---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-138288"
form_type: "8-K"
ticker: "JILL"
cik: "0001687932"
company_name: "J.Jill, Inc."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T00:58:25.610251+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-138288
- form_type: 8-K
- ticker: JILL
- cik: 0001687932
- company_name: J.Jill, Inc.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1687932/000119312524138288/0001193125-24-138288-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1687932/000119312524138288/d836828d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-138288
- JSON: https://secwatch.observer/filing/0001193125-24-138288.json
- Plain text: https://secwatch.observer/filing/0001193125-24-138288.txt

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