/raid1/www/Hosts/bankrupt/TCR_Public/191002.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, October 2, 2019, Vol. 23, No. 274

                            Headlines

ABSOLUTE DIMENSIONS: Files Full-Payment Plan; Disc. Hearing Nov. 14
ACCREDITED LIMOUSINE: Selling Toyota Camry to Mpounas for $7.2K
ACERUS PHARMA: Obtains Waiver of Certain Financial Covenants
AMERIQUEST SECURITY: Seeks Confirmation of Amended Plan
AMN HEALTHCARE: S&P Rates New $300MM Senior Unsecured Notes 'BB-'

ASSETMARK FINANCIAL: S&P Affirms 'BB+' ICR; Outlook Stable
AUTOKINITON US HOLDINGS: S&P Rates New $100MM Term Loan A 'BB-'
BAYOU STEEL: Case Summary & 30 Largest Unsecured Creditors
BEACON ROOFING: S&P Rates New $300MM Senior Secured Notes 'BB'
BUTLER SPECIALTIES: Sets Bidding Procedures for All Assets

C & S JANITORIAL: Unsecureds to Get Monthly Payments in 10 Years
CALIFORNIA MUNICIPAL FINANCE: S&P Alters Outlook to Neg.
CARE PRODUCTS: Expedited Cash Motion Denied Due to Non-Appearance
CARLSTAR HOLDINGS: S&P Withdraws 'B-' Issuer Credit Rating
CIT BANK: Fitch Rates $550MM of 2.9% Unsec. Notes Due 2025 'BB+'

CL AND MEW: Voluntary Chapter 11 Case Summary
COPELAND & LANE: Seeks to Use Cash Collateral to Sustain Operations
CROCKETT COGENERATION: S&P Affirms CCC+ ICR; Rating Off Watch Neg.
CUKER INTERACTIVE: Exclusivity Period Extended Until Feb. 29
DAVID'S BRIDAL: S&P Withdraws 'CCC+' Issuer Credit Rating

DIAMOND OFFSHORE: S&P Cuts ICR to 'CCC+' on Unsustainable Leverage
DREAM BIG RESTAURANTS: Food Chain Seeks Access to Over $1M Cash
ELM HEATING: Court Grants Continued Cash Access Until Oct. 31
EUROPEAN FOREIGN: Seeks to Use Paradise Bank Cash Collateral
EVERGREEN PALLET: Seeks Permission to Use Cash, Pay Secureds

FALCON V: U.S. Has Issues With Plan Treatment of Mineral Leases
FANNIE MAE & FREDDIE MAC: Treasury Details Plan for Profits
FIRST FLORIDA: U.S. Trustee Unable to Appoint Committee
FISHING VESSEL: Seeks Court Leave for Interim Cash Collateral Use
FIVE STAR: Effects Reverse Common Stock Split

FOX VALLEY PRO: Seeks to Obtain $300K in DIP Loan from Two Willows
FRANK INVESTMENTS: Needs Time For Approval of Sale, Las Olas Deal
FRICTIONLESS WORLD: Case Summary & 15 Unsecured Creditors
HAYWARD INDUSTRIES: S&P Alters Outlook to Negative, Affirms 'B' ICR
HD SUPPLY: S&P Puts 'BB+' Issuer Credit Rating on Watch Negative

HIGH LINER FOODS: S&P Alters Outlook to Stable, Affirms 'B' ICR
HOME BOUND HEALTHCARE: Court Allows Use of Cash Thru Nov. 1
HOUSTON GRANITE: Seeks Approval of 15-Day Cash Collateral Use
HVI CAT: Committee Hires Conway Mackenzie as Financial Advisor
HVI CAT: Selling REDU Asset to REDU Holdings for $1.25M

INFRASTRUCTURE SOLUTION: Case Summary & 13 Unsecured Creditors
IRB HOLDING: S&P Puts 'B' ICR on Watch Pos. on Jimmy John's Deal
JACK COOPER: Taps Ogletree Deakins as Special Counsel
JG & RM REALTY: Seeks to Hire Garcia-Arregui & Fullana as Counsel
JLK INDUSTRIES: Seeks to Hire Vortman & Feinstein as Counsel

JPACIFIC INTERNATIONAL: Case Summary & 3 Unsecured Creditors
KALEIDOSCOPE CHARTER SCHOOL: S&P Cuts Revenue Bond Rating to 'BB-'
KDO INDUSTRIES: Seeks to Hire Berger Fischoff as Counsel
KLINE CONSTRUCTION: Committee Hires Gavin/Salmonese as Advisor
KP ENGINEERING: Seeks to Hire Claro Group, Appoint CRO

KP ENGINEERING: Seeks to Hire Okin Adams as Legal Counsel
LATEX FOAM: Seeks to Hire RSM US as Tax Accountant
LIGHTHOUSE PLUMBING: Hires DeMarco Mitchell as Legal Counsel
LIMONITE INVESTMENTS: Case Summary & Unsecured Creditor
LITTLE GUYS: Case Summary & 20 Largest Unsecured Creditors

LONGHORN JUNCTION: Seeks to Hire Hilco as Real Estate Advisor
LYONS CHEVROLET: Asks Court to Approve Use of Cash Collateral
M BRANDS: U.S. Trustee Unable to Appoint Committee
MAYFLOWER COMMUNITIES: Court Confirms Liquidating Plan
MEDCOAST MEDSERVICE: Seeks to Hire Riley Akopians as Accountant

MGIC INVESTMENT: S&P Affirms 'BB+' Long-Term ICR; Outlook Stable
NA RAIL HOLD: S&P Assigns B- Issuer Credit Rating; Outlook Stable
NATIONAL JEWISH HEALTH: S&P Puts BB+ Long-Term Rating on Watch Neg.
NEURO-ENDOCEUTICALS: U.S. Trustee Unable to Appoint Committee
NOBLE CORP: S&P Cuts Issuer Credit Rating to 'CCC+'; Outlook Neg.

