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PLCE - The Children's Place enters $80M term loan agreement
Children's Place Inc. (The)
The Children’s Place (PLCE) completes $80M secured term loan financing with Crystal Financial LLC. Net proceeds to repay borrowings under the secured revolving credit facility with certain banks.Term loan is secured by a first lien on the company’s intellectual property and certain other assets, and a second lien on the assets securing the revolving credit facility.