Pier 1 Imports is seeking bankruptcy court approval for a wind-down of its retail operations. The company’s DIP lenders, including Bank of America and Pathlight Capital, agreed to allow Pier 1 to overdraw the DIP facility by approximately $40 million to support continued operations.
BMO Capital Markets acted as financial advisor for BMO Financial Group during the completion of its acquisition of Clearpool Group. Meanwhile, Financial Technology Partners served as financial advisor for Clearpool.
Osler’s Vancouver office extended its industry and practice coverage in mining and financial services with the addition of partners Alan Hutchison and Martha Martindale.