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 its prepackaged Chapter 11 plan to slash over half a billion dollars of debt and let creditors take over the reorganized business....

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