SLR Credit Solutions closed a $100 million senior secured term loan for The Children’s Place, a pure-play children’s specialty apparel retailer in North America. The term loan was made in concert with a $350 million revolving line of credit from Wells Fargo. The transaction further strengthens the company’s liquidity position and supports its long-term strategic priorities.
Proceeds from the transaction were used to repay borrowings under the company’s revolving credit facility and provide liquidity to support future growth.
“This financing marks an important milestone in our ongoing efforts to strengthen our balance sheet and position the company for sustainable growth,” John Szczpanski, chief financial officer of The Children’s Place, said. “SLR Credit Solutions understands the complexities of our business and was a great financing partner back in 2020. We look forward to resuming the relationship.”
Erica Galano, a principal at SLR Capital Partners, said, “We are excited to once again support The Children’s Place through this financing. The company’s iconic brands, strong market position and clear strategic plan give us confidence in its long-term prospects.”
