/raid1/www/Hosts/bankrupt/TCR_Public/180331.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, March 31, 2018, Vol. 22, No. 89

                            Headlines

MAGNETATION LLC: Posts $46,770 Net Income in February
PREMIER EXHIBITIONS: Incurs $22,897 Combined Net Loss in February

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MAGNETATION LLC: Posts $46,770 Net Income in February
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BankruptcyData.com reported that Magnetation LLC filed with the
U.S. Bankruptcy Court a monthly operating report for February 2018.
For the month, the Debtors reported a $46,770 net income on zero
net operating revenue and paid $51 in selling, general and
administrative expenses and $71,429 in legal and professional fees
and expenses. Cash at the beginning of February 2018 was $2.5
million and $2.6 million at month's end, with net cash flow of
$50,283.

                   About Magnetation LLC

Magnetation LLC -- http://www.magnetation.com/-- is a joint
venture between Magnetation, Inc. (50.1% owner) and AK Iron
Resources, LLC, an affiliate of AK Steel Corporation (49.9%
owner).

Magnetation LLC recovers high-quality iron ore concentrate from
previously abandoned iron ore waste stockpiles and tailings
basins.

Magnetation LLC owns iron ore concentrate plants located in
Keewatin, MN, Bovey, MN and Grand Rapids, MN, and an iron ore
pellet plant in Reynolds, IN.

Magnetation LLC, Mag Lands, LLC, Mag Finance Corp., Mag Mining, LLC
and Mag Pellet, LLC filed chapter 11 petitions (Bankr. D. Minn.
Case Nos. 15-50307 to 15-50311) on May 5, 2015, after reaching a
deal with secured noteholders on a balance sheet restructuring.  

The Debtors estimated assets at $100 million to $500 million and
liabilities at $500 million to $1 billion.

Chief Judge Gregory F. Kishel is the case judge.

The Debtors have tapped Marshall S. Huebner, Esq., Damiam S.
Schaible, Esq., and Michelle M. McGreal, Esq., at Davis Polk &
Wardwell LLP and Clinton E. Cutler, Esq., James C. Brand, Esq., and
Sarah M. Olson, Esq., at Fredrikson Byron, P.A. as attorneys;
Blackstone Advisory Partners LP as financial advisor; and Donlin,
Recano & Company, Inc., as the claims agent.

The U.S. Trustee for Region 12 appointed three creditors to serve
on an official committee of unsecured creditors.


PREMIER EXHIBITIONS: Incurs $22,897 Combined Net Loss in February
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BankruptcyData.com reported that Premier Exhibitions filed with the
U.S. Bankruptcy Court monthly operating report for February 2018.
For the month, the combined Debtors reported a net loss of $22,287
on total revenue of $68,096 and $90,383 in total general and
administrative expenses. The Company reported $635,393 in funds at
the beginning of February 2018 and $660,492 at month's end.
  
                      About RMS Titanic

Premier Exhibitions, Inc. (Nasdaq: PRXI), located in Atlanta,
Georgia, is a presenter of museum quality exhibitions throughout
the world.  Premier -- http://www.PremierExhibitions.com/--
develops and displays unique exhibitions for education and
entertainment including Titanic: The Artifact Exhibition, BODIES.
The Exhibition, Tutankhamun: The Golden King and the Great
Pharaohs, Pompeii The Exhibition, Extreme Dinosaurs and Real
Pirates in partnership with National Geographic.  The success of
Premier Exhibitions lies in its ability to produce, manage, and
market exhibitions.

RMS Titanic and seven of its subsidiaries filed voluntary petitions
for reorganization under Chapter 11 of the Bankruptcy Code (Bankr.
M.D. Fla. Lead Case No. 16-02230) on June 14, 2016.  In the
petitions signed by former CFO and COO Michael J. Little, the
Debtors estimated both assets and liabilities of $10 million to $50
million.

The Chapter 11 cases are assigned to Judge Paul M. Glenn.

Daniel F. Blanks, Esq., and Lee D. Wedekind, III, Esq., at Nelson
Mullins Riley & Scarborough LLP, serve as the Debtors' counsel.
The Debtors employ Brian A. Wainger, Esq., at Kaleo Legal as
special litigation counsel, outside general counsel, securities
counsel, and conflicts counsel; Robert W. McFarland, Esq., at
McGuireWoods LLP as special litigation counsel; Steven L. Berson,
Esq., at Dentons US LLP and Dentons Canada LLP as outside general
counsel and securities counsel; Oscar N. Pinkas, Esq., at Dentons
LLP as outside general counsel and securities counsel.

The Debtors also employed Ronald L. Glass as Chief Restructuring
Officer and GlassRatner Advisory & Capital Group, LLC, as financial
advisors.

Guy Gebhardt, acting U.S. trustee for Region 21, on Aug. 24, 2016
appointed three creditors to serve on the official committee of
unsecured creditors of RMS Titanic, Inc., and its affiliates.  The
Committee hired Avery Samet, Esq. and Jeffrey Chubak, Esq., at
Storch Amini & Munves PC, and Richard R. Thames, Esq. and Robert A.
Heekin, Jr., Esq., at Thames Markey & Heekin, P.A., as counsel.

The official committee of equity security holders of Premier
Exhibitions Inc. retained Peter J. Gurfein, Esq., at Landau
Gottfried & Berger LLP as counsel; Jacob A. Brown, Esq., and
Katherine C. Fackler, Esq., at Akerman LLP as Co-Counsel; and Teneo
Securities LLC as financial advisor.


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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
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then-ending.

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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
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