/raid1/www/Hosts/bankrupt/TCR_Public/181027.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 27, 2018, Vol. 22, No. 299

                            Headlines

ARALEZ PHARMACEUTICALS: Incurs $587,602 Net Loss at August 31
IHEARTMEDIA INC: Posts to $66.92 Million Net Income in August
OREXIGEN THERAPEUTICS: Gains $492,000 Net Income in August
[*] T&W Fetes 12 Outstanding Young Restructuring Lawyers Nov. 26

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ARALEZ PHARMACEUTICALS: Incurs $587,602 Net Loss at August 31
-------------------------------------------------------------
Aralez Pharmaceuticals US Inc., et al., filed with the U.S.
Securities and Exchange Commission their monthly operating report
for the period from August 10, 2018 through August 31, 2018.

The Debtors statement of operations reflected a net loss of
$587,602 on $5.41 million in total net revenue for the reporting
period.

As of August 31, 2018, the Debtors posted $893.37 million in total
assets, $715.79 million in total liabilities, and $177.57 million
in total shareholders' equity.

The Debtors listed total cash receipts of $10.53 million and total
disbursements of $3.16 million for the reporting period.

A copy of the monthly operating report is available at the SEC at:

                  https://is.gd/h76LQF

              About Aralez Pharmaceuticals

Aralez Pharmaceuticals Inc. -- http://www.aralez.com/-- is a  
specialty pharmaceutical company focused on delivering products to
improve patients' lives by acquiring, developing and
commercializing products in various specialty areas.  

The Company together with its affiliates filed for Chapter 11
protection on Aug. 10, 2018 (Bankr. S.D.N.Y. Lead Case No.
18-12425).  The Debtor estimated assets and liabilities between
$100 million and $500 million.

The Hon. Martin Glenn presides over the Debtors' Chapter 11 cases.

The Debtors tapped Willkie Farr & Gallagher LLP, as their counsel;
Alvarez & Marsal Healthcare Industry Group, LLC as restructuring
and financial advisor; Moelis & Company as investment banker; RSM
US LLP as tax advisor; and Prime Clerk LLC as claims, noticing and
solicitation agent.



IHEARTMEDIA INC: Posts to $66.92 Million Net Income in August
-------------------------------------------------------------
iHeartMedia, Inc., filed with the U.S. Securities and Exchange
Commission its monthly operating report for August 2018.

The Debtor's statement of operations showed a net income of $66.92
million on $299.39 million in revenue for August.

As of August 31, 2018, the Debtor posted $7.45 billion in total
assets, $18.16 billion in total liabilities, and -$10.72 billion in
total shareholders' equity.

The Debtor listed total receipts of $311.6 million and total
operating disbursements of $279.8 million for the month.

A copy of the monthly operating report is available at the SEC at:

                  https://is.gd/BHBANn

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.

The Debtors have hired Kirkland & Ellis LLP as legal counsel;
Jackson Walker L.L.P. as local bankruptcy counsel; Munger, Tolles &
Olson LLP as conflicts counsel; Moelis & Company and Perella
Weinberg Partners L.P as financial advisors; Alvarez & Marsal as
restructuring advisor; and Prime Clerk LLC as notice & claims
agent.

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.

The Office of the U.S. Trustee for Region 7 on March 21 appointed
seven creditors to serve on the official committee of unsecured
creditors in the Chapter 11 cases of iHeartMedia, Inc. and its
affiliates. The Committee tapped Akin Gump Strauss Hauer & Feld LLP
as its legal counsel, FTI Consulting, Inc., as its financial
advisor, and Jefferies LLC as its investment banker.



OREXIGEN THERAPEUTICS: Gains $492,000 Net Income in August
----------------------------------------------------------
Orexigen Therapeutics, Inc., filed with the U.S. Securities and
Exchange Commission its monthly operating report for August 2018.

The Debtor's statement of operations showed a net income of
$492,000 on $nil in product sales for the month, a swing from
$$136.59 million net loss posted for July.

The Debtor posted $47.18 million in total assets, $9.93 million
in total liabilities not subject to compromise, $245.48 million in
total liabilities subject to compromise, and -$208.23 million in
total shareholders' equity as of August 31, 2018.