OMNITRACS HOLDINGS: S&P Assigns 'B' ICR; Outlook Stable
PANOCHE ENERGY: S&P Affirms 'CCC+' ICR; Rating Off Watch Negative
PIONEER CONTRACTING: Seeks to Hire Glen Frost as Special Counsel
PIONEER NURSERY: Panel Hires Charles River as Expert Economist
PLH GROUP: S&P Lowers ICR to 'B' on Weaker Earnings, Cash Flow

PREMIERE GLOBAL: S&P Cuts ICR to 'SD' After Term Loan Amendment
PRIME HEALTHCARE: S&P Affirms 'B-' ICR; Outlook Stable
PSK PROPERTIES: Seeks Permission to Use Cash Collateral
PUBLIC FINANCE AUTHORITY, WI: S&P Cuts 2017A Bond Rating to 'CCC'
PUBLIC FINANCE AUTHORITY, WI: S&P Cuts Bond Ratings to 'CCC+(sf)'

QORVO INC: S&P Rates $300MM Senior Unsecured Notes 'BB+'
RADIAN GROUP: S&P Affirms 'BB+' Long-Term ICR; Outlook Stable
RAKAI LLC: Seeks to Hire Paul Reece as Attorney
REGAL ROW FINA: Case Summary & 16 Unsecured Creditors
RICHLAND FARMS: Proposes $321K Sale of Equipment

ROOFTOP GROUP: Committee Hires Barnes & Thornburg as Co-Counsel
ROOFTOP GROUP: Committee Hires Ross & Smith as Co-Counsel
SCHROEDER BROTHERS: Trustee Seeks to Hire Grothman & Associates
SPECTACLE GARY: S&P Assigns 'B-' ICR; Outlook Stable
SRS DISTRIBUTION: S&P Affirms B Issuer Credit Rating; Outlook Neg.

STARION ENERGY: Needs Time to Resolve Attorney General Claim
STEVEN BRANSFIELD: U.S. Trustee Forms 4-Member Committee
STONE OAK MEMORY: Case Summary & 20 Largest Unsecured Creditors
STONEMOR PARTNERS: S&P Rates $385MM PIK Notes 'CCC+'
STONEPEAK LONESTAR: S&P Assigns 'BB-' ICR; Outlook Stable

TAILORED BRANDS: S&P Lowers ICR to 'B' on Weak Performance
TATUNG COMPANY: Case Summary & 20 Largest Unsecured Creditors
TEJANO CENTER: S&P Alters Outlook to Neg., Affirms 'B' Bond Rating
TELESAT CANADA: S&P Rates US$500MM Senior Unsecured Notes 'B'
THIRD COAST: S&P Affirms 'B' Long-Term Issuer Credit Rating

TNT UNDERGROUND: Seeks to Hire Crosby Accounting
TOPAZ SOLAR FARMS: S&P Affirms 'CCC+' ICR
TPRO ACQUISITION: Moody's Assigns B3 CFR, Outlook Stable
TRANSALTA CORP: Fitch Cuts IDR to BB & Alters Outlook to Stable
TRANSOCEAN LTD: S&P Lowers ICR to 'CCC+' on Unsustainable Leverage

TRIBUNE MEDIA: S&P Withdraws 'BB-' ICR on Acquisition by Nexstar
UBIOME INC: Hires Donlin Recano as Claims and Noticing Agent
ULTRA PETROLEUM: S&P Cuts ICR to CCC- After Suspension of Drilling
USA GYMNASTICS: Needs Time to Resolve Insurance Coverage, Mediation
VARTEK LLC: U.S. Trustee Unable to Appoint Committee

VELMO USA: U.S. Trustee Unable to Appoint Committee
VENATOR MATERIALS: S&P Alters Outlook to Neg., Affirms 'B+' ICR
VERITY HEALTH: Exclusivity Period Extended Until Oct. 25
VIDANGEL INC: Seeks to Hire Piercy Bowler as Accountant
WALDING CONTRACTING: Hires SKS Legal Group as Special Counsel

WARRIOR MET: Moody's Alters Outlook on B2 CFR to Positive
WE COMPANY: WeWork Pulls Plans to Go Public
WEST VIRGINIA: Seeks to Hire Michelle Steele as Bookkeeper
WEWORK COS: S&P Cuts ICR to 'B-' on Credit Risks Related to IPO
WISE ENTERPRISE: Seeks to Hire Dudley Thomas as Real Estate Agent

YOUNG SMILES: Hires Tampa Law Advocates as Legal Counsel

                            *********

ABSOLUTE DIMENSIONS: Files Full-Payment Plan; Disc. Hearing Nov. 14
-------------------------------------------------------------------
Absolute Dimensions, LLC, is proposing a reorganization plan that
provides for the payment of all creditors in full.

Under the Plan, unsecured creditors owed in excess of $5,000 (Class
4) will be paid in full in monthly payments, distributed pro rata,
over a term of 10 years with interest at 4% per annum.  Payments
are to commence on the day that is 15 days after the Effective
Date.

Class 4 creditors also have the option to elect to be treated as
Class 1 creditors (unsecured creditors each owed less than $5,000)
by marking the election on the ballot. If a Class 4 creditor elects
to be treated as a Class 1 creditor, such Class 4 creditor will
have an allowed claim of $5,000, which will be paid in full in cash
on the Effective Date, and the amount of its claim in excess of
$5,000 will be released.

According to the Disclosure Statement, the Debtor proposes to
continue in business with its present owners and management and pay
its creditors in full as provided in the Plan. The Members have
agreed to limit their compensation to what they are receiving now,
$5,000 per month each, plus no more than 10 percent each calendar
year.  In addition, the Members have agreed to take no Member
Distributions other than as may be necessary to pay income taxes
until all Allowed Claims are paid in full as provided in the Plan.
Also of significance, the Plan provides that the Debtor will not
bring any Avoidance Actions in as much as the Plan provides for the
full payment of Allowed Claims.

Absolute Dimensions, LLC, filed with the U.S. Bankruptcy Court for
the District of Kansas its disclosure statement and plan under
Chapter 11 of the Bankruptcy Code under Fed. R. Bankr. P. 3016(c)
on Sept. 25, 2019.  A copy of the Disclosure Statement describing
terms of the First Plan of Reorganization is available at
https://is.gd/HT7kIO

The hearing to consider the approval of the Disclosure Statement
will be held on Nov. 14, 2019, at 10:30 a.m.

Objections to the adequacy of the information in the Disclosure
Statement must be filed with the Clerk and served on the proponent
of the plan, the U.S. Trustee, and the Creditors' Committee, if
any, on or before Nov. 7, 2019.

                     About Absolute Dimensions

Founded in 2004, Absolute Dimensions, LLC --
https://www.absolutedimensions.com/ -- is machine parts
manufacturer and supplier in Wichita, Kansas.

Absolute Dimensions filed a voluntary Chapter 11 petition (Bankr.
D. Kan. Case No. 19-10489) on March 29, 2019.  In the petition
signed by Stephen Brittain, managing member, Absolute Dimensions
estimated less than $50,000 assets and less than $10 million debt.
Judge Robert E. Nugent oversees the case.  W. Thomas Gilman, Esq.,
at Hinkle Law Firm, LLC, is the Debtor's counsel.  


