Proceedings.

Pier 1 Imports, Inc.

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Active
Proceeding
Foreign recognition (CCAA)section 46 of the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
Court
Ontario Superior Court of Justice
File
CV-20-00636511-00CL
Industry
Retail
Filings held54
Last activity3 Dec 2020
On the record2,452 days
Secured debtSubscribers
OverviewSummary updated

Pier 1 Imports, Inc. applied to the Ontario Superior Court of Justice on February 18, 2020 under section 46 of the Companies' Creditors Arrangement Act for recognition in Canada of its Chapter 11 cases, court file CV-20-00636511-00CL. As at the February 17, 2020 petition date the group carried US$376.3 million of funded secured debt: US$189,000,000 to the term loan lenders, agented by Wilmington Savings Fund Society, FSB, on a first lien over term priority collateral, and US$187,300,000 to the ABL lenders agented by Bank of America, N.A., which registered PPSA security against each Chapter 11 debtor other than PIR Trading, Inc. Holders of 63.8% of the term loan back a plan support agreement converting debt to equity, and a superpriority DIP facility of up to US$256 million was put forward.

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Case updates52 dated entries · 2 undated
#Report

The officer filed report no. Sixth Report. Pier 1's Canadian operations were wound down early in 2020 and largely unaffected by COVID-19; the Chapter 11 Debtors are implementing a confirmed liquidating plan to wind down U.S. operations and distribute sale proceeds to stakeholders.

Source: Sixth Report of the Information Officer (October 8, 2020)

#Report

The officer filed report no. Fifth Report. The report addresses the Chapter 11 Debtors' Amended Disclosure Statement and Liquidating Plan, which contemplates liquidation and pro-rata distribution of sale proceeds to creditors, with general unsecured creditors expected to recover 0%.

Source: Fifth Report of the Information Officer (July 20, 2020)

#Report

The officer filed report no. Fourth Report. The Chapter 11 Debtors obtained U.S. Court authorization to wind down operations and conduct store closing sales after failing to secure a going-concern buyer due to COVID-19's impact, with Canadian operations already wound down in March 2020; they filed an Amended Joint Chapter 11 Plan and Disclosure Statement to liquidate remaining assets and distribute proceeds to creditors.

Source: Fourth Report of the Information Officer (June 22, 2020)

#Report

The officer filed report no. Third Report. The Chapter 11 Debtors closed all Canadian stores (which will not re-open) due to COVID-19 measures, terminated substantially all Canadian employees except a retained payroll manager, but continue operating their e-commerce business and distribution centers where permitted.

Source: Third Report of the Information Officer dated April 19, 2020

Undated filings2 — no date appears on the document · show
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Claims

Administrative Claims – Proof of Claim Form — Claims process approved

PDF · Subscribers

Parties

Debtor

Pier 1 Imports, Inc.

Information officer

Alvarez & Marsal

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice HaineyOntario Superior Court of Justice7 orders, Feb 2020 – Oct 2020211 cases on record
Justice GilmoreOntario Superior Court of Justice2 orders, Mar 202068 cases on record

