The Bon-Ton Stores, Inc. Announces Amendment to ABL Credit Facility; Provides Immediate Flexibility and Additional Liquidity Heading into Holiday Season

The Bon-Ton Stores, Inc. (“Bon-Ton” or the “Company”) (NASDAQ:BONT) today announced that it has 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.

Nancy Walsh, Bon-Ton’s Executive Vice President and Chief Financial Officer, commented, “We are pleased with this amendment which immediately provides us with additional liquidity cushion and strengthens our financial flexibility through the holiday season. We appreciate the ongoing support of our bank group as our team continues to execute key operational and financial initiatives focused on positioning the business for both near- and long-term profitable growth.”

William Tracy, President and Chief Executive Officer, commented, “As we build our inventory position heading into the holiday season, we are pleased to have increased access to capital. We look forward to continuing to work closely with our vendor partners to ensure we are delivering quality merchandise and an exceptional shopping experience for our customers in our stores and online.”
http://investors.bonton.com/releasedetail.cfm?ReleaseID=1045186

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