BofA, Pathlight Allow DIP Overdraw as Pier 1 Pursues Wind‑Down of Business Ops
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.
May 19, 2020
AlixPartners | Bank of America | Guggenheim Securities | Hoskin & Harcourt | Kirkland & Ellis and Osler | Pathlight Capital | Pier 1 Imports | Robert Riesbeck
Phil Neuffer