/raid1/www/Hosts/bankrupt/TCR_Public/190727.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, July 27, 2019, Vol. 23, No. 207

                            Headlines

VANGUARD RESOURCES: Reports $7.26 Million Net Loss in May
WINDSTREAM HOLDINGS: Suffers $30.57 Million Net Loss in May

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VANGUARD RESOURCES: Reports $7.26 Million Net Loss in May
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Vanguard Natural Resources, Inc., filed with the U.S. Securities
and Exchange Commission its monthly operating report for May 2019.

The Debtor's statement of operations showed a net loss of $7.26
million on $30.99 million in total revenues for May.

As of May 31, 2019, the Debtor listed $1.47 billion in total
assets, $1.22 billion in total liabilities, and $244.80 million in
total shareholders' equity.

At May 1, 2019, the Debtor had $41.97 million cash.  It listed
total cash receipts of $41.30 million and total disbursements of
$37.33 million.  Thus, the Debtor had $45.94 million cash at May
31.

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

                     https://is.gd/e1L22p

                About Vanguard Natural Resources

Vanguard Natural Resources Inc. -- https://www.vnrenergy.com/ -- is
an independent exploration and production company focused on the
production and development of oil and natural gas properties in the
United States.  Its assets consist primarily of producing and
non-producing oil and natural gas reserves located in the Green
River Basin in Wyoming, the Piceance Basin in Colorado, the Permian
Basin in West Texas and New Mexico, the Arkoma Basin in Oklahoma,
the Gulf Coast Basin in Texas, Louisiana and Alabama, the Big Horn
Basin in Wyoming and Montana, the Anadarko Basin in Oklahoma and
North Texas, the Wind River Basin in Wyoming, and the Powder River
Basin in Wyoming.  Headquartered in Houston, the company and its
affiliates have 295 employees.

Vanguard Natural Resources and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case
No. 19-31786) on March 31, 2019.  At the time of the filing, the
Debtors disclosed $1.478 billion in assets and $1.196 billion in
liabilities.

The cases are assigned to Judge David R. Jones.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as bankruptcy counsel; Blank Rome LLP as
co-counsel with Kirkland; Evercore Group LLC as financial advisor
and investment banker; Opportune LLP as restructuring advisor; and
Prime Clerk LLC as claims and balloting agent and administrative
advisor.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on April 11, 2019.  The committee tapped Locke
Lord LLP as its legal counsel.


WINDSTREAM HOLDINGS: Suffers $30.57 Million Net Loss in May
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Windstream Holdings, Inc., et al., filed with the U.S. Securities
and Exchange Commission their monthly operating report for May
2019.

Windstream Holdings' statement of operations showed a net loss
of $30.57 million on $427.66 million in total revenues for May.

Windstream Holdings posted $10.79 billion in total assets, $12.05
billion in total liabilities, and $1.26 million in total
shareholders' deficit as of May 31, 2019.

The Debtors listed total cash receipts of $1.80 billion and total
cash disbursements of $1.84 billion for the month.

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

                     https://is.gd/sn9Tjf  

                   About Windstream Holdings

Windstream Holdings, Inc. and its subsidiaries provide advanced
network communications and technology solutions for businesses
across the United States.  They also offer broadband, entertainment
and security solutions to consumers and small businesses primarily
in rural areas in 18 states.

Windstream Holding Inc. and its subsidiaries filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 19-22312) on Feb. 25,
2019.

The Debtors had total assets of $13,126,435,000 and total debt of
$11,199,070,000 as of Jan. 31, 2019.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as counsel; PJT Partners LP as financial advisor
and investment banker; Alvarez & Marsal North America LLC as
restructuring advisor; and Kurtzman Carson Consultants as notice
and claims agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on March 12, 2019.  The committee tapped
Morrison & Foerster LLP as its legal counsel, AlixPartners, LLP as
its financial advisor, and Perella Weinberg Partners LP as
investment banker.


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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
are not intended to reflect actual trades.  Prices for actual
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Each Tuesday edition of the TCR contains a list of companies with
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Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
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 2019.  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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are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

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