Bon-Ton secures new credit facility
December 7, 2009,
York, Pa. – The Bon-Ton Stores has lined up a new $675 million credit facility to replace its existing $800 million revolver, which was schedule to mature in March 2011.
Bank of America, N.A. will serve as administrative agent on the asset-based facility, with by Bank of America Merrill Lynch GE Capital Markets, and Wells Fargo Retail Finance as joint lead arrangers and joint book runners.
In mid-November, the department store retailer announced it had closed on a $75 million second lien term loan credit.
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