The Children’s Place Announces Receipt of the $48.6 Million Second Tranche of the Previously Announced Interest-Free Unsecured Financing Provided by Mithaq Capital

March 11, 2024

https://www.globenewswire.com/news-release/2024/03/11/2843697/7632/en/The-Children-s-Place-Announces-Receipt-of-the-48-6-Million-Second-Tranche-of-the-Previously-Announced-Interest-Free-Unsecured-Financing-Provided-by-Mithaq-Capital.html

Company Completes Previously Announced Board Reconstitution;
Douglas Edwards Expected to Serve as New Independent Director

SECAUCUS, N.J., March 11, 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 received from its majority shareholder, Mithaq Capital SPC (“Mithaq”), the second tranche of interest-free, unsecured and subordinated term loan funding contemplated by the previously announced Unsecured Promissory Note, dated February 29, 2024, entered into between Mithaq and the Company, in the amount of $48.6 million (the “Second Mithaq Term Loan”). 

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