Joann Fabric Can Tap $95M Of DIP As It Eyes Quick Ch. 11

By Clara Geoghegan · March 19, 2024, 9:03 PM EDT

Joann Inc., the retailer known as Joann Fabric and Crafts, received a Delaware bankruptcy judge's approval Tuesday on a bundle of first-day motions, ahead of an impending bid for confirmation of...

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login

Bankruptcy Scorecard

Summary

Fabric retailer Joann Inc., better known as Joann Fabrics, filed for bankruptcy March 18 in Delaware with $1 billion in secured debt and an agreement with its creditors to trim $505 million from its balance sheet.

Case Number

1:24-bk-10418

Judge

Craig Goldblatt

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$1.06 billion

View Full Scorecard

Related Sections

Case Information

Case Title

JOANN Inc.

Case Number

1:24-bk-10418

Court

Delaware

Nature of Suit

Date Filed

March 18, 2024

Recent Articles By Clara