Bon-Ton Stores has secured a new $625 million five-year senior secured asset-based credit facility. The department store company will replace its existing $675 million asset-based revolving credit facility due on June 4, 2013 with the new loan. Bank of America has been appointed to act as the agent for the loan. Merrill Lynch, Pierce, Fenner & Smith, GE Capital Markets and Wells Fargo Capital Finance will serve as joint lead arrangers and joint book runners.
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