TCR_Public/160225.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, February 25, 2016, Vol. 20, No. 56

                            Headlines

99 CENTS: Bank Debt Trades at 40% Off
ABENGOA BIOENERGY: Case Summary & 50 Largest Unsecured Creditors
ABENGOA BIOENERGY: Files for Chapter 11 with $1.2-Bil. in Debt
ABENGOA BIOENERGY: Seeks to Convert Involuntary Ch. 7 Cases
ALBERTSONS CO: Ex-Workers Complain Non-payment of Compensation

ALL PHASE STEEL: Case Summary & 20 Largest Unsecured Creditors
ALPHA NATURAL: State Street Has 0.04% Equity Stake
AMERICAN AIRLINES: Bank Debt Trades at 3% Off
ARCH COAL: Committee Seeks to Undo Interim DIP Order
ARCH COAL: Court Approves Wyoming Environment Pact

ARCH COAL: Creditors Offer Alternative $100-Mil. DIP Financing
ARCH COAL: Russell R. Johnson III Files Verified Statement
ARCH COAL: State Street Has 0.3% Equity Stake
ASPEN GROUP: Released From DoE's Letter of Credit Requirement
AVAGO TECHNOLOGIES: Bank Debt Trades at 2% Off

BAILEY TOOL: U.S. Trustee Forms Three-Member Committee
BATS GLOBAL: S&P Revises Outlook to Stable & Affirms 'BB-' Rating
CAESARS ENTERTAINMENT: Loss Narrows in Fourth Quarter 2015
CASA EN DENVER: Has Access to Cash Collateral Until March 22
CASPIAN SERVICES: Incurs $16.8 Million Net Loss in Dec. 31 Qtr.

CEQUEL COMMUNICATIONS: Bank Debt Trades at 2% Off
CHESAPEAKE ENERGY: To Cover $500-Mil. Debt Tab
CHINA GINSENG: Incurs $1.77 Million Net Loss in Second Quarter
CLEARWATER PAPER: S&P Raises CCR to 'BB+', Outlook Stable
CLEVELAND BIOLABS: Reports 2015 Financial Results

COFFEE CREEK: Case Summary & 4 Unsecured Creditors
CONDADO RESTAURANT: Case Summary & 21 Largest Unsecured Creditors
COUDERT BROTHERS: Orrick to Pay $165K to Settle China Biz Licenses
CURTIS JAMES JACKSON: Says Creditors' Plan Indentured Servitude
DETROIT, MI: Schools Hit Debt Limit, Risk Being Unable to Pay Bills

DEX MEDIA: Bank Debt Trades at 66% Off
DORAL FINANCIAL: Committee Seeks to Hire McConnell as Tax Counsel
EDGEWELL PERSONAL: Moody's Lowers CFR to Ba2, Outlook Stable
EFT HOLDINGS: Posts $11.5 Million Net Income for Third Quarter
EIDOS LLC: 341 Meeting of Creditors Set for March 10

EMERALD INVESTMENTS: Liquidating Plan Declared Effective
ENERGY FUTURE: Watchdog Says Chapter 11 Fees at $300M and Rising
EXELIXIS INC: State Street Reports 3.9% Stake as of Dec. 31
EXTREME PLASTICS: Citizens Bank OKs Cash Use Until March 11
FAIRPOINT COMMUNICATIONS: Bank Debt Trades at 2% Off

FIRST DATA: Bank Debt Due 2018 Trades at 2% Off
FIRST DATA: Bank Debt Due 2022 Trades at 3% Off
FORTESCUE METALS: Bank Debt Trades at 33% Off
FPMC SAN ANTONIO: Seeks to Employ CBRE as Real Estate Broker
FPMC SAN ANTONIO: Seeks to Retain Battaglia as Counsel

GBG RANCH: Court Issues Final Decree to Close Case
GENIUS BRANDS: Signs Distribution Agreement with Sony Pictures
GRAHAM HOLDINGS: S&P Withdraws 'B' Corporate Credit Rating
GULF PACKAGING: Illinois Judge Confirms Uncontested Plan
GULF PACKAGING: Liquidating Plan Declared Effective Jan. 22

GULF PACKAGING: Xsys Seeks Payment of $62K Admin. Expense Claim
H. KREVIT AND COMPANY: Committee May Hire Gavin/Solmonese
H. KREVIT AND COMPANY: Files Amended Schedules of Assets & Debt
H. KREVIT AND COMPANY: Siegel O'Connor Approved as Labor Counsel
H. KREVIT AND COMPANY: Wants to Hire Environmental Consultant

INEOS GROUP: Bank Debt Due 2018 Trades at 4% Off
INEOS GROUP: Bank Debt Due 2022 Trades at 6% Off
INFORMATICA CORP: Bank Debt Trades at 7% Off
INTERNATIONAL TECHNICAL: Chairman Paid for Osborn Retainer
INTERNATIONAL TECHNICAL: Morris Anderson Approved as Fin'l Advisor

INTERNATIONAL TECHNICAL: Panel Taps KRyS Global as Fin'l Advisor
INTERNATIONAL TECHNICAL: Stinson Leonard Okayed as Panel Counsel
KALOBIOS PHARMACEUTICALS: Okayed to Pay $198K in Employee Bonuses
LA CASA DE LA RAZA: Case Summary & 16 Unsecured Creditors
LATTICE SEMICONDUCTOR: S&P Lowers CCR to 'B', Outlook Stable

MAGNUM HUNTER: Can Employ BDO USA as Accountant
MAGNUM HUNTER: Committee Can Retain Cole Schotz as Co-Counsel
MAGNUM HUNTER: Equity Holders Want More Info on Plan Valuations
MAPLE BANK: To Wind Up Canadian Biz; KPMG Named as Liquidator
MEDIASHIFT INC.: Cash Use for Gap Period Approved

MEDIASHIFT INC: $425K Postpetition Financing Approved
MERCURY SIGNS: Voluntary Chapter 11 Case Summary
MOLYCORP INC: Bondholders Not Part of Settlement, Lawyer Says
MOLYCORP INC: Oaktree, Creditors Reach Bankruptcy Deal
MOLYCORP INC: Reports Foreign Units' Earnings Thru Dec. 2015

MOTORS LIQUIDATION: Won't Pursue Avoidance Action Claims Amendment
MULTIPLAN INC: Bank Debt Trades at 3% Off
NEIMAN MARCUS: Bank Debt Trades at 14% Off
P.F. CHANG: S&P Revises Outlook to Negative & Affirms 'B-' CCR
PACIFIC SANDS: Provides Update on Corporate Wide Reorganization

PARAGON OFFSHORE: April 6 Hearing on Disclosure Statement
PEABODY ENERGY: Bank Debt Trades at 57% Off
PEABODY ENERGY: Coal Bankruptcies May Leave Cleanup to Taxpayers
PETSMART INC: Bank Debt Trades at 4% Off
PHOTOMEDEX INC: To Sell Consumer and Professional Businesses

POSITRON CORP: Joseph Oliverio Quits as President and Chairman
QUICKSILVER RESOURCES: Canada Unit Has Forbearance Until April 1
RADIO SYSTEMS: S&P Affirms 'B' CCR & Revises Outlook to Negative
RESTAURANT ASSOCIATES: Case Summary & 13 Unsecured Creditors
RESTAURANTS ACQUISITION: 341 Meeting Adjourned to March 1

RIVERBED TECHNOLOGY: Bank Debt Trades at 2% Off
ROBERT SIMON: 3rd Cir. Says Debtors Could Have Understood Subpoena
RYCKMAN CREEK: 341 Meeting of Creditors Set for March 10
RYCKMAN CREEK: U.S. Trustee Forms Five-Member Committee
SAMUEL E. WYLY: Says Too Late for IRS to Collect Tax Deficiencies

SANTA FE GOLD: March 8 Hearing on Bid to Dismiss Case
SBP HOLDING: S&P Lowers CCR to 'CCC+', Outlook Stable
SEMLER SCIENTIFIC: Dismisses Chief Financial Officer
SFX ENTERTAINMENT: 341 Meeting of Creditors Set for March 11
SFX ENTERTAINMENT: U.S. Trustee Forms Seven-Member Committee

SPORTS AUTHORITY: Moody's Lowers PDR to Ca-PD/LD, Outlook Neg.
STEREOTAXIS INC: Reports 2015 Q4 and Full Year Financial Results
STUDENT AID CENTER: Files for Chapter 7 Bankruptcy
SUMMIT MATERIALS: S&P Assigns B Rating on New $250MM Unsec. Notes
SUNTECH AMERICA: Plan Confirmation Hearing Today

SUPERVALU: Bank Debt Trades at 5% Off
SURGICAL SPECIALTIES: S&P Withdraws 'B' Corporate Credit Rating
TECK RESOURCES: Moody's Lowers CFR to B3, Outlook Negative
TENET HEALTHCARE: Incurs $140 Million Net Loss in 2015
TOP DRAWER: Case Summary & 3 Unsecured Creditors

TRINSEO MATERIALS: Bank Debt Trades at 3% Off
UNIVISION COMMUNICATIONS: S&P Affirms 'B' CCR, Outlook Positive
VALEANT PHARMACEUTICALS: Moody's Affirms Ba3 CFR, Outlook Negative
VANTAGE DRILLING: Bank Debt Trades at 84% Off
VARIANT HOLDING: Sec. 341 Meeting Continued to Mar. 4

VARIANT HOLDING: Seeks to Extend Schedules Deadline
VICTORY HEALTHCARE: Plan Confirmation Hearing on March 21
VICTORY HEALTHCARE: Proposes Joint Plan of Liquidation
WALTER ENERGY: Balks at Coal Act Funds' Bid to Stay Pending Appeal
WELLNESS CENTER: Incurs $542,000 Net Loss in Dec. 31 Quarter

WEST COAST: Case Converted to Chapter 7 Proceeding
WOOD RESOURCE: Seeks to Retain ChildersLaw as Counsel
XO HOLDINGS: S&P Puts 'B' CCR on CreditWatch Positive
ZAYO GROUP: Bank Debt Trades at 2% Off
[*] Conway MacKenzie's R.J. Prossner Receives CIRA Certification

[*] Funds Say Court Forgot Baker Donelson Fraud Row Argument
[*] GOP Attys Would Likely Back Sri Srinivasan to Replace Scalia
[*] MoFo Adds Jonathan Levine as Business Restructuring Partner
[*] Squire Patton Boggs and Carroll, Burdick to Combine
[*] Williams & Connolly Takes Chance on Zach Warren

[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

99 CENTS: Bank Debt Trades at 40% Off
-------------------------------------
Participations in a syndicated loan under which 99 Cents Only
Stores is a borrower traded in the secondary market at 59.67
cents-on-the-dollar during the week ended Friday, Feb. 12, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 1.33 percentage points from the
previous week.  99 Cents pays 350 basis points above LIBOR to
borrow under the $0.614 billion facility. The bank loan matures on
Jan. 13, 2019 and carries Moody's Caa1 rating and Standard & Poor's
B- rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Feb. 12.


ABENGOA BIOENERGY: Case Summary & 50 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

  Debtor                                                Case No.
  ------                                                --------
  Abengoa Bioenergy US Holding, LLC                     16-41161
     fka Abengoa Bioenergy US Holding, Inc.
  16150 Main Circle Drive, Suite 300
  Chesterfield, MO 63017-4689

  Abengoa Bioenergy of Nebraska, LLC                    16-41163

  Abengoa Bioenergy Company, LLC                        16-41165

  Abengoa Bioenergy Trading US, LLC                     16-41167

  Abengoa Bioenergy Engineering and Construction, LLC   16-41168

  Abengoa Bioenergy Outsourcing, LLC                    16-41171

Type of Business: Engineering and Clean Technology Company

Chapter 11 Petition Date: February 24, 2016

Court: United States Bankruptcy Court
       Eastern District of Missouri (St. Louis)

Judge: Hon. Kathy A. Surratt-States

Debtors'          Richard A. Chesley, Esq.
General           DLA PiIPER LLP (US)
Counsel:          203 North LaSalle Street, Suite 1900
                  Chicago, IL   60601
                  Tel: 312.368.4000
                  Fax: 312.236.7516
                  E-mail: richard.chesley@dlapiper.com
              
                     - and -

                  Craig R. Martin, Esq.
                  DLA PIPER LLP (US)
                  1201 North Market Street, Suite 2100
                  Wilmington, DE   19801
                  Tel: 302.468.5700
                  Fax: 302.394.2341
                  E-mail: craig.martin@dlapiper.com

Debtors'          Richard W. Engel, Jr., Esq.
Co-Counsel:       ARMSTRONG TEASDALE LLP
                  7700 Forsyth Blvd., Suite 1800
                  St. Louis, MO 63105
                  Tel: (314) 621-5070
                  E-mail: rengel@armstrongteasdale.com

Debtors'          
Financial
Advisor:          ALVAREZ & MARSAL NORTH AMERICA, LLC

Debtors'
Investment
Banker:           LAZARD

Debtors'
Claims Agent:     PRIME CLERK LLC

Total Assets: $1.3 billion as of Petition Date

Total Liabilities: $1.2 billion as of Petition Date

The petitions were signed by Antonio Jose Vallespir de Gregorio,
president & CEO.

List of Debtors' 50 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Societe Generale                   Loan Facility   $1,454,267,983
Sucursal en Espana,
as Agent
Torre Picasso
Plaza de Pablo Ruiz
Picasso, 1, 28020
Madrid

Deutsche Trustee                   $650MM 8.875%     $650,000,000
Company Limited,                     due 2017
as Trustee
Winchester House
1 Great Winchester Street
London EC2N 2DB
United Kingdom

Deutsche Trustee Company            EUR 550MM        $605,495,000
Limited, as Trustee                 8.875% due
Winchester House                       2018
1 Great Winchester Street
London EC2N 2DB
United Kingdom

Deutsche Trustee Company Limited     EUR 500         $550,450,000
as Agent                            8.50% Due
Winchester House                       2016
1 Great Winchester Street
London EC2N 2DB
United Kingdom

Deutsche Trustee Company Limited    EUR 500mm        $550,450,000
as Trustee                          6% Due 2021
Winchester House
1 Great Winchester Street
London EC2N 2DB
United Kingdom

Deutsche Bank Trust                 $450 MM          $450,000,000
Company Americas                   7.75% due
60 Wall Street                      2020
MSNYC 60-2710
New York, New York
10005
U.S.A.

Deutsche Trustee Company           EUR 375MM         $412,837,500
Limited, as trustee              7.0% due 2020
Winchester House
1 Great Winchester Street
London EC2N 2DB
United Kingdom

Deutsche Trustee Company          $300 million       $300,000,000
Limited, as Trustee               6.5% Senior
Winchester House                 Notes Due 2019
1 Great Winchester Street        Issued by Abengoa
London EC2N 2DB                  Greenfield, S.A.
United Kingdom

Deutsche Trustee Company         EUR 265 Million     $291,738,500
Limited, as Trustee              5.5% Senior Notes
Winchester House                 Due 2019 issued
1 Great Winchester Street        by Abengoa
London EC2N 2DB                  Greenfield S.A.
United Kingdom

Deutsche Bank AG                 EUR 400 MM          $178,015,530
London Branch, as                6.25% Convertible
fiscal agent                     Notes Due 2019
Winchester House
1 Great Winchester Street
London E2NC 2DB
United Kingdom

Banco Popular Espanol, S.A.      EUR 125 million     $137,612,500
c/ Velazquez, 34                 Revolving Facility
28001 Madrid Spain

Agensynd, S.L.                   EUR 106 million     $116,695,400
Velazquez 78                     loan with final
4 Derecha                        maturity date
28001 Madrid Spain               of 17 March 2016

European Investment Bank         EUR 125 million      $82,745,846
98-100 Blvd Konrad Adenauer        facility
Luxembourg, L-2950
Luxembourg

The Receivables Exchange             Trade            $78,187,559
100 Park Avenue
30th Floor
New York, NY 10017

El Instituto Credito Official    EUR 30 million       $32,870,672
Jaime Cervera/Conchi              ICO financing
Berrocal
Department of Operations
Paseo del Prado, 4
28014 Madrid Spain

Banco Popular                         PPB             $31,018,431
Fernandez y Gonzalez 4
41001 Sevilla, Spain

HSBC                                  PPB             $25,384,365
P.O. Box 9
Bufallo, New York 14240

Santander Spain                       PPB             $24,296,720
Edif. Pedrena - Planta S1
Av. Gran Via de Hortaleza 3
28033, Madrid, Spain

Cargill Americas, Inc.               Trade            $22,200,000
2525 Ponce de Leon
Bldvd
Coral Gables, FL 33134

Royal Bank of Scotland                PPB             $22,074,593
101 Park Avenue
New York NY 10178

Bankia - ABC Line                     PPB             $12,484,030
C/Gabriel Garcia
Marquez 1
28232 Las Rozas

Banco de Brasil                       PPB             $12,358,292
Banco de Brasil, New York
Branch
8325 S Park Circle, Suite 140
Orlando, FL 32819

La Caixa                              PPB             $10,164,964
Avda. de la Palmera-Edificio La
Caixa, s/n
41013 Sevilla Spain

Cargill Trade and Structured         Trade             $8,513,141
Finance
9350 Excelsior Blvd
Hopkins MN 55343

1000-1100 Wilson Owner, LLC           Rent             $5,300,000
1100 Wilson Blvd
Arlington, VA 22209

Silicon Valley Bank                  Trade             $5,000,000
380 Interlocken Crescent
Ste. 600
Broomfield, CO 80021

CHS                                  Trade             $4,969,461
P.O. Box 82289
Lincoln, NB 68501-2289

Citibank                             PPB               $4,061,382
2800 Post Oak Blvd, Suite 400
Houston, TX 77056

Gavinlon GR                         Trade              $3,076,494
1331 Capitol Ave
Omaha NB 68102

BNSF Railway Company                Trade              $2,401,985
PO Box 847574
Dallas TX 75284-7574

BakerCorp                         Litigation           $1,928,000
2400 S Cedar
Borger, TX 79007

Encore Energy Services, Inc.        Trade              $1,779,374
11807 Q Street Suite 1
Omaha NB 68137

Trinity Industries Leasing          Trade              $1,500,072
Company
2525 Stemmons Freeway
Philadelphia PA 19175-0131

The Andersons, Inc.                 Trade              $1,451,857
303 W 19th St
Kearney NE 68848

Central Valley Ag Cooperative       Trade              $1,434,874
PO Box 429
York NE 68467

Comerica Bank                        PPB               $1,133,212
39200 Six Mile Road
Livonia, Michigan 48152

Spanish Comisario Bondholders SL    Notes Due          $1,100,900
Av. Francia 17, A, 1                 2017   
Valencia 46023 Spain

Farmers Cooperative-Dorchester      Trade              $1,015,230
208 West Depot
Dorchester NE 68433-0263

Buffalo County Treasurer             Tax                 $909,114
PO Box 1270
Kearney, NE 68848-1270

Aurora Coop Elevator Co.            Trade                $899,484
P.O. Box 209
Aurora, L 68818

GATX Rail - Locomotive Rental       Trade                $759,037
222 West Adams Street
Chicago IL 60606

Interstate Commodities, Inc.        Trade                $725,307
7 Madison Street
Troy NY 12180

Novozymes North America, Inc.       Trade                $719,074
PO Box 576
Franklinton NC 27525

The Andersons Inc. - Rail           Trade                $557,447
NW 6172
PO Box 1450
Minneapolis MN 55485-6172

Banco Santander                      PPB                 $441,849
P.O. Box 362589
San Juan PR 00936-2589

Farmers Coop Assoc of               Trade                $312,186
Ravenna NE
35885 Ravenna Road
Ravenna NE 68869

Nalco Company                       Trade                $283,375
P.O. Box 70716
Chicago IL 60673-0716

York County Treasurer                Tax                 $270,448
510 N. Lincoln Avenue
York, NE 68467

Danisco US Inc.                     Trade                $265,631
PO Box 7247-8528
Philadelphia PA 19170-8528

Bearing Headquarters Co.            Trade                $263,263
PO Box 6267
Broadview IL 60155


ABENGOA BIOENERGY: Files for Chapter 11 with $1.2-Bil. in Debt
--------------------------------------------------------------
Abengoa Bioenergy US Holding, LLC and five other U.S. units of
Spanish engineering and renewable energy giant Abengoa Bionergia,
S.A., sought Chapter 11 bankruptcy protection on Feb. 24, 2016, in
St. Louis, Missouri, listing $1.2 billion in debt.

Abengoa S.A., which is desperate for funding and is in talks with
creditors on the terms of a viability plan that would help it avoid
bankruptcy, has pursued a Chapter 11 restructuring for its U.S.
units after creditors tried to force two units to liquidate under
Chapter 7 bankruptcy early February.

The Debtors that have sought Chapter 11 bankruptcy protection are:

    a) Abengoa Bioenergy US Holding, LLC ("ABUS"), a limited
       liability company organized under the laws of Missouri
       that indirectly owns the other US entities of Abengoa
       Bioenergy through its ownership of nondebtor Abengoa
       Bioenergy Operations, LLC. ABUS is a corporate guarantor
       on many of the other Debtors' obligations.

    b) Abengoa Bioenergy Company, LLC ("ABC"), a limited
       liability company organized under the laws of the state of
       Kansas. This is the oldest company in the US of Abengoa
       Bioenergy. ABC operated three ethanol plants located in
       Portales, New Mexico; Colwich, Kansas and York, Nebraska.
       As of the Petition Date, ABC has 59 employees and
       operations at all three ethanol plants have been idled due
       to working capital issues. ABC is the main entity that
       manages the Debtors' cash and as a result, it has many
       liabilities but also has several corresponding
       intercompany receivables owed to it by the other Debtors.
       ABC is also a guarantor of corporate debt of Abengoa and
       Related entities.

    c) Abengoa Bioenergy of Nebraska, LLC ("ABNE"), a limited
       liability company organized under the laws of the state
       of Nebraska.  ABNE owns an ethanol plant in Ravenna,
       Nebraska. Due to working capital issues, the plant's
       operations were idled in the last quarter of 2015. ABNE is
       also a guarantor of corporate debt of Abengoa and related
       entities.

    d) Abengoa Bioenergy Engineering & Construction, LLC
       ("ABEC"), a limited liability company organized under the
       laws of the state of Missouri. ABEC has three employees
       and provides engineering and consulting services.

    e) Abengoa Bioenergy Trading US, LLC ("ABT"), a limited
       liability company organized under the laws of the state
       of Missouri. ABT employs about thirteen employees who
       mainly manage, among other matters, grain purchases for
       Abengoa Bioenergy's plants, main supplies procurement
       services, and manage the sale, marketing and logistics of
       ethanol that the plants produce.

    f) Abengoa Bioenergy Outsourcing, LLC ("ABO"), a limited
       liability company organized under the laws of the state
       of Missouri. This entity employs thirty-eight employees
       used in the Debtors' operations and thus is the primary
       entity that either leases employees to the other Debtors
       or employs people directly for use in the Debtors'
       operations.

As of the Petition Date, the Debtors, on a consolidated basis, own
assets of approximately $1.3 billion.  As of the Petition Date, the
Debtors had aggregate liabilities of approximately $1.2 billion.
In addition, Abengoa Bioenergy Company, LLC ("ABC") and Abengoa
Bioenergy of Nebraska, LLC ("ABNE") are each guarantors on notes
issued by Abengoa, S.A., Abengoa Finance, S.A.U, or Abengoa
Greenfield, S.A. in the approximate amount of $6.86 billion.

The Debtors' revenue for the period ending Dec. 31 2015 was
approximately $366 million.

                         First Day Motions

The Debtors have filed or expect to file a number of First Day
Motions, customary in bankruptcy cases such as these, designed to
minimize the adverse effects of the commencement of the bankruptcy
cases on their ongoing business operations.

The First Day Motions seek authority to, among other things,
continue to pay employee compensation and benefits in order to
maintain morale and retention as the Debtors transition into
chapter 11, thus avoiding the potential for catastrophic "brain
drain"; ensure the continuation of the Debtors' cash management
systems and other business operations without interruption; provide
the Debtors the ability to pay certain critical vendors and certain
other vendors who could assert liens against the Debtors property;
and to provide adequate assurance of future performance to their
utility providers.

A first day hearing before U.S. Bankruptcy Judge Kathy A.
Surratt-States is scheduled for March 2 at 10:00 a.m.

A copy of the affidavit in support of the First Day Motions is
available for free at:

   http://bankrupt.com/misc/Abengoa_12_1st_Day_Affidavit.pdf

                        Four Ethanol Plants

Collectively, the Debtors own, operate, and/or service four ethanol
plants: Ravenna, York, Colwich, and Portales.

Having negotiated DIP financing to provide the necessary liquidity,
Debtors intend to resume operations in their most profitable
ethanol plants, Ravenna and York.  Resumption of ethanol plant
operations will generate value to the Debtors' estates and provide
recovery for its creditors. In fact, other plants in Nebraska
continue to operate in the current market environment.  Indeed, the
Debtors believe that operating both Ravenna and York will not only
stabilize the Debtors' operations, but will maximize the value of
these estate for the creditors through either a going-concern sale
under Section 363 of the Bankruptcy Code or through a plan of
reorganization.  The Debtors intend to use the "breathing room"
permitted by the Bankruptcy Code and DIP financing to carefully
plan the course that will maximize the value to all stakeholders in
the Chapter 11 cases.

                    About Abengoa Bionergy

Abengoa Bioenergy is a collection of indirect subsidiaries of
Abengoa S.A. ("Abengoa"), a Spanish company founded in 1941. The
global headquarters of Abengoa Bioenergy is in Chesterfield,
Missouri.  With a total investment of $3.3 billion, the United
States has become Abengoa S.A.'s largest market in terms of sales
volume, particularly from developing solar, bioethanol, and water
projects.

Spanish energy giant Abengoa S.A. is an engineering and clean
technology company with operations in more than 50 countries
worldwide that provides innovative solutions for a diverse range of
customers in the energy and environmental sectors.  Abengoa is one
of the world's top builders of power lines transporting energy
across Latin America and a top engineering and construction
business, making massive renewable-energy power plants worldwide.

On Nov. 25, 2015, in Spain, Abengoa S.A. announced its intention to
seek protection under Article 5bis of Spanish insolvency law, a
pre-insolvency statute that permits a company to enter into
negotiations with certain creditors for restricting of its
financial affairs.  The Spanish company is facing a March 28, 2016,
deadline to agree on a viability plan or restructuring plan with
its banks and bondholders, without which it could be forced to
declare bankruptcy.

Gavilon Grain, LLC, Farmers Cooperative Association, and The
Andersons, Inc. filed on Feb. 1, 2016, an involuntary petition for
relief under Chapter 7 of the Bankruptcy Code against Abengoa
Bioenergy of Nebraska, LLC ("ABNE") in the United States Bankruptcy
Court for the District of Nebraska.  Gavilon Grain, Farmers
Cooperative, and Central Valley Ag Cooperative on Feb. 11 filed an
involuntary Chapter 7 petition against Abengoa Bioenergy Company,
LLC ("ABC") in the United States Bankruptcy Court for the District
of Kansas (Kansas City).  ABC's involuntary Chapter 7 case is
Bankr. D. Kan. Case No. 16-20178.  ABNE's involuntary case is
Bankr. D. Neb. Case No. 16-80141.  Gavilon Grain LLC and other
petitioners are represented by James J Niemeier, Esq., James G.
Powers, Esq., Robert P. Diederich, Esq., at McGrath, North, Mullin
& Kratz, P.C.

On Feb. 24, 2016, Abengoa Bioenergy US Holding, LLC and five
affiliated debtors, including ABNE and ABC, each filed a voluntary
petition for relief under Chapter 11 of the United States
Bankruptcy Code in the United States Bankruptcy Court for the
Eastern District of Missouri.  The cases are pending before the
Honorable Kathy A. Surratt-States and are jointly administered
under Case No. 16-41161.

The Debtors tapped DLA Piper LLP (US) as counsel. Prime Clerk is
the claims and noticing agent.  The Debtors' investment banker is
Lazard.


ABENGOA BIOENERGY: Seeks to Convert Involuntary Ch. 7 Cases
-----------------------------------------------------------
Abengoa Bioenergy Company, LLC ("ABC"), Abengoa Bioenergy of
Nebraska, LLC ("ABNE"), and four other U.S. units of Spanish energy
giant Abengoa S.A. filed Chapter 11 bankruptcy petitions in St.
Louis, Missouri, on Feb. 24, 2016.

The Chapter 11 filings serve to counter attempts made by Gavilon
Grain, LLC, Farmers Cooperative Association, and The Andersons,
Inc. to place ABNE under Chapter 7 bankruptcy protection.  Gavilon
et al. on Feb. 1, 2016, filed involuntary petitions for relief
under Chapter 7 of the Bankruptcy Code against ABNE in the United
States Bankruptcy Court for the District of Nebraska.

Gavilon Grain, Farmers Cooperative, and Central Valley Ag
Cooperative also seek to place ABC under Chapter 7 bankruptcy
protection by filing an involuntary Chapter 7 petition on Feb. 11
in the United States Bankruptcy Court for the District of Kansas
(Kansas City).

ABC's involuntary Chapter 7 case is Bankr. D. Kan. Case No.
16-20178.  ABNE's involuntary case is Bankr. D. Neb. Case No.
16-80141.

Sandra Porras Serrano, CFO of Abengoa Bioenergia, S.A., said in a
court filing that it is important to note that in advance of the
chapter 7 filings and consistent with the Abengoa S.A.'s Viability
Plan, the Debtors' management, in conjunction with their advisors,
had already been working on restructuring Abengoa Bioenergy.  Since
the commencement of the chapter 7 cases, the Debtors have been
focusing their efforts on solicitation of potential debtor in
possession financing and preparing for voluntary chapter 11
petitions to permit the Debtors to sell or restructure their
businesses.

Contemporaneously with filing voluntary petitions for relief under
chapter 11 of the Bankruptcy Code for the Debtors, ABNE and ABC
each filed (i) a motion to convert their respect involuntary
chapter 7 cases into cases under chapter 11 of the Bankruptcy Code
and (ii) a motion to transfer venue of those involuntary chapter 7
case to the U.S. Bankruptcy Court for the Eastern District of
Missouri.

The Debtors said they have worked tirelessly with their advisors
since Feb. 1, 2016, and well before to prepare these Debtors for a
stand-alone transaction.  Specifically, the Debtors' investment
banker, Lazard, has been developing a sale process for certain of
the bioenergy assets. In the wake of the involuntary petitions, the
Debtors and their advisors have to obtain adequate DIP financing to
allow for not only the stabilization of this business, but a
process that with time, should realize a significant return to the
Debtors' creditors.

                    About Abengoa Bionergy

Abengoa Bioenergy is a collection of indirect subsidiaries of
Abengoa S.A. ("Abengoa"), a Spanish company founded in 1941. The
global headquarters of Abengoa Bioenergy is in Chesterfield,
Missouri.  With a total investment of $3.3 billion, the United
States has become Abengoa S.A.'s largest market in terms of sales
volume, particularly from developing solar, bioethanol, and water
projects.

Spanish energy giant Abengoa S.A. is an engineering and clean
technology company with operations in more than 50 countries
worldwide that provides innovative solutions for a diverse range of
customers in the energy and environmental sectors.  Abengoa is one
of the world's top builders of power lines transporting energy
across Latin America and a top engineering and construction
business, making massive renewable-energy power plants worldwide.

On Nov. 25, 2015, in Spain, Abengoa S.A. announced its intention to
seek protection under Article 5bis of Spanish insolvency law, a
pre-insolvency statute that permits a company to enter into
negotiations with certain creditors for restricting of its
financial affairs.  The Spanish company is facing a March 28, 2016,
deadline to agree on a viability plan or restructuring plan with
its banks and bondholders, without which it could be forced to
declare bankruptcy.

On Feb. 24, 2016, Abengoa Bioenergy US Holding, LLC and five
affiliated debtors each filed a voluntary petition for relief under
Chapter 11 of the United States Bankruptcy Code in the United
States Bankruptcy Court for the Eastern District of Missouri.  The
cases are pending before the Honorable Kathy A. Surratt-States and
are jointly administered under Case No. 16-41161.

The Debtors tapped DLA Piper LLP (US) as counsel. Prime Clerk is
the claims and noticing agent.  The Debtors' investment banker is
Lazard.

Gavilon Grain LLC and other petitioning creditors are represented
by:

         James J Niemeier, Esq.
         James G. Powers, Esq.
         Robert P. Diederich, Esq.
         McGRATH, NORTH, MULLIN & KRATZ, P.C.
         First National Tower, Suite 3700
         1601 Dodge Street
         Omaha, NE  68102
         Tel: (402) 341-3070
         E-mail: jniemeier@mcgrathnorth.com
                 jpowers@mcgrathnorth.com
                 rdiederich@mcgrathnorth.com


ALBERTSONS CO: Ex-Workers Complain Non-payment of Compensation
--------------------------------------------------------------
Dani Meyer at Bankruptcy Law360 reported that since Albertsons
bought back several stores that it had sold to Haggen when its
rival went bankrupt, the grocery store chain hasn't paid its hourly
employees all of the wages they earned, according to a proposed
class action recently removed to California federal court.

A group of current and former employees said in their state court
complaint that Albertsons Companies Inc. didn't provide paychecks,
pay stubs or any pay at all for several weeks after buying the
stores back in September until the plaintiffs filed their
complaint.

                    About Albertsons Companies

Albertsons Companies Inc. is an American grocery company founded
and based in Boise, Idaho.  In January 2015, it acquired Safeway
Inc. for $9.2 billion.  The newly merged company has more than
2,200 stores and over 250,000 employees, which makes it the second
largest supermarket chain in North America after Kroger.

                          *     *     *

As reported in the Troubled Company Reporter on Dec. 3, 2015,
Moody's Investors Service assigned a Corporate Family Rating of B1
and a Probability of Default Rating of B1-PD to Albertsons
Companies, LLC the newly formed parent of Safeway Inc., Albertson's
LLC and New Albertsons Inc.  The rating outlook is stable.


ALL PHASE STEEL: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: All Phase Steel Works, LLC
        480 Bunnel Street
        Bridgeport, CT 06607

Case No.: 16-50257

Chapter 11 Petition Date: February 23, 2016

Court: United States Bankruptcy Court
       District of Connecticut (Bridgeport)

Judge: Hon. Julie A. Manning

Debtor's Counsel: James M. Nugent, Esq.
                  HARLOW, ADAMS & FRIEDMAN, P.C.
                  One New Haven Ave, Suite 100
                  Milford, CT 06460
                  Tel: (203) 878-0661
                  Fax: (203) 878-9568
                  Email: jmn@quidproquo.com

Total Assets: $2.65 million

Total Liabilities: $4.08 million

Largest unsecured creditor: Bushwick Metals, LLC, $459,511

The petition was signed by Paul J. Pinto, member/manager.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ctb16-50257.pdf


ALPHA NATURAL: State Street Has 0.04% Equity Stake
--------------------------------------------------
State Street Corporation owns 0.04% shares of the common stock of
Alpha Natural Resources, Inc., according to State Street's Schedule
13G/A filing with the Securities and Exchange Commission.

State Street said it may be deemed to beneficially own 97,201 Alpha
Natural shares.

State Street, in a separate SEC filing, reported holding 0.3%
shares of the common stock of Arch Coal, Inc.

State Street may be reached at:

           Sean P. Newth
           Senior Vice President,
           Chief Accounting Officer and Controller
           STATE STREET CORPORATION
           State Street Financial Center
           One Lincoln Street
           Boston, MA 02111

                       About Alpha Natural

Alpha Natural -- http://www.alphanr.com/-- is a coal supplier,   
ranked second largest among publicly traded U.S. coal producers as
measured by 2014 consolidated revenues of $4.3 billion.  

Alpha Natural Resources, Inc. (Bankr. E.D. Va. Case No. 15-33896)
and its affiliates filed separate Chapter 11 bankruptcy petitions
on Aug. 3, 2015, listing $9.9 billion in total assets as of June
30, 2015, and $7.3 billion in total liabilities as of June 30,
2015.  The petition was signed by Richard H. Verheij, executive
vice president, general counsel and corporate secretary.

Judge Kevin R. Huennekens presides over the case.

David G. Heiman, Esq., Carl E. Black, Esq., and Thomas A. Wilson,
Esq., at Jones Day serve as the Debtors' general counsel.

Tyler P. Brown, Esq., J.R. Smith, Esq., Henry P. (Toby) Long, III,
Esq., and Justin F. Paget, Esq., serve as the Debtors' local
counsel.  Rothschild Group is the Debtors' financial advisor.
Alvarez & Marshal Holdings, LLC, is the Debtors' investment
banker.
Kurtzman Carson Consultants, LLC, is the Debtors' claims and
noticing agent.

The U.S. Trustee for Region 4 appointed seven creditors of Alpha
Natural Resources Inc. to serve on the official committee of
unsecured creditors.  Dennis F. Dunne, Esq., Evan R. Fleck, Esq.,
and Eric K. Stodola, Esq., at Milbank, Tweed, Hadley & McCloy LLP;
and William A. Gray, Esq., W. Ashley Burgess, Esq., and Roy M.
Terry, Jr., Esq. at Sands Anderson PC, represent the Committee.


AMERICAN AIRLINES: Bank Debt Trades at 3% Off
---------------------------------------------
Participations in a syndicated loan under which American Airlines
is a borrower traded in the secondary market at 97.15
cents-on-the-dollar during the week ended Friday, Feb. 12, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.75 percentage points from the
previous week.  American Airlines pays 275 basis points above LIBOR
to borrow under the $1.867 billion facility. The bank loan matures
on June 1, 2020 and carries Moody's Ba1 rating and Standard &
Poor's BB+ rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended Feb. 12.


ARCH COAL: Committee Seeks to Undo Interim DIP Order
----------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Arch Coal, Inc., et al., moves for reconsideration of the
order by the U.S. Bankruptcy Court for the Eastern District of
Missouri authorizing on an interim basis, the Debtors' motion for
approval of debtor-in-possession financing.

At a hearing held on Jan. 12, 2016, the Debtors sought and obtained
interim approval of the DIP Motion, and the Interim DIP Order was
entered on Jan. 15.  While the Interim DIP Order does not allow the
Debtors to borrow under the DIP Facility or require the DIP Lenders
to commit any funds, it does require the Debtors to "perform all
obligations under the DIP Documents," including, among other
things, payments of current interest -- as "adequate protection" --
to the prepetition lenders and the payment of significant fees to
the DIP Lenders.

The Committee notes that it was not formed until 13 days after the
first day hearing and ten days after the entry of the Interim DIP
Order.  As a result, the Committee avers that the Interim DIP Order
should not bind the Committee or its constituents to the terms of
the DIP Facility on a final basis.  Indeed, the Committee's review
of the DIP Motion and Interim DIP Order revealed that the DIP
Facility is unnecessary, and to the extent the relief granted in
the Interim DIP Order is considered "final," it should be
reconsidered.  

The Committee argues that: (i) the Debtors failed to establish that
entry of the Interim DIP Order was necessary to avoid "immediate
and irreparable harm," required under Bankruptcy Rule 4001, (ii)
the financing fees approved therein are above-market, and (iii) the
Interim DIP Order imposes an undue burden on the Committee's
ability to pursue valuable estate claims released by the Debtors
for no consideration.

Thus, the Committee moves the Court to reconsider the Interim DIP
Order, and to set aside the Interim DIP Order to the extent such
order granted improper final relief.

A full-text copy of the Interim DIP Order is available at

    http://bankrupt.com/misc/ARCHCOALdipord0115.pdf

A copy of the Committee's memorandum in support of its motion for
reconsideration is available for free at:

   http://bankrupt.com/misc/Arch_Coal_323_Memo_UCC_Int_DIP_Ord.pdf

Counsel to the Official Committee of Unsecured Creditors:

          SPENCER FANE LLP
          Sherry K. Dreisewerd, Esq.
          Eric C. Peterson, Esq.
          Sherry K. Dreisewerd, Esq.
          1 North Brentwood Boulevard, Suite 1000
          St. Louis, MO 63105
          Tel: (314) 863-7733
          Fax: (314) 862-4656
          E-mail: epeterson@spencerfane.com
                  sdreisewerd@spencerfane.com

               - and -

          Scott J. Goldstein, Esq.
          Eric L. Johnson, Esq.
          1000 Walnut, Suite 1400
          Kansas City, MO 64106
          Tel: (816) 474-8100
          Fax: (816) 474-3216
          E-mail: sgoldstein@spencerfane.com
                  ejohnson@spencerfane.com

               - and -

          KRAMER LEVIN NAFTALIS & FRANKEL LLP
          Thomas Moers Mayer, Esq.
          Douglas Mannal, Esq.
          P. Bradley O'Neill, Esq.
          Andrew M. Dove, Esq.
          1177 Avenue of the Americas
          New York, NY 10036
          Tel: (212) 715-9100
          Fax: (212) 715-8000
          E-mail: tmayer@kramerlevin.com
                  dmannal@kramerlevin.com
                  boneil@kramerlevin.com
                  adove@kramerlevin.com

                         About Arch Coal

Founded in 1969, Arch Coal, Inc., is a producer and marketer of
coal in the United States, with operations and coal reserves in
each of the major coal-producing regions of the Country.  As of
January 2016, it was the second-largest holder of coal reserves in
the United States, owning or controlling over five billion tons of
proven and probable reserves.  As of the Petition Date, Arch
employed approximately 4,600 full- and part-time employees.

Arch Coal, Inc. and 71 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D. Mo. Case Nos. 16-40120 to
16-40191) on Jan. 11, 2016.  The petition was signed by Robert G.
Jones as senior vice president-law, general counsel and secretary.

The Debtors disclosed total assets of $5.84 billion and total debts
of $6.45 billion.  Judge Charles E. Rendlen III has been assigned
the case.

The Debtors have engaged Davis Polk & Wardwell LLP as counsel,
Bryan Cave LLP as local counsel, FTI Consulting, Inc. as
restructuring advisor, PJT Partners as investment banker, and Prime
Clerk LLC as notice, claims and solicitation agent

The Official Committee of Unsecured Creditors tapped Spencer Fane
LLP and Kramer Levin Naftalis & Frankel LLP as attorneys.


