TCR_Public/180227.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, February 27, 2018, Vol. 22, No. 57

                            Headlines

2424 ESSE: Wants Finance Pact With First Insurance Funding OK'd
499 WEST 158TH: Case Summary & 3 Unsecured Creditors
ACADIANA MANAGEMENT: PCO Files 3rd Interim Report for Houma
ACADIANA MANAGEMENT: PCO Files 3rd Interim Report for Lafayette
ACLARA TECHNOLOGIES: Moody's Withdraws B3 Corporate Family Rating

ADVANCED ACCESS: Seeks Permission to Use Cash Collateral
ADVANCED PAIN: Trustee Taps Gorfine Schiller as Tax Consultant
AEROGROUP INT'L: Has Until April 16 to File Plan
ALL STAR MEDICAL: Plan Shows $126,560 Net Income After Payments
ALLY FINANCIAL: Posts $929 Million Net Income in 2017

ALTOMARE AUTO: Exclusive Plan Filing Extended Through May 21
AMERICAN FUEL: Taps SSG Advisors as Investment Banker
ANDERSON SHUMAKER: Disclosure Statement Hearing Set for March 6
APPVION INC: Kenneth Pasquale Represents 2nd Lien Noteholders
APPVION INC: U.S. Trustee Objects to Asset Sale Bid Procedures

AVALON MOBILITY: U.S. Trustee Unable to Appoint Committee
AVSC HOLDING: Shift in Debt Allocation No Impact on Moody's B3 CFR
AYTU BIOSCIENCE: Amends Prospectus on $12.4M Stock Offering
BALDWIN PARK: PCO Files Fourth 60-Day Report
BEST ROAD VIEW: Disclosure Statement Hearing Moved to Feb. 28

BESTWALL LLC: Future Claimants' Rep Taps Young Conaway as Counsel
BIOSTAGE INC: Closes $1 Million Private Placement
BK ENTERPRISES: Unsecured Creditors to Recoup 5% of Claim
BLACK MOUNTAIN: Wants to Move Plan Confirmation Period to Nov. 30
BLINK CHARGING: Closes $18.5M Public Offering and NASDAQ Listing

BLUE BUFFALO: Moody's Puts Ba2 CFR Under Review for Upgrade
BLUE RIDGE ARSENAL: Virginia Firearms Dealer Files Chapter 11
BOOZ ALLEN: Moody's Rates Amended 1st Lien Loan Due 2023 'Ba1'
BRAHM CORPORATION: Case Summary & 20 Largest Unsecured Creditors
BREVARD EYE: Plan Filing Exclusivity Period Extended Until April 27

BRIDGE ASSOCIATES: Case Summary & 4 Unsecured Creditors
BRIDGEPORT BIODIESEL: Cooking Oil Recycler Files for Chapter 11
BURROUGHS ROADHOUSE: May Use Cash, Obtain $177K Postpetition Debt
CAMBER ENERGY: Sells Additional $1M Worth of Preferred Shares
CAPITOL SUPPLY: Has Until March 5 to Exclusively File Plan

CAPTAIN NEMOS: Taps Schlaupitz & Madhavan as Accountant
CARVER BANCORP: Bank Gets OCC OK to Sell $19M Property to CHOMPOL
CC CARE LLC: Exclusive Plan Filing Deadline Extended Through May 31
CC CARE LLC: Needs More Time to Analyze Potential Exit Strategies
CGG HOLDING: Plan Declared Effective on Feb. 21

CHARGER ACQUISITION: S&P Assigns 'B' ICR, Outlook Negative
CHARMING CHARLIE: Can Poll Creditors, April 3 Plan Hearing Set
CHESAPEAKE ENERGY: Swings to $953 Million Net Income in 2017
CHINA FISHERY: Intercompany Claims Settlement Motion Filed
CLEARWATER SEAFOODS: License Loss No Impact on Moody's B2 Rating

COBALT INT'L: Files Second Amended Plan of Reorganization
COBALT INT'L: More Parties Object to Disclosure Statement
COBALT INTERNATIONAL: Cancels Offerings Under Registration Stmts.
COBALT INTERNATIONAL: Gets $150M Initial Payment from Sonangol
COLONIAL BANCGROUP: Ad Hoc Bondholders Group Taps Nelson Mullins

CONCORDIA INTERNATIONAL: Will Release 2017 Results on March 8
CONSOLIDATED AEROSPACE: Moody's Hikes CFR to B2; Outlook Stable
CUZCO DEVELOPMENT: Must Refund USTC for Rent Paid in Trust Fund
CYN RESTAURANTS: Allowed to Use Cash Collateral Until March 5
DAILY GAZETTE: Taps Dirks Van Essen as Broker

DE NOVO IMPORTS: Case Summary & 20 Largest Unsecured Creditors
DELTAVILLE BOATYARD: Has Court's Nod to Obtain DIP Financing
DEXTERA SURGICAL: Closes Sale of All Assets to Aesculap for $17M
DIAGNOSTIC CENTER: Taps McNair & Associates as Accountant
DPW HOLDINGS: Holds 8.8% Stake in WSI Industries as of Feb. 20

EAGLE REBAR: Voluntary Chapter 11 Case Summary
ELMIRA, NY: S&P Lowers General Obligation Debt Rating to 'BB+'
ENCORE PROPERTY: Chapter 11 Petition Dismissed as Bad Faith Filing
ENERGY FUTURE: Files 1st Amended Supplement to Reorg Plan
ENSEQUENCE INC: Wants Up To $250,000 Financing From Myrian Capital

EPV MERGER: Moody's Affirms B3 Corporate Family Rating
EXCO RESOURCES: Court Approves KERP for Non-Insider Employees
FAIRGROUNDS PROPERTIES: Steele Buying Hurricane Property for $109K
FBI WIND DOWN: Court Narrows Claims in Trustee Suit vs AAPP
FBI WIND DOWN: IDS Transfers Qualify as Avoidable Preferences

FC GLOBAL: RETPROP Will Acquire 3 Mississippi Properties for $3.5M
FIBRANT LLC: Case Summary & 20 Largest Unsecured Creditors
FIELDWOOD ENERY: Davis Polk Advises Administrative Agent
FIRST CAPITAL: January Use of Cash Collateral Approved
FREEDOM LEAF: Incurs $742,400 Net Loss in Second Quarter

FTS INTERNATIONAL: S&P Raises CCR to 'B' on Debt Reduction
FULTON MARKET: Case Summary & 6 Unsecured Creditors
GABRIELLE LAVERNE BROWN: Facility Still Under Temporary Suspension
GNC HOLDINGS: Fitch Ups IDR to B After Facility Amendment Results
GREEN PALLET: Taps Miller & Miller as Legal Counsel

GULFMARK OFFSHORE: Promotes S. Rubio to Chief Financial Officer
HANGER INC: Moody's Assigns B1 CFR; Outlook Stable
HAWKERS REALTY: Taps Baldwin Law Firm as Legal Counsel
HAWKERS REALTY: Taps Prince CPA Firm as Accountant
HS 45 JOHN: Bid to Dismiss Purchaser Lawsuit Denied

ICONIX BRAND: S&P Lowers CCR to 'SD' On Distressed Exchange
INSTITUTE OF CARDIOVASCULAR: April 17 Plan Confirmation Hearing Set
ION GEOPHYSICAL: Empery Asset Has 5.2% Stake as of Feb. 16
IVORY MERGER: Moody's Assigns 'B3' Corporate Family Rating
JOHN JOHNSON III: RFF Must Pay $522K for Automatic Stay Violation

JOHN Q. HAMMONS: Court Denies Approval of Disclosure Statement
KC7 RANCH: Has Approval on Agreed Interim Use of Cash Collateral
KRATON CORP: S&P Raises CCR to 'B+' & Rates New 1st-Lien Loan 'BB'
KRATON POLYMERS: Moody's Assigns Ba3 Ratings to Secured Loans
KUAKINI HEALTH: S&P Cuts 2002 Series A Revenue Bonds Rating to 'B'

LAYNE CHRISTENSEN: Cetus Capital III Has 8.7% Stake as of Feb. 15
LEADVILLE CORPORATION: M. S. Peters Named as Chapter 11 Trustee
LEGACY RESERVES: Posts $72.8 Million Net Loss in 2017
LEI TRANSPORTATION: U.S. Trustee Unable to Appoint Committee
LIL ROCK: Seeks July 6 Exclusive Plan Filing Period Extension

LOMBARD PUBLIC: Exclusive Plan Filing Period Moved to April 24
LONG BLOCKCHAIN: Appoints Shamyl Malik as New CEO
LONG BLOCKCHAIN: Cullen OKs Proposed Spin Off of Beverage Business
LONG BLOCKCHAIN: Denies Misleading Investors Amid Delisting Threat
LUCKY DRAGON: Vegas Resort Files Chapter 11 to Thwart Foreclosure

M & G USA: Needs More Time to Complete Sale of US Assets
MATTEL INC: Fitch Lowers IDR to B+; Outlook Negative
MEDAPOINT INC: Has Until March 29 to Exclusively File Plan
MEDICAL SOLUTIONS: Add-on Term Loan No Impact on Moody's B2 CFR
MICROVISION INC: Posts $24.2 Million Net Loss in Fiscal 2017

MONAKER GROUP: Starts Trading on NASDAQ Capital Market
NAKED BRAND: Amends Merger Agreement with Bendon Limited
NASRIN OIL: Given Until March 30 to Exclusively File Plan
NATURE'S DYNAMICS: Involuntary Chapter 11 Case Summary
NEUSTAR INC: Repricing Deal No Impact on Moody's 'B1' CFR

OCEAN BIDCO: Moody's Assigns B3 Corp. Family Rating; Outlook Stable
ON CALL FLAGGING: Court Grants S. Rummel Summary Judgment
OPENLINK INTERNATIONAL: S&P Assigns 'B-' CCR, Outlook Stable
PARAGON OFFSHORE: Inks Tender Offer Agreement with Borr Drilling
PARKWAY RADIOLOGY: May Use Cash Collateral Through May 31

PATRIOT NATIONAL: Hudson Bay Objects to Claims Mediation Motion
PHASERX INC: Incurs $821,526 Net Loss in January
PNEUMA INTERNATIONAL: March 27 Disclosure Statement Hearing Set
POSTO 9 LAKELAND: Has Until Feb. 28 to Exclusively File Plan
POSTO 9 LAKELAND: Wants to Move Plan Filing Deadline to Feb. 28

QUOTIENT LIMITED: Names Former Siemens Healthineers Exec. to Board
QUOTIENT LIMITED: Will Sell Its Biocampus Facility for GBP14.9M
RAND LOGISTICS: Creditors to Get 100% Under Prepackaged Plan
RAND LOGISTICS: US Trustee, et al., Object to Plan Disclosures
REDEEMED CHR. CHURCH: Case Summary & 6 Unsecured Creditors

REMARKABLE HEALTHCARE: Seeks Permission to Access Cash Collateral
RENNOVA HEALTH: Reduces Stake in NanoVibronix to 0.1% as of Feb. 14
RIZVI & COMPANY: Allowed to Use Cash Collateral Until March 31
RTR FARMS: Guaranty Bank Seeks Appointment Chapter 11 Trustee
SAILING EMPORIUM: Has Until May 1 to Exclusively File Plan

SENTRIX PHARMACY: Has Until April 16 to Exclusively File Plan
SEVEN STARS: Appoints BF Borgers as New Accountants
SHIEKH SHOES: Court Inked Final Cash Collateral Order
SOLARWINDS HOLDINGS: S&P Cuts 1st Lien Secured Debt Rating to 'B'
SUNSET PARTNERS: June 21 Continued Cash Collateral Hearing

SWIFT STAFFING: 9 Affiliates' Voluntary Chapter 11 Case Summary
TAKATA CORP: Davis Polk Advising Volkswagen on Restructuring
TK HOLDINGS: Statement on Chapter 11 Plan Confirmation
TOPS HOLDING: March 6 Meeting Set to Form Creditors' Panel
TOWN SPORTS: Will Acquire Total Woman Gym and Spa for $8 Million

TRACY CLEMENT: Trustee's Sale of Absolute's Membership Units Okayed
US RAVE: Can Poll Creditors, Plan Approval Hearing on March 27
USI SERVICES: Wants Insurance Premium Finance Pact With FIRST
VESCO CONSULTING: 2nd Amended Reorganization Plan Confirmed
VIP RESORT: Taps J&L Unlimited as Bookkeeper

WEATHERFORD INTERNATIONAL: Has Cash Tender Offer for 9.625% Notes
WEATHERFORD INTERNATIONAL: Will Sell $600 Million of Senior Notes
WEINSTEIN CO: To Seek Ch.11 Protection After Sale Talks End
WET SEAL: Delays Plan to Pursue Avoidance Actions, Tax Refunds
WWLC INVESTMENT: Plan Confirmation Hearing Set for March 27

WWLC INVESTMENT: Wins Extension of Plan Exclusivity
YONG XIN: Needs More Time for Ocean View Estate Project OK
[*] Hunton & Williams, Andrews Kurth Kenyon Vote to Combine Firms
[*] James Snyder Joins Sidley Austin LLP as Partner
[*] Orange Lake to Sell $280,000 in Timeshare Loans

[*] Orange Lake to Sell $556,000 in Timeshare Loans
[^] Large Companies with Insolvent Balance Sheet

                            *********

2424 ESSE: Wants Finance Pact With First Insurance Funding OK'd
---------------------------------------------------------------
2424 Esse, LLC, asks the U.S. Bankruptcy Court for the District of
New Jersey to approve its commercial insurance premium finance
agreement with First Insurance Funding for continuation of the
Debtor's general property insurance coverage.

According to the Agreement, total premiums, taxes and fees is
$25,588.  Unpaid premium balance is $20,310.40.  Annual percentage
rate is 7.200%.  Payment of $2,324.95 is due monthly every 26th.
First payment is due March 26, 2018.  A late payment charge will be
assessed on any installment at least five days in default.  This
late charge will equal 5% of the delinquent installment or the
maximum late charge permitted by law, whichever is less.

The Debtor proposes to grant FIF a first priority security interest
in the Policy including (i) all money that is or may become due
under the Agreement because of a loss under the Policy that reduces
unearned premiums; (ii) any return of premiums or unearned premiums
under the Policy and (iii) any dividends that may become due the
Debtor in connection with the Policy.

The Debtor also proposes that National Railroad Passenger
Corporation (Amtrak) is authorized, but not obligated, to pay
premiums due under the Agreement but the Court has not made any
decision or determination as to the source of funds for Amtrak's
payment of premiums and, further, the respective positions of the
Debtor, Shore Community Bank and Amtrak as to right of Amtrak to
apply its rent to pay premiums are reserved.

Copies of the Agreement and proposed court order are available at:

         http://bankrupt.com/misc/njb16-34422-134-2.pdf
         http://bankrupt.com/misc/njb16-34422-134-3.pdf

                      About 2424 ESSE LLC

2424 ESSE, LLC, is a New Jersey limited liability company which
owns the real property located at 2424 East State Street Extension,
Hamilton Township, New Jersey.  The property consists of a 120,280
square foot industrial warehouse/manufacturing building located on
4.92 acres with 7,600 square feet of air conditioned office space
with private offices and an open administrative area.

2424 ESSE, LLC, filed a Chapter 11 petition (Bankr. D.N.J. Case No.
16-34422), on Dec. 27, 2016.  In the petition signed by Tammy
Alvarez-Olmeda, owner, the Debtor disclosed total assets of $4.37
million and total liabilities of $2.96 million.  The case is
assigned to Judge Kathryn C. Ferguson.  The Debtor is represented
by William Mackin, Esq., at Sherman Silverstein Kohl Rose &
Podolsky of Moorestown, New Jersey.

No trustee or examiner has been appointed in this case, and no
official committee of unsecured creditors has been appointed.


499 WEST 158TH: Case Summary & 3 Unsecured Creditors
----------------------------------------------------
Debtor: 499 West 158th Street Housing Development Fund Corporation
           dba 499 West 158th Street HDFC Corp.
        499 West 158th Street
        New York, NY 10032

Business Description: 499 West 158th Street Housing Development
                      Fund Corporation is an apartment building
                      operator in New York.  The Company listed
                      itself as a Single Asset Real Estate (as
                      defined in 11 U.S.C. Section 101(51B)).

Chapter 11 Petition Date: February 22, 2018

Case No.: 18-10463

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

Judge: Hon. Stuart M. Bernstein

Debtor's Counsel: Scott A. Steinberg, Esq.
                  LAW OFFICE OF SCOTT A. STEINBERG
                  167 Willis Avenue, Suite 1
                  Mineola, NY 11501
                  Tel: (516) 739-9600
                  Fax: (516) 522-2530
                  E-mail: ssteinberg@saslawfirm.net

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gary Pauyo, vice president.

A full-text copy of the petition containing, among other items, a
list of the Debtor's three unsecured creditors is available for
free at:

                   http://bankrupt.com/misc/nysb18-10463.pdf


ACADIANA MANAGEMENT: PCO Files 3rd Interim Report for Houma
-----------------------------------------------------------
Susan N. Goodman, the Patient Care Ombudsman for Acadiana
Management Group, LLC submits her third interim report of her
evaluation regarding the quality of patient care provided at AMG
Specialty Hospital - Houma.

The PCO reports that Houma facility reduced a few positions as it
aligned its staffing to lower budgeted 2018 census numbers.
Consolidations occurred in quality (CCO covering this role), food
services, facilities, and medical records. Facilities consolidation
occurred operationally as the full-time facilities/plant operations
team member moved to PRN status. Adequate coverage from the
remaining part-time team member with the PRN support was reported.

Based on remote monitoring, PCO has determined that Houma's census
was reported as between 20-23, consistent with census numbers
observed by PCO during the First and Second Report cycles. The team
is focused on maintaining and improving length-of-stay metrics as
the annual cost report year approaches in May 2018.

The Houma leadership team denied staff departures attributable to
the bankruptcy process. Some operational and performance clinical
departures were noted with nursing hiring continuing. Agency nurse
coverage of three to four shifts per week was reported while
replacement core staff recruitment continued. Leadership believes
sale confirmation will facilitate community stability perceptions
in the potential local workforce -- allowing for additional nursing
recruitment. Aid and monitor technician positions were reported as
fully staffed.

PCO has discussed quality metric date with the leadership team. Low
infection data was reported as continuing. Short stay outlier
metrics were the main concern. Bankruptcy-related supply challenges
were denied as was patient impact from any of the various national
supply challenges related to fluids, amino acids, and/or certain
scheduled narcotic medications.

The continued stability and transparency of the Houma team
supported the decision to file an interim remote-monitoring report.
Should sale confirmation slip, PCO will readdress the need for an
additional site visit to assess continued patient operations at
this location.

A full-text copy of the PCO's Third Interim Report - Houma is
available at:

       http://bankrupt.com/misc/lawb17-50799-737.pdf

                     About Acadiana Management

Acadiana Management Group LLC, founded in 1999, is a
privately-owned provider of post-acute health care services which
grew into a leading specialty organization, becoming a Top 5
post-acute hospital system nationally.  As of May 2017, AMG
included fourteen post-acute care hospitals and over 1,700
employees.  AMG's corporate office/management company is
headquartered in Lafayette, Louisiana.

Acadiana Management Group and several affiliates sought Chapter 11
bankruptcy protection (Bankr. W.D. La. Lead Case No. 17-50799) on
June 23, 2017.  The petitions were signed by August J. Rantz, IV,
president.  Acadiana Management estimated assets of less than
$50,000 and debt at $50 million and $100 million.

Judge Robert Summerhays presides over the cases.  

Gold, Weems, Bruser, Sues & Rundell, serves as the Debtors'
bankruptcy counsel.  Stout Risius Advisors, LLC and Stout Risius
Ross, LLC, are the Debtors' financial  advisors.

Susan Goodman was appointed as patient care ombudsman.

On July 28, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Heller, Draper,
Patrick, Horn & Manthey, L.L.C., is the Committee's counsel and d
Cohn Reznick, LLP, is its financial advisors.

                         *     *     *

The Debtors have filed a proposed Chapter 11 Plan of Orderly
Liquidation.  The key plan premise is that the Debtors' management
will create a new company ("NewCo") that will, in exchange for
contributing $3 million in cash to the Plan, and contributing two
non-debtor owned affiliate hospitals to NewCo, and the Agreement
for NewCo to collect Accounts Receivable owed to the Bankruptcy
Estates, receive six debtor operating entities constituting seven
Long Term  Acute Care Hospitals.


ACADIANA MANAGEMENT: PCO Files 3rd Interim Report for Lafayette
---------------------------------------------------------------
Susan N. Goodman, the Patient Care Ombudsman for Acadiana
Management Group, LLC, submits her third interim report of her
evaluation regarding the quality of patient care provided at AMG
Specialty Hospital - Lafayette at Park Place.

Consistent with PCO's Second Report recommendation this PCO Third
Interim Report - Lafayette is submitted based only on remote
monitoring discussions. Should the anticipated sale confirmation
date slip significantly, PCO may engage in a third site visit to
confirm Debtor's continued site stability at the Lafayette
location.

The Lafayette location continues to report stable census, length of
stay, and staffing data -- recently meeting its minimum length of
stay requirement in its annual cost report data.  Usage of
contracted agency staff was reduced with additional core nursing
staff hiring.  In contrast to the Indiana experience, long-term
visa-program nurses remain in place at Lafayette.  Recent staff
departures in respiratory therapy and medical records were not
bankruptcy related, with replacement coverage reported.

PCO reviewed quality data verbally with the CEO and clinical
leadership.  Chart delinquency rates discussed in PCO's Second
Report continued to improve significantly and food tray temperature
correction was noted with the replacement of a food warmer at the
host facility.  Additional nursing staff training and processes
were introduced in response to fourth quarter non-injury fall data.
No concerns noted.  Storage space is at a premium with the
completed move of human resource files and supplies from the main
campus facility during this reporting interim. Efforts to secure
additional space are underway.

With the consistency in reported census, staffing, and quality
data, PCO anticipates no further follow-up with this location
before sale confirmation. PCO will loop back with the Lafayette
location to ensure the 2015. Patient Notice Posting is taken down
after sale confirmation is completed.

A full-text copy of the PCO's Third Interim Report - Lafayette is
available at:

            http://bankrupt.com/misc/lawb17-50799-736.pdf

                     About Acadiana Management

Acadiana Management Group LLC, founded in 1999, is a
privately-owned provider of post-acute health care services which
grew into a leading specialty organization, becoming a Top 5
post-acute hospital system nationally.  As of May 2017, AMG
included fourteen post-acute care hospitals and over 1,700
employees.  AMG's corporate office/management company is
headquartered in Lafayette, Louisiana.

Acadiana Management Group and several affiliates sought Chapter 11
bankruptcy protection (Bankr. W.D. La. Lead Case No. 17-50799) on
June 23, 2017.  The petitions were signed by August J. Rantz, IV,
president.  Acadiana Management estimated assets of less than
$50,000 and debt at $50 million and $100 million.

Judge Robert Summerhays presides over the cases.  

Gold, Weems, Bruser, Sues & Rundell, serves as the Debtors'
bankruptcy counsel.  Stout Risius Advisors, LLC and Stout Risius
Ross, LLC, are the Debtors' financial  advisors.

Susan Goodman was appointed as patient care ombudsman.

On July 28, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Heller, Draper,
Patrick, Horn & Manthey, L.L.C., is the Committee's counsel and d
Cohn Reznick, LLP, is its financial advisors.

                         *     *     *

The Debtors have filed a proposed Chapter 11 Plan of Orderly
Liquidation.  The key plan premise is that the Debtors' management
will create a new company ("NewCo") that will, in exchange for
contributing $3 million in cash to the Plan, and contributing two
non-debtor owned affiliate hospitals to NewCo, and the Agreement
for NewCo to collect Accounts Receivable owed to the Bankruptcy
Estates, receive six debtor operating entities constituting seven
Long Term  Acute Care Hospitals.


ACLARA TECHNOLOGIES: Moody's Withdraws B3 Corporate Family Rating
-----------------------------------------------------------------
Moody's Investors Service has withdrawn all of its ratings and
outlook for Aclara Technologies, LLC.

Ratings Withdrawn:

Corporate Family Rating, previously rated B3

Probability of Default Rating, previously rated B3-PD

Senior Secured 1st Lien Term Loan, previously rated B3 (LGD4)

Outlook, previously Stable

RATINGS RATIONALE

Moody's has withdrawn the ratings and outlook due to the term loan
being paid off. Aclara Technologies LLC was acquired by Hubbell
Incorporated.

Aclara Technologies, LLC is a global supplier of smart
infrastructure solutions to water, gas, and electric utilities.
Aclara solutions connect over 780 utilities in 36 countries through
automated meter reading by incorporating a range of sensors,
communications, and analytic technologies.


ADVANCED ACCESS: Seeks Permission to Use Cash Collateral
--------------------------------------------------------
Advanced Access Security Technology, Inc., seeks permission from
the U.S. Bankruptcy Court for the Northern District of Georgia to
use cash collateral to continue to operate its business and manage
its business affairs.

Advanced Access Security is an ongoing concern with approximately
$214,386 in receivables and regular ongoing income.  The same
serves as collateral for a loan with BFS Capital, Inc. and is
subject to a writ of fieri facias held by David Pearson
Communities, Inc., the judgment and lien of which are disputed.

Advanced Access Security seeks to use cash collateral for the
following purposes:

      (a) Payment of employee payroll in the approximate amount of
$5,438.50 per week;

      (b) Payment to vendors for materials for pending, ongoing and
future projects;

      (c) Maintenance and repair of the machinery utilized by
Advanced Access Security;

      (d) Payment to the various utility services for utilities at
the business premises;

      (e) Pay for insurance policies insuring the business; and

      (f) Pay for ongoing tax obligations.

Advanced Access Security has immediate need to utilize cash
collateral which is necessary to avoid immediate and irreparable
harm to the estate. Without such use of cash collateral to retire
its ongoing expenses, including retirement of long-term debt and
repairs to property occupied by Advanced Access Security, both the
Debtor and the bankruptcy estate would be irreparably harmed.

A full-text copy of the Debtor's Motion is available at

         http://bankrupt.com/misc/ganb18-52652-4.pdf

                      About Advanced Access

Advanced Access Security Technology, Inc., filed a Chapter 11
petition (Bankr. N.D. Ga. Case No. 18-52652) on Feb. 15, 2018.  It
continues to operate its business and manage its affairs as
debtor-in-possession.  Advanced Access Security is represented by
B. Glen Johnson, Esq., at EDWARDS & JOHNSON, LLC, in Canton,
Georgia.


ADVANCED PAIN: Trustee Taps Gorfine Schiller as Tax Consultant
--------------------------------------------------------------
The Chapter 11 trustee for Advanced Pain Management Services, LLC,
seeks approval from the U.S. Bankruptcy Court for the District of
Maryland to hire a tax consultant.

Alan Grochal, the bankruptcy trustee, proposes to hire Gorfine,
Schiller & Gardyn, P.A., in connection with certain irregularities
from the company's filings that predated the appointment of the
trustee.  The firm may be required to take corrective measures or
prepare amended tax returns for APMS and its affiliates, according
to court filings.

The firm's hourly rates range from $125 to $650.

Gorfine does not represent or hold any interest adverse to the
Debtors and their estates or creditors, according to court filings.


The firm can be reached through:

     John Lyons
     Gorfine, Schiller & Gardyn, P.A.
     10045 Red Run Blvd., Suite 250
     Owings Mills, MD 21117
     Tel: (410) 356-5900
     Fax: (410) 581-0368

                 About Advanced Pain Management

Advanced Pain Management Services, LLC --
http://www.americanspinemd.com/-- is a small business debtor as
defined in 11 U.S.C. Section 101(51D), engaged in the health care
business.  The Company collected gross revenue for $9.97 million in
2016 and gross revenue of $10.65 million in 2015.

Advanced Pain Management Services filed a Chapter 11 petition
(Bankr. W.D. Ky. Case No. 17-30863) on March 16, 2017.  In the
petition signed by Khalid Kahloon, CEO and general counsel, the
Debtor disclosed $1.84 million in total assets and $2.50 million in
total liabilities.  The Kentucky case was assigned to Judge Thomas
H. Fulton.  APMS was represented by James Edwin McGhee, III, Esq.
at Kaplan & Partners LLP.

Advanced Anesthesiology Associates LLC (Bankr. D. Md. Case No.
17-18849), Advanced Pain Surgery Center, LLC (Bankr. D. Md. Case
No. 17-18850) and American Spine Surgery Center LLC (Bankr. D. Md.
Case No. 17-1885) collectively operate a medical practice
specializing in pain management in Frederick, Maryland and in
Waldorf, Maryland.

On May 1, 2017, the APMS case was transferred to the District of
Maryland (Bankr. D. Md. Case No. 17-16047).  The Maryland petition
disclosed under $1 million in both assets and liabilities.  The
petition was filed pro se.

Bankruptcy Judge Thomas J. Catliota presides over the Maryland
cases.

On May 11, 2017, the Court entered an order approving the
appointment of Alan M. Grochal as Chapter 11 trustee.


AEROGROUP INT'L: Has Until April 16 to File Plan
------------------------------------------------
The Hon. Kevin J. Carey of the U.S. Bankruptcy Court for the
District of Delaware has extended, at the behest of Aerogroup
International, Inc., and affiliates, the exclusive periods to file
a chapter 11 plan or plans and to solicit acceptances of the
plan(s) for approximately 90 days through and including April 16,
2018, and June 12, 2018, respectively.

As reported by the Troubled Company Reporter on Jan. 19, 2018, the
Debtors asked for the extensions, asserting that their efforts
throughout these Chapter 11 cases have been focused upon the
execution of a comprehensive reorganization to maximize the value
of the Debtors' assets for the benefit of its creditors.  

                 About Aerogroup International

Aerogroup International, Inc. -- http://www.aerosales.com/-- was
established in 1987 through a buyout of the What's What division of
Kenneth Cole.  Doing business as Aerosoles, the company is a New
Jersey-based women's footwear brand offering a wide array of
footwear, including heels, flats, wedges, boots and sandals that
appeal to broad consumer tastes.

With plans to close 74 of 78 stores they are operating, Aerogroup
International, Inc., and five affiliated debtors each filed a
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Lead Case No. 17-11962) on Sept. 15, 2017.

The cases are pending before the Honorable Kevin J. Carey.

Aerosoles disclosed $73 million in assets and $109 million in
liabilities as of the Petition Date.

Aerosoles' legal advisor in connection with the restructuring is
Ropes & Gray LLP.  The Debtors hired Bayard, P.A., as co-counsel;
Berkeley Research Group, LLC as restructuring advisor; and
EisnerAmper, LLC, as accountant. Hilco Merchant Resources is
assisting on store closings.  Prime Clerk LLC is the claims and
noticing agent.

On Sept. 26, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  No trustee or examiner
has been appointed.


ALL STAR MEDICAL: Plan Shows $126,560 Net Income After Payments
---------------------------------------------------------------
All-Star Medical, Inc., filed with the U.S. Bankruptcy Court for
the District of Alabama an amended disclosure statement in
connection with its Amended Chapter 11 Plan of Reorganization dated
Dec. 29, 2017.

The Debtor, by continuing to operate its business, has increased
the likelihood of the success of the Plan. Debtor will implement
the terms of the Plan by making payments to creditors from Debtor's
post-petition income. By restructuring its debt the Debtor has
increased the likelihood of the success of the Plan. The Debtor's
operating statements filed with the Court support the Debtor's
ability to make the plan payments and therefore the plan is
feasible.

Additionally, the Debtor provides a 13 week rolling cash flow
budget which estimates the Debtor's income and expenses on a going
forward basis over a recent 13 week period.  Based on the based on
this 13 week rolling cash flow, the Debtor's income and expenses
including plan payments show a net income of $126,560.

Class 2 consists of all allowed general unsecured claims which are
impaired by the Plan.  The total amount of unsecured claims exceeds
$550,000, arising from personal guarantees, the rejection of
executory contracts, unexpired lease claims, deficiencies on
secured claims, contract damage claims or open account claims and
damages arising from or related to any liquidated or contingent
claim. It also includes any debt which is filed as a priority or
secured claim but, which is allowed as an unsecured claim by the
Bankruptcy Court.

Holders of general unsecured claims without priority which are
Allowed Claims as determined on or before the Effective Date of the
Plan will be paid on a pro rata distribution from the Debtors'
future net income.  The Debtor reasonably believes that creditors
in this class will receive a distribution equal to no less 10% of
their Allowed Claim.  Allowed Class 2 Claims will receive monthly
payments starting on the Effective Date of the Plan over a period
of sixty consecutive months.

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

          http://bankrupt.com/misc/alnb17-82507-98.pdf

                     About All Star Medical

All Star Medical, LLC -- http://www.allstarmedical.com/-- is a
locally owned and operated medical equipment company located in
Albertville, Cullman, Huntsville and Madison, Alabama.  It is a
durable medical equipment company.  It provides home medical
equipment and medical supplies like respiratory equipment,
wheelchairs, hospital beds and medical supplies to patients
throughout north Alabama.  It has offices in Albertville, Cullman,
Huntsville, and Madison.  Its main office is located at 2407 South
Memorial Parkway, Huntsville, Alabama 35805.

All Star Medical filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Ala. Case No. 17-82507) on Aug. 24, 2017.  In the petition
signed by Philip Garmon, owner, the Debtor disclosed $1.37 million
in total assets and $2.12 million in total liabilities.  The Hon.
Clifton R. Jessup Jr. presides over the case.  Kevin D. Heard,
Esq., at Heard, Ary & Dauro, LLC, serves as the Debtor's bankruptcy
counsel.


ALLY FINANCIAL: Posts $929 Million Net Income in 2017
-----------------------------------------------------
Ally Financial Inc. filed with the Securities and Exchange
Commission its annual report on Form 10-K reporting net income of
$929 million on $8.32 billion of total financing revenue and other
interest income for the year ended Dec. 31, 2017, compared to net
income of $1.06 billion on $8.30 billion of total financing revenue
and other interest income for the year ended Dec. 31, 2016.

As of Dec. 31, 2017, Ally Financial had $167.14 billion in total
assets, $153.65 billion in total liabilities and $13.49 billion in
total equity.

The Company earned net income from continuing operations of $926
million for the year ended Dec. 31, 2017, compared to $1.1 billion
for the year ended Dec. 31, 2016.  During the year ended Dec. 31,
2017, results were favorably impacted by higher net financing
revenue across all lending operations resulting from a continued
focus on optimizing portfolio growth through pricing actions and
originating loans across a broader credit spectrum within its
Automotive Finance operations, and growth within its Mortgage
Finance and Corporate Finance operations.  Higher investment
securities balances and a more favorable interest rate environment
also contributed to higher yields on its earnings assets.  Results
were also favorably impacted by higher gains on the sale of
automotive loans and higher insurance premiums and service revenue
earned.  These items were more than offset by runoff in its legacy
GM operating lease portfolio, higher provision expense related to
its focus on originating across a broader credit spectrum with
appropriate risk-adjusted returns, and estimated impacts from
hurricane related activity during the third quarter of 2017.
Results were also unfavorably impacted by higher noninterest
expense to support the launch and growth of its consumer and
commercial product offerings, technology and digital investments,
and lower realized gains on investments.  Additionally, net income
was unfavorably impacted by $119 million of income tax expense
driven primarily by a one-time impact of the passage of tax reform
legislation during the fourth quarter of 2017 as further described
in Note 23 to the Consolidated Financial Statements, and a
nonrecurring tax benefit in the second quarter of 2016 due to a
U.S. tax reserve release related to a prior-year federal return
that reduced our liability for unrecognized tax benefits by $175
million, both of which were partially offset by changes to its
valuation allowance relating to capital-in-nature deferred tax
assets and foreign tax credit carryforwards.

Net financing revenue and other interest income increased $314
million for the year ended Dec. 31, 2017, compared to the year
ended Dec. 31, 2016.  Income from the Company's portfolio of
investment securities and other earning assets, including cash and
cash equivalents, increased $204 million for the year ended
Dec. 31, 2017, due primarily to growth of investment securities
balances as we continue to utilize this portfolio to manage
liquidity and generate a stable source of income.  Net financing
revenue and other interest income from its Automotive Finance
operations increased, despite continued runoff of its legacy GM
lease portfolio, which the Company expects to be substantially
wound-down by the second quarter of 2018.  Retail automotive
financing revenue continued to benefit from our pricing actions and
efforts to reposition its origination profile to focus on capital
optimization and risk-adjusted returns, as well as higher average
retail asset levels.  Commercial automotive financing revenue also
increased during the period due to higher benchmark interest rates
and an increase in average outstanding floorplan assets.  Net
financing revenue and other interest income within its Mortgage
Finance operations was favorably impacted in 2017 by increased
portfolio loan balances as a result of bulk purchases of
high-quality jumbo and LMI mortgage loans and direct-to-consumer
originations.  Net financing revenue and other interest income
within the Company's Corporate Finance operations was favorably
impacted in 2017 by its strategy to responsibly grow assets and our
product suite within existing verticals while selectively pursuing
opportunities to broaden industry and product diversification.
Total interest expense increased 9% for the year ended Dec. 31,
2017, compared to the year ended Dec. 31, 2016. While the Company
continues to shift borrowings toward more cost-effective deposit
funding and to reduce its dependence on market-based funding
through reductions in higher-cost secured and unsecured debt,
interest expense increased as a result of higher borrowing levels
to support the business and due to higher market rates across
funding sources.  Its total deposit liabilities increased to $93.3
billion as of Dec. 31, 2017, as compared to $79.0 billion as of
Dec. 31, 2016.

                     Funding and Liquidity

Ally stated that, "Our funding strategy largely focuses on
maintaining a diversified mix of retail and brokered deposits,
public and private asset-backed securitizations, committed credit
facilities, and public unsecured debt.  These funding sources are
managed across products, markets, and investors to enhance funding
flexibility and limit dependence on any one source, resulting in a
more cost-effective long-term funding strategy.

"Prudent expansion of asset originations at Ally Bank and continued
growth of a stable deposit base continues to be the cornerstone of
our long-term liquidity strategy.  Retail deposits provide a
low-cost source of funds that are less sensitive to interest rate
changes, market volatility, or changes in our credit ratings than
other funding sources.  At December 31, 2017, deposit liabilities
totaled $93.3 billion, which reflects an increase of $14.2 billion.
During the year, deposits as a percentage of total liability-based
funding increased nine percentage points to 63% at December 31,
2017.

"In addition to building a larger deposit base, we continue to
remain active in the securitization markets to finance our
automotive loan portfolios.  During 2017, we issued $7.3 billion in
secured funding backed by retail automotive loans, leases, and
dealer floorplan automotive assets.  Secured funding transactions
continue to be an attractive source of funding due to continued
securitization structural efficiencies and the established market.
Additionally, for retail loans and leases, the term structure of
the transaction locks in funding for a specified pool of loans and
leases.  Once a pool of retail automotive loans is selected and
placed into a securitization, the underlying assets and
corresponding debt amortize simultaneously resulting in committed
and matched funding for the life of the asset.  We manage the
execution risk arising from secured funding by maintaining a
diverse investor base and maintaining committed secured
facilities.

"As we continue to migrate assets to Ally Bank and grow our bank
funding capabilities, our reliance on parent company liquidity has
been reduced.  At December 31, 2017, 82% of Ally's total assets
were within Ally Bank.  This compares to approximately 75% as of
December 31, 2016.  Funding sources at the parent company generally
consist of longer-term unsecured debt, asset-backed
securitizations, and private committed credit facilities.  At
December 31, 2017, we had $3.6 billion and $1.7 billion of
unsecured long-term debt principal maturing in 2018 and 2019,
respectively.  We plan to reduce our reliance on market-based
funding and continue to replace a significant portion of our
unsecured term debt with lower cost deposit funding.

"The strategies outlined above have allowed us to build and
maintain a conservative liquidity position.  Total available
liquidity at December 31, 2017, was $18.1 billion.  Absolute levels
of liquidity decreased during 2017 as a result of liability and
equity management transactions.

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

                     https://is.gd/2QC0py

                     About Ally Financial

Ally Financial Inc. (NYSE: ALLY), formerly GMAC Inc., is a digital
financial services company and a top 25 U.S. financial holding
company offering financial products for consumers, businesses,
automotive dealers and corporate clients.  Ally's legacy dates back
to 1919, and the company was redesigned in 2009 with a distinctive
brand, innovative approach and relentless focus on its customers.
Ally has an award-winning online bank (Ally Bank Member FDIC and
Equal Housing Lender), which offers deposit, mortgage and credit
card products, one of the largest full service auto finance
operations in the country, a complementary auto-focused insurance
business, a growing digital wealth management and online brokerage
platform, and a trusted corporate finance business offering capital
for equity sponsors and middle-market companies.

GMAC obtained a $17 billion bailout from the U.S. government in
exchange for a 56.3 percent stake while allowing private equity
firm Cerberus Capital Management LP to keep 14.9 percent, and
General Motors Co. owning 6.7 percent.


ALTOMARE AUTO: Exclusive Plan Filing Extended Through May 21
------------------------------------------------------------
The Hon. John K. Sherwood of the U.S. Bankruptcy Court for the
District of New Jersey has extended, at the behest of Altomare Auto
Group, LLC, d/b/a Union Volkswagen, the exclusive period for filing
a Plan of Reorganization through and including May 21, 2018, and
the exclusive period in which to obtain confirmation of a Plan of
Reorganization through and including July 22, 2018.

As reported by the Troubled Company Reporter on Jan. 30, 2018, the
Debtor sought for exclusivity extension because there was
insufficient time before its current exclusivity -- period Feb. 21
and April 22, 2018, respectively -- expires to prepare, circulate
and file a Plan of Reorganization and Disclosure Statement in this
case.  

The Debtor has taken substantial steps to streamline its business,
disposing of excess inventory, and processing a sale of
substantially all of its assets.  The Debtor has resolved contested
secured claims and is in the process of pursuing litigation against
third parties in an attempt to increase available assets for
distribution to creditors.  The Debtor has filed four omnibus claim
objections resulting in a reduction of claims of record by over
$700,000.

The Debtor has spent the bulk of its time in Chapter 11 (i)
negotiating cash collateral arrangements with the secured
creditors, (2) negotiating and ultimately obtaining approval for a
sale of substantially all of the assets in this estate, (3)
engaging in the aforesaid litigation, and (4) objecting to claims.

According to the Debtor, additional time is necessary for the
Debtors to formulate a plan, now that there is more certainty as to
the prospects of, and timing for, distribution to creditors in this
case.  In the short period of time that the Debtor has been the
subject of these Chapter 11 proceedings, the Debtor has
accomplished a great deal.  The Debtor has negotiated a sale of
assets, and obtained an Order approving the sale of substantially
all of its assets.  The Debtor has resolved contested claims with
the secured and other creditors which will be satisfied through the
proceeds of sale derived from the sale of their assets.  The Debtor
has been actively and consistently engaged with creditors in an
effort to keep an open line of communication as to the progress of
this case.

Moreover, a mediation hearing is scheduled regarding the Volkswagen
litigation which, hopefully, will provide more certainty as to what
creditors may receive under a plan in this case.

                   About Altomare Auto Group

Altomare Auto Group, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.J. Case No. 16-22376) on June 27,
2016.  On June 30, 2016, Altomare 22 Union, LLC, filed a Chapter 11
petition (Bankr. D. N.J. Case No. 16-22628).  The cases are jointly
administered and are assigned to Judge John K. Sherwood.

In the petitions signed by Anthony Altomare, managing member,
Altomare Auto disclosed $9.04 million in assets and $12.78 million
in liabilities, and Altomare 22 disclosed $256,877 in assets and
$6.24 million in liabilities.

Daniel Stolz, Esq., at Wasserman, Jurista & Stolz, P.C., is the
Debtors' bankruptcy counsel.  The Debtors also tapped Arent Fox LLP
as special automotive counsel; BMC Group, Inc. as its noticing and
balloting agent; D.T. Murphy & Company as automotive consultants;
and WithumSmith & Brown as accountant.

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


AMERICAN FUEL: Taps SSG Advisors as Investment Banker
-----------------------------------------------------
American Fuel Cell and Coated Fabrics Company seeks approval from
the U.S. Bankruptcy Court for the Northern District of Texas to
hire SSG Advisors, LLC, as its investment banker.

The firm will assist the Debtor in reviewing private placement
alternatives, including raising debt or equity capital; help
restructure its balance sheet with existing stakeholders; and
facilitate the sale of all or part of the Debtor or its assets.

SSG is entitled to receive an initial fee of $15,000 due upon
approval of its employment agreement with the Debtor; and a monthly
fee of $10,000.

Under the terms of the employment agreement, SSG will receive a
financing fee, upon the closing of a financing transaction, equal
to the greater of $250,000 or 4% of the committed financing.  In
the event the Debtor's lender Amfuel Capital, LLC provides up to an
additional $1,000,000 of debtor-in-possession financing, SSG will
not be owed a financing fee.

SSG is entitled to a fee equal to $150,000 upon the closing of a
restructuring transaction.  The restructuring fee will be payable
in cash.

Meanwhile, the firm will be paid a fee, upon the consummation of a
sale transaction, equal to the greater of $300,000, or 5% of total
consideration up to $6,000,000.  The sale fee will be 7.5% if the
total amount is $6,000,001 to $8,000,000; and 10% if it is over
$8,000,001.  In the event the Debtor is acquired by Sowell Capital
or one its companies, then the sale fee will be reduced by 33%.

Mark Chesen, managing director of SSG, disclosed in a court filing
that his firm is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code.

SSG can be reached through:

     Mark Chesen
     SSG Advisors, LLC
     Five Tower Bridge, Suite 420
     300 Barr Harbor Drive
     West Conshohocken, PA 19428
     Tel: (610) 940-1094 / (610) 940-5801
     Fax: (610) 940-3875
     Email: mchesen@ssgca.com

                   About American Fuel Cell and
                      Coated Fabrics Company

Based in Wichita Falls, Texas, American Fuel Cell and Coated
Fabrics Company http://amfuel.com/-- is engaged in the
manufacturing of rubber products supplying fuel cells and flexible
liquid storage equipment for the defense and commercial
industries.

In 1917, American Fuel Cells and Coated Fabrics Company, formerly
known as Firestone Tire & Rubber Company, began as a supplier of
fuel cells to the U.S. Signal Corp. for aviation needs.

American Fuel Cell and Coated Fabrics Company filed a Chapter 11
petition (Bankr. N.D. Tex. Case No. 17-44766) on Nov. 26, 2017.  In
the petition signed by CEO and President Leonard J. Annaloro, the
Debtor estimated assets and estimated liabilities at $1 million to
$10 million each.  The case is assigned to Judge Mark X. Mullin.
The Debtor is represented by Robert J. Forshey, Esq., and Matthias
Kleinsasser, Esq. Forshey & Prostok LLP.  


ANDERSON SHUMAKER: Disclosure Statement Hearing Set for March 6
---------------------------------------------------------------
Bankruptcy Judge Donald R Cassling in Chicago has granted the
request of Anderson Shumaker Company for an extension of time to
file a Chapter 11 plan and disclosure statement.  Judge Cassling
gave the Debtor until March 2, 2018, to file a revised plan and
disclosure statement.

Judge Cassling also set the hearing to consider approval of the
Amended Plan and Disclosure Statement for March 6 at 10:00 a.m.

The Debtor also sought and obtained an Eleventh Interim Order
Granting in Part, Continuing Motion To Use Cash Collateral.  The
Court will hold another hearing for March 13 to consider the
continued use of Cash Collateral.

As reported by the Troubled Company Reporter on Feb. 9, 2018, Class
4 - General Unsecured Claims against Anderson Shumaker will be
repaid 10%, on a quarterly basis, over a five-year period,
commencing with the first quarter 60 days after the effective date
of the plan of reorganization, according to the Debtor's disclosure
statement filed in December.  Class 4 Claims are estimated to total
$2,200,000.

Class 1 - Bank and subsumed secured claims (Forest Bank and Trust
and SBA) will be amortized over a 20-year period at 6.25%, to be
paid monthly in the amount of $3,289 over five years from the
effective date.

The interest of Richard Tribble, consisting of 100% of the
shareholder interests in the Debtor, will be canceled.

Distributions under the Plan will be made from future operations.
According to the Plan outline, participants will place $600,000 as
new value to purchase the ownership interests of the
post-confirmation Reorganized Debtor.

A full-text copy of the Disclosure Statement dated Dec. 27 is
available at:

            http://bankrupt.com/misc/ilnb17-05206-159.pdf

                      About Anderson Shumaker

Based in Chicago, Illinois, Anderson Shumaker Company provides open
die forgings and custom forgings in various shapes and finishes
using stainless steel, aluminum, carbon steel and various grades of
alloy steel.

Anderson Shumaker filed a Chapter 11 petition (Bankr. N.D. Ill.
Case No. 17-05206) on Feb. 23, 2017.  In the petition signed by CEO
Richard J. Tribble, the Debtor estimated $1 million to $10 million
in assets and $10 million to $50 million in liabilities.

The case is assigned to Judge Donald R Cassling.

Scott R. Clar, Esq. and Brian P. Welch, Esq. at Crane, Heyman,
Simon, Welch & Clar serve as counsel to the Debtor.  The Debtor
tapped CFO Advise LLC as financial advisor and RSM US LLP as
accountant.  In September 2017, the Debtor sought approval to hire
Fort Dearborn Partners Inc. as its financial advisor, to provide
projections for its Chapter 11 plan of reorganization and to
perform financial functions required during the remainder of the
Debtor's bankruptcy case.

U.S. Trustee Patrick S. Laying on March 9, 2017, appointed five
creditors to serve on an official committee of unsecured creditors.
The committee members are: (1) Electralloy, G.O. Carlson, Inc.;
(2) Carlson Tool & Manufacturing Corp.; (3) Progressive Steel
Treating, Inc.; (4) Haynes International, Inc.; and (5) Ellwood
Group.

Shelly A. DeRousse, Esq., Devon J. Eggert, Esq., Elizabeth L.
Janczak, Esq., and Trinitee G. Green, Esq., at Freeborn & Peters
LLP, serve as counsel to the Committee.


APPVION INC: Kenneth Pasquale Represents 2nd Lien Noteholders
-------------------------------------------------------------
Stroock & Stroock & Lavan LLP and Young Conaway Stargatt & Taylor,
LLP, local counsel to the certain beneficial holders, or investment
advisors or managers of beneficial holders, who are holders of the
9.000% Second Lien Senior Secured Notes due 2020 issued under that
certain indenture, dated as of Nov. 19, 2013, by and among Appvion,
Inc., as issuer, the guarantors, and U.S. Bank National
Association, as trustee and collateral agent, filed on Oct. 25,
2017, filed a first supplemental verified statement pursuant to
Bankruptcy Rule 2019, stating that Kenneth Pasquale, Esq., at
Stroock is also representing the Ad Hoc Group and that the Firms
are also making changes to the disclosable economic interests of
Archer Capital Management, L.P., Barings LLC and MAK Capital One,
LLC.

As reported by the Troubled Company Reporter on Nov. 1, 2017, the
Firms filed on Oct. 25, 2017, a verified statement pursuant to Rule
2019 of the Federal Rules of Bankruptcy Procedure, stating that
Stroock is counsel for the Ad Hoc Group, and that Young Conaway is
local counsel.

As of the filing of this First Supplemental Verified Statement,
Stroock and Young Conaway represent the Ad Hoc Group in connection
with the Debtors' Chapter 11 cases.  In addition, as of the date of
this First Supplemental Verified Statement, the Ad Hoc Group, both
collectively and through its individual members, does not represent
or purport to represent any other creditors or entities in
connection with the Debtors' Chapter 11 cases.

Stroock and Young Conaway have been advised by the members of the
Ad Hoc Group that, as of Feb. 12, 2018, the individual members of
the Ad Hoc Group hold, or are the investment advisors or managers
for funds or accounts that hold, in the aggregate, claims against
or interests in the Debtors arising from:

     (i) the Second Lien Notes,

    (ii) the first lien term loans issued under that certain
         Credit Agreement, dated as of June 28, 2013 (as amended,
         supplemented, amended and restated or otherwise modified
         from time to time), by and among Appvion, Paperweight
         Development Corp. and the other guarantor parties
         thereto, Jefferies Finance LLC, as administrative agent,
         Fifth Third Bank as revolver agent, swing line lender and

         L/C issuer, the other lenders party thereto, and certain
         other parties thereto, and

   (iii) the debtor-in-possession financing pursuant to that
         certain Superpriority Senior Debtor-In-Possession Credit
         Agreement, dated as of Oct. 2, 2017 (as amended,
         supplemented, amended and restated or otherwise modified
         from time to time), among Appvion, as borrower,
         Paperweight Development Corp., Wilmington Trust, National

         Association, as administrative agent, the other lenders
         party thereto, and PJT Partners LP, as sole lead
         arranger.

Neither Stroock nor Young Conaway owns, nor has Stroock or Young
Conaway ever owned, any claims against or interests in the Debtors
except for claims for services rendered to the Ad Hoc Group.
However, each of Stroock and Young Conaway has sought to have its
fees and disbursements paid by the Debtors' estates pursuant to
title 11 of the U.S. Code or as otherwise permitted in the Debtors'
Chapter 11 cases.

The Ad Hoc Group and each member's nature and amount of all
disclosable economic interests include:

     1. Certain funds and accounts that are managed
        or advised by ADK Capital, LLC
        350 Lincoln Road
        2nd Floor
        Miami Beach, FL 33139

        $2 million principal amount of Second Lien Notes
      
     2. Certain funds and accounts that are managed
        or advised by ALJ Capital Management, LLC
        6300 Wilshire Boulevard
        Suite 700
        Los Angeles, CA 90048

        $5.5 million principal amount of Second Lien Notes

     3. Certain funds and accounts that are managed
        or advised by Archer Capital Management, L.P.
        570 Lexington Avenue
        40th Floor
        New York, NY 10022

        $26,085,000 principal amount of Second Lien Notes
        $9,753,017.78 principal amount of Term Loans
        $3,126,683.00 principal amount of DIP Loans

     4. Certain funds and accounts that are managed
        or advised by Armory Advisors, LLC
        999 Fifth Avenue
        Suite 450
        San Rafael, CA 94901

        $2 million principal amount of Second Lien Notes

     5. Certain funds and accounts that are managed
        or advised by Barings LLC
        550 South Tryon Street
        Suite 3300
        Charlotte, NC 28202

        $81.93 million principal amount of Second Lien Notes
        $3,818,483.31 principal amount of Term Loans
        $1,351,337.84 principal amount of DIP Loans

     6. Certain funds and accounts that are managed
        or advised by Mackenzie Investments
        180 Queen Street West
        Toronto, ON M5V 3K1, Canada

        $8,832,000 principal amount of Second Lien Notes
    
     7. Certain funds and accounts that are managed
        or advised by MAK Capital One, LLC
        590 Madison Avenue
        24th Floor
        New York, NY 10022

        $38.63 million principal amount of Second Lien Notes

     8. Certain funds and accounts that are managed
        or advised by Nomura Corporate Research and
        Asset Management
        309 West 49th Street
        19th Floor
        New York, NY 10019

        $27,035,000 principal amount of Second Lien Notes

     9. Certain funds and accounts that are managed
        or advised by Riva Ridge Master Fund, Ltd
        55 Fifth Avenue
        Suite 1808
        New York, NY 10003

        $4 million principal amount of Second Lien Notes

    10. Certain funds and accounts that are managed
        or advised by Rotation Capital Management, L.P.
        489 Fifth Avenue
        11th Floor
        New York, NY 10017

        $26 million principal amount of Second Lien Notes

    11. Certain funds and accounts that are managed
        or advised by Scott's Cove Management LLC
        400 Madison Avenue
        10th Floor
        New York, NY 10017

        $8,683,000 principal amount of Second Lien Notes  
Mr. Pasquale can be reached at:

     Kenneth Pasquale, Esq.
     STROOCK & STROOCK & LAVAN LLP
     180 Maiden Lane
     New York, New York 10038
     Tel: (212) 806-5400
     Fax: (212) 806-6006

A copy of the statement is available at:

         http://bankrupt.com/misc/deb17-12082-441.pdf

                      About Appvion, Inc.

Appvion, Inc. -- http://www.appvion.com/-- produces thermal,
carbonless, security, inkjet, digital specialty, and colored
papers.  The Company is the largest manufacturer of direct thermal
paper in North America.  Headquartered in Appleton, Wisconsin,
Appvion operates coating and converting plants there and in West
Carrollton, Ohio and a pulp and paper mill in Roaring Spring,
Pennsylvania.  The Company employs approximately 1,400 people and
is 100% employee-owned.

On Oct. 1, 2017, Appvion, Inc., and 5 affiliated debtors each filed
a voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Lead Case No. 17-12082).  The cases are
pending before the Honorable Kevin J. Carey.

Appvion Inc. disclosed total assets of $413,430,904 and total
liabilities of $714,758,194 as of Aug. 31, 2017.

DLA Piper is serving as legal counsel to Appvion, Guggenheim
Securities LLC is serving as the Company's investment banker, and
Alan Holtz of AlixPartners is serving as the Company's Chief
Restructuring Officer.  Prime Clerk LLC is the claims and noticing
agent.

Andrew Vara, acting U.S. trustee for Region 3, on Oct. 11, 2017,
appointed seven creditors to serve on the official committee of
unsecured creditors in the Chapter 11 cases of Appvion, Inc., and
its affiliates.  The Committee hired Lowenstein Sandler LLP, as
counsel, Klehr Harrison Harvey Branzburg LLP, as Delaware
co-counsel.


APPVION INC: U.S. Trustee Objects to Asset Sale Bid Procedures
--------------------------------------------------------------
BankruptcyData.com reported that the U.S. Trustee assigned to the
Appvion case filed with the U.S. Bankruptcy Court an objection to
the Company's proposed bidding procedures and stalking horse
protections.  

The Debtors seek pre-approval of a Break-Up Fee of 1.5% of the
aggregate purchase price, together with an Expense Reimbursement of
up to $500,000 (collectively, the 'Stalking Horse Protections'),
payable to the Stalking Horse upon the sale of the assets to a
competing bidder or the Debtors' filing of a plan of reorganization
that does not contemplate sale of the Debtors' assets to the
Stalking Horse.

According to the U.S. Trustee, "[W]hile break-up fees serve as
'protections' to a stalking horse purchaser, they concomitantly
serve as 'discouragements' to potential bidders who would only be
permitted to transact business on a playing field that is tilted in
favor of the stalking horse.  Break-up fees are permitted, if at
all, only when the Court has determined that they were an actual
and necessary cost and expense of preserving the estate.  The
Debtors commit a logical fallacy by asserting that the proposed
Stalking Horse Protections induced the Stalking Horse - in this
case, the DIP Lenders, collectively - to make an initial bid and
establish a floor price for the Debtors' assets.  The DIP Lenders
were already induced to bid on all of the Debtors' assets by their
own need to liquidate their collateral at the lowest possible cost.
The Debtors commit a second logical fallacy by asserting that the
proposed Stalking Horse Protections are appropriate because the DIP
Lenders' bid establishes a 'floor' on the sale price of the
Debtors' assets, enabling the Debtors to seek better offers without
losing the DIP Lenders' purchase commitment.  The DIP Lenders hold
a fist lien on substantially all of the Debtors' assets.  Their
stalking hose bid merely establishes the lowest price that the DIP
Lenders will accept to release
their liens on the subject assets.  At any lesser price, the DIP
Lenders can simply reject all purchase offers and foreclose on
their collateral."

                       About Appvion Inc.

Appvion, Inc. -- http://www.appvion.com/-- produces thermal,
carbonless, security, inkjet, digital specialty, and colored
papers.  The Company is the largest manufacturer of direct thermal
paper in North America.  Headquartered in Appleton, Wisconsin,
Appvion operates coating and converting plants there and in West
Carrollton, Ohio and a pulp and paper mill in Roaring Spring,
Pennsylvania. The Company employs approximately 1,400 people and is
100% employee-owned.

Appvion, Inc. and five affiliated debtors each filed a voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
D. Del. Lead Case No. 17-12082) on Oct. 1, 2017.  The cases are
pending before the Honorable Kevin J. Carey.

Appvion Inc. disclosed total assets of $413,430,904 and total
liabilities of $714,758,194 as of Aug. 31, 2017.

DLA Piper is serving as legal counsel to Appvion, Guggenheim
Securities LLC is serving as the Company's investment banker, and
Alan Holtz of AlixPartners is serving as the Company's Chief
Restructuring Officer.  Prime Clerk LLC is the claims and noticing
agent.

On Oct. 11, 2017, Andrew Vara, acting U.S. trustee for Region 3,
appointed an official committee of unsecured creditors.  The
Committee retained Lowenstein Sandler LLP, as counsel, Klehr
Harrison Harvey Branzburg LLP, as Delaware co-counsel.

On Dec. 1, 2017, the court appointed Justin R. Alberto as the fee
examiner.  He tapped Bayard, P.A., as legal counsel.



AVALON MOBILITY: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Avalon Mobility Inc. as of Feb.
21, 2018, according to a court docket.

                     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.  

The Debtor hired the Law Offices of C.R. Hyde, PLC as its
bankruptcy counsel, and Burris & MacOmber, PLLC as special counsel.


AVSC HOLDING: Shift in Debt Allocation No Impact on Moody's B3 CFR
------------------------------------------------------------------
Moody's Investors Service said the revision to the proposed
financing deal, which includes shifting $75 million of debt to the
first lien term loan and away from the second lien term loan, does
not change AVSC Holding Corp.'s B3 Corporate Family Rating, B3-PD
Probability of Default Rating, or the stable rating outlook. Also,
the B2 ratings are unchanged for the company's senior secured first
lien credit facilities, including its $100 million senior secured
first lien revolving credit facility expiring 2023 and its $1.105
billion (upsized from $1.030 billion) senior secured first lien
term loan due 2025. Finally, the company's $210 million (downsized
from $285 million) senior secured second lien term loan due 2025 is
unchanged at Caa2.

AVSC Holding Corp., operating under the brand name PSAV, is a
leading provider in the audiovisual and event experiences industry
delivering creative production, advanced technology and staging to
help its customers deliver more dynamic and impactful experiences
at their meetings, trade shows and special events. PSAV is the
event technology provider of choice at leading hotels, resorts and
convention centers. Its business model is based on long-term
partnerships with these venues, which establish PSAV as the
exclusive on-site provider of event technology services. The
company generated revenues of approximately $1.7 billion in fiscal
2017. The company has been owned by Goldman Sachs affiliate Broad
Street Principal Investments and Olympus Partners since Jan. 24,
2014.


AYTU BIOSCIENCE: Amends Prospectus on $12.4M Stock Offering
-----------------------------------------------------------
Aytu BioScience, Inc., filed with the Securities and Exchange
Commission an amendment no.1 to its Form S-1 registration statement
relating to the offering of shares of its common stock with a
proposed maximum aggregate offering price of $11.5 million.

Aytu Bioscience's common stock is listed on the NASDAQ Capital
Market under the symbol "AYTU."  On Feb. 20, 2018, the last
reported sale price of its common stock on the NASDAQ Capital
Market was $1.26.

The Company has granted a 45-day option to the representative of
the underwriters to purchase up to $875,000 worth of additional
shares of common stock solely to cover over-allotments, if any.

The sole book-running manager of the offering is Joseph Gunnar &
Co.  Fordham Financial Management acts as the lead manager.

A full-text copy of the Form S-1/A is available for free at:

                        https://is.gd/rv6Wf5

                       About Aytu BioScience

Englewood, Colorado-based Aytu BioScience, Inc. (OTCMKTS:AYTU) --
http://www.aytubio.com/-- is a commercial-stage specialty
healthcare company concentrating on developing and commercializing
products with an initial focus on urological diseases and
conditions.  Aytu is currently focused on addressing significant
medical needs in the areas of urological cancers, hypogonadism,
urinary tract infections, male infertility, and sexual
dysfunction.

Aytu BioScience reported a net loss of $22.50 million for the year
ended June 30, 2017, a net loss of $28.18 million for the year
ended June 30, 2016, and a net loss of $7.72 million for the year
ended June 30, 2015.

As of Dec. 31, 2017, the Company had $18.85 million in total
assets, $15.82 million in total liabilities and $3.03 million in
total stockholders' equity.

"[T]he Company had approximately $4.0 million in cash including
approximately $76,000 in restricted cash (that is expected to be
released in fiscal year 2018).  In addition, for the quarter ended
December 31, 2017, and for the most recent four quarters ended
December 31, 2017, we used an average of $3.2 million of cash per
quarter for operating activities.  Looking forward, we expect cash
used in operating activities to be in the range of historical usage
rates, therefore, indicating substantial doubt about the Company's
ability to continue as a going concern.  We expect to require a
cash infusion during the fourth quarter of fiscal year 2018 to
sustain operations," the Company stated in its quarterly report for
the period ended Dec. 31, 2017.


BALDWIN PARK: PCO Files Fourth 60-Day Report
--------------------------------------------
Joseph Rodrigues, the California State Long-Term Care Ombudsman and
appointed Patient Care Ombudsman in the Chapter 11 case of Baldwin
Park Congregate Home, Inc. submits to the U.S. Bankruptcy Court for
the Central District of California his fourth 60-day report.

Baldwin Park Congregate Home is located at 3462 Vineland Avenue,
Baldwin Park, California. The California Department of Public
Health, Licensing and Certification, licenses this facility as a
Congregate Living Health Facility (CLHF). The primary need of the
CLHF resident will be for availability of skilled nursing care on a
recurring, intermittent, extended, or continuous basis. This care
is less intense than that provided in general acute care hospitals
but more intense than that provided in skilled nursing facilities.

The licensed capacity of the facility is 12, with a current
occupancy of 12 as of February 5, 2018. During unannounced visits
and in review of the monthly staff schedules, the staffing appeared
sufficient to meet the needs of the residents, and the local
Ombudsman Program has not received any concerns involving vendors,
utilities, or external support factors that may impact resident
care.

On February 5, 2018, the Ombudsman representative made efforts to
communicate with Lucita Hakes from the Department of Public Health,
Los Angeles County Home Health Agency Unit, regarding the facility,
however was unable to do so. According to the Department of Public
Health: Health Facilities Consumer Information System website,
http://hfcis.cdph.ca.govthe most recent complaint, CA00558067, was
dated October 24, 2017 for concerns regarding Quality of Care and
Infection Control. The complaint was unsubstantiated.

The Local Ombudsman Program has conducted three visits during this
reporting period, covering December 2017, January and February
2018. During the three visits, the facility appeared to have
sufficient staff and there appeared to be sufficient fresh food and
gastrostomy tube (G-tube) formula.

The Ombudsman finds that the environment was clean, the facility
was a comfortable temperature, and there were no safety hazards
noted. The residents appeared comfortable and clean and did not
express any concern regarding their care or supervision.

During an unannounced visit, the Ombudsman representative observed
two concerns related to activities and unlocked medication carts.
The Ombudsman representative noted that the facility's activity
calendar had not been updated since November 2017. This concern had
previously been addressed by the Ombudsman representative with
Administrator Joseph Cambe. On January 23, 2018 the Ombudsman
representative again expressed the concern to the Administrator who
again stated that he would speak with activities staff to correct
the concern.

The Ombudsman representative also noted that two medication carts
were unlocked and left unattended posing a risk to the health and
safety of the residents. The Ombudsman representative brought the
concern to the attention of the charge nurse who immediately locked
the medication carts.

The Ombudsman representative also received a complaint from a
resident who requested that his feeding tube be reinserted as he
did not want to eat by mouth. The resident requested Long-Term Care
Ombudsman advocacy services to ensure his wishes were being
communicated to his physician. The Ombudsman representative
followed up with the charge nurse who reported that facility staff
had been in communication with the resident's physician and
resident’s medical insurance in efforts to comply with the
resident's request. The Ombudsman representative found that the
resident was transferred out of the facility due to a change in
condition prior to the resolution of the complaint.

The Patient Care Ombudsman has no recommendations to the Court at
this time.

A full-text copy of the PCO's Third Report is available at:

        http://bankrupt.com/misc/cacb17-13634-311.pdf

               About Baldwin Park Congregate Home

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

Baldwin Park Congregate Home filed for Chapter 11 bankruptcy
protection (Bankr. C.D. Cal. Case No. 17-13634) on March 24, 2017.
In the petition signed by CEO Eileen Cambe, the Debtor estimated
assets in the range of $0 to $50,000 and liabilities of up to $10
million.

The Hon. Julia W. Brand presides over the case.  

Giovanni Orantes, Esq., of Orantes Law Firm, is the Debtor's
counsel.

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


BEST ROAD VIEW: Disclosure Statement Hearing Moved to Feb. 28
-------------------------------------------------------------
Bankruptcy Judge Robert E Littlefield Jr of the U.S. Bankruptcy
Court for the Northern District of New York held a hearing on Feb.
14 to consider approval of the Amended Disclosure Statement
explaining the Chapter 11 plan of Best Road View, LLC.  The Court
continued the hearing for Feb. 28 at 10:30 a.m. at Albany Court
Room.

On Feb. 13, the Debtor filed an Amended Disclosure Statement.

Pursuant to the Amended Disclosure Statement, general unsecured
creditors of the Debtor are classified in Class 4 under the plan
and will receive a distribution of 5% of their allowed claims to be
distributed in five equal annual installments.

Payments will be made from the liquidation of the Debtor's
property.

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

     http://bankrupt.com/misc/nynb16-11968-00044.pdf

                About Best Road View, LLC

Best Road View, LLC filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D.N.Y. Case No.
16-11968) on October 28, 2016.  The Debtor is represented by
Michael Leo Boyle, Esq., at Tully Rinckey PLLC.


BESTWALL LLC: Future Claimants' Rep Taps Young Conaway as Counsel
-----------------------------------------------------------------
Sander Esserman, the proposed legal representative for future
claimants of Bestwall LLC, seeks approval from the U.S. Bankruptcy
Court for the Western District of North Carolina to hire legal
counsel.

Mr. Esserman proposes to hire Young Conaway Stargatt & Taylor, LLP,
to provide legal advice regarding his duties as representative for
persons that have not yet asserted an asbestos-related personal
injury claim against the Debtor; represent the future claimants in
the preparation and implementation of a plan of reorganization; and
provide other legal services related to the Debtor's Chapter 11
case.

The attorneys and paralegals designated to provide the services and
their hourly rates are:
  
     James Patton, Jr.    Partner     $1,250
     Edwin Harron         Partner       $845
     Sharon Zieg          Partner       $715
     Travis Buchanan      Associate     $460
     Jordan Sazant        Associate     $300
     Casey Cathcart       Paralegal     $255
     Lisa Eden            Paralegal     $255  

Edwin Harron, Esq., a partner at Young Conaway, disclosed in a
court filing that his firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

Young Conaway can be reached through:

     Edwin J. Harron, Esq.
     Young Conaway Stargatt & Taylor, LLP
     Rodney Square
     1000 North King Street
     Wilmington, DE 19801
     Tel: (302) 571-6600 / (302) 571-6703
     Fax: (302) 571-1253 / (302) 576-3298
     E-mail: eharron@ycst.com

                        About Bestwall LLC

Bestwall LLC -- http://www.Bestwall.com/-- was created in an
internal corporate restructuring and now holds asbestos
liabilities.  Bestwall's asbestos liabilities relate primarily to
joint systems products manufactured by Bestwall Gypsum Company, a
company acquired by Georgia-Pacific in 1965.  The former Bestwall
Gypsum entity manufactured joint compounds containing small amounts
of chrysotile asbestos; the manufacture of these
asbestos-containing products ceased in 1977.

Bestwall's non-debtor subsidiary, GP Industrial Plasters LLC,
"PlasterCo"), develops, manufactures, sells and distributes gypsum
plaster products, including gypsum floor underlayment, industrial
plaster, metal casting plaster, industrial tooling plaster, dental
plaster, medical plaster, arts and crafts plaster, pottery plaster
and general purpose plaster.

