The Children's Place Announces $90 Million in New Unsecured Financing Provided by Majority Shareholder Mithaq Capital [Yahoo! Finance]
Children's Place, Inc. (The) (PLCE)
Last children's place, inc. (the) earnings: 3/17 07:32 am
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Source: Yahoo! Finance
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 an
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PLCE
News
- Levi & Korsinsky Reminds The Children's Place Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 29, 2024 – PLCEAccesswire
- Levi & Korsinsky Reminds The Children's Place, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 29, 2024 - PLCEAccesswire
- FINAL DEADLINE TODAY: The Schall Law Firm Encourages Investors in The Children's Place, Inc. with Losses to Contact the FirmPR Newswire
- Investors who lost money on The Children's Place, Inc. (PLCE) should contact Levi & Korsinsky about pending Class Action - PLCEAccesswire
- PLCE DEADLINE TODAY: ROSEN, LEADING INVESTOR COUNSEL, Encourages The Children's Place, Inc. Investors to Secure Counsel Before Important April 29 Deadline in Securities Class Action - PLCEPR Newswire
PLCE
Earnings
- 11/16/23 - Miss
PLCE
Sec Filings
- 4/18/24 - Form SC
- 4/18/24 - Form NT
- 4/18/24 - Form 8-K
- PLCE's page on the SEC website