Great American, Tiger to Acquire Bon-Ton Stores Assets

Great American Group and Tiger Capital Group will acquire the Bon Ton Stores’ assets. The U.S. Bankruptcy Court approved the asset purchase agreement for the holders of the company’s 8.0% second lien secured notes.

BofA Agents Up to $725MM DIP for The Bon-Ton Stores

The Bon-Ton Stores filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.

Bon-Ton Files Restructuring Plan, to Close 40 Stores

Bon-Ton Stores filed a pre-packaged restructuring plan with the SEC two weeks after entering forbearance agreements with its ABL lenders, led by Bank of America.

Bon-Ton Amends BofA-Led ABL Credit Facility

The Bon-Ton Stores amended its $880 million ABL Tranche A and Tranche A-1 credit facility, providing the company with immediate flexibility and substantial additional liquidity under its current credit facility.

Bon-Ton Unlocks Additional Capital Via $18.9MM Sale-Leaseback

The Bon-Ton Stores entered into an agreement for a $18.9 million sale-leaseback transaction for its Herberger’s location at Rosedale Center in Roseville, MN.

Bon-Ton Hires AlixPartners to Oversee Turnaround

Reuters reported that U.S. department store chain Bon-Ton Stores hired advisory firm AlixPartners to help turn around its business and slash its debt load.

Bank of America Agents Bon-Ton Extension

The Bon-Ton Stores successfully extended its $730 million ABL Tranche A credit facility with Bank of America as administrative agent to April 2022.

BofA Agents Bon-Ton ABL Facility Amendment

The Bon-Ton Stores amended its existing $675 million ABL revolver that was scheduled to mature in March 2016. Bank of America continues to serve as agent on the credit facility.