Behind The Rise: The Children's (PLCE) Stocks See Remarkable Increase After Financing Deal
Behind The Rise: The Children's (PLCE) Stocks See Remarkable Increase After Financing Deal
The Children's Place, Inc. (NASDAQ: PLCE) shares have been seeing a significant increase of 25.46% during current trades, hitting a price of $8.92 per share. The abrupt increase in value is ascribed to the disclosure of a financing arrangement, which provided a noteworthy catalyst for the impressive rise in PLCE shares.
兒童廣場公司（納斯達克股票代碼：PLCE）的股價在當前交易中大幅上漲了25.46％，觸及每股8.92美元。價值的突然增長歸因於融資安排的披露，這爲PLCE股價的驚人上漲提供了值得注意的催化劑。
Today, The Children's Place (PLCE) unveiled a new financing agreement with its principal shareholder, Mithaq Capital SPC. This agreement entails an unsecured and subordinated $90 million term loan, scheduled for disbursement no later than April 19, 2024 (referred to as the "New Mithaq Term Loan").
今天，兒童廣場（PLCE）與其主要股東Mithaq Capital SPC公佈了一項新的融資協議。該協議涉及9000萬美元的無抵押和次級定期貸款，計劃不遲於2024年4月19日發放（稱爲 “新米薩克定期貸款”）。
The New Mithaq Term Loan is poised to bolster PLCE's liquidity position on more favorable terms compared to the previously envisaged term loan outlined in the non-binding term sheet with 1903P Loan Agent, LLC. Consequently, The Children's Place has opted not to pursue the Proposed Term Loan any further.
與1903P Loan Agent, LLC在不具約束力的條款表中概述的先前設想的定期貸款相比，新的Mithaq定期貸款有望以更優惠的條件增強PLCE的流動性狀況。因此，Children's Place選擇不再申請擬議的定期貸款。
The proceeds from the New Mithaq Term Loan are earmarked for several purposes, including the repayment of the Company's existing $50 million term loan under the Amended and Restated Credit Agreement dated May 9, 2019, the reduction of certain accounts payable balances with vendors, and allocation towards general corporate needs.
新的Mithaq定期貸款的收益專門用於多種用途，包括根據2019年5月9日的經修訂和重述的信貸協議償還公司現有的5000萬美元定期貸款，減少與供應商的某些應付賬款餘額，以及用於一般企業需求的分配。
On April 16, 2027, the New Mithaq Term Loan is scheduled to maturity. Interest will be charged at the Secured Overnight Financing Rate, or "SOFR," plus 4.00% per year. Payments for accumulated interest will not be made until April 30, 2025.
新的Mithaq定期貸款計劃於2027年4月16日到期。利息將按擔保隔夜融資利率或 “SOFR” 收取，每年加收4.00％。累計利息要到2025年4月30日才能支付。
Unlike the Proposed Term Loan, the terms of the New Mithaq Term Loan are devoid of closing, prepayment, or exit fees, typical for transactions of this nature. Furthermore, it does not entail additional reserves on borrowings under the Credit Facility, lacks certain restrictive covenants, and offers a substantially lower interest rate.
與擬議的定期貸款不同，新的Mithaq定期貸款的條款不包括此類性質的交易中常見的交易手續費、預付款費或退出費。此外，它不要求爲信貸機制下的借款提供額外的儲備，缺乏某些限制性協議，並且提供的利率要低得多。
Since February 29, 2024, The Children's Place has received a total of $168.6 million in funding from Mithaq, comprising the $90 million New Mithaq Term Loan and the previously disclosed $78.6 million in interest-free, unsecured, and subordinated term loan funding.
自2024年2月29日以來，兒童樂園已從Mithaq獲得總額爲1.686億美元的融資，其中包括9000萬美元的新Mithaq定期貸款和先前披露的7,860萬美元的無息、無抵押和次級定期貸款融資。