Bestwall LLC sought Chapter 11 protection (Bankr. W.D.N.C. Case No.
17-31795) on Nov. 2, 2017, in an effort to equitably and
permanently resolve all its current and future asbestos claims.

The Debtor estimated assets and debt of $500 million to $1 billion.
It has no funded indebtedness.

The Hon. Laura T. Beyer is the case judge.

The Debtor tapped Jones Day as general bankruptcy counsel;
Robinson, Bradshaw & Hinson, P.A., as local counsel; Schachter
Harris, LLP as special litigation counsel for medicine science
issues; King & Spalding as special counsel for asbestos matters;
and Bates White, LLC, as asbestos consultants. Donlin Recano LLC is
the claims and noticing agent.

On Nov. 8, 2017, the U.S. bankruptcy administrator appointed an
official committee of asbestos claimants in the Debtor's case.  The
Committee retained Montgomery McCracken Walker & Rhoads LLP as its
legal counsel, Hamilton Stephens Steele + Martin, PLLC and JD
Thompson Law as local counsel, FTI Consulting, Inc., as financial
advisor.

On Feb. 1, 2018, the Debtor filed a motion to appoint Sander L.
Esserman as the future claimants' representative in its case.


BIOSTAGE INC: Closes $1 Million Private Placement
-------------------------------------------------
Biostage, Inc. disclosed that the Securities Purchase Agreement
with Jinhui Liu has fully funded and closed.  Mr. Liu purchased in
a private placement 302,115 shares of the Company's common stock,
par value $0.01 per share at a purchase price of $3.31 per share
for gross proceeds to the Company of $1,000,000.  The shares were
sold without warrants.

Biostage CEO Jim McGorry commented, "This most recent round of
funding, builds on the December 2017 funding and the January
investment from Connecticut Children's to demonstrate Biostage's
continuing ability to fund our technologies through upcoming
scientific and clinical milestones and key value inflection points.
We believe tht Mr. Liu's investment at market price and without
warrants, indicates that investors are once again seeing the
medical value in our technology and it's broad market
opportunities."

                       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.


BK ENTERPRISES: Unsecured Creditors to Recoup 5% of Claim
---------------------------------------------------------
BK Enterprises, Inc., submitted to the U.S. Bankruptcy Court for
the District of Massachusetts a disclosure statement in connection
with the solicitation of acceptances of the Plans of Reorganization
from creditors.

The Debtor has sought and obtained a Court Order fixing March 1,
2018 as the date by which all holders of claims against the Debtor
arising before the Filing Date whose claims were not scheduled by
the Debtor, or who disagreed with the amount or nature of the claim
as scheduled by the Debtor, must file their claim.

Class One consists of all general unsecured claims against the
Debtor, including, without limitation, claims based on the
rejection of executory contracts or unexpired leases, and claims
for damages to person or property based on strict liability,
negligence or breach of a warranty, express or implied, relative to
services rendered or products delivered by the Debtor but excluding
claims of Insiders.

Non-Insider, unsecured creditor claimants owed or scheduled as owed
by the Debtor on the Petition Date and as of the Bar Date were in
the approximate sum of $61,854. However, based upon the proofs of
claim filed, the sums due to Class One Claimants are $35,118.

The Class One Claimants will receive a two time pro rata dividend
distribution on the sums net payment of the Administrative,
Priority and Tax Claims upon the Effective Date of Confirmation of
the Plan. Each claimant is contemplated to receive a dividend
distribution of approximately 5% of the claim. The claims of the
Class One creditors are impaired.

To fund the sums needed for Confirmation including payment of the
Administrative claims, counsel to the Debtor will receive from
Debtor the first time payments for unsecured claims and the
one-time payment for priority claims thirty days before Plan
confirmation in the approximate amount of $1,784. The sums are
available and will be distributed upon the Effective Date of
Confirmation.

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

           http://bankrupt.com/misc/mab17-13197-51.pdf

                      About BK Enterprises

BK Enterprises, Inc., is a commercial painting company owned and
operated by Bertram Kline.  BK Enterprises filed a Chapter 11
bankruptcy petition (Bankr. D. Mass. Case No. 17-13197) on Aug. 29,
2017.  In the petition signed by Bertram Kline, as president, the
Debtor estimated under $100,000 in both assets and liabilities.
The Debtor hired Carmenelisa Perez-Kudzma, owner of Perez-Kudzma
Law Office, as counsel.


BLACK MOUNTAIN: Wants to Move Plan Confirmation Period to Nov. 30
-----------------------------------------------------------------
Black Mountain Golf and Country Club, Inc., asks the U.S.
Bankruptcy Court for the District of Nevada to extend the exclusive
period to confirm its plan of reorganization from May 31, 2018 to
Nov. 30, 2018.

The Debtor continues to work to remove the BLM reversionary
interests on its property and the Debtor's repurchase application
with BLM has progressed significantly.  The process involves: (a)
providing a fair market value appraisal of the property to be
repurchased, (b) review of the appraisal, (c) review at the local
(Las Vegas and Reno) level, (d) forwarding the application to the
Washington, D.C. office, (e) review at the Washington D.C. level,
(f) a 60-day publication period, and (g) documenting and
consummating the repurchase.

On March 24, 2017, the BLM approved the appraisal setting the value
of the BLM Property at $30.8 million.  On Aug. 9, 2017, the
repurchase application was received in Washington. D.C.

On Nov. 27, 2017, the Court approved the Debtor's Settlement with
Shawn Lampman.  On Jan. 12, 2018, at the trial with regard to
Liberty Village LLC (the Debtor's largest secured and unsecured
creditor), a settlement was reached, which terms have been
incorporated into the Debtor's proposed plan.

On Jan. 31, 2018, the Debtor filed its Plan and Disclosure
Statement. In the ordinary course, the Disclosure Statement would
have come on for a hearing approximately 30 days later. However,
due to the Court's calendar, the Disclosure Statement is not set
for hearing until April 10, 2018. While it is conservable that
confirmation might occur prior to May 31, 2018 -- the expiration
date of the current exclusive period to confirm a plan -- the
Debtor seeks an additional continuance of that deadline in order to
provide ample time for the approval of the disclosure statement
including any consideration of the proposed revisions, as well as
time for consideration of the plan by creditors and any negotiation
with creditor constituencies.

            About Black Mountain Golf & Country Club

Based in Henderson, Nevada, Black Mountain Golf & Country Club is a
member-owned golf facility open to the public.  The Company is
non-profit corporation and a tax-exempt entity.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Nev. Case No. 17-11540) on March 30, 2017.  In the
petition signed by Larry Tindall, president, the Debtor estimated
its assets at $10 million to $50 million and debts at $1 million to
$10 million.

The case is assigned to Judge Bruce T. Beesley.  

Morris Polich & Purdy LLP, now known as Clark Hill PLC, is the
Debtor's legal counsel.  The Debtor employed Coffey & Rader CPA as
its accountant and Harper Appraisal, Inc., as appraiser. The Debtor
hired Ray Fredericksen of Per4mance Engineering in connection with
its efforts to rezone its property.

No request has been made for the appointment of a trustee or
examiner, and no official committees have been appointed in this
Chapter 11 case.


BLINK CHARGING: Closes $18.5M Public Offering and NASDAQ Listing
----------------------------------------------------------------
Blink Charging Co. announced the closing of its underwritten public
offering of 4,353,000 units, each unit consisting of one share of
common stock and two warrants each to purchase one share of common
stock.  The warrants have a per share exercise price of $4.25, are
exercisable immediately, and will expire five years from the date
of issuance.  The common stock and the warrants began trading on
the Nasdaq Capital Market on Feb. 14, 2018, under the symbols BLNK
and BLNKW, respectively.

The aggregate gross proceeds to Blink Charging from the public
offering were $18,500,250, prior to deducting underwriting
discounts, commissions and other estimated offering expenses. Blink
Charging has granted the underwriters a 45-day option to purchase
up to an additional 652,950 shares of common stock and/or warrants
to purchase 1,305,900 shares of common stock to cover
over-allotments, if any.  In connection with the closing of this
offering, the underwriters have partially exercised their
over-allotment option and purchased an additional 406,956 warrants.
The underwriters have retained the right to exercise the balance
of their over-allotment option within the 45-day time period.

Blink Charging intends to use the net proceeds from the public
offering to repay certain of its outstanding debt, for deployment
of charging stations, and for working capital and general corporate
purposes.

Joseph Gunnar & Co., LLC acted as sole book-running manager for the
offering and The Benchmark Company, LLC acted as a co-manager for
the offering.

The Securities and Exchange Commission declared effective a
registration statement on Form S-1 relating to these securities on
Feb. 13, 2018.  A final prospectus relating to this offering has
been filed with the Securities and Exchange Commission.  The
offering was made only by means of a prospectus.  Copies of the
final prospectus relating to the offering may be obtained by
contacting Joseph Gunnar & Co., LLC, Prospectus Department, 30
Broad Street, 11th Floor, New York, NY 10004, telephone
212-440-9600, email: prospectus@jgunnar.com. Investors may also
obtain these documents at no cost by visiting the Securities and
Exchange Commission's website at www.sec.gov.

                    About Blink Charging

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 BUFFALO: Moody's Puts Ba2 CFR Under Review for Upgrade
-----------------------------------------------------------
Moody's Investors Service placed the Ba2 Corporate Family Rating,
Ba2-PD Probability of Default Rating and debt instrument ratings of
Blue Buffalo Pet Products, Inc. ("Blue Buffalo") under review for
upgrade. The review follows announcement by General Mills, Inc.
(Baa2 stable) that it has entered into a definitive agreement to
acquire Blue Buffalo for $40/per share or approximately $8.0
billion in cash.

The review for upgrade is based on General Mills' (Baa2 stable)
stronger credit profile, including greater scale, a diverse brand
and product portfolio, and geographic diversity. Following
announcement, Moody's lowered General Mills' senior unsecured
ratings by two notches to Baa2 from A3, with a stable outlook.

Moody's expects that as part of the proposed transaction, all of
Blue Buffalo's rated debt will be repaid. As a result, the existing
ratings of Blue Buffalo will likely be withdrawn at closing.

Moody's has taken the following rating actions on Blue Buffalo Pet
Products, Inc.:

Ratings placed under review for upgrade:

Corporate Family Rating at Ba2;

Probability of Default Rating at Ba2-PD;

$120 million Senior Secured Revolving Credit Facility expiring
2022 at Ba2 (LGD 4);

$400 million Senior Secured Term Loan due 2024 at Ba2 (LGD)

Outlook actions:

Outlook changed to rating under review for upgrade from stable.

Ratings affirmed:

Speculative Grade Liquidity Rating at SGL-1.

RATINGS RATIONALE

Blue Buffalo's Ba2 Corporate Family Rating reflects its strong
market position in the growing natural segment of the broader North
American pet food category. Blue Buffalo's attractive profit
margins, low leverage and very good liquidity support the rating.
These positives are balanced against the company's moderate size
and limited geographic and segmental diversification.

The principal methodology used in these ratings was Global Packaged
Goods published in January 2017.

Blue Buffalo Pet Products, Inc., headquartered in Wilton,
Connecticut, is a developer and manufacturer of pet food and pet
care products primarily sold through the US pet specialty channel.
The company's key products include natural dog and cat foods, and
to a lesser extent, dog and cat treats and natural cat litter.
Annual sales approximate $1.3 billion. Private equity firm Invus
Group owns approximately 44.5% of Blue Buffalo outstanding shares.

General Mills, headquartered in Minneapolis, MN, is a leading
global manufacturer of packaged food products. Its leading brands
include Big G (cereals), Pillsbury, Nature Valley, Annie's,
Progresso, Old El Paso, and Yoplait. For the last twelve months
ended November 26, 2017 the company reported net sales of $15.6
billion.


BLUE RIDGE ARSENAL: Virginia Firearms Dealer Files Chapter 11
-------------------------------------------------------------
Blue Ridge Arsenal, Inc. filed for Chapter 11 bankruptcy protection
(Bankr. E.D. Va. Case No. 18-10472) on Feb. 9, 2018.

Blue Ridge Arsenal is an indoor target range and firearms retailer.
It listed assets of less than $500,000 and liabilities of nearly
$1.5 million in its petition.

The Hon. Klinette H Kindred presides over the case.

An affiliate, Blue Ridge Arsenal at Winding Brook LLC filed for
Chapter 7 bankruptcy protection (Bankr. E.D. Va. Case No. 17-13138)
on Sept. 18, 2017, before the Hon. Brian F Kenney.  Blue Ridge
Arsenal at Winding Brook ran the Ashland location.

Rebecca Cooper, Senior Staff Reporter, writing for Washington
Business Journal, reports that the largest of those liabilities
relates to a sister property Blue Ridge operated in Ashland,
Virginia, outside of Richmond, which closed in August.  There's an
$816,800 disputed judgment for the lease guaranty for that
location, according to the Chapter 11 petition, which was filed
Feb. 9 in the U.S. Bankruptcy Court for the Eastern District of
Virginia.

According to the report, Blue Ridge Arsenal CEO Earl Curtis said
the Chapter 11 case is "just a reorganization," and the Chantilly
location will not close.  He declined to comment further.

The report relates Blue Ridge's recent troubles began in July, when
the Ashland location closed abruptly.  The landlord there, Winding
Brook Range LLC, sued the company for unpaid rent and later
reopened the business under its own management, according to a
report in Richmond BizSense.

The report adds that a hearing on a motion to continue to pay
employees during the Chapter 11 proceedings is scheduled for March
6, 2018.


BOOZ ALLEN: Moody's Rates Amended 1st Lien Loan Due 2023 'Ba1'
--------------------------------------------------------------
Moody's Investors Service has assigned a Ba1 rating to Booz Allen
Hamilton Inc.'s amended senior secured first lien term loan due
2023. The revised term loan will feature an updated pricing grid.
BAH's existing ratings are unaffected, including the Ba2 Corporate
Family Rating. The rating outlook is negative.

Ratings assigned:

Issuer: Booz Allen Hamilton Inc.

-- Senior Secured Bank Credit Facility, Assigned Ba1 (LGD3)

RATINGS RATIONALE

The Ba2 CFR reflects BAH's expertise working on high-level
assignments across a range of U.S. Government agencies. The long
experience results in deep client knowledge which has led to new
business, as reflected in the favorable developments in the
backlog. Financial leverage is expected to continue to compare well
to other companies also at the Ba2 rating level. Free cash flow is
expected to be solid at around $200 million over the coming year,
contributing to BAH's good liquidity. The secured debt is rated
Ba1, one notch higher than the CFR reflecting the priority position
of the claim.

The ratings could be downgraded with backlog losses, expectations
of debt to EBITDA rising to the high 3x range or funds from
operation/debt descending toward 15%, or diminished liquidity such
as from covenant headroom pressure or ongoing revolver dependence.
The ratings could be upgraded with expectations of Debt/EBITDA
sustained in the high 2x range, along with Funds from operation to
debt above 25% and cash greater than $300 million. A higher
percentage of revenues from federal civilian and/or
commercial/foreign government end markets would also be a relevant
factor for higher ratings.

The negative rating outlook reflects the potential reputational and
financial impact from last year's jury finding against a former BAH
employee, which raised questions around BAH's internal controls and
governance in conducting business with the government. Such
controls are critical given the highly sensitive nature of BAH's
intelligence work, and characteristics of the most recent incident
are similar to another BAH employee that arose in 2013.

The principal methodology used in this rating was Global Aerospace
and Defense Industry published in April 2014.

Booz Allen Hamilton, Inc. is a provider of management and
technology consulting and engineering services to governments in
the defense, intelligence and civil markets, global corporations
and not-for-profit organizations. Booz Allen is headquartered in
McLean, Virginia, and reported revenues of approximately $6.1
billion for the twelve months ended December 31, 2017.


BRAHM CORPORATION: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Affiliates that filed voluntary petitions seeking relief under
Chapter 11 of the Bankruptcy Code:

      Debtor                                       Case No.
      ------                                       --------
      Littler Diecast, a Brahm Corporation         18-00978
      500 West Walnut Street
      Albany, IN 47320

      Brahm Corporation                            18-00989
      3555 Sedgemoor Circle
      Carmel, IN 46032

Type of Business: Littler Diecast, a Brahm Corporation,
                  specializes in die casting, precision machining,
                  tool and die making, alloy making, product
                  design and development, material science
                  research, forging, spline and gear forming and
                  assembly.  Littler Diecast is a part of the
                  Brahm Group, a worldwide metal forming, shaping,
                  and assembly platform which works collectively
                  with numerous industries across the globe
                  including aerospace, agricultural, appliance,
                  automotive, communication, defense, general
                  manufacturing, industrial equipment, lawn &
                  garden, marine, medical, ordinance, power
                  generation, solar lighting, and transportation.
                  Littler Diecast is based in Albany, Indiana.
                  Visit http://littlerdiecast.comfor more
                  information.

Chapter 11 Petition Date: February 23, 2018

Court: United States Bankruptcy Court  
       Southern District of Indiana (Indianapolis)

Judge: Hon. Robyn L. Moberly

Debtors' Counsel: John R. Humphrey, Esq.
                  TAFT STETTINIUS & HOLLISTER LLP
                  One Indiana Sq Ste 3500
                  Indianapolis, IN 46204
                  Tel: 317-713-3500
                  Email: jhumphrey@taftlaw.com

                     - and -

                  Michael P. O'Neil, Esq.
                  TAFT STETTINIUS & HOLLISTER LLP
                  1 Indiana Square, Suite 3500
                  Indianapolis, IN 46204
                  Tel: 317-713-3500
                  Email: moneil@taftlaw.com

                                          Total     Total
                                          Assets  Liabilities
                                        --------- -----------
Littler Diecast                         $1M-$10M   $10M-$50M
Brahm Corporation                       $1M-$10M    $1M-$10M

The petitions were signed by Matthew Hedrick, operations manager.

A copy of Littler Diecast's list of 20 largest unsecured creditors
is available for free at:

     http://bankrupt.com/misc/insb18-00978_creditors.pdf

A copy of Brahm Corporation's list of four unsecured creditors is
available for free at:

     http://bankrupt.com/misc/insb18-00989_creditors.pdf

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

          http://bankrupt.com/misc/insb18-00978.pdf
          http://bankrupt.com/misc/insb18-00989.pdf


BREVARD EYE: Plan Filing Exclusivity Period Extended Until April 27
-------------------------------------------------------------------
Judge Karen S. Jennemann of the U.S. Bankruptcy Court for the
Middle District of Florida, for consideration of the Second Motion
filed by Brevard Eye Center, Inc. and its affiliates, has extended
the exclusivity period for filing a Chapter 11 Plan and Disclosure
Statement until April 27, 2018, and warned that no further
extensions will be granted.

As reported by the Troubled Company Reporter on Oct. 20, 2017, the
asked the Court to further extend the period within which only the
Debtor can file a plan until Dec. 16, 2017, and the period within
which only the Debtor can solicit acceptance of the plan by an
additional 60 days.

On June 28, 2017, the Debtors and SummitBridge commenced a
Court-approved mediation process, which ultimately was
unsuccessful.  The Mediator filed a Notice of Impasse on August 15,
2017.  Two days later, on August 17, SummitBridge filed its Motion
to Dismiss or Convert Cases.

Brevard told the Court that, since the filing of the motion to
dismiss, the Debtors have been focused on preparing for the trial
of this matter, responding to multiple discovery requests from
SummitBridge, preparing for and engaging in deposition discovery,
and complying with the increased reporting requirements required in
this case, all in addition to the Debtors' normal reporting
requirements and handling the day to day operations of the Debtors'
businesses as they work diligently to improve collections, increase
revenues, reduce expenses and improve their operations and overall
financial condition.

Additionally, Hurricane Irma forced the closure of the offices of
the Debtors and Debtors' counsel for several days, delaying several
matters.  For these reasons, the Debtors have been unable to file a
Plan of Reorganization following the conclusion of mediation.

Upon the resolution of the motion to dismiss, which the Debtors
firmly believe is without merit, the Debtors will turn their
attention to preparing and filing their plan and supporting
disclosure statement.

The Debtors cited these factors to justify extension of the
Exclusivity Periods:

     a. the size and complexity of the case weighs in favor of
extending the Exclusivity Period.  The jointly administered cases
and the presently pending eight-count Adversary Action are
substantial and complex;

     b. the necessity of sufficient time to negotiate and prepare
adequate information, also weighs in favor of extending the
Exclusivity Period.  The case, the adversary action, and the
disputes involved are complex and sufficient time is needed to
attempt to seek a resolution and to negotiate and prepare the terms
of a confirmable Plan of Reorganization.  Moreover, since the Court
granted the prior extension of the Exclusivity Period on Aug. 25,
2017, the Debtors have been required to spend most of their time
working on matters relating to the SummitBridge motion to dismiss;

     c. the existence of good faith progress toward reorganization,
weighs in favor of extending the Exclusivity Period.  The Debtors
and SummitBridge engaged in mediation which recently concluded, and
the Debtors recently brought on a new CEO with the specific goal of
improving the Debtors' collections, increasing revenues, reducing
expenses and improving the Debtors' operations and overall
financial condition so that they can submit a confirmable Plan of
Reorganization;

     d. the Debtor has resumed paying debts as they come due and is
current on the majority of its debts and obligations, and as well
has started paying down certain post-petition arrearages;

     e. the Debtor has demonstrated in recent months its ability to
cut costs and generate revenue to cure arrearages necessary for a
viable Plan;

     f. while the Debtors and SummitBridge have been unable to
reach an agreement, the Debtors have had little dispute with other
creditors;

     g. the Exclusivity Period has been extended only once in this
case;

     h. the Debtor is seeking an extension so that SummitBridge's
motion to dismiss can be resolved and the Debtors can devote the
time necessary to preparing their Plan and Disclosure Statement;
and

     i. resolution of the motion to dismiss prior to the Debtors
filing their Plan is prudent.

                 About Brevard Eye Center, et al.

Brevard Eye Center Inc., Brevard Surgery Center Inc., Medical City
Eye Center, P.A. and THMIH, Inc., own and operate four retail
optometry centers and clinics and a surgical center.  The optometry
centers and clinics are located in Melbourne, Merritt Island, Palm
Bay, and Orlando, Florida.  The surgical center and the corporate
offices are located in Melbourne, Florida.

Brevard Eye Center operates three of the four optometry centers,
Medical City Eye Center operates only the Orlando optometry center,
and Brevard Surgery Center operates the surgical center.  THMIH
owns the real estate leased to the surgical center/corporate
offices located at 665 S. Apollo Boulevard, Melbourne, Florida.
THMIH also owns the real estate leased to the optometry centers at
250 N. Courtenay Pkwy., Merritt Island, FL and 214 E. Marks St.,
Orlando, Florida.

Medical City Eye Center has been serving East Central Florida as
The Brevard Eye Center for over 28 years and serving Downtown
Orlando as Yager Eye Institute for over 50 years. Dr. Rafael
Trespalacios, an ophthalmologic surgeon, is the 100% owner of
Brevard Eye Center, et al.

Brevard Eye Center, et al., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Case Nos. 17-01828 to
17-01831) on March 21, 2017.  The petitions were signed by Dr.
Trespalacios, as president.  At the time of the filing, each debtor
estimated its assets at $1 million to $10 million and liabilities
at $10 million to $50 million.

Geoffrey S. Aaronson, Esq., and Tamara D. McKeown, Esq., at
Aaronson Schantz Beiley P.A., serve as the Debtors' counsel.

No official committee of unsecured creditors has been appointed.


BRIDGE ASSOCIATES: Case Summary & 4 Unsecured Creditors
-------------------------------------------------------
Debtor: Bridge Associates of SOHO, Inc.
        PO Box 177
        Woodmere, NY 11598

Business Description: Bridge Associates of SOHO, Inc. listed its
                      business as Single Asset Real Estate (as
                      defined in 11 U.S.C. Section 101(51B)).  The
                      Company is the fee owner of a real
                      property located at 99 Vandam Street, New
                      York, NY 10013 (AKA 533 Greenwich Street,
                      New York, NY 10013) with a liquidation value
                      of $7.5 million.

Chapter 11 Petition Date: February 23, 2018

Case No.: 18-71159

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

Judge: Hon. Robert E. Grossman

Debtor's Counsel: Roy J Lester, Esq.
                  LESTER & ASSOCIATES, P.C.
                  600 Old Country Road, Suite 229
                  Garden City, NY 11530
                  Tel: (516) 357-9191
                  Fax: (516) 357-9281
                  Email: rlester@rlesterlaw.com

Total Assets: $13.98 million

Total Liabilities: $12.54 million

The petition was signed by Adam D. Luckner, president.

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

            http://bankrupt.com/misc/nyeb18-71159.pdf

List of Debtor's Four Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Adam D. Luckner                    Personal Loan       $5,443,085
619 Bridge Street,
Woodmere, NY 11598

Lambert & Shackman, PLLC           Legal Services         $74,238
274 Madison Avenue
New York, NY 10016

New York City Loft Board               Fines              Unknown
280 Broadway, 4th Flr.
New York, NY 10007

NYC Dept of Tax & Finance              Taxes              Unknown
WA Harriman Campus, Bldg 9
Albany, NY 12227


BRIDGEPORT BIODIESEL: Cooking Oil Recycler Files for Chapter 11
---------------------------------------------------------------
Bridgeport Biodiesel 2 LLC filed for Chapter 11 bankruptcy
protection (Bankr. S.D.N.Y. Case No. 18-22244) on Feb. 11, 2018.

The Hon. Robert D Drain presides over the case.

Bridgeport Biodiesel collects and recycles used cooking oil from
restaurants in Connecticut.  It also sells biodiesel fuel and
biodiesel heating oil.

The Debtor declared $32,000 in assets and $2.4 million in
liabilities.

Bill Heltzel, writing for WestfairOnline.com, reports that the
Company's production facility is in Bridgeport, and founder and CEO
Brent Baker lives in Pearl River in Rockland County, New York.
Bridgeport Biodiesel and its parent company, Sustainable Biodiesel
Co., are also affiliated with Tri-State Biodiesel in the Bronx.


BURROUGHS ROADHOUSE: May Use Cash, Obtain $177K Postpetition Debt
-----------------------------------------------------------------
Judge Daniel S. Opperman of the U.S. Bankruptcy Court for the
Eastern District of Michigan has entered an interim order
authorizing Burroughs Roadhouse, LLC to use cash collateral and
obtain post-petition financing limited to $177,182 prior to the
entry of a final order authorizing such use or the time the interim
order becomes a final order, as the case may be.

All parties seeking to object to the Interim Order must file a
written objection within fourteen days after February 15, 2018. If
an objection is timely filed, the final hearing will be held on
March 8, 2018 at 2:30 p.m.

As adequate protection for any security interest that Snap, DLR,
Inc. or any other Secured Creditors may assert in the cash
collateral, to the extent that the Debtor uses such cash collateral
and does not replace it, Snap, DLR, Inc. or any other Secured
Creditors are granted replacement liens in all types and
descriptions of collateral that were properly secured and perfected
under the applicable, valid and enforceable prepetition loan
documents, which are created, acquired, or arise after the Petition
Date.

As additional adequate protection, the Debtor will make monthly
payments to Snap in the amount of $266 beginning on February 21,
2018 and continuing on the 21st day of each month thereafter until
further order of the Court.

To the extent that cash collateral is unavailable or insufficient
to funds operations, the Debtor is also authorized to acquire and
use the DIP Loan financing under the terms of the Financing Motion
and Budget.

The DIP Lender's claim arising from issuance of the DIP Loan will
have the highest administrative priority under 11 U.S.C. Section
364(c), subordinate only to the administrative claims of the
Debtor's professionals. The DIP Lender's claim will have priority
over all other costs and expenses of administration of any kind.
The DIP Lender's claim arising from issuance of the DIP Loan will
be secured by a senior, valid, and perfected lien on all of the
Debtor's pre- and post-petition assets in every kind and nature
whatsoever that are unencumbered by a prepetition lien.

A full-text copy of the Interim Order is available at:

          http://bankrupt.com/misc/mieb18-30319-20.pdf

                     About Burroughs Roadhouse

Based in Brighton, Michigan, Burroughs Roadhouse, LLC, operates a
single-location American-style restaurant and entertainment venue
in Brighton, Michigan.  The company filed a Chapter 11 petition
(Bankr. E.D. Mich. Case No. 18-30319) on Feb. 10, 2018.  James A.
Wright, managing member, signed the petition.  Schafer and
Weiner, PLLC, is the Debtor's legal counsel.

                         *     *     *

The Debtor says it anticipates proposing a plan of reorganization
under new management to continue in business.


CAMBER ENERGY: Sells Additional $1M Worth of Preferred Shares
-------------------------------------------------------------
Camber Energy, Inc. and an institutional investor previously
entered into a stock purchase agreement, pursuant to which the
Company agreed to sell 1,684 shares of its Series C Redeemable
Convertible Preferred Stock for $16 million (a 5% original issue
discount to the face value of those shares), subject to certain
conditions.

On Oct. 5, 2017, in connection with the entry into the October 2017
Purchase Agreement, the Investor purchased 212 shares of Series C
Preferred Stock for $2 million.

On Nov. 21, 2017, pursuant to the terms of the October 2017
Purchase Agreement, the Company sold the Investor an additional 106
shares of Series C Preferred Stock for $1 million.

On Dec. 27, 2017, pursuant to the terms of the October 2017
Purchase Agreement, the Company sold the Investor an additional 105
shares of Series C Preferred Stock for $1 million.

On Jan. 31, 2018, pursuant to the terms of the October 2017
Purchase Agreement, the Company sold the Investor an additional 105
shares of Series C Preferred Stock for $1 million.

On Feb. 22, 2018, pursuant to the terms of the October 2017
Purchase Agreement, the Company sold the Investor an additional 105
shares of Series C Preferred Stock for $1 million.

The Company plans to use the proceeds from the sale of the Series C
Preferred Stock for working capital, workovers on existing wells,
drilling and completion of additional wells, acquisitions,
repayment of vendor balances and payments to International Bank of
Commerce, in anticipation of regaining compliance.

As of Feb. 22, 2018, the Series C Preferred Stock sold at the
Initial Closing, Second Closing, Third Closing, Fourth Closing and
Fifth Closing would convert into approximately 96,737,585 shares of
the Company's common stock if fully converted, which number
includes 1,947,693 shares of common stock convertible upon
conversion of each share of outstanding Series C Preferred Stock at
a conversion price of $3.25 per share (based on the $10,000 face
amount of the Series C Preferred Stock) and approximately
94,789,892 shares of common stock for premium shares due thereunder
(based on the current dividend rate of 24.95% per annum), and a
conversion price of $0.1166 per share, which may be greater than
the conversion price that currently applies to the conversion of
the Series C Preferred Stock pursuant to the terms of the
Designation, which number of premium shares may increase from time
to time as the trading price of its common stock decreases, upon
the occurrence of any trigger event under the Designation of the
Series C Preferred Stock and upon the occurrence of certain other
events.  

The Company said the conversion of the Series C Preferred Stock
into its common stock will create substantial dilution to existing
stockholders.

                        About Camber Energy

Camber Energy (NYSE American: CEI) -- http://www.camber.energy.com
-- is an independent oil and natural gas company based in Houston,
Texas with a field office in Gonzales, Texas.  The Company is
engaged in the acquisition, development and sale of crude oil,
natural gas and natural gas liquids from various known productive
geological formations, including from the Hunton formation in
Lincoln, Logan and Payne Counties, in central Oklahoma; the Cline
shale and upper Wolfberry shale in Glasscock County, Texas; and
recently in connection with our entry into the Horizontal San
Andres play on the Central Basin Platform of the Permian Basin in
West Texas announced on Jan. 3, 2017.  Incorporated in Nevada in
December 2003 under the name Panorama Investments Corp., the
Company changed its name to Lucas Energy, Inc. effective June 9,
2006 and effective Jan. 4, 2017, the Company changed its name to
Camber Energy, Inc.

Camber reported a net loss of $89.12 million on $5.30 million of
total net operating revenues for the year ended March 31, 2017,
compared to a net loss of $25.44 million on $968,146 of total net
operating revenues for the year ended March 31, 2016.  As of Dec.
31, 2017, Camber Energy had $18.18 million in total assets, $41.80
million in total liabilities and a total stockholders' deficit of
$23.61 million.

GBH CPAs, PC -- http://www.gbhcpas.com/-- in Houston, Texas,
issued a "going concern" opinion in its report on the consolidated
financial statements for the year ended March 31, 2017, citing that
the Company has incurred significant losses from operations and had
a working capital deficit at March 31, 2017.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


CAPITOL SUPPLY: Has Until March 5 to Exclusively File Plan
----------------------------------------------------------
The Hon. Erik P. Kimball of the U.S. Bankruptcy Court for the
Southern District of Florida has extended, at the behest of Capitol
Supply, Inc., the exclusive periods during which only the Debtor
can file a plan of reorganization and to solicit acceptance of the
plan through and including March 5, 2018, and May 4, 2018,
respectively.

As reported by the Troubled Company Reporter on Jan. 25, 2018, the
Debtor recently started settlement discussions with one of its
largest unsecured creditors, the United States, with respect to the
claims asserted in the DC Case.  As a result, the Debtor requires
additional time pursue such settlement discussions with the United
States and to formulate its plan of reorganization.

                      About Capitol Supply

Since 1983, Capitol Supply, Inc., has provided the United States
Government, the U.S. Military, State and local government agencies
and consumer and commercial customers worldwide various products
needed to operate their businesses.  Capitol Supply offers office
supply, office furniture, hardware, tools, auto parts, cleaning
supplies, dorms and quarters, package room, and GSA schedule
needs.

Capitol Supply was formerly known as Capitol Furniture Distributing
Company and changed its name to Capitol Supply, Inc. in March
2005.

Capitol Supply, Inc., based in Boca Raton, Florida, filed a Chapter
11 petition (Bankr. S.D. Fla. Case No. 17-21544) on Sept. 20, 2017.
In the petition was signed by Robert J. Steinman, director and
CEO, the Debtor estimated $1 million to $10 million in both assets
and liabilities.  

The Hon. Erik P. Kimball presides over the case.  

Bradley S. Shraiberg, Esq., at Shraiberg Landaue & Page, P.A.,
serves as bankruptcy counsel to the Debtor.


CAPTAIN NEMOS: Taps Schlaupitz & Madhavan as Accountant
-------------------------------------------------------
Captain Nemos Subs and Salads, LLC, received approval from the U.S.
Bankruptcy Court for the Eastern District of Michigan to hire
Schlaupitz & Madhavan PC as its accountant.

The services to be provided by the firm include bookkeeping,
preparation of financial statements, audits, reviews, compilations
and tax consulting.

The firm's hourly rates are:

     Partners              $180 – $250
     Managers              $160 – $180
     Senior Associates     $125 – $150
     Associates             $85 – $125

The Debtor has agreed to pay Schlaupitz a retainer in the sum of
$2,500.

Donny Madhavan, a principal of Schlaupitz, disclosed in a court
filing that he is a "disinterested person" as defined in Section
101(14) of the Bankruptcy Code.

Schlaupitz can be reached through:

     Donny Madhavan
     Schlaupitz & Madhavan PC
     5700 Crooks Rd., Suite 201
     Troy, MI 48098
     Phone: (248) 649-1600
     Email: donny@smcpafirm.com

                     About Captain Nemos Subs

Captain Nemos Subs and Salads, LLC is a Michigan corporation that
owns several sub and salad shops in the Downriver area of
Southeast, Michigan.  It sells subs, salads, appetizers and other
food goods and drinks.  The business is located at 28801 Telegraph
Rd., Flat Rock, Michigan.

Captain Nemos Subs and Salads filed a Chapter 11 petition (Bankr.
E.D. Mich. Case No. 18-41307) on Feb. 1, 2018.  In the petition
signed by Brett T. Manning, managing member, the Debtor estimated
less than $50,000 in assets and $100,000 to $500,000 in
liabilities.  Judge Mark A. Randon presides over the case.  The
Debtor hired Gudeman & Associates, P.C., as its legal counsel.




CARVER BANCORP: Bank Gets OCC OK to Sell $19M Property to CHOMPOL
-----------------------------------------------------------------
Carver Federal Savings Bank, a wholly-owned federal savings bank of
Carver Bancorp, Inc., received approval from the Office of the
Comptroller of the Currency to effectuate a Contract of Sale
between the Bank and CHOMPOL, LLC, dated Dec. 13, 2017.  The
Agreement was contingent on the OCC's prior approval of the
transaction.

Pursuant to the Agreement, the Bank will sell its real estate
located at 75 West 125th Street, New York, New York for a total
purchase price of $19.45 million.  The Bank will lease a portion of
the Property to continue to operate its main office at the
Property.  The Bank will relocate its administrative offices to a
nearby location in Harlem, New York.

The closing date of the Property sale and leaseback transaction is
scheduled to occur on or about Feb. 22, 2018.

                     About Carver Bancorp

Carver Bancorp, Inc., is the holding company for Carver Federal
Savings Bank, a federally chartered stock savings bank.  Carver --
http://www.carverbank.com/-- was founded in 1948 to serve
African-American communities whose residents, businesses, and
institutions had limited access to mainstream financial services.
In light of its mission to promote economic development and
revitalize underserved communities, Carver has been designated by
the U.S. Department of the Treasury as a community development
financial institution.  Carver has nine full-service branches in
the New York City boroughs of Brooklyn, Manhattan, and Queens.

Carver reported a net loss of $2.85 million on $26.12 million of
total interest income for the year ended March 31, 2017, compared
to a net loss of $1.76 million on $26.56 million of total interest
income for the year ended March 31, 2016.  As of Dec. 31, 2017,
Carver Bancorp had $655.96 million in total assets, $610.53 million
in total liabilities and $45.42 million in total equity.

Carver received a letter from the Nasdaq Stock Market on July 17,
2017 stating that the Company is not in compliance with Nasdaq
Listing Rule 5250(c)(1) because it did not timely file its Annual
Report on Form 10-K for the period ended March 31, 2017, with the
U.S. Securities and Exchange Commission.


CC CARE LLC: Exclusive Plan Filing Deadline Extended Through May 31
-------------------------------------------------------------------
The Hon. Janet S. Baer of the U.S. Bankruptcy Court for the
Northern District of Illinois has extended, at the behest of CC
Care, LLC and its debtor-affiliates, the period within which the
Debtors have the exclusive right to file Plans through May 31,
2018, and the exclusive period to solicit acceptances to their
Plans through July 31, 2018.

                       About CC Care LLC

CC Care, LLC, and its affiliates are Delaware limited liability
companies owned by JLM Financial Healthcare, LP, that operate
long-term care facilities that provide nursing, healthcare,
therapeutic and social services to the chronically ill with a
diagnosis of mental illness.

The operating entities own these nursing care facilities:

  Entity     Facility Name/Location
  ------     ----------------------
CC Care   Community Care Center, Chicago, Illinois
BT Care   Bourbonnais Terrace Nursing Home, Bourbonnais, Ill.
CT Care   Crestwood Terrace Nursing Center, Crestwood, Ill.
FT Care   Frankfort Terrace Nursing Center, Frankfort, Ill.
JT Care Joliet Terrace Nursing Center, Joliet, Illinois
KT Care   Kankakee Terrance Nursing Center, Bourbonnais, Ill.
SV Care   Southview Manor, Chicago, Illinois
TN Care   Terrace Nursing Home, Waukegan, Illinois
WCT Care  West Chicago Terrace Nursing Home, West Chicago, Ill.

On Oct. 30, 2017, Chapter 11 bankruptcy petitions were filed by CC
Care, LLC, doing business as Community Care Center (Bankr. N.D.
Ill. Lead Case No. 17-32406), and BT Bourbonnais Care, LLC, doing
business as Bourbonnais Terrace Nursing Home (Case No. 17-32411),
CT Care, LLC (17-32417), FT Care, LLC (17-32423), JT Care, LLC
(17-32425), KT Care, LLC (17-32427), SV Care, LLC (17-32430), TN
Care, LLC (17-32429), WCT Care, LLC (17-32433), JLM Financial
Healthcare, LP (17-32421).  Patrick Laffey, their manager and
designated representative, signed the petitions.  The cases are
jointly administered under Case No. 17-32406 and assigned to Judge
Janet S. Baer.

At the time of filing, CC Care estimated $1 million to $10 million
in assets and liabilities.

The Debtors tapped Burke Warren MacKay & Serritella, P.C. and
Crane, Simon, Clar & Dan as their bankruptcy counsel; Meyer
Magence, Attorney at Law as special counsel; Development
Specialists, Inc. as financial advisor; and Templin Healthcare
Accounting Services, LLP, as accountant.

On Nov. 27, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee hired
Freeborn & Peters LLP as its bankruptcy counsel, and Protiviti Inc.
as its financial advisor.


CC CARE LLC: Needs More Time to Analyze Potential Exit Strategies
-----------------------------------------------------------------
CC Care, LLC, and its affiliates ask the U.S. Bankruptcy Court for
the Northern District of Illinois to extend the exclusive periods
during which only the Debtors can file a plan of reorganization and
solicit acceptance of their plan through June 27, 2018, and Aug.
28, 2018, respectively.

The Debtors presently hold the exclusive right to file a plan
through Feb. 27, 2018, as well as the exclusive right to solicit
acceptances of their plan through April 28, 2018.

The Debtors say that the requested extension of the Exclusive
Periods will facilitate the Debtors' efforts in formulating Plans
and successfully resolving these Chapter 11 cases.

The Debtors tell the Court that they have been diligently pursuing
the administration of this case with a view toward formulating a
prompt exit strategy.  Significantly, since the filing of the
Debtors' Chapter 11 cases, the Debtors have maintained their
business operations during the course of the cases, facilitated by
a series of court orders authorizing the use of cash collateral.
Pursuant to the cash collateral court orders, the secured interests
of MidCap, HUD and Edward Don are adequately protected.

The Debtors have recently engaged Patrick O'Malley and the firm of
Development Specialists, Inc., to assist them with their cash
collateral and other financial reporting.  DSI is in the midst of
this work and then will proceed to assist the Debtors with various
document and information requests of MidCap, the Creditors'
Committee and HUD.  Ultimately, DSI will also assist the Debtors
with the formulation of their plans.

The Court recently authorized the Debtors to conduct important
discovery of the several managed care organizations with respect to
the extensive outstanding accounts receivable due to the Debtors.
This discovery, coupled with the eventual resolution of the
millions of dollars of claims of the Debtors due from the MCOs, is
an essential element of any plans to be proposed by the Debtors.

The Debtors are starting the analysis of potential exit strategies
on a debtor-by-debtor basis.  This analysis, which will form the
basis of the plans, will necessarily extend beyond the existing
Exclusive Periods.

The Debtors assure the Court that this request is not being made
for the improper purpose of causing unnecessary delay, and the
Debtors believe that this request is in the best interests of the
Debtors' estates and their creditors.  No creditor will be
prejudiced or harmed by the extensions requested in this Motion.

A copy of the Debtors' Motion is available at:

          http://bankrupt.com/misc/ilnb17-32406-147.pdf

                       About CC Care LLC

CC Care, LLC, and its affiliates are Delaware limited liability
companies owned by JLM Financial Healthcare, LP, that operate
long-term care facilities that provide nursing, healthcare,
therapeutic and social services to the chronically ill with a
diagnosis of mental illness.

The operating entities own these nursing care facilities:

  Entity     Facility Name/Location
  ------     ----------------------
CC Care   Community Care Center, Chicago, Illinois
BT Care   Bourbonnais Terrace Nursing Home, Bourbonnais, Ill.
CT Care   Crestwood Terrace Nursing Center, Crestwood, Ill.
FT Care   Frankfort Terrace Nursing Center, Frankfort, Ill.
JT Care   Joliet Terrace Nursing Center, Joliet, Illinois
KT Care   Kankakee Terrance Nursing Center, Bourbonnais, Ill.
SV Care   Southview Manor, Chicago, Illinois
TN Care   Terrace Nursing Home, Waukegan, Illinois
WCT Care  West Chicago Terrace Nursing Home, West Chicago, Ill.

On Oct. 30, 2017, Chapter 11 bankruptcy petitions were filed by CC
Care, LLC, doing business as Community Care Center (Bankr. N.D.
Ill. Lead Case No. 17-32406), and BT Bourbonnais Care, LLC, doing
business as Bourbonnais Terrace Nursing Home (Case No. 17-32411),
CT Care, LLC (17-32417), FT Care, LLC (17-32423), JT Care, LLC
(17-32425), KT Care, LLC (17-32427), SV Care, LLC (17-32430), TN
Care, LLC (17-32429), WCT Care, LLC (17-32433), JLM Financial
Healthcare, LP (17-32421).  Patrick Laffey, their manager and
designated representative, signed the petitions.  The cases are
jointly administered under Case No. 17-32406 and assigned to Judge
Janet S. Baer.

At the time of filing, CC Care estimated $1 million to $10 million
in assets and liabilities.

The Debtors tapped Burke Warren MacKay & Serritella, P.C., and
Crane, Simon, Clar & Dan as their bankruptcy counsel; Meyer
Magence, Attorney at Law as special counsel; and Development
Specialists, Inc. as financial advisor.

On Nov. 27, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee hired
Freeborn & Peters LLP as its bankruptcy counsel, and Protiviti Inc.
as its financial advisor.


CGG HOLDING: Plan Declared Effective on Feb. 21
-----------------------------------------------
The Effective Data of the Joint Chapter 11 Plan of Reorganization
of CGG Holding (U.S.) Inc. and certain affiliates occurred on Feb.
21, 2018, paving the way for the Debtors emergence from Chapter 11
protection.

The U.S. Bankruptcy Court confirmed the Plan on Oct. 16, 2017.

BankruptcyData's detailed Plan Summary notes, "A 100% recovery to
Allowed General Unsecured Claims and all creditors who are
Unimpaired under the Plan; a new money infusion of up to $500
million; a principal reduction through an up to $150 million pay
down and extension of the remaining terms of the prepetition
secured funded debt; and deleveraging the Company's balance sheet
by equitizing approximately $1.54 billion of prepetition Senior
Notes and $403.5 million in prepetition Convertible Bonds." The
Company states that this restructuring meets its objectives of
strengthening CGG Holding (US)'s balance sheet and providing
financial flexibility to continue investing in the future. This
plan comprised (i) the equitization of nearly all of the unsecured
debt, (ii) the extension of the maturities of the secured debt and
(iii) the provision of additional liquidity to meet various
business scenarios. As part of the implementation of its financial
restructuring plan, the Company issued the following: $663.6
million in principal amount of first lien secured senior notes due
2023, bearing floating rate interest at Libor (floor of 1%) + 6.5%
in cash, and 2.05% paid-in-kind (PIK) (issued by CGG Holding [U.S.]
Inc.) in exchange for the balance of the secured loans taking into
account an upfront paydown of US$150 million; $355.1 million and
€80.4 million in principal amount of second lien secured senior
notes due 2024, bearing floating rate interest at Libor (floor of
1%) + 4% in cash, and 8.5% paid-in-kind (PIK) (issued by CGG SA)
(comprising $275 million and €80.4 million as new money and $80.2
million in exchange for part of the accrued interest claims under
the senior notes; 71,932,731 shares of the Company each with one
share purchase warrant, all of which were subscribed by holders of
preferential subscription rights; 35,311,528 new shares resulting
from the equitization of the convertible bonds; 449,197,594 new
shares resulting from the equitization of the senior notes;
22,133,149 warrants allocated to the shareholders of CGG;
113,585,276 warrants in favor of the subscribers to the second lien
notes; 7,099,079 warrants allocated to the members of the ad hoc
committee of holders of senior notes and 10,648,619 warrants
allocated to the members of the ad hoc committee of holders of
senior notes.

                        About CGG Holding

Paris, France-based CGG Holding (U.S.) Inc. -- http://www.cgg.com/
-- provides geological, geophysical and reservoir capabilities to
its broad base of customers primarily from the global oil and gas
industry.  Founded in 1931 as "Compagnie Generale de Geophysique",
CGG focuses on seismic surveys and other techniques to help energy
companies locate oil and natural-gas reserves.  The company also
makes geophysical equipment under the Sercel brand name.

The Group has more than 50 locations worldwide, more than 30
separate data processing centers, and a workforce of more than
5,700, of whom more than 600 are solely devoted to research and
development.  CGG is listed on the Euronext Paris SA (ISIN:
0013181864) and the New York Stock Exchange (in the form of
American Depositary Shares, NYSE: CGG).

After a deal was reached key constituencies on a restructuring that
will eliminate $1.95 billion in debt, on June 14, 2017 (i) CGG SA,
the group parent company, opened a "sauvegarde" proceeding, the
French equivalent of a Chapter 11 bankruptcy filing, (ii) 14
subsidiaries of CGG S.A. filed voluntary petitions for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
17-11637) in New York, and (iii) CGG S.A filed a petition under
Chapter 15 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No.
Case No. 17-11636) in New York, seeking recognition in the U.S. of
the Sauvegarde as a foreign main proceeding.

Chapter 11 debtors CGG Canada Services Ltd. and Sercel Canada Ltd.
also commenced proceedings under the Companies' Creditors
Arrangement Act in the Court of Queen's Bench of Alberta, Judicial
District of Calgary in Calgary, Alberta, Canada, to seek
recognition of the Chapter 11 cases in Canada.


CHARGER ACQUISITION: S&P Assigns 'B' ICR, Outlook Negative
----------------------------------------------------------
S&P Global Ratings assigned its 'B' issuer credit rating to U.S.
dental products manufacturer Charger Acquisition Corp. (operating
as Zest Dental Solutions). The outlook is negative.

S&P said, "At the same time, we assigned our 'B' issue-level rating
to the company's $315 million senior secured credit facility,
consisting of a $50 million revolving credit facility (RCF) and
$265 million first-lien term loan. The recovery rating on this debt
is '3', indicating our expectation of meaningful recovery (50%-70%;
rounded estimate: 60%) in the event of a payment default.

"In addition, we assigned our 'CCC+' issue-level rating to the
company's $115 million second-lien term debt. The recovery rating
is '6', indicating our expectation of negligible recovery (rounded
estimate: 0%) in the event of a payment default."

Zest is a leading manufacturer of implant-retained overdenture
attachment systems, an alternative to the more common adhesive
retained traditional dentures. The company only serves a narrow
niche within a single therapeutic category. Only about 6% of
patients in need of dentures elect to use this premium-priced
solution.

There is considerable uncertainty about the company's earnings once
the company's LOCATOR product expires in the U.S. later this year;
this product represents approximately 70% of the company's
revenues. S&P said, "While the company recently began selling its
next-generation product, we believe that potential competition
could erode its leading market position for this product category,
resulting in revenue, profitability, and cash flow declines
materially beyond our base-case forecasts. Moreover, we believe
this risk could become more prominent, given elevated interest
expense following the increased debt burden the company incurred in
conjunction with its acquisition by equity sponsor BC Partners."

The negative outlook on Zest reflects heightened uncertainty
relating to the financial impact from the loss of patent protection
on the company's LOCATOR product in 2018. Potential competition
could result in revenue, profitability, and cash flow declines
beyond our current projections.

S&P said, "We could lower the rating over the next 12 months if the
company's EBITDA deteriorates by about 22% from our year-end 2017
forecast, resulting in free cash flow generation eroding to
negligible levels and debt to EBITDA rising to about 9.5x. Such a
scenario would likely result from greater-than-expected pricing
pressures, most likely stemming from the market entrance of a
generic LOCATOR product.

"We could revise the outlook to stable over the next 12-18 months
if, after the patent on LOCATOR expires, the company maintains its
market share and preserves profitability at or near current levels,
which would likely stem from competitive threats remaining
dormant."


CHARMING CHARLIE: Can Poll Creditors, April 3 Plan Hearing Set
--------------------------------------------------------------
The Delaware Bankruptcy Court has given Charming Charlie Holdings,
Inc., and its debtor-affiliates the green light to solicit votes
from creditors on their Chapter 11 bankruptcy-exit plan.

Bankruptcy Judge Christopher S. Sontchi on Feb. 13 entered an order
approving the disclosure statement explaining the Debtors' Plan.
On Feb. 14, the Debtors filed with the Court a solicitation version
of their Second Amended Joint Chapter 11 Plan of Reorganization and
an accompanying disclosure statement.

The Court set this timeline:

     Feb. 19     Voting Record Date
     Feb. 23     Solicitation Deadline
     March 2     Publication Deadline
     March 23    Voting Deadline
                 Plan Objection Deadline
     March 29    Plan Objection Response
                 Deadline to File Voting Report
     April 3     Confirmation Hearing Date

The Plan provides for the reorganization of the Debtors as a going
concern. Significantly, the Plan contemplates a significant
reduction in long-term debt and annual cash interest payment
obligations, and infuses new capital in the form of:

     (a) $20 million new-money, DIP financing;

     (b) approximately $50 million in exit term loan debt, across
two tranches; and

     (c) exit financing, which shall take the form of either a new
revolving credit facility in the aggregate commitment amount of $35
million or, with the consent of the Holders of DIP ABL Claims, a
conversion of the DIP ABL Facility.

The Debtors believe consummation of the Plan will result in a
stronger, de-levered balance sheet for the Debtors.

Holders of Class 3 Prepetition Term Loan Claims and 4 General
Unsecured Claims are Impaired and entitled to vote on the Plan.

Allowed Class 3 Prepetition Term Loan Claims are estimated to total
$94,625,378.95 in principal amount plus accrued interest.  Holders
of this claim are projected to recoup 3.62%.  Charming Charlie
cautions that this imputed recovery is prior to dilution by New
Equity issued in connection with the Management Incentive Plan and
the so-called GUC Rights based on valuation set forth in the
Valuation Analysis.

General Unsecured Claims, meanwhile, are projected to recoup 0.0%
or greater.  Charming Charlie says the GUC Rights are not expected
to provide a recovery as of the Effective Date, but may in the
future attain value if the Reorganized Debtors experience
sufficient improvement in their equity value in the next
five-to-seven years.

The Plan defines "GUC Rights" as the contingent value rights for
New Equity that shall be issued on terms and conditions as shall be
set forth in the Plan Supplement, and as detailed in the Disclosure
Statement, which terms shall be reasonably satisfactory to the
Requisite First Lien Lenders.

"The Debtors cannot predict what future value the GUC Rights may or
may not have," Charming Charlie said in its disclosure statement.

Equity holders are out of the money, and not entitled to vote.

A blacklined copy of the Second Amended Plan Documents is available
at:

         http://bankrupt.com/misc/deb17-12906-00440.pdf

Counsel to the Debtors:

     Joshua A. Sussberg, Esq.
     Christopher T. Greco, Esq.
     Aparna Yenamandra, Esq.
     Rebecca Blake Chaikin, Esq.
     Kirkland & Ellis LLP
     601 Lexington Avenue
     New York, New York 10022

          - and -

     Domenic E. Pacitti, Esq.
     Michael W. Yurkewicz, Esq.
     Klehr Harrison Harvey Branzburg LLP
     919 N. Market Street, Suite 1000
     Wilmington, Delaware 19801

Counsel to the Consenting Term Loan Committee (Holders of 88% of
Prepetition Term Loan Claims):

     Jeffrey D. Saferstein, Esq.
     Adam M. Denhoff, Esq.
     Sharad Thaper, Esq.
     Paul, Weiss, Rifkind, Wharton & Garrison LLP
     1285 Avenue of the Americas
     New York, New York 10019

          - and -

     Pauline K. Morgan, Esq.
     M. Blake Cleary, Esq.
     Young Conaway Stargatt & Taylor, LLP
     Rodney Square
     1000 North King Street
     Wilmington, Delaware 19801

Counsel to the Owners (TSG Consumer Partners, Hancock Park
Associates, and Charles J. Chanaratsopon, in each case on behalf of
itself and each of its affiliated investment funds or investment
vehicles managed or advised by it):

     Timothy A. "Tad" Davidson II, Esq.
     Joseph P. Rovira, Esq.
     Andrews Kurth Kenyon LLP
     600 Travis Street, Suite 4200
     Houston, Texas 77002

          - and -

     Gregg M. Galardi, Esq.
     Stephen Moeller-Sally, Esq.
     Ropes & Gray LLP
     1211 Avenue of the Americas
     New York, New York 10036

Counsel to the Official Committee:

     Cooley LLP
     1114 Avenue of the Americas
     New York, NY 10035
     Cathy Hershcopf, Esq.
     Seth Van Aaltan, Esq.
     Michael Klein, Esq.

          - and -

     Jennifer R. Hoover, Esq.
     Kevin M. Capuzzi, Esq.
     Benesch, Friedlander, Coplan & Aronoff LLP
     Delaware Avenue, Suite 801
     Wilmington, Delaware 19801

              About Charming Charlie Holdings

Charming Charlie -- http://www.CharmingCharlie.com/-- is a
Houston-based specialty retailer focused on fashion jewelry,
handbags, apparel, gifts and beauty products, and operates 274
stores in the United States and Canada.

Charming Charlie Holdings Inc. and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 17-12906) on Dec. 11,
2017.  Charming Charlie estimated assets of $50 million to $100
million and debt of $100 million to $500 million.

Kirkland & Ellis LLP is serving as the Company's legal counsel,
AlixPartners LLP is serving as its restructuring advisor, and
Guggenheim Securities, LLC is serving as its investment banker.
Klehr Harrison Harvey Branzburg LLP is the Company's local counsel.
Rust Consulting/OMNI Bankruptcy is the claims and noticing agent.

Joele Frank, Wilkinson Brimmer Katcher is the Company's
communications consultant.  A&G Realty Partners, LLC's the
Company's real estate advisors.  Hilco Merchant Resources LLC is
the Company's exclusive agent.


CHESAPEAKE ENERGY: Swings to $953 Million Net Income in 2017
------------------------------------------------------------
Chesapeake Energy Corporation reported financial and operational
results for the 2017 full year and fourth quarter plus other recent
developments.  Highlights include:

   * Average 2017 production of approximately 547,800 barrels of
     oil equivalent (boe) per day, up 3 percent compared to 2016
     levels, adjusted for asset sales; oil production up 11
     percent in 2017 fourth quarter compared to 2016 fourth
     quarter, adjusted for asset sales

   * Reduced production, general and administrative and gathering,
     processing and transportation expenses by approximately $510
     million, down 18 percent compared to 2016 levels

   * Projected 2018 capital expenditures program of approximately
     $1.975 - $2.375 billion, down 12 percent compared to 2017
     levels, using midpoint

   * Total 2018 production, adjusted for asset sales, expected to
     grow approximately 3 percent year-over-year, using midpoint;
     oil volumes adjusted for asset sales, expected to grow by
     approximately 5 percent compared to 2017 levels, using
     midpoint

Doug Lawler, Chesapeake's chief executive officer, commented, "I am
very pleased with our fourth quarter and full year 2017
performance, as we made significant progress toward our goals of
reducing our debt, increasing cash flow generation and margin
enhancement.  Fiscal year 2017 was a pivotal year for Chesapeake,
as we restored our production and increased net cash provided by
operations, increased our oil production, adjusted for asset sales,
and significantly improved our cost structure by reducing our
combined production, general and administrative and gathering,
processing, and transportation expenses by approximately $510
million.  We further demonstrated the depth of our portfolio by
closing on approximately $1.3 billion in asset and property sales
and signed additional asset sales for approximately $575 million
that we expect to close by the end of the 2018 second quarter.  We
reduced our outstanding secured term debt by approximately $1.3
billion, or 32 percent, continued to remove legal obligations and
recorded the best environmental and safety performance in our
company's history.

"We are well-positioned to build on our 2017 accomplishments and
progress our strategic goals, with our 2018 guidance highlighting
improvements in our cost structure, increased oil production,
adjusted for asset sales, and increased net cash and margins
provided by operations.  We expect to deliver production growth,
adjusted for asset sales, of 1 percent to 5 percent on reduced
capital expenditures.  The expected improvements in our cost
structure, as well as improved basis pricing differentials and
higher NYMEX pricing, result in higher forecasted year-over-year
cash flows.

"Over the last four years, we have fundamentally transformed our
business, removing financial and operational complexity,
significantly improving our balance sheet, and addressing numerous
legacy issues that have affected past performance.  Chesapeake
Energy continues to get stronger, and we believe we are well
positioned to create meaningful shareholder value in the years
ahead."

2017 Full Year Results

For the 2017 full year, Chesapeake reported net income of $953
million on $9.49 billion of total revenues compared to a net loss
of $4.39 billion on $7.87 billion of total revenues for 2016.

For the 2017 full year, net income available to common stockholders
of $813 million, or $0.90 per diluted share.  The Company's EBITDA
for the 2017 full year was $2.376 billion.  Adjusting for items
that are typically excluded by securities analysts, the 2017 full
year adjusted net income attributable to Chesapeake was $742
million, or $0.82 per diluted share, while the company's adjusted
EBITDA was $2.160 billion.

Chesapeake's oil, natural gas and NGL unhedged revenue increased by
18 percent year over year due to an increase in average price
despite a 14 percent reduction in production volumes sold.  Average
daily production for 2017 of approximately 547,800 boe increased by
3 percent compared to 2016 levels, adjusted for asset sales, and
consisted of approximately 89,500 barrels (bbls) of oil, 2.406
billion cubic feet (bcf) of natural gas and 57,300 bbls of NGL.

During the full year production expenses were $2.81 per boe, while
general and administrative expenses (including stock-based
compensation) were $1.31 per boe.  Combined production and general
and administrative expenses during the 2017 full year were $4.12
per boe, an increase of 1 percent year over year.  Gathering,
processing, and transportation expenses during the 2017 full year
were $7.36 per boe, a decrease of 8 percent year over year.

2017 Fourth Quarter Results

For the 2017 fourth quarter, Chesapeake reported net income of $334
million on $2.51 billion of total revenues compared to a net loss
of $341 million on $2.02 billion of total revenues for the three
months ended Dec. 31, 2016.  For the three months ended Dec. 31,
2017, net income available to common stockholders of $309 million,
or $0.33 per diluted share.  The Company's EBITDA for the 2017
fourth quarter was $764 million.  Adjusting for items that are
typically excluded by securities analysts, the 2017 fourth quarter
adjusted net income attributable to Chesapeake was $314 million, or
$0.30 per diluted share, while the Company's adjusted EBITDA was
$706 million.

Chesapeake's oil, natural gas and NGL unhedged revenue in the
fourth quarter increased 16 percent year over year due to a 3
percent increase in volumes and an increase in commodity prices.
Average daily production for the 2017 fourth quarter of
approximately 593,200 boe increased by 15 percent over 2016 fourth
quarter levels and 10 percent sequentially, adjusted for asset
sales, and consisted of approximately 99,900 bbls of oil, 2.603 bcf
of natural gas and 59,500 bbls of NGL.

Production expenses during the 2017 fourth quarter were $2.50 per
boe, while general and administrative expenses (including
stock-based compensation) during the 2017 fourth quarter were $1.34
per boe.  Combined production and general and administrative
expenses during the 2017 fourth quarter were $3.84 per boe, a
decrease of 10 percent year over year and a decrease of 7 percent
quarter over quarter.  Gathering, processing, and transportation
expenses during the 2017 fourth quarter were $7.15 per boe, a
decrease of 10 percent year over year and a decrease of 3 percent
quarter over quarter.

Capital Spending Overview

Chesapeake's total capital investments were approximately $2.458
billion during the 2017 full year, compared to approximately $1.697
billion in the 2016 full year.

Balance Sheet and Liquidity

As of Dec. 31, 2017, Chesapeake had $12.42 billion in total assets,
$12.79 billion in total liabilities and a total deficit of $372
million.  As of Dec. 31, 2017, Chesapeake's principal debt balance
was approximately $9.981 billion, compared to $9.989 billion as of
Dec. 31, 2016.  The company's liquidity as of
Dec. 31, 2017 was approximately $2.893 billion, which included cash
on hand and undrawn borrowing capacity of approximately $2.888
billion under the Company's senior secured revolving credit
facility.  As of Dec. 31, 2017, the company had $781 million of
outstanding borrowings under the revolving credit facility and had
used $116 million of the revolving credit facility for various
letters of credit.

The Company recently signed additional asset sales agreements for
properties in the Mid-Continent, including its Mississippian Lime
assets, for approximately $500 million in proceeds that the Company
expects to close by the end of the 2018 second quarter.  In
addition, the company sold approximately 4.3 million shares of FTS
International, Inc. (NYSE: FTSI) for approximately $74 million in
net proceeds and continues to hold approximately 22.0 million
shares in the publicly traded company.  FTSI is a provider of
hydraulic fracturing services in North America and a company in
which Chesapeake has owned a significant stake since 2006.  FTSI
completed its initial public offering of common shares on Feb. 6,
2018.  The proceeds from these divestitures will go toward reducing
Chesapeake's outstanding borrowings under its revolving credit
facility, to repurchase high coupon debt to reduce annual interest
expense, based on market conditions.

Operations Update

Chesapeake's average daily production for the 2017 full year was
approximately 547,800 boe compared to approximately 635,400 boe in
the 2016 full year.

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

                      https://is.gd/YLZyoD

                   About Chesapeake Energy

Based in Oklahoma City, Chesapeake Energy Corporation's (NYSE:CHK)
-- http://www.chk.com/-- is focused on discovering and developing
its large and geographically diverse resource base of
unconventional oil and natural gas assets onshore in the United
States.  The Company also owns oil and natural gas marketing and
natural gas compression businesses.

                          *    *    *

Chesapeake Energy carries a 'Caa1' corporate family rating from
Moody's Investors Service.  Moody's said Chesapeake's 'Caa1' CFR
incorporates its improving but modest cash flow generation at
Moody's commodity price estimates relative to the company's high
debt levels, as reported by the TCR on May 25, 2017.


CHINA FISHERY: Intercompany Claims Settlement Motion Filed
----------------------------------------------------------
BankruptcyData.com reported that China Fishery Group's Chapter 11
trustee filed with the U.S. Bankruptcy Court a settlement agreement
netting inter-company claims among and between CFG Peru Singapore,
the other Debtors and the non-debtor affiliates (including CFG Peru
Singapore subsidiaries). The settlement notes, "The Peruvian Opcos
have repeatedly been referred to as the 'crown jewels' of these
Chapter 11 Cases and their value is likely to be the prime source
of creditors' recoveries at the Debtor entities in the CFGL group.
The Chapter 11 Trustee controls CFG Peru Singapore….The Chapter
11 Trustee has sought to monetize all or substantially all of the
assets of the Peruvian Opcos, currently through a sale of CFG Peru
Singapore's equity interest in CFGI (the 'CFG Peru Sale'), the
proceeds of which would first be used to pay the creditors of the
Peruvian Opcos, with any remaining proceeds ultimately used to pay
creditors of CFG Peru Singapore and certain of the Other Debtors.
To date, thousands of individual claims have been scheduled, filed
or otherwise asserted in these Chapter 11 Cases (the 'Claims').
Finally, and most importantly, the Chapter 11 Trustee has concluded
that the uncertainty surrounding certain Intercompany Claims is
likely to chill bidding in the CFG Peru Sale, since potential
bidders cannot be sure whether they will be liable for any
Intercompany Claims even after the consummation of the CFG Peru
Sale process and exit from these Chapter 11 Cases given that the
Peruvian Opcos are non-debtor entities. Of particular significance
is an approximately $459 million Intercompany Claim owed by CFGI to
China Fishery International Limited ('CFIL'). To resolve these
concerns, the Chapter 11 Trustee, the Other Debtors, and the
Non-Debtor Affiliates, including the CFG Peru Singapore
Subsidiaries have reached a settlement to compensate, assign,
spin-off, contribute, forgive, capitalize, pay in kind or such
similar or equivalent mechanism as required by any specific
jurisdiction, the Intercompany Claims (collectively, 'Netting' or
'Netted')." The Court scheduled a March 14, 2018 hearing to
consider the settlement, with objections due by March 7, 2018.

           About China Fishery Group Limited (Cayman)

China Fishery Group Limited (Cayman) and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Lead Case No. 16-11895) on June 30, 2016.

In the petition signed by CEO Ng Puay Yee, China Fishery Group
estimated its assets at $500 million to $1 billion and debt at $10
million to $50 million.

The cases are assigned to Judge James L. Garrity Jr.

Weil, Gotshal & Manges LLP has been tapped to serve as lead
bankruptcy counsel for China Fishery and its affiliates other than
CFG Peru Investments Pte. Limited (Singapore).  Weil Gotshal
replaces Meyer, Suozzi, English & Klein, P.C., the law firm
initially hired by the Debtors.  The Debtors have also tapped
Klestadt Winters Jureller Southard & Stevens, LLP, as conflict
counsel; Goldin Associates, LLC, as financial advisor; RSR
Consulting LLC as restructuring consultant; and Epiq Bankruptcy
Solutions, LLC, as administrative agent.  Kwok Yih & Chan serves as
special counsel.

On Nov. 10, 2016, William Brandt, Jr., was appointed as Chapter 11
trustee for CFG Peru Investments Pte. Limited (Singapore), one of
the Debtors.  Skadden, Arps, Slate, Meagher & Flom LLP serves as
the trustee's bankruptcy counsel; Hogan Lovells US LLP serves as
special counsel; and Quinn Emanuel Urquhart & Sullivan, LLP, serves
as special litigation counsel.


CLEARWATER SEAFOODS: License Loss No Impact on Moody's B2 Rating
----------------------------------------------------------------
Moody's Investors Service commented that Clearwater Seafoods
Incorporated's loss of a new, fourth license for Arctic surf clam
in Canada is credit negative but has no impact on the company's B2
rating and stable outlook.


COBALT INT'L: Files Second Amended Plan of Reorganization
---------------------------------------------------------
BankruptcyData.com reported that Cobalt International Energy filed
with the U.S. Bankruptcy Court a Second Amended Chapter 11 Plan of
Reorganization and related Disclosure Statement. According to the
Disclosure Statement, "The Plan provides for the sale of all or
substantially all of the Debtors' business through a Sale
Transaction. The key terms of the Plan are as follows: Upon the
Effective Date, the provisions of the Plan shall constitute a
good-faith compromise and settlement of all Claims, Interests,
Causes of Action, and controversies released, settled, compromised,
discharged, or otherwise resolved pursuant to the Plan. The Plan
shall be deemed a motion to approve the good-faith compromise and
settlement of all such Claims, Interests, Causes of Action, and
controversies pursuant to Bankruptcy Rule 9019, and the entry of
the Confirmation Order shall constitute the Bankruptcy Court's
approval of such compromise and settlement under section 1123 of
the Bankruptcy Code and Bankruptcy Rule 9019, as well as a finding
by the Bankruptcy Court that such settlement and compromise is
fair, equitable, reasonable, and in the best interests of the
Debtors and their Estates. Distributions made to holders of Allowed
Claims in any Class are intended to be final. On the Effective
Date, the Plan Administrator shall be appointed by the Debtors, in
consultation with the Committee and the Second Lien Ad Hoc Group
(unless the Allowed Second Lien Notes Claims are paid in full, in
cash on the Effective Date or receive such other treatment
rendering the Allowed Second Lien Notes Claims Unimpaired). The
Plan Administrator shall act for the Debtors in the same fiduciary
capacity as applicable to a board of directors and officers."

                  About Cobalt International

Cobalt International Energy -- http://www.cobaltintl.com-- is an  
independent exploration and production company active in the
deepwater U.S. Gulf of Mexico and offshore West Africa.  Cobalt was
formed in 2005 and is headquartered in Houston, Texas.

Cobalt International Energy, Inc., and five of its subsidiaries
filed voluntary petitions for relief under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 17-36709) on Dec.
14, 2017.  In the petitions signed by CFO David D. Powell, the
Debtors reported total assets of $1.69 billion and total debt of
$3.16 billion as of Sept. 30, 2017.

The Debtors tapped Zack A. Clement PLLC as local bankruptcy
counsel; Kirkland & Ellis LLP and Kirkland & Ellis International
LLP as general bankruptcy counsel; Houlihan Lokey Capital, Inc., as
financial advisor and investment banker; Ernst & Young LLP as
auditor; and Kurtzman Carson Consultants LLC as claims and noticing
agent.  Baker Botts LLP and Susman Godfrey LLP serve as special
litigation counsel.

