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Stock impact report

J.Jill Announces Transaction Support Agreement to Strengthen its Balance Sheet and Position the Company for Long-Term Growth

J. Jill, Inc. (JILL) 
Last j. jill, inc. earnings: 3/4 06:45 am Check Earnings Report
Company Research Source: Business Wire
- Term loan lenders holding greater than 70.0% of the outstanding principal amount under our term loan facility and shareholders holding a majority of the equity of the company support the financial restructuring transaction- The company is working actively with the term loan lenders to obtain the necessary consents to implement the transaction- All non-compliance with the terms of the company’s credit facilities would be waived in connection with the transaction- Transaction would provide the company with additional liquidity- J.Jill plans to meet its obligations to its vendors in full QUINCY, Mass.--(BUSINESS WIRE)--J.Jill, Inc. (NYSE JILL) (“the Company”), today announced that with the support of a majority of the Company’s shareholders, it has entered into a Transaction Support Agreement (“TSA”) with lenders holding greater than 70.0% of the Company’s term loans (“Consenting Lenders”) on the principal terms of a financial restructuring (“Transaction”) that would result in a wai Show less Read more
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