/raid1/www/Hosts/bankrupt/TCR_Public/181006.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, October 6, 2018, Vol. 22, No. 278

                            Headlines

ELEMENTS BEHAVIORAL: Incurs $6.2MM Net Loss in August
GIBSON BRANDS: Reports Operating Income of $4.5MM in August
PACIFIC DRILLING: Reports $33MM Net Loss in August

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ELEMENTS BEHAVIORAL: Incurs $6.2MM Net Loss in August
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BankruptcyData.com reported that Elements Behavioral Health filed
with the U.S. Bankruptcy Court a monthly operating report for
August 2018. For the month, the consolidated Debtors reported an
operating loss (here negative EBITDA) of $3.6 million and a net
loss of $6.2 million on $5.3 million in total revenue. The
consolidated Debtors further reported (i) $4.2 million in total
operating expenses, including $1.7 million in restructuring
expenses, and (ii) $2.5 million in non-operating expenses,
including $2.2 million in interest expense. The consolidated
Debtors reported $32.5 million in cash receipts and $32.3 million
in cash disbursements.

        About Elements Behavioral Health

Long Beach, California-based EBH Topco, LLC, along with its
subsidiaries -- http://www.elementsbehavioralhealth.com/-- are
providers of behavioral health services and residential drug and
alcohol addiction treatment.  The Elements Behavioral Health(R)
family of programs offers comprehensive, innovative treatment for
substance abuse, sexual addiction, trauma, eating disorders, and
other mental health disorders.  

EBH Topco, LLC (Lead Case), Elements Behavioral Health, Inc., and
certain of its affiliates sought Chapter 11 bankruptcy protection
on May 23, 2018 (Bankr. D. Del. Lead Case No. 18-11212).  

In the petition signed by CRO Martin McGahan, the Debtors estimated
$50 million to $100 million in assets and under $100 million to
$500 million in liabilities.

Hon. Brendan Linehan Shannon presides over the Debtors' cases.

Christopher A. Ward, Esq., Shanti M. Katona, Esq., Stephen J.
Astringer, Esq., and Jeremy R. Johnson, at Polsinelli PC, serve as
counsel to the Debtors.  Alvarez & Marsal LLC acts as restructuring
advisor to the Debtors; Houlihan Lokey Capital, Inc., is the
investment banker; and Donlin, Recano & Company, Inc., is the
notice and claims agent.

On June 11, 2018, Andrew Vara, acting U.S. trustee for Region 3,
appointed an official committee of unsecured creditors.  The
Committee retained Bayard P.A. as legal counsel, Arent Fox LLP as
co-counsel, and Zolfo Cooper, LLC, as financial advisor.


GIBSON BRANDS: Reports Operating Income of $4.5MM in August
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BankruptcyData.com reported that Gibson Brands filed with the U.S.
Bankruptcy Court a monthly operating report for August 2018. For
the month, the consolidated Debtors reported operating income of
$4.5 million and a net loss of $6.2 million on $23.8 million in net
sales, the net loss reflecting primarily (i) $7.7 million in
restructuring costs, principally comprised of $6.5 million in
professional fees, and (ii) $2.3 million in interest expense. The
Debtors further reported $16.7 million in cash receipts and $27.5
million in cash disbursements, with a net cash flow of $10.8
million. Cash at the beginning and end of the period was $26.9
million and $31.5 million, respectively.

      About Gibson Brands

Founded in 1894 and headquartered in Nashville, Tennessee, Gibson
Brands, Inc. -- http://www.gibson.com/-- and its subsidiaries  
design and manufacture guitars and other fretted instruments.
Gibson's brands include the Les Paul, SG, Flying V, Explorer, J-45,
Hummingbird, and ES-335, among others.

Gibson Brands, Inc. and 11 affiliates commenced Chapter 11 cases
(Bankr. D. Del. Lead Case No. 18-11025) on May 1, 2018.  In the
petition signed by CEO Henry E. Juszkiewicz, Gibson Brands
estimated $100 million to $500 million in assets and liabilities.

