/raid1/www/Hosts/bankrupt/TCR_Public/180316.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, March 16, 2018, Vol. 22, No. 74

                            Headlines

1776 AMERICAN: Whipple buying Houston Property for $305K
201 LUIZ MARIN: Winfield Buying Jersey City Condo Unit for $3M
4 WEST HOLDINGS: Taps Rust Consulting as Claims and Admin Agent
4 WEST HOLDINGS: Wants Court Approval to Use Cash Collateral
7215 N OAKLEY: Case Summary & 16 Largest Unsecured Creditors

8341 BEECHCRAFT: U.S. Trustee Unable to Appoint Committee
9800 WEDDINGS: Permitted to Use BOTW Cash Collateral Until June 2
ACER THERAPEUTICS: Widens Net Loss to $14.2 Million in 2017
ADVANTAGE SALES: Bank Debt Trades at 3.75% Off
AIRXCEL INC: S&P Puts 'B' CCR on Watch Neg. Amid L Catterton Deal

ALLIED FINANCIAL: Escobar Buying Aguadilla Property for $34K
ALPHATEC HOLDINGS: Acquires SafeOp & Obtains $50M Financing
ALPHATEC HOLDINGS: Narrows Net Loss to $2.3 Million in 2017
AMARILLO AMBASSADOR: Seeks OK on $1.6-Mil Loan, Cash Collateral Use
APEX CLEANING: Has Authority to Use Cash Collateral on Final Basis

APEX XPRESS: Taps Argus Management Corporation as Financial Advisor
APEX XPRESS: Taps Saul Ewing Arnstein & Lehr LLP as Counsel
APOLLO ENDOSURGERY: Concludes LAP-BAND Low BMI Post-Approval Study
ASCENA RETAIL: S&P Cuts CCR to 'B' on Weak Operating Performance
ATLANTA GROTNES: The Renee Buying Atlanta Property for $1.3 Million

ATRIUM INNOVATIONS: Moody's Withdraws B2 Corporate Family Rating
AYTU BIOSCIENCE: 1992 MSF International Has 7.9% Stake
AYTU BIOSCIENCE: Closes Public Offering of $12M Securities
B&B LIQUIDATING: U.S. Trustee Forms Four-Member Committee
BELK INC: Bank Debt Trades at 13.4% Off

BETTYE RIGDON: Selling TLD's Scrap Metal to Install Water Well
BOSS LITHO: Court Gives Interim Nod for Cash Collateral Use
BRITAX CHILDCARE: Bank Debt Trades at 15.12% Off
BROOKC LLC: U.S. Trustee Unable to Appoint Creditors' Committee
CAMBER ENERGY: Wins $1M Sixth Funding Tranche from Investor

CAROLINA HOTEL: Voluntary Chapter 11 Case Summary
CASELLA WASTE: S&P Rates New $15MM FAME Solid Waste Bonds 'B-'
CD&R TZ: S&P Affirms 'B' Issuer Credit Rating, Outlook Stable
CENGAGE: Bank Debt Trades at 8.18% Off
CHINA COMMERCIAL: Fails to Comply with Nasdaq's Market Value Rule

CIENA CORP: Egan-Jones Hikes Sr. Unsecured Ratings to BB
CJ MICHEL INDUSTRIAL: Can Use Cash Collateral Until March 31
CKSB LLC: Hires All California Brokerage as Real Estate Agent
CLASS A PROPERTIES: Voluntary Chapter 11 Case Summary
COATES INTERNATIONAL: Secures $33,000 Financing from Power Up

COBALT INT'L: April 3 Confirmation Hrg Set, Amended Plans Filed
CODI INC: NewSpring Sells All Assets at Public Auction
COLLISION EXPRESS: Hires E.P. Bud Krik as Attorney
COMMUNITY FELLOWSHIP: Taps Medley & Associates as Attorney
COMMUNITY HEALTH: S&P Lowers CCR to 'CCC+', Outlook Negative

CONLAN PRESS: U.S. Trustee Forms 2-Member Committee
CONNOR FRETT COCHRAN: U.S. Trustee Forms 2-Member Committee
CRAPP FARMS: April 3 Live Auction of Equipment by Steffes
CS MINING: Plan Confirmation Hearing Set for April 4
CTI BIOPHARMA: Posts 2017 Net Loss of $45 Million

CYRUSONE INC: S&P Alters Outlook to Positive & Affirms 'BB' CCR
CYTORI THERAPEUTICS: Has Until Sept. 4 to Regain Nasdaq Compliance
DAVID'S BRIDAL: Bank Debt Trades at 14.8% Off
DEERFIELD DUFF: S&P Puts 'B' CCR on CreditWatch Negative
DELCATH SYSTEMS: Seeking Approval of Reverse Common Stock Split

DIEBOLD NIXDORF: Moody's Lowers CFR to B1; Outlook Stable
DISCOVERY COMMUNICATIONS: Egan-Jones Lowers Unsec. Ratings to BB+
DN REAL ESTATE: $325K Sale of Atlanta Property Denied w/o Prejudice
DPW HOLDINGS: Increases Stake in WSI Industries to 9.2%
DURAVANT LLC: S&P Cuts CCR to 'B-' on Key Technology Acquisition

DYNAMIC CONSTRUCTION: Disclosure Statement Hearing on March 21
E & J MACON: Wants Up To $300,000 DIP Financing From Mark Nussbaum
EMMAUS LIFE: Hires Publicis for Product Marketing and Sale
ENERGY FUTURE: 1st Amended Reorg. Plan Declared Effective
ENERGY FUTURE: Files 2nd Amended Supplement to Plan

ENERGY FUTURE: White & Case Served as Adviser on Sempra Deal
FARNAN INC: Court Inks Approval on Cash Collateral Stipulation
FC GLOBAL: Aborts Deal to Purchase 3 Properties in Mississippi
FILBIN LAND: Taps St. James Law as New Legal Counsel
FINJAN HOLDINGS: Israel Seed Sells $2 Million Worth of Shares

FIRESTAR DIAMOND: Seeks Approval for Interim Use of Cash Collateral
FOGO DE CHAO: S&P Assigns 'B' CCR Amid Acquisition by Rhone Capital
FREDERICKSBURG PARK: Has $10M Offer for Virginia Property
FTE NETWORKS: Uplisted to NYSE American
FULTON MARKET: Court Okays Interim Use of Cash Collateral

FULTON MARKET: Needs Access to Cash Collateral Through May 8
GARY ENGLISH: Selling Winter garden and Orlando Properties
GATES COMMUNITY: Taps Dibble & Miller as Legal Counsel
GENON ENERGY: Files Schedule of Leases to be Assumed & Assigned
GENON ENERGY: Seeks to Incorporate Sale Deal with Kestrel in Plan

GETTY IMAGES: Bank Debt Trades at 4.35% Off
GLOBAL KNOWLEDGE: Bank Debt Trades at 12.67% Off
GLYECO INC: Inks Lease Agreement with NFS Leasing
GMD SERVICES: Seeks Authorization to Use Cash Collateral
GOOD CLOTHING: Wants Court Approval to Use Cash Collateral

GRAND DAKOTA PARTNERS: Exit Plan to Pay Unsecureds in Full in 1 Yr
GREAT FALLS DIOCESE: $295K Sale of Billings Property to Hanson OK'd
GREAT WESTERN PETROLEUM: Fitch Assigns First-Time LT IDR
GULF FINANCE: Bank Debt Trades at 8.42% Off
HBCU PROPERTIES: Sale of Stone Mountain Property Denied as Moot

HCR MANORCARE: Seeks Consensual Use of Cash Collateral
HHH CHOICES: Committee Taps Bragar, Fishman as Litigation Counsel
HHH FARMS: $500K Sale of Cattle & Planter to HHH Cattle Approved
HOOK LINE: U.S. Trustee Forms Three-Member Committee
HOUGHTON MIFFLIN: Bank Debt Trades at 6.25% Off

HS GROUP: S&P Lowers CCR to 'B-' on Potential Leverage Increase
HS PURCHASER: Moody's Assigns B3 CFR; Outlook Stable
HUMANIGEN INC: Appoints Robert Savage to Board of Directors
HUMANIGEN INC: Cancels Stock Purchase Deal with Aperture
HUMANIGEN INC: CFO Jester Will Get an Annual Salary of $310,000

HUMANIGEN INC: May Issue an Additional 16M Shares Under 2012 Plan
IHEARTMEDIA INC: Case Summary & 30 Largest Unsecured Creditors
IHEARTMEDIA INC: Files for Chapter 11 to Cut Debt by $10 Billion
IHEARTMEDIA INC: Legacy Noteholders Not Supporting Plan Deal
IHEARTMEDIA INC: Outdoor Segments Not Among Chapter 11 Filers

IHEARTMEDIA INC: Senior Creditors to Get 94% of Equity Under Plan
INNOVATION GROUP: Bank Debt Trades at 14.8% Off
INTERPACE DIAGNOSTICS: Board OKs Appointments of CAO and CFO
IRON MOUNTAIN: Moody's Rates New $500MM Sr. Secured Term Loan Ba3
J. HOWARD RESTAURANT: Taps Fowler Business as Enrolled Agent

KARIA Y WM: Wants to Use AFNB's Cash Collateral
KELLERMEYER BERGENSONS: Loan Upsize Credit Neutral, Moody's Says
KINGDOM MEDICINE: Files Plan to Exit Chapter 11 Protection
LANDS' END: Bank Debt Trades at 9.37% Off
LAURELS MEDICAL: Wants Court Nod to Use Cash Collateral

LAWRENCE D. FROMELIUS: Galena Buying Lacon Property for $150K
LEHMAN BROTHERS: Soured Mortgage Claims Valued at $2.4-Bil.
LEON GOORUM: Browne Buying Atlanta Property for $1.3 Million
LIBERTY INTERACTIVE: S&P Cuts Sr. Unsecured Notes Rating to 'BB-'
LINDBLAD EXPEDITIONS: Moody's Affirms B2 Corporate Family Rating

LINDBLAD EXPEDITIONS: S&P Rates $245MM Secured Loans 'BB'
LSC COMMUNICATIONS: Moody's Cuts Corporate Family Rating to B1
LTG LLC: Case Summary & 20 Largest Unsecured Creditors
MALLINCKRODT PLC: Egan-Jones Lowers Senior Unsecured Ratings to B+
MARKPOL DISTRIBUTORS: May Use Cash Collateral Until March 31

MARRONE BIO: PRIMECAP Management Stake Down to 2.5% as of Feb. 28
MCCLATCHY CO: Capital Ventures et al Own 5% of Class A Shares
MCCLATCHY CO: Widens Net Loss to $332 Million in 2017
MERRIMACK PHARMACEUTICALS: May Issue 450K Shares Under Stock Plan
MERRIMACK PHARMACEUTICALS: Swings to $472M Net Income in 2017

MRI INTERVENTIONS: Will Hold its Annual Meeting on June 7
MURRAY ENERGY: Bank Debt Trades at 12.6% Off
NAVILLUS TILE: Given Until June 6 to File Plan of Reorganization
NEIMAN MARCUS: Bank Debt Trades at 13.42% Off
NELSON TRUCKING: U.S. Trustee Unable to Appoint Committee

NOVATION COMPANIES: NMI Plan Hearing Set for April 11
OCALA PETROLEUM: U.S. Trustee Unable to Appoint Committee
ONE HORIZON: Has Resale Prospectus of 1.6 Million Shares
OPTIMUMBANK HOLDINGS: John Clifford Resigns as Director
OREXIGEN THERAPEUTICS: Proposes DIP Financing From Baupost, EcoR1

OREXIGEN THERAPEUTICS: Selling All Assets by End of June
P3 FOODS: Can Continue Using Cash Collateral Through April 12
PACIFIC OFFICE: Incurs $13.8 Million Net Loss in 2017
PARADISE AQUATICS: Seeks Permission to Cash Collateral Access
PARKLAND FUEL: S&P Rates US$500MM Senior Unsecured Notes 'BB-'

PATRIOT NATIONAL: Files Amended Plan & 2nd Amended Disc. Statement
PETSMART INC: Bank Debt Trades at 19.46% Off
PHH CORP: Egan-Jones Hikes Commercial Paper Ratings to B
PRIME CUT: Moody's Assigns B2 Corp. Family Rating; Outlook Stable
QUADRANT 4: $1M Private Sale of Residual Assets Approved

QUADRANT 4: Stratitude Seeks Termination of 401K Plans
QUEST SOLUTION: Reduces Debt by $15 Million
QUEST SOLUTION: Reserves 10 Million Shares for Incentives
RAFAEL RUBIO: $5M Sale of Ensenada Property to Blue Water Approved
RCR INTERNATIONAL: Canadian Sale Order for All Assets Recognized

RESOLUTE ENERGY: Lowers Net Loss to $7.7 Million in 2017
RESOLUTE ENERGY: Monarch Energy Nominates Three Directors to Board
ROCKY MOUNTAIN: Amends 250M Shares Resale Prospectus with SEC
ROGER STADTMUELLER: Using Up to $15K to Repair Property for Sale
ROSETTA GENOMICS: Sabby Healthcare Owns 247,113 Ordinary Shares

ROSETTA GENOMICS: Warns of Bankruptcy if Genoptix Merger Fails
RR DONNELLEY: Egan-Jones Lowers FC Senior Unsecured Rating to B
RUSSELL INVESTMENTS: S&P Alters Outlook to Stable on Low Leverage
S CHASE LIMITED: Seeks Interim Authority to Use Cash Collateral
SAM WYLY: Selling Additional Audubon Items at Auctions by DAG

SANDY CREEK: S&P Alters Outlook to Neg, Affirms B- on Loan Due 2020
SEADRILL LIMITED: Bank Debt Trades at 13.69% Off
SIVYER STEEL: Case Summary & 20 Largest Unsecured Creditors
SKILLSOFT CORP: Bank Debt Trades at 11.67% Off
SOLARWINDS HOLDINGS: S&P Gives 'B-' Rating on $315MM 2nd Lien Loan

SOUTHEASTERN GROCERS: 94 BI-LO, Harveys & Winn-Dixie Stores Shut
SOUTHEASTERN GROCERS: To File for Chapter 11 with Prepack Plan
STONE CONNECTION: Court Signs Final Cash Collateral Order
SWIFT STAFFING: Diverse Staffing Offers $2 Million for All Assets
SYNCREON GROUP: Bank Debt Trades at 11.62% Off

THOMAS M. COOLEY: S&P Alters Outlook to Positive & Affirms 'BB' ICR
TOPS HOLDING: Seeks to Hire FTI Consulting, Appoint CRO
TOPS HOLDING: Taps Evercore Group as Investment Banker
TOPS HOLDING: Taps Weil Gotshal as Legal Counsel
TOW YARD: U.S. Trustee Unable to Appoint Creditors' Committee

TOYS "R" US: Seeks Court Approval to Wind Down U.S. Business
TOYS "R" US: UK Unit Unable to Find Buyer; 25 Stores Closed
TYLER HEALTH: Fitch Withdraws B+ Rating on 2007A Hospital Bonds
UNITED CHARTER: Wants to Use Cash Collateral
US STEEL: Moody's Assigns B2 Sr. Unsecured Bonds Rating

VERMILLION INC: Incurs $11.4 Million Net Loss in 2017
VINCENT WALCH: Has $80K Offer for 2015 Peterbilt Model 389
VISUAL HEALTH: Can Use Cash Collateral Until April 30
WALKING CO: Seeks Court Approval to Employ OCPs
WALL STREET THEATER: Needs Cash Collateral to Post Security Deposit

WEATHERFORD INTERNATIONAL: Appoints New Member to Board
WESTMORELAND COAL: Tightens 2017 EBITDA & Free Cash Flow Guidance
WESTMORELAND COAL: Will Hold its Annual Meeting on Aug. 31
WHAA LLC: $844K Sale of Property to Joel's Automotive Okayed
WILLIAM LOHMAN: K&S Buying 1998 Kenworth T800 Tractor for $131K

XG SECURITY: Seeks Authorization on Cash Collateral Use
YIELD10 BIOSCIENCE: Posts $10.8 Million Net Loss in 2017
[*] Schwartz Joins McKool Smith as Principal in New York Office

                            *********

1776 AMERICAN: Whipple buying Houston Property for $305K
--------------------------------------------------------
1776 American Properties IV, LLC, and affiliates ask the U.S.
Bankruptcy Court for the Southern District of Texas to authorize
1776 American Properties V, LLC's sale of the unimproved property
located at 0 Jewett St., Houston, Texas, also known as Lot 1 and 2,
Block 1, Jewett Place, to Kimberly Whipple for $305,000.

Objections, if any, must be filed within 21 days from the date the
Motion was served.

1776 V and the Purchaser entered into a contract for the sale of
the Property.  Under the terms of the contracts, the closing must
occur no later than April 24, 2018.  The Debtors are currently
seeking dismissal of the cases which is set for hearing on March
19, 2018.  They ask approval of the sale prior to dismissal or at
the March 19, 2018 hearing.

The Property is unimproved property and not subject to a mortgage.
Emergency consideration and approval of the Motion is required to
allow the parties to close on the transaction as soon as possible.
A delay in closing may prejudice either the Movant or the
Purchaser, or both.

The Movant owns the Property.  The Property is not subject to a
mortgage.  The total proposed sale price is $305,000, with $3,050
as earnest money.  The sale proceeds will be deposited into the
Movant's DIP account.  The Property will be sold, transferred and
conveyed free and clear of liens, claims, and encumbrances.  All
liens, if any, will attach to the proceeds of the sale or be paid
through the closing by the title company.

The Debtor is represented by Arnie Altsuler with Keller Williams
Realty Metropolitan, in the transaction.  The Buyer is represented
by Lynnette Crocker of Beth Wolff Realtors Real Living.  Pursuant
to the Order Authorizing Application to Arnie Altsuler and Keller
Williams, the Movant asks approval of the 3% commission to its
broker and the corresponding 3% commission to the Purchaser's
broker at closing.

From the proceeds of the sale, the Movant asks the Court to
authorize the payment of (i) the 2016 and pro-rata 2017 ad-valorem
property taxes owed on the Property at the closing; (ii) the Note
and accrued interest and fees in full at closing; (iii) any other
secured claim on the property, including past due HOA assessments,
if any; and (iv) such normal and customary closing costs and fees.

The Debtors ask the Court to waive the 14-day stay imposed by
Bankruptcy Rules 6004 and 6006.  Emergency consideration of the
Motion has been requested.

The Purchaser:

          Kimberly Whipple
          E-mail: whipple.kim@gmail.com

                 About 1776 American Properties IV

Historically, 1776 American Properties IV LLC, et al., were
companies managed by Jeff Fisher.  In 2008, Mr. Fisher began
investing in real estate in the Houston area.  Mr. Fisher worked
with friends and other business contacts in Asia who decided to
invest in special purpose entities organized in the Cayman
Islands.

The offshore companies would then loan money to Delaware based
limited liability companies, who in turn invested in real estate in
the United States.  By 2012, the U.S. based LLC's had acquired over
70 properties worth over $10 million.  As of January 2017, 1776
American Properties, et al., own 116 rental single family homes /
apartment units, five single family homes, and 76 vacant lots.  In
addition, 1776 IV, 1776 V, 1776 VII and 1776 VIII hold promissory
notes and profit sharing arrangements with various builders on
approximately 58 lots.

1776 American Properties IV LLC and its 12 affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Tex. Lead Case No. 17-30422) on Jan. 27, 2017.  

In the petitions signed by Jeff Fisher, their director, 1776
American Properties IV estimated assets of $1 million to $10
million and liabilities of less than $50,000.

The cases are assigned to Judge Karen K. Brown.

Josh T. Judd, Esq., at Andrews Myers P.C., serves as the Debtors'
bankruptcy counsel.

No trustee or examiner has been appointed in the bankruptcy cases,
and no official committee of unsecured creditors has been
established.

On Dec. 13, 2017, the Court entered the Order Pursuant to Sections
349 and 1112(b) of the Bankruptcy Code and Bankruptcy Rule 1017
Dismissing Certain Chapter 11 Cases Upon Occurrence of Certain
Conditions with regard to 1776 American Properties VI, LLC, 1776
American Properties VII, LLC, 1776 American Properties VIII, LLC,
APRF SP1-1, LLC, Hazelwood Brownstone, LLC, Independence
Construction and Finance, Inc., and Staunton Street Partners, LLC.

On Jan. 29, 2018, the Court entered an Order Dismissing the Chapter
11 cases of Austin Road Partners, LLC, Hazelwood Management
Services, LLC and Reims Holdings, LLC.  On Feb. 15, 2018, the
remaining debtors, 1776 IV, 1776 V, and Arica Lane, LLC, filed
their Motion to Dismiss their bankruptcy cases pursuant to section
349 and 1112(b) of the Bankruptcy Code and Bankruptcy Rule 1017.
The hearing on the Motion to Dismiss is set for March 19, 2018, at
10:30 a.m.

Until the order is entered and the remaining cases dismissed, the
remaining Debtors continue to manage their property as DIPs
pursuant to Sections 1107 and 1108 of the Bankruptcy Code.  Prior
to the Petition Date, the Debtors each retained Erich Mundinger to
serve as Vice President and Chief Restructuring Officer.


201 LUIZ MARIN: Winfield Buying Jersey City Condo Unit for $3M
--------------------------------------------------------------
201 Luiz Marin Realty, LLC, asks the U.S. Bankruptcy Court for the
Northern District of New Jersey to authorize the sale of
condominium unit #R2A of The Gulls Cove Condominiums, located at
201 Marin Blvd., Jersey City, County of Hudson, New Jersey, also
known as Lot 8, Block 15906, Qualifier C1921, as shown on the
current tax map of Jersey City, to Winfield Properties, LLC, for $3
million.

A hearing on the Motion is set for April 3, 2018 at 10:00 a.m.

The Debtor purchased the Property as raw space and procured
construction financing to build-out the space to meet its specific
needs.  Following the completion of construction and closing of
title from the developer, the municipality reassessed the Property
and retroactively increased the tax assessment.  The Debtor
disputed the right of the municipality to retroactive increase its
tax burden and did not have the funds to pay the tax demanded.  

As a result, financing on which the Debtor relied on to refinance
the construction loans was denied.  The construction loans had
higher debt service payments than what would have been available if
the expected takeout financing was procured.  The higher than
anticipated construction loan debt service payments, coupled with
and the suddenly assessed property taxes, caused the Debtor to be
unable to pay all its debts as they came due.  The property taxes
were sold to a third-party and a tax foreclosure judgment was
imminent.  The case was filed to stay the tax foreclosure and allow
the Debtor time to effectuate a sale of its real estate.

The real estate is located on the 1st floor of a modern elevator
residential condominium building known as The Gulls Cove
Condominium which was built in 2008 is a condominium unit of The
Gulls Cove Condominium.  It is located in the Liberty Harbor North
Redevelopment Area.  The area is proposed to have 10,000 units
spread over 80 acres and the subject building sits across from a
Light-Rail Train stop.  The area has recovered after a bankruptcy
filing by the developer in 2012.

The Property has two levels with an effective net rentable space of
8,900 square feet based on plans submitted by the current owner.
The first floor has 6,700 square feet and the 2nd level has 2,200
square feet.  The space has been finished into "Club Barks" a pet
daycare center and also provides overnight boarding services.  Club
Barks is operated by an affiliated debtor, Doggy Care of Jersey
City.  This is a specialized use of the facility would require
significant construction costs to all but a limited pool of
prospective buyers.  The costs of finishing the space for the
Debtor's purpose was $660,000 with an additional $150,000 in soft
costs or industry specific finish.  Amenities include HVAC,
extensive sound proofing, Epoxy flooring, plumbing, two bathrooms,
lighting, finished walls and drop ceilings.  Despite the current
use of the space, the size and basic layout as well as nonbearing
partition walls, this unit could be modified into medical offices,
or other retail uses.

On Feb. 5, 2018, orders authorizing the retention of realtors to
assist the Debtor with marketing the Property were entered by the
Court.  A certification of Gabriel Silverstein, the realtor
retained in the case, is filed simultaneously and in support of the
Motion.  The Property was originally listed for sale as a sale and
leaseback in May of 2017.  It has been continuously marketed since
that time locally, regionally, and nationally in commercial
property databases such as LoopNet, CoStar and an online based
national forum for brokers and buyers.  The property was marketed
by Blau & Berg (a leading northern New Jersey commercial real
estate brokerage firm) and by SVN | Angelic (leader of SVN's
institutional capital markets practice) to their respective buyer
databases and brokerage industry contacts.  For reasons recited by
Mr. Silverstein in his certification, only the last offer, the
offer presented has materialized.

Subject to Court authorization, the Debtor has entered into a
contract for sale of real estate for a purchase price of $3 million
to the Purchaser.  The parties had contracted to purchase the
Property at the time the case was filed.  However, the parties were
not able to reach agreement on material terms and allowed the
contract to be terminated by its own terms.  The Debtor did not
wish to
effectuate the pre-petition contract whereas it did not yield
sufficient net proceeds.  The current Purchase Agreement is annexed
to the certification of Stephen Anatro, which is filed
simultaneously with and in support of the Motion.  The transaction
is structured as a sale/leaseback.  The Debtor intends to take over
the operations of its affiliate entity and operate the business
known as Club Barks from the present location.  The Purchase
Agreement and the sale to the Purchaser is contingent upon and
subject to the Court's approval.

The case was filed to stay a tax foreclosure sale.  Taxes were
assessed against the Property and having not been paid, a sale for
delinquent taxes was held by the Collector of Taxes of the City of
Jersey City on Dec. 18, 2014.  At the tax sale the Collector of
Taxes issued Gregory Judge a Certificate of Tax Sale which bears
number 2014-1829 and was dated Dec. 18, 2014.  The Certificate was
recorded in the Hudson County Register's office on March 12, 2015
and identified on the Report of Title.

The Property may be encumbered by certain other liens as set forth
in detail in the Report of Title.  The Report of Title included a
county search, tax and assessment search, an upper courts and
Patriot search.

The additional liens that may encumber the Property include:

     a. Any and all other unpaid property taxes;

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

     c. Mortgage lien Bank of New Jersey in the amount of $263,835
as of the Petition Date.  Said mortgage was recorded on Aug. 29,
2014 in the Hudson County Register's Office in Mortgage Book
M18304, Page 20334.

     d. Mortgage lien Bank of New Jersey in the amount of
$1,776,442 as of the Petition Date.  Said mortgage was recorded on
Jan. 27, 2014 in the Hudson County Register's Office in Mortgage
Book 18304, Page 34.

     e. Any and all unpaid condominium association fees, charge,
liens, assessments owed to The Gulls Cove JC Condominium
Association, Inc.

The proposed Settlement Statement illustrates that there would be
net proceeds after paying all liens as alleged to be due.
Notwithstanding, it is the Debtor's intention to not pay real
estate taxes at closing but for those liens to attach to the
proceeds until the amount actually due can be proven.  A claim has
not yet been filed by the tax certificate holder; however, a tax
redemption certificate has been obtained.

The pertinent terms of the Purchase Agreement are:

     a. The Purchase Agreement provides for a $3 million purchase
price, free and clear of any and all liens, claims or interest,
with an initial deposit of $50,000 due at the time of the execution
of the Purchase Agreement and the balance to be paid at closing of
title.

     b. Upon expiration of the period for the Contingencies
contained in the Purchase Agreement, the Deposit will be completely
non-refundable to Purchaser except in the event of a default by
Seller.

     c. The obligation of Purchaser to purchase the Property is
expressly contingent upon the achievement or satisfaction of all of
the following conditions: (i) Due Diligence will have forty-five
days from the Effective Date of the Contract to investigate,
review, and inspect any and all matters relating to the Property
(including environmental); (ii) the closing will be subject to the
Lessee signing and delivering a Lease agreement to Lease the
Property upon such terms and conditions listed in the Purchase
Contract; (iii) the closing will be subject to Stephen Anatro
individually providing a personal guarantee; (iv) the closing will
be contingent upon Purchaser obtaining from the Board of The Gulls
Cove Condominiums written waiver of its right of first refusal to
purchase the
Property as well as the Board's written statement confirming the
common charges and assessments attributable to the Property; (v)
the Closing is contingent upon the Bankruptcy Court granting its
approval for both the Purchase Agreement and the sale.

     d. The closing is anticipated to occur on or about that date
which is the first business day occurring fifteen days after the
expiration of the Due Diligence Period.

     e. In the event Purchaser defaults in its obligations the
deposit will serve as liquidated damages and this Contract will be
terminated. In the event the Debtor defaults in its obligations
under the Purchase Agreement, or otherwise fails or is unable to
convey title to the Property, the Purchaser's exclusive remedies
will be to (i) seek specific performance, or (ii) terminate the
Purchase Agreement and receive the return of the escrow funds plus
payment from the Debtor in an amount equal to the Purchaser's
reasonable actual and verifiable incurred costs and expenses
(including reasonable attorney's and other professional's fees)
arising out of the Purchase Agreement and Purchaser's due diligence
activities with respect to the transaction contemplated in an
amount not to exceed $35,000 in the aggregate.

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

           http://bankrupt.com/misc/201_Luiz_63_Sales.pdf

The Debtor asks the Court to authorize the payment of the
professional fees to be paid from the sale proceeds.

The Debtor asserts that given the goal by the parties in the case
to sell the Property and bring the case to conclusion in the short
term, there is cause to waive the stay, and the Debtor asks that
upon approval of the sale, the 14-day period pursuant to Rule
6004(h) be waived by the Court.

The Purchaser:

          WINFIELD PROPERTIES, LLC
          c/o Winfield Properties
          700 Lanidex Plaza
          Parsipanny, NJ 07054
          Attn: Anthony DiTommaso

The Purchaser is represented by:

          Jay Kolmar, Esq.
          STIRLING REALTY ADVISORS, LLC
          40 Grove Street, Unit A
          Ridgefield, CT 06877
          Telephone: (973) 222-5938
          E-mail: Jkolman@stirlingrealty.net

                   About 201 Luiz Marin Realty

201 Luiz Marin Realty, LLC is a Single Asset Real Estate enterprise
owning a condominium unit situated at 201 Marin Boulevard in the
city of Jersey City, County of Hudson, and State of New Jersey.

Based in Jersey City, New Jersey, 201 Luiz Marin Realty, LLC,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D.N.J. Case No. 17-31443) on October 23, 2017.  Stephen Anatro, its
managing member, signed the petition.

The Debtor is a single asset real estate (as defined in 11 U.S.C.
Section 101(51B)).  At the time of the filing, the Debtor disclosed
zero assets and $3.37 million in liabilities.

Judge Stacey L. Meisel presides over the case.  

The Debtor is represented by the Law Offices of Jerome M. Douglas,
LLC.


4 WEST HOLDINGS: Taps Rust Consulting as Claims and Admin Agent
---------------------------------------------------------------
4 West Holdings, Inc., received approval from the U.S. Bankruptcy
Court for the Northern District of Texas to hire Rust
Consulting/Omni Bankruptcy.

Rust will serve both as an administrative agent and as a claims,
noticing and balloting agent of the company and its affiliates.
The firm will oversee the distribution of notices and the
maintenance, processing and docketing of proofs of claim filed in
the Debtors' Chapter 11 cases.

The firm's hourly rates are:

     Analyst                    $25 - $40
     Consultant                 $50 - $125
     Senior Consultant         $140 - $155
     Equity Services               $175
     Technology/Programming     $85 - $135

Paul Deutch, executive managing director of Rust, disclosed in a
court filing that his firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Paul H. Deutch
     Rust Consulting/Omni Bankruptcy
     1120 Avenue of the Americas, 4th Floor
     New York, NY 10036
     Tel: 212-302-3580
     Fax: 212-302-3820
     E-mail: nycontact@omnimgt.com

                    About 4 West Holdings

4 West Holdings, Inc., et al. -- http://www.orianna.com/-- are
licensed operators of 41 skilled nursing facilities and manage one
skilled nursing facility located in seven states: Georgia, Indiana,
Mississippi, North Carolina, South Carolina, Tennessee and
Virginia. In addition, one of related entity, Palladium Hospice and
Palliative Care, LLC f/k/a Ark Hospice, LL,C provides hospice and
palliative care services at certain of the Facilities and other
third party locations.  They employ approximately 5,000 people,
including but not limited to, nurses, nursing assistants, social
workers, regional directors and supervisors.

4 West Holdings, Inc., and 134 of its affiliates and subsidiaries
filed voluntary petitions in the United States Bankruptcy Court for
the Northern District of Texas in Dallas seeking relief under the
provisions of Chapter 11 of the U.S. Bankruptcy Code on March 6,
2018 (Bankr. N.D. Tex. Lead Case No. 18-30777), with a
restructuring plan that contemplates the transfer of 22 facilities
to new operations.

The Debtors continue to operate their businesses and manage their
properties as debtors-in-possession.

4 West Holdings estimated $10 million to $50 million in assets and
$50 million to $100 million in liabilities as of the filing.

The Hon. Harlin DeWayne Hale is the case judge.

The Debtors tapped DLA PIPER LLP (US) as bankruptcy counsel;
Houlihan Lokey as investment banker; Crowe Horwath LLP as financial
advisor; and Ankura Consulting Group, LLC as interim management
services provider.


4 WEST HOLDINGS: Wants Court Approval to Use Cash Collateral
------------------------------------------------------------
4 West Holdings, Inc., and its debtor-affiliates, seek authority
from the U.S. Bankruptcy Court for the Northern District of Texas
for permission to use cash collateral.

The Debtors told the Court that they require the use of Cash
Collateral to continue to operate their businesses during the
Chapter 11 Cases.  If the Debtors are unable, on a consistent
basis, to maintain their businesses and demonstrate financial
stability to existing and future residents, the Debtors' Facilities
will lose existing residents, employees, and vendors, will be
unable to attract new residents and will be forced to cease
operations.  Such a result will not only cause harm to the Debtors,
but it will also cause harm to the residents of the Facilities if
the Debtors are unable to provide proper care as they may be forced
to relocate.

The Debtors further said that they have determined the use of cash
collateral will not be enough to finance their and would also need
immediate access to additional financing.

                       Sterling Facility

The Debtors told the Court that certain Of the Operating Debtors
(Sterling Borrowers) entered into a Revolving Loan and Security
Agreement, dated March 1, 2016, with Sterling National Bank. As of
the bankruptcy filing, the outstanding balance owed under the
Sterling Facility is approximately $14,216,459.

In order to secure repayment of this loan, Sterling was granted a
first priority perfected security interest and lien on: (a) all
Receivables, (b) to the maximum extent permitted by law, all
deposit accounts of Sterling Borrowers subject to a Depository or
Account Control Agreement, including, without limitation, each
Lockbox and each Lockbox Account, and amounts held therein, (c) all
money and cash, including all cash collateral, in a deposit account
subject to a DACA, including, without limitation, all Collections,
(d) all general intangibles and payment intangibles, and any other
rights to payment of every kind and description, and any contract
rights, chattel paper, documents and instruments relating to the
Receivables and all of such Sterling Borrowers’ rights and
remedies with respect to the Receivables or the obligation of any
Obligor with respect thereto, (e) all Records relating to the
Sterling Borrowers’ Receivables and the other items in (a)
through (d) above; (f) and all proceeds of any kind or nature of
the foregoing.

On Oct. 11, 2016, Sterling issued a notice of default under the
facility with a second notice of default issued on Feb. 7, 2017. A
third notice of default was issued on Feb. 22, 2018.

                          Master Leases

Certain of the Debtors are party to Master Leases with affiliates
of Omega Healthcare Investors, Inc., a publicly traded real estate
investment trust that invests in SNFs and assisted living
facilities in the United States and United Kingdom

As of the bankruptcy filing, the aggregate amount of rent and
impositions due and owing under the Master Lease include:

   (a) $43,747,162 for the South East Region Master Lease;
   (b) $297,871 for the Indiana Master Lease;
   (c) $5,0473,835 for the Laurel Baye Master Lease;
   (d) $668,933 Northwest Region Master Lease; and
   (e) $1,250,000 for the Texas Master Lease.

Under the Master Leases, the Debtors (a) granted to OHI Asset RO,
LLC, a security interest in all "Collateral" and "Pledged
Collateral," which includes substantially all assets of the Master
Lease Debtors, and (b) granted to certain of the Master Lease
Landlords precautionary mortgages on certain of the Leased
Property.  As of the bankruptcy filing, the Debtors owed
approximately $52 million of rent to the Master Lease Landlords
under the Master Leases.

                 Working Capital Loan Agreement

The Debtors disclosed that it entered into a Working Capital Loan
Agreement, dated May 2, 2017, which provided an $18.8 million line
of credit. Most of the proceeds of this loan were used by the
Debtors to pay rent and real property taxes with the remainder used
for other Debtor operating expenses. As of March 6, 2018, the
outstanding principal balance under the Working Capital Loan
Agreement is approximately $15 million New Ark Mezz Note.

Pursuant to the First Amended and Restated Subordinated Promissory
Note, dated April 1, 2014, 4 West Holdings issued a $11,150,000
subordinated secured note to New Ark Mezz Holdings, LLC, the
proceeds of which were paid to the Omega Parties as part of the
closing of the acquisition by merger of Ark Holding Company, Inc.,
dba Covenant Dove, pursuant to that certain Agreement and Plan of
Merger, dated Sept. 13, 2013, by and among 4 West Holdings, New Ark
Investment, Inc. (NAI), AHC, and Behrman Capital PEP L.P. (the
previous owner of AHC). The maturity date of the New Ark Mezz Note
is March 31, 2018 and as of the Petition Date, the outstanding
balance under the New Ark Mezz Note was approximately $6.2
million.

                          SA Mezz Note

Pursuant to the Amended and Restated Promissory Note, dated Feb. 1,
2017, Debtor Palladium issued a $1,100,000 unsecured promissory
note to SA Mezz Holdings, LLC, the proceeds of which were applied
in connection with Palladium’s acquisition of Pinnacle Hospice,
LLC in August 2016. The maturity date of the SA Mezz Note is Aug.
1, 2021. As of the Petition Date, the outstanding balance of the SA
Mezz Note, with interest, was approximately $1.2 million.

                           Other Debt

As of the Debtors' bankruptcy filing, Date, the Debtors owe an
aggregate of approximately $67 million in unsecured trade debt,
most of which is owed to vendors who provide goods or services
necessary in the operation of the SNFs.

                        Lender Consensus

The Debtors revealed that they attempted to seek consensus among
the prepetition lenders for both the use of cash collateral and DIP
financing. However, neither the Sterling Parties nor the
Prepetition Secured Parties were willing to consent to the granting
of any priming liens on their collateral in favor of the other
party. Moreover, the Sterling Parties have taken the position that
the Sterling Intercreditor Agreement precludes the granting of
priming liens on their collateral absent their consent.  Finally, a
major portion of the Restructuring Support Agreement involves
restructuring the financial arrangements with a group of the
Debtors' prepetition secured lenders, which are the Omega Parties.

A full-text copy of the Motion can be viewed at:

        http://bankrupt.com/misc/4WestHoldings.pdf

                        About 4 West Holdings

4 West Holdings, Inc., et al. -- http://www.orianna.com/-- are
licensed operators of 41 skilled nursing facilities and manage one
skilled nursing facility located in seven states: Georgia, Indiana,
Mississippi, North Carolina, South Carolina, Tennessee and
Virginia. In addition, one of related entity, Palladium Hospice and
Palliative Care, LLC f/k/a Ark Hospice, LL,C provides hospice and
palliative care services at certain of the Facilities and other
third party locations. They employ approximately 5,000 people,
including but not limited to, nurses, nursing assistants, social
workers, regional directors and supervisors.

4 West Holdings, Inc. and 134 of its affiliates and subsidiaries
filed voluntary petitions in the United States Bankruptcy Court for
the Northern District of Texas in Dallas seeking relief under the
provisions of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.
Tex. Lead Case No. 18-30777) on March 6, 2018 , with a
restructuring plan that contemplates the transfer of 22 facilities
to new operations.

The Debtors continue to operate their businesses and manage their
properties as debtors-in-possession.  4 West Holdings estimated $10
million to $50 million in assets and $50 million to $100 million in
liabilities as of the filing.

The Hon. Harlin DeWayne Hale is the case judge.

The Debtors tapped DLA Piper LLP (US) as bankruptcy counsel;
Houlihan Lokey as investment banker; Crowe Horwath LLP as financial
advisor; Ankura Consulting Group, LLC, as interim management
services provider; and Rust Consulting/Omni Bankruptcy as claims
agent.


7215 N OAKLEY: Case Summary & 16 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: 7215 N Oakley, LLC
        30 Coventry Road
        Northfield, IL 60093

Business Description: 7215 N Oakley, LLC listed its business
                      as Single Asset Real Estate (as defined in
                      11 U.S.C. Section 101(51B)).

Chapter 11 Petition Date: March 14, 2018

Case No.: 18-07309

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Hon. Deborah L. Thorne

Debtor's Counsel: Robert W Glantz, Esq.
                  SHAW FISHMAN GLANTZ & TOWBIN LLC
                  321 N. Clark St., Suite 800
                  Chicago, IL 60654
                  Tel: 312-541-0151
                  Fax: 312-980-3888
                  E-mail: rglantz@shawfishman.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Nick Stein, manager of 7215 N Oakley,
LLC.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 16 largest unsecured creditors is available
for free at:

               http://bankrupt.com/misc/ilnb18-07309.pdf


8341 BEECHCRAFT: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The Office of the U.S. Trustee on March 12 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of 8341 Beechcraft, LLC.

                     About 8341 Beechcraft

Based in Gaithersburg, Maryland, 8341 Beechcraft, L.L.C., listed
itself as a single asset real estate as defined in 11 U.S.C.
Section 101(51B).  8341 Beechcraft, L.L.C., based in Gaithersburg,
MD, filed a Chapter 11 petition (Bankr. D. Md. Case No. 18-11393)
on Feb. 1, 2018.  In the petition signed by David I. Bacharach,
managing member, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The Hon. Thomas J. Catliota presides
over the case.  Marc E. Shach, Esq., at Coon & Cole, LLC, serves as
bankruptcy counsel to the Debtor.


9800 WEDDINGS: Permitted to Use BOTW Cash Collateral Until June 2
-----------------------------------------------------------------
Judge Brenda Moody Whinery of the U.S. Bankruptcy Court for the
District of Arizona inked her approval on the third stipulated
interim order authorizing 9800 Weddings, LLC, to use cash
collateral through June 2, 2018.

The Debtor is allowed to use cash collateral in order to pay the
expenses set forth in the budget for the continued operation of its
business and property.  The approved expenses will include such
amounts as are necessary to address the preservation of the Trust
Property, including the payment of insurance, real property taxes
and regular and routine maintenance.

Bank of the West extended a Loan to the Debtor, governed by a
Business Loan Agreement and evidenced by a Promissory Note, in the
original principal amount of $780,000, and secured by, among other
things, a Deed of Trust which encumbers real property owned by the
Debtor and located at 9800 N. Oracle Rd., Tucson, Arizona 85704.
Bank of the West also holds an Assignment of Rents, including any
and all rents, revenues, income, receipts, issues, deposits, and
profits arising out of the Trust Property as security for repayment
of the Note. As such, Bank of the West claims that all rents and
proceeds generated by the Trust Property constitute its cash
collateral.

The Debtor entered into an agreement to lease the Trust Property
with Hanita, LLC, and pursuant to the terms of the Lease Agreement,
Tenant is obligated to pay monthly rent in the amount of $8,000.

The Debtor is directed to pay the rent to Bank of the West. The
balance of the rent will be retained by the Debtor who will hold
and deposit such rent as cash collateral in a segregated cash
collateral account. The Debtor may withdraw funds from the Cash
Collateral Account as are necessary to pay the Approved Expenses in
accordance with the provisions of the Order and the Budget.

Additionally, the Debtor is required to provide Bank of the West
with: (a) proof of insurance on real property and its contents
which belong to the Debtor naming Bank of the West as the mortgagee
and loss payee; and (b) accumulate all excess Cash Collateral in
the Cash Collateral Account.

Bank of the West will have the right to inspect or otherwise
examine the books, records and premises of the Debtor as such are
relevant to the rights of BOTW under the Loan Documents. Bank of
the West will have full and complete access to all financial
records as may be necessary to ensure the Debtor's compliance with
the Order, and any other orders entered by the Court. Further, the
Debtor is required to transmit to Bank of the West copies of
reports, financial or otherwise, including monthly operating
reports.

Bank of the West continues to be granted a replacement lien and
security interest in the cash collateral and rents to secure the
debt owed to Bank of the West under the Loan Documents for money
used by the Debtor.

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

           http://bankrupt.com/misc/azb17-01376-114.pdf

                     About 9800 Weddings

9800 Weddings, LLC, filed a Chapter 11 petition (Bankr. D. Ariz.
Case No. 17-01376) on Feb. 15, 2017.  In the petition signed by Joe
E. May, manager, the Debtor had $800,000 in total assets and $1.26
million in total liabilities.  The case is assigned to Judge Brenda
Moody Whinery.  Eric Slocum Sparks, Esq., at Eric Slocum Sparks,
P.C., is the Debtor's counsel.  The Debtor also employs Marchetti
Law, PLLC, as special counsel.

                         *     *     *

On May 16, 2017, the Debtor filed a disclosure statement and
Chapter 11 plan of reorganization.


ACER THERAPEUTICS: Widens Net Loss to $14.2 Million in 2017
-----------------------------------------------------------
Acer Therapeutics Inc. filed with the Securities and Exchange
Commission its annual report on Form 10-K reporting a net loss of
$14.19 million for the year ended Dec. 31, 2017, compared to a net
loss of $6.69 million for the year ended Dec. 31, 2016.

As of Dec. 31, 2017, Acer Therapeutics had $24.36 million in total
assets, $2.03 million in total liabilities and $22.33 million in
total stockholders' equity.

Since its inception, the Company has devoted substantially all of
its efforts to business planning, research and development,
recruiting management and technical staff, acquiring operating
assets and raising capital.  The Company has not generated any
product revenue to date and may never generate any product revenue
in the future.

Net cash used in operating activities was approximately $14.1
million for the year ended Dec. 31, 2017, as compared to
approximately $7.0 million for the year ended Dec. 31, 2016.  The
increase of approximately $7.1 million was principally the result
of an increase in net loss due to increased research and
development activities in advancing its product candidates and
increased general and administrative activities.

Net cash provided by investing activities during the year ended
Dec. 31, 2017, relates to cash acquired in the Merger.  The Company
had no significant cash generated from or used in investing
activities during the year ended Dec. 31, 2016.

Net cash provided by financing activities during the year ended
Dec. 31, 2017, consisted of $21.5 million of net proceeds from the
issuance of common stock and $5.5 million from the issuance of
convertible notes payable (which, together with $174,452 of accrued
interest, was converted into common stock).  Net cash provided by
financing activities during the year ended Dec. 31, 2016, consisted
of net proceeds from the issuance of Series B Convertible
Redeemable Preferred stock.

Cash and cash equivalents were $15.6 million as of Dec. 31, 2017,
compared to $1.8 million as of Dec. 31, 2016.

Research and development expenses were $1.8 million for the three
months ended Dec. 31, 2017, compared with $1.8 million for the
three months ended Dec. 31, 2016.  Research and development
expenses were $8.7 million for the year ended Dec. 31, 2017,
compared with $5.3 million for the year ended Dec. 31, 2016.  The
Company's research and development expenses continue to be
primarily focused on spending for clinical development, regulatory,
and manufacturing services related to EDSIVO.  

General and administrative expenses were $2.4 million for the three
months ended Dec. 31, 2017, compared with $0.3 million for the
three months ended Dec. 31, 2016.  General and administrative
expenses were $5.2 million for the year ended Dec. 31, 2017,
compared with $1.4 million for the year ended Dec. 31, 2016.  The
increase in expenses is primarily due to an increase in
pre-commercial activities related to EDSIVO and professional
services costs.

Net loss for the three months ended Dec. 31, 2017 was $4.2 million,
or $0.63 loss per share (basic and diluted), compared with a net
loss of $2.1 million, or $0.87 loss per share (basic and diluted),
for the three months ended Dec. 31, 2016.

Wolf & Company, P.C., in Boston, Massachusetts, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2017, noting that the
Company has recurring losses from operations which raises
substantial doubt about the Company's ability to continue as a
going concern.

                        CEO's Statement

"We accomplished a lot in 2017 that sets the stage nicely for us to
deliver on multiple significant milestones anticipated in 2018. We
believe that by going public, hiring several key executives and
raising enough capital to fund our current operating requirements
through the end of this year, we are now in a position to finalize
the critical activities over the next few months required to submit
a New Drug Application (NDA) for EDSIVO in vascular Ehlers-Danlos
syndrome (vEDS)," said Chris Schelling, CEO and founder of Acer.
"We are also working very closely with the vEDS community to better
understand their needs and to learn how we can best partner with
them going forward.  Collectively, we are exploring how Acer can
begin supporting initiatives that help strengthen patient advocacy
and establish centers of excellence, accelerate diagnosis and
optimize patient care, and sponsor additional research
collaborations with leading experts in vEDS."  Mr. Schelling
continued, "Beyond vEDS, we look to advance and expand our pipeline
with the goal of bringing multiple products to patients with
serious ultra-orphan diseases over the next several years."

2017 and Recent Highlights

   * Announced positive results from the pivotal clinical trial of
     EDSIVO (celiprolol) for the treatment of vEDS.  Its
     retrospective source-verified analysis of the trial data,
     including the primary and secondary endpoints, confirmed the
     data from a previously published randomized controlled
     clinical study of celiprolol.  The Company plans to discuss
     these key data during a pre-NDA meeting with the FDA in the
     second quarter of 2018.

   * Closed merger with Opexa Therapeutics, Inc. and common stock
     commenced trading on the Nasdaq Capital Market in the third
     quarter of 2017

   * Raised $28.3 million in 2017 through an underwritten public
     offering and the private placement of securities

   * Expanded management team and independent board directors

   * Ended 2017 with $15.6 million in cash and cash equivalents
     and no debt, which the Company believes is sufficient to fund
     its current operating and capital requirements through the
     end of 2018

Upcoming Milestones

   * Potential publication of celiprolol vEDS Patient Registry
     data.  The manuscript is currently under peer review, and if
     accepted, may be published by the end of the first quarter of

     2018.

   * Targeting a pre-NDA meeting, which may consist of one or more
     consults, with the FDA in the second quarter of 2018

   * Anticipate submitting an NDA to the FDA for EDSIVO for the   

     treatment of vEDS at the end of the first half of 2018

   * Continuing pre-commercial activities for EDSIVO

   * Making additional senior-level commercial and medical affairs
     hires this year, as well as continuing to build out the
     commercial team and add other core personnel later this year

For additional information, please see the Company's Annual Report
on Form 10-K for free at https://is.gd/W8vEgz

                    About Acer Therapeutics

Acer Therapeutics Inc., headquartered in Newton, MA --
http://www.acertx.com/-- is a pharmaceutical company focused on
the acquisition, development and commercialization of therapies for
patients with serious rare and ultra-rare diseases with critical
unmet medical need.  Acer's late-stage clinical pipeline includes
two candidates for severe genetic disorders: EDSIVO (celiprolol)
for vascular Ehlers-Danlos syndrome (vEDS), and ACER-001 (a fully
taste-masked, immediate release formulation of sodium
phenylbutyrate) for urea cycle disorders (UCD) and Maple Syrup
Urine Disease (MSUD).  There are no FDA-approved drugs for vEDS and
MSUD and limited options for UCD, which collectively impact
approximately 7,000 patients in the U.S. Acer's product candidates
have clinical proof-of-concept and mechanistic differentiation, and
Acer intends to seek approval for them in the U.S. by using the
regulatory pathway established under section 505(b)(2) of the
Federal Food, Drug, and Cosmetic Act (FFDCA) that allows an
applicant to rely at least in part on third-party data for
approval, which may expedite the preparation, submission, and
approval of a marketing application.  

On Sept. 19, 2017, Acer Therapeutics Inc. completed the merger with
Opexa Therapeutics, Inc., under which the stockholders of Acer
(including investors in a financing that closed concurrently with
the merger) become holders of 88.8% of combined company's
outstanding common stock, with Opexa shareholders retaining 11.2%.


ADVANTAGE SALES: Bank Debt Trades at 3.75% Off
----------------------------------------------
Participations in a syndicated loan under which Advantage Sales &
Marketing is a borrower traded in the secondary market at 96.25
cents-on-the-dollar during the week ended Friday, March 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.38 percentage points from the
previous week. Advantage Sales pays 650 basis points above LIBOR to
borrow under the $760 million facility. The bank loan matures on
July 25, 2022. Moody's rates the loan 'Caa1' and Standard & Poor's
gave a 'CCC+' rating to the loan. The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday,
March 2.


AIRXCEL INC: S&P Puts 'B' CCR on Watch Neg. Amid L Catterton Deal
-----------------------------------------------------------------
S&P Global Ratings placed its 'B' corporate credit rating on
Airxcel Inc. on CreditWatch with negative implications. S&P also
placed the 'B' issue-level rating on its $279 million (outstanding)
senior secured notes due 2022 on CreditWatch with negative
implications.

The CreditWatch listing reflects the announcement that Airxcel's
owner, One Rock Capital Partners, has entered into an agreement to
sell Airxcel to financial sponsor L Catterton, and that the terms
of the transaction, the proposed capital structure, and the planned
financial policy of the new owners are unknown. As a result, there
is a possibility that incremental debt financing to fund the
acquisition could result in higher leverage and a lower corporate
credit rating on Airxcel. S&P said, "Even though our current
base-case forecast for adjusted debt to EBITDA is about 4x in 2018,
our current highly leveraged financial risk assessment on Airxcel
reflects the company's financial sponsor ownership and our
expectation that financial sponsors frequently extract cash or
otherwise increase leverage over time. Furthermore, while we could
affirm the current 'B' corporate credit rating because Airxcel
currently has some leverage capacity compared to our 7x downgrade
threshold, we believe significant debt issuance to fund the
acquisition could put downward pressure on the rating, depending on
the amount and cost of the debt raised."

S&P will resolve the CreditWatch listing once information about the
terms of the transaction become available and it can assess the
company's proposed capital structure, financial policy, and
strategic direction.


ALLIED FINANCIAL: Escobar Buying Aguadilla Property for $34K
------------------------------------------------------------
Allied Financial, Inc., asks the U.S. Bankruptcy Court for the
District of Puerto Rico to authorize the sale of a lot of land
located at Barrio Aguacate Road No. 110 Km 5.1, Aguadilla, Puerto
Rico, Registered as Property Num. 30,062, at page No. 134, of Vol.
627 in Aguadilla Registry Num. 4, to Sandro Escobar for $34,412.

Objections, if any, must be filed within 21 days from the date the
Motion was served.

The Debtor listed in its Schedules an interest in the Property.
The Property has approximately 860,303 square meters.  The Debtor
listed it with a value of $38,714 in its Schedules.

The Debtor listed Oriental Bank as a creditor with a secured claim
over the Property in the amount of $38,714.  It acquired the
Property via Deed of Judicial Sale and Cancelation of Mortgage Note
by Notary Public Shariann Morales Feliciano.  It has identified the
Purchaser as a potential buyer for the Property in the amount of
$34,412.  The offer constitutes a value equal to $40 per square
meter.

Although there is no recent appraisal of the Property, the Debtor
is selling it for the same price per square meter as previous sales
in the same area.  The Purchaser is a willing and able purchaser.
The sale of the Property is in benefit of the estate and all
parties in interest.  Oriental Bank has accepted the offer.

The transfer of the Property will be free and clear of liens, and
exempt from the payment of taxes, stamps and vouchers, pursuant to
the provisions of 11 USC 1146, if the transaction for some reason
is delayed and takes place under the Plan of Reorganization.

Each of the parties to the sale will assume its own payment of
expenses under the provisions of the Notary Law of Puerto Rico.
Furthermore, the Debtor received from the Purchaser a check in the
amount of $2,000 as a good faith deposit under the purchase option,
which will be applied to the purchase price at the closing if the
Purchaser exercises the option and buys the Property as per the
terms and conditions of the agreement.  The sale will be free and
clear of all liens including, but not limited to those listed.

The Property, as of the date, has property tax debt, in the total
amount of $858.  Any amounts owed to CRIM will be paid first with
the proceeds of the sale.  The Purchase Option Agreement will
expire 90 days from the date of the agreement or 10 days from the
date the sale is approved by the Court, whichever is later.  There
are no common maintenance fees or homeowners' association dues in
relation to the Property, since such association does not exist.

The Debtor submits that the Sale satisfies the sound business
reason test, is a proper exercise of the Debtor's business
judgment, and is in the best interest of the estate and should be
approved.

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

      http://bankrupt.com/misc/ALLIED_FINANCIAL_279_Sales.pdf

                    About Allied Financial

Allied Financial, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. D.P.R. Case No. 16-00180) on Jan. 15, 2016.  In the
petition was signed by Rafael Portela, president of the Board of
Directors, the Debtor disclosed total assets of $10.3 million and
total debt of $9.14 million.  Judge Mildred Caban Flores presides
over the case.  C. Conde & Assoc. is counsel to the Debtor.


ALPHATEC HOLDINGS: Acquires SafeOp & Obtains $50M Financing
-----------------------------------------------------------
Alphatec Holdings, Inc., has acquired SafeOp Surgical, Inc., a
privately-held provider of advanced neuromonitoring technology
designed to prevent the intraoperative risk of nerve injury with
automated assessment that obviates the need for a technician or
other neuromonitoring professional in most surgeries.  The Company
also announced a $50 million capital raise, the proceeds of which
were used, in part, to fund the acquisition.

Additionally, the Company announced several leadership updates. Pat
Miles has assumed the role of chief executive officer.  Terry Rich
has been appointed president and chief operating officer. Both will
retain their existing Board positions.  Dr. Luiz Pimenta has been
appointed chief medical officer.

                     SafeOp Acquisition

SafeOp has developed patented technology that automates SSEP's
(Somatosensory Evoked Potentials), designed to provide surgeons
with unprecedented, objective feedback during surgery.

"This strategic acquisition of SafeOp marks a transformational
moment for the new ATEC," said Pat Miles.  "Our answer to the need
for better neuromonitoring is investing in technology that
automates information to enable objective clinical decision making
and eradicate non-critical operating room personnel.  The
integration of this key technology into our spine procedures will
address unmet clinical needs and improve surgical outcomes in
spine.  We expect the combination to accelerate our business by
increasing procedural revenue and driving pull-through across our
entire portfolio."

In consideration for SafeOp, Alphatec will pay $15 million in
up-front cash, a $3 million convertible note, and the issuance of
3.3 million shares of common stock and warrants to purchase 2.2
million shares of common stock at an exercise price of $3.50 per
share.  SafeOp will be eligible to receive an additional 1.3
million shares of common stock, subject to the achievement of
performance milestones.  The issuance of the shares of common stock
in the merger, including at closing, upon achievement of
milestones, conversion of the notes and exercise of the warrants is
subject to limitations until required stockholder approval is
obtained in accordance with the NASDAQ Global Select Market rules.

                 Leadership and Board Appointments

The Company also announced the following leadership and board
appointments.

Dr. Luiz Pimenta will advise Alphatec as chief medical officer.
Pimenta is a world-renowned spine surgeon with over 30 years of
expertise, and is widely credited with pioneering innovative
surgical techniques and developing new technologies to improve
spine surgery.  His broad contributions have been commercialized
via numerous industry partners.  Dr. Pimenta will enhance the ATEC
strategy by focusing on spine innovation and medical education.

Miles continued, "I am honored and thrilled to work again with Dr.
Pimenta.  His decision to assume a key role in our mission is
pivotal.  It speaks volumes of the surgical community's perception
of ATEC's visceral dedication to improved outcomes through eXtreme
innovation."

Richard O'Brien, M.D., and Robert Snow, the scientific principals
of SafeOp, with over 50 years of combined neurophysiology expertise
will join Alphatec as executives.  Prior to serving as vice
president of development and chief medical officer of SafeOp, Dr.
O'Brien, a renowned inventor and neurologist, was medical director
of Impulse Monitoring, Inc., a neuromonitoring provider. Before
joining Impulse Monitoring, O'Brien spent over two decades in the
neurophysiology field, as both a physician and consultant. Mr.
Snow, a neurophysiologist, was SafeOp's vice president, Marketing
for 5 years, following an 11-year tenure as co-founder and senior
vice president of Marketing at Impulse Monitoring.

"I could not be more excited to join the ATEC family and to engage
in the creation of automated tools that provide objective
information for better clinical decision making," said O'Brien.

The SafeOp development and integration effort will be led by Jim
Gharib, an electrical engineer with more than 20 years of
experience in the field of neurophysiology.  Gharib was the
technical lead of NuVasive's neurophysiology platform from the
company's inception to its achievement of billion-dollar revenue
levels.  Gharib is a named inventor on more than 20 patents in the
fields of neuromonitoring, spine surgery, IV infusion, and blood
chemistry.

"I am exceptionally pleased to work again with Rob, Richard, and
Jim, the new leaders of our adjunctive technology team," said Terry
Rich, president and chief operating officer of Alphatec. "They each
have a proven history of successfully creating value in the
neurophysiologic and spine marketplace.  I look forward to working
with each of these new leaders as we evolve into a leading spine
market player."

Three new members have joined the Alphatec Board of Directors, in
connection with the above transactions:

   * James Tullis, the founder and chief executive officer of
     Tullis Health Investors, a healthcare investment firm, has
     over 40 years of experience in healthcare-focused
     investments.  Prior to establishing his firm in 1986, Tullis
     served as an award-winning healthcare investment research
     analyst and Principal at Morgan Stanley, focusing on
     pharmaceuticals and medical devices.

   * Jason Hochberg a partner with L-5 Healthcare Partners, and
     the founder and CEO of SJS Beacon, an investment company, has

     over 20 years of business and legal experience.  Prior to
     founding SJS Beacon, Hochberg held various leadership roles
     throughout a 15-year tenure at LS Power, an energy investment

     and innovation company, serving most recently as chief
     operating officer and as a principal in LS Power's private
     equity fund advisor.  He started his professional career at
     the law firm of Latham & Watkins in 1996.

   * Evan Bakst, a partner with L-5 Healthcare Partners, and the
     founder of and portfolio manager at Treetop Capital, a
     healthcare investment firm.  He has over 25 years of
     experience in healthcare-focused investments.  Prior to
     founding Treetop Capital, Bakst was a partner for 7 years at
     Tremblant Capital, an equity hedge-fund manager, where he led
     the global healthcare group and held various other leadership

     roles.

                  Equity Financing Transactions

The Company announced that it has entered into financing
transactions to raise an aggregate of $50 million, through a
private placement of Series B Convertible Preferred Stock and
warrants exercisable for common stock, and a warrant exchange
agreement with a holder of an existing warrant for an aggregate
consideration of $4.8 million.  The private placement was led by
L-5 Healthcare Partners, LLC, a healthcare-dedicated institutional
investor, and included certain directors and executive officers of
Alphatec, as well as other new and existing institutional and
independent investors.  The Company used a portion of the net
proceeds from the private placement and warrant exercise to fund
the $15 million cash purchase price for SafeOp, and expects to use
the remainder for general corporate purposes.

Raymond James & Associates, Inc., is acting as placement agent in
connection with the private placement and financing advisor in
connection with the SafeOp acquisition.

                       Inducement Award

As an inducement to accepting employment with the Company, and in
accordance with applicable NASDAQ listing requirements, the Board
of Directors has also approved an award, collectively, to these new
additions of 45,000 restricted stock units (RSUs) and 45,000 stock
options.

The RSUs and options will be granted following registration of the
common stock underlying the RSUs and Options.  The RSUs will vest
in equal annual installments on each of the first four
anniversaries of date of employment, and the options will vest 25
percent on the first anniversary and in equal monthly installments
of 1/36th of the balance of the Options, provided the recipient
remains continuously employed by Alphatec as of such vesting date.
In addition, the RSUs and Options will fully vest upon a change in
control of Alphatec.

The Board approved an amendment to Alphatec's 2016 Employment
Inducement Award Plan to increase the shares reserved for issuance
thereunder by 600,000 shares, effective March 6, 2018.

                    About Alphatec Holdings

Carlsbad, California-based Alphatec Holdings, Inc., through its
wholly owned subsidiary Alphatec Spine, Inc. --
http://www.atecspine.com/-- is a medical device company that
designs, develops, and markets spinal fusion technology products
and solutions for the treatment of spinal disorders associated with
disease and degeneration, congenital deformities, and trauma.  The
Company's mission is to improve lives by providing innovative spine
surgery solutions through the relentless pursuit of superior
outcomes.

Alphatec incurred a net loss of $2.29 million in 2017 following a
net loss of $29.92 million in 2016.  As of Dec. 31, 2017, Alphatec
Holdings had $84.66 million in total assets, $87.71 million in
total liabilities, $23.60 million in redeemable preferred stock,
and a total stockholders' deficit of $26.65 million.


ALPHATEC HOLDINGS: Narrows Net Loss to $2.3 Million in 2017
-----------------------------------------------------------
Alphatec Holdings, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K reporting a net loss of
$2.29 million on $101.73 million of revenues for the year ended
Dec. 31, 2017, compared to a net loss of $29.92 million on $120.2
million of revenues for the year ended Dec. 31, 2016.

Revenue decreased on a year-over-year basis as a result of the
Company's execution of its sales organization transition and the
impact of lost revenue related to the financial and operational
challenges the Company faced in 2016 prior to the sale of its
international business.  The year-over-year improvement in
operating expenses is the result of a comprehensive initiative to
reduce costs and drive operational efficiencies.

As of Dec. 31, 2017, Alphatec Holdings had $84.66 million in total
assets, $87.71 million in total liabilities, $23.60 million in
redeemable preferred stock, and a total stockholders' deficit of
$26.65 million.

"We closed 2017 with solid momentum, and on excellent footing to
continue to drive ATEC's advancement into an innovative, growth
organization," said Terry Rich, president and chief operating
officer.  "Throughout the year, we demonstrated great progress with
the transition of our sales channel and aggressively managed
expenses and cash.  We have an exceptionally strong understanding
of what it will take to achieve our vision and the strongest team
in spine to accomplish it."

U.S. commercial revenue for the fourth quarter of 2017 was $20.9
million, up $0.2 million compared to $20.7 million in the third
quarter of 2017.  While U.S. commercial revenue was essentially
flat on a sequential basis, the percentage of revenue generated by
dedicated agents and distributors increased to 40% up from
approximately 30% in the third quarter of 2017.  Revenue growth
generated by the dedicated sales channel has begun to offset the
revenue impacts associated with transitioning or discontinuing
non-strategic distributor relationships.

U.S. gross profit and gross margin for the fourth quarter of 2017
were $14.6 million and 69.9%, respectively, compared to $14.3
million and 69.1%, respectively, for the third quarter of 2017.
U.S. gross margin has stabilized as the Company continues to
optimize its supply chain.

Total operating expenses for the fourth quarter of 2017 were $18.9
million, reflecting an increase of $3.1 million compared to $15.8
million in the third quarter of 2017.  On a non-GAAP basis,
excluding restructuring charges and stock-based compensation, total
operating expenses in the fourth quarter increased from $15.2
million to $16.3 million, reflecting increased investments in
product development and leadership.

GAAP loss from continuing operations for the fourth quarter of 2017
was $3.6 million, compared to a loss of $1.3 million for the third
quarter of 2017, of which $1.9 million of the additional loss was
attributed to an increase in non-cash, stock-based compensation.

Non-GAAP Adjusted EBITDA in the fourth quarter of 2017 was $1.0
million, compared to $1.1 million in the third quarter of 2017.

Gain on change in fair value of warrants in the fourth quarter of
2017 was $12.0 million, representing the change in fair value of
certain warrants to purchase common stock that were temporarily
classified as a liability on the consolidated balance sheet, and
subsequently reclassified as stockholders’ equity, in accordance
with authoritative accounting guidance.

Current and long-term debt includes $32.4 million in term debt and
$10.3 million outstanding under the Company's revolving credit
facility at Dec. 31, 2017.  This compares to $33.0 million in term
debt and $9.2 million outstanding under the Company’s revolving
credit facility at Sept. 30, 2017.

Cash and cash equivalents were $22.5 million at Dec. 31, 2017,
compared to $15.4 million reported at Sept. 30, 2017.  During the
fourth quarter of 2017, the Company received additional equity
investments of $3.7 million and generated cash proceeds of $3.3
million from the exercise of warrants.

Alphatec expects total revenue in 2018 to approximate $95.0
million, an increase in the U.S. commercial revenue run rate
reported for the second half of 2017.

Rich continued, "As the transition of our distribution channel
progresses, top-line visibility will continue to be somewhat
limited as we discontinue non-strategic relationships and navigate
the contracting process to execute each transition.  However, I am
proud to say that we are beginning to see our efforts reach
fruition.  As 2018 progresses, we expect that sales from the
dedicated portion of our channel will continue to offset the
negative revenue impacts associated with transitioning or
discontinuing non-strategic distributor relationships."

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

                       https://is.gd/bvdT9p

                   About Alphatec Holdings, Inc.

Carlsbad, California-based Alphatec Holdings, Inc., through its
wholly owned subsidiary Alphatec Spine, Inc., is a medical device
company that designs, develops, and markets spinal fusion
technology products and solutions for the treatment of spinal
disorders associated with disease and degeneration, congenital
deformities, and trauma.  The Company's mission is to improve lives
by providing innovative spine surgery solutions through the
relentless pursuit of superior outcomes.  The Company markets its
products in the U.S. via independent sales agents and a direct
sales force.  Additional information can be found at www.
atecspine.com.


AMARILLO AMBASSADOR: Seeks OK on $1.6-Mil Loan, Cash Collateral Use
-------------------------------------------------------------------
Amarillo Ambassador 265 LLC seeks authorization from the U.S.
Bankruptcy Court for the Northern District of Texas to borrow from
Gelt Financial, LLC, pursuant to the DIP Loan up to the amount of
$1,600,000 and to use a portion of the initial proceeds of such
financing to pay the reasonable costs of Gelt's counsel in
connection with the preparation and funding of the proposed DIP
Loan.  

Gelt will be granted an administrative claim having priority over
any or all administrative expenses with respect to all of the
obligations and indebtedness of Debtor arising under the DIP Loan.
No other claim or interest will be granted a priority superior or
pari passu to that of the claim or interest of Gelt in the Property
or the Cash Collateral Receivables so long as any portion of the
DIP Loan remains outstanding or committed.

As security for the payment and performance of all of the
obligations of the DIP Loan and in fulfillment of Debtor's
agreements under the DIP Loan, Gelt will be granted a valid,
enforceable and attached security interest in and lien on all of
the existing and hereafter acquired right, title, and interest of
Debtor and Debtor in Possession in and to the Property and the Cash
Collateral Receivables, that will be a senior and first priority
assignment of and security interest in and lien on all of the
Property and the Cash Collateral Receivables.

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

           http://bankrupt.com/misc/txnb17-20402-50.pdf

                   About Amarillo Ambassador 265

Based in Amarillo, Texas, and founded in 2014, Amarillo Ambassador
265 LLC is engaged in activities related to real estate.  Amarillo
Ambassador 265 filed a Chapter 11 petition (Bankr. N.D. Tex. Case
No. 17-20402) on Dec. 5, 2017.  In the petition signed by Suneet
Singal, its manager, the Debtor estimated $10 million to $50
million in both assets and liabilities.  The Hon. Robert L. Jones
presides over the case.  Thomas Rice, Esq., at Pulman Cappuccio
Pullen Benson & Jones, LLP, serves as bankruptcy counsel.  ASI
Advisors, LLC, as serves as its financial advisor.


APEX CLEANING: Has Authority to Use Cash Collateral on Final Basis
------------------------------------------------------------------
Judge Jeffery A. Deller of the U.S. Bankruptcy Court of the Western
District of Pennsylvania has entered an order modifying the Consent
Interim Order entered on February 8, 2018 and authorizing Apex
Cleaning Supply, Inc., to use cash collateral of United Bank, Inc.,
on a final basis.

A full-text copy of the Final Cash Collateral Order is available
at:

        http://bankrupt.com/misc/pawb17-25033-79.pdf

                  About Apex Cleaning Supply

Apex Cleaning Supply, Inc., is a full line janitorial supply and
service company located in Uniontown, Pennsylvania.  The company's
service division has been in business for over 25 years.  The
company specializes in daily maintenance, post construction
clean-up, stripping and refinishing all types of flooring, carpet
cleaning, kitchen degreasing, window cleaning and more.

Apex Cleaning Supply filed a Chapter 11 petition (Bankr. W.D. Pa.
Case No. 17-25033) on Dec. 15, 2017.  The petition was signed by
Mark Suchevits, president/owner.  Donald R. Calaiaro, Esq., at
Calaiaro Valencik.  At the time of filing, the Debtor estimated
$100,000 to $500,000 in assets and $1 million to $10 million in
estimated liabilities.


APEX XPRESS: Taps Argus Management Corporation as Financial Advisor
-------------------------------------------------------------------
Apex Xpress, Inc., seeks Authority from the US Bankruptcy Court for
the District of New Jersey to hire Argus Management Corporation as
financial advisor.

The professional services to be rendered by Argus are:

     a. consult with the Debtor and its counsel with respect to the
development and implementation of a plan to reorganize the Debtor's
business operations;

     b. prepare or coordinate the preparation of such budgets,
analyses and reports as may be requested or required by the Debtor,
the Court, the Debtor's secured creditors, and any official
committee appointed in this Chapter 11 case;

     c. prepare or coordinate the preparation of schedules of
assets and liabilities of the Debtor as required by the Bankruptcy
Code and Bankruptcy Rules;

     d. prepare or coordinate the preparation of monthly operating
reports and such other reports and information as may be required
or requested by the Bankruptcy Code and Bankruptcy Rules for use by
the United States Trustee;

     e. advise the Debtor's senior management with respect to the
performance of the business and recommending actions to improve the
value of the Debtor's assets;

     f. assist in any negotiations with creditors;

     g. attend Court proceedings, and testify on behalf of the
Debtor as required; and

     i. perform such other professional services as may be
requested by the Debtor in order to facilitate the Debtor's
reorganization.

Joseph C. Baum,  managing director with Argus, attests that his
firm is a disinterested person under 11 U.S.C. Sec. 101(14) and
does not represent or hold any interest adverse to the debtor or
the estate.

Argus' hourly rates are:

     Name                 Title         Hourly Rate  Discounted
Rate
     ----                 -----         -----------
---------------
     Joseph Baum     Managing Director    $495          $390
     Steve Norowitz  Senior Consultant    $230           N/A

The firm can be reached through:

     Joseph C. Baum
     Argus Management Corporation
     208 West 29th Steet, Suite 613A
     New York, NY 10001
     Phone: (212) 686-1593

                        About Apex Xpress

Apex Xpress, Inc., formerly known as Apex Trucking, provides
transportation services.  The Company offers copier, car, and
motorcycle transportation services, as well as warehousing, copier
installation, prepping, flatbed and building services.  The Company
has locations in Secaucus, New Jersey, Brooklyn, Maryland and
Brockton, Massachusetts.  

Apex Xpress Inc. filed for bankruptcy protection (Bankr. N.J., Case
No. 18-13134) on Feb. 16, 2018.  In the petition signed by Robert
M. Cerchione, president, the Debtor estimated assets of $1 million
to $10 million, and liabilities of $10 million to $50 million.  The
Hon. Stacey L. Meisel presides over the case.  Saul Ewing Arnstein
& Lehr LLP represents the Debtor.


APEX XPRESS: Taps Saul Ewing Arnstein & Lehr LLP as Counsel
-----------------------------------------------------------
Apex Xpress, Inc., seeks Authority from the US Bankruptcy Court for
the District of New Jersey to hire Saul Ewing Arnstein & Lehr LLP
as counsel.

The professional services to be rendered by Saul Ewing are:

     (1) represent the Debtor in its pending chapter 11 case;  

     (2) advise and represent the Debtor with respect to the
continued management and operation of the business and properties
of the Debtor, including its rights and remedies with respect to
its assets and with respect to the claims of creditors;

     (3) prepare on the Debtor's behalf, as debtor-in-possession,
necessary applications, motions, complaints, answers, orders,
reports and other pleadings and documents;

     (4) appear before this Court and other officials and
tribunals, if necessary, and protecting the Debtor's interests in
federal, state and foreign jurisdictions and administrative
proceedings; and

     (5) perform such other legal services for the Debtor, as
debtor-in-possession, as may be necessary and appropriate.

