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J. Jill Gets Lenders Consent, Averting Bankruptcy Filing

Women’s clothing chain J. Jill Inc. said it has obtained a consent from lenders to extend certain maturities of its term loans, helping the struggling retailer avert a bankruptcy filing.

J. Jill had said previously that it planned to seek Chapter 11 protection if it didn’t secure the necessary consents. The company said in a statement that the agreement provides it with additional liquidity and financial flexibility to meet its obligations.