Children’s Place draws $25 million subordinated term loan from Mithaq Capital SPC
PLCE•The Children’s Place drew $25 million from Mithaq Capital under a Shariah-compliant, unsecured, subordinated term loan. The funds will repay revolving credit borrowings, reduce vendor payables and support general corporate purposes.
1. Loan terms
The funding arrived Sept. 24, 2026, as the second advance under a $40 million commitment letter; remaining availability was reduced to zero. The loan matures April 16, 2031, and carries interest at one-month SOFR plus 9.00%, payable monthly, with optional deferral by notice.
2. Debt priority
The loan ranks behind obligations under the Wells Fargo revolving credit facility and the SLR term loan under an existing subordination agreement.
