Brief: The Bon-Ton Stores Inc Enters Into Forbearance Agreements

Bon-Ton Stores

16/01/2018 19:37

Jan 16 (Reuters) - Bon-Ton Stores Inc  BONT.PK : 
    * THE BON-TON STORES, INC. ENTERS INTO FORBEARANCE 
AGREEMENTS 
    * BON-TON STORES INC - FORBEARANCE AGREEMENTS WILL EXPIRE ON 
JANUARY 26, 2018, UNLESS FURTHER EXTENDED BY PARTIES 
    * BON-TON-ENTERED FORBEARANCE DEALS WITH ABL CREDIT 
AGREEMENT 
LENDERS,AD HOC GROUP OF HOLDERS OF ABOUT 75% AMOUNT OF CO'S 8.0% 
SECOND LIEN NOTES DUE 2021 
    * BON-TON STORES- ABL CREDIT AGREEMENT LENDERS & FORBEARING 
HOLDERS OF 2L NOTES TO FORBEAR FROM REMEDIES IF CO DOES NOT MAKE 
INTEREST PAYMENT DUE ON DEC. 15, 2017 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nGNXOLURQa 
Further company coverage:  BONT.PK  
 
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