Counsel of record

PartyCounselFirst seenSource
ApplicantOsler, Hoskin & Harcourt LLP18 Feb 2020Order · 18 Feb 2020
CreditorABL Credit FacilityNorton Rose Fulbright Canada LLP9 Oct 2020Service list · 9 Oct 2020
CreditorAd Hoc Group of Term LoanBrown Rudnick LLP9 Oct 2020Service list · 9 Oct 2020
CreditorADMNS Meadowlands Investment CorporationWeirFoulds LLP9 Oct 2020Service list · 9 Oct 2020
CreditorChapter 11Kirkland & Ellis LLP · Kutak Rock LLP · Osler, Hoskin & Harcourt LLP9 Oct 2020Service list · 9 Oct 2020
CreditorConsultantCassels Brock & Blackwell LLP9 Oct 2020Service list · 9 Oct 2020
CreditorCPH Master Limited PartnershipAird & Berlis LLP9 Oct 2020Service list · 9 Oct 2020
CreditorDIP ABL Term AgentChoate Hall & Stewart LLP · Troutman Sanders LLP9 Oct 2020Service list · 9 Oct 2020
CreditorDIP Administrative AgentHunton Andrews Kurth LLP9 Oct 2020Service list · 9 Oct 2020
CreditorDominique MichaudRobins Appleby LLP9 Oct 2020Service list · 9 Oct 2020
CreditorIan AversaAird & Berlis LLP9 Oct 2020Service list · 9 Oct 2020
CreditorInformation OfficerStikeman Elliott LLP9 Oct 2020Service list · 9 Oct 2020
CreditorIvanhoe Cambridge, SmartCentres REIT, Triovest, RioCan REIT and Cushman & WakefieldCamelino Galessiere LLP9 Oct 2020Service list · 9 Oct 2020
CreditorJohn C. WolfBlaney McMurtry LLP9 Oct 2020Service list · 9 Oct 2020
CreditorOxford Properties and Crombie REITGardiner Roberts LLP9 Oct 2020Service list · 9 Oct 2020
CreditorPenex Kanata LtdDaoust Vukovich LLP9 Oct 2020Service list · 9 Oct 2020
CreditorPossessionKirkland & Ellis LLP18 Feb 2020Affidavit · 18 Feb 2020
CreditorZephyr Holdings LtdBoughton Law Corporation9 Oct 2020Service list · 9 Oct 2020
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
Priority classCreditorAmountSource
SecuredTerm Loan Lenders (Wilmington Savings Fund Society, FSB, as administrative and collateral agent, and lenders party thereto) · in 2 casesas of Petition Date (February 17, 2020) — First-priority lien on Term Priority Collateral (equipment, fixtures, investment property, intellectual property, owned/leased real estate) per Intercreditor Agreement dated April 30, 2014, and second lien on substantially all other assets of Pier 1 Retail and Prepetition Guarantors — Part of $376.3 million total funded secured debt; 63.8% of Term Loan Lenders support the PSA contemplating debt-to-equity conversion — debtor: Pier 1 Imports (U.S.), Inc. (Pier 1 Retail); guaranteed by Prepetition Guarantors$189M USDFirst Report of the Information Officer dated February 20, 2020
Secured
Secured

2 more claims in 1 class The stack holds Secured claims.

Every creditor and every amount, drawn to scale.

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RecoveriesAs stated in the filings

Unsecured creditors: a distribution. DIP Lenders paid in full · Term Loan Lenders a distribution.Under the planSixth Report of the Information Officer (October 8, 2020) · 8 Oct 2020

ClassCreditorClaimsRecoveryBasisSource
SecuredDIP Claims—paid in fullper the monitorSixth Report of the Information Officer (October 8, 2020) · 8 Oct 2020
SecuredDIP Lenders—paid in fullUnder the planper the monitorFourth Report of the Information Officer (June 22, 2020) · 22 Jun 2020
SecuredTerm Loan Lenders—Under the planper the monitorFourth Report of the Information Officer (June 22, 2020) · 22 Jun 2020
Preferred——Under the planper the monitorFifth Report of the Information Officer (July 20, 2020) · 20 Jul 2020
Unsecured——a distributionconditionalUnder the planper the monitorSixth Report of the Information Officer (October 8, 2020) · 8 Oct 2020

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

2 blurred figures above

The claims and what each class or creditor recovers — each as the filing states it, with its source.

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Fees and ratesAs stated in the filings

10 engagements · 2 firms — latest: Alvarez & Marsal Canada Inc., 6 Feb – 7 Oct 2020, in feesSixth Report of the Information Officer (October 8, 2020) · 8 Oct 2020

