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Stock impact report

J.Jill, Inc. Announces Completion of Refinancing Transaction

J. Jill, Inc. (JILL) 
Last j. jill, inc. earnings: 3/4 06:45 am Check Earnings Report
Company Research Source: Business Wire
Expects Annual Cash Interest Expense Savings of Approximately $2.0 Million QUINCY, Mass.--(BUSINESS WIRE)--J.Jill, Inc. (NYSE:JILL) (“J.Jill” or the “Company”) today announced that it has successfully completed the refinancing of its existing credit agreement with a new $75 million senior secured five-year term loan facility. The refinancing replaces the Company's previous term loan credit agreement dated April 5, 2023, providing enhanced financial flexibility and improved terms. The facility is provided by an affiliate of Manulife | Comvest Credit Partners, CCP Agency, LLC as Administrative Agent, Collateral Agent, and Sole Lead Arranger.“This refinancing demonstrates our commitment to maintaining a strong balance sheet while preserving operational and strategic flexibility,” stated Mark Webb, Chief Financial and Operating Officer of J.Jill, Inc.With the closing of this transaction and excluding the one-time impact of accelerated debt issuance costs, the Company expects annual cas Show less Read more
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