Children’s Place draws USD 25 million subordinated term loan from Mithaq Capital SPC
Bitget2026/09/30 20:32Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- The Children’s Place drew USD 25 million from Mithaq Capital under a Shariah-compliant, unsecured, subordinated Fourth Mithaq Term Loan.
- Funding arrived Sept. 24, 2026 as the second advance under a USD 40 million commitment letter; remaining availability was cut to zero.
- Loan matures April 16, 2031; interest set at one-month SOFR + 9.00%, payable monthly, with optional deferral by notice.
- Proceeds earmarked to repay Wells Fargo revolving credit borrowings, reduce vendor payables, support general corporate purposes.
- Debt ranks behind obligations under the Wells revolving credit facility and the SLR term loan under an existing subordination agreement.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Children's Place Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-112357), on September 30, 2026, and is solely responsible for the information contained therein.
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