TCR_Public/180123.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, January 23, 2018, Vol. 22, No. 22

                            Headlines

417 RENTALS: Eagleburgers Buying Ash Grove Property for $150K
417 RENTALS: Pike Buying Springfield Property for $112K
417 RENTALS: Stefans Buying Billings Property for $170K
4356 92ND AVE: Full Payment Without Interest for Unsecureds
47 HOPS: Unsecured Creditors to Receive $110K Annually Under Plan

6635 W OQUENDO: IRS to be Paid $1.8K Monthly at 4% Over 3 Years
ALL AMERICAN ROOFING: Iron Horse to Sell Trucks & Forklifts
ALLIANCE EQUITIES: Will Continue to Operate Business Under Plan
ARCON PROPERTIES: Case Summary & Top Unsecured Creditors
ATM MIRROR: SMFL Files Limited Objection to Disclosure Statement

AUBURN ARMATURE: Unsecureds to be Paid $200K Under Liquidation Plan
B E R PRECISION: Plan to Give Unsecureds 100% in 60 Months
BALDWIN PARK: Unsecureds to Recoup 25% Under Plan
BAY CIRCLE: BPCP, et al.'s Bid for Judgment on Pleadings Granted
BCR EQUIPMENT: $57K Sale of 2016 Chevrolet Silverado to Meador OK'd

BCR EQUIPMENT: Meador Buying 2016 Chevrolet Silverado for $57K
BEERCO LIMITED: Case Summary & 20 Largest Unsecured Creditors
BELK INC: Bank Debt Trades at 17.21% Off
BERRY GLOBAL: S&P Rates Proposed $400MM Second-Lien Notes 'BB-'
BLACK SQUARE: Feb. 13 Approval Hearing on Plan Disclosures Set

BLACKSANDS PETROLEUM: Gets Out of Oil Exploration Business
BOISE GUN: Bankr. Court Rejects Bid to Modify Chapter 11 Plan
BORIS KHINKIS: Cohens Buying Mahwah Property for $750K
BUCKEYE PARTNERS: Fitch Rates Jr. Subordinated Notes Due 2078 'BB'
CALIFORNIA RESOURCES: Robert Barnes Transitioning to Advisor Role

CARL WEBER: Delay in Counsel Retention OK Stalls Plan Filing
CARTEL MANAGEMENT: $7K Sale of Two 2015 Yamaha Model VXs Approved
CASTLE ARCH: Proposed Statewide Auction of Tooele Property Approved
CEC ENTERTAINMENT: Bank Debt Trades at 5.60% Off
CIENA CORP: S&P Alters Outlook to Pos. on Improved Credit Metrics

COCOA SERVICES: Files Chapter 11 Joint Plan of Liquidation
CONCORDIA HEALTHCARE: Bank Debt Trades at 15.83% Off
CSC HOLDINGS: Fitch Assigns BB+ Rating to Term Loan B Due 2026
CTI BIOPHARMA: Will Hold a Meeting on Jan. 24 to Approve Merger
DRONE USA: Obtains $107,500 Financing from Labrys Fund

ECOARK HOLDINGS: Nepsis Capital Has 24.1% Stake as of Dec. 31
EIG MANAGEMENT: S&P Affirms 'BB+' ICR, Outlook Stable
EVERETT'S AUTOMOTIVE: Plan Filing Deadline Moved to Jan. 18
EXGEN TEXAS: 0.05% Projected Recovery for Unsecureds Under Plan
EXTRACTION OIL: Fitch Rates Senior Unsecured Notes Due 2026 'BB'

FIRST REPUBLIC: Fitch Affirms 'BB' Preferred Stock Rating
FRONTIER COMMUNICATIONS: Bank Debt Trades at 4.44% Off
GENERAL NUTRITION: Bank Debt Trades at 17.48% Off
GETTY IMAGES: Bank Debt Trades at 8.51% Off
GRAFTECH INTERNATIONAL: Submits Draft Statement for Proposed IPO

GREGORY APANOWICZ: Johnsons Buying Barrackville Property for $185K
HARBORVIEW TOWERS: Court Narrows Claims in Clark et al.'s Lawsuit
HARBORVIEW TOWERS: Not Guilty of Violating FHA, Court Rules
HUNT COMPANIES: S&P Assigns 'BB-' ICR, Outlook Stable
IHEARTCOMMUNICATIONS INC: Extends Notes Private Offers to Feb. 16

IHEARTCOMMUNICATIONS INC: Extends Private Term Loan Offers
INFINITE CARE: Public Auction of All Property Set for Jan. 29
IVANTI SOFTWARE: Bank Debt Trades at 5.19% Off
J & J CHEMICAL: Court Approves Trustee's Modified Disclosures
J.G. WENTWORTH: Davis Polk Advised Admin. Agent in Case

J.G. WENTWORTH: Term Claimants to Get 95.5% of Shares Under Plan
JAMES SANDBERG: Selling 50% Interest in Torrington Home for $139K
JBC STAPLES: Case Summary & 4 Unsecured Creditors
JC PENNEY: Bank Debt Trades at 5.96% Off
KARIN FRANK: Proposes $95K Sale of Sacramento Property to Sharp

KB HOME: S&P Raises Corp. Credit Rating to 'BB-', Outlook Stable
KHAN GROUP: To Pay Unsecured Creditors $1.2K Monthly Over 5 Years
LARRY HEMBREE: Family Life Buying Washington Property for $95K
LEVERETTE TILE: Proposes a Sale of Appraised Select Assets
MARCANTONIO ENTERPRISES: $275K Sale of New Braunfels Property OK'd

MEDAK TRUCKING: First Modified Reorganization Plan Confirmed
MESA OIL: Full Payment for Unsecureds in 5 Years With 3% Interest
MESOBLAST LIMITED: Provides Updated Investor Presentation
MICROVISION INC: Expects Q4 2017 Revenue of $2.4M to $2.7M
MONAKER GROUP: Incurs $1.80 Million Net Loss in Third Quarter

MONTCO OFFSHORE: Bankruptcy Court Confirms Reorganization Plan
MOTORS LIQUIDATION: Agreement with PI Plaintiffs Unenforceable
MT YOHAI: $1.8M Sale of Los Angeles Property to Fanning Approved
NAVEX ACQUISITION: S&P Raises CCR to 'B' on Strong Performance
NCI BUILDING: S&P Affirms 'BB' Corp. Credit Rating, Outlook Stable

NEIMAN MARCUS: Bank Debt Trades at 17.80% Off
NEOVASC INC: Reducer Featured in Live Case at Berlin Symposium
NORTHGATE PUBLIC: Bank Debt Trades at 16.50% Off
NOVA TERRA: Unsecureds to Receive 5% in 84 Monthly Payments
OLD COLD: 1st Cir. Affirms Ruling on Approval of Sale with S&S

OLD COLD: Liable for Prepetition Damages to Mission
PELICAN REAL ESTATE: Trustee Selling Torok Pool for $100K
PEREZ BROTHERS: Case Summary & 18 Largest Unsecured Creditors
PES HOLDINGS: Case Summary & 50 Largest Unsecured Creditors
PETROLEUM GEO-SERVICES: Bank Debt Trades at 16.17% Off

PETSMART INC: Bank Debt Trades at 18.84% Off
PRINCESS MILL: Case Summary & 2 Unsecured Creditors
RAMADA MORGANTOWN: Equity Partners HG Retained to Seek Buyer
REAL ALLOY: Obtains Court Approval on DIP Financing
RENTECH INC: Sale of All Assets of Rentech WP Subsidiaries Approved

SAEXPLORATION HOLDINGS: Extends Kuukpik Joint Venture to 2020
SAFE FLEET: S&P Assigns 'B' Corp. Credit Rating, Outlook Negative
SAM WYLY: Has Thru 2018 to Make Advances Under Rosemary Ranch Order
SERTA SIMMONS: Bank Debt Due 2023 Trades at 6.62% Off
SERTA SIMMONS: Bank Debt Due 2024 Trades at 13.83% Off

SHAW TRUCKING: Action Center Buying 2015 Vantage Trailer for $39K
SHERIDAN INVESTMENT: Bank Debt Trades at 18.67% Off
SHIEKH SHOES: Sets Bidding Procedures for All Assets
SKILLSOFT CORP: Bank Debt Trades at 11.50% Off
SLATER STEELS: Joslyn Liable for 75% of All Future Cleanup Costs

SYNCREON GROUP: Bank Debt Trades at 12.44% Off
TARA RETAIL: Court Approves Stipulation with Dollar Tree
TIMOTHY BRENNAN: Selling Real & Personal Property
VALDERRAMA A/C: Feb. 21 Plan Confirmation Hearing Set
WINDSTREAM CORP: Bank Debt Trades at 10.17% Off

YIELD10 BIOSCIENCE: Amends Prospectus on 586,592 Units Offering
YUCCA LAND: Avery and Kingman Claims Added in Latest Plan
[*] Bradley Giordano Joins King & Spalding's Chicago Office
[*] David Tepper Joins Tiger Group as Business Development Officer
[*] Moody's B3 Neg. and Lower Corp. Ratings Drop 19% in 2017

[^] Large Companies with Insolvent Balance Sheet

                            *********

417 RENTALS: Eagleburgers Buying Ash Grove Property for $150K
-------------------------------------------------------------
417 Rentals, LLC, asks the U.S. Bankruptcy Court for the Western
District of Missouri to authorize the sale of the real property
located at 6251 State Highway O, Ash Grove, Missouri to John and
Sandy Eagleburger for $150,000.

The Debtor's assets consist of 565 rental units, many of which are
single family dwellings.  These properties are located in the
Springfield, Missouri area.  There are 15 lenders whose liens
encumber most of the properties.  The Debtor's reorganization plan
will seek to refinance certain properties and sell the remaining
properties.  

Among the Debtor's assets is the Property, a single family
dwelling, encumbered by a Deed of Trust on behalf of Systematic
Savings Bank ("SSB").  A description of the Property subject of the
sale, together with the information concerning the loan balance,
interest rate, taxes and insurance, is included in the Table.

The Property has been listed for sale since May 2017 and since that
date there have been no competing offers to purchase.  The Property
subject of the sale is not necessary for an effective
reorganization.

The Debtor has entered into a contract, subject to Court approval,
with the Purchasers to purchase the Property for the sum of
$150,000.  It proposes to sell the Property free and clear of all
liens, encumbrances, claims and interests, with such liens,
encumbrances, claims and interests to attach to the sale proceeds
in the order of priority.

A copy of the Table and the Contract attached to the Motion is
available for free at:

     http://bankrupt.com/misc/417_Rentals_290_Sales.pdf

The Debtor proposes that the proceeds be applied as follows: (i)
first, to the payment of expenses of the sale; (ii) second, to pay
any real estate taxes and assessments outstanding and unpaid at the
time of the sale; (iii) third, to be paid to SSB towards
satisfaction of the indebtedness owed it by the Debtor; and (iv)
fourth, the balance to be paid to the Debtor's estate.

Counsel for SSB:

          J. Mark Haseltine, Esq.
          SPRINGER & HASELTINE
          3041 S Kimbrough #103
          Springfield, MO 65807

                      About 417 Rentals

Based in Brookline, Missouri, 417 Rentals, LLC, is a privately held
company in the real estate rental service industry.  417 Rentals
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
W.D. Mo. Case No. 17-60935) on Aug. 25, 2017.  Christopher Gatley,
its member, signed the petition.  At the time of the filing, the
Debtor estimated assets and liabilities of $1 million to $10
million.  Ronald S. Weiss, Esq., at Berman, DeLeve, Kuchan &
Chapman, LLC, serves as the Debtor's bankruptcy counsel.  An
official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case.


417 RENTALS: Pike Buying Springfield Property for $112K
-------------------------------------------------------
417 Rentals, LLC, asks the U.S. Bankruptcy Court for the Western
District of Missouri to authorize the sale of the real property
located at 3404 West Sylvania Street, Springfield, Missouri to
Michael R. Pike for $111,500.

The Debtor's assets consist of 565 rental units, many of which are
single family dwellings.  These properties are located in the
Springfield, Missouri area.  There are 15 lenders whose liens
encumber most of the properties.  The Debtor's reorganization plan
will seek to refinance certain properties and sell the remaining
properties.  

Among the Debtor's assets is the Property, a single-family
dwelling, encumbered by a Deed of Trust on behalf of Simmons Bank.
A description of the Property subject of the sale, together with
the information concerning the loan balance, interest rate, taxes
and insurance, is included in the Table.

The Property has been listed for sale since May 2017 and since that
date there have been no competing offers to purchase.  The Property
subject of the sale is not necessary for an effective
reorganization.

The Debtor has entered into a contract, subject to Court approval,
with the Purchaser to purchase the Property for the sum of $111,500
with $1,000 earnest money.  It proposes to sell the Property free
and clear of all liens, encumbrances, claims and interests, with
such liens, encumbrances, claims and interests to attach to the
sale proceeds in the order of priority.

A copy of the Table and the Contract attached to the Motion is
available for free at:

          http://bankrupt.com/misc/417_Rentals_296_Sales.pdf

The Debtor proposes that the proceeds be applied as follows: (i)
first, to the payment of expenses of the sale; (ii) second, to pay
any real estate taxes and assessments outstanding and unpaid at the
time of the sale; (iii) third, to be paid to Simmons Bank towards
satisfaction of the indebtedness owed it by the Debtor; and (iv)
fourth, the balance to be paid to the Debtor's estate.

Counsel for Simmons Bank:

          Jeffery J. Love, Esq.
          MILLINGTON, GLASS, LOVE & YOUNG
          1901 S. Ventura, Suite A
          Springfield, MO 65804

                      About 417 Rentals

Based in Brookline, Missouri, 417 Rentals, LLC, is a privately held
company in the real estate rental service industry.  417 Rentals
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
W.D. Mo. Case No. 17-60935) on Aug. 25, 2017.  Christopher Gatley,
its member, signed the petition.  At the time of the filing, the
Debtor estimated assets and liabilities of $1 million to $10
million.  Ronald S. Weiss, Esq., at Berman, DeLeve, Kuchan &
Chapman, LLC, serves as the Debtor's bankruptcy counsel.  An
official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case.


417 RENTALS: Stefans Buying Billings Property for $170K
-------------------------------------------------------
417 Rentals, LLC, asks the U.S. Bankruptcy Court for the Western
District of Missouri to authorize the sale of the real property
located at 135-227 Sunflower Circle, Billings, Missouri to Robert
and Marilyn Stefan for $170,000.

The Debtor's assets consist of 565 rental units, many of which are
single family dwellings.  These properties are located in the
Springfield, Missouri area.  There are 15 lenders whose liens
encumber most of the properties.  The Debtor's reorganization plan
will seek to refinance certain properties and sell the remaining
properties.  

Among the Debtor's assets is the Property, a multi-unit complex,
encumbered by a Deed of Trust on behalf of First National Bank
("FNB").  A description of the Property subject of the sale,
together with the information concerning the loan balance, interest
rate, taxes and insurance, is included in the Table.

The Property has been listed for sale since May 2017 and since that
date there have been no competing offers to purchase.  The Property
subject of the sale is not necessary for an effective
reorganization.

The Debtor has entered into a contract, subject to Court approval,
with the Purchasers to purchase the Property for the sum of
$170,000 with $1,000 earnest money.  It proposes to sell the
Property free and clear of all liens, encumbrances, claims and
interests, with such liens, encumbrances, claims and interests to
attach to the sale proceeds in the order of priority.

A copy of the Table and the Contract attached to the Motion is
available for free at:

     http://bankrupt.com/misc/417_Rentals_293_Sales.pdf

The Debtor proposes that the proceeds be applied as follows: (i)
first, to the payment of expenses of the sale; (ii) second, to pay
any real estate taxes and assessments outstanding and unpaid at the
time of the sale; (iii) third, the sum of $149,524 to be paid to
FNB in full satisfaction of the indebtedness owed it by the Debtor;
and (iv) fourth, the balance to be paid to the Debtor's estate.

Counsel for FNB:

          Rodney H. Nichols
          SPENCER FANE, LLP
          2144 E. Republic Road, Suite B300
          Springfield, MO 65804

                      About 417 Rentals

Based in Brookline, Missouri, 417 Rentals, LLC, is a privately held
company in the real estate rental service industry.  417 Rentals
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
W.D. Mo. Case No. 17-60935) on Aug. 25, 2017.  Christopher Gatley,
its member, signed the petition.  At the time of the filing, the
Debtor estimated assets and liabilities of $1 million to $10
million.  Ronald S. Weiss, Esq., at Berman, DeLeve, Kuchan &
Chapman, LLC, serves as the Debtor's bankruptcy counsel.  An
official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case.


4356 92ND AVE: Full Payment Without Interest for Unsecureds
-----------------------------------------------------------
4356 92nd Ave, LLC, filed with the U.S. Bankruptcy Court for the
Western District of Washington a disclosure statement to accompany
its plan of reorganization proposed by the Debtor, Patrick A. Price
and Suzanne L. Price, and Custom Cold, LLC.

The Chapter 11 case was filed to provide for the cure of defaults
relating to the Debtor's purchase of the real property and
improvements located at 4356 92nd Avenue in Mercer Island,
Washington. The acquisition and the financing of the Property, as
well as the funding of the cure payments, are intertwined with the
operations of Custom Cold, LLC, a Washington limited liability
company owned and operated by Mr. and Mrs. Price.

Financing for the purchase of the Property was provided by Karen
Jensen and Charles Neff pursuant to certain loan documents that
included an Amended and Restated Promissory Note effective as of
August 12, 2016 in the principal sum of $3,650,000.  The Note was
repayable with interest on the unpaid principal at the rate of
3.50% per annum in monthly installment payments of $10,646
commencing on Sept. 1, 2016 and payable on the 1st day of each
succeeding calendar month.

The Plan provides for the cure of all defaults under the Note, and
for the full payment of all unsecured creditors.

The Note default will be cured through the following payments: a
single payment of $6,120.03 that was paid from October 2017 rent; a
single payment of $10,062.50 that was paid from November 2017 rent;
monthly installments of $10,062.50 each commencing on Jan. 15,
2018, and payable on or before the first of each month thereafter
through June 1, 2018; with the entire Note default to be paid on or
before July 1, 2018. In addition to the existing guarantees of the
Note, Custom Cold will guarantee the payment of the Cure
Obligation, through the execution of a guaranty to be effective
upon the Effective Date of the Plan.

The Cure Obligation would be funded through monies to be
distributed from Custom Cold to Mr. and Mrs. Price, and then
contributed by Mr. and Mrs. Price as capital contributions to the
Debtor, and through rent payments to be made under the Price Lease
Agreement.

Under the Plan, the following events would occur on the Effective
Date, or as soon as practicable thereafter:

   a. The Custom Cold Guarantee would become effective.

   b. The Reorganized Debtor would assume the management of the
assets of the Bankruptcy Estate, subject to the liabilities set
forth in the Plan.

   c. The Reorganized Debtor would pay all allowed administrative
expenses and would establish a reserve for payment of
administrative expenses that have accrued through the Effective
Date but remain subject to allowance.

   d. The Reorganized Debtor would disburse all Effective Date
payments that are due pursuant to the Plan.

   e. The Reorganized Debtor will execute an extension of the Price
Lease Agreement, increasing the rent to the sum of $10,062.50 per
month, and extending the term of the Price Lease Agreement to March
31, 2019, or until the Property is sold, whichever is sooner.

   f. The Reorganized Debtor, if it elects to do so, would be
authorized to sell or refinance the Property to pay the Lenders in
full. The timing and terms of such sale or refinance would be
within the sole discretion of the Reorganized Debtor, subject to
Bankruptcy Court approval, but would occur prior to March 31, 2019.
Any sale of the Property would be exempt from local, state, or
federal taxation on transfer. All proceeds of the sale would be
distributed under the Plan, after payment of normal and usual costs
and expenses of sale.

   g. The claims of General Unsecured Creditors would be paid in
full 30 days of the Effective Date, without interest. All Equity
Interests would be retained by the Members.

A full-text copy of the Disclosure Statement is available at:

        http://bankrupt.com/misc/wawb17-14511-23.pdf

                      About 4356 92nd Ave.

4356 92nd Ave, LLC, which was formed for the purpose of acquiring
and developing property at 4356 92nd Avenue in Mercer Island,
Washington, filed a Chapter 11 petition (Bankr. W.D. Wash. Case No.
17-14511) on Oct. 13, 2017.  In its petition, the Debtor estimated
$1 million to $10 million in both assets and liabilities.  The
petition was signed by Patrick A. Price, its member and authorized
representative.  The Hon. Timothy W. Dore presides over the case.
Barry W. Davidson, Esq., at Davidson Backman Medeiros PLLC, serves
as bankruptcy counsel.


47 HOPS: Unsecured Creditors to Receive $110K Annually Under Plan
-----------------------------------------------------------------
47 Hops LLC filed with the U.S. Bankruptcy Court for the Eastern
District of Washington a disclosure statement accompanying its
proposed chapter 11 plan of reorganization.

The Debtor will pay unsecured creditors in Class 5 $110,000
annually to be shared pro-rata amongst all unsecured creditors.
Because the amount of claims is currently unknown pending
completion of motions to reject contracts and the filing of any
related proofs of claims, the Debtor cannot estimate the percentage
of claims that unsecured creditors will be paid based upon the plan
payments.

The implementation of, and the distributions required under, the
Plan will be accomplished through the Debtor's continuing operation
of its business.

A full-text copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/waeb17-02440-11-266.pdf

                       About 47 Hops LLC

Based in Yakima, Washington, 47 Hops LLC -- https://47hops.com/ --
sells aroma and alpha hops to breweries in 38 countries around the
world.

47 Hops LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Wash. Case No. 17-02440) on Aug. 11, 2017.
Douglas MacKinnon, its president, signed the petition.  At the time
of the filing, the Debtor disclosed $4.3 million in assets and
$7.45 million in liabilities.

Judge Frank L. Kurtz presides over the case.

Catherine J Reny, Esq., and Nathan T. Riordan, Esq., at Wenokur
Riordan PLLC, serve as the Debtor's bankruptcy counsel.

The official committee of unsecured creditors tapped Cairncross &
Hempelmann, P.S., as counsel.

Marcia A. Frey, the examiner of 47 Hops LLC, hired Hillis Clark
Martin & Peterson P.S., as counsel.


6635 W OQUENDO: IRS to be Paid $1.8K Monthly at 4% Over 3 Years
---------------------------------------------------------------
6635 W Oquendo LLC, filed with the U.S. Bankruptcy Court for the
District of Nevada an amended disclosure statement describing its
plan of reorganization filed on Nov. 13, 2017, corrected on Jan. 2,
2018, and amended on Jan. 16, 2018.

The Amended Plan asserts that the Debtor and the Internal Revenue
Service stipulated to the treatment of the IRS lien against the
Debtor's property.

With respect to the Service's tax lien recorded on Aug. 26, 2015 as
Instrument Number 20150826-0001658 in the amount of $46,693.  The
amount owing under the tax lien is $61,699, which the Debtor will
tender regular payments in the amount of $1,830 ($1,830 x 36 months
= $65,898), every month based on an interest rate of 4% for a total
amount of $65,898.  Payments will commence on Feb. 15, 2018, with
the first payment amount of $1,830 and each payment thereafter to
be $1,830 until paid.  Should the underlying taxpayer Ovidiu Ene
pay any amounts towards this tax lien, there will be offset to the
extent of any payments received by the Service from Ene.

A copy of the Amended Disclosure Statement is available at:

            http://bankrupt.com/misc/nvb17-15953-49.pdf

A copy of the Amended Plan is available at:

           http://bankrupt.com/misc/nvb17-15953-50.pdf

                   About 6635 W Oquendo LLC

6635 W Oquendo LLC, was formed on Aug. 11, 2017, for the purpose of
acquiring a property at a trustee sale.  Its current property
portfolio consists of one property and all improvements thereto
located at 6635 W Oquendo Road, Las Vegas, Nevada 89118.  It has
only operated since the acquisition of this property at foreclosure
sale.  It has limited operating history, however, the operations
of
the Debtor are not complex as the only asset is a rental property
that generates gross rental income of $10,000 per month.

6635 W Oquendo LLC filed a Chapter 11 bankruptcy petition (Bankr.
D. Nev. Case No. 17-15953) on Nov. 6, 2017.  The Debtor hired
Andrew J. Van Ness, partner of Hunter Parker, LLC, as counsel.


ALL AMERICAN ROOFING: Iron Horse to Sell Trucks & Forklifts
-----------------------------------------------------------
Iron Horse Auction Company -- josh@ironhorseauction.com -- is
selling pickup trucks, work trucks, forklifts, tools, equipment,
roofing materials and office equipment as part of the liquidation
sale in the Chapter 7 bankruptcy case of All American Roofing,
Inc.

According to Iron Horse's notice, the auction begins closing
Monday, Jan. 29, 2018, at 12 p.m.

All American Roofing, Inc., filed a voluntary Chapter 7 bankruptcy
petition (Bankr. W.D.N.C. Case No. 17-31718) on Oct. 23, 2017,
before the Hon. J Craig Whitley.


ALLIANCE EQUITIES: Will Continue to Operate Business Under Plan
---------------------------------------------------------------
Alliance Equities LLC filed with the U.S. Bankruptcy Court for the
Eastern District of Michigan a disclosure statement in support of
its proposed plan of reorganization dated Jan. 8, 2018.

Alliance is a single member LLC that owns a 23,100 square foot
light industrial warehouse facility located at 2850 Alliance Dr.,
Waterford, MI 48328. The Warehouse is subdivided into 14 separate
units. The Debtor's primary business consists of leasing these
units to various other individuals and entities for light
industrial purposes.  It leases each unit for $600 per month

The Debtor anticipates that all allowed priority claims will be
paid in accordance with the Plan.  The Debtor estimates that the
total of all Allowed Priority Claims is approximately $31,571.  The
Debtor anticipates that all of its other Administrative Claims will
be paid in the ordinary course.  The Debtor estimates its total
amount of Administrative Claims at approximately $31,300.

The Debtor estimates that it owes Unsecured Creditors approximately
$7,085. A listing of the Debtor's Unsecured Creditors is on file
with the Bankruptcy Court.

Under the Plan, the Debtor proposes that it will continue to
operate and conduct business. It proposes that Howard Baum will
remain the sole member and sole individual in charge of operating
the Debtor.  The Debtor does not propose paying Baum a salary or
providing any sort of fringe benefits for the foreseeable future.

A copy of the Disclosure Statement is available for free at:

          http://bankrupt.com/misc/mieb17-57301-21.pdf

                    About Alliance Equities

Alliance Equities LLC is a single member LLC that owns a 23,100
square foot light industrial warehouse facility located at 2850
Alliance Dr., Waterford, MI 48328.

Alliance Equities sought Chapter 11 protection (Bankr. E.D. Mich.
Case No. 17-57301) on Dec. 19, 2017.  

Judge Marci B Mcivor is the case judge.

Counsel for Alliance Equities can be reached at:

          Michael E. Baum
          Kim K. Hillary
          Nicholas R. Marcus
          SCHAFER AND WEINER, PLLC
          40950 Woodward Avenue, Suite 100
          Bloomfield Hills, MI 48304
          Tel: 248-540-3340
          E-mail: Khillary@schaferandweiner.com


ARCON PROPERTIES: Case Summary & Top Unsecured Creditors
--------------------------------------------------------
Affiliates that filed voluntary petitions seeking relief under the
provisions of Chapter 11 of the Bankruptcy Code:

     Debtor                                      Case No.  
     ------                                      --------
     Arcon Properties, LLC                       18-00212
     195 Airport Road
     Selinsgrove, PA 17870

     Arcon Homes, LLC                            18-00213
     195 Airport Road
     Selinsgrove, PA 17870

Type of Business: Arcon Properties listed itself as a Single
                  Asset Real Estate (as defined in 11 U.S.C.
                  Section 101(51B)).

Chapter 11 Petition Date: January 22, 2018

Court: United States Bankruptcy Court
       Middle District of Pennsylvania (Harrisburg)

Judge: Hon. Robert N. Opel II

Debtors' Counsel: Robert E Chernicoff, Esq.
                  CUNNINGHAM, CHERNICOFF & WARSHAWSKY, PC
                  2320 North Second Street
                  Harrisburg, PA 17110
                  Tel: 717 238-6570
                  Fax: 717 238-4809
                  E-mail: rec@cclawpc.com

Assets and Liabilities:

                        Estimated            Estimated
                         Assets             Liabilities
                       -----------          -----------
Arcon Properties   $1 mil.-$10 million   $1 mil.-$10 million
Arcon Homes, LLC  $100,000-$500,000      $1 mil.-$10 million

The petitions were signed by Merrill D. Miller, Jr., member.

Full-text copies of the petitions are available for free at:

            http://bankrupt.com/misc/pamb18-00212.pdf
            http://bankrupt.com/misc/pamb18-00213.pdf

A copy of Arcon Properties' list of six largest unsecured creditors
is available for free at:

       http://bankrupt.com/misc/pamb18-00212_creditors.pdf

A copy of Arcon Homes' list of three largest unsecured creditors is
available for free at:

       http://bankrupt.com/misc/pamb18-00213_creditors.pdf


ATM MIRROR: SMFL Files Limited Objection to Disclosure Statement
----------------------------------------------------------------
Sumitomo Mitsui Finance and Leasing Company, Limited, a secured
creditor of Debtor ATM Mirror, Inc., submitted a limited objection
to the Debtor's disclosure statement dated Nov. 15, 2017.

Prior to the Petition Date, on or about Nov. 18, 2015, the Debtor
entered into a financing and security agreement with SMFL. Pursuant
to the terms of the Financing Agreement, SMFL funded the purchase
of a glass tempering oven by the Debtor. In exchange, the Debtor
agreed to 72 monthly payments to SMFL totaling, approximately,
$6,839.69 each and granted SMFL a lien on the Equipment. The SMFL
Lien was properly perfected on Dec. 2, 2015. Finally, the Financing
Agreement was personally guaranteed by Mr. James Count, President
of the Debtor.

On or about Nov. 9, 2016, in order to provide the Debtor with some
much-needed breathing room during the early stages of the Chapter
11 Case, SMFL agreed, in principle, to amend the terms of the
Financing Agreement, including an adjustment to the Monthly
Payments.

Though the Debtor does include the terms of the Amended Financing
Agreement in the Disclosure Statement and has made payments to SMFL
in accordance with the above schedule, the Amended Financing
Agreement has not been formally accepted by the Debtor. A motion to
approve the Amended Financing Agreement has not been filed, nor do
the Plan or Disclosure Statement provide for the assumption of its
terms. It is axiomatic that a "disclosure statement is necessary to
provide creditors with sufficient information to enable them to
cast an informed vote on the plan."

Based on this, SMFL requests that the Disclosure Statement (and
Plan) be amended to include sufficient information related to the
assumption of the Amended Financing Agreement.

The Troubled Company Reporter previously reported that the Plan
will be funded with the Debtor's available cash on the Confirmation
Date and from the Debtor's ongoing cash flow following the
Confirmation Date.

A full-text copy of SMFL's Limited Objection is available at:

     http://bankrupt.com/misc/nysb16-23276-95.pdf

Counsel to Sumitomo Mitsui Finance and Leasing Company, Limited:

     Tracy L. Klestadt
     Christopher Reilly
     KLESTADT WINTERS JURELLER SOUTHARD & STEVENS, LLP
     200 West 41st St., 17th Fl.
     New York, New York 10036
     Tel: (212) 972-3000
     Fax: (212) 972-2245
     E-mail: tklestadt@klestadt.com

                        About ATM Mirror

ATM Mirror, Inc. is a glass manufacturing and installation company,
installing projects from residential frameless shower doors to
commercial architectural glass such as balconies.  ATM Mirror is a
family-owned business operating since 2005.

ATM Mirror filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y.
Case No. 16-23276) on Sept. 21, 2016, estimating assets and
liabilities of less than $500,000. The petition was signed by James
Count, president Judge Robert D. Drain presides over the case.  

Dawn Kirby, Esq., at DelBello Donnellan Weingarten Wise &
Wiederkehr, LLP, is the Debtor's bankruptcy counsel.  Fino and
Associates is the Debtor's accountant.

No official committee of unsecured creditors has been appointed in
the case.


AUBURN ARMATURE: Unsecureds to be Paid $200K Under Liquidation Plan
-------------------------------------------------------------------
Auburn Armature, Inc., and affiliates filed with the U.S.
Bankruptcy Court for the Northern District of New York a disclosure
statement describing their proposed plan of liquidation, which
provides a mechanism for the prompt distribution of the Debtors'
Assets in full payment of the Patriot Secured Claim and
administrative and priority claims.

Substantially all of the Debtors' operating assets were sold during
the Bankruptcy Cases pursuant to an order of the Bankruptcy Court.
A plan administrator will be appointed to liquidate the Debtors'
remaining Assets to Cash and distribute that Cash and the Cash
remaining from the asset sale to holders of Allowed Claims. The
Debtors' only material non-cash assets are a limited amount of
uncollected accounts receivable, claims against pre-petition
vendors under Chapter 5 of the Bankruptcy Code, and other claims
the Debtors may have relating to the pre-petition and governance of
the Debtors. The Plan provides a release by the Debtors to Patriot
Capital, and exculpation for the Committee and the Debtors for
actions taken during the course of the Bankruptcy Cases. The Plan
also limits the liability of the Plan Administrator and related
parties for actions taken in carrying out the Plan.

All allowed administrative, priority and priority tax claims, as
well as the patriot secured claim will be paid in full.  Allowed
unsecured non-subordinated creditors will be paid a pro-rata share
of approximately $200,000 under the Plan. The Debtors are aware of
approximately $9,000,000 in presently undisputed, non-subordinated
unsecured claims.

The funds remaining after payment of the Patriot Secured Claim,
payment of administrative and priority claims, and the
establishment of an operating reserve will be distributed to
non-subordinated unsecured creditors.

The Debtors will continue in existence after the Effective Date
pursuant to the terms of the Plan and the Debtors’ governance
documents except to the extent that such entity governance
documents are deemed amended by the terms of the Plan, for the
limited purpose of (i) effectuating the terms of the Plan, (ii)
liquidating the Assets, (iii) making distributions in accordance
with the Plan, and (iv) filing appropriate tax returns.

A full-text copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/nynb17-30743-5-218.pdf

                     About Auburn Armature

Based in Auburn, New York, Auburn Armature Inc. --
http://www.aainy.com/-- along with affiliates EASA Acquisition I,
LLC, and EASA Acquisition II, LLC, operates an electric motor
repair service and electrical equipment distribution network in
New York including Binghamton, Rochester, Syracuse, Albany, Auburn,
and Buffalo.

AAI is the sole member of both EASA I and EASA II.  All of AAI's
outstanding stock is owned by Electrical Supply Acquisition, Inc.,
which in turn is owned by DeltaPoint Capital IV, LP and DeltaPoint
Capital IV (New York), LP.

AAI, EASA I and EASA II sought Chapter 11 protection (Bankr.
N.D.N.Y. Lead Case No. 17-30743) on May 19, 2017.  Geoffrey L.
Murphy, president & CEO, signed the petitions.  AAI estimated $10
million to $50 million in assets and debt.

Judge Margaret M. Cangilos-Ruiz presides over the case.  

Menter, Rudin & Trivelpiece, P.C., serves as counsel to the
Debtors.  League Park Advisors is the Debtors' investment banker.

On June 1, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The creditors committee
retained Lowenstein Sandler LLP as counsel.


B E R PRECISION: Plan to Give Unsecureds 100% in 60 Months
----------------------------------------------------------
B E R Precision, Inc., and Thomas Edward Berry filed with the U.S.
Bankruptcy Court for the Southern District of Texas their fourth
amended combined disclosure statement and plan of reorganization
dated Jan. 12, 2018.

Under the Plan, Class 4 general unsecured claims that are not
disputed will receive pro-rata distributions before the expiration
of 60 months, but not before all claims of Classes 1 and 2 are
satisfied. Debtor estimates that the amount of the dividends paid
to this class will total $182,890.  It is estimated that the Class
4 claimants will receive dividends equal to 100 % of each claim at
0% interest.

The previous version of the plan only asserted that Class 4
claimants will receive dividends equal to 100% of each claim.

A full-text copy of the Fourth Amended Combined Disclosure
Statement is available at:

         http://bankrupt.com/misc/txsb16-35232-124.pdf

                  About Thomas Edward Berry and
                         B E R Precision

Thomas Edward Berry is an individual residing at 10111 Aves Street,
Houston, Texas 77034. BER Precision, Inc. is a corporation whose
main offices and machine shop is located at 1100 N. Washington
Avenue, Cleveland Texas 77327.

B E R Precision, Inc., filed a Chapter 11 petition (Bankr. S.D.
Tex. Case No. 17-34371) on July 19, 2017.  Thomas Edward Berry,
managing member, signed the petition.  At the time of filing, the
Debtor estimated assets and liabilities at $100,000 to $500,000
each.

Thomas Edward Berry filed his petition for bankruptcy under Chapter
11 (Bankr. S.D. Tex. Case No. 16-35232) on Oct. 18, 2016.  By order
of the Court on July 26, 2017 the cases are jointly administered.

The Debtors are represented by Larry A. Vick, Esq., at the Law
Offices of Larry A. Vick.



BALDWIN PARK: Unsecureds to Recoup 25% Under Plan
-------------------------------------------------
Creditors Madison Realty Equities, LLC, West Edge Halo, Inc., in
its own capacity and as assignee of the claim of Brentwood
Financial, LLC, Golden Living Health Management, Inc., Daniel
Salceda and Steven Martinson filed a motion asking the U.S.
Bankruptcy Court for the Central District of California for an
entry of an order approving the disclosure statement describing
their chapter 11 plan of reorganization, dated Jan. 15, 2018, for
Baldwin Park Congregate Home, Inc.

The Plan Proponents believe that the Disclosure Statement contains
"adequate information" as contemplated by Section 1125 of the
Bankruptcy Code. The Plan Proponents, therefore, request approval
the Disclosure Statement and authorization to solicit acceptances
of the Creditors Plan.

Under the proposed plan, the reorganized company will continue to
operate but will operate under new ownership.  Basically, the
choice for creditors is whether to proceed as a creditor of a
company under the same ownership as before or under new ownership,
where operations, financial reporting and representations of
creditor payments are reliable.  The Plan Proponent proposes to
make payments to creditors by a combination of cash contributions
and from anticipated future earnings.

The Plan pays the secured claim of the IRS and all priority tax
claims as required by the Bankruptcy Code.  These claims will be
paid over a five-year period as of the March 24, 2017 petition
date, with interest at the Federal Short-Term Rate, plus 3 points,
for an applicable rate of 4.68%, amortized equally over the term of
the Plan.  The Plan estimates that the payments will actually be
paid over a four year period, assuming the Plan will go "Effective"
sometime around the one year anniversary of the Petition Date. All
non-tax related secured claims are held by the Plan Proponents. In
lieu of payments directly on account of the Plan Proponent's
secured claims and unsecured claims, the Plan Proponents are
receiving the stock of the reorganized company. Their secured
claims will be paid from net revenues, after operating expenses and
after payment of the claims under the Plan.  All unsecured claims,
in the amounts either listed by Baldwin in its Schedules of Assets
and Liabilities, or in the amounts filed by creditors in timely
filed proofs of claim or as determined by the Bankruptcy Court as
"Allowed" claims will be paid 25% of the Allowed Amount, paid
twice-annually, unless paid earlier at the election of the Plan
Proponents.

The existing stock ownership of the Debtor will be canceled. The
Plan Proponents will become the new owner and operator of the
Reorganized Debtor. It is likely that the new owner will have the
actual operation of the facility conducted by Congregate Management
Associates, Inc., an entity formed by Mr. Martinson. It is possible
that the new owner may technically be a separate corporation that
will be the manager of a separate limited liability company.
Whether direct or indirect, the new operation will actively be
managed by Mr. Langendoen and Mr. Salceda, with operations overseen
by Mr. Martinson.

A full-text copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/cacb2-17-13634-273.pdf

               About Baldwin Park Congregate Home

Baldwin Park Congregate Home, Inc., owns and operates a skilled
nursing facility in Baldwin Park, California.  

Baldwin Park Congregate Home filed for Chapter 11 bankruptcy
protection (Bankr. C.D. Cal. Case No. 17-13634) on March 24, 2017,
estimating assets in the range of $0 to $50,000 and liabilities of
up to $10 million.  Eileen Cambe, the CEO, signed the petition.
The Hon. Julia W. Brand presides over the case.  

The Debtor is represented by Giovanni Orantes, Esq., of Orantes Law
Firm.

Joseph Rodrigues was appointed Patient Care Ombudsman in the
Chapter 11 case.


BAY CIRCLE: BPCP, et al.'s Bid for Judgment on Pleadings Granted
----------------------------------------------------------------
Bankruptcy Judge Wendy L. Hagenau entered an order granting the
motion for judgment on the pleadings filed by Bay Point Capital
Partners, LP, Bay Point Advisors LLC, and Charles Andros in the
case captioned CHITTRANJAN "CHUCK" THAKKAR AND DCT SYSTEMS GROUP
LLC, Plaintiffs, v. BAY POINT CAPITAL PARTNERS, LP, BAY POINT
ADVISORS LLC, CHARLES ADROS, JOHN DOE 1, AND JOHN DOE 2,
Defendants, Adversary Proceeding No. 17-5248-WLH (Bankr. N.D.
Ga.).

Mr. Thakkar and affiliated entities obtained loans from Wells
Fargo. On May 4, 2015, five companies affiliated with Mr. Thakkar
filed chapter 11 bankruptcy: Bay Circle Properties LLC; DCT Systems
Group LLC; Sugarloaf Centre LLC; Nilhan Developers LLC; and NRCT
LLC. The cases are being jointly administered under case number
15-58440-WLH, In re Bay Circle Properties, LLC.

Debtors owed over $11 million to Wells Fargo. On Nov. 18, 2015, Mr.
Thakkar and Wells Fargo entered into a settlement agreement
regarding the unpaid loans. Under the terms of the Settlement
Agreement, Debtors were required to repay the outstanding balance
on loans and to execute deeds in lieu of foreclosure as to real
property at 5100 and 5150 Peachtree Industrial Boulevard, Norcross,
Georgia. The deeds in lieu were transferred to Wells Fargo to be
held in escrow. The maturity date of the Settlement Agreement was
May 1, 2017, though the Settlement Agreement provided for a five
business day cure period. A First Amendment to Settlement Agreement
was entered on Jan. 8, 2016, and the Court approved the Settlement
Agreement on Jan. 13, 2016. A Second Amendment to Settlement
Agreement was dated April 7, 2016.

Pursuant to a Loan Purchase and Sale Agreement, dated March 24,
2016, Bay Point Capital Partners LP acquired the loans from Wells
Fargo. Plaintiffs paid Bay Point CP in part, and approximately $2.7
million remained outstanding.

Plaintiffs allege that Defendants violated the duty of good faith
inherent in all contracts by choosing to foreclose instead of
pursuing other remedies. Movants contend that they are entitled to
judgment on the pleadings because Georgia does not recognize an
independent cause of action for violation of a good faith duty in
the performance of a contract. Movants also contend that they did
not violate the duty of good faith because they not only followed
the Settlement Agreement and related loan documents, but they also
sought for and received Court approval to foreclose. The Court
finds that judgment on the pleadings for Movants is appropriate
because, under Georgia law, there is no independent cause of action
for a breach of the duty of good faith.

Plaintiffs contend that the September foreclosure sale was wrongful
because they had tendered full payment to Bay Point CP prior to the
sale and that Bay Point CP refused the valid tender of payment in
full. Movants state that the purported tender was neither proper
nor timely. The Court finds that Plaintiffs failed to provide a
proper tender of the debt due to Bay Point CP and that,
accordingly, their claim for wrongful foreclosure fails and Movants
are entitled to judgment as a matter of law on Count V of the
Verified Complaint.

Plaintiffs also state that several items of DCT's personal property
remain in the Property and that Bay Point CP has wrongfully taken
possession of the personal property. Movants state that Plaintiffs'
conversion claim fails as a matter of law because Plaintiffs have
not shown title to the property and have not demanded that the
property be returned. The Court finds Plaintiffs failed to plead
the elements of conversion under Georgia law and that Movants are
therefore entitled to judgment as a matter of law on Count VI of
the Verified Complaint.

For these reasons, the Court finds there are no material facts in
dispute and Movants are entitled to judgment as a matter of law.

A full-text copy of Judge Hagenau's Order dated Jan. 12, 2018 is
available at https://is.gd/BXNbNp from Leagle.com.

                 About Bay Circle Properties

Bay Circle Properties, LLC, DCT Systems Group, LLC, Sugarloaf
Centre, LLC, Nilhan Developers, LLC, and NRCT, LLC, own 16
different real properties including significant undeveloped
acreage.  The properties also include office/warehouse buildings,
retail shopping centers and free standing single tenant buildings.

Bay Circle Properties, et al., filed Chapter 11 bankruptcy
petitions (Bankr. N.D. Ga. Case Nos. 15-58440 to 15-58444) on May
4, 2015.  The Chapter 11 cases are jointly administered.  Chuck
Thakkar, manager, signed the petitions.  The Debtors estimated $1
million to $10 million in both assets and liabilities.

