TCR_Public/180212.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, February 12, 2018, Vol. 22, No. 42

                            Headlines

1111 MYRTLE AVENUE: Full Payment for Unsecured Creditors Under Plan
2275 NE 120: Hires Peter Spindel as Counsel
264 LAGOON: Seeks May 27 Plan Exclusivity Periods Extension
74 GRAND ST. EQUITIES: Taps Tarter Krinsky as Legal Counsel
ACADEMY SPORTS: Bank Debt Trades at 19.87% Off

ACCULAB GROUP: Case Summary & 6 Unsecured Creditors
ACOSTA INC: Bank Debt Trades at 13.28% Off
ACTEON GROUP: Bank Debt Trades at 8.33% Off
ADVANCED SOLIDS: $52K Sale of Assets to Tanner & El Paso Approved
ADVANCED SOLIDS: $895K Sale of Carlsbad Property to Haro Approved

ADVANCED SOLIDS: Proposed Sale of Equipment Approved
ADVANCED SOLIDS: Proposes $52K Sale of Assets to Tanner & El Paso
ADVANTAGE SALES: S&P Affirms B Corp. Credit Rating, Outlook Stable
AKC ENTERPRISES: Hires Carmody MacDonald as Counsel
ALL TERRAIN: Taps Crandall Wiscombe as Accountant

ALTADENA LINCOLN: Court Terminates Exclusivity Periods
AMC ENTERTAINMENT: Moody's Lowers CFR to B2; Outlook Stable
AMRIT FREIGHT: Resolves Secured Creditors' Valuation Issues
APEX TOOL: Moody's Affirms B3 CFR; Outlook Remains Stable
ASCENT RESOURCES: Moody's Cuts Probability Default Rating to D-PD

AVALON MOBILITY: Taps Burris & MacOmber as Special Counsel
AVANTAIR INC: Virtu Americas Has 8.56% Stake as of Dec. 29
AXIS ENERGY: Case Summary & 20 Largest Unsecured Creditors
AZURE MIDSTREAM: Bank Debt Trades at 6.33% Off
BARTLETT MGMT: $75K Sale Riverside Restaurant Equipment Approved

BEAR FIGUEROA: $2.9M Sale of Los Angeles Property to PI Approved
BELK INC: Bank Debt Trades at 14% Off
BIOSTAGE INC: Names Digitone Robotics CEO Chen as Board Chairman
BLINK CHARGING: Files Amendment 10 to 4.6 Million Units Prospectus
BLUE DIAMOND: Hires Sheehan & Nugent as Attorney

BLUE DIAMOND: U.S. Trustee Unable to Appoint Committee
BLUE RIDGE: Case Summary & 20 Largest Unsecured Creditors
BON-TON STORES: BofA, Wells Fargo Lead DIP Lending Syndicate
BON-TON STORES: Feb. 15 Meeting Set to Form Creditors' Panel
BOSS LITHO: Case Summary & 19 Largest Unsecured Creditors

BROOKLYN CENTER: Moody's Hikes (GOULT) Debt Rating to Ba1
BRYAN DEARASAUGH: $165K Sale of Conway Property Approved
CALDEL HOLDINGS: Case Summary & Unsecured Creditor
CALIFORNIA RESOURCES: Inks New Midstream JV and Equity Investment
CARBONDALE GLEN: Case Summary & 30 Largest Unsecured Creditors

CDRH PARENT: S&P Alters Outlook to Negative & Affirms 'B-' CCR
CENVEO INC: Feb. 14 Meeting Set to Form Creditors' Panel
CEVA GROUP: $260MM Bank Debt Trades at 3.17% Off
CEVA GROUP: $400MM Bank Debt Trades at 3.17% Off
CEVA GROUP: $50MM Bank Debt Trades at 3.17% Off

COLE HAAN: Bank Debt Trades at 2.37% Off
CONDOMINIUM ASSOCIATION: Feb. 20 Auction of Temple Hills Property
CONDOMINIUM ASSOCIATION: Has Final OK to Obtain $1.25M Financing
CONDOMINIUM ASSOCIATION: Hires Pillsbury as Bankruptcy Counsel
CRYODORANT LLC: Voluntary Chapter 11 Case Summary

DEX SERVICES: Taps Terra Point as Auctioneer
DIOCESE OF NEW ULM: Mediation Sessions Delay Plan Filing
DONCASTERS FINANCE: Bank Debt Trades at 2.06% Off
EAST COAST TVS: Case Summary & 15 Largest Unsecured Creditors
ECP GOPHER: Moody's Assigns B2 Corp. Family Rating; Outlook Stable

ENTEGRIS INC: S&P Alters Outlook to Positive & Affirms 'BB' CCR
ET SOLAR: Hires Sensiba San Filippo as Accountant
FAT FACE: Bank Debt Trades at 15.75% Off
FINJAN HOLDINGS: B. Riley Reports 8.6% Stake as of Dec. 31
FIRST RIVER: Seeks to Hire ASP as Financial Advisor, Appoint CRO

FORTERRA INC: Bank Debt Trades at 5.87% Off
FOSSIL GROUP: S&P Affirms Then Withdraws 'B+' Corp. Credit Rating
FREEDOM LEAF: Acquires 3,000 Shares of Green Market
GETTY IMAGES: Bank Debt Trades at 5.41% Off
GOODWILL INDUSTRIES: Needs More Time to Deal With Bond Repayment

GULF MEDICAL: U.S. Trustee Unable to Appoint Committee
H MELTON VENTURES: Trustee Taps Cavazos Hendricks as Legal Counsel
HALCON RESOURCES: Add-On Notes No Impact on Moody's B3 CFR
HANDSOME INC: Taps Harlow Adams as Legal Counsel
HARBOR BAR DOCKS: U.S. Trustee Says Plan Outline Inaccurate

HARBOR BAR: Plan Disclosures Incomplete, U.S. Trustee Complains
HHGREGG INC: Seeks April 5 Plan Exclusivity Period Extension
HIDDEN VALLEY: Case Summary & Largest Unsecured Creditors
IHEARTCOMMUNICATIONS INC: Fitch Affirms 'C' Issuer Default Rating
INTERIOR & EXTERIOR: Plan Outline Conditionally Approved

ISLAND VIEW: Ch. 11 Trustee Hires Karalis PC as Counsel
J CREW GROUP: Stephen Squeri Quits from Board of Directors
JOHN Q. HAMMONS: $1.5M Sale of Springfield Property to Hagale OK'd
JOHNS TRUCKING: To Pay BMO $3K Monthly at 5% Interest Over 5 Years
JONES ENERGY: Fitch Lowers IDR to CCC; Still on Watch Negative

JONES ENERGY: Moody's Rates Proposed $450MM First Lien Notes 'B2'
LARRY HEMBREE: $95K Sale of Washington Property to Family Life OK'd
LG MADRONE: Taps Charles B. Greene as Legal Counsel
LINDA THE BRA LADY: Goes Belly-Up Amid Disaster Relief Loan
LINEAGE LOGISTICS: S&P Alters Outlook to Stable & Affirms 'B' CCR

MAHIPAL RAVIPATI: $25K Sale of 2013 Mercedes ML350 Approved
MAHIPAL RAVIPATI: Sale of Medical Practice Denied Without Prejudice
MARSHALL MEDICAL: Fitch Hikes Rating on 2004B Bonds From BB+
MARYMOUNT UNIVERSITY: Moody's Affirms Ba1 Rating on 2015A/B Bonds
MAYFAIR-HAWAII: $3.8M Sale of DC Property to Wesley Approved

MCNALLY SMITH: Music School Files Chapter 7 Liquidation
METROPARK USA: $21K Sale of Default Judgments to SM Financial OK'd
MICHAEL D. COHEN: Exclusive Plan Period Extended to Feb. 26
MOBILESMITH INC: Adopts New Audit and Compensation Committees
MOMENTIVE PERFORMANCE: Moody's Hikes CFR to B2; Outlook Stable

MONSTER CONCRETE: Taps Heard Ary as Legal Counsel
MP DIAGNOSTIC: Hires Diaz and Associates as Attorney
NATIONAL JEWISH: Fitch Ups Rating on $29MM Revenue Bonds From BB+
NATIONS FIRST: Case Summary & 20 Largest Unsecured Creditors
NATURES BOUNTY: Bank Debt Trades at 5.58% Off

NEIMAN MARCUS: Bank Debt Trades at 14.75% Off
NRG YIELD: Moody's Affirms Ba2 CFR & Senior Unsecured Rating
ONEBADA BBQ: Case Summary & 9 Unsecured Creditors
OVERSEAS SHIPHOLDING: S&P Rates $380MM Term Loan Due 2022 'B+'
PARTY CITY: S&P Rates $1.2BB Term Loan 'B+' on Refinancing Plan

PENTHOUSE GLOBAL: Taps Weiss & Spees as Legal Counsel
PINNACLE COMPANIES: Taps Marcus & Millichap as Real Estate Broker
POINT.360: Given Until May 8 to File Plan of Reorganization
PREMIER MARINE: Unsecured Creditors to Get 17.4-41.7% Over 5 Years
PREMIER PCS OF TX: Taps James Borduin as Accountant

PREMIER PCS: Hires Sul Lee as Special Counsel
QUADRANT 4: Exclusive Plan Filing Period Extended to March 8
RAMLA USA: MDF Buying Liquor License No. 47-521781 for $85K
RAND LOGISTICS: CFO Hiltwein Resigning on Chapter 11 Exit
RANDOLPH AND RANDOLPH: Taps Worrell Poole as Accountant

REMINGTON OUTDOOR: Said to Be Mulling Chapter 11 Filing
RESOLUTE ENERGY: VR Global Backs Call to Appoint Financial Advisor
RH BBQ: Case Summary & 10 Unsecured Creditors
ROBERT DONEHEW: $950K Sale of Marietta Property Approved
RUE21 INC: Seeks Funding, Hires Piper Jaffray as Investment Banker

SAGUARO ISSUER: Moody's Puts Ser. L & K Debt Ratings Under Review
SALIENT CRGT: Moody's Revises Outlook to Stable & Affirms B3 CFR
SAVERS INC: Bank Debt Trades at 4.22% Off
SCHROEDER BROTHERS: U.S. Trustee Wants Plan Disclosures Amended
SEADRILL LTD: Bank Debt Trades at 12% Off

SENIOR OAKS: Hires David L. Lord as Attorney
SERTA SIMMONS: Bank Debt Trades at 6.25% Off
SERVICE WELDING: Disclosures Okayed; April 17 Plan Hearing
SHERIDAN INVESTMENT I: $741MM Bank Debt Trades at 15.50% Off
SHERIDAN PRODUCTION I-A: $98MM Bank Debt Trades at 15.50% Off

SHERIDAN PRODUCTION I-M: $60MM Bank Debt Trades at 15.50% Off
SHIRLICK CORP: Hires Roach & Leite as General Counsel
SOUTHERN INDUSTRIAL: Case Summary & 20 Largest Unsecured Creditors
SOUTHWORTH CO: Feb. 15 Hearing on Auction of Washington Assets Set
SPANISH ISLES: Creditor Trustee Hires Wargo as Counsel

SPORTS ZONE: $900K Sale of All Assets to New Legacy Approved
STEINWAY MUSICAL: Moody's Rates New $235MM 1st Lien Sr. Loan B3
STEINWAY MUSICAL: S&P Raises CCR to 'B' on Expected Refinancing
STOP ALARMS: Trustee's Sale of All Assets for $450K Okayed
STRIDE ACADEMY: S&P Alters Outlook to Stable & Affirms CCC- Rating

STRUCTURED ADJUSTABLE 2004-19: Moody's Lowers 3 Tranches to B3
TERRAFORM POWER: Fitch Affirms 'BB-' IDR on Saeta Yield Acquisition
TRI STATE TRUCKING: March 23 Amended Plan Confirmation Hearing
TRIMUR PARTNERS: Hires Frank B. Lyon as Attorney
TRONC INC: S&P Puts 'B' CCR on Watch Pos. Amid Nant Capital Deal

TTM TECHNOLOGIES: S&P Affirms 'BB' CCR Amid Anaren Acquisition
U.S.A. DAWGS: Taps Garman Turner as Legal Counsel
VICTORY CAPITAL: S&P Raises ICR to 'BB' on IPO, Outlook Stable
VIRTUS INVESTMENT: Moody's Affirms Ba2 Corporate Family Rating
WALDRON DEVELOPMENT: Taps William J. Factor as Legal Counsel

WEINSTEIN CO: Contreras-Sweet Pulls Out $500M Offer, Post Says
WILSON LAND: Hires Forbes Law as Attorney
WINDSOR MARKETING: Committee Hires Lowenstein Sandler as Counsel
WINDSOR MARKETING: Committee Taps Neubert Pepe as Conn. Counsel
WIT'S END RANCH: Hires Carolin Topelson as Special Counsel

WJA ASSET MANAGEMENT: Hires Aishel Real as Real Estate Broker
WYNN RESORTS: Moody's Alters Outlook to Negative & Affirms Ba3 CFR
YOGA CENTER: Unsecureds to Recover 29.3% Under Amended Plan
[^] BOND PRICING: For the Week from February 5 to 9, 2018

                            *********

1111 MYRTLE AVENUE: Full Payment for Unsecured Creditors Under Plan
-------------------------------------------------------------------
1111 Myrtle Avenue Group LLC filed with the U.S. Bankruptcy Court
for the Southern District of New York an amended disclosure
statement relating to its plan of reorganization dated Dec. 12,
2017.

Class 1 under the plan comprised of the allowed secured claim of
Preferred Bank. Preferred Bank filed a pre-petition claim in the
total sum of $6,167,670.11. During the Chapter 11 case, the Debtor
has remained current with respect to all post-petition debt
service, including interest and amortization. Accordingly, the
Debtor's loan balance has been reduced since the bankruptcy filing
to the current principal balance of $5,754,377.53, as of Nov. 16,
2017. This loan balance, which will be further reduced through
Confirmation based on continued monthly payments by the Debtor in
the regular course of business, will be paid in full on the
Effective Date from the Confirmation Fund without post-petition
default interest, pre-payment or penalty, if any.

It is Preferred Bank's position that post-petition default interest
should be awarded because, among other things, unsecured creditors
will be paid in full and approximately $20,000,000 in cash and
property will be distributed to Class 3-equity interests. The
Debtor has also disputed certain of Preferred Bank's post-petition
legal fees as being out of proportion to the legal services
actually required to protect Preferred Bank's position during the
Chapter 11 case. This issue will be resolved concurrently with the
Debtor's other challenges to the post-petition portion of Preferred
Bank's claim.

Class 2 is comprised of the Allowed Claims of General Unsecured
Creditors. The holders of Allowed General Unsecured Claims will
receive a cash dividend 100% percent of their Allowed Claims on the
Effective Date. This class is not impaired because Allowed General
Unsecured Claims will be paid full with post-petition interest at
the federal judgment rate.

The Plan shall be implemented through the distribution of the funds
on hand, which will be transferred into the confirmation account
for distribution under the Plan. The Debtor currently has on
deposit the sum of $2,058,246 as of Nov. 30, 2017 in its DIP
accounts. Additionally, the Debtor has established a separate
interest-bearing account for the deposit of the Liquidated Damages
Award with Signature Bank currently totaling $7,502,466.13. Thus,
all told, there is more than $9,500,000 available for distribution
to creditors and agency holders.

A full-text copy of the Disclosure Statement dated Dec. 21, 2017,
is available at:

     http://bankrupt.com/misc/nysb15-12454-106.pdf

A Redlined Version of the Amended Disclosure Statement dated Jan.
29, 2017, is available for free at:

     http://bankrupt.com/misc/nysb15-12454-115-1.pdf

A Redlined Version of the Amended Disclosure Statement dated Feb.
8, 2018, is available for free at:

     http://bankrupt.com/misc/nysb15-12454-116.pdf

               About 1111 Myrtle Avenue Group

1111 Myrtle Avenue Group LLC owns a commercial property located at
1103-1111 Myrtle Avenue, Brooklyn, New York.  The property is
leased to two tenants: (a) the United States of America occupies
most of the commercial space as a Social Security office, pursuant
to a lease coming up for renewal, and (b) Eagle 99 Cents Store
Inc., which runs a retail store, occupies the remainder of the
premises.  The Property is subject to a first mortgage lien
securing a loan in the principal amount of $6,283,545 received
from United International Bank ("UIB").

1111 Myrtle Avenue Group LLC filed a Chapter 11 bankruptcy petition
(Bankr. S.D.N.Y. Case No. 15-12454) on Sept. 1, 2015, after Myrtle
Property Holdings LLC backed out of a deal to buy the Debtor's
property.

The petition was signed by Aaron C. Ambalu as manager.

The Debtor disclosed total assets of $29.6 million and total
liabilities of $6.23 million.  The secured creditor is United
International Bank, which is owed $6.18 million on a first
mortgage.

The Debtor won approval to hire Goldberg Weprin Finkel Goldstein
LLP as counsel.


2275 NE 120: Hires Peter Spindel as Counsel
-------------------------------------------
2275 NE 120 Street, LLC, seeks authority from the U.S. Bankruptcy
Court for the Southern District of Florida to employ Peter Spindel,
Esq., PA, as counsel to the Debtor.

2275 NE 120 requires Peter Spindel to:

   a. give advice to the Debtor with respect to its powers and
      duties as a Debtor in possession and the continued
      management of its business operations;

   b. advise the Debtor with respect to its responsibilities in
      complying with the U.S. Trustee's Operating Guidelines and
      Reporting Requirements and with the rules of the court;

   c. prepare motions, pleadings, orders, applications, adversary
      proceedings, and other legal documents necessary in the
      administration of the case;

   d. protect the interest of the Debtor in all matters pending
      before the bankruptcy court; and

   e. represent the Debtor in negotiation with its creditors in
      the preparation of a plan.

Peter Spindel will be paid based upon its normal and usual hourly
billing rates. The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Peter Spindel, partner of Peter Spindel, Esq., PA, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Peter Spindel can be reached at:

     Peter Spindel, Esq.
     PETER SPINDEL, ESQ., PA
     P.O. Box 166245
     Miami, FL 33116-6245
     Tel: (305) 279-2126
     Fax: (305) 279-2127

                   About 2275 NE 120 Street

2275 NE 120 Street, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Fla. Case No. 18-11110) on Jan. 29, 2018.  The Debtor
hired Peter Spindel, Esq., PA, as counsel.


264 LAGOON: Seeks May 27 Plan Exclusivity Periods Extension
-----------------------------------------------------------
264 Lagoon Dr Lido Beach NY LLC asks the U.S. Bankruptcy Court for
the Southern District of Florida for 90 days extension of
exclusivity periods within which to negotiate with creditors and
file plan and disclosure statement, and solicit acceptances,
through May 27, 2018.

If not extended, the exclusivity expires Feb. 27, 2018.

The Debtor and Wells Fargo have been preliminarily exploring a
consensual plan, but additional time is needed, and perhaps
mediation.

                 About 264 Lagoon Dr Lido Beach

Based in Miami Beach, Florida, 264 Lagoon Dr Lido Beach NY LLC
filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 17-23136) on
Oct. 30, 2017, estimating under $1 million both in assets and
liabilities.  Yonel Devico, MGR, signed the petition.  The Debtor
is represented by Joel M. Aresty, Esq., of Joel M. Aresty, PA as
counsel.  An official committee of unsecured creditors has not yet
been appointed in the Chapter 11 case.


74 GRAND ST. EQUITIES: Taps Tarter Krinsky as Legal Counsel
-----------------------------------------------------------
74 Grand St. Equities, LLC, seeks approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire Tarter Krinsky
& Drogin LLP as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; negotiate with creditors in working out a plan of
reorganization; and provide other legal services related to its
Chapter 11 case.

The firm's hourly rates are:

     Partners       $515 to $620
     Counsel        $460 to $600
     Associates     $295 to $485
     Paralegals     $245 to $285

Tarter Krinsky received an initial retainer in the sum of $24,980
from Structured Marshalled Investments Limited, an entity in
Ireland owned or controlled by Greg Kavanagh.

Scott Markowitz, Esq., a partner at Tarter Krinsky, disclosed in a
court filing that his firm is "disinterested" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Scott S. Markowitz, Esq.
     Rocco A. Cavaliere, Esq.
     Tarter Krinsky & Drogin LLP
     1350 Broadway, 11th Floor
     New York, NY 10018
     Phone: (212) 216-8000
     E-mail: smarkowitz@tarterkrinsky.com
             rcavaliere@tarterkrinky.com

                  About 74 Grand St. Equities

Based in New York, 74 Grand St. Equities, LLC's assets consist of a
development site located in an area of SoHo.

Alleged creditors Churchill Credit Holding LLC, Equity
Environmental Engineering LLC, and Damo Construction Company Inc.
filed an involuntary Chapter 11 petition against the Debtor (Bankr.
S.D.N.Y. Case No. 17-13295) on Nov. 20, 2017.  

By order dated Dec. 19, 2017, the Court entered an order for relief
under  Chapter 11 and the Debtor is continuing in possession of its
assets as a
debtor-in possession pursuant to the applicable provisions of the
Bankruptcy Code. T

Judge Shelley C. Chapman presides over the case.

The Petitioners are represented by Morrison Cohen LLP and Magnozzi
& Kye, LLP.

TARTER KRINSKY & DROGIN LLP is the Debtor's counsel.


ACADEMY SPORTS: Bank Debt Trades at 19.87% Off
----------------------------------------------
Participations in a syndicated loan under which Academy Sports &
Outdoors is a borrower traded in the secondary market at 80.13
cents-on-the-dollar during the week ended Friday, February 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 2.72 percentage points from the
previous week. Academy Sports pays 400 basis points above LIBOR to
borrow under the $1.825 billion facility.  The bank loan matures on
June 15, 2022. Moody's rates the loan 'B3' and Standard & Poor's
gave a 'CCC+' rating to the loan. 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 Friday,
February 2.


ACCULAB GROUP: Case Summary & 6 Unsecured Creditors
---------------------------------------------------
Debtor: Acculab Group, LLC
        1919 Oakwell Farms Parkway, Ste. 160
        San Antonio, TX 78218

Type of Business: Acculab Group, LLC, owns a medical and
diagnostic
                  laboratory in San Antonio, Texas.  Acculab
                  currently offers advanced testing panels for
                  toxicology drug testing, heart, cancer, hormone,
                  wellness and dozens of other advanced blood
                  panels, as well as allergy and pharmacogenomics
                  (also known as DNA) for its physician partners.

                  http://www.acculabtx.com/

Chapter 11 Petition Date: February 8, 2018

Case No.: 18-50302

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Judge: Hon. Ronald B. King

Debtor's Counsel: James Samuel Wilkins, Esq.
                  WILLIS & WILKINS, LLP
                  711 Navarro St Suite 711
                  San Antonio, TX 78205
                  Tel: 210-271-9212
                  Fax: 210-271-9389
                  E-mail: jwilkins@stic.net

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by David Padilla, manager.

A full-text copy of the petition, along with a list of the Debtor's
six unsecured creditors, is available for free at:

         http://bankrupt.com/misc/txwb18-50302.pdf


ACOSTA INC: Bank Debt Trades at 13.28% Off
------------------------------------------
Participations in a syndicated loan under which Acosta Inc is a
borrower traded in the secondary market at 86.72
cents-on-the-dollar during the week ended Friday, February 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.87 percentage points from the
previous week. Acosta Inc pays 325 basis points above LIBOR to
borrow under the $2.055 billion facility. The bank loan matures on
September 26, 2021. Moody's rates the loan 'B3' and Standard &
Poor's gave a 'B-' rating to the loan. 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
Friday, February 2.


ACTEON GROUP: Bank Debt Trades at 8.33% Off
-------------------------------------------
Participations in a syndicated loan under which Acteon Group Ltd is
a borrower traded in the secondary market at 91.67
cents-on-the-dollar during the week ended Friday, February 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.29 percentage points from the
previous week. Acteon Group pays 425 basis points above LIBOR to
borrow under the $130 million facility. The bank loan matures on
November 1, 2018. 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 Friday, February 2.


ADVANCED SOLIDS: $52K Sale of Assets to Tanner & El Paso Approved
-----------------------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas authorized Advanced Solids Control, LLC's sale of
(i) six 418 Centrifuges, seven VFD panels and 10 Centrifuge stands
for the cash sales price in the amount of $40,000 to Tanner
Services, LLC; and (ii) five sets of loader forks, one loader
bucket and one Miller Bobcat Welding Machine for the cash sales
price in the amount of $12,000 to El Paso Crushers.

The sales are as is, where is, and free and clear of all liens,
claims and encumbrances.

The proceeds from the sale are to be paid to WTF Rentals, LLC as a
partial payment on its secured claim.

                   About Advanced Solids Control

Advanced Solids Control, LLC, is an oilfield service company
specializing in solids control for land-based oil and gas drilling
operations.  Advanced Solids sought Chapter 11 protection (Bankr.
W.D. Tex. Case No. 16-52748) on Dec. 2, 2016.  In the petition
signed by W. Lynn Frazier, managing member, the Debtor estimated
assets of less than $50,000 and liabilities of less than $1
million.  William R. Davis, Jr., Esq., at Langley & Banack, Inc.,
serves as bankruptcy counsel to the Debtor.  Pena and Grillo PLLC,
serves as special counsel.


ADVANCED SOLIDS: $895K Sale of Carlsbad Property to Haro Approved
-----------------------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas authorized Advanced Solids Control, LLC's sale of
the real property described as 4116 Tidwell, Carlsbad, New Mexico,
to Juan Haro for $895,000.

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

The ordinary closing costs, including real estate commissions and
the local ad valorem taxing authorities (pro-rated through
closing), are to be paid in full at closing.

The lien of First National Bank of Beeville will automatically
attach to the net sales proceeds based upon its pre-petition
priority, and the claim of First National Bank of Beeville paid
directly from the closing towards First National Bank of Beeville's
outstanding balance; any excess proceeds from the sale will be
property of the Estate.

                   About Advanced Solids Control

Advanced Solids Control, LLC, is an oilfield service company
specializing in solids control for land-based oil and gas drilling
operations.  

Advanced Solids sought Chapter 11 protection (Bankr. W.D. Tex. Case
No. 16-52748) on Dec. 2, 2016.  In the petition signed by W. Lynn
Frazier, managing member, the Debtor estimated assets of less than
$50,000 and liabilities of less than $1 million.

William R. Davis, Jr., Esq., at Langley & Banack, Inc., serves as
bankruptcy counsel to the Debtor.  Pena and Grillo PLLC serves as
special counsel.  Century 21 Associated Professionals, Inc., is the
Debtor's broker.


ADVANCED SOLIDS: Proposed Sale of Equipment Approved
----------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas authorized Advanced Solids Control, LLC's sale of
(i) one centrifuge stand for the cash sales price in the amount of
$1,500 to International Sales, Inc.; and (ii) 10 Centrifuge stands
at the minimum price of $1,000 each to any non-related third
party.

The sales are as is, where is, and free and clear of all liens,
claims and encumbrances.

The proceeds from the sale are to be paid to WTF Rentals, LLC as a
partial payment on its secured claim.

                   About Advanced Solids Control

Advanced Solids Control, LLC, is an oilfield service company
specializing in solids control for land-based oil and gas drilling
operations.  

Advanced Solids sought Chapter 11 protection (Bankr. W.D. Tex. Case
No. 16-52748) on Dec. 2, 2016.  In the petition signed by W. Lynn
Frazier, managing member, the Debtor estimated assets of less than
$50,000 and liabilities of less than $1 million.

William R. Davis, Jr., Esq., at Langley & Banack, Inc., serves as
bankruptcy counsel to the Debtor.  Pena and Grillo PLLC serves as
special counsel to the Debtor.


ADVANCED SOLIDS: Proposes $52K Sale of Assets to Tanner & El Paso
-----------------------------------------------------------------
Advanced Solids Control, LLC, asks the U.S. Bankruptcy Court for
the Western District of Texas to authorize the sale of (i) six 418
Centrifuges, seven VFD panels and 10 Centrifuge stands for the cash
sales price in the amount of $40,000 to Tanner Services, LLC; and
(ii) five sets of loader forks, one loader bucket and one Miller
Bobcat Welding Machine for the cash sales price in the amount of
$12,000 to El Paso Crushers.

The total sales price in the amount of $52,000 for the items set
forth approximates the market value of the items proposed to be
sold.  The sales are as is, where is, and free and clear of all
liens, claims and encumbrances.

Tanner Services has previously purchased equipment from the Debtor
pursuant to Court approved sales.  El Paso Crushers is owned by
Juan Haro, who is the proposed purchaser of the Debtor's yard
located at 416 Tidwell Rd., Carlsbad, New Mexico pursuant to a
Motion For Authorization to Sell Real Property Free and Clear of
All Liens, Claims and Encumbrances, which Motion is set for hearing
on Feb. 7, 2018.

All items proposed to be sold are pledged as collateral to WTF
Rentals, LLC.  WTF Rentals filed its secured Proof of Claim No. 26
in the amount of $3,263,549 on April 10, 2017, with the appropriate
security documents supporting its secured claim attached to the
Proof of Claim.  The amount owing to WTF Rentals has been reduced
significantly during the case.

The Debtor believes that the proposed sale of the equipment set
forth generates a reasonable value based upon the assets proposed
to be sold and their marketability.  It has been marketing the
equipment to a number of parties, several of whom toured the
equipment at its yard in New Mexico.  The Debtor received several
low ball offers which it declined.  An appraisal of the equipment
was performed for WTF Rentals which supports the proposed sales
price set forth herein.  Much of the equipment needs
repairs/refurbishment to bring it into working condition.

The proceeds from the sale are to be paid to WTF Rentals, LLC as a
partial payment on its secured claim.

                   About Advanced Solids Control

Advanced Solids Control, LLC, is an oilfield service company
specializing in solids control for land-based oil and gas drilling
operations.  

Advanced Solids sought Chapter 11 protection (Bankr. W.D. Tex. Case
No. 16-52748) on Dec. 2, 2016.  In the petition signed by W. Lynn
Frazier, managing member, the Debtor estimated assets of less than
$50,000 and liabilities of less than $1 million.

William R. Davis, Jr., Esq., at Langley & Banack, Inc., serves as
bankruptcy counsel to the Debtor.  Pena and Grillo PLLC serves as
special counsel to the Debtor.


ADVANTAGE SALES: S&P Affirms B Corp. Credit Rating, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on
Irvine, Calif.-based Advantage Sales & Marketing Inc. The outlook
is stable.

S&P said, "At the same time, we affirmed our 'B' issue-level rating
on the $200 million revolving credit facility expiring in 2021 and
$2.6 billion first-lien term loan (including the proposed $350
million add-on) maturing in 2021. The '3' recovery rating reflects
our expectation for meaningful (50%-70%; rounded estimate: 65%)
recovery in the event of a payment default. We also affirmed our
'CCC+' rating on the second-lien debt maturing in 2021. The '6'
recovery rating reflects our expectation for negligible (0%-10%;
rounded estimate: 0%) recovery in the event of a payment default."


All the ratings were removed from CreditWatch, where they were
placed with positive implications on May 8, 2017. Pro forma for the
transaction, S&P expects the company will have about $3.3 billion
in total reported debt outstanding.

Rationale

S&P said, "The rating affirmation reflects our view of reduced
likelihood that Advantage's indirect parent-entity (Advantage
Solutions Inc.) will transact an IPO at least over the near term,
which we previously thought would result in less aggressive
financial policies as a public company and immediate credit ratio
improvement. We now assume, absent an IPO, that Advantage will
continue its aggressive financial policies after the Daymon
acquisition, including adjusted leverage sustained at or above 6x,
largely due to continued acquisition activity. We assume the
company will achieve synergies from the Daymon acquisition and use
free cash flow generation to partially fund bolt-on acquisitions."
This would result in adjusted debt to EBITDA improving to the
low-6x area at the end of 2018, compared to the mid-6x area pro
forma for the transaction. This is despite tougher conditions in
the sector, including more aggressive pricing by competitors and
customers."

Outlook

The stable rating outlook reflects S&P's expectation that Advantage
will continue to generate ample free cash flow which will be used
primarily to make acquisitions, but that credit measures will
remain weak under the company's financial sponsor ownership,
including adjusted debt to EBITDA in the low-6x area over the next
12 months.

Upside scenario

S&P said, "We could raise our ratings if the company completes its
IPO, uses proceeds to pay down debt, and adopts a more conservative
financial policy. We could also raise our ratings if we gain more
confidence that the company will adopt less aggressive financial
policies and commit to sustaining financial leverage around 5x. An
upgrade is also predicated on the company's ability to generate
positive organic growth and annual free cash flow above $150
million. We estimate that EBITDA growth of about 30% or debt
reduction of about $800 million is necessary for debt to EBITDA to
reach 5x."

Downside scenario

S&P said, "We could lower our ratings if there is a significant
drop in free cash flow or the company pursues shareholder-friendly
initiatives or debt-financed acquisitions such that adjusted debt
to EBITDA is above 8x. This could happen if industry headwinds
worsen or there are significant missteps integrating Daymon,
potentially due to cultural differences. We could also lower the
rating if Advantage experiences significant customer losses from
continued consolidation of consumer product companies or price
reduction due to heightened pressure from competitors or
customers."


AKC ENTERPRISES: Hires Carmody MacDonald as Counsel
---------------------------------------------------
AKC Enterprises, Inc., seeks authority from the U.S. Bankruptcy
Court for the Eastern District of Missouri to employ Carmody
MacDonald P.C., as counsel to the Debtor.

AKC Enterprises requires Carmody MacDonald to:

   a. advise the Debtor with respect to its rights, power and
      duties in the bankruptcy case;

   b. assist and advise the Debtor in its consultations with any
      appointed committee relative to the administration of the
      bankruptcy case;

   c. assist the Debtor in analyzing the claims of creditors and
      negotiate with such creditors;

   d. assist the Debtor with investigation of the assets,
      liabilities and financial condition of the Debtor and
      reorganize the Debtor's business in order to maximize the
      value of the Debtor's assets for the benefit of all
      creditors;

   e. advise the Debtor in connection with the sale of assets or
      business;

   f. assist the Debtor in its analysis of and negotiation with
      any appointed committee or any third party concerning
      matters related to, among other things, the terms of a plan
      of reorganization;

   g. assist and advise the Debtor with respect to any
      communications with the general creditor body regarding
      significant matters in the bankruptcy case;

   h. commence and prosecute necessary and appropriate actions
      and proceedings on behalf of the Debtor;

   i. review, analyze or prepare, on behalf of Debtor, all
      necessary applications, motions, answers, orders, reports,
      schedules, pleadings and other documents;

   j. represent the Debtor at all hearings and other proceedings;

   k. confer with other professional advisors retained by the
      Debtor in providing advice to the Debtor;

   l. perform all other necessary legal services in this case as
      may be requested by the Debtor in the Chapter 11
      proceeding; and

   m. assist and advise the Debtor regarding pending arbitration
      and litigation matters in which the Debtor may be involved,
      including continued prosecution or defense of actions
      and negotiations on the Debtor's behalf.

Carmody MacDonald will be paid at these hourly rates:

         Partners           $295 to $385
         Associates         $240 to $275
         Paralegals         $145 to $195

As of Jan. 27, 2018, Carmody MacDonald has been paid the sum of
$1,485 for services performed prior to the Petition Date.  The Firm
is currently holding the sum of $2,732 as a retainer.

Carmody MacDonald will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Thomas H. Riske, partner of Carmody MacDonald P.C., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Carmody MacDonald can be reached at:

     Thomas H. Riske, Esq.
     CARMODY MACDONALD P.C.
     120 S. Central Avenue, Suite 1800
     St. Louis, Missouri 63105
     Tel: (314) 854-8600
     Fax: (314) 854-8660
     E-mail: thr@carmodymacdonald.com

                      About AKC Enterprises

AKC Enterprises, Inc., doing business as Little Hills Winery, doing
business as Little Hills Restaurant, doing business as Little Hills
Wine Shop, is a locally owned and operated wine producer in Saint
Charles, Missouri.  Its wines are made from French/American
Hybrids, German/American Hybrids and Native Missouri Grapes. The
Company harvests grapes purchased from Missouri Grape Growers and
some Illinois Grape Growers.  It also produces its fruit wines from
fruit purchased from local suppliers.  The company now produces 16
to 18 wines depending on the time of year, designated and paired
with its menu served at its restaurant.  The Restaurant offers
banquets, catering, and delivery (Grubgo.com) services.  The
Restaurant accommodates 300 persons on its terraces and 100 inside
its building. The company's Little Hills Wine Shop is located at
710 S. Main Street, just two blocks South of the Restaurant. The
Shop features Little Hills Wines and many other Missouri Made
Wines. https://www.littlehillswinery.com/

AKC Enterprises, Inc., based in Saint Charles, MO, filed a Chapter
11 petition (Bankr. E.D. Mo. Case No. 18-40472) on January 29,
2018. Thomas H. Riske, Esq., at Carmody MacDonald P.C., serves as
bankruptcy counsel.

In its petition, the Debtor estimated $1.20 million in assets and
$1.57 million in liabilities. The petition was signed by David
Campbell, president.



ALL TERRAIN: Taps Crandall Wiscombe as Accountant
-------------------------------------------------
All Terrain LLC seeks approval from the U.S. Bankruptcy Court for
the District of Idaho to hire Crandall, Wiscombe, Morris & Snarr,
PLLC, as its accountant.

The firm will assist the Debtor in the preparation of its monthly
operating reports and tax returns; establish a bookkeeping system;
prepare budgets and projections to be included in its bankruptcy
plan; and provide other accounting services related to its Chapter
11 case.

Bryan Snarr, a certified public accountant employed with Crandall,
will charge $180 per hour for tax preparation and $110 per hour for
accounting services.

Mr. Snarr disclosed in a court filing that he does not hold or
represent any interest adverse to the Debtor or its estate.

Crandall can be reached through:

     Bryan Snarr
     Crandall, Wiscombe, Morris & Snarr, PLLC
     3456 East 17th Street, Suite 140
     Idaho Falls, ID 83406
     Phone: (208) 522-0093
     E-mail: bryans@snarrcpa.com

                       About All Terrain

Headquartered in Saint Anthony, Idaho, All Terrain LLC provides
home moving services. The company's moving services include crane
and rigging, historic preservation, residential moving, doublewide
moving, and commercial moving.  It is affiliated with Hathaway
Homes Group LLC, a dealer of recreational vehicle and manufactured
homes in South East Idaho.  Hathaway Homes sought bankruptcy
protection on Nov. 10, 2017 (Bankr. D. Id. Case No. 17-40992).

All Terrain sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Idaho Case No. 17-40999) on Nov. 13, 2017.  In the
petition signed by Paul J. Hathaway, member and manager, the Debtor
estimated assets of less than $50,000 and liabilities of $1 million
to $10 million.  Judge Jim D. Pappas presides over the case.
Kohler Law Office is the Debtor's bankruptcy counsel.


ALTADENA LINCOLN: Court Terminates Exclusivity Periods
------------------------------------------------------
The Hon. Sheri Bluebond of the U.S. Bankruptcy Court for the
Central District of California has entered an order terminating
Altadena Lincoln Crossing LLC's exclusivity periods for reasons and
on grounds stated on the record at the hearing.

As reported by the Troubled Company Reporter on January 9, 2018,
the Debtor sought for a 120-day extension of the exclusivity period
to solicit acceptances of its plan of reorganization and any
amendments thereto, to June 1, 2018.

The Debtor said that it will be filing a Third Amended Disclosure
Statement to address the issues identified at the hearing on
November 29, 2017, with respect to the second amended disclosure
statement.

The Debtor asserted that, while this case is not particularly large
in size, its case is complex in that there are claims against East
West Bank with respect to what the Debtor contends is an illegal
$12 million default interest penalty and potential complex lender
liability claims against the bank. The Debtor said that resolution
of a default interest dispute and the consequent reduction in the
claim held by East West Bank is a precondition of the Debtor's
plan, as currently proposed.

As such, the Debtor said (a) the mediation with East West Bank for
resolution of the claim objections and for settlement all
outstanding issues, which is scheduled for January 18, 2018; and
(b) the hearing on the Debtor's objections to East West Bank's
claims, which is continued to March 14, 2018, favors extending the
Debtor's exclusivity periods.


                About Altadena Lincoln Crossing LLC

Headquartered in Pasadena, California, Altadena Lincoln Crossing
LLC, a Delaware limited liability company, filed for Chapter 11
bankruptcy protection (Bankr. C.D. Cal. Case No. 17-14276) on April
7, 2017, estimating its assets and liabilities at between $10
million and $50 million each. The petition was signed by Greg
Galletly, its manager.

The Debtor is an affiliate of BGM Pasadena, LLC, which sought
bankruptcy protection (Bankr. C.D. Cal. Case No. 15-27833) on Nov.
20, 2015.

Judge Julia W. Brand presides over Altadena's case.  James A.
Tiemstra, Esq., at Tiemstra Law Group PC serves as the Debtor's
bankruptcy counsel.  Gregory M. Salvatao Esq. at Salvato Law
Offices serves as the Debtor's general bankruptcy and litigation
counsel.  Coldwell Banker Commercial North Country serves as the
Debtor's real estate broker.


AMC ENTERTAINMENT: Moody's Lowers CFR to B2; Outlook Stable
-----------------------------------------------------------
Moody's Investors Service downgraded AMC Entertainment Holdings,
Inc.'s Corporate Family Rating (CFR) to B2, from B1 under review
and its probability of default rating to B2-PD, from B1-PD under
review. Additionally, AMC's senior secured bank credit facilities
were downgraded to Ba2, from Ba1 under review and the senior
subordinate notes were downgraded to B3, from B2 under review. The
Ba1 senior secured notes at Carmike Cinemas, Inc. (Carmike) were
also downgraded to Ba2, from Ba1 under review. The rating outlook
was changed to stable, from under review. Liquidity remains good,
at SGL-2 despite the sale of assets and fall in equity value of the
company which has reduced alternate sources of potential
liquidity.

This action follows AMC's worse than expected results during 2017,
with consecutive and material downward revisions to guidance
including projected revenue and EBITDA. In 2017, the North American
box office was down by approximately 2.7%, with a more than 6%
decline ticket sales -- the worst turnout since 2005. Moody's
believe AMC was particularly challenged by a weak slate that
produced less films by some major studios and an unfavorable mix
with fewer family oriented/PG rated films which generally perform
well in the Carmike circuit. As a result, Moody's estimate of
revenue and EBITDA will be lower than previously expected with
leverage (Moody's adjusted pro forma debt/EBITDA) projected to be
approximately 6.2x for the year ended 2017, well above Moody's
current 5.25x tolerance for the B1 rating. While Moody's expect
2018/2019 box office results to improve and for management to
execute its integration plans, yielding some potential for
deleveraging (more likely in 2019), Moody's don't believe organic
growth or the sale of assets will be sufficient to reverse the
current risk profile of the company.

This rating action concludes the review for downgrade initiated on
November 8, 2017.

Downgrades:

Issuer: AMC Entertainment Holdings, Inc.

-- Probability of Default Rating, Downgraded to B2-PD from B1-PD

-- Corporate Family Rating, Downgraded to B2 from B1

-- Senior Subordinated Regular Bond/Debenture, Downgraded to B3
    (LGD 4) from B2 (LGD 5)

-- Senior Secured Bank Credit Facility, Downgraded to Ba2 (LGD 2)

    from Ba1 (LGD 2)

Issuer: AMC Entertainment Inc.

-- Senior Subordinated Regular Bond/Debenture, Downgraded to B3
    (LGD 4) from B2 (LGD 5)

-- Senior Secured Bank Credit Facility, Downgraded to Ba2 (LGD 2)

    from Ba1 (LGD 2)

Issuer: Carmike Cinemas, Inc.

-- Senior Secured Regular Bond/Debenture, Downgraded to Ba2 (LGD
    2) from Ba1 (LGD 2)

Outlook Actions:

Issuer: AMC Entertainment Holdings, Inc.

-- Outlook, Changed To Stable From Rating Under Review

Issuer: Carmike Cinemas, Inc.

-- Outlook, Changed To Stable From Rating Under Review

RATINGS RATIONALE

AMC's B2 CFR incorporates high leverage that will remain in the low
6x range (Moody's adjusted, pro forma for the acquisitions of
Carmike, Odeon, and Nordic) over the next 12-18 months. Interest
expense, coupled with the burden of a capital intensive business
that requires near 8% of revenues to be reinvested in CAPEX
(adjusted, net of landlord contributions), absorbs almost all cash
EBITDA - reducing free cash flow conversion to approximately -2%.
The company is also challenged by a mature and unpredictable US box
office, contributing close to 70% of the company's pro forma
revenues. The company is also exposed to emerging competitive
threats from new entrants aggressively searching for ways disrupt
the industry including delivering movies sooner / shortening the
theatrical distribution window, streaming movies direct to the
consumer, and attracting moviegoers to alternate subscription
services. AMC's dependence on a concentrated, and smaller number of
large movie studios that are captive to the theatre operators is
also a concerning factor as these companies are under pressure and
searching for ways to remain relevant and profitable in an evolving
ecosystem.

Despite these challenges, the company is the largest operator in
the world, with operations that extend into Europe and the Nordics.
The diversity helps spread geographic risks, reducing the direct
impact of negative trends in a particular region. Its new
international markets have better demand characteristics than the
US which was evident in 2017 with the UK box office posting low
single digit growth. In addition to size and scale, the company
benefits from barriers to entry into the first-run window for
theatrical distribution, a strong value proposition and an
experience that is hard to replicate in-home. In addition, the
company maintains pricing power, stable margins, the dominant
market share in the US, Europe, and Nordics. Liquidity also remains
good.

Moody's will consider a downgrade if Moody's believe leverage will
be sustained above 6.75x (Moody's adjusted debt/EBITDA), or expect
free cash flow to debt (Moody's adjusted) to drop below -2.5%, on a
sustained basis. A negative rating action will also be considered
if Moody's believe there is or will be a material decline in
liquidity, attendance, margins, market share, or scale and
diversity. Moody's would also consider a downgrade if there were
material and negative changes in competition, financial policy,
capital structure, or the business model such that credit risk rose
meaningfully.

The industry is mature and there are limited opportunities for
growth in the US, the company's primary market. There is also a
secular decline in attendance and rise in competitive threats.
However, Moody's would consider an upgrade if: leverage were
sustained below 5.5x (Moody's adjusted debt/EBITDA), and free cash
flow to debt (Moody's adjusted) rose above 2.5% (Moody's adjusted),
on a sustained basis. A positive rating action would also be
conditional on one or more of the following factors: sustained
positive growth in US box office attendance, significantly improved
scale, greater market share, better margins, or more liquidity that
translates into an improved credit profile. There would also need
to be a low probability of near term event risks or material and
unfavorable changes in competition, financial policy, capital
structure, and the business model.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.

AMC, 58% owned by Dalian Wanda Group Co., Ltd. (Wanda), with its
headquarters in Leawood, Kansas, operates over 1,006 theaters with
11,046 screens across the United States and Europe, as of the
quarter ended September 30, 2017. Annual pro forma revenue is over
$5 billion (including the acquisitions of Carmike, Odeon, and
Nordic).


AMRIT FREIGHT: Resolves Secured Creditors' Valuation Issues
-----------------------------------------------------------
Amrit Freight Transport, Inc., filed with the U.S. Bankruptcy Court
for the Southern District of Indiana an amended disclosure
statement regarding its plan of reorganization.

On Nov. 30, 2017, the Debtor filed its Disclosure Statement. On
Jan. 4, 2018, a hearing was held on the Disclosure Statement and
objections were filed by creditors and the United States Trustee.
In open court, the Debtor acknowledged the validity of the
objections and agreed to file an Amended Disclosure Statement in
resolution of the objections, including, but not limited to how the
Debtor valued its assets as well as how the Debtor's principal will
benefit by the Debtor's payment of the principal's direct
obligations to BMO Harris Bank under the plan.

The Debtor acknowledges it has valuation issues with various
secured creditors, and certain creditors have already filed
objections to confirmation of the Debtor's plan of reorganization.
The Debtor anticipates additional parties filing objections to
confirmation of its plan of reorganization based on the issue of
valuation. The Debtor is confident it will be able to resolve any
objection and submits that such resolutions could substantially
change the payment terms under the plan. The Debtor submits that
the Debtor's plan will remain feasible in light of any payment
changes. The Debtor and BMO Harris Bank, as well as the Debtor and
Santander Bank, N.A., have agreed to terms in principle that will
resolve BMO's and Santander's objections to confirmation. The
parties anticipate filing modifications to the plan in the near
future that include the terms.

The Debtor will receive the full benefit of the payments the Debtor
makes to BMO regarding the BMO-Jatinder Singh collateral. Singh
will assign his ownership in the BMO-Singh collateral, subject to
the liens of BMO, to the Debtor upon confirmation.

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

     http://bankrupt.com/misc/insb17-05924-11-139.pdf

             About Amrit Freight Transport, Inc.

Amrit Freight Transport Inc is a licensed and bonded freight
shipping and trucking company running freight hauling business from
Indiana.  

Amrit Freight Transport, Inc., based in Indianapolis, IN, filed a
Chapter 11 petition (Bankr. S.D. Ind. Case No. 17-05924) on August
8, 2017.  The Hon. Robyn L. Moberly presides over the case. David
R. Krebs, Esq., at Hester Baker Krebs LLC, serves as bankruptcy
counsel.  In its petition, the Debtor estimated $1 million to $10
million in both assets and liabilities. The petition was signed by
Jatinder Singh, president.


APEX TOOL: Moody's Affirms B3 CFR; Outlook Remains Stable
---------------------------------------------------------
Moody's Investors Service affirmed Apex Tool Group, LLC.'s
Corporate Family Rating at B3 and the Probability of Default Rating
at B3-PD, and assigned a Caa1 rating to the proposed $325 million
senior unsecured notes due 2023. At the same time, Moody's assigned
the company's first lien senior secured credit facilities,
consisting of $175 million revolver due, by recent extension, in
2021 and $914 million term loan (including $125 million add-on)
due, also by recent extension, in 2022, at B2. The ratings of the
existing $450 million senior unsecured notes due 2021 remain
unchanged at Caa1, and will be withdrawn upon the closing of the
proposed $325 million unsecured notes. The rating outlook is
stable.

On February 7, 2018, Apex announced that it would issue $325
million senior unsecured notes due 2023, upsize the senior secured
term loan B (TLB) by $125 million and extend the TLB maturity to
2022. Apex also will extend its senior secured revolver's maturity
to 2021. The proceeds from the notes and TLB upsize will be used to
redeem the company's existing $450 million senior unsecured notes
due 2021.

The following rating actions have been taken:

Corporate Family Rating, affirmed at B3;

Probability of Default Rating, affirmed at B3-PD;

$325 million senior unsecured notes due 2023, assigned at Caa1,
LGD5;

$914 million senior secured term loan facility due 2022, assigned
B2, LGD3;

$175 million senior secured revolving credit facility 2021 assigned
B2, LGD3

$450 million senior unsecured notes due 2021, unchanged at Caa1,
LGD4, to be withdrawn upon closing of the new $325 million senior
secured notes due 2023;

The rating outlook is stable.

RATINGS RATIONALE

The B3 Corporate Family Rating (CFR) reflects Apex's solid market
positions within its hand and power tool business segments, breadth
of product offerings and strong brands, its global reach, extensive
operational footprint and distribution channels, and diversity of
customers and industries served. The B3 CFR also considers the
company's high adjusted debt-to-EBITDA and adjusted
debt-to-capitalization leverage, negative equity base, highly
competitive industry, and exposure to cyclical end markets. Moody's
expect 2018 to be a year of flat revenue and earnings growth as the
Sear's Craftsman business diminishes and Apex replaces those
earnings with growth from its proprietary brands, Home Depot and
other private label business. Beyond 2018, Apex should be able to
expand its profitability through a combination of higher sales,
continued operational improvements, international market share
gains, and the elimination of low-margin brands.

The company has adequate liquidity supported by a cash balance of
$65 million at September 29, 2017, a $175 million senior secured
revolving credit facility, cash flow from operations and lack of
significant debt maturities until 2021, when its revolving credit
facility expires. The company's liquidity is constrained by
seasonal working capital needs. At September 29, 2017, the company
had approximately $73 million of remaining revolver availability.
The ratings incorporate Moody's expectation that Apex will have
reasonable room under its 2018 5.25x senior secured net leverage
covenant in the credit agreement. This covenant is operative only
if revolver outstanding balance exceeds $35 million, which Moody's
expect at times. Apex was in compliance with its senior secured net
leverage covenant at September 29, 2017. The maximum senior secured
leverage ratio declines to 4.75x in 2019, 4.5x in 2020, and 4.24x
thereafter.

