Children's Place Secures $15 Million Subordinated Term Loan From Mithaq, Maturing 2031
The Children's Place entered into an unsecured, subordinated promissory note for a $15.0 million term loan with Mithaq Capital to enhance liquidity. The loan bears interest at 1-month SOFR plus 9.00% per annum, payable monthly in cash with optional deferral, and matures on April 16, 2031. Proceeds…