ARCH COAL: Court Approves Wyoming Environment Pact
--------------------------------------------------
Tiffany Kary and Tim Bross, writing for Bloomberg Brief - Distress
& Bankruptcy, reported that Arch Coal Inc. will be able to reduce
its obligation to clean up mines in Wyoming to $92 million from
$485.5 million, helping it move forward with a plan to reorganize.

According to the report, U.S. Bankruptcy Judge Charles E. Rendlen
III in St. Louis approved the company's settlement with Wyoming on
Feb. 23, overruling concerns from environmental groups, which had
said the accord could leave the state about $400 million short on
cleanup costs.

"We're not solving this for the millennium," Judge Rendlen said,
calling the environmental objections too hypothetical and
emphasizing the need to keep the company operating so it could
potentially reorganize, the report related.  He said Arch has been
a "good citizen" on reclamation issues in the past, the report
further related.

Judge Rendlen, in issuing his decision, cited Arch's $500 million
average loss of liquidity in each of the past two years, the report
said.  "The last thing a judge wants to do is get in the way" of a
company trying to survive, he said.

                         About Arch Coal

Founded in 1969, Arch Coal, Inc., is a producer and marketer of
coal in the United States, with operations and coal reserves in
each of the major coal-producing regions of the Country.  As of
January 2016, it was the second-largest holder of coal reserves in
the United States, owning or controlling over five billion tons of
proven and probable reserves.  As of the Petition Date, Arch
employed approximately 4,600 full- and part-time employees.

Arch Coal, Inc. and 71 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D. Mo. Case Nos. 16-40120 to
16-40191) on Jan. 11, 2016.  The petition was signed by Robert G.
Jones as senior vice president-law, general counsel and secretary.

The Debtors disclosed total assets of $5.84 billion and total
debts
of $6.45 billion.  Judge Charles E. Rendlen III has been assigned
the case.

The Debtors have engaged Davis Polk & Wardwell LLP as counsel,
Bryan Cave LLP as local counsel, FTI Consulting, Inc. as
restructuring advisor, PJT Partners as investment banker, and
Prime
Clerk LLC as notice, claims and solicitation agent

Daniel J. Casamatta, Acting U.S. Trustee for Region 13, appointed
seven creditors to serve in the Official Committee of Unsecured
Creditors in the Chapter 11 cases of Arch Coal, Inc., and its
debtor affiliates.

The Committee members are:

      1. Kinder Morgan, Inc.
         Andrew Sheedy
         Vice President - Finance
         1001 Louisiana
         Houston, TX 77002
         Tel: (713) 369-8906
         Fax: (713) 369-8775

      2. UMB Bank, National Association
         Attn: Mark B. Flannagan
         1010 Grand Boulevard
         Kansas City, MO 64106
         Tel: (816) 860-3009
         Fax: (816) 860-3029

      3. GSO Capital Partners, LP
         Bradley Feingerts
         345 Park Avenue, 31st Floor
         New York, NY 10154
         Tel: (212) 390-2817

      4. Nelson Brothers, LLC
         Nelson Brothers Mining Services, LLC
         Jason Baker
         820 Shades Creek Parkway, Suite 2000
         Birmingham, AL 35209
         Tel: (205) 414-2900
         Fax: (205) 802-5346

      5. Bennett Management Corporation
         c/o James D. Bennett & Joseph von Meister
         2 Stamford Plaza, Suite 1501
         281 Tresser Blvd.
         Stamford, CT 06901-3259
         Tel: (203) 353-3101
         Fax: (203) 353-3113

      6. Wyoming Machinery Company
         Matthew Polito
         P.O. Box 2335
         Casper, WY 82602
         Tel: (307) 472-1000 ext 1159
         Fax: (307) 261-4486

      7. Pension Benefit Guaranty Corp.
         Attn: John J. Butler, Financial Analyst
         1200 K. Street, N.W.
         Washington, DC 20005-4026
         Tel: (202) 326-4070 ext 3810
         Fax: (202) 380-2074

The Committee is represented by:

          Eric C. Peterson, Esq.
          Sherry K. Dreisewerd, Esq.
          SPENCER FANE LLP
          1 North Brentwood Boulevard
          Suite 1000
          St. Louis, MO 63105
          Tel: (314) 863-7733
          Fax: (314) 862-4656
          Email: epeterson@spencerfane.com
                 sdreisewerd@spencerfane.com

             -- and --

          Scott J. Goldstein, Esq.
          Eric L. Johnson, Esq.
          SPENCER FANE LLP
          1000 Walnut, Suite 1400
          Kansas City, MO 64106
          Tel: (816) 474-8100
          Fax: (816) 474-3216
          Email: sgoldstein@spencerfane.com
                 ejohnson@spencerfane.com

             -- and --

          Thomas Moers Mayer, Esq.
          Douglas Mannal, Esq.
          P. Bradley O'Neill, Esq.
          Andrew M. Dove, Esq.
          KRAMER LEVIN NAFTALIS & FRANKEL LLP
          1177 Avenue of the Americas
          New York, NY 10036
          Tel: (212) 715-9100
          Fax: (212) 715-8000
          Email: tmayer@kramerlevin.com
                 dmannal@kramerlevin.com
                 boneil@kramerlevin.com
                 adove@kramerlevin.com



ARCH COAL: Creditors Offer Alternative $100-Mil. DIP Financing
--------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Arch Coal, Inc., et al., is asking the U.S. Bankruptcy
Court for the Eastern District of Missouri to deny final approval
of the Debtor's motion to obtain $275 million of DIP financing.

"The alleged benefits of the DIP Facility are illusory.  Instead,
the DIP Facility is merely a vehicle for the Debtors' prepetition
secured creditors to extract fees, fund the current payment of
postpetition interest on their prepetition loans, and irrevocably
wrest control over the cases away from the Debtors and other
stakeholders.  As a result, the proposed DIP Facility should not be
approved," the Committee said in the filing.

The Committee avers that the Debtors should instead be required to
pursue use of cash collateral or an alternative DIP structure.  The
Committee points out that:

    * The Debtors are not running out of cash.  The Debtors have
      at least $620 million in cash on hand.

    * The Debtors do not need to borrow to fund operations.  The
      bankruptcy filing has relieved the Debtors of the
      obligation to pay interest on over $5 billion of debt.
      In part, as a result, the Debtors' projections reflect
      that their operational cash burn -- less professional fees
      and the costs of the DIP -- will only be about $22 million
      -- or about 3.5% of their cash -- after 13 weeks.

    * The Debtors do not plan to draw on the DIP Facility in the
      near future.

    * The DIP Facility actually restricts the Debtors' liquidity.
      One of the key terms of the credit agreement blocks the
      Debtors' ability to use $575 million of their cash on hand,
      thereby dramatically limiting their access to cash.

    * The costs of the DIP Facility are high. Not only are
      certain of the fees above market, but as a price of their
      agreement, the secured lenders have extracted substantial
      control over the cases from the Debtors, all to the
      detriment of unsecured creditors.

    * The DIP Facility is not the Debtors' only option.  Unlike
      many other cases where the proposed DIP is the only game
      in town and the estates must accept the lenders' terms or
      suffocate from lack of cash, the Debtors have two better
      alternatives.  First, they could seek to operate on cash
      collateral alone, and not borrow at this time.  Their
      unusually high cash balance and cash flowing operations
      make this more than a plausible option.  Second, the
      Committee has identified creditors prepared to provide an
      alternative DIP that meets the Debtors' stated concerns,
      has far lower costs, and does not limit in the same way as
      the lenders' proposed DIP.

The Committee said that on Feb. 12, 2016, it informed the Debtors
that certain unsecured creditors have expressed interest in funding
a $100 million alternative DIP facility that is less expensive,
less restrictive, and more responsive to the Debtors' specific
needs.  The facility would be modeled after what the Debtors have
proposed in the DIP Motion but, if implemented, would provide
incremental savings of up to $148 million and equal or greater
liquidity than the facility offered by the Prepetition Lenders.

The primary modifications, and the corresponding benefits of the
Alternative DIP, are:

                                          |    Benefit of
            Term RSA DIP vs. Altern. DIP  |   Alternative DIP
            ----------------------------  |   ---------------
Size:      $275M reduced to $100M         | To the extent any DIP
                                          | financing is required,
     
                                          | $100 million is more
                                          | Than sufficient
            ------------------------------------------------------
Applicable                                |
Margin:    L+900 beginning after 4        |
           months, at latest, reduced     |
           to L+700 with no availability  |
           deadline                       | Savings of $19 million
            ------------------------------------------------------
Commitment                                |
Fee:       500 bps reduced to 300 bps     | Savings of $11 million
            ------------------------------------------------------
Unused                                    |
Line Fee:  500 bps reduced to 200 bps     | Savings of $4 million
            ------------------------------------------------------
Minimum                                   |
Cash                                      | Up to $100 million in
Covenant:  $575 million reduced to        | Add'l availability:
           $300 million                   | * Alt. DIP:
                                          | ($620M + $100M)- $300M

                                          |  = $420M
                                          |* RSA DIP: ($620M +   
                                          | $275M) - $575M = $320M

            ------------------------------------------------------
Releases and                              |
Stipulations:  Releases and stipulations  |
               in favor of Lenders        |
               deleted                    | No surrender of estate

                                          | claims for no
                                          | consideration
            ------------------------------------------------------
Adequate                                  |
Protection                                |
for                                       |
Prepetition                               |
First                                     |
Lien Lenders:  No current cash payment of | Savings of up to $116
               interest;                  | million, lower
               Two counsel, not three,    | professional fees, and
               For Lenders;               | more flexible
               No milestones              | chapter 11 process
            ------------------------------------------------------
DIP Fee                                   |
under PJT                                 |
Engagement                                |
Letter:   Financing fee of 75 bps would   | Savings of
          apply to smaller facility       | $1.3 million
            ------------------------------------------------------

Kinder Morgan joined in the Committee's objection.  Kinder Morgan
holds an unsecured claim against the Debtors in the amount of
$59,625,000, according to the Debtors' List of 30 Largest Unsecured
Creditors filed together with the bankruptcy petitions.

"If there is any reason for Debtors to obtain post-petition
financing, rather than using cash collateral, two substantial
unsecured creditors have provided to the Committee and the
Committee has provided to Debtors, a commitment for an alternative
DIP Facility (the "Alternative DIP Facility") that would cost far
less than the Secured Lender DIP Facility (lower fees and absence
of millions of dollars in adequate protection payments), ties up
less of Debtors' cash through more favorable liquidity
restrictions, and contains none of the impediments to the parties'
performance of their duties under the Bankruptcy Code to achieve
the best result for all, that are built into the Secured Creditor
DIP Facility," Kinder Morgan argued.

                   Proposed $275-Mil. Financing

Arch Coal, et al., are seeking Court approval to access a $275
million delayed draw term loan facility provided by a syndicate of
financial institutions.  Wilmington Trust, National Association, is
the administrative agent and collateral agent under the DIP
Facility.

The Debtors have said their liquidity is anticipated to decline
considering the deterioration of the coal market that would place
them in a difficult position to continue operations and settle
their obligations of approximately $2.2 billion in secured
indebtedness and an approximately $2.9 billion in aggregate
principal amount of senior unsecured notes.

Among the significant features of the Debtors' DIP Financing are:

   -- it has delayed draw feature minimizing interest expense;

   -- it requires that the Debtors satisfy certain milestones for
      progress in the Chapter 11 case; and

   -- will allow the Debtors to incur up to $75 million of
      superpriority claims in connection with the Debtors'
      self-bonded obligations to certain governmental
      authorities, particularly self-bonded reclamation
      obligations to the Wyoming Department of Environmental
      Quality's Land Quality Division.

Moreover, the DIP Financing will permit the Debtors to continue
selling and/or contributing receivables pursuant to an amendment
and restatement of the Debtors' existing $200 million receivables
securitization facility to a non-Debtor, Arch Receivable Company,
LLC, pursuant to which the Debtors may obtain letters of credit to
secure the payment or performance of certain obligations in respect
of, among other things, crucial environmental an workers'
compensation obligations owed to state and federal regulatory
agencies, surety bond providers, insurers and other third parties.

The DIP accrues interest at (a) LIBOR Rate + 900 bps (subject to a
LIBOR floor of 1.0%) or (b) the Base Rate + 800 bps.  The DIP
matures on the earliest of (i) January 31, 2017, (ii) the
consummation of the sale of all or substantially all of the assets
of the Borrower and the Guarantors pursuant to section 363 of the
Bankruptcy Code and (iii) the date of the substantial consummation
of a Reorganization Plan that is confirmed pursuant to an order of
the Bankruptcy Court.

Attorneys for Kinder Morgan:

         J. Talbot Sant, Jr., Esq.
         Ira M. Potter, Esq.
         Mark R. Sanders, Esq.
         AFFINITY LAW GROUP, LLC
         1610 Des Peres Road, Suite 100
         St. Louis, MO 63131
         Tel: (314) 872-3333
         Fax: (314) 872-3365
         E-mail: tsant@affinitylawgrp.com  
                 ipotter@affinitylawgrp.com  
                 msanders@affinitylawgrp.com

                - and -

         Alfredo R. Perez, Esq.
         Patrick W. Thompson, Esq.
         WEIL, GOTSHAL & MANGES LLP
         700 Louisiana
         Houston, TX 77002-2784
         Tel: (713) 546-5000
         E-mail: Alfredo.perez@weil.com
                 Patrick.thompson@weil.com

Arch Coal, Inc.'s attorneys:

         Marshall S. Huebner, Esq.
         Brian M. Resnick, Esq.
         Michelle M. McGreal, Esq.
         Kevin J. Coco, Esq.
         DAVIS POLK & WARDWELL LLP
         450 Lexington Avenue
         New York, NY 10017
         Telephone: (212) 450-4000
         Facsimile: (212) 607-7983
         E-mail: marshall.huebner@davispolk.com
                 brian.resnick@davispolk.com
                 michelle.mcgreal@davispolk.com
                 kevin.coco@davispolk.com

                - and -

         Lloyd A. Palans, Esq.
         Brian C. Walsh, Esq.
         Cullen K. Kuhn, Esq.
         Laura Uberti Hughes, Esq.
         BRYAN CAVE LLP
         One Metropolitan Square
         211 N. Broadway, Suite 3600
         St. Louis, MO 63102
         Telephone: (314) 259-2000
         Facsimile: (314) 259-2020
         E-mail: lapalans@bryancave.com
                 brian.walsh@bryancave.com
                 ckkuhn@bryancave.com
                 laura.hughes@bryancave.com

                         About Arch Coal

Founded in 1969, Arch Coal, Inc., is a producer and marketer of
coal in the United States, with operations and coal reserves in
each of the major coal-producing regions of the Country.  As of
January 2016, it was the second-largest holder of coal reserves in
the United States, owning or controlling over five billion tons of
proven and probable reserves.  As of the Petition Date, Arch
employed approximately 4,600 full- and part-time employees.

Arch Coal, Inc. and 71 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D. Mo. Case Nos. 16-40120 to
16-40191) on Jan. 11, 2016.  The petition was signed by Robert G.
Jones as senior vice president-law, general counsel and secretary.

The Debtors disclosed total assets of $5.84 billion and total debts
of $6.45 billion.  Judge Charles E. Rendlen III has been assigned
the case.

The Debtors have engaged Davis Polk & Wardwell LLP as counsel,
Bryan Cave LLP as local counsel, FTI Consulting, Inc. as
restructuring advisor, PJT Partners as investment banker, and Prime
Clerk LLC as notice, claims and solicitation agent

The Official Committee of Unsecured Creditors tapped Spencer Fane
LLP and Kramer Levin Naftalis & Frankel LLP as attorneys.


ARCH COAL: Russell R. Johnson III Files Verified Statement
----------------------------------------------------------
Russell R. Johnson III of the Law Firm of Russell R. Johnson III,
PLC, filed a verified statement of his firm's multiple
representations in Arch Coal, Inc., et al.'s Chapter 11 cases of
these utility companies that provide postpetition utility
goods/services to the Debtors:

    A. Appalachian Power Company d/b/a/ American Electric Power
       Kentucky Power Company d/b/a/ American Electric Power
       Attn: Gregory Holland
       American Electric Power
       40 Franklin Road
       P.O. Box 2021
       Roanoke, VA 24022-2121

    B. Monongahela Power Company
       Potomac Edison Company
       Attn: Kathy M. Hofacre
       FirstEnergy Corp
       76 S. Main ST. A-GO-15
       Akron, OH 44308

    C. Virginia Electric and Power Company
       Attn: Christine G. Heslinga, Esq.
       Dominion Resources Services, Inc.
       120 Tredegar Street
       Richmond, VA 23219

Monongahela Power Company and Potomac Edison Company have unsecured
claims against the Debtor arising from prepetition utility usage.
Appalachian and Kentucky Power held prepetition deposits that they
will make claims upon for payment of the Debtors' prepetition debt.
Virginia Electric is a party to contracts with the Debtors.

The firm can be reached at:

         Russell R. Johnson III, Esq.
         LAW FIRM OF RUSSELL R. JOHNSON III, PLC
         2258 Wheatlands Drive
         Manakin-Sabot, VA 23103
         Telephone: (804) 749-8861
         Facsimile: (804) 749-8862
         E-mail: russj4478@aol.com
                         About Arch Coal

Founded in 1969, Arch Coal, Inc., is a producer and marketer of
coal in the United States, with operations and coal reserves in
each of the major coal-producing regions of the Country.  As of
January 2016, it was the second-largest holder of coal reserves in
the United States, owning or controlling over five billion tons of
proven and probable reserves.  As of the Petition Date, Arch
employed approximately 4,600 full- and part-time employees.

Arch Coal, Inc. and 71 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D. Mo. Case Nos. 16-40120 to
16-40191) on Jan. 11, 2016.  The petition was signed by Robert G.
Jones as senior vice president-law, general counsel and secretary.

The Debtors disclosed total assets of $5.84 billion and total
debts
of $6.45 billion.  Judge Charles E. Rendlen III has been assigned
the case.

The Debtors have engaged Davis Polk & Wardwell LLP as counsel,
Bryan Cave LLP as local counsel, FTI Consulting, Inc. as
restructuring advisor, PJT Partners as investment banker, and Prime
Clerk LLC as notice, claims and solicitation agent

The Official Committee of Unsecured Creditors tapped Spencer Fane
LLP and Kramer Levin Naftalis & Frankel LLP as attorneys.


ARCH COAL: State Street Has 0.3% Equity Stake
---------------------------------------------
State Street Corporation owns 0.3% shares of the common stock of
Arch Coal, Inc., according to State Street's Schedule 13G/A filing
with the Securities and Exchange Commission.

State Street said it may be deemed to beneficially own 57,391 Arch
Coal shares.

State Street, in a separate SEC filing, disclosed holding a 0.04%
equity stake in Alpha Natural Resources, Inc.

State Street may be reached at:

           Sean P. Newth
           Senior Vice President,
           Chief Accounting Officer and Controller
           STATE STREET CORPORATION
           State Street Financial Center
           One Lincoln Street
           Boston, MA 02111

                         About Arch Coal

Founded in 1969, Arch Coal, Inc., is a producer and marketer of
coal in the United States, with operations and coal reserves in
each of the major coal-producing regions of the Country.  As of
January 2016, it was the second-largest holder of coal reserves in
the United States, owning or controlling over five billion tons of
proven and probable reserves.  As of the Petition Date, Arch
employed approximately 4,600 full- and part-time employees.

Arch Coal, Inc. and 71 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D. Mo. Case Nos. 16-40120 to
16-40191) on Jan. 11, 2016.  The petition was signed by Robert G.
Jones as senior vice president-law, general counsel and secretary.

The Debtors disclosed total assets of $5.84 billion and total
debts
of $6.45 billion.  Judge Charles E. Rendlen III has been assigned
the case.

The Debtors have engaged Davis Polk & Wardwell LLP as counsel,
Bryan Cave LLP as local counsel, FTI Consulting, Inc. as
restructuring advisor, PJT Partners as investment banker, and
Prime
Clerk LLC as notice, claims and solicitation agent

Daniel J. Casamatta, Acting U.S. Trustee for Region 13, appointed
seven creditors to serve on the Official Committee of Unsecured
Creditors.  The Committee is represented by Eric C. Peterson, Esq.,
and Sherry K. Dreisewerd, Esq., at Spencer Fane LLP; and Thomas
Moers Mayer, Esq., Douglas Mannal, Esq., P. Bradley O'Neill, Esq.,
and Andrew M. Dove, Esq., at Kramer Levin Naftalis & Frankel LLP.


ASPEN GROUP: Released From DoE's Letter of Credit Requirement
-------------------------------------------------------------
Aspen Group, Inc., announced that the irrevocable letter of credit
of $1,122,485 previously imposed on Aspen University by the
Department of Education has been released in its entirety effective
immediately.

Aspen University previously chose to post a letter of credit with
the DoE in the amount of $1,122,485 which equaled 25% of the HEA
Title IV program funds received by the institution following its
fiscal year ending April 30, 2014, in order to remain provisionally
certified for a period of up to three complete award years.

In late-July, 2015, Aspen reported its financial results to the DoE
for its fiscal year ending April 30, 2015.  These financial
statements were recently confirmed by the DoE to yield a passing
composite score required by the DoE to meet the financial
responsibility standards set forth in regulations at 34 C.F.R.
Section 668.171.

"We're pleased to have access to significantly more working capital
now that all our cash is unrestricted," said Aspen Group chairman
and CEO Michael Mathews.  "This will allow us to further accelerate
the growth of our Nursing programs via our debtless education
solution," continued Mathews.

                      About Aspen Group

Denver, Colo.-based Aspen Group, Inc., was founded in Colorado in
1987 as the International School of Information Management.  On
Sept. 30, 2004, it was acquired by Higher Education Management
Group, Inc., and changed its name to Aspen University Inc.  On
May 13, 2011, the Company formed in Colorado a subsidiary, Aspen
University Marketing, LLC, which is currently inactive.  On
March 13, 2012, the Company was recapitalized in a reverse merger.

Aspen's mission is to become an institution of choice for adult
learners by offering cost-effective, comprehensive, and relevant
online education.  Approximately 88 percent of the Company's
degree-seeking students (as of June 30, 2012) were enrolled in
graduate degree programs (Master or Doctorate degree program).
Since 1993, the Company has been nationally accredited by the
Distance Education and Training Council, a national accrediting
agency recognized by the U.S. Department of Education.

Aspen Group reported a net loss of $4.2 million on $5.2 million of
revenues for the year ended April 30, 2015, compared to a net loss
of $5.3 million on $3.9 million of revenues for the year ended
April 30, 2014.

As of Oct. 31, 2015, the Company had $5.25 million in total assets,
$3.93 million in total liabilities and $1.31 million in total
stockholders' equity.


AVAGO TECHNOLOGIES: Bank Debt Trades at 2% Off
----------------------------------------------
Participations in a syndicated loan under which Avago Technologies
is a borrower traded in the secondary market at 97.74
cents-on-the-dollar during the week ended Friday, Feb. 12, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.60 percentage points from the
previous week.  Avago Technologies pays 350 basis points above
LIBOR to borrow under the $9.75 billion facility. The bank loan
matures on Nov. 13, 2022 and carries Moody's Ba1 rating and
Standard & Poor's BBB rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Feb. 12.


BAILEY TOOL: U.S. Trustee Forms Three-Member Committee
------------------------------------------------------
The Office of the U.S. Trustee on Feb. 23 appointed three creditors
of Bailey Tool & Manufacturing Company and its affiliated debtors
to serve on the official committee of unsecured creditors.

The unsecured creditors are:

     (1) Mandel Metals, Inc.
         Attn: Jayson Fetters
         11620 Goodnight Lane, Ste. 200
         Dallas, TX 75229
         214-905-2900
         214-905-3900-fax
         jfetters@mandelmetals.com

     (2) Unimet Metal Supply
         Attn: Steven Andreazza
         150 Lackawanna Avenue
         Parsippany, NJ 07054
         973-673-5600-ext 228
         973-334-0422-fax
         stevea@unimetmetalsupply.com

     (3) O'Neal Flat Rolled Metals, LLC
         Attn: Cyndi Wallin
         1229 South Fulton Avenue
         Brighton, CO 80601
         303-655-4534
         877-335-7485-fax
         cyndi.wallin@ofrmetals.com

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and financial
affairs.  Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                        About Bailey Tool

On February 1, 2016, Bailey Tool & Manufacturing Company and its
affiliated debtors filed for Chapter 11 protection in the United
States Bankruptcy Court for the Northern District of Texas
(Dallas).  The cases are assigned to Judge Barbara J. Houser.  The
petition was signed by John Buttles, president.
.
The Debtors have tapped Franklin Hayward LLP as their legal
counsel.

The Debtors estimated both assets and liabilities in the range of
$1 million to $10 million.


BATS GLOBAL: S&P Revises Outlook to Stable & Affirms 'BB-' Rating
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its outlook on
Bats Global Markets Inc. (Bats) to stable from negative.  At the
same time, S&P affirmed its 'BB-' ratings on the company, including
S&P's issuer credit and issue ratings.

"We revised our outlook on Bats to stable to reflect the reduction
in the company's leverage since March 2015," said Standard & Poor's
credit analyst Olga Roman.  Following the spike in debt in March
2015, when the company issued debt to finance the acquisition of
Hotspot FX (an institutional spot foreign exchange platform), Bats
has used its strong earnings to significantly reduce its leverage
through mandatory loan amortization payments and additional debt
repayments.  S&P expects the company to operate with debt to
adjusted EBITDA below 3x and FFO to debt above 20% over the next 12
to 18 months.  Although S&P expects the company's debt-to-adjusted
EBITDA ratio to decline, it expects its FFO-to-debt ratio to remain
below 30% in the next year, which is in line with the current
rating.  When these two ratios diverge, S&P typically gives
priority to the FFO-to-debt ratio.

S&P's assessment of Bats' business risk profile reflects its solid
market position in U.S. and European equities, globally diversified
customer mix, and scalable technology platforms. However, the
company's revenue still depends heavily on the trading volumes of
the U.S. equity markets.  Additionally, S&P believes that Bats,
like most other exchanges, is highly vulnerable to operational
risk.

Bats is the No. 2 equities market operator in the U.S with a market
share of 21.1% during the fourth quarter of 2015, slightly up from
the same quarter in 2014.  The company is also the leading trading
venue for exchange traded funds in the U.S. (with a market share
above 40% among exchange volumes).  In Europe, Bats is the largest
equities market operator, with 25.1% market share in the last
quarter of 2015, significantly up from 22.4% in the same quarter in
2014.  Finally, Bats' U.S. equity options market share picked up
substantially in 2015, reaching 8.9% during the fourth quarter of
2015, compared with 6.3% one year ago.  As of Dec. 31, 2015, U.S.
equities represented 66% of net revenues on a pro forma basis,
European equities were 17%, foreign exchange was 10%, and U.S.
equity options 7%; 83% of net revenue was generated in the U.S. and
the remaining in Europe.  Nontransaction revenue was 55% of net
revenue for the year ended Dec. 31, 2015.

S&P's issuer credit rating on Bats is two notches lower than S&P's
stand-alone credit profile, reflecting the structural subordination
between Bats' operating subsidiaries and the debt-issuing
nonoperating holding company.

The stable rating outlook reflects S&P's expectation that Bats will
maintain its competitive position in the U.S. and European markets
and will operate with FFO to debt of 20%-30% and debt to adjusted
EBITDA below 3x over the next 12-18 months.  If Bats continues to
operate with a debt-to-adjusted EBITDA ratio of less than 3x and
improves its FFO-to-debt ratio to more than 30%, S&P could upgrade
the company.  S&P could lower the rating if the company's earnings
decline or if it pursues an aggressive financial policy, causing
its debt to adjusted EBITDA to increase above 4x and FFO to debt to
decline below 20%.  Additionally, S&P could lower the ratings if
the company encounters significant operational issues that could
weaken its market positon.


CAESARS ENTERTAINMENT: Loss Narrows in Fourth Quarter 2015
----------------------------------------------------------
Christopher Palmeri, writing for Bloomberg Brief - Distress &
Bankruptcy, reported that Caesars Entertainment Corp., the casino
operator whose largest unit is in bankruptcy, said the loss at its
remaining properties narrowed to $76 million in the fourth quarter,
after adjustments, as hotel room rates rose.

According to the report, the loss compared with a loss of $262
million a year earlier, the Las Vegas-based
company, the largest owner of casinos in the U.S., said in a
statement on Feb. 23.

Revenue climbed 8.7 percent to $1.1 billion in the quarter, while
earnings before interest, taxes, depreciation and amortization
jumped 52 percent to $305 million, the report said.

                   About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.,
is one of the world's largest casino companies.  Caesars casino
resorts operate under the Caesars, Bally's, Flamingo, Grand
Casinos, Hilton and Paris brand names.  The Company has its
corporate headquarters in Las Vegas.  Harrah's announced its
re-branding to Caesar's in mid-November 2010.

In January 2015, Caesars Entertainment and subsidiary Caesars
Entertainment Operating Company, Inc., announced that holders of
more than 60% of claims in respect of CEOC's 11.25% senior secured
notes due 2017, CEOC's 8.5% senior secured notes due 2020 and
CEOC's 9% senior secured notes due 2020 have signed the Amended
and Restated Restructuring Support and Forbearance Agreement,
dated as of Dec. 31, 2014, among Caesars Entertainment, CEOC and
the Consenting Creditors.  As a result, The RSA became effective
pursuant to its terms as of Jan. 9, 2015.

Appaloosa Investment Limited, et al., owed $41 million on account
of 10% second lien notes in the company, filed an involuntary
Chapter 11 bankruptcy petition against CEOC (Bankr. D. Del. Case
No. 15-10047) on Jan. 12, 2015.  The bondholders are represented
by Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor
LLP.

CEOC and 172 other affiliates -- operators of 38 gaming and resort
properties in 14 U.S. states and 5 countries -- filed Chapter 11
bankruptcy petitions (Bank. N.D. Ill.  Lead Case No. 15-01145) on
Jan. 15, 2015.  CEOC disclosed total assets of $12.3 billion and
total debt of $19.8 billion as of Sept. 30, 2014.

Delaware Bankruptcy Judge Kevin Gross entered a ruling that the
bankruptcy proceedings will proceed in the U.S. Bankruptcy Court
for the Northern District of Illinois.

Kirkland & Ellis serves as the Debtors' counsel.  AlixPartners is
the Debtors' restructuring advisors.  Prime Clerk LLC acts as the
Debtors' notice and claims agent.  Judge Benjamin Goldgar presides
over the cases.

The U.S. Trustee has appointed seven noteholders to serve in the
Official Committee of Second Priority Noteholders and nine members
to serve in the Official Unsecured Creditors' Committee.

The U.S. Trustee appointed Richard S. Davis as Chapter 11
examiner.


CASA EN DENVER: Has Access to Cash Collateral Until March 22
------------------------------------------------------------
Judge Robert A. Mark has so far entered eight interim orders
authorizing Casa Media Partners, LLC, and Casa en Denver, Inc., to
use cash collateral.  

The eighth interim order was entered Jan. 25, 2016.  The latest
interim order provides that the Debtors have access to cash
collateral through the final hearing on the Debtors' motion to use
cash collateral.  The final hearing is scheduled for March 22, 2016
at 2:00 p.m., United States Bankruptcy Court, 301 N. Miami Avenue,
Courtroom 4, Miami, FL 33130.

Per agreement of the parties, the stay of the Illinois Litigation
referenced in paragraph 5 of the "Final Order Authorizing Debtors
to Enter Into Working Capital Contribution Commitment Agreement"
will be extended through and including the continued Final Hearing
date.

The Debtors stated in their motion to use cash collateral that Casa
Media allegedly owes Bank of Commerce $4,229,320 while Casa en
Denver allegedly owes the Bank approximately $7,773,489.

The Debtor proposes to grant the Bank replacement liens on
postpetition property acquired through the use of cash collateral.

                       About Casa en Denver

Casa Media Partners, LLC, and Casa en Denver, Inc., commenced
Chapter 11 bankruptcy cases (Bankr. S.D. Fla. Case Nos. 15-16741
and 15-16746) in Miami, Florida on April 15, 2015.  The petition
was signed by Juan Salvador Gonzalez, the chief financial officer.
Judge Hon. Robert A Mark presides over the cases.  The Debtors are
represented by Kristopher Aungst, Esq., at Tripp Scott, P.A., as
their counsel.


CASPIAN SERVICES: Incurs $16.8 Million Net Loss in Dec. 31 Qtr.
---------------------------------------------------------------
Caspian Services, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $16.8 million on $3.65 million of total revenues for the three
months ended Dec. 31, 2015, compared to a net loss of $2.86 million
on $6.09 million of total revenues for the same period in 2014.

As of Dec. 31, 2015, the Company had $33.8 million in total assets,
$112 million in total liabilities, all current, and a $77.9 million
total deficit.

At Dec. 31, 2015, the Company had cash on hand of $449,000 compared
to cash on hand of $1,372,000 at Sept. 30, 2015.  At Dec. 31, 2015,
total current liabilities exceeded total current assets by
$102,975,000.  This was mainly attributable to the Balykshi and
MOBY Loans, the put option and the Investor's Notes being
classified as current liabilities.

                         Bankruptcy Warning

"To our knowledge, as of the date of this report neither EBRD nor
Investor has sought to accelerate our obligations to them.  Should
EBRD seek to collect the Balykshi Loan or to accelerate the MOBY
Loan or the put option, or to enforce the MOBY Loan Guarantee or
the Company corporate guarantee, or any of our other financial
obligations to EBRD, or should Investor seek to accelerate
repayment of the Consolidated Note we would have insufficient funds
to satisfy any of those obligations, collectively or individually.
If we are unable to satisfy those obligations, EBRD or Investor
could seek any legal remedy available to it or him to obtain
repayment, including forcing the Company into bankruptcy, or in the
case of EBRD, foreclosing on the loan collateral, which includes
the marine base and other assets and bank accounts of Balykshi and
CRE, enforcing the Company corporate guarantee, and pursuing the
other assets of the Company," the Company stated in the report.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/0Vnxfd

                     About Caspian Services

Headquartered in Salt Lake City, Caspian Services, Inc., was
incorporated under the laws of the state of Nevada on July 14,
1998.  Since February 2002 the Company has concentrated its
business efforts to provide diversified oilfield services to the
oil and gas industry in western Kazakhstan and the Caspian Sea,
including providing a fleet of vessels, onshore, transition zone
and marine seismic data acquisition and processing services and a
marine supply and support base in the port of Bautino, in Bautino
Bay, Kazakhstan.

Caspian reported a net loss of $33.2 million on $16.4 million of
total revenues for the year ended Sept. 30, 2015, compared to a net
loss of $18.8 million on $29.9 million of total revenues for the
year ended Sept. 30, 2014.

Haynie & Company, P.C., in Salt Lake City, Utah, the Company's
independent accounting firm, included a "going concern"
qualification in its report on the consolidated financial
statements for the year ended Sept. 30, 2015.


CEQUEL COMMUNICATIONS: Bank Debt Trades at 2% Off
-------------------------------------------------
Participations in a syndicated loan under which Cequel
Communications Holdings is a borrower traded in the secondary
market at 97.60 cents-on-the-dollar during the week ended Friday,
Feb. 12, 2016, according to data compiled by LSTA/Thomson Reuters
MTM Pricing.  This represents a decrease of 0.67 percentage points
from the previous week.  Cequel Communications pays 325 basis
points above LIBOR to borrow under the $2.313 billion facility. The
bank loan matures on Dec. 26, 2022 and Moody's and Standard &
Poor's did not give any rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Feb. 12.



CHESAPEAKE ENERGY: To Cover $500-Mil. Debt Tab
----------------------------------------------
Joe Carroll, writing for Bloomberg Brief - Distress & Bankruptcy,
reported that Chesapeake Energy Corp. said it intends to pay a
half-billion dollar debt that's coming due in three weeks after
exceeding its first-quarter target for asset sales.

According to the report, the company has signed agreements to
divest $700 million in gas fields and other assets, overshooting
the $200 million to $300 million target communicated to investors
as recently as Dec. 16, the Oklahoma City-based shale driller said
in a statement on Feb. 24.  The company plans another $500 million
to $1 billion in divestitures in 2016, the report said.

The Troubled Company Reporter, citing Bloomberg Brief, previously
reported that Chesapeake Energy said it has no plans to seek
bankruptcy protection, dismissing a report that wiped out half the
U.S. natural gas driller's value.

According to the report, Kirkland & Ellis LLP has served as one of
Chesapeake's counsel since 2010 and continues to advise the
company
as it seeks to further strengthen its balance sheet following its
recent debt exchange, Chesapeake said in a statement Feb. 8.

The company's ability to pay off a half-billion dollars in debt in
March hinges on how much of a $1.76 billion nest egg and $4
billion
credit line has already been burned by the second-largest U.S.
natural gas producer, the report said.

As previously reported by the TCR in December 2015, citing Dow
Jones' Daily Bankruptcy Review, Chesapeake is
working with restructuring advisers at Evercore Partners Inc. to
shore up its balance sheet as commodity prices extend their
decline.  According to the DBR report, citing people familiar with
the matter, Evercore bankers are advising the natural-gas producer
on potential measures to reduce its $11.6 billion debt load, such
as exchanging existing bonds at a discount for new securities or
selling assets.

                       *     *     *

The Troubled Company Reporter, on Jan. 27, 2016, reported that
Standard & Poor's Ratings Services lowered its corporate credit
rating on Oklahoma City-based exploration and production company
Chesapeake Energy Corp. to 'CCC+' from 'B'.  The outlook is
negative.

At the same time, S&P lowered the senior unsecured debt ratings to
'CCC-' from 'CCC+'.  The '6' recovery rating is unchanged,
reflecting S&P's expectation for negligible recovery (0% to 10%)
in
the event of a payment default.




CHINA GINSENG: Incurs $1.77 Million Net Loss in Second Quarter
--------------------------------------------------------------
China Ginseng Holdings, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.77 million on $40,121 of revenues for the three months ended
Dec. 31, 2015, compared to a net loss of $746,354 on $146,972 of
revenues for the same period in 2014.

For the six months ended Dec. 31, 2015, the Company reported a net
loss of $2.52 million on $61,746 of revenues compared to a net loss
of $1.31 million on $152,214 of revenues for the six months ended
Dec. 31, 2014.

As of Dec. 31, 2015, China Ginseng had $8.49 million in total
assets, $19.93 million and a total stockholders' deficit of $11.97
million.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/ZVDetZ

                       About China Ginseng

Changchun City, China-based China Ginseng Holdings, Inc., conducts
business through its four wholly-owned subsidiaries located in
China.  The Company has been granted 20-year land use rights to
3,705 acres of lands by the Chinese government for ginseng
planting and it controls, through lease, approximately 750 acres
of grape vineyards.  However, recent harvests of grapes showed
poor quality for wine production which indicates that the
vineyards are no longer suitable for planting grapes for wine
production.  Therefore, the Company has decided not to renew its
lease for the vineyards with the Chinese government upon
expiration in 2013 and, going forward, it intends to purchase
grapes from the open market in order to produce grape juice and
wine.

China Ginseng reported a net loss of $3.90 million on $272,600 of
revenue for the year ended June 30, 2015, compared with a net loss
of $4.76 million on $2.61 million of revenue for the year ended
June 30, 2014.

Cowan, Gunteski & Co., P.A., in Tinton Falls, NJ, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2015, citing that the Company had net
losses of $3.90 million and $4.76 million for the years ended
June 30, 2015 and 2014, respectively, an accumulated deficit of
$18.1 million at June 30, 2015 and a working capital deficit of
$16.5 million at June 30, 2015, and there are existing uncertain
conditions the Company faces relative to its ability to obtain
working capital and operate successfully.  These conditions raise
substantial doubt about its ability to continue as a going concern.


CLEARWATER PAPER: S&P Raises CCR to 'BB+', Outlook Stable
---------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Spokane, Wash.-based Clearwater Paper Corp. to
'BB+' from 'BB'.  At the same time, S&P raised its issue-level
ratings on the company's senior unsecured notes, due 2023 and 2025,
to 'BB+' from 'BB', on par with S&P's corporate credit rating.  The
recovery rating on the senior unsecured debt is '3', indicating
S&P's expectation for meaningful (50% to 70%; high end of the
range) recovery to debtholders in the event of default.

"Our stable outlook reflects our expectations that despite flat or
slightly lower revenues over the next year, continued improvement
in EBITDA margins from its strategic initiatives aimed at
increasing efficiency in its consumer products segment will hold
leverage in the high-2x area and drive incremental improvement in
the company's cash flow measures," said Standard & Poor's credit
analyst Christopher Andrews.

S&P could lower the rating to 'BB' if it believes leverage will be
sustained above 3x, which could occur if the company's capital
projects do not produce the expected production efficiencies or if
commodity paperboard or other inputs experience a protracted
unfavorable pricing environment.

S&P views a positive rating action as highly unlikely over the next
12 months, due to its forecast of leverage to remain well above 2x
and FFO to debt of less than 30% while the company remains exposed
to commodity input costs and is much smaller than investment
grade-rated tissue and paperboard peers.


CLEVELAND BIOLABS: Reports 2015 Financial Results
-------------------------------------------------
Cleveland Biolabs, Inc., reported a net loss of $1.66 million on
$1.26 million of revenues for the quarter ended Dec. 31, 2015,
compared to net income of $10.7 million on $1.39 million of
revenues for the same period in 2014.

For the year ended Dec. 31, 2015, the Company reported a net loss
of $13.04 million on $2.70 million of revenues compared to net
income of $35,366 on $3.70 million of revenues for the year ended
Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $20.9 million in total assets,
$5.84 million in total liabilities and $15.0 million in total
stockholders' equity.

As of Dec. 31, 2015, the Company had $19.6 million in cash, cash
equivalents and short-term investments, which, based on the
Company's current operational plan, is expected to fund the
Company's operating requirements beyond one year.

Yakov Kogan, Ph.D., MBA, chief executive officer, stated, "The past
year was one of significant momentum and accomplishment for CBLI.
We strengthened our financial resources through the addition of a
$25 million strategic investor and the award of $15.8 million in
funding from the Department of Defense Congressionally Directed
Medical Research Programs for continued development of entolimod's
biodefense indication.  We streamlined our corporate structure with
the sale of Incuron, while retaining a royalty on Incuron's future
success.  We achieved several major milestones with our development
programs, including the submission of a pre-Emergency Use
Authorization (pre-EUA) dossier for entolimod as a radiation
countermeasure and presentation of clinical oncology data for
entolimod at the 2015 annual meeting of the American Society of
Clinical Oncology.  And, we commenced or continued clinical studies
designed to further substantiate the potential of our Toll-like
receptor agonists, entolimod, CBLB612 and Mobilan."

