QUINCY, Mass.--(BUSINESS WIRE)--J.Jill, Inc. (NYSE JILL), today announced that the Company and its lenders have further amended the Company’s existing Forbearance Agreements, dated as of June 15, 2020 (the “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 August 13, 2020.

As previously announced, the Company entered into the two Existing Forbearance Agreements, as amended on July 29, 2020 (collectively with the further amendments, the “Forbearance Agreements”) with the lenders under its ABL and term loan credit facilities. The Existing Forbearance Agreements are described in a Current Report on Form 8-K filed by the Company with the SEC on June 15, 2020, and available on the SEC’s Edgar website as well as the Company's website, which includes the full text of the agreement as an exhibit.

Under the amendments to the Existing Forbearance Agreements, the respective lenders have agreed not to exercise any rights and remedies until August 13, 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.

About J.Jill

J.Jill is a premier omnichannel retailer and nationally recognized women’s apparel brand committed to delighting customers with great wear-now product. The brand represents an easy, thoughtful and inspired style that reflects the confidence of remarkable women who live life with joy, passion and purpose. J.Jill offers a guiding customer experience through more than 280 stores nationwide and a robust e-commerce platform. J.Jill is headquartered outside Boston. For more information, please visit www.jjill.com or http://investors.jjill.com.