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0 0 -0.00215053763440875 -0.00215053763440875 -0.0043010752688173 -0.00215053763440856 0.0215053763440859 0.0322580645161289
Stock impact report

SLR Credit Solutions Agents Term Loan for The Children’s Place

Children's Place, Inc. (The) (PLCE) 
Last children's place, inc. (the) earnings: 3/17 07:32 am Check Earnings Report
Company Research Source: Business Wire
BOSTON--(BUSINESS WIRE)--SLR Credit Solutions (“SLR CS”) announced the closing of a $100 million senior secured term loan for The Children’s Place (the “Company”) (NASDAQ: PLCE), one of the only pure-play children’s specialty apparel retailers in North America. The term loan was made in concert with a $350 million revolving line of credit from Wells Fargo. The transaction further strengthens the Company’s liquidity position and supports its long-term strategic priorities.Proceeds from the transaction were used to repay borrowings under the Company’s revolving credit facility and provide liquidity to support future growth.“This financing marks an important milestone in our ongoing efforts to strengthen our balance sheet and position the Company for sustainable growth,” said John Szczpanski, CFO of The Children’s Place. “SLR Credit Solutions understands the complexities of our business and was a great financing partner back in 2020. We look forward to resuming the relationship.”Eric Show less Read more
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