Bon-Ton Stores, Inc. (BONT)


The Bon-Ton Stores, Inc. announces at least a $44.935 million sale leaseback of three of its retail stores. We expect that the immediate use of proceeds will be to reduce outstanding borrowings under the Company's Senior Secured ABL Credit Facility and, then, to retire its 10.625% 2nd lien notes due 7/15/17