By  on February 7, 2018

The Bon-Ton Stores Inc. said a Delaware bankruptcy court has approved its first-day motions, which include its request to access its debtor-in-possession financing facility.

The DIP facility provides Bon-Ton with up to $725 million in financing from existing asset-based lenders. It also received the court’s nod to continue payments considered in the ordinary course of business, such as wages to employees and to pay vendors for goods and services after the Chapter 11 filing date.

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