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Article: Jo-Ann Stores, Inc. Commences Cash Tender Offer and Consent Solicitation for Its Outstanding 10 3/8% Senior Subordinated Notes Due 2007.
- Article from:
- Business Wire
- Article date:
- February 5, 2004
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Business Editors
HUDSON, Ohio--(BUSINESS WIRE)--Feb. 5, 2004
Jo-Ann Stores, Inc. (NYSE:JAS) has commenced a cash tender offer to purchase all of its outstanding 10 3/8% Senior Subordinated Notes due 2007 and a consent solicitation to amend the related Note Indenture. The consent solicitation seeks consents from holders of the Notes to eliminate certain restrictive covenants and events of default from the Note Indenture.
The offer price for each $1,000 in principal amount of Notes tendered pursuant to the tender offer is $1,009.00, plus accrued and unpaid interest on the purchased Notes up to, but not including, the payment date. The consent ...