Sharon L. Levine, partner of Saul Ewing Arnstein & Lehr LLP,
attests that SEA&L is a disinterested person under 11 U.S.C. Sec.
101(14) and does not represent or hold any interest adverse to the
debtor or the estate.

SEA&L's hourly rates are:

     Name              Title      Hourly Rate
     ----              -----      -----------
     Sharon Levine     Partner    $795
     Dipesh Patel      Associate  $395
     William Williams  Associate  $315
     Melissa Martinez  Associate  $275

     Billing Category   Range
     ----------------   -----
     Partners           $360-$975
     Counsel            $350-$675
     Associates         $250-$440
     Paraprofessionals   $90-$350

The counsel can be reached through:

     Sharon L. Levine, Esq.
     Dipesh Patel, Esq.  
     Melissa Martinez, Esq.
     SAUL EWING ARNSTEIN & LEHR LLP
     One Riverfront Plaza, Suite 1520
     1037 Raymond Boulevard
     Newark, NJ 07102  
     Tel: (973) 286-6713

                       About Apex Xpress

Apex Xpress, Inc., formerly known as Apex Trucking, provides
transportation services.  The Company offers copier, car, and
motorcycle transportation services, as well as warehousing, copier
installation, prepping, flatbed and building services.  The Company
has locations in Secaucus, New Jersey, Brooklyn, Maryland and
Brockton, Massachusetts.  

Apex Xpress Inc. filed for bankruptcy protection (Bankr. N.J. Case
No. 18-13134) on Feb. 16, 2018.  In the petition signed by Robert
M. Cerchione, president, the Debtor estimated assets of $1 million
to $10 million, and liabilities of $10 million to $50 million.  The
Hon. Stacey L. Meisel presides over the case.  Saul Ewing Arnstein
& Lehr LLP is the Debtor's counsel.  


APOLLO ENDOSURGERY: Concludes LAP-BAND Low BMI Post-Approval Study
------------------------------------------------------------------
Apollo Endosurgery, Inc. announced that the FDA has approved the
termination of the LAP-BAND Lower Body Mass Index (BMI)
Post-approval study.

In 2011, the U.S. FDA granted approval for an expanded indication
for the LAP-BAND System to include patients with a BMI in the range
of 30 to 35 and with one or more comorbid conditions.  As part of
this indication expansion, the manufacturer of LAP-BAND was
required to conduct the LBMI Study, a prospective, multicenter,
open-label, post-approval study intended to evaluate the safety and
effectiveness of the LAP-BAND System in patients with BMI in the
range of 30 to ≤40, with one or more obesity-related
comorbidities and follow the patients up to 10 years after
implantation.  The LBMI Study design was to enroll up to 325
patients from up to 20 clinical study sites.  As of the end of
2017, the study had enrolled 181 subjects from a total of 13
clinical study sites.  The early termination of LBMI Study is
expected to result in a cost savings of approximately $5.1 million
dollars over its remaining term.

The FDA approved the early termination of the LBMI Study based upon
the availability of long-term safety and effectiveness data of
LAP-BAND in the lower BMI indication in existing published
evidence.  Apollo's final study report to FDA included an analysis
of published clinical data referencing 25 published studies,
including the HERO-002 study which Apollo concluded in September of
2017 and reported LAP-BAND patients in the study had experienced:

   * sustained long term weight loss over the five year period
     with the average percent TBWL at five-years of 18.0% plus or
     minus 12.7%, corresponding to 51.7% excess weight loss; and
    
   * a device explant rate of 8.74% which was substantially below
     the study's safety objective of less than 39.4% at five
     years.

HERO-002 was a prospective, five-year, single-arm, multi-center
post-approval study of patients having a BMI ≥40 kg/m2, a BMI ≥
35 with one or more severe co-morbid conditions, or were 100 pounds
or more over their estimated ideal weight who decided to undergo
implantation with the LAP-BAND AP Adjustable Gastric Banding
System.  A total of 671 subjects were enrolled in the HERO-002
study at 17 sites across the United States and Canada.  No
unanticipated adverse device effects were reported in the HERO-002
study.  The majority of adverse events were mild (70.3%) or
moderate (23.7%) in severity.  The most common device related
adverse events were vomiting (33.0%), gastroesophageal reflux
disease (20.6%) and dysphagia (22.3%).  All device-related serious
adverse events were resolved without sequelae.

                        About LAP-BAND

The LAP-BAND AP Adjustable Gastric Banding System is placed
laparoscopically in a minimally invasive procedure to assist in
gradual weight loss.  The LAP-BAND System is fastened around the
top of the stomach, and works by applying a constant, gentle
pressure to this area.  This gives a patient a feeling of satiety
(a feeling of fullness) on a smaller amount of food, therefore, you
eat less.  LAP-BAND can deliver sustained weight loss, improvements
in quality of life, and reduced cardiometabolic risk when combined
with reasonable and proper physician follow-up with their patient.
For additional information regarding LAP-BAND, please visit
lapband.com.  For full safety information please talk with your
doctor, or call 1-800-LAPBAND.

                   About Apollo Endosurgery

Headquartered in Austin, Texas, Apollo Endosurgery, Inc. --
http://www.apolloendo.com/-- is a medical device company focused
on less invasive therapies for the treatment of obesity, a
condition facing over 600 million people globally, as well as other
gastrointestinal disorders.  Apollo's device based therapies are an
alternative to invasive surgical procedures, thus lowering
complication rates and reducing total healthcare costs.  Apollo's
products are offered in over 70 countries today.  Apollo's common
stock is traded on Nasdaq Global Market under the symbol "APEN."

Apollo Endosurgery reported a net loss of $27.29 million on $64.31
million of revenues for the year ended Dec. 31, 2017, compared to a
net loss of $41.16 million on $64.65 million of revenues for the
year ended Dec. 31, 2016.  As of Dec. 31, 2017, Apollo Endosurgery
had $109.06 million in total assets, $59.14 million in total
liabilities and $49.91 million in total stockholders' equity.


ASCENA RETAIL: S&P Cuts CCR to 'B' on Weak Operating Performance
----------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on the
Mahwah, N.J.-based specialty retailer Ascena Retail Group Inc. to
'B' from 'B+'. The outlook is negative.

S&P said, "At the same time, we lowered the issue-level rating on
the company's senior secured term loan facility to 'B+' from 'BB-'.
The '2' recovery rating is unchanged and indicates our expectation
for substantial (70%-90%; rounded estimate: 75%) recovery of
principal in the event of a payment default or bankruptcy.

"The downgrade reflects our expectation that Ascena's operating
results will remain challenged, resulting in weakened free
operating cash flow generation. We think negative same-store sales
and continued margin decline is likely for the rest of the year, as
we expect further negative comparable sales at brands such as
dressbarn and Ann Taylor more than offset flat to modestly positive
comparable sales at Justice and Lane Bryant. Although the company
continues to execute on its operating initiatives, such as product
procurement and back-office function consolidation, we believe its
omnichannel capabilities, store experience, and loyalty programs
lag behind peers'. As such, the company will likely continue to be
reliant on discounting to drive traffic, which we expect to further
pressure margins.

"The negative rating outlook reflects our expectation for continued
weakness in customer traffic and sales trends at Ascena Retail's
key brands, including Ann Taylor and dressbarn, and that further
promotional activity and sales deleverage will pressure sales and
margins over the next 12 to 18 months. We also expect weakened cash
flow generation and credit metrics, despite our expectation for a
debt pay-down with repatriated cash, with a projected fixed-charge
coverage ratio of about 1.3x at fiscal year-end 2018.

"We could lower the rating if operating performance deteriorated
more than our base case expectations, with sharply declining
negative comparable store sales and EBITDA margins. Under such a
scenario, a new product assortment would fail to drive customer
traffic and Ascena would increasingly rely on promotions to draw
shoppers and clear aging inventory. For example, this could happen
if same-store sales declined at a mid-single-digit rate and EBITDA
margins declined 100 basis points more than our expectations,
resulting in weakening credit metrics and diminishing positive free
operating cash flow generation in fiscal 2018.

"Although unlikely in the next 12 months because of continued
industry headwinds, we could revise the outlook back to stable if
the company's operating performance stabilized on improved
merchandising and customer traffic, with flat to modestly positive
comparable-store sales and an increase in margins. We expect such a
scenario would likely result in improved credit metrics and free
operating cash flow exceeding our base case projections of about
$75 million in fiscal 2018."


ATLANTA GROTNES: The Renee Buying Atlanta Property for $1.3 Million
-------------------------------------------------------------------
Atlanta Grotnes Machine Co. asks the U.S. Bankruptcy Court for the
Northern District of Georgia to authorize the sale of a parcel of
improved real property located at 305 Selig Drive, Atlanta,
Georgia, consisting of approximately 4 acres together with a 46,300
square foot commercial building located thereon, to The Renee
Group, Inc. for the aggregate purchase price of $1.3 million, less
an amount not to exceed $50,000 for certain due diligence items
pursuant to the terms of the Agreement for Purchase and Sale of
Real Property.

The Property will be sold "as is, where is."  The Debtor also asks
authorization to take such action and to execute and deliver any
warranty deeds, bills of sale, and other documents, agreements and
instruments that may be necessary or advisable to effectuate the
terms of the sale described.  

The Debtor proposes to sell the Property to Buyer free and clear of
any and all liens, claims, interests and encumbrances under the
terms and conditions set forth in the Agreement, with any valid,
perfected and enforceable liens to attach to the net proceeds
generated from the sale of the Property.

The Property has been extensively marketed by Reliant Real Estate
Partners, LLC and the Debtor believes the purchase price offered
for the Property as set forth in the Agreement reflects the highest
and best price that could realistically be obtained for the
Property within the foreseeable future.

The sale of the Property as proposed is reasonable, and is in the
best interests of the Debtor, its creditors and its estate.
Additionally, the Debtor has exercised its sound business judgment
in proposing the sale of the Property.  Accordingly, ample cause
exists for the proposed sale of the Property to the Buyer.

Because of the parties wish to close the transactions contemplated
by March 30, 2018, the Debtor asks that the Court orders and
directs that the order approving this Motion will not be
automatically stayed for 14 days.

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

    http://bankrupt.com/misc/Atlanta_Grotnes_45_Sales.pdf

The Purchaser:

          THE RENEE GROUP, INC.
          3440 Oakcliff Rd. Ste. 1 12, Doraville, GA 30340
          Attn: Shelitha Robertson
          Telephone: (404) 409-1244

                      About Atlanta Grotnes

Atlanta Grotnes Machine Company, a company based in Atlanta,
Georgia, is engaged in the metalworking machinery manufacturing
industry.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ga. Case No. 17-61383) on June 30, 2017.  In the
petition signed by Alan Grotnes, vice-president of operations, the
Debtor had $1.21 million in total assets
and $2.23 million in total liabilities as of June 29, 2017.

Scroggins & Williamson, P.C., is the Debtor's counsel.   Reliant
Real Estate Partners, LLC, serves as the Debtor's real estate
broker.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case.


ATRIUM INNOVATIONS: Moody's Withdraws B2 Corporate Family Rating
----------------------------------------------------------------
Moody's Investors Service has withdrawn all ratings of Atrium
Innovations Inc. including its B2 corporate family rating, B2-PD
probability of default rating, and B2 ratings on first lien credit
facilities.

RATINGS RATIONALE

Nestle S.A. (Aa2 stable) closed the acquisition of Atrium on March
8, 2018. Subsequently, all rated debt at Atrium was repaid in full
and therefore all ratings have been withdrawn.

Ratings Withdrawn:

Corporate Family Rating, Withdrawn, Previously rated B2, on review
for upgrade

Probability of Default Rating, Withdrawn, Previously rated B2-PD,
on review for upgrade

$75 million Senior Secured Revolving Credit Facility due 2019,
Withdrawn, Previously rated B2 (LGD3), on review for upgrade

$540 million (face value) Senior Secured First Lien Term Loan due
2021, Withdrawn, Previously rated B2 (LGD3), on review for upgrade

Outlook, Withdrawn, Previously Ratings Under Review


AYTU BIOSCIENCE: 1992 MSF International Has 7.9% Stake
------------------------------------------------------
1992 MSF International Ltd. may be deemed to beneficially own
1,986,600 shares of common stock of Aytu BioScience, Inc. as of
March 12, 2018, constituting 7.91 percent of the shares
outstanding.  Highbridge Capital Management, LLC, as the trading
manager of 1992 MSF International Ltd., may be deemed to be the
beneficial owner of the 1,986,600 shares of Common Stock held by
1992 MSF International Ltd.  The percentage was calculated based
upon 25,122,971 shares of Common Stock reported to be outstanding,
as reported in the Company's prospectus filed pursuant to Rule
424(b)(4) filed with the Securities and Exchange Commission on
March 2, 2018, after giving effect to the completion of the
offering.  A full-text copy of the regulatory filing is available
for free at https://is.gd/eMlPXT

                    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.  Aytu BioScience reported a net loss of $4.24
million for the three months ended Sept. 30, 2017.

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.


AYTU BIOSCIENCE: Closes Public Offering of $12M Securities
----------------------------------------------------------
Aytu BioScience, Inc., has completed its previously announced
underwritten public offering for total gross proceeds of
$12,000,000, before deducting underwriting discounts, commissions
and other offering expenses payable by the Company.

The securities offered by the Company consist of (i) Class A Units
consisting of an aggregate of 19,520,000 shares of its Common Stock
and Warrants to purchase an aggregate of 19,520,000 shares of
Common Stock, at a public offering price of $0.45 per Class A Unit,
and (ii) Class B Units consisting of 3,216 shares of its Series B
Convertible Preferred Stock, with a stated value of $1,000, and
convertible into an aggregate of 7,146,667 shares of Common Stock,
and Warrants to purchase an aggregate of 7,146,667 shares of Common
Stock, at a public offering price of $1,000 per Class B Unit.  The
Warrants have an exercise price of $0.54, will be exercisable upon
issuance and will expire five years from the date of issuance.  The
Company has granted the underwriters a 45-day option to purchase an
additional 4,000,000 shares of Common Stock and/or Warrants to
purchase an additional 4,000,000 shares of Common Stock.  In
connection with the closing of this offering, the underwriters have
partially exercised their over-allotment option and purchased an
additional 4,000,000 warrants.  The underwriters have retained the
right to exercise the balance of their over-allotment option within
the 45-day time period.

The Company intends to use the net proceeds from the offering for
sales and marketing expenses to further advance the
commercialization of Natesto, and for working capital and general
corporate purposes.

Joseph Gunnar & Co., LLC acted as sole book-running manager for the
offering and Fordham Financial Management, Inc. acted as lead
manager for the offering.

The Securities and Exchange Commission declared effective a
registration statement on Form S-1 relating to these securities on
March 1, 2018.  A final prospectus relating to this offering has
been filed with the SEC on March 2, 2018.  The offering is being
made only by means of a prospectus.  Copies of the 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 SEC's website at http://www.sec.gov.

                    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.


B&B LIQUIDATING: U.S. Trustee Forms Four-Member Committee
---------------------------------------------------------
Peter C. Anderson, U.S. Trustee for Central District of California,
on March 13 appointed four creditors to serve on the official
committee of unsecured creditors in the Chapter 11 case of B&B
Liquidating, LLC.

The committee members are:

     (1) GGP Limited Partnership   
         Attn: Julie Minnick Bowden,
         National Bankruptcy Director  
         350 N. Orleans Street, Suite 300
         Chicago, IL 60654
         Tel: (312) 960-2707
         Fax: (312) 442-6374
         E-mail: Julie.minnick@ggp.com

         Counsel:

         Ivan Gold, Esq.
         Allen Matkins, Leck, Gamble & Mallory, LLP
         Three Embaradero Center, 12th Floor
         San Francisco, CA 94111-4015
         Tel: (415) 273-7431
         Fac: (415) 837-1516
         E-mail: igold@allenmatkins.com

     (2) Pacific Silk
         Attn: Han Lemus, Partner/President
         33052 Calle Aviador #C
         San Juan Capistrano, CA 92675
         Tel: (949) 496-8437
         E-mail: hans@pacificsilk.net

         Counsel:

         Steven T. Gubner/Brutzkus Gubner, Esq.
         21650 Oxnard Street, Suite 500
         Woodland Hills, CA 91367
         Tel: (818) 827-9000
         Fax: (818) 827-9099
         E-mail: sgubner@bg.law

     (3) Simon Property Group
         Attn: Ronald M. Tucker, Vice President/
         Bankruptcy Counsel
         225 W Washington Street
         14 Indianapolis, IN 46204
         Tel: (317) 263-2346
         Fax: (217) 263-7901
         E-mail: rtucker@simon.com

     (4) Concorde Apparel Company LLC
         Attn: James Alperin, Managing Member
         300 Brook Street
         Scranton, PA 18505
         Tel: (570) 346-1700
         Fax: (570) 343-6565
         E-mail: rdaniels@atroapparel.com

         Counsel:

         Steven T. Gubner/Bruztkus Gubner, Esq.
         21650 Oxnard Street, Suite 500
         Woodland Hills, CA 91367
         Tel: (818) 827-9000
         Fax: (818) 827-9099
         E-mail: sgubner@bg.law

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and financial
affairs.  Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                      About B&B Liquidating

Established in 1877, B&B Liquidating, LLC, doing business as
Bachrach is a specialty men's clothing merchandiser with a 140-year
history in the retail industry.  The Company sells suits, dress
shirts, tops, jackets, bottoms, underwear, footwear and
accessories.  Bachrach -- https://www.bachrach.com/ -- currently
has 32 retail locations nationwide with its headquarters located in
Los Angeles, California.  The Company previously sought bankruptcy
protection on April 28, 2017 (Bankr. C.D. Cal. Case No. 17-15292)
and on May 6, 2009 (Bankr. S.D.N.Y. Case No. 09-12918).  B&B
Liquidating is an affiliate of B&B Bachrach, LLC, which sought
bankruptcy protection on April 28, 2017.  

B&B Liquidating filed a Chapter 11 petition (Bankr. C.D. Cal. Case
No. 18-11744) on Feb. 16, 2018.  In the petition signed by Brian
Lipman, managing member, the Debtor estimated assets and
liabilities at 10 million to $50 million.  The case is assigned to
Judge Julia W. Brand.  The Debtor is represented by Brian L
Davidoff, Esq., at Greenberg Glusker Fields Claman & Machtinger
LLP.


BELK INC: Bank Debt Trades at 13.4% Off
---------------------------------------
Participations in a syndicated loan under which BELK Inc. is a
borrower traded in the secondary market at 86.6 cents-on-the-dollar
during the week ended Friday, March 2, 2018, according to data
compiled by LSTA/Thomson Reuters MTM Pricing. This represents an
increase of 1.14 percentage points from the previous week. BELK
Inc. pays 475 basis points above LIBOR to borrow under the $1.5
billion facility. The bank loan matures on December 10, 2022.
Moody's rates the loan 'B2' and Standard & Poor's gave a 'B-'
rating to the loan. The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended Friday, March 2.


BETTYE RIGDON: Selling TLD's Scrap Metal to Install Water Well
--------------------------------------------------------------
Bettye J. Rigdon, Carousel Properties, LLC, and TLD Bar Ranch, ask
the U.S. Bankruptcy Court for the Northern District of Texas to
authorize (i) the sale of TLD's scrap metal, and (ii) the use of
the proceeds from said sale or from operations to pay for the
installation of new water well.

The objection deadline is April 4, 2018.

TLD owns several tons of metal materials that are not being used in
its business.  It proposes to sell the materials to a wholesale
scrap metal buyer.  The Debtor believes that the items have no
marketable value other than through their sale as surplus scrap
metal.  TLD anticipates that it will receive approximately $10,000
to $15,000 from the proposed sale.  

There are no known liens on the Scrap Metal.  However, to the
extent necessary, the Debtors ask that the Scrap Metal be sold free
and clear of liens.

TLD's current water well has become unreliable.  It has determined
that it will need to drill a new water well, and believes it may do
so at a cost of approximately $10,000 based on a 250-foot well.
TLD has been advised that a 250-foot well is likely sufficient to
reach good drinking water, although it is possible that the well
will need to be drilled deeper than 250 feet.  If this occurs, the
cost for the well will exceed $10,000.  TLD asks authority to use
estate funds to pay for the new water well even if the cost exceeds
$10,000 because the new water well is necessary to TLD's
operations.  TLD proposes to use proceeds from the sale of the
Scrap Metal or from operations to pay for the new water well.  It
does not intend to use any funds subject to cash collateral liens
for this purpose.

The Debtors ask that the Court waives the 14-day stay provided by
FED. R. BANKR. P. 6004(h) so that the proposed transactions may be
consummated immediately upon the entry of an Order granting the
Motion.

                About Bettye Jeanne Rigdon,
          Carousel Properties, and TLD Bar Ranch

Bettye Jeanne Rigdon, Carousel Properties, LLC and and TLD Bar
Ranch, LP, sought Chapter 11 protection (Bankr. N.D. Tex. Case No.
16-44620 to 16-44622) on Dec. 2, 2016.  The Debtors' cases are
jointly administered under Case No. 16-44620.

Counsel for Bettye J. Rigdon is Jeff P. Prostok, Esq., and Lynda L.
Lankford, Esq., at Forshey & Prostok, L.L.P., in Fort Worth, Texas.


BOSS LITHO: Court Gives Interim Nod for Cash Collateral Use
-----------------------------------------------------------
The Hon. Sandra R. Klein of the U.S. Bankruptcy Court for the
Central District of California gave her interim approval for Boss
Litho, Inc., to use cash collateral.

The Court allowed the Debtor to use the cash collateral to pay all
of its ordinary expenses under the approved budget with a maximum
of 15% variance.  As added adequate protection of its interest in
the cash collateral, any party asserting an interest in the
Debtor’s cash collateral is granted a replacement lien upon all
of the Debtors’ post-petition accounts, equipment, inventory, and
other personal property with the same validity and priority as
their liens upon the Debtor's pre-petition assets as of the
petition date, with such replacement lien being a perfected
security interest in and to the Debtor’s postpetition collateral
having the same extent, validity and priority as the secured
creditor had in the prepetition collateral of the Debtor on the
petition date.

The Debtor is also authorized to make the adequate protection
payments to the secured creditors under the Budget. In order to
provide further adequate protection to secured creditors who assert
an interest in the Debtor’s cash collateral, the Debtor: (a) will
permit the Secured Creditors and its agents access to inspect the
prepetition collateral, on reasonable notice to Debtor; (b) will
keep the prepetition collateral insured as required by the Secured
Creditors’ Loan Documents and United States Trustee Guidelines;
and (c) will provide the Secured Creditors with continuing
reporting as required under their loan documents.

The Court has set a final hearing on the Debtor's request at 9:00
a.m., on March 21, 2018. Further the Debtor is allowed to file any
supplemental papers under 12:00 p.m. on March 16, 2018.

A copy of the Court's interim order can be accessed at:

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

                      About Boss Litho Inc.

Boss Litho, Inc. -- http://bosslitho.com-- is a printing and
packing company located in the City of Industry, California.

Boss Litho sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Calif. Case No. 18-11454) on Feb. 9, 2018.  In
the petition signed by Jean Paul Nataf, president, the Debtor
estimated assets and liabilities of $1 million to $10 million.
Judge Sandra R. Klein presides over the case.  Kogan Law Firm, APC,
is the Debtor's counsel.


BRITAX CHILDCARE: Bank Debt Trades at 15.12% Off
------------------------------------------------
Participations in a syndicated loan under which Britax Childcare
Ltd is a borrower traded in the secondary market at 84.88
cents-on-the-dollar during the week ended Friday, March 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.59 percentage points from the
previous week. Britax Childcare pays 375 basis points above LIBOR
to borrow under the $65 million facility. The bank loan matures on
October 8, 2020. Moody's rates the loan 'Caa1' and Standard &
Poor's gave a 'CCC+' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, March 2.


BROOKC LLC: U.S. Trustee Unable to Appoint Creditors' Committee
---------------------------------------------------------------
The Office of the U.S. Trustee on March 13 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of BROOKC LLC.

Clarksville, Tennessee-based BROOKC LLC filed for Chapter 11
bankruptcy protection (Bankr. M.D. Tenn. Case No. 18-00586) on Jan.
31, 2018, estimating its assets and liabilities at between $100,001
and $500,000 each.  Steven L. Lefkovitz, Esq., at Lefkovitz &
Lefkovitz serves as the Debtor's bankruptcy counsel.


CAMBER ENERGY: Wins $1M Sixth Funding Tranche from Investor
-----------------------------------------------------------
Camber Energy, Inc., has received its sixth tranche of funding
under the previously disclosed Stock Purchase Agreement it executed
on Oct. 5, 2017 with an institutional investor.  Under the terms of
the agreement, the Investor agreed to purchase 105 shares of Series
C Preferred Stock for $1,000,000 at this sixth closing.  The
Company will receive a total of an aggregate of $9 million in
additional consideration in connection with the sale of additional
shares of Series C Preferred Stock in the event the remaining
closings contemplated under the Stock Purchase Agreement are
completed, which closings are subject to certain closing conditions
described in greater detail in the Stock Purchase Agreement.

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

Richard N. Azar II, the chief executive officer of Camber said, "We
believe that with this funding, and future purchases of Series C
Preferred Stock by the Investor, the Company will be in a position
to continue to proceed forward with its business plan, which
includes debt reduction, compliance, growth and expansion of our
business."

Additionally, the Company's management, after an analysis of the
trading volume and shareholdings of the holders of the Company's
common stock, believes that the Company's common stock may be
subject to automated trading/robotrading.  Automated trading or
robotrading is a form of stock trading where investors, through
automated trading platforms use algorithms and/or other preset
trading rules to buy and sell securities automatically, sometimes
within milliseconds, often times based solely on perceived trading
trends in an issuer's securities.  The Company's management
believes that such automated trading/robotrading is creating
artificial downward pressure on the Company's common stock and that
investors should be made aware of those risks.

                       About Camber Energy

Based in San Antonio, Texas, 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.


CAROLINA HOTEL: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Carolina Hotel Investors -- Crabtree, LLC
        3800 Pomfret Lane
        Charlotte, NC 28211

Type of Business: Carolina Hotel Investors -- Crabtree, LLC
                  is a privately held company in Charlotte,
                  North Carolina that operates a hotel located
                  at 4100 Glennwood Ave. Raleigh, NC 27612.

Chapter 11 Petition Date: March 14, 2018

Case No.: 18-30414

Court: United States Bankruptcy Court
       Western District of North Carolina (Charlotte)

Judge: Hon. Craig J. Whitley

Debtor's Counsel: Bradley E. Pearce, Esq.
                  PEARCE LAW PLLC
                  PO Box 31846
                  Charlotte, NC 28231
                  Tel: (704) 910-6385
                  Fax: (704) 495-6662
                  E-mail: brad@bepearcelaw.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Neil Kapadia, member.

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/ncwb18-30414.pdf


CASELLA WASTE: S&P Rates New $15MM FAME Solid Waste Bonds 'B-'
--------------------------------------------------------------
S&P Global Ratings assigned its 'B-' issue-level rating and '6'
recovery rating to Casella Waste Systems Inc.'s proposed $15
million Finance Authority of Maine (FAME) solid waste tax-exempt
bonds. The bonds are being issued by FAME. The '6' recovery rating
indicates our expectation for negligible (0%-10%) recovery in the
event of a payment default. The company is also remarketing its $16
million Vermont Economic Development Authority (VEDA) solid waste
disposal revenue bonds. The 'B-' issue-level and '6' recovery
ratings on those bonds are unchanged.   

All of S&P's other ratings on Casella Waste Systems are unchanged.

The company will use proceeds from the FAME bonds to pay back
qualified capital expenditures, per its indenture, that were funded
by revolver borrowings.  

  RATINGS LIST

  Ratings Unchanged
  Casella Waste Systems Inc.
   Corporate Credit Rating               B+/Positive/--
   Senior Secured                        BB-
    Recovery Rating                      2 (85%)
  $16mil Vermont Economic Development   
    Authority Bonds                      B-
     Recovery Rating                     6 (0%)

  New Rating
  Casella Waste Systems Inc.
   $15mil Finance Auth of Maine Bonds    B-
    Recovery Rating                      6 (0%)


CD&R TZ: S&P Affirms 'B' Issuer Credit Rating, Outlook Stable
-------------------------------------------------------------
S&P Global Ratings said it affirmed its 'B' issuer credit rating on
CD&R TZ Purchaser Inc. (d/b/a Tranzact). The outlook is stable. At
the same time, S&P lowered its issue-level ratings on the company's
five-year $40 million first-lien revolving credit facility and
seven-year $185 million first-lien term loan to 'B' from 'B+', and
revised the recovery ratings to '3' from '2'. The '3' recovery
ratings indicate its expectation of meaningful recovery (50%-70%,
rounded estimate: 65%) in the event of a payment default.

The rating actions follow Tranzact's $49 million securitization of
its A/R related to future insurance policy commissions with
external investors. The transaction is nonrecourse and investors
are taking on the full risk of insurance policy lapses. S&P said,
"But we are treating the securitized A/R as debt equivalents based
on our assumption that this will be a recurring source of working
capital financing and not a one-time transaction. We are also
assuming that the transactions have moral recourse--we note that,
in our view, many companies tend to bail out troubled
securitizations to protect their funding source and reputation in
the capital markets."

S&P said, "The stable outlook on Tranzact reflects our view that
the company will generate improved operating results and credit
metrics in 2018. We believe it has enough leverage headroom (7x
maximum) to make a downgrade unlikely in 2018.

"We may lower our rating if Tranzact is unable to improve is
operating results in 2018, leading to leverage above 7x, EBITDA
coverage below 2x, or weakened liquidity, with expected cash
sources below 1.2x of expected uses.

"Although unlikely in the next 12 months, we could raise the rating
by one notch if Tranzact significantly improves its scale,
diversifies its client base, and maintains leverage below 5x."


CENGAGE: Bank Debt Trades at 8.18% Off
--------------------------------------
Participations in a syndicated loan under which Cengage (fka
Thomson Learning) is a borrower traded in the secondary market at
91.82 cents-on-the-dollar during the week ended Friday, March 2,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 0.58 percentage points from
the previous week. Cengage pays 425 basis points above LIBOR to
borrow under the $1.71 billion facility. The bank loan matures on
June 7, 2023. Moody's rates the loan 'B2' and Standard & Poor's
gave a 'B' rating to the loan. The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday,
March 2.


CHINA COMMERCIAL: Fails to Comply with Nasdaq's Market Value Rule
-----------------------------------------------------------------
China Commercial Credit, Inc. received on Feb. 28, 2018, a letter
from The NASDAQ Stock Market LLC notifying the Company that it is
not in compliance with the minimum Market Value of Listed
Securities (MVLS) requirement set forth in Nasdaq Listing Rule
5550(b)(2) for continued listing on the Nasdaq Capital Market.
Nasdaq Listing Rule 5550(b)(2) requires listed securities to
maintain a minimum MVLS of $35 million.  Nasdaq Listing Rule
5810(c)(3)(C) provides that a failure to meet a minimum MVLS exists
if the deficiency continues for a period of 30 consecutive business
days.  Based upon Nasdaq's review of the Company's MVLS for the
last 30 consecutive business days, the Company no longer meets the
minimum MVLS requirement.  The Nasdaq staff noted the Company also
does not meet the requirements under Listing Rules 5550(b)(1) and
5550(b)(3).

The Notification Letter does not impact the Company's listing on
the Nasdaq Capital Market at this time.  In accordance with Nasdaq
Listing Rule 5810(c)(3)(C), the Company has been provided 180
calendar days, or until Aug. 27, 2018, to regain compliance with
Nasdaq Listing Rule 5550(b)(2).

The Company intends to promptly evaluate options available to
regain compliance and to timely submit a plan to regain compliance.
The Company said there can be no assurance that its plan will be
accepted or that, if it is, the Company will be able to regain
compliance with the applicable Nasdaq listing requirements.

                  About China Commercial Credit

Founded in 2008, China Commercial Credit --
http://www.chinacommercialcredit.com/-- is a financial services
firm operating in China.  Its mission is to fill the significant
void in the market place by offering lending, financial guarantee
and financial leasing products and services to a target market
which has been significantly under-served by the traditional
Chinese financial community.  The Company's current operations
consist of providing direct loans, loan guarantees and financial
leasing services to small-to-medium sized businesses, farmers and
individuals in the city of Wujiang, Jiangsu Province.

China Commercial's independent accounting firm Marcum Bernstein &
Pinchuk LLP, in Shanghai, China, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has accumulated
deficit that raises substantial doubt about its ability to continue
as a going concern.

China Commercial reported a net loss of US$1.98 million for the
year ended Dec. 31, 2016, compared with a net loss of US$61.26
million for the year ended Dec. 31, 2015.  The Company's balance
sheet as of Sept. 30, 2017, showed US$7.71 million in total assets,
US$8.48 million in total liabilities and a total shareholders'
deficit of US$774,251.


CIENA CORP: Egan-Jones Hikes Sr. Unsecured Ratings to BB
--------------------------------------------------------
Egan-Jones Ratings Company, on March 8, 2018, upgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Ciena Corporation to BB from BB-.

Ciena Corporation is a United States-based global supplier of
telecommunications networking equipment, software, and services.
The company was founded in 1992 and is headquartered in Hanover,
Maryland.


CJ MICHEL INDUSTRIAL: Can Use Cash Collateral Until March 31
------------------------------------------------------------
The Hon. Gregory R. Schaaf of the U.S. Bankruptcy Court for the
Eastern District of Kentucky gave CJ Michel Industrial Services LLC
authority to use cash collateral through March 31, 2018.

As reported in the Troubled Company Reporter on Feb. 16, 2018, the
Debtor needs extended use of Cash Collateral in order to continue
its operations under the Budget.  The Debtor will provide the
creditor with the same adequate protection as provided in previous
orders.

Without continued use of Cash Collateral, the Debtor will be
irreparably harmed as cash is essential to continue business
operations and pay employees.

A copy of the Order can be viewed at:

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

             About CJ Michel Industrial Services

CJ Michel Industrial Services, LLC, has provided staffing and/or
contracting services for customers in the construction and
industrial sector for over 20 years.  Services are not limited to
the electrical trade but include OSHA certified, trade licensed and
fully insured low-E, data/communications service technicians,
pipefitters, welders, iron workers, riggers, millwrights, concrete
tradesmen, and general tradesmen.

CJ Michel Industrial Services began to experience cash flow issues
after it borrowed money from nontraditional lending sources which
were primarily merchant cash advance lenders.  It has been unable
to reach out-of-court workout agreements with these lenders and
seeks a "breathing spell" to reorganize its business under Chapter
11 of the Bankruptcy Code in order to restructure its debts,
reorganize as a going concern, and maximize value for the benefit
of the creditors of its Estate.

CJ Michel Industrial Services, based in Lancaster, Kentucky, filed
a Chapter 11 petition (Bankr. E.D. Ky. Case No. 17-51611) on Aug.
10, 2017.  In its petition, the Debtor estimated $0 to $50,000 in
assets and $1 million to $10 million in liabilities.  The petition
was signed by Clarence J. Michel, Jr., member.  

The Hon. Gregory R. Schaaf presides over the case.  

Jamie L. Harris, Esq., at DelCotto Law Group PLLC, serves as
bankruptcy counsel to the Debtor.

No trustee or examiner has been appointed in the Chapter 11 case,
and no creditors' committee or other official committee has been
appointed.


CKSB LLC: Hires All California Brokerage as Real Estate Agent
-------------------------------------------------------------
CKSB, LLC, seeks authority from the U.S. Bankruptcy Court for the
Central District of California, Riverside Division, to hire Satish
Khosla as real estate agent.

As real estate agent, the professional services to be rendered
include real estate brokerage services and closing escrow with
respect to the Debtor's real property, located at 295 N. Waterman
Avenue, San Bernardino, California 92408.

Satish Khosla assures this Court that he is a "disinterested
person" within the meaning of 11 U.S.C. Sec. 101(14).

The Debtor agreed to pay All California Brokerage, Inc., $300,000
commission, of which Mr. Khosla will receive $130,000 as
compensation for the sale of the Waterman Property and Business.

The agent can be reached through:

         Satish Khosla, Esq.
         All California Brokerage, Inc.
         11060 Artesia Blvd., Suite G
         Cerritos, CA, 90703
         Tel: 800-468-6188
         Fax: 562-677-1165

                        About CKSB, LLC

CKSB, LLC, listed its business as a Single Asset Real Estate (as
defined in 11 U.S.C. Section 101(51B)).  The Company owns in fee
simple a real property located at 295 N. Waterman Ave San
Bernardino, CA 92408, valued by the Company at $2.80 million.

CKSB, LLC, filed a Chapter 11 petition (Bankr. C.D. Cal. Case No.
18-10893) on Feb. 5, 2018.  In the petition was signed by Muhammad
N. Atta, managing member, the Debtor disclosed $2.80 million in
total assets and $4.43 million in total liabilities.  Sheila
Esmaili, Esq. at LAW OFFICES OF SHEILA ESMAILI and Eliza Ghanooni,
Esq. at ELIZA GHANOONI, ATTORNEY AT LAW, represent the Debtor.


CLASS A PROPERTIES: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Class A Properties Five, LLC
        3347 W. Chicago Ave.
        Chicago, IL 60651

Business Description: Class A Properties Five, LLC,a Single Asset
                      Real Estate (as defined in 11 U.S.C. Section
                      101(51B)), is the fee simple owner of a
                      property located at 7030 West Huntley Road
                      Carpentersville, Illinois, 60110, valued by
                      the Company at $5.25 million.

Chapter 11 Petition Date: March 14, 2018

Case No.: 18-07311

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Hon. Timothy A. Barnes

Debtor's Counsel: Veronica D. Joyner, Esq.
                  JOYNER LAW OFFICE, INC.
                  120 South State Street, Suite 200
                  Chicago, IL 60603
                  Tel: 312 332-9001
                  Fax: 312 332-9003
                  E-mail: vdjoyner@joynerlawoffice.com

Total Assets: $5.25 million

Total Liabilities: $1.84 million

The petition was signed by Jorge R. Rojas, manager.

The Debtor stated that is has no unsecured creditors.

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

           http://bankrupt.com/misc/ilnb18-07311.pdf


COATES INTERNATIONAL: Secures $33,000 Financing from Power Up
-------------------------------------------------------------
Coates International, Ltd., received on March 6, 2018, the net
proceeds of a securities purchase agreement and related convertible
promissory note, dated March 5, 2018, in the face amount of $33,000
issued to Power Up Lending Group, Ltd.  The Promissory Note matures
in December 2018 and provides for interest at the rate of eight
percent per annum.  The Note may be converted into unregistered
shares of the Company's common stock, par value $0.0001 per share,
at the Conversion Price, as defined, in whole, or in part, at any
time beginning 180 days after the date of the Note, at the option
of the Holder.  All outstanding principal and unpaid accrued
interest is due at maturity, if not converted prior thereto.  The
Company incurred expenses amounting to $2,500 in connection with
this transaction.

The Conversion Price will be equal to 61% multiplied by the Market
Price, as defined.  The Market Price will be equal to the average
of the three lowest closing bid prices of the Company's common
stock on the OTC Pink Sheets during the 10 trading-day period
ending one trading day prior to the date of conversion by the
Holder.  The Conversion Price is subject to adjustment for changes
in the capital structure such as stock dividends, stock splits or
rights offerings.  The number of shares of common stock to be
issued upon conversion will be equal to the aggregate amount of
principal, interest and penalties, if any divided by the Conversion
Price.  The Holder anticipates that upon any conversion, the shares
of stock it receives from the Company will be tradable by relying
on an exemption under Rule 144 of the U.S. Securities and Exchange
Commission.

The Conversion Price is subject to adjustment in the event of any
of the following:

   1. During the period when a Major Announcement by the
      Company relating to a merger, consolidation, sale of the
      Company or substantially all of its assets or tender offer
      is in effect, as defined.

   2. A merger, consolidation, exchange of shares,
      recapitalization, reorganization or other similar event
      being consummated.

The Company is not permitted to pay dividends or make other
distributions of capital or repurchase or otherwise acquire any
shares of its capital stock without the Holder's consent and is
subject to certain restrictions on new borrowings, while there is a
remaining outstanding balance related to the convertible promissory
note.

These notes may be prepaid during the first six months the notes
are outstanding by paying a prepayment penalty equal to 30% during
the first 60 days, increasing in 5% increments each month
thereafter, to a maximum of 50%.  The Company has reserved
23,393,885 shares of its un-issued common stock for potential
conversion of the convertible note.

The convertible promissory note was privately offered and sold to
the Holder in reliance on specific exemptions from the registration
requirements of the United States federal and state securities laws
which the Company believes are available to cover this transaction
based on representations, warranties, agreements, acknowledgements
and understandings provided to the Registrant by the Holder.

                         About Coates

Based in Wall Township, N.J., Coates International, Ltd. (OTC BB:
COTE) -- http://www.coatesengine.com/-- was incorporated on Aug.
31, 1988, for the purpose of researching, patenting and
manufacturing technology associated with a spherical rotary valve
system for internal combustion engines.  This technology was
developed over a period of 15 years by Mr. George J. Coates, who is
the President and Chairman of the Board of the Company.  The Coates
Spherical Rotary Valve System (CSRV) represents a revolutionary
departure from the conventional poppet valve.  It changes the means
of delivering the air and fuel mixture to the firing chamber of an
internal combustion engine and of expelling the exhaust produced
when the mixture ignites.

MSPC, in Cranford, New Jersey, Coates' independent registered
public accountants, have stated in their Auditor's Report dated
April 14, 2017, with respect to the Company's financial statements
as of and for the year ended Dec. 31, 2016, that the Company
continues to have negative cash flows from operations, recurring
losses from operations, and a stockholders' deficiency.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.

Coates reported a net loss of $8.35 million on $29,200 of total
revenues for the year ended Dec. 31, 2016, compared to a net loss
of $10.20 million on $94,200 of total revenues for the year ended
Dec. 31, 2015.  As of Sept. 30, 2017, Coates had $2.27 million in
total assets, $8.18 million in total liabilities and a total
stockholders' deficiency of $5.90 million.


COBALT INT'L: April 3 Confirmation Hrg Set, Amended Plans Filed
---------------------------------------------------------------
BankruptcyData.com reported Cobalt International Energy filed with
the U.S. Bankruptcy Court a Third Amended Joint 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: Pursuant to section
1123 of the Bankruptcy Code and Bankruptcy Rule 9019, and in
consideration for the classification, distributions, releases, and
other benefits provided under the Plan, 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.  On the Effective Date, or
as soon as reasonably practicable thereafter, the Debtors may take
all actions as may be necessary or appropriate to effect any
transaction described in, approved by, contemplated by, or
necessary to effectuate the Plan (the 'Restructuring
Transactions').  The Debtors believe that reinstating Class 3 and
Class 4 pursuant to section 1124(2) of the Bankruptcy Code and
redeeming the First Lien Notes and the Second Lien Notes shortly
thereafter will reduce the amount of any 'make-whole' premium owed
under the First Lien Indenture and/or the Second Lien Indenture by
approximately $19 million and approximately $25 million,
respectively."  The Debtors also filed with the Court a Fourth
Amended Joint Chapter 11 Plan of Reorganization and related
Disclosure Statement.

The Court scheduled a confirmation hearing on the plan on April 3,
2018, with objections due by March 27, 2018, according to the
report.

                  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.


CODI INC: NewSpring Sells All Assets at Public Auction
------------------------------------------------------
NewSpring Mezzanine Capital II LP, as the secured party, will sell
its collateral, consisting of substantially all of the assets of
CODi Inc., to the highest qualified bidder at a public auction
pursuant to Article 9 of the Uniform Commercial Code as follows:

      Date:  March 15, 2018
      Time:  9:00 a.m. (ET)
      Place: Cozen O'Connor
             1201 North Market Street
             Suite 1001
             Wilmington, DE 19801

For more information relating the sale or the collateral, contact:

   Peter Schaefer
   New Direction Partners
   Tel: 610-935-1000
   E-mail: PSchaefer@NewDirectionPartners.com


COLLISION EXPRESS: Hires E.P. Bud Krik as Attorney
--------------------------------------------------
Collision Express Holdings, L.P., seeks authority from the U.S.
Bankruptcy Court for the Western District of Texas, El Paso
Division, to hire E.P. Bud Krik as attorney.

Professional services to be performed by the attorney are:

     a. give the Debtor legal advice with respect to its powers and
duties as Debtor-in-Possession and the continued operation of its
business and management of its properties;

     b. prepare on behalf of the Debtor necessar Schedules,
Statements, Applications and Answers, Orders, Reports, and other
legal documents required for reorganization.

     c. assist the Debtor in formulation and negotiation of a Plan
with its creditors in these proceedings;

     d. review the transactions of the Debtor prior to the filing
of the Chapter 11 proceedings to determine what further litigation,
if any, pursuant to the Bankruptcy Court, or otherwise, should be
filed on behalf of the estate;

     e. examine all tax claims filed against the Debtor, tocontest
any excessive amounts therein, and to structure a payment of the
allowed taxes which conforms to the Bankruptcy Code and Rules;

     f. performs all other legal services of the Debtor, as
Debtor-in-Possession, which may be necesary.

Hourly rates:

     Attorney  (E.P. Bud Kirk)           $300
     Paralegal (Kathryn A. McMillan)      $90
     Paralegal (Maura Casas)              $90
     Paralegal (Vanessa Narro)            $90

E.P. Bud Kirk assures this Court that he represents no interest
adverse to the Debtor or to the estate in matters in which he is to
be engaged by the Debtor.

The Counsel can be reached through:

     E.P. Bud Kirk
     600 Sunland Park Drive
     Bldg. Four, Suite 400
     El Paso, TX 79912
     Phone: (915) 584-3773
     Fax: (915) 581-3452
     E-mail: budkirk@aol.com

                  About Collision Express Holdings

Collision Express Holdings, L.P., a Texas limited partnership, owns
in fee simple a land and building commonly known as 23266 Northwest
Freeway, Cypress, Texas, having an appraised value of $3.75
million.  It previously sought bankruptcy protection on March 1,
2011 (Bankr. S.D. Tex. Case No. 11-31947).

Collision Express Holdings filed a Chapter 11 petition (Bankr. W.D.
Tex. Case No. 18-30356) on March 5, 2018.  In the petition signed
by Greg Eckelkamp, sole member, the Debtor disclosed $3.77 million
in total assets and $2.61 million in total liabilities.  Judge
Christopher H. Mott presides over the case.  The Debtor's counsel
is E.P. Bud Kirk, Esq.


COMMUNITY FELLOWSHIP: Taps Medley & Associates as Attorney
----------------------------------------------------------
Community Fellowship Christian Church & Family Life Center Inc
seeks authority from the United States Bankruptcy Court for the
Northern District of Georgia, Atlanta Division, to hire Medley &
Associates, LLC as reorganization counsel.

Professional services to be rendered by Medley are:

     a. advise, assist, and represent the Debtor with respect to
the Debtor's rights, powers, duties, and obligations in the
administration of this case, the operation of the business of the
Debtor in accordance with applicable bankruptcy law, the
disposition of any assets which are not necessary for an effective
reorganization on accordance with applicable bankruptcy law, the
management of property of the Debtor in accordance with applicable
bankruptcy law, and the collection, preservation and administration
of assets of the Debtor's estate;

     b. advise, assist and represent the Debtor in connection with
analysis of the assets, liabilities and financial condition of the
Debtor and other matters relating to the business of the Debtor and
the preparation and filing of schedules, lists and statements,
compliance with the United States Trustee's guidelines, and filing
of a Plan of Reorganization;

     c. in connection with the filing of a Plan of Reorganization,
advise, assist, and represent the Debtor, with regard to (i)
negotiations with parties in interest concerning a plan; (ii) the
formulation, preparation, and presentation of a plan; (iii) any and
all matters relating to confirmation of a plan; (iv) review and
analysis of the requirements of the Bankruptcy Code with regard to
the foregoing, including without limitation the mandatory and
optional; provisions of a plan; classification and impairment of
creditors, any equity security holders, and other parties in
interest; formulation, preparation, and presentation of a
Disclosure Statement, notice requirements; and similar matters; and
(v) assistance, advice and representation with regard to compliance
with applicable legal requirements;

     d. advise, assist and represent the Debtor with regard to
objections to or subordination of claims and with regard to other
litigation as required by the Debtor; and to advise and represent
the Debtor with regard to the review and analysis of any legal
issues incident to any of the foregoing;

     e. advise, assist and represent the Debtor with regard to the
investigation of the desirability and feasibility of the rejection
or assumption and potential assignment of any executory contracts
or unexpired leases and to provide review and analysis with regard
to the requirements of the Bankruptcy Code and Federal Rules of
Bankruptcy and the estate's rights and powers with regard to such
requirements, and the initiation and prosecution of appropriate
proceedings in connection therewith;

     f. advise, assist and represent the Debtor with regard to all
applications, motions or complaints concerning reclamation,
adequate protection, sequestration, relief from stays, use of cash
collateral, disposition or other use of assets of the estate, and
all other similar matters;

     g. advise, assist and represent the Debtor with regard to the
sale or other dispositions of any assets of the estate, including
without limitation the investigation and analysis of the
alternative methods of effecting same, employment of auctioneers,
appraisers or other person to assist with regard thereto; and the
preparation, filing and service as requires of appropriate motions,
notices and other pleadings as may be necessary to comply with the
Bankruptcy Code and Bankruptcy Rules with regard to all of the
foregoing;

     h. prepare pleadings, applications, motions, reports and other
papers incidental to administration, and to conduct examinations as
may be necessary pursuant to Federal Rule of Bankruptcy Procedure
2004 or as otherwise permitted under applicable law;

     i. provide support and assistance to the Debtor with regard to
the proper receipt, disbursement and accounting for funds and
property of the estate; and

     j. perform any and all other legal services incident or
necessary to the proper administration of this case and the
representation of the Debtor in the performance of the Debtor's
duties and exercise of the Debtor's rights and powers under the
Bankruptcy Code and Bankruptcy Rules.

Medley's hourly rates are:

     Senior attorneys               $350
     Associate Attorneys            $200
     Paralegals                     $150
     Administrative Assistants       $50

Leonard L. Medley, member of Medley & Associates, attests that his
firm represents no interest adverse to the Debtor or this estate in
the matters upon which the Firm is to be engaged and that the Firm
is a disinterested person under 11 U.S.C. 101(14).

The counsel can be reached through:

     Leonard L. Medley
     Medley & Associates, LLC
     2727 Paces Ferry Rd. SE
     Bldg 2 Suite 1450
     Atlanta, GA 30339
     Phone: (770) 319-7592
     Tel: (770) 319-7594

                About Community Fellowship Christian
                   Church & Family Life Center

Based in Riverdale, Georgia, Community Fellowship Christian Church
& Family Life Center Inc filed a Chapter 11 petition (Bankr. N.D.
Ga. Case No. 13-0293) on February 4, 2013, estimating under $1
million in both assets and liabilities.  Medley & Associates, LLC,
is the Debtor's counsel.


COMMUNITY HEALTH: S&P Lowers CCR to 'CCC+', Outlook Negative
------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Community
Health Systems Inc. to 'CCC+' from 'B-'. The outlook is negative.

S&P said, "At the same time, we lowered our issue-level rating on
the company's secured debt to 'B-' from 'B+'. We revised the
recovery rating on this debt to '2' from '1', indicating
expectations for substantial (70%-90%; rounded estimate: 85%)
recovery in the event of a payment default. We lowered our
issue-level rating on the company's unsecured debt to 'CCC-' from
'CCC'. Our recovery rating on this debt remains '6', indicating our
expectation for negligible (0%-10%; rounded estimate: 0) recovery
for lenders in the event of payment default.

"The downgrade reflects weaker-than-expected free cash flow
guidance for 2018 and the company's high debt burden, which we
believe could make it difficult for the company to refinance its
upcoming 2019 debt maturities. The cash flow shortfall relative to
our expectations was partly due to higher-than-expected labor costs
and recent underperformance of hospitals being divested. Given the
lowered forecast and large debt maturities over the next few years,
we believe refinancing risk is elevated, particularly given the
company's significant ongoing transformation efforts.

"Our negative outlook reflects the company's high leverage, history
of operating underperformance, uncertainty surrounding the
company's ability to succeed in its turnaround plan, and elevated
refinancing risk in advance of sizable 2019 debt maturities because
we believe cash flow will remain under pressure over the next
year."


CONLAN PRESS: U.S. Trustee Forms 2-Member Committee
---------------------------------------------------
The U.S. Trustee for Region 17 on March 12 appointed Devyn Petek
and Jacob Weisman to serve on the official committee of unsecured
creditors in the Chapter 11 case of Conlan Press, Incorporated.

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                 About Conlan Press, Incorporated

Conlan Press, Incorporated -- http://conlanpress.com/-- is a
specialty publishing house dedicated to producing and distributing
creative work in all media.  The company is headquartered in
Bellingham, Washington.

Conlan Press and its affiliate Avicenna Development Corporation
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
N.D. Calif. Case No. 18-40030 and 18-40029) on January 4, 2018.
Connor F. Cochran, president and CEO, signed the petitions.  

At the time of the filing Conlan Press disclosed that it had
estimated assets and liabilities of $1 million to $10 million.
Avicenna Development had estimated assets and liabilities of $1
million to $10 million.     

Judge Roger L. Efremsky presides over the cases.  The Debtors are
represented by:

     John H. Carmichael, Esq.
     Law Office of John H. Carmichael
     2621 Manhattan Beach Blvd.
     Redondo Beach, CA 90278
     Tel: (424) 308-4288
     Email: jhclaw@gmail.com


CONNOR FRETT COCHRAN: U.S. Trustee Forms 2-Member Committee
-----------------------------------------------------------
The U.S. Trustee for Region 17 on March 12 appointed Marilyn Abbey
and David Roudebush to serve on the official committee of unsecured
creditors in the Chapter 11 case of Connor Frett Cochran, president
and chief executive officer of Conlan Press, Incorporated.

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                       About Connor Cochran

Connor Cochran, president and chief executive officer of Conlan
Press, Incorporated, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Calif. Case No. 18-40032) on January
4, 2018, and is represented by John H. Carmichael, Esq.


CRAPP FARMS: April 3 Live Auction of Equipment by Steffes
---------------------------------------------------------
Judge Susan V. Kelley of the U.S. Bankruptcy Court for the Western
District of Wisconsin authorized Crapp Farms Partnership's live
auction sale of farm personal property consisting of equipment,
machinery and vehicles formerly used in its farming operations to
be conducted by Steffes Group, Inc. on April 3, 2018.

The Master Lease of Personal Property between the Debtor and BMO
Harris Equipment Finance will be and is deemed rejected by the
Debtor.

The Debtor is authorized to sell the Equipment free and clear of
all liens, claims, or encumbrances, with liens if any, to attach to
the proceeds of the sale.

The lien of BMO Harris, N.A., the Debtor's pre-petition secured
lender, will attach to the net proceeds of the Equipment Sale, and
said proceeds will be paid directly to BMO via wire transfer to a
depository account specifically designated by BMO.  The net
proceeds of the Equipment Sale paid to BMO will be applied to the
Debtor's pre-petition obligations to BMO.

Payment of compensation to Steffes based upon a total commission of
8% of gross sale proceeds from the Equipment Sale is approved.  The
Debtor is authorized to pay Steffes the Steffes Compensation upon
the conclusion of the Equipment Sale without further application
for approval from the Court.

The Debtor will file an accounting of the Equipment Sale within 30
days from the conclusion of the auction, and will also provide the
accounting in the applicable Monthly Operating Report filed by the
Debtor.

The 14-day stay of the Order authorizing the Equipment Sale
pursuant to 6004(h) is waived and will not be enforced.  

Notwithstanding anything to the contrary set forth in the Order,
all rights of the Debtor, the Committee, or any other party
authorized to act on behalf of the Debtor or its estate, to pursue,
prosecute, and/or recover on claims challenging the extent and
validity of BMO's lien, or seeking damages relating to the
transactions giving rise to such liens, will be preserved (and
nothing will be deemed to limit available damages).

In the event any of BMO's liens are successfully avoided or BMO is
otherwise found not to have valid liens on particular assets, BMO
will promptly return to the estate any proceeds it receives in
connection with the sale of assets authorized on account of such
Unencumbered Assets.

                   About Crapp Farms Partnership

Crapp Farms Partnership is a large farming operation that includes
growing and selling crops, raising livestock, and providing farm
trucking and excavating services to third-party customers.  The
farming operation is located in Potosi, Wisconsin.

Crapp Farms sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Wis. Case No. 17-11601) on May 3, 2017.  In the
petition signed by Darell C. Crap, partner, the Debtor estimated
its assets and debt at $10 million to $50 million.

The case is assigned to Judge Catherine J. Furay.  

The Debtor tapped J. David Krekeler, Esq., Eliza M. Reyes, Esq.,
Jennifer M. Schank, Esq., Kristin J. Sederholm, Esq., at Krekeler
Strother, S.C., as Chapter 11 counsel.

On June 5, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Creditors Committee
is represented by Matthew E. McClintock, Esq., at Goldstein &
McClintock, LLLP.


CS MINING: Plan Confirmation Hearing Set for April 4
----------------------------------------------------
The U.S. Bankruptcy Court for the District of Utah is set to hold a
hearing on April 4, at 3:00 p.m. (Mountain Time) to consider
approval of the Chapter 11 plan of liquidation for CS Mining, LLC.

The court on Feb. 22 conditionally approved the company's
disclosure statement, allowing it to start soliciting votes from
creditors.  

The order, signed by Judge William Thurman, set a March 26 deadline
for creditors to file their objections and cast their votes
accepting or rejecting the liquidating plan.

Under the company's latest plan, creditors holding Class 3 general
unsecured claims will recover between 11% and 27% of their claims.
The estimated allowed claim amount is $16.252 million to $23
million, according to CS Mining's first amended disclosure
statement.

The original plan proposed to pay general unsecured creditors 25%
to 28.5% of their claims.  CS Mining estimated the allowed amount
of Class 3 general unsecured claims under the original plan at
$17.5 million to $20 million.

A copy of the first amended disclosure statement is available for
free at:

           http://bankrupt.com/misc/utb16-24818-1116.pdf

                     About CS Mining, LLC

CS Mining, LLC, is a mining and processing company headquartered in
Milford, Utah.

Purported creditors R.J. Bayer Professional Geologist, LLC;
Minerals Advisory Group, LLC; Rollins Construction & Trucking, LLC;
Rollins Machine, Inc.; and Oxbow Sulphur, Inc., filed an
involuntary petition to put the Company into Chapter 11 bankruptcy
(Bankr. D. Utah Case No. 16-24818) on June 2, 2016.  Brahma Group,
Inc., subsequently joined the petition.

On Aug. 4, 2016, the Debtor filed its Notice of Filing Letter to
the Consent and Proposed Form of Order, together with a proposed
form of Order for Relief, which Order was entered by the Court on
the Relief Date.  Pursuant to the Order for Relief, CS Mining
continues to operate its business and manage its properties as a
debtor-in-possession pursuant to Chapter 11 of the Bankruptcy
Code.

Judge William T. Thurman presides over the case.

The Petitioners are represented by Martin J. Brill, Esq., at
Levene, Neale, Bender, Yoo & Brill L.L.P and George B. Hofmann,
Esq., at Cohne Kinghorn PC.

CS Mining tapped Snell & Wilmer L.L.P. as local counsel, and Pepper
Hamilton LLP as its legal counsel, nunc pro tunc to June 2, 2016.
FTI Consulting, Inc., as restructuring advisor.  Epiq Bankruptcy
Solutions, LLC, as claims and noticing agent.

The U.S. Trustee on Aug. 12, 2016, appointed an Official Committee
of Unsecured Creditors.  The Committee hired Levene, Neale, Bender,
Yoo & Brill L.L.P. as lead counsel and Cohne Kinghorn as local
counsel.


CTI BIOPHARMA: Posts 2017 Net Loss of $45 Million
-------------------------------------------------
CTI Biopharma Corp. filed with the Securities and Exchange
Commission its annual report on Form 10-K reporting a net loss
attributable to common shareholders of $45.02 million on $25.14
million of total revenues for the year ended Dec. 31, 2017,
compared to a net loss attributable to common shareholders of $52
million on $57.40 million of total revenues for the year ended Dec.
31, 2016.

For the three months ended Dec. 31, 2017, the Company reported a
net loss attributable to common shareholders of $14.26 million on
$462,000 of total revenues compared to a net loss attributable to
common shareholders of $6.37 million on $9.13 million of total
revenues for the three months ended Dec. 31, 2016.

The decrease in total revenues for the twelve months of 2017 is
primarily due to recognition of $32 million in milestone revenue
related to pacritinib in the first quarter of 2016.  Net product
sales of PIXUVRI for the fourth quarter and twelve months ended
Dec. 31, 2017, were zero and $0.9 million, respectively, compared
to $1.0 million and $4.1 million for the respective periods in
2016.  The decrease in net product sales for the periods in 2017
compared to 2016, is primarily related to the April 2017 expansion
of the PIXUVRI agreement with Servier under which they have rights
in all markets except the United States.

GAAP operating loss for the fourth quarter and twelve months ended
Dec. 31, 2017, was $13.7 million and $39.5 million, respectively,
compared to GAAP operating loss of $5.6 million and $49.2 million
for the respective periods in 2016.  Non-GAAP operating loss, which
excludes non-cash share-based compensation expense, for the fourth
quarter and twelve months ended Dec. 31, 2017 was $12.3 million and
$33.8 million, respectively, compared to non-GAAP operating loss of
$3.5million and $35.8 million for the respective periods in 2016.
Non-cash share-based compensation expense for the fourth quarter
and twelve months ended Dec. 31, 2017, was $1.4 million and $5.7
million, respectively, compared to $2.1 million and $13.3 million
for the respective periods in 2016.  The decrease in operating loss
for the fourth quarter and twelve months of 2017 was due to a
significant decrease in research and development and selling,
general and administrative expenses primarily related to a decrease
in pacritinib development costs as a result of the completion of
the Phase 3 clinical studies in 2017 and a decrease in expenses for
the manufacture of pacritinib and personnel costs.
As of Dec. 31, 2017, CTI Biopharma had $54.88 million in total
assets, $38.79 million in total liabilities and $16.09 million in
total shareholders' equity.  As of Dec. 31, 2017, cash, cash
equivalents and restricted cash totaled $43.2 million, compared to
$44.0 million at Dec. 31, 2016.

                  Financial and Partnerships

   * In February 2018, received gross proceeds of $69 million from
     an underwritten public offering of common stock.  In June
     2017, the Company received gross proceeds of $45 million
     through an underwritten public offering of preferred stock.

   * In January 2018, the Company reincorporated in the State of
     Delaware, triggering an automatic delisting of the Company's
     common stock from the Borsa Italiana MTA exchange.

   * In January 2018 and again in June 2017, the Company announced

     that it received a $10 million milestone payment from Teva
     Pharmaceutical Industries Ltd. related to a regulatory
     approval milestone for TRISENOX.

   * In April 2017, the Company announced the expansion of the
     existing license and collaboration agreement with Servier,
     providing Servier with rights to PIXUVRI (pixantrone) in all
     markets except in the United States.

              Board of Directors and Management

   * In September 2017, Laurent Fischer, M.D. was appointed
     Chairman of the Board of Directors.  The Company also
     announced the appointment of David Parkinson, M.D. and
     Michael A. Metzger to the Board of Directors in 2017.  
     Phillip M. Nudelman, Ph.D. and Jack W. Singer, M.D. resigned
     as members of the Board.

   * In March 2017, Adam Craig, M.D., Ph.D., was appointed  
     president and CEO and a director of the Company, succeeding
     Richard Love, who continues to serve on the Company's Board.
     Additional management changes in 2017 included the promotion
     of David H. Kirske to chief financial officer and Bruce J.
     Seeley to chief operating officer.

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

                     https://is.gd/RZpDae

                     About CTI BioPharma Corp.

CTI BioPharma Corp. -- http://www.ctibiopharma.com/-- is a
biopharmaceutical company focused on the acquisition, development
and commercialization of novel targeted therapies covering a
spectrum of blood-related cancers that offer a unique benefit to
patients and healthcare providers.  CTI BioPharma has a late-stage
development pipeline, including pacritinib for the treatment of
patients with myelofibrosis.  CTI BioPharma is headquartered in
Seattle, Washington.


CYRUSONE INC: S&P Alters Outlook to Positive & Affirms 'BB' CCR
---------------------------------------------------------------
S&P Global Ratings affirmed its corporate credit rating on
Dallas-based real estate investment trust (REIT) CyrusOne Inc. at
'BB' and revised the outlook to positive from stable.

S&P said, "At the same time, we affirmed our issue-level ratings on
the company's senior unsecured credit facility and senior unsecured
notes at 'BB+'. The recovery rating remains '2', indicating our
expectation for substantial (70%-90%; rounded estimate: 85%)
recovery for lenders in the event of a payment default.

"We also removed the ratings from Under Criteria Observation (UCO)
that we placed there on Feb. 26, 2018.

"The outlook revision reflects our view that CONE's debt to EBITDA
could improve to the mid-5x area over the next 12 to 18 months upon
the inclusion of incremental EBITDA from lease-up of projects
recently placed into service and a full year consolidation of
Sentinel's acquisition, as well as continued revenue expansion
supported by favorable demand for data center space. Moreover, the
positive outlook reflects our expectation for CONE to fund its
development spending and/or acquisition of Zenium with a healthy
mix of funds from operations, equity, and debt, and to achieve a
seamless integration.

"The positive outlook also reflects our expectation that CONE will
continue to benefit from secular tailwinds. We expect demand for
space to house IT will continue to outpace supply for the next few
years resulting in healthy rent growth and high occupancy. We
expect this will translate into strong revenue growth for CONE in
the 20% to 25% range over the next couple of years. Although we
anticipate the company will remain acquisitive and active on
development, we expect CONE will maintain a prudent funding
approach.  

"We could raise the ratings by one notch if the company lowers and
sustains debt to EBITDA in the mid- to high-5x area. This could be
driven by additional accretive EBITDA from ramp-up of projects
under development and acquisitions or from additional equity
issuances to fund growth. This would demonstrate the company's
commitment to maintain debt-to-EBITDA within its stated financial
policy, which we view as the main trigger for an upgrade.

"We could revise the outlook back to stable if the company executes
on its growth strategy but uses mostly incremental debt to achieve
it. This could happen if the company deviates from its stated
financial policy, such that debt to EBITDA were to be sustained
above 6x on a trailing-12-month basis.  

"While unlikely over the next 12 months, we could lower the ratings
if operating performance weakens due to competitive pressures or
overexpansion of data center capacity, causing pricing pressure, a
decline in utilization, or elevated churn, which could result in
margin compression and a sustained increase in leverage above 7x."


CYTORI THERAPEUTICS: Has Until Sept. 4 to Regain Nasdaq Compliance
------------------------------------------------------------------
Cytori Therapeutics, Inc. received on March 6, 2018, a letter from
the staff of The Nasdaq Stock Market LLC granting the Company an
additional compliance period of 180 calendar days, or until Sept.
4, 2018, in which to regain compliance.

On Sept. 5, 2017, Cytori received a letter from Nasdaq notifying
the Company that the Company's common stock no longer meets a
Nasdaq requirement for continued listing on The Nasdaq Capital
Market: maintaining a minimum bid price of $1 per share, as set
forth in Nasdaq Listing Rule 5550(a)(2).  The Company was provided
until March 5, 2018 to regain compliance with the continued listing
rules.

Nasdaq granted the additional compliance period after the Company
continued to meet the continued listing requirement for market
value of publicly held shares and all other initial listing
standards for the Nasdaq Capital Market, with the exception of the
Bid Price Requirement, and the Company provided notice to Nasdaq of
its intent to cure the deficiency during this second compliance
period, by effecting a reverse stock split, if necessary.  

                         About Cytori

Based in San Diego, California, Cytori -- http://www.cytori.com/--
is a therapeutics company developing regenerative and oncologic
therapies from its proprietary cell therapy and nano-particle
platforms for a variety of medical conditions.  Data from
preclinical studies and clinical trials suggest that Cytori Cell
Therapy acts principally by improving blood flow, modulating the
immune system, and facilitating wound repair.  As a result, Cytori
Cell Therapy may provide benefits across multiple disease states
and can be made available to the physician and patient at the
point-of-care through Cytori's proprietary technologies and
products.  Cytori Nanomedicine is developing encapsulated therapies
for regenerative medicine and oncologic indications using
technology that allows Cytori to use the benefits of its
encapsulation platform to develop novel therapeutic strategies and
reformulate other drugs to optimize their clinical properties.

Cytori reported a net loss of $22.68 million for the year ended
Dec. 31, 2017, compared to a net loss of $22.04 million for the
year ended Dec. 31, 2016.  As of Dec. 31, 2017, Cytori had $31.61
million in total assets, $18.61 million in total liabilities and
$13 million in total stockholders' equity.


DAVID'S BRIDAL: Bank Debt Trades at 14.8% Off
---------------------------------------------
Participations in a syndicated loan under which David's Bridal Inc.
is a borrower traded in the secondary market at 85.2
cents-on-the-dollar during the week ended Friday, March 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 3.28 percentage points from the
previous week. David's Bridal pays 375 basis points above LIBOR to
borrow under the $520 million facility. The bank loan matures on
October 11, 2019. Moody's rates the loan 'Caa2' and Standard &
Poor's gave a 'CCC' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, March 2.


DEERFIELD DUFF: S&P Puts 'B' CCR on CreditWatch Negative
--------------------------------------------------------
U.S.-based business consulting firm Deerfield Duff & Phelps, LLC
announced that it has entered into a definitive agreement to
acquire Kroll LLC. The acquisition price and funding is currently
not available.

S&P Global Ratings placed its ratings, including the 'B' corporate
credit rating, on Deerfield Duff & Phelps, LLC  on CreditWatch with
negative implications.

The CreditWatch placement reflects Duff & Phelps' announcement that
it has entered into a definitive agreement to acquire Kroll LLC.
The acquisition price and funding is currently not available.
However, S&P expects the acquisition could increase adjusted debt
leverage above our 6.5x threshold for the 'B' rating.

S&P will resolve the CreditWatch placement within the next 90 days
once it has additional details about the acquisition, including the
financing terms and the potential impact on the company's business,
synergies, pro forma leverage, and the combined company's cash flow
generation.


DELCATH SYSTEMS: Seeking Approval of Reverse Common Stock Split
---------------------------------------------------------------
Delcath Systems, Inc. furnished a current report on Form 8-K with
the Securities and Exchange Commission in connection with the
disclosure of information contained in an investor presentation  to
be used by the Company at various meetings, including on March 13,
2018 at 1:30 p.m. Pacific Time at the 30th Annual Roth Conference,
being held at the Ritz Carlton Hotel, in Dana Point, California
from March 11 - 14, 2018.

Delcath disclosed that it completed a $5 million registered
offering on Feb. 9, 2018.  The Company also filed a definitive
proxy statement on Feb. 26, 2018 seeking approval of: (a) an
increase in authorized shares of 500 million, and (b) a reverse
stock split of between 1:100 and 1:500.

As of Sept. 30, 2017, the Company had $2.5 million in cash and cash
equivalents.  At March 1, 2018, the Company had 435 million shares
outstanding.

The Company expressly disclaims any obligation to update or revise
any of the information contained in the Presentation.

The Presentation is available on the Company's investor relations
website located at delcath.com/investors, although the Company
reserves the right to discontinue that availability at any time.

A copy of the Presentation is also available at:

                       https://is.gd/Z4Lwyw

                      About Delcath Systems

Based in New York, New York, Delcath Systems, Inc. --
http://www.delcath.com/-- is an interventional oncology Company
focused on the treatment of primary and metastatic liver cancers.
The Company's investigational product -- Melphalan Hydrochloride
for Injection for use with the Delcath Hepatic Delivery System
(Melphalan/HDS) -- is designed to administer high-dose chemotherapy
to the liver while controlling systemic exposure and associated
side effects.  In Europe, the Company's system is in commercial
development under the trade name Delcath Hepatic CHEMOSAT Delivery
System for Melphalan (CHEMOSAT), where it has been used at major
medical centers to treat a wide range of cancers of the liver.

As of Sept. 30, 2017, Delcath Systems had $14.48 million in total
assets, $16.33 million in total liabilities and a total
stockholders' deficit of $1.85 million.  The Company has incurred
losses since inception and has an accumulated deficit of $305.6
million at Sept. 30, 2017.  The Company incurred a net loss of
$25.9 million for the nine months ended Sept. 30, 2017 used $11.7
million of cash for its operating activities.

Grant Thornton 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 recurring
losses from operations and as of Dec. 31, 2016, has an accumulated
deficit of $279.2 million.  These conditions, along with other
matters, raise substantial doubt about the Company's ability to
continue as a going concern.


DIEBOLD NIXDORF: Moody's Lowers CFR to B1; Outlook Stable
---------------------------------------------------------
Moody's Investors Service downgraded Diebold Nixdorf, Inc.'s
Corporate Family Rating ("CFR") to B1 from Ba3 and Probability of
Default Rating ("PDR") to B1-PD from Ba3-PD. Moody's also
downgraded the ratings on the company's senior secured credit
facilities to B1 from Ba2 as well as the ratings on Diebold's
senior unsecured notes to B3 from B2. Concurrently, the Speculative
Grade Liquidity ("SGL") rating was downgraded to SGL-2 from SGL-1.
The rating downgrades were principally driven by Diebold's weaker
than expected operating performance in 2017 with debt leverage
remaining elevated since the completion of the company's largely
debt financed acquisition of European-based rival Wincor Nixdorf AG
("Wincor") in 2016.

Moody's downgraded the following ratings:

Corporate Family Rating, Downgraded to B1 from Ba3

Probability of Default Rating, Downgraded to B1-PD from Ba3-PD

Senior Secured Revolving Credit Facility expiring 2020--Downgraded
to B1 (LGD4) from Ba2 (LGD3)

Senior Secured Term Loan A due 2020 -- Downgraded to B1 (LGD4) from
Ba2 (LGD3)

Senior Secured Delayed Draw Term Loan A due 2020 -- Downgraded to
B1 (LGD4) from Ba2 (LGD3)

Senior Secured Term Loan B due 2023 -- Downgraded to B1 (LGD4) from
Ba2 (LGD3)

Senior Unsecured Gtd. Global Notes due 2024 -- Downgraded to B3
(LGD6) from B2 (LGD5)

Speculative Grade Liquidity rating to SGL-2 from SGL-1

Outlook is Stable

RATINGS RATIONALE

Diebold's B1 CFR is constrained by the company's elevated gross
debt leverage of nearly 5.5x as of December 31, 2017 (nearly 6.5x
including redeemable non-controlling interests of $ 492.1 million),
ongoing execution challenges relating to the company's
restructuring program, and Moody's expectation of a challenging
operating environment in the company's core automated teller
machine ("ATM") market in the coming year. These risks are somewhat
mitigated by Diebold's expansive geographic footprint and leading
market positions across its financial self-service and retail point
of sale business, Additionally, the company's credit profile should
benefit from the ongoing shift in Diebold's sales mix towards
higher margin software and services offerings which should
partially mitigate challenges in the more mature hardware business
and provide improved revenue visibility.

The B1 ratings for Diebold's senior secured credit facility
principally reflect the company's B1-PD PDR, a Loss Given Default
("LGD") assessment of LGD4, and the effective subordination of the
credit facility to Diebold's foreign non-debt liabilities as the
company's foreign non-guarantor subsidiaries account for the vast
majority of total assets and operations. The credit facility
ratings are consistent with the CFR and also reflect the bank
debt's priority in the collateral and senior ranking in the capital
structure relative to Diebold's senior unsecured notes rated B3
(LGD6).

Moody's believes Diebold's liquidity will be good over the next
year, as indicated by the SGL-2 rating. Liquidity will be supported
by $616.6 million of cash and short-term investments on the
company's balance sheet as of December 31, 2017, approximately $445
million of revolver availability, and Moody's expectation of free
cash flow ("FCF") of approximately $20 million after the payment of
dividends in 2018. Moody's FCF forecast assumes that Diebold will
pay $31 million in dividends and incur cash integration and
restructuring costs of approximately $90 million during the year.
Liquidity may also be materially constrained by redeemable
non-controlling interest liabilities ($ 492.1 million as of
December 31, 2017) related to the Diebold Nixdorf AG ("DNAG")
ordinary shares which are presently putable to the company. Diebold
's credit facility is subject to financial maintenance covenants
(based on covenant EBITDA) including a minimum net interest
coverage ratio requirement of 3x and a maximum leverage ratio
requirement of 4.25x which will gradually step down to 4.00x after
December 31, 2018 and 3.75x in June of the following year. Moody's
expects the company to remain comfortably in compliance with its
covenants over the coming year.

