Children’s Place has $235 million outstanding on revolver

Chicago, May 18 – Children’s Place, Inc. increased its revolving credit facility to $360 million on April 24 from $325 million, according to a press release.

The company currently has $235 million outstanding on the facility.

As of May 2, the company had about $72 million of cash and cash equivalents with no long-term debt.

On May 19, stores will reopen in 10 states after closures related to the global pandemic. More stores will reopen as state and local guidelines permit.

The specialty retailer is based in Secaucus, N.J.

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