An official committee of unsecured creditors was appointed in the
Debtors' cases.  Pachulski Stang Ziehl & Jones LLP serves lead
counsel to the Committee; Snow Spence Green LLP as local counsel;
and Conway MacKenzie, Inc., as financial advisor.


COBALT INT'L: More Parties Object to Disclosure Statement
---------------------------------------------------------
BankruptcyData.com reported that multiple parties - including
Cobalt International Energy's official committee of unsecured
creditors; Fire and Police Retiree Health Care Fund; the City of
San Antonio; Wilmington Trust and GAMCO Global Gold, Natural
Resources & Income Trust, GAMCO Natural Resources, Gold & Income
Trust, Sjunde AP-Fonden, St. Lucie County Fire District
Firefighters Pension Trust Fund, Universal Investment Gesellschaft
(collectively, the "Securities Plaintiffs") - filed with the U.S.
Bankruptcy Court separate objections to the Company's Disclosure
Statement. The Securities Plaintiffs' objection asserts, "Stated
differently, this Court is being asked to ignore its prior order,
infringe upon the jurisdiction and authority of an Article III
court with respect to non-bankruptcy, non-core claims by
non-Debtors against non-Debtors pending solely in that court, and
strip disenfranchised investors of their only remedy by releasing
claims that have survived motions to dismiss, in exchange for no
consideration whatsoever. To resolve these threshold issues, the
Third-Party Release and the Plan Injunction should be modified as
set forth in paragraph 21 below to expressly exclude the claims of
the Securities Plaintiffs and the Certified Class from the
Third-Party Release and the Plan Injunction. Absent such a
carve-out, the Plan cannot be confirmed in its current form.
Debtors agreed to extend the Securities Plaintiffs' deadline to
object to the Motion and approval of the Disclosure Statement and
Solicitation Procedures through February 21, 2018. Given that the
Debtors' emergency motion to adjourn the hearing date and objection
deadline for the Disclosure Statement and the Motion is scheduled
to be heard after that time, the Securities Plaintiffs are filing
this Objection in an abundance of caution."

                 About Cobalt International

Cobalt International Energy -- http://www.cobaltintl.com-- is an
independent exploration and production company active in the
deepwater U.S. Gulf of Mexico and offshore West Africa.  Cobalt was
formed in 2005 and is headquartered in Houston, Texas.

Cobalt International Energy, Inc., and five of its subsidiaries
filed voluntary petitions for relief under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 17-36709) on Dec.
14, 2017.  In the petitions signed by CFO David D. Powell, the
Debtors reported total assets of $1.69 billion and total debt of
$3.16 billion as of Sept. 30, 2017.

The Debtors tapped Zack A. Clement PLLC as local bankruptcy
counsel; Kirkland & Ellis LLP and Kirkland & Ellis International
LLP as general bankruptcy counsel; Houlihan Lokey Capital, Inc., as
financial advisor and investment banker; Ernst & Young LLP as
auditor; and Kurtzman Carson Consultants LLC as claims and noticing
agent.  Baker Botts LLP and Susman Godfrey LLP serve as special
litigation counsel.

An official committee of unsecured creditors was appointed in the
Debtors' cases.  Pachulski Stang Ziehl & Jones LLP serves lead
counsel to the Committee; Snow Spence Green LLP as local counsel;
and Conway MacKenzie, Inc., as financial advisor.


COBALT INTERNATIONAL: Cancels Offerings Under Registration Stmts.
-----------------------------------------------------------------
Cobalt International Energy, Inc. and its subsidiaries filed with
the Securities and Exchange Commission a post-effective amendment
no. 1 to its Form S-3 registration statement to deregister all
securities remaining unissued under the following Registration
Statement filed by the Registrants with the Securities and Exchange
Commission:

   * Registration Statement on Form S-3 (No. 333-215280),
     originally filed on Dec. 22, 2016, as amended by Amendment
     No. 1 filed on Jan. 13, 2017, registering an aggregate of
     $1,000,000,000 of common stock, preferred stock, debt
     securities (including related guarantees by the
     Subsidiaries), warrants, purchase contracts and units of the
     Company.

In addition, Cobalt International filed post-effective amendments
to its Form S-8 registration statements to deregister all shares of
common stock, par value $0.01, of the Company remaining unissued
under the following Registration Statements on Form S-8 filed by
the Company with the SEC:

   * Registration Statement on Form S-8 (No. 333-217764), filed on
     May 8, 2017, registering 3,000,000 shares of Common Stock
     under the Cobalt International Energy, Inc. Second Amended
     and Restated Non-Employee Directors Compensation Plan.

   * Registration Statement on Form S-8 (No. 333-212403), filed on

     July 5, 2016, registering 2,985,074 shares of Common Stock
     under the Inducement Restricted Stock Award.

   * Registration Statement on Form S-8 (No. 333-211094), filed on

     May 3, 2016, registering 1,000,000 shares of Common Stock
     under the Cobalt International Energy, Inc. Amended and
     Restated Non-Employee Directors Compensation Plan.

   * Registration Statement on Form S-8 (No. 333-203877), filed on

     May 5, 2015, registering 12,000,000 shares of Common Stock
     under the Cobalt International Energy, Inc. 2015 Long Term
     Incentive Plan.

   * Registration Statement on Form S-8 (No. 333-164624), filed on

     February 1, 2010, registering an aggregate of 750,000 shares
     of Common Stock under the Cobalt International Energy, Inc.
     Non-Employee Directors Compensation Plan and the Cobalt
     International Energy, Inc. Non-Employee Directors Deferral
     Plan.

   * Registration Statement on Form S-8 (No. 333-163883), filed on

     December 21, 2009, registering an aggregate of 19,549,279
     shares of Common Stock under the Cobalt International Energy,

     Inc. Long Term Incentive Plan and the Cobalt International
     Energy, L.P. Deferred Compensation Plan.

As previously disclosed, on Dec. 14, 2017, the Registrants filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code in the U.S. Bankruptcy Court for the Southern District of
Texas.  The Chapter 11 cases are being administered jointly under
the caption In re Cobalt International Energy, Inc., et al., Case
No. 17-36709.

As a result of the Chapter 11 cases, the Registrants have
terminated all offerings of securities pursuant to the Registration
Statement.

                          About Cobalt

Cobalt -- http://www.cobaltintl.com-- is an independent
exploration and production company active in the deepwater U.S.
Gulf of Mexico and offshore West Africa.  Cobalt was formed in 2005
and is headquartered in Houston, Texas.

Cobalt International Energy, Inc. and five of its subsidiaries
filed voluntary petitions for relief under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 17-36709) on Dec.
14, 2017.  In the petitions signed by CFO David D. Powell, the
Debtors reported total assets of $1.69 billion and total debt of
$3.16 billion as of Sept. 30, 2017.

The Debtors are represented by Zack A. Clement PLLC as local
bankruptcy counsel, Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel, Houlihan Lokey
Capital, Inc., as financial advisor and investment banker, and
Kurtzman Carson Consultants LLC as claims and noticing agent.


COBALT INTERNATIONAL: Gets $150M Initial Payment from Sonangol
--------------------------------------------------------------
As previously disclosed, Cobalt International Energy Angola Ltd., a
wholly-owned subsidiary of Cobalt International Energy, Inc., and
certain other subsidiaries of the Company, executed a settlement
agreement, dated Dec. 19, 2017, with the Angolan National
Concessionaire Sociedade Nacional de Combustiveis de Angola -
Empresa Publica and Sonangol Pesquisa e Producao, S.A. to resolve
all disputes and transition the Company's interests in Blocks 20
and 21 offshore Angola to Sonangol for $500 million. Pursuant to
the Agreement, Sonangol was required to pay an initial
non-refundable payment of $150 million on or before Feb. 23, 2018
and is required to pay the final payment of $350 million on or
before July 1, 2018.

On Feb. 21, 2018, the Company received the Initial Payment from
Sonangol.  As required under the Agreement, within 48 hours of
receipt of the Initial Payment, the Company will (i) notify the
relevant International Chamber of Commerce arbitral tribunal of the
agreement between the Company and Sonangol to terminate the
proceedings related to the joint interest receivable owed to the
Company for operations on Block 21 offshore Angola (ICC Case No.
22782/TO) and (ii) notify the relevant ICC arbitral tribunal of the
agreement between the Company and Sonangol to extend the procedural
timetable by an additional four months for the proceedings related
to the purchase and sale agreement for the sale by the Company to
Sonangol of the Angola Assets (ICC Case No. 22781/TO).

In accordance with the Agreement, the Company and Sonangol are
finalizing definitive documentation to implement the Company's exit
from Angola and to extinguish all debts and obligations of the
Company and Sonangol to each other that have not already been
extinguished pursuant to the Agreement.  The Company's claims in
the PSA Arbitration will be extinguished upon the Company's receipt
of the Final Payment, which is due by July 1, 2018.

                           About Cobalt

Cobalt -- http://www.cobaltintl.com-- is an independent
exploration and production company active in the deepwater U.S.
Gulf of Mexico and offshore West Africa.  Cobalt was formed in 2005
and is headquartered in Houston, Texas.

Cobalt International Energy, Inc. and five of its subsidiaries
filed voluntary petitions for relief under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 17-36709) on Dec.
14, 2017.  In the petitions signed by CFO David D. Powell, the
Debtors reported total assets of $1.69 billion and total debt of
$3.16 billion as of Sept. 30, 2017.

The Debtors are represented by Zack A. Clement PLLC as local
bankruptcy counsel, Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel, Houlihan Lokey
Capital, Inc., as financial advisor and investment banker, and
Kurtzman Carson Consultants LLC as claims and noticing agent.


COLONIAL BANCGROUP: Ad Hoc Bondholders Group Taps Nelson Mullins
----------------------------------------------------------------
Shane G. Ramsey of the firm Nelson Mullins Riley & Scarborough LLP
submitted to the U.S. Bankruptcy Court for the Middle District of
Alabama a verified disclosure in accordance with Rule 2019 of the
Federal Rules of Bankruptcy Procedure with respect to Nelson
Mullins' representation of members of an ad hoc committee of
holders of:

     (i) 7.875% Trust Preferred Securities issued pursuant to
         an Indenture dated as of March 26, 2003, between The
         Colonial BancGroup, Inc., and U.S. Bank N.A. as Trustee
         and the  Amended and Restated Declaration of Trust
         dated as of March 26, 2003 between CBG and U.S. Bank
         N.A. and with a maturity date in 2033; and

    (ii) 8.875% subordinated notes issued pursuant to an
         Indenture dated as of March 1, 2008, between CBG and
         The Bank of New York Mellon Trust Company, N.A., as
         successor in interest to The Bank of New York Trust
         Company, N.A.

Mr. Ramsey disclosed that, in December 2017, certain members of the
Committee contacted and then engaged Nelson Mullins to represent
the Committee in connection with matters related to Colonial's
bankruptcy case and the pending litigation in the United States
District Court for the Middle District of Alabama between the
debtor Colonial BancGroup, Inc. and Pricewaterhouse Coopers, LLP
and Crowe Horwath LLP.

Mr. Ramsey attested that, other than as disclosed, Nelson Mullins
does not: (a) represent or purport to represent any other entities
with respect to the Bankruptcy Case; or (b) hold any claim against
or interest in the Debtor.  In addition, each member of the
Committee does not purport to act, represent, or speak on behalf of
any other entities in connection with the Bankruptcy Case.

Nelson Mullins, by and through Shane G. Ramsey, currently
represents these members of the Committee who hold interests in the
Debtor:

      a. MILFAM, LLC
         3300 S. Dixie Highway, Suite 1-365
         West Palm Beach, FL 33405

         Nelson Mullins has been retained to represent the
         unsecured in connection with all matters related
         to the Bankruptcy Case and the District Court Case.

      b. Alimco Financial Corporation
         3300 S. Dixie Highway, Suite 1-365
         West Palm Beach, FL 33405

         Nelson Mullins has been retained to represent the
         unsecured in connection with all matters related
         to the Bankruptcy Case and the District Court Case.

      c. Broadbill Partners II, LP
         c/o Broadbill Investment Partners, LLC
         157 Columbus Avenue, Suite 504
         New York, NY 10023

         Nelson Mullins represents Broadbill on an ongoing
         basis in various other matters.

      d. Black Rhino, LP
         c/o Broadbill Investment Partners, LLC
         157 Columbus Avenue, Suite 504
         New York, NY 10023

         Nelson Mullins has been retained to represent the
         unsecured in connection with all matters related
         to the Bankruptcy Case and the District Court Case.

      e. TAR Holdings, LLC
         2200 Fletcher Avenue, 5th Floor
         Fort Lee, NJ 07024

         Nelson Mullins has been retained to represent the
         unsecured in connection with all matters related
         to the Bankruptcy Case and the District Court Case.

      f. JDS1 LLC
         2200 Fletcher Avenue, 5th Floor
         Fort Lee, NJ 07024

         Nelson Mullins has been retained to represent the
         unsecured in connection with all matters related
         to the Bankruptcy Case and the District Court Case.

The Committee members hold these interests in Colonial:

  Entity         8.875% Sub Notes    7.875% TruPS    Total Claim
  ------         ----------------    ------------    -----------
MILFAM, LLC           $78,514,765     $40,017,712   $118,532,477
Alimco                $15,945,503      $9,726,962    $25,672,465
Broadbill             $52,322,179     $21,119,686    $73,441,864
Black Rhino            $6,357,856              $0     $6,357,856
TAR Holdings           $7,567,120              $0     $7,567,120
JDS1 LLC              $27,078,185     $15,431,082    $42,509,266
                 ----------------    ------------    -----------
Total Claim (Par     $187,785,607     $86,295,442   $274,081,048
+ Pre-petition
Interest) Held
by Movants

Total Claim Amount   $254,314,236    $104,310,584   $358,624,820
(Par + Pre-petition
Interest)

% of Outstanding             73.8%           82.7%          76.4%

Nelson Mullins has fully disclosed to each of the members of the Ad
Hoc Committee the possibility that the interests of each, as
creditors holding general unsecured claims, may potentially
conflict.  Each member of the Committee has consented to this joint
representation, after full disclosure.

The firm may be reached at:

         Shane G. Ramsey, Esq.
         NELSON, MULLINS, RILEY & SCARBOROUGH LLP
         150 Fourth Avenue, North, Suite 1100
         Nashville, TN 37219
         Telephone: (615) 664-5355
         Facsimile: (615) 664-5399
         E-Mail: shane.ramsey@nelsonmullins.com

              - and -

         Gregory M. Taube, Esq.
         NELSON, MULLINS, RILEY & SCARBOROUGH LLP
         201 17th Street, N.W., Suite 1700
         Atlanta, GA 30363
         Telephone: (404) 322-6000
         E-mail: greg.taube@nelsonmullins.com

                   About The Colonial BancGroup

Headquartered in Montgomery, Alabama, The Colonial BancGroup, Inc.,
(NYSE: CNB) owned Colonial Bank, N.A., its banking subsidiary.
Colonial Bank -- http://www.colonialbank.com/--  operated 354
branches in Florida, Alabama, Georgia, Nevada and Texas with over
$26 billion in assets.  On Aug. 14, 2009, Colonial Bank was seized
by regulators and the Federal Deposit Insurance Corporation was
named receiver.  The FDIC sold most of the assets to Branch Banking
and Trust, Winston-Salem, North Carolina.  BB&T acquired $22
billion in assets and assumed $20 billion in deposits of the Bank.

The Colonial BancGroup filed for Chapter 11 bankruptcy protection
(Bankr. M.D. Ala. Case No. 09-32303) on Aug. 25, 2009, disclosing
$45 million in total assets and $380 million in total liabilities
as of the Petition Date.

W. Clark Watson, Esq., at Balch & Bingham LLP, and Rufus T. Dorsey
IV, Esq., at Parker Hudson Rainer & Dobbs LLP, served as counsel
to
the Debtor.

Burr & Forman LLP and Schulte Roth & Zabel LLP served as co-counsel
for the Official Committee of Unsecured Creditors formed in the
case.

Colonial Brokerage, a wholly owned subsidiary of Colonial
BancGroup, filed for Chapter 7 protection with the U.S. Bankruptcy
Court in the Middle District of Alabama in June 2010.  Susan S.
DePaola serves as Chapter 7 trustee.

As reported by the Troubled Company Reporter in June 2011,
Bankruptcy Judge Dwight H. Williams Jr., signed off on Colonial
BancGroup's revised Chapter 11 liquidation plan over the objection
of the Federal Deposit Insurance Corp.


CONCORDIA INTERNATIONAL: Will Release 2017 Results on March 8
-------------------------------------------------------------
Concordia International Corp. intends to issue its fourth quarter
and year-end 2017 financial results via press release before market
open on Thursday, March 8, 2018.

The Company will subsequently hold a conference call that same day,
Thursday, March 8, 2018, at 8:30 a.m. ET hosted by Mr. Allan
Oberman, chief executive officer, and other senior management.  A
question-and-answer session will follow the corporate update.

    CONFERENCE CALL DETAILS
    DATE: Thursday, March 8, 2018
    TIME: 8:30 a.m. ET
    DIAL-IN NUMBER: (647) 427-7450 or (888) 231-8191
    TAPED REPLAY: (416) 849-0833 or (855) 859-2056
    REFERENCE NUMBER: 9289998

This call is being webcast and can be accessed by going to:

http://event.on24.com/r.htm?e=1602683&s=1&k=4B1F2F5D6D72A7BEA92E8C9BB0354437

                        About Concordia

Based in Ontario, Canada, Concordia -- http://www.concordiarx.com/
-- is an international specialty pharmaceutical company with a
diversified portfolio of more than 200 patented and off-patent
products, and sales in more than 90 countries.  Going forward, the
Company is focused on becoming a leader in European specialty,
off-patent medicines.  Concordia operates out of facilities in
Oakville, Ontario and, through its subsidiaries, operates out of
facilities in Bridgetown, Barbados; London, England and Mumbai,
India.

Concordia reported a net loss of US$1.31 billion for the year ended
Dec. 31, 2016, compared to a net loss of US$31.56 million in 2015.
As of Sept. 30, 2017, Concordia had US$2.65 billion in total
assets, US$4.12 billion in total liabilities and a total
shareholders' deficit of US$1.47 billion.

                           *    *    *

In October 2017, Moody's Investors Service downgraded the Corporate
Family Rating of Concordia to 'Ca' from 'Caa3'.  "Concordia's Ca
Corporate Family Rating reflects its very high financial leverage,
ongoing operating headwinds, and imminent risk of a debt
restructuring.  Moody's estimates adjusted debt/EBITDA will exceed
9.0x over the next 12 months as earnings decline on a year over
year basis."

In October 2017, S&P Global Ratings lowered its corporate credit
rating on Concordia to 'SD' from 'CCC-' and removed the rating from
CreditWatch, where it was placed with negative implications on
Sept. 18, 2017.  "The downgrade follows Concordia International's
announcement that it failed to make the Oct. 16, 2016, interest
payment on the 7% senior unsecured notes due 2023.  Given our view
of the company's debt level as unsustainable, and ongoing
restructuring discussions, we do not expect the company to make a
payment within the grace period."


CONSOLIDATED AEROSPACE: Moody's Hikes CFR to B2; Outlook Stable
---------------------------------------------------------------
Moody's Investors Service upgraded the ratings of Consolidated
Aerospace Manufacturing, LLC ("CAM"), including the Corporate
Family Rating (CFR) to B2 from B3 and the Probability of Default
Rating to B3-PD from Caa1-PD. Concurrently, Moody's upgraded the
ratings on the senior secured revolving and term loan facilities to
B2 from B3. The rating outlook is stable.

RATINGS RATIONALE

The ratings upgrade reflects improved operational performance,
meaningful earnings growth during 2017, and expectations of a
relatively robust set of credit metrics with Moody's adjusted
Debt-to-EBITDA anticipated to remain below 4.5x. The upgrade also
considers a strengthening liquidity profile along with expectations
of financial covenant relief for the company's revolving credit
facility, that should provide full access to the facility going
forward.

The B2 corporate family rating (CFR) balances CAM's small scale and
limited (and mixed) operating history against expectations of a
relatively robust set of credit metrics and a comparatively
conservative financial policy. Over the next few years, Moody's
expect favorable industry fundamentals and improved operating
performance to support a moderately leveraged balance sheet
(Debt/EBITDA less than 4.5x) accompanied by healthy cash flow
(FCF/Debt in mid-single digits) and profitability measures (EBITDA
margins in the low-20% range). The rating also favorably considers
lengthy qualification processes, multi-year customer contracts, and
on-going investments in capacity and new product development that
should support future sales growth.

These positive considerations are tempered by CAM's fundamental
reliance on cyclical commercial aerospace markets (90% of sales) as
well as the company's limited track record as a consolidated entity
and its uneven historical operating results. A high degree of
customer concentration coupled with a modest size that leaves the
company vulnerable to considerable pricing pressure from its
large-sized OEM and tier one customers, also acts as a tempering
consideration.

Moody's expects CAM to maintain a good liquidity profile over the
next 12 months. Moody's anticipate comparatively healthy levels of
free cash flow generation during 2018 with FCF-to-Debt expected to
be in the mid-single digits. Amortization on term debt is modest at
roughly $3 million per annum and there are no principal obligations
due until 2020. External liquidity is provided by an undrawn $25
million revolving credit facility that expires in 2020. The
revolver contains a springing net leverage covenant that comes into
effect if usage under the facility exceeds 25%. The existing
covenant of 4.0x currently limits borrowings to around $2 million,
although Moody's note that the company is seeking lender approval
to amend the net leverage covenant to 5.25x (with step-downs),
which should provide full access to the facility going forward.

The stable outlook reflects Moody's expectation that favorable
commercial aerospace fundamentals and good operating performance
will support modest revenue and earnings growth over the next 12 to
18 months.

A significantly larger scale and a greater variety of markets
served would support a ratings upgrade. Given the company's
relatively modest size, Moody's would expect CAM to maintain credit
metrics that are stronger than levels typically associated with
companies at the same rating level. The ratings could be upgraded
if Debt-to-EBITDA was expected to remain below 4x, combined with
EBITDA margins sustained in the mid-20% range, with FCF-to-Debt
consistently above 10%. Maintenance of a strong liquidity profile
would be a prerequisite for any upward rating action.

The ratings could be downgraded if Debt-to-EBITDA was expected to
remain above 6.0x. Negative rating pressure could be prompted by a
declining earnings and cash flow profile such that EBITDA margins
were anticipated to remain in the high-teens range or if
FCF-to-Debt was expected to remain below 5%. The loss of a large
customer, a weakening liquidity profile, or sustained operational
issues could also pressure the rating downward.

Issuer: Consolidated Aerospace Manufacturing, LLC

The following ratings were upgraded:

Corporate Family Rating, upgraded to B2 from B3

Probability of Default Rating, upgraded to B3-PD from Caa1-PD

$25 million senior secured revolving credit facility due 2020,
upgraded to B2 (LGD3) from B3 (LGD3)

$242 million senior secured term loan (including $15 million
add-on) due 2022, upgraded to B2 (LGD3) from B3 (LGD3)

Outlook stable

Consolidated Aerospace Manufacturing, LLC ("CAM") is a manufacturer
of aerospace fasteners, fittings, and other aerospace parts and
components. CAM serves commercial aerospace, defense and industrial
end-markets. The company was founded in 2012, is headquartered in
Brea, California and is a portfolio company of Tinicum L.P., an
investment partnership managed by Tinicum Incorporated. Estimated
sales for the twelve months ended December 2017 were $245 million.


CUZCO DEVELOPMENT: Must Refund USTC for Rent Paid in Trust Fund
---------------------------------------------------------------
Cuzco Development U.S.A., LLC, the reorganized debtor, filed an
objection to Claim Nos. 34 and 35 filed by USTC HI, Inc. An
evidentiary hearing was held on Jan. 17 and 18, 2018. Based on the
evidence received, Bankruptcy Judge Robert J. Faris overruled
Cuzco's objection to USTC's claim.

Cuzco is a Hawaii limited liability company that owns a parcel of
real estate on Keeaumoku Street in Honolulu called the "Keeaumoku
Shopping Center." The Keeaumoku Shopping Center consists of
multiple buildings rented to commercial tenants.

Under a lease dated August 18, 2014, Cuzco rented Space I-203 (the
"Premises") in the Keeaumoku Shopping Center to USTC. Hyung Soo
Jang signed the Cuzco Lease on behalf of Cuzco and Casey Lee signed
as president of USTC. USTC operates a martial arts studio in the
Premises.

From the inception of the Cuzco Lease and continuing to the
present, the Premises suffered water intrusion due to roof leaks.
Nevertheless, USTC paid all of the rent that became due under the
Cuzco Lease until October 2015.

Mr. Jang caused Cuzco to enter into a master lease dated June 26,
2015, pursuant to which Cuzco ostensibly leased the entire
Keeaumoku Shopping Center to JCCHO Hawaii, LLC.

USTC's sole claim is that, by virtue of the rent abatement letter,
it is entitled to repayment of the rent that it has paid into the
state district court rent trust fund. USTC does not claim any other
damages as a result of the roof leaks.

If the master lease is valid, then the JCCHO Lease between JCCHO
and USTC is valid and enforceable against Cuzco. Under the master
lease, JCCHO had the authority to sublease the Premises to USTC.
Even if the master lease was invalid, Cuzco gave actual or apparent
authority to Mr. Jang to manage the property, Mr. Jang told USTC
that JCCHO would take over management of the Keeaumoku Shopping
Center, and USTC was entitled to rely on that authority and
representation when it entered into the JCCHO Lease.

Cuzco argues that it does not owe USTC the rent that is being held
in the rent trust fund, and that USTC's sole remedy is to seek
relief in the state district court. But the dispute about the rent
monies turns on the underlying questions of whether the rent
abatement letter is binding on Cuzco and whether USTC's proofs of
claim should be allowed or disallowed. The bankruptcy court can and
should determine whether and to what extent a contract binds Cuzco,
a debtor in bankruptcy.

Cuzco also argues that the rent abatement letter is unenforceable
because it is not supported by consideration. Because JCCHO signed
and delivered the rent abatement letter, after the parties signed
and delivered the JCCHO Lease, the rent abatement letter is a
modification of the JCCHO Lease.

Cuzco argues that the rent abatement letter was a grossly unequal
bargain. But this is irrelevant. Consideration need not have
quantifiable financial value. "[I]f a person chooses to make an
extravagant promise for an inadequate consideration, it is entirely
his own affair."

Further, the bargain is not as unequal as it might appear. Cuzco's
property manager testified at trial that replacing the roof of the
building, in which the Premises are located, would cost $15,000 to
$20,000. This is equivalent to three or four months rent, under
either of the USTC leases. If Cuzco had promptly made the roof
repairs, the bargain would have been reasonably equal. Cuzco chose
not to do so.

Therefore, Cuzco's objection to USTC's claim is overruled. Cuzco is
not entitled to collect rent for the period from Nov. 1, 2015 to
the present day, and continuing until the roof leaks are corrected.
USTC is entitled to a refund of any rent it has paid for that
period. Cuzco may satisfy this claim by stipulating with USTC to
return of the rent trust fund held by the state district court to
USTC and to terminate USTC's obligation to make further deposits.

The bankruptcy case is in re: CUZCO DEVELOPMENT U.S.A., LLC,
Chapter 11, Debtor, Case No. 16-00636 (Bankr. D. Haw.).

A full-text copy of Judge Faris' Findings of Fact and Conclusions
of Law dated Feb. 9, 2018 is available at https://is.gd/tDuaQA from
Leagle.com.

Cuzco Development U.S.A., LLC, Debtor, represented by Chuck C. Choi
-- cchoi@hibklaw.com -- CHOI & ITO & Allison A. Ito --
aito@hibklaw.com -- CHOI & ITO.

Office of the U.S. Trustee., U.S. Trustee, represented by Curtis B.
Ching, Office of The United States Trustee.

                      About Cuzco Development

Cuzco Development U.S.A., LLC, sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. D. Hawaii Case No. 16-00636) on
June 20, 2016.

The petition was signed by Kay Nakano, responsible individual. The
case is assigned to Judge Robert J. Faris.

At the time of the filing, the Debtor estimated its assets and
liabilities at $10 million to $50 million.

The confirmation hearing on the Debtor's plan of reorganization is
on Feb. 13, 2017.  The TCR reported on Dec. 23, 2016, that Judge
Faris approved the Debtor's first amended disclosure statement for
its Chapter 11 plan of reorganization, dated Dec. 5, 2016, which
proposed that the holder of an allowed general unsecured claims
receive on account of its claim in full and complete satisfaction,
discharge and release thereof: 100% of their allowed claims with
post-petition interest at 3% simple interest per annum paid in full
within 30 days after the Refinance deadline.


CYN RESTAURANTS: Allowed to Use Cash Collateral Until March 5
-------------------------------------------------------------
Judge Ann M. Nevins of the U.S. Bankruptcy Court for the District
of Connecticut authorized Cyn Restaurants LLC to use cash
collateral through a preliminary period of 14 days or until March
5, 2018, to continue the usual and ordinary operations its business
by paying those budgeted expenditures set forth on the Budget.

The approved Budget provides total cash disbursement of
approximately $34,647 for the month of February 2018.

As of the Petition Date, the Debtor was indebted to Webster Bank in
the amount of $382,176. The Debtor was also indebted to Community
Investment Corp. in the amount of $208,000.  

Webster Bank and Community Investment Corp. are granted
postpetition claims against the Debtor's estate, which will have
priority in payment over any other indebtedness and/or obligations
now in existence or incurred hereafter by the Debtor and over all
administrative expenses or charges against property of the kind
specified in 11 U.S.C.

Webster Bank and Community Investment Corp. are also granted
enforceable and perfected replacement liens and/or security
interests in the post-petition assets of the Debtor's estate
equivalent in nature, priority and extent to the liens and/or
security interests of Webster Bank and Community Investment Corp.
in the pre-petition collateral and the proceeds and products
thereof, subject to the Carve-Out.

Additionally the debtor will pay Webster Bank $1,360 as adequate
protection for the month of February, 2018.

The Debtor will continue to keep the Collateral fully insured
against all loss, peril and hazard and make Webster Bank loss
payees as their interests appear under such policies.

A further hearing on the continued use of cash collateral will be
held on February 28, 2018 at 2:00 p.m.

A full-text copy of the Preliminary Order is available at:

         http://bankrupt.com/misc/ctb18-30185-37.pdf

                    About Cyn Restaurants

Based in Shelton, Connecticut, Cyn Restaurants LLC is engaged in
the business of the operation of a restaurant known as Stone's
Throw located at 337 Roosevelt Drive, Seymour, CT.

Cyn Restaurants filed a Chapter 11 petition (Bankr. D. Conn. Case
No. 18-30185) on Feb. 5, 2018.  In the petition signed by Peter
Hamme, the Debtor estimated $100,000 to $500,000 in assets and
$500,001 to $1 million in liabilities.  James M. Nugent, Esq., at
Harlow, Adams & Friedman, P.C., is the Debtor's counsel.


DAILY GAZETTE: Taps Dirks Van Essen as Broker
---------------------------------------------
Daily Gazette Company seeks approval from the U.S. Bankruptcy Court
for the Southern District of West Virginia to hire Dirks, Van Essen
& Murray as its broker.

The firm will assist the company and its affiliates in the review
and monitoring of the asset sale process; assist in identifying all
logical prospective purchasers; work with the Debtors in
formulating a strategy for effecting a sale of their assets;
participate in discussions with potential purchasers and any
official committees formed; and provide other services related to
the Debtors' Chapter 11 cases.

Dirks will be paid a commission of 1.3% of the total gross purchase
price and will be reimbursed for work-related expenses incurred.

Philip Murray, vice-president of Dirks, disclosed in a court filing
that his firm does not hold or represent any interest adverse to
the Debtors' estates.

Dirks can be reached through:

     Philip W. Murray
     Dirks, Van Essen & Murray
     119 East Marcy Street, Suite 100
     Santa Fe, New Mexico 87501
     Phone: (505) 820-2700
     Fax: (505) 820-2900
     Email: phil@dirksvanessen.com

                  About Daily Gazette Company

Headquartered in Charleston, West Virginia, Daily Gazette Company
and its affiliates operate privately owned information and
entertainment businesses consisting of the flagship newspaper, The
Charleston Gazette-Mail, as well as a related website, weekly
publications, a saturation mail product and the following
verticals: http://www.wvcarfinder.com/;  
http://www.wvrealestatefinder.com/;    
http://www.wvjobfinder.com/; and  
http://www.gazettemailclassifieds.com/   

Daily Gazette Company and certain of its affiliates sought for
bankruptcy protection under Chapter 11 (Bankr. S.D. W.Va. Lead Case
No. 18-20028) on Jan. 30, 2018.  In the petition signed by Norman
W. Shumate III, authorized signatory, Daily Gazette Company
estimated assets of $1 million to $10 million and liabilities of
$10 million to $50 million.

Affiliates that simultaneously filed Chapter 11 petitions:

    Debtor                                      Case No.
    ------                                      --------
    Daily Gazette Company                       18-20028
    Daily Gazette Holding Company, LLC          18-20029
    Charleston Newspapers Holdings, L.P.        18-20030
    Daily Gazette Publishing Company, LLC       18-20032
    Charleston Newspapers                       18-20033
    G-M Properties, Inc.                        18-20034

Judge Frank W. Volk is the case judge.

The Debtors tapped Perkins Coie LLP, as lead counsel, and Supple
Law Office, PLLC, as co-counsel.  The Debtors hired Phil Murray and
Dirks, Van Essen & Murray as consultant and broker.


DE NOVO IMPORTS: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: De Novo Imports, Inc.
        51 Hartz Way
        Secaucus, NJ 07094

Business Description: De Novo Imports, Inc. --
                      http://www.denovoimports.com-- is a
                      fashion accessories supplier in Secaucus,
                      New Jersey.  De Novo designs six different
                      lines of jewelry that cater to the fashion
                      needs and tastes of wide array of consumer
                      segments.  De Novo Imports began as a small
                      family business in 2002.

Chapter 11 Petition Date: February 23, 2018

Case No.: 18-13487

Court: United States Bankruptcy Court
       District of New Jersey (Newark)

Judge: Hon. John K. Sherwood

Debtor's Counsel: David L. Stevens
                  SCURA, WIGFIELD, HEYER, STEVENS & CAMMAROTA, LLP
                  1599 Hamburg Turnpike
                  Wayne, NJ 07470
                  Tel: 973-696-8391
                  Email: dstevens@scuramealey.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Min Sun Kim, 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/njb18-13487.pdf


DELTAVILLE BOATYARD: Has Court's Nod to Obtain DIP Financing
------------------------------------------------------------
The Hon. Keith L. Phillips of the U.S. Bankruptcy Court for the
Eastern District of Virginia has authorized Deltaville Boatyard,
LLC, and its affiliates to obtain postpetition financing.

The Debtors and the Lender have reached an agreement pursuant to
which the Lender may provide certain postpetition financing to the
Debtors to be secured by a first-priority, senior security interest
in and lien upon the cash received in payment of the grants, with
the consent of SummitBridge.

A copy of the court order is available at:

          http://bankrupt.com/misc/vaeb16-35974-217.pdf

As reported by the Troubled Company Reporter on Feb. 2, 2018, the
Debtors sought court permission to obtain postpetition financing in
an amount up to $250,000 from Arthur Wilton, Waddy Garrett, Paul
Howle, Bev Columbine, James Rogers, Donnie Hatchett, John Ward, Ed
Ruark and/or Glen Doncaster.  The Debtors sought the Financing
after having expended all amounts currently in the infrastructure
account.

                   About Deltaville Boatyard

Deltaville Boatyard, LLC, is the entity that operates a world
renowned boat yard and marina in Deltaville, Virginia.  Boatyard
Rentals, LLC, is the entity that owns the yard, and Deltaville
Marina, LLC, is the entity that owns the marina.

Boatyard Rentals, Deltaville Marina, and Deltaville Boatyard filed
Chapter 11 petitions (Bankr. Case Nos. 16-35389, 16-35390, and
16-35974, respectively) on Nov. 2, 2016.  

In the petitions signed by Kieth Ruse, manager, Boatyard Rentals
estimated assets of less than $1 million and liabilities of $1
million to $10 million.  Deltaville Marina estimated both assets
and liabilities of $1 million to $10 million at the time of the
filing.  Deltaville Boatyard estimated assets of less than $500,000
and liabilities of $1 million to $10 million.

Boatyard Rentals and Deltaville Boatyard' cases are assigned to
Judge Keith L. Phillips.  Deltaville Marina's case is assigned to
Judge Kevin R. Huennekens.  

The Debtors are represented by Paula S. Beran, Esq., at Tavenner &
Beran, PLC.


DEXTERA SURGICAL: Closes Sale of All Assets to Aesculap for $17M
----------------------------------------------------------------
Consistent with the terms of an asset purchase agreement, on Feb.
20, 2018, Dextera Surgical Inc. sold substantially all of its
assets to Aesculap, Inc.'s designee, AesDex, LLC, for $17.3
million.  Of this amount, Dextera Surgical received approximately
$13.6 million, with an additional $2 million funded into an escrow
account for 24 months.  The balance of the $17.3 million purchase
price was used to repay the DIP Loan Amount of $0.9 million, make
payments to counterparties to assigned contracts and leases, and
pay associated closing expenses.

On Dec. 11, 2017, Dextera Surgical and Aesculap, Inc. entered into
the Asset Purchase Agreement pursuant to which Dextera Surgical
agreed to sell substantially all of its assets to Aesculap or its
designee for $17.3 million.  Immediately thereafter, Dextera
Surgical filed a voluntary petition for reorganization under
Chapter 11 of Bankruptcy Code in the U.S. Bankruptcy Court for the
District of Delaware.

In connection with entering into the Asset Purchase Agreement, on
Dec. 15, 2017, Dextera Surgical and Aesculap entered into a
Post-Petition Loan and Security Agreement pursuant to which
Aesculap agreed to loan to Dextera Surgical funds necessary to
conduct its business through the process for the sale of its
assets.  

Aesculap is part of the B. Braun Group.  Dextera Surgical had a
marketing and distribution agreement to distribute Dextera
Surgical's MicroCutter 5/80 surgical stapler in Spain with B. Braun
Surgical S.A., another part of the B. Braun Group, prior to
entering into the Asset Purchase Agreement.  The purchase price for
the assets was determined in arms-length negotiations with
Aesculap, and the sale of the assets was approved by the Court.

Dextera Surgical does not anticipate filing financial statements
for the sale of the assets, or pro forma financial statements, due
to the fact that following the sale of the assets Dextera Surgical
is no longer an operating company and lacks the personnel required
to do so.

                    About Dextera Surgical

Headquartered in Redwood City, California, Dextera Surgical Inc.
(DXTR:US OTC US) -- https://www.dexterasurgical.com/ -- is a
medical device company that designs and manufactures proprietary
stapling devices that enable the advancement of minimally invasive
surgical procedures.  Founded in 1997 as Vascular Innovations,
Inc., the Company changed its name in November 2001 to Cardica,
Inc., and in June 2016 to Dextera Surgical Inc.

Dextera Surgical sought Chapter 11 protection (Bankr. D. Del. Case
No. 17-12913) on Dec. 11, 2017.  Dextera Surgical also entered into
an asset purchase agreement with Aesculap, Inc, an affiliate of B.
Braun Group, for approximately $17.3 million.

The Company disclosed $6.53 million in total assets and $14.82
million in total debt as of Sept. 30, 2017.

The Debtor tapped Saul Ewing Arnstein & Lehr LLP as counsel; Cooley
LLP as special corporate counsel; JMP Securities, LLC, as financial
advisor and investment banker; and Rust Consulting/Omni Bankruptcy
as claims and noticing agent.


DIAGNOSTIC CENTER: Taps McNair & Associates as Accountant
---------------------------------------------------------
Diagnostic Center of Medicine (Allen) LLP seeks approval from the
U.S. Bankruptcy Court for the District of Nevada to hire McNair &
Associates, Chtd. as its accountant.

The firm will provide general bookkeeping services; prepare and
file the Debtor's tax documents; assist in the preparation of its
schedules; and maintain its financial books and records.

The firm's hourly rates are:

     Sharon McNair, Partner     $250
     Managers                   $160
     Professional Staff         $150
     Support Staff               $90

Sharon McNair, a certified public accountant and partner at McNair
& Associates, disclosed in a court filing that she does not hold or
represent any interest adverse to the Debtor or its estate.

The firm can be reached through:

         Sharon McNair
         McNair & Associates, Chtd.
         4955 S. Durango Drive, Suite 207
         Las Vegas, NV 89113
         Phone: 702-646-0888
         Fax: 702-646-4440
         E-mail: Sharon@McNaircpas.com

                About Diagnostic Center of Medicine

Diagnostic Center of Medicine (Allen) LLP, in practice since 1977,
is an internal medicine and family medicine group in Southern
Nevada with locations in Henderson and Durango. Diagnostic Center
of Medicine Allen) LLP filed a Chapter 11 petition (Bankr. D. Nev.
Case No.: 18-10152) on Jan. 12, 2017.  In the petition signed by
CEO Lawrence M. Allen, M.D., the Debtor disclosed $1.70 million in
total assets and $6.08 million total debt.  The case is assigned to
Judge Laurel E. Davis.  The Debtor is represented by Samuel A.
Schwartz, Esq., at Schwartz Flansburg PLLC, as counsel.


DPW HOLDINGS: Holds 8.8% Stake in WSI Industries as of Feb. 20
--------------------------------------------------------------
DPW Holdings, Inc., disclosed in a regulatory filing with the
Securities and Exchange Commission that as of Feb. 20, 2018, it
beneficially owns 259,915 shares of common stock of WSI Industries,
Inc., constituting 8.8 percent 8.8% (based on 2,951,676 shares of
common stock outstanding as of Dec. 22, 2017).  

The Schedule 13D/A was filed to report a transaction in which DPW
Holdings purchased an additional 12,025 shares of WSI Industries'
Common Stock in the open market since its Schedule 13D/A filed with
the SEC on Jan. 16, 2018 and therefore presently owns aggregate of
259,915 those shares.

Milton C. Ault III, the chief executive officer of DPW Holdings
sent a letter dated Feb. 16, 2018 that arrived on Feb. 20, 2018 to
Michael J. Pudil, the chairman and chief executive officer of WSI
Industries, which letter sets forth the Reporting Person's
intention, among other items, to commence a tender offer to acquire
a majority of the issued and outstanding shares of Common Stock at
the proposed purchase price of $6.00 per share in cash.  A copy of
the letter is available for free at https://is.gd/R2AFx4

The Reporting Person has acquired the Common Stock for investment
purposes and with a view to acquiring a controlling interest in the
Issuer.  Depending on market-related and other conditions, the
Reporting Persons may increase or decrease its beneficial ownership
of the shares of Common Stock.

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

                      https://is.gd/YH8b1I

                       About DPW Holdings

Headquartered in Fremont, California, DPW Holdings, Inc.,  formerly
known as Digital Power Corp. -- http://www.DPWHoldings.com-- is a
diversified holding company that, through its wholly owned
subsidiary, Coolisys Technologies, Inc., is dedicated to providing
technology-based solutions where innovation is the main driver for
mission-critical applications and lifesaving services.  Coolisys'
growth strategy targets core markets that are characterized by
"high barriers to entry" and include specialized products and
services not likely to be commoditized.  Coolisys through its
portfolio companies develops and manufactures cutting-edge resonant
switching power topologies, specialized complex high-frequency
radio frequency (RF) and microwave detector-log video amplifiers,
very high-frequency filters and naval power conversion and
distribution equipment.  Coolisys services the defense, aerospace,
medical and industrial sectors and manages four entities including
Digital Power Corporation, www.DigiPwr.com, a leading manufacturer
based in Northern California, 1-877-634-0982; Digital Power Limited
dba Gresham Power Ltd., www.GreshamPower.com, a manufacturer based
in Salisbury, UK.; Microphase Corporation, www.MicroPhase.com with
its headquarters in Shelton, CT 1- 203-866-8000; and Power-Plus
Technical Distributors, www.Power-Plus.com, a wholesale distributor
based in Sonora, CA 1-800-963-0066.  Coolisys operates the branded
division, Super Crypto Power, www.SuperCryptoPower.com.

Digital Power reported a net loss of $1.12 million for the year
ended Dec. 31, 2016, and a net loss of $1.09 million for the year
ended Dec. 31, 2015.  As of Sept. 30, 2017, Digital Power had
$18.26 million in total assets, $10.79 million in total liabilities
and $7.46 million in total equity.

"The Company expects to continue to incur losses for the
foreseeable future and needs to raise additional capital to
continue its business development initiatives and to support its
working capital requirements.  In March 2017, the Company was
awarded a 3-year, $50 million purchase order by MTIX Ltd. ("MTIX")
to manufacture, install and service the Multiplex Laser Surface
Enhancement ("MLSE") plasma-laser system.  Management believes that
the MLSE purchase order will be a source of revenue and generate
significant cash flows for the Company.  Management believes that
the Company has access to capital resources through potential
public or private issuance of debt or equity securities. However,
if the Company is unable to raise additional capital, it may be
required to curtail operations and take additional measures to
reduce costs, including reducing its workforce, eliminating outside
consultants and reducing legal fees to conserve its cash in amounts
sufficient to sustain operations and meet its obligations.  These
matters raise substantial doubt about the Company's ability to
continue as a going concern," said the Company in its quarterly
report for the period ended Sept. 30, 2017.


EAGLE REBAR: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Eagle Rebar and Cable Co., Inc.
        14411 Hwy 49
        Gulfport, MS 39503

Business Description: Eagle Rebar and Cable Co., Inc. is a
                      privately held steel erecting company in
                      Gulfport, Mississippi.
                      
Chapter 11 Petition Date: February 23, 2018

Case No.: 18-50328

Court: United States Bankruptcy Court
       Southern District of Mississippi
      (Gulfport-6 Divisional Office)

Judge: Hon. Katharine M. Samson

Debtor's Counsel: Craig M. Geno, Esq.
                  LAW OFFICES OF CRAIG M. GENO, PLLC
                  587 Highland Colony Pkwy.
                  Ridgeland, MS 39157
                  Tel: 601 427-0048
                  Fax: 601-427-0050
                  Email: cmgeno@cmgenolaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Billy R. Moore, director/vice
president.

The Debtor failed to incorporate in the 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/mssb18-50328.pdf


ELMIRA, NY: S&P Lowers General Obligation Debt Rating to 'BB+'
--------------------------------------------------------------
S&P Global Ratings lowered its long-term rating and underlying
rating (SPUR) to 'BB+' from 'BBB' on Elmira, N.Y.'s general
obligation debt. The outlook is stable.

"The rating action reflects our view of the city's ongoing
challenges to align revenue and expenditures to maintain structural
balance," said S&P Global Ratings credit analyst Nora Wittstruck.

The stable outlook recognizes improved preliminary results for
fiscal 2017, which made progress toward closing prior-year budget
gaps, and management's budget stabilization plan to achieve
structural balance over the longer term.




ENCORE PROPERTY: Chapter 11 Petition Dismissed as Bad Faith Filing
------------------------------------------------------------------
Judge Paul R. Warren of the U.S. Bankruptcy Court for the Western
District of New York entered an order granting Wells Fargo's motion
to dismiss Encore Property Management of Western New York, LLC's
chapter 11 petition as a bad faith filing.

It is well established that a debtor's lack of good faith in filing
a petition may constitute sufficient cause to dismiss a Chapter 11
case. In determining whether good faith is absent (and bad faith is
present), the court must consider the totality of the circumstances
-- not one single factor. The Second Circuit has identified eight
factors as adequate evidence of a bad faith filing:

   (1) the debtor has only one asset;

   (2) the debtor has few unsecured creditors whose claims are
small in relation to those of the secured creditors;

   (3) the debtor's one asset is the subject of a foreclosure
action as a result of arrearages or default on the debt;

   (4) the debtor's financial condition is, in essence, a two-party
dispute between the debtor and secured creditors which can be
resolved in the pending state foreclosure action;

   (5) the timing of the debtor's filing evidences an intent to
delay or frustrate the legitimate efforts of the debtor's secured
creditors to enforce their rights;

   (6) the debtor has little or no cash flow;

   (7) the debtor can't meet current expenses including the payment
of personal property and real estate taxes; and

   (8) the debtor has no employees.

Here, nearly all of the factors are present--and the presence of
these factors is not disputed. First, Encore Western’s only
assets are the same portfolio of properties that are the subject of
the $117 million judgment of foreclosure in favor of Wells Fargo.
Next, the source of Encore Western's financial problems stems from
a two-party dispute, in which Encore Western challenges the
validity of Wells Fargo’s mortgage on the properties--a challenge
that has been repeatedly rejected by the state courts. The fact
that Encore Rochester has its own disputes with Wells Fargo
concerning the Imperial Manor Apartments does not negate this
factor. The dispute is between Wells Fargo and Encore Western--and,
by way of collateral state court litigation, Encore Rochester (a
predecessor in interest to the real estate at issue). No innocent
"third parties" to this Chapter 11 exist, in any meaningful sense.
Next, the most recent Chapter 11 bankruptcy cases--filed in
December 2017 and January 2018--were each filed literally on the
eve of a scheduled foreclosure sale. And finally, the properties
have been under the management and control of the receiver for
nearly 9 years--Encore Western, as a legal entity, has no cash flow
and no employees.

In sum, Encore Western has no viable business to rehabilitate. It
seems that Encore Western's only "business" is to litigate with
Wells Fargo, doubtlessly adding great expense to the bottom line
but not generating even one dollar of income. "As a general rule
where, as here, the timing of the filing of a Chapter 11 petition
is such that there can be no doubt that the primary, if not sole,
purpose of the filing was a litigation tactic, the petition may be
dismissed as not being filed in good faith."

To conclude, the Court finds, based on the uncontroverted facts,
that the Chapter 11 case was filed in bad faith.

A copy of Judge Warren's Decision and Order dated Feb. 16, 2018 is
available at:

     http://bankrupt.com/misc/nywb2-18-20014-52.pdf

              About Encore Property Management

Encore Property Management of Western New York, LLC, is a privately
owned company that leases real estate.  Encore Property has 10
commercial and apartment buildings and three parking lots in
Rochester and Greece, New York with an aggregate value of $55.74
million.  The Company previously sought bankruptcy protection
(Bankr. W.D.N.Y. Case No. 17-21325) on Dec. 15, 2017.

Encore Property Management again filed a Chapter 11 petition
(Bankr. W.D.N.Y. Case No. 18-20014) on Jan. 8, 2018.  At the time
of filing, the Debtor estimated $50 million to $100 million in
total assets and $100 million to $500 million in total liabilities.
The Hon. Warren, U.S.B.J., presides over the case.  David S.
Stern, Esq., is the Debtor's counsel.


ENERGY FUTURE: Files 1st Amended Supplement to Reorg Plan
---------------------------------------------------------
BankruptcyData.com reported that Energy Future Holdings (EFH) filed
with the U.S. Bankruptcy Court a first amended Supplement to the
First Amended Joint Chapter 11 Plan of Reorganization of EFH/Energy
Future Intermediate Holding (EFIH).  The Supplement contains the
following documents: Exhibit A - amended retained
causes of action; Exhibit B: amended tax contingency disclosure;
Exhibit C: EFH Plan administrator trust agreement; Exhibit D:
merger agreement amendment No. 1: waiver agreement and Exhibit E:
merger agreement amendment No. 2: settlement agreement.  The second
amendment in the merger and settlement agreement notes, "The EFH
Plan Administrator Board shall distribute the amounts from the
Accessible Account Deposit in accordance with the Plan of
Reorganization.  For the avoidance of doubt, the EFH Plan
Administrator Board shall be entitled to create such sub-accounts
in the EFH/EFIH Cash Distribution Account as necessary to
consummate the transactions contemplated by the Plan of
Reorganization. 'Cash Deposit Amount' shall mean $9,450,000,000,
less the DIP Repayment; provided, that the Cash Deposit Amount
shall be reduced in accordance with Section 1.8.  In no event shall
the amount deposited by Merger Sub pursuant to Section 1.7(a), plus
the DIP Repayment, plus the value of the Trust Certificates issued
pursuant to Section 1.8, exceed $9,450,000,000."

                      About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor, an
80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.  The
Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth. EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).

As of Dec. 31, 2013, EFH Corp. reported assets of $36.4 billion in
book value and liabilities of $49.7 billion.  The Debtors had $42
billion of funded indebtedness as of the bankruptcy filing.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor, and
Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring Agreement
are represented by Akin Gump Strauss Hauer & Feld LLP, as legal
advisor, and Centerview Partners, as financial advisor.  The EFH
equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for the
second-lien noteholders owed about $1.6 billion, is represented by
Ashby & Geddes, P.A.'s William P. Bowden, Esq., and Gregory A.
Taylor, Esq., and Brown Rudnick LLP's Edward S. Weisfelner, Esq.,
Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq., Jeremy B. Coffey,
Esq., and Howard L. Siegel, Esq.

On May 13, 2014, the U.S. Trustee appointed the Official Committee
of TCEH Unsecured Creditors in the Chapter 11 Cases.  The TCEH
Committee is composed of (a) the Pension Benefit Guaranty
Corporation; (b) HCL America, Inc.; (c) BNY, as Indenture Trustee
under the EFCH 2037 Notes due 2037 and the PCRBs; (d) LDTC, as
Indenture Trustee under the TCEH Unsecured Notes; (e) Holt Texas
LTD, d/b/a Holt Cat; (f) ADA Carbon Solutions (Red River); and (g)
Wilmington Savings, as Indenture Trustee under the TCEH Second Lien
Notes.  The TCEH Committee retained Morrison & Foerster LLP as
counsel; Polsinelli PC as co-counsel and conflicts counsel; Lazard
Freres & Co. LLC as investment banker; FTI Consulting, Inc., as
financial advisor; and Charles River Associates as an energy
consultant.

On Oct. 27, 2014, the U.S. Trustee appointed the Official Committee
of Unsecured Creditors representing the interests of the unsecured
creditors for EFH, EFIH, EFIH Finance, and EECI, Inc.  The EFH/EFIH
Committee is composed of (a) American Stock Transfer & Trust
Company, LLC; (b) Brown & Zhou, LLC c/o Belleair Aviation, LLC; (c)
Peter Tinkham; (d) Shirley Fenicle, as successor-in-interest to the
Estate of George Fenicle; and (e) David William Fahy.  The EFH/EFIH
Committee retained Montgomery, McCracken, Walker & Rhodes, LLP, as
co-counsel and conflicts counsel; AlixPartners, LLP, as
restructuring advisor; Sullivan & Cromwell LLC as counsel;
Guggenheim Securities as investment banker; and Kurtzman Carson
Consultants LLC as noticing agent for both the TCEH Committee and
the EFH/EFIH Committee.

Given the size and complexity of the Chapter 11 Cases, the U.S.
Trustee proposed, and the Debtors and the TCEH Committee agreed, to
recommend that the Bankruptcy Court appoint a committee to, among
other things, review and report as appropriate on fee applications
and statements submitted by the professionals paid for by the
Debtors' Estates.  The Fee Committee is comprised of four members:
(a) one member appointed by and representative of the Debtors
(Cecily Gooch, Vice President and Special Counsel for
Restructuring, Energy Future Holdings); (b) one member appointed by
and representative of the TCEH Creditors' Committee (Peter Kravitz,
Principal and General Counsel, Province Capital); (c) one member
appointed by and representative of the U.S. Trustee (Richard L.
Schepacarter, Trial Attorney, Office of the United States Trustee);
and (d) one independent member (Richard Gitlin, of Gitlin and
Company, LLC).  The Fee Committee retained Godfrey & Kahn, S.C. as
counsel; and Phillips, Goldman & Spence, P.A., as co-counsel.

                           *    *    *

On Aug. 29, 2016, Judge Sontchi confirmed the Chapter 11 exit Plans
of two of Energy Future Holdings Corp.'s subsidiaries, power
generator Luminant and retail electricity provider TXU Energy Inc.
(the "T-Side Debtors").  The Plan became effective on Oct. 3,
2016.

On Aug. 20, 2017, Sempra Energy (NYSE: SRE) announced an agreement
to acquire Energy Future Holdings, the indirect owner of 80 percent
of Oncor Electric Delivery Company, LLC, operator of the largest
electric transmission and distribution system in Texas.  Under the
agreement, Sempra Energy will pay approximately $9.45 billion in
cash to acquire Energy Future and its ownership in Oncor, while
taking a major step forward in resolving Energy Future's
long-running bankruptcy case.  The enterprise value of the
transaction is approximately $18.8 billion, including the
assumption of Oncor's debt.

On Nov. 3, 2017, the Bankruptcy Court entered an order closing the
Chapter 11 cases of 40 affiliate debtors.  The claims asserted
against, and interests asserted in, the Closing Cases are
transferred to the lead case of Texas Competitive Electric Holdings
Company LLC, Case No. 14-10978.  A list of the Closing Cases is
available for free at:
http://bankrupt.com/misc/EnergyFuture_decreeclosing40.pdf  


ENSEQUENCE INC: Wants Up To $250,000 Financing From Myrian Capital
------------------------------------------------------------------
Ensequence, Inc., seeks permission from the U.S. Bankruptcy Court
for the District of Delaware to obtain a secured post-petition
financing facility on a final basis in an aggregate amount of up to
$250,000 from Myrian Capital Fund, LLC (Series C).

The Debtor wants to:

     (i) draw on the DIP Facility in four separate draws in the
         amounts and at the times set forth in the DIP term sheet
         and to use proceeds of the DIP Facility to pay for the
         Debtor's working capital needs and other administrative
         expenses necessary for the administration of the Chapter
         11 case pursuant to the budget; and

    (ii) grant to Myrian (as the DIP Lender) automatically
         perfected first-priority security interests in and liens
         on all of the collateral to secure the DIP Facility and
         all obligations arising thereunder and grant Myrian
         replacement liens pursuant to the U.S. Bankruptcy Code
         Sections 361 and 363(e).

An amount equal to $250,000 for the costs, including operating
expenses and professional fees, of the Debtor's Chapter 11 case and
working capital to operate the Debtor's business, will be advanced
as follows:

      a. up to $50,000 to be available on March 23, 2018;
      b. up to $30,000 to be available on March 30, 2018;
      c. up to $160,000 to be available on April 20, 2018; and
      d. up to $10,000 to be available on April 27, 2018.

The Loan will have a PIK Rate of 5% per annum, to be paid in kind,
and a default interest rate of plus additional 2% per annum, to be
paid-in-kind.  The maturity date for the Loan is the earlier of (i)
June 13, 2018, and (ii) the occurrence of a termination event.

The DIP Lender will have a first priority priming lien and security
interest pursuant to, among other things, Bankruptcy Code Section
364(d), superior to the interests of all other creditors in the
collateral.  The DIP court order will serve as a loan and security
agreement, without the need for a separate loan and security
agreement.

The DIP Lender's obligations under the DIP Facility will be subject
to the Debtor's compliance with these milestones:

      a. On or before March 16, 2018, an order approving the DIP
         Facility will have been entered by the Court;

      b. On or before April 19, 2018, entry of an order approving
         the sale of substantially all of the Debtor's assets, in  
    
         a form acceptable to the DIP Lender;

      c. On or before April 23, 2018, entry of an order granting
         interim approval of the Debtor's disclosure statement,
         approval of solicitation procedures, and scheduling a
         hearing on confirmation of the Debtor's plan, each in a
         form acceptable to the DIP Lender;

      d. On or before April 25, 2018, commencement of solicitation

         of votes on confirmation of the Debtor's plan;

      e. On or before June 7, 2018, entry of an order granting
         final approval of the Debtor's disclosure statement and
         confirmation of the plan, in a form acceptable to the
         Prepetition Lender; and

      f. On or before June 13, 2018, the effective date of the
         Plan will have occurred.

Without the proposed financing set forth in the DIP Order and the
DIP Term Sheet, the Debtor would not have sufficient funds to
preserve the Debtor's assets and would be forced to relinquish its
interests therein.  The Debtor's ability to continue its
operations, so as to conduct a going concern sale of substantially
all of its assets, depends on obtaining access to the DIP Facility.
The access to sufficient working capital to fund the Debtor's
business during this Chapter 11 case is vital for preserving and
maintaining the value of the Debtor's assets and maximizing value
for all creditors.  The Debtor warns that failure to obtain the
relief requested in this motion will irreparably harm the Debtor,
its estate, creditors, and equity holders.

The Debtor has searched for strategic alternatives in various
forms.  Given the unsuccessful prepetition search for alternatives,
the Debtor does not believe it is able to obtain financing to fund
and preserve its assets on terms more favorable than those offered
by the DIP Lender under the DIP Facility and that it is (and has
been) unable to obtain unsecured credit allowable under Bankruptcy
Code Section 503(b)(1) as an administrative expense.  The Debtor
also does not believe they it is likely to obtain secured credit
under Bankruptcy Code Section 364(c) on equal or more favorable
terms than those offered by the DIP Lender under the DIP Facility.
Indeed, even with respect to the DIP Lender (a party already in the
Debtor's capital structure), the DIP Facility is available only
with the Debtor's agreement to grant the DIP Lender (a) subject to
the carve-out (as defined below), the DIP Lien and (b) the other
protections set forth in the proposed DIP order and the DIP Term
Sheet.

As a condition to the extension of credit under the DIP Facility,
the DIP Lender and the Debtor have agreed that proceeds of any
Intermediate Draws made under the DIP Facility will be used
exclusively in a manner consistent with the budget, which may only
be modified with Myrian's written consent.  No portion of the
proceeds of any Intermediate Draws under the DIP Facility will be
used, directly or indirectly, to make any payment or prepayment
that is prohibited under the DIP Order or the DIP Term Sheet.

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

           http://bankrupt.com/misc/deb18-10182-55.pdf

                        About Ensequence

Ensequence, Inc., is a privately owned Delaware corporation engaged
in the business of making advertisements on television more
interactive and measurable.  The Company was formed in 2001 as a
provider of tools for building interactive television applications
for television networks, advertisers and distributors of network
television.  During the period from 2013 to the present, the
Company expanded its focus to include manufacturers of "smart
televisions."  Throughout its history, the Company has partnered
with national cable networks (e.g., MTV, NBC, ESPN, CNN, HBO,
etc.), traditional distributors (e.g., Comcast, Time Warner Cable,
DIRECTV, etc.), and television manufacturers (e.g., Samsung, LG,
Sony, etc.).  One year ago, the Company had approximately 50
employees, but as of the Petition Date, the Debtor has five
full-time employees executing its strategic plan.

Ensequence, Inc., filed a Chapter 11 petition (Bankr. D. Del. Case
No. 18-10182) on Jan. 30, 2018.  In the petition signed by CRO
Michael Wyse, the Debtor estimated $1 million to $10 million in
assets and $10 million to $50 million in liabilities.

The case is assigned to Judge Kevin Gross.

The Debtor tapped Christopher A. Ward, Esq. of Polsinelli PC as its
bankruptcy counsel; Outside General Counsel Services, P.C., as its
general corporate counsel; Wyse Advisors LLC as its restructuring
advisor; and Rust Consulting/Omni Bankruptcy as its notice, claims,
balloting agent  and administrative advisor.

The prepetition lender is represented by McDermott Will & Emery.


EPV MERGER: Moody's Affirms B3 Corporate Family Rating
------------------------------------------------------
Moody's Investors Service affirmed all the ratings of EPV Merger
Sub Inc. (Vectra Co.), including the Corporate Family Rating of B3,
the first lien rating of B1 and the second lien rating of Caa2.
This action follows the company's plan to increase the amount of
the first lien senior secured term loan by $20 million to $425
million and decrease the amount of the second lien secured term
loan by a like amount of $20 million to $140 million. The rating
outlook is stable.

The ratings are affirmed:

Corporate Family Rating, at B3

Probability of Default, at B3-PD

First lien senior secured credit facility rated B1 (LGD3)

Second lien senior secured term loan rated Caa2 (LGD5)

The rating outlook is stable

RATINGS RATIONALE

The ratings of EPV Merger Sub, Inc. reflects high financial
leverage, small size, significant industry concentration, ongoing
pressure to reduce costs to improve margins, startup nature as a
standalone company and private equity ownership. Vectra Co.
benefits from substantial customer entrenchment and long history as
a provider of high quality mission critical specialized batteries
for high tech applications often with sole-source supplier
relationships.

The B1 rating on the first lien senior secured credit facilities,
(two notches above the CFR) reflects the expected recovery rates
that benefit from junior capital beneath their claims to absorb
losses in downside scenarios. The Caa2 rating on the second lien
senior secured term loan reflects lower recovery prospects given
its subordinated position to a significant level of senior claims
in the capital structure.

The ratings could be upgraded when the company establishes a record
as a stand-alone company, if leverage is expected to be sustained
below 5.5 times, or if interest coverage is expected to be
sustained above 2 times.

The ratings could be downgraded if leverage is expected to reach
7.5 times for several periods, if the company experiences negative
free cash flow, or if EBIT/interest was trending towards 1.25
times. Shareholder friendly actions that resulted in higher
leverage could also pressure the rating.

The principal methodology used in these ratings was Global
Aerospace and Defense Industry published in April 2014.

EPV Merger Sub Inc., through its EaglePicher subsidiary, is a
provider of specialty power solutions for critical application with
high cost of failure. Production is focused on the aerospace &
defense and medical markets. Product applications include missiles,
directed energy weapons, satellites, and implantable medical
devices. The company is expected to be purchased by GTCR, LLC for
$925 million. The acquisition is expected to be financed with a $50
million first lien revolving credit facility, $425 million first
lien term loan, $140 million second lien term loan, as well as cash
and rollover equity. FY 2017 revenue was approximately $220
million.


EXCO RESOURCES: Court Approves KERP for Non-Insider Employees
-------------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
EXCO Resources' key employee retention plan (KERP) for non-insider
employees.  The Debtors sought entry of an order, approving and
authorizing the Debtors to continue the KERP for approximately 144
of the Debtors' non-insider employees, providing for an award pool
of approximately $3.3 million in the aggregate, approximately $1.8
million of which was earned and paid to participating employees
prior to the Petition Date on account of the third and fourth
quarters of 2017 and approximately $1.5 million of which may be
earned by participating employees on account of continued
employment with the Debtors through the first and second quarters
of 2018.

                       About EXCO Resources

EXCO Resources, Inc. (otc pink:XCOO) --
http://www.excoresources.com/-- is an oil and natural gas
exploration, exploitation, acquisition, development and production
company headquartered in Dallas, Texas with principal operations
in
Texas, North Louisiana and the Appalachia region.  EXCO's
headquarters are located at 12377 Merit Drive, Suite 1700, Dallas,
TX 75251.

EXCO Resources, Inc., and 14 of its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 18-30155) on Jan. 15,
2018.  EXCO disclosed total assets of $829.1 million and total debt
of $1.355 billion as of Sept. 30, 2017.

The Debtors' cases have been assigned to the Honorable Marvin
Isgur.

The Debtors tapped GARDERE WYNNE SEWELL LLP, and KIRKLAND & ELLIS
LLP, as bankruptcy counsel; PJT PARTNERS LP as financial advisor;
ALVAREZ & MARSAL NORTH AMERICA, LLC, as restructuring advisor; and
EPIQ BANKRUPTCY SOLUTIONS, LLC, as claims agent.

The Official Committee of Unsecured Creditors tapped JACKSON WALKER
L.L.P. and BROWN RUDNICK LLP as attorneys.


FAIRGROUNDS PROPERTIES: Steele Buying Hurricane Property for $109K
------------------------------------------------------------------
Fairgrounds Properties, Inc., asks the U.S. Bankruptcy Court for
the District of Utah to authorize the private sale of Lot 39,
Fairgrounds Industrial Park, Hurricane, Washington County, of Utah,
Parcel No. H-FAIR-39, to Ron Steele for $109,000, subject to higher
and/or better offers.

The following prepetition liens exist against the Lot 39 are (i)
unpaid property taxes; (ii) Deed of Trust in favor of Town &
Country Bank1, recorded Dec. 17, 2008, as entry number 20080048001;
(ii) Deed with Assignment of Rents in favor of Fairgrounds
Industrial Park, LLC, recorded April 06, 2007, as entry number
20070017678; and (iv) Deed of Trust in favor of Dakota Aggregate,
LLC, recorded Feb. 24, 2014, as entry number 20140005359.

Cushman & Wakefield ("C & W") has marketed the Property for private
sale pursuant to a listing agreement from April 1, 2014.  C & W has
actively marketed the Property, including Lot 39 for private sale
pursuant to industry standards.

Subject to Bankruptcy Court approval, on Jan. 24, 2018, the Debtor
entered into the REP to sell Lot 39 to the Buyer for a total
purchase price of $109,000.  The Buyer has made an earnest money
deposit in the amount of $2,500.

The sale of Lot 39 is conditioned on the Court's entry of an Order
approving the Sale.  The Settlement and close of the transaction
will occur once the Order is entered.  

The sale of the Property is "as is" with no representation or
warranties by the Debtor, except that the Debtor has authority to
enter into the Sale Agreement and sell the Property with Court
approval and will ask approval of the sale free and clear of liens
and interests.  The Debtor will also ask the Court to authorize the
break-up fee in favor of the Buyer in the amount of $5,000.

The proposed sale of Lot 39 is a private sale, and it is
anticipated that it will close in accordance with the terms of the
Sale Agreement.  However, the sale of Lot 39 is subject to higher
and/or better offers.  

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

   http://bankrupt.com/misc/Fairgrounds_Properties_48_Sales.pdf

The Debtor will consider all written offers for the purchase of Lot
39 made prior to the expiration of the deadline set forth in the
Notice of Hearing filed concurrently with the Motion.  Whether an
offer is a higher and/or better offer will be determined by the
Debtor is its sole discretion.

Upon closing of the sale, whether to the Buyer or to a person who
has submitted a higher and/or better offer, the Debtor will file a
Notice of Sale with the Court that provides information typically
required under Federal Rule of Bankruptcy Procedure 6004(f).

In the event that a higher and/or better offer is received and
accepted for the sale of Lot 39, approval of the sale to the Buyer
herein will be deemed to be approval of the sale to the person
submitting the higher and/or better offer, with the Notice of Sale
providing an itemization of amounts obtained by the Debtor, as well
as the Break-Up Fee to the Buyer.

Following close of the sale of Lot 39, the Debtor anticipates
paying from the gross proceeds of the sale the costs of sale, which
will include a 6% commission as set forth in the Listing Agreement.


The Debtor asks permission (i) to pay all unpaid property taxes
from the sale proceeds as they are secured by Lot 39 pursuant to
Utah law; (ii) to withhold $10,000 for the payment of costs
incurred in the bankruptcy including filing fees, Chapter 11
Quarterly Fees, and attorney's fees incurred to date; (iii) to pay
PIB the remainder of the funds after paying costs and taxes.

Fairgrounds Industrial Park, LLC has agreed to voluntarily release
this deed against Lot 39, and it will remain of record against the
rest of the Property with the same rights and priority, if any, as
it had on the Petition Date.

The Debtor believes that the sale of Lot 39 as set forth in the
Sale Agreement is fair, reasonable, and in the best interests of
the Debtor and the estate.

The Debtor asks that the Court waives the 14-day appeal period.

The Purchaser:

          Ron Steele
          2 W St. George Blvd., Suite 10
          St. George, UT 84770
          Facimile: (435) 673-7153
          E-mail: tparry@comre.com

                 About Fairgrounds Properties

In 2007, Fairgrounds Properties, Inc., purchased 86 acres of real
property located in Hurricane, Utah.  It developed the property
into industrial lots and then sold them further construction and
development by purchasers.  Through various sales over the years,
as of Oct. 25, 2017, Fairgrounds is left with 31 acres, which have
been divided up into 19 lots.  The Company has completed the entire
infrastructure of remaining land including; completion of gutters,
paved entries and water/sewer.

The company previously sought bankruptcy protection (Bankr. D. Utah
Case No. 11-26803) in 2011.  Fairgrounds Properties' prior Plan of
Reorganization dated Dec. 8, 2011, was confirmed by Judge William
T. Thurman at the confirmation hearing held on April 5, 2012.

