Crystal Financial acted as documentation agent for a $150 million second lien term loan and anchored the tranche with a $30.0 million commitment. This facility refinanced upcoming maturing debt and provided incremental liquidity.

Bon-Ton Stores, Inc. operates 267 department stores throughout the Northeast, Midwest and upper Great Plains offering a full array of branded and private label apparel and accessories.

The company had a $100 million tranche of their existing credit facility in addition to $57 million of senior notes with upcoming maturities in 2018 and 2017 respectively. They were seeking a solution that would refinance both facilities with an extended maturity and create incremental liquidity.

Crystal was documentation agent in a $150 million ABL trerm loan supported by a second lien position on the company’s current assets as well as real estate.