J.Jill, Inc. Utilizes Proceeds From $31 Million Primary Equity Offering to Pay Down Debt
J. Jill, Inc. (JILL)
Last j. jill, inc. earnings: 3/4 06:45 am
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US:NASDAQ Investor Relations:
investors.jjill.com/investors-relations/overview/default.aspx
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Source: Business Wire
QUINCY, 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 Company’s 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. stated, “We are pleased to deploy the proceeds from our equity offering to further de-lever our balance sheet and reduce interest expense. Through this step and our ongoing commitment to our capital allocation priorities, we believe we are well positioned to achieve our goal of operating with positive net cash over time while continuing to invest in our growth.”About J.Jill, Inc.J.Jill is a nat
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News
- J.Jill Q2: Market Overreacted To The Lowered Guidance [Seeking Alpha]Seeking Alpha
- J.Jill, Inc. (NYSE: JILL) had its price target lowered by analysts at TD Cowen from $37.00 to $32.00. They now have a "hold" rating on the stock.MarketBeat
- J.Jill, Inc. (NYSE: JILL) had its "market perform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $38.00 price target on the stock.MarketBeat
- J.Jill, Inc. (JILL) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- J.Jill, Inc. (NYSE: JILL) had its price target lowered by analysts at Jefferies Financial Group Inc. from $44.00 to $40.00. They now have a "buy" rating on the stock.MarketBeat
JILL
Earnings
- 9/4/24 - Beat
JILL
Sec Filings
- 9/23/24 - Form 4
- 9/12/24 - Form 4
- 9/9/24 - Form 3
- JILL's page on the SEC website