Joan Fabrics gets refinancing

Andrews, Susan M.
October 2006
Furniture/Today;10/30/2006, Vol. 31 Issue 8, p4
Trade Publication
The article reports that upholstery fabric supplier Joan Fabrics Corp. is in the completion stage in the refinancing deal from its investors on October 30, 2006. The completion of the refinancing deal would put Joan Upholstery in the position to continue its operation. According company chairman Elkin McCallum, it has been trying and long process that it took about eight weeks longer than he expected it to be done.


Related Articles

  • Joan reorganizes divisions. Sloan, Carole // Furniture/Today;8/11/2003, Vol. 27 Issue 48, p4 

    Reports on the corporate reorganization of Joan Fabrics Corp. in Tyngsboro, Massachusetts. Consolidation of the manufacturing facilities; Closure of some facilities; Comments of chairman Elkin McCallum on the reorganization of the company.

  • Joan Fabrics eyes cash infusion.  // Furniture/Today;8/28/2006, Vol. 30 Issue 50, p21 

    The article reports on the August 11, 2006 letter of industry supplier Joan Fabrics' CEO Elkin McCallum to vendors informing them about the infusion of equity cash for the company. In his letter, McCallum states that the company has reached an agreement in principle with its senior lenders and...

  • Main Street plant closing rethought? Andrews, Susan M. // Furniture/Today;3/1/2004, Vol. 28 Issue 26, p36 

    Reports that Elkin McCallum, owner of Joan Fabrics, may be reconsidering the closing of the Main Street Textiles plant in Fall River, Massachusetts.

  • McCallum inks deal for Mexican mill. Sloan, Carole // Home Textiles Today;10/7/2002, Vol. 24 Issue 6, p28 

    Reports that Elkin McCallum, chairman of Joan Fabrics Corp. has signed a purchase and sale agreement to acquire Industrial Texel S.A. de C.V. in Tlaxcala, Mexico. Background on the acquired company; Impact of the acquisition on the firm's product offerings in the U.S.

  • Joan CEO intent on Circa purchase.  // Home Textiles Today;06/26/2000, Vol. 21 Issue 42, p2 

    Reports on Joan Fabrics Corp. chief executive Elkin McCallum's signing of a letter of intent to purchase the majority of the stock of Circa 1801, along with a small group of investors. Circa founder Joshua Schneider's role as minority shareholder; McCallum's plan to run Circa as an independent...

  • Joan Fabrics acquires Mexico Mill. Sloan, Carole // Furniture/Today;10/7/2002, Vol. 27 Issue 6, p4 

    Reports on chairman of Joan Fabrics Corp., Elkin McCallum's signing of an agreement to acquire the Industrias Texel SA de CV, a woven jacquard fabric mill in Tlaxcala, Mexico. Uses of fabrics produced by the mill; Comments of McCallum on the purpose of the acquisition; Estimated shipment of...

  • Joan Fabrics Completes Refinancing.  // Home Textiles Today;10/30/2006, Vol. 27 Issue 41, p14 

    The article reports on the completion of the refinancing process of Joan Fabrics Corp. in the U.S. Company chairman Elkin McCallum announced the completion of the signing of the agreement on the refinancing which include new term loan, debt reduction and introduction of new funds. He will also...

  • RadioShack Bonds Fall Following Refinance Agreement. Fest, Glen // High Yield Report;10/13/2014, p1 

    Investors retreated from RadioShack Corp.'s high yield bonds Monday, after the market digested details of a recapitalization agreement announced late Friday that is expected to hand over control of the nationwide retailer to two hedge funds in the coming months.

  • Detractors Downgrade Dynegy Deal. Sheahan, Matthew // High Yield Report;7/18/2011, p4 

    The article explores the downgrade received by power generator Dynegy Holdings before securing two six-year term loans for its restructuring. The reason for the downgrade according to analysts is the loans will add a new layer of senior debt that puts bondholders at a disadvantage and increases...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics