TCR_Public/161022.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, October 22, 2016, Vol. 20, No. 295

                            Headlines

BIND THERAPEUTICS: Reports $10.69 Million Net Income in August
HORSEHEAD HOLDING: Net Loss Decreases to $6.05 Million in August
INTERNATIONAL SHIPHOLDING: Suffers $1.51 Million Net Loss in August

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BIND THERAPEUTICS: Reports $10.69 Million Net Income in August
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BIND Therapeutics, Inc., filed with the U.S. Securities and
Exchange Commission its monthly operating report for August 2016.

The Debtor's statement of operations showed a net income of $10.69
million on $11.58 million of total revenue for the month, a swing
from $17.06 million net loss reported for July.

As of August 31, 2016, the Debtor listed total assets of $42.13
million, total liabilities of $4.13 million, and $38 million in
total shareholders' equity.

At the start of the month, the Debtor had $4.34 million cash.  It
reported total cash receipts of $42.15 million and total
disbursements of $22.28 million.  Disbursements include $1.71
million in professional fees.  At month end, the Debtor had $24.22
million cash.

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

                    http://bit.ly/2e9GUZa

                   About BIND Therapeutics

BIND Therapeutics is a biotechnology company developing novel
targeted therapeutics, primarily for the treatment of cancer.  BIND
Therapeutics, Inc., aka BIND Biosciences, Inc., and BIND
Biosciences Security Corporation filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case Nos. 16-11084 and 16-11085) on May
1, 2016.

Peter M. Gilhuly, Esq., Kimberly A. Posin, Esq., and Adam E.
Malatesta, Esq., at Latham & Watkins LLP, and John Henry Knight,
Esq., and Amanda R. Steele, Esq., at Richards, Layton & Finger,
P.A., serve as Chapter 11 counsel.

The Debtors' financial advisor is Cowen and Company, LLC.  Prime
Clerk LLC serves as claims and noticing agent.  In its petition,
the Debtors estimated $10 million to $50 million in both assets and
liabilities.

The petitions were signed by Andrew Hircsh, president and chief
executive officer.



HORSEHEAD HOLDING: Net Loss Decreases to $6.05 Million in August
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Horsehead Holding Corp. and its subsidiaries filed with the U.S.
Securities and Exchange Commission their monthly operating report
for August 2016.

The Debtors incurred a consolidated net loss of $6.05 million on
$28.45 million net sales for the month, a slight decrease from
$6.53 million net loss reported for the previous month.

The Debtors' consolidated balance sheet showed $371.69 million in
total assets, $129.58 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,
$211.05 million in liabilities subject to compromise unsecured debt
(AP & AL), and -$252.61 million in total shareholders' equity as of
August 31, 2016.

The Debtors started the month with $18.73 million cash.  They
listed $30.32 million in total receipts and $32.91 million in total
disbursements.  Disbursements include $3.27 million in professional
fees.  Taking into account $10 million in DIP Facility Drawdown,
the Debtors had $26.14 million cash at month end.

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

                    http://bit.ly/2e5UuYU

                 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.  The Equity tapped Nastasi Partners as its
bankruptcy co-counsel; Richards, Layton & Finger P.A. as its
co-counsel; and SSG Capital Advisors, LLC as its financial advisor.


INTERNATIONAL SHIPHOLDING: Suffers $1.51 Million Net Loss in August
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International Shipholding Corporation filed with the U.S.
Securities and Exchange Commission its monthly operating report for
August 2016.

The Debtor's statement of operations reflected a net loss of $1.51
million on $15.81 million of total revenue for the month.

As of August 31, 2016, the Debtor listed total assets of $261.66
million, $20.49 million in total post-petition liabilities, $174.56
million in total pre-petition liabilities, and $66.61 million in
total shareholders' equity.

At the start of the month, the Debtor had $6.06 million cash.  It
listed total cash receipts of $48.22 million and a total
disbursements of $43.83 million.  At month end, the Debtor had
$10.46 million cash.

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

                    http://bit.ly/2dOy0wE

                About International Shipholding

International Shipholding Corporation filed a Chapter 11 petition
(Bankr. S.D.N.Y. Case No. 16-12220) on July 31, 2016.  Its
affiliated Debtors also filed separate Chapter 11 petitions.  The
petitions were signed by Manuel G. Estrada, vice president and
chief financial officer.  

The Debtors' restructuring advisor is Blackhill Partners, LLC.
Their claims, noticing and balloting agent is Prime Clerk LLC.

The Debtors disclosed total assets at $305.08 million and total
debts at $226.83 million as of March 31, 2016.



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Troubled Company Reporter is a daily newsletter co-published
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