The stable ratings outlook principally reflects Moody's expectation
that Diebold will experience a modest decline in sales in 2018 as
weakness in the company's hardware business offsets gains in
software sales. Despite this projected contraction in revenues,
ongoing cost reduction initiatives should drive moderate
improvement in EBITDA margins, resulting in deleveraging to
approximately 5x by the end of 2018 (approximately 6.0x including
redeemable non-controlling interests).

What Could Change the Rating - Up

The ratings could be upgraded if Diebold effectively expands
revenue and improves margins such that adjusted debt to EBITDA is
sustained below 4.5x and FCF/Debt is above 10% with adherence to
disciplined financial policies.

What Could Change the Rating - Down

The ratings could be downgraded if Diebold experiences ongoing
revenue weakness, market share declines materially, or debt
leverage exceeds 5.5x and FCF (after dividends)/Debt is sustained
below 5% beyond 2018.

The principal methodology used in these ratings was Diversified
Technology Rating Methodology published in December 2015.

Diebold has leading market positions in developing, manufacturing,
and servicing ATMs, electronic cash registers, and other related
physical security solutions for banks and retailers. Moody's
expects the company to generate annual revenues of approximately
$4.6 billion in 2018.


DISCOVERY COMMUNICATIONS: Egan-Jones Lowers Unsec. Ratings to BB+
-----------------------------------------------------------------
Egan-Jones Ratings Company, on March 7, 2018, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Discovery Communications, Inc. to BB+ from BBB-.

Discovery Communications, Inc. was founded in 1985 and is
headquartered in Silver Spring, Maryland.


DN REAL ESTATE: $325K Sale of Atlanta Property Denied w/o Prejudice
-------------------------------------------------------------------
Judge Paul Baisier of the U.S. Bankruptcy Court for the Northern
District of Georgia denied without prejudice for want of
prosecution DN Real Estate Services & Acquisitions, LLC's sale of
real property located at 761 Antone Street NW, Atlanta, Georgia to
a prospective Buyer for $325,000.  The Motion was set for a hearing
on Dec. 4, 2017.

                About DN Real Estate Services &
                       Acquisitions, LLC

DN Real Estate Services & Acquisitions, LLC is in the business of
buying, renovating, and reselling residential homes.

DN Real Estate Services & Acquisitions filed a Chapter 11
bankruptcy petition (Bankr. N.D. Ga. Case No. 17-55587) on March
28, 2017.  The petition was signed by Cortney Newmans, member.  The
Debtor disclosed total assets of $937,964 and total liabilities of
$1.12 million.

Slomka Law Firm is the Debtor's counsel.  Virgent Realty is the
Debtor's Broker.


DPW HOLDINGS: Increases Stake in WSI Industries to 9.2%
-------------------------------------------------------
DPW Holdings, Inc., reported to the Securities and Exchange
Commission via a Schedule 13D/A that as of March 12, 2018, it
beneficially owns 272,105 shares of common stock of WSI Industries,
Inc., constituting 9.22% (based on 2,951,676 shares of common stock
outstanding as of Dec. 22, 2017).

DPW Holdings reported a series of transactions in which it
purchased an additional aggregate of 11,190 shares of WSI
Industries' Common Stock in the open market since its Schedule
13D/A filed with the SEC on March 5, 2018.

               Will Attend at March 16 WSI Annual Meeting

Milton C. Ault III, the chief executive officer of DPW Holdings,
sent a letter dated Feb. 16, 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.  

On Feb. 26, 2018, WSI Industries delivered a letter to DPW Holdings
requesting information regarding the Reporting Person's plans and
proposals relating to the Company and its shareholders.  On March
4, 2018, Mr. Ault sent a letter dated March 4, 2018 to Mr. Pudil,
which letter sets forth the detailed response of the Reporting
Person to the Issuer.

WSI Industries delivered a letter on March 9, 2018 to DPW Holdings
inviting Mr. Ault to attend, on behalf of the Reporting Person, the
meeting of the Board of Directors of the Issuer on March 16, 2018
and requested that the Reporting Person withdraw its demand for a
special meeting of the shareholders of the Issuer.  On March 12,
2018, Mr. Ault sent a letter dated March 12, 2018 to Mr. Pudil,
which letter sets forth Mr. Ault's plan to attend the annual
meeting of the Issuer and withdrawal of Reporting Person's demand
for a special meeting of the shareholders.

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

                       https://is.gd/wYjF04

                        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.


DURAVANT LLC: S&P Cuts CCR to 'B-' on Key Technology Acquisition
----------------------------------------------------------------
U.S.-based diversified specialty component manufacturer Duravant
LLC is raising $185 million of new debt through an add-on to its
existing bank facilities to fund its acquisition of Key Technology
Inc., which will increase its debt leverage to 7.5x following the
transaction.

S&P Global Ratings lowered its corporate credit rating on Downers
Grove, Ill.-based Duravant LLC to 'B-' from 'B'. The outlook is
stable.

S&P said, "At the same time, we lowered our issue-level rating on
the company's first-lien facility to 'B-' from 'B'. The '3'
recovery rating remains unchanged, indicating our expectation for
meaningful (50%-70%; rounded estimate: 55%) recovery in a payment
default scenario.

"Additionally, we lowered our issue-level rating on Duravant's
second-lien term loan to 'CCC' from 'B-' and revised the recovery
rating to '6' from '5'. The '6' recovery rating indicates our
expectation for negligible (0%-10%; rounded estimate: 5%) recovery
in the event of a payment default.

"The downgrade reflects our belief that Duravant's acquisition of
Key Technology will materially weaken its credit measures,
particularly the company's debt leverage ratio, given the
significant amount of debt it will take on to fund the transaction.
We expect the company's pro forma debt leverage to increase to
about 7.5x--based on its financials for the 12 months leading up to
the end of its third quarter in 2017--and anticipate that it will
remain above 7.0x over the next 18 months. Duravant is raising
about $185 million of new debt to fund its acquisition of Key,
which is a leading U.S.-based manufacturer of food sorters,
conveyors, and related processing equipment used in the production
of processed foods. Key generated over $100 million of pro forma
revenue and maintained EBITDA margins of over 10% in fiscal-year
2017. While the acquisition will slightly dilute Duravant's profit
margins--even when considering the anticipated synergies--it should
help expand its presence in its existing end markets, particularly
in the food processing and material handling segments. The
acquisition will also increase the scale of Duravant's operations
and provide it with operational synergies and additional cash
flow.

"The stable outlook on Duravant reflects our expectation that
modest revenue growth, stable EBITDA margins, and contributions
from bolt-on acquisitions and a limited number of debt-funded
acquisitions will allow the company to improve its adjusted
debt-to-EBITDA toward 7.0x over the 12-18 months following its
acquisition of Key.

"We could lower our ratings on Duravant if we come to view the
company's capital structure as unsustainable or its liquidity
position as less than adequate. This could occur if reduced demand
for the company's key products, the loss of key customers, other
operational challenges, or rising interest rates make it
challenging for Duravant to meet its fixed charges and cause its
free cash flow to become negative. This scenario would likely cause
the company to draw on its revolver such that it would spring the
maximum secured leverage covenant.

"Alternatively, we could lower our ratings on Duravant if continued
aggressive financial policies -- either through additional
debt-funded acquisitions or shareholder distributions -- lead us to
view the company's capital structure as unstable.

"Although unlikely over the next 12 months, we could raise our
ratings on Duravant if the company's credit metrics meaningfully
improve such that its adjusted debt-to-EBITDA declines below 7.0x
and we believe that management and the company's financial sponsor
are willing to adopt the policies and discipline necessary to
sustain this improvement."


DYNAMIC CONSTRUCTION: Disclosure Statement Hearing on March 21
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Virginia is
set to hold a hearing on March 21, at 2:00 p.m., to consider
approval of the disclosure statement, which explains the proposed
Chapter 11 plan for Dynamic Construction Services, Inc.

Objections to approval of the disclosure statement are due by March
14.

                  About Dynamic Construction

Headquartered in Greenville, Virginia, Dynamic Construction
Services, Inc., is a small business Debtor as defined in 11 U.S.C.
Section 101(51D).  It listed its business under the utility system
construction category.  It is a full service utility and wireless
communications contractor serving the mid-Atlantic region for the
last 10 years.

Dynamic Construction filed for Chapter 11 bankruptcy protection
(Bankr. W.D. Va. Case No. 17-50566) on June 2, 2017, estimating its
assets and liabilities at between $1 million and $10 million.  The
petition was signed by Charles Spangler, Jr., president.

Judge Rebecca B. Connelly presides over the case.

Andrew S Goldstein, Esq., at Magee Goldstein Lasky & Sayers, P.C.,
serves as the Debtor's bankruptcy counsel.

Dynamic Construction Services, Inc. filed its proposed Chapter 11
plan and disclosure statement on February 27, 2018.


E & J MACON: Wants Up To $300,000 DIP Financing From Mark Nussbaum
------------------------------------------------------------------
E & J Macon LLC and its affiliates ask the U.S. Bankruptcy Court
for the Eastern District of New York for permission to (i) obtain
credit from Mark Nussbaum, a pre-petition creditor, minority
shareholder and manager of Debtors Pacific Realty, Bergen Realty
and Macon Realty, (ii) use cash collateral in the form of rental
income, and (iii) pay, current non-default interest from and after
February 25, 2018, in the amount of $912/day as adequate protection
to alleged secured creditor Macon Funding LLC.

A hearing on the Debtors' request is set for March 22, 2018, at
11:30 a.m.  Objections to the request must be filed by March 19,
2018, at 4:00 p.m.

The Debtors have requested that DIP Lender agree to make a
post-petition loan in the amount of up to $300,000 to partially
fund post-petition expenses of the Debtors after the use of
available rental income which allegedly constitutes the cash
collateral of
Macon Funding and the Pre-Petition Lender.  The Debtors have
requested that, upon entry of the interim court order, DIP Lender
agree to make an interim advance on account of the DIP Loan of up
to $100,000 to fund post-petition operations identified in the
Budget.

On Sept. 29, 2016, Debtor, E&J Macon, obtained a loan in the
principal amount of $3.65 million from Macon Funding LLC.  The
Macon Funding Loan is alleged to be secured by first priority liens
upon and first priority mortgages upon the Real Property and
proceeds thereof, including the rental income from the Real
Property.

Prior to the Petition Date, Macon Funding commenced a foreclosure
action in Brooklyn Supreme Court, captioned Macon Funding
Associates v. E&J Macon, LLC et al, Index No. 511076/2017, Kings
County Supreme Court seeking to foreclose upon the Real Property.
No judgment has been entered in the Foreclosure Action.

Macon Funding filed a secured proof of claim in the E&J Macon case
(Claim No. 1) in the amount of $4,136,954.96.  While the Debtors
reserve all rights to object to all aspects of the Macon Funding
Claim, the Debtors agree that the obligations under the Macon
Funding Loan are fully secured by first priority liens in and
mortgages upon the Real Property and proceeds thereof, including
rental income, and the principal obligations in the amount of
$3,650,000 are accruing interest at the non-default rate of 9% per
annum or $912/day or $27,360 per month.  The Debtors further
reserve all rights to object to the accrual of interest at the
default rate of 24% and the fees and expenses included in the Macon
Funding Claim and to seek an order disallowing the claim and/or
security interests in whole or in party, reducing or modifying the
amount of adequate protection, and reallocating some or all of any
adequate protection payments to the payment of principal on account
of the secured portion of the Macon Funding Claim.  In addition,
the obligations under the Macon Funding Loan are protected by a
substantial equity cushion in the Real Property.

On May 3, 2017, E&J Macon and Ervin Johnson, the 100% owner and
sole principal of E&J Macon, obtained certain loans and extensions
of credit from Mark Nussbaum in the principal amount of $500,000,
which Pre-Petition Loan is evidenced by a certain promissory note
dated as of May 3, 2017, and secured by second priority mortgages
upon certain real property, including the Real Property and
improvements thereon and the proceeds thereof, formerly owned by
E&J Macon and presently owned by each of Macon Realty, Bergen
Realty and Pacific Realty.  

As of the First Petition Date, the amount due and owing to the
Pre-Petition Lender in connection with the Pre-Petition Loan is
$576,334.86.

In consideration of the Pre-Petition Loan and other credit and
consideration provided by the Pre-Petition Lender, Pre-Petition
Lender was also granted a 49% equity ownership interest in Macon
Realty, Bergen Realty and Pacific Realty.

The Pre-Petition Loan matured August 2017 and the Debtors
acknowledge and agree that the Pre-Petition Debt is due with
offset, counterclaim or defense and the Junior Mortgages are duly
perfected mortgages and liens upon the Real Property securing the
Pre-Petition Debt.
The Pre-Petition Loan was intended as a short term loan to address
exigent circumstances for the repair and improvement of the Real
Property subject to the Junior Mortgages and to address certain
violations with respect to the Real Property while E&J Macon
obtained financing to repay the amounts due to Macon Funding.
However, E&J Macon was unable to obtain replacement financing as a
result of a fraud perpetrated by Seaview Management Associates and
John Clarke, the former property manager for the Real Property.

As a result of Clarke's actions, Mr. Johnson and Mr. Nussbaum were
unable to obtain financing secured by the Real Property to repay
the Pre-Petition Loan and the Macon Funding Loan and they became
concerned that Clarke would take further actions to encumber or
transfer the Real Property.  To protect the Real Property from
further fraud by Clarke, Mr. Johnson caused E&J Macon to transfer
title to Macon Street, Pacific Street and Bergen Street to each of
Macon Realty, Pacific Realty and Bergen Realty, respectively.

After discovering the fraud, E&J Macon terminated Clarke and
Seaview Management; and from approximately May 2017 relied upon USA
Quick Solutions Corp. to manage the Real Property and maintain
their books and records.

The Debtors have caused a judgment and lien search to be conducted
for each of Macon Street, Bergen Street and Pacific Street and
subject to the Debtors' right to object to the validity of the
liens and encumbrances and the amounts of any claims, any lien
granted in favor or the DIP Lender to secure the DIP Obligations
will be junior and subordinate to the Senior Mortgages, the Junior
Mortgages and valid, duly perfected and allowed liens and
identified in the schedules.

The current state of the Real Property and the rental income
derived therefrom does not provide sufficient liquidity for the
Debtors to fund post-petition expenses, including U.S. Trustee
fees, professional fees, insurance, repairs maintenance and
improvements to the Real Property, adequate protection on account
of the Macon Funding Loan and curing of violations.

Prior to the Petition Date no less than 5 potential lenders for
financing in an amount sufficient to pay the Macon Funding Loan and
other obligations related to the Real Property were contacted.  No
lender was willing to provide financing on any terms unless
Clarke was a party to such agreements and the Debtors
understandably could not engage with Clarke.  As such, until the
Debtors resolve the issues with Clarke, other than the DIP Lender,
Debtors have been unable to identify any other sources of financing
available on any terms.
The Debtors say that the DIP Loan and the use of rental income to
operate the Real Property is critical to these Chapter 11 cases.
The financing will protect the substantial equity in the Real
Property from being foreclosed upon by Macon Funding and will allow
the Debtors to maintain and operate the Real Property, including
continuing to provide required services to the tenants who occupy
the Real Property and make necessary repairs and improvements to
the Real Property.

The Debtors anticipate that the refinancing of the Real Property
will be sufficient to (i) pay in full all allowed claims, including
the Macon Funding Loan and the Pre-Petition Loan, each to the
extent allowed; (ii) repay the DIP Loan; and (iii) fund all
administrative expenses of the bankruptcy cases.

In this case there is a substantial equity cushion, equal to nearly
100% of the Macon Funding Claim and the Pre-Petition Claim.

The Pre-Petition Lender has consented to the use of its collateral
and cash collateral and the DIP Lender has required the use of cash
collateral pursuant to the terms of the DIP Loan.

The DIP Loan Agreement's salient terms of the DIP Loan include:

     a. the Debtors are required to use the cash collateral in the

        amount of approximately $23,728/month from the rental
        income of the Real Property for the purposes set forth in
        the budget;

     b. the DIP Loan is in the total amount of up to $300,000, of
        which $100,000 is sought on an interim basis for the
        purposes set forth in the Budget and after use of the cash

        collateral;

     c. repayment of the Obligations under the DIP Loan are
        assured by granting to the DIP Lender (i) an unsecured
        administrative claim pursuant to Bankruptcy Code Section
        364(b), subject to repayment of the carve out; and (ii) a
        security interest in and lien upon the Real Property,
        junior and subordinate to duly perfected, valid and
        existing liens encumbering the Real Property as of the
        Petition Date, pursuant to Bankruptcy Code Section
        364(c)(3), subject to the payment of the carve out;

     d. the DIP Loan will accrue non-default interest at the rate
        of 9% per annum on outstanding obligations, but there
        will be no payments of principal or interest until the
        earlier to occur of the Maturity Date or an Event of
        Default.  The default rate of interest will be 12% per
        annum;

     e. the DIP Loan matures upon the earliest to occur of: (a)
        180 days from the entry of a final DIP court order; (b)
        the effective date of a confirmed of a Chapter 11 plan of
        reorganization in the bankruptcy cases; (c) entry of an
        order by the Court dismissing one or more of the
        bankruptcy cases; (d) entry of an order by the Court
        appointing a Chapter 11 Trustee or examiner in one or more
        of the bankruptcy cases; (e) entry of an order by the
        Court converting one or more of the bankruptcy cases to
        proceedings under Chapter 7 of the Bankruptcy Code; (f)
        entry of an order by the Court approving any new or
        additional financing for any of the Debtors; (g) entry of
        an order by the Court or any other court of competent
        jurisdiction (i) to revoke, reverse, stay, vacate,
        rescind, modify, supplement or amend an Interim or Final
        DIP Order, or (ii) to grant or permit the grant of any
        lien or encumbrance upon any of the Debtors' property,
        other than the Carve Out; (h) the consummation of a
        sale or other disposition of all or substantially all of
        the assets of the Debtors; or (i) the Court will not have
        entered the final court order within 30 days of the entry
        of the interim court order;

     f. in the event that no Official Committee of Unsecured
        Creditors is appointed in these cases, the Debtors'
        acknowledgments, waivers and releases will bind all
        parties in interest unless a party in interest will,
        within 75 days after the entry of the Final DIP Order,
        have filed an objection to the acknowledgments, waivers
        and releases or filed a motion seeking an order
        authorizing the party in interest to object to
        acknowledgments, waivers and releases, or to commence an
        Avoidance Action;

     g. payment of any amounts on account of the DIP Loans, the
        Post-Petition Liens and the Administrative DIP Claim,
        will be subject and subordinate to the payment of:

        (a) the statutory fees payable to the U.S. Trustee
            pursuant to 28 U.S.C. Section 1930(a)(6) and 31 U.S.C.

            Section 3717;

        (b) fees payable to the Clerk of the Court;

        (c) the unpaid and outstanding reasonable fees and
            expenses actually incurred on or after the Petition
            Date and prior to the occurrence of an Event of
            Default or Maturity Date, to the extent allowed and
            payable under Sections 326, 327, 328, 330 and 331 of
            the Bankruptcy Code (but excluding success, completion

            or other transaction fees) by attorneys, accountants
            and other professionals retained by the Debtors and a
            Creditors' Committee under Sections 327 or 1103(a) of
            the Bankruptcy Code;

        (d) the unpaid and outstanding reasonable fees and
            expenses of the Professionals actually incurred from
            or after the occurrence of an Event of Default or
            Maturity Date, to the extent allowed and payable under

            Sections 326, 327, 328, 330, and 331 of the Bankruptcy

            Code (but excluding success, completion or other
            transaction fees) in an aggregate amount not to exceed

            $50,000; and

        (e) reasonable fees and expenses of any Chapter 7 trustee,

            allowable pursuant to Section 726(b) of the Bankruptcy

            Code in an amount not to exceed $10,000.

     h. the DIP Lender's legal fees, as a DIP Obligation, are
        capped at $15,000.

A copy of the Debtors' request is available at:

           http://bankrupt.com/misc/nyeb18-40321-30.pdf

                        About E & J Macon

E & J Macon LLC is a closely-held limited liability company in
Brooklyn, New York, engaged in leasing real estate properties.  It
does not presently own assets or operate a business, but commonly
owned entities 1049 Bergen Realty LLC, 1596 Pacific Realty LLC, and
401 Macon Realty LLC, own and operate three properties commonly
known as 1596 Pacific Street, Brooklyn, N.Y.; 1049 Bergen Street,
Brooklyn, N.Y.; and 401 Macon Street, Brooklyn, N.Y., which are
multi-family and mixed use building.

E & J Macon filed for Chapter 11 bankruptcy protection (Bankr.
E.D.N.Y. Case No. 18-40321) on Jan. 19, 2018.  In the petition
signed by Ervin Johnson, Jr., managing member, the Debtor estimated
its assets and liabilities at between $1 million and $10 million.
Judge Nancy Hershey Lord presides over the case.  Jay Teitelbaum,
Esq., at Teitelbaum Law Group, LLC, serves as the Debtor's
bankruptcy counsel.


EMMAUS LIFE: Hires Publicis for Product Marketing and Sale
----------------------------------------------------------
Emmaus Life Sciences, Inc., has signed a master services agreement,
effective as of Jan. 25, 2018, with Publicis Healthcare Solutions,
Inc., under which the Company engaged Publicis to provide, directly
or through its affiliates or subcontractors, certain fee-based
services, including recruiting services, call center services,
contract sales organization services and other ancillary services
as the Company may request from time to time relating to the
commercial marketing and sale of Endari (L-glutamine oral powder)
in the U.S.

The term of the Master Services Agreement is for three years,
unless earlier terminated.

The Master Services Agreement contains customary representations
and warranties of the parties and mutual indemnification
provisions.

                      About Emmaus Life

Headquartered in Torrance, California, Emmaus Life Sciences, Inc.,
is engaged in the discovery, development, and commercialization of
treatments and therapies primarily for rare and orphan diseases.

Emmaus Life Sciences reported a net loss of $21.17 million for the
year ended Dec. 31, 2016, compared to a net loss of $13.50 million
for the year ended Dec. 31, 2015.  As of Sept. 30, 2017, Emmaus
Life had $33.60 million in total assets, $89.48 million in total
liabilities and a total stockholders' deficit of $55.88 million.

SingerLewak LLP, in Los Angeles, California, 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, its total liabilities exceed its
total assets and it has an accumulated stockholders' deficit.  This
raises substantial doubt about the Company's ability to continue as
a going concern.


ENERGY FUTURE: 1st Amended Reorg. Plan Declared Effective
---------------------------------------------------------
BankruptcyData.com reported that Energy Future Holdings (EFH) and
Energy Future Intermediate Holdings' (EFIH) First Amended Joint
Plan of Reorganization [Further Revised] became effective, and the
Company emerged from Chapter 11 protection under an acquisition
with Sempra Energy. The U.S. Bankruptcy Court confirmed the Plan on
February 27, 2018. According to BankruptcyData's Plan Summary, "The
Liquidation Analysis estimates net proceeds available for
distribution to Holders of Claims against and Interests in the EFH
Debtors in a hypothetical liquidation (assuming the interest in
Oncor is not disposed of in a taxable disposition) are assumed to
have a range of between $368 million and $371 million, with a
mid-point of $370 million. Also, the estimated net proceeds
available for distribution to Holders of Claims against, and
Interests in, the EFIH Debtors (assuming the interest in Oncor is
not disposed of in a taxable disposition or, if a taxable
disposition were to occur, the EFIH Debtors would not be liable for
any part of such liability) in a hypothetical liquidation are
assumed to have a range of between $9.54 billion and $9.64 billion,
with a mid-point of $9.56 billion. The Plan constitutes a separate
chapter 11 plan of reorganization for each EFH Debtor and EFIH
Debtor." According to documents filed with the SEC, Reorganized EFH
(renamed Sempra Texas Holdings Corp.) owns 100% of the membership
interests of EFIH (renamed Sempra Texas Intermediate Holding
Company), which in turn owns 100% of the membership interests of
Oncor Electric Delivery Holdings Company, which owns approximately
80.03% of the outstanding membership interests of Oncor Electric
Delivery Company. Under the merger agreement, Sempra Energy paid
cash consideration of approximately $9.45 billion. This electric
utility company filed for Chapter 11 protection on April 29, 2014,
listing $41 billion in pre-petition assets.

                     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
   


ENERGY FUTURE: Files 2nd Amended Supplement to Plan
---------------------------------------------------
BankruptcyData.com reported that Energy Future Holdings filed with
the U.S. Bankruptcy Court a Second Amended Supplement to the First
Amended Joint Plan of Reorganization of Energy Future Holdings,
Energy Future Intermediate Holding Company, LLC and the EFH/EFIH
debtors. The supplement contains the following documents: Exhibit
A: amended and restated tax matters agreement; Exhibit B: assumed
executory contracts and unexpired leases; Exhibit C: rejected
executory contracts and unexpired leases; Exhibit D: EFH Plan
administrator trust agreement; Exhibit E: disclosure of new boards
and Exhibit F: retained causes of action.

                     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


ENERGY FUTURE: White & Case Served as Adviser on Sempra Deal
------------------------------------------------------------
Global law firm White & Case LLP has advised Sempra Energy on its
approximately US$9.45 billion all-cash acquisition of Energy Future
Holdings Corp. ("EFH") and its subsidiary, Energy Future
Intermediate Holding Company ("EFIH", and together with EFH, the
"EFH Debtors"), the indirect owners of approximately 80 percent of
Oncor Electric Delivery Company, LLC ("Oncor"), the largest utility
in Texas.  The deal, which valued Oncor at approximately US$18.8
billion at signing, closed on Friday, March 9, and brings an end to
the EFH Debtors' long-running chapter 11 case.  The case, which has
been pending for nearly four years and has seen two prior confirmed
plans fail to consummate because of regulatory issues, was the
largest industrial bankruptcy in US history.

White & Case was retained by Sempra Energy last July to assist it
in developing a proposal that would be superior to the one
reflected in the EFH Debtors' agreement to merge with Berkshire
Hathaway Energy ("BHE"), which was set to be approved by the US
Bankruptcy Court for the District of Delaware (the "Bankruptcy
Court") in mid-August.  A series of around-the-clock negotiations
produced a Sempra Energy proposal that the boards of EFH and EFIH
determined to be superior and that creditors holding the vast
majority of the debt of EFH and EFIH agreed to support.

On August 21, 2017, the EFH Debtors terminated their agreement with
BHE and accepted the Sempra Energy proposal.  The EFH Debtors
obtained Bankruptcy Court authority to proceed with the Sempra
Energy transaction on September 6, subject to obtaining all
required regulatory approvals and confirmation of their chapter 11
plan.  Over the ensuing six months, Sempra Energy obtained all
required regulatory approvals, including from the Public Utility
Commission of Texas (the "PUCT"), whose rulings with respect to two
prior proposals to acquire the EFH Debtors' 80 percent stake in
Oncor had resulted in those transactions not closing.  In early
February, the parties announced that they had obtained the support
of all intervenors through a settlement in the PUCT proceeding,
including the PUCT staff.  The Bankruptcy Court confirmed the
chapter 11 plan for the EFH Debtors on February 26, and the PUCT
approved the transaction on March 8, paving the way for the deal to
close, which makes Sempra Energy the largest utility holding
company in the US as measured by customer base.

"This transaction presented daunting challenges," said Thomas E
Lauria, Global Chair of White & Case's Financial Restructuring and
Insolvency practice.  "It has truly been an honor to work with and
assist Sempra Energy's management team in achieving this amazing
result."  Headquartered in Dallas, Texas, Oncor is a regulated
electric transmission and distribution service provider, serving
more than 11 million Texans.  Sempra Energy is a Fortune 500 energy
services holding company based in San Diego, California, with 2017
revenues of more than US$11 billion.  Including Oncor, the Sempra
Energy companies' approximately 20,000 employees serve 43 million
consumers worldwide.  Sempra Energy includes San Diego Gas &
Electric, Southern California Gas Company, Sempra South American
Utilities, Sempra Mexico, Sempra Renewables, Sempra LNG &
Midstream and a majority stake in Oncor.

The White & Case team that advised on the transaction was co-led by
partners Thomas Lauria, Gregory Pryor, Christopher Shore and Eric
Leicht, who were assisted by partners Matthew Brown,
Michael Deyong, David Dreier, Daniel Hagan, Henrik Patel and Andrew
Weisbearg, and associates Adam Cieply, Alexandra Tremblay, Joseph
Pack, Jason Woolmer, John Forbush and Shea Thompson.  The closing
of Sempra Energy's acquisition of EFH follows on the heels of the
completion of the acquisition of Calpine Corporation by a
consortium leda by Energy Capital Partners, in which White &
Case represented Calpine.  White & Case is one of the most active
and experienced law firms for both energy M&A transactions and
complex restructuring matters.  The Firm was ranked the #1 Legal
Advisor for Energy, Mining, Oil & Gas in the Americas by deal
value by Mergermarket in 2017 and 2016.  White & Case was also
named Restructuring Firm of the Year by both the International
Financial Law Review and The M&A Advisor in 2017.

                       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


FARNAN INC: Court Inks Approval on Cash Collateral Stipulation
--------------------------------------------------------------
The Hon. Carlota M. Bohm of the U.S. Bankruptcy Court for the
Western District of Pennsylvania inked her approval of the
Stipulation between Farnan, Inc., and creditor First Commonwealth
Bank regarding use of cash collateral, nunc pro tunc from the
commencement of the bankruptcy case through June 4, 2018.

As of the Petition Date, the Debtor was obligated to First
Commonwealth Bank in the total amount of $55,467.  The
loan/indebtedness are collateralized and secured by a perfected
security interest in the PLCB Liquor License No. R-8767, all of the
Debtor's inventory, chattel, paper, accounts, equipment, fixtures
and general intangibles.

First Commonwealth Bank has agreed to allow the Debtor to use its
cash collateral through June 4, 2018, to pay ordinary and necessary
business expenses, based on the Debtor's belief that continuing to
operate the Business is in the best interests of the bankruptcy
estate and its creditors.

As adequate protection, First Commonwealth Bank will receive weekly
payments in the amount of $200, as well as certain replacement
liens and waiver of claims as detailed in the Stipulation.

In addition, First Commonwealth Bank is granted security interests
in all of the personal property assets of the Debtor which are or
have been acquired, generated or received by the Debtor subsequent
to the Petition Date. The replacement liens will have the same
validity, priority and extent as the liens on cash collateral that
existed at the time of the commencement of the Debtor's bankruptcy
case.

The Debtor will maintain all postpetition and debtor-in-possession
bank accounts with First Commonwealth Bank.  Furthermore, the
Debtor will immediately close any and all other bank accounts that
it may have and deposit the entirety of the remaining balances in
said accounts into its debtor-in-possession accounts to be
maintained at First Commonwealth Bank.

The Debtor will permit representatives of First Commonwealth Bank
to inspect the Property and all accounting and financial records of
the Debtor from time to time during normal business hours.
Additionally, the Debtor and its counsel will also provide such
additional financial or other information concerning the acts,
conduct, property, assets, liabilities, operations and financial
condition and transactions of the Debtor, or concerning any matter
that may affect the administration of the Debtor's estate.

The Debtor will continue to maintain, with financially sound and
reputable insurance companies, insurance of the king covering the
Property and/or the cash collateral in accordance with the loan
documents, as the same may be acceptable to First Commonwealth Bank
and the Office of the U.S. Trustee.

The Debtor will make any and all payments necessary to keep the
Property and/or cash collateral in good repair and condition and
not permit or commit any waste thereof.

A full-text copy of the Stipulation is available at

              http://bankrupt.com/misc/pawb18-20378-46.pdf

Counsel for Farnan Inc.:

         Christopher M. Frye, Esq.
         Steidl & Steinberg
         Suite 2830 Gulf Tower
         707 Grant Street
         Pittsburgh, Pennsylvania 15219
         Telephone: 412-391-8000
         Facsimile: 412-391-0221
         E-mail: chris.frye@steidl-steinberg.com

Counsel for First Commonwealth Bank:

         Roger P. Poorman, Esq.
         Preston D. Jaquish, Esq.
         McGrath McCall, P.C.
         Four Gateway Center, Suite 1040
         444 Liberty Avenue
         Pittsburgh, Pennsylvania 15222
         Telephone: 412-281-4333
         Facsimile: 412-281-2141
         E-mail: rpoorman@lenderlaw.com
                 pjaquish@lenderlaw.com

                      About Farnan Inc.

Farnan Inc., operator of a bar/restaurant known as the Village Inn,
filed a Chapter 11 petition (Bankr. W.D. Pa. Case No. 18-20378) on
Feb. 1, 2018.  The Debtor is represented by Christopher M. Frye,
Esq. at Steidl & Steinberg.


FC GLOBAL: Aborts Deal to Purchase 3 Properties in Mississippi
--------------------------------------------------------------
FC Global Realty Incorporated and RETPROP I, LLC, its newly-formed
subsidiary, terminated the Agreement for Purchase and Sale of Real
Property with three Mississippi limited liability companies - DG
Union, LLC, DG Moselle, LLC, and DG Ellisville, LLC.  As reported
in a Current Report on Form 8-K filed Feb. 21, 2018, the Company
had entered into the Purchase and Sale Agreement on Feb. 14, 2018
under which RETPROP I would have acquired three properties located
in the State of Mississippi, one from each Seller.  The termination
occurred near the end of the due diligence period; the initial
earnest money deposit of $50,000 will be refunded to the Company.

RETPROP I had also entered into a Right of First Refusal Agreement
with five other Mississippi limited liability companies in
conjunction with the Purchase and Sale Agreement; that First
Refusal Agreement has likewise been terminated.

                      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.


FILBIN LAND: Taps St. James Law as New Legal Counsel
----------------------------------------------------
Filbin Land & Cattle Co., Inc., seeks approval from the U.S.
Bankruptcy Court for the Eastern District of California to hire St.
James Law, P.C. as its new legal counsel.

The firm will assist the Debtor in preparing its plan of
reorganization; evaluate claims of creditors; assist in the
possible sale of its properties; evaluate its secured debts and
assist in negotiations regarding their restructuring or
satisfaction; and provide other legal services related to the
Debtor's Chapter 11 case.

St. James Law will replace Macdonald Fernandez LLP, the firm
initially hired by the Debtor as its bankruptcy counsel.

Michael St. James, Esq., the attorney who will be handling the
case, charges an hourly fee of $625.

Mr. St. James and his firm do not hold or represent any interests
adverse to the Debtor, according to court filings.

The firm can be reached through:

     Michael St. James, Esq.
     St. James Law, P.C.
     22 Battery Street, Suite 888
     San Francisco, CA 94111
     Phone: (415) 391-7566
     Fax: (415) 391-7568
     Email: michael@stjames-law.com

                  About Filbin Land & Cattle Co.

Filbin Land & Cattle Co., Inc., is a privately-held company in
Patterson, California, engaged in the cattle business.  It is a
merchant wholesaler of raw farm products.

Filbin Land & Cattle Co. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Cal. Case No. 18-90030) on Jan. 17,
2018.  In the petition signed by Jeffery Edward Arambel, president
and CEO, the Debtor estimated assets of $1 million to $10 million
and liabilities of $50 million to $100 million.  

Judge Ronald H. Sargis presides over the case.  

The Debtor proposed to hire St. James Law P.C. as its bankruptcy
counsel.


FINJAN HOLDINGS: Israel Seed Sells $2 Million Worth of Shares
-------------------------------------------------------------
Israel Seed IV, L.P., Israel Venture Partners 2000 Limited and Neil
Cohen reported via a Schedule 13D/A filed with the Securities and
Exchange Commission that as of March 12, 2018, they beneficially
own 987,682 shares of common stock of Finjan Holdings Inc.,
constituting 3.56% of the shares outstanding.  Israel Seed sold, in
multiple transactions, 631,400 shares of Aytu Bioscience's common
stock on the open market on March 8, 2018, at an average price of
$3.1353.  A full-text copy of the regulatory filing is available at
https://is.gd/PQEL4X

                         About Finjan

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

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

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


FIRESTAR DIAMOND: Seeks Approval for Interim Use of Cash Collateral
-------------------------------------------------------------------
Firestar Diamond, Inc., and Fantasy, Inc. seek approval from the
U.S. Bankruptcy Court for the Southern District of New York for
interim use of cash collateral of Israel Discount Bank of New York
("IDB") and HSBC Bank USA, National Association, in accordance with
the budget.

As of the Petition Date, the amount due and owing from the Borrower
Debtors to IDB in connection with the IDB Revolving Credit Facility
was approximately $8,600,000, and the amount due and owing from the
Borrower Debtors to HSBC in connection with the HSBC Loan Facility
was approximately $11,400,000, for a total amount owed under the
Loan Facility of approximately $20,000,000.

Obligations due and owing by the Debtors to the Prepetition Lenders
in connection with the Loan Facility are secured by the IDB
Prepetition Liens and the HSBC Prepetition Liens on all of the
currently existing or hereafter acquired right, title and interest
of the Debtors in and to the collateral, constituting all of the
assets of the Debtors.

The Prepetition Lenders will be adequately protected by the
Prepetition Collateral.  As a result of the Prepetition Liens on
all of their assets, the Borrower Debtors submit that the
Prepetition Lenders have a significant equity cushion based on the
total value of all the Prepetition Collateral. On a going-forward
basis, the Borrower Debtors will also be able to adequately protect
the Prepetition Lenders through future revenues.

Moreover, the Borrower Debtors propose only paying those amounts
that are absolutely necessary to maintain their business and
operations until such time as a sale transaction can be consummated
for the benefit of the Prepetition Lenders and all parties in
interest.

The proposed Interim Order provides for adequate protection in the
form of valid, binding, enforceable, non-avoidable and
automatically-perfected replacement liens and security interests on
the Borrower Debtors' prepetition and post-petition assets with the
same validity and priority and to the same extent as the
Prepetition Liens in the Prepetition Collateral. Moreover, as set
forth in the Interim Order, to the extent that the adequate
protection being granted fails to protect the Prepetition Lenders
against any diminution in the value of their Prepetition
Collateral, the Prepetition Lenders are to receive a superpriority
administrative expense claim pursuant to section 507(b) of the
Bankruptcy Code.

Additionally, in consideration of the Debtors' continued use of
cash collateral in accordance with the Budget and/or the Debtors'
use, sale, depreciation, or disposition of the Prepetition
Collateral, the Prepetition Lenders will receive $2,000,000 and all
proceeds payable upon a sale or other disposition of Prepetition
Collateral and/or Postpetition Collateral, net of fundings required
to make payments in accordance with the Budget and such payments
will be applied by the Prepetition Lenders as a permanent reduction
of the Prepetition Debt in accordance with the Prepetition
Financing Documents.

The proposed Interim Order also includes these termination events:


      (a) Entry of an order by the Court converting or dismissing
the Bankruptcy Cases or appointing a chapter 11 trustee;

      (b) Failure of the Debtors to perform or comply with any term
or provision of the Interim Order, including without limitation the
Budget;

      (c) Entry of an order that stays, reverses, vacates, amends,
or rescinds any of the terms of the Interim Order;

      (d) Financing on a pari passu basis with the liens or claims
of the Prepetition Lenders;

      (e) Filing of a motion to obtain financing that does not pay
the Prepetition Lenders in full;

      (f) Failure to maintain retention of the CRO or to terminate
the CRO without first engaging a successor acceptable to the
Prepetition Lenders;

      (g) Engagement in any transaction with a non-debtor affiliate
or involving an amount greater than $100,000 without the consent of
the CRO;

      (h) Failure to file Bidding Procedures by March 23, 2018;

      (i) Failure to obtain entry of an order approving the Bidding
Procedures by March 27, 2018;

      (j) Entry of an order authorizing a sale of substantially all
assets that does not pay the Prepetition Lenders in full;

      (k) Entry of the Final Order without the waivers, Adequate
Protection Liens or Superpriority Claims provided in the Interim
Order or entry of an order limiting the priority of the Prepetition
Lenders' liens or rights;

      (l) Ceasing operations; or

      (m) A material adverse change or material misrepresentation
in reporting.

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

           http://bankrupt.com/misc/nysb18-10509-13.pdf

                      About Firestar Diamond

Firestar Diamond Inc. procures, designs, manufactures, and
distributes diamond-studded jewelry.  Firestar Diamond's operations
span the USA, Europe, the Middle East, the Far East and India.  The
Company employs over 1200 people. Firestar Diamond has offices in
Mumbai, Surat, New York, Chicago, Johannesburg, Antwerp, Yerevan,
Dubai, and Hong Kong.  A. Jaffe, Inc., a subsidiary of Firestar
Diamond, designs and manufacturers wedding rings and wedding
bands.

Firestar Diamond, Inc., A. Jaffe, Inc., and Fantasy, Inc., sought
Chapter 11 protection (Bankr. S.D.N.Y. Case Nos. 18-10509 to
18-10511) on Feb. 26, 2018. Joint administration of these cases has
been requested.

Firestar Diamond estimated assets and debt of $50 million to $100
million.

The Hon. Sean H. Lane is the case judge.

Ian R. Winters, Esq., at Klestadt Winters Jureller Southard &
Stevens, LLP, serves as counsel to the Debtors. The Debtor hires
Getzler Henrich & Associates LLC and appoints Mark Samson, the
firm's managing director, as chief restructuring officer.


FOGO DE CHAO: S&P Assigns 'B' CCR Amid Acquisition by Rhone Capital
-------------------------------------------------------------------
Rhone Capital is acquiring U.S. and Brazilian churrascaria
(Brazilian steakhouse) restaurant operator Fogo de Chao Inc. in a
$550 million leveraged buyout.

S&P Global Ratings is assigning its 'B' corporate credit rating to
Dallas-based Fogo De Chao Inc. The outlook is stable.

S&P said, "At the same time, we assigned our 'B' issue-level and
'3' recovery ratings to Fogo's proposed senior secured debt,
consisting of a $40 million cash flow revolver facility due in 2023
and a $300 million term loan due in 2025. The '3' recovery rating
indicates our expectation for meaningful (50%-70%; rounded
estimate: 55%) recovery in the event of a payment default."

The ratings on Fogo reflect its position as a small player in the
intensely competitive fine-dining segment of the restaurant
industry, single-brand focus with limited ability to pass through
price increases, and exposure to fluctuations in commodity prices
and currency headwinds in Brazil. S&P also believes there are some
execution risks associated with the company's recent and planned
strategic initiatives to improve operating performance under its
new ownership structure. These factors are somewhat offset by the
company's participation in the highly differentiated Brazilian
churrasco dining experience and S&P's view of the company's more
favorable labor economics. Fogo sources efficient labor
internationally through its visa programs, which could help
weathering rising labor wages.

S&P said, "The stable outlook reflects our expectation for
relatively stable operating performance and credit metrics over the
next 12 months, with adjusted debt to EBITDA to remain in the mid-
to high-5x area and interest coverage ratio in the high-2x area. We
base this forecast on some net unit growth and adequate sources of
liquidity.

"We could consider a downgrade if operating performance and credit
measures deteriorate meaningfully below our base-case expectations,
such that leverage increases to over 6.5x and EBITDA interest
coverage declines below 2x. Events that could cause a downgrade
include a sharp deterioration in operating performance or
significant changes in financial policy that leads to large
debt-financed dividends.  

"An upgrade is unlikely over the next 12 months, given the
company's relatively small operation and ownership by financial
sponsors that dictate financial policy. Still, we could raise the
ratings if the company meaningfully builds scale while successfully
executing on a prudent growth strategy, resulting in debt to EBITDA
sustaining below 5x and FFO to debt above 15%, with such trends
supported by the company's financial policy."


FREDERICKSBURG PARK: Has $10M Offer for Virginia Property
---------------------------------------------------------
Fredericksburg Park, LLC, asks the U.S. Bankruptcy Court for the
Eastern District of Virginia to authorize the sale of several
contiguous or nearly contiguous parcels of effectively undeveloped
real estate located in Fredericksburg, Virginia to Kettler Real
Estate Acquisitions, LLC for $9,950,000.

The Debtor's sole tangible assets consist of the Property.  Apart
from a small real property tax liability, the secured debt on the
Property consists of secured debt in favor of Telegraph Hill
Investments, LLC and its related party David Horstick, in the total
amount due of approximately $4.1 million.

As a result of arms length negotiations with the Purchaser, the
Debtor has entered into the Contract, whereby it has agreed to sell
the Property to the Purchaser for the total purchase price of
$9,950,000.  There is no real estate agent's commission due on the
sale.

The study period has now expired and the Contract is now final and
binding, subject only to two contingencies related to utility
easements that are expected to be satisfied prior to the closing
date.  There are no financing contingencies.  The closing would
take place not later than March 31, 2018, provided the Court enters
an Order approving the proposed sale, or dismisses the bankruptcy
case (the latter is the Debtor's preferred approach).

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

    http://bankrupt.com/misc/Fredericksburg_Park_78_Sales.pdf

The sale of the Property to Purchaser will produce sufficient net
proceeds to pay all creditors in full.  The Debtor asks the Court
to authorize the disbursement from the proceeds of sale at closing
to pay all liens and closing costs, including adjustment of real
estate taxes to the date of settlement.

The Debtor has a sound business reason for selling the Property to
the Purchaser.  The Debtor lacks the resources to develop the
property itself, and has marketed the Property to several potential
purchasers and investors, with the offer being the highest and best
offer not subject to untenable contingencies, risks, expenses and
delays.

The Purchaser:

          KETTLER REAL ESTATE ACQUISITIONS, LLC
          8255 Greensboro Drive, Suite 200
          McLean, VA 22102
          Attn: Sean Curtin, Esq.
          E-mail: scurtin@kettler.com

The Purchaser is represented by:

          James C. Brennan, Esq.
          REED SMITH LLP
          7900 Tysons One Place, Suite 500
          McLean, VA 22102
          E-mail: jbrennan@reedsmith.com

The Creditor:

          TELEGRAPH HILL INVESTMENTS, LLC
          c/o Horstick Developments, Inc.
          P.O. Box 41190
          Fredericksburg, VA 22404-1190

                   About Fredericksburg Park

Based in Stafford, Virginia, Fredericksburg Park LLC sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va.
Case No. 17-32287) on May 2, 2017.  In the petition signed by
Andrew S. Garrett, president of Garrett Development Corporation,
the Debtor estimated its assets and debt at $1 million to $10
million.  The case is assigned to Judge Keith L. Phillips.  The
Debtor hired Chung & Press P.C. and Goodall, Pelt, Carper & Norton
P.C., as legal counsel.


FTE NETWORKS: Uplisted to NYSE American
---------------------------------------
FTE Networks, Inc. posted on March 12, 2018 an investor
presentation to its website http://ir.ftenet.com/. A copy of the
investor presentation is available for free at:

                       https://is.gd/RQF1EJ

FTE disclosed that it is entering 2018 with significant momentum:

  - approximately $320 million revenue runrate

  - backlog of approximately $419 million as of Sept. 30, 2017

  - uplisted to NYSE American in December 2017

  - announced approximately $160 million new contract/project
    awards in Q4 2017

  - awarded contract to "Enable the Edge" of Industry City

  - announced approximately $108 million contracts/awards for 2018
    YTD

                        About FTE Networks

Formerly known as Beacon Enterprise Solutions Group, FTE Networks,
Inc. -- http://www.ftenet.com/-- is a provider of innovative
technology-oriented solutions for smart platforms, network
infrastructure and buildings.  FTE's three complementary businesses
are FTE Network Services, CrossLayer, Inc. and Benchmark Builders,
Inc.  Together they provide end-to-end design, build and support
solutions for state-of-the-art networks and commercial properties
to create the most transformative smart platforms and buildings.
FTE's businesses are predicated on smart design and consistent
standards that reduce deployment costs and accelerate delivery of
innovative projects and services.  The company works with Fortune
100/500 companies, including some of the world's leading
communications services providers.  FTE Networks and its
subsidiaries support multiple services, including Data Center
Infrastructure, Fiber Optics, Wireless Integration, Network
Engineering, Internet Service Provider, General Contracting
Management and General Contracting.  FTE Networks is based in
Naples, Florida.

FTE Networks reported a net loss attributable to common
shareholders of $6.31 million on $12.26 million of revenues for the
year ended Dec. 31, 2016, compared to a net loss attributable to
common shareholders of $3.63 million on $14.38 million of revenues
for the year ended Sept. 30, 2015.  As of Sept. 30, 2017, FTE
Networks had $149.8 million in total assets, $133.2 million in
total liabilities and $16.55 million in total stockholders' equity.


FULTON MARKET: Court Okays Interim Use of Cash Collateral
---------------------------------------------------------
The Hon. Jack B. Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois gave Fulton Market Cold Storage
Company, L.L.C., authority, on an interim basis, to use the cash
collateral of MB Financial Bank, N.A.

MB Financial made a loan to the Debtor as evidenced by: (a)
Revolving Credit Note dated Aug. 7, 2008, in the amount of
$750,000; (b) Term Credit Note dated Aug. 7, 2008, in the principal
amount of $1,790,000; and (c) Loan Agreement dated Aug. 7, 2008.

MB Financial holds a valid and property perfected first priority
security interest in and lien on all of the Debtor's business
assets, including without limitation, all personal property
including accounts of the Debtor.

Under the Court's order, the Debtor is allowed to use cash
collateral based on the approved budget which shows projected gross
income of $289,806 and total expenses at $250,310.

To the extent there is a diminution in the interest of MB Financial
in the collateral after the Petition Date, MB Financial is granted,
retroactive to the Petition Date and without the necessity of any
additional documentation or filings, valid, enforceable,
non-avoidable, and fully perfected replacement lines to the same
validity, extent, and priority as MB Financial's preexisting liens
upon (i) any property that the Debtor acquires after the Petition
Date, but excluding any avoidance actions under chapter 5 of the
Bankruptcy Code, and (ii) any proceeds generated from such
property.

The Court also ordered the Debtor to make payments to MB Financial
amounting to $10,000 per month, payable on the 15th date of each
month with the first payment due March 15, 2018.

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

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

                About Fulton Market Cold Storage

Based in Lyons, Illinois, Fulton Market Cold Storage Company,
L.L.C. -- http://www.hasakcs.com/-- provides refrigerated
warehousing and storage services.  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).

The company filed a Chapter 11 petition (Bankr. N.D. Ill. Case No.
18-04964) on Feb. 23, 2018.  The case is presided by the Hon. Hon.
Jack B. Schmetterer with John M Holowach, Esq., at the Law Office
of John M. Holowach, representing the Debtor.  At the time of
filing, the Debtor estimated assets between $500,000 to $1 million
and estimated liabilities of $1 million to $10 million.


FULTON MARKET: Needs Access to Cash Collateral Through May 8
------------------------------------------------------------
Fulton Market Cold Storage Company, L.L.C., asks the U.S.
Bankruptcy Court for authority to use cash collateral on an interim
and final basis to fund ordinary and necessary costs and expenses
of operations in the amounts, and to the extent set forth in the
projected budget.

The Debtor seeks to use cash collateral, limited to the amounts,
and for the purposes, set forth on the Budget, for the 60-day
period beginning on March 9, 2018 and terminating on May 8, 2018
and to use cash collateral to the extent set forth in the Budget,
as the same may be revised by agreement, after the date of the
final hearing.

As reflected in the Budget, the Debtor intends to use the cash
collateral to fund essential expenses relating to operating and
maintaining the business. Additionally, the Debtor intends to use
cash collateral to fund payroll and related expenses which will
help generate revenue going forward.

The Debtor believes that MB Financial Bank, N.A., as successor to
Cole Taylor Bank (together with its successors and assigns), is the
only party holding an interest in cash collateral of the Debtor and
agrees to the Debtor's use of cash collateral.

Prior to the Petition date, the Debtor and MB Financial entered
into a certain (i) Revolving Credit Note pursuant to which MB
Financial agreed to make a revolving loan to the Borrower in the
maximum principal amount of $750,000; (ii) Term Credit Note in the
original principal amount of $1,790,000; and (iii) Loan Agreement.

MB Financial maintains a first priority security interest in and
lien on substantially all of the Debtor's assets pursuant to that
certain Security Agreement and Deposit Pledge Agreement. As such,
MB Financial holds an interest in the cash collateral held in the
accounts of the Debtor.

The Debtor will be required to move all cash to accounts controlled
by MB Financial, MB Financial will be entitled to additional liens
on the Debtor's post-petition property or any proceeds from such
property to the extent of any diminution in value of MB Financial's
collateral (or, if necessary, an administrative claim) and the Bank
will receive cash payments in an amount to be determined prior to
the beginning of the Interim Period.

The Debtor believes that it will always maintain, for the duration
of any cash collateral usage period, cash in such accounts in
excess of MB Financial's liens and in excess of amounts owed by the
Debtor to MB Financial under the Revolving Loan. However, to the
extent that there is any diminution in value in MB Financial's
collateral, the Debtor requests that MB Financial be granted
additional adequate protection in the form of replacement liens on
post-petition property or the proceeds of any such property, cash
payments in an amount still to be determined, and, to the extent
necessary, an allowed administrative claim pursuant to section
507(b) of the Bankruptcy Code.

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

          http://bankrupt.com/misc/ilnb18-04964-20.pdf

                   About Fulton Market Cold
                     Storage Company, L.L.C.

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).

Fulton Market filed a Chapter 11 petition (Bankr. N.D. Ill. Case
No. 18-04964), on Feb. 23, 2018.  In the petition signed by Amit
Hasak, managing member, the Debtor estimated $500,000 to $1 million
in assets and $1 million to $10 million in liabilities.  Judge Jack
B. Schmetterer is the case judge.  The Law Office of John M.
Holowach is the Debtor's counsel.


GARY ENGLISH: Selling Winter garden and Orlando Properties
----------------------------------------------------------
Gary Michael English asks the U.S. Bankruptcy Court for the Middle
District of Florida to authorize the sale of some or all of the
following real property: (a) some or all of the following parcels
of contiguous property consisting of approximately 17 acres: (i) 7
Orange Avenue, Winter Garden, Florida ("Parcel 1"), approximately
12.5 acres, including the Debtor's homestead, to Voice of Healing
Outreach, Inc. for $2.6 million; (ii) 17812 West Colonial Drive,
Winter Garden, Florida ("Parcel 2"), approximately 4 acres of
vacant land; and (iii) Orange Avenue, Winter Garden, Florida
("Parcel 3"), approximately half an acre of vacant land; and (b)
5242 South Orange Avenue, Orlando, Florida ("Parcel 4").

The liens against the Property may be asserted as follows:

     a. Bankers Lending Co., LLC  asserts a claim in the
approximate amount of $2.1 million, secured by the Contiguous
Property.

     b. Centennial Bank asserts a claim in the approximate amount
of $434,536, secured by Parcel 4.

     c. Claims for property taxes have been asserted as follows:
(i) 2015: Parcel 4 - $9,005; (ii) 2016: Parcel 4 - $9,276; (iii)
2017: (A) Parcel 1 - $22,387, (B) Parcel 2 - $6,225, and (C) Parcel
4 - $8,637.

The Debtor proposes to sell some or all of the Property pursuant to
one of more Sale Contracts.  He has entered into the Primary
Contract with Voice of Healing, dated Jan. 9, 2018, for sale of a
portion of Parcel 1.  The sale price under the Primary Contract is
$2.6 million.  The Debtor has received a non-refundable deposit in
the amount of $175,000.

Notwithstanding the Primary Contract, the Debtor is soliciting
higher and better offers for the Property, in whole or in part,
subject to his proposed Sale Procedures.

The salient terms of the Sale Procedures are:

     a. Bid Deadline: 5:00 p.m. (ET) on the date that is 10 days
before the hearing to consider sale of the Property

     b. Deposit: 10% of the purchase price proposed by the Bidder

     c. If one or more Qualified Offers are received, then in the
discretion of the Debtor, an auction will be conducted for the
Property.  The Debtor will provide notice of any Auction at least
two business days before the Auction to all parties who have
submitted a Qualified Offer.

     d. Sale Hearing: At the hearing to consider approval of the
sale, the Debtor will ask that the Bankruptcy Court: (i) approves
the highest and best offer as designated by the Debtor and
applicable sale agreement; and (ii) authorizes him to consummate
the proposed transaction.

     e. AS IS: The proposed transfer of the Property, in whole or
in part, will be on an "as is, where is" basis and without
representations or warranties of any kind, nature, or description
by the Debtor, his agents or his estate, except to the extent set
forth in the applicable purchase agreement of each Qualified Offer
as accepted by the Debtor and approved by the Bankruptcy Court.
The sale will free and clear of all pledges, liens, security
interests, encumbrances, claims, charges, options and interests.
Any such claim, lien or encumbrance will attach to the net proceeds
of the sale.

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

    http://bankrupt.com/misc/Gary_English_40_Sales.pdf

The Debtor has filed or will file a chapter 11 plan of
reorganization.  The funding source for the plan will be proceeds
from sale of the Property.  The aggregate sale price under the Sale
Contracts will exceed all liens against the Property, including the
disputed lien asserted by Bankers.  The Tax Liens will be paid at
closing and the lien of Bankers will attach to the balance of the
proceeds of sale, pending resolution of the amount of the lien.

The Debtor projects that sale of the Property will be under a plan
confirmed under section 1129 of the Bankruptcy Code and will ask
the Court to find that the sale is not subject to any law imposing
a stamp tax or similar tax.

Given the requirements of the Sale Contracts, and the need to close
the sale as promptly as possible, the Debtor asks that the Court
waives the 14-day stay period.

The Purchaser:

          VOICE OF HEALING OUTREACH, INC.
          4438 Parkway Commerce Blvd.
          Orlando, FL 32503

Counsel for the Debtor:

          David R. McFarlin, Esq.
          FISHER RUSHMER, PA
          390 N. Orange Ave., Suite 2200
          Post Office Box 3753
          Orlando, FL 32802-3753
          Telephone: (407) 843-2111
          Facsimile: (407) 422-1080
          E-mail: dmcfarlin@fisherlawfirm.com

Gary Michael English sought Chapter 11 protection (Bankr. M.D. Fla.
Case No. 18-00142) on Jan. 9, 2018.  The Debtor tapped David R.
McFarlin, Esq., at Fisher Rushmer, PA, as counsel.


GATES COMMUNITY: Taps Dibble & Miller as Legal Counsel
------------------------------------------------------
Gates Community Chapel of Rochester, Inc., seeks approval from the
U.S. Bankruptcy Court for the Western District of New York to hire
Dibble & Miller, P.C., as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; assist in reviewing, estimating and resolving
claims; prepare a plan of reorganization; and provide other legal
services related to its Chapter 11 case.

The firm's attorneys will charge an hourly rate of $300 while
paralegals will charge $180 per hour.

Dibble & Miller will be paid a retainer in the sum of $35,000, plus
$1,717 for the filing fee.  

Mikal Krueger, Esq., at Dibble & Miller, disclosed in a court
filing that the firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

Dibble & Miller can be reached through:

     Mikal J. Krueger, Esq.
     Dibble & Miller, P.C.
     55 Canterbury Rd.
     Rochester, NY 14607
     Tel: 585-271-1500
     Fax: 585-271-0118
     E-mail: mjk@dibblelaw.com

                   About Gates Community Chapel
                        of Rochester Inc.

Gates Community Chapel of Rochester Inc., which conducts business
under the name Freedom Village USA, is a mid-sized religious
organization located in Lakemont, New York.  Founded in 1977, Gates
Community Chapel is an international ministry to young people and
their families.  It claims to be a completely "faith based
ministry" and receives no government support from either the United
States or Canada.  

Gates Community Chapel of Rochester sought protection under Chapter
11 of the Bankruptcy Code (Bankr. W.D.N.Y. Case No. 18-20169) on
Feb. 23, 2018.  In its petition signed by Fletcher A. Brothers,
president, the Debtor estimated assets and liabilities of $1
million to $10 million.  Judge Warren presides over the case.


GENON ENERGY: Files Schedule of Leases to be Assumed & Assigned
---------------------------------------------------------------
BankruptcyData.com reported that GenOn Energy filed with the U.S.
Bankruptcy Court a Fifth Amended Plan Supplement to the Third
Amended Joint Chapter 11 Plan of Reorganization. The supplement
contains the following documents: Exhibit P: schedule of executory
contracts and unexpired leases to be assumed and assigned to Buyer;
Exhibit Q: asset purchase agreement entered into by Debtors NRG
Wholesale Generation and RRI Energy Services, and Kestrel
Acquisition, (an affiliate of Platinum Equity Capital Partners
IV).

                      About GenOn Energy

GenOn Energy, Inc., is a wholesale power generation corporation
with 15,394 megawatts in generating capacity, operating operate 32
power plants in eight states.  GenOn is subsidiary of NRG Energy
Inc., which is a competitive power company that produces, sells and
delivers energy and energy services, primarily in major competitive
power markets in the U.S.

GenOn is the product of two mergers since 2010.  First, on Dec. 3,
2010, two wholesale power generation companies -- RRI Energy, a
company formerly known as Reliant Energy, and Mirant Corporation --
completed an all-stock, tax-free merger with Mirant becoming RRI's
wholly-owned subsidiary.  Following the merger, RRI took its
current name: GenOn.

NRG, through a wholly-owned subsidiary, and GenOn completed a
stock-for-stock merger in a $6 billion deal, with GenOn continuing
as the surviving company on December 14, 2012.  NRG, as
consideration for acquiring GenOn's entire equity, issued 0.1216
shares of NRG common stock for each outstanding share of GenOn.  In
structuring the merger, NRG "ring-fenced" GenOn's debt, leaving
GenOn's creditors without recourse against NRG's assets in the
event of GenOn's default.

As of March 31, 2017, GenOn Energy had $4.81 billion in total
assets, $4.51 billion in total liabilities and $304 million in
total stockholders' equity.

GenOn Energy, Inc. ("GenOn"), GenOn Americas Generation, LLC
("GAG") and 60 of their directly and indirectly-owned subsidiaries
commenced the Chapter 11 cases in Houston, Texas (Bankr. S.D. Tex.
Lead Case No. 17-33695) on June 14, 2017, to implement a
restructuring plan negotiated with stakeholders prepetition.  The
Debtors' cases have been assigned to Judge David R. Jones.

Kirkland & Ellis LLP is the Debtors' bankruptcy counsel.  Zack A.
Clement, PLLC, is the local counsel.  Rothschild Inc. is the
financial advisor and investment banker.  McKinsey Recovery &
Transformation Services U.S. is the restructuring advisor.  Epiq
Systems, Inc., is the claims and noticing agent.

Credit Suisse Securities (USA) LLC serves as GenOn Energy's
financial advisor and investment banker.  

Special Counsel to the GAG Steering Committee is Quinn Emanuel
Urquhart & Sullivan, LLP.  The Steering Committee of GAG
Noteholders is comprised of Benefit Street Partners LLC, Brigade
Capital Management, LP, Franklin Mutual Advisers, LLC, and Solus
Alternative Asset Management LP, each on behalf of itself or
certain affiliates, and/or accounts managed and/or advised by it or
its affiliates.

Counsel to the GenOn Steering Committee and the GAG Steering
Committee are Keith H. Wofford, Esq., Stephen Moeller-Sally, Esq.,
and Marc B. Roitman, Esq., at Ropes & Gray LLP.

Counsel for NRG Energy, Inc., are C. Luckey McDowell, Esq., and Ian
E. Roberts, Esq., at Baker Botts L.L.P.


GENON ENERGY: Seeks to Incorporate Sale Deal with Kestrel in Plan
-----------------------------------------------------------------
BankruptcyData.com reported that GenOn Energy filed with the U.S.
Bankruptcy Court a motion to modify the Third Amended Joint Plan of
Reorganization.  The motion explains, "Out of an abundance of
caution, the Debtors seek to modify the Third Amended Joint Plan of
Reorganization of Genon Energy . . . to incorporate a Third-Party
Sale Transaction, on the terms set forth in that certain asset
purchase agreement, entered into by Debtors NRG Wholesale
Generation and RRI Energy Services, collectively, 'Sellers', and
Kestrel Acquisition (an affiliate of Platinum Equity Capital
Partners IV, the 'Buyer;).  The APA provides for the sale of the
810 MW Hunterstown Generating Facility in Gettysburg, Pennsylvania
for a base purchase price of approximately $498 million.  The
Debtors have obtained the support and agreement of all necessary
parties with rights as to Third-Party Sale Transactions, entry into
which has already been approved pursuant to the confirmed Plan.
Accordingly, the Debtors believe that they are already authorized
to enter into and consummate the APA under the Plan."  The Debtors
also filed with the Court a motion to file under seal certain
confidential information attached to their motion to modify the
Plan.  The Court scheduled an April 5, 2018 hearing to consider
both the modification in plan and seal motion.

                      About GenOn Energy

GenOn Energy, Inc., is a wholesale power generation corporation
with 15,394 megawatts in generating capacity, operating operate 32
power plants in eight states.  GenOn is subsidiary of NRG Energy
Inc., which is a competitive power company that produces, sells and
delivers energy and energy services, primarily in major competitive
power markets in the U.S.

GenOn is the product of two mergers since 2010.  First, on Dec. 3,
2010, two wholesale power generation companies -- RRI Energy, a
company formerly known as Reliant Energy, and Mirant Corporation
-- completed an all-stock, tax-free merger with Mirant becoming
RRI's wholly-owned subsidiary.  Following the merger, RRI took its
current name: GenOn.

NRG, through a wholly-owned subsidiary, and GenOn completed a
stock-for-stock merger in a $6 billion deal, with GenOn continuing
as the surviving company on December 14, 2012.  NRG, as
consideration for acquiring GenOn's entire equity, issued 0.1216
shares of NRG common stock for each outstanding share of GenOn.  In
structuring the merger, NRG "ring-fenced" GenOn's debt, leaving
GenOn's creditors without recourse against NRG's assets in the
event of GenOn's default.

As of March 31, 2017, GenOn Energy had $4.81 billion in total
assets, $4.51 billion in total liabilities and $304 million in
total stockholders' equity.

GenOn Energy, Inc. ("GenOn"), GenOn Americas Generation, LLC
("GAG") and 60 of their directly and indirectly-owned subsidiaries
commenced the Chapter 11 cases in Houston, Texas (Bankr. S.D. Tex.
Lead Case No. 17-33695) on June 14, 2017, to implement a
restructuring plan negotiated with stakeholders prepetition.  The
Debtors' cases have been assigned to Judge David R. Jones.

Kirkland & Ellis LLP is the Debtors' bankruptcy counsel.  Zack A.
Clement, PLLC, is the local counsel.  Rothschild Inc. is the
financial advisor and investment banker.  McKinsey Recovery &
Transformation Services U.S. is the restructuring advisor.  Epiq
Systems, Inc., is the claims and noticing agent.

Credit Suisse Securities (USA) LLC serves as GenOn Energy's
financial advisor and investment banker.  

Special Counsel to the GAG Steering Committee is Quinn Emanuel
Urquhart & Sullivan, LLP.  The Steering Committee of GAG
Noteholders is comprised of Benefit Street Partners LLC, Brigade
Capital Management, LP, Franklin Mutual Advisers, LLC, and Solus
Alternative Asset Management LP, each on behalf of itself or
certain affiliates, and/or accounts managed and/or advised by it or
its affiliates.

Counsel to the GenOn Steering Committee and the GAG Steering
Committee are Keith H. Wofford, Esq., Stephen Moeller-Sally, Esq.,
and Marc B. Roitman, Esq., at Ropes & Gray LLP.

Counsel for NRG Energy, Inc., are C. Luckey McDowell, Esq., and Ian
E. Roberts, Esq., at Baker Botts L.L.P.


GETTY IMAGES: Bank Debt Trades at 4.35% Off
-------------------------------------------
Participations in a syndicated loan under which Getty Images Inc.
is a borrower traded in the secondary market at 95.65
cents-on-the-dollar during the week ended Friday, March 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.55 percentage points from the
previous week. Getty Images pays 350 basis points above LIBOR to
borrow under the $1.9 billion facility. The bank loan matures on
October 3, 2019. Moody's rates the loan 'B3' and Standard & Poor's
gave a 'CCC' rating to the loan. The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday,
March 2.


GLOBAL KNOWLEDGE: Bank Debt Trades at 12.67% Off
------------------------------------------------
Participations in a syndicated loan under which Global Knowledge
Training LLC is a borrower traded in the secondary market at 87.83
cents-on-the-dollar during the week ended Friday, March 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.57 percentage points from the
previous week. Global Knowledge Training LLC pays 550 basis points
above LIBOR to borrow under the $175 million facility. The bank
loan matures on January 30, 2021. Moody's rates the loan 'B2' and
Standard & Poor's gave a 'CCC+' rating to the loan. The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, March 2.


GLYECO INC: Inks Lease Agreement with NFS Leasing
-------------------------------------------------
GlyEco and its wholly owned subsidiary, Recovery Solutions &
Technologies, Inc. previously entered into a master equipment lease
agreement, as modified, with NFS Leasing, Inc. for the lease of
certain equipment by the Company.  The obligations of the Company
to NFS under the Lease Agreement are secured by substantially all
of the assets of GlyEco and RS&T pursuant to two security
agreements between the Lessor and each of GlyEco and RS&T.

On March 1, 2018, the Company and NFS entered into an interim loan
financing agreement with respect to NFS' purchase of new equipment
from a vendor on account of the Company, which is estimated to cost
approximately $150,000.  In connection therewith, the Company will
owe the Equipment Cost to NFS for the lease of the New Equipment by
the Company.  The Loan Agreement provides that the Company will
make certain interest payments to NFS until the Company receives
and accepts the New Equipment.  At such time, the Loan Agreement
will no longer be of any force and effect, the Loan will be subject
only to the Lease Agreement, and the repayment of the Loan will be
governed by the Lease Agreement.  Pursuant to the Loan Agreement,
the GlyEco Security Agreement and the RS&T Security Agreement were
amended and restated to evidence the new obligations under the Loan
Agreement and the security interests in the New Equipment.

                        About GlyEco, Inc.

GlyEco -- http://www.glyeco.com/-- is a specialty chemical
company, leveraging technology and innovation to focus on
vertically integrated, eco-friendly manufacturing, customer service
and distribution solutions.  The Company's eight facilities,
including the recently acquired 14-20 million gallons per year,
ASTM E1177 EG-1, glycol re-distillation plant in West Virginia,
deliver superior quality glycol products that meet or exceed ASTM
quality standards, including a wide spectrum of ready to use
antifreezes and additive packages for antifreeze/coolant, gas patch
coolants and heat transfer fluid industries, throughout North
America.

Glyeco reported a net loss of $2.26 million on $5.59 million of net
sales for the year ended Dec. 31, 2016, compared to a net loss of
$12.45 million on $7.36 million of net sales for the year ended
Dec. 31, 2015.  As of Sept. 30, 2017, GlyEco had $13.68 million in
total assets, $8.86 million in total liabilities and $4.81 million
in total stockholders' equity.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016, citing that the
Company has experienced recurring losses from operations, has
negative operating cash flows during the year ended Dec. 31, 2016,
has an accumulated deficit of $36,815,063 as of Dec. 31, 2016, and
is dependent on its ability to raise capital.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


GMD SERVICES: Seeks Authorization to Use Cash Collateral
--------------------------------------------------------
GMD Services, LLC, asks the U.S. Bankruptcy Court for the District
of Kansas to authorize its postpetition use of cash collateral.

The Debtor is indebted to the First Option Bank and the Internal
Revenue Service. While the Debtor has not fully analyzed the First
Option Bank liens and IRS liens, the Debtor does believe First
Option Bank and IRS hold duly perfected liens on Debtor's accounts
receivable, inventory, and accounts.

The Debtor proposes to provide the First Option Bank and IRS with a
replacement lien in postpetition accounts, accounts receivable, and
inventory in an amount equal to but not to exceed the cash
collateral used and to the extent that use of cash collateral
results in any decrease in the aggregate value of the First Option
Bank's and IRS' liens on Debtor's property on the Petition Date,
Debtor asserts that this postpetition grant of a security interest
in accounts receivable will provide adequate protection to the Bank
and IRS.

The Debtor also proposes to pay $5,169 to First Option Bank as
adequate protection payments beginning April 6, 2018 and the first
of each month thereafter.          

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

          http://bankrupt.com/misc/ksb18-20374-5.pdf

Attorneys for GMD Services, LLC:

            Colin N. Gotham, Esq.
            EVANS & MULLINIX, P.A.
            7225 Renner Road, Suite 200
            Shawnee, KS 66217
            Phone: (913) 962-8700
            Fax: (913) 962-8701
            E-mail: cgotham@emlawkc.com

                       About GMD Services
                                                                   
                                                                   
                                                                   
                                                                   
                                                                   
                                                     GMD Services,
LLC, is a fiber and utility installer with a location at 17140 US
169 Highway, Olathe, KS.  GMD Services filed a voluntary petition
for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Kan.
18-20374) on March 6,   2018.  Colin N. Gotham of Evans & Mullinix,
P.A., is the Debtor's counsel.


GOOD CLOTHING: Wants Court Approval to Use Cash Collateral
----------------------------------------------------------
Good Clothing, Inc., asks the U.S. Bankruptcy Court for the Central
District of California for authority to use cash collateral.

The Debtor disclosed that it owes secured creditor Open Bank an
estimated approximately $1,417,000 with Open Bank having a blanket
lien on all assets of the Debtor. The Debtor is asking the court to
use cash collateral in order to pay expenses under the allowed
budget for the period March 12, 2018, and up to May 28, 2018. Total
income for the period is projected to be $1,160,000 with total
operating expense at $554,907.

The Debtor believes that Open Bank is adequately protected by the
Property, provided it can be sold at its retail value with the
Debtor proposing to pay Open Bank $20,000 per week starting March
21, 2018.  The Debtor will give Open Bank a postpetition
replacement lien on all of its postpetition assets up to the value
of the cash collateral actually used postpetition.

A full-text copy of the Debtor's Motion, along with the proposed
budget, can be viewed at:

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

                      About Good Clothing

Good Clothing, Inc. -- https://www.gslovesme.com/ -- owns and
operates twenty-eight retail stores throughout the greater Los
Angeles area selling primarily women’s clothing, shoes,
cosmetics, fashion jewelry, hats and other related items.

Good Clothing filed for Chapter 11 protection (Bankr. C.D. Cal.
Case No. 18-12496) on March 7, 2018.  At the time of its filing,
the Debtor revealed bank accounts amounting to $21,200 with
inventory having a present value of $1.3 million.  As of the
Chapter 11 filing, the Debtor revealed that it owes secured
creditor Open Bank approximately $1,417,000.  M. Jonathan Hayes,
Esq., Matthew D. Resnik, Esq., Roksana D. Moradi, Esq., at SIMON
RESNIK HAYES LLP, in Sherman Oaks, California, serve as counsel tot
he Debtor.


GRAND DAKOTA PARTNERS: Exit Plan to Pay Unsecureds in Full in 1 Yr
------------------------------------------------------------------
General unsecured creditors of Grand Dakota Partners LLC and Grand
Dakota Hospitality LLC will receive full payment of their claims
under the companies' proposed plan to exit Chapter 11 protection.

The reorganization plan proposes to pay creditors holding allowed
Class 7 general unsecured claims in full within 365 days of the
effective date of the plan.

Class 7 is impaired and general unsecured creditors are entitled to
vote on the plan.

The companies will use funds generated from the operations of the
Ramada Grand Dakota Lodge and Conference Center in Dickinson, North
Dakota, to pay general unsecured creditors.

Aside from the provision for the full payment of general unsecured
creditors, the plan also contains two other key provisions.  

First, the mortgage loans will be modified so that the companies
will obtain financial relief through reamortization and other
modifications to the terms for the repayment of the loans.  This
will defer and restructure payments due to American Bank Center
while ABC will retain its mortgage liens on the hotel and security
interests in personal property assets.  The modification of the
mortgage loans will provide the companies with financial stability
while they are restructuring operations.

Second, Grand Dakota Partners will reject the Kinseth Management
Agreement and will engage a new hotel operations management
company, according to the companies' disclosure statement filed
with the U.S. Bankruptcy Court for the District of North Dakota.

