J.Jill completes 2.3M share offering at $31; $31M proceeds for debt repayment

J.Jill, Inc.

Company sold 1M shares; selling stockholder (TowerBrook affiliate) sold 1.3M shares including full over-allotment.
Gross proceeds to company of $31M before expenses; net proceeds used for debt repayment and general corporate purposes.
Offering closed June 14, 2024; priced at $31.00 per share.
Company will not receive any proceeds from selling stockholder's shares.

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