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.
儿童广场公司（纳斯达克股票代码：PLCE）的股价在当前交易中大幅上涨了25.46％，触及每股8.92美元。价值的突然增长归因于融资安排的披露，这为PLCE股价的惊人上涨提供了值得注意的催化剂。
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，儿童广场（PLCE）与其主要股东Mithaq Capital SPC公布了一项新的融资协议。该协议涉及9000万美元的无抵押和次级定期贷款，计划不迟于2024年4月19日发放（称为 “新米萨克定期贷款”）。
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.
与1903P Loan Agent, LLC在不具约束力的条款表中概述的先前设想的定期贷款相比，新的Mithaq定期贷款有望以更优惠的条件增强PLCE的流动性状况。因此，Children's Place选择不再申请拟议的定期贷款。
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定期贷款的收益专门用于多种用途，包括根据2019年5月9日的经修订和重述的信贷协议偿还公司现有的5000万美元定期贷款，减少与供应商的某些应付账款余额，以及用于一般企业需求的分配。
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定期贷款计划于2027年4月16日到期。利息将按担保隔夜融资利率或 “SOFR” 收取，每年加收4.00％。累计利息要到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.
与拟议的定期贷款不同，新的Mithaq定期贷款的条款不包括此类性质的交易中常见的交易手续费、预付款费或退出费。此外，它不要求为信贷机制下的借款提供额外的储备，缺乏某些限制性协议，并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日以来，儿童乐园已从Mithaq获得总额为1.686亿美元的融资，其中包括9000万美元的新Mithaq定期贷款和先前披露的7,860万美元的无息、无抵押和次级定期贷款融资。