JOANN has successfully emerged from its court-supervised financial restructuring process, and has substantially reduced its funded debt by half while further enhancing its liquidity through a $153 million exit financing facility that replaces the...
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May 01, 2024, 08:00 AM
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Gordon Brothers has provided a $100 million exit facility commitment as Agent for Jo-Ann Stores LLC to support the U.S. arts and crafts specialty retailer's restructuring and bolster the company’s liquidity. Gordon Brothers provided a first-in, last...
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March 26, 2024, 09:06 AM
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JOANN has entered into a Transaction Support Agreement (TSA) with a majority of its financial stakeholders and additional industry financing parties to strengthen the Company’s financial position. In connection with the TSA, the Company has received...
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March 18, 2024, 07:57 AM
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JOANN, the nation’s category leader in sewing and one of the fastest growing competitors in the arts and crafts category, successfully completed the refinancing of its existing covenant-lite first lien term loan facility due October 2023. Bank of...
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July 09, 2021, 07:00 AM
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