ACCREDITED LIMOUSINE: Selling Toyota Camry to Mpounas for $7.2K
---------------------------------------------------------------
Accredited Limousine Service, LLC, filed with the U.S. Bankruptcy
Court for the Southern District of New York a notice of its
proposed sale of its rights, title and interests in and to a
certain 2016 Toyota Camry, VIN 4TIBD1FK6GU189571, free and clear of
all liens, encumbrances and interests, to Nicholas Mpounas or a
designated corporate entity of which hes is the sole owner, on a
private
sale basis, for $7,200.

The Car was purchased by the Debtor in 2016 with financing
provided by Toyota Motor Credit ("TMC") and was placed into the
Debtor's fleet of vehicles.  The Proposed Purchaser was
subsequently assigned as the primary driver of the Car in August
2018, the Debtor and the Proposed Purchaser entered into an oral
agreement pursuant to which the Debtor agreed to sell the Car to
the Proposed Purchaser and the Proposed Purchaser agreed to
purchase the Car in exchange for the Proposed Purchaser's payment
of the balance of the Debtor's purchase money obligations to TMC
with regard to the Car (which at that time totaled approximately
$7,200) by way of deductions from his weekly paychecks.  The
deductions made by the Debtor from the Proposed Purchaser's weekly
paychecks also included the pro rata cost of liability insurance
coverage for the Car.

The Proposed Purchaser's agreed-upon payments were completed on
April 30, 2019.  As a result, TMC has released its lien on the Car
and delivered the Car's title to the Debtor.  The Car currently has
approximately 250,000 miles on it and has been in multiple
accidents.  As such, the Debtor believes that the Car has little to
no value. The Debtor surrendered the license plates for the Car on
June 18, 2019 and cancelled the insurance coverage for the Car.
The Car is presently in storage and not generating any income for
the Debtor.

The Debtor now asks the Court's authorization to consummate the
sale of the Car to the Proposed Purchaser.

The Debtor respectfully submits that the proposed sale of the Car
to the Proposed Purchaser on a private sale basis (as opposed to
soliciting higher or better offers) represents a sound exercise of
business judgment by the Debtor and that consummation thereof would
be in the best interests of the estate.  The Proposed Purchaser has
paid not less than $7,200 in order to satisfy the Debtor's purchase
money obligations with regard to the Car.  The Debtor does not
believe that soliciting higher or better offers with regard to the
Car would result in any offers and thus would not benefit the
estate.  Also, given the de minimis value of the Car, the costs and
delays of seeking approval of bidding procedures and conducting an
auction with regard to the Car appear to be unwarranted under the
circumstances.

The hearing on the Motion is set for Sept. 30, 2019 at 10:00 a.m.
Objections, if any, must be filed not less than seven days prior to
the hearing date.

               About Accredited Limousine Service

Accredited Limousine Service, LLC -- https://accreditedlimo.com/ --
is a chauffeured black car service that provides local, national
and worldwide limousine services.  It services commercial as well
as corporate fleets, FBOs and aircraft/management charter
companies.  The company offers a wide selection of vehicles,
serving LaGuardia, Kennedy, Newark, Teterboro and White Plains
airport.

Accredited Limousine Service sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 19-22215) on Feb. 6,
2019.  At the time of the filing, the Debtor disclosed $663,575 in
assets and $1,494,868 in liabilities.  The case is assigned to
Judge Robert D. Drain.


ACERUS PHARMA: Obtains Waiver of Certain Financial Covenants
------------------------------------------------------------
Acerus Pharmaceuticals Corporation (ASP) on Sept. 30, 2019,
disclosed that it entered into an amended agreement related to its
existing credit facility with SWK Funding LLC ("SWK") and that it
received a waiver letter from SWK related to certain financial
covenants for Q3 2019.

The nature of the amendment is to set the minimum threshold for
Consolidated Unencumbered Liquid Assets required to be maintained
by the Company.  This amount is defined in the agreement as cash
adjusted for a certain portion of accounts receivable and payable.
This level will be set at (i) US$1 million at September 30, 2019,
(ii) US$5 million at December 15, 2019, (iii) US$4 million at
December 31, 2019, (iv) US$2 million at January 31, 2020, and (v)
$1 million at all times after January 31, 2020.  In connection with
the amendment, Acerus agreed to reprice 5,331,563 outstanding
common shares purchase warrants currently held by SWK that were
issued with the signing of the credit agreement in 2018 (the
"Original Warrants").  The Original Warrants will be repriced from
CDN$0.40 to CDN$0.11.  In addition, the Original Warrants' expiry
date has been extended from October 11, 2023 to September 30, 2024.
No other changes will be made to the term of Original Warrants.
The volume-weighted average trading price of the Company's common
shares on the Toronto Stock Exchange (the "TSX") for the
five-trading-day period ending September 30, 2019 was CDN$0.11.
Subject to the approval of the TSX, the repricing and the extension
of the expiry date of the warrants will become effective on October
15, 2019.

Subject to the approval of the TSX, Acerus will issue 1,361,544
common share purchase warrants (the "New Warrants") to SWK in
connection with the amendment.  Each New Warrant will entitle SWK
to purchase one common share of Acerus at an exercise price of
CDN$0.11 per common share and will expire on September 30, 2024.
The terms of the New Warrants will otherwise be identical to those
of the Original Warrants.  As such, in certain circumstances, the
Company may cause SWK to exercise the New Warrants prior to their
expiry date if the closing price of the Company's common shares on
the TSX exceeds CDN$0.80 per share for a period of at least 21
consecutive trading days.

Finally, SWK issued a waiver letter to Acerus waiving the Adjusted
EBITDA and Aggregate Revenue covenants for Q3 2019 contained in the
credit agreement.

All other terms and conditions in the SWK loan agreement remain
unchanged.

                         About Acerus

Acerus Pharmaceuticals Corporation (otcqb:ASPCF) --
http://www.aceruspharma.com/-- is a Canadian-based specialty
pharmaceutical company focused on the commercialization and
development of innovative prescription products that improve
patient experience, with a primary focus in the field of men's
health.  The Company commercializes its products via its own
salesforce in Canada, and through a global network of licensed
distributors in the U.S. and other territories.

Acerus' shares trade on TSX under the symbol ASP and on OTCQB under
the symbol ASPCF.


AMERIQUEST SECURITY: Seeks Confirmation of Amended Plan
-------------------------------------------------------
Ameriquest Security Service moves the U.S. Bankruptcy Court for the
Central District of California, Los Angeles Division, for an order
confirming its Amended Chapter 11 Plan of Reorganization.

