Gordon Brothers Provides $100M Exit Facility Commitment as Agent for Jo-Ann Stores [Yahoo! Finance]
JOANN, Inc. - common stock (JOAN)
Company Research
Source: Yahoo! Finance
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-out credit facility last year to help optimize Jo-Ann Stores' balance sheet and drive free cash flow across the enterprise. “We're proud to support the category leader in sewing and fabrics with one of the largest arts and crafts offerings during the restructuring process,” said Kyle Shonak, Senior Managing Director, Transaction Team & Head of North America Lending at Gordon Brothers . “In addition to our advisory and consulting services, our credit facility's extension will help secure Jo-Ann Stores' liquidity and support its growth.” Gordon Brothers provides both short- and long-term capital to clients undergoing transformation. The firm lends against and invests in brands, real estate, inventory, receivables, machinery, equipment and other assets, both together and individually, to provide clients liquidity
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JOAN
News
- Opinion: America briefly rediscovered a love of sewing. It wasn't enough to rescue Joann Fabrics [CNN]CNN
- Opinion: America briefly rediscovered a love of sewing. It wasn't enough to rescue Joann Fabrics [CNN]CNN
- News Quiz: March 22, 2024 [FOX News]FOX News
- The Daily Money: Catch solar eclipse from the sky? [USA TODAY]USA TODAY
- PRESS DIGEST- New York Times business news - March 19 [Yahoo! Finance]Yahoo! Finance
JOAN
Earnings
- 12/4/23 - Beat
JOAN
Sec Filings
- 3/22/24 - Form 8-K
- 3/18/24 - Form 8-K
- 3/15/24 - Form 3
- JOAN's page on the SEC website