A copy of the disclosure statement is available for free at
http://bankrupt.com/misc/ndb17-30535-131.pdf

                 About Grand Dakota Partners

Grand Dakota Partners, LLC, owns the Ramada Grand Dakota Hotel
Dickinson located near Prairie Hills Mall.  The hotel's rooms and
suites have Serta beds, flat-screen TVs, and free WiFi.  It also
has an indoor pool, hot tub and fitness center.  The hotel also
features an onsite restaurant, barber shop, lounge, and
14,000-square-feet of conference space.

Affiliated debtors Grand Dakota Partners, LLC, and Grand Dakota
Hospitality, LLC (Bankr. D.N.D. Case Nos. 17-31184 and 17-31185)
each filed for Chapter 11 bankruptcy protection on July 20, 2017.
The petitions were signed by Stephen D. Barker, president, Cibix
Management, Inc., the managing member of the Debtors.

Grand Dakota Partners estimated its assets and liabilities at
between $10 million and $50 million each.  Grand Dakota Hospitality
estimated its assets at up to $50,000 and liabilities at between
$10 million and $50 million.

Judge Laura T. Beyer presides over the case.

Bradley E. Pearce, Esq., at Pearce Law PLLC, serves as the Debtors'
bankruptcy counsel.


GREAT FALLS DIOCESE: $295K Sale of Billings Property to Hanson OK'd
-------------------------------------------------------------------
Judge Jim D. Pappas of the U.S. Bankruptcy Court for the District
of Montana authorized the private sale by The Roman Catholic Bishop
of Great Falls, Montana, a Religious Corporate Sole (Diocese of
Great Falls), of Our Lady of Guadalupe Church building and
residential real property located in Billings, Yellowstone County,
Montana to Hanson Development, LLC for $295,000.

After payment of costs of title insurance and closing costs, all
net sale proceeds will be paid to the Diocese and deposited in a
segregated interest bearing account, separate from all other DIP
accounts, and that said sale proceeds will not be withdrawn from
that account without further order of the Court.  Approval of the
Order is not determinative of the interests of Mary Queen of Peace
Parish.

All of the estate's rights and remedies, including actions under
Bankruptcy Code Sections 554-550, applicable to the real property
sold pursuant to the Motion are applicable to the net proceeds of
the sale.

                  About Roman Catholic Bishop of
                       Great Falls, Montana

The Roman Catholic Bishop of Falls, Montana, a Montana Religious
Corporate Sole, also known as the Diocese of Great Falls-Billings
-- http://www.dioceseofgfb.org/-- filed a Chapter 11 bankruptcy  
petition (Bankr. D. Mont. Case No. 17-60271) on March 31, 2017.  

In the petition signed by Bishop Michael W. Warfel, the Debtor
disclosed $20.75 million in total assets and $14.78 million in
total liabilities as of the bankruptcy filing.

The Hon. Jim D. Pappas presides over the case, which was originally
assigned to Judge Benjamin P. Hursh.

Bruce Alan Anderson, Esq., at Elsaesser Jarzabek Anderson Elliott &
MacDonald, CHTD.; and Gregory J. Hatley, Esq., at Davis Hatley
Haffeman & Tighe PC, serve as counsel to the Debtor.

NAI Business Properties and Matt Robertson have been employed as
realtor.

Pachulski Stang Ziehl & Jones LLP is counsel to the official
committee of unsecured creditors formed in the Debtor's case.


GREAT WESTERN PETROLEUM: Fitch Assigns First-Time LT IDR
--------------------------------------------------------
Fitch Ratings has assigned a first-time Long-Term Issuer Default
Rating (IDR) of 'B-' to Great Western Petroleum, LLC. The Rating
Outlook is Stable.  

Great Western's ratings reflect the company's growing production in
the DJ Basin, a competitive cost structure leading to solid
netbacks, a hedging policy that supports development funding, and
expectations of manageable leverage throughout its growth period.
These considerations are offset by the company's small production
size and anticipated negative free cash flow throughout the
forecast.

KEY RATING DRIVERS

Small, Growing Production: Great Western is a small, growing single
basin producer in the DJ Basin with average first nine months 2017
production of approximately 14.7 mboe/d. Fitch expects strong
production growth for Great Western over the forecasted period, up
to approximately 28 mboe/d in 2018 and over 40 mboe/d in 2019.
Great Western's nearly 60,000 acres should provide adequate room to
grow over the medium term without the need to acquire substantially
more acreage.

Recent operational setbacks, including offset operator frac hits
and delayed takeaway buildout from its midstream provider, caused
production to be approximately 7 mboe/d lower than anticipated in
the third quarter of 2017. This highlights the potential cash flow
risk associated with the company's small size and limited
diversification. Fitch believes the 2018 drilling plan will help
mitigate production risk given its proximity to existing gathering
and takeaway infrastructure.

Acquisition Positive to Credit Profile: In January 2018, Great
Western announced the acquisition of 11,000 acres in the core of
their current footprint, creating a relatively large blocky area to
develop. The $284 million purchase price is expected to be funded
with equity; the deal is expected to close in April 2018. The
acquisition increases the company's long-lateral development
options, which is anticipated to improve capital efficiency and
margins over the medium term. The acquired acreage also has about
60 permits and adequate midstream takeaway in place, which will
allow Great Western to quickly commence drilling activities.

Competitive Economics, Deep Inventory: Great Western has solid full
cycle unit economics under Fitch's current base case price deck
despite relatively high WTI oil differentials that averaged around
$6/bbl in the first three quarters of 2017. Great Western indicated
approximately 80% of their locations, pre-acquisition, have IRRs
greater or equal to 10% at $45 WTI oil and $3 gas, suggesting a
deep inventory of economic wells at current pricing. Fitch
estimates Great Western's 2017 full-cycle break-even is around
$42/bbl WTI, assuming $2.75/mcf gas. Recent well designs cost 50%
less than in 2014 on a 1 mile lateral and have shown encouraging
results with initial production above Great Western's normalized
type curve. These newer well designs have the potential to further
improve the economics of Great Western's reserves.

Hedge Program Supports Growth: Great Western intends to maintain a
three-year rolling hedging strategy that targets 75% of oil
production for the next 12 months, 50% for 12 to 24 months out, and
25% for 24 to 36 months out. The hedges are a mix of swaps and
collars providing moderate pricing upside at Fitch's commodity
price assumptions of $50/barrel oil and $3/mcf gas in 2018. As of
Sept. 30, 2017, hedges cover about 87% of Fitch's expected oil
production in 2018 and approximately 76% in 2019. Natural gas
production is also well hedged in 2018, with hedges protecting
approximately 62% of expected volume. Fitch believes the hedge
position supports Great Western's growth plans.

Cash Flow Outspend Expected: Fitch expects Great Western to have
negative free cash flow throughout the forecast as the company
invests to grow production to over 40mboe/d in 2019. Fitch
forecasts negative free cash flow of approximately $137 million in
2018, with the deficit funded primarily with debt. Fitch notes that
the sponsors have been supportive in providing acquisition or
growth capital. The sponsors have provided about $700 million in
equity injections since the company's inception, including the
purchase price of the new acquisition.

Strong Metrics for the Rating: Fitch anticipates debt/EBITDA to
stay under 2.5x throughout the forecast. Fitch's base case
forecasts 2018 debt/EBITDA of 2.1x and debt/flowing barrel of
$18,162, which are strong for the rating category.

DERIVATION SUMMARY

Great Western's 'B-' rating largely reflects its small average
production size of approximately 15.6 mboe/d for third-quarter 2017
and limited diversification, which generally heightens cash flow
risk. The current production size is comparable to, but smaller
than, Permian-focused Resolute Energy Corporation (B-/Stable;
approximately 25.1 mboe/d average in 2017, including the recently
divested Aneth Field) and Cleveland-Tonkawa and Merge-focused Jones
Energy, Inc. (CCC/Negative Watch; approximately 23.3 mboe/d average
in 2017). Great Western is also smaller in both production and
acreage than DJ Basin peer Extraction Oil & Gas, Inc. (B+/Stable)
at 51.8 mboe/d of production for 2017, but has a similar growth-
and leverage-linked rating trajectory. Great Western's debt/EBITDA
is expected to remain in the 2.0x to 2.5x range throughout the
forecast, similar to peer, Resolute Energy. Great Western's
financial flexibility is viewed as a credit strength, and contrasts
to Jones Energy's limited financial flexibility.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case for the Issuer:
-- Base case WTI oil prices trending up from $50/per barrel (bbl)

    in 2018 to a long-term price of $55/bbl;
-- Base case natural gas trending up from $3.00/thousand cubic
    feet of gas (mcf) in 2018 to a long-term price of $3.25/mcf;
-- Price differential of -$5/bbl and -$.30/mcf to WTI and Henry
    Hub from 2018 - 2020;
-- Average production in 2018 at 28.1mboe/d, with a slowing
    growth rate thereafter;
-- Cash flow deficit largely funded with debt proceeds.

Fitch's recovery analysis for Great Western used both an asset
value based approach on observed transactions of like assets and a
going-concern (GC) approach, with the following assumptions:

Transactional and asset based valuations, such as recent
transactions for the DJ Basin and basins of similar economics on a
$/acre and $/drilling location basis as well as SEC PV-10
estimates, were used to determine a reasonable sales price for the
company's assets. Using valuations from DJ Basin sales and sales
from basins with similar economics, Fitch assigned an asset value
of approximately $775 million to the oil and gas properties.

Assumptions for the going-concern approach include:
-- Fitch assumed a bankruptcy scenario exit EBITDA of $175 million.
The EBITDA estimate takes into account a prolonged commodity price
downturn ($40/WTI and $2/mcf gas in 2018 and 2019 moving towards
$45/WTI and $2.50mcf gas in 2020) causing lower than-expected
production and potential liquidity constraints as the borrowing
base is re-determined downwards.

-- GC enterprise value (EV) multiple of 5.3x versus a historical
energy sector exit multiple of 6.3x. The multiple is reflective of
Great Western's footprint in the DJ Basin, which is smaller,
somewhat scattered and provides less growth opportunity than some
peers with larger positions. The acquisition does provide for
additional blocky acreage enabling additional longer laterals
mitigating some of these concerns.

The recovery estimate is based on a net enterprise value of
approximately $827 million, after a 10% reduction for
administrative claims. In accordance with Fitch's "Non-Financial
Corporates Notching and Recovery Ratings Criteria," the $315
million senior secured credit facility is expected to be fully
drawn at the time of bankruptcy and is assigned a 'BB-'/'RR1'
rating, indicating 91% to 100% recovery given default. The rating
on the unsecured notes due 2021, is capped at 'B+'/'RR2', due to
the potential for additional priority debt beyond the current $315
million secured credit facility prior to default.

RATING SENSITIVITIES

Developments that May, Individually or Collectively, Lead to
Positive Rating Action
-- Continued realization of improving well economics post-
    acquisition and maintenance of operational momentum;
-- Sustained average production of 40mboe/d to 50mboe/d;
-- Continued maintenance of mid-cycle Debt/EBITDA at or below
    3.0x.
-- Positive rating actions are possible over the next 12 to 24
    months if the company demonstrates an ability to mitigate
    operational risks leading to sustained production growth in
    the range of 40mboe/d to 50mboe/d, while maintaining
    financial flexibility.

Developments that May, Individually or Collectively, Lead to
Negative Rating Action
-- Disruption in operational momentum resulting in production
    materially below 15 mboepd for an extended period of time;
-- Interest Coverage approaching 1.2x.

LIQUIDITY

Adequate Liquidity: As of Sept. 30, 2017, liquidity was $267
million, consisting of $17 million in cash and $250 million in
revolver availability. Subsequent to quarter-end, the company
amended and restated its credit facility, extending the maturity
from June 2019 to March 2021; increased the committed amount from
$250 million to $750 million and increased the borrowing base from
$250 million to $315 million for a pro-forma liquidity of $332
million. The borrowing base will have annual redeterminations in
April, with additional redeterminations at the request of the
lenders or Great Western. Fitch expects continued development and
production growth, along with the recently acquired acreage, will
help support future borrowing base increases, providing adequate
liquidity over the forecast period.

Extended Maturities: Great Western has an extended maturity
schedule until 2021, when the revolver matures at the end of March
and the $300 million notes mature in September. The credit facility
will be automatically extended to October 25, 2022 if the bonds are
repaid or refinanced prior to March 30, 2021 and the debt maturity
of the refinanced bonds is greater than six months after Oct. 25,
2022.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following first-time ratings:

Great Western Petroleum, LLC
-- Long-Term IDR 'B-';
-- Senior Secured Credit Facility 'BB-'/'RR1';
-- Senior Unsecured Notes 'B+'/'RR2'

The Rating Outlook is Stable.



GULF FINANCE: Bank Debt Trades at 8.42% Off
-------------------------------------------
Participations in a syndicated loan under which Gulf Finance LLC is
a borrower traded in the secondary market at 91.58
cents-on-the-dollar during the week ended Friday, March 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.83 percentage points from the
previous week. Gulf Finance pays 525 basis points above LIBOR to
borrow under the $1.15 billion facility. The bank loan matures on
August 25, 2023. Moody's rates the loan 'B3' and Standard & Poor's
gave a 'B+' rating to the loan. The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday,
March 2.


HBCU PROPERTIES: Sale of Stone Mountain Property Denied as Moot
---------------------------------------------------------------
Judge Mary Grace Diehl of the U.S. Bankruptcy Court for the
Northern District of Georgia denied as moot HBCU Properties, LLC's
short sale of the real property located at 4877 Pine Shadows Drive,
Stone Mountain, Georgia to Howard Schwartz or his assigns for
$100,000.

A hearing on the Motion was held on March 8, 2018.  At the hearing,
the counsel for the Debtor represented that the Debtor was not
prepared to go forward with the Motion because the sale had fallen
through.

                    About HBCU Properties

HBCU Properties LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 17-54172) on March 6,
2017.  In the petition signed by L. Dean Heard, its manager, the
Debtor estimated assets of less than $500,000 and liabilities of
less than $100,000.  Judge Mary Grace Diehl presides over the
case.
The Debtor tapped Gregory Bailey, Esq., at Atty. Greg T. Bailey &
Associates, as legal counsel.


HCR MANORCARE: Seeks Consensual Use of Cash Collateral
------------------------------------------------------
HCR ManorCare, Inc., seeks authorization from the U.S. Bankruptcy
Court for the District of Delaware to use cash collateral, on a
consensual basis, in order to pay its expenses during this Chapter
11 Case.

Before the commencement of this Chapter 11 Case, HCR ManorCare
executed that certain Subordinated Secured Demand Note in favor of
non-debtor affiliate HCR Home Health Care and Hospice, LLC ("HCR
Hospice" and, in its capacity as an intercompany lender). The
Prepetition Affiliate Note provides for a $25,000,000 subordinated
secured loan to the Debtor, the proceeds of which will be used to
pay the administrative expenses of this Chapter 11 Case as
expressly permitted by the terms of the Prepetition Credit
Agreement.

HCR Hospice is the borrower under the Prepetition Credit Agreement
with RD Credit, LLC, as administrative agent and collateral agent,
and the Debtor is a guarantor of the Affiliate Lender's obligations
thereunder. As of the Petition Date, there was approximately
$550,000,000 of aggregate principal amounts outstanding under the
Prepetition Credit Facility. The security interests in the Debtor's
personal property granted to HCR Hospice under the Prepetition
Affiliate Note are subordinate in all respects to the security
interests of RD Credit in such property under the Prepetition
Credit Agreement.

Concurrently with its Cash Collateral Motion, the Debtor also filed
a prepackaged plan of reorganization and a related disclosure
statement.

The Debtor contends that continued access to the proceeds of the
Affiliate Loan is necessary to effectuate its consensual,
prepackaged restructuring through this Chapter 11 Case. The
proceeds of the Affiliate Loan constitute cash collateral of the RD
Credit and HCR Hospice, which hold a first-priority and
second-priority security interest in such property, respectively.

Accordingly, the Debtor is proposing to provide the following to
the Prepetition Secured Parties:

       (a) Allowed administrative expense claims against the Debtor
with priority over any and all other administrative claims against
the Debtor;

       (b) The Debtor will pay adequate protection payments to the
Prepetition First Lien Secured Parties, to the extent incurred
prior to the Petition Date, and thereafter, the actual, reasonable
and documented fees and expenses incurred in connection with the
Chapter 11 Case, whether incurred before or after the Petition
Date, by the Prepetition First Lien Secured Parties;

       (c) RD Credit, for the benefit of itself and the Prepetition
First Lien Lenders, and HCR Hospice (subject to the Affiliate
Pledge) will be granted additional and replacement valid, binding,
enforceable, non-avoidable, and effective and automatically
perfected post-petition security interests and liens solely to the
extent of any actual Diminution in Value: (i) a junior lien on and
security interest in all prepetition and postpetition property of
the Debtor, and (ii) a senior priming security interest in and lien
on the Prepetition Collateral and all of the Debtor's now owned and
hereafter acquired real and personal property.

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

           http://bankrupt.com/misc/deb18-10467-9.pdf

                      About HCR ManorCare

Headquartered in Toledo, Ohio, HCR ManorCare, Inc. --
https://www.hcr-manorcare.com/ -- is a national healthcare provider
that, through certain non-debtor providers, operates a network of
more than 450 locations nationwide across these business segments:
(a) skilled nursing and inpatient rehabilitation facilities (SNFs),
memory care facilities, and assisted living facilities; (b) hospice
and home health care agencies; and (c) outpatient rehabilitation
clinics and other ancillary healthcare and related businesses.  The
company has approximately 50,000 employees in full- and part-time
positions.

HCR ManorCare sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Case No. 18-10467) on March 4, 2018, with a
deal in which its landlord, Quality Care Properties Inc., will take
control of the company.

In the petition signed by CRO John R. Castellano, the Debtor
disclosed $4.264 billion in assets and $7.118 billion in
liabilities as of Dec. 31, 2017.

Judge Kevin Gross presides over the case.

The Debtor hired Sidley Austin LLP as bankruptcy counsel; Young,
Conaway, Stargatt & Taylor LLP as Delaware counsel; Moelis &
Company LLC as investment banker; AP Services LLC as financial
advisor; and Epiq Bankruptcy Solutions, LLC as its claims and
noticing agent.


HHH CHOICES: Committee Taps Bragar, Fishman as Litigation Counsel
-----------------------------------------------------------------
The official committee of unsecured creditors of Hebrew Hospital
Senior Housing, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to hire Bragar Eagel &
Squire, P.C., and Fishman Haygood, LLP as special litigation
counsel.

The firms will represent the committee in a case captioned Official
Committee of Unsecured Creditors of Hebrew Hospital Senior Housing,
Inc. v. Mary Frances Barrett, et al., Adv. No. 17-01240.  The case
seeks damages from the respondents' alleged breach of fiduciary
duties and gross negligence in managing the Debtor.

Bragar and Fishman will get 35% of the gross amount of any
collection, settlement or judgment in the committee's favor arising
from the rendering of the firms' services.

Both firms are "disinterested" as defined in section 101(14) of the
Bankruptcy Code, according to court filings.

Bragar can be reached through:

     Lawrence P. Eagel, Esq.
     Bragar Eagel & Squire, P.C.
     885 Third Avenue, Suite 3040
     New York, NY 10022
     Tel: (212) 308-5858
     Fax: (212) 486-0462
     E-mail: eagel@bespc.com

Fishman can be reached through:

     Brent B. Barriere, Esq.
     Fishman Haygood, LLP
     201 St. Charles Avenue, Suite 4600
     New Orleans, LA 70170-4600
     Phone: (504) 556-5525
     Fax: (504) 586-5250
     E-mail: bbarriere@fishmanhaygood.com

                 About HHH Choices Health Plan

Three alleged creditors owed about $1.9 million submitted an
involuntary Chapter 11 petition for HHH Choices Health Plan, LLC,
on May 4, 2015 (Bankr. S.D.N.Y. Case No. 15-11158) in Manhattan.

The petitioners are The Royal Care, Inc., (allegedly owed
$772,762), Amazing Home Care Services ($1,178,752), and InterGen
Health LLC ($42,298), all claiming that they are owed by the Debtor
for certain services rendered. They all tapped Marc A. Pergament,
Esq., at Weinberg, Gross & Pergament, LLP, in Garden City, New
York, as counsel.

With the consent from the board of directors, HHH Choices filed a
notice of consent to order for relief on June 1, 2015, and an order
for relief was entered on June 22, 2015. HHH Choices was engaged in
operating a managed long-term care program ("MLTCP"). HHH Choices,
which essentially was a health insurance maintenance plan, sold its
business in 2015.

On Dec. 9, 2015, Hebrew Hospital Senior Housing, Inc., commenced a
Chapter 11 case (Bankr. S.D.N.Y. Case No. 15-13264). HHSH is
engaged in the sponsorship and operation of a 120-unit continuing
care retirement community ("CCRC") with ancillary components
consisting of; a 20 bed skilled nursing facility ("SNF"), which
includes an adult day healthcare program ("ADHCP"), and a 10-bed
enriched housing unit. These programs are commonly known as,
Westchester Meadows and Fieldstone.

On Jan. 8, 2016, Hebrew Hospital Home of Westchester, Inc.,
commenced a Chapter 11 Case (Case No. 16-10028). HHHW's
predecessor, Hebrew Hospital Home, Inc. owned and operated a
480-bed skilled nursing facility located in the Bronx.  In 1998,
HHHW opened a new 160-bed facility situated at 61 Grasslands Road,
Valhalla, New York. HHHW sold the Bronx SNF in 2007 and the
Westchester SNF in mid-2015. HHHW no longer has any active business
operations.  However, it still has responsibilities to wind-up its
affairs, including finishing any remaining billing and processing,
filing reports with regulatory agencies and closing its books and
records.  The true-up process and final reconciliation with the
purchasers of the Westchester SNF is incomplete.

The Debtors sought and obtained an order directing joint
administration of their cases under Case No. 15-11158.

Judge Michael E. Wiles oversees the cases.

Mary Frances Barrett is president of all of the Debtors.

The Debtors tapped Harter Secrest & Emery LLP as counsel and
Getzler Henrich & Associates LLC as financial advisor.

The Office of the U.S. Trustee appointed five creditors of HHH
Choices to serve on an official committee of unsecured creditors.

The HHH Choices Committee tapped Farrell Fritz, P.C., as counsel.

William K. Harrington, U.S. Trustee for Region 2, appointed five
creditors of ebrew Hospital Home of Westchester Inc., an affiliate
of HHH Choices Health Plan LLC, to serve on an official committee
of unsecured creditors.  The Hebrew Hospital Committee tapped Duane
Morris as counsel and Alston & Bird LLP as counsel.

                          *     *     *

Hebrew Hospital Home of Westchester, Inc., and the Official
Committee of Unsecured Creditors of the Debtor filed a joint
Chapter 11 plan of liquidation on Aug. 10, 2017.

The Official Committee of Unsecured Creditors of HHH Choices Health
Plan, LLC, filed a Chapter 11 plan of liquidation for the Debtor on
Aug. 15, 2017.

The Official Committee of Unsecured Creditors of Hebrew Hospital
Senior Housing, Inc., hired Bragar Eagel & Squire, P.C., as special
litigation counsel.


HHH FARMS: $500K Sale of Cattle & Planter to HHH Cattle Approved
----------------------------------------------------------------
Judge Brenda T. Rhoades of the U.S. Bankruptcy Court for the
Eastern District of Texas authorized HHH Farms, LLC's sale of all
of the cattle it presently owns (approximately 530 head of cattle
(cows, calves and bulls)) as well as a 2007 John Deere Planter to
HHH Cattle, LLC for $500,000.

The sale is free and clear of all liens, claims, interests and
encumbrances (other than liens that secure year 2017 and 2018 ad
valorem property taxes plus all interest and penalties thereon,
which will remain attached to the Cattle and Planter), with all
such Liens attaching to the cash proceeds of the sale.

The proceeds from the sale of the Cattle and Planter will be
disbursed to the Secured Lenders as provided in the Confidential
Settlement Agreement.

The Debtor will pay the sum of $4,875 from the sales proceeds to
the Office of the United States Trustee for the quarterly fees due
and owing for the first quarter of 2018 no later than five business
days after the sale is consummated.

To the extent necessary to consummate the sale or to pay the
persons designated by the Order, the stay provisions of Bankruptcy
Rule 6004(h) is waived and upon entry of the Order, the Debtor and
the Buyer may immediately consummate the sale of the Cattle and
Planter, subject to fulfillment of the conditions stated.

                      About HHH Farms LLC

HHH Farms, LLC is engaged in crop farming and is a small business
debtor as defined in 11 U.S.C. Section 101(51D).  HHH Farms sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.
Tex. Case No. 17-41795) on Aug. 20, 2017.  In the petition signed
by Scott Hartwell, president, the Debtor estimated assets of less
than $50,000 and liabilities of $1 million to $10 million.  Judge
Brenda T. Rhoades presides over the case.


HOOK LINE: U.S. Trustee Forms Three-Member Committee
----------------------------------------------------
Gregory M. Garvin, Acting U.S. Trustee for Region 18, on March 13
appointed three creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case of Hook Line & Sinker,
Inc.

The committee members are:

     (1) Teya Technologies LLC
         Attn: Ron Perry  
         101 E. 9th Avenue, Suite 9B
         Anchorage, AK 99501
         Tel: (907) 339‐4901
         E-mail: ron.perry@teyatech.com

     (2) Southern Glazers Wine & Spirits of Alaska
         Attn: Marsha Dettorre
         11400 SE 8th Street, Suite 300
         Bellevue, WA 98004
         Tel: (425) 456‐3526
         E-mail: marsha.dettorre@odomcorp.com

     (3) Carl F. Brady, Jr.
         1833 Bob Atwood Way  
         Anchorage, AK 99517
         Tel: (907) 279‐6711
         E-mail: c.f.brady@hotmail.com

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and financial
affairs.  Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

Hook Line & Sinker, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. D. Alaska Case No. 17-00415).


HOUGHTON MIFFLIN: Bank Debt Trades at 6.25% Off
-----------------------------------------------
Participations in a syndicated loan under which Houghton Mifflin
Harcourt Publishers Inc. is a borrower traded in the secondary
market at 93.75 cents-on-the-dollar during the week ended Friday,
March 2, 2018, according to data compiled by LSTA/Thomson Reuters
MTM Pricing. This represents a decrease of 0.79 percentage points
from the previous week. Houghton Mifflin pays 300 basis points
above LIBOR to borrow under the $800 million facility. The bank
loan matures on May 29, 2021. Moody's rates the loan 'Caa2' and
Standard & Poor's gave a 'B+' rating to the loan. The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, March 2.


HS GROUP: S&P Lowers CCR to 'B-' on Potential Leverage Increase
---------------------------------------------------------------
Financial sponsor HGGC, LLC has announced a definitive agreement to
acquire the software businesses of HS Group Holdings Inc. (doing
business as Help/Systems) from financial sponsor HIG Capital, LLC.


S&P Global Ratings is lowering its long-term corporate credit
rating on Eden Prairie, Minn.-based HS Group Holdings Inc.
(Help/Systems) to 'B-' from 'B'. The outlook is stable.

S&P said, "At the same time, we are assigning a 'B-' issue-level
rating and '3' recovery rating to subsidiary HS Purchaser LLC's
proposed $40 million first-lien secured revolving credit facility
due 2023 and proposed $495 million first-lien secured term loan due
2025. The '3' recovery rating indicates our expectation for
meaningful (50%-70%; rounded estimate: 60%) recovery in the event
of payment default.

"We are also assigning a 'CCC' issue-level rating and '6' recovery
rating to the proposed $200 million second-lien term loan due 2026.
The '6' recovery rating indicates our expectation for negligible
(0%-10%; rounded estimate: 5%) recovery in the event of payment
default."

The downgrade of Help/Systems reflects the meaningful increase in
leverage following its proposed sale to financial sponsor, HGGC,
LLC. S&P said, "We project that Help/Systems' adjusted pro forma
leverage will be in the high-7x range for 2018. We anticipate
leverage will decrease moderately over the coming year as the
company realizes benefits from recent acquisitions. However, its
leverage is unlikely to decline meaningfully, given the company's
history of funding numerous tuck-in acquisitions through free
operating cash flow (FOCF). For the year ended Dec. 31, 2017, we
anticipate HelpSystems will increase organic revenues in the mid-
to high–single-digit percentages, based on strong bookings and
renewals."

The stable outlook reflects adjusted pro forma leverage in the
high-7x range over the next 12 months that we expect will moderate
as benefits from recent acquisitions. It also reflects S&P's
expectation that the company will continue to generate annual FOCF
above $40 million annually.

S&P said, "We could lower ratings in the next 12 months if the
company experiences a decline in customer renewals because of
competitive pressure. We could also consider a downgrade if the
company pursues debt-financed shareholder returns, acquisitions
that lead to negative FOCF, or experiences constrained liquidity as
a result of an unsustainable capital structure.

"A higher rating is unlikely over the next 12 months given
Help/Systems' sponsor ownership and continued use of cash for
acquisitions. Longer term, we could raise the rating if leverage is
sustained below 7x."



HS PURCHASER: Moody's Assigns B3 CFR; Outlook Stable
----------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating
(CFR) and B3-PD Probability of Default Rating (PDR) to HS Purchaser
LLC following the announcement of its $1.1 billion leveraged
buyout. Concurrently, Moody's assigned a B2 rating to the company's
proposed $535 million senior secured first lien credit facility
($40 million revolver and $495 million term loan) and a Caa2 rating
to the proposed $200 million senior secured second lien term loan.
The ratings outlook is stable.

Proceeds from the proposed debt financing, along with new and
rollover equity will be used to fund a buyout of HelpSystems by
HGGC, LLC and Pamplona Capital Management, LLP (New Sponsors) from
HIG Capital, LLC and Split Rock Capital, LLC (Existing Sponsors),
refinance existing debt, and pay transaction fees and expenses.
Existing Sponsors, along with the current management, will remain
invested in the company. At closing, HGGC, LLC will own
approximately 70% of the pro forma equity and have control of the
board. The ratings of the pre-LBO company, including the B2 CFR and
instrument ratings, are not affected and will be withdrawn upon
closing of the transaction and repayment of existing debt.

HS Purchaser, LLC is an acquisition vehicle that will be merged
with and into HS Group Holdings, Inc. upon closing of the
transaction, with HS Group Holdings, Inc. being the surviving
entity and obligor under the new capital structure.

HelpSystems' very high funded debt and leverage, small operating
scale with product revenue concentration and reliance on the IBM i
platform for approximately 60% of its revenue are key credit
factors negatively affecting the company's ratings. The
contemplated transaction will increase the company's pro forma
debt-to-EBITDA leverage by 2.5x, from 5.2x to 7.7x (Moody's
adjusted and incorporating annualized EBITDA from recent
acquisitions) as of December 31, 2017. Moody's expects
debt-to-EBITDA leverage to remain above 7.0 times over the next
12-18 months.

Moody's assigned the following ratigns:

Issuer: HS Purchaser, LLC:

-- Corporate Family Rating at B3

-- Probability of Default Rating at B3-PD

-- $40 million senior secured first lien revolving credit
    facility due 2023 at B2 (LGD3)

-- $495 million senior secured first lien term loan due 2025 at
    B2 (LGD3)

-- $200 million senior secured second lien term loan due 2026 at
    Caa2 (LGD5)

-- Outlook at Stable

The assignment of ratings remains subject to Moody's review of the
final terms and conditions of the proposed financing transaction
that is expected to close by end of March 2018, as well as receipt
of the final 2017 audit. Moody's anticipates all of the corporate
and instrument ratings at HS Group Holdings, Inc. and Help/Systems
Holdings, Inc. (the predecessor entities) including the B2 CFR will
be withdrawn upon completion of the proposed transaction and
repayment of existing debt.

RATINGS RATIONALE

HelpSystems' B3 CFR reflects the company's highly leveraged capital
structure following the LBO, its limited operating scale with
revenue concentration, offset by its highly recurring subscription
and maintenance revenue streams that lead to predictable EBITDA and
cash flow generation. HelpSystems' high customer retention rates
lend visibility into the company's revenue streams, of which
approximately 72% were derived from high-margin maintenance and
support and subscription contracts as of December 31, 2017. Though
the company lacks the scale of some of its larger competitors in
the IT operations management tools market (ITOM), HelpSystems has
maintained a strong niche position within the IBM i market. The
applications for the IBM i platform tend to be custom-tailored to
the user's needs, which creates a high degree of difficulty for
enterprise or SMB customers to migrate to other platforms. While
the server count in the IBM i market is declining 1-2% annually,
this decline is more than offset by the growth in data consumption
and attach rates. Furthermore, HelpSystems has been outperforming
the market as a whole by continuing to develop its core systems
management and automation products as well as expanding
cybersecurity and other offerings, and developing and expanding its
international sales channels. Moody's anticipates the company will
deleverage from currently elevated levels as a result of EBITDA
growth and, to a lesser extent, debt repayment, but debt-to-EBITDA
leverage is expected to remain above 7.0 times over the next 12-18
months. Moody's expects the company to remain acquisitive and
pursue tuck-in acquisitions to support its strategic growth plan.
HelpSystem's strong EBITDA margins and minimal capital spending
should drive free cash flow of $25-30 million on an annual basis
over the next 12-18 months.

The stable rating outlook reflects Moody's view that the company's
credit metrics will improve over the next 12-18 months from the pro
forma LBO levels, such that debt-to-EBITDA (Moody's adjusted) will
trend towards 7.0 times. Moody's also anticipates that HelpSystems
will maintain good liquidity, including free cash flow-to-debt in
the low-to-mid single digits.

Moody's could upgrade the ratings if debt reduction combined with
sustained earnings growth leads to a material improvement in credit
metrics, such that debt-to-EBITDA (Moody's adjusted) leverage is
maintained below 6.5 times, and free cash flow to debt levels were
maintained at over 5%.

The ratings could be downgraded if HelpSystems experiences a
material loss of clients, market share erosion and/or competitive
pricing pressures that lead to revenue decline or low free cash
flow. Quantitatively, the ratings could be downgraded if the
company's debt-to-EBITDA (Moody's adjusted) leverage exceeds 8.0
times on other than a temporary basis or free cash flow-to-debt at
breakeven levels.

HelpSystems, based in Eden Prairie, MN provides IT management and
security software tools, primarily for IBM i users. Following the
completion of the leveraged buyout, HelpSystems will be majority
owned by HGGC, LLC, with remaining shares held by Pamplona Capital
Management, LLP, HIG Capital, LLC, Split Rock Capital, LLC and
management. HelpSystems had pro forma revenues of approximately
$174 million in the last twelve months ended December 31, 2017.


HUMANIGEN INC: Appoints Robert Savage to Board of Directors
-----------------------------------------------------------
Humanigen, Inc., has appointed Robert G. Savage, MBA, to its board
of directors.  Mr. Savage will serve as chair of the Compensation
Committee and as a member of the Audit Committee.

"We are very excited to welcome Bob to our board of directors,
where his vast leadership experience from the board room to the
biopharmaceutical front lines will benefit Humanigen's ongoing
evolution into a company in the field of chimeric antigen receptor
T cell (CAR-T) therapy," said Cameron Durrant, M.D., chairman and
chief executive officer of Humanigen.  "Bob's expertise will help
guide us as we work to maximize the value of our portfolio of novel
monoclonal antibodies, particularly for the potential to make CAR-T
therapy safer, better and more routine."

Mr. Savage is a seasoned executive with more than 40 years of
experience in marketing, sales, drug development, operations and
business development in the pharmaceutical and biotechnological
industries.  Moreover, Mr. Savage has served on 12 boards over two
decades helping to guide companies and organizations, both public
and private.  He most recently served on the board of directors for
Depomed and The Medicines Company.

He has led multinational groups to successfully execute on
corporate strategies to develop, launch and market multiple
pharmaceutical brands with sales exceeding $4 billion.  Currently,
Mr. Savage is the president, chief executive officer and chairman
of Strategic Imagery, LLC.  He served as group vice president and
president, worldwide general therapeutics & inflammation business,
at Pharmacia Corporation from 2002 until its acquisition by Pfizer.
Prior to his work with Pharmacia, Mr. Savage held leadership
positions at Johnson & Johnson, where he was the worldwide chairman
of the pharmaceuticals group, with prior senior roles at
Ortho-McNeil Pharmaceuticals and Hoffman La-Roche.

"I am delighted to join Humanigen at this exciting time as the
company pursues new science in one of the hottest areas in biotech
today and tries to solve the key unmet need of neurotoxicity
associated with CAR-T," Mr. Savage said.  "At this pivotal stage, I
look forward to adding to this high-performance team and
contributing to the long-term human strategy that helps create
value with the goal of ultimately improving patients' health and
lives."

Mr. Savage earned his MBA in international marketing from Rutgers
University in New Jersey.  He received his BS in biology from
Upsala College.

The Company separately disclosed that its board of directors has
appointed Rainer Boehm to the Audit and Nominating/Corporate
Governance Committees, effective as of March 9, 2018.

                        About Humanigen

Formerly known as KaloBios Pharmaceuticals, Inc., Humanigen, Inc.
(OTCQB: HGEN) -- http://www.humanigen.com-- is a biopharmaceutical
company pursuing cutting-edge science to develop its proprietary
monoclonal antibodies for immunotherapy and oncology treatments.
Derived from the company's Humaneered platform, lenzilumab and
ifabotuzumab are lead compounds in the portfolio of monoclonal
antibodies with first-in-class mechanisms.  Lenzilumab, which
targets granulocyte-macrophage colony-stimulating factor (GM-CSF),
is in development as a potential medicine to make chimeric antigen
receptor T-cell (CAR-T) therapy safer and more effective, as well
as a potential treatment for rare hematologic cancers such as
chronic myelomonocytic leukemia (CMML) and juvenile myelomonocytic
leukemia (JMML).  Ifabotuzumab, which targets Ephrin type-A
receptor 3 (EphA3), is being explored as a potential treatment for
glioblastoma multiforme (GBM) and other deadly cancers, as well as
a platform for creation of CAR-T and bispecific antibodies.
Humanigen is based in Brisbane, California.

KaloBios filed a voluntary petition for bankruptcy protection under
Chapter 11 of Title 11 of the United States Bankruptcy Code (Bankr.
D. Del. Case No. 15-12628) on Dec. 29, 2015.  The Company was
represented by Eric D. Schwartz of Morris, Nichols, Arsht &
Tunnell.  KaloBios emerged from Chapter 11 bankruptcy six months
later.

HORNE LLP, in Ridgeland, Mississippi, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, noting that the Company has recurring losses
from operations that raise substantial doubt about its ability to
continue as a going concern.

KaloBios reported a net loss of $27.01 million in 2016 following a
net loss of $35.37 million in 2015.  As of Sept. 30, 2017,
Humanigen had $2.56 million in total assets, $24.14 million in
total liabilities and a total stockholders' deficit of $21.57
million.


HUMANIGEN INC: Cancels Stock Purchase Deal with Aperture
--------------------------------------------------------
Humanigen, Inc. has notified Aperture Healthcare Ventures Ltd. of
the Company's decision to terminate a Common Stock Purchase
Agreement, dated as of Aug. 23, 2017, pursuant to which Aperture
had agreed to provide the Company with an equity line of credit.
The Company has not sold nor does it intend to sell any shares
pursuant to the equity line of credit, according to a Form 8-K
filed with the Securities and Exchange Commission.

                      About Humanigen

Formerly known as KaloBios Pharmaceuticals, Inc., Humanigen, Inc.
(OTCQB: HGEN), -- http://www.humanigen.com-- is a
biopharmaceutical company pursuing cutting-edge science to develop
its proprietary monoclonal antibodies for immunotherapy and
oncology treatments.  Derived from the company's Humaneered
platform, lenzilumab and ifabotuzumab are lead compounds in the
portfolio of monoclonal antibodies with first-in-class mechanisms.
Lenzilumab, which targets granulocyte-macrophage colony-stimulating
factor (GM-CSF), is in development as a potential medicine to make
chimeric antigen receptor T-cell (CAR-T) therapy safer and more
effective, as well as a potential treatment for rare hematologic
cancers such as chronic myelomonocytic leukemia (CMML) and juvenile
myelomonocytic leukemia (JMML).  Ifabotuzumab, which targets Ephrin
type-A receptor 3 (EphA3), is being explored as a potential
treatment for glioblastoma multiforme (GBM) and other deadly
cancers, as well as a platform for creation of CAR-T and bispecific
antibodies.  Humanigen is based in Brisbane, California.

KaloBios filed a voluntary petition for bankruptcy protection under
Chapter 11 of Title 11 of the United States Bankruptcy Code (Bankr.
D. Del. Case No. 15-12628) on Dec. 29, 2015.  The Company was
represented by Eric D. Schwartz of Morris, Nichols, Arsht &
Tunnell.  KaloBios emerged from Chapter 11 bankruptcy six months
later.

HORNE LLP, in Ridgeland, Mississippi, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, noting that the Company has recurring losses
from operations that raise substantial doubt about its ability to
continue as a going concern.

KaloBios reported a net loss of $27.01 million in 2016 following a
net loss of $35.37 million in 2015.  As of Sept. 30, 2017,
Humanigen had $2.56 million in total assets, $24.14 million in
total liabilities and a total stockholders' deficit of $21.57
million.


HUMANIGEN INC: CFO Jester Will Get an Annual Salary of $310,000
---------------------------------------------------------------
The Board of Directors of Humanigen, Inc., authorized the Company
to enter into an employment agreement with Jon G. Jester, the
Company's chief financial officer.  The Agreement provides for an
initial annual base salary for Mr. Jester of $310,000, as well as
eligibility for an annual bonus targeted at 50% of his salary based
on the achievements of objectives set and agreed to by the Board.
That bonus may be a mix of cash and stock, as determined by the
Board in its sole discretion.  Mr. Jester is entitled to
participate in the Company's benefit plans available to other
executives, including its retirement plan and health and welfare
programs.

Under the Agreement, Mr. Jester is entitled to receive certain
benefits upon termination of employment under certain
circumstances.  If the Company terminates Mr. Jester's employment
for any reason other than "Cause", or if Mr. Jester resigns for
"Good Reason" (each as defined in the Agreement), Mr. Jester will
receive twelve months of base salary then in effect and the amount
of the actual bonus earned by Mr. Jester under the agreement for
the year prior to the year of termination, pro-rated based on the
portion of the year Mr. Jester was employed by the Company during
the year of termination.

The Agreement additionally provides that if Mr. Jester resigns for
Good Reason or the Company or its successor terminates his
employment within the three month period prior to and the 12 month
period following a Change in Control (as defined in the Agreement),
the Company must pay or cause its successor to pay Mr. Jester a
lump sum cash payment equal to one and a half (1.5) times (a) his
annual salary as of the day before his resignation or termination
plus (b) the aggregate bonus received by Mr. Jester for the year
preceding the Change in Control or, if no bonus was received, at
minimum 50% of the target bonus.  In addition, upon such a
resignation or termination, all outstanding stock options held by
Mr. Jester will immediately vest and become exercisable.

                        About Humanigen

Formerly known as KaloBios Pharmaceuticals, Inc., Humanigen, Inc.
(OTCQB: HGEN), -- http://www.humanigen.comis a biopharmaceutical
company pursuing cutting-edge science to develop its proprietary
monoclonal antibodies for immunotherapy and oncology treatments.
Derived from the company's Humaneered platform, lenzilumab and
ifabotuzumab are lead compounds in the portfolio of monoclonal
antibodies with first-in-class mechanisms.  Lenzilumab, which
targets granulocyte-macrophage colony-stimulating factor (GM-CSF),
is in development as a potential medicine to make chimeric antigen
receptor T-cell (CAR-T) therapy safer and more effective, as well
as a potential treatment for rare hematologic cancers such as
chronic myelomonocytic leukemia (CMML) and juvenile myelomonocytic
leukemia (JMML).  Ifabotuzumab, which targets Ephrin type-A
receptor 3 (EphA3), is being explored as a potential treatment for
glioblastoma multiforme (GBM) and other deadly cancers, as well as
a platform for creation of CAR-T and bispecific antibodies.
Humanigen is based in Brisbane, California.  For more information,
visit www.humanigen.com.

KaloBios filed a voluntary petition for bankruptcy protection under
Chapter 11 of Title 11 of the United States Bankruptcy Code (Bankr.
D. Del. Case No. 15-12628) on Dec. 29, 2015.  The Company was
represented by Eric D. Schwartz of Morris, Nichols, Arsht &
Tunnell.  KaloBios emerged from Chapter 11 bankruptcy six months
later.

HORNE LLP, in Ridgeland, Mississippi, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, noting that the Company has recurring losses
from operations that raise substantial doubt about its ability to
continue as a going concern.

KaloBios reported a net loss of $27.01 million in 2016 following a
net loss of $35.37 million in 2015.  As of Sept. 30, 2017,
Humanigen had $2.56 million in total assets, $24.14 million in
total liabilities and a total stockholders' deficit of $21.57
million.


HUMANIGEN INC: May Issue an Additional 16M Shares Under 2012 Plan
-----------------------------------------------------------------
Humanigen, Inc.'s Board of Directors has approved an amendment to
the Company's 2012 Equity Incentive Plan to increase the number of
shares of the Company's common stock authorized for issuance under
the Plan by 16,050,000 shares, and to increase the annual maximum
aggregate number of shares subject to stock option awards that may
be granted to any one person under the Plan during a calendar year
to 7,500,000.  The additional 16,050,000 shares authorized for
issuance under the Plan represent approximately 15% of the total
number of shares outstanding as of March 9, 2018.

The Plan has also been amended to remove all Plan provisions
formerly required to be included in the Plan for compliance with
Section 162(m) of the Internal Revenue Code of 1986, as amended, in
response to the recent legislative reforms to the Code.

                         About Humanigen

Formerly known as KaloBios Pharmaceuticals, Inc., Humanigen, Inc.
(OTCQB: HGEN), -- http://www.humanigen.comis a biopharmaceutical
company pursuing cutting-edge science to develop its proprietary
monoclonal antibodies for immunotherapy and oncology treatments.
Derived from the company's Humaneered platform, lenzilumab and
ifabotuzumab are lead compounds in the portfolio of monoclonal
antibodies with first-in-class mechanisms.  Lenzilumab, which
targets granulocyte-macrophage colony-stimulating factor (GM-CSF),
is in development as a potential medicine to make chimeric antigen
receptor T-cell (CAR-T) therapy safer and more effective, as well
as a potential treatment for rare hematologic cancers such as
chronic myelomonocytic leukemia (CMML) and juvenile myelomonocytic
leukemia (JMML).  Ifabotuzumab, which targets Ephrin type-A
receptor 3 (EphA3), is being explored as a potential treatment for
glioblastoma multiforme (GBM) and other deadly cancers, as well as
a platform for creation of CAR-T and bispecific antibodies.
Humanigen is based in Brisbane, California.  For more information,
visit www.humanigen.com.

KaloBios filed a voluntary petition for bankruptcy protection under
Chapter 11 of Title 11 of the United States Bankruptcy Code (Bankr.
D. Del. Case No. 15-12628) on Dec. 29, 2015.  The Company was
represented by Eric D. Schwartz of Morris, Nichols, Arsht &
Tunnell.  KaloBios emerged from Chapter 11 bankruptcy six months
later.

HORNE LLP, in Ridgeland, Mississippi, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, noting that the Company has recurring losses
from operations that raise substantial doubt about its ability to
continue as a going concern.

KaloBios reported a net loss of $27.01 million in 2016 following a
net loss of $35.37 million in 2015.  As of Sept. 30, 2017,
Humanigen had $2.56 million in total assets, $24.14 million in
total liabilities and a total stockholders' deficit of $21.57
million.


IHEARTMEDIA INC: Case Summary & 30 Largest Unsecured Creditors
--------------------------------------------------------------
Lead Debtor: iHeartMedia, Inc.
             20880 Stone Oak Parkway
             San Antonio, TX 78258

Type of Business: iHeartMedia, Inc., along with its direct and
                  indirect subsidiaries, is a diversified media
                  and entertainment company headquartered in San
                  Antonio, Texas, with approximately 17,000
                  employees operating in the Americas, Europe, and
                  Asia.  These entities operate three primary
                  business segments: (i) iHeartMedia, (ii)
                  Americas Outdoor Advertising, and (iii)
                  International Outdoor Advertising.  In addition
                  to the 849 radio stations the Debtors own and
                  operate, the Debtors reach their audience across
                  multiple advertising-supported and consumer-
                  focused platforms including radio broadcasting,
                  online, mobile, digital and social media,
                  podcasts, personalities and influencers,
                  robust data insights, live concerts and events,
                  syndication, music research services, and
                  independent media representation.  

                  http://www.iHeartMedia.com/

Chapter 11 Petition Date: March 14, 2018

Case Nos. of iHeartMedia and 38 subsidiaries that simultaneously
filed Chapter 11 petitions:

   Debtor                                      Case No.
   ------                                      --------
   iHeartMedia, Inc. (Lead Case)               18-31274
   AMFM Broadcasting Licenses, LLC             18-31277
   AMFM Broadcasting, Inc.                     18-31278
   AMFM Operating, Inc.                        18-31279
   AMFM Radio Licenses, LLC                    18-31280
   AMFM Texas Broadcasting, LP                 18-31281
   AMFM Texas Licenses, LLC                    18-31282
   AMFM Texas, LLC                             18-31283
   Capstar Radio Operating Company             18-31284
   Capstar TX, LLC                             18-31285
   CC Broadcast Holdings, Inc.                 18-31286
   CC Finco Holdings, LLC                      18-31287
   CC Licenses, LLC                            18-31288
   Christal Radio Sales, Inc.                  18-31289
   Cine Guarantors II, Inc.                    18-31290
   Citicasters Co.                             18-31291
   Citicasters Licenses, Inc.                  18-31292
   Clear Channel Broadcasting Licenses, Inc.   18-31293
   Clear Channel Holdings, Inc.                18-31294
   Clear Channel Investments, Inc.             18-31295
   Clear Channel Metro, Inc.                   18-31296
   Clear Channel Mexico Holdings, Inc.         18-31297
   Clear Channel Real Estate, LLC              18-31298
   Critical Mass Media, Inc.                   18-31299
   iHeartCommunications, Inc.                  18-31273
   iHeartMedia Capital I, LLC                  18-31275
   iHeartMedia Capital II, LLC                 18-31276
   iHeartMedia Management Services, Inc.       18-31301
   iHM Identity, Inc.                          18-31302
   Katz Communications, Inc.                   18-31303
   Katz Media Group, Inc.                      18-31304
   Katz Millennium Sales & Marketing, Inc.     18-31305
   Katz Net Radio Sales, Inc.                  18-31306
   M Street Corporation                        18-31307
   Premiere Networks, Inc.                     18-31308
   Terrestrial RF Licensing, Inc.              18-31309
   TTWN Media Networks, LLC                    18-31310
   TTWN Networks, LLC                          18-31311
   iHeartMedia + Entertainment, Inc.           18-31300

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Hon. Marvin Isgur

Debtors
Bankruptcy
Counsel:      James H.M. Sprayregen, P.C.
              Anup Sathy, P.C.
              Brian D. Wolfe, Esq.
              William A. Guerrieri, Esq.
              KIRKLAND & ELLIS LLP
              KIRKLAND & ELLIS INTERNATIONAL LLP
              300 North LaSalle Street
              Chicago, Illinois 60654
              Tel: (312) 862-2000
              Fax: (312) 862-2200
              E-mail: james.sprayregen@kirkland.com
                      anup.sathy@kirkland.com
                      brian.wolfe@kirkland.com
                      will.guerrieri@kirkland.com

                             - and -

              Christopher J. Marcus, P.C.
              KIRKLAND & ELLIS LLP
              KIRKLAND & ELLIS INTERNATIONAL LLP
              601 Lexington Avenue
              New York, New York 10022
              Tel: (212) 446-4800
              Fax: (212) 446-4900
              E-mail: christopher.marcus@kirkland.com

Debtors'
Local
Bankruptcy
Counsel:      Patricia B. Tomasco, Esq.
              Matthew D. Cavenaugh, Esq.
              Jennifer F. Wertz, Esq.
              JACKSON WALKER L.L.P.
              1401 McKinney Street, Suite 1900
              Houston, Texas 77010
              Tel: (713) 752-4200
              Fax: (713) 752-4221
              E-mail: ptomasco@jw.com
                      mcavenaugh@jw.com
                      jwertz@jw.com

Debtors'
Conflicts
Counsel:      MUNGER, TOLLES & OLSON LLP

Debtors'
Financial
Advisors:     MOELIS & COMPANY

                    - and -

              PERELLA WEINBERG PARTNERS L.P.

Debtors'
Restructuring
Advisor:      ALVAREZ & MARSAL

Debtors'
Notice &
Claims
Agent:        PRIME CLERK LLC
              Web site: https://cases.primeclerk.com/iheartmedia

Total Assets: $12,257,260,000 (on a consolidated
              basis) as of November 6, 2017

Total Debt: $20,328,500,000 (on a consolidated basis)
             as of November 6, 2017

The petitions were signed by Brian Coleman, senior vice president
and treasurer iHeartMedia, Inc.

A full-text copy of the iHeartMedia's petition is available at:

           http://bankrupt.com/misc/txsb18-31274.pdf

List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------  --------------
Law Debenture Trust Company          14% Senior     $1,917,884,276
400 Madison Avenue                  Note - 2021
New York, NY 10017
Attn: James Heaney
Tel: 212-750-6474
Fax: 212-750-1361
Email: james.Heaney@LAWDEB.com

BNY Mellon                           7.25% Senior     $309,062,500
601 Travis Street,                    Note- 2027
16th Floor Houston
Houston, TX 77002
Attn: Moses Ballenger
Tel: 713-483-6674
Fax: 713-483-6979
Email: mosestidwell.ballenger@bnymellon.com

BNY Mellon                           6.875% Senior    $178,007,812
601 Travis Street,                    Note - 2018
16th Floor Houston
Houston, TX 77002
Attn: Moses Ballenger
Tel: 713-483-6674
Fax: 713-483-6979
Email: mosestidwell.ballenger@bnymellon.com

Nielsen                              Trade Payable     $20,874,637
85 Broad St
New York, NY 10004
Attn: Carol Hanley
Executive Vice President of Sales and
Marketing
Tel: 212-887-1300
Fax: 212-887-1375

Creditor 1                             Contract        $19,288,388
Address on File                      Counterparty

Icon International Inc               Trade Payable      $6,875,986
107 Elm St
4 Stamford Plaza
Stamford, CT 06902
Attn: Gary Perlman
General Counsel
Tel: 203-328-2300
Fax: 203-328-2333
   
SoundExchange Inc                       Estimated       $6,427,603
733 10th St NW FL10                   Royalty Fees
Washington, DC
20001-4888
Attn: Michael Huppe
President and Chief Executive Officer
Tel: 202-640-5858
Fax: 202-640-5859

Cumulus Media, Inc.                   Trade Payable     $5,611,618
3280 Peachtree Rd NW
Atlanta, GA 30305
Attn: Mary G. Berner
Chief Executive Officer
Tel: 404-949-0700
Fax: 404-949-0740

Cox Enterprises, Inc.                    Contract       $5,076,283
2445 Baltimore Blvd                    Counterparty
Finksburg, MD 21048
Attn: James C. Kennedy
Chief Executive Officer
Tel: 678-645-0000
Fax: 678-645-5002

Warner Music Group                       Estimated      $3,904,093
Services                               Royalty Fees
3400 W Olive Ave
Burbank, CA 91505
Attn: Stephen F. Cooper
Chief Executive Officer
Tel: 212-275-2000
Email: steve.cooper@wmg.com

CBS1271 Avenue of                      Trade Payable    $3,282,369
the Americas
44th Floor New York, NY 10020
Attn: Leslie Moonves
Chairman and Chief Executive Officer
Tel: 212-649-9600
Fax: 212-846-2790

Salesforce Com Inc                     Trade Payable    $2,508,968
The Landmark @ One Market
Suite 300
San Francisco, CA 94105
Attn: Amy Weaver
President, Legal and General Counsel
Tel: 415-901-7000
Fax: 415-901-7040

Hubbard Broadcasting                  Trade Payable     $2,375,026
225 South Sixth Street, Suite 3500
Minneapolis, MN55402
Attn: Dan Seeman
Vice President and Market Manager
Tel: 651-642-4656
Fax: 651-647-2932

Vertical Bridge                           Lease         $2,229,901
Acquisitions, LLC                     Counterparty
750 Park of
Commerce Drive, Suite 200
Boca Raton, FL 33487
Attn: Joe Meleski
Vice President of Broadcast Towers Leasing
Tel: 812-430-3551
Email: ghess@verticalbridge.com

Creditor 2                               Deferred       $2,054,517
Address on File                        Compensation

Spotify USA, Inc.                     Trade Payable     $2,010,511
45 W. 18th Street, 7th Floor
New York, NY 10011
Attn: Horacio Gutierrez
General Counsel and Vice President,
Business & Legal Affairs
Tel: 646-837-5380

Global Music Rights                   Licensing Fees    $2,000,000
1100 Glendon Ave, Ste 2000
Los Angeles, CA 90024
Attn: Susan Genco
Email: susan@globalmusicrights.com

Creditor 3                               Contract       $1,951,446
Address on File                        Counterparty

Adswizz                                Trade Payable    $1,869,151
487 A S El Camino Real
San Mateo, CA 94402
Attn: Bill Feichtmann
Chief Financial Officer
Tel: 408-896-4685
Email: Bill.feichtmann@adswizz.com

Ando Media LLC                         Trade Payable    $1,609,567
15303 Ventura
Boulevard # 1500
Sherman Oaks, CA 91403
Attn: Neal Schore
Chief Executive Officer
Tel: 514-448-4037

Univision                              Trade Payable    $1,603,620
Communications, Inc.
5801 Truxtun Ave
Bakersfield, CA 93309
Attn: Jonathan Schwartz
Chief Legal and Corporate Affairs Officer
Tel: 212-455-5200
Fax: 646-964-6681

Beasley Broadcast Group               Trade Payable     $1,501,942
3033 Riviera Dr Ste 200
Naples, FL 34103
Attn: Caroline Beasley
Chief Executive Officer
Tel: 239-263-5000
Fax: 239-263-8191

ASCAP                                Licensing Fees     $1,495,890
21678 Network Pl
Chicago, IL 60673
Attn: Elizabeth Matthews
Chief Executive Officer
Tel: 212-621-6000
Fax: 212-621-8453

Broadcast Music Inc.                 Licensing Fees     $1,426,849
10 Music Square East
Nashville, TN 37203-4399
Attn: Michael O'Neill
President & Chief Executive Officer
Tel: 212-220-3000

Urban One Inc.                       Trade Payable      $1,358,691
1010 Wayne Ave 14th Fl
Silver Spring, MD 20910
Attn: Alfred C. Liggins, III
Chief Executive Officer
Tel: 301-429-3200

ReelWorld                            Trade Payable      $1,344,728
Productions Inc
2214 Queen Anne Ave N
Seattle, WA 98109
Attn: Craig Wallace
Chief Experience Officer
Tel: 206-448-1518
Email: craig.wallace@reelworld.com

Universal Music Group Inc               Estimated       $1,313,118
825 8th Ave 28th Floor                Royalty Fees
New York, NY 10019
Attn: Lucian Grainge
Chief Executive Officer
Tel: 310-865-5000
Fax: 310-865-7096
Email: lucian.grainge@umusic.com

Futuri Media                          Trade Payable     $1,223,681
4141 Rockside Rd Ste 300
Seven Hills, OH 44131
Attn: Daniel Anstandig
Chief Executive Officer
Tel: 877-221-7979

TomTom North                          Trade Payable     $1,173,408
America Inc
Lafayette St
Lebanon, NH 03766- 1445
Attn: Senior Legal Counsel
Tel: 603-643-0330
Fax: 603-653-0249

Sun & Fun Media                       Trade Payable     $1,137,486
1315 S International
Pkwy, Ste 1131
Lake Mary, FL 32746
Attn: Roger C. Fray
Chief Executive Officer
Tel: 407-328-0505
Email: roger@sunfunmedia.com


IHEARTMEDIA INC: Files for Chapter 11 to Cut Debt by $10 Billion
----------------------------------------------------------------
iHeartMedia, Inc. (PINK: IHRT) and certain of its subsidiaries,
including iHeartCommunications, Inc., on March 14, 2018, sought
Chapter 11 bankruptcy protection after reaching an agreement in
principle with holders of more than $10 billion of its outstanding
debt and its financial sponsors.

The agreement reflects widespread support across the capital
structure for a comprehensive balance sheet restructuring that will
reduce iHeartMedia's debt by more than $10 billion, the Company
said in a press statement.

iHeartMedia, America's #1 audio company, will continue operating
the business in the ordinary course as a leading global
multi-platform media, entertainment and data company.

"iHeartMedia has created a highly successful operating business,
generating year-over-year revenue growth in each of the last 18
consecutive quarters.  We have transformed a traditional broadcast
radio company into a true 21st century multi-platform, data-driven,
digitally-focused media and entertainment powerhouse with
unparalleled reach, products and services now available on more
than 200 platforms, and the iHeartRadio master brand that ties
together our almost 850 radio stations, our digital platform, our
live events, and our 129 million social followers," said Bob
Pittman, Chairman and Chief Executive Officer.

"The agreement we announced today is a significant accomplishment,
as it allows us to definitively address the more than $20 billion
in debt that has burdened our capital structure. Achieving a
capital structure that finally matches our impressive operating
business will further enhance iHeartMedia's position as America's
#1 audio company."

The Company has filed with the Bankruptcy Court a series of
customary motions seeking to maintain business-as-usual operations
and uphold its commitments to its valued employees and other
stakeholders during the process.  These "first day" motions, which
the Company expects to be granted in short order, will help
facilitate a smooth transition into Chapter 11.

A hearing on the Debtors' First Day Motions will be held on March
15, 2018 at 2:00 PM (CT) before the Honorable Marvin Isgur, U.S.
Bankruptcy Court for the Southern District of Texas (Houston
Division).

iHeartMedia believes that its cash on hand, together with cash
generated from ongoing operations, will be sufficient to fund and
support the business during the Chapter 11 proceedings.

                         12,400 Employees

iHeart is a diversified media, entertainment, and data company
reaching across multiple advertising-supported and consumer-focused
platforms.  iHM's radio stations, all-in-one digital music,
podcasting and live streaming radio, on-demand service, and unique
collection of assets enable it to deliver compelling content, as
well as innovative and effective marketing campaigns for
advertisers and marketing, creative, and strategic partners across
the globe.

The Company reported $3.58 billion of revenue in 2017.

iHeart operates three primary business segments: (a) iHeartMedia
(the "iHM Segment"); (b) Americas Outdoor Advertising; and (c)
International Outdoor Advertising (Americas Outdoor Advertising and
International Outdoor Advertising, together, the "Outdoor
Segments"). The iHM Segment provides media and entertainment
services via broadcast and digital delivery.  In addition, the
Debtors indirectly own the Outdoor Segments, which are operated by
entities that are not debtors in these chapter 11 cases.

The iHM Segment reaches approximately 271 million listeners monthly
with its broadcast radio stations alone, giving it a greater reach
in the United States than any other media company.

For the year ended December 31, 2017, the Debtors recognized
approximately $1.01 billion of OIBDAN and $3.58 billion of
revenue.

As of the Petition Date, the Debtors employ more than 12,400
employees, approximately 9,400 of which work full-time, and
approximately 3,000 work part-time.  Approximately 700 employees
are members of various labor unions and are covered by 35
collective bargaining agreements between the Debtors and various
labor unions.

                     $16 Billion of Funded Debt

As of the Petition Date, the Debtors were liable for approximately
$16 billion of funded debt obligations.  The Debtors' prepetition
capital structure is as follows:

                                  (US$ millions)
  ABL Facility                       Principal      Guarantors
  ---------------------             ------------    ----------
Outstanding Indebtedness                 371        Debtors

                                  (US$ millions)
  Term Loan Facility                  Principal      Guarantors
  ---------------------             ------------    ----------
Term Loan D Facility Due 2019          5,000        Debtors
Term Loan E Facility Due 2019          1,300        Debtors
                                    ------------
Total Term Loan Credit Facility       $6,300

                                  (US$ millions)
  Priority Guarantee Notes (PGNs)    Principal      Guarantors
  -------------------------------   ------------    ----------
9.0% PGN Due 2019                      2,000        Debtors
9.0% PGN Due 2021                      1,750        Debtors
11.25% PGN Due 2021                    1,052        Debtors
9.0% PGN Due 2022                      1,000        Debtors
10.625% PGN Due 2023                     950        Debtors
                                    ------------
Total PGNs                            $6,752

                                  (US$ millions)
  2021 Notes                         Principal      Guarantors
  ---------------------             ------------    ----------
Outstanding Indebtedness               2,235        Debtors

                                  (US$ millions)
  Legacy Notes                       Principal      Guarantors
  ---------------------             ------------    ----------
5.5% Legacy Notes Due 2016 (by CCH)      57         None
6.875% Legacy Notes Due 2018            175         None
7.25% Legacy Notes Due 2027             300         None
                                    ------------
Total Legacy Notes                     $532
                                    ------------
Total Funded Debt Obligations       $16,190

All obligations under the ABL Facility and the guarantees of those
obligations are secured by a first-priority security interest in
all of iHC's and the Debtor Guarantors' accounts receivable,
related assets, and proceeds thereof, which are senior to the
security interest of the Term Loan Credit Facility, subject to
permitted liens and certain exceptions.

The Term Loan Credit Facility and PGNs constitute as the Debtors'
senior debt obligations.  Until such time as $500 million or less
of principal remains outstanding under the Legacy Notes (the
"Existing Notes Condition Trigger"), the Debtors' Term Loan Credit
Facility and PGNs are both secured by pari passu first-priority
liens in the capital stock of iHC and certain property and related
assets that do not constitute "Principal Property" (as defined in
the indenture governing the Legacy Notes (the "Legacy Notes
Indenture")), and pari passu second-priority liens in all of iHC's
and the Debtor Guarantors' accounts receivable, related assets, and
proceeds thereof, subject to permitted liens and certain
exceptions.

The Legacy Notes are senior, unsecured obligations that are
subordinated to iHC's secured indebtedness to the extent of the
value of iHC's assets securing such indebtedness and are not
guaranteed by any of iHC's subsidiaries.

TPG Specialty Lending, Inc., is administrative agent and sole lead
arranger, the other lenders and letter of credit issuers party
thereto, and Wells Fargo Bank, N.A. and PNC Bank, N.A., are the
syndication agents under the ABL Facility.

Citibank, N.A., is the administrative agent, swing line lender and
letter of credit issuer under the Term Loan Credit Facility.

Delaware Trust Company, is successor trustee, and Deutsche Bank
Trust Company Americas, is paying agent, registrar and transfer
agent under the 2021 notes.

iHeartMedia said in a regulatory disclosure that the bankruptcy
filing constitutes an event of default that accelerated
iHeartCommunications, Inc.'s obligations under these debt
instruments:

     * Senior Indenture, dated as of October 1, 1997 (as amended or
supplemented from time to time), by and between
iHeartCommunications and The Bank of New York (now known as The
Bank of New York Mellon), as trustee, governing
iHeartCommunications' 5.50% Senior Notes due 2016, 6.875% Senior
Notes due 2018 and 7.25% Senior Notes due 2027;

    * Credit Agreement, dated as of May 13, 2008, as amended and
restated as of February 23, 2011 (as further amended or
supplemented from time to time), by and among iHeartCommunications,
as the parent borrower, the subsidiary co-borrowers and foreign
subsidiary revolving borrowers party thereto, iHeartMedia Capital
I, LLC, as a guarantor, Citibank, N.A., as administrative agent,
swing line lender and letter of credit issuer, and the other the
lenders from time to time party thereto governing
iHeartCommunications' Term Loan D and Term Loan E facilities;

     * Indenture, dated as of February 23, 2011 (as amended or
supplemented from time to time), by and among iHeartCommunications,
iHeartMedia Capital I, LLC, as guarantor, the other guarantors
party thereto, Wilmington Trust FSB, as trustee (with Wilmington
Trust, National Association as successor in interest), and Deutsche
Bank Trust Company Americas, as collateral agent, paying agent,
registrar, authentication agent and transfer agent, governing
iHeartCommunications' 9.0% Priority Guarantee Notes due 2021;

     * Indenture, dated as of June 21, 2013 (as amended or
supplemented from time to time), by and among iHeartCommunications,
iHeartMedia Capital I, LLC, as guarantor, the other guarantors
party thereto, Law Debenture Trust Company of New York, as trustee
(with Delaware Trust Company as successor trustee), and Deutsche
Bank Trust Company Americas, as paying agent, registrar and
transfer agent, governing iHeartCommunications' 14.00% Senior Notes
due 2021;

     * Indenture, dated as of February 28, 2013 (as amended or
supplemented from time to time), by and among iHeartCommunications,
iHeartMedia Capital I, LLC, as guarantor, the other guarantors
party thereto, U.S. Bank National Association, as trustee, paying
agent, registrar, authentication agent and transfer agent (with UMB
Bank National Association as successor trustee, paying agent,
registrar, authentication agent and transfer agent), and Deutsche
Bank Trust Company Americas, as collateral agent, governing
iHeartCommunications' 11.25% Priority Guarantee Notes due 2021;

     * Indenture, dated as of October 25, 2012 (as amended or
supplemented from time to time), by and among iHeartCommunications,
iHeartMedia Capital I, LLC, as guarantor, the other guarantors
party thereto, U.S. Bank National Association, as trustee, paying
agent, registrar and transfer agent (with Wilmington Trust,
National Association as successor trustee, paying agent, registrar
and transfer agent), and Deutsche Bank Trust Company Americas, as
collateral agent, governing iHeartCommunications' 9.0% Priority
Guarantee Notes due 2019;

     * Indenture, dated as of September 10, 2014 (as amended or
supplemented from time to time), by and among iHeartCommunications,
iHeartMedia Capital I, LLC, as guarantor, the other guarantors
party thereto, U.S. Bank National Association, as trustee, paying
agent, registrar, authentication agent and transfer agent (with
Wilmington Trust, National Association as successor trustee, paying
agent, registrar, authentication agent and transfer agent), and
Deutsche Bank Trust Company Americas, as collateral agent,
governing iHeartCommunications' 9.0% Priority Guarantee Notes due
2022;

     * Indenture, dated as of February 26, 2015 (as amended or
supplemented from time to time), by and among iHeartCommunications,
iHeartMedia Capital I, LLC, as guarantor, the other guarantors
party thereto, U.S. Bank National Association, as trustee, paying
agent, registrar, authentication agent and transfer agent, and
Deutsche Bank Trust Company Americas, as collateral agent,
governing iHeartCommunications' 10.625% Priority Guarantee Notes
due 2023;

     * Credit Agreement, dated as of November 30, 2017, by and
among iHeartCommunications, as the parent borrower, iHeartMedia
Capital I, LLC, as a guarantor, the subsidiary borrowers party
thereto, TPG Specialty Lending, Inc., as administrative agent, sole
lead arranger and a lender, the other lenders, swing line lenders
and letter of credit issuers from time to time party thereto and
the other syndication agents party thereto, governing
iHeartCommunications' asset-based term loan and revolving credit
facility; and

     * Revolving Promissory Note, dated November 10, 2005, as
amended by the first amendment entered into on December 23, 2009,
the second amendment entered into on October 23, 2013, and the
third amendment entered into on November 29, 2017, between
iHeartCommunications, as maker, and Clear Channel Outdoor Holdings,
Inc., as payee.

The Debt Instruments provide that as a result of the Bankruptcy
Petitions the principal and interest due thereunder shall be
immediately due and payable.

Any efforts to enforce the payment obligations under the Debt
Instruments are automatically stayed as a result of the Bankruptcy
Petitions, and the creditors' rights of enforcement in respect of
the Debt Instruments are subject to the applicable provisions of
the Bankruptcy Code.

             Controlling Shareholders Bain and THL

iHeartMedia (f/k/a CC Media Holdings, Inc.) was incorporated in
Delaware in May 2007 for the purpose of acquiring iHC through a
leveraged buyout, which was completed on July 30, 2008 (the
"Merger").  The Merger resulted in the Debtors ultimately being
owned by affiliates of Bain Capital Partners, LLC ("Bain"), Thomas
H. Lee Partners, L.P. ("THL"), certain individuals and entities,
and public shareholders.  Bain and THL together control
approximately two-thirds of the voting power of all the Debtors’
outstanding common stock, with certain individuals, entities, and
the public owning the remaining one-third.

Shares of iHeartMedia's Class A common stock have traded on the
Over-the-Counter Market under the symbol "IHRT" since August 8,
2008.  There is no established public trading market for
iHeartMedia's Class B and Class C common stock.  All outstanding
shares of Class B common stock are held by Clear Channel Capital
IV, LLC (50% of which is owned by affiliated investment funds of
Bain and 50% of which is owned by affiliated investment funds of
THL), and all outstanding shares of Class C common stock are held
by Clear Channel Capital V, L.P. (50% of which is owned by
affiliated investment funds of Bain and 50% of which is owned by
affiliated investment funds of THL).  Bain and THL, through their
Class B and Class C common stock, each control approximately 33% of
the voting power of all outstanding common stock.  Other
individuals and entities own approximately 23% of the voting power
of all outstanding common stock, and public shareholders own the
remaining approximately 11% of voting power of all outstanding
common stock.

                    About iHeartMedia, Inc. and
                     iHeartCommunications, Inc.

iHeartMedia, Inc. (PINK:IHRT), the parent company of
iHeartCommunications, Inc., is a global media and entertainment
company.  Based in San Antonio, Texas, iHeartCommunications
specializes in radio, digital, outdoor, mobile, social, live
events, on-demand entertainment and information services for local
communities, and uses its unparalleled national reach to target
both nationally and locally on behalf of its advertising partners.
The Company operates 849 radio stations.  The Company's outdoor
business reaches over 34 countries across five continents.

To implement a balance sheet restructuring, iHeartMedia and 38 of
its subsidiaries, including iHeartCommunications, Inc., filed
voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 18-31274) on March
14, 2018.  The cases are pending before the Honorable Marvin Isgur,
and the Debtors have requested joint administration of the cases.

Clear Channel Outdoor Holdings, Inc. and its subsidiaries did not
commence Chapter 11 proceedings.

As of Sept. 30, 2017, iHeartCommunications had $12.25 billion in
total assets, $23.93 billion in total liabilities and a total
stockholders' deficit of $11.67 billion.

Kirkland & Ellis LLP is serving as legal counsel to iHeartMedia,
Moelis & Company is serving as the Company's investment banker, and
Alvarez & Marsal is serving as the Company's financial advisor.
Prime Clerk LLC is the claims agent and maintains the Web site
https://cases.primeclerk.com/iHeartMedia

                      Other Professionals

The 2021 Noteholder Group is represented by Gibson Dunn & Crutcher
LLP and Quinn Emanuel Urquhart & Sullivan, LLP as co-counsel; and
GLC Advisors & Co. as financial advisor.

The ad hoc group of Term Loan Lenders is represented by Arnold &
Porter Kaye Scholer LLP as counsel; and Ducera Partners as
financial advisor.

The Legacy Noteholder Group is represented by White & Case LLP as
counsel.

The Debtors' equity sponsors are represented by Weil, Gotshal &
Manges LLP as counsel.


IHEARTMEDIA INC: Legacy Noteholders Not Supporting Plan Deal
------------------------------------------------------------
iHeart Media Inc. said that while approximately $10 billion of the
Debtors' approximately $16 billion of funded debt support the
contemplated restructuring transaction, there is a group of
approximately $190 million of legacy noteholders -- represented by
White & Case LLP -- that do not support the restructuring
transaction.

The Debtors said they made efforts to include the Legacy Noteholder
Group in the negotiations that led up to the filing of these
chapter 11 cases and the agreement in principle and included their
advisors on various "all hands" calls and on the circulation of
draft restructuring term sheets.  However, the value that the
Legacy Noteholder Group was looking for in exchange for their
support of the restructuring exceeded the value that other
stakeholders were willing to offer.  The Debtors expect that the
Legacy Noteholder Group will take actions in the near-term to
advance arguments that serve their interests with respect to the
prepetition negotiations and certain disputed issues, including the
alleged entitlement of the Legacy Notes to liens on certain of the
Debtors' assets (an issue that was the subject of substantial
debate in the prepetition negotiations, including recent litigation
in New York state court that was resolved in the Debtors' favor).

