On February 10, 2023, BBB Canada Limited (the “Applicant”) made an application to the Ontario Superior Court of Justice (Commercial List) (the “Court”) and was granted an order (the “Initial Order”), which, among other things, provides for a stay of proceedings pursuant to the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”).

Although Bed Bath & Beyond Canada L.P. (“BBB LP” and together with the Applicant, “BBB Canada”) is not an applicant in the CCAA Proceedings, the stay of proceedings and other benefits of the Initial Order were extended to BBB LP.

Pursuant to the Initial Order, Alvarez & Marsal Canada Inc. was appointed as monitor (the “Monitor”) of the business and financial affairs of the Applicant.