J.Jill unit makes $25 million voluntary prepayment on term loans

By Sarah Lizee

Olympia, Wash., Aug. 30 – J.Jill, Inc. subsidiary Jill Acquisition LLC made a voluntary prepayment under its priming term loan credit agreement of $25 million plus accrued interest, according to an 8-K filed with the Securities and Exchange Commission.

Wilmington Trust, NA is the administrative and collateral agent.

The company said that by making the prepayment, it is avoiding an increase to the interest rate under the credit agreement for each interest period on or after Aug. 31.

J. Jill is a Quincy, Mass.-based multichannel fashion retailer of women’s apparel, accessories and footwear.

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