J.Jill Announces Proposed Public Offering of Common Stock
12 Junio 2024 - 3:05PM
Business Wire
J.Jill, Inc. (NYSE: JILL) (“J.Jill”), a premier omnichannel
retailer and nationally recognized women’s apparel brand, today
announced a proposed offering of 2,000,000 shares of its common
stock. J.Jill intends to offer 1,000,000 shares and an affiliate of
TowerBrook Capital Partners L.P., J.Jill’s largest stockholder (the
“selling stockholder”), intends to offer 1,000,000 shares. The
selling stockholder also expects to grant the underwriters a 30-day
option to purchase up to an additional 300,000 shares of J.Jill’s
common stock.
J.Jill intends to use the net proceeds from its sale of shares
for repayment of its debt and general corporate purposes. J.Jill
will not receive any proceeds from the sale of shares by the
selling stockholder.
Jefferies, William Blair and TD Cowen are acting as joint
book-running managers for the offering. BTIG is acting as a
bookrunner for the offering. Telsey Advisory Group is acting as a
co-manager for the offering.
The securities described above are being offered pursuant to an
effective shelf registration statement that was declared effective
by the U.S. Securities and Exchange Commission (the “SEC”) on
September 25, 2023. This offering will be made only by means of a
prospectus supplement and the accompanying prospectus that forms a
part of the effective shelf registration statement.
A preliminary prospectus supplement related to the offering
(including the accompanying prospectus) will be filed with the SEC
and will be available on the SEC’s website located at www.sec.gov.
Copies of the preliminary prospectus supplement and the
accompanying prospectus may also be obtained, when available, by
contacting: Jefferies LLC, Attention: Equity Syndicate Prospectus
Department, 520 Madison Avenue, New York, New York 10022, via
telephone: (877) 821-7388 or via email:
Prospectus_Department@Jefferies.com; William Blair & Company,
L.L.C., Attention: Prospectus Department, 150 North Riverside
Plaza, Chicago, Illinois 60606, by telephone at (800) 621-0687 or
by email at prospectus@williamblair.com; or TD Securities (USA)
LLC, 1 Vanderbilt Avenue, New York, New York 10017, by telephone at
(855) 495-9846, or by email at
TD.ECM_Prospectus@tdsecurities.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
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.
Forward-Looking Statements
Certain statements contained in this press release, including
those relating to the timing, size and other terms of the offering,
the use of proceeds from the offering and other statements relating
to the offering, are forward-looking statements that involve a
number of risks and uncertainties that could cause actual results
to differ materially from those in the forward-looking statements.
These risks and uncertainties include, but are not limited to,
risks and uncertainties associated with the consummation of the
proposed offering, market conditions, general economic conditions
and other risks identified from time to time in J.Jill’s filings
with the SEC, including the factors set forth under “Risk Factors”
in J.Jill’s Annual Report on Form 10-K for the fiscal year ended
February 3, 2024, as well as the preliminary prospectus supplement
and accompanying prospectus related to the proposed offering to be
filed with the SEC. You are encouraged to read J.Jill’s filings
with the SEC, available at www.sec.gov, for a discussion of these
and other risks and uncertainties. J.Jill cautions investors,
potential investors and others not to place considerable reliance
on the forward-looking statements in this press release. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240612730361/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: J.Jill,
Inc. media@jjill.com 617-376-4399
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