The stable outlook reflects Moody's expectation that revenues and
earnings will remain flat in 2018 and grow modestly in 2019.
Moody's stable outlook also reflects that adjusted debt-to-EBITDA
will decline closer to 7.0x, adjusted EBITA margin will exceed 10%
and EBITA-to-interest coverage will approach 2.0x over the next
12-18 months.

Moody's indicated that a rating upgrade would be predicated upon
adjusted debt leverage approaching 6.0x and EBITA-to-interest
coverage above 2.0X, both on a sustainable basis, driven by
earnings growth and margin expansion.

Downward pressure on the rating could result if, over an extended
period of time, the company's adjusted debt-to-EBITDA remains above
7.0x, adjusted debt-to-capitalization remains above 75%, or
EBITA-to interest coverage falls below 1.5x. A rating downgrade
could also occur if liquidity weakens significantly.

The principal methodology used in these ratings was Global
Manufacturing Companies published in June 2017.

Apex Tool Group, LLC, headquartered in Sparks, MD, is a global
manufacturer and supplier of hand and power tools for industrial,
commercial, and do-it-yourself customers. Apex was established as a
joint venture between Danaher Tool Group and Cooper Industries'
Cooper Tools in July 2010. On February 1, 2013, the company was
acquired by the private equity sponsor, Bain Capital Partners LLC,
for $1.55 billion. Apex designs, manufactures, markets and sells
proprietary brands, and it also designs and manufactures private
label tool brands for retailers. The company operates two business
segments: Hand Tools (representing approximately 73% of its total
revenue) and Power Tools (representing approximately 27% of total
revenue). The company serves customers in automotive, aerospace,
electronics, hardware, energy, and consumer retail industries. Apex
has operations in North America, Europe, Asia, Australia and Latin
America. For the 12 months ended September 30, 2017, the company
generated about $1.3 billion in revenue.


ASCENT RESOURCES: Moody's Cuts Probability Default Rating to D-PD
-----------------------------------------------------------------
Moody's Investors Service downgraded Ascent Resources -- Marcellus,
LLC's ("ARM") Probability of Default Rating (PDR) to D-PD from
Ca-PD/LD, following the company's announcement on February 6, 2018,
that Ascent Resources Marcellus Holdings, LLC and its wholly owned
subsidiaries, ARM and Ascent Resources Marcellus Minerals, LLC
commenced voluntary chapter 11 cases in the United States
Bankruptcy Court for the District of Delaware to implement a
consensual financial restructuring approved by certain holders of
ARM's first and second lien term loans.

ARM's Ca Corporate Family Rating (CFR), Ca senior secured
first-lien term loan rating and C senior secured second-lien term
loan rating were affirmed.

Downgrades:

Issuer: Ascent Resources -- Marcellus, LLC

-- Probability of Default Rating, Downgraded to D-PD from Ca-
    PD/LD

Affirmations:

Issuer: Ascent Resources -- Marcellus, LLC

-- Corporate Family Rating, Affirmed Ca

-- Senior Secured First Lien Bank Credit Facility, Affirmed Ca
    (LGD3)

-- Senior Secured Second Lien Bank Credit Facility, Affirmed C
    (LGD5)

Outlook Actions:

Issuer: Ascent Resources -- Marcellus, LLC

-- Outlook, Remains Negative

RATINGS RATIONALE

The downgrade of ARM's PDR to D-PD is a result of the commencement
of the voluntary chapter 11 cases. ARM's other ratings have been
affirmed, which reflects Moody's view on the potential overall
family recovery and senior notes recovery.

Shortly following this rating action, Moody's will withdraw all
ratings for the company consistent with Moody's practice for
companies operating under the purview of the bankruptcy courts
wherein information flow typically becomes much more limited.

The principal methodology used in these ratings was Independent
Exploration and Production Industry published in May 2017.

Ascent Resources - Marcellus, LLC is a privately-owned independent
E&P company headquartered in Oklahoma City, Oklahoma. The company's
operations are concentrated in the southern Marcellus Shale in
northern West Virginia.


AVALON MOBILITY: Taps Burris & MacOmber as Special Counsel
----------------------------------------------------------
Avalon Mobility, Inc., received approval from the U.S. Bankruptcy
Court for the District of Arizona to hire Burris & MacOmber, PLLC,
as special counsel.

The firm will represent Avalon in a lawsuit filed by Dean Cameron
against the company and its president Brenda Huffman.  The lawsuit
seeks damages for unpaid wages.

D. Rob Burris, Esq., the attorney who will be providing the
services, will charge an hourly fee of $290.  Other attorneys,
paralegals and legal assistants who may provide services will be
paid between $125 and $350 per hour.  Secretarial time will be
charged at the rate of $65 to $90 per hour.

Mr. Burris disclosed in a court filing that he does not hold or
represent any interest adverse to the Debtor's estate.

Burris & MacOmber can be reached through:

     D. Rob Burris, Esq.
     Burris & MacOmber, PLLC
     2478 E. River Road
     Tucson, AZ 85718
     Phone: 520-775-2000
     Fax: 520-775-2001
     E-mail: info@burrismacomber.com

                     About Avalon Mobility

Avalon Mobility, Inc., d/b/a Desert Sun Moving Services, is a
full-service provider of residential, corporate and international
relocation services in Tucson and Phoenix, Arizona.  The company --
http://www.desertsunmovers.com/-- assists its customers in moving
heavy and light-weight items of all types, including pianos and
antiques; provides the necessary packing and moving supplies and
stores belongings short or long-term.  Desert Sun has been in
business for over 17 years.  

Avalon Mobility filed a Chapter 11 petition (Bank. D. Ariz. Case
No. 18-00503) on Jan. 18, 2018.  In the petition signed by Brenda
Huffman, president, the Debtor estimated $1 million to $10 million
in assets and $100 million to $500 million in liabilities.  Judge
Scott H. Gan is the case judge.  Charles R. Hyde, Esq., of the Law
Offices of C.R. Hyde, PLC, is the Debtor's bankruptcy counsel.


AVANTAIR INC: Virtu Americas Has 8.56% Stake as of Dec. 29
----------------------------------------------------------
In a Schedule 13G/A filed with the Securities and Exchange
Commission, Virtu Americas LLC reported that as of Dec. 29, 2018,
it beneficially owns 3,547,264 shares of common stock of Avantair,
Inc., constituting 8.56% based on outstanding shares as reported on
the OTCMarkets.com website as of Dec. 5, 2017.  A full-text copy of
the regulatory filing is available for free at:

                       https://is.gd/RqVwHI

                        About Avantair Inc.

Headquartered in Clearwater, Fla., Avantair, Inc. (OTC BB: AAIR) --
http://www.avantair.com/-- sells fractional ownership interests
in, and flight hour card usage of, professionally piloted aircraft
for personal and business use, and the management of its aircraft
fleet.  Avantair also operates fixed flight based operations (FBO)
in Camarillo, California and in Caldwell, New Jersey.  Through
these FBOs and its headquarters in Clearwater, Florida, Avantair
provides aircraft maintenance, concierge and other services to its
customers as well as to the Avantair fleet.

For the nine months ended March 31, 2013, the Company incurred a
net loss attributable to common stockholders of $11.56 million on
$113.02 million of total operating revenue, as compared with a net
loss attributable to common stockholders of $5.43 million on
$131.51 million of total operating revenue for the same period a
year ago.

As of March 31, 2013, the Company had $78.25 million in total
assets, $125.11 million in total liabilities, $14.86 million in
series A convertible preferred stock, and a $61.72 million total
stockholders' deficit.

As of March 31, 2013, the Company's recurring net losses resulted
in a working capital deficit of approximately $71.6 million and a
stockholders' deficit of approximately $61.7 million.  In addition
to the cost of acquiring aircraft, the Company's primary expenses
are related to fuel, aircraft repositioning (i.e., moving an
aircraft from one location to another location to accommodate a
program participant's requirements), flight operations and pilot
expenses, maintenance, charters, insurance and selling, general and
administrative expenses.

The Company has incurred recurring losses prior to the current
period, has used significant cash in support of its operating
activities and, based upon current operating levels, requires
additional capital or significant reconfiguration of its operation
to sustain its operations for the foreseeable future.

As reported by the TCR on Aug. 2, 2013, certain creditors of
Avantair filed on July 25, 2013, an involuntary petition in the
United States Bankruptcy Court, Middle District of Florida,
pursuant to Chapter 7 of Title 11 of the United States Code.


AXIS ENERGY: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Axis Energy Partners, LLC
           aka Axis LED Lighting
        3604 Fair Oaks Blvd, Ste. 120
        Sacramento, CA 95864

Type of Business: Axis Energy Partners -- http://axisep.com-- is  
                  a full service value add LED lighting company.  
                  Axis Energy is a direct manufacturer/distributor

                  of selected LED lighting products including
                  bulbs, tubes, wall pack lights, flood lights,
                  area/ shoebox lights, canopy lights, high/low
                  bay, flat panel, troffer, grow lights,
                  exit/emergency lighting, electrical, rope
                  lights,  and tape/stripe light.

Case No.: 18-20689

Chapter 11 Petition Date: February 8, 2018

Court: United States Bankruptcy Court
       Eastern District of California (Sacramento)

Judge: Hon. Christopher D. Jaime

Debtor's Counsel: Stephen M. Reynolds, Esq.
                  REYNOLDS LAW CORPORATION
                  424 2nd St #A
                  Davis, CA 95616
                  Tel: (530) 297-5030

Total Assets: $1.14 million

Total Liabilities: $3.87 million

The petition was signed by Kevin Terry, CFO.

A full-text copy of the petition, along with a list of 20 largest
unsecured creditors, is available for free at:

          http://bankrupt.com/misc/caeb18-20689.pdf


AZURE MIDSTREAM: Bank Debt Trades at 6.33% Off
----------------------------------------------
Participations in a syndicated loan under which Azure Midstream
Energy LLC is a borrower traded in the secondary market at 93.67
cents-on-the-dollar during the week ended Friday, February 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 2.00 percentage points from the
previous week. Azure Midstream Energy LLC pays 550 basis points
above LIBOR to borrow under the $550 million facility.  The bank
loan matures on November 15, 2018. Moody's rates the loan 'Caa2'
and Standard & Poor's gave a 'CCC' rating to the loan. 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 Friday, February 2.


BARTLETT MGMT: $75K Sale Riverside Restaurant Equipment Approved
----------------------------------------------------------------
Judge Mary P. Gorman of the U.S. Bankruptcy Court for the Central
District of Illinois authorized Bartlett Management Services, Inc.
("BMSI") and affiliates to sell BMSI's restaurant equipment located
at its location at 6566 East Riverside, Loves Park, Illinois, to
Istref Sam Sabani for $75,000.

The Amendment is approved and will be effective as of the date of
the Order, and the Debtor will vacate the Real Property promptly
following the closing of the sale of the Riverside real property.

The Net Sale Proceeds will be deposited in the Sale Proceeds
Account.  Upon the Debtor's receipt of the Net Sale Proceeds in
immediately available funds into the Sale Proceeds Account, (a) the
Equipment will be free and clear of all liens, claims and
interests, irrespective of whether HBT or any other party has filed
or recorded an appropriate release with the appropriate filing or
recording authority, and (b) HBT's security interest will attach to
the Net Sale Proceeds to the same extent and with the same priority
as such security interests were perfected against the Equipment
immediately prior to the sale, except that the Post-Sale
Replacement Lien will not attach to the balance of the Net Sale
Proceeds remaining after the payment to HBT of $70,000.

Promptly following the Closing, HBT will file or record an
appropriate release with the appropriate filing or recording
authority, reasonably acceptable to the Debtors, releasing its
security interest in the Equipment.

BMSI may disburse the aforesaid Debtor Proceeds to its DIP
operating account at the DIP Bank at any time following its receipt
thereof.  Within seven calendar days of HBT filing or recording the
HBT Release, BMSI will deliver the HBT Sale Proceeds to HBT.  The
determination of the allocation of such payment as a payment toward
interest or principal is expressly reserved, pending further Order
of the Court.

The Debtor's disbursement of the HBT Sale Proceeds to HBT will not
constitute an admission that HBT's asserted pre-petition liens on
and security interests in substantially all of the Debtors'
property represent valid and perfected first priority liens on or
security interests in such property; and in the event that such
liens or security interests are subsequently successfully
challenged, then, such challenging party may challenge HBT's right
to the HBT Sale Proceeds.

The Order will be immediately effective upon its entry, and the
stay imposed by Rule 6004(h) is waived.

              About Bartlett Management Services

Bartlett Management Services, Inc., Bartlett Management
Indianapolis, Inc., and Bartlett Management Peoria, Inc., won 33
current franchises of KFC Corporation, the franchisor of the
Kentucky Fried Chicken quick-services restaurant chain that
provides a diverse menu of chicken and related side dishes and
desserts.

Bartlett Management Services and its affiliates sought Chapter 11
protection (Bankr. C.D. Ill. Lead Case No. 17-71890) on Dec. 5,
2017.  The Debtors sought joint administration of the cases under
Case No. 17-71890.  

In the petition signed Robert E. Clawson, president, Bartlett
estimated $1 million to $10 million in assets and $10 million to
$50 million in liabilities.

The Hon. Mary P. Gorman presides over the cases.

Jonathan A Backman, Esq., at the Law Office of Jonathan A. Backman,
serves as bankruptcy counsel to the Debtors.  The Debtors also
hired Valenti Florida Management, Inc., as accountant and financial
advisor, Steven A. Nerger of Silverman Consulting, Inc., as chief
restructuring officer.

On Jan. 8, 2018, the Office of the United States Trustee appointed
an Unsecured Creditors' Committee in each of the three cases.  On
Jan. 19, 2018, counsel filed appearances on behalf of all three
Committees.


BEAR FIGUEROA: $2.9M Sale of Los Angeles Property to PI Approved
----------------------------------------------------------------
Judge Vincent P. Zurzolo of the U.S. Bankruptcy Court for the
Central District of California authorized in part and denied in
part Bear Figueroa, LLC's sale of real property located at 10520
South Figueroa St., Los Angeles, California, including security
deposits made by tenants at the Property, furniture and fixtures
located at the Property, and other personal property located
thereon, to PI Properties for $2,935,000.

The sale is free and clear of all liens, claims, and interests.

The deed of trust of The Evergreen Advantage, LLC, holder of the
first deed of trust recorded on July 15, 2016 in the Official
Records of Los Angeles County, bearing Instrument No. 20160831068,
in the payoff amount of $2,377,579, subject to final payoff demand
on the closing date, will be paid from escrow from the sale
proceeds.

The payment of the commissions described in the Memorandum of
Points and Authorities at the close of escrow subject to the
Debtor's objections, if any, are authorized.

The sale of the Property is authorized so long as the lien of The
Evergreen Advantage, LLC and the Los Angeles County Treasurer and
Tax Collector are paid off in full.

The payment of real property taxes, plus interest, owed on the
Property and all usual and customary escrow and closing and
recording costs generally attributable to a seller of real
property, if any, at the close of escrow are authorized.

All holders of the liens and encumbrances, if any, are compelled to
execute any and all documentation that may be required to allow
escrow to close

The 14-day waiting period set forth in Bankruptcy Rule 6004(h) is
waived.

Upon closing of the sale the Buyer, all executory contracts and
leases relating to the Subject Property are not assumed and
assigned to the Buyer.

                        About Bear Figueroa

Headquartered in Culver City, California, Bear Figueroa LLC owns a
property located at 10520 South Figueroa Boulevard, Los Angeles,
California 90003, valued at $2.9 million.  For 2016, it recorded
gross revenue of $265,000 compared to gross revenue of $250,000
during the prior year.

Bear Figueroa filed for Chapter 11 bankruptcy protection (Bankr.
C.D. Cal. Case No. 17-14249) on April 6, 2017, listing $2.9 million
in total assets and $1.93 million in total liabilities.  Denise
Johnson, its managing member, signed the petition.

Judge Vincent P. Zurzolo presides over the case.

Lionel E Giron, Esq., at the Law Offices of Lionel E. Giron, serves
as the Debtor's bankruptcy counsel.

No creditors' committee has been appointed by the U.S. Trustee.


BELK INC: Bank Debt Trades at 14% Off
-------------------------------------
Participations in a syndicated loan under which BELK Inc. is a
borrower traded in the secondary market at 86.00
cents-on-the-dollar during the week ended Friday, February 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.78 percentage points from the
previous week. BELK Inc pays 475 basis points above LIBOR to borrow
under the $1.5 billion facility.  The bank loan matures on December
10, 2022. Moody's rates the loan 'B2' and Standard & Poor's gave a
'B-' rating to the loan. 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 Friday, February 2.


BIOSTAGE INC: Names Digitone Robotics CEO Chen as Board Chairman
----------------------------------------------------------------
Biostage, Inc. has appointed Jason Jing Chen, senior vice president
of business development of Digitone Group, and CEO of its
subsidiary DST Robotics Co Ltd., as Chairman of the Company's Board
of Directors.

Biostage said Mr. Chen is a broadly skilled senior executive with
over 20 years of leadership experience in global commerce and
advancing foreign corporate interests in China.  Mr. Chen joined
Digitone Group in 2014 to provide leadership to optimize company
visibility and interests overseas for corporate branding and
positioning, and is currently CEO of Digitone's DST Robotics
business.  Previously, he worked for Formica, as the general
manager of its Greater China business.  He served as vice
president, Barco Great China and general manager, Security &
Monitoring Division China for Barco, Inc., a global company that
develops networked solutions for the entertainment, enterprise and
healthcare markets.  Prior to joining Barco, Mr. Chen was the
general manager of the China and Hong Kong region for Waters
Corporation where, among other managerial responsibilities, he was
responsible for developing and implementing marketing strategies to
grow the Chinese market. Prior to his time at Waters Corporation,
Mr. Chen held various managerial rolls of increasing importance at
Hilti China.  Mr. Chen began his career as an electrical engineer
at Capital Iron & Steel Co.  He received his MBA from Brigham Young
University and a BS in Electrical engineering from the North China
University of Technology, Beijing, China.

Mr. Chen commented, "I am excited to join the board of Biostage on
behalf of our investment group.  Regenerative medicine is a new
frontier of modern medicine.  Biostage has a very promising
technology platform in regenerative medicine and we are honored to
participate in such a noble mission as developing and delivering
this technology to patients in need, especially children suffering
from esophageal atresia.  I look forward to working closely with
the Biostage team to advance our technology to IND filings and we
will strive for continuous improvement of our corporate governance.
We are also committed to helping Biostage on financing and market
expansion into China, which has half of the new esophageal cancer
patients worldwide every year, by leveraging all our resources.
During DST's investment due diligence process with Biostage, we
were particularly impressed by the open and transparent manner the
company had with us.  We will continue to promote an open and
transparent culture inside the company and also in the
communications with all stakeholders, particularly our
shareholders.  We also thank the company's shareholders for their
loyalty and strongly encourage them to take a long-term view of
this company and stay with us.  We firmly believe that Biostage
will be successful in both the U.S. and China markets.  We are
looking forward to the opportunities to maximize our shareholders'
value through our strategic positioning, expertise, teamwork and
dedication."

Biostage also announced that On Feb. 1, 2018, John F. Kennedy
resigned as chairman and member of the Board of Directors.  Mr.
Kennedy said, "I believe this is the right moment in Biostage's
development to allow another person with a different set of skills
and experience to bring leadership to Biostage.  I wish nothing but
future success to the company."

On Feb. 6, 2018, the Board appointed John Canepa, who is currently
a member of the Audit Committee of the Board, to serve as the
Chairman of the Audit Committee to fill the vacancy created as a
result of Mr. Kennedy's resignation.

Jim McGorry, Biostage's chief executive officer, commented, "I and
the other members of the company's Board are pleased to welcome
Jason as the new Chairman.  His robust business experience,
particularly in Asia, will be invaluable as Biostage develops our
plans to provide solutions to a region with the world's highest
incidence of esophageal cancer."  Mr. McGorry continued, "I would
also like to thank John Kennedy for his years of service to
Biostage. John has been a trusted friend and leader.  John's steady
and practical leadership has steered Biostage to this exciting
moment."

                       Upcoming Business Update

On Tuesday, Feb. 13th 2018 at 9:00 AM ET, Biostage will host a
conference call with a live audio webcast to provide a business
update.  Updates will be provided by CEO Jim McGorry and Biostage's
Scientific Advisory Board.

To participate in the call, please dial (877) 407-8293 (domestic)
or (201) 689-8349 (international).  The live webcast will be
accessible on the Events page of the Investors section on the
Company's Web site at www.biostage.com, and will be archived for 60
days.  An audio webcast will be available for one week following
the call and can be accessed during that period by dialing (877)
660-6853 (domestic) or (201) 612-7415 (international) with
Conference ID #: 13676470.

                         About Biostage

Headquartered in Holliston, Massachusetts, Biostage, Inc., formerly
Harvard Apparatus Regenerative Technology, Inc. --
http://www.biostage.com/-- is a biotechnology company developing
bio-engineered organ implants based on the Company's new Cellframe
technology which combines a proprietary biocompatible scaffold with
a patient's own stem cells to create Cellspan organ implants.
Cellspan implants are being developed to treat life-threatening
conditions of the esophagus, bronchus or trachea with the hope of
dramatically improving the treatment paradigm for patients.  Based
on its pre-clinical data, Biostage has selected life-threatening
conditions of the esophagus as the initial clinical application of
its technology.  

Biostage reported a net loss of $11.57 million for the year ended
Dec. 31, 2016, compared to a net loss of $11.70 million for the
year ended Dec. 31, 2015.  The Company's balance sheet as of Sept.
30, 2017, showed $2.55 million in total assets, $2.07 million in
total liabilities and $477,000 in total stockholders' equity.

KPMG LLP, in Cambridge, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has suffered recurring
losses from operations and will require additional financing to
fund future operations which raise substantial doubt about its
ability to continue as a going concern.


BLINK CHARGING: Files Amendment 10 to 4.6 Million Units Prospectus
------------------------------------------------------------------
Blink Charging Co. has filed with the Securities and Exchange
Commission a further amendment to its Form S-1 registration
statement relating to a firm commitment public offering of
4,600,000 units, each unit consisting of one share of its common
stock, $0.001 par value per share, and one warrant to purchase one
share of Common Stock, of Blink Charging Co. (formerly known as
"Car Charging Group, Inc."), based on the last reported price of
the Common Stock as reported on the OTC Pink Current Information
Marketplace on Jan. 11, 2018, which was $5.00 per share.  The
warrants included within the units are exercisable immediately,
have an exercise price of $___ per share, 150% of the public
offering price of one unit, and expire five years from the date of
issuance.

The units will not be issued or certificated.  Purchasers will
receive only shares of Common Stock and warrants.  The shares of
Common Stock and warrants may be transferred separately,
immediately upon issuance.  The offering also includes the shares
of Common Stock issuable from time to time upon exercise of the
warrants.

The Company's Common Stock is presently quoted on the OTC Pink
Current Information Marketplace under the symbol "CCGI".  The last
reported sales price for the Company's Common Stock as reported on
the OTC Pink Current Information Marketplace on Feb. 6, 2018 was
$8.99.  The Company has applied to have its Common Stock and
warrants listed on The NASDAQ Capital Market under the symbols
"BLNK" and "BLNKW," respectively, which listing we expect to occur
upon consummation of this offering and is a condition of this
offering.  No assurance can be given that its application will be
approved.  There is no established public trading market for the
warrants.  No assurance can be given that a trading market will
develop for the warrants.

The Company has granted a 45-day option to the representative of
the underwriters to purchase up to an aggregate of 690,000
additional shares of Common Stock and/or warrants to purchase up to
690,000 additional shares of Common Stock (equal to 15% of the
Common Stock and warrants underlying the units sold in the
offering) in any combination thereof, at the public offering price
per share and per warrant, respectively, less underwriting discount
and commission, solely to cover over-allotments, if any.

A full-text copy of the amended prospectus is available for free at
https://is.gd/jzz54T

                     About Blink Charging Co.

Based in Miami Beach, Florida, Blink Charging Co. (OTC: CCGID),
formerly known as Car Charging Group, Inc. --
http://www.CarCharging.com/, http://www.BlinkNetwork.com/and
http://www.BlinkHQ.com/-- is a national manufacturer of public
electric vehicle (EV) charging equipment, enabling EV drivers to
easily charge at locations throughout the United States.
Headquartered in Florida with offices in Arizona and California,
Blink Charging's business is designed to accelerate EV adoption.
Blink Charging offers EV charging equipment and connectivity to the
Blink Network, a cloud-based software that operates, manages, and
tracks the Blink EV charging stations and all the associated data.
Blink Charging also has strategic property partners across multiple
business sectors including multifamily residential and commercial
properties, airports, colleges, municipalities, parking garages,
shopping malls, retail parking, schools, and workplaces.

The Company's name change to Blink Charging from Car Charging
Group, Inc., integrates the Company's largest operating entity,
Blink Network, and represents the thousands of Blink EV charging
stations that the Company owns and/or operates, and the Blink
network, the software that manages, monitors, and tracks the Blink
EV stations and all its charging data.

Car Charging reported a net loss attributable to common
shareholders of $9.16 million for the year ended Dec. 31, 2016,
compared with a net loss attributable to common shareholders of
$9.58 million for the year ended Dec. 31, 2015.  As of Sept. 30,
2017, Blink Charging had $1.90 million in total assets, $67.79
million in total liabilities, $825,000 in series B convertible
preferred stock, and a $66.71 million total stockholders'
deficiency.

Marcum 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 net losses since
inception and needs to raise additional funds to meet its
obligations and sustain its operations.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.



BLUE DIAMOND: Hires Sheehan & Nugent as Attorney
------------------------------------------------
Blue Diamond, LLC, seeks authority from the U.S. Bankruptcy Court
for the Northern District of West Virginia to employ Sheehan &
Nugent, P.L.L.C., as attorney to the Debtor.

Blue Diamond requires Sheehan & Nugent to:

   a. assist in, among other things, the administration of its
      Estate and to represent the Debtor-in-Possession on
      matters involving legal issues that are present or are
      likely to arise in the case;

   b. prepare any legal documentation on behalf of the Debtor-in-
      Possession;

   c. review reports for legal sufficiency; and

   d. furnish information on legal matters regarding legal
      actions and consequences and for all necessary legal
      services connected with Chapter 11 proceedings including
      the prosecution and defense of any adversary proceedings.

Sheehan & Nugent will be paid at the hourly rate of $400. Sheehan &
Nugent will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Martin P. Sheehan, partner at Sheehan & Nugent, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Sheehan & Nugent can be reached at:

         Martin P. Sheehan, Esq.
         SHEEHAN & NUGENT, P.L.L.C.
         41 Fifteenth Street
         Wheeling WV 26003
         Tel: (304) 232-1064
         Fax: (304) 232-1066

                      About Blue Diamond

Blue Diamond LLC, based in Martinsburg, WV, filed a Chapter 11
petition (Bankr. N.D. W.Va. Case No. 17-01234) on Dec. 20, 2017.
In the petition signed by James Hutzler, Jr., member/manager, the
Debtor estimated $10 million to $50 million in assets and $1
million to $10 million in liabilities.  The Hon. Patrick M. Flatley
presides over the case.  Martin P. Sheehan, Esq., at Sheehan &
Nugent, PLLC, serves as bankruptcy counsel to the Debtor.  Brewer &
Giggenbach, PLLC, is the special counsel.


BLUE DIAMOND: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Blue Diamond LLC as of Feb. 9,
according to a court docket.

                      About Blue Diamond

Blue Diamond LLC, based in Martinsburg, WV, filed a Chapter 11
petition (Bankr. N.D. W.Va. Case No. 17-01234) on Dec. 20, 2017.
In the petition signed by James Hutzler, Jr., member/manager, the
Debtor estimated $10 million to $50 million in assets and $1
million to $10 million in liabilities.  The Hon. Patrick M. Flatley
presides over the case.  Martin P. Sheehan, Esq., at Sheehan &
Nugent, PLLC, serves as bankruptcy counsel.

William C.Brewer, Esq., at Brewer & Giggenbach, PLLC, serves as the
Debtor's special counsel.


BLUE RIDGE: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Blue Ridge Arsenal, Inc.
        14725 K Flint Lee Road
        Chantilly, VA 20151

Business Description: Blue Ridge Arsenal, Inc., based in
                      Chantilly, Virginia, owns a full line
                      shooting sports store and range facility.
                      Blue Ridge is open seven days a week and can
                      accommodate group activities or classes with
                      advance notice.  Its requirements to use the
                      range are that all shooters must be 21 years
                      of age or accompanied by someone who is; be
                      or be with someone who is familiar with the
                      firearms being used and an experienced
                      shooter; and, upon entering the range have
                      either their own or rented ear and eye
                      protection.  Blue Ridge is an affiliate of
                      Blue Ridge Arsenal at Winding Brook LLC,
                      which sought bankruptcy protection on
                      Sept. 18, 2017 (Bankr. E.D. Va. Case No. 17-
                      13138).  The Company was founded in 1989
                      and maintains a Web site at:
                      http://www.blueridgearsenal.com

Chapter 11 Petition Date: February 9, 2018

Court: United States Bankruptcy Court
       Eastern District of Virginia (Alexandria)

Case No.: 18-10472

Judge: Hon. Klinette H. Kindred

Debtor's Counsel: Robert M. Marino, Esq.
                  REDMON PEYTON & BRASWELL, LLP
                  510 King Street, Suite 301
                  Alexandria, VA 22314-3143
                  Tel: 703-684-2000
                  Fax: 703-684-5109
                  E-mail: rmmarino@rpb-law.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Earl L. Curtis, president.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/vaeb18-10472.pdf


BON-TON STORES: BofA, Wells Fargo Lead DIP Lending Syndicate
------------------------------------------------------------
The Bon-Ton Stores, Inc. disclosed in a regulatory filing the
members of its DIP lending consortium.  The DIP Lenders are:

     * BANK OF AMERICA, N.A., as Agent, a Co-Collateral Agent,
       a Tranche A Lender, and an Issuing Bank;

     * WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Co-Collateral
       Agent, a Tranche A Lender, and an Issuing Bank;

     * CITIZENS BANK OF PENNSYLVANIA, as a Tranche A Lender;

     * PNC BANK NATIONAL ASSOCIATION, as a Tranche A Lender;

     * FIFTH THIRD BANK, as a Tranche A Lender;

     * TD BANK, N.A., as a Tranche A Lender;

     * SIEMENS FINANCIAL SERVICES, INC., as a Tranche A Lender;

     * BLUE HILLS BANK, as a Tranche A Lender;

     * WEBSTER BUSINESS CREDIT CORPORATION, as a Tranche A
       Lender;

     * SPECIAL SITUATIONS INVESTING GROUP, INC., as a Tranche A-1
       Lender;

     * GOLDMAN SACHS FUNDING INTERNATIONAL, as a Tranche A-1
       Lender;

     * GORDON BROTHERS FINANCE COMPANY, LLC, as a Tranche A-1
       Lender;

     * GACP I, L.P., as a Tranche A-1 Lender;

     * CRYSTAL FINANCIAL LLC, as a Tranche A-1 Documentation
       Agent;

     * CRYSTAL FINANCIAL SPV, as a Tranche A-1 Lender;

     * CRYSTAL FINANCIAL SBIC LP, as a Tranche A-1 Lender;

     * PATHLIGHT CAPITAL, LLC, as a Tranche A-1 Lender;

     * SPECIAL VALUE CONTINUATION PARTNERS, LP, as a Tranche A-1
       Lender; and

     * TENNENBAUM ENHANCED YIELD OPERATING, LLC, as a Tranche A-1
       Lender

Bon-Ton Stores said in a Form 8-K filing with the Securities and
Exchange Commission that on February 7, 2018, the Company entered
into a Senior Secured, Super-Priority Debtor-in-Possession Loan and
Security Agreement among:

     * the Company and the other Debtors,

     * Bank of America, N.A., as administrative agent and
       co-collateral agent,

     * Wells Fargo Bank, National Association, as co-collateral
       agent, and

     * certain other agents and lenders party thereto.

The DIP Credit Agreement provides for a senior secured
super-priority credit facility in an aggregate principal amount of
up to $725 million, subject to the terms and conditions detailed
therein.

Approximately $525 million in pre-petition obligations, including
letters of credit, under the Second Amended and Restated Loan and
Security Agreement -- Prepetition ABL Agreement -- dated as of
March 21, 2011, by and among The Bon-Ton Department Stores, Inc.,
the Company, the other obligors thereunder, certain financial
institutions as lenders and Bank of America, N.A., as agent, will
be rolled into the DIP Credit Agreement and will constitute
obligations thereunder.

Accrued and unpaid interest under the Prepetition ABL Agreement and
related fees and expenses (other than certain prepayment premiums)
were paid in cash on the closing date of the DIP Credit Agreement.

The stated maturity of the DIP Credit Agreement is November 1,
2018.  Borrowings of Tranche A Loans under the DIP Credit Agreement
will bear interest at a rate equal to LIBOR plus 2.75% or Base Rate
plus 1.75% per annum payable in cash.  Borrowings of Tranche A-1
Loans under the DIP Credit Agreement will bear interest at a Rate
equal to LIBOR plus 9.5% or Base Rate plus 8.5% per annum payable
in cash.

The Debtors used the proceeds of the DIP Credit Agreement on the
closing date of the DIP Credit Agreement to refinance the
Prepetition ABL Agreement, to pay certain fees and expenses related
to the DIP Credit Agreement and to pay accrued and unpaid interest
and certain fees and expenses under the Prepetition ABL Agreement.

After the closing date of the DIP Credit Agreement, the Debtors
expect to use the proceeds of the DIP Credit Agreement to pay the
costs and expenses of administering the Chapter 11 Cases and to
finance working capital and other general corporate needs, subject
to the terms and conditions of the DIP Credit Agreement and an
interim and final order entered by the Bankruptcy Court.  The DIP
Credit Agreement includes an increase in the aggregate borrowing
base for excess availability and a decrease in the minimum excess
availability covenant, and will provide additional liquidity to the
Company.

The obligations under the DIP Credit Agreement constitute, subject
to a carve-out for professional fees and expenses, super-priority
administrative expense claims in the Chapter 11 Cases, secured by
first priority security interests and liens on all present and
post-petition property of the Debtors, which security interests and
liens are subject only to the professional fee carve-out and
certain other permitted priority and approved liens specified in
the DIP Order or permitted under the DIP Credit Agreement.

The DIP Credit Agreement provides that the Debtors must comply with
certain budgets approved by the lenders set forth therein. The DIP
Credit Agreement also contains certain covenants which, among other
things, and subject to certain exceptions, require the Debtors to
comply with certain milestones and restrict the Debtors’ ability
to incur additional debt or liens, pay dividends, prepay certain
other indebtedness, sell, transfer, lease, or dispose of assets,
and make investments in or merge with another company. If the
Debtors were to violate any of the covenants under the DIP Credit
Agreement and were unable to obtain a waiver, it would be
considered a default.  If the Debtors were in default under the DIP
Credit Agreement, no additional borrowings thereunder would be
available unless the default were waived or cured.  If an Event of
Default (as defined in the DIP Credit Agreement) occurred, the
Agent would have the right, among other things, to declare all
obligations immediately due and payable.  The DIP Credit Agreement
provides for customary events of default.

A full-text copy of the Senior Secured, Super-Priority
Debtor-in-Possession Loan and Security Agreement, dated as of
February 7, 2018, among the Bon-Ton Stores, Inc., certain of its
direct and indirect subsidiaries, Bank of America, N.A., as
administrative agent and co-collateral agent, Wells Fargo Bank,
National Association, as co-collateral agent and certain other
agents and lenders party thereto, is available at
https://is.gd/UQo62s

                     About The Bon-Ton Stores

The Bon-Ton Stores, Inc. (OTCQX: BONT) -- http://www.bonton.com/--
with corporate headquarters in York, Pennsylvania and Milwaukee,
Wisconsin, operates 256 stores, which includes nine furniture
galleries and four clearance centers, in 23 states in the
Northeast, Midwest and upper Great Plains under the Bon-Ton,
Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's and
Younkers nameplates.  The stores offer a broad assortment of
national and private brand fashion apparel and accessories for
women, men and children, as well as cosmetics and home
furnishings.

The Bon-Ton Stores, Inc., sought Chapter 11 protection (Bankr. D.
Del. Case No. 18-10248) on Feb. 4, 2018.  In the petitions signed
by Executive Vice President and CFO Michael Culhane, the Debtor
disclosed total assets at $1.58 billion and total debt at $1.74
billion.

The Bon-Ton Stores tapped PAUL, WEISS, RIFKIND, WHARTON & GARRISON
LLP as counsel; YOUNG CONAWAY STARGATT & TAYLOR, LLP as co-counsel;
PJT PARTNERS LP as investment banker; AP SERVICES, LLC, as
financial advisor; A&G REALTY PARTNERS LLC, as real estate advisor;
and PRIME CLERK LLC, as claims agent.


BON-TON STORES: Feb. 15 Meeting Set to Form Creditors' Panel
------------------------------------------------------------
William K. Harrington, United States Trustee for Region 3, will
hold an organizational meeting on Feb. 15, 2018, at 10:00 a.m. in
the bankruptcy case of The Bon-Ton Stores.

The meeting will be held at:

               The Doubletree Hotel
               700 King Street
               Wilmington, DE 19801

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.

                      About The Bon-Ton Stores

The Bon-Ton Stores, Inc. (OTCQX: BONT) -- http://www.bonton.com/--
with corporate headquarters in York, Pennsylvania and Milwaukee,
Wisconsin, operates 256 stores, which includes nine furniture
galleries and four clearance centers, in 23 states in the
Northeast, Midwest and upper Great Plains under the Bon-Ton,
Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's and
Younkers nameplates.  The stores offer a broad assortment of
national and private brand fashion apparel and accessories for
women, men and children, as well as cosmetics and home
furnishings.

The Bon-Ton Stores, Inc., sought Chapter 11 protection (Bankr. D.
Del. Case No. 18-10248) on Feb. 4, 2018.  In the petitions signed
by Executive Vice President and CFO Michael Culhane, the Debtor
disclosed total assets at $1.58 billion and total debt at $1.74
billion.

The Bon-Ton Stores tapped Paul, Weiss, Rifkind, Wharton & Garrison
LLP as counsel; Young Conaway Stargatt & Taylor, LLP as co-counsel;
PJT Partners LP as investment banker; AP Services, LLC, as
financial advisor; A&G Realty Partners LLC, as real estate advisor;
and Prime Clerk LLC, as claims agent.



BOSS LITHO: Case Summary & 19 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Boss Litho, Inc.
        2380 Peck Rd.
        City of Industry, CA 90601

Business Description: Boss Litho, Inc. -- http://bosslitho.com--
                      is a printing and packing company located in
                      City of Industry, California.  The Company
                      has the latest state of the art equipment
                      including sheeters to cut the paper from the
                      rolls to the simple sheet; prepress for
                      proofing; U.V. coating machines for
                      finishing; shrink wrapping machines;
                      folder gluer machines for packaging;
                      complete bindery for cutting, folding and
                      stitching; high-speed Bobst die cutter with
                      blanking; and Bobst BMA foil stamping and
                      embossing machines.

Chapter 11 Petition Date: February 9, 2018

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

Case No.: 18-11454

Judge: Hon. Sandra R. Klein

Debtor's Counsel: Michael S. Kogan, Esq.
                  KOGAN LAW FIRM APC
                  1849 Sawtelle Blvd., Suite 700
                  Los Angeles, CA 90025
                  Tel: 310-954-1690
                  E-mail: mkogan@koganlawfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jean Paul Nataf, president.

A full-text copy of the petition, along with a list of 19 unsecured
creditors, is available for free at:

           http://bankrupt.com/misc/cacb18-11454.pdf


BROOKLYN CENTER: Moody's Hikes (GOULT) Debt Rating to Ba1
---------------------------------------------------------
Moody's Investors Service has upgraded to Ba1 from Ba2 the
underlying rating on the Brooklyn Center Independent School
District 286, MN's outstanding general obligation unlimited tax
(GOULT) debt. The district has $50.2 million of GOULT debt
outstanding, of which $2.1 million carries the general obligation
(GO) underlying rating. The remaining $48 million carries the
enhanced only rating (Aa2 stable). The outlook was revised to
stable.

RATINGS RATIONALE

The upgrade to Ba1 reflects the district's improved financial
position, and a modest, concentrated tax base with below average
resident income levels. The rating also incorporates the recent
passage of an excess operating levy, and an elevated debt and
pension burden.

RATING OUTLOOK

The stable outlook reflects Moody's expectation of projected
financial stability given the district's intent to maintain
reserves at current levels. It also reflects operational stability
given recent passage of an excess operating levy and growing
enrollment trends that will stem increases in operating expenses.

FACTORS THAT COULD LEAD TO A UPGRADE

Substantial moderation of debt and pension burdens

Sustained growth and expansion of the district's tax base and
wealth indices

Continued growth in financial reserves and/or liquidity

FACTORS THAT COULD LEAD TO A DOWNGRADE

Reductions in reserves and/or liquidity

Growth in the district's debt and pension burdens

Contraction of the district's tax base and weakening of its
socioeconomic profile

LEGAL SECURITY

The district's outstanding GO bonds are secured by the district's
GOULT pledge to levy a dedicated property tax levy that is
unlimited by rate or amount.

USE OF PROCEEDS

Not Applicable

PROFILE

The district covers 2.8 square miles within Hennepin County (Aaa
stable). It provides early childhood through twelfth grade
education to 2,440 students and serves portions of the City of
Brooklyn Center. The district's population is estimated at 9,256.

METHODOLOGY

The principal methodology used in this rating was US Local
Government General Obligation Debt published in December 2016.


BRYAN DEARASAUGH: $165K Sale of Conway Property Approved
--------------------------------------------------------
Judge Ben Barry of the U.S. Bankruptcy Court for the Eastern
District of Arkansas authorized Bryan and Karen Dearasaugh's sale
of the real property located at 1620 and 1624 Robinson Avenue in
Conway, Faulkner County, Arkansas to Kenneth Jones and Leslie Allen
for $165,000.

The sale is free and clear of all liens, claims, interests, and
encumbrances; and is on a strictly " as is, where is" basis with no
warranties being extended except as to title.

On the Closing Date, the closing agent will pay all required
closing costs for the sale.

Proceeds from the sale of the Real Property will be paid as
follows:

     a. There will be a 5% real estate commission on each tract of
Real Property described herein and in the Motion;

     b. Any delinquent or current real estate taxes will be paid in
full at closing;

     c. Each party will pay closing costs as set forth in the
Purchase Agreement;

     d. Remaining net proceeds will be paid as follows:

          i. As to 1618-1620 Robinson, Conway, Arkansas, to the
first mortgage holder, Bayview Loan Servicing, LLC, on Loan 9852 to
pay such loan in full, then $3,156 to First Security Bank to be
applied to the balance on any remaining loans between the Debtors
and First Security Bank to such loans as First Security Bank
decides at its discretion.

          ii. As to 1622-1624 Robinson, Conway, Arkansas, to the
first mortgage holder, Bayview Loan Servicing, LLC, on Loan 2769 to
pay such loan in full, with the balance in an amount not less than
$3,000.00 to Bryan and Karen Dearasaugh, Debtors in Possession, c/o
Keech Law Firm, PA, 2011 S. Broadway, Little Rock, Arkansas 72206,
to pay Chapter 11 administrative fees and expenses, which include,
attorneys' fees to the Debtors' counsel.

     e. Any sales proceeds paid to First Security Bank will not be
an extinguishment of or payment-in-full of indebtedness of any
loans due and owing by the Debtors to First Security Bank, and the
Real Property will be the sole property released by First Security
Bank from any liens which it may hold.

The Order will be effective immediately upon its entry and the
14-day set forth in Rule 6004(g) of the Federal Rules of Bankruptcy
Procedure will not apply.

Bryan and Karen Dearasaugh sought Chapter 11 protection (Bankr.
E.D. Ark. Case No. 17-10969) on Feb. 20, 2017.  The Debtors tapped
Kevin P. Keech, Esq., at Keech Law Firm, PA, as counsel.


CALDEL HOLDINGS: Case Summary & Unsecured Creditor
--------------------------------------------------
Debtor: CalDel Holdings, LLC
        26-15th Avenue
        San Francisco, CA 94118

Business Description: CalDel Holdings, LLC, headquartered in
                      San Francisco, California, is a merchant
                      wholesaler of household appliances and
                      electrical and electronic goods.
                      CalDel, a small business Debtor as defined
                      in 11 U.S.C. Section 101(51D), was organized
                      on Oct. 17, 2017, in the State of Delaware
                      as a limited liability company.

Chapter 11 Petition Date: February 9, 2018

Case No.: 18-30146

Court: United States Bankruptcy Court
       Northern District of California (San Francisco)

Judge: Hon. Hannah L. Blumenstiel

Debtor's Counsel: Peter R. Chernik, Esq.
                  LAW OFFICES OF PETER R. CHERNIK
                  28 15th Ave.
                  San Francisco, CA 94118
                  Tel: (415) 387-7500

Estimated Assets: $1.77 million as of Dec. 31, 2017

Estimated Liabilities: $1.21 million as of Dec. 31, 2017

The petition was signed by Peter R. Chernik, manager.

The Debtor lists Universal Semiconductor, Inc., as its sole
unsecured creditor holding a claim of $500,000.

A full-text copy of the petition is available for free at:

         http://bankrupt.com/misc/canb18-30146.pdf


CALIFORNIA RESOURCES: Inks New Midstream JV and Equity Investment
-----------------------------------------------------------------
California Resources Corporation has entered into a midstream joint
venture with a portfolio company of the Private Equity Group of
Ares Management, L.P.  The Ares portfolio company invested $750
million for certain common and preferred equity interests in the
venture.  In addition, the Ares-led investor group purchased
approximately 2.34 million shares of common stock of CRC in a
private placement for an aggregate purchase price of $50 million in
cash, or $21.33 per share based on a recent volume-weighted average
price.

The joint venture owns the Elk Hills power plant, a 550 MW natural
gas fired power plant, and a 200 million cubic foot per day
cryogenic gas processing plant located outside of Bakersfield,
California.  Under a new long-term commercial agreement, CRC will
purchase power and gas processing from the joint venture.  CRC has
the option to redeem the common and preferred equity interests held
by the Ares portfolio company at any point during the first seven
and one-half years of the joint venture.

Joint ventures provide an opportunity for CRC to prudently build on
its solid track record of performance and accelerate sustainably
profitable initiatives.  CRC will continue to identify
opportunities to invest in high-return projects while also
continuing to strengthen its balance sheet.

Todd Stevens, president and CEO of CRC, said, "We are proud to have
Ares as a strategic partner in our midstream joint venture at Elk
Hills, and believe their equity investment validates the strong
positioning of our world-class assets and flexible business model.
With our ongoing focus on value creation, we intend to deploy
transaction proceeds toward the best available alternatives to
drive shareholder returns over the long term."

Approximately $297 million of the transaction proceeds is being
used to repay the Company's outstanding bank revolver balance.  CRC
will continue to allocate capital to its project inventory using
its disciplined value creation index investment methodology, which
has generated VCIs of greater than 1.7x over the last two years
that are significantly above the Company's cost of capital.

Additional information regarding the transactions is available at:

                     https://is.gd/UBLVM5

                     About Ares Management

Ares Management, L.P., is a publicly traded, leading global
alternative asset manager with approximately $106 billion of assets
under management and approximately 1,000 employees as of Sept. 30,
2017.  Since its inception in 1997, Ares has adhered to a
disciplined investment philosophy that focuses on delivering strong
risk-adjusted investment returns throughout market cycles. Ares
seeks to deliver attractive performance to its investor base across
its credit, private equity and real estate strategies.  The firm is
headquartered in Los Angeles with offices across the United States,
Europe, Asia and Australia.  Its common units are traded on the New
York Stock Exchange (NYSE: ARES).

                   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'.
Moody's said 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.


CARBONDALE GLEN: Case Summary & 30 Largest Unsecured Creditors
--------------------------------------------------------------
Affiliated Debtors that filed voluntary petitions seeking relief
under Chapter 11 of the Bankruptcy Code:

     Debtor                                          Case No.
     ------                                          --------
     Carbondale Glen Lot L-2, LLC                    18-10284
     14140 Ventura Boulevard, #302
     Sherman Oaks, CA 91423

     Carbondale Peaks Lot L-1                        18-10286
     H18 Massabesic Holding Company, LLC             18-10287
     H33 Hawthorn Holding Company, LLC               18-10288
     H50 Sachs Bridge Holding Company, LLC           18-10289
     H64 Pennhurst Holding Company, LLC              18-10290
     Hawthorn Investments, LLC                       18-10291
     Lilac Valley Investments, LLC                   18-10292
     Massabesic Investments, LLC                     18-10293
     M58 Springvale Holding Company, LLC             18-10294
     M96 Lilac Valley Holding Company, LLC           18-10295
     Pennhurst Investments, LLC                      18-10296
     Sachs Bridge Investments, LLC                   18-10297
     Springvale Investments, LLC                     18-10298

Type of Business: Carbondale Glen Lot L-2, LLC and its
                  subsidiaries are affiliates of the Woodbridge
                  Group of Companies, LLC, whose cases are
                  currently being jointly administered under Lead
                  Case No. 17-12560.  Headquartered in Sherman
                  Oaks, California, The Woodbridge Group
                  Enterprise is a comprehensive real estate
                  finance and development company.  

                  http://woodbridgecompanies.com/

Chapter 11 Petition Date: February 9, 2018

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

Judge: Hon. Kevin J. Carey

Debtors'
Delaware
Bankruptcy
Counsel:          Sean Matthew Beach, Esq.
                  Edmon L. Morton, Esq.  
                  Ian J. Bambrick, Esq.  
                  Allison S. Mielke, Esq.
                  YOUNG, CONAWAY, STARGATT & TAYLOR, LLP
                  1000 North King Street
                  Wilmington, DE 19801
                  Tel: 302-571-6600
                  Fax: 302-576-3281
                  E-mail: sbeach@ycst.com
                          emorton@ycst.com
                          ibambrick@ycst.com
                          amielke@ycst.com

Debtors'
Legal Counsel:    Samuel A. Newman, Esq.
                  Oscar Garza, Esq.
                  Daniel B. Denny, Esq.
                  GIBSON, DUNN & CRUTCHER, LLP
                  333 South Grand Avenue
                  Los Angeles, CA 90071-3197
                  Tel: (213) 229-7000
                  Fax: (213) 229-7520
                  E-mail: snewman@gibsondunn.com
                          ogarza@gibsondunn.com
                          ddenny@gibsondunn.com

                    - and -

                  J. Eric Wise, Esq.
                  Matthew K. Kelsey, Esq.
                  Matthew P. Porcelli, Esq.
                  200 Park Avenue
                  New York, NY 10166
                  Tel: (212) 351-4000
                  Fax: (212) 351-4035
                  E-mail: ewise@gibsondunn.com
                          mkelsey@gibsondunn.com
                          mporcelli@gibsondunn.com

Counsel for
the Official
Committee of
Unsecured
Creditors:        James I. Stang, Esq.
                  Richard M. Pachulski, Esq.
                  Jeffrey N. Pomerantz, Esq.
                  PACHULSKI STANG ZIEHL & JONES
                  10100 Santa Monica Boulevard, 13th Floor
                  Los Angeles, CA 90067
                  Tel: (310) 277-6910
                  Fax: (310) 201-0760
                  E-mail: jstang@pszjlaw.com
                          rpachulski@pszjlaw.com
                          jpomerantz@pszjlaw.com

                     - and -

                  Bradford J. Sandler, Esq.
                  Colin R. Robinson, Esq.
                  919 N. Market Street, 17th Floor
                  Wilmington, DE 19801
                  Tel: (302) 652-4100
                  Fax: (302) 652-4400
                  E-mail: bsandler@pszjlaw.com
                          crobinson@pszjlaw.com


Counsel to the
Ad Hoc Noteholder
Group:            Steven K. Kortanek, Esq.
                  Patrick A. Jackson, Esq.
                  Joseph N. Argentina, Jr., Esq.
                  DRINKER BIDDLE & REATH LLP
                  222 Delaware Avenue, Suite 1410
                  Wilmington, Delaware 19801
                  Tel: (302) 467-4200
                  Fax: (302) 467-4201
                  E-mail: Steven.Kortanek@dbr.com
                          patrick.jackson@dbr.com
                          joseph.argentina@dbr.com

                    - and -

                  James H. Millar, Esq.
                  Michael P. Pompeo, Esq.
                  DRINKER BIDDLE & REATH LLP
                  1177 Avenue of the Americas, 41st Floor
                  New York, New York 10036-2714
                  Tel: (212) 248-3140
                  Fax: (212) 248-3141
                  E-mail: james.millar@dbr.com
                         michael.pompeo@dbr.com

Counsel to Ad
Hoc Unitholder
Group:            Jamie L. Edmonson, Esq.
                  VENABLE LLP
                  1201 N. Market Street, Suite 1400
                  Wilmington, Delaware 19801
                  Tel: (302) 298-3535
                  Fax: (302) 298-3550
                  E-mail: jledmonson@Venable.com

                    - and -

                  Jeffrey S. Sabin, Esq.   
                  1270 Avenue of the Americas
                  New York, New York 10020
                  Tel: (212) 307-5500
                  Fax: (212) 307-5598
                  E-mail: ssabin@Venable.com  

Debtors'
Financial
Advisor:          Larry Perkins
                  John Farrace
                  Robert Shenfeld
                  Reece Fulgham
                  Miles Staglik
                  Lissa Weissman
                  SIERRACONSTELLATION PARTNERS, LLC
                  400 South Hope Street, Suite 1050
                  Los Angeles, CA 90071
                  Tel: (213) 289-9060
                  Fax: (213) 232-3285
                  E-mail: lperkins@scpllc.com
                          rfulgham@sierraconstellation.com
                          mstaglik@sierraconstellation.com


Debtors'
Claims,
Noticing
Agent and
Administrative
Advisor:          GARDEN CITY GROUP INC.
                  P.O. Box 10545
                  Dublin, Ohio 43017-0208
                  Toll Free: 1-888- 735-7613
                  E-mail: WGCInfo@choosegcg.com

Estimated Assets: $500 million to $1 billion

Estimated Liabilities: $500 million to $1 billion

The petition was signed by Bradley D. Sharp, chief restructuring
officer.

