J Jill Declares Transaction Support Agreement (TSA) to consolidate its Balance Sheet and Position the Company for Long-Term Growth

J Jill Declares Transaction Support Agreement (TSA) to consolidate its Balance Sheet and Position the Company for Long-Term Growth

J.Jill, Inc. has declared a Transaction Support Agreement on 1st September2020 with Consenting lenders, holding greater than 70.0% of the Company’s term loan, with the support of its majority shareholders. The agreement is based on financial restructuring (“Transaction”) that would abandon any past non-compliance through the Company’s credit facilities and provide additional liquidity. The transaction will be achieved on an out-of-court basis after the consent of the requisite term loan lenders. The out-of-court Transaction would…

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