The Debtors tapped John A. Christy, Esq., J. Carole Thompson Hord,
Esq., and Jonathan A. Akins, Esq., at Schreeder, Wheeler & Flint,
LLP, as bankruptcy attorneys.  The Debtors engaged RG Real Estate,
Inc., as real estate broker.

No trustee has been appointed and the Debtors are operating their
businesses as debtors-in-possession.


BCR EQUIPMENT: $57K Sale of 2016 Chevrolet Silverado to Meador OK'd
-------------------------------------------------------------------
Judge Mark X. Mullin of the U.S. Bankruptcy Court for the Northern
District of Texas authorized BCR Equipment Rental, LLC's sale of
interest in its 2016 Chevrolet Silverado K3500, VIN#
1GC4K0C84GF176943, to Meador Dodge Chrysler Jeep for $56,800.

Once Wells Fargo Dealer Services receives the monies to pay their
claim in full, Wells Fargo will cause a clear and free of all liens
title to the Buyer.

The 14-day appeal time is waived.

                    About BCR Equipment Rental

Based in Fort Worth, Texas, BCR Equipment Rental LLC filed a
Chapter 11 petition (Bankr. N.D. Tex. Case No. 17-44202) on Oct.
14, 2017.  The Debtor estimated both assets and liabilities to be
less than $1 million.  Craig Douglas Davis at Davis, Ermis &
Roberts, P.C., is the Debtor's counsel.


BCR EQUIPMENT: Meador Buying 2016 Chevrolet Silverado for $57K
--------------------------------------------------------------
BCR Equipment Rental, LLC, asks the U.S. Bankruptcy Court for the
Northern District of Texas to authorize the sale of interest in its
2016 Chevrolet Silverado K3500, VIN# 1GC4K0C84GF176943, to Meador
Dodge Chrysler Jeep for $56,800.

The Debtor wishes to sell the vehicle free and clear of the Wells
Fargo Dealer Services lien to Buyer.  There is no equity in the
vehicle, therefore the Debtor's creditors, other than Wells Fargo
Dealer Services, will not be interested in the transaction.

Wells Fargo Dealer Services lien will be paid in full and the title
will be released to the Buyer.

The Buyer:

          MEADOR DODGE CHRYSLER JEEP
          9501 South Fwy
          Forth Worth, TX 76140
          Telephone: (817) 535-0535

                   About BCR Equipment Rental

Based in Fort Worth, Texas, BCR Equipment Rental LLC filed a
Chapter 11 petition (Bankr. N.D. Tex. Case No. 17-44202) on Oct.
14, 2017.  The Debtor estimated both assets and liabilities to be
less than $1 million.  Craig Douglas Davis at Davis, Ermis &
Roberts, P.C., is the Debtor's counsel.


BEERCO LIMITED: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: BeerCo Limited LLC
           aka BeerCo Restaurant LLC
           aka Belgian Beer Cafe
        220 5th Avenue
        New York, NY 10001-7708

Business Description: BeerCo Limited LLC is a Nevada limited
                      liability company which operates a "Belgian
                      Beer Cafe" style restaurant with a seating
                      capacity of 245 patrons.  The Restaurant
                      operates at 220 Fifth Avenue, New York, NY
                      pursuant to a commercial lease and a
                      franchise and co-operation agreement with a
                      Belgian-based company known as Creneua
                      International NV, located in Hasselt,
                      Belgium.

Chapter 11 Petition Date: January 22, 2018

Case No.: 18-10150

Court: United States Bankruptcy Court
       Southern District of New York (Manhattan)

Judge: Hon. James L. Garrity Jr.

Debtor's Counsel: Ted J. Donovan, Esq.
                  GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP
                  1501 Broadway, 22nd Floor
                  New York, NY 10036
                  Tel: (212)-221-5700
                  Fax: 212-422-6836
                  E-mail: TDonovan@GWFGlaw.com
                         knash@gwfglaw.com

Total Assets: $2.18 million

Total Liabilities: $420,588

The petition was signed by Skel Islamaj, managing member.

A full-text copy of the petition, containing a list of the Debtor's
20 largest unsecured creditors, is available for free at:

            http://bankrupt.com/misc/nysb18-10150.pdf


BELK INC: Bank Debt Trades at 17.21% Off
----------------------------------------
Participations in a syndicated loan under which BELK Inc is a
borrower traded in the secondary market at 82.79
cents-on-the-dollar during the week ended Friday, January 12, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.74 percentage points from the
previous week.  BELK Inc pays 475 basis points above LIBOR to
borrow under the $1.500 billion facility. The bank loan matures on
Dec. 10, 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 January 12.


BERRY GLOBAL: S&P Rates Proposed $400MM Second-Lien Notes 'BB-'
---------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '5'
recovery rating to Evansville, Ind.-based Berry Global Inc.'s
proposed $400 million second-lien senior secured notes due 2026.
The '5' recovery rating indicates our expectation for modest
(10%-30%; rounded estimate: 20%) recovery in the event of a payment
default.

All of S&P's other ratings on Berry Global remain unchanged.

The company will use the proceeds from these notes to fund its $475
million acquisition of Clopay Plastics Products.

S&P said, "Our corporate credit rating on Berry Global reflects the
company's established position as a global leader in the design and
manufacture of engineered materials, non-woven specialty materials,
and consumer packaging products. The company had sales of
approximately $7.1 billion as of the end of fiscal-year 2017 and
offers its products and services to over 18,000 customers in
various end markets, including food and beverage, personal and
health care, industrials, and consumer products. We expect that
Berry's adjusted debt-to-EBITDA metric will remain below 4x over
the next 12 months, which is consistent with our current rating."

  RATINGS LIST

  Berry Global Inc.
  Corporate Credit Rating          BB/Positive/--

  New Rating

  Berry Global Inc.
   Senior Secured
    $400M 2nd-Ln Nts Due 2026      BB-
     Recovery Rating               5(20%)


BLACK SQUARE: Feb. 13 Approval Hearing on Plan Disclosures Set
--------------------------------------------------------------
Judge John K. Olson of the U.S. Bankruptcy Court for the Southern
District of Florida will convene a hearing on Feb. 13, 2018 at
10:30 a.m. to consider approval of Black Square Financial, LLC's
disclosure statement filed on Jan. 5, 2018.

The last day for filing and serving objections to the disclosure
statement is Feb. 6, 2018.

The Troubled Company Reporter previously reported that holders of
Class 5 Allowed General Unsecured Claims will be paid the full
amount of their Allowed Claim in 24 equal monthly payments, with
interest accruing at a rate of 5% per annum, commencing within 30
days of the Effective Date, unless the holder of the non-Insider
Allowed General Unsecured Claim has been paid prior to the
Effective Date or agrees to a different treatment.

A copy of the Disclosure Statement is available at:

        http://bankrupt.com/misc/flsb17-23562-58.pdf   

                 About Black Square Financial

Headquartered in Coral Springs, Florida, Black Square Financial,
LLC, filed for Chapter 11 bankruptcy protection (Bankr. S.D. Fla.
Case No. 16-23562) on Nov. 8, 2017, estimating its assets at
between $100,001 and $500,000 and its liabilities at between
$500,001 and $1 million.  Philip J Landau, Esq., at Shraiberg
Landau & Page PA, serves as the Debtor's bankruptcy counsel.


BLACKSANDS PETROLEUM: Gets Out of Oil Exploration Business
----------------------------------------------------------
Blacksands Petroleum, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K reporting net income of
$0 on $0 of revenue for the year ended Oct. 31, 2016, compared to
net income of $6.16 million on $0 of revenue for the year ended
Oct. 31, 2015.

As of Oct. 31, 2016, Blacksands had $0 in total assets, $0 in total
liabilities and $0 in total stockholders' deficiency.

The Company has no cash or other assets as of Oct. 31, 2016 since
operations have ceased after April 2015.

"We have no assets nor liabilities as of the date of this filing.
All assets and liabilities which existed prior to the cessation of
operations were either abandoned or discharged by court order
through the receivership process," said Blacksands.

"Our preferred and common shares are still outstanding.  There were
no changes in issued our outstanding preferred or common shares, or
the related additional paid in capital, for any of the periods
presented in this comprehensive Form 10-K.  Our accumulated deficit
of $28,782,851 at the end of each fiscal year and interim period
presented in this comprehensive Form 10-K offset all paid-in
capital accounts resulting in no financial position."

There were no cash flows from operations for the years ended Oct.
31, 2016 nor 2015.  Discontinued operations used $0.00 and $449,688
for the years ended Oct. 31, 2016 and 2015, respectively. Prior to
the discontinuance of operations which took place in April of 2015,
prior management used cash in investing activities by acquiring oil
and gas properties totaling $229,252.  There have been no investing
activities since the Company discontinued operations.

The Company's plan is to raise additional capital in order to seek
a viable business to acquire.  However, the Company cannot assure
that it will accomplish this task and there are many factors that
may prevent the Company from reaching its goal of profitability.

Thayer O'Neal Company, LLC, in Houston, Texas, issued a "going
concern" qualification in its report on the consolidated financial
statements for the year ended Oct. 31, 2016, noting that the
Company has suffered recurring losses from operations and negative
cash flows from operating activities that raise substantial doubt
about its ability to continue as a going concern.

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

                       https://is.gd/gS6cQ2

                    About Blacksands Petroleum

Based in Castlerock, Colorado, Blacksands Petroleum, Inc. was
formerly an oil and natural gas company engaged in the exploration
for, and the acquisition, development and production of, oil and
natural gas reserves in the U.S.  The Company formerly pursued
exploration, development and exploitation drilling, complimented
with property or corporate acquisitions exhibiting synergy in
lands, facilities, production and operating efficiencies.
Blacksands' operations were conducted through its subsidiaries,
including its wholly-owned subsidiaries, Blacksands Petroleum Texas
LLC, NRG Assets Management LLC and Copano Bay Holdings, LLC as well
as ApClark LLC and Access Energy Inc., of which the Company owns
100% of the voting interests.


BOISE GUN: Bankr. Court Rejects Bid to Modify Chapter 11 Plan
-------------------------------------------------------------
In the bankruptcy case in re: BOISE GUN COMPANY, INC., Chapter 11,
Debtor, Case No. 15-01389-TLM (Bankr. D. Idaho), Chief Bankruptcy
Judge Terry L. Myers denied Debtor Boise Gun Company, Inc.'s motion
to modify its Chapter 11 Plan and denied creditor Zions First
National Bank's motion to enforce plan.

The Debtor filed its petition commencing its chapter 11 case on
Oct. 23, 2015. The Debtor's Chapter 11 Plan was confirmed by order
entered Feb. 1, 2017.

On Nov. 20, 2017, the Debtor filed a motion to modify its Chapter
11 Plan. The Motion was opposed by creditor Zions First National
Bank and by the United States Trustee.  Creditor Sports, Inc.
supported the motion "provided that the motion meets the requisites
of the Bankruptcy Code[.]"

Relying essentially on a budget attached to the Motion, Debtor
argues, and a principal of Debtor testified, that if the
modifications are approved, the Debtor will be able to meet the
altered payment and loan-to-value requirements.

Section 1127(b) limits potential modification of a confirmed plan
to the period "before substantial consummation of such plan[.]" As
this Court has noted in In re Stevenson, "the first issue is
whether the present plan has been substantially consummated, since
substantial consummation precludes further attempts at material
modification." "Substantial consummation" is defined in section
1101(2) and consists of a three-part test. That section provides:

substantial consummation means--

(A) transfer of all or substantially all of the property proposed
by the plan to be transferred;

(B) assumption by the debtor or by the successor to the debtor
under the plan of the business or of the management of all or
substantially all of the property dealt with by the plan; and

(C) commencement of distribution under the plan.

Though conceding sections 1101(2)(A) and (B) are met, Debtor argues
section 1101(2)(C) is not. Debtor contends that, so long as
payments to one designated class have not commenced per the Plan's
terms, there is no substantial consummation. No direct authority
for that proposition was provided. Further, none of the cases
relied upon by Debtor come close to announcing a rule that negates
a finding under section 1101(2)(C) simply because one class out of
several has not yet received payments. And the Court finds the
arguments made in favor of such an interpretation strained and
unpersuasive.

In Stevenson, where payments had commenced on two of three loans
the debtor had with FCB, this Court rejected the argument that the
absence of commencement of payments on a third loan defeated
substantial consummation. Similarly, this Court finds and concludes
that the Plan has been substantially consummated where Debtor has
commenced making payments under the Plan to five of the six classes
of creditors. As a result, modification under section 1127(b) is
unavailable. Debtor's motion is denied.

Zions' objection to modification was coupled with a motion to
"enforce" the Plan. It requests the Court find Debtor to be in
default and require Debtor to turn over all pledged collateral
securing the indebtedness owed to Zions.

Here, Debtor's Plan was confirmed. The Plan, consistent with
section 1141(d), provided that confirmation discharged Debtor from
all preconfirmation debts. In addition, all estate property vested
in Debtor, subject to the Plan. Debtor's pre-existing obligations
to creditors, including Zions, were replaced with those set out in
the Plan. In short, the Plan's provisions and terms are binding on
Debtor.

Zions has an enforceable obligation against Debtor, as defined and
specified in the Plan. Given Debtor's default, Zions can avail
itself of appropriate non-bankruptcy law processes and remedies,
and the Court need not be involved. Therefore, Zions' "motion to
enforce" is denied.

A full-text copy of Judge Myers' Memorandum of Decision is
available at https://is.gd/pgEjZ4 from Leagle.com.

Boise Gun Company, Inc., Debtor, represented by Matthew Todd
Christensen, Angstman Johnson, PLLC.

US Trustee, U.S. Trustee, represented by Brett R. Cahoon, OFFICE OF
THE US TRUSTEE US DEPT.

                 About Boise Gun Company, Inc.

Boise Gun Company, Inc., based in Garden City, Idaho, filed a
chapter 11 petition (Bankr. D. Idaho Case No. 15-01389) on Oct. 23,
2015.  The petition was signed by Jason Hopper, vice president.
The case is assigned to Judge Terry L. Myers.  The Debtor is
represented by Matthew T. Christensen, Esq., at Angstman Johnson,
PLLC.  The Debtor disclosed $3.85 million in assets and $4.14
million in liabilities at the time of the filing.


BORIS KHINKIS: Cohens Buying Mahwah Property for $750K
------------------------------------------------------
Boris Khinkis asks the U.S. Bankruptcy Court for the District of
New Jersey to authorize the sale of real property located at 10
North Bayard Lane, Mahwah, New Jersey, to Kenneth and Antonietta
Cohen for $750,000.

A hearing on the Motion is set for Feb. 20, 2018, at 10:00 a.m.

The Debtor's case was commenced on the eve of a foreclosure sale
concerning the Property, a 2,816 square foot single-family
residential home.

The Property may be encumbered by certain other liens as set forth
in detail in the title report.

The Liens that may encumber the Property include:

     a. Any and all unpaid property taxes;

     b. Any and all unpaid municipal charges for water and/or
sewer;

     c. Tax Lien Certificate held by Trystone Capital Assets, LLC;

     d. Mortgage lien owed to Santander Bank, N.A. in the amount of
$230,805;

     e. Mortgage lien owed to Metro Real Estate Holding, LLC. in
the amount of $250,000;

     f. Mortgage lien owed to Chase Mortgage in the amount of
$138,673 (Mortgage has been assigned to Deutsche Bank National
Trust Company – recorded on 12/22/2017);

     g. UCC-1 lien held by the Law Office of Andrew D. Schildiner,
Esq.;

     h. Judgments docketed with the Superior Court of New Jersey:
(i) Albert & Gregory Shinder – Judgment No.: J-251980-2013; (ii)
Petrocom Energy Group, LLC – Judgment No.: DJ-005626-2014; (iii)
Phillips 66 Company – Judgment No.: J-061101-2015; (iv) Santander
Bank, N.A. – Judgment No.: J-148601-2014; (v) Santander Bank,
N.A. – Judgment No.: J-225842-2014; and (vi) Sterling National
Bank – Judgment No.: J-054257-2014; and

     i. The joint tenancy ownership rights of Yulia Khinkis.

The Property was originally listed by Keller Williams Village
Square Realty for $849,000 on Sept. 13, 2017.  Since September
2017, the listing price was periodically lowered, and was last
listed at $770,000 on Oct. 13, 2017.

Subject to Court authorization, the Debtor has entered into the
Purchase Agreement of Sale for Real Estate to purchase the Property
for a purchase price of $750,000 with the Buyers, free and clear of
any and all liens, claims or interests.  Since the execution of the
Purchase Agreement and as a result of the Purchasers' inspection,
the Debtor and non-filing spouse have provided the Purchasers with
a credit of $3,500 to the Purchasers to address any post-inspection
issues with the Property.  The final purchase price will be
$746,500.

The pertinent terms of the Purchase Agreement are:

     a. The Purchase Agreement provides for a $750,000 purchase
price with an initial deposit of $18,500 due three days from home
inspection and a second deposit of $18,500 due three days from
bankruptcy court authorization.

     b. The closing is anticipated to occur by Jan. 15, 2018 or 60
days from conclusion of receipt of approval for sale, whichever
date is later.

     c. The performance of the Purchasers is contingent on
obtaining of a mortgage commitment in the amount of $600,000.

     d. The Buyers will give the Seller 90 days to obtain Court
approval.  If approval has not been received in 90 days, the Buyers
will (i) extend to the Seller a reasonable amount of time to
finalize the approval or (ii) cancel the Purchase Agreement and
they'll be entitled to the return of the earnest money deposit.

     e. All representations made by the Seller in the Purchase
Agreement, any riders or addenda to the Purchase Agreement, and any
attorney review letters, are made to the best of the Seller's
knowledge, information and belief and will not survive closing of
title.

     f. The Seller assumes risk of loss or damage to the subject
premises by fire or otherwise until closing.  In case the premises
should suffer damage beyond normal wear and tear, he will repair or
agree to provide at closing an agreed upon amount of a credit for
said damage prior to closing.  In the case where the cost of
repairs exceeds 10% of the purchase price, the parties may attempt
to negotiate a resolution and if one cannot be made, either party
may cancel the Purchase Agreement and all deposit monies will be
returned.

     g. All waivers must be in writing.  Any deposit monies paid by
or on behalf of Buyer will be refunded in full to the Buyers should
either party declare the Purchase Agreement null and void in
conformity with the Purchase Agreement.  In the event one of the
parties to the agreement will default, the other party will have
such remedies as may be provided by law and equity.

For the efforts of the Debtor's counsel and the real estate
professionals, the secured creditors would not have realized any
sale proceeds until the eventual foreclosure sale and would not
have benefited from the marketing campaign performed by the
Realtor.  Thus, the Debtor asks the Court to allow the
professionals fees be paid from the sale proceeds.

A sound business reason exists because the sale of the Property
will yield net proceeds to the unsecured creditors, following
payment for all allowed secured and priority claims in accordance
with section 507(a) of the Bankruptcy Code.  Accordingly, the
Debtor asks the Court to approve the relief sought.

The Debtor asks the Court to waive the 14-day stay period pursuant
to Bankruptcy Rules 6004(h).

Counsel for Debtor:

          David L. Stevens, Esq.
          SCURA, WIGFIELD HEYER,
          STEVENS & CAMMAROTA, LLP
          1599 Hamburg Turnpike
          Wayne, NJ 07470
          Telephone: (973) 696-8391
          E-mail: dstevens@scuramealey.com

Boris Khinkis sought Chapter 11 protection (Bankr. D.N.J. Case No.
17-25289) on July 28, 2017.  The Debtor tapped David L. Stevens,
Esq., at Scura, Wigfield, Heyer & Stevens as counsel.  On Sept. 21,
2017, the Court appointed Keller Williams Village Square Realty to
assist with the sale of Debtor's property.


BUCKEYE PARTNERS: Fitch Rates Jr. Subordinated Notes Due 2078 'BB'
------------------------------------------------------------------
Fitch Ratings affirms Buckeye Partners, LP's Long-term Issuer
Default Rating (IDR) and senior unsecured rating at 'BBB-'. Fitch
also assigns a 'BB' rating to Buckeye's proposed offering of junior
subordinated notes due 2078. Proceeds from the offering are
expected to be used to repay borrowings under Buckeye's revolving
credit facility and for general partnership purposes. Fitch applies
50% equity credit to the junior subordinated note offering. The
Rating Outlook is Stable.

KEY RATING DRIVERS

Size, Scale and Stability: Buckeye's ratings are based on the
partnership's size, geographic diversity, and ability to invest in
growth opportunities that should create future increases in EBITDA
and distributable cash flows. Past acquisitions and strategic
growth capex initiatives have driven EBITDA substantially over the
past few years. Buckeye estimates that over 95% of its EBITDA for
the LTM ending Sept. 30, 2017 came from fee-based activities,
providing a fair amount of comfort around cash flow and earnings
stability.

Asset Diversity: The ratings are also supported by geographically
diverse assets, which are largely located in the Gulf Coast, New
York Harbor, Chicago, and the Caribbean. The VTTI, B.V. acquisition
in January 2017 added assets that are focused in Northwest Europe,
the United Arab Emirates and the Singapore harbor, as well as other
locales. The partnership's cash flows are largely derived from two
segments: domestic pipelines and terminals and global marine
terminals. The additional acquisition of VTTI's master limited
partnership in September 2017 helped to simplified VTTI's structure
and is expected to enhance accretion to Buckeye.

Acquisitive Nature: While concerns include the partnership's
acquisitive nature, Buckeye has historically demonstrated its
ability to fund growth and acquisitions with a combination of debt
and equity in order to manage the impact to the balance sheet.
Buckeye will be structurally subordinated to approximately $800
million of non-recourse debt at VTTI. Fitch does not typically
consolidate non-consolidated, non-recourse joint ventures. Instead,
Fitch typically adjusts EBITDA for cash distributions received from
any non-consolidated interests.

Leverage and Distribution Coverage: Fitch expects leverage of 4.5x
to 4.8x for year-end 2017, trending down closer to 4.5x in 2018 and
2019. Distribution coverage should remain above 1.0x for the
forecast period. The distribution coverage ratio is expected to
remain in a range of 1.0x to 1.1x, which is adequate. However, if
coverage falls below this range, Fitch would have concerns about
how the shortfall would be funded.

DERIVATION SUMMARY

Buckeye has reasonable leverage for a 'BBB-' rating relative to
other crude oil and refined product pipeline peers such as Plains
All American LP (PAA). Fitch expects Buckeye to have 2017 leverage
in the range of 4.5x to 4.8x while PAA is expected to have leverage
above 5.0x for 2017, which is high for a 'BBB-' rating.

Cash flows are steady and Buckeye estimates that over 95% of
adjusted EBITDA for the LTM ending Sept. 30, 2017 came from
fee-based activities. Buckeye has a higher percentage of fee-based
cash flows versus PAA which is estimated to be approximately 90%.
However, PAA is a larger and more diverse MLP than Buckeye. Buckeye
is also smaller and less diverse than similarly rated MPLX LP which
has lower leverage and a strong sponsor. Growth at MPLX is expected
to be significant given dropdowns from its parent and organic
growth opportunities in the more volatile gathering and processing
segment.

KEY ASSUMPTIONS

Fitch's key assumptions within Fitch rating case for the issuer
include:

-- EBITDA and distributable cash flow continue to increase as new

    projects come online;

-- Higher distributable cash flow will allow the partnership to
    increase distributions at a modest pace in the near term while

    maintaining a distribution coverage ratio in the range of 1.0-
    1.1x;

-- Growth capex for 2017 is assumed to be $270 million, the
    midpoint of management's guidance;

-- 50% equity credit applied to the junior subordinated notes;

-- Maintenance capex modestly increase in each progressing year.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action

-- Positive rating action is not anticipated in the near to medium
term. However, Fitch may take positive rating action if leverage
falls below 4.0x on a sustained basis.

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action

-- Reduced liquidity;
-- Inability to meet growth expectations associated with past
    acquisitions or with expansion projects given Buckeye's
    substantial spending;
-- A significant rise in capex or acquisitions not funded in a
    balanced way;
-- Increased leverage above 5.0x on a sustained basis and
    distribution coverage below 1.0x over a sustained period of
    time.

LIQUIDITY

Adequate liquidity: As of Sept. 30, 2017, Buckeye had over roughly
$820 million of liquidity. Cash on the balance sheet was $7.9
million. The partnership had $814 million of borrowing capacity on
its $1.5 billion unsecured revolver. In September 2016, Buckeye
extended the credit facility by a year to September 2021. Its
revolver will consequently be $1.5 billion through September 2020
and $1.4 billion from September 2020 until September 2021. BPL had
a $300 million January 2018 maturity. Proceeds from this proposed
offering are expected to be used to repay revolver borrowings and
for general partnership purposes.

Borrowers on the revolver are Buckeye Partners, L.P. (BPL), and its
indirect wholly-owned subsidiaries Buckeye Energy Services LLC
(BES), Buckeye Caribbean Terminals LLC (BCT), and Buckeye West
Indies Holdings LP (BWIH). BES, BCT and BWIH are collectively
referred to as Buckeye Merchant Services Companies (BMSC). BMSC can
borrow up to $500 million on the $1.5 billion revolver for letters
of credit (LOCs) and swingline loans. In aggregate for all four
borrowers, LOCs cannot exceed $500 million and swingline loans
cannot exceed $150 million.

At the end of any quarter, bank defined leverage cannot exceed 5x.
If in any quarter, there has been an acquisition of $50 million or
more, or if acquisitions have been $100 million or more in the
prior 12 months, then leverage cannot exceed 5.5x for four
consecutive quarters, including the quarter in which the
acquisition takes place. The bank definition of leverage is
adjusted for the covenant calculations. For the bank definition of
debt, there are adjustments. The debt balance is reduced by
borrowings of BMSC subject to certain limitations. Like other MLP
bank definitions for EBITDA, it is adjusted for acquisitions and
material projects. As of Sept. 30, 2017 Buckeye was in compliance
with all of its revolver and term loan covenants.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following rating:

Buckeye Partners, LP
-- Junior subordinated notes due 2078 'BB' .

Fitch has affirmed the following ratings:

-- Long-term IDR at 'BBB-';
-- Senior unsecured debt at 'BBB-'.

The Rating Outlook is Stable.


CALIFORNIA RESOURCES: Robert Barnes Transitioning to Advisor Role
-----------------------------------------------------------------
Effective Jan. 16, 2018, Robert A. Barnes will transition from his
current role as executive vice president - operations to the
non-officer role of senior executive advisor.  This move is part of
the Company's succession planning as Mr. Barnes prepares for
retirement from the Company.  Mr. Barnes will assist in
transitioning his current responsibilities to other members of the
Company's management team, according to a Form 8-K filed with the
Securities and Exchange Commission.

                   About California Resources
  
California Resources Corporation -- http://www.crc.com/-- is an
independent oil and natural gas exploration and production company
operating properties exclusively within the State of California.
The Company was incorporated in Delaware as a wholly-owned
subsidiary of Occidental on April 23, 2014, and remained a
wholly-owned subsidiary of Occidental until if was spun off.  On
Nov. 30, 2014, Occidental distributed shares of the Company's
common stock on a pro rata basis to Occidental stockholders and the
Company became an independent, publicly traded company, referred to
in the annual report as the Spin-off.  Occidental retained
approximately 18.5% of the Company's outstanding shares of common
stock which it has stated it intends to divest on March 24, 2016.
The Company is headquartered in Based in Los Angeles, California.

California Resources reported net income of $279 million for the
year ended Dec. 31, 2016, compared to a net loss of $3.55 billion
for the year ended Dec. 31, 2015.  As of Sept. 30, 2017, California
Resources had $6.18 billion in total assets, $6.75 billion in total
liabilities and a total deficit of $574 million.

                          *     *     *

As reported by the TCR on Nov. 14, 2017, S&P Global Ratings
affirmed its 'CCC+' corporate credit rating on Los Angeles-based
exploration and production company California Resources Corp (CRC).
The outlook is negative.  "The affirmation of the 'CCC+' corporate
credit rating on CRC reflects our assessment of the company's
improving, but still weak financial measures combined with
increased capital spending that should stem production declines
following a tumultuous 2016.

In November 2017, Moody's Investors Service upgraded California
Resources' Corporate Family Rating (CFR) to 'Caa1' from 'Caa2' and
Probability of Default Rating (PDR) to 'Caa1-PD' from 'Caa2-PD'.
The upgrade of CRC's CFR to 'Caa1' and stable outlook reflects
CRC's improved liquidity and the likelihood that it will have
sufficient liquidity to support its operations for at least the
next two years at current commodity prices.


CARL WEBER: Delay in Counsel Retention OK Stalls Plan Filing
------------------------------------------------------------
Carl Weber Green Properties, LLC, asks the U.S. Bankruptcy Court
for the District of New Jersey to extend the exclusive period
during which only the Debtor can file a plan of reorganization to
March 19, 2018, from Jan. 18, 2018.

A hearing to consider the Debtor's request is set for Feb. 6, 2018,
at 10:00 a.m.

Carl Weber Green is currently preparing its Chapter 11 plan of
reorganization and disclosure statement.  There has been no
appointment of a creditor's committee in this case and the
professionals are still in the process of being retained.  The
Debtor is pursuing potential resolutions with various parties and
creditors.

The Debtor says that the extension is warranted because it is in
the process of preparing a Chapter 11 plan of liquidation.

According to the Debtor, a delay in preparing and filing the plan
has been caused by the delay in approval of the Debtor's
application to retain counsel.  The Debtor fully expects this issue
to be rectified this week.  Once counsel is approved, the Debtor's
counsel will assist in preparing and filing the proposed plan.

A copy of the Debtor's request is available at:

         http://bankrupt.com/misc/njb17-29110-48.pdf

              About Carl Weber Green Properties

Carl Weber Green Properties, LLC, is affiliated with 3490RT94, LLC,
which sought bankruptcy protection (Bankr. D.N.J. Case No.
16-32067) on Nov. 17, 2016.  3490RT94 listed its business as a
single asset real estate.

Carl Weber sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.N.J. Case No. 17-29110) on Sept. 20, 2017.  Philip
Sivin, its manager, signed the petition.  At the time of the
filing, the Debtor estimated assets of $1 million to $10 million
and liabilities of less than $1 million.

GIORDANO, HALLERAN & CIESLA, P.C., serves as counsel to the Debtor.


CARTEL MANAGEMENT: $7K Sale of Two 2015 Yamaha Model VXs Approved
-----------------------------------------------------------------
Judge Deborah J. Saltzman of the U.S. Bankruptcy Court for the
Central District of California authorized Cartel Management, Inc.
and Titans of Mavericks, LLC to sell of two personal watercraft:
(i) 2015 Yamaha Model VX, VIN # 6EX-1010211, Serial # YAMA2634D515;
and (ii) 2015 Yamaha Model VX, VIN # 6EX-1008410, Serial #
YAMA1804ED515; and an accompanying trailer with VIN #
1ZCS16010FZ346173, to Jared Booye for $7,000 in cash.

A hearing on the Motion was held on Jan. 10, 2018 at 2:00 p.m.

The sale of the Personal Property will be free and clear of all
liens, claims and/or interests.

The stay provided for in Rule 6004(h) of the Federal Rules of
Bankruptcy Procedure is waived and the Order will be effective
immediately upon its entry.

                    About Cartel Management

Cartel Management, Inc., and Titans of Mavericks, LLC --
http://www.titansofmavericks.com/-- promote, organize and host a
sporting event in "big wave" surfing known as "Titans of Mavericks"
at the Pacific Ocean surf break popularly known as "Maverick's"
located near Half Moon Bay, California.

Cartel and Titans filed Chapter 11 petitions (Bankr. C.D. Cal. Lead
Case No. 17-11179) on Jan. 31, 2017.  Griffin Guess, president of
Cartel, signed the petitions.

At the time of filing, Cartel estimated assets of less than $1
million and estimated liabilities of $1 million to $10 million.
Titans estimated assets of less than $50,000 and liabilities of
less than $500,000.

Judge Deborah J. Saltzman presides over the cases.

The Debtors engaged David L. Neale, Esq., at Levene, Neale, Bender,
Yoo & Brill LLP, in Los Angeles, California, as bankruptcy counsel.
The Debtors tapped Hartford O. Brown, Esq., at Klinedinst PC, as
special counsel in relation to the potential sale of their assets,
and to handle disputes with Red Bull Media House North America,
Inc., and other third parties.  The Debtors also tapped Tyler
Paetkau, Esq., of Hartnett, Smith & Paetkau to represent them on
certain proceedings, including administrative proceedings before
the San Mateo County Harbor District, the California Coastal
Commission, the San Mateo County Planning and Building Department,
and National Oceanic and Atmospheric Administration.


CASTLE ARCH: Proposed Statewide Auction of Tooele Property Approved
-------------------------------------------------------------------
Judge Joel T. Marker of the U.S. District Court for the District of
Utah authorized the bidding procedures of D. Ray Strong, as
Liquidating Trustee of the Consolidated Legacy Debtors Liquidating
Trust, the Castle Arch Opportunity Partners I, LLC Liquidating
Trust and the Castle Arch Opportunity Partners II, LLC Liquidating
Trust, in connection with the sale of the real property and water
rights located in Tooele County, Utah at public auction.

The sale is free and clear of all interests.

The Property is comprised of four parcels of real property totaling
272.71 acres of raw land, and 16 acre-feet of water, with a water
right number of 15-4962 and change application number of A-34412.


The Auction will be conducted by Statewide Auction Co. pursuant to
the Real Estate Auction Agreement and Bidding Procedures.

The salient terms of the Bidding Procedures are:

     a. Auction Deposit: $25,000

     b. Auction: Statewide may conduct the Auction in either one or
two phases that may include (i) a Bulk Sale and (ii) a Parcel
Sale.

     c. Closing: The Seller will close the sale of the Property to
the Successful Bidder(s) within 30 days of the close of the Auction
Sale.

A copy of the Statewide Agreement, including Auction Procedures,
attached to the Motion is available for free at:

    http://bankrupt.com/misc/Castle_Arch_1380_Sales.pdf

The Trustee is authorized to pay from the gross proceeds of the
sale property taxes and the costs of sale, including compensation
to Statewide as provided for in the Real Estate Auction Agreement.

The hearing on the Motion scheduled for Jan. 29, 2018 is stricken.

                About Castle Arch Real Estate

Castle Arch Real Estate Investment Company, LLC, in Salt Lake City,
Utah, filed for Chapter 11 bankruptcy (Bankr. D. Utah Case No.
11-35082) on Oct. 17, 2011, together with several affiliates. The
petitions were signed by Trent Waddoups, CEO/president.  Judge Joel
T. Marker presides over the case.  Michael L. Labertew, Esq., at
Labertew & Associates, LLC, served as counsel to the Debtors.  In
its petition, Castle Arch Real Estate Investment Company scheduled
$2,818,931 in assets, and $40,863,600 in debt.

The other filing affiliates are CAOP Managers, LLC; Castle Arch
Kingman, LLC; Castle Arch Secured Development Fund, LLC; Castle
Arch Smyrna, LLC; Castle Arch Star Valley, LLC; Castle Arch
Opportunity Partners I, LLC; and Castle Arch Opportunity Partners
II, LLC (Case Nos. 11-35082, 11-35237, 11-35243, 11-35242 and
11-35246, (Substantively Consolidated), Case Nos. 11-35241 and
11-35240 (Jointly Administered).

On May 3, 2012, the Court entered an order appointing D. Ray Strong
as the Chapter 11 bankruptcy Trustee for CAREIC, and in that
capacity he managed each of the other Legacy Debtors.  Peggy Hunt,
Esq., and Chris Martinez, Esq., at Dorsey & Whitney LLP, in Salt
Lake City, Utah, argue for the Chapter 11 Trustee.

On Feb. 8, 2013, the Court entered an Order substantively
consolidating the Legacy Debtors.  Bankruptcy Judge Joel T. Marker
confirmed the First Amended Plan of Liquidation dated Feb. 25,
2013.


CEC ENTERTAINMENT: Bank Debt Trades at 5.60% Off
------------------------------------------------
Participations in a syndicated loan under which CEC Entertainment
Inc is a borrower traded in the secondary market at 94.40
cents-on-the-dollar during the week ended Friday, January 12, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.80 percentage points from the
previous week. CEC Entertainment Inc pays 325 basis points above
LIBOR to borrow under the $760 million facility. The bank loan
matures on Feb. 14, 2021 and 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 January 12.


CIENA CORP: S&P Alters Outlook to Pos. on Improved Credit Metrics
-----------------------------------------------------------------
S&P Global Ratings revised the outlook to positive from stable and
affirmed its 'BB-' corporate credit rating on Hanover, Md.-based
Ciena Corp. S&P's ratings on the company's debt instruments remain
unchanged.

The outlook revision reflects S&P Global Ratings-adjusted leverage
that has fallen to the high-2x area, driven by revenue and margin
improvements as well as debt repayment over the past 12 months. S&P
said, "We expect Ciena to use its strong cash position to settle
its upcoming $350 million convertible, which could result in
leverage falling to the mid-1x area by the end of the year, leading
to an upgrade. We also expect Ciena to generate around $200 million
of free cash flow in 2018. While the company has recently announced
a $300 million share buyback program, we don't expect its cash
position to fall below $600 million and note that the company has
historically operated with a strong balance sheet."

S&P said, "The positive outlook reflects our view that Ciena's
leverage could fall to the mid-1x area if the company uses cash to
settle its upcoming 2018 convertible, which would result in an
upgrade. The positive outlook also reflects our expectation for
continued strong operating performance, with high-single digit
revenue growth over the next year resulting from high demand for
the company's 100G products as network providers build out their
bandwidth, and stable EBITDA margins around 15%."

Upside scenario

S&P said, "We would upgrade our rating on Ciena to 'BB' over the
next 12 months if leverage starts approaching the 2x area. This
could happen if demand from network providers remains strong
leading to about a 10% EBITDA increase from current levels, or if
the company uses cash to settle its upcoming $350 million
convertible.

"We could revise the outlook to stable if a macroeconomic downturn
caused network providers to pull back on investments or if
acquisitions preclude the company from maintaining leverage under
the 3x area."


COCOA SERVICES: Files Chapter 11 Joint Plan of Liquidation
----------------------------------------------------------
Cocoa Services, L.L.C., and Morgan Drive Associates, L.L.C.,
submitted a disclosure statement to accompany their joint plan of
liquidation dated Jan. 12, 2018.

The Plan establishes a mechanism by which a Plan Administrator will
marshal the assets of the Debtors through the collection of monies
owed to the Debtors, which monies will be deposited with the Plan
Administrator for the eventual Distribution to Holders of Allowed
Claims in the order set forth in the Plan.

The Plan (i) does not consolidate the Debtors' Estates and uses
each Debtor's Assets to pay the Claims of each respective Debtor,
(ii) divides Claims against and Equity Interests in each Debtor
into categories or "Classes" for each of the Debtors' respective
Estates, (iii) sets forth the treatment afforded to each class, and
(iv) provides the means by which the proceeds of the Debtors'
Assets will be distributed.

Class 4 under Cocoa Services consists of the general unsecured
claims. After the payment in full of all Unclassified Claims, the
Cocoa Services Class 1 Claim and Cocoa Services Class 2 Claims, in
exchange for full and final satisfaction, settlement and release of
the Allowed General Unsecured Claims, one or more distributions of
Remaining Cocoa Services Cash will be made by the Plan
Administrator, on a Pro Rata basis, to the Holders of the Allowed
General Unsecured Claims against Cocoa Services, on a pari passu
basis with Holders of Cocoa Services Class 3 Lyons Unsecured Claim
and Cocoa Services Class 5 Related Party Claims. Estimated recover
for this class is 17%.

Class 1 under Morgan Drive consists of the general unsecured
creditors. After the payment in full of all Unclassified Claims, in
exchange for full and final satisfaction, settlement and release of
the Allowed General Unsecured Claims, one or more distributions of
Remaining Morgan Drive Cash will be made by the Plan Administrator,
on a Pro Rata basis, to the Holders of Allowed General Unsecured
Claim against Morgan Drive, on a pari passu basis with Holders of
Morgan Drive Class 2 Related Party Claims and Morgan Drive Class 3
Inter-Debtor Claims. Estimated recovery for this class is 87%.

From time to time, the Plan Administrator will make Pro Rata
distributions to Holders of Allowed Claims in Cocoa Services
Classes 3 through 5 and Allowed Claims in Morgan Drive Classes 1
through 3 in accordance with Article III of the Plan.

A copy of the Disclosure Statement is available for free at:

      http://bankrupt.com/misc/nysb17-11936-161.pdf

                     About Cocoa Services

Cocoa Services, L.L.C., operates a cocoa liquor and cocoa butter
melting and deodorizing facility in Logan Township, Gloucester
County, New Jersey.  Morgan Drive Associates LLC is a real estate
holding company that owns the land and building where Cocoa
Services operates.

Cocoa Services and Morgan Drive are affiliates of and wholly-owned
subsidiaries of Transmar Commodity Group, Ltd.  TCG filed a Chapter
11 petition (Bankr. S.D.N.Y. Case No. 16-13625) on Dec. 31, 2016,
estimating assets and debt of $100 million and $500 million.  

The case is pending before the Honorable James L. Garrity, Jr.

Cocoa Services, L.L.C., and Morgan Drive Associates, L.L.C., sought
Chapter 11 protection (Bankr. S.D.N.Y. 17-11936 and 17-11938) on
July 14, 2017.  The cases are also pending before Judge Garrity.

Cocoa Services disclosed total assets of $18.34 million and total
liabilities of $18.55 million as of July 11, 2017.

Riker Danzig Scherer Hyland & Perretti LLP is serving as counsel to
the Debtors. Klestadt Winters Jureller Southard & Stevens, LLP, is
local counsel.  Prime Clerk LLC is the claims and noticing agent.

No committee, trustee or examiner has been appointed in the
bankruptcy cases.


CONCORDIA HEALTHCARE: Bank Debt Trades at 15.83% Off
----------------------------------------------------
Participations in a syndicated loan under which, Concordia
Healthcare Corp is a borrower traded in the secondary market at
84.17 cents-on-the-dollar during the week ended Friday, January 12,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 2.02 percentage points
from the previous week.  Concordia Healthcare Corp pays 500 basis
points above LIBOR to borrow under the $500 million facility. The
bank loan matures on October 20, 2021 and carries Moody's Caa2
rating and Standard & Poor's CCC- 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
January 12.


CSC HOLDINGS: Fitch Assigns BB+ Rating to Term Loan B Due 2026
--------------------------------------------------------------
Fitch Ratings has assigned a 'BB+'/'RR1' rating to CSC Holdings
LLC's (CSCH) new senior secured term loan B due 2026 and a
'BB'/'RR2' rating to CSCH's new senior guaranteed notes due 2028.
Fitch has also downgraded CSCH's senior unsecured notes to
'B'/'RR5' from 'B+'/'RR4' due to the higher amount of senior debt
in the capital structure pro forma for the proposed $2.5 billion
issuance. The Issuer Default Ratings (IDRs) for Cablevision Systems
Corporation (CVC) and its wholly owned subsidiary, CSCH, are 'B+'
with a Stable Outlook.  

CVC upsized its debt issuance to $2.5 billion from $1.5 billion
following Altice USA's planned spin-off from Altice NV, which was
announced on Jan 8. The upsizing is neutral to the company's
overall leverage profile as the incremental senior borrowings will
be used to repay roughly $1 billion in upcoming 2018 maturities of
unsecured notes. However, the replacement of unsecured debt with
more senior debt reduces the recovery prospects for CSCH's
unsecured noteholders resulting in the downgrade to 'B'/'RR5'.
Cablevision issued a $1.5 billion new CSCH term loan B due 2026 and
$1 billion of new CSCH senior guaranteed notes due 2028. Pro forma
for the recent debt issuance and planned repayments, Cablevision
will have $17.1 billion of debt outstanding as of Sept. 30, 2017.
CVC is a subsidiary of Altice USA and maintains a separate capital
structure.

KEY RATING DRIVERS

Altice USA Spin-Off Credit Negative: Altice NV, the parent company
of CVC, plans to spin-off its 67.2% interest in Altice USA to
Altice NV shareholders (expected to close by 2Q'18). Altice USA's
Board of Directors have approved a $1.5 billion special cash
dividend, which will be paid to Altice NV immediately prior to the
spin-off, and authorized a $2 billion share repurchase program.
Since the special dividend will be funded by incremental borrowings
at CVC, the transaction will be credit negative for CVC as Fitch
estimates pro forma gross leverage will increase to 6.4x up from
6.1x for the LTM period ending Sept. 30, 2017 (including
collateralized debt). CVC issued $2.5 billion in debt to fund the
$1.5 billion special dividend and roughly $1 billion in 2018 debt
maturities. While Cablevision's pro forma leverage is high, it
remains within Fitch 6.5x negative threshold for the ratings.
However, there is limited room in the company's current 'B+' rating
for any sustained period of operational missteps or any incremental
debt-financed transactions.

