Cahill Advises Financing Sources in Acquisition of JoAnn Stores

March 18, 2011

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.