PLCE - Why Children's Place Shares Are Skyrocketing Today | Benzinga
Children’s apparel and accessories retailer Children’s Place Inc (NASDAQ:PLCE) shares are shooting higher after the company disclosed a new financing agreement.
Children’s Place has entered into a financing agreement with its majority shareholder, Mithaq Capital SPC, for an unsecured and subordinated $90 million term loan. The loan is expected to be funded no later than April 19, 2024.
The term loan is expected to strengthen the company’s liquidity position on ...