A full-text copy of Carbondale Glen Lot L-2's petition is available
for free at:

         http://bankrupt.com/misc/deb18-10284.pdf

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
G3 Group                                Trade             $992,112
8020 Floral Ave
Los Angeles, CA 90046
Tel: (805) 557-1075
Email: docs@gthregroup.com

Dane Coyle Custom Homes Inc.            Trade             $784,207
23945 Calabasas Rd Ste 101
Calabasas, CA 91302
Ophelia Ovenson
Tel: (805) 857-0198

Precise Investment Group             Commission           $679,800
14140 Ventura Blvd, Suite 302
Sherman Oaks, CA 91423

Builder's Team                          Trade             $594,628
8949 Sunset Blvd #201
West Hollywood CA 90069
Tel: (310) 734-7846
Email: info@buildersteam.com

City of Los Angeles                     Trade             $571,477
PO Box 30879
Los Angeles, CA 90030-0879
Tel: (213) 473-3231

Janckila Construction Inc.              Trade             $527,223
75 Buckskin Dr
Carbondale, CO 81623
Bret Byman
Tel: (970) 963-7239
Email: ken@janckilaconstruction.com

David Goldman                         Commission          $379,800
14140 Ventura Blvd, Suite 302
Sherman Oaks, CA 91423

OHS Design & Development LLC            Trade             $353,700
500 Shatto PL, #411
Los Angeles, CA 90020
Paul Oh
Tel: (213) 739-1512
Email: info@ohsdd.com

Brook Church-Koegel                  Commission           $349,800
14140 Ventura Blvd, Suite 302
Sherman Oaks, CA 91423

The I-Grace Company                     Trade             $284,081
1964 Westwood Blvd, Ste 425
Los Angeles, CA 90025
John Gasparyan
Tel: (310) 645-1555
Email: info@igrace.com

Nicole Walker                        Commission          $279,800
14140 Ventura Blvd, Suite 302
Sherman Oaks, CA 91423

Darin Baker                          Commission          $229,800

Sean Renninger                       Commission          $229,191

KAA Design Group Inc.                   Trade            $172,383

Los Angeles Dept of Water and           Trade            $154,615
Power

John Labib & Associates                 Trade            $132,390
Email: info@labibse.com

Kim Tavares                          Commission          $100,473

Alba Environmental Services Inc.        Trade             $92,080
Email: info@albademo.com

BT Construction & Development           Trade             $88,530
Email: btconstruction@mac.com

Steve Glick                          Commission           $73,898

Boswell Construction                    Trade             $70,902
Email: info@buildboswell.com

HM DG Inc.                              Trade             $68,234
Email: info@hmdginc.com

Studio Tim Campbell                     Trade             $62,748
Email: info@studiomk26.com

Plus Development LLC                    Trade             $61,700
Email: la@plusdevelopmentgroup.com

A Logan Insurance Brokerage             Trade             $59,481
Email: info@aloganins.com

Walker Workship Design Build            Trade             $59,460
Email: info@walkerworshop.com

Standard LLP                            Trade             $55,000
Email: info@standardarchitecture.com

StudioMK27 Arquitetos LTDA             Trade              $45,000
Email: info@studiomk26.com

Ronand Diez                          Commission           $27,558

Javid Construction Inc.                Trade              $25,686
Email: timmyjavid@hotmail.com


CDRH PARENT: S&P Alters Outlook to Negative & Affirms 'B-' CCR
--------------------------------------------------------------
Jacksonville, Fla.-based wound care services provider CDRH Parent
Inc. (doing business as Healogics Inc.) continues to face headwinds
in the form of slowing volumes for its hyperbaric oxygen therapy
chambers (HBOTCs) treatment. At the same time, the company faces
the appeal of the Medicare fraud lawsuit and the separate civil
investigation by the U.S. Department of Justice (DOJ).

S&P Global Ratings affirmed its 'B-' corporate credit rating on
CDRH Parent Inc. and revised the rating outlook to negative from
stable.

S&P said, "At the same time, we affirmed our 'B-' rating on the
company's secured debt. Our recovery rating on this debt remains
'3', indicating our expectation for average (50%-70%; rounded
estimate: 50%) recovery for lenders in the event of payment
default.

"We also affirmed our 'CCC' rating on the company's senior secured
second-lien term loan. Our recovery rating on this debt remains
'6', indicating our expectation for negligible (0%-10%; rounded
estimate: 0%) recovery for lenders in the event of payment
default."

The outlook revision on CDRH follows a year of mixed operating
performance. The company faces adverse market headwinds in the form
of slowing volumes for its hyperbaric oxygen therapy chambers
(HBOTCs) treatment, which partially offsets revenue growth achieved
from an increase in the number of Healogics specialty physicians
staffing its centers, higher chamber sales, and an increase in new
patient volumes for other wound care. At the same time, the company
needs to contend with its aging capital structure; its revolver is
scheduled to mature in June 2019. While we believe the company is
well-positioned to extend or refinance the revolver before this
debt becomes a current maturity, we note that there is little
margin for error in 2018.

S&P said, "Our negative rating outlook on CDRH reflects our view
that the company has little margin for error in 2018, given our
assessment that the company meeting or exceeding our current base
case will be very important to its successfully refinancing its
revolver in 2018 (before it becomes a current maturity)."


CENVEO INC: Feb. 14 Meeting Set to Form Creditors' Panel
--------------------------------------------------------
William K. Harrington, United States Trustee for Region 2, will
hold an organizational meeting on Feb. 14, 2018, at 10:30 a.m. in
the bankruptcy case of Cenveo, INC., et al..

The meeting will be held at:

               Lotte Palace Hotel
               455 Madison Avenue
               New York, NY 10022
               (the Villard Ballroom)

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.
                          About Cenveo

Headquartered in Stamford, Connecticut, Cenveo (NASDAQ: CVO) --
http://www.cenveo.com/-- is a global provider of print and related
resources, offering world-class solutions in the areas of custom
labels, envelopes, commercial print, content management and
publisher solutions.  The Company provides a one-stop offering
through services ranging from design and content management to
fulfillment and distribution.  With a worldwide distribution
platform, we pride ourselves on delivering quality solutions and
services every day for our more than 100,000 customers.

After reaching an agreement with holders of a majority of its first
lien debt to support a Chapter 11 plan of reorganization, Cenveo
Inc. and its domestic subsidiaries filed voluntary petitions for
reorganization under Chapter 11 of the U.S. Bankruptcy Code in
White Plains, New York (Bankr. S.D.N.Y. Lead Case No. 18-22178) on
Feb. 2, 2018.  The Chapter 11 filing does not include foreign
entities, such as those located in India.

As of Dec. 31, 2017, Cenveo disclosed total assets of $789,547,000
and total debt of $1,426,133,000.

In the Chapter 11 cases, the Debtors tapped KIRKLAND & ELLIS LLP,
as counsel; ROTHSCHILD, INC., as investment banker; ZOLFO COOPER
LLC, as restructuring advisors; and PRIME CLERK LLC, as claims
agent.



CEVA GROUP: $260MM Bank Debt Trades at 3.17% Off
------------------------------------------------
Participations in a $260 million syndicated loan under which CEVA
Group Plc is a borrower traded in the secondary market at 96.83
cents-on-the-dollar during the week ended Friday, February 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.04 percentage points from the
previous week. CEVA Group pays 550 basis points above LIBOR to
borrow under the $260 million facility. The bank loan matures on
March 19, 2021. Moody's rates the loan 'Caa1' and Standard & Poor's
gave a 'B-' rating to the loan. 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 Friday,
February 2.


CEVA GROUP: $400MM Bank Debt Trades at 3.17% Off
------------------------------------------------
Participations in a $400 million syndicated loan under which CEVA
Group Plc is a borrower traded in the secondary market at 96.83
cents-on-the-dollar during the week ended Friday, February 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.04 percentage points from the
previous week. CEVA Group Plc pays 550 basis points above LIBOR to
borrow under the $400 million facility. The bank loan matures on
March 19, 2021. Moody's rates the loan 'Caa1' and Standard & Poor's
gave a 'B-' rating to the loan. 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 Friday,
February 2.


CEVA GROUP: $50MM Bank Debt Trades at 3.17% Off
-----------------------------------------------
Participations in a $50 million syndicated loan under which CEVA
Group Plc is a borrower traded in the secondary market at 96.83
cents-on-the-dollar during the week ended Friday, February 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.04 percentage points from the
previous week. CEVA Group 550 basis points above LIBOR to borrow
under the $50 million facility. The bank loan matures on March 19,
2021. Moody's rates the loan 'Caa1' and Standard & Poor's gave a
'B-' rating to the loan. 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 Friday, February 2.


COLE HAAN: Bank Debt Trades at 2.37% Off
----------------------------------------
Participations in a syndicated loan under which Cole Haan LLC is a
borrower traded in the secondary market at 97.63
cents-on-the-dollar during the week ended Friday, February 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.99 percentage points from the
previous week. Cole Haan LLC pays 400 basis points above LIBOR to
borrow under the $320 million facility. The bank loan matures on
February 1, 2020. Moody's rates the loan 'Caa1' and Standard &
Poor's gave a 'B' rating to the loan. 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
Friday, February 2.


CONDOMINIUM ASSOCIATION: Feb. 20 Auction of Temple Hills Property
-----------------------------------------------------------------
Judge Wendelin I. Lipp of the U.S. Bankruptcy Court for the
District of Maryland authorized The Condominium Association of The
Lynnhill Condominium's bidding procedures in connection with the
sale of the real estate, amenities and improvements (including
residential units) located at 3103 and 3107 Good Hope Avenue,
Temple Hills, Maryland to AHH16 Development, LLC, for $14.5
million, subject to overbid.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Feb. 16, 2018 at 5:00 p.m. (EST)

     b. AHH will constitute a Qualified Bidder and the PSA (as
amended) will constitute a Qualified Bid.

     c. If Dragone satisfies the conditions set forth in the
Consent Order Resolving the Limited Objection of Dragone Realty,
LLC to Motion for Approval of Auction and Bidding Procedures,
Dragone will also constitute a Qualified Bidder, bound to purchase
the Property for $14.5 million (subject to a higher bid by Dragone
at the Auction).  If Dragone does not satisfy the conditions set
forth the in Consent Order, it will not be a Qualified Bidder and
will not be eligible to participate in the Auction.

     d. Qualified Bid: All other bidders (other than AHH and
Dragone) must offer at least $14,650,000 in cash consideration (if
Dragone is not a Qualified Bidder, all other bidders must offer at
least $14,500,000 in cash consideration).

     e. If AHH is going to compete at the Auction, then its first
bid must exceed the Auction Baseline Bid by at least $150,000,
taking into account its credit for the Break-Up Fee and Expense
Reimbursement.

     f. Good Faith Deposit: 10% of the purchase price offered

     g. Auction: The Auction will take place on Feb. 20, 2018 at
10:00 a.m. (EST) at the offices of counsel for the Debtor,
Pillsbury Winthrop Shaw Pittman LLP, 1200 Seventeenth Street NW,
Washington, DC 20036.

     h. Sale Hearing: Feb. 27, 2018 at 10:00 a.m. (EST)

     i. Objection Deadline: Feb. 20, 2018 at 4:00 p.m. (EST)

     j. Expense Reimbursement: $200,000

     k. Break-Up Fee: $600,000

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

    http://bankrupt.com/misc/Condominium_Association_143_Order.pdf

Within three business days after the entry of the Order, the Debtor
will serve notice of the Order and the Bidding Procedures upon all
Notice Parties.  

Pursuant to Bankruptcy Code sections 105, 363 and 503, and Local
Rule 6004-1(c), the Debtor's request to declare AHH as the stalking
horse is granted, and the Break-Up Fee and the Expense
Reimbursement are approved.  In the event the Debtor consummates a
sale of the Property to a Successful Bidder other than AHH, the
Break-Up Fee and Expense Reimbursement will be payable from the
first cash proceeds of any Alternative Closing.

Notwithstanding the possible applicability of Bankruptcy Rules
6004(h) and 9014 or otherwise, the terms and conditions of the
Order will be immediately effective and enforceable upon its
entry.

              About The Condominium Association
                 of The Lynnhill Condominium

The Condominium Association of the Lynnhill Condominium is an
unincorporated condominium association that is in possession of the
Lynnhill Apartments, two 7-story buildings located at 3103 and 3107
Good Hope Avenue, Temple Hills, Maryland 20748.  The Property has
219 units, a parking lot and common areas.  

The Property's condition has deteriorated significantly in recent
years, to the point that utilities were terminated on more than one
occasion, by mid-2017 the Property was approximately 40% vacant,
and by the fall of 2017, utilities were conclusively terminated and
the balance of the units were vacated and abandoned.  Prince
George's County has determined that the Property is uninhabitable
and has threatened to condemn the Property because it is a threat
to the public and a burden to the county.  Between the spring of
2016 and approximately Dec. 18, 2017, the Property was uninsured
because of the Debtor's dire financial situation.  

The Debtor previously sought bankruptcy protection on July 2, 2014
(Bankr. D. Md. Case No. 14-20607) and April 28, 2010 (Bankr. D. Md.
Case No. 10-19462).

The Condominium Association of the Lynnhill Condominium, based in
Temple Hills, MD, recently filed a Chapter 11 petition (Bankr. D.
Md. Case No. 18-10334) on Jan. 10, 2018.  In the petition signed by
Stanley Briscoe, acting president, the Debtor estimated $0 to
$50,000 in assets and $1 million to $10 million in liabilities.  

The Hon. Wendelin I. Lipp presides over the new case.  

Patrick John Potter, Esq., at Pillsbury Winthrop Shaw Pittman, LLP,
serves as bankruptcy counsel to the Debtor.  Kurtzman Carson
Consultants LLC, is the Debtor's claims, noticing and balloting
agent.


CONDOMINIUM ASSOCIATION: Has Final OK to Obtain $1.25M Financing
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Maryland has entered
a final order authorizing The Condominium Association of The
Lynnhill Condominium to obtain a $1,250,000.00 secured postpetition
loan from AHH16 Development, LLC, or its designee.

As reported by the Troubled Company Reporter on Jan. 29, 2018, the
Court entered an interim order authorizing the Debtor to obtain
from AHH16 Development $450,000 of the debtor-in-possession
financing.

The Debtor has an immediate need to obtain the DIP Loan.  Without
the DIP Loan, the Debtor does not have sufficient capital to pay
for the expenses associated with preserving the Property and
administering this case.  The Debtor's ability to pay for security,
winterization and maintenance of the Property is essential to the
Debtor's ability to close on the sale of the Debtor's property to
AHH.  The purpose of the DIP Loan will thus be to preserve and
maintain the Property and effectuate a court-approved sale of the
Property pursuant to the Chapter 11 plan.

Pursuant to the DIP Loan, the DIP Lender has agreed to make a loan
to the Debtor in the principal amount of $1,250,000, consisting of
$850,000 in principal of new money and a $400,000 (in principal)
roll-up of the Pre-Petition Advance, including up to $75,000 of
AHH's fees and expenses incurred in connection with the DIP Loan,
the purchase of the Property or this case and any claim (arising
from the Debtor's default and a breach) under the Purchase and Sale
Agreement between the Debtor and AHH.

The DIP Lender agreed to make $450,000 of the DIP Loan available
upon entry of the interim court order and the balance of the DIP
Loan available upon entry of this final court order, all in
accordance with the Commitment and this final court order.

The Debtor will pay to the DIP Lender the DIP Claims as provided in
this Final Order and the Commitment.  In consideration for the DIP
Loan, the Debtor is authorized and directed, without further order
of the Court, to pay all fees and charges and to reimburse the DIP
Lender for all reasonable out-of-pocket expenses and professional
fees, subject to a $75,000 cap; provided, however, that if the
Property is sold to the DIP Lender as anticipated, than all DIP
Claims will be credited against the purchase price.

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

         http://bankrupt.com/misc/mdb18-10334-140.pdf

              About The Condominium Association
                 of The Lynnhill Condominium

The Condominium Association of the Lynnhill Condominium is an
unincorporated condominium association that is in possession of the
Lynnhill Apartments, two 7-story buildings located at 3103 and 3107
Good Hope Avenue, Temple Hills, Maryland 20748.  The Property has
219 units, a parking lot and common areas.  

The Property's condition has deteriorated significantly in recent
years, to the point that utilities were terminated on more than one
occasion, by mid-2017 the Property was approximately 40% vacant,
and by the fall of 2017, utilities were conclusively terminated and
the balance of the units were vacated and abandoned.  Prince
George's County has determined that the Property is uninhabitable
and has threatened to condemn the Property because it is a threat
to the public and a burden to the county.  Between the spring of
2016 and approximately Dec. 18, 2017, the Property was uninsured
because of the Debtor's dire financial situation.  

The Debtor previously sought bankruptcy protection on July 2, 2014
(Bankr. D. Md. Case No. 14-20607) and April 28, 2010 (Bankr. D. Md.
Case No. 10-19462).

The Condominium Association of the Lynnhill Condominium, based in
Temple Hills, MD, recently filed a Chapter 11 petition (Bankr. D.
Md. Case No. 18-10334) on Jan. 10, 2018.  In the petition signed by
Stanley Briscoe, acting president, the Debtor estimated $0 to
$50,000 in assets and $1 million to $10 million in liabilities.  

The Hon. Wendelin I. Lipp presides over the new case.  

Patrick John Potter, Esq., at Pillsbury Winthrop Shaw Pittman, LLP,
serves as bankruptcy counsel to the Debtor.  Kurtzman Carson
Consultants LLC, is the Debtor's claims, noticing and balloting
agent.


CONDOMINIUM ASSOCIATION: Hires Pillsbury as Bankruptcy Counsel
--------------------------------------------------------------
The Condominium Association of the Lynnhill Condominium, seeks
authority from the U.S. Bankruptcy Court for the District of
Maryland to employ Pillsbury Winthrop Shaw Pittman LLP as
bankruptcy counsel to the Debtor.

Condominium Association requires Pillsbury to:

   a. advise the Debtor of its rights, powers and duties as
      the Debtor and debtor in possession;

   b. assist the Debtor in preparing its schedules and statements
      of financial affairs;

   c. negotiate and document financing required during the
      Debtor's Chapter 11 case;

   d. prepare all applications, motions, pleadings, proposed
      orders, notices, and other documents, and reviewing all
      financial reports, monthly operating reports and other
      documents to be filed by the Debtor;

   e. prepare, file, and prosecute the Debtor's chapter 11 plan
      of reorganization and disclosure statement;

   f. conduct a sale process, including an auction of the
      Property;

   g. represent the Debtor at the meeting of creditors and in
      proceedings and hearings in the Bankruptcy Court; and

   h. perform all other legal services for and on behalf of the
      Debtor that may be necessary or appropriate in the
      administration of the Debtor's chapter 11 case.

Pillsbury will be paid at these hourly rates:

     Patrick J. Potter, Partner             $955 to $810
     David L. Miller, Partner               $940 to $800
     Dania Slim, Counsel                    $780 to $725
     Jason S. Sharp, Senior Associate       $725 to $640
     Nik Holtan, Associate                  $555 to $490
     William J. Hotze, Associate            $695 to $610
     Andrew V. Alfano, Associate            $560 to $495

On Jan. 9, 2018, Pillsbury applied approximately $194,000 of the
$300,000 prepetition retainer to satisfy its invoice for services
provided in December 2017.  Pillsbury continued to incur fees for
prepetition services from Jan. 1, 2018 to the Petition Date.
Pillsbury intends to apply the remaining retainer funds, estimated
to be about $106,000, to any outstanding invoices for prepetition
services.

Pursuant to the interim order authorizing the Debtor to obtain
debtor in possession financing, Pillsbury received an agreed-upon
$300,000 supplement to its retainer on Jan. 18, 2018, and an
additional $366,000 supplement will be paid to Pillsbury under the
final financing order.

Pillsbury will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Patrick J. Potter, partner of Pillsbury Winthrop Shaw Pittman LLP,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Pillsbury can be reached at:

     Patrick J. Potter, Esq.
     PILLSBURY WINTHROP SHAW PITTMAN LLP
     1200 Seventeenth Street, NW
     Washington, DC 20036
     Tel: (202) 663-8928
     Fax: (202) 663-8007
     E-mail: patrick.potter@pillsburylaw.com

              About The Condominium Association
                 of the Lynnhill Condominium

The Condominium Association of the Lynnhill Condominium is an
unincorporated condominium association that is in possession of the
Lynnhill Apartments, two 7-story buildings located at 3103 and 3107
Good Hope Avenue, Temple Hills, Maryland 20748.  The Property has
219 units, a parking lot and common areas.

The Property's condition has deteriorated significantly in recent
years, to the point that utilities were terminated on more than one
occasion, by mid-2017 the Property was approximately 40% vacant,
and by the fall of 2017, utilities were conclusively terminated and
the balance of the units were vacated and abandoned. Prince
George's County has determined that the Property is uninhabitable
and has threatened to condemn the Property because it is a threat
to the public and a burden to the county. Between the spring of
2016 and approximately Dec. 18, 2017, the Property was uninsured
because of the Debtor's dire financial situation.

The Debtor previously sought bankruptcy protection on July 2, 2014
(Bankr. D. Md. Case No. 14-20607) and April 28, 2010 (Bankr. D. Md.
Case No. 10-19462).

The Condominium Association of the Lynnhill Condominium, based in
Temple Hills, MD, recently filed a Chapter 11 petition (Bankr. D.
Md. Case No. 18-10334) on Jan. 10, 2018. Stanley Briscoe, acting
president, signed the petition. In its petition, the Debtor
estimated $0 to $50,000 in assets and $1 million to $10 million in
liabilities.

The Hon. Wendelin I. Lipp presides over the new case.

Patrick John Potter, Esq., at Pillsbury Winthrop Shaw Pittman, LLP,
serves as bankruptcy counsel to the Debtor.  Kurtzman Carson
Consultants LLC, is the Debtor's claims, noticing and balloting
agent.



CRYODORANT LLC: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Cryodorant, LLC
        8445 Freeport Parkway, Ste 175
        Irving, Tx 75063

Type of Business: Cryodorant, LLC is a privately held
                  domestic limited liability company based
                  in Irving, Texas.

Chapter 11 Petition Date: February 8, 2018

Case No.: 18-40276

Court: United States Bankruptcy Court
       Eastern District of Texas (Sherman)

Judge: Hon. Brenda T. Rhoades

Debtor's Counsel: Martin K. Thomas, Esq.
                  MARTIN THOMAS
                  P.O. Box 36528
                  Dallas, TX 75235
                  Tel: (214) 951-9466
                  Fax: 855-301-8792
                  E-mail: thomas12@swbell.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Daniel Schreimann, manager.

The Debtor failed to incorporate in its petition a list of its 20
largest unsecured creditors.

A full-text copy of the petition is available for free at:

           http://bankrupt.com/misc/txeb18-40276.pdf


DEX SERVICES: Taps Terra Point as Auctioneer
--------------------------------------------
DEX Services, LLC, received approval from the U.S. Bankruptcy Court
for the Northern District of Texas to hire Terra Point, LLC, as
auctioneer.

The firm will conduct an auction of various equipment, trucks,
trailers and machinery owned by the Debtor and used in its oilfield
business.

Terra Point will be paid a 10% seller's commission of the total
amount of the sales proceeds and a 2.5% buyer's commission on top
of the strike price.

The firm has no connection with the Debtor or any of its creditors,
according to court filings.

Terra Point can be reached through:

     Tim Watters
     Terra Point, LLC
     1213 Ranch Road 620 South, Suite 105
     Lakeway, TX 78734
     Phone: (512) 368-8299

                      About DEX Services

DEX Services, LLC, is a privately-held company in Canadian, Texas,
operating under the "Other Professional, Scientific, and Technical
Services" industry.  Its principal business address is 10955
Exhibition Lane Road, Canadian, Texas, 79014, Hempill County.  DEX
Services operates an oilfield services company, providing
roustabout services to various customers, in and around Canadian,
Texas.  It owns three tracts of real property in Canadian, Texas on
which the Debtor operates its oilfield services company.  The real
property is located at 10951, 10953, and 10955 Exhibition Lane
Road.  The three tracts of land contain the Company's offices, yard
to store equipment, trucks, trailers, and machinery, and multiple
mobile homes.

DEX Services filed a Chapter 11 petition (Bankr. N.D. Tex. Case No.
17-50242) on Sept. 30, 2017.  In the petition signed by James
Poindexter, managing member, the Debtor estimated assets and
liabilities between $1 million and $10 million.  The case is
assigned to Judge Robert L. Jones.  The Debtor is represented by
Brad W. Odell, Esq. at Mullin Hoard & Brown, L.L.P.


DIOCESE OF NEW ULM: Mediation Sessions Delay Plan Filing
--------------------------------------------------------
The Diocese of New Ulm asks the U.S. Bankruptcy Court for the
District of Minnesota to extend the exclusive periods during which
only the Debtor can file a plan of reorganization and solicit
acceptance of the plan through and including June 26, 2018, and
Aug. 25, 2018, respectively.

The Court will hold a hearing on the Debtor's request at 10:00 a.m.
on Feb. 22, 2018.  Any response to the motion must be filed and
served not later than Feb. 16, 2018.

As reported by the Troubled Company Reporter on Oct. 25, 2017, the
Court extended the Debtor's exclusive right to file a Chapter 11
plan until Feb. 26, 2018; and the exclusive period in which the
Diocese may obtain acceptances of the plan until April 27, 2018.

Since the filing of this bankruptcy case, the Diocese has attempted
to pave the way for a successful mediation, including by
negotiating various issues with the Official Committee of Unsecured
Creditors and counsel for certain sexual abuse claimants, and
undertaking communications and information sharing efforts with
various insurance companies.

The Diocese is continuing these efforts, including under the
protocol agreed to at the January mediation session, and is hopeful
that progress will continue to be made.  However, the next
mediation session likely will not commence until the spring of 2018
-- after the end of the current exclusive period for the Diocese to
file a plan.  In addition, even if the next mediation session is
held in the spring, it may take more than one additional sessions
to achieve resolutions with all or most parties involved.

Prior to filing this motion, the Diocese's counsel discussed the
extension requested with counsel for the Official Committee of
Unsecured Creditors, who indicated that the Committee has no
objection to the relief requested.

The Diocese assures the Court that it is paying its bills as they
become due.

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

           http://bankrupt.com/misc/mnb17-30601-181.pdf

                   About The Diocese of New Ulm

The Diocese of New Ulm sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Minn. Case No. 17-30601) on March 3,
2017.  The case is assigned to Judge Robert J. Kressel.  In the
petition signed by Monsignor Douglas L. Grams, vice general, the
Debtor estimated assets of $10 million to $50 million and
liabilities of less than $50,000.  James L. Baillie, Esq., at
Fredrikson & Byron, P.A., serves as the Debtor's legal counsel.


DONCASTERS FINANCE: Bank Debt Trades at 2.06% Off
-------------------------------------------------
Participations in a syndicated loan under which Doncasters Finance
US LLC is a borrower traded in the secondary market at 97.94
cents-on-the-dollar during the week ended Friday, January 26, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.23 percentage points from the
previous week. Doncasters Finance pays 350 basis points above LIBOR
to borrow under the $615 million facility. The bank loan matures on
March 27, 2020. Moody's rates the loan 'B3' and Standard & Poor's
gave a 'B-' rating to the loan. 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 Friday,
January 26.


EAST COAST TVS: Case Summary & 15 Largest Unsecured Creditors
-------------------------------------------------------------
Affiliates that filed voluntary petitions seeking relief under
Chapter 11 of the Bankruptcy Code:

     Debtor                                     Case No.
     ------                                     --------
     East Coast TVS Inc.                        18-40765
     601 West Linden Avenue
     Linden, NJ 07036

     Garden State Installations II, Inc.        18-40767
     601 West Linden Avenue
     Linden, NJ 07036

Business Description: Founded in 2008, East Coast TVS Inc. is
                      an electronics e-tailer based out of Linden,

                      New Jersey.  The Company sells televisions;
                      audio equipment; video players and
                      projectors; cameras and camcorders; and
                      home appliances.  

                      http://www.eastcoasttvs.com/

Chapter 11 Petition Date: February 9, 2018

Court: United States Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Hon. Elizabeth S. Stong

Debtors' Counsel: Michael S Fox, Esq.
                  OLSHAN FROME WOLOSKY LLP
                  1325 Avenue of the Americas
                  New York, NY 10019
                  Tel: 212-451-2300
                  Fax: 212-451-2222
                  E-mail: mfox@olshanlaw.com

East Coast TVS's Estimated Assets: $100,000 to $500,000

East Coast TVS's Estimated Debt: $1 million to $10 million

Garden State's Estimated Assets: $0 to $50,000

Garden State's Estimated Debt: $1 million to $10 million

The petitions were signed by Isaac Barnathan, president.

A copy of East Coast TVS's petition containing, among other items,
a list of the Debtor's 15 unsecured creditors is available for free
at: http://bankrupt.com/misc/nyeb18-40765.pdf

A copy of Garden State Installations' petition containing, among
other items, a list of the Debtor's 15 unsecured creditors is
available for free at:

         http://bankrupt.com/misc/nyeb18-40767.pdf


ECP GOPHER: Moody's Assigns B2 Corp. Family Rating; Outlook Stable
------------------------------------------------------------------
Moody's Investors Service assigned ECP Gopher Holdings, L.P. a B2
Corporate Family Rating (CFR) and B2-PD Probability of Default
Rating. At the same time, Moody's assigned B2 ratings to Gopher
Resource's proposed first-lien senior secured revolving credit
facility and proposed first-lien senior secured term loan. The
rating outlook is stable.

The rating assignments follow the company's plan to raise $490
million of new senior secured debt -- a $40 million first-lien
revolving credit facility and a $450 million first-lien term loan
-- to help fund the recent leveraged buyout by private equity
sponsor Energy Capital Partners.

Moody's took the following rating actions on ECP Gopher Holdings,
L.P., which will become Gopher Resource, LLC upon closing of the
transaction:

- Corporate Family Rating assigned at B2

- Probability of Default Rating assigned at B2-PD

- First-Lien Senior Secured Revolving Credit Facility assigned at

   B2 (LGD3)

- First-Lien Senior Secured Term Loan assigned at B2 (LGD3)

- Rating outlook stable

RATINGS RATIONALE

The B2 CFR reflects Gopher Resource's small scale (revenues below
$400 million), significant customer concentration, limited product
diversity and heavy reliance on only two recycling facilities,
making it vulnerable to potential disruption or operating
inefficiencies. Moody's pro forma leverage of over 5.5x is high for
the rating category but is partially offset by a solid free cash
flow profile (expecting $20 million over the next 12-18 months)
that should provide improving financial flexibility. The credit
profile benefits from approximately 90% contracted revenues with
the leading lead-acid battery manufacturers that include price
commitments, and demand for recycled lead that is expected to
exceed available recycling capacity and supply for the foreseeable
future. Demand for recycled lead is driven by battery manufacturing
with the large installed base of automotive lead-acid batteries in
North America creating a recurring replacement cycle. The
fee-for-service operating model minimizes commodity price risk with
only about 10% of volumes and revenues vulnerable to spot market
fluctuations. This aspect of Gopher Resource's business model is
designed to accommodate ebbs and flows in demand from the company's
conversion and cost-plus revenues. Gopher Resource is a leader in
lead-acid battery recycling and within its niche focus has the
footprint from which it can provide service to key customers in the
Midwest and Eastern US.

Longstanding customer relationships represent a key barrier to
entry as customers are reluctant to switch providers given Gopher
Resource's reliable, low conversion cost/high-yielding recycling
facilities in Eagan, MN and Tampa, FL. Additionally, Gopher
Resource's smelting capabilities can produce a wide variety of
high-value alloys to meet customer specifications.

Gopher Resource's adequate liquidity profile includes Moody's
expectations for the cash balance to remain in-line with historical
levels ($10 million - $15 million) and for free cash flow of at
least $20 million over the next twelve months. This proposed
financing is putting in place a $40 million revolving credit
facility set to expire in 2023. With the expectation of growing
free cash flow and largely contracted revenues, revolving
availability is expected to approximate the entire $40 million over
the next several years. The facility is subject to only a springing
total net leverage ratio tested if the aggregate amount of
outstanding borrowings exceeds a set percentage of the facility.
The term loan does not have financial maintenance covenants. There
are no near-term debt maturities and approximately $5 million of
annual amortization payments required on the first-lien term loan.
With the secured revolving facility and term loan, there are
limited sources of alternate liquidity as substantially all assets
are pledged.

The rating outlook is stable, indicative of Moody's expectations
for steady but modest contracted volumes and revenue growth driven
by demand for recycled lead outpacing supply and for automotive
battery replacement cycles to maintain historical trends. The
stable outlook also anticipates margin improvement with higher
operating leverage at both the Eagan facility through furnace
efficiency improvements and the Tampa facility through higher
volumes and improving cost controls. Steady deleveraging is also
anticipated with debt-to-EBITDA approaching 5x by year-end 2018.

Significant expansion of scale, reduced reliance on key customers,
higher than anticipated growth in margins and free cash flow,
boosted by better than expected volumes that translate into higher
operating efficiencies, could result in an upgrade. Debt-to-EBITDA
approaching 4x on a sustained basis and free cash flow-to-debt in
the mid-to-high single digit range would be important for an
upgrade. The ratings could be downgraded if debt-to-EBITDA remains
at or above the mid-5x range or if free cash flow is flat-to-weaker
than historical levels when excluding prior sponsor distributions.
A lack of margin growth, possibly due to lower than expected
efficiency improvements at the Tampa facility, a significant
disruption in either plant's operations or unfavorable developments
relating to lead-acid battery recycling initiatives could also
negatively impact the ratings. Additionally, with headline risk
always present, an accident related to lead handling/processing
could also lead to a downgrade.

Gopher Resource, LLC is a leading recycler of lead-acid batteries
in North America with a majority of the refined lead being re-used
in automotive and industrial batteries. Gopher Resource takes spent
batteries, separates the lead, plastic and acid and through
smelting and refining processes, produces lead, metal alloys and
plastic pellets for its customers. Latest twelve month revenues for
the period ending September 30, 2017 were approximately $360
million.

The principal methodology used in these ratings was Environmental
Services and Waste Management Companies published in June 2014.


ENTEGRIS INC: S&P Alters Outlook to Positive & Affirms 'BB' CCR
---------------------------------------------------------------
U.S. semiconductor device fabrication products manufacturer
Entegris Inc.'s revenue growth continued into 2017, closing the
year with revenues up over 14% and growth broadly distributed
across all segments. Profitability continues to improve as well,
with S&P-adjusted EBITDA margins reaching over 28% and free cash
flow of approximately $200 million, up from under $150 million in
2016.

S&P Global Ratings revised its outlook to positive from stable on
Billerica, Mass.–based Entegris Inc. and affirmed the 'BB'
corporate credit rating.

S&P said, "At the same time, we affirmed our issue-level ratings on
the company's first-lien term loan and senior unsecured notes. The
first-lien credit facilities consist of a $75 million revolver and
a term loan with $134 million outstanding. The term loan is rated
'BBB-' with a '1' recovery rating. The '1' recovery rating
indicates our expectation for very high (90%-100%; rounded
estimate: 95%) recovery of principal in the event of a payment
default. The $550 million senior unsecured notes are rated 'BB-'
and have a '5' recovery rating. The '5' recovery rating indicates
our expectation for modest (10%-30%; rounded estimate: 20%)
recovery of principal in the event of a payment default.

"The positive outlook reflects the company's strong execution,
consistent revenue growth, and a positive industry environment that
we believe will support ongoing EBITDA growth and low leverage
throughout the next year. The company's total
revenue--approximately 75% from wafer starts and approximately 25%
from semiconductor capital expenditures--grew 13.6% to $350.6
million in the fourth quarter of 2017. The company's full-year
revenues of $1.34 billion million grew 14% in 2017, up from 8.7%
revenue growth in 2016. We expect the company to continue to
generate strong revenue growth and stable EBITDA margins in 2018 as
fab utilization and industry capital spending trends remain
healthy.

"The positive outlook reflects our expectation that Entegris will
continue to grow revenues and EBITDA while gradually reducing debt
levels through accelerated term loan repayment. The outlook also
reflects our view that the company will continue to benefit as the
industry undergoes various technology transitions (e.g. 3D NAND),
and moves toward advanced process nodes (e.g. seven nanometer) that
require increasing levels of chemical purity and more stringent
thresholds for contamination.

"We could raise the rating if Entegris is able to generate strong
growth in revenues and free cash flow over the next 12 months while
maintaining the company's EBITDA margin improvement and reducing
debt. We could also raise the rating if the company maintains a
consistent capital allocation program that provides for a
sufficient amount of cash cushion on the company's balance sheet.

"We could lower the rating if a slowdown in the semiconductor
industry or a failure to secure customer design wins in leading
edge nodes leads to EBITDA declines and leverage above 3x. A more
aggressive financial policy leading to leveraged acquisitions or
increased shareholder returns could also cause us to lower the
rating."


ET SOLAR: Hires Sensiba San Filippo as Accountant
-------------------------------------------------
ET Solar, Inc., seeks authority from the U.S. Bankruptcy Court for
the Northern District of California to employ Sensiba San Filippo
LLP as accountant to the Debtor.

ET Solar requires Sensiba San Filippo to do the following and will
be paid, as follows:

   -- Preparation of the 2017 Federal             
      and California Corporate tax  
      returns.                                    $3,800 base fee

   -- Provide accounting assistance,              
      adjust or correct journal entries           $2,000-$3,500
                                                  base fee

   -- Preparation and analysis of reporting       
      requirements relative to a particular
      IRS form resulting from (i) an equity
      investment in certain foreign corporations
      or partnerships–Forms 5471 or 8865, (ii) an
      equity investment in a passive foreign
      investment company or qualified electing
      fund–Form 8621, (iii) an ownership interest
      held by a non-U.S. entity in the Company–Form
      5472; or (iv) an interest in specified
      foreign financial assets or a financial
      interest in or signature authority over a
      foreign financial account – Form 8938 or
      FinCEN Report 114.                            $200 per hour

   -- Preparation and analysis of U.S. withholding  
      reporting returns (IRS Form 1042 and related
      forms- withholding for non- U.S. investors).  $210 per hour

Sensiba San Filippo will be paid a retainer in the amount of
$3,800.

Sensiba San Filippo will also be reimbursed for reasonable
out-of-pocket expenses incurred.

John Volk, a partner at Sensiba San Filippo, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Sensiba San Filippo can be reached at:

     John Volk
     SENSIBA SAN FILIPPO LLP
     4900 Hopyard Road, Suite 200
     Pleasanton, CA 94588
     Tel: (925) 271-8700
     Fax: (925) 271-8715

                         About ET Solar

Based in Pleasanton, California, ET Solar, Inc., is a solar energy
equipment supplier.  ET Solar sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Calif. Case No. 17-43031) on Dec.
4, 2017.  In the petition signed by Steppe Hao, its president, the
Debtor estimated assets of less than $50,000 and liabilities of $10
million to $50 million.  Judge Charles Novack presides over the
case.  Binder & Malter, LLP, is the Debtor's legal counsel.


FAT FACE: Bank Debt Trades at 15.75% Off
----------------------------------------
Participations in a syndicated loan under which Fat Face Ltd is a
borrower traded in the secondary market at 84.25
cents-on-the-dollar during the week ended Friday, February 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 2.33 percentage points from the
previous week. Fat Face Ltd pays 550 basis points above LIBOR to
borrow under the $140 million facility.  The bank loan matures on
September 12, 2020. Moody's gave a B2 rating to the  loan. 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 Friday, February 2.


FINJAN HOLDINGS: B. Riley Reports 8.6% Stake as of Dec. 31
----------------------------------------------------------
In a Schedule 13G/A filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of shares of common stock of Finjan Holdings, Inc. as of Dec. 31,
2017:

                                         Shares     Percentage
                                      Beneficially     of
  Reporting Person                        Owned      Shares
  ----------------                    ------------  ----------
BRC Partners Opportunity Fund, LP      1,131,063      4.1%
B. Riley Diversified Equity Fund         420,000      1.5%
B. Riley Capital Management, LLC       1,613,316      5.8%
B. Riley FBR, Inc.                       761,639      2.7%
B. Riley Financial, Inc.               2,374,955      8.6%

The aggregate percentage of shares of Common Stock reported owned
by each Reporting Person is based upon 27,707,329 shares
outstanding as reported in the Issuer's Form 10-Q filed with the
SEC on Nov. 9, 2017

A full-text copy of the regulatory filing is available at:

                     https://is.gd/WNKiPn

                         About Finjan

Established over 20 years ago, Finjan -- http://www.finjan.com/--
is a cybersecurity company focused on four business lines:
intellectual property licensing and enforcement, mobile security
application development, advisory services, and investing in
cybersecurity technologies and intellectual property.  Licensing
and enforcement of the Company's cybersecurity patent portfolio is
operated by its wholly-owned subsidiary Finjan, Inc.  Finjan became
a wholly owned subsidiary of Finjan Holdings in June of 2013 after
a merger transaction, following which we began trading on the OTC
Markets.  The Company's common stock has been trading on the NASDAQ
Capital Market since May 2014.  Since the merger, the Company
continues to execute on its existing business lines while outlining
a vision and focusing on growth.  Finjan is based in East Palo
Alto, California.

Finjan reported a net loss attributable to common stockholders of
$6.43 million for the year ended Dec. 31, 2016, a net loss
attributable to common stockholders of $12.60 million for the year
ended Dec. 31, 2015, and a net loss of $10.47 million for the year
ended Dec. 31, 2014.  

As of Sept. 30, 2017, Finjan Holdings had $45.32 million in total
assets, $11.96 million in total liabilities, $18 million in
redeemable preferred stock and $15.35 million in total
stockholders' equity.

"Based on current forecasts, management believes that our cash and
cash equivalents will be sufficient to meet our anticipated cash
needs for working capital for at least the next 12 months from the
date of filing of this quarterly report.  Such forecasts include
approximately $5.9 million of licensing revenue to be received by
March 31, 2018 under existing contracts.  We may, however,
encounter unforeseen difficulties that may deplete our capital
resources more rapidly than anticipated.  If we need additional
funding, either debt or equity, to support our licensing and
enforcement activities, planned research and development activities
and to better solidify our financial position, it may not be
available on favorable terms, or at all.  Under such circumstances,
if we are unable to obtain additional funding on a timely basis,
the Company may be required to curtail or terminate some or all our
business plans," stated Finjan in its quarterly report for the
period ended Sept. 30, 2017.


FIRST RIVER: Seeks to Hire ASP as Financial Advisor, Appoint CRO
----------------------------------------------------------------
First River Energy, LLC, seeks approval from the U.S. Bankruptcy
Court for the Western District of Texas to hire Armory Strategic
Partners, LLC, as its financial advisor and designate Scott Avila
as its chief restructuring officer.

Mr. Avila and his firm will provide restructuring advice; review
the Debtor's financial information; work with the Debtor to develop
a bankruptcy plan; negotiate with lenders and key vendors; and
provide other services related to the Debtor's Chapter 11 case.

The hourly billing rate for the CRO is $645.  The hourly billing
rates for any additional personnel range from $395 to $695,
depending on the staff member assigned.

Armory received pre-bankruptcy retainers in the total amount of
$200,000.

Mr. Avila, a principal of Armory, disclosed in a court filing that
his firm is a "disinterested person" as defined in section 101(14)
of the Bankruptcy Code.

Armory can be reached through:

     Scott Avila
     Armory Strategic Partners, LLC
     1230 Rosecrans Avenue
     Manhattan Beach, CA 90266
     Phone: 310.220.6400
     E-mail: info@armorygroupllc.com

                     About First River Energy

Based in San Antonio, Texas, First River Energy, LLC --
http://www.firstriverenergy.com/-- is engaged in the oil and gas
extraction business.  

First River Energy filed a Chapter 11 petition (Bankr. D. Del. Case
No. 18-10080) on Jan. 12, 2018.  In its petition signed by CEO
Deborah Kryak, the Debtor estimated total assets and debt between
$10 million and $50 million.  

The Debtor hired Akerman LLP as its legal counsel, and Donlin,
Recano & Company, Inc., as claims and noticing agent.


FORTERRA INC: Bank Debt Trades at 5.87% Off
-------------------------------------------
Participations in a syndicated loan under which Forterra Inc is a
borrower traded in the secondary market at 94.13
cents-on-the-dollar during the week ended Friday, February 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 1.05 percentage points from the
previous week. Forterra Inc pays 300 basis points above LIBOR to
borrow under the $1.9 billion facility. The bank loan matures on
October 25, 2023. Moody's rates the loan 'B3' and Standard & Poor's
gave a 'B-' rating to the loan. 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 Friday,
February 2.


FOSSIL GROUP: S&P Affirms Then Withdraws 'B+' Corp. Credit Rating
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' corporate credit rating on
Texas -based Fossil Group Inc. and withdrew its issue level rating
on the company's $1.08 billion bank credit facility following its
refinancing with new unrated debt. The outlook is negative.
Subsequently, S&P withdrew its corporate credit rating on Fossil
Group at the company's request.


FREEDOM LEAF: Acquires 3,000 Shares of Green Market
---------------------------------------------------
Freedom Leaf Inc. has entered into a purchase-sale of shares/equity
purchase agreement with Luis Miguel Santos Juan and Ylenia Coves
Sansano to acquire all of the Sellers' shares of Green Market
Europe, S.L., limited liability company organized under the laws of
Spain, with the Acquisition effective as of
Jan. 5, 2018.

Mr. Juan is the owner of 1,500 shares of Green Market while Ms.
Sansano is the owner of 1,500 shares.

On Feb. 5, 2018, the Company entered into Amendment No. 1 to
Purchase Agreement with the Sellers, amending the Agreement to
clarify and correct the payment terms for Green Market Europe in
the Agreement.  Pursuant to the Agreement, as amended, the Company
paid 20,000 Euros to the Sellers and agreed to issue a total of
4,220,000 shares of Company common stock to the Sellers.  The
Company further agreed to issue an additional number of shares of
Company common stock to each of the Sellers if the volume-weighted
average price of the Company's common stock is less than
$0.10/share on the date 6 months after closing, with the number of
True-Up Shares equal to the following: ($121,000 - (2,110,000 x
Six-Month VWAP)) / Six-Month VWAP.  For example, if the Six-Month
VWAP is $0.11/share, no True-Up Shares would be due to the Sellers,
and if the Six-Month VWAP is $0.075/share, the Company would issue
each of the Sellers an additional 703,334 shares. Additionally, if
the volume-weighted average price of the Company's common stock is
less than $0.01/share on Jan. 5, 2019 and the Sellers have not
deposited any of the Shares in a brokerage account, the Company
agreed that the Sellers would have the option to repurchase the
assets of Green Market Europe from the Company for EUR100.00 and
the assumption of all Green Market Europe liabilities.  The Company
does not believe that either share price contingency will be
triggered.

Full-text copies of the Purchase Agrement and the Amendment are
available for free at:

                      https://is.gd/77VYal
                      https://is.gd/cNfefH

                       About Freedom Leaf

Based in Las Vegas, Nevada, Freedom Leaf Inc. --
http://www.freedomleaf.com/-- is currently devoting its efforts to
the news, arts and entertainment niche, both in print and online
publications, and to providing services to the cannabis/hemp
industry.  The Company generates revenue through paid advertising
in publications, print and online, in the cannabis/hemp
marketplace.  The Company earns revenue from 1) providing
consulting services to companies who are in its industry, 2)
contracting with companies to brand, market, and sell their
products and/or services, 3) providing seminars in this space, 4)
selling branded products for the Company and others the Company
represents, 5) selling licenses, both domestic and foreign, for the
use of the Freedom Leaf brand that includes the Company's products
and services, and 6) pursuing mergers and/or acquisitions having
instituted an accelerator that began working with one company
starting during the year ended June 30, 2017.

Green & Company CPAs, Inc., in Temple Terrace, Florida, issued a
"going concern" qualification in its report on the consolidated
financial statements for the year ended June 30, 2017, citing that
the Company reported a net loss of $910,650 in 2017, and used cash
for operating activities of $435,450.  At June 30, 2017, the
Company had a working capital, shareholders' equity and accumulated
deficit of $467,659, $187,818 and $4,920,988, respectively.  These
matters raise substantial doubt about the Company's ability to
continue as a going concern.

As of Sept. 30, 2017, Freedom Leaf had $1.02 million in total
assets, $905,345 in total liabilities, $174,000 in commitments and
contingencies, and a total stockholders' defficit of $58,439.


GETTY IMAGES: Bank Debt Trades at 5.41% Off
-------------------------------------------
Participations in a syndicated loan under which Getty Images Inc is
a borrower traded in the secondary market at 94.59
cents-on-the-dollar during the week ended Friday, February 2, 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 $1.9 billion facility. The bank loan matures on
October 3, 2019. Moody's rates the loan 'B3' and Standard & Poor's
gave a 'CCC' rating to the loan. 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 Friday,
February 2.


GOODWILL INDUSTRIES: Needs More Time to Deal With Bond Repayment
----------------------------------------------------------------
Goodwill Industries of Southern Nevada, Inc., asks the U.S.
Bankruptcy Court for the District of Nevada further extend the
exclusive periods during which only the Debtor can file a plan of
reorganization and obtain solicitation of the plan through and
including May 8, 2018, and July 9, 2018, respectively.

Because of the substantial and ongoing rightsizing of the Debtor,
especially with respect to its numerous leases, the Debtor requires
time to figure out its next steps and to formulate a proposed
Chapter 11 plan of reorganization.  In this regard, the Debtor has
used the initial period of this case to realign its business, which
is necessary before it will deal with how to repay the bonds and
emerge from bankruptcy.

As reported by the Troubled Company Reporter on Dec. 4, 2017, the
Court extended the exclusive period for the Debtor to file a plan
of reorganization to March 9, 2018, as well as the period to secure
acceptance of the plan to May 8, 2018.

Over the last few years, and under the leadership of prior officers
who are no longer with the organization, GSN engaged in an
aggressive expansion of its presence in Southern Nevada.  This
expansion involved GSN entering into a variety of leases that
ultimately have proven to be too expensive, unprofitable, and
unnecessary.  As a result, a significant part of GSN's initial
restructuring efforts have involved reducing the number of
locations through the rejection of various leases, and
renegotiating other leases to more favorable economic terms.  

Since the Petition Date, the Debtor has moved quickly to right-size
its footprint and to renegotiate many of its leases.  Over the last
few months Court has approved a series of motions approving
amendments to numerous of the Debtor's existing leases, thereby
resulting in significant cost savings to the estate, and the
assumption those leases, as amended.

The Debtor also continues its negotiations with its remaining
approximately six landlords, and anticipates further potential
lease-related stipulations and agreements, whether pursuant to its
forthcoming proposed Chapter 11 plan of reorganization or
otherwise.