Fairgrounds Properties filed a Chapter 11 petition (Bankr. D. Utah
Case No. 17-29271) on Oct. 25, 2017.  In the petition signed by
Robert C. Stevens, its president, the Debtor estimated $1 million
to $10 million in both assets and liabilities.  Darren B. Neilson,
Esq., at Neilson Law, LLC, serves as bankruptcy counsel to the
Debtor.  Cushman & Wakefield is the Debtor's realtor.


FBI WIND DOWN: Court Narrows Claims in Trustee Suit vs AAPP
-----------------------------------------------------------
Plaintiff FBI Wind Down Inc. Liquidating Trust, by and through Alan
D. Halperin, as Liquidating Trustee, filed a motion seeking, among
other things, a determination whether 18 transfers qualify as
avoidable preferences outside any 11 U.S.C. section 547(c)
defenses, and whether such Transfers can be recovered and
disallowed under section 502 and the terms of the Plan. Defendant
All American Poly Corp. filed a cross-motion for summary judgment
contending that the Transfers are not preferential, otherwise
qualify for section 547(c) ordinary course of business and
subsequent new value defenses, and are not fraudulent transfers.

Upon thorough evaluation, Judge Christopher S. Sontchi of the U.S.
Bankruptcy Court for the District of Delaware grants in part and
denies in part both the Plaintiff's motion and the Defendant's
cross-motion. Specifically, the Court holds the following on the
Plaintiff's Motion:

   * Summary judgment is granted for all the section 547(b)
preference elements, with the exception that there is a dispute of
material fact regarding whether the Transfers are an interest of
the Lane and Broyhill Debtors in property, and consequently
preferential.

   * Summary judgment is denied as to the inapplicability of any
section 547(c) defenses, given the successful counterclaims of the
Cross-Motion.

   * Summary judgment is denied on the determination of
disallowance, objection, or setoff, since relief is inappropriate
when the preferential nature of the Transfers are still in
dispute.

   * Plaintiff's fraudulent transfer claim may not be reviewed in
summary judgment as the Plaintiff failed to properly brief the
issue.

The Court also holds the following as to the Defendant's
Cross-Motion:

   * Summary judgment is denied regarding Defendant's argument that
the Transfers are not an interest of the Lane and Broyhill Debtors
in property and consequently not preferential, as a dispute of
material fact remains on that specific element of section 547(b).

   * Summary judgment is granted, in part, regarding the ordinary
course of business defense for all Transfers, excluding the Lane
Pressure Payments for which a dispute of material fact remains and
summary judgment is denied.

   * Summary judgment is granted, in part, regarding subsequent new
value up to $16,692.00, but is denied as to the remaining contested
amount.

   * Summary judgment is denied as to the lack of fraudulent
transfers since a dispute of material fact exists whether the
Transfers were section 548 fraudulent transfers given for less than
reasonably equivalent value.

A full-text copy of Judge Sontchi's Opinion dated Feb. 16, 2018 is
available at:

     http://bankrupt.com/misc/deb13-12329-3035.pdf

Co-Counsel for Plaintiff:

     Victoria A Guilfoyle
     BLANK ROME LLP
     1201 Market Street
     Suite 800
     Wilmington, DE 19801
     guilfoyle@blankrome.com

          -and-

     Edward L. Schnitzer
     Jeffrey Zawadzki
     HAHN & HESSEN LLP
     488 Madison Avenue
     New York, NY 10022
     eschnitzer@hahnhessen.com
     jzawadzki@hahnhessen.com

Co-Counsel for Defendant:

     James Tobia
     THE LAW OFFICES OF JAMES TOBIA, LLC
     1716 Wawaset Street
     Wilmington, DE 19801

          -and-

     Roland Gary Jones
     JONES & ASSOCIATES
     1745 Broadway
     17th Floor
     New York, NY 10019
     rgj@rolandjones.com

                     About Furniture Brands

Furniture Brands International (NYSE:FBN) --
http://www.furniturebrands.com-- engaged in the designing,
manufacturing, sourcing and retailing home furnishings. Furniture
Brands markets products through a wide range of channels, including
company owned Thomasville retail stores and through interior
designers, multi-line/ independent retailers and mass merchant
stores.  Its brands include Thomasville, Broyhill, Lane, Drexel
Heritage, Henredon, Pearson, Hickory Chair, Lane Venture,
Maitland-Smith and LaBarge.

The balance sheet at June 29, 2013, showed $546.73 million in total
assets against $550.13 million in total liabilities.

On Sept. 9, 2013, Furniture Brands International, Inc. and 18
affiliated companies sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 13-12329).

Attorneys at Paul Hastings LLP and Young Conaway Stargatt & Taylor,
LLP, serve as counsel to the Debtors.  Alvarez and Marsal North
America, LLC, is the restructuring advisors.  Miller Buckfire &
Co., LLC is the investment Banker.  Epiq Systems Inc. dba Epiq
Bankruptcy Solutions is the claims and notice agent.

The official creditor's committee is comprised of the Pension
Benefit Guaranty Corp., Milberg Factors Inc. and five suppliers.
The Committee tapped Blank Rome LLP as co-counsel, Hahn & Hessen
LLP as lead counsel, BDO Consulting as financial advisor, and
Houlihan Lokey Capital, Inc., as investment banker.

In November 2013, Furniture Brands won bankruptcy court approval to
sell the business to KPS Capital Partners LP for $280 million.
Private-equity investor KPS formed a new company named Heritage
Home Group LLC to operate the business.  Furniture Brands changed
its name to FBI Wind Down, Inc., following the sale.

The Debtors on July 14, 2014, won confirmation of their Second
Amended Joint Plan of Liquidation as filed on July 9, 2014.

on Aug. 1, 2014, the Plan became effective and, pursuant to the
Confirmation Order, the FBI Wind Down, Inc. Liquidating Trust was
established and Alan D. Halperin was appointed as Liquidating
Trustee f the Liquidating Trust.


FBI WIND DOWN: IDS Transfers Qualify as Avoidable Preferences
-------------------------------------------------------------
On August 19, 2015, Alan D. Halperin, the Liquidating Trustee of
Plaintiff FBI Wind Down Inc. Liquidating Trust, filed a civil
action against Innovative Delivery Systems, Inc., seeking (a)
avoidance of preferential transfers under section 547 and 550, or
(b) the avoidance of constructively fraudulent transfers if "the
Transferring Debtor was not the Debtor who incurred the debt," and
(c) objecting to any claims filed or scheduled on behalf of IDS,
including the Claims. IDS answered with six affirmative defenses,
including defenses for contemporaneous exchange of new value,
ordinary course of business, and new value.

On July 31, 2017, the Plaintiff filed a motion for summary judgment
seeking a determination whether 32 transfers qualify as avoidable
preferences outside any 11 U.S.C. section 547(c) defenses, whether
such Transfers can be disallowed under section 502 and the Plan,
and whether the Transfers are per se for less than reasonably
equivalent value if not preferential.

Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware grants summary judgment, in part, on certain
section 547(b) elements and the lack of any section 547(c)(1)
contemporaneous exchange of new value defense, and denies the
remainder of the motion. Specifically, the Court finds:

   * The Transfers meet the section 547(b) preference elements,
with the exception that there is a dispute of material fact
regarding whether the Transfers were (1) an interest of Thomasville
Retail, Inc. f/k/a Classic Design Furnishings, Inc.  TRI in
property, (2) to or for the benefit of a TFI Wind Down, Inc., f/k/a
Thomasville Furniture Industries, Inc. creditor, and (3) on account
of an antecedent debt of TFI.

   * A dispute of material fact remains over whether the section
547(c) ordinary course of business and subsequent new value
defenses apply, but summary judgment is granted for the lack of
contemporaneous exchange of new value.

   * A determination of disallowance, objection, or setoff is
inappropriate at summary judgment when preference status is in
dispute.

   * A dispute of material fact remains as to whether the Transfers
were given for less than reasonably equivalent value in
satisfaction of section 548(a)(1)(B)(i).

   * Discovery is reopened for 90 days after entry of the order to
procure additional evidence on the fraudulent conveyance count.

A full-text copy of Judge Sontchi's Opinion dated Feb. 16, 2018 is
available at:

      http://bankrupt.com/misc/deb13-12329-3037.pdf

Co-Counsel for Plaintiff:

     Victoria A Guilfoyle
     BLANK ROME LLP
     1201 Market Street
     Suite 800
     Wilmington, DE 19801
     guilfoyle@blankrome.com

          -and-

     Jeffrey Zawadzki
     HAHN & HESSEN LLP
     488 Madison Avenue
     New York, NY 10022
     jzawadzki@hahnhessen.com

Counsel for Defendant:

     Elihu E. Allinson III
     SULLIVAN, HAZELTINE & ALLINSON LLC
     901 North Market Street, Suite 1300
     Wilmington, DE 19801
     zallinson@sha-llc.com

                     About Furniture Brands

Furniture Brands International (NYSE:FBN) --
http://www.furniturebrands.com-- engaged in the designing,
manufacturing, sourcing and retailing home furnishings. Furniture
Brands markets products through a wide range of channels, including
company owned Thomasville retail stores and through interior
designers, multi-line/ independent retailers and mass merchant
stores.  Its brands include Thomasville, Broyhill, Lane, Drexel
Heritage, Henredon, Pearson, Hickory Chair, Lane Venture,
Maitland-Smith and LaBarge.

The balance sheet at June 29, 2013, showed $546.73 million in total
assets against $550.13 million in total liabilities.

On Sept. 9, 2013, Furniture Brands International, Inc. and 18
affiliated companies sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 13-12329).

Attorneys at Paul Hastings LLP and Young Conaway Stargatt & Taylor,
LLP, serve as counsel to the Debtors.  Alvarez and Marsal North
America, LLC, is the restructuring advisors.  Miller Buckfire &
Co., LLC is the investment Banker.  Epiq Systems Inc. dba Epiq
Bankruptcy Solutions is the claims and notice agent.

The official creditor's committee is comprised of the Pension
Benefit Guaranty Corp., Milberg Factors Inc. and five suppliers.
The Committee tapped Blank Rome LLP as co-counsel, Hahn & Hessen
LLP as lead counsel, BDO Consulting as financial advisor, and
Houlihan Lokey Capital, Inc., as investment banker.

In November 2013, Furniture Brands won bankruptcy court approval to
sell the business to KPS Capital Partners LP for $280 million.
Private-equity investor KPS formed a new company named Heritage
Home Group LLC to operate the business.  Furniture Brands changed
its name to FBI Wind Down, Inc., following the sale.

The Debtors on July 14, 2014, won confirmation of their Second
Amended Joint Plan of Liquidation as filed on July 9, 2014.

on Aug. 1, 2014, the Plan became effective and, pursuant to the
Confirmation Order, the FBI Wind Down, Inc. Liquidating Trust was
established and Alan D. Halperin was appointed as Liquidating
Trustee f the Liquidating Trust.


FC GLOBAL: RETPROP Will Acquire 3 Mississippi Properties for $3.5M
------------------------------------------------------------------
FC Global Realty Incorporated and RETPROP I, LLC, its newly-formed
subsidiary entered into an Agreement for Purchase and Sale of Real
Property with three Mississippi limited liability companies - DG
Union, LLC, DG Moselle, LLC, and DG Ellisville, LLC.  Under the
Purchase and Sale Agreement, RETPROP I will acquire three
properties located in the State of Mississippi, one from each
Seller, for a total purchase price of $3,475,241, plus certain
closing and due diligence costs.  The Company is a guarantor of
certain aspects of this transaction.

The specific properties which RETPROP I may acquire are real
property (1) of approximately 2.77 acres located at Highway 192 in
Union, Mississippi, with an allocated purchase price of $1,149,586,
(2) of approximately 1.91 acres located at 2110 Highway 11,
Moselle, Mississippi, with an allocated purchase price of
$1,243,586, and (3) of approximately 2.91 acres located at 5405
US-11, Ellisville, Mississippi, with an allocated purchase price of
$1,082,069.  Under the Purchase and Sale Agreement, RETPROP I also
will have an option to purchase real property comprising a Dollar
General owned by DG Jumpertown, LLC, a Mississippi limited
liability company located at 635 Highway 4, Booneville, MS.

The Purchase and Sale Agreement provides for (i) a due diligence
period of 15 business days from Feb. 14, 2018 through March 7,
2018; (ii) an initial earnest money deposit of $50,000, which will
be applied towards the purchase price on the completion of the
acquisition of the Properties; and (iii) a right to terminate the
Purchase and Sale Agreement, in RETPROP I's sole discretion, at any
time prior to the expiration of the due diligence period, with the
initial earnest money deposit refunded to RETPROP I.  The
anticipated closing date is March 20, 2018, ten business days after
the last day of the due diligence period, or ten business days
after receipt by RETPROP I of a tenant estoppel letter acceptable
to RETPROP I issued on the tenant's standard form. RETPROP I may
waive the full due diligence period or receipt of a tenant estoppel
letter and elect to close earlier by providing five business days'
written notice to a Seller.

The Purchase and Sale Agreement also contains customary covenants,
closing conditions, representations and warranties, and
indemnification provisions.

                 Right of First Refusal Agreement

RETPROP I also entered into a Right of First Refusal Agreement with
five other Mississippi limited liability companies - DG Artesia,
LLC, DG Nettleton, LLC, DG Senatobia, LLC, DG West Point 50, LLC,
and DG Woodland, LLC, under which RETPROP I has a right of first
refusal on certain other properties, also located in the State of
Mississippi, which are owned by the ROFR Sellers.  For each
property, should a ROFR Seller receive a bona fide offer to
purchase the property from a third party unaffiliated with that
seller or its affiliates, the ROFR Seller shall deliver the
relevant details of that offer, including the purchase price, due
diligence period (if any), and the terms of payment to RETPROP I,
which will then have a period of five business days in which to
elect to purchase the property.  That purchase will be upon the
purchase price, due diligence period, and terms of payment
contained in the offer received by the ROFR Seller, but with all
other terms of purchase (regardless of what is contained in the
offer) to be consistent with the Purchase and Sale Agreement.

None of the Sellers or ROFR Sellers under either of the two
agreements are affiliated with RETPROP I, the Company, its advisor
or its affiliates.

                      About FC Global Realty

Formerly known as PhotoMedex, Inc., FC Global Realty Incorporated
(and its subsidiaries) re-incorporated in Nevada on Dec. 30, 2010,
originally formed in Delaware in 1980, is a real estate investment
company holding or in the process of acquiring investments in a
variety of current and future real estate projects, including
residential developments, hotels and resort communities and
commercial properties including gas station sites.  The company is
headquartered in New York, NY.

PhotoMedex reported a loss of $13.26 million in 2016 following a
loss of $34.55 million in 2015.  As of Sept. 30, 2017, FC Global
had $14.06 million in total assets, $9.03 million in total
liabilities and $5.03 million in total stockholders' equity.
  
Fahn Kanne & Co. Grant Thornton Israel, in Tel-Aviv, Israel, issued
a "going concern" opinion on the consolidated financial statements
for the year ended Dec. 31, 2016, citing that as of Dec. 31, 2016,
the Company had an accumulated deficit of $115.6 million and
shareholders' deficit of $1.40 million.  Also, during the most
recent periods the Company has incurred losses and negative cash
flows from continuing operations and was forced to sell certain
assets and business units to obtain additional liquidity resources
to support its operations.  In addition, on Jan. 23, 2017, the
Company completed the sale of its consumer products division which
represented the sale of substantially all of the remaining
operations and assets of the Company.  These conditions, along with
other matters, raise substantial doubt about the Company's ability
to continue as a going concern.


FIBRANT LLC: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Affiliates that filed voluntary petitions seeking relief under
Chapter 11 of the Bankruptcy Code:

     Debtor                                      Case No.
     ------                                      --------
     Fibrant, LLC (Lead Case)                    18-10274
     P.O. Box 2451
     Augusta, GA 30903
   
     Fibrant South Center, LLC                   18-10275
     Evergreen Nylon Recycling, LLC              18-10276
     Georgia Monomers Company, LLC               18-10277

Type of Business: Fibrant, headquartered in Augusta
                  Georgia, was previously a producer and global
                  supplier of chemical products and local
                  manufacturing services.  At the end of
                  September 2017, the Debtors completed the
                  shutdown and decommissioning of their
                  caprolactam manufacturing facility located at an
                  industrial site at 1408 Columbia Nitrogen Drive,
                  Augusta, Georgia 30901, other than the portion
                  of the Facility that was (until recently) being
                  used to manufacture ammonium sulfate.  In late
                  2017, the Debtors ceased production of ammonium
                  sulfate at the Facility, and the Debtors are now
                  in the process of administering the sale of, and
                  shipping, all of the remaining ammonium sulfate
                  inventory.  Once the inventory has been sold and

                  removed from the Site, the Debtors intend to
                  decommission the ammonium sulfate plant and all
                  other operating assets and plant infrastructure  
   
                  that was not previously decommissioned.

Chapter 11 Petition Date: February 23, 2018

Court: United States Bankruptcy Court
       Southern District of Georgia (Augusta)

Judge: Hon. Susan D. Barrett

Debtors' Counsel: Paul K. Ferdinands, Esq.
                  Jonathan W. Jordan, Esq.
                  Sarah L. Primrose, Esq.
                  KING & SPALDING LLP
                  1180 Peachtree Street
                  Atlanta, Georgia 30309-3521
                  Tel: (404) 572-4600
                  Fax: (404) 572-5100
                  E-mail: pferdinands@kslaw.com
                          jjordan@kslaw.com
                          sprimrose@kslaw.com

                   - and -

                  James C. Overstreet Jr., Esq.
                  KLOSINSKI OVERSTREET, LLP
                  1229 Augusta West Parkway
                  Augusta, GA 30909
                  Tel: (706) 863-2255
                  Fax: (706) 863-5885
                  E-mail: jco@klosinski.com

Debtors'
Claims,
Noticing &
Balloting
Agent:            KURTZMAN CARSON CONSULTANTS, LLC

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petitions were signed by David Leach, president and general
manager.

A full-text copy of Fibrant, LLC's petition is available for free
at http://bankrupt.com/misc/gasb18-10274.pdf

Consolidated List of Debtors' 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
Chemtrade Chemicals US LLC            Trade Debt       $13,387,500
155 Gordon Baker Road
Suite 300
Toronto, ON M2H 3N5, Canada
Mark Davis
President & CEO
Tel: (416) 496-4176
Fax: (416) 496-9942
Email: mdavis@chemtradelogistics.com

Chevron Phillips Chemical Co. LP      Trade Debt        $5,469,692
10001 Six Pines
The Woodlands, TX 77380
Mark Lashier
President & CEO
Tel: (382) 813-4100
Fax: (382) 813-4136

Interstate Commodities, Inc.          Trade Debt        $3,450,151
7 Madison Street
Troy, NY 12181
Greg Oberting
President & CEO
Tel: (518) 272-7212
Fax: (518) 272-7299
Email: bids@icigrains.com

GATX Corporation (GATX Rail)          Trade Debt        $2,400,000
222 West Adams Street
Chicago, IL 60606
Brian A. Kenney
Chairman, President & CEO
Tel: (312) 621-6200
Fax: (312) 621-6648
Email: contactgatx@gatx.com

Midwest Railcar Corporation           Trade Debt          $723,012
855 S Arbor Vitae
Edwardsville, IL 62025
Richard Murphy
President & CEO
Tel: (618) 692-5575
Fax: (618) 692-5578
Email: rmurphy@midwestrailcar.com

Flint Hills Resources, LP             Trade Debt          $713,112
4111 East 37th Street North
Wichita, KS 67220
Brad Razook
President & CEO
Tel: (316) 828-3477
Fax: (316) 828-5803
Email: fhracpay@fhr.com

American Railcar Leasing LLC          Trade Debt          $500,000
100 Clark Street
Suite 201
St. Charles, MO 63301
John O'Bryan
President & CEO
Tel: (636) 940-6000
Fax: (636) 940-6030
Email: info@americanrailcar.com

Emerson Process Management, LLP       Trade Debt          $468,772
1100 W. Louis Henna Blvd, Bldg 1
Round Rock, TX 78681-7430
David N. Farr
Chairman & CEO
Tel: (512) 835-2190
Fax: (512) 834-7600
Email: contactus@emerson.com

BMSI Packaging Services, Inc.         Trade Debt          $323,695
115 Davis Street
Monroe, GA 30655
Don Becker
CEO
Tel: (770) 266-7659
Fax: (770) 266-7668
Email: dbecker@bmsipkg.com

Veenschoten and Company Inc.          Trade Debt         $152,010
Email: sales@veenschoten.com

Koch Rail LLC                         Trade Debt         $125,400

Email: nowickis@kochind.com

Control Southern Inc.                 Trade Debt         $114,440
Email: clientservices@controlsouthern.com

Nanjing Baose Co. Ltd.                Trade Debt         $113,141

Linde, Inc.                           Trade Debt          $84,181
Email: info@linde.com

Regal Brown, Inc.                     Trade Debt          $64,007
Email: rbimail@rawsonlp.com

Griffin Gear, Inc.                    Trade Debt          $43,050
Email: sales@griffingear.com

MRC Global (US), Inc.                 Trade Debt          $32,174
Email: info@mrcglobal.com

Horne Label & Printing LLC            Trade Debt          $30,705
Email: info@hornelabel.com

Hoerbiger Service Inc.                Trade Debt          $28,526

Southeast Railcar, Inc.               Trade Debt          $27,238
Email: info@southeastrailcar.com


FIELDWOOD ENERY: Davis Polk Advises Administrative Agent
--------------------------------------------------------
Davis Polk is advising the administrative agent on behalf of a
steering committee of lenders holding more than 25% of Fieldwood
Energy LLC's $1.14 billion secured first-lien credit facility, 70%
of the $517.5 million secured first-lien last-out credit facility
and 76% of the $845.5 million secured second-lien credit facility,
and the administrative agent under Fieldwood's $60 million junior
secured debtor-in-possession credit facility, in connection with a
comprehensive restructuring to be implemented through a prepackaged
chapter 11 plan of reorganization filed with the Bankruptcy Court
for the Southern District of Texas.

On February 14, 2018, Fieldwood Energy and certain of its
subsidiaries entered into a restructuring support agreement with
the administrative agent, the steering committee and the company's
sponsor Riverstone Holdings LLC, pursuant to which the second-lien
lenders and Riverstone will equitize their claims in exchange for a
pro rata share of the equity in the newly-restructured company and
provide a new money rights offering of $525 million backstopped by
the steering committee and Riverstone.  Part of the rights offering
will be used to fund Fieldwood's acquisition of deepwater Gulf of
Mexico assets from Noble Energy Inc. for approximately $480
million.  This restructuring is one of the very few cases in which
a debtor has simultaneously entered into chapter 11 protection and
a significant asset purchase and is especially notable for the
unprecedented speed and scope of the related transactions.  The
combined transactions will result in the reduction and/or
refinancing of more than $3.8 billion of secured debt and will
significantly increase cash flow.

Certain members of the steering committee, along with Riverstone,
are also providing the debtor-in-possession credit facility.

Fieldwood Energy LLC is the largest oil and gas exploration and
production company in the Outer Continental Shelf of the Gulf of
Mexico.  The company is headquartered in Houston, Texas.

The Davis Polk restructuring team includes partners Damian S.
Schaible and Darren S. Klein and associates Natasha Tsiouris, Jonah
A. Peppiatt, Erik Jerrard and Eugene Y. Park.  The corporate team
includes partner Stephen Salmon and associate Jason P. Thompson.
The credit team includes partner Jinsoo H. Kim, counsel Christian
Fischer and associate Scott M. Herrig.  Members of the Davis Polk
team are based in the New York and Northern California offices.

                      About Fieldwood Energy

Fieldwood Energy -- https://www.fieldwoodenergy.com/ -- is a
portfolio company of Riverstone Holdings focused on acquiring and
developing conventional assets, primarily in the Gulf of Mexico
region.  It is the largest operator in the Gulf of Mexico owning an
interest in approximately 500 leases covering over 2 million gross
acres with 1,000 wells and 750 employees.

Fieldwood Energy LLC and its 13 affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 18-30648) on Feb. 15,
2018, with a prepackaged plan that would deleverage $3.286 billion
of funded by $1.626 billion.

Fieldwood estimated $1 billion to $10 billion in assets and debt.

The Company has engaged Weil, Gotshal & Manges LLP as its legal
counsel, Evercore Group LLC as its financial advisor, and Opportune
LLP as its restructuring advisor.  Prime Clerk LLC is the claims
and noticing agent.

The First Lien Group has engaged O'Melveny & Myers LLP as its legal
counsel and Houlihan Lokey Capital, Inc. as its financial advisor.
The RBL Lenders have engaged Willkie Farr & Gallagher LLP as its
legal counsel and RPA Advisors, LLC as its financial advisor.  The
Cross-Holder Group has engaged Davis Polk & Wardwell LLP as its
legal counsel and PJT Partners LP as its financial advisor.
Riverstone has engaged Vinson & Elkins LLP as its legal counsel and
Perella Weinberg Partners as its financial advisor.


FIRST CAPITAL: January Use of Cash Collateral Approved
------------------------------------------------------
Judge Michael S. McManus of the U.S. Bankruptcy Court for the
Eastern District of California, on Feb. 15, 2018, entered an order
conditionally approving First Capital Retail, LLC's use of cash
collateral of Byline Bank on an interim basis for the fifth interim
covering period Dec. 27, 2017 through Jan. 31, 2018.

The approved Budget provides expenses in the aggregate sum of
$415,837 for the month of December 2017 and $439,896 for the month
of January 2018.

During the Dec. 11, 2017 continued hearing, the Debtor was
conditionally granted use of cash collateral on an interim basis
for the fourth interim period covering Dec. 12 through Dec. 26,
2017.

Byline Bank is granted with replacement liens on all the Debtor's
postpetition collateral, nunc pro tunc, to the Petition Date.  The
Debtor will pay Byline Bank actual interest payments -- at the
non-default contract rate provided in Byline Bank's loan documents
-- on a monthly basis, retroactive to the Petition Date.

The compensation of the President of the Debtor, Rameshwar Prasad,
will be reduced by 50% effective November 14, 2017.

A full-text copy of the Order is available at:

        http://bankrupt.com/misc/caeb17-26125-259.pdf

                   About First Capital Retail

Based in Rancho Cordova, California, First Capital Retail, LLC, is
into management of companies and enterprises.

First Capital Retail sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Cal. Case No. 17-26125) on Sept. 14,
2017.  In the petition signed by Rameshwar Prasad, managing member,
the Debtor estimated assets of less than $50,000 and liabilities of
$10 million to $50 million.

Judge Michael S. McManus presides over the case.

Gabriel E. Liberman, Esq., at the Law Offices of Gabriel Liberman,
APC, is the Debtor's counsel.

No request has been made for the appointment of a trustee or
examiner, and no official committee has been appointed.


FREEDOM LEAF: Incurs $742,400 Net Loss in Second Quarter
--------------------------------------------------------
Freedom Leaf Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q reporting a net loss of $742,413
on $6,332 of net revenue for the three months ended Dec. 31, 2017,
compared to a net loss of $111,361 on $448,566 of net revenue for
the three months ended Dec. 31, 2016.

For the six months ended Dec. 31, 2017, the Company reported a net
loss of $1.44 million on $7,659 of net revenue compared to a net
loss of $513,253 on $569,120 of net revenue for the same period a
year ago.

As of Dec. 31, 2017, Freedom Leaf had $773,723 in total assets,
$885,307 in total liabilities and a total stockholders' deficit of
$111,584.

As of Dec. 31, 2017, the Company had $0 in cash.  

"We do not have sufficient resources to effectuate our business.
We expect to incur a minimum of $50,000 in expenses during the next
twelve months of operations.  We estimate that these expenses will
be comprised primarily of general expenses including overhead,
legal and accounting fees," said the Company in the Report.

The Company used cash in operations of $173,252 for the six months
ended Dec. 31, 2017, compared to cash used in operations of
$174,349 for the six months ended Dec. 31, 2016.  The negative cash
flow from operating activities for the six months ended Dec. 31,
2017 is attributable to the Company's net loss from operations of
$1,449,997 primarily due to the issuance of common stock for
services ($416,077) and bad debt expense ($426,848). Cash used in
operations of $174,349 for the six months ended Dec. 31, 2016 is
attributable to the Company's net loss of $513,253 offset primarily
by increase in stock-based compensation of $533,192.

The Company used cash in investing or financing activities of $0
and $3,271 for the six months ended Dec. 31, 2017 and 2016.

The Company had cash provided by financing activities of $170,754
for the six months ended Dec. 31, 2017, compared to $179,831 for
the same period in 2016.

"We will have to raise funds to pay for our expenses.  We may have
to borrow money from shareholders or issue debt or equity or enter
into a strategic arrangement with a third party.  There can be no
assurance that additional capital will be available to us.  We
currently have no arrangements or understandings with any person to
obtain funds through bank loans, lines of credit or any other
sources.  Since we have no such arrangements or plans currently in
effect, our inability to raise funds for our operations will have a
severe negative impact on our ability to remain a viable company."

The Company had working capital deficit, stockholders' deficit and
accumulated deficit of $142,668, $111,584 and $6,370,985,
respectively, at Dec. 31, 2017.  The Company said its continuation
as a going concern is dependent upon its ability to generate
revenues and its ability to continue receiving investment capital
and loans from third parties to sustain its current level of
operations.  The Company is in the process of securing working
capital from investors for common stock, convertible notes payable,
and/or strategic partnerships.  No assurance can be given that the
Company will be successful in these efforts.  The financial
statements do not include any adjustments relating to the
recoverability and classification of recorded asset amounts or the
amounts and classification of liabilities that might be necessary
should the Company be unable to continue as a going concern.

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

                       https://is.gd/jp7z8z

                       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.


FTS INTERNATIONAL: S&P Raises CCR to 'B' on Debt Reduction
----------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on Fort
Worth, Texas-based FTS International Inc. (FTSI) to 'B' from 'B-'.
The outlook is stable.

S&P said, "At the same time, we raised our issue-level rating on
the company's second-lien senior secured debt to 'B' from 'CCC+'.
The recovery rating is '4', indicating our expectation for average
(30%-50%; rounded estimate: 30%) recovery in the event of a payment
default.

"The upgrade reflects our expectation the FTSI will lower its debt
leverage and adopt a more conservative financial policy, following
its use of its IPO proceeds to repay debt, and renewed drilling
activity in the U.S. onshore oil and gas industry. Based on our
current WTI crude oil price assumptions of $55 per barrel (bbl) for
2018 and 2019, we expect U.S. drilling activity to remain solid and
continue to support the oilfield services companies' operating
performance. Furthermore, we believe the pressure pumping segment
in particular is reaping the benefits of an ongoing industry trend
toward longer laterals and increased fracking stages, as well as a
currently tight equipment and labor market. We now forecast FTSI
will generate annual EBITDA of about $550 million this year,
resulting in debt leverage of 1-1.5x at year-end.

"Our stable outlook on FTSI reflects our expectation that debt to
EBITDA will decrease well below 5x during the next two years and
the company will use free cash flow to reduce debt.

"We could lower our corporate credit rating on FTSI if we expect
leverage to increase above 5x for a sustained period or if
liquidity deteriorates materially. This would most likely occur if
commodity prices fell and causes a material drop in U.S. drilling
activity and demand for oilfield services.

"We could raise the rating if we believed the company's business
risk profile has improved and expect leverage to remain well below
4x. This would most likely occur if the company significantly
increased its size, scale, and product diversification, while
industry conditions remained favorable."


FULTON MARKET: Case Summary & 6 Unsecured Creditors
---------------------------------------------------
Debtor: Fulton Market Cold Storage Company, L.L.C.
        8424 W. 47th Street
        Lyons, IL 60534

Business Description: Fulton Market Cold Storage Company, L.L.C.
                      -- http://www.hasakcs.com-- provides
                      refrigerated warehousing and storage
                      services.  Headquartered in Lyons, Illinois,
                      Fulton Market offers cross docking services,
                      floor loading and unloading, order picking,
                      blast freezing, weighing services, 24/7
                      online access to inventory free of charge,
                      EDI (Electronic Data Interchange), labeling,
                      freezer storage (-5 degrees F) and cooler
                      storage (35 - 42 degrees F).

Chapter 11 Petition Date: February 23, 2018

Case No.: 18-04964

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Hon. Jack B. Schmetterer

Debtor's Counsel: John M Holowach, Esq.
                  THE LAW OFFICE OF JOHN M. HOLOWACH
                  225 W. Washington, Suite 2200
                  Chicago, IL 60606
                  Tel: (312) 300 - 4847
                  Fax: (312) 300 - 4857
                  E-mail: jholowach@jmhlegalgroup.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Amit Hasak, managing member.

A full-text copy of the petition containing, among other items, a
list of the Debtor's six unsecured creditors is available for free
at:

                http://bankrupt.com/misc/ilnb18-04964.pdf


GABRIELLE LAVERNE BROWN: Facility Still Under Temporary Suspension
------------------------------------------------------------------
Joseph Rodrigues, the Patient Care Ombudsman appointed for
Gabrielle Laverne Brown, dba Sonoma Serenity Home, filed a sixth
report with the U.S. Bankruptcy Court for the Northern District of
California.

Sonoma Serenity Home is located at 17575 Carriger Road, Sonoma
California. The California Department of Social Services, Community
Care Licensing (CCL), licenses this facility as a Residential Care
Facility for the Elderly (RCFE).

Based upon the events reported the Patient Care Ombudsman's second
report to the Court dated July 7, 2017, CCL obtained a Temporary
Suspension Order (TSO) on July 7, 2017, which necessitated that all
residents leave the facility and relocate to other facilities. This
TSO also removed the ability of the facility to legally have any
new residents in the home receiving care. Since that date, no
residents have been in care at the facility.

As no residents are in care, the Patient Care Ombudsman has no
recommendations for the Court at this time

A full-text copy of the Sixth PCO Report is available at:

           http://bankrupt.com/misc/canb17-10255-97.pdf

                  About Gabrielle Laverne Brown

Gabrielle Laverne Brown owns the Sonoma Serenity Home, located at
17575 Carriger Road, Sonoma, California.

Gabrielle Laverne Brown filed a pro se Chapter 11 petition (Bankr.
N.D. Cal. Case No. 17-10255) on April 6, 2017.  

Pursuant to an order by the Court on April 7, 2017, Tracy Hope
Davis, the United States Trustee, appointed Joseph Rodrigues as the
Patient Care Ombudsman in the case.


GNC HOLDINGS: Fitch Ups IDR to B After Facility Amendment Results
-----------------------------------------------------------------
Fitch Ratings has upgraded GNC Holdings, Inc.'s Long-Term Issuer
Default Rating (IDR) to 'B' from 'CCC' and removed the Rating Watch
Evolving following the company gaining 87% lender consent to extend
its credit facility's maturity by two years and make certain other
amendments to the existing credit agreement.

Upon the amendment closing, the maturity date of approximately $980
million (or 87%) of term loan principal will extend from 2019 to
2021/2022, while approximately $150 million (13%) is still expected
to mature in March 2019. Fitch expects GNC will be able to address
its 2019 and 2020 maturities with internally generated cash and the
company's proposed $300 million convertible preferred equity
investment from Harbin Pharmaceutical Group Co., LTD. Given Fitch's
expectations of stabilizing sales and EBITDA and ongoing debt
reduction, GNC's refinancing prospects in 2021 could improve
relative to its recent efforts to refinance its $1.1 billion term
loan previously due March 2019. The Rating Outlook is Stable.

GNC announced results of its proposed term loan amendment on Feb.
23, 2018, detailing 87% consent amongst lenders. Upon the closing
of the amendment, approximately $980 million of GNC's $1.1 billion
term loan will either extend to approximately $705 million of a new
Term Loan B due March 2021 or exchange into $275 million of new
asset-backed loan (ABL) FILO term loan due December 2022. The
company will also terminate its existing $300 million revolver due
September 2018 and enter into a new $100 million ABL revolver due
August 2022 upon the completion of the transaction. The company's
pro forma capital structure includes the new ABL, approximately
$150 million of existing term loan principal due March 2019,
approximately $705 million of new Term Loan B principal due March
2021, $275 million of ABL FILO term loan due December 2022, $189
million of convertible notes due September 2020 and $300 million of
convertible preferred equity. Fitch treats the preferred
convertibles as 100% debt. Fitch expects GNC to generate at least
$100 million in annual FCF in 2018-2020, which in combination with
the $300 million investment by Harbin (assuming regulatory and
shareholder approval), would allow the company to repay its 2019
and 2020 maturities plus address a significant amount of the 2019
term loan maturity.

Fitch has also rated the company's new ABL revolving credit
facility, ABL FILO Term Loan and new Term Loan B due 2021 at
'BB'/'RR1', upgraded its existing term loan due 2019 to 'BB'/'RR1'
and assigned its convertible preferred equity at 'CCC+'/'RR6'.

GNC's ratings reflect the company's leading position in the growing
health and wellness products market. The ratings consider recent
market share declines driven by encroaching competition and
executional missteps, which in concert with recent financial policy
decisions, have weakened the company's leverage profile. However,
the ratings also reflect steps the company has taken to reverse
operational declines and reduce leverage, through diverting FCF to
debt paydown and suspending dividends and share buybacks.

Fitch views GNC's recent operating trajectory positively, with
changes to the company's pricing structure and new loyalty program
showing improving comps to 0.2% for full-year 2017, up from -6.5%
in 2016. Fitch expects total revenue to remain fairly stable at
around $2.5 billion through 2020. The company reported EBITDA of
$265 million in 2017, which could grow to around $300 million over
the next 36 months on modest top-line growth and/or gross margin
expansion as a result of store closings leading to reduced
occupancy costs and merchandise margin stabilization. FCF of around
$200 million in 2017 could decline to the low-$100 million range
starting 2018 on increased interest expense and is expected to be
used for debt reduction, including remaining term loan principal
due March 2019.

Fitch has also assigned a 'BB'/'RR1' to the company's new ABL
revolver and ABL FILO term loan. The proposed ABL and FILO security
packages are the same, and include a first lien on assets
comprising domestic inventory and receivables with a second lien on
other domestic assets, though the ABL would receive priority
payment in a default. Fitch has upgraded the company's existing
secured term loan to 'BB'/'RR1' from 'B-'/'RR2' based on improved
recovery prospects following recent and expected debt reduction.
KEY RATING DRIVERS

Recent Distressed Debt Exchange (DDE): Upon the withdrawal of its
proposed credit facility refinancing on Dec. 4, 2017, the company
announced that it had engaged Goldman Sachs and Co. LLC to explore
strategic alternatives and optimize its capital structure,
inclusive of a $300 million revolver due September 2018, $1.1
billion term loan maturing March 2019 and $288 million of
convertible notes due August 2020. On Dec. 21, the company
announced an exchange of approximately $99 million in convertible
notes for 14.6 million shares of common equity; the exchange was
completed on Dec. 27. Fitch viewed the exchange as a DDE, as the
common equity was valued at approximately $50 million based on
GNC's Dec. 27 closing price.

Good Position in a Growing Category: GNC is a leading U.S. retailer
and manufacturer (with around 6% share) of health and wellness
products, including vitamins, minerals and herbal supplements
(VMHS), and sports nutrition and diet products. Historically, the
company has benefited from stable growth in the VMHS industry,
brand leadership, and its broad store footprint and brand presence
in the U.S. and internationally. The company has 8,955 stores
globally as of December 2017 and manufactures products sold at
retailers across the food, drug, and discount category. The company
has outsized presence at Rite Aid Corporation stores through a
partnership and a storefront on Amazon.com. Overall online sales
penetration is around 10%, in line with industry averages. GNC's
brand leadership is evident with nearly half of consolidated
revenue derived from owned-brand products.

The approximately $40 billion VMHS industry has proven to be
recession resistant by growing at a mid-single-digit rate through
economic cycles. The consumable nature of the products and high
frequency of usage as part of regular dietary regimens drive the
stability and defensibility of the business. Given an aging U.S.
population and increased consumer focus on personal health and
wellness, Fitch expects the VMHS industry to continue
mid-single-digit growth over the next several years, making it one
of the faster-growing segments within retail.

Historically, the standalone vitamin retail business has been
resilient to channel disruption from discount and online players
for several reasons. First, inventory breadth in the category is
significant, which is an unappealing characteristic for discount
players that prefer a focused, high-turning inventory mix. Second,
the nature of the industry's product requires an elevated service
component. GNC, whose service model provides product and regimen
guidance to less knowledgeable customers, has benefited from this
information asymmetry. Finally, loyalty programs have proven
effective for standalone players to maintain share in the space,
with GNC's (now-replaced) Gold Card discount program generating
nearly 80% of company sales.

Recent Weakness: Despite good historical fundamentals, GNC's
operating trajectory turned in 2014, with sales declining from a
peak of $2.64 billion in 2013 to $2.45 billion in 2017, while
EBITDA has been halved from around $530 million in 2013 to $265
million in 2017. While the category has continued its growth
trajectory, the alternate channels appear to be taking share from
standalone players such as GNC. The proliferation of
vitamin-related information online coupled with an increased
vitamin focus by a number of competitors in the discount, grocery,
drug retail and online spaces have limited GNC's competitive
advantage in recent years.

Fitch believes GNC also took some operational missteps in recent
years. The company's marketing and merchandising efforts have
historically appealed to sports-related products such as
muscle-gain proteins, while industry growth has focused more on
natural/organic supplements, particularly for the aging baby boomer
population. In addition, while the company's Gold Card loyalty
program was a historical advantage, the loyalty scheme recently
created price confusion among consumers who increasingly value
price transparency. The pricing structure was also misaligned in
the company's stores relative to its online channel, where products
were heavily discounted.

EBITDA declines in recent years have outpaced revenue moderation
due to the deleveraging impact on fixed expenses such as rent and
store payroll as well as the company's decisions to maintain
investments in marketing and product innovation. More recently,
margins have declined due to the company's concerted efforts to
reduce prices in an increasingly competitive environment and to
align pricing across its channels and simplify its pricing model
for loyalty card customers. EBITDA erosion has weakened the
company's leverage profile, with adjusted debt/EBITDAR rising from
the mid-4.0x range in 2013 to around 6.6x in 2017. This increase
was exacerbated by the company's decision to execute debt-financed
share buybacks in 2015 and first half of 2016 (1H16). Outstanding
debt balances increased by around $300 million from the start of
2015 until the company ceased share buybacks in mid-2016.

EBITDA Expected to Improve through 2020: Over the past 18 months,
GNC has implemented a number of strategic changes that could
stabilize results while improving leverage. The company has reduced
prices to be more competitive and aligned price points across
channels to reduce customer confusion. GNC replaced its existing
loyalty program, wherein a paid membership provided ongoing product
discounts. The new loyalty program includes both a free tier where
customers can earn rewards based on spending, and a paid tier with
additional benefits. The goal of the new free tier is to grow
enrollment in the overall program while improving ongoing product
margins. Research and development investments have been geared
toward enhanced product innovation to drive customer excitement and
brand differentiation. Sales staff re-training is designed to
fortify the company's ability to effectively counsel and advise
customers.

GNC's efforts have led to some signs of improvement, with average
transactions improving from negative in 2015-2016 to up over 11% in
2017, and positive enrollment trends for the company's new loyalty
program (11 million members in the free tier as of December 2017).
Comparable store sales (comps) were 1.3% in 3Q17, the company's
first positive comp since 4Q15, and accelerated to 5.7% in 4Q17, to
drive 0.2% annual comps for full-year 2017.

While sales have shown some evidence of stabilization, GNC's
initiatives have had a negative impact on EBITDA. Price reductions
have reduced gross margin by 125bps to 32.6% in full-year 2017,
while the elimination of the paid loyalty program has caused
significant declines in high-margin membership fee revenue. EBITDA,
which was $350 million in 2016, declined to $265 million in 2017,
with quarterly declines YTD through 3Q17, but flattish EBITDA in
4Q17.

Despite recent trends and increased competition from alternate
channels, Fitch believes there is long-term viability in the
standalone vitamin retail space and that GNC's size, positive FCF
generation, brand recognition and vertical manufacturing
capabilities are assets that would allow it to defend share longer
term should its recently enacted strategies be unsuccessful. As the
company laps significant changes made in 2017, the continuation of
modestly positive comps could yield EBITDA trending to above $300
million over the next three years.

New Financial Policy and FCF Supports Deleveraging: As GNC
undertakes these initiatives; the company has also made significant
changes to its cash deployment strategies. Over the past 18 months,
the company has eliminated both its dividend and share buyback
program, and redirected its FCF to debt paydown, repaying nearly
$168 million of debt during 2017. The company's net leverage target
of 3x, capitalizing leases at 5x, equates to 4x Fitch-defined
leverage (capitalizing leases at 8x) assuming minimal cash balances
for both calculations. Assuming the company successfully completes
the refinancing of its upcoming maturities and continues to direct
FCF toward debt paydown along with its stated financial policy,
leverage could decline below mid-5.5x in 2020 based on around $200
million of FCF in 2017 and low-$100 million annually starting in
2018.

RECOVERY CONSIDERATIONS

Fitch's recovery analysis is based on a going-concern value of
$1.25 billion, versus approximately $630 million from an orderly
liquidation of assets composed primarily of inventory, receivables
and owned property and equipment. Post-default EBITDA was estimated
at $250 million, modestly below company's 2017 EBITDA. Fitch
believes current operating results represent a potential
post-bankruptcy scenario following a nearly 50% decline in EBITDA
over the past three years. The analysis uses a 5.0x enterprise
value/EBITDA multiple, consistent with the 5.4x median multiple for
retail going-concern reorganization but at the low end of the
12-year retail market multiples of 5x-11x, and below 7x-12x for
retail transaction multiples. The multiple considers GNC's
historically strong position in a good category, recent competitive
encroachment by alternate channels and operational missteps.

After deducting 10% for administrative claims, the remaining $1.125
billion would lead to full recovery for the new ABL revolver and
ABL FILO Term Loan, which are therefore rated 'BB'/'RR1'. The ABL
revolver and ABL FILO Term Loan are secured by a first lien on
assets comprising domestic inventory and receivables with a second
lien on other domestic assets, though the ABL would receive
priority payment in a default. ABL revolver availability is
governed by a borrowing base which includes domestic inventory and
receivables; Fitch assumes the revolver is 70% drawn in a default.

The company's existing term loan and new Term Loan B would have
outstanding recovery prospects (91%-100%) and are therefore rated
'BB'/'RR1'. GNC's new convertible preferred equity would have poor
recovery prospects (0%-10%) and is therefore rated 'CCC+'/'RR6'.

DERIVATION SUMMARY

GNC's IDR of 'B' reflects GNC's leading position in the growing
health and wellness products market. The rating considers recent
market share declines, driven by encroaching competition and
executional missteps, which in concert with recent financial policy
decisions, have weakened the company's leverage profile. However,
the rating also reflects steps the company has taken to reverse
operational declines and reduce leverage, through diverting FCF
toward debt paydown and suspending dividends and share buybacks.GNC
is rated similarly to SUPERVALU Inc. (B/Negative) and Rite Aid
Corporation (B/Rating Watch Evolving). SUPERVALU is a secularly
challenged grocery retailer and wholesale grocery operator, with
leverage expected to trend in the low-5.0x. Rite Aid Corporation,
which recently announced a merger with Albertsons Companies, is a
drug retailer whose recent market share losses raise questions
around EBITDA stabilization prospects; its pro forma leverage
following the sale of assets to Walgreens Boots Alliance, Inc. is
projected to trend around 7.0x.

KEY ASSUMPTIONS

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

-- Fitch expects total revenue to remain fairly stable in the $2.5
billion range through 2020. Revenue, which declined 3.4% in 2017,
is expected to decline 1% in 2018 due to store closings before
turning modestly positive in the low-single-digits thereafter. Same
store sales turned modestly positive for full-year 2017 given
strong improvement in the back half of the year, and are expected
grow in the low-single-digits in 2018-2020.

-- 2017 EBITDA was $265 million versus $350 million in 2016 and
the average $500 million range in 2012-2015. EBITDA is expected to
improve to low-$300 million by 2020 on modest top-line growth
and/or gross margin expansion as a result of store closings,
leading to reduced occupancy costs and merchandise margin
stabilization.

-- FCF is expected to be in the low-$100 million range annually
starting 2018 compared to $200 million in 2017, on higher interest
following GNC's term loan amendment. GNC has suspended both its
dividends and share-buybacks. Fitch would expect the company to use
FCF for debt paydown, in line with its public guidance. Fitch also
expects GNC to use cash generated from its $300 million convertible
preferred equity investment for debt reduction.

-- Adjusted leverage (capitalizing rent expense at 8x) finished
2017 at 6.6x, and is could trend to the low-5.0x range through 2020
based on EBITDA growth and debt reduction.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action
An upgrade could occur with increased confidence in the company's
ability to sustain EBITDA in the $300 million range while paying
down debt such that leverage sustains under mid-5x.

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action
A downgrade would occur if the company shows lack of expected sales
improvement and debt paydown such that leverage remains elevated
near current levels and/or the inability of GNC to address upcoming
debt maturities in a timely fashion.

LIQUIDITY

GNC's total liquidity as of Dec. 31, 2017 was approximately $360
million, which includes $64 million in cash and no borrowings
outstanding on the company's $300 million revolver.

FULL LIST OF RATING ACTIONS

Fitch has upgraded and removed the Evolving Watch from the
following ratings:

GNC Holdings, Inc.
-- Long-Term IDR to 'B' from 'CCC'.

General Nutrition Centers, Inc.
-- Long-Term IDR to 'B' from 'CCC';
-- Secured Term Loan/Credit Facility to 'BB'/'RR1' from 'B-
    '/'RR2'.

Fitch has also assigned the following ratings:
GNC Holdings, Inc.
-- Proposed Convertible Preferred Equity 'CCC+'/'RR6'.

General Nutrition Centers, Inc.
Proposed ABL Revolver and ABL FILO Term Loan 'BB'/'RR1'.

The Rating Outlook is Stable.


GREEN PALLET: Taps Miller & Miller as Legal Counsel
---------------------------------------------------
Green Pallet Co., Inc., seeks approval from the U.S. Bankruptcy
Court for the District of Maryland to hire Miller & Miller, LLP, as
its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; negotiate with creditors; assist the Debtor in any
potential sale or disposition of its assets; prepare a plan of
reorganization; and provide other legal services related to its
Chapter 11 case.

Miller & Miller will charge an hourly fee of $250 for its services.
The firm received an initial retainer of $7,000, plus $1,717 for
the filing fee.

Edward Miller, Esq., at Miller & Miller, disclosed in a court
filing that he and his firm are "disinterested persons" as defined
in Section 101(14) of the Bankruptcy Code.

Miller & Miller can be reached through:

     Edward M. Miller, Esq.
     Miller & Miller, LLP
     39 N. Court St.
     Westminster, MD 21157
     Tel: (410) 751-5444
     Fax: (410) 751-6633
     E-mail: mmllplawyers@verizon.net

                     About Green Pallet Co.

Based in Westminster, Maryland, Green Pallet Co., Inc. --
http://greenpallet.tripod.com/-- makes disposable pallets for
customers mainly in the building supply industry within a 100-mile
radius of its Westminster Plant.  Pallets are manufactured in a
44,000-square-foot building, formerly used by a company that
manufactured roof trusses.  Green Pallet was founded by David Green
in 1967.

Green Pallet sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Md. Case No. 18-12072) on Feb. 17, 2018.  In the
petition signed by David Green, senior vice-president, the Debtor
estimated assets of less than $500,000 and liabilities of $1
million to $10 million.  

Judge Robert A. Gordon presides over the case.

Miller & Miller, LLP, is the Debtor's legal counsel.


GULFMARK OFFSHORE: Promotes S. Rubio to Chief Financial Officer
---------------------------------------------------------------
GulfMark Offshore, Inc., disclosed that Samuel (Sam) R. Rubio will
be promoted to the position of chief financial officer upon
completion of the filing of the Company's Form 10-K.  Sam will
replace Mr. James (Jay) M. Mitchell, who will transition his
responsibilities to Sam over the next several weeks.

Mr. Rubio joined GulfMark in 2005 and has continued to earn
increasing responsibilities within the organization, currently
holding the position of senior vice president - controller and
chief accounting officer.  Sam became vice president - controller
and chief accounting officer in 2008 and was promoted to senior
vice president in 2012.  Sam has over 35 years of experience in
accounting at both operating division and corporate levels as well
as the management of accounting organizations.  He holds a Bachelor
of Business Administration degree from Sul Ross State University.
Mr. Rubio is a Certified Public Accountant and a member of both the
American Institute of Certified Public Accountants and the Texas
Society of Certified Public Accountants.

Quintin Kneen, GulfMark's president and chief executive officer,
commented, "On behalf of the entire GulfMark team, I would like to
congratulate Sam on this well-deserved promotion.  This is an
important milestone in the successful operational and financial
turnaround of our company.  Following the restructuring, we have
one of the strongest balance sheets in the OSV industry and have
implemented operational changes that have lowered our cost
structure.  As Sam assumes the CFO responsibilities we will be
implementing further improvements in the efficiency and cost
effectiveness of our operations.  We are beginning to see improving
market conditions, and these improvements coupled with our lower
cost structure position GulfMark well to return to positive
earnings and cash flow.

"I also want to thank Jay for his help in completing the recent
financial restructuring and for providing a smooth transition
period for Sam.  We wish Jay the best in his future endeavors."

                       Separation Agreement

Mr. Mitchell will continue to receive his current base salary
through the Separation Date.  The Company and Mr. Mitchell have
entered into a Separation and Mutual Release Agreement, dated Feb.
16, 2018, memorializing the terms of his transition and separation
of employment.  The Separation Agreement provides that Mr. Mitchell
will receive approximately $490,253 (representing 18 months of base
salary and welfare benefit continuation) in full satisfaction of
the Company's obligations to him under any and all plans, programs
or arrangements of the Company under which Mr. Mitchell may be
entitled to payments and/or benefits in connection with the
termination of his employment, including pursuant to his Employment
Agreement and Change in Control Agreement (in each case with the
Company and dated May 30, 2013).  The Separation Agreement also
contains a limited mutual release, as well as mutual
non-disparagement obligations.  Further, pursuant to the Separation
Agreement, Mr. Mitchell will be subject to a six-month
non-competition provision and customary confidentiality and
non-solicitation covenants.

                     About Gulfmark Offshore

Based in Houston, Texas, GulfMark Offshore, Inc., is a global
provider of marine transportation services through a fleet of
offshore support vessels for the offshore energy industry.  The
Company was incorporated in 1996.  The Company's business has been
impacted by the level of activity in worldwide offshore oil and
natural gas exploration, development and production, which in turn
is influenced by trends in oil and natural gas prices.

GulfMark sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Case No. 17-11125) on May 17, 2017.  In the
petition signed by Quintin V. Kneen, president and CEO, the Debtor
disclosed $1.07 billion in assets and $737.1 million in liabilities
as of March 31, 2017.  

GulfMark hired Richards, Layton & Finger, P.A. and Weil, Gotshal &
Manges LLP as legal counsel; Blank Rome LLP as corporate counsel;
Alvarez & Marsal North America LLC as financial advisor; Evercore
Group LLC as investment banker; Ernst & Young LLP as restructuring
consultant; KPMG US LLP as auditor and tax consultant; and Prime
Clerk LLC as claims, noticing & solicitation agent.


HANGER INC: Moody's Assigns B1 CFR; Outlook Stable
--------------------------------------------------
Moody's Investors Service announced that it assigned a B1 Corporate
Family Rating and B1-PD Probability of Default Rating to Hanger,
Inc. The rating agency assigned instrument ratings of B1 to
Hanger's new senior secured first lien revolving credit facility
and term loan. Moody's also assigned a Speculative Grade Liquidity
Rating of SGL-2. The outlook is stable.

Ratings assigned:

Hanger, Inc.

Corporate Family Rating at B1

Probability of Default Rating at B1-PD

Senior secured first lien revolving credit facility expiring 2023
at B1 (LGD 3)

Senior secured first lien term loan due 2025 at B1 (LGD 3)

Speculative Grade Liquidity Rating at SGL-2

The outlook is stable.

RATINGS RATIONALE

The B1 Corporate Family Rating reflects the highly specialized
nature of Hanger's operations, as well as its moderately high
financial leverage. Moody's expects Hanger's adjusted debt to
EBITDA to remain in the mid 4 times range over the next 12-18
months. The B1 rating also reflects ongoing risks that remain
following multiple years of financial restatements and
time-consuming and costly efforts to remediate Hanger's inadequate
internal controls. Despite significant progress over the past two
years, several upgrades to the company's internal controls will
require testing in 2018 before they can be deemed fully effective.

The rating is supported by the company's good scale and national
footprint relative to competitors, with nearly 700 accredited
clinics where it provides customized orthotics and prosthetics to
patients. It further reflects the steady, non-cyclical demand of
Hanger's businesses and the recurring nature of its revenues.

The Speculative Grade Liquidity Rating of SGL-2 reflects good
overall liquidity that Moody's believes will be supported by full
availability on its new revolving credit facility and good cash
flow.

The stable outlook reflects Moody's expectation that Hanger will
maintain its market leading position in orthotics and prosthetics.
The stable outlook also reflects Moody's expectation that Hanger
will file its 2017 audited financial statements by mid-2018, and
progress further in remediating its internal controls issues.

Ratings could be downgraded if operating performance weakens, or if
the company's adjusted debt to EBITDA is sustained above 5.0 times.
The ratings could also be downgraded if Hanger is unable to fully
remediate the material weaknesses in its internal controls.

The ratings could be upgraded if Hanger materially increases its
scale while sustaining debt to EBITDA below 4.0 times. For an
upgrade to be considered, Hanger will also need to successfully
remediate all material weaknesses related to its internal
controls.

Hanger, Inc., headquartered in Austin, TX, is the leading provider
of orthotic and prosthetic patient care services in the US. The
company owns and operates 689 accredited primary care clinics and
109 satellite locations in 45 states and the District of Columbia.
Moody's estimates annual revenues to be approximately $1.0 billion.


HAWKERS REALTY: Taps Baldwin Law Firm as Legal Counsel
------------------------------------------------------
Hawkers Realty, LLC, seeks approval from the U.S. Bankruptcy Court
for the Southern District of Mississippi to hire Baldwin Law Firm
as legal counsel.

The firm will represent the Debtor primarily in matters involving
the ordinary course of business, and assist the Debtor in
bankruptcy-related matters.

The firm charges an hourly fee of $200 for its attorneys and $95
for paralegal services.

Clay Baldwin, Esq., the attorney at Baldwin Law Firm, who will be
handling the case, disclosed in a court filing that he does not
represent any interest adverse to the Debtor or its estate.

Baldwin Law Firm can be reached through:

     Clay Baldwin, Esq.
     Baldwin Law Firm
     100 Depot Drive, Suite B
     Madison, MS 39110
     Phone: (601) 707-4777
     Fax: (601) 707-4770
     E-mail: contact@thebaldwinfirm.com

                       About Hawkers Realty

Hawkers Realty LLC is a small, fairly new real estate broker and
agent company based in Magee, Mississippi.  Hawkers Realty filed a
Chapter 11 petition (Bankr. N.D. Miss. Case No. 17-13529) on Sept.
21, 2017.  The case was subsequently transferred to the Southern
District of Mississippi and assigned case number 17-04644.  Judge
Neil P. Olack presides over the case.

In its petition signed by Kim McNulty, manager, the Debtor
estimated assets and liabilities between $500,000 and $1 million.


The Debtor is represented by R. Michael Bolen, Esq., at Hood &
Bolen, as counsel.

Lender Peoples Bank is represented by:

     J. Walter Newman, IV, Esq.
     Newman & Newman
     587 Highland Colony Parkway
     Ridgeland, MS 39157
     Telephone: (601) 948-0586
     E-mail: wnewman95@msn.com


HAWKERS REALTY: Taps Prince CPA Firm as Accountant
--------------------------------------------------
Hawkers Realty, LLC, seeks approval from the U.S. Bankruptcy Court
for the Southern District of Mississippi to hire Prince CPA Firm as
its accountant.

The firm will assist the Debtor in the preparation of its monthly
operating reports and will provide other accounting services
related to its Chapter 11 case.

The firm charges an hourly fee of $150 for the services of its
certified public accountants and $100 for staff accountants who are
associates.

Charles Prince, a certified public accountant employed with Prince
CPA Firm, disclosed in a court filing that the firm's accountants
do not represent any interest adverse to the Debtor or its estate.

Prince CPA Firm can be reached through:

         Charles R. Prince
         Prince CPA Firm
         1109 Laurel Drive SE
         Magee, MS 39111
         Phone: (601) 849-2544
         Fax: (601) 849-5147
         E-mail: info@crpcpa.com

                       About Hawkers Realty

Hawkers Realty LLC is a small, fairly new real estate broker and
agent company based in Magee, Mississippi.  Hawkers Realty filed a
Chapter 11 petition (Bankr. N.D. Miss. Case No. 17-13529) on Sept.
21, 2017.  The case was subsequently transferred to the Southern
District of Mississippi and assigned case number 17-04644.  Judge
Neil P. Olack presides over the case.

In its petition signed by Kim McNulty, manager, the Debtor
estimated assets and liabilities between $500,000 and $1 million.


The Debtor is represented by R. Michael Bolen, Esq., at Hood &
Bolen, as counsel.

Lender Peoples Bank is represented by:

         J. Walter Newman, IV, Esq.
         Newman & Newman
         587 Highland Colony Parkway
         Ridgeland, MS 39157
         Telephone: (601) 948-0586
         E-mail: wnewman95@msn.com


HS 45 JOHN: Bid to Dismiss Purchaser Lawsuit Denied
---------------------------------------------------
HS 45 John LLC filed a motion for summary judgment dismissing the
adversary proceeding captioned 45 JOHN NY, LLC, Plaintiff, v. HS 45
JOHN LLC, Defendant, Adv. Proc. No. 16-01180 (SHL) (Bankr.
S.D.N.Y.). Plaintiff and Purchaser 45 John NY, LLC opposed the
motion and cross-moved for summary judgment. Considering the facts
presented, Bankruptcy Jude Sean Lane denied both motions.

The Debtor filed for Chapter 11 relief on Feb. 20, 2015. The Debtor
was the proposed purchaser of the real property located at 45 John
Street, New York, NY, under a Sept. 19, 2014 contract with 45 John
Lofts LLC, the owner at that time. The Debtor alleges that after
making a down payment of $14.33 million toward the $65.9 million
purchase price, the principals of 45 John Lofts LLC, Chaim Miller
and Sam Sprei, misappropriated the bulk of the deposit and then
failed to close. The resulting default interest and potential
foreclosure action motivated Debtor's Chapter 11 filing

In its resolution of the bankruptcy, the Debtor together with 45
John Lofts LLC agreed to sell the property to the Purchaser. The
parties entered into an Asset Purchase Agreement, dated Oct. 19,
2015 (the "APA"), for the sale and purchase of the Property. The
APA set a purchase price of $73M.

On July 6, 2016, the Purchaser commenced the adversary proceeding
asserting claims against Debtor for breach of contract under the
APA. In the Complaint, Purchaser alleges that Debtor breached the
APA by (1) failing to ensure the Property was "free and clear of
all claims, liens, taxes and encumbrances of any kind or nature
whatsoever"; (2) failing to ensure the Property was "vacant and no
person or entity ha[d] any right or option to lease or acquire any
portion thereof"; and (3) falsely representing that it had "not
entered into any leases, licenses, or other occupancy agreements,
or any service contracts or other contracts or agreements affecting
any portion of the John Street Property." The Purchaser contends
that the result of these alleged breaches of the APA is that
Purchaser is unable to use the premises as intended. The Purchaser
specifically requests that the Court award damages of $500,000,
which matches its report of AT&T's estimated cost to remove or
relocate the Cell Tower. The Purchaser contends that it is now
entitled to prevail on its claims as a matter of law.

The Debtor does not deny the existence of a contract or that
Purchaser upheld its performance obligations by paying the purchase
price. Rather, the Debtor challenges the breach allegations and
offers several affirmative defenses that it argues should result in
summary judgment in its favor. Specifically, the Debtor argues that
Purchaser waived its contractual rights to sue for breach of the
APA by its actions in relation to the Rejection Hearing (including
the creation of the escrow), and that the Court's Rejection Order
precludes Purchaser's Complaint under the doctrines of res
judicata, collateral estoppel, and the law of the case. The Debtor
asserts that if it does not prevail on its affirmative defenses,
the Court should deny summary judgment to the Purchaser because
Debtor has not breached APA Sections 7.1.5 or 7.1.3, and because in
regards to Purchaser's rights to sue, the APA and Escrow Agreement
read together are at best ambiguous.

By its terms, the APA is governed by New York law. To establish a
claim for breach of contract under New York law, a plaintiff must
prove four elements: "(1) the existence of a contract, (2)
performance of the contract by one party, (3) breach by the other
party, and (4) damages suffered as a result of the breach."

Purchaser alleges three breaches of the APA, all stemming from the
Cell Tower and Cell Tower Lease. Notwithstanding the breach of
these three APA provisions, summary judgment for the Purchaser is
not appropriate because Defendant has raised material questions of
fact regarding the effect of the Escrow Agreement and its waiver
defense. Specifically, Debtor argues that the Purchaser's rights to
sue under the APA were modified and/or waived by the Escrow
Agreement.

The existence of the "no modification" clause casts further doubt
on parties understanding of the Escrow Agreement and what they
believed was at stake at the Rejection Hearing. Construing the
record in favor of the Purchaser for purposes of Debtor's motion
for summary judgment, the facts are not sufficient to provide a
clear manifestation of Purchaser's intent to relinquish a
contractual right.

The Debtor's res judicata defense fails the fourth prong of the
test because the current adversary proceeding does not involve any
of the same causes of action as those resolved by the Rejection
Hearing, and therefore does not bar Purchaser's claims. The only
causes of action before the Court that day were Debtor's motions
for termination and rejection of the Cell Tower Lease and AT&T's
sale relief request under FRCP 60(b). Admittedly, a particular
argument might still be precluded even if it is not made at a prior
proceeding. "Res judicata extends to all claims that 'were or could
have been raised in that action.'" However, Purchaser's contract
rights under the APA were not directly relevant to the motions then
being litigated and, it is unclear whether the Purchaser believed
that staying silent on the issue would impact those rights. Given
the undisputed facts before the Court, therefore, the Debtor's res
judicata defense fails.

For these reasons, the Court denies both motions for summary
judgment. The parties will settle an order and jointly confer about
the next stage in these proceedings, including the possibility of
mediation.

The bankruptcy case is in re: HS 45 JOHN LLC, Chapter 11, Debtor,
Case No. 15-10368 (SHL) (Bankr. S.D.N.Y.).

A full-text copy of Judge Lane's Memorandum Decision dated Feb. 9,
2018 is available at https://is.gd/1mYgJS from Leagle.com.

45 John NY LLC, Plaintiff, represented by William Schneider,
Schneider Law Group & Justin M. Sher -- jsher@shertremonte.com --
Sher Tremonte LLP.

HS 45 John LLC, Defendant, represented by J. Ted Donovan, Goldberg
Weprin Finkel Goldstein LLP.

HS 45 John LLC, Counter-Claimant, represented by J. Ted Donovan,
Goldberg Weprin Finkel Goldstein LLP.

45 John NY LLC, Counter-Defendant, represented by Justin M. Sher,
Sher Tremonte LLP.

                       About HS 45 John

The 45 John Street, New York, NY (Block 78, Lots 1701-1787), is a
vacant, partially renovated mixed use condominium with three
commercial units and 84 residential units on twelve floors.

The John Street Property is owned by 45 John Lofts LLC which was
organized in February 2014 by Chaim Miller, as the 68% member and
initial manager, and Chun Peter Dong as the other 32% member.
Thereafter, Miller assigned portions of his 68% membership interest
in 45 John Lofts LLC to a group of Asian investors headed by Wing
Fung Chau and Tu Kang Yang. The group also included Sum Tsang
Cheng, Wan Bin Lu, Song Lin, Mei Hua Chen, Xiu Qin Lin, Xin Yu
Huang, Bao Di Liu, Shu Ping Chan, Season Garden Realty, Inc., Li
Lan Liao a/k/a Li Lan Wu and Aiyun Chen (all of whom are
collectively referred to as the "41% Investors").

John Lofts' acquisition of the John Street Property was financed
through various mortgage loans obtained from two Madison Capital
affiliates, SDF81 45 John Street 1 LLC and SDF81 45 John Street 2
LLC (collectively the "SDF Lenders") in the aggregate principal
amount of $48 million.

On Sept. 19, 2014, Miller and John Lofts entered into Contract to
sell the John Street Property to the Debtor for a total sum of
approximately $65.9 million. The Debtor's Contract included a
deposit of $14.33 million which was paid directly to John Lofts,
less certain reserves and prepayments.  As events unfolded, most of
the deposit ($10.75 million) was simultaneously used by Miller to
consummate a separate set of transactions to buy out his partner Bo
Jin Zhu (the "Zhu Buyout"), concerning four other properties
located at (i) 97 Grand Avenue, Brooklyn; (ii) 203-205 North 8th
Street, Brooklyn; (iii) 32-34 Fifth Ave, Brooklyn; and (iv) 29
Ryerson Street, Brooklyn (collectively, the "Brooklyn
Properties").

In connection with the Debtor's Contract, 45 John Lofts, together
with Miller and his associate, Sam Sprei, made a series of
warranties and representations relating to the status of the
mortgages encumbering the John Street Property, promising that the
Mortgages were, and would remain current, and were not in default.
These representations and warranties proved to be completely false
and untrue.

In addition, Miller and Sprei became subject to a number of State
Court lawsuits with, among others, Dong and the 41% Investors
challenging Miller's authority to sell the John Street Property to
the Debtor without their consent.

In light of all of the competing claims and interests, HS 45 John
LLC, a single asset real estate, filed a Chapter 11 bankruptcy
petition (Bankr. S.D.N.Y. Case No. 15-10368) on Feb. 20, 2015.  The
case is assigned to Judge Sean H. Lane.

The Debtor estimated $50 million to $100 million in assets and
liabilities.

The Debtor tapped Goldberg Weprin Finkel Goldstein LLP and Loeb &
Loeb LLP as attorneys.


ICONIX BRAND: S&P Lowers CCR to 'SD' On Distressed Exchange
-----------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
U.S.-based Iconix Brand Group Inc. to 'SD' from 'CC'.

S&P's 'CCC+' issue level rating and '1' recovery rating on the
senior secured term loan are not affected.

The rating action follows the completion of the exchange offer for
$125 million principal amount of convertible notes due in March
2018 (2018 convertible notes) for an equal amount of new
convertible notes due in August 2023 (new convertible notes) and
cash payments representing accrued but unpaid interest. This
represents an upsize of $15 million compared to the exchange amount
of $110 million as previously announced.


INSTITUTE OF CARDIOVASCULAR: April 17 Plan Confirmation Hearing Set
-------------------------------------------------------------------
Judge Jerry A. Funk of the U.S. Bankruptcy Court for the Middle
District of Florida entered an Order approving the Disclosure
Statement explaining the Chapter 11 bankruptcy-exit plan of
Institute of Cardiovascular Excellence, PLLC and ICE Holdings,
PLLC.

Judge Funk set a hearing for April 17, 2018, at 11:30 a.m. at
Jacksonville, FL - 300 North Hogan St., 4th Floor Courtroom 4D, to
consider confirmation of the Plan.

According to Bloomberg.com, Institute of Cardiovascular Excellence,
PLLC filed a joint plan of liquidation and related disclosure
statement in Bankruptcy Court on November 30, 2017.  Under the
plan, the administrative claims, Siemens' administrative claim,
professional fee claims, priority tax claims and US Trustee fees
will be paid in full in cash.

Allowed secured claims of Fifth Third Bank of $10.26 million will
be paid in full from sale proceeds.  Allowed secured claim of the
SBA as it relates to the Ocala Property of $2 million will be paid
in full at closing through sale proceeds.