"The pursuit of commercialization for entolimod as a radiation
countermeasure remains our top priority," continued Dr. Kogan.  "We
continue to work with the U.S. Food and Drug Administration to
facilitate the review of our pre-EUA dossier.  Products with
pre-EUA status may be purchased by certain US government
stakeholders for stockpiling in the event of a disaster and we
believe achievement of this status may also increase interest from
foreign governments.  We recently initiated a regulatory process
with the European Medicines Agency, which has granted entolimod
orphan drug designation for the treatment of acute radiation
syndrome, and we continue to evaluate other foreign markets."

A full-text copy of the press release is available for free at:

                     http://is.gd/LJ6VHo

                    About Cleveland BioLabs

Cleveland BioLabs, Inc. (NASDAQ: CBLI) is a biopharmaceutical
company developing novel approaches to activate the immune system
and address serious unmet medical needs.  The Buffalo, New
York-based company's proprietary platform of toll-like immune
receptor activators has applications in radiation mitigation,
oncology immunotherapy and vaccines.


COFFEE CREEK: Case Summary & 4 Unsecured Creditors
--------------------------------------------------
Debtor: Coffee Creek MRI Development, LLC
        5940 W. Touhy Ave., #240
        Niles, IL 60714-4689

Case No.: 16-20364

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 23, 2016

Court: United States Bankruptcy Court
       Northern District of Indiana (Hammond Division)

Judge: Hon. Philip J. Klingeberger

Debtor's Counsel: Jacqueline S. Homann, Esq.
                  JONES OBENCHAIN, LLP
                  202 S. Michigan St., 600 Key Bank Bldg.
                  P. O. Box 4577
                  South Bend, IN 46634-4577
                  Tel: (574) 233-1194
                  E-mail: jshbankruptcy@jonesobenchain.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

Largest unsecured creditor: Martin Hall, $230,411

The petition was signed by Martin Hall, member.

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/innb16-20364.pdf


CONDADO RESTAURANT: Case Summary & 21 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Condado Restaurant Group, Inc.
        1077 Ashford Ave.
        San Juan, PR 00907

Case No.: 16-01329

Chapter 11 Petition Date: February 24, 2016

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Debtor's Counsel: Javier A Vega Villalba, Esq.
                  WEINSTEIN BACAL & MILLER, PSC
                  Gonzalez Padin Bldg Penthouse
                  154 Rafael Cordero
                  San Juan, PR 00901
                  E-mail: jvv@w-bmlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

Largest unsecured creditor: Banco De Dessarrollo, $873,764

The petition was signed by Dayn Smith, president.

A list of the Debtor's 21 largest unsecured creditors is available
for free at http://bankrupt.com/misc/prb16-01329.pdf


COUDERT BROTHERS: Orrick to Pay $165K to Settle China Biz Licenses
------------------------------------------------------------------
Pete Brush at Bankruptcy Law360 reported that Orrick Herrington &
Sutcliffe LLP will pay a Chapter 11 administrator $165,000 to
settle claims that it improperly squeezed a $2.7 million price
break from Coudert Brothers LLP for Chinese business licenses
before the defunct law firm plunged into bankruptcy in 2006, a
Manhattan federal judge heard on Feb. 17, 2016.  The
pennies-on-the-dollar deal before U.S. District Judge Colleen
McMahon came on the morning of a single-day bench trial that was
supposed to sort out the 2010 lawsuit brought by plan administrator
Development Specialists Inc.

                      About Coudert Brothers

Coudert Brothers LLP was an international law firm specializing in
complex cross-border transactions and dispute resolution. The
firm had operations in Australia and China. Coudert filed for
Chapter 11 protection (Bankr. S.D.N.Y. Case No. 06-12226) on
Sept. 22, 2006. John E. Jureller, Jr., Esq., and Tracy L.
Klestadt, Esq., at Klestadt & Winters, LLP, represented the Debtor
in its restructuring efforts. Brian F. Moore, Esq., and David J.
Adler, Esq., at McCarter & English, LLP, represented the Official
Committee of Unsecured Creditors. Coudert scheduled total assets
of $30.0 million and total debts of $18.3 million as of the
Petition Date. The Bankruptcy Court in August 2008 signed an order
confirming Coudert's chapter 11 plan. The Plan contemplated on
paying 39% to unsecured creditors with $26 million in claims.

Coudert has been succeeded by Development Specialists, Inc. in its
capacity as Plan Administrator under the confirmed chapter 11
plan.


CURTIS JAMES JACKSON: Says Creditors' Plan Indentured Servitude
---------------------------------------------------------------
Y. Peter Kang at Bankruptcy Law360 reported that rapper 50 Cent
urged a Connecticut federal judge on Feb. 15, 2016, to reject a
bankruptcy plan proposed by SunTrust Bank and other creditors owed
more than $30 million, saying the plan amounts to "indentured
servitude."  50 Cent, whose legal name is Curtis James Jackson III,
filed an objection in Connecticut bankruptcy court asking U.S.
Bankruptcy Judge Ann M. Nevins to reject the disclosure statement
of the bankruptcy plan proposed by creditors Sleek Audio LLC,
SunTrust and Lastonia Leviston, saying it violates his
constitutional rights.

50 Cent, whose legal name is Curtis James Jackson III, filed a
motion Feb. 3, asking U.S. Bankruptcy Judge Ann M. Nevins to
approve an amendment to his brand collaboration agreement with Jim
Beam Brands, saying it will add a year to his contract.

Curtis James Jackson, III, aka 50 Cent, filed for Chapter 11
bankruptcy protection (Bankr. D. Conn. Case No. 15-21233) on
July 13, 2015.


DETROIT, MI: Schools Hit Debt Limit, Risk Being Unable to Pay Bills
-------------------------------------------------------------------
Darrell Preston, writing for Bloomberg Brief - Distress &
Bankruptcy, reported that Detroit's public schools have reached
their borrowing limit and won't be able to take on more debt to pay
bills when money runs out in April if Michigan lawmakers don't
restructure some of its $2 billion of obligations, state officials
said.

According to the report, though the district has borrowed when it
ran out of money before, it has reached the statutory limit of its
ability to do that, said Terry Stanton, spokesman for Michigan's
Treasury Department.  This month the amount of state aid that's
siphoned off to service debt will jump to roughly what is spent on
salaries and benefits, pressuring the district's ability to pay its
bills in April, the report related.

The district may have to stop paying workers if lawmakers fail to
reach an agreement, the report cited Peter Wills, chief of staff to
state Senator Goeff Hansen, the Republican sponsor of restructuring
legislation, as saying.

                About the City of Detroit

The City of Detroit, Michigan, weighed down by more than $18
billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit estimated
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by lawyers
at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The City's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured
and unsecured general obligations, and $1.43 billion on pension-
related debt, according to a court filing.  Debt service consumes
42.5 percent of revenue.  The city has 100,000 creditors and
20,000 retirees.

Detroit is represented by David G. Heiman, Esq., and Heather
Lennox, Esq., at Jones Day, in Cleveland, Ohio; Bruce Bennett,
Esq., at Jones Day, in Los Angeles, California; and Jonathan S.
Green, Esq., and Stephen S. LaPlante, Esq., at Miller Canfield
Paddock and Stone PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.

A nine-member official committee of retired workers appointed in
the case is represented by Dentons US LLP.  Lazard Freres & Co.
LLC serves as the Retiree Committee's financial advisor.

Detroit filed a notice that the effective date of its
bankruptcy-exit plan occurred on Dec. 10, 2014.  Judge Steven
Rhodes on Nov. 12, 2014, entered an order confirming the Eighth
Amended Plan for the Adjustment of Debts of the City of Detroit.

Thomas Tucker, a federal bankruptcy judge since 2003, took over
Detroit's landmark bankruptcy case following the retirement of
Judge Rhodes.


DEX MEDIA: Bank Debt Trades at 66% Off
--------------------------------------
Participations in a syndicated loan under which Dex Media East LLC
is a borrower traded in the secondary market at 44.30
cents-on-the-dollar during the week ended Friday, Feb. 12, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 2.40 percentage points from the
previous week.  Dex Media pays 250 basis points above LIBOR to
borrow under the $950 million facility. The bank loan matures on
Oct. 24, 2016 and Moody's and Standard & Poor's did not give any
ratings.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Feb. 12.


DORAL FINANCIAL: Committee Seeks to Hire McConnell as Tax Counsel
-----------------------------------------------------------------
The Committee of Unsecured Creditors of Doral Financial Corporation
seeks to retain the law firm of McConnell Valdes LLC as special
Puerto Rico tax counsel.

McConnell Valdes has agreed to provide the Committee with legal
advice concerning the application of Puerto Rico tax law to a
potential sale of the Debtor and/or its assets, the preservation of
the value of certain of the Debtor's tax attributes, and provide
advice related to Puerto Rico tax law in any actions related to the
tax attributes during the term of McConnell Valdes' engagement.

The Committee has agreed to pay McConnell Valdes hourly fees at
these rates:

     Capital Members             $190 to $375
     Of-Counsel                  $285 to $360
     Independent Contractor      $285 to $360
     Counsel                     $185 to $350
     Income Members              $175 to $240
     Associates                  $140 to $180
     Paralegals                  $130 to $145
     Law Clerks                      $120

Arturo J. Garcia-Sola, Managing Director of McConnell Valdes,
assures the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Committee.

The firm can be reached at:

         Arturo J. Garcia-Sola
         Managing Director
         Capital Member, Litigation Practice Group
         McCONNELL VALDES
         270 Munoz Rivera Avenue
         Hato Rey, Puerto Rico 00918
         Tel: 787-250-5632
         E-mail: ajg@mcvpr.com

                     About Doral Financial

Doral Financial Corporation is a holding company whose primary
operating asset was equity in Doral Bank.  DFC maintains offices in
New York City, Coral Gables, Florida and San Juan, Puerto Rico. DFC
has three wholly-owned subsidiaries: (i) Doral Properties, Inc.,
(ii) Doral Insurance Agency, LLC ("Doral Insurance"), and (iii)
Doral Recovery, Inc.

On Feb. 27, 2015, regulators placed Doral Bank into receivership
and named the Federal Deposit Insurance Corp. as receiver.  Doral
Bank served customers through 26 branches located in New York,
Florida, and Puerto Rico.

DFC sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
15-10573) in Manhattan on March 11, 2015.  The case is assigned to
Judge Shelley C. Chapman.

DFC estimated $50 million to $100 million in assets and $100
million to $500 million in debt as of the bankruptcy filing.

The Debtor tapped Ropes & Gray LLP as counsel.

The U.S. trustee overseeing the Chapter 11 case of Doral Financial
Corp. appointed five creditors of the company to serve on the
official committee of unsecured creditors.  The Committee is
represented by Brian D. Pfeiffer, Esq., and Taejin Kim, Esq., at
Schulte Roth & Zabel LLP.

On Nov. 25, 2015, Doral Properties filed a voluntary petition with
the Court for relief under Chapter 11 of the Bankruptcy Code.

The Office of the U.S. Trustee appointed five creditors to the
official committee of unsecured creditors.  Schulte Roth & Zabel
LLP represents the committee.


EDGEWELL PERSONAL: Moody's Lowers CFR to Ba2, Outlook Stable
------------------------------------------------------------
Moody's Investors Service downgraded Edgewell Personal Care Co.'s
Corporate Family Rating (CFR) and Probability of Default Rating to
Ba2 and Ba2-PD, from Ba1 and Ba1-PD, respectively.  Concurrently,
Moody's downgraded the ratings on Edgewell's senior unsecured notes
to Ba2 from Ba1 and lowered the Speculative Grade Liquidity (SGL)
rating to SGL-2 from SGL-1.

These actions reflect the company's weakened credit metrics
stemming from weaker than expected earnings, debt financed share
repurchases, and modestly weaker liquidity profile.  Though
Edgewell generates solid free cash flow, the company is
increasingly reliant on its senior unsecured revolver -- in part to
fund share repurchases.  Moody's believes that this reflects a more
aggressive financial policy than it had expected at the time of the
spin-off of the battery business in June 2015.  The outlook is
stable.

Ratings Downgraded

   -- Corporate Family Rating to Ba2 from Ba1;

   -- Probability of Default Rating to Ba2-PD from Ba1- PD;

   -- $500 million Senior Unsecured Notes to Ba2 (LGD 4) from Ba1
      (LDG 4);

   -- $600 million Senior Unsecured Notes to Ba2 (LGD 4) from Ba1
      (LDG 4)

   -- Speculative Grade Liquidity Rating lowered to SGL-2 from
      SGL-1.

The outlook is stable.

Edgewell's Ba2 Corporate Family Rating (CFR) reflects the company's
high leverage, aggressive financial policies, modest scale, and
concentration in mature, highly-promotional categories. Over the
past two quarters, Edgewell has increased its utilization under its
$600 million revolving credit facility, primarily to fund $250
million in share repurchases.  This has resulted in debt-to-EBITDA
leverage of approximately 5x (versus around 3.6x post-spin).
Moody's expects that Edgewell will maintain a shareholder friendly
posture, and will likely continue to utilize its revolver to fund
additional share repurchases.  The company's willingness to engage
in such shareholder friendly activities while it is facing
competitive challenges, FX volatility, and post-spin restructuring
efforts is resulting in weakening credit metrics.

The stable outlook reflects Moody's expectation that the company
will reduce financial leverage through a combination of EBITDA
growth and debt repayments.  It also reflects the rating agency's
expectation that Edgewell will continue to generate strong free
cash flow and maintain good liquidity.

A downgrade could occur if operating performance deteriorates, or
if Edgewell's post-spin restructuring efforts are stymied.  Ratings
could also be downgraded if the company is unable to achieve and
sustain debt-to EBITDA below 4.5x within the next 12 months.  Other
factors that could contribute to a downgrade include a
deterioration in the company's liquidity or continued debt financed
share repurchases.  Edgewell's ratings could be upgraded if it
improves its scale and diversification, and it sustains solid
organic growth.  An upgrade would also require improved credit
metrics such that Moody's expects debt/EBITDA to be sustained below
3.5x.

The principal methodology used in these ratings was that for the
Global Packaged Goods published in June 2013.

Edgewell Personal Care Co., based in St. Louis, Missouri
manufactures, markets and distributes branded personal care
products in the wet shave, skin and sun care, feminine care, and
infant care categories.  The company has a portfolio of over 25
brands and a global footprint in over 50 countries.  Edgewell's net
sales for the 12 months ended December 2015 were approximately $2.4
billion.


EFT HOLDINGS: Posts $11.5 Million Net Income for Third Quarter
--------------------------------------------------------------
EFT Holdings, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $11.5 million on $81,073 of net total revenues for the three
months ended Dec. 31, 2015, compared to a net loss of $4.12 million
on $338,097 of net total revenues for the same period in 2014.

For the nine months ended Dec. 31, 2015, the Company reported net
income of $13.7 million on $339,311 of net total revenues compared
to a net loss of $4.36 million on $800,040 of net total revenues
for the same period in 2014.

As of Dec. 31, 2015, EFT Holdings had $18.6 million in total
assets, $12.5 million in total liabilities, all current, and $6.15
million in total equity.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/D0gb2e

                         About EFT Holding

California-based EFT Holdings, Inc., is primarily an e-Business
company designed around the "Business-to-Customer" concept, which
means that the Company's products are sold directly to customers
through its web site.  The Company's "Business-to-Customer" model
differs from the traditional "Business to Business" model where
products are sold to distributors who then sell the products to
ultimate customers.

EFT Holdings reported a net loss of $5.30 million on $968,000 of
net total revenues for the year ended March 31, 2015, compared to a
net loss of $20.3 million on $1.80 million of net total revenues
for the year ended March 31, 2014.


EIDOS LLC: 341 Meeting of Creditors Set for March 10
----------------------------------------------------
The meeting of creditors of Eidos LLC and its affiliated debtors is
set to be held on March 10, 2016, at 10:00 a.m., according to a
filing with the U.S. Bankruptcy Court for the Eastern District of
Virginia.

The meeting will be held at 115 South Union Street, Suite 208,
Alexandria, Virginia.

The court overseeing the bankruptcy case of a company schedules the
meeting of creditors usually about 30 days after the bankruptcy
petition is filed.  The meeting is called the "341 meeting" after
the section of the Bankruptcy Code that requires it.

A representative of the company is required to appear at the
meeting and answer questions under oath.  The meeting is presided
over by the U.S. trustee, the Justice Department's bankruptcy
watchdog.

                         About Eidos LLC

On February 4, 2016, Eidos LLC and six affiliated debtors each
filed a Chapter 11 bankruptcy petition in the United States
Bankruptcy Court for the Eastern District of Virginia (Alexandria).
The cases are assigned to Judge Brian F. Kenney.
.
The Debtors have tapped Odin, Feldman & Pittleman P.C. as their
legal counsel.

The Debtors estimated assets of $100 million to $500 million and
debts of $50 million to $100 million.


EMERALD INVESTMENTS: Liquidating Plan Declared Effective
--------------------------------------------------------
Ian J. Gazes, the Chapter 11 trustee of Ashley River Consulting,
LLC and Emerald Investments, LLC, notified parties-in-interest that
the effective date of the Debtors' liquidating plan occurred Jan.
22, 2016.

On Oct. 9, 2015, Kriti Ripley, LLC, Ashley River Properties II,
LLC, and the Chapter 11 Trustee filed a First Amended Joint Plan of
Liquidation of the Debtors.  The Plan contemplated an 11 U.S.C.
Sec. 363 sale process in order to pay off:

     -- Kriti's $1,687,023 claim,
     -- general unsecured claims, and
     -- equity holders.

The Chapter 11 Trustee negotiated with Kriti to be able to market
the Marina Property (70% owned by Emerald and 30% by ARP II) and
not just Emerald's 70% indirect interest therein, given the
anticipated difficulties of marketing Emerald's 70% indirect
interest in ARP II.

To protect the sale price of the Marina Property, the Trustee
established an unpublicized $18 million reserve price.  The Marina
Property had to sell for more than $18 million for unsecured
creditors to receive any recovery.  As the highest bid received --
full of non-qualifying conditions -- was for only $8.5 million, the
Trustee agreed as part of the proposed Plan, to relinquish to Kriti
Emerald's 70% non-voting interest in ARP II.

On Nov. 6, 2015, Judge Martin Glenn entered a memorandum opinion
overruling plan confirmation objections by The Gayla Longman Family
Irrevocable Trust.  A copy of the memorandum opinion is available
for free at:

    http://bankrupt.com/misc/Emerald_I_102_Plan_Conf_Memo.pdf

On Nov. 6, 2015, the Bankruptcy Court entered the Order Confirming
First Amended Plan of Liquidation.  A copy of the Plan Confirmation
Order is available at:

    http://bankrupt.com/misc/Emerald_I_103_PLan_Conf_Ord.pdf

The Plan Proponents on Feb. 1, 2016 announced that all conditions
precedent to the effective date of the Plan have been satisfied or
waived, and (b) for all purposes, the Effective Date is and shall
be Jan. 22, 2016.

                         Claims Bar Dates

Pursuant to the Plan and the Confirmation Order, Feb. 22, 2016 was
established as the last date and time for the filing of requests
for the allowance of Administrative Claims against the Debtors.

Pursuant to the Plan and the Confirmation Order, March 8, 2016 has
been established as the last date and time for the filing of
requests for the allowance of Professional Fee Claims against the
Debtors, including the Claim of any Professional retained in the
Chapter 11 Case pursuant to sections 327 and/or 1103 of the
Bankruptcy Code or otherwise, for compensation or reimbursement of
costs and expenses relating to services incurred after the Petition
Date and prior to and including the Effective Date.

Counsel for Kriti Ripley, LLC And Ashley River Properties II, LLC:

         EMMET, MARVIN & MARTIN, LLP
         Thomas A. Pitta, Esq.
         120 Broadway, 32nd Floor
         New York, NY 10271
         Tel: (212) 238-3000
         Fax: (212) 238-3100

Counsel for Chapter 11 Trustee Ian J. Gazes:

         Ian J. Gazes, Esq.
         GAZES LLC
         151 Hudson Street
         New York, NY 10013
         Tel: (212) 765-9000
         Fax: (212) 765-9675

                   About Emerald Investments

Ashley River Consulting, LLC and Emerald Investments, LLC are
limited liability companies. Emerald is wholly owned by the Longman
Trust. ARC is 80% owned by Emerald.  20% of ARC is owned by David
A. Thomas ("Thomas"), who is the manager of each of the Debtors.
Stuart Longman ("Longman") is the principal of each of the Debtors
and is the trustee of the Longman Trust.

Kriti Ripley, LLC and Emerald formed Ashley River Properties II,
LLC ("ARP II") in 2003 for the purpose of developing a marina and
condominiums (the "Marina Property") on a parcel of property in
Charleston, South Carolina.  Under the operating agreement, Emerald
made in-kind contributions, including the Marina Property, in
exchange for its 70% membership interest (the "Emerald Membership
Interest"), and Kriti contributed $1.25 million in cash in exchange
for the remaining 30% membership interest.

Ashley River Consulting, LLC and Emerald Investments, LLC sought
Chapter 11 protection (Bankr. S.D.N.Y. Case No. 14-13406 and
14-13407) in Manhattan on Dec. 15, 2014.  The cases are assigned to
Judge Martin Glenn.

Norwalk, Connecticut-based Emerald Investments estimated $10
million to $50 million in assets and less than $10 million in
debt.  

The Debtors tapped David Y. Wolnerman, Esq., at White &
Wolnerman, PLLC, in New York, as counsel.

On March 18, 2015, the Court approved the appointment of Ian J.
Gazes as chapter 11 Trustee.  The Trustee tapped his own firm Gazes
LLC as attorneys.

No statutory committee has been appointed in these chapter 11
cases.


ENERGY FUTURE: Watchdog Says Chapter 11 Fees at $300M and Rising
----------------------------------------------------------------
Matt Chiappardi at Bankruptcy Law360 reported that professional
fees in the massive Energy Future Holdings Corp. Chapter 11
bankruptcy have grown to nearly $300 million and are likely to
continue rising, the Delaware bankruptcy court learned on Feb. 18,
2016, during a presentation from the special watchdog committee
tasked with keeping an eye on the costs.

During a hearing in Wilmington, U.S. Bankruptcy Court Judge
Christopher S. Sontchi agreed to give interim approval to a package
of about $78.6 million in fees and expenses, subject to certain
reductions, for the period between May and August 2015.

                       About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a Portfolio
of competitive and regulated energy businesses in Texas.

Oncor, an 80 percent-owned entity within the EFH group, is the
largest regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
Jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported assets of $36.4 billion in
book value and liabilities of $49.7 billion.  The Debtors have $42
billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
Agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as
legal advisor, and Centerview Partners, as financial advisor.  The
EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented
by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and Gregory A.
Taylor, Esq., and Brown Rudnick LLP's Edward S. Weisfelner, Esq.,
Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq., Jeremy B. Coffey,
Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


EXELIXIS INC: State Street Reports 3.9% Stake as of Dec. 31
-----------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, State Street Corporation disclosed that as of Dec. 31,
2015, it beneficially owns 8,930,765 shares of common stock of
Exelixis, Inc. representing 3.9 percent of the shares outstanding.
A copy of the regulatory filing is available for free at:

                     http://is.gd/yvUKIF

                     About Exelixis Inc.

Headquartered in South San Francisco, California, Exelixis, Inc.,
develops innovative therapies for cancer and other serious
diseases.  Through its drug discovery and development activities,
Exelixis is building a portfolio of novel compounds that it
believes has the potential to be high-quality, differentiated
pharmaceutical products.

Exelixis reported a net loss of $269 million on $25.1 million of
total revenues for the year ended Dec. 31, 2014, compared with a
net loss of $245 million on $31.3 million of total revenues in
2013.

As of Sept. 30, 2015, the Company had $363.24 million in total
assets, $437.46 million in total liabilities and a $74.22 million
total stockholders' deficit.


EXTREME PLASTICS: Citizens Bank OKs Cash Use Until March 11
-----------------------------------------------------------
Citizens Bank of Pennsylvania, the agent for lenders under a
prepetition $52 million credit facility provided to debtor Extreme
Plastics Plus, Inc., filed a reservation of rights with respect to
the Debtors' bid to use cash collateral to make payments under any
final orders granting these motions:

   * Motion for entry of an order (i) authorizing payment of
     wages and employee benefits; and (ii) directing financial
     institutions to honor and process checks and transfers
     related to such obligations;

   * Motion for entry of an order (i) authorizing the Debtors
     to continue prepetition insurance coverage policies and
     practices; (ii) continuing bond coverage; and (iii)
     directing banks to honor all payments related thereto;

   * Motion for entry of an order authorizing debtors to pay
     certain prepetition claims of critical vendors;

   * Motion for an order authorizing the Debtors to pay
     prepetition sales and use taxes in the ordinary course of
     business;

   * Application pursuant to Sections 327(a) and 1107 of the
     Bankruptcy Code, Fed. R. Bankr. P. 2014(a) and Del. Bankr.
     L. R. 2014-1 for an order authorizing the employment and
     retention of Sullivan Hazeltine Allison LLC as counsel for
     the Debtors nunc pro tunc to the Petition Date;

   * Application of Debtors Pursuant to Section 363(b) of the
     Bankruptcy Code to employ (I) Opportune LLP as crisis
     managers and (II) Ryan Bouley as Chief Restructuring Officer
     and certain additional personnel, nunc pro tunc to the
     Petition Date;

   * Debtors' application for entry for an order (a) approving the
     employment and retention of Epiq Bankruptcy Solutions, LLC as
     Administrative Advisor;

   * Motion of the Debtors for an order pursuant to 11 U.S.C.
     Sec. 105(a) and 331 establishing procedures for interim
     compensation and reimbursement of expenses of professionals;
     and

   * Motion for entry of an order authorizing retention and
     payment of professionals utilized by the Debtors in the
     ordinary course of business.

Citizens Bank does not object to entry of final orders on the
Motions. Any payments made in accordance with the authority granted
under those final orders, however, must comply in all respects with
the order and related budget that governs the Debtors' cash
collateral usage.  At the present time, the Agent and the Debtors
have agreed to a form of consensual order that would allow the
Debtors to continue their cash collateral use until 5:00 p.m. (ET)
on March 11, 2016.

The Agent intends to continue its negotiations with the Debtors on
a more permanent cash collateral order, but those discussions are
dependent in large part on the Agent's and the Debtors' ability to
reach a consensus on the overall direction of the instant cases.

On Feb. 1, 2016, the Debtor filed a motion authorizing the
postpetition use of cash collateral.  The Debtors said they have
been unable to obtain commitments for postpetition financing, thus
cash collateral will be the sole source of funding for their
operations.  As adequate protection, the secured lenders will
receive superpriority administrative claims and replacement liens.


On Feb. 3, Judge Mary Walrath entered an interim order authorizing
the Debtors to use cash collateral.  A final hearing is scheduled
for Feb. 25.

Attorneys for Citizens Bank of Pennsylvania

         Zachary I. Shapiro, Esq.
         Daniel J. DeFranceschi, Esq.
         RICHARDS, LAYTON & FINGER, P.A.
         One Rodney Square
         920 N. King St.
         Wilmington, DE 19801
         Telephone: (302) 651-7819
         Direct Fax: (302) 498-7819
         E-mail: defranceschi@rlf.com
                 shapiro@rlf.com

                - and -

         Brad B. Erens, Esq.
         Timothy W. Hoffmann, Esq.
         JONES DAY
         77 W. Wacker
         Chicago, IL 60601
         Telephone: (312) 782-3939
         E-mail: bberens@jonesday.com
                 thoffmann@jonesday.com

                      About Extreme Plastics

Founded in 2007, privately-held Extreme Plastics Plus, Inc.,
operates an environmental containment business specializing in
providing environmental lining, above ground storage tanks,
composite rig mats, secondary steel wall containment systems, and
closed loop solids control services, primarily for the oil and gas
industry.  Extreme Plastics has six facilities in Fairmont, West
Virginia, Tunkhannock, Pennsylvania, St. Clairsville, Ohio, Moore,
Texas, Odessa, Texas, and Oklahoma City, Oklahoma.

The stock of Extreme Plastics is held entirely by EPP Intermediate
Holdings, Inc.  The stock of EPP Intermediate is held entirely by
EPP Holding Company, LLC, a non-debtor.

Extreme Plastics, and affiliate EPP Intermediate Holdings, Inc.,
sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
16-10221) on Jan. 31, 2016, as the ongoing decline in the price of
oil and natural gas negatively impacted demand of the Debtors'
services.

Extreme Plastics estimated $10 million to $50 million in assets and
$50 million to $100 million in debt.  EPP Intermediate estimated $1
million to $10 million in assets and $50 million to $100 million in
debt.

As of the Petition Date, Extreme Plastics owes $49.5 million under
a secured facility provided by lenders led by Citizens Bank of
Pennsylvania, as agent.   The facility is secured by a lien in
substantially all of the Debtors' assets, as well as a pledge of
100% of the equity in Extreme Plastics and EPP Intermediate.

The Debtors tapped Sullivan Hazeltine Allinson LLC as attorneys and
Epiq Bankruptcy Solutions, LLC, as claims and noticing agent.


FAIRPOINT COMMUNICATIONS: Bank Debt Trades at 2% Off
----------------------------------------------------
Participations in a syndicated loan under which Fairpoint
Communications is a borrower traded in the secondary market at
97.70 cents-on-the-dollar during the week ended Friday, Feb. 12,
2016, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 0.50 percentage points from
the previous week.  Fairpoint Communications pays 625 basis points
above LIBOR to borrow under the $0.640 billion facility. The bank
loan matures on Feb. 14, 2019 and carries Moody's B2 rating and
Standard & Poor's B rating.  The loan is one of the biggest gainers
and losers among 247 widely quoted syndicated loans with five or
more bids in secondary trading for the week ended Feb. 12.


FIRST DATA: Bank Debt Due 2018 Trades at 2% Off
-----------------------------------------------
Participations in a syndicated loan under which First Data Corp is
a borrower traded in the secondary market at 97.91
cents-on-the-dollar during the week ended Friday, Feb. 12, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.63 percentage points from the
previous week.  First Data Corp pays 350 basis points above LIBOR
to borrow under the $4.6 billion facility. The bank loan matures on
March 15, 2018 and carries Moody's BB rating and Standard & Poor's
B1 rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Feb. 12.


FIRST DATA: Bank Debt Due 2022 Trades at 3% Off
-----------------------------------------------
Participations in a syndicated loan under which First Data Corp is
a borrower traded in the secondary market at 96.52
cents-on-the-dollar during the week ended Friday, Feb. 12, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 1.43 percentage points from the
previous week.  First Data Corp pays 375 basis points above LIBOR
to borrow under the $2.0 billion facility. The bank loan matures on
July 22, 2022 and carries Moody's BB rating and Standard & Poor's
B1 rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Feb. 12.


FORTESCUE METALS: Bank Debt Trades at 33% Off
---------------------------------------------
Participations in a syndicated loan under which Fortescue Metals
Group Ltd is a borrower traded in the secondary market at 67.43
cents-on-the-dollar during the week ended Friday, Feb. 12, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 1.32 percentage points from the
previous week.  Fortescue Metals pays 275 basis points above LIBOR
to borrow under the $4.95 billion facility. The bank loan matures
on June 13, 2019 and carries Moody's Ba1 rating and Standard &
Poor's BB+ rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended Feb. 12.


FPMC SAN ANTONIO: Seeks to Employ CBRE as Real Estate Broker
------------------------------------------------------------
FPMC San Antonio Realty Partners, LP, seeks Bankruptcy Court
authorization to employ CBRE, Inc., as real estate broker, nunc pro
tunc to the Petition Date.

The Debtor’s primary asset is a property commonly known as the
Forrest Park Medical Center Hospital and Medical Office Building
located at 5510 Presidio Parkway in San Antonio, Texas.  Forrest
Park Medical Center Hospital is a specialty surgical hospital and
medical office building. The four-story, 150,000 square-foot
hospital has 54 beds, 12 operating rooms, two procedure rooms,
state-of-the-art diagnostic imaging, and in-house pharmacy
services.  The Property includes an adjacent 4-story, 84,000 square
foot Medical Office Building, together with a parking garage.

The Debtor engaged CBRE on Oct. 1, 2015 as its broker to sell the
Property pursuant to the Exclusive Sale Listing Agreement.

Pursuant to the Exclusive Sale Listing Agreement, CBRE will perform
services for the Debtors, including:

  a. marketing the Property;

  b. assistance with negotiations regarding any potential
transactions involving the Property;

  c. analysis of and recommendations regarding offers for
transactions involving the Property; and

  d. assistance with consummation of any transactions involving the
Property.

The Exclusive Sale Listing Agreement provides that CBRE will be
paid a commission, due in full at the time of closing or transfer
of title to the Property, of (i) 1.00% of the gross sales price;
however, if the Property is purchased by either Amicus Interests,
LLC or OnPointe Health Development LLC, or any of their affiliates,
the commission will be 0.33% of the gross sale price.

Scott Senese, Senior Managing Director of CBRE, assures the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

                        About FPMC San Antonio

FPMC San Antonio Realty Partners, LP's primary asset is a property
commonly known as the Forrest Park Medical Center Hospital and
Medical Office Building located at 5510 Presidio Parkway in San
Antonio, Texas.  Forrest Park Medical Center Hospital is a
specialty surgical hospital and medical office building.  The
four-story, 150,000 square-foot hospital has 54 beds.  The Property
includes an adjacent 4-story, 84,000 square foot Medical Office
Building, together with a parking garage.

FPMC did not operate the health care business conducted on its
property and instead leased the surgical hospital to a third party.
The hospital has ceased operations and furloughed its employees.

FPMC San Antonio Realty Partners sought Chapter 11 bankruptcy
protection (Bankr. W.D. Tex. Case No. 15-52462) on Oct. 6, 2015 to
pursue an 11 U.S.C. Sec. 363 sale of the assets.   The Debtor was
forced to file the Chapter 11 Case in order to stop an impending
foreclosure on the Property

Judge Craig A. Gargotta is assigned to the case.

The Debtor estimated assets of in the range of $100 million to $500
million and liabilities of at least $50 million.

The Debtor tapped the Law Offices of Ray Battaglia, PLLC, as
counsel.  The Debtor also engaged CBRE, Inc., to market the
property.


FPMC SAN ANTONIO: Seeks to Retain Battaglia as Counsel
------------------------------------------------------
U.S. Bankruptcy Judge Craig Gargotta authorized FPMC San Antonio
Realty, Partners, LP, to employ the Law Offices of Ray Battaglia,
PLLC, as bankruptcy counsel for the Debtor effective as of the
Petition Date.

The services to be rendered of the firm include:

  a. advise the Debtor with respect to its powers and duties as
debtor and debtor in possession in the continued management and
operation of its business and properties;

  b. attend meetings and negotiate with representatives of
creditors and other parties in interest, and advise and consult on
the conduct of the case, including all of the legal and
administrative requirements of operating in chapter 11;

  c. take all necessary actions to protect and preserve the
Debtor's estate, including the prosecution of actions on its
behalf, the defense of any actions commenced against its estate,
negotiations concerning litigation in which the Debtor may be
involved, and objections to claims filed against the estate;

  d. prepare on behalf of the Debtor all motions, applications,
answers, orders, reports, and papers necessary to the
administration of the estate;

  e. advise the Debtor in connection with any sales of assets;

  f. negotiate and prepare on the Debtor's behalf a plan of
reorganization, disclosure statement, and all related agreements
and/or documents, and take any necessary action on behalf of the
Debtor to obtain confirmation of such plan;

  g. appear before this Court, any appellate courts, and the United
States Trustee, and protect the interests of the Debtor’s estate
before such courts and the United States Trustee; and

  h. perform all other necessary legal services and provide all
other necessary or appropriate legal advice to the Debtor in
connection with this Chapter 11 Case.

The Firm has provided and will be providing professional services
to the Debtor under its standard rate structure, subject to
periodic increases.  The hourly rate for Mr. Battaglia is $425 per
hour.  The Firm has also informed the Debtor that it will bill
non-working travel time at half of the otherwise applicable hourly
rate.

The Debtor agreed that a retainer would be applied to the Firm's
professional fees, charges, and disbursements.  The initial
Retainer amount was $65,000.  As of the Petition Date, the balance
of the Retainer was $58,523, after payment of all outstanding
prepetition fees and expenses incurred by the Firm, including the
filing fee in the amount of $1,717.

Ray Battaglia assures the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

                        About FPMC San Antonio

FPMC San Antonio Realty Partners, LP's primary asset is a property
commonly known as the Forrest Park Medical Center Hospital and
Medical Office Building located at 5510 Presidio Parkway in San
Antonio, Texas.  Forrest Park Medical Center Hospital is a
specialty surgical hospital and medical office building.  The
four-story, 150,000 square-foot hospital has 54 beds.  The Property
includes an adjacent 4-story, 84,000 square foot Medical Office
Building, together with a parking garage.

FPMC did not operate the health care business conducted on its
property and instead leased the surgical hospital to a third party.
The hospital has ceased operations and furloughed its employees.

FPMC San Antonio Realty Partners sought Chapter 11 bankruptcy
protection (Bankr. W.D. Tex. Case No. 15-52462) on Oct. 6, 2015 to
pursue an 11 U.S.C. Sec. 363 sale of the assets.   The Debtor was
forced to file the Chapter 11 Case in order to stop an impending
foreclosure on the Property

Judge Craig A. Gargotta is assigned to the case.

The Debtor estimated assets of in the range of $100 million to $500
million and liabilities of at least $50 million.

The Debtor tapped the Law Offices of Ray Battaglia, PLLC, as
counsel. The Debtor also engaged CBRE, Inc., to market the
property.


GBG RANCH: Court Issues Final Decree to Close Case
--------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas has
ordered to close the Chapter 11 case of GBG Ranch, Ltd.

The court issued the order upon request from GBG Ranch itself whose
Chapter 11 plan of liquidation took effect on Jan. 5, 2016.

The bankruptcy court approved the liquidating plan proposed by GBG
Ranch on Nov. 20 last year.  

GBG Ranch's liquidating plan provided for the disposition of all of
its assets.  The plan also provided for the payment in full of all
allowed claims and the distribution of the remaining assets to
holders of equity interest.

The plan received overwhelming support from creditors who were
entitled to vote, according to court filings.

The Trust Company was selected to administer the so-called GBG
Ranch Trust following approval of the liquidating plan.  Meanwhile,
Richard Schmidt was appointed to administer the so-called residuary
trust and three other trusts.  

                          About GBG Ranch

GBG Ranch, LTD, a Texas Limited Partnership, owns the surface
estate of three ranches in the vicinity of Laredo, Webb County,
Texas.  GBG Ranch sought Chapter 11 protection (Bankr. S.D. Tex.
Case No. 14-50155) in Laredo, Texas on July 8, 2014, to seek relief
from the contentious and costly intra-family litigation that had
been ongoing for several years.  The petition was signed by Manuel
A. Benavides, president.

The Benavides family, consisting of the matriarch, Norma, her two
sons, Guillermo ("Memo") and Manuel ("Guero"), and various entities
owned and controlled by them in varying percentages, have been
embroiled in acrimonious litigation since early 2011.  The parties
to these lawsuits (which were consolidated into a single lawsuit
under Case No. 2011 CVF 000194-D1) are various factions of the
Benavides family and organizations controlled by them which are
suing each other on a multiplicity of claims including efforts to
wrest control over the Ranches from the current management of the
Debtor and to displace the current management of the Debtor.  The
Debtor removed the litigation to the Bankruptcy Court on July 9,
2014.  The litigation has been abated by the agreement of the
parties pending further order of the Bankruptcy Court.  The Debtor
believes that the litigation can and will be resolved by the
Bankruptcy Court, either by agreement or judgment subsequent to the
confirmation of the Plan.

In schedules filed Dec. 9, 2014, the Debtor disclosed $54,111,258
in assets and $4,401,493 in liabilities as of the Chapter 11
filing.

The company is represented by the Law Office of Carl M. Barto.
Leslie M. Luttrell and the Luttrell + Villareal Law Group serve as
special counsel.

In October 2014, the Court, with the agreement of the Debtor, Memo
and Quita Wind, appointed Ronald Hornberger as the Chapter 11
Examiner under 11 U.S.C. Sec. 1106.


GENIUS BRANDS: Signs Distribution Agreement with Sony Pictures
--------------------------------------------------------------
Sony Pictures Home Entertainment and Genius Brands International,
Inc., have finalized a multi-year agreement in which SPHE will
provide marketing and distribution of GBI's Kid Genius and Baby
Genius labels, throughout North America.  In addition, the deal
allows SPHE and GBI to co-develop, distribute, and globally
merchandise future animated or live action properties derived from
their respective programming libraries.

In consideration for those rights, and subject to certain
conditions, Sony will pay the Company an advance in the amount of
$2 million, against future royalties, according to a Form 8-K
report filed with the Securities and Exchange Commission.

"SPHE will work with the GBI team to deliver enriching learning
experiences and inspiring entertainment content to families and
children across North America," said Ben Means, SVP, Third Party
Strategic Partnerships, SPHE.  "This partnership underscores our
long term commitment to provide consumers with quality product for
children and families."

"This transformative, long-term commitment between our companies
allows Genius Brands International to focus on what we do
best--creating, producing, merchandising and acquiring commercial
content for both kids and families--and enables us to expand and
accelerate our growth and shareholder value," said Andy Heyward,
GBI Chairman and CEO.  "SPHE's substantial, marketing, promotion,
and retail and digital distribution resources, will be instrumental
in the continued expansion of our brands."

Among the brands SPHE will distribute are the all-new music and
fashion-driven brand for tween girls, SpacePOP debuting in Fall
2016; a new original Baby Genius series to coincide with the
brand's expanded launch in 2016; Warren Buffett's Secret
Millionaires Club, the animated series accessible on-air, online
and at retail; and Stan Lee's Mighty 7 (SLAM 7).  Additionally, GBI
is developing three new properties included in the agreement that
will be announced shortly alongside catalog titles.

