Asset-based Lending

Pier 1 Imports in its Chapter 11 and CCAA Recognition Proceedings

Pier 1 Imports, Inc. (“Pier 1” and together with its affiliates, the “Pier 1 Entities”) is an omni-channel retailer specialized in unique home décor and accessories. On February 17, 2020, the Pier 1 Entities entered into a plan support agreement with a majority of...

Lead Office: Toronto Date Closed: December 3, 2020 Value: -

Cona Resources Ltd. in the change of control tender offer for its US$269.7 million 7.25% senior notes and related financing by way of a $160 million second lien term loan and a drawdown on its existing credit facility

Cona Resources Ltd. (formerly Northern Blizzard Resources Inc.) completed a change of control tender offer for its US$269.7 million outstanding 7.25% Senior Notes due 2022 and notified holders of remaining untendered notes that such notes will be redeemed on August 31, 2017. The purchase of notes...

Lead Office: Calgary Date Closed: July 28, 2017 Value: US$269.7 million

Panavision Canada in connection with its syndicated ABL facilities led by Bank of America

On February 5, 2016, Panavision Inc. and its United States, Canada, United Kingdom and Australia subsidiaries closed their syndicated ABL credit facilities extended by a group of lenders led by Bank of America. Panavision is an international motion picture equipment company specializing in...

Lead Office: Toronto Date Closed: February 5, 2016 Value: -

Royal Bank of Canada in its $225 million asset-based revolving credit facility to Northern Crane Group

On August 25, 2014, Northern Crane Group announced the closing a $225 million asset-based revolving credit facility provided by a syndicate of lenders led by Royal Bank of Canada and the issuance of secured notes led by RBC Capital Markets, LLC, as initial purchaser. Osler represented Royal...

Lead Office: Toronto Date Closed: August 25, 2014 Value: $225 million