SECTOR: Consumer Discretionary - Retail
CONFIRMED DATE: April 2016
ROLE: Financial Advisor to the Official Committee of Unsecured Creditors
Founded in 1982 as a surf shop, Pacific Sunwear expanded as a specialty retailer of men's and women's apparel, accessories, and footwear with nearly 600 locations. Province was hired by the official committee of unsecured creditors to scrutinize and offer alternatives to the restructuring support agreement, analyze the debtors' go-forward business plan and proposed capital structure, expose unencumbered value, and maximize recoveries thru the Chapter 11 process.