Brief: Children's Place Inc - Entry Into A Non-Binding Term Sheet Dated February 15, 2024

Children's Place

16/02/2024 14:30

Feb 16 (Reuters) - Children's Place Inc  PLCE.O :
    * CHILDREN'S PLACE INC - ENTRY INTO A NON-BINDING TERM SHEET
DATED
FEBRUARY 15, 2024
    * NET PROCEEDS FROM TERM LOAN, AFTER DEDUCTING RELATED FEES
AND
EXPENSES TO BE USED TO REPAY COMPANY'S EXISTING $50 MILLION TERM
LOAN
    * NET PROCEEDS FROM TERM LOAN TO BE USED TO REDUCE A PORTION
OF
COMPANY'S ACCOUNTS PAYABLE BALANCES WITH VENDORS AND OTHER
GENERAL

Source text for Eikon:  ID:n0001104659-24-024729 
Further company coverage:  PLCE.O 

 ((Reuters.Briefs@thomsonreuters.com;))