                     About Genius Brands

Beverly Hills, Calif.-based Genius Brands International, Inc.,
creates and distributes music-based products which it believes are
entertaining, educational and beneficial to the well-being of
infants and young children under its brands, including Baby Genius
and Little Genius.

Genius Brands reported a net loss of $3.72 million in 2014, a net
loss of $7.21 million in 2013, a net loss of $2.06 million in
2012 and a net loss of $1.37 million in 2011.

As of Sept. 30, 2015, the Company had $16.0 million in total
assets, $4.67 million in total liabilities, and $11.3 million in
total equity.


GRAHAM HOLDINGS: S&P Withdraws 'B' Corporate Credit Rating
----------------------------------------------------------
Standard & Poor's Ratings Services said that it withdrew its 'B'
short-term corporate credit rating and 'B' commercial paper rating
on Graham Holdings Co. at the issuer's request.

S&P's 'BB+' corporate credit rating and stable rating outlook on
Graham Holdings remain unchanged.


GULF PACKAGING: Illinois Judge Confirms Uncontested Plan
--------------------------------------------------------
Judge Pamela S. Hollis has confirmed Gulf Packaging Inc.'s First
Amended Chapter 11 Plan.  The Plan was supported by the Official
Committee of Unsecured Creditors and the secured lender, FCC, LLC,
d/b/a First Capital.

The Plan contemplates the liquidation of the Debtor by distributing
all Cash held or to be received by the Debtor to the Creditor Trust
for the benefit of creditors.  Joseph E. Myers of EisnerAmper LLP
as been designated as trustee for the creditor trust.
Pursuant to the Plan and a settlement with FCC, the FCC claims
estimated to be at least $9,204,863 (Class 2) will be satisfied
with (i) as to the secured claim, 100% of the proceeds from any
sales of FCC collateral, and (ii) as to the superpriority claim,
80% of the proceeds of the liquidation of all Creditor Trust Assets
until paid in full.  Priority non-tax claims of $39,387 (Class 1),
and other secured claims totaling $411,281 (Class 3) are unimpaired
and will be paid in full.  Holders of general unsecured claims
estimated at $26.6 million (Class 4) will each receive a pro rata
share of 20% of the proceeds of the liquidation of the Creditor
Trust Assets.  Existing equity interests (Class 5) will be
cancelled and holders of these interests will receive the remaining
cash after creditors are paid in full.

Judge Hollis on Nov. 3, 2015, entered an order conditionally
approving the Disclosure Statement, establishing a Nov. 3 record
date, and a Dec. 4 voting deadline and setting a Dec. 15 hearing to
consider confirmation of the Plan.  No objections to confirmation
of the Plan were filed.  Following a hearing Dec. 15, 2015, the
judge granted final approval of the Disclosure Statement and
confirmed the Plan.

A copy of the Disclosure Statement explaining the terms of the
First Amended Plan filed Nov. 5, 2015 is available for free at:

A copy of the Plan Confirmation Order is available for free at:

  http://bankrupt.com/misc/Gulf_Packaging_317_Plan_Conf_Ord.pdf

                       About Gulf Packaging

Formed as a Texas corporation in February 2012, Gulf Packaging
Inc. is a distributor of packaging equipment and supplies, which
sells its product by and through several independent entities.
GPI
is a private company, with its equity held in equal parts by the
Fleck Family Partnership, LLC and CWJ Eagle, LLC (which is
affiliated with the Cutshall family).

Gulf Packaging sought Chapter 11 protection (Bankr. N.D. Ill. Case
No. 15-15249) on April 29, 2015.  The Debtor disclosed
$16.4 million in assets and $29.8 million in liabilities as of the
Chapter 11 filing.

The case is assigned to Judge Pamela S. Hollis.  The Debtor tapped
FrankGecker LLP as counsel; BMC Group Inc. as claims and noticing
agent; and the firm of Gavin/Solmonese to provide Edward T. Gavin
as chief restructuring officer.

The U.S. Trustee appointed nine creditors to serve on an official
committee of unsecured creditors.


GULF PACKAGING: Liquidating Plan Declared Effective Jan. 22
-----------------------------------------------------------
Gulf Packaging Inc. announced that the effective date of its First
Amended Chapter 11 Plan occurred Jan. 22, 2016.

On Dec. 15, 2015, the U.S. Bankruptcy Court for the Northern
District of Illinois, Eastern Division, entered its Findings of
Fact, Conclusions of Law and Order Approving Disclosure Statement
and Confirming First Amended Chapter 11 Plan.

All holders of Administrative Expense Claims, other than
Professional Persons holding Fee Claims and FCC as holder of the
FCC Superpriority Claim, were required to file with the Bankruptcy
Court a request for the payment of such Claims by Feb. 22, 2016,
which is 30 days after the Effective Date.

Every Professional Person holding a Fee Claim that has not
previously been the subject of a final fee application and
accompanying Bankruptcy Court order were also required to file a
final application for payment of fees and reimbursement of expenses
no later than February 22, 2016.

                       About Gulf Packaging

Formed as a Texas corporation in February 2012, Gulf Packaging
Inc. is a distributor of packaging equipment and supplies, which
sells its product by and through several independent entities.
GPI
is a private company, with its equity held in equal parts by the
Fleck Family Partnership, LLC and CWJ Eagle, LLC (which is
affiliated with the Cutshall family).

Gulf Packaging sought Chapter 11 protection (Bankr. N.D. Ill. Case
No. 15-15249) on April 29, 2015.  The Debtor disclosed
$16.4 million in assets and $29.8 million in liabilities as of the
Chapter 11 filing.

The case is assigned to Judge Pamela S. Hollis.  The Debtor tapped
FrankGecker LLP as counsel; BMC Group Inc. as claims and noticing
agent; and the firm of Gavin/Solmonese to provide Edward T. Gavin
as chief restructuring officer.

The U.S. Trustee appointed nine creditors to serve on an official
committee of unsecured creditors.


GULF PACKAGING: Xsys Seeks Payment of $62K Admin. Expense Claim
---------------------------------------------------------------
At a hearing on March 3, 2016, at 10:30 a.m., Judge Pamela S.
Hollis will consider approval of a request by Xsys, Inc., for
payment of its $62,006 administrative expense claim against Gulf
Packaging Inc.

Xsys is an information technology (IT) consulting firm located in
Valparaiso, Indiana, and, since its inception, wholly owned and
controlled by Melissa Sarkisian.  Xsys provided the Debtor and,
after March 2015, the Chief Restructuring Officer Edward T. Gavin
of Gavin/Solomonese, LLC critical data, reports, and information
that enabled the Debtor to prepare and file for bankruptcy.  On and
after the Petition Date, the Debtor continued to utilize Xsys'
services. In fact, a specific line-item was provided for Xsys in
each of the Debtor's cash collateral budgets approved and entered
in the bankruptcy case.

The cash collateral budgets provided weekly payments to Xsys
starting at $7,000 per week and gradually decreasing to $2,500 per
week.  As the Debtor's Chapter 11 case started to fall apart around
August 2015, Xsys stopped receiving payments from the Debtor
despite the Debtor's continued use of Xsys' services

Until November 2015, Xsys provided the Debtor with all of its
information technology services, excluding the hosting of the
Debtor's servers.  In addition, Xsys actively hosted, maintained,
and supported the Debtor's data and information until Feb. 12,
2016.

Counsel to Xsys Inc.:

         Konstantinos Armiros, Esq.
         Kevin H. Morse, Esq.
         ARNSTEIN & LEHR LLP
         120 S. Riverside Plaza, Suite 1200
         Chicago, IL 60606
         Tel: (312) 876-7100
         Fax: (312) 876-0288
         E-mail: karmiros@arnstein.com
                 khmorse@arnstein.com

                       About Gulf Packaging

Formed as a Texas corporation in February 2012, Gulf Packaging
Inc. is a distributor of packaging equipment and supplies, which
sells its product by and through several independent entities.
GPI
is a private company, with its equity held in equal parts by the
Fleck Family Partnership, LLC and CWJ Eagle, LLC (which is
affiliated with the Cutshall family).

Gulf Packaging sought Chapter 11 protection (Bankr. N.D. Ill. Case
No. 15-15249) on April 29, 2015.  The Debtor disclosed
$16.4 million in assets and $29.8 million in liabilities as of the
Chapter 11 filing.

The case is assigned to Judge Pamela S. Hollis.  The Debtor tapped
FrankGecker LLP as counsel; BMC Group Inc. as claims and noticing
agent; and the firm of Gavin/Solmonese to provide Edward T. Gavin
as chief restructuring officer.

The U.S. Trustee appointed nine creditors to serve on an official
committee of unsecured creditors.


H. KREVIT AND COMPANY: Committee May Hire Gavin/Solmonese
---------------------------------------------------------
The Official Committee of Unsecured Creditors of the estates of H.
Krevit and Company, Incorporated et al., sought and obtained
authority from the U.S. Bankruptcy Court to retain Gavin/Solmonese
LLC as the panel's financial advisor.

The firm's Edward T. Gavin, CTP, and Kathryn B. McGlynn will assist
the Committee.  Mr. Gavin charges $650 an hour while Ms. McGlynn
bills $400 per hour.

Gavin/Solmonese will provide these financial advisory services:

     a) Reviewing and analyzing the businesses, management,
        operations, properties, financial condition and prospects
        of the Debtors;

     b) Reviewing and analyzing historical financial performance,
        and transactions between and among the Debtors, their
        creditors, affiliates and other entities;

     c) Reviewing the assumptions underlying the business plans
        and cash flow projections for the assets involved in any
        potential asset sale or plan of reorganization;

     d) Determining the reasonableness of the projected
        performance of the Debtors, both historically and future;

     e) Monitoring, evaluating and reporting to the Committee
        with respect to the Debtors' near-term liquidity needs,
        material operational changes and related financial and
        operational issues;

     f) Reviewing and analyzing all material contracts and/or
        agreements;

     g) Assisting and procuring and assembling any necessary
        validations of asset values;

     h) Providing ongoing assistance to the Committee and the
        Committee's legal counsel;

     i) Evaluating the Debtors' capital structure and making
        recommendations to the Committee with respect to the
        Debtors' efforts to reorganize their business operations
        and/or confirm a restructuring or liquidating plan;

     j) Assisting the Committee in preparing documentation
        required in connection with creating, supporting or
        opposing a plan and participating in negotiations on
        behalf of the Committee with the Debtors or any groups
        affected by a plan;

     k) Assisting the Committee in marketing the Debtors' assets
        with the intent of maximizing the value received for any
        such assets from any such sale;

     l) Providing ongoing analysis of the Debtors' financial
        condition, business plans, capital spending budgets,
        operating forecasts, management and the prospects for
        their future performance; and

     m) Such other tasks as the Committee or its counsel may
        reasonably request in the course of exercise of the
        Committee's duties in these cases.

From time to time, other Gavin/Solmonese professionals may be
involved in these cases as needed.  Hourly rates for these
professionals range from $250.00 to $650.00 per hour.  

Gavin/Solmonese has preliminarily agreed to a budget of $25,000.
Prior approval from the Committee is required before
Gavin/Solmonese can exceed the preliminary budget.

Mr. Gavin attests that his firm has no connection with, and holds
no interest adverse to, the Debtors, their estates, their
creditors, or any party in interest in these Chapter 11 cases, nor
to the best of the Committee's knowledge does Gavin/Solmonese hold
any interest adverse to the interests of the Committee or Debtors'
creditors.

The U.S. Trustee has filed with the Court a Statement of No
Objection to the Committee's application to retain
Gavin/Solmonese.

                    About H. Krevit and Company

New Haven, Connecticut.-based H. Krevit and Company, Incorporated
and three of its affiliates filed Chapter 11 bankruptcy petitions
(Bankr. D. Conn. Case Nos. 15-31904 to 15-31907) on Nov. 19, 2015.
The petition was signed by Thomas S. Ross as president.  Rogin
Nassau LLC represents the Debtors as counsel.  Judge Julie A.
Manning has been assigned the case.

The Debtors are manufacturers and distributor of various inorganic
chemicals, including sodium hypochlorite (bleach), hydrochloric
acid, and sodium hydroxide (caustic soda).

The Office of the U.S. Trustee appointed five creditors to the
official committee of unsecured creditors.  Timothy S. Ponsler at
Olin Chlor Alkali Products Division; and Anthony Bellucci at
Hamilton Connections, are Co-Chairs of the Official Committee of
Unsecured Creditors.  Polsinelli PC represents the committee.


H. KREVIT AND COMPANY: Files Amended Schedules of Assets & Debt
---------------------------------------------------------------
H. Krevit and Company Incorporated disclosed $4,885,814 in assets
and $33,664,845 in liabilities in its amended schedules of assets
and liabilities for non-individuals:

   Name of Schedule                   Assets       Liabilities
   ----------------                   ------       -----------
A. Real Property                          $0                       
   
B. Personal Property              $4,885,814           
C. Property Claimed as Exempt
D. Creditors Holding
   Secured Claims                                  $28,832,371
E. Creditors Holding Unsecured
   Priority Claims                                          $0
F. Creditors Holding Unsecured
   Non-priority Claims                              $4,832,474
                                  -----------      -----------
TOTAL                              $4,885,814      $33,664,845

The company, in its initial schedules filed on Dec. 15, 2015, with
the U.S. Bankruptcy Court in Connecticut, disclosed $4,885,814 in
assets and $33,364,135 in liabilities.

A copy of the company's amended schedules is available without
charge at http://is.gd/qxcJAT

                    About H. Krevit and Company

New Haven, Connecticut.-based H. Krevit and Company, Incorporated
and three of its affiliates filed Chapter 11 bankruptcy petitions
(Bankr. D. Conn. Case Nos. 15-31904 to 15-31907) on Nov. 19, 2015.

The petition was signed by Thomas S. Ross as president.  The
Debtors' cases are jointly administered under Case No. 15-31904.

Rogin Nassau LLC represents the Debtors as counsel.  Judge Julie A.
Manning has been assigned the case.

The Debtors are manufacturers and distributor of various inorganic
chemicals, including sodium hypochlorite (bleach), hydrochloric
acid, and sodium hydroxide (caustic soda).

The Office of the U.S. Trustee appointed five creditors to the
official committee of unsecured creditors.  Polsinelli PC
represents the committee.


H. KREVIT AND COMPANY: Siegel O'Connor Approved as Labor Counsel
----------------------------------------------------------------
H. Krevit and Company, Incorporated et al., sought and obtained
authority from the U.S. Bankruptcy Court in Connecticut to employ
Siegel, O'Connor, O'Donnell & Beck, P.C. as their labor counsel.

Siegel O'Connor has served as the Debtors' labor counsel for many
years and their knowledge and expertise is necessary to effectuate
the Debtor's plan through this chapter 11 case.

The Debtors need Siegel O'Connor as their labor counsel to
represent them with respect to Krevit's employees who are members
of the Teamsters' Union.

The Debtors propose to pay Siegel O'Connor on an hourly basis at
its normal hourly rates, which range from $165.00 per hour to
$325.00 per hour. Siegel O'Connor has been paid a retainer of
$7,500 for services to be rendered to be rendered in connection
with this Chapter 11 case.

Siegel O'Connor represents no interest adverse to the Debtors or
the estate in matters upon which it is to be engaged for the
Debtors, and its employment would be in the best interests of the
estates.

The U.S. Trustee has filed with the Court a Statement of No
Objection to the Debtors' application.

                    About H. Krevit and Company

New Haven, Connecticut.-based H. Krevit and Company, Incorporated
and three of its affiliates filed Chapter 11 bankruptcy petitions
(Bankr. D. Conn. Case Nos. 15-31904 to 15-31907) on Nov. 19, 2015.
The petition was signed by Thomas S. Ross as president.  Rogin
Nassau LLC represents the Debtors as counsel.  Judge Julie A.
Manning has been assigned the case.

The Debtors are manufacturers and distributor of various inorganic
chemicals, including sodium hypochlorite (bleach), hydrochloric
acid, and sodium hydroxide (caustic soda).

The Office of the U.S. Trustee appointed five creditors to the
official committee of unsecured creditors.  Timothy S. Ponsler at
Olin Chlor Alkali Products Division; and Anthony Bellucci at
Hamilton Connections, are Co-Chairs of the Official Committee of
Unsecured Creditors.  Polsinelli PC represents the committee.


H. KREVIT AND COMPANY: Wants to Hire Environmental Consultant
-------------------------------------------------------------
H. Krevit and Company, Incorporated and its affiliated debtor
entities received an endorsement from the Office of the United
States Trustee, the government watchdog, in their bid to hire an
environmental consultant.

H. Krevit seeks Court authority to employ ALTA Environmental Corp.
to provide advice concerning the environmental reports being
prepared by potential purchasers and compliance by the Debtors with
environmental laws, including the Connecticut Property Transfer Act
(Conn. Gen. Sections 22a-134 et seq.).

"The United States Trustee does not usually comment on the hiring
of environmental consultants; however, to the extent necessary, the
United States Trustee has no objection to the Application to Employ
Alta Environmental Corporation," the U.S. Trustee said in a
statement.

According to H. Krevit, ALTA represents no interest adverse to the
Debtors or their estates.

                    About H. Krevit and Company

New Haven, Connecticut.-based H. Krevit and Company, Incorporated
and three of its affiliates filed Chapter 11 bankruptcy petitions
(Bankr. D. Conn. Case Nos. 15-31904 to 15-31907) on Nov. 19, 2015.
The petition was signed by Thomas S. Ross as president.  Rogin
Nassau LLC represents the Debtors as counsel.  Judge Julie A.
Manning has been assigned the case.

The Debtors are manufacturers and distributor of various inorganic
chemicals, including sodium hypochlorite (bleach), hydrochloric
acid, and sodium hydroxide (caustic soda).

The Office of the U.S. Trustee appointed five creditors to the
official committee of unsecured creditors.  Timothy S. Ponsler at
Olin Chlor Alkali Products Division; and Anthony Bellucci at
Hamilton Connections, are Co-Chairs of the Official Committee of
Unsecured Creditors.  Polsinelli PC represents the committee.


INEOS GROUP: Bank Debt Due 2018 Trades at 4% Off
------------------------------------------------
Participations in a syndicated loan under which Ineos Group Plc is
a borrower traded in the secondary market at 95.92
cents-on-the-dollar during the week ended Friday, Feb. 12, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 1.00 percentage points from the
previous week.  Ineos Group Plc pays 275 basis points above LIBOR
to borrow under the $2.617 billion facility. The bank loan matures
on May 2, 2018 and carries Moody's Ba3 rating and Standard & Poor's
BB- rating.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Feb. 12.


INEOS GROUP: Bank Debt Due 2022 Trades at 6% Off
------------------------------------------------
Participations in a syndicated loan under which Ineos Group Plc is
a borrower traded in the secondary market at 93.83
cents-on-the-dollar during the week ended Friday, Feb. 12, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 1.43 percentage points from the
previous week.  Ineos Group Plc pays 325 basis points above LIBOR
to borrow under the $0.625 billion facility. The bank loan matures
on june 1, 2022 and carries Moody's B2 rating and Standard & Poor's
B rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Feb. 12.


INFORMATICA CORP: Bank Debt Trades at 7% Off
--------------------------------------------
Participations in a syndicated loan under which Informatica Corp is
a borrower traded in the secondary market at 93.05
cents-on-the-dollar during the week ended Friday, Feb. 12, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 1.89 percentage points from the
previous week.  Informatica Corp pays 350 basis points above LIBOR
to borrow under the $ 1.875 billion facility. The bank loan matures
on June 1, 2022 and carries Moody's B2 rating and Standard & Poor's
B rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Feb. 12.



INTERNATIONAL TECHNICAL: Chairman Paid for Osborn Retainer
----------------------------------------------------------
Bank of America Bank, N.A. -- International Technical Coatings,
Inc.'s secured creditor -- said it doesn't have any objection to
the Debtor's bid to employ Osborn Maledon, P.A. as bankruptcy
counsel.

But the bank expressed serious concerns about the control that John
Caldwell, the Debtor's chairman, may have on the bankruptcy case
behind the scenes by virtue of his payment of legal fees on behalf
of the Debtor.

According to BofA, International Technical Coatings owes it more
than $25.7 million in outstanding matured, defaulted loan
obligations.  The debt is secured by substantially all of the
Debtor's personal and real property, including, without limitation,
the real property located at 110 and 111 South 41st Street,
Phoenix, Arizona 85009.  Mr. Caldwell, among others, executed a
guaranty of the Debtor's loan obligations owed to the bank.

In papers filed with the Bankruptcy Court in December, the bank
pointed out that Osborn Maledon has disclosed Mr. Caldwell
personally paid the firm's retainer in the amount of $80,608.  

BofA noted that Mr. Caldwell's behavior has become increasingly
erratic.  The bank cited his "chronic absenteeism at the Debtor's
operations, to 'tweaking' the Debtor's audited financial
statements, to climbing through a fence to evade service of
process."

"As the Court knows, the payment of attorneys' fees by an insider
raises serious conflict of interest issues, and requires that 'the
professional demonstrate the absence of facts that would otherwise
render the professional not disinterested, in actual conflict, or
facing an impermissible potential for a conflict," BofA said,
citing In re Castellucci, Case No. BAP CC-06-1232-PADMO, 2007 WL
7540955, at *10 n.19 (B.A.P. 9th Cir. Jul. 26, 2007) (internal
citation omitted).

The bank contends that the payment arrangement presents potential
conflicts of interest.

"Bank of America files this Objection to preserve its rights, and
intends to work with counsel for the Debtor, the US Trustee, and
other parties in interest in an effort to reach a consensual
resolution of the Application. However, on the current record, the
bank cannot support the Application," BofA said.

The Bankruptcy Court scheduled a hearing on the firm's engagement
for December 18, 2015.  The hearing date was moved to January 19,
2016.  No decision by the Court has been made available on the case
docket.

BofA is represented by:

     Robert J. Miller, Esq.
     Kyle S. Hirsch, Esq.
     Amanda L. Cartwright, Esq.
     BRYAN CAVE LLP
     Two North Central Avenue, Suite 2200
     Phoenix, AZ 85004-4406
     Telephone: (602) 364-7000
     Facsimile: (602) 364-7070
     E-mail: rjmiller@bryancave.com
             kyle.hirsch@bryancave.com
             amanda.cartwright@bryancave.com

                   About International Technical

International Technical Coatings, Inc. is a Phoenix, Arizona-based
steel wire manufacturer.  It has facilities located in Phoenix,
Arizona and Columbus, Ohio.

ITC filed a Chapter 11 bankruptcy petition (Bank. D. Ariz. Case No.
15-14709) on Nov. 18, 2015.  John Caldwel, the chairman, signed the
petition.  Judge Madeleine C. Wanslee is assigned the case.

Bank of America Bank, N.A., which is owed more than $25.7 million
in outstanding matured, defaulted loan obligations, applied for the
appointment of a receiver over ITC on Oct. 28, 2015.  The Maricopa
County Superior Court held an initial hearing on the matter on Nov.
4.  A final hearing on the appointment of a receiver was scheduled
for Nov. 18 at 1:30 p.m.  Unable to secure an agreement with the
Bank prior to the scheduled hearing, ITC filed for Chapter 11
protection.

In its petition, the Debtor estimated assets of $50 million to $100
million and liabilities of more than $10 million.

The Debtor tapped Osborn Maledon, P.A., as bankruptcy counsel.
Morris Anderson & Associates, Ltd. serves as its financial
advisor.

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  Stinson Leonard Street,
LLP represents the committee.  The Committee retained KRyS Global,
USA, as its financial advisor.


INTERNATIONAL TECHNICAL: Morris Anderson Approved as Fin'l Advisor
------------------------------------------------------------------
International Technical Coatings, Inc., won approval from the
Arizona bankruptcy court to employ Morris Anderson & Associates,
Ltd. as its financial advisor.

Bankruptcy Judge Madeleine C. Wanslee, however, directed Morris
Anderson to work with KRyS Global, the financial advisor for the
Official Unsecured Creditors' Committee, to minimize the potential
duplication of services provided by Morris Anderson and KRyS.

Absent any additional Court order, no funds may be paid to Morris
Anderson except as set forth in the approved Cash Collateral Budget
and upon proper notice and hearing.  Morris Anderson and KRyS are
directed to notify the Court and the parties-in-interest if the
work performed by Morris Anderson or KRyS exceeds the monthly
budgeted amount in the approved cash collateral budget.

The Debtor said that, to effectively and efficiently administer
this case and reorganize, it needs the assistance of a financial
advisor to, among other things, assist with the preparation of
statements and schedules, budgets and forecasts, perform valuation
and feasibility analyses, and to assist with formulation,
negotiation, and confirmation of a Chapter 11 reorganization plan.

The firm's professionals who are expected to have primary
responsibility for this engagement, and their hourly rates are:

     Daniel F. Dooley, Principal and CEO         $595 per hour
     MORRIS ANDERSON & ASSOCIATES, LTD.
     55 West Monroe Street, Suite 2350
     Chicago, IL 60603
     Tel: (312) 254-0888
     Cell: (630) 660-8952
     Fax: (312) 727-0180
     E-mail: ddooley@morrisanderson.com

     Timothy H. Shaffer, Director                $350 per hour
     Cell: (602) 469-5147
     E-mail: tshaffer@morrisanderson.com

     Mark Briden, Director                       $330 per hour
     Tel: (312) 254-0880
     Cell: (708) 514-4726
     E-mail: mbriden@morrisanderson.com

Other MA professionals and paraprofessionals may render services to
ITC as needed. Generally, MA's hourly rates fall within these
ranges:

     Principal - $475 to $595 per hour
     Managing Director - $375 to $450 per hour
     Director and Associate Director - $275 to $350 per hour

MA attests that it does not hold or represent any interest adverse
to ITC, its estate, its creditors, or any other party with an
actual or potential conflict in this Chapter 11 case.

                   About International Technical

International Technical Coatings, Inc. is a Phoenix, Arizona-based
steel wire manufacturer.  It has facilities located in Phoenix,
Arizona and Columbus, Ohio.

ITC filed a Chapter 11 bankruptcy petition (Bank. D. Ariz. Case No.
15-14709) on Nov. 18, 2015.  John Caldwel, the chairman, signed the
petition.  Judge Madeleine C. Wanslee is assigned the case.

Bank of America Bank, N.A., which is owed more than $25.7 million
in outstanding matured, defaulted loan obligations, applied for the
appointment of a receiver over ITC on Oct. 28, 2015.  The Maricopa
County Superior Court held an initial hearing on the matter on Nov.
4.  A final hearing on the appointment of a receiver was scheduled
for Nov. 18 at 1:30 p.m.  Unable to secure an agreement with the
Bank prior to the scheduled hearing, ITC filed for Chapter 11
protection.

In its petition, the Debtor estimated assets of $50 million to $100
million and liabilities of more than $10 million.

The Debtor tapped Osborn Maledon, P.A., as bankruptcy counsel.
Morris Anderson & Associates, Ltd. serves as its financial
advisor.

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  Stinson Leonard Street,
LLP represents the committee.  The Committee retained KRyS Global,
USA, as its financial advisor.

Secured creditor Bank of America is represented by Robert J.
Miller, Esq., Kyle S. Hirsch, Esq., and Amanda L. Cartwright, Esq.,
at Bryan Cave LLP.


INTERNATIONAL TECHNICAL: Panel Taps KRyS Global as Fin'l Advisor
----------------------------------------------------------------
The Official Committee of Unsecured Creditors appointed in the
Chapter 11 case of International Technical Coatings, Inc., asks the
Bankruptcy Court in Arizona for permission to retain KRyS Global,
USA, as its financial advisor, effective January 1, 2016.

As financial advisor to the Committee, the firm will:

     a. Review and analyze the businesses, management,
        operations, properties, financial condition and prospects
        of the Debtor;

     b. Review and analyze transactions between and among the
        Debtor and its principals, creditors, affiliates and
        other entities;

     c. Review and analyze historical financial performance the
        assumptions underlying the business plans and cash flow
        projections for the assets involved in any potential
        asset sale of plan of reorganization;

     d. When appropriate, liaise with the Debtor's management
        team and financial advisors;

     e. When appropriate, liaise with the professional engaged by
        the secured lender in relation to this case;

     f. Determine the viability of the Debtor and the
        reasonableness of the projected performance of the
        Debtor;

     g. Monitor, evaluate and report to the Committee with
        respect to the Debtor's near-term liquidity needs,
        material operational changes and related financial and
        operational issues;

     h. Review and analyze such material contracts and/or
        agreements as may be requested by the Committee;

     i. Assist in the procurement of and assemble any necessary
        validations of asset values;

     j. Evaluate the Debtor's capital structure and make
        recommendations to the Committee with respect to the
        Debtor's efforts to reorganize their business operations
        and/or confirm a restructuring or liquidating plan;

     k. Assist the Committee in preparing documentation required
        in connection with creating, supporting or opposing a
        plan and participate in negotiations on behalf of the
        Committee with the Debtor or any groups affected by a
        plan;

     l. If circumstances necessitate and upon the Committee's
        request, assist the Committee in marketing the Debtor's
        assets with the intent of maximizing the value received
        for any such assets from any such sale;

     m. Provide ongoing analysis of the Debtor's financial
        condition, business plans, capital spending budgets,
        operating forecasts, management and the prospects for
        their future performance;

     n. Provide ongoing assistance to the Committee and the
        Committee's legal counsel; and

     o. Other tasks as the Committee or its counsel reasonably
        request in the course of this case.

KGUSA attests that it qualifies as a "disinterested person" as
defined in Bankruptcy Code Sec. 101(14).

KRyS will be compensated on an hourly basis for the services
provided under the parties' Agreement. The applicable billable
rates are:

     Managing Partners - $525
     Directors - $425
     Analysts - $275

The firm may be reached at:

     Grant Lyon
     Managing Director
     KRyS GLOBAL, USA
     57W 57th St., 4th Fl.
     New York, NY 10019
     Tel: 602 432 7971
     E-mail: Grant.Lyon@KRySGlobalUsa.com

              Court Wants KRyS and MA to Coordinate

As reported in the Troubled Company Reporter, ITC won Court
approval to employ Morris Anderson & Associates, Ltd. as its
financial advisor.  Bankruptcy Judge Madeleine C. Wanslee directed
Morris Anderson to work with KRyS Global, the Committee's financial
advisor, to minimize the potential duplication of services provided
by Morris Anderson and KRyS.  Absent any additional Court order, no
funds may be paid to Morris Anderson except as set forth in the
approved Cash Collateral Budget and upon proper notice and hearing.
Morris Anderson and KRyS are directed to notify the Court and the
parties-in-interest if the work performed by Morris Anderson or
KRyS exceeds the monthly budgeted amount in the approved cash
collateral budget.

                   About International Technical

International Technical Coatings, Inc. is a Phoenix, Arizona-based
steel wire manufacturer.  It has facilities located in Phoenix,
Arizona and Columbus, Ohio.

ITC filed a Chapter 11 bankruptcy petition (Bank. D. Ariz. Case No.
15-14709) on Nov. 18, 2015.  John Caldwel, the chairman, signed the
petition.  Judge Madeleine C. Wanslee is assigned the case.

Bank of America Bank, N.A., which is owed more than $25.7 million
in outstanding matured, defaulted loan obligations, applied for the
appointment of a receiver over ITC on Oct. 28, 2015.  The Maricopa
County Superior Court held an initial hearing on the matter on Nov.
4.  A final hearing on the appointment of a receiver was scheduled
for Nov. 18 at 1:30 p.m.  Unable to secure an agreement with the
Bank prior to the scheduled hearing, ITC filed for Chapter 11
protection.

In its petition, the Debtor estimated assets of $50 million to $100
million and liabilities of more than $10 million.

The Debtor tapped Osborn Maledon, P.A., as bankruptcy counsel.
Morris Anderson & Associates, Ltd. serves as its financial
advisor.

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  Stinson Leonard Street,
LLP represents the committee.

Secured creditor Bank of America is represented by Robert J.
Miller, Esq., Kyle S. Hirsch, Esq., and Amanda L. Cartwright, Esq.,
at Bryan Cave LLP.


INTERNATIONAL TECHNICAL: Stinson Leonard Okayed as Panel Counsel
----------------------------------------------------------------
The U.S. Bankruptcy Court in Arizona gave the Official Committee of
Unsecured Creditors appointed in the Chapter 11 case of
International Technical Coatings, Inc., the green light to retain
Stinson Leonard Street LLP to represent the Committee in all
capacities, effective December 15, 2015.

The firm may be reached at:

     Thomas J. Salerno, Esq.
     Alisa C. Lacey, Esq.
     Christopher C. Simpson, Esq.
     Anthony P. Cali, Esq.
     STINSON LEONARD STREET LLP
     1850 N. Central Avenue, Suite 2100
     Phoenix, AZ 85004-4584
     Tel: (602) 279-1600
     Fax: (602) 240-6925
     E-mail: Thomas.salerno@stinson.com
             Alisa.lacey@stinson.com
             Christopher.simpson@stinson.com
             Anthony.cali@stinson.com

Stinson Leonard's services include:

     * Analysis of the Debtor's financial situations, and
       rendering advice to the Committee in determining courses
       of action necessary for an effective reorganization;

     * Preparation of and filling of pleadings and documents
       which may be required;

     * Representation of the Committee at the meetings and
       hearings;

     * Representation of the Committee in any and all adversary
       and/or contested matters, and other Court proceedings;

     * Negotiations with the Debtor and other parties-in-
       interest;

     * Investigation of the acts, conduct, assets, liabilities,
       and financial condition of the Debtor, the operation of
       the Debtor's related entities and business interests, and
       any matter relevant to the Debtor's case;

     * Participation in the Debtor's Chapter 11 to the extent it
       affects the rights and interests of the creditors of the
       Debtor including, without limitation, the formulation of
       a Chapter 11 plan of reorganization and confirmation of
       that plan;

     * The performance of any and all such other services as are
       in the interests of the Committee relevant to the Debtor's
       Chapter 11 cases; and

     * Other representation as seems appropriate and necessary
       for the benefit of the Committee.

Mr. Salerno, a partner at Stinson Leonard, disclosed that his
firm:

     -- has provided, and currently provides, legal services to
        Bank of America, N.A., a creditor in this case, on
        unrelated matters. Those services, primarily and
        historically transactional in nature, have historically
        occurred outside of the State of Arizona.  To the extent
        any matter may arise in which the Committee is called
        upon to engage in litigation involving an adversary
        proceeding which is directly adverse to the Bank, the
        Committee will seek the assistance of special counsel.

     -- is currently involved in an unrelated litigation matter
        adverse to Committee member EVRAZ Rocky Mountain Steel
        or an EVRAZ affiliated entity.

     -- has previously been involved in unrelated litigation
        matters adverse to Committee member Tata International
        Metals (Americas) Ltd.

Mr. Salerno said his firm qualifies as a "disinterested person" as
defined in Bankruptcy Code Sec. 101(14).

Regular hourly rates for Stinson Leonard attorneys range from
$200.00 to $675.00 and for paralegals and other legal assistants
from $95 to $250.

                   About International Technical

International Technical Coatings, Inc. is a Phoenix, Arizona-based
steel wire manufacturer.  It has facilities located in Phoenix,
Arizona and Columbus, Ohio.

ITC filed a Chapter 11 bankruptcy petition (Bank. D. Ariz. Case No.
15-14709) on Nov. 18, 2015.  John Caldwel, the chairman, signed the
petition.  Judge Madeleine C. Wanslee is assigned the case.

Bank of America Bank, N.A., which is owed more than $25.7 million
in outstanding matured, defaulted loan obligations, applied for the
appointment of a receiver over ITC on Oct. 28, 2015.  The Maricopa
County Superior Court held an initial hearing on the matter on Nov.
4.  A final hearing on the appointment of a receiver was scheduled
for Nov. 18 at 1:30 p.m.  Unable to secure an agreement with the
Bank prior to the scheduled hearing, ITC filed for Chapter 11
protection.

In its petition, the Debtor estimated assets of $50 million to $100
million and liabilities of more than $10 million.

The Debtor tapped Osborn Maledon, P.A., as bankruptcy counsel.
Morris Anderson & Associates, Ltd. serves as its financial
advisor.

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  Stinson Leonard Street,
LLP represents the committee.  The Committee retained KRyS Global,
USA, as its financial advisor.

Secured creditor Bank of America is represented by Robert J.
Miller, Esq., Kyle S. Hirsch, Esq., and Amanda L. Cartwright, Esq.,
at Bryan Cave LLP.


KALOBIOS PHARMACEUTICALS: Okayed to Pay $198K in Employee Bonuses
-----------------------------------------------------------------
Diana Novak Jones at Bankruptcy Law360 reported that a Delaware
bankruptcy judge agreed on Feb. 16, 2016, to let drugmaker KaloBios
pay thousands in retention bonuses to the five non-executive
employees who remained with the struggling company following the
arrest of its infamous former CEO Martin Shkreli.  The five
employees of KaloBios Pharmaceuticals Inc., which is currently
winding its way through Chapter 11 bankruptcy, can receive up to 50
percent of their salary in a bonus paid in two separate
installments, U.S. Bankruptcy Judge Laurie Selber Silverstein said
in an order.

                 About KaloBios Pharmaceuticals

Based in South San Francisco, Calif., KaloBios Pharmaceuticals,
Inc., is a company biopharmaceutical company focused on the
development of monoclonal antibody therapeutics.

The Company's balance sheet at March 31, 2015, showed $32.0
million in total assets, $15.9 million in total liabilities, and a
stockholders' deficit of $16.1 million.

KaloBios Pharmaceuticals (Nasdaq: KBIO) on Dec. 29, 2015, filed a
voluntary petition for bankruptcy protection under Chapter 11 of
Title 11 of the United States Bankruptcy Code.  The filing was
made in the U.S. Bankruptcy Court for the District of Delaware
(Case No. 15-12628).

The Company is represented by Eric D. Schwartz of Morris, Nichols,
Arsht & Tunnell.


LA CASA DE LA RAZA: Case Summary & 16 Unsecured Creditors
---------------------------------------------------------
Debtor: La Casa de la Raza, Inc.
        601 E. Montecito St
        Santa Barbara, CA 93103

Case No.: 16-10331

Chapter 11 Petition Date: February 23, 2016

Court: United States Bankruptcy Court
       Central District of California (Santa Barbara)

Debtor's Counsel: Matthew M Clarke, Esq.
                  CHRISTMAN KELLEY & CLARKE PC
                  1334 Anacapa St
                  Santa Barbara, CA 93101
                  Tel: 805-884-9922
                  Fax: 866-611-9852
                  E-mail: matt@christmankelley.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

Largest unsecured creditor: Internal Revenue Service, $120,046

The petition was signed by Marisela Marquez, chief executive.

A list of the Debtor's 16 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb16-10331.pdf


LATTICE SEMICONDUCTOR: S&P Lowers CCR to 'B', Outlook Stable
------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Hillsboro, Ore.-based Lattice Semiconductor Corp. to 'B'
from 'B+'.  The outlook is stable.

At the same time, S&P lowered the issue-level rating on the
company's $350 million senior secured term loan to 'B' from 'B+'.
The recovery rating on the debt remains '3', indicating S&P's
expectation for meaningful (50%-70%; lower half of the range)
recovery in the event of a payment default.

"The downgrade reflects the company's continued weakness in
operating performance, which fell meaningfully short of our
forecast," said Standard & Poor's credit analyst Minesh Shilotri.

The stable outlook reflects S&P's expectation that the company will
generate meaningful revenue growth in fiscal 2016 through new
customer wins, resulting in free operating cash flow near $50
million and adjusted leverage below 5x.


MAGNUM HUNTER: Can Employ BDO USA as Accountant
-----------------------------------------------
U.S. Bankruptcy Judge Kevin Gross authorized Magnum Hunter
Resources Corporation to employ BDO USA, LLP, as accountant and
auditor, nunc pro tunc to the Petition Date.

BDO USA, LLP, will perform an integrated audit of the consolidated
financial statements of Magnum Hunter Resources Corporation, which
comprise the consolidated balance sheet as of Dec. 31, 2015, and
the related consolidated statements of operations, comprehensive
income (loss), stockholders' equity, and cash flows for the year
then ended, the related notes to the consolidated financial
statements, and the Company's internal control over financial
reporting as of Dec. 31, 2015, based on criteria established in
Internal Control-Integrated Framework (2013) issued by the
Committee of Sponsoring Organizations of the Treadway Commission
("COSQ").  The objective of the integrated audit is to express an
opinion in both the consolidated financial statements and the
effectiveness of internal control over financial.

BDO will also perform reviews of the unaudited condensed quarterly
consolidated financial statements to be included in Forms 10-Q
filed with the SEC for the quarters ending March 31, June 30, and
September 30, 2016; and of the unaudited financial information for
the quarters ending December 31, 2016, and 2015 to be included in
an unaudited note to the annual consolidated financial statements
to be included in Forms 10-K for the years ending December 31, 2016
and 2015.

The fees that BDO will be charging in connection with the
engagement are:

     Partners                   $535 to $750
     Senior Managers            $300 to $400
     Managers                   $250 to $300
     Seniors                    $190 to $250
     Experienced Associates     $160 to $190
     Associates                 $150 to $160

BDO USA, LLP, assures the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

                        About Magnum Hunter

Magnum Hunter Resources Corporation is an oil and gas company
headquartered in Irving, Texas that primarily is engaged in the
acquisition, development, and production of oil and natural gas
reserves in the United States.  MHRC and its affiliates own
interests in approximately 431,643 net acres in total and have
proved reserves with an industry value of approximately $234.5
million as of December 31, 2015.  In the aggregate, MHRC generated
approximately $391.5 million in revenue from their operations in
2014 and generated approximately $169.3 million in revenues from
their operations for the ten months ended October 31, 2015.

Magnum Hunter Resources Corporation and 19 of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Proposed Lead Case
No. 15-12533) on Dec. 15, 2015.  The petitions were signed by Gary
C. Evans as chairman and chief executive officer.

The Debtors have engaged Kirkland & Ellis, LLP as their general
counsel, Pachulski Stang Ziehl & Jones LLP as local counsel, PJT
Partners, LP as investment banker, Alvarez & Marsal North America,
LLC, as restructuring advisor, and Prime Clerk, LLC as notice,
claims and balloting agent.

