J.Jill pays down $60.4M debt, initiates $0.07 quarterly dividend; Q1 prelim sales up 7%, EBITDA $33-34M

J.Jill, Inc.

Repaid $60.4M in debt ($2.2M required + $58.2M voluntary), reducing term loan from $175M to $108M; cash balance after payment was $28.2M.
Board declared initial quarterly dividend of $0.07/share, payable June 12, 2024 to holders of record May 29, 2024.
Preliminary Q1 FY2024 net sales ~$160M (+7% YoY), Adjusted EBITDA ~$33-34M, above prior guidance of $29-33M.
Voluntary prepayment replaced expected $26.6M excess cash flow payment that was rejected by lenders.
Company intends to continue quarterly dividends, subject to market conditions and board approval.

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