Children's Place enters non-binding term sheet for $130M term loan with Gordon Brothers

Childrens Place, Inc.

Entered non-binding term sheet with Gordon Brothers for $130M term loan.
Proceeds to repay existing $50M term loan under Credit Facility and reduce vendor payables.
Loan bears interest at SOFR + 9.00% p.a., matures Nov 15, 2026; secured by IP and other assets.
Closing subject to due diligence, definitive docs, and intercreditor; expects finalize in March.
Chairman of Children's Place also serves on Gordon Brothers board.

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