As of Sept. 30, 2015, the Debtors reported approximately $1.1
billion in total liabilities, as well as $416.3 million in stated
value of preferred stock.  The Debtors' significant funded debt
obligations include: (a) approximately $70 million in principal
amount of obligations under the Debtors' Bridge Financing Facility;
(b) approximately $336.6 million in principal amount of obligations
under the Debtors' second lien credit agreement; (c) approximately
$13.2 million in principal amount of Equipment and Real Estate
Notes; and (d) approximately $600 million in principal amount of
Notes.


MAGNUM HUNTER: Committee Can Retain Cole Schotz as Co-Counsel
-------------------------------------------------------------
U.S. Bankruptcy Judge Kevin Gross authorized the Committee of
Unsecured Creditors of Magnum Hunter Resources Corporation to
retain Cole Schotz P.C. as Delaware co-counsel, nunc pro tunc to
Dec. 30, 2015.

The services that Cole Schotz will perform include:

  a. serving as Delaware bankruptcy co-counsel to the Committee;

  b. serving as conflicts counsel to the Committee in conflicts
matters as designated by Ropes & Gray and the Committee;

  c. providing legal advice with respect to the Committee's powers,
rights, duties, and obligations in the Chapter 11 Cases;

  d. assisting and advising the Committee in its consultations with
the Debtors regarding the administration of the Chapter 11 Cases;

  e. assisting the Committee in reviewing and negotiating terms for
unsecured creditors with respect to (i) the use of cash collateral,
(ii) any sale of substantially all of the Debtors' assets,
including negotiating bid procedures and proposed asset purchase
agreements, and (iii) other requests for relief which would impact
unsecured creditors;

  f. advising the Committee on the corporate aspects of the
Debtors' reorganization or liquidation and the planes) or other
means to effect reorganization or liquidation as may be proposed in
connection therewith, and participation in the formulation of any
such planes) or means of implementing reorganization or
liquidation, as necessary;

  g. taking all necessary actions to protect and preserve the
estates of the Debtors for the benefit of creditors, including the
investigation of the acts, conduct, assets, liabilities, and
financial condition of the Debtors, the investigation of the prior
operation of the Debtors' businesses and the investigation and
prosecution of estate claims, causes of action, and any other
matters relevant to the Chapter 11 cases;

  h. preparing on behalf of the Committee all necessary motions,
applications, complaints, answers, orders, reports, papers and
other pleadings and filings in connection with the Committee's
duties in the Chapter 11 cases;

  i. advising and representing the Committee in hearings and other
judicial proceedings in connection with all necessary motions,
applications, objections and other pleadings, and otherwise
protecting the interests of those represented by the Committee; and

  j. performing all other necessary legal services as may be
required and authorized by the Committee that are in the best
interests of general unsecured creditors.

The attorneys and paralegals primarily responsible for representing
the Committee, and their current standard hourly rates are:

     Norman L. Pernick        Member        $840 per hour
     Patrick J. Reilley       Member        $510 per hour
     Jacob S. Frumkin         Associate     $365 per hour
     David W. Giattino        Associate     $285 per hour
     Pauline Z. Ratkowiak     Paralegal     $260 per hour

In addition, other attorneys and paralegals may be involved as
necessary and appropriate to represent the Committee.  The current
rates of Cole Schotz members, special counsel, associates and
paralegals are as follows:

     Members             $395 to $850 per hour
     Special Counsel     $385 to $480 per hour
     Associates          $195 to $420 per hour
     Paralegals          $165 to $270 per hour

Norman Pernick, Esq., a member of Cole Schotz, assures the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

The firm can be reached at:

         COLE SCHOTZ P.C.
         Norman L. Pernick, Esq.
         Patrick J. Reilley, Esq.
         Jacob S. Frumkin, Esq.
         David W. Giattino, Esq.
         500 Delaware Avenue, Suite 1410
         Wilmington, Delaware 19801
         Telephone: 302-652-3131
         Facsimile: 302-652-3117
         E-mail: npernick@coleschotz.com
                 preilley@coleschotz.com
                 jfrumkin@coleschotz.com
                 swilliams@coleschotz.com

                        About Magnum Hunter

Magnum Hunter Resources Corporation is an oil and gas company
headquartered in Irving, Texas that primarily is engaged in the
acquisition, development, and production of oil and natural gas
reserves in the United States.  MHRC and its affiliates own
interests in approximately 431,643 net acres in total and have
proved reserves with an industry value of approximately $234.5
million as of December 31, 2015.  In the aggregate, MHRC generated
approximately $391.5 million in revenue from their operations in
2014 and generated approximately $169.3 million in revenues from
their operations for the ten months ended October 31, 2015.

Magnum Hunter Resources Corporation and 19 of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Proposed Lead Case
No. 15-12533) on Dec. 15, 2015.  The petitions were signed by Gary
C. Evans as chairman and chief executive officer.

The Debtors have engaged Kirkland & Ellis, LLP as their general
counsel, Pachulski Stang Ziehl & Jones LLP as local counsel, PJT
Partners, LP as investment banker, Alvarez & Marsal North America,
LLC, as restructuring advisor, and Prime Clerk, LLC as notice,
claims and balloting agent.

As of Sept. 30, 2015, the Debtors reported approximately $1.1
billion in total liabilities, as well as $416.3 million in stated
value of preferred stock.  The Debtors' significant funded debt
obligations include: (a) approximately $70 million in principal
amount of obligations under the Debtors' Bridge Financing Facility;
(b) approximately $336.6 million in principal amount of obligations
under the Debtors' second lien credit agreement; (c) approximately
$13.2 million in principal amount of Equipment and Real Estate
Notes; and (d) approximately $600 million in principal amount of
Notes.


MAGNUM HUNTER: Equity Holders Want More Info on Plan Valuations
---------------------------------------------------------------
The Ad Hoc Group of Equity Holders says the disclosure statement
explaining Magnum Hunter Resources Corporation's Plan of
Reorganization lacks the information necessary for equity security
holders and creditors to make an informed decision about the Plan,
specifically with respect to valuation.

The Equity Holders point out that the only discussion of valuation
is in section XI(F) of the Disclosure Statement, which simply
references the Valuation Analysis and acknowledges that the
Valuation is substantially less than the stated book value of the
assets.

In conjunction with formulating the Plan, PJT Partners LP, the
Debtors' investment banker and financial advisor, performed a
valuation analysis that estimates the total enterprise value of the
Reorganized Debtors to be approximately $700 million to $1.0
billion, with a mid-point range of $850 million.

The Valuation, the Equity Holders point out, is a far cry from the
estimated book value of the Debtors' assets as of Sept. 30, 2015 --
$1.5 billion -- and from the Debtors' estimated total enterprise
value of the company as of October 2015 -- $1.35 billion.

The Debtors have approximately $1.0 billion in funded indebtedness.
As of October 2015, the equity holders were in the money,
according to the Debtors' own valuation of the company. The Debtors
now indicate that the company's total enterprise value is at worst,
$650 million less, and at best, $350 million less, than it was in
October 2015.  The ability of the equity holders and creditors to
appropriately understand and evaluate PTJ's Valuation Analysis and
the Valuation is of the upmost importance, according to the Equity
Holders.

To the extent the Court views the Debtors' disclosures with respect
to the Valuation and Valuation Analysis sufficient for purposes of
the Disclosure Statement, the Ad Hoc Group reserves the right to
contest valuation at the Confirmation Hearing.

The Ad Hoc Group also reserves the right to contest the expedited
confirmation schedule proposed by the Debtors.  The Equity Holders
aver that the valuation issues in the Cases are particularly
complex because of the size the Cases and the highly technical and
specialized nature of the Debtors' business.  Discovery will be
required and a reasonable assessment will require significant work
by financial analysts, the Equity Holders tell the Court.

Attorneys for the Ad Hoc Group of Equity Holders:

         VENABLE LLP
         Jamie L. Edmonson, Esq.
         Daniel A. O'Brien, Esq.
         1201 N. Market St., Suite 1400
         Wilmington, DE 19801
         Tel: (302) 298-3535
         Fax: (302) 298-3550
         E-mail: jledmonson@Venable.com
                 dao'brien@Venable.com

                        The Chapter 11 Plan

The hearing to consider approval of the Disclosure Statement
explaining Magnum Hunter's Plan of Reorganization is slated for
February 26, 2016, at 3:00 p.m., Eastern Standard Time.

The Debtors' Plan, as amended, is supported by the Official
Committee of Unsecured Creditors, 100% of the DIP Facility Lenders,
approximately [66.5]% of the Second Lien Lenders, and approximately
[79]% of the Notholders.

The key element of the Plan is the agreement of creditors to
convert their pre- and postpetition funded debt claims, including
the DIP facility claims of up to $200 million, second lien claims
of $336.6 million, and note claims of $600 million, into new common
equity.  Specifically, the DIP Facility Lenders shall receive their
pro rata share of 28.8 percent of the new common equity, the second
lien lenders will receive their Pro Rata share of 36.87 percent of
the New Common Equity, and the Noteholders shall receive their Pro
Rata share of 31.33 percent of the New Common Equity (all of which
is subject to dilution by the Management Incentive Plan).

Unsecured creditors are expected to recover 10.3% to 49.1% under
the First Amended Plan, while holders of unsecured claims
classified as convenience claims are expected to recover 50%.

Moreover, the holders of the equipment and real estate notes with
principal totaling $13.2 million will have their claims
reinstated.

A blacklined version of the First Amended Disclosure Statement is
available at http://bankrupt.com/misc/MAGNUMds0219.pdf

                        About Magnum Hunter

Magnum Hunter Resources Corporation is an oil and gas company
headquartered in Irving, Texas that primarily is engaged in the
acquisition, development, and production of oil and natural gas
reserves in the United States.  MHRC and its affiliates own
interests in approximately 431,643 net acres in total and have
proved reserves with an industry value of approximately $234.5
million as of December 31, 2015.  In the aggregate, MHRC generated
approximately $391.5 million in revenue from their operations in
2014 and generated approximately $169.3 million in revenues from
their operations for the ten months ended October 31, 2015.

Magnum Hunter Resources Corporation and 19 of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Proposed Lead Case
No. 15-12533) on Dec. 15, 2015.  The petitions were signed by Gary
C. Evans as chairman and chief executive officer.

The Debtors have engaged Kirkland & Ellis, LLP as their general
counsel, Pachulski Stang Ziehl & Jones LLP as local counsel, PJT
Partners, LP as investment banker, Alvarez & Marsal North America,
LLC, as restructuring advisor, and Prime Clerk, LLC as notice,
claims and balloting agent.

As of Sept. 30, 2015, the Debtors reported approximately $1.1
billion in total liabilities, as well as $416.3 million in stated
value of preferred stock.  The Debtors' significant funded debt
obligations include: (a) approximately $70 million in principal
amount of obligations under the Debtors' Bridge Financing
Facility;
(b) approximately $336.6 million in principal amount of
obligations
under the Debtors' second lien credit agreement; (c) approximately
$13.2 million in principal amount of Equipment and Real Estate
Notes; and (d) approximately $600 million in principal amount of
Notes.


MAPLE BANK: To Wind Up Canadian Biz; KPMG Named as Liquidator
-------------------------------------------------------------
The Ontario Superior Court of Justice authorized the Attorney
General of Canada to wind-up the business in Canada of Maple Bank
GmbH under the Winding-Up and Restructuring Act and the Bank Act.

The Court appointed KPMG Inc. as liquidator.  Interested persons
may contact the firm directly for further information at:

    KPMG Inc.
    Liquidator of the Business in Canada of Maple Bank GmbH
    Attention: Sven Dedic
    333 Bay Street, Suite 4600
    Toronto, ON M5H 2S5
    Tel: (416) 777-3091
    Fax: (416) 777-3364
    Email: svendedic@kpmg.ca


MEDIASHIFT INC.: Cash Use for Gap Period Approved
-------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California,
Los Angeles Division, approved on a final basis a stipulation
authorizing MediaShift, Inc. and Ad-Vantage Networks, Inc., to use
cash collateral.

MediaShift Holdings, Inc. ("MSH") and Kirby Enterprise Capital
Management, LLC and related entities and individuals ("Kirby
Parties") consented to the Stipulation.  The Debtors believed that
MSH and the Kirby Parties are the only entities and individuals
that may have an interest in the Debtors' Cash Collateral.

The Stipulation was also approved by the Official Committee of
Unsecured Creditors (" Official Committee").

MSH and the Kirby Parties have consented to the Debtors' use of
$10,540 in Cash Collateral to pay certain operating expenses of the
Debtors during the period ("Gap Period") of Dec. 16, 2015 to
December 30, 2015, the hearing date on a motion the Debtors had
filed for approval of a post-petition loan ("DIP Loan") from MSH to
fund the Debtors' operations from Dec. 30, 2015 though the close of
a planned auction sale ("363 Sale") of substantially all of the
Debtors' assets to MSH and the Kirby Parties pursuant to a stalking
horse bid by them that the parties are continuing to document or
such higher or better bid for all or substantially all of the
Debtors' assets obtained at the 363 Sale and approved by the Court,
which sale is expected to close by the end of Jan. 31, 2016, or as
soon thereafter as possible.

The Debtors believed the payments set forth in the Budget to be
made during the Gap Period are required to avoid immediate
irreparable harm to the Debtors and their estates and to maintain
going concern and asset values for the benefit of all parties in
interest. The Debtors told the Court that in exchange for MSH and
the Kirby Parties' consent to the Debtors' use of Cash Collateral
pursuant to the Stipulation and the Budget, and as a form of
adequate protection, the Debtors' agreed to provide MSH and the
Kirby Parties with replacement liens in the Debtors' postpetition
collateral with the same, validity, extent, and priority as the MSH
and the Kirby Parties were entitled to on the Petition Date.

MediaShift, Inc. and its affiliated debtors are represented by:

          Ron Bender, Esq.
          Todd M. Arnold, Esq.
          LEVENE, NEALE, BENDER, YOO &
          BRILL L.L.P
          10250 Constellation Boulevard, Suite 1700
          Los Angeles, CA 90067
          Telephone: (310)229-1234
          Facsimile: (310)229-1244
          Email: rb@lnbyb.com
                 tma@lnbyb.com

                      About MediaShift, Inc.

MediaShift, Inc. is a digital advertising technology company.  The
company, through its subsidiaries offers operators of private
internet networks to monetize their audiences through distributed
ad technology platforms and across multiple devices.

MediaShift, Inc., and Ad-Vantage Networks, Inc., filed Chapter 11
bankruptcy petitions (Bankr. C.D. Cal. Lead Case No. 15-25024) on
Sept. 30, 2015.  Rick Baran, the president, signed the petitions.
The Debtors estimated both assets and liabilities of $10 million
to
$50 million.

The Debtors have engaged Levene, Neale, Bender, Yoo & Brill L.L.P,
as counsel.

Judge Sandra R. Klein is assigned to the cases.

The Office of the U.S. Trustee appointed four creditors to the
official committee of unsecured creditors.  Danning, Gill, Diamond
& Kollitz, LLP represents the committee.


MEDIASHIFT INC: $425K Postpetition Financing Approved
-----------------------------------------------------
MediaShift, Inc., and Ad-Vantage Networks, Inc., sought and
obtained from Judge Sandra R. Klein, of the U.S. Bankruptcy Court
for the Central District of California, Los Angeles Division,
authorization to obtain postpetition financing from MediaShift
Holdings, Inc.

The Debtors sought to obtain credit and incur debt on a final basis
in the amount of $425,000, secured by first priority perfected
liens on substantially all of the Debtors' assets.

The Loan contains, among others, the following terms:

     (a) Term: From the Closing Date to the earlier of (1) the
close of any sale of all or substantially all of the Debtors'
assets, and (2) Jan. 31, 2016 which may be extended in the Debtor's
sole discretion for up to 30 days upon prior written notice to
Lender, provided that interest will continue to run on the DIP
Obligations.

     (b) Rate: The outstanding principal balance of the Loan will
bear interest at a per annum rate equal to 12%.  However, upon the
occurrence and during the continuation of an Event of Default, the
interest rate will be increased to 16%.

A full-text copy of the Court's Final DIP Order dated Dec. 30,
2015, is available at http://is.gd/hdfnp3

                      About MediaShift, Inc.

MediaShift, Inc. is a digital advertising technology company.  The
company, through its subsidiaries offers operators of private
internet networks to monetize their audiences through distributed
ad technology platforms and across multiple devices.

MediaShift, Inc., and Ad-Vantage Networks, Inc., filed Chapter 11
bankruptcy petitions (Bankr. C.D. Cal. Lead Case No. 15-25024) on
Sept. 30, 2015.  Rick Baran, the president, signed the petitions.
The Debtors estimated both assets and liabilities of $10 million to
$50 million.

The Debtors have engaged Levene, Neale, Bender, Yoo & Brill L.L.P,
as counsel.

Judge Sandra R. Klein is assigned to the cases.

The Office of the U.S. Trustee appointed four creditors to the
official committee of unsecured creditors.  Danning, Gill, Diamond
& Kollitz, LLP represents the committee.



MERCURY SIGNS: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Mercury Signs & Display, Ltd.
        12407 Sowden Road
        Houston, TX 77080-2032

Case No.: 16-30906

Chapter 11 Petition Date: February 23, 2016

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Hon. Jeff Bohm

Debtor's Counsel: Margaret Maxwell McClure, Esq.
                  LAW OFFICE OF MARGARET M. MCCLURE
                  909 Fannin, Suite 3810
                  Houston, TX 77010
                  Tel: 713-659-1333
                  Fax: 713-658-0334
                  E-mail: margaret@mmmcclurelaw.com

Total Assets: $817,790

Total Liabilities: $772,558

The petition was signed by Travis S. Hoffart & Ted Hoffart, Jr.,
managing members of GPs.

The Debtor did not include a list of its largest unsecured
creditors when it filed the petition.


MOLYCORP INC: Bondholders Not Part of Settlement, Lawyer Says
-------------------------------------------------------------
Steven Church, writing for Bloomberg Brief - Distress & Bankruptcy,
reported that secured bondholders of Molycorp Inc. aren't part of a
settlement with a committee of unsecured creditors that was
announced on Feb. 22, a lawyer for the company said in court the
following day.

According to the report, investors who hold 10 percent notes due in
2020 will share either equity or cash with lower-ranking creditors
under terms of the settlement.  A committee of unsecured creditors
has agreed to drop a lawsuit against Molycorp's main lender,
Oaktree Capital Management, and Molycorp's officers and directors,
the report related.

                       About Molycorp, Inc.

Molycorp Inc. -- http://www.molycorp.com/-- is a global rare
earths and rare metals producer.  Molycorp owns several prominent
rare earth processing facilities around the world.  It has a
workforce of 2,530 employees at locations on three continents.
Molycorp's Mountain Pass Rare Earth Facility in San Bernadino
County, California, is home to one of the world's largest and
richest deposits of rare earths.

Molycorp has corporate offices in the United States, Canada and
China.  CEO Geoffrey R. Bedford, and other senior management
members are located in Molycorp's corporate offices in Toronto,
Canada.  Other senior management members are located at its U.S.
corporate headquarters in Greenwood Village, Colorado.

Molycorp reported a net loss of $623 million in 2014, a net loss
of $377 million in 2013 and a net loss of $475 million in 2012.

As of March 31, 2015, the Company had $2.49 billion in total
assets, $1.78 billion in total liabilities and $709 million in
total stockholders' equity.

Molycorp and its North American subsidiaries, together with
certain of its non-operating subsidiaries outside of North
America, filed Chapter 11 voluntary petitions in Delaware (Bankr.
D. Del. Lead Case No. 15-11357) on June 25, 2015, after reaching
agreement with a group of lenders on a financial restructuring.
The Chapter 11 cases of Molycorp and 20 affiliated debts are
pending before Judge Christopher S. Sontchi.

The agreement provides for a financial restructuring of the
Company's $1.7 billion in debt and provides up to $225 million in
gross proceeds in new financing to support operations while the
Company completes negotiations with creditors.

The Company's operations outside of North America, with the
exception of non-operating companies in Luxembourg and Barbados,
are excluded from the filings.  Molycorp Rare Metals (Oklahoma),
LLC, with operations in Quapaw, Oklahoma, also is excluded from
the filings as it is not 100% owned by the Company.

Molycorp is being advised by the investment banking firm of Miller
Buckfire & Co. and is receiving financial advice from
AlixPartners, LLP.  Jones Day and Young, Conaway, Stargatt &
Taylor LLP act as legal counsel to the Company in this process.
Prime Clerk serves as claims and noticing agent.

Secured creditor Oaktree Capital Management L.P., consented to the
use of cash collateral and to extend postpetition financing.

On July 8, 2015, the U.S. trustee overseeing the Chapter 11 case
of Molycorp Inc. appointed eight creditors of the company to serve
on the official committee of unsecured creditors.

                            *     *     *

The U.S. Bankruptcy Court for the District of Delaware will convene
a hearing to consideration confirmation of Molycorp, Inc., et al.'s
Plan, including the approval of the sale of substantially all of
the Debtors' assets pursuant to the Plan, on March 28, 2016, 10:00
a.m., Eastern Time.

Judge Christopher Sontchi in Delaware approved the disclosure
statement explaining the Debtors' Plan on Jan. 20, 2015, after the
Debtors revised the Disclosure Statement to incorporate certain
modifications directed by the Court during the Jan. 14 hearing.

The Plan contemplates two possible outcomes: (1) the sale of
substantially all of the Debtors' assets if certain conditions set
forth in the Plan are satisfied and (2) (a) the sale of the assets
associated with the Debtors' Mountain Pass mining facility in San
Bernardino County, California; and (b) the stand-alone
reorganization around the Debtors' other three business units.


MOLYCORP INC: Oaktree, Creditors Reach Bankruptcy Deal
------------------------------------------------------
Peg Brickley, writing for Dow Jones' Daily Bankruptcy Review,
reported that junior and senior creditors have reached a deal that
will speed the end of the bankruptcy of Molycorp, and give senior
lender Oaktree Capital Management most of the value in the
embattled rare-earths company.

According to the report, the deal averts prolonged litigation
between junior creditors and Oaktree over loans to Molycorp, which
was driven to file for chapter 11 protection in June 2015, after
prices for its products plunged.

                       About Molycorp, Inc.

Molycorp Inc. -- http://www.molycorp.com/-- is a global rare      


earths and rare metals producer.  Molycorp owns several prominent
rare earth processing facilities around the world.  It has a
workforce of 2,530 employees at locations on three continents.
Molycorp's Mountain Pass Rare Earth Facility in San Bernadino
County, California, is home to one of the world's largest and
richest deposits of rare earths.

Molycorp has corporate offices in the United States, Canada and
China.  CEO Geoffrey R. Bedford, and other senior management
members are located in Molycorp's corporate offices in Toronto,
Canada.  Other senior management members are located at its U.S.
corporate headquarters in Greenwood Village, Colorado.

Molycorp reported a net loss of $623 million in 2014, a net loss
of $377 million in 2013 and a net loss of $475 million in 2012.

As of March 31, 2015, the Company had $2.49 billion in total
assets, $1.78 billion in total liabilities and $709 million in
total stockholders' equity.

Molycorp and its North American subsidiaries, together with
certain of its non-operating subsidiaries outside of North
America, filed Chapter 11 voluntary petitions in Delaware (Bankr.
D. Del. Lead Case No. 15-11357) on June 25, 2015, after reaching
agreement with a group of lenders on a financial restructuring.
The Chapter 11 cases of Molycorp and 20 affiliated debts are
pending before Judge Christopher S. Sontchi.

The agreement provides for a financial restructuring of the
Company's $1.7 billion in debt and provides up to $225 million in
gross proceeds in new financing to support operations while the
Company completes negotiations with creditors.

The Company's operations outside of North America, with the
exception of non-operating companies in Luxembourg and Barbados,
are excluded from the filings.  Molycorp Rare Metals (Oklahoma),
LLC, with operations in Quapaw, Oklahoma, also is excluded from
the filings as it is not 100% owned by the Company.

Molycorp is being advised by the investment banking firm of Miller
Buckfire & Co. and is receiving financial advice from
AlixPartners, LLP.  Jones Day and Young, Conaway, Stargatt &
Taylor LLP act as legal counsel to the Company in this process.
Prime Clerk serves as claims and noticing agent.

Secured creditor Oaktree Capital Management L.P., consented to the
use of cash collateral and to extend postpetition financing.

On July 8, 2015, the U.S. trustee overseeing the Chapter 11 case
of Molycorp Inc. appointed eight creditors of the company to serve
on the official committee of unsecured creditors.

                            *     *     *

The U.S. Bankruptcy Court for the District of Delaware will convene
a hearing to consideration confirmation of Molycorp, Inc., et al.'s
Plan, including the approval of the sale of substantially all of
the Debtors' assets pursuant to the Plan, on March 28, 2016, 10:00
a.m., Eastern Time.

Judge Christopher Sontchi in Delaware approved the disclosure
statement explaining the Debtors' Plan on Jan. 20, 2015, after the
Debtors revised the Disclosure Statement to incorporate certain
modifications directed by the Court during the Jan. 14 hearing.

The Plan contemplates two possible outcomes: (1) the sale of
substantially all of the Debtors' assets if certain conditions set
forth in the Plan are satisfied and (2) (a) the sale of the assets
associated with the Debtors' Mountain Pass mining facility in San
Bernardino County, California; and (b) the stand-alone
reorganization around the Debtors' other three business units.


MOLYCORP INC: Reports Foreign Units' Earnings Thru Dec. 2015
------------------------------------------------------------
Molycorp Inc. submitted to the U.S. Bankruptcy Court for the
District of Delaware its periodic report, as of Dec. 31, 2015, on
the value, operations and profitability of those entities in which
the estate holds a substantial or controlling interest, as required
by Bankruptcy Rule 2015.3.

The estates of Molycorp, Inc., et al. hold a substantial or
controlling interest in these entities:

                                                     Interest of
    Name of Entity                                    the Estate
    --------------                                    ----------
Industrial Minerals S.a.r.l.                            100%
Jiangyin Jiahua Advanced Material Resources Co., Ltd.    95%
Magnequench International Trading (Tianjin) Co., Ltd.   100%
Magnequench (Korat) Co., Ltd.                           100%
Magnequench Neo Powders Pte. Ltd.                       100%
Molycorp (Beijing) Co., Ltd.                            100%
Molycorp Chemicals & Oxides (Europe) Ltd.               100%
Molycorp Japan, Inc                                     100%
Molycorp Korea Inc.                                     100%
Molycorp Rare Metals Korea Inc.                         100%
Molycorp Rare Metals (Oklahoma), LLC                     80%
Molycorp Silmet AS                                      100%
Neo Performance Materials (Singapore) Pte. Ltd.         100%
NMT Holdings GmbH                                       100%
Shanxi Jia Hua Galaxy Electronic Materials Co., Ltd.     60%
Xin Bao Investment Limited                              100%
Zibo Jiahua Advanced Material Resources Co., Ltd.        95%
Zibo Jia Xin Magnetic Materials Ltd.                    100%
Boulder Wind Power, Inc.                            Pref. Stock
Gan Zhou Ke Li Rare Earth New Material                   25%
GQD Special Material (Thailand) Co., Ltd.                20%
Ingal Stade GmbH                                         50%

The owned-entities had these assets and liabilities as of Dec. 31,
2015, and earnings during the six months ended Dec. 31, 2015:

                                                      6-Months
    Name of Entity        Assets      Liabilities     Earnings
    --------------        ------      -----------     --------
Industrial Minerals      ($110,602)           $0     ($14,352)
Jiangyin Jiahua        $25,695,759    $3,954,400  ($2,206,253)
Magnequench Tianjin    $18,741,662    $1,042,915   $7,839,088
Magnequench Korat       $5,327,792    $1,447,682     $931,217
Magnequench Neo         $4,416,510      $283,720     $215,616
Molycorp Beijing          $506,727      $108,193      $11,096
Molycorp Europe         $6,757,613      $666,929     $662,690
Molycorp Japan         $12,280,537    $2,018,541     $411,581
Molycorp Korea            $233,959       $29,592      $24,301
Molycorp Rare Korea     $5,053,025      $752,491     $667,180
Molycorp Oklahoma       $1,679,975    $1,497,850      $76,098
Molycorp Silmet        $76,319,920    $4,320,309  ($6,476,098)
Neo Singapore             $835,987       $70,347      $44,353
NMT Holdings             ($561,988)           $0      ($9,368)
Shanxi Jia              $3,205,168    $1,000,776    ($275,284)
Xin Bao                $22,308,015       $50,318     ($61,085)
Zibo Jiahua            $30,267,080    $7,924,741   $4,731,822
Zibo Jia Xin             ($589,951)       $8,170      $20,266
Boulder Wind                    $0            $0           $0
Gan Zhou                       N/A           N/A          N/A
GQD Thailand                   N/A           N/A          N/A
Ingal Stade                     $0            $0           $0

Industrial Minerals S.a.r.l., a holding company incorporated in
Luxembourg, owns 100% of the equity interest in Sooriyan Mining
Company (Private) Limited, a rare earth exploration company in Sri
Lanka.  Jiangyin Jiahua Advanced Material Resources Co., Ltd., is a
rare earths processing plant, located approximately 150 kilometers
from Shanghai, in the city of Jiangyin, Jiangsu Province, China.  

Magnequench International Trading (Tianjin) Co., Ltd. engages in
the sales and distribution of Magnequench Neo Powders to domestic
Chinese customers.  Magnequench (Korat) Co., Ltd. is a magnetic
powder and alloy manufacturing facility located on approximately
250 kilometers of land northeast of Bangkok, Thailand.  Located in
Singapore, Magnequench Neo Powders Pte. Ltd. provides sales
support, and research and development aimed at introducing new
powder grades that meet new application needs as specified by the
customers.  

Molycorp (Beijing) Co., Ltd. provides administrative support for
operations in China.  Located in Abingdon, United Kingdom, Molycorp
Chemicals & Oxides (Europe) Ltd. primarily engages in the sales and
distribution of rare earth/zirconium mixed oxide related products
purchased from Zibo Jiahua Advanced Material Resources Co., Ltd.
and Jiangyin Jiahua Advanced Material Resources Co., Ltd., and also
engages in research and development of rare earth mixed oxides.
Based in Tokyo, Japan, Molycorp Japan, Inc., engages in the sales
and distribution of rare earth/zirconium mixed oxide related
products purchased from Zibo Jiahua Advanced Material Resources
Co., Ltd. and Jiangyin Jiahua Advanced Material Resources Co., Ltd.


Located in Seoul, Molycorp Korea Inc provides sales services to
both rare earth/Zirconium and Magnequench Neo Powders.  Located in
Hyeongok Industrial Zone in the Republic of Korea, Molycorp Rare
Metals Korea Inc. is a facility that produces and sells Gallium
Trichloride.  Located in Quapaw, Oklahoma, Molycorp Rare Metals
(Oklahoma), LLC is a manufacturer of Gallium Trichloride and was
formerly known as GalliumCompounds.  Primarily located in
Sillamäe, Estonia, Molycorp Silmet AS transforms rare earth
elements into rare earth products and has a longstanding experience
in the manufacturing of Niobium and Tantalum rare metal products.


Neo Performance Materials (Singapore) Pte. Ltd. is dedicated to the
research and development of new applications for rare
earth/Zirconium and rare metal products.  Located in Tubingen,
Germany, NMT Holdings GmbH is a holding company which holds a 100%
equity interest in Magnequench GmbH and a 50.04% share in Buss &
Buss Spezialmetalle GmbH.  Shanxi Jia Hua Galaxy Electronic
Materials Co., a joint venture company, owns a facility that
produces Gallium and is located in Shanxi, China.  Located in Hong
Kong, Xin Bao Investment Limited, a holding company, is the sole
shareholder of Magnequench (Tianjin) Company Limited and owner of a
33% interest in Toda Magnequench Magnetic Material (Tianjin) Co.,
Ltd., which produces magnetic compounds.  Zibo Jiahua Advanced
Material Resources Co., Ltd. facility is a rare earths and
zirconium processing plant located 21 kilometers from the center of
Zibo, an industrial center in Shandong Province, China.  Zibo Jia
Xin Magnetic Materials Ltd. is a company that owns an inactive
facility located within the boundaries of Zibo Jia Hua Advanced
Material Resources Co., Ltd.  

Boulder Wind Power, Inc., is a company engaged in the development
of permanent magnet generators and power conversion technology,
which investment was subsequently written off in 2014.  Gan Zhou
Keli Rare Earth New Material is a Chinese business that converts
rare earth oxides into metal for Magnequench (Tianjin) Company
Limited for use in its production of magnetic powder, and the
results of operations of this company are reported under
Magnequench Inc. based on equity method of accounting.

Ingal Stade GmbH is a German joint venture involved in the
extraction of gallium metal ("GaM") from alumina smelter bayer
liquor with purity level of 5N (99.999%) or higher, but the
investment of Molycorp Minerals Canada ULC in this joint venture
was reduced to zero in 2014.  GQD Special Material (Thailand) Co.,
Ltd. is a company in Thailand that converts rare earth oxides into
metal for Magnequench (Tianjin) Company Limited and Magnequench
(Korat) Co., Ltd. for use in their production of magnetic powder.
A full-text copy of the Rule 2015.3 Report, which contains the
balance sheet, statement of operations, and statement of cash flow
of each of the owned entities is available for free at:

   http://bankrupt.com/misc/Molycorp_1237_2015.3_Report.pdf

                       About Molycorp, Inc.

Molycorp Inc. -- http://www.molycorp.com/-- is a global rare
earths and rare metals producer.  Molycorp owns several prominent
rare earth processing facilities around the world.  It has a
workforce of 2,530 employees at locations on three continents.
Molycorp's Mountain Pass Rare Earth Facility in San Bernadino
County, California, is home to one of the world's largest and
richest deposits of rare earths.

Molycorp has corporate offices in the United States, Canada and
China.  CEO Geoffrey R. Bedford, and other senior management
members are located in Molycorp's corporate offices in Toronto,
Canada.  Other senior management members are located at its U.S.
corporate headquarters in Greenwood Village, Colorado.

Molycorp reported a net loss of $623 million in 2014, a net loss
of $377 million in 2013 and a net loss of $475 million in 2012.

As of March 31, 2015, the Company had $2.49 billion in total
assets, $1.78 billion in total liabilities and $709 million in
total stockholders' equity.

Molycorp and its North American subsidiaries, together with
certain of its non-operating subsidiaries outside of North
America, filed Chapter 11 voluntary petitions in Delaware (Bankr.
D. Del. Lead Case No. 15-11357) on June 25, 2015, after reaching
agreement with a group of lenders on a financial restructuring.
The Chapter 11 cases of Molycorp and 20 affiliated debts are
pending before Judge Christopher S. Sontchi.

The agreement provides for a financial restructuring of the
Company's $1.7 billion in debt and provides up to $225 million in
gross proceeds in new financing to support operations while the
Company completes negotiations with creditors.

The Company's operations outside of North America, with the
exception of non-operating companies in Luxembourg and Barbados,
are excluded from the filings.  Molycorp Rare Metals (Oklahoma),
LLC, with operations in Quapaw, Oklahoma, also is excluded from
the filings as it is not 100% owned by the Company.

Molycorp is being advised by the investment banking firm of Miller
Buckfire & Co. and is receiving financial advice from
AlixPartners, LLP.  Jones Day and Young, Conaway, Stargatt &
Taylor LLP act as legal counsel to the Company in this process.
Prime Clerk serves as claims and noticing agent.

Secured creditor Oaktree Capital Management L.P., consented to the
use of cash collateral and to extend postpetition financing.

On July 8, 2015, the U.S. trustee overseeing the Chapter 11 case
of Molycorp Inc. appointed eight creditors of the company to serve
on the official committee of unsecured creditors.

                            *     *     *

The Bankruptcy Court will convene a hearing to consideration
confirmation of Molycorp, Inc., et al.'s Plan, including the
approval of the sale of substantially all of the Debtors' assets
pursuant to the Plan, on March 28, 2016, 10:00 a.m., Eastern Time.

Judge Christopher Sontchi approved the disclosure statement
explaining the Debtors' Plan on Jan. 20, 2015, after the Debtors
revised the Disclosure Statement to incorporate certain
modifications directed by the Court during the Jan. 14 hearing.

The Plan contemplates two possible outcomes: (1) the sale of
substantially all of the Debtors' assets if certain conditions set
forth in the Plan are satisfied and (2) (a) the sale of the assets
associated with the Debtors' Mountain Pass mining facility in San
Bernardino County, California; and (b) the stand-alone
reorganization around the Debtors' other three business units.


MOTORS LIQUIDATION: Won't Pursue Avoidance Action Claims Amendment
------------------------------------------------------------------
As previously disclosed on Jan. 13, 2016, in a Current Report on
Form 8-K filed with the Securities and Exchange Commission, the
Motors Liquidation Company GUC Trust announced that it had reached
an agreement in principle with the Motors Liquidation Company
Avoidance Action Trust regarding the treatment of certain potential
general unsecured claims of defendants to a legal action being
pursued by the Avoidance Action Trust.  The Proposed Agreement, if
it were to become effective, would have resulted in limiting the
potential liability of the GUC Trust associated with the Term Loan
Avoidance Action Claims, which amount was previously uncertain, to
$75 million.

As stated in the Prior 8-K, the Proposed Agreement was subject to
the satisfaction of a number of conditions precedent, including but
not limited to a requirement that the parties negotiate and reach
agreement on definitive documentation incorporating the terms of
the Proposed Agreement.

The GUC Trust announced that the parties to the Proposed Agreement
were unable to reach agreement on the final terms of the Proposed
Agreement.  Accordingly, the GUC Trust will no longer be pursuing
the Proposed Agreement.

                     About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges
LLP, assist the Debtors in their restructuring efforts.  Al Koch
at AP Services, LLC, an affiliate of AlixPartners, LLP, serves as
the Chief Executive Officer for Motors Liquidation Company.  GM
is also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP
is providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured
Creditors Holding Asbestos-Related Claims.  Lawyers at Kramer
Levin Naftalis & Frankel LLP served as bankruptcy counsel to the
Creditors Committee.  Attorneys at Butzel Long served as counsel
on supplier contract matters.  FTI Consulting Inc. served as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On
the Dissolution Date, pursuant to the Plan and the Motors
Liquidation Company GUC Trust Agreement, dated March 30, 2011,
between the parties thereto, the trust administrator and trustee
-- GUC Trust Administrator -- of the Motors Liquidation Company
GUC Trust, assumed responsibility for the affairs of and certain
claims against MLC and its debtor subsidiaries that were not
concluded prior to the Dissolution Date.

As of June 30, 2015, Motors Liquidation had $860 million in total
assets, $74 million in total liabilities and $786 million in net
assets in liquidation.


MULTIPLAN INC: Bank Debt Trades at 3% Off
-----------------------------------------
Participations in a syndicated loan under which MultiPlan Inc is a
borrower traded in the secondary market at 97.10
cents-on-the-dollar during the week ended Friday, Feb. 12, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.50 percentage points from the
previous week.  MultiPlan Inc pays 300 basis points above LIBOR to
borrow under the $ 2.2 billion facility. The bank loan matures on
March 14, 2021 and carries Moody's B1 rating and Standard & Poor's
B+ rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Feb. 12.


NEIMAN MARCUS: Bank Debt Trades at 14% Off
------------------------------------------
Participations in a syndicated loan under which Neiman Marcus Group
Inc is a borrower traded in the secondary market at 85.73
cents-on-the-dollar during the week ended Friday, Feb. 12, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 1.38 percentage points from the
previous week.  Neiman Marcus pays 300 basis points above LIBOR to
borrow under the $ 2.9 billion facility. The bank loan matures on
Oct. 16, 2020 and carries Moody's B2 rating and Standard & Poor's
did not give any rating.  The loan is one of the biggest gainers
and losers among 247 widely quoted syndicated loans with five or
more bids in secondary trading for the week ended Feb. 12.


P.F. CHANG: S&P Revises Outlook to Negative & Affirms 'B-' CCR
--------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on the
Scottsdale, Ariz.-based Asian-themed restaurateur P.F. Chang's
China Bistro Inc. to negative from stable.  At the same time, S&P
affirmed all ratings, including the 'B-' corporate credit rating.

"The outlook revision reflects our expectation that weakened
operating performance will pressure liquidity, resulting in the
covenant cushion falling below 15%.  We believe a significant
turnaround in comparable sales and customer traffic is unlikely
amid a weakening casual dining market," said credit analyst Mathew
Christy.  "Although we continue to see some growth in the company's
licensing sales, these represents relatively insignificant portion
of total revenue and we now expect negative trends in comparable
sales to persist in 2016, only partially offset by new restaurants,
resulting in modestly declining revenue in 2016."

"The negative outlook reflects our expectation that weaker
operating performance will likely result in weak free operating
cash flow generation (neutral and slightly negative) and
deteriorating liquidity, pressuring covenant cushion to be below
the 15% level in 2016, especially after the step-down of the
leverage covenant in June 2016," S&P noted.

A lower rating could result from further deterioration of the
company's liquidity such that the capital structure becomes
unsustainable, or weaker operating performance results in an
increasing likelihood of breaching its senior secured leverage
covenants.  This could occur if EBITDA declines by more than 8%
from S&P's current base-case projections.  In this scenario,
interest coverage would decline to the low-2.0x range and adjusted
leverage would increase to about the mid-6x range.

S&P could consider an upgrade if the company achieves a sustained
improvement in operating results with consistent positive
comparable sales growth and increasing operating margins, leading
to adequate cushion under the secured leverage covenant to more
than 15% on a current and projected basis.  This scenario could
occur if EBITDA improved more than 8% versus S&P's 2016 base-case
scenario, commensurate with adjusted leverage in the mid-5x range.


PACIFIC SANDS: Provides Update on Corporate Wide Reorganization
---------------------------------------------------------------
Pacific Sands, Inc., for the quarter ending December 31, 2015, had
a loss from operations of $163,000.  Sales declined 80% from the
comparable prior year quarter primarily as a result of the lack of
working capital caused by very high debt service costs.

The company has been operating without a full time CFO.
Accordingly, a full time consultant with both a financial
background and experience in small business development and
operations was added to the Board of Directors at the beginning of
the year.

At that time the company implemented a corporate wide
reorganization dubbed Project Lazarus.

To date under this program, the company has restructured nearly a
quarter of a million dollars of very high cost debt, some with
principal and interest paid daily, to much lower interest rates and
on more sustainable payment terms.  One CD was refinanced as a
traditional low cost loan to cut potential dilution from future
conversions.