Allowed secured claim of Community Bank relating to ICE Paddock
Downs Land Lots of $0.55 million will be paid in full in cash.
Allowed secured claim of Cardinal Health 200, LLC will be set off
based on a credit balance in the amount of $3,332.49.

Allowed secured claim of Sumter County Tax Collector will be paid
in full in cash.  Allowed Priority Wage claims of $0.05 million
will be paid in full in cash and any individual claim in excess of
$12850 will be treated as general unsecured claims.

Allowed claims of Government Entities and Relators will be paid
$2.2 million from sale proceeds.  Allowed general unsecured claims
of $7.47 million will be paid in cash in full satisfaction.

Allowed equity interests shall be cancelled and each holder shall
not receive any property or Distribution on account of such Equity
Interest.

The plan will be funded from cash on hand and sale of Debtor's
assets and estate.

According to Bloomberg.com, the Bankruptcy Court gave an order
approving the sale of the substantially all the Debtor's assets on
November 2, 2016.  The debtor has been authorized to sell
substantially all its assets to Shands Teaching Hospital and
Clinics, Inc., the stalking horse bidder for a purchase price of
$14.9 million in cash. The purchase price consist of base purchase
price of $13.86 million and buyer's premium equal to 7% of base
purchase price. The buyer will be entitled to the break-up fee of
$0.25 million. The debtor did not receive any other competing bids
for the purchase of its assets and therefore auction has been
cancelled.

      About Institute of Cardiovascular Excellence

Institute of Cardiovascular Excellence, PLLC, based in Ocala,
Florida, filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
16-01491) on April 20, 2016.  The petition was signed by Asad
Qamar, manager.  Judge Jerry A. Funk presides over the case.  The
Debtor estimated $0 to $50,000 in assets and $10 million to $50
million in liabilities at the time of the filing.

The Debtor is represented by Aaron A Wernick, Esq., at Furr &
Cohen, PA.  The Debtor employed Jameson Vicars of Jameson Vicars &
Co., CPAS, as accountant; Tracy Mabry Law, PA., as special counsel;
and Ackerman, LLP, as special transactional counsel.

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


ION GEOPHYSICAL: Empery Asset Has 5.2% Stake as of Feb. 16
----------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Empery Asset Management, LP, Mr. Ryan M. Lane and Mr.
Martin D. Hoe disclosed that as of Feb. 16, 2018, they beneficially
own 727,250 shares of Common Stock and 727,250 shares of Common
Stock issuable upon exercise of Warrants of ION Geophysical
Corporation, constituting 5.25 percent of the shares outstanding.

Pursuant to the terms of the Reported Warrants, the Reporting
Persons cannot exercise the Reported Warrants to the extent the
Reporting Persons would beneficially own, after any such exercise,
more than 4.99% of the outstanding shares of Common Stock.
Consequently, as of Feb. 16, 2018, the Reporting Persons were not
able to exercise any of the Reported Warrants due to the Blockers.
   
Empery Asset Management, LP, which serves as the investment manager
to the Empery Funds, may be deemed to be the beneficial owner of
all shares of Common Stock held by, and underlying the Reported
Warrants (subject to the Blockers) held by, the Empery Funds.  Each
of the Reporting Individuals, as Managing Members of the General
Partner of the Investment Manager with the power to exercise
investment discretion, may be deemed to be the beneficial owner of
all shares of Common Stock held by, and underlying the Reported
Warrants (subject to the Blockers) held by, the Empery Funds.

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

                     https://is.gd/1xCSpq
    
                           About ION

Headquartered in Delaware, ION Geophysical Corporation --
http://www.iongeo.com/-- is a provider of technology-driven
solutions to the global oil and gas industry.  ION's offerings are
designed to help companies reduce risk and optimize assets
throughout the E&P lifecycle.

ION Geophysical reported a net loss attributable to the Company of
$30.24 million in 2017, a net loss attributable to the Company of
$65.14 million in 2016 and a net loss attributable to the Company
of $25.12 million in 2015.  As of Dec. 31, 2017, Ion Geophysical
had $301.1 million in total assets, $270.3 million in total
liabilities and $30.80 million in total stockholders' equity.

                           *    *    *

In October 2016, S&P Global Ratings raised the corporate credit
rating on ION Geophysical to 'CCC+' from 'SD'.  The rating action
follows ION's partial exchange of its 8.125% notes maturing in 2018
for new 9.125% second-lien notes maturing in 2021.

In May 2016, Moody's Investors Service affirmed ION Geophysical's
'Caa2' Corporate Family Rating, and affirmed and appended its
Probability of Default Rating (PDR) at 'Caa2-PD/LD'.  ION's 'Caa2'
reflects its exposure to the highly volatile and cyclical seismic
sector, which is currently in the midst of a severe sector
down-turn, pressuring ION's earnings and cash flow generation.


IVORY MERGER: Moody's Assigns 'B3' Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating and
B3-PD Probability of Default Rating to Ivory Merger Sub, Inc.
Moody's also assigned a B2 (LGD 3) rating to the company's first
lien credit facilities comprised of a $50 million revolving credit
facility and a $265 million first lien term loan. Moody's also
assigned a Caa2 rating (LGD 5) to the company's $115 million second
lien term loan. The rating outlook is stable.

Proceeds from the term loans and approximately $235 million of
equity will be used to finance the acquisition of Zest Dental
Solutions ("Zest") by BC Partners. At closing, Ivory Merger Sub,
Inc. will be merged into Charger Acquisition Corp ("Charger") the
parent of Zest, with Charger being the surviving entity. Upon
closing of the transaction, Moody's will withdraw all existing
ratings currently assigned to Zest Holdings. LLC.

The following ratings were assigned:

Ivory Merger Sub, Inc. (to be merged into Charger Acquisition Corp.
upon closing)

Corporate Family Rating at B3

Probability of Default Rating at B3-PD

$50 million first lien revolving credit facility due 2023 at B2
(LGD 3)

$265 million first lien term loan due 2025 at B2 (LGD 3)

$115 million second-lien term loan due 2026 at Caa2 (LGD 5)

The rating outlook is stable.

RATING RATIONALE

Charger's B3 Corporate Family Rating reflects the company's very
narrow product focus on dental attachments and its small revenue
base with LTM revenues under $100 million. The company's ratings
also reflect its high leverage as Moody's expects debt/EBITDA at
closing to be in the high six times. Charger benefits from a long
term track record of consistent revenue growth and high EBITDA
margins. The company also benefits from favorable long-term demand
for dental attachments, primarily due to the aging population.

The rating outlook is stable. Moody's expects that Charger will
maintain moderate growth in revenue and earnings in line with
historical trends while maintaining good overall liquidity.

Ratings could be upgraded if the company grows its sales in
earnings. Quantitatively, ratings could be upgraded if debt/EBITDA
is sustained below five times while maintaining good liquidity.

Ratings could be downgraded if the company's liquidity erodes, or
if increased competition in its market led to sales declines or
meaningfully lower operating margins. Quantitatively, ratings could
be downgraded if debt/EBITDA is sustained above seven times.

Headquartered in Carlsbad, CA, Zest Dental Solutions is a global
developer, manufacturer and distributor of medical devices used in
restorative dental procedures. After closing, Zest will be owned by
private equity sponsor BC Partners.

The principal methodology used in these ratings was Medical Product
and Device Industry published in June 2017.


JOHN JOHNSON III: RFF Must Pay $522K for Automatic Stay Violation
-----------------------------------------------------------------
Judge John E. Hoffman, Jr., of the U.S. Bankruptcy Court for the
Southern District of Ohio entered an order awarding Debtor John
Joseph Louis Johnson, III, actual and punitive damages for RFF
Family Patnership, LP's violation of the automatic stay.

The Court previously held that RFF Family Partnership, LP willfully
violated the automatic stay imposed by section 362(a)(3) of the
Bankruptcy Code in the Chapter 11 case of John Joseph Louis
Johnson, III. In particular, RFF circumvented the Court in order to
procure an arbitration award containing findings to the effect that
it had a perfected security interest in the Debtor's salary
payments under his NHL player contract and findings designed to
defeat his claims against RFF. Undeterred by the Debtor's demand
that it cease and desist from this course of conduct, RFF then
sought a state court order confirming the Arbitration Award and a
judgment in its favor. Because RFF obtained the Arbitration Award
and the State Court Judgment with full knowledge of the Debtor's
bankruptcy case, its conduct was "willful" for purposes of section
362(k)(1) of the Bankruptcy Code. And because section 362(k)(1)
mandates the recovery of reasonable attorneys' fees and expenses
incurred as the result of willful violations of the stay, after
Johnson I was issued the Court held a damages hearing in part to
determine the amount of fees and expenses the Debtor is entitled to
recover. The evidence presented during the hearing established the
reasonableness of attorneys' fees and expenses in the amount of
$422,373.16. Although this is certainly a very large sum, the
substantial amount of fees and expenses the Debtor incurred is the
result not only of RFF's violation of the stay, but also of its
unnecessarily contentious approach to this litigation and its
unreasonable rejection of a compromise proposed by the Debtor--a
settlement under which RFF would have paid nothing.

During the damages hearing, the Court also heard evidence on the
issues of whether it would be appropriate for the Debtor to recover
punitive damages and, if so, in what amount. Section 362(k)(1)
provides for the recovery of punitive damages in "appropriate
circumstances," including cases in which a creditor intentionally
violated the automatic stay. The evidence leaves no doubt that RFF
did indeed intentionally violate the stay and that an award of
punitive damages is warranted in this case.

The Debtor would not have incurred attorneys' fees and expenses in
the amount of $422,373.16 but for RFF's violation of the automatic
stay, and this amount of fees and expenses is reasonable. Further,
punitive damages in the amount of $100,000 are warranted under the
circumstances of this case. The Court accordingly enters final
judgment (a) holding that RFF willfully and intentionally violated
the automatic stay and (b) awarding the Debtor attorneys' fees and
expenses in the amount of $422,373.16, plus punitive damages in the
amount of $100,000.

A full-text copy of Judge Hoffman's Opinion and Order dated Feb.
15, 2018 is available at:

     http://bankrupt.com/misc/ohsb2-14-57104-956.pdf

                   About John Johnson, III

John Joseph Louis Johnson, III, also known as Jack Johnson, a
Columbus Blue Jackets hockey player, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ohio Case No.
14-57104) on Oct. 7, 2014.  The case is assigned to Judge John E.
Hoffman, Jr.

On Nov. 23, 2016, the Court confirmed the Debtor's Third Amended
Plan of Reorganization dated as of Aug. 29, 2016.  Pursuant to the
terms of the Confirmation Order, the Johnson Creditor Trust was
established and Myron N. Terlecky was appointed the Creditor
Trustee.


JOHN Q. HAMMONS: Court Denies Approval of Disclosure Statement
--------------------------------------------------------------
Judge Robert D. Berger of the U.S. Bankruptcy Court for the
District of Kansas has entered an order denying approval of the
disclosure statement relating to the joint and consolidated chapter
11 plans of reorganization for John Q. Hammons Fall 2006, LLC and
affiliates.

Starting in 2012, the Trust and other (but not all) Debtors were
involved in Delaware state court litigation with creditor JD
Holdings, L.L.C., regarding a right-of-first-refusal agreement
("ROFR") between those parties. The Delaware litigation was pending
for almost four years before the bankruptcy cases were filed. To
avoid the substantial risk that the Delaware court would order
specific performance under the ROFR (which Debtors considered
onerous), Debtors filed for bankruptcy in 2016.

The Debtors' initial strategy in these bankruptcy cases was to
reject the ROFR and, having achieved this goal, to engage in an
orderly sale of their hotel portfolio to satisfy all claims in full
(including the ROFR-rejection damages allowed to JD Holdings).
However, while this case is populated by competent lawyers in all
quarters, bankruptcy cannot cure all that ails Debtors, and
Debtors' competent strategy of an orderly sale of assets simply has
not come to fruition.

Certain parties have already attempted mediation, albeit not to
resolution. Perhaps management is recalcitrant and unyielding to
the logic that demands a difficult, but nevertheless successful,
agreement. For this reason, by separate order, the Court will
direct that Debtors, JD Holdings, and creditor SFI Belmont, LLC,
return to mediation, with the caution that Debtors owe a fiduciary
duty to the entire creditor body and that after more than 18 months
of bankruptcy proceedings, new management may be demanded at some
point.

The Court rejects Debtors' contention that no claims are unimpaired
under the Plan. JD Holdings, SFI Belmont, and the CMBS Lenders
pointed out so many ways in which their claims are impaired under
the Plan.

The Plan proposes to pay all allowed claims in full on the
Effective Date. The Effective Date, however, is not the Plan's
confirmation date or even a reasonable time thereafter. Rather, the
Effective Date is 270 days from the time when both (1) JD Holdings'
appeals are concluded and (2) Debtors possess sufficient funds from
operations, sales, and refinancing to pay all allowed claims in
full. Under the Plan, the Effective Date may occur as late as five
years after confirmation.

SFI Belmont and two of the CMBS Lenders have secured claims arising
out of unmatured loans. SFI Belmont's loan (the Atrium Loan)
matures on March 15, 2021. As to the two CMBS Lenders, the Chateau
Lake Loan matures on January 1, 2025, and the Goldman Portfolio
Loan matures on September 6, 2025.

The Court explains that in order to leave these claims unimpaired
under section 1124, the Plan would have to leave the respective
creditors' contractual rights unaltered by reinstating the original
maturity dates of the loans. By providing that those claims will be
paid not on the original maturity dates, but instead on the
Effective Date, the Plan alters the contractual rights to which the
holders of those claims are entitled.

As a result, the Court holds that the Plan impairs those claims
under section 1124. As to the claims held by JD Holdings and the
three CMBS Lenders whose loans have already matured, the Court
declines to allow Debtors to inappropriately manipulate the
Effective Date by potentially extending it five years
post-confirmation. This massive delay materially impairs those
claims.

The Court finds that the Disclosure Statement does not contain
adequate information, and as such, the Court declines to approve
it. The foundation of the Plan is the value of Debtors' assets,
which determines the funds available to satisfy (among other
things) JD Holdings' unsecured claims. According to Appendix 4 to
the Disclosure Statement, approximately $571 million will be
available to satisfy (among other things) JD Holdings' claims,
which largely overlap: one $587 million claim for pre-petition
damages and one $565 million claim for rejection of the ROFR.

Appendix 4 to Debtors' Disclosure Statement lists the "as improved"
values for each of Debtors' 35 hotels, but nowhere deducts the cost
of the capital improvements necessary to reach those values. As a
result, Appendix 4 overstates Debtors' Net Hotel Value by as much
as $240 million (the total cost of the capital improvements). As
SFI Belmont pointed out at oral argument -- if Debtors plan to sell
non-hotel assets to fund the capital improvements, Debtors'
Appendix 4 double-counts the value (approximately $240 million) of
those improvements by incorporating it into both the Net Hotel
Value and the Net Value of Trust's Non-Hotel Land.

The Debtors' omission of capital improvement costs and TS
Worldwide, LLC d/b/a HVS' use of overly-optimistic financial
projections are not opinions subject to disagreement -- they are
facts that render the Disclosure Statement materially misleading,
and therefore inadequate. No "hypothetical investor" could ever
make an "informed decision" based on such information, particularly
where just two such inaccuracies reduce the funds available to
satisfy JD Holdings' claims from the $571 million listed in
Appendix 4 to as little as $131 million. Thus, contrary to Debtors'
argument, the Court finds that valuation is an issue for disclosure
(in addition to confirmation) in this case.

               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.

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


KC7 RANCH: Has Approval on Agreed Interim Use of Cash Collateral
----------------------------------------------------------------
Judge Mark X. Mullin of the U.S. Bankruptcy Court for the Northern
District of Texas has entered, at the behest of KC7 Ranch, Ltd.,
and its debtor affiliates, an Interim Order granting the agreed use
of the cash collateral of Hitachi Infrastructure Systems (America),
LLC on an interim basis.

The Debtors sought immediate access to cash collateral to fund
operating expenses, payroll, and other general corporate purposes
arising in the Debtors' ordinary course of business, as necessary
for the orderly maintenance and operation of the Debtors' assets
and business, and other costs relating to the administration of
these Chapter 11 bankruptcy cases, as such expenditures are
required to avoid immediate and irreparable harm to and preserve
the Debtors' estates and their assets, pending a Final Hearing.

Hitachi consents to the use of cash collateral. Accordingly, as
adequate protection, Hitachi is granted post-petition, replacement
liens in its same pre-petition collateral (as described in any and
all pertinent, pre-petition loan agreements and perfection
documents) to the full extent of any diminution in value of such
collateral resulting from the use of such cash collateral pursuant
to section 361(2) of the Bankruptcy Code. Such adequate protection
and postpetition replacement liens will be enforceable to the same
extent as Hitachi's prepetition liens.

If and to the extent that Hitachi's prepetition collateral and the
adequate protection provided in the Interim Order are insufficient
to protect Hitachi's allowed security interests from diminution
resulting from the Debtor's use of cash collateral or from a
diminution in value of the prepetition collateral, then Hitachi
will have a priority administrative expense claim in these
bankruptcy cases in the amount of, and only to the extent of, such
shortfall in the diminution in value (as determined by the Court),
and such administrative expense claim will have priority under 11
U.S.C. Section 507(b) over all administrative expenses incurred in
the Chapter 11 proceeding of the kind specified in 11 U.S.C.
Section 503(b).

Hitachi, however, does not yet consent to the annual grass lease
payment listed on the Initial cash collateral Budget relating to
Grazing Lease No. 8634, wherein KC7 Ranch, Ltd. is lessee and Texas
Pacific Land Trust is lessor. Accordingly, in the interim, this
item will not be paid absent further written agreement, written
consent by Hitachi, or order of the Court.

A full-text copy of the Interim Order is available at:

            http://bankrupt.com/misc/txnb17-45166-65.pdf

Counsel to Hitachi Infrastructure Systems (America), LLC:

             Michael D. Warner, Esq.
             Benjamin L. Wallen, Esq.
             COLE SCHOTZ P.C.
             301 Commerce Street, Suite 1700
             Fort Worth, TX 76102
             Telephone: (817) 810-5250
             Facsimile: (817) 810-5255
             E-mail: mwarner@coleschotz.com
                     bwallen@coleschotz.com

                        About KC7 Ranch

Based in Fort Worth, Texas, KC7 Ranch, Ltd., is a privately held
company that owns a real property asset known as the "KC7 Ranch".

KC7 Ranch filed for Chapter 11 bankruptcy protection (Bankr. N.D
Tex. Case No. 17-45166) on Dec. 28, 2017.  In the petition signed
by its president Thomas F. Darden, the Debtor estimated assets
between $50 million and $100 million, and liabilities between $10
million and $50 million.  Carrington, Coleman, Sloman & Blumenthal,
L.L.P., serves as counsel to the Debtor.


KRATON CORP: S&P Raises CCR to 'B+' & Rates New 1st-Lien Loan 'BB'
------------------------------------------------------------------
S&P Global Ratings anticipates that operating performance at Kraton
Corp. and Kraton Polymers LLC in 2018 will at least be on par with
the strong operating performance in 2017, resulting in stronger
credit metrics than it anticipated.

S&P Global Ratings raised its corporate credit rating on Kraton
Corp (Kraton) and Kraton Polymers LLC to 'B+' from 'B'. The rating
outlook is stable.

S&P said, "At the same time, we assigned our 'BB' issue-level
ratings and '1' recovery rating (90%-100%; rounded estimate 95%) to
the company's proposed first-lien $335 million term loan issued by
Kraton Polymers LLC, and the proposed EUR285 million first-lien
term loan issued by Kraton Polymers Holdings B.V. The proceeds will
be used to repay the company's existing $520 million and EUR260
million first lien term loans.

"We also raised our issue-level rating to 'BB' from 'BB-' on the
company's existing $520 million first-lien term loan issued by
Kraton Polymers LLC and the EUR260 million first lien term loan
issued by Kraton Polymers Holdings BV. The recovery rating remains
'1', indicating our expectations for very high recovery (90%-95%;
rounded estimate: 95%) in the event of payment default.

"In addition, we raised our issue-level rating on the company's
existing $440 million and $400 million senior unsecured notes to
'B+' from 'B-' and revised the recovery rating to '4' from '5'. The
'4' recovery rating indicates our expectation for average recovery
(30%-50%; rounded estimate: 30%) in the event of a payment
default.

"We expect to withdraw the issue-level ratings on the company's
existing $520 million and EUR260 million term loans when the
company fully repays them.

"The upgrade reflects our anticipation that operating performance
in 2018 will at least be on par with the strong 2017 operating
performance. Current operating performance has strengthened Kraton
credit metrics beyond what we had anticipated. Our analysis
reflects our belief that the company's financial policy will
support credit metrics appropriate for the current rating,
including an FFO to total adjusted debt ratio between 12% and 20%.
We previously expected this ratio to be at or below 12%. This
improvement mainly reflects EBITDA margins slightly above our prior
expectations due to a shift to higher margin products. In addition,
Kraton was able, with a moderate lag, to recover raw material price
increases from earlier in 2017 and reduce selling, general, and
administrative (SG&A) expenses below our prior expectations because
of cost saving initiatives."

Outlook

S&P said, "The stable outlook reflects S&P Global Ratings'
expectation that Kraton Corp.'s FFO to debt will remain between 12%
and 20% for the next 12 months. Our expectations is Kraton is able
to maintain flat EBITDA margins and volume growth in line with GDP.
Our EBITDA expectations reflects our view that Kraton is able to
pass on raw material price increases, such as those for butadiene
in the first half of 2017, with a moderate lag. We have not
incorporated any large debt-funded acquisitions or shareholder
rewards in our base case.

"We could lower the ratings within the next 12 months if a weaker
operating environment leads to a 300 basis point (bps) decline in
EBITDA margins from our base case and resulted in FFO/Debt dropping
below 12% for a sustained period. This would likely happen because
raw material prices rise rapidly and the company was unable to pass
on the costs in timely manner. We could also lower the ratings if,
against our expectations, the company were to undertake more
aggressive financial policies such as a large debt-funded
acquisition or shareholder rewards, which resulted in deteriorating
credit measures.

"We could raise the ratings within the next 12 months if FFO to
debt approached 20%. In such a scenario, we would expect both
EBITDA margins and revenue growth over 300 bps from our
expectations. We would expect this to happen because the chemical
segment improved from less pricing pressure on products such as
TOFA and adhesives. We could also raise the rating if our
assessment of the company's business risk changed such that we
believed Kraton could maintain EBITDA margins around 20% through
rising raw material costs, its proportion of specialty business
increased meaningfully, or the company's products shifted to less
cyclical end markets. Before considering an upgrade, we would need
to gain clarity that the company's financial policies and growth
initiatives would support maintaining these credit measures."


KRATON POLYMERS: Moody's Assigns Ba3 Ratings to Secured Loans
-------------------------------------------------------------
Moody's Investors Service has assigned Ba3 ratings to the amended
USD first lien senior secured term loan and EUR first lien senior
secured term loan issued by Kraton Polymers LLC and Kraton Polymers
Holdings B.V., respectively and guaranteed by Kraton Corporation.

As announced on February 22, the company plans to amend its
existing first lien term loans to 1) reprice the existing term
loans, 2) extend their maturity by three years to March 2025, and
3) increase borrowings under the Euro denominated tranche of the
Term Loan Facility by approximately $100 to $200 million and use
those funds to reduce the size of the dollar denominated tranche.

The ratings are subject to the transaction closing as proposed and
receipt and review of the final documentation.

Kraton Corporation's B1 Corporate Family Rating, SGL-2 rating,
B1-PD Probability of Default rating, and all other instrument
ratings remain unchanged. The ratings outlook is stable.

Ratings Assigned:

Kraton Polymers LLC

USD Gtd Sr. Sec. 1st Lien Term Loan due 2025 -- Ba3 (LGD3)

Kraton Polymers Holdings B.V. (Linked to Kraton Polymers LLC)

EUR Gtd Sr. Sec. 1st Lien Term Loan due 2025 -- Ba3 (LGD3)

RATINGS RATIONALE

Kraton's proposed amendments to its existing EURO and USD term
loans will be net debt neutral and will reduce interest expense.
Also the increased financing in Euros will bring its debt more in
line with the proportion of its profit generated by its business
operations in Europe.

Despite additional guarantees and security, the EUR term loan is
rated the same as the USD term loan, given the intercreditor
agreement with a collateral allocation mechanism that
proportionally allocates collateral between EUR and USD term loans
and equalizes the recovery for both creditors.

Kraton's B1 Corporate Family Rating is currently well positioned
given its improved debt leverage of 4.7x in 2017, versus 5.7x in
2016 when it completed the acquisition of Arizona Chemical Holdings
Corporation. The company achieved substantially higher earnings and
free cash flow generation after realizing price increases and cost
savings in 2017.

Kraton's credit profile is supported by its leading market
positions in high-margin HSBC and Cariflex products, its
diversification in non-hydrocarbon (CTO/CST) based products with
advantaged feedstock position, as well as diverse end-markets and
customers. Credit challenges include its performance volatility due
to large movements in raw material prices, small risk of product
substitution, as well as continued business restructuring to
improve its competitiveness and the execution risk in ramping up
its production at its joint venture with Formosa.

The stable outlook reflects Moody's expectation that Kraton will
continue to generate free cash flow in the next 12-18 months and
maintain conservative financial policies.

The rating could be upgraded once leverage is sustainably below
4.5x. The rating could be downgraded if EBITDA margins deteriorate,
leverage exceeds 6.0x or there is a lack of free cash flow
generation.

The principal methodology used in these ratings was Chemical
Industry published in January 2018.

Kraton Corporation, headquartered in Houston, Texas, is a major
global producer of styrenic block copolymers (SBCs), which are
synthetic elastomers used in industrial and consumer applications.
In early 2016, through its acquisition of Arizona Chemical Holdings
Corporation, Kraton added capabilities in the production and sales
of pine based specialty chemicals. The company generated revenues
of $1.96 billion in 2017.


KUAKINI HEALTH: S&P Cuts 2002 Series A Revenue Bonds Rating to 'B'
------------------------------------------------------------------
S&P Global Ratings lowered its long-term rating to 'B' from 'B+' on
the Hawaii State Department of Budget & Finance's 2002 series A
special purpose revenue bonds, issued for the Kuakini Health System
(Kuakini). The outlook is negative.

"The lowered rating reflects our view of Kuakini's persistent
operating losses with weak debt service coverage well under 1.0x,
weak payor mix, a competitive environment, declining utilization
trends, and dependence on a narrow group of physicians," said S&P
Global Ratings credit analyst Melanie Her. "The negative outlook
reflects our view of Kuakini's fiscal 2017 operating performance,
which did not meet budget expectations, coupled with continued
operating losses expected in management's 2018 budget," Ms. Her
added.

Kuakini is located on Oahu, Hawaii, and defines its service area as
Honolulu County, which is a favorable service area in that it is
sizable, with nearly 1 million people.


LAYNE CHRISTENSEN: Cetus Capital III Has 8.7% Stake as of Feb. 15
-----------------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, these entities reported beneficial ownership of shares
of common stock of Layne Christensen Company as of Feb. 15, 2018:

                                          Shares      Percentage
                                       Beneficially       of
  Reporting Persons                        Owned        Shares
  -----------------                    ------------   ----------
Cetus Capital II, LLC                    269,759         1.3%
Cetus Capital III, L.P.                 1,820,617        8.7%
Littlejohn Opportunities Master Fund LP  595,627         3.0%
VSS Fund, L.P.                           504,800         2.5%
OFM II, L.P.                             298,757         1.5%

The percentages are based on 19,917,043 shares of Common Stock
outstanding as of Feb. 13, 2018, as reported in Section 4.04(a)(i)
of the Merger Agreement, plus the 65,000 shares of the Issuer's
common stock underlying the stock options.

Cetus III, Cetus II, LJOMF, VSS and OFM are private investment
vehicles engaged in investing in debt and equity instruments.  LJF
IV is principally engaged in the business of investing and managing
private equity investments.  The principal business of LJA V is to
act as the general partner of Cetus III.  The principal business of
LJA IV is to act as the general partner of LJF IV.  The principal
business of LJOGP is to act as the general partner of LJOMF and
VSS.  The principal business of LJOGP II is to act as the general
partner of OFM.

On Feb. 15, 2018, following Layne Christensen's Feb. 14, 2018
announcement of its execution of the Merger Agreement, certain of
the Reporting Persons engaged in discussions with management of the
Issuer.  In the future certain of the Reporting Persons may engage
in discussions with members of the Board of Directors of the Issuer
and other parties, or further discussions with management of the
Issuer, regarding the business of the Issuer.  

As of Feb. 22, 2018, as a result of the ownership limit, the
Reporting Persons are the beneficial owners of 9.9% of the Issuer's
outstanding shares of common stock.  Each of Cetus III and LJA V
has the sole power to vote and sole power to dispose of 1,820,617
Shares.  Each of Cetus II, LJF IV, and LJM has the sole power to
vote and sole power to dispose of 269,759 Shares.  LJOMF has the
sole power to vote and sole power to dispose of 595,627 Shares.
LJOGP has the sole power to vote and sole power to dispose of
1,100,427 Shares.  VSS has the sole power to vote and sole power to
dispose of 504,800 Shares.  Each of OFM and LJOGP II has the sole
power to vote and sole power to dispose of 298,757 Shares.  

As of Feb. 15, 2018, the Reporting Persons had sold listed
American-style call options referencing an aggregate of 100,000
Shares for aggregate consideration of $19,291.  The call options'
expiration date is June 15, 2018 and the strike price is $22.50 per
Share.

As of Feb. 15, 2018, the Reporting Persons had purchased listed
American-style call options referencing an aggregate of 100,000
Shares for aggregate consideration of $93,297.  The call options'
expiration date is June 15, 2018 and the strike price is $17.50 per
Share.

As of Feb. 15, 2018, the Reporting Persons had purchased listed
American-style call options referencing an aggregate of 75,000
Shares for aggregate consideration of $95,278.  The call options'
expiration date is Nov. 16, 2018 and the strike price is $15.00 per
Share.

As of Feb. 15, 2018, the Reporting Persons had purchased listed
American-style call options referencing an aggregate of 75,000
Shares for aggregate consideration of $84,028.  The call options'
expiration date is Sept. 21, 2018 and the strike price is $15.00
per Share.

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

                      https://is.gd/q8CxqX

                  About Layne Christensen Co.

Layne Christensen Company -- http://www.layne.com/-- is a global
water management and services company, with more than 130 years of
industry experience, providing solutions to address the world's
water, minerals and infrastructure challenges.  The Company's
customers include government agencies, investor-owned utilities,
industrial companies, global mining companies, consulting
engineering firms, heavy civil construction contractors, oil and
gas companies, power companies and agribusiness.  Layne Christensen
operates on a geographically dispersed basis, with approximately 72
sales and operations offices located throughout North America,
South America, and through our affiliates in Latin America.  Layne
maintains executive offices at 1800 Hughes Landing Boulevard, Suite
800, The Woodlands, Texas 77380.

Layne Christensen reported a net loss of $52.23 million for the
year ended Jan. 31, 2017, a net loss of $44.80 million for the year
ended Jan. 31, 2016, and a net loss of $109.32 million for the year
ended Jan. 31, 2015.

As of Oct. 31, 2017, Layne Christensen had $389.47 million in total
assets, $335.43 million in total liabilities and $54.03 million in
total equity.

"With respect to our 4.25% Convertible Notes, we have retained
advisors to assist us in evaluating alternatives and raising
capital to refinance or extend our debt to a date beyond October
15, 2019, and eliminate the accelerating maturity provisions of the
8.0% Convertible Notes.  We believe the refinance or extension of
our debt is likely based on current on-going discussions with
existing and new potential lenders, our improving financial
performance and credit quality, and the fact that our stock price
is above the $11.70 conversion price for the 8% Convertible Notes.
Although we believe these refinancing options are viable and
likely, because our plans to refinance or restructure our debt have
not been finalized, and therefore are not in our control (in part,
due to the fact that neither of our Convertible Notes can be
prepaid or have redemption provisions prior to February 2018),
these plans are not considered probable under the new standard.
Consequently, per the standard, these conditions, in the aggregate,
raise substantial doubt about our ability to continue as a going
concern within one year after the date these financial statements
are filed," said the Company in its quarterly report for the period
ended Oct. 31, 2017.


LEADVILLE CORPORATION: M. S. Peters Named as Chapter 11 Trustee
---------------------------------------------------------------
The United States Trustee seeks approval from the U.S. Bankruptcy
Court for the District of Colorado of the appointment of M. Stephen
Peters as Chapter 11 Trustee in the bankruptcy case of Leadville
Corporation.

By order entered Feb. 7, 2018, the Court ordered the U.S. Trustee
to appoint an individual to serve as a chapter 11 trustee in this
case.

                  About Leadville Corporation

Headquartered in Aurora, Colorado, Leadville Corporation was
organized in 1945 to acquire, explore and develop mining
properties, primarily in Lake and Park Counties, Colorado.

The petitioning creditors, La Plata Mountain Resources, Inc., Salem
Minerals, Inc., and Black Horse Capital, Inc., filed an involuntary
petition against Leadville Corporation (Bankr. D. Colo. Case No.
17-21646) on Dec. 27, 2017.  The case is assigned to Judge Michael
E. Romero.

Leadville Corporation is indebted to the Petitioning Creditors as
follows: (a) $7,501,738 to La Plata Mountain Resources, Inc., based
upon judgments it holds against the Debtor; (b) $14,766 to Black
Horse Capital, Inc. based upon tax liens it holds against the
Debtor; and (c) $17,311 to Salem Minerals, Inc., based upon tax
liens it holds against the Debtor.

The Petitioning Creditors are represented by Kenneth J. Buechler,
Esq. at Buechler & Garber, LLC.


LEGACY RESERVES: Posts $72.8 Million Net Loss in 2017
-----------------------------------------------------
Legacy Reserves LP filed with the Securities and Exchange
Commission its annual report on Form 10-K reporting a net loss
attributable to unitholders of $72.89 million on $436.30 million of
total revenues for the year ended Dec. 31, 2017, compared to a net
loss attributable to unitholders of $74.82 million on $314.35
million of total revenues for the year ended Dec. 31, 2016.

For the three months ended Dec. 31, 2017, Legacy Reserves reported
a net loss attributable to unitholders of $30.07 million on $137.09
million of total revenues compared to a net loss attributable to
unitholders of $110.12 million on $91.59 million of total revenues
for the same period a year ago.

As of Dec. 31, 2017, Legacy Reserves had $1.49 billion in total
assets, $1.76 billion in total liabilities and a total partners'
deficit of $271.7 million.

Paul T. Horne, chairman of the Board, president and chief executive
officer, commented, "We are excited about the progress we made in
2017 toward transitioning to a growth-oriented development company
with an improved balance sheet.  The Acceleration Payment, bond
repurchase, expanded second lien commitments, continued efficient
Permian horizontal development and prudent PDP management were
instrumental in charting this path.  While we are extremely proud
of these cornerstone 2017 achievements, significant strides remain
for us to fully realize our goals.  As such, we continue to
evaluate and opportunistically pursue alternatives that will
enhance equity value."

Dan Westcott, executive vice president and chief financial officer,
commented, "2017 was an incredibly active year as we positioned
Legacy for meaningful oil production growth that compressed
leverage metrics and will drive equity value.  We also reduced
leverage by capturing discount in our bonds which allowed us to
gain meaningful voting power in our senior notes. Undoubtedly, our
operations team was the driving force in delivering our
record-beating results through their continued capital-efficient
horizontal development of our Permian resources and economic
operation of our large PDP base.  Focus on both of these arenas
provided the foundation for our guidance-beating production of
49,185 Boe/d in Q4 and Adjusted EBITDA of $226.2 million in 2017
and is critical to the ongoing success of Legacy."

"While in 2016 we aimed to reduce debt outstanding, we shifted in
2017 to improve our overall credit metrics.  These efforts
decreased our year-over-year pro forma Total Debt / EBITDA by 2.1x.
For 2018, our new financial guidance suggests Adjusted EBITDA of
$330 million, a 46% increase compared to 2017.  This tremendous
growth hinges on our commitment to operational excellence which
should continue to compress our leverage metrics as we evaluate and
opportunistically pursue alternatives to change our legal and tax
status, materially reduce our outstanding debt, extend our debt
maturities, and otherwise position the company for long-term
growth.  We have a big year ahead of us and are excited for the
opportunity to grow equity value through these efforts."

               Dan Westcott's Promotion to President

Effective March 1, 2018, Dan Westcott, Legacy's chief financial
officer will also assume the position of Legacy's president.
Effective March 1, 2018, Paul Horne has resigned his position as
president but will remain chairman and chief executive officer.

Mr. Horne commented, "Dan has done an outstanding job helping the
company navigate the challenging landscape we have faced over the
past three years.  His focus and diligence on improving our
financial condition and balance sheet are evident in our results.
We are very excited about the future of Legacy and the critical
role he has played and will play in that future.  Dan's promotion
to President acknowledges both and is well deserved."

                    Schedules K-1 Available

Legacy also announced that it has completed the 2017 tax packages
for unitholders of LGCY, LGCYP and LGCYO including Schedules K-1.
Schedules K-1 for LGCYP and LGCYO each reflect $0.166667 of income
for each month such security was owned in 2017 ($2.00 in total
assuming a full year of ownership) irrespective of the fact that
(i) no 2017 distributions were paid and (ii) the Partnership
generated a net loss in 2017.  Each holder of LGCY, LGCYO and LGCYP
is encouraged to consult with its tax advisor with respect to the
Schedule K-1 information and individual tax circumstances.

The tax packages are currently available online and may be accessed
via Legacy's website at www.LegacyLP.com by clicking on the "Tax
Information" link on the website.  Legacy will begin mailing the
Schedules K-1 to unitholders on Friday, Feb. 23, 2018. For
additional information, unitholders may also contact Legacy's K-1
Partner Data Link call center toll free at (877) 504-5606 between
8:00 a.m. and 5:00 p.m. CST Monday through Friday.

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

                       https://is.gd/EBPaSa

                        About Freedom Leaf

                     About Legacy Reserves LP

Legacy Reserves LP -- http://www.LegacyLP.com/-- is a master
limited partnership headquartered in Midland, Texas, focused on the
development of oil and natural gas properties primarily located in
the Permian Basin, East Texas, Rocky Mountain and Mid-Continent
regions of the United States.


LEI TRANSPORTATION: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of LEI Transportation, Inc. as of
Feb. 21, according to a court docket.

                   About LEI Transportation

Based in Tucker, GA, LEI Transportation, Inc. --
http://www.leitransportation.com/-- is a full-service freight
shipping company with the assets, experience and logistics to
handle freight shipments of any size.  

LEI Transportation filed a Chapter 11 petition (Bankr. N.D. Ga.
Case No. 18-50786) on Jan. 17, 2018.  In its petition signed by CEO
Michael D. Walling, the Debtor estimated $50,000 to $100,000 in
assets and $1 million to $10 million in liabilities.  Paul Reece
Marr, Esq., at Paul Reece Marr, P.C., serves as bankruptcy counsel
to the Debtor.


LIL ROCK: Seeks July 6 Exclusive Plan Filing Period Extension
-------------------------------------------------------------
Lil Rock Electrical Construction, Inc., asks the U.S. Bankruptcy
Court for the Southern District of Illinois to extend exclusive
period for filing plan through July 6, 2018 and exclusive period
for obtaining acceptance of plan through August 20, 2018.

Absent the requested extension, the Debtor's exclusive period for
obtaining acceptances of its plan will expire on April 24, 2018
pursuant to 11 U.S.C. Section 1129(e).

The Debtor does not anticipate that it will require up to and
including July 6, 2018, by which to file its Plan (certainly, the
Debtor will file its Plan as soon as is feasible), however, the
Debtor desires to make only one request to the Court to save
judicial economy.

The Debtor relates that it has already obtained approval to retain
Joshua Richardson of McMahon Berger as its Special Labor Counsel.
Since the Petition Date, Special Labor Counsel has provided
Debtor's payroll records and other financial information to the
unions and related funds involved in this matter. Further, Special
Labor Counsel is in the process of making its first proposal to the
unions involved in this case as is required under Section 1113 as a
predicate to filing a Motion to Reject Collective Bargaining
Agreements. These negotiations determine the path that the Debtor
will take in its reorganization efforts.

                     About Lil Rock Electrical

Lil Rock Electrical Construction, Inc., is a full-service
electrical contractor in Carlyle, Illinois, equipped to complete
commercial, residential, and industrial electrical work,
excavating, and directional boring.

Lil Rock Electrical Construction sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Ill. Case No. 17-31376) on
Sept. 11, 2017.  In the petition signed by Myranda Weber, its
restructuring officer, the Debtor disclosed $1.21 million in assets
and $1.17 million in liabilities.

Judge Laura K. Grandy presides over the case.

Spencer P. Desai, Esq., at Carmody MacDonald P.C., is the Debtor's
bankruptcy counsel.  McMahon Berger, P.C., is the special counsel.

No trustee, examiner or official committee of creditors or equity
interest holders has been appointed.


LOMBARD PUBLIC: Exclusive Plan Filing Period Moved to April 24
--------------------------------------------------------------
The Hon. Jacqueline Cox of the U.S. Bankruptcy Court for the
Northern District of Illinois has extended, at the behest of
Lombard Public Facilities Corporation, the exclusive period of time
within which only the Debtor may file a Chapter 11 plan and
disclosure statement through and including April 24, 2018,
including the time within which to have a Chapter 11 plan accepted
by any class of claims or interests impaired thereunder, through
and including June 23, 2018.

The Troubled Company Reporter has previously reported that the
Debtor sought an extension of the exclusivity periods out of
abundance of caution and to maintain the Exclusive Periods in place
until the Plan Confirmation process can be completed since the
current Confirmation hearing is not scheduled until March 6, 2018,
and the current Plan Proposal Period will expire on February 24,
2018.

Prior to the Petition Date, the Debtor had been engaged in lengthy
and complex negotiations with ACA Financial Guaranty Corporation
("Bond Insurer"), and certain bondholders holding a substantial
majority of the outstanding debt, the Village of Lombard, and the
managers of the Hotel and Restaurants which culminated in a
consensual restructuring constituting the foundation for the
Debtor's Plan.  The Consensual Restructuring is memorialized in
three Restructuring Support Agreements dated in July 2017 by and
among the Debtor and the Plan Support Parties.  Each of the Plan
RSAs were assumed by the Debtor under Section 365 of the Code
pursuant to orders of the Court entered on Aug. 25, 2017.

At the onset of the Chapter 11 Case, the Office of the U.S. Trustee
and Lord Abbett Municipal Income Fund, Inc. - Lord Abbett High
Yield Municipal Bond Fund, a holder of certain outstanding Series
A-1 Bonds ("Lord Abbett"), each filed a motion to dismiss the
Chapter 11 Case contending that the Debtor is ineligible to be a
Chapter 11 debtor under the Code. Mid-America Hotel Partners,
L.L.C. and Subordinated Securities, L.L.C. (collectively, the
"Asset Manager") subsequently filed a joinder to the Motions to
Dismiss.  In November 2017, an evidentiary hearing on the Motions
to Dismiss was conducted and concluded.

Since the entry of the First Exclusivity Order on Dec. 5th, evince
that the Debtor has continued to diligently pursue a successful end
to the Chapter 11 Case and that there is cause to extend the
Exclusive Periods for another short extension.  The approval of the
Initial Disclosure Statement was delayed (from Nov. 30th until Dec.
20th) while awaiting the issuance of the Eligibility Ruling and
thereafter responses to the Debtor's Disclosure Statement Approval
Motion.

Pursuant to the Plan RSAs, on Nov. 3, 2017, the Debtor filed that
certain Plan of Reorganization and Disclosure Statement, which was
set for initial presentation on December 5, 2017.

No creditors filed any objections to the Plan by the Plan
Voting/Objection Deadline, and based on a preliminary review of the
ballots received by the Plan Voting/Objection Deadline, all classes
of claims entitled to vote on the Plan have overwhelmingly voted to
accept the Plan. Although there was one objection filed to the Plan
by the U.S. Trustee concerning language utilized in certain Plan
releases.

Upon receipt of the U.S. Trustee's objections to the initial
Disclosure Statement, the Debtor and the Plan Support Parties
promptly resolved the same and the Disclosure Statement Approval
Order was entered, which set the Confirmation hearing for two
months later on March 6, 2018 in anticipation of objections and
discovery coming from Lord Abbett and the Asset Manager -- the only
two creditors other than the Plan Support Parties who have appeared
in this Chapter 11 Case.

However, since the entry of the Disclosure Statement Approval Order
on January 3, 2018: (a) the Debtor and the Plan Support Parties
successfully negotiated and resolved their disputes with the Assert
Manager, which settlement is the subject of a pending motion; and
(b) Lord Abbett's claims were purchased by one of the Plan Support
Parties.

As a result, and assuming the settlement with the Asset Manager is
approved, the Plan Support Parties, along with the Asset Manager,
hold or control more than 90% of the claims in this Chapter 11 Case
and all support the Plan. And with all classes under the Plan
overwhelmingly voting for the Plan, and only the U.S. Trustee's
objection left to resolve, the Debtor anticipated a smooth path to
Confirmation.

             About Lombard Public Facilities Corp.

Lombard Public Facilities Corporation was established in 2003 by
the affluent Lombard Village in Illinois, to finance the
construction of a hotel and convention center, and is the owner of
the hotel and convention center for as long as any bonds remain
outstanding. The hotel and convention center, which opened in 2007,
includes 500 guest rooms and 39,000 square feet of flexible meeting
space with two full-service restaurants. The Hotel is and has been
operated and managed under the Westin brand by Westin Hotel
Management, L.P.

Lombard Public Facilities Corporation sought Chapter 11 protection
(Bankr. N.D. Ill. Case No. 17-22517) on July 28, 2017, after
reaching deals to restructure $246.6 million in debt.

In the petition signed by Paul Powers, president, the Debtor
estimated assets of $10 million to $50 million and debt of $100
million to $500 million.

The Hon. Jacqueline P. Cox is the case judge.

The Debtor hired Adelman & Gettleman, Ltd., as bankruptcy counsel;
and Klein Thorpe & Jenkins, Ltd. and Taft Stettinius & Hollister,
LLP as special counsel.  Epiq Bankruptcy Solutions, LLC is the
noticing, claims, and/or solicitation agent.

The Debtor has long retained Klein, Thorpe, & Jenkins, Ltd. ("KTJ")
as its corporate counsel, and James D. Shanahan, now of the firm of
Taft, Stettinius & Hollander LLP ("TSH"), as its bond and tax
counsel.

EisnerAmper, which was engaged by the Debtor two years prior to the
Petition Date, is the financial advisor in the Chapter 11 case.


LONG BLOCKCHAIN: Appoints Shamyl Malik as New CEO
-------------------------------------------------
Long Blockchain appointed Shamyl Malik as chief executive officer
of the Company to replace Philip Thomas, effective Feb. 20, 2018.
Mr. Malik will now assume Mr. Thomas' duties as chief executive
officer.  Mr. Malik has served as a member of the Company's board
of directors since January 2018.

                  About Long Blockchain Corp.

Headquartered in Hicksville, New York, Long Blockchain Corp.,
formerly Long Island Iced Tea Corp., is focused on developing and
investing in globally scalable blockchain technology solutions.  It
is dedicated to becoming a significant participant in the evolution
of blockchain technology that creates long term value for its
shareholders and the global community by investing in and
developing businesses that are "on-chain".  Blockchain technology
is fundamentally changing the way people and businesses transact,
and the Company will strive to be at the forefront of this dynamic
industry, actively pursuing opportunities.  Its wholly-owned
subsidiary Long Island Brand Beverages, LLC, operates in the
non-alcohol ready-to-drink segment of the beverage industry under
its flagship brand 'The Original Long Island Brand Iced Tea'.

Long Island Iced Tea incurred a net loss of $10.44 million for the
year ended Dec. 31, 2016, following a net loss of $3.18 million for
the year ended Dec. 31, 2015.  As of Sept. 30, 2017, the Company
had $4.83 million in total assets, $4.21 million in total
liabilities and $622,151 in total stockholders' equity.

"Historically, the Company has financed its operations through the
raising of equity capital and through trade credit with its
vendors.  The Company's ability to continue its operations and to
pay its obligations when they become due is contingent upon the
Company obtaining additional financing.  Management's plans include
raising additional funds through equity offerings, debt financings,
or other means.

"The Company believes that it will be able to raise sufficient
additional capital to finance the Company's planned operating
activities.  There are no assurances that the Company will be able
to raise such capital on terms acceptable to the Company or at all.
If the Company is unable to obtain sufficient amounts of
additional capital, it may be required to reduce the scope of its
planned market development activities, and/or consider reductions
in personnel costs or other operating costs.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern," the Company stated in its quarterly report for
the period ended Sept. 30, 2017.


LONG BLOCKCHAIN: Cullen OKs Proposed Spin Off of Beverage Business
------------------------------------------------------------------
Long Blockchain Corp.'s Board of Directors has approved the
management's intentions to spin off Long Island Brand Beverages,
LLC, the Company's existing beverage business subsidiary.  The Spin
Off will allow the Company to focus exclusively on its move into
the blockchain technology industry.  Long Blockchain aims to
structure and complete the Spin Off during the second quarter of
2018, and aims to maintain a public listing for the spun off
company.

In connection with the foregoing, Cullen Inc. Holdings Ltd., Eric
J. Watson, William Gibson, Andrew Stranberg, and Justin Davis-Rice
entered into voting agreements with Long Blockchain pursuant to
which they agreed to vote the shares of Common Stock of the Issuer
owned by them, to the extent necessary, in favor of any action
necessary to effectuate the Spin Off.  Additionally, until the
earlier of (i) one year from the consummation of the Spin Off or
(ii) the date on which the shares of SpinCo become listed on a
national securities exchange, in the event any vote of stockholders
of SpinCo is necessary to effectuate any corporate action, the
Signing Stockholders agreed to vote the SpinCo shares they receive
upon consummation of the Spin Off (i) in favor of any corporate
action recommended by the then existing board of directors of
SpinCo, including but not limited to, the election of directors and
any extraordinary corporate transaction, including a merger,
acquisition, sale, consolidation, reorganization or liquidation
involving SpinCo and a third party, or any other proposal of a
third party to acquire SpinCo and/or (ii) against any action or
agreement which would impede, interfere with or prevent any SpinCo
Action from being consummated.  The Signing Stockholders agreed not
to transfer their shares of the Company and SpinCo for certain
periods of time subject to certain limited exceptions.

Pursuant to the voting agreement, the Issuer agreed to appoint to
the board of directors a nominee of Cullen Inc Holdings Ltd. that
is mutually agreeable to the Company and Cullen Inc Holdings Ltd.
Cullen Inc Holdings Ltd has not yet designated any appointee.

As of Feb. 22, 2018, Cullen Inc, Mr. Watson, Mr. Gibson, Mr.
Stranberg, and Mr.n Davis-Rice collectively beneficially owned an
aggregate of 1,611,180 shares of common stock of Long Blockchain
Corp., constituting approximately 15.6% of the Shares outstanding.
Specifically, the reporting persons beneficially owned these
shares:

                                         Shares      Percentage
                                      Beneficially       of
   Reporting Persons                      Owned        Shares
   -----------------                  ------------   ----------
Cullen Inc. Holdings Ltd.               747,078         7.3%
Eric J. Watson                          939,357         9.0%
William Gibson                          219,895         2.2%
Andrew Stranberg                        388,594         3.8%
Justin Davis-Rice                        63,334      Less Than 1%

The aggregate percentage of Shares reported owned by each person is
based upon 10,219,897 Shares outstanding as of January 3, 2018,
which is the total number of Shares outstanding as reported in the
Issuer's Prospectus filed pursuant to rule 424(b)(5) with the
Securities and Exchange Commission on Jan. 5, 2018 plus (a) with
respect to Mr. Watson, (i) 165,000 Shares underlying the March 29
Warrants, and (ii) 20,000 Shares underlying the May 12 Warrants and
(b) with respect to Mr. Stranberg, 70,000 Shares underlying the
October 4 Warrants.

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

                    https://is.gd/A6v8SV

                  About Long Blockchain Corp.

Headquartered in Hicksville, New York, Long Blockchain Corp.,
formerly Long Island Iced Tea Corp., is focused on developing and
investing in globally scalable blockchain technology solutions.  It
is dedicated to becoming a significant participant in the evolution
of blockchain technology that creates long term value for its
shareholders and the global community by investing in and
developing businesses that are "on-chain".  Blockchain technology
is fundamentally changing the way people and businesses transact,
and the Company will strive to be at the forefront of this dynamic
industry, actively pursuing opportunities.  Its wholly-owned
subsidiary Long Island Brand Beverages, LLC, operates in the
non-alcohol ready-to-drink segment of the beverage industry under
its flagship brand 'The Original Long Island Brand Iced Tea'.

Long Island Iced Tea incurred a net loss of $10.44 million for the
year ended Dec. 31, 2016, following a net loss of $3.18 million for
the year ended Dec. 31, 2015.  As of Sept. 30, 2017, the Company
had $4.83 million in total assets, $4.21 million in total
liabilities and $622,151 in total stockholders' equity.

"Historically, the Company has financed its operations through the
raising of equity capital and through trade credit with its
vendors.  The Company's ability to continue its operations and to
pay its obligations when they become due is contingent upon the
Company obtaining additional financing.  Management's plans include
raising additional funds through equity offerings, debt financings,
or other means.

"The Company believes that it will be able to raise sufficient
additional capital to finance the Company's planned operating
activities.  There are no assurances that the Company will be able
to raise such capital on terms acceptable to the Company or at all.
If the Company is unable to obtain sufficient amounts of
additional capital, it may be required to reduce the scope of its
planned market development activities, and/or consider reductions
in personnel costs or other operating costs.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern," the Company stated in its quarterly report for
the period ended Sept. 30, 2017.


LONG BLOCKCHAIN: Denies Misleading Investors Amid Delisting Threat
------------------------------------------------------------------
Long Blockchain Corp. said in a regulatory filing with the
Securities and Exchange Commission that it strongly disagrees with
NASDAQ Stock Market LLC's determination to delist its common stock
due to "misleading" public statements.

On Feb. 15, 2018, the Company received a notice from a Nasdaq staff
indicating that they had determined to delist the Company's
securities under the discretionary authority granted to Nasdaq
pursuant to Nasdaq Rule 5101.  The notification letter stated that
the Staff believed that the Company made a series of public
statements designed to mislead investors and to take advantage of
general investor interest in bitcoin and blockchain technology,
thereby raising concerns about the Company's suitability for
exchange listing.  The notification letter also stated that the
Staff was revoking its Jan. 23, 2018 notification to the Company
that it had regained compliance with the market value of listed
securities requirement of Rule 5550(b)(2).  The revocation was
based on the Staff's view that the Company's return to compliance
with the MVLS Rule was a result of the disclosures with which the
Staff had taken issue.

The Company has appealed the decision to a hearings panel.  As a
result, the Staff's notification has no effect at this time on the
listing of the Company's common stock, and the stock will continue
to trade uninterrupted under the symbol "LBCC."

In connection with the Appeal, in addition to addressing the
Staff's discretionary authority concerns, the Company will need to
demonstrate its ability to comply with the MVLS Rule or the
alternative listing requirement of $2.5 million in stockholders'
equity.  In order to regain compliance with the MVLS Rule, the
market value of the Company's listed securities must remain at $35
million or more for a minimum of ten consecutive business days
(Nasdaq has the discretion to monitor compliance for as long as 20
consecutive business days before deeming the Company in
compliance).

                   About Long Blockchain Corp.

Headquartered in Hicksville, New York, Long Blockchain Corp.,
formerly Long Island Iced Tea Corp., is focused on developing and
investing in globally scalable blockchain technology solutions.  It
is dedicated to becoming a significant participant in the evolution
of blockchain technology that creates long term value for its
shareholders and the global community by investing in and
developing businesses that are "on-chain".  Blockchain technology
is fundamentally changing the way people and businesses transact,
and the Company will strive to be at the forefront of this dynamic
industry, actively pursuing opportunities.  Its wholly-owned
subsidiary Long Island Brand Beverages, LLC operates in the
non-alcohol ready-to-drink segment of the beverage industry under
its flagship brand 'The Original Long Island Brand Iced Tea'.

Long Island Iced Tea incurred a net loss of $10.44 million for the
year ended Dec. 31, 2016, following a net loss of $3.18 million for
the year ended Dec. 31, 2015.  As of Sept. 30, 2017, the Company
had $4.83 million in total assets, $4.21 million in total
liabilities and $622,151 in total stockholders' equity.

"Historically, the Company has financed its operations through the
raising of equity capital and through trade credit with its
vendors.  The Company's ability to continue its operations and to
pay its obligations when they become due is contingent upon the
Company obtaining additional financing.  Management's plans include
raising additional funds through equity offerings, debt financings,
or other means.

"The Company believes that it will be able to raise sufficient
additional capital to finance the Company's planned operating
activities.  There are no assurances that the Company will be able
to raise such capital on terms acceptable to the Company or at all.
If the Company is unable to obtain sufficient amounts of
additional capital, it may be required to reduce the scope of its
planned market development activities, and/or consider reductions
in personnel costs or other operating costs.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern," the Company stated in its quarterly report for
the period ended Sept. 30, 2017.


LUCKY DRAGON: Vegas Resort Files Chapter 11 to Thwart Foreclosure
-----------------------------------------------------------------
Lucky Dragon Hotel & Casino LLC, filed for Chapter 11 bankruptcy
protection in U.S. Bankruptcy Court in Las Vegas, Nevada, on Feb.
16., 2018.

Lucky Dragon Hotel & Casino LLC, is the operating entity of the
Lucky Dragon, an off-Strip, Chinese-themed resort.  Lucky Dragon,
at 300 W. Sahara Ave., just west of Las Vegas Boulevard, consists
of a nine-story hotel and a 27,500-square-foot casino in separate
buildings.  It debuted in November 2016. The 2.5-acre resort was
designed to cater primarily to Asian-American and Asian immigrant
customers.

The real estate is owned through Lucky Dragon LP, which filed for
Chapter 11 on Feb. 21.

Eli Segall, writing for Las Vegas Review-Journal, reports that the
resort sought bankruptcy protection less than a year-and-a-half
after it opened.  Lucky Dragon developer Andrew Fonfa placed the
resort in Chapter 11 ahead of a scheduled foreclosure auction Feb.
22.  Mr. Fonfa is the founder of ASF Realty and Investments.

According to the Review-Journal, management expects to run a
"quick" but "thoughtful" auction and believes that a sale through
bankruptcy court "is the best opportunity . . . to preserve and
maximize" its value.

The report notes Lucky Dragon was the first resort built from the
ground up in Las Vegas since the recession, and its bankruptcy is
the latest of several problems that overall amount to a brutal
start.  The boutique hotel has shed staff and struggled to draw big
crowds, and its lead building contractor claimed that it was owed
millions of dollars for unpaid work. It also temporarily closed its
casino and restaurants in January and faced foreclosure after a $90
million loan went into default.

Lucky Dragon's bankruptcy lawyer, Samuel Schwartz, said in an email
to the Las Vegas Review-Journal that the resort "is working
actively with its investment bankers and attorneys to refinance or
restructure its debt."  He said Lucky Dragon and lender Snow
Covered Capital, an obscure company linked to San Francisco real
estate investor Enrique Landa of Associate Capital, are striving
"diligently to achieve a solution to best protect" the assets and
investors.

According to the report, Snow issued the $90 million loan, Clark
County records show. According to bankruptcy court filings, Snow
doled out "an initial" $30 million construction loan and a $15
million revolving loan.

Mr. Schwartz said Snow recently agreed to a two-week extension of
the foreclosure sale to let negotiations continue.

Snow is represented in the case by Bob Olson.

The Review-Journal relates that, according to bankruptcy papers,
Lucky Dragon was appraised at $143 million last fall, and about 179
people invested $500,000 each, or $89.5 million total, in the
project through the federal EB-5 visa program.  Foreigners can
obtain U.S. residency through the EB-5 program if they put at least
a half-million dollars into a business venture and the funding
creates at least 10 full-time jobs.


M & G USA: Needs More Time to Complete Sale of US Assets
--------------------------------------------------------
M&G USA Corp. and its affiliates ask the U.S. Bankruptcy Court for
the District of Delaware to extend (i) the period during which the
Debtors have the exclusive right to file a Chapter 11 plan by 120
days, through and including June 21, 2018, and (ii) the period
during which the Debtors have the exclusive right to solicit
acceptances thereof through and including Aug. 21, 2018, or 60 days
after the expiration of the Exclusive Filing Period.

The Debtors currently have until Feb. 21, 2018, to exclusively file
a plan.

The Debtors say that since filing their Chapter 11 cases, they have
made significant progress toward their goal for these cases --
maximizing the value of their assets for the benefit of their
stakeholders -- while at the same time undertaking various measures
to stabilize their remaining operations and minimize costs to their
estates.  

At the onset of these cases, there was great uncertainty
surrounding the Debtors' ability to access funds necessary to
successfully market and sell their facility in Apple Grove, West
Virginia.  However, approximately four months later, after
obtaining access to approximately $13.5 million of cash collateral
from Comerica Bank and $5 million in bridge financing, the Debtors
are on the cusp of closing a sale of, among other things, the Apple
Grove Plant and related intellectual property for $33.5 million to
Far Eastern Holdings, Ltd.  

The sale to Far Eastern (when it closes) will generate significant
proceeds for Debtor M & G Polymers USA, LLC's creditors, preserve
employee jobs and address other significant liabilities.  Having
run a robust sale process for the Apple Grave Assets, the Debtors'
efforts (and those of their advisors) are currently focused on
obtaining the highest or best bid for the Corpus Christi Assets and
the IP Assets, among other assets.

Proposing a Chapter 11 plan prior to the expiration of the
Exclusive Periods -- and thus prior to completion of the sale
processes -- would be problematic, if not impossible.  Any Chapter
11 plan that the Debtors might propose and any distributions that
would be made thereunder is dependent on, among other things, the
outcome of the Debtors' sale processes, including, most critically,
the sale of the Corpus Christi Assets.  Until that sale process is
concluded, the Debtors are unable to predict with any certainty
creditors' level of recoveries, making the drafting of any
disclosure statement and proposing any Chapter 11 plan at this time
premature, cost-inefficient and impractical.

While some preliminary discussions have occurred, and likely will
continue to occur, upon completion of the sale processes, the
Debtors anticipate engaging their major economic stakeholders,
including the Official Committee of Unsecured Creditors, in
meaningful discussions and negotiations regarding the conclusion of
these Chapter 11 cases.  To allow the Exclusive Periods to lapse
and permit parties to file competing plans at this time would
unnecessarily increase administrative expenses and cause delays at
a time when the Debtors should be focusing their efforts on
completing a sale of their U.S. assets.  

According to the Debtors, there is more than sufficient cause to
approve the extension of the Exclusive Periods requested by the
Debtors:

     -- These cases are large and complex.  The Debtors filed
        these cases to address nearly $1.7 billion in secured and
        unsecured debt obligations.  As a result of the global
        nature of the Debtors' operations -- spanning from Brazil
        to Mexico to the U.S. and to Europe -- the Debtors'
        creditors are located in various locations across the
        globe, adding a layer of complexity to these cases.
        Moreover, although the Debtors have significant operations

        in the U.S., they also employ a number of key executives
        and employees in Luxembourg and Italy.  In addition, a
        significant portion of these cases centers around the sale

        of the Corpus Christi Plant and the resolution of secured
        claims related thereto.  Taking into consideration these
        variables, it is apparent that transitioning an enterprise

        of the Debtors' size, reach and magnitude requires
        significant time and effort;

     -- Continued payment of operating expenses.  Since filing
        these cases, the Debtors believe that they have continued
        to pay substantially all of their postpetition, undisputed

        expenses and invoices in the ordinary course of business
        or as otherwise provided by order of the Court;

     -- Additional time is necessary.  Under the bidding
        procedures court order, final bids for the purchase of the

        Corpus Christi Assets and other assets are due March 6,
        2018, and an auction for the assets currently is scheduled

        for March 8, 2018.  The result of the auction and the
        selection of a purchaser of the Corpus Christi Assets and
        the other assets will provide critical information
        necessary for the formulation of any Chapter 11 plan;

     -- These cases are approximately four months old.  The
        requested extension of the Exclusive Periods is the first
        the request made in these cases and comes approximately
        four months after the Polymers Petition Date.  During this

        time, the Debtors have expended substantial resources on
        the court-approved sale processes, complying with the
        requirements of the U.S. Bankruptcy Code and the
        Bankruptcy Rules, administering their estates and
        undertaking other cost saving measures for the benefit of
        their stakeholders;

     -- The Debtors have demonstrated reasonable prospects of
        filing a plan.  The Debtors have undertaken cost saving
        measures and other efforts to stabilize their ongoing
        operations in these cases.  Those efforts notwithstanding,

        proposing a Chapter 11 plan prior to conclusion of the
        Debtors' sale processes would be difficult, if not
        impossible.  While the Debtors recently obtained Court
        approval to sell the Apple Grove Assets, it is sale of the

        Corpus Christi Assets that will largely inform the
        formulation of any Chapter 11 plan that may be proposed in

        these cases.  As such, the Debtors submit that the
        necessary conditions for proposing a Chapter 11 plan may
        come to pass, but that the plan process must await the
        conclusion of the sale processes; and

     -- An extension will not pressure creditors.  The Debtors are

        not seeking an extension of the Exclusive Periods to
        pressure or prejudice any of their stakeholders.  Rather,
        the Debtors are seeking an extension of the Exclusive
        Periods to preserve the progress made to date.  The
        Debtors' efforts in this respect will benefit, not
        prejudice, their creditors.

A copy of the Debtors' request is available at:

            http://bankrupt.com/misc/deb17-12307-1008.pdf

                    About M & G USA Corporation

Founded in 1953, M&G Group is a privately owned chemical company in
Italy and is controlled through the holding company M&G Finanziaria
S.p.A.  The M&G Group -- specifically, its chemicals division, is a
producer of polyethylene terephthalate resin for packaging
applications.

M & G USA Corporation and affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 17-12307) on Oct. 30, 2017.  

In the petition signed by CRO Dennis Stogsdill, the Debtors
estimated $1 billion to $10 billion both in assets and
liabilities.

Judge Brendan L. Shannon presides over the cases.

Jones Day is the Debtors' bankruptcy counsel.  The Debtors hired
Pachulski Stang Ziehl & Jones LLP as conflicts counsel and
co-counsel; Crain Caton & James, P.C., as special counsel; Alvarez
& Marsal North America, LLC as restructuring advisor; Rothschild
Inc. and Rothschild S.p.A. as financial advisors and investment
bankers; and Prime Clerk LLC as administrative advisor.

On Nov. 13, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee hires
Milbank, Tweed, Hadley & McCloy LLP as its legal counsel; Cole
Schotz, as Delaware co-counsel; Berkeley Research Group, LLC, as
financial advisor; and Jefferies LLC, as investment banker.


MATTEL INC: Fitch Lowers IDR to B+; Outlook Negative
----------------------------------------------------
Fitch Ratings has downgraded Mattel, Inc.'s Long-Term Issuer
Default Rating (IDR) to 'B+' from 'BB'. The Rating Outlook is
Negative.  

The downgrade reflects Fitch's expectations of a significantly
slower than previously anticipated recovery in Mattel's EBITDA and
FCF following weaker than projected 2017 results. EBITDA in 2018
could remain near 2017 adjusted levels of around $300 million and
improve toward the low-$500 million range by 2020, compared with
Fitch's prior expectations of EBITDA around $650 million in 2020.
Leverage, which was around 11.0x in 2017 (adjusted for Mattel's
1Q18 $250 million debt paydown), could improve toward the mid-5.0x
range by 2020, assuming around 75% EBITDA improvement from
2017/2018 levels. The Negative Outlook reflects Fitch's reduced
confidence in the company's ability to stabilize sales and drive
significant EBITDA improvement in line with Fitch's rating case.

Execution missteps, including the inability of the company to
effectively respond to evolving play patterns and ongoing retail
challenges, with retailers cutting back on inventory purchases, and
most recently the September 2017 bankruptcy of Toys 'R' Us, Inc.,
have pressured operating results and cash flow. Mattel's challenges
are expected to remain obstacles to near-term EBITDA improvement,
despite recently announced initiatives to drive topline growth and
cost reductions.

Mattel's operating trajectory has pressured cash flow, with FCF
around negative $600 million in 2017. Mattel's weak results
necessitated the issuance of $1 billion in unsecured guaranteed
notes at the end of 2017 to maintain the company's historical
liquidity position. The company also obtained a $1.6 billion asset
backed loan (ABL) revolving credit facility (RCF) for working
capital needs as a replacement for its historical commercial paper
usage. Assuming FCF improves toward flattish to modestly positive
starting 2018 on improved working capital, the elimination of
Mattel's dividend and lower capital expenditures, Fitch projects
Mattel will have sufficient liquidity to support seasonal working
capital needs over the next several years. However, the company has
significant upcoming maturities, including $500 million, $250
million and $350 million of unsecured notes in 2019, 2020, and
2021, respectively. Fitch expects Mattel will need to refinance the
debt with guaranteed unsecured notes similar to its $1 billion debt
transaction in 4Q17.

The ratings continue to reflect Mattel's position as one of the
largest companies in the approximately $90 billion global toy
industry (according to trade association The Toy Association), with
2017 revenue of $4.9 billion, similar to other leading players
including Hasbro Inc. (BBB+/Stable), Bandai Namco Holdings and The
Lego Group, each of which have $5 billion-$5.5 billion in annual
revenue. Mattel holds particular strength in girls, infant and
preschool toys through brands such as Barbie, American Girl and
Fisher Price. Its leading boy brands include Hot Wheels and
Matchbox. Approximately 60% of corporate revenue is generated by
the company's Barbie, Hot Wheels, and Fisher Price brands. The
company also holds licenses to produce toys for a number of
entertainment properties such as Cars, Jurassic Park and Toy Story.
Sales of these entertainment-driven products tend to be volatile
over time with peaks around theatrical releases.

KEY RATING DRIVERS

Operating Weakness Continues: Mattel's revenue has steadily
declined in recent years, with sales falling from a peak of $6.5
billion in 2013 to $4.9 billion in 2017. Fitch believes the company
has been unable to effectively evolve its product portfolio
commensurate with changes to children's play patterns. Children are
increasingly digitally oriented and marginally less interested in
traditional toys. Relative to Mattel, Hasbro has more successfully
responded to these changes through brand storytelling, creating
digital experiences and revenue streams to support its portfolio's
customer relevance and create additional sales opportunities.

The company has also been challenged by the phenomenon of children,
in particular girls, outgrowing traditional toys at a younger age,
with greater interest in consumer electronics, beauty, sports, and
social media. Mattel's traditional toy portfolio, including Barbie,
has had difficulty effectively retaining mindshare as this
phenomenon progresses. Finally, Mattel's revenue base is
increasingly tied to licensed properties, which have created the
dual risks of lost licenses, such as the Disney Princess line to
Hasbro beginning 2016, and underperforming properties, such as Cars
3 in 2017. All of these challenges have been exacerbated by the
strengthening U.S. dollar in recent years, given that around 45% of
Mattel's revenue is generated internationally.

Mattel's struggle to respond to these challenges has resulted in
core brand revenue declines. For example, Barbie generated $1.3
billion of gross revenue in 2012 (18% of gross sales) before
declining to just above $900 million in 2015 (14% of gross sales)
and rebounding to $955 million in 2017 (17% of gross sales). Other
franchises including American Girl, Mega, and Thomas & Friends have
also shown sales declines with less clear recovery prospects.

