The Children's Place Announces $78.6 Million of Interest-Free Unsecured New Financing to be Provided by Mithaq Capital and the Appointment of Four New Directors - Children's Place (NASDAQ:PLCE)

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The Children's Place Announces $78.6 Million of Interest-Free Unsecured New Financing to be Provided by Mithaq Capital and the Appointment of Four New Directors - Children's Place (NASDAQ:PLCE)

Proceeds of the New Financing from the Company's Majority Shareholder to Be Used to Support Operations, Including Vendor and Service Provider Payments Four New Mithaq Nominees Appointed to the Board, with Turki Saleh A. AlRajhi Named Chairman-Elect During Transition Period Company Expects to Close Previously Announced $130 Million Term Loan in March 2024; Continues to Explore Alternative Financing on No Less Favorable Terms SECAUCUS, N.J., Feb.…