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0 0.146739130434783 0.14945652173913 0.400815217391304 0.191576086956522 0.284239130434783 0.234375 0.455149456521739
Stock impact report

The Children’s Place Announces $90 Million in New Unsecured Financing Provided by Majority Shareholder Mithaq Capital

Children's Place, Inc. (The) (PLCE) 
Last children's place, inc. (the) earnings: 3/17 07:32 am Check Earnings Report
Company Research Source: GlobeNewswire
SECAUCUS, N.J., April 17, 2024 (GLOBE NEWSWIRE) -- The Children’s Place, Inc. (Nasdaq: PLCE), an omni-channel children’s specialty portfolio of brands with an industry-leading digital-first model, today announced that it has entered into a new financing agreement with its majority shareholder, Mithaq Capital SPC (“Mithaq”), for an unsecured and subordinated $90 million term loan, to be funded no later than April 19, 2024 (the “New Mithaq Term Loan”). The New Mithaq Term Loan will further strengthen the Company’s liquidity position on better terms in the aggregate than the previously announced term loan contemplated by the non-binding term sheet that the Company entered into with 1903P Loan Agent, LLC (the “Proposed Term Loan”). As a result of this new financing, the Company will not pursue the Proposed Term Loan any further. The Company intends to use the net proceeds of the New Mithaq Term Loan to repay the Company’s existing $50 million term loan under the Company’s Amended and Show less Read more
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