In brief: Bon-Ton reports higher sales, tender offers and note offering
Comparable-store sales in the first quarter of the fiscal year for The Bon-Ton Stores Inc. were up 1.2 percent and total sales were up 1 percent to about $646.9 million, the company said earlier this week.
Bon-Ton, with corporate offices in York County and Milwaukee, said it plans to report financial results for the fiscal first quarter May 23, according to a news release.
The company also said Monday that subsidiary The Bon-Ton Department Stores Inc. commenced tender offers for outstanding 10.25 percent senior notes due in 2014 and up to $223 million of its 10.625 percent senior secured notes due in 2017, according to a separate release.
Related to the tender, the subsidiary also intends to offer $300 million aggregate principal amount of its second lien senior secured notes due in 2021 through a private offering, according to another company statement.