debt
confidence high
sentiment neutral
materiality 0.35
J.Jill extends ABL credit facility maturity to May 2024 and switches to SOFR
J.Jill, Inc.
- Executed Amendment No. 5 to ABL Credit Agreement with CIT Finance LLC as agent.
- Maturity extended from May 8, 2023 to May 8, 2024, subject to priming term loan condition.
- Benchmark interest rate changed from LIBOR to forward-looking SOFR.