Brief: Bon-Ton Stores Files Voluntary Chapter 11 Petitions To Implement Financial Restructuring

Bon-Ton Stores

05/02/2018 03:45

Feb 4 (Reuters) - Bon-Ton Stores Inc  BONT.PK : 
    * THE BON-TON STORES, INC. FILES VOLUNTARY CHAPTER 11 
PETITIONS TO 
IMPLEMENT FINANCIAL RESTRUCTURING 
    * BON-TON STORES - RECEIVES COMMITMENT OF UP TO $725 MILLION 
IN 
DEBTOR-IN-POSSESSION FINANCING TO SUPPORT OPERATIONS 
    * SAYS TO EXPLORE POTENTIAL STRATEGIC ALTERNATIVES TO 
MAXIMIZE 
VALUE 
    * BON-TON STORES - IS CLOSING 47 STORES IN 2018, FOUR OF 
WHICH 
CLOSED IN JANUARY 
    * BON-TON STORES - TO EXPLORE POTENTIAL STRATEGIC 
ALTERNATIVES TO 
MAXIMIZE VALUE FOR BENEFIT OF ITS STAKEHOLDERS, WHICH MAY 
INCLUDE A SALE OF COMPANY 
 
Source text for Eikon:  ID:nPn6cxVRxa  
Further company coverage:  BONT.PK  
 
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