The Debtor started the month with $36.87 million cash.  It listed
total cash receipts of $1.49 million and total disbursements of
$663,000.  Taking into account lender professional fees of
$266,000, the Debtor had $37.43 million cash at month end.

A copy of the monthly operating report is available at the SEC at:

                  https://is.gd/WFuCIJ

               About Orexigen Therapeutics

Based in La Jolla, California, Orexigen Therapeutics, Inc. --
http://www.orexigen.com/-- is a biopharmaceutical company focused
on the treatment of weight loss and obesity.  It 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 Therapeutics sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 18-10518) on March 12,
2018.  In its petition signed by Michael A. Narachi, president and
CEO, the Debtor disclosed $265.1 million in assets and $226.4
million in liabilities.

Judge Kevin Gross presides over the cases.

The Debtor tapped Hogan Lovells US LLP as bankruptcy counsel;
Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel; Ernst &
Young LLP as financial advisor; Perella Weinberg Partners as
investment banker; and Kurtzman Carson Consultants LLC as claims
and noticing agent.

Andrew R. Vara, Acting U.S. Trustee for Region 3, appointed three
creditors to serve on the official committee of unsecured
creditors.


[*] T&W Fetes 12 Outstanding Young Restructuring Lawyers Nov. 26
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Once a year, Beard Group's publication, Turnarounds & Workouts,
recognizes a select number of young corporate restructuring
lawyers, who within the prior year, have compiled an impressive
list of achievements. On Nov. 26th, another group of distinguished
young attorneys will be honored at a dinner reception following the
Distressed Investing 2018 Conference. The 5 p.m. reception and the
25th annual conference will be held at The Harmonie Club, 4 E. 60th
St. in Midtown Manhattan.

This year's awardees include:

     * Adam Brenneman, Cleary Gottlieb Steen & Hamilton
     * Jonathan Canfield, Stroock & Stroock & Lavan LLP
     * Ryan Preston Dahl, Weil, Gotshal & Manges LLP
     * Christopher Greco, Kirkland & Ellis LLP
     * Vincent Indelicato, Proskauer Rose LLP
     * Brian J. Lohan, Arnold & Porter Kaye Scholer LLP
     * Jennifer Marines, Morrison & Foerster LLP
     * Christine A. Okike, Skadden, Arps, Slate, Meagher
       & Flom LLP
     * Peter B. Siroka, Fried, Frank, Harris, Shriver &
       Jacobson LLP
     * Matthew B. Stein, Kasowitz Benson Torres LLP
     * Eli Vonnegut, Davis Polk & Wardwell LLP
     * Matthew L. Warren, Latham & Watkins LLP

You can learn more about the honorees at
https://www.distressedinvestingconference.com/turnarounds--workouts-2018-outstanding-young-restructuring-lawyers.html

Earlier in the day, the Distressed Investing 2018 Conference will
offer attendees the latest insights and information on distressed
investing and bankruptcy from seasoned corporate restructuring
professionals. And, after a quarter of a century, the conference's
subject matter and presenters are as relevant today as they were
when we began. The developing agenda can be viewed at
https://www.distressedinvestingconference.com/agenda.html

We are also pleased to partner this year with both long-time and
new sponsors including:

   Corporate Sponsors:

     * Conway MacKenzie
     * DSI
     * Foley & Lardner LLP
     * Milbank
     * Morrison & Foerster LLP

   Knowledge Partner:
     * Pacer Monitor

   Media Sponsors:
     * Debtwire
     * Financial Times

Visit https://www.distressedinvestingconference.com/ for
registration details and information about this year's conference
agenda as well as highlights from past conferences.

To learn how you can be a sponsor and participate in shaping the
day-long program, contact:

           Bernard Tolliver at bernard@beardgroup.com
                  or Tel: (240) 629-3300 x-149

To learn about media sponsorship opportunities to bring your outlet
into the view of leaders in corporate restructuring, lending and
debt and equity investments, and to expand your network of news
sources, contact:

                Jeff Baxt at jeff@beardgroup.com
                   or (240) 629-3300, ext 150

Beard Group, Inc., publishes Turnarounds & Workouts, Troubled
Company Reporter, and Troubled Company Prospector.  Visit
http://bankrupt.com/freetrial/for a free trial subscription to one
or more of Beard Group's corporate restructuring publications.



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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
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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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re-mailing and photocopying) is strictly prohibited without prior
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The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

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