Although the agreement in principle with their creditors and equity
sponsors is a key achievement in the Debtors' restructuring
process, the Debtors take seriously their role as fiduciary and
will look to broaden consensus while they evaluate possible
restructuring alternatives. Importantly, the contemplated
restructuring support agreement will not require the Debtors to
take any actions or refrain from taking any actions to the extent
that doing so would be inconsistent with their fiduciary duties.
The Debtors' are focused on engaging with the official committee of
unsecured creditors (when appointed) as well as continuing to
engage with the Legacy Noteholder Group and all of the Debtors'
other stakeholders (including those that did not sign the
restructuring support agreement).

                            Legacy Notes

As of the Petition Date, iHC had approximately $532 million
outstanding aggregate principal amount of senior notes that were
the obligations of iHC prior to the Merger (the "Legacy Notes").
The Legacy Notes consist of: (a) $175 million of notes bearing
interest at a rate of 6.875% per annum, which mature on June 15,
2018; (b) $300 million of notes bearing interest at a rate of 7.25%
per annum, which mature on Oct. 15, 2027; and (c) $57 million of
notes bearing interest at a rate of 5.5% per annum which are
currently held by Debtor CCH and remain unpaid following their Dec.
15, 2016 maturity date (the "Legacy Notes Due 2016").

The Legacy Notes are senior, unsecured obligations that are
subordinated to iHC's secured indebtedness to the extent of the
value of iHC's assets securing such indebtedness and are not
guaranteed by any of iHC's subsidiaries.  As a result, the Legacy
Notes are structurally subordinated to all indebtedness and other
liabilities of iHC's subsidiaries.  The Legacy Notes rank equally
in priority with all of iHC's existing and future senior
indebtedness and senior in priority to all existing and future
subordinated indebtedness.

Notably, the indenture for the Legacy Notes has an "equal and
ratable" provision that prohibits iHC from granting a security
interest to any party in certain specific collateral (i.e., the
Springing Collateral) "without in any such case making effective
provision whereby all of the [Legacy Notes] Outstanding shall be
directly secured equally and ratably with such debt." Legacy Notes
Indenture Sec. 1006.26  Given this provision, upon the occurrence
of the Existing Notes Condition Trigger under the Term Loan Credit
Facility and the PGNs, the Legacy Notes would be contractually
entitled to receive liens on certain collateral that are pari passu
with the liens that spring into existence under the Term Loan
Credit Facility and the PGNs.

                     New York State Court Action

On Feb. 26, 2018, holders of the unsecured Legacy Notes and the
Legacy trustee initiated an action in New York state court seeking
specific performance of the Legacy Notes Indenture and emergency
injunctive relief.  The Plaintiffs argued that the "springing lien"
provisions of the PGN indentures and the PGN security agreement
amounted to "Hidden Encumbrances" on iHeart's property, to which
they were entitled to "equal and ratable" treatment.  iHeart
opposed this claim, asserting that the springing liens were neither
"hidden" nor "encumbrances," and that there was no interest granted
in any of the Debtors' property under the springing liens until
there was an actual grant of a security interest.  After the case
was remanded from the United States District Court for the Southern
District of New York, the New York state court denied Plaintiffs'
request for a preliminary injunction, ruling that the holders of
the Legacy Notes had failed to meet the standard for injunctive
relief, that Plaintiffs had failed to follow required notice
provisions in the Indenture, and that actions regarding the
priority and validity of unsecured claims were properly resolved in
bankruptcy court.

Because iHeart does not believe that the Collateral Flip has
occurred, iHeart has not granted any interest of any kind in any of
its property to the holders of the Legacy Notes or the Legacy
trustee.

                       Extensive Negotiations

While the Debtors understand that the Legacy Noteholder Group does
not support the restructuring transaction contemplated by their
Chapter 11 filing, the Debtors will not stop their engagement with
this group and the Debtors look forward to working with all
creditor constituencies (including the official committee of
unsecured creditors) with the hopes of adding consensus to the
billions of dollars of claims that have reached an agreement in
principle.  Given the extensive history of negotiations among the
parties and the substantial progress embodied in the agreement in
principle, the Debtors are optimistic that the chapter 11 process
will be used exactly as it is intended: as a forum for the Debtors
to fairly and efficiently address their balance sheet on a
comprehensive basis and position the Debtors to thrive on a
long-term basis.

                    About iHeartMedia, Inc. and
                     iHeartCommunications, Inc.

iHeartMedia, Inc. (PINK:IHRT), the parent company of
iHeartCommunications, Inc., is a global media and entertainment
company.  Based in San Antonio, Texas, iHeartCommunications
specializes in radio, digital, outdoor, mobile, social, live
events, on-demand entertainment and information services for local
communities, and uses its unparalleled national reach to target
both nationally and locally on behalf of its advertising partners.
The Company operates 849 radio stations.  The Company's outdoor
business reaches over 34 countries across five continents.

To implement a balance sheet restructuring, iHeartMedia and 38 of
its subsidiaries, including iHeartCommunications, Inc., filed
voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex.) on March 14, 2018.  The cases
are pending before the Honorable Marvin Isgur, and the Debtors have
requested joint administration of the cases under Case No.
18-31274.

Clear Channel Outdoor Holdings, Inc. and its subsidiaries did not
commence Chapter 11 proceedings.

As of Sept. 30, 2017, iHeartCommunications had $12.25 billion in
total assets, $23.93 billion in total liabilities and a total
stockholders' deficit of $11.67 billion.

Kirkland & Ellis LLP is serving as legal counsel to iHeartMedia,
Moelis & Company is serving as the Company's investment banker, and
Alvarez & Marsal is serving as the Company's financial advisor.
Prime Clerk LLC is the claims agent and maintains the Web site
https://cases.primeclerk.com/iHeartMedia

                      Other Professionals

The 2021 Noteholder Group is represented by Gibson Dunn & Crutcher
LLP and Quinn Emanuel Urquhart & Sullivan, LLP as co-counsel; and
GLC Advisors & Co. as financial advisor.

The ad hoc group of Term Loan Lenders is represented by Arnold &
Porter Kaye Scholer LLP as counsel; and Ducera Partners as
financial advisor.

The Legacy Noteholder Group is represented by White & Case LLP as
counsel.

The Debtors' equity sponsors are represented by Weil, Gotshal &
Manges LLP as counsel.


IHEARTMEDIA INC: Outdoor Segments Not Among Chapter 11 Filers
-------------------------------------------------------------
iHeartMedia, Inc. (PINK:IHRT) and its affiliated debtors directly
or indirectly own approximately 89.5% of the economic interests in
Clear Channel Outdoor Holdings, Inc., with the remainder
publicly-traded on the New York Stock Exchange (NYSE:CCO).

CCOH and its subsidiaries are not debtors in iHeartMedia's Chapter
11 cases.

As of March 2, 2018, the market value of the Debtors' 89.5%
interest in CCOH was approximately $1.6 billion.

CCOH and iHeartCommunications, Inc., a Texas corporation and a
Debtor ("iHC"), are party to a number of agreements -- Intercompany
Agreements -- setting forth various matters governing their
relationship while iHC remains a significant stockholder in CCOH.
The Intercompany Agreements and iHC's controlling ownership of
CCOH's common stock allow iHC to retain control over many aspects
of CCOH's operations.  The Intercompany Agreements obligate CCOH to
use various corporate services provided by iHC and its affiliates,
including executive, administrative, and support functions,
including treasury, accounting, tax, finance, administration,
legal, human resources, marketing, and information technology.

As set forth in the Debtors' emergency motion to continue to
operate their cash management system and use existing bank accounts
-- Cash Management Motion -- CCOH relies on the Debtors for
treasury services and cash management.  In fact, substantially all
of the Outdoor Segments' cash in the United States is swept up to
the Debtors' bank accounts on a daily basis. As set forth in the
Cash Management Motion, this relationship will generally continue
after the Petition Date, subject to certain modifications.
Additionally, the Intercompany Agreements provide for the
allocation of employee benefit, tax, and other liabilities and
obligations attributable to CCOH's operations.  Among other things,
the Intercompany Agreements restrict CCOH's ability to: (a) issue
any shares of capital stock or securities convertible into capital
stock; (b) incur additional indebtedness; (c) make certain
acquisitions and investments; (d) repurchase CCOH stock; (e)
dispose of certain assets; and (f) merge or consolidate.

CCOH's board of directors has established a special committee --
CCOH Committee -- to engage in negotiations with the Debtors and
make recommendations to CCOH's board of directors regarding certain
transactions in connection with these chapter 11 cases. The CCOH
Committee is comprised of CCOH directors that do not serve on the
management of the Debtors and are not affiliated with the Debtors'
equityholders.

The CCOH Committee is represented by Houlihan Lokey as financial
advisor; and Willkie Farr & Gallagher LLP as counsel.  Among other
things, the CCOH Committee participated in the negotiations of the
terms of the proposed cash management order for these chapter 11
cases.

                          CCOH's Business

CCOH owns Americas Outdoor Advertising; and  International Outdoor
Advertising (the "Outdoor Segments").  The Outdoor Segments provide
outdoor advertising services globally using various digital and
traditional display types, including printed and digital
billboards, street furniture and transit displays, airport displays
and wallscapes, and other spectaculars, which are either owned or
operated under lease management agreements.

As of Dec. 31, 2017, iHeart owned or operated 94,000 display
structures through Americas Outdoor Advertising, with operations in
43 of the 50 largest markets in the United States, including all of
the 20 largest markets and more than 480,000 displays across 18
countries through International Outdoor Advertising.

In 2016 and 2017, the Outdoor Segments generated 43% and 42%,
respectively, of iHeart's total yearly revenue.  The Outdoor
Segments' revenue is derived from local and national sales of
advertising copy placed on printed and digital displays.

As of Dec. 31, 2017, the Outdoor Segments have approximately $5.3
billion of debt comprised of the following:

                                  (US$ millions)
  CCWH Subsidiary Notes              Principal      Guarantors
  ---------------------             ------------    ----------
6.5% Senior Notes Due 2022 (A & B)     2,725        CCOH, CCO
7.625% Sr. Subordinated
   Notes Due 2020 (A & B)              2,200        CCOH, CCO
                                    ------------
Total CCWH Subsidiary Notes           $4,925

CCI BV12 Subsidiary Int'l Notes

8.75% Senior Notes Due 2020              375        Int'l  
                                                    Guarantors

                                    ------------
Total Funded-Debt Obligations         $5,300 million

                    About iHeartMedia, Inc. and
                     iHeartCommunications, Inc.

iHeartMedia, Inc. (PINK:IHRT), the parent company of
iHeartCommunications, Inc., is a global media and entertainment
company.  Based in San Antonio, Texas, iHeartCommunications
specializes in radio, digital, outdoor, mobile, social, live
events, on-demand entertainment and information services for local
communities, and uses its unparalleled national reach to target
both nationally and locally on behalf of its advertising partners.
The Company operates 849 radio stations.  The Company's outdoor
business reaches over 34 countries across five continents.

To implement a balance sheet restructuring, iHeartMedia and 38 of
its subsidiaries, including iHeartCommunications, Inc., filed
voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex.) on March 14, 2018.  The cases
are pending before the Honorable Marvin Isgur, and the Debtors have
requested joint administration of the cases under Case No.
18-31274.

Clear Channel Outdoor Holdings, Inc. and its subsidiaries did not
commence Chapter 11 proceedings.

As of Sept. 30, 2017, iHeartCommunications had $12.25 billion in
total assets, $23.93 billion in total liabilities and a total
stockholders' deficit of $11.67 billion.

Kirkland & Ellis LLP is serving as legal counsel to iHeartMedia,
Moelis & Company is serving as the Company's investment banker, and
Alvarez & Marsal is serving as the Company's financial advisor.
Prime Clerk LLC is the claims agent and maintains the Web site
https://cases.primeclerk.com/iHeartMedia

                      Other Professionals

The 2021 Noteholder Group is represented by Gibson Dunn & Crutcher
LLP and Quinn Emanuel Urquhart & Sullivan, LLP as co-counsel; and
GLC Advisors & Co. as financial advisor.

The ad hoc group of Term Loan Lenders is represented by Arnold &
Porter Kaye Scholer LLP as counsel; and Ducera Partners as
financial advisor.

The Legacy Noteholder Group is represented by White & Case LLP as
counsel.

The Debtors' equity sponsors are represented by Weil, Gotshal &
Manges LLP as counsel.


IHEARTMEDIA INC: Senior Creditors to Get 94% of Equity Under Plan
-----------------------------------------------------------------
iHeartMedia, Inc. (PINK:IHRT) and its affiliates commenced these
chapter 11 cases to comprehensively address their balance sheet and
position their businesses for continued growth and long-term
success.

Brian Coleman, senior vice president and treasurer, explains that
the Debtors -- acquired in a leveraged buyout transaction that
closed on the eve of the 2008 financial crisis -- have a balance
sheet that carries approximately $16 billion of funded debt that
required payment of approximately $1.4 billion of cash interest in
2017, and recognized approximately $3.6 billion of revenue in
2017.

Over the past decade, the Debtors and their competitors have
encountered significant and unexpected macroeconomic and
industry-specific headwinds that limited their ability to generate
cash flows, grow their businesses, and satisfy obligations under
their capital structure. Among other factors, the global economic
downturn that began in 2008 resulted in a decline in advertising
and marketing spending by the Debtors' customers, which resulted in
a corresponding decline in advertising revenues across the Debtors'
business.  Then, as the economy recovered, the Debtors' industry
faced new and intense competition from the rapidly-growing internet
and digital advertising industry and the entry of on-demand
streaming services, both of which siphoned off the share of
advertiser revenues allocated by agencies and brands to broadcast
radio.  The Debtors have taken various operational steps to stem
the negative effect of these trends; among other initiatives, the
Debtors have successfully developed emerging platforms including
its industry-leading iHeartRadio digital platform and
nationally-recognized iHeartRadio-branded live events that are
audio and video streamed and televised nationwide. Today, the
Debtors have a broadcast audience twice the size and a digital
audience six times the size of the next largest radio company, the
number one reach in virtually every demographic, and are a leading
digital player in reach among millennials monthly.

The Debtors proactively tried to address their balance sheet
challenges by undertaking a series of capital markets transactions
over the years (including refinancing, repurchasing, or extending
approximately $21 billion of debt since 2008). Notwithstanding
these efforts, external factors limited financial performance,
growth opportunities, and liquidity.  When coupled with the
Debtors' capital structure, these business realities made it
apparent that a more comprehensive restructuring transaction was
necessary to right-size the Debtors' balance sheet.

In pursuit of a comprehensive restructuring transaction, the
Debtors explored a variety of potential paths and did not take the
step of this chapter 11 filing quickly or lightly.  The Debtors
expended significant efforts to address their balance sheet on a
consensual basis, which efforts ultimately led to the agreement in
principle.  As part of the process, the Debtors worked closely with
experienced restructuring advisors at Moelis & Company, Kirkland &
Ellis LLP, and Alvarez & Marsal.  To address potential conflicts
that could arise in the restructuring between the Debtors and the
Debtors' equity sponsors (who also hold certain senior debt
positions), the Debtors also appointed two experienced independent
board members (who had the benefit of advisors at Munger, Tolles &
Olson LLP and Perella Weinberg Partners).  Since their appointment
in May of 2016, these independent directors have heavily
participated in the Debtors' efforts to develop and negotiate
restructuring alternatives.

In 2016, the Debtors began to extensively engage with the
principals and advisors of an ad hoc group of holders of the
Debtors' Term Loan Credit Facility and PGNs (collectively, the
"Senior Creditors") represented by Jones Day (as counsel) and PJT
Partners (as financial advisor) (the "Senior Creditor Group").
While a global exchange offer launched by the Debtors in March 2017
did not gain traction with creditors, negotiations regarding
alternative restructuring transactions did progress significantly
in late 2017 and early 2018.

Discussions with the Senior Creditor Group intensified and
eventually expanded to include representatives from all segments of
the Debtors' capital structure, including the 2021 Notes, Legacy
Notes, and equity sponsors (collectively, the "Junior
Stakeholders").  As set forth in a series of proposals and
counter-proposals that were disclosed in July 2017, October 2017,
November 2017, February 2018, and March 2018, the Debtors and their
stakeholders made meaningful progress on what a comprehensive
restructuring of the Debtors would look like, including that:

   * The iHM business and CCOH businesses would be separated in a
tax-efficient manner;

   * Reorganized iHeart5 would have new debt of $5.75 billion that
would be secured by substantially all assets of Reorganized iHeart
with a 5-7 year maturity;

   * Senior Creditors would receive 100% of iHeart's ownership
interests in CCOH (as separated from iHeart); and

   * Senior Creditors would receive all of the debt and equity of
Reorganized iHeart that was not distributed to the Junior
Stakeholders.

The hurdle that took the most time and effort for the Debtors to
overcome was the detail regarding this last point (i.e., the amount
of value -- debt and/or equity -- that would be distributed to
Junior Stakeholders in a restructuring and how it would be
allocated among the Junior Stakeholders).  Under all proposals,
stakeholders recognized that nearly all the value of the Debtors
should be distributed to, and allocated among, the Senior
Creditors, but agreement on the details of the slice of value that
would be distributed to, and allocated among, the Junior
Stakeholders remained elusive.  

Ultimately, however, the Debtors, the approximately $10 billion of
supporting creditors, and their equity sponsors were able to bridge
the gap in the hours leading up to the filing of the chapter 11
cases and the agreement in principle contemplates that Senior
Creditors will receive all but 6% of the equity of Reorganized
iHeart (with 5% of the equity being shared pro rata by holders of
the 2021 Notes and Legacy Notes and 1% of the equity being shared
pro rata by the Debtors' existing equityholders) and $200 million
of the new secured debt (shared pro rata by holders of the 2021
Notes and Legacy Notes).

A full-text copy of iHeartMedia's Proposed Draft Restructuring
Support Agreement, dated March 15, 2018, is available at
https://is.gd/mczCFe

A full-text copy of iHeartMedia's Proposed Draft Restructuring Term
Sheet, dated March 15, 2018, is available at https://is.gd/eErQgG

                    About iHeartMedia, Inc. and
                     iHeartCommunications, Inc.

iHeartMedia, Inc. (PINK:IHRT), the parent company of
iHeartCommunications, Inc., is a global media and entertainment
company.  Based in San Antonio, Texas, iHeartCommunications
specializes in radio, digital, outdoor, mobile, social, live
events, on-demand entertainment and information services for local
communities, and uses its unparalleled national reach to target
both nationally and locally on behalf of its advertising partners.
The Company operates 849 radio stations.  The Company's outdoor
business reaches over 34 countries across five continents.

To implement a balance sheet restructuring, iHeartMedia and 38 of
its subsidiaries, including iHeartCommunications, Inc., filed
voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex.) on March 14, 2018.  The cases
are pending before the Honorable Marvin Isgur, and the Debtors have
requested joint administration of the cases under Case No.
18-31274.

Clear Channel Outdoor Holdings, Inc. and its subsidiaries did not
commence Chapter 11 proceedings.

As of Sept. 30, 2017, iHeartCommunications had $12.25 billion in
total assets, $23.93 billion in total liabilities and a total
stockholders' deficit of $11.67 billion.

Kirkland & Ellis LLP is serving as legal counsel to iHeartMedia,
Moelis & Company is serving as the Company's investment banker, and
Alvarez & Marsal is serving as the Company's financial advisor.
Prime Clerk LLC is the claims agent and maintains the Web site
https://cases.primeclerk.com/iHeartMedia

                      Other Professionals

The 2021 Noteholder Group is represented by Gibson Dunn & Crutcher
LLP and Quinn Emanuel Urquhart & Sullivan, LLP as co-counsel; and
GLC Advisors & Co. as financial advisor.

The ad hoc group of Term Loan Lenders is represented by Arnold &
Porter Kaye Scholer LLP as counsel; and Ducera Partners as
financial advisor.

The Legacy Noteholder Group is represented by White & Case LLP as
counsel.

The Debtors' equity sponsors are represented by Weil, Gotshal &
Manges LLP as counsel.


INNOVATION GROUP: Bank Debt Trades at 14.8% Off
-----------------------------------------------
Participations in a syndicated loan under which Innovation Group
Plc is a borrower traded in the secondary market at 85.2
cents-on-the-dollar during the week ended Friday, March 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.93 percentage points from the
previous week. Innovation Group pays 525 basis points above LIBOR
to borrow under the $138 million facility. The bank loan matures on
September 7, 2022. Moody's don't rate the loan and Standard &
Poor's also. The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Friday, March 2.


INTERPACE DIAGNOSTICS: Board OKs Appointments of CAO and CFO
------------------------------------------------------------
The board of directors of Interpace Diagnostics Group, Inc.,
approved on March 7, 2017, the appointment of Thomas Freeburg, age
50, as chief accounting officer (and principal accounting officer)
of the Company.  

"There is no arrangement or understanding between Mr. Freeburg and
any other person pursuant to which he was selected to serve in any
Company office.  Mr. Freeburg has no family relationship with any
director or executive officer or person nominated or chosen by the
Company to become a director or executive officer of the Company.
Since the beginning of 2017, there has not been any transaction, or
series of similar transactions, and there is not currently any
proposed transaction, or series of similar transactions, to which
the Company or any of its subsidiaries was or is to be a party, in
which the amount involved exceeds $120,000, in which Mr. Freeburg
had or will have a direct or indirect material interest," the
Company disclosed in a Form 8-K filed with the Securities and
Exchange Commission.

Mr. Freeburg has served as corporate controller for the Company
from October 2017 until the present, was an independent consultant
from 2015 to September 2017, and from 2009 to 2014 was employed at
Tapestry, Inc. (formerly Coach, Inc.) as director of SEC Reporting
and Accounting Policies.

Mr. Freeburg is entitled to receive an annual base salary of
$165,000 paid in accordance with the Company's payroll practices.
Mr. Freeburg is also eligible to receive an annual performance
bonus, depending upon his performance and the Company's
profitability.  Mr. Freeburg's target bonus is up to 25% of his
annual base salary.  Mr. Freeburg is also eligible to participate
in an annual stock based incentive plan under which he may be
awarded restricted stock options and restricted stock grants at the
end of each year, subject to certain performance goals.  Mr.
Freeburg is also eligible to participate in any benefit plans that
may be offered from time to time by the Company to its employees
generally and in the Company's 401(k) plan, in each case subject to
his satisfaction of the applicable eligibility provisions.

In addition, on March 7, 2017 the Board approved the employment
agreement of James Early, the Company's chief financial officer,
corporate secretary and treasurer.  Mr. Early is entitled to
receive an annual base salary of $250,000 paid in accordance with
the Company's payroll practices.  Such base salary is subject to
adjustment on an annual basis by the Company's chief executive
officer, in consultation with the Board's compensation committee.
Mr. Early is also eligible to receive an annual performance bonus,
subject to the attainment of annual performance goals as set and
determined by the Company's chief executive officer, in
consultation with the Board's compensation committee.  Mr. Early's
target bonus is up to 30% of his annual base salary.  Mr. Early is
also eligible to participate in an annual stock based incentive
plan under which he may be awarded restricted stock options and
restricted stock grants at the end of each year, subject to certain
performance goals.  Mr. Early is also eligible to participate in
any benefit plans that may be offered from time to time by the
Company to its senior management.

Mr. Early is an at-will employee of the Company.  However, in the
event that Mr. Early is terminated by the Company for any reason
other than death, total disability or cause, or if Mr. Early
resigns for good reason, Mr. Early is entitled to (i) payment of
six months of his then current base salary and (ii) six months
continuation of his health benefits.

Further, on March 7, 2017, in connection with the Company's Amended
and Restated 2004 Stock Award and Incentive Plan, the Board's
compensation committee awarded stock options and restricted stock
grants for the Company's chief executive officer, chief financial
officer and chief commercial officer.  The options and stock grants
both vest in equal installments annually over a three year period
and the stock options have an exercise price of $1.01.  The amounts
are detailed below:

                                    Number of      Number of
Name/                                Stock        Restricted
Title                              Options       Stock Grants
-----                              ----------    ------------
Jack Stover                          
Chief Executive Officer              224,000         56,000

James Early                           
Chief Financial Officer               56,000         14,000

Gregory Richard                      
Chief Commercial Officer             112,000         28,000

                  About Interpace Diagnostics

Headquartered in Parsippany, New Jersey, Interpace Diagnostics
Group, Inc. -- http://www.interpacediagnostics.com/-- is a fully
integrated commercial company that provides clinically useful
molecular diagnostic tests and pathology services for evaluating
risk of cancer by leveraging the latest technology in personalized
medicine for better patient diagnosis and management.  The Company
currently has three commercialized molecular tests; PancraGEN for
the diagnosis and prognosis of pancreatic cancer from pancreatic
cysts; ThyGenX, for the diagnosis of thyroid cancer from thyroid
nodules utilizing a next generation sequencing assay and ThyraMIR,
for the diagnosis of thyroid cancer from thyroid nodules utilizing
a proprietary gene expression assay.  Interpace's mission is to
provide personalized medicine through molecular diagnostics and
innovation to advance patient care based on rigorous science.

BDO USA, LLP, in Woodbridge, New Jersey, 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 continuing operations that raise substantial doubt
about its ability to continue as a going concern.

Interpace reported a net loss of $8.33 million on $13.08 million of
net revenue for the year ended Dec. 31, 2016, following a net loss
of $11.35 million on $9.43 million of net revenue for the year
ended Dec. 31, 2015.  As of Sept. 30, 2017, Interpace Diagnostics
had $50.39 million in total assets, $14.01 million in total
liabilities and $36.37 million in total stockholders' equity.


IRON MOUNTAIN: Moody's Rates New $500MM Sr. Secured Term Loan Ba3
-----------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to Iron Mountain
Information Management, LLC's proposed $500 million of term loan B.
Iron Mountain Information Management, LLC is a subsidiary of Iron
Mountain Incorporated ("Iron Mountain"). Iron Mountain's existing
ratings, including its Ba3 Corporate Family Rating (CFR), and the
negative ratings outlook are not affected. The company plans to use
the proceeds from the new term loan issuance, along with an upsize
of its Australian Dollar term loan by approximately $100 million,
to refinance a portion of the outstanding borrowings under its
existing revolving credit facility.

RATINGS RATIONALE

The proposed transactions will increase Iron Mountain's flexibility
to fund anticipated capital requirements. Iron Mountain's Ba3 CFR
reflects its elevated leverage and persistent free cash flow
deficits that Moody's expects to continue through 2020. While
management has a stated target of improving leverage to 5x on its
lease-adjusted basis by 2020, the company's large funding
requirements for dividends, capital expenditures and acquisitions
increases the risks to achieving this target.

The Ba3 CFR is supported by Iron Mountain's leading market position
in the North American storage and information management market,
large base of recurring storage rental revenues and enhanced
geographical footprint and scale after the acquisition of Recall.
Iron Mountain's strong brand and market share in North America
provide it with pricing power that supports its strong EBITDA
margins. The synergies from the acquisition of Recall and a good
demand and pricing environment are driving strong EBITDA growth. At
the same time, the company faces long-term risks from the mature
demand for its storage and data management services in developed
markets in North America and Western Europe.

The negative ratings outlook reflects Iron Mountain's elevated
leverage, which Moody's expects to decline slowly but likely remain
near the mid 5x in 2019.

Iron Mountain's SGL-3 liquidity rating reflects its adequate
liquidity primarily supported by nearly $1 billion of availability
under its $1.75 billion revolving credit facility, pro forma for
the new term loans, approximately $300 million of cash balances,
and a manageable debt maturity profile.

Moody's could downgrade Iron Mountain's ratings if total debt to
EBITDA (Moody's adjusted) does not decline and is expected to
remain above the mid 5x or liquidity weakens materially. Given the
high leverage and a negative outlook, a rating upgrade is not
expected in the near term. Moody's could upgrade Iron Mountain
ratings if the company establishes a track record of deleveraging,
uses a meaningful amount of equity to fund its annual cash deficits
and maintains good EBITDA growth. The rating could be upgraded if
Iron Mountain could sustain total debt to EBITDA below 4.5x
(Moody's adjusted) and retained cash flow to net debt approaches
10%.

Moody's has taken the following rating actions:

Assignments:

Issuer: Iron Mountain Information Management, LLC

-- $500 million of Senior Secured Term Loan B, Assigned Ba3
    (LGD3)

Iron Mountain is a global provider of information storage and
related services with $3.85 billion in revenues in 2017.


J. HOWARD RESTAURANT: Taps Fowler Business as Enrolled Agent
------------------------------------------------------------
J. Howard Restaurant Partners, LLC, seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire an
enrolled agent.

The Debtor proposes to employ Fowler Business Services, Inc. to
prepare its monthly internal financial statements, which will
include implementation of QuickBooks accounting system; prepare tax
returns; and assist in the workout process with creditors and any
other business services directly related to its Chapter 11 case.

Fowler charges a flat fee of $1,500 to bring back work up to date
from November 2017 to January 2018; a monthly fee of $700 for
preparing monthly bookkeeping, which includes internal financial
statements and bank reconciliation; an hourly fee of $100 for
QuickBooks accounting system consulting; $800 for preparing the
annual corporate federal tax return; $25 per return for preparing
the monthly or quarterly sales tax return; and $275 per return for
preparing the franchise tax return.

Barry Fowler, an enrolled agent employed with Fowler, disclosed in
a court filing that he does not hold any interest adverse to the
Debtor's estate, creditors or equity security holders.

The firm can be reached through:

     Barry G. Fowler
     Fowler Business Services, Inc.
     12250 Queenston Blvd., Suite A
     Houston, TX 77095
     Phone: (281) 463-3430
     Fax: 281-463-3489
     E-mail: taxadvisor@fowlertax.com

              About Howard Restaurant Partners

J. Howard Restaurant Partners LLC, which conducts business under
the name Jaxton's Bistro & Bar, operates a full-service restaurant
and bar in Cypress, Texas, serving Italian & French cuisine.  It is
a small business debtor as defined in 11 U.S.C. Section 101(51D).

J. Howard Restaurant Partners sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Texas Case No. 18-30576) on Feb.
8, 2018.

In its petition signed by Jason Howard, managing member, the Debtor
disclosed $173,000 in assets and $1.19 million in liabilities.  

Judge Jeff Bohm presides over the case.

The Law Office of Margaret M. McClure is the Debtor's bankruptcy
counsel.


KARIA Y WM: Wants to Use AFNB's Cash Collateral
-----------------------------------------------
Karia Y WM Houston, Ltd., seeks permission from the U.S. Bankruptcy
Court for the Southern District of Texas to use cash collateral in
accordance with a proposed budget.

Karia told the Court that it does not have any other operations
other than owning the property located at 7801 Westheimer Road,
Houston, Texas. American 1st National Bank (AFNB) is a secured
lender that has a lien on both the mentioned property and rents.

The Debtor disclosed that in May 2011, it executed a renewal
promissory note, deed of trust, security agreement, financing
statement, assignment of rents and related loan documents in favor
of AFNB in the principal balance of $4.3 million.

According to Karia, Bayou Social Club, LLC, a non-affiliated third
party leased the property in November 2017.  The monthly rent for
the property is at $37,000 with Bayou Social also buying certain
equipment and personal property from the Debtor at a purchase price
of $300,000.  Half of this was paid AFNB with the remaining half
being paid to the Debtor subsequent to the bankruptcy filing. While
the Debtor was able to make some payments to AFNB during the last
part of 2017, the Debtor became delinquent.  AFNB then accelerated
the loan resulting in the property being foreclosed in February and
thus forcing the Debtor to file for bankruptcy protection.

As of Feb. 5, 2018, the Debtor owes AFNB the amount of $3.9
million.

The Debtor informed the Court that it wants authority to use cash
collateral in order to preserve the value of its business. While it
does not have any operations, the Debtor said that certain post
petition expenses will need to be paid such as accounting fees for
tax return preparation, appraisal fees for an appraisal of the
Property, other professional fees, as necessary and US Trustee
fees.

Under the proposed budget for the period March 25, 2018 to June 25,
2018, the Debtor projects cash of $298,000 with total expenses
amounting to $29,850.

The Debtor said that while the terms of the agreed order has yet to
be finalized, AFNB has agreed to the Debtor's request to use cash
collateral with the agreed order to include, among others: (a) the
Debtor using cash Collateral pursuant to an approved budget, with a
10% variance per line item and the ability to apply any un-used
budgeted funds at its discretion; and (b) AFNB's prepetition liens
will be adequately protected by replacement liens to the same
extent and priority as their respective prepetition liens.

A full-text copy of the Debtor's motion can be viewed at:

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

                   About Karia Y WM Houston

Karia Y WM Houston, Ltd., managed by general partner Tony Z WM
Houston LLC, owns a 65,165 sq. ft parcel of nonresidential real
property and related improvements located at 7801 Westheimer Road,
Houston, Texas.  The company filed a Chapter 11 petition (Bankr.
S.D. Tex. Case No. 18-30521) on Feb. 5, 2018.  Melissa A. Haselden,
Esq., at HOOVER SLOVACEK LLP, serves as counsel to the Debtor.


KELLERMEYER BERGENSONS: Loan Upsize Credit Neutral, Moody's Says
----------------------------------------------------------------
Moody's said that the proposed upsize of Kellermeyer Bergensons
Services, LLC's first lien term loan facility is credit neutral
given that credit metrics do not weaken significantly pro forma for
this transaction and are offset by better liquidity and the
operating benefits of the acquisitions funded by the upsize. Credit
metrics remain in line with Moody's expectations for the B3 rating
category given the company's operating profile. The company's
ratings, including its B3 Corporate Family Rating, B2 rating on its
first lien credit facilities, and its stable outlook, are not
affected by this transaction. KBS is planning to utilize $40
million of incremental first lien term loan to fund the purchase of
a provider of janitorial services to the food service, restaurant,
entertainment and hospitality industries. The transaction results
in about $10 million increase in funded debt, and slightly weakens
KBS' credit metrics. However, it also enhances the company's
near-term liquidity by increasing revolver availability given the
repayment of outstanding borrowings.

Kellermeyer Bergensons Services, LLC, based in Maumee, Ohio and
Oceanside, California, is a national provider of outsourced
janitorial services primarily to the retail industry. The company
serves over 43,500 customer locations across 50 states, Puerto Rico
and Canada. KBS was created as a result of a merger between
Kellermeyer Building Services (founded in 1967) and Bergensons
Property Services (founded in 1984) in 2011. The company is
majority owned by GI Partners since 2014. Inclusive of recent and
contemplated acquisitions, KBS' pro forma revenue base is estimated
to approach $670 million as of FY 2017 versus standalone revenues
of $475 million.


KINGDOM MEDICINE: Files Plan to Exit Chapter 11 Protection
----------------------------------------------------------
Kingdom Medicine, P.A., filed with the U.S. Bankruptcy Court for
the District of Maryland its proposed plan to exit Chapter 11
protection.

Under the plan of reorganization, unless a holder of a Class 3
general unsecured claim agrees to less favorable treatment, such
holder will receive on January 1 of each year subsequent to full
payment of tax claims its pro rata (with other holders of general
claims) portion of the available funds in a "distribution account"
until the funds in the account are exhausted.  

The total amount of general claims listed on Kingdom Medicine's
schedule is $4,087,677.21.  Class 3 claims are impaired under the
proposed plan.

Prior to the effective date of the plan, a distribution fiduciary
will be designated who will open an account to be entitled the
"Kingdom Creditor Distribution Account."  Kingdom Medicine
anticipates that Dr. Leonard Richardson will be designated as the
distribution fiduciary.

Kingdom Medicine will deposit into the distribution account certain
funds, consisting of $4,000 per month until a total of $400,000 has
been deposited, plus proceeds recovered from the collection of
avoidable transfers.  Kingdom Medicine cannot yet estimate the
amount of the proceeds, according to its disclosure statement,
which explains the proposed restructuring plan.

A copy of the disclosure statement is available for free at
http://bankrupt.com/misc/mdb17-18482-143.pdf

                  About Kingdom Medicine, P.A.

Kingdom Medicine, P.A., is in the business of owning and operating
an adult and pediatric medical practice with offices located in
Pikesville, Germantown and Rockville, Maryland.

Kingdom Medicine filed for Chapter 11 bankruptcy protection (Bankr.
D. Md. Case No. 17-18482) on June 21, 2017, estimating its assets
at up to $50,000 and its liabilities at between $1 million and $10
million.

Judge Michelle M. Harner is the case judge.

James C. Olson, Esq., at James C. Olson, Attorney and Counselor at
Law, serves as the Debtor's bankruptcy counsel.


LANDS' END: Bank Debt Trades at 9.37% Off
-----------------------------------------
Participations in a syndicated loan under which Lands' End is a
borrower traded in the secondary market at 90.63
cents-on-the-dollar during the week ended Friday, March 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.16 percentage points from the
previous week. Lands' End pays 325 basis points above LIBOR to
borrow under the $515 million facility. The bank loan matures on
April 4, 2021. Moody's rates the loan 'B3' and Standard & Poor's
gave a 'B-' rating to the loan. The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday,
March 2.


LAURELS MEDICAL: Wants Court Nod to Use Cash Collateral
-------------------------------------------------------
Laurels Medical Services is asking the U.S. Bankruptcy Court for
the Eastern District California for permission to use cash
collateral.

The cash collateral, the Debtor revealed, consists of income from a
contract entered into with the Department of Veterans Affairs.  The
contract amounts to $112,000 per month with the funds disbursed
from the Department of Veterans Affairs being subjected to a lien
filed by the Internal Revenue Service.

The cash collateral is needed in for the Debtor to continue to pay
ongoing expenses of the business which under the proposed budget is
estimated to be $104,400 per month.

As adequate protection, the Debtor will provide replacement liens
for secured creditors, including the Internal Revenue Service, in
the post-petition proceeds in the same priority, validity, and
extent as they existed in the cash collateral expended, to the
extent that the use of cash collateral resulted in a reduction of a
creditor’s secured claim.

A hearing on the Debtor's motion is set for 10:30 a.m. on March 22,
2018.

A full-text copy of the motion is available at:

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

                  About Laurels Medical Services

Based in Carmichael, California, Laurels Medical Services provides
hospital transportation services.  The company filed for Chapter 11
protection (Bankr. E.D. Cal. Case No. 18-21107) on Feb. 27, 2018.
In the petition signed by Shiraz Mir, the Debtor estimated assets
and debt between $1 million and $10 million.
Edward A. Smith, Esq., Stephan M. Brown, Esq., and Daniel J.
Griffin, Esq., at
The Bankruptcy Group, P.C., serve as counsel to the Debtor.


LAWRENCE D. FROMELIUS: Galena Buying Lacon Property for $150K
-------------------------------------------------------------
Lawrence D. Fromelius asks the U.S. Bankruptcy Court for the
Northern District of Illinois to authorize the sale of
approximately 12 acres of real estate located at 812/814 State
Street, Lacon, Illinois, with Parcel ID Numbers of 04-24-300-009,
04-24-252-001, and 04-24-252-002, located in Marshall County,
Illinois, to Galena Road Gravel, Inc. or its designee for
$150,000.

A hearing on the Motion is set for March 13, 2018, at 9:30 a.m.

The Plan specifies that the Debtor's real estate assets will remain
in the bankruptcy estate so that they can be sold post-confirmation
pursuant to Section 363 of the Bankruptcy Code.  It contemplates an
orderly sale of real estate to generate funds to pay the Anne Marie
Barry Trust, among others.

One of the parcels to be sold is the Lacon Property.  Consistent
with the Plan, the Debtor has been endeavoring to sell the Lacon
Property, and, as such, received the Sale Agreement from the
Purchaser.  The Purchaser owns a business and land that is adjacent
to the Lacon Property and has expressed interest in expanding its
footprint to include the Lacon Property.  The Sale Agreement
contemplates that the Purchaser will have no more than a 60-day
period to conduct due diligence on the Lacon Property, after which
time the Debtor anticipates the sale will close.

The sale will be free and clear of all interests, liens, claims and
encumbrances of any kind or nature whatsoever.  To the best of his
knowledge, information, and belief, no entity claims an interest in
the Lacon Property, other than the Anne Marie Barry Trust, and the
Trustee of the Anne Marie Barry Trust has consented to the sale of
the Lacon Property and will be paid the proceeds from the sale in
accordance with the Debtor's Plan.

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

    http://bankrupt.com/misc/Lawrence_Fromelius_316_Sales.pdf

The Debtor will not receive any benefit from the sale other than
the consideration being paid, which will be used to further
implement his Plan.  The Debtor sent notice of the Motion and the
proposed sale to all creditors and parties in interest and the
party with the largest interest in the sale of the Lacon Property
-- the Anne Marie Barry Trust -- has consented to the sale.

The Debtor respectfully asks that the Court enters an order in (a)
authorizing him to enter into the Sale Agreement on shortened
notice and, if appropriate, to consummate the sale of the Lacon
Property for $150,000 to the Purchaser free and clear of all liens,
claims and encumbrances.

The Purchaser:

          GALENA ROAD GRAVEL, INC.
          4520 Main Street, Suite 1500
          Kansas City, MO 64111
          Attn: Peter Powell
          E-mail: pep@phrholdings.com

The Purchaser is represented by:

          LANTHROP & GAGE LLP
          Pierre Laclede Center
          77017701 Forsyth Boulevard, Suite 500
          Clayton, Missouri 63105
          Attn: Michael J. Adrian, Esq.
          Telephone: (314) 613-2832
          Facsimile: (314) 613-2801
          E-mail: madrian@lathropgage.com

                     About Lawrence Fromelius

Lawrence D. Fromelius filed a Chapter 11 petition (Bankr. N.D. Ill.
Case No. 15-22373) on June 29, 2015.  The Debtor tapped William J.
Factor, Esq., Ariane Holtschlag, Esq., and Jeffrey K. Paulsen,
Esq., at FactorLaw, as counsel.

L. Fromelius Investment Properties LLC filed a Chapter 11 petition
(Bankr. N.D. Ill. Case No. 15-22943) on July 2, 2015, and Golden
Marina Causeway LLC filed for relief under Chapter 11 (Bankr. N.D.
Ill. Case No. 16-03587) on Feb. 5, 2016.

Mr. Fromelius is the sole member of Investment Properties.  He is
also the sale member of East Greenfield Investors LLC, which in
turn is the sole member of Golden Marina Causeway LLC.  On Nov. 24,
2015, Lawrence Fromelius filed his initial plan of reorganization
and on Dec. 1, 2016, Investment Properties filed its initial plan
of reorganization.  Both of the plans have been amended to
incorporate changes requested by creditors, including the Ann Marie
Barry Trust, which has filed a claim of approximately $6 million.
Currently, the Debtors and the Ann Marie Barry Trust are
negotiating the terms of a disclosure statement to accompany the
plans.  On Oct. 3, 2017, the Court confirmed the Debtor's Third
Amended Plan of Reorganization dated Feb. 7, 2017, as amended May
12, 2017.

Golden Marina owns two parcels of real estate, located at 302 and
311 East Greenfield Avenue in Milwaukee, Wisconsin.  The parcel at
311 E. Greenfield consists of 47 acres and the smaller parcel at
302 E. Greenfield is approximately 1 acre.

On Aug. 8, 2017, the Court appointed At World Properties, LLC, as
Broker for the Debtor.


LEHMAN BROTHERS: Soured Mortgage Claims Valued at $2.4-Bil.
-----------------------------------------------------------
Andrew Scurria, writing for The Wall Street Journal Pro Bankruptcy,
reported that Lehman Brothers Holdings Inc. caused $2.4 billion in
damages to investors holding securities backed by shaky home
mortgages, a New York bankruptcy judge ruled, ending one of the
last remaining disputes in the defunct bank's nearly decadelong
liquidation.

According to the report, U.S. Bankruptcy Judge Shelley C. Chapman's
decision marks a loss for investors, mostly hedge funds, which said
their claims were worth $11.4 billion, and a win for Lehman's
bankruptcy administrators, who had proposed the $2.4 billion
figure.

She fixed the investors' claim after a 22-day trial surrounding
72,500 home loans from before the 2008 financial crisis that bond
trustees said were rife with misstatements about the borrowers'
income, their debts and their places of residence, the report
related.

Todd Cosenza, Esq., an attorney for the Lehman administrators, said
"we are gratified with the court's well-reasoned and thorough
decision, which we believe reflects a fair outcome for all
creditors," the report further related.

The report said neither side can appeal the decision under a trial
framework they worked out last year to resolve Lehman's liability
for lapses in underwriting standards on mortgages that it bundled
and securitized for resale.

Judge Chapman's ruling doesn't allow investors to collect on the
entirety of their $2.4 billion claim; they will be paid out on
equal footing with other Lehman unsecured creditors who also
haven't been fully repaid, the report added.

                     About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more than
150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers Holdings filed for Chapter 11 bankruptcy (Bankr.
S.D.N.Y. Case No. 08-13555) on Sept. 15, 2008.  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the largest
in U.S. history.  Several other affiliates followed thereafter.
Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset LLC
sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases were assigned to Judge James M. Peck.
Judge Shelley Chapman took over the case after Judge Peck retired
from the bench to join Morrison & Foerster.

A team of Weil, Gotshal & Manges, LLP, lawyers led by the late
Harvey R. Miller, Esq., serve as counsel to Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, served
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., served as the
Committee's investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant to
the provisions of the Securities Investor Protection Act (Case No.
08-CIV-8119 (GEL)).  James W. Giddens was appointed as trustee for
the SIPA liquidation of the business of LBI.  He is represented by
Hughes Hubbard & Reed LLP.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion.  Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees.  Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

                          *     *     *

In October 2016, the team winding down LBHI paid $3.8 billion to
creditors, the 11th distribution since Lehman's collapse in 2008.
This brought the total payout to more than $113.6 billion.
Bondholders were projected to receive about 21 cents on the dollar
when Lehman's bankruptcy plan went into effect in early 2012.  The
11th distribution raised the bondholders' recovery to more than 40
cents on the dollar and recoveries for general unsecured creditors
of Lehman's commodities to 79 cents on the dollar.  Lehman's
aggregate 12th distribution to unsecured creditors pursuant to its
confirmed Chapter 11 plan will total approximately $3.0 billion.


LEON GOORUM: Browne Buying Atlanta Property for $1.3 Million
------------------------------------------------------------
Leon Goorum asks the U.S. Bankruptcy Court for the Middle District
of Georgia to authorize the sale of 28 developed lots and 10
townhomes within the Notting Hill at Arlington subdivision located
along County Line Road near Campbellton Road in Atlanta, Georgia to
Tobias Browne for $1,325,000.

The Debtor's companies, Anchor Partners, LLC and Notting Hill, LLC,
own the Property.

The Property is more specifically described as follows:

      a. Townhomes:

          Tax-Id              Address          Lot SF  Bldg. SF

    14F-0043-LL-086-4  4314 Notting Hill Dr.    1,220   2,263
    14F-0043-LL-088-0  4310 Notting Hill Dr.    1,220   2,263
    14F-0043-LL-090-6  4306 Notting Hill Dr.    1,220   2,263
    14F-0043-LL-128-4  2219 Oxford Court        1,220   1,903
    14F-0043-LL-129-2  2221 Oxford Court        1,220   1,903
    14F-0043-LL-131-8  2225 Oxford Court        1,220   1,9033
    14F-0043-LL-138-3  4220 Notting Hill Dr.    1,220   2,263
    14F-0043-LL-1540   4221 Notting Hill Dr.    1,220   2,263
    14F-0043-LL-155-7  4219 Notting Hill Dr.    1,220   2,263
    14F-0043-LL-085-6  4316 Notting Hill Dr.    1,220   2,263

      b. Developed Lots

          Tax-Id              Address          Lot SF  Bldg. SF

    14F-0043-LL-100-3  4286 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-102-9  4282 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-103-7  4278 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-104-5  4276 Oxford Court        1,220   N/A
    14F-0043-LL-105-2  4274 Oxford Court        1,220   N/A
    14F-0043-LL-106-0  4272 Oxford Court        1,220   N/A
    14F-0043-LL-107-8  4270 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-108-6  4268 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-109-4  4266 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-110-2  4264 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-111-0  4262 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-112-8  4260 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-113-6  4258 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-114-4  4256 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-115-1  4254 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-116-9  4252 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-117-7  4250 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-118-5  4248 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-119-3  4246 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-120-1  4244 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-145-8  4287 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-146-6  4285 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-147-4  4283 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-148-2  4263 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-149-0  4261 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-150-8  4259 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-151-6  4257 Notting Hill Dr.    1,220   N/A
    14F-0043-LL-152-4  4255 Notting Hill Dr.    1,220   N/A

First-Citizens Bank & Trust Co. holds a first priority mortgage
against the Property.  Upon information and belief, as of the
Petition Date, First-Citizens is owed $3,405,931 in principal and
interest.  According to First-Citizens' most recent appraisal of
the Property, dated Sept. 18, 2017, the market value of the
Property is $1,325,000.

The Debtor proposes to sell the Property to the Purchaser for the
market value in an orderly fashion.  The parties have entered into
the Purchase and Sale Agreement.  The sale of the Property will be
free and clear of all liens, claims, interests and encumbrances,
with such valid liens, claims, interests and encumbrances to attach
to the proceeds of sale.

The key terms of the Purchase Agreement are:

     a. Purchase Price: $1,325,000

     b. Contingencies: The Purchase Agreement does not have any
contingencies.

     c. Broker(s): There are no brokers entitled to any
commissions.

     d. Deposit: $5,000

     e. Closing Date: The closing will occur within 60 days
following the due diligence period.

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

   http://bankrupt.com/misc/Leon_Goodrum_77_Sales.pdf

The Purchaser:

          Tobias Browne
          233 Mitchell Street Suite 302
          Atlanta, Georgia 30303
          Telephone: (404) 450-9184
          E-mail: Tobias@Your-Atlanta.com

The Purchaser is represented by:

          Guillermo Todd, Esq.
          KITCHENS KELLEY GAYNES, P.C.
          Glenridge Highlands One, Suite 800,
          5555 Glenridge Connector
          Atlanta, GA 30342
          Telephone: (404) 231-4100
          Facsimile: (404) 554-1923
          E-mail: gtodd@kkgpc.com

Counsel for First Citizens:

          CHASE CARD
          P.O. Box 15298
          Wilmington, DE 19850-5298

Counsel for the Debtor:

           John A. Moore, Esq.
           THE MOORE LAW GROUP, LLC
           1745 Martin Luther King Jr. Dr.
           Atlanta, GA 303014
           Telephone: (404) 758-9111
           Facsimile: (888) 553-0071

Leon Goorum sought Chapter 11 protection (Bankr. M.D. Ga. Case No.
17-51416) on July 5, 2017.


LIBERTY INTERACTIVE: S&P Cuts Sr. Unsecured Notes Rating to 'BB-'
-----------------------------------------------------------------
S&P Global Ratings lowered its issue-level rating on the senior
unsecured notes of Liberty Interactive LLC to 'BB-' from 'BB' and
revised the recovery rating to '5' from '3', consistent with its
previous expectations for the GCI Communications (GCI) transaction.
S&P said, "The '5' recovery rating reflects our expectation for
modest (10% to 30%; rounded estimate 15%) recovery in the event of
a default. At the same time, we removed the unsecured debt ratings
on Liberty Interactive LLC from CreditWatch, where we placed them
with negative implications on April 4, 2017."

The downgrade of the unsecured notes follows the completion of the
GCI acquisition by Liberty Interactive Corp., parent of Liberty
Interactive LLC. Liberty Interactive contributed a majority of its
equity investment securities held under Liberty Ventures to GCI,
which was subsequently split-off into an independent
publicly-traded company. This led to a reduction in collateral
available for unsecured debt holders. The unsecured debt
outstanding at Liberty Interactive LLC includes $750 million in
1.75% exchangeable debentures due 2046 that the company had
previously expected to redeem with cash received from GCI. These
notes are not yet redeem and therefore are included in S&P's
recovery analysis.  

S&P said, "Our '1' recovery rating and 'BBB-' issue-level rating on
QVC Inc.'s secured debt are unchanged. Our 'BB' corporate credit
rating and stable outlook are also unchanged."

RATINGS LIST

  Liberty Interactive Corporate
   Corporate credit rating       BB/Stable/--

  Downgraded; Off CreditWatch
                                 To             From
  Liberty Interactive LLC
   Senior unsecured notes        BB-            BB/Watch Neg
    Recovery rating              5(15%)         3(60%)


LINDBLAD EXPEDITIONS: Moody's Affirms B2 Corporate Family Rating
----------------------------------------------------------------
Moody's Investors Service affirmed Lindblad Expeditions, LLC's
("Lindblad" Nasdaq: LIND) Corporate Family Rating (CFR) and
Probability of Default Rating (PDR) at B2 and B3-PD, respectively.
At the same time, Moody's assigned a B2 rating to the company's
newly proposed senior secured first lien credit facilities,
consisting of a $45 million 5-year revolving facility and a $200
million 7-year term loan. Moody's also affirmed the company's
Speculative Grade Liquidity Rating at SGL-1. Proceeds from the new
term loan will be used to refinance existing term loan borrowings,
add roughly $25 million of cash to the company's balance sheet, and
pay transaction fees and expenses of about $4 million. As a result
of the refinancing, Moody's plans to withdraw the ratings on the
company's existing senior secured first lien credit facilities at
the close of the transaction. The ratings outlook is maintained at
stable.

According to Brian Silver, Vice President and Moody's lead analyst
for the company, "The affirmation of Lindblad's ratings reflects
Moody's expectation that the company will grow its profitability,
largely driven by its ongoing fleet expansion, and deleverage from
FYE17 pro forma adjusted debt-to-EBITDA of approximately 4.6 times
to below 4.0 times over the next 12 to 18 months. However, Lindblad
will continue to be exposed to unforeseen factors that could
inhibit travel, including viruses or security threats in certain
regions among other factors outside of its control. In addition,
mechanical failures led to some voyage cancellations in FY17, and
while not anticipated to recur, they do represent an ongoing risk
to Moody's expectations."

The following ratings have been assigned (subject to final
documentation):

New $45 million Gtd Senior Secured First Lien Revolving Credit
Facility due 2023 at B2 (LGD3);

New $200 million Gtd Senior Secured First Lien Term Loan due 2025
at B2 (LGD3).

The following ratings have been affirmed:

Corporate Family Rating at B2;

Probability of Default Rating at B3-PD;

Speculative Grade Liquidity Rating at SGL-1.

The following ratings will be withdrawn at the close of the
transaction (subject to final documentation):

$45 million Senior Secured First Lien Revolving Credit Facility due
2020 rated B2 (LGD3);

$175 million principal ($171 million outstanding) Senior Secured
First Lien Term Loan due 2021 rated B2 (LGD3).

Outlook Action:

The ratings outlook is maintained at stable

RATINGS RATIONALE

Lindblad Expeditions, LLC's credit profile is constrained by its
relatively small size and narrow product focus, susceptibility to
factors that could inhibit travel, and exposure to consumer
confidence and associated discretionary spending dynamics. In
addition, the company is expected to generate negative free cash
flow over the next year owing to growth capital investments
stemming from the company's ongoing fleet expansion. Any mechanical
failures or unplanned drydocking of Lindblad's ships could
materially impact profitability. Moody's also expects the
expedition industry to become increasingly competitive as a result
of new entrants over the next few years. However, Lindblad's credit
profile is supported by its relatively high margins and
expectations for material deleveraging from approximately 4.6 times
Moody's adjusted debt-to-EBITDA over the next 12 to 18 months. The
company's credit profile is also supported by its partnerships with
National Geographic and the World Wildlife Fund (via the 2016
acquisition of Natural Habitat) and differentiated distribution
channels relative to the large cruise lines with a lower degree of
reliance on travel agents. Lindblad also generates relatively high
yields per passenger as a result of its premium pricing, which is
largely a function of its travel to unique destinations which
attract an affluent target market. The company is also expected to
maintain very good liquidity supported by relatively large cash
balances and the presence of a $45 million revolving credit
facility.

The stable rating outlook reflects Moody's expectation that the
company will grow its revenue and profitability materially over the
next 12 to 18 months, largely driven by capacity expansion from new
ships. The company is also expected to maintain at least a good
liquidity profile over the next twelve months as it continues to
expand its fleet.

The rating could be downgraded if Lindblad's leverage, as measured
by Moody's adjusted debt-to-EBITDA, is sustained above 5.0 times,
if EBITDA margins are sustained below 15%, or if there is a
material weakening of liquidity. Alternatively, the ratings could
be upgraded if the company continues to grow its scale materially,
EBITDA margins are sustained above 20%, and leverage is sustained
below 3.75 times.

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

Lindblad Expeditions, LLC and its consolidated subsidiaries
("Lindblad" - Nasdaq: LIND), headquartered in New York, NY, is a
provider of tour and adventure travel related services to over 40
destinations spanning all seven continents. The company owns and
operates seven expedition ships and five seasonal charter vessels
with capacities ranging from roughly 25 to 150 guests per voyage.
In March 2015, Lindblad entered into a definitive merger agreement
with Capitol Acquisition Corp. II (the "Sponsor") in a cash and
stock transaction valued at $439 million. Lindblad generated sales
for the twelve months ended December 31, 2017 (FY17) of
approximately $266.5 million.


LINDBLAD EXPEDITIONS: S&P Rates $245MM Secured Loans 'BB'
---------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '2'
recovery rating to New York City-based cruise operator Lindblad
Expeditions Holdings Inc.'s proposed $245 million senior secured
credit facility, consisting of a $45 million revolver due 2023 and
a $200 million term loan due 2025. The '2' recovery rating reflects
S&P's expectation for substantial (70% to 90%; rounded estimate:
80%) recovery for lenders in the event of a payment default. The
credit facility will be issued under Lindblad's subsidiaries
Lindblad Expeditions LLC and Lindblad Maritime Enterprises Ltd.

Lindblad plans to use proceeds from the term loan to fully repay
amounts outstanding under the company's existing term loan ($171
million at Dec. 31, 2017), to add cash to the balance sheet, and
for transaction related fees and expenses.

S&P said, "Our 'BB-' corporate credit rating and negative outlook
are unchanged. Although we are forecasting good (10% to 15%) EBITDA
growth in 2018, this level of EBITDA growth is lower than our
previous base-case forecast because Lindblad is taking delivery of
its next ship later than we had previously expected, resulting in
lower capacity in 2018. Also, Lindblad is incurring additional debt
with this proposed financing, which we believe will be available to
support a heightened level of capital expenditures. As a result, we
now forecast adjusted leverage in the high-3x area in 2018 compared
to the mid-3x area under our previous base-case forecast. This
level of forecasted leverage reflects minimal cushion relative to
our 4x adjusted leverage downgrade threshold for the company.
Nevertheless, we are not lowering the rating because we expect
leverage to improve meaningfully, to the low-3x area, in 2019 due
to EBITDA growth from delivery of a new ship in late 2018 and
modest debt reduction."

S&P's base-case expectation for leverage is based on the following
assumptions:

-- Continued economic growth supports demand for leisure
activities, including cruising. U.S. real GDP growth of 2.8% in
2018 and 2.2% in 2019, and U.S. consumer spending growth of 2.7% in
2018 and 2.3% in 2019. S&P is forecasting oil prices to increase
5.5% in 2018 and 6.4% in 2019.

-- 2018 revenue to grow in the mid- to high-teens percent area
reflecting a full year benefit of operations of the National
Geographic Quest (delivered July 2017), and high-teens percent
growth in the Natural Habitat segment due to additional inventory.
S&P is forecasting net yield growth in the mid-single-digit percent
area driven by the benefit of the Quest, and a favorable economic
climate.

-- 2018 EBITDA (adjusted for stock compensation expense) to
increase around 10% to 15% driven by our forecast for revenue to
increase along with a modest increase in expenses. S&P said, "We
are forecasting cost of tours, on an available guest night basis,
to increase modestly due to inflationary pressures, and we are
forecasting a modest increase in selling and marketing expenses to
promote the National Geographic Venture (expected to be delivered
late-2018). Further, we are forecasting fuel expense, on an
available guest night basis, to increase modestly."

-- 2019 revenue to increase in the high-single-digit percent area
driven by a full year benefit of operations of the Venture. S&P is
forecasting net yield growth in the mid-single-digit percent area
driven by a full-year benefit of the Venture, and it believes
pricing will be supported by a favorable economic climate.  

-- 2019 EBITDA growth in the mid-20% area driven by S&P's forecast
for revenue growth and only a modest increase in expenses.

-- Heightened capital expenditures in 2018 related largely to
progress payments for new ship builds and the final payments
related to the Venture.

-- 2019 capital expenditures decline meaningfully from 2018 levels
since there will be no new ship deliveries in 2019 and S&P does not
expect meaningful progress payments for new ships.

S&P said, "The negative outlook reflects our expectation for
adjusted leverage to be in the high-3x area in 2018, reflecting
minimal cushion relative to our 4x downgrade threshold. We could
lower ratings if we believed adjusted leverage would be sustained
above 4x and adjusted funds from operations (FFO) to debt were to
be sustained below 20%. This could result from a modest
underperformance relative to our forecast, which we believe would
likely be the result unexpected voyage cancellations, or a
geopolitical or other event that that would lead to a soft booking
environment for the remainder of 2019 inventory. We could revise
the outlook to stable once we are confident leverage will generally
be sustained below the mid-3x area since we believe this level of
leverage would provide sufficient cushion to our downgrade
threshold to withstand volatility in EBITDA resulting from
unplanned voyage cancellations."

RECOVERY ANALYSIS

Key analytical factors

-- S&P assigned its 'BB' issue-level rating and '2' recovery
rating to Lindblad's proposed senior secured credit facility,
consisting of a $45 million revolver and $200 million term loan.

-- S&P assumes that in an event of default, Lindblad would
reorganize as a going concern. S&P's simulated default scenario
contemplates a default in 2022 driven by a meaningful decline in
cash flows following a weather-related, geopolitical, or other
high-impact, low-probability event that forces some ships out of
service over an operating season or following a meaningful
pull-back in discretionary spending in the U.S., particularly among
Lindblad's target demographic.

-- S&P revised its valuation methodology to use a combined
enterprise value (EV) and discrete asset value (DAV) approach to
value Lindblad given the company's new blue water vessel (expected
to be delivered early-2020) will secure a separate senior secured
credit facility (unrated) that it expects to be drawn upon delivery
of the ship. That senior secured credit facility will be guaranteed
up to 70% by the official export credit agency of Norway.

-- To value the new blue water vessel ship, S&P applies a 20%
discount to the cost of the ship. Value from the blue water vessel
is used to first satisfy outstanding claims under the senior
secured credit facility for which it serves as collateral. Any
residual value or deficiency is then allocated to the recovery of
the proposed senior secured credit facility. In this instance there
is a modest amount of additional value available for the proposed
senior secured credit facility.

-- The remaining company value is further split between U.S.
valuation and non-U.S. valuation since commitments under Lindblad's
proposed term loan are split between a U.S. borrower and a Cayman
borrower. Although the U.S. borrower obligations have a more
limited security and guarantee package, the proposed term loan
includes loss-sharing provisions that will equalize losses among
lenders to the U.S. and Cayman borrowers in order to equalize
recovery percentages among lenders.

-- S&P assumes Lindblad's revolver is 85% drawn at default.

Simplified waterfall

-- Emergence EBITDA: $33 million EBITDA multiple: 6x
-- Gross recovery value: $197 million
-- Net recovery value after administrative expenses (5%): $187
million
-- Obligor/nonobligor valuation split: 10%/90%
-- Value available from obligor and 65% pledge of nonobligor: $128
million
-- Value available from remaining 35% of nonobligor and residual
value from the blue water vessel: $65 million
-- Total value available for secured debt: $193 million
-- Estimated secured debt: $239 million
-- Recovery range: 70% to 90% (rounded estimate: 80%)

Note: All debt amounts include six months of prepetition interest.


RATINGS LIST

  Lindblad Expeditions Holdings Inc.
   Corporate Credit Rating               BB-/Negative/--

  New Ratings

  Lindblad Expeditions LLC
   Senior Secured
    $45 mil. revolver due 2023           BB
     Recovery Rating                     2(80%)

  Lindblad Expeditions LLC
  Lindblad Maritime Enterprises Ltd.
   Senior Secured
    $200 mil. term loan due 2025         BB
     Recovery Rating                     2(80%)


LSC COMMUNICATIONS: Moody's Cuts Corporate Family Rating to B1
--------------------------------------------------------------
Moody's Investors Service downgraded LSC Communications, Inc.'s
corporate family rating (CFR) to B1 from Ba3 while also downgrading
the company's probability of default rating to B1-PD from Ba3-PD.
The rating for the company's $400 million super priority senior
secured revolving bank credit facility was downgraded to Ba1 from
Baa3, and ratings for the company's $306 million senior secured
term loan B (originally issued at $375 million) and $450 million
senior secured notes were downgraded to B1 from Ba3. As part of the
same action, Moody's affirmed LSC's speculative grade liquidity
rating at SGL-2 (good), and changed the company's ratings outlook
to stable from negative.

"Moody's downgraded LSC's ratings because of the ongoing organic
decline in commercial printing while cash flow is directed towards
print-related acquisitions rather than debt reduction," said Bill
Wolfe, a Moody's senior vice president. Wolfe also indicated that
in addition to displacing debt reduction, acquisition activity has
uncertain benefits, with it not being uncommon to observe companies
recording impairment charges in years subsequent to acquisitions.
"While the acquisition, synergy-creation effort combats negative
organic growth, LSC is chasing a moving target and the strategy may
not be enough to grow cash flow," said Wolfe.

The following summarizes rating action and LSC's ratings:

Issuer: LSC Communications, Inc.

Corporate Family Rating, Downgraded to B1 From Ba3

Probability of Default Rating, Downgraded to B1-PD From Ba3-PD

Speculative Grade Liquidity Rating, Affirmed at SGL-2

Senior Secured Bank Revolving Credit Facility, Downgraded to
Ba1(LGD2) From Baa3(LGD2)

Senior Secured Term Loan B, Downgraded to B1(LGD4) From Ba3(LGD3)

Senior Secured Notes, Downgraded to B1(LGD4) From Ba3(LGD3)

Outlook, Changed to Stable from Negative

RATINGS RATIONALE

LSC Communications, Inc.'s (LSC), B1 rating is driven by declining
commercial printing industry revenue coupled with management's
decision to allocate free cash flow on print-related acquisitions
rather than debt reduction. Acquisitions and anticipated synergies
carry execution risks. Moody's expects adjusted leverage of
debt/EBITDA remaining in the mid-3x range through 2019 (3.7x at
31Dec17), a level that is aggressive given elevated business risks
stemming from ongoing negative organic growth in the commercial
printing industry. LSC's credit profile benefits from good
aggregate scale (revenue of $3.7 billion), a flexible cost
structure, and ~$100 million per year of liquidity-bolstering free
cash flow before spending on acquisitions.

Moody's assesses LSC's liquidity as SGL-2 (good) based on
expectations that the company will generate about $100 million of
free cash flow in 2018, and have access to a five-year, $400
million revolving credit facility ($272 million available at
31Dec17). Moody's anticipates financial covenant cushions of ~25%
and, other than ~$48 million of term loan amortization, the company
has no near term debt maturities. Moody's expects most free cash
flow after mandatory debt repayment to be used for acquisitions.

Rating Outlook

The stable outlook is based on expectations of EBITDA remaining
approximately flat, with acquisitions and synergies offsetting
estimated negative organic growth of about 4% per annum (7% in
2017), such that leverage of debt/EBITDA remains at ~3.5x through
2019 (3.7x at 31Dec17).

Factors that Could Lead to an Upgrade

LSC's rating could be upgraded to Ba3 were Moody's to anticipate:
i) leverage of Debt/EBITDA being sustained below 3x (3.7x at
31Dec17), along with ii) maintenance of solid liquidity
arrangements; and iii) solid operating fundamentals with stable
operating trends (organic growth and margins).

Factors that Could Lead to a Downgrade

LSC's rating could be downgraded to B2 were Moody's to anticipate:
i) leverage of Debt/EBITDA being sustained above 3.75x (3.7x at
31Dec17), or ii) were liquidity arrangements to deteriorate; or
iii) business' fundamentals to deteriorate, evidenced by, for
example, either margin compression or accelerating revenue
declines.

The principal methodology used in these ratings was Media Industry
published in June 2017.

Headquartered in Chicago, Illinois, LSC Communications, Inc. (LSC),
is a retail/advertising-centric print/publishing services and
office products company with annual sales of about $3.7 billion.


LTG LLC: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------
Debtor: LTG LLC
           dba Ace Rent A Car
        14500 Global Parkway
        Fort Myers, FL 33913

Business Description: LTG LLC dba Ace Rent A Car is a car
                      rental agency in Lee County, Florida.

Chapter 11 Petition Date: March 14, 2018

Case No.: 18-01936

Court: United States Bankruptcy Court
       Middle District of Florida (Ft. Myers)

Debtor's Counsel: Stephen R Leslie, Esq.
                  STICHTER, RIEDEL, BLAIN & POSTLER, P.A.
                  110 East Madison Street, Suite 200
                  Tampa, FL 33602-4700
                  Tel: 813-229-0144
                  Email: sleslie.ecf@srbp.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Patrick Lewis, president/COO.

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

    http://bankrupt.com/misc/flmb18-01936_Creditors.pdf

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

         http://bankrupt.com/misc/flmb18-01936.pdf


MALLINCKRODT PLC: Egan-Jones Lowers Senior Unsecured Ratings to B+
------------------------------------------------------------------
Egan-Jones Ratings Company, on March 6, 2018, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Mallinckrodt public limited company to B+ from BB-.

Mallinckrodt public limited company develops, manufactures,
markets, and distributes branded and generic specialty
pharmaceutical products and therapies in the United States, Europe,
the Middle East, Africa, and internationally.



MARKPOL DISTRIBUTORS: May Use Cash Collateral Until March 31
------------------------------------------------------------
The Hon. A. Benjamin Goldgar of the U.S. Bankruptcy Court for the
Northern District of Illinois has entered an interim order
authorizing Markpol Distributors, Inc., to use cash collateral to
pay post-petition expenses to third parties during the period March
2 through March 31, 2018, to the extent set forth on the budget
plus 10%.

In return for the Debtor's continued interim use of cash
collateral, MB Financial Bank, N.A. is granted the following
adequate protection for its asserted secured interests in
substantially all of the Debtor's assets to the extent and validity
held pre-petition:

      (1) The Debtor must permit the MB Financial to inspect, upon
reasonable notice, within reasonable hours, the Debtor's books and
records;

      (2) The Debtor must maintain and pay premiums for insurance
to cover the collateral from fire, theft and water damage;

      (3) The Debtor must make available to MB Financial evidence
of that which constitutes their collateral or proceeds;

      (4) The Debtor must properly maintain the collateral in good
repair and properly manage the collateral; and

      (5) MB Financial is granted replacement liens, attaching to
the collateral, but only to the extent of MB Financial's
pre-petition liens.

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

         http://bankrupt.com/misc/ilnb18-06105-16.pdf

                  About Markpol Distributors

Markpol Distributors, Inc. -- http://markpoldistributors.com/-- is
a food distributor specializing in European grocery merchandise
imported from European exporters.  The Company's customers may
select an offering of 4 to 24 feet selection of assorted grocery
merchandise appealing to the American and European consumer.
Markpol is headquartered in Wood Dale, Illinois.

Markpol Distributors filed a Chapter 11 petition (Bankr. N.D. Ill.
Case No. 18-06105) on March 2, 2018.  In the petition signed by CEO
Mark Kozyra, the Debtor estimated assets and liabilities at $1
million to $10 million.  Judge Benjamin A. Goldgar is the case
judge.  Shelly A. DeRousse, Esq., at Freeborn & Peters LLP, is the
Debtor's counsel.


MARRONE BIO: PRIMECAP Management Stake Down to 2.5% as of Feb. 28
-----------------------------------------------------------------
PRIMECAP Management Company disclosed in a Schedule 13G/A filed
with the Securities and Exchange Commission that as of Feb. 28,
2018, it beneficially owns 2,625,600 shares of common stock of
Marrone Bio Innovations, Inc., constituting 2.57 percent of the
shares outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/DwM6Oo

                  About Marrone Bio Innovations

Based in Davis, California, Marrone Bio Innovations, Inc. --
http://www.marronebio.com/-- makes bio-based pest management and
plant health products.  Bio-based products are comprised of
naturally occurring microorganisms, such as bacteria and fungi, and
plant extracts.  The Company's current products target the major
markets that use conventional chemical pesticides, including
certain agricultural and water markets, where the Company's
bio-based products are used as alternatives for, or mixed with,
conventional chemical products.

Ernst & Young LLP issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016,
stating that the Company has incurred losses since inception, has a
net capital deficiency, and has additional capital needs that raise
substantial doubt about its ability to continue as a going
concern.

Marrone Bio reported a net loss of $31.07 million in 2016, a net
loss of $43.7 million in 2015, and a net loss of $51.65 million in
2014.  As of Sept. 30, 2017, Marrone Bio had $37.39 million in
total assets, $81.05 million in total liabilities and a total
stockholders' deficit of $43.66 million.


MCCLATCHY CO: Capital Ventures et al Own 5% of Class A Shares
-------------------------------------------------------------
Capital Ventures International, Susquehanna Advisors Group, Inc.
and Susquehanna Securities disclosed in a Schedule 13G filed with
the Securities and Exchange Commission that as of Feb. 26, 2018,
they beneficially own 266,198 shares of Class A Common Stock, $0.01
par value per share, constituting 5.1 percent of The McClatchy
Company's shares outstanding.  The Company's Quarterly Report on
Form 10-Q, filed with the SEC on Nov. 2, 2017, indicates that there
were 5,241,944  shares of Class A Common Stock outstanding as of
Oct. 27, 2017.

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

                    https://is.gd/beZyNE

                       About McClatchy

The McClatchy Company operates 30 media companies in 14 states,
providing each of its communities with news and advertising
services in a wide array of digital and print formats.  McClatchy
is a publisher of iconic brands such as the Miami Herald, The
Kansas City Star, The Sacramento Bee, The Charlotte Observer, The
(Raleigh) News & Observer, and the (Fort Worth) Star-Telegram.
McClatchy is headquartered in Sacramento, Calif., and listed on the
New York Stock Exchange American under the symbol MNI.

McClatchy incurred a net loss of $332.4 million for the year ended
Dec. 31, 2017, following a net loss of $34.19 for the year ended
Dec. 25, 2016.  As of Dec. 31, 2017, McClatchy had $1.50 billion in
total assets, $1.71 billion in total liabilities and a
stockholders' deficit of $204.33 million.

                           *    *    *

McClatchy continues to hold Moody's Investors Service's "Caa1"
corporate family rating.  In December 2015, Moody's affirmed the
"Caa1" corporate family rating rating and changed the rating
outlook to stable from positive due to continued weakness in the
print advertising market and the ongoing pressure on the company's
operating cash-flow.  McClatchy's "Caa1" Corporate Family Rating
reflects persistent revenue pressure on the company's newspaper and
print operations, reliance on cyclical advertising spending, and
its high leverage including a large underfunded pension.


MCCLATCHY CO: Widens Net Loss to $332 Million in 2017
-----------------------------------------------------
The McClatchy Company filed with the Securities and Exchange
Commission its annual report on Form 10-K reporting a net loss of
$332.35 million on $903.59 million of revenues for the year ended
Dec. 31, 2017, compared to a net loss of $34.19 million on $977.09
million of revenues for the year ended Dec. 25, 2016.

The increase in net loss in 2017 compared to 2016 was primarily due
to a pre-tax impairment charges of $193.4 million and a non-cash
charge to establish a deferred tax valuation allowance of $192.3
million.  In addition, advertising revenues were lower, which were
partially offset by a decrease in expenses.

During 2017, total revenues decreased 7.5% compared to 2016
primarily due to the continued decline in demand for print
advertising.  Consistent with the end of 2016, the decline in print
advertising was primarily a result of large retail advertisers
continuing to reduce preprinted insert and in-newspaper ROP
advertising.  The decline in print advertising revenues is the
result of the desire of advertisers to reach customers directly
through online advertising, and the secular shift in advertising
demand from print to digital products.  The Company expects these
trends to continue for the foreseeable future.  The decrease in
total revenues was partially offset by the 53rd week in 2017 that
the Company estimates provide for an additional $6.6 million in
advertising revenues, $6.7 million in audience revenues and $14.0
million in total revenues.