A hearing is set for Oct. 3, 2019, at 10:00 a.m., on the Debtor's
motion to confirm its Amended Plan.

The Debtor avers that the Plan complies with the requirements of
1123(a) of its Bankruptcy Code.

The Debtor will fund the Plan from the continued operation of its
security guard company.  The Debtor will have a reserve account or
third-party funding by its principal, Akram Gendy, in the event
that there are not sufficient funds in the estate to cover the
deficits reflected in the budget.

Under the Plan, holders of general unsecured claims (which includes
several claims for wage and hourly violations), estimated at
$749,032, will receive their pro-rata share of monthly payments of
$795 over five years of the Plan, with the first payment due on the
Effective Date.  In addition to the monthly payments, the Debtor's
principal, Akram Gendy, will also inject a none-time new value
contribution of $15,000 to be paid pro-rata to holders of general
unsecured claims on the Effective Date.  As a result of the new
value contribution and monthly payments, the percentage recovery is
7.9%.

Akram Gendy (75% shareholder and president and CEO), and Luther
Metias (25% shareholder) will retain their equity interests in the
Debtor.

A copy of the Amended Plan dated Sept. 26, 2019, is available at
https://tinyurl.com/y3zru6sl from PacerMonitor.com at no charge.

               About Ameriquest Security Service

Ameriquest Security Service is in the security guard service
business based in Culver City, California.  Ameriquest filed a
Chapter 11 petition (Bankr. C.D. Cal. Case No. 18-21241) on Sept.
25, 2018.  In the petition signed by Akram Gendy, president and
CEO, the Debtor estimated $100,000 to $500,000 in assets and $1
million to $10 million in liabilities.  

The Hon. Julia W. Brand oversees the case.

Michael Jay Berger, Esq., at the Law Offices of Michael Jay Berger,
serves as bankruptcy counsel.


AMN HEALTHCARE: S&P Rates New $300MM Senior Unsecured Notes 'BB-'
-----------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '5'
recovery rating to AMN Healthcare Inc.'s new $300 million senior
unsecured notes. The '5' recovery rating indicates S&P's
expectation for modest recovery (10%-30%; rounded estimate: 20%) in
the event of payment default. S&P expects the company to use the
proceeds from the unsecured notes to repay $156 million outstanding
on its revolver, and $100 million of its term loan A.

S&P's 'BB' issuer credit rating on the parent company, AMN
Healthcare Services Inc. continues to reflect its leading position
in the temporary staffing market, stable and entrenched managed
service relationships with hospitals as a staffing solution
provider and positive growth prospects for temporary staffing
industry. AMN continues to diversify from a nurse and allied health
staffing company toward stable managed service program provider.
The transaction will not have any material impact on the credit
ratios and S&P expects leverage to remain below 3x and free cash
flow close to $100 million.



ASSETMARK FINANCIAL: S&P Affirms 'BB+' ICR; Outlook Stable
----------------------------------------------------------
S&P Global Ratings affirmed its issuer credit rating of 'BB+' on
AssetMark Financial Holdings Inc. The outlook remains stable.

S&P also affirmed the 'BB+' issue rating on the company's credit
facility and first-lien loan. The recovery rating on the company's
debt is unchanged at '3', indicating S&P's expectation for
meaningful recovery in the event of a default.

S&P has revised its base-case expectations for AssetMark's
leverage. It now expects for leverage, as measured by debt to
EBITDA, to range between 0.0x-1.5x. The company used approximately
$125 million of IPO proceeds to repay debt, materially reducing
leverage (from roughly 2.0x). S&P assumes low-single-digit revenue
growth from 2020 on and for margins to remain in the mid-20% range.
Moreover, the rating agency believes that the company will use cash
and free cash flow to fuel tuck-in acquisitions.

The stable outlook reflects S&P's expectation that the firm will
continue to grow EBITDA at a solid pace in 2019 and 2020 with no
outsize debt-financed acquisitions.

"We could lower the rating if leverage increases above 4.0x as a
result of acquisitions, business deterioration, or the erosion of
cash balances impacting net leverage. We could also lower the
rating if the company's competitive position weakens such that it
has trouble retaining advisors or has material sustained net
outflows," S&P said.

"An upgrade is unlikely over the next 18-24 months. We could raise
the rating on AssetMark if the company demonstrates more
conservative leverage tolerance and acquisition appetite such that
we believe leverage will remain under 2.0x," S&P said, adding that
this also assumes that the rating on Huatai, AssetMark's parent
company, stays the same or rises and that an upgrade of Huatai
would not in and of itself cause the rating agency to upgrade
AssetMark.


AUTOKINITON US HOLDINGS: S&P Rates New $100MM Term Loan A 'BB-'
---------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '2'
recovery rating to Autokiniton US Holdings Inc.'s (AGG) new $100
million term loan A maturing in March 2024. At the same time, S&P
raised the issue-level rating on the company's existing senior
secured debt to 'BB-' from 'B+' and revised the recovery rating to
'2' from '3'. The '2' recovery rating indicates S&P's expectation
for substantial (70%-90%; rounded estimate: 70%) recovery for
lenders in a default scenario. This follows a revision to AGG's
previously announced transaction to acquire Tower International
Inc., which will now be financed with the $100 million term loan A,
a $250 million incremental first-lien term loan (from $400 million
previously), an approximately $113 million borrowing on its upsized
$200 million asset-based revolving credit facility, sponsor equity,
and cash on hand.

The recovery ratings improved because of lower debt outstanding in
a hypothetical default year given the higher amortization based on
the revised deal terms. The incremental term loan B will feature a
2.5% annual amortization in 2020 that increases to 5% thereafter.
The proposed term loan A will feature a 2.5% annual amortization
for 12 months starting June 30, 2020, increasing to 7.5% in the
next 12 months and to 10% after June 30, 2021.

S&P's 'B+' issuer credit rating on AGG is unchanged because this is
a roughly leverage-neutral transaction, albeit with a $50 million
reduction from the original proposal at launch.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- S&P's simulated default scenario contemplates a payment default
occurring in 2023, likely driven by the loss of key original
equipment manufacturer (OEM) contracts and lower auto production,
causing the company to experience excess capacity and plant
inefficiencies. As a result, cash flows deteriorate to the point
that it cannot cover its fixed charges.

-- S&P believes the company would remain a viable business given
the continued demand for its products and its established OEM
relationships and would reorganize rather than liquidate following
a payment default.

-- S&P valued the company on a going-concern basis using a 5x
multiple of its projected emergence EBITDA. This is consistent with
its treatment of other auto supplier peers.

