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
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in