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Stock impact report

J.Jill Obtains Necessary Consents to Implement out of Court Consensual Financial Restructuring Transaction

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 97.8% of the outstanding principal amount under our term loan facility and shareholders holding a majority of the equity of the company support the Transaction- The Transaction provides additional liquidity and the financial flexibility to continue to meet its obligations in full and continue to execute on its business plan- Transaction expected to close on or about September 30, 2020 QUINCY, Mass.--(BUSINESS WIRE)--J.Jill, Inc. (NYSE JILL) (the “Company”) today announced it has obtained the necessary consents from its term loan lenders to implement the previously announced financial restructuring transaction (“Transaction”) on an out of court basis. The Company received consents from lenders holding 97.8% of the Company’s term loans (“Consenting Lenders”) on the terms of the Transaction that are intended to result in a waiver of any past non-compliance with the Company’s credit facilities and provide the company with additional liquidity.The Company exp Show less Read more
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