As of Dec. 31, 2017, McClatchy had $1.50 billion in total assets,
$1.71 billion in total liabilities and a stockholders' deficit of
$204.33 million.

The Company's cash and cash equivalents were $99.4 million as of
Dec. 31, 2017, compared to $5.3 million of cash and cash
equivalents at Dec. 25, 2016.  Its cash balance at the end of 2017
reflects the receipt of sales proceeds from the sale or sale and
leaseback of some of its buildings and land during 2017, the
remaining proceeds received from sale of a portion of its
investment in CareerBuilder in the third quarter of 2017, and cash
from operations.  However, in January 2018 the Company used a
significant portion of the cash on hand to redeem $75.0 million
aggregate principal amount of our 9.00% Notes as announced in
December 2017, and in February 2018 it repurchases an additional
$20.0 million aggregate principal amount of its 9.00% Notes.
Following the redemption of notes in January 2018 and repurchases
in February 2018, the Company had approximately $710.0 million
remaining in outstanding indebtedness.

McClatchy expects that most of its cash and cash equivalents, and
its cash generated from operations, for the foreseeable future will
be used to repay debt, pay income taxes, fund its capital
expenditures, invest in new revenue initiatives, digital
investments and enterprise-wide operating systems, make required
contributions to the Pension Plan, and for other corporate uses as
determined by management and its Board of Directors.  Following the
partial redemption in January 2018 and the repurchases in February
2018, the Company had approximately $710.0 million in total
aggregate principal amount of debt outstanding, consisting of
$344.6 million of its 9.00% Notes due 2022 and $365.4 million of
its notes due in 2027 and 2029.  The Company expects to continue to
opportunistically repurchase or restructure its debt from time to
time if market conditions are favorable, whether through privately
negotiated repurchases of debt using cash from operations, or other
types of tender offers or exchange offers or other means.  The
Company also expects that it will refinance or restructure a
significant portion of this debt prior to the scheduled maturity of
such debt.  However, the Company said it may not be able to do so
on terms favorable to it or at all.   The Company may also be
required to use cash on hand or cash from operations to meet these
obligations.  The Company believes that its cash from operations is
sufficient to satisfy its liquidity needs over the next 12 months,
while maintaining adequate cash and cash equivalents to fund its
operations.

McClatchy generated $18.1 million of cash from operating activities
in 2017, compared to generating $75.4 million of cash in 2016.  The
change is partially due to the timing of income tax payments in
2017 compared to 2016.  In 2017, the Company had net income tax
payments of $12.4 million compared to $2.5 million in 2016.  In
addition, the change in cash generated from operating activities
was due to the timing of collections of accounts receivable, which
were lower by $11.5 million.  The remaining changes in operating
activities related to miscellaneous timing differences in various
receipts and payments.

McClatchy generated $75.4 million of cash from operating activities
in 2016 compared to using $122.5 million of cash from operating
activities in 2015.  The change is primarily due to the timing of
income tax payments of $2.5 million in 2016 compared to $207.0
million in 2015.  This difference was primarily related to the tax
payments made in the first quarter of 2015 related to the gain on
sale of a previously owned equity investment that was recorded in
the fourth quarter of 2014, offset by the tax losses on bond
repurchases in the fourth quarter of 2014.

The Company made no cash contributions to the Pension Plan during
2017, 2016 or 2015.  In February 2016, the Company contributed
certain of its real property appraised at $47.1 million to its
Pension Plan.  The contribution of real property exceeded its
required pension contribution for 2016.  After applying credits,
which resulted from contributing more than the Pension Plan's
minimum required contribution amounts in prior years, the Company
did not have a required cash contribution for 2017 and it does not
expect to have a required pension contribution under the Employee
Retirement Income Security Act in fiscal year 2018.  However, the
Company expects to have material contributions in the future.

The Company generated $102.5 million of cash from investing
activities in 2017.  It received proceeds from the sale of
property, plant and equipment of $43.9 million, proceeds from the
sale of its interest in equity investments of $66.9 million, and
$7.3 million in distributions from its equity investments that
exceeded the cumulative earnings from the investee and such amounts
were considered a return of investment.  These amounts were
partially offset by the purchase of PP&E for $11.1 million and
contributions to equity investments of $3.9 million.

The Company used $9.3 million of cash from investing activities in
2016, which was primarily due to the purchase of PP&E of $13.0
million.

McClatchy generated $13.8 million of cash from investing activities
in 2015, which reflected the receipts associated with the sale of a
former equity investment of $25.6 million from an escrow account
and a final cash distribution of $7.5 million from an equity
investment, offset by the purchase of PP&E of $18.6 million.

The Company used $26.5 million of cash from financing activities in
2017.  During 2017, it retired $16.9 million principal amount of
the 5.75% Notes that matured on Sept. 1, 2017, and the Company
repurchased or redeemed $51.8 million principal amount of its 9.00%
Notes, for $70.7 million in cash.  These repurchases were partially
offset by the $44.0 million increase in its financial obligations
as a result of the sale and leaseback of one of its real
properties.

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

                     https://is.gd/8SHkrb

                       About McClatchy

The McClatchy Company operates 30 media companies in 14 states,
providing each
of its communities with news and advertising services in a wide
array of digital and print formats.  McClatchy is a publisher of
iconic brands such as the Miami Herald, The Kansas City Star, The
Sacramento Bee, The Charlotte Observer, The (Raleigh) News &
Observer, and the (Fort Worth) Star-Telegram. McClatchy is
headquartered in Sacramento, Calif., and listed on the New York
Stock Exchange American under the symbol MNI.

                          *     *     *

McClatchy continues to hold Moody's Investors Service's "Caa1"
corporate family rating.  In December 2015, Moody's affirmed the
"Caa1" corporate family rating rating and changed the rating
outlook to stable from positive due to continued weakness in the
print advertising market and the ongoing pressure on the company's
operating cash-flow.  McClatchy's Caa1 Corporate Family Rating
reflects persistent revenue pressure on the company's newspaper and
print operations, reliance on cyclical advertising spending, and
its high leverage including a large underfunded pension.


MERRIMACK PHARMACEUTICALS: May Issue 450K Shares Under Stock Plan
-----------------------------------------------------------------
Merrimack Pharmaceutials, Inc. filed a Form S-8 registration
statement with the Securities and Exchange Commission for the
purpose of registering additional 450,000 shares of its common
stock that are issuable under the Company's 2011 Stock Incentive
Plan.  A full-text copy of the prospectus is available for free at:
https://is.gd/aRuKvy

                        About Merrimack

Cambridge, Mass.-based Merrimack -- http://www.merrimack.com/-- is
a biopharmaceutical company based in Cambridge, Massachusetts that
is outthinking cancer to ensure that patients and their families
live fulfilling lives.  Its mission is to transform cancer care
through the smart design and development of targeted solutions
based on a deep understanding of cancer pathways and biological
markers.  All of Merrimack's development programs, including four
clinical studies and six candidates in preclinical development, fit
into its strategy of 1) understanding the biological problems it is
trying to solve, 2) designing specific solutions and 3) developing
those solutions for biomarker-selected patients.  This
three-pronged strategy seeks to ensure optimal patient outcomes.  

                          *    *    *

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


MERRIMACK PHARMACEUTICALS: Swings to $472M Net Income in 2017
-------------------------------------------------------------
Merrimack Pharmaceuticals, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K reporting net
income attributable to the Company of $472.02 million for the year
ended Dec. 31, 2017, compared to a net loss attributable to the
Company of $151.74 million for the year ended Dec. 31, 2016.

Net loss attributable to Merrimack's continuing operations for the
year ended Dec. 31, 2017 was $74.8 million, or $5.66 per share,
compared to a net loss attributable to Merrimack's continuing
operations of $154.5 million, or $12.33 per share, for the year
ended Dec. 31, 2016.

As of Dec. 31, 2018, Merrimack had $117.32 million in total assets,
$21.04 million in total liabilities and $96.28 million in total
stockholders' equity.

"2017 was a transformative year for Merrimack, in which we reset
the company's foundation to focus on our ten wholly owned clinical
and preclinical programs, all targeting biomarker-defined cancers.
We are very pleased with the advancements we have made across our
pipeline, including today's announcement to expand enrollment in
the SHERLOC study, a randomized Phase 2 trial evaluating MM-121 in
non-small cell lung cancer, and our recent dosing of the first
patient in the SHERBOC study, a randomized Phase 2 trial evaluating
MM-121 in post-menopausal metastatic breast cancer," said Richard
Peters, M.D., Ph.D., president and chief executive officer.  "We
are well-positioned to carry this momentum forward, with three
clinical readouts expected in 2018, including randomized Phase 2
data from MM-141 and MM-121 and Phase 1 data from MM-310."

General and administrative expenses for the year ended Dec. 31,
2017 from continuing operations were $28.5 million, compared to
$32.1 million for the year ended Dec. 31, 2016.

Research and development expenses from continuing operations for
the year ended Dec. 31, 2017 were $67.3 million, compared to $109.6
million for the year ended Dec. 31, 2016.

                     Fourth Quarter Results

Research and development expenses from continuing operations for
the three months ended Dec. 31, 2017 were $12.4 million, compared
to $25.6 million for the three months ended Dec. 31, 2016.
Research and development spending for the three months and year
ended Dec. 31, 2017 was less than expenditures over comparable
periods in 2016, primarily due to Merrimack's refocused clinical
and pre-clinical pipeline.

General and administrative expenses for the three months ended Dec.
31, 2017 from continuing operations were $4.7 million, compared to
$11.0 million for the three months ended Dec. 31, 2016.  General
and administrative spending for the three months and year ended
Dec. 31, 2017 was less than expenditures over comparable periods in
2016, primarily due to a decrease in corporate expenses related to
reduced headcount levels and stock-based compensation following the
asset sale to Ipsen S.A.

Net loss attributable to Merrimack's continuing operations for the
three months ended Dec. 31, 2017 was $11.8 million, or $0.89 per
share, compared to a net loss attributable to Merrimack's
continuing operations of $40.1 million, or $2.93 per share, for the
three months ended Dec. 31, 2016.

As of Dec. 31, 2017, Merrimack had 13.3 million shares of common
stock, $0.01 par value per share, outstanding.

Merrimack continues to believe that its cash and cash equivalents
of $93.4 million as of Dec. 31, 2017 and potential net milestone
payments anticipated from Shire will be sufficient to fund its
planned operations into the second half of 2019.

                Fourth Quarter and Recent Highlights

Key events from the fourth quarter and more recently include:

   * As announced separately, expansion of the enrollment target
     from 80 to 100 patients in the SHERLOC study, a randomized
     Phase 2 clinical trial evaluating MM-121 added to standard of
     care in patients with heregulin-positive non-small cell lung
     cancer.  This augmentation of patient enrollment is driven by
     the faster than projected enrollment rate seen to date and
     will result in a strengthened statistical design of the
     study.  Merrimack still expects to report top-line data from
     this trial in the second half of 2018;

   * First patient dosed in the SHERBOC study, a randomized,     
     double-blind, placebo-controlled Phase 2 clinical trial
     evaluating MM-121 added to standard of care in patients with
     heregulin-positive, hormone-receptor-positive and HER2-
     negative post-menopausal metastatic breast cancer;

   * Appointment of George Demetri, M.D., to Merrimack's Board of
     Directors.  Dr. Demetri is currently a senior vice president
     for experimental therapeutics and director of the Center for
     Sarcoma and Bone Oncology at Dana-Farber Cancer Institute, as

     well as a Professor of Medicine at Harvard Medical School,
     where he is also co-director of the Ludwig Center.  He is a
     world-renowned expert in the clinical translation of
     innovative treatment strategies for cancer, and replaces John
     Mendelsohn, M.D., who had served on Merrimack's Board since
     2012;

   * Formation of a new Scientific Advisory Board (SAB) with
     extensive expertise in precision oncology, bioengineering,
     drug discovery and clinical development.  Members include:
     Peter Blume-Jensen, M.D., Ph.D.; George Demetri, M.D.;
     Douglas Lauffenburger, Ph.D.; Peter Sorger, Ph.D.; and Josep
     Tabernero, M.D., Ph.D.  The SAB will work closely with
     Merrimack's senior management team to advance the company's
     pipeline of targeted cancer therapies; and

   * Financially, closure of 2017 with $93.4 million in cash and
     cash equivalents and extinguishment of $60.8 million of
     convertible debt in the fourth quarter of 2017, resulting in
     a debt-free balance sheet.

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

                        https://is.gd/qOgQkC
  
                          About Merrimack

Cambridge, Mass.-based Merrimack -- http://www.merrimack.com/-- is
a biopharmaceutical company based in Cambridge, Massachusetts that
is outthinking cancer to ensure that patients and their families
live fulfilling lives.  Its mission is to transform cancer care
through the smart design and development of targeted solutions
based on a deep understanding of cancer pathways and biological
markers.  All of Merrimack's development programs, including four
clinical studies and six candidates in preclinical development, fit
into its strategy of 1) understanding the biological problems it is
trying to solve, 2) designing specific solutions and 3) developing
those solutions for biomarker-selected patients.  This
three-pronged strategy seeks to ensure optimal patient outcomes.

                          *    *    *

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


MRI INTERVENTIONS: Will Hold its Annual Meeting on June 7
---------------------------------------------------------
MRI Interventions, Inc., will hold its 2018 annual meeting of
stockholders on June 7, 2018.  The exact time and location of the
2018 Annual Meeting will be specified in the Company's proxy
statement for the 2018 Annual Meeting.

Because the Company's 2018 Annual Meeting has been changed by more
than 30 calendar days from the date of the previous year's meeting,
the Company is affirming the deadline for receipt of qualified
stockholder proposals submitted pursuant to Rule 14a-8 of the
Securities Exchange Act of 1934, as amended, for inclusion in the
Company's proxy materials for the 2018 Annual Meeting.

The deadline for the receipt of any qualified stockholder proposals
submitted pursuant to Rule 14a-8 under the Exchange Act will be not
later than the close of business on April 13, 2018. Qualified
stockholder proposals must be received by the Company at its
principal executive offices located at 5 Musick, Irvine, California
92618, addressed to the Corporate Secretary of the Company.  All
proposals must comply with applicable Delaware law, the rules and
regulations promulgated by the Securities and Exchange Commission
and the procedures set forth in the Company's Amended and Restated
Bylaws.

                   About MRI Interventions

Irvine, California, MRI Interventions, Inc. --
http://www.mriinterventions.com/-- is a medical device company
that develops and commercializes innovative platforms for
performing minimally invasive surgical procedures in the brain and
heart under direct, intra-procedural magnetic resonance imaging, or
MRI, guidance.  From its inception in 1998 to 2002, the Company
deployed significant resources to fund its efforts to develop the
foundational capabilities for enabling MRI-guided interventions and
to build an intellectual property portfolio.  In 2003, the
Company's focus shifted to identifying and building out commercial
applications for the technologies we developed in prior years.

MRI Interventions incurred a net loss of $8.06 million in 2016,
compared to a net loss of $8.44 million in 2015.  As of Sept. 30,
2017, MRI Interventions had $15.45 million in total assets, $8.17
million in total liabilities and $7.28 million in total
stockholders' equity.

Cherry Bekaert LLP, in Charlotte, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company incurred net
losses during the years ended Dec. 31, 2016, and 2015 of
approximately $8.1 million and $8.4 million, respectively.
Additionally, the stockholders' deficit at Dec. 31, 2016, was
approximately $756,000.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


MURRAY ENERGY: Bank Debt Trades at 12.6% Off
--------------------------------------------
Participations in a syndicated loan under which Murray Energy is a
borrower traded in the secondary market at 87.4 cents-on-the-dollar
during the week ended Friday, March 2, 2018, according to data
compiled by LSTA/Thomson Reuters MTM Pricing. This represents a
decrease of 1.98 percentage points from the previous week. Murray
Energy pays 650 basis points above LIBOR to borrow under the $1.7
billion facility. The bank loan matures on April 10, 2020. Moody's
rates the loan 'B2' and Standard & Poor's gave a 'B-' rating to the
loan. The loan is one of the biggest gainers and losers among 247
widely quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday, March 2.


NAVILLUS TILE: Given Until June 6 to File Plan of Reorganization
----------------------------------------------------------------
The Hon. Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York, at the behest of Navillus Tile, Inc., doing
business as Navillus Contracting, has extended the exclusive plan
filing period through and including June 6, 2018, and the exclusive
plan solicitation period through and including August 6, 2018.

The Troubled Company Reporter has previously reported that the
Debtor asked the Court to extend the exclusive periods to file and
to solicit acceptances of a chapter 11 plan for Navillus through
and including July 6, 2018 and Sept. 5, 2018, respectively.

Navillus required an extension of its Exclusive Periods to enable
it to develop a business plan and pursue a resolution of its
largest liabilities, whether through mediation, a successful appeal
or otherwise. Particularly, Navillus required more time in which
negotiate, document, file, solicit votes on, and ultimately gain
confirmation of a plan of reorganization.

Navillus has made significant progress in its chapter 11 case thus
far and continues to work towards expeditiously exiting chapter 11.
However, there is still a substantial amount of work which must be
done before Navillus is in a position to propose a chapter 11 plan
in a form which would enable Navillus to reorganize successfully.

During the first approximately 90 days of its chapter 11 case,
Navillus has, among other things:

     (a) Obtained final Court approval of the emergency relief
requested in the first day motions filed with the Court;

     (b) Negotiated and obtained final Court approval of a $135
million debtor-in-possession financing facility from Liberty Mutual
Insurance Company;

     (c) Prepared and filed with the Court Navillus' schedules and
statements of financial affairs;

     (d) Obtained entry of an Order establishing February 14, 2018
as the deadline to file proofs of claim;

     (e) Proposed mediation procedures in an effort to initiate
negotiations with the union funds that constitute Navillus' largest
unsecured creditors and responded to requests for stay relief made
by the related unions;

     (f) Successfully negotiated and obtained Court approval of a
completion agreement (the "OVA Completion Agreement") with Liberty
to enable Navillus to continue performing work on the One
Vanderbilt Avenue project which constitutes Navillus' single
largest asset with a remaining contract value of approximately $130
million;

     (g) Intervened in the chapter 11 case of Advanced Contracting
Solutions, LLC (Bankr. S.D.N.Y. Case No. 17-13147), to protect
Navillus' interests in connection with a highly contested
evidentiary hearing relating to numerous unions' objections to the
sale of substantially all of ACS' assets;

     (h) Initiated an adversary proceeding against one contractor
for nonpayment under a prepetition construction contract;

     (i) Prepared cash flow projections and financial forecasts and
engaged in discussions with the Committee's professionals regarding
same; and

     (j) Responded in good faith to the Committee's due diligence
requests.

As a part of its negotiation of the OVA Completion Agreement with
Liberty and Tishman Construction Corporation of New York, Navillus
agreed to use its reasonable and best efforts to achieve certain
milestones towards confirmation of a chapter 11 plan.  At the
request of the Committee, and with the consent of Tishman and
Liberty, these milestones have been extended to dates within the
proposed extended Exclusive Periods.

                       About Navillus Tile

Navillus Tile Inc., is one of the largest subcontractors and
general contractors in New York, specializing as a high-end
concrete and masonry subcontractor on large private and public
construction projects in the New York metropolitan area. Navillus
works closely with many of New York's most prominent architects,
builders, owners, government agencies and institutions and is
pre-qualified by numerous commercial and government agencies.
Navillus operates its business from a midtown Manhattan
headquarters which it has leased since 2015.  Donald O'Sullivan,
which founded the business with his brothers, is the sole director,
president and chief executive officer of Navillus.

Navillus Tile filed for Chapter 11 bankruptcy (Bankr. S.D.N.Y. Case
No. 17-13162) on Nov. 8, 2017, estimating $100 million to $500
million in assets and debt.

Judge Sean H. Lane is the case judge.

Cullen and Dykman LLP is the Debtor's legal counsel.  Otterbourg
P.C., serves as special litigation and conflicts counsel.  Garden
City Group, LLC, is the claims agent and administrative advisor.

On Nov. 28, 2017, the U.S. Trustee for Region 2 appointed an
official committee of unsecured creditors.  Hahn & Hessen LLP is
the committee's bankruptcy counsel.


NEIMAN MARCUS: Bank Debt Trades at 13.42% Off
---------------------------------------------
Participations in a syndicated loan under which Neiman Marcus Group
Inc. is a borrower traded in the secondary market at 86.58
cents-on-the-dollar during the week ended Friday, March 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 2.57 percentage points from the
previous week. Neiman Marcus pays 325 basis points above LIBOR to
borrow under the $2.942 billion facility. The bank loan matures on
October 25, 2020. Moody's rates the loan 'Caa1' and Standard &
Poor's gave a 'CCC' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, March 2.


NELSON TRUCKING: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The Office of the U.S. Trustee on March 12 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Nelson Trucking, LLC.

                    About Nelson Trucking LLC

Nelson Trucking, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Md. Case No. 18-11183) on January 29,
2018.  William E. Nelson, Jr., managing member, signed the
petition.  

At the time of the filing, the Debtor disclosed that it had
estimated assets of less than $50,000 and liabilities of less than
$500,000.  

Judge Wendelin I. Lipp presides over the case.  Chung & Press, LLC
is the Debtor's bankruptcy counsel.


NOVATION COMPANIES: NMI Plan Hearing Set for April 11
-----------------------------------------------------
The U.S. Bankruptcy Court for the District of Maryland is set to
hold a hearing on April 11 at 2:00 p.m., to consider approval of
the Chapter 11 plan of reorganization for Novastar Morgage, LLC,
formerly known as Novastar Mortgage, Inc.

The hearing will be held at Courtroom 9D, U.S. Courthouse.

The court had earlier approved the company's first amended
disclosure statement, allowing it to start soliciting votes from
creditors.  

The order, signed by Judge David E. Rice, set an April 4 deadline
for creditors to file their objections and cast their votes
accepting or rejecting the plan.

Under the first amended plan, Novastar Mortgage increased the total
amount of Class 2 New Jersey Carpenters Settled Claims to $91
million from $11 million.  These claims have been resolved per the
New Jersey Carpenters Health Fund Settlement, subject to a final
order by the bankruptcy court, according to the company's first
amended disclosure statement.

A copy of the first amended disclosure statement is available for
free at :

          ttp://bankrupt.com/misc/mdb16-19745-759.pdf

                    About Novation Companies

Headquartered in Kansas City, Missouri, Novation Companies, Inc.
(otcqb: NOVC) -- http://www.novationcompanies.com/-- is in the  
process of implementing its strategy to acquire operating
businesses or making other investments that generate taxable
earnings.

Prior to 2008, Novation originated, purchased, securitized, sold,
invested in and serviced residential nonconforming mortgage loans
and mortgage securities.  At the height of its business, the
Company originated more than $11 billion annually in mortgage
loans.  After ceasing lending operations and completed a sale of
its servicing portfolio amidst the housing collapse in 2007, the
Company has been engaged in the business of acquiring various
businesses.

Novation Companies and certain of its subsidiaries filed voluntary
petitions for chapter 11 business reorganization in Baltimore,
Maryland (Bankr. D. Md. Lead Case No. 16-19745) on July 20, 2016.

In its petition, NCI disclosed assets of $33 million and
liabilities of $91 million.

The cases are assigned to Judge David E. Rice.

The Debtors hired the law firms of Shapiro Sher Guinot & Sandler,
P.A., and Olshan Wolosky LLP as bankruptcy counsel.  The Debtors
also hired Orrick, Herrington & Sutcliffe LLP as special litigation
counsel; Holland & Knight LLP as Investment Company Act compliance
counsel; and Deloitte Tax LLP as tax service provider.

On Aug. 1, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee has hired
Hunton & Williams LLP, as counsel; Alvarez & Marsal Valuation
Services, LLC, as valuation expert; and Tactical Financial
Consulting, LLC, as expert advisor.

                          *     *     *

The effective date of the Novation Plan as to Debtor Novation was
July 27, 2017.


OCALA PETROLEUM: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The Office of the U.S. Trustee on March 13 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Ocala Petroleum, Inc.

                    About Ocala Petroleum Inc.

Ocala Petroleum, Inc. is a privately held company engaged in the
real estate rental business.  It is the fee simple owner of a real
property located at 2711 W. Silver Springs Blvd. Ocala FL 34475.
The market value of the total property (consisting of retail store,
site improvements, land, fuel equipment, off-site improvements, and
indirect expenses) is $1.8 million.  The company's gross revenue
from rents in 2016 amounted to $144,000 and $122,000 in 2015.

Ocala Petroleum, Inc. filed a Chapter 11 petition (Bankr. M. D.
Fla. Case No. 17-04039) on Nov. 21, 2017.  The petition was signed
by Scott Mark Sherman, president.  At the time of filing, the
Debtor had $1.8 million in total assets and $3.14 million in total
liabilities.

Judge Jerry A. Funk presides over the case.


ONE HORIZON: Has Resale Prospectus of 1.6 Million Shares
--------------------------------------------------------
One Horizon Group, Inc. filed a Form S-3 registration statement
with the Securities and Exchange Commission to register the resale
of up to 1,600,000 shares of its common stock, including 850,000
shares issuable upon exercise of warrants, by First Choice
International Company, Inc.

First Choice may sell the Shares from time to time on the principal
market on which the stock is traded at the prevailing market price
or in negotiated transactions.

The Company will not receive any of the proceeds from the sale of
the Shares by the Selling Stockholder; however the Company will
receive the proceeds from the exercise of the Warrants.  One
Horizon will pay the expenses of registering the Shares.

One Horizon's common stock is listed on the NASDAQ Capital Market
under the symbol "OHGI".

The last reported sale price of the Company's common stock on the
NASDAQ Capital Market on March 8, 2018 was $1.23 per share.

A full-text copy of the Form S-1 Registration Statement is
available for free at https://is.gd/rXyus0

                      About One Horizon Group

Based in Limerick, Ireland, One Horizon Group, Inc. (NASDAQ: OHGI)
-- http://www.onehorizongroup.com/-- is a media and digital
technology acquisition company, which holds a majority interest in
123Wish, a subscription-based, experience marketplace that focuses
on providing users with exclusive opportunities to enjoy
personalized, dream experiences with some of the world's most
renowned social media influencers, and an Asia-based securing
messaging business.

The Company's independent accountants Cherry Bekaert LLP, in Tampa,
Fla., issued a "going concern" opinion in its report on the
Company's consolidated financial statements for the year ended Dec.
31, 2016, stating that the Company has recurring losses and
negative cash flows from operations that raise substantial doubt
about its ability to continue as a going concern.

One Horizon reported a net loss of $5.54 million on $1.61 million
of revenue for the year ended Dec. 31, 2016, compared to a net loss
of $6.30 million on $1.53 million of revenue for the year ended in
2015.  As of Sept. 30, 2017, One Horizon had $8.67 million in total
assets, $4.25 million in total liabilities and $4.42 million in
total stockholders' equity.

According to the Company's Form 10-Q for the period ended Sept. 30,
2017, "[T]he Company will pursue its revised operations and
business plan.  The Company expects to incur further non cash
losses in 2017 which, when combined with any costs incurred in
pursuing acquisition of new businesses, may generate negative cash
flows.  As of Sept. 30, 2017, the Company did not have any
available credit facilities.  As a result, it is in the process of
seeking new financing by way of sale of either convertible debt or
equities.  While it has been successful in the past in obtaining
the necessary capital to support its investment and operations,
there is no assurance that it will be able to obtain additional
financing under acceptable terms and conditions, or at all. In the
event that the Company is unable to obtain sufficient additional
funding when needed in order to fund operations, it would not be
able to continue as a going concern and may be forced to severely
curtail or cease operations and liquidate the Company."


OPTIMUMBANK HOLDINGS: John Clifford Resigns as Director
-------------------------------------------------------
John H. Clifford has resigned from the Board of Directors of
OptimumBank Holdings, Inc. and OptimumBank, the wholly-owned
subsidiary bank of OptimumBank Holdings, Inc., effective March 12,
2018.  Mr. Clifford's decision to resign was not the result of any
disagreement with the Bank or Company, according to a Form 8-K
filed by OptimumBank with the Securities and Exchange Commission.

                   About OptimumBank Holdings

OptimumBank Holdings, Inc., headquartered in Fort Lauderdale, Fla.
-- http://www.optimumbank.com/-- is a one-bank holding company and
owns 100% of OptimumBank, a state (Florida)-chartered commercial
bank.  The Bank offers a variety of community banking services to
individual and corporate customers through its three banking
offices located in Broward County, Florida.  The Bank has four
wholly-owned subsidiaries primarily engaged in holding and
disposing of foreclosed real estate and one subsidiary primarily
engaged in managing foreclosed real estate.  OptimumBank is a
member of the Federal Home Loan Bank of Atlanta.

Hacker, Johnson & Smith PA, in Fort Lauderdale, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016, stating that the
Company is in technical default with respect to its Junior
Subordinated Debenture.  The holders of the Debt Securities could
demand immediate payment of the outstanding debt of $5,155,000 and
accrued and unpaid interest, which raises substantial doubt about
the Company's ability to continue as a going concern.

OptimumBank reported a net loss of $396,000 for the year ended Dec.
31, 2016, following a net loss of $163,000 for the year ended Dec.
31, 2015.  As of Sept. 30, 2017, Optimumbank Holdings had $108.5
million in total assets, $105.8 million in total liabilities and
$2.62 million in total stockholders' equity.


OREXIGEN THERAPEUTICS: Proposes DIP Financing From Baupost, EcoR1
-----------------------------------------------------------------
Orexigen Therapeutics, Inc., seeks permission from the U.S.
Bankruptcy Court for the District of Delaware to obtain
postpetition financing from Baupost Group Securities, L.L.C., EcoR1
Capital Fund, L.P., EcoR1 Capital Fund Qualified, L.P., 1992 MSF
International Ltd, 1992 Tactical Credit Master Fund, L.P., and
Nineteen77 Global Multi-Strategy Alpha Master Limited, with
Wilmington Trust, National Association, as agent, of up to $70.35
million, which includes (i) up to $35 million of new money loans,
(ii) $35 million of roll-up loans, and (iii) a $350,000 fee on a
secured, super-priority basis and to use cash collateral.

The Debtor asks that upon entry of and pursuant to this Interim DIP
Order, (1) up to $7,500,000 of New Money Loans may be borrowed by
the Debtor; (2) up to $7,500,000 of Roll-Up Loans may be incurred,
which the Roll-Up Lenders will be deemed to have made to the Debtor
at the same time and in the same amount as each New Money Loan is
borrowed under clause (1); and (3) the Debtor will incur the
Upfront Fee to the DIP Lenders, which will be capitalized and added
to the principal amount of the DIP Loans.

In return, the Debtor proposes to grant the DIP Lender
automatically perfected (i) security interests in and liens on all
of the DIP Collateral that prime the interests of certain
pre-petition security interests on the terms set forth in the DIP
Loan Agreement and Chapter 11 Orders, (ii) senior security
interests in and liens on all DIP Collateral that is not subject to
an existing Lien, and (iii) nonpriming security interests in and
liens on the DIP Collateral.

As adequate protection, the Debtor wants to grant the Prepetition
Collateral Agent including (i) effective and perfected upon the
entry of the Interim DIP Order, a security interest in and lien on
Collateral which liens and security interests are junior and
subordinate only to (a) the Carve-Out, (b) the DIP Liens, (c) the
DIP Obligations, (d) the Super-priority Claim of the DIP
Administrative Agent for the benefit of the DIP Lenders, and (e)
the Permitted Exceptions, (ii) effective upon the entry of the
Interim DIP Order, an allowed Superpriority Claim, subject to (a)
the Carve-Out and (b) junior only to the Super-priority Claim of
the DIP Administrative Agent, and (iii) current cash payments
payable under the Prepetition Note Documents to the Trustee or the
Prepetition Collateral Agent for all professional fees and expenses
incurred by the Trustee or Prepetition Collateral Agent in
connection with enforcement of the Prepetition Note Documents and
the Chapter 11 Case.

Prior to the Petition Date, the Debtor's management determined that
the Debtor would have a need for additional working capital after
the commencement of this Chapter 11 Case.  While the Debtor did its
best to conserve its available cash prior to the Petition Date, it
will need to have access to additional liquidity to ensure its
ability to fund its day-to-day operations and to reassure its
employees, trade vendors and other constituencies that the Debtor
will be in a position to meet its obligations during the pendency
of this Chapter 11 Case.
Prior to the Petition Date, the Debtor, with the assistance of
Perella Weinberg Partners L.P. and its other professionals, worked
diligently to identify other sources of working capital financing
to determine if they could obtain postpetition financing on terms
or conditions more favorable than those contained in the proposed
DIP Facility.  PWP reached out to more than 30 parties for
postpetition financing proposals, with three parties ultimately
submitting indicative proposals.  All three indicative proposals
sought to prime the Prepetition Secured Noteholders, who refused to
consent to priming liens.

Subsequently, certain holders of the Prepetition Secured Notes
agreed to provide DIP financing on more attractive terms to the
Debtor than the other indicative proposals.  Certain of these
holders made it clear, however, that they would not provide the
required financing or consent to adequate protection provisions
regarding their prepetition liens without (i) a roll up of a
portion of the outstanding principal balance of the Prepetition
Secured Notes, and (ii) milestones related to the Debtor's sale of
its assets under section 363 of the Bankruptcy Code.  After
lengthy, arms'-length negotiations and trading numerous drafts of
proposed term sheets, the parties settled on the arrangement
described above and the other terms, including a roll up of the
Prepetition Secured Notes on a dollar-for-dollar basis with the New
Money Loan commitments.

The terms of the DIP Facility require the Debtor to complete a sale
of its assets in accordance with certain milestones.  To maximize
the value of its estate, and in compliance with the milestones
under the proposed DIP Facility, the Debtor will file a motion
within a few days after the Petition Date seeking authority to
conduct an auction process by which the Debtor will solicit offers
and ultimately seek approval to sell substantially all of its
assets to the bidder with the highest or otherwise best offer.  The
Debtor also reserves the right to appoint a stalking horse
purchaser of its assets and to modify its auction and sale
procedures accordingly.

The Debtor also will seek authority to retain PWP to serve as its
investment banker to assist with conducting the marketing and sale
of its assets.
One critical element of the negotiations was the inclusion of the
payment of the Debtor's contemplated KEIP and KERP into the
carve-out from the secured obligations under the DIP Facility,
which are necessary both to ensure that management is properly
incentivized to support and drive an auction process that will
yield the highest and best offer for the benefit of the Debtor's
estate and to retain "rank and file" employees so that the Debtor
can preserve its value as a going concern.  The parties ultimately
greed that the way to ensure the payment of the KEIP and KERP was
to include the program in the Carve-Out under the DIP Loan
Agreement.  Although the parties understand such a structure is
atypical, it is necessary here because the Debtor faces a unique
set of circumstances that justifies their inclusion into the
carve-out.

The DIP Lenders ultimately agreed to provide the DIP financing on
more attractive terms to the Debtor than the other indicative
proposals.  The Lenders have offered to provide the DIP facility to
address the Debtor's anticipated working capital needs during the
pendency of this Chapter 11 Case.  The DIP Lenders are the Required
Holders under the Prepetition Notes Indenture because they hold in
the aggregate the requisite amount of Prepetition Secured Notes,
and as such consent to the priming of the liens securing the
Prepetition Secured Notes.  In addition, the Prepetition Collateral
Agent consents to priming.

Interest will accrue on the principal balance of the DIP Loans,
from time to time, based on a 360 day year and charged for the
actual number of days outstanding.  The Debtor will pay interest
and default interest monthly in arrears in cash on the Interest
Payment Date for the immediately preceding Interest Period through
and including the interest payment date.  All DIP Loans outstanding
under the DIP Facility shall bear interest for each Interest Period
at a rate per annum equal to the LIBO Rate for such Interest Period
plus 10.00% per annum.

During the continuance of a DIP Event of Default, outstanding DIP
Obligations will bear interest at a rate equal to 2% per annum
above the non-default interest rate and the interest will be
payable monthly in arrears in cash on each Interest Payment Date.

On the Closing Date, the Debtor shall pay the DIP Lenders the
$350,000 Upfront Fee.  The Upfront Fee will be deemed fully earned
on the Closing Date and will be paid in-kind on the Closing Date by
being capitalized and added ratably to the outstanding principal
amount of each DIP Lender's DIP Loans on the Closing Date and will
constitute DIP Loan principal for all purposes under the DIP Loan
Agreement and the Chapter 11 Orders.  Once paid, the
Upfront Fee will be nonrefundable.

The Debtor will pay to the DIP Administrative Agent, for its own
account, fees in the amounts and at the times specified in the Fee
Letter.  The fees will be fully earned when due and will not be
refundable for any reason whatsoever and will be in addition to the
reimbursement of the DIP Administrative Agent's out-of-pocket
expenses.

All DIP Obligations, to the extent not already paid or satisfied,
will be repaid in full (subject to the Carve-Out), and the New
Money Loan Commitments will terminate on the earliest to occur of:
(i) the Interim DIP Facility Maturity Date, (ii) the closing of the
363 Sale, (iii) the occurrence of a DIP Event of Default and the
expiration of any applicable cure period, and (iv) July 31, 2018.

The Debtor must comply with these milestones in connection with the
363 Sale:

     a. As promptly as possible but in no event later than three
        business days after the Petition Date, the Debtor will
        file a motion seeking the entry of an order (i) approving
        the 363 Sale pursuant to Section 363 of the Bankruptcy
        Code and (ii) establishing and approving the Bidding
        Procedures;

     b. Within twenty-one (21) calendar days after the 363 Sale
        motion has been filed, the Bankruptcy Court (subject to
        its availability) will enter the Bidding Procedures Order.

        The Bidding Procedures Order will specify, among other
        things, that (i) the Prepetition Trustee (upon the
        direction of the Required Holders) will have the
        unconditional right to credit bid for any and all assets
        offered for sale by the Debtor at the Auction and (ii)
        that any other bids at the Auction must provide sufficient

        cash consideration to pay off the DIP Obligations in cash
        and in full;

     c. The Bidding Procedures Order shall provide that bids will
        be due within forty-five calendar days after entry of
        the Bidding Procedures Order;

     d. Within three Business Days after the Bid Deadline, the
        Debtor will have commenced the Auction pursuant to the
        Bidding Procedures Order;

     e. Within ten Business Days after the Bid Deadline, the
        Court (subject to its availability) will have entered an
        order approving the 363 Sale;

     f. Upon the later of (i) twenty-five calendar days after
        entry of the 363 Order; and (ii) five calendar days
        after all necessary regulatory approvals are completed,
        the Debtor will have consummated the 363 Sale; and

     g. The Bidding Procedures Order, the Bidding Procedures,
        the Auction procedures, any definitive purchase or sale
        agreement with respect to the assets of the Debtor
        (including, but not limited to, any stalking horse
        purchase or sale agreement) and the 363 Sale order will    
    
        each be in form and substance satisfactory to the Required

        Holders and the Required DIP Lenders in their sole
        discretion.

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

           http://bankrupt.com/misc/deb18-10518-4.pdf

                   About Orexigen Therapeutics

Orexigen Therapeutics, Inc. -- http://www.orexigen.com/-- is a
biopharmaceutical company focused on the treatment of obesity and
the commercialization of a single pharmaceutical drug for chronic
weight management.  Orexigen is based in La Jolla, California, and
was established by Eckard Weber in 2002.

Orexigen Therapeutics filed for Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 18-10518) on March 12, 2018, seeking
authorization to pursue an auction and sale process under Section
363 of the U.S. Bankruptcy Code.

The Debtor disclosed $265,100,000 in total assets, and $226,400,000
total debt as of Nov. 30, 2017.

The Hon. Kevin Gross is the case judge.

The Debtor tapped HOGAN LOVELLS US LLP as counsel; MORRIS, NICHOLS,
ARSHT & TUNNELL LLP, as Delaware bankruptcy counsel; ERNST AND
YOUNG LLP as financial advisor; and PERELLA WEINBERG PARTNERS as
investment banker.  KURTZMAN CARSON CONSULTANTS LLC is the claims
agent.


OREXIGEN THERAPEUTICS: Selling All Assets by End of June
--------------------------------------------------------
Orexigen Therapeutics, Inc., the company focused on the treatment
of obesity, is selling its assets by the end of June 2018 using a
structured process through Chapter 11 of the U.S. Bankruptcy Code.

"While we have been working closely with our noteholders and have
the support of a controlling noteholders, our debt covenant
requirements and near-term cash flow needs have necessitated the
protection afforded by a court-driven process," the Company said.

Orexigen received a $35 million financing commitment so that it can
continue to operate its business through the planned sale
period.

"We are committed to maintain business continuity and ensure
product availability to patients through our high quality,
continuous and uninterrupted supply of Contrave (naltrexone HCl and
bupropion HCl extended release)/Mysimba (naltrexone HCl and
bupropion HCl prolonged release) . Almost 800,000 patients have
benefitted from CONTRAVE since launch and through this near-term
sale we intend that the growing patient demand will continue to be
served," the Company said in a statement.

                     No Stalking Horse Bidder

Orexigen admitted in court filings that it has not yet selected a
buyer or stalking horse bidder for the assets.

The Debtor will file a motion under 11 U.S.C. Sec. 363 seeking a
bidding process and structured auction at which potential buyers
may bid on the assets.

The DIP financing agreement requires the Debtor to comply with
various milestones in connection with the Sec. 363 sale, which
milestones include (i) a filing of the bidding procedures motion
within 3 days of the Petition Date, (ii) approval of the bidding
procedures within 21 days of the filing of the motion, (iii) a
deadline for initial bids that is 45 days after entry of the
bidding procedures order, and (iv) an auction 3 days after the
deadline for initial bids.

The Company expects the sale period to conclude in approximately 90
days:

    * Bidding Procedures and Auction to conclude in May 2018;

    * Bids expected to be submitted by May 21, 2018;

    * Structured Auction targeted to commence no later than
      May 24, 2018; and

    * Sale intended to be concluded by July 2, 2018

The Debtor said it conducted two sales processes before filing for
bankruptcy but was unable to secure a stalking horse bid before
running  very tight on liquidity.

                    New Money Loan Commitments

The Debtor has filed a motion seeking approval of postpetition
financing of up to $70.35 million consisting of up to $35 million
of new money loans, $35 million of roll-up loans, and a $350,000
upfront fee.  Wilmington Trust, National Association, is the DIP
Administrative Agent under the DIP facility.

The new money loan commitments are:

                                   New Money Loan
       DIP Lender                   Commitment        Percentage
       ----------                  --------------     ----------
Baupost Group Securities, LLC        $21,169,355          60.5%
EcoR1 Capital Fund, L.P.                $915,927           2.6%
EcoR1 Capital Fund Qualified, L.P.    $4,164,718          11.9%
1992 MSF International Ltd.           $1,340,726           3.8%
1992 Tactical Credit Master Fund, LP    $352,823           1.0%
Nineeen77 Global Multi-Strategy
   Alp[ha Master Limited              $7,056,451          20.2%
                                    ------------        -------
                                     $35,000,000         100.0%

In order to maximize the likelihood of success of the sales
process, the parties have also agreed to include in the carve-out
from the collateral of the DIP Administrative Agent for the benefit
of the DIP Lenders, the Debtor's Key Employee Incentive Plan
("KEIP") and Key Employee Retention Plan ("KERP") as well as the
fees and expenses of the Debtor's professionals.

The KEIP and KERP -- both of which have been approved by the
Debtor's Board of Directors -- are necessary both to ensure that
management is properly incentivized to support and drive an auction
process that will yield the highest and best offer for the benefit
of the Debtor's estate and to retain non-management employees to
continue work on the Debtor's business plan and preserve its value
as a going concern.

The Debtor intends to file a motion seeking Court approval of the
KEIP and KERP in conjunction with the Sale Motion and proposed
bidding procedures within 3 business days following the Petition
Date.

Attorneys for the DIP Lenders:

        Eric Winston, Esq.
        Bennett Murphy, Esq.
        Quinn Emanuel Urquhart &Sullivan LLP
        865 S. Figueroa Street, 10th Floor
        Los Angeles, CA 90017
        Facsimile: (213) 443-3100
        E-mail: ericwinston@quinnemanuel.com
                bennettmurphy@quinnemanuel.com

             - and -

        Robert J. Stark, Esq.
        Steven B. Levine, Esq.
        Brown Rudnick, LLP
        Seven Times Square
        New York, NY 10036
        Facsimile: (617) 289-0418
        E-mail: slevine@brownrudnick.com
                rstark@brownrudnick.com

The DIP Administrative Agent:

        Wilmington Trust, National Association,
        50 South Sixth Street, Suite 1290
        Minneapolis, MN  55402
        Attn: Josh James
        Telephone:(612) 217-5637
        Telecopy: (612) 217-5651
        E-mail: jjames@wilmingtontrust.com

Counsel for the DIP Agent:

        Alan Glantz, Esq.
        Tyler Nurnberg, Esq.
        Arnold & Porter Kaye Scholer LLP
        250 West 55th Street
        New York, NY 10019-9710
        Telephone: (212) 836-7253
                   (312) 583-2323
        Facsimile: (212) 836-6763
                   (312) 583-2530
        E-mail: alan.glantz@arnoldporter.com
                tyler.nurnberg@arnoldporter.com

A copy of the affidavit in support of the first day motions is
available at:

    http://bankrupt.com/misc/Orexigen_3_1st_Day_Affidavit.pdf

                   About Orexigen Therapeutics

Orexigen Therapeutics, Inc., based in La Jolla, California, --
http://www.orexigen.com/-- is a biopharmaceutical company focused
on the treatment of weight loss and obesity.  The company's mission
is to help improve the health and lives of patients struggling to
lose weight.  Orexigen's first product, Contrave (naltrexone HCl
and bupropion HCl extended release), was approved in the U.S. in
September 2014.  In the European Union, the medicine has been
approved under the brand name Mysimba (naltrexone HCl/bupropion HCl
prolonged release).  Orexigen is undertaking a range of development
and commercialization activities, both on its own and with
strategic partners, to bring Contrave/Mysimba to patients around
the world.  Orexigen is a publicly traded company with its shares
listed on The NASDAQ Global Select Market under the ticker symbol
"OREX".  The Company has 111 employees in the U.S.

Orexigen filed a voluntary petition for relief under Chapter 11 of
the United States Bankruptcy Code (Bankr. D. Del. Case No.
18-10518) on March 12, 2018.

The Debtor disclosed total assets of $265,100,000 and total debt of
$226,400,000 as of Nov. 30, 2017.

The case is administered before the Honorable Judge Kevin Gross.

The Company's subsidiaries, Orexigen Therapeutics Ireland Limited
and Orexigen Therapeutics Ireland, LLC, were not included in the
Chapter 11 filing and there will be no adjustments to those
operations.

The Debtor tapped HOGAN LOVELLS US LLP as general bankruptcy
counsel; MORRIS, NICHOLS, ARSHT & TUNNELL LLP as Delaware
bankruptcy counsel; ERNST AND YOUNG LLP as financial advisor;
PERELLA WEINBERG PARTNERS as investment banker; and KURTZMAN CARSON
CONSULTANTS LLC as claims and noticing agent.


P3 FOODS: Can Continue Using Cash Collateral Through April 12
-------------------------------------------------------------
The Hon. Donald R. Cassling of the U.S. Bankruptcy Court for the
Northern District of Illinois has entered an eighteenth interim
order authorizing P3 Foods, LLC, to continue using PNC Equipment
Finance, LLC's cash collateral solely to pay ordinary and necessary
expenses as set forth on the Budget through April 12, 2018.

The Seventeenth Interim Order authorizes the Debtor to use cash of
$1,001,516 during the period from March 11, 2018 through April 12,
2018

In consideration of and as adequate protection for any diminution
in the value of PNC Equipment's cash and non-cash collateral
arising from the Debtor's use of cash collateral:

     (a) PNC Equipment is granted postpetition replacement liens,
to the same extent and with the same priority it held prepetition
on the same type of assets. Such adequate protection liens will be
a valid, perfected, first priority lien in favor of PNC Equipment
against all prepetition and postpetition assets of the Debtor of
the same kind and type and to the same extent and priority as
existed as of the Petition Date;

     (b) The Debtor will maintain all necessary insurance as may be
currently in effect, and obtain such additional insurance in an
amount as is appropriate for the business in which the Debtor is
engaged;

     (c) PNC Equipment will have the right to inspect the
collateral or the assets subject to its Adequate Protection Liens
as well as the Debtor's books and records; and

     (d) The Debtor will make an adequate protection payment to PNC
Equipment in the amount of $16,428.

In addition, 20/20 Franchise Funding and Leaf Capital Funding are
each granted with a post-petition replacement lien, to the same
extent and with the same priority as they respectively held
prepetition on the same type of assets.

In addition, on or before April 15, 2018, the Debtor will make
these adequate protection payments to its secured creditors:

     (i) 20/20 Franchise Funding LLC in the amount of $4,835; and

    (ii) Leaf Capital Funding in the amount of $797.

The Debtor's Motion for use of cash collateral is continued for a
hearing on April 3, 2018 at 10:00 a.m.

A full-text copy of the 18th Interim Order is available at:

         http://bankrupt.com/misc/ilnb16-32021-203.pdf

                         About P3 Foods

P3 Foods, LLC, operator of nine Burger King franchises in
Minneapolis, Minnesota, filed a chapter 11 petition (Bankr. N.D.
Ill. Case No. 16-32021) on Oct. 6, 2016.  Judge Donald Cassling is
the case judge.  The Debtor tapped Richard L. Hirsh, Esq., at
Richard L. Hirsh, P.C., as counsel.  The Debtor also engaged
Aldridge Chasewater LLC as accountant.  An official committee of
unsecured creditors has not been appointed in the case.


PACIFIC OFFICE: Incurs $13.8 Million Net Loss in 2017
-----------------------------------------------------
Pacific Office Properties Trust, Inc. filed with the Securities and
Exchange Commission its annual report on Form 10-K reporting a net
loss of $13.80 million on $45.49 million of total revenue for the
year ended Dec. 31, 2017, compared to a net loss of $13.96 million
on $44.77 million of total revenue for the year ended
Dec. 31, 2016.

As of Dec. 31, 2017, Pacific Office had $250.72 million in total
assets, $410.71 million in total liabilities and a total deficit of
$159.98 million.

Ernst & Young LLP, in Honolulu, Hawaii, issued a "going concern"
opinion in its report on the consolidated financial statements for
the year ended Dec. 31, 2017, stating that the Company expects that
funds from operations, including existing cash on hand, will be
insufficient to meet its working capital requirements and capital
and tenant improvements obligations which raise substantial doubt
about its ability to continue as a going concern.

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

                      https://is.gd/rNpRTQ

                      About Pacific Office

Pacific Office Properties Trust, Inc., based in Honolulu, Hawaii --
http://www.pacificofficeproperties.com/-- has elected to be
treated as a real estate investment trust, or REIT, under the
Internal Revenue Code of 1986, as amended.  The Company is a REIT
that owns and operates primarily institutional-quality office
properties in Hawaii.  As of Dec. 31, 2017, the Company owned three
office properties, comprising 1.2 million rentable square feet, and
were partners with third parties in joint ventures holding one
office property and a sports club associated with that property in
Phoenix, Arizona.  Its ownership interest percentage in these joint
ventures is 5.0%.  As of Dec. 31, 2017, its property portfolio
included office buildings in Honolulu and Phoenix.


PARADISE AQUATICS: Seeks Permission to Cash Collateral Access
-------------------------------------------------------------
Paradise Aquatics, LLC, asks the U.S. Bankruptcy Court for the
Eastern District of Virginia to authorize its use of cash
collateral.

The Debtor intends to use cash collateral to fund ongoing
operations of the Debtor as identified in the Budget and propose
and pursue confirmation of a Plan of Reorganization. Particularly,
the Debtor intends pay from cash on hand and revenues general
monthly operating expenses in accordance with the Budget,
including:

      (a) Wages that accrue and are due in the ordinary course,
including paychecks issued and outstanding as of the petition date,
as well as accrued and unpaid prepetition wages, and all associated
payroll taxes;

      (b) Material and Labor due suppliers and sub-contractors on
existing construction jobs;

      (c) Office rent, utilities, and supplies;

      (d) Licenses, tax obligations and insurance premiums as they
come due in the ordinary course; and

      (e) Administrative Expenses, including quarterly fees to the
U. S. Trustee, and professional fees to the Debtor's attorneys,
accountants and other professionals, upon application and approval
by the Court.

The cash collateral secures Debtor's debts to Xenith Bank, the
Internal Revenue Service, and Baystate Pool Supplies, Inc.
(collectively, "Cash Collateral Creditors").

The Debtor will deposit all receipts, including deposits for new
jobs, into either the Debtor-in-Possession Operating Account or the
Debtor-in-Possession Reserve Account.

The Cash Collateral Creditors will have a replacement lien in and
to all property of the Debtor's estate of the kind presently
securing repayment to the Cash Collateral Creditors to the same
extent, validity and priority of the liens that existed on the
Petition Date, including the DIP Operating Account and DIP Reserve
Account.

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

        http://bankrupt.com/misc/vaeb18-70639-13.pdf

                   About Paradise Aquatics

Paradise Aquatics, LLC -- http://www.paradiseaquaticspools.com/--
is a pool company located in Suffolk, Virginia.  The Company
specializes in the construction, service, maintenance, repair and
landscaping of pools and spas.  The Company offers a wide range of
custom granite swimming pools, fiberglass swimming pools, and vinyl
swimming pools. Paradise Aquatics was formed in 2008 serving the
Southeastern and Peninsula Virginia and the Northeastern areas of
North Carolina.

Paradise Aquatics filed a Chapter 11 petition (Bankr. E.D. Va. Case
No. 18-70639) on Feb. 28, 2018.  In the petition signed by Paul
McQueen, managing member, the Debtor had $350,270 total assets and
$1.15 million total liabilities as of Dec. 31, 2017.  Ann B.
Brogan, Esq., at Crowley, Liberatore, Ryan & Brogan P.C., is the
Debtor's counsel.


PARKLAND FUEL: S&P Rates US$500MM Senior Unsecured Notes 'BB-'
--------------------------------------------------------------
S&P Global Ratings said it assigned its 'BB-' issue-level rating
and '3' recovery rating to Parkland Fuel Corp.'s proposed US$500
million senior unsecured notes due 2026. S&P said, "The '3'
recovery rating reflects our expectation for meaningful (50%-70%;
rounded estimate of 60%) recovery in our simulated default
scenario. We expect the estimate will remain unchanged if the
issuance is upsized modestly and the transaction remains neutral to
the company's credit measures."

All of S&P's other ratings on the company are unchanged, including
its 'BB-' long-term corporate rating on Parkland. The outlook is
negative.

The company will use the note proceeds along with cash on hand, as
needed, to repay borrowings under the existing credit facility. The
proposed notes are pari passu with Parkland's unsecured notes
outstanding. S&P expects that concurrent with the notes offering,
the revolving credit facility will be reduced to about C$540
million.

Parkland exited 2017 with adjusted debt-to-EBITDA at 6.1x, as it
completed the acquisition of the CST Brand Inc. and Chevron Canada
R&M ULC assets, including the Burnaby refinery. The company's cash
flow for 2017 was in line with our expectations. However, in S&P's
view, the risks associated with the Burnaby refinery are
unchanged--a single-asset refinery operating in a volatile industry
in which the current management has limited experience. At the same
time, the refinery is undergoing a major turnaround where it will
be running at a lower utilization (including a shutdown for two
months) while major maintenance work is completed. Turnaround risks
include, but are not limited to, cost overruns, timing delays, or
unexpected problems on start-up that could not only lead to higher
expenses but also longer downtime, thus pressuring cash flows. S&P
expects the company's credit measures to remain in the 4.0x-4.5x
range in 2018 under its base-case assumptions and any minor
underperformance in either integration or execution could lead to
weakening of the metrics.

RATINGS LIST
  Parkland Fuel Corp.
   Corporate credit rating                      BB-/Negative/--

  Rating Assigned
   US$500 mil. senior unsecured notes due 2026  BB-
    Recovery rating                             3(60%)


PATRIOT NATIONAL: Files Amended Plan & 2nd Amended Disc. Statement
------------------------------------------------------------------
BankruptcyData.com reported that Patriot National Inc. filed with
the U.S. Bankruptcy Court an Amended Joint Chapter 11 Plan of
Reorganization and a Second Amended Disclosure Statement.

BankruptcyData noted that according to the Disclosure Statement,
"The Plan contemplates that any and all claims that the Debtors
have or may have against Cerberus will be released upon the
Effective Date as part of a global settlement and compromise
pursuant to which the Debtors and their creditors are receiving
significant consideration. The Debtors, in the exercise of their
reasonable business judgment, have concluded that this settlement
and compromise is in the best interests of the Debtors, their
estates and creditors. First, in an effort to stabilize the Debtors
in the wake of the GIC Receivership Order and the virtually
overnight loss of not less than 60% of the Debtors' revenues,
Cerberus and the Lenders entered into the RSA providing for the
restructuring of the Debtors through pre-arranged Chapter 11 cases
to be funded by debtor in possession financing provided by the
Lenders. Second, pursuant to the Plan, Cerberus and the Lenders
have agreed to convert a portion of their debt to equity and new
second lien notes, and provide exit financing so that the Debtors
can pay all administrative expense and priority claims and continue
to operate their businesses (including the employment of over 400
people). [A]s additional consideration to the Debtors and their
other creditors, Cerberus and the Lenders have agreed to cap their
share of recoveries from the Litigation Trust at a ratio of 4 to 1
in relation to General Unsecured Creditors, even though their
deficiency claim is currently expected to be approximately 5 to 6
times the aggregate amount of General Unsecured Claims. Based upon
the foregoing, the Debtors believe that Cerberus and the Lenders
have provided (and under the Plan will further provide) significant
consideration to the Debtors and their estates that support the
settlement, compromise and releases embodied in the Plan."

                      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 an official committee of
unsecured creditors in the Debtors' cases.


PETSMART INC: Bank Debt Trades at 19.46% Off
--------------------------------------------
Participations in a syndicated loan under which Petsmart Inc. is a
borrower traded in the secondary market at 80.54
cents-on-the-dollar during the week ended Friday, March 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 2.37 percentage points from the
previous week. Petsmart Inc. pays 300 basis points above LIBOR to
borrow under the $4.246 billion facility. The bank loan matures on
March 10, 2022. Moody's rates the loan 'B1' and Standard & Poor's
gave a 'CCC+' rating to the loan. The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday,
March 2.


PHH CORP: Egan-Jones Hikes Commercial Paper Ratings to B
--------------------------------------------------------
Egan-Jones Ratings Company, on March 5, 2018, upgraded the foreign
currency and local currency ratings on commercial paper issued by
PHH Corporation to B from C.

The PHH Corporation is an American financial services corporation
headquartered in Mount Laurel, New Jersey which provides mortgage
services to some of the world's largest financial services firms.





PRIME CUT: Moody's Assigns B2 Corp. Family Rating; Outlook Stable
-----------------------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating
(CFR) and B2-PD Probability of Default Rating (PDR) to Prime Cut
Merger Sub Inc. (acquirer of "Fogo de Chao", "Fogo") Moody's
additionally assigned B2 ratings to the proposed $40 million senior
secured revolving credit facility and $300 million senior secured
first lien term loan. The outlook is stable.

Prime Cut Merger Sub Inc. is the initial borrower, and upon
consummation of the transaction, Fogo de Chao, Inc. will be the
borrower under the credit facilities.

Proceeds from the proposed $300 million first lien term loan, along
with $281 million of common equity contributed by affiliates of
Rhône Capital, will be used to fund the acquisition of Fogo de
Chao, including refinancing approximately $92 million of existing
outstanding net debt, pay $26 million in related financing fees and
expenses, and put $5 million of cash on the balance sheet. The
ratings and outlook are subject to the execution of the proposed
transaction and Moody's receipt and review of final documentation.

"The ratings reflect Fogo's small size and scale, as well as its
high pro forma lease-adjusted leverage near 5.5x, following the
acquisition by Rhône Capital," stated Moody's AVP-Analyst, Adam
McLaren. However, Moody's expects credit metrics will improve from
pro-forma levels as newly opened restaurants hit run rate earnings
levels and the company focuses on debt reduction, while maintaining
good liquidity.

Assignments:

Issuer: Prime Cut Merger Sub Inc.

-- Probability of Default Rating, Assigned B2-PD

-- Corporate Family Rating, Assigned B2

-- Senior Secured Bank Credit Facility, Assigned B2(LGD3)

Outlook Actions:

Issuer: Prime Cut Merger Sub Inc.

-- Outlook, Assigned Stable

RATINGS RATIONALE

Fogo de Chao (B2 stable) is constrained by the company's high
leverage stemming from the proposed acquisition of the company by
Rhône Capital. The company's small size and limited, although
improved, product offering diversity relative to other rated
restaurant chains, potential earnings volatility due to exposure to
commodities such as beef, and exposure to currency fluctuations as
nearly 14% of revenue is generated in Brazil while all the debt is
denominated in US dollars, further constrain the company. Fogo de
Chao benefits from its strong operating margins, which are largely
attributable to its continuous service model (gaucho chefs serve
tableside) and lower operating costs relative to peers and brand
awareness within its core markets. The company's geographic
diversity in both the U.S. and Brazil, as well as its unique
Brazilian steakhouse customer experience, help drive same store
sales and relatively stable cash flow generation. The rating is
further supported by the company's good liquidity and expectation
that leverage will come down as a result of debt repayment above
required amortization levels.

The stable outlook reflects Moody's expectation that debt
protection metrics will gradually improve, driven by earnings
growth from same store growth and new unit additions and debt
reduction over and above required amortization. The stable outlook
also reflects that Fogo will continue to have good liquidity.

A ratings upgrade is not likely over the near term given the
company's relatively small scale. However, over time, sustained
growth in revenue and per unit profitability while maintaining good
liquidity and demonstrating conservative financial policies,
including the use of free cash flow for debt reduction, could lead
to a ratings upgrade. Specifically, Debt to EBITDA below 4.5 times
and EBIT to interest expense above 2.0 times.

A downgrade could occur if operating performance were to weaken or
if financial policies were to become more aggressive including debt
financed dividends, leading to deterioration in credit metrics or
weaker liquidity. Debt/EBITDA over 6.0 times or interest coverage
below 1.5 times could result in a downgrade.

The principal methodology used in these ratings was Restaurant
Industry published in January 2018.

Fogo de Chao, Inc. (initially "Prime Cut Merger Sub Inc.") based in
Plano, TX, operates a Brazilian steakhouse ("Churrascaria")
restaurant chain with 38 restaurants in the U.S., 9 in Brazil, 2
joint venture restaurants in Mexico and 2 joint venture restaurants
in the Middle East. Revenue for the twelve month period ended
December 31, 2017 was approximately $314 million, with a
substantial majority derived in the U.S. Fogo de Chao is owned by
affiliates of Rhône Capital.


QUADRANT 4: $1M Private Sale of Residual Assets Approved
--------------------------------------------------------
Judge Jack B. Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois has entered a supplemental order
granting in part the Settlement and Asset Purchase Agreement of
Quadrant 4 System Corp. and its affiliates with BIP Lender, LLC, in
connection with Quadrant 4's private sale of residual software
platforms for $1 million credit bid.

Within one business day of the entry of the Supplemental Sale
Procedures Order, the Debtor will file the Assignment Notice with
the Court and serve same on each Notice Recipient to any executory
contract or unexpired lease which the Debtor intends to assume and
assign in conjunction with the Sale as identified by BEP.  Any
objection of a non-debtor party to a Contract/Lease to the Cure
Amount set forth in the Assignment Notice or to the Proposed
Assumption/Assignment of such Contract/Lease must be filed with the
Court at least two days before the Sale Hearing.

If a non-debtor party to a Contract/Lease files a written
Assignment Objection challenging a Cure Amount, the objection must
set forth the cure amount being claimed by the objecting party with
the appropriate documentation in support thereof.  Upon receipt of
an Assignment Objection based on the Cure Amount or otherwise, the
Debtor, in conjunction with BIP, is authorized, but not directed,
to resolve such Assignment Objection by mutual agreement with the
objecting party to any Contract/Lease without further order of the
Court.  In the event that the Debtor, BIP and any objecting party
are unable to consensually resolve any Assignment Objection prior
to the Sale Hearing, the Court will resolve any such Assignment
Objection at the Sale Hearing.  The Assignment Notice to be issued
in connection with the proposed Sale is approved and made a part of
the Supplemental Sale Procedures Order.

A copy of the Assignment Notice attached to the Supplemental Sale
Procedures Order is available for free at:

    http://bankrupt.com/misc/Quadrant_4_370_Order.pdf

The Court will consider the approval of the assumption and
assignment of any Contracts and Leases to BIP at the Sale Hearing.

The stays provided for in Bankruptcy Rules 6004(h) and 6006(d) are
waived and the Supplemental Sale Procedures Order will be effective
immediately upon its entry.

                    About Quadrant 4 System

Quadrant 4 System Corporation (OTC:QFOR) -- http://www.qfor.com/--
sells IT products and services.  Its revenues are primarily
generated from the placement of staffing or solution consultants,
and the sale and licensing of its proprietary cloud-based Software
as a Service (SaaS) systems, as well as a wide range of technology
oriented services and solutions.  The company's principal executive
offices are located in Schaumburg Illinois.  It also operates its
business from various offices located in Naples, Florida;
Alpharetta, Georgia; Bingham Farms, Michigan; Cranbury, New Jersey;
Pleasanton, California; and Ann Arbor, Michigan.

Quadrant 4 is the 100% owner of the issued and outstanding common
stock of Stratitude, Inc., a California corporation, which it
acquired on or about Nov. 3, 2016.  Concurrently with the
Stratitude Acquisition, Stratitude acquired certain of the assets
of Agama Solutions, Inc., a California corporation.  Both
Stratitude and Agama are located in Pleasanton and Fremont,
California and are engaged in the IT business.

Quadrant 4 disclosed total assets of $47.05 million and total
liabilities of $31.39 million as of Sept. 30, 2016.

Quadrant 4 filed a Chapter 11 petition (Bankr. N.D. Ill. Case No.
17-19689) on June 29, 2017.   Stratitude, Inc., filed a Chapter 11
petition (Bankr. N.D. Ill. Case No. 17-30724) on Oct. 13, 2017.
The case is jointly administered with that of Quadrant 4.

Quadrant 4, which was subject to a securities fraud probe that led
to the arrest and resignation of its top two executives seven
months ago, sought Chapter 11 protection after reaching a
settlement with the U.S. Securities and Exchange Commission and
signing deals to sell four business segments for at least $6.9
million.

The Debtors' cases are assigned to Judge Jack B. Schmetterer.

The Debtors' bankruptcy counsel is Adelman & Gettleman Ltd.  Nixon
Peabody LLP acts as special counsel to the Debtors for matters
concerning taxes, labor, ERISA, securities compliance,
international law, and related matters while Faegre Baker Daniels
LLP acts as special counsel for securities litigation.  The
Debtors hired Silverman Consulting Inc. as financial consultant,
and Livingstone Partners, LLC, as investment banker.

On July 10, 2017, an official committee of unsecured creditors was
appointed in the Debtor's case.  The Committee retained Sugar
Felsenthal Grais & Hammer LLP as its legal counsel, and Amherst
Partners, LLC, as its financial advisor.


QUADRANT 4: Stratitude Seeks Termination of 401K Plans
------------------------------------------------------
BankruptcyData.com reported that Stratitude (a wholly-owned
subsidiary of Quadrant 4 Systems) filed with the U.S. Bankruptcy
Court a motion for entry of order an order authorizing termination
of the Debtor's 401(k) plan and for limited and shortened notice
thereof.

The motion explains, "Prior to the Petition Date, the Debtor
implemented the 401(k) Plan, effective August 1, 2017. The 401(k)
Plan is sponsored by the Debtor. Automatic Data Processing (ADP)
manages the 401(k) Plan, including any required recordkeeping
services. ADP's management fees are paid out of the funds in the
401(k) Plan. The Debtor's only remaining active employee is its
CEO, Robert Steele, who is not, and has never been, a Plan
Participant. Therefore, as of the filing of this Motion, the Debtor
does not have any active employees participating in the 401(k)
Plan."

In addition, "Through the Chapter 11 Case, the Debtor's business
affairs are winding down and all Plan Participants have been
terminated. The Plan Administrators are Robert Steele and Aparna
Radeekesh. Ms. Radeekesh is not an employee of the Debtor and
therefore not a Plan Participant. Mr. Steele is also not a Plan
Participant, and it is anticipated that he will leave the Debtor
following confirmation of a plan of liquidation. Finally,
termination of the 401(k) Plan will eliminate ongoing monthly
management fees to ADP, which will continue to be charged against
Plan Participant account balances until all funds have been removed
from the plan."

                    About Quadrant 4 System

Quadrant 4 System Corporation (OTC:QFOR) -- http://www.qfor.com/--
sells IT products and services.  Its revenues are primarily
generated from the placement of staffing or solution consultants,
and the sale and licensing of its proprietary cloud-based Software
as a Service (SaaS) systems, as well as a wide range of technology
oriented services and solutions.  The company's principal executive
offices are located in Schaumburg Illinois.  It also operates its
business from various offices located in Naples, Florida;
Alpharetta, Georgia; Bingham Farms, Michigan; Cranbury, New Jersey;
Pleasanton, California; and Ann Arbor, Michigan.

Quadrant 4 is the 100% owner of the issued and outstanding common
stock of Stratitude, Inc., a California corporation, which it
acquired on or about Nov. 3, 2016.  Concurrently with the
Stratitude Acquisition, Stratitude acquired certain of the assets
of Agama Solutions, Inc., a California corporation.  Both
Stratitude and Agama are located in Pleasanton and Fremont,
California and are engaged in the IT business.

Quadrant 4 disclosed total assets of $47.05 million and total
liabilities of $31.39 million as of Sept. 30, 2016.

Quadrant 4 filed a Chapter 11 petition (Bankr. N.D. Ill. Case No.
17-19689) on June 29, 2017.   Stratitude, Inc., filed a Chapter 11
petition (Bankr. N.D. Ill. Case No. 17-30724) on Oct. 13, 2017.
The case is jointly administered with that of Quadrant 4.  

Quadrant 4, which was subject to a securities fraud probe that led
to the arrest and resignation of its top two executives seven
months ago, sought Chapter 11 protection after reaching a
settlement with the U.S. Securities and Exchange Commission and
signing deals to sell four business segments for at least $6.9
million.

The Debtors' cases are assigned to Judge Jack B. Schmetterer.

The Debtors' bankruptcy counsel is Adelman & Gettleman Ltd.  Nixon
Peabody LLP acts as special counsel to the Debtors for matters
concerning taxes, labor, ERISA, securities compliance,
international law, and related matters while Faegre Baker Daniels
LLP acts as special counsel for securities litigation.  The Debtors
hired Silverman Consulting Inc. as financial consultant, and
Livingstone Partners, LLC, as investment banker.

On July 10, 2017, an official committee of unsecured creditors was
appointed in the Debtor's case.  The Committee retained Sugar
Felsenthal Grais & Hammer LLP as its legal counsel, and Amherst
Partners, LLC, as its financial advisor.


QUEST SOLUTION: Reduces Debt by $15 Million
-------------------------------------------
Quest Solution, Inc., announced agreements with certain noteholders
that result in a reduction of the Company's debt liability to such
creditors from $17.4 million to $2.1 million.

Shai Lustgarten, Quest's CEO, stated, "We have made dramatic
progress toward the main strategic goals new management identified
in our August 7, 2017 press release.  The efficiency measures we
have taken and this debt reduction have transformed the Company's
financial strength and significantly enhanced our balance sheet,
improving stockholders' equity, cash flow and all of our financial
ratios.  The achievements to date have created nothing short of a
rebirth of the Company for our employees and shareholders."

Mr. Lustgarten continued, "When the new management team took
control approximately one year ago, we inherited an essentially
broken business including a very weak balance sheet and an
operation that generated losses.  Our top priorities since coming
on board have been to deliver profitable operations and to
negotiate a refinancing of the debt, combined efforts that enable
us to build significant long term shareholder value.  We can now
move forward with more efficient operations, modest interest
expense and a balance sheet that can support the success we are
driving in the business.  I would like to thank the note holders
for seeing the opportunity to unlock potentially significant value
by aligning with the Company and its equity holders."

Mr. Lustgarten continued, "In addition to improving the balance
sheet, it is important to note that we have made substantial
progress executing on the turnaround initiatives we previously
outlined.  Among the key priorities that we set forth and have
taken meaningful steps toward accomplishing are:

   * Delivering sustained profitability by realizing efficiencies;
       
   * Improving performance by changing company culture, motivating

     employees and consolidating operations; and
       
   * Adding new advanced technologies to our product offering,
     positioning Quest as a high-tech company with unique
     solutions, generating higher margins and stronger market
     position.

"Our business segment is exciting and includes potential
integration of Artificial Intelligence Systems to revolutionize the
supply chain and logistics management tasks.  We are currently
working on adding new technologies that will differentiate Quest
from its competitors providing unique advanced solutions,
increasing our margins and accelerating our growth."

Mr. Lustgarten concluded: "We have made significant progress, and
while there's still a lot of work to be done, with the completion
of a major part of our turnaround initiatives, Quest is better
positioned today to capitalize on the opportunities we're seeing in
our evolving and growing target markets.  We continue to provide
solutions for the supply chain needs of our blue chip customer base
of Fortune 100 companies and look forward to broadening our
customer reach.  Our new management team continues to focus on the
development of new and enhanced solutions, with a particular focus
on offering higher margin software solutions and services.
Additionally, we remain dedicated to creating a successful and
profitable leading company in the evolving markets in which we
operate."

                     About Quest Solution

Quest Solution, formerly known as Amerigo Energy, Inc., is a
Specialty Systems Integrator focused on Field and Supply Chain
Mobility.  The Company is also a manufacturer and distributor of
consumables (labels, tags, and ribbons), RFID solutions, and
barcoding printers.  Founded in 1994, Quest is headquartered in
Eugene, Oregon, with offices in the United States.

Prior to 2008, the Company was involved in various unrelated
business activities.  From 2008-2014 the Company was involved in
multiple businesses inclusive of an oil and gas investment company.
Due to changes in market conditions, management determined to look
for acquisitions which were positive cash flow and would provide
immediate shareholder value.  In January 2014, the first such
acquisition was completed of Quest Marketing Inc. (dba Quest
Solution, Inc.).

The Company has acquired a significant working capital deficit and
issued a substantial amount of subordinated debt in connection with
its acquisitions.  As of Sept. 30, 2017, the Company had a working
capital deficit of $14,811,674 and an accumulated deficit of
$34,758,766.  

The Company's independent accounting firm RBSM, LLP, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016.  The auditors said the
Company has a working capital deficiency and significant
subordinated debt resulting from acquisitions.  These factors
raise substantial doubt about the Company's ability to continue as
a going concern.

Quest Solution incurred a net loss attributable to common
stockholders of $14.21 million for the year ended Dec. 31, 2016,
following a net loss attributable to common stockholders of $1.71
million for the year ended Dec. 31, 2015.  As of Sept. 30, 2017,
Quest Solution had $28.77 million in total assets, $44.84 million
in total liabilities and a total stockholders' deficit of $16.06
million.


QUEST SOLUTION: Reserves 10 Million Shares for Incentives
---------------------------------------------------------
Quest Solution, Inc., adopted an equity incentive plan as an
incentive to retain in the employ of and as directors, officers,
consultants, advisors and employees to the Company.  Ten million
shares of the Corporation's common stock, par value $0.001 was set
aside and reserved for issuance pursuant to the Plan.

On March 8, 2018 and pursuant to the Plan, the Company granted a
grand total of 1,700,000 Shares, as well as options to purchase up
to 7,000,000 Shares with an exercise price equal to the closing
price of the Company's common stock on March 7, 2018, $0.12 per
share.  A total of 1,000,000 Shares and 3,200,000 Options were
issued to the Company's Board of Directors as follows:

   * Shai Lustgarten (Chairman of the Board) received 1,000,000
     Shares and 2,000,000 Options;

   * Andrew J. Macmillan received 400,000 Options;

   * Yaron Shalem received 400,000 Options; and

   * Niv Nissenson received 400,000 Options.

On March 8, 2018 and pursuant to the Plan, the Company granted
500,000 Shares to its Chief Financial Officer Benjamin Kemper.

