Companies’ Creditors Arrangement Act (“CCAA”) proceedings of Payless ShoeSource Canada Inc. and Payless ShoeSource Canada GP Inc. (together with Payless ShoeSource Canada LP, the “Payless Canada Entities”)

The U.S. Debtors are the largest specialty family footwear retailer in the Western Hemisphere. The Canadian Entities comprise the Canadian operating arm of the Payless global business and sell Payless footwear and merchandise throughout Canada from 248 retail stores across 10 provinces. In February 2019, the U.S. Debtors commenced cases under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Eastern District of Missouri. In and around the same time, the Payless Canada Entities commenced proceedings under the CCAA.