TCR_Public/170722.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, July 22, 2017, Vol. 21, No. 202

                            Headlines

KATY INDUSTRIES: Incurs $1.04 Million Net Loss at May 26

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KATY INDUSTRIES: Incurs $1.04 Million Net Loss at May 26
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Katy Industries, Inc., et al., filed with the U.S. Securities and
Exchange Commission their monthly operating report for the period
from May 14, 2017 through May 26, 2017.

The Debtors' consolidated statement of operations showed a net loss
of $1,045,312 on net sales of $2,571,565 for the reporting period.

At May 26, 2017, the Debtors had $88,492,217 in total assets,
$98,37,453 in total liabilities, and -$9,882,236 in total
shareholders equity.

At the beginning of the month, the Debtors had a $2 million
beginning cash balance.  They listed total receipts of $7.68
million and total disbursements of $4.55 million. The Debtors ended
the month with $5.13 million cash.

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

                    http://bit.ly/2tMOwmm

                    About Katy Industries

Katy Industries, Inc. -- http://www.katyindustries.com/-- a       

publicly traded Delaware corporation, is a manufacturer, importer,
and distributor of commercial cleaning and consumer storage
products as well as a contract manufacturer of structural foam
products.  It distributes its products across the United States
and Canada.  It is best known for such brands as Continental,
Huskee, Color Guard, Wilen, Muscle Mop, Contico, Tuffbin, and
SilverWolf, among many others.  The Company operates three
manufacturing facilities located in Jefferson City, Missouri,
Tiffin, Ohio, and Fort Wayne, Indiana, with its corporate
headquarters located in St. Louis, Missouri.   

Katy Industries, Inc., and its affiliates sought Chapter 11
protection (Bankr. D. Del. Case No. 17-11101) on May 14, 2017.
Katy Industries disclosed assets at $821,321 and liabilities at
$58,421,346.

The petitions were signed by Lawrence R. Perkins of
SierraConstellation Partners LLC, who serves as the Debtors' chief
restructuring officer.

The Debtors tapped DLA Piper LLP (US) as counsel; and Lincoln
Partners Advisors LLC as their investment banker.

On May 26, 2017, the Office of the U.S. Trustee appointed seven
members to the statutory committee of unsecured creditors in the
Debtors' cases.


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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 2017.  All rights reserved.  ISSN: 1520-9474.

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