On March 8, 2018, the Company issued 500,000 shares of the
Company's common stock, par value $0.001, and 1,000,000 options to
purchase shares of the Company's common stock, par value $0.001,
with an exercise price equal to the closing price of the Company's
common stock on Wednesday, March 7, 2018, to Mr. Carlos J
Nissensohn, who is the father of Niv Nissensohn, a director of the
Company, pursuant to a consulting agreement dated Aug. 2, 2017.

                      About Quest Solution

Quest Solution, formerly known as Amerigo Energy, Inc., is a
Specialty Systems Integrator focused on Field and Supply Chain
Mobility.  The Company is also a manufacturer and distributor of
consumables (labels, tags, and ribbons), RFID solutions, and
barcoding printers.  Founded in 1994, Quest is headquartered in
Eugene, Oregon, with offices in the United States.

Prior to 2008, the Company was involved in various unrelated
business activities.  From 2008-2014 the Company was involved in
multiple businesses inclusive of an oil and gas investment company.
Due to changes in market conditions, management determined to look
for acquisitions which were positive cash flow and would provide
immediate shareholder value.  In January 2014, the first such
acquisition was completed of Quest Marketing Inc. (dba Quest
Solution, Inc.).

The Company has acquired a significant working capital deficit and
issued a substantial amount of subordinated debt in connection with
its acquisitions.  As of Sept. 30, 2017, the Company had a working
capital deficit of $14,811,674 and an accumulated deficit of
$34,758,766.  

The Company's independent accounting firm RBSM, LLP, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016.  The auditors said the
Company has a working capital deficiency and significant
subordinated debt resulting from acquisitions.  These factors
raise substantial doubt about the Company's ability to continue as
a going concern.

Quest Solution incurred a net loss attributable to common
stockholders of $14.21 million for the year ended Dec. 31, 2016,
following a net loss attributable to common stockholders of $1.71
million for the year ended Dec. 31, 2015.  As of Sept. 30, 2017,
Quest Solution had $28.77 million in total assets, $44.84 million
in total liabilities and a total stockholders' deficit of $16.06
million.


RAFAEL RUBIO: $5M Sale of Ensenada Property to Blue Water Approved
------------------------------------------------------------------
Judge Christopher B. Latham of the U.S. Bankruptcy Court for the
Southern District of California authorized Rafael R. Rubio's sale
of the real property described as Lot #11 Street San
Felipe-Puertecitos, 24 km Colonia Gutierrez Polanco, Ensenada, Baja
California, Mexico, to Blue Water Resort S de RL de CV for
$4,980,000.

A hearing on the Motion was held on March 5, 2018 at 2:30 p.m.

The sale of the Mexican Property will be, free and clear of liens,
"as is, where is" condition, without representations or warranties,
and transferred pursuant to the terms of the contract and Mexican
Law.  It will be subject to all easements, recorded restrictions
and covenants running with the land.

The Debtor is authorized to pay all customary real estate
commissions (as previously approved by the Court) and customary
costs of sale through escrow necessary and proper to conclude the
sale.

The proceeds from the sale will be wired into Thomas S. Engel,
Esq.'s Attorney Client Trust Fund Account at Bank of America, or a
designated escrow account in the United States, to be held for
disbursement to Creditors of the Estate, Administrative Fees and
Costs, and the Debtor.

Rafael R. Rubio sought Chapter 11 protection (Bankr. S.D. Cal. Case
No. 17-02621) on April 30, 2017.  Thomas S. Engel, Esq., serves as
counsel to the Debtor.


RCR INTERNATIONAL: Canadian Sale Order for All Assets Recognized
----------------------------------------------------------------
Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware has entered an order recognizing and
enforcing in the United States the approval and vesting order
issued by the Superior Court of Quebec, Commercial Division, in and
for the Judicial District of Montreal, for the sale of
substantially all of the assets of RCR International, Inc., in its
capacity as the authorized Foreign Representative, and W.J. Dennis
& Co., to Loxcreen Canada Ltd., doing business as M-D Canada, a
subsidiary of M-D Building Products, Inc.

The Sale pursuant to the terms of the Purchase Agreement and the
transfers and assignments of the Purchased Assets located within
the United States on the terms set forth in the Purchase Agreement
and the Canadian Sale Order are approved and authorized pursuant to
sections 105, 363, 365, 1501, 1514, 1520 and 1521 of the Bankruptcy
Code.

The sale of the Purchased Assets to the Purchaser is free and clear
of any and all security interests.

Pursuant to section l52l(b) of the Bankruptcy Code and the Canadian
Sale Order, the distribution of the proceeds of the Sale is
entrusted to the Monitor.

Notwithstanding any provision in the Bankruptcy Rules to the
contrary: (i) the terms of the this Order will be immediately
effective and enforceable upon its entry; (ii) the Debtor, the
Purchaser, the Monitor and the Foreign Representative are not
subject to any stay in the implementation, enforcement or
realization of the relief granted in the Order; and (iii) the
Debtors, the Purchaser, the Monitor and the Foreign Representative
may, in their discretion and without further delay, take any action
and perform any act authorized under the Canadian Sale Order or the
Order.

The 14-day stay provided for in Bankruptcy Rules 6004(h) and
6006(d) will be, and is, waived in connection with the Order.

                       About RCR International

Headquartered in Montreal, Canada, RCR International --
http://www.rcrint.com/-- is a consumer-based manufacturer of more
than 3000 products including weatherstripping, insulation
components, floor protection products and squeegees.

In 1996, Wilmington, DE-based WJ Dennis & Co. was purchased by RCR
International.  WJ Dennis is a manufacturer of complete lines of
products for professionals and do-it-yourselfers.  WJ Dennis sells
its products through two-step distribution, mass merchants and
hardware coops.  Its offices are maintained in Elgin, Illinois.
The company supplies its products to major retailers in the United
States including Menards, Aubuchon Hardware, Mills Fleet Farm, Farm
King, Hardware Hank, Trust Worthy Hardware Stores, ACE, Doit Best,
Marvin's, Sutherlands, Friedman's Home Improvement, Jerry's Home
Improvement Center, Busy Beaver and North40 Outfitters.  

RCR International, LLC (Bankr. D. Del. Case No. 18-10112) and W.J.
Dennis & Co. (Bankr. D. Del. Case No. 18-10115) filed their
voluntary petitions for relief under Chapter 15 of the Bankruptcy
Code on Jan. 18, 2018.  

The petition was signed by Mario Petraglia, President and CEO.

The Debtor tapped Derek C. Abbott, Esq., and Matthew B. Harvey,
Esq., at Morris, Nichols, Arsht & Tunnell LLP; and Rebecca L.
Kennedy, Esq., and Mitchell W. Grossell, Esq., at Thornton Grout
Finnigan LLP as counsel.


RESOLUTE ENERGY: Lowers Net Loss to $7.7 Million in 2017
--------------------------------------------------------
Resolute Energy Corporation filed with the Securities and Exchange
Commission its annual report on Form 10-K reporting a net loss
available to common shareholders of $7.70 million on $303.47
million of total revenue for the year ended Dec. 31, 2017, compared
to a net loss available to common shareholders of $161.72 million
on $164.47 million of total revenue for the year ended Dec. 31,
2016.

The 2017 loss included $5.7 million of commodity derivative losses.
The 2016 loss included commodity derivative losses of $19.8
million and a non-cash impairment charge of $58 million.  Resolute
recorded adjusted net income for 2017 of $14.0 million, or $0.61
per diluted share.  This compares to an adjusted net loss for the
comparable prior period of $48.8 million, or $3.09 per diluted
share.

Rick Betz, Resolute's chief executive officer, said: "Following a
year of significant accomplishments and transformation, today
Resolute Energy is a more focused and efficient company.  We
increased production in 2017 by 77 percent and believe that our
best-in-class assets in the Delaware Basin position Resolute to
rapidly accelerate growth and value creation.  We are executing on
a clear plan and remain confident that our new drilling strategy
will significantly improve well performance, reduce costs and
increase year-over-year production by more than 50 percent.  We
look forward to delivering strong returns to shareholders in 2018
and beyond."

As of Dec. 31, 2017, Resolute Energy had $641.92 million in total
assets, $716.33 million in total liabilities and a total
stockholders' deficit of $74.40 million.

Resolute's general and administrative expense increased over 100
percent to $19.1 million during the fourth quarter of 2017, as
compared to $9.0 million during the same period in 2016.  The $10.1
million increase resulted primarily from one-time fees of
approximately $6.5 million that were incurred in connection with
the closing of the Aneth Field sale, as well as increases in
share-based compensation due to a shift from granting principally
cash-based incentive awards to equity-based long-term incentive
awards.  Cash-based general and administrative expense for the
fourth quarter of 2017 was $9.3 million, or $3.68 per Boe, compared
to $7.8 million, or $4.33 per Boe, in the comparable 2016 period.
Share-based compensation expense, a non-cash item, represented $3.2
million for the fourth quarter of 2017 and $1.2 million for the
fourth quarter of 2016.  

During 2017, general and administrative expense increased to $48.5
million as compared to $32.6 million during 2016.  The $15.9
million, or 49 percent, increase primarily resulted from the
reasons noted above, as well as restoration of short-term incentive
compensation awards, which had been reduced during 2016 in response
to lower commodity prices.  Cash-based general and administrative
expense for 2017 was $29.9 million or $3.27 per Boe, compared to
$26.6 million, or $5.13 per Boe in the comparable 2016 period.
Share-based compensation expense represented $12.1 million for 2017
and $6.0 million for 2016.  

Cash-settled incentive award expense decreased to $7.2 million
during the fourth quarter of 2017 as compared to $16.7 million in
the fourth quarter of 2016.  This decrease was the result of the
achievement of multiple performance targets, which primarily
occurred in 2016, that are based on the Company’s stock price
under the performance-based restricted cash awards as well as a
decrease in expense related to the fair value of the cash-settled
stock appreciation rights under the long-term incentive program.
Actual cash payments during the quarter were $0.1 million.

For 2017, cash-settled incentive award expense decreased to $16.2
million as compared to $34.9 million for 2016.  Actual cash
payments during the 2017 period were $12.0 million.

During the quarter ended Dec. 31, 2017, Resolute incurred oil and
gas related capital expenditures of approximately $52.9 million,
after earnout payments of $6.1 million received from Caprock
Midstream and excluding capitalized interest of $5.0 million.
During 2017, Resolute incurred oil and gas related capital
expenditures of approximately $276.7 million, after earnout
payments of $25.6 million received from Caprock Midstream and
excluding the Delaware Basin Bronco Acquisition of $161.3 million
and capitalized interest of $15.8 million.  These capital
investments were primarily for drilling and completion projects in
the Delaware Basin.

Outstanding indebtedness of $555 million at Dec. 31, 2017,
consisted of $30 million in revolving credit facility debt and $525
million of senior notes, compared to total indebtedness of $538.3
million at Dec. 31, 2016, an increase of $16.7 million.  In January
2017, the Company repaid all amounts outstanding on the prior
Secured Term Loan Facility.  In May 2017, Resolute issued an
additional $125 million aggregate principal amount of the Company's
8.50% senior notes due 2020, under the same indenture as the $400
million senior notes that were previously issued.  In October 2017,
the Company entered into the Second Amendment to the Third Amended
and Restated Credit Agreement.  This amendment reaffirmed its
borrowing base under the Credit Agreement at $218.8 million.  As a
result of the disposition of the Aneth Field assets, the Company's
borrowing base was reduced to $210 million.

                     Financial Highlights

Fourth quarter 2017 Adjusted EBITDA of $58.6 million was 36 percent
higher than 3Q 2017 reflecting better price realizations and lower
costs.  Oil and gas revenue net of production taxes was up 12
percent, primarily on higher product realizations, offset somewhat
by lower volumes reflecting the Aneth Field sale and lower hedge
realizations.  Lease operating expense was down 36 percent compared
to 3Q 2017, primarily reflecting the sale of the higher cost Aneth
Field assets.

Full year Adjusted EBITDA was $172.8 million, up 23 percent
compared to 2016.  The prior year benefited from an incremental
$84.3 million contribution from realized derivative gains above
those realized in 2017.

Through the course of 2017, and particularly following the sale of
the Aneth assets, Resolute continued to significantly improve its
cost structure.  Full year 2017 LOE was $8.66 per Boe, down 30
percent from 2016 and cash-based general and administrative expense
(a non-GAAP measure reconciled below to GAAP-based G&A) per Boe,
excluding one-time costs associated with the Aneth Field
transaction, was down 36 percent to $3.27.  For the fourth quarter
of 2017, LOE per Boe declined 36 percent from the prior quarter to
$6.29. Cash-based G&A increased marginally in the fourth quarter to
$3.68 per Boe reflecting certain year-end expenses.

Capital investment for the fourth quarter was $59.0 million,
excluding acquisitions, divestitures and capitalized interest, of
which approximately 69 percent was funded through internally
generated cash flow (including the earnout payments described
below).  Fourth quarter capital investment included $44.4 million
of drilling and completion expenditures and $10.7 million spent on
facilities and infrastructure.  

Full year 2017 capital investment, excluding acquisitions,
divestitures and capitalized interest was $302.3 million.  Permian
investment accounted for 91 percent of this total and included
$220.8 million for drilling and completion capital and $54.1
million spent on facilities and infrastructure.

In 2017 the Company realized $25.6 million in earnout payments from
Caprock Midstream.  During 2018 and 2019 Resolute has the potential
to earn up to an additional $39.8 million in earnout payments.
While not accounted for as reductions in capital expenditures, the
Company considers these as offsets to its total capital
investment.

At Dec. 31, 2017, the Company had $30 million outstanding under its
revolving credit facility.  This facility currently has a $210
million borrowing base.  At year-end 2017, debt-to-Adjusted EBITDA
was 3.21x.  Resolute expects to exit 2018 with a debt-to-Adjusted
EBITDA ratio of between 2.80x and 2.95x, with further declines
anticipated over a five-year outlook when using free cash flow to
pay down debt.

Leverage and liquidity may be further enhanced by the positive
impact from up to $10 million of contingency payments from the
Aneth Field purchaser, payable in the fourth quarter of 2018, all
of which has been or would be earned at today's strip product
prices, and potential proceeds from a midstream transaction
involving the Company's Bronco properties, which is currently being
explored.

       Fourth Quarter and Annual Comparative Results

Resolute recorded a net loss available to common shareholders of
$3.9 million, or $0.18 per share, on revenue of $89.3 million
during the three months ended Dec. 31, 2017.  Included in the net
loss was $10.2 million of commodity derivative losses.  This
compares to a net loss available to common shareholders of $20.6
million, or $1.23 per share, on revenue of $62.7 million during the
three months ended Dec. 31, 2016.  The 2016 loss included commodity
derivative losses of $8.0 million.  Resolute recorded adjusted net
income (net income excluding non-cash derivative mark-to-market
gain (loss) and non-cash stock-based compensation expense), a
non-GAAP measure, of $9.6 million, or $0.42 per diluted share, for
the quarter.  This compares to an adjusted net income for the
comparable prior period of $5.7 million, or $0.27 per diluted
share.

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

                     https://is.gd/pyTZDl

                    About Resolute Energy

Based in Denver, Colorado, Resolute Energy Corp. (NYSE:REN) --
http://www.resoluteenergy.com/-- is an independent oil and gas
company focused on the acquisition and development of
unconventional oil and gas properties in the Delaware Basin portion
of the Permian Basin of west Texas.


RESOLUTE ENERGY: Monarch Energy Nominates Three Directors to Board
------------------------------------------------------------------
Monarch Energy Holdings LLC, together with the other participants,
the beneficial owners of approximately 9.75% of the outstanding
shares of Resolute Energy Corporation, filed a preliminary proxy
statement and accompanying proxy card with the Securities and
Exchange Commission for the election of its slate of director
nominees at Resolute's 2018 annual meeting of stockholders.

On Jan. 26, 2018, Monarch sent a letter to Resolute's board of
directors and management outlining a series of steps necessary to
maximize value for all stockholders.  These proposed steps included
increasing stockholder representation on the Board, forming a
committee of the Board to explore strategic transactions to
maximize value, and engaging a reputable financial advisor to
assist in that endeavor.  Since then, according to media reports,
other stockholders have expressed their concerns with the current
strategic approach of the Resolute Board and management.

On Feb. 7, 2018, representatives of the Company and Monarch met to
discuss Monarch's proposed changes to the Board.  Since then, other
than contacting Monarch to schedule interviews of its director
nominees in the ordinary course of preparing for the 2018 annual
meeting of stockholders, Monarch said the Company has not initiated
contact or made any attempt at furthering a constructive dialogue
with Monarch to resolve its proposals without a proxy fight.  

"While Monarch remains open to engaging in further discussions
toward a consensual agreement, Resolute's failure to communicate
with Monarch over the last month with respect to our proposed steps
suggests that it has embarked on an ill-advised scorched-earth
policy that is not in the best interests of the Company's
stockholders and reflects an entrenched Board.  We believe the
Company may have no genuine interest in pursuing the meaningful
changes necessary to maximize stockholder value," Monarch stated in
a press statement.

To ensure that the interests of stockholders are voiced and heard
in the boardroom, Monarch has nominated the following slate of
three highly qualified director candidates:

Patrick Bartels is a managing principal with MAC and a proposed
nominee to the board.  Mr. Bartels has served on numerous public
and private boards and has over 20 years of investment experience,
including across complex situations in North America and Europe.
Prior to joining Monarch in 2002, Mr. Bartels was a high-yield
investments analyst at Invesco.  He began his career at
PricewaterhouseCoopers LLP.  Mr. Bartels currently serves on the
board of directors of Arch Coal, Inc., where he is a member of the
Nominating and Corporate Governance and Personnel and Compensation
Committees. Previously, Mr. Bartels served on the board of
directors of WCI Communities Inc. (2009-2017).  As a fiduciary for
stockholders, Mr. Bartels has a demonstrated record of value-added
returns through capital markets transactions and M&A processes. Mr.
Bartels holds the Chartered Financial Analyst designation and a
bachelor's degree in accounting, with a concentration in finance,
from Bucknell University.

Joseph Citarrella is a managing principal with MAC and a proposed
nominee to the Board.  Mr. Citarrella would bring extensive
relevant sector and financial expertise to this role.  In addition
to his investment responsibilities at Monarch, Mr. Citarrella has
served since August 2017 as non-executive Chairman of the Board of
Vanguard Natural Resources, Inc., a Houston-based independent oil
and gas company with operations across Wyoming, Colorado, Texas,
Louisiana, and Oklahoma.  Mr. Citarrella also serves as a member of
Vanguard's Strategic Opportunities Committee, which is responsible
for overseeing an ongoing strategic review of Vanguard's asset base
and development plans, as well as Vanguard's Compensation
Committee, Nominating and Corporate Governance Committee and
Health, Environmental and Safety Committee.  In this capacity, Mr.
Citarrella has worked closely with management, the Board, and
financial advisor Jefferies LLC to evaluate potential strategic
transactions and pursue targeted objectives to maximize stockholder
value.  Prior to joining Monarch in May 2012, Mr. Citarrella was an
Associate at Goldman Sachs in the Global Investment Research group,
covering the integrated oil, exploration and production, and
refining sectors.  Mr. Citarrella received a B.A. in Economics from
Yale University.

Samuel Langford serves as principal of Langford Upstream Advisory,
L.L.C., a position he has held since 2013.  Mr. Langford has also
acted as consulting advisor to Silverpoint Capital since 2015.
Prior to Langford Upstream Advisory, L.L.C., Mr. Langford was
employed by Newfield Exploration Co. where he served in various
positions, including as Senior Corporate Advisor (2011–2012),
General Manager, Mid-Continent Business Unit (2011), Vice
President, Corporate Development (2009-2011) and Manager,
Acquisitions, Planning and Commercial Development, Mid-Continent
(2004-2009).  Mr. Langford has also worked with Cockrell Oil
Corporation, British Gas Exploration America, Tenneco Oil Company
and Exxon USA in various technical and managerial positions.  Mr.
Langford currently serves on the boards of directors of Chaparral
Energy, Inc., where he is a member of the Audit and Compensation
Committees, and of Basic Energy Services, Inc., where he is a
member of the Nominating and Corporate Governance Committee.  He
received his Bachelor of Science degree in Mechanical Engineering
from Auburn University.

Stockholders are encouraged to read the preliminary proxy statement
for more information.  A copy of the Preliminary Proxy Statement is
available on the SEC website (http://www.sec.gov)where reports,
proxy and information statements and other information regarding
issuers and others that file electronically with the SEC may be
obtained free of charge.

In a Schedule 13D/A filed with the SEC, Monarch Alternative Capital
LP, MDRA GP LP and Monarch GP LLC disclosed that as of March 12,
2018, they beneficially own 2,193,400 shares of common stock of
Resolute Energy Corporation, constituting 9.75% of the shares
outstanding.

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

                     https://is.gd/kcEZ9d

                     About Resolute Energy

Based in Denver, Colorado, Resolute Energy Corp. (NYSE:REN) --
http://www.resoluteenergy.com/-- is an independent oil and gas
company focused on the acquisition and development of
unconventional oil and gas properties in the Delaware Basin portion
of the Permian Basin of west Texas.

Resolute incurred a net loss available to common shareholders of
$7.70 million in 2017 following a net loss available to common
shareholders of $161.72 million in 2016.  As of Dec. 31, 2017,
Resolute Energy had $641.92 million in total assets, $716.33
million in total liabilities and a total stockholders' deficit of
$74.40 million.


ROCKY MOUNTAIN: Amends 250M Shares Resale Prospectus with SEC
-------------------------------------------------------------
Rocky Mountain High Brands, Inc., filed with the Securities and
Exchange Commission amendments to its Form S-1 registration
statement, the latest of which is amendment no.4, relating to the
resale of up to 250,000,000 shares of its common stock to be
offered by the selling stockholder, GHS Investments, LLC.  These
250,000,000 shares of common stock consist of up to 250,000,000
shares of common stock issuable to GHS under the terms of an Equity
Financing Agreement dated Oct. 12, 2017.
  
The Company will not receive any of the proceeds from the sale of
common stock by the selling stockholders.

GHS is an underwriter within the meaning of the Securities Act of
1933, and any broker-dealers or agents that are involved in selling
the shares may be deemed to be "underwriters" within the meaning of
the Securities Act of 1933 in connection with such sales.  In such
event, any commissions received by such broker-dealers or agents
and any profit on the resale of the shares purchased by them may be
deemed to be underwriting commissions or discounts under the
Securities Act of 1933.  Rocky Mountain will bear all costs,
expenses and fees in connection with the registration of the common
stock.  The selling stockholder will bear all commissions and
discounts, if any, attributable to its sales of the Company's
common stock.

The Company's common stock is quoted on the OTCQB tier of the
electronic over-the-counter marketplace operated by OTC Markets
Group, Inc.  On Feb. 2, 2018, the last reported sales price for its
common stock was $0.0158 per share.

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

                       https://is.gd/Cj9mqU

                       About Rocky Mountain

Dallas, Texas-based Rocky Mountain High Brands, Inc. (OTCMKTS:RMHB)
is a consumer goods brand development company specializing in
developing, manufacturing, marketing, and distributing hemp-infused
food and beverage products and spring water.  The Company currently
markets a lineup of five hemp-infused beverages.  RMHB is also
researching the development of a lineup of products containing
Cannabidiol (CBD).  The Company's intention is to be on the cutting
edge of the use of CBD in consumer products while complying with
all state and federal laws and regulations.

Rocky Mountain reported a net loss of $9.27 million for the year
ended June 30, 2017, following net income of $2.32 million for the
year ended June 30, 2016.  As of Sept. 30, 2017, Rocky Mountain had
$1.04 million in total assets, $7.49 million in total liabilities,
all current, and a total shareholders' deficit of $6.44 million.

Paritz & Company, P.A., in Hackensack, New Jersey, issued a "going
concern" qualification in its report on the consolidated financial
statements for the year ended June 30, 2017, noting that the
Company has a shareholders' deficit of $7.30 million, an
accumulated deficit of $26.15 million at June 30, 2017, and has
generated operating losses since inception.  These factors, among
others, raise substantial doubt about the ability of the Company to
continue as a going concern.


ROGER STADTMUELLER: Using Up to $15K to Repair Property for Sale
----------------------------------------------------------------
Roger Andrew Stadtmueller asks the U.S. Bankruptcy Court for the
Eastern District of Washington to authorize him to use up to
$15,000 in estate assets outside the ordinary course of business to
improve the real property for sale located on Strong Road, Spokane,
Washington.

As part of the process to sell the real property located on Strong
Road, the Debtor's real estate agent believes it necessary to make
certain minor repairs to the real property so that it can be sold
for maximum value and in an expedited way.  The realtor believes
there is approximately $10,000 to $15,000 of repairs needed.  The
Debtor and his realtor have identified repairs that are only
absolutely necessary and recommended so that it can go onto the
market in early April.  

The Debtor respectfully asks that the Court enters an order
allowing the Debtor to use up to $15,000 in estate assets to
improve the property for sale.

Due to the fact that the Debtor must begin repairs as soon as
possible so that the house can get on the market by early April
2018, the Debtor further asks the Court for an accelerated response
period of eight days, plus three days for mailing, under LR
9013-1.

Counsel for the Debtor:

          Timothy R. Fischer, Esq.
          WINSTON & CASHATT, LAWYERS
          601 W. Riverside Avenue, Suite 1900
          Spokane, WA 99201
          Telephone: (509) 838-6131
          Facsimile: (509) 838-1416
          E-mail: trf@winston&cashatt.com

Roger Andrew Stadtmueller sought Chapter 11 protection (Bankr. E.D.
Wash. Case No. 17-03545) on Dec. 8, 2017.  The Debtor tapped
Timothy R. Fischer, Esq., at Winston & Cashatt, as counsel.


ROSETTA GENOMICS: Sabby Healthcare Owns 247,113 Ordinary Shares
---------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, these entities disclosed beneficial ownership of
ordinary shares of Rosetta Genomics as of March 1, 2018:

                                      Shares      Percentage
                                    Beneficially      of
  Reporting Persons                    Owned        Shares
  -----------------                 ------------  ----------
  Sabby Healthcare Master
  Fund, Ltd.                           247,113       4.17%

  Sabby Volatility Warrant
  Master Fund, Ltd.                    104,259       1.76%

  Sabby Management, LLC                351,372       5.93%

  Hal Mintz                            351,372       5.93%

Sabby Management, LLC and Hal Mintz do not directly own any
Ordinary Shares, but each indirectly owns 351,372 Ordinary Shares.
Sabby Management, LLC, a Delaware limited liability company,
indirectly owns 351,372 Ordinary Shares because it serves as the
investment manager of Sabby Healthcare Master Fund, Ltd. and Sabby
Volatility Warrant Master Fund, Ltd., Cayman Islands companies. Mr.
Mintz indirectly owns 351,372 Ordinary Shares in his capacity as
manager of Sabby Management, LLC.

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

                     https://is.gd/5dCnsL

                    About Rosetta Genomics

Based in Rehovot, Israel, Rosetta Genomics Ltd. --
http://www.rosettagx.com/-- is seeking to develop and
commercialize new diagnostic tests based on a recently discovered
group of genes known as microRNAs.  MicroRNAs are naturally
expressed, or produced, using instructions encoded in DNA and are
believed to play an important role in normal function and in
various pathologies.  The Company has established a CLIA-certified
laboratory in Philadelphia, which enables the Company to develop,
validate and commercialize its own diagnostic tests applying its
microRNA technology.

Rosetta Genomics reported a net loss of US$16.23 million on US$9.23
million of total revenues for the year ended Dec. 31, 2016,
compared to a net loss of US$17.34 million on US$8.26 million of
total revenues for the year ended Dec. 31, 2015.  

As of June 30, 2017, Rosetta had US$6.20 million in total assets,
US$5.11 million in total liabilities and US$1.09 million in total
shareholders' equity.

Kost Forer Gabby & Kasierer, a member of Ernst & Young Global, in
Tel-Aviv, Israel, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016,
citing that the Company has recurring losses from operations and
has limited liquidity resources that raise substantial doubt about
its ability to continue as a going concern.


ROSETTA GENOMICS: Warns of Bankruptcy if Genoptix Merger Fails
--------------------------------------------------------------
Rosetta Genomics Ltd. stated in a notice to shareholders that it
may be required to file for bankruptcy protection it fails to
obtain the required shareholder approval of its merger with
Genoptix, Inc.

The previously announced meeting date of April 6, 2018, for its
extraordinary general meeting of shareholders has been cancelled
and rescheduled for April 17, 2018.  The meeting will be held at
25901 Commercentre Dr., Lake Forest, CA 92630, on April 17, 2018 at
10:00 am (PT).

At the Extraordinary Meeting, shareholders will be asked to
consider and vote on the adoption and approval, pursuant to Section
320 of the Companies Law 5759-1999 of the State of Israel, of the
merger of Stone Marger Sub Ltd. ("Merger Sub"), a company
incorporated under the laws of the State of Israel and a wholly
owned subsidiary of Genoptix, Inc., a Delaware corporation
("Genoptix"), with and into the Company, including the adoption and
approval of: (i) the Agreement and Plan of Merger, dated as of Feb.
27, 2018, by and among Genoptix, Merger Sub, and the Company; (ii)
the merger of Merger Sub with and into the Company on the terms and
subject to the conditions set forth in the Merger Agreement and in
accordance with Sections 314 through 327 of the Companies Law,
following which the separate corporate  existence of Merger Sub
will cease and the Company will become a private wholly-owned
direct subsidiary of Genoptix; (iii) the consideration to be
received by the shareholders of the Company in the Merger,
preliminarily estimated to be $0.40 to $0.45 in cash, without
interest and less any applicable withholding taxes, for each
ordinary share of the Company, nominal (par) value NIS 7.2 per
share, held immediately prior to the effective time of the Merger,
with the exact price per ordinary share dependent on the final
amounts of deductions and adjustments detailed in the Merger
Agreement that have not yet been fixed, and the extent to which
outstanding warrants are exercised and convertible debentures are
converted prior to the effective time of the Merger; and (iv) all
other transactions and arrangements contemplated by the Merger
Agreement, including, without limitation, the purchase by the
Company of a prepaid "tail" directors' and officers' liability
insurance policy for a period of seven years following the
effective time of the Merger.

The approval of the proposal requires the affirmative vote of the
holders of at least a majority of the voting power of the Company,
in person or by proxy, such majority not to include votes by
shareholders that are Merger Sub, Genoptix or any person or entity
holding at least 25% of the means of control of either Merger Sub
or Genoptix, or any person or entity acting on their behalf,
including any family member of, or entity controlled by, any of the
foregoing.

Only shareholders of record at the close of trading on March 20,
2018, will be entitled to notice of, and to vote at, the
Extraordinary Meeting.  All shareholders are cordially invited to
attend the Extraordinary Meeting in person.  Two or more
shareholders present, in person or by proxy and holding shares
conferring in the aggregate more than 25% of the voting power of
the Company will constitute a quorum for the Extraordinary Meeting.
Pursuant to the terms of the Merger Agreement, the Extraordinary
Meeting will be held no later than April 17, 2018, and cannot be
adjourned or postponed for any reason, including if the quorum
requirements have not been met.

"...[I]f the quorum requirements are not met and the Merger
Agreement is not adopted by the Company's shareholders and the
Merger Agreement is terminated or if the Merger is not consummated
for any other reason, the Company's shareholders will not receive
any payment for their shares in connection with the Merger.  
Rather, because of the Company's financial condition and continued
operating losses, which, among other reasons, has led the Board to
recommend the Merger Agreement, we anticipate that we may be
required to seek protection from our creditors or an involuntary
petition for bankruptcy may be filed against us in light of our
financial condition."

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

                      https://is.gd/6DDAGC  

                      About Rosetta Genomics

Based in Rehovot, Israel, Rosetta Genomics Ltd. --
http://www.rosettagx.com/-- is seeking to develop and
commercialize new diagnostic tests based on a recently discovered
group of genes known as microRNAs.   MicroRNAs are naturally
expressed, or produced, using instructions encoded in DNA and are
believed to play an important role in normal function and in
various pathologies.  The Company has established a CLIA-certified
laboratory in Philadelphia, which enables the Company to develop,
validate and commercialize its own diagnostic tests applying its
microRNA technology.

Rosetta Genomics reported a net loss of US$16.23 million on US$9.23
million of total revenues for the year ended Dec. 31, 2016,
compared to a net loss of US$17.34 million on US$8.26 million of
total revenues for the year ended Dec. 31, 2015.  

As of June 30, 2017, Rosetta had US$6.20 million in total assets,
US$5.11 million in total liabilities and US$1.09 million in total
shareholders' equity.

Kost Forer Gabby & Kasierer, a member of Ernst & Young Global, in
Tel-Aviv, Israel, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016,
citing that the Company has recurring losses from operations and
has limited liquidity resources that raise substantial doubt about
its ability to continue as a going concern.


RR DONNELLEY: Egan-Jones Lowers FC Senior Unsecured Rating to B
---------------------------------------------------------------
Egan-Jones Ratings Company, on March 5, 2018, downgraded the
foreign currency senior unsecured rating on debt issued by RR
Donnelley & Sons Co. to B from B+. EJR also lowered the foreign
currency rating on commercial paper issued by the Company to B from
A3.

Based in Chicago, Illinois, RR Donnelley & Sons Co. is a Fortune
500 integrated communications company that provides marketing and
business communications, commercial printing, and related services.


RUSSELL INVESTMENTS: S&P Alters Outlook to Stable on Low Leverage
-----------------------------------------------------------------
S&P Global Ratings said it revised its outlook on Russell
Investments Cayman Midco Ltd. to stable from negative and affirmed
the 'BB' issuer credit rating. At the same time, S&P affirmed the
'BB' issue rating on the company's first-lien credit facility, and
the recovery rating remains '3', indicating its expectation for
meaningful (50%) recovery in the event of default.

The outlook revision reflects the company's decrease in leverage
during 2017, mainly because of the increase in EBITDA. Despite the
issuance of a $200 million add-on to its term loan during the first
quarter of 2017, Russell managed to lower leverage to around 4.4x,
compared with approximately 5x a year before. Cash flow generation
was boosted by the significant decrease in operating expenses and,
to a lesser extent, revenue growth, which benefited from growing
assets under management (AUM) as a result of market appreciation.
On the other hand, part of the increase in debt outstanding derived
from the add-on was offset by the repayment of the first
installment ($37.5 million) to the London Stock Exchange (LSE)
related to the acquisition of Russell by TA Associates and
Reverence Capital Partners in 2016. Interest coverage metrics in
2017 were above 3x, and, while interest expense increased as a
result of rising debt, the company offset part of that surge with a
debt repricing concluded in August, which reduced the cost of debt
by 150 basis points.

S&P said, "Given that some of the cost-cutting initiatives were
made during 2017, we anticipate that cash flow generation will be
even higher during 2018 and 2019. Growing EBITDA combined with
further repayments to LSE support a further decline in leverage,
which we anticipate will be below 4x during that timeframe absent
any debt issuances. And while we do not disregard the possibility
of further debt issuances in the near term, we do not expect
Russell to go back to leverage levels close to 5x. We expect that
interest coverage metrics will remain close to 5x during the same
period."

The company's AUM continue to increase, but asset flows remain
sluggish. At the end of 2017, the company had approximately $200
billion in AUM (excluding derivative overlay assets), compared with
$175 billion at the end of 2016. The growth in AUM resulted mainly
from market performance, while outflows amounted to $5 billion in
AUM. The company's outflows were predominantly concentrated in U.S.
retail and Europe, Middle East, and Asia institutional strategies.
The outflows in 2017 follow $1.3 billion in outflows in 2016 and
$8.3 billion in 2015.

While outflows have been persistent in recent years, investment
performance has been decent. Around 85% of the company's funds have
outperformed their benchmarks on a one-year basis while
approximately 83% and 86% of the funds outperformed their
respective benchmarks on three- and five-year bases. Morningstar
ratings for the company's funds average three-star ratings.

S&P said, "We continue to view the company's portfolio as fairly
well-diversified. Around 57% of the company's AUM is in equity
strategies while the remaining is in fixed-income offerings (30%)
and alternatives (10%), and the rest is in cash. Institutional
clients represent around 69% of total AUM and benefit from the
significant presence of Russell in the outsourced chief investment
officer sector. Besides investment management (which the company
does both in-house and outsources to other managers), Russell
derives a portion of revenues through tangential services that
include investment services, plan administration, and consulting
services. Investment services include overlay solutions (close to
$100 billion in derivative overlay), interim portfolio management,
and execution services.

"While the company continues to achieve cost synergies, we view its
margins as below industry averages. Our calculated EBITDA margin in
2017 was below 20%, but we anticipate that it will increase to
approximately that threshold as the company continues to seize on
further opportunities to reduce operating expenses.

"Based on the company's sources and uses of liquidity, we view
Russell's liquidity as adequate. We anticipate that, absent any
further debt issuances, the company's main sources of liquidity are
cash on its balance sheet, funds from operations, and the $50
million revolving credit facility, while the main uses of liquidity
are dividend payments, debt repayments, and, to a lesser extent,
capital expenditures.

"The stable outlook reflects our expectation that Russell will
operate with leverage below 4.5x while organic growth remains
modest during the next 12 months.

"We could lower the rating if leverage increases to the upper half
of the 4x-5x range as a result of further debt issuances or a
decrease in cash flow generation. Alternatively, we could lower the
rating if we perceive a significant deterioration in the company's
investment performance or AUM flows.

"We do not anticipate raising the ratings during the next 12
months. However, we could consider upgrading the company if
leverage drops below 3x while investment performance and AUM flows
are strong."


S CHASE LIMITED: Seeks Interim Authority to Use Cash Collateral
---------------------------------------------------------------
S Chase Limited Partnership and its affiliated-debtors seek interim
authority from the U.S. Bankruptcy Court for the Southern District
of Texas to use cash collateral in connection with these bankruptcy
cases to preserve the value of Debtors' businesses.

Without such relief, the Debtors would suffer immediate and
irreparable harm because the Debtors would be required to cease
operations immediately, and the Debtors' ability to reorganize or
dispose of assets as ongoing concerns in Chapter 11 would be
eliminated.

S Chase Limited Partnership and W Point Limited Partnership each
entered into a loan with Rialto Mortgage Finance, LLC in the
collective original principal balance of $12,330,000, which loan
was subsequently transferred by Rialto Mortgage Finance, LLC to RSS
CGCMT2014GC23-TX SCLP, LLC and is serviced by Rialto Capital
Advisers, LLC. The SC-WP Loan is secured by liens on the assets of
SCLP and WPLP, including liens on SC Apartments and WP Apartments,
along with rents generated from the same. As of the Petition Date,
the principal balance of the SC-WP Loan was $12,155,552.

The SC-WP Loan requires monthly payments of accrued interest, along
with monthly principal payments of $68,776, with any outstanding
balance to be paid in full at maturity. Additionally, the SC-WP
Loan requires the Debtors to escrow Reserve Funds for items such as
property tax escrow, insurance, repair and replacement of capital
items.

Crosswinds Houston Limited Partnership entered into a loan with
Rialto Mortgage Finance, LLC in the original principal balance of
$7.2 million, which loan was subsequently transferred to RSS
WFRBS2014C24-TX CHLP, LLC and is serviced by Rialto Capital
Advisers, LLC. The CHLP Loan is secured by a lien on the assets of
CHLP, including a lien on the CH Apartments, along with rents
generated from the same. As of the Petition Date, the principal
balance of the CHLP Loan was $7,108,631.

The CHLP Loan requires monthly payments of accrued interest, along
with monthly principal payments of $38,827, with any outstanding
balance to be paid in full at Secured Lender is owed more than $19
million with respect to the Rialto Loans.

RSS CGCMT2014GC23-TX SCLP, LLC, RSS WFRBS2014C24-TX CHLP, LLC and
Rialto Capital Advisers, LLC are collectively referred to as
"Secured Lender".  
While the terms of an agreed order have not been finalized, the
Debtors expect that an agreed order will be reached which will
include, among others, the following:

The Debtors may each use cash collateral pursuant to approved
budgets, with a 10% variance per line item and the ability to apply
any unused budgeted funds at its discretion.

Secured Lender's prepetition liens will be adequately protected by
replacement liens to the same extent and priority as their
respective prepetition liens.

In exchange for the use of cash Collateral, as adequate protection
for the use of the cash Collateral, but only to the extent of the
actual diminution in value of the pre-petition Collateral, the
Debtors propose to grant to the Secured Lender replacement liens in
the form of security interests and liens upon the same types and
kinds of assets upon which they held a prepetition lien, subject
only to valid, perfected, and enforceable prepetition liens (if
any) which are senior as of the Petition Date, as well as an
additional lien upon the Debtors' post-petition accounts and
accounts receivables. The grant of replacement liens will only
apply to the extent that the pre-petition Collateral was encumbered
by valid and perfected liens and security interests.

The Debtors anticipate that the Secured Lender will consent to the
proposed use of cash Collateral, subject to receiving replacement
liens and perhaps other protections as provided in an agreed
order.

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

        http://bankrupt.com/misc/txsb18-31017-5.pdf

                        About S Chase LP

Each of S Chase Limited Partnership, Crosswinds Houston Limited
Partnership and W Point Limited Partnership is an apartment owner
based in Houston, Texas.

S Chase Limited Partnership, d/b/a Seton Chase Apartments;
Crosswinds Houston Limited Partnership, d/b/a Crosswinds
Apartments; and W Point Limited Partnership, d/b/a Willowbrook
Point Apartments, sought Chapter 11 protection (Bankr. S.D. Tex.
Case No. 18-31017, 18-31018, and 18-31020) on March 5, 2018.  

In the petitions signed by CFO Gordon Steele, S Chase Limited and
Crosswinds Houston estimated $10 million to $50 million in assets
and debt; and W Point Limited estimated $1 million to $10 million
in assets and liabilities at $10 million to $50 million.

The Hon. Marvin Isgur presides over the case.  

The Debtors are represented by Melissa Anne Haselden, Esq., at
Hoover Slovacek LLP.


SAM WYLY: Selling Additional Audubon Items at Auctions by DAG
-------------------------------------------------------------
Samuel Evans Wyly asks the U.S. Bankruptcy Court for the Northern
District of Texas to authorize him to: (i) sell the additional
Audubon items consigned to Dallas Auction Gallery, Ltd. ("DAG");
and (i) sell all right, title, and interest of the estate in and to
the Debtor-Owned Items at one or more auctions to be conducted by
DAG under the Consignment Agreement.

On Feb. 20, 2015, the Debtor filed his Motion to Authorize the
Auction Sale of Certain Fine Art, Antiques, and Other Estate
Property by Dallas Auction Gallery ("DAG Sale Motion") and his
Application to Employ Dallas Auction Gallery as Broker and
Auctioneer for the Debtor ("DAG Application").  The DAG Application
and the DAG Sale Motion, including the terms of the Consignment
Contract Agreement dated Feb. 19, 2015 between DAG and the Debtor
between the Debtor and DAG were approved by the Court on March 3,
2015.

Pursuant to the First Auction Order and the DAG Employment Order,
on May 20, 2015, DAG held its first auction of certain of the
Debtor's fine art, antiques, and other estate property. This
auction generated net proceeds totaling $1,143,821, exceeding DAG's
original estimates; the net sale proceeds of the auction were
deposited in the Debtor's DIP bank account with Plains Capital
Bank, as reported to the Court.

On Aug. 6, 2015, the Debtor filed his Audubon Sale Motion seeking
the Court's approval: (a) for the receipt by the Debtor of the
Audubon Property, in kind, as partial payment for application upon
the Audubon Asset Annuity Receivable; and (b) for the immediate
consignment by the Debtor of the Audubon Property to DAG for sale
by public auction in a manner that would maximize its value for the
benefit of the Debtor's estate and that would determine the amount
of credit against the Audubon Asset Annuity Receivable.  The
Audubon Sale Motion was approved by the Court on Aug. 20, 2015.

This second auction, which took place on Nov. 4, 2015, generated
net proceeds totaling $3,724,695 and again the net sale proceeds of
the auction were deposited in the Debtor's DIP bank account with
Plains Capital Bank, as reported to the Court.

On July 6, 2016, the Debtor filed his Second Audubon Sale Motion
asking the Court's approval: (a) for the receipt by the Debtor of
the Audubon Items, in kind, as partial payment for application upon
the Audubon Asset Annuity Receivable; and (b) for the immediate
consignment by the Debtor of the Audubon Items to DAG for sale by
public auction in a manner that would maximize such items' value
for the benefit of the Debtor's estate and that would determine the
amount of credit against the Audubon Asset Annuity Receivable.  The
Second Audubon Sale Motion was approved by the Court on July 15,
2016.

This third auction, which took place on Oct. 5, 2016, generated net
proceeds totaling $4,484,025 and again the net sale proceeds of the
auction were deposited in the Debtor's DIP bank account with Plains
Capital Bank, as reported to the Court.

The Debtor now asks relief from the Court for another order similar
to that granted in the First Auction Order, Second Auction Order,
and Third Auction Order.

First, the Debtor asks that certain additional property held by
Audubon Asset for the benefit of the Debtor and other beneficiaries
("Additional Audubon Items") be consigned to and sold by DAG, at
the direction of and with the express consent of the Isla of Man
Trustees, by public auction and in a manner that would maximize
these items' value, with the net proceeds to be deposited into the
Dallas Auction Gallery Ltd. Escrow and Trust Account ("DAG Escrow
Account"), subject to the rights and claims of all parties.  For
the avoidance of doubt, the amounts on deposit in the DAG Escrow
Account are completely separate from DAG's operating account.

Second, the Debtor asks that certain additional items owned by the
Debtor be consigned to DAG for sale by public auction and in a
manner that would maximize these items' value for the benefit of
the Debtor's estate.  The Sale Items are set forth on Exhibit A and
are identified as owned either by Audubon Asset or by the Debtor.

Because the DAG Application and the DAG Employment Order authorized
DAG to sell certain property listed on Exhibit A to the DAG
Application (i.e., the Subject Property), the Debtor asks authority
to reconfirm and expand, if and as necessary, DAG's authorization
to sell such that DAG may auction the Sale Items on Exhibit A and
any other property that the Debtor obtains Court approval to sell
going forward pursuant to the Consignment Agreement and
consistently with the terms of the DAG Application and the DAG
Employment Order.

By the Motion, and in accordance with Bankruptcy Code Sections
363(b), (f), and (m) and Bankruptcy Rule 6004, the Debtor asks
authorization and approval to: (i) sell the Additional Audubon
Items consigned to DAG, and (ii) sell all right, title, and
interest of the estate in and to the Debtor-Owned Items at one or
more auctions to be conducted by DAG under the Consignment
Agreement, free and clear of all liens, claims, encumbrances, and
other interests, if any, in accordance with the same procedures set
forth in the previous auction orders.  Any such alleged Interest in
the Sale Items will attach to the net proceeds of the sale with the
same validity (or invalidity), priority, and perfection as existed
immediately prior to such sale.

As all parties appreciate, any sale estimate ranges provided by DAG
are estimates only, and not a guarantee of prices the market will
ultimately set by the bids at Auction.  The Debtor will work with
DAG to determine suitable reserve pricing to make sure that a
minimum value is established for each item as appropriate and as
provided for in the Consignment Agreement.  Except as indicated in
the Consignment Agreement, items will not be sold for less than the
reserve pricing.

The Auctions to sell certain of the Sale Items are currently
scheduled by DAG for April 11, 2018 at 6:00 p.m. and May 16, 2018
at 6:00 p.m. at DAG, 2235 Monitor Street, Dallas, Texas.  Further,
DAG holds frequent Auctions featuring a wide-range of various types
of assets, including contemporary art, western art, decorative art,
sculptures, porcelains, art glass, antique oil paintings, antique
silver, Asian art and antiquities, fine estate jewelry, and French,
Continental, and American antique furniture.

If DAG, in its professional judgment, determines in consultation
with the Debtor that certain of the Sale Items would be best
promoted and sold in a subsequent or other Auction in order to
maximize its value for the Debtor's estate, DAG may elect to
feature such items in the appropriate Auction as necessary.
Similarly, DAG may, in its professional judgment, schedule a
special, standalone Auction to sell certain of the Sale Items.

Each Auction will be publicized by DAG in accordance with its
standard procedures.  Specifically, DAG utilizes a wide range of
marketing strategies to build interest and excitement among the
broadest possible range of local and international buyers far in
advance of the Auctions.  In his business judgment, with the
assistance of his professionals, the Debtor submits that DAG's
strategies, global reach, reputation, record of success, and
hands-on approach will likely ensure the best return for the Debtor
and his estate with regard to the sale of the Sale Items.

On the 21st business day after each Auction at which any of the
Sale Items is sold, DAG will collect the proceeds from the sale of
the Sale Items from each buyer and will remit to the Debtor the
sale proceeds that it has actually collected and received, after
deducting its fees.  All net sale proceeds received from the sale
of the Debtor-Owned Items at the Auctions will be deposited in the
Debtor's DIP bank account pending further order of this Court.  All
net sale proceeds received from the sale of the Additional Audubon
Items at the auctions will be deposited in the DAG Escrow Account.
Within seven days after receipt by the Debtor of full and final
payment of the net sale proceeds from DAG, the Debtor will file a
Notice of Sale with the Court detailing the Sale Items sold and the
net proceeds received by the estate.

Within seven days after receipt by the Debtor of full and final
payment of the net sale proceeds from the Auction, and in
accordance with Rule 6004(f), the Debtor will coordinate with DAG
in compiling the list of the Sale Items sold and the purchase price
of each item.  He will then file a Notice of Sale with the Court:
(a) detailing the Sale Items sold and (b) the net proceeds to the
Debtor's estate.

The Debtor asks a waiver of the requirement that the identity of
the purchaser be disclosed in order to protect any privacy concerns
of third parties buying valuable pieces of art via public auction,
as well as to protect any agreements that DAG has with its
potential buyers regarding privacy or confidentiality.  He also
asks that the notice of the Motion and the process set forth be
deemed sufficient notice of the proposed sale of the Sale Items in
accordance with Bankruptcy Rule 6004(f).

Accordingly, the Debtor submits that the proposed Auctions will
bring money back into the estate to satisfy the claims of his
creditors, has a sound business justification and should be
approved.

The Debtor asks that the Order approving the sale of the Sale Items
by Auction be effective immediately by providing that the 14-day
stay under Bankruptcy Rule 6004(h) is waived.

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

    http://bankrupt.com/misc/Samuel_Wyly_1952_Sales.pdf

                         About Sam Wyly

Sam Wyly is a lifelong entrepreneur and author.  His first book,
1,000 Dollars & An Idea, is a biography that tells his story of
creating and building companies, including University Computing,
Michaels Arts & Crafts, Sterling Software, and Bonanza Steakhouse.
His second book, Texas Got It Right!, co-authored with his son,
Andrew, was gifted to roughly 450,000 students and teachers,
thought leaders, and readers, and continues to be a best-seller in
its Amazon category.

Samuel Wyly filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Tex. Case No. 14-35043) on Oct. 19, 2014, weeks after a judge
ordered him to pay several hundred million dollars in a civil fraud
case.  In September 2014, a federal judge ordered Mr. Wyly and the
estate of his deceased brother to pay more than $300 million in
sanctions after they were found guilty of committing civil fraud
to hide stock sales and nab millions of dollars in profits.

On Dec. 2, 2014, the Court appointed an official committee of
unsecured creditors in the Case.


SANDY CREEK: S&P Alters Outlook to Neg, Affirms B- on Loan Due 2020
-------------------------------------------------------------------
Sandy Creek Energy Associates L.P. now has higher than originally
expected refinancing risk at the maturity of its term loan, in
light of power prices that have improved during the past few
months, but are still substantially weaker than S&P' early
estimates.

S&P Global Ratings said it revised its rating outlook on Sandy
Creek Energy Associates L.P. to negative from stable. S&P also
affirmed the 'B-' project finance rating on the senior secured term
loan B due 2020. The recovery rating of '2' is unchanged,
reflecting S&P's expectation of substantial (70%-90%; rounded
estimate: 70%) recovery in the event of default.

The negative outlook stems from continued challenging conditions in
Electric Reliability Council of Texas Inc. (ERCOT) that, over time,
have contributed to heightened refinancing risk. This continues to
be caused by lower-than-expected demand growth, but it is also
partially the result of diminished gas pricing--the impacts of this
fall disproportionately on coal-fired generators like Sandy Creek,
but we note that the contracted end of the asset has not been
affected by this. S&P notes that there have, during the past few
months, been certain positive developments in the ERCOT market,
including the retirement of older coal assets, that could lead to
improved pricing; if this occurs, debt paydown at Sandy Creek could
accelerate and refinancing risk could be less of a concern, more
likely during the summer months.

S&P said, "The negative outlook reflects our view that power prices
under ERCOT could continue to worsen during the next year, possibly
resulting in weaker cash flows and heightened refinancing risk.
While we expect DSCRs to exceed 1.1x in most years during the term
loan period, it would likely drop to under 1x after refinancing.

"We could lower the rating into the 'CCC' category if we believed
that the issuer would have difficulty refinancing its 2020
maturity; this would likely be due to a more bleak outlook for
power prices in coming years, as a result of lower gas prices and
increased renewable penetration.

"We would revise the outlook to stable or, less likely, to positive
if power prices rebounded on retirements such that minimum DSCRs
during the post-refinancing period improved to about 1.2x from
their current level of under 1.0x and we had comfort that such
performance were sustainable. This could stem from the retirement
of other coal assets or a rebound in gas prices, which would raise
power prices and contribute to higher power demand. In addition, a
viable refinancing plan to address the 2020 term loan maturity
would support credit quality."


SEADRILL LIMITED: Bank Debt Trades at 13.69% Off
------------------------------------------------
Participations in a syndicated loan under which Seadrill Limited is
a borrower traded in the secondary market at 86.31
cents-on-the-dollar during the week ended Friday, March 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 1.13 percentage points from the
previous week. Seadrill Limited pays 300 basis points above LIBOR
to borrow under the $1.1 billion facility. The bank loan matures on
February 21, 2021. Moody's rates the loan 'Caa2' and Standard &
Poor's gave a 'CCC+' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, March 2.


SIVYER STEEL: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Sivyer Steel Corporation
        225 S. 33rd Street
        Bettendorf, IA 52722

Type of Business: Sivyer Steel -- https://www.sivyersteel.com --
                  is a supplier of steel castings based in
                  Bettendorf, Iowa.  Sivyer Steel is an ISO
                  9001:2008 recertified steel foundry, which means
                  that it meets the International Organization for
                  Standardization's quality management system.
                  The Company develops custom steel castings and
                  components for clients in industries that
                  include government, private, and public sectors.
                  Sivyer Steel specializes in military castings,
                  energy applications, railroad castings, wear
                  parts, pump & valves, oil & gas, mining,
                  construction castings, perimeter security, and
                  agriculture.  The Company was founded by
                  Frederick Lincoln in 1909.  An involuntary
                  Chapter 11 case was filed against the Company
                  on March 8, 2018, by alleged creditors Sadler
                  Machine Co., Speyside Machining Holdings, LLC,
                  and ARCO Manufacturing Corporation.

Chapter 11 Petition Date: March 14, 2018

Case No.: 18-00507

Court: United States Bankruptcy Court
       Southern District of Iowa (Davenport)

Judge: Hon. Anita L. Shodeen

Debtor's Counsel: Jeffrey D Goetz, Esq.
                  BRADSHAW, FOWLER, PROCTOR & FAIRGRAVE PC
                  801 Grand Ave, Ste 3700
                  Des Moines, IA 50309-8004
                  Tel: (515) 246-5817
                  Fax: (515) 246-5808
                  E-mail: bankruptcyefile@bradshawlaw.com

                    - and -
  
                  Krystal R Mikkilineni, Esq.
                  BRADSHAW, FOWLER, PROCTOR & FAIRGRAVE PC
                  801 Grand Ave, Ste 3700
                  Des Moines, IA 50309
                  Tel: (515) 246-5870
                  Fax: (515) 246-5808
                  E-mail: mikkilineni.krystal@bradshawlaw.com

Total Assets: $16.43 million

Total Liabilities: $18.35 million

The petition was signed by Keith Kramer, president.

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

              http://bankrupt.com/misc/iasb18-00507.pdf

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
First Insurance Funding             Financing for        $902,028
450 Skokie Blvd, Suite 1000       Insurance Coverage  
Northbrook, IL 60062-7917        for property, cargo,
                                 freight, liability
                                      insurance

General Electric Company                                 $884,349
16201 Three Wide, Drive E 206
Fort Worth, TX 76177

Canfield & Joseph, Inc.            Foundry Supplies      $644,245
PO Box 471285                         provider
Tulsa, OK 74147

Shenyang Jinli                                           $465,895
Metals & Minerals
Import & Export Co. Ltd
Room 15-4 No. 22
Shenyang 110014 China

JP Morgan Chase                                          $447,690
PO Box 4475
Carol Stream, IL
60197-4475

MidAmerican Energy Services, LLC                         $319,297
PO Box 8019
Davenport, IA
52808-8019

Carpenter Brothers, Inc.                                 $297,302
Box 88113
Milwaukee, WI
53288-0113

Godfrey & Kahn                                           $231,157

Richardson Manufacturing Co.       Machine Shop          $227,925

Smith S J Welding Supply        Gas cylinder, weld       $161,711
                                 consummables, and
                                 safety provider

Ningbo Daming                                            $148,787
Precision Casting Co. Ltd.

BDI - Bearing Distributors          Maintenance          $146,701
                                Material Provider

Foundry Sand Service, LLC       Chromite Provider        $142,367

Alter Trading Corporation                                $139,430

American Colloid Co.                                     $137,925

ASI International LTD            Alloy provider          $129,985

Cores for You                                            $111,969

RIM Logistics Ltd                                        $109,840

Manley Brothers of              Silica Provider          $101,696
Indiana, Inc.

MidAmerican Energy                 Utilities              $91,683


SKILLSOFT CORP: Bank Debt Trades at 11.67% Off
----------------------------------------------
Participations in a syndicated loan under which Skillsoft Corp is a
borrower traded in the secondary market at 88.33
cents-on-the-dollar during the week ended Friday, March 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.86 percentage points from the
previous week. Skillsoft Corp pays 825 basis points above LIBOR to
borrow under the $185 million facility. The bank loan matures on
April 28, 2022. Moody's rates the loan 'Caa3' and Standard & Poor's
gave a 'CCC' rating to the loan. The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday,
March 2.


SOLARWINDS HOLDINGS: S&P Gives 'B-' Rating on $315MM 2nd Lien Loan
------------------------------------------------------------------
S&P Global Ratings assigned its 'B-' issue-level and '5' recovery
ratings to Austin, Texas-based information technology
infrastructure management software provider SolarWinds Holdings
Inc.'s $315 million second-lien term loan. The '5' recovery rating
indicates S&P's expectation of modest (10%-30%; rounded estimate:
10%) recovery in the event of default.

The proceeds will be used, with an incremental $312 million add-on
(originally reviewed as $250 million in S&P's Feb. 23, 2018,
report) to its repriced first-lien term loan and cash on hand, to
repay in full its $680 million of senior secured notes.



SOUTHEASTERN GROCERS: 94 BI-LO, Harveys & Winn-Dixie Stores Shut
----------------------------------------------------------------
Southeastern Grocers, LLC, operator of BI-LO, Fresco y Mas, Harveys
Supermarket and Winn-Dixie grocery stores, said March 15, 2018 that
as part of its prepackaged Chapter 11 restructuring, it has made
the difficult but necessary decision to close 94 underperforming
stores.

The Company though is expected to keep most of its stores open when
it emerges from Chapter 11 bankruptcy.

"We will continue to thrive with 582 successful stores in operation
and will continue to deliver a store experience our associates,
customers and communities can count on," Anthony Hucker, President
and Chief Executive Officer, said.

The Company said it intends to pay its suppliers in full for goods
and services provided both before and after it enters the Chapter
11 process.  This ensures that its supplier partners, contract
counterparties, and all other trade creditors will receive payment
in full on account of existing obligations in the ordinary course
of business and aligned to current contractual terms.  The Company
expects day-to-day operations to continue as usual.

The Affected Stores are as follows:

A. Alabama

  Store No.  Banner    Address                  City   State
  ---------  ------    --------                 -----  -----
   434    Winn-Dixie  2495 Hwy 431             Anniston AL
   405    Winn-Dixie  2220 Bessemer Road       Birmingham AL
   596    Winn-Dixie  3075 Us Hwy 98           Daphne AL
   422    Winn-Dixie  3850 W. Main Street      Dothan AL
   454    Winn-Dixie  2131 Ross Clark Circle   Dothan AL
   586    Winn-Dixie  Hwy 59 And 16Th Avenue   Gulf Shores AL
   564    Winn-Dixie  2502 Schillinger Rd S    Mobile AL
   569    Winn-Dixie  1134 South Alabama Ave.  Monroeville AL
   521    Winn-Dixie  3881 Atlanta Highway     Montgomery AL
   1345   Winn-Dixie  21951 D Hwy 59           Robertsdale AL

B. Florida

  Store No.  Banner    Address                  City   State
  ---------  ------    --------                 -----  -----
   673    Winn-Dixie  6180 Us Highway 41 N     Apollo Beach FL
   2525   Winn-Dixie  10026 Coconut Rd.        Bonita Springs FL
   660    Winn-Dixie  3500 53Rd Ave. West      Bradenton FL
   218    Winn-Dixie  2581 North Hiatus Road   Cooper City FL
   2341   Winn-Dixie  2701 S. Woodland Blvd.   Deland FL
   72493  Winn-Dixie  18731 Three Oaks Parkway Fort Myers FL
   2513   Winn-Dixie  8650 Gladiolus Drive     Fort Myers FL
   2457   Winn-Dixie  2002 SW 34Th St          Gainesville FL
   1691   Harveys     3000 Dunn Avenue         Jacksonville FL
   1693   Harveys     1012 Edgewood Ave. N     Jacksonville FL
   80     Winn-Dixie  9866 Baymeadows Road     Jacksonville FL
   238    Winn-Dixie  6707 West Indiantown Rd  Jupiter FL
   272    Winn-Dixie  3757 Military Trail      Jupiter FL
   2260   Winn-Dixie  1347 E Vine St           Kissimmee FL
   651    Winn-Dixie  2126 Collier Parkway     Land O' Lakes FL
   244    Winn-Dixie  6301 County Line Rd.     Miramar FL
   2213   Winn-Dixie  4417 Nw Blitchton Road   Ocala FL
   2289   Winn-Dixie  8445 Sw Hwy 200, Ste#131 Ocala FL
   145    Winn-Dixie  248 Blanding Blvd.       Orange Park FL
   1709   Harveys     2722 N. Pine Hills Rd    Orlando FL
   2276   Winn-Dixie  4686 E Michigan Street   Orlando FL
   348    Winn-Dixie  7139 W Broward Blvd.     Plantation FL
   228    Winn-Dixie  277 S Pompano Parkway    Pompano Beach FL
   2479   Winn-Dixie  7625 Blind Pass Road    Saint Petersburg FL
   654    Winn-Dixie  3301 17Th Street         Sarasota FL
   2406   Winn-Dixie  1325 S. Tamimi Trail     Sarasota FL
   2482   Winn-Dixie  2881 Clark Road          Sarasota FL
   307    Winn-Dixie  2160 S. Federal Highway  Stuart FL
   52     Winn-Dixie  3813-10 N. Monroe Street Tallahassee FL
   125    Winn-Dixie  1525 West Tharpe Street  Tallahassee FL
   326    Winn-Dixie  7015 N. University Drive Tamarac FL
   1718   Harveys     2525 E. Hillsboro Avenue Tampa FL
   2407   Winn-Dixie  2525 N. Dale Mabry       Tampa FL
   2417   Winn-Dixie  4317 Gandy Blvd          Tampa FL
   221    Fresco      2675 S. Military Trail   West Palm Beach FL

C. Georgia

  Store No.  Banner    Address                  City   State
  ---------  ------    --------                 -----  -----
   1618   Harveys     400 West 4Th St.         Adel GA
   1659   Harveys     1000 First Ave. Ne       Cairo GA
   1669   Harveys     68 North Scott Street    Camilla GA
   1642   Harveys     140 West Dykes St.       Cochran GA
   480    Winn-Dixie  5750 Milgen Road         Columbus GA
   1608   Harveys     279 S. Main St.          Dawson GA
   1670   Harveys     1945 Veterans Blvd       Dublin GA
   1623   Harveys     202 Vineville St.        Fort Valley GA
   1696   Harveys     1553 Us 19 South         Leesburg GA
   1664   Harveys     1605 Shurling Dr.        Macon GA
   1609   Harveys     506F Spaulding Rd.       Montezuma GA
   1615   Harveys     1209 1St Ave. Southeast  Moultrie GA
   1660   Harveys     415 North Irwin Ave.     Ocilla GA
   5763   BI-LO       2142 E. Victory Drive    Savannah GA
   1647   Harveys     Ga Hwy 112&Azalea Trail  Sylvester GA
   1619   Harveys     306 Smith Ave.           Thomasville GA
   65     Winn-Dixie  4036 Bemiss Rd.          Valdosta GA
   173    Winn-Dixie  1105 Madison Highway     Valdosta GA
   1614   Harveys     510 Tebeau St.           Waycross GA

D. Louisiana

  Store No.  Banner    Address                  City   State
  ---------  ------    --------                 -----  -----
   1446   Winn-Dixie  619 N. Causeway Blvd.    Mandeville LA

E. Mississippi

  Store No.  Banner    Address                  City   State
  ---------  ------    --------                 -----  -----
   1357   Winn-Dixie  2384 Pass Rd.            Biloxi MS

F. North Carolina

  Store No.  Banner    Address                  City   State
  ---------  ------    --------                 -----  -----
   5547   BI-LO       205 NC Highway 9 Black   Mountain NC
   1674   Harveys     6320 Albemarle Road      Charlotte NC
   1680   Harveys     4430 The Plaza           Charlotte NC
   5026   BI-LO       595 Us 601 Bypass        South Concord NC
   5206   BI-LO       2204 Union Rd            Gastonia NC
   5605   BI-LO       1955 Davis Park          Road Gastonia NC
   5219   BI-LO       427 North Generals Blvd. Lincolnton NC
   5437   BI-LO       1555 E. Union Street     Morganton NC
   5640   BI-LO       9101 Matthews-Pineville  Pineville NC

G. South Carolina

  Store No.  Banner    Address                  City   State
  ---------  ------    --------                 -----  -----
   5277   BI-LO       1706 E. Greenville St.   Anderson SC
   5748   BI-LO       3386 Railroad Ave        Bamberg SC
   5808   BI-LO       10560 Dunbarton Blvd     Barnwell SC
   5539   BI-LO       501 Old Greenville Hwy   Clemson SC
   1672   Harveys     3315-B Broad River Rd.   Columbia SC
   1676   Harveys     2230 Decker Blvd.        Columbia SC
   1678   Harveys     3900-B. N. Main Street   Columbia SC
   5273   BI-LO       1818 Woodruff Rd.        Greenville SC
   1681   Harveys     714 Bypass 25 Ne         Greenwood SC
   5749   BI-LO       9616 Hwy 78              Ladson SC
   5410   BI-LO       774 South Shelmore Blvd  Mount Pleasant SC
   5747   BI-LO       208 E. Mcintyre St.      Mullins SC
   1677   Harveys     1937 Wilson Road         Newberry SC
   5266   BI-LO       4391 Dorchester Rd       N. Charleston SC
   5419   BI-LO       115 Rochester Hwy.       Seneca SC
   5519   BI-LO       140 Fernwood Dr.         Spartanburg SC
   5753   BI-LO       615 Harry C Raysor Dr S  St Matthews SC
   5296   BI-LO       1452 Boone Hill Road     Summerville SC
   5805   BI-LO       2587 Jefferson Davis Hwy Warrenville SC

                    About Southeastern Grocers

Southeastern Grocers, LLC, (SEG), parent company and home of BI-LO,
Fresco y Mas, Harveys Supermarket and Winn-Dixie grocery stores, is
one of the largest conventional supermarket companies in the U.S.
SEG grocery stores, liquor stores and in-store pharmacies serve
communities throughout the seven southeastern states of Alabama,
Florida, Georgia, Louisiana, Mississippi, North Carolina and South
Carolina.  BI-LO, Fresco y Mas, Harveys Supermarket and Winn-Dixie
are well known and well-respected regional brands with deep
heritages, strong neighborhood ties, proud histories of giving
back, talented and caring associates and strong commitments to
providing the best possible quality and value to customers.  Their
Web sites are http://www.bi-lo.com/,
http://www.frescoymas.com/, http://www.harveyssupermarkets.com/
and http://www.winndixie.com/

Southeastern Grocers, LLC, announced that by the end of March 2018,
it will commence a Chapter 11 case in Delaware bankruptcy court to
seek confirmation of a prepackaged chapter 11 plan that will cancel
its unsecured notes in exchange for 100% of the equity of the
reorganization company.

Weil, Gotshal & Manges LLP is serving as legal counsel, Evercore is
serving as investment banker, and FTI Consulting Inc . is serving
as restructuring advisor to Southeastern Grocers.

Morrison & Foerster LLP is serving as legal counsel and Moelis &
Company LLC is serving as financial advisor to an ad hoc group of
holders of Unsecured Notes and 9.25% Senior Secured Notes due 2019.


SOUTHEASTERN GROCERS: To File for Chapter 11 with Prepack Plan
--------------------------------------------------------------
Southeastern Grocers on March 15 said it has entered into a
Restructuring Support Agreement with a group of creditors
collectively holding 80% of its 8.625%/9.375% Senior PIK Toggle
Notes -- Unsecured Notes -- due September 2018 and its private
equity sponsor regarding the terms of a comprehensive financial
restructuring that will position the Company for long-term
financial health. SEG will continue operating throughout this
process, and the Company's associates remain focused on exceeding
the needs of customers and consistently delivering great service,
quality and value in SEG's stores.

Anthony Hucker, President and Chief Executive Officer of SEG, said,
"The agreement we announced today is an important step in
Southeastern Grocers' transformation to put our company in the best
position to succeed in the extremely competitive retail market in
which we do business. With a foundation built on iconic, heritage
banners, and with the strong support of our leadership team, we
will work through this process as quickly and efficiently as
possible.  We are excited to emerge with the optimal store
footprint and greater financial flexibility to invest in
Southeastern Grocers' growth."

Consummating the transactions contemplated under the RSA is
expected to significantly strengthen the Company's balance sheet.
The restructuring will decrease overall debt levels by over $500
million and maintain the Company's strong liquidity position under
the new post-emergence Revolving Credit Facility.  The significant
reduction in debt will result in reduced interest expense, allowing
the Company to invest more cash flow back into the business in the
form of increased capital expenditures for store remodels and new
stores.

Mr. Hucker continued, "Southeastern Grocers is faced with a
critical milestone in its transformation and we have made choices
for our future and long-term growth potential.  We conducted a
thorough review of our strategic options and determined that this
financial restructuring is in the best interests of our associates,
customers, supplier partners and the communities in which we serve.
Southeastern Grocers is a strong, viable business and is building
momentum with robust performance and new store concepts that
resonate with our associates, customers and communities.  This
course of action enables us to continue writing the story for our
company and our iconic, heritage banners in the Southeast."

Under the terms of the proposed restructuring:

   * The Company's outstanding secured debt obligations, including
its Secured Notes and the 2014 Revolving Credit Facility, will be
paid in full.

   * The Company has secured 100% committed exit financing in the
form of a senior secured six-year term loan facility in the
original principal amount of $525 million and an asset-based
lending (ABL) revolving credit facility.

   * The Unsecured Notes will be cancelled in exchange for 100% of
equity in the reorganized Company.

   * Holders of general unsecured claims, including supplier
partners, contract counterparties, and all other trade creditors
will receive payment in full on account of existing obligations in
the ordinary course of business.

   * The holder of the Company's existing equity will receive a
five-year warrant (subject to dilution) and certain global
settlement consideration.

   * 582 stores will continue to operate throughout the Company's
footprint.  A total of 94 stores will close, many of which will
have their related leases rejected and lease rejection claims
rendered unimpaired.

The Company plans to implement the terms of the proposed financial
restructuring by soliciting votes from holders of its Unsecured
Notes and holders of its existing equity on a pre-packaged plan of
reorganization and commencing voluntary cases under chapter 11 of
the United States Bankruptcy Code with the United States Bankruptcy
Court for the District of Delaware by the end of March.

With a deleveraged balance sheet and an optimal store base, the
Company will be able to focus its resources on stores with the
greatest potential for growth and improve the financial health of
the overall business.

Mr. Hucker remarked, "We expect our financial health and free cash
flow to improve in the newly reorganized company, and although the
restructuring contemplates certain store closings, SEG is committed
to ensuring that all associates continue to be treated with the
utmost dignity, respect and compassion.  We will continue every day
to provide our associates with a great place to work and our
customers with a store experience they can count on. On behalf of
the Southeastern Grocers leadership team, I want to thank our many
talented associates for their dedication and loyalty in serving our
customers and community day in and day out."

Additional information about the Company's restructuring efforts is
available at http://www.segrocers.com/restructuring

                    About Southeastern Grocers

Southeastern Grocers, LLC, (SEG), the parent company and home of
BI-LO, Fresco y Mas, Harveys Supermarket and Winn-Dixie grocery
stores, is one of the largest conventional supermarket companies in
the U.S. SEG grocery stores, liquor stores and in-store pharmacies
serve communities throughout the seven southeastern states of
Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina
and South Carolina.  BI-LO, Fresco y Mas, Harveys Supermarket and
Winn-Dixie are well known and well-respected regional brands with
deep heritages, strong neighborhood ties, proud histories of giving
back, talented and caring associates and strong commitments to
providing the best possible quality and value to customers.  Their
Web sites are http://www.bi-lo.com/, http://www.frescoymas.com/,
http://www.harveyssupermarkets.com/and http://www.winndixie.com/

Southeastern Grocers, LLC, announced that by the end of March 2018,
it will commence a Chapter 11 case in the Delaware bankruptcy court
to seek confirmation of a prepackaged chapter 11 plan that will
cancel its unsecured notes in exchange for 100% of the equity of
the reorganization company.

Weil, Gotshal & Manges LLP is serving as legal counsel, Evercore is
serving as investment banker, and FTI Consulting Inc . is serving
as restructuring advisor to Southeastern Grocers.

Morrison & Foerster LLP is serving as legal counsel and Moelis &
Company LLC is serving as financial advisor to an ad hoc group of
holders of Unsecured Notes and 9.25% Senior Secured Notes due 2019.


STONE CONNECTION: Court Signs Final Cash Collateral Order
---------------------------------------------------------
Judge Barbara Ellis-Monro of the U.S. Bankruptcy Court for the
Northern District of Georgia has entered a final order authorizing
Stone Connection, Inc., to use cash collateral only for permitted
purposes.

The Debtor is permitted to use cash collateral solely to pay
expenses shown on the Budget and limited to amounts and line items
shown on the Budget. No cash collateral may be used to pay any
prepetition claim against Debtor other than (i) payroll, payroll
related taxes, employee benefits, and trust fund taxes, (ii)
insurance financing, (iii) payments to Lender, or (iv) as otherwise
ordered by the Court.

The Debtor may use cash collateral commencing Feb. 28, 2018, and
ending on the sooner to occur of: (a) consummation of a sale or
refinance of the Debtor's Warehouse, (b) confirmation of a Plan, or
(c) the occurrence of an Event of Default or (d) an Event of
Default in any order approving DIP financing or DIP financing
payments.

The Debtor entered into a Loan and Security Agreement with VFP
Intermediate Holdings, LLC, which later on transferred its interest
under the Original Loan to ACM VFP Legacy Assets, LLC. The Debtor
and ACM VFP Legacy Assets, LLC entered into a First Amendment to
the Loan and Security Agreement, which provided for asset based
lending pursuant to a Revolver Note in the maximum amount of
$2,500,000 and a Term Note in the principal amount of $500,000, all
of which remain secured by the Collateral.

Subsequently, on Jan. 4, 2018, the Debtor and ACM VFP Legacy
entered into a Second Amendment to the Loan and Security Agreement,
which combined the remaining balance owed under the Revolver Note
and Term Note into a $450,000 Term Note, payable monthly with a
Maturity Date of January 1, 2019.

