---
title: "Children’s Place draws USD 15 million Mithaq term loan under USD 40 million facility"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291974794.md"
description: "The Children's Place drew $15 million from its $40 million Mithaq term loan facility. The unsecured, subordinated loan matures on April 16, 2031, with interest at one-month SOFR plus 9%. Proceeds will pay down the Wells Fargo revolving credit facility, reduce vendor payables, and support general corporate purposes. Remaining availability under the Mithaq facility is now $25 million."
datetime: "2026-07-07T20:31:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291974794.md)
  - [en](https://longbridge.com/en/news/291974794.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291974794.md)
generator: "portal-rs"
---

# Children’s Place draws USD 15 million Mithaq term loan under USD 40 million facility

-   The Children’s Place drew USD 15 million under its Mithaq Credit Facility via a Third Mithaq Promissory Note dated July 1, 2026. \* Term loan matures April 16, 2031; interest set at one-month SOFR + 9% with monthly cash payments, deferrable on notice. \* Funding cut remaining Mithaq availability to USD 25 million from a USD 40 million commitment; loan is unsecured, subordinated. \* Proceeds earmarked to pay down the Wells Fargo revolving credit facility, reduce vendor payables, support general corporate purposes. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Children’s Place Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-081293), on July 07, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**