The Debtor's reorganization efforts have not been limited to its
grappling with its unexpired leases.  On Dec. 15, 2017, the Debtor
tendered to the Indenture Trustee a preliminary draft of a Chapter
11 plan of reorganization to the Indenture Trustee, as well as a
detailed financial model and projections for its operations and
emergence from Chapter 11.  On Dec. 18, 2017, the Debtor held an
approximately three hour conference call with the Indenture Trustee
and various individual bondholders explaining in great detail not
only the progress in the Chapter 11 case to date, and the specific
changes made, but also walking through its financial model and how
it will continue to advance its progress.  At or around this same
time, and pursuant to the approved cash collateral stipulation
between the parties, the Debtor also paid in full all of the
Indenture Trustee's professionals' fees and costs incurred in the
case to date through Nov. 30, 2017, in the total amount of
$327,158.  The Debtor also has scheduled a further meeting with the
Indenture Trustee's professionals and a further conference call
with the Indenture Trustee and individual bondholders for Feb. 7,
2018.

The Debtor anticipates being in a position to file a proposed plan
of reorganization in the next 30 days and thus potentially emerge
from bankruptcy with a confirmed plan sometime mid-year.  There are
certain plan-related issues that the Debtor currently is attending
to as well, including the potential retention of a financial
advisor and/or bond and tax counsel to review its proposed plan and
to assist in the preparation of plan effectuation documents, which
may take some time.

The Debtor will also be filing several applications seeking
approval of other professional retentions, including the continued
retention of its existing real estate broker for commercial
industrial leases (Real Estate Asset Management), and a new
retention application for an additional real estate broker for
commercial retail leases (Sage Commercial Advisors).

In sum, the Debtor's progress towards a successful reorganization
in a reasonable time remains continuous and unrelenting, however,
given the additional professional retentions that are necessary at
this stage of the proceedings to assist in that endeavor, as well
as the time needed for those professionals to get up to speed and
ready to assist, the Debtor requires additional time before being
in a position to file a proposed plan and disclosure statement.  

The Debtor says that its Chapter 11 case is rather large and
complex.  The Debtor is roughly a $35 million dollar a year
operation with hundreds of employees, and, at least as of the
Petition Date, about 20 locations and numerous more attended
donation centers.  The Debtor also owes $21,365,000 in secured debt
to the Indenture Trustee that will also need to be restructured,
including the assistance of specialized professionals to deal with
such issues.

The Chapter 11 case will only be about seven months old as of the
hearing of this extension request, and thus the case has not
languished due to inactivity by any means.  In fact, the Debtor has
filed most of its many motions with a request that matters be heard
on shortened time given the exigencies of the case and the very
rapid pace at which the Debtor is proceeding herein.

The Debtor has aggressively and expeditiously taken actions to
address its issues and to lay the groundwork for a reorganization
plan.

As demonstrated by the Debtor's draft financial model and ongoing
financial reporting pursuant to a cash collateral arrangement with
its Indenture Trustee, the Debtor has the financial ability to
confirm a viable Chapter 11 plan.

To the best of the Debtor's knowledge, it is generally paying all
undisputed post-petition debts on a timely basis as they come due
on a go forward basis.

The Debtor assures the Court that it is not seeking this extension
to delay administration of this Chapter 11 case or to pressure its
creditors to accept an unsatisfactory plan of reorganization.  On
the contrary, this request is intended to facilitate an orderly,
efficient and cost-effective consensual plan with its Indenture
Trustee, if possible.  Accordingly, granting the extension of the
Exclusive Periods requested by the Debtor is reasonable and
appropriate under the circumstances.

The Debtor adds that the extension will not harm its creditors or
other parties in interest.  Indeed, a termination of the Exclusive
Periods by operation of Section 1121 of the U.S. Bankruptcy Code
would defeat the very purpose of that section, which is to afford
the Debtor a meaningful and reasonable opportunity to negotiate
with its creditors, and then propose and confirm a plan of
reorganization or other mechanism for the distribution and payment
to the unsecured creditors in full.  A termination would instead
signal a loss of confidence by the Court in the Debtor and its
reorganization efforts.

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

          http://bankrupt.com/misc/nev17-14398-339.pdf

                    About Goodwill Industries

Founded in 1975 and headquartered in North Las Vegas, Nevada,
Goodwill of Southern Nevada -- http://www.goodwill.vegas-- is a
registered 501(c)(3) nonprofit, accepts the communities' gifts in
the form of donated goods and sells those items to provide free job
training and placement services for unemployed locals.

In 2016, Goodwill of Southern Nevada served the job training needs
of 14,465 and directly placed 3,004 individuals into local jobs.
Goodwill also makes a significant impact on the environment through
recycling and reuse practices.  In 2016, there were 873,624
generous donors of goods who helped Goodwill divert over 26 million
pounds from its local landfills.

Goodwill Industries -- d/b/a Goodwill of Southern Nevada, Goodwill
Deja Blue Boutique, Goodwill Store/Donation Center, Goodwill
Clearance Center, Goodwill Select, and Goodwill Donation Center --
filed for Chapter 11 bankruptcy protection (Bankr. D. Nev. Case No.
17-14398) on Aug. 11, 2017.  In the petition  signed by John
Hederman, interim CEO, Goodwill Industries estimated its assets and
debts at between $10 million and $50 million.

Judge Bruce T. Beeley presides over the case.

Zachariah Larson, Esq., at Larson & Zirzow, LLC, serves as the
Debtor's bankruptcy counsel.  The Debtor hired Kamer Zucker Abbott
as special counsel and Piercy Bowler Taylor & Kern Certified Public
Accountants & Business Advisors as accountant and auditor.  The
Debtor employed Real Estate Asset Management, LLC as real estate
broker.


GULF MEDICAL: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Gulf Medical Services, Inc., as
of Feb. 8, according to a court docket.

                  About Gulf Medical Services

Based in Pensacola, Florida, Gulf Medical Services, Inc. --
http://www.gulfmed.com/-- has been serving respiratory equipment,
sleep therapy equipment, and medical equipment to its customers
since 1987.  The company accepts assignments and bills Medicare,
Medicaid, Blue Cross Blue Shield, TriCare, and many other private
insurance policies.  Its gross revenue amounted to $7.89 million in
2017, $10.06 million in 2016 and $12.16 million in 2015.  

Gulf Medical Services sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Fla. Case No. 18-30012) on Jan. 5,
2018.  Kenneth R. Steber, president, signed the petition.

At the time of the filing, the Debtor disclosed $1.73 million in
assets and $5.15 million in liabilities.  

Steven J. Ford, Esq., at Wilson, Harrell, Farrington, Ford, Wilson,
Spain & Parsons P.A. serves as the Debtor's bankruptcy counsel.

Judge Jerry C. Oldshue Jr. presides over the case.


H MELTON VENTURES: Trustee Taps Cavazos Hendricks as Legal Counsel
------------------------------------------------------------------
H Melton Ventures LLC's Chapter 11 trustee seeks approval from the
U.S. Bankruptcy Court for the Northern District of Texas to hire
legal counsel.

Marilyn Garner, the bankruptcy trustee, proposes to employ Cavazos
Hendricks Poirot, PC to give legal advice regarding the
administration of the Debtor's estate; assist in the analysis of
the estate's assets; advise the trustee regarding the best way to
structure a plan for payment to creditors; and provide other legal
services related to the Debtor's Chapter 11 case.

The firm's hourly rates range from $220 to $500 for attorneys and
$75 to $135 for paraprofessional services.

Lyndel Anne Vargas, Esq., a shareholder of Cavazos, disclosed in a
court filing that the firm has no connections with the Debtor or
any of its creditors.

The firm can be reached through:

     Lyndel Anne Vargas, Esq.
     Cavazos Hendricks Poirot, PC
     Founders Square, Suite 570
     900 Jackson Street
     Dallas, TX 75202
     Phone: (214) 573-7316
     Fax: (214) 573-7399
     E-mail: LVargas@chfirm.com

                     About H Melton Ventures

H Melton Ventures LLC, based in Arlington, Texas, filed a Chapter
11 petition (Bankr. N.D. Tex. Case No. 17-43922) on Sept. 28, 2017,
estimating $1 million to $10 million in both assets and
liabilities, with the petitions signed by Michael Warden, its
manager.  Chapter 11 cases were also commenced by Michael G. Warden
(Case No. 17-33888) and Henry J. Melton, II (Case No. 17-44206).

The Hon. Russell F. Nelms presides over the cases.

David D. Ritter, Esq., at Ritter Spencer PLLC, serves as bankruptcy
counsel to the Holding Company, H Melton Ventures, LLC.  The
Debtors, Henry J. Melton II and H. Melton Ventures RD, LLC, hired
Wiley Law Group, PLLC, as counsel.


HALCON RESOURCES: Add-On Notes No Impact on Moody's B3 CFR
----------------------------------------------------------
Moody's Investors Service commented that Halcon Resources
Corporation's proposed $200 million principal amount of additional
senior unsecured notes due 2025 (Additional Notes) will not affect
the company's existing credit ratings, including its B3 Corporate
Family Rating (CFR) or stable outlook.

The Additional Notes are being offered as an addition to the
company's existing 6.75% senior unsecured notes due 2025, of which
$850 million were issued in February 2017. The company repurchased
$425 million principal amount of the notes at 103% of par plus
accrued and unpaid interest in October 2017. The company will use
the proceeds from the offering along with a concurrent
approximately $50 million public equity offering to partially fund
the acquisition of additional Delaware Basin acreage.

"As Halcon builds and develops its Delaware Basin acreage position,
Moody's expect the company's capital expenditures will
significantly outspend operating cash flow," commented Amol Joshi,
Moody's Vice President. "The company will need to manage its
liquidity position while it pursues an aggressive spending plan."

RATINGS RATIONALE

Halcon's $625 million senior unsecured notes due 2025 (pro forma
for the Additional Notes issuance) are rated Caa1, one notch below
the B3 CFR under Moody's Loss Given Default Methodology. This
notching reflects the priority claim given to the senior secured
revolving credit facility within the capital structure.

Halcon's B3 CFR reflects its small scale, with average daily
production estimated to be approximately 6,300 barrels of oil
equivalent per day in the fourth quarter of 2017, and the company
is executing a drilling program to rapidly grow production. Halcon
successfully reduced its significant debt and interest expense
burden through the bankruptcy process from previously unsustainable
levels, and a portion of the cash proceeds from its Bakken asset
sale was used to further reduce debt balances. The announced Ward
County acquisition will further expand the company's drilling
inventory since the closing of its initial Delaware Basin acreage
acquisition in early 2017, providing Halcon with a multi-year
drilling inventory at favorable economics. However, Halcon will
need to spend significant capital to develop the acquired acreage.
Halcon's rating is constrained by its small asset footprint, and
the execution risk involved in profitably developing its acquired
acreage.

Halcon's SGL-3 Speculative Grade Liquidity Rating reflects adequate
liquidity through 2018. Upon the sale of the Williston Basin
operated assets, Halcon had $989 million of balance sheet cash as
of September 30, 2017. After paying down a portion of its debt and
other transactions including the sale of Williston Basin's
non-operated assets, this cash balance was reduced to about $550
million. Pro forma for the Additional Notes and concurrent equity
offering, Halcon is expected to have about $250 million in balance
sheet cash by the end of 2018's first quarter. The company also has
a $100 million borrowing base revolving credit facility, which was
undrawn as of September 30, 2017. Negative free cash flow is
expected to be funded with cash or borrowings under the revolving
credit facility. The company's nearest maturity is the senior
secured credit facility, which matures on September 7, 2022. The
credit facility has two financial covenants: a maximum Total Net
Indebtedness Leverage Ratio of 4.5x for the fiscal quarter ending
June 30, 2018 dropping to 4x for any fiscal quarter thereafter, and
a minimum Current Ratio of 1.0x. At September 30, the company was
in compliance with its financial covenants. While the banks waived
Halcon's compliance requirement with its leverage covenant for the
first quarter of 2018, it is possible that Halcon's liquidity will
weaken if production and EBITDA growth does not keep pace with
Halcon's aggressive capital spending plan.

The rating outlook is stable reflecting Moody's expectation that
the company will grow production as anticipated while maintaining
adequate liquidity. Halcon's ratings could be upgraded if the
company's average daily production approaches 25,000 boe per day,
while the leveraged full cycle ratio exceeds 1x and retained cash
flow to debt exceeds 20% on a sustained basis after its hedges roll
off. Halcon's ratings could be downgraded if retained cash flow to
debt falls below 10% or production does not grow as anticipated.
The ratings could also be downgraded if liquidity materially
deteriorates.

Halcon Resources Corporation is an independent exploration and
production company engaged in the acquisition, production,
exploration and development of onshore oil and natural gas
properties in the United States.


HANDSOME INC: Taps Harlow Adams as Legal Counsel
------------------------------------------------
Handsome, Inc., seeks approval from the U.S. Bankruptcy Court for
the District of Connecticut to hire Harlow, Adams & Friedman, P.C.,
as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; assist the Debtor in its financial transactions;
give advice regarding the validity of liens asserted against its
property; assist in the preparation of a plan of reorganization;
and provide other legal services related to its Chapter 11 case.

The firm's hourly rates are:

     Partners                          $400
     Associates                    $275 to $330
     Paralegal/Legal Assistant          $85

Harlow received a retainer in the sum of $4,813 prior to the
Petition Date.

James Nugent, Esq., a partner at Harlow, disclosed in a court
filing that his firm is "disinterested" as defined in Section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     James M. Nugent, Esq.
     Harlow, Adams & Friedman, P.C.
     One New Haven Ave, Suite 100
     Milford, CT 06460
     Tel: (203) 878-0661
     Fax: (203) 878-9568
     E-mail: jmn@quidproquo.com

                       About Handsome Inc.

Based in Easton, Connecticut, Handsome, Inc., is the owner of
properties located in Monroe, Connecticut, with an estimated
aggregate value of $419,600.

Handsome, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Conn. Case No. 18-50122) on Feb. 1, 2018.  In the
petition signed by Todd Cascella, president, the Debtor disclosed
$424,760 in assets and $3.02 million in liabilities.  Judge Julie
A. Manning presides over the case.   Harlow, Adams & Friedman,
P.C., is the Debtor's legal counsel.


HARBOR BAR DOCKS: U.S. Trustee Says Plan Outline Inaccurate
-----------------------------------------------------------
United States Trustee Patrick S. Layng objects to the approval of
Harbor Bar Docks Incorporated's disclosure statement dated Jan. 22,
2018.

The United States Trustee alleges that the Disclosure Statement
inaccurately states that the case is a small business case. The
Debtor did not check the box on its Voluntary Petition indicating
that the Debtor is a small business debtor. The docket, therefore,
does not indicate that this is a small business case.

The Disclosure Statement is also inaccurate and incomplete. For
example, the Disclosure Statement lists the only claim in this case
(the secured claim of Hiawatha National Bank) as a priority tax
claim, rather than a secured claim. The Disclosure Statement also
does not describe the Debtor’s financial relationship with an
affiliate, Harbor Bar, Inc. which is Case No. 17-10990.

A copy of the U.S. Trustee's Objection is available at:

     http://bankrupt.com/misc/wiwb1-17-10989-39.pdf

Attorney for U.S. Trustee:

     Thomas P. Walz
     Office of the U.S. Trustee
     780 Regent St., Suite 304
     Madison, WI 53715
    (608) 264-5522, ext. 5643

          About Harbor Bar Docks Incorporated

Harbor Bar Docks Incorporated and Harbor Bar, Inc. sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D.
Wis. Case Nos. 17-10989 and 17-10990) on March 26, 2017.  The
petitions were signed by Bradley Smith, president of Harbor Bar
Docks.

At the time of the filing, both Debtors disclosed that they had
estimated assets and liabilities of less than $1 million.


HARBOR BAR: Plan Disclosures Incomplete, U.S. Trustee Complains
---------------------------------------------------------------
United States Trustee Patrick S. Layng objects to the approval of
Harbor Bar, Inc.'s disclosure statement dated Jan. 22, 2018 because
it does not provide adequate information.

As a preliminary matter, the U.S. Trustee alleges that the
Disclosure Statement inaccurately states that the case is a small
business case. It is not clear whether the Debtor meets the
definition of a "small business debtor" in Section 101(51D).
However, the Debtor did not check the box on its Voluntary Petition
indicating that the Debtor is a small business debtor. The docket,
therefore, does not indicate that this is a small business case.

The Disclosure Statement is also inaccurate and incomplete in
numerous ways. The Disclosure Statement does not provide some of
the most basic information necessary to evaluate Debtor's Plan of
Reorganization, such as the holder and amount of several secured
claims, an accurate description of the classes of claims, and the
proposed treatment of those classes.

The Court should not approve the Disclosure Statement unless it is
amended to include sufficient information for creditors to
determine whether to accept or reject Debtor's Plan.

A copy of the U.S. Trustee's Objection is available at:

     http://bankrupt.com/misc/wiwb1-17-10990-40.pdf

Attorney for U.S. Trustee:

     Thomas P. Walz
     Office of the U.S. Trustee
     780 Regent St., Suite 304
     Madison, WI 53715
     (608) 264-5522, ext. 5643

                    About Harbor Bar Inc.

Harbor Bar Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Wis. Case No. 17-10990) on March 26,
2017.  The petition was signed by Bradley Smith, authorized
representative.

At the time of the filing, the Debtor estimated assets and
liabilities of less than $1 million.


HHGREGG INC: Seeks April 5 Plan Exclusivity Period Extension
------------------------------------------------------------
hhgregg, Inc. and its affiliated debtors request the U.S.
Bankruptcy Court for the Southern District of Indiana for an
extension of the periods within which the Debtors have the
exclusive right to file a chapter 11 plan or plans and to solicit
acceptances of such plan or plans, through and including April 5,
2018, and July 5, 2018, respectively.

The Debtors relate that over the last few months, they have
continued to be focused on the successful wind-down of their
estates in order to maximize the value of their assets for the
benefit of their creditors. To this end, the Debtors, along with
the Committee, are actively pursuing over 150 lawsuits based on
chapter 5 claims in addition to numerous breach of contract claims.
The Debtors are also continuing to evaluate what additional assets
remain in order to maximize the value for their creditors.

The Debtors have recently been working collaboratively with the
Pre-Petition Secured Lenders, the DIP Lenders, and the Committee to
negotiate an amendment to the DIP Agreement that maximizes the
value of the Debtors' estate and the return to creditors.

Finally, on December 14, 2017, the Debtors were able to file their
Notice of Submission of Second Amendment to Debtor-in-Possession
Loan and Security Agreement. The Debtors claim that extending the
Exclusive Periods will allow the results of these extensive
negotiations to play out in a way that benefits all constituencies
as the Debtors work toward a liquidation of their remaining assets

                       About hhgregg Inc.

Indianapolis, Indiana-based hhgregg, Inc., is an appliance,
electronics and furniture retailer.  Founded in 1955, hhgregg is a
multi-regional retailer currently with 220 stores in 19 states that
also offers market-leading global and local brands at value prices
nationwide via http://www.hhgregg.com/

hhgregg Inc., Gregg Appliances Inc. and HHG Distributing LLC sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Ind. Lead Case No. 17-01302) on March 6, 2017.  The petitions were
signed by Kevin J. Kovacs, chief financial officer.

At the time of the filing, hhgregg and HHG Distributing estimated
assets and liabilities of less than $50,000.  Gregg Appliances
estimated assets and liabilities at $100 million to $500 million.

The Debtors engaged Morgan, Lewis & Bockius LLP and Ice Miller LLP
as counsel; Berkeley Research Group, LLC as financial advisor;
Stifel and Miller Buckfire & Co. as investment banker; Hilco IP
Services as intellectual property advisor; Altus Group US, Inc., as
tax advisor; and Donlin, Recano & Company, Inc., as claims and
noticing agent.

The U.S. Trustee has appointed creditors to serve on the official
committee of unsecured creditors in the case of Gregg Appliances,
Inc., Case No. 17-01303-RLM-11. No official committee has been
appointed in the cases of hhgregg, Inc., No. 17-01302-RLM-11 or HHG
Distributing, LLC, No. 17-01304-RLM-11.

The Committee hired Cooley LLP and Bingham Greenebaum Doll LLP as
counsel, and ASK LLP as avoidance claims counsel.  The Committee
retained Province Inc. as financial advisor. The Committee tapped
Chipman Brown Cicero & Cole, LLP as its special counsel.

Counsel to the Agent for the Debtors' prepetition secured lenders
and the lenders providing DIP financing are Sean M. Monahan, Esq.,
at Choate, Hall & Stewart LLP; and Jay Jaffe, Esq., at Faegre Baker
Daniels, LLP.

Counsel to the FILO Agent is Stuart Brown, Esq., at DLA Piper LLP.

                          *     *     *

When hhgregg filed for Chapter 11 bankruptcy, it had signed a term
sheet with an anonymous party to purchase the Company assets.  The
Company said at that time it expected a quick and smooth process
through Chapter 11 with emergence in approximately 60 days.  Ten
days later, hhgregg said it has terminated the nonbinding term
sheet with the anonymous party because the Company was unable to
reach a definitive agreement on terms, and said it continues to
work with interested third parties to purchase assets of the
business.  hhgregg added it had received strong interest from third
parties interested in buying some or all of the Company's assets.

Subsequently, hhgregg executed a consulting agreement with a
contractual joint venture comprised of Tiger Capital Group, LLC,
and Great American Group, LLC, to conduct a sale of the merchandise
and furniture, fixtures and equipment located at the Company's
retail stores and distribution centers.

In an April order, the Bankruptcy Court approved, at the Company's
request, a plan for the Company to close 132 retail stores and the
Company's distribution centers.

According to a disclosure with the Securities and Exchange
Commission in March, debtors Gregg Appliances, Inc., and HHG
Distributing, LLC, entered into a Consulting Agreement with a
contractual joint venture between Tiger Capital Group and Great
American Group to conduct the sale of the merchandise and
furniture, fixtures and equipment located at the Company's 132
retail stores and the distribution centers.

As of June 8, 2017, the Debtors have completed store closing sales
in all its stories.

The Company has said it does not anticipate any value will remain
from the bankruptcy estate for the holders of the Company's common
stock, although this will be determined in the continuing
bankruptcy proceedings.


HIDDEN VALLEY: Case Summary & Largest Unsecured Creditors
---------------------------------------------------------
Debtor affiliates that filed voluntary petitions seeking relief
under Chapter 11 of the Bankruptcy Code:

    Debtor                                         Case No.
    ------                                         --------
    Hidden Valley Ranch I, LLC                     18-01249
    8711 E. Pinnacle Peak Rd.
    Suite F110 PMB 318
    Scottsdale, AZ 85255

    Hidden Valley Ranch II, LLC                    18-01251
    8711 E. Pinnacle Peak Rd.
    Suite F110 PMB 318
    Scottsdale, AZ 85255

Business Description: Each of the Debtors is a privately held
                      company in Scottsdale, Arizona.

Chapter 11 Petition Date: February 9, 2018

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Hon. Madeleine C. Wanslee (18-01249)
       Hon. Paul Sala (18-01251)

Debtors' Counsel: Gerald L. Shelley, Esq.
                  FENNEMORE CRAIG, P.C.
                  2394 E. Camelback Road, Suite 600
                  Phoenix, AZ 85016-3429
                  Tel: 602-916-5439
                  Fax: 602-916-5639
                  E-mail: gshelley@fclaw.com


Each Debtor's Assets: $1 million to $10 million

Each Debtor's Liabilities: $1 million to $10 million

The petitions were signed by Craig Davis, Sr., authorized
representatives of the Debtors.

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

           http://bankrupt.com/misc/azb18-01249.pdf
           http://bankrupt.com/misc/azb18-01251.pdf

A copy of Hidden Valley Ranch I's list of 18 largest unsecured
creditors is available for free at:

        http://bankrupt.com/misc/azb18-01249_creditors.pdf

A copy of Hidden Valley Ranch II's list of 13 largest unsecured
creditors is available for free at:

        http://bankrupt.com/misc/azb18-01251_creditors.pdf


IHEARTCOMMUNICATIONS INC: Fitch Affirms 'C' Issuer Default Rating
-----------------------------------------------------------------
Fitch Ratings has affirmed iHeartCommunications, Inc.'s Long-Term
Issuer Default Rating (IDR) at 'C'. Fitch has also downgraded the
IDRs for Clear Channel Worldwide Holdings, Inc. (CCWW) and Clear
Channel International B.V. (CCIBV) to 'B-' from 'B', reflecting the
weakening credit profile of the outdoor subsidiary.

CCWW and CCIBV are indirect, wholly-owned subsidiaries of Clear
Channel Outdoor Holdings, Inc. (CCOH), iHeart's 89.5% owned outdoor
advertising subsidiary. The Rating Outlook on the outdoor
subsidiaries is Stable.

iHeart's 'C' IDR reflects the likelihood for a near-term default
and potential restructuring event, which increased following the
company's strategic decision to not pay the $106 million cash
interest payment on a more junior piece of debt that was due on
Feb. 1, 2018. Fitch believes iHeart's decision reflects its efforts
to continue to negotiate with senior lenders and reach an agreement
out of bankruptcy court. The company has a 30-day grace period to
make the payment, which will expire on March 3, 2018; otherwise it
will be in default per the indenture governing the 14% senior notes
due 2021. While liquidity was tight as of third quarter 2017
(3Q'17), with just $64 million in balance sheet cash at stand-alone
iHeart (excluding the $222 million at CCOH), Fitch believes that
iHeart likely has enough cash and available liquidity to make the
payment. The company refinanced and extended its ABL facility in
November (the new facility has a $250 million revolver depending on
the borrowing base, and $65 million was outstanding at the time of
the refinancing). iHeart also has additional liquidity levers it
could utilize, including a potential capital raise at unrestricted
subsidiary Broader Media, which holds 100 million shares of Clear
Channel Outdoor stock.

In Fitch's view, the company has limited runway absent a
restructuring. iHeart's credit agreement contains a covenant that
requires the absence of going-concern language in the annual audit.
Fitch believes it is unlikely that iHeart will pass this hurdle
particularly as the recent 10Q fillings have included such
commentary questioning the company's ability to continue as a
going-concern. The company's FCF deficits have expanded over the
course of 2017, owing to operational weakness and some unfavourable
trends in accounts receivables collections. iHeart has modest
near-term maturities with $175 million of debt maturing in June
2018, but is nearing the $8.3 billion maturity wall in 2019 (with
the $5 billion Term Loan D due in January 2019).

The downgrade to a 'B-' IDR on CCWW and CCIBV reflects the
weakening credit profile of CCOH. Outdoor's Fitch-calculated gross
leverage has increased to 9.2x for the LTM period ending September
2017, up from roughly 8.0 at year-end 2016, owing to asset sales
(Australia in 2016 and Canada in 2017), incremental debt issuance
and higher costs. Fitch also notes that iHeart continues to sweep
operating cash from its outdoor subsidiary through the intercompany
note with CCOH. The outstanding balance has continued to increase,
reaching $1.051 billion as of Sept. 30, 2017, up from roughly
$928.8 million in the prior quarter. The intercompany note is a
senior unsecured obligation of iHeart and is payable on demand. If
iHeart were to file for bankruptcy, CCOH would become a senior
unsecured creditor of iHeart. The company recently amended the
terms of the intercompany note and extended its maturity from Dec.
15, 2017 to May 15, 2019.

KEY RATING DRIVERS

Missed Interest Payment: On Feb. 1, 2018, iHeart decided not to pay
the $106 million in cash interest that was owed to holders of the
14% senior notes due 2021. The decision was strategic in nature as
the company continues to negotiate with its various lending groups
to reach an agreement on an out-of-court restructuring. iHeart has
30 days to make the interest payment, otherwise it will be in
default under the indenture governing the 14% notes. However, in
Fitch's view, the company has limited runway absent a
restructuring. iHeart's credit agreement contains a covenant that
requires the absence of going-concern language in the annual audit.
Fitch believes it is unlikely that iHeart will pass this hurdle.

Global Restructuring Efforts Continues: On March 15, 2017, iHeart
commenced a global restructuring targeting approximately $14.6
billion in debt including substantially all of the outstanding debt
at iHeart. The ratings reflect Fitch's view that the exchange
offers would be considered distressed debt exchanges (DDE) and
Fitch belief that they are being conducted largely to avoid a
bankruptcy. Fitch notes that to date there has been minimal
progress with lenders (just 0.4% of notes have been tendered).
iHeart extended the exchange offers for the 20th time (until Feb.
16) in efforts to continue discussions with lenders.

Highly Levered: iHeart's gross leverage was 12.9x for the LTM
period ending Sept. 30 2017, and has been modestly increasing due
to weaker than expected operating performance and debt issuance.
Year-to-date adjusted OIBDAN was lower than Fitch's expectations,
owing to higher radio programming expenses (talent renewals) and
investment in sales as well as higher outdoor site lease expenses
offset somewhat by the company's cost reduction efforts. iHeart's
FCF deficits expanded to $688 million for the LTM period, as
compared to $418 million in fiscal year (FY) 2016, driven by
reduced operating cash flow and unfavorable working capital swings.
iHeart issued a $150 million add-on to the 8.75% senior notes at
international subsidiary, CCIBV, to bolster liquidity in August
2017.

Tight Liquidity: Cash balances were low at just $64 million as of
Sept. 30, 2017, excluding the $222 million in cash at subsidiary
CCOH, of which $206 million is held internationally. iHeart
recently refinanced and extended its ABL facility until 2020, which
Fitch views positively. The facility includes a $300 million term
loan component and a $250 million revolving component which will
fluctuate based on the borrowing base. $365 million was outstanding
at the time of the refinancing, including $65 million under the ABL
revolver. iHeart has roughly $550 million in aggregate cash
interest payments due during 1Q'18 and Fitch estimates $1.8 billion
in cash interest for FY 2018. While near-term maturities are modest
through 2018, the company has $8.3 billion in debt maturing in
2019.

Levers to Address Maturities: iHeart has several levers to bolster
near-term liquidity. However, Fitch believes these may be difficult
to execute while iHeart is negotiating with lenders, particularly
if it relates to outdoor assets or the 100 million shares of CCOH
held by unrestricted subsidiary, Broader Media LLC.

Outdoor Ratings: CCWW's IDR considers its stand-alone credit
profile and its legal and operational relationship with iHeart.
CCWW is an indirect wholly owned subsidiary of CCOH, an 89.5%
indirectly owned subsidiary of iHeart that holds all its outdoor
assets. Although there is material protection for CCWW, iHeart is
expected to continue to extract cash from the entity.

Outdoor Subsidiaries' Weakening Credit Profile: Fitch believes that
the credit profile of the outdoor subsidiary has weakened owing to
a combination of asset sales, debt issuance and weaker operating
performance. Outdoor's Fitch-calculated gross leverage has
increased to 9.2x for the LTM period, up from roughly 8.0x at
year-end 2016. Fitch also notes that iHeart continues to sweep
operating cash from its outdoor subsidiary through the intercompany
note with CCOH. The outstanding balance has continued to increase,
reaching $1.051 billion as of Sept. 30, 2017.

DERIVATION SUMMARY

iHeart's 'C' IDR reflects the increased likelihood for a near-term
default and potential restructuring event following the company's
strategic decision to not pay the $106 million cash interest
payment on a more junior piece of debt that was due on Feb. 1,
2018. As the largest U.S. terrestrial radio broadcaster, the
company's scale affords it the ability to garner EBITDA margins
toward the high-end of the peer group. However, iHeart is unable to
support its capital structure, including high cash interest costs
that absorb all of the company's EBITDA generation.

KEY ASSUMPTIONS

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

-- Radio revenue growth relatively flat reflecting secular
    challenges in the radio segment and offset somewhat by the
    return of political revenues in even years.

-- Fitch estimates declines in Outdoor revenue in 2017 reflect
    impact of non-core asset divestitures and that consolidated
    Outdoor revenues return to flat to low single-digit growth in
    2018.

-- EBITDA margins compresses in 2017 and remain at this level due

    to higher costs.

-- Fitch estimates capex at the mid-point of management guidance
    of between $275 million-$300 million for 2017. Capex
    approximating 5% of revenues thereafter.

-- iHeart fails to pay $106 million cash interest payment within
    the 30-day grace period. The company is in default under the
    indenture for the 14% senior notes due 2021. The company
    enters a Chapter 11 bankruptcy.

-- iHeartCommunications, Inc.: The Recovery rating reflects
    Fitch's expectation that the enterprise value of the company
    and hence recovery rate for its creditors will be maximized in

    a restructuring scenario (as a going concern) rather than
    liquidation. Fitch estimates an adjusted distressed enterprise

    valuation of $5.6 billion using a 6.0x multiple and $855
    million in going-concern EBITDA. The going-concern EBITDA is
    reflects the secular pressures on the radio sector and a
    cyclical decline in advertising revenues, which places
    pressures on revenues and EBITDA.

-- 6.0x Multiple is slightly below recent trading and transaction

    multiples. Fitch believes it incorporates the level of
    deterioration in the operating profile of the radio business
    under a distressed scenario.

-- Most recently, the public radio broadcasting peer set is
    trading at an EV/EBITDA multiple of 7.0x on average. Entercom
    Communications Corp. (Entercom) announced its acquisition of
    CBS Radio Inc. in February 2017. The merger transaction was
    valued at $2.86 billion or 7.2x projected 2017 cash flow per
    SNL Kagan. This marks a significant deterioration from
    historical transaction multiples.

-- Assumes CCOH is sold for $5.5 billion at a 9.5x EBITDA
    multiple and once CCOH debt is paid off, 89.5% of the
    remaining value goes to iHeart. By Fitch's estimates, residual

    value to iHeartCommunications' debt holders is roughly $450
    million.

-- Recovery assumes proceeds are distributed pro rata among banks

    and senior note holders.

-- Assumes fully drawn ABL Facility.

-- The recovery analysis implies a 'C' issue rating and on the
    senior secured credit facilities and secured priority
    guarantee notes and a recovery rating of 'RR4'. The recovery
    implies a 'C' issue rating for the unsecured PIK notes and the

    iHeart legacy (pre-LBO) notes and a recovery rating of 'RR6'.

-- Clear Channel Worlwide Holdings, Inc.: Fitch estimates an
    adjusted distressed enterprise valuation of $3.5 billion using

    a 7.0x multiple and $410 million in going-concern EBITDA. The
    going-concern EBITDA reflects the impact on revenues of a
    softening in the advertising market, which negatively impacts
    outdoor advertising revenues. Additionally, given the high
    fixed costs, EBITDA declines by a greater degree than
    revenues.

-- The 7.0x multiple incorporates the Clear Channel Outdoor's
    leading position in North America. Fitch estimates that iHeart

    sold domestic non-core outdoor assets for a multiple of
    roughly 12.5x in 2016. Additionally, current public trading
    multiples are in the 11x-13x range.

-- Assumes fully drawn subsidiary revolving credit facility of
    $75 million.

-- The recovery implies a 'B+' issue rating on the senior
    unsecured notes, +2 from the 'B-' IDR and an 'RR2'. The
    recovery model implies a 'CCC+' issue rating and 'RR5' for the

    senior subordinated notes.

-- Clear Channel International B.V.: Fitch estimates an adjusted
    distressed enterprise valuation of $602 million using a 6.0x
    multiple and $101 million in going-concern EBIDA. The going-
    concern EBITDA reflects the impact on revenues of a softening
    in the advertising market, which negatively impacts outdoor
    advertising revenues. Additionally, given the high fixed
    costs, EBITDA declines by a greater degree than revenues. The
    6.0x multiple reflects the overall smaller scale of Clear
    Channel's international operations. The recovery model implies

    a 'B+' issue rating for the senior unsecured notes, +2 from
    the 'B-' LT IDR, and an 'RR2' category.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead to
Positive Rating Action
-- Fitch does not expect any near-term improvement to the rating.

Developments That May, Individually or Collectively, Lead to
Negative Rating Action
-- A negative rating action to 'D' would be taken if iHeart fails

    to pay the missed cash interest payment on the 14% senior
    notes due 2021 within the 30-day grace period.

LIQUIDITY

Liquidity was tight at 3Q'17 2017 with just $64 million in
stand-alone iHeart balance sheet cash (iHeart had $286.4 million in
balance sheet cash less $222.4 million held by subsidiary CCOH).
Additionally, the company refinanced and extended its ABL facility
in November. The facility includes a $300 million term loan
component and a $250 million revolving component which will
fluctuate based on the borrowing base. $365 million was outstanding
at the time of the refinancing, including $65 million under the ABL
revolver.

iHeart's FCF deficits increased over the course of 2017 ($688
million for the LTM period ending September 2017 up from $418
million in full-year 2016), driven by higher operating expenses,
weaker results in the radio unit, and unfavourable working capital
swings owing mostly to slower accounts receivable collections.

Fitch estimates $1.8 billion in cash interest payments over the
next 12 months. iHeart also has near-term debt maturities including
$175 million of 6.875% senior notes due on June 15, 2018 and $25
million in contractual catch-up payments on the iHeart 14% senior
notes due 2021. The company's big hurdle remains the $8.3 billion
maturity wall in 2019.

Fitch remains concerned about a near-term default. Fitch does not
believe that iHeart has enough liquidity to cover required interest
and principal payments over the next 12 months, without completing
a successful restructuring with lenders or conducting additional
liquidity generating transactions. In addition to funding deficits,
Fitch remains concerned that the company will trip the covenant in
the bank credit facilities that requires the absence of going
concern language in the annual audit.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:

HeartCommunications, Inc. (iHeart):
-- Long-term IDR at 'C';
-- Senior secured term loans at 'C/RR4';
-- Senior secured priority guarantee notes at 'C/RR4';
-- Senior unsecured guarantee notes due 2021 at 'C/RR6';
-- Senior unsecured legacy notes at 'C/RR6'.

Fitch has downgraded the following ratings:

Clear Channel Worldwide Holdings, Inc. (CCWW)
-- Long-term IDR to 'B-' from 'B';
-- Senior unsecured notes to 'B+/RR2' from 'BB-/RR2';
-- Senior subordinated notes to 'CCC+/RR5' from 'B-/RR5'.

Clear Channel International B.V. (CCIBV)
-- Long-term IDR to 'B-' from 'B';
-- Senior unsecured notes to 'B+/RR2' from 'BB-/RR2'.


INTERIOR & EXTERIOR: Plan Outline Conditionally Approved
--------------------------------------------------------
Judge Susan D. Barrett of the U.S. Bankruptcy Court for the
Southern District of Georgia issued an order conditionally
approving Interior & Exterior Associates, Inc.'s small business
disclosure statement with respect to its chapter 11 plan filed on
Jan. 6, 2018.

March 16, 2018 is fixed as the last day for filing written
acceptances or rejection of the plan, and the last day for filing
and serving written objections to the disclosure statement and
confirmation of the plan.

A hearing will be held on March 22, 2018, at 10:00 AM, Federal
Justice Center, Plaza Bldg, 600 James Brown Blvd (9th St), Augusta,
GA 30901, to consider final approval of the disclosure statement
and for the hearing on confirmation of the plan.

            About Interior & Exterior Associates

Headquartered in Augusta, Georgia, Interior & Exterior Associates,
Inc., filed for Chapter 11 bankruptcy protection (Bankr. S.D. Ga.
Case No. 17-11176) on Aug. 8, 2017, estimating its assets and
liabilities at between $100,001 and $500,000 each.  The Debtor is
represented by Charles W. Wills, Esq., at Wills Law Firm, LLC.


ISLAND VIEW: Ch. 11 Trustee Hires Karalis PC as Counsel
-------------------------------------------------------
Kevin O'Hallaron, the Chapter 11 Trustee of Island View Crossing
II, L.P., seeks authority from the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania to employ Karalis PC, as counsel
to the Trustee.

The Trustee requires Karalis PC to:

   a. advise the Trustee of his rights, powers and duties;

   b. advise the Trustee concerning, and assisting in the
      negotiation and documentation of the use of cash collateral
      and debtor in possession financing, debt restructuring and
      related transactions;

   c. review the nature and validity of agreements relating to
      the Debtor's business, and advise the Trustee in connection
      therewith;

   d. review the nature and validity of liens, if any, asserted
      against the Debtor, and advise the Trustee as to the
      enforceability of such liens;

   e. advise the Trustee concerning the actions he might take to
      collect and recover property for the benefit of the
      Debtor's estate;

   f. prepare on the Trustee's behalf all necessary and
      appropriate applications, motions, pleadings, orders,
      notices, petitions, schedules, and other documents, and
      review all financial and other reports to be filed in the
      Chapter 11 case;

   g. advise the Trustee concerning, and prepare responses to,
      applications, motions, pleadings, notices and other papers
      which may be filed in the Chapter 11 case;

   h. counsel the Trustee in connection with formulation,
      negotiation and promulgation of a plan of reorganization
      and related documents; and

   i. perform all other legal services for and in behalf of the
      Trustee, which may be necessary or appropriate in the
      administration of the Chapter 11 case.

Karalis PC will be paid based upon its normal and usual hourly
billing rates. The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Aris J. Karalis, a partner at Karalis PC, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Karalis PC can be reached at:

         Aralis J. Karalis, Esq.
         Karalis P.C.
         1900 Spruce Street
         Philadelphia, PA
         Tel: (215) 546-4500
         Fax: (215) 985-4175
         E-mail: AKaralis@karalislaw.com

                  About Island View Crossing II

Island View Crossing II, L.P., Calnshire Estates, LLC, and Steeple
Run, LP filed their respective Chapter 11 petitions (Bankr. E.D.
Pa. Case Nos. 17-14454, 17-14457 and 17-14458, respectively), on
June 30, 2017.

Island View, Calnshire Estates, and Steeple Run, are affiliates of
One State Street Associates which filed a voluntary petition on
June 21, 2017 (Bankr. E.D. Pa. Case No. 17-14291).  The Debtors are
managed by Renato J. Gualtieri, a real estate developer based in
Langhorne, PA.

The Debtors' individual cases have not been ordered to be jointly
administered or consolidated and thus, each Debtor has its own
separate bankruptcy estate. The Hon. Eric L. Frank presides over
these cases.

The petitions were signed by Renato J. Gualtieri, president of the
Debtors' corporate general partner.

David B. Smith, Esq., at Smith Kane Holman, LLC, serves as the
Debtors' bankruptcy counsel. They hired Stradley Ronon Stevens &
Young, LLP, as special litigation counsel.

At the time of the filing, the Debtors estimated their assets and
debts at $1 million to $10 million, except for Calnshire Estates,
which estimated its assets to be between $10 million to $50
million.

On January 30, 2018, the U.S. Trustee for Region 3 appointed Kevin
O'Hallaron as the Chapter 11 trustee in the case of Island View
Crossing II, L.P.  The Trustee hired Karalis PC, as counsel.


J CREW GROUP: Stephen Squeri Quits from Board of Directors
----------------------------------------------------------
Stephen Squeri has resigned from the Board of Directors of J.Crew
Group, Inc., effective Feb. 2, 2018.  Mr. Squeri's resignation
decreased the size of the Board to nine members.  Mr. Squeri served
on the Company's Board from September 2010 until March 2011 and
rejoined the Board in June 2012 and has most recently served as a
member of the Board's Audit Committee and Compensation Committee.
Mr. Squeri's resignation is not due to a disagreement with the
Company, the Board or management on any matter, according to a Form
8-K filed by the Company with the Securities and Exchange
Commission.

                     About J.Crew Group, Inc.

Headquartered in New York, New York, J.Crew Group, Inc. --
http://www.jcrew.com/-- is an internationally recognized
omni-channel retailer of women's, men's and children's apparel,
shoes and accessories.  As of Nov. 21, 2017, the Company operates
269 J.Crew retail stores, 121 Madewell stores, jcrew.com,
jcrewfactory.com, the J.Crew catalog, madewell.com, and 182 factory
stores (including 42 J.Crew Mercantile stores).

For the year ended Jan. 28, 2017, J. Crew reported a net loss of
$23.51 million following a net loss of $1.24 billion for the year
ended Jan. 30, 2016.  As of Oct. 28, 2017, J.Crew Group had $1.22
billion in total assets, $2.41 billion in total liabilities and a
total stockholders' deficit of $1.19 billion.

                           *    *    *

As reported by the TCR on July 19, 2017, S&P Global Ratings raised
its corporate credit rating on J. Crew Group to 'CCC+' from 'SD'.
"The rating action follows our review of J. Crew capital structure
following the company's exchange of the unsecured PIK toggle notes
maturing in 2019.

J. Crew has a 'Caa2' Corporate Family Rating from Moody's Investors
Service.  J. Crew's 'Caa2' Corporate Family Rating reflects its
weak operating performance and high debt burden, with
Moody's-adjusted debt/EBITDA of 7.8 times (credit agreement
debt/EBITDA of 10.3 times) and EBIT/interest expense of 0.6 times
pro-forma for the debt exchange, as reported by the TCR on July 19,
2017.


JOHN Q. HAMMONS: $1.5M Sale of Springfield Property to Hagale OK'd
------------------------------------------------------------------
Judge Robert D. Berger of the U.S. Bankruptcy Court for the
District of Kansas authorized John Q. Hammons Fall 2006, LLC, and
its affiliates to sell approximately 7 acres of vacant land in the
Highland Springs development located in Springfield, Missouri, also
known as 7 AC m/l Highland Springs, Missouri, to J.A. Hagale for
$1.5 million.

The sale is free and clear of all liens, claims, encumbrances, and
other interests.

At the time of closing, and from the proceeds of the sale, the
Trust is authorized and directed to pay its share of the closing
costs and all past due and outstanding taxes with respect to the
Real Estate.  The Trust is further directed to pay to Great
Southern Bank in satisfaction of its lien on the Real Estate the
greater of (1) 80% of the sale proceeds, less standard closing
costs, or (2) $50,000.

                  About John Q. Hammons Fall 2006

Springfield, Missouri-based John Q. Hammons Hotels & Resorts (JQH)
-- http://www.jqhhotels.com/-- is a private, independent owner and
manager of hotels in the United States, representing brands such
as: Marriott, Hilton, Embassy Suites by Hilton, Sheraton, IHG,
Chateau on the Lake Resort / Spa & Convention Center, and Plaza
Hotels Collection.  It has portfolio of 35 hotels representing
approximately 8,500 guest rooms/suites in 16 states.

John Q. Hammons Fall 2006, LLC, and its affiliated debtors filed
chapter 11 petitions (Bankr. D. Kan. Case Nos. 16-21139 to
16-21208) on June 26, 2016.  In the petitions signed by Greggory D.
Groves, vice president, the Debtors estimated assets at $100
million to $500 million and liabilities at $100 million to $500
million.

Mark A. Shaiken, Esq., Mark S. Carder, Esq., and Nicholas Zluticky,
Esq., at Stinson Leonard Street LLP, serve as the Debtors'
bankruptcy counsel.  The Debtors' conflict counsel is Victor F.
Weber, Esq., at Merrick Baker and Strauss PC.


JOHNS TRUCKING: To Pay BMO $3K Monthly at 5% Interest Over 5 Years
------------------------------------------------------------------
Johns Trucking Inc. filed with the U.S. Bankruptcy Court for the
District of Utah a disclosure statement related to its plan of
reorganization dated Jan. 30, 2018.

Under the latest plan, Class 3 is now comprised of BMO Harris Bank
N.A.'s secured claims. The Debtor and BMO have reached an agreement
in which the Debtor will treat the total amount of BMO's secured
claims as one fully secured claim in the amount of $179,286.35,
which claim will be paid in full in monthly installments over a
period of five years from the effective date of the plan, together
with interest at the rate of 5% per annum. Pursuant to the
stipulation reached with BMO, the Debtor will pay the adequate
protection payments to BMO. With the application of the adequate
protection payments, BMO's secured claim under the plan will be
$162,961.35. The Debtor will make monthly payments in the amount of
$3,075.28.

The plan provides for the continued operation of the Debtor after
confirmation by the Reorganized Debtor. Repayment of claims will be
made from funds generated from the reorganized Debtor's
operations.

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

     http://bankrupt.com/misc/utb17-20954-70.pdf

                     About Johns Trucking

Johns Trucking Inc. was organized in 1991 and operates a trucking
business in Utah.

Johns Trucking sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Utah Case No. 17-20954) on Feb. 13, 2017.  At the
time of the filing, the Debtor estimated assets of less than $1
million.

The case is assigned to Judge R. Kimball Mosier.  Andres Diaz,
Esq., and Timothy J. Larsen, Esq., at Diaz & Larsen, in Salt Lake
City, Utah, serve as counsel to the Debtor.  

No trustee, examiner or creditors' committee has been appointed in
the case.


JONES ENERGY: Fitch Lowers IDR to CCC; Still on Watch Negative
--------------------------------------------------------------
Fitch Ratings has downgraded the Long-Term Issuer Default Rating
(IDR) of Jones Energy Holdings, LLC (JEH) and its parent, Jones
Energy Inc. (NYSE: JONE), to 'CCC' from 'B-'. Fitch has maintained
Negative Watch for both entities in anticipation of an update of
Fitch's 'Corporate Rating Criteria' that will further expand the
'CCC' rating range to include '+' or '-' modifiers. Once the
corporate criteria is updated, the IDR for both entities will be
downgraded to 'CCC-'.

Fitch has assigned a 'B/RR1' rating to JEH's proposed $450 million
first lien bond issuance. In addition, Fitch has downgraded JEH's
revolving credit facility to 'B'/'RR1' from 'BB-'/'RR1' and the
senior unsecured notes to 'CCC-'/'RR5' from 'B-'/'RR4'. Once the
corporate criteria is updated, the ratings for the revolving credit
facility and the new first lien issuance will be downgraded to
'B-'/'RR1' and the senior unsecured notes will be downgraded to
'CC'/'RR5'. In Fitch's Recovery Ratings (RR) scale, 'RR1' denotes
91%-100% recovery and 'RR5' denotes 11%-30% recovery upon default.

Net proceeds from the proposed $450 million first lien bond issue
will be used to pay down most of the amounts outstanding under the
$350 million revolving credit facility ($211 million drawn as of
Dec. 31, 2017) and build cash on the balance sheet to fund drilling
and completion activities primarily to fund the largely undeveloped
Eastern Anadarko (Merge) acreage and secondarily the Western
Anadarko Basin (WAB) acreage including the Cleveland. The company
expects to maintain a $50 million borrowing base under the existing
revolving credit facility at JEH with $25 million drawn at closing.
The revolving credit facility matures in November 2019 and goes
current in nine months.

The IDR downgrade reflects deterioration in key credit metrics
including Debt/EBITDA and interest coverage, a sustained negative
FCF profile, potential for liability management, and potentially
limited access to the bank funding when the revolving credit
facility is paid off and replaced with a First Out Credit Facility
as currently anticipated by JEH. While the proposed financing does
increase cash on the balance sheet, increased debt levels and
sustained negative FCF offset this credit positive. The rating
reflects JONE's intention to unrestrict the undeveloped Merge
assets to extract value longer-term but will have limited cash flow
benefit to the existing unsecured notes and the new first lien
bonds in the interim. The Merge assets represent approximately 34%
of JONE's $626 million PV-10 as of Dec. 31, 2017.

Fitch expects JEH to raise incremental capital to fund development
at Merge and enhance value at the unrestricted subsidiary through a
DrillCo, some form of equity, or a borrowing base driven revolving
credit facility. Also factored in the rating is the company's small
size relative to Fitch's coverage universe and the potential for
future liability management.

KEY RATING DRIVERS

Structural Changes Introduce Near Term Value Leakage Risk: Creation
of the unrestricted subsidiary allows management to attract
incremental capital for the development and growth of the largely
unproved Merge asset base, where recently there has been some
encouraging well results. The first lien indenture as currently
proposed provides for JONE to dilute its equity ownership in the
proposed Merge unrestricted subsidiary to a minimum of 40%.
Incremental sources of capital at the Merge unrestricted subsidiary
may include a DrillCo, equity, preferred shares (non cash paying)
or a borrowing base revolving credit facility, creating
subordination risk until value is enhanced via development of this
asset base. Fitch does not foresee any material cash distribution
or cash flows from the Merge assets to JEH over the near to medium
term. Furthermore, execution risks associated with development of
Merge assets and commodity price volatility can adversely affect
ownership value in Merge in the near term.

Liquidity Concerns Linger: As of Dec. 31, 2017, JONE had $158
million of liquidity that consists of $19 million in cash and $139
million undrawn on the revolving credit facility. The $450 million
first lien issuance will enhance the liquidity to fund drilling and
completion activities and enhance longer term value of the Merge
assets. However, given the company's drilling & completion
schedule, associated capex requirements and negative free cash flow
forecast, Fitch anticipates that liquidity could start becoming
constrained beyond 2018. Fitch projects a $166 million FCF deficit
during 2018 and forecasts year end 2018 liquidity of approximately
$140 million to $150 million, which includes $25 million undrawn
under the $50 million senior credit facility.

