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Jo-Ann Stores calls $171.64 million of 8 1/8% notes due 2019
New York, July 21 – Jo-Ann Stores, LLC plans to redeem $171,644,000 of its $178,175,000 outstanding 8 1/8% notes due 2019 issued under Rule 144A.
The notes were to be repaid at par plus accrued interest on July 21, according to a notice.
Completion of the redemption was conditioned on the closing of an incremental term loan facility.
The redemption date may be delayed if the closing is not executed.
None of the Regulation S bonds were redeemed.
Parent Jo-Ann Stores Inc. is a Hudson, Ohio-based specialty retailer of fabrics and crafts.
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