Skirting Bankruptcy, J.Jill Secures $15 Million To Pay Debts And Fund Business Plan
Retail TouchPoints
SEPTEMBER 15, 2020
While a raft of non-essential retailers have succumbed to Chapter 11 bankruptcy since the pandemic forced store shutdowns, J.Jill has reached a definitive agreement with its lenders to avoid that fate in an out-of-court settlement. Term loan lenders holding 97.8% Completion of the transaction, expected to close on or about Sept.
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