TCR_Public/160806.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, August 6, 2016, Vol. 20, No. 219

                            Headlines

HERCULES OFFSHORE: Suffers $129.52 Million Net Loss at June 30
HORSEHEAD HOLDING: Reports $10.16 Million Net Loss in June
PEABODY ENERGY: Posts $40.4 Million Net Loss in June
PERSEON CORP: Files Operating Reports for May & June

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HERCULES OFFSHORE: Suffers $129.52 Million Net Loss at June 30
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Hercules Offshore, Inc., et. al., filed with the U.S. Securities
and Exchange Commission their monthly operating report for June 5,
2016 through June 30, 2016.

The Debtors' consolidated statement of operations posted a net
loss of $129.52 million on $4.61 million total revenues for the
period.

As of June 30, 2016, the Debtors reported consolidated total assets
of $2.57 billion, consolidated total liabilities of $884.31
million, and $1.68 billion in consolidated total shareholders'
equity.

At June 5, 2016, the Debtors had $207.70 million cash. They listed
total cash receipts of $3.50 million and total cash disbursements
of $50.50 million. The Debtors had $160.70 million cash at June
30.

A copy of the monthly operating report is available at the SEC at:

                      https://is.gd/cnxO3J

                      About Hercules Offshore

Hercules Offshore, Inc., and its debtor and non-debtor subsidiaries
are providers of shallow-water drilling and marine services to the
oil and natural gas exploration and production industry globally.

Hercules Offshore and 13 of its subsidiaries each filed a Chapter
11 bankruptcy petition (Bankr. D. Del. Proposed Lead Case No.
16-11385) on June 5, 2016. The petition was signed by Troy L.
Carson as vice president.

The Debtors listed total assets of $1.06 billion and total debts of
$521.37 million as of March 31, 2016.

The Debtors have hired Akin Gump Srauss Hauer & Feld LLP as general
bankruptcy counsel and Morris, Nichols, Arsht & Tunnell LLP as
co-counsel.


HORSEHEAD HOLDING: Reports $10.16 Million Net Loss in June
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Horsehead Holding Corp. and its subsidiaries filed with the U.S.
Securities and Exchange Commission their monthly operating report
for June 2016.

The Debtors suffered a consolidated net loss of $10.16 million on
$28.47 million net sales for the month.

The Debtors' consolidated balance sheet showed $363.91 million in
total assets, $103.93 million in total current liabilities, $263.21
million in liabilities subject to compromise - secured debt, $2.10
million in liabilities subject to compromise - priority debt,
$212.45 million in liabilities subject to compromise – unsecured
debt (AP & AL), and $236.19 million in total shareholders' deficit
as of June 30, 2016.

The Debtors started the month with $21.55 million cash.  They
listed $28.69 million in total receipts and $39.02 million in total
disbursements.  Disbursements include $5.44 million in professional
fees.  Taking into account $5 million in DIP Facility Drawdown, the
Debtors had $16.22 million cash at month end.

A copy of the monthly operating report is available at the SEC at:

                    https://is.gd/yQK8IJ

                About Horsehead Holding Corp.

Horsehead Holding Corp. is the parent company of Horsehead
Corporation, a U.S. producer of specialty zinc and zinc-based
products and a recycler of electric arc furnace dust; The
International Metals Reclamation Company, LLC, a leading recycler
of metals-bearing wastes and a leading processor of nickel-cadmium
(NiCd) batteries in North America; and Zochem Inc., a zinc oxide
producer located in Brampton, Ontario. Horsehead, headquartered in
Pittsburgh, Pa., has seven facilities throughout the U.S. and
Canada. The Debtors currently employ approximately 730 full-time
individuals.

Horsehead Holding Corp., Horsehead Corporation, Horsehead Metal
Products, LLC, The International Metals Reclamation Company, LLC,
and Zochem Inc. filed Chapter 11 bankruptcy petitions (Bankr. D.
Del. Case Nos. 16-10287 to 16-10291) on Feb. 2, 2016. The Petition
was signed by Robert D. Scherich as vice president and chief
financial officer. Judge Christopher S. Sontchi is assigned to the
case.

The Debtors have engaged Kirkland & Ellis LLP as general counsel,
Pachulski Stang Ziehl & Jones LLP as local counsel, RAS Management
Advisors, LLC, as financial advisor, Lazard Middle Market LLC as
investment banker, Epiq Bankruptcy Solutions, LLC, as claims and
noticing agent and Aird & Berlis LLP as Canadian counsel.

The Debtors disclosed total assets of $1 billion and total
liabilities of $544.6 million.  As of the Petition Date, the
Debtors' consolidated long-term debt obligations totaled
approximately $420.7 million.

