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News Stories (4 Results) - JOANN

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... Read Story
May 01, 2024, 08:00 AM

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... Read Story
March 26, 2024, 09:06 AM

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... Read Story
March 18, 2024, 07:57 AM

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... Read Story
July 09, 2021, 07:00 AM