EBITDA Margin Expansion: Since the acquisition in June 2016, Altice
USA has realized more than $900 million of cost savings (versus its
long-term target of $1.1 billion). These synergies mainly
contributed to CVC's EBITDA margins expanding to 42.9% as of Q3'17,
up from 35.1% in the year ago period. The achieved operational
efficiencies have driven a meaningful reduction in leverage. Fitch
had previously expressed its expectation that Cablevision's
leverage would decline by mid-6x range by year-end 2017. The
company was pacing ahead of this with gross leverage of 6.1x for
the LTM period ending Sept. 30, 2017 prior to the announcement of
the Altice USA spin-off and debt-funded special dividend. Fitch
also expects that CVC's leverage will trend down over time from a
combination of EBITDA growth and modest debt reduction as Altice
USA manages its leverage down to target levels.

Reduced Altice USA Target Leverage: Fitch views positively Altice
USA's intention to manage its balance sheet more conservatively
with a revised net leverage target of 4.5x-5.0x, down from the
previously projected range of 5.0-5.5x. Altice USA was also paying
Altice NV a $30 million management fee, and this will cease to be
paid following the spin-off, which is a modest positive.

Reduced Overhang from Altice NV: Fitch believes that from an
operational perspective the split-off will allow Altice USA to
manage itself more efficiently without the overhang of operational
difficulties from Altice NV's international operations. It will
remove the overhang of potential cash leakage to Altice NV. It will
also afford a greater degree of transparency into Altice USA's
financial and operational performance. Altice USA's management
remains focused on achieving operating efficiencies and executing
on the roll-out of its Altice One box (enhanced set-top box that
incorporates over-the-top or OTT applications, similar to Comcast's
X1) and fiber-to-the-home (FTTH) buildout in the CVC (Optimum) and
Cequel Communications (Suddenlink) footprints. Fitch believes that
these efforts are prudent given the evolving and increasingly
competitive landscape for multichannel video programming
distributors (MVPDs) with the notable acceleration in industry
subscriber losses over the course of 2017. CVC lost 61,000 video
subscribers for the LTM period ending Sept. 30, 2017, which was
relatively flat from year-end 2016. Cablevision's operational
statistics also remain impacted by competition from Verizon that
overlaps 50% of Cablevision's territories..

Refinancing Improves Liquidity: The company opportunistically
upsized its debt offering to term out roughly $1 billion of
upcoming 2018 debt maturities. Fitch views the refinancing
positively as it will reduce CVC's reliance on its revolving credit
facility ($1.7 billion available pro forma for $725 million
repayment) and modestly improves its maturity profile.

Longer-Term Event Risk Remains: Pro forma for the transaction,
Altice USA's public float will increase to 42% from roughly 10%.
Fitch believes that the increased equity float and the spin-off
from Altice NV could make the company more able to take advantage
of potential future M&A transactions. Fitch believes that the
potential for additional M&A remains an event risk over the
longer-term for CVC.

DERIVATION SUMMARY

CVC's ratings reflect the company's higher leverage, smaller scale
and less geographic diversification relative to other cable peers,
notably Charter (BB-/Stable) and DISH Network (BB-/Negative). The
acquisition of CVC and Cequel Communications (Suddenlink) by Altice
NV created the fourth-largest multichannel video programming
distributor (MVPD) in the U.S. CVC is heavily concentrated in the
highly competitive Northeast (New York, New Jersey, Connecticut and
Pennsylvania). CVC has already high penetration of services in its
territories, which leaves it at risk to promotional activity from
traditional MVPDs (Verizon and Frontier), and disruptive service
offerings from over-the-top (OTT) players, like Netflix, Amazon,
and vMVPDs, like Hulu, YouTubeTV, DIRECTV Now and Sling. Fitch
believes that this is somewhat offset by the company's high EBITDA
margins, at the high-end of the peer group, and the successful
execution of its cost reduction strategies. Since the acquisition
in June 2016, Altice USA has achieved in excess of $900 million of
outlined cost synergies ($920 million of annualized operating
expense savings), which has paced ahead of Fitch's expectations.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Fitch Rating Case for the Issuer

-- Revenue growth in the low single digits, reflecting the
maturity and high penetration rate of the company's services;

-- EBITDA margins in the low 40% range, aided by continued cost
synergy realization. However, as most of the outlined cost
synergies have already been achieved, Fitch believes margin upside
may be limited from current levels.

-- Deleveraging is achieved through EBITDA growth and some modest
debt repayment.

-- Free cash flow will be diverted to parent Altice USA to support
share repurchase activity.

-- The recovery analysis assumes that CVC would be considered a
going concern in a bankruptcy and the company would be reorganized
rather than liquidated. Fitch assumes a 10% administrative claim in
the recovery analysis.

-- Fitch's going concern EBITDA of $2.1 billion reflects increased
competition from traditional MVPDs (Verizon and Frontier), OTT
providers, including Netflix, Amazon and Hulu, and virtual MVPDs
result in an uptick in video and phone subscriber losses. CVC must
engage in promotional pricing activity to remain competitive. At
the same time, programming costs continue to increase as the
company fails to negotiate more favourable rate increases due to
its smaller scale. As a result, ARPU and EBITDA per subscriber are
pressured.

-- Fitch estimates a distressed enterprise valuation of $12.6
billion using a 6.0x multiple. Fitch applies a going-concern
enterprise value (EV) multiple of 6.0x, lower than public and
private transaction multiples reflecting Cablevision's smaller
scale and concentrated geographic footprint in the intensely
competitive Northeast relative to larger and more geographically
diversified cable peers. It also incorporates the 2009 emergence
from bankruptcy of Charter Communications, a cable peer, at a
reorganization multiple of 5.8x. Cablevision's market trading
multiple averaged roughly 8.6x from 2006 until its acquisition in
June 2016. Cablevision was acquired by Altice NV, BC Partners and
CPPIB for $17.7 billion at an 8.8x purchase price multiple (6.1x
including synergies). Other multiples for recent cable acquisitions
include Charter's acquisition of Time Warner Cable and Bright House
Networks in May 2016 for 9.8x and 12.8x, respectively (8.3x and
6.5x including synergies and tax benefits).

-- Fitch assumes a fully drawn revolver in its recovery analysis
since credit revolvers are tapped as companies are under distress.
Fitch assumes a full draw of the CSCH $2.3 billion revolver.

-- The recovery model implies a 'BB+'/'RR1' for the CSCH senior
secured credit facilities, reflecting Fitch's belief that 91%-100%
recovery is reasonable.

-- The recovery model implies an issue rating of 'BB'/'RR2' for
CSCH's senior unsecured guaranteed notes.

-- The recovery model implies a 'B'/'RR5' for the CSCH senior
unsecured notes, a decline from the 'B+'/'RR4', reflecting the new
issuance and resultant increase in senior debt in the pro forma
capital structure.

-- The 'B-'/'RR6' on the CVC senior unsecured notes reflect the
limited recovery prospects in distress.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead to
Positive Rating Action

-- An upgrade is unlikely over the near term due to the company's
high pro forma leverage resulting from the debt issuance to support
the $1.5 billion special dividend which will be paid to Altice NV
in conjunction with the spin-off of Altice USA.

-- Over the longer-term, sustained leverage below 5.5x and
indications that CVC's operating profile will not materially
decline in the face of competition from other MVPDs and against OTT
providers in the evolving media landscape.
Developments That May, Individually or Collectively, Lead to
Negative Rating Action

-- Leverage exceeding 6.5x for a sustained period of time, in the
absence of a credible deleveraging plan, as a result of increased
competition and operational weakness or additional leveraging
transactions.

LIQUIDITY

Fitch considers CVC's liquidity position and overall financial
flexibility to be adequate given the current rating. Liquidity is
supported by cash on hand totalling $152 million and a $2.3 billion
revolving credit facility at subsidiary CSCH, of which $1 billion
was available as of Sept. 31, 2017 (pro forma availability improved
to $1.7 billion net of the $725 million repayment that the company
made subsequent to Q3'17).

Concurrent with CVC's efforts to issue debt to fund the special
dividend, the company upsized and will use the proceeds to repay
upcoming 2018 maturities. CVC issued $2.5 billion in debt to fund
the $1.5 billion special dividend which will be payable to parent
Altice NV immediately prior to the spin-off and roughly $1 billion
to fund near-term maturities ($300 million of CSCH 7.875% unsecured
notes due February 2018 and $750 million of CVC unsecured notes due
April 2018). The debt issuance includes a new $1.5 billion CSCH
term loan B due 2026 and $1 billion in new CSCH senior unsecured
guaranteed notes due 2028.

Fitch views the upsized debt issuance as a modest positive for
liquidity as it will reduce the company's reliance on the revolving
credit facility and addresses upcoming maturities. Pro forma for
the refinancing of the 2018 maturities, Fitch estimates that CVC
has debt maturities of $545 million in 2018, $571 million in 2019
and $545 million in 2020. The company's next sizeable debt maturity
comes in 2021 when $2.9 billion comes due (including the $1.3
billion in collateralized debt).

The only financial covenant under the credit agreement limits net
senior secured leverage to no more than 5x and is only tested if
there are outstanding borrowings under the revolver. Additionally,
CSC Holdings and its restricted subsidiaries will be required to
use 50% of excess cash flow to prepay outstanding term loan debt if
net senior secured leverage is higher than 4.5x.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following ratings:

CSC Holdings LLC (CSCH):
-- Senior secured term loan B due 2026 'BB+'/'RR1';
-- 5.375% senior guaranteed notes due 2028 'BB'/'RR2'.

Fitch has downgraded the following ratings:

CSC Holdings LLC (CSCH):
-- Senior unsecured notes to 'B'/'RR5' from 'B+'/'RR4'.

Fitch has affirmed the following ratings:

Cablevision Systems Corp.:
-- Long-Term IDR at 'B+';
-- Senior unsecured notes at 'B-'/'RR6'.

CSC Holdings LLC (CSCH):
-- Long-Term IDR at 'B+';
-- Senior secured credit facility at 'BB+'/'RR1';
-- Senior guaranteed notes at 'BB'/'RR2'.


CTI BIOPHARMA: Will Hold a Meeting on Jan. 24 to Approve Merger
---------------------------------------------------------------
Following its press release of Nov. 27, 2017, CTI Biopharma Corp.,
a Washington corporation, announced that, should the merger be
approved by shareholders at the Jan. 24, 2018 special meeting of
shareholders to be held at 10 a.m. Pacific Standard Time (i.e. 7
p.m. Central European Time), the Company would file the certificate
of merger with the Delaware Secretary of State and the articles of
merger with the Washington Secretary of State within the day of
Jan. 24, 2018 Pacific Standard Time.

As of the Effective Date and subject to the conditions indicated
above, the merger of the Company with and into its wholly-owned
Delaware subsidiary named CTI Biopharma Corp. will be valid and
effective pursuant to section 252(c) of the Delaware General
Corporation Law and starting from Jan. 25, 2018 Central European
Time the common stock of the Company (CUSIP number 12648L601 and
ISIN code US12648L6011) will be delisted from the MTA.

CTI Biopharma Corp., a Delaware corporation, common stock (CUSIP
number 12648L601) will be listed on Nasdaq as from the Effective
Date.  As anticipated, CTI Biopharma Corp., a Delaware corporation,
will not request a secondary listing on the MTA.  If the Company's
shares are delisted from the MTA, Italian shareholders wishing to
do so may purchase or sell their shares of common stock of CTI
Biopharma Corp., a Delaware corporation, on Nasdaq through
intermediaries that are qualified to operate on that market.
Italian shareholders should consult their financial or tax advisors
in order to assess the related implications.

On Jan. 24, 2018, the Company will announce the results of the
shareholders' meeting and, in the event of approval of the merger,
the completion of the filing of the certificate of merger with the
Delaware Secretary of State and the filing of the articles of
merger with the Washington Secretary of State and the effectiveness
of the merger and the delisting from the MTA.

                    About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --
http://www.ctibiopharma.com/-- is a biopharmaceutical company
focused on the acquisition, development and commercialization of
novel targeted therapies covering a spectrum of blood-related
cancers that offer a unique benefit to patients and healthcare
providers.  The Company has a late-stage development pipeline,
including pacritinib for the treatment of patients with
myelofibrosis.  CTI BioPharma is headquartered in Seattle,
Washington.
                
CTI Biopharma reported a net loss attributable to common
shareholders of $52 million for the year ended Dec. 31, 2016, a net
loss attributable to common shareholders of $122.6 million for the
year ended Dec. 31, 2015, and a net loss attributable to common
shareholders of $95.99 million.  The Company had $65.53 million in
total assets, $37.12 million in total liabilities, and $28.41
million in total shareholders' equity as of Sept. 30, 2017.


DRONE USA: Obtains $107,500 Financing from Labrys Fund
------------------------------------------------------
Drone USA, Inc., has received a payment of $107,500 under the terms
of a Securities Purchase Agreement dated Nov. 20, 2017, with Labrys
Fund, LP under which Drone USA issued to Labrys (i) a convertible
note in the principal amount of $107,500 that bears interest of 10%
per annum and (ii) 421,238 shares of the Company's common stock as
a commitment fee which will be returned to Drone USA in the event
that it pays all unpaid principal and interest under the Note
within 180 days of Dec. 26, 2017.  The Note has a maturity date of
nine months or Sept. 26, 2018, and a conversion rate for any unpaid
principal and interest at a 35% discount to the market price which
is defined as the average of the two lowest trading prices (defined
as the lower of the trading price or closing bid price) for Drone
USA's common stock during the 15 trading day period ending on the
latest complete trading day prior to the date of conversion.  The
conversion rate is further reduced if Drone USA enters into any
section 3(a)(9) or 3(a)(10) transactions under the Securities Act
of 1933, as amended, if the terms of those transactions offer
greater discounts on conversion prices or a longer look back period
for determining the conversion rate and under certain other
enumerated events, including if the conversion price is less than
$.01 per share or if Drone USA loses the "bid" price for its common
stock ($0.0001 on the "ask" with zero market makers on the "bid"
per Level 2 and/or a market such as OTC Pink).  In addition, if
Drone USA issues any shares of its common stock at less than the
conversion price Labrys is entitled to full ratchet anti-dilution
in such event.  No shares of Drone USA common stock can be issued
to the extent Labrys would own more than 4.99% of the outstanding
shares of Drone USA common stock unless Labrys agrees to increase
the ownership to 9.99%.  Drone USA is required at all times to have
authorized and reserved six times the number of shares that is
actually issuable upon full conversion of the Note (based on the
conversion price of the Note in effect from time to time).
Initially, Drone USA must instruct its transfer agent to reserve
8,535,980 shares of its common stock.  The Note is subject to
customary default provisions and also includes a cross-default
provision as well as default being triggered if Drone USA loses the
"bid" price for its common stock ($0.0001 on the "ask" with zero
market makers on the "bid" per Level 2 and/or a market such as OTC
Pink).  Drone USA is entitled to prepay the Note between the issue
date until 180 days from its issuance but not thereafter.

                          About Drone USA

Drone USA, Inc. is an unmanned aerial vehicles and related services
and technology company that intends to engage in the research,
design, development, testing, manufacturing, distribution,
exportation, and integration of advanced low altitude UAV systems,
services and products.  Drone also provides product procurement,
distribution, and logistics services through its wholly-owned
subsidiary, HowCo Distributing Co., to the United States Department
of Defense and Defense Logistics Agency.  The Company has
operations based in West Haven, Connecticut and Vancouver,
Washington.  The Company is registered with the U.S. State
Department and has met the requirements of the Arms Export Control
Act and International Traffic in Arms Regulations.  The
registration allows for the Company to apply for export, and
temporary import, of product, technical data, and services related
to defense articles.  The Company continues to seek strategic
acquisitions and partnerships with UAV firms that offer superior
technologies in high-growth markets, as well as acquisitions and
partnerships with firms that have complementary technologies and
infrastructure.

Drone USA reported a net loss of $7.82 million for the fiscal year
ended Sept. 30, 2017, following a net loss of $5.95 million for the
fiscal year ended Sept. 30, 2016.  As of Sept. 30, 2017, Drone USA
had $6 million in total assets, $12.41 million in total liabilities
and a total stockholders' deficit of $6.41 million.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification in its report on the consolidated financial
statements for the year ended Sept. 30, 2017, citing that the
Company has a net loss and net cash used in operating activities in
fiscal 2017 of $7,826,933 and $478,769, respectively, and has a
working capital deficit, stockholders' deficit and an accumulated
deficit of $10,360,702, $6,410,086 and $13,856,425, respectively,
at Sept. 30, 2017.  Furthermore, the Company has been in default on
a material convertible note payable since March 2017 and defaulted
on the Note Payable -- Seller in September 2017.  These matters
raise substantial doubt about the Company's ability to continue as
a going concern.


ECOARK HOLDINGS: Nepsis Capital Has 24.1% Stake as of Dec. 31
-------------------------------------------------------------
In a Schedule 13D/A filed with the Securities and Exchange
Commission, Nepsis Capital Management, Inc. reported that as of
Dec. 31, 2017, it beneficially owns 11,164,492 shares of common
stock of Ecoark Holdings, Inc., representing 24.179% of the
46,174,000 shares outstanding.  The Securities reported were
purchased by Nepsis Capital in its capacity as a RIA on behalf of
its investment advisory clients for investment purposes in the
ordinary course of business.  A full-text copy of the regulatory
filing is available for free at https://is.gd/UgkQ72

                     About Ecoark Holdings

Founded in 2011, Ecoark Holdings Inc., to be renamed Zest
Technologies, Inc. -- http://www.ecoarkusa.com/-- is an AgTech
company modernizing the post-harvest fresh food supply chain for a
wide range of organizations including growers, distributors and
retailers.  The company's Zest Fresh solution, a breakthrough
approach to quality management of post-harvest fresh food, is
specifically designed to help substantially reduce the $161 billion
amount of food loss the U.S. experiences each year.  Through
item-level monitoring and real-time predictive analytics, Zest
Fresh enables customers to improve the freshness and quality of
produce, realize substantial cost savings and reduce food waste.
The Company is headquartered in Rogers, Arkansas.

KBL, LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2016, citing that the Company has incurred substantial losses and
needs to obtain additional financing to continue the development of
their products.  The lack of profitable operations raises
substantial doubt about the Company's ability to continue as a
going concern.

Ecoark reported a net loss of $25.23 million in 2016 and a net loss
of $10.47 million in 2015.  As of Sept. 30, 2017, Ecoark Holdings
had $17.43 million in total assets, $3.40 million in total
liabilities and $14.02 million in total stockholders' equity.


EIG MANAGEMENT: S&P Affirms 'BB+' ICR, Outlook Stable
-----------------------------------------------------
S&P Global Ratings said it affirmed its 'BB+' issuer credit ratings
on EIG Management Co LLC and removed the ratings from CreditWatch.
The outlook is stable. At the same time, S&P assigned a 'BB+' issue
rating on the firm's new first-lien revolving credit facility and
term loan. The recovery on the first-lien debt is '3' reflecting
S&P's expectation for meaningful recovery (50%) in the event of a
default.

S&P said, "The affirmation reflects our expectation for EIG's
leverage to remain within our existing expectations (1.5x-2.0x) and
interest coverage to improve materially versus historical levels
(to around 7x-8x) over the next two years. Additionally, it
reflects our view that the FSEP transaction will incrementally
improve EIG's product diversification.

"The stable outlook reflects our expectation that EIG will close on
the FSEP acquisition, have a successful Energy Fund XVII fundraise,
and maintain leverage between 1.5x and 2.0x over the next two
years. It also reflects our expectation for the firm to maintain
its relatively good investment performance across its platform.

"We could lower the ratings if leverage increases to above 2x on a
sustained basis. We could also lower the ratings if investment
performance deteriorates such that it damages the company's track
record, in our view, or if the firm has any material
underperformance related to its fundraising efforts.

"We could raise the ratings if leverage falls below 1.5x on a
sustained basis while investment performance remains good across
the firm's platform and fundraising remains strong."


EVERETT'S AUTOMOTIVE: Plan Filing Deadline Moved to Jan. 18
-----------------------------------------------------------
Judge LaShonda Hunt of the U.S. Bankruptcy Court for the Northern
District of Illinois extends Everett's Automotive, LLC's time to
its plan of reorganization and disclosure statement to and
including Jan. 18, 2018.

As reported by the Troubled Company Reporter on Jan. 8, 2018,
Everett requested a short extension of time to file the Plan and
Disclosure Statement because the Debtor's principal, Andrea Brown,
has not yet completed her review of the Plan drafted by counsel and
has not yet prepared the necessary exhibits to be appended to the
Disclosure Statement.

                  About Everett's Automotive

Everett's Automotive, LLC, dba Midas Auto Service Experts, filed a
Chapter 11 petition (Bankr. N.D. Ill. Case No. 17-07795) on March
13, 2017.  Andrea Brown, Member, signed the petition.  The Debtor
is represented by Joel A. Schechter at the Law Offices of Joel A.
Schechter.  At the time of filing, the Debtor listed less than
$50,000 in estimated assets and $500,000 to $1 million in estimated
liabilities.



EXGEN TEXAS: 0.05% Projected Recovery for Unsecureds Under Plan
---------------------------------------------------------------
ExGen Texas Power, LLC and affiliates filed with the U.S.
Bankruptcy Court for the District of Delaware a disclosure
statement for their joint plan of reorganization dated Jan. 12,
2018.

The Plan contemplates certain transactions, including, without
limitation, the following transactions:

With respect to each Prepetition Revolving Facility Claim, each
Holder of an Allowed Prepetition Revolving Facility Claim will
receive cash equal to the allowed amount of such Claim; such other
less favorable treatment as to which the Debtors (with the consent
of the Required Lenders) or Reorganized Debtors, as applicable, and
the Holder of such Claim will have agreed upon in writing; or such
other treatment such that it will not be impaired.

The Secured Sponsor Claims are deemed Allowed Claims in the
aggregate principal amount of $10,401,653, plus any accrued and
unpaid interest payable on such amounts as of the Petition Date.
Upon effectiveness of the Sponsor Compromise, the aggregate amount
of Secured Sponsor Claims will be waived and will be deemed forever
waived and discharged pursuant to the Sponsor Compromise. In the
event that the Effective Date occurs but the conditions precedent
to the Sponsor Compromise are not satisfied, then the Secured
Sponsor Claims will be deemed to be Class 6 Prepetition Credit
Agreement Claims (Secured Portion), and will be entitled to the
voting and treatment accorded to Class 6 Prepetition Credit
Agreement Claims (Secured Portion).

With respect to each General Unsecured Claim, each Holder of an
Allowed General Unsecured Claim will receive its Pro Rata share of
the General Unsecured Claims Cash Amount or such other less
favorable treatment as to which the Debtors (with the consent of
the Required Lenders) or Reorganized Debtors, as applicable, and
the Holder of such Claim shall have agreed upon in writing.
Projected recover for general unsecured claimants is 0.05%.

Subject to the Restructuring Transactions, after the Effective
Date, the Reorganized Debtors will continue to exist as separate
legal entities in accordance with the applicable law in the
respective jurisdiction in which they are incorporated, organized
or formed and pursuant to their respective certificates of
formation and limited liability company agreements, or other
applicable organizational documents, in effect immediately prior to
the Effective Date, except to the extent such certificates of
formation and limited liability company agreements, or other
applicable organizational documents, are amended, restated or
otherwise modified under the Plan, or as otherwise contemplated in
the Description of Structure.

A full-text copy of the Disclosure Statement is available at:

           http://bankrupt.com/misc/deb17-12377-201.pdf

                    About ExGen Texas Power

ExGen Texas Power, LLC, et al., operate as subsidiaries of Exelon
Generation Company, LLC, which is a unit of Chicago, Illinois-based
energy giant Exelon Corp. (NYSE:EXC). EGTP owns 100% of the equity
in five direct subsidiaries, each of which owns a separate
gas-fired generation project:

    Debtor-Subsidiary       Project and Location
    -----------------       --------------------
  Wolf Hollow I Power, LLC    639 MW Plant in Granbury, TX
  Colorado Bend I Power, LLC  454 MW Plant in Wharton, TX
  Handley Power, LLC          1,265 MW Plant in Fort Worth, TX
  Mountain Creek Power, LLC   808 MW Plant in Dallas, TX
  LaPorte Power, LLC          147 MW Plant in LaPorte, TX

EGTP and its five subsidiaries sought Chapter 11 protection
(Bankr.
D. Del. Lead Case No. 17-12377) on Nov. 7, 2017, with a plan that
would turnover ownership of four plants to lenders in exchange for
debt, and a deal to sell the Handley Power plant to parent Exelon
Generation Company, LLC.

Direct parent Exelon Generation Company and ultimate parent Exelon
Corp. are not debtors in the Chapter 11 cases.

EGTP estimated $100 million to $500 million in assets and $500
million to $1 billion in debt.

The Hon. Brendan Linehan Shannon is the case judge.

The Debtors tapped Richards, Layton & Finger, P.A. as counsel;
Scotia Capital (USA) Inc., as investment banker; FTI Consulting,
Inc., as restructuring advisors; and Kurtzman Carson Consultants
LLC as claims agent.  KCC maintains the case web site
http://www.kccllc.net/egtp    

Counsel to Exelon Generation Company is DLA Piper LLP (US). Counsel
to the Secured Agent is Norton Rose Fulbright US LLP.  Counsel to
the Ad Hoc Committee is Wachtell, Lipton, Rosen & KaTz.


EXTRACTION OIL: Fitch Rates Senior Unsecured Notes Due 2026 'BB'
----------------------------------------------------------------
Fitch Ratings has assigned a 'BB/RR2' rating to Extraction Oil &
Gas, Inc.'s (Extraction, NASDAQ: XOG) issuance of senior unsecured
notes due 2026. Proceeds from the notes, along with cash on hand,
if necessary, will be used to fund the tender offer to purchase any
and all of the $550 million of outstanding 2021 notes and redeem
any 2021 notes that remain outstanding after consummation of the
tender offer. The notes are expected to rank pari passu with
Extraction's existing unsecured debt. Fitch believes the note
offering is neutral to the rating but will provide interest cost
savings and extend the company's maturity profile.

KEY RATING DRIVERS

Continued Growth Profile: Extraction has a concentrated position in
the DJ Basin, consisting of 320,000 total net acres, 165,000 of
which is considered core acreage. The company's nearly 20 years of
well inventory and competitive full-cycle costs, which Fitch
estimates to be approximately $42/WTI when including the
differential, are supportive of an increasing production profile
and should also provide cash flow resiliency to a weak oil price
scenario. The newly acquired Hawkeye acreage has also shown to have
strong results from offset operators and is expected to be an
important area of growth going forward. Extraction seems to be on
track to exceed Fitch's 2017 production growth expectations of near
50mboe/d in 2017 compared to management's estimate of
51.5-52mboe/d. Fitch is currently forecasting continued production
growth of over 70%, or total production of around 89 mboe/d, in
2018. Fitch recognizes that recent wells have been producing above
the company's type curve and have had a strong oil weighting, which
may provide some production and margin upside.

FCF Shifting Towards Neutral: Fitch forecasts that Extraction will
have negative free cash flow in 2018, which Fitch expects to be
funded in the form of non-core asset divestitures and debt
proceeds. Fitch's base case forecasts moderately negative FCF in
2019 at $52.5/WTI and moderately positive FCF in 2020 at Fitch's
long-term oil price of $55/WTI. Extraction has targeted cash flow
neutrality starting in the second half of 2018 at $55/WTI while
maintaining a returns-focused growth plan.

Improving Credit Metrics: Fitch's base case forecasts debt/EBITDA
will decrease from 3.8x in 2016 to 3.3x and 2.1x in 2017 and 2018,
respectively, primarily due to increased production volumes, lower
unit operating costs and moderate revenue uplift from Fitch's base
case oil and gas price assumptions. These positive factors are
partially offset by increases in gross debt used to fund
development spending. Additionally, reserve-based and debt/flowing
barrel metrics are strong for the rating category and compare
favorably to peers. The improving metrics are supportive to the
rating. Fitch forecasts a debt/flowing barrel of approximately
$16,194 for 2018.

Hedging Provides Stability: Extraction hedges up to 85% of expected
production and begins to hedge production before money is spent on
completion activities. As of Dec. 15, 2017, Extraction has a
mixture of swaps and collars protecting downside price risk on
approximately over 33mbbl of oil a day and approximately 118mmbtu
of gas a day in 2018. Fitch expects Extraction will continue to
maintain a rolling hedging program and views management's hedging
strategy as supportive to the credit profile.

DERIVATION SUMMARY

Extraction is a pure play DJ Basin E&P company with a sizeable land
position in Colorado. Production is expected to have averaged
approximately 50 mboe/d in 2017. Production size is generally
consistent with similarly rated peer Unit Corp. (B+/Stable) but
smaller than Ultra Petroleum Corp. (BB-/Stable) and QEP Resources,
Inc. (BB/Stable), which are larger at over 100 mboe/d. Fitch
expects credit metrics for Extraction to be within tolerances for
the rating category at 3.3x in 2017 and 2.1x in 2018 and also
comparable to Unit Corporation, which is expected to have had
leverage of about 2.8x in 2017. XOG's debt/flowing barrel at
Sept. 30, 2017 of $18,055 was comparable to Unit Corporation at
$18,783 and under unrated peers Parsley Energy, Inc. and SM Energy
Company at $12,122 and $25,690, respectively.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Fitch Rating Case for the Issuer

-- Base case WTI oil price that trends up from $50/barrel in 2017

    to a long-term price of $55.0/barrel;
-- Base case natural gas that trends up from $3.00/mcf in 2017 to

    a long-term price of $3.25/mcf;
-- Production near 50 mboe/d in 2017, growing 72% in 2018;
-- Similar capital expenditures levels from 2017 to 2018;
-- 2018 FCF deficits are funded with a mixture of asset sale
    proceeds and debt.

Recovery Ratings Unchanged: Fitch uses a going-concern approach to
model XOG's recovery prospects, driven by the company's competitive
unit economics and high likelihood of reserve development. An
EBITDA value of $600 million is used, which is moderately below
Fitch's 2018E base-case EBITDA forecast. Base case pricing (oil of
$50.0/bbl, natural gas of $3.00/mcf, both adjusted for quality and
geographic differentials) is used to estimate 2018 EBITDA, as
Fitch's going-concern recovery estimates enterprise value following
emergence from bankruptcy, rather than stressed enterprise value in
a pricing scenario that may lead to a default or restructuring.

Fitch utilized a 4.0x EBITDA multiple, which is below recent
reorganization multiples for the sector (6.3x). Reorganization
multiples can vary widely based upon the commodity price
environment upon emergence, as well as company specific factors
that led to restructuring, including weak full-cycle cost positions
or untenable capital structures. The 4.0x assumption for XOG
reflects a combination of factors, including the company's good
reserve and production growth prospects, as well as the significant
top line risk inherent to oil & gas production companies, which can
lead to high variance in observed market EV/EBITDA multiples.

After assuming a 10% administrative claim, waterfall recoveries are
consistent with the last review. Recovery ratings are unchanged
after adding the new long-term debt, resulting in expectations of a
full recovery for the senior secured credit facility (RR1).
Consistent with guidance in Fitch's recovery criteria, as well as
the inherent volatility in valuations for E&P companies, Recovery
Ratings for the unsecured notes remain at 'RR2'.

RATING SENSITIVITIES

Developments that May, Individually or Collectively, Lead to
Positive Rating Action
-- Sustained operational momentum, with production volumes at or
    in excess of 100mboe/d.
-- Maintenance of debt/EBITDA below 3.5x and debt/flowing barrel
    below $30,000.
-- Maintenance of an adequate hedging program to facilitate
    drilling & completion activity.

Developments that May, Individually or Collectively, Lead to
Negative Rating Action
-- Expectations of mid-cycle debt/EBITDA above 4.0x.
-- Loss in operational momentum leading to production below 40
    mboe/d.
-- Deterioration of the liquidity profile or an inability to
    access capital to fund growth.
-- Regulatory actions that materially impact DJ Basin operations.

LIQUIDITY

Enhanced Liquidity Profile: Liquidity as of Sept. 30, 2017 was
approximately $463 million including $114 million in cash and $349
million available under the undrawn $375 credit facility after
considering letters of credit. Subsequently, Extraction amended the
revolving credit agreement which provided a borrowing base increase
to $750 million from $375 million and increased lender commitments
to $650 million. The increase in borrowing capacity and Fitch's
expectation of moderately negative FCF in 2019 to moderately
positive FCF in 2020 should provide adequate liquidity throughout
the forecast.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following rating:

Extraction Oil & Gas, Inc.
-- Senior unsecured notes 'BB/RR2'.

Fitch currently rates Extraction as follows:

-- Long-Term Issuer Default Rating 'B+';
-- Senior secured revolver 'BB+'/'RR1';
-- Senior unsecured notes 'BB'/'RR2';

The Rating Outlook is Stable.


FIRST REPUBLIC: Fitch Affirms 'BB' Preferred Stock Rating
---------------------------------------------------------
Fitch Ratings has affirmed First Republic Bank's (FRC) ratings at
'A-/F1'. The Rating Outlook remains Stable. The affirmation
reflects FRC's focused strategy, strong franchise and conservative
credit culture that have led to superior asset quality and
consistent financial performance over time.

KEY RATING DRIVERS
IDR, VR AND SENIOR DEBT

The affirmation reflects FRC's consistent and conservative credit
culture that has delivered very strong credit loss results over
time as well as FRC's unique business model.

Fitch views FRC's relationship management strategy and business
model as a primary reason for its history of strong asset quality
performance. This strategy is keenly focused on delivering
distinguished client service and conservative credit extension to
high net worth households and business located in select urban
coastal markets. FRC's client satisfaction has resulted in deep
customer relationships and good client retention levels that drives
consistent profitability and further supports its ratings.

Over the last three decades of operation, the company's cumulative
net charge-off (NCO) rate is 17bps of all loan originations and
just 6bps for single-family residential, its primary lending
product. These figures are inclusive of divested loans that were
left at Bank of America when FRC was spun back out of it in 2010 as
well as all single-family loans sold into the secondary market.
Nonperforming assets as a percentage of gross loans plus other real
estate owned was 0.08% at fourth quarter of 2017 (4Q17), down from
0.12% a year prior. This credit performance is unparalleled in the
industry and supportive of affirmation and the Stable Outlook.

Offsetting these strengths is FRC's above-peer levels of loan
growth in a competitive lending environment. The bank grew loans
organically by 18% annually on average over the last four years.
Fitch views FRC's growth cautiously since it presents unique
challenges in terms of effectively maintaining profitability as
well as the infrastructure and scale to support the growing
franchise. Nevertheless, the vast majority of FRC's growth stems
from real-estate lending, especially residential real estate, which
Fitch believes has proven to be a core competency for the bank.

Earnings remain reasonable relative to FRC's rating and risk
profile. The bank's reported a return on average assets of 95bps
for 2017 which is 7bps lower than 2016. The decline was largely
driven by a pressured net interest margin and negative operating
leverage despite strong asset and revenue growth. Meaningful
investments in technology related to improving the customer
experience as well as talent acquisitions drove its efficiency
ratio up to 62.8% in 2017 from 60.5% in 2016. Fitch expects
earnings to remain pressured and relatively flat in 2018 as deposit
competition intensifies and the bank competes on price to build
market share.

Fitch notes that at 16.9% for fiscal year (FY) 2017, FRC's
effective tax rate is already lower than that of most banks in the
industry as well as the new corporate tax rate of 21%. Accordingly,
the ratings incorporate Fitch expectation that the recently enacted
tax reform legislation is not expected to bring any earnings upside
for FRC and could even be a modestly negative earnings driver over
the ratings horizon.

Fitch views the spread-reliant nature of FRC's earnings as a rating
constraint over time. Over the long term, FRC's growing wealth
management business could help to diversify earnings. Total wealth
management assets were $107 billion at 4Q17, up from $20.2 billion
at year-end (YE) 2011. Meanwhile, FRC continues to acquire wealth
management advisor teams. These initiatives, while costly in the
near term evidenced by a higher efficiency ratio, fit within FRC's
long-term strategy of providing a full suite of products to its
high net worth clients as well as diversifying its revenue base.

Fitch views FRC's conservative capital management practices as
commensurate with the ratings. The bank completed two common stock
offerings as well as a subordinated debt offering in 2017 and
maintained modest dividends on common and preferred stock with a
total pay-out rate in the 20%-25% range. These actions have
supported the high levels of asset growth which continues to exceed
capital formation. The bank's estimated fully phased-in CET 1
capital ratio stood at 10.57% as of 4Q17, down from 10.64% a year
prior but in line with the rating and Stable Outlook.

Funding and liquidity remain supportive of FRC's rating as well. As
of FYE17, FRC's high quality liquid assets represented 12.4% of
average total assets, a reasonable amount relative to the overall
ratings. Furthermore, deposit growth in excess of loan growth has
resulted in the bank's improved loan-to-deposit ratio to well below
historic levels and measured 91% as of FYE2017. Fitch notes that
FRC's deposit pricing has increased notably over the last year with
its cost of deposits up to 28bps at 4Q17 from 15bps at 4Q16.
However, in the context of overall Fed rate increases, FRC's
realized deposit beta remains below that of the industry at just
11%, pointing to its strong deposit franchise.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

FRC's preferred stock is notched five levels below its Viability
Rating (VR) of 'a-', two times for loss severity and three times
for non-performance. The subordinated debt rating is notched one
level below its VR of 'a-' for loss severity. These ratings are in
accordance with Fitch's criteria and assessment of the instruments'
non-performance and loss severity risk profiles and have thus been
affirmed due to the affirmation of the VR.

LONG- AND SHORT-TERM DEPOSIT RATINGS

The uninsured deposit ratings of FRC are rated one notch higher
than its IDR because U.S. uninsured deposits benefit from depositor
preference. Fitch believes such preference gives deposit
liabilities superior recovery prospects in the event of default.

SUPPORT RATING AND SUPPORT RATING FLOOR

FRC has a Support Rating of '5' and Support Rating Floor of 'NF'.
In Fitch's view, Fitch believes FRC is not systemically important
and, therefore, the probability of support from the U.S. Government
is unlikely. IDRs and VRs do not incorporate any support.

RATING SENSITIVITIES
IDR, VR AND SENIOR DEBT

Fitch sees limited upside rating potential given FRC's high loan
growth and its asset and revenue concentrations. Upward rating
movement would likely be predicated on lower loan growth and
further product and revenue diversification while maintaining
financial performance comparable to higher rated peers. Fitch does
not expect these events to occur in the near- to medium term.

Negative pressure could be placed on FRC's rating or Outlook should
Fitch observe the company loosening its credit standards, such as a
weakening of FICO scores or LTVs or if adverse trends emerge in its
loan portfolio such as an increase in early delinquency rate. The
ratings and Outlook would also be sensitive to a more aggressive
capital management posture such as the CET 1 ratio declining below
9%.

FRC's ratings could also be adversely affected if Fitch believes
the company is experiencing strategic drift away from its core
competencies. This could be evident in acquisitions or in excessive
loan growth in asset classes that are not in line with management's
stated strategy.

Fitch notes that FRC continues to grow its Eagle Gold All-in-One
student loan refinancing offering. While not currently expected, to
the extent that early warning signs of credit deterioration stem
from this portfolio, negative ratings pressure could ensue.

Moreover, should Fitch observe FRC's earnings performance begin to
lag similarly rated peers due to either asset quality deterioration
or because of the need to invest in risk management systems over
and above Fitch's expectations, pressure could be placed on either
FRC's rating or Outlook.

Finally, although somewhat mitigated by insurance, Fitch would
likely view a major or other natural disaster earthquake in one of
FRC's primary operating markets that led to outsized credit losses
as a credit negative that could put pressure on the bank's
ratings.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

The ratings for FRC's subordinated debt and preferred stock are
sensitive to any change to FRC's VR.

LONG- AND SHORT-TERM DEPOSIT RATINGS

The long- and short-term deposit ratings are sensitive to any
change to FRC's long- and short-term IDR.

SUPPORT RATING AND SUPPORT RATING FLOOR

Since FRC's Support and Support Rating Floors are '5' and 'NF',
respectively, there is limited likelihood that these ratings will
change over the foreseeable future.

Fitch has affirmed the following ratings:

First Republic Bank
-- Long-Term IDR at 'A-'; Outlook Stable
-- Short-Term IDR at 'F1';
-- Viability Rating at 'a-';
-- Long-term deposit at 'A';
-- Short-Term deposits at 'F1';
-- Senior Unsecured at 'A-';
-- Subordinated debt at 'BBB+';
-- Preferred stock at 'BB';
-- Support Floor 'NF';
-- Support '5'.


FRONTIER COMMUNICATIONS: Bank Debt Trades at 4.44% Off
------------------------------------------------------
Participations in a syndicated loan under which Frontier
Communications Corp is a borrower traded in the secondary market at
95.56 cents-on-the-dollar during the week ended Friday, January 12,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 0.74 percentage points from
the previous week. Frontier Communications Corp pays 375 basis
points above LIBOR to borrow under the $1.500 billion facility. The
bank loan matures on June 15, 2024 and Moody's B2 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 January
12.


GENERAL NUTRITION: Bank Debt Trades at 17.48% Off
-------------------------------------------------
Participations in a syndicated loan under which General Nutrition
Centers is a borrower traded in the secondary market at 82.52
cents-on-the-dollar during the week ended Friday, January 12, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 1.22 percentage points from the
previous week. General Nutrition Centers pays 250 basis points
above LIBOR to borrow under the $1.375 billion facility. The bank
loan matures on Mar. 4, 2019 and Moody's B3 rating and Standard &
Poor's CC 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 January 12.


GETTY IMAGES: Bank Debt Trades at 8.51% Off
-------------------------------------------
Participations in a syndicated loan under which Getty Images Inc is
a borrower traded in the secondary market at 91.49
cents-on-the-dollar during the week ended Friday, January 12, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.09 percentage points from the
previous week. Getty Images Inc pays 350 basis points above LIBOR
to borrow under the $1.900 billion facility. The bank loan matures
on Oct. 3, 2019 and Moody's B3 rating and Standard & Poor's CCC
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 January 12.


GRAFTECH INTERNATIONAL: Submits Draft Statement for Proposed IPO
----------------------------------------------------------------
GrafTech International Ltd. said it has confidentially submitted a
draft registration statement on Form S-1 with the Securities and
Exchange Commission relating to the proposed initial public
offering of the Company's common stock by its sole stockholder, an
affiliate of Brookfield Business Partners LP, a publicly listed
business services and industrials company of Brookfield Asset
Management Inc.  The number of shares to be offered and the price
range for the proposed offering have not yet been determined.  The
initial public offering is expected to commence after the SEC
completes its review process, subject to market and other
conditions.

                  About Graftech International

Headquartered in Independence, Ohio, Graftech International Ltd. --
http://www.graftech.com-- is a manufacturer of a broad range of
graphite electrodes, products essential to the production of
electric arc furnace steel and various other ferrous and nonferrous
metals.

Graftech reported a net loss of $235.8 million for the year ended
Dec 31, 2016.  Graftech had a net loss of $33.5 million for the
period Aug. 15, 2015, through Dec. 31, 2015, and its predecessor
had a net loss of $120.6 million for Jan. 1 to Aug. 14, 2015.  

As of Sept. 30, 2017, Graftech had $1.12 billion in total assets,
$569.12 million in total liabilities and $550.88 million in total
stockholders' equity.

                          *     *     *

"We believe that we have adequate liquidity to meet our needs,"
said the Company in its quarterly report for the period ended Sept.
30, 2017.  As of Sept. 30, 2017, the Company had cash and cash
equivalents of $16.4 million, long-term debt of $320.4 million,
short-term debt of $13.3 million and stockholder's equity of $551
million.

As reported by the TCR on Dec. 15, 2017, S&P Global Ratings raised
its corporate credit rating on Independence, Ohio-based GrafTech
International Ltd. to 'B' from 'CCC+'.  The outlook is positive.
The upgrade reflects the exponential improvement in spot graphite
electrode pricing to a high of nearly $30,000 per metric tonne (mt)
from a low of roughly $2,500/mt in less than a year due largely to
supply-side reforms in China.

In December 2017, Moody's Investors Service upgraded all ratings
for GrafTech International Ltd., including the Corporate Family
Rating ("CFR") to 'B2' from Caa1 and the senior unsecured rating to
'B3' from 'Caa2', to conclude the review initiated on Oct. 19,
2017.  Moody's also upgraded the Speculative Grade Liquidity Rating
("SGL") to SGL-2 from SGL-3.  The rating outlook is positive.
"GrafTech's financial performance and credit metrics will
strengthen considerably on significantly higher averaged realized
prices for graphite electrodes in 2018," said Ben Nelson, Moody's
Vice President -- Senior Credit Officer and lead analyst for
GrafTech International Ltd.

                          *     *     *

This concludes the Troubled Company Reporter's coverage of Graftech
International until facts and circumstances, if any, emerge that
demonstrate financial or operational strain or difficulty at a
level sufficient to warrant renewed coverage.


GREGORY APANOWICZ: Johnsons Buying Barrackville Property for $185K
------------------------------------------------------------------
Gregory John Apanowicz asks the U.S. Bankruptcy Court for the
Northern District of West Virginia to authorize the sale of the
residence located at 414 Manley Street, Barrackville, West Virginia
to Zachary K. and Rebecca R. Johnson for $185,000.

First Exchange Bank holds a lien o the Property.  The Debtor has
entered into the Real Estate Purchase Agreement with the Buyers for
the sale of Property for $185,000, with $1,000 as earnest money
made payable to Floyd Real Estate.

