$90 Million Unsecured Financing From Majority Shareholder Announced By Apparel Retailer
The Children's Place Secures $90 Million Lifeline from Mithaq Capital: What It Means for Investors and the Retail Landscape.
In a significant move to bolster its financial stability, The Children's Place, Inc. (Nasdaq: PLCE), a leading omni-channel children's specialty apparel retailer, has announced securing a $90 million unsecured and subordinated term loan from its majority shareholder, Mithaq Capital SPC. This strategic financial infusion is aimed at enhancing the company's liquidity position, repaying existing loans, reducing accounts payable balances, and supporting general corporate purposes. Read more about the announcement here. $Children's Place(PLCE.US$
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