The pace of operating decline accelerated in 2017, exacerbated by
the September 2017 bankruptcy of Toys 'R' Us. In 2017, Mattel's
revenue declined 10.5% with EBITDA down around 70% from $880
million in 2016 to approximately $270 million in 2017, after
adjusting for restructuring, inventory write-downs, and Toys 'R'
Us-related sales. EBITDA margins contracted from 16% in 2016 (and
peak levels of 22% in 2012/2013) to 5.5% in 2017 on fixed-cost
deleverage, Toys 'R' Us's bankruptcy, and higher royalty expenses
due to mix shifts.

Transformation Underway: Mattel appointed Margo Georgiadis,
previously Google's president of the Americas, as CEO in February
2017. Ms. Georgiadis attributes the company's weakening performance
to brand management missteps, limited long-range portfolio
planning, and cost cutting without operational simplification.

To remedy these issues, Ms. Georgiadis announced a Transformation
Plan for the company with five key elements: 1) build Mattel's
power brands into connected 360-degree play experiences, 2)
accelerate emerging markets growth, 3) focus and strengthen
Mattel's innovation pipeline, 4) realign and reshape operations,
and 5) reignite Mattel's culture and team. Mattel also announced
further significant leadership team changes in early October 2017
including the departure of the company's long-time CFO.

Mattel is currently targeting $650 million in cost savings by 2020.
The planned cost savings are evenly split between cost of goods
sold and SG&A, and include elimination of less-profitable products
and brands, simplifying processes, working with vendors to lower
costs, and reducing overhead and discretionary spend on functions
like consulting and legal. The company anticipates achieving 40% of
its savings in 2018, 25% in 2019 and the remainder in 2020. The
plan requires around $200 million of restructuring and severance
expense, of which $40 was realized in 2017, and Mattel plans to
reinvest $170 million of savings into revenue-driving initiatives.

The company's 2018 guidance of flattish revenue growth, modest
gross margin improvement and flattish SG&A (including advertising
expense) could yield EBITDA trending in the low-$300 million range
compared with $270 million in 2017, despite the expected
achievement of significant cost savings. Fitch projects meaningful
EBITDA growth could resume in 2019, with EBITDA in the low-$500
million range by 2020 given modest sales growth and the achievement
of expense reductions.

Uneven Cash Flows and Recent Debt Issuance: Virtually all of
Mattel's FCF is generated in the fourth quarter, coinciding with
the holiday period, as is typical for most toy manufacturers. The
company typically finishes the year with $800 million-$1 billion in
cash, and combined with commercial paper borrowings (now to be
replaced by ABL borrowings) allow it to build inventory through the
year in advance of its peak FCF generation. Mattel's annual FCF
worsened from an average of breakeven in 2013-2015 to around
negative $200 million in 2016 and around negative $600 million in
2017, in concert with EBITDA declines. Given the softness in its
operating results, Mattel stopped its share repurchase program in
2014 and reduced dividends by 60% in 3Q17, eliminating dividends
altogether in 4Q17.

As a result of negative cash flow in 2017, the company issued $1
billion in unsecured guaranteed notes in December 2017 to fund
operations and address its $250 million unsecured note maturity in
2018. Mattel ended 2017 with around $1.1 billion in cash, including
the $250 million earmarked for the 2018 maturity. Mattel also
obtained a $1.6 billion ABL revolver, which will replace commercial
paper usage for seasonal working capital needs beginning 2018.
Given Fitch's forecasts of modest FCF generation over the next
several years, Mattel would need to refinance upcoming unsecured
notes maturities, including $500 million in 2019 and $250 million
in 2020.

RECOVERY CONSIDERATIONS

Fitch's recovery analysis is based on a liquidation value of $3.3
billion, versus approximately $2.1 billion going-concern value. The
liquidation value assumes a 70% and 50% advance rate on year-end
receivables and inventory, respectively, and a 25% advance rate on
net fixed assets. In addition, Fitch assumes Mattel's intellectual
property, including its power brands such as Barbie, Fisher-Price,
and Hot Wheels, could generate around $2 billion in intellectual
property value. Fitch's going-concern valuation is based on a $300
million going-concern EBITDA and a 7.0x enterprise value/EBITDA
multiple, at the upper end of the typical 5.0x-7.0x range for
consumer products companies given Mattel's strong brand
franchises.

After deducting 10% for administrative claims, the remaining $3.0
billion would lead to full recovery for the company's ABL revolver
and $1 billion of recently-issued senior guaranteed unsecured
notes. The $1.6 billion ABL facility, which is governed by a
borrowing base, is assumed to be drawn 70% in a recovery scenario.
The ABL revolver is rated 'BB+'/'RR1' and the senior guaranteed
unsecured notes are rated 'BB'/'RR2' in line with Fitch's criteria
for unsecured debt. The senior non-guaranteed unsecured notes are
expected to have average recovery prospects (31%-50%) and are
therefore rated 'B+'/'RR4'.

Fitch expects Mattel to refinance its $1.1 billion of 2019-2021
maturities. Any refinancing which includes guaranteed debt could
weaken recovery prospects for the company's existing unsecured
nonguaranteed notes.

DERIVATION SUMMARY

Mattel's 'B+' IDR reflects the company's weak operating performance
and negative cash flow generation due to execution missteps,
including the inability of the company to effectively respond to
evolving play patterns, and retail challenges, most recently the
September 2017 bankruptcy of Toys 'R' Us. EBITDA declined from a
peak of $1.4 billion in 2013 to $880 million in 2016 and $270
million in 2017. This has necessitated the issuance of $1 billion
of unsecured guaranteed notes to maintain the company's historical
liquidity position leading to elevated leverage. Leverage, which
was around 11x in 2017 (adjusting for the company's planned $250
million debt repayment in 1Q 18) is expected to remain elevated at
around 9x in 2018 and moderate toward mid-5x in 2020 on EBITDA
growth toward the low-$500 million range.

The ratings continue to reflect Mattel's position as one of the
largest companies in the approximately $90 billion global toy
industry, with 2017 revenue of $4.9 billion, similar to other
leading players including The Lego Group, Bandai Namco Holdings and
Hasbro, each of which have $5 billion-$5.5 billion in annual
revenue. Hasbro has experienced more stable operating results than
Mattel, producing a 5% revenue CAGR over the last five years
compared with annual mid-single-digit declines at Mattel beginning
2014. Hasbro's revenue growth is attributed to its successful focus
on brand extensions and product innovation, and wins such as
takeover of the Disney princess license from Mattel beginning 2016.
Hasbro's leverage is expected to trend modestly under 2x, compared
with Mattel's 2017 year-end leverage of 11x and projected 2020
leverage of around mid-5x.

KEY ASSUMPTIONS

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

-- Revenue in 2018 is expected to decline modestly to $4.8 billion
from $4.9 billion in 2017 due to continued core product challenges
and the ongoing Toys 'R' Us bankruptcy process, somewhat offset by
the benefit of recent revenue-driving initiatives. Thereafter,
revenue is expected to improve toward $5 billion given modest
benefits from the company's topline initiatives.

-- EBITDA margins, which declined from peak 22% levels in 2013 to
5.5% in 2017, are projected to improve to around 7% in 2018 on cost
reduction initiatives. EBITDA margins could improve toward 10.5% by
2020. As a result, EBITDA could improve from $270 million in 2017
to the low-$300 million range in 2018 and the low-$500 million
range in 2020.

-- Leverage, which increased to 10.8x in 2017 from 2.7x in 2016 on
EBITDA declines and debt issuance, is expected to improve modestly
in 2018 to around 9.0x and to the mid-5.5x range in 2020 on EBITDA
growth. Given modest FCF assumptions, Fitch expects Mattel to
refinance upcoming maturities including $500 million and $250
million of unsecured notes in 2019 and 2020, respectively.

-- Fitch expects FCF to improve from around negative $600 million
in 2017 to flat in 2018, and improve toward the low-$100 million
range in 2020 on EBITDA growth, suspension of the company's
dividend and the completion of cash restructuring charges in 2019.

RATING SENSITIVITIES

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

-- A positive rating action could result if leverage is sustained

    below 5.5x through EBITDA growth toward $600 million.

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

-- Fitch could stabilize Mattel's rating given improved
    confidence in the company's ability to meet its current base
    case forecast.
-- A negative rating action could be caused by lack of
    stabilization in the top line or a rebound in margins which
    cause EBITDA to remain below $400 million, leading to minimal
    free cash flow and elevated leverage at 7x or above.

LIQUIDITY

Given industry seasonality, the company targets $800 million to $1
billion of cash on hand at year-end. Cash balances and the
company's commercial paper program have historically supported
working capital peaks in the third and fourth quarters leading into
the holiday season, as Mattel generates virtually all of its cash
in the fourth quarter.

As of Dec. 31, 2017, the company had cash and cash equivalents of
$1.1 billion (including $250 million earmarked to address its March
2018 maturity). Mattel ended 2017 with no borrowings on either its
commercial paper program or new ABL revolver. In 4Q17, the company
entered into a $1.6 billion ABL revolving credit facility to
replace the company's CP program. Fitch expects Mattel to
discontinue CP usage in 2018, employing its ABL revolver for
seasonal working capital needs.

Mattel will need to address $1.1 billion of notes maturities over
the 2019-2021 timeframe, including $500 million in 2019. Fitch
expects Mattel will need to refinance the debt with guaranteed
unsecured notes similar to its $1 billion debt transaction in
4Q17.

As of Dec. 31, 2017, Mattel's leverage (total debt/EBITDA) was
10.8x, after adjusting for the $250 million of notes the company
expects to pay down in 1Q18. Excluding the $250 million of notes,
Mattel ended the year with $2.9 billion of debt, including its
recently-issued $1 billion of senior guaranteed unsecured notes and
the remainder in senior nonguaranteed unsecured notes.

FULL LIST OF RATING ACTIONS

Fitch has downgraded the following ratings:

Mattel, Inc.

-- Long-term Issuer Default Rating (IDR) to 'B+' from 'BB';
-- Secured asset-backed revolving credit facility to 'BB+'/'RR1'
    from 'BBB-'/'RR1';
-- Senior unsecured nonguaranteed notes to 'B+'/'RR4' from 'BB-
    '/'RR5'.

Fitch has affirmed the following ratings:

Mattel, Inc.

-- Short-term IDR at 'B';
-- Commercial paper program at 'B';
-- Senior unsecured guaranteed notes at 'BB'; Recovery Rating to
    'RR2' from 'RR4'.

The Rating Outlook is Negative.


MEDAPOINT INC: Has Until March 29 to Exclusively File Plan
----------------------------------------------------------
The Hon. Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas has extended, at the behest of Medapoint, Inc.,
to extend the exclusive period for filing a plan of reorganization
until March 29, 2018.

As reported by the Troubled Company Reporter on Jan. 19, 2018, the
Debtor asked the Court to extend the exclusive period for filing
and soliciting acceptances a plan of reorganization until March 29,
2018.  The Debtor asserted that it is in the midst of an asset
sale/stock sale marketing process managed by its court-approved
investment banker Match Point Partners.  According to the Debtor,
at least three entities have indicated an interest in submitting
offers for its assets or stock and that at least one of these
offers would resolve all claims against the Debtor and provide a
return to equity holders.  The Debtor needs to continue the
marketing process for an additional time so that it can consummate
a sale transaction with the purchaser which makes the highest and
best offer to the Debtor.

                      About Medapoint Inc.

Founded in 2009 and based in Austin, Texas, Medapoint, Inc.,
provides software solutions.  The applications support more than
1,500 private and municipal providers of emergency medical services
(EMS) throughout the United States, including one of the nation's
leading private ambulance services, which provides more than 1.5
million transports annually.

Medapoint, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tex. Case No. 17-10876) on July 17,
2017.  In the petition signed by Eric J. Becker, its president, CEO
and director, the Debtor estimated assets and liabilities of $1
million to $10 million.

Judge Tony M. Davis presides over the case.

The Debtor tapped Spector & Johnson PLLC as legal counsel; K&L
Gates as special counsel; and Match Point Partners LLC as
investment banker.


MEDICAL SOLUTIONS: Add-on Term Loan No Impact on Moody's B2 CFR
---------------------------------------------------------------
Moody's Investors Service said that Medical Solutions Holdings,
Inc.'s proposed $140 million first lien term loan add-on for the
acquisition of PPR Holding Corporation (PPR) is credit negative,
but does not impact the company's credit ratings. These include the
B2 Corporate Family Rating, the B2-PD Probability of Default
Rating, the B1 rating on the first lien credit facilities and the
Caa1 rating on the second lien term loan. The rating outlook
remains stable.

Medical Solutions provides travel nurse staffing to hospitals
across the United States. PPR provides travel nurse staffing and
interim leadership for hospitals and post-acute markets. Medical
Solutions is owned by TPG Growth. The combined company will have
revenues of about $480 million.


MICROVISION INC: Posts $24.2 Million Net Loss in Fiscal 2017
------------------------------------------------------------
MicroVision, Inc., announced results for its fourth quarter and
fiscal year ended Dec. 31, 2017.

Revenue for fiscal year 2017 was $10.9 million, compared to $14.8
million for fiscal year 2016.  MicroVision's net loss for fiscal
year 2017 was $24.2 million, or $0.33 per share, compared to a net
loss of $16.5 million, or $0.32 per share for fiscal year 2016.

Revenue for the fourth quarter of 2017 was $2.6 million, in line
with the Company's January 18th pre-announcement, and compared to
$2.9 million for the fourth quarter of 2016.  MicroVision's net
loss for the fourth quarter of 2017 was $7.9 million, or $0.10 per
share, compared to a net loss of $5.4 million, or $0.09 per share
for the fourth quarter of 2016.

As of Dec. 31, 2017, MicroVision had $29.69 million in total
assets, $24.83 million in total liabilities and $4.86 million in
total shareholders' equity.

"As I settle into my role as MicroVision's CEO, I'm focused on
creating a culture of success while transforming our company from
being a technology innovator into a solutions provider.  We have a
great team with phenomenal technology and an innovative product
roadmap.  We expect our revised strategy will provide value for
Tier 1 customers by enabling them to monetize new applications
through an enhanced end user experience," said Perry Mulligan,
MicroVision's chief executive officer.  "With that in mind, I am
encouraged by the progress we are making on our previously
announced $24 million contract with a Tier 1 technology company,"
Mulligan added.

                        Substantial Doubt

"We have incurred substantial losses since inception and expect to
incur a significant loss during the fiscal year ending December 31,
2018.  We have funded operations to date primarily through the sale
of common stock, convertible preferred stock, warrants, the
issuance of convertible debt and, to a lesser extent, from
development contract revenues, product sales and licensing
activities.  There can be no assurance that additional capital will
be available or that, if available, it will be available on terms
acceptable to us on a timely basis.  We cannot be certain that we
will succeed in commercializing our technology or products.  These
factors raise substantial doubt regarding our ability to continue
as a going concern," the Company stated in the regulatory filing.

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

                      https://is.gd/ywxcmN

                       About MicroVision

Based in Redmond, Washington, MicroVision, Inc. --
http://www.microvision.com/-- is the creator of PicoP scanning
technology, an ultra-miniature laser projection and sensing
solution for mobile consumer electronics, automotive head-up
displays and other applications.  MicroVision's patented technology
is a single platform that can enable projected displays, image
capture and interaction for a wide array of future-ready products
in this rapidly evolving, always-on world.  MicroVision's IP
portfolio has been recognized by the Patent Board as a top 50 IP
portfolio among global industrial companies and has been included
in the Ocean Tomo 300 Patent Index.


MONAKER GROUP: Starts Trading on NASDAQ Capital Market
------------------------------------------------------
Monaker Group, Inc. has been approved to list its common stock on
the NASDAQ Capital Market.

The Company's common stock commenced trading on the NASDAQ Capital
Market at the market open on Feb. 22, 2018 under the ticker symbol,
"MKGID."  On or around March 12, 2018, the stock is expected to
begin trading as "MKGI."

"This up listing to NASDAQ reflects the significant progress we
have made in strengthening our corporate governance, improving
operating efficiencies, and positioning Monaker for growth and
profitability," commented company CEO, Bill Kerby.  "In addition to
improving trading liquidity for our shareholders, we expect this
listing to provide greater awareness of our unique approach in the
burgeoning alternative vacation rental market, and enable us to
attract a broader audience in the investment community."

                        About Monaker

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

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

Monaker reported a net loss of $7.10 million for the year ended
Feb. 28, 2017, compared to a net loss of $4.55 million for the year
ended Feb. 29, 2016.  As of Nov. 30, 2017, Monaker Group had $8.62
million in total assets, $4.68 million in total liabilities and
$3.94 million in total stockholders' equity.


NAKED BRAND: Amends Merger Agreement with Bendon Limited
--------------------------------------------------------
Naked Brand Group Inc., Bendon Limited and Bendon Group Holdings
Limited announced that they have entered into a second amendment to
the Agreement and Plan of Reorganization.  Among other things, the
Second Amendment provides as follows:

   * The Naked stockholders will, upon the closing to the merger,
     receive approximately 9.0% of the outstanding ordinary shares
     of Holdco on a fully diluted basis, subject to certain
     adjustments set forth in the Amended Merger Agreement.

   * Bendon will pay an amount equal to Naked's net operating loss
     each month until the closing of the Merger.

   * To satisfy the compliance requirements of the Nasdaq Capital
     Market, the capital structure of Holdco will be adjusted
     which will change the exchange ratio in the Amended Merger
     Agreement.

   * The outside date for completing the Merger has been extended
     to April 27, 2018, subject to an extension which date will
     not to be later than May 7, 2018, after which either party
     may terminate the Amended Merger Agreement.

   * The ability of Naked to solicit alternative transactions has
     been modified so that Naked may solicit such transactions if
     the Merger is not completed by the outside date or if Bendon
     fails to pay to Naked a monthly amount equal to the net
     operating losses of Naked.

Carole Hochman, Naked's chief executive officer and chief creative
officer, stated, "I am proud of the hard work and continuous effort
that our team has put in to this amended merger agreement with
Bendon.  We continue to work towards finalizing the registration
statement, which remains subject to the SEC's review, comment and
approval process.  We believe that these amendments to the Merger
Agreement provide additional benefits for both our stockholders and
the go-forward business."

Justin Davis-Rice, executive chairman of Bendon, commented, "We are
pleased to have finalized this amendment and remain committed to
completing the merger with Naked in due course.  By combining these
two companies, we expect to create a strong portfolio of innerwear,
sleepwear, and swimwear brands, which we anticipate will in turn
drive growth and strengthen our overall global industry position."

The Amended Merger Agreement, which has been approved by the board
of directors of both Naked and Bendon, is subject to approval by
Naked's stockholders and other customary closing conditions and
regulatory approvals, including the filing and effectiveness of a
registration statement with the Securities and Exchange Commission
and the listing of Holdco's ordinary shares on Nasdaq or the New
York Stock Exchange.

A full-text copy of the Amendment No. 2 to Agreement and Plan of
Reorganization is available for free at https://is.gd/rW1nSu

                     About Bendon Limited

Bendon Limited -- http://www.bendongroup.com-- is a global
intimate apparel and swimwear company renowned for its best in
category innovation in design, and technology and unwavering
commitment to premium quality products throughout its 70-year
history.  Bendon has a portfolio of 10 brands, including owned
brands Bendon, Bendon Man, Davenport, Evollove, Fayreform, Hickory,
Lovable (in Australia and New Zealand) and Pleasure State, as well
as licensed brands Heidi Klum Intimates and Swimwear, Stella
McCartney Lingerie and Swimwear and Frederick's of Hollywood
Intimates and Swimwear.

                     About Naked Brand Group

Madison, New York-based Naked Brand Group Inc. --
http://www.nakedbrands.com-- is an apparel and lifestyle brand
company that is currently focused on innerwear products for women
and men.  Under the Company's flagship brand name and registered
trademark "Naked", Naked Brand designs, manufactures and sells
men's and women's underwear, intimate apparel, loungewear and
sleepwear through retail partners and direct to consumer through
its online retail store http://www.wearnaked.com/ The Company has
a growing retail footprint for its innerwear products in premium
department and specialty stores and internet retailers in North
America, including accounts such as Nordstrom, Dillard's,
Bloomingdale's, Amazon.com, Soma.com, SaksFifthAvenue.com,
barenecessities.com and others.
  
Naked Brand reported a net loss of US$10.79 million for the year
ended Jan. 31, 2017, compared with a net loss of US$19.06 million
for the year ended Jan. 31, 2016.  As of Oct. 31, 2017, Naked Brand
had $4.87 million in total assets, $936,892 in total liabilities
and $3.94 million in total stockholders' equity.

BDO USA, LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended Jan.
31, 2017, stating that the Company incurred a net loss for the year
ended Jan. 31, 2017, and the Company expects to incur further
losses in the development of its business.  This condition raises
substantial doubt about the Company's ability to continue as a
going concern.


NASRIN OIL: Given Until March 30 to Exclusively File Plan
---------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida has extended the exclusivity period within
which Nasrin Oil Corp. may file a plan and disclosure statement, as
well as the deadline for filing a plan and disclosure statement to
March 30, 2018.

All other deadlines contained in the Court's Order Shortening Time
for Filing Proofs of Claim, Establishing Plan and Disclosure
Statement Filing Deadlines, and Addressing Related Matters will be
update in accordance with the March 30 deadline.

As reported by the Troubled Company Reporter on Feb. 5, 2018,
Nasrin asked the Court for a 90-day extension of the exclusivity
period to file a Plan of Reorganization and file a Disclosure
Statement and related deadlines, through and including May 1,
2018.

Nasrin claimed that there are presently open and pending issues
that must be resolved prior to the formulation of a Plan and
Disclosure Statement, including and relating to adequate protection
payments. In addition to these unresolved issues, Nasrin's
president is currently out and of the country and cannot settle
these outstanding matters until he returns, thus requiring
additional time for Nasrin to discuss and negotiate with its
creditors.

Nasrin said that it has been making good faith progress towards
reorganization; it has been managing its assets and preserving the
Estate's value; there is no intent to seek an extension of
exclusivity to pressure any creditor into accepting a plan, but
rather are seeking the extension in order to allow pending
negotiations and other issues to be resolved which will,
ultimately, impact the form and substance of its Plan and
Disclosure Statement.

                      About Nasrin Oil Corp.

Nasrin Oil Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 17-22086) on Oct. 3,
2017.  In the petition signed by Mohammad K. Miah, its president,
the Debtor estimated assets of less than $50,000 and liabilities of
less than $500,000.  Judge Erik P. Kimball presides over the case.
Merrill P.A. is the Debtor's bankruptcy counsel.  An official
committee of unsecured creditors has not yet been appointed in the
Chapter 11 case.


NATURE'S DYNAMICS: Involuntary Chapter 11 Case Summary
------------------------------------------------------
Alleged Debtor: Nature's Dynamics Partners, LLC
                   fka Nature's Dynamics, LLC
                3802 Silver Star Rd.
                Orlando, FL 32808

Type of Business: Nature's Dynamics is a family-owned company that
                  develops 100% natural whole food gummy
                  supplements and probiotics to consumers.
                  Founded by Richard McPeak, the Company's
                  products are manufactured in a GMP certified
                  facility and produced in the United States.

                  http://www.naturesdynamics.com/natures-dynamics

Involuntary Chapter 11 Petition Date: February 22, 2018

Case Number: 18-00982

Court: United States Bankruptcy Court
       Middle District of Florida (Orlando)

Petitioners' Counsel: Edward J. Peterson, III, Esq.
                      STICHTER, RIEDEL, BLAIN & POSTLER, P.A.
                      110 East Madison Street, Suite 200
                      Tampa, FL 33602
                      Tel: (813) 229-0144
                      Fax: (813) 229-1811
                      E-mail: epeterson@srbp.com

Petitioners who signed the involuntary petition:

  Petitioners                  Nature of Claim  Claim Amount
  -----------                  ---------------  ------------
Atlas Retail Capital, LLC      Promissory Note      $312,333
3630 Peachtree Rd., #2407
Atlanta, GA 30326

Ethos Nature's Dynamics, LLC   Promissory Note      $303,333
106 Walden Square Way
Decatur, GA 30030

Jeff Williams                  Promissory Note      $118,000
106 Walden Square Way
Decatur, GA 30030

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

          http://bankrupt.com/misc/flmb18-00982.pdf


NEUSTAR INC: Repricing Deal No Impact on Moody's 'B1' CFR
---------------------------------------------------------
Moody's Investors Service said the B1 corporate family rating (CFR)
of Neustar, Inc. is unchanged following its anticipated repricing
transaction. The leverage neutral deal shifts at least 50% of the
balance of its Term Loan B-1 to the Term Loan B-2 and lowers the
applicable interest rate on both tranches of debt. As a result of
the transaction, the pace of debt reduction will moderate as a
portion of the liability shifts to the B-2 tranche, amortizing at
1% annually, from the B-1 tranche which amortizes at 40% annually.
Although the company will have incremental cash to potentially
invest in the business, the reduced debt amortization is credit
negative. When the high margin Number Portability Administration
Center (NPAC) contract terminates likely later this year, EBITDA
will fall significantly and as expected per Moody's current
ratings. However, this transaction exacerbates the rise in leverage
following that contract termination and will push 2018 leverage
close to Moody's limit for the B1 rating. Over the next several
quarters, Moody's expect the company to make full use of the cash
generated by NPAC services in the interim, as well as the
incremental cash resulting from this favorable repricing, to
mitigate the negative implications of this transaction. All other
ratings and Neustar's stable outlook are also unchanged.

Neustar's B1 CFR reflects its strong free cash flow profile driven
by strong margins and low capital intensity. Neustar is well
positioned to capitalize on growth in its Information Services
segment, which helps businesses with targeted analytics, telecom
addressing, and internet addressing solutions. The business has a
stable recurring revenue model which is supported by average
contract lengths of approximately three years. Neustar has
aggressively pursued a business transformation over the past
several years in order to accelerate revenue growth, both
organically and through acquisitions. The 2015 acquisitions of
MarketShare and the caller authentication assets from TNS Inc. (B2,
stable) better positioned the company to take advantage of the high
growth market verticals in which it operates. Neustar's proprietary
and hard-to-replicate datasets further buttress the company's
integrated value proposition, allowing it to create high barriers
to entry and maintain competitive advantage.

The rating is constrained by the high debt/EBITDA leverage of above
4.5x (Moody's estimate for 2019 pro forma for the announced
transaction and including Moody's standard adjustments) and Moody's
expectation of an aggressive financial policy given its new private
equity ownership structure. In addition, the B1 rating captures
Neustar's relatively small scale relative to larger companies
across the industries in which it competes.

Moody's could upgrade Neustar's B1 rating if leverage is sustained
below 3.5x (Moody's adjusted) and if free cash flow is at least 10%
of Moody's adjusted debt. The rating could be downgraded if
leverage is sustained above 4.5x (Moody's adjusted) or if cash flow
deteriorates such that free cash flow is less than 5% of Moody's
adjusted debt. In addition, the rating could be downgraded if the
company issues debt to return cash to shareholders or if there is
deterioration of Neustar's market position irrespective of its
credit metrics.


OCEAN BIDCO: Moody's Assigns B3 Corp. Family Rating; Outlook Stable
-------------------------------------------------------------------
Moody's Investors Service assigned Ocean Bidco, Inc. a B3 Corporate
Family Rating ("CFR"), B3-PD Probability of Default rating ("PDR")
and B3 rating to the proposed senior secured credit facilities. The
rating outlook is stable.

The proceeds of the new debt and equity from affiliates of ION
Investment Group ("ION") will be used to purchase OpenLink
International, Inc. for approximately $800 million, repay existing
indebtedness and pay transaction-related fees and expenses. Ocean
Bidco, Inc. will be merged into OpenLink International, Inc., with
OpenLink International, Inc. continuing as the surviving entity and
borrower post-closing.

Moody's assigned the following to Ocean Bidco, Inc.:

-- Corporate Family Rating, at B3

-- Probability of Default Rating, at B3-PD

-- Senior Secured Revolver due 2023, at B3 (LGD3)

-- Senior Secured Term Loans due 2025, at B3 (LGD3)

-- Outlook is Stable

RATINGS RATIONALE

The B3 CFR reflects OpenLink's high pro forma financial leverage,
small revenue scale, narrow operating scope in a mature software
niche and modest free cash flow generation. OpenLink generates
about $265 million of revenue annually, which is small for the
software industry, and revenues have declined recently, driven by a
decline in non-recurring revenue sources including software license
sales. Moody's expects debt to EBITDA to be around 7.5 times
pro-forma for the transaction as of the latest twelve months ended
September 30, 2017. Moody's expects debt to EBITDA will decline
below 7 times over the next 12 to 18 months from debt repayment and
EBITDA expansion driven by cost reduction initiatives and modest
revenue growth. Moody's expects free cash flow to debt will be in
the low -single digits in 2018 but should rise as debt is reduced
and cost management initiatives are completed. That said, OpenLink
could seek debt-financed acquisitions or shareholder returns,
weighing on ratings upside.

All financial metrics cited reflect Moody's standard adjustments.
Moody's treats software costs capitalized by OpenLink as an
expense.

OpenLink has long standing relationships with a blue chip customer
base including major financial institutions and large energy
companies. The recurring nature of OpenLink's software maintenance
revenues and growth in software subscriptions provide rating
support. OpenLink's products give customers the ability to manage
all the detailed information required to analyze commodity risk,
trading, and operations, which are critical businesses functions
for them, driving the high client retention rates. Approximately
half of OpenLink's revenues are recurring and Moody's expects that
this proportion will increase as OpenLink transitions to a cloud
based subscription revenue model (SaaS) from one-time sales of
perpetual licenses over the next several years. Moody's expects the
market for OpenLink's products will remain stable as its products
are deeply entrenched in its customers' operations and financial
systems.

Moody's considers OpenLink's liquidity adequate. Free cash flow of
at least $15 million is expected as well as at least $10 million in
balance sheet cash. An undrawn $21 million revolver due 2023 is
subject to a maximum net leverage test if the revolver is drawn
more than $10 million, which is not expected. Moody's anticipates
the covenant would be well within limits if it were measured.
Mandatory term loan amortization of $16 million in the first year
and $26 million in each of the next four years should be covered
narrowly, based on Moody's expectations for free cash flow.

The B3 ratings on the revolver and term loans reflect the B3-PD PDR
and a Loss Given Default Assessment of LGD3. The secured debt is
positioned behind a small amount of priority trade claims and ahead
of all unsecured claims.

The stable ratings outlook reflects Moody's expectations for low
single digit revenue growth, free cash flow to debt in the low
single digits and adequate liquidity.

The ratings could be downgraded if client retention, subscription
pricing or revenues decline. The ratings could be downgraded if
debt to EBITDA is expected to remain above 7 times, OpenLink
generates zero free cash flow or liquidity deteriorates.

The ratings could be upgraded if revenue growth, profit expansion
and debt reduction lead us to anticipate debt to EBITDA will remain
below 6 times and free cash flow to debt will be sustained above
5%. Anticipation of conservative financial policies and good
liquidity would also be important factors for an upgrade.

The principal methodology used in these ratings was Software
Industry published in December 2015.

OpenLink is a provider of energy and commodity trading and risk
management (ETRM) software. Moody's expects 2018 revenues of over
$250 million.


ON CALL FLAGGING: Court Grants S. Rummel Summary Judgment
---------------------------------------------------------
In the case captioned LABORERS' COMBINED FUNDS OF WESTERN
PENNSYLVANIA, et. al, Plaintiff, v. KATHLEEN JENNINGS, SHERI
RUMMEL, and JAMES REDDEN, Defendants, Civil Action No. 2:15-1693
(W.D. Pa.), District Judge Kim R. Gibson grants the motion for
summary judgment filed by Plaintiff Laborers' Combined Funds of
Western Pennsylvania, et al., and also grants the motion for
summary judgment filed by Defendant Sheri Rummel.

This dispute arises from a construction company's failure to remit
salary withholdings back to the Funds as required under governing
collective-bargaining agreements ("CBAs") and Trust Agreements.

On March 3, 2017, the Funds filed their Amended Complaint against
Kathleen Jennings, Sheri Rummel, and James Redden, former employees
of On Call Flagging, Inc., a construction company that signed a
labor agreement with the Union Plaintiffs that required On Call to
remit employee benefit contributions to the Funds. The Funds'
Amended Complaint contains two counts against each defendant: one
count for breach of fiduciary duty under ERISA and one count for
common-law conversion.

The Court finds that the unpaid benefit contributions became "plan
assets" once they became "due and owing." The Court further finds
that Defendant Jennings was a "fiduciary" under ERISA. Thus, the
Court finds that no reasonable jury could find that Jennings did
not breach her fiduciary duties to the Funds. Therefore, the Court
grants summary judgment on the Funds' breach of fiduciary claim
against Defendant Jennings.

The Court also grant summary judgment for the Funds on their
conversion claim. It is undisputed that Jennings was the sole
shareholder and President of On Call and "exercised discretionary
authority and control" over On Call's finances. It is also
undisputed that Jennings was obligated under the CBAs and Trust
Agreements to remit benefit contributions back to the Funds but
that Jennings failed to do so.  Accordingly, the Court finds that
no reasonable jury could find that Jennings did not deprive the
Funds of their property interest in the benefit contributions once
they became "due and owing." Therefore, the Court grants summary
judgment to the Funds on their conversion claim against Jennings.

Regarding Rummel's motion for summary judgment, the Court finds
that Rummel was not a fiduciary under ERISA as a matter of law. It
is undisputed that Rummel did not have discretionary authority to
issue fringe benefit checks to the Funds. Rummel merely prepared
the reports. While Rummel co-signed the checks, Jennings had the
sole authority to issue them. Accordingly, the Court finds that no
reasonable jury could conclude that Rummel was a fiduciary within
the meaning of ERISA. Therefore, the Court grants summary judgment
for Rummel on the Funds' ERISA claim against her.

As noted, it is undisputed that Rummel did not have discretionary
authority to issue benefit checks to the Funds. Furthermore, On
Call paid the Funds all of the required employee benefit
contributions during Rummel's employment with On Call. Therefore,
the Court finds that no reasonable jury could conclude that Rummel
interfered with the Funds' possessory interest in the employee
benefit contributions. Therefore, the Court grants summary judgment
in favor of Rummel on the Funds' conversion claim against her.

A full-text copy of Judge Gibson's Memorandum Opinion dated Feb. 9,
2018 is available at https://is.gd/EN0QvM from Leagle.com.

LABORERS' COMBINED FUNDS OF WESTERN PENNSYLVANIA, as agent for
Philip Ameris, and Paul V. Scabilloni, trustees ad litem, Laborers'
District Council of Western Pennsylvania Welfare and Pension Funds,
Western Pennsylvania Heavy & Highway Construction Advancement Fund,
the Laborers-Employers Benefit, Plaintiff, represented by Jeffrey
J. Leech -- jleech@tuckerlaw.com -- Tucker Arensberg, Neil J.
Gregorio -- ngregorio@tuckerlaw.com -- Tucker Arensberg & William
P. Lewis -- wlewis@tuckerlaw.com -- Tucker Arensberg, PC.

KATHLEEN JENNINGS, Defendant, represented by Sally A. Frick --
sfrick@dmclaw.com -- & Timothy J. Sloan, Sloan Law Office, P.C.

SHERI A. RUMMEL, Defendant, represented by John David Newborg.

                    About On Call Flagging

On Call Flagging, Inc., based in Belsano, PA, filed a Chapter 11
petition (Bankr. M.D. Pa. Case No. 16-70758) on Nov. 2, 2016.  The
petition was signed by Kathleen Jennings, president.  The Debtor
estimated $1 million to $10 million in assets and liabilities.

Judge Jeffery A. Deller presides over the case.  

James R. Walsh, at Spence Custer Saylor Wolfe & Rose, LLC, serves
as bankruptcy counsel to the Debtor.

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


OPENLINK INTERNATIONAL: S&P Assigns 'B-' CCR, Outlook Stable
------------------------------------------------------------
Ion Investment Group has agreed to purchase a majority stake in
U.S. energy and commodity trading and risk management software
provider OpenLink International Holdings Inc. The company will
refinance its entire debt load with a $520 million first-lien term
loan and a $21 million revolving credit facility.

S&P Global Ratings assigned a 'B-' corporate credit rating to New
York City-based OpenLink International Holdings Inc. The outlook is
stable.

S&P said, "At the same time, we assigned a 'B-' issue-level rating
and '3' recovery rating to OpenLink's new first-lien term loan
maturing March 2025 and revolver due March 2023. The '3' recovery
rating indicates our expectation for meaningful (50%-70%; rounded
estimate: 60%) recovery in the event of a payment default."

Ion Investment Group recently agreed to purchase a controlling
stake in OpenLink from Hellman & Friedman. To complete the
purchase, Ion will invest equity into the company and will issue a
credit facility consisting of a $520 million multi-currency tranche
first-lien term loan and a $21 million first-lien revolver. The
revolver will be subject to a 7x springing first-lien leverage
covenant if it is drawn at least $10 million.

S&P said, "The stable outlook reflects our view that despite
leverage remaining high, stable revenue over the coming year,
albeit seasonally concentrated in the fourth quarter, and new
financing that will extend maturities and reduce interest expense
will improve free cash flow to the $20 million to $25 million
range.

"We could lower the rating if unexpected declines in revenue or
failure to implement forecasted cost savings result in sustained
negative free cash flow generation, such that we expect the capital
structure would become unsustainable. We believe this could come
from an operational failure in OpenLink's recently-released public
cloud product solution leading existing and prospective customers
to seek services elsewhere, or inability to retain key customers
during its change of ownership and severe cost rationalization.

"We could raise the rating if the company is able to achieve
cost-cutting targets while maintaining stable revenue in order to
reduce and sustain leverage below 6x. This could be the result of
improved recurring revenue driven by upselling cloud services to
existing clients, as well as signing new clients onto OpenLink's
cloud product, thus improving overall revenue and earnings
stability."


PARAGON OFFSHORE: Inks Tender Offer Agreement with Borr Drilling
----------------------------------------------------------------
Paragon Offshore Limited on Feb. 22, 2018, disclosed that it has
signed a Tender Offer Agreement with Borr Drilling Limited
()Borr"), a public limited company incorporated under the laws of
Bermuda and listed on the Oslo Stock Exchange, pursuant to which,
on the terms and subject to the conditions thereof, Borr has agreed
to commence a tender offer to acquire all of the outstanding shares
of the company at a purchase price of $42.28 per Share.

Borr is expected to commence the Offer on February 26, 2018 and the
Offer will remain open for 20 business days (the "Offer Period").
The Offer Period is expected to expire at 12:01 A.M. Eastern Time
on March 24, 2018, unless extended () "Expiration Date").  The
transaction is expected to close on March 26, 2018, subject to the
satisfaction of the Offer conditions.  The members of the company
("Shareholders") will receive detailed information regarding the
terms of the Offer in an Offer to Purchase and related materials,
including a letter of transmittal and a disclosure statement to be
disseminated by Borr and Paragon on the date of commencement of the
Offer.

Jay Swent, Paragon's President and Chief Executive Officer, said,
"We believe this is an excellent outcome for Paragon's
stakeholders.  Although Paragon is well positioned to manage
through the cycles of the intensely competitive offshore drilling
industry, this opportunity minimizes the risk of the investment
outcome for our stakeholders at an attractive price.  I am proud of
our highly qualified and dedicated employees, our assets, and our
well-deserved reputation for operational excellence,
industry-leading safety and uptime performance, and customer
service, all of which are important value drivers in this
transaction."

Terms of the Tender Offer Agreement

Under terms of the Tender Offer Agreement, each Shareholder of
Paragon will receive, for each outstanding Share validly tendered
and not properly withdrawn in the Offer, subject to reduction for
any applicable withholding taxes in respect thereof, cash in an
amount equal to US $42.28 per Share.

The Offer will be subject to a number of conditions, including,
among other customary conditions, that (a) at least 3,361,763
Shares, representing at least 67% of the outstanding Shares have
been validly tendered and not withdrawn before the Expiration Date,
(b) that no material adverse change shall have occurred prior to
closing, and (c) the condition that Paragon shall have completed
all actions necessary to acquire ownership of certain Prospector
drilling rigs and legal entities currently subject to chapter 11
proceedings in the United States Bankruptcy Court in the District
of Delaware. The Offer is not subject to a financing condition.

In connection with, and as a condition to Borr's willingness to
enter into and perform its obligations under the Tender Offer
Agreement, Borr entered into individual tender support agreements
(each, a "Tender Support Agreement"), with certain Shareholders of
Paragon ()Tendering Shareholders").  Subject to the terms and
conditions of the Tender Support Agreements, the Tendering
Shareholders have agreed, among other things, to irrevocably tender
all of their Shares pursuant to the Offer.  The Tendering
Shareholders beneficially own, in the aggregate, 3,407,072 Shares,
representing approximately 67.9% of the total outstanding Shares as
of February 21, 2018.

Paragon does not anticipate that the transaction will have any
impact on shares of Paragon's Litigation Trust Agreement or the
ongoing litigation against Noble Corporation.  Paragon expects that
its term loan agreement will be repaid in full and terminated at
the closing of the transactions.  The Tender Offer Agreement does
not obligate Borr to conduct a back-end merger following such
closing.

Shareholders who tender their Shares in the Offer will also receive
from Borr cash in an amount equal to a pro rata portion of any
proceeds received by Paragon, on or before the day prior to the day
on which the Borr accepts for payment and pays for all Shares
tendered and not validly withdrawn, under an arbitration award
against a certain third party.

SinoEnergy Settlement

On February 15, 2018 Paragon Offshore plc (in administration) ("Old
Paragon") entered into a consensual settlement agreement
()Settlement Agreement") with SinoEnergy Capital Management, Ltd.
("SinoEnergy").  Under the terms of the Settlement Agreement,
SinoEnergy will be paid certain agreed amounts ()Settlement
Amounts") totaling approximately $135 million, representing the
outstanding principal balance on the existing sale-leaseback
arrangements with SinoEnergy, lease termination fees, expenses, and
a consent fee, in exchange for which SinoEnergy will cause
ownership of the two Prospector rigs to be transferred to Paragon.
Paragon expects to complete the Prospector bankruptcy court
proceedings as a part of and in connection with the Offer.

Advisors

Vinson & Elkins LLP is serving as legal advisor and Deutsche Bank
Securities Inc. is serving as financial advisor to Paragon.

           About Prospector Offshore and Paragon Offshore

Paragon Offshore Plc, and several affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10385 to
16-10410) on Feb. 14, 2016.  The Delaware Bankruptcy Court entered
an order on June 7, 2017, confirming the 2016 Debtors' Fifth Joint
Chapter 11 Plan of Reorganization.

Prospector Offshore Drilling S.a r.l. and three affiliates filed
separate Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos.
17-11572 to 17-11575) on July 20, 2017.  The affiliates are
Prospector Rig 1 Contracting Company S.a r.l.; Prospector Rig 5
Contracting Company S.a r.l.; and Paragon Offshore plc (in
administration).

The Hon. Christopher S. Sontchi presides over the cases.

The Debtors are represented by Gary T. Holtzer, Esq., and Stephen
A. Youngman, Esq., at Weil, Gotshal & Manges LLP, and Mark D.
Collins, Esq., Amanda R. Steele, Esq., and Joseph C. Barsalona II,
Esq., at Richards, Layton & Finger, P.A., as counsel.  The Debtors
hired as their financial advisors, Lazard Freres & Co. LLC; as
their restructuring advisor, AlixPartners, LLP; and as their
claims, noticing and solicitation agent, Kurtzman Carson
Consultants LLC.

In the petitions signed by Senior VIce President and CFO Lee M.
Ahlstrom, the Debtors estimated $1 billion to $10 billion in both
assets and liabilities.  

The Debtors' bankruptcy filing came two days after the Paragon
Offshore group completed its corporate and financial reorganization
on July 18, 2017.  The plan of reorganization under chapter 11 of
the U.S. Bankruptcy Code substantially de-levered Paragon
Offshore's ongoing business, eliminating approximately $2.3 billion
of secured and unsecured debt.



PARKWAY RADIOLOGY: May Use Cash Collateral Through May 31
---------------------------------------------------------
The Hon. Thomas J. Catliota of the U.S. Bankruptcy Court for the
District of Maryland authorized Parkway Radiology LLC, on an
interim basis, to use the cash collateral during the period from
Feb. 15, 2018 through and including May 31, 2018 but in the amounts
and for the purposes set forth in the budget.

The Debtor is required to provide to the Bank of Charles Town an
aging of the Debtor's outstanding accounts receivable due from
insurance carriers as of January 31, 2018. Each calendar month
commencing March 2018, the Debtor will prepare and deliver to the
Bank a report for the period ending as of the preceding month, of
actual receipts, expenditures, and ending cash compared to the
Budget, which will include a description of any expenditure in
excess of the amount provided for in the Budget and the reason
therefore.

The Debtor will also provide accounts receivable aging as of the
last day of the prior month and patient levels for the prior month
in accordance with the Motion. The Debtor agrees to provide
promptly to the Bank, through its counsel, such additional
information and documents as the Bank may reasonably request
including, but not limited to, financial statements, A/R reports,
copies of contracts, bank statements for the Debtor's
debtor-in-possession account, and any information that may be
forthcoming in connection with the marketing and potential sale of
the practice.

The Bank of Charles Town is granted a valid and perfected security
interest and replacement lien in all currently owned or hereafter
acquired property of the Debtor of any kind or nature, whether real
or personal to secure any collateral diminution to the same extent,
and in the same priority, as the Bank's lien on the Bank's
Collateral which the County and/or the State may assert is junior
to the County Tax Lien and/or the State Tax Lien and which the Bank
may assert is senior to the County Tax Lien and/or the State Tax
Lien.

The Bank of Charles Town will receive from the Debtor on the first
business day of each month adequate protection payments in the
amount of 75% of the amount, if any, by which the Debtor's receipts
in the prior month exceeded its disbursements in that month for
Bank's Adequate Protection Payments, which payments are agreed are
adequate protection payments to the Bank for the interim payments
due under the Note.

Moreover, the Bank's Adequate Protection Payments will constitute
allowed administrative expense claims under sections 503(b)(1),
507(a) and 507(b) of the Bankruptcy Code with priority in payment
over any and all (i) administrative expenses of the kinds specified
or ordered pursuant to any provision of the Bankruptcy Code, (ii)
the claims of any other secured creditors, and (iii) unsecured
claims.

A full-text copy of the Order is available at

           http://bankrupt.com/misc/mdb18-10737-74.pdf

                   About Parkway Radiology

Parkway Radiology LLC is a privately owned radiology center in
Washington County, Maryland. Parkway Radiology offers both the
Fonar Upright Multi-Position MRI and the 3.0 Tesla.

Parkway Radiology LLC, based in Hagerstown, MD, filed a Chapter 11
petition (Bankr. D. Md. Case No. 18-10737) on Jan. 18, 2018.  In
the petition signed by Dr. Ajay K. Goyal, managing member, the
Debtor estimated $0 to $50,000 in assets and $1 million to $10
million in liabilities.  The Hon. Lori S. Simpson presides over the
case.  Robert L. Kline, III, Esq., at Kline Law Group, serves as
bankruptcy counsel.


PATRIOT NATIONAL: Hudson Bay Objects to Claims Mediation Motion
---------------------------------------------------------------
BankruptcyData.com reported that Hudson Bay Master Fund filed with
the U.S. Bankruptcy Court an objection to Patriot National's motion
to compel mediation of claims against the Debtors' directors and
officers and to temporarily stay related litigation pending the
outcome of mediation.  The objection asserts, "In a transparent
attempt to stay any litigation that may result in non-debtor
plaintiffs recovering proceeds of the D&O Policies and/or assets of
non-debtors, and recognizing that this Court has held on numerous
occasions that there is no basis for staying such litigation, the
Debtors have sought to elevate their claims (if any) to the
proceeds of the D&O Policies under the guise of pursuing a
compelled global mediation that could result in an 'orderly
distribution of assets.'  Citing a relatively chaotic litigation
landscape, the Motion asks this Court to not only extend the
automatic stay to prohibit the continuation of a broad range of
distinct prepetition litigation between non-debtors, but to also
compel mediation of such prepetition litigation apparently both
between such non-debtors and the estate and between the various
nondebtor plaintiffs and defendants. Compelled mediation of
disputes between non-debtors, however, is both unwarranted and
impermissible.  Moreover, the Motion fails to articulate any
jurisdictional basis for this Court to compel mediation of disputes
between non-debtors that do not implicate property of the Debtors'
estates. The Motion also fails to mention that Hudson Bay, the
Debtors and certain of the non-debtor defendants have already
unsuccessfully attempted mediation, let alone offer an explanation
as to why a second attempt at such mediation might suddenly prove
successful."

                     About Patriot National

Fort Lauderdale, Florida-based Patriot National, Inc., also known
as Old Guard Risk Services, Inc., through its subsidiaries,
provides agency, underwriting and policyholder services to its
insurance carrier clients, primarily in the workers' compensation
sector.  Patriot National -- http://www.patnat.com/provides  
general agency services, technology outsourcing, software
solutions, specialty underwriting and policyholder services, claims
administration services and self-funded health plans to its
insurance carrier clients, employers and other clients. Patriot was
incorporated in Delaware in November 2013.  

The Company completed its initial public offering in January 2015
and its common stock is listed on the New York Stock Exchange under
the symbol "PN."

Patriot National, Inc., and affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 18-10189) on Jan. 30, 2018.  In the
petitions signed by CRO James S. Feltman, the Debtors disclosed
$159.4 million in total assets and $242.2 million in total debt as
of Dec. 31, 2017.

The Debtors have tapped Laura Davis Jones, Esq., James E. O'Neill,
Esq., and Peter J. Keane, Esq., at Pachulski Stang Ziehl & Jones
LLP and Kathryn A. Coleman, Esq., Christopher Gartman, Esq., and
Jacob Gartman, Esq., at Hughes Hubbard & Reed LLP as bankruptcy
Counsel; Pachulski Stang Ziehl & Jones LLP as co-counsel and
conflicts counsel; Duff & Phelps, LLC, as financial advisor; and
Conway Mackenzie Management Services, LLC, as provider of EVP of
Finance and related advisory services.  Prime Clerk LLC --
https://cases.primeclerk.com/patnat -- is the Debtors' claims,
noticing and balloting agent.

James S. Feltman of Duff & Phelps, LLC, has been tapped as chief
restructuring officer to the Debtors.

The Office of the U.S. Trustee has named two creditors -- Jessica
Barad and MCMC LLC -- to serve on the official committee of
unsecured creditors in the Debtors' cases.


PHASERX INC: Incurs $821,526 Net Loss in January
------------------------------------------------
BankruptcyData.com reporte dthat PhaseRx Inc. filed with the U.S.
Bankruptcy Court a monthly operating report for January 2018. For
the month, the Debtors reported a net loss of $821,526 and paid
$821,608 in total operating expenses. Cash at the beginning of
January 2018 was $1 million and $942,575 at month's end.

                      About PhaseRx, Inc.

Based in Seattle, Washington, PhaseRx -- http://phaserx.com--  
operates as a biopharmaceutical company that develops a portfolio
of mRNA products to correct inherited, life-threatening liver
diseases in children.  The company was founded by Robert W.
Overell, Ph.D. in 2006.

PhaseRx filed a Chapter 11 petition (Bankr. D. Del. Case No.
17-12890) on December 11, 2017. The petition was signed by Robert
W. Overell, Ph.D., president and CEO.  As of Sept. 30, 2017, the
Debtor disclosed $4.10 million in assets and $5.60 million in
liabilities.

Judge Christopher S. Sontchi presides over the case.

Christopher A. Ward, Esq. and Shanti M. Katona, Esq., at Polsinelli
PC, serve as counsel to the Debtor.  Cowen and Company, LLC is the
Debtor's investment banker. Donlin, Recano & Company, Inc. stands
as the Debtor's claims and noticing agent.


PNEUMA INTERNATIONAL: March 27 Disclosure Statement Hearing Set
---------------------------------------------------------------
Pneuma International, Inc., submitted to the U.S. Bankruptcy Court
for the Northern District of California a disclosure statement
describing its Plan of Reorganization.

A hearing on the final approval of the Disclosure Statement will be
held on March 27, 2018 at 1:30 p.m.  Objections to the Disclosure
Statement must be filed and served by March 20.

Under the Plan, the general unsecured creditors are classified as
Class 3. This class is impaired by the Plan.  Class 3 claimants
will receive $161,424 in payments of $2,690 per months over 60
months commencing on the third month after the Effective Date of
the Plan, which will distributed pro-rata in the same ratio as the
amount of an allowed claimant's claim to the amount of the total
allowed Class 3 claims.

Payments and distributions under the Plan will be funded by the
Debtor's ongoing business and sales and operating profits.

Deadline for voting to accept or reject the Plan is on March 20,
2018.

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

          http://bankrupt.com/misc/canb17-42149-73.pdf  

                  About Pneuma International

Pneuma International, Inc., doing business as EGPAK, is a
manufacturer of coated and laminated packaging paper based in
Hayward, California.  EGPAK filed a Chapter 11 petition (Bankr.
N.D. Cal. Case No. 17-42149) on Aug. 25, 2017.  In the petition
signed by Mikahel Chang, principal, the Debtor estimated $100,000
to $500,000 in assets and $1 million to $10 million in liabilities.
Judge Roger L. Efremsky is the case judge.  Nancy Weng, Esq. at
Tsao-Wu & Yee, LLP, is the Debtor's counsel.


POSTO 9 LAKELAND: Has Until Feb. 28 to Exclusively File Plan
------------------------------------------------------------
The Hon. Michael G. Williamson of the U.S. Bankruptcy Court for the
Middle District of Florida, has extended for the second time the
exclusive period during which only Posto 9 Lakeland, LLC, and Posto
9 Properties, LLC, can file a plan of reorganization through and
including Feb. 28, 2018.

The Debtors' plan filing deadline is also extended to Feb. 28,
2018.

Provided the Debtors timely file their Chapter 11 plan, the
exclusive solicitation period will be extended through and
including the conclusion of the confirmation hearing to be
scheduled by the Court.

As reported by the Troubled Company Reporter on Jan. 19, 2018, the
Court previously extended the Debtors' exclusive plan filing
deadline through and including Feb. 21, 2018.

                     About Posto 9 Lakeland

Posto 9 Lakeland, LLC, is a privately held company that operates a
Brazilian restaurant at 215 East Main Street Lakeland, Florida
33801, Polk County.

Posto 9 Properties listed its business as a single asset real
estate (as defined in 11 U.S.C. Section 101(51B)).  It owns in fee
simple interest a real property located at 215 East Main Street,
Lakeland, Florida 33801 valued at $2.39 million.

Posto 9 Lakeland, LLC (Bankr. M.D. Fla. Case No. 17-07887) and
affiliate Posto 9 Properties, LLC (Bankr. M.D. Fla. Case No.
17-07890) filed Chapter 11 bankruptcy petitions on Sept. 6, 2017.

In the petitions signed by Marco Franca, manager, Posto 9 Lakeland
listed $1,210,000 in total assets and $4,850,000 in total
liabilities, and Posto 9 Properties listed $2,410,000 in total
assets and $3,800,000 in total liabilities.

Judge Michael G. Williamson presides over the case.

Eric D. Jacobs, Esq., and David S. Jennis, Esq., at Jennis Law
Firm, serve as the Debtors' bankruptcy counsel.


POSTO 9 LAKELAND: Wants to Move Plan Filing Deadline to Feb. 28
---------------------------------------------------------------
Posto 9 Lakeland, LLC and Posto 9 Properties, LLC, ask the U.S.
Bankruptcy Court for the Middle District of Florida for further
extension of the Exclusive Plan Filing Deadline and the Plan Filing
Deadline through Feb. 28, 2018, as well as Exclusive Solicitation
Period through and including the conclusion of the confirmation
hearing to be scheduled by the Court.

The Debtors, CenterState Bank, N.A., the largest secured creditor,
and the personal guarantors of the CenterState loans attended
mediation on Feb. 14, 2018. During the mediation the Parties
entered into a settlement.

Now that the Debtors have reached a settlement with CenterState
Bank, and due to the complex nature of the transactions
contemplated in the settlement, the Debtors require an additional
week to complete and finalize the terms of the plan and disclosure
statement.

                   About Posto 9 Lakeland

Posto 9 Lakeland, LLC, is a privately held company that operates a
Brazilian restaurant at 215 East Main Street Lakeland, Florida
33801, Polk County.

Posto 9 Properties listed its business as a single asset real
estate (as defined in 11 U.S.C. Section 101(51B)).  It owns in fee
simple interest a real property located at 215 East Main Street,
Lakeland, Florida 33801 valued at $2.39 million.

Posto 9 Lakeland, LLC (Bankr. M.D. Fla. Case No. 17-07887) and
affiliate Posto 9 Properties, LLC (Bankr. M.D. Fla. Case No.
17-07890) filed Chapter 11 bankruptcy petitions on Sept. 6, 2017.

In the petitions signed by Marco Franca, the manager, Posto 9
Lakeland listed $1,210,000 in total assets and $4,850,000 in total
liabilities, and Posto 9 Properties listed $2,410,000 in total
assets and $3,800,000 in total liabilities.

Judge Michael G. Williamson presides over the cases.

Eric D Jacobs, Esq., and David S. Jennis, Esq., at Jennis Law Firm,
serve as the Debtors' bankruptcy counsel.


QUOTIENT LIMITED: Names Former Siemens Healthineers Exec. to Board
------------------------------------------------------------------
Quotient Limited has appointed Franz Walt to its Board of Directors
effective as of Feb. 19, 2018.  Mr. Walt will also serve on the
Board's Audit Committee and Strategy and Regulatory Committee.

Mr. Walt, 58, served as president of Siemens Healthineers
Laboratory Diagnostics, the laboratory diagnostics provider within
the healthcare division of Siemens AG, the German based
conglomerate, from March 2014 to December 2017.  From January 2012
to February 2014, Mr. Walt was the senior vice president and head
of Siemen Healthineers' Diagnostic Division North America.  Prior
to joining Siemens Healthineers, from June 1989 to November 2011,
Mr. Walt served in various capacities at F. Hoffman-La Roche Ltd.,
a Swiss based healthcare company that develops diagnostics and
therapeutic products, including as Geschaftsfuhrer (CEO) of Roche
Diagnostics GmbH in Mannheim from January 2007 to November 2011,
and as a board member of the Roche Diagnostic Executive Committee
(DiaEC), from November 1998 to December 2006.  During his time as a
board member of the DiaEC, Mr. Walt served, among other capacities,
as president and Consejero Delegado (CEO) of Roche Diagnostics
Spain and regional president for the LATAM Region from October 2004
to December 2006, and as managing director of Roche Diagnostics
Asia Pacific Pte Ltd. and regional president for the APAC Region
from November 1998 to September 2004.  Mr. Walt holds undergraduate
degrees in management from the IMAKA Institute of Management in
Zurich, and in marketing from the Swiss Institute of Economics in
Zurich, and an MBA from City University of Seattle.

In connection with his appointment, on Feb. 19, 2018, Mr. Walt
received share options to purchase 22,676 of the Company's ordinary
shares at an exercise price of $4.41, which is the closing price of
the Company's ordinary shares on Feb. 16, 2018. The share options
will vest and become exercisable in three equal annual installments
beginning Feb. 19, 2019.  In connection with his service on the
Board, the Audit Committee and the Strategy and Regulatory
Committee, Mr. Walt will receive a cash retainer and have business
expenses reimbursed, if any, that its non-employee directors that
are unaffiliated with its significant shareholders are eligible to
receive and have reimbursed under its director compensation
program, as described in its definitive proxy statement.  Mr. Walt
has also entered into an indemnification agreement and a letter of
appointment with the Company.

                      About Quotient Limited

Penicuik, United Kingdom-based Quotient Limited --
http://www.quotientbd.com/-- develops, manufactures and sells
products for the global transfusion diagnostics market.  Products
manufactured by the Group are sold to hospitals, blood banking
operations and other diagnostics companies worldwide.  Quotient
Limited completed an initial public offering for its ordinary
shares on April 30, 2014 pursuant to which it issued 5,000,000
units each consisting of one ordinary share, no par value and one
warrant to purchase 0.8 of one ordinary share at an exercise price
of $8.80 per whole ordinary share, raising $40 million of new
equity share capital before issuing expenses.

Quotient Limited reported a net loss of US$85.06 million on
US$22.22 million of total revenue for the year ended March 31,
2017, compared to a net loss of US$33.87 million on US$18.52
million of total revenue for the year ended March 31, 2016.

As of Dec. 31, 2017, the Company had $137.78 million in total
assets, $133.96 million in total liabilities and $3.82 million in
total shareholders' equity.

Ernst & Young LLP, in Belfast, United Kingdom, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended March 31, 2017, citing that the
Company has recurring losses from operations and planned
expenditure exceeding available funding that raise substantial
doubt about its ability to continue as a going concern.


QUOTIENT LIMITED: Will Sell Its Biocampus Facility for GBP14.9M
---------------------------------------------------------------
Quotient Limited, through its direct subsidiary Quotient Biocampus
Limited, entered into a binding principal offer with Roslin Assets
Limited, pursuant to which the Company agreed to sell its recently
completed Biocampus facility located near Edinburgh, Scotland to
Roslin in a sale and leaseback transaction.

The Principal Offer includes forms of agreements that the parties
have agreed to enter into, including (i) a Minute of Variation of
Lease pursuant to which Alba Bioscience Limited, a subsidiary of
Quotient Limited, will lease the property from Roslin, (ii) a
Guarantee Agreement pursuant to which Quotient Limited and Quotient
Suisse SA will guarantee the obligations of Alba as tenant, (iii) a
Disposition Agreement pursuant to which the Company will sell
Biocampus to Roslin, and (iv) a Rent Deposit Agreement pursuant to
which Alba will make an initial deposit of its rent in the amount
of GBP3.6 million.

Under the terms of the Disposition Agreement, the Company will
receive approximately GBP14.95 million, or $20.9 million, of gross
proceeds from the sale of Biocampus.  After deducting the GBP3.6
million, or $5.0 million, rental deposit required under Rent
Deposit Agreement and other transaction costs, the Company will
receive approximately GBP10.9 million, or $15.3 million, in net
proceeds, which the Company intends to use for working capital
purposes.  Pursuant to the terms of the Rent Deposit Agreement,
GBP2.4 million, of the rent deposit will be released on the date on
which the Company's audited financial statements present annual
EBITDA from product sales of $25 million for two consecutive years.
The Lease Agreement will have an initial term of 35 years and an
initial annual rent of GBP1.2 million, which will be subject to
annual 3.0% increases from Sept. 30, 2018 through September 2027.
There will then be a fixed annual rent of GBP1.6 million from
October 2027 through September 2032.  Beginning September 2032 and
each fifth year thereafter, the annual rent will be reviewed and
will be subject to adjustment based on the consumer price index and
other factors.

The parties expect to enter into the Agreements and to close the
Sale and Leaseback on or about March 16, 2018.

                      About Quotient Limited

Penicuik, United Kingdom-based Quotient Limited --
http://www.quotientbd.com/-- develops, manufactures and sells
products for the global transfusion diagnostics market.  Products
manufactured by the Group are sold to hospitals, blood banking
operations and other diagnostics companies worldwide.  Quotient
Limited completed an initial public offering for its ordinary
shares on April 30, 2014 pursuant to which it issued 5,000,000
units each consisting of one ordinary share, no par value and one
warrant to purchase 0.8 of one ordinary share at an exercise price
of $8.80 per whole ordinary share, raising $40 million of new
equity share capital before issuing expenses.

Quotient Limited reported a net loss of US$85.06 million on
US$22.22 million of total revenue for the year ended March 31,
2017, compared to a net loss of US$33.87 million on US$18.52
million of total revenue for the year ended March 31, 2016.

As of Dec. 31, 2017, the Company had $137.78 million in total
assets, $133.96 million in total liabilities and $3.82 million in
total shareholders' equity.

Ernst & Young LLP, in Belfast, United Kingdom, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended March 31, 2017, citing that the
Company has recurring losses from operations and planned
expenditure exceeding available funding that raise substantial
doubt about its ability to continue as a going concern.


RAND LOGISTICS: Creditors to Get 100% Under Prepackaged Plan
------------------------------------------------------------
Rand Logistics, Inc. certain of its subsidiaries filed with the
U.S. Bankruptcy Court for the District of Delaware a disclosure
statement for their Joint Prepackaged Chapter 11 Plan of
Reorganization.

The Plan has been extensively negotiated with and has the support
of the agent and sole lender under the Second Lien Credit
Agreement, Lightship Capital LLC.

The Debtors are pleased to report that after extensive, good-faith
and arm's-length negotiations with Lightship Capital, the Plan
embodies a settlement among the Debtors and their key stakeholders
on a consensual deleveraging transaction which provides for the
implementation of a restructuring through an expedited chapter 11
process.

The key terms of the Plan include, without limitation, the
following:

   (a) Payment in full, in the ordinary course of business, or
reinstatement of allowed Class 5 General Unsecured Claims,
including those held by trade vendors, suppliers and customers;

   (b) Payment in full, in cash, of all Allowed Administrative
Claims, Allowed Professional Fee Claims, Allowed Priority Tax
Claims, Allowed Statutory Fee Claims, Allowed DIP Claims, Allowed
Other Priority Claims and Allowed Other Secured Claims;

   (c) Payment in full, in Cash, of all Allowed First Lien Claims;

   (d) Conversion of Allowed Second Lien Claims into 100% of the
New Common Stock, subject to dilution on account of the Equity
Incentive Program, resulting in the elimination of approximately
$92 million of debt;

   (e) Cancellation of the Existing Preferred Shares and the
Existing Common Shares;

   (f) Entry into the Exit Facility Credit Agreement to ensure
adequate liquidity at exit; and

   (g) Prompt emergence from the Chapter 11 Cases.

Overall, the Plan is designed to augment the Debtors' liquidity,
continue the Debtors' operations with minimal disruption, preserve
the going-concern value of the Debtors' business, maximize
recoveries for stakeholders and protect the jobs of the Debtors'
employees.

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

            http://bankrupt.com/misc/deb18-10175-14.pdf

                      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).


In the petitions signed by CFO Mark S. Hiltwein, 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 engaged 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.


RAND LOGISTICS: US Trustee, et al., Object to Plan Disclosures
--------------------------------------------------------------
BankruptcyData.com reported that the U.S. Trustee assigned to the
Rand Logistics case and the U.S. Attorney's Office filed with the
U.S. Bankruptcy Court separate objections to the Company's Joint
Prepackaged Chapter 11 Plan of Reorganization and related
Disclosure Statement.  The U.S. Trustee asserts, "In determining
whether to confirm the Plan, the Court faces two issues.  First: A
plan must divide creditors into classes, describe each class's
treatment, and permit impaired classes to vote.  Under the Debtors'
plan, general unsecured creditors' claims 'pass through' as though
the bankruptcy cases were never filed.  General unsecured creditors
cannot vote on the Plan, because their claims are classified as
unimpaired.  But the Plan's releases, injunctions, exculpations,
and asset vesting provisions apply immediately.  Does this
treatment impair general unsecured creditors' claims such that the
Debtors' plan solicitation was improper?  Yes.  Forcing creditors
to give releases, enjoining them from taking action, limiting the
for a in which they can pursue claims, curtailing rights otherwise
available under state law (like interest, setoff, recoupment, and
the right to amend claims because of later-discovered evidence) and
vesting property out of their reach impairs their claims.  But
because the Plan treats these claims as unimpaired, these creditors
did not have the opportunity to vote, and in some cases may not
even know about the Debtors' bankruptcy cases.  Unless the Debtors
amend the Plan so that these creditors' rights are unimpaired until
their claims are fully satisfied, the Debtors' solicitation was
improper and their Plan is un-confirmable.  Second: Releases may
only be granted if they are allowed under the law, reasonable, and
in the best interests of the bankruptcy estates. The Plan acts to
release unknown, future, and undiscoverable claims.  The Plan's
released parties include a broad swath of related persons and
entities.  The releases act to release not only the claims of the
Debtors (who themselves have consented and are aware), but those of
their creditors and shareholders, who have not. Are these releases
permissible and reasonable?  No.  Releases like the ones contained
in the Plan are only appropriate (if they can be granted at all) if
the released parties demonstrate that they have all provided
consideration and all releasing parties have knowledge of and an
opportunity to object to the releases."

As previously reported by The Troubled Company Reporter, the
Delaware bankruptcy court will convene a hearing on Feb. 27 to
consider adequacy of the Disclosure Statement explaining the
prepackaged Chapter 11 plan of Rand Logistics, Inc., et al.

                     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).


In the petitions signed by CFO Mark S. Hiltwein, 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 engaged 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.


REDEEMED CHR. CHURCH: Case Summary & 6 Unsecured Creditors
----------------------------------------------------------
Debtor: Redeemed Chr. Church of God Rvr. Of Life
           dba The Redeemed Christian Church of God
        5617 54th Avenue
        Riverdale, MD 20737

Business Description: Redeemed Chr. Church of God Rvr. Of Life is
                      a tax-exempt religous entity (as described
                      in 26 U.S.C. Section 501).

Chapter 11 Petition Date: February 22, 2018

Court: United States Bankruptcy Court
       District of Maryland (Greenbelt)

Case No.: 18-12290

Judge: Hon. Wendelin I. Lipp

Debtor's Counsel: Steven H. Greenfeld, Esq.
                  COHEN, BALDINGER & GREENFELD, LLC
                  2600 Tower Oaks Blvd., Suite 103
                  Rockville, MD 20852
                  Tel: (301) 881-8300
                  Fax: (301) 881-8350
                  Email: steveng@cohenbaldinger.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Pastor Oluwagbemiga Adekunle, director.

A copy of the Debtor's list of six unsecured creditors is available
for free at:

      http://bankrupt.com/misc/mdb18-12290_creditors.pdf

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

           http://bankrupt.com/misc/mdb18-12290.pdf


REMARKABLE HEALTHCARE: Seeks Permission to Access Cash Collateral
-----------------------------------------------------------------
Remarkable Healthcare of Carrollton, LP, and its affiliated debtors
file with the U.S. Bankruptcy Court for the Eastern District of
Texas an Emergency Motion seeking authority to use cash collateral
to operate their businesses after the Petition Date and until
confirmation.

The Remarkable Debtors have not been able, in the ordinary course
of business or otherwise, to obtain unsecured credit under Section
364(a) or 503(b)(1) of the Code or obtain alternative financing
under more favorable terms under Section 364. As such, the
Remarkable Debtors must use cash collateral to pay necessary to
maintain operations of the businesses, utilities, or other overhead
and expenses required for the maximization of the value of their
assets through the bankruptcy process for the benefit of their
estates and creditors.

The Remarkable Debtors believe that these Secured Creditors are the
only claimants that have an interest in the cash collateral:

      (a) Comerica Bank, which asserts that the Remarkable Debtors
are indebted approximately as follows: (i) $2,969,071 borrowed
against a $3,000,000 revolving line of credit; (ii) $509,512.56
remaining due under a $800,000 Small Business Agreement Note; and
(iii) $605,686.34 remaining due under a $800,000 Small Business
Administration Note;

      (b) Montgomery Capital Partners, claiming that the Remarkable
Debtors still owed it approximately $434,512 remaining due under a
$650,000 Note Purchase Agreement.

      (c) Southern Dallas and/or PeopleFund, which asserts that
$60,709 remains due under a $250,000 Term Loan.

As adequate protection for the use of cash collateral, the
Remarkable Debtors request that the Court grant the Secured
Creditors, effective on and after the effective date of the interim
order, the following protections:

      (a) The Remarkable Debtors will submit to the Secured
Creditors copies of all monthly reports required to be made to the
U.S. Trustee, all filings made by the Remarkable Debtors with the
Court, and all notices of hearings in this Reorganization Cases.

      (b) The Remarkable Debtors will maintain their
Debtor-in-Possession Accounts in accordance with the orders of the
Court applicable thereto and/or in accordance with the regulations
of the Office of the U.S. Trustee.

      (c) The Remarkable Debtors will give the Secured Creditors
proof of insurance coverage and maintain same on the tangible
portions of the Collateral.

      (d) The Remarkable Debtors intend to stay current on all
post-petition tax obligations.

