J.Jill, Inc. Completes Refinancing of ABL Credit Facility
11 Mayo 2023 - 3:15PM
Business Wire
J.Jill, Inc. (NYSE:JILL) (“J.Jill” or the “Company”) today
announced that it has successfully completed the refinancing of its
Asset-Based Revolving Credit Facility (ABL), which was previously
set to expire in May 2024. The new facility comes in the form of
the sixth amendment to the ABL Credit Agreement with CIT, a
division of First Citizens Bank, as the administrative and
collateral agent. The facility is comprised of a $40 million
revolving credit facility maturing in May 2028.
Mark Webb, Chief Financial and Operating Officer of J.Jill,
Inc., stated, “With this latest refinancing, we have successfully
strengthened our balance sheet through extending the maturities for
both our ABL and Term Loan facilities, and increased the financial
flexibility we have to deliver total shareholder return.”
“CIT has had a successful relationship with J. Jill for more
than a decade and again worked closely with leadership to
understand their current needs,” said Chris Esposito, managing
director and group head for CIT's Asset-Based Lending business. "We
were pleased to deliver financing to support their ongoing
operations and future growth."
About J.Jill, Inc.
J.Jill is a national lifestyle brand that provides apparel,
footwear and accessories designed to help its customers move
through a full life with ease. The brand represents an easy,
thoughtful, and inspired style that celebrates the totality of all
women and designs its products with its core brand ethos in mind:
keep it simple and make it matter. J.Jill offers a high touch
customer experience through over 200 stores nationwide and a robust
ecommerce platform. J.Jill is headquartered outside Boston. For
more information, please visit www.jjill.com or
http://investors.jjill.com. The information included on our
websites is not incorporated by reference herein.
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and
wealth clients build financial strength that lasts. Headquartered
in Raleigh, N.C., and now celebrating the 125th anniversary of its
founding, First Citizens has built a unique legacy of strength,
stability and long-term thinking that has spanned generations.
First Citizens offers an array of general banking services
including a network of more than 550 branches in 23 states and
commercial banking expertise delivering best-in-class lending,
leasing and other financial services coast to coast. Parent company
First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S.
financial institution with more than $200 billion in assets. First
Citizens Bank, Member FDIC. Discover more at firstcitizens.com.
Forward-Looking Statements
This press release contains, and oral statements made from time
to time by our representatives may contain, “forward-looking
statements.” All statements that address activities, events or
developments that we intend, expect or believe may occur in the
future are forward-looking statements, including, among others,
statements under “Outlook” and other statements identified by words
such as “could,” “may,” “might,” “will,” “likely,” “anticipates,”
“intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,”
“continues,” “projects,” “goal,” “target” (although not all
forward-looking statements contain these identifying words) and
similar references to future periods, or by the inclusion of
forecasts or projections. Forward-looking statements are based on
our current expectations and assumptions regarding capital market
conditions, our business, the economy and other future conditions.
Because forward-looking statements relate to the future, by their
nature, they are inherently subject to a number of risks,
uncertainties, potentially inaccurate assumptions and changes in
circumstances that are difficult to predict. As a result, our
actual results may differ materially from those contemplated by the
forward-looking statements. Important factors that could cause
actual results to differ materially from those in the
forward-looking statements include, but are not limited to,
regional, national or global political, economic, business,
competitive, market and regulatory conditions, including risks
regarding: (1) our ability to successfully expand and increase
sales, including by opening new retail stores on a profitable
basis, to maintain and enhance a strong brand image, and to
optimize our omnichannel operations; (2) changes in consumer
confidence, preference and spending, and our ability to adapt to
such changes; (3) the competitive environment we operate in; (4)
post-pandemic changes in consumer behavior and the timeline of
overall economic recovery; and (5) other factors that may be
described in our filings with the Securities and Exchange
Commission (the “SEC”), including the factors set forth under “Risk
Factors” in our Annual Report on Form 10-K for the fiscal year
ended January 28, 2023. You are encouraged to read our filings with
the SEC, available at www.sec.gov, for a discussion of these and
other risks and uncertainties. We caution investors, potential
investors and others not to place considerable reliance on the
forward-looking statements in this press release and in the oral
statements made by our representatives. Any such forward-looking
statement speaks only as of the date on which it is made. J.Jill
undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future developments or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230511005817/en/
Investor Relations: Caitlin Churchill ICR, Inc.
investors@jjill.com 203-682-8200
Business and Financial Media: Ariel Kouvaras Sloane &
Company akouvaras@sloanepr.com 973-897-6241
Brand Media: Meredith Schwenk J.Jill, Inc.
media@jjill.com 617-376-4399
J Jill (NYSE:JILL)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
J Jill (NYSE:JILL)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024