A copy of the Agreement attached to the Motion is available for
free at:

     http://bankrupt.com/misc/Gregory_Apanowicz_176_Sales.pdf

The Property has been for sale for almost two years and since last
summer with Floyd Real Estate and this has been the highest and
best offer received during that time.  An Order for Employment was
entered to compensate his realtor, the sum of $4,000 or 6% for this
sale.  The Debtor will also be responsible for pro-rated taxes,
deed preparation and transfer stamps of approximately $792, so
approximately $169,280 would be available to pay the lien-holder,
1st Exchange Bank on this lien.

The Debtor prays that the Court approves the proposed sale, and
compel the creditor, First Exchange Bank, to release the DOT/lien
for the net proceeds after deducting for the costs of the sale.

The Purchasers:

          Zachary K. and Rebecca R. Johnson
          709 Saxman St.
          Barrackville, WV 26559

The Creditor:

          FIRST EXCHANGE BANK
          11 W. Main Street
          Mannington, WV 26582

Gregory John Apanowicz sought Chapter 11 protection (Bankr. N.D.
W.Va. Case No. 17-00595) on June 2, 2017.  The Debtor tapped D.
Conrad Gall, Esq., as counsel.


HARBORVIEW TOWERS: Court Narrows Claims in Clark et al.'s Lawsuit
-----------------------------------------------------------------
Judge Michelle M. Harner of the U.S. Bankruptcy Court for the
District of Maryland grants in part and denies in part the Council
of Unit Owners of the 100 Harborview Drive Condominium's third
motion and the Creditors' motion for summary judgment.

The claims at issue in this adversary proceeding have spawned years
of litigation between the parties. Although the claims are
multifaceted, those addressed by the Court focus on alleged damage
to, and a failure to repair and maintain, a condominium unit owned
by Creditors Dr. Paul C. Clark.  Dr. Clark and his family, Ms.
Rebecca Delorme and Paul Clark, Jr., moved into the unit in
November 2009 and moved out of the unit in March 2010. The
Creditors allege that the damage to the unit remains and that the
unit has not been inhabitable since March 2010. The Debtor disputes
that the unit is uninhabitable and that it has failed to repair and
maintain the unit as required by applicable law and the Debtor’s
governing documents.

The parties have each filed motions for partial summary judgment on
claims relating to the alleged damage to the unit. The Debtor filed
its third motion for summary judgment and the Creditors filed a
motion for partial summary judgment, memorandum of law in support,
and a line attaching affidavits.

The Court finds that the record shows no genuine issue of material
fact with respect to the following: (i) the Creditors' breach of
fiduciary duty and breach of contract claims, and any related
damages, based on facts, allegations, or conduct arising on or
prior to Feb. 23, 2012, are barred under the doctrine of res
judicata by a 2012 decision of the Baltimore City Circuit Court;
(ii) the Debtor breached its duty to maintain and repair the unit,
but only as to facts and conduct occurring after Feb. 23, 2012; and
(iii) the Creditors do not have sustainable claims for attorney's
fees or punitive damages.

The Court thus will grant summary judgment on this specific and
limited relief requested in the respective motions. The Court is
not granting summary judgment or any relief on the remaining
aspects of the motions, including whether Ms. Delorme or Paul
Clark, Jr. is a third party beneficiary of the contract, or whether
the Debtor has any valid defenses to the breach of contract claim
or, if no comprehensive defense, the amount of the Creditors'
damages. Those issues will proceed to trial as previously scheduled
in this contested matter.

A full-text copy of Judge Harner's Memorandum Opinion dated Jan.
18, 2018 is available at:

     http://bankrupt.com/misc/mdb16-13049-650.pdf

Council of Unit Owners of the 100 Harborview Drive Condominium,
Debtor, represented by Lisa Yonka Stevens, Yumkas, Vidmar, Sweeney
& Mulrenin, LLC, Paul Sweeney, Yumkas, Vidmar, Sweeney & Mulrenin,
LLC & Craig B. Zaller, Nagle & Zaller, P.C.

US Trustee, U.S. Trustee, represented by Hugh M. Bernstein, Office
of U.S. Trustee.

                      About the Debtor

Council of Unit Owners of the 100 Harborview Drive Condominium, a
condominium association, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Md. Case No. 16-13049) on March 9,
2016.

The petition was signed by Dr. Reuben Mezrich, president. The
Debtor is represented by Paul Sweeny, Esq., at Yumkas, Vidmar,
Sweeney & Mulrenin, LLC. Judge James F. Schneider is assigned to
the case. The Debtor estimated assets and liabilities at $10
million to $50 million.


HARBORVIEW TOWERS: Not Guilty of Violating FHA, Court Rules
-----------------------------------------------------------
Judge Michelle M. Harner of the U.S. Bankruptcy Court for the
District of Maryland grants the Council of Unit Owners of the 100
Harborview Drive Condominium's second motion for partial summary
judgment relating to the proofs of claim filed in this chapter 11
case by creditors Dr. Paul C. Clark, Ms. Rebecca Delorme, and Paul
Clark, Jr.

The Debtor sought summary judgment denying all aspects of the
Creditors' claims based on alleged violations of the Fair Housing
Act.

The Creditors generally allege that the Debtor discriminated
against them because of their familial status and, as a result,
violated sections 3604(a), 3604(b), and 3617 of the FHA. They also
assert a claim of racial discrimination under the FHA.

The Debtor contends that it is entitled to judgment as a matter of
law because the record shows that it did not discriminate or
retaliate against the Creditors based on their familial status or
on account of race in violation of the FHA. The Creditors believe
that many, if not most, of the Debtor's acts with respect to the
Creditors since 2009 were based on the Creditors' familial status.
They also argue that the Debtor's handling of their situation was
based on the race of the neighbor submitting the noise complaints.


The Court considered the record as a whole to determine whether the
entirety of the Debtor's conduct evidenced a discriminatory intent
towards the Creditors based on their familial status. It does not.
What the record shows is tension among two neighbors and
frustration by both regarding the Debtor's Board of Directors'
handling of the situation. Unfortunately, a child was caught in the
crossfire. But the Creditors have not presented evidence to show
that the child's presence in this dispute was a motivating reason
for the Debtor's and the Board's decisions and conduct. Rather, the
evidence supports the Debtor's legitimate reasons; the Board was
trying to resolve a dispute among neighbors and, again
unfortunately, the identification of the child as the alleged or
assumed source of the noise was a fact they had to discuss in
evaluating the dispute. That fact did not, however, emerge in the
evidence as a motivating factor or the real reason for the Debtor's
decisions and conduct. The Creditors did not establish a genuine
issue of material fact on their claims under section 3604(a) or
3604(b) of the FHA.

The Creditors also did not produce evidence to refute the Debtor's
claim or suggest that race was a motivating factor in, or the real
reason for, the Debtor's decisions or conduct. As with the familial
status claims, the Debtor may have discussed race (or the fact that
a child was involved), but the record does not show that the Debtor
was motivated to act because of race or familial status. The
evidence does not raise a genuine issue of material fact on this
aspect of the FHA Claim.

A full-text copy of the Judge Harner's Memorandum Opinion dated
Jan. 18, 2018 is available at:

     http://bankrupt.com/misc/mdb16-13049-648.pdf

Council of Unit Owners of the 100 Harborview Drive Condominium,
Debtor, represented by Lisa Yonka Stevens, Yumkas, Vidmar, Sweeney
& Mulrenin, LLC, Paul Sweeney, Yumkas, Vidmar, Sweeney & Mulrenin,
LLC & Craig B. Zaller, Nagle & Zaller, P.C.

US Trustee, U.S. Trustee, represented by Hugh M. Bernstein, Office
of U.S. Trustee.

                      About the Debtor

Council of Unit Owners of the 100 Harborview Drive Condominium, a
condominium association, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Md. Case No. 16-13049) on March 9,
2016.

The petition was signed by Dr. Reuben Mezrich, president. The
Debtor is represented by Paul Sweeny, Esq., at Yumkas, Vidmar,
Sweeney & Mulrenin, LLC. Judge James F. Schneider is assigned to
the case. The Debtor estimated assets and liabilities at $10
million to $50 million.


HUNT COMPANIES: S&P Assigns 'BB-' ICR, Outlook Stable
-----------------------------------------------------
S&P Global Ratings said it assigned its 'BB-' issuer credit rating
to Hunt Companies Inc. The outlook is stable. S&P said, "We also
assigned our 'BB-' issue rating on Hunt's new $550 million senior
secured notes. The recovery rating on the notes is '4', reflecting
our expectation for average recovery (35%) in a default scenario.
We also assigned a rating of 'BB-' to Hunt's existing senior
secured notes. The recovery rating on the existing notes is '4',
reflecting our expectation for average recovery (35%) in a default
scenario."

S&P said, "Our ratings on Hunt reflects the company's leverage,
potential volatility associated with asset sales and capital
redeployment, and operational risk arising from the company's
organizational structure. Countering these weaknesses is the
company's growing market position in select segments and earnings
contribution from multiple business lines.

"Our outlook on Hunt is stable, which reflects our expectation that
Hunt will generate relatively stable EBITDA from ongoing
operations, but periodic sales of properties or business units
could cause reported earnings to be uneven until capital is
redeployed. Hunt has made several acquisitions and divestitures
over the past few years as it sought to redeploy capital and
maximize shareholder returns. Although such transactions create an
added layer of volatility to reported earnings, we expect they will
not substantially weaken leverage because cash available to repay
debt will counterbalance lost earnings from businesses that are
sold.

"We could lower rating or revise our outlook to negative over the
next six to 12 months if earnings deteriorate and we believe
leverage, measured as net recourse debt to EBITDA, were to exceed
4.0x over a sustained period. We could also lower the rating if the
company's organizational structure limits financial flexibility, if
recurring revenue sources as a proportion of total revenue
declines, or if the company's net asset value significantly
declined.

"We believe an upgrade is unlikely over the next one to two years.
Over time, we could upgrade Hunt if the company increased its
EBITDA coverage of interest above 3.0x while maintaining its net
recourse debt to EBITDA below 4.0x on a persistent basis."


IHEARTCOMMUNICATIONS INC: Extends Notes Private Offers to Feb. 16
-----------------------------------------------------------------
iHeartCommunications, Inc., is extending the private offers to
holders of certain series of iHeartCommunications' outstanding debt
securities to exchange the Existing Notes for new securities of
iHeartMedia, Inc., CC Outdoor Holdings, Inc. and
iHeartCommunications, and the related solicitation of consents from
holders of Existing Notes to certain amendments to the indentures
and security documents governing the Existing Notes.

The Exchange Offers and Consent Solicitations were previously
scheduled to expire on Jan. 19, 2018, at 5:00 p.m., New York City
time, and will now expire on Feb. 16, 2018, at 5:00 p.m., New York
City time.  The deadline to withdraw tendered Existing Notes in the
Exchange Offers and revoke consents in the Consent Solicitations
has also been extended to 5:00 p.m., New York City time, on Feb.
16, 2018.  iHeartCommunications is extending the Exchange Offers
and Consent Solicitations to continue discussions with holders of
Existing Notes regarding the terms of the Exchange Offers and to
continue discussions with lenders under its Term Loan D and Term
Loan E facilities in connection with the concurrent private offers
made to those lenders, which iHeartCommunications announced today
will now expire at 5:00 p.m., New York City time, on Feb. 16,
2018.

As of 5:00 p.m., New York City time, on Jan. 17, 2018, an aggregate
amount of approximately $36.7 million of Existing Notes,
representing approximately 0.4% of outstanding Existing Notes, had
been tendered into the Exchange Offers.

The terms of the Exchange Offers and Consent Solicitations have not
been amended and remain the same as set forth in the Amended and
Restated Offering Circular and Consent Solicitation Statement,
dated April 14, 2017, as supplemented by Supplement No. 1.

The Exchange Offers and Consent Solicitations, which are only
available to holders of Existing Notes, are being made pursuant to
the Offering Circular, and are exempt from registration under the
Securities Act of 1933.  The New Securities, including the new debt
of iHeartCommunications and related guarantees, will be offered
only in reliance on exemptions from registration under the
Securities Act.  The New Securities have not been registered under
the Securities Act, or the securities laws of any state or other
jurisdiction, and may not be offered or sold in the United States
without registration or an applicable exemption from the Securities
Act and applicable state securities or blue sky laws and foreign
securities laws.

Documents relating to the Exchange Offers and Consent Solicitations
will only be distributed to holders of the Existing Notes that
complete and return a letter of eligibility.  Holders of Existing
Notes that desire a copy of the letter of eligibility must contact
Global Bondholder Services Corporation, the exchange agent and
information agent for the Exchange Offers and Consent
Solicitations, by calling toll-free (866) 470-3700 or at (212)
430-3774 (banks and brokerage firms) or visit the following website
to complete and deliver the letter of eligibility in electronic
form: http://gbsc-usa.com/eligibility/ihc-bondoffers.

                    About iHeartMedia, Inc. and
                     iHeartCommunications, Inc.

iHeartMedia, Inc. (PINK:IHRT), the parent company of
iHeartCommunications, Inc., is a global media and entertainment
company.  Based in San Antonio, Texas, iHeartCommunications
specializes in radio, digital, outdoor, mobile, social, live
events, on-demand entertainment and information services for local
communities, and uses its unparalleled national reach to target
both nationally and locally on behalf of its advertising partners.
The Company's outdoor business reaches over 34 countries across
five continents.

iHeartCommunications reported a net loss attributable to the
Company of $296.31 million in 2016, a net loss attributable to the
Company of $754.6 million in 2015, and a net loss attributable to
the Company of $793.8 million in 2014.  As of Sept. 30, 2017,
iHeartCommunications had $12.25 billion in total assets, $23.93
billion in total liabilities and a total stockholders' deficit of
$11.67 billion.

                           *    *    *

In March 2017, Fitch Ratings downgraded iHeartCommunications,
Inc.'s Long-Term Issuer Default Rating (IDR) to 'C' from 'CC'.  The
downgrade reflects iHeart's announcement on March 15, 2017, that
the company has commenced a global restructuring effort targeting
approximately $14.6 billion in debt including all of the
outstanding Term Loans and PGNs as well as the senior notes due
2021.

Also in March 2017, S&P Global Ratings lowered its corporate credit
rating on Texas-based media company iHeartMedia Inc. and its
subsidiary iHeartCommunications Inc. to 'CC' from 'CCC'.  The
rating outlook is negative.  The downgrade follows
iHeartCommunications' announcement that it has offered to exchange
five series of priority-guarantee notes, its senior notes due 2021,
and its term loan D and E for longer-dated debt; and, in certain
scenarios, stock and warrants, or contingent value rights.  "Under
all but one scenario, there would be a reduction in the principal
amount of debt outstanding and an extension of the debt maturity by
two years for exchanged debt," said S&P Global Ratings' credit
analyst Jeanne Shoesmith.  "The company's debt is trading at
significant discounts to par of 20%-60%, and we believe its capital
structure is unsustainable."

In December 2016, Moody's Investors Service affirmed
iHeartCommunications, Inc.'s 'Caa2' Corporate Family Rating.


IHEARTCOMMUNICATIONS INC: Extends Private Term Loan Offers
----------------------------------------------------------
iHeartCommunications, Inc., is extending the deadline for
participation in the private offers to lenders under its Term Loan
D and Term Loan E facilities to amend the Existing Term Loans.  The
Term Loan Offers have been extended to 5:00 p.m., New York City
time, on Feb. 16, 2018.  iHeartCommunications is extending the Term
Loan Offers to continue discussions with lenders regarding the
terms of the Term Loan Offers.

The terms of the Term Loan Offers have not been amended and remain
the same as set forth in the Confidential Information Memorandum,
dated March 15, 2017, as supplemented by Supplements No. 1 through
No. 5.

The Term Loan Offers, which are only available to holders of
Existing Term Loans, are being made pursuant to the Confidential
Information Memorandum, and are exempt from registration under the
Securities Act of 1933.  The new securities of iHeartMedia, Inc.,
CC Outdoor Holdings, Inc., Broader Media, LLC and/or
iHeartCommunications being offered in the Term Loan Offers are
offered only in reliance on exemptions from registration under the
Securities Act.  The New Securities have not been registered under
the Securities Act, or the securities laws of any state or other
jurisdiction, and may not be offered or sold in the United States
without registration or an applicable exemption from the Securities
Act and applicable state securities or blue sky laws and foreign
securities laws.

Documents relating to the Term Loan Offers will only be distributed
to holders of Existing Term Loans that complete and return a letter
of eligibility. Holders of Existing Term Loans that desire a copy
of the letter of eligibility must contact Global Bondholder
Services Corporation, the tabulation agent and information agent
for the Offers, by calling toll-free (866) 470-3700 or at (212)
430-3774 (banks and brokerage firms) or visit the following website
to complete and deliver the letter of eligibility in electronic
form: http://gbsc-usa.com/eligibility/ihc-termloanoffers.

                    About iHeartMedia, Inc. and
                     iHeartCommunications, Inc.

iHeartMedia, Inc. (PINK:IHRT), the parent company of
iHeartCommunications, Inc., is a global media and entertainment
company.  Based in San Antonio, Texas, iHeartCommunications
specializes in radio, digital, outdoor, mobile, social, live
events, on-demand entertainment and information services for local
communities, and uses its unparalleled national reach to target
both nationally and locally on behalf of its advertising partners.
The Company's outdoor business reaches over 34 countries across
five continents.

iHeartCommunications reported a net loss attributable to the
Company of $296.31 million in 2016, a net loss attributable to the
Company of $754.6 million in 2015, and a net loss attributable to
the Company of $793.8 million in 2014.  As of Sept. 30, 2017,
iHeartCommunications had $12.25 billion in total assets, $23.93
billion in total liabilities and a total stockholders' deficit of
$11.67 billion.

                           *    *    *

In March 2017, Fitch Ratings downgraded iHeartCommunications,
Inc.'s Long-Term Issuer Default Rating (IDR) to 'C' from 'CC'.  The
downgrade reflects iHeart's announcement on March 15, 2017, that
the company has commenced a global restructuring effort targeting
approximately $14.6 billion in debt including all of the
outstanding Term Loans and PGNs as well as the senior notes due
2021.

Also in March 2017, S&P Global Ratings lowered its corporate credit
rating on Texas-based media company iHeartMedia Inc. and its
subsidiary iHeartCommunications Inc. to 'CC' from 'CCC'.  The
rating outlook is negative.  The downgrade follows
iHeartCommunications' announcement that it has offered to exchange
five series of priority-guarantee notes, its senior notes due 2021,
and its term loan D and E for longer-dated debt; and, in certain
scenarios, stock and warrants, or contingent value rights.  "Under
all but one scenario, there would be a reduction in the principal
amount of debt outstanding and an extension of the debt maturity by
two years for exchanged debt," said S&P Global Ratings' credit
analyst Jeanne Shoesmith.  "The company's debt is trading at
significant discounts to par of 20%-60%, and we believe its capital
structure is unsustainable."

In December 2016, Moody's Investors Service affirmed
iHeartCommunications, Inc.'s 'Caa2' Corporate Family Rating.


INFINITE CARE: Public Auction of All Property Set for Jan. 29
-------------------------------------------------------------
Secured party Harvest Capital Credit Corporation will offer for
sale at public auction all property of Infinite Care LLC on Jan.
29, 2018, at 10:00 a.m. (Eastern Time) at the offices of Nelson
Mullins Riley & Scarborough LLP, 280 Park Avenue, 15th Floor West,
New York, in accordance with Section 9-610 of the Uniform
Commercial Code in effect in the State of New York.

By virtue of the power and authority contained in that certain
pledge agreement dated Feb. 29, 2016, made by Infinite Care
Holdings LLC ("guarantor"), in favor of the secured party, securing
all obligations in respect of loans in an aggregate original
principal amount of $7 million together with interest, fees and all
other amounts due under that the loan, guaranty and security
agreement entered into as of Feb. 29, 2016, by Infinite Care, and
other loan documents.

Interested parties who would like additional information regarding
the interests, the requirements to be a "qualified bidder", or the
terms of the sale should contact:

   William R. Gaines, Jr.
   Nelson Mullins Riley & Scarborough LLP
   Atlantic Station
   201 17th Street NW, Suite 1700
   Atlanta, GA 30363
   Tel: 404.322.6518
   Fax: 404.322.6050
   E-mail: will.gaines@nelsonmullins.com

Based in Colorado, Infinite Care LLC provides urgent care, primary
care, occupational medicine, and specialty healthcare service
clinics to patients.


IVANTI SOFTWARE: Bank Debt Trades at 5.19% Off
----------------------------------------------
Participations in a syndicated loan under which Ivanti Software Inc
(FKA LANDesk Group Inc) is a borrower traded in the secondary
market at 94.81 cents-on-the-dollar during the week ended Friday,
January 12, 2018, according to data compiled by LSTA/Thomson
Reuters MTM Pricing.  This represents a decrease of 1.03 percentage
points from the previous week. Ivanti Software Inc (FKA LANDesk
Group Inc) pays 425 basis points above LIBOR to borrow under the
$825 million facility. The bank loan matures on Jan. 20, 2024 and
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 January 12.


J & J CHEMICAL: Court Approves Trustee's Modified Disclosures
-------------------------------------------------------------
Judge Jim D. Pappas of the U.S. Bankruptcy Court for the District
of Idaho issued an order approving the Trustee's modified
disclosure statement, dated Jan. 12, 2018, for J & J Chemical Inc.

Feb. 14, 2018, is fixed as the last day for submitting written
acceptances or rejections of the Plan of Reorganization and the
last day for filing and serving written objections to confirmation
of the Plan of Reorganization.

Feb. 21, 2018, at 1:30 p.m. is fixed for the hearing on
confirmation of the Plan of Reorganization at the U.S. Bankruptcy
Court located on the 2nd Floor of the United States Courthouse, 801
E. Sherman Street, Pocatello ID 83201.

                       About J & J Chemical

J & J Chemical, Inc., of Blackfoot, Idaho, is a commercial laundry
repair and maintenance company.

The Debtor filed for Chapter 11 protection (Bankr. D. Idaho Case
No. 17-40037) on Jan. 19, 2017, estimating assets and liabilities
of less than $500,000.  The Debtor was represented by Brent T.
Robinson of Robinson & Tribe.  

The case is assigned to Jedge Jim D. Pappas.  

Wayne Klein was appointed as Chapter 11 trustee for the Debtor.
The trustee hired Cosho Humphrey, LLP as his bankruptcy counsel.


J.G. WENTWORTH: Davis Polk Advised Admin. Agent in Case
-------------------------------------------------------
Davis Polk advised the administrative agent for the $449.5 million
prepetition senior secured credit facility of The J.G. Wentworth
Company in connection with the successful chapter 11 restructuring
of The J.G. Wentworth Company.  On January 17, 2018, The J.G.
Wentworth Company's plan of reorganization, which Davis Polk played
a leading role in structuring and negotiating, was confirmed by the
Bankruptcy Court for the District of Delaware. The J.G. Wentworth
Company is expected to emerge from bankruptcy shortly; the
reorganized company will have its loans under the prepetition
credit facility fully extinguished from its balance sheet, obtain a
new secured revolving credit facility of up to $70 million and
significantly reduce its annual debt service and net leverage.

Prior to The J.G. Wentworth Company's December 12, 2017, bankruptcy
filing, Davis Polk, in connection with its role advising the
administrative agent in the restructuring, worked with a steering
committee of lenders in negotiating a restructuring support
agreement with The J.G. Wentworth Company.  Members of the steering
committee represent holders of over 87% of the credit facility
principal outstanding and upon emergence, the steering committee
will own a substantial majority of the equity of the reorganized
company.

The J.G. Wentworth Company is engaged in providing
direct-to-consumer access to financing solutions through mortgage
lending and refinancing, structured settlement, annuity and lottery
payment purchasing, prepaid cards and access to providers of
personal loans in the United States.  The company is headquartered
in Radnor, Pennsylvania.

The Davis Polk restructuring team included partner Damian S.
Schaible and associates Natasha Tsiouris, Stephen D. Piraino and
Erik Jerrard.  The corporate team included partner Leonard Kreynin
and associate Bryan M. Quinn.  The credit team included partner
Meyer C. Dworkin and associate Scott G. Johnsson.  Partner Kathleen
L. Ferrell provided tax advice.  Counsel Ann Becchina provided
executive compensation advice.  All members of the Davis Polk team
were based in the New York office.

                      About J.G. Wentworth

Headquartered in Radnor, Pennsylvania, Orchard Acquisition Company,
LLC, and The J.G. Wentworth Company, LLC, provide
direct-to-consumer access to financing solutions through a variety
of avenues, including: mortgage lending,structured settlements,
annuity and lottery payment purchasing, prepaid cards, and conduits
to personal loan providers.  As of Sept. 30, 2017, the Company had
725 full-time employees.

Orchard Acquisition and certain of its affiliates filed for
bankruptcy protection (Bankr. D. D., Case No. 17-12914) on Dec. 12,
2017.  Stewart Stockdale, chief executive officer, signed the
petitions.

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

Young Conaway Stargatt & Taylor, LLP and Simpson Thacher & Bartlett
LLP serve as counsel to the Debtors.  KPMG LLP serves as
restructuring advisor, Ernt & Young LLP as audirot, Evercore Group
as investment banker, Ankura Consulting Group LLC as transaction
advisor, and Prime Clerk LLC as administrative advisor, and
noticing and claims agent.


J.G. WENTWORTH: Term Claimants to Get 95.5% of Shares Under Plan
----------------------------------------------------------------
Orchard Acquisition Company, LLC, and its affiliated debtors filed
with the U.S. Bankruptcy Court an amended joint pre-packaged plan
of reorganization dated Jan. 12, 2018.

Class 1 under the Amended Plan consists of all Term Loan Claims.
Notwithstanding anything contained in the Plan to the contrary, (a)
the Term Loan Claims will be Allowed in an aggregate principal
amount of approximately $449.5 million, plus any accrued and unpaid
interest at the non-default rate as of the Petition Date plus all
other unpaid and outstanding Obligations, as applicable and (b)
such Term Loan Claims shall not be subject to disallowance,
set-off, recoupment, subordination, recharacterization or reduction
of any kind.

Each Holder of an Allowed Term Loan Claim will receive its Pro Rata
share of (a) the Term Lender Cash Consideration and (b) 95.5% of
the New Common Equity in the form of New Class A Common Stock,
which New Common Equity is subject to dilution on and after the
Effective Date by the MIP; provided, that the percentage of the New
Common Equity allocable to all Holders of an Allowed Term Loan
Claim will increase to the extent that Holders of an Allowed
Existing Partnership Interest elect to receive the Partnership Cash
Consideration (or, in the case of PubCo and the Blocker Entity, as
Holders of Allowed Existing Partnership Interests, to the extent
elected by Holders of Allowed TRA Claims on account of their Claims
against PubCo).

On the Effective Date, the reorganized capital structure of the
Reorganized Debtors will consist of (i) the New RCF, (ii) the New
Partnership Interests, (iii) New Class A Common Stock, including
the MIP Equity reserved for issuance by the New Board, and (iv) New
Class B Common Stock.

A full-text copy of the Amended Plan is available at:

       http://bankrupt.com/misc/deb17-12914-135-1.pdf

                  About Orchard Acquisition and
                         J.G. Wentworth

Based in Radnor, Pennsylvania, Orchard Acquisition Company, LLC, et
al. -- http://www.jgw.com/-- provide direct-to-consumer access to
financing solutions through a variety of avenues, including:
mortgage lending, structured settlements, annuity and lottery
payment purchasing, prepaid cards, and conduits to personal loan
providers.  The Company's direct-to-consumer businesses use digital
channels, television, direct mail, and other channels to offer
access to financing solutions.  The Company warehouses,
securitizes, sells, or otherwise finances the assets that it
purchases in transactions that are structured to ultimately
generate cash proceeds to it that exceed the purchase price it paid
for those assets.  As of Sept. 30, 2017, the Company had 725
full-time employees.

Orchard Acquisition Company, LLC, and four of its affiliates,
including The J.G. Wentworth Company, LLC, filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Lead Case No. 17-12914) on
Dec. 12, 2017.  Stewart A. Stockdale, chief executive
officer, signed the petitions.  At the time of filing, the Debtors
estimated assets of $100 million to $500 million and estimated
liabilities of $100 million to $500 million.

The cases are assigned to Judge Kevin Gross.

Elisha D. Graff, Esq., Kathrine A. McLendon, Esq., Edward R.
Linden, Esq., and Randi Lynn Veenstra, Esq., at Simpson Thacher &
Bartlett LLP, in New York; and Edmon L. Morton, Esq., Tara C.
Pakrouh, Esq., Elizabeth S. Justison, Esq., and Sean M. Beach,
Esq., at Young Conaway Stargatt & Taylor, LLP, in Wilmington,
Delaware serve as the Debtors' counsel.

The Debtors' investment banker is Evercore Group L.L.C.  The
Debtors' transaction aAdvisor is Ankura Consulting Group, LLC, in
New York.  The Debtors' noticing and claims agent and
administrative advisor is Prime Clerk LLC.  The Debtors' tax
consultant and restructuring advisor is KPMG LLP.  The Debtors'
auditor is Ernst & Young LLP.


JAMES SANDBERG: Selling 50% Interest in Torrington Home for $139K
-----------------------------------------------------------------
James R. Sandberg and Peggy D. Sandberg ask the U.S. Bankruptcy
Court for the District of Nebraska to authorize the sale of their
undivided one-half interest in a home located at 2310 East E
Street, Torrington, Wyoming, legally described as Lot 5, Block 3,
Coy's Addition to the Town of Torrington, Goshen County, Wyoming,
to Jennifer Metevier for $139,000.

The property was owned by Lois Hageman, the mother of James
Sandberg and his brother, Douglas Sandberg.  This was Mrs.
Hageman's residence for many years until she recently needed
additional and moved to a nursing home.  Thereafter, James Sandberg
was told by his brother, Douglas, that the mother had conveyed the
home to James and Douglas, as joint tenants, by a Warranty Deed
executed on Aug. 29, 2013, and recorded in the records of Goshen
County, Wyoming, on Sept. 3, 2003.

James Sandberg understands that his brother Douglas listed the home
for sale, after their mother moved to a nursing home, with Newman
Realty of Torrington, Wyoming, and a Purchase Agreement has been
accepted in an arm's-length offer for $139,000, which is a fair
market value for the home.  The realty company has provided a good
faith, sellers' settlement sheet, estimating the brokerage fees,
title insurance and closing fees, and the property tax proration,
in the amount of $9,651, leaving $129,349 to be divided between
James Sandberg and Douglas, approximately $64,674 to each of them.
The Buyer has provided in the Purchase Agreement for a closing no
later than Jan. 31, 2013.

The Debtors have filed an Amended Schedule A to add the undivided
one-half interest in the real estate as James Sandberg did not know
about the deed from his mother until recently.

James Sandberg is satisfied with the proposed sale and asks the
Court to approve the Motion.  He proposes to use the funds to pay
priority administrative expense claims to the Debtors' accountant,
estimated $6,850, when approved, and on attorneys' fees
approximately $18,500, for attorney fees previously approved but
unpaid and including additional out of pocket costs advanced to
date of $1,185 for Wayne E. Griffin.  Mr. Sandberg intends to use
$20,000 to pay toward his first annual payment to unsecured
creditors, with the remainder, approximately $19,325 to be used for
other Plan obligations and to pay additional income tax on sale if
required.

James R. Sandberg and Peggy D. Sandberg sought Chapter 11
protection (Bankr. D. Neb. Case No. 16-41287) on Aug. 21, 2016.
The Debtors tapped Wayne E. Griffin, Esq., at Wayne E. Griffin Law
Office, as counsel.


JBC STAPLES: Case Summary & 4 Unsecured Creditors
-------------------------------------------------
Debtor: JBC Staples, LLC
        18375 Ventura Blvd., Ste 640
        Tarzana, CA 91356

Business Description: JBC Staples, LLC listed itself as a Single
                      Asset Real Estate (as defined in 11 U.S.C.  
                      Section 101(51B)).  Its principal assets are
                      located at 1525 Mall Road, Monroe, Michigan,

                      48162.

Chapter 11 Petition Date: January 18, 2018

Case No.: 18-10162

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Judge: Hon. Victoria S. Kaufman

Debtor's Counsel: Illyssa I Fogel, Esq.
                  ILLYSSA I. FOGEL & ASSOCIATES
                  815 N. La Brea Ave., Ste 78
                  Inglewood, CA 90302
                  Tel: 888-570-7220
                  E-mail: ifogel@iiflaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jack M. Cohen, managing member.

A copy of the Debtor's list of four unsecured creditors is
available for free at http://bankrupt.com/misc/cacb18-10162.pdf


JC PENNEY: Bank Debt Trades at 5.96% Off
----------------------------------------
Participations in a syndicated loan under which JC Penney Corp is a
borrower traded in the secondary market at 94.04
cents-on-the-dollar during the week ended Friday, January 12, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.82 percentage points from the
previous week. JC Penney Corp pays 425 basis points above LIBOR to
borrow under the $1.688 billion facility. The bank loan matures on
June 23, 2023 and Moody's Ba2 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 January 12.


KARIN FRANK: Proposes $95K Sale of Sacramento Property to Sharp
---------------------------------------------------------------
Karin M. Frank asks the U.S. Bankruptcy Court for the Eastern
District of California to authorize the sale of the real property
located in Sacramento County, California, commonly described as
1421 Arcade Boulevard, Sacramento, California to Nick Sharp for
$95,000.

A hearing on the Motion is set for Feb. 20, 2018 at 10:00 a.m.

The Arcade Property is a single family residential real property,
which the Debtor has heretofore owned and rented out as an
income-producing property.  The Arcade Property has been and is
maintained by the Debtor as a rental income property, reorganized
pursuant to her confirmed plan, confirmed on April 18, 2011.

The Debtor has made all plan payments in any way associated with
the Arcade Property, at present now having completed all required
general unsecured payments and having kept current with her plan
payment to JPMorgan Chase Bank, N.A. secured by the Arcade Property
(all payments May 2011 through January 2018).  Regarding the
general unsecured claims once due, the Debtor received her Section
1141 Order of Discharge on Aug. 25, 2016.

There are only two known liens on the property; the first priority
lien is the lien of Chase, and the second priority lien is the lien
of Bob Filderman.  The sale will result in a cash payment to the
Debtor of approximately $95,000, from which the Debtor will tender
a cash payment to Chase of $58,223 in full satisfaction of its
claim secured by its lien (Deed of Trust) on the Arcade Property.

Per Frank's confirmed plan, the claim of Chase secured by the
Arcade Property was stripped down to $66,830, and the claim of
Filderman was stripped off entirely and hence rendered entirely
unsecured.  Because at the present date the Debtor has completed
all unsecured payments and received her discharge, the balance
owing of any unsecured claim to either Chase or Filderman (or any
general unsecured creditor for that matter) is $0.  Thus, Bob
Filderman's prior claim is now fully satisfied; no amount is owed.

The Debtor now resides in Colorado; because of her difficulties in
managing the Arcade Property from Colorado, it is in the best
interests of all concerned, including the general societal
interest, that she sells the Arcade Property, satisfy the remaining
secured claim of secured creditor Chase, and that Nick Sharp owns
the Arcade Property such that he may refurbish it and manage it
locally.

Having determined that it was in her best interests to sell the
Arcade Property, the Debtor accepted the $95,000 offer tendered by
the Buyer to purchase the Arcade Property.  Frank and Sharp have
entered a Purchase/Sale Agreement for purchase/sale of the Arcade
Property in "as is" condition, free of all liens and interests,
opened escrow, and placed the Purchase/Sale Agreement within
escrow.  The Escrow Officer is Michelle Schaffert of North American
Title Co.  While this escrow remains open, it is in "hold" status
due to the presence of a deed of trust in favor of Filderman that
remains on title to the Arcade Property, and the dispute between
Filderman and the Debtor as to the propriety of the deed of trust
remaining on title (e.g. Filderman's refusal to voluntarily
reconvey).

Further, in connection with the Purchase/Sale Agreement, Sharp is
for all practical purposes assuming all post-transaction risks,
obligations, and costs (including, but not necessarily limited to,
physical refurbishment of the Arcade Property).  In addition,
Debtor retains responsibility only for the granting of title and
the completion/execution of any other papers required for the
transfer of title.

Although the sale is a very, very simple transaction, not in any
manner complicated, completion of the sale will free up resources
available to Debtor to meet ongoing obligations to creditors
secured by her remaining reorganized real properties as well as
other obligations, as well as simplify the Debtors' workload and
stress from managing a lower number of real properties.

The Buyer plans, upon completion of purchase and ownership of the
Arcade Property, to work with the existing tenants already residing
at the Arcade Property to refurbish and improve the condition of
the Arcade Property.

The Debtor proposes that upon closure of escrow (i) $58,223 be
disbursed to Chase; (ii) $0 be disbursed to Filderman; (iii) the
residual funds be disbursed to Frank (less costs Frank has
contractually agreed to, if any); and (iv) title transfer to Sharp
free and clear of all liens and any other interests.

The Purchaser:

          Nick Sharp
          4005 Manzanita Ave, #6-509
          Carmichael, CA 95608

Counsel for the Debtor:

          Judson H. Henry, Esq.
          P.O. Box 33
          Newcastle, CA 95658
          Telephone: (916) 670-9564
          Facsimile: (916) 200-2440
          E-mail: jhhenry2000@yahoo.com

Karin M. Frank sought Chapter 11 protection (Bankr. E.D. Cal. Case
No. 10-36150) in 2010.  The Court confirmed the Debtor's Chapter 11
Plan of reorganization on April 18, 2011.


KB HOME: S&P Raises Corp. Credit Rating to 'BB-', Outlook Stable
----------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on KB Home
and its issue-level ratings on the company's senior unsecured notes
to 'BB-' from 'B+'. The outlook is stable. The recovery rating on
the unsecured debt is unchanged at '3', reflecting S&P's
expectation for meaningful (50%-70%; rounded estimate: 65%)
recovery to debtholders in the event of default.

S&P said, "We raised our corporate credit rating on KBH to 'BB-'
both in recognition of the company reducing debt leverage through
paying down debt and strong EBITDA growth and our expectation of a
more conservative leverage profile going forward. Strong EBITDA
growth, especially in the back half of the year, spurred the
company's debt-to-EBITDA ratio to drop to the high-3x area for 2017
from 6.1x for fiscal 2016. Closing growth of 11%, which
outperformed the general market, and 9% average closing price
appreciation catapulted KBH's revenue growth to 21% in 2017.
Adjusted gross homebuilding margins gained 63 basis points compared
with the previous year due to improving operational leverage gained
from continued strong growth. Sales, general, and administrative
expenses also improved to 9.8% of total revenues from 10.8% in
2016. In addition, the company retired the remainder of its 9.1%
senior notes in September, further reducing debt toward its target
of 40%-50% net debt to capital. Due to our expectation of continued
EBITDA growth and our assumption that the company may refinance
less than the entire amount of its June 2018 senior note maturity,
we forecast the company to operate with debt to EBTIDA between 3x
and 4x into 2019.

"The stable outlook on KB Home reflects our expectation of
continued EBITDA growth and debt leverage to remain between 3x and
4x over the next year. This is supported by our general outlook for
U.S. housing demand to remain fundamentally strong and housing
starts of 1.3 million in 2018, and our expectation that KBH will
continue to expand its market share and maintain adjusted
homebuilding gross margins (excluding capitalized interest from
cost of sales) of between 21% and 22% in 2018.

"We may raise our corporate credit rating on KBH to 'BB' within the
next 12 months if home closing volume and gross margins exceed our
forecast such that rolling 12-month debt to EBITDA improves to 3x
and the company demonstrates its ability to operate at consistently
lower debt levels. An upgrade would also require the profitability
(in terms of EBITDA margin and return on capital) to be maintained
at levels consistent with similarly rated homebuilder peers, both
within the 12%-16% range.

"Although we view it as less likely over the next 12 months, we
could lower the rating if conditions in KBH's markets deteriorate
limiting revenue growth and causing gross margins to deteriorate,
or if the company experienced slightly weaker performance paired
with more aggressive land spending versus our forecast, and debt
leverage returned to 5x."


KHAN GROUP: To Pay Unsecured Creditors $1.2K Monthly Over 5 Years
-----------------------------------------------------------------
Khan Group, LLC, filed with the U.S. Bankruptcy Court for the
Northern District of Texas a disclosure statement to accompany its
plan of reorganization dated Jan. 12, 2018.

Class 10 under the plan consists of Allowed General Unsecured
Claims and is estimated to be approximately $1,156,699.  Each
holder of an Allowed General Unsecured Claim will be paid its
pro-rata share of $1,200 a month over 60 months, beginning on the
20th of the month following the Effective Date and continuing on
the 20th day of each month thereafter until paid in full pursuant
to the Plan.

The Plan contemplates the continued management and operation of the
Debtor's business by Sharif Khan, the owner and manager of the
Debtor. The Debtor will keep current its payments for post-petition
payables as it has throughout this case. The funds necessary for
the satisfaction of the creditors' claims will be generated from
Debtor's continued business operations.

A full-text copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/txnb17-32886-11-74.pdf

                       About Khan Group

Khan Group LLC is a privately held company in Dallas, Texas, that
provides business consulting services.  

Khan Group filed a Chapter 11 petition (Bankr. N.D. Tex. Case No.
17-32886) on July 31, 2017.  Sharif Khan, managing member, signed
the petition.  The Debtor estimated $1 million to $10 million in
assets and liabilities.

The Hon. Harlin DeWayne Hale presides over the case.  

Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC,
represents the Debtor.


LARRY HEMBREE: Family Life Buying Washington Property for $95K
--------------------------------------------------------------
Larry D. Hembree asks the U.S. Bankruptcy Court for the Southern
District of Indiana to authorize him to cause Hembree Properties,
Inc., to sell the real property located at 714 W. Walnut Street,
Washington, Daviess County, Indiana, to Family Life Services, Inc.
for $95,000.

On May 7, 1999, Hembree Properties acquired a fee simple interest
in the Property, which it has retained to this day.  The Debtor
believes the Property to be worth $95,000.  

The Property has been vacant for approximately four months.  Before
that, it had been occupied by the State of Indiana's Department of
Workforce Development pursuant to a 10-year lease, which the State
declined to renew despite the Debtor's best efforts to entice it to
do so.  Despite his best efforts, the Debtor has been unable to
obtain a replacement tenant, and has no prospects for a replacement
tenant at this time.  The costs of maintaining the Property,
including insurance, certain utilities, and property taxes, are
being borne by Hembree Properties without any corresponding
income.

On Jan. 7, 2005, Hembree Properties granted a mortgage on the
Property to Springs Valley Bank & Trust Co. ("SVBT") to secure that
certain loan in the original principal amount of $1.34 million with
loan number ending in X6888.  In addition to the Property, the Loan
was and is now secured by mortgages on six other properties owned
variously by Hembree Properties, the Debtor, and the Debtor and his
wife by the entireties; to-wit:

      a. a multi-use property owned by Hembree Properties with 16
residential apartments and two units suitable for retail or office
space located at 602 W. 7th Street in Jasper, Indiana, with an
estimated value of $650,000;

      b. a vacant lot owned by Properties suitable for commercial
development at the corner of Eversman and Rumbach Streets in
Jasper, with an estimated value of $100,000;

      c. an office building owned by the Debtor located at 514 N.
JFK Avenue in Loogootee, Indiana, with an estimated value of
$90,000;

      d. a commercial property owned by the Debtor and his wife by
the entireties located at 104 SW Second Street in Loogootee, with
an estimated value of $225,000;

      e. a small house owned by the Debtor and his wife by the
entireties located at 106 1/2 SW Second Street in Loogootee, with
an estimated value of $35,000; and

      f. a factory building located at 101 NW First Street in
Loogootee, with an estimated value of $125,000.

As of the Petition Date, the balance on the Loan was approximately
$599,287.  As of Dec. 26, 2017, regular monthly payments by Hembree
Properties had reduced the balance of the loan to $515,907.  Since
then, on Jan. 4, 2018, an additional monthly payment of $7,121 was
paid from funds held in trust by the undersigned for Properties,
pursuant to the Interim Order Granting in Part and Deferring
Consideration in Part on the Debtor's Second Emergency Motion to
Authorize Certain Payments from Funds of Hembree Properties, Inc.,
Held in Trust; after this payment is applied, the outstanding
balance will be less than $510,000.  The Loan is and at all times
since the Petition Date has been fully secured by the
aforementioned mortgages.

In addition to the mortgage securing the Loan, the Property is
subject to property taxes accrued in 2017 and 2018 in the
approximate amount of $1,500, which will become payable in the
future; such taxes would be charged to Properties and reduced from
the amount payable at closing.

On Dec. 19, 2017, the Debtor was approached by realtor Tim J.
Wagner, Sr., of Vic Hopkins Agency, LLC, a longtime acquaintance of
the Debtor's, with an unsolicited offer by the Buyer to buy the
Property for a gross price of $95,000 to be paid in cash with no
financing.  By the terms of the offer, Hembree Properties must
accept with no contingencies no later than Jan. 18, 2018.
Concurrently with the Motion, the Debtor is filing applications to
employ Hopkins Agency and pay it 6% of the gross sales price as
compensation for arranging the sale.