FirmPeriodHoursFeesRatesSource
Alvarez & Marsal Canada Inc.Information officerperiod 9 of 96 Feb – 7 Oct 2020Sixth Report of the Information Officer (October 8, 2020) · 8 Oct 2020
Alvarez & Marsal Canada Inc.Information officerperiod 9 of 926 Jul – 7 Oct 20204 peopleSixth Report of the Information Officer (October 8, 2020) · 8 Oct 2020
4 people — Alvarez & Marsal Canada Inc., 26 Jul – 7 Oct 2020 · 12 blurred figures
NameTitleHoursRateFees
Alan HutchensManaging Director
Melanie MacKenzieSenior Director
Ryan GruneirDirector
Andrew SterlingAnalyst
Alvarez & Marsal Canada Inc.Information officerperiod 7 of 928 Jun – 25 Jul 20203 peopleSixth Report of the Information Officer (October 8, 2020) · 8 Oct 2020
3 people — Alvarez & Marsal Canada Inc., 28 Jun – 25 Jul 2020 · 9 blurred figures
NameTitleHoursRateFees
Alan HutchensManaging Director
Melanie MacKenzieSenior Director
Andrew SterlingAnalyst
Alvarez & Marsal Canada Inc.Information officerperiod 6 of 924 May – 27 Jun 20203 peopleSixth Report of the Information Officer (October 8, 2020) · 8 Oct 2020
3 people — Alvarez & Marsal Canada Inc., 24 May – 27 Jun 2020 · 9 blurred figures
NameTitleHoursRateFees
Alan HutchensManaging Director
Melanie MacKenzieSenior Director
Ryan GruneirDirector
Alvarez & Marsal Canada Inc.Information officerperiod 5 of 919 Apr – 23 May 20204 peopleSixth Report of the Information Officer (October 8, 2020) · 8 Oct 2020
4 people — Alvarez & Marsal Canada Inc., 19 Apr – 23 May 2020 · 12 blurred figures
NameTitleHoursRateFees
Alan HutchensManaging Director
Melanie MacKenzieSenior Director
Ryan GruneirDirector
Andrew SterlingAnalyst
Alvarez & Marsal Canada Inc.Information officerperiod 4 of 915 Mar – 18 Apr 20204 peopleSixth Report of the Information Officer (October 8, 2020) · 8 Oct 2020
4 people — Alvarez & Marsal Canada Inc., 15 Mar – 18 Apr 2020 · 12 blurred figures
NameTitleHoursRateFees
Alan HutchensManaging Director
Melanie MacKenzieSenior Director
Ryan GruneirDirector
Andrew SterlingAnalyst
Alvarez & Marsal Canada Inc.Information officerperiod 3 of 923 Feb – 14 Mar 20204 peopleSixth Report of the Information Officer (October 8, 2020) · 8 Oct 2020
4 people — Alvarez & Marsal Canada Inc., 23 Feb – 14 Mar 2020 · 12 blurred figures
NameTitleHoursRateFees
Alan HutchensManaging Director
Melanie MacKenzieSenior Director
Ryan GruneirDirector
Andrew SterlingAnalyst
Alvarez & Marsal Canada Inc.Information officerperiod 2 of 918 Feb – 22 Feb 20204 peopleSixth Report of the Information Officer (October 8, 2020) · 8 Oct 2020
4 people — Alvarez & Marsal Canada Inc., 18 Feb – 22 Feb 2020 · 12 blurred figures
NameTitleHoursRateFees
Alan HutchensManaging Director
Melanie MacKenzieSenior Director
Ryan GruneirDirector
Andrew SterlingAnalyst
Alvarez & Marsal Canada Inc.Information officerperiod 1 of 96 Feb – 17 Feb 20204 peopleSixth Report of the Information Officer (October 8, 2020) · 8 Oct 2020
4 people — Alvarez & Marsal Canada Inc., 6 Feb – 17 Feb 2020 · 12 blurred figures
NameTitleHoursRateFees
Alan HutchensManaging Director
Melanie MacKenzieSenior Director
Ryan GruneirDirector
Andrew SterlingAnalyst
Stikeman Elliott LLPCounsel to the information officer12 Feb – 5 Oct 2020—16 peopleSixth Report of the Information Officer (October 8, 2020) · 8 Oct 2020
16 people — Stikeman Elliott LLP, 12 Feb – 5 Oct 2020 · 48 blurred figures
NameTitleHoursRateFees
Peter HamiltonPartner
Daphne MacKenziePartner
Elizabeth PillonPartner
Scott PerrinPartner
Maria KonyukhovaPartner
Meaghan Obee TowerPartner
Kelly NiebergallCounsel
Amy NugentSr. Counsel
Shona SinclairAssociate
Lee NicholsonAssociate
Khalfan KhalfanAssociate
Emma WalterAssociate
Lorrelei BretonClerk
Marco GarciaClerk
Madison VonkArticling Student
Jasmyn CivinClerk

167 blurred figures above

What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.

