Bon-Ton Stores completes $625 million amended and restated revolver

By Sara Rosenberg

New York, March 21 - Bon-Ton Stores Inc. closed on its $625 million five-year senior secured asset-based revolving credit facility, according to a news release.

Bank of America Merrill Lynch, GE Capital Markets Inc. and Wells Fargo Capital Finance LLC acted as the joint lead arrangers and bookrunners on the deal, with Bank of America the agent.

Proceeds were used to replace the company's $675 million asset-based revolver that was set to mature on June 4, 2013 and are available for general corporate purposes.

The new facility is priced lower and has generally favorable revisions when compared to the previous revolver, the release said.

Bon-Ton is a York, Pa.-based operator of department stores.

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