08:41 AM EDT, 06/24/2024 (MT Newswires) -- J. Jill (JILL) said Monday it paid down $28.8 million of its debt using proceeds from a primary equity offering completed earlier this month.

The company repaid $27.2 million of debt principal on Friday, reducing the outstanding balance under a term loan to about $81 million. Accrued interest and a 3% voluntary premium brought the total payment to $28.8 million.

Net proceeds from the primary equity offering were $31 million, according to J. Jill.

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