J.Jill (JILL) Announces Proposed 2M Share Offering

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J.Jill Announces Proposed Public Offering of Common Stock

June 12, 2024 4:05 PM EDT

QUINCY, Mass.--(BUSINESS WIRE)-- J.Jill, Inc. (NYSE: JILL) (J.Jill), a premier omnichannel retailer and nationally recognized womens apparel brand, today announced a proposed offering of 2,000,000 shares of its common stock. J.Jill intends to offer 1,000,000 shares and an affiliate of TowerBrook Capital Partners L.P., J.Jills largest stockholder (the selling stockholder), intends to offer 1,000,000 shares. The selling stockholder also expects to grant the underwriters a 30-day option to purchase up to an additional 300,000 shares of J.Jills common stock.

J.Jill intends to use the net... More