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The Children’s Place Scores Deal for $130 Million Loan

Saudi Investment Group Buys Majority Stake in Retailer With Unsolicited Offer
The Children's Place, which has a new majority shareholder, will be exiting its headquarters in Secaucus, New Jersey, this year. (CoStar)
The Children's Place, which has a new majority shareholder, will be exiting its headquarters in Secaucus, New Jersey, this year. (CoStar)
CoStar News
February 16, 2024 | 9:27 P.M.

The Children’s Place, a kids' apparel retailer that earlier this month said it needed financing to support its operations, has secured a $130 million loan and attracted a Saudi investment group that's acquired a majority of its stock.

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