White & Case represents The Children’s Place, Inc. on chapter 11 proceedings to address more than US$500 million of liabilities

Global law firm White & Case LLP is representing The Children's Place, Inc., one of the only pure-play children's specialty retailers in North America with an omni-channel presence, on its chapter 11 proceedings to address more than US$500 million of liabilities in the US Bankruptcy Court for the District of New Jersey.

The Children's Place seeks to sell substantially all of its assets, pursuant to section 363 of the US Bankruptcy Code, and is in discussions with multiple parties regarding potential transactions that would permit the company to continue its business enterprise as a going concern and preserve the value of its brands. White & Case also advised the client in connection with a US$282 million debtor-in-possession financing facility to fund the chapter 11 process, which is to be provided by the company's existing lenders.

The White & Case team was led by Financial Restructuring and Insolvency partner Gregory Pesce (New York and Chicago) and M&A partners Richard Brand and Kiran Kadekar (both in New York). The team also included Financial Restructuring and Insolvency partners Amanda Parra Criste (Miami), Andrew O'Neill (Chicago), Andrew Zatz and Colin West, counsel Erin Smith (all in New York) and associates Varoon Sachdev, Sara McCann (both in Miami), Eric Schriesheim (New York) and Matthew Lively (Chicago); M&A partners Erica Hogan, Airi Hammalov, Kristen Rohr (all in New York) and Jalpit Amin (Chicago), and associates Sheran Sharafi, Wicy Wang (both in New York), James Heaney (Boston) and Michael Wu (Silicon Valley); Debt Finance partner Binoy Dharia and associates Jessy Van Kooten, Christian Meijling and Nick Townsend (all in New York); and law clerk Nicholas Clausen (New York).

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