GE Capital (GE) Co-Collateral Agent for Bon-Ton Stores $625M Credit Facility
GE Capital, Corporate Retail Finance, a General Electric Company (NYSE: GE), today announced it is co-collateral agent for a $625 million asset-based credit facility for The Bon-Ton Stores, Inc., a department store retailer. The loan will be used to refinance existing debt and for working capital needs. GE Capital Markets served as joint lead arranger.
Headquartered in York, PA and Milwaukee, WI, The Bon-Ton Stores, Inc., (NYSE: BONT) offer a broad assortment of brand-name fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. The company operates 278 stores, including 11 furniture galleries, in 23 states.
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