Children's Place Secures $25 Million Term Loan

Children's Place has secured a $25 million Shariah-compliant unsecured subordinated term loan from Mithaq, with an interest rate of 1-month SOFR plus 9.00%, maturing on April 16, 2031. The funds will be used to reduce borrowings under its Wells Fargo revolver, pay down vendor payables, and for general corporate purposes.