Bon-Ton news and archive

Bon-Ton amends credit facility to sail through the holiday season

Struggling retailer Bon-Ton has amended its 880 million dollars ABL Tranche A and Tranche A-1 credit facility, providing the company with immediate flexibility and substantial additional liquidity under its current credit facility, just before the crucial holiday season. In a press release, Nancy Walsh, Bon-Ton's Executive Vice President and...

Business

Bon-Ton hires Alix Partners to advise on turnaround plans

U.S. department store operator Bon-Ton has hired consulting firm AlixPartners to provide operational advice regarding its turnaround efforts. Meanwhile, PJT, a restructuring advisory firm, looks into the refinancing of the company’s debts. After global investment bank PJT drafted the preliminary plan for Bon-Ton to focus on refinancing its debt...