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Estate financialsReported figures — never derived

Professional fees

$223K

As at 7 Oct 2020Sixth Report of the Information Officer (October 8, 2020)

Documents
54 filings
DateDocumentFile
Information Officer’s Certificate (December 3, 2020)PDF · Subscribers
Endorsement of Justice Hainey (October 13, 2020)
  • Presiding officer Justice Hainey
PDF · Subscribers
Order (Recognition of Confirmation Order) (October 13, 2020)PDF · Subscribers
master_service_list.pdf
  • Counsel Brown Rudnick LLP
PDF · Subscribers
Sixth Report of the Information Officer (October 8, 2020)
  • Cash on hand · Disbursements · Fee schedule · Financial position Subscribers
  • + 6 more extracted facts
PDF · Subscribers
Book of Authorities (October 7, 2020)PDF · Subscribers
Factum (October 7, 2020)PDF · Subscribers
Motion Record (October 1, 2020)PDF · Subscribers
Order (Recognition of Disclosure Statement) (August 6, 2020)
  • Counsel Osler, Hoskin & Harcourt, LLP
PDF · Subscribers
Fifth Report of the Information Officer (July 20, 2020)
  • Operational summary The report addresses the Chapter 11 Debtors' Amended Disclosure Statement and Liquidating Plan, which contemplates liquidation and pro-rata distribution of sale proceeds to creditors, with general unsecured creditors expected to recover 0%.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 5 more extracted facts
PDF · Subscribers
Motion Record of Pier 1 Imports, Inc. (July 16, 2020)PDF · Subscribers
Administrative Claims – Proof of Claim InstructionsPDF · Subscribers
Fourth Report of the Information Officer (June 22, 2020)
  • Operational summary The Chapter 11 Debtors obtained U.S. Court authorization to wind down operations and conduct store closing sales after failing to secure a going-concern buyer due to COVID-19's impact, with Canadian operations already wound down in March 2020; they filed an Amended Joint Chapter 11 Plan and Disclosure Statement to liquidate remaining assets and distribute proceeds to creditors.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 5 more extracted facts
PDF · Subscribers
Information Officer’s Certificate (Reduction to D&O Charge) (June 9, 2020)PDF · Subscribers
Information Officer’s Certificate (Reduction to D&O Charge) (May 7, 2020)PDF · Subscribers
Endorsement of Justice Hainey dated April 21, 2020PDF · Subscribers
Recognition Order dated April 21, 2020
  • Counsel Osler, Hoskin & Harcourt, LLP
  • Presiding officer Justice Hainey
PDF · Subscribers
Third Report of the Information Officer dated April 19, 2020
  • Operational summary The Chapter 11 Debtors closed all Canadian stores (which will not re-open) due to COVID-19 measures, terminated substantially all Canadian employees except a retained payroll manager, but continue operating their e-commerce business and distribution centers where permitted.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Motion Record of Pier 1 Imports, Inc. (April 16, 2020)PDF · Subscribers
Endorsement of Justice Gilmore dated March 5, 2020
  • Presiding officer Justice Gilmore
PDF · Subscribers
Issued & entered Order of Justice Gilmore re Recognition Order dated March 5, 2020
  • Presiding officer Justice Gilmore
PDF · Subscribers
Second Report of the Information Officer dated March 4, 2020
  • Operational summary The report addresses recognition of the Interim Utilities Order (assuring utility payments) and the Corrected Interim NOL Order (protecting tax attributes via stock transfer restrictions), and summarizes the Information Officer's activities since appointment, without detailing broader business operations.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Motion Record of Pier 1 Imports, Inc. (March 2, 2020)