Nearly $100,000 of concessions, and principal reductions, of vendor
claims have been achieved, resulting in a more normal flow of
materials into inventory.

As raw material shipments have increased, order backlogs have begun
to decline and customers are being reengaged.

In addition, steps have been taken to significantly reduce selling
and general overhead cost to less than $200,000 per quarter.  While
not sustainable for the longer term, these cuts have allowed the
company to substantially reduce its profit and loss break-even
point.

A fresh, new look to the company website www.oxyboost.com has been
implemented to highlight the newly reformulated and rebranded
household laundry and cleaning products as well as the unique and
singular EcoOne Pool and Spa portfolio.  Also, the company has
begun to promote and market its products on additional social media
platforms.

The company has raised a very modest amount of capital without the
use of CDs so far this quarter.  A shortage of working capital
still limits the ability of the company to increase sales levels
significantly.  As additional improvements to our operations under
our reorganization plan are implemented, we hope to be able to
obtain additional non-equity sources of capital to fund
operations.

As of this date the company has nearly 250,000,000 shares of common
stock outstanding because of the use of CDs to fund past
operations.  Every officer and director of this company holds
shares of stock, and as a group owns nearly 22,000,000 shares.  The
support of other shareholders, customers, vendors, and especially
our loyal employees during this period of transition is
appreciated.

                       About The Company

Pacific Sands, Inc. -- http://www.oxyboost.com/-- develops,
markets and sells unique non-toxic, earth, health and
child-friendly products for cleaning, personal hygiene, and water
maintenance applications.  The company's ecoone(R) Spa Treatment
system earned a third place finish in the "Best Green Product"
category at the International Pool and Spa show held November 2012
in New Orleans.


PARAGON OFFSHORE: April 6 Hearing on Disclosure Statement
---------------------------------------------------------
A hearing will be held before the Honorable Christopher S. Sontchi,
U.S. Bankruptcy Judge, in the U.S. Bankruptcy Court for the
District of Delaware on April 6, 2016 at 10:00 a.m. (prevailing
Eastern Time), to consider approval of the disclosure statement
explaining Paragon Offshore plc, et al.'s proposed reorganization
plan.

Objections, if any, to approval of the Proposed Disclosure
Statement are due March 30, 2016 at 4:00 p.m. (prevailing Eastern
Time).

As reported in the Feb. 16, 2016 edition of the TCR, Paragon
Offshore plc, et al., filed with their Chapter 11 bankruptcy
petitions a proposed reorganization plan that lets holders of $1.02
billion in senior notes recover up to 72.6%, returns 100% cents on
the dollar to general unsecured creditors, and lets existing
shareholders retain 65% of the company.

Holders of approximately 95.6% in outstanding principal amount of
the revolving credit agreement claims entitled to vote on the Plan
and holders of 76.9% in outstanding principal amount of the senior
notes claims entitled to vote on the Plan have already agreed to
vote in favor of the Plan.

The rights of holders of general unsecured claims will be left
unaltered by the Plan, and the Debtors will continue to pay or
dispute each general unsecured claim in the ordinary course of
business.

The restructuring will leave the Debtors' business intact under
Paragon Offshore and substantially de-lever it, providing for the
reduction of $1.1 billion of the Debtors' existing debt and $60
million of the Debtors' annual cash interest expense upon the
completion of the Restructuring.

Copies of the Plan and Disclosure Statement are available for free
at:

   http://bankrupt.com/misc/Paragon_11_Ch11_Plan.pdf
   http://bankrupt.com/misc/Paragon_12_Disc_Statement.pdf

Counsel to the Debtors:

          WEIL, GOTSHAL & MANGES LLP
          767 Fifth Avenue
          New York, NY 10153
          Attn: Gary T. Holtzer, Esq.
                Stephen A. Youngman, Esq.
          Telephone: (212) 310-8000
          E-mail: gary.holtzer@weil.com
                  stephen.youngman@weil.com

Co-Counsel to the Debtors:

          RICHARDS, LAYTON & FINGER, P.A.
          One Rodney Square
          920 North King Street
          Wilmington, DE 19801
          Attn: Mark D. Collins, Esq.
                Amanda R. Steele, Esq.
          Telephone: (302) 651-7700
          E-mail: collins@rlf.com
                  steele@rlf.com

Counsel to the Ad Hoc Committee of Senior Noteholders

          PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
          1285 Avenue of the Americas
          New York, NY 10019
          Attn: Andrew N. Rosenberg, Esq.
                Elizabeth R. McColm, Esq.
          Telephone: (212) 373-3000
          E-mail: arosenberg@paulweiss.com
                  emccolm@paulweiss.com

Counsel to the Revolving Credit Facility Agent:

          SIMPSON THACHER & BARTLETT LLP
          425 Lexington Avenue
          New York, NY 10017
          Attn: Sandeep Qusba, Esq.
                Kathrine A. McLendon, Esq.
          Telephone: (212) 455-2000
          E-mail: squsba@stblaw.com
                  kmclendon@stblaw.com

                      About Paragon Offshore

Paragon Offshore plc -- http://www.paragonoffshore.com/-- is a
global provider of offshore drilling rigs.  Paragon's operated
fleet includes 34 jackups, including two high specification heavy
duty/harsh environment jackups, and six floaters (four drillships
and two semisubmersibles). Paragon's primary business is
contracting its rigs, related equipment and work crews to conduct
oil and gas drilling and workover operations for its exploration
and production customers on a dayrate basis around the world.
Paragon's principal executive offices are located in Houston,
Texas. Paragon is a public limited company registered in England
and Wales and its ordinary shares have been trading on the
over-the-counter markets under the trading symbol "PGNPF" since
December 18, 2015.

Paragon Offshore Plc, et al., filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10385 to 16-10410) on
Feb. 14, 2016, after reaching a deal with lenders on a
reorganization plan that would eliminate $1.1 billion in debt.

The petitions were signed by Randall D. Stilley as authorized
representative.  Judge Christopher S. Sontchi is assigned to the
case.

The Debtors reported total assets of $2.47 billion and total debts
of $2.96 billion as of Sept. 30, 2015.  

The Debtors have engaged Weil, Gotshal & Manges LLP as general
counsel, Richards, Layton & Finger, P.A. as local counsel, Lazard
Freres & Co. LLC as financial advisor, Alixpartners, LLP as
restructuring advisor, and Kurtzman Carson Consultants as claims
and noticing agent.

Judge Christopher S. Sontchi is assigned to the cases.


PEABODY ENERGY: Bank Debt Trades at 57% Off
-------------------------------------------
Participations in a syndicated loan under which Peabody Energy
Power Corp is a borrower traded in the secondary market at 42.56
cents-on-the-dollar during the week ended Friday, Feb. 12, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.94 percentage points from the
previous week.  Peabody Energy pays 325 basis points above LIBOR to
borrow under the $1.2 billion facility. The bank loan matures on
Sept. 20, 2020 and carries Moody's B3 rating and Standard & Poor's
B rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Feb. 12.


PEABODY ENERGY: Coal Bankruptcies May Leave Cleanup to Taxpayers
----------------------------------------------------------------
Jennifer A. Dlouhy, writing for Bloomberg Brief - Distress &
Bankruptcy, reported that recent coal company bankruptcies raise
the risk that taxpayers will "end up holding the bag" and foot the
costs of cleaning up old mines, U.S. Secretary of Interior Sally
Jewell said on Feb. 23.

"There is a very significant potential problem and risk to the
taxpayer with the pretty high-profile bankruptcies that have taken
place recently," Ms. Jewell told the Senate Energy and Natural
Resources Committee, the report related.

According to Bloomberg, coal companies mining on federal lands are
required to pay for cleanup costs and
other liabilities.  While some Appalachian states allow those
companies to pay into a bond fund, companies in western states
generally use their balance sheets as collateral, a process known
as "self-bonding," the Bloomberg report added.

"With some of these recent bankruptcies, we have seen some
negotiation between the state and the company" that federal
regulators "find of concern," Ms. Jewell said, the report further
related.

As previously reported by The Troubled Company Reporter, citing
Bloomberg Brief, an environmental advocacy group is calling on the
Illinois Department of Natural Resources to strip Peabody Energy's
self-bonding authority, asserting the coal mining giant's financial
condition has significantly deteriorated in recent years making
bankruptcy a virtual certainty.

According to the report, the Environmental Law & Policy Center
sent
a letter Feb. 1 to IDNR Director Wayne Rosenthal asking the agency
to require Peabody to substitute its current $92 million in
self-bonded obligations in Illinois with surety bonds --
essentially insurance policies purchased from a guarantor that
could cover the coal company's obligations in the event of
financial collapse.  The letter contends Peabody's balance sheet
is
so compromised that bankruptcy is a strong possibility for the
energy company, the report related.

"Illinois taxpayers should not be left holding the bag for the
reclamation of Peabody's coal mines," the report cited Howard
Learner, ELPC's executive director, as saying.  "Moreover, the
environment should not have to suffer because sufficient funds are
not available to get the job done.  We are dealing with a company
that had a stock price of about $74 three or four years ago. Today
Peabody's stock has an adjusted value of
about 30 cents -- a penny stock."

Kelley Wright, manager of corporate communications for Peabody,
dismissed the ELPC's representations, saying "Peabody has an
excellent record of land restoration and is routinely recognized
for these programs," the Bloomberg report related.  "All of our
mines were reaffirmed for self-bonding eligibility last year in
all
states where we have self-bonding.  The Illinois Basin is a core
region, and our U.S. mining results have been solid even with the
challenging markets."

Peabody Energy Corp. is based in St. Louis, Missouri, and is the
largest coal miner in the U.S.

                       *     *     *
                
As reported by the Troubled Company Reporter on Jan. 20, 2016,
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on St. Louis-based Peabody Energy Corp. to 'CCC+'
from 'B'.


PETSMART INC: Bank Debt Trades at 4% Off
----------------------------------------
Participations in a syndicated loan under which Petsmart Inc is a
borrower traded in the secondary market at 96.21
cents-on-the-dollar during the week ended Friday, Feb. 12, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.69 percentage points from the
previous week.  Petsmart Inc pays 325 basis points above LIBOR to
borrow under the $ 4.3 billion facility. The bank loan matures
March 10, 2022 and carries Moody's BB- rating and Standard & Poor's
Ba3 rating.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Feb. 12.


PHOTOMEDEX INC: To Sell Consumer and Professional Businesses
------------------------------------------------------------
PhotoMedex, Inc., announced it has entered into a definitive
agreement to sell its consumer products and professional products
businesses to DS Healthcare Group for total consideration of
approximately $48 million in a combination of convertible preferred
stock, common stock and a note.

This proposed transaction, which is structured in two reverse
triangular mergers, is subject to customary closing conditions,
including PhotoMedex and DS Healthcare Group shareholders approvals
and regulatory approvals.  The boards of directors of both
PhotoMedex and DS Healthcare Group have voted unanimously in favor
of the transaction, which is expected to close in the second
quarter of 2016.  Upon consummation of the transaction and assuming
conversion of convertible preferred securities and exercise of
existing warrants deemed by the parties to be equivalent in the
transaction to issued common stock, it is expected that there will
be approximately 43.3 million DS Healthcare Group common shares
outstanding.  After conversion of the deemed PhotoMedex common
stock equivalents, PhotoMedex shareholders will own approximately
43% of the company and DS Healthcare shareholders will own
approximately 57%, each on an "as converted" basis.

Commenting on the proposed transaction, Dr. Dolev Rafaeli, chief
executive officer of PhotoMedex, said, "This agreement presents our
shareholders with an opportunity to receive significant value for
our operating assets, both immediately and over the coming three
years.  In particular Radiancy's home-use medical and personal care
devices franchise and its unique marketing platform will gain an
additional arsenal of complementary products for distribution
alongside our portfolio of consumer brands.  Also, our Neova
professional skin care line will move seamlessly into DS
Healthcare's direct salesforce in Mexico, Spain and Colombia and
distributors in Canada, Portugal, Italy, South Africa, China, and
Brazil Our proprietary consumer marketing engine will be used to
increase the sales growth of DS Healthcare Group's disruptive
products through DTC channels and a direct-marketing platform.  The
structure of this agreement permits our shareholders to participate
in the growth anticipated by DS Healthcare in the near future while
the talented PhotoMedex staff is expected to transition to the new
owners.  PhotoMedex intends to distribute the proceeds from this
agreement, net of certain professional fees, severance, income
taxes and other costs, to its shareholders in an orderly fashion
over the next three years."

"We are very excited to add these innovative devices that have
absolutely no equivalent market competitor and a range of
proprietary technologies to our growing portfolio of products.
PhotoMedex has remarkable expertise in the development of personal
medical devices and has many additional products in the pipeline,
some of which have already received FDA clearance.  In addition,
the Neova professional skin care line adds valuable access to a
global network of physicians.  Through this transaction we will
expand our professional aesthetic and therapeutic skin care
portfolio in anti-aging skin care and specialty skin care products
used post-hair transplantation, and add to our portfolio of at-home
products for hair removal, acne treatment and back pain relief,"
commented Daniel Khesin, chairman and founder of DS Healthcare
Group.  "Through this transaction we will have a truly global
footprint and a massive marketing structure to unlock extraordinary
synergies and opportunities for our shareholders."

"DS Healthcare is uniquely positioned to immediately take advantage
of Radiancy assets to extract substantial value for all
shareholders," stated Renee Barch-Niles, chief executive officer of
DS Healthcare.  "Our combined product development expertise,
distribution relationships and industry-leading management team
will allow us to scale this business to unlock tremendous
appreciation to the company's combined value."

Transaction Terms

Under the terms of the agreement, DS Healthcare will issue $20
million convertible Series A preferred stock and a note in the
amount of $4.5 million in consideration of the Radiancy consumer
products business.  In addition, in consideration of the PhotoMedex
technology business, in which Neova is a part, DS Healthcare will
issue 8.75 million common shares, of which 6.0 million will be
considered "make whole" shares such that the total value of the 6.0
million shares of common stock must have a value of $20 million on
the third anniversary of the closing or additional shares will be
issued.  More information will be contained in a Form 8-K to be
filed today and available at www.sec.gov and in a proxy statement
to be issued to PhotoMedex shareholders and filed at www.sec.gov.

In addition, the composition of the DS Healthcare Group board of
directors will change, and will include three directors from
PhotoMedex, three directors from DS Healthcare and one independent
director.  Dolev Rafaeli, chief executive officer of PhotoMedex,
Dennis McGrath, president and chief financial officer of
PhotoMedex, and a third independent director from PhotoMedex’s
current board of directors, will join the DS Healthcare Group’s
board of directors upon closing of the transaction. The additional
board members will include Michael Pope, managing director of Vert
Capital and president of BOXLIGHT Corporation, Daniel Khesin,
chairman of the board and founder of DS Healthcare, and Renee
Barch-Niles, chief executive officer of DS Healthcare.  The parties
will mutually agree upon a seventh and independent director.

PhotoMedex intends to seek the customary six-month extension to
comply with the Nasdaq minimum bid price requirement, which is
accompanied by moving the listing of PhotoMedex common stock from
the Nasdaq Global Market to the Nasdaq Capital Market.

Canaccord Genuity Inc. served as financial advisor to PhotoMedex on
this transaction and Stevens and Lee served as legal counsel. Maxim
Group LLC served as financial advisor and CKR Law served as legal
counsel to DS Healthcare Group on this transaction.

Stockholder Approval

In connection with the transaction, each of DS Healthcare and
PhotoMedex will file with the SEC a proxy statement to be sent to
their respective stockholders seeking the approval from DS
Healthcare's stockholders of the issuance of shares to PhotoMedex
in connection with the mergers and from PhotoMedex's stockholders
of, among other things, the sale of substantially all of its assets
pursuant to the mergers.  The consummation of the mergers are
subject to, among other things, the review of the proxy statements
by the SEC, the approvals by DS Healthcare stockholders and
PhotoMedex stockholders, and other customary closing conditions.

The boards of directors of PhotoMedex and DS Healthcare have
approved the transaction.  Holders of approximately 24% of the
common stock of DS Healthcare and approximately 17% of the common
stock of PhotoMedex have agreed to vote their shares in favor of
the merger, which is currently expected to close in the second
quarter of 2016.

Additional information is available for free at:

                         http://is.gd/9jfTbs

                          About PhotoMedex

PhotoMedex, Inc., is a global health products and services company
providing integrated disease management and aesthetic solutions to
dermatologists, professional aestheticians, ophthalmologists,
optometrists, consumers and patients.  The Company provides
proprietary products and services that address skin conditions
including psoriasis, vitiligo, acne, actinic keratosis, photo
damage and unwanted hair, as well as fixed-site laser vision
correction services at our LasikPlus(R) vision centers.

PhotoMedex and its subsidiaries has entered into a second
amended and restated forbearance agreement with the lenders that
are parties to the credit agreement dated May 12, 2014, and with JP
Morgan Chase, as administrative agent for the Lenders pursuant to
which the Lender have agreed to forbear from exercising their
rights and remedies with respect to certain events of default from
Aug. 25, 2014, until April 1, 2016, or earlier if an event of
default occurs, according to a document filed with the Securities
and Exchange Commission in March 2015.

As of June 30, 2015, the Company had $67.7 million in total assets,
$23.9 million in total liabilities and $43.8 million in total
stockholders' equity.

                        Bankruptcy Warning

"If, in the future, PhotoMedex is required to obtain similar
forbearance agreements as a result of our inability to meet the
terms of the credit agreement, there can be no assurance that those
forbearance agreements will be available on commercially reasonable
terms or at all.  If, as or when required, we are unable to repay,
refinance or restructure our indebtedness under those credit
facilities, or amend the covenants contained therein, the lenders
could elect to terminate their commitments under the credit
facilities and institute foreclosure proceedings against our
assets.  Under such circumstances, we could be forced into
bankruptcy or liquidation.  In addition, any additional events of
default or declaration of acceleration under one of those
facilities or the forbearance agreement could also result in an
event of default under one or more of these agreements.  Such a
declaration would have a material adverse impact on our liquidity,
financial position and results of operations," the Company stated
in its 2014 annual report.


POSITRON CORP: Joseph Oliverio Quits as President and Chairman
--------------------------------------------------------------
Joseph G. Oliverio resigned as president and chairman of the Board
of Directors of Positron Corporation effective Feb. 16, 2016,
according to a document filed with the Securities and Exchange
Commission.  That resignation was not due to a disagreement with
the Registrant on any matter relating to the Company's operations,
policies or practice, the filing stated.

                  About Positron Corporation

Headquartered in Fishers, Indiana, Positron Corporation is a
molecular imaging company focused on nuclear cardiology.

Positron reported a net loss of $2.58 million on $1.46 million of
sales for the year ended Dec. 31, 2014, compared to a net loss of
$7.1 million on $1.63 million of sales for the year ended Dec. 31,
2013.

As of June 30, 2015, the Company had $1.64 million in total assets,
$2.97 million in total liabilities and a stockholders' deficit of
$1.32 million.

Sassetti LLC, in Oak Park, Illinois, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has a significant
accumulated deficit which raises substantial doubt about the
Company's ability to continue as a going concern.


QUICKSILVER RESOURCES: Canada Unit Has Forbearance Until April 1
----------------------------------------------------------------
Quicksilver Resources Canada Inc., a wholly owned subsidiary of
Quicksilver Resources Inc., entered into a Fifth Forbearance
Agreement on February 16, 2016, with:

     -- JPMorgan Chase Bank, N.A., as global administrative
        agent;

     -- JPMorgan Chase Bank, N.A., Toronto Branch, as Canadian
        administrative agent; and

     -- the lenders party thereto,

relating to the Amended and Restated Credit Agreement dated as of
December 22, 2011 by and among the Company, as parent, Quicksilver
Canada, as borrower, the Canadian Administrative Agent, and the
lenders parties thereto.

Under the Fifth Forbearance Agreement, the Administrative Agents
and the requisite lenders agreed to, among other things, continue
to forbear from exercising all of their rights and remedies in
connection with specified defaults under the Canadian Credit
Agreement related to the chapter 11 filings of the Company and
certain of its subsidiaries until the earlier of:

     (i) April 1, 2016,

    (ii) the commencement against Quicksilver Canada or certain
         specified Canadian subsidiary guarantors of any
         litigation in which the amounts involved, individually
         or in the aggregate, equal or exceed $5,000,000, that
         could reasonably be expected to have a material adverse
         effect on the validity or enforceability of the Canadian
         loan documents, the rights and remedies of the Canadian
         Administrative Agent and the Canadian secured parties
         under the Canadian loan documents and applicable law, or
         the business, operations, property or financial
         condition of the Non-Filers, taken as a whole,

   (iii) the acceleration of, or any other exercise of any rights
         or remedies in respect of, any other indebtedness of any
         Non-Filer the outstanding principal amount of which
         exceeds, individually or in the aggregate for such Non-
         Filer, $5,000,000,

    (iv) any Non-Filer taking any action to challenge the
         validity or enforceability of the Fifth Forbearance
         Agreement or any other Canadian loan document or any
         provision of the Fifth Forbearance Agreement or such
         documents,

     (v) the commencement by any Non-Filer of proceedings under
         bankruptcy, insolvency, receivership, restructuring or
         similar law,

    (vi) the occurrence of any termination event under the cash
         collateral order of the United States Bankruptcy Court
         for the District of Delaware,

   (vii) any failure by Quicksilver Canada to pay interest on
         the loans under the Canadian Credit Agreement at the
         applicable rate,

  (viii) any failure by the Company to pay interest on the loans
         under the Amended and Restated Credit Agreement, dated
         as of December 22, 2011 by and among the Company, as
         borrower, the guarantors party thereto, the Global
         Administrative Agent and the lenders parties thereto, at
         the applicable rate in accordance with the terms of the
         cash collateral order and the Waiver and Forbearance
         Agreement, dated March 16, 2015, by and among the
         Company, Quicksilver Canada, the guarantors party
         thereto, the Administrative Agents and the lenders party
         thereto, and

    (ix) any failure by the Debtors to comply with their cash
         collateral and other obligations pursuant to paragraph
         15 of the January 27, 2016 Bankruptcy Court Order
         approving the sale of certain assets to BlueStone
         Natural Resource II, LLC.

Quicksilver Canada acknowledges and agrees that as of the close of
business on February 1, 2016, the Secured Indebtedness includes,
without limitation, not less than $75.6 million of Loans and not
less than $1.7 million of face amount of Letters of Credit (in each
case, on a United States dollar equivalent).

A copy of the Fifth Forbearance Agreement, dated February 16, 2016,
among Quicksilver Resources Canada Inc. and the agents and lenders
party thereto, is available at http://is.gd/KfprL9

The lending syndicate consists of:

     * JPMORGAN CHASE BANK, N.A., as a Lender under the U.S.
       Credit Agreement and as Global Administrative Agent;

     * JPMORGAN CHASE BANK, N.A., TORONTO BRANCH, as a Lender
       and Issuing Bank under the Canadian Credit Agreement and
       as Canadian Administrative Agent;

     * BANK OF AMERICA, N.A., as a Lender under the U.S. Credit
       Agreement;

     * BANK OF AMERICA, N.A., (by its Canada Branch) as a Lender
       under the Canadian Credit Agreement;

     * CANADIAN IMPERIAL BANK OF COMMERCE, as a Lender under
       the Canadian Credit Agreement;

     * CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH, as
       a Lender under the U.S. Credit Agreement;

     * CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a
       Lender under the U.S. Credit Agreement and the Canadian
       Credit Agreement;

     * CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender under
       the U.S. Credit Agreement;

     * CREDIT SUISSE AG, TORONTO BRANCH, as a Lender under the
       Canadian Credit Agreement;

     * GOLDMAN SACHS BANK USA, as a Lender under the U.S. Credit
       Agreement;

     * TORONTO DOMINION (NEW YORK) LLC, as a Lender under the
       U.S. Credit Agreement;

     * THE TORONTO-DOMINION BANK, as a Lender under the Canadian
       Credit Agreement;

     * UBS AG, STAMFORD BRANCH, as a Lender under the U.S. Credit
       Agreement;

     * UBS AG CANADA BRANCH, as a Lender under the Canadian
       Credit Agreement;

     * WELLS FARGO BANK, N.A., as a Lender under the U.S. Credit
       Agreement;

     * WELLS FARGO FINANCIAL CORPORATION CANADA, as a Lender
       under the Canadian Credit Agreement; and

     * KEYBANK, N.A., as a Lender under the U.S. Credit Agreement

                  About Quicksilver Resources

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The Company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc. is headquartered in Calgary, Alberta.

On March 17, 2015, Quicksilver Resources Inc. and certain of its
affiliates filed voluntary petitions for relief under Chapter 11 of
the Bankruptcy Code in Delaware.  Quicksilver's Canadian
subsidiaries were not included in the chapter 11 filing.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld LLP
in the U.S. and Bennett Jones in Canada.  Richards Layton & Finger,
P.A., is legal co-counsel in the Chapter 11 cases.  Houlihan Lokey
Capital, Inc., is serving as financial advisor.  Garden City Group
Inc. is the claims and noticing agent.

The Company's balance sheet at Dec. 31, 2014, showed $1.21 billion
in total assets, $2.35 billion in total liabilities and total
stockholders' deficit of $1.14 billion.

The U.S. Trustee for Region 3 appointed five creditors of
Quicksilver Resources Inc. to serve on the official committee of
unsecured creditors.

                           *     *     *

Quicksilver Resources Inc. and its U.S. subsidiaries on January
22, 2016, entered into an Asset Purchase Agreement with BlueStone
Natural Resources II, LLC pursuant to which the Buyer agreed to
purchase substantially all of the Sellers' U.S. oil and gas assets
for a cash purchase price of $245.0 million.

The consummation of the transactions contemplated by the Purchase
Agreement is subject to customary closing conditions, and such
transactions are expected to close on or before March 31, 2016.


RADIO SYSTEMS: S&P Affirms 'B' CCR & Revises Outlook to Negative
----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed all ratings on
Knoxville, Tenn.-based Radio Systems Corp., including the 'B'
corporate credit rating, and revised the outlook to negative from
stable.

Pro forma for this transaction, S&P estimates adjusted debt
outstanding of roughly $580 million at year-end 2015 (compared with
$250 million pre-transaction).

"The outlook revision to negative reflects our estimate that this
transaction will increase the ratio of pro forma debt to EBITDA to
close to 8x compared with about 4x for the fiscal year ended Dec.
31, 2015.  Thereafter, leverage will steadily increase given the
substantial accretion in the company's preferred equity, which S&P
views as a debt obligation that will require refinancing prior to
its seven year maturity," said Standard & Poor's credit analyst
Chris Johnson.  "Moreover, the company is not amending its bank
facilities to further limit future dividends to the majority
founder and owner in conjunction with this transaction.  Therefore,
the company may resume dividends in the future, possibly weakening
discretionary cash flow and future debt repayment."

The ratings affirmation is based on the company's stated intentions
to not make dividend payments and instead prioritize debt reduction
in 2016.  The affirmation is also based on Standard & Poor's
expectation for ongoing EBITDA growth and stronger after-tax income
following the transaction, which should lead to better debt service
ratios (including funds from operations (FFO) cash interest
coverage increasing to closer to 3x over the next year), given that
cash interest will not materially increase since the majority of
the interest on the preferred securities will be PIK.

S&P could revise the outlook to stable if the company demonstrates
a commitment to debt payment beyond 2016 and to not resuming
aggressive dividend payments.  Based on S&P's current projections,
this could happen if the company repays its working capital
borrowings by fiscal year-end 2016 (leading to limited pre-payable
debt of less than $10 million thereafter) and repurchases a portion
of their second-lien notes while not making aggressive dividend
payments.


RESTAURANT ASSOCIATES: Case Summary & 13 Unsecured Creditors
------------------------------------------------------------
Debtor: Restaurant Associates of Puerto Rico, Inc.
        1000 Conquistador Ave.
        Fajardo, PR 00738

Case No.: 16-01330

Chapter 11 Petition Date: February 24, 2016

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Debtor's Counsel: Javier A Vega Villalba, Esq.
                  WEINSTEIN BACAL & MILLER, PSC
                  Gonzalez Padin Bldg Penthouse
                  154 Rafael Cordero
                  San Juan, PR 00901
                  E-mail: jvv@w-bmlaw.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

Largest unsecured creditor: Department of Treasury of PR, $500,000


The petition was signed by Dayn Smith, president.

A list of the Debtor's 13 largest unsecured creditors is available
for free at http://bankrupt.com/misc/prb16-01330.pdf


RESTAURANTS ACQUISITION: 341 Meeting Adjourned to March 1
---------------------------------------------------------
The Office of the U.S. Trustee adjourned the meeting of creditors
of Restaurants Acquisition I LLC to March 1, 2016, at 2:30 p.m.,
according to a filing with the U.S. Bankruptcy Court in Delaware.

The meeting will take place at J. Caleb Boggs Federal Building,
Room 2112, 844 King Street, Wilmington, Delaware.

The court overseeing the bankruptcy case of a company schedules the
meeting of creditors usually about 30 days after the bankruptcy
petition is filed.  The meeting is called the "341 meeting" after
the section of the Bankruptcy Code that requires it.

A representative of the company is required to appear at the
meeting and answer questions under oath.  The meeting is presided
over by the U.S. trustee, the Justice Department's bankruptcy
watchdog.

                  About Restaurants Acquisition

Restaurants Acquisition I, LLC filed a Chapter 11 bankruptcy
petition (Bankr. D. Del. Case No. 15-12406) on Dec. 2, 2015.  The
petition was signed by Craig W. Barber as president.  Duane Morris
LLP represents the Debtor as counsel.

The Debtor operates a chain of full-service restaurants throughout
Texas, largely located in the Dallas-Fort Worth and Houston
metropolitan area, operating under the trade-names Black-eyed Pea
and Dixie House.  Through its restaurants, the Debtor also provides
its customers and patrons with on and off premises dining along
with catering services.

The Debtor's debt obligations consist of approximately $2.44
million in loans under a secured credit agreement with CNL
Financial Group, Inc., approximately $1.42 million in loans owed to
Grove Family Investments, L.P., approximately $850,000 owed to
American Express Bank, FSB, under a business and loan security
agreement and approximately $2.17 million in trade debt.

As of the Petition Date, the Debtor estimates that it has
approximately $3.92 million of unsecured trade debt and other
outstanding operating expenses, including, but not limited to,
rent, general operating payables and past-due taxes.


RIVERBED TECHNOLOGY: Bank Debt Trades at 2% Off
-----------------------------------------------
Participations in a syndicated loan under which Riverbed Technology
Inc is a borrower traded in the secondary market at 97.95
cents-on-the-dollar during the week ended Friday, Feb. 12, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.88 percentage points from the
previous week.  Riverbed Technology Inc pays 500 basis points above
LIBOR to borrow under the $1.625 billion facility. The bank loan
matures on Feb. 11, 2022 and carries Moody's B1 rating and Standard
& Poor's B rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended Feb. 12.


ROBERT SIMON: 3rd Cir. Says Debtors Could Have Understood Subpoena
------------------------------------------------------------------
Jody Godoy at Bankruptcy Law360 reported that the Third Circuit
handed a collection agency and its law firm a win in a Fair Debt
Collection Practices Act suit on Feb. 17, 2016, saying a couple who
sued over the agency's subpoena in their bankruptcy case couldn't
have been misled by the document.

The three-judge panel said a New Jersey federal judge had been
right to issue summary judgment for FIA Card Services NA and its
counsel, Weinstein & Riley PS, in tossing Robert and Stacey Simon's
suit claiming they violated the FDCPA.

On Dec. 30, 2010, Robert Maxwell Simon and Stacey Helene Simon
filed for bankruptcy protection (Case No. No. 10-50052) under
Chapter 7 of the Bankruptcy Code, 11 U.S.C. Sec. 701–84, in the
United States Bankruptcy Court for the District of New Jersey.  The
Simons are represented by Andy Winchell, Esq., at Law Offices of
Andy Winchell.


RYCKMAN CREEK: 341 Meeting of Creditors Set for March 10
--------------------------------------------------------
The meeting of creditors of Ryckman Creek Resources LLC and its
affiliated debtors is set to be held on March 10, 2016, at 10:00
a.m. (Eastern Time), according to a filing with the U.S. Bankruptcy
Court in Delaware.

The meeting will be held at J. Caleb Boggs Federal Building, 2nd
Floor, Room 2112, 844 King Street, Wilmington, Delaware.
.
The court overseeing the bankruptcy case of a company schedules the
meeting of creditors usually about 30 days after the bankruptcy
petition is filed.  The meeting is called the "341 meeting" after
the section of the Bankruptcy Code that requires it.

A representative of the company is required to appear at the
meeting and answer questions under oath.  The meeting is presided
over by the U.S. trustee, the Justice Department's bankruptcy
watchdog.

                           About Ryckman

Ryckman Creek Resources, LLC, Ryckman Creek Resources Holdings LLC,
Peregrine Rocky Mountains LLC and Peregrine Midstream Partners LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos.
16-10292 to 16-10295) on Feb. 2, 2016.  The petitions were signed
by Robert Foss as chief executive officer.  Kevin J. Carey has been
assigned the case.

The Debtors have engaged Skadden, Arps, Slate, Meagher & Flom LLP
as counsel, AP Services, LLC as management provider, Evercore Group
LLC as investment banker, and Kurtzman Carson Consultants LLC as
claims and noticing agent.

The Debtors estimated both assets and liabilities in the range of
$100 million to $500 million.  As of the Petition Date, Ryckman had
approximately $333 million of prepetition bank debt.


RYCKMAN CREEK: U.S. Trustee Forms Five-Member Committee
-------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, appointed five
creditors of Ryckman Creek Resources LLC and its affiliated debtors
to serve on the official committee of unsecured creditors.

The unsecured creditors are:

     (1) Troy Construction, LLC
         Attn: Daniel J. O'Hare
         8521 McHard Rd.
         Houston, TX 77052
         Phone: 281-437-8214
         Fax: 281-437-9580

     (2) Redi Services LLC
         Attn: Jeff Nelson
         PO Box 310
         Lyman, WI 42937
         Phone: 307-787-6333
         Fax: 307-787-3134

     (3) Alliance Process Partners LLC dba IAG
         Attn: J.B. Switzer
         10300 Town Park Dr.
         SE4003, Houston, TX 77072
         Phone: 832-615-1456
         Fax: 713-690-9092

     (4) BCCK Engineering, Inc.
         Attn: Ben Friedman, CFO
         2500 N. Big Spring St.
         Midland, TX 79705
         Phone: 432-685-6095
         Fax: 432-685-7021

     (5) Praxair, Inc.
         Attn: Jeffrey Weiss
         39 Old Ridgebury Rd.
         Danbury, CT 06810
         Phone: 203-837-2104

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and financial
affairs.  Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                           About Ryckman

Ryckman Creek Resources, LLC, Ryckman Creek Resources Holdings LLC,
Peregrine Rocky Mountains LLC and Peregrine Midstream Partners LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos.
16-10292 to 16-10295) on Feb. 2, 2016.  The petitions were signed
by Robert Foss as chief executive officer.  Kevin J. Carey has been
assigned the case.

The Debtors have engaged Skadden, Arps, Slate, Meagher & Flom LLP
as counsel, AP Services, LLC as management provider, Evercore Group
LLC as investment banker, and Kurtzman Carson Consultants LLC as
claims and noticing agent.

The Debtors estimated both assets and liabilities in the range of
$100 million to $500 million.  As of the Petition Date, Ryckman had
approximately $333 million of prepetition bank debt.


SAMUEL E. WYLY: Says Too Late for IRS to Collect Tax Deficiencies
-----------------------------------------------------------------
Kelly Knaub at Bankruptcy Law360 reported that business tycoon Sam
Wyly and his sister-in-law told a Texas bankruptcy judge on Feb.
16, 2016, that it's too late for the IRS to collect tax
deficiencies from 1992 to 1996 in its $2.2 billion dispute, saying
the agency has failed to prove that it can seek the taxes from
later annuity payments and waited too long to broach the issue.
Sam Wyly and the widow of his late brother, Dee Wyly, told U.S.
Bankruptcy Judge Barbara Houser that the IRS waited too long to
argue that mitigation provisions in the IRS code prevent them from
doubly excluding income -- their options and stock
transactions-related income and annuity payments -- from taxation,
and also failed to show that their cases meet the limited
requirements for the provisions.

                         About Sam Wyly

Sam Wyly is a lifelong entrepreneur and author.  His first book,
1,000 Dollars & An Idea, is a biography that tells his story of
creating and building companies, including University Computing,
Michaels Arts & Crafts, Sterling Software, and Bonanza Steakhouse.
His second book, Texas Got It Right!, co-authored with his son,
Andrew, was gifted to roughly 450,000 students and teachers,
thought leaders, and readers, and continues to be a best-seller in
its Amazon category.

Samuel Wyly filed for Chapter 11 bankruptcy protection (Bankr.
N.D. Tex. Case No. 14-35043) on Oct. 19, 2014, weeks after a judge
ordered him to pay several hundred million dollars in a civil
fraud case.  In September 2014, a federal judge ordered Mr. Wyly
and the estate of his deceased brother to pay more than $300
million in sanctions after they were found guilty of committing
civil fraud to hide stock sales and nab millions of dollars in
profits.

                        About Caroline Wyly

Caroline Wyly is the widow of business tycoon Charles Wyly.  She
and her brother-in-law Sam Wyly sought Chapter 11 bankruptcy
protection as leverage to settle a looming tax bill and a $329
million claim from the Securities and Exchange Commission.  Her
bankruptcy is In re Caroline D. Wyly, 14-35074, in U.S. Bankruptcy
Court, Northern District Texas (Dallas).


SANTA FE GOLD: March 8 Hearing on Bid to Dismiss Case
-----------------------------------------------------
BankruptcyData reported that Santa Fe Gold filed with the U.S.
Bankruptcy Court a motion for entry of an order dismissing the
Chapter 11 cases and granting related relief.

The motion explains, "The Court must approve dismissal of the
Chapter 11 cases on the terms set forth because, among other
things, (a) the Debtors cannot bear the administrative costs of
formulating and confirming a plan of reorganization, (b) the
Debtors have no remaining tangible estate assets to administer, nor
the funds to do so....In the cases, it is not realistic or even
possible for the Debtors to confirm a chapter 11 plan.

The Debtors have sold substantially all of their assets, and the
only likely potential cause of action that may have resulted in a
recovery to the Debtors' estates has been resolved pursuant to the
settlement.  There is no business to reorganize.  There is no
prospect of distributions to creditors, other than from the GUC
Settlement Proceeds, which represent a far better outcome for the
Debtors' creditors than they would otherwise be able to
obtain....Under the circumstances presented, conversion to chapter
7 and appointment of a chapter 7 trustee would impose significant
and unnecessary additional administrative costs upon the Debtors'
estates with no correlative benefit.  There are simply no assets of
value for a potential chapter 7 trustee to administer.  There would
be no benefit to (and indeed only a burden upon) the Debtors'
creditors and estates by conversion."

The Court scheduled a March 8, 2016 hearing on the motion.

                        About Santa Fe Gold

Santa Fe Gold Corporation and three affiliated entities, a group
of
mining and mineral exploration companies headquartered in
Lordsburg, New Mexico, filed Chapter 11 bankruptcy petitions
(Bankr. D. Del. Lead Case No. 15-11761) on Aug. 26, 2015, to
pursue
an expedited sale of their assets in order to maximize value for
all stakeholders.

The case is pending before the Honorable Mary F. Walrath.  The
cases are being jointly administered for procedural purposes.  

Santa Fe Gold disclosed $19.1 million in assets and $29.9 million
in debt as of March 31, 2015.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, as
counsel; Canaccord Genuity Group Inc., as financial advisor; and
American Legal Claim Services, LLC, as notice, claims, and
solicitation agent.

The Official Committee of Unsecured Creditors tapped Polsinelli PC
and Squire Patton Boggs (US) LLP as attorneys.

Waterton Global Value, L.P., the prepetition lender, the DIP
lender
and buyer of the assets, is represented by Richards, Layton &
Finger, P.A., and Sidley Austin LLP.


SBP HOLDING: S&P Lowers CCR to 'CCC+', Outlook Stable
-----------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on SBP Holding L.P. to 'CCC+' from 'B'.  The outlook is
stable.

At the same time, S&P lowered the issue-level ratings on the
company's first-lien term loan to 'CCC+' from 'B'.  The recovery
rating remains '3', indicating S&P's expectation of meaningful (50%
to 70%; upper half of the range) recovery in the event of a payment
default.  S&P also lowered the issue-level ratings on the company's
second-lien term loan to 'CCC-' from 'CCC+'.  The recovery rating
remains '6', indicating S&P's expectation of negligible (0% to 10%)
recovery in the event of a payment default.

"The downgrade reflects SBP Holding substantial exposure to oil and
gas end markets and the continued drag the sector is projected to
have on the company's cash flows," said Standard & Poor's credit
analyst Michael Tsai.

S&P assesses SBP's business risk profile as weak and its financial
risk profile as highly leveraged.  S&P assess liquidity as
adequate.

The stable outlook reflects Standard & Poor's view that the company
will maintain adequate liquidity with positive operating cash flows
and low capital spending requirements.

S&P could lower the rating if it assessed liquidity as less than
adequate, which could result from further decreases to the
company's credit facility borrowing base stemming from increasing
challenges in the company's oil and gas business, and/or the
company engages in further debt-financed acquisitions.

Upside scenarioWe could raise the rating if S&P projected credit
measures to improve, such that FFO/debt was approaching 12%, which
would likely result from improving oil and gas end markets.


SEMLER SCIENTIFIC: Dismisses Chief Financial Officer
----------------------------------------------------
The Board of Directors of Semler Scientific, Inc. determined to
terminate the Company's engagement of Mr. James Walker as chief
financial officer and principal accounting officer of the Company
through its consulting agreement with The Brenner Group, the
Company disclosed in a Form 8-K filed with the Securities and
Exchange Commission.  

The Company has reappointed Daniel E. Conger, age 39, the Company's
vice president of finance, as the Company's principal accounting
officer effective as of Feb. 18, 2016.  Mr. Walker may provide
consulting services on an as-needed basis to the Company.

