The US Bankruptcy Court gave an order to The Bon-Ton Stores, Inc. to obtain DIP financing on a final basis on March 12, 2018. As per the order, the debtor has been authorized to obtain a revolving credit facility in the aggregate principal amount of up to $725 million consisting of $600 million in aggregate principal amount of revolving DIP Tranche A Loans and related commitments and $125 million in aggregate principal amount of DIP Tranche A-1 Loans, and which will include a $150 million sublimit for the issuance of letters of credit and a $75 million sublimit for swingline loans from Bank of America, National Association, Blue Hills Bank, Citizens Bank of Pennsylvania Inc., Crystal Finance LLC, Fifth Third Bank, PNC Bank, National Association, Siemens Financial Services, Inc., TD Bank, N.A., Webster Business Credit Corporation and Wells Fargo Bank, National Association with Bank of America, N.A., as administrative agent. Borrowings under the DIP Facility will bear interest at either, Adjusted LIBOR plus an applicable margin or a base rate plus the applicable margin. The applicable margin for the DIP Facility will be 2.75% for LIBOR Tranche A Revolver Loans, 1.75% for Base Rate Tranche A Revolver Loans, 9.50% for LIBOR Tranche A-1 Revolver Loans, and 8.50% for Base Rate Tranche A-1 Revolver Loans along with an additional 2% p.a. interest in the event of default. As per the terms of the DIP agreement, the loan carries a commitment fee of 1% p.a. The DIP facility would mature either on November 1, 2018 or on the effective date of the plan or on the date of consummation of the sale of substantially all assets, whichever is earlier. Adequate protection would be provided to the DIP lenders in the form of super-priority administrative expense claims which is subject to a carve-out of $0.05 million towards unpaid professional fees / administrative expenses and first priority lien upon and security interest in the debtor’s collateral. DIP financing will be used for the replacement and refinancing of the Prepetition ABL Obligations, working capital and other general corporate purposes, payment of costs and expenses, including professional fees, of administering these Chapter 11 Cases, and payment of other Bankruptcy Court approved expenses, in each case as set forth in the Budget or otherwise approved by the Administrative Agent.