Additional transactional costs, projected to total less than $1,000
would be assessed against Hembree Properties under the terms of the
offer.  After payment of the realtor's commission and deductions
for property taxes and transaction costs, the Debtor expects the
amount payable to SVBT would be approximately $87,000.  This would
reduce Properties' monthly interest expense by approximately $326
per month, among other savings which would result from the sale.

A copy of the Agreement attached to the Motion is available for
free at:

      http://bankrupt.com/misc/Larry_Hembree_285_Sales.pdf

Though the Property is not owned by the Debtor himself but instead
by Hembree Properties, a corporation, and so is not itself property
of the Debtor's bankruptcy estate, the Debtor brings the Motion
pursuant to the Order Requiring Debtor to File Monthly Operating
Reports for Entities Controlled by the Debtor and Directing
Preservation of Estate Assets, which prohibits Hembree Properties'
sale of assets without 10 days' written notice to counsel for XTec,
Inc.

Furthermore, in this extended period of settlement negotiations
following the Court's approval of the disclosure statement
associated with the Debtor's chapter 11 plan, and the Court's
referral of the dispute between the Debtor and his principal
creditor to mediation, the Debtor wishes to keep his creditors,
including SVBT, apprised of his intentions to proceed with the
liquidation of Hembree Properties, his estate's largest asset.

Concurrently with the Motion, the Debtor is filing a motion to
shorten notice time on the Motion, such that it may be heard and
ruled upon by the Court at the telephonic hearing previously
scheduled for Jan. 18, 2018.

Because of the modest size of the proposed transaction and the
prospective buyer's desired timeline, the Debtor asks that the
Court waives the 14-day stay contemplated by Rule 6004(h) of the
Federal Rules of Bankruptcy Procedure, such that an order granting
the Motion would be effective immediately upon its entry.

The Buyer:

          Wayne Neeley, President
          FAMILY LIFE SERVICES, INC.
          705 Troy Road
          Washington, IN 47501
          Telephone: (270) 779-0066 (Neeley)
                     (812) 257-1041 (Family Life)

Larry D. Hembree founded Hembree Properties, Inc. in 1997 and has
at all times since been its sole owner.  Mr. Hembree sought Chapter
11 protection (Bankr. S.D. Ind. Case No. 16-70779) on Aug. 19,
2016.  He tapped David M. Cantor, Esq., at Seiller Waterman, LLC,
as counsel.


LEVERETTE TILE: Proposes a Sale of Appraised Select Assets
----------------------------------------------------------
Leverette Tile, Inc., doing business as Leverette Home Design
Center, asks the U.S. Bankruptcy Court for the Middle District of
Florida to authorize the sale of appraised select assets
independently of an auctioneer or liquidator and without need for
bid procedures or an auction for amounts in excess of the
appraisal.

The Debtor has determined that it can no longer operate as a going
concern as it is not generating enough income to continue to
operate and pay debt service in the normal course.  On Dec. 20,
2017, the Debtor filed its Motion to Liquidate.  On Jan. 10, 2018,
the Court held a hearing on the Motion to Liquidate and granted it
in part.  The Debtor anticipates that an Order on the Motion to
Liquidate will be entered shortly.  Pursuant to the Court's Order
on the Motion to Liquidate, the Debtor is authorized to complete
all of its jobs in progress.  The Court has scheduled a continued
hearing on the Motion to Liquidate for Feb. 22, 2018 at 1:30 p.m.

On Sept. 1, 2017, the Debtor engaged the services of an appraiser
to appraise all of its assets.  The appraiser's value of the assets
total approximately $129,348.  

As part of its liquidation procedures, the Debtor asks authority to
sell all of its assets independently and with a Court approved
auctioneer or liquidator as needed.  All net proceeds will be
placed in escrow with all liens attaching to the proceeds based on
the respective priorities in order to pay its creditors.  The
Debtor believes that all the assets can be sold and the business
closed down by the end of the first quarter, 2018.

In the interim, the Debtor believes that it can sell certain assets
to strategic buyers who are in the business for more than what an
auctioneer or liquidator will be able to recover.  The Exhibit B is
an itemization of the specific assets identified in the appraisal
report listing the assets the Debtor believes it can sell
independently in order to maximize the return to creditors.  The
assets itemized on Exhibit B should sell for amounts in excess of
the appraisal.

Through the Motion, the Debtor asks authority to sell the assets
listed on Exhibit B independently of an auctioneer or liquidator
and without need for bid procedures or an auction.  The remaining
assets listed in the appraisal report, or Exhibit A, will be sold
by way of an auctioneer or liquidator and pursuant to a subsequent
motion for authority and separate court order to be filed at a
later date.

The Debtor is in need of an immediate sale.  It has received
numerous inquiries from potential buyers who have expressed an
interest in purchasing many of the assets identified on Exhibit B
and asks authority to sell those assets now.  The Debtor would
intend on listing many of the Exhibit B assets on sale websites
such as E-Bay, Craig's List, and other related services.

The Debtor proposes to promptly file with the Court a notice as
sales are completed, which provide the following: (i) the purchase
price obtained; (ii) the name of the buyer; (iii) the description
of the asset sold; (iv) the date of the sale; and (v) proof of the
deposit of the proceeds into a separate escrow/DIP account.

The Secured Creditors in the case are (i) Colonial Funding Network,
Inc., as servicing provider for Platinum Rapid Funding Group in the
approximate amount of $164,306; (ii) American Express Bank, FSB in
the amount of $124,381; (iii) Funding Circle in the amount of
$353,170; (iv) the Internal Revenue Service in the amount of
$94,140.

The Secured Creditors have asserted secured claims.  The relative
priority of the Secured Creditors is in dispute and absent an
agreement of the Secured Creditors of their relative priority, the
Court will need to decide the dispute.  Currently, there is a
dispute among the Debtor and its Secured Creditors as to the
extent, validity and priority of the Secured Creditors respective
claims.  Until the extent, validity and priority of the Secured
Creditors claims are determined, the net sale proceeds from the
sale of any of the assets listed on either Exhibit A or B will be
held in escrow pending further Court order with all liens attaching
to the proceeds based on their respective priority.

In the Debtor's previously filed Motion to Liquidate, the Debtor
asserted that it will seek the consent from the Secured Creditors
to sell the assets listed in Exhibit B independently and the
balance of the assets listed in Exhibit A by way of an auction.
Since the filing of the Motion to Liquidate on Dec. 20, 2017 and
the date of the hearing on Jan. 10, 2018, none of the Secured
Creditors objected to the sale portion of the Debtor's Motion to
Liquidate.  The Debtor assumes that since no objection has been
raised to sell the assets, the Debtor has obtained the consent from
the Secured Creditors to proceed with a sale.

Based on the foregoing, the Debtor asks the Court's authority to
independently sell the assets listed on Exhibit "B" for an amount
in excess of the appraised value, and it will otherwise exercise
its business judgment to seek to obtain a price for the asset which
is fair and reasonable.

A copy of the Exhibits A and B attached to the Motion is available
for free at:

    http://bankrupt.com/misc/Leverette_Tile_107_Sales.pdf

                      About Leverette Tile

Leverette Tile, Inc., based in Hudson, Florida, is a kitchen and
bath remodeling contractor and a granite countertop and cabinet
fabricator.  Leverette Tile filed a Chapter 11 petition (Bankr.
M.D. Fla. Case No. 17-07840) on Sept. 5, 2017.  Brian Leverette,
president, signed the petition.  The Debtor estimated $100,000 to
$500,000 in assets and $1 million to $10 million in liabilities as
of the bankruptcy filing.  Alberto F. Gomez, Jr., Esq., at Johnson
Pope Bokor Ruppel & Burns, LLP, serves as bankruptcy counsel to the
Debtor.  An official committee of unsecured creditors has not yet
been appointed in the Chapter 11 case.


MARCANTONIO ENTERPRISES: $275K Sale of New Braunfels Property OK'd
------------------------------------------------------------------
Judge Craig A. Gargotta of the U.S. Bankruptcy Court for the
Western District of Texas authorized Marcantonio Enterprises, LLC's
sale of real property located at 22157 Old Nacogdoches Road, New
Braunfels, Comal County, Texas, a 6-acre unimproved tract of land,
to Ivy Cruz for $275,000.

The sale is free and clear of all liens and encumbrances.

All amounts due and owing to the Comal County Tax
Assessor/Collector and/or any other ad valorem taxing entity will
attach to the proceeds of sale and will be paid at closing by the
title company closing the sale of the Property.

All ad valorem taxes incident to the Property pro-rated to the date
of sale will be paid in full immediately upon closing by the
closing agent prior to any disbursement of cash proceeds from the
sale to any other person or entity.

The net sales proceeds from the sale of the Property (which will be
defined as the gross sales price less closing costs, any brokerage
fees and payment of all ad valorem taxes secured by the Property)
will be paid as follows:

     a. The title company closing the sale will be authorized to
pay all currently due 2017 ad valorem property taxes for properties
owned by the Debtor in Bexar, Comal and Guadalupe counties which
are specifically referenced on the invoices; and

     b. The remaining sales proceeds will be paid directly to the
Debtor, which will deposit the funds in a bank account at TexStar
National Bank.  The Debtor will not use any portion of these
remaining sales proceeds absent further order of the Court.
Any liens on the Property not satisfied out of closing will attach
to the remaining proceeds.

The Order is a final order and is enforceable upon entry by the
Clerk of the Court.  To the extent necessary under the Federal
Rules of Bankruptcy Procedure 5003, 9014, 9021 and 9002, the Court
expressly finds that there is no just reason for delay in the
implementation of the Order and expressly directs entry of judgment
as set forth in the Order and the stay of Federal Rules of
Bankruptcy Procedure Rules 6004(g) and 6006(d) is waived, modified
and will not apply to the sale of the Property, and the Debtor and
its principal, Ralph M. Marcantonio, are authorized to take all
actions and enter into all transactions authorized by this Order
immediately.

                   About Marcantonio Enterprises

Based in New Braunfels, Texas, Marcantonio Enterprises, LLC, is a
small business debtor as defined in 11 U.S.C. Sec. 101(51D).
Marcantonio Enterprises, through its sole member, acquires
commercial real estate to improve and rent to commercial tenants or
to sell.  It receives income in the form of rents from commercial
tenants and note payments from properties previously sold by
Marcantonio or its owner.

Marcantonio Enterprises sought protection under Chapter 11 of the
Bankruptcy
Code (Bankr. W.D. Tex. Case No. 17-51968) on Aug. 18, 2017.  Ralph
M. Marcantonio, its member, signed the petition.  At the time of
the filing, the Debtor estimated assets and liabilities of $1
million to $10 million.

Judge Craig A. Gargotta presides over the case.

The LAW OFFICE OF H. ANTHONY HERVOL is the Debtor's counsel.


MEDAK TRUCKING: First Modified Reorganization Plan Confirmed
------------------------------------------------------------
Judge Michael B. Kaplan of the U.S. Bankruptcy Court for the
District of New Jersey confirmed Medak Trucking, LLC's small
business first modified plan of reorganization dated Oct. 30, 2017.


The Court orders that the portion of the Plan found in Section 2.1
describing the treatment of the holders of Administrative Expenses,
must be amended to include an administrative expense to Vehicle
Lenders Group, to the extent that the Debtor owes arrears for
adequate protection payments as of Effective Date of the First
Modified Plan of Reorganization.

The portion of the Plan found in Section 2.2(A)(1) describing the
treatment of the holder of the Class One claim, a secured claim
held by Tri-State Business Opportunity Fund, LLC is stricken and
the treatment of Class One is instead as follows:

Class One will be bifurcated to a secured claim in the amount of
$180,00 and an unsecured claim for the remaining balance of the
proof of claim, including interest at Wall Prime Rate Plus .25%
(which is equal to 4.75% as of the date hereof). The Creditor shall
retain its lien, up to the value of the collateral as of the
Effective Date (as reflected by the amount of Creditor's class 1
secured claim), to secure payment of its Secured Claim. The Secured
Claim of this Creditor will be amortized using a 60 month payout
payable as follows: Commencing on the first day of the month
following the Effective Date of the Plan and each month thereafter
for a total of 60 consecutive months, the Debtor shall make monthly
payments to the Disbursing Agent in an amount equal to the
amortized monthly payment. Each monthly payment will include
principal and interest. On or before the first anniversary of the
Effective Date, the Debtor shall remit a balloon payment of
$10,000(the "Balloon Payment") to the Disbursing Agent. The
Disbursing Agent shall distribute the Balloon Payment immediately
upon receipt. The Disbursing Agent shall distribute the remaining
funds so paid by the Debtor to the holder of the Claim in this
Class commencing five months from the Debtor's initial monthly
payment and quarterly thereafter during the life of the Plan.

                      About Medak Trucking

Medak Trucking LLC, based in Edison, New Jersey, filed a Chapter 11
petition (Bankr. D.N.J. Case No. 16-24788) on Aug. 1, 2016.  The
petition was signed by Andrew Obadiaru, president.  The Debtor
estimated $0 million to $50,000 in assets and $1 million to $10
million in liabilities at the time of the filing.

Judge Michael B. Kaplan presides over the case.  

David L. Stevens, Esq., at Scura, Wigfield, Heyer & Stevens LLP, is
the Debtor's bankruptcy counsel.  Patricia D. Rivera of 123
Accounting Services, LLC, is the Debtor's accountant.

On May 26, 2017, the Debtor filed its proposed small business plan
and disclosure statement.


MESA OIL: Full Payment for Unsecureds in 5 Years With 3% Interest
-----------------------------------------------------------------
Mesa Oil, Inc., filed with the U.S. Bankruptcy Court for the
District of Colorado an amended disclosure statement to accompany
its amended plan of reorganization dated Oct. 25, 2017.

Under the amended plan, Class 9 general unsecured claimants will
receive a pro-rata distribution of monthly payments in the amount
necessary to pay all Class 9 Claims in full over five years from
the Effective Date of the Plan, with interest at a rate of 3% per
annum.  Prior to the Effective Date of the Plan, the Debtor will
also reach an agreement with Lawrence Meers pursuant to which Mr.
Meers will agree to waive distribution on account of his Class 9
Claim in the amount of $232,662 until all other Class 9 Claims are
paid in full.

Assuming the total amount of Class 9 Claims, including the
unsecured deficiency claim of Vertex and excluding the claim of Mr.
Meers, is $1,176,233, unsecured creditors will receive a pro rata
distribution of monthly $21,135.  The Proof of Claim No. 10-1 is
disallowed in its entirety, the total amount of Class 9 Claims will
be reduced to $1,172,656, and Class 9 creditors will receive a pro
rata distribution of monthly payments in the amount of $21,071.

The original version of the plan proposed to pay Class 9 general
unsecured claimants a pro-rata distribution equal to 4% of the Mesa
Gross Revenue generated over the five year period commencing on the
Effective Date of the Plan less the amount necessary to pay any
Unclassified Priority Claimant who agrees to accept deferred
payment of its claim.

A full-text copy of the Amended Disclosure Statement is available
at:

        http://bankrupt.com/misc/cob17-14004-238.pdf

A full-text copy of the Amended Plan is available at:

        http://bankrupt.com/misc/cob17-14004-237.pdf

                         About Mesa Oil

Headquartered in Commerce City, Colorado, Mesa Oil, Inc., doing
business as Mesa Environmental -- http://www.mesaoil.com/--
collects and recycles used oil, and supplies burner fuel to the
asphalt paving industry.  It offers blended fuel oil, BTU value
fuel, and specification fuel oil for asphalt hot mix plants.  It
serves customers in Montana, Wyoming, Utah, Colorado, Arizona, New
Mexico, and Texas.  Mesa Oil was founded in 1981.  It is a fee
owner of a land and building located at 20 Lucero Road, Belen, New
Mexico 87002, valued at $1.02 million.  

Mesa Oil previously sought bankruptcy protection (Bankr. D. Colo.
Case No. 10-33755) on Sept. 18, 2010.

Mesa Oil again filed for Chapter 11 bankruptcy protection (Bankr.
D. Colo. Case No. 17-14004) on May 2, 2017, listing $2.93 million
in total assets and $4.74 million in total liabilities.  Lawrence
Meers, president, signed the petition.

Judge Elizabeth E. Brown presides over the case.

Jeffrey S. Brinen, Esq., at Kutner Brinen, P.C., serves as the
Debtor's counsel.


MESOBLAST LIMITED: Provides Updated Investor Presentation
---------------------------------------------------------
On Jan. 12, 2018, Mesoblast Limited filed with the Australian
Securities Exchange a new investor presentation, which is available
for free at https://is.gd/DgP276

Mesoblast said it is committed to bring to the market disruptive
cellular medicines to treat serious and life-threatening
illnesses.

In December 2017, Mesoblast received FDA RMAT Designation for its
cell therapy in heart failure patients with left ventricular assist
devices (LVADs).  Also in December 2017, Mesoblast concluded a
patent settlement and license agreement with TiGenix.  Pursuant to
the Agreement, Mesoblast granted TiGenix an exclusive access to
certain of its patents to support global commercialization of the
adipose-derived mesenchymal stem cell (MSC) product Cx601 limited
to the local treatment of fistulae, including in Crohn's disease.

                       About Mesoblast

Australia-based Mesoblast Limited (ASX:MSB; Nasdaq:MESO) is a
global developer of innovative cell-based medicines.  The Company
has leveraged its proprietary technology platform, which is based
on specialized cells known as mesenchymal lineage adult stem cells,
to establish a broad portfolio of late-stage product candidates.
Mesoblast's allogeneic, 'off-the-shelf' cell product candidates
target advanced stages of diseases with high, unmet medical needs
including cardiovascular conditions, orthopedic disorders,
immunologic and inflammatory disorders and oncologic/hematologic
conditions.

Mesoblast Limited reported a net loss before income tax of US$90.21
million for the year ended June 30, 2017, a net loss before income
tax of US$90.82 million for the year ended June 30, 2016, and a net
loss before income tax of US$96.24 million for the year ended June
30, 2015.  As of Sept. 30, 2017, Mesoblast had US$671.9 million in
total assets, US$112.30 million in total liabilities and US$559.6
million in total equity.

PricewaterhouseCoopers, in Melbourne, Australia, issued a "going
concern" opinion on the consolidated financial statements for the
year ended June 30, 2017, noting that Company has suffered
recurring losses from operations that raise substantial doubt about
its ability to continue as a going concern.


MICROVISION INC: Expects Q4 2017 Revenue of $2.4M to $2.7M
----------------------------------------------------------
MicroVision, Inc., expects revenue for the fourth quarter of 2017
in the range of $2.4 million to $2.7 million and full year 2017
revenue in the range of $10.7 million to $11.0 million.

The fourth quarter 2017 revenue is made up primarily of contract
revenue.  MicroVision had planned to recognize $4.3 million of
product revenue during the fourth quarter by completing the
remainder of a previously announced $6.7 million order for its
small form factor display engine PSE-0403-103.  The customer,
however, requested a deferment in taking receipt of the engines
until 2018.  MicroVision plans to ship a majority of the engines
remaining on this order in the first quarter of 2018 and the
balance in the second quarter.

MicroVision will discuss its financial and operating results for
the fourth quarter and full year 2017 on a conference call later
this quarter.

As MicroVision has not completed its quarter and year-end fiscal
close process and the audit of its 2017 financial statements is not
complete, the revenue expectations presented in this press release
are preliminary, and, therefore, may change due to final year-end
closing adjustments.  The preliminary financial results discussed
in this release are based solely upon information available as of
the date of this release, are not a comprehensive statement of our
financial results or positions as of or for the fourth quarter and
full fiscal-year 2017, and have not been audited, reviewed or
compiled by our independent registered accounting firm.

                        About MicroVision

MicroVision is the creator of PicoP scanning technology, an
ultra-miniature laser projection and sensing solution for mobile
consumer electronics, automotive head-up displays and other
applications.  MicroVision's patented technology is a single
platform that can enable projected displays, image capture and
interaction for a wide array of future-ready products in this
rapidly evolving, always-on world.  MicroVision's IP portfolio has
been recognized by the Patent Board as a top 50 IP portfolio among
global industrial companies and has been included in the Ocean Tomo
300 Patent Index.  The company is based in Redmond, Wash.  For more
information, visit the Company's website at www.microvision.com, on
Facebook at www.facebook.com/MicroVisionInc or follow MicroVision
on Twitter at @MicroVision.

The report from Microvision's independent registered public
accounting firm Moss Adams LLP, in Seattle, Washington, for the
year ended Dec. 31, 2016 includes an explanatory paragraph stating
that the Company has incurred losses from operations and has an
accumulated deficit, which raises substantial doubt about its
ability to continue as a going concern.

MicroVision reported a net loss of $16.47 million in 2016, a net
loss of $14.54 million in 2015, and a net loss of $18.12 million in
2014.  As of Sept. 30, 2017, MicroVision had $37.30 million in
total assets, $24.82 million in total liabilities and $12.47
million in total shareholders' equity.


MONAKER GROUP: Incurs $1.80 Million Net Loss in Third Quarter
-------------------------------------------------------------
Monaker Group, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $1.80 million on $142,063 of total revenues for the three months
ended Nov. 30, 2017, compared to a net loss of $2.24 million on
$101,477 of total revenues for the same period in 2016.

For the nine months ended Nov. 30, 2017, the Company reported a net
loss of $4.30 million on $410,907 of total revenues compared to a
net loss of $4.27 million on $373,346 of total revenues for the
nine months ended Nov. 30, 2016.

As of Nov. 30, 2017, Monaker Group had $8.62 million in total
assets, $4.68 million in total liabilities and $3.94 million in
total stockholders' equity.

As of Nov. 30, 2017, the Company had $895,518 of cash on-hand, a
decrease of $111,547 compared to the $1,007,065 of cash on hand it
had at the start of fiscal 2018.  The decrease in cash was due
primarily to the payment of operating expenses and website
development costs during the nine months ended Nov. 30, 2017, which
were offset by the funds raised on Aug. 11, 2017, through a Common
Stock and Warrant Purchase Agreement.

As of Nov. 30, 2017, the Company had total current liabilities of
$1,785,953, consisting of a line of credit facility of $1,193,000
from Republic Bank, accounts payable and accrued expenses of
$573,605, and other current liabilities of $19,348.

The Company had negative working capital of $117,357 as of Nov. 30,
2017 and an accumulated deficit of $104,960,092.

Net cash used in operating activities was $3,045,319 for the nine
months ended Nov. 30, 2017, compared to $2,870,269 for the nine
months ended Nov. 30, 2016, an increase of $175,050.  This increase
was primarily due to the payment in cash of general and
administrative expenses as well as technology and development
expenses.  In May 2017, the Company entered into a settlement
agreement with a financial advisory firm who was engaged to raise
capital per an agreement signed in October 2016.  Based upon the
firm's inability to meet any of the agreed upon milestones, the
firm agreed to return all the consideration paid for the services.
The Company recorded a $450,945 credit to stock compensation in May
2017 as a result of the settlement.

Net cash used in investing activities was $245,049 and $630,864 for
the nine months ended Nov. 30, 2017 and 2016, respectively which
was primarily the result of capitalized website development costs.

Net cash provided by financing activities decreased $287,020 to
$3,178,821 for the nine months ended Nov. 30, 2017, compared to
$3,465,841, for the nine months ended Nov. 30, 2016.  Net cash
provided by financing activities for the nine months ended
Nov. 30, 2017, was primarily due to proceeds from the issuance of
common stock and warrants and the exercise of warrants of
$3,023,933, net of expenses, which amount includes the proceeds
received in connection with the closing of the transactions
contemplated by the Common Stock and Warrant Purchase Agreement.

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

                       https://is.gd/mzmBVL

                           About Monaker

Headquartered in Weston, Florida, Monaker Group, Inc., formerly
known as Next 1 Interactive, Inc. -- http://www.monakergroup.com/
-- operates online marketplaces for the alternative lodging rental
industry and facilitate access to alternative lodging rentals to
other distributors.  Alternative lodging rentals (ALRs) are whole
unit vacation homes or timeshare resort units that are fully
furnished, privately owned residential properties, including homes,
condominiums, apartments, villas and cabins that property owners
and managers rent to the public on a nightly, weekly or monthly
basis.  The Company's marketplace, NextTrip.com, unites travelers
seeking ALRs online with property owners and managers of vacation
rental properties located in countries around the world.  As an
added feature to the Company's ALR offering, the Company also
provides access to airline, car rental, hotel and activities
products along with concierge tours and activities, at the
destinations, that are catered to the traveler through its
Maupintour products.

LBB & Associates Ltd. LLP, in Houston, Texas, stated in its report
on the Company's consolidated financial statements for the year
ended Feb. 28, 2017, that the Company's accumulated deficit and
limited financial resources raise substantial doubt about the
Company's ability to continue as a going concern.

Monaker reported a net loss of $7.10 million for the year ended
Feb. 28, 2017, compared to a net loss of $4.55 million for the year
ended Feb. 29, 2016.


MONTCO OFFSHORE: Bankruptcy Court Confirms Reorganization Plan
--------------------------------------------------------------
SEACOR Marine Holdings Inc. on Jan. 18, 2018, disclosed that the
plan of reorganization for Montco Offshore, Inc. ("MOI") was
confirmed by the United States Bankruptcy Court for the Southern
District of Texas, Houston Division (the "Bankruptcy Court").

This plan of reorganization, among other things, provides that,
under the terms of a Joint Venture Contribution and Formation
Agreement (the "JV Contribution Agreement"), SEACOR Marine and MOI
will jointly form and capitalize a new joint venture company (the
"Joint Venture") by contributing certain liftboat vessels and other
related assets to the Joint Venture, as well as requiring the Joint
Venture to assume certain operating liabilities and indebtedness
associated with the liftboat vessels and related assets.  The Joint
Venture would consolidate the ownership and operation of eleven
liftboat vessels currently operated by a wholly-owned subsidiary of
SEACOR Marine, six liftboat vessels currently operated by MOI, and
two liftboat vessels currently operated by an existing joint
venture between an affiliate of MOI and an affiliate of SEACOR
Marine.

John Gellert, SEACOR Marine's Chief Executive Officer, commented:
"I am pleased that we have reached this important milestone.  This
is a strategic transaction that combines distinctive assets at
compelling values, along with a solid financial and operational
foundation.  The transaction will allow us to provide our domestic
and international customers with an expanded fleet and superior
services in offshore oil and gas and wind energy markets."

The Joint Venture would assume approximately $131 million of
indebtedness from MOI's pre-petition facilities which, apart from a
guarantee of interest payments for two years after the closing of
the contemplated transactions, would be non-recourse to SEACOR
Marine.  Upon consummation of the transactions contemplated by the
JV Contribution Agreement, it is expected that SEACOR Marine will
hold at least 70% of all equity interests in the Joint Venture, and
will be entitled to appoint a majority of the board of managers of
the Joint Venture.  The closing of the transactions remains subject
to the satisfaction of certain conditions set forth in MOI's plan
of reorganization and the JV Contribution Agreement, including,
among others, the consummation of transactions under a settlement
agreement among certain parties-in-interest in MOI's bankruptcy
case.  It is anticipated that the transactions will close in early
February, 2018.

                     About Montco Offshore

Based in Galliano, Louisiana, Montco Offshore, Inc. --
http://www.montco.com/mo-- was founded by the Orgeron family in
1948.  For more than 60 years, the Company has served the offshore
energy industries with crew boats, ocean-going tugs, deck barges,
supply boats, and liftboats. Currently, Montco specializes in
liftboats ranging in size from 235 feet to 335 feet which provide
the best quality and safety of service for customers requiring
versatile elevated vessels/work-platforms.  Montco has total fleet
of six vessels includes (a) two 335' class liftboats, known as (i)
"Robert," which was unveiled in the first quarter of 2012, and (ii)
"Jill," which was completed in 2014; (b) two 245' class liftboats,
known as (i) "Kayd," which was completed in 2006, and (ii)
"Myrtle;" which was completed in 2002; and (c) two 235' class
liftboats, each completed in 2009, known as (i) "Paul," and (ii)
"Caitlin."

Montco Offshore, Inc., and its affiliate Montco Oilfield
Contractors, LLC, filed separate Chapter 11 petitions (Bankr. S.D.
Tex. Lead Case No. 17-31646) on March 17, 2017.  The petitions were
signed by Derek C. Boudreaux, the CFO.

As of the Petition Date, on a book basis, Montco Offshore had an
aggregate of approximately $265 million in total assets and
approximately $136 million in total liabilities.  MO Contractors
had approximately $84 million in total assets (which are mostly
made up of receivables) and approximately $126 million in total
liabilities.

As of the Petition Date, the Debtors estimated that $5.3 million
was due and owing to holders of prepetition trade claims against MO
Contractors, and $75 million was due and owing to holders of
prepetition trade claims against MO Contractors, not including the
intercompany obligations.

The cases are assigned to Judge Marvin Isgur.

DLA Piper LLP (US) is serving as the Debtors' bankruptcy counsel,
with the engagement led by Vincent P. Slusher, Esq., David E.
Avraham, Esq., and Adam C. Lanza, Esq. Blackhill Partners, LLC, is
the Debtors' financial advisor and investment broker, with Joe
Stone, Todd Heinz, and Tripp Ballard leading the engagement.  BMC
Group, Inc., is the claims and noticing agent.

On March 29, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Porter Hedges LLP is
serving as counsel to the Creditors Committee, with the engagement
led by John F Higgins, IV, Joshua W. Wolfshohl, and Eric Michael
English.

On Sept. 26, 2017, the Debtors filed chapter 11 plans of
reorganization and liquidation and a disclosure statement in
connection therewith.


MOTORS LIQUIDATION: Agreement with PI Plaintiffs Unenforceable
--------------------------------------------------------------
Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern
District of New York issued an order denying enforcement of the
Settlement Agreement entered into by the Signatory Plaintiffs and
the GUC Trust.

Following the breakdown of the settlement negotiations, on Sept.
11, 2017, the Plaintiffs filed a Motion to Enforce the Settlement
Agreement by and Among the Signatory Plaintiffs and the GUC Trust,
arguing that the Settlement Agreement was binding and seeking to
enforce it. The next day, New GM and the GUC Trust entered into the
Forbearance Agreement, and the GUC Trust filed the Forbearance
Agreement Motion seeking the Court's approval of the Forbearance
Agreement.

The Movants argue that New GM does not have standing to be heard on
the Phase 1(a) issue -- "whether the Settlement Agreement with the
GUC Trust is a binding agreement[.]" Unsurprisingly, New GM argues
that, because the Settlement Agreement could compel New GM to fund
a settlement worth over $1 billion, New GM has a direct and
substantial economic interest, and therefore has standing to
contest the Motion.

Although New GM participated at trial, the Court finds that New GM,
a non-party to the Settlement Agreement and a third-party
non-beneficiary thereof, lacked standing to adjudicate the issues
in Phase 1. New GM bears the burden to prove each element of
standing, and has failed to meet all three requirements necessary
to do so. While the Court deems it necessary to analyze the law
surrounding New GM's lack of standing over the Phase 1 issues, New
GM's standing (or lack thereof) and its participation at trial does
not impact the Court's finding that no binding Settlement Agreement
was entered into by the parties.

The Court also holds that it cannot enforce the unexecuted
Settlement Agreement. The Court has balanced both the terms of the
Settlement Agreement and the evidence of the parties' objective
actions, and while the Court agrees with the Movants that certain
of the GUC Trust's communications during negotiations of the deal
support that they agreed to the material terms of the Settlement
Agreement, and believed that the deal was done (including, for
example, providing client sign-off with respect to the Settlement
Agreement), the Movants have failed to establish that these actions
amounted to the GUC Trust waiving its objective intent to be bound
only by a signed agreement, as expressed plainly in section 3.1.

Further, the Movants' reliance on Lehman and other cases in which
courts enforced oral settlements fails, as these cases are
distinguishable. While in Lehman the court enforced an unsigned
settlement agreement with language similar to section 3.1 (the
provision there stated that "[t]his Release Agreement shall become
effective upon execution hereof by each of the Parties . . . "),
the facts in Lehman do not bear on this case because, unlike here,
before the parties in Lehman even began to memorialize their
agreement in writing, they represented to their mediator that they
had agreed to settle, and conveyed to the mediator the material
terms of the settlement. As the Lehman court explained, a provision
cannot be added to a written agreement to undo an agreement that
was already orally entered into. However, as in Ciaramella, such a
provision will generally indicate that the parties reserved their
right not to be bound absent a written agreement, thereby allowing
the parties to negotiate freely without being concerned that they
will be bound prior to execution.

A full-text copy of Judge Glenn's Memorandum Opinion and Order
dated Jan. 18, 2018 is available at:

     http://bankrupt.com/misc/nysb09-50026-14212.pdf

Attorneys for the Personal Injury and Wrongful Death Plaintiffs:

     Robert Hilliard, Esq.
     Rudy Gonzales, Esq
     HILLIARD MARTINEZ GONZALES LLP
     719 South Shoreline Boulevard
     Corpus Christi, Texas 78401

          -and-

     Steve Berman, Esq.
     Nick Styant-Brown, Esq.
     HAGENS BERMAN SOBOL SHAPIRO, LLP
     1918 8th Avenue
     Seattle, Washington 98101
     steve@hbsslaw.com
     nick@hbsslaw.com

Attorneys for the Participating Unitholders:

     Deborah Newman, Esq.
     AKIN GUMP STRAUSS HAUER & FELD LLP
     One Bryant Park
     New York, NY 10036
     djnewman@akingump.com

Attorneys for the GUC Trust:

     Mitchell A. Karlan, Esq.
     James L. Hallowell, Esq.
     Jonathan D. Fortney, Esq.
     Michael Eggenberger, Esq.
     Alejandro A. Herrera, Esq.
     GIBSON, DUNN & CRUTCHER, LLP
     200 Park Avenue
     New York, New York 10166
     mkarlan@gibsondunn.com
     jhallowell@gibsondunn.com
     jfortney@gibsondunn.com
     meggenberger@gibson.dunn.com
     aherrera@gibsondunn.com

Attorneys for New GM:

     Susheel Kirpalani, Esq.
     James C. Tecce, Esq.
     Julia Beskin, Esq.
     QUINN, EMANUEL, URQUHART & SULLIVAN, LLP
     51 Madison Avenue
     New York, New York 10010
     susheelkirpalani@quinnemanuel.com
     jamestecce@quinnemanuel.com
     juliabeskin@quinnemanuel.com

                  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.

Motors Liquidation Company GUC Trust had $530.7 million in total
assets, $42.50 million in total liabilities and $488.21 million in
net assets in liquidation.


MT YOHAI: $1.8M Sale of Los Angeles Property to Fanning Approved
----------------------------------------------------------------
Judge Catherine Bauer of the U.S Bankruptcy Court for the Central
District of California authorized Mt Yohai, LLC, to enter into the
Purchase and Sale Agreement dated Nov. 28, 2017 with Thomas Fanning
or his assign in connection with the sale of the real property
located at 2521 Nottingham Avenue, Los Angeles, California,
consisting of raw land, including any and all improvements to such
property, to Thomas Fanning or his assign for $1.8 million.

A hearing on the Motion was held on Dec. 13, 2017, at 11:00 a.m.

The sale of the Mt. Yohai Property is not contingent on the sale of
any real property in any other bankruptcy case.  

At close of escrow, the Buyer or his assignee shall take the Mt.
Yohai Property free and clear of all liens and encumbrances,
including liens held by Genesis Capital Master Fund II, Los Angeles
County Treasurer and Tax Collector and Kathleen Manafort.

The purchase price shall be paid by a full credit bid of $522,000
which shall fully satisfy the lien held by Bowery Design and
Development, and $1,278,000 which shall be deposited into escrow.

The Property will be sold on an "as-is" and "where-is" basis,
without representations or warranties, with all warranties and
representations being expressly disclaimed, without repairs, and
with all faults, if any.  

After the escrow's payment to Genesis and Los Angeles County
Treasurer and Tax Collector, the balance of the sale proceeds shall
be released by escrow directly to the estate.

The 14-day stay regarding the effectiveness of the Order is
waived.

                        About MT Yohai

Mt Yohai, LLC, a Delaware Limited Liability Company, headquartered
at Newport Beach, filed a Chapter 11 petition (Bankr. C.D. Cal.
Case No. 16-15157) on Dec. 21, 2016.  Jeffrey Yohai, managing
member, signed the petition.  The Hon. Catherine E. Bauer presides
the case.  The Debtor estimated assets and liabilities between $1
million and $10 million.  Marc C. Forsythe, Esq., and Charity J.
Miller, Esq., at GOE & FORSYTHE, LLP, serve as counsel to the
Debtor.


NAVEX ACQUISITION: S&P Raises CCR to 'B' on Strong Performance
--------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on Lake
Oswego, Ore.-based NAVEX Acquisition LLC to 'B' from 'B-'. The
outlook is stable.

S&P said, "At the same time we raised our issue-level rating on the
company's $360 million first-lien term loan to 'B' from 'B-'. The
'3' recovery rating is unchanged, indicating our expectation for
meaningful (50%-70%; rounded estimate: 50%) recovery in the event
of payment default.

"The upgrade reflects our view of NAVEX's strong and consistent
operating performance, which has led to adjusted leverage
approaching the low-6x area as of Sept. 30, 2017, down from above
7x a year ago, and free cash flow as a percentage of debt in the
high-single-digit area. The company has been a beneficiary of a
rapidly growing compliance market segment. NAVEX's comprehensive
and integrated product suite of compliance software has powered
growth as companies face an increasingly complex regulatory
environment, underpinning the need for compliance software and
services.

"The stable outlook reflects our expectation that continued growth
in the E&C software market and a stable recurring revenue base will
enable NAVEX to generate free cash flow and modestly reduce
leverage over the next 12 months.

"We could lower the rating if debt-funded acquisitions or dividends
or intensifying competition drive revenue declines or protracted
margin contraction, such that leverage exceeds 7x or free cash flow
as a percentage of debt drops to the low-single-digit area on a
sustained basis.

"Although unlikely over the next 12 months, over the longer term we
could consider an upgrade if NAVEX is able to effectively increase
sales from its new products leading to margin expansion, and
commits to and sustains leverage below 5x."


NCI BUILDING: S&P Affirms 'BB' Corp. Credit Rating, Outlook Stable
------------------------------------------------------------------
Metal buildings and components producer NCI Building Systems is
refinancing its term loan ($144 million outstanding) and senior
notes ($250 million outstanding) with a new $415 million term loan
due 2025. Despite a series of disruptive hurricanes during the
fourth quarter and an ongoing but slow recovery in nonresidential
low-rise construction, NCI Building Systems continues to expand its
top line and maintain EBITDA levels.

S&P Global Ratings affirmed its 'BB' corporate credit rating on
Houston-based NCI Building Systems Inc. The outlook is stable.

S&P said, "At the same time, we assigned our 'BB+' issue-level
rating to NCI's proposed $415 million term loan due 2025. The
recovery rating is '2', which indicates our expectation of
substantial (70%-90%; rounded estimate: 75%) recovery for lenders
in the event of a default.

"The affirmation of our 'BB' rating on NCI reflects the company's
consistent free cash flow generation and our view that a gradual
but ongoing cyclical recovery in the company's end markets is
underway. As such, we expect EBITDA levels to  gradually improve
and adjusted leverage to remain in the 2x–3x range over the next
year.

"The stable outlook reflects S&P Global Ratings' expectation that
leverage will remain below 3x over the next 12 months, based on our
forecast of moderate top line growth and modest margin expansion.
The new capital structure also allows for free-cash flow to be
applied to debt pre-payments, which would further bolster credit
measures.

"We could lower our rating on NCI if we expected leverage to exceed
3.5x. This could happen if NCI decided to pursue a debt-financed
acquisition or a more aggressive debt-financed stock repurchase
program. This could also happen if a recession caused a reversal in
nonresidential construction trends.

"We could raise the rating if we expected NCI to maintain an
adjusted debt-to-EBITDA ratio below 2x along with EBITDA margins in
excess of 15%. The margin expansion could be precipitated by
accelerated growth in low-rise nonresidential construction, along
with the effective implementation of cost cutting, cross-selling,
and general process improvement."


NEIMAN MARCUS: Bank Debt Trades at 17.80% Off
---------------------------------------------
Participations in a syndicated loan under which Neiman Marcus Group
Inc is a borrower traded in the secondary market at 82.20
cents-on-the-dollar during the week ended Friday, January 12, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.98 percentage points from the
previous week. Neiman Marcus Group Inc pays 325 basis points above
LIBOR to borrow under the $2.942 billion facility. The bank loan
matures on Oct. 25, 2020 and Moody's Caa1 rating and Standard &
Poor's CCC 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 January 12.


NEOVASC INC: Reducer Featured in Live Case at Berlin Symposium
--------------------------------------------------------------
Neovasc Inc. reported that its Neovasc Reducer was featured in a
"live case" broadcast to more than 800 participants at the
Kardiologie Symposium 2018 held in Berlin, Germany.  The successful
live case was performed by Dr. Spyrantis and Professor Banai in the
Sana-Klinikum Lichtenberg.

"The patient in this case, like a growing number of patients, still
had significant angina after all medical treatment options had been
exhausted.  There is clearly a need to address this patient
population as their quality of life is very poor and the burden on
the healthcare system is significant due to the frequency of
emergency room visits," commented Dr. Olaf Going, a panelist during
the live case session.  "Reducer is an important and innovative
treatment option for patients suffering from refractory angina."

"The live case and the momentum in the post market study reflect
the continued success of Reducer's performance in Europe,"
commented Neovasc CEO, Alexei Marko.  "As Dr. Going's comments
suggest, we believe we are only beginning to scratch the surface of
this very serious condition."

The Company's REDUCER-I Observational Study is a multi-center,
multi-country, three-arm study collecting long-term data from
European patients implanted with the Reducer.  The study is
expected to enroll up to 400 patients. Currently, 135 patients have
been enrolled across 20 centers that are active in Italy, Germany,
Belgium, Netherlands, United Kingdom, and Switzerland.

                         About Reducer

The Reducer is CE-marked in the European Union for the treatment of
refractory angina, a painful and debilitating condition that occurs
when the coronary arteries deliver an inadequate supply of blood to
the heart muscle, despite treatment with standard revascularization
or cardiac drug therapies.  It affects millions of patients
worldwide, who typically lead severely restricted lives as a result
of their disabling symptoms, and its incidence is growing.  The
Reducer provides relief of angina symptoms by altering blood flow
in the heart's circulatory system, thereby increasing the perfusion
of oxygenated blood to ischemic areas of the heart muscle.
Placement of the Reducer is performed using a minimally invasive
transvenous procedure that is similar to implanting a coronary
stent and is completed in approximately 20 minutes.

                About Kardiologie Symposium 2018

The Kardiologie Symposium 2018 takes place for the 18th time and is
co-chaired by Dr. Going from Sana-Klinikum Lichtengerg, Berlin and
by Professor Falk from the Deutsches Herzzentrum Berlin.

                     About Neovasc Inc.

Based in Richmond, British Columbia, Neovasc Inc. --
http://www.neovasc.com/-- is a specialty medical device company
that develops, manufactures and markets products for the rapidly
growing cardiovascular marketplace.  Its products include the
Neovasc Reducer, for the treatment of refractory angina, which is
not currently available in the United States and has been available
in Europe since 2015 and the Tiara, for the transcatheter treatment
of mitral valve disease, which is currently under investigation in
the United States, Canada and Europe.  The Company also sells a
line of advanced biological tissue products that are used as key
components in third-party medical products including transcatheter
heart valves.

Neovasc reported a loss of US$86.49 million for the year ended Dec.
31, 2016, following a loss of US$26.73 million for the year ended
Dec. 31, 2015.  As of Sept. 30, 2017, Neovasc had US$81.75 million
in total assets, US$114.73 million in total liabilities and a total
deficit of US$32.98 million.

Grant Thornton LLP, in Vancouver, Canada, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, emphasizing that the Company was named in a
litigation and that the court awarded $112 million in damages
against it.  This condition, along with other matters, indicate the
existence of a material uncertainty that may cast significant doubt
about the Company's ability to continue as a going concern, the
auditors said.


NORTHGATE PUBLIC: Bank Debt Trades at 16.50% Off
------------------------------------------------
Participations in a syndicated loan under which Northgate Public
Services [NPS] is a borrower traded in the secondary market at
83.50 cents-on-the-dollar during the week ended Friday, January 12,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 4.38 percentage points
from the previous week.  Northgate Public Services [NPS] pays 575
basis points above LIBOR to borrow under the $237 million facility.
The bank loan matures on March 3, 2022. 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 January
12.


NOVA TERRA: Unsecureds to Receive 5% in 84 Monthly Payments
-----------------------------------------------------------
Nova Terra, Inc., filed with the U.S. Bankruptcy Court for the
District of Puerto Rico a small business disclosure statement
describing its plan of reorganization dated Jan. 12, 2018.

Based in Arecibo, Puerto Rico, Nova Terra, Inc., operates an
electronic equipment recycling business.

Under the plan, class 6 general unsecured claims will receive a
distribution of 5% of its allowed claim(s) to be paid in 84 monthly
payments. Payments will commence on the effective date, which is 60
days after the entry of order of confirmation of the plan.

