J Jill announces extended forbearance

"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.

ALCHEMPro News Desk (RKS)