TCR_Public/170902.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, September 2, 2017, Vol. 21, No. 244


KATY INDUSTRIES: Posts $921,395 Net Loss at June 30
TERRAVIA HOLDINGS: Files Initial Monthly Operating Report
TIDEWATER INC: Net Loss Decreases to $36.09 Million in July


KATY INDUSTRIES: Posts $921,395 Net Loss at June 30
Katy Industries, Inc., et al., filed with the U.S. Securities and
Exchange Commission their monthly operating report for the period
from May 27, 2017 through June 30, 2017.

The Debtors' consolidated statement of operations showed a net loss
of $921,395 on net sales of $6,672,872 for June, a slight decrease
from $1,045,312 net loss recorded for the previous period.

At June 30, 2017, the Debtors had $90.98 million in total assets,
$101.78 million in total liabilities, and -$10.80 million in total
shareholders equity.

At the beginning of the month, the Debtors had a $5.13 million
beginning cash balance.  They listed total receipts of $7.69
million and total disbursements of $6.70 million. Disbursements
include 35,000 in professional fees.  The Debtors ended the month
with $6.16 million cash.

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


                    About Katy Industries

Katy Industries, Inc. -- a  
publicly traded Delaware corporation, and its wholly-owned direct
and indirect subsidiaries ("Company"), were organized as a Delaware
corporation in 1967.  The Company is a well-known 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 filed a voluntary
petition for relief under the Bankruptcy Code (Bankr. D. Del. Lead
Case No. 17-11101) on May 14, 2017.  The petitions were signed by
Lawrence Perkins, chief restructuring officer.

Katy Industries disclosed $821,321 in assets and $58,421,346 in

Stuart M. Brown, Esq., at DLA Piper LLP (US) represent the Debtors
as bankruptcy counsel.  The Debtors hired JND Corporate
Restructuring as their claims and noticing agent.

On July 31, 2017, the Office of the U.S. Trustee formed a committee
of retirees.

TERRAVIA HOLDINGS: Files Initial Monthly Operating Report
TerraVia Holdings, Inc., et al., filed with the U.S. Securities and
Exchange Commission an initial monthly operating report.

The Debtors' Initial MOR includes a cash flow projection for the
3-quarter period covering the third quarter of 2017 through the
first quarter of 2018.

TerraVia Holdings projects to have ending cash of $7 million at the
end of the third quarter of 2017.

The Initial MOR also includes a schedule of retainers paid to
professionals in June and July 2017. Among the Debtors' bankruptcy
professionals are Kurtzman Carson Consultants LLC, Richards, Layton
& Finger, and  Davis Polk & Wardwell LLP.

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


                     About TerraVia

Headquartered in South San Francisco, California, TerraVia
Holdings, Inc. (NASDAQ:TVIA) -- is a
plant-based food, nutrition and specialty ingredients company that
harnesses the power of algae, the mother of all plants and earth's
original superfood.  TerraVia also manufactures a range of
specialty personal care ingredients for key strategic partners.

On Aug. 2, 2017, TerraVia Holdings, Inc., and its wholly owned U.S.
subsidiaries filed voluntary petitions under chapter 11 of title 11
of the United States Code (Bankr. D. Del. Lead Case No. 17-11655).
The subsidiary debtors in the Chapter 11 cases are Solazyme Brazil
LLC and Solazyme Manufacturing 1, LLC.

The Debtors sought bankruptcy protection after reaching a deal to
sell the assets to Corbion N.V. for $20 million in cash plus the
assumption of liabilities.

The Debtors hired Davis Polk & Wardwell LLP as their lead counsel
and Richards, Layton & Finger, P.A., as co-counsel.  Kurtzman
Carson Consultants LLC is their claims agent.

The Office of the U.S. Trustee on August 11 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of TerraVia Holdings, Inc.

TIDEWATER INC: Net Loss Decreases to $36.09 Million in July
Tidewater, Inc., et al., filed with the U.S. Securities and
Exchange Commission their monthly operating report for July 2017.

The Debtors' consolidated statement of operations showed a net
loss of $36.09 million on $36.11 million of revenue for July, as
compared to $430.05 million net loss reported for June.

As of July 31, 2017, the Debtors listed $3.77 billion in
consolidated total assets, $2.68 billion in consolidated total
liabilities, and $1.09 billion in consolidated total shareholders'

At July 1, 2017, the Debtors had $18.05 million beginning cash
balance.  They listed total cash receipts of $21.08 million and
total cash disbursements of $136.42 million.  Taking into account
net intercompany transfer activity of $535.79 million, the Debtors
had $438.50 million ending cash balance at July 31, 2017.

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


                    About Tidewater Inc.

Founded in 1955, Tidewater, Inc. (NYSE: TDW) is a publicly traded
international petroleum service company headquartered in New
Orleans, Louisiana, U.S.  It operates a fleet of ships, providing
vessels and marine services to the offshore petroleum industry.

Tidewater Inc. and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Lead Case No. 17-11132) on May 17, 2017.

The petitions were signed by Bruce Lundstrom, executive vice
president, general counsel and secretary.

Tidewater, Inc., disclosed $4.31 billion in total assets and $2.34
billion in debt as of Dec. 31, 2016.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel; Richards,
Layton & Finger, P.A., as co-counsel; Jones Walker LLP, as
corporate counsel; AlixPartners, LLP, as financial advisors; Lazard
Freres & Co. LLC, as investment banker; KPMG LLP, as restructuring
tax consultant; Deloitte & Touche LLP as auditor and tax
consultant; Ernst & Young as tax advisor; and Epiq Bankruptcy
Solutions, LLC, as administrative advisors, and claims and
solicitation agent.

An unofficial committee of noteholders of Tidewater Inc., et al.,
has retained Paul, Weiss, Rifkind, Wharton & Garrison LLP, as
restructuring counsel, and Blank Rome LLP, as maritime counsel in
connection with restructuring discussions.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on June 20, 2017,
appointed three creditors to serve on the committee of equity
security holders; and three creditors to serve on the official
committee of unsecured creditors. Counsel to the Equity Committee
are Saul Ewing LLP and Brown Rudnick LLP.  The Equity Committee
retained Miller Buckfire & Co., LLC, as financial advisor and
investment banker.  Lawyers at Whiteford, Taylor & Preston LLC
represent the Unsecured Creditors Committee.


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Troubled Company Reporter is a daily newsletter co-published
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Copyright 2017.  All rights reserved.  ISSN: 1520-9474.

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