Case Background
On February 4, 2018, The Bon-Ton Stores, Inc., announced that the Company and its subsidiaries have filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The Company is currently engaged in constructive discussions with potential investors and its debtholders on a financial restructuring plan. Bon-Ton intends to use this court-supervised process to explore potential strategic alternatives to maximize value for the benefit of its stakeholders, which may include a sale of the Company or certain of its assets as part of the plan of reorganization.
The Company’s continuing stores, e-commerce and mobile platforms under the Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger’s and Younkers nameplates are open and operating as usual. The Company intends to pay vendors in the ordinary course for all goods and services delivered after the filling date, pending Court approval of customary motions.
The Bon-Ton Stores case has been assigned to Judge Mary F. Walrath and Case No. 18-10248. The Docket can be accessed on this website or through the website maintained by the United States Bankruptcy Court for the District of Delaware.
For additional information about the restructuring process and resources, including press releases and frequently asked questions, please visit The Bon-Ton Stores restructuring website at www.bontonrestructuring.com.
Important Information & Dates
Notice to Holders and Prospective Holders of Second Lien Notes
Please be advised that Wilmington Savings Fund Society, FSB, in its capacity as successor trustee (the “Indenture Trustee”) under the Indenture dated as of May 28, 2013 (the “Indenture”) for the 8.00% Second Lien Senior Secured Notes due 2021 (the “Second Lien Notes”) of The Bon-Ton Department Stores, Inc., will be making available to holders and prospective holders of Second Lien Notes certain financial projections (the “Projections”) regarding the sale, assignment, designation, transfer or other disposition of assets as contemplated in the Order, Pursuant to Sections 105, 363, and 365 of the Bankruptcy Code, Approving Sale of Certain of the Debtors’ Assets and Granting Related Relief [D.I. 632] and the Agency Agreement attached thereto as Exhibit A.
Please review this Notice for additional detail regarding obtaining access to the Projections. Any inquiries with respect to this Notice or obtaining access to the Projections should be directed to the Indenture Trustee in writing at the address below:
Wilmington Savings Fund Society FSB
Attn: Patrick Healy
500 Delaware Avenue, 11th Floor
Wilmington, Delaware 19801
Email: PHealy@WSFSBank.com
CC: DPosner@KilpatrickTownsend.com
Dates
Cancelled: Omnibus Hearing [Interim Fee Hearing]
Parties
Debtors' Counsel
Paul, Weiss, Rifkind, Wharton & Garrison LLP
1285 Avenue Of The Americas
New York,
NY
10019
https://www.paulweiss.com/
Phone: 212.373.3000
Fax: 212.757.3990
Kelley A. Cornish
Elizabeth R. Mccolm
Claudia R. Tobler
Alexander Woolverton
Young Conaway Stargatt & Taylor, LLP
Rodney Square
1000 North King Street
Wilmington,
DE
19801
http://www.youngconaway.com
Phone: 302.571.6600
Fax: 302.571.1253
Pauline K. Morgan
Sean T. Greecher
Andrew L. Magaziner
Elizabeth S. Justison
United States Trustee and Court Information
United States Bankruptcy Court
District of Delaware
824 Market Street North
Wilmington,
DE
19801
http://www.deb.uscourts.gov/
Phone: 302.252.2900
Office of the United States Trustee
844 King Street
Suite 2207
Wilmington,
DE
19801
https://www.justice.gov/ust-regions-r03/region-3-district-delaware
Phone: 302.573.6491
Fax: 302.573.6497
Mark S. Kenney, Esq.
Debtors
Case Number |
Debtor Name |
Petition Date |
|---|---|---|
| 18-10248 | The Bon-Ton Stores, Inc. | February 04, 2018 |
| 18-10249 | The Bon-Ton Department Stores, Inc. | February 04, 2018 |
| 18-10250 | The Bon-Ton Giftco, LLC | February 04, 2018 |
| 18-10251 | Carson Pirie Scott II, Inc. | February 04, 2018 |
| 18-10252 | Bon-Ton Distribution, LLC | February 04, 2018 |
| 18-10253 | McRIL, LLC | February 04, 2018 |
| 18-10247 | Bonstores Holdings One, LLC | February 04, 2018 |
| 18-10254 | Bonstores Realty One, LLC | February 04, 2018 |
| 18-10255 | Bonstores Holdings Two, LLC | February 04, 2018 |
| 18-10256 | Bonstores Realty Two, LLC | February 04, 2018 |