Elevated Leverage: Following the issuance of $450 million in first
lien notes, the credit metrics will deteriorate from previous
expectations. Fitch forecasts consolidated Debt/EBITDA of 8.0x,
5.4x, and 4.8x in 2018, 2019 and 2020, respectively. Credit metrics
will be materially weaker, approximately 20.0x in 2018-2019, on a
deconsolidated basis based on the assumption that JEH executes a
drillco at WAB and will not receive distributions or robust cash
flows from the Merge over the near term until its full value is
realized.

Below Average Growth Profile: Production growth for JONE has been
constrained by several factors, including capex cuts in response to
the oil price downturn in 2015-2016 and the impact of asset
divestitures. The company had laid down rigs in its core Cleveland
(WAB) acreage to focus on the Merge but plans to continue some
minimal activity. The company continues to work down its Drilled
but Uncompleted (DUC) inventory which has sustained production
volumes through 2017. The prospective plan for 2018 contemplates a
two-rig Merge program as the WAB acreage will be primarily funded
through a DrillCo with minimal capex contributions from JEH.

Small Size Relative to Peers: JONE's total production in 4Q17 was
approximately 21,207 barrels of oil equivalent per day, which is
small relative to Fitch's actively monitored E&P peer universe.
Full-year 2017 average daily production was 21,332 boe/day, an
increase of 12% YoY. Fitch expects relatively flat production
growth in 2018. A small production size can create additional calls
on liquidity to fund drilling & completion activity in order to
stem declines in the existing portfolio, as growing high yield
exploration and production companies typically require liquidity
buffers to manage commodity price volatility. The company was
reasonably well-protected in 2017 and in prior years via hedge
positions, and had the ability to monetize hedges to boost
liquidity. JONE's ability to maintain and execute new hedges may be
impacted by the reduced size of the revolving credit facility, a
credit concern in Fitch's view.

Liability Management Likely: Fitch believes that JONE is likely to
engage in some form of liability management in the foreseeable
future, driven by the need to reduce gross debt levels. This could
be in the form of distressed debt exchanges or other methods. The
proposed bond indenture has unlimited capacity to incur other
junior lien debt. Asset sales are unlikely at this point following
the recent sale of the Arkoma assets for $65 million.

Recovery Estimates Updated. Unsecured Bonds Primed by Structural
Changes:
The recovery analysis for JONE incorporated a reserve based
valuation approach, focusing on the Dec. 31, 2017 PV-10 that stood
at $626 million. Fitch has the flexibility to apply a traded asset
valuation method in line with Fitch corporate notching and recovery
criteria for businesses with owned or operated assets that are
actively traded through acquisitions or dispositions based on
current and future expectations of commodity prices. Fitch reviewed
current pricing multiples commonly used in the E&P sector for
acquisitions and dispositions: ($/acre for example), or production
based ($/flowing barrel, $/location). These multiples yielded a
value close to the 12/31/2017 PV-10 value. Other Fitch related
standard adjustments to were made to the valuation analysis.

After deducting 10% for administrative claims, Fitch estimates that
the $50 million senior secured revolving credit facility and the
$450 million first lien bonds have recovery prospects of 'RR1'. The
recovery value ascribed to the unsecured bonds drops to 'RR5' from
an 'RR4' reflecting the increased secured amounts of debt issued
above this class of debt.

Fitch's current recovery analysis assumes JONE's 100% ownership in
Merge. As JONE's ownership in Merge falls below 100%, it is likely
that the recovery for the first lien notes and senior unsecured
notes fall until the Merge assets are developed and their value
enhanced through capital deployment.

DERIVATION SUMMARY

Jones Energy's credit profile is weaker than high-yield peers on
several key metrics, including size, operational momentum, and
leverage metrics. As of Sept. 30, 2017, JONE's total production of
21.4 mboe/d was comparable to REN (28.6 mboe/d, 'B-'), and less
than peers LPI (60.0 mboe/d), CRZO (55.2 mboe/d), XOG (62.9 mboe/d,
'B+'), and RSPP (58.9 mboe/d). Fitch expects that production growth
for JONE will lag peers, based primarily on liquidity constraints
after 2018. Fitch also anticipates that leverage will be higher
than peers in 2018. On a margin basis, JONE's netback margin (cash
netback / unhedged revenue per boe) is less than peers, driven
primarily by interest costs of $6.5 /boe. JONE's small production
base exacerbates the impact of interest costs when measured on a
$/boe basis. JONE's debt/flowing of $37,340 was above peers,
including REN ($22,755, 'B-'), LPI ($24,246), CRZO ($31,146), XOG
($18,055, 'B+'), and RSPP ($25,367).

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 2018

    to a long-term price of $55.0/barrel;
-- Base case Henry Hub gas that trends up from $3.00/mcf in 2018
    to a long-term price of $3.25/mcf;
-- Production grows at a CAGR of 17% through 2020, with liquids
    volumes growing faster than natural gas reflecting the growing

    contribution of highly economic Merge assets to the credit
    profile
-- Capex in the out years are relatively flat given modest uplift

    from Fitch's base case price deck and reflecting efficiency
    gains;
-- Assumes $450 million first lien bond issue pays down most of
    the amounts outstanding under the revolving credit facility;
-- $50 million senior credit facility with $25 million drawn at
    closing.

RATING SENSITIVITIES

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

-- Growth in production volumes, reserves, and EBITDA leading to
    production approaching 25-35 mboe/day;
-- Maintenance of debt/EBITDA in the the 4.5-5.5x range, and
    debt/flowing barrel below $40,000;
-- Sustained operational momentum and improvement in liquidity.

Fitch expects that a resumption of sustained operational momentum
(i.e. volume growth funding in a credit-neutral manner) and an
improved liquidity outlook will be a key factor in positive rating
actions.

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

-- Change in Fitch's corporate criteria that introduces '+' and
    '-' modifiers in 'CCC' rating category;
-- Significant reduction in liquidity, inability to access
    capital to fund drilling and completion activity;
-- Commencement of liability management exercises such as
    distressed debt exchanges.

LIQUIDITY

Liquidity Concerns Remain: As of Dec. 31, 2017, liquidity for JONE
was $158 million, consisting of $19 million in cash and $139
million undrawn on the revolving credit facility. Fitch anticipates
that liquidity could start getting constrained post 2018 given the
company's drilling & completion schedule, associated capex
requirements, higher interest costs and negative free cash flow
forecast. This could limit incremental capital to be deployed into
the drilling & completion program, which would further delay the
company's ability to de-lever through volume and cash flow growth.

Pro forma the $450 million proposed first lien issue, JONE's cash
profile improves, which should support funding of the drilling
program, and other general corporate purposes. Despite the
near-term increased cash levels on the balance sheet, expectation
for sustained cash burn in the forecast period results in
constrained liquidity beyond 2018 in Fitch's view.

Modest Near-Term Maturities: JONE has an extended bond maturity
schedule, with $409 million of the 6.75% senior notes and $150
million of the 9.25% senior notes due 2022 and 2023, respectively.
Pro forma the new first lien bond issue, which will have a 2023
maturity date, the company will have a reduced $50 million
borrowing base under the revolving credit facility. The existing
$350 million revolver is due to mature in November 2019 and goes
current in nine months. The first lien bonds are expected to have a
springing maturity 91 days before any maturity of $50 million or
larger.

Sustained Negative FCF: The liquidity enhancing move to improve
cash levels on the balance sheet is offset by forecast cash burn
between 2018 and 2020 driven by higher interest costs, and low
operating cash flows.

FULL LIST OF RATING ACTIONS

Fitch has downgraded and maintained the following ratings on Rating
Watch Negative:

Jones Energy Holdings LLC
-- Long-term IDR to 'CCC' from 'B-';
-- Senior secured credit facility to 'B''/RR1' from 'BB-'/'RR1'
-- Senior unsecured notes to 'CCC-'/'RR5' from 'B-'/'RR4'.

Jones Energy Inc.
-- Long-term IDR to 'CCC' from 'B-'.

Fitch has assigned and placed the following rating on Rating Watch
Negative:

Jones Energy Holdings LLC
-- First lien senior notes 'B''/RR1'.


JONES ENERGY: Moody's Rates Proposed $450MM First Lien Notes 'B2'
-----------------------------------------------------------------
Moody's Investors Service assigned B2 senior secured rating to
Jones Energy Holdings, LLC's (Jones) proposed $450 million first
lien notes due 2023. Moody's also downgraded Jones' Corporate
Family Rating (CFR) to Caa2 from Caa1, its Probability of Default
Rating (PDR) to Caa2-PD from Caa1-PD, its senior unsecured notes
rating to Caa3 from Caa2, and affirmed its SGL-3 Speculative Grade
Liquidity rating. The outlook remains negative.

Jones will use the proceeds of the notes offering to repay the
majority of the borrowings under its revolver, which will then be
downsized, to fund drilling needs and for general corporate
purposes.

"Jones Energy's ratings downgrade reflects increased debt and a
likely increase in structural complexity," said Arvinder Saluja,
Moody's Vice President. "Given the likelihood that Jones' assets in
the Merge play will become unrestricted, the potential cash flows
from their future production will be unavailable to service Jones'
debt."

Downgrades:

Issuer: Jones Energy Holdings, LLC

-- Probability of Default Rating, Downgraded to Caa2-PD from
    Caa1-PD

-- Corporate Family Rating, Downgraded to Caa2 from Caa1

-- Senior Unsecured Notes, Downgraded to Caa3 (LGD5) from Caa2
    (LGD5)

Assignments:

Issuer: Jones Energy Holdings, LLC

-- Senior Secured Notes, Assigned B2 (LGD2)

Outlook Actions:

Issuer: Jones Energy Holdings, LLC

-- Outlook Remains Negative

Affirmations:

Issuer: Jones Energy Holdings, LLC

-- Speculative Grade Liquidity Rating, Affirmed SGL-3

RATINGS RATIONALE

Jones' Caa2 CFR reflects its modest scale, single basin
concentration, heavy debt load, weak credit metrics, and high
likelihood of increase in structural complexity. The company plans
to focus its drilling efforts in the Merge assets in the eastern
Anadarko basin, which Moody's expect Jones to fund with outside
financing after it unrestricts its subsidiaries holding Merge
assets. This will lead it to rely significantly on balance sheet
cash to fund negative free cash flow from its remaining restricted
subsidiaries that house the western Anadarko basin assets.
Production and cash flow from these mature assets will decrease
without adequate reinvestment resulting in less than 1x interest
coverage and negative operating cash flow. Moreover, the credit
accretion to the Jones' bondholders attributable to the future cash
flows from potentially increased production in the Merge play will
be limited. If Jones doesn't arrange outside financing and
unrestrict the Merge assets, its cash on hand could prove
inadequate to amply develop them beyond mid-2019; therefore, credit
accretion could be limited in this scenario as well. Ratings
benefit from the company's sizeable cash balance after the issuance
of the proposed secured notes, which will fund negative cash flow
at least through 2019 and from hedges on a significant proportion
of its expected 2019-20 western Anadarko basin production.

The proposed $450 million first lien notes are rated B2,
three-notches above the Caa2 CFR given the superior position the
secured notes occupy in the capital structure, and reflecting their
priority claim to Jones' assets, excluding the Merge assets, which
Moody's expect to become unrestricted. Given the declining asset
coverage of debt, Moody's regards the B2 rating assigned to the
first lien notes to be more appropriate than the B1 rating
otherwise suggested by Moody's Loss Given Default Methodology. The
Caa3 rating on Jones' senior unsecured notes reflects their
subordination to the secured borrowings and the size of the senior
secured claims relative to Jones' senior unsecured notes, which
results in the senior unsecured notes being rated one notch below
the CFR.

Moody's considers Jones' liquidity to be adequate as evidenced by
its SGL-3 liquidity rating. Liquidity is a function of Jones' over
$200 million expected cash balance post the issuance of the
proposed $450 million secured notes due 2023. The company will pay
off majority of its borrowings outstanding under the revolver.
Jones' $350 million secured borrowing base revolving credit
facility, under which there were $211 million outstanding at
December 31, will be downsized to a $50 million borrowing base
revolver upon closing of the notes offering. Jones is expected to
continue carrying a balance of $25 million on the downsized
revolver. If the Merge assets become unrestricted as expected, the
lower cash flow attributable solely to the restricted assets (from
western Anadarko subsidiaries) would not be sufficient to cover
interest and western Anadarko capex, resulting in cash burn in 2018
and beyond. If Jones internally funds the development of the Merge
assets in 2018, its cash balances will be meaningfully lowered,
potentially leading to weaker liquidity beyond mid-2019. The
company is not expected to be subject to financial covenants in
2018 as they have been suspended. The revolver matures in November
2019 with no other maturities until 2022.

The rating outlook is negative, reflecting negative cash from
operations and the company's inability to cover interest expense
solely from western Anadarko basin. Jones' ratings could be
upgraded if retained cash flow (RCF) to debt is sustained over 10%
EBITDA to interest approaches 2.0x and liquidity remains adequate.
Ratings could be downgraded should cash plus revolver availability
fall below $100 million.

The principal methodology used in this rating was the Independent
Exploration and Production Industry published in May 2017.

Jones Energy Holdings, LLC is an independent oil and gas
exploration and production company with producing operations
focused on the Anadarko basin, headquartered in Austin, Texas.


LARRY HEMBREE: $95K Sale of Washington Property to Family Life OK'd
-------------------------------------------------------------------
Judge Basil H. Lorch, III, of the U.S. Bankruptcy Court for the
Southern District of Indiana authorized Larry D. Hembree's 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.

The proceeds of said sale, net of (a) any realtor's commission
approved by separate order, (b) accrued property taxes, and (c)
Sales Expenses assigned to the seller by the prospective buyer's
written offer, will be paid by the closing agent to Springs Valley
Bank & Trust Co. and applied by the bank to its loan to Hembree
Properties, Inc., with the loan number ending in X6888.

The order will be effective immediately upon its entry.

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.


LG MADRONE: Taps Charles B. Greene as Legal Counsel
---------------------------------------------------
LG Madrone, LLC, seeks approval from the U.S. Bankruptcy Court for
the Northern District of California to hire the Law Offices of
Charles B. Greene as its legal counsel.

The firm will advise the Debtor regarding its obligations under the
Bankruptcy Code and will provide other legal services related to
its Chapter 11 case.

The firm does not represent any interest adverse to the Debtor or
its estate, according to court filings.

Greene can be reached through:

     Charles B. Greene, Esq.
     Law Offices of Charles B. Greene
     84 W Santa Clara St., Suite 800
     San Jose, CA 95113
     Tel: (408) 279-3518
     Email: cbgattyecf@aol.com

                       About LG Madrone LLC

Headquartered in Colorado Springs, Colorado, LG Madrone, LLC listed
itself as a single asset real estate (as defined in 11 U.S.C.
Section 101(51B)).  LG Madrone is the fee simple owner of a real
property located in Pebble Beach, California, valued by the company
at $1.45 million.

LG Madrone, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Calif. Case No. 18-50204) on Jan. 31,
2018.  In the petition signed by Randy King, president of The
Legacy Group, Inc., the Debtor estimated assets and liabilities of
$1 million to $10 million.  Judge Stephen L. Johnson presides over
the case.


LINDA THE BRA LADY: Goes Belly-Up Amid Disaster Relief Loan
-----------------------------------------------------------
Linda the Bra Lady LLC sought Chapter 11 bankruptcy protection
(Bankr. D.N.J. Case No. 18-12469) on Feb. 7, 2018, listing under
$500,000 in assets and under $10 million in liabilities.

Lisa Fickenscher, writing for the New York Post, reports that the
Company has been struggling with debt issues since Hurricane Sandy
when it took a government-backed disaster relief loan. It has been
struggling since then to repay the loan.

Founder Linda Becker operates two stores, one on Manhattan's East
Side and another in southern New Jersey.  The Company has been in
business for 30 years.

The Debtor is seeking bankruptcy court authority to use cash
collateral and to pay prepetition wages, salaries, withholding
taxes, designated payments and employee benefits.

The Hon. Jerrold N. Poslusny Jr. presides over the case.

The Debtor is represented by:

     E. Richard Dressel, Esq.
     Flaster Greenberg
     1810 Chapel Avenue West, 3rd Floor
     Cherry Hill, NJ 08002
     Tel: (856) 661-1900
     Email: rick.dressel@flastergreenberg.com


LINEAGE LOGISTICS: S&P Alters Outlook to Stable & Affirms 'B' CCR
-----------------------------------------------------------------
S&P Global Ratings revised its outlook on Lineage Logistics LLC to
stable from positive and affirmed its 'B' corporate credit rating
on the company.

S&P said, "At the same time, we assigned our 'B' issue-level rating
and '3' recovery rating to the company's proposed $500 million
senior secured term loan. The '3' recovery rating indicates our
expectation for meaningful (50%-70%; rounded estimate: 50%)
recovery for lenders in the event of a payment default.

"We revised our outlook on Lineage to stable from positive after
the company reported weaker-than-expected credit metrics for 2017,
including an EBIT margin in the high single digit percent area.
Although the company reported strong organic and
acquisition-related revenue growth during the year, it also faced
increased labor costs. Lineage attributed this increase to the
competitive environment for warehouse workers in the U.S., which
has experienced elevated demand for such workers due to the growth
of ecommerce. Management implemented a number of initiatives
related to labor retention and centralized recruitment in 2017,
which it expects to improve the company's labor situation in 2018.

"The stable outlook on Lineage Logistics reflects our expectation
that the company's EBIT margin will remain in the 10% area because
it faces challenging labor markets in many of its key North
American regions. However, we also expect Lineage's credit metrics
to improve modestly over the next 12 months, including an adjusted
FFO-to-debt ratio in the high single digit percent area and a
debt-to-EBITDA metric in the 8x-9x range.

"Although unlikely over the next 12 months, we could consider
downgrading Lineage if its credit metrics deteriorate such that its
debt-to-EBITDA increases above 10x on a sustained basis. This could
occur because of a large debt-financed acquisition, adverse market
conditions, or a greater-than-expected impact from elevated labor
costs.

"We could consider raising our ratings on Lineage if the company is
able to improve its EBIT margin to the low teens percent area and
its FFO-to-debt ratio to around 10%. The company could achieve this
by maintaining its operating discipline and reducing its labor
costs.

"We could also consider upgrading the company if it is able to
continue to grow its market position in the cold storage
warehousing industry."


MAHIPAL RAVIPATI: $25K Sale of 2013 Mercedes ML350 Approved
-----------------------------------------------------------
Judge Clifton R. Jessup, Jr. of the U.S. Bankruptcy Court for the
Northern District of Alabama authorized Mahipal Ravipati's private
sale of 2013 Mercedes ML350, VIN 4JGDA5LB5DA167189, to Vinod Kumar
Sontineni for $25,000.

A hearing on the Motion was held on Feb. 5, 2018.

The sale is free and clear of liens.

Mahipal Ravipati sought Chapter 11 protection (Bankr. N.D. Ala.
Case No. 17-82502) on Aug. 24, 2017.  The Debtor tapped Tazewell
Shepard, Esq., at Tazewell Shepard, P.C., as counsel.

Counsel for the Debtor:

          Kevin M. Morris, Esq.
          Tazewell T. Shepard, IV, Esq.
          SPARKMAN, SHEPARD & MORRIS, P.C.
          P.O. Box 19045
          Huntsville, AL 35804
          Telephone: (256) 512-9924
          Facsimile: (256) 512-9837


MAHIPAL RAVIPATI: Sale of Medical Practice Denied Without Prejudice
-------------------------------------------------------------------
Judge Clifton R. Jessup, Jr., of the U.S. Bankruptcy Court for the
Northern District of Alabama denied without prejudice Mahipal
Ravipati's sale of medical practice to Dr. William Freeman for
$80,000, subject to higher and better offers.

A hearing on the Motion was held on Feb. 05, 2018 at 3:00 p.m.

Mahipal Ravipati sought Chapter 11 protection (Bankr. N.D. Ala.
Case No. 17-82502) on Aug. 24, 2017.  The Debtor tapped Tazewell
Shepard, Esq., at Tazewell Shepard, P.C., as counsel.

Counsel for the Debtor:

          Kevin M. Morris, Esq.
          Tazewell T. Shepard, IV, Esq.
          SPARKMAN, SHEPARD & MORRIS, P.C.
          P.O. Box 19045
          Huntsville, AL 35804
          Telephone: (256) 512-9924
          Facsimile: (256) 512-9837


MARSHALL MEDICAL: Fitch Hikes Rating on 2004B Bonds From BB+
------------------------------------------------------------
Fitch Ratings has assigned an Issuer Default Rating (IDR) of 'BBB-'
to Marshall Medical Center (MMC). The 'BBB-' IDR reflects the
application of Fitch's revised criteria "U.S. Not-For-Profit
Hospitals and Health Systems Rating Criteria" dated Jan. 9, 2017.
In addition, Fitch Ratings has upgraded the rating on the following
California Health Facilities Financing Authority bonds, issued on
behalf of MMC to 'BBB-' from 'BB+':

-- $20 million series 2004B auction rate (insured: Ambac
    Assurance Corporation).

The Rating Outlook is Stable.

SECURITY

Debt payments are secured by a pledge of the gross revenues of the
obligated group and a mortgage lien. There is a debt service
reserve fund. The consolidated financials include a subsidiary, a
surgery center that is non-obligated. The obligated group accounted
for substantially all total assets and revenue of the consolidated
entity in fiscal 2016 (Oct. 31 year end). Fitch's analysis is based
on the consolidated entity.

ANALYTICAL CONCLUSION

The 'BBB-' IDR primarily reflects MMC's midrange net leverage
profile under a stress scenario through the cycle relative to its
operating profile. The Stable Outlook at the higher rating level
reflects Fitch's expectation that MMC will improve profitability
and operating margins at more historical levels over the medium
term and manage its leverage position commensurate with a 'BBB-'
rating. Comparatively weaker fiscal 2017 results reflect disruption
from delayed federal approval of California's now-permanent
provider fee schedule, though MMC's longer term track record of
adequate cost management and consistent volume growth supports
Fitch's expectation for a return to historically solid
profitability levels.

KEY RATING DRIVERS

Revenue Defensibility: 'bbb'; Dominant Position in Weak Service
Area

MMC's midrange level of revenue defensibility is largely supported
by its strong market position as the only hospital provider in its
primary service area (PSA), which is made up largely of
agricultural and suburban communities in El Dorado County's western
slope. The mostly rural PSA and patient base drive Fitch's
expectation for moderately elevated levels of Medicaid and self-pay
revenues, which could worsen over time. This could affect the
rating in the longer term if unfavorable demographic trends
accelerate MMC's weakening payor mix beyond expected levels,
shifting the Revenue Defensibility assessment to weak.

Operating Risk: 'bbb'; Track Record of Adequate Cost Management and
Capital Investment

MMC's history of adequate cost management and volume growth
supports Fitch's expectation for a return to more historically
solid operating performance over the medium term. A comparatively
weaker fiscal 2017 performance reflects short-term delays in
federal approval of California's provider fee program, of which MMC
is a beneficiary under the fee distribution. Given MMC's track
record of elevated capital spending to fund strategic efforts,
Fitch expects capital spending to generally track historical levels
during times of historically moderate financial operations.

Financial Profile: 'bbb'; Midrange Net Leverage and Maintained
Flexibility in Stress Scenario

MMC's liquidity position is expected to decline in fiscal 2017
(based on unaudited results) due to delays in MMC's ability to
recognize operating revenue and cash flows. Despite this near-term
decline, Fitch anticipates MMC will improve operations to
historical levels and increase its liquidity position over the
medium term to higher than historical levels without deferral of
necessary spending, which would be necessary to support an
assessment of the financial profile at the 'bbb' level.

RATING SENSITIVITIES

RETURN TO HISTORICAL FINANCIAL PERFORMANCE: The 'BBB-' rating and
Stable Outlook reflect Fitch's expectations of MMC's return to more
historical profitability levels. The rating would be pressured
should MMC fail to restore operations to these levels in 2018 and
future years, as continued weak profitability would likely reduce
MMC's ability to handle further stress to a level inconsistent with
a 'BBB' category rating. Similarly, should MMC's payor mix degrade
much further than anticipated, it is possible that MMC's Revenue
Defensibility assessment could be lowered to weak, negatively
impacting the rating. Conversely, sustained improvement in
profitability over the medium term should positively affect the
rating and/or outlook, such that a higher rating is possible.


MARYMOUNT UNIVERSITY: Moody's Affirms Ba1 Rating on 2015A/B Bonds
-----------------------------------------------------------------
Moody's Investors Service has affirmed the Ba1 ratings on Marymount
University's (VA) approximately $123 million of outstanding Series
2015A and 2015B revenue bonds issued through the Virginia College
Building Authority. The outlook is stable.

RATINGS RATIONALE

The Ba1 rating reflects Marymount University's role as a small
private university with a faith-based identity in the vibrant
Washington D.C. metropolitan area. The rating favorably
incorporates Marymount's conservative budgetary practices and
careful use of limited resources consistent with fair strategic
positioning. The recent opening of its sizeable Ballston Center
project on time and on budget reflects prudent oversight. However,
the new project added substantial financial leverage. Heavy
reliance on student charges in a very competitive student market
combined with modest total cash and investments limit credit
strength. Additional challenges include limited philanthropic
support, and future needs for capital investment.

RATING OUTLOOK

The stable outlook reflects Moody's expectation that Marymount will
increase cash flow to more than amply cover rising debt service.
The stable outlook also incorporates Moody's expectation that
Marymount will prudently manage its fiscal operations in light of
competitive enrollment pressures and demonstrate measured revenue
growth.

FACTORS THAT COULD LEAD TO AN UPGRADE

- Substantial growth in financial reserves relative to debt

- Sustained operating revenue growth including increases in net
   tuition revenue and philanthropic activity

FACTORS THAT COULD LEAD TO A DOWNGRADE

- Deterioration of operating performance given moderate liquidity

   and increasing debt service

- Material deterioration in unrestricted cash

- Reduction in headroom on debt covenants or covenant violations

- Weak performance of commercial real estate held by university
   or its real estate partner

LEGAL SECURITY

The Series 2015A and 2015B bonds are general obligations of the
university, secured by a deed of trust on certain campus properties
and debt service reserve funds.

The university has a debt service coverage financial covenant of
1.15x, which is measured at the end of each fiscal year. Should the
coverage be less than 1.15x, unrestricted liquidity must be $25
million or greater to preclude an event of default. The university
met its covenant test (2.4x) for fiscal 2017 and expects to be in
compliance for fiscal 2018.

USE OF PROCEEDS

Not applicable.

PROFILE

Marymount University is a private coeducational Catholic
institution located in Arlington, Virginia, and founded in 1950 by
the Religious of the Sacred Heart of Mary, an international
congregation of Catholic sisters. The university currently has four
campuses in Arlington, and is within the Washington D.C.
metropolitan area.

RATING METHODOLOGY

The principal methodology used in this rating was Higher Education
published in December 2017.


MAYFAIR-HAWAII: $3.8M Sale of DC Property to Wesley Approved
------------------------------------------------------------
Judge Wendelin I. Lipp of the U.S. Bankruptcy Court for the
District of Columbia authorized Mayfair-Hawaii, LLC's sale of real
property located at 1 Hawaii Avenue N.E., Washington, D.C., as
improved by a 34-unit, multi-family, residential apartment project
known as 1 Hawaii Avenue N.E. Apartments, to Wesley Housing
Development Corp. of Northern Virginia for $3,825,000.

The Debtor is authorized and directed to pay the secured claims of
Fannie Mae and the District of Columbia, and any real estate taxes
and utilities relating to the Property (prorated to the date of
closing on the sale), from the proceeds of the sale of the Property
at closing.

The Debtor is authorized to take all necessary and reasonable
actions to consummate the sale of the Property including the
acceptance of the Sanford Contribution.  It also is authorized to
pay from the proceeds of the sale customary closing costs pursuant
to the Purchase Agreement or as is typical for comparable real
estate transactions within the District of Columbia.

Pursuant to sections 365(a) and (b) of the Bankruptcy Code, the
Debtor is authorized and directed to assume the Leases identified
on Exhibit D attached to the Motion as of closing on the Sale of
the Property.  The Cure Amounts under the Leases are as set forth
on Exhibit D to the Motion, and there are no defaults under the
Leases requiring further compliance with section 365(b) of the
Bankruptcy Code for their assumption by the Debtor and their
assignment to Wesley.

Pursuant to section 365(f) of the Bankruptcy Code, the Debtor is
authorized and directed to assign the Leases to Wesley as of
closing on the Sale of the Property.   It is authorized to execute
such documents or other instruments as may be necessary to assume
and assign the Leases.  Any and all rights, claims, and defenses of
the Debtor with respect to the Leases are preserved.

Sanford is authorized and directed to deposit $100,000 of the
Sanford Contribution into escrow with the Debtor's bankruptcy
counsel not later than Feb. 5, 2018.  The Initial Deposit will be
available to pay the costs of managing and maintaining the Property
incurred by the Property's receiver for the period from and
including Feb. 1, 2018 until closing on the sale of the Property or
March 15, 2018, whichever occurs sooner.  The Debtor's bankruptcy
counsel will disburse that portion of the Initial Deposit necessary
to cover the Receivership Costs in the same fashion and subject to
the same documentation as Fannie Mae has disbursed funds to the
receiver during the course of the case.  Any portion of the Initial
Deposit not required to pay the Receiver's costs of managing and
maintaining the Property will be disbursed to pay Fannie Mae's
secured claims or the other amounts due at closing on the Sale of
the Property.

Sanford is authorized and directed to deposit an additional
$100,000 of the Sanford Contribution into escrow with the Debtor's
bankruptcy counsel not later than Feb. 20, 2018.  The Second
Deposit will be disbursed to pay Fannie Mae's secured claims at
closing on the Sale of the Property to Wesley, provided, however,
should such closing not occur for any reason, the Second Deposit
will be available to pay administrative expenses of this bankruptcy
case.  No amount of either the Initial Deposit or the Second
Deposit will be returned to Sanford, but will instead be treated by
the Debtor as a partial credit against Sanford's indebtedness to
Debtor (as will the balance of the Sanford Contribution as and when
made to or for the benefit of the Debtor).

Sanford is authorized and directed to provide the Debtor with the
remainder of the Sanford Contribution at closing on the Sale of the
Property to Wesley in an amount sufficient to allow such closing to
occur, and thereafter, as and when the Debtor must fund the other
obligations to be covered by the Sanford Contribution.

Fannie Mae is approved as backup bidder to purchase the Property
with a credit bid.  In the event that the Sale to Wesley does not
close by March 15, 2018, Fannie Mae will be authorized (but not
required) to purchase the Property from the Debtor for a credit bid
of $3,825,000, which amount will be deducted from the Debtor's
indebtedness to Fannie Mae.

The Order will be effective immediately upon entry.  No automatic
stay of execution, pursuant to Rules 6004 or 6006 of the Federal
Rules of Bankruptcy Procedure, applies with respect to the Order.

                      About Mayfair-Hawaii

Mayfair-Hawaii LLC, a Delaware limited liability company, owns a
34-unit multifamily property on the south side of Hawaii Avenue,
SE, in the District of Columbia.  Until the appointment of the
receiver, Paula Forshee, the property was managed by Oakmont
Management Group LLC.  Sanford Capital LLC owns 70% of
Mayfair-Hawaii.  A. Carter Nowell is the Debtor's manager.  Oakmont
is owned by Mr. Nowell.

On June 12, 2017, the Superior Court entered a consent order
appointing receiver and granting injunctive relief.  The Receiver,
though Catalyst Property Solutions, has managed the Property since
approximately June 12, 2017.

Mayfair-Hawaii filed for Chapter 11 bankruptcy protection (Bankr.
D.D.C. Case No. 17-00514) on Sept. 26, 2017, estimating assets and
debt of $1 million to $10 million.  A. Carter Nowell signed the
petition.  

Judge S. Martin Tell J.r. is the case judge.

Kristen E. Burgers, Esq., and Stephen E. Leach, Esq., at Hirschler
Fleischer, PC, in Tysons, Virginia, serve as counsel to the Debtor.


MCNALLY SMITH: Music School Files Chapter 7 Liquidation
-------------------------------------------------------
McNally Smith College of Music filed for Chapter 7 bankruptcy
protection in the U.S. Bankruptcy Court for the District of
Minnesota on Feb. 8, 2018.

Peter Cox, writing for MPR News, reports that the St. Paul-based
music school closed abruptly in December, giving faculty, staff and
students just days notice, saying financial pressures led to the
closing.

According to the report, the 32-year-old school disclosed
liabilities between $1 million and $10 million, and assets between
$10 million and $50 million.  The assets include the school's
building at 19 East Exchange Street, assessed by Ramsey county in
2017 at nearly $14 million. Public records indicate the school owes
around $3 million on a mortgage.

The report says McNally Smith closed after a two-year effort to
convert from a for-profit into a nonprofit.  That would have
allowed students and the institution access to more federal
assistance and permitted the school to seek charitable
contributions.  The report notes that enrollment had fallen by 30%
between 2012 and 2016.


METROPARK USA: $21K Sale of Default Judgments to SM Financial OK'd
------------------------------------------------------------------
Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern
District of New York authorized Metropark USA, Inc.'s sale of
default judgments to SM Financial Services Corp. for $21,000.

A hearing and an auction were held on Jan. 19, 2018.  SM Financial
and Cranehill Capital, LLC appeared at the Hearing to bid.  The
highest and best bid was by Cranehill.  Cranehill subsequently
withdrew its offer.  The backup bid received a the Hearing from SM
Financial in the amount of $21,000 is now the highest and best bid
for the assets, exclusive of the satisfied default judgment.

The sale is free and clear of any and all liens, claims, and
encumbrances of whatever kind or nature, with such liens, claims,
and encumbrances to attach to the proceeds of the Sale.

The Debtor is authorized to sell the default judgments listed in
the Motion, with the exception of the default judgment against 9
Fivers, LLC.

A copy of the list of Default Judgments to be sold attached to the
Motion is available for free at:

       http://bankrupt.com/misc/Metropark_USA_744_Sales.pdf

The 14-day stay under Bankruptcy Rule 6004 (h) is waived, for
cause, and the Order is effective immediately upon its entry.

                      About Metropark USA

Metropark USA, Inc. -- http://www.metroparkusa.com/-- was a Los
Angeles retail chain with 70 stores in 21 states.  Metropark was
founded in 2004 to capitalize on the large Gen Y segment (the 25-35
year old customer) in demand for fashion-forward apparel and
accessories.  Its headquarters, distribution centers, and
e-commerce site were located in Los Angeles, California.

Metropark filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 11-22866) on April 26, 2011, and subsequently
held going out of business sales.

The Debtor disclosed total assets of $28,933,805 and total debt of
$28,697,006 as of April 2, 2011.

Ashford-Schael LLC is serving as counsel to the Debtor, with the
engagement led by Courtney A. Schael, Esq., in Westfield, New
Jersey.  CRG Partners Group, LLC, is the Debtor's financial
advisor.  Great American Group Real Estate, LLC, doing business as
GA Keen Realty Advisors, is the Debtor's special real estate
advisor.  

On May 6, 2011, the Office of the United States Trustee appointed
an official committee of unsecured creditors.  Blakeley & Blakeley,
LLP, in Irvine, Calif., is counsel to the Committee, with the
engagement headed by Ronald A. Clifford, Esq.


MICHAEL D. COHEN: Exclusive Plan Period Extended to Feb. 26
-----------------------------------------------------------
Judge David E. Rice of the U.S. Bankruptcy Court for the District
of Maryland has extended, at the behest of Michael D. Cohen, M.D.,
P.A., and Michael David Cohen and Shari Lee Cohen, the Debtors'
exclusive periods to file a Chapter 11 plan and to solicit and
obtain acceptances of a plan through and including Feb. 26, 2018
and April 26, 2018, respectively.

The Troubled Company Reporter has previously reported that the
Debtors asked the Court to have the Exclusive Periods extended one
last time, to the maximum extent permitted by Section 1121(d) of
the Bankruptcy Code, so that the confirmation process is as
efficient as possible.

The Debtor related that the need for bankruptcy relief arose from
enforcement of a judgment obtained in a suit filed in 2012 against
the P.A. and the Individual Debtors in the Circuit Court for
Baltimore County, by Dawn Richardson, a former non-physician
employee, Ms. Richardson claimed ownership and lost profits in a
company known as Skin, Inc. In May 2016, after a jury trial, the
Circuit Court entered a judgment against the P.A. and the
Individual Debtors for $1,275,000.  On Sept. 9, 2016, the P.A., and
the individual Debtors filed a notice of appeal for relief from the
automatic stay was granted by the Court for the limited purpose of
permitting the prosecution of the Appeal to proceed in the Maryland
Court of Special Appeals.

Oral argument for the appeal occurred on Oct.10, 2017.  Appellate
counsel cannot say with any degree of certainty when the appellate
court will rule.  

The Debtors assured the Court that they have made progress
throughout these Chapter 11 cases. Initially, the Individual
Debtors and the P.A.'s management, employees and professionals
focused on stabilizing the P.A.'s business and responding to the
many time-consuming demands that accompany Chapter 11 filings. The
Debtors also have filed monthly operating reports since the
beginning of this Chapter 11 case and generally have fulfilled
their obligations as debtors in possession.

                  About Michael D. Cohen, M.D.

Based in Maryland, Michael D. Cohen, M.D., P.A., d/b/a Cosmetic
Surgery Center of Maryland d/b/a Belcara Health, d/b/a Belcara, is
a professional corporation engaged in the business of providing
various physician services to its patients, including but not
limited to services in the areas of plastic surgery, dermatology,
and podiatry. Michael D. Cohen, M.D., is the sole shareholder of
the Debtor.  Shari L. Cohen, Dr. Cohen's wife, is responsible for
the business administration of the Debtor's medical practice.

Michael D. Cohen, M.D. and his wife, Shari L. Cohen jointly filed a
joint Chapter 11 petition (Bankr. D. Md. Case No. 16-21513) on Aug.
26, 2016.

The Company filed a voluntary petition under Chapter 11 of the
Bankruptcy Code (Bankr. D. Md. Case No. 16-22231) on Sept. 12,
2016.  The Debtor estimated assets in the range of $100,000 to
$500,000 and liabilities in the range of $1 million to $10 million
as of the bankruptcy filing.  The Company's and the Cohens' cases
are jointly administered under Case No. 16-22231.

The Company is represented by Irving Edward Walker, Esq., at Cole
Schotz P.C.

The Cohens are represented by Yumkas, Vidmar, Sweeney & Mulrenin,
LLC.


MOBILESMITH INC: Adopts New Audit and Compensation Committees
-------------------------------------------------------------
The Board of Directors of MobileSmith Inc. adopted new audit
committee and compensation committee charters establishing audit
and compensation committees and appointed independent Board members
to the newly formed committees.
   
Board members Robert Smith, Ray Hemmig and Ronen Shviki were
appointed to the Audit Committee with Robert Smith as Audit
Committee Chairman.  Board members Robert Smith, Ray Hemmig and
Ronen Shviki were appointed to the Compensation Committee with Ray
Hemmig as Compensation Committee Chairman.
     
                     About MobileSmith, Inc.

Raleigh, North Carolina-based MobileSmith, Inc., was incorporated
as Smart Online, Inc. in 1993 and changed its name to MobileSmith,
Inc., effective July 1, 2013.  The company develops and markets
software products and services tailored to users of mobile devices.
Its flagship product, MobileSmith(R) Platform is an app
development platform that enables organizations to rapidly create,
deploy and manage custom, native smartphone and tablet apps
deliverable across iOS and Android mobile platforms.

MobileSmith reported a net loss of $7.50 million on $1.86 million
of total revenue for the year ended Dec. 31, 2016, compared to a
net loss of $7.71 million on $1.82 million of total revenue for the
year ended Dec. 31, 2015.  As of Sept. 30, 2017, Mobilesmith had
$2.12 million in total assets, $51.95 million in total liabilities
and a total stockholders' deficit of $49.83 million.

Cherry Bekaert LLP, in Raleigh, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company has suffered
recurring losses from operations and has a working capital
deficiency as of Dec. 31, 2016.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.


MOMENTIVE PERFORMANCE: Moody's Hikes CFR to B2; Outlook Stable
--------------------------------------------------------------
Moody's Investors Service has upgraded Momentive Performance
Materials Inc.'s Corporate Family Rating (CFR) to B2 from Caa1. At
the same time, Moody's upgraded the rating on Momentive's
first-lien senior secured notes to B2 from Caa1, and the rating on
its second-lien senior secured notes to Caa1 from Caa3, its
probability of default rating (PDR) to B2-PD from Caa1-PD, and its
speculative grade liquidity rating to SGL-2 from SGL-3. The ratings
outlook is stable. This rating action concludes the ratings review
initiated on November 7, 2017.

Rating action:

Issuer: Momentive Performance Materials Inc.

-- Corporate Family Rating, upgraded to B2 from Caa1

-- Probability of Default Rating, upgraded to B2-PD from Caa1-PD

-- Senior Secured First Lien Notes due 2021, upgraded to B2
    (LGD3) from Caa1 (LGD3)

-- Senior Secured Second Lien Notes due 2022, upgraded to Caa1
    (LGD5) from Caa3 (LGD5)

-- Speculative Grade Liquidity Rating, upgraded to SGL-2 from
    SGL-3

-- Outlook, stable

RATINGS RATIONALE

"Momentive's rating upgrade reflects its significant earnings
improvement and deleveraging thanks to improved market fundamentals
in the silicones industry, increasing focus on specialty silicones
and cost savings initiatives including the rationalization of its
siloxane production," says Jiming Zou, a Moody's Vice President and
Senior Analyst.

The substantial capacity overhang in the silicones industry evident
from 2010 to 2015 was meaningfully reduced due to capacity closure
and growing global demand from a wide range of end customer
industries in 2016 and 2017. Overall utilization rates and prices
have been rising in the silicone industry, leading to earnings
improvement. Moody's expect the market fundamentals will remain
favorable in the next one to two years given the lack of new
capacity and Momentive will benefit from its capital investment and
business growth in high-margin specialty silicones and silanes,
while executing cost savings program. Since its emerging from
bankruptcy in 2014, the company has realized $48 million
restructuring benefits including $10 million of savings by
transforming its siloxane production to specialty capacity in
Leverkusen, Germany. In 2017, the company's reported EBITDA rose to
$293 million, up 23% from $238 million a year ago.

Momentive's debt/EBITDA, including Moody's analytical adjustments,
dropped to about 5.8x at the end of 2017, from 7.3x a year ago, and
will likely trend towards the range of 5.0x-5.5x in 2018 as it
reduces one-off expenses related to restructuring, completes major
capital investments on growth capacity and generates positive free
cash flow. Moody's adjusted debt calculation includes pension and
operating lease adjustments.

Fundamentally, Momentive has been a leading global producer of
silicone products, with a track record of maintaining market share
positions across a diverse product portfolio. However, the company
remains exposed to the highly competitive silicone market and
competes against other larger revenue base companies with partial
backward integration. Adjusted EBITDA margin improved to about
12.6% in 2017, from 10.3% in 2016, but remains low compared to
other specialty chemical producers. Momentive has rationalized its
siloxane production in Germany and transformed its business towards
specialty silanes, automotive clear coats, optical displays and LSR
that will strengthen its earnings.

Liquidity is adequate with $173 million cash on hand and $214
million availability under the ABL facility as of December 31,
2017. Moody's expect the company to reduce its capital expenditure
and generate positive free cash flow in 2018. The facility is
governed by a maintenance covenant test; minimum fixed charge
coverage ratio of 1.0 to 1.0 that applies only if availability is
less than the greater of: 12.5% of the lesser of the borrowing base
and the total ABL commitments or $27 million. Moody's expect
Momentive to remain in compliance with its covenant.

The stable outlook reflects the expectation of a favorable
operating environment in the next one to two years and the
company's continuous effort to improve is cost structure and launch
more value-added silicone products to fend off competition.

Moody's would consider upgrading Momentives' ratings if the company
is able to improve its profitability with an EBITDA margin above
15%, generate consistently positive free cash flow of over $50
million per annum applied to debt reduction, and improve its
debt/EBITDA ratio sustainably below 5.0x.

Conversely, Moody's would consider downgrading Momentives' ratings
if the company's credit metrics deteriorate as a result of
weakening operational performance or a change in its financial
policy. Should its debt/EBITDA ratio rise above 6.0x, its EBITDA
margins fall below 10%, or it fails to generate positive free cash
flow, a rating downgrade could be considered.

Momentive's first-lien senior secured notes are upgraded to B2, the
same as the CFR since the $1.1 billion of first-lien notes
represent approximately 85% of the company's debt capital
structure. The $202 million of second-lien notes are upgraded to
Caa1, two notches below the CFR, reflecting their effective
subordination to the first-lien debt. In Moody's opinion, the level
of US-based collateral backing Momentive's US-issued debt is not
adequate to warrant any upward notching of the ratings of the
first-lien senior secured notes above the CFR.

The principal methodology used in these ratings was Chemical
Industry published in January 2018.

Based in New York, US, Momentive Performance Materials Inc. is one
of the largest global producer of silicones and silicone
derivatives. The company operates through two divisions, Silicones,
which account for approximately 92% of revenues; and Quartz.
Silicones, or more accurately, polymerized siloxanes or
polysiloxanes, are mixed inorganic-organic polymers that are used
in a wide variety of industrial and consumer applications including
agriculture, automotive, electronics, healthcare, personal care,
textiles, and sealants. Momentive is approximately 40% owned by
funds managed or owned by the private equity division of Apollo
Global Management (unrated). In 2017, Momentive generated $2.3
billion revenues.


MONSTER CONCRETE: Taps Heard Ary as Legal Counsel
-------------------------------------------------
Monster Concrete, LLC, seeks approval from the U.S. Bankruptcy
Court for the Northern District of Alabama to hire Heard, Ary &
Dauro, LLC as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; assist in the preparation of a plan of
reorganization; and provide other legal services related to its
Chapter 11 case.

Kevin Heard, Esq., and Angela Ary, Esq., the attorneys who will be
handling the case, charge $295 per hour and $225 per hour,
respectively.

Heard Ary and its attorneys are "disinterested" as defined in
Section 101(14) of the Bankruptcy Code, according to court
filings.

The firm can be reached through:

     Kevin D. Heard, Esq.
     Angela S. Ary, Esq.
     Heard, Ary & Dauro, LLC
     303 Williams Avenue, Suite 921
     Huntsville, AL 35801
     Phone: 256-535-0817
     E-mail: kheard@heardlaw.com
             aary@heardlaw.com

                     About Monster Concrete

Monster Concrete, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ala. Case No. 18-80280) on Feb. 1,
2018.  Judge Clifton R. Jessup, Jr. presides over the case.  Heard,
Ary & Dauro, LLC, is the Debtor's legal counsel.


MP DIAGNOSTIC: Hires Diaz and Associates as Attorney
----------------------------------------------------
MP Diagnostic, Inc., seeks authority from the U.S. Bankruptcy Court
for the Southern District of Florida to employ the Law Offices of
Diaz and Associates, as attorney to the Debtor.

MP Diagnostics requires Diaz and Associates to:

   a. give advice to the Debtor with respect to its powers and
      duties as debtor-in-possession;

   b. advise the Debtor with respect to its responsibilities in
      complying with the U.S. Trustee's Operating Guidelines and
      Reporting Requirements and with the rules of the Court;

   c. prepare motions, pleadings, orders, applications, adversary
      proceedings, and other legal documents necessary in the
      administration of the case;

   d. protect the interests of the Debtor in all matters pending
      before the Court; and

   e. represent the Debtor in negotiation with its creditors in
      the preparation of a Plan.

Diaz and Associates will be paid based upon its normal and usual
hourly billing rates.  The firm will also be reimbursed for
reasonable out-of-pocket expenses incurred.

Diaz and Associates will be paid a retainer in the amount of
$12,500, payable at $2,500 over a 5 week period beginning on
January 2, 2018.

Diaz and Associates will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Christian Diaz, managing partner of the Law Offices of Diaz and
Associates, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

Diaz and Associates can be reached at:

     Christian Diaz, Esq.
     LAW OFFICE OF DIAZ AND ASSOCIATES
     9730 SW 72 Street, Suite A110
     Miami, FL 33173
     Tel: (305) 598-1800
     E-mail: cdiaz@diazlawnowcom

                      About MP Diagnostic

MP Diagnostic, Inc., filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Fla. Case No. 18-10450) on Jan. 12, 2018, disclosing under $1
million in both assets and liabilities.  The Debtor is represented
by the Law Office of Diaz & Associates, P.A.


NATIONAL JEWISH: Fitch Ups Rating on $29MM Revenue Bonds From BB+
-----------------------------------------------------------------
Fitch Ratings has upgraded to 'BBB' from 'BB+' the following
revenue bonds issued by the Colorado Health Facilities Authority on
behalf of National Jewish Health (NJH):

-- $19.435 million fixed-rate revenue bonds, series 2012;
-- $9.9 million variable-rate demand revenue bonds, series 2005.

Fitch has also assigned an Issuer Default Rating (IDR) of 'BBB' to
NJH.

The Rating Outlook is revised to Stable from Positive.

SECURITY

The bonds are secured by a pledge of gross revenues (excluding
restricted charitable donations and grants) and a debt service
reserve fund.

ANALYTICAL CONCLUSION

The 'BBB' rating reflects revisions to Fitch's 'U.S. Not-for-Profit
Hospital and Health Systems Rating Criteria', dated Jan. 9, 2018
and subsequent application of the 'Rating Criteria for Public
Sector Revenue-Supported Debt', dated June 5, 2017. The rating
primarily reflects Fitch's expectation that NJH's leverage profile
will remain strong with net adjusted leverage below 1.0x cash flow
available for debt service (CFADS) through normal cyclical
volatility, offset by a very weak liquidity cushion and a 'weaker'
assessment of its operating risk. Midrange revenue defensibility is
based on NJH's somewhat narrow service line, enhanced by a national
reputation, favorable payor mix and solid demographics in its
primary service area.

KEY RATING DRIVERS

Revenue Defensibility: Midrange
Fitch's assessment of 'midrange' revenue defensibility corresponds
to a revenue defensibility assessment of 'bbb' under the 'U.S.
Not-For-Profit Hospitals and Health Systems Rating Criteria', which
was applied using a criteria variation (detailed below). The 'bbb'
assessment reflects NJH's somewhat limited reach as a specialty
provider, enhanced by a national reputation that solidifies its
market share and provides bargaining power on key revenue contracts
with commercial payors and clinical affiliates. Demographic
characteristics in NJH's primary operating location of Denver, CO
are favorable, as is its payor mix, evidenced by low Medicaid and
self-pay as a percentage of gross revenues.

Operating Risk: Weaker
NJH has a consistent history of operating deficits, with expense
growth that would have exceeded revenue growth by a considerable
margin had it not been for the addition of new revenue streams from
affiliations that have materialized over the past couple of years.
This, coupled with NJH's somewhat limited ability to pass through
cost growth to its patient base, supports an overall 'weaker'
assessment of its operating risk. Over time, Fitch expects NJH's
revenue growth to track expense growth, with expectations for NJH
to operate at modest deficits over the outlook period. Resource
management outcomes are solid, with NJH's national reputation
assisting in recruitment efforts of a highly specialized medical
staff at both its main facility and affiliate locations. Capital
spend from operations is expected to be limited to routine
expenditures over the next five years, with largescale strategic
capital projects to be funded with proceeds from an ongoing capital
campaign.

Financial Profile: Midrange
NJH's ample balance sheet resources, relative to its adjusted debt
through the cycle, support a 'stronger' assessment of its leverage
profile. However, the assessment of NJH's overall financial profile
is constrained at 'midrange' by its very low liquidity cushion
relative to operating expenses, which does not provide the
organization with adequate financial flexibility, in light of
Fitch's 'weaker' assessment of its operating risk.

Asymmetric Additive Risk Factors
There were no asymmetric additive risk factors applied in this
rating determination.

RATING SENSITIVITIES

SUSTAINED OPERATIONAL IMPROVEMENTS: Fitch's expectation is for the
'BBB' rating to remain stable over the Outlook period. Longer-term,
a demonstrated track record of breakeven operations, resulting in
material improvement in NJH's liquidity cushion would be necessary
for Fitch to take further positive rating action. Conversely, a
material deterioration in operating performance, though not
expected, could be cause for negative rating action, especially if
it results in erosion of key leverage metrics.


