The children's place announces the expansion of its revolving credit facility from $350 million to $445 million

Secaucus, n.j., june 05, 2023 (globe newswire) -- the children's place, inc. (nasdaq: plce), the largest pure-play children's specialty apparel retailer in north america, today announced the expansion of its revolving credit facility from $350 million to $445 million. the fifth amendment to the company's credit agreement also replaces libor as the interest rate benchmark with the sofr interest rate benchmark, and updates the interest rates to reflect current market terms.
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