The children's place announces the refinancing of its revolving credit facility and term loan

Secaucus, n.j., nov. 18, 2021 (globe newswire) -- the children's place, inc. (nasdaq: plce), the largest pure-play children's specialty apparel retailer in north america, today announced the refinancing of its revolving credit facility and term loan by a new lending group led by an affiliate of wells fargo. the new debt consists of a revolving credit facility with $350 million of availability and a $50 million term loan, both with five year maturities, lower interest rates, reduced reporting requirements, and increased flexibility under the covenants.
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