Payments and distributions under the Plan will be funded by
Debtor's income from the business, and/or sale of assets and/or
from other funds to which Debtor may be entitled.

A copy of the Disclosure Statement is available for free at:

       http://bankrupt.com/misc/prb17-01968-11-68.pdf

                    About Nova Terra Inc.

Based in Arecibo, Puerto Rico, Nova Terra, Inc., sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No.
17-01968) on March 23, 2017.  The case is assigned to Judge Edward
A. Godoy.  Ruben Gonzalez Marrero, Esq., at Ruben Gonzalez Marrero
& Associates, serves as the Debtor's legal counsel.


OLD COLD: 1st Cir. Affirms Ruling on Approval of Sale with S&S
--------------------------------------------------------------
In the cases captioned MISSION PRODUCT HOLDINGS, INC.,
Appellant/Cross-Appellee, v. OLD COLD LLC, f/k/a Tempnology, LLC
and SCHLEICHER AND STEBBINS HOTELS LLC, Appellees/Cross-Appellants,
Nos. 16-9012, 16-9015 (1st Cir.), the U.S. Court of Appeals, First
Circuit, affirms the ruling of the bankruptcy court approving the
sale that transpired between Debtor Tempnology, LLC, and winning
bidder Schleicher and Stebbins Hotels LLC.

Chapter 11 debtor Tempnology, LLC auctioned off its assets pursuant
to section 363 of the Bankruptcy Code. Schleicher and Stebbins
Hotels LLC was declared the winning bidder over Mission Product
Holdings, Inc. With the bankruptcy court's approval, Debtor and S&S
completed the sale. On appeal, Mission asked the First Circuit to
order the bankruptcy court to unwind the sale and treat Mission as
the winning bidder.

In its appeal, Mission advances two arguments: First, it argues
that section 363(m) does not control because S&S was not a good
faith purchaser. Second, it argues that Mission was given no chance
to seek a stay of the sale, and thus the First Circuit should
overlook the absence of a stay.

First, and true to its name, a good faith purchaser must act "in
good faith." This means that the party must purchase without fraud,
misconduct, or collusion, and must not take "`grossly unfair'
advantage of other bidders."

Mission posits that the following alleged events, as Mission
characterizes them, evidence collusion or other misconduct: Debtor
did not negotiate the forbearance agreement; Stebbins exercised
control over Debtor; Debtor instructed Phoenix not to contact
certain customers in its marketing efforts; S&S's stalking horse
bid included a credit bid of funds not yet disbursed; Debtor and
S&S discussed S&S's bid during a break at the auction; and Debtor
changed the value of inventory and accounts receivable to their
liquidation value at the auction. The bankruptcy court carefully
addressed the gist of these allegations. It concluded, based in
part on two days of evidentiary hearings, that "there is no
evidence in the record establishing any misconduct or collusion in
the sale process by the Debtor and S&S." The court found, among
other things, that Debtor's marketing efforts were sufficient and
appropriate, that Stebbins did not exert influence over Debtor
after stepping down from its management committee, that the
forbearance agreement and stalking horse bid were negotiated by
counsel, that any issue regarding the stalking horse bid's funding
was resolved prior to the auction, that S&S was entitled to credit
bid at the auction, that the revaluation of the assets at auction
applied equally to both bidding parties, that the sale procedures
permitted ex parte communication, and, finally, that S&S's bid was
superior to Mission's. The First Circuit sees no clear error and
agrees that S&S is a good faith purchaser.

The second prong of the good faith purchaser definition requires
the buyer to have purchased the property "for value." If a
purchaser buys in good faith at a fairly-conducted auction, paying
the auction price is sufficient evidence of having paid value. This
turns the inquiry primarily back to the issue of good faith, id.,
which ends the Court’s second-prong inquiry because they have
already affirmed the bankruptcy court's finding that S&S purchased
in good faith.

The First Circuit concludes that S&S is a good faith purchaser
entitled to the protection of section 363(m). Mission's remaining
challenges to the sale order are therefore rendered statutorily
moot.

A full-text copy of the First Circuit's Decision dated Jan. 12,
2018 is available at https://is.gd/4csI53 from Leagle.com.

Robert J. Keach -- rkeach@bernsteinshur.com -- with whom Lindsay
K.Z. Milne and Bernstein, Shur, Sawyer & Nelson, P.A. were on
brief, for appellant/cross-appellee.

Christoper M. Desiderio with whom Daniel W. Sklar and Nixon Peabody
LLP were on brief, for appellee/cross-appellant Old Cold LLC.

Christoper M. Candon -- ccandon@sheehan.com -- with whom Sheehan
Phinney Bass & Green PA was on brief, for appellee/cross-appellant
Schleicher & Stebbins Hotels LLC.

                       About Old Cold, LLC

Based in Portsmouth, New Hampshire, Old Cold, LLC, is a material
innovation company, with the front-facing brands of Coolcore and
Dr. Cool.  Coolcore, the global leader in chemical-free cooling
fabrics, has partnerships to develop fabrics for consumer brands
throughout the world.  Dr. Cool is a consumer goods brand based on
the foundation of chemical-free cooling products.

Old Cold filed for Chapter 11 bankruptcy protection (Bankr. D.N.H.
Case No. 15-11400) on Sept. 1, 2015.  The Debtor is represented by
Daniel W. Sklar, Esq., Christopher Desiderio, Esq., and Christopher
Fong, Esq., at Nixon Peabody LLP.


OLD COLD: Liable for Prepetition Damages to Mission
---------------------------------------------------
The U.S. Court of Appeals, First Circuit, affirms the decision of
the bankruptcy court ruling in favor of Debtor Tempnology, LLC,
n/k/a Old Cold LLC, in the appeals case captioned MISSION PRODUCT
HOLDINGS, INC., Appellant, v. TEMPNOLOGY, LLC, n/k/a Old Cold LLC,
Appellee, No. 16-9016 (1st Cir.).

Generally speaking, when a company files for protection under
Chapter 11 of the Bankruptcy Code, the trustee or the
debtor-in-possession may secure court approval to "reject" any
executory contract of the debtor, meaning that the other party to
the contract is left with a damages claim for breach, but not the
ability to compel further performance. When the rejected contract,
however, is one "under which the debtor is a licensor of a right to
intellectual property," the licensee may elect to "retain its
rights . . . to such intellectual property," thereby continuing the
debtor's duty to license the intellectual property.

In this case, Tempnology -- a debtor-in-possession seeking to
reorganize under Chapter 11 -- rejected an agreement giving certain
marketing and distribution rights to Mission Product Holdings, Inc.
The parties agree that Mission can insist that the rejection not
apply to nonexclusive patent licenses contained in the rejected
agreement. They disagree as to whether the rejection applies to the
agreement's grants of a trademark license and of exclusive rights
to sell certain of Debtor's goods. In the case of the trademark
license, resolving that disagreement poses for this circuit an
issue of first impression concerning which other circuits are
split.

What is at issue for these parties, practically speaking, is
whether to classify as pre-petition or post-petition liability any
damages caused by Debtor's failure to honor its executory
obligations during the two-year Wind-Down Period.

Here, the First Circuit agrees with the bankruptcy court that the
rejection left Mission with only a pre-petition damages claim in
lieu of any obligation by Debtor to further perform under either
the trademark license or the grant of exclusive distribution
rights.

A copy of the First Circuit's  Jan. 12, 2018 Decision is available
at https://is.gd/SgGTgI from Leagle.com.

Robert J. Keach -- rkeach@bernsteinshur.com -- with whom Lindsay
K.Z. Milne and Bernstein, Shur, Sawyer & Nelson, P.A. were on
brief, for appellant.

Lee A. Harrington -- lharrington@nixonpeabody.com. -- with whom
Daniel W. Sklar and Nixon Peabody LLP were on brief, for appellee.

                       About Old Cold, LLC

Based in Portsmouth, New Hampshire, Old Cold, LLC, is a material
innovation company, with the front-facing brands of Coolcore and
Dr. Cool.  Coolcore, the global leader in chemical-free cooling
fabrics, has partnerships to develop fabrics for consumer brands
throughout the world.  Dr. Cool is a consumer goods brand based on
the foundation of chemical-free cooling products.

Old Cold filed for Chapter 11 bankruptcy protection (Bankr. D.N.H.
Case No. 15-11400) on Sept. 1, 2015.  The Debtor is represented by
Daniel W. Sklar, Esq., Christopher Desiderio, Esq., and Christopher
Fong, Esq., at Nixon Peabody LLP.


PELICAN REAL ESTATE: Trustee Selling Torok Pool for $100K
---------------------------------------------------------
Maria Yip, the liquidating trustee for Pelican Real Estate LLC,
asks the U.S. Bankruptcy Court for the Middle District of Florida
to authorize the sale procedures in connection with the sale of all
or substantially all of the Liquidating Trustee's right, title, and
interest in the Torok Pool, consists of 126 distressed real estate
loans, to U.S. Bank Trust National Association, as Trustee for
American Homeowner Preservation Trust Series 2015A+ by AHP Capital
Management, LLC, for $100,000, subject to higher and better
offers.

On the Effective Date of March 2, 2017 of the Debtor's Plan, the
Smart Money Liquidating Trust came into existence, and the
Liquidating Trust Assets -- including the property that is the
subject of the Motion -- transferred to the Liquidating Trust.  The
Liquidating Trust is governed by the Liquidating Trust Agreement,
and Yip is the Liquidating Trustee.

The Liquidating Trust Agreement provides that the Liquidating
Trustee shall, among other things, (a) liquidate the Liquidating
Trust Assets, (b) take actions reasonably necessary or appropriate
to effectuate and implement the terms of the Plan, and (c) exercise
all powers vested in Debtors pursuant to the Bankruptcy Code as may
be necessary to carry out the provisions of the Plan.

The Liquidating Trust has an interest in a pool of distressed real
estate loans, which are described in paragraphs 98 through 104 of
the Examiner's Report.  The property interests consist of 126
assets sold by Keith M. Aurzada, as receiver for James G. Temme,
Stewardship Fund, LP, and/or other entities they controlled, in
2013 through a court-approved sale process to Toroklaw Equity
Management Co. or an affiliate company, which the Liquidating
Trustee has been informed were subsequently transferred to the
Debtors.  Financial records obtained by the Liquidating Trustee
indicate that Debtor funds were used to purchase these assets
("Torok Pool").

Since the Effective Date, the Liquidating Trustee has investigated
the market for -- and actively marketed -- the Torok Pools.  She
has received a highest and best offer of $100,000 for the sale of
the Liquidating Trustee's right, title, and interest in the Torok
Pool, "as is, where is," with no representations or warranties of
any kind, to the Proposed Buyer.

The Liquidating Trustee and the Proposed Buyer have entered into
the Purchase and Sale Agreement, subject to higher and better
offers and the Court's approval.

The essential terms of the Agreement are:

     a. The sale price will be $100,000 or such higher and better
offer accepted by the Seller in the event that the Liquidating
Trustee receives a Qualifying Bid and conducts an auction.

     b. The Proposed Buyer has wired the Liquidating Trustee's
counsel the full purchase price of $100,000, to be held as a
deposit.

     c. The sale is contingent upon receiving Court approval.

In order to assure the greatest recovery, the Liquidating Trustee
continues to solicit offers for the sale of the Torok Pool, and
asks the Court approves the Bidding Procedures.

The salient terms of the Bidding Procedures are:

     a. Initial Bid: Equal to or greater than $110,000

     b. Deposit: $55,000 made payable to "Broad and Cassel LLP
Trust Account," to be held by the Liquidating Trustee's counsel

     c. Bid Deadline: 5:00 p.m. (ET) on the seventh day before the
initial date set by the Court as the final hearing on the Motion

     d. Auction: TBD

     e. Bid Increments: $5,000

A copy of the Mortgage Loan Schedule, the Notice of Proposed Sale
and the Agreement attached to the Motion is available for free at:

             http://bankrupt.com/misc/Pelican_Real_695_Sales.pdf

The Liquidating Trustee is not aware of any liens on, claims
against, or interests of others in the Torok Pool.  The only
potential claims against or interests in the Torok Pool are those
of Toroklaw Equity Management Co., Torok Law Equity Management Fund
1, LLC, Mark Torok, and/or any affiliated persons or entities given
the structure of the acquisition of the Torok Pool and that bare
title holder to the Torok Pool could be one of the Torok Entities.
Her general lack of documentation concerning the acquisition of the
Torok Pool and later transfer to one or more of the Debtor entities
indicates that some undisclosed interest could be claimed by the
Torok Entities.

The Liquidating Trustee proposes to sell the Torok Pool free and
clear of liens, claims, and interests of others who receive notice
of this motion and hearing, with the liens, claims, and interests
to attach to the proceeds.  She asks that the Court sets a deadline
of 5:00 p.m. (ET) on the seventh day before the initial date set by
the Court as the final hearing to assert any claim as to the
proceeds from the sale.

Because the Liquidating Trustee was solely involved in the finding
of the Proposed Buyer, there are no brokerage fees owed relating to
sale proposed.  This represents a substantial savings to the
creditors and the estate.

Finally, because of the need to close rapidly on the sale, the
Liquidating Trustee submits that the circumstances warrant the
elimination of the 14-day stay provided by Bankruptcy Rule
6004(h).

The Purchaser:

          U.S. BANK NATIONAL ASSOCIATION
          c/o AHP Capital Managemenet, LLC
          Administrator
          819 S. Wabash, Suite 606
          Chicago, IL 60605

The Torok Entities:

          TOROKLAW EQUITY MANAGEMENT FUND I, LLC
          806 Oriole Street
          Corpus Christi, TX 78418-5039

          TOROKLAW EQUITY MANAGEMENT FUND II, LLC
          13300 Old Blanco Road
          Suite 260
          San Antonio, TX 78216

          TOROKLAW EQUITY MANAGEMENT CO.
          13300 Old Blanco Road
          Suite 260
          San Antonio, TX 78216

                     About Pelican Real Estate

Pelican Real Estate, LLC, and its eight affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D.
Fla. Lead Case No. 16-03817) on June 8, 2016.  The petition was
signed by Jared Crapson, president of SMFG, Inc., manager of
Pelican Management Company, LLC.  At the time of the filing,
Pelican Real Estate listed under $50,000 in both assets and debt.

The Debtors are represented by Elizabeth A. Green, Esq., at Baker &
Hostetler LLP.  The Debtors hired Bill Maloney Consulting as their
financial advisor; Hammer Herzog and Associates P.A. as their
accountant; and Pino Nicholson PLLC as their special counsel.

Turnkey Investment Fund LLC, an affiliate of Pelican Real Estate
LLC, hired Dance Bigelow Sharp & Co. as accountant.

Guy Gebhardt, acting U.S. trustee for Region 21, on July 27, 2016,
formed an official committee of unsecured creditors for Pelican
Real Estate LLC's affiliates, Smart Money Secured Income Fund LLC
and Accelerated Asset Group LLC.

Maria Yip was appointed examiner in the case.  She hired
GrayRobinson, P.A., as her lead counsel; and Fikso Kretschmer Smith
Dixon Ormseth PS as special counsel.

On Feb. 15, 2017, the court entered an order confirming the
Debtors' Second Amended Plan of Liquidation.  The Plan became
effective on March 2, 2017, at which time the Smart Money
Liquidating Trust came into existence and Ms. Yip was named the
liquidating trustee.


PEREZ BROTHERS: Case Summary & 18 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Perez Brothers Transport, LLC
        PO Box 907
        Montebello, CA 90640

Business Description: Perez Brothers Transport, LLC is a privately
                      held trucking company in Montebello,
                      California.  Its principal place of business
                      is located at 8981 Kendall Avenue, South
                      Gate, CA 90280.

Chapter 11 Petition Date: January 18, 2018

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Case No.: 18-10589

Judge: Hon. Vincent P. Zurzolo

Debtor's Counsel: Michael Jay Berger, Esq.
                  LAW OFFICES OF MICHAEL JAY BERGER
                  9454 Wilshire Blvd 6th Floor
                  Beverly Hills, CA 90212-2929
                  Tel: 310-271-6223
                  Fax: 310-271-9805
                  E-mail: michael.berger@bankruptcypower.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Fernando Perez, managing member.

A copy of the Debtor's list of 18 largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb18-10589.pdf


PES HOLDINGS: Case Summary & 50 Largest Unsecured Creditors
-----------------------------------------------------------
Lead Debtor: PES Holdings, LLC
             1735 Market Street, 11th Floor
             Philadelphia, PA 19103

Type of Business: Headquartered in Philadelphia, PA, PES owns an
                  oil refining complex.  The Philadelphia Energy
                  Solutions Refining Complex operates two domestic
                  refineries -- Girard Point and Point Breeze --
                  in South Philadelphia.  The refinery processes
                  approximately 335,000 barrels of crude oil per
                  day (42 U.S. gallons per barrel).  In addition
                  to producing unbranded gasoline (87, 89 and 93
                  octane), PES also produces jet fuel, cleaner-
                  burning diesel, petrochemicals, liquefied
                  petroleum gas and sulfur in the Northeast.  The
                  company offers a variety of diesels, including
                  ultra-low-sulfur diesel, non-road, heating oil,
                  locomotive/marine and non-jet kerosene.  PES
                  employs over 1,000 people.  PES is owned by The
                  Carlyle Group and a subsidiary of Energy
                  Transfer Partners, L.P.  

                  http://pes-companies.com/

Chapter 11
Petition Date:    January 21, 2018

Affiliates that simultaneously filed Chapter 11 petitions:

     Debtor                                               Case No.
     ------                                               --------
     PES Holdings, LLC                                    18-10122
     North Yard Financing, LLC                            18-10123
     North Yard GP, LLC                                   18-10124
     North Yard Logistics, L.P.                           18-10125
     PES Administrative Services, LLC                     18-10126
     PES Logistics GP, LLC                                18-10127
     PES Logistics Partners, L.P.                         18-10128
     PESRM Holdings, LLC                                  18-10129
     Philadelphia Energy Solutions Refining and Marketing 18-10130

Court:            United States Bankruptcy Court
                  District of Delaware (Delaware)

Debtors'
General
Bankruptcy
Counsel:          James H.M. Sprayregen, P.C.
                  Steven N. Serajeddini, Esq.
                  KIRKLAND & ELLIS LLP
                  KIRKLAND & ELLIS INTERNATIONAL LLP
                  300 North LaSalle Street
                  Chicago, Illinois 60654
                  Tel: (312) 862-2000
                  Fax: (312) 862-2200
                  E-mail: james.sprayregen@kirkland.com
                          steven.serajeddini@kirkland.com

                     - and -

                   Edward O. Sassower, P.C.
                   Matthew C. Fagen, Esq.
                   KIRKLAND & ELLIS LLP
                   KIRKLAND & ELLIS INTERNATIONAL LLP
                   601 Lexington Avenue
                   New York, New York 10022
                   Tel: (212) 446-4800
                   Fax: (212) 446-4900
                   E-mail: edward.sassower@kirkland.com
                           matthew.fagen@kirkland.com

Debtors'
Local
Bankruptcy
Counsel:           Laura Davis Jones, Esq.
                   Timothy P. Cairns, Esq.
                   Peter J. Keane, Esq.
                   PACHULSKI STANG ZIEHL & JONES LLP
                   919 North Market Street, 17th Floor
                   P.O. Box 8705
                   Wilmington, Delaware 19899-8705 (Courier  
                   19801)
                   Tel: (302) 652-4100
                   Fax: (302) 652-4400
                   E-mail: ljones@pszjlaw.com
                           tcairns@pszjlaw.com
                           pkeane@pszjlaw.com  

Debtors'
Financial
Advisor:           PJT PARTNERS LP

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

Debtors'
Notice &
Claims
Agent:             RUST CONSULTING/OMNI BANKRUPTCY
                   Web site: https://is.gd/DG6tpb

Estimated Assets: $1 billion to $10 billion

Estimated Liabilities: $1 billion to $10 billion

Gregory G. Gatta, manager, signed the petitions.

A full-text copy of PES Holdings' petition is available at:

            http://bankrupt.com/misc/deb18-10122.pdf

List of Debtor's 50 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
Anderson Construction Services      Trade Payable       $1,790,416
Attn: Ricke C. Foster, VP
6958 Torresdale Avenue Ste 300
Philadelphia, PA 19135
Tel: 215-331-7150
Fax: 215-332-8350
Email: rickf@andersonconstructionserv.com

J J White Inc                       Trade Payable       $1,505,889
Attn: Ed Purdy, Executive VP, CFO
5500 Bingham Street
Philadelphia, PA 19120
Tel: 215-722-1000
Fax: 215-745-6229
Email: admin@jjwhiteinc.com

CSX Transportation                  Trade Payable       $1,344,207
Attn: Nathan D. Goldman, Executive
VP and Chief Legal Officer
500 Water Street, 15th Floor
Jacksonville, FL 32202
Tel: 904-359-3200
Fax: 904-359-2459

Sunoco Partners Marketing &         Trade Payable       $1,283,619
Terminal LP
Attn: Joseph Colella, Senior VP
3801 West Chester Pike
Newton Square, PA 19073
Tel: 866-248-4344

Matrix Service Industrial           Trade Payable       $1,266,406
Contractors, Inc.
Attn: Kevin S. Cavanah, CFO
5100 E. Skelly Dr., Ste. 100
Tulsa, OK 74135-657
Tel: 918-838-8822
Email: legal@matrixservicecompany.com

Trinity Industries Leasing Company  Trade Payable       $1,215,666
Attn: Tom Jardine
2525 Stemmons Freeway
Dallas, TX 75207
Tel: 214-631-4420

Thyssenkrupp Safway Inc             Trade Payable       $1,201,624
Attn: General Manager
10 Industrialhighway Ms #24 Suite 2
Lester, PA 19113
Tel: 913-281-7927; 610-362-0302
Fax: 610-586-5896

Nooter Construction Co              Trade Payable       $1,154,154
Attn: Bernie Wicklein, President
6 Neshaminy Interplex Suite 300
Trevose, PA 19053
Tel: 215-638-7474
Fax: 215-638-8080
Email: sales@nooter.com

BNSF Railway Company                Trade Payable       $1,080,216
Attn: Ms. Julie A. Piggott, CFO,
Executive VP and Director
2650 Lou Menk Drive
Fort Worth, TX 76131
Tel: 800-795-2673
Fax: 817-352-2399

Jacobs Engineering                  Trade Payable         $995,524
Attn: Steve Demetriou, CEO
1880 Waycross Road
Cincinnati, OH 45240
Tel: 513-595-7500
Fax: 513-595-7860
Email: contactus@jacobs.com

Mechanical Dynamics & Analysis      Trade Payable         $994,257
Attn: John Vanderhoef,
President and CEO
19 British American Blvd
Latham, NY 12110
Tel: 518-399-3616
Fax: 518-399-3929
Email: Info@MDAturbines.com

Simpson & Brown, Inc                Trade Payable         $830,862
Attn: Thatcher Simpson, President
119 North Ave West
Cranford, NJ 07016
Tel: 908-276-2776
Fax: 908-272-2627
Email: info@simpsonandbrown.com

Brand Insulation Services           Trade Payable         $823,328
Attn: General Manager
32 Iron Side Court
Willingboro, NJ 08046
Tel: (856) 467-2850
Fax: 770-514-0285
Email: info@beis.com

Diversified Company                 Trade Payable         $740,900
Attn: General Manager
200 Clarendon
Boston, MA 02116

CM Towers Inc                       Trade Payable         $700,026
Attn: Dennis R Moran,
President & CEO
21 Commerce Drive
Cranford, NJ 07016-3507
Tel: 973-257-1446

WR Grace & Co-Conn                  Trade Payable         $627,038
Attn: Thomas Blaser, Senior Vice
President and CFO
7500 Grace Drive
Columbia, MD 21044
Tel: 410-531-4000
Fax: 410-531-4367

Sumter Transport Company            Trade Payable         $576,530
Attn: Bill Clarke, CFO
170 S. Lafayette Blvd
Sumter, SC 29150
Tel: 803-775-1002
Fax: 803-778-0118
Email: bill.clarke@sumtertransport.com

Kirk Erectors, Inc.                 Trade Payable         $528,224
Attn: Charles K. Ellison, President
150 Capital Drive Suite 260
Golden, CO 80401
Tel: 303-376-6208
Fax: 303-376-6209
Email: info@kirkerectors.com

W & K Welding & Tank Erectors       Trade Payable         $499,473
Attn: Wilburn Williams, President
P.O. Box 13
1000 Union Landing Rd
Riverton, NJ 08077
Tel: 856-764-1210
Fax: 856-786-1993
Email: information@wktank.com

General & Mechanical Contractors    Trade Payable         $483,906
Attn: John Grasso, Owner
408 Southgate Court
Mickleton, NJ 08056
Tel: 856-423-5859
Fax: 856-423-8771
Email: jgrasso@genmech.net

Trico Lift A Division Of Blue Line  Trade Payable         $459,687
Attn: Chris Carmolingo
1101 Wheaton Ave
Millville, NJ 08332
Tel: 856-776-2350
Fax: 856-776-2365

H T Sweeney & Son Inc               Trade Payable         $455,106
Attn: Terry Sweeney
308 Dutton Mill Road
Brookhaven, PA 19015-1197
Tel: 610-872-8896
Fax: 610-874-6730
Email: tsweeney@htsweeney.com

Allstate Power Vac Inc              Trade Payable         $441,497
Attn: Daniel Coon,
Vice President and CFO
928 East Hazelwood Avenue
Rahway, NJ 07065
Tel: 732-815-0220
Fax: 732-815-9892
Email: MARKETING@ACVENVIRO.COM

Handex Consulting &                 Trade Payable         $355,330
Remediation, LLC
Attn: Andy Shoulders,
President and COO
1350 Orange Ave. Suite 101
Winter Park FL 32789
Tel: 609-336-2590
Fax: 609-336-2589

Belco Technologies Corp             Trade Payable         $352,732
Attn: General Manager
9 Entin Road
Parsippany, NJ 07054
Tel: 973-884-4700
Fax: 973-884-4775

Archer Daniels Midland Company      Trade Payable         $342,046
Attn: General Manager
4666 Faries Parkway
Decatur, IL 62526
Tel: 217-424-5200
Fax: 217-424-5200

Elliott Company                     Trade Payable         $300,100
Attn: General Manager
P.O. Box 951519
Cleveland, OH 44193
Tel: 330-656-3930
Fax: 330-653-8505

Veolia North America Regeneration   Trade Payable         $297,712
Attn: Steve Hopper, President North
America Regeneration Services
4760 World Houston Pkwy Ste 100
Houston, TX 77032
Tel: 888-983-6542

Teco Westinghouse Motor Company     Trade Payable         $285,067
Attn: Vincent Tang, President
5100 North IH-35
Round Rock, TX 78681
Tel: 800-451-8798
Fax: 512-255-4141

Infineum USA LP                     Trade Payable         $278,294
Attn: General Manager
1900 E. Linden Avenue
PO Box 735
Linden, NJ 07036
Tel: 800-654-1233
Fax: 908-474-6117

Brenntag Northeast Inc              Trade Payable         $272,526
Attn: General Manager
81 W. Huller Lane
Reading PA, 19605
Tel: 610-926-6100
Fax: 610-916-3782
Email: BNEReadingCS@brenntag.com

Fleetwood Industrial Products       Trade Payable         $266,741
Attn: General Manager
11 Creek Parkway
Boothwyn, PA 19061
Tel: 610-859-8951
Fax: 610-859-8957

Haldor Topsoe Inc                  Trade Payable          $265,263
Attn: General Manager
17629 Elcamino Real
Houston, TX 77058
Tel: 281-228-5000
Fax: 281-228-5019
Email: postmaster@topsoe.com

Chalmers & Kubeck Inc              Trade Payable          $238,245
Attn: Dennis Kubeck, President
150 Commerce Drive
Aston, PA 19014
Tel: 610-494-4300
Fax: 610-485-1484
Email: info@candk.com

Team Industrial Services Inc       Trade Payable          $218,013

Service Painting Inc               Trade Payable          $212,310

Johnson Matthey Process            Trade Payable          $211,038

Amquip Crane Rental, LLC           Trade Payable          $194,679
Email: robert.schiller@amquip.com

Honeywell                          Trade Payable          $189,102

Sulzer Pump Services (US) Inc      Trade Payable          $188,852

Exxonmobil Catalyst                Trade Payable          $185,134
Technologies LLC

ZeroChaos                          Trade Payable          $171,266
Email: service@zerochaos.com

Univar USA Inc                     Trade Payable          $170,746

Kellogg Brown & Root Inc           Trade Payable          $169,984

Piping Technology & Products, Inc. Trade Payable          $167,961
Email: info@pipingtech.com

Lucknow Highspire Terminals Inc    Trade Payable          $163,956

GE International Inc               Trade Payable          $160,979

US Environmental Inc               Trade Payable          $156,425
Email: info@usenv.com

American Railcar Leasing, LLC      Trade Payable          $147,510
Email: Tim.Johnson@SMBCRail.com

Ferguson Enterprises #1300         Trade Payable          $145,619


PETROLEUM GEO-SERVICES: Bank Debt Trades at 16.17% Off
------------------------------------------------------
Participations in a syndicated loan under which Petroleum
Geo-Services ASA [PGS] is a borrower traded in the secondary market
at 83.83 cents-on-the-dollar during the week ended Friday, January
12, 2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 0.60 percentage points
from the previous week. Petroleum Geo-Services ASA [PGS] pays 250
basis points above LIBOR to borrow under the $400 million facility.
The bank loan matures on Mar. 19, 2021 and Moody's Caa2 rating and
Standard & Poor's CCC+ 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 January
12.


PETSMART INC: Bank Debt Trades at 18.84% Off
--------------------------------------------
Participations in a syndicated loan under which Petsmart Inc is a
borrower traded in the secondary market at 81.16
cents-on-the-dollar during the week ended Friday, January 12, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.80 percentage points from the
previous week.  Petsmart Inc pays 475 basis points above LIBOR to
borrow under the $4.246 billion facility. The bank loan matures on
Mar. 10, 2022 and Moody's Ba3 rating and Standard & Poor's CCC+
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 January 12.




PRINCESS MILL: Case Summary & 2 Unsecured Creditors
---------------------------------------------------
Debtor: Princess Mill Properties, LLC
        4220 La Grande Princess
        Christiansted, VI 00820

Business Description: Princess Mill Properties, LLC is a privately

                      held real estate company based in
                      Christiansted, Virgin Island.  It is a small
                      business Debtor as defined in 11 U.S.C.
                      Section 101(51D).

Chapter 11 Petition Date: January 21, 2018

Case No.: 18-10001

Court: United States Bankruptcy Court
       District Court of the Virgin Islands (St. Croix)

Debtor's Counsel: Benjamin A. Currence, Esq.
                  BENJAMIN A. CURRENCE P.C.
                  P.O. Box 6143
                  St. Thomas, VI 00804-6143
                  Tel: 340 775-3434
                  E-mail: currence@surfvi.com
                         bencurrence@gmail.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Stacia Jung, sole member.

A full-text copy of the petition, containing a list of the Debtor's
two largest unsecured creditors, is available at:

             http://bankrupt.com/misc/vib18-10001.pdf


RAMADA MORGANTOWN: Equity Partners HG Retained to Seek Buyer
------------------------------------------------------------
By authority of the U.S. Bankruptcy Court of the Northern District
of West Virginia, Equity Partners HG has been retained to seek a
buyer for the Ramada Morgantown Hotel and Conference Center ("The
Hotel").  Built in 1974, The Hotel is located at the intersection
on I-79 and I-68 on a knoll with beautiful 360-degree views.  The
property currently consists of a single tract, totaling 9.9 acres,
but could be subdivided to create additional development
opportunities.  West Virginia University campus and stadium are
less than 4 miles from the conference center.

The Ramada Hotel and Conference Center has been family owned and
operated since 1974.  The hotel features 149 full service rooms, a
large tavern and restaurant and 11 conference room/ballroom spaces
for weddings and other events.   Morgantown is a hotbed of growth,
with one of the lowest unemployment rates in the nation for the
past 5 years.  It is the fastest growing city in West Virginia, and
were it located in Pennsylvania, just a few miles to the north, it
would be the fastest growing city in Pennsylvania.  Morgantown's
growth is expected to continue and likely accelerate.  This site is
located just outside the Morgantown city limits and is free of
development entitlements, while still benefiting from public
infrastructure: water, electric, gas, sewage, and public
transportation.  Nearby outdoor attractions include Cheat Lake and
River, Lakeview Golf Resort & Spa, Ohio Pyle State Park, and
Coopers Rock State Forest.

Fred Cross, a Managing Director at Equity Partners HG, says that
"This is an excellent opportunity to acquire a structurally sound
hotel strategically located on major throughways within a vibrant
economic region of the state.  The property is also prime for
mixed-use development including senior living, apartments,
condominiums, or a medical center.  Minimal improvements can make
this an income producing property again."

Equity Partners HG, formerly "Heritage Equity Partners", based in
Easton, MD, provides investment banking services and has completed
in excess of 500 engagements throughout the United States since
1988.


REAL ALLOY: Obtains Court Approval on DIP Financing
---------------------------------------------------
Real Alloy Holding, Inc., on Jan. 18, 2018, announced several
operational updates.

On Jan. 17, 2018, Real Alloy received final approval from the U.S.
Bankruptcy Court for the District of Delaware for its DIP
financing, which is the existing $265 million Real Alloy DIP
facility provided by Bank of America and certain bondholders of the
Company approved in November.  This DIP financing allows Real Alloy
to continue uninterrupted operations throughout the reorganization
process, giving Real Alloy the authority to make payments to
suppliers and service providers as well as to continue to pay
employees wages, salaries and benefits.

Real Alloy's DIP financing is entirely separate from the DIP
financing provided to Real Industry, Inc.

Significant Progress Made from Real Alloy Since Filing

Since the filing of Chapter 11 in November 2017, Real Alloy has
successfully negotiated contracts for 2018 production with several
longstanding customers including major multinational automobile
manufacturers and large-scale aluminum producers.  The Company's
average tenure on its relationship with these customers is over 20
years.

Real Alloy has continued to work closely with its suppliers and
critical vendors throughout this restructuring process, and has
received strong support from customers and vendors alike.

Strategic Review of Existing Operations

As part of the Company's continued focus on rationalizing costs and
improving efficiency, Real Alloy announced that it will cease
operations at its Mt Pleasant, WI facility, which was acquired from
Beck Aluminum at the end of 2016.  Real Alloy expects to utilize
available production capacity in nearby Indiana and Michigan
facilities, and feels that shutting down the facility allows the
business to better utilize production capacity and reduce overall
capital needs.

Real Alloy does not expect significant customer disruption as a
result of the Mt. Pleasant closing and will handle customer needs
from its other facilities.

Real Alloy Sales Process

Real Alloy continues to receive a significant amount of interest in
its sales process and remains on track to receive multiple bids in
line with the court approved bid deadline of January 31, 2018. Real
Alloy does not expect any customer disruption as part of the sale.

Management Comments

Terry Hogan, President of Real Alloy, stated, "We have been very
pleased with the progress made since our filing in November, and
appreciate the support and patience of many of our customers,
suppliers, and vendors throughout our restructuring.  Given our
strong liquidity position, the support from our customers and
suppliers and the favorable spread prices, we believe we are well
positioned for strong performance in the future.  We look forward
to completing our sale process with the right capital partner in
the near future and continuing to grow our core operations in North
America and Europe."

Additional Information on the Chapter 11 Proceedings

Court filings and other information related to the court-supervised
proceedings are available at a website administered by the
Company's claims agent, Prime Clerk, at
https://cases.primeclerk.com/realindustry.  Additional information
on Real Alloy can be found at its Web site
http://www.realalloy.com/



                     About Real Industry Inc.

Real Industry, Inc. -- http://www.realindustryinc.com/-- is a
Delaware holding company that operates through its subsidiaries.
Its current business focus is supporting the performance of Real
Alloy, an aluminum recycling company and its single largest
operating business, and to make acquisitions of additional
operating companies. The company regularly considers acquisitions
of businesses that operate in undervalued industries, as well as
businesses that it believes are in transition or are otherwise
misunderstood by the marketplace. As a holding company, Real
Industry relies on the operations of its subsidiaries and external
financing sources for its liquidity needs.

Real Industry, Inc., and eight affiliated debtors each filed a
voluntary petition for relief under Chapter 11 of the United States
Bankruptcy Code (Bankr. D. Del. Lead Case No. 17-12464) on Nov. 17,
2017.  The cases are pending before the Honorable Kevin J. Carey.
The Debtors tapped Morrison & Foerster LLP as legal counsel; Saul
Ewing Arnstein & Lehr LLP as co-counsel; Berkeley Research Group,
LLC as financial advisor; Jefferies LLC as investment banker; and
Prime Clerk as administrative advisor.

The Ad Hoc Noteholder Group whose members include DDJ Capital
Management, LLC, Osterweis Capital Management, HPS Investment
Partners, LLC, Hotchkis & Wiley Capital Management, and Southpaw
Credit Opportunity Master Fund L.P., hired Latham & Watkins LLP and
Young Conway Stargatt & Taylor LLP to represent it in the Chapter
11 bankruptcy cases of Real Industry, Inc., and its affiliates.

Andrew S. Vara, Acting U.S. Trustee for Region 3, appointed five
creditors to serve on the Official Committee of Unsecured Creditors
in the Chapter 11 cases of Real Industry, Inc., and its
debtor-affiliates. The Committee hired Duane Morris LLP, as
Delaware counsel, Brown Rudnick LLP, as co-counsel, Goldin
Associates, LLC, as financial advisor, Stifel Nicolaus & Co., Inc.,
as investment banker.


RENTECH INC: Sale of All Assets of Rentech WP Subsidiaries Approved
-------------------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware authorized Rentech, Inc. and Rentech WP U.S.,
Inc. to sell (i) all or substantially all assets New England Wood
Pellet, LLC ("NEWP"), a wholly-owned non-debtor subsidiary of
Rentech WP, and the assets of NEWP's subsidiaries Schuyler Wood
Pellet, LLC and Deposit Wood Pellet, LLC to Lignetics of New
England, Inc. for $33 million; and (ii) all or substantially all of
the assets of Fulghum Fibres, Inc., a wholly-owned non-debtor
subsidiary of Rentech WP U.S. Inc., and the assets of Fulghum's
subsidiaries Fulghum Fibres Florida, Inc. and Fulghum Fibres
Collins, Inc. to FFI Acquisition, Inc. for $28 million.

The objection to the Motion filed by the Official Committee of
Unsecured Creditors related to the NEWP APA is resolved.

Notwithstanding Bankruptcy Rule 6004(h), the Order will be
effective and enforceable immediately upon its entry.

                       About Rentech, Inc.

Rentech, Inc., has 37 direct and indirect non-debtor subsidiaries
in addition to Rentech WP U.S. Inc., which is a wholly owned direct
subsidiary of Rentech.  Rentech is a wood fibre processing company
with three core businesses: (i) contract wood handling and chipping
services; (ii) the manufacture and sale of wood pellets for the
U.S. heating market; and (iii) the manufacture, aggregation, and
sale of wood pellets for the utility and industrial power
generation market.

Rentech is effectively comprised of the following segments: (1)
NEWP and its non-debtor subsidiaries; (2) Fulghum and its U.S.
non-debtor subsidiaries; (3) the South American non-debtor
subsidiaries of Fulghum; (4) Rentech, Inc.'s direct and indirect
Canadian non-debtor subsidiaries; and (5)Rentech, Inc., Rentech WP,
and all other direct and indirect U.S. non-debtor subsidiaries of
Rentech, Inc.

Rentech, Inc., and Rentech WP U.S. Inc. sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 17-12958) on Dec. 19,
2017.  The Chapter 11 cases are being jointly administered for
procedural purposes only pursuant to Bankruptcy Rule 1015(b).


SAEXPLORATION HOLDINGS: Extends Kuukpik Joint Venture to 2020
-------------------------------------------------------------
SAExploration Holdings, Inc., has entered into an agreement to
extend its joint venture with the Kuukpik Corporation to Dec. 31,
2020.  The Kuukpik Corporation is an Alaskan Native Corporation
that represents the Village of Nuiqsut and administers, on behalf
of its shareholders, the surface rights in the Colville River Delta
area of the North Slope of Alaska, including the Alpine oil field.
The joint venture was formed on Nov. 19, 2012 for the purpose of
performing contracts for the acquisition and development of
geophysical and seismic data and for geophysical and seismic
services and any and all related work anywhere on the North Slope
of Alaska.

Jeff Hastings, Chairman and CEO of SAE, commented, "We are very
pleased to have the opportunity to work with such a highly valued
partner for another three years.  A dedication to positive
interaction with the local community, social responsibility and a
focus on uncompromising environmental stewardship have been and
will continue to be the core principles of the partnership.  We
appreciate the confidence and support the Kuukpik Board and
shareholders have demonstrated in SAE by agreeing to extend our
joint venture."

The key terms and conditions of the amended agreement remain
unchanged to those of the original agreement.  SAE's and Kuukpik's
percentage ownership interests in the joint venture are 49% and
51%, respectively.  Additional details and information regarding
the agreement and its impact on SAE's accounting policies and
procedures will be disclosed in SAE's filings with the Securities
and Exchange Commission.

                 About SAExploration Holdings

Based in Houston, Texas, SAExploration Holdings, Inc. (NASDAQ:SAEX)
-- ttp://www.saexploration.com/ -- is an internationally-focused
oilfield services company offering a full range of
vertically-integrated seismic data acquisition and logistical
support services in Alaska, Canada, South America, and Southeast
Asia to its customers in the oil and natural gas industry.  In
addition to the acquisition of 2D, 3D, time-lapse 4D and
multi-component seismic data on land, in transition zones between
land and water, and offshore in depths reaching 3,000 meters, the
Company offers a full-suite of logistical support and in-field data
processing services.  The Company operates crews around the world
that are supported by over 29,500 owned land and marine channels of
seismic data acquisition equipment and other leased equipment as
needed to complete particular projects.

SAExploration reported a net loss attributable to the Company of
$25.03 million for the year ended Dec. 31, 2016, a net loss
attributable to the Company of $9.87 million for the year ended
Dec. 31, 2015, and a net loss attributable to the Company of $41.75
million for the year Dec. 31, 2014.  The Company's balance sheet at
Sept. 30, 2017, showed $158.62 million in total assets, $143.33
million in total liabilities and $15.28 million in total
stockholders' equity.

                          *     *     *

In June 2016, S&P Global Ratings lowered its corporate credit
rating on SAExploration Holdings to 'CC' from 'CCC-'.  At the same
time, S&P lowered the issue-level rating on the company's senior
secured notes to 'CC' from 'CCC-'.  The outlook remains negative.
The downgrade follows SAExploration's announcement that it plans to
launch an exchange offer to existing holders of its 10% senior
secured notes for shares of common equity and a new issue of
second-lien notes.  Following the rating action, S&P withdrew the
corporate credit and issue-level ratings at the company's request.

In September 2016, Moody's Investors Service withdrew
SAExploration's 'Caa2' Corporate Family Rating and other ratings.
Moody's withdrew the rating for its own business reasons, as
reported by the TCR on Sept. 13, 2016.


SAFE FLEET: S&P Assigns 'B' Corp. Credit Rating, Outlook Negative
-----------------------------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating on
Belton, Mo.-based Safe Fleet Holdings LLC. The outlook is
negative.

S&P said, "At the same time, we assigned our 'B' issue-level rating
and '3' recovery rating to the company's proposed first-lien credit
facilities, which comprise a $50 million revolver due 2023 and a
$410 million term loan due 2025. The '3' recovery rating indicates
our expectation for meaningful (50%-70%; rounded estimate: 55%)
recovery in a payment default scenario.

"Additionally, we assigned our 'CCC+' issue-level rating and '6'
recovery rating to the company's proposed $190 million second-lien
term loan. The '6' recovery rating indicates our expectation for
negligible (0%-10%; rounded estimate: 0%) recovery in a payment
default scenario.

"Our ratings and outlook on Safe Fleet reflect the company's very
high debt leverage following its acquisition by new financial
sponsor Oak Hill. Specifically, we estimate that Safe Fleet's
adjusted debt-to-EBITDA will increase to over 7.4x from 4.5x as of
Sept. 30, 2017. Our ratings and outlook also reflect the potential
that the company's credit measures may stagnate or deteriorate
further as management undertakes additional debt-funded
acquisitions. The company's weak credit measures are partially
offset by its favorable original equipment manufacturer
(OEM)/aftermarket sales mix, which should allow Safe Fleet to
benefit from continued maintenance spending on the U.S.' aging
vehicle fleets. Our ratings are supported by the company's record
of expanding both its top-line and EBITDA margins by improving its
strategic sourcing, expanding into the higher-margin video services
business, and undertaking mergers and acquisitions (M&A). We
believe that Safe Fleet could maintain its healthy profitability
over the next 12 months.

"The negative outlook on Safe Fleet reflects the one-in-three
chance that we will lower our ratings on the company over the next
year if it is unable to substantially reduce its debt leverage to
more appropriate levels for the current rating (specifically
adjusted debt-to-EBITDA of 6.5x). Under our base-case scenario, we
expect that the company will reduce its debt over the next year
while its liquidity remains adequate with minimal risk of a
financial covenant violation.

