Bon-Ton Department Stores calls $65 million of 10¼% notes due 2014

By Tali David

Minneapolis, Jan. 23 - Bon-Ton Department Stores, Inc. plans to redeem $65 million of its 10¼% senior notes due 2014, according to an 8-K filed with the Securities and Exchange Commission.

The notes will be redeemed at par plus accrued interest on Feb. 22.

Following the transaction, about $69 million will remain outstanding.

Bank of New York Mellon is the trustee.

Bon-Ton Department Stores is a York, Pa.-based a wholly owned subsidiary of Bon-Ton Stores, Inc., an owner and operator of department stores.

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