{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-048891","form_type":"8-K","ticker":"PLCE","cik":"0001041859","company_name":"Childrens Place, Inc.","filed_at":"2024-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.999608+00:00","generated_at":"2026-06-03T17:58:12.771702+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Children's Place receives $90M unsecured loan from Mithaq; waives change-of-control default","bullets":["New $90M unsecured subordinated term loan from majority shareholder Mithaq Capital, funded April 18, 2024.","Loan matures April 16, 2027, interest at SOFR + 4.00% per annum; interest payments deferred until April 30, 2025.","Proceeds to repay $50M existing term loan, reduce accounts payable, and for general corporate purposes.","Seventh amendment to credit agreement permanently waives event of default triggered by Mithaq's change of control.","Company abandons previously planned $1903P Loan Agent term loan in favor of this better-terms financing."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-048891","json":"https://secwatch.observer/filing/0001104659-24-048891.json","markdown":"https://secwatch.observer/filing/0001104659-24-048891.md","text":"https://secwatch.observer/filing/0001104659-24-048891.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1041859/000110465924048891/0001104659-24-048891-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1041859/000110465924048891/tm2412191d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T17:58:12.771702+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2ef0c21f7b0f52f95623ba2efea8d726420a2e6f","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1041859/000110465924048891/0001104659-24-048891-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$90 million"},{"label":"Counterparty","value":"Mithaq Capital SPC"},{"label":"Rate","value":"Secured Overnight Financing Rate plus 4.00% per annum"},{"label":"Maturity","value":"April 16, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b77ac0525d9a1b234aa1a94bb6e4e90ea3b1fe7c","claim":"Childrens Place, Inc. amended credit facility of Not applicable (amendment) with Credit Agreement Lenders.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1041859/000110465924048891/0001104659-24-048891-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"Not applicable (amendment)"},{"label":"Counterparty","value":"Credit Agreement Lenders"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"1875583063db811a4ec4b42acbd9f55fc017ffe6","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1041859/000110465924048891/0001104659-24-048891-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo, National Association, as Administrative Agent"},{"label":"Value","value":"Permanent waiver of change in control event of default and permission to enter into New Mithaq Term"},{"label":"Effective","value":"2024-04-16"}],"fact_type":"material_agreement"},{"claim_id":"e4d2cd414f895765da692a04bf6ee23bbdee57db","claim":"Childrens Place, Inc. entered into New Mithaq Promissory Note with Mithaq Capital SPC valued at $90 million term loan (effective 2024-04-16).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1041859/000110465924048891/0001104659-24-048891-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Mithaq Capital SPC"},{"label":"Value","value":"$90 million term loan"},{"label":"Effective","value":"2024-04-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}