      (e) The Secured Creditors will be granted a general and
continuing lien upon and security interest in and to all of the
Remarkable Debtors' right, title, and interests in, to, and against
the Secured Creditors' collateral, acquired by the Remarkable
Debtors after the Petition Date. Such replacement liens will be
granted only to the extent necessary to replenish the diminution in
value as of the Petition Date of the Secured Creditors'
pre-petition liens and security interest and will not exceed the
amount, priority, validity, perfection or enforceability of the
Secured Creditors' lien position and rights as of the Petition
Date. The replacement liens will not attach to avoidance actions or
other actions under Chapter 5 of the Bankruptcy Code or any
proceeds or recoveries therefrom.

A full-text copy of the Debtor's Emergency Motion is available at

            http://bankrupt.com/misc/txeb18-40295-12.pdf

                    About Remarkable Healthcare

Remarkable Healthcare operates skilled nursing facilities in
Dallas, Fort Worth, Prestonwood and Seguin, Texas.  All Remarkable
facilities are designed to meet the needs of patients requiring
post-acute recovery and therapy or residents needing a longer-term
stay.  Services are tailored to each individual with the goal of
facilitating increased strength and mobility while minimizing pain
and impairment.  Remarkable's programs are designed to help
patients recover quickly from surgery, injury, or serious illness
and speed up the recovery process.

Remarkable Healthcare of Carrollton, LP and affiliates Remarkable
Healthcare of Dallas, LP, Remarkable Healthcare of Fort Worth, LP,
Remarkable Healthcare of Seguin, LP and Remarkable Healthcare, LLC
filed voluntary petitions (Bankr. E.D. Tex. Case Nos. 18-40295
through 18-40300) on Feb. 12, 2018, seeking relief under Chapter 11
of the Bankruptcy Code.

In the petitions signed by Laurie Beth McPike, president of LBJM,
LLC, its general partner, Remarkable Healthcare of Carrollton,
Remarkable Healthcare of Dallas, Remarkable Healthcare of Fort
Worth and Remarkable Healthcare of Seguin, each had estimated $1
million to $10 million in both assets liabilities; and Remarkable
Healthcare had $100,000 to $500,000 in estimated assets and $1
million to $10 million in estimated liabilities.

Mark A. Castillo, Esq., at Curtis Castillo PC, serves as the
Remarkable Debtors' counsel.


RENNOVA HEALTH: Reduces Stake in NanoVibronix to 0.1% as of Feb. 14
-------------------------------------------------------------------
Rennova Health, Inc. (f/k/a CollabRx, Inc.) disclosed in a Schedule
13D/A filed with the Securities and Exchange Commission that as of
Feb. 14, 2018, it beneficially owns 3,095 shares of common stock of
NanoVibronix, Inc., constituting 0.1 percent of the shares
outstanding.

For the period from Feb. 6 through Feb. 12, 2018, Rennova sold a
total of 2,000 Common Shares.

Also, on Feb. 14, 2018, Rennova entered into a Common Stock
Purchase Agreement with two investors pursuant to which Rennova
sold an aggregate of 200,000 Shares.  The purchase price was $4.00
per share.

As a result of those transactions, Rennova ceased to be the
beneficial owner of more than 5% of the Shares on Feb. 14, 2018.

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

                      https://is.gd/qH6cAV

                     About Rennova Health

Rennova Health, Inc. -- http://www.rennovahealth.com/-- provides
diagnostics and supportive software solutions to healthcare
providers, delivering an efficient, effective patient experience
and superior clinical outcomes.  Through an ever-expanding group of
strategic brands that work in unison to empower customers, the
Company is creating the next generation of healthcare.  The company
is headquartered in West Palm Beach, Florida.

Rennova Health reported a net loss attributable to common
stockholders of $32.61 million on $5.24 million of net revenues for
the year ended Dec. 31, 2016, compared with a net loss attributable
to common stockholders of $37.58 million on $18.39 million of net
revenues for the year ended Dec. 31, 2015.

As of Sept. 30, 2017, Rennova had $6.36 million in total assets,
$25.15 million in total liabilities and a total stockholders'
deficit of $18.78 million.

Green & Company, CPAs, in Temple Terrace, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company has
significant net losses and cash flow deficiencies.  Those
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


RIZVI & COMPANY: Allowed to Use Cash Collateral Until March 31
--------------------------------------------------------------
U.S. Bankruptcy Judge Mary Grace Diehl authorized Rizvi & Company,
Inc., to use Signature Bank of Georgia's cash collateral in the
ordinary course of its business through the earliest to occur of:
(i) any order of the Court modifying such authority; (ii) a
default; or (ii) the close of business on March 31, 2018.

The Debtor is granted limited use of cash collateral on hand as of
the Petition Date or has received since the Petition Date,
including all products and proceeds of (i) the collateral and (ii)
all funds in all bank accounts, all of which constitute cash
collateral, which will be deposited into the operating accounts
maintained at SunTrust Bank (***1152) and Bank of America
(***0919).

Absent the prior express consent of Signature Bank of Georgia, the
use of cash collateral will be restricted to payment, from the
operating account, in the ordinary course of business, only of the
expenses specified in the budget. The Debtor is authorized to pay
quarterly fees to the U.S. Trustee.

As of the Petition Date, the Debtor is indebted to Signature Bank
of Georgia in the approximate amount of $155,637. Accordingly,
Signature Bank is authorized to liquidate the C.D. and apply the
closing balance of the C.D. towards its claim.

Every month until March 2018, the Debtor is required to furnish to
Signature Bank and its counsel, a rolling income and expense
statement broken down in the same categories as the Budget,
comparing actual income and expenses received and paid to date to
the projected income and expenses.

Signature Bank is granted, as of the Petition Date, a continuing
additional first-priority replacement lien (and a second-priority
replacement lien for the real property) and security interest in
and to all of the now existing or hereafter arising or
after-acquired assets of the Debtor relating to the collateral, and
in the operating account, to the same extent of the validity and
priority of the pre-petition liens granted to Signature Bank, in
order to secure Debtor's obligations to Signature Bank.

In addition, Signature Bank will be entitled to an administrative
claim to the extent, if any, that the adequate protection for
Debtor's use of cash collateral proves to be inadequate.

Signature Bank will have the right to inspect Debtor's books and
records at the Debtor's offices or wherever the Debtor's records
are maintained. Signature Bank will also have the right to inspect
the collateral, the Debtor's business operations and the place of
business and conduct any appraisals thereof.

A full-text copy of the Order is available at:

                http://bankrupt.com/misc/ganb17-67908-60.pdf

Counsel for Signature Bank of Georgia:

         J. William Boone, Esq.
         Doroteya N. Wozniak, Esq.
         James Bates Brannan Groover LLP
         3399 Peachtree Road NE, Suite 1700
         Atlanta, GA 30326

                      About Rizvi & Company

Rizvi & Company, Inc., owns and operates a bakery with three retail
locations at (i) 12850 Highway 9, Suite 1200, Alpharetta, Georgia;
(ii) 10800 Alpharetta Highway, Suite 300 Roswell, Georgia; and
(iii) 320 Town Center Avenue, Suite C-9, Suwanee, Georgia.

Rizvi & Company filed a Chapter 11 petition (Bankr. N.D. Ga. Case
No. 17-67908) on Oct. 12, 2017.  In the petition signed by CFO Ali
Rizvi, the Debtor estimated up to $50,000 in assets and $500,000 to
$1 million in liabilities.


RTR FARMS: Guaranty Bank Seeks Appointment Chapter 11 Trustee
-------------------------------------------------------------
Guaranty Bank & Trust Company moves the Bankruptcy Court for the
appointment of a trustee in the Chapter 11 case of RTR Farms, Inc.,
to ensure the integrity of these proceedings, to avoid waste and
fraud, and to protect the interests of all creditors in this
matter.

RTR Farms is one of four wholly owned farming entities which are
owned by Richard J. Young, Jr. RTR and Mr. Young are co-makers on
debt owed to Guaranty Bank, a combined debt of not less than
$1,829,707 which is secured by 2017 soybean crops and equipment.

Guaranty Bank has discovered that RTR has diverted funds coming
from the sale of 2017 crops to Hillhouse Farms -- an entity owned
by Mr. Young, which entity has paid for some but not all of the
land rent for 2017. Hillhouse Farms is not identified in the
schedules filed in RTR's case but has paid for farm rents on farms
represented to Guaranty Bank as having been planted by RTR.

Based on the Hillhouse Farms account, which indicates unexplained
transfers of funds between RTR, Hillhouse Planting Company, and
Alligator Land Management, LLC, Guaranty Bank believes there is
commingling of funds and/or farming activities without accounting
to Guaranty Bank for the use of farming proceeds of RTR.  Since Mr.
Young owns 100% of each of these entities, Guaranty Bank argues
that the transfers from one to another without explanation are
essentially transfers to Mr. Young for which an accounting is due.

RTR's Statement of Financial Affairs indicates that from Jan. 1,
2017 through the date of bankruptcy filing, RTR's operating avenue
is approximately $443,331. Guaranty Bank claims that it has not
been presented any checks from the sale of crops for endorsement.
Guaranty Bank asserts that it is entitled to an accounting of the
sale of its collateral.  Additionally, Guaranty Bank has determined
that Louis Dreyfus Company owes RTR $533,178 for 2017 crops in its
possession, in addition to RTR's possession of crop insurance
checks for 2017 in the amount of $533,177, which check reflect
Guaranty Bank as co-payee.

Likewise, RTR's Statement of Financial Affairs indicates payments
for three leases, but none of which is shown to be an existing long
term lease with A.B. Smith for $180,000 annual rent running through
December 31, 2022. RTR has paid this rent through Hillhouse Farms
with funds from an unidentified source.

Guaranty Bank finds that RTR has dully prepared some of its fields
for planting in 2018 although RTR has not requested the release of
any crop proceeds for this purpose. Guaranty Bank believes that RTR
has spent approximately $150,000 to prepare these fields and the
source of those funds is undetermined and unreported and should be
accounted.

Guaranty Bank has also determined that RTR has deposited the sum of
$89,925 from the sale of crops through Louis Dreyfus but is due to
receive another $533,178 from Louis Dreyfus for 2017 crops
delivered to and held by Louis Dreyfus. While it is not clear that
these funds are reflected in the unspecified Accounts Receivable
indicated in RTR’s revised disclosures -- indicating amount of
$1,049,000 -- Guaranty Bank argues that these inconsistencies
warrant independent verification and the appointment of a Trustee
to protect the interests of Creditors.

Moreover, on Feb. 14, 2018, Guaranty Bank received a telephone call
from Louis Dreyfus indicating that Mr. Young had called and
represented that RTR was not in bankruptcy and requesting the
release of the proceeds of the sale of 2017 crops. This action
appears to be an attempt to circumvent the proper lien of Guaranty
Bank in the proceeds of the 2017 crop. As such, an independent
Trustee is necessary in this case to protect the interests of
Guaranty Bank and other creditors.

Guaranty Bank & Trust Company

        Jay Gore III, Esq.
        Gore, Kilpatrick & Dambrino, PLLC
        2000 Gateway, Suite 160
        Post Office Box 901
        Grenada, Mississippi 38902-0901
        Tel: 662.226.1891
        Fax: 662.226.2237
        E-mail: jgore@gorekilpatrick.com

                     About RTR Farms Inc.

RTR Farms, Inc., is a privately owned company in Duncan,
Mississippi, engaged in the farming industry.

Richard Young, president and owner of RTR, filed his personal
Chapter 11 petition (Bankr. N.D. Miss. Case No. 17-14065) on Oct.
25, 2017.

RTR Farms sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. N.D. Miss. Case No. 17-14067) on Oct. 25, 2017.  The Debtor
estimated assets of less than $1 million and liabilities of $1
million to $10 million.  Judge Neil P. Olack presides over the
case.  The Debtor tapped the Law Offices of Craig M. Geno, PLLC, as
its legal counsel.


SAILING EMPORIUM: Has Until May 1 to Exclusively File Plan
----------------------------------------------------------
The Hon. Thomas J. Catliota of the U.S. Bankruptcy Court for the
District of Maryland has extended, at the behest of The Sailing
Emporium, Inc., the exclusive periods during which only the Debtor
can file a plan of reorganization and solicit acceptance of the
plan through and including May 1, 2018, and July 1, 2018,
respectively.

As reported by the Troubled Company Reporter on Jan. 30, 2018, the
Debtor said that cause exists in this case to extend the Exclusive
Filing and Acceptance Periods because the Debtor and William Arthur
Willis and Mary Sue Willis, the debtors and debtors in possession
in jointly-administered Case No. 16-26458-TJC, recently closed a
complicated transaction in which The Peoples Bank was paid its
principal and other charges exceeding $2.4 million.  The
transaction, which involved the sale of parcels owned by the three
estates, proved to be more time-consuming than anticipated.

A copy of the court order is available at:

          http://bankrupt.com/misc/mdb16-24498-325.pdf

                   About The Sailing Emporium

The Sailing Emporium, Inc., owns and operates a full service marina
located on the picturesque Eastern Shore of Maryland on eight acres
on Rock Hall Harbor in Rock Hall, Maryland.  Services include boat
sales, boat repair and restoration, electronics sales and service
and sailboat charters.  The Property also includes a marine store
and nautical gift shop.  The Property has 155 deep water slips and
20 transient slips, and the landscaped grounds and other amenities
have made this marina a point of interest in Rock Hall.

The Sailing Emporium, Inc., filed a Chapter 11 petition (Bankr. D.
Md. Case No. 16-24498) on Nov. 1, 2016.  In the petition signed by
William Arthur Willis, president, the Debtor estimated assets and
liabilities at $1 million to $10 million at the time of the
filing.

The case is assigned to Judge Thomas J. Catliota.

The Debtor tapped Lisa Yonka Stevens, Esq., at Yumkas, Vidmar,
Sweeney & Mulrenin, LLC, as counsel.  The Debtor also engaged
Andrew Cantor and Marcus & Millichap Real Estate Investment
Services as broker, and tapped Gary T. Mott & Associates, CPA,
P.A., as accountant.


SENTRIX PHARMACY: Has Until April 16 to Exclusively File Plan
-------------------------------------------------------------
The Hon. Raymond B. Ray of the U.S. Bankruptcy Court for the
Southern District of Florida has extended, at the behest of Sentrix
Pharmacy and Discount, LLC, the exclusive period during which only
the Debtor may file a Plan for 60 days, through and including April
16, 2018 and the period for acceptance of the Debtor's plan,
through and including June 15, 2018.

As reported by the Troubled Company Reporter on Feb. 8, 2018, the
Debtor sought the extension, saying that it will be in a better
position to propose a Plan within the next 60 days.  An agreed
order granting agreement on motion to continue Evidentiary hearing
on motion to waive appoint of ombudsman, motions for relief from
stay, motion to dismiss, hearing on the motion to strike expert
witness and request for status conference was entered by the Court
on Jan. 29, 2018, and a preliminary hearing and status conference
is set for March 14, 2018.  The Parties in relation to these
Motions have reached a settlement in principle and are in the
process of drafting a Settlement Agreement.

                About Sentrix Pharmacy and Discount

Sentrix Pharmacy and Discount, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. S.D. Fla. Case No. 17-19073) on July 19, 2017.  In
the petition signed by Spencer Maklin, its vice president, the
Debtor estimated $1 million to $10 million in assets and
liabilities.  The Hon. Raymond B. Ray presides over the case.
Rappaport Osborne & Rappaport, PLLC, is the Debtor's bankruptcy
counsel.  Delle Fave Tarrasco & Co, CPA, LLP, is the Debtor's
accountant; and Jason S. Mazer and Ver Ploeg & Lumpkin, P.A., is
the insurance counsel.


SEVEN STARS: Appoints BF Borgers as New Accountants
---------------------------------------------------
The Audit Committee of the Board of Directors of Seven Stars Cloud
Group, Inc. has approved the dismissal of Grant Thornton, China
member firm of Grant Thornton International, as the Company's
independent registered public accounting firm.

The Audit Committee engaged GT in April 2017.  The Company's prior
independent registered public accounting firm that issued audit
reports on the Company's financial statements as of and for the
fiscal years ended 2016 and 2015 did not include an adverse opinion
or a disclaimer of opinion in those reports, and those reports were
not qualified or modified as to uncertainty, audit scope, or
accounting principles.

During its engagement with the Company, GT advised the Company of a
material weakness in its internal control of financial reporting
related to the design, documentation and implementation of
effective internal controls over the review of the cash flow
forecasts used in assessing the recoverability of licensed content.
The Company has authorized GT to respond fully to inquiries of the
successor accountant.

GT has not issued any audit report on the consolidated financial
statements of the Company for any prior fiscal year, including as
of and for the years ended Dec. 31, 2017 and 2016 and therefore GT
has not issued an audit report containing an adverse opinion or a
disclaimer of opinion, nor has any audit report been qualified or
modified as to uncertainty, audit scope or accounting principles.

On Feb. 16, 2018, the Company appointed BF Borgers CPA PC as its
new independent registered public accounting firm to audit the
Company's financial statements as of and for the year ended
Dec. 31, 2017.  The decision to retain BF was approved by the Audit
Committee.

                        About Seven Stars

Seven Stars Cloud Group, Inc., formerly Wecast Network, Inc. --
http://www.sevenstarscloud.com/-- is an Intelligent Industrial
Internet (3I) platform, creating an artificial intelligent &
fintech-powered, supply chain solution for commercial enterprises.
By utilizing cutting-edge and all-encompassing fintech-powered
technologies plus resources such as Artificial Intelligence,
Blockchain, Cloud Computing & Data ("ABCD"), Seven Stars Cloud
provides efficient, secure and margin-expanding digital supply
chain solutions and asset-backed securitization for global
industrial energy, commodity, exhibition/trade show & Intellectual
Property, clients & markets.  The company is headquartered in
Tongzhou District, Beijing, China.  

KPMG Huazhen LLP, in Beijing, China, issued a "going concern"
qualification in its report on the consolidated financial
statements for the year ended Dec. 31, 2016, noting that the
Company incurred recurring losses from operations, has net current
liabilities and an accumulated deficit that raise substantial doubt
about its ability to continue as a going concern.

Webcast reported a net loss of $27.43 million in 2016 following a
net loss of $8.54 million in 2015.  As of Sept. 30, 2017, Seven
Stars had $71.55 million in total assets, $47.76 million in total
liabilities, $1.26 million in convertible redeemable preferred
stock, and $22.53 million in total equity.


SHIEKH SHOES: Court Inked Final Cash Collateral Order
-----------------------------------------------------
Judge Vincent P. Zurzolo of the U.S. Bankruptcy Court for the
Central District of California has signed a final order authorizing
Shiekh Shoes, LLC, to obtain postpetition replacement term loan
secured by senior lien in order to payoff State Bank and Trust
Company and to use of cash collateral pursuant to 11 U.S.C. Section
363.

Section 13.b of the Interim Order is replaced and superseded by the
following:

      "(b) Adequate Protection Junior Claim. Subject to the
foregoing requirements set forth in this paragraph 13, pursuant to
section 507(b) of the Bankruptcy Code, the Prepetition Second Lien
Agent and the Prepetition Second Lien Lenders will have an allowed
super-priority administrative expense claim (the "Adequate
Protection Junior Claims") against the Debtor and its Estate. Until
further order of the Court, the Adequate Protection Junior Claim
will be subordinate to the State Bank Super-Priority Claim, with
any issues or matters relating to any further subordination to be
addressed at a further hearing and subject to further order of the
Court. Subject to any further order, except as described herein or
in the Interim Order, no cost or expense of administration under
any provision of the Bankruptcy Code (whether incurred in this
Chapter 11 Case or any Successor Case, whether for adequate
protection, the lack of, or failure to provide, adequate
protection, or otherwise), will be senior to, equal to, or pari
passu with, the Adequate Protection Junior Claim."

A full-text copy of the Final Order is available at:

           http://bankrupt.com/misc/cacb17-24626-439.pdf

                        About Shiekh Shoes

Based in Ontario, California, Shiekh Shoes, LLC --
http://www.shiekhshoes.com/-- is a shoe retailer company with 79  
locations in California, five in Nevada, 11 in Arizona, 11 in
Texas, two in New Mexico, one in Oregon, six in Illinois, eight in
Michigan, and five in Washington.  Shiekh Shoes features brands
like Shiekh, Adidas, Puma, Timberland, Converse, among others.  It
offers dress, casual, athletic, infant, toddler, youth, basketball,
running, training, and skate shoes; slippers, sandals, wedges,
pumps, boots, high heels, and sneakers; and apparel.  The company
was founded in 1991.

Shiekh Shoes sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case No. 17-24626) on Nov. 29, 2017.  In the
petition signed by CEO Shiekh E. Ellahi, the Debtor estimated total
assets and liabilities of $50 million to $100 million.

Judge Vincent P. Zurzolo presides over the case.

The Debtor tapped SulmeyerKupetz, APC as its legal counsel; DJM
Realty Services, LLC as real estate lease consultant; and KGI
Advisors, Inc. as its financial advisor.

On Dec. 11, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee is
represented by Cooley LLP.


SOLARWINDS HOLDINGS: S&P Cuts 1st Lien Secured Debt Rating to 'B'
-----------------------------------------------------------------
S&P Global Ratings revised its recovery and issue-level ratings on
Austin, Texas, information technology infrastructure management
software provider SolarWinds Holdings Inc.'s first- and second-lien
debt.

S&P said, "We lowered our issue-level rating on the first-lien
secured debt to 'B' from 'B+' after revising the recovery rating to
'3' from '2'. The '3' recovery rating indicates our expectation for
meaningful (50%-70%; rounded estimate: 65%) recovery in the event
of payment default.

"We raised our issue-level rating on the second-lien secured notes
to 'B-' from 'CCC+' after revising the recovery rating to '5' from
'6'. The '5' recovery rating indicates our expectation for modest
(10%-30%; rounded estimate: 10%) recovery in the event of payment
default.

"The rating actions reflect our view of SolarWinds' plan to reprice
first- and second-lien debt and increase its first-lien term loan
by $250 million to $1.93 billion. The proceeds of the term loan
will be used, with cash on hand, to repay $305 million of the
existing $680 million senior secured notes and associated breakage
fees. The repricing transaction is expected to result in annual
interest expense savings of around $35 million."   

ISSUE RATINGS--RECOVERY ANALYIS

Key analytical factors

S&P said, "For purposes of the analysis, we valued the company as a
going concern, which would maximize value to creditors. We applied
a 7x EBITDA multiple to an assumed distressed emergence EBITDA of
$207 million to derive an estimated gross recovery value of $1.45
billion."

The valuation multiple is consistent with that of similar software
companies.

S&P's simulated default scenario assumes a default occurring in
2021 as a result of an inability to consistently enhance products
to maintain industry standards, or as a result of larger
competitors selling products a la carte, allowing them to compete
more favorably and resulting in lower renewal rates for
SolarWinds.

Simulated default assumptions

-- Simulated year of default: 2021
-- EBITDA at emergence: $207 million
-- EBITDA multiple: 7x
-- LIBOR at default: 2.5%

Simplified waterfall

-- Net recovery value (after 5% administrative costs): $1.38
billion
-- Valuation split (obligors/nonobligors): 75%/25%
-- Value available to first-lien debt: $1.26 billion
-- First-lien debt claims: $2 billion
    --Recovery expectations: 50%-70% (rounded estimate: 65%)
-- Value available to senior secured notes and pari passu claims:
$120 million
-- Senior secured notes claims: $393 million
    --Recovery expectations: 10%-30% (rounded estimate: 10%)

All debt amounts at default include six months' accrued prepetition
interest. Collateral value equals asset pledges from obligors less
priority claims plus equity pledges from nonobligors after
nonobligor debt.

RATINGS LIST

  SolarWinds Holdings Inc.
   Corporate Credit Rating       B/Stable

  Issue Level Ratings Raised; Recovery Ratings Revised
  SolarWinds Holdings Inc.
                                 To           From
   Senior Secured                B-           CCC+
    Recovery Rating              5 (10%)      6 (5%)

  Issue Level Ratings Lowered; Recovery Ratings Revised
  SolarWinds Holdings Inc.
   Senior Secured                B            B+
    Recovery Rating              3 (65%)      2 (70%)


SUNSET PARTNERS: June 21 Continued Cash Collateral Hearing
----------------------------------------------------------
Judge Joan N. Feeney of the U.S. Bankruptcy Court for the District
of Massachusetts authorized Lynne Riley, the duly appointed Chapter
11 trustee of Sunset Partners, Inc. and Chapter 7 trustee of Bema
Restaurant Corporation to Use Cash Collateral on the same terms and
conditions as previously ordered through and including the
continued hearing which will be held on June 21, 2018 at 10:00
a.m.

A full-text copy of the Order is available at

          http://bankrupt.com/misc/mab17-12178-220.pdf

                    About Sunset Partners

Sunset Partners, Inc., is a Massachusetts corporation that owns and
operates two Boston area restaurants: the Sunset Grill & Tap
located at 130 Brighton Avenue, Allston, MA; and, the Sunset
Cantina located at 916 Commonwealth Avenue, Brookline, MA.
Affiliate Bema Restaurant Corporation, d/b/a Patron's, is a
Massachusetts corporation that owns and operates a Boston area
restaurant called Patrons, which is located at 138 Brighton Avenue,
Allston, Massachusetts.

Sunset Partners filed for Chapter 11 bankruptcy protection (Bankr.
D. Mass. Case No. 17-12178) on June 7, 2017, disclosing $1.05
million in total assets and $5.67 million in total liabilities.  

Bema Restaurant Corporation filed a Chapter 11 petition (Bankr. D.
Mass. Case No. 17-12434) on June 29, 2017, disclosing $1.12 million
in assets and $4.45 million in liabilities.  Marc Berkowitz,
president, signed the petitions.  

The cases are jointly administered and assigned to Judge Joan N.
Feeney.

David B. Madoff, Esq., and Steffani Pelton Nicholson, Esq., at
Madoff & Khoury LLP, served as bankruptcy counsel to the Debtors.
Verdolino & Lowey, P.C., served as the Debtors' accountant.

On Sept. 25, 2017, Lynee F. Riley was appointed as the Chapter 11
trustee to the Debtors.  The Trustee retained Casner & Edwards LLP
as counsel.


SWIFT STAFFING: 9 Affiliates' Voluntary Chapter 11 Case Summary
---------------------------------------------------------------
Affiliates that filed voluntary petitions seeking relief under
Chapter 11 of the Bankruptcy Code:

      Debtor                                       Case No.
      ------                                       --------
      Swift Staffing Arkansas, LLC                 18-10626
      431 West Main Street, Suite 400
      Tupelo, MS 38804

      Swift Staffing Alabama, LLC                  18-10627
      106 Oxmoor Road, Suite 148
      Birmingham, AL 35209
      
      Swift Staffing Georgia, LLC                  18-10628
      2880 Holcomb Bridge Road #118
      Alpharetta, GA 30022

      Swift Staffing North Carolina, LLC           18-10629

      Swift Staffing Florida, LLC                  18-10630
      6406 NW 186th Street
      Miami, FL 33015

      Swift Staffing Mississippi, LLC              18-10631
      431 West Main Street, Suite 400
      Tupelo, MS 38804
   
      Swift Staffing Tennessee, LLC                18-10632

      Swift Staffing Pennsylvania, LLC             18-10633

      Rockhill Staffing Texas, LLC                 18-10634

Business Description: Each of the Debtors is owned by Swift
                      Staffing Holdings, LLC, a full-service
                      provider of staffing services with offices
                      across the United States.  The Debtors
                      are seeking joint administration of their
                      cases into the Lead Case of Swift Staffing
                      Holdings, Case No. 18-10616.

Chapter 11 Petition Date: February 22, 2018

Court: United States Bankruptcy Court
       Northern District of Mississippi (Aberdeen)

Judge: Hon. Jason D. Woodard

Debtors' Counsel: Craig M. Geno, Esq.
                  Jarret P. Nichols, Esq.
                  LAW OFFICES OF CRAIG M. GENO, PLLC
                  587 Highland Colony Parkway
                  Ridgeland, MS 39157
                  Tel: 601-427-0048
                  Fax: 601-427-0050
                  E-mail: cmgeno@cmgenolaw.com
                          jnichols@cmgenolaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petitions were signed by Rodney Clay Dial, manager.

The Debtors each did not file a list of 20 largest unsecured
creditors together with the petitions.

Copies of some of the petitions are available for free at:

          http://bankrupt.com/misc/msnb18-10626.pdf
          http://bankrupt.com/misc/msnb18-10627.pdf
          http://bankrupt.com/misc/msnb18-10628.pdf
          http://bankrupt.com/misc/msnb18-10630.pdf
          http://bankrupt.com/misc/msnb-1810631.pdf


TAKATA CORP: Davis Polk Advising Volkswagen on Restructuring
------------------------------------------------------------
Davis Polk is advising Volkswagen AG and subsidiaries on the global
restructuring of Takata Corporation and Subsidiaries.

In February 2017, Takata Corporation pleaded guilty to wire fraud
in connection with the Takata group's manufacture of airbag
inflators containing non-desiccated phase-stabilized ammonium
nitrate ("PSAN"), and agreed to pay $850 million in restitution to
original equipment manufacturers ("OEMs"), including Volkswagen.
Since then, Takata Corporation has entered into civil
rehabilitation in Japan, while Takata's U.S. and Mexican entities
have entered into chapter 11 bankruptcy in the Bankruptcy Court for
the District of Delaware.

In that context, Takata and its OEM customers have negotiated a
global restructuring, under which Takata will sell its non-PSAN
production lines to Key Safety Systems ("KSS") and place its
PSAN-related production lines into a trust for the purpose of
producing airbag replacement kits for certain OEMs and otherwise
mitigating the ongoing recalls of its PSAN-based inflators.  Under
the terms of a global settlement agreement, a restructuring support
agreement and other documents, Takata's major customers (including
certain Volkswagen entities) have agreed to support Takata's global
restructuring, including the sale to KSS.

On February 16, 2018, the U.S. bankruptcy court confirmed the
chapter 11 debtors' plan of reorganization over several objections,
clearing the way for Takata to consummate its sale to KSS and
satisfy its restitution obligations to its customers.

Takata is one of the largest global producers of automotive safety
parts, including seat belts, child restraints and airbags.  Its
products are incorporated into vehicles of nearly every major OEM.

The Davis Polk restructuring team includes partners Timothy
Graulich and Darren S. Klein and associates Natasha Tsiouris, Aryeh
E. Falk, Benjamin M. Schak and Eugene Y. Park.  The litigation team
includes partner Elliot Moskowitz, counsel Michael J. Russano and
associates Nikolaus Williams and Cindy S. McNair. All members of
the Davis Polk team are based in the New York office.


                         About TK Holdings

Japan-based Takata Corporation (TYO:7312) --
http://www.takata.com/en/-- develops, manufactures and sells
safety products for automobiles.  The Company offers seatbelts,
airbags, steering wheels, child seats and trim parts.
Headquartered in Tokyo, Japan, Takata operates 56 plants in 20
countries with approximately 46,000 global employees worldwide.
The Company has subsidiaries located in Japan, the United States,
Brazil, Germany, Thailand, Philippines, Romania, Singapore, Korea,
China and other countries.

Takata Corp. filed for bankruptcy protection in Tokyo and the U.S.,
amid recall costs and lawsuits over its defective airbags.  Takata
and its Japanese subsidiaries commenced proceedings under the Civil
Rehabilitation Act in Japan in the Tokyo District Court on June 25,
2017.

Takata's main U.S. subsidiary TK Holdings Inc. and 11 of its U.S.
and Mexican affiliates each filed voluntary petitions under Chapter
11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No.
17-11375) on June 25, 2017.  Together with the bankruptcy filings,
Takata announced it has reached a deal to sell all its global
assets and operations to Key Safety Systems (KSS) for US$1.588
billion.

Nagashima Ohno & Tsunematsu is Takata's counsel in the Japanese
proceedings.  Weil, Gotshal & Manges LLP and Richards, Layton &
Finger, P.A., are serving as counsel in the U.S. cases.

PricewaterhouseCoopers is serving as financial advisor, and Lazard
is serving as investment banker to Takata.  Ernst & Young LLP is
tax advisor.  Prime Clerk is the claims and noticing agent.  The
Debtors Meunier Carlin & Curfman LLC, as special intellectual
property counsel.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
counsel, KPMG is serving as financial advisor, Jefferies LLC is
acting as lead financial advisor.  UBS Investment Bank also
provides financial advice to KSS.

On June 28, 2017, TK Holdings, as the foreign representative of the
Chapter 11 Debtors, obtained an order of the Ontario Superior Court
of Justice (Commercial List) granting, among other things, a stay
of proceedings against the Chapter 11 Debtors pursuant to Part IV
of the Companies' Creditors Arrangement Act.  The Canadian Court
appointed FTI Consulting Canada Inc. as information officer.  TK
Holdings, as the foreign representative, is represented by McCarthy
Tetrault LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Trade Creditors and a separate Official Committee of Tort
Claimants.

The Official Committee of Unsecured Creditors has selected
Christopher M. Samis, Esq., L. Katherine Good, Esq., and Kevin F.
Shaw, Esq., at Whiteford, Taylor & Preston LLC, in Wilmington,
Delaware; Dennis F. Dunne, Esq., Abhilash M. Raval, Esq., and Tyson
Lomazow, Esq., at Milbank Tweed Hadley & McCloy LLP, in New York;
and Andrew M. Leblanc, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in Washington, D.C., as its bankruptcy counsel.  The Committee
has also tapped Chuo Sogo Law Office PC as Japan counsel.

The Official Committee of Tort Claimants selected Pachulski Stang
Ziehl & Jones LLP as counsel.  Gilbert LLP will evaluate of the
insurance policies.  Sakura Kyodo Law Offices will serve as special
counsel.

Roger Frankel, the legal representative for future personal injury
claimants of TK Holdings Inc., et al., tapped Frankel Wyron LLP and
Ashby & Geddes PA to serve as co-counsel.

Takata Corporation ("TKJP") and affiliates Takata Kyushu
Corporation and Takata Services Corporation commenced Chapter 15
cases (Bankr. D. Del. Case Nos. 17-11713 to 17-11715) on Aug. 9,
2017, to seek U.S. recognition of the civil rehabilitation
proceedings in Japan.  The Hon. Brendan Linehan Shannon oversees
the Chapter 15 cases.  Young, Conaway, Stargatt & Taylor, LLP,
serves as Takata's counsel in the Chapter 15 cases.


TK HOLDINGS: Statement on Chapter 11 Plan Confirmation
------------------------------------------------------
The United States Bankruptcy Court for the District of Delaware has
confirmed the Fifth Amended Chapter 11 Plan of Reorganization filed
by TK Holdings, Inc., Takata's main U.S. subsidiary, and certain of
TKH's subsidiaries and affiliates. The confirmation of the Plan is
a major milestone in the U.S. Chapter 11 Process and the Company's
comprehensive restructuring, and it paves the way for Takata to
complete its previously announced and Court-approved proposed sale
to Key Safety Systems ("KSS").

The sale will be finalized upon TKH's emergence from Chapter 11,
which is on target for completion on or about the end of the first
quarter of 2018.

The Plan was supported by several of TKH's main creditor
constituencies, including the Official Committee of Unsecured
Creditors, the Official Tort Claimants Committee, the Future
Claimants' Representative, and a group of Takata's OEM customers
representing more than 80% of the Company's annual sales.

"We are very pleased to have reached this important milestone,"
said Mr. Katsumi Mitsuhashi, President of TKH. "The Court's
approval of our Plan takes us one step closer to achieving our main
objective of developing a path forward for Takata that resolves the
costs and liabilities related to airbag inflator recalls. Our top
priorities remain providing a steady supply of products to our
valued customers, including replacement parts for recalls, and a
stable home for our exceptional employees. We look forward to
completing the restructuring process on or about the end of this
quarter."

Takata and TKH will now turn towards working to satisfy the
conditions of the Plan and then emerging from Chapter 11 as soon as
possible. Under the terms of the Plan, the sale of substantially
all of Takata's global assets and operations to KSS will be
consummated on the Effective Date of the Plan.

Takata continues to work through proceedings under the Civil
Rehabilitation Act in Japan. Takata EMEA (Europe, Middle East and
Africa) maintains its financial independence and continues to
operate on a financially solid basis.

Mr. Mitsuhashi added, "We would not have been able to reach this
important milestone without the hard work and dedication of
Takata's employees around the world who have remained focused on
our mission to ensure the adequate, uninterrupted supply of safe,
high quality parts and components to our customers. We anticipate a
quick and seamless integration with KSS, utilizing the combined
strengths of both our teams to implement a smooth transition. We
are confident that the combined business will be well positioned
for long-term success in the global automotive industry."

Takata expects to continue to meet demand for airbag inflator
replacements without interruption. The restructuring proceedings
and sale to KSS should have no effect on the ability of drivers to
obtain replacements for recalled Takata airbag inflators free of
charge. Vehicle owners in the U.S. should continue to visit
https://www.airbagrecall.com/ for more information on airbag
inflator replacements.

Additional information regarding TKH's Chapter 11 restructuring
including court filings and information about the claims process
are available at www.TKrestructuring.com, or by calling TKH's
claims agent, Prime Clerk, at
1-844-822-9229 (Toll free in U.S. and Canada) or 1-347-338-6502
(International).

                         About TK Holdings

Japan-based Takata Corporation (TYO:7312) --
http://www.takata.com/en/-- develops, manufactures and sells
safety products for automobiles. The Company offers seatbelts,
airbags, steering wheels, child seats and trim parts.  
Headquartered in Tokyo, Japan, Takata operates 56 plants in 20
countries with approximately 46,000 global employees worldwide.
The Company has subsidiaries located in Japan, the United States,
Brazil, Germany, Thailand, Philippines, Romania, Singapore, Korea,
China and other countries.

Takata Corp. filed for bankruptcy protection in Tokyo and the U.S.,
amid recall costs and lawsuits over its defective airbags.  Takata
and its Japanese subsidiaries commenced proceedings under the Civil
Rehabilitation Act in Japan in the Tokyo District Court on June 25,
2017.

Takata's main U.S. subsidiary TK Holdings Inc. and 11 of its U.S.
and Mexican affiliates each filed voluntary petitions under Chapter
11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No.
17-11375) on June 25, 2017.  Together with the bankruptcy filings,
Takata announced it has reached a deal to sell all its global
assets and operations to Key Safety Systems (KSS) for US$1.588
billion.

Nagashima Ohno & Tsunematsu is Takata's counsel in the Japanese
proceedings.  Weil, Gotshal & Manges LLP and Richards, Layton &
Finger, P.A., are serving as counsel in the U.S. cases.

PricewaterhouseCoopers is serving as financial advisor, and Lazard
is serving as investment banker to Takata.  Ernst & Young LLP is
tax advisor.  Prime Clerk is the claims and noticing agent.  The
Debtors Meunier Carlin & Curfman LLC, as special intellectual
property counsel.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
counsel, KPMG is serving as financial advisor, Jefferies LLC is
acting as lead financial advisor.  UBS Investment Bank also
provides financial advice to KSS.

On June 28, 2017, TK Holdings, as the foreign representative of the
Chapter 11 Debtors, obtained an order of the Ontario Superior Court
of Justice (Commercial List) granting, among other things, a stay
of proceedings against the Chapter 11 Debtors pursuant to Part IV
of the Companies' Creditors Arrangement Act.  The Canadian Court
appointed FTI Consulting Canada Inc. as information officer.  TK
Holdings, as the foreign representative, is represented by McCarthy
Tetrault LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Trade Creditors and a separate Official Committee of Tort
Claimants.

The Official Committee of Unsecured Creditors has selected
Christopher M. Samis, Esq., L. Katherine Good, Esq., and Kevin F.
Shaw, Esq., at Whiteford, Taylor & Preston LLC, in Wilmington,
Delaware; Dennis F. Dunne, Esq., Abhilash M. Raval, Esq., and Tyson
Lomazow, Esq., at Milbank Tweed Hadley & McCloy LLP, in New York;
and Andrew M. Leblanc, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in Washington, D.C., as its bankruptcy counsel.  The Committee
has also tapped Chuo Sogo Law Office PC as Japan counsel.

The Official Committee of Tort Claimants selected Pachulski Stang
Ziehl & Jones LLP as counsel.  Gilbert LLP will evaluate of the
insurance policies.  Sakura Kyodo Law Offices will serve as special
counsel.

Roger Frankel, the legal representative for future personal injury
claimants of TK Holdings Inc., et al., tapped Frankel Wyron LLP and
Ashby & Geddes PA to serve as co-counsel.

Takata Corporation ("TKJP") and affiliates Takata Kyushu
Corporation and Takata Services Corporation commenced Chapter 15
cases (Bankr. D. Del. Case Nos. 17-11713 to 17-11715) on Aug. 9,
2017, to seek U.S. recognition of the civil rehabilitation
proceedings in Japan.  The Hon. Brendan Linehan Shannon oversees
the Chapter 15 cases.  Young, Conaway, Stargatt & Taylor, LLP,
serves as Takata's counsel in the Chapter 15 cases.


TOPS HOLDING: March 6 Meeting Set to Form Creditors' Panel
----------------------------------------------------------
William K. Harrington, United States Trustee for Region 2, will
hold an organizational meeting on March 6, 2018, at 11:00 a.m. in
the bankruptcy case of Tops Holding II Corporation, et al.

The meeting will be held at:

               United States Bankruptcy Court
               For the Southern District of New York
               One Bowling Green
               Room 511
               New York, NY 10004

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 Tops

Tops Markets, LLC -- http://www.topsmarkets.com/-- is
headquartered in Williamsville, NY and operates 169 full-service
supermarkets with five additional by franchisees under the Tops
Markets banner. Tops employs over 14,000 associates and is a
full-service grocery retailer in Upstate New York, Northern
Pennsylvania, and Vermont.

Tops Holdings II Corporation, et al., filed for bankruptcy
protection in the U.S. Bankruptcy Court for the Southern District
of New York on February 21, 2018.  The petition was signed by chief
financial officer David Langless. Judge Robert D. Drain presides
over the Debtors' cases.

The Debtors listed $977 million in total assets and $1.17 billion
in total liabilities at December 30, 2017.

Weil Gotshal & Manges LLP serves as counsel to the Debtors;
EverCore Group LLC as investment banker; FTI Consulting Inc. as
financial advisor; Hilco Real Estate, LLC as real estate advisor;
and Epiq Bankruptcy Solutions Inc. as claims and noticing agent.


TOWN SPORTS: Will Acquire Total Woman Gym and Spa for $8 Million
----------------------------------------------------------------
Town Sports International Holdings, Inc., announced that through
its wholly-owned subsidiaries it has entered into an asset purchase
agreement to acquire substantially all of the assets of the Total
Woman Gym and Spa business from TW Holdings, Inc., SPAD Holdings,
LLC, TW Glendale, Inc., and TW Westlake Village, Inc. Once
consummated, this acquisition will add another women-focused
fitness brand to the Company's growing fitness portfolio.

The acquired assets of the California-based Total Woman business
include 12 locations which TSI will continue to operate under the
Total Woman brand.  The locations to be acquired are in Alameda,
Glendale, Irvine, Laguna Hills, Northridge, Placentia, San Jose,
Studio City, Torrance, Valencia, Westlake Village and Woodland
Hills.

Upon closing, this acquisition will enhance and expand Total
Woman's offerings for its members as TSI will introduce its robust
digital offering in addition to new tailor made training programs.


Founded in 1965 by visionaries Art and Adrienne Stone, Total Woman
has grown into a California mainstay.  

"The opportunity to expand into California with a well-known brand
was an easy decision," said Patrick Walsh, TSI's chief executive
officer and chairman of the Board.

As consideration for the acquisition, the Sellers will receive a
purchase price of $8,000,000 in cash, subject to certain
adjustments, on the closing date of the acquisition, $800,000 of
which will remain in escrow for one year as an indemnity fund,
subject to certain closing adjustments.  The Purchase Price
excludes the assumption of certain liabilities.

The acquisition is subject to a number of closing conditions that
must be satisfied prior to the Closing Date, as detailed in the
APA.  The acquisition is expected to close on or before April 3,
2018, however, there is no assurance that the Acquisition will
close.  The APA contains customary representations by the Sellers
and the Buyers, as well as other customary provisions for a
transaction of this nature.

A full-text copy of the Asset Purchase Agreement is available at:

                          https://is.gd/MllhIh
  
                   About Town Sports International

Headquartered in New York, Town Sports International Holdings,
Inc., is the owner and operator of fitness clubs in the Northeast
and mid-Atlantic regions of the United States and, through its
subsidiaries, owned and operated 164 fitness clubs as of Sept. 30,
2017, comprising 118 clubs in the New York metropolitan market (102
of which were under the "New York Sports Clubs" brand name and 16
of which were under the "Lucille Roberts" brand name), 28 clubs in
the Boston metropolitan region under its "Boston Sports Clubs"
brand name, 10 clubs (one of which is partly-owned) in the
Washington, D.C. metropolitan region under its "Washington Sports
Clubs" brand name, five clubs in the Philadelphia metropolitan
region under its "Philadelphia Sports Clubs" brand name, and three
clubs in Switzerland.  These clubs collectively served
approximately 588,000 members as of Sept. 30, 2017.

Town Sports posted net income of $8.04 million for the year ended
Dec. 31, 2016, compared to net income of $21.15 million for the
year ended Dec. 31, 2015.  As of Sept. 30, 2017, the Company had
$230.85 million in total assets, $330.51 million in total
liabilities and a total stockholders' deficit of $99.65 million.

                           *    *    *

In May 2016, S&P Global Ratings said that it affirmed its corporate
credit rating on New York City-based Town Sports International
Holdings Inc. at 'CCC+'.  The rating outlook is negative.  The
CCC+' corporate credit rating affirmation reflects a highly
leveraged capital structure that S&P believes is unsustainable over
the long term, the ongoing risk of a conventional default, and the
risk of another type of distressed debt restructuring in the
future.

In May 2017, Moody's Investors Service changed the ratings outlook
for the debt of Town Sports International Holdings, Inc., to stable
from negative.  At the same time, Moody's affirmed the Company's
Corporate Family Rating (CFR) and Probability of Default Rating
(PDR) at 'Caa2' and 'Caa2-PD', respectively, and its Speculative
Grade Liquidity Rating at SGL-3, while also upgrading the company's
senior secured credit facilities rating to 'Caa1' from 'Caa2'.
Town Sports' Speculative Grade Liquidity Rating is SGL-3.
According to Moody's analyst David Berge, "Town Sports has made
progress in stabilizing the fee-based portion of its revenue
stream, which is an important early step in the company's recovery.
The ability to grow its membership base while demonstrating the
viability of its pricing strategy in the highly-competitive fitness
club sector will be key to future improvement in the company's
credit profile."


TRACY CLEMENT: Trustee's Sale of Absolute's Membership Units Okayed
-------------------------------------------------------------------
Judge Michael E. Ridgway of the U.S. Bankruptcy Court for the
District of Minnesota authorized Phillip L. Kunkel, Chapter 11
Trustee for Tracy John Clement's sale procedures in connection with
the sale of 23 membership capital units of Absolute Energy, L.L.C.
at an online auction to be conducted by Steffes Group, Inc.

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

The Trustee will hold proceeds from the sale of the Units in an
amount not to exceed $245,000 in a segregated cash collateral
deposit account for the benefit of CUSB Bank pending further order
of the Court or agreement between the parties.

The hearing on the Motion with respect to the request to approve
the sale or sales of the membership units of Absolute Energy,
L.L.C. to the successful bidder or bidders at the auction for such
membership units is scheduled for March 29, 2018, at 10:30 a.m.

                   About Tracy John Clement

Tracy John Clement sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Minn. Case No. 16-31189) on April 11,
2016.  The Debtor tapped James C. Brand, Esq., at Fredrikson &
Byron PA, as counsel.

On May 3, 2016, the Office of the United States Trustee appointed
an Official Committee of Unsecured Creditors.

On Sept. 19, 2017, Phillip L. Kunkel was appointed as the Chapter
11 Trustee for the Debtor.  The attorneys for the Trustee are:

         Abigail M. McGibbon, Esq.
         P. Jason Thibodeaux, Esq.
         Abigail M. McGibbon, Esq.
         GRAY, PLANT, MOOTY, MOOTY & BENNETT, P.A.
         500 IDS Center
         80 South Eighth Street
         Minneapolis, MN 55402
         Tel: 612-632-3484
         Fax: 612-632-4000
         E-mail: jason.thibodeaux@gpmlaw.com
                 abigail.mcgibbon@gpmlaw.com

The Trustee retained Steffes Group, Inc., as auctioneer.


US RAVE: Can Poll Creditors, Plan Approval Hearing on March 27
--------------------------------------------------------------
The Hon. Brenda T Rhoades of the U.S. Bankruptcy Court for the
Eastern District of Texas authorized US Rave, Inc., to solicit
votes on its Chapter 11-exit Plan.

The Court on Feb. 15 entered an order conditionally approving the
Disclosure Statement (SMALL BUSINESS).  The Court set a hearing to
consider Final Approval of the Disclosure Statement and
Confirmation of the Proposed Chapter 11 Plan of Reorganization to
be held March 27, 2018, at 9:30 a.m. at Plano Bankruptcy Courtroom.
The last day to Object to Confirmation is March 21.  Ballots
accepting or rejecting the Plan are due by March 23.

US Rave filed its Chapter 11 Small Business Plan and explanatory
Disclosure Statement on Feb. 14.

The Plan documents reveal that since the filing of the bankruptcy,
the Debtor has worked with a number of its secured creditors to
continue operations. The Debtor has entered into agreements to
return a number of trucks and trailers, and has entered into
agreement with the remaining vehicles to continue operations.  The
Debtor's operations have been profitable during the bankruptcy
process.

According to the Plan, upon Confirmation, current ownership will
maintain its status. Upon confirmation, Don Malik will have an
annual salary of $120,000.

The Plan says Class 5 Claimants (Allowed Unsecured Claims of
Non-Insider Unsecured Creditors), are impaired and shall be
satisfied as follows: All non-insider unsecured creditors shall
share pro rate in the Class 5 unsecured creditors pool. The Class 5
Claimants shall include the deficiency claim of all creditors in
class 3 and 4. The Debtor shall make monthly payments commencing on
the Effective Date of $2,500 into the unsecured creditors’ pool.
The Debtor shall make distributions to the Class 5 creditors every
90 days commencing 90 days after the Effective Date. The Debtor
shall make a total of 60 payments into the unsecured creditors
pool.  The Class 5 creditors are impaired and entitled to vote on
the Plan.

Class 2 Claimants (Allowed Priority Tax Claims) also are impaired
and shall be satisfied as follows: The Allowed Priority Amount of
all Tax Creditor Claims shall be paid out of the revenue from the
continued operations of the business. Collin County has filed a
Proof of Claim for unpaid business property taxes. The Debtor
believes the tax liability for unpaid Ad Valorem taxes to Collin
County to be $6,529.94. The Ad Valorem Taxes will receive
post-petition pre-confirmation interest at the state statutory rate
of 12% per annum and post-confirmation interest at the rate of 12%
per annum. The Debtors will pay the Ad Valorem Taxes in 60 equal
monthly payments commencing on the Effective Date. The Debtor may
pre-pay these taxes at any time without penalty.  The Taxing
Authorities shall retain their statutory senior lien position
regardless of other Plan provisions, if any, to secure their Tax
Claims until paid in full as called for by this Plan. Class 2
Claimants are entitled to vote on the Plan.

Class 3 Claimant (Allowed Secured Claim of BMO Harris N.A.) is
impaired and may vote on the Plan.  According to the Plan, this
claim shall be satisfied as follows: On or about December 3, 2014,
the Debtor executed that a Loan and Security Agreement with General
Electric Capital Corp. ("BMO") for the purchase of a 2015 Kennworth
Model T680 VIN 1XKYD49X7FJ451688; and a 2015 Kennworth Model T680
VIN 3WKYD49X4FF451684.  As of the Petition Date the balance owed to
BMO was asserted to be $250,839.76. The Debtor shall retain the
Collateral. The Debtor would show the current value of the
Collateral is $136,900. The Debtor shall pay BMO $136,900 with
interest at the rate of 6% per annum in 60 equal monthly
installments of $2,647. BMO shall maintain its security interests
in the Collateral until paid in full under the terms of this Plan.
The Class 3 creditor shall have the right to assert a Class 5 Claim
for the difference between the balance owed on the Petition Date
and the amount of the Allowed Class 3 claim.

Class 4 Claimant (Allowed Secured Claim of Mercedes Benz Financial
Services USA LLC) is also impaired and shall be satisfied as
follows: On or about December 18, 2014, the Debtor executed a Texas
Motor Vehicle Retail Installment Contract ("Contract") with
Mercedes Benz Financial Services USA, LLC ("Mercedes") for the
purchase of a 2015 Freightliner Model Cascadia VIN
3AKJLLD55FSGS6075 ("Truck"); and a 2016 Great Dane Trailer VIN
1GRAA0623GW700067 (Trailer").  As of the Petition Date the balance
on the Contract was asserted to be $149,405.42. The Debtor shall
retain the Truck. The Debtor would show the current value ofthe
Truck is $75,000. The Debtor shall pay Mercedes $68,450 with
interest at the rate of 6% per annum under New Truck Contract in 60
equal monthly installments of $1,301. Mercedes shall maintain its
security interests in the Truck until paid in full under the terms
of this Plan.  The Debtor has previously surrendered the Trailer to
Mercedes. After the sale of the Trailer, Mercedes shall have the
right to assert a Class 5 Claim for the difference between the
balance owed on Contract on the Petition Date and the amount of the
Class 4 Claim. The 4 Creditor is impaired and may vote on the
Plan.

A copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/txeb17-42023-00039.pdf

                        About US Rave Inc.

US Rave, Inc. operates a trucking business in Allen, Texas.  US
Rave filed a Chapter 11 petition (Bankr. E.D. Tex. Case No.
17-42023) on September 13, 2017.  The petition was signed by Don
Malik, its president.

The Company previously filed a voluntary Chapter 11 case (Bankr.
E.D. Tex. Case No. 16-41835) on Oct. 5, 2016.  That case was
dismissed August 10, 2017.

Judge Brenda T. Rhoades presides over the 2017 case. The Debtor is
represented by represented by Eric A. Liepins, Esq.

At the time of filing, the Debtor estimates $629,000 in total
assets and $1,120,000 in total liabilities.


USI SERVICES: Wants Insurance Premium Finance Pact With FIRST
-------------------------------------------------------------
USI Services Group, Inc., and its affiliates ask the U.S.
Bankruptcy Court for the District of New Jersey for authority to
enter into insurance premium finance agreement with FIRST Insurance
Funding, a Division of Lake Forest Bank & Trust Company, N.A.

The Debtors currently employ approximately 2,200 people while
operating their business in the normal course.  To the extent the
Debtors provide janitorial, security, landscaping and snow removal
it is necessary to maintain adequate insurance coverage, among
which, includes commercial, general liability and excess liability
insurance coverage.

The Debtors have two existing accounts with FIRST Insurance
Funding, a Division of Lake Forest Bank & Trust Company, N.A., for
its umbrella, liability, general liability, and employment
practices insurance coverage that was financed prior to the filing
of the petition (Account numbers 900-6031587 & 900-5514815).  As of
Feb. 12, 2018, the Debtors owed eight additional payments of
$4,001.75 for a total due on Account number 900-6031587 of $32,014.
The remaining eight payments are due and owing monthly, with the
next payment due on Feb. 25, 2018.  Similarly, as of Feb. 12, 2018,
the Debtors owed three additional payments of $34,465.34 for a
total due on Account number 900-5514815 of $103,396.02.  The
remaining three payments are due and owing monthly, with the next
payment due on Feb. 22, 2018.  While payment of insurance
obligations are an ordinary course of business payment authorized
by the U.S. Bankruptcy Code, out of the abundance of caution, the
Debtors are seeking approval of the remaining financed payments
with FIRST for the insurance coverage in accordance with the
agreements entered into prepetition.

In addition, the Debtors are prepared to execute a Commercial
Premium Finance Agreement with FIRST for the financing of the
Debtors' insurance policies upon court approval.

Pursuant to the Premium Finance Agreement, FIRST will provide
financing to the Debtors for the purchase of the Policies which are
essential for the operation of Debtors' business.

Under the Premium Finance Agreement, the total premium amount is
$449,100 and the total amount to be financed is $336,262.50.  Under
the Premium Finance Agreement, Debtors will become obligated to pay
FIRST the sum of $343,938.60 in addition to the down payment that
has already been paid on the amount of $112,837.50 and the balance
in 10 monthly installments of $34,393.86 each.  The installment
payments are due on the 9th day of each month commencing on March
9, 2018.  As collateral to secure the repayment of the total of
payments, any late charges, attorney's fees and costs
(Indebtedness) under the Premium Finance Agreement, Debtors are
granting FIRST a security interest in, among other things, the
unearned premiums of the Policies.

The Premium Finance Agreement provides that the law of New Jersey
governs the transaction.

Pursuant to the terms of the Premium Finance Agreement, Debtors are
appointing FIRST as its attorney-in-fact with the irrevocable power
to cancel the policies and collect the unearned premium in the
event Debtor is in default of its obligations under the Premium
Finance Agreement.

The Debtors and FIRST have reached an agreement that the adequate
protection appropriate for this situation would be as follows:

     a) the Debtors be authorized and directed to timely make all
        payments due under the Premium Finance Agreements and
        FIRST be authorized to receive and apply payments to
        indebtedness owed by the Debtor to FIRST as provided in
        the Premium Finance Agreements; and

     b) if the Debtor does not make any of the payments due under
        the Premium Finance Agreements as they become due, the
        automatic stay will automatically lift to enable FIRST
        and/or third parties, including insurance companies
        providing the coverage under the Policies, to take all
        steps necessary and appropriate to cancel the Policies,
        collect the collateral and apply collateral to
        indebtedness owed to FIRST by the Debtor.  In exercising
        the rights, FIRST and/or third parties will comply with
        the notice and other relevant provisions of the Premium
        Finance Agreement.

The Debtors believe that the terms of the Premium Finance Agreement
are commercially fair and reasonable including the granting of a
lien on the Policies to FIRST.  The Debtors are required to
maintain adequate insurance coverage and without it, would be
forced to cease operation.  The Debtors have been unable to obtain
unsecured credit to fund the Policies.

A copy of the Debtors' request is available at:

          http://bankrupt.com/misc/njb18-10153-74.pdf

                     About USI Services

USI Services Group, Inc., provides facility management services and
solutions to pharmaceutical campuses, commercial office buildings,
shopping mall or national retailers, industrial complex or major
entertainment venues.  USI offers complete janitorial service
programs, hard surface floor care, carpet care programs, window
cleaning, post construction cleaning, landscaping & design, snow
management, parking lot lighting, parking lot maintenance, parking
lot striping, facility management, 3rd party contract management,
HVAC services, security services, electronic security solutions and
energy management.  The company is headquartered in Union, New
Jersey.

USI Services Group and its affiliates filed Chapter 11 petitions
(Lead Bankr. D.N.J. Case No. 18-10153) on Jan. 3, 2018.  In the
petitions signed by Frederick G. Goldring, president, USI estimated
at least $50,000 in assets and $1 million to $10 million in
liabilities.  The cases are assigned to Judge John K. Sherwood.
Mandelbaum Salsburg P.C. serves as counsel to the Debtor.


VESCO CONSULTING: 2nd Amended Reorganization Plan Confirmed
-----------------------------------------------------------
Judge Elizabeth E. Brown of the U.S. Bankruptcy Court for the
District of Colorado issued an order confirming VESCO Consulting
Services, LLC's second amended plan of reorganization dated Jan.
29, 2018.

The Debtor has complied with all applicable provisions of chapter
11 of the Bankruptcy Code, and the Plan has been proposed in good
faith and the Plan is not proposed by any means forbidden by law.

With respect to each impaired Class of Claims or Member Interests,
each holder of a Claim or Member Interest has either accepted the
Plan or has been deemed to have accepted the Plan.

As of the Effective Date, the property of the Debtor will vest in
Reorganized VESCO, subject to the terms of the Plan including the
Liens retained by holders of Allowed Secured Claims. From and after
the Effective Date, Reorganized VESCO may operate its business and
may use, acquire, and dispose of its assets and property free of
any restrictions of the Bankruptcy Code, but in accordance with the
provisions of the Plan. As of the Effective Date, all assets of the
Debtor and the Estate will be free and clear of all Claims, Liens
encumbrances, charges, and other interests, except as provided in
the Plan or this Confirmation Order.

                 About VESCO Consulting Services

VESCO Consulting Services, LLC, leases properties to mine
construction aggregates (sand and gravel) and sells and delivers
the material to its customers, which are typically concrete and
asphalt producers as well as oil and gas construction companies.
VESCO also engages in trucking activities, construction, custom
crushing, and mine reclamation.

VESCO sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Col. Case No. 16-21351) on Nov. 19, 2016.  In the
petition signed by Michael Miller, president, the Debtor estimated
its assets and liabilities at $1 million to $10 million.

The case is assigned to Judge Elizabeth E. Brown.

The Debtor is represented by Kevin S. Neiman, Esq., at the Law
Offices of Kevin S. Neiman, PC.

An official committee of unsecured creditors has not been appointed
in the Chapter 11 case.


VIP RESORT: Taps J&L Unlimited as Bookkeeper
--------------------------------------------
VIP Resort, LLC, seeks approval from the U.S. Bankruptcy Court for
the District of Nevada to hire a bookkeeper.

The Debtor proposes to employ J&L Unlimited, LLC, to provide
general bookkeeping services; assist in the preparation of its
schedules; and maintain its financial books and records.

The firm will charge these monthly rates for its services:

     Bookkeeping or Payroll Only     Starts at $100 Monthly
     Bookkeeping and Payroll         Starts at $150 Monthly

Jess Aquino Murillo, owner of J&L, disclosed in a court filing that
she and other members of her firm do not hold or represent any
interest adverse to the Debtor and its estate.

J&L can be reached through:

     Jess Aquino Murillo
     J&L Unlimited, LLC
     1011 W. Main Street, Suite 8
     Jacksonville, AR 72076
     Tel: (501) 457-7959/ (702) 283-0578
     Fax: (702) 577-0417
     E-mail: jltaxservice@gmail.com

                        About VIP Resort

VIP Resort LLC, formerly A-VIP Pet Resort --
http://www.a-vippetresort.com/-- is a privately owned provider of
dog & cat boarding services.  It is located in the heart of Las
Vegas, just minutes from both McCarran International Airport and
the famous Las Vegas Strip.

VIP Resort sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Nev. Case No. 17-16841) on Dec. 27, 2017.  In the
petition signed by Kurt Williams, its managing member, the Debtor
estimated assets and liabilities of $1 million to $10 million.
Judge Laurel E. Davis presides over the case.  Schwartz Flansburg
PLLC is the Debtor's legal counsel.


WEATHERFORD INTERNATIONAL: Has Cash Tender Offer for 9.625% Notes
-----------------------------------------------------------------
Weatherford International plc announced that Weatherford
International Ltd., a Bermuda exempted company and indirect, wholly
owned subsidiary of the Company, commenced a tender offer to
purchase for cash any and all of its 9.625% senior notes due 2019.

The terms and conditions of the Tender Offer are described in an
Offer to Purchase, dated Feb. 21, 2018 and a related notice of
guaranteed delivery.

The Tender Offer will expire at 5:00 p.m., New York City time, Feb.
27, 2018, unless extended or earlier terminated by Weatherford
Bermuda.  No tenders submitted after the Expiration Time will be
valid.  Subject to the terms and conditions of the Tender Offer,
the consideration for each $1,000 principal amount of Notes validly
tendered (and not validly withdrawn) and accepted for purchase
pursuant to the Tender Offer will be the tender offer consideration
for the Notes, plus accrued and unpaid interest, if any, on those
Notes from the last interest payment date with respect to those
Notes to, but not including, the Settlement Date (as that term is
defined in the Offer to Purchase).

Title of Notes: 9.625% Senior Notes due 2019

CUSIP Number: 947075AF4

Aggregate Principal Amount Outstanding: $485,196,000

Tender Offer Consideration: $1,069.00

Tendered Notes may be withdrawn from the Tender Offer prior to the
earlier of (i) the Expiration Time and (ii) if the Tender Offer is
extended, the 10th business day after the commencement of the
Tender Offer, and as otherwise required by law.

The Tender Offer is not conditioned upon any minimum amount of
Notes being tendered.  However, the Tender Offer is subject to, and
conditioned upon, the satisfaction or waiver of certain conditions
described in the Offer to Purchase, including the completion by
Weatherford International, LLC, a Delaware limited liability
company, of its concurrently announced offering of senior notes.

Deutsche Bank Securities Inc., Citigroup Global Markets Inc.,
Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Wells Fargo
Securities, LLC, Skandinaviska Enskilda Banken AB (publ), TD
Securities (USA) LLC, RBC Capital Markets, LLC, Barclays Capital
Inc., Standard Chartered Bank, UniCredit Capital Markets LLC and
BBVA Securities Inc. are the dealer managers in the Tender Offer.
D.F. King & Co., Inc. has been retained to serve as both the tender
agent and the information agent for the Tender Offer. Persons with
questions regarding the Tender Offer should contact Deutsche Bank
Securities at (toll-free): (855) 287-1922 or (collect): (212)
250-7527.  Requests for copies of the Offer Documents and other
related materials should be directed to D.F. King & Co., Inc. at
(toll-free): (888) 541-9895 or by email to weatherford@dfking.com
or via the following web address: www.dfking.com/weatherford.

                        About Weatherford

Weatherford International plc (NYSE: WFT), an Irish public limited
company and Swiss tax resident -- http://www.weatherford.com/-- is
a multinational oilfield service company.  Weatherford provides
equipment and services used in the drilling, evaluation,
completion, production and intervention of oil and natural gas
wells.  The Company operates in over 90 countries and has a network
of approximately 800 locations, including manufacturing, service,
research and development, and training facilities and employs
approximately 29,200 people.

Weatherford reported a net loss attributable to the Company of
$2.81 billion in 2017, a net loss attributable to the Company of
$3.39 billion in 2016, and a net loss attributable to the Company
of $1.98 billion in 2015.

As of Dec. 31, 2017, Weatherford had $9.74 billion in total assets,
$10.31 billion in total liabilities and a total shareholders'
deficiency of $571 million.

                         *     *     *

As reported by the TCR on Nov. 20, 2017, Fitch Ratings affirmed
Weatherford and its subsidiaries' Long-Term Issuer Default Ratings
(IDR) and senior unsecured ratings at 'CCC'.  WFT's 'CCC' rating
reflects exposure to the oilfield services sector and a stressed
balance sheet.  Fitch expects an extended down-cycle and delayed
recovery from Fitch initial sector recovery expectations due to low
to range-bound oil and gas prices.


WEATHERFORD INTERNATIONAL: Will Sell $600 Million of Senior Notes
-----------------------------------------------------------------
Weatherford International plc announced the launch of a private
offering of $600 million aggregate principal amount of senior notes
due 2025 to qualified institutional buyers pursuant to Rule 144A
under the Securities Act of 1933, as amended, and to certain
non-U.S. persons in accordance with Regulation S under the
Securities Act.  The Notes will be senior, unsecured obligations of
Weatherford International, LLC, a Delaware limited liability
company and an indirect, wholly owned subsidiary of the Company.
The Notes will be fully and unconditionally guaranteed, on a
senior, unsecured basis, by the Company and by Weatherford
International Ltd., a Bermuda exempted company and an indirect,
wholly owned subsidiary of the Company.

The purpose of the Offering is to repay in full the Company's 6.00%
senior notes due March 2018, to fund a concurrently announced
tender offer to purchase for cash any and all of the Company's
9.625% senior notes due 2019 and for debt repayment.  The Offering
is not conditioned on the consummation of the Tender Offer.  The
Tender Offer is conditioned on, among other things, the Offering.

The Notes will not be registered under the Securities Act or any
state securities laws and may not be offered or sold in the United
States absent registration or an applicable exemption from such
registration requirements.

                       About Weatherford

Weatherford International plc (NYSE: WFT), an Irish public limited
company and Swiss tax resident -- http://www.weatherford.com/-- is
a multinational oilfield service company.  Weatherford provides
equipment and services used in the drilling, evaluation,
completion, production and intervention of oil and natural gas
wells.  The Company operates in over 90 countries and has a network
of approximately 800 locations, including manufacturing, service,
research and development, and training facilities and employs
approximately 29,200 people.

Weatherford reported a net loss attributable to the Company of
$2.81 billion in 2017, a net loss attributable to the Company of
$3.39 billion in 2016, and a net loss attributable to the Company
of $1.98 billion in 2015.

As of Dec. 31, 2017, Weatherford had $9.74 billion in total assets,
$10.31 billion in total liabilities and a total shareholders'
deficiency of $571 million.

                         *     *     *

In November 2017, Fitch Ratings affirmed Weatherford and its
subsidiaries' Long-Term Issuer Default Ratings (IDR) and senior
unsecured ratings at 'CCC'.  WFT's 'CCC' rating reflects exposure
to the oilfield services sector and a stressed
balance sheet.  Fitch expects an extended down-cycle and delayed
recovery from Fitch initial sector recovery expectations due to low
to range-bound oil and gas prices.


WEINSTEIN CO: To Seek Ch.11 Protection After Sale Talks End
-----------------------------------------------------------
Jonathan Randles, writing for the The Wall Street Journal, reports
that The Weinstein Co. said late Sunday it will file for bankruptcy
after talks to sell the company outside of chapter 11 to a group
led by businesswoman Maria Contreras-Sweet ended.

"While we recognize that this is an extremely unfortunate outcome
for our employees, our creditors and any victims, the Board has no
choice but to pursue its only viable option to maximize the
Company's remaining value: an orderly bankruptcy process," the
Weinstein Co. said in an email, according to WSJ.

The WSJ report notes the decision comes two weeks after New York
Attorney General Eric Schneiderman filed a lawsuit against the
studio alleging sexual harassment and civil-rights violations.

The report also notes a chapter 11 filing will halt lawsuits that
have been filed against the studio.  Women who have sued the
Weinstein Co. over Harvey Weinstein's alleged sexual misconduct
would be treated as low-ranking creditors—behind banks that have
lent the studio money.

The report recounts the studio had been close to a deal with Ms.
Contreras-Sweet's group before the lawsuit was filed and parties
continued to discuss a deal after the legal action was taken. The
studio said in an email that it would prepare a bankruptcy filing
"in the coming days."

According to a report by The New York Times, the deal with
Contreras-Sweet was said to be worth $500 million -- "roughly $275
million for the Weinstein Company, plus the assumption of $225
million in debt."

WSJ also relates the studio's board said in a separate letter
addressed to Ms. Contreras-Sweet and billionaire Ron Burkle, who
was backing the deal, that the most recent terms of a sale proposal
they provided weren't viable.  A recent draft from Ms.
Contreras-Sweet and Mr. Burkle was incomplete and didn't include
interim funding that would be needed to pay employees, and would
have saddled the company with additional liabilities, the letter
said.

The board also said it had been working with its advisers over the
last several days to present an agreement for Mr. Schneiderman's
approval, the letter said.

Ms. Contreras-Sweet and Mr. Burkle couldn't immediately be reached
for comment.

According to the report, Weinstein Co. has been searching for a
buyer that could keep it out of bankruptcy.  The proposed deal from
Ms. Contreras-Sweet's group was the only known offer that wouldn't
have required Weinstein Co. file for chapter 11 protection.

Ms. Contreras-Sweet founded Latino-focused Pro-America Bank, which
was bought by Pacific Commerce Bank in 2015. She also led the Small
Business Administration under President Barack Obama.

Gloria Allred, the attorney representing many of Harvey Weinstein's
alleged victims, "was angry with the timing of the New York
attorney general's lawsuit precisely because she feared it would
kill the deal and lead to bankruptcy . . . which would hurt the
victims' chances for compensation," as NPR's Elizabeth Blair told
Morning Edition, according to an NPR report.


