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Jill itself has no problems. The company has about $274 million in long-term debt. Many companies with comparable debt numbers will use the IPO proceedings to service said debt, but J. Jill will not receive a cent from this offering. The money raised will go to its owner, private-equity firm TowerBrook, which is essentially cashing out now. This raises the question of why TowerBrook is doing this if J. Jill's future prospects are that bright. A Potential Buy Investors should understandably be concerned about investing in any clothing retailer under the current economic situations, but J. Jill has a lot going for it. It is a well-respected clothing chain that has thrived under new conditions, is growing and profitable, and is making its own forays into e-commerce.
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