"We could lower our ratings on Safe Fleet over the next 12 months
if its adjusted debt-to-EBITDA remains above 6.5x on a sustained
basis. This could occur if, for instance, there is a significant
decline in the company's revenue because of an economic downturn,
an unforeseen drop in demand from its end markets, or if it
encounters difficulties that lead to delays in the fulfillment of
its customers' orders. This could also occur if substantial
debt-funded acquisitions or shareholder rewards cause Safe Fleet's
credit measures to remain stagnant or deteriorate despite its solid
operational performance.

"Although unlikely in the next year given our leverage forecast, we
could revise our outlook on Safe Fleet to stable if its adjusted
debt-to-EBITDA declines below 6.5x and remains at that level. This
could occur if the company exhibits stronger-than-expected revenue
growth and improved EBITDA margins, allowing it to generate a
higher-than-expected level of free cash flow to reduce its debt. In
addition, we would need the company's financial sponsor to commit
to begin repaying its debt. To raise our rating, we would expect
the company to demonstrate a commitment to sustain its leverage
below 5x even when incorporating acquisitions."


SAM WYLY: Has Thru 2018 to Make Advances Under Rosemary Ranch Order
-------------------------------------------------------------------
Judge Harlin DeWayne Hale of the U.S. Bankruptcy Court for the
Northern District of Texas authorized Samuel Evans Wyly to continue
to make advances under the terms set forth in the Rosemary Ranch
Order but in a reduced aggregate amount not to exceed $420,000 for
2018.

On March 17, 2015, the Debtor filed his Motion for an Order
Approving (a) Process for the Sale of Real Property and
Improvements Indirectly Owned in Part by the Debtor and (b) Related
Estate Funding Under 11 U.S.C. Section 105 and 363 which the Court
granted on May 22, 2015.  On March 25, 2016 the Rosemary Ranch
Order was amended to extend the Debtor's authority to continue to
make such advances under the terms set forth in the Rosemary Ranch
Order through the end of 2016, and again amended on Dec. 14, 2016
to extend through the end of 2017.

The Debtor desires to clarify that he has Court authorization to
continue to make such advances under the terms set forth in the
Rosemary Ranch Order.  The Rosemary Ranch Order is modified solely
as set forth in the Order.  

From bankruptcy estate funds, the Debtor in his capacity as DIP is
authorized to loan to the Ranch LLCs on the same terms as set forth
in the Amended Ranch Budget and the Rosemary Ranch Order but in a
reduced aggregate amount not to exceed $420,000 for 2018 to fund
the operations and maintenance of the Ranch through 2018.  

All other terms and conditions in the Rosemary Ranch Order remain
in effect except that Ranch Manager Mr. Jay Yeary will receive 1%
of the sale proceeds at the closing of a sale of the Ranch in lieu
of severance

                         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.

On Dec. 2, 2014, the Court appointed an official committee of
unsecured creditors in the Case.


SERTA SIMMONS: Bank Debt Due 2023 Trades at 6.62% Off
-----------------------------------------------------
Participations in a syndicated loan due 2023 under which Serta
Simmons Bedding LLC Industrial is a borrower traded in the
secondary market at 93.38 cents-on-the-dollar during the week ended
Friday, January 12, 2018, according to data compiled by
LSTA/Thomson Reuters MTM Pricing.  This represents an increase of
2.33 percentage points from the previous week.  Serta Simmons
Bedding LLC pays 350 basis points above LIBOR to borrow under the
$1.950 billion facility. The bank loan matures on Nov. 8, 2023 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 January 12.


SERTA SIMMONS: Bank Debt Due 2024 Trades at 13.83% Off
------------------------------------------------------
Participations in a syndicated loan due 2024 under which Serta
Simmons Bedding LLC is a borrower traded in the secondary market at
86.17 cents-on-the-dollar during the week ended Friday, January 12,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 1.37 percentage points
from the previous week.  Serta Simmons Bedding LLC pays 800 basis
points above LIBOR to borrow under the $450 million facility. The
bank loan matures on Nov. 8, 2024 and Moody's Caa1 rating and
Standard & Poor's CCC+ 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 January
12.


SHAW TRUCKING: Action Center Buying 2015 Vantage Trailer for $39K
-----------------------------------------------------------------
Shaw Trucking, Inc., asks the U.S. Bankruptcy Court for the Eastern
District of Texas to authorize the sale of 2015 Vantage Trailer,
VIN 4E7AA3925FATA5006, to Action Center for $39,000, subject to
higher and better bids.

Objections, if any, must be filed within 21 days from the date the
Motion was served.

The Debtor maintains a number of trucks and trailers.  The Debtor
currently does not need the Property to operate.  Simmons Bank has
a lien against the Property for approximately $27,654.

The Debtor has received an offer from the Buyer to purchase the
Property for $39,000.  It desires to sell the Property and clear of
all liens claims and encumbrances.  The sale will be subject to
higher and better bids.

The Debtor believes that the sale of the Property is in the best
interests of the bankruptcy estate as it will allow the Debtor to
realize immediate funds to file its Plan to repay all creditors on
a expedited basis.

                      About Shaw Trucking

Shaw Trucking, Inc., is a trucking company primarily for hauling
sand and
gravel.  Shaw Trucking sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Tex. Case No. 17-42849) on Dec. 28,
2017.  Billy Shaw, its president, signed the petition.  At the time
of the filing, the Debtor estimated assets of less than $50,000 and
liabilities of less than $1 million.


SHERIDAN INVESTMENT: Bank Debt Trades at 18.67% Off
---------------------------------------------------
Participations in a syndicated loan under which Sheridan Investment
Partners I LLC is a borrower traded in the secondary market at
81.33 cents-on-the-dollar during the week ended Friday, January 12,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 1.61 percentage points from
the previous week.  Sheridan Investment Partners I LLC pays 350
basis points above LIBOR to borrow under the $741 million facility.
The bank loan matures on Oct. 1, 2019 and Moody's Caa3 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 January 12.


SHIEKH SHOES: Sets Bidding Procedures for All Assets
----------------------------------------------------
Shiekh Shoes, LLC, asks the U.S. Bankruptcy Court for the Central
District of California to authorize the bidding procedures in
connection with the marketing and potential sale of all its assets
by auction.

A hearing on the Motion is set for Jan. 25, 2018 at 11:00 a.m.
Objections, if any, must be filed at least one day prior to the
hearing.

Various challenges relating to particular investments the Debtor
made in connection with its operations, declining store revenues
due to the rise of e-commerce, the generally weakening retail
environment (among other financial and operational issues), have
made it increasingly difficult for the Debtor to turn a profit in
recent years.  As a result, with a growing liquidity crisis, and a
need for reorganization, the Debtor filed the chapter 11 case.

The Debtor commenced the reorganization case in order to pursue
implementation of a restructuring of its operations, leases, and
debt.  As it continues its efforts to reorganize and promulgate a
plan of reorganization, the Debtor is asking authority to work with
the Committee to market investment opportunities in the Debtor.  To
preserve resources and maximize efficiency, and with the agreement
of the Committee, the Debtor intends to utilize the Committee's
financial advisor, Province, Inc., to serve as the primary contact
person for the Marketing Process.

The Debtor's primary assets include: (1) inventory; (2) fixtures,
furniture, and equipment; (3) trademarks and various intellectual
property; and (4) leasehold interests.

Among the means of achieving its restructuring goals is the
Debtor's pursuit of inventory clearance/store closing sales and the
rejection of various leases.  To this end, on Nov. 29, 2017, it
filed an emergency "first day" motion to authorize it to conduct
the Store Closing Sales at 31 of its stores through the holiday
season.  These are the stores the Debtor determined, at that time,
needed to be closed, following the inventory clearance sales,
subject to continuing operations at certain stores based on
agreements that have now been reached with landlords.

The Debtor also filed two separate motions relating to the
rejection of multiple leases.  First, on Nov. 29, 2017, the Debtor
filed a motion to reject two store leases, in San Diego,
California, and Portland, Oregon, respectively.  On Dec. 1, 2017,
the Court entered an order granting that motion.  Second, on Dec.
6, 2017, the Debtor filed a motion for an order authorizing the
Debtor to reject a number of leases identified in that motion
pursuant to a proposed notice procedure.

Following various objections raised by certain landlords and the
Committee, the Debtor reached an agreement with the Committee and
certain landlords regarding the rejection of certain of those
leases and a procedure for the rejection of other leases subject to
that motion.

On Dec. 27, 2017, the Debtor and the Committee entered into a
stipulation documenting their agreement.  The Court approved the
Lease Rejection Stipulation on Jan. 10, 2018, pursuant to which the
Debtor rejected 11 leases that it identified.  On Jan. 16, 2018,
pursuant to the procedures in the Lease Rejection Stipulation, the
Debtor filed and served notices of lease rejection with respect to
two additional leases.

Further, since commencement of the case, the Debtor has engaged in
discussions and negotiations with its landlords.  In this regard,
the Debtor retained DJM Realty Services, LLC, doing business as
Gordon Brothers Real Estate, to assist the Debtor with such
negotiations in the hope of restructuring and mitigating landlord
claims, as well as to develop exit strategies with respect to the
leases intended for rejection.  To date, the Debtor has reached
agreements for lease modifications or rent reductions with various
landlords.

The Debtor recently began working with its professionals and the
Committee and its professionals to develop the proposed Marketing
Process.  The Sale Parties intend to focus marketing efforts on a
targeted, limited group of approximately 30 strategic and financial
investors with the means and potential interest in investing in the
Debtor and/or acquiring the Debtor's assets.

Upon entry of an order approving the Bid Procedures, the Sale
Parties will provide targeted parties with a short "teaser"
providing information regarding the Debtor's business, assets, and
financials, as well as a copy of the bid procedures.  The Sale
Parties will then follow-up and respond to requests for information
by the targeted parties.

The the Debtor proposes to proceed on the following timeline:

     a. Feb. 8, 2018: The Deadline for the Debtor to serve notice
of proposed cure amounts, and the potential assumption and
assignment of leases and contracts, to counterparties.

     b. Feb. 18, 2018: Deadline for contract and lease
counterparties to object to the assumption and assignment of their
contract or  lease (on any grounds other than adequate assurance of
future performance) and the cure amount set forth by the Debtor in
the cure notice.

     c. Feb. 18, 2018: Deadline for parties to object to the Sale
of substantially all of the Debtor's Assets on the terms similar to
those set forth in the form APA appended to the Bidding Procedures

The Debtor proposes to sell the Assets free and clear of liens,
claims and encumbrances, and contemplates the sale may entail the
assumption and assignment of certain executory contracts and
unexpired leases in connection therewith.  It retains the right to
discontinue the marketing and sale process at any time.

The salient terms of the Bidding Procedures the Debtor developed
together with the Committee are:

     a. Bid Deadline: Feb. 20, 2018

     b. Good Faith Deposit: A cash deposit equal to 10% of the
gross consideration payable at closing

     c. Baseline Bids: Qualified Bidders that have submitted
Qualified Bids are eligible to participate in the Auction.  The
Sale Parties will select what they determine to be the highest
and/or otherwise best Qualified Bid or combination of Qualified
Bids for any portion of the Assets to serve as the starting point
at the Auction taking into account all relevant considerations,
including the financial condition of the applicable bidder and
certainty of closing.

     d. Auction: If more than one Qualified Bid is received by the
Bid Deadline, the Debtor will conduct the Auction.  The Auction
will take place at the offices of the Debtor's counsel, on Feb. 23,
2018 at 10:00 a.m. (PT) or such other time and place as the Debtor
may notify Qualified Bidders who have submitted Qualified Bids.

     e. Bid Increments: $100,000

     f. Sale Hearing: March 1, 2018

A copy of the Agreements, the Bidding Procedures and the Notices
attached to the Motion is available for free at:

     http://bankrupt.com/misc/Shiekh_Shoes_334_Sales.pdf

Additionally, the Debtor, as part of a Sale Transaction, may assume
and assign Assumed and Assigned Agreements.  By no later than Feb.
8, 2018, the Debtor will file a schedule of cure obligations for
its executory contracts and unexpired leases.  The Debtor proposes
that any objections to the assumption and assignment of any
executory contract or unexpired lease identified on the Cure
Schedule, must be filed by Feb. 18, 2018.

The Debtor proposes that the deadline for objecting to approval of
a Sale of substantially all of the Debtor's Assets on terms similar
to those set forth in the form APA will be 4:00 p.m. (PT) on Feb.
18, 2018.  In addition, within one day after entry of the Bidding
Procedures Order, the Debtor will serve the Auction and Hearing
Notice upon all Notice Parties.

The Debtor asks that, in the event that the Successful Bid is a
liquidation transaction, any order approving a liquidation
transaction includes a provision that specifically waives the
Debtor's or its future agent's obligation to comply with any state
or local laws restricting store closing, going out of business, or
similar sales.

Certain of the Debtor's leases governing the premises of the stores
subject to any Liquidation Transaction may contain provisions
purporting to restrict or prohibit it from conducting store
closing, liquidation, or similar sales.  Thus, to the extent that
such provisions or restrictions exist in any of the leases of the
stores subject to any Liquidation Transaction, it asks that the
Court authorizes the Debtor and/or the Successful Bidder to conduct
any liquidation sales without interference by any landlords or
other persons affected, directly or indirectly, by the liquidation
sales.

Certain states in which it operates also have laws and regulations
that require the Debtor to pay an employee substantially
contemporaneously with his or her termination.  To the extent that
a Liquidation Transaction results in a significant number of
employees being terminated, the Debtor respectfully submits that it
should be granted relief from the Fast Pay Laws.

Finally, the Debtor respectfully asks that the Court waives the
14-day stay requirements contained in Bankruptcy Rules 6004(h) and
6006(d).

                      About Shiekh Shoes

Based in Ontario, California, Shiekh Shoes, LLC --
http://www.shiekhshoes.com/-- is a shoe retailer company with 79
locations in California, five in Nevada, 11 in Arizona, 11 in
Texas, two in New Mexico, one in Oregon, six in Illinois, eight in
Michigan, and five in Washington.  Shiekh Shoes features brands
like Shiekh, Adidas, Puma, Timberland, Converse, among others.  It
offers dress, casual, athletic, infant, toddler, youth, basketball,
running, training, and skate shoes; slippers, sandals, wedges,
pumps, boots, high heels, and sneakers; and apparel.  The company
was founded in 1991.

Shiekh Shoes sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case No. 17-24626) on Nov. 29, 2017.  Shiekh
E. Ellahi, its chief executive officer, signed the petition.

At the time of the filing, the Debtor estimated assets and
liabilities of $50 million to $100 million.

Judge Vincent P. Zurzolo presides over the case.

The Debtor tapped SulmeyerKupetz, APC as its legal counsel; DJM
Realty Services, LLC as real estate lease consultant; and KGI
Advisors, Inc. as its financial advisor.

On Dec. 11, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee is
represented by Cooley LLP.


SKILLSOFT CORP: Bank Debt Trades at 11.50% Off
----------------------------------------------
Participations in a syndicated loan under which Skillsoft Corp is a
borrower traded in the secondary market at 88.50
cents-on-the-dollar during the week ended Friday, January 12, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.62 percentage points from the
previous week. Skillsoft Corp pays 825 basis points above LIBOR to
borrow under the $185 million facility. The bank loan matures on
April 28, 2022 and Moody's Caa3 rating and Standard & Poor's CCC
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 January 12.


SLATER STEELS: Joslyn Liable for 75% of All Future Cleanup Costs
----------------------------------------------------------------
The case captioned VALBRUNA SLATER STEEL CORPORATION and FORT WAYNE
STEEL CORPORATION, Plaintiffs, v. JOSLYN MANUFACTURING COMPANY,
JOSLYN CORPORATION and JOSLYN MANUFACTURING COMPANY, LLC,
Defendants, Case No. 1:10-CV-044 JD (N.D. Ind.) arises under the
Comprehensive Environmental Response, Compensation and Liability
Act ("CERCLA"). In response to a cost recovery claim filed by
Valbruna Slater Steel Corporation and Fort Wayne Steel Corporation,
Joslyn Manufacturing Company, Joslyn Corporation, and Joslyn
Manufacturing Company, LLC, filed a contribution counterclaim under
sectoin 113(f). The Court heard that counterclaim in Phase II of a
bench trial on June 12, 2017.

This environmental litigation has endured for more than seven
years. To summarize, Valbruna owns a contaminated steel processing
site, which it has spent a considerable sum to remediate. To
recover its cleanup expenses under section 107(a), it sued Joslyn,
which used to own the site for fifty plus years. The Court
adjudicated that claim at Phase I of trial, finding Joslyn strictly
liable to Valbruna for $2,029,871.09 in costs. The Court further
disallowed $181,380.83 in costs, determining that they were not
necessary and/or were not consistent with the National Contingency
Plan.

The resolution of that claim does not, however, end this matter. A
defendant in a section 107(a) suit can "blunt any inequitable
distribution of costs by filing a section 113(f) counterclaim,"
which requires "the equitable apportionment of costs among the
liable parties, including the PRP that filed the section 107(a)
action." Joslyn took such a course here, thereby requiring it to
bear the burden of proof in demonstrating an entitlement to
contribution. Since the parties agree that the prima facie case has
been satisfied as to liability under section 107 [DE 161], it
remains only for the Court to equitably allocate costs under
section 113(f). To that end, the Court held Phase II of trial on
contribution issues on June 12, 2017. Based upon its consideration
of the testimony at trial and the other evidence submitted by the
parties, the Court now enters the following conclusions of law and
findings of fact.

These are some of the facts stipulated by the parties:

   1. From 1928 to 1981, Joslyn owned property located at what is
presently identified as 2302 and 2400 Taylor Street f/k/a 1701
McKinley Avenue in Fort Wayne, Indiana (collectively, Site) and
operated a steel manufacturing facility on the Site (Steel
Facility) for all of those years.

   2. On February 2, 1981, Joslyn sold the Site and Steel Facility
to Slater Steel Corporation.

   3. In June 2003, Slater filed a Chapter 11 bankruptcy petition
in the U.S. Bankruptcy Court for the District of Delaware.

   4. The soil and groundwater at and around the Site are
contaminated with numerous hazardous substances, including
chlorinated organic chemicals (e.g., TCE), semi-volatile organic
chemicals, heavy metals, PCBs and radioactive elements related to
historical operations at the Site.

   5. Valbruna acquired the Site in April 2004 following an auction
conducted as part of the Slater Bankruptcy.

   6. FWSC acquired that portion of the Site presently identified
as 2302 Taylor Street (2302 Property), and VSSC acquired that
portion of the Site presently identified as 2400 Taylor Street.

   7. In April 2004, Valbruna and the Indiana Department of
Environmental Management (IDEM) entered into a Prospective
Purchasers Agreement (PPA), which required Valbruna to spend
approximately $1 million on Site investigation and remediation work
in response to pre-existing contamination at and from the Site.
Valbruna contributed $500,000 of the $1 million.

Based upon its consideration of the testimony at trial and the
other evidence submitted by the parties, the Court determines that
from the $2,029,871.09 in costs recoverable under section 107(a),
the Court deducts the $500,000 associated with Valbruna's escrow
contribution (even if the funds were handled differently than the
purchase price for accounting purposes). While that sum advanced
remediation, it was a known expense and functionally part of the
purchase price of the Site. Permitting Valbruna to recover it from
Joslyn would essentially amount to a double recovery. That leaves a
total of $1,529,871.09. The Court allocates this 75% to Joslyn and
25% to Valbruna.

While this determination reflects careful consideration of all of
the factors analyzed, the Court particularly emphasizes Joslyn's
status as the sole polluting party to this action and its blatant
avoidance of liability and refusal to assist with some cleanup
despite knowing it was responsible for contaminating the Site for
an extensive period. It also notes the discounted price Valbruna
paid for the property and Valbruna's voluntary assumption of some
risk in association with the transaction, while recognizing the
purpose of CERCLA in spurring environmental cleanup of contaminated
sites.

Given the Court's previous entry of a declaratory judgment in favor
of Valbruna under CERCLA, this allocation will apply prospectively,
as well as to the past costs discussed herein. Joslyn will thus be
liable to Valbruna under section 113(g)(2) for 75% of all future
costs incurred to clean up the Site that are necessary and
consistent with the National Contingency Plan. However, the Court
notes that upon a timely petition of either party it may revisit
this allocation should unforeseen circumstances render adherence to
it inequitable. Since the parties have not distinguished the roles
of the various Joslyn entities, this award will apply jointly and
severally to Joslyn Manufacturing Company, Joslyn Corporation, and
Joslyn Manufacturing Company, LLC.

A full-text copy of Judge Deguilio's Opinion and Order dated Jan.
16, 2018 is available at https://is.gd/ywQfLF from Leagle.com.

Valbruna Slater Steel Corporation & Fort Wayne Steel Corporation,
Plaintiffs, represented by David L. Hatchett, Hatchett & Hauck LLP
& Michael J. Reeder, Hatchett & Hauck LLP.

Joslyn Manufacturing Company, formerly known as Joslyn Corporation
formerly known as Joslyn Manufacturing & Supply Company, Joslyn
Corporation, formerly known as Joslyn Holding Company & Joslyn
Manufacturing Company LLC, Defendants, represented by W. Randall
Kammeyer -- wrkammeyer@hawkhaynie.com -- Hawk Haynie Kammeyer &
Smtih LLP & Stephen D. Davis , Steve Davis Law PC, pro hac vice.

Joslyn Manufacturing Company, Joslyn Corporation & Joslyn
Manufacturing Company LLC, Counter Claimants, represented by W.
Randall Kammeyer, Hawk Haynie Kammeyer & Smtih LLP & Stephen D.
Davis, Steve Davis Law PC, pro hac vice.

Fort Wayne Steel Corporation & Valbruna Slater Steel Corporation,
Counter Defendants, represented by David L. Hatchett, Hatchett &
Hauck LLP & Michael J. Reeder, Hatchett & Hauck LLP.


SYNCREON GROUP: Bank Debt Trades at 12.44% Off
----------------------------------------------
Participations in a syndicated loan under which Syncreon Group BV
is a borrower traded in the secondary market at 87.56
cents-on-the-dollar during the week ended Friday, January 12, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.55 percentage points from the
previous week. Syncreon Group BV pays 425 basis points above LIBOR
to borrow under the $525 million facility. The bank loan matures on
Oct. 28, 2020 and Moody's Caa2 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 January 12.


TARA RETAIL: Court Approves Stipulation with Dollar Tree
--------------------------------------------------------
Judge Patrick M. Flatley of the U.S. Bankruptcy Court for the
Northern District of West Virginia issues a memorandum opinion
restating its justification for approving Tara Retail Group, LLC's
resolution of its objection to Dollar Tree Stores, Inc.'s proof of
claim.

On Jan. 3, 2018, the court entered an order approving the
resolution of a disputed claim filed in this case by Dollar Tree.
The court delivered its findings and legal conclusions in that
regard during a telephonic status conference on Dec. 19, 2017. On
Jan. 17, 2018, COMM 2013 CCRE12 Crossings Mall Road, LLC filed a
notice of appeal of the court's order.

Comm 2013 asserts two principal reasons why the court should not
approve the Debtor's proposed resolution of its objection to the
proof of claim filed by Dollar Tree: first, because Dollar Tree can
vote only the amount of its allowed claim, which Comm 2013 asserts
is $26,969.28 under the propose resolution; and second, because the
proposed resolution constitutes a solicitation in violation section
1125(b) of the Bankruptcy Code.

Having considered the parties' respective arguments on the issue,
the court finds it appropriate to overrule Comm 2013's objection
and approve the Debtor's stipulation with Dollar Tree. In that
regard, Dollar Tree filed its proof of claim for $276,969.28.
Absent the Debtor's objection, or an objection from another
interested party, Dollar Tree's proof of claim in that amount would
have stood as filed, and Dollar Tree would have been entitled to
vote that amount in the plan process. The Debtor objected, however,
and it and Dollar Tree spent significant effort--spanning several
months--to resolve its objection rather than spending time and
estate resources litigating. Ultimately, the two parties came to a
resolution that the court has already found to be the product of
the Debtor’s sound business judgment. As a result, Dollar Tree
agreed to accept payment of only $26,969.28 on its claim despite
the claim being allowed for $276,969.28.

Comm 2013 is not similarly situated to Dollar Tree or the other
tenant-creditors. Instead, its claim is secured, at least in part,
by the value of the Debtor's real property and anticipated stream
of rents. In that regard, the court notes that although it has not
yet determined the value of the collateral securing Comm 2013's
claim, it could be that Comm 2013 is fully secured or even
oversecured. In that context, that courts finds it unlikely that
Comm 2013 could establish sufficient standing to object to the
Debtor's resolution of unsecured proofs of claim. In any event, the
court sees no prejudice to Comm 2013 or any other creditor in the
case.

The court, therefore, sees no basis to disapprove the stipulation
between the Debtor and Dollar Tree.

A full-text copy of Judge Flatley's Memorandum Opinion dated Jan.
18, 2018 is available at:

     http://bankrupt.com/misc/wvnb1-17-00057-553.pdf

                       About Tara Retail

Tara Retail Group, LLC, owns The Crossings Mall in Elkview, West
Virginia, which had tenants that included Kmart and Kroger.  The
Company is headed by businessman Bill Abruzzino.  The Crossings
Mall has been closed and inaccessible to the public since massive
floods swept through West Virginia on June 23, 2016.

On Dec. 23, 2016, U.S. District Judge Thomas Johnston appointed
Martin Perry, a managing director at Newmark Grubb Knight Frank's
Pittsburgh office, as receiver.

To stop a foreclosure sale of its shopping center, Tara Retail
Group, LLC, filed a Chapter 11 petition (Bankr. N.D. W.Va. Case No.
17-00057) on Jan. 24, 2017.  The petition was signed by William A.
Abruzzino, managing member.  The case judge is the Hon. Patrick M.
Flatley.  The Debtor estimated assets and debt of $10 million to
$50 million.

The Debtor tapped Steven L. Thomas, Esq., at Kay, Casto & Chaney
PLLC as bankruptcy counsel.


TIMOTHY BRENNAN: Selling Real & Personal Property
-------------------------------------------------
Timothy P. Brennan asks the U.S. Bankruptcy Court for the Western
District of Wisconsin to authorize the sale of (i) the real
property located at 1115 Industrial Drive in West Salem, Wisconsin
to Gundersen Lutheran Administrative Services, Inc. for $3.2
million, subject to higher and better offers; and (ii) four
overhead cranes (including crane rails), 17 jib cranes with hoists,
two rotary screw compressors, and some miscellaneous other
equipment by auction.

The Debtor's estate consists primarily of the following assets: (i)
the West Salem Property; (ii) the Equipment; (iii) a promissory
note issued by La Crosse Technology Consultants, Inc., in the
amount of $810,750, payable with interest in 96 equal monthly
install ments of $11,671 each beginning in October, 2018; and (iv)
his homestead property located at 455 Country Club Lane in
Onalaska, Wisconsin.

The West Salem Property and the Equipment are encumbered by and
subject to the following lien claims: (i) approximately $200,000
for real estate taxes (including penalties and interest) due for
the years 2015, 2016 and 2017; (ii) an estimated $2.9 to $3 million
owed to Associated Bank under a firstpriority mortgage and security
interest; and (iii) two junior mortgages held by La Crosse County
Economic Development Fund and Mississippi River Regional Planning
Commission in the combined aggregate amount of approximately
$240,000.

The Debtor has received an offer from Gundersen to purchase the
West Salem Property for $3.2 million, with $50,000 as earnest
money.  The Purchase Offer includes contingencies for standard due
diligence and approval by Gundersen's finance committee.  Closing
is also conditioned on the Court entering an order approving the
sale.

Assuming the sale to Gundersen is approved by the Court within
about 28 days of the Motion, the parties anticipate a closing no
later than March 31, 2018.  Pursuant to the Purchase Offer, the
Debtor may continue to market the West Salem Property until
Gundersen waives all contingencies.  However, any other offer that
the Debtor receives to purchase the West Salem Property will be
considered a secondary offer, and the offering party will be
required to match or exceed all relevant terms of the Purchase
Offer, including with respect to the time of closing.

The price in the Purchase Offer exceeds the value of the West Salem
Property that has been accepted by the Court for purposes of
determining adequate protection to Associated Bank.  After payment
of a 4% broker's commission, the net proceeds available for
satisfaction of secured claims will be about $3,062,000.

In addition, the Debtor proposes to sell the Equipment via an
auction conducted by Branford Auctions, LLC.  Contemporaneously
with the filing of the Motion, the Debtor has filed an application
to employ Branford.  The Debtor expects at least $200,000 of net
proceeds from the Equipment auction will be available for
application to secured claims.  Thus, he anticipates that the
combined proceeds from selling the West Salem Property to Gundersen
and the Equipment auction will be sufficient to fully pay the
accrued real estate taxes and the secured claim of Associated Bank,
and to provide a partial payment to the holders of junior
mortgages.

Prior to the hearing on the Motion, the Debtor will file a plan of
reorganization that provides for the ultimate distribution of the
Sale Proceeds.  Until confirmation of the Plan, or an earlier order
of the Court, the Sale Proceeds will be held by the Debtor in his
DIP account, with all liens attaching thereto.

The Debtor asks the Court for an order authorizing him to sell the
West Salem Property and the Equipment on the terms described free
and clear of liens, claims and encumbrances.

A copy of the Agreements attached to the Motion is available for
free:

    http://bankrupt.com/misc/Timothy_Brennan_93_Sales.pdf

The Auctioneer:

          BRANFORD AUCTIONS, LLC
          896 Main Street
          Branford, CT 06405

Timothy P. Brennan sought Chapter 11 protection (Bankr. W.D. Wis.
Case No. 17-12337) on June 30, 2017.  The Debtor tapped Mark L.
Metz, Esq., at Leverson Lucey & Metz S.C., as counsel.

Counsel for the Debtor can be reached at:

          Mark L. Metz, Esq.
          LEVERSON LUCEY & METZ S.C.
          3030 W. Highland Blvd.
          Milwaukee, WI 53208
          Telephone: (414) 271-8502
          E-mail: mlm@levmetz.com




VALDERRAMA A/C: Feb. 21 Plan Confirmation Hearing Set
-----------------------------------------------------
Judge Karen K. Brown of the U.S. Bankruptcy Court for the Southern
District of Texas conditionally approved Valderrama A/C
Refrigeration, Inc.'s disclosure statement dated Sept. 18, 2017.

Feb. 16, 2018, is the deadline for filing written acceptances or
rejections of the plan and the deadline for filing and serving
written objections to confirmation of the plan.

Feb. 21, 2018, at 11:30 a.m. is the date and time for a hearing on
the confirmation of the plan which will be held in Courtroom 403 of
the United States Courthouse, 515 Rusk, 4th Floor, Houston, Texas
77002.

The Troubled Company Reporter previously reported that Class 6
unsecured creditors will receive a minimum of 25% of their allowed
claims over a period of five years starting from the Effective
Date.

The Plan provides for the payment of its creditors primarily
through its future earnings.

A copy of the Disclosure Statement is available at:

            http://bankrupt.com/misc/txsb17-32091-71.pdf

                About Valderrama A/C Refrigeration

Valderrama A/C Refrigeration, Inc., designs and installs commercial
refrigeration systems serving clients throughout the Greater
Houston area for more than 28 years.

Valderrama A/C Refrigeration sought Chapter 11 protection (Bankr.
S.D. Tex. Case No. 17-32091) on April 4, 2017, estimating assets
and liabilities of $1 million to $10 million.  The petition was
signed by Dario Ciriaco, director. Judge Karen K. Brown is assigned
to the case.

The Debtor tapped William P Haddock, Esq., at Pendergraft & Simon
as lead bankruptcy counsel; Anne K. Ritchie, Esq., as special
counsel; and Jayson & Frisby as accountant.

No trustee has been appointed, nor is there currently pending any
motion for the appointment of a trustee.


WINDSTREAM CORP: Bank Debt Trades at 10.17% Off
-----------------------------------------------
Participations in a syndicated loan under which Windstream Corp is
a borrower traded in the secondary market at 89.83
cents-on-the-dollar during the week ended Friday, January 12, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.94 percentage points from the
previous week. Windstream Corp pays 325 basis points above LIBOR to
borrow under the $580 million facility. The bank loan matures on
Feb. 17, 2024 and Moody's B2 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 January 12.




YIELD10 BIOSCIENCE: Amends Prospectus on 586,592 Units Offering
---------------------------------------------------------------
Yield10 Bioscience, Inc., filed with the Securities and Exchange
Commission an amended Form S-1 registration statement relating to
the offering of 586,592 Class A Units consisting of one share of
common stock, one Series A Common Warrant and one Series B Common
Warrant and 8,400 Class B Units consisting of one share of Series A
Preferred Stock, one Series A Common Warrant and one Series B
Common Warrant (and 6,759,888 shares of common stock underlying
shares of Series A Preferred Stock, Series A Warrants and Series B
Warrants).

The Company is offering Class A Units, with each Class A Unit
consisting of one share of common stock, par value $0.01 per share
and accompanying Series A common warrants and Series B common
warrants at an assumed public offering price of $3.58 per Class A
Unit, the last reported sale price of its common stock on The
Nasdaq Capital Market on Dec. 14, 2017.  Each Series A common
warrant included in the Class A Units entitles its holder to
purchase a number of shares equal to 100% of the common stock
underlying each share of common stock. E ach Series B common
warrant included in the Class A Units entitles its holder to
purchase a number of shares equal to 50% of the common stock
underlying each share of common stock.  The Series A common
warrants included in the Class A Units will be exercisable for an
aggregate total of 586,592 shares of common stock and the Series B
common warrants included in the Class B Units will be exercisable
for an aggregate total of 293,296 shares of common stock.

Yield10 is also offering to those purchasers whose purchase of its
Class A Units in this offering would result in the purchaser,
together with its affiliates and certain related parties,
beneficially owning more than 4.99% (or, at the election of the
purchaser, 9.99%) of its outstanding common stock following the
consummation of this offering, the opportunity to purchase, if they
so choose, in lieu of the number of Class A Units that would result
in ownership in excess of 4.99% (or, at the election of the
purchaser, 9.99%), Class B Units.  Each Class B Unit will consist
of one share of our Series A Preferred Stock, par value $0.01 per
share convertible into 280 shares of common stock, Series A common
warrants to purchase 280 shares of common stock and Series B common
warrants to purchase 140 shares of common stock at a public
offering price of $1,000 per Class B Unit.  Each Series A common
warrant included in the Class B Units entitles its holder to
purchase a number of shares equal to 100% of the common stock
underlying each share of Series A Preferred Stock.  Each Series B
common warrant included in the Class B Units entitles its holder to
purchase a number of shares equal to 50% of the common stock
underlying each share of Series A Preferred Stock.  Based on the
last reported sale price of its common stock of $3.58 per share,
the Series A Preferred Stock included in the Class B Units will be
convertible into an aggregate total of 2,352,000 shares of common
stock, the Series A common warrants included in the Class B Units
will be exercisable for an aggregate total of 2,352,000 shares of
common stock and the Series B common warrants included in the Class
B Units will be exercisable for an aggregate total of 1,176,000
shares of Common Stock.

Because the Company will issue one Series A common warrant and one
Series B common warrant for each Class A Unit and/or Class B Unit
sold in this offering, the number of common warrants sold in this
offering will not change as a result of a change in the mix of
Class A Units or Class B Units sold.  As a result, the Series A
common warrants included in the Units will be exercisable for an
aggregate total of 2,938,592 shares of common stock and the Series
B common warrants included in the Units will be exercisable for an
aggregate total of 1,469,296 shares of common stock.

A full-text copy of the Form S-1/A is available for free at:

                    https://is.gd/wSgNGG

                  About Yield10 Bioscience

Yield10 Bioscience, Inc. -- http://www.yield10bio.com/-- develops
new technologies to achieve step-change improvements in crop yield
to enhance global food security.  Yield10 has an extensive track
record of innovation based around optimizing the flow of carbon in
living systems.  Yield10 leverages its technology platforms and
unique knowledge base to design precise alterations to gene
activity and the flow of carbon in plants to produce higher yields
with lower inputs of land, water or fertilizer.  Yield10 is
advancing several yield traits it has developed in crops such as
Camelina, canola, soybean and rice.  Yield10 is headquartered in
Woburn, MA and has an Oilseeds center of excellence in Saskatoon,
Canada.

Yield10 reported a net loss of $7.60 million on $1.15 million of
total revenue for the year ended Dec. 31, 2016, compared to a net
loss of $23.68 million on $1.35 million of total revenue for the
year ended Dec. 31, 2015.  As of Sept. 30, 2017, Yield10 had $5.57
million in total assets, $3.02 million in total liabilities and
$2.54 million in total stockholders' equity.

RSM US LLP, in Boston, Massachusetts, issued a "going concern"
opinion on the consolidated financial statements for the year ended
Dec. 31, 2016, noting that the Company has suffered recurring
losses from operations and has insufficient capital resources,
which raises substantial doubt about its ability to continue as a
going concern.


YUCCA LAND: Avery and Kingman Claims Added in Latest Plan
---------------------------------------------------------
Yucca Land Company, LLC, filed with the U.S. Bankruptcy Court for
the District of Nevada a disclosure statement in connection with
its first amended plan of reorganization dated Jan. 12, 2018.

The Debtor's liabilities are now comprised of the following: a debt
to Sun Pacific Marketing Cooperative, Inc., in the amount of
$8,276,546.02 as of July 5, 2017, secured by a lien on the
Properties; a debt to Ron Krater Studio in the amount of
approximately $24,700, for land design and planning services
rendered, secured by a lien on the Properties; a debt to the Mohave
County Taxing Authority, for unpaid real property taxes in the
amount of approximately $133,089.58, secured by a lien on the
Properties; an unsecured debt in the amount of approximately
$257,667 to National EWP, Inc., pursuant to that certain
"Settlement and Release Agreement," dated Oct. 5, 2016; and an
unsecured debt in the amount of approximately $550 to Gillette Law
PLLC, for legal services rendered; an unsecured debt in the amount
of approximately $9,711,503 to Avery Land Group, LLC; and a
unsecured debt in an unknown amount to Kingman Farm Ventures III,
LLC, for an easement asserted in the quiet title action filed as
Case No. S8015CV201700857 in the Superior Court of Arizona, Mohave
County.

The holder of the allowed Avery Claim in Class 6 will in full
satisfaction, settlement, release and exchange for such Allowed
Avery Claim, plus post- Effective Date interest at the rate prime
plus two 2% per annum, receive the EB Land within 15 business days
after the later of: the Effective Date; or the date that the EB
Land Value Order becomes a Final Order.

The Holder of the Allowed Kingman Claim in Class 7 will, in full
satisfaction, settlement, release and exchange for such Allowed
Kingman Claim, receive the Kingman Easement within 15 business days
after the Effective Date.

The Properties, which comprise all of the Debtor's real property,
will be sold to Sun Pacific in accordance with the terms of the
Settlement Agreement and the Credit Bid Purchase Agreement. The
sale will be free and clear of all liens, claims, equity interests,
and other encumbrances, except the Permitted Encumbrances.

A full-text copy of the Disclosure Statement is available at:

      http://bankrupt.com/misc/nvb17-16042-79.pdf

A full-text copy of the First Amended Plan is available at:

             http://bankrupt.com/misc/nvb17-16042-77

                     About Yucca Land Company

Yucca Land Company, LLC, owns multiple parcels of vacant land
located in Mohave, Arizona.  The company is affiliated with debtors
Avery Land Group, LLC (Bankr. D. Nev. Case No. 16-14995) and Mohave
Agrarian Group, LLC (Bankr. D. Nev. Case No. 16-10025).

Yucca Land Company filed a Chapter 11 bankruptcy petition (Bankr.
D. Nev. Case No. 17-16042) on Nov. 9, 2017.  James M. Rhodes,
manager, signed the petition.  At the time of filing, the Debtor
estimated $10 million to $50 million in and $1 million to $10
million in liabilities.  The Hon. Laurel E. Davis is the case
judge.  The Debtor is represented by Brett A. Axelrod, Esq. at Fox
Rothschild LLP.  


[*] Bradley Giordano Joins King & Spalding's Chicago Office
-----------------------------------------------------------
King & Spalding on Jan. 16, 2018, disclosed that Bradley T.
Giordano has joined as a partner in the Chicago office.  Mr.
Giordano will bolster the firm's Financial Restructuring practice
and will serve a key role in expanding the firm's recently opened
Chicago office.

Mr. Giordano represents debtors, creditors, equity sponsors and
strategic investors in all aspects of in-court and out-of-court
restructurings.  In addition to company-side representations, he
advises credit and private equity fund clients on strategic
acquisitions or dispositions of distressed assets.  He joins from
Kirkland & Ellis, where he was a partner.

"Brad is known to be a savvy problem solver in the restructuring
world, plus he has a Rolodex of relationships that make him a
natural addition to the firm's Financial Restructuring practice,"
said Michael Rupe, head of the practice.  "In addition, Brad's work
with clients in the healthcare and energy sectors will expand King
& Spalding's ability to advise strategic lenders and distressed
borrowers in those pivotal sectors, and pairs nicely with our
existing industry-leading Energy and Healthcare/Life Sciences
practice groups.  We are excited to have Brad join the team."

Mr. Giordano joins his former partner Jeffrey D. Pawlitz who is
based in New York and joined King & Spalding in June 2016 from
Kirkland & Ellis in Chicago.  Mr. Giordano received his
undergraduate degree from DePauw University and his J.D. from the
University of Virginia School of Law.

"The Chicago market has a deep pool of financial institutions and
funds, and Brad's skillset and experience enhance King & Spalding's
services to those clients and others in the region,"  said Zachary
Fardon, office managing partner and head of litigation for the
firm's Chicago office.  "Brad's arrival reflects our ability
recruit talent at all levels, across practice areas, and his
character and reputation are in sync with our culture.  We are
thrilled by how quickly we have been able to create breadth and
depth in the Chicago office."

"The entrepreneurial energy of the firm's Chicago office and
momentum of the Financial Restructuring practice made joining King
& Spalding a compelling choice," Mr. Giordano said.  "I am looking
forward to working with a talented motivated group of colleagues
and to growing both the practice and the Chicago office."

Mr. Giordano is the fifth partner to join King & Spalding's Chicago
office since it launched in September 2017.  He follows the
addition of Zachary Fardon, Patrick Collins, Jade Lambert and
Patrick Otlewski, former Assistant U.S. Attorney for the Northern
District of Illinois, who joined earlier this month.

                      About King & Spalding

Celebrating more than 130 years of service, King & Spalding --
http://www.kslaw.com/-- is an international law firm that
represents a broad array of clients, including half of the Fortune
Global 100, with 1,000 lawyers in 20 offices in the United States,
Europe, the Middle East and Asia.  The firm has handled matters in
over 160 countries on six continents.


[*] David Tepper Joins Tiger Group as Business Development Officer
------------------------------------------------------------------
David L. Tepper, a 25-year veteran of the valuation, banking and
financial management industries, has joined Tiger Group as Business
Development Officer for the Western U.S.

From his base in the asset valuation, advisory and disposition
services firm's Los Angeles office, Mr. Tepper will initially work
alongside longtime Director of Business Development Rick Briggs,
who will be retiring this year.

"David joins us with a keen understanding of the unique needs of
asset-based lenders," said Tiger Group COO Michael McGrail.  "Over
the course of his career, he's worked closely with lenders and
private equity firms on identifying and understanding the risks of
lending to and investing in companies across more than 100
industries.  Those attributes and the robust industry connections
that go with them made David an ideal candidate to take the reins
for our Western region when Rick Briggs retires."

Most recently, Mr. Tepper served as Business Development Director
for CBIZ Valuation Group in Los Angeles, a business unit of
national CPA firm Mayer Hoffman McCann, P.C. In that post, he was
responsible for working with corporations, private equity, hedge
funds, attorneys, corporate finance, and turnaround professionals
on complex valuation and asset management issues.

Prior to that, Mr. Tepper spent five years as Western Regional
Manager at Accuval Associates/Liquitec, where he was responsible
for managing the firm's West Coast office and working with
corporations, private equity, hedge funds, attorneys, corporate
finance, and turnaround professionals.

From 1998 to 2007, he was a Vice President at Arthur Consulting
Group, Inc. (formerly Arthur D. Little Consulting Group) in Los
Angeles, responsible for the M&A and Joint Venture consulting
firm's client acquisition, marketing activities, and relationship
and engagement management.

He began his career in 1985 at Bloomingdales in Executive
Development before moving to garment manufacturing.  He was
subsequently named Comptroller at Stringfellow Ltd., an
international restaurant/night club chain, and went on to hold
positions as a Registered Representative/Stock Broker for Kennedy
Cabot and Company and as a Financial Consultant Associate for Wells
Fargo Bank/Wells Fargo Securities before moving into the valuation
field in the late 1990s.

A resident of Calabasas, Calif., Tepper holds a Master of Business
Administration from Pepperdine University and undergraduate degrees
in finance and accounting from Pace University.  He is a member of
the Association for Corporate Growth (ACG), American Bankruptcy
Institute (ABI), Turnaround Management Association (TMA), Special
Asset Management Association (SAMA), and the Tax Executives
Institute (TEI).


