Skirting Bankruptcy, J.Jill Secures $15 Million To Pay Debts And Fund Business Plan
Retail TouchPoints
SEPTEMBER 15, 2020
The funds will provide “additional liquidity and financial flexibility” for the specialty retailer to meet its obligations to vendors and execute its business plan, the company said in a release. The terms of the current transaction are intended to result in forgiveness of past non-compliance with the company’s credit facilities.
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