NATIONS FIRST: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Nations First Capital, LLC
           dba Go Capital, Go Capital Leasing, Go Capital USA, Go
           Construction Capital, Go Tech Capital, Go Truck
           Capital, Go Cap Funding, Go Funding USA, Go Lease USA,
           Go Leasing USA
        516 Gibson Drive, Suite 160
        Roseville, CA 95678

Type of Business: Go Capital, headquartered in Roseville,
                  California, specializes exclusively on providing
                  capital on semi-trucks and trailers.  The
                  Company provides unique solutions customized to
                  answer the specific needs of the trucking
                  industry.  Its services most of the credit
                  spectrum with an expertise in challenged credit
                  and owner operator business.

                  https://www.gotruckcapital.com/

Chapter 11 Petition Date: February 7, 2018

Court: United States Bankruptcy Court
       Eastern District of California (Sacramento)

Case No.: 18-20668

Judge: Hon. Christopher M. Klein

Debtor's Counsel: Paul J. Pascuzzi, Esq.
                  FELDERSTEIN FITZGERALD WILLOUGHBY
                  & PASCUZZI LLP
                  400 Capitol Mall #1750
                  Sacramento, CA 95814
                  Tel: 916-329-7400
                  E-mail: ppascuzzi@ffwplaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by James Daniel Summers, managing
director.

A full-text copy of the petition, along with a list of 20 largest
unsecured creditors, is available for free at:

        http://bankrupt.com/misc/caeb18-20668.pdf



NATURES BOUNTY: Bank Debt Trades at 5.58% Off
---------------------------------------------
Participations in a syndicated loan under which Nature's Bounty is
a borrower traded in the secondary market at 94.42
cents-on-the-dollar during the week ended Friday, February 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 2.56 percentage points from the
previous week. Nature's Bounty pays 775 basis points above LIBOR to
borrow under the $400 million facility.  The bank loan matures on
September 30, 2025. Moody's rates the loan 'Caa1' and Standard &
Poor's gave a 'CCC+' rating to the loan. 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
Friday, February 2.


NEIMAN MARCUS: Bank Debt Trades at 14.75% Off
---------------------------------------------
Participations in a syndicated loan under which Neiman Marcus Group
Inc is a borrower traded in the secondary market at 85.25
cents-on-the-dollar during the week ended Friday, February 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.49 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 October 25, 2020. Moody's rates the loan 'Caa1' and
Standard & Poor's gave a 'CCC' rating to the loan. 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 Friday, February 2.


NRG YIELD: Moody's Affirms Ba2 CFR & Senior Unsecured Rating
------------------------------------------------------------
Moody's Investors Service affirmed NRG Yield, Inc.'s (NYLD) Ba2
Corporate Family Rating and Ba2 senior unsecured rating following
NYLD's announcement that Global Infrastructure Partners (GIP, not
rated) will become the yieldco's new sponsor. GIP will acquire NRG
Energy, Inc.'s (NRG, Ba3 positive) renewable energy portfolio,
pipeline of development projects and its 46.3% economic interest in
NYLD for $1.375 billion and the acquisition is expected to close in
the second half of 2018. The outlook is stable. NYLD's speculative
grade liquidity rating (SGL) remains unchanged at SGL-2.

RATINGS RATIONALE

"Moody's views GIP to be a strong sponsor that will not add
incremental credit risk to NYLD compared to NRG" said Toby Shea, VP
-- Sr. Credit Officer of Moody's. "Under GIP's sponsorship, Moody's
expect NYLD to continue with its existing business strategy,
governance structure and financial policy", added Shea.

NYLD's credit quality reflects its low business risk profile and
the size and diversity of NYLD's portfolio, including its
renewable, gas and thermal assets. Cash flow diversity is strong,
with slightly more than half coming from renewable projects.
However, there is some geographic concentration, with about 70% of
cash flow being generated from projects in California. NYLD's
credit profile has incorporated the strong experience and
capability of its current sponsor NRG, characteristics that Moody's
also attribute to its new sponsor GIP.

Offsetting these credit strengths are leverage ratios that will
remain high. Moody's project the ratio of consolidated debt to
EBITDA to be in the mid 6x range while CFO Pre-WC/debt will be
slightly above 10% in 2018. Full year results for 2017 are likely
to slightly improve from the prior year, with consolidated debt to
EBITDA below 7x and CFO Pre-WC/debt around 10%, compared to 7.1x
and 9.7% in 2016, respectively.

Liquidity

NYLD has good liquidity, as reflected in its SGL-2 speculative
grade liquidity rating, which Moody's expect to continue under its
new sponsor. It has a modest amount of capital expenditures in the
near term and Moody's expect it will generate strong free cash flow
in 2018 and 2019 of about $300 million per year. As of September
30, 2017, the company had $179 million of cash on hand and a $495
million revolving credit facility with $427 million unused. NYLD's
revolving credit facility is sized to accommodate both operational
liquidity but also provide bridge funding for new acquisitions.

The revolving credit facility expires in April 2019 and contains a
material adverse change clause for new borrowings, a credit
negative. Financial covenants include a debt to Borrower Cash Flow
ratio of 5.5x and an interest coverage ratio of 1.75x. NYLD
reported a debt to Borrower Cash Flow ratio of 4.09x and an
interest coverage ratio of 5.02x in its compliance certificates
delivered in November 2017. NYLD's next debt maturity is a $345
million convertible bond due in February 2019.

Rating Outlook

NYLD's stable outlook reflects its projected consistent cash flow
and the diversity among individual projects. NYLD plans to continue
with its asset acquisition strategy now that the equity market for
yieldcos has recovered sufficiently. The stable outlook
incorporates Moody's expectation that NYLD will finance these
acquisitions in a way that does not significantly increase leverage
or worsen liquidity.

Factors that Could Lead to an Upgrade

Moody's may take positive rating action should the NYLD business
prove to be sustainable over the long term and the company's CFO
Pre-WC to debt rises to the mid-teens or consolidated debt to
EBITDA falls to 5.5x or below.

Factors that Could Lead to a Downgrade

A negative rating action could occur should the company's
consolidated debt to EBITDA be sustained at above 7.5x, or if CFO
Pre-W/C to debt falls below 9%, or if the cash flow from its
projects proves to be more volatile or less resilient than Moody's
expectations. A downgrade can also occur should the company modify
its financing strategy in a way that hurts credit quality, such as
by using additional leverage to finance growth.

Outlook Actions:

Issuer: NRG Yield, Inc.

-- Outlook, Remains Stable

Affirmations:

Issuer: NRG Yield, Inc.

-- Probability of Default Rating, Affirmed Ba2-PD

-- Speculative Grade Liquidity Rating, Affirmed SGL-2

-- Corporate Family Rating, Affirmed Ba2

-- Senior Unsecured Regular Bond/Debenture, Affirmed Ba2(LGD4)

The principal methodology used in these ratings was Unregulated
Utilities and Unregulated Power Companies published in May 2017.


ONEBADA BBQ: Case Summary & 9 Unsecured Creditors
-------------------------------------------------
Debtor: Onebada BBQ, Inc.
           dba Bulgogi House
        6901 Walker Street
        La Palma, CA 90623

Business Description: Onebada BBQ, Inc. dba Bulgogi House
                      is a Korean barbecue restaurant in
                      La Palma, California, serving all-you-can-
                      eat Korean BBQ in casual, stylish surrounds.
                      Bulgogi House was founded in 1992 by Young
                      Park.  

                      http://bulgogihousebbq.com/

Chapter 11 Petition Date: February 9, 2018

Court: United States Bankruptcy Court
       Central District of California (Santa Ana)

Case No.: 18-10428

Judge: Hon. Catherine E. Bauer

Debtor's Counsel: Jaenam J Coe, Esq.
                  LAW OFFICES OF JAENAM COE, PC
                  3731 Wilshire Bl Ste 910
                  Los Angeles, CA 90010
                  Tel: 213-389-1400
                  Fax: 213-387-8778
                  E-mail: coelaw@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Young Keun Park, president.

A full-text copy of the petition, along with a list of nine
unsecured creditors, is available for free at
http://bankrupt.com/misc/cacb18-10428.pdf


OVERSEAS SHIPHOLDING: S&P Rates $380MM Term Loan Due 2022 'B+'
--------------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue-level rating and '1'
recovery rating to Overseas Shipholding Group Inc.'s proposed
amended and extended $380 million term loan due 2022. The '1'
recovery rating indicates S&P's expectation for very high recovery
(90%-100%; rounded estimate: 95%) in the event of a payment
default.

S&P said, "At the same time, we affirmed our 'B+' issue-level
rating on the company's asset-based lending (ABL) revolver due
February 2019. The '1' recovery rating remains unchanged,
indicating our expectation for very high recovery (90%-100%;
rounded estimate: 95%) in the event of a payment default."

OSG is seeking to amend its existing term loan agreement and extend
the maturity of the facility by three years to August 2022. As part
of this transaction, the company plans to use cash from its balance
sheet to repay (at par) $75 million of its senior secured term
loan.

S&P said, "The developing outlook on OSG reflects that we could
affirm, lower, or raise our ratings on the company following the
transaction. If OSG completes the refinancing as proposed, we
expect that it will maintain sufficient liquidity to meet its
operational requirements over the next 12 months. In addition, we
believe that the transaction will cause the company's
debt-to-EBITDA to increase above 6x in 2018 and 2019 as its funds
from operations (FFO)-to-debt ratio falls below 10%.

"We could lower our ratings on OSG over the next year if one or
more of the following occur: the company faces challenges while
refinancing its upcoming maturities; its liquidity position
deteriorates to the point that we revise our liquidity assessment
to less than adequate or weak; we come to believe that OSG is
dependent upon favorable business, financial, or economic
conditions to meet its financial commitments; or we come to view
the company's financial obligations as unsustainable over the long
term regardless of whether it will face a credit or payment crisis
in the next 12 months.

"On the other hand, we could raise our ratings on OSG over the next
year if it completes the refinancing transaction as proposed and
the conditions in the domestic liquid shipping industry improve due
to a rebalancing of industry capacity, causing its FFO-to-debt
ratio to increase to the low-double-digit percent area for a
sustained period while it maintains adequate liquidity."

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

S&P said, "Our simulated default scenario assumes a payment default
occurring in 2020 amid a decline in U.S. economic activity that
leads to intensified rate competition in the domestic shipping
market and reduced volumes for the company.

"Consistent with our recovery analysis for most shipping companies,
we assess recovery prospects using a discrete asset valuation
approach. In the case of OSG, we compare each debt instrument with
our estimate of the value of the assets securing its debt
repayment."

Simulated default assumptions

-- Simulated year of default: 2020
-- Methodology used: discrete asset valuation, going concern

Simplified waterfall

-- Gross enterprise value: $531 million
-- Administrative expenses: $26 million
-- Net enterprise value: $505 million
-- ABL revolver: $46 million
    --Recovery expectation: 90%-100% (rounded estimate: 95%)
-- Senior secured debt: $387 million
    --Recovery expectation: 90%-100% (rounded estimate: 95%)
Note: All debt amounts include six months of prepetition interest.

RATINGS LIST

  Overseas Shipholding Group Inc.
   Corporate Credit Rating        B-/Developing/--

  New Rating

  OSG Bulk Ships Inc
   Senior Secured
    $380 mil term ln due 2022     B+
     Recovery Rating              1(95%)

  Ratings Affirmed; Recovery Ratings Unchanged

  OSG Bulk Ships Inc
   Senior Secured
    ABL Revolver Due Feb 2019     B+
     Recovery Rating              1(95%)


PARTY CITY: S&P Rates $1.2BB Term Loan 'B+' on Refinancing Plan
---------------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue-level rating to
U.S.-based party goods designer, marketer, and distributor Party
City Holdings Inc.'s proposed $1.2 billion term loan due August
2022. The recovery rating is '3', indicating S&P's expectation for
meaningful (50%-70%; rounded estimate: 50%) recovery in the event
of a payment default. The company will use proceeds to refinance
the company's existing $1.2 billion term loan due August 2022, and
pay modest fees and expenses related to the transaction. This
proposed refinancing would save the company some interest costs,
but does not have a meaningful impact on its credit ratios.

S&P said, "We expect operating performance at Party City to remain
stable despite persistent industry headwinds in the retail space.
In addition, we expect adjusted leverage to remain in the mid- to
high-4.0x range over the next 12 months. Party City recently
implemented a $100 million share repurchase program (its first
since becoming a public company in April 2015) and repurchased
Advent International's $242 million equity stake. We think this
signals a more shareholder friendly shift in financial policy, but
we do not expect the company to meaningfully deviate from its
previously stated leverage target."

RATINGS LIST

  Party City Holdings Inc.
   Corporate Credit Rating                    B+/Stable/--

  New Rating

  Party City Holdings Inc.
  Party City Corporation
   Senior Secured
    US$1.2 bil 1st lien term ln due 2022      B+
     Recovery Rating                          3(50%)


PENTHOUSE GLOBAL: Taps Weiss & Spees as Legal Counsel
-----------------------------------------------------
Penthouse Global Media, Inc., seeks approval from the U.S.
Bankruptcy Court for the Central District of California to hire
Weiss & Spees, LLP as its legal counsel.

The firm will assist in the preparation of a plan of reorganization
and will provide other legal services related to the Chapter 11
cases filed by the company and its affiliates.

The firm's hourly rates are:

     Michael Weiss, Esq.     $550
     Sherry Spees, Esq.      $550
     Laura Meltzer, Esq.     $350
     Paralegals              $175

Weiss & Spees received a pre-bankruptcy retainer in the sum of
$70,000.

Michael Weiss, Esq., disclosed in a court filing that the firm's
attorneys and legal assistants do not hold any interest adverse to
the Debtors' estates.

Weiss & Spees can be reached through:

     Michael H Weiss, Esq.
     Laura J. Meltzer, Esq.
     Weiss & Spees, LLP
     1925 Century Park East, Suite 650
     Los Angeles, CA 90067-2701
     Tel: 424-245-3100
     Fax: 424-217-4160
     E-mail: mw@weissandspees.com
             lm@weissandspees.com

                     About Penthouse Global

Headquartered in Chatsworth, California, Penthouse Global Media,
Inc. -- http://www.penthouseglobalmedia.com/-- was launched in
February 2016 as an acquisition by veteran entertainment executive,
Kelly Holland.  The Company continues the 50+ year Penthouse brand
legacy.  The focal point of the business includes four main
branches: broadcast, publishing, licensing and digital.  Various
Penthouse TV channels are available in over 100 countries.
Penthouse Magazine was founded in the U.K. in 1965 by Bob Guccione
and brought to the U.S. in 1969.

Penthouse Global Media, Inc. and its affiliates filed Chapter 11
petitions (Bankr. C.D. Cal. Lead Case No. 18-10098) on Jan. 11,
2018.  

In the petitions signed by Kelly Holland, CEO, Penthouse Media
estimated its assets at up to $50,000 and its liabilities at
between $10 million and $50 million.  Penthouse Broadcasting
estimated its assets at between $1 million and $10 million and
liabilities at between $500,000 and $1 million.  Penthouse
Licensing estimated its assets and liabilities at between $1
million and $10 million each.

Judge Martin R. Barash presides over the case.

Michael H. Weiss, Esq., and Laura J. Meltzer, Esq., at Weiss &
Spees, LLP, serve as the Debtors' bankruptcy counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on January 30, 2018.


PINNACLE COMPANIES: Taps Marcus & Millichap as Real Estate Broker
-----------------------------------------------------------------
Pinnacle Companies, Inc., seeks authority from the U.S. Bankruptcy
Court for the Eastern District of Texas to employ Marcus &
Millichap, as real estate broker to the Debtor.

Pinnacle Companies requires Marcus & Millichap to market and sell
the Debtor's real property located at 906 Hillcrest Drive, Sulphur
Springs, Texas 75482, in Hopkins County, Parcel #R000024791.

Marcus & Millichap will be paid a commission of 5.25% of the
purchase price.

Ron Hebert, member of Marcus & Millichap, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Marcus & Millichap can be reached at:

     Ron Hebert
     MARCUS & MILLICHAP
     5001 Spring Valley Rod, Suite 100W
     Dallas, TX 75244
     Tel: (972) 755-5200
     Fax: (972) 755-5210

                    About Pinnacle Companies

Pinnacle Companies, Inc., owns real property located at 906
Hillcrest Drive, Sulphur Springs, Texas 75482, in Hopkins County,
Parcel #R000024791, which includes a commercial building, office
space, warehouse and other improvements on approximately 48.775
acres of land.

Pinnacle Companies sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Tex. Case No. 16-41889) on Oct. 18,
2016.  In the petition signed by Miles J. Arnold, director, the
Debtor estimated assets of less than $50,000 and liabilities of $10
million to $50 million.  The case is assigned to Judge Brenda T.
Rhoades.  Quilling, Selander, Lownds, Winslett & Moser, P.C.,
serves as the Debtor's legal counsel.


POINT.360: Given Until May 8 to File Plan of Reorganization
-----------------------------------------------------------
Judge Julia W. Brand of the U.S. Bankruptcy Court for the Central
District of California has extended Point.360's plan filing and
plan acceptance exclusivity periods to May 8, 2018 and July 7,
2018, respectively.

The Troubled Company Reporter has previously reported that the
Debtor sought for an extension of the exclusivity periods to
provide the Debtor with sufficient time to conclude its lease
negotiations and related matters involving the landlords, to
reconcile claims after the bar date has passed, to file any
objections to claims, and to draft and propose its Chapter 11 plan.
The Debtor said that fundamental plan-related terms cannot be
determined until claims are filed, reviewed and reconciled for plan
treatment. In addition, the Debtor anticipated filing a motion to
approve a settlement with REEP to resolve that $1 million claim
pursuant to FRBP 9019.

The Debtor further said that it is earnestly working both to
maintain satisfactory relationships and to make progress with its
key creditors and customers.  However, Medley Opportunity Fund II,
LP, remains an adversarial party having opposed most of the
Debtor's requests for relief and having recently moved for an
unspecified form of adequate protection. While this contact has not
yet brought consensus, the Debtor remained willing to negotiate
with Medley as matters develop within the bankruptcy case.  The
Debtor anticipated further negotiations with Medley during the
requested extension period.

                        About Point.360

Point.360 (PTSX) -- http://www.point360.com/and
http://www.mvf.com/-- is a value add service organization
specializing in content creation, manipulation and distribution
processes integrating complex technologies to solve problems in the
life cycle of Rich Media.  With locations in greater Los Angeles,
Point.360 performs high and standard definition audio and video
post production, creates virtual effects and archives and
distributes physical and electronic Rich Media content worldwide,
serving studios, independent producers, corporations, non-profit
organizations and governmental and creative agencies.  Point.360
provides the services necessary to edit, master, reformat and
archive clients' audio and video content, including television
programming, feature films and movie trailers.  Point.360's
interconnected facilities provide service coverage to all major
U.S. media centers.

Point.360 filed a voluntary petition for reorganization under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No.
17-22432) on Oct. 10, 2017.  Haig S. Bagerdjian, the Company's
Chairman, President and CEO, signed the petition.

The Debtor disclosed total assets of $11.14 million and total debt
of $14.77 million as of March 31, 2017.

The Hon. Julia W. Brand is the case judge.

The Debtor hired Lewis R. Landaue, Esq., as bankruptcy counsel, and
TroyGould PC, as transactional counsel.

No trustee has been appointed, and the Company will continue to
operate its business as "debtor in possession" under the
jurisdiction of the Court and in accordance with the applicable
provisions of the Bankruptcy Code and orders of the Court.


PREMIER MARINE: Unsecured Creditors to Get 17.4-41.7% Over 5 Years
------------------------------------------------------------------
Premier Marine, Inc., files with the U.S. Bankruptcy Court for the
District of Minnesota a Disclosure Statement in relation to Plan of
Reorganization dated January 22, 2018.

Class 16 comprised of the holders of allowed general unsecured
claims against the Debtor. The Debtor estimates that allowed
unsecured claims, including contract rejection claims, will total
between approximately $8,000,000 and $8,500,000.

Under the Plan, the Reorganized Debtor will make five Annual
Earnings Distributions of the Reorganized Debtor's Earnings. The
Plan provides that Earnings Distributions will not exceed
$3,550,000. The Reorganized Debtor projects a total recovery of
approximately $1,481,000 which represents a 17.4% recovery on
$8,500,000. Should the Debtor exceed projections and achieve the
Earnings Distribution Cap, creditor recovery would be 41.7% on
$8,500,000 of Allowed Class 16 claims.

Subject to the Earnings Distribution Cap, upon the closing of the
Sale Transaction, the Reorganized Debtor will distribute Pro Rata
to the holders of Allowed Class 16 claims a final distribution
equal to the greater of: (a) 10% of (the Sale Transaction proceeds
less the unpaid Secured Debt less equipment lease balances); or (b)
the unpaid balance of the Minimum Annual Distribution. As such, the
Minimum Earnings Distribution payable to Class 16 creditors over
five years is $1,050,000.

In addition, the Plan provides that on the Effective Date, all
property of the Debtor will vest in the Reorganized Debtor, free
and clear of all claims, interests, liens, charges or other
encumbrances, and the Reorganized Debtor will issue 100 Shares of
common stock representing 100% of the equity in the Reorganized
Debtor to Trusek in exchange for: (a) a $1,000,000 cash
contribution, (b) the conversion of the $500,000 Trusek Prepetition
Note to equity and (c) the Trusek guaranty of the ABN senior debt.

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

           http://bankrupt.com/misc/mnb17-32006-214.pdf

                      About Premier Marine

For 25 years, Premier Marine, Inc., has manufactured "Premier"
brand pontoon boats -- http://www.pontoons.com/-- in Wyoming,
Minnesota.  Premier Marine designs, builds and markets luxury
pontoons and holds many patents on manufacturing elements such as
furniture hinges, J-Clip rail fasteners and the PTX performance
package.  The family-owned and operated Company sells its pontoons
through boat dealers located throughout the United States and
Canada.

Premier Marine is a family owned business formed in 1992 by Robert
Menne and Eugene Hallberg.  The Menne family controls 72.8% of the
company equity.  Hallberg controls the remaining 27.2% and is
Premier's landlord.

Premier Marine, Inc., filed a Chapter 11 petition (Bankr. D. Minn.
Case No. 17-32006) on June 19, 2017.  

The need for reorganization in chapter 11 was precipitated by a
failed acquisition of another pontoon manufacturer in 2011.  The
Chapter 11 was filed in response to an eviction action commenced by
Hallberg for the nonpayment of rent.  The Chapter 11 is necessary
to attract a new equity partner, reject the Hallberg leases,
consolidate manufacturing under a single roof and reorganize the
business for the mutual benefit of the Debtor creditors, employees
and dealer network.

The bankruptcy petition was signed by Lori J. Melbostad, the
Debtor's president.  

The Debtor estimated assets and liabilities between $10 million and
$50 million.

The case is assigned to Judge Katherine A. Constantine.  

The Debtor's counsel are Michael F. McGrath, Esq., and Will R.
Tansey, Esq., at Ravich Meyer Kirkman McGrath Nauman & Tansey, A
Professional Association.  Guidesource's Richard Gallagher is the
Debtor's financial consultant.

On June 27, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Fafinski, Mark &
Johnson, P.A., represents the committee as bankruptcy counsel.


PREMIER PCS OF TX: Taps James Borduin as Accountant
---------------------------------------------------
Premier PCS of TX, LLC, seeks approval from the U.S. Bankruptcy
Court for the Western District of Texas to hire a certified public
accountant.

The Debtor proposes to employ James Borduin to prepare its tax
returns, review the year-end accounting, and make year-end
adjustments as needed.

Mr. Borduin will be paid $1,000 per month for his services.

In a court filing, Mr. Borduin disclosed that he does not hold any
interest adverse to the Debtor's estate, creditors or equity
security holders.

Mr. Borduin maintains an office at:

     James Borduin
     3312 Peachtree Industrial Blvd., Suite 9
     Duluth, GA 30096
     Phone: (770) 457-4636

                   About Premier PCS of TX

Based in El Paso, Texas, Premier PCS of TX, LLC, provides computer
maintenance and repair services.  Premier PCS of TX, based in El
Paso, TX, filed a Chapter 11 petition (Bankr. W.D. Tex. Case No.
17-32021) on Dec. 6, 2017.  In the petition signed by Richard Ahn,
managing member, the Debtor estimated $500,000 to $1 million in
assets and $1 million to $10 million in liabilities.  The Hon.
Christopher H. Mott presides over the case.  E.P. Bud Kirk, a
partner at the law firm of E.P. Bud Kirk, serves as bankruptcy
counsel.


PREMIER PCS: Hires Sul Lee as Special Counsel
---------------------------------------------
Premier PCS of TX, LLC, seeks authority from the U.S. Bankruptcy
Court for the Western District of Texas to employ the Law Office of
Sul Lee, PLLC, as special counsel to the Debtor.

As of the petition date, the Debtor was a co-Defendant and
Counter-Plaintiff in a state court civil proceedings in Dallas
County, Texas. The claim for $500,000 against the Debtor is a
dispute over a business purchase transaction. The Debtor has
counterclaimed for $1,000,000.

Premier PCS of TX requires Sul Lee to represent the Debtor and
provide legal services in relation to the state court civil
proceedings in Dallas County, Texas.

Sul Lee will be paid at these hourly rates:

     Attorneys                       $275
     Associates                      $225
     Paralegals                      $125

Prior to the Petition Date, Sul Lee was paid the amount of $19,923
for prepetition services.

Sul Lee will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Sul Lee, partner of the Law Office of Sul Lee, PLLC, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Sul Lee can be reached at:

     Sul Lee, Esq.
     LAW OFFICE OF SUL LEE, PLLC
     2560 Royal Ln., Suite 202
     Dallas, TX 75229
     Tel: (214) 206-4064

                    About Premier PCS of TX

Based in El Paso, Texas, Premier PCS of TX, LLC, provides computer
maintenance and repair services. Premier PCS of TX, based in El
Paso, TX, filed a Chapter 11 petition (Bankr. W.D. Tex. Case No.
17-32021) on Dec. 6, 2017.  In the petition signed by Richard Ahn,
managing member, the Debtor estimated $500,000 to $1 million in
assets and $1 million to $10 million in liabilities.  The Hon.
Christopher H. Mott presides over the case.  E.P. Bud Kirk, a
partner at the law firm of E.P. Bud Kirk, serves as bankruptcy
counsel to the Debtor.  The Law Office of Sul Lee, PLLC, is special
counsel.


QUADRANT 4: Exclusive Plan Filing Period Extended to March 8
------------------------------------------------------------
Judge Jack N. Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois, at the behest of Quadrant 4 System
Corp. and its affiliates, has extended the exclusivity period to
propose and solicit acceptances of a Chapter 11 plan to March 8,
2018 and May 7, 2018, respectively, without prejudice to a
possibility of further extension.

As reported by the Troubled Company Reporter on Jan. 25, 2018, the
Debtors asked the Court for a 90-day extension of their exclusivity
periods to propose and solicit acceptances of a Chapter 11 plan.
Specifically, Q4 asked that the plan proposal period be extended to
April 25, 2018, from Jan. 25, 2018, and that the solicitation
period be extended to Jun. 24, 2018, from March 26, 2018.

Stratitude has not previously moved to extend the Exclusivity
Periods with respect to the Stratitude case.  The Plan Proposal
Period in the Stratitude case expires on Feb. 10, 2018 and the
Solicitation Period expires on April 11, 2018.

The Plan Proposal Period in the Q4 Case expires on Jan. 25, 2018,
and the Solicitation Period in the Q4 Case expires on March 26,
2018.

The Debtors asserted that cause exists to extend the Exclusivity
Periods, primarily because the Debtors have not yet had an
opportunity to focus on negotiating a successful Chapter 11 plan
and prepare adequate information in support thereof.  Since their
respective Petition Dates, the Debtors' attention has been
singularly focused on selling substantially all their assets --
efforts that have paid off for their creditors by generating a
large pool of money for their estates and for the benefit of both
secured and unsecured creditors.

The respective directors, officers and management of the Debtors
overlap significantly. Stratitude's assets served as collateral for
Q4's secured lenders. As such, during the first six months of the
Q4 case, Q4's management team and professionals have also spent
significant time marketing Stratitude's assets and negotiating the
terms of a sale of those assets, ultimately led to Court approval
and closing of the Stratitude Asset Sale in the beginning of
December 2017.

In addition to Asset Sales, Q4 and its professionals maintain
ongoing efforts to sell the QHIX Healthcare Platform Business Unit
including marketing and negotiations for distinct subparts of that
Business Unit.

Further, Q4 and its professionals have committed significant time
and effort to resolving the disposition of Q4's licenses under the
License Agreement with TriZetto and the parties' disputes
thereunder.  Q4 first began exploring a settlement and buy-down
with TriZetto in September 2017. Such discussions ultimately led to
the parties agreeing to the Modification Agreement submitted to
this Court for presentment on Jan. 23, 2018. Relatedly, significant
efforts were also committed to the drafting of the Modification
Agreement Motion, including addressing the concerns for Q4's
secured creditors and the Committee.

Despite the vast majority of the Debtors' attention being directed
to the efforts, the Debtors have begun negotiations with the
Committee with the goal of drafting a joint plan of liquidation.
As of the filing of this motion, a draft term sheet has been
circulated between the Debtors and the Committee and negotiations
are well underway, meaning there is a high likelihood of the filing
and solicitation of a joint, confirmable plan, prior to the
Proposed Expiration Dates.

In connection with their successful and time-consuming efforts
regarding the Asset Sales and the Modification Agreement, the
Debtors have worked closely with their secured lenders and the
Committee throughout the Chapter 11 Cases to obtain consensus and
cooperation among the key constituencies where possible. In the
same vein, the Debtors have strived to address concerns and
comments from the Office of the United States Trustee. Accordingly,
a majority of the effort of the Debtors and their professionals
occur "behind the scenes" in this matter.

Finally, as detailed in the Declarations, the Chapter 11 Cases were
filed in less than ideal circumstances as a result of the Criminal
Action, the SEC Action, and the action of the Criminal Defendants.
These actions have required additional time and effort on the
Debtors' part to complete their Schedules and Statement of
Financial Affairs, and have generally complicated the
fact-gathering process for many of the motions filed and presented
to date.

                    About Quadrant 4 System

Quadrant 4 System Corporation (OTC:QFOR) -- http://www.qfor.com/--
sells IT products and services.  Its revenues are primarily
generated from the placement of staffing or solution consultants,
and the sale and licensing of its proprietary cloud-based Software
as a Service (SaaS) systems, as well as a wide range of technology
oriented services and solutions.  The company's principal executive
offices are located in Schaumburg Illinois.  It also operates its
business from various offices located in Naples, Florida;
Alpharetta, Georgia; Bingham Farms, Michigan; Cranbury, New Jersey;
Pleasanton, California; and Ann Arbor, Michigan.

Quadrant 4 is the 100% owner of the issued and outstanding common
stock of Stratitude, Inc., a California corporation, which it
acquired on or about Nov. 3, 2016. Concurrently with the Stratitude
Acquisition, Stratitude acquired certain of the assets of Agama
Solutions, Inc., a California corporation.  Both Stratitude and
Agama are located in Pleasanton and Fremont, California and are
engaged in the IT business.

Quadrant 4 disclosed total assets of $47.05 million and total
liabilities of $31.39 million as of Sept. 30, 2016.

Quadrant 4 filed a Chapter 11 petition (Bankr. N.D. Ill. Case No.
17-19689) on June 29, 2017.   Stratitude, Inc., filed a Chapter 11
petition (Bankr. N.D. Ill. Case No. 17-30724) on Oct. 13, 2017.
The case is jointly administered with that of Quadrant 4.  

Quadrant 4, which was subject to a securities fraud probe that led
to the arrest and resignation of its top two executives seven
months ago, sought Chapter 11 protection after reaching a
settlement with the U.S. Securities and Exchange Commission and
signing deals to sell four business segments for at least $6.9
million.

The Debtors' cases are assigned to Judge Jack B. Schmetterer.

The Debtors' bankruptcy counsel is Adelman & Gettleman Ltd.  Nixon
Peabody LLP acts as special counsel to the Debtors for matters
concerning taxes, labor, ERISA, securities compliance,
international law, and related matters while Faegre Baker Daniels
LLP acts as special counsel for securities litigation.  The Debtors
hired Silverman Consulting Inc. as financial consultant, and
Livingstone Partners, LLC, as investment banker.

On July 10, 2017, an official committee of unsecured creditors was
appointed in the Debtor's case.  The Committee retained Sugar
Felsenthal Grais & Hammer LLP as its legal counsel, and Amherst
Partners, LLC, as its financial advisor.


RAMLA USA: MDF Buying Liquor License No. 47-521781 for $85K
-----------------------------------------------------------
Ramla USA, Inc., asks the U.S. Bankruptcy Court for the Central
District of California to authorize the sale of its interest in a
Type-47 "On-Sale General For Bona Fide Eating Place" liquor license
bearing license number 47-521781 to M.D.F. International, Inc. for
$85,000, subject to overbid.

A hearing on the Motion is set for Feb. 27, 2018 at 10:00 a.m.
Objections, if any, must be filed within 14 days from the date the
Motion was served.

The Debtor owns and operates traditional Japanese/Izakaya-style
restaurants, along with four restaurant/food service locations
currently in operation (located in Monrovia, San Francisco, Palm
Springs, and Los Angeles, California).  It has two non-operating
locations in West Covina, California and Encino, California that
closed in early 2017 and mid-2016, respectively.  Both the Encino
Location and the West Covina Location have liquor licenses
associated with them.  

The Debtor has already sold the liquor licenses associated with the
Encino Location pursuant to the order of the Court.  The Debtor has
determined that the Liquor License associated with the West Covina
Location, which expires on May 31, 2018, has significant value for
the Estate.

The Debtor has received an offer from the Buyer to purchase the
Liquor License for $85,000, free and clear of liens, interests,
claims, and encumbrances, with such liens, interests, claims, and
encumbrances to attach to the Sale proceeds.  The parties have
negotiated a sale of the Estate's interest in the Liquor License
pursuant to the terms of the Escrow Instructions.  

The salient terms of the proposed sale are:

     a. Sale Price:  The Debtor proposes to sell the Liquor License
to the Buyer, subject to Court approval, for $85,000.  The Purchase
Price will be deposited in full into escrow by the Buyer within 30
days after the application to transfer the Liquor License has been
filed with the ABC.  In the event a party other than the Buyer is
the winning overbidder for the Liquor License, such overbidder will
deposit the balance of the overbid amount (taking into account any
deposit delivered by such overbidder) into escrow within three
calendar days after entry of a Court order granting the Sale
Motion.

     b. Earnest Money Deposit: $8,500 made payable to Federal
Escrow, Inc.  The amount of any deposit paid will be credited
against the Purchase Price at the close of escrow.

     c. Payment of Costs, Fees, and Sale or Transfer Taxes: The
Buyer will bear and be solely responsible for the payment of any
and all costs, fees, and sales or transfer taxes arising from the
sale and transfer of the Liquor License.  Commission owed to the
Buyer's broker, Louie F. Cano, will be paid by the Buyer . Sales
and use taxes payable to the State Board of Equalization ("SBOE"),
if any, incurred by the Debtor prior to the transfer of the Liquor
License will be paid by the Estate from the Purchase Price through
escrow.  The Debtor is not aware of any tax liens secured by the
Liquor License.

     d. Sale Subject to Overbid: The proposed Sale to the Buyer is
subject to overbid, according to the terms proposed.

     e. No Representations or Warranties: The Debtor is selling the
Liquor License to the Buyer on an "as is, where is" basis, without
any representations or warranties by the Debtor.

     f. Bankruptcy Court Jurisdiction: The Court will have
exclusive jurisdiction to interpret and enforce over any case or
controversy arising from the Sale.

     g. Tax Consequences: The Debtor expresses no opinion as to
whether there are tax consequences to the Sale.

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

            http://bankrupt.com/misc/Ramla_USA_98_Sales.pdf

While the Debtor is prepared to consummate the Sale of the Liquor
License to the Buyer pursuant to the terms of the Escrow
Instructions, it is obliged to ask the maximum price for the Liquor
License.  Accordingly, the Debtor asks that the Court authorizes it
to implement an overbid procedure regarding the sale of the Liquor
License on the Bid Procedures.

The salient terms of the Bidding Procedures are:

     a. Present at Hearing: The Buyer and each Qualified Bidder
must be either physically present at the hearing on the Sale Motion
or represented by an individual or individuals who is/are
physically present at the hearing and have the authority to
participate in the
overbid process.

     b. Notice of Overbid: Any party wishing to participate in the
overbid process must notify the Debtor in writing directed to Robyn
Sokol via email addressed to rsokol@bg.law of his/her/its intention
to do so no later than close of business two calendar days before
the date of the hearing on the Sale Motion.

     c. Earnest Money Deposit: $8,500

     d. Initial Overbid: $5,000

     e. Bid Increments: $1,000

Based upon its review of comparable sales, the Debtor believes that
the Purchase Price is a reasonable offer given the current market
conditions.  In addition, the proposed overbid procedures and
auction process are specifically designed to ensure that the
highest price possible is obtained for this asset. Given that there
are no secured liens asserted against the Liquor License, the
Debtor submits that the proposed Sale will provide the Estate with
a significant benefit.

Finally, the Debtor asks the Court to waive the 14-day stay imposed
by F.R.B.P. 6004(h).

The Purchaser:

          M.D.F. INTERNATIONAL, INC.
          6633 Hollywood Blvd.
          Los Angeles, CA 90028
          Attn: Io. Beroiz

                        About Ramla USA

Headquartered in Monrovia, California, Ramla USA Inc. is a small
organization in the restaurants industry located in Monrovia,
California.  It owns and operates traditional
Japanese/Izakaya-style restaurants.  Along with four restaurant
and food service locations currently in operation (located in
Monrovia,
San Francisco, Palm Springs, and Los Angeles, California), it has
two non-operating locations in West Covina, California and Encino,
California that closed in early 2017 and mid-2016, respectively.
Each of the defunct locations still has liquor licenses associated
with them.

Ramla USA sought Chapter 11 protection (Bankr. C.D. Cal. Case No.
17-24318) Nov. 20, 2017.  In the petition signed by CEO Yuji Ueno,
the Debtor estimated assets in the range of $1 million to $10
million and $10 million to $50 million in debt.  The Debtor tapped
Robyn B. Sokol, Esq., at Brutzkus Gubner Rozansky Seror Weber LLP,
as counsel.


RAND LOGISTICS: CFO Hiltwein Resigning on Chapter 11 Exit
---------------------------------------------------------
Mark S. Hiltwein, chief financial officer of Rand Logistics, Inc.
resigned from his position, effective upon consummation of the
Company's pre-packaged plan of reorganization.  Mr. Hiltwein's
resignation is not the result of any disagreement with the Company
on any matter relating to its operations, policies or practices,
according to a Form 8-K filed by the Company with the Securities
and Exchange COmmission.

In connection with Mr. Hiltwein's resignation, the Company's Board
of Directors, upon the recommendation of the Compensation Committee
of the Board, approved a one-time lump sum cash payment to Mr.
Hiltwein of $100,000, which is payable upon consummation of the
Plan.

                        About Rand Logistics

Rand Logistics, Inc. -- http://www.randlogisticsinc.com/--
provides bulk freight shipping services in the Great Lakes region.
Through its subsidiaries, the Company operates a fleet of ten
self-unloading bulk carriers, including eight River Class vessels
and one River Class integrated tug/barge unit, and three
conventional bulk carriers, of which one is operated under a
contract of affreightment.  The Company's vessels operate under the
U.S. Jones Act -- which dictates that only ships that are built,
crewed and owned by U.S. citizens can operate between U.S. ports -
and the Canada Marine Act -- which requires Canadian commissioned
ships to operate between Canadian ports.  Headquartered in Jersey
City, New Jersey, Rand Logistics was formed in 2006 through the
acquisition of the outstanding shares of capital stock of Lower
Lakes Towing Ltd.  Common shares of Rand Logistics trade on the
NASDAQ Capital Market under the symbol RLOG.

On Jan. 29, 2018, Rand Logistics, Inc. and seven of its
subsidiaries filed voluntary petitions seeking relief under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 18-10175).
The petitions were signed by Mark S. Hiltwein as chief financial
officer.  The Debtors listed total consolidated assets of
$268,948,855 and total consolidated debt of $258,535,349 as of Nov.
30, 2017.

The Debtors are represented by Pepper Hamilton LLP as Delaware
bankruptcy counsel, Akin Gump Strauss Hauer & Feld LLP as general
bankruptcy counsel, Conway Mackenzie, Inc., as turnaround manager,
Miller Buckfire & Co. LLC as financial advisor, and Kurtzman Carson
Consultants as noticing, balloting & claims agent.


RANDOLPH AND RANDOLPH: Taps Worrell Poole as Accountant
-------------------------------------------------------
Randolph and Randolph LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Alabama to hire Worrell, Poole &
Co. as its accountant.

The firm will assist the Debtor in preparing its tax returns and
reports; examine its books and records; participate in discussions
regarding the Debtor's efforts to reorganize; and provide other
accounting services related to its Chapter 11 case.

The firm's hourly rates are:

     Accountants         $120 to $360
     Bookkeepers              $88
     Non-Accountants      $35 to $88

Michael Worrell the accountant who will be providing the services,
is a "disinterested person" as defined in Section 101(14) of the
Bankruptcy Code, according to court filings.

The firm can be reached through:

     Michael Worrell
     Worrell, Poole & Co.
     2700 Highway 280, Suite 246E
     Birmingham, AL 35223

                   About Randolph and Randolph

Randolph and Randolph LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ala. Case No. 17-72125) on Dec. 8,
2017.  In the petition signed by Harold E. Randolph, its member,
the Debtor estimated assets of less than $50,000 and liabilities of
less than $100,000.  Judge Jennifer H. Henderson presides over the
case.  Newell & Holden, LLC is the Debtor's bankruptcy counsel.


REMINGTON OUTDOOR: Said to Be Mulling Chapter 11 Filing
-------------------------------------------------------
Remington Outdoor Co. has reached out to banks and credit
investment funds in search of financing that will allow it to file
for bankruptcy, people familiar with the matter said on Thursday,
according to a Reuters report.

The sources told Reuters that Remington reached a forbearance
agreement with its creditors last week following a missed coupon
payment on its debt.

Reuters reported in January that Remington, which is controlled by
buyout firm Cerberus Capital Management, has been working with
investment bank Lazard on options to restructure its $950 million
debt pile.

Remington disclosed in its quarterly report for the quarterly
period ended Oct. 1, 2017, that as of that date, the Company had
outstanding indebtedness of approximately $964.5 million, which
consisted of:

     * $250.0 million of outstanding 2020 Notes;
     * $550.7 million outstanding under our Term Loan B;
     * $150.6 million outstanding under the ABL Revolver;
     * $12.5 million outstanding under the Promissory Note; and
     * $0.7 million of other debt.

The sources told Reuters that some potential financing sources,
including credit funds and banks, have balked at coming to
Remington's aid because of the reputation risk associated with such
a move.  Reuters notes that Remington was abandoned by some of
Cerberus' private equity fund investors after one of its Bushmaster
rifles was used in the Sandy Hook elementary school shooting in
Connecticut in 2012 that killed 20 children and six adults.

According to Reuters, the sources asked not to be identified
because the deliberations are confidential.  The report says
Remington did not respond to several requests for comment, and
Cerberus declined to comment.

Reuters, citing Thomson Reuters data, also reports that the Company
faces a maturity of an approximately $550 million term loan in
2019.  It also has $250 million of bonds that come due in 2020 and
are trading at a significant discount to their face value at around
16 cents on the dollar.

The sources also told Reuters that the Company's term loan maturing
next year is trading at a significant discount to full value, at
around 50 cents on the dollar.

                     About Remington Outdoor

Based in Madison, North Carolina, Remington Outdoor Company, Inc.
-- https://www.remingtonoutdoorcompany.com/ -- manufactures and
markets firearms, ammunition, and related products for commercial,
military, and law enforcement customers worldwide.  The company
operates through two segments, Firearms and Ammunition.

The company is owned by Cerberus Capital Management.

As of Oct. 1, 2017, Remington listed $954.3 million in total assets
against $1.306 billion in total liabilities and $351.9 million in
stockholders' deficit.

                           *     *     *

As reported by the Troubled Company Reporter on Dec. 25, 2017,
Moody's Investors Service downgraded Remington Outdoor Company's
Corporate Family Rating (CFR) to Caa3 from Caa2 and its Probability
of Default Rating to Caa3-PD from Caa2-PD. The rating action
reflects Moody's concern with Remington's weak operating
performance, liquidity pressure from approaching maturities, and
the view that the company's capital structure is unsustainable. The
rating outlook is negative.

Moody's said it is very concerned that Remington will be unable to
refinance debt that comes due in April 2019 given its weak
operating performance and high financial leverage.

The TCR reported on Nov. 21, 2017, that S&P Global Ratings lowered
its corporate credit rating on Remington Outdoor to 'CCC-' from
'CCC+'. The outlook is negative.

"The rating downgrade reflects heightened default risk absent an
unforeseen and favorable change to operating results over the next
six months, based on our lowered revenue and cash flow forecasts
through 2018," S&P explained.  "We believe the deterioration in
operating cash flow could result in an unsustainable reliance on
the ABL revolver, weak liquidity, and a heightened risk of a
restructuring of some form over the next six to 12 months."


RESOLUTE ENERGY: VR Global Backs Call to Appoint Financial Advisor
------------------------------------------------------------------
VR Global Partners, L.P., and its subsidiaries filed a Schedule 13D
with the Securities and Exchange Commission in support of the
proposal put forth by Monarch Alternative Capital LP as reflected
in Monarch's Schedule 13D, filed with the SEC on Jan. 26, 2018,
calling for Resolute Energy Corporation to (i) hire a reputable
financial advisor to assist the Board of Directors of the Issuer in
evaluating and executing potential strategic transactions, (ii)
appoint two individuals to the Board as independent directors and
(iii) form a committee consisting of the two new independent Board
members and one other independent Board member for the purpose of
exploring potential strategic transactions.  

VR Global believes that it is in the best interest of shareholders
for Resolute Energy to explore strategic alternatives for the
reasons outlined in the Monarch proposal (namely, the challenges
posed by the Issuer's relative lack of scale).  Therefore, the
Reporting Persons support the proposed Board structure and the
process that would facilitate a robust search for potential
partners in parallel with execution of the Issuer's current
strategy of further developing its core Permian assets.

As of Feb. 5, 2018, VR Global, VR Advisory Services Ltd., VR
Capital Participation Ltd., VR Capital Group Ltd., VR Capital
Holdings Ltd., and Richard Deitz beneficially own 1,169,239 shares
of common stock (including 186,239 shares of Common Stock issuable
upon conversion of 5,500 shares of 8 1⁄8% Series B Cumulative
Perpetual Convertible Preferred Stock) of Resolute Energy,
constituting 5.2 percent of the shares outstanding.

The Fund is an investment fund organized as a limited partnership
for which VR provides investment advisory services and serves the
general partner.  VRCP, VRCG and VRCH are each affiliates of both
the Fund and VR within the VR Capital Group, for which Richard
Deitz serves as president.

The Fund used a total of approximately $40,755,792 to acquire the
Common Stock and the 8 1⁄8% Series B Cumulative Perpetual
Convertible Preferred Stock reported in the Schedule 13D.  The
source of the funds used to acquire the shares of Common Stock and
Convertible Stock reported herein is the working capital of the
Fund.

"The Reporting Persons and their representatives may engage in
discussions with management, the Board, other stockholders of the
Issuer, and other relevant parties, including representatives of
any of the foregoing, concerning the Reporting Persons' investment
in the Common Stock and the Issuer, including, without limitation,
matters concerning the Issuer's business, operations, Board
composition and representation, governance, management,
capitalization and strategic plans, including the above mentioned
strategic transactions.  The Reporting Persons may exchange
information with any of the foregoing persons or other persons
pursuant to appropriate confidentiality or similar agreements or
otherwise, work together with any persons pursuant to joint
agreements or otherwise, propose changes in the Issuer's business,
operations, board appointments, governance, management,
capitalization or strategic plans, or propose or engage in one or
more other actions set forth under subparagraphs (a)-(j) of Item 4
of Schedule 13D.

"The Reporting Persons intend to review their investment in the
Issuer on a continuing basis.  Depending on various factors,
including, without limitation, the Issuer's financial position and
strategic direction, actions taken by management or the Board,
price levels of the Common Stock, other investment opportunities
available to the Reporting Persons, conditions in the securities
market and general economic and industry conditions, the Reporting
Persons may in the future take such actions with respect to their
investment in the Issuer as they deem appropriate, including,
without limitation, purchasing additional shares of Common Stock or
other Issuer securities or selling some or all of its shares of
Common Stock or other Issuer securities, engaging in short selling
of or any hedging or similar transactions with respect to the
Common Stock or other Issuer securities and/or otherwise changing
their intention with respect to any and all matters referred to in
Item 4 of Schedule 13D.  The Reporting Persons may, at any time and
from time to time, review or reconsider their position and/or
change their purpose and/or formulate plans or proposals with
respect to their investment in the Common Stock."

A full-text copy of the regulatory filing is available at:

                     https://is.gd/to5afJ

                    About Resolute Energy

Based in Denver, Colorado, Resolute Energy Corp. --
http://www.resoluteenergy.com/-- is an independent oil and gas
company focused on the acquisition and development of
unconventional oil and gas properties in the Delaware Basin portion
of the Permian Basin of west Texas.  The Company's common stock is
traded on the NYSE under the ticker symbol "REN."

Resolute reported a net loss of $161.7 million in 2016, a net loss
of $742.3 million in 2015 and a net loss of $21.85 million in 2014.
The Company had $792.32 million in total assets, $866.08 million
in total liabilities and a total stockholders' deficit of $73.76
million as of Sept. 30, 2017.


RH BBQ: Case Summary & 10 Unsecured Creditors
---------------------------------------------
Debtor: RH BBQ, Inc.
          dba Red Castle 3
        18311 East Colima Road, Suite A
        Rowland Heights, CA 91748

Business Description: RH BBQ, Inc. dba Red Castle 3
                      is a privately held company in Rowland
                      Heights, California that operates a
                      Korean barbecue restaurant.

Chapter 11 Petition Date: February 9, 2018

Case No.: 18-11469

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

Judge: Hon. Sandra R. Klein

Debtor's Counsel: Jaenam J Coe, Esq.
                  LAW OFFICES OF JAENAM COE, PC
                  3731 Wilshire Bl Ste 910
                  Los Angeles, CA 90010
                  Tel: 213-389-1400
                  Fax: 213-387-8778
                  E-mail: coelaw@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Young Keun Park, president.

A full-text copy of the petition, along with with a list of 10
unsecured creditors, is available for free at:

      http://bankrupt.com/misc/cacb18-11469.pdf


ROBERT DONEHEW: $950K Sale of Marietta Property Approved
--------------------------------------------------------
Judge Karen K. Specie of the U.S. Bankruptcy Court for the Northern
District of Florida authorized Robert H. Donehew's sale of real
property located at 4405 Paper Mill road, Marietta, Georgia,
Property Tax ID No. 16-1260-0-006-0, to $950,000.

A hearing on the Motion was held on Dec. 21, 2017.

No furniture is included with the sale, except for the items marked
on the Fixtures Checklist on page 17 of the Purchase and Sale
Agreement.

The Debtor will pay all closing costs and realtor commissions from
the proceeds of the sale.  He will pay all remaining proceeds to
Suntrust Mortgage, Inc. toward the mortgage referenced in Proof of
Claim #4.

Robert Holton Donehew sought Chapter 11 protection (Bankr. N.D.
Fla. Case No. 17-50121) on  March 31, 2017.  The Debtor tapped
Charles M. Wynn, Esq., at Charles M. Wynn Law Offices, P.A., as
counsel.


RUE21 INC: Seeks Funding, Hires Piper Jaffray as Investment Banker
------------------------------------------------------------------
rue21 Inc., which emerged from Chapter 11 bankruptcy in September
2017, is seeking financing after lackluster holiday sales failed to
generate the cash it had hoped for, Jessica DiNapoli, writing for
Reuters, reports, citing people familiar with the matter.

Sources told Reuters that rue21 has hired investment bank Piper
Jaffray Companies to help raise funds.  The report notes that the
size of that loan could not be learned.

The Hon. Gregory L. Taddonio of the U.S. Bankruptcy Court for the
Western District of Pennsylvania confirmed rue21's First Amended
Joint Plan of Reorganization on September 8, 2017.  The Effective
Date occurred on September 22.  rue21 closed around 400 of its
approximately 1,100 stores.