The Hon. Christopher S. Sontchi presides over the cases.

The Debtors tapped Goodwin Procter LLP as their lead counsel;
Pepper Hamilton LLP as Delaware and conflicts counsel; Alvarez &
Marsal North America, LLC as restructuring advisor; Brian J. Fox,
managing director of Alvarez & Marsal North America LLC, as chief
restructuring officer; Jefferies LLC as investment banker; and
Prime Clerk LLC as claims and noticing agent.

Paul, Weiss, Rifkind, Wharton & Garrison LLP is providing legal
counsel, and PJT Partners is the financial advisor, to the ad hoc
group of unaffiliated noteholders that is supporting the Debtors'
restructuring.

The Office of the U.S. Trustee for Region 3 appointed an official
committee of unsecured creditors on May 9, 2018.  The Committee
tapped Lowenstein Sandler LLP as its legal counsel; and FTI
Consulting serves as financial advisor.


PACIFIC DRILLING: Reports $33MM Net Loss in August
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BankruptcyData.com reported that Pacific Drilling filed with the
U.S. Bankruptcy Court a monthly operating report for August 2018.
For the month, the consolidated Debtors reported a $23.2 million
operating loss and a $33.0 million net loss on $19.0 million in
total revenue. The consolidated Debtors also reported (i) $42.2
million in total costs and expenses, comprised principally of $14.9
million in operating expense and $23.4 million in depreciation
expense and (ii) $6.5 million in interest expense. The consolidated
Debtors further reported $17.5 million in cash receipts and $58.2
million in cash disbursements.

               About Pacific Drilling

Pacific Drilling S.A. (OTC: PACDQ) a Luxembourg public limited
liability company (societe anonyme), operates an international
offshore drilling business that specializes in ultra-deepwater and
complex well construction services.  Pacific Drilling --
http://www.pacificdrilling.com/-- owns seven high-specification  
floating rigs: the Pacific Bora, the Pacific Mistral, the Pacific
Scirocco, the Pacific Santa Ana, the Pacific Khamsin, the Pacific
Sharav and the Pacific Meltem. All drillships are of the latest
generations, delivered between 2010 and 2014, with a combined
historical acquisition cost exceeding $5.0 billion.  The average
useful life of a drillship exceeds 25 years.

On Nov. 12, 2017, Pacific Drilling S.A. and 21 affiliates each
filed a voluntary petition for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
17-13193).  The cases are pending before the Honorable Michael E.
Wiles and are jointly administered.

Pacific Drilling disclosed $5.46 billion in assets and $3.18
billion in liabilities as of Sept. 30, 2017.

The Debtors tapped Sullivan & Cromwell LLP as bankruptcy counsel
but was later replaced by Togut, Segal & Segal LLP; Evercore
Partners International LLP as investment banker; AlixPartners, LLP,
as restructuring advisor; Alvarez & Marsal Taxand, LLC as executive
compensation and benefits consultant; Ince & Co LLP and Jones
Walker LLP as special counsel; and Prime Clerk LLC as claims and
noticing agent.

The RCF Agent tapped Shearman & Sterling LLP, as counsel, and PJT
Partners LP, as financial advisor.

The ad hoc group of RCF Lenders engaged White & Case LLP, as
counsel.

The SSCF Agent tapped Milbank Tweed, Hadley & McCloy LLP, as
counsel, and Moelis & Company LLC, as financial advisor.

The Ad Hoc Group of Various Holders of the Ship Group C Debt, 2020
Notes and Term Loan B tapped Paul, Weiss, Rifkind, Wharton &
Garrison, in New York as counsel.

William K. Harrington, U.S. Trustee for Region 2, on Aug. 23
appointed three creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case of Pacific Drilling S.A.


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Troubled Company Reporter is a daily newsletter co-published
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Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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