Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Childrens Place, Inc. incurred term loan of $90 million with Mithaq Capital SPC at Secured Overnight Financing Rate plus 4.00% per annum maturing April 16, 2027.
- Instrument
- term loan
- Principal
- $90 million
- Counterparty
- Mithaq Capital SPC
- Rate
- Secured Overnight Financing Rate plus 4.00% per annum
- Maturity
- April 16, 2027
- Event
- incurrence
Exact text from the filing
On April 16, 2024, The Children’s Place, Inc. (the “Company”) and certain of its subsidiaries entered into a Shariah compliant, unsecured and subordinated promissory note (the “New Mithaq Promissory Note”) for $90 million in term loans with Mithaq Capital SPC (“Mithaq”), to be funded no later than April 19, 2024 (the “New Mithaq Term Loan”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Childrens Place, Inc. amended credit facility of Not applicable (amendment) with Credit Agreement Lenders.
- Instrument
- credit facility
- Principal
- Not applicable (amendment)
- Counterparty
- Credit Agreement Lenders
- Event
- amendment
Exact text from the filing
On April 16, 2024, the Company and certain of its subsidiaries entered into a seventh amendment to the Credit Agreement (the “Seventh Amendment”) that, among other things, permitted entering into the New Mithaq Term Loan described above and provided a permanent waiver of the change in control event of default.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Childrens Place, Inc. amended Seventh Amendment to the Credit Agreement with Wells Fargo, National Association, as Administrative Agent valued at Permanent waiver of change in control event of default and permission to enter into New Mithaq Term (effective 2024-04-16).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo, National Association, as Administrative Agent
- Value
- Permanent waiver of change in control event of default and permission to enter into New Mithaq Term
- Effective
- 2024-04-16
Exact text from the filing
On April 16, 2024, the Company and certain of its subsidiaries entered into a seventh amendment to the Credit Agreement (the “Seventh Amendment”) that, among other things, permitted entering into the New Mithaq Term Loan described above and provided a permanent waiver of the change in control event of default.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Childrens Place, Inc. entered into New Mithaq Promissory Note with Mithaq Capital SPC valued at $90 million term loan (effective 2024-04-16).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Mithaq Capital SPC
- Value
- $90 million term loan
- Effective
- 2024-04-16
Exact text from the filing
On April 16, 2024, The Children’s Place, Inc. (the “Company”) and certain of its subsidiaries entered into a Shariah compliant, unsecured and subordinated promissory note (the “New Mithaq Promissory Note”) for $90 million in term loans with Mithaq Capital SPC (“Mithaq”), to be funded no later than April 19, 2024 (the “New Mithaq Term Loan”).
View on SEC.gov