WET SEAL: Delays Plan to Pursue Avoidance Actions, Tax Refunds
--------------------------------------------------------------
The Wet Seal, and its debtor-affiliates ask the U.S. Bankruptcy
Court for the District of Delaware to further extend the exclusive
periods within which only the Debtors may file a chapter 11 plan
and solicit acceptances thereof by approximately 90 days, through
and including May 29, 2018, and July 30, 2018, respectively.

Unless extended, the Debtors' Plan Period and Solicitation Period
will expire on Feb. 27, 2018, and April 30, 2018, respectively.

While the Debtors were pursuing the various value-maximizing
liquidation efforts, they also negotiated, together with the
Committee and Crystal Financial, LLC ("Senior Agent"), the
continued consensual use of cash collateral during the pendency of
these Chapter 11 Cases. As a result of those efforts, and upon the
agreement reached with the Committee and the Senior Agent, the
Court entered that certain Final Cash Collateral Order.

Upon the terms set forth in the Final Cash Collateral Order, and
the stipulation and numerous amended budgets filed subsequently
thereto, the Debtors continue to, among other things, wind down
their operations and seek to recover on claims held by the estates.
The consensual use of cash collateral was most recently extended
through and including March 31, 2018.

On March 3, 2017, the Court entered a final order approving, among
other things, the implementation of the store closing sales and
related ecommerce sale initiatives described in the GOB Sale
Motion, all of which concluded by or about the end of February
2017. In conjunction therewith, the Debtors vacated their retail
properties, rejected their underlying nonresidential real property
leases, ceased substantially all operations, and terminated
substantially all of their employees.

As discussed on the record at the March 3 hearing, the
Court-approved settlement reached between the Debtors, the
Committee and the Senior Agent established a waterfall that will
govern the distribution scheme for the proceeds of certain
avoidance actions that have been -- and will continue to be --
pursued by the Debtors' estates.

According to the Final Cash Collateral Order, avoidance action
proceeds will be distributed as follows: first, to the Senior
agent, until such Senior Agent is repaid its prepetition claim in
full; second, to fund the remainder of "stub rent" claims; third,
to fund claims arising under section 503(b)(9) of the Bankruptcy
Code; and fourth, to fund any other administrative claims that have
not been paid during the course of the Chapter 11 Cases. As of
February 21, 2018, the Senior Agent's prepetition claim has not
been repaid in full.

ASK LLP, the special counsel to the Debtors, is currently engaged
with various potential defendants regarding the estates' claims
arising under chapter 5 of the Bankruptcy Code, and the Debtors
expect that ASK will continue to diligently consider all available
recourse against such parties in an effort to maximize value for
the Debtors' estates and creditors. The outcome of the Avoidance
Actions, among other things, will determine whether the Debtors
have sufficient assets to pursue a chapter 11 plan and/or make
distributions to various creditors in connection therewith or
otherwise, including with respect to “stub rent” claims and
Section 503(b)(9) Claims.

The Debtors report that as of February 21, 2018, ASK has settled
numerous claims held by the estates, including a number that were
significant in amount, and is preparing to pursue, or has already
initiated, litigation against other defendants, as appropriate,
while also continuing to resolve matters on a consensual basis.
ASK, on behalf of the Debtors' estates, has filed numerous
complaints against preference defendants and pretrial conferences
have either occurred or continue to be scheduled, as appropriate.
Moreover, ASK has successfully settled numerous Avoidance Actions,
which has resulted in immediate payments to the Debtors and their
estates.

Additionally, at this time, Ernst & Young LLP, the tax advisory
services provider of the Debtors, has continued to diligently
interface with taxing authorities to pursue employment tax refunds,
and the Debtors anticipate realizing valuable returns from these
efforts. After satisfying any and all obligations to EY LLP,
consistent with the terms of the cash collateral budget, any
proceeds obtained by EY LLP on behalf of the Debtors' estates will,
in the first instance, be used to further pay down the Senior
Agent's prepetition claim, for the benefit of all interested
parties. The Debtors believe that, with EY LLP's assistance, the
estates may be able to recover significant proceeds through the
preparation and pursuit of applicable refunds.

Accordingly, the Debtors now seek an additional extension of the
Exclusive Periods so that, among other things, ASK may be afforded
sufficient time to further pursue the Avoidance Actions and recover
maximum proceeds generated thereby, and EY LLP may, similarly, be
afforded sufficient time to pursue tax refunds from applicable
taxing authorities.

The results of these respective efforts will, largely, allow the
Debtors to determine the scope of future distributions and, in
connection therewith, the prospect for a viable chapter 11 plan (or
plans). Once the Avoidance Actions have run their course and the
Debtors have otherwise explored all viable ways to realize value
from the estates' remaining assets, including the pursuit of tax
refunds by EY LLP, the Debtors will evaluate their administrative
liabilities (if any) and determine the feasibility of a chapter 11
plan.

Accordingly, the Debtors believe that it is appropriate to maintain
the Exclusive Periods so as to reduce any administrative expenses
that may be incurred in connection with any competing chapter 11
plan(s) that are filed before it can be accurately determined
whether any chapter 11 plan can be confirmed and, if so, which
Debtors have the ability to do so.

                        About The Wet Seal

The Wet Seal, LLC, and its affiliates are a national multi-channel
specialty retailer selling fashion apparel and accessory items
designed for female customers aged 18 to 24 years old.  They are
currently comprised of two primary units: the retail store business
and an e-commerce business. Through their retail store business,
they operate approximately 142 retail locations in 37 states,
principally in lease-based mall locations.  They also have
historically sold gift cards, which business has been primarily
operated through The Wet Seal Gift Card, LLC.

The Wet Seal, LLC, also known as The Wet Seal (2015), LLC, sought
Chapter 11 protection (Bankr. D. Del. Case No. 17-10229) on Feb. 2,
2017. The petitions were signed by Judd P. Tirnauer, executive vice
president and chief financial officer.

The cases are assigned to Judge Christopher S. Sontchi.

The Debtors estimated assets in the range of $10 million to $50
million and $50 million to $100 million in debt.

The Debtors tapped Robert S. Brady, Esq., Michael R. Nestor, Esq.,
Jaime Luton Chapman, Esq., Andrew L. Magaziner, Esq., of the Young
Conaway Stargatt & Taylor, LLP, as counsel. They also tapped
Berkeley Research Group, LLC, as financial advisors; Hilco IP
Services, LLC dba Hilco Streambank as intellectual property
disposition consultant; and Donlin, Recano & Company as claims and
noticing agent. The Debtors employ Ernst & Young LLP, as tax
advisor to the Debtors.

The Official Committee of Unsecured Creditors tapped Cooley LLP and
Saul Ewing LLP as its attorneys.


WWLC INVESTMENT: Plan Confirmation Hearing Set for March 27
-----------------------------------------------------------
The Hon. Brenda T Rhoades of the U.S. Bankruptcy Court for the
Eastern District of Texas has given WWLC Investment, L.P. the green
light to poll its creditors on its Chapter 11 Plan of
Reorganization.

Judge Rhoades on Feb. 14 entered an Order approving an Amended
Disclosure Statement explaining the Debtor's revised Chapter 11
Plan.  The Debtor filed the Amended Plan documents on Feb. 14.

The Court will hold a hearing to consider confirmation of the
Amended Plan on March 27, 2018, at 9:30 a.m. at Plano Bankruptcy
Courtroom.   The last day to Object to Confirmation is March 19.
Ballots accepting or rejecting the Plan are due by March 21.

                     About WWLC Investment
  
WWLC Investment, L.P., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Tex. Case No. 17-41913) on Sept. 1,
2017.  In the petition signed by authorized representative Wendy
Chen, the Debtor estimated assets and liabilities of less than
$50,000.  Judge Brenda T. Rhoades presides over the case.  The
Debtor hired Quilling Selander Lownds Winslett & Moser, P.C., as
legal counsel; and Palmer & Manuel, LLP, and The Erikson Firm as
special counsel.



WWLC INVESTMENT: Wins Extension of Plan Exclusivity
---------------------------------------------------
The Hon. Brenda T Rhoades of the U.S. Bankruptcy Court for the
Eastern District of Texas granted the request of WWLC Investment,
L.P. to increase the 180-day exclusivity period to confirm a
Chapter 11 Plan.

As reported by the Troubled Company Reporter on Feb. 5, 2018, WWLC
Investment, L.P., asked the Court for an extension of the 180-day
exclusive period to confirm its Plan until April 13, 2018.

The Debtor said that the time requirements for obtaining a setting
on both a disclosure statement and confirmation hearing within 60
days from filing a plan and disclosure statement is challenging
anytime of the year, but is more so at the end of the year.  The
Debtor filed its Plan on Dec. 29, 2017. Typical delays caused by
the end-of-the-year holidays and vacations partially resulted in
the disclosure statement hearing being set on Feb. 13, 2018 using
46 of the 60 days.

The Debtor noted that it continues to have the exclusive right to
solicit votes for its Plan until Feb. 27, 2018.  The process to set
a confirmation hearing requires at least 28-day notice of the
deadline to object to confirmation of the Plan, with the hearing
typically a week later.  Along with a few additional days for the
Debtor to accomplish the mail-out of the Plan, Disclosure
Statement, Ballots and Notice of Hearing, the Debtor will require
approximately 6-weeks to reach confirmation after the disclosure
statement hearing.

Given the scheduling challenges, the Debtor believes that it will
not be able to obtain approval of its Disclosure Statement any
earlier than February 13, 2018. Moreover, the Debtor asserts that
its plan is likely to be accepted by its creditors and confirmed in
a timely fashion since the Plan provides for 100% payment of all
allowed claims.

                     About WWLC Investment
  
WWLC Investment, L.P., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Tex. Case No. 17-41913) on Sept. 1,
2017.  In the petition signed by authorized representative Wendy
Chen, the Debtor estimated assets and liabilities of less than
$50,000.  Judge Brenda T. Rhoades presides over the case.  The
Debtor hired Quilling Selander Lownds Winslett & Moser, P.C., as
legal counsel; and Palmer & Manuel, LLP, and The Erikson Firm as
special counsel.


YONG XIN: Needs More Time for Ocean View Estate Project OK
----------------------------------------------------------
Yong Xin Investment Group, LLC, asks the U.S. Bankruptcy Court for
the Central District of California to extend to July 1, 2018, the
exclusive period during which only the Debtor can file a plan.

The 120-day period during which only the Debtor can file a plan
under 11 U.S.C. Section 1121(d) will expire on March 20, 2018.  The
90-day period during which the Debtor must file a plan under 11
U.S.C. Section 362(d)(3)will expire on Feb. 18, 2018.

The Debtor believes that an extension of the deadline to July 1
should be sufficient to resolve any claim objections, to apprise
the Court of the status of the final map process, and to file a
disclosure statement and plan.  The resolution of claims will
affect the nature, classification and amount of claims, which is
necessary for the formulation of the plan of reorganization.

The Debtor is in the process of obtaining a final map for the
development of Ocean View Estate Project, a real estate project for
building 17 single family homes in Los Angeles County, and granting
an extension would allow sufficient time for the County to consider
the Debtor's proposal.  The Debtor has commenced making adequate
protection payments to the secured creditor Ta Siu and Qin Chen on
Feb. 15, 2018.

The Court has set a deadline of April 2, 2018, as the bar date for
filing claims, and May 1, 2018, as the deadline for filing
objections to claims.  In compliance with the Court's ruling, the
Debtor sent notices of bar date to all interested parties on Jan.
31, 2018.

The Debtor has promptly prosecuted this case by obtaining a claims
bar date and by serving the notice of claims bar date.  After the
creditors have timely filed their claims, the resolution of claim
disputes is crucial to the formulation of a plan of
reorganization.

Whether or not the County would grant the final map as well as the
details of the approved map would affect the Debtor's development
plan, which is key to the success of the Debtor's reorganization.

Moreover, no creditor has filed any motion designating this case as
a single asset real estate case, nor has the Court determined that
the Debtor's case is a single asset real estate case, thereby
triggering the 30-day requirement under 11 U.S.C. Section
362(d)(3).

Furthermore, the Debtor has negotiated with counsel for the secured
creditor Ta Siu and Qin Chen regarding payment of adequate
protection during the pendency of this case.  Within 90 days after
the petition date, on Feb. 15, 2018, the Debtor made the first
monthly adequate protection payment in the amount of $20,800 to the
secured creditor.

The Debtor believes that Section 362(d)(3) may not be applicable to
this case since there has been no determination that this case is
subject to such section.  However, in an abundance of caution, the
Debtor started making adequate protection payment to the secured
creditor in an attempt to resolve all disputes between the parties
without wasting the Court's valuable time.

Assuming Section 362(d)(3) is applicable, the Debtor respectfully
requests that the 90-period for filing a plan be extended to July
1, 2018.  In light of the peculiar circumstances in this case,
i.e., the complicated procedures involved in obtaining a final map
from the County of Los Angeles, an extension in this case is well
within the limits of reasonableness.

A copy of the Motion is available at:

          http://bankrupt.com/misc/cacb17-24288-25.pdf

               About Yong Xin Investment Group

Yong Xin Investment Group, LLC, is a California Domestic Limited
Liability Company founded in 2013 engaged in the real estate
business.  The company owns 40 acres of land in Hacienda Heights,
California, valued by the company at $6.50 million. Qing Zhang
holds 90% LLC membership interest in Yong Xin Investment.  The
remaining 10% is held by Howard Shih.

Yong Xin Investment filed a Chapter 11 petition (Bankr. C.D. Cal.
Case No. 17-24288) on Nov. 20, 2017.  The petition was signed by
Howard Shih, its manager.

James S. Yan, Esq., at Law Offices of James S. Yan represents the
Debtor as counsel.  Judge Robert N. Kwan presides over the case.

At the time of filing, the Debtor estimated $6.52 million in assets
and $8.02 million in liabilities.


[*] Hunton & Williams, Andrews Kurth Kenyon Vote to Combine Firms
-----------------------------------------------------------------
Hunton & Williams LLP and Andrews Kurth Kenyon LLP on Feb. 21,
2018, disclosed that both partnerships have approved an agreement
to combine effective April 2, 2018, to become Hunton Andrews Kurth
LLP.

Both firms' partnerships voted overwhelmingly to approve the
combination, which will create a 1,000-lawyer firm operating
through 15 domestic and five international locations, making it one
of the top 50 US legal practices by headcount and anticipated
combined revenue.

Hunton Andrews Kurth will have approximately 300 lawyers in four
Texas offices, more than 200 lawyers in Richmond and more than 150
lawyers in each of New York and Washington.  It will bring together
preeminent energy practices, as well as sophisticated capital
markets, financial services and commercial litigation practices.

Wally Martinez, managing partner of Hunton & Williams, said: "This
is a merger of two great firms already aligned around complementary
practices and geography.  Together we strike a bolder geographic
footprint in key markets and establish ourselves as a powerhouse in
Texas.  Our focus on providing exceptional client service will not
change.  We will integrate our formidable transactional, litigation
and regulatory practices to serve our clients in shared areas of
industry strength.  This will greatly benefit our clients and our
people."

Robert V. Jewell, managing partner of Andrews Kurth Kenyon, said:
"Hunton Andrews Kurth brings together the history, reputation,
experience and resources of the legacy firms to create a law firm
that is greater than the sum of its parts.  We are excited about
the opportunities this combination provides for our firm and our
clients."

Martinez will serve as managing partner of the combined firm, and
Jewell will become managing partner emeritus.  Current Hunton
Executive Committee Chairman George C. Howell III will remain
chairman of the combined firm's executive committee, which will be
comprised of five legacy Andrews Kurth Kenyon partners and nine
legacy Hunton & Williams partners.  The merger is expected to take
effect after the close of Hunton's fiscal year at the end of
March.

                    About Hunton & Williams LLP

Hunton & Williams -- http://www.hunton.com/-- is a global law firm
serving clients in the United States, Europe, Latin America and
Asia.  The firm handles transactional, litigation and regulatory
matters for a diverse client base, with significant experience in
energy, financial services, real estate, retail and consumer
products, and privacy and cybersecurity.

                   About Andrews Kurth Kenyon LLP

Andrews Kurth Kenyon -- http://www.andrewskurthkenyon.com/--
represents a wide array of clients in multiple industries.


[*] James Snyder Joins Sidley Austin LLP as Partner
---------------------------------------------------
BankruptcyData.com reported that Sidley Austin LLP announced that
James Snyder has joined the firm in Chicago as a Partner in its
Global Finance practice. He was formerly a Partner at Winston &
Strawn LLP; and Snyder is focused on commercial finance matters,
including corporate lending transactions, acquisition finance,
specialty lending and other complex investments. He has
considerable experience representing both banks and alternative
lenders in senior secured and unsecured credit facilities,
first-out last-out, unitranche and other one-stop financings, first
and second lien transactions, mezzanine and subordinated financings
and cash flow and asset-based transactions. Snyder has counseled
both lenders and borrowers in connection with debtor-in-possession
financings, bankruptcy exit facilities, workouts and restructurings
and has also has advised private equity firms as well as public and
private corporations in financings and general corporate matters.


[*] Orange Lake to Sell $280,000 in Timeshare Loans
---------------------------------------------------
Orange Lake Country Club, Inc., will sell at public auction about
$280,512.10 of defaulted timeshare loans.

Orange Lake serves as sub-servicer of the defaulted timeshare
loans, and is selling the Property in bulk.

The Auction will take place on Wednesday, March 7, 2018 commencing
at 10:00 am at the lobby of 1201 Elm Street, Suite 4600, Dallas,
Texas 75270.

The outstanding principal balance of the loans comprising the
Property is approximately $280,512.10.  A minimum bid amount will
be required and such amount will be announced to interested parties
30 minutes prior to the Auction.

It is anticipated that the minimum bid amount will exceed
$241,537.80 -- Estimated Minimum Purchase Price.  The Property will
be conveyed via allonge(s) and one or more unrecorded collateral
assignment of mortgages/deeds of trust without warranties of any
kind and without title insurance.

To qualify to bid, an interested party must 30 minutes prior to the
Auction provide evidence satisfactory to Sub-servicer of its
ability to within 1 hour of the Auction produce cash or a cashier's
check in an amount exceeding the Estimated Minimum Purchase Price.
Information regarding the Property will be made available to
qualified bidders prior to the commencement of the Auction, and
such information will relate to the performance of the entirety of
the loan portfolio comprising the Property rather than information
regarding individual loans.

The Sub-Servicer may withdraw one or more, or all, of the loans
comprising the Property at any time through and including the time
of the Auction. The right is reserved to adjourn the day, time and
place of the Auction without further publication.


[*] Orange Lake to Sell $556,000 in Timeshare Loans
---------------------------------------------------
Orange Lake Country Club, Inc., will sell at public auction about
$556,451.71 in defaulted timeshare loans.

Orange Lake Country Club, Inc., serves as sub-servicer of the
defaulted timeshare loans, and is selling the Property in bulk.

The Auction shall take place on Wednesday, March 7, 2018 commencing
at 10:15 am at the lobby of 1201 Elm Street, Suite 4600, Dallas,
Texas 75270.

The outstanding principal balance of the loans comprising the
Property is approximately $556,451.71.  A minimum bid amount will
be required and such amount will be announced to interested parties
30 minutes prior to the Auction.

It is anticipated that the minimum bid amount will exceed
$409,827.18 -- Estimated Minimum Purchase Price.  The Property will
be conveyed via allonge(s) and one or more unrecorded collateral
assignment of mortgages/deeds of trust without warranties of any
kind and without title insurance.

To qualify to bid, an interested party must 30 minutes prior to the
Auction provide evidence satisfactory to Sub-servicer of its
ability to within 1 hour of the Auction produce cash or a cashier's
check in an amount exceeding the Estimated Minimum Purchase Price.
Information regarding the Property will be made available to
qualified bidders prior to the commencement of the Auction, and
such information will relate to the performance of the entirety of
the loan portfolio comprising the Property rather than information
regarding individual loans.

The Sub-Servicer may withdraw one or more, or all, of the loans
comprising the Property at any time through and including the time
of the Auction.  The right is reserved to adjourn the day, time and
place of the Auction without further publication.


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                                Total
                                               Share-      Total
                                    Total    Holders'    Working
                                   Assets      Equity    Capital
  Company         Ticker             ($MM)       ($MM)      ($MM)
  -------         ------           ------    --------    -------
ABSOLUTE SOFTWRE  ALSWF US           92.3       (56.6)     (34.0)
ABSOLUTE SOFTWRE  OU1 GR             92.3       (56.6)     (34.0)
ABSOLUTE SOFTWRE  ABT CN             92.3       (56.6)     (34.0)
ABSOLUTE SOFTWRE  ABT2EUR EU         92.3       (56.6)     (34.0)
AGENUS INC        AJ81 GR           149.3       (51.6)      29.9
AGENUS INC        AGEN US           149.3       (51.6)      29.9
AGENUS INC        AJ81 TH           149.3       (51.6)      29.9
AGENUS INC        AGENEUR EU        149.3       (51.6)      29.9
AGENUS INC        AJ81 QT           149.3       (51.6)      29.9
AGENUS INC        AGENUSD EU        149.3       (51.6)      29.9
ALTAIR ENGINEE-A  ALTR US           301.5       (60.2)     (92.4)
ALTAIR ENGINEE-A  8A2 QT            301.5       (60.2)     (92.4)
ALTAIR ENGINEE-A  ALTREUR EU        301.5       (60.2)     (92.4)
ALTAIR ENGINEE-A  8A2 GR            301.5       (60.2)     (92.4)
ALTAIR ENGINEE-A  8A2 GZ            301.5       (60.2)     (92.4)
ALTAIR ENGINEE-A  8A2 TH            301.5       (60.2)     (92.4)
AMER RESTAUR-LP   ICTPU US           33.5        (4.0)      (6.2)
AMYRIS INC        AMRS US           138.6      (190.4)      (5.7)
AMYRIS INC        3A01 TH           138.6      (190.4)      (5.7)
AMYRIS INC        3A01 GR           138.6      (190.4)      (5.7)
AMYRIS INC        3A01 QT           138.6      (190.4)      (5.7)
AMYRIS INC        AMRSEUR EU        138.6      (190.4)      (5.7)
AMYRIS INC        AMRSUSD EU        138.6      (190.4)      (5.7)
APOLLO MEDICAL H  AMEH US            41.2        (7.3)      (7.0)
ARSANIS INC       ASNS US             7.6       (16.7)      (6.3)
ASPEN TECHNOLOGY  AZPN US           195.8      (274.5)    (341.7)
ASPEN TECHNOLOGY  AST GR            195.8      (274.5)    (341.7)
ASPEN TECHNOLOGY  AST TH            195.8      (274.5)    (341.7)
ASPEN TECHNOLOGY  AZPNEUR EU        195.8      (274.5)    (341.7)
ASPEN TECHNOLOGY  AST QT            195.8      (274.5)    (341.7)
ASPEN TECHNOLOGY  AZPNUSD EU        195.8      (274.5)    (341.7)
ATLATSA RESOURCE  ATL SJ            193.5      (142.5)     (46.4)
AUTOZONE INC      AZO US          9,397.1    (1,525.1)    (350.4)
AUTOZONE INC      AZ5 TH          9,397.1    (1,525.1)    (350.4)
AUTOZONE INC      AZ5 GR          9,397.1    (1,525.1)    (350.4)
AUTOZONE INC      AZOEUR EU       9,397.1    (1,525.1)    (350.4)
AUTOZONE INC      AZ5 QT          9,397.1    (1,525.1)    (350.4)
AUTOZONE INC      AZOUSD EU       9,397.1    (1,525.1)    (350.4)
AUTOZONE INC      0HJL LN         9,397.1    (1,525.1)    (350.4)
AVAYA HOLDINGS C  AVYA US         5,898.0    (5,013.0)     (96.0)
AVID TECHNOLOGY   AVID US           225.3      (270.4)     (78.0)
AVID TECHNOLOGY   AVD GR            225.3      (270.4)     (78.0)
AXIM BIOTECHNOLO  AXIM US             3.3        (4.9)      (3.5)
BENEFITFOCUS INC  BNFT US           171.2       (37.0)       7.0
BENEFITFOCUS INC  BTF GR            171.2       (37.0)       7.0
BIOHAVEN PHARMAC  BHVN US           184.7       156.2      157.4
BIOHAVEN PHARMAC  2VN GR            184.7       156.2      157.4
BIOHAVEN PHARMAC  BHVNEUR EU        184.7       156.2      157.4
BIOHAVEN PHARMAC  2VN TH            184.7       156.2      157.4
BIOHAVEN PHARMAC  2VN QT            184.7       156.2      157.4
BLACKSTAR ENTERP  BEGI US             6.3        (4.7)      (5.2)
BLUE BIRD CORP    BLBD US           248.8       (65.3)      11.2
BLUE RIDGE MOUNT  BRMR US         1,060.2      (212.5)     (62.4)
BOKU INC          BOKU LN             -           -          -
BOKU INC          BOKUGBX EU          -           -          -
BOMBARDIER INC-A  BBD/A CN       25,006.0    (3,732.0)   1,837.0
BOMBARDIER INC-A  BDRAF US       25,006.0    (3,732.0)   1,837.0
BOMBARDIER INC-B  BBD/B CN       25,006.0    (3,732.0)   1,837.0
BOMBARDIER INC-B  BDRBF US       25,006.0    (3,732.0)   1,837.0
BOMBARDIER INC-B  BBDBN MM       25,006.0    (3,732.0)   1,837.0
BOMBARDIER INC-B  0QZP LN        25,006.0    (3,732.0)   1,837.0
BRINKER INTL      EAT US          1,400.5      (552.9)    (257.4)
BRINKER INTL      BKJ GR          1,400.5      (552.9)    (257.4)
BRINKER INTL      BKJ QT          1,400.5      (552.9)    (257.4)
BRINKER INTL      EAT2EUR EU      1,400.5      (552.9)    (257.4)
BROOKFIELD REAL   BRE CN             95.0       (31.1)       3.0
BRP INC/CA-SUB V  DOO CN          2,575.8       (98.6)      91.1
BRP INC/CA-SUB V  B15A GR         2,575.8       (98.6)      91.1
BRP INC/CA-SUB V  BRPIF US        2,575.8       (98.6)      91.1
BUFFALO COAL COR  BUC SJ             49.8       (22.9)     (20.1)
BURLINGTON STORE  BURL US         2,843.4      (110.5)      22.8
BURLINGTON STORE  BUI GR          2,843.4      (110.5)      22.8
BURLINGTON STORE  BURL* MM        2,843.4      (110.5)      22.8
BURLINGTON STORE  BURLEUR EU      2,843.4      (110.5)      22.8
BURLINGTON STORE  BURLUSD EU      2,843.4      (110.5)      22.8
CADIZ INC         CDZI US            68.9       (76.3)       7.6
CADIZ INC         2ZC GR             68.9       (76.3)       7.6
CADIZ INC         0HS4 LN            68.9       (76.3)       7.6
CAESARS ENTERTAI  CZR US         14,353.0    (3,815.0)  (5,099.0)
CAESARS ENTERTAI  C08 GR         14,353.0    (3,815.0)  (5,099.0)
CAESARS ENTERTAI  CZREUR EU      14,353.0    (3,815.0)  (5,099.0)
CALIFORNIA RESOU  CRC US          6,183.0      (574.0)    (294.0)
CALIFORNIA RESOU  1CLB GR         6,183.0      (574.0)    (294.0)
CALIFORNIA RESOU  CRCEUR EU       6,183.0      (574.0)    (294.0)
CALIFORNIA RESOU  1CL TH          6,183.0      (574.0)    (294.0)
CALIFORNIA RESOU  1CLB QT         6,183.0      (574.0)    (294.0)
CALIFORNIA RESOU  CRCUSD EU       6,183.0      (574.0)    (294.0)
CAMBIUM LEARNING  ABCD US           155.0       (45.0)     (55.0)
CARDLYTICS INC    CDLX US            93.4        (9.2)      38.0
CASELLA WASTE     WA3 GR            592.4       (60.5)      (1.4)
CASELLA WASTE     CWST US           592.4       (60.5)      (1.4)
CASELLA WASTE     WA3 TH            592.4       (60.5)      (1.4)
CASELLA WASTE     CWSTEUR EU        592.4       (60.5)      (1.4)
CASELLA WASTE     CWSTUSD EU        592.4       (60.5)      (1.4)
CDK GLOBAL INC    CDK US          2,690.0      (188.0)     514.1
CDK GLOBAL INC    C2G TH          2,690.0      (188.0)     514.1
CDK GLOBAL INC    CDKEUR EU       2,690.0      (188.0)     514.1
CDK GLOBAL INC    C2G GR          2,690.0      (188.0)     514.1
CDK GLOBAL INC    CDKUSD EU       2,690.0      (188.0)     514.1
CDK GLOBAL INC    C2G QT          2,690.0      (188.0)     514.1
CDK GLOBAL INC    0HQR LN         2,690.0      (188.0)     514.1
CHESAPEAKE ENERG  CHK US         12,425.0      (372.0)    (831.0)
CHESAPEAKE ENERG  CHK* MM        12,425.0      (372.0)    (831.0)
CHESAPEAKE ENERG  CHKUSD EU      12,425.0      (372.0)    (831.0)
CHESAPEAKE ENERG  0HWL LN        12,425.0      (372.0)    (831.0)
CHOICE HOTELS     CZH GR            927.6      (212.1)     108.4
CHOICE HOTELS     CHH US            927.6      (212.1)     108.4
CINCINNATI BELL   CBB US          1,457.3      (133.5)       5.1
CINCINNATI BELL   CIB1 GR         1,457.3      (133.5)       5.1
CINCINNATI BELL   CBBEUR EU       1,457.3      (133.5)       5.1
CLEAR CHANNEL-A   C7C GR          5,580.5    (1,284.2)     337.6
CLEAR CHANNEL-A   CCO US          5,580.5    (1,284.2)     337.6
CLEVELAND-CLIFFS  CVA GR          2,953.4      (444.1)   1,092.4
CLEVELAND-CLIFFS  CVA TH          2,953.4      (444.1)   1,092.4
CLEVELAND-CLIFFS  CLF US          2,953.4      (444.1)   1,092.4
CLEVELAND-CLIFFS  CLF* MM         2,953.4      (444.1)   1,092.4
CLEVELAND-CLIFFS  CVA QT          2,953.4      (444.1)   1,092.4
CLEVELAND-CLIFFS  CLF2EUR EU      2,953.4      (444.1)   1,092.4
CLEVELAND-CLIFFS  CVA GZ          2,953.4      (444.1)   1,092.4
CLEVELAND-CLIFFS  CLF2 EU         2,953.4      (444.1)   1,092.4
CLEVELAND-CLIFFS  0I0H LN         2,953.4      (444.1)   1,092.4
COGENT COMMUNICA  CCOI US           710.6      (102.5)     231.6
COGENT COMMUNICA  OGM1 GR           710.6      (102.5)     231.6
CONSUMER CAPITAL  CCGN US             5.2        (2.5)      (2.6)
CROWN BAUS CAPIT  CBCA US             0.0        (0.0)      (0.0)
DELEK LOGISTICS   DKL US            422.9       (25.8)       5.5
DELEK LOGISTICS   D6L GR            422.9       (25.8)       5.5
DENNY'S CORP      DE8 GR            323.8       (97.4)     (53.6)
DENNY'S CORP      DENN US           323.8       (97.4)     (53.6)
DEX MEDIA INC     DMDA US         1,419.0    (1,284.0)  (1,999.0)
DINEEQUITY INC    DIN US          1,750.2      (146.7)      99.9
DINEEQUITY INC    IHP GR          1,750.2      (146.7)      99.9
DOLLARAMA INC     DOL CN          1,948.8       (15.3)     363.2
DOLLARAMA INC     DLMAF US        1,948.8       (15.3)     363.2
DOLLARAMA INC     DR3 GR          1,948.8       (15.3)     363.2
DOLLARAMA INC     DOLEUR EU       1,948.8       (15.3)     363.2
DOLLARAMA INC     DR3 GZ          1,948.8       (15.3)     363.2
DOLLARAMA INC     DR3 TH          1,948.8       (15.3)     363.2
DOLLARAMA INC     DR3 QT          1,948.8       (15.3)     363.2
DOLLARAMA INC     DOLCAD EU       1,948.8       (15.3)     363.2
DOMINO'S PIZZA    EZV TH            836.8    (2,735.4)     181.5
DOMINO'S PIZZA    EZV GR            836.8    (2,735.4)     181.5
DOMINO'S PIZZA    DPZ US            836.8    (2,735.4)     181.5
DOMINO'S PIZZA    EZV QT            836.8    (2,735.4)     181.5
DOMINO'S PIZZA    DPZEUR EU         836.8    (2,735.4)     181.5
DOMINO'S PIZZA    DPZUSD EU         836.8    (2,735.4)     181.5
DUN & BRADSTREET  DB5 GR          2,480.9      (811.2)      41.3
DUN & BRADSTREET  DNB US          2,480.9      (811.2)      41.3
DUN & BRADSTREET  DB5 QT          2,480.9      (811.2)      41.3
DUN & BRADSTREET  DNB1EUR EU      2,480.9      (811.2)      41.3
EGAIN CORP        EGAN US            37.4        (9.8)     (13.8)
EGAIN CORP        EGCA GR            37.4        (9.8)     (13.8)
EGAIN CORP        EGANEUR EU         37.4        (9.8)     (13.8)
EGAIN CORP        0IFM LN            37.4        (9.8)     (13.8)
ERIN ENERGY CORP  ERN US            229.5      (359.3)    (310.8)
ERIN ENERGY CORP  U8P2 GR           229.5      (359.3)    (310.8)
ERIN ENERGY CORP  ERN SJ            229.5      (359.3)    (310.8)
ESPERION THERAPE  ESPR US           444.4      (396.3)     171.8
ESPERION THERAPE  0ET GR            444.4      (396.3)     171.8
ESPERION THERAPE  ESPREUR EU        444.4      (396.3)     171.8
ESPERION THERAPE  0ET QT            444.4      (396.3)     171.8
ESPERION THERAPE  ESPRUSD EU        444.4      (396.3)     171.8
ESPERION THERAPE  0IIM LN           444.4      (396.3)     171.8
EVERI HOLDINGS I  EVRI US         1,425.6      (123.8)      (5.1)
EVERI HOLDINGS I  G2C GR          1,425.6      (123.8)      (5.1)
EVERI HOLDINGS I  EVRIEUR EU      1,425.6      (123.8)      (5.1)
EVOLUS INC        EOLS US            77.5        (7.1)     (63.1)
EVOLUS INC        EVL GR             77.5        (7.1)     (63.1)
EVOLUS INC        EOLSEUR EU         77.5        (7.1)     (63.1)
FERRELLGAS-LP     FEG GR          1,705.0      (793.3)    (272.3)
FERRELLGAS-LP     FGP US          1,705.0      (793.3)    (272.3)
GAMCO INVESTO-A   GBL US            128.3       (96.3)       -
GCI LIBERTY INC   GC1 GR          2,063.3        (2.7)      45.3
GCI LIBERTY INC   GNCMA US        2,063.3        (2.7)      45.3
GCI LIBERTY INC   GNCMAEUR EU     2,063.3        (2.7)      45.3
GEN COMM-B        GNCMB US        2,063.3        (2.7)      45.3
GENERAL CANNABIS  CANNUSD EU          2.8        (6.1)      (8.1)
GNC HOLDINGS INC  IGN GR          1,516.6      (162.0)     478.1
GNC HOLDINGS INC  GNC US          1,516.6      (162.0)     478.1
GNC HOLDINGS INC  IGN TH          1,516.6      (162.0)     478.1
GNC HOLDINGS INC  GNC1USD EU      1,516.6      (162.0)     478.1
GNC HOLDINGS INC  GNC1EUR EU      1,516.6      (162.0)     478.1
GNC HOLDINGS INC  GNC* MM         1,516.6      (162.0)     478.1
GNC HOLDINGS INC  0IT2 LN         1,516.6      (162.0)     478.1
GOGO INC          GOGO US         1,403.2      (191.6)     276.6
GOGO INC          G0G GR          1,403.2      (191.6)     276.6
GOGO INC          G0G QT          1,403.2      (191.6)     276.6
GOGO INC          GOGOUSD EU      1,403.2      (191.6)     276.6
GOGO INC          GOGOEUR EU      1,403.2      (191.6)     276.6
GOGO INC          0IYQ LN         1,403.2      (191.6)     276.6
GREEN PLAINS PAR  GPP US             92.3       (62.8)       5.6
GREEN PLAINS PAR  8GP GR             92.3       (62.8)       5.6
H&R BLOCK INC     HRB US          1,716.6      (412.8)      51.4
H&R BLOCK INC     HRB GR          1,716.6      (412.8)      51.4
H&R BLOCK INC     HRB TH          1,716.6      (412.8)      51.4
H&R BLOCK INC     HRB QT          1,716.6      (412.8)      51.4
H&R BLOCK INC     HRBEUR EU       1,716.6      (412.8)      51.4
H&R BLOCK INC     HRBUSD EU       1,716.6      (412.8)      51.4
H&R BLOCK INC     0HOB LN         1,716.6      (412.8)      51.4
HCA HEALTHCARE I  2BH GR         36,593.0    (4,995.0)   3,819.0
HCA HEALTHCARE I  HCA US         36,593.0    (4,995.0)   3,819.0
HCA HEALTHCARE I  2BH TH         36,593.0    (4,995.0)   3,819.0
HCA HEALTHCARE I  2BH QT         36,593.0    (4,995.0)   3,819.0
HCA HEALTHCARE I  HCAEUR EU      36,593.0    (4,995.0)   3,819.0
HCA HEALTHCARE I  HCAUSD EU      36,593.0    (4,995.0)   3,819.0
HCA HEALTHCARE I  0J1R LN        36,593.0    (4,995.0)   3,819.0
HELIOS AND MATHE  HMNY US            17.5       (24.1)     (33.9)
HELIOS AND MATHE  HMNYUSD EU         17.5       (24.1)     (33.9)
HELIOS AND MATHE  HMNY LN            17.5       (24.1)     (33.9)
HERBALIFE LTD     HOO GR          2,895.1      (334.7)     953.5
HERBALIFE LTD     HLF US          2,895.1      (334.7)     953.5
HERBALIFE LTD     HLFEUR EU       2,895.1      (334.7)     953.5
HERBALIFE LTD     HOO QT          2,895.1      (334.7)     953.5
HERBALIFE LTD     HOO GZ          2,895.1      (334.7)     953.5
HERBALIFE LTD     HLFUSD EU       2,895.1      (334.7)     953.5
HORTONWORKS INC   HDP US            250.7       (65.0)     (39.1)
HORTONWORKS INC   14K GR            250.7       (65.0)     (39.1)
HORTONWORKS INC   14K QT            250.7       (65.0)     (39.1)
HORTONWORKS INC   HDPEUR EU         250.7       (65.0)     (39.1)
HORTONWORKS INC   HDPUSD EU         250.7       (65.0)     (39.1)
HORTONWORKS INC   0J64 LN           250.7       (65.0)     (39.1)
HP COMPANY-BDR    HPQB34 BZ      35,245.0    (2,742.0)  (2,132.0)
HP INC            HPQ* MM        35,245.0    (2,742.0)  (2,132.0)
HP INC            HPQ US         35,245.0    (2,742.0)  (2,132.0)
HP INC            7HP TH         35,245.0    (2,742.0)  (2,132.0)
HP INC            7HP GR         35,245.0    (2,742.0)  (2,132.0)
HP INC            HPQ TE         35,245.0    (2,742.0)  (2,132.0)
HP INC            HPQ CI         35,245.0    (2,742.0)  (2,132.0)
HP INC            HPQ SW         35,245.0    (2,742.0)  (2,132.0)
HP INC            HWP QT         35,245.0    (2,742.0)  (2,132.0)
HP INC            HPQCHF EU      35,245.0    (2,742.0)  (2,132.0)
HP INC            HPQUSD EU      35,245.0    (2,742.0)  (2,132.0)
HP INC            HPQUSD SW      35,245.0    (2,742.0)  (2,132.0)
HP INC            HPQEUR EU      35,245.0    (2,742.0)  (2,132.0)
HP INC            7HP GZ         35,245.0    (2,742.0)  (2,132.0)
HP INC            0J2E LN        35,245.0    (2,742.0)  (2,132.0)
IDEXX LABS        IDXX US         1,713.4       (53.8)     (32.6)
IDEXX LABS        IX1 GR          1,713.4       (53.8)     (32.6)
IDEXX LABS        IX1 TH          1,713.4       (53.8)     (32.6)
IDEXX LABS        IX1 QT          1,713.4       (53.8)     (32.6)
IDEXX LABS        IDXX AV         1,713.4       (53.8)     (32.6)
IDEXX LABS        IX1 GZ          1,713.4       (53.8)     (32.6)
IDEXX LABS        0J8P LN         1,713.4       (53.8)     (32.6)
IMMUNOGEN INC     IMU GR            294.7       (17.9)     238.9
IMMUNOGEN INC     IMGN US           294.7       (17.9)     238.9
IMMUNOGEN INC     IMU TH            294.7       (17.9)     238.9
IMMUNOGEN INC     IMU QT            294.7       (17.9)     238.9
IMMUNOGEN INC     IMU GZ            294.7       (17.9)     238.9
IMMUNOGEN INC     IMGNEUR EU        294.7       (17.9)     238.9
IMMUNOGEN INC     IMGNUSD EU        294.7       (17.9)     238.9
INNOVIVA INC      INVA US           367.3      (242.7)     189.9
INNOVIVA INC      HVE GR            367.3      (242.7)     189.9
INNOVIVA INC      INVAEUR EU        367.3      (242.7)     189.9
INNOVIVA INC      HVE GZ            367.3      (242.7)     189.9
IWEB INC          IWBB US             0.1        (0.3)      (0.3)
JACK IN THE BOX   JBX GR          1,157.6      (374.6)     138.0
JACK IN THE BOX   JACK US         1,157.6      (374.6)     138.0
JACK IN THE BOX   JACK1EUR EU     1,157.6      (374.6)     138.0
JACK IN THE BOX   JBX GZ          1,157.6      (374.6)     138.0
JACK IN THE BOX   JBX QT          1,157.6      (374.6)     138.0
JACK IN THE BOX   JACK1USD EU     1,157.6      (374.6)     138.0
JUST ENERGY GROU  JE US           1,387.5       (75.7)     (71.4)
JUST ENERGY GROU  1JE GR          1,387.5       (75.7)     (71.4)
JUST ENERGY GROU  JE CN           1,387.5       (75.7)     (71.4)
KERYX BIOPHARM    KYX GR            158.9       (14.1)      96.1
KERYX BIOPHARM    KERX US           158.9       (14.1)      96.1
KERYX BIOPHARM    KYX TH            158.9       (14.1)      96.1
KERYX BIOPHARM    KYX QT            158.9       (14.1)      96.1
KERYX BIOPHARM    KERXEUR EU        158.9       (14.1)      96.1
KERYX BIOPHARM    KERXUSD EU        158.9       (14.1)      96.1
L BRANDS INC      LTD GR          7,816.0    (1,119.0)     911.0
L BRANDS INC      LTD TH          7,816.0    (1,119.0)     911.0
L BRANDS INC      LB US           7,816.0    (1,119.0)     911.0
L BRANDS INC      LBEUR EU        7,816.0    (1,119.0)     911.0
L BRANDS INC      LB* MM          7,816.0    (1,119.0)     911.0
L BRANDS INC      LTD QT          7,816.0    (1,119.0)     911.0
L BRANDS INC      LBUSD EU        7,816.0    (1,119.0)     911.0
L BRANDS INC      0JSC LN         7,816.0    (1,119.0)     911.0
LAMB WESTON       LW US           2,714.9      (474.9)     357.8
LAMB WESTON       0L5 GR          2,714.9      (474.9)     357.8
LAMB WESTON       LW-WEUR EU      2,714.9      (474.9)     357.8
LAMB WESTON       0L5 TH          2,714.9      (474.9)     357.8
LAMB WESTON       0L5 QT          2,714.9      (474.9)     357.8
LAMB WESTON       LW-WUSD EU      2,714.9      (474.9)     357.8
LANTHEUS HOLDING  LNTH US           281.0       (77.9)      90.5
LANTHEUS HOLDING  0L8 GR            281.0       (77.9)      90.5
LEGACY RESERVES   LGCY US         1,490.0      (247.2)     (39.3)
LIVEXLIVE MEDIA   LIVX US             4.1        (3.9)      (7.5)
LOCKHEED MARTIN   LMT US         46,521.0      (609.0)   4,824.0
LOCKHEED MARTIN   LOM GR         46,521.0      (609.0)   4,824.0
LOCKHEED MARTIN   LOM TH         46,521.0      (609.0)   4,824.0
LOCKHEED MARTIN   LMT* MM        46,521.0      (609.0)   4,824.0
LOCKHEED MARTIN   LMT SW         46,521.0      (609.0)   4,824.0
LOCKHEED MARTIN   LMT1EUR EU     46,521.0      (609.0)   4,824.0
LOCKHEED MARTIN   LOM QT         46,521.0      (609.0)   4,824.0
LOCKHEED MARTIN   LMT1CHF EU     46,521.0      (609.0)   4,824.0
LOCKHEED MARTIN   LMT1USD EU     46,521.0      (609.0)   4,824.0
LOCKHEED MARTIN   LOM GZ         46,521.0      (609.0)   4,824.0
LOCKHEED MARTIN   0R3E LN        46,521.0      (609.0)   4,824.0
LOCKHEED-BDR      LMTB34 BZ      46,521.0      (609.0)   4,824.0
LOCKHEED-CEDEAR   LMT AR         46,521.0      (609.0)   4,824.0
MANNKIND CORP     MNKD US            56.5      (251.0)     (62.8)
MANNKIND CORP     MNKDUSD EU         56.5      (251.0)     (62.8)
MCDONALDS - BDR   MCDC34 BZ      33,803.7    (3,268.0)   2,436.6
MCDONALDS CORP    MDO TH         33,803.7    (3,268.0)   2,436.6
MCDONALDS CORP    MCD TE         33,803.7    (3,268.0)   2,436.6
MCDONALDS CORP    MDO GR         33,803.7    (3,268.0)   2,436.6
MCDONALDS CORP    MCD* MM        33,803.7    (3,268.0)   2,436.6
MCDONALDS CORP    MCD US         33,803.7    (3,268.0)   2,436.6
MCDONALDS CORP    MCD SW         33,803.7    (3,268.0)   2,436.6
MCDONALDS CORP    MCD CI         33,803.7    (3,268.0)   2,436.6
MCDONALDS CORP    MDO QT         33,803.7    (3,268.0)   2,436.6
MCDONALDS CORP    MCDCHF EU      33,803.7    (3,268.0)   2,436.6
MCDONALDS CORP    MCDUSD EU      33,803.7    (3,268.0)   2,436.6
MCDONALDS CORP    MCDUSD SW      33,803.7    (3,268.0)   2,436.6
MCDONALDS CORP    MCDEUR EU      33,803.7    (3,268.0)   2,436.6
MCDONALDS CORP    MDO GZ         33,803.7    (3,268.0)   2,436.6
MCDONALDS CORP    MCD AV         33,803.7    (3,268.0)   2,436.6
MCDONALDS-CEDEAR  MCD AR         33,803.7    (3,268.0)   2,436.6
MDC PARTNERS-A    MDCA US         1,781.9       (92.6)    (232.9)
MDC PARTNERS-A    MD7A GR         1,781.9       (92.6)    (232.9)
MDC PARTNERS-A    MDCAEUR EU      1,781.9       (92.6)    (232.9)
MEDLEY MANAGE-A   MDLY US           135.5       (11.6)      35.7
MICHAELS COS INC  MIK US          2,306.1    (1,732.8)     482.5
MICHAELS COS INC  MIM GR          2,306.1    (1,732.8)     482.5
MIRAGEN THERAPEU  MGEN US            47.1        39.0       39.9
MIRAGEN THERAPEU  0K1R LN            47.1        39.0       39.9
MONEYGRAM INTERN  MGI US          4,546.1      (184.0)     (66.1)
MONEYGRAM INTERN  9M1N GR         4,546.1      (184.0)     (66.1)
MONEYGRAM INTERN  9M1N QT         4,546.1      (184.0)     (66.1)
MONEYGRAM INTERN  9M1N TH         4,546.1      (184.0)     (66.1)
MONEYGRAM INTERN  MGIEUR EU       4,546.1      (184.0)     (66.1)
MONEYGRAM INTERN  MGIUSD EU       4,546.1      (184.0)     (66.1)
MOODY'S CORP      DUT GR          8,605.2      (114.9)     517.3
MOODY'S CORP      MCO US          8,605.2      (114.9)     517.3
MOODY'S CORP      DUT TH          8,605.2      (114.9)     517.3
MOODY'S CORP      MCOEUR EU       8,605.2      (114.9)     517.3
MOODY'S CORP      DUT QT          8,605.2      (114.9)     517.3
MOODY'S CORP      MCO* MM         8,605.2      (114.9)     517.3
MOODY'S CORP      DUT GZ          8,605.2      (114.9)     517.3
MOODY'S CORP      MCOUSD EU       8,605.2      (114.9)     517.3
MOODY'S CORP      0K36 LN         8,605.2      (114.9)     517.3
MOSAIC A-CLASS A  MOSC US             0.6        (0.0)      (0.0)
MOSAIC ACQUISITI  MOSC/U US           0.6        (0.0)      (0.0)
MOTOROLA SOLUTIO  MTLA GR         8,208.0    (1,727.0)   1,019.0
MOTOROLA SOLUTIO  MTLA TH         8,208.0    (1,727.0)   1,019.0
MOTOROLA SOLUTIO  MSI US          8,208.0    (1,727.0)   1,019.0
MOTOROLA SOLUTIO  MOT TE          8,208.0    (1,727.0)   1,019.0
MOTOROLA SOLUTIO  MTLA QT         8,208.0    (1,727.0)   1,019.0
MOTOROLA SOLUTIO  MSI1EUR EU      8,208.0    (1,727.0)   1,019.0
MOTOROLA SOLUTIO  MTLA GZ         8,208.0    (1,727.0)   1,019.0
MOTOROLA SOLUTIO  MSI1USD EU      8,208.0    (1,727.0)   1,019.0
MOTOROLA SOLUTIO  0K3H LN         8,208.0    (1,727.0)   1,019.0
MSG NETWORKS- A   MSGN US           851.8      (743.2)     229.6
MSG NETWORKS- A   1M4 GR            851.8      (743.2)     229.6
MSG NETWORKS- A   1M4 TH            851.8      (743.2)     229.6
MSG NETWORKS- A   1M4 QT            851.8      (743.2)     229.6
MSG NETWORKS- A   MSGNEUR EU        851.8      (743.2)     229.6
NATHANS FAMOUS    NATH US            92.9       (85.0)      51.8
NATHANS FAMOUS    NFA GR             92.9       (85.0)      51.8
NATIONAL CINEMED  XWM GR          1,153.4       (61.9)      70.0
NATIONAL CINEMED  NCMI US         1,153.4       (61.9)      70.0
NATIONAL CINEMED  NCMIEUR EU      1,153.4       (61.9)      70.0
NAVISTAR INTL     IHR GR          6,135.0    (4,574.0)     515.0
NAVISTAR INTL     NAV US          6,135.0    (4,574.0)     515.0
NAVISTAR INTL     IHR TH          6,135.0    (4,574.0)     515.0
NAVISTAR INTL     IHR QT          6,135.0    (4,574.0)     515.0
NAVISTAR INTL     IHR GZ          6,135.0    (4,574.0)     515.0
NAVISTAR INTL     NAVEUR EU       6,135.0    (4,574.0)     515.0
NAVISTAR INTL     NAVUSD EU       6,135.0    (4,574.0)     515.0
NEBULA ACQUISITI  NEBUU US            0.0        (0.0)      (0.0)
NEW ENG RLTY-LP   NEN US            237.8       (32.4)       -
NYMOX PHARMACEUT  NYMX US             1.3        (0.7)      (0.7)
NYMOX PHARMACEUT  NYMXUSD EU          1.3        (0.7)      (0.7)
PAPA JOHN'S INTL  PZZA US           550.9       (39.4)      29.5
PAPA JOHN'S INTL  PP1 GR            550.9       (39.4)      29.5
PAPA JOHN'S INTL  PZZAEUR EU        550.9       (39.4)      29.5
PHILIP MORRIS IN  PM1EUR EU      42,968.0   (10,230.0)   5,632.0
PHILIP MORRIS IN  PMI SW         42,968.0   (10,230.0)   5,632.0
PHILIP MORRIS IN  PM1 TE         42,968.0   (10,230.0)   5,632.0
PHILIP MORRIS IN  4I1 TH         42,968.0   (10,230.0)   5,632.0
PHILIP MORRIS IN  PM1CHF EU      42,968.0   (10,230.0)   5,632.0
PHILIP MORRIS IN  4I1 GR         42,968.0   (10,230.0)   5,632.0
PHILIP MORRIS IN  PM US          42,968.0   (10,230.0)   5,632.0
PHILIP MORRIS IN  PM FP          42,968.0   (10,230.0)   5,632.0
PHILIP MORRIS IN  PM1 EU         42,968.0   (10,230.0)   5,632.0
PHILIP MORRIS IN  PMI1 IX        42,968.0   (10,230.0)   5,632.0
PHILIP MORRIS IN  PMI EB         42,968.0   (10,230.0)   5,632.0
PHILIP MORRIS IN  4I1 QT         42,968.0   (10,230.0)   5,632.0
PHILIP MORRIS IN  4I1 GZ         42,968.0   (10,230.0)   5,632.0
PHILIP MORRIS IN  PM LN          42,968.0   (10,230.0)   5,632.0
PINNACLE ENTERTA  PNK US          3,950.2      (321.0)    (161.1)
PINNACLE ENTERTA  65P GR          3,950.2      (321.0)    (161.1)
PLANET FITNESS-A  PLNT US         1,092.5      (136.9)      65.0
PLANET FITNESS-A  3PL TH          1,092.5      (136.9)      65.0
PLANET FITNESS-A  3PL GR          1,092.5      (136.9)      65.0
PLANET FITNESS-A  3PL QT          1,092.5      (136.9)      65.0
PLANET FITNESS-A  PLNT1EUR EU     1,092.5      (136.9)      65.0
PLANET FITNESS-A  PLNT1USD EU     1,092.5      (136.9)      65.0
PLANET FITNESS-A  0KJD LN         1,092.5      (136.9)      65.0
PLAYAGS INC       AGS US            639.8       (19.5)      30.6
PROS HOLDINGS IN  PH2 GR            288.7       (47.0)     100.0
PROS HOLDINGS IN  PRO US            288.7       (47.0)     100.0
QUANTUM CORP      QTM1USD EU        211.2      (124.3)     (48.3)
REATA PHARMACE-A  RETA US           160.4      (132.4)     108.2
REATA PHARMACE-A  2R3 GR            160.4      (132.4)     108.2
REATA PHARMACE-A  RETAEUR EU        160.4      (132.4)     108.2
REGAL ENTERTAI-A  RGC US          2,672.2      (855.2)     (59.1)
REGAL ENTERTAI-A  RETA GR         2,672.2      (855.2)     (59.1)
REGAL ENTERTAI-A  RGCEUR EU       2,672.2      (855.2)     (59.1)
REMARK HOLD INC   MARK US           109.7        (9.4)     (58.2)
REMARK HOLD INC   MARKUSD EU        109.7        (9.4)     (58.2)
RESOLUTE ENERGY   R21 GR            792.3       (73.8)    (109.3)
RESOLUTE ENERGY   REN US            792.3       (73.8)    (109.3)
RESOLUTE ENERGY   RENEUR EU         792.3       (73.8)    (109.3)
RESTORATION ROBO  HAIR US            16.0       (14.0)      (7.5)
RESTORATION ROBO  0RR TH             16.0       (14.0)      (7.5)
RESTORATION ROBO  HAIREUR EU         16.0       (14.0)      (7.5)
REVLON INC-A      REV US          3,167.8      (701.9)     241.5
REVLON INC-A      RVL1 GR         3,167.8      (701.9)     241.5
REVLON INC-A      RVL1 TH         3,167.8      (701.9)     241.5
REVLON INC-A      REVEUR EU       3,167.8      (701.9)     241.5
RH                RH US           1,801.6       (25.3)     219.2
RH                RS1 GR          1,801.6       (25.3)     219.2
RH                RH* MM          1,801.6       (25.3)     219.2
RH                RHEUR EU        1,801.6       (25.3)     219.2
RH                0KTF LN         1,801.6       (25.3)     219.2
ROSETTA STONE IN  RST US            196.8        (1.4)     (58.1)
ROSETTA STONE IN  RS8 GR            196.8        (1.4)     (58.1)
ROSETTA STONE IN  RS8 TH            196.8        (1.4)     (58.1)
ROSETTA STONE IN  RST1EUR EU        196.8        (1.4)     (58.1)
ROSETTA STONE IN  RST1USD EU        196.8        (1.4)     (58.1)
RR DONNELLEY & S  DLLN GR         3,956.7      (163.0)     740.3
RR DONNELLEY & S  RRD US          3,956.7      (163.0)     740.3
RR DONNELLEY & S  DLLN TH         3,956.7      (163.0)     740.3
RR DONNELLEY & S  RRDEUR EU       3,956.7      (163.0)     740.3
RR DONNELLEY & S  RRDUSD EU       3,956.7      (163.0)     740.3
RYERSON HOLDING   RYI US          1,817.3       (14.4)     731.7
RYERSON HOLDING   7RY GR          1,817.3       (14.4)     731.7
SALLY BEAUTY HOL  SBH US          2,113.3      (342.6)     573.7
SALLY BEAUTY HOL  S7V GR          2,113.3      (342.6)     573.7
SANCHEZ ENERGY C  SN US           2,240.1       (90.4)     (43.2)
SANCHEZ ENERGY C  SN* MM          2,240.1       (90.4)     (43.2)
SANCHEZ ENERGY C  13S TH          2,240.1       (90.4)     (43.2)
SANCHEZ ENERGY C  SNUSD EU        2,240.1       (90.4)     (43.2)
SBA COMM CORP     4SB GR          7,300.5    (2,257.8)    (698.6)
SBA COMM CORP     SBAC US         7,300.5    (2,257.8)    (698.6)
SBA COMM CORP     SBJ TH          7,300.5    (2,257.8)    (698.6)
SBA COMM CORP     SBACEUR EU      7,300.5    (2,257.8)    (698.6)
SBA COMM CORP     4SB GZ          7,300.5    (2,257.8)    (698.6)
SBA COMM CORP     SBACUSD EU      7,300.5    (2,257.8)    (698.6)
SBA COMM CORP     0KYZ LN         7,300.5    (2,257.8)    (698.6)
SCIENTIFIC GAMES  SGMS US         7,062.4    (1,976.5)     554.8
SCIENTIFIC GAMES  TJW GR          7,062.4    (1,976.5)     554.8
SIGA TECH INC     SIGA US           148.7      (312.8)      27.9
SIRIUS XM HOLDIN  SIRI US         8,329.4    (1,523.9)  (2,350.6)
SIRIUS XM HOLDIN  RDO TH          8,329.4    (1,523.9)  (2,350.6)
SIRIUS XM HOLDIN  RDO GR          8,329.4    (1,523.9)  (2,350.6)
SIRIUS XM HOLDIN  RDO QT          8,329.4    (1,523.9)  (2,350.6)
SIRIUS XM HOLDIN  SIRIEUR EU      8,329.4    (1,523.9)  (2,350.6)
SIRIUS XM HOLDIN  RDO GZ          8,329.4    (1,523.9)  (2,350.6)
SIRIUS XM HOLDIN  SIRI AV         8,329.4    (1,523.9)  (2,350.6)
SIRIUS XM HOLDIN  SIRIUSD EU      8,329.4    (1,523.9)  (2,350.6)
SIRIUS XM HOLDIN  0L6Z LN         8,329.4    (1,523.9)  (2,350.6)
SIX FLAGS ENTERT  SIX US          2,456.7       (10.7)     (76.8)
SIX FLAGS ENTERT  6FE GR          2,456.7       (10.7)     (76.8)
SIX FLAGS ENTERT  SIXEUR EU       2,456.7       (10.7)     (76.8)
SIX FLAGS ENTERT  SIXUSD EU       2,456.7       (10.7)     (76.8)
SOLARWINDOW TECH  WNDW US             3.0        (0.9)       2.6
SOLARWINDOW TECH  2N0N GR             3.0        (0.9)       2.6
SOLARWINDOW TECH  WNDWUSD EU          3.0        (0.9)       2.6
SOLARWINDOW TECH  WNDW LN             3.0        (0.9)       2.6
SONIC CORP        SONC US           552.9      (237.3)      38.7
SONIC CORP        SO4 GR            552.9      (237.3)      38.7
SONIC CORP        SONCEUR EU        552.9      (237.3)      38.7
SONIC CORP        SO4 TH            552.9      (237.3)      38.7
STRAIGHT PATH-B   STRP US            10.1       (20.3)     (13.5)
STRAIGHT PATH-B   5I0 GR             10.1       (20.3)     (13.5)
SYNTEL INC        SYNT US           483.7       (12.9)     157.2
SYNTEL INC        SYE GR            483.7       (12.9)     157.2
SYNTEL INC        SYE TH            483.7       (12.9)     157.2
SYNTEL INC        SYE QT            483.7       (12.9)     157.2
SYNTEL INC        SYNT1EUR EU       483.7       (12.9)     157.2
SYNTEL INC        SYNT* MM          483.7       (12.9)     157.2
SYNTEL INC        SYNT1USD EU       483.7       (12.9)     157.2
TAILORED BRANDS   TLRD US         2,111.3       (15.0)     735.6
TAILORED BRANDS   WRMA GR         2,111.3       (15.0)     735.6
TAILORED BRANDS   TLRD* MM        2,111.3       (15.0)     735.6
TAILORED BRANDS   TLRDEUR EU      2,111.3       (15.0)     735.6
TAUBMAN CENTERS   TU8 GR          4,214.6      (142.5)       -
TAUBMAN CENTERS   TCO US          4,214.6      (142.5)       -
TAUBMAN CENTERS   0LDD LN         4,214.6      (142.5)       -
TINTRI INC        TNTR US           100.9       (68.4)       3.5
TINTRI INC        0LFL LN           100.9       (68.4)       3.5
TOWN SPORTS INTE  CLUB US           230.9       (99.7)      (4.1)
TRANSDIGM GROUP   T7D GR         10,112.1    (2,599.7)   1,447.9
TRANSDIGM GROUP   TDG US         10,112.1    (2,599.7)   1,447.9
TRANSDIGM GROUP   T7D QT         10,112.1    (2,599.7)   1,447.9
TRANSDIGM GROUP   TDGEUR EU      10,112.1    (2,599.7)   1,447.9
TRANSDIGM GROUP   T7D TH         10,112.1    (2,599.7)   1,447.9
TRANSDIGM GROUP   TDGUSD EU      10,112.1    (2,599.7)   1,447.9
TRANSDIGM GROUP   0REK LN        10,112.1    (2,599.7)   1,447.9
TUPPERWARE BRAND  TUP US          1,298.1      (116.5)      35.1
TUPPERWARE BRAND  TUP GR          1,298.1      (116.5)      35.1
TUPPERWARE BRAND  TUP QT          1,298.1      (116.5)      35.1
TUPPERWARE BRAND  TUP GZ          1,298.1      (116.5)      35.1
TUPPERWARE BRAND  TUP TH          1,298.1      (116.5)      35.1
TUPPERWARE BRAND  TUP1EUR EU      1,298.1      (116.5)      35.1
TUPPERWARE BRAND  TUP1USD EU      1,298.1      (116.5)      35.1
ULTRA PETROLEUM   UPL US          1,862.1    (1,257.8)    (157.3)
ULTRA PETROLEUM   UPL1EUR EU      1,862.1    (1,257.8)    (157.3)
ULTRA PETROLEUM   UPM1 GR         1,862.1    (1,257.8)    (157.3)
ULTRA PETROLEUM   UPM1 TH         1,862.1    (1,257.8)    (157.3)
ULTRA PETROLEUM   UPM1 QT         1,862.1    (1,257.8)    (157.3)
ULTRA PETROLEUM   UPL1USD EU      1,862.1    (1,257.8)    (157.3)
UNISYS CORP       UIS EU          2,542.7    (1,325.7)     418.6
UNISYS CORP       UISCHF EU       2,542.7    (1,325.7)     418.6
UNISYS CORP       UISEUR EU       2,542.7    (1,325.7)     418.6
UNISYS CORP       UIS US          2,542.7    (1,325.7)     418.6
UNISYS CORP       UIS1 SW         2,542.7    (1,325.7)     418.6
UNISYS CORP       USY1 TH         2,542.7    (1,325.7)     418.6
UNISYS CORP       USY1 GR         2,542.7    (1,325.7)     418.6
UNISYS CORP       USY1 GZ         2,542.7    (1,325.7)     418.6
UNISYS CORP       USY1 QT         2,542.7    (1,325.7)     418.6
UNITI GROUP INC   UNIT US         4,292.2    (1,052.9)       -
UNITI GROUP INC   8XC GR          4,292.2    (1,052.9)       -
UNITI GROUP INC   0LJB LN         4,292.2    (1,052.9)       -
VALVOLINE INC     VVV US          1,827.0      (194.0)     367.0
VALVOLINE INC     0V4 GR          1,827.0      (194.0)     367.0
VALVOLINE INC     0V4 TH          1,827.0      (194.0)     367.0
VALVOLINE INC     VVVEUR EU       1,827.0      (194.0)     367.0
VALVOLINE INC     0V4 QT          1,827.0      (194.0)     367.0
VECTOR GROUP LTD  VGR GR          1,409.9      (318.2)     431.7
VECTOR GROUP LTD  VGR US          1,409.9      (318.2)     431.7
VECTOR GROUP LTD  VGR QT          1,409.9      (318.2)     431.7
VECTOR GROUP LTD  VGREUR EU       1,409.9      (318.2)     431.7
VERISIGN INC      VRS TH          2,941.2    (1,260.3)     885.6
VERISIGN INC      VRS GR          2,941.2    (1,260.3)     885.6
VERISIGN INC      VRSN US         2,941.2    (1,260.3)     885.6
VERISIGN INC      VRS QT          2,941.2    (1,260.3)     885.6
VERISIGN INC      VRSNEUR EU      2,941.2    (1,260.3)     885.6
VERISIGN INC      VRS GZ          2,941.2    (1,260.3)     885.6
VERISIGN INC      VRSN* MM        2,941.2    (1,260.3)     885.6
VERISIGN INC      VRSNUSD EU      2,941.2    (1,260.3)     885.6
VIEWRAY INC       VRAY US            88.1       (26.6)      27.9
VIEWRAY INC       6L9 GR             88.1       (26.6)      27.9
VIEWRAY INC       VRAYEUR EU         88.1       (26.6)      27.9
VTV THERAPEUTI-A  VTVT US            24.1        (5.7)       9.3
VTV THERAPEUTI-A  5VT GR             24.1        (5.7)       9.3
W&T OFFSHORE INC  WTI US            887.4      (597.3)      34.5
W&T OFFSHORE INC  UWV GR            887.4      (597.3)      34.5
W&T OFFSHORE INC  WTI1EUR EU        887.4      (597.3)      34.5
WAYFAIR INC- A    W US            1,213.4       (48.3)      77.1
WAYFAIR INC- A    1WF GR          1,213.4       (48.3)      77.1
WAYFAIR INC- A    1WF TH          1,213.4       (48.3)      77.1
WAYFAIR INC- A    WEUR EU         1,213.4       (48.3)      77.1
WAYFAIR INC- A    1WF QT          1,213.4       (48.3)      77.1
WAYFAIR INC- A    WUSD EU         1,213.4       (48.3)      77.1
WEIGHT WATCHERS   WTW US          1,315.5    (1,080.7)     (12.7)
WEIGHT WATCHERS   WW6 GR          1,315.5    (1,080.7)     (12.7)
WEIGHT WATCHERS   WW6 TH          1,315.5    (1,080.7)     (12.7)
WEIGHT WATCHERS   WTWEUR EU       1,315.5    (1,080.7)     (12.7)
WEIGHT WATCHERS   WW6 QT          1,315.5    (1,080.7)     (12.7)
WEIGHT WATCHERS   WW6 GZ          1,315.5    (1,080.7)     (12.7)
WEIGHT WATCHERS   WTWUSD EU       1,315.5    (1,080.7)     (12.7)
WESTERN UNION     WU US           9,231.4      (491.4)  (1,132.3)
WESTERN UNION     W3U GR          9,231.4      (491.4)  (1,132.3)
WESTERN UNION     WU* MM          9,231.4      (491.4)  (1,132.3)
WESTERN UNION     W3U TH          9,231.4      (491.4)  (1,132.3)
WESTERN UNION     W3U QT          9,231.4      (491.4)  (1,132.3)
WESTERN UNION     WUEUR EU        9,231.4      (491.4)  (1,132.3)
WESTERN UNION     W3U GZ          9,231.4      (491.4)  (1,132.3)
WESTERN UNION     WUUSD EU        9,231.4      (491.4)  (1,132.3)
WESTERN UNION     0LVJ LN         9,231.4      (491.4)  (1,132.3)
WIDEOPENWEST INC  WOW US          2,676.5      (288.3)     (50.7)
WIDEOPENWEST INC  WU5 GR          2,676.5      (288.3)     (50.7)
WIDEOPENWEST INC  WOW1EUR EU      2,676.5      (288.3)     (50.7)
WIDEOPENWEST INC  WU5 QT          2,676.5      (288.3)     (50.7)
WINGSTOP INC      WING US           119.8       (48.3)      (3.0)
WINGSTOP INC      EWG GR            119.8       (48.3)      (3.0)
WINGSTOP INC      WING1EUR EU       119.8       (48.3)      (3.0)
WINMARK CORP      WINA US            47.2       (39.4)      12.5
WINMARK CORP      GBZ GR             47.2       (39.4)      12.5
WORKIVA INC       WK US             157.7       (16.9)     (14.0)
WORKIVA INC       0WKA GR           157.7       (16.9)     (14.0)
WORKIVA INC       WKEUR EU          157.7       (16.9)     (14.0)
YELLOW PAGES LTD  Y CN              529.9      (218.8)      35.1
YELLOW PAGES LTD  YLWDF US          529.9      (218.8)      35.1
YRC WORLDWIDE IN  YRCW US         1,585.5      (353.5)     155.9
YRC WORLDWIDE IN  YEL1 GR         1,585.5      (353.5)     155.9
YRC WORLDWIDE IN  YEL1 TH         1,585.5      (353.5)     155.9
YRC WORLDWIDE IN  YEL1 QT         1,585.5      (353.5)     155.9
YRC WORLDWIDE IN  YRCWEUR EU      1,585.5      (353.5)     155.9
YRC WORLDWIDE IN  YRCWUSD EU      1,585.5      (353.5)     155.9
YUM! BRANDS INC   YUM US          5,311.0    (6,334.0)     995.0
YUM! BRANDS INC   TGR GR          5,311.0    (6,334.0)     995.0
YUM! BRANDS INC   TGR TH          5,311.0    (6,334.0)     995.0
YUM! BRANDS INC   YUMEUR EU       5,311.0    (6,334.0)     995.0
YUM! BRANDS INC   TGR QT          5,311.0    (6,334.0)     995.0
YUM! BRANDS INC   YUMCHF EU       5,311.0    (6,334.0)     995.0
YUM! BRANDS INC   YUM SW          5,311.0    (6,334.0)     995.0
YUM! BRANDS INC   YUMUSD SW       5,311.0    (6,334.0)     995.0
YUM! BRANDS INC   YUMUSD EU       5,311.0    (6,334.0)     995.0
YUM! BRANDS INC   TGR GZ          5,311.0    (6,334.0)     995.0
YUM! BRANDS INC   0QYD LN         5,311.0    (6,334.0)     995.0


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2018.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

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