NasdaqGS:PLCESpecialty Retail
Does Children’s Place (PLCE) New Credit Lifeline Clarify Its Turnaround Strategy or Complicate the Risks?
Earlier this week, SLR Credit Solutions closed a US$100 million senior secured term loan for The Children’s Place, alongside a US$350 million revolving credit facility from Wells Fargo, bolstering the retailer’s liquidity after using proceeds to repay existing borrowings and fund future initiatives.
This financing arrives just after The Children’s Place reported its third consecutive quarterly loss and a 13% year-on-year sales decline, underlining the tension between its funding needs and...