Andrew Vara, acting U.S. trustee for Region 3, appointed seven
creditors of Horsehead Holding Corp. to serve on the official
committee of unsecured creditors. Lowenstein Sandler LLP serves as
counsel to the Committee, while Drinker Biddle & Reath LLP serves
as co-counsel. The Unsecured Creditors Committee is represented by
Kenneth A. Rosen, Esq., Bruce Buechler, Esq., and Philip J. Gross,
Esq., at Lowenstein Sandler LLP.

The U.S. Trustee's office appointed Aquamarine Capital and six
others to serve on Horsehead Holding Corp.'s committee of equity
security holders.


PEABODY ENERGY: Posts $40.4 Million Net Loss in June
----------------------------------------------------
Peabody Energy Corporation, et. al., filed with the U.S. Securities
and Exchange Commission their corporate monthly operating report
for June 2016.

The Debtors' consolidated statement of operations reported a net
loss of $40.4 million on $385 million total revenues for the
period.

As of June 30, 2016, the Debtors posted consolidated total assets
of $12.01 billion, consolidated total liabilities of $11.39
billion, and $620.5 million in consolidated total shareholders'
equity.

The Debtors listed $243.8 million in total cash receipts and $189.9
million in total cash disbursements for June.

A copy of the corporate monthly operating report is available at
the SEC at https://is.gd/SFX1YJ

               About Peabody Energy Corporation

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount
Mine in Australia.  In addition to its mining operations, the
Company markets and brokers coal from other coal producers, both
as principal and agent, and trade coal and freight-related
contracts through trading and business offices in Australia,
China, Germany, India, Indonesia, Singapore, the United Kingdom
and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $919 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
Case No. 16-42529 in the U.S. Bankruptcy Court for the Eastern
District of Missouri.

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

The Office of the U.S. Trustee appointed seven creditors of Peabody
Energy Corp. to serve on the official committee of unsecured
creditors.  The Committee is represented by Dimitra Doufekias,
Esq., at Morrison & Foerster LLP and Sherry K. Dreisewerd, Esq., at
Spencer Fane LLP.

Michael J. Russano, Esq., at Davis Polk & Wardwell LLP is counsel
to Citibank, N.A. as Administrative Agent and L/C Issuer under the
Debtors' Postpetition Secured Credit Facility and as Administrative
Agent, Swing Line Lender and L/C Issuer under the Debtors'
Prepetition Secured Credit Facility.

Laura Uberti Hughes, Esq., at Bryan Cave is the local counsel to
Citibank, N.A. as Administrative Agent and L/C Issuer under the
Postpetition Secured Credit Facility and as Administrative Agent,
Swing Line Lender and L/C Issuer under the Prepetition Secured
Credit Facility.


PERSEON CORP: Files Operating Reports for May & June
----------------------------------------------------
Perseon Corp. filed its monthly operating reports for May 23, 2016
through May 31, 2016 and June 2016.

The Debtor's statement of operations for May 23, 2016 through May
31, 2016 showed a net loss of $57,130 on $126,975 net operating
revenue.

As of May 31, 2016, the Debtor posted $2.01 million in total
assets, $2.62 million in total liabilities, and $611,109 in total
shareholders' deficit.

At May 23, 2016, the Debtor had 278,088 cash. It listed $7.86 in
total receipts and $13,790 in total disbursements.  At May 30,
2016, the Debtor had 291,886 cash.

For the month of June, the Debtor posted a net loss of $189,838 on
$135,855 net operating revenue.

As of June 30, 2016, the Debtor listed $2.72 million in total
assets, $3.51 million in total liabilities, and $795,947 in total
shareholders' deficit.

The Debtor started June with 291,886 cash. It listed $1.23 million
in total receipts and $245,029 in total disbursements for the
month.  Disbursements include $55,261 in professional fees/U.S.
trustee fees. At month end, the Debtor had 1.27 million cash.

A copy of the monthly operating report is available at the SEC at:

                    https://is.gd/KbzOjt

                     About Perseon Corp.

Perseon Corp., formerly known as BSD Medical Corp., sought Chapter
11 protection (Bankr. D. Utah Case No. 16-24435) on May 23, 2016,
in Salt Lake City. Perseon is publicly traded medical technology
developer and manufacturer that is primarily focused on creating
and manufacturing ablation technologies for treating cancer.

The Debtors listed $1 million to $10 million in assets and debt.

The Debtors are represented by Steven T. Waterman, Esq., at Dorsey
& Whitney LLP.  Nixon Peabody LP serves as patents counsel.  The
petition was signed by Clinton E. Carnell Jr., CEO/President.

Chief Judge R. Kimball Mosier is assigned to the case.


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