- The Bon-Ton Stores (OTC:BONT) announced redemption of its outstanding 10 5/8% Second Lien Senior Secured Notes due 2017 on November, 29 at 100% of the principal amount plus accrued and unpaid interest approximately $21.84 per $1,000 of principal amount. The aggregate principal amount outstanding of the Notes is approximately $57M.
- Nancy A. Walsh, Executive Vice President and Chief Financial Officer, commented, “I am pleased that the company is repaying the 2017 Senior Notes well in advance of the July 2017 maturity date. The redemption meets our objective of reducing short-term debt and improving our capital structure.”
- Press Release