-- After the acquisition, Tower will become a wholly owned
domestic subsidiary of AGG, the borrower of the revolver and
first-lien term loan. The secured bank debt will be guaranteed by
all wholly owned U.S. subsidiaries, which make up more than 95% of
EBITDA of the combined entity.

Simulated default assumptions and simplified waterfall

-- Simulated year of default: 2023
-- Emergence EBITDA: $142 million
-- EBITDA multiple: 5x
-- Gross emergence value: $726 million
-- Valuation split (obligors/nonobligors): 98%/2%
-- Net recovery value after administrative costs (5%): $675
million
-- Priority (ABL revolver) claims at obligors: $123 million
-- Value available to first-priority claims: $548 million
-- Secured first-priority claims: $761 million
    --Recovery estimate: 70%-90% (rounded estimate: 70%)

  Ratings List

  Autokiniton US Holdings, Inc.

  Issuer Credit Rating         B+/Stable/--

  New Rating  
  
  Autokiniton US Holdings, Inc.

  Senior Secured  
  US$100 mil term A bank ln due 03/31/2024 BB-
  Recovery Rating                          2(70%)

  Ratings Raised; Recovery Ratings Revised  
                                    To      From
  Autokiniton US Holdings, Inc.

  Senior Secured                   BB-    B+
   Recovery Rating                2(70%) 3(65%)


BAYOU STEEL: Case Summary & 30 Largest Unsecured Creditors
----------------------------------------------------------
Lead Debtor: Bayou Steel BD Holdings, L.L.C.
             d/b/a Bayou Steel Group
             f/k/a BD Long Products, LLC
      
Business Description: Bayou Steel BD Holdings, L.L.C. is a North
                      American company focused on the production
                      of long carbon steel products.  The Company
                      manufactures beams, angles, channels,
                      flats, round bars, and square bars.
                      Bayou Steel Group was formed in 2016 and
                      is headquartered in La Place, Louisiana.
                      Visit https://bayousteelgroup.com for more
                      information.

Chapter 11 Petition Date: October 1, 2019

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Three affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                          Case No.
    ------                                          --------
    Bayou Steel BD Holdings, L.L.C. (Lead Case)     19-12153
    BD Bayou Steel Investment, L.L.C.               19-12154
    BD LaPlace, LLC                                 19-12155

Judge: Hon. Karen B. Owens

Debtor's Counsel: Christopher A. Ward, Esq.
                  Shanti M. Katona, Esq.
                  Stephen J. Astringer, Esq.
                  POLSINELLI PC
                  222 Delaware Avenue, Suite 1101
                  Wilmington, Delaware 19801
                  Tel: (302) 252-0920
                  Fax: (302) 252-0921
                  Email: cward@polsinelli.com
                         skatona@polsinelli.com
                         sastringer@polsinelli.com

Debtor's
Financial
Advisor &
Investment
Banker:           CANDLEWOOD PARTNERS, LLC

Debtor's
Notice,
Claims,
and Balloting
Agent:            KURTZMAN CARSON CONSULTANTS LLC
                  https://www.kccllc.net/bayousteel

Bayou Steel BD Holdings'
Estimated Assets: $0 to $50,000

Bayou Steel BD Holdings'
Estimated Liabilities: $50 million to $100 million

The petition was signed by Alton Davis, president and chief
operating officer.

A full-text copy of Bayou Steel BD Holdings' petition is available
for free at:

             http://bankrupt.com/misc/deb19-12153.pdf

List of Debtor's 30 Largest Unsecured Creditors:

   Entity                           Nature of Claim   Claim Amount

   ------                           ---------------   ------------
1. Tokai Carbon GE LLC                Trade Claim       $2,745,736
Kelly Correll
6210 Audry Kell Road, Suite 270
Charlotte, NC 28277
Tel: 704-593-5123
Email: kelly.correll@tokaicarbonusa.com

2. Tri Coastal Trading LLC            Trade Claim       $1,594,630
    
11931 Wickchester, Suite 201
Houston, TX 77043
Tel: 281-902-0260

3. Alter Trading Corporation          Trade Claim       $1,095,061
700 Office Parkway
St. Louis, MO 63141-7124
Tel: 314-872-2400

4. Barfield Enterprises, Inc.         Trade Claim         $888,253
Christine Bossier
PO Box 218
New Boston, TX 75570
Tel: 985-651-4533
Email: cmbossier@aol.com

5. The David J Joseph Company         Trade Claim         $875,031
PO Box 632960
Cincinatti, OH 45263-2960
Tel: 402-590-2080

6. Kodiak Metals Recycling Inc.       Trade Claim         $849,694
James Dickinson
1010 Avenue S
Dickinson, TX 77586
Tel: 281-339-2300
Email: ckl@kodiakresources.net

7. Minerais, U.S. LLC                 Trade Claim         $820,092
Andrew Cooke
105 Raider Blvd
Hillsborough, NJ 08844
Tel: 908-874-7666
Email: amc@mineraisusa.com

8. Proler Southwest Inc.              Trade Claim         $779,666
Linh Nguyen
PO Box 53028
Houston, TX 77052
Tel: 713-671-2900
Email: linh.nguyen@simsmm.com

9. Derichebourg Recycling USA, Inc.   Trade Claim         $776,448
Danielle Canga
7501 Wallisville Road
Houston, TX 77020-3543
Tel: 713-675-2285
Email: danielle.canga@derichebourg.com

10. La Scrap Metal Recycling          Trade Claim         $765,662
of B.R.
Daniel Richard
2527 Westport Drive
Port Allen, LA 70767
Tel: 225-389-1108
Email: drichard@lascrapmetal.com

11. Strickland Trading Inc.           Trade Claim         $758,253
B. Wallace
101 Carnoustie
Shoal Creek, AL 35242
Tel: 205-995-9550
Email: bwallace@stricklandtrading.com

12. Protrade Steel Company, Ltd.      Trade Claim         $752,954
5700 Darrow Road, Suite 114
Hudson, OH 44236
Tel: 330-655-3970
Email: atan@protradesteel.com
freightap@protradesteel.com

13. Pacific Foundry Company           Trade Claim         $657,398
136 Durham Avenue
New Jersey, NJ 08840
Tel: 732-767-9788
Email: zeno@pfcroll.com

14. River Parish Contractors Inc.     Trade Claim         $647,399
Shawn Becnel
4007 West Airline Hwy
PO Box 2650
Reserve, LA 70084-0545
Tel: 985-536-1425
Email: shawn.becnel@rpcontractors.com

