Firm News

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com

Cahill Advises Financing Sources in Acquisition of JoAnn Stores

Date: 03/18/11

Cahill represented JPMorgan Chase Bank as administrative agent and J.P. Morgan, Merrill Lynch and Barclays Capital, as lead arrangers, in connection with a $650,000,000 Term B Loan for Needle Merger Sub Corp. (an entity formed by Leonard Green Partners, L.P.), to be merged into JoAnn Stores, Inc. to finance a portion of the acquisition consideration.

Cahill also represented J.P. Morgan, BofA Merrill Lynch and Barclays Capital as joint book-running managers and the other co-managers in a Rule 144A/Reg S offering of $450,000,000 8.125% Senior Notes due 2019 by Needle Merger Sub Corp., to be merged with JoAnn Stores, Inc.

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com