Toronto acts for Bank of America, N.A. in Pier 1 Import’s CCAA and Chapter 11 proceedings

Our Toronto office acts for Bank of America, N.A. as secured lender and DIP Lender to Pier 1 Imports in its proceedings under the Companies’ Creditors Arrangement Act, recognizing foreign main proceedings under Chapter 11 of the United States Bankruptcy Code.

Pier 1 Imports commenced proceedings under Chapter 11 and under the Companies’ Creditors Arrangement Act in February 2020 to seek to restructure its affairs.

At that time the secured debt of Pier 1 Imports and its affiliates exceeded C$350m.

The team includes David Amato, Evan Cobb and Alex Schmitt.