15. La Scrap Processors               Trade Claim         $523,219
Daniel Richard
2200 Cameron Street
Lafayette, LA 70506
Tel: 337-654-4932
Email: drichard@lascrapmetal.com

16. Gong Chang %MPSI                  Trade Claim         $512,313
Dave Baldea
PO Box 4030
Carmel, IN 46082
Tel: 317-853-6979
Email: vikingsport@msn.com

17. Pull A Part                       Trade Claim         $463,521
Rebecca Kim
4473 Tilly Mill Road
Atlanta, GA 30360
Tel: 678-993-2513
Email: rebeccak@pullapart.com

18. Lhoist North America              Trade Claim         $451,825
John Beatty
3700 Hulen Street
Fort Worth, TX 76107
Tel: 800-388-8550
Email: john.beatty@lhoist.com

19. Diamond E Trucking                Trade Claim         $447,687
C Mitchell
214 Veterans Blvd
PO Box 1056
Denham Springs, LA 70726
Tel: 225-667-0111
     504-667-0111
Email: diamondetrucking@yahoo.com
  
20. Kone Cranes                       Trade Claim         $437,023
Keith Miner
3115 Laplace Lane
Laplace, LA 70068
Tel: 504-382-2332
Email: keith.miner@konecranes.com

21. JLE Industries, LLC               Trade Claim         $435,492
119 ICMI Road, Suite 210
Dunbar, PA 15431
Tel: 724-603-2228
Email: jamie.marchionda@jleindustries.com

22. Jefferson Iron & Metal            Trade Claim         $430,120
3940 Montclair Road #300
PO Box 131449
Birmingham, AL 35213
Tel: 205-803-5200
Email: danny@jeffiron.com

23. American State Equipment          Trade Claim         $428,018
2055 South 108th Street
Milwaukee, WI 53227
Tel: 414-541-8700
Email: mhocking@amstate.com

24. M. Brashem, Inc.                  Trade Claim         $416,656
14023 NE 18th Street
Bellevue, WA 98007
Tel: 425-641-1566
Email: mikeb@mbrashem.com

25. American Roll Group LLC           Trade Claim         $398,115
Kevin McCaffrey
28182 N Hayden Road
Scottsdale, AZ 85266
Tel: 480-502-9018
Email: rollvendor@gmail.com

26. Applied Industrial                Trade Claim         $392,519
5516 Powell Street
Harahan, LA 70183-3427
Tel: 504-733-7140
Email: sco273@applied.com

27. Scrap Connection                  Trade Claim         $385,036
Stacey Griffin
1954 Highway 182
Houma, LA 70364
Tel: 985-868-0489
Email: motorcrossmoma@yahoo.com

28. TMS International, LLC            Trade Claim         $378,736
12 Monongahela Ave
Glassport, PA 15045
Tel: 412-678-6141
Email: tminnier@tmsinternational.com

29. Rochester Iron and                Trade Claim         $361,536
Metal, Inc.
Michele Morgan
1552 E. Lucas Street
Rochester, IN 46975
Tel: 574-835-1699
Email: mmorgan@rochesteriron.com

30. Hisar Celik C O MPSI Rolls        Trade Claim         $357,700
Dave Baldea
PO Box 4030
Carmel, IN 46082-4030
Tel: 317-853-6234
Email: vkingsport@msn.com


BEACON ROOFING: S&P Rates New $300MM Senior Secured Notes 'BB'
--------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '1'
recovery rating to Beacon Roofing Supply Inc.'s proposed $300
million senior secured notes issuance. The proposed senior secured
notes will rank equally with the company's $970 million term loan,
which is unchanged and carries a 'BB' issue-level rating, with a
'1' recovery rating. Beacon plans to use the proceeds from the
notes offering to pre-fund the company's redemption of its $300
million senior unsecured notes due 2023 on Oct. 1, 2019.

However, the increased amount of senior secured debt will result in
diminished recovery available to unsecured lenders. As a result,
S&P has lowered the issue-level rating on Beacon's $1.3 billion
senior unsecured notes due 2025 to 'B-' from 'B' and revised the
recovery rating to '6' from '5'.

The '1' recovery rating on the Beacon's secured debt indicates
S&P's expectation for very high (90%-100%; rounded estimate: 90%)
recovery in a default scenario. S&P's '6' recovery rating on the
unsecured notes reflects its expectation of negligible recovery
(0%-10%; rounded estimate: 0%) in the event of a default.

Key analytical factors

-- S&P's assessment of recovery prospects contemplates a
reorganization value for the company of about $2.07 billion,
reflecting emergence EBITDA of about $345 million and a 6x
multiple. S&P's emergence EBITDA assumption contemplates a rebound
in profitability following the sharp cyclical downturn that the
rating agency believes is required for the company to default with
the present capital structure. As a result, S&P's EBITDA assumption
does not purport to represent a default-level EBITDA, which it
thinks could be substantially lower. The 6x multiple is within the
5x-6x range that S&P generally uses for building products
companies.

-- S&P's simulated default scenario contemplates a default in
2023, stemming from a downturn in the company's end markets (U.S.
residential and nonresidential roofing and reroofing), heightened
competition, and significant price increases imposed by suppliers
that cannot be passed on to customers. These adverse developments
hamper margins and cash flow, pressuring Beacon's ability to meet
its financial obligations and prompting the need for a bankruptcy
filing or restructuring.

-- For purposes of S&P's default scenario, it assumed aggregate
borrowings of about $725 million under the asset-based loan (ABL)
facility, representing usage of about 60% of the $1.2 billion U.S.
commitment amount.

-- S&P assumes the collateral package for Beacon's secured debt
will encompass all of the available reorganization value. Only a
small portion of the reorganization value is unencumbered under
S&P's analysis, representing the equity value of foreign
subsidiaries not pledged to secure the term loan.

Simulated default assumptions

-- Year of default: 2023
-- EBITDA at emergence: $345 million
-- Implied enterprise value (EV) multiple: 6x
-- Gross EV: $2.07 billion

Simplified waterfall

-- Obligor (U.S. operations)/nonobligor (Canadian operations)
valuation split: roughly 95%/5% ($1.97 billion/$105 million)

-- Valuation split (net 5% administrative costs): $1.87
billion/$100 million

-- Priority claims and adjustments (60% usage of the $1.2 billion
U.S. ABL facility): $725 million

-- Priority nonobligors claims: $60 million

-- Collateral from nonobligor (65% stock pledge of remaining $35
million net EV at nonobligors after subtracting secured nonobligors
claims): $25 million

-- Total collateral value for secured claims ($1.14 billion U.S.
value remaining after coverage of ABL facility plus $25 million
remaining collateral from nonobligor): $1.17 billion

-- Secured claims (Total term loan claim*: $950 million, proposed
senior secured notes: $305 million): $1.25 billion

-- Recovery expectation for term loan: 90%-100% (rounded estimate:
90%)

-- Unpledged value available to unsecured claims: $15 million

-- Estimated unsecured claims: $1.31 billion

-- Recovery expectation for senior notes: 0%-10% (rounded
estimate: 0%)

*Senior secured claim amount reflects $925 million of term loan
principal, less payment of scheduled amortization of 1% per year
through 2022, plus an assumption for accrued but unpaid interest
outstanding at default.


