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



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

Business Wire

YORK, Pa. -- December 13, 2013

The Bon-Ton Stores, Inc. (NASDAQ: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 made to our facility,
which we believe position us well for the future. We appreciate the strong
level of support from our lending group of bank institutions.”

The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania
and Milwaukee, Wisconsin, operates 273 department stores, which includes 10
furniture galleries, in 25 states in the Northeast, Midwest and upper Great
Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman,
Herberger’s and Younkers nameplates. The stores offer a broad assortment of
national and private brand fashion apparel and accessories for women, men and
children, as well as cosmetics and home furnishings. For further information,
please visit the investor relations section of the Company’s website at
http://investors.bonton.com.

Certain information included in this press release contains statements that
are forward-looking within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements, which may be identified
by words such as “may,” “could,” “will,” “plan,” “expect,” “anticipate,”
“estimate,” “project,” “intend” or other similar expressions, involve
important risks and uncertainties that could significantly affect results in
the future and, accordingly, such results may differ from those expressed in
any forward-looking statements made by or on behalf of the Company. Factors
that could cause such differences include, but are not limited to: risks
related to retail businesses generally; a significant and prolonged
deterioration of general economic conditions which could negatively impact the
Company in a number of ways, including the potential write-down of the current
valuation of intangible assets and deferred taxes; risks related to the
Company’s proprietary credit card program; potential increases in pension
obligations; consumer spending patterns, debt levels, and the availability and
cost of consumer credit; additional competition from existing and new
competitors; inflation; deflation; changes in the costs of fuel and other
energy and transportation costs; weather conditions that could negatively
impact sales; uncertainties associated with expanding or remodeling existing
stores; the ability to attract and retain qualified management; the dependence
upon relationships with vendors and their factors; a data security breach or
system failure; the ability to reduce or control SG&A expenses, including
initiatives to reduce expenses and improve efficiency; operational
disruptions; unsuccessful marketing initiatives; changes in, or the failure to
successfully implement our key strategies, including initiatives to improve
our merchandising, marketing and operations; adverse outcomes in litigation;
the incurrence of unplanned capital expenditures; the ability to obtain
financing for working capital, capital expenditures and general corporate
purpose; the impact of regulatory requirements including the Health Care
Reform Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act;
the inability or limitations on the Company’s ability to favorably adjust the
valuation allowance on deferred tax assets; and the financial condition of
mall operators. Additional factors that could cause the Company’s actual
results to differ from those contained in these forward-looking statements are
discussed in greater detail under Item 1A of the Company’s Form 10-K filed
with the Securities and Exchange Commission.

Contact:

The Bon-Ton Stores, Inc.
Mary Kerr, (717) 751-3071
Vice President, Investor & Public Relations
mkerr@bonton.com
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