Reuters recounts that rue21 had been controlled by private equity
firm Apax Partners LLP, which had acquired it in 2013 for $1.1
billion, prior to its bankruptcy filing.  Creditors, including
hedge funds BlueMountain Capital Management LLC, Southpaw Asset
Management LP and Pentwater Capital Management LP, won control of
the company last year as part of the bankruptcy.  rue21 exited
bankruptcy with a loan backed by its assets of up to $125 million,
and a term loan of $50 million.  It managed to cut its debt by
about $700 million during the bankruptcy process.

                        About rue21

rue21 -- http://www.rue21.com/-- is a teen specialty apparel
retailer.  For over 37 years, rue21 has been famous for offering
the latest trends at an affordable price point. It has core brands
in girls' apparel (rue21), intimate apparel (true), girls'
accessories (etc!), girls' cosmetics (ruebeaute!), guys' apparel
and accessories (Carbon), girls' plus-size apparel (rue+), and
girls' swimwear (ruebleu).  The company is headquartered in
Warrendale, Pennsylvania and have one distribution center located
in Weirton, West Virginia.

Headquartered just north of Pittsburgh, Pennsylvania, rue21 had
1,179 stores in 48 states in shopping malls, outlets and strip
centers, and on its website.  In April, Company began the process
of closing approximately 400 underperforming stores in its 1,179
store fleet in order to streamline operations.

On May 15, 2017, rue21, inc., and affiliates filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Pa. Lead Case No. 17-22045).  Todd M. Lenhart, the
Company's senior vice president, treasurer, chief financial
officer, and chief accounting officer, signed the petitions.

The Debtors have sought joint administration of the Chapter 11
cases.  The Honorable Gregory L. Taddonio is the case judge.

The Debtors tapped Reed Smith LLP as local counsel; Kirkland &
Ellis LLP as bankruptcy counsel; Rothschild Inc., as investment
banker; Berkeley Research Group, LLC, as financial advisor; A&G
Realty Partners, LLC, as real estate advisor and consultant; and
Kurtzman Carson Consultants LLC as claims and notice agent.

rue21 estimated $1 billion to $10 billion in assets and
liabilities.

Counsel to the DIP Term Loan Agent, DIP Term Loan Lenders,
Prepetition Term Loan Agent and Term Loan Steering Committee are
Scott J. Greenberg, Esq., Michael J. Cohen, Esq., and Jeffrey J.
Bresch, Esq., at Jones Day.

Counsel to the DIP ABL Agent and the Prepetition ABL Agent are
Julia Frost-Davies, Esq., and Amelia C. Joiner, Esq., at Morgan
Lewis & Bockius LLP; and James D. Newell, Esq., and Timothy
Palmer,
Esq., at Buchanan Ingersoll & Rooney PC.

The Sponsor Lenders are represented by Simpson Thacher & Bartlett's
Elisha D. Graff, Esq.

An Ad Hoc Cross-Holder Group is represented by Milbank, Tweed,
Hadley & McCloy's Gerard Uzzi, Esq., and Eric Stodola, Esq.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on May 23, 2017,
appointed seven creditors to serve on the official committee of
unsecured creditors.  The Committee has tapped Cooley LLP as
counsel; and Fox Rothschild LLP as local counsel.


SAGUARO ISSUER: Moody's Puts Ser. L & K Debt Ratings Under Review
-----------------------------------------------------------------
Moody's Investors Service has placed on review for upgrade the
ratings on the following units issued by Saguaro Issuer Trust:

US$11,000,000 aggregate face amount of Principal Units, Series K,
Ba2 Placed Under Review for Possible Upgrade; previously on June
19, 2017 Upgraded to Ba2

US$34,000,000 aggregate face amount of Principal Units, Series L,
Ba2 Placed Under Review for Possible Upgrade; previously on June
19, 2017 Upgraded to Ba2

RATINGS RATIONALE

The rating actions are a result of a rating change on National
Westminster Bank PLC's Junior Subordinate rating ("Underlying
Securities"), whose Ba2(hyb) ratings were placed on review for
upgrade on January 30, 2018. The transaction is a structured note
whose ratings are based on the rating of the Underlying Securities
and the legal structure of the transaction.

Methodology Underlying the Rating Action

The principal methodology used in these ratings was "Moody's
Approach to Rating Repackaged Securities" published in June 2015.

FACTORS THAT WOULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS:

The ratings will be sensitive to any change in the Junior
Subordinate rating of National Westminster Bank PLC.


SALIENT CRGT: Moody's Revises Outlook to Stable & Affirms B3 CFR
----------------------------------------------------------------
Moody's Investors Service has changed the rating outlook of Salient
CRGT, Inc. to stable from negative and affirmed the Corporate
Family rating of B3. Concurrently, the first lien bank facility
rating has been upgraded to B2 from B3, with expectation that free
cash flow will prepay first lien term loan, reducing the senior
secured claim within the corporate family's capital structure.

RATINGS RATIONALE

The rating outlook change to stable follows revenue traction and
booking progress that Salient achieved in the second half of 2017
and that Moody's believes will continue. The outlook anticipates
low single digit percentage revenue growth across 2018-2019 with
annual EBITDA generation of around $70 million to $75 million, and
free cash flow to debt in the 3%-5% range.

The expected financial performance should permit term loan
prepayment of $20 million p.a. over the next two years. Debt
prepayment will be important for sustained headroom under the first
lien credit agreement's financial maintenance covenant thresholds.
The test thresholds step down significantly through 2019 but, as
long as operating performance holds up as expected, Salient should
be able to maintain sufficient cushion.

The B3 CFR factors in Salient's small scale, high financial
leverage, and historical emphasis on M&A-driven growth. At $500
million in revenues Salient often competes against larger companies
that possess greater resources and qualifications. Credit metrics
including the expected debt/EBITDA of mid-6x, with EBIT/interest
less than 1x are modest. Salient's growth objectives and private
equity ownership make debt-funded acquisitions probable and those
transactions could result in sustained high financial leverage.

The rating also factors in that, while small, Salient's heritage as
a custom software developer with long-standing presence at several
federal agencies-US Postal Service, Food and Drug Administration,
US Special Forces community- drives a reasonably high degree of
fixed price revenue and solid EBITDA margin. The skill set should
remain in demand as agencies modernize networks, expand data
analytic capabilities and invest for cyber security.

Upgrades:

Issuer: Salient CRGT, Inc.

-- Senior Secured Bank Credit Facility, Upgraded to B2 (LGD3)
    from B3 (LGD3)

Outlook Actions:

Issuer: Salient CRGT, Inc.

-- Outlook, Changed To Stable From Negative

Affirmations:

Issuer: Salient CRGT, Inc.

-- Probability of Default Rating, Affirmed B3-PD

-- Corporate Family Rating, Affirmed B3

Upward rating momentum would depend on revenue and backlog growth,
debt/EBITDA closer to 5x with free cash flow to debt in the high
single digit percentage rating. Expectation of meaningful headroom
under covenant tests would also likely accompany an upgrade.

Downward rating pressure would mount with debt/EBITDA above 7x,
significant revenue or backlog decline, or weaker liquidity.

Salient CRGT, headquartered in Fairfax, Virginia, is a provider of
custom software development, data analytics, and other technology
services to US government agencies. Salient CRGT is a portfolio
company of Bridge Growth Partners and Frontenac Company (equally
split ownership). Annual revenues are approximately $500 million.

The principal methodology used in these ratings was Global
Aerospace and Defense Industry published in April 2014.


SAVERS INC: Bank Debt Trades at 4.22% Off
-----------------------------------------
Participations in a syndicated loan under which Savers Inc (fka TVI
Inc) is a borrower traded in the secondary market at 95.78
cents-on-the-dollar during the week ended Friday, February 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.45 percentage points from the
previous week. Savers Inc (fka TVI Inc) pays 375 basis points above
LIBOR to borrow under the $715 million facility. The bank loan
matures on October 2, 2019. Moody's rates the loan 'B3' and
Standard & Poor's gave a 'CCC' rating to the loan. 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 Friday, February 2.


SCHROEDER BROTHERS: U.S. Trustee Wants Plan Disclosures Amended
---------------------------------------------------------------
United States Trustee Patrick S. Layng objects to Schroeder
Brothers Farms of Camp Douglas LLP's disclosure statement dated
Dec. 30, 2017 because it does not provide adequate information.

The U.S. Trustee asserts that the Disclosure Statement should be
amended and should include, among other things, these additional
bits of information:

   * The Debtor has incurred substantial losses while this case has
been pending. The profit and loss statement included in Debtor’s
most recent operating report, for November 2017, states that the
Debtor had a net loss during the first 11 months of 2017 of
$191,004.49.

   * Since this case was filed, the Debtor has not had sufficient
cash flow to pay its current expenses. Debtor's most recent
operating report includes a summary of Debtor's accounts payable,
which states that Debtor has incurred over $167,000 of unsecured,
post-petition liabilities since this case was filed (not including
professional fees), and a bank statement which shows that the
Debtor has less than $6,000 of cash on hand.

   * Debtor's milk production is not increasing, and will not reach
$120,000 per month, as suggested in Article IV of the Disclosure
Statement. Debtor's operating report for November 2017 states that
the Debtor had average milk sales during the first 11 months of
2017 of approximately $70,000 per month, but that Debtor's milk
sales during November 2017 were only $46,659.

The U.S. Trustee requests that the Court deny approval of Debtor's
Disclosure Statement unless it is revised to include said
information.

A copy of the U.S. Trustee's Objection is available at:

     http://bankrupt.com/misc/wiwb1-16-13719-138.pdf

Attorney for United States Trustee:

     Thomas P. Walz
     Office of the United States Trustee
     780 Regent St., Suite 304
     Madison, WI 53715
     (608) 264-5522, ext. 5643

                     About Schroeder Brothers

Schroeder Brothers Farm of Camp Douglas LLP sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. W. D. Wis. Case No.
16-13719) on November 2, 2016.  The petition was signed by Rocky
Schroeder, authorized representative.  

The case is assigned to Judge Catherine J. Furay.  The Debtor is
represented by Pittman & Pittman Law Offices, LLC.

At the time of the filing, the Debtor estimated its assets at $500
million to $1 billion and debts at $1 million to $10 million.

On December 7, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


SEADRILL LTD: Bank Debt Trades at 12% Off
-----------------------------------------
Participations in a syndicated loan under which Seadrill Ltd is a
borrower traded in the secondary market at 88.00
cents-on-the-dollar during the week ended Friday, February 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 4.27 percentage points from the
previous week. Seadrill pays 300 basis points above LIBOR to borrow
under the $1.1 billion facility.  The bank loan matures on February
21, 2021. Moody's rates the loan 'Caa2' and Standard & Poor's gave
a 'CCC+' rating to the loan. 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 Friday, February
2.


SENIOR OAKS: Hires David L. Lord as Attorney
--------------------------------------------
Senior Oaks, LLC, seeks authority from the U.S. Bankruptcy Court
for the Southern District of Mississippi to employ David L. Lord
and Associates, P.A., as attorney to the Debtor.

Senior Oaks requires David L. Lord to:

   a. advise the Debtor as to her rights, duties, and powers as a
      Debtor in Possession;

   b. prepare and file the statements, schedules, plans, and
      other documents and pleadings necessary to be filed by the
      Debtor in the bankruptcy case, specifically excluding
      adversary documents and pleadings, and to prepare and
      negotiate one or more plans of reorganization for the
      Debtor;

   c. represent the Debtor at all hearings, meeting of creditors,
      conferences, trials, and other proceedings in this case,
      specifically excluding adversary proceedings; and

   d. perform such other legal services as may be necessary in
      connection with the bankruptcy case, specifically excluding
      adversary proceedings.

David L. Lord will be paid at these hourly rates:

         Attorneys               $275
         Paralegals               $85

David L. Lord will be paid a retainer in the amount of $10,000.

David L. Lord will also be reimbursed for reasonable out-of-pocket
expenses incurred.

David L. Lord, partner of David L. Lord and Associates, P.A.,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

David L. Lord can be reached at:

     David L. Lord, Esq.
     DAVID L. LORD AND ASSOCIATES, P.A.
     1819 24th Avenue
     Gulfport, MS 39501
     Tel: (228) 868-5667
     Fax: (228) 868-2554
     E-mail: lordlawfirm@bellsouth.net

                       About Senior Oaks

Senior Oaks, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Miss. Case No. 17-52141) on Oct. 30, 2017.  In the
petition signed by its owner, Brenda Lee Chapman, the Debtor
estimated $100,000 to $500,000 in both assets and liabilities.  The
Debtor is represented by David L. Lord, Esq., at David L. Lord and
Associates, P.A., in Gulfport, Mississippi.



SERTA SIMMONS: Bank Debt Trades at 6.25% Off
--------------------------------------------
Participations in a syndicated loan under which Serta Simmons
Bedding LLC is a borrower traded in the secondary market at 93.75
cents-on-the-dollar during the week ended Friday, February 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 2.11 percentage points from the
previous week. Serta Simmons pays 800 basis points above LIBOR to
borrow under the $450 million facility.  The bank loan matures on
November 8, 2024. Moody's rates the loan 'Caa1' and Standard &
Poor's gave a 'CCC+' rating to the loan. 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
Friday, February 2.


SERVICE WELDING: Disclosures Okayed; April 17 Plan Hearing
----------------------------------------------------------
Judge Alan C. Stout of the U.S. Bankruptcy Court for the Western
District of Kentucky approved Service Welding & Machine Company,
LLC's disclosure statement to accompany its amended plan of
reorganization.

The confirmation hearing will be held on April 17, 2018 at 9:00
a.m. (Eastern Time) in Courtroom #3, Fifth Floor, Gene Snyder U.S.
Courthouse, 601 West Broadway, Louisville, Kentucky.

Any objections to confirmation of the Debtor's Plan must be filed
with the Court on or before April 10, 2018.

This Plan provides for three class of secured claims; one class of
priority unsecured claims; four classes of unsecured claims; and
one class of equity security holders. Unsecured creditors holding
allowed claims will receive distributions, which the proponent of
this Plan has valued at approximately 2.5 cents to 4 cents on the
dollar, depending on the total claims allowed. This Plan also
provides for the payment of administrative and priority claims in
full over time as provided in the Plan.

Members of Class 3.a. will receive their pro-rata share of monthly
payments, to be distributed in full satisfaction of their claims.
Commencing on the first month following the payment of all
administrative expenses and Class 1 claims, the Debtor will make
monthly payments of $4,000.00 to Class 3.a., provided however that
the total amount paid in any month to Class 1 claims, Class 3.a.
claims, and administrative expense claims shall not exceed
$4,000.00. To the extent the amount due to Class 3.a. claims, Class
1, plus the administrative expense claims exceeds $4,000.00, Class
3.a. shall forfeit such amount. Such payments shall terminate sixty
(60) months following the Effective Date of the Plan. Members of
Class 3.a. are impaired.

Payments and distributions under the Plan will be funded by the
future revenues of the Debtor.

A full-text copy of the First Amended Plan dated Jan. 29, 2018, is
available at:

      http://bankrupt.com/misc/kywb17-30485-151.pdf

          About Service Welding & Machine Company

Service Welding & Machine Company, LLC, based in Louisville,
Kentucky, sells and installs single and double wall storage tanks
for a variety of industries including petroleum, chemical,
distillery, potable water, industrial, and food/agriculture.
Service Tanks was established in 1928 and was primarily
manufacturing storage tanks and doing repair work.  In 2013, the
owners sold the business to Jeff Androla, president, and two other
investors.

Service Welding & Machine Company filed a Chapter 11 petition
(Bankr. W.D. Ky. Case No. 17-30485) on Feb. 17, 2017.  The Hon.
Joan A. Lloyd presides over the case.  The Debtor disclosed
$516,432 in assets and $2.12 million in liabilities.  The petition
was signed by Jeff Androla, president.  Charity B. Neukomm, Esq.,
at Kaplan & Partners LLP, serves as bankruptcy counsel to the
Debtor.


SHERIDAN INVESTMENT I: $741MM Bank Debt Trades at 15.50% Off
------------------------------------------------------------
Participations in a syndicated loan under which Sheridan Investment
Partners I LLC is a borrower traded in the secondary market at
84.50 cents-on-the-dollar during the week ended Friday, February 2,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents an increase of 2.01 percentage points from
the previous week. Sheridan Investment I pays 350 basis points
above LIBOR to borrow under the $741 million facility.  The bank
loan matures on October 1, 2019. Moody's rates the loan 'Caa3' and
Standard & Poor's gave a 'B' rating to the loan. 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 Friday, February 2.


SHERIDAN PRODUCTION I-A: $98MM Bank Debt Trades at 15.50% Off
-------------------------------------------------------------
Participations in a syndicated loan under which Sheridan Production
Partners I-A LP is a borrower traded in the secondary market at
84.50 cents-on-the-dollar during the week ended Friday, February 2,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents an increase of 2.01 percentage points from
the previous week. Sheridan Production I-A pays 350 basis points
above LIBOR to borrow under the $98 million facility.  The bank
loan matures on October 1, 2019. Moody's rates the loan 'Caa3' and
Standard & Poor's gave a 'B' rating to the loan. 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 Friday, February 2.


SHERIDAN PRODUCTION I-M: $60MM Bank Debt Trades at 15.50% Off
-------------------------------------------------------------
Participations in a syndicated loan under which Sheridan Production
Partners I-M LP is a borrower traded in the secondary market at
84.50 cents-on-the-dollar during the week ended Friday, February 2,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents an increase of 2.01 percentage points from
the previous week. Sheridan Production I-M pays 350 basis points
above LIBOR to borrow under the $60 million facility.  The bank
loan matures on October 1, 2019. Moody's rates the loan 'Caa3' and
Standard & Poor's gave a 'B' rating to the loan. 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 Friday, February 2.


SHIRLICK CORP: Hires Roach & Leite as General Counsel
-----------------------------------------------------
Shirlick Corp of PA seeks authority from the U.S. Bankruptcy Court
for the Eastern District of Pennsylvania to employ Roach & Leite,
LLC, as general counsel to the Debtor.

Shirlick Corp requires Roach & Leite to:

   a. provide the Debtor with legal advice respecting to its
      powers and duties;

   b. assist in the preparation of any legal papers for the
      Debtor;

   c. perform all other legal services for the Debtor which may
      be necessary for its restructuring and emergence from
      Chapter 11.

Roach & Leite will be paid at these hourly rates:

         Attorneys           $175 to $250
         Paralegals              $100

Roach & Leite will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Robert Leite-Young, a partner at Roach & Leite, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Roach & Leite can be reached at:

     Robert Leite-Young, Esq.
     ROACH & LEITE, LLC
     6950 Castor Avenue
     Philadelphia, PA 19149
     Tel: (267) 343-5818
     E-mail: Rleite@rlmfirm.com

                 About Shirlick Corp of PA

Shirlick Corp of PA filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Pa. Case No. 17-16744) on Oct. 2, 2017, estimating under $1
million in both assets and liabilities.  The Debtor is represented
by Roach & Leite, LLC.



SOUTHERN INDUSTRIAL: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Southern Industrial Mechanical Maintenance Company, LLC
           dba SIMMCO
           dba SIMMCO LLC       
        PO Box 545
        Brownsville, TN 38012

Business Description: SIMMCO, a division of the Blurton Group, is
                      a construction maintenance & fabrication
                      company based in Brownsville, Tennessee.
                      SIMMCO offers pipe fabrication, industrial
                      construction, facility maintenance, vessel
                      fabrication, rigging and heavy hauling, as
                      well as flushing & filtration services.  The
                      Company was founded in 1977.  

                      http://www.simmco.net/

Chapter 11 Petition Date: February 9, 2018

Case No.: 18-10261

Court: United States Bankruptcy Court
       Western District of Tennessee (Jackson)

Judge: Hon. Jimmy L Croom

Debtor's Counsel: Gene Humphreys, Esq.
                  BASS, BERRY & SIMS, PLC
                  150 Third Avenue, S., Suite 2800
                  Nashville, TN 37201
                  Tel: 615-742-7757
                  E-mail: ghumphreys@bassberry.com

                    - and -

                  Paul G. Jennings, Esq.
                  BASS, BERRY & SIMS PLC
                  150 Third Avenue S., Suite 2800
                  Nashville, TN 37201
                  Tel: 615-742-6267
                  E-mail: pjennings@bassberry.com

                    - and -

                  Glenn B. Rose, Esq.
                  BASS, BERRY & SIMS PLC
                  150 Third Avenue South, Suite 2800
                  Nashville, TN 37201
                  Tel: 615-742-6273
                  Fax: 615-742-0464
                  E-mail: grose@bassberry.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by David R. Blurton, president and chief
executive officer.

A full-text copy of the petition is available for free at:

              http://bankrupt.com/misc/tnwb18-10261.pdf

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
Aggreko                                                    $97,902

Andrew Myers PC                                            $20,878

Apache Industrial Services                                $158,701

Applied Technical Services                                 $19,908

Bank of America                                            $51,273

Ewing Tool                                                 $31,275

Falk LLC                                                   $43,809

Gulf Coast Marine                                          $36,126

H & E Equipment                                            $96,341

Horne LLP                                                 $194,114

Infinity Construction Services                             $20,229

International Rivers Inc.                               $1,071,000
600 E 2nd Street
Salem, OH 44460

Keith Inc.                                                 $50,191

MRC Global Inc                                            $413,983
PO Box 204392
Dallas, TX
75320-4392

NES Rentals                                               $406,138
PO Box 205572
Dallas, TX
75320-5572

Nudraulix                                                  $17,207

Pipe Spool Services LLC                                    $60,112

Sunbelt Rentals                                            $73,414

Universal Limited Inc                                   $1,587,486
PO Box 610097
Birmingham, AL 35261

Water and                                                  $21,250
Wastewater Services


SOUTHWORTH CO: Feb. 15 Hearing on Auction of Washington Assets Set
------------------------------------------------------------------
Judge Elizabeth D. Katz of the U.S. Bankruptcy Court for the
District of Massachusetts will convene a hearing on Feb. 15, 2018
at 11:00 a.m. to consider Southworth Co.'s proposed sale of all
inventory, equipment and other personal property located at
Northwest Corporate Park, Building B, 60l3 - 6th Avenue, South,
Seattle, Washington, at auction.

The Debtor is ordered to provide a copy of the Motion and the
Notice of the intended public sale to the U.S. Trustee, any
creditor claiming an interest in the property and their counsel,
and the counsel to the creditors' committee.

The Debtor is further ordered to file a certificate of said service
on Feb. 6, 2018 at 4:30 p.m.

                    About Southworth Company

Southworth Company is a privately owned Massachusetts Corporation
organized in 1839 and headquartered in Agawam, Massachusetts.  In
2006, Southworth acquired the Esleeck Paper Company in Turners
Falls where it operates as Turners Falls Paper Company.  The
Madison Park Group, a greeting card and gift company based in
Seattle, Washington, was acquired in 2012 and operates as a
division of Southworth.

Southworth has recently employed approximately 100 employees and
has been engaged in the manufacture of specialty papers for baking
and health care applications, envelopes and office paper, as well
as greeting cards and gifts.

Southworth Company filed a Chapter 11 petition (Bankr. D. Mass.
Case No. 17-30817) on Sept. 27, 2017.  In the petition signed by
John S. Leness, its president, the Debtor estimated $1 million to
$10 million in assets and $10 million to $50 million in
liabilities.

Judge Elizabeth D. Katz presides over the case.

Joseph B. Collins, Esq., at Hendel & Collins P.C., in Springfield,
Massachusetts, serves as counsel to the Debtor.  The Debtor hired
Doherty, Wallace, Pillsbury & Murphy P.C. as its special counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors.  The committee hired Shatz, Schwartz and
Fentin, P.C., as its bankruptcy counsel.


SPANISH ISLES: Creditor Trustee Hires Wargo as Counsel
------------------------------------------------------
Margaret J. Smith, the Creditor Trustee of Spanish Isles Property
Owners' Association, Inc., seeks authority from the U.S. Bankruptcy
Court for the Southern District of Florida to employ Wargo &
French, LLP, as counsel to the Creditor Trustee.

The Creditor Trustee requires Wargo to:

   a. advise and assist the Creditor Trustee in securing her
      rights and perform her duties under the Creditor Trust
      Agreement and the Confirmation Order;

   b. advise and consult with the Creditor Trustee concerning
      various legal, financial and operational issues arising in
      the administration of the Creditor Trust;

   c. advise and consult with the Trustee concerning the Creditor
      Trust beneficiaries' rights and remedies with regard to the
      assets of the Creditors Trust;

   d. investigate, prosecute, defend and represent the Creditor
      Trustee's interests in actions arising from or related to
      the Creditor Trust assets, or in the recovery of potential
      assets of the Creditor Trust;

   e. assist in the preparation of such pleadings, motions,
      notices and orders as are required for the orderly
      administration of the rights of the Creditor Trust,
      Creditor Trustee, and the Creditor Trust beneficiaries;

   f. enforce and collect any judgment or settlements, holding
      title to the Creditor Trust assets for the benefit of the
      Creditor Trust beneficiaries and the preservation and
      protection of the same in accordance with the Confirmation
      Order and Creditor Trust Agreement;

   g. assist the Trustee in creating reserves and make
      distributions to the Creditor Trust beneficiaries based on
      their respective entitlement to receive distributions;

   h. assist the Creditor Trustee in managing and administering
      the affairs of the Creditor Trust, enter into and execute
      agreements, paying fees and expenses in connection with the
      Creditor Trust, and maximize value of the Creditor Trust
      assets;

   i. provide advice to the Creditor Trustee with respect to
      disputes with homeowners over the collection of
      assessments; and

   j. perform such other services and take all other actions
      necessary to carry out the duties imposed on the Creditor
      Trustee in the Creditor Trust Agreement and as are in the
      best interest of the Creditor Trustee and the trust
      beneficiaries.

Wargo will be paid at these hourly rates:

     Partners            $410 to $700
     Associates          $240 to $400
     Paralegals          $100 to $250

Wargo will also be reimbursed for reasonable out-of-pocket expenses
incurred.

Kristopher E. Aungst, a partner at Wargo & French, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Wargo can be reached at:

     Kristopher E. Aungst, Esq.
     WARGO & FRENCH, LLP
     201 S. Biscayne Blvd., Suite 1000
     Miami, FL 33131
     Tel: (305) 777-6000
     Fax: (305) 777-6001
     E-mail: mfoster@wargofrench.com

                About Spanish Isles Property Owners'
                         Association, Inc.

Spanish Isles Property Owners Association, Inc., filed a Chapter 11
bankruptcy petition (Bankr. S.D. Fla. Case No. 14-34444) on Nov. 2,
2014, estimating assets and liabilities of less than $1 million.
The Debtor was represented by Brett A Elam, Esq.

Judge Erik P. Kimball presides over the case.  

Margaret J. Smith was appointed as Chapter 11 trustee in the
Debtor's case.  Kristopher E. Aungst, Esq., at Tripp Scott, P.A.,
is the Trustee's counsel.

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

                          *     *     *

On Oct. 27, 2017, the Trustee filed the Amended Chapter 11 Plan of
Reorganization.

On Dec. 1, 2017, the Court entered an order confirming the Plan,
which confirmation order authorized the appointment of Margaret J.
Smith as the Creditor Trustee of the Creditor Trust Agreement.


SPORTS ZONE: $900K Sale of All Assets to New Legacy Approved
------------------------------------------------------------
Judge Thomas J. Catliota of the U.S. Bankruptcy Court for the
District of Maryland authorized Sports Zone, Inc. and its
debtor-affiliates to sell substantially all their assets to New
Legacy 900, Inc., for $900,000.

A hearing on the Motion was held on Jan. 30, 2018.

The sale is free and clear of all obligations, liabilities and
Encumbrances.

The Asset Purchase Agreement, including any amendments, supplements
and modifications thereto, and all of the terms and conditions
therein, is approved.

The Debtors are authorized and directed in accordance with sections
105(a), 363 and 365 of the Bankruptcy Code to (a) assume and assign
to the Purchaser, effective upon the Closing of the Sale
Transaction, the Designated Contracts free and clear of all
Encumbrances of any kind or nature whatsoever and (b) execute and
deliver to the Purchaser such documents or other instruments as may
be necessary to assign and transfer the Designated Contracts to the
Purchaser.

All defaults or other obligations of the Debtors under the
Designated Contracts arising or accruing prior to the date of the
Order will be cured by the Purchaser pursuant to the schedule of
payments described in (a) the Asset Purchase Agreement, or (b) any,
stipulations, agreements, or side letters entered into between a
landlord, the Debtors, and the Purchaser, and the Purchaser will
have no liability or obligation arising or accruing prior to the
Closing, except as otherwise expressly provided in the Asset
Purchase Agreement or the Side Letter.  The Purchaser may elect to
take an assignment of certain contracts and leases previously
omitted from the Asset Purchase Agreement after the Closing and
prior to the conversion or dismissal of their chapter 11 cases.

The counterparties will have 15 Business Days to object to the Cure
Amount or the assumption.  If the counterparties, the Debtors and
the Purchaser are unable to reach a consensual resolution with
respect to an objection to the Cure Amount or assumption of a
Previously Omitted Contract, the Debtors will seek an expedited
hearing before Bankruptcy Court to determine the Cure Costs and
approve the assumption.  If there is no objection, then the Debtors
will obtain an order of this Court fixing the Cure Amount and
approving the assumption of the Previously Omitted Contract.

With respect to DC USA Operating Co., LLC, in addition to making
the cure payments of $75,767 pursuant to the schedule described in
the Sale Motion, the Purchaser will provide a security deposit to
DC USA equal to one months' rent, at or promptly after Closing.

In full satisfaction of the Debtors' obligation pursuant to 11
U.S.C. Section 366(b) to provide adequate assurance of payment to
Potomac Electric Power Co. ("PEPCO"), the Debtors will pay their
best good-faith estimate of all accrued but unpaid post-petition
charges due to PEPCO, up to and including the Closing date, at
Closing.  The Debtors and PEPCO will then true-up any difference
between actual and estimated consumption within 20 days of Debtors'
receipt of PEPCO's final bill.  The Debtors stipulate that they
instruct PEPCO to final bill and close their accounts on the
Closing date.  The Purchaser is responsible for opening PEPCO
accounts for all relevant properties as of the Closing date and
will be responsible for PEPCO's bills from that date forward.

To the extent applicable, the automatic stay pursuant to section
362 of the Bankruptcy Code is lifted with respect to the Debtors to
the extent necessary, without further order of the Court (a) to
allow the Purchaser to give the Debtors any notice provided for in
the Asset Purchase Agreement, and (b) to allow the Purchaser to
take any and all actions permitted by the Asset Purchase
Agreement.

There are no brokers involved in consummating the Sale Transaction
and no brokers' commissions are due.

Notwithstanding anything to the contrary contained herein, the
purchase by the Purchaser of the Acquired Assets is subject to the
Assumed Liabilities, and the Purchaser will remain liable for the
Assumed Liabilities, all as set forth in the Asset Purchase
Agreement.

The Order will be effective immediately upon entry, and any stay of
orders provided for in Bankruptcy Rules 6004 or 6006 or any other
provision of the Bankruptcy Code or Bankruptcy Rules is expressly
lifted.  The Debtors are not subject to any stay in the
implementation, enforcement or realization of the relief granted in
the Order, and except as directed by the Court in the Order, may in
their discretion and without further delay take any action and
perform any act authorized under the Order.

                      About The Sports Zone

The Sports Zone, Inc., doing business Sports Zone and Sports Zone
Elite -- https://sportszoneelite.com -- operates retail stores in
Washington, Maryland, and Virginia selling footwear, apparel and
accessories.  Based in Beltsville, Maryland, the company offers
brands like Adidas, New Balance, and The North Face.  The company
is 100% owned by Michael Syag.

Sports Zone, Inc., sought Chapter 11 protection (Bankr. D. Md. Case
No. 17-26758) on Dec. 15, 2017.  In the petition signed by CEO
Michael Dahan, the Debtor estimated assets of $500,000 to $1
million and debt of $1 million to $10 million.  

On Dec. 21, 2017, its subsidiaries, The Zone 220, LLC; Sports Zone
of Hechinger, LLC; The Zone 450, LLC; The Zone 600, LLC; The Zone
620, LLC; Zone of DC USA, LLC; The Zone 700, LLC; The Zone 870,
LLC; and The Zone 999, LLC, each filed a voluntary petition for
bankruptcy relief and protection under chapter 11 of the Bankruptcy
Code.  Each of the Subsidiary Debtors is 100% of owned by The
Sports Zone.

The Debtors have sought joint administration of the Chapter 11
cases.  Judge Thomas J. Catliota is the case judge.

The Debtors tapped Justin Philip Fasano, Esq., and Janet M. Nesse,
Esq., at McNamee Hosea, as counsel.


STEINWAY MUSICAL: Moody's Rates New $235MM 1st Lien Sr. Loan B3
---------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Steinway Musical
Instruments, Inc.'s $235 million 1st lien senior secured term loan.
Steinway's B3 Corporate Family Rating ("CFR") and B3-PD Probability
of Default Rating remain unchanged. The proceeds, along with
borrowings under the proposed upsized ABL credit facility, will be
used to repay the existing 1st lien senior secured term loan, add
balance sheet cash, and pay fees and expenses associated with the
transaction. Moody's expects to withdraw the B3 rating on the
existing term loan upon closing of the transaction. The rating
outlook is stable.

Moody's believes the refinancing is credit positive as it will
improve Steinway's debt maturity profile, while also providing
greater flexibility and headroom under financial covenants.

Ratings assigned:

Steinway Musical Instruments, Inc.

$235 million proposed first lien senior secured term loan due 2025
at B3 (LGD 4)

Ratings Unchanged:

Steinway Musical Instruments, Inc.

Corporate Family Rating at B3

Probability of Default Rating at B3-PD

The rating outlook is stable

Ratings expected to be withdrawn upon transaction close:

Steinway Musical Instruments, Inc.

$305 million first lien senior secured term loan due 2019 at B3
(LGD 4)

RATINGS RATIONALE

Steinway's B3 CFR reflects the company's modest scale, moderately
high financial leverage at about 5.5x, and narrow product focus.
The rating also reflects the high discretionary nature and high
price points of its flagship product (Steinway grand piano), as
well as the event risks and aggressive financial policies
associated with being owned by a hedge fund. The rating is
supported by Steinway's strong brand recognition and high product
quality, geographic diversification, and breadth of product
offerings in musical instruments.

The stable rating outlook reflects Moody's expectation that the
company will remain relatively small, exposed to cyclical demand,
and with moderately high financial leverage.

Moody's could downgrade the ratings if liquidity deteriorates,
operating performance weakens or if the company pursues a material
debt financed acquisition or shareholder distribution.

The ratings could be upgraded if Steinway maintains stable
operating performance and positive free cash flow, achieves greater
scale and product diversification, and sustains debt to EBITDA
below 4.5x.

The principal methodology used in this rating was Consumer Durables
Industry published in April 2017.

Steinway Musical Instruments, Inc., headquartered in New York, New
York, is one of the world's leading manufacturers of musical
instruments. The company's products include Steinway & Sons, Boston
and Essex pianos, Selmer Paris saxophones, Bach Stradivarius
trumpets, C.G. Conn French horns, King trombones, and Ludwig snare
drums. The company is owned by Paulson & Co., Inc. through its
Pianissimo Acquisition Corp. subsidiary. Annual revenues are
approximately $400 million.


STEINWAY MUSICAL: S&P Raises CCR to 'B' on Expected Refinancing
---------------------------------------------------------------
S&P Global Ratings said it raised its long-term corporate credit
rating on U.S.-based Steinway Musical Instruments Inc. to 'B' from
'B-'. The outlook is stable. S&P said, "We are also assigning a 'B'
issue-level rating and a '3' recovery rating, indicating our
expectations for meaningful (50%-70%; rounded estimate: 55%)
recovery in the event of payment default, to the company's proposed
$225 million first-lien term loan, which will mature in 2025. We
estimate the company will have reported debt of roughly $277
million at the close of the transaction."

The upgrade reflects the expected closing of a leverage-neutral
refinancing of the company's entire capital structure and
expectations for continued strong performance over the next year.
The company expects to refinance its $75 million asset-backed loan
(ABL) and $305 million term loan, both due in 2019, with the
closing of a new $110 million ABL maturing in 2023 and $225 million
term loan maturing in 2025. The proposed transaction will remove
the near-term refinancing risk. The new term loan is expected to be
covenant light while the ABL will carry a minimum fixed charge
coverage ratio covenant, which will spring if availability falls
below 15%. The upgrade also reflects continued expected strong
sales within the Piano segment and recently implemented process
improvements within the Eastlake, Ohio band instrument plant. In
the beginning of 2017, the company implemented a new strategy
within its piano segment, which targeted a move away from
traditional print and media advertising in favor of additional
showrooms in key global locations to display its piano offerings.
The company also introduced a new self-playing concert piano, the
Spirio, which thus far has resonated well with customers. The
combination of the new showrooms and introduction of the higher
margin Spirio has resulted in strong sales growth across key
geographies in the second half of fiscal year ended Dec. 31, 2017,
notably Europe and Asia. Furthermore, the company has recently
implemented a visual inventory management system within its
Eastlake, Ohio musical instruments plant, which should help
alleviate bottlenecks thereby increasing fixed-cost absorption and
overall plant efficiency. Because of these improvements, S&P
expects the company to reduce debt to EBITDA to roughly 5.0x at
fiscal year-end 2018, while generating roughly $37 million of free
operating cash flow

S&P said, "The stable outlook reflects our view that the company
will sustain recent operational improvements including better
efficiency within the Eastlake, Ohio facility, and our expectation
that the company will sustain mid-single-digit sales growth, driven
by continued strong sales of its Spirio piano and recently opened
showrooms in key geographic locations.

"We could lower the rating if debt to EBITDA were to be sustained
over 6.5x. This could result from a 400 basis-point decrease in
gross margins, coming for example, from a significant disruption at
one of Steinway's key plants and resulting in lower fixed-cost
absorption or a sudden decline in piano sales as the result of
weaker economic trends. It could also result from a change in
financial policy such as a large debt-financed dividend.

"While unlikely over the next 12 months, we could raise the rating
if debt to EBITDA were to fall meaningfully below 5x with a firm
commitment to a financial policy aimed at maintaining leverage
below 5x."


STOP ALARMS: Trustee's Sale of All Assets for $450K Okayed
----------------------------------------------------------
Judge James R. Sacca of the U.S. Bankruptcy Court for the Northern
District of Georgia authorized Michael E. Collins, the Chapter 11
Trustee of Stop Alarms Holdings, Inc. and Stop Alarms, Inc.
("SAI"), to sell substantially all operating assets of SAI to Frase
Protection, Inc., for approximately $450,000.   The sale is free
and clear of liens.  The 14-day stay established by Federal Rule of
Bankruptcy Procedure 6004(h) is waived.

                         About Stop Alarms

Headquartered in Memphis, Tennessee, Stop Alarms --
http://www.stopalarmsystems.com/-- is a security company providing
security solutions for every aspect of security and life safety
across the residential and commercial marketplace.  It provides
home security and automation via an Alarm.com enabled iPhone, iPad,
Android, and other mobile apps.

Stop Alarms Holdings, Inc. and affiliate Stop Alarms, Inc., filed
for Chapter 11 bankruptcy protection (Bankr. N.D. Ga. Lead Case No.
17-57661) on April 28, 2017. The cases are jointly administered.

In the petitions signed by Patrick Massey, president, Stop Alarms
Holdings estimated assets of less than $500,000 and liabilities of
$1 million to $10 million, and SAI estimated assets of less than $1
million and liabilities of $1 million to $10 million.

David L. Bury, Jr., Esq., at Stone & Baxter, LLP, serves as the
Debtors' bankruptcy counsel.  Alexander Thompson Arnold PLLC is the
Debtors' public accountants.

An official committee of unsecured creditors has not been appointed
in the Chapter 11 cases.


STRIDE ACADEMY: S&P Alters Outlook to Stable & Affirms CCC- Rating
------------------------------------------------------------------
S&P Global Ratings revised its outlook to stable from negative and
affirmed its 'CCC-' long-term rating on St. Cloud, Minn.'s series
2016A and series 2016B lease revenue bonds, issued for STRIDE
Academy (Stride or the academy).

"The revised outlook reflects our view of the increased potential
that a five-year authorization may be granted from a new
authorizer, pending state approval," said S&P Global Ratings credit
analyst Kaiti Wang. "The affirmation of the rating at the 'CCC-'
level reflects our expectation that Stride will continue to face
severe operational pressure for the remainder of this fiscal year
with draws on its cash reserves in order to meet its debt
obligations," Ms. Wang added.

S&P anticipates fiscal 2018 results to be in violation of financial
covenants as well following violations in fiscal 2017.

The academy commenced operations in fall 2005. It served
kindergarten through eighth grade (K-8) in one facility in St.
Cloud, Minn. It had 705 students in fall 2016, and enrollment was
down to 680 students at the end of the school year. About 300
students are enrolled in K-6 for fiscal 2018.


STRUCTURED ADJUSTABLE 2004-19: Moody's Lowers 3 Tranches to B3
--------------------------------------------------------------
Moody's Investors Service has downgraded the ratings of three
bonds, and confirmed the rating of one bond from Structured
Adjustable Rate Mortgage Loan Trust 2004-19. The action includes
the resolution of the review of Class BX, an interest-only (IO)
bond that was among those placed on review on 29 August 2017 in
connection with a reassessment of Moody's internal linkage of
certain IO bonds to their reference bond(s) or pool(s).

Complete rating actions are:

Issuer: Structured Adjustable Rate Mortgage Loan Trust 2004-19

Cl. 1-A1, Downgraded to B3 (sf); previously on Jun 28, 2017
Downgraded to Ba3 (sf)

Cl. 1-A2, Downgraded to B3 (sf); previously on Jun 28, 2017
Downgraded to Ba3 (sf)

Cl. 1-A2X, Downgraded to B3 (sf); previously on Jun 28, 2017
Downgraded to Ba3 (sf)

Cl. BX, Confirmed at C (sf); previously on Aug 29, 2017 C (sf)
Placed Under Review for Possible Upgrade

RATINGS RATIONALE

The rating actions reflect the recent performance of the underlying
pools and Moody's updated loss expectation on the pools. The rating
downgrades are due to the erosion of enhancement available to the
bonds.

The action resolves the review of Class BX, an IO bond which was
among those placed on review for a reassessment of the IO bond
linkages captured in Moody's internal database, prompted by the
identification of errors in that database. The factors that Moody's
considers in rating an IO bond depend on the type of referenced
securities or assets to which the IO bond is linked.

For the Class BX bond, the linkage was incorrect and has been
updated. Additionally, Class BX is an IO PO, a bond with both an IO
component and a principal-only (PO) component. Moody's determines
the ratings of IO PO bonds such as this using a weighted average of
the ratings of the two components. The balance of the PO component
of Class BX is zero; as a result, the rating of this bond reflects
the rating of the IO component only. The rating confirmation on
Class BX reflects the updated linkage as well as the performance of
the underlying collateral and bonds.

The principal methodology used in rating Classes 1-A1 and 1-A2 was
"US RMBS Surveillance Methodology" published in January 2017. The
methodologies used in rating Classes 1-A2X and BX were "US RMBS
Surveillance Methodology" published in January 2017 and "Moody's
Approach to Rating Structured Finance Interest-Only (IO)
Securities" published in June 2017.

Factors that can lead to an upgrade or downgrade of the ratings:

Ratings in the US RMBS sector remain exposed to the high level of
macroeconomic uncertainty, and in particular the unemployment rate.
The unemployment rate fell to 4.1% in December 2017 from 4.7% in
December 2016. Moody's forecasts an unemployment central range of
3.5% to 4.5% for the 2018 year. Deviations from this central
scenario could lead to rating actions in the sector. House prices
are another key driver of US RMBS performance. Moody's expects
house prices to continue to rise in 2018. Lower increases than
Moody's expects or decreases could lead to negative rating actions.
Finally, performance of RMBS continues to remain highly dependent
on servicer procedures. Any change resulting from servicing
transfers or other policy or regulatory change can impact the
performance of these transactions.

An IO bond may be upgraded or downgraded, within the constraints
and provisions of the IO methodology, based on lower or higher
realized and expected loss due to an overall improvement or decline
in the credit quality of the reference bonds and/or pools.


TERRAFORM POWER: Fitch Affirms 'BB-' IDR on Saeta Yield Acquisition
-------------------------------------------------------------------
Fitch Ratings has affirmed TerraForm Power Operating LLC's (TERPO)
Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook. The
action follows parent company Terraform Power Inc.'s (TERP)
announcement that it plans to acquire Saeta Yield (Saeta).

The transaction, if closed, will enhance TERPO's geographic
diversification, provide regulated and contracted cash flow and
modestly improve credit metrics. However, Fitch believes the
operating environment for renewables in Spain is less stable and
transparent than in the U.S. where TERPO primarily operates.
Primary concerns include the lack of a regulatory track record,
uncertainties associated with regulated return after 2019, and a
large though declining cumulative tariff deficit. TERPO's long-term
rating stability also depends on its demonstration of a
conservative and consistent approach to executing its new business
plan while operating under a new sponsor Brookfield Asset
Management (Brookfield).

Fitch calculates TERPO's credit metrics using a deconsolidated
approach as TERPO's operating assets are projects largely financed
with non-recourse debt. Fitch expects holdco only FFO adjusted
leverage to be near 6x in the next two years and decline to mid-5x
by 2022. The leverage ratio incorporates a modest reduction in
regulated return in Spain after 2019. TERPO's publicly stated long-
term target is net holdco debt/cash available for debt service
(CAFDS) of 4.0x to 5.0x. Management's calculations do not include
the management fee paid to Brookfield, which Fitch subtracts from
holdco FFO.

On Feb. 7, 2018, TERP announced that it launched a tender offer to
acquire 100% equity interest in Saeta, a Spanish publicly listed
yieldco, for $1.2 billion. TERP will issue $400 million of equity
that is 100% backstopped by Brookfield to provide a minimum price
floor. The remainder will be financed with available liquidity,
which is expected to be repaid by project financing and cash
release from Saeta. Saeta owns and operates approximately 1 GW of
regulated and contracted wind and solar assets (76% wind and 24%
solar) primarily in Spain. Over 80% of the revenues are regulated
under Spain's renewable power framework, and the remaining 20% are
under long-term power contracts. Weighted average life of contract
life is 15 years, and average age of the portfolio is six years.

KEY RATING DRIVERS

Transaction Enhances Diversification

The acquisition will enhance TERPO's operating scale and geographic
diversification, which Fitch views favorably. TERPO will increase
its generation capacity by nearly 40% and will expand its presence
in Western Europe. Over 80% of Saeta's revenues are regulated under
Spain's renewable power framework and the remaining 20% are under
long-term power contracts mostly with investment grade
counterparties. The weighted average life of the portfolio's
contract life is 15 years, and the average age is six years,
similar to TERPO's existing portfolio.

Challenging Operating Environment in Spain

Fitch views Spain's energy market regulation as less stable and
transparent than that of U.S. where the existing TERPO projects
primarily operate. The regulatory framework continues to evolve
after a hard-landing for renewables in 2013. The current regime is
relatively new. It provides earnings and cash flow visibility by
setting allowed regulatory return and limiting exposure to market
and volumetric risk, which Fitch views favorably. Saeta's portfolio
is comprised of 76% wind and 24% solar. Wind resources are subject
to greater variability, and Spain's recovery mechanism strongly
favors solar to wind. Additionally, current regulatory return
(7.4%) could be at risk at the end of 2019 due to its linkage to
the 10-year Spanish bond yield, which has declined substantially
since the financial crisis. Fitch has assumed a modest decline of
regulatory return in its projection after 2019. The lack of
regulatory track record and the lack of independent regulator in
Spain are also credit concerns. The cumulative tariff deficit
continues to be large, although declining, which could sustain
political pressure on reducing support for renewables.

Execution of Business Plan is Key

TERPO's long-term rating stability will depend on establishing a
track record of conservative and consistent approach to executing
its new business plan under a new sponsor. While Fitch expects
Brookfield's sponsorship to be supportive of TERPO's credit
quality, the relationship is nascent. TERPO is primarily a U.S.
renewables operator. and Brookfield's renewable experience has been
predominantly in hydro (4.5 GW) in the U.S. and Colombia and in
wind (1.2 GW) in Ireland, Canada, U.S. and Portugal. The ability to
effectively manage Saeta's sizeable wind and solar portfolio in two
new markets is yet to be seen. In addition to integrating the new
acquisition, TERP is also expected to rationalize and streamline
cost structure resultant from multiple acquisitions directed by the
previous sponsor. The company publicly announced it is targeting
$10 million of expense reduction within the first year and an
additional $15 million reduction over the next two to three years.

Credit Metrics

Based on the financing plan, Fitch expects TERPO's leverage ratio
to modestly improve over the next five years. Holdco only FFO
adjusted leverage is expected to be near 6x and improve to mid 5x
starting 2020. The ratio incorporated Fitch's assumptions that
borrowings from the acquisition at the holdco level will be repaid
by 2020 and that regulated return in Spain will decline beginning
2020. TERPO's publicly stated long term target is net holdco
debt/CAFDS of 4.0x to 5.0x. It should be noted that management's
calculations do not include the management fee paid to Brookfield,
which Fitch subtracts from holdco FFO. Additionally, Fitch uses
gross debt to calculate leverage ratios.

DERIVATION SUMMARY

TERPO's ratings are based upon a deconsolidated approach. TERPO's
subsidiaries are project subsidiaries that have been financed using
non-recourse debt or with tax equity. Fitch applies the
deconsolidated approach to NextEra Energy Partners (NEP,
BB+/Stable), AES Corp (BB/Positive), and ContourGlobal
(BB-/Stable), all three of which own and operate portfolios of
non-recourse projects. Given the variable nature of wind and solar
resource and the reasonably diversified portfolio, Fitch uses the
issuer's sustained renewable production of P50 as base case and P90
as stress case.

NEP and TERPO (pro forma) are similar in terms of generation
capacity. However, Fitch considers NEP better positioned than TERPO
owing to NEP's primary presence in the U.S., stronger credit
metrics and its association with NextEra Energy Inc. (A-/Stable).
Fitch views TERPO's assets to be superior to those of
ContourGlobal, which carry significant re-contracting risk as well
as political/regulatory risk in emerging markets. Fitch considers
TERPO's portfolio to also be superior to AES portfolio in terms of
contract length and no environmental and commodity exposure.
However, AES's portfolio is large and more geographically
diversified than TERPO. Furthermore, AES has a demonstrated history
of stable project distributions and lower payout ratio leading to
steadily improving credit metrics in recent years.

KEY ASSUMPTIONS

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

-- Certain % reduction of regulated return in Spain starting 2020

    is assumed;

-- Repayment of acquisition borrowings by 2020.

RATING SENSITIVITIES

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

-- Holdco leverage ratio below 5.5x on a sustainable basis;
-- TERPO and its sponsor demonstrating a track record of
    conservative and consistent approach in executing its business

    plan and managing growth from a credit perspective;
-- Regulated return in Spain after 2019 is materially higher than

    what Fitch has assumed, leading to a meaningful improvement in

    the leverage ratio.

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

-- Holdco leverage ratio exceeding 6.5x on a sustainable basis;
-- If TERPO fails to repay holdco level acquisition debt
    including the sponsor line by 2020, thus causing leverage
    ratio to exceed 6.5x;
-- Material underperformance in the underlying assets that lends
    variability or shortfall to expected project distributions;
-- Substantial deterioration in regulated return or regulatory
    construct in Spain;
-- Aggressive dividend growth target that is disproportionate to
    growth of earnings and cash flow;
-- Growth strategy underpinned by aggressive acquisitions and/or
    addition of assets in the portfolio that bear material
    volumetric, commodity, counterparty or interest rate risks;
-- Lack of access to funding that may lead TERPO to deviate from
    its target capital structure.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings with a Stable Outlook:

TerraForm Power Operating, LLC

-- Long-term IDR 'BB-';
-- Term loan 'BB+/RR1';
-- Senior unsecured notes 'BB/RR2'.


TRI STATE TRUCKING: March 23 Amended Plan Confirmation Hearing
--------------------------------------------------------------
Bankruptcy Judge John J. Thomas issued an order approving Tri State
Trucking Company's amended disclosure statement to accompany its
amended plan of reorganization filed on Oct. 16, 2017.

March 5, 2018 is fixed as the last day for submitting a ballot to
accept or reject the amended plan, and the last day for filing and
serving written objections to the confirmation of the amended plan.


