Why Children's Place Shares Are Skyrocketing Today
Why Children's Place Shares Are Skyrocketing Today
Children's apparel and accessories retailer Children's Place Inc (NASDAQ:PLCE) shares are shooting higher after the company disclosed a new financing agreement.
兒童服裝和配飾零售商Children's Place Inc（納斯達克股票代碼：PLCE）披露新的融資協議後，該公司股價飆升。
Children's Place has entered into a financing agreement with its majority shareholder, Mithaq Capital SPC, for an unsecured and subordinated $90 million term loan. The loan is expected to be funded no later than April 19, 2024.
Children's Place已與其大股東Mithaq Capital SPC簽訂了融資協議，以提供9000萬美元的無抵押和次級定期貸款。這筆貸款預計不遲於2024年4月19日到位。
The term loan is expected to strengthen the company's liquidity position on better terms than the previously announced term loan the company entered into with 1903P Loan Agent, LLC.
預計定期貸款將以比該公司先前宣佈的與1903P Loan Agent, LLC簽訂的定期貸款更好的條件來增強公司的流動性狀況。
The company intends to use the net proceeds of the New Mithaq Term Loan to repay its existing $50 million term loan and for other general corporate purposes.
該公司打算將新Mithaq定期貸款的淨收益用於償還其現有的5000萬美元定期貸款和其他一般公司用途。
The loan will mature on April 16, 2027, and will accrue interest at the Secured Overnight Financing Rate (SOFR) plus 4.00% per annum, with accruing interest payments to be deferred until April 30, 2025.
該貸款將於2027年4月16日到期，並將按擔保隔夜融資利率（SOFR）加上每年4.00％的利息累積利息，應計利息支付將推遲到2025年4月30日。
"We are pleased to have the continued support of our majority shareholder, and to have secured additional funding to address our liquidity needs on significantly more favorable terms in the aggregate than those contemplated by the Proposed Term Loan," said COO and CFO Sheamus Toal.
首席運營官兼首席財務官Sheamus Toal表示：“我們很高興得到大股東的持續支持，並獲得了額外資金，以總體上比擬議定期貸款所設想的優惠條件滿足我們的流動性需求。”
Since February 29, 2024, the company has received $168.6 million in funding from Mithaq.
自2024年2月29日以來，該公司已從Mithaq獲得1.686億美元的融資。
Price Action: PLCE shares are trading higher by 24.6% at $8.86 on the last check Wednesday.
價格走勢：在週三的最後一次支票中，PLCE股價上漲24.6％，至8.86美元。
Photo via Wikimedia Commons
照片來自維基共享資源
譯文內容由第三人軟體翻譯。