Mr. Conger has served as the vice president of finance of the
Company since October 2010.  From September 2008 until joining the
Company, Mr. Conger worked at Bacchus Vascular and its acquirer
Covidien, Inc., a medical device, supplies and pharmaceuticals
company, where he was the Plant Controller for the San Jose plant.
At Covidien, Mr. Conger was responsible for creation of a $130
million annual budget, leading a team of six people.  He had sole
responsibility for preparation of monthly and quarterly financial
statements, and presented quarterly results to executive management
of the global business unit.  Mr. Conger has been working in the
medical device, start-up and biotechnology industries since 2006,
and has experience designing internal control systems, implementing
such systems, and running finance in a business centered manner.
He received his B.S. in Business Administration from Humboldt State
University in May 2001 and an MBA- Accounting Option from
California State University East Bay in June 2010.

Mr. Conger's employment is governed by the terms of his Oct. 18,
2010, at-will employment agreement.  Under the terms of the
agreement, Mr. Conger can be terminated at any time and his job
titles, salaries and benefits may be modified from time to time as
the Company deems necessary.  Effective Jan. 1, 2016, Mr. Conger's
base salary was $157,500 with target incentive of 20% of base
salary.

Also on Feb. 18, 2016, the Board of the Company, upon the
recommendation of its Compensation Committee, approved the
following compensation arrangement for Douglas Murphy-Chutorian,
M.D., Director, president and chief executive officer, effective
Jan. 1, 2016.

       Base Salary                  $367,500
       Target Incentive             50% of Base Salary
       Equity                       125,000 stock options

Any target incentive will be at the discretion of the Compensation
Committee and will be based on achievement of performance goals by
Dr. Murphy-Chutorian.  On Feb. 18, 2016, the Compensation
Committee, as ratified by the Board, granted Dr. Murphy-Chutorian
options to acquire 125,000 shares of common stock pursuant to the
Semler Scientific, Inc. 2014 Stock Incentive Plan, which options
have a 10-year term.  One-quarter of the options will vest in full
upon the one-year anniversary of the grant date, and the remainder
of which vest monthly thereafter such that they are vested in full
on the four-year anniversary of the grant date.

                     About Semler Scientific

Semler Scientific, Inc. provides diagnostic and testing services to
healthcare insurers and physician groups.  The Portland,
Oregon-based Company develops, manufactures and markets innovative
proprietary products and services that assist healthcare providers
in evaluating and treating chronic diseases.

As of Sept. 30, 2015, Semler had $3.52 million in total assets,
$2.98 million in total liabilities and $531,000 in total
stockholders' equity.

"We have incurred recurring losses since inception and expect to
continue to incur losses as a result of costs and expenses related
to our marketing and other promotional activities, research and
continued development of our vascular testing product and our
testing service.  Our principal sources of cash have included the
issuance of equity, primarily our February 2014 initial public
offering of common stock, as well as other private placements of
our shares, revenue, and to a lesser extent, borrowings under loan
agreements.  We expect that as our revenues grow, our operating
expenses will continue to grow and, as a result, we will need to
generate significant additional net revenues to achieve
profitability.  For this reason, the Company's independent
registered public accountants' report for the year ended December
31, 2014 included an explanatory paragraph that expresses
substantial doubt about our ability to continue as a "going
concern."  The Company said this doubt continues to exist.


SFX ENTERTAINMENT: 341 Meeting of Creditors Set for March 11
------------------------------------------------------------
The meeting of creditors of SFX Entertainment Inc. and its
affiliated debtors is set to be held on March 11, 2016, at 9:00
a.m., according to a filing with the U.S. Bankruptcy Court in
Delaware.

The meeting will be held at J. Caleb Boggs Federal Building, 2nd
Floor, Room 2112, 844 King Street, Wilmington, Delaware.
.
The court overseeing the bankruptcy case of a company schedules the
meeting of creditors usually about 30 days after the bankruptcy
petition is filed.  The meeting is called the "341 meeting" after
the section of the Bankruptcy Code that requires it.

A representative of the company is required to appear at the
meeting and answer questions under oath.  The meeting is presided
over by the U.S. trustee, the Justice Department's bankruptcy
watchdog.

                      About SFX Entertainment

Headquartered in New York, New York, SFX Entertainment, with
approximately $312 million in pro-forma revenues, is a producer of
live events and media and entertainment content focused exclusively
on electronic music culture.

SFX Entertainment, Inc., and 43 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10238 to
16-10281) on Feb. 1, 2016.  The petitions were signed by Michael
Katzenstein as chief restructuring officer.

The Debtors disclosed total assets of $661.6 million and total
debts of $490.2 million.

Greenberg Traurig, LLP serves as the Debtors' counsel.   Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.  

Judge Mary F. Walrath is assigned to the case.


SFX ENTERTAINMENT: U.S. Trustee Forms Seven-Member Committee
------------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, appointed seven
creditors of SFX Entertainment Inc. and its affiliated debtors to
serve on the official committee of unsecured creditors.

The unsecured creditors are:

     (1) Mike Bindra
         300 East Rd.
         Alford, MA 01266
         Phone: 917-582-1560

     (2) Artists Alliance Australasia Pty. Ltd.
         Attn: Francesco Cotela
         93 Kerr Street
         Fitzroy, VIC 3065 Australia
         Phone: 61-417-538-528

     (3) Vistajet US, Inc.
         Attn: Rachael Neale
         112 Charles A. Lindbergh Dr.
         Teterboro, NJ 07608

     (4) AM Only, LLC
         Attn: Stephanie R. Morris, Esq.
         55 Washington Street, Suite 656
         Brooklyn, NY, 11201
         Phone: 718-237-2428, x 114
         Fax: 866-571-1621

     (5) ID&T BVBA
         c/o Curtis Miller, Morris Nichols, Arsht & Tunnell
         1201 N. Market Street
         Wilmington, DE, 19801
         Phone: 302-351-9419
         Fax: 302-495-3080

     (6) Epic Tents, LLC
         Attn: Daniel G. Nolan, III
         1069 Canton Rd.
         Marietta, GA, 30066
         Phone: 770-827-8876
         Fax: 404-521-4341

     (7) Event Flooring Solutions, LLC
         Attn: Samuel B. Wodetzci
         1069 Canton Rd.
         Marietta, GA, 30066
         Phone: 770-919-9090
         Fax: 404-521-4341

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and financial
affairs.  Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                      About SFX Entertainment

Headquartered in New York, New York, SFX Entertainment, with
approximately $312 million in pro-forma revenues, is a producer of
live events and media and entertainment content focused exclusively
on electronic music culture.

SFX Entertainment, Inc., and 43 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10238 to
16-10281) on Feb. 1, 2016.  The petitions were signed by Michael
Katzenstein as chief restructuring officer.

The Debtors disclosed total assets of $661.6 million and total
debts of $490.2 million.

Greenberg Traurig, LLP serves as the Debtors' counsel.   Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.  

Judge Mary F. Walrath is assigned to the case.


SPORTS AUTHORITY: Moody's Lowers PDR to Ca-PD/LD, Outlook Neg.
--------------------------------------------------------------
Moody's Investors Service downgraded The Sports Authority, Inc.'s
Probability of Default Rating (PDR) to Ca-PD/LD from Caa3-PD and
Corporate Family Rating ("CFR") to Ca from Caa3.  The limited
default "LD" designation appended to Sports Authority's probability
of default rating reflects that the missed interest payment
constitutes a default under Moody's definition.  The limited
default designation will remain until the company resolves the
missed payment.  Concurrently, the rating on the $300 million
Senior Secured Term Loan due November 2017 was downgraded to Ca
from Caa3.  The ratings outlook remains negative.

The downgrade reflects Sports Authority's missed Jan. 15, 2016,
interest payment on its Senior Subordinated Notes and the
subsequent failure to make the payment during the 30-day grace
period that expired of Feb. 14, 2016.  Moody's views this as a
limited default as it represents a default of only one element of
the company's capital structure.

Rating Downgrades:

Issuer: Sports Authority Inc. (The)

  Probability of Default Rating, to Ca-PD /LD from Caa3-PD

  Corporate Family Rating, to Ca from Caa3

  300 Million Senior Secured Term Loan B due 2017, to Ca (LGD 3)
   from Caa3 (LGD 3)

                         RATINGS RATIONALE

Sports Authority's Ca Corporate Family Rating reflects the high
probability that the missed interest payment on its senior
subordinated notes will lead to a second default from either an
acceleration of the $300 million senior secured term loan due to
the cross default provisions, a bankruptcy filing, or a debt
restructuring.  The company is engaged in discussions with its
lenders regarding ways to address the missed interest payment, its
debt maturities beginning in 2017, as well as improving its capital
structure, which Moody's believes is unsustainable at current weak
levels of operating performance.  The company's leverage is very
high and interest coverage is weak, at around 7.0x and less than
1.0x, respectively.  Sports Authority's operating performance has
been inconsistent over the past several years due to weak
execution, adverse weather, high promotional activity and
competitive pressure, and a challenged consumer. Despite recent
efforts to implement an operational improvement plan, sales have
once again turned negative due to store closures and weak
comparable store sales, while EBITDA margins have been pressured by
expense deleveraging, lower merchandise margins and higher
fulfillment and shipping costs related to growing e-commerce
sales.

Sports Authority's liquidity is weak, reflecting the need to
address debt maturities that begin in 2017.  Also, if an
acceleration of the subordinated debt or $300 million senior
secured term loan occurs due to the missed interest payment, the
company would likely be unable to repay debt at par.

The negative outlook reflects Moody's view that the company may
have difficulty refinancing its debt without restructuring or
impairment to lenders.

Should the company default on other elements of its capital
structure or pursue a formal reorganization under the U.S.
Bankruptcy Code, ratings could be downgraded further. Additionally,
ratings could be downgraded if Moody's comes to expect the recovery
value on Sports Authority's debt instruments to be lower than
currently estimated.

The ratings are unlikely to be upgraded without successfully
extending its debt maturity profile and reducing debt to more
sustainable levels.

The Sports Authority, Inc. is a full-line sporting goods retailer
operating 470 stores in 41 states and Puerto Rico.  Revenues
exceeded $2.6 billion for the twelve months ended Oct. 31, 2015.
The company is owned by private equity firm Leonard Green &
Partners, L.P.

The principal methodology used in these ratings was Retail Industry
published in October 2015.


STEREOTAXIS INC: Reports 2015 Q4 and Full Year Financial Results
----------------------------------------------------------------
Stereotaxis, Inc., reported a net loss of $1.68 million on $9.20
million of total revenue for the three months ended Dec. 31, 2015,
compared to net income of $856,215 on $9.75 million of total
revenue for the same period in 2014.

For the 12 months ended Dec. 31, 2015, the Company reported a net
loss of $7.35 million on $37.67 million of total revenue compared
to a net loss of $5.20 million on $35.01 million of total revenue
for the 12 months ended Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $19.22 million in total
assets, $36.85 million in total liabilities and a total
stockholders' deficit of $17.62 million.

"We finished the year on a strong note, achieving new capital
orders of $5.1 million in the fourth quarter and our first ever
positive free cash flow quarter of $1.6 million, which helped drive
a 71% reduction in cash burn for the full year," said William C.
Mills, Stereotaxis chief executive officer.  "New capital orders in
the fourth quarter included two Niobe ES system orders in Japan,
where we see continued progress and momentum.  For the full year,
we grew total revenue 8% compared to 2014 and increased systems
revenue 36% year over year on seven new Niobe ES systems and
several upgraded sites, compared to three Niobe system shipments
last year.

"Our improved commercial results reflect progress with our ongoing
initiatives to increase awareness of the outstanding clinical
efficacy, efficiency, and safety of our technology compared to
manual modalities across the spectrum of complex ablation cases.
Supported by a growing body of independent clinical evidence on the
higher acute success, lower recurrence rates, and improved safety
when using our magnetic navigation platform for the treatment of
ventricular tachycardia (VT), these procedures have become our
growth leader.  In the fourth quarter, VT procedures increased 28%
year over year.

"With an estimated 60,000 VT procedures performed worldwide and
growing at over 10% each year, we believe the VT market currently
represents a nearly $100 million market opportunity for the Company
on an annual basis.  Last month, we announced the initiation of our
first prospective, randomized clinical trial at prominent VT
centers of excellence to definitively establish our superiority in
long-term patient outcomes versus manual catheter approaches.  We
believe we are well positioned to become the standard of care for
VT and to capitalize on this position as part of our overall growth
plans," Mr. Mills concluded.

At Dec. 31, 2015, Stereotaxis had cash and cash equivalents of $5.6
million, compared to $3.6 million at Sept. 30, 2015, with unused
borrowing capacity of $5.2 million on its revolving line of credit
with Silicon Valley Bank.  During the quarter, the Company
recognized $0.3 million in gross proceeds from its 2015 warrants
offering.  Cash burn for 2015 was $2.7 million compared to $9.2
million in 2014.  At Dec. 31, 2015, total debt was $18.4 million
related to HealthCare Royalty Partners long-term debt with no
borrowings against its revolving line of credit with Silicon Valley
Bank.

A full-text copy of the press release is available for free at:

                         http://is.gd/Y5DJbN

                           About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss of $5.20 million in 2014, a net
loss of $68.8 million in 2013 and a net loss of $9.23 million in
2012.

Ernst & Young LLP, in St. Louis, Missouri, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has incurred recurring
operating losses and has a net capital deficiency.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


STUDENT AID CENTER: Files for Chapter 7 Bankruptcy
--------------------------------------------------
Student Aid Center Inc. filed a Chapter 7 petition (Bankr. S.D.
Fla. Case No. 16-11759) on Feb. 8, 2015, estimating $500,000 to $1
million in assets and $1 million to $10 million in debt.

The Debtor is represented by:

         Luis Salazar, Esq.
         SALAZAR JACKSON, LLP
         2000 Ponce De Leon Boulevard
         Penthouse
         Coral Gables, FL 33134
         Tel: 305.374.4848
         Fax: (305) 397-1021
         E-mail: salazar@salazarjackson.com

The meeting of creditors is slated to be held March 14, 2016, at
9:30 a.m.

Jillian Berman at MarketWatch reports that the company is part of a
burgeoning industry of student debt-relief firms that regulators
have accused of preying on borrowers desperate for help with their
student loans.  

According to the report, Student Aid Center's bankruptcy comes
several months after Minnesota Attorney General Lori Swanson filed
a lawsuit against the company, accusing the firm of misrepresenting
itself to borrowers by telling them it could help them qualify for
loan forgiveness programs, that it would "take over" or pay
borrowers' loans and by lying about the amount that at loan would
drop with the help of their services.  In addition, the company
charged between $500 and $1,500 to sign borrowers up with
government programs they could otherwise access for free, Swanson's
suit claims.

MarketWatch also reported that Student Aid Center was also the
target of a class-action suit filed last year, which accused the
company of illegally robocalling consumers and offering its
services, even to people who don't have student loans.


SUMMIT MATERIALS: S&P Assigns B Rating on New $250MM Unsec. Notes
-----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' issue-level
rating to Denver–based Summit Materials LLC's proposed $250
million senior unsecured notes due 2022.  The recovery rating is
'5', indicating S&P's view that creditors could expect modest
(higher half of the 10% to 30% range) recovery in the event of a
payment default.

S&P expects the company will use the net proceeds to fund its
expected acquisition of Boxley Materials Co., a Roanoke, Va.-based
vertically integrated aggregates company, as well as for general
corporate purposes.

All of S&P's existing ratings on the company, including S&P's 'B+'
corporate credit rating, 'BB' senior secured debt rating, and
existing 'B' senior unsecured notes rating, are unchanged by the
transaction.  The outlook is stable.  S&P projects that pro forma
for the new debt financing and acquisition, Summit's debt leverage
will approximate 5.25x, which is in line with the current 'B+'
corporate credit rating and highly leveraged financial risk
profile.

S&P's ratings on Summit Materials incorporate S&P's assessment of
the company's financial risk profile as highly leveraged and its
business risk profile as satisfactory.

SIMULATED DEFAULT ASSUMPTIONS

   -- Year of default: 2020
   -- EBITDA at emergence: $200 million
   -- Implied enterprise valuation (EV) multiple: 6x
   -- Gross EV: $1.2 billion

SIMPLIFIED WATERFALL

   -- Net EV (after 5% administrative costs): $1.14 billion
   -- Estimated priority claims $40 million (capital leases,
      claims at nonguarantor subsidiaries)
   -- Remaining value: $1.1 billion
   -- Estimated senior secured claims: $860 million (revolving
      credit: $205 million; term loan: $650 million)
      -- Recovery expectation: 90% to 100%
   -- Remaining value for senior unsecured notes: $240 million
   -- Senior unsecured notes claims: $925 million
      -- Recovery expectation: 10% to 30% upper end of range

Ratings List

Summit Materials LLC
Corporate Credit Rating                     B+/Stable/--

New Rating

Summit Materials LLC
$250 mil. sr unsecd notes due 2022          B
  Recovery Rating                            5H


SUNTECH AMERICA: Plan Confirmation Hearing Today
------------------------------------------------
Judge Christopher Sontchi of the U.S. Bankruptcy Court for the
District of Delaware will convene a hearing on Feb. 25, 2016, at
2:00 p.m. (ET) to consider confirmation of Suntech America, Inc.,
et al.'s Chapter 11 Plan of Liquidation.

The Debtors filed on Feb. 2, 2016, a plan supplement disclosing
that a Plan Administrator to be appointed under the Plan will
receive a flat fee of $20,000 per month.  The Plan calls for the
appointment on the Effective Date of Robert Moon, or another person
jointly selected by the Debtors and the Committee as Plan
Administrator.  The Plan Administrator is tasked to make
distributions in accordance with the Plan.

Majority of the Debtors' assets have already been liquidated to
cash.  The Debtor has $16.3 million in cash and cash equivalents.

A plan settlement provides for the resolution of two significant
disputed claims against the Debtors (The Solyndra Residual Trust's
$1.5 billion Claim and Wuxi Suntech Power Co.'s approximate $145
million Claim).  The general unsecured claims of Solyndra and Wuxi
are allowed at $360,441,916 and these claimants have agreed to a
payment of $10,312,500 plus 60% of the total value of any
additional assets, for a 2.86% recovery.  Holders of other general
unsecured claims totaling $6 million are slated to recover 30%.
Holders of equity interests will receive the remaining cash after
distribution to holders of allowed claims have been made.

As reported in the Jan. 19, 2016 edition of the TCR, the Court has
established this timeline for the confirmation of the Plan:

   Voting Record Date                    Jan. 13, 2016
   Date Solicitation will Commence       Jan. 19, 2016
   3018 Motion Deadline                  Feb. 9, 2016
   3018 Objection Deadline               Feb. 16, 2016
   Plan Supplement Filing Deadline       Feb. 2, 2016
   Voting Deadline                       Feb. 16, 2016
   Plan Objection Deadline               Feb. 16, 2016
   Deadline to File Memoranda of Law
      in Support of Confirmation of
      the Plan                           Feb. 23, 2016
   Deadline to File Replies to any
      Objections to the Plan             Feb. 23, 2016
   Voting Report Filing Deadline         Feb. 23, 2016
   Plan Confirmation Hearing             Feb. 25, 2016

A black-lined version of the Combined Plan filed Jan. 14, 2016, is
available for free at http://bankrupt.com/misc/SUNTECHplan0114.pdf

                      About Suntech America

Headquartered in San Francisco, California, Suntech America, Inc.,
aka Suntech Power, an affiliate of Wuxi, China-based Suntech Power
Holdings Corp., was the main operating subsidiary of the Suntech
Group in the Americas and its primary business purpose was acting
as an intermediary for marketing, selling and distributing Suntech
Group manufactured products.

Suntech America, Inc., and Suntech Arizona, Inc. filed for Chapter
11 bankruptcy protection (Bankr. D. Del. Case Nos. 15-10054 and
15-10056) on Jan. 12, 2015.  Judge Christopher S. Sontchi presides
over the cases.

Mark D. Collins, Esq., Paul Noble Heath, Esq., William A.
Romanowicz, Esq., Zachary I Shapiro, Esq., at Richards, Layton &
Finger, P.A., serve as the Debtors' bankruptcy counsel.  Upshot
Services LLC is the Debtors' claims and noticing agent.

The Debtors estimated their assets at between $100 million and $500
million, and their debts at between $100 million and $500 million.


SUPERVALU: Bank Debt Trades at 5% Off
-------------------------------------
Participations in a syndicated loan under which SuperValu is a
borrower traded in the secondary market at 95.08
cents-on-the-dollar during the week ended Friday, Feb. 12, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.80 percentage points from the
previous week.  SuperValu pays 350 basis points above LIBOR to
borrow under the $1.485 billion facility. The bank loan matures on
March 21, 2019 and carries Moody's Ba3 rating and Standard & Poor's
BB- rating.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Feb. 12.


SURGICAL SPECIALTIES: S&P Withdraws 'B' Corporate Credit Rating
---------------------------------------------------------------
Standard & Poor's Ratings Services withdrew its ratings, including
the 'B' corporate credit rating, on Reading, Pa.-based suture,
needle, and other consumable medical supplies manufacturer Surgical
Specialties Corp.(U.S.) Inc. at the company's request.


TECK RESOURCES: Moody's Lowers CFR to B3, Outlook Negative
----------------------------------------------------------
Moody's Investors Service downgraded Teck Resources Limited's
Corporate Family rating to B3 from Ba3, Probability of Default
Rating to B3-PD from Ba3-PD and senior unsecured note ratings to B3
from Ba3.  Teck's Speculative Grade Liquidity Rating remains
unchanged at SGL-2.  The rating outlook is negative.  This
concludes the review initiated on Jan. 21, 2016.

"The downgrade of Teck's rating is driven by low commodity prices
that could push leverage over 7x by the end of 2017, together with
potential refinancing challenges after 2018", said Jamie
Koutsoukis, Moody's Vice-President, Senior Analyst.

This rating action reflect Moody's view that there has been a
fundamental downward shift in the mining sector with the downturn
being deeper and the recovery longer than previously expected,
resulting in increased credit risk and weaker metrics for Teck as
well as the global mining sector.  Consequently, ratings need to be
recalibrated to reflect expected performance over a more protracted
challenging operating environment.  The slowing economic growth
rates in China materially impact the demand for base metals while
the reducing steel production rates impact demand for iron ore and
metallurgical coal - leading to lower prices.  While lower oil
prices, lower freight costs, and currency depreciation contribute
to reduced costs, the drop in prices has and will continue to
significantly impact performance.  In addition, the strong US
dollar is a further factor contributing to weakening demand and
driving prices lower since most metals are traded in dollars.

                         RATINGS RATIONALE

Teck's B3 CFR is driven primarily by expected high leverage and
concern over refinancing needs beyond 2018.  This is the result of
continuing material free cash flow consumption due to sizable
capital expenditure requirements and exposure to weak commodity
prices.  Providing an offset are the diversity and scale of its
business, low geopolitical risks, and a good average cost position.
Moody's expects Teck's adjusted Debt/EBITDA will exceed 6.0 x in
2016 and increase to over 7.0x in 2017, incorporating a 1.40
USD/CAD exchange rate and base commodity price assumptions of
US$80/tonne for benchmark metallurgical coal, US$2.15/pound for
copper and US$0.75/pound for zinc.  The company's significant
spending on the Fort Hills oil sands development project (of which
it does not control the capital decision process), at a time when
commodity prices continue to be under pressure, will cause Teck's
free cash flow consumption to total approximately C$800 million in
2016 and C$500 million in 2017.  Absent improvement in commodity
prices beyond Moody's expectations, asset sales, equity issuance
(which management has ruled out) or other inorganic actions taken
by management, leverage will increase.

Teck's rating outlook is negative because its leverage will remain
at higher than normal levels for its B3 rating, cash flow will
remain sizably negative through at least 2017, and with US$1.6
billion of unsecured notes maturing over the through 2017-2019
period, Moody's has concerns regarding the company's ability to
refinance the debt.

Teck's liquidity is good (SGL-2) through 2016, driven by Moody's
estimate that Teck's cash requirements will total about C$1.2
billion through the year, compared to cash sources that total about
C$5.5 billion.  Cash requirements include about C$800 million of
negative free cash flow, about C$400 million of minimum balance
sheet cash needs and no material debt maturities in 2016. Teck
however has US$600 million of notes due in 2017.  Sources include
C$1.9 billion of cash at December 2015, and C$4.8 billion of unused
revolvers at December 30, 2015: US$1.2 billion matures in June 2017
(US$740 million drawn for letters of credit) and US$3 billion
matures in 2020 (undrawn).  Moody's expects that Teck will maintain
ample cushion to its maximum 50% Debt/Capitalization debt covenant
(37% at Q4/15).

Teck's rating could be downgraded to Caa1 if:

  Liquidity deteriorates;
  There is an increased likelihood that Teck will be unable to
   refinace upcoming debt matrurities

An upgrade to B2 is unlikely currently, however Teck's rating could
be upgraded to B2 if:

  The majority of the capital spend at Fort Hills is largely
   completed;

  There is a reasonable expectation of sustained neutral or
   positive free cash flow and;

  There is a high level of certainty that Teck will be able to
   refinance its upcoming debt maturities through 2019.

Moody's believes this would be contingent on improved commodity
prices.

Downgrades:

Issuer: Teck Resources Limited

  Corporate Family Rating, downgraded to B3 from Ba3

  Probability of Default Rating, downgraded to B3-PD from Ba3-PD

  Senior Unsecured Regular Bond/Debentures, Downgraded to B3
   (LGD 4) from Ba3 (LGD 4)

  Backed Senior Unsecured Regular Bond/Debentures, Downgraded to
   B3 (LGD 4) from Ba3 (LGD 4)

  Senior Unsecured Shelf, Downgraded to (P)B3 from (P)Ba3

Unchanged:

  Speculative Grade Liquidity Rating, unchanged at SGL-2

Outlook Actions:

Issuer: Teck Resources Limited

  Outlook, Negative

Headquartered in Vancouver, British Columbia, Canada, Teck
Resources is a diversified mining company with assets in Canada,
the U.S., Peru and Chile.  The company is a leading producer of
metallurgical coal, operates one of the world's largest zinc mines
(Red Dog in Alaska) and also produces a meaningful amount of
copper.  Revenues for 2015 were C$8.3 billion.

The principal methodology used in these ratings was Global Mining
Industry published in August 2014.


TENET HEALTHCARE: Incurs $140 Million Net Loss in 2015
------------------------------------------------------
Tenet Healthcare Corporation filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing
a net loss attributable to the Company's common shareholders of
$140 million on $18.63 billion of net operating revenues for the
year ended Dec. 31, 2015, compared to net income available to the
Company's common shareholders of $12 million on $16.60 billion of
net operating revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $23.68 billion in total
assets, $20.45 billion in total liabilities, $2.26 billion in
redeemable noncontrolling interests in equity of consolidated
subsidiaries and $958 million in total equity.

"We delivered Adjusted EBITDA at the midpoint of our Outlook for
the fourth quarter and are on a path to deliver strong growth in
Adjusted EBITDA and improved Adjusted Free Cash Flow in 2016," said
Trevor Fetter, chairman and chief executive officer.  "Similar to
our results in the third quarter, we experienced pressure on lower
acuity inpatient hospital admissions and continued to drive
increases in higher-acuity admissions.  Our Conifer Health
Solutions and United Surgical Partners subsidiaries performed well,
with Conifer meeting our expectations and USPI delivering
stronger-than-expected results in the fourth quarter."

Cash and cash equivalents were $356 million at Dec. 31, 2015,
compared to $193 million at Dec. 31, 2014.  Tenet's cash and debt
balances as of Dec. 31, 2015, reflect the cash proceeds that the
company received from the sale of two hospitals in North Carolina,
the sale of a majority position in four hospitals in Dallas, and
the related changes that these transactions had on Tenet's balance
sheet.  The company ended 2015 with no outstanding borrowings on
its $1 billion credit line.  

A full-text copy of the Form 10-K is available for free at:

                       http://is.gd/uYIy0N

                            About Tenet

Tenet Healthcare Corporation -- http://www.tenethealth.com/-- is  

a national, diversified healthcare services company with 110,000
employees united around a common mission: to help people live
happier, healthier lives.  The company operates 80 hospitals, 214
outpatient centers, six health plans and Conifer Health Solutions,
a leading provider of healthcare business process services in the
areas of revenue cycle management, value based care and patient
communications.

                         *    *    *

Tenet carries a 'B' IDR from Fitch Ratings, 'B' corporate credit
rating from Standard & Poor's Ratings Services and 'B1' Corporate
Family Rating from Moody's Investors Service.


TOP DRAWER: Case Summary & 3 Unsecured Creditors
------------------------------------------------
Debtor: Top Drawer LLC
        PO Box 117485
        Burlingame, CA 94011

Case No.: 16-10782

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 23, 2016

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Hon. Laurel E. Davis

Debtor's Counsel: Steven L. Yarmy, Esq.
                  STEVEN L. YARMY ATTORNEY AT LAW
                  7464 W. Sahara Avenue
                  Las Vegas, NV 89117
                  Tel: (702) 586-3513
                  Fax: (702) 586-3690
                  E-mail: sly@stevenyarmylaw.com

Total Assets: $350,000

Total Liabilities: $1.98 million

Largest unsecured creditor: Celtic Bank Corporation/SBA, $1.1
                            million

The petition was signed by Susan M. Davila, managing member.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/nvb16-10782.pdf


TRINSEO MATERIALS: Bank Debt Trades at 3% Off
---------------------------------------------
Participations in a syndicated loan under which Trinseo Materials
Operating SCA [ex-Styron] is a borrower traded in the secondary
market at 96.60 cents-on-the-dollar during the week ended Friday,
Feb. 12, 2016, according to data compiled by LSTA/Thomson Reuters
MTM Pricing.  This represents a decrease of 0.58 percentage points
from the previous week.  Trinseo Materials pays 325 basis points
above LIBOR to borrow under the $0.5 billion facility. The bank
loan matures on Oct. 27, 2021 and carries Moody's Ba3 rating and
Standard & Poor's BB- rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Feb. 12.


UNIVISION COMMUNICATIONS: S&P Affirms 'B' CCR, Outlook Positive
---------------------------------------------------------------
Standard & Poor's Ratings Services said that it revised its rating
outlook on New York City-based Univision Communications Inc. to
positive from stable and affirmed its 'B' corporate credit rating
on the company.

S&P's 'B+' issue-level rating and '2' recovery rating on the
company's senior secured notes remain unchanged.  The '2' recovery
rating indicates S&P's expectation for substantial recovery
(70%-90%; lower half of the range) of principal in the event of a
payment default.

S&P's 'CCC+' issue-level and '6' recovery ratings on the company's
senior unsecured notes also remain unchanged.  The '6' recovery
rating indicates S&P's expectation for negligible recovery (0%-10%)
of principal in the event of a payment default.

"The positive rating outlook reflects our expectation that
Univision's leverage will continue to moderate as a result of debt
repayment and EBITDA growth related to higher retransmission and
political advertising revenue in 2016," said Standard & Poor's
credit analyst Jeanne Shoesmith.  Leverage declined to 7.8x at the
end of 2015 from 9.1x a year earlier as a result of EBITDA growth
and lower debt balances.  The reduced debt largely resulted from
Univision's agreement with Grupo Televisa S.A.B. in July 2015 to
exchange $1.125 billion of convertible debentures for warrants.
S&P expects that leverage will continue to decline over the next
two years as a result of growth in EBITDA and the company directing
a portion of its free operating cash flow to debt repayment.  S&P
also expects leverage to approach the low-7x area by the end of
2016 and the low-6x area by the end of 2017.  S&P has not factored
an IPO into S&P's rating analysis, which would likely lead to more
accelerated debt repayment.

S&P could raise its corporate credit rating on Univision if the
company's leverage approaches 7x, and S&P expects that leverage
will continue to further moderate.  Leverage could reach the low-7x
area toward the end of 2016 if EBITDA grows at a high-single-digit
percent rate and the company repays about $150 million of debt.  An
upgrade would also entail the company maintaining adequate
liquidity and prospects for continued EBITDA growth.

S&P could revise the outlook to stable if Univision encounters
renewed economic pressure and stops making progress in its
deleveraging efforts, causing leverage to remain above 7x.  This
could result from a loss of Hispanic viewers due to increasingly
aggressive competition along with minimal growth in Hispanic ad
spending compared with English-language ad spending.


VALEANT PHARMACEUTICALS: Moody's Affirms Ba3 CFR, Outlook Negative
------------------------------------------------------------------
Moody's Investors Service affirmed the ratings of Valeant
Pharmaceuticals International, Inc. and subsidiaries, including the
Ba3 Corporate Family Rating and Ba3-PD Probability of Default
Rating.  At the same time, Moody's revised the rating outlook to
negative from stable.

This rating action follows the announcement that Valeant will not
file its Form 10-K report with the Securities and Exchange
Commission by the required filing deadline of Feb. 29, 2016.
Valeant's late 10-K filing relates to the ongoing work of its ad
hoc board committee, and the finding of misstatements related to
the timing of revenue recognition.  Moody's notes that the amount
of the misstatements appears relatively minor.  However, the
misstatements may not be final because the work of the ad hoc
committee remains ongoing including its review of accounting and
its relationship with Philidor.

The late 10-K filing occurs at a time when Valeant faces other
challenges, including payer pushback on pricing of Valeant's
products, the transition towards a new prescription fulfillment
program with Walgreens, and interim executive leadership.  The
negative outlook reflects the potential for downward rating
pressure should these challenges intensify, leading to continued
financial reporting delays or reduced ability to deleverage.

Ratings affirmed:

Valeant Pharmaceuticals International, Inc.:

  Corporate Family Rating at Ba3
  Probability of Default Rating at Ba3-PD
  Senior secured bank credit facilities at Ba1 (LGD 2)
  Senior unsecured notes at B1 (LGD 5)
  Speculative Grade Liquidity Rating at SGL-2

Valeant Pharmaceuticals International:

  Senior unsecured notes, at B1 (LGD 5)

VRX Escrow Corp. (obligations assumed by Valeant Pharmaceuticals
International, Inc.):

  Senior unsecured notes at B1 (LGD 5)

The rating outlook is negative.

                         RATINGS RATIONALE

Valeant's Ba3 Corporate Family Rating reflects its good scale in
the global pharmaceutical industry with annual revenue above $10
billion, its strong diversity, its high profit margins, and its
good cash flow.  The ratings are also supported by low exposure to
patent cliffs, and growth from successful products like Jublia
(antifungal) and Xifaxan for irritable bowel syndrome.  The ratings
are also supported by management's commitment to reduce debt/EBITDA
to 4.0x by year-end 2016.

However, the rating also reflect moderately high financial leverage
(Moody's estimates pro forma gross debt/EBITDA of 5.5x as of Sept.
30, 2015), and significant business challenges related to Valeant's
pricing strategy and aggressive acquisition appetite. Valeant is
confronting significant scrutiny on its pricing practices,
including those on products acquired through acquisitions, and
uncertainty related to government investigations.  In late 2015
Valeant announced it was terminating its relationship with
specialty pharmacy distributor Philidor, and Valeant is
transitioning to a new distribution arrangement with Walgreens.

The rating outlook is negative, reflecting uncertainties related to
Valeant's late 10-K filing combined with business challenges
including reviving growth in its dermatology franchise while
transitioning to the Walgreens fulfillment program.

Moody's could downgrade the ratings if Valeant faces any escalation
in issues related to financial reporting, litigation or regulatory
compliance, sees a significant deterioration in organic growth,
makes debt-financed acquisitions prior to deleveraging, or sustains
debt/EBITDA above 5.0 times.

Conversely, Moody's could upgrade the ratings if Valeant
demonstrates that it can sustain healthy organic growth in a
changing pricing environment and concludes its review of its
specialty distribution practices with no major negative findings.
To consider an upgrade, Moody's would also want to see Valeant
deleverage and sustain debt/EBITDA of around 4.0 times, and reduce
the uncertainties created by government investigations.

Headquartered in Laval, Quebec, Valeant Pharmaceuticals
International, Inc. is a global specialty pharmaceutical company
with expertise including branded dermatology, gastrointestinal
disorders, eye health, neurology, branded generics and OTC
products.  Valeant reported approximately $10 billion in total
revenue for the 12 months ended Sept. 30, 2015.

The principal methodology used in these ratings was Global
Pharmaceutical Industry published in December 2012.


VANTAGE DRILLING: Bank Debt Trades at 84% Off
---------------------------------------------
Participations in a syndicated loan under which Vantage Drilling Co
is a borrower traded in the secondary market at 16.50
cents-on-the-dollar during the week ended Friday, Feb. 12, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.50 percentage points from the
previous week.  Vantage Drilling Co pays 400 basis points above
LIBOR to borrow under the $0.475 billion facility. The bank loan
matures on Oct. 25, 2017 and carries Moody's WR rating and Standard
& Poor's D rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended Feb. 12.


VARIANT HOLDING: Sec. 341 Meeting Continued to Mar. 4
-----------------------------------------------------
Variant Holding Company, LLC, has filed a notice that the Sec. 341
meeting of creditors is continued to Mar. 4, 2016, at 1:00 p.m., at
J. Caleb Boggs Federal Building, 844 King St., Room 2112,
Wilmington, Delaware.

                      About Variant Holding

Tucson, Arizona-based Variant Holding Company, LLC, and its direct
and indirect subsidiaries are a commercial real estate business
with direct and indirect ownership interests in 23 real property
interests in various states.

Variant Holding commenced bankruptcy proceedings under Chapter 11
of the U.S. Bankruptcy Code in Delaware (Case No. 14-12021) on Aug.
28, 2014.  Variant Holding estimated $100 million to $500 million
in assets and less than $100 million in debt.

Members holding the majority of the interests in the company,
namely Conix WH Holdings, LLC, Conix Inc., Numeric Holding Company,
LLC, Walkers Dream Trust, and Variant Royalty Group, LP, signed the
resolution authorizing the bankruptcy filing.

Variant's subsidiaries filed voluntary Chapter 11 petitions on Jan.
12, 2016.  Variant's property-owning subsidiaries, which own 23
apartment complexes, and which are debtors are: (1) Broadmoor
Apartments, LLC, Chesapeake Apartments, LLC, Holly Ridge
Apartments, LLC, Holly Tree Apartments, LLC, Preston Valley
Apartments, LLC, Ravenwood Hills Apartments, LLC, River Road
Terrace Apartments, LLC, and Sandridge Apartments, LLC
(collectively, the "FX3 Portfolio Debtors"); (2) 10400 Sandpiper
Apartments, LLC, 10301 Vista Apartments, LLC, Pines of Westbury,
Ltd., 201 Ashton Oaks Apartments, LLC, 13875 Cranbook Forest
Apartments, LLC, 5900 Crystal Springs Apartments, LLC, 7107 Las
Palmas Apartments, LLC, 11911 Park Texas Apartments, LLC, 1201 Oaks
of Brittany Apartments LLC, 3504 Mesa Ridge Apartments, LLC, 667
Maxey Village Apartments, LLC, 17103 Pine Forest Apartments, LLC,
7600 Royal Oaks Apartments, LLC, and 4101 Pointe Apartments, LLC
(collectively, the "H14 Portfolio Debtors"); and (3) The Oaks of
Stonecrest Apartments, LLC ("Oaks at Stonecrest")(the FX3 Portfolio
Debtors, the H14 Portfolio Debtors and Oaks at Stonecrest are
collectively referred as the "Property-Owning Debtors").

The FX3 Portfolio Debtors own 8 apartment projects in Texas,
Maryland, Virginia, and South Carolina, which properties total
1,850 housing units.  The H14 Portfolio Debtors own 14 apartment
projects in Texas, which consist of a total of 5,050 housing units.
Oaks at Stonecrest owns a single apartment project in Lithonia,
Georgia, which has 280 housing units.

The Debtors have tapped Pachulski Stang Ziehl & Jones LLP, as
counsel and UpShot Services LLC as claims and noticing agent.



VARIANT HOLDING: Seeks to Extend Schedules Deadline
---------------------------------------------------
Variant Holding Company, LLC, et al., seek entry of an order
extending the time within which the Debtors must file their
schedules of assets and liabilities and statements of financial
affairs through and including Feb. 25, 2016.

Given the size and complexity of the Subsidiary Debtors'
operations, and taking into account that there are 34 separate
Subsidiary Debtor entities, a significant amount of information
must be accumulated, reviewed, and analyzed to properly prepare the
Schedules and Statements.  The Subsidiary Debtors and their
professionals have been consumed with a multitude of critical
administrative administrative and operational decisions arising in
conjunction with the commencement of the Subsidiary Debtors'
Chapter 11 cases.

Due to the complexity of the Debtors' business, compiling and
consolidating the data required for the Schedules and Statements
presents a complex and time-consuming task.  

                      About Variant Holding

Tucson, Arizona-based Variant Holding Company, LLC, and its direct
and indirect subsidiaries are a commercial real estate business
with direct and indirect ownership interests in 23 real property
interests in various states.

Variant Holding commenced bankruptcy proceedings under Chapter 11
of the U.S. Bankruptcy Code in Delaware (Case No. 14-12021) on Aug.
28, 2014.  Variant Holding estimated $100 million to $500 million
in assets and less than $100 million in debt.

Members holding the majority of the interests in the company,
namely Conix WH Holdings, LLC, Conix Inc., Numeric Holding Company,
LLC, Walkers Dream Trust, and Variant Royalty Group, LP, signed the
resolution authorizing the bankruptcy filing.

Variant's subsidiaries filed
voluntary Chapter 11 petitions on Jan. 12, 2016.  Variant's
property-owning subsidiaries, which own 23 apartment complexes, and
which are debtors are: (1) Broadmoor Apartments, LLC, Chesapeake
Apartments, LLC, Holly Ridge Apartments, LLC, Holly Tree
Apartments, LLC, Preston Valley Apartments, LLC, Ravenwood Hills
Apartments, LLC, River Road Terrace Apartments, LLC, and Sandridge
Apartments, LLC (collectively, the "FX3 Portfolio Debtors"); (2)
10400 Sandpiper Apartments, LLC, 10301 Vista Apartments, LLC, Pines
of Westbury, Ltd., 201 Ashton Oaks Apartments, LLC, 13875 Cranbook
Forest Apartments, LLC, 5900 Crystal Springs Apartments, LLC, 7107
Las Palmas Apartments, LLC, 11911 Park Texas Apartments, LLC, 1201
Oaks of Brittany Apartments LLC, 3504 Mesa Ridge Apartments, LLC,
667 Maxey Village Apartments, LLC, 17103 Pine Forest Apartments,
LLC, 7600 Royal Oaks Apartments, LLC, and 4101 Pointe Apartments,
LLC (collectively, the "H14 Portfolio Debtors"); and (3) The Oaks
of Stonecrest Apartments, LLC ("Oaks at Stonecrest")(the FX3
Portfolio Debtors, the H14 Portfolio Debtors and Oaks at Stonecrest
are collectively referred as the "Property-Owning Debtors").

