On November 22, 2005, Pier 1 Imports (US), Inc. entered into an asset-based, senior secured, syndicated credit facility in the aggregate amount of US$325 million, agented by Bank of America, NA. Pier 1 Imports' principal activity is the retailing of imported decorative home furnishings, gifts and related items and operates over 1,200 stores located in the US, Canada, Mexico, Puerto Rico and the UK.
Pier 1 Imports was represented in Canada by Brian Segal of Baker & McKenzie LLP, and in the US by internal counsel, Nancy Benson, with assistance from Daniel Lowry and Paul Hendry of Kelly Hart & Hallman.
Bank of America, as administrative agent and as collateral agent, was represented in Canada by Ogilvy Renault LLP with a team that consisted of Kevin Morley, David Amato and Barry Segal, and in the US by Riemer & Braunstein LLP with a team that consisted of David Berman, Robert Paul and Philip Segaloff.
Pier 1 Imports was represented in Canada by Brian Segal of Baker & McKenzie LLP, and in the US by internal counsel, Nancy Benson, with assistance from Daniel Lowry and Paul Hendry of Kelly Hart & Hallman.
Bank of America, as administrative agent and as collateral agent, was represented in Canada by Ogilvy Renault LLP with a team that consisted of Kevin Morley, David Amato and Barry Segal, and in the US by Riemer & Braunstein LLP with a team that consisted of David Berman, Robert Paul and Philip Segaloff.