BUTLER SPECIALTIES: Sets Bidding Procedures for All Assets
----------------------------------------------------------
Butler Specialties, Inc., T/A Butlerbuilt Motorsports Equipment,
Inc., asks the U.S. Bankruptcy Court for the Middle District of
North Carolina to (i) authorize the bidding and sales procedures,
and (ii) approve its agreement with stalking horse bidder if one is
procured, in connection with the sale of all assets by auction.

The Debtor's business was adversely impacted by alleged tax fraud
and embezzlement committed by an ex-officer and employee of the
business to the point that it could not recover.  As of the
Petition Date, its assets consist of real and personal property
with a total value of $1,186,847 based on the following: (a) Real
property worth $910,000; (b) bank accounts with a combined balance
of $20,465; (c) accounts receivable of approximately $116,823; (d)
inventory worth approximately $75,000; and (e) office furniture and
equipment worth $64,560.

Its investment banker, Three Twenty-One Capital Partners, LLC,
continues to investigate the Assets of the Debtor to ensure that
the maximum value will be received for the same.  It has not
located a "stalking horse" bidder to date but continues to seek and
hopes to secure the same.  If a stalking horse bidder arises, 321
Capital Partners will continue to market the Debtor's business and
assets to other interested strategic buyers or investors.  In the
event competitive bids are received by Debtor, a stalking horse's
offer would be an opening bid at an auction sale, and other
interested parties would be invited to submit competitive bids.

The Assets are encumbered by the security interests of the Internal
Revenue Service and North Carolina Department of Revenue ("NCDOR").
The IRS filed a proof of claim asserting claims totaling
$3,143,734 including a secured claim of $1,180,685 that is secured
by properly perfected security interests in substantially all of
the Assets.  The NCDOR filed a proof of claim asserting claims
totaling $826,630 including a secured claim of $826,413 that is
secured by properly perfected security interests in substantially
all of the Debtor's Assets.  The IRS has superior liens to the
NCDOR, and there is no value in property of the Debtor above the
liens of the IRS that would secure the claim of the NCDOR.  The
Debtor is not aware of any liens, claims, encumbrances or interests
in the Assets, other than the claims and liens of the IRS and
NCDOR.

In order to obtain the highest and otherwise best bid for the
Assets and to facilitate an orderly and effective competitive sale,
the Debtor and 321 Capital Partners propose these bidding and sale
procedures:

     a. 321 Capital Partners will have a marketing period ending on
Sept. 27, 2019 to solicit offers for the Assets.

     b. Any person or entities wishing to participate in the
Competitive Sale1 process will deliver as soon as reasonably
possible a properly and validly executed Confidentiality and
Non-Disclosure Agreement ("NDA") to Ryan Oleski and Devin Hudgins,
321 Capital Partners, 5950 Symphony Woods Road, Columbia, MD,
21044, ryan@321capital.com and devin@321capital.com.  The deadline
for submitting an NDA is Sept. 27, 2019.  

     c. Upon receipt of an NDA, 321 Capital Partners will determine
whether an interested purchaser qualifies to participate in the
Competitive Sale.  321 Capital Partners will retain discretion to
determine whether an interested entity is a Qualified Bidder.  At a
minimum, a Qualified Bidder will have the financial wherewithal to
consummate the proposed transaction, including the willingness to
provide details financial information to 321 Capital Partners to
verify such financial wherewithal.

     d. 321 Capital Partners will notify an entity who has
delivered an NDA regarding whether or not the entity has been
approved as a Qualified Bidder within one business day following
the date upon which 321 Capital Partners has approved the same as a
Qualified Bidder.

     e. If (1) there is a Stalking Horse Bid and a Qualified Bid is
received by the Bid Deadline, or (2) there is no Stalking Horse Bid
and more than one Qualified Bid is received before the Bid
Deadline, then 321 Capital Partners will conduct a competitive sale
of the Assets pursuant to these Bidding and Sale Procedures on Oct.
3, 2019, at 11:00 a.m. in the office of the Nardone Law Firm, PLLC
located at 241 Church Street NE, Concord, North Carolina.
     
     f. In order to attend the Competitive Sale, a Qualified Bidder
must deliver, on the Bid Deadline, (i) an executed Asset Purchase
Agreement and (ii) either a version of the executed APA marked to
show the changes against the APA or an electronic version in Word
of the executed APA to: Devin Hudgins, 321 Capital Partners, 5950
Symphony Woods Road, Columbia, MD, 21044, ryan@321capital.com and
devin@321capital.com.

     g. 321 Capital Partners will in its discretion determine
whether any APA submitted qualifies as a Qualified Bidder to
participate in the Competitive Sale.

     h. The Qualified Bidder is required to make a good faith
deposit in the amount equal to 10% of the total consideration to be
paid for the assets to be purchased by the Qualified Bidder within
one business day of the execution date of the APA.

     i. The sale is "as-is, where-is" with no warranties express or
implied by the Debtor or 321 Capital Partners.

     j. 321 Capital Partners will send, on Sept. 30, 2019, a
written Competitive Sale invitation to all Qualified Bidders, if
more than one Qualified Bidder participated in the bidding, who
submitted a Qualified Bid.  321 Capital Partners will disclose all
Qualified Bids to any stalking horse bidder.

     k. If there is no stalking horse bid and only one Qualified
Bid is received, the one Qualified Bid will be the "Winning Bid"
and the Debtor will ask Court approval of the sale to the one
Qualified Bidder pursuant to Section 363 of the Code at a hearing
on or prior to Oct. 16, 2019, subject to the Court's availability.

     l. If more than one Qualified Bid is received, 321 Capital
Partners will conduct a Competitive Sale on Oct. 3, 2019 at the
Nardone Law Firm, PLLC, 241 Church Street NE, Concord, North
Carolina at 11:00 a.m.

     m. 321 Capital Partners will commence the Competitive Sale by
announcing the opening bid.  Thereafter, Competitive Sale
participants may submit bids that are higher and better than a
prior bid in increments of at least $5,000 until, after
consultation with the Debtor, 321 Capital Partners selects a
successful bid.

     n. Sale Hearing: Oct. 16, 2019 at 2:00 p.m.

     o. Sale Objection Deadline: Oct. 9, 2019



The Debtor asks authority to sell the Assets, after which it may
file a Plan of Liquidation which will classify and treat claims
against its estate or convert the proceeding to a Chapter 7
proceeding.

