The Company Announces That It Has Entered Into a Non-Binding Term Sheet for $130 Million Term Loan

February 16, 2024

https://www.globenewswire.com/news-release/2024/02/16/2830733/7632/en/The-Company-Announces-That-It-Has-Entered-Into-a-Non-Binding-Term-Sheet-for-130-Million-Term-Loan.html

SECAUCUS, N.J., Feb. 16, 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 entered into a non-binding term sheet with 1903P Loan Agent, LLC (“Gordon Brothers”), as Lender, Administrative Agent and Collateral Agent, (the “Term Sheet”), for a $130 million term loan (the “Term Loan”).

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