[*] Moody's B3 Neg. and Lower Corp. Ratings Drop 19% in 2017
------------------------------------------------------------
The number of companies on its B3 Negative and Lower Corporate
Ratings List finished 2017 with 211 companies, Moody's Investors
Service says in a new report. Reasons behind the list's shrinking
during Q4 2017 were almost evenly split among defaults, upgrades
and withdrawals.

The lowest figure since September 2015, Moody's list is down 19%
year-over-year, and more than 27% below its peak of 291 companies,
reached during early 2016. Since reaching its peak, the tally of
companies on the list has steadily declined, mainly staying below
its three-month rolling average.

"Notably, among Caa-rated companies, which make up the core of the
list, more than one-third lingered -- able to avoid defaults, but
also incapable of strengthening their credit quality enough to
merit an upgrade," said Moody's Associate Analyst Julia Chursin.
"It is just such debt issuers that Moody's anticipate are most
likely to resort to debt restructuring and migrate further down
ratings scale in case of a downturn in a credit cycle."

Contrary to 2016's year-end recap, where oil and gas companies
comprised the lion's share of the list, at 26%, its 2017 year-end
representation no longer dwarfs other sectors, Chursin says in
"Moody's B3 Negative and Lower Corporate Ratings List: List ends
2017 with another low tally, suggests contained 2018 default rate."
Oil and gas firms accounted for 19% of the list, compared with
sectors such as consumer/business services and retail/apparel at
17% and 12%, respectively.

Alongside declining numerical tallies of companies on Moody's list,
additional proprietary credit cycle gauges are sending positive
signals, and for now, are suggesting a moderating default risk in
2018.

For its part, the Liquidity-Stress Indicator recorded a fresh low
of 2.5% in December, with spec-grade liquidity supported by modest
US economic growth and buoyant credit markets, despite a slight
weakening expected over the year. Moreover, the US spec-grade
default rate finished 2017 at 3.3% and is expected to extend its
decline further to 2.4% at the end of this year, underpinned by the
a combination of a strong credit market, growing economy and
ongoing recovery in the energy sector.


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                              Total
                                             Share-      Total
                                   Total   Holders'    Working
                                  Assets     Equity    Capital
  Company         Ticker            ($MM)      ($MM)      ($MM)
  -------         ------          ------   --------    -------
ABSOLUTE SOFTWRE  ALSWF US          94.0      (54.4)     (32.8)
ABSOLUTE SOFTWRE  OU1 GR            94.0      (54.4)     (32.8)
ABSOLUTE SOFTWRE  ABT CN            94.0      (54.4)     (32.8)
ABSOLUTE SOFTWRE  ABT2EUR EU        94.0      (54.4)     (32.8)
AGENUS INC        AJ81 GR          149.3      (51.6)      29.9
AGENUS INC        AGEN US          149.3      (51.6)      29.9
AGENUS INC        AJ81 TH          149.3      (51.6)      29.9
AGENUS INC        AGENEUR EU       149.3      (51.6)      29.9
AGENUS INC        AJ81 QT          149.3      (51.6)      29.9
AIMIA INC         GAPFF US       4,260.0      (20.8)  (1,176.3)
AIMIA INC         AIM CN         4,260.0      (20.8)  (1,176.3)
ALTAIR ENGINEE-A  ALTR US          301.5      (60.2)     (92.4)
ALTAIR ENGINEE-A  8A2 QT           301.5      (60.2)     (92.4)
ALTAIR ENGINEE-A  ALTREUR EU       301.5      (60.2)     (92.4)
ALTAIR ENGINEE-A  8A2 GR           301.5      (60.2)     (92.4)
ALTAIR ENGINEE-A  8A2 TH           301.5      (60.2)     (92.4)
AMER RESTAUR-LP   ICTPU US          33.5       (4.0)      (6.2)
AMYRIS INC        AMRS US          138.6     (190.4)      (5.7)
AMYRIS INC        3A01 TH          138.6     (190.4)      (5.7)
AMYRIS INC        3A01 GR          138.6     (190.4)      (5.7)
AMYRIS INC        3A01 QT          138.6     (190.4)      (5.7)
AMYRIS INC        AMRSEUR EU       138.6     (190.4)      (5.7)
AMYRIS INC        AMRSUSD EU       138.6     (190.4)      (5.7)
APOLLO MEDICAL H  AMEH US           41.2       (7.3)      (7.0)
ARSANIS INC       ASNS US            7.6      (16.7)      (6.3)
ASPEN TECHNOLOGY  AZPN US          202.7     (267.5)    (327.7)
ASPEN TECHNOLOGY  AST GR           202.7     (267.5)    (327.7)
ASPEN TECHNOLOGY  AST TH           202.7     (267.5)    (327.7)
ASPEN TECHNOLOGY  AZPNEUR EU       202.7     (267.5)    (327.7)
ASPEN TECHNOLOGY  AST QT           202.7     (267.5)    (327.7)
ASPEN TECHNOLOGY  AZPNUSD EU       202.7     (267.5)    (327.7)
ATLATSA RESOURCE  ATL SJ           193.5     (142.5)     (46.4)
AUTOZONE INC      AZO US         9,397.1   (1,525.1)    (350.4)
AUTOZONE INC      AZ5 TH         9,397.1   (1,525.1)    (350.4)
AUTOZONE INC      AZ5 GR         9,397.1   (1,525.1)    (350.4)
AUTOZONE INC      AZOEUR EU      9,397.1   (1,525.1)    (350.4)
AUTOZONE INC      AZ5 QT         9,397.1   (1,525.1)    (350.4)
AUTOZONE INC      AZOUSD EU      9,397.1   (1,525.1)    (350.4)
AUTOZONE INC      0HJL LN        9,397.1   (1,525.1)    (350.4)
AVAYA HOLDINGS C  AVYA US        5,898.0   (5,013.0)     (96.0)
AVID TECHNOLOGY   AVID US          225.3     (270.4)     (78.0)
AVID TECHNOLOGY   AVD GR           225.3     (270.4)     (78.0)
AXIM BIOTECHNOLO  AXIM US            3.3       (4.9)      (3.5)
BENEFITFOCUS INC  BNFT US          171.2      (37.0)       7.0
BENEFITFOCUS INC  BTF GR           171.2      (37.0)       7.0
BIOHAVEN PHARMAC  BHVN US          184.7      156.2      157.4
BIOHAVEN PHARMAC  2VN GR           184.7      156.2      157.4
BIOHAVEN PHARMAC  BHVNEUR EU       184.7      156.2      157.4
BIOHAVEN PHARMAC  2VN QT           184.7      156.2      157.4
BIOTRICITY INC    BTCY US            0.7       (0.1)      (0.1)
BLACKSTAR ENTERP  BEGI US            6.3       (4.7)      (5.2)
BLUE BIRD CORP    BLBD US          295.8      (58.5)      21.7
BLUE RIDGE MOUNT  BRMR US        1,060.2     (212.5)     (62.4)
BOKU INC          BOKU LN            -          -          -
BOKU INC          BOKUGBX EU         -          -          -
BOMBARDIER INC-A  BBD/A CN      23,709.0   (3,623.0)     103.0
BOMBARDIER INC-B  BBD/B CN      23,709.0   (3,623.0)     103.0
BOMBARDIER INC-B  BBDBN MM      23,709.0   (3,623.0)     103.0
BRINKER INTL      EAT US         1,368.6     (539.0)    (273.5)
BRINKER INTL      BKJ GR         1,368.6     (539.0)    (273.5)
BRINKER INTL      BKJ QT         1,368.6     (539.0)    (273.5)
BRINKER INTL      EAT2EUR EU     1,368.6     (539.0)    (273.5)
BROOKFIELD REAL   BRE CN            95.0      (31.1)       3.0
BRP INC/CA-SUB V  DOO CN         2,575.8      (98.6)      91.1
BRP INC/CA-SUB V  B15A GR        2,575.8      (98.6)      91.1
BRP INC/CA-SUB V  BRPIF US       2,575.8      (98.6)      91.1
BUFFALO COAL COR  BUC SJ            49.8      (22.9)     (20.1)
BURLINGTON STORE  BURL US        2,843.4     (110.5)      22.8
BURLINGTON STORE  BUI GR         2,843.4     (110.5)      22.8
BURLINGTON STORE  BURL* MM       2,843.4     (110.5)      22.8
BURLINGTON STORE  BURLEUR EU     2,843.4     (110.5)      22.8
BURLINGTON STORE  BURLUSD EU     2,843.4     (110.5)      22.8
CADIZ INC         CDZI US           68.9      (76.3)       7.6
CADIZ INC         2ZC GR            68.9      (76.3)       7.6
CAESARS ENTERTAI  CZR US        14,353.0   (3,815.0)  (5,099.0)
CAESARS ENTERTAI  C08 GR        14,353.0   (3,815.0)  (5,099.0)
CAESARS ENTERTAI  CZREUR EU     14,353.0   (3,815.0)  (5,099.0)
CALIFORNIA RESOU  CRC US         6,183.0     (574.0)    (294.0)
CALIFORNIA RESOU  1CLB GR        6,183.0     (574.0)    (294.0)
CALIFORNIA RESOU  CRCEUR EU      6,183.0     (574.0)    (294.0)
CALIFORNIA RESOU  1CL TH         6,183.0     (574.0)    (294.0)
CALIFORNIA RESOU  1CLB QT        6,183.0     (574.0)    (294.0)
CAMBIUM LEARNING  ABCD US          155.0      (45.0)     (55.0)
CAREDX INC        CDNA US           75.1       (0.2)     (14.0)
CASELLA WASTE     WA3 GR           592.4      (60.5)      (1.4)
CASELLA WASTE     CWST US          592.4      (60.5)      (1.4)
CASELLA WASTE     WA3 TH           592.4      (60.5)      (1.4)
CASELLA WASTE     CWSTEUR EU       592.4      (60.5)      (1.4)
CHENIERE EN PART  CQH US             0.8       (0.1)      (0.1)
CHENIERE EN PART  CE4 GR             0.8       (0.1)      (0.1)
CHESAPEAKE ENERG  CHK US        11,981.0     (704.0)  (1,040.0)
CHESAPEAKE ENERG  CS1 GR        11,981.0     (704.0)  (1,040.0)
CHESAPEAKE ENERG  CS1 TH        11,981.0     (704.0)  (1,040.0)
CHESAPEAKE ENERG  CHK* MM       11,981.0     (704.0)  (1,040.0)
CHESAPEAKE ENERG  CS1 QT        11,981.0     (704.0)  (1,040.0)
CHESAPEAKE ENERG  CHKEUR EU     11,981.0     (704.0)  (1,040.0)
CHOICE HOTELS     CZH GR           961.2     (200.4)     182.3
CHOICE HOTELS     CHH US           961.2     (200.4)     182.3
CINCINNATI BELL   CBB US         1,457.3     (133.5)       5.1
CINCINNATI BELL   CIB1 GR        1,457.3     (133.5)       5.1
CINCINNATI BELL   CBBEUR EU      1,457.3     (133.5)       5.1
CLEAR CHANNEL-A   C7C GR         5,580.5   (1,284.2)     337.6
CLEAR CHANNEL-A   CCO US         5,580.5   (1,284.2)     337.6
CLEVELAND-CLIFFS  CVA GR         1,923.3     (833.1)     373.6
CLEVELAND-CLIFFS  CVA TH         1,923.3     (833.1)     373.6
CLEVELAND-CLIFFS  CLF US         1,923.3     (833.1)     373.6
CLEVELAND-CLIFFS  CLF* MM        1,923.3     (833.1)     373.6
CLEVELAND-CLIFFS  CVA QT         1,923.3     (833.1)     373.6
CLEVELAND-CLIFFS  CLF2EUR EU     1,923.3     (833.1)     373.6
CLEVELAND-CLIFFS  CLF2 EU        1,923.3     (833.1)     373.6
COGENT COMMUNICA  CCOI US          729.9      (80.1)     236.8
COGENT COMMUNICA  OGM1 GR          729.9      (80.1)     236.8
CONSUMER CAPITAL  CCGN US            5.2       (2.5)      (2.6)
CROWN BAUS CAPIT  CBCA US            0.0       (0.0)      (0.0)
DELEK LOGISTICS   DKL US           422.9      (25.8)       5.5
DELEK LOGISTICS   D6L GR           422.9      (25.8)       5.5
DENNY'S CORP      DE8 GR           309.2      (97.6)     (45.4)
DENNY'S CORP      DENN US          309.2      (97.6)     (45.4)
DEX MEDIA INC     DMDA US        1,419.0   (1,284.0)  (1,999.0)
DINEEQUITY INC    DIN US         1,641.2     (216.7)      79.9
DINEEQUITY INC    IHP GR         1,641.2     (216.7)      79.9
DOLLARAMA INC     DOL CN         1,948.8      (15.3)     363.2
DOLLARAMA INC     DLMAF US       1,948.8      (15.3)     363.2
DOLLARAMA INC     DR3 GR         1,948.8      (15.3)     363.2
DOLLARAMA INC     DOLEUR EU      1,948.8      (15.3)     363.2
DOLLARAMA INC     DR3 TH         1,948.8      (15.3)     363.2
DOLLARAMA INC     DR3 QT         1,948.8      (15.3)     363.2
DOLLARAMA INC     DOLCAD EU      1,948.8      (15.3)     363.2
DOMINO'S PIZZA    EZV TH           816.2   (2,765.3)     194.1
DOMINO'S PIZZA    EZV GR           816.2   (2,765.3)     194.1
DOMINO'S PIZZA    DPZ US           816.2   (2,765.3)     194.1
DOMINO'S PIZZA    EZV QT           816.2   (2,765.3)     194.1
DOMINO'S PIZZA    DPZEUR EU        816.2   (2,765.3)     194.1
DOMINO'S PIZZA    DPZUSD EU        816.2   (2,765.3)     194.1
DUN & BRADSTREET  DB5 GR         2,301.0     (857.3)     (71.7)
DUN & BRADSTREET  DB5 TH         2,301.0     (857.3)     (71.7)
DUN & BRADSTREET  DNB US         2,301.0     (857.3)     (71.7)
DUN & BRADSTREET  DB5 QT         2,301.0     (857.3)     (71.7)
DUN & BRADSTREET  DNB1EUR EU     2,301.0     (857.3)     (71.7)
DUNKIN' BRANDS G  2DB GR         3,139.3     (174.1)     157.8
DUNKIN' BRANDS G  DNKN US        3,139.3     (174.1)     157.8
DUNKIN' BRANDS G  2DB TH         3,139.3     (174.1)     157.8
DUNKIN' BRANDS G  2DB QT         3,139.3     (174.1)     157.8
DUNKIN' BRANDS G  DNKNEUR EU     3,139.3     (174.1)     157.8
EGAIN CORP        EGAN US           36.9       (9.8)     (11.9)
ERIN ENERGY CORP  ERN SJ           229.5     (359.3)    (310.8)
EVERI HOLDINGS I  EVRI US        1,425.6     (123.8)      (5.1)
EVERI HOLDINGS I  G2C GR         1,425.6     (123.8)      (5.1)
EVERI HOLDINGS I  EVRIEUR EU     1,425.6     (123.8)      (5.1)
FERRELLGAS-LP     FEG GR         1,705.0     (793.3)    (272.3)
FERRELLGAS-LP     FGP US         1,705.0     (793.3)    (272.3)
FORESCOUT TECHNO  FSCT US          164.3      (65.8)      (9.0)
FORESCOUT TECHNO  F1O GR           164.3      (65.8)      (9.0)
FORESCOUT TECHNO  FSCTEUR EU       164.3      (65.8)      (9.0)
FORESCOUT TECHNO  F1O QT           164.3      (65.8)      (9.0)
GAMCO INVESTO-A   GBL US           231.0     (104.5)       -
GEN COMM-A        GC1 GR         2,063.3       (2.7)      45.3
GEN COMM-A        GNCMA US       2,063.3       (2.7)      45.3
GEN COMM-A        GNCMAEUR EU    2,063.3       (2.7)      45.3
GEN COMM-B        GNCMB US       2,063.3       (2.7)      45.3
GENERAL CANNABIS  CANN US            2.8       (6.1)      (8.1)
GENERAL CANNABIS  7A7 GR             2.8       (6.1)      (8.1)
GENERAL CANNABIS  7A7 TH             2.8       (6.1)      (8.1)
GENERAL CANNABIS  7A7 QT             2.8       (6.1)      (8.1)
GENERAL CANNABIS  CANNEUR EU         2.8       (6.1)      (8.1)
GENERAL CANNABIS  CANNUSD EU         2.8       (6.1)      (8.1)
GNC HOLDINGS INC  IGN GR         1,969.0      (24.7)     441.6
GNC HOLDINGS INC  GNC US         1,969.0      (24.7)     441.6
GNC HOLDINGS INC  IGN TH         1,969.0      (24.7)     441.6
GNC HOLDINGS INC  GNC1EUR EU     1,969.0      (24.7)     441.6
GNC HOLDINGS INC  GNC1USD EU     1,969.0      (24.7)     441.6
GNC HOLDINGS INC  GNC* MM        1,969.0      (24.7)     441.6
GOGO INC          GOGO US        1,362.9     (155.5)     322.8
GOGO INC          G0G GR         1,362.9     (155.5)     322.8
GOGO INC          G0G QT         1,362.9     (155.5)     322.8
GOGO INC          GOGOUSD EU     1,362.9     (155.5)     322.8
GOGO INC          GOGOEUR EU     1,362.9     (155.5)     322.8
GREEN PLAINS PAR  GPP US            92.8      (64.3)       5.0
GREEN PLAINS PAR  8GP GR            92.8      (64.3)       5.0
H&R BLOCK INC     HRB US         1,716.6     (412.8)      51.4
H&R BLOCK INC     HRB GR         1,716.6     (412.8)      51.4
H&R BLOCK INC     HRB TH         1,716.6     (412.8)      51.4
H&R BLOCK INC     HRB QT         1,716.6     (412.8)      51.4
H&R BLOCK INC     HRBEUR EU      1,716.6     (412.8)      51.4
H&R BLOCK INC     HRBUSD EU      1,716.6     (412.8)      51.4
HCA HEALTHCARE I  2BH GR        35,731.0   (5,066.0)   3,837.0
HCA HEALTHCARE I  HCA US        35,731.0   (5,066.0)   3,837.0
HCA HEALTHCARE I  2BH TH        35,731.0   (5,066.0)   3,837.0
HCA HEALTHCARE I  2BH QT        35,731.0   (5,066.0)   3,837.0
HCA HEALTHCARE I  HCAEUR EU     35,731.0   (5,066.0)   3,837.0
HCA HEALTHCARE I  HCAUSD EU     35,731.0   (5,066.0)   3,837.0
HCA HEALTHCARE I  0J1R LN       35,731.0   (5,066.0)   3,837.0
HORTONWORKS INC   HDP US           211.4      (51.1)     (31.0)
HORTONWORKS INC   14K GR           211.4      (51.1)     (31.0)
HORTONWORKS INC   14K QT           211.4      (51.1)     (31.0)
HORTONWORKS INC   HDPEUR EU        211.4      (51.1)     (31.0)
HORTONWORKS INC   HDPUSD EU        211.4      (51.1)     (31.0)
HP COMPANY-BDR    HPQB34 BZ     32,913.0   (3,408.0)     (94.0)
HP INC            HPQ* MM       32,913.0   (3,408.0)     (94.0)
HP INC            HPQ US        32,913.0   (3,408.0)     (94.0)
HP INC            7HP TH        32,913.0   (3,408.0)     (94.0)
HP INC            7HP GR        32,913.0   (3,408.0)     (94.0)
HP INC            HPQ TE        32,913.0   (3,408.0)     (94.0)
HP INC            HPQ CI        32,913.0   (3,408.0)     (94.0)
HP INC            HPQ SW        32,913.0   (3,408.0)     (94.0)
HP INC            HWP QT        32,913.0   (3,408.0)     (94.0)
HP INC            HPQCHF EU     32,913.0   (3,408.0)     (94.0)
HP INC            HPQUSD EU     32,913.0   (3,408.0)     (94.0)
HP INC            HPQUSD SW     32,913.0   (3,408.0)     (94.0)
HP INC            HPQEUR EU     32,913.0   (3,408.0)     (94.0)
HP INC            0J2E LN       32,913.0   (3,408.0)     (94.0)
IDEXX LABS        IDXX US        1,669.3      (48.4)     (53.8)
IDEXX LABS        IX1 GR         1,669.3      (48.4)     (53.8)
IDEXX LABS        IX1 TH         1,669.3      (48.4)     (53.8)
IDEXX LABS        IX1 QT         1,669.3      (48.4)     (53.8)
IDEXX LABS        IDXX AV        1,669.3      (48.4)     (53.8)
IDEXX LABS        0J8P LN        1,669.3      (48.4)     (53.8)
IMMUNOGEN INC     IMU GR           225.7     (111.3)     133.3
IMMUNOGEN INC     IMGN US          225.7     (111.3)     133.3
IMMUNOGEN INC     IMU TH           225.7     (111.3)     133.3
IMMUNOGEN INC     IMU QT           225.7     (111.3)     133.3
IMMUNOGEN INC     IMGNEUR EU       225.7     (111.3)     133.3
IMMUNOGEN INC     IMGNUSD EU       225.7     (111.3)     133.3
IMMUNOMEDICS INC  IMMU US          153.4      (67.4)     (52.0)
IMMUNOMEDICS INC  IM3 GR           153.4      (67.4)     (52.0)
IMMUNOMEDICS INC  IM3 TH           153.4      (67.4)     (52.0)
IMMUNOMEDICS INC  IM3 QT           153.4      (67.4)     (52.0)
INNOVIVA INC      INVA US          391.0     (223.0)     187.6
INNOVIVA INC      HVE GR           391.0     (223.0)     187.6
INNOVIVA INC      INVAEUR EU       391.0     (223.0)     187.6
INSPIRED ENTERTA  INSE US          219.0       (2.3)       2.0
INSTRUCTURE INC   INST US          135.5      (10.9)     (24.0)
INSTRUCTURE INC   1IN GR           135.5      (10.9)     (24.0)
IRONWOOD PHARMAC  I76 GR           625.1      (17.6)     249.6
IRONWOOD PHARMAC  IRWD US          625.1      (17.6)     249.6
IRONWOOD PHARMAC  I76 TH           625.1      (17.6)     249.6
IRONWOOD PHARMAC  I76 QT           625.1      (17.6)     249.6
IRONWOOD PHARMAC  IRWDEUR EU       625.1      (17.6)     249.6
JACK IN THE BOX   JBX GR         1,228.4     (388.0)    (122.7)
JACK IN THE BOX   JACK US        1,228.4     (388.0)    (122.7)
JACK IN THE BOX   JACK1EUR EU    1,228.4     (388.0)    (122.7)
JACK IN THE BOX   JBX QT         1,228.4     (388.0)    (122.7)
JUST ENERGY GROU  JE US          1,276.8     (268.4)    (183.6)
JUST ENERGY GROU  1JE GR         1,276.8     (268.4)    (183.6)
JUST ENERGY GROU  JE CN          1,276.8     (268.4)    (183.6)
L BRANDS INC      LTD GR         7,816.0   (1,119.0)     911.0
L BRANDS INC      LTD TH         7,816.0   (1,119.0)     911.0
L BRANDS INC      LB US          7,816.0   (1,119.0)     911.0
L BRANDS INC      LBEUR EU       7,816.0   (1,119.0)     911.0
L BRANDS INC      LB* MM         7,816.0   (1,119.0)     911.0
L BRANDS INC      LTD QT         7,816.0   (1,119.0)     911.0
L BRANDS INC      LBUSD EU       7,816.0   (1,119.0)     911.0
L BRANDS INC      0JSC LN        7,816.0   (1,119.0)     911.0
LAMB WESTON       LW US          2,714.9     (474.9)     357.8
LAMB WESTON       0L5 GR         2,714.9     (474.9)     357.8
LAMB WESTON       LW-WEUR EU     2,714.9     (474.9)     357.8
LAMB WESTON       0L5 TH         2,714.9     (474.9)     357.8
LAMB WESTON       0L5 QT         2,714.9     (474.9)     357.8
LAMB WESTON       LW-WUSD EU     2,714.9     (474.9)     357.8
LANTHEUS HOLDING  LNTH US          281.0      (77.9)      90.5
LANTHEUS HOLDING  0L8 GR           281.0      (77.9)      90.5
LIVEXLIVE MEDIA   LIVX US            4.1       (3.9)      (7.5)
MCDONALDS - BDR   MCDC34 BZ     32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MDO TH        32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCD TE        32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MDO GR        32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCD* MM       32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCD US        32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCD SW        32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCD CI        32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MDO QT        32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCDCHF EU     32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCDUSD EU     32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCDUSD SW     32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCDEUR EU     32,559.6   (3,477.6)   1,050.1
MCDONALDS CORP    MCD AV        32,559.6   (3,477.6)   1,050.1
MDC PARTNERS-A    MDCA US        1,617.8     (328.8)    (220.3)
MDC PARTNERS-A    MD7A GR        1,617.8     (328.8)    (220.3)
MDC PARTNERS-A    MDCAEUR EU     1,617.8     (328.8)    (220.3)
MEDLEY MANAGE-A   MDLY US          135.5      (11.6)      35.7
MICHAELS COS INC  MIK US         2,306.1   (1,732.8)     482.5
MICHAELS COS INC  MIM GR         2,306.1   (1,732.8)     482.5
MIRAGEN THERAPEU  MGEN US           47.1       39.0       39.9
MOGO FINANCE TEC  MOGO CN          107.0       (6.1)      81.9
MONEYGRAM INTERN  MGI US         4,546.1     (184.0)     (66.1)
MONEYGRAM INTERN  9M1N GR        4,546.1     (184.0)     (66.1)
MONEYGRAM INTERN  9M1N QT        4,546.1     (184.0)     (66.1)
MONEYGRAM INTERN  9M1N TH        4,546.1     (184.0)     (66.1)
MONEYGRAM INTERN  MGIEUR EU      4,546.1     (184.0)     (66.1)
MONEYGRAM INTERN  MGIUSD EU      4,546.1     (184.0)     (66.1)
MOODY'S CORP      DUT GR         8,304.9     (156.8)     296.2
MOODY'S CORP      MCO US         8,304.9     (156.8)     296.2
MOODY'S CORP      DUT TH         8,304.9     (156.8)     296.2
MOODY'S CORP      MCOEUR EU      8,304.9     (156.8)     296.2
MOODY'S CORP      DUT QT         8,304.9     (156.8)     296.2
MOODY'S CORP      MCO* MM        8,304.9     (156.8)     296.2
MOODY'S CORP      MCOUSD EU      8,304.9     (156.8)     296.2
MOODY'S CORP      0K36 LN        8,304.9     (156.8)     296.2
MOSAIC A-CLASS A  MOSC US            0.6       (0.0)      (0.0)
MOSAIC ACQUISITI  MOSC/U US          0.6       (0.0)      (0.0)
MOTOROLA SOLUTIO  MTLA GR        8,618.0     (818.0)     773.0
MOTOROLA SOLUTIO  MTLA TH        8,618.0     (818.0)     773.0
MOTOROLA SOLUTIO  MSI US         8,618.0     (818.0)     773.0
MOTOROLA SOLUTIO  MOT TE         8,618.0     (818.0)     773.0
MOTOROLA SOLUTIO  MTLA QT        8,618.0     (818.0)     773.0
MOTOROLA SOLUTIO  MSI1EUR EU     8,618.0     (818.0)     773.0
MOTOROLA SOLUTIO  MSI1USD EU     8,618.0     (818.0)     773.0
MOTOROLA SOLUTIO  0K3H LN        8,618.0     (818.0)     773.0
MSG NETWORKS- A   MSGN US          819.5     (902.7)     193.1
MSG NETWORKS- A   1M4 GR           819.5     (902.7)     193.1
MSG NETWORKS- A   1M4 QT           819.5     (902.7)     193.1
MSG NETWORKS- A   MSGNEUR EU       819.5     (902.7)     193.1
NATHANS FAMOUS    NATH US           84.5      (60.4)      63.8
NATHANS FAMOUS    NFA GR            84.5      (60.4)      63.8
NATIONAL CINEMED  XWM GR         1,153.4      (61.9)      70.0
NATIONAL CINEMED  NCMI US        1,153.4      (61.9)      70.0
NATIONAL CINEMED  NCMIEUR EU     1,153.4      (61.9)      70.0
NAVISTAR INTL     IHR GR         6,135.0   (4,574.0)     515.0
NAVISTAR INTL     NAV US         6,135.0   (4,574.0)     515.0
NAVISTAR INTL     IHR TH         6,135.0   (4,574.0)     515.0
NAVISTAR INTL     IHR QT         6,135.0   (4,574.0)     515.0
NAVISTAR INTL     NAVEUR EU      6,135.0   (4,574.0)     515.0
NAVISTAR INTL     NAVUSD EU      6,135.0   (4,574.0)     515.0
NEBULA ACQUISITI  NEBUU US           0.0       (0.0)      (0.0)
NEW ENG RLTY-LP   NEN US           237.8      (32.4)       -
NYMOX PHARMACEUT  NYMX US            1.3       (0.7)      (0.7)
PAPA JOHN'S INTL  PZZA US          550.9      (39.4)      29.5
PAPA JOHN'S INTL  PP1 GR           550.9      (39.4)      29.5
PAPA JOHN'S INTL  PZZAEUR EU       550.9      (39.4)      29.5
PHILIP MORRIS IN  PM1EUR EU     41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  PMI SW        41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  PM1 TE        41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  4I1 TH        41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  PM1CHF EU     41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  4I1 GR        41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  PM US         41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  PM FP         41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  PM1 EU        41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  PMI1 IX       41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  PMI EB        41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  4I1 QT        41,951.0   (9,633.0)   2,345.0
PHILIP MORRIS IN  PM LN         41,951.0   (9,633.0)   2,345.0
PINNACLE ENTERTA  PNK US         3,926.3     (343.8)     (90.2)
PINNACLE ENTERTA  65P GR         3,926.3     (343.8)     (90.2)
PLANET FITNESS-A  PLNT US        1,366.0     (139.6)      49.0
PLANET FITNESS-A  3PL TH         1,366.0     (139.6)      49.0
PLANET FITNESS-A  3PL GR         1,366.0     (139.6)      49.0
PLANET FITNESS-A  3PL QT         1,366.0     (139.6)      49.0
PLANET FITNESS-A  PLNT1EUR EU    1,366.0     (139.6)      49.0
PLANET FITNESS-A  PLNT1USD EU    1,366.0     (139.6)      49.0
PROS HOLDINGS IN  PH2 GR           292.6      (35.4)     105.8
PROS HOLDINGS IN  PRO US           292.6      (35.4)     105.8
QUANTUM CORP      QNT2 GR          211.2     (124.3)     (48.3)
QUANTUM CORP      QNT1 TH          211.2     (124.3)     (48.3)
QUANTUM CORP      QTM US           211.2     (124.3)     (48.3)
QUANTUM CORP      QTM1EUR EU       211.2     (124.3)     (48.3)
QUANTUM CORP      QNT1 QT          211.2     (124.3)     (48.3)
QUANTUM CORP      QTM1USD EU       211.2     (124.3)     (48.3)
REATA PHARMACE-A  RETA US          160.4     (132.4)     108.2
REATA PHARMACE-A  2R3 GR           160.4     (132.4)     108.2
REATA PHARMACE-A  RETAEUR EU       160.4     (132.4)     108.2
REGAL ENTERTAI-A  RGC US         2,672.2     (855.2)     (59.1)
REGAL ENTERTAI-A  RETA GR        2,672.2     (855.2)     (59.1)
REGAL ENTERTAI-A  RGC* MM        2,672.2     (855.2)     (59.1)
REGAL ENTERTAI-A  RGCEUR EU      2,672.2     (855.2)     (59.1)
REMARK HOLD INC   3SWN GR          109.7       (9.4)     (58.2)
REMARK HOLD INC   MARK US          109.7       (9.4)     (58.2)
REMARK HOLD INC   MARKEUR EU       109.7       (9.4)     (58.2)
REMARK HOLD INC   MARKUSD EU       109.7       (9.4)     (58.2)
RESOLUTE ENERGY   R21 GR           792.3      (73.8)    (109.3)
RESOLUTE ENERGY   REN US           792.3      (73.8)    (109.3)
RESOLUTE ENERGY   RENEUR EU        792.3      (73.8)    (109.3)
REVLON INC-A      REV US         3,167.8     (701.9)     241.5
REVLON INC-A      RVL1 GR        3,167.8     (701.9)     241.5
REVLON INC-A      RVL1 TH        3,167.8     (701.9)     241.5
REVLON INC-A      REVEUR EU      3,167.8     (701.9)     241.5
RH                RH US          1,801.6      (25.3)     219.2
RH                RS1 GR         1,801.6      (25.3)     219.2
RH                RH* MM         1,801.6      (25.3)     219.2
RH                RHEUR EU       1,801.6      (25.3)     219.2
ROKU INC          ROKU US          225.5      (42.8)      52.0
ROKU INC          R35 GR           225.5      (42.8)      52.0
ROKU INC          R35 QT           225.5      (42.8)      52.0
ROKU INC          ROKUEUR EU       225.5      (42.8)      52.0
ROKU INC          R35 TH           225.5      (42.8)      52.0
ROKU INC          ROKUUSD EU       225.5      (42.8)      52.0
ROSETTA STONE IN  RST US           196.8       (1.4)     (58.1)
ROSETTA STONE IN  RS8 GR           196.8       (1.4)     (58.1)
ROSETTA STONE IN  RST1EUR EU       196.8       (1.4)     (58.1)
RR DONNELLEY & S  DLLN GR        3,956.7     (163.0)     740.3
RR DONNELLEY & S  RRD US         3,956.7     (163.0)     740.3
RR DONNELLEY & S  DLLN TH        3,956.7     (163.0)     740.3
RR DONNELLEY & S  RRDEUR EU      3,956.7     (163.0)     740.3
RYERSON HOLDING   RYI US         1,817.3      (14.4)     731.7
RYERSON HOLDING   7RY TH         1,817.3      (14.4)     731.7
RYERSON HOLDING   7RY GR         1,817.3      (14.4)     731.7
SALLY BEAUTY HOL  SBH US         2,123.1     (363.6)     595.9
SALLY BEAUTY HOL  S7V GR         2,123.1     (363.6)     595.9
SANCHEZ ENERGY C  SN US          2,240.1      (90.4)     (43.2)
SANCHEZ ENERGY C  SN* MM         2,240.1      (90.4)     (43.2)
SANCHEZ ENERGY C  13S GR         2,240.1      (90.4)     (43.2)
SANCHEZ ENERGY C  13S TH         2,240.1      (90.4)     (43.2)
SANCHEZ ENERGY C  13S QT         2,240.1      (90.4)     (43.2)
SANCHEZ ENERGY C  SNEUR EU       2,240.1      (90.4)     (43.2)
SAUDI AMERICAN H  SAHN US            0.0       (2.6)      (2.6)
SBA COMM CORP     4SB GR         7,300.5   (2,257.8)    (698.6)
SBA COMM CORP     SBAC US        7,300.5   (2,257.8)    (698.6)
SBA COMM CORP     SBJ TH         7,300.5   (2,257.8)    (698.6)
SBA COMM CORP     SBACEUR EU     7,300.5   (2,257.8)    (698.6)
SBA COMM CORP     SBACUSD EU     7,300.5   (2,257.8)    (698.6)
SCIENTIFIC GAMES  SGMS US        7,062.4   (1,976.5)     554.8
SEARS HOLDINGS    SHLD US        8,193.0   (4,007.0)  (1,112.0)
SIGA TECH INC     SIGA US          148.7     (312.8)      27.9
SIRIUS XM HOLDIN  SIRI US        8,652.4   (1,050.1)  (2,186.3)
SIRIUS XM HOLDIN  RDO TH         8,652.4   (1,050.1)  (2,186.3)
SIRIUS XM HOLDIN  RDO GR         8,652.4   (1,050.1)  (2,186.3)
SIRIUS XM HOLDIN  RDO QT         8,652.4   (1,050.1)  (2,186.3)
SIRIUS XM HOLDIN  SIRIEUR EU     8,652.4   (1,050.1)  (2,186.3)
SIRIUS XM HOLDIN  SIRI AV        8,652.4   (1,050.1)  (2,186.3)
SIRIUS XM HOLDIN  SIRIUSD EU     8,652.4   (1,050.1)  (2,186.3)
SIX FLAGS ENTERT  SIX US         2,528.3      (67.7)     (70.3)
SIX FLAGS ENTERT  6FE GR         2,528.3      (67.7)     (70.3)
SIX FLAGS ENTERT  SIXEUR EU      2,528.3      (67.7)     (70.3)
SOLARWINDOW TECH  WNDW US            3.0       (0.9)       2.6
SOLARWINDOW TECH  2N0N GR            3.0       (0.9)       2.6
SOLARWINDOW TECH  WNDWUSD EU         3.0       (0.9)       2.6
SOLARWINDOW TECH  WNDW LN            3.0       (0.9)       2.6
SONIC CORP        SONC US          552.9     (237.3)      38.7
SONIC CORP        SO4 GR           552.9     (237.3)      38.7
SONIC CORP        SONCEUR EU       552.9     (237.3)      38.7
STRAIGHT PATH-B   STRP US           10.1      (20.3)     (13.5)
STRAIGHT PATH-B   5I0 GR            10.1      (20.3)     (13.5)
SYNTEL INC        SYNT US          461.0      (63.6)     142.3
SYNTEL INC        SYE GR           461.0      (63.6)     142.3
SYNTEL INC        SYE TH           461.0      (63.6)     142.3
SYNTEL INC        SYE QT           461.0      (63.6)     142.3
SYNTEL INC        SYNT1EUR EU      461.0      (63.6)     142.3
SYNTEL INC        SYNT* MM         461.0      (63.6)     142.3
SYNTEL INC        SYNT1USD EU      461.0      (63.6)     142.3
TAILORED BRANDS   TLRD US        2,111.3      (15.0)     735.6
TAILORED BRANDS   WRMA GR        2,111.3      (15.0)     735.6
TAILORED BRANDS   TLRD* MM       2,111.3      (15.0)     735.6
TAILORED BRANDS   TLRDEUR EU     2,111.3      (15.0)     735.6
TAUBMAN CENTERS   TU8 GR         4,108.0     (148.8)       -
TAUBMAN CENTERS   TCO US         4,108.0     (148.8)       -
TINTRI INC        TNTR US          100.9      (68.4)       3.5
TINTRI INC        TI3 GR           100.9      (68.4)       3.5
TINTRI INC        TNTREUR EU       100.9      (68.4)       3.5
TOWN SPORTS INTE  CLUB US          230.9      (99.7)      (4.1)
TRANSDIGM GROUP   T7D GR         9,975.7   (2,951.2)   1,262.6
TRANSDIGM GROUP   TDG US         9,975.7   (2,951.2)   1,262.6
TRANSDIGM GROUP   T7D QT         9,975.7   (2,951.2)   1,262.6
TRANSDIGM GROUP   TDGEUR EU      9,975.7   (2,951.2)   1,262.6
TRANSDIGM GROUP   T7D TH         9,975.7   (2,951.2)   1,262.6
ULTRA PETROLEUM   UPL US         1,862.1   (1,257.8)    (157.3)
ULTRA PETROLEUM   UPL1EUR EU     1,862.1   (1,257.8)    (157.3)
ULTRA PETROLEUM   UPM1 GR        1,862.1   (1,257.8)    (157.3)
ULTRA PETROLEUM   UPM1 TH        1,862.1   (1,257.8)    (157.3)
ULTRA PETROLEUM   UPM1 QT        1,862.1   (1,257.8)    (157.3)
UNISYS CORP       UIS EU         2,296.9   (1,649.9)     340.6
UNISYS CORP       UISCHF EU      2,296.9   (1,649.9)     340.6
UNISYS CORP       UISEUR EU      2,296.9   (1,649.9)     340.6
UNISYS CORP       UIS US         2,296.9   (1,649.9)     340.6
UNISYS CORP       UIS1 SW        2,296.9   (1,649.9)     340.6
UNISYS CORP       USY1 TH        2,296.9   (1,649.9)     340.6
UNISYS CORP       USY1 GR        2,296.9   (1,649.9)     340.6
UNISYS CORP       USY1 QT        2,296.9   (1,649.9)     340.6
UNITI GROUP INC   UNIT US        4,292.2   (1,052.9)       -
UNITI GROUP INC   8XC GR         4,292.2   (1,052.9)       -
VALVOLINE INC     VVV US         1,915.0     (117.0)     312.0
VALVOLINE INC     0V4 GR         1,915.0     (117.0)     312.0
VALVOLINE INC     0V4 TH         1,915.0     (117.0)     312.0
VALVOLINE INC     VVVEUR EU      1,915.0     (117.0)     312.0
VALVOLINE INC     0V4 QT         1,915.0     (117.0)     312.0
VECTOR GROUP LTD  VGR GR         1,409.9     (318.2)     431.7
VECTOR GROUP LTD  VGR US         1,409.9     (318.2)     431.7
VECTOR GROUP LTD  VGR QT         1,409.9     (318.2)     431.7
VECTOR GROUP LTD  VGREUR EU      1,409.9     (318.2)     431.7
VERISIGN INC      VRS TH         2,908.4   (1,229.9)     870.5
VERISIGN INC      VRS GR         2,908.4   (1,229.9)     870.5
VERISIGN INC      VRSN US        2,908.4   (1,229.9)     870.5
VERISIGN INC      VRS QT         2,908.4   (1,229.9)     870.5
VERISIGN INC      VRSNEUR EU     2,908.4   (1,229.9)     870.5
VERISIGN INC      VRSNUSD EU     2,908.4   (1,229.9)     870.5
VIEWRAY INC       VRAY US           88.1      (26.6)      27.9
VIEWRAY INC       6L9 GR            88.1      (26.6)      27.9
VIEWRAY INC       VRAYEUR EU        88.1      (26.6)      27.9
VTV THERAPEUTI-A  VTVT US           24.1       (5.7)       9.3
VTV THERAPEUTI-A  5VT GR            24.1       (5.7)       9.3
W&T OFFSHORE INC  WTI US           887.4     (597.3)      34.5
W&T OFFSHORE INC  UWV GR           887.4     (597.3)      34.5
W&T OFFSHORE INC  WTI1EUR EU       887.4     (597.3)      34.5
WEIGHT WATCHERS   WTW US         1,315.5   (1,080.7)     (12.7)
WEIGHT WATCHERS   WW6 GR         1,315.5   (1,080.7)     (12.7)
WEIGHT WATCHERS   WW6 TH         1,315.5   (1,080.7)     (12.7)
WEIGHT WATCHERS   WTWEUR EU      1,315.5   (1,080.7)     (12.7)
WEIGHT WATCHERS   WW6 QT         1,315.5   (1,080.7)     (12.7)
WEIGHT WATCHERS   WTWUSD EU      1,315.5   (1,080.7)     (12.7)
WIDEOPENWEST INC  WOW US         2,676.5     (288.3)     (50.7)
WIDEOPENWEST INC  WU5 GR         2,676.5     (288.3)     (50.7)
WIDEOPENWEST INC  WU5 TH         2,676.5     (288.3)     (50.7)
WIDEOPENWEST INC  WU5 QT         2,676.5     (288.3)     (50.7)
WIDEOPENWEST INC  WOW1EUR EU     2,676.5     (288.3)     (50.7)
WINGSTOP INC      WING US          121.1      (57.7)      (2.1)
WINGSTOP INC      EWG GR           121.1      (57.7)      (2.1)
WINMARK CORP      WINA US           47.2      (39.4)      12.5
WINMARK CORP      GBZ GR            47.2      (39.4)      12.5
WORKIVA INC       WK US            155.6      (14.5)     (12.1)
WORKIVA INC       0WKA GR          155.6      (14.5)     (12.1)
WORKIVA INC       WKEUR EU         155.6      (14.5)     (12.1)
YRC WORLDWIDE IN  YRCW US        1,701.6     (403.7)     226.5
YRC WORLDWIDE IN  YEL1 GR        1,701.6     (403.7)     226.5
YRC WORLDWIDE IN  YEL1 TH        1,701.6     (403.7)     226.5
YRC WORLDWIDE IN  YEL1 QT        1,701.6     (403.7)     226.5
YRC WORLDWIDE IN  YRCWEUR EU     1,701.6     (403.7)     226.5
YUM! BRANDS INC   YUM US         5,454.0   (6,121.0)     596.0
YUM! BRANDS INC   TGR GR         5,454.0   (6,121.0)     596.0
YUM! BRANDS INC   TGR TH         5,454.0   (6,121.0)     596.0
YUM! BRANDS INC   YUMEUR EU      5,454.0   (6,121.0)     596.0
YUM! BRANDS INC   TGR QT         5,454.0   (6,121.0)     596.0
YUM! BRANDS INC   YUMCHF EU      5,454.0   (6,121.0)     596.0
YUM! BRANDS INC   YUM SW         5,454.0   (6,121.0)     596.0
YUM! BRANDS INC   YUMUSD SW      5,454.0   (6,121.0)     596.0
YUM! BRANDS INC   YUMUSD EU      5,454.0   (6,121.0)     596.0


                            *********

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.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

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 2018.  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.

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