J.Jill entered into a transaction support agreement with lenders holding more than 70% of the company’s term loans on the principal terms of a financial restructuring that would result in a waiver of any past non-compliance with the terms of the company’s credit facilities.
According to an 8K filed with the SEC, CIT Finance and Jefferies Finance agreed to a further amendment to J.Jill’s forbearance agreement dated June 15, 2020, which extends the forbearance period by five days through Sept. 1.
According to an 8K filed with the SEC, CIT Finance and Jefferies Finance approved an extension to the existing forbearance agreements on J.Jill’s ABL and term loan credit facilities. The forbearance period was extended from July 23 to July 30.
According to an 8K filed with the SEC, J.Jill J.Jill and its lenders amended the company’s existing forbearance agreements on facilities for which CIT Finance and Jefferies Finance are serving as administrative agents.
According to a related 8K, Jefferies Finance served as administrative agent and collateral agent on a $125 million incremental first lien term loan for Everi Holdings and also arranged an amendment to the company’s existing senior secured credit facility.
Jefferies Finance acted as administrative agent and collateral agent on a $75 million debtor-in-possession facility for Internap Corporation, which filed for Chapter 11 bankruptcy.
Goldman Sachs served as both administrative and collateral agent on a joinder and amendment which established new $200 million first lien term loans for eyewear retailer National Vision.
Citizens Bank served as administrative agent on a $100 million revolving credit facility for Champion Home Builder and its new parent company Skyline Champion.
Brazos Midstream Holdings agreed to sell its Delaware Basin subsidiary companies to North Haven Infrastructure Partners II. Jefferies Finance and Royal Bank of Canada will provide $950 million in debt financing to support the transaction.
ABILITY Network closed a debt issuance totaling $545 million. Proceeds will be used to replace existing debt at lower rates and extended maturities, fund cash to the balance sheet for growth and pay a dividend to shareholders.