  • Applicant Pier 1 Imports, Inc.
  • Court SUPERIOR COURT OF JUSTICE
  • Court file no CV-20-00636511-00CL
  • Province ONTARIO
  • + 1 more extracted fact
PDF · Subscribers
Affidavit of G. Rotrand (affirmed February 24, 2020)PDF · Subscribers
Order of Hainey J., as issued & entered on Feb. 21, 2020, re Amended and Restated Supplemental Order (Foreign Main Proceeding)
  • Presiding officer Justice Hainey
PDF · Subscribers
Endorsement of Justice Hainey dated February 20, 2020
  • Presiding officer Justice Hainey
PDF · Subscribers
First Report of the Information Officer dated February 20, 2020
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Supplemental Application Record - IndexPDF · Subscribers
Supplemental Application Record - Tab 1 (A-J)PDF · Subscribers
Supplemental Application Record - Tab 1 (K-L)PDF · Subscribers
Supplemental Application Record - Tab 1 (M)PDF · Subscribers
Supplemental Application Record - Tab 1 (N)PDF · Subscribers
Application Record - IndexPDF · Subscribers
Book of Authorities of Pier 1 Imports, Inc. dated February 18, 2020PDF · Subscribers
Endorsement of Justice Hainey dated February 18, 2020
  • Presiding officer Justice Hainey
PDF · Subscribers
Factum of Pier 1 Imports Inc. dated February 18, 2020PDF · Subscribers
Initial Recognition Order dated February 18, 2020
  • Applicant Pier 1 Imports, Inc.
  • Counsel Osler, Hoskin & Harcourt, LLP
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV-20-00636511-00CL
  • + 1 more extracted fact
PDF · Subscribers
Notice of Recognition OrdersPDF · Subscribers
Supplemental Order dated February 18, 2020
  • Counsel How: operator-correction · Firm: Osler, Hoskin & Harcourt LLP · Corrects: firm · For role: applicant · For text: Applicant · Firm party id: 5090ff8a-5c5d-4225-83c3-8d7e3e8b6dd0 · Folded into role: a5d3553a-7677-4bc7-a063-091940ad4b40 · Was firm party id: f93c438f-7f41-4602-9d9f-07ab20097e0d
  • Presiding officer Justice Hainey
PDF · Subscribers
Tab 1 - Notice of ApplicationPDF · Subscribers
Tab 2 - Affidavit of Robert J. Riesbeck (A-B)PDF · Subscribers
Tab 3 - Affidavit of Graeme Rotrand (A-D)PDF · Subscribers
Tab 3 - Affidavit of Graeme Rotrand (E-G)PDF · Subscribers
Tab 3 - Affidavit of Graeme Rotrand (H-I)
  • Counsel Kirkland & Ellis LLP
PDF · Subscribers
Tab 3 - Affidavit of Graeme Rotrand (J-P)PDF · Subscribers
Tab 3 - Affidavit of Graeme Rotrand (Q-S)
  • Counsel Kirkland & Ellis LLP
PDF · Subscribers
Tab 3 - Affidavit of Graeme Rotrand (T-V)
  • Counsel Kirkland & Ellis LLP
PDF · Subscribers
Tab 3 - Affidavit of Graeme Rotrand (W-X)PDF · Subscribers
Tab 3 - Affidavit of Graeme Rotrand (Y-BB)PDF · Subscribers
Tab 4 - Draft Initial Recognition Order (Foreign Main Proceeding)
  • Applicant Pier 1 Imports, Inc.
  • Commencement date 18 February 2020
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Province ONTARIO
  • + 1 more extracted fact
PDF · Subscribers
Tab 5 - Draft Supplemental Order (Foreign Main Proceeding) (without schedules)PDF · Subscribers
Tab 2 - Affidavit of Robert J. Riesbeck (C-F)PDF · Subscribers
Administrative Claims – Proof of Claim FormPDF · Subscribers
E-Service ListPDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Pier 1 Imports, Inc.” (Foreign recognition (CCAA)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/pier-1-imports-inc

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Sources last checked · summary updated 1 September 2026 · Report a correction · Printed from proceedings.ca/case/pier-1-imports-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.