ACM VFP Legacy Assets is granted liens upon all real and personal
property of Debtor, wherever located and whether created, acquired
or arising prior to or after the Petition Date, to the extent and
in the priority as ACM VFP Legacy Assets' liens and security
interests existed as of the Petition Date. The Adequate Protection
Liens are granted as adequate protection against any diminution in
the value of any liens and security interests of Lender in any
property of Debtor resulting from the imposition of the automatic
stay or any use, sale, consumption or other disposition of such
property.

Following the Final Hearing, the Debtor is directed to pay ACM VFP
Legacy Assets $37,500 to be applied to principal for the month of
February and will commence making monthly payments to ACM VFP
Legacy Assets, starting March 1, 2018 to include monthly payments
of principal at the rate of $37,500, plus monthly interest from
January 30, 2018 at the default rate.

Monthly payments from the cash collateral will include expenses of
ACM VFP Legacy Assets allowed under the loan documents including
wire fees, lockbox fees (to end February 28, 2018, with the closure
of the lockbox account), title costs, and recording fees.

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

             http://bankrupt.com/misc/ganb18-51440-42.pdf

                     About Stone Connection

Founded in 1999, Stone Connection, Inc. --
https://www.stoneconnectionatlanta.com/ -- is a direct importer of
marble and granite for homeowners and contractors in the Atlanta
metro area, including the communities of Roswell, Alpharetta, Sandy
Springs, and more. Its 30,000 sq/ft warehouse and showroom in
Norcross, Georgia have more than 300 individual types and colors of
granite.
                      
Stone Connection filed a Chapter 11 petition (Bankr. N.D. Ga. Case
No. 18-51440) on Jan. 30, 2018.  In the petition signed by CEO
Eugene Steyn, the Debtor estimated assets and liabilities at $1
million to $10 million.  The case is assigned to Judge Barbara
Ellis-Monro.  The Debtor is represented by Frank G. Nason, IV,
Esq., at Lamberth, Cifelli, Ellis & Nason, P.A.


SWIFT STAFFING: Diverse Staffing Offers $2 Million for All Assets
-----------------------------------------------------------------
Swift Staffing Holdings, LLC, asks the U.S. Bankruptcy Court for
the Northern District of Mississippi to authorize the private sale
of substantially all assets to Diverse Staffing Services, Inc., for
$2 million.

Recently, the Debtor encountered financial challenges to the extent
that it could not obtain, or pay for, workers' compensation
insurance on a regular basis.  As a result, it initiated the
Chapter 11 case and has obtained an order from the Court whereby
Diverse Staffing Services, Inc., agreed to provide funding for its
payroll and to place into effect workers' compensation insurance
coverage for the Debtor's employees.

As the Order Approving Service Agreement notes, not only is Diverse
providing payroll funding and workers' compensation insurance, it
also has entered into an asset purchase agreement with the Debtor
wherein Diverse asks to purchase substantially all of the assets of
the Debtor for $2 million with $250,000 as earnest money.  The sale
will be free and clear, and the Debtor will assign the contracts
and leases free and clear of (i) any Permitted Encumbrances or (ii)
any permitted Liens, with any such Liens attached to the net sale
proceeds of the Assets.

The Debtor believes that a sale of its Assets as contemplated by
the Motion and the APA will maximize the value of the estate.
While the exact Assets that will be sold are dependent upon the
entry of a final order approving the Motion, the Debtor asks
authority to sell substantially all of its Assets, as they are
listed, included and defined in the APA.  

The Debtor believes that in the event the Motion is approved, the
result will be a successful sale of its Assets.  Accordingly, the
Debtor at this time asks authority to sell the Assets.  In addition
to the relief set forth, upon a hearing with respect to the Motion,
the Debtor asks entry of an order that will, inter alia, (i) find
that the buyer(s) of the Assets has bid, negotiated and purchased
in good faith, and (ii) waive any stays, if they exist, set forth
in the Bankruptcy Rules so the sale can be closed as soon as
possible.

A prompt sale of the Assets will likely enable the Debtor to
realize good value for the Assets.  The Debtor believes that the
terms and conditions set forth in the Motion, and in the APA, are
fair and equitable to all interested purchasers and the Debtor, and
thus reflect a transaction that will ultimately result in a
successful sale of the Debtor's Assets.  

The Debtor believes that any material delay in consummating the
proposed sale of the Assets will result in a reduction in the value
of its Assets.  In fact, the APA calls for a closing of the sale of
Assets in mid-March, which the Debtor does not believe that it will
be able to accomplish.  However, that deadline in the APA is an
indication of the urgent need to have an order entered approving
the Motion as soon as practicable.  Further, the service agreement
that the Order Approving Service Agreement actually approved
terminates within 30 days from the execution thereof.  Absent an
extension of the service agreement, the Debtor will have no funds
to operate its business with respect to the payment of payroll or
the obtaining of workers' compensation insurance.  The Debtor
submits that it is abundantly clear that the Assets must be sold by
private sale, and the business justifications for the requested
sale are self-evident.

As further assurance of value, the Debtor engaged Seiler Tucker as
its Mergers and Acquisitions Master Intermediary Broker on Aug. 11,
2017.  The Debtor's  Broker testified, at the hearing on the Motion
to Approve Service Agreement, that she had received well over one
hundred non-disclosure agreements, she had obtained a number of
letters of intent, she had worked diligently to advertise and
market the business for sale, and the only viable, executed APA is
the APA.

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

    http://bankrupt.com/misc/Swift_Staffing_32_Sales.pdf

The Purchaser:

          DIVERSE STAFFING SERVICES, INC.
          6325 Digital Way, Suite 100
          Indianapolis, IN, 46278
          Attn: George Apgar, Managing Partner

                  About Swift Staffing Holdings

Swift Staffing Holdings, LLC, is a full-service provider of
staffing services with offices across the United States.  Swift
Staffing  sought Chapter 11 protection (Bankr. N.D. Miss. Case No.
18-10616) on Feb. 21, 2018.  In the petition signed by Rodney Clay
Dial, manager, the Debtor estimated assets and liabilities in the
range of $1 million to $10 million.  The case is assigned to Judge
Jason D. Woodard.  The Debtor tapped Craig M. Geno, Esq., at Law
Offices of Craig M. Geno, PLLC, as counsel.


SYNCREON GROUP: Bank Debt Trades at 11.62% Off
----------------------------------------------
Participations in a syndicated loan under which Syncreon Group BV
is a borrower traded in the secondary market at 88.38
cents-on-the-dollar during the week ended Friday, March 2, 2018,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.51 percentage points from the
previous week. Syncreon Group pays 425 basis points above LIBOR to
borrow under the $525 million facility. The bank loan matures on
October 28, 2020. Moody's rates the loan 'Caa2' and Standard &
Poor's gave a 'B-' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, March 2.


THOMAS M. COOLEY: S&P Alters Outlook to Positive & Affirms 'BB' ICR
-------------------------------------------------------------------
S&P Global Ratings revised its outlook to positive from stable and
affirmed its 'BB' long-term rating on Michigan Finance Authority's
series 2014 limited obligation revenue bond issued for the Thomas
M. Cooley Law School (Cooley). S&P also affirmed its 'BB' issuer
credit rating (ICR) on the school. The outlook is positive for all
ratings.

"The revised outlook reflects our view of the school's improved
operating results ahead of projections, strengthening available
resources and expectations that the school's debt burden will
continue to moderate," said S&P Global Ratings credit analyst
Ashley Ramchandani. The rating reflects our opinion that the school
will continue to experience significant enrollment and demand
pressure during the next few years as it, like other U.S. law
schools, navigates enrollment challenges. Management reports that
it remains in compliance with all covenants and projects
maintaining days' cash on hand well above its covenant of 175 days
as required in bond documents.

S&P said, "The positive outlook reflects our anticipation that
total headcount will remain at or near current levels, that the
school will maintain its demand profile and continue to generate
balanced to positive operating performance on a full accrual basis.
We also anticipate that balance sheet metrics will demonstrate
improvement over time. We do not anticipate any additional debt
issuances."


TOPS HOLDING: Seeks to Hire FTI Consulting, Appoint CRO
-------------------------------------------------------
Tops Holding II Corporation seeks approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire FTI Consulting,
Inc., and appoint Michael Buenzow as its chief restructuring
officer.

Mr. Buenzow, a senior managing director of FTI, and his firm will
assist the company and its affiliates in the management of the
overall restructuring process, with the CRO serving as the
principal contact with creditors in connection with financial and
operational matters.

The firm's hourly rates are:

     Senior Managing Directors            $840 - $1,075
     Directors                            $630 - $835  
     Senior Directors                     $630 - $835
     Managing Directors                   $630 - $835
     Consultants                          $335 - $605
     Senior Consultants                   $335 - $605    
     Administrative/Paraprofessionals     $135 - $265

The Debtors provided FTI with an initial retainer of $175,000 in
December 2017.  In the 90 days prior to the Petition Date, the firm
received retainers and payments totaling $1,278,488 for its
services.

FTI is a "disinterested person" as defined in Section 101(14) of
the Bankruptcy Code, according to court filings.

The firm can be reached through:

         Michael C. Buenzow
         FTI Consulting, Inc.
         227 West Monroe Street, Suite 900
         Chicago IL 60606
         Tel: +1 312 759 8100
         Fax: +1 312 759 8119
         E-mail: michael.buenzow@fticonsulting.com

                           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 Management, led by Frank Curci, its chairman and chief
executive officer, acquired Tops in December 2013 through a
leveraged buyout from Morgan Stanley's private equity arm.  Morgan
Stanley bought the company in 2007 from the Dutch retailer now
known as Koninklijke Ahold Delhaize NV.  In 2010, Tops acquired The
Penn Traffic Company, a local chain with 64 stores.  In 2012, it
purchased 21 Grand Union Family Markets stores.

Tops Holding II Corporation, and its subsidiaries, including Tops
Markets, LLC, sought Chapter 11 protection (Bankr. S.D.N.Y. Lead
Case No. 18-22279) on Feb. 21, 2018, to pursue a financial
restructuring that would eliminate a substantial portion of debt
from the Company's balance sheet and position Tops for long-term
success.

The Company listed total assets of $977 million and total
liabilities at $1.17 billion as of Dec. 30, 2017.

The Debtors hired Hilco Real Estate, LLC as their real estate
advisor, and Epiq Bankruptcy Solutions, LLC, as their claims and
noticing agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on March 6, 2018.


TOPS HOLDING: Taps Evercore Group as Investment Banker
------------------------------------------------------
Tops Holding II Corporation seeks approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire Evercore Group
L.L.C. as investment banker.

The firm will assist in reviewing the business, operations and
financial projections of the company and its affiliates; advise the
Debtors regarding which transaction to undertake; provide financial
advice in developing and implementing a restructuring; and assist
the Debtors in structuring and effecting a financing or sale if
they decide to pursue such a transaction.

Evercore will be paid a monthly fee of $175,000.  Fifty percent of
the monthly fees paid after the first six months will be credited
against the "completion fee," which the firm will receive upon
consummation of the earlier of a restructuring or a sale.  The
completion fee is $7.5 million.

If the firm pursues a financing, it will receive one or more of
these fees, payable upon consummation of each financing and
incremental to any completion fee:
                                        As a Percentage of
     Financing                       Financing Gross Proceeds
     ---------                       ------------------------
     Indebtedness Secured by a First Lien     1.0%
     Indebtedness Secured by a Second Lien
        or other Junior Lien                  2.0%
     Unsecured and/or Subordinated
        Indebtedness                          3.0%
     Equity or Equity-linked
        Securities/Obligations                5.0%

David Ying, a senior managing director of Evercore, disclosed in a
court filing that his firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

Evercore can be reached through:

     David Ying
     Evercore Group L.L.C.
     55 East 52nd Street
     New York, NY 10055
     Tel: +1.212.857.3100

                            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 Management, led by Frank Curci, its chairman and chief
executive officer, acquired Tops in December 2013 through a
leveraged buyout from Morgan Stanley's private equity arm.  Morgan
Stanley bought the company in 2007 from the Dutch retailer now
known as Koninklijke Ahold Delhaize NV.  In 2010, Tops acquired The
Penn Traffic Company, a local chain with 64 stores.  In 2012, it
purchased 21 Grand Union Family Markets stores.

Tops Holding II Corporation, and its subsidiaries, including Tops
Markets, LLC, sought Chapter 11 protection (Bankr. S.D.N.Y. Lead
Case No. 18-22279) on Feb. 21, 2018, to pursue a financial
restructuring that would eliminate a substantial portion of debt
from the Company's balance sheet and position Tops for long-term
success.

The Company listed total assets of $977 million and total
liabilities at $1.17 billion as of Dec. 30, 2017.

The Debtors hired Hilco Real Estate, LLC as their real estate
advisor, and Epiq Bankruptcy Solutions, LLC as their claims and
noticing agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on March 6, 2018.


TOPS HOLDING: Taps Weil Gotshal as Legal Counsel
------------------------------------------------
Tops Holding II Corporation seeks approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire Weil, Gotshal &
Manges LLP as its legal counsel.

The firm will advise the company and its affiliates regarding their
duties under the Bankruptcy Code; take all necessary actions to
protect their estates and in connection with any Chapter 11 plan;
and provide other legal services related to their Chapter 11
cases.

The firm's hourly rates range from $990 to $1,500 for members and
counsel, $535 to $975 for associates, and $230 to $385 for
paraprofessionals.

Prior to the petition date, Weil received payments and advances in
the total amount of $3.6 million for professional services
performed and to be performed, including the preparation for the
filing of the Debtors' cases.

Ray Schrock, P.C., a member of Weil, disclosed in a court filing
that the firm is a "disinterested person" as defined in Section
101(14) of the Bankruptcy Code.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Schrock disclosed that his firm has not agreed to any variations
from, or alternatives to, its standard or customary billing
arrangements; and that no Weil professional has varied his rate
based on the geographic location of the Debtors' cases.  

Weil, in conjunction with the Debtors, is developing a prospective
budget and staffing plan for their cases for the period beginning
February 2018 and ending June 2018, according to Mr. Schrock.

Weil can be reached through:

     Ray C. Schrock, P.C.
     Stephen Karotkin, Esq.
     Sunny Singh, Esq.
     Weil, Gotshal & Manges LLP   
     767 Fifth Avenue     
     New York, NY 10153
     Phone: (212) 310-8000
     Fax: (212) 310-8007
     E-mail: ray.schrock@weil.com  
             stephen.karotkin@weil.com
             sunny.singh@weil.com

                           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 Management, led by Frank Curci, its chairman and CEO, acquired
Tops in December 2013 through a leveraged buyout from Morgan
Stanley's private equity arm.  Morgan Stanley bought the company in
2007 from the Dutch retailer now known as Koninklijke Ahold
Delhaize NV.  In 2010, Tops acquired The Penn Traffic Company, a
local chain with 64 stores.  In 2012, it purchased 21 Grand Union
Family Markets stores.

Tops Holding II Corporation, and its subsidiaries, including Tops
Markets, LLC, sought Chapter 11 protection (Bankr. S.D.N.Y. Lead
Case No. 18-22279) on Feb. 21, 2018, to pursue a financial
restructuring that would eliminate a substantial portion of debt
from the Company's balance sheet and position Tops for long-term
success.

The Company listed total assets of $977 million and total
liabilities at $1.17 billion as of Dec. 30, 2017.

The Debtors hired Hilco Real Estate, LLC as their real estate
advisor, and Epiq Bankruptcy Solutions, LLC as their claims and
noticing agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on March 6, 2018.


TOW YARD: U.S. Trustee Unable to Appoint Creditors' Committee
-------------------------------------------------------------
The Office of the U.S. Trustee on March 13 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Tow Yard Brewing, LLC.

                     About Tow Yard Brewing

Tow Yard Brewing, LLC, owns and operates a brewery and restaurant
in downtown Indianapolis.  It commenced a Chapter 11 case in order
to forestall eviction from the premises in which it operates by its
landlord.  It has determined after substantial negotiations with
its landlord that there is no viable way to continue to occupy the
premises and otherwise cannot continue to operate without such
premises.  BMO Harris Bank is the secured creditor having a blanket
lien behind purchase money financiers on the Equipment to secure a
claim of $240,000.

Tow Yard Brewing sought Chapter 11 protection (Bankr. S.D. Ind.
Case No. 18-00260) on Jan. 17, 2018.  In the petition signed by
Shawn Cannon, manager, the Debtor estimated assets of up to $50,000
and debt of $100,001 to $500,000.  The Debtor tapped KC Cohen,
Esq., at KC Cohen, Lawyer, PC, as counsel.


TOYS "R" US: Seeks Court Approval to Wind Down U.S. Business
------------------------------------------------------------
Toys "R" Us, Inc.,  has filed a motion seeking Bankruptcy Court
approval to begin the process of conducting an orderly wind-down of
its U.S. business and liquidation of inventory in all 735 of the
Company's U.S. stores, including stores in Puerto Rico.  Toys "R"
Us will provide more details about the plans for the liquidation of
its U.S. stores and going out of business sales in the near term.

Toys "R" Us also announced that it is pursuing a going concern
reorganization and a sale process for its Canadian and
international operations in Asia and Central Europe, including
Germany, Austria and Switzerland.  The Company's international
operations in Australia, France, Poland, Portugal and Spain are
considering their options in light of this announcement, including
potential sale processes in their respective markets. The Company's
stores in all these international markets are currently open and
serving customers.

In connection with the sale process, the motion the Company filed
with the Bankruptcy Court included bidding procedures for the
Canadian operations.  The Company also disclosed that it is engaged
in discussions with certain interested parties for a transaction
that could combine up to 200 of the top performing U.S. stores with
its Canadian operations.  While discussions continue on this
potential transaction, Toys"R"Us is seeking court approval to
implement the liquidation of inventory in all the U.S. stores,
subject to a right to recall any stores included in the proposed
Canadian transaction.

The previously announced administration of the UK business
continues.

Dave Brandon, Chairman and Chief Executive Officer, said, "I am
very disappointed with the result, but we no longer have the
financial support to continue the Company's U.S. operations. We are
therefore implementing an orderly process to shutter our U.S.
operations and will pursue going concern sales or reorganizations
of certain of our international businesses, while our other
international businesses consider their options."

Mr. Brandon continued, "There are many people and organizations who
have remained in our corner every step along the way. I want to
thank our extraordinary team members who helped build Toys"R"Us
into a global brand. I also want to express my appreciation for my
colleagues on our board who have continued to provide support to
sustain the brand and our operations throughout the restructuring
process. I would also like to thank our vendors who we owe a great
deal of gratitude to for their decades of support. This is a
profoundly sad day for us as well as the millions of kids and
families who we have served for the past 70 years."

The Company and its advisors are working to minimize the impact of
the U.S. liquidation on the Canadian and other international
markets. As part of these efforts, the Company is implementing a
transition services arrangement for the next 60 days and is
developing plans for a potential shared service function to support
the international operations going forward.

                     $60 Million Funding

On March 14, the Company filed a motion with the Bankruptcy Court
for the Eastern District of Virginia, Richmond Division, seeking
authority to (i) close all 744 of its remaining retail stores in
the United States, shut down its distribution centers and
discontinue and wind-down all operations through its Delaware
subsidiaries ("Toys Delaware") and (ii) appoint a group of
liquidators to oversee the liquidation and wind-down process.  Toys
Delaware intends to begin conducting store closing liquidation
sales and implementing store closures as soon as possible, in each
case, with the consent of the Court.

In parallel with the Toys Delaware related events, the Company will
seek to obtain approval of an additional $60 million of funding
from its lenders, which will be funded from the escrow account to a
bank account of TRU Taj upon court approval (the "TRU Taj
Financing"). The funds will be available for two purposes: (i)
vendor support; and (ii) working capital, subject to compliance
with the terms of the additional funding, the indenture governing
TRU Taj's 11% senior secured ABL DIP notes (the "DIP Notes) and its
12% senior secured notes due 2021 (the "Prepetition Notes").  In
connection with the TRU Taj Financing, TRU Taj also received
waivers from its lenders relating to any potential insolvency
proceedings of its affiliates in Australia, France, Netherlands,
Poland, Portugal and Spain and the actual bankruptcy filing of its
affiliates in the United Kingdom.

                       Cleansing Materials

On March 15, 2018, Toys "R" Us, Inc., filed with the SEC copies of
the cleansing materials previously shared with third parties
regarding the business of the Company and its subsidiaries (the
"Cleansing Material").  The Cleansing Material includes certain
draft term sheets contemplating a plan of reorganization for the
Company and the obligors under the Prepetition Notes.

A copy of the Cleansing Material is available at:
https://is.gd/fnOkxX

                        About Toys "R" Us

Toys "R" Us, Inc., is an American toy and juvenile-products
retailer founded in 1948 and headquartered in Wayne, New Jersey, in
the New York City metropolitan area.  Merchandise is sold in 880
Toys "R" Us and Babies "R" Us stores in the United States, Puerto
Rico and Guam, and in more than 780 international stores and more
than 245 licensed stores in 37 countries and jurisdictions.
Merchandise is also sold at e-commerce sites including Toysrus.com
and Babiesrus.com.

On July 21, 2005, a consortium of Bain Capital Partners LLC,
Kohlberg Kravis Roberts and Vornado Realty Trust invested $1.3
billion to complete a $6.6 billion leveraged buyout of the
company.

Toys "R" Us is a privately owned entity but still files with the
Securities and Exchange Commission as required by its debt
agreements.

The Company's consolidated balance sheet showed $6.572 billion in
assets, $7.891 billion in liabilities, and a stockholders' deficit
of $1.319 billion as of April 29, 2017.

Toys "R" Us, Inc., and certain of its U.S. subsidiaries and its
Canadian subsidiary voluntarily filed for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Lead Case No. Case No.
17-34665) on Sept. 19, 2017.  In addition, the Company's Canadian
subsidiary voluntarily commenced parallel proceedings under the
Companies' Creditors Arrangement Act ("CCAA") in Canada in the
Ontario Superior Court of Justice.  The Company's operations
outside of the U.S. and Canada, including its 255 licensed stores
and joint venture partnership in Asia, which are separate entities,
are not part of the Chapter 11 filing and CCAA proceedings.

Grant Thornton is the monitor appointed in the CCAA case.

Judge Keith L. Phillips presides over the Chapter 11 cases.

In the Chapter 11 cases, Kirkland & Ellis LLP and Kirkland & Ellis
International LLP serve as the Debtors' legal counsel.  Kutak Rock
LLP serves as co-counsel.  Toys "R" Us employed Alvarez & Marsal
North America, LLC as its restructuring advisor; and Lazard Freres
& Co. LLC as its investment banker.  It hired Prime Clerk LLC as
claims and noticing agent.  A&G Realty Partners, LLC, serves as its
real estate advisor.

On Sept. 26, 2017, the U.S. Trustee for Region 4 appointed an
official committee of unsecured creditors.  The Committee retained
Kramer Levin Naftalis & Frankel LLP as its legal counsel; Wolcott
Rivers, P.C. as local counsel; FTI Consulting, Inc. as financial
advisor; and Moelis & Company LLC as investment banker.

                        Toys "R" Us UK

Toys "R" Us Limited, Toys "R" Us, Inc.'s UK arm with 105 stores and
3,000 employees, was sent into administration in the United Kingdom
in February 2018.

Arron Kendall and Simon Thomas of Moorfields Advisory Limited, 88
Wood Street, London, EC2V 7QF were appointed Joint Administrators
on Feb. 28, 2018.  The Administrators now manage the affairs,
business and property of the Company.  The Administrators act as
agents only and without personal liability.

The Administrators said they will make every effort to secure a
buyer for all or part of the business.


TOYS "R" US: UK Unit Unable to Find Buyer; 25 Stores Closed
-----------------------------------------------------------
The administrators of Toys "R" Us Limited in the United Kingdom
said March 14, 2018, that they were unable to find a buyer for the
105-store toy-store chain in the United Kingdom and that they have
already shut 25 stores.

Since their appointment as Joint Administrators of Toys "R" Us
Limited on Feb. 28, 2018, Simon Thomas and Arron Kendall, partners
in Moorfields Advisory Limited, have been seeking to secure a buyer
for all or part of the business.  Whilst this process has generated
some interest, unfortunately it has not been possible to secure a
sale.

The Administrators remain open to interest from potential buyers
for parts of the business, but it has been necessary to make a
total of 67 redundancies at the Company's head office in
Maidenhead.  All staff affected have been informed and will be paid
up to and including their last day of employment.

The Administrators said 25 Toys "R" Us stores have either closed in
recent days or are due to close.  These stores had been earmarked
for closure as part of the proposals put forward in the Company's
CVA which was approved in December 2017.  All other UK stores
remain open until further notice.  The closure programme for the
remaining stores is expected to take approximately six weeks to
complete with further announcements to follow.

The nationwide stock discounting programme introduced after the
Company entered Administration has been extended from yesterday.
This is the most comprehensive toy and baby product discounting
programme available to consumers in the UK. Many outdoor toys
including bikes and ride-ons are now available at 30% discounts.

Simon Thomas, Joint Administrator and Partner at Moorfields, said:
"We have made every effort to secure a buyer for all or part of the
Company's business.  This process attracted some interest, but
ultimately no party has been able to move forward with a formal bid
prior to the expiration of the stated deadline.

"It is therefore with great regret that we have made the difficult
decision to make a number of positions redundant at the Company's
head office in Maidenhead and proceed with a controlled store
closure programme.  We are grateful for the hard work of Toys "R"
Us staff during this very difficult period and will be providing
support where we can to those who have been made redundant."

"All of the remaining 75 Toys "R" Us and Babies "R" Us stores will
remain open until further notice.  We're extending the nationwide
discounting programme and would like to encourage customers to take
advantage of the special offers available in store while stock
levels remain high."

                        About Toys "R" Us

Toys "R" Us, Inc., is an American toy and juvenile-products
retailer founded in 1948 and headquartered in Wayne, New Jersey, in
the New York City metropolitan area.  Merchandise is sold in 880
Toys "R" Us and Babies "R" Us stores in the United States, Puerto
Rico and Guam, and in more than 780 international stores and more
than 245 licensed stores in 37 countries and jurisdictions.
Merchandise is also sold at e-commerce sites including Toysrus.com
and Babiesrus.com.

On July 21, 2005, a consortium of Bain Capital Partners LLC,
Kohlberg Kravis Roberts and Vornado Realty Trust invested $1.3
billion to complete a $6.6 billion leveraged buyout of the
company.

Toys "R" Us is a privately owned entity but still files with the
Securities and Exchange Commission as required by its debt
agreements.

The Company's consolidated balance sheet showed $6.572 billion in
assets, $7.891 billion in liabilities, and a stockholders' deficit
of $1.319 billion as of April 29, 2017.

Toys "R" Us, Inc., and certain of its U.S. subsidiaries and its
Canadian subsidiary voluntarily filed for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Lead Case No. Case No.
17-34665) on Sept. 19, 2017.  In addition, the Company's Canadian
subsidiary voluntarily commenced parallel proceedings under the
Companies' Creditors Arrangement Act ("CCAA") in Canada in the
Ontario Superior Court of Justice.  The Company's operations
outside of the U.S. and Canada, including its 255 licensed stores
and joint venture partnership in Asia, which are separate entities,
are not part of the Chapter 11 filing and CCAA proceedings.

Grant Thornton is the monitor appointed in the CCAA case.

Judge Keith L. Phillips presides over the Chapter 11 cases.

In the Chapter 11 cases, Kirkland & Ellis LLP and Kirkland & Ellis
International LLP serve as the Debtors' legal counsel.  Kutak Rock
LLP serves as co-counsel.  Toys "R" Us employed Alvarez & Marsal
North America, LLC as its restructuring advisor; and Lazard Freres
& Co. LLC as its investment banker.  It hired Prime Clerk LLC as
claims and noticing agent.  A&G Realty Partners, LLC, serves as its
real estate advisor.

On Sept. 26, 2017, the U.S. Trustee for Region 4 appointed an
official committee of unsecured creditors.  The Committee retained
Kramer Levin Naftalis & Frankel LLP as its legal counsel; Wolcott
Rivers, P.C. as local counsel; FTI Consulting, Inc. as financial
advisor; and Moelis & Company LLC as investment banker.

                        Toys "R" Us UK

Toys "R" Us Limited, Toys "R" Us, Inc.'s UK arm with 105 stores and
3,000 employees, was sent into administration in the United Kingdom
in February 2018.

Arron Kendall and Simon Thomas of Moorfields Advisory Limited, 88
Wood Street, London, EC2V 7QF were appointed Joint Administrators
on Feb. 28, 2018.  The Administrators now manage the affairs,
business and property of the Company.  The Administrators act as
agents only and without personal liability.

The Administrators said they will make every effort to secure a
buyer for all or part of the business.


TYLER HEALTH: Fitch Withdraws B+ Rating on 2007A Hospital Bonds
---------------------------------------------------------------
Fitch Ratings has withdrawn its ratings for the following bonds due
to prerefunding activity:

-- Tyler Health Facilities Development Corp. (TX) (East Texas
Medical Center) hospital revenue bonds series 2007A (prerefunded
maturities only - 902261HA7, 902261HB5, 902261HC3, 902261HD1,
902261HE9, 902261HF6, 902261HG4, 902261HH2, 902261HJ8) previous
rating: 'B+'/Rating Watch Negative;

-- Wood County Central Hospital District (TX) (East Texas Medical
Center Quitman Project) hospital revenue bonds series 2011
(prerefunded maturities only - 978324AA9) previous rating:
'B+'/Rating Watch Negative.


UNITED CHARTER: Wants to Use Cash Collateral
--------------------------------------------
United Charter, LLC, is asking permission from the U.S. Bankruptcy
Court for the Eastern District California for permission to use
cash collateral.  According to the Debtor, creditors EastWest Bank
and Wayne Bier assert security interests under the terms of their
prepetition loan documents. The Debtor argues that both creditors
are adequately protected by the resulting increase in future
accumulated cash collateral and the value of their real property
collateral as a result of such use.

As reported in the Troubled Company Reporter on Sept. 26, 2017, the
Court gave the Debtor permission to use cash collateral to pay for
the expenses under the Budget for the period June 1, 2017, through
Oct. 31, 2017.  The monthly total budget provides total expenses of
$7,785.  To pay this amount, the Debtor used rents collected from
its industrial warehouse property located in Stockton, California.


The Creditors having an interest in the cash collateral are given
replacement liens in the post-petition proceeds in the same
priority, validity, and extent as they existed in the cash
collateral expended, to the extent that the use of cash collateral
resulted in a reduction of a Creditor's secured claim.

At the time of the bankruptcy filing, the value of the Property
mentioned was $7,855,018. In late November, 2017, EastWest filed an
appraisal of the Property indicating that the value was only
$4,580,000. The Debtor said that EastWest's appraiser came to this
conclusion using the Income Capitalization Approach and under this
valuation, the appraiser assumed that the Property, if 94%
occupied, would be worth $5,062,013.  However since the Property
was only about 50% occupied, the "as is" market value of the
Subject Property would need to be discounted by the applicable
leasing costs incurred in reaching occupancy of 94%.

The applicable "leasing costs" EastWest's appraiser used to
discount the value of the bank's collateral included: (a) leasing
commissions of $44,385, for the first year only; (b) tenant
improvements of $41,097; and (c) rent "loss" of $295,899 over 12
months of leasing activity needed to reach 94% occupancy.  What
this meant was that to the extent that the Debtor uses cash
collateral to pay for leasing commission and tenant improvements
that raise occupancy after November 2017, EastWest's appraiser’s
opinion is that the "as is" fair market value of the Property will
increase by the amount of those expenses, all other things being
equal.

The Debtor revealed that in February 2018, it attempted to get the
consent of EastWest to use cash collateral for the new budgeted
expenses. While EastWest did agreed to such use, the agreement was
conditioned upon the Debtor turning over to EastWest all net rents
as "adequate protection".

The Debtor however argued that it does not believe it is required
to turnover "net rents" to EastWest for these reasons: (1) the
Court did not expressly require such turnover at the time it
previously authorized the Debtor to use cash collateral; (2) the
Debtor’s use clearly preserves and increases the aggregate value
of both EastWest’s real property and cash collateral; (3) the
largest item of request use, which is $53,435 for property taxes,
constitutes a secured claim that is senior to EastWest and Wayne
Bier and, as such, its payment does not at all diminish their
secured claim; and (4) the feasibility of the Debtor's proposed
plan requires continued leasing efforts and, necessarily, the
incurring of additional brokerage commissions which may become due
within the next couple of months.

A full-text copy of the motion can be viewed at:

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

                     About United Charter

United Charter LLC, owner of certain properties in Stockton,
California, filed a Chapter 11 petition (Bankr. E.D. Cal. Case No.
17-22347) on April 7, 2017.  In the petition signed by Raymond
Zhang, managing member., the Debtor estimated assets and
liabilities ranging from $1 million to $10 million.  The case is
assigned to Judge Ronald H. Sargis.  The Debtor is represented by
Jeffrey J. Goodrich, Esq., at Goodrich & Associates.  


US STEEL: Moody's Assigns B2 Sr. Unsecured Bonds Rating
-------------------------------------------------------
Moody's Investors Service assigned a B2 rating to United States
Steel Corporation's senior unsecured notes due in March 2026, which
are being issued under the company's shelf registration rated (P)B2
for senior unsecured debt. All other ratings, including the
speculative grade liquidity rating, remain unchanged. Proceeds,
together with cash on hand, are being used to redeem the 8.375%
senior secured notes due in 2021. The Ba2 rating on the senior
secured notes will be withdrawn upon repayment. The outlook is
stable.

Assignments:

Issuer: United States Steel Corporation

-- Senior Unsecured Regular Bond/Debenture, Assigned B2 (LGD4)

RATINGS RATIONALE

The B1 Corporate Family Rating (CFR) reflects U. S. Steel's
improving earnings performance in 2017, strengthened debt
protection measures and reduced leverage. Leverage, as measured by
the debt/EBITDA ratio (including Moody's standard adjustments),
improved to 3.1x at December 31, 2017 from 7.5x the prior year.
"The company's continued focus on debt reduction in combination
with a material improvement in EBITDA contributed to the overall
improvement in leverage" said Carol Cowan, Senior Vice President.

The company evidenced significant improvement in its earnings and
cash flow from operations in 2017, in particular in the flat rolled
segment on higher steel prices and improved utilization levels
despite cost creep while the tubular segment also showed good
improvement from the high level of losses incurred in 2016 and was
roughly EBIT breakeven in the fourth quarter of 2017. U. S. Steel
Europe continued to provide a strong contribution on improved
fundamentals in the European steel markets although costs there
have also experienced an upward bias. In addition, U. S. Steel
continued its liability management initiatives in 2017 that reduced
its debt levels by approximately $330 million, including $200
million repaid on its senior secured notes. Improved productivity
and efficiency gains also contributed to earnings growth despite
higher raw material costs and increased maintenance & outage costs
due to its asset revitalization program. Reflective of these
actions, leverage ratio, as measured by adjusted debt/EBITDA is
expected to remain below 4.0x and debt protection metrics above
2.0x over the next 12-18 months, an appropriate level for the B1
rating.

Operating performance benefitted from higher steel prices across
all businesses, in particular the flat-rolled segment that
generated $380 million in earnings, versus a segment loss of $3
million in 2016, despite lower shipments during the year. Shipments
across all other segments increased in 2017. The Tubular segment,
although it showed a good turn-around in 2017 as growing drilling
rig counts and improved prices helped reduce segment losses to $99
million in 2017 compared to a loss of $304 million in 2016, remains
a challenged segment. The company's rating favorably views its
position as a leading North American flat-rolled steel producer
whose footprint is further enhanced by its diversification in
Central Europe. The rating also benefits from the company's good
liquidity profile and long dated maturity profile following the
repayment of the notes due in 2021.

The stable outlook reflects Moody's view that fundamentals for the
US steel industry will remain favorable in 2018 with continued
improvement in commercial construction, the OCTG markets, the
industrial and machinery markets and continued strength in the
automotive market, although this has peaked from the highs seen in
recent years. While prices are likely to continue to experience
volatility, the degree is not anticipated to mirror that seen in
years prior to 2017. Although cost creep is also anticipated, the
outlook incorporates Moody's expectation that U. S. Steel will be
able to maintain earnings and credit metrics commensurate with its
B1 rating in 2018 and a good cash flow generation that will
continue to support its asset revitalization program and increasing
investment in the Tubular and European businesses. There remain a
number of event drivers, such as the Section 232 review and other
trade cases pending that will impact the US steel industry and U.
S. Steel's performance.

U. S. Steel's ratings could be upgraded should the company
demonstrate the ability to sustain its leverage, as measured by the
debt/EBITDA ratio, at no more than 3.75x and EBIT/interest at more
than 3x while continuing to maintain a solid liquidity position and
successfully executing on the asset revitalization program. The
ratings could be downgraded if EBIT/interest is sustained below
1.5x and leverage returns to 4.5x or greater. Ratings could also be
downgraded should liquidity contract meaningfully or if market
conditions reverse or deteriorate from current more favorable
conditions.

The SGL-1 speculative grade liquidity rating reflects the company's
solid cash position of approximately $1.6 billion at December 31,
2017 and availability under its $1.5 billion asset based revolving
credit facility (ABL). Moody's believe that availability at
December 31, 2017 exceeded the facility size as the level of
receivables and inventory as calculated under the borrowing base
provided improved collateral levels. The facility requires the
company to maintain a 1:1 fixed charge coverage ratio should
availability be less than $150 million and the company is expected
to remain in compliance. The facility matures February 26, 2023 but
can be accelerated 45 days prior to the maturity of any senior debt
outstanding if certain liquidity conditions are not met.

U. S. Steel also has a Euro 200 million unsecured credit facility
(no borrowings) at its USSK subsidiary in Europe, which expires in
July 2021 and other smaller facilities at USSK.

STRUCTURAL CONSIDERATIONS

The B2 rating on the senior unsecured notes reflects their
effective subordination relative to the secured ABL and priority
payables.

PROFILE

Headquartered in Pittsburgh, Pennsylvania, United States Steel
Corporation is the second largest flat-rolled steel producer in the
US in terms of production capacity. The company manufactures and
sells a wide variety of steel sheet, tubular, and tin products
across a broad array of industries, including service centers,
transportation, appliance, construction, containers, and oil, gas
and petrochemicals. Through its major production operations in
North America and Central Europe, U. S. Steel has a combined annual
raw steel capacity of approximately 22 million tons (US -17
million, Europe -- 5 million). Revenues for the twelve months ended
December 31, 2017 were $12.25 billion.


VERMILLION INC: Incurs $11.4 Million Net Loss in 2017
-----------------------------------------------------
Vermillion, Inc., filed with the Securities and Exchange Commission
its annual report on Form 10-K reporting a net loss attributable to
common stockholders of $11.43 million on $3.12 million of total
revenue for the year ended Dec. 31, 2017, compared to a net loss
attributable to common stockholders of $14.96 million on $2.64
million of total revenue for the year ended Dec. 31, 2016.

As of Dec. 31, 2017, Vermillion had $7.49 million in total assets,
$4.09 million in total liabilities and $3.40 million in total
stockholders' equity.

Total revenue in the fourth quarter of 2017 was $798,000 compared
to $805,000 in the same year-ago quarter.

Net loss for the fourth quarter of 2017 was $2.96 million as
compared to a net loss of $2.84 million in the same year-ago
quarter.

Cash and cash equivalents at Dec. 31, 2017 were $5.5 million.  The
Company utilized $2.2 million in cash in the fourth quarter of
2017.

Valerie Palmieri, president and CEO, stated, "2017 represented a
watershed year for Vermillion.  The Vermillion team delivered on
our stated goals for 2017 by converting negative payer policies to
positive policies, increasing overall payer coverage by 56% year on
year (as of February 1, 2018) including one National Carrier and
coupling this with a 4-fold increase in CMS pricing for OVA1 to
$897 through the PAMA process.  Now that we have these core
foundation blocks in place we are poised to invest in growth
drivers including direct and indirect sales channels."  

BDO USA, LLP, in Austin, Texas, issued a "going concern" opinion in
its report on the consolidated financial statements for the year
ended Dec. 31, 2017, citing that the Company has suffered recurring
losses from operations and has net cash flows deficiencies that
raise substantial doubt about its ability to continue as a going
concern.

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

                      https://is.gd/j7BrAx

                        About Vermillion

Headquartered in Austin, Texas, Vermillion, Inc. --
http://www.vermillion.com/-- is dedicated to the discovery,
development and commercialization of novel high-value diagnostic
tests that help physicians diagnose, treat and improve outcomes for
patients.  Vermillion, along with its prestigious scientific
collaborators, discovers, develops, and delivers innovative
diagnostic and technology tools that help women with serious
diseases.


VINCENT WALCH: Has $80K Offer for 2015 Peterbilt Model 389
----------------------------------------------------------
Vincent J. Walch and Alexis L. Watch ask the U.S. Bankruptcy Court
for the Central District of Illinois to authorize the private sale
of 2015 Peterbilt Model 389 to Charles W. Herrmann, Inc., for
$80,000, subject to higher and better bids.

At the time of filing their petition, the Debtors owned a 2015
Peterbiit Model 389 valued at $90,000 by the Debtors.  There is a
lien on the 2015 Peterbilt Model 389 with Brown County State Bank
in the amount of $116,315.

The Debtors have received an offer to purchase the 2015 Peterbilt
Model 389 from the Buyer of Raymond, Illinois for $80,000.  They
believe it is in the best interest of creditors and the bankruptcy
estate that the 2015 Peterbilt Model 389 be sold for $$80,000 as
the vehicle is not necessary for an effective reorganization.  They
deem a private sale is beneficial to the estate to eliminate costs
of a public sale.  All costs and expenses resulting from the sale
will be paid first from the proceeds of the sale.

The Debtors believe the offer is the best offer they can receive
and recommend that this offer be accepted unless higher and better
bids are received on or before objection date of March 28, 2018.
Brown County State Bank has agreed to accept $80,000 for the
purchase of the 2015 Peterbilt Modei 389.

Any objections to the Motion or higher bids that are filed with the
Court within the objection period will be heard in front of Judge
Mary P. Gorman at the U.S. Bankruptcy Court, US Courthouse, Room
232, 600 E Monroe St., Springfield, Illinois.  The 23-day objection
period pursuant to the Motion will expire on March 28, 2018.

Vincent J. Walch and Alexis L. Walch filed a Chapter 11 petition
(Bankr. C.D. Ill. Case No. 17-70467) on March 27, 2017, and are
represented by Douglas Antonik, Esq.


VISUAL HEALTH: Can Use Cash Collateral Until April 30
-----------------------------------------------------
The Hon. Elizabeth E. Brown of the U.S. U.S. Bankruptcy Court for
the District of Colorado gave Visual Health Solutions, Inc.
authority to use cash collateral until April 30, 2018.

As reported in the Troubled Company Reporter on March 7, 2018, the
Debtor had asked the Court for a two month extension of the use of
cash collateral pursuant to the Budget on the same general terms
and conditions set forth in the Continued Use Order.

The Court also ordered that the use of cash collateral will
automatically renew for an additional month to May 31, 2018.
Secured creditors who have a lien on the cash collateral are given
until April 10, 2018, to file an objection on the automatic
extension.

Further, the Court gave CoBiz Bank, d/b/a Colorado Business Bank,
replacement lien and security interest on the Debtor's postpetition
assets having the same priority and validity as the CoBiz Bank's
prepetition lines to the extent that the Debtor's postpetition use
of the proceeds of the CoBiz Bank's prepetition collateral result
in a diminution of the secured claim.

To the extent that the adequate protection liens prove to be
insufficient, CoBiz Bank will be granted super priority
administrative expense claims under Section 507(b) of the
Bankruptcy Code.  Under the approved order, the Debtor will pay
CoBiz Bank $8,000 per month.

The Court also allowed the Debtor to extend use of cash collateral
for an extra two months beginning June 1, 2018, on the same terms
with a fourteen days notice with opportunity for a hearing provided
to the U.S. Trustee and any parties that may have a security
interest in the cash collateral. As part of the extension, the
Debtor will provide a new budget for any additional monthly
periods.

A copy of the Order can be viewed at:

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

                 About Visual Health Solutions

Headquartered in Fort Collins, Colorado, Visual Health Solutions,
Inc. -- http://www.visualhealthsolutions.com/-- creates multimedia
content, including medical animations, medical illustrations, and
interactive graphics for the healthcare industry. Visual Health
Solutions' multimedia medical library content includes 3D medical
animations, medical device animations, pharmaceutical MOA
animations, multimedia programs, medical illustrations, and
interactive anatomy models.  Visual Health partners with hospitals
to create new patient education content and pharmaceutical
companies to assist with sales training and product launch or
development.

Visual Health Solutions filed for Chapter 11 bankruptcy protection
(Bankr. D. Colo. Case No. 17-18643) on Sept. 18, 2017.  In the
petition signed by CEO Paul Baker, the Debtor estimated assets
between $100,000 and $500,000 and liabilities between $1 million
and $10 million.  

Judge Elizabeth E. Brown presides over the case.

Aaron A Garber, Esq., at Buechler & Garber, LLC, serves as the
Debtor's bankruptcy counsel to the Debtor.  Weinman & Associates,
is the Debtor's special investigation counsel.


WALKING CO: Seeks Court Approval to Employ OCPs
-----------------------------------------------
The Walking Company Holdings, Inc., has filed a motion seeking
approval from the U.S. Bankruptcy Court for the District of
Delaware to hire professionals used in the ordinary course of
business.

The request, if granted, would allow the company and its affiliates
to hire "ordinary course professionals" without filing separate
employment applications.

The ordinary course professionals are:

     Professionals                     Services Provided
     -------------                     -----------------
HCVT LLP                               CPA-Taxes
Decker Farrell & McCoy                 401k Auditors
Singerlewak                            Financial auditors
Ballard Rosenberg Golper & Sanity LLP  Legal Services  
Cislo & Thomas LLP                     Legal Services

Walking Company also seeks approval to pay, without formal
application to the court, 100% of the fees and expenses of each OCP
upon submission to, and approval by, the company of an appropriate
billing statement.

                    About The Walking Company

The Walking Company is the leading national specialty retailer of
high-quality, technically designed comfort footwear and
accessories, and offers a selection of premium comfort brands
including ABEO, Dansko, ECCO, Taos, and more.  The Walking Company
operates 208 stores in premium malls across the nation and the
company's website http://www.thewalkingcompany.com/

On March 6, 2018, The Walking Company Holdings, Inc., along with
affiliates The Walking Company, Big Dog USA, Inc., and FootStmart,
Inc., filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. D. Del. Lead Case No.
18-10474).  The cases are pending joint administration before the
Honorable Laurie Selber Silverstein.

Pachulski Stang Ziehl & Jones LLP is the Debtors' counsel.

Consensus Advisory Services LLC is the financial advisor.  Kurtzman
Carson Consultants LLC is the claims and noticing agent.

Choate, Hall & Stewart LLP, led by Kevin J. Simard, Esq., and
Womble Bond Dickinson, led by Matthew P. Ward, Esq., serve as
counsel to the DIP Agent, DIP Term Agent, the Prepetition Senior
Agent, and the Prepetition Term Agent.

Irell & Manella LLP, led by Jeffrey M. Reisner, Esq., is counsel to
the Prepetition Subordinated Creditors.


WALL STREET THEATER: Needs Cash Collateral to Post Security Deposit
-------------------------------------------------------------------
Wall Street Theater Company, Inc., Wall Street Master Landlord,
LLC, and Wall Street Managing Member, LLC, seek authorization from
the U.S. Bankruptcy Court for the District of Connecticut to use up
to $7,950 of cash collateral to place security deposits with
Eversource, in addition to those usages permitted in accordance
with the Court's Second Interim Order.

On March 2, 2018, the Court entered the Second Interim Order
authorizing Debtors to use cash collateral on an interim basis in
accordance with the budget attached thereto.  Thereafter, the
Debtors informed their undersigned counsel that a utility provider,
Eversource, was requiring deposits for continued use of electrical
and gas service.  Utility providers are permitted a reasonable
security deposit for assurance of future performance.  As these
expenses were not known at the time, they were not included in the
Budget approved by the Court in the Second Interim Order.

Eversource has requested security deposits of: (a) $2,415 with
respect to gas services at the Property and (b) $5,535 with respect
to electrical services at the Property.  Accordingly, the Debtors
seek permission to use cash collateral to post the required
security deposits.

The Debtor asserts that the interests of Patriot Bank, N.A., are
adequately protected as set forth in the Second Interim Order.  The
Debtor believes that there is little possibility that the use of
this small sum would impact the security position of Patriot Bank
in any meaningful way.  Moreover, the Debtor's counsel has inquired
as to Patriot Bank's consent to the supplemental use of cash
collateral, and Patriot has consented to the same.

Without authorization to use cash collateral to place the Security
Deposits, Eversource will disconnect gas and electrical services
rendering Debtors completely unable to operate at the Property,
thereby causing irreparable harm to Debtors.

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

            http://bankrupt.com/misc/ctb18-50132-79.pdf

                   About The Wall Street Theater

The Wall Street Theater, listed in the National Register of
Historic Places, has re-emerged as a 501c3 non-profit organization,
whose mission is to provide diverse programming and promote arts
education, thereby enriching the cultural life of the greater
Norwalk community.  The Wall Street Theater --
https://www.wallstreettheater.com/ -- adopts its moniker from its
location and its mission from its history, combining live shows,
interactive entertainment, cinema, digital production, art space
and a community arena in which to play.  

Wall Street Theater Company, Inc., and affiliates Wall Street
Master Landlord, LLC and Wall Street Managing Member, LLC filed
Chapter 11 petitions (Bankr. D. Conn. Lead Case No. 18-50132) on
Feb. 4, 2018.

In the petitions signed by Suzanne Cahill, president, the WS
Theater Company and WS Master Landlord had $1 million to $10
million in assets and $10 million to $50 million in liabilities
while WS Managing Member disclosed less than $50,000 in assets and
$10 million to $50 million in liabilities.

Judge Julie A. Manning is the case judge.

The Debtor tapped Green & Sklarz, LLC, as its legal counsel, and
R.J. Reuter, LLC, as its financial advisor.


WEATHERFORD INTERNATIONAL: Appoints New Member to Board
-------------------------------------------------------
Weatherford International plc has appointed Angela A. Minas to
serve as a member of the Board of Directors, effective March 12,
2018.

Ms. Minas has more than 30 years of financial, management
consulting and executive leadership experience in the energy sector
having served as the chief financial officer of DCP Midstream
Partners LP and Constellation Energy Partners LLC as well as lead
partner for Arthur Andersen's North American oil and gas consulting
practice.  She has also served on the boards of multiple public
companies including as audit committee chair.  She currently serves
on the Council of Overseers at the Rice University Graduate
Business School.  As a member of the Weatherford Board of
Directors, she will serve on the Audit Committee and Health, Safety
and Environment Committee.

"Angela's extensive experience in the energy industry, as well as
her deep knowledge of finance and accounting, consulting and
business transformation, makes her a strong addition to the
Weatherford Board," said Mark A. McCollum, president and chief
executive officer.  "Her passion, integrity and insight will be
especially valuable as we press forward with our Company's
transformation."

In connection with her appointment to the Board, Ms. Minas will
receive the Company's standard compensatory arrangements for
non-employee directors.  Ms. Minas will also enter into the
standard director indemnification agreement with the Company and
one of its primary subsidiaries, the forms of which have been
previously filed with the SEC.

                        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.


WESTMORELAND COAL: Tightens 2017 EBITDA & Free Cash Flow Guidance
-----------------------------------------------------------------
Westmoreland Coal Company stated that it expects 2017 adjusted
EBITDA to be near the high end of its previously issued range of
$250 to $270 million and for free cash flow to be in the middle of
the previously issued guidance range of $90 to $115 million.

"Our team remained focused on operations and ensured we met our
adjusted EBITDA and free cash flow expectations for the year," said
Michael Hutchinson, interim chief executive officer.  "As we
entered 2018, we reassessed our Coal Valley strategy and seized the
opportunity to lock in favorable economics.  On the strength of
Newcastle pricing, we secured positive Coal Valley EBITDA and cash
flow for 2018 through locked-in offtake commitments and secured
rail and port contracts for the large majority of our production
this year."

Gary Kohn, chief financial officer, commenting on the capital
structure activities noted, "While our efforts on both the MLP and
San Juan debt continue, we are now diligently working on the next
step in our capital structure improvement process: a holistic
solution for all of Westmoreland.  Accordingly, we have engaged
advisers, Alvarez & Marsal and Centerview Partners, to assist us in
the evaluation of all options available to us to improve our
overall balance sheet health."

                    About Westmoreland Coal

Based in Englewood, Colorado, Westmoreland Coal Company --
http://www.westmoreland.com/-- is an independent coal company in
the United States.  Westmoreland's coal operations include surface
coal mines in the United States and Canada, underground coal mines
in Ohio and New Mexico, a char production facility, and a 50%
interest in an activated carbon plant.  Westmoreland also owns the
general partner of and a majority interest in Westmoreland Resource
Partners, LP, a publicly-traded coal master limited partnership
(NYSE:WMLP).

Westmoreland Coal reported a net loss of $28.87 million in 2016, a
net loss of $219.1 million in 2015 and a net loss of $176.7 million
in 2014.  As of Sept. 30, 2017, Westmoreland Coal had $1.43 billion
in total assets, $2.20 billion in total liabilities and a total
deficit of $774.1 million.

                         *     *     *

As reported by the TCR on March 2, 2016, Moody's Investors Service
downgraded the ratings of Westmoreland, including its corporate
family rating to 'Caa1' from 'B3'.  The downgrade reflects Moody's
expectation that the Company's leverage metrics and cash flow
generation will continue to be under stress due to the headwinds
facing the coal industry.

In March 2018, S&P Global Ratings lowered its issuer credit rating
on Westmoreland Coal Co. to 'CCC-' from 'CCC' and placed all of its
ratings on the company on CreditWatch with negative implications.
"The rating downgrade reflects our view that Westmoreland Coal Co.
(WLB) could breach its fixed charge coverage in the next three to
six months.  This would cause a cross default with its term loan
and senior notes that would become immediately due.  Westmoreland
has a $321 million term loan that matures in December 2020, and
$350 million of senior secured notes that mature in January 2022,"
S&P said, according to a TCR report dated March 13, 2018.


WESTMORELAND COAL: Will Hold its Annual Meeting on Aug. 31
----------------------------------------------------------
Westmoreland Coal Company's Board of Directors has determined that
the Company's annual meeting of stockholders for 2018 will be held
on Friday, Aug. 31, 2018, at 8:30 a.m., Mountain Daylight Time in a
virtual shareholder meeting format.  The Board has established the
close of business on June 29, 2018 as the record date for the
determination of stockholders who are entitled to notice of, and to
vote at, the Annual Meeting and any adjournments or postponements
thereof.

Because the Annual Meeting will be held more than 30 days from the
anniversary date of the Company's last annual meeting of
stockholders, the deadlines for stockholder proposals and director
nominations for consideration at the Annual Meeting set forth in
the Company's definitive proxy statement filed with the Securities
and Exchange Commission on March 31, 2017 no longer apply.  If a
stockholder of the Company intends to nominate a person for
election to the Board of Directors of the Company pursuant to the
Company's proxy access bylaw or to propose other business for
consideration at the Annual Meeting, including any proposal made
pursuant to Rule 14a-8 under the Securities Exchange Act of 1934,
as amended, the deadline for submitting the notice of such
nomination or stockholder proposal, is the close of business on
June 4, 2018.  Any notice should be delivered to 9540 South Maroon
Circle, Suite 300, Englewood, Colorado 80112, Attention: Corporate
Secretary.  Any stockholder proposal or director nomination
received after June 4, 2018 will be considered untimely and will
not be included in the Company's proxy materials for the Annual
Meeting nor will it be considered at the Annual Meeting.  Any
stockholder proposal or director nomination must also comply with
the requirements of Delaware law, the rules and regulations
promulgated by the Securities and Exchange Commission and the
Company's By-Laws, as applicable.

                   About Westmoreland Coal Company

Based in Englewood, Colorado, Westmoreland Coal Company --
http://www.westmoreland.com/-- is an independent coal company in
the United States.  Westmoreland's coal operations include surface
coal mines in the United States and Canada, underground coal mines
in Ohio and New Mexico, a char production facility, and a 50%
interest in an activated carbon plant.  Westmoreland also owns the
general partner of and a majority interest in Westmoreland Resource
Partners, LP, a publicly-traded coal master limited partnership
(NYSE:WMLP).

Westmoreland Coal reported a net loss of $28.87 million in 2016, a
net loss of $219.1 million in 2015 and a net loss of $176.7 million
in 2014.  As of Sept. 30, 2017, Westmoreland Coal had $1.43 billion
in total assets, $2.20 billion in total liabilities and a total
deficit of $774.1 million.

                         *     *     *

As reported by the TCR on March 2, 2016, Moody's Investors Service
downgraded the ratings of Westmoreland, including its corporate
family rating to 'Caa1' from 'B3'.  The downgrade reflects Moody's
expectation that the Company's leverage metrics and cash flow
generation will continue to be under stress due to the headwinds
facing the coal industry.

In March 2018, S&P Global Ratings lowered its issuer credit rating
on Westmoreland Coal Co. to 'CCC-' from 'CCC' and placed all of its
ratings on the company on CreditWatch with negative implications.
"The rating downgrade reflects our view that Westmoreland Coal Co.
(WLB) could breach its fixed charge coverage in the next three to
six months.  This would cause a cross default with its term loan
and senior notes that would become immediately due.  Westmoreland
has a $321 million term loan that matures in December 2020, and
$350 million of senior secured notes that mature in January 2022,"
S&P said, according to a TCR report dated March 13, 2018.


WHAA LLC: $844K Sale of Property to Joel's Automotive Okayed
------------------------------------------------------------
Judge Mark S. Wallace of the U.S. Bankruptcy Court for the Central
District of California authorized WHAA, LLC's sale of the
commercial property located at 5512-A Arrow Hwy, Montclair,
California to Joel's Automotive, Inc., or its assignee for
$844,000.

A hearing on the Motion was held on Feb. 27, 2018 at 2:00 p.m.

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

The Debtor is authorized to pay (i) the commissions described in
the Memorandum of Points and Authorities at the close of escrow;
(ii) all liens, claims and interests on and against the Property;
(iii) the real property taxes, plus interest, owed on the Property;
(iv) the amount owed to the Arrow Highway Building Owner's
Association and the San Bernardino County Treasurer and Tax
Collector out of escrow; and (v) all usual and customary escrow and
closing and recording costs generally attributable to a seller of
real property, if any, at the close of escrow.

The Debtor is authorized to hold that portion of the sale proceeds
attributable to disputed claims of exemption, liens and
encumbrances, if any, pending further orders of the Court.  Any
disputed liens, claims or interests or portions of liens, claims
and interests still unpaid at the close of escrow, if any, will be
transferred and will attach to the net proceeds of the sale of the
Property with the same force, effect, validity and priority that
any and all such Liens, Claims and Interests had with respect to
the Property.

All holders of the liens and encumbrances are ordered to execute
any and all documentation that may be required to allow escrow to
close and to fund payment of all Liens, Claims and Interests.

The Debtor is ordered to deposit the remaining funds into the
Debtor's DIP account.

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

                         About Whaa LLC

Whaa LLC is the fee simple owner of a commercial building located
at 5494 E. Arrow Highway, Montclair, California, valued at
$975,000.  It also has a fee simple interest in an industrial
commercial property located at 5512 Arrow Highway, Montclair, with
a current value of $975,000.  

Biodata Medical Laboratories, Inc., an affiliate, sought bankruptcy
protection (Bankr. C.D. Cal. Case No. 16-20446) on Nov. 28, 2016.

Whaa LLC sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. C.D. Cal. Case No. 17-14661) on June 2, 2017.  Henry
Wallach, managing member, signed the petition.  At the time of the
filing, the Debtor disclosed $2.01 million in assets and $1.36
million in liabilities.  Judge Mark S. Wallace presides over the
case.  The Law Offices of Margarit Kazaryan serves as bankruptcy
counsel to the Debtor.


WILLIAM LOHMAN: K&S Buying 1998 Kenworth T800 Tractor for $131K
---------------------------------------------------------------
William M. Lohman asks the U.S. Bankruptcy Court for the District
of North Dakota to authorize the sale of 1998 Kenworth T800 Semi
Tractor, VIN 1NKDL29X8WJ74906, to K&S Transport, LLC, for
$131,000.

The Debtor determined it is in his best interest to sell the truck.
By a separately filed motion, the Debtor has requested expedited
relief on the Motion as the proposed Buyer needs to put the truck
to work as soon as possible.  If so granted, the Debtors will serve
interested parties with notice of time, date and place of hearing.

The sale price is indicative of its current fair market value and
this person-person transaction avoids the costs of sale via
publication or auction.  First Western Bank and Trust, the lender
with a lien against the 1998 Kenworth, has also consented to the
sale price.

The total amount of liens against the 1998 Kenworth are held by
First Western Bank and Trust and have an estimated balance in
excess of $200,000.  The Debtor will pay all gross proceeds of the
sales of the Kenworth to First Western State Bank for application
to the Debtor's loan balance.

As provided for in the confirmed Chapter 11 plan, any remaining
balance owed to First Western Bank & Trust will be treated as an
unsecured claim in Class 12.

A Debtor in possession may sell property free of liens and
encumbrances pursuant to 11 U.S.C. Section 363(f), where the
lienholders consent to the sale or can be compelled to accept a
money satisfaction of its interest.  First Western Bank consented
to the sale and has received the proposed sale amount from the
Buyer.

William M. Lohman sought Chapter 11 protection (Bankr. D.N.D. Case
No. 16-30175) on April 14, 2016.  The Debtor tapped Sara Diaz,
Esq., at Bulie Law Office as counsel.  The Debtor estimated assets
in the range of $100,001 to $500,000 and $1,000,001 to $10 million
in debt.  The Debtor's First Modified Chapter 11 Plan and Addendum
was confirmed by Order of this Court on April 19, 2017.


XG SECURITY: Seeks Authorization on Cash Collateral Use
-------------------------------------------------------
XG Security, LLC, seeks authorization from the U.S. Bankruptcy
Court for the Eastern District of Michigan to use cash collateral.

The Debtor anticipates that it may need as much $292,440 per month
to operate its business, including the cost of sales, in accordance
with the Debtor's monthly 90 day budget.

The Debtor is in immediate need to use post-petition revenues to
pay wages, purchase equipment, taxes, and other expenses incurred
in the ordinary course of business.  For the Debtor to continue
operating business in a normal and uninterrupted manner, providing
products and services to its customers and employment for its
employees, the Debtor must be permitted to use the cash proceeds of
the Debtor's accounts, which are subject to the liens of Capital
Stack, LLC.

Because the Debtor uses cash generated by sales to pay for
replacement inventory, rents, utilities, wages, insurance, and
supplies, and Debtor does not otherwise have adequate funds to pay
for such expenses, Debtor will be immediately and irreparably
harmed if it is not able to use cash collateral.

There is one party that has an interest in cash collateral -
Capital Stack, LLC. As of the Petition Date, the principal amount
alleged owed to Capital Stack was approximately $321,872. Capital
Stack claims a lien in "all assets of the Debtor, now existing and
hereafter arising, wherever located."

No creditor other than Capital Stack holds a recorded or perfected
security interest or lien in cash collateral.

The Debtor asserts that adequate protection to Capital Stack lies
in the value of the Debtor's equipment, inventory, and receivables.
The Debtor proposes to provide adequate protection by a continued
lien in the, equipment, inventory, and receivables of Debtor,
preserving the value of the collateral subject to lien without
further depreciation, or the cash equivalent on account, and
thereby maintaining a cash value of personal property, inventory,
supplies, and cash of $100,000.

The Debtor believes that its property -- consisting of used office
equipment, equipment inventory, and receivables -- are not likely
to decrease in value. However, to the extent that receivables
should be paid down less than $25,000, the Debtor agrees to
maintain cash accounts and receivables in a balance of not less
than $25,000.

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

         http://bankrupt.com/misc/mieb18-42748-12.pdf

                        About XG Security

XG Security, LLC, is a Michigan corporation incorporated on
November 7, 2013, which does business under its corporate name and
XG Security. Its principal place of business is in Taylor,
Michigan, where it has offices and operations.

XG Security, LLC, filed a voluntary petition under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Mich. Case No. 18-42748) on March
1, 2018.

XG Security is represented by:

        Don Darnell, Esq.
        7926 Ann Arbor St.
        Dexter, Michigan 48130
        Phone: 734-424-5200
        E-mail: dondarnell@darnell-law.com


YIELD10 BIOSCIENCE: Posts $10.8 Million Net Loss in 2017
--------------------------------------------------------
Yield10 Bioscience, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K reporting a net loss
applicable to common shareholders of $10.82 million on $944,000 of
total revenue for the year ended Dec. 31, 2017, compared to a net
loss applicable to common shareholders of $7.60 million on $1.15
million of total revenue for the year ended Dec. 31, 2016.

For the three months ended Dec. 31, 2017, the Company reported a
net loss attributable to common shareholders of $3.97 million on
$104,000 of total revenue compared to a net loss attributable to
common shareholders of $1.93 million on $341,000 of total revenue
for the same period a year ago.

As of Dec. 31, 2017, Yield10 Bioscience had $16.88 million in total
assets, $3.38 million in total liabilities and $13.50 million in
total stockholders' equity.

"In 2017, our team delivered a series of achievements reflecting
our commitment to build Yield10 into a leader in agricultural
innovation based on the development of novel crop yield traits,"
said Oliver P. Peoples, Ph.D., president and chief executive
officer of Yield10.  "Recent highlights among our achievements for
the year include the completion of successful field tests for our
novel yield trait gene C3003 in Canada; signing a research license
with Monsanto Company for evaluation of C3003 in soybean; designing
new pathways for oil biosynthesis using genome editing technology
in oilseed crops; and strengthening our balance sheet following the
completion of a public offering in December."

"We expect the momentum to continue in 2018, as permitting is
currently underway for field tests of C3003 planned to begin at
sites in Canada in the second quarter.  These field tests are
designed to evaluate versions of C3003 in Camelina, canola and
soybean.  We seek to advance research around traits and
combinations of traits accessible through genome editing as an
innovative approach to boosting oil content in specialty oilseed
crops.  Yield10 also plans to make further investments in our
technology platform and capabilities to drive new discoveries and
identification of novel traits and trait stacks to improve crop
performance.  We will also focus on signing licenses and
establishing collaborations with industry players to expand the
evaluation of our traits in food and feed crops."

                      Recent Highlights

     Non-Exclusive Research License with Monsanto Company

In December 2017, Yield10 announced that it has granted a
non-exclusive research license to Monsanto Company to evaluate its
novel C3003 and C3004 yield traits in soybean.  Under the license,
Monsanto plans to research both traits within its soybean pipeline
as a strategy to improve plant yields.  Derived from algae, C3003
represents the lead plant trait in Yield10's portfolio of traits in
development.  C3004, another trait, is believed to play a role in
carbon partitioning.  Monsanto plans to conduct research with C3003
and C3004 individually and in combination to evaluate the
effectiveness of this trait stack.

            December 2017 Underwritten Public Offering

On Dec. 21, 2017, the Company announced the closing of an
underwritten public offering, with net proceeds of approximately
$13.1 million after deducting underwriting discounts and
commissions and other estimated offering expenses, including full
exercise of the underwriters' overallotment option.  In the
transaction, the Company issued and sold 4,667,000 Class A Units,
priced at $2.25 per unit, with each unit consisting of one share of
common stock; a five-year warrant to purchase one share of common
stock at an exercise price of $2.25 per share; a nine-month warrant
to purchase 0.5 share of common stock at an exercise price of $2.25
per share; and 3,987 Class B Units, priced at $1,000 per unit, with
each unit consisting of one share of Series A preferred stock
convertible into 445 shares of common stock at a conversion price
of $2.25; five-year warrants to purchase 445 shares of common stock
with an exercise price of $2.25 per share; and nine-month warrants
to purchase 223 shares of common stock with an exercise price of
$2.25 per share.

As of March 5, 2018, holders of 3,879 (97%) shares out of the 3,987
initially issued shares of Series A preferred stock have elected to
convert their shares into 1,724,000 shares of common stock.
Following such conversions, 9,865,355 shares of common stock and
108 (3%) shares of Series A preferred stock remain outstanding.

        Full Year and Fourth Quarter 2017 Financial Overview

Yield10 Bioscience is managed with an emphasis on cash flow and
deploys its financial resources in a disciplined manner to achieve
its key strategic objectives.  The Company ended 2017 with $14.5
million in unrestricted cash and cash equivalents.  The Company's
net cash used in operating activities during 2017 was $8.2 million,
which was a decrease of $6.2 million from the $14.4 million used
for operating activities during 2016.  The decrease in net cash
used for operating activities during the year ended Dec. 31, 2017
was primarily a result of the Company's strategic decision to
discontinue its biopolymer operations and initiate a strategic
restructuring during the third quarter of 2016.  The restructuring
included a significant reduction in the Company's workforce,
termination of long-term biopolymer manufacturing agreements and a
general reduction in operating costs across many categories related
to the former biopolymer operations.  During 2017, the Company
experienced a full year of cost reductions associated with the
restructuring, partially offset by certain restructuring payments
that carried over into 2017, such as manufacturing contract
termination costs and employee severance.

The Company anticipates net cash usage of approximately $8.5
million to $9.0 million during 2018, including anticipated payments
of $0.5 million during the first half of 2018 for final
restructuring costs. During the three months ended Dec. 31, 2017,
the Company completed a public offering of its securities and
raised net proceeds from the transaction of approximately $13.1
million, net of offering costs.  As a result of raising these
additional funds, the Company anticipates that its current cash
resources will be sufficient to fund operations and meet its
obligations for at least the next twelve months.

                     Continuing Operations

For the year ending Dec. 31, 2017, the Company reported a net loss
applicable to common shareholders from continuing operations of
$10.8 million, or $3.29 per share.  This loss includes a $1.4
million adjustment related to the accounting for a deemed dividend
from a beneficial conversion feature recorded in connection with
the Series A convertible preferred stock issued in the December
2017 financing.  The Company reported a net loss from continuing
operations of $9.2 million, or $3.30 per share, for 2016.

Total research grant revenue from continuing operations for the
full year 2017 was $0.9 million, compared to $1.2 million recorded
in the prior year.  Research and development expenses for
continuing operations were $4.6 million in 2017, compared to $5.7
million for 2016.  General and administrative expenses for
continuing operations were $5.6 million and $5.7 million for the
years ended Dec. 31, 2017 and 2016, respectively.

The Company reported a net loss applicable to common shareholders
from continuing operations of $4.0 million, or $0.99 per share, for
the fourth quarter of 2017, compared to a net loss of $1.6 million,
or $0.56 per share, for the fourth quarter of 2016.

Total research grant revenue in the fourth quarter of 2017 was $0.1
million, compared to $0.3 million for the comparable quarter in
2016.  In the fourth quarter of 2017, research and development
expenses were $1.2 million, and general and administrative expenses
totaled $1.4 million.  This compares to $1.1 million of research
and development expenses and $0.8 million of general and
administrative expenses in the fourth quarter of 2016.

                      Discontinued Operations

In July 2016, the Board of Directors of the Company approved a
strategic restructuring plan under which Yield10 Bioscience became
the Company's core business.  As a result of this strategic shift,
the Company sold its biopolymer intellectual property along with
certain equipment and inventory during its third quarter of 2016
for approximately $10.0 million in a transaction that met the
requirements for discontinued operations reporting.  The Company's
condensed consolidated statements of operations for the three and
twelve months ended Dec. 31, 2016 have therefore been prepared to
reflect the Company's former biopolymer operations as a
discontinued operation.  Since none of the sold intellectual
property was previously capitalized, the gain on the sale of these
assets contributed to the Company reporting net income and net
income per share from discontinued operations of $1.6 million and
$0.57, respectively, for the year ended Dec. 31, 2016.  The Company
did not have further involvement in the operations of the
discontinued biopolymer business during 2017.

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

                       https://is.gd/70W8oz

                    About Yield10 Bioscience

Yield10 Bioscience, Inc. -- http://www.yield10bio.com/-- develops
new technologies to achieve step-change improvements in crop yield
to enhance global food security.  Yield10 has an extensive track
record of innovation based around optimizing the flow of carbon in
living systems.  Yield10 leverages its technology platforms and
unique knowledge base to design precise alterations to gene
activity and the flow of carbon in plants to produce higher yields
with lower inputs of land, water or fertilizer.  Yield10 is
advancing several yield traits it has developed in crops such as
Camelina, canola, soybean and rice.  Yield10 is headquartered in
Woburn, MA and has an Oilseeds center of excellence in Saskatoon,
Canada.


[*] Schwartz Joins McKool Smith as Principal in New York Office
---------------------------------------------------------------
McKool Smith, one of the nation's leading trial firms, has
announced that veteran bankruptcy and restructuring lawyer H.
Jeffrey Schwartz has joined the firm as a Principal in its New York
office.  Mr. Schwartz has more than 30 years of experience
representing debtors, secured lenders, fiduciaries and official
creditors' committees in major restructuring and reorganization
matters.

"Jeffrey is a prominent figure in the New York and national
bankruptcy bar," said McKool Smith's Managing Principal, David
Sochia.  "Our clients will benefit significantly from his many
decades of experience in complex restructurings, Chapter 11 cases,
and other insolvency proceedings.  He also has a wealth of
experience representing hedge funds, private equity firms, and
other investors in distressed debt-related matters, an area where
our clients have increased needs.  Needless to say, we are very
excited about Jeffrey's arrival to the firm."

"McKool Smith offers a very important and unique platform for my
practice," said Mr. Schwartz.  "The firm is highly regarded as one
of the nation's preeminent trial firms and has long been considered
an industry leader in offering innovative fee arrangements,
particularly in contingency matters.  McKool Smith also has a
world-class insurance recovery practice, an area in which my
clients have continuous needs.  It's a trifecta of very strong
value propositions that my clients will all benefit from.  I look
forward to growing my practice at the firm."

Throughout his career, Mr. Schwartz has led successful engagements
on behalf of debtors such as the Bayou Funds LLC and PTC Steel
Alliance, Inc., as well as official creditors' committees,
including those formed in the bankruptcies of Corinthian Colleges,
Inc.; Digital Domain Media Group, Inc.; Coda Automotive, Inc.; and
Constar International, LLC.  In the structured finance space, Mr.
Schwartz has represented MBIA, Inc. in the Chapter 11
reorganization case of FGIC Corporation as well as various private
equity and hedge funds in other major Chapter 11 cases.

Most recently, Mr. Schwartz served as lead counsel for the Chapter
7 trustee for ITT Education, Inc. in the prosecution of D&O claims
and for the Official General Unsecured Creditors Committee of
Corinthian Colleges, Inc., the largest for-profit post-secondary
education provider to file for Chapter 11 reorganization.

Mr. Schwartz's arrival continues McKool Smith's strategic efforts
to expand its New York office, which is currently the firm's
largest office with 53 trial lawyers.  Other recent additions
include Christopher P. Johnson and Zachary W. Mazin, who joined the
firm's financial litigation practice last year and focus on
representing hedge funds and other institutional investors in a
broad range of disputes against major financial institutions.  In
2016, 14 trial lawyers, including seven principals, led by
insurance litigator Robin Cohen, joined the firm's New York office
to launch its insurance recovery practice.  The group has since
expanded to include more than 35 lawyers across the firm's offices
in New York, Texas, and California.

With more than 185 trial lawyers across offices in Austin, Dallas,
Houston, Los Angeles, Marshall, New York, Silicon Valley, and
Washington, D.C., McKool Smith has established a reputation as one
of America's leading trial firms.  Since 2006, the firm has secured
ten nine-figure jury verdicts and twelve eight-figure jury
verdicts.  The firm has also won more VerdictSearch and The
National Law Journal "Top 100 Verdicts" over the last ten years
than any other law firm in the country.  Courtroom successes like
these have earned McKool Smith critical acclaim and helped the firm
become what TheWall Street Journal describes as "one of the biggest
law firm success stories of the past decade."  McKool Smith
represents clients in complex commercial litigation, intellectual
property, insurance recovery, bankruptcy, and white collar defense
matters.

The firm can be reached at:

          H. Jeffrey Schwartz
          Principal
          McKOOL SMITH
          Tel: 212.402.9436
          E-mail: hjschwartz@mckoolsmith.com



                            *********

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.

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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2018.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
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not guaranteed.

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