The Children's Place Secures $100 Million Term Loan from SLR Credit Solutions

Reuters12-18
The Children's Place Secures $100 Million Term Loan from SLR Credit Solutions

The Children's Place Inc., a leading children's specialty apparel retailer in North America, has secured a $100 million senior secured term loan from SLR Credit Solutions. This new financing was arranged alongside a $350 million revolving line of credit from Wells Fargo, further bolstering the company's liquidity position. The proceeds from the term loan were used to repay existing borrowings under the company's revolving credit facility and to provide additional liquidity to support future growth initiatives. Company CFO John Szczpanski highlighted that the transaction represents a significant step in strengthening the balance sheet and positioning The Children's Place for sustainable growth.

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