Bon Ton Stores Files for Reorganization
The latest casualty is pursuing a refinancing option with its current lenders as well as a liquidation as a backup plan. The lender agreement on the reorganization is contingent on Bon Ton finding another third party investor, a process that is active but has not so far produced an investor. It has negotiated a $725 million DIP facility. The chain of local department stores had ... Log in to view full article.