Brief: Joann Announces $100 Mln Filo Credit Facility, Schedules Q4 Earnings Release

Joann

13/03/2023 12:53

March 13 (Reuters) - Joann Inc  JOAN.O :
    * JOANN ANNOUNCES $100 MILLION FILO CREDIT FACILITY AND
SCHEDULES
FOURTH QUARTER FISCAL 2023 EARNINGS RELEASE AND CONFERENCE CALL
    * JOANN INC - FILO FACILITY IS AN INCREMENTAL FACILITY TO
JOANN'S
EXISTING $500 MILLION ASSET BASED REVOLVING LOAN FACILITY
    * JOANN INC - ON MARCH 10, 2023, JOANN BORROWED FULL $100
MILLION
AVAILABLE UNDER FILO FACILITY
    * JOANN - PROCEEDS FROM FILO FACILITY WILL BE USED, IN
ADDITION TO
CASH ON HAND, TO REPAY PORTION OF OUTSTANDING AMOUNTS UNDER ABL,
TRANSACTION COSTS

Source text for Eikon:  ID:nGNX44MYFx 
Further company coverage:  JOAN.O 

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