J.Jill refinances $75M term loan; expects ~$2M annual interest savings

J.Jill, Inc.

New $75M senior secured term loan matures Dec. 12, 2030, repaying existing April 2023 credit agreement.
Interest at Base Rate + 4.50% (4.25% after June 2026) or Term SOFR + 5.50% (5.25% after June 2026).
Annual cash interest expense savings of approximately $2.0 million, excluding one-time accelerated debt issuance costs.
Facility provided by an affiliate of Manulife | Comvest Credit Partners; CCP Agency as administrative agent and lead arranger.

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