---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-112591"
form_type: "8-K"
ticker: "PLCE"
cik: "0001041859"
company_name: "Childrens Place, Inc."
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T05:32:23.938129+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Children's Place enters waiver agreement for borrowing base calculation errors

## Summary
- Calculation errors in June, July, August borrowing base certificates caused technical defaults under $445M credit facility.
- Waiver and Amendment Agreement signed Oct 24, 2023; lenders waived defaults, imposed temporary reporting & payment restrictions.
- Excess availability of $75.1M (17.3%) as of Oct 14, above 10% minimum threshold; credit facility remains in effect through Nov 2026.
- No amendments to economic terms; company believes sufficient liquidity; no material impact on financial statements or operations.
- Company reviewing internal controls over financial reporting in light of errors.

## SEC filing metadata
- accession: 0001104659-23-112591
- form_type: 8-K
- ticker: PLCE
- cik: 0001041859
- company_name: Childrens Place, Inc.
- filed_at: 2023-10-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041859/000110465923112591/0001104659-23-112591-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041859/000110465923112591/tm2329427d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-112591
- JSON: https://secwatch.observer/filing/0001104659-23-112591.json
- Plain text: https://secwatch.observer/filing/0001104659-23-112591.txt

## Key facts
- Material Agreements
  Childrens Place, Inc. entered into Waiver and Amendment Agreement with lenders under its asset-based credit agreement valued at $445 million revolving credit facility through November 2026 (effective 2023-10-24).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: lenders under its asset-based credit agreement
  - Value: $445 million revolving credit facility through November 2026
  - Effective: 2023-10-24
  source text: On October 30, 2023, the Company announced it became aware of an inadvertent calculation error contained in the June, July and August monthly borrowing base certificates provided to the lenders under its asset-based credit agreement (the “Credit Agreement”), all of which have since been remedied. While the lenders determined that the errors resulted in certain technical defaults under the Credit Agreement, the Company and the lenders entered into a Waiver and Amendment Agreement (the “Waiver Agreement”) on October 24, 2023, pursuant to which the lenders waived all of the defaults and the Company agreed to certain temporary enhanced reporting requirements and temporary restrictions on certain payments.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041859/000110465923112591/0001104659-23-112591-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.