Total : 35 View more »
Truck.Net connects truck drivers to trucking industry jobs, forums, classifieds, and companies, nationwide and beyond. With Truck.Net, drivers are our customers, we supply drivers with truck and trucking news and trucking information. Weather your a diesel mechanic, owner operator or employed
NEW YORK (AP) -- Fitch Ratings raised its outlook for Bon-Ton Stores Inc. on Friday from negative to stable, citing the department store operator's reworked credit
http://finance.yahoo.com/news/Fitch-boosts-outlook-on-apf-253885252.html?x=0&.v=1
PR: PLM software provider Yunique Solutions has been recognized with an Exceptional Partnership Award by The Bon-Ton Stores, Inc. for its work in implementing the plmOn product lifecycle management solution at the retailer’s Milwaukee headquarters. The award was presented at the 2009 Strategic Ven
Bon-Ton Stores (BONT) narrowed losses for the fiscal third-quarter thanks to better margins and lower costs, the as the regional department-store operator reported on Thursday.
Total : 28 View more »
Nov 19, 2009 (M2 EQUITYBITES via COMTEX) --
Operator of department stores The Bon-Ton Stores Inc (NASDAQ:BONT) closed a second lien term loan credit facility of USD75m that matures on 18 November 2013 and received commitments from lenders to replace its existing credit facility that matures in March 2011, the company revealed on Wednesday.
Bon-Ton revealed that the commitments for USD675m, 3.5-year senior secured asset-based credit facility (the New Credit Facility) was over subscribed and are subject to standard and customary closing requirements. This replaces its existing USD800m asset-based revolving credit facility (the Existing Credit Facility).
The Bank of America NA will serve as administrative agent; Bank of America Merrill Lynch; GE Capital Markets Inc; and Wells Fargo Securities LLC are acting as joint lead arrangers and joint book runners on the New Credit Facility that will close in early December of this year.
The agents for the USD75m loan credit facility are Sankaty Advisors LLC; GB Merchant Partners LLC; and GA Capital LLC, while acting as lead arranger is the Bank of America Merrill Lynch.
Proceeds will be used to increase liquidity after paying off related fees and expenses and a part of the outstanding debts under the Existing Credit Facility.
The Second Lien Term Loan Credit Facility's only financial covenant is a minimum borrowing availability of USD75m under the Existing Credit Facility that was amended to allow the Second Lien Term Loan Credit Facility with the Existing Credit Facility (and the New Credit Facility when it becomes effective).
Comments on this story may be sent to admin@m2.com
Tags: bank georgia nasdaq securities
Companies: Bon-Ton Stores, Inc. (THE) (BONT)
Nov 19, 2009 (SmarTrend(R) Research Reports via COMTEX) --
SmarTrend, the proprietary pattern recognition system, has made available a free sample copy of our premium research report on (NASDAQ:BONT) at http://www.mysmartrend.com/research/
SmarTrend, our proprietary pattern recognition system, called an Uptrend for Bon-Ton Stores (NASDAQ:BONT) on October 08, 2009 at $8.13. Since then, Bon-Ton Stores has returned 37.1% as of today's recent price of $11.15.
Want access to these reports and real time alerts? Go to www.tradethetrend.com now for a FREE two-week trial.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
Tags: market nasdaq research securities trial
Companies: Bon-Ton Stores, Inc. (THE) (BONT)
Nov 19, 2009 (M2 EQUITYBITES via COMTEX) --
The Bon-Ton Stores Inc (Nasdaq:BONT) announced on Wednesday that it has received commitments in excess of the commitment amount sought from lenders for a USD675m 3.5-year senior secured asset-based credit facility.
This new credit facility will replace the company's existing USD800m asset-based revolving credit facility that is scheduled to mature in March 2011.
The company said that the credit commitments are subject to standard and customary closing requirements.
Bank of America N.A will serve as administrative agent on the new credit facility.
Bank of America Merrill Lynch; GE Capital Markets Inc; and Wells Fargo Securities LLC are acting as Joint Lead Arrangers and Joint Book Runners.
Bon-Ton expects to close on the new credit facility in early December of this year.
In addition, the company also announced that it has closed on a USD75m
second lien term loan credit facility, which will mature on 18 November 2013.
The agents for this facility are Sankaty Advisors LLC; GB Merchant Partners LLC; and GA Capital LLC.
Bank of America Merrill Lynch acted as lead arranger for the facility.
Proceeds from this transaction will reportedly be used by the company to increase liquidity by paying down a portion of the outstanding borrowings under the existing credit facility and related fees and expenses.
The only financial covenant in the second lien term loan credit facility is a minimum borrowing availability of USD75m under the existing credit facility and the new credit facility when it becomes effective).
The existing credit facility was amended to permit the second lien term loan credit facility.
The Bon-Ton Stores is an operator of stores and furniture galleries in the US.
Comments on this story may be sent to admin@m2.com
Tags: bank georgia nasdaq securities
Companies: Bon-Ton Stores, Inc. (THE) (BONT)
Nov 11, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend, our proprietary pattern recognition system, called an Uptrend for Bon-Ton Stores (NASDAQ:BONT) on October 08, 2009 at $8.13.
Since then, Bon-Ton Stores has returned 33.1% as of today's recent price of $10.82. Want to profit from these alerts?
Go to www.mysmartrend.com now for a FREE two-week trial.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
Tags: market nasdaq profit securities trial
Companies: Bon-Ton Stores, Inc. (THE) (BONT)
Total : 33 View more »
A multi-line retailer offering an array of merchandise and services. Sears operates principally in the United States, Puerto Rico and Canada. Sears, Roebuck and Co. operates 903 stores under the Sears, Sears Grand and Sears Essentials brand names.
Copyright © 2009 MarketWatch, Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
http://www.holdrs.com/holdrs/main/index.asp?Action=Headlines&Description=&Image=&symb=BONT&sid=8005
The Bon-Ton Department Stores, Inc. is a regional department store chain now operating 142 stores in sixteen states under the names of Bon-Ton and Elder-Beerman. The Bon-Ton's acquisition of The Elder-Beerman Stores Corp.
The Bon-Ton Stores Inc operates 280 stores, including ten furniture galleries, in 23 states under the Bon-Ton, Bergnerâ s, Boston Store, Carson Pirie Scott, Elder-Beerman, Herbergerâ s and Younkers nameplates and three stores under the Parisian nameplate.
Total : 30 View more »
Information about Bon-Ton Stores Incorporated (The) ... RSS feeds allow Web site content to be gathered via feed reader software.
Schneider National Scoops Up Second Intermodal Service Award from The Bon-Ton Stores, Inc. www.truck.net | Oct 27, 2009. Truck.Net connects truck drivers to trucking industry jobs ...
http://www.zibb.com/all/theme/cq/Bon-Ton+Stores+Incorporated+(The)
Bon-Ton Stores Incorporated (The) ... NEW YORK (AP) — Fitch Ratings raised its outlook for Bon-Ton Stores Inc. ...
http://www.chicagotribune.com/business/sns-ap-us-bon-ton-ratings,0,2650497.story
Bon-Ton Stores Incorporated (The) ... YORK, Pa. (AP) — Bon-Ton Stores Inc. said Wednesday it has agreed with ...
http://www.baltimoresun.com/business/sns-ap-us-bon-ton-refinancing,0,4885731.story