04:47 PM EDT, 06/12/2024 (MT Newswires) -- J. Jill (JILL) said Wednesday it is planning to sell 1 million shares to raise funds for debt repayment and general purposes.

The company said an affiliate of TowerBrook Capital Partners, its largest stockholder, also intends to offer 1 million shares. The investor plans to offer its underwriters a 30-day option to buy up to an additional 300,000 shares.

Shares of the company fell more than 16% in after-hours activity.

Price: 32.83, Change: -6.72, Percent Change: -16.99