March 16, 2018 is fixed as the last day for the Debtor to file a
tabulation of ballots accepting or rejecting the amended plan.

March 23, 2018 is fixed as the date for the hearing on the
confirmation of the amended plan at the U.S. Bankruptcy Courtroom,
240 West Third Street, U.S. Courthouse, Third Floor, Courtroom #3,
Williamsport, Pennsylvania.

                  About Tri State Trucking Company

Tri State Trucking Company operates an over the road logistics
company hauling various freight of its customers.  It employs
approximately 50 people and operates from its headquarters located
at 16064 Route 6, Mansfield, Pennsylvania 16933.

Tri State filed Chapter 11 bankruptcy petition (Bankr. M.D. Pa.
Case No. 15-04444) on Oct. 13, 2015.  William E. Robinson signed
the petition as president.  The Debtor estimated assets in the
range of $10 million to $50 million and liabilities of at least $1
million.  Mette, Evans, & Woodside represents the Debtor as
counsel.  Judge John J. Thomas is assigned to the case.

The Debtor also hired Robert E. Chernicoff, Esq., at Cunningham
Chernicoff & Warshawsky, P.C., as counsel.


TRIMUR PARTNERS: Hires Frank B. Lyon as Attorney
------------------------------------------------
Trimur Partners, Inc., and its debtor-affiliates seek authority
from the U.S. Bankruptcy Court for the Western District of Texas to
employ the Law Offices of Frank B. Lyon, as attorney to the
Debtors.

Trimur Partners requires Frank B. Lyon to:

   a. give the Debtors legal advice with respect to its powers
      and duties as Debtor-in-Possession in the continued
      operation of its business and management of its property;

   b. advise the Debtors of its responsibilities under the
      Bankruptcy Code and assist with such;

   c. prepare and file the voluntary petition and other paperwork
      necessary to commence the bankruptcy proceeding;

   d. assist the Debtors in preparing and filing the required
      Schedules, Statement of Affairs, Monthly Financial Reports,
      the Initial Debtor Report and other documents required by
      the Bankruptcy Code, the Federal Rules of Bankruptcy
      Procedure, the Local Rules of Court, and the administrative
      procedures of the Office of the U.S. Trustee;

   e. represent the Debtors in connection with adversary
      proceedings and other contested and uncontested matters,
      both in the Bankruptcy Court and in other courts of
      competent jurisdiction, concerning any and all matters
      related to the bankruptcy proceedings and the financial
      affairs of the Debtors, including, litigation affecting
      property of the Estate, suits to avoid or determine lien
      rights or other property interests of creditors and other
      parties in interest, objections to disputed claims, motions
      to assume or reject leases and other executor contracts,
      motions for relief from the automatic stay and motions
      concerning the discovery of documents and other information
      related to the bankruptcy proceedings;

   f. represent the Debtors in the negotiation and documentation
      of any sales or refinancing of property of the estate, and
      in obtaining the necessary approvals of such sales or
      refinancing by the Bankruptcy Court; and

   g. assist the Debtors in the formulation of a plan of
      reorganization and disclosure statement, and take the
      necessary steps in the Bankruptcy Court to obtain approval
      of such disclosure statement and confirmation of such plan
      of reorganization.

Frank B. Lyon will be paid at these hourly rates:

         Attorneys                $395
         Legal Assistants         $125

Prepetition, the Debtor paid Frank B. Lyon the sum of $3,900 of
which $100 went to prepetition fees and expenses and $1,717 filing
fee, leaving a balance retainer of $2,083.

Frank B. Lyon will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Frank B. Lyon, partner of the Law Offices of Frank B. Lyon, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Frank B. Lyon can be reached at:

     Frank B. Lyon, Esq.
     LAW OFFICES OF FRANK B. LYON
     3508 Far West Boulevard, Suite 170
     Austin, TX 78731
     Tel: (512) 345-8964
     Fax: (512) 697-0047
     E-mail: frank@franklyon.com

                      About KRK CP, LLC
                      and Trimur Partners

Cedar Park, Texas-based KRK CP, LLC, doing business as Kids R Kids
Cedar Park  -- https://www.krkcedarpark.com/ -- offers full time
care for children from six-weeks to five years including an
accredited academic curriculum and enrichment programs. The company
provides before and after school care for children from
kindergarten through 5th grade.  It also offers full day summer
camps for school age children.  Trimur Partners, Inc., KRK CP's
landlord, is an Austin, Texas-based company that is engaged in the
real estate leasing business.

Trimur Partners, Inc. and KRK CP, LLC, d/b/a Kids R Kids Cedar
Park, filed separate Chapter 11 petitions (Bankr. W.D. Tex. Case
Nos. 18-10001 and 18-10002, respectively) on Jan. 1, 2018. Patrick
W. Murphey, president, signed the petitions.

At the time of filing, the Trimur Partners disclosed $3,800,000 in
assets and $3,780,000 in liabilities; and KRK CP, LLC, estimated
$100,000 to $500,000 in assets and $1 million to $10 million in
liabilities.

Frank B. Lyon, Esq., of Frank B. Lyon - Attorney At Law, serves as
the Debtors' counsel.


TRONC INC: S&P Puts 'B' CCR on Watch Pos. Amid Nant Capital Deal
----------------------------------------------------------------
S&P Global Ratings placed its ratings on tronc Inc., including the
'B' corporate credit rating, on CreditWatch with positive
implications.

The CreditWatch placement reflects tronc's announcement that it has
entered into a definitive agreement to sell its California News
Group to Nant Capital LLC for $500 million in cash plus the
assumption of $90 million in pension liabilities. The company plans
to use the proceeds to repay debt. S&P believes tronc could improve
its leverage and sustain it below 3x if it repays its senior
secured term loan ($363.8 million outstanding as of Sept. 24, 2017)
using the asset sale proceeds and if it funds future acquisitions
with modest levels of new debt borrowings.

S&P said, "We aim to resolve the CreditWatch placement within the
next 90 days once we have more details on the profitability and
cash flow generation of tronc's remaining assets, debt repayment
plans, and financial policy going forward. We could raise the
corporate credit rating to 'B+' if we expect leverage will improve
below 3x on a sustained basis. We could affirm the current 'B'
rating if tronc doesn't meaningfully lower its debt burden or if we
believe its financial policy will result in sustained leverage in
the 3x-4x range."


TTM TECHNOLOGIES: S&P Affirms 'BB' CCR Amid Anaren Acquisition
--------------------------------------------------------------
U.S.-based printed circuit board (PCB) manufacturer TTM
Technologies Inc. has formalized the debt structure to finance its
announced acquisition of Anaren Inc. TTM will finance the $775
million purchase by adding $300 million to its $350 million term
loan, along with cash on hand and the proceeds from a planned $300
million issue of new senior unsecured debt, which will be pari
passu with the existing structurally senior unsecured notes.

S&P Global Ratings affirmed its 'BB' corporate credit rating on
Costa Mesa, Calif.-based TTM Technologies Inc. The outlook is
stable. The rating was removed from CreditWatch, where it was
placed with negative implications on Dec. 4, 2017, after the
announced Anaren acquisition.

S&P said, "At the same time, we affirmed our 'BBB-' issue-level and
'1' recovery ratings on the company's upsized first-lien term loan
($650 million total) due in 2024. The '1' recovery rating indicates
our expectation for very high (90%-100%; rounded estimate: 90%)
recovery in the event of payment default.

"We lowered our issue-level rating on the existing senior unsecured
notes to 'BB-' from 'BB' after revising the recovery rating to '5'
from '4'. The '5' recovery rating indicates our expectation for
modest (10%-30%; rounded estimate: 15%) recovery in the event of
payment default.

"In addition, we affirmed our 'B+' issue-level rating on the
company's $250 million subordinated unsecured convertible notes due
in 2020. The '6' recovery rating is unchanged and reflects our
expectation for negligible recovery (0%-10%; rounded estimate: 0%)
in the event of payment default."

All issue-level ratings have been removed from CreditWatch, where
it was placed with negative implications on Dec. 4, 2017, after the
announced Anaren acquisition.

S&P said, "The rating affirmation reflects pro forma S&P Global
Ratings-adjusted leverage in the low-3x area post the acquisition
of Anaren and our expectation for it to decline to the mid-2x area
within 12 months of close due in part to continued revenue growth,
aggressive debt repayment, and the netting of remaining cash
against debt. The rating also reflects what we consider an overall
improvement to its business over the past three years. TTM
continues to increase its scale, end-market, and product
diversification through its acquisition of Anaren, as it had done
with Viasystems in 2015. Viasystems nearly doubled the company's
PCB scale, providing a footprint in the fast growing automotive
segment and decreasing TTM's revenue concentration in the cellular
segment. The acquisition of Anaren expands TTM's engineering
skillset and provides additional product diversification, adding to
the A&D and network and communications industry segments, along
with expanding TTM's radio frequency technology. Given the scale of
the acquisition, around 10% of TTM's revenue, and in light of TTM's
history integrating Viasystems, we view the integration risk of
Anaren as minimal."

The stable outlook reflects S&P Global Ratings' expectation that
the company's market position among leading PCB makers and its
diverse end markets (serving the automotive, A&D, cellular,
computing, medical, industrial and instrumentation, and networking
and communication industries) will result in consistent positive
operating performance.

S&P said, "We could lower the rating if declines in its key end
markets--resulting in part from volatility in the networking and
communications industries, pricing pressure from customers, or
higher labor costs--cause EBITDA to decline, resulting in leverage
forecast to exceed 3x on a sustained basis.

"Although unlikely over the next 12 months, we could raise the
rating if the company continues to deliver revenue growth and
profitability, benefiting from industry tailwinds in the automotive
segment as electronic content in automobiles continues to increase,
while continuing to diversify end-market product exposure away from
volatile and cyclical end markets (namely cellular and networking).
We could also raise the ratings should the company reduce S&P
Global Ratings-adjusted leverage to below the 2x area and commit to
a financial policy of sustaining that leverage."


U.S.A. DAWGS: Taps Garman Turner as Legal Counsel
-------------------------------------------------
U.S.A. Dawgs Inc. seeks approval from the U.S. Bankruptcy Court for
the District of Nevada to hire Garman Turner Gordon LLP as its
legal counsel.

The firm will assist the Debtor in any potential sale of its
assets; pursue actions to protect its bankruptcy estate; assist in
the preparation of a plan of reorganization; and provide other
legal services related to its Chapter 11 case.

The firm's hourly rates are:

     Shareholders          $410 to $775
     Associates            $235 to $385
     Paraprofessionals     $155 to $190

The Debtor has paid Garman Turner the sum of $18,802 in connection
with its restructuring.

Garman Turner and its partners and associates are "disinterested
persons" as defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Talitha B. Gray Kozlowski, Esq.
     Teresa M. Pilatowicz, Esq.
     Garman Turner Gordon LLP
     650 White Drive, Suite 100
     Las Vegas, NV 89119
     Tel: (725) 777-3000
     Fax: 725-777-3112
     E-mail: tgray@gtg.legal
             tpilatowicz@gtg.legal

                       About U.S.A. Dawgs

U.S.A. Dawgs Inc. -- https://www.usadawgs.com/ -- designs,
manufactures, and distributes footwear.  It was founded in 2006 and
is based in Las Vegas, Nevada.

U.S.A. Dawgs sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Nev. Case No. 18-10453) on Jan. 31, 2018.  In the
petition signed by Steven Mann, president and chief executive
officer, the Debtor estimated assets of $10 million to $50 million
and liabilities of $1 million to $10 million.  Judge Laurel E.
Davis presides over the case.  Garman Turner Gordon LLP is the
Debtor's legal counsel.


VICTORY CAPITAL: S&P Raises ICR to 'BB' on IPO, Outlook Stable
--------------------------------------------------------------
S&P Global Ratings said it raised its issuer credit rating on
Victory Capital Holdings Inc. to 'BB' from 'BB-' and removed the
rating from CreditWatch, where it placed it with positive
implications on Jan. 23, 2018. The outlook is stable. S&P said, "At
the same time, we raised our issue rating on the company's secured
first-lien term loan and secured revolving credit facility to 'BB'
from 'BB-' and removed the rating from CreditWatch positive. The
recovery rating on the company's debt is '3', indicating our
expectation for meaningful (50%) recovery in the event of
default."

The upgrade follows the company's completion of its IPO. S&P
expects the company to use the proceeds for a partial repayment of
its first-lien term loan. Victory has also announced the
refinancing of the remaining $360 million of its debt, pushing the
maturity out until 2025.

S&P said, "Following the debt repayment, we now expect that Victory
will operate with leverage between 2.5x and 3x, compared with
leverage above 4x in prior years. We expect Victory will remain
acquisitive (and use debt to help finance its acquisitions) but
will adopt a more conservative financial policy now that it is
publicly traded.

"While the completion of the IPO reduces the ownership of financial
sponsors, they continue to own more than 40% of the company. We
would view favorably a further reduction of the financial sponsors'
ownership. However, it would not necessarily, by itself, lead to an
upgrade of the company given our view of Victory versus similarly
and higher-rated peers.

"The stable outlook reflects our expectation that Victory will
operate with debt to adjusted EBITDA between 2.5x-3x over the next
12 months. The stable outlook also reflects our expectation for
modest organic growth in assets under management (AUM) over the
same period of time.

"We could lower the ratings if Victory's leverage increases above
3x for a sustained period. We could also lower the ratings if the
company's investment performance deteriorates, or if the company
experiences sizable outflows.

"While unlikely, we could raise the ratings in the next 12 months
if the company's financial sponsors significantly reduce their
stake and the company operates with leverage below 2x. An upgrade
would also be contingent on investment performance remaining strong
and the company continuing to grow and diversify its AUM."


VIRTUS INVESTMENT: Moody's Affirms Ba2 Corporate Family Rating
--------------------------------------------------------------
Moody's Investors Service has affirmed the Ba2 corporate family
rating (CFR) and Ba2-PD probability of default rating of Virtus
Investment Partners, Inc. and changed the outlook on the ratings to
stable from positive. The rating agency also downgraded the
company's senior
secured credit facility to Ba2 from Ba1 and maintained its stable
outlook on this rating.

The rating action follows the company's announcement to refinance
and upsize its existing term loan to fund the acquisition of
Sustainable Growth Advisors (SGA), a Stamford, CT based
institutional equity manager for approximately $129.5 million.

RATINGS RATIONALE

The change in outlook to stable from positive reflects Moody's view
that Virtus' flow profile is below Moody's expectations and below
certain similarly rated asset managers in Moody's universe.
Further, the acquisition of SGA will not provide sufficient uplift
to Virtus' credit profile to support a positive outlook. While SGA
has certain credit positive attributes, it does not meaningfully
transform Virtus scale or business diversification, and financing
its acquisition will add approximately one turn to the company's
leverage (as defined by Moody's).

The rating affirmation reflects Moody's view that the expected
leverage increase is comfortably within Moody's tolerance for the
company's Ba2 rating.

Virtus' retail separate account and ETF businesses experienced
solid growth during 2017, but this positive momentum was offset by
persistent net outflows from the company's traditional mutual fund
business. Virtus continues to face the same organic growth
challenges that many traditional US active managers are facing in
the industry.

Virtus' Ba2 CFR reflects its modest scale, balanced AUM mix, and
elevated leverage following the acquisition of SGA. The company's
debt refinancing includes a $105 million upsizing of its senior
secured credit facility, which raises pro forma leverage, as
calculated by Moody's, to 2.5x, weakening its financial
flexibility, which is already reduced by the investments it carries
in fund seeding and CLO equity.

The downgrade of the senior secured credit facility rating to Ba2
from Ba1 follows from the higher proportion that senior secured
debt will comprise in the company's capital structure following the
acquisition of SGA and the related debt repricing. Therefore,
Moody's are aligning the term loan rating with the company's Ba2
CFR.

Factors that could lead to an upgrade of Virtus' ratings include:
1) Leverage sustained below 2.0x; 2) reduced balance sheet exposure
to self-managed investments resulting in an improvement to Virtus'
SMI ratio; 3) sustained improvement in net flows.

Conversely, factors that could lead to a downgrade of the company's
ratings include: 1) Upsizing of the company's seeding program
and/or leverage is elevated above 3.0x for a sustained period; 2)
net client redemptions, in excess of 5-7% per year; 3) reputational
risk from the failure of boutiques to meet investors'
expectations.

Virtus is a multi-boutique asset manager headquartered in Hartford,
CT. At year-end 2017, the company had assets under management of
$91 billion and total revenues of approximately $425 million.

Downgrades:

Issuer: Virtus Investment Partners, Inc.

-- Senior Secured Bank Credit Facility, Downgraded to Ba2 from
    Ba1

Assignments:

Issuer: Virtus Investment Partners, Inc.

-- Senior Secured Bank Credit Facility, Assigned Ba2

Outlook Actions:

Issuer: Virtus Investment Partners, Inc.

-- Outlook, Changed To Stable From Positive(m)

Affirmations:

Issuer: Virtus Investment Partners, Inc.

-- Probability of Default Rating, Affirmed Ba2-PD

-- Corporate Family Rating, Affirmed Ba2


WALDRON DEVELOPMENT: Taps William J. Factor as Legal Counsel
------------------------------------------------------------
Waldron Development Company received approval from the U.S.
Bankruptcy Court for the Northern District of Illinois to hire The
Law Office of William J. Factor, Ltd. as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; negotiate with creditors; assist in the
preparation of a bankruptcy plan; and provide other legal services
related to its Chapter 11 case.

The firm's hourly rates are:

     William Factor        Partner       $400
     Ariane Holtschlag     Partner       $350
     Jeffrey Paulsen       Partner       $350
     Julia Loper           Associate     $300
     Samuel Rodgers        Paralegal     $125

Prior to the Petition Date, the firm received a retainer of $5,000
from Therese Waldron, the Debtor's sole shareholder, to cover fees
incurred in its bankruptcy case.

William Factor, Esq., disclosed in a court filing that his firm is
a "disinterested person" as defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     William J. Factor, Esq.
     Z. James Liu, Esq.
     The Law Office of William J. Factor, Ltd.
     105 W. Madison Street, Suite 1500
     Chicago, IL 60602
     Tel: (847) 239-7248
     Fax: (847) 574-8233
     E-mail: wfactor@wfactorlaw.com   
             jliu@wfactorlaw.com

                 About Waldron Development Company

Waldron Development Company owns a three-flat apartment building at
3838 North Kenmore, Chicago, Illinois.

Waldron Development sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 17-37011) on Dec. 14,
2017.  The Debtor intends to use Chapter 11 to effectuate a sale of
the building under Section 363(b) of the Bankruptcy Code, or to
restructure the debt on the building.

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $1 million.  

Judge Jacqueline P. Cox presides over the case.


WEINSTEIN CO: Contreras-Sweet Pulls Out $500M Offer, Post Says
--------------------------------------------------------------
Maria Contreras-Sweet, the head of the Small Business
Administration during the Obama administration, is backing away
from a nearly $500 million offer to acquire the Weinstein Co.,
sources told the New York Post.

According to Keith J. Kelly, writing for the Post, the sources said
a deal with Ms. Contreras-Sweet would have avoided a Chapter 11
bankruptcy and preserved the jobs of about 200 people.

According to the Post, a handful of other bidders -- including New
York production company Killer Content and Lionsgate studio,
according to reports -- would have required a bankruptcy proceeding
as part of a deal in order to protect the new owner from future
liabilities.

According to Anita Busch and Mike Fleming Jr., writing for
Deadline.com, the investor group led by Ms. Contreras-Sweet
promised $500 million, which included $225 million in assumed debt,
plus a victims compensation and an immediate cash infusion to keep
the lights on.

Sources told the Post Ms. Contreras-Sweet:

     -- was expected to sign the deal on Sunday but has instead
pulled her offer after growing infuriated that New York Attorney
General Eric Schneiderman was insisting on inserting a monitor on
the board of the new company.

     -- had promised to appoint a majority female board of
directors if her offer was accepted; and

     -- was kept out of the negotiations with the AG that resulted
in an agreement to put a monitor in place.

Sources told the Post Ms. Contreras-Sweet has been in exclusive
talks to buy the Weinstein Co. for weeks and had worked out a deal
to compensate victims of alleged abuse by Harvey Weinstein.  The
exclusive period expired Feb. 11.

The report notes that Colony Capital had emerged early on as a
potential new owner but dropped out in November.  Qatar-owned
Miramax had also expressed an interest in buying the Company.  The
Weinsteins originally owned Miramax.  They sold it to Walt Disney,
which subsequently spun it off to the new owners.

Mr. Schneiderman on Sunday filed a 38-page lawsuit against the
Weinstein Co. and Harvey and Robert Weinstein alleging a series of
civil and human rights violations tied to Harvey's alleged decades
long history of harassing women.

According to the report, AG Schneiderman wants to install a monitor
at Weinstein Co. because he is concerned David Glasser, the chief
operating officer when Harvey Weinstein led the company, would be
named chief executive under a Contreras-Sweet led company, sources
said.  AG Schneiderman believes Mr. Glasser did not do enough to
protect employees, sources said.

According to the Post, highlights of the deal with Ms.
Contreras-Sweet would have been:

     * Ron Burkle's Yucaipa Companies and Lantern Asset Management
were going to provide financing;

     * standard indemnifications from the Weinstein Cos.' existing
insurance carries;

     * Profits from five future movies -- estimated to total at
least $50 million, sources said -- pledged to harassment victims;

     * Buyers ready to set up an additional contingency fund of $10
million; and

     * Bob Weinstein would be ousted from management; he and his
brother would be paid nothing.

According to Deadline.com, when the AG office initially made its
inquiry, the board and Bob Weinstein tried to keep Yucaipa's Ron
Burkle and Ms. Contreras-Sweet out of it, and wanted to negotiate a
settlement that protected their interests.  Sources said Mr. Burkle
and Ms. Contreras-Sweet are now in those talks, but they won't run
a company that gives oversight to politicians and lawyers, beyond
the statutes that are agreed to.


WILSON LAND: Hires Forbes Law as Attorney
-----------------------------------------
Wilson Land Properties, LLC, seeks authority from the U.S.
Bankruptcy Court for the Northern District of Ohio to employ Forbes
Law LLC, as attorney to the Debtor.

Wilson Land requires Forbes Law to:

   a. advise the Debtor as to its rights, duties and powers as a
      Debtor-in-Possession;

   b. prepare and file the Statements, Schedules, Plans and other
      documents and pleadings necessary to be filed by the Debtor
      in the bankruptcy case;

   c. represent the Debtor at all hearings, meetings of
      creditors, conferences, trials, and other proceedings in
      the bankruptcy case; and

   d. perform such other legal services as may be necessary in
      connection with the bankruptcy case.

Forbes Law will be paid at these hourly rates:

          Attorneys       $350
          Paralegals      $125

Forbes Law will be paid a retainer in the amount of $19,258.

Forbes Law will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Glenn E. Forbes, a partner at Forbes Law, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Forbes Law can be reached at:

     Glenn E. Forbes, Esq.
     FORBES LAW LLC
     166 Main Street
     Painesville, OH 44077
     Tel: (440) 357-6211

                 About Wilson Land Properties

Based in Mentor, Ohio, Wilson Land Properties, LLC, is the owner of
51 real estate properties having a total estimated value of $4.54
million.  Wilson Land Properties, LLC, based in Mentor, OH, filed a
Chapter 11 petition (Bankr. N.D. Ohio Case No. 18-10514) on Jan.
31, 2018.  In the petition signed by Richard M Osborne, managing
member, the Debtor disclosed $4.54 million in assets and $43.23
million in liabilities.  The Hon. Arthur I. Harris presides over
the case.  Glenn E. Forbes, Esq., at Forbes Law LLC, serves as
bankruptcy counsel.


WINDSOR MARKETING: Committee Hires Lowenstein Sandler as Counsel
----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Windsor Marketing
Group, Inc., seeks authorization from the U.S. Bankruptcy Court for
the District of Connecticut to retain Lowenstein Sandler LLP, as
counsel to the Committee.

The Committee requires Lowenstein Sandler to:

   a. advise the Committee with respect to its rights, duties and
      powers in the Chapter 11 case;

   b. assist and advise the Committee in its communications with
      the Debtor relative to the administration of the Chapter 11
      case;

   c. assist the Committee in analyzing the claims of the
      Debtor's creditors and the Debtor's capital structure and
      in negotiating with holders of claims and equity interests;

   d. assist the Committee with the analysis of the Debtor's pre-
      petition secured debt and negotiation with the Debtor and
      the holders of such secured debt regarding the Debtor's
      financing and use of cash collateral;

   e. assist the Committee in its investigation of the acts,
      conduct, assets, liabilities, and financial condition of
      the Debtor and of the operation of the Debtor's businesses,
      the desirability of continuing such businesses, and any
      other matters relevant to the case and the formulation of a
      plan of reorganization;

   f. assist the Committee in its investigation of the liens and
      claims of the holders of the Debtor's pre-petition debt and
      the prosecution of any claims or causes of action revealed
      by such investigation;

   g. assist the Committee in its analysis of, and negotiations
      with, the Debtor or any third party concerning matters
      related to, among other things, financing and use of cash
      collateral, the assumption or rejection of certain leases
      of nonresidential real property and executor contracts,
      asset dispositions, financing of other transactions and the
      terms of one or more plans of reorganization for the Debtor
      and accompanying disclosure statements and related plan
      documents.

   h. assist and advise the Committee as to its communications to
      unsecured creditors regarding significant matters in the
      Chapter 11 case;

   i. represent the Committee at hearings and other proceedings;

   j. review and analyze applications, orders, statements of
      operations, and schedules filed with the Court and advise
      the Committee as to their contents;

   k. assist the Committee in requesting the appointment of a
      Trustee or an examiner should such action be necessary;

   l. prepare, on behalf of the Committee, any pleadings,
      including motions, memoranda, complaints, adversary
      complaints, objections, or comments in connection with any
      of the foregoing as may be necessary in furtherance of the
      Committee's interests and objectives in the Chapter 11
      case, including the preparation of retention papers and fee
      applications for the Committee's professionals including
      Lowenstein Sandler; and

   m. perform such other legal services as may be required or are
      otherwise deemed to be in the interest of the Committee in
      accordance with the Committee's powers and duties as set
      forth in the Bankruptcy Code, Bankruptcy Rules, or other
      applicable law.

Lowenstein Sandler will be paid at these hourly rates:

     Partners                         $600 to $1,285
     Senior Counsel and Counsel       $450 to $760
     Associates                       $350 to $580
     Paralegals and Assistants        $135 to $340

Lowenstein Sandler will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Mary E. Seymour, partner of Lowenstein Sandler LLP, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and (a) is not
creditors, equity security holders or insiders of the Debtor; (b)
has not been, within two years before the date of the filing of the
Debtor's chapter 11 petition, directors, officers or employees of
the Debtor; and (c) does not have an interest materially adverse to
the interest of the estate or of any class of creditors or equity
security holders, by reason of any direct or indirect relationship
to, connection with, or interest in, the Debtor, or for any other
reason.

Lowenstein Sandler can be reached at:

     Mary E. Seymour, Esq.
     LOWENSTEIN SANDLER LLP
     65 Livingston Avenue
     Roseland, NJ 07068
     Tel: (973) 597-2500
     Fax: (973) 597-2400

                About Windsor Marketing Group

Headquartered in Suffield, Connecticut, Windsor Marketing Group,
Inc. -- https://windsormarketing.com/ -- is a privately held
company that develops and implements innovative in-store marketing
programs for more than 3,000 clients, including some of the
nation's top retailers.  Founded in 1976, Windsor Marketing helps
retailers make their stores easier to shop, reduce turnaround times
and lower production and fulfillment costs.

Windsor Marketing Group filed a Chapter 11 petition (Bankr. D.
Conn. Case No. 18-20022) on Jan. 8, 2018.  In the petition signed
by Kevin F. Armata, president, the Debtor estimated assets and
liabilities at $10 million to $50 million. The Debtor is
represented by James Berman, Esq., at Zeisler & Zeisler, P.C.

The U.S. Trustee for Region 2 on Jan. 22, 2018, appointed three
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case.


WINDSOR MARKETING: Committee Taps Neubert Pepe as Conn. Counsel
---------------------------------------------------------------
The official committee of unsecured creditors of Windsor Marketing
Group, Inc., seeks approval from the U.S. Bankruptcy Court for the
District of Connecticut to hire Neubert, Pepe & Monteith, P.C., as
its Connecticut counsel.

The firm will assist Lowenstein Sandler LLP, the lead bankruptcy
counsel, in its representation of the committee, and will advise
the committee regarding issues involving Connecticut law.    

Neubert does not represent any interest adverse to unsecured
creditors and does not have any relationship with the Debtor or any
of its creditors, according to court filings.

The firm can be reached through:

     Mark I. Fishman, Esq.
     Neubert, Pepe & Monteith, P.C.
     195 Church Street, 13th Floor
     New Haven, CT
     Phone: 203.821.2000
     Fax: 203.821.2009
     E-mail: mfishman@npmlaw.com

                   About Windsor Marketing Group

Headquartered in Suffield, Connecticut, Windsor Marketing Group,
Inc. -- https://windsormarketing.com/ -- is a privately-held
company that develops and implements innovative in-store marketing
programs for more than 3,000 clients, including some of the
nation's top retailers.  Founded in 1976, Windsor Marketing helps
retailers make their stores easier to shop, reduce turnaround times
and lower production and fulfillment costs.

Windsor Marketing Group filed a Chapter 11 petition (Bankr. D.
Conn. Case No. 18-20022) on Jan. 8, 2018.  In the petition signed
by Kevin F. Armata, president, the Debtor estimated assets and
liabilities at $10 million to $50 million.  The Debtor is
represented by James Berman, Esq. at Zeisler & Zeisler, P.C.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on Jan. 22, 2018.  The Committee tapped
Lowenstein Sandler LLP, as lead bankruptcy counsel, and Neubert,
Pepe & Monteith, P.C., as its Connecticut counsel.


WIT'S END RANCH: Hires Carolin Topelson as Special Counsel
----------------------------------------------------------
Wit's End Ranch Retreat, LLC, seeks authority from the U.S.
Bankruptcy Court for the District of Colorado to employ Carolin
Topelson Law, LLC, as special counsel to the Debtor.

On December 26, 2017, after the filing for relief under Chapter 11,
Debtor filed an FED Complaint against Tribe Sober Living &
Re-Entry, LLC., Thomas Hernandez and Brandi Parks.  This Complaint
remains pending in Case No. 2017CV34790, District Court, Denver
County, State of Colorado.

The Debtor is the 50% owner and Co-managing member of Tribe Sober
Living & Re-Entry, LLC.

The Debtor has been ordered by the Denver County District Court to
obtain replacement counsel or face dismissal of its pending Court
Action. The need for special counsel is immediate and urgent.

The Debtor seeks to employ Carolin Topelson as special counsel for
the limited purpose, to represent the Debtor in the Pending Court
Action, which may include the voluntary dismissal and refiling of
the current FED Complaint and related claims as separate causes of
action, as special counsel may advise.

Carolin Topelson will also represent Vincent Franco, individually,
in the underlying state court action.

Carolin Topelson will be paid at these hourly rates:

        Attorneys              $275
        Paralegals         $120 to $175

Mr. Franco has personally posted a $2,000 retainer with Carolin
Topelson for the engagement.

Carolin Topelson will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Carolin Topelson, member of Carolin Topelson Law, LLC, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Carolin Topelson can be reached at:

     Carolin Topelson, Esq.
     CAROLIN TOPELSON LAW, LLC
     3900 East Mexico Avenue, Suite 300
     Denver, CO 80210
     Tel: (720) 305-9903

                 About Wit's End Ranch Retreat

Glenn, Colorado-based Wit's End Ranch Retreat, LLC, sought Chapter
11 protection (Bankr. D. Colo. Case No. 17-18893) on Sept. 25,
2017, estimating under $1 million in both assets and liabilities.
Judge Joseph G. Rosania Jr. presides over the case.  The Debtor
hired Buechler & Garber, LLC, as bankruptcy counsel, and Carolin
Topelson Law, LLC, as special counsel.


WJA ASSET MANAGEMENT: Hires Aishel Real as Real Estate Broker
-------------------------------------------------------------
WJA Asset Management, LLC, and its debtor-affiliates seek authority
from the U.S. Bankruptcy Court for the Central District of
California to employ Aishel Real Estate, as real estate broker to
the Debtors.

WJA Asset Management requires Aishel Real to market and sell the
Debtors' real properties consisting of 64 townhomes located at
Clairton, Allegheny County, PA 15025.

Aishel Real will be paid a commission of 6% of the purchase price,
or a minimum of $5,000.

Chaim A. Davidson, member of Aishel Real Estate, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Aishel Real can be reached at:

     Chaim A. Davidson
     AISHEL REAL ESTATE
     224 Penn Avenue
     Pittsburgh, PA 15221-2154
     Tel: (412) 421-4663

                    About WJA Asset Management

Luxury Asset Purchasing International, LLC, et al., are part of a
network of entities or "Funds" formed to offer a range of
investment opportunities to individuals. Many of the existing Funds
are performing and some Funds had substantial gains. However,
certain Funds, i.e., those invested in private trust deeds secured
by real estate, suffered losses.

William Jordan Investments, Inc. ("Advisor"), is a registered
investment advisor. Laguna Hills, California-based WJA Asset
Management, LLC ("Manager"), is the managing member of Luxury, et
al. William Jordan was the president and sole owner of Advisor and
was the sole member and manager of Manager.

On May 18, 2017, Luxury and its affiliates filed voluntary
petitions under Chapter 11 of the United States Bankruptcy Code. On
May 25, 2017, four other affiliated filed voluntary Chapter 11
petitions. On June 6, CA Real Estate Opportunity Fund III filed its
Chapter 11 petition. The Debtors' cases are jointly administered
under Bankr. C.D. Cal. Lead Case No. 17-11996, and the Debtors
continue to operate their businesses and manage their affairs as
DIP.

Pursuant to court orders, Howard Grobstein is now serving as the
chief restructuring officer of the Debtors and Mr. Jordan no longer
has any ongoing role in the Debtors' operations.

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

Judge Scott C. Clarkson presides over the cases.

Lei Lei Wang Ekvall, Esq., Philip E. Strok, Esq., Robert S.
Marticello, Esq., and Michael L. Simon, Esq., at Smiley
Wang-Ekvall, LLP, serve as counsel to the Debtors.


WYNN RESORTS: Moody's Alters Outlook to Negative & Affirms Ba3 CFR
------------------------------------------------------------------
Moody's Investors Service revised the rating outlook of Wynn
Resorts, Limited's following the company's announcement that Steve
Wynn, the company's founder, stepped down as its Chief Executive
Officer and Chairman of its Board of Directors. Wynn Resorts' Ba3
Corporate Family and Ba3-PD Probability of Default ratings were
affirmed along with the company's Ba2 senior secured debt and B1
senior unsecured debt ratings. The company has an SGL-1 Speculative
Grade Liquidity rating.

"The revision of Wynn Resorts' outlook to negative considers Mr.
Wynn's decision to step down from the company in the wake of sexual
misconduct allegations made against him," stated Keith Foley, a
Senior Vice President at Moody's. "Although the claims against Mr.
Wynn are only allegations, the reputation, financial performance,
and licensing status of the Wynn Resorts' casino assets, which bare
Mr. Wynn's name, could be harmed, albeit by perception alone," "The
outlook revision to negative also considers that Wynn Resorts will
lose access to Mr. Wynn highly-regarded development and operational
expertise as he will no longer be part of the company's
management," added Foley.

Wynn Resorts' Board of Directors appointed Matt Maddox, currently
President of Wynn, as its CEO, and Boone Wayson as Non-Executive
Chairman of the Board of Directors.

Outlook Actions:

Issuer: Wynn Resorts, Limited

-- Outlook, Changed To Negative From Stable

Affirmations:

Issuer: Wynn America, LLC

-- Senior Secured Bank Credit Facility, Affirmed Ba2(LGD2)

Issuer: Wynn Las Vegas, LLC

-- Senior Unsecured Regular Bond/Debenture, Affirmed B1(LGD5)

Issuer: Wynn Macau, Limited

-- Senior Unsecured Regular Bond/Debenture, Affirmed B1(LGD5)

Issuer: Wynn Resorts, Limited

-- Probability of Default Rating, Affirmed Ba3-PD

-- Corporate Family Rating, Affirmed Ba3

RATINGS RATIONALE

Wynn Resorts' credit profile is supported by the quality,
popularity, and favorable reputation of the company's resort
properties -- a factor that continues to distinguish it from most
other gaming operators. The ratings also consider the favorable
prospects for the company's resort in Everett, MA, a suburb near
Boston that will improve the company's geographic diversification.
Moody's believe this resort will ramp up well initially as well as
perform strongly over the long term given the favorable
demographics, visitation trends, and population concentration of
the Boston area.

Key credit concerns include Wynn Resorts' limited diversification
despite the fact that it is one of the largest U.S. gaming
operators in terms of revenue. Wynn Resort's revenue and cash flow
are concentrated in the Macau gaming market which has experienced
significant declines in gaming revenue during the past few years
and has only recently stabilized. Moody's also expect that Wynn
Resorts will be presented with and pursue other large, high
profile, integrated resort development opportunities around the
world. As a result there will likely be periods where the company's
leverage experiences periods of increases due to partially
debt-financed,future development projects.

Wynn Resorts' ratings could be lowered if Moody's believes the
company's financial performance, development projects, and/or
ability to maintain its gaming licenses is impaired. Ratings could
also be lowered if, for any reason, it appears the company will not
be able to maintain its Moody's adjusted net debt/EBITDA below 6.0
times by the end of fiscal 2018. Wynn Resorts' Moody's adjusted
net/debt EBITDA is currently about 5.0 times.

The outlook could be revised to stable if Moody's believes that
Wynn Resorts' reputation and financial performance will not be
impaired as a result of the allegations against Mr. Wynn, and that
the company's is able to maintain its Nevada, Macau, and
Massachusetts gaming licenses in good standing.

Wynn Resorts, Limited owns approximately 72% of Wynn Macau,
Limited, which operates Wynn Macau and Encore at Wynn Macau in the
Macau Special Administrative Region of the People's Republic of
China. The company also owns 100% of Wynn Las Vegas, LLC which
operates Wynn Las Vegas and Encore at Wynn Las Vegas in Las Vegas,
Nevada; and 100% of Wynn America, LLC, the entity and debt obligor
that owns the license for the company's Massachusetts resort
development. Consolidated net revenue for the fiscal year-ended
December 31, 2017 was about $6.3 billion.


YOGA CENTER: Unsecureds to Recover 29.3% Under Amended Plan
-----------------------------------------------------------
The Yoga Center, LLC filed with the U.S. Bankruptcy Court for the
District of Minnesota an amended disclosure statement describing
its amended plan of reorganization dated Jan. 18, 2018 and filed on
Jan. 30, 2018, which is intended to implement the Debtor's
reorganization of its business and finances.

Under the amended plan, Class 6 General Unsecured Claims are
estimated to be in the amount of $693,921.23. Class 6 General
Unsecured Claims will receive total distributions equal to
$203,556. The Debtor will make monthly distributions to unsecured
creditors from the Debtor's operating revenue in monthly
installments of $1,019 per month, for a term of 12 months, then
$3,986 per month for a term of 48 months, with the first payment
beginning the 20th day of the first month following the Effective
Date of the Amended Plan. The Debtor will make total distributions
to holders of Class 6 Unsecured Claims in the minimum amount of
$203,556.

The amount of distributions to holders of Allowed Class 6 Claims
will be increased if, during the term of the Amended Plan, the
Debtor's operating revenue significantly exceeds the amounts
projected resulting in disposable income. In determining whether
Debtor in fact has additional net disposable income, the Debtor may
take into account any changes in its operating expenses. The
Amended Plan contemplates a return of approximately 29.3 % to
holders of Class 6 Unsecured Claims.

In a Jan. 8, 2018 report by the Troubled Company Reporter, under
the initial plan, Class 2 General Unsecured Claims were estimated
to be in the amount of $701,816.02. Class 2 General Unsecured
Claims will receive total distributions equal to $203,552.90. The
Debtor will make monthly distributions to unsecured creditors from
the Debtor's operating revenue in monthly installments of $1,018.74
per month, for a term of 12 months, then $3,986 per month for a
term of 48 months, with the first payment beginning the 20th day of
the first month following the Effective Date of the Plan. The Plan
contemplates a return of approximately 29% to holders of Class 2
Unsecured Claims.

A copy of the Amended Disclosure Statement is available at:

     http://bankrupt.com/misc/mnb17-42115-50.pdf

                  About The Yoga Center LLC

The Yoga Center, LLC -- http://yogacentermpls.com-- is a small  
business Debtor as defined in 11 U.S.C. Section 101(51D).  The
Company provides Yoga classes offering a wide selection of drop-in
classes, specialty class series, workshops and events, as well as
teacher training programs, specialty teacher trainings and
continuing education for the lifelong learner.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Minn. Case No. 17-42115) on July 13, 2017.  Neil
Riemer, president, signed the petition.  

Michael J. Sheridan, Esq., serves as the Debtor's bankruptcy
counsel.

At the time of the filing, the Debtor disclosed that it had
estimated assets of less than $1 million and liabilities of $1
million to $10 million.  

Judge Katherine A. Constantine presides over the case.


[^] BOND PRICING: For the Week from February 5 to 9, 2018
---------------------------------------------------------
  Company                  Ticker   Coupon Bid Price   Maturity
  -------                  ------   ------ ---------   --------
Ally Financial Inc         ALLY       3.25     99.79  2/13/2018
Alpha Appalachia
  Holdings Inc             ANR        3.25      2.05   8/1/2015
Amyris Inc                 AMRS       9.50     65.74  4/15/2019
Amyris Inc                 AMRS       6.50     62.48  5/15/2019
Appvion Inc                APPPAP     9.00     37.53   6/1/2020
Appvion Inc                APPPAP     9.00      6.88   6/1/2020
Armstrong Energy Inc       ARMS      11.75     27.00 12/15/2019
Armstrong Energy Inc       ARMS      11.75     29.00 12/15/2019
Avaya Inc                  AVYA      10.50      6.25   3/1/2021
Avaya Inc                  AVYA      10.50      7.00   3/1/2021
BPZ Resources Inc          BPZR       6.50      3.02   3/1/2015
BPZ Resources Inc          BPZR       6.50      3.02   3/1/2049
Bon-Ton Department
  Stores Inc/The           BONT       8.00     19.25  6/15/2021
BreitBurn Energy
  Partners LP /
  BreitBurn Finance Corp   BBEP       8.63      6.50 10/15/2020
BreitBurn Energy
  Partners LP /
  BreitBurn Finance Corp   BBEP       8.63      6.50 10/15/2020
BreitBurn Energy
  Partners LP /
  BreitBurn Finance Corp   BBEP       8.63      6.50 10/15/2020
BreitBurn Energy
  Partners LP /
  BreitBurn Finance Corp   BBEP       7.88      6.88  4/15/2022
Cenveo Corp                CVO        6.00     65.55   8/1/2019
Cenveo Corp                CVO        8.50      3.50  9/15/2022
Cenveo Corp                CVO        6.00     65.67   8/1/2019
Cenveo Corp                CVO        8.50      3.49  9/15/2022
Chassix Holdings Inc       CHASSX    10.00      8.00 12/15/2018
Chassix Holdings Inc       CHASSX    10.00      8.00 12/15/2018
Chukchansi Economic
  Development Authority    CHUKCH     9.75     63.00  5/30/2020
Claire's Stores Inc        CLE        9.00     67.06  3/15/2019
Claire's Stores Inc        CLE        8.88     25.55  3/15/2019
Claire's Stores Inc        CLE        7.75     11.88   6/1/2020
Claire's Stores Inc        CLE        9.00     68.22  3/15/2019
Claire's Stores Inc        CLE        9.00     66.12  3/15/2019
Claire's Stores Inc        CLE        7.75     11.88   6/1/2020
Cobalt International
  Energy Inc               CIEI       2.63     25.00  12/1/2019
Cumulus Media
  Holdings Inc             CMLS       7.75     21.00   5/1/2019
EV Energy Partners LP /
  EV Energy Finance Corp   EVEP       8.00     48.78  4/15/2019
EXCO Resources Inc         XCOO       8.50      9.05  4/15/2022
Egalet Corp                EGLT       5.50     46.25   4/1/2020
Emergent Capital Inc       EMGC       8.50     59.06  2/15/2019
Energy Conversion
  Devices Inc              ENER       3.00      7.88  6/15/2013
Energy Future
  Holdings Corp            TXU        6.55     15.63 11/15/2034
Energy Future
  Holdings Corp            TXU        6.50     15.00 11/15/2024
Energy Future
  Holdings Corp            TXU        9.75     29.25 10/15/2019
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc              TXU       11.25     38.00  12/1/2018
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc              TXU        9.75     37.75 10/15/2019
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc              TXU       11.25     38.50  12/1/2018
FGI Operating Co LLC /
  FGI Finance Inc          GUN        7.88     10.75   5/1/2020
FirstEnergy
  Solutions Corp           FE         6.05     34.13  8/15/2021
FirstEnergy
  Solutions Corp           FE         6.05     35.58  8/15/2021
FirstEnergy
  Solutions Corp           FE         6.05     35.58  8/15/2021
Fleetwood
  Enterprises Inc          FLTW      14.00      3.56 12/15/2011
GenOn Energy Inc           GENONE     9.50     81.50 10/15/2018
GenOn Energy Inc           GENONE     9.50     79.00 10/15/2018
GenOn Energy Inc           GENONE     9.50     81.13 10/15/2018
Gibson Brands Inc          GIBSON     8.88     79.82   8/1/2018
Gibson Brands Inc          GIBSON     8.88     81.02   8/1/2018
Gibson Brands Inc          GIBSON     8.88     80.93   8/1/2018
Goldman Sachs
  Group Inc/The            GS         2.44     99.30  2/19/2018
Hartford Life
  Insurance Co             HIG        4.12 #N/A N/A   2/15/2018
Homer City Generation LP   HOMCTY     8.14     38.75  10/1/2019
Hunt Cos Inc               HUNTCO     9.63    105.25   3/1/2021
Iconix Brand Group Inc     ICON       1.50     76.50  3/15/2018
Illinois Power
  Generating Co            DYN        6.30     33.38   4/1/2020
Interactive Network
  Inc / FriendFinder
  Networks Inc             FFNT      14.00     70.25 12/20/2018
IronGate Energy
  Services LLC             IRONGT    11.00     36.88   7/1/2018
IronGate Energy
  Services LLC             IRONGT    11.00     36.88   7/1/2018
IronGate Energy
  Services LLC             IRONGT    11.00     36.88   7/1/2018
IronGate Energy
  Services LLC             IRONGT    11.00     36.88   7/1/2018
Lansing Trade
  Group LLC / Lansing
  Finance Co Inc           LANTRA     9.25     97.97  2/15/2019
Lansing Trade Group
  LLC / Lansing Finance
  Co Inc                   LANTRA     9.25     97.97  2/15/2019
Las Vegas Monorail Co      LASVMC     5.50      4.04  7/15/2019
Lehman Brothers
  Holdings Inc             LEH        2.07      3.33  6/15/2009
Lehman Brothers
  Holdings Inc             LEH        4.00      3.33  4/30/2009
Lehman Brothers
  Holdings Inc             LEH        5.00      3.33   2/7/2009
Lehman Brothers
  Holdings Inc             LEH        1.50      3.33  3/29/2013
Lehman Brothers
  Holdings Inc             LEH        1.60      3.33  11/5/2011
Lehman Brothers
  Holdings Inc             LEH        1.38      3.33  6/15/2009
Lehman Brothers
  Holdings Inc             LEH        2.00      3.33   3/3/2009
Lehman Brothers Inc        LEH        7.50      1.23   8/1/2026
Linc USA GP / Linc
  Energy Finance USA Inc   LNCAU      9.63      1.00 10/31/2017
MF Global Holdings Ltd     MF         3.38     30.00   8/1/2018
MModal Inc                 MODL      10.75      6.13  8/15/2020
Mashantucket Western
  Pequot Tribe             MASHTU     7.35     15.25   7/1/2026
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC         MPO       10.75      3.50  10/1/2020
Molycorp Inc               MCP       10.00      1.30   6/1/2020
Morgan Stanley             MS         2.42     99.61  2/15/2018
Murray Energy Corp         MURREN     9.50     49.25  12/5/2020
Murray Energy Corp         MURREN     9.50     49.25  12/5/2020
New Gulf Resources LLC/
  NGR Finance Corp         NGREFN    12.25      6.50  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp         NGREFN    12.25      6.50  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp         NGREFN    12.25      6.50  5/15/2019
Nine West Holdings Inc     JNY        8.25      8.70  3/15/2019
Nine West Holdings Inc     JNY        6.13     12.66 11/15/2034
Nine West Holdings Inc     JNY        6.88     12.00  3/15/2019
Nine West Holdings Inc     JNY        8.25      9.32  3/15/2019
OMX Timber Finance
  Investments II LLC       OMX        5.54     10.13  1/29/2020
Orexigen Therapeutics Inc  OREX       2.75     34.00  12/1/2020
Orexigen Therapeutics Inc  OREX       2.75     39.82  12/1/2020
PaperWorks Industries Inc  PAPWRK     9.50     54.56  8/15/2019
PaperWorks Industries Inc  PAPWRK     9.50     54.61  8/15/2019
Powerwave
  Technologies Inc         PWAV       2.75      0.44  7/15/2041
Powerwave
  Technologies Inc         PWAV       3.88      0.44  10/1/2027
Powerwave
  Technologies Inc         PWAV       1.88      0.44 11/15/2024
Powerwave
  Technologies Inc         PWAV       3.88      0.44  10/1/2027
Powerwave
  Technologies Inc         PWAV       1.88      0.44 11/15/2024
Prospect Holding
  Co LLC / Prospect
  Holding Finance Co       PRSPCT    10.25     48.25  10/1/2018
Real Alloy Holding Inc     RELYQ     10.00     72.00  1/15/2019
Real Alloy Holding Inc     RELYQ     10.00     61.00  1/15/2019
Renco Metals Inc           RENCO     11.50     26.75   7/1/2003
Rex Energy Corp            REXX       6.25     32.34   8/1/2022
SAExploration
  Holdings Inc             SAEX      10.00     54.75  7/15/2019
SandRidge Energy Inc       SD         7.50      2.08  2/15/2023
Sears Holdings Corp        SHLD       8.00     44.27 12/15/2019
Sears Holdings Corp        SHLD       6.63     78.36 10/15/2018
Sears Holdings Corp        SHLD       6.63     78.36 10/15/2018
Sears Holdings Corp        SHLD       6.63     77.64 10/15/2018
SiTV LLC / SiTV
  Finance Inc              NUVOTV    10.38     69.00   7/1/2019
SiTV LLC / SiTV
  Finance Inc              NUVOTV    10.38     68.00   7/1/2019
TerraVia Holdings Inc      TVIA       5.00     10.25  10/1/2019
TerraVia Holdings Inc      TVIA       6.00      4.37   2/1/2018
Toys R Us - Delaware Inc   TOY        8.75     23.00   9/1/2021
Toys R Us Inc              TOY        7.38     30.00 10/15/2018
Transworld Systems Inc     TSIACQ     9.50     28.05  8/15/2021
Transworld Systems Inc     TSIACQ     9.50     27.64  8/15/2021
UCI International LLC      UCII       8.63      4.69  2/15/2019
United States Treasury
  Inflation Indexed
  Bonds - When Issued      WITII      0.88      0.97  2/15/2048
Walter Energy Inc          WLTG       8.50      0.83  4/15/2021
Walter Energy Inc          WLTG       9.88      0.83 12/15/2020
Walter Energy Inc          WLTG       9.88      0.83 12/15/2020
Walter Energy Inc          WLTG       9.88      0.83 12/15/2020
Walter Investment
  Management Corp          WAC        4.50     12.00  11/1/2019
iHeartCommunications Inc   IHRT      14.00      8.11   2/1/2021
iHeartCommunications Inc   IHRT       6.88     37.05  6/15/2018
iHeartCommunications Inc   IHRT      14.00      8.19   2/1/2021
iHeartCommunications Inc   IHRT      14.00      8.19   2/1/2021


                            *********

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
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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
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Each Friday's edition of the TCR includes a review about a book of
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available at your local bookstore or through Amazon.com.  Go to
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Monthly Operating Reports are summarized in every Saturday edition
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The Sunday TCR delivers securitization rating news from the week
then-ending.

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Point your Web browser to http://TCRresources.bankrupt.com/and use
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                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 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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