Brief: B. Riley Financial’s Great American, Tiger Capital, Indenture Trustee For Second-Lien Noteholders To Buy Rights To Bon-Ton Stores’ Assets For

Bon-Ton Stores

19/04/2018 13:38

April 19 (Reuters) - B. Riley Financial Inc  RILY.O :
    * B. RILEY FINANCIAL’S GREAT AMERICAN GROUP, TIGER CAPITAL
GROUP
AND INDENTURE TRUSTEE FOR SECOND-LIEN NOTEHOLDERS TO ACQUIRE
RIGHTS TO BON-TON STORES’ ASSETS FOR $780 MILLION
    * B. RILEY FINANCIAL - THROUGH UNPRECEDENTED JV STRUCTURE,
DEAL
FACILITATES PAY-DOWN OF BON-TON'S ASSET BASED LOAN, DIP CREDIT
FACILITIES, AMONG OTHERS
    * B. RILEY FINANCIAL - GREAT AMERICAN GROUP AND TIGER
CAPITAL
GROUP WILL LEAD LIQUIDATION OF BON-TON'S 212 STORES
    * B. RILEY FINANCIAL - ANTICIPATED THAT SALE WILL PROVIDE
"MEANINGFUL RECOVERIES" TO SENIOR SECURED NOTEHOLDERS

Source text for Eikon:  ID:nGNX6z0vDp 
Further company coverage:  RILY.O 

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