---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-290745"
form_type: "8-K"
ticker: "JILL"
cik: "0001687932"
company_name: "J.Jill, Inc."
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:16:03.433326+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# J.Jill amends ABL credit facility; adds $500K inventory reserve when excess liability under $5M

## Summary
- Amendment No. 7 removes requirement for non-negotiable bill of lading to conspicuously state agent's lien.
- A $500,000 In Transit Inventory Reserve reduces the Borrowing Base during periods when Excess Liability is <$5.0M.
- No other material changes were made to the ABL Credit Agreement terms.

## SEC filing metadata
- accession: 0001193125-23-290745
- form_type: 8-K
- ticker: JILL
- cik: 0001687932
- company_name: J.Jill, Inc.
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1687932/000119312523290745/0001193125-23-290745-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1687932/000119312523290745/d645525d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-290745
- JSON: https://secwatch.observer/filing/0001193125-23-290745.json
- Plain text: https://secwatch.observer/filing/0001193125-23-290745.txt

## Key facts
- Material Agreements
  J.Jill, Inc. amended Amendment No. 7 (the "ABL Amendment") with CIT Finance LLC, as the Administrative Agent and collateral agent (effective 2023-12-01).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: CIT Finance LLC, as the Administrative Agent and collateral agent
  - Effective: 2023-12-01
  source text: On December 1, 2023, J.Jill, Inc. (the “Company”) entered into Amendment No. 7 (the “ABL Amendment”) to the ABL Credit Agreement, by and among the Company, Jill Acquisition LLC, J.Jill Gift Card Solutions, Inc. (collectively, the “Borrowers”), the other guarantors party thereto from time to time, the other Lenders party thereto from time to time and CIT Finance LLC, as the Administrative Agent and collateral agent (the “ABL Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1687932/000119312523290745/0001193125-23-290745-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.