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Bon-Ton Gets Final OK On $725M DIP, Bidding Procedures

Law360, Wilmington (March 12, 2018, 7:57 PM EDT) -- Bankrupt department store chain Bon-Ton Stores Inc. received final bankruptcy court approval Monday in Delaware for its $725 million debtor-in-possession financing package and its plans to receive bids for its assets as a going concern.

During a hearing in Wilmington, Bon-Ton attorney Alexander Woolverton of Paul Weiss Rifkind Wharton & Garrison LLP told the court that changes to the final DIP order resolved many objections to the borrowing package, but that some concerns from landlords and holders of second-lien note claims had not been addressed....
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