The FX3 Portfolio Debtors own 8 apartment projects in Texas,
Maryland, Virginia, and South Carolina, which properties total
1,850 housing units.  The H14 Portfolio Debtors own 14 apartment
projects in Texas, which consist of a total of 5,050 housing units.
Oaks at Stonecrest owns a single apartment project in Lithonia,
Georgia, which has 280 housing units.

The Debtors have tapped Pachulski Stang Ziehl & Jones LLP, as
counsel and UpShot Services LLC as claims and noticing agent.


VICTORY HEALTHCARE: Plan Confirmation Hearing on March 21
---------------------------------------------------------
Judge Russell Nelms approved the disclosure statement explaining
Victory Medical Center Mid-Cities, LP, et al.'s First Amended Joint
Chapter 11 Plan and set a March 21, 2016 hearing to consider
confirmation of the Plan.

In a Feb. 16 order, Judge Nelms approved the Disclosure Statement
and set Feb. 16 as the record date for holders of claims and equity
security interests entitled to receive the Disclosure Statement and
solicitation materials.

The Plan, Disclosure Statement and Ballots were scheduled to be
mailed to creditors and parties by Feb. 19, 2016.

All objections to the Plan are due March 18, 2016 at 5:00 p.m.
(CDT).

All parties entitled to vote on the Plan have until March 18, 2016,
at 5:00 p.m. (CDT) to cast ballots.

The Debtors will file a ballot summary by March 21, 2016 at noon
(CDT).

The Court will conduct a hearing on confirmation of the First
Amended Plan on March 21, 2017, at 1:30 p.m. (CDT).

Attorneys for the Debtors:

         Edward L. Rothberg, Esq.
         Melissa A. Haselden, Esq.
         HOOVER SLOVACECK
         5051 Westheimer, Suite 1200
         Galleria Tower II
         Houston, TX 77056
         Tel: (713) 977-8686
         Fax: (713) 977-5395
         E-mail: rothberg@hooverslovaceck.com
                 haselden@hooverslovaceck.com

                  Disclosure Statement Objection

Dell Financial Services L.L.C. on Feb. 2 filed an objection to the
original iteration of the Disclosure Statement.  Among other
things, Dell complained that without basic information as to how
the Debtors intend to recover the amounts allegedly owed on
accounts receivable, and the projected costs and expenses related
thereto, creditors are left in the dark as to whether the Plan is
actually feasible or even viable.  Dell also notes that the
Disclosure Statement makes no effort to inform creditors what they
will receive under the Plan.  Dell asserts that creditors have a
right to know, in percentage terms, the amount the Debtors estimate
they will recover on their claims and the potential timing of such
a recovery.

Attorneys for Dell Financial Services:

         G. James Landon, Esq.
         Sabrina L. Streusand, Esq.
         Kemper C. Powell, Esq.
         STREUSAND, LANDON & OZBURN, LLP
         811 Barton Springs Road, Suite 811
         Austin, TX 78701
         Tel: (512) 236-9900
         Fax: (512) 236-9904
         E-mail: landon@slollp.com
                 streusand@slollp.com
                 powell@slollp.com

                     About Victory Healthcare

Victory Parent Company, LLC, and 8 affiliated companies sought
Chapter 11 protection in Fort Worth, Texas (Bankr. N.D. Tex.) on
June 12, 2015, in Ft. Worth, Texas.

Headquartered in The Woodlands, Texas, Victory Parent Company
manages six medical centers in Texas.  Founded in 2005, Victory now
maintains medical centers offering emergency room services in
through Victory Medical Center Mid-Cities in Hurst, Victory Medical
Center Plano, Victory Medical Center Craig Ranch in McKinney, and
Victory Medical Center Landmark in San Antonio. The company also
manages its Victory Medical Center Beaumont and Houston-East, which
are not part of the Chapter 11 filing and will be sold separately.

The Debtors tapped Hoover Slovacek, LLP, as counsel; Epiq
Bankruptcy Solutions, LLC, as claims agent; and Baker, Donelson,
Bearman, Caldwell & Berkowitz, PC, as special counsel.  The Debtors
also tapped Patrick C. Shields, P.C. as accountants to prepare and
file the Debtors' state and federal tax returns on an hourly fee
basis; Dr. Jin Zhou d/b/a ERISAclaim.com as Special Collection
Agent for the Debtors on a contingency fee basis; and Sullins &
Johnston PC as special counsel to pursue on a contingency fee basis
litigation claims seeking recovery of amounts owed to the Debtors
for medical care and services provided; and Patrick Magill as Chief
Restructuring Officer.

The Official Committee of Unsecured Creditors retained Pepper
Hamilton LLP as its counsel, Forshey Prostok as its local counsel,
and PWC as its financial advisor.

                           *     *     *

On June 25, 2015, the Debtors obtained approval from the Court of
bidding procedures in connection with an expedited sale process for
ongoing business operations.  No qualified bids were received for
the ongoing business concern of the Craig Ranch Hospital, and as a
result Debtors closed the Craig Ranch hospital on July 17, 2015.
No qualified bids were received for the ongoing business concern of
Mid-Cities Hospital and as a result the Debtors closed the
Mid-Cities Hospital on August 21, 2015.

On Nov. 24, 2015, the Debtors, excluding Plano, obtained final
approval to borrow on a secured basis from Robert Helms and H.D.
Patel, through HPRH Investments, LLC -- DIP Lenders -- in an amount
up to $2,300,000.

The last day to file a proof of claim for creditors of Southcross
and Southcross GP was Dec. 10, 2015.  For all other Debtors, the
last date to file a proof of claim was Oct. 22, 2015.  The last day
for any former patients of the Debtors to file a proof of claim was
Dec. 21, 2015.

The Debtors filed their Joint Chapter 11 Plan of Liquidation and
accompanying Disclosure Statement on Jan. 8, 2016.


VICTORY HEALTHCARE: Proposes Joint Plan of Liquidation
------------------------------------------------------
Victory Medical Center Mid-Cities, LP, et al., have filed a plan of
liquidation that proposes to satisfy all claims in order of
priority from cash, net litigation proceeds, collection of accounts
receivable, liquidation of other assets, and an exit facility.

If the Plan is confirmed by the Bankruptcy Court and consummated:

   (1) Allowed Administrative Claims will be paid in Cash in full
       unless otherwise agreed;

   (2) Allowed Non-Tax Priority Claims will be paid in full in
       Cash unless otherwise agreed;

   (3) Allowed Priority Tax Claims will be paid in full, with
       statutory interest, in equal quarterly payments over time
       from Trustee's Available Cash;

   (4) The Allowed Secured Claim of HPRH Investments for the HPRH
       Consolidated Debt will be paid over time from Trustee's
       Available Cash with simple interest at a rate of 10% per
       annum until paid in full;

   (5) The Holders of Other Allowed Secured Claims will either
       (i) have their collateral surrendered in satisfaction of
       their Claims or (ii) such other treatment as may be agreed
       between the Holder of such Claim and the Debtors;

   (6) Holders of Allowed General Unsecured Claims will be paid
       a pro rata share of the remaining Trustee's Available Cash
       as provided in Article 4.5 of the Plan;

   (7) Holders of Allowed Claims of Affiliates will be allowed to
       offset any amount owed by a Debtor, with the balance of the
       Allowed Claim to be treated as an Allowed General Unsecured
       Claim; and

   (8) Equity Interest Holders will receive no distribution or any
       property under the Plan on account of said Interests until
       Allowed Class 1, Class 2, Class 3, Class 4, Class 5, and
       Class 6 are paid as provided under the terms of the Plan.

On the Effective Date, a separate Grantor Trust will be created for
each Debtor Couplet and Victory Parent.  Neil Gilmour will be
appointed as the initial Grantor Trustee for each of the Debtors.
The Grantor Trustee will be required to post a bond of at least
$250,000 for each Debtor Couplet and Victory Parent, for a total of
$1.5 million in connection with this appointment.  The Grantor
Trustee retains the right, but not the requirement, to pursue all
Avoidance Actions except those specifically released in the Plan.

HPRH Investments will provide exit financing in the amount of
necessary to pay off the HPRH DIP Loan, plus if Debtors' Available
Cash is insufficient to pay Allowed Administrative Claims, Allowed
Class 3 Claims, the $150,000 to the Grantor Trustee set forth in
Section 6.13 or other required operational expenses, as determined
solely by the Debtors, that are necessary to cover such Claims and
expenses.

The Debtors filed their Joint Chapter 11 Plan of Liquidation and
accompanying Disclosure Statement on Jan. 8, 2016 and a First
Amended Disclosure Statement on Feb. 12, 2016.  A copy of the First
Amended Disclosure Statement is available for free at:

      http://bankrupt.com/misc/Victory_M_777_1st_Am_DS.pdf

The Debtors have also filed their plan supplements and exhibits in
connection with the Amended Plan and Disclosure Statement:

      http://bankrupt.com/misc/Victory_M_783_Plan_Supp.pdf
      http://bankrupt.com/misc/Victory_M_784_Plan_Supp.pdf
      http://bankrupt.com/misc/Victory_M_785_Plan_Supp.pdf
      http://bankrupt.com/misc/Victory_M_788_Plan_Supp.pdf

                     About Victory Healthcare

Victory Parent Company, LLC, and 8 affiliated companies sought
Chapter 11 protection in Fort Worth, Texas (Bankr. N.D. Tex.) on
June 12, 2015, in Ft. Worth, Texas.

Headquartered in The Woodlands, Texas, Victory Parent Company
manages six medical centers in Texas.  Founded in 2005, Victory now
maintains medical centers offering emergency room services in
through Victory Medical Center Mid-Cities in Hurst, Victory Medical
Center Plano, Victory Medical Center Craig Ranch in McKinney, and
Victory Medical Center Landmark in San Antonio. The company also
manages its Victory Medical Center Beaumont and Houston-East, which
are not part of the Chapter 11 filing and will be sold separately.

The Debtors tapped Hoover Slovacek, LLP, as counsel; Epiq
Bankruptcy Solutions, LLC, as claims agent; and Baker, Donelson,
Bearman, Caldwell & Berkowitz, PC, as special counsel.  The Debtors
also tapped Patrick C. Shields, P.C. as accountants to prepare and
file the Debtors' state and federal tax returns on an hourly fee
basis; Dr. Jin Zhou d/b/a ERISAclaim.com as Special Collection
Agent for the Debtors on a contingency fee basis; and Sullins &
Johnston PC as special counsel to pursue on a contingency fee basis
litigation claims seeking recovery of amounts owed to the Debtors
for medical care and services provided; and Patrick Magill as Chief
Restructuring Officer.

The Official Committee of Unsecured Creditors retained Pepper
Hamilton LLP as its counsel, Forshey Prostok as its local counsel,
and PwC as its financial advisor.

                           *     *     *

On June 25, 2015, the Debtors obtained approval from the Court of
bidding procedures in connection with an expedited sale process for
ongoing business operations.  No qualified bids were received for
the ongoing business concern of the Craig Ranch Hospital, and as a
result Debtors closed the Craig Ranch hospital on July 17, 2015.
No qualified bids were received for the ongoing business concern of
Mid-Cities Hospital and as a result the Debtors closed the
Mid-Cities Hospital on August 21, 2015.

On Nov. 24, 2015, the Debtors, excluding Plano, obtained final
approval to borrow on a secured basis from Robert Helms and H.D.
Patel, through HPRH Investments, LLC -- DIP Lenders -- in an amount
up to $2,300,000.

The last day to file a proof of claim for creditors of Southcross
and Southcross GP was Dec. 10, 2015.  For all other Debtors, the
last date to file a proof of claim was Oct. 22, 2015.  The last day
for any former patients of the Debtors to file a proof of claim was
Dec. 21, 2015.

The Debtors filed their Joint Chapter 11 Plan of Liquidation and
accompanying Disclosure Statement on Jan. 8, 2016.


WALTER ENERGY: Balks at Coal Act Funds' Bid to Stay Pending Appeal
------------------------------------------------------------------
BankruptcyData reported that Walter Energy filed with the U.S.
Bankruptcy Court a statement of opposition to Coal Act Funds'
emergency motion for stay pending appeal.

The statement explains, "The Debtors and the purchaser consummated
the Non-Core Sale Transaction on Feb. 12, 2016.  Accordingly, the
Funds' appeal of the Non-Core Sale Order is moot and a stay would
serve no purpose....Nonetheless, the Court must deny the stay
motion if it chooses to consider the merits.  The Non-Core Sale
Order provided the best and only opportunity to sell the relevant
NonCore Assets as a going concern with substantial assumed
liabilities, a new collective bargaining agreement with the USW,
and continued employment for non-union workers....The
debtor-in-possession financing facility matures upon the closing of
the sale of the Core Assets to Coal Acquisition LLC, and the
Debtors have no ability to fund operations thereafter.  Hence, the
only alternative to the Non-Core Sale Order was a straight
liquidation of the Non-Core Assets."

                      About Walter Energy

Walter Energy -- http://www.walterenergy.com/-- is a publicly    
traded "pure-play" metallurgical coal producer for the global
steel industry with strategic access to steel producers in Europe,
Asia
and South America.  The Company also produces thermal coal,
anthracite, metallurgical coke and coal bed methane gas.  Walter
Energy employs approximately 2,700 employees, with operations in
the United States, Canada and the United Kingdom.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $471 million following a net loss of $359 million in 2013.  

Walter Energy, Inc., and its affiliates sought Chapter 11
protection (Bankr. N.D. Ala. Lead Case No. 15-02741) in
Birmingham, Alabama on July 15, 2015, after signing a
restructuring
support
agreement with first-lien lenders.

Walter Energy disclosed total assets of $5.2 billion and total
debt of $5 billion as of March 31, 2015.

The Debtors tapped Paul, Weiss, Rifkind, Wharton & Garrison as
counsel; Bradley Arant Boult Cummings LLP, as co-counsel; Ogletree
Deakins LLP, as labor and employment counsel; Maynard, Cooper &
Gale, P.C., as special counsel; Blackstone Advisory Services,
L.P., as investment banker; AlixPartners, LLP, as financial
advisor, and
Kurtzman Carson Consultants LLC, as claims and noticing agent.

The Bankruptcy Administrator for the Northern District of Alabama
appointed an Official Committee of Unsecured Creditors and an
Official Committee of Retirees.  The Creditors Committee tapped
Morrison & Foerster LLP and Christian & Small LLP as attorneys.
The Retiree Committee retained Adams & Reese LLP and Jenner &
Block
LLP as attorneys.

The informal group of certain unaffiliated First Lien Lenders and
First Lien Noteholders (the "Steering Committee") retained Akin,
Gump, Strauss, Hauer and Feld LLP as legal advisor, and Lazard
Freres & Co. LLC as financial advisor.


WELLNESS CENTER: Incurs $542,000 Net Loss in Dec. 31 Quarter
------------------------------------------------------------
Wellness Center USA, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to the Company's stockholders of $541,557 on $126,426
of total revenue for the three months ended Dec. 31, 2015, compared
to a net loss attributable to the Company's stockholders of
$422,943 on $103,309 of total revenue for the same period in 2014.

As of Dec. 31, 2015, the Company had $973,336 in total assets,
$922,216 in total liabilities and $158,858 in total stockholders'
equity and a $107,738 in noncontrolling interest.

As of Dec. 31, 2015, the Company's cash balance was $135,599.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/KH8vdk

                      About Wellness Center

Wellness Center USA, Inc. (WCUI:OTC US) is an alternative
healthcare, medical device solutions and online nutraceutical sales
company.  The Company has four business units: Stealth Mark, which
sells, licenses or provides certain authentication and encryption
products and services; National Pain Centers, Inc., which
specializes in spine and multimodal pain; Psoria-Shield Inc., a
developer and manufacturer of Ultra Violet (UV) phototherapy
devices for the treatment of skin diseases; and CNS-Wellness LLC,
which specializes in the treatment of
brain-based behavioral health disorders.

Wellness Center reported a net loss of $4.86 million for the fiscal
year ended Sept. 30, 2014, compared to a net loss of $2.81 million
for the fiscal year ended Sept. 30, 2013.

Li and Company, PC, in Skillman, New Jersey, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2014.  The independent auditors noted that
the Company had an accumulated deficit at Sept. 30, 2014, a net
loss and net cash used in operating activities for the reporting
period then ended.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


WEST COAST: Case Converted to Chapter 7 Proceeding
--------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of California
ordered the conversion of West Coast Growers Inc.'s Chapter 11 case
to a Chapter 7 liquidation.

The court had earlier required West Coast Growers to explain why
its case should not be converted to a Chapter 7 proceeding or
dismissed after seeing that there was no need for the company to
remain under Chapter 11 protection.  

According to the court, West Coast Growers did not have assets
available for distribution to unsecured creditors and that the
appointment of an outside trustee or examiner could do little for
those creditors.

Parties involved in the case had also told the court during
hearings that the company did not intend to reorganize under a
Chapter 11 plan, court filings show.

In a court filing, West Coast Growers had admitted that it didn't
have available money for general unsecured creditors.  The company,
however, favored the dismissal of its case over conversion to a
Chapter 7 proceeding.

                    About West Coast Growers

West Coast Growers, Inc., a Kerman, California-based processor and
distributor of California raisins, sought Chapter 11 bankruptcy
protection (Bankr. E.D. Cal. Case No. 15-11079) on March 20, 2015,
in Fresno, California.  The case is assigned to Judge W. Richard
Lee. Related entity Salwasser, Inc. (the 100% shareholder of WCG)
also sought bankruptcy protection on March 20, 2015 (Case No.
15-11080). Charlotte Ellen Salwasser filed a Chapter 11 petition
(Case No. 15-10705) on Feb. 26, 2015.  Ms. Salwasser and husband
George Salwasser are the principals and 50% shareholders of
Salwasser, Inc.  Mr. Salwasser is the president of WCG, and Ms.
Salwasser is the vice president and secretary of WCG.

West Coast Growers disclosed total assets of $10.1 million and
total liabilities of $59.6 million.

Hagop T. Bedoyan, Esq., Jacob L. Eaton, Esq., at Lisa A. Holder,
Esq., at Klein, Denatale, Goldner, Cooper, Rosenlieb & Kimball,
LLP, serve as West Coast Growers' attorneys.  Peter L. Fear, Esq.,
at Fear Law Group, P.C., represents Salwasser as counsel.

The U.S. Trustee for Region 17 appointed two creditors of West
Coast Growers Inc. to serve on the official committee of unsecured
creditors.  The Committee retains Blakeley LLP as its counsel.


WOOD RESOURCE: Seeks to Retain ChildersLaw as Counsel
-----------------------------------------------------
Wood Resource Recovery, L.L.C., asks the Bankruptcy Court for
approval to employ Seldon J. Childers and ChildersLaw, LLC, as
counsel, nunc pro tunc to the Petition Date.

The professional services that Childers Law will render include,
but are not limited to, the following:

  A. preparation of all Schedules, Statements, Declarations, and
other papers to be filed in this case on behalf of the Debtor.

  B. advise and counsel the Debtor with respect to its
responsibilities in complying with the United States Trustee's
Guidelines and Reporting Requirements and with the rules and Orders
of the Court;

  C. defend any causes of action on behalf of the Debtor;

  D. protect the interests of the Debtor in all matters before the
Court;

  E. prepare on behalf of the Debtor all necessary applications,
motions, reports, pleadings, orders, adversary proceedings, and
other legal documents necessary in the Chapter 11 case;

  F. counsel the Debtor with regard to its rights and obligations
as a Debtor-in-Possession;

  G. represent the Debtor in negotiation with its creditors and in
preparation of a Chapter 11 Plan of Reorganization and a Disclosure
Statement; and

  H. provide all services to the Debtor of a legal nature in the
field of bankruptcy law.

The Debtor has agreed to compensate ChildersLaw for Post-Petition
services on an hourly basis in accordance with ChildersLaw's
standard hourly rates in effect on the date service is rendered,
subject to the Court's approval.  ChildersLaw's hourly rates are
$375 per hour for attorney Seldon J. Childers, $275 per hour for
associate attorneys of the firm, $150 per hour for
paraprofessionals, and $50 per hour for legal secretarial time.
The Debtor has also agreed to reimburse ChildersLaw for its actual
and necessary expenses incurred in representing the Debtor.

Seldon J. Childers assures the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors.

The firm can be reached at:

         Seldon J. Childers, Esq.
         CHILDERSLAW, LLC
         2135 N.W. 40th Terrace, Suite B
         Gainesville, FL 32605
         Tel: 866-996-6104 FREE
         Fax: 407-209-3870
         E-mail: jchilders@smartbizlaw.com

                        About Wood Resource

Gainesville, Florida-based Wood Resource Recovery, L.L.C., filed on
January 28, 2016, voluntary petitions (Bankr. N.D. Fla., Case No.
16-10014).  The case is assigned to Judge Karen K. Specie.  The
Debtors are represented by Elizabeth A. Green, Esq., at Baker &
Hostetler LLP, in Orlando, Florida.

Wood Resource Recovery disclosed estimated assets and liabilities
of between $10 million to $50 million as of the Chapter 11 filing.

The Debtor's counsel is Seldon J. Childers, Esq., at ChildersLaw,
LLC.


XO HOLDINGS: S&P Puts 'B' CCR on CreditWatch Positive
-----------------------------------------------------
Standard & Poor's Ratings Services said that it placed its 'B'
corporate credit rating on Herndon, Va.-based XO Holdings on
CreditWatch with positive implications.

"The CreditWatch placement follows the company's announcement that
its wholly owned subsidiary XO Communications LLC will be acquired
by Verizon Communications Inc. in a transaction valued at
approximately $1.8 billion," said Standard & Poor's credit analyst
Scott Tan.  "We expect the transaction to close in the first half
of 2017."

S&P also expects that XO Holdings' existing $500 million senior
secured term loan due 2021, which is issued by XO Communications,
will be repaid when the transaction closes.  The documentation in
the term loan contains a change of control provision in the event
the company is acquired.  As a result, S&P is not placing its
ratings on the senior secured term loan on CreditWatch.

S&P expects to resolve the CreditWatch placement when the
transaction closes, at which time S&P will withdraw its ratings on
XO Holdings.


ZAYO GROUP: Bank Debt Trades at 2% Off
--------------------------------------
Participations in a syndicated loan under which Zayo Group is a
borrower traded in the secondary market at 97.68
cents-on-the-dollar during the week ended Friday, Feb. 12, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.75 percentage points from the
previous week.  Zayo Group pays 275 basis points above LIBOR to
borrow under the $1.995 billion facility. The bank loan matures on
May 12, 2022 and carries Moody's and Standard & Poor's did not give
any rating.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Feb. 12.


[*] Conway MacKenzie's R.J. Prossner Receives CIRA Certification
----------------------------------------------------------------
Conway MacKenzie announced that R.J. Prossner has received his
Certified Insolvency & Restructuring Advisor (CIRA) Certification.

In addition to passing the comprehensive three-part examination,
all Certified Insolvency and Restructuring Advisor (CIRA)
recipients must have a minimum of five years of accounting or
financial experience, and have completed, within the last eight
years, 4,000 hours of specialized insolvency and reorganization
experience.  The CIRA program recognizes by public awareness and
certification those individuals who possess a high degree of
specialized, professional, financial and operational expertise in
the area of business bankruptcy and insolvency.  Such experience
includes accounting, operational, taxation, law, finance and
management strategies related to business bankruptcy and
insolvency.  

At Conway MacKenzie, Mr. Prossner specializes in providing
liquidity management, financial modeling, strategic planning,
turnaround and operational management services to both performing
and underperforming companies.  As a restructuring advisor, he has
represented the interests of debtor and creditor constituencies in
out-of-court restructurings and formal bankruptcy settings in a
variety of industries, including automotive, manufacturing,
consumer products, retail, distribution, metals & specialty metals,
telecommunications and technology.  Mr. Prossner is a member of the
Association of Insolvency & Restructuring Advisors, the Turnaround
Management Association, the American Bankruptcy Institute, and the
Association for Corporate Growth.

Conway MacKenzie -- http://conwaymackenzie.com/-- is a consulting
and financial advisory firm.  Across industries and across the
country, it helps healthy companies thrive and troubled companies
get back on track.


[*] Funds Say Court Forgot Baker Donelson Fraud Row Argument
------------------------------------------------------------
Dani Meyer at Bankruptcy Law360 reported that two hedge funds
accusing Baker Donelson Bearman Caldwell & Berkowitz PC of
doctoring a loan agreement for a bankrupt energy company asked an
Illinois federal court on Feb. 17, 2016, to rethink tossing the
suit, saying the court ostensibly forgot about one of their
jurisdiction assertions.

U.S. District Judge Robert M. Dow Jr. had dismissed the suit
earlier this month after finding the funds failed to show the law
firm knew its alleged actions to prevent the funds from collecting
on their loan would extend to Illinois.


[*] GOP Attys Would Likely Back Sri Srinivasan to Replace Scalia
----------------------------------------------------------------
Jimmy Hoover at Bankruptcy Law360 reported politically moderate
D.C. Circuit Judge Sri Srinivasan is considered among President
Barack Obama's top choices to replace the late Associate Supreme
Court Justice Antonin Scalia, and despite calls from the Republican
party to block any nominee, experts say he will likely have strong
support among elite GOP lawyers.

With Obama saying he plans to nominate a successor to the fiery
conservative justice despite planned Republican opposition,
numerous sources have identified Judge Srinivasan as the most
plausible candidate given his Indian background, young age and
experience.

Jeannie O'Sullivan at Law 360 reported that the fate of the high
court's pending cases -- which involve hot-button topics like
affirmative action, abortion, immigration, Obamacare and union fees
-- turns on whether the Senate will confirm a new justice this term
or wait until a new president is elected, experts say.

Justice Scalia sat on the bench's closely held 5-4 conservative
majority.


[*] MoFo Adds Jonathan Levine as Business Restructuring Partner
---------------------------------------------------------------
Jonathan Levine joined Morrison & Foerster LLP's New York office as
a partner in its Business Restructuring & Insolvency Group.

Mr. Levine comes to the firm from Andrews Kurth, where he
represented ad hoc bondholder groups, indenture trustees, and
creditor committees. His addition follows the recent arrival of
Peter Declercq and Sonya Van de Graaff as business restructuring
and insolvency partners in London.

"I've known Jon for nearly a decade and have seen what an
outstanding lawyer he is from working opposite him in a number of
different matters," said Brett Miller, managing partner of the New
York office and a partner in the Business Restructuring &
Insolvency Group.  "Jon's practice and his strong corporate
background complement our current restructuring capabilities, and
make him a great resource for our clients.  Jon's addition is also
particularly timely, given the significant uptick in bankruptcy
filings so far in 2016 and the current uncertain global economic
climate."

"The growth of our global restructuring platform is a key component
of MoFo's strategic development," said Lorenzo Marinuzzi, global
co-chair of the firmwide Business Restructuring & Insolvency Group.
"Jon brings distinguished restructuring experience to MoFo,
strengthening an already impressive bench of high-caliber lawyers.
We are thrilled to have him join our team.”

Mr. Levine's practice involves the representation of official and
ad hoc creditors and equity committees, significant strategic and
financial investors, and debtors/issuers in complex chapter 11
reorganizations and out-of-court restructurings.  Mr. Levine
regularly advises indenture trustees, hedge funds, and other market
participants on a variety of matters. H e earned his J.D. from the
University of California at Los Angeles School of Law and his B.A.
from Stanford University.

Morrison & Foerster's Business Restructuring & Insolvency Group has
one of the strongest practices in the industry and has advised on
many of the most complex matters in recent years.


[*] Squire Patton Boggs and Carroll, Burdick to Combine
-------------------------------------------------------
Squire Patton Boggs and California-based Carroll, Burdick &
McDonough on Feb. 22 announce that they have reached a definitive
agreement to combine firms.

The combination will create the world's premier product quality,
brand protection and compliance practice, joining together Squire
Patton Boggs’ leading global platform of over 1,500 lawyers
spanning 45 offices in 21 countries in the Americas, Asia Pacific,
Europe and the Middle East, with Carroll Burdick, a complex
litigation and products risk management powerhouse with over 50
lawyers on three continents.

Carroll Burdick will operate as an integrated part of Squire Patton
Boggs, offering clients a robust level of service in a range of
corporate, compliance and dispute-related disciplines, as well as
deep roots representing the transportation industry. Founded in San
Francisco in 1948, where its main office remains, Carroll Burdick
also has offices in Böblingen (near Stuttgart), giving the
combined firm a significant presence in the center of Germany's
industrial powerhouse of Baden-Württemberg. This office will
complement Squire Patton Boggs' offices in Berlin and Frankfurt,
and further solidify its long-term commitment to serving premier
German clients with worldwide business. Carroll Burdick also has
offices in Hong Kong and Los Angeles, which complement those of
Squire Patton Boggs and strengthen the combined firm’s presence
in California and the Pacific Rim.

"From the outset of our discussions with Carroll Burdick, it was
clear that our firms shared common values, a complementary mix of
practices and clients who would mutually benefit from what the
other firm brought to the table," said Squire Patton Boggs' Global
Chairman Mark Ruehlmann.  "The needs of our clients have always
been the central focus of our firm's strategic vision. In an
increasingly regulated and inter-dependent global economy, our
clients rely upon us now more than ever for compliance solutions
across virtually all industries. With this combination, and the new
relationships that come with it, we have even greater opportunities
to better serve our clients with strong and developing global
businesses."

"As we looked to grow and expand the range of services we could
offer clients, particularly our premier practice in global product
risk coordination, joining a firm with the scale, practice breadth
and global reputation of Squire Patton Boggs was a logical step,"
said Dr. Matthew Kemner, Chairman of Carroll Burdick, who has been
asked to serve as a member of Squire Patton Boggs' Global Board.
"For a global firm of this size, we were impressed with their high
level of integration and ability to mobilize client teams across
virtually any area of law and geography for the better service of
our outstanding global clients. This is a very exciting day for our
clients and us."

The combination is subject to a limited number of conditions and is
expected to become effective in March 2016.

              About Squire Patton Boggs

Squire Patton Boggs is one of the world’s strongest integrated
legal practices. With 45 offices in 21 countries, the firm is
renowned for its local connections and global influence, delivering
comprehensive legal services across North America, Europe, the
Middle East, Asia Pacific, and Latin America.

           About Carroll, Burdick & McDonough

A leader in global product risk management and global litigation
coordination, Carroll Burdick has over 50 lawyers on three
continents, speaking more than 16 languages including German,
English, Mandarin Chinese (Mandarin and Cantonese), French,
Italian, Latvian, Malay, Romanian, Russian and Spanish, with over
20 percent of the firm’s lawyers having legal educations in two
or more countries. This unparalleled experience provides the
cultural insights necessary for effective global legal service that
helps our international clients reach their global business goals.

PRESS CONTACT
Angelo Kakolyris
+1 212 407 0148
angelo.kakolyris@squirepb.com

                   *     *     *

Elizabeth Olson, writing for The New York Times' DealBook, reported
that Squire Patton Boggs, a law firm that was built on powerhouse
lobbying in Washington but later encountered turbulence as the
legal economy shifted, is acquiring a smaller firm based in San
Francisco, Carroll, Burdick & McDonough.

The firms, which announced the deal on Feb. 22, said the
combination would become effective in March, joining the
approximately 1,500 lawyers at Squire with Carroll Burdick's 50,
the DealBook related.

In 2014, Patton Boggs, started by Thomas Boggs Jr., merged with
Squire Sanders as its future became shaky, the report further
related.  The combined firm is one of the three largest in the
country, but earnings from its best-known practice, lobbying, have
been declining, the DealBook said.  In 2015, $25 million of the
firm's annual revenue came from its lobbying practice, a 20 percent
drop from its 2014 lobbying earnings of $32 million, the DealBook
added.


[*] Williams & Connolly Takes Chance on Zach Warren
---------------------------------------------------
Brandon Lowrey at Bankruptcy Law360 reported that Williams &
Connolly LLP has taken a calculated risk in hiring Zachary Warren
on the same day that the young lawyer inked a deferred prosecution
agreement over his alleged role in the Dewey & LeBoeuf LLP scandal,
a move that Warren's attorney called a "vindication" for the
otherwise promising attorney.  The Manhattan district attorney's
office agreed to drop charges against the 31-year-old after one
year if he completes 350 hours of community service. Warren was
charged as a low-level co-conspirator in the firm's purported fraud
scheme.

Williams & Connolly LLP -- https://www.wc.com/ -- is a prominent
litigation firm based in Washington, D.C.  Although the firm
handles cases all over the world, the firm's 275 partners and
associates are all based in a single office in Washington, D.C.



[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Paul Herbert Feller
   Bankr. C.D. Cal. Case No. 16-10238
      Chapter 11 Petition filed February 9, 2016
         represented by: Reed H Olmstead, Esq.
                         HURLBETT & OLMSTEAD
                         E-mail: reed@olmstead.law

In re Marsh Trucking, LLC
   Bankr. D. Colo. Case No. 16-10980
      Chapter 11 Petition filed February 9, 2016
         See http://bankrupt.com/misc/cob1610980.pdf
         represented by: Phillip Jones, Esq.
                         WILLIAMS, TURNER & HOLMES, PC
                         E-mail: pjones@wth-law.com

In re Michelle Metzler
   Bankr. S.D. Fla. Case No. 16-11831
      Chapter 11 Petition filed February 9, 2016

In re Andre A. Small
   Bankr. D. Md. Case No. 16-11473
      Chapter 11 Petition filed February 9, 2016

In re Erik R Rivera Otero and Melissa B Santos Alberti
   Bankr. D.P.R. Case No. 16-00918
      Chapter 11 Petition filed February 9, 2016

In re Pedro Ivan Martinez Santana
   Bankr. D.P.R. Case No. 16-00932
      Chapter 11 Petition filed February 9, 2016

In re D&H Machine Service, Inc.
   Bankr. E.D. Tenn. Case No. 16-30308
      Chapter 11 Petition filed February 9, 2016
         See http://bankrupt.com/misc/tneb16-30308.pdf
         represented by: Dean B. Farmer, Esq.
                         HODGES, DOUGHTY & CARSON PLLC
                         E-mail: dfarmer@hdclaw.com

In re Eastern Dhaka, Inc.
   Bankr. S.D. Tex. Case No. 16-80043
      Chapter 11 Petition filed February 9, 2016
         See http://bankrupt.com/misc/txsb16-80043.pdf
         represented by: Sirigurmukh Khalsa, Esq.
                         WIST HOLLAND & KEHLHOF
                         E-mail: skhalsa@whkllp.com

In re Presidential Detailing LLC
   Bankr. E.D. Va. Case No. 16-10447
      Chapter 11 Petition filed February 9, 2016
         See http://bankrupt.com/misc/vaeb16-10447.pdf
         represented by: Steven B. Ramsdell, Esq.
                         TYLER, BARTL, RAMSDELL & COUNTS, PLC
                         E-mail: sramsdell@tbrclaw.com

In re Peggy Kenney
   Bankr. W.D. Wash. Case No. 16-40481
      Chapter 11 Petition filed February 9, 2016
         filed Pro Se

In re Sassyfras Investments, LLC
   Bankr. D. Ariz. Case No. 16-01178
      Chapter 11 Petition filed February 10, 2016
         See http://bankrupt.com/misc/azb16-01178.pdf
         represented by: William R. Richardson, Esq.
                         RICHARDSON & RICHARDSON PC
                         E-mail: wrichlaw@aol.com

In re Kenneth Duane Stacks
   Bankr. E.D. Ark. Case No. 16-16-10673
      Chapter 11 Petition filed February 10, 2016

In re Heather Marie Bartlett
   Bankr. C.D. Cal. Case No. 16-10524
      Chapter 11 Petition filed February 10, 2016
         See http://bankrupt.com/misc/cacb16-10524.pdf
         represented by: Andrew S Bisom, Esq.
                         THE BISOM LAW GROUP
                         E-mail: abisom@bisomlaw.com

In re Jose Cruz Mercado
   Bankr. E.D. Cal. Case No. 16-90103
      Chapter 11 Petition filed February 10, 2016

In re Gloriosa R. Antiporda and Hess B. Yazji
   Bankr. M.D. Fla. Case No. 16-00456
      Chapter 11 Petition filed February 10, 2016

In re Siegfried K. Holz
   Bankr. M.D. Fla. Case No. 16-00456
      Chapter 11 Petition filed February 10, 2016

In re Andre A. Small Trustee Of Andre A. Small Irrevocable Trust
   Bankr. D. Md. Case No. 16-11473
      Chapter 11 Petition filed February 10, 2016
         See http://bankrupt.com/misc/mdb16-11473.pdf
         Filed Pro Se

In re Samwin, LLC
   Bankr. D.N.J. Case No. 16-12420
      Chapter 11 Petition filed February 10, 2016
         See http://bankrupt.com/misc/njb16-12420.pdf
         represented by: David A. Kasen, Esq.
                         KASEN & KASEN
                         E-mail: dkasen@kasenlaw.com

In re La Kandela Restaurant Inc.
   Bankr. E.D.N.Y. Case No. 16-40560
      Chapter 11 Petition filed February 10, 2016
         See http://bankrupt.com/misc/nysb16-40560.pdf
         represented by: Frances Newman Ruiz, Esq.
                         Ruiz Law Group PC

In re Dunlap Street, LLC
   Bankr. M.D. Pa. Case No. 16-00542
      Chapter 11 Petition filed February 10, 2016
         See http://bankrupt.com/misc/pamb16-00542.pdf
         represented by: Donald M. Hahn, Esq.
           Stover McGlaughlin Gerace Weyandt & McCormick PC

In re Eduardo Rivera Rivera
   Bankr. D.P.R. Case No. 16-00945
      Chapter 11 Petition filed February 10, 2016

In re Sango Pool and Spa, LLC
   Bankr. M.D. Tenn. Case No. 16-00850
      Chapter 11 Petition filed February 10, 2016
         See http://bankrupt.com/misc/tnmb16-00850.pdf
         represented by: Griffin S. Dunham, Esq.
                         Emerge Law PLC

In re Gordon Communications
   Bankr. S.D. Tex. Case No. 16-30744
      Chapter 11 Petition filed February 10, 2016
         See http://bankrupt.com/misc/txsb16-30744.pdf
         represented by: Matthew Hoffman, Esq.
                         Hoffman & Saweris, p.c.

In re Presidio Circle, LLC
   Bankr. D. Ariz. Case No. 16-01213
      Chapter 11 Petition filed February 11, 2016
         Filed Pro Se

In re Blake Tek Yoon
   Bankr. C.D. Cal. Case No. 16-11744
      Chapter 11 Petition filed February 11, 2016
         represented by: Vakhe Khodzhayan, Esq.
                         KG LAW
                         E-mail: vahe@lawyer.com

In re ADA Construction Services, Inc
   Bankr. E.D. Cal. Case No. 16-20760
      Chapter 11 Petition filed February 11, 2016
         See http://bankrupt.com/misc/caeb16-20760.pdf
         represented by: Michael W. Thomas, Esq.
                         THOMAS & ASSOCIATES
                         E-mail: mthomas@thomas-lawyers.com

In re Jackson Sutter, LLC
   Bankr. N.D. Cal. Case No. 16-40370
      Chapter 11 Petition filed February 11, 2016
         See http://bankrupt.com/misc/canb16-40370.pdf
         represented by: Paul E. Manasian, Esq.
                         LAW OFFICES OF PAUL E. MANASIAN
                         E-mail: manasian@mrlawsf.com

In re J. Brent Wainwright Industries, LLC
   Bankr. M.D. Fla. Case No. 16-00470
      Chapter 11 Petition filed February 11, 2016
         See http://bankrupt.com/misc/flmb16-00470.pdf
         represented by: Buddy D. Ford, Esq.
                         BUDDY D. FORD, PA
                         E-mail: Nancy@TampaEsq.com

In re David Anthony Abdo and Carmen Silvia Morales-Abdo
   Bankr. S.D. Fla. Case No. 16-11953
      Chapter 11 Petition filed February 11, 2016

In re Mustapha Assi Revocable Living Trust dated June 23, 2003
   Bankr. D. Nev. Case No. 16-10615
      Chapter 11 Petition filed February 11, 2016
         See http://bankrupt.com/misc/nvb16-10615.pdf
         represented by: Talitha B. Gray Kozlowski, Esq.
                         GTG,LLP
                         E-mail: tgray@gtg.legal

In re 721 Vermont St Estate Inc
   Bankr. E.D.N.Y. Case No. 16-40576
      Chapter 11 Petition filed February 11, 2016

In re Motel Tropical Inc
   Bankr. D.P.R. Case No. 16-00966
      Chapter 11 Petition filed February 11, 2016
         See http://bankrupt.com/misc/prb16-00966.pdf
         represented by: Isabel M. Fullana, Esq.
                         GARCIA ARREGUI & FULLANA PSC
                         E-mail: isabelfullana@gmail.com

In re B & D Entreprises S.E.
   Bankr. D.P.R. Case No. 16-00978
      Chapter 11 Petition filed February 11, 2016
         See http://bankrupt.com/misc/prb16-00978.pdf
         represented by: Isabel M. Fullana, Esq.
                         GARCIA ARREGUI & FULLANA PSC
                         E-mail: isabelfullana@gmail.com

In re Italian Oven Corp.
   Bankr. D.P.R. Case No. 16-00994
      Chapter 11 Petition filed February 11, 2016
         See http://bankrupt.com/misc/prb16-00994.pdf
         represented by: Alexis Fuentes Hernandez, Esq.
                         FUENTES LAW OFFICES, LLC
                         E-mail: alex@fuentes-law.com

In re UTSA Apartments 16, LLC
   Bankr. W.D. Tex. Case No. 16-50341
      Chapter 11 Petition filed February 11, 2016
         See http://bankrupt.com/misc/txwb16-50341.pdf
         represented by: Allen M. DeBard, Esq.
                         LANGLEY & BANACK, INC
                         E-mail: adebard@langleybanack.com


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***