J.Jill (JILL) Pays Down $31M of Debt
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J.Jill, Inc. Utilizes Proceeds From $31 Million Primary Equity Offering to Pay Down Debt
June 24, 2024 6:45 AM EDTQUINCY, Mass.--(BUSINESS WIRE)-- J.Jill, Inc. (NYSE: JILL) today announced that it has executed a voluntary debt principal payment using net proceeds to the Company of $31 million from its primary equity offering completed on June 14, 2024.
The debt principal repaid on June 21, 2024 was $27.2 million, which reduced the amount outstanding under the Companys term loan to approximately $81 million. In addition to the principal, accrued interest and a 3% voluntary premium were paid resulting in a total payment of $28.8 million.
Claire Spofford, President and Chief Executive Officer of J.Jill, Inc.... More
