Bon-Ton (BONT) Announces Partial $65M Notes Redemption
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The Bon-Ton Stores, Inc. (NASDAQ: BONT) (the “Company”) today announced that The Bon-Ton Department Stores, Inc., a wholly-owned subsidiary of the Company, issued a notice of partial redemption for $65 million aggregate principal amount of its outstanding 10¼% Senior Notes due 2014 (the “2014 Notes”) at a cash redemption price equal to 100% of the principal amount of the 2014 Notes, plus accrued and unpaid interest, if any, to, but not including, the redemption date. The redemption date will be February 22, 2013. Upon completion of the redemption, approximately $69 million aggregate principal amount of the 2014 Notes will remain outstanding.
Payment of the redemption price will be made on or after the redemption date only upon presentation and surrender of the 2014 Notes to the paying agent. Interest on the 2014 Notes that have been called for redemption will cease to accrue on and after the redemption date.
Payment of the redemption price will be made on or after the redemption date only upon presentation and surrender of the 2014 Notes to the paying agent. Interest on the 2014 Notes that have been called for redemption will cease to accrue on and after the redemption date.
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