J Jill, Inc, the Boston, US-headquartered premier omnichannel women's apparel retailer, and its lenders have further amended the company’s existing Forbearance Agreements to extend the forbearance period, providing additional time for J Jill and its lenders to complete negotiations. The forbearance period has been extended until July 30, 2020."As previously announced, the company entered into the two existing Forbearance Agreements, as amended on July 15, 2020 with the lenders under its ABL and term loan credit facilities," J Jill said in a press release.
Under the amendments to the existing Forbearance Agreements, the respective lenders have agreed not to exercise any rights and remedies until July 30, 2020 so long as, among other things, the company otherwise remains in compliance with its credit facilities and complies with the terms of the Forbearance Agreements.
J Jill, Inc, the Boston, US-headquartered premier omnichannel women's apparel retailer, and its lenders have further amended the company's existing Forbearance Agreements to extend the forbearance period, providing additional time for J Jill and its lenders to complete negotiations. The forbearance period has been extended until July 30, 2020.#
Fibre2Fashion News Desk (RKS)