The Bon-Ton Stores Announces Second Amendment to Second Amended and Restated Loan and Security Agreement

The Bon-Ton Stores BONT today announced that it has entered into an amendment to the Company's existing $675 million asset-based revolving credit facility that was scheduled to mature in March 2016. Bank of America, N.A. continues to serve as Agent on the credit facility. The Second Amendment extends the maturity date of the commitments under the credit facility to December 12, 2018. The amendment provides interest rate reductions and generally favorable revisions regarding the facility requirements. For details, please see the Company's Form 8-K that will be filed today. Keith Plowman, Executive Vice President and Chief Financial Officer, commented, “We are very pleased with the enhancements See full press release