It asks entry of an Order by the Court:  (i) approving the Bidding
and Sale Procedures; (ii) approving the form and manner of the Sale
Notice; (iii) authorizing the Debtor and 321 Capital Partners to
engage in any and all conduct necessary or appropriate to carry out
the Bidding and Sale Procedures; (iv) scheduling a Competitive Sale
for 11:00 a.m. on Oct. 3, 2019 at the Sale Location if more than
one Qualified Bid is placed; (v) scheduling a hearing for Oct. 16,
2019 at 2:00 p.m. (or such other date or time amenable to the
Court); (vi) authorizing 321 Capital Partners and/or the Debtor to
sell the Real Property, Personal Property, and/or Assets free and
clear of all liens; and (vii) establishing Oct. 9, 2019 as the
deadline to object to the proposed sale.

A copy of the form of APA and the Bidding Procedures attached to
the Motion is available for free at:

      http://bankrupt.com/misc/Butler_Specialties_117_Sales.pdf
  
                    About Butler Specialties

Founded in 1981, Butler Specialties, Inc. --
https://www.butlerbuilt.net/ -- is a manufacturer of motorsports
car seats.  Located in Concord, N.C., Butler also offers safety
products for the motorsports industry and is a dealer for Arai
Helmets, Hooker Harness seat belts and NecksGen Head and Neck
Restraints.  

Butler Specialties sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D.N.C. Case No. 19-50417) on April 23,
2019.  At the time of the filing, the Debtor disclosed $1,180,685
in assets and $3,821,628 in liabilities.  

The case is assigned to Judge Lena M. James.  

Nardone Law, PLLC, is the Debtor's bankruptcy counsel.  Three
Twenty-One Capital Partners, LLC, is the Debtor's investment
banker.


C & S JANITORIAL: Unsecureds to Get Monthly Payments in 10 Years
----------------------------------------------------------------
C & S Janitorial Services, Inc., filed with the U.S. Bankruptcy
Court for the Southern District of Texas, Houston Division, a
proposed plan of reorganization that proposes to pay unsecured
creditors in installment over 10 years, until paid in full.

The general unsecured creditors are owed $536,216.  To reimburse
the debtor for shareholder loans, Mr. and Mrs. Limon will
contribute $4,500 per month to the debtor for 120 months to pay
these creditors in full.  The monthly payment to these creditors
will be $4,500 per month and will be paid on a pro rata basis to
all allowed general unsecured creditors with the first payment
being due and payable on the 15th day of the first full month 60
days following the effective date of the plan.

The shareholders of the Company -- Maria C. Limon (70%) and Sergio
Limon (30%) -- will not receive any dividends unless and until all
creditors are paid in full pursuant to the Plan.

A full-text copy of the explanatory Disclosure Statement dated
Sept. 26, 2019, is available at https://tinyurl.com/yxjar3td from
PacerMonitor.com at no charge.

                  About C & S Janitorial Services

Sergio and Maria Limon, business owners of C & S Janitorial
Services, Inc., founded C & S Janitorial Services in 1991.  With
their strong leadership and work ethics, C & S Janitorial Services
has now become one of Houston's leading janitorial companies.
Today, C&S Janitorial manages facility services for industrial,
corporate, government clients, and medical facilities in Houston
and surrounding areas.

C & S Janitorial Services, a full-service janitorial company based
in Houston, Texas, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Case No. 19-31497) on March 19,
2019.  It previously sought bankruptcy protection on July 10, 2014
(Bankr. S.D. Tex. Case No. 14-33846).  At the time of the new
filing, the Debtor was estimated to have assets of less than
$50,000 and liabilities of $1 million to $10 million.  The Debtor
tapped the Law Office of Margaret M. McClure as its legal counsel.


CALIFORNIA MUNICIPAL FINANCE: S&P Alters Outlook to Neg.
--------------------------------------------------------
S&P Global Ratings revised the outlook on its 'BB+' rating on
California Municipal Finance Authority's series 2011A-1 multifamily
housing revenue bonds, issued for Griffin of LA L.P.'s Casa Griffin
apartments project, to negative from positive and affirmed the
rating.

The negative outlook reflects S&P's opinion of the project's
substantially decreased net operating income in fiscal 2018 based
on a large expenditure increase that resulted in much-weaker
maximum annual debt service coverage of 1.13x. During S&P's review
following fiscal 2017 financial results, which included that year's
maximum annual debt service coverage of 1.31x, it maintained a
positive outlook because it expected stronger operations for fiscal
2018 and did not envision continued volatility. A change in the
outlook is warranted due to the sharp and unexpected deterioration
of financial results in fiscal 2018 and S&P Global Ratings
expectation operations could deteriorate further based on fiscal
2019 projections. The outlook revision also reflects the rating
service's revised strategy-and-management assessment to vulnerable
from adequate based on a short-term strategic plan and informal
succession plan. In addition, a lower Real Estate Assessment Center
score and S&P Global Ratings' revised
financial-policies-and-practices assessment to adequate from strong
factored into the outlook revision.

"We think we could lower the rating within the one-year outlook
period if maximum annual debt service coverage were to decrease
below 1.1x, loss coverage were to weaken again, or occupancy were
to decrease to levels we consider more commensurate with
lower-rated peers," said S&P credit analyst Emily Avila. "We could
revise the outlook to stable if occupancy were to remain high,
housing-assistance-payment revenue were to remain stable, maximum
annual debt service coverage were to remain above 1.1x, and loss
coverage were to remain adequate."

Officials used series 2011A-1 bond proceeds to finance the
acquisition and rehabilitation of a multifamily apartment complex
known as Casa Griffin apartments in Los Angeles.


CARE PRODUCTS: Expedited Cash Motion Denied Due to Non-Appearance
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas denied
the expedited motion to use cash collateral filed by Care Products,
Inc., there being no appearances at the Sept. 27, 2019 hearing.   


                     About Care Products

Care Products, Inc., is a manufacturer of household and
institutional furniture and kitchen cabinet.  Its manufacturing
facilities are located on a 1.46 acre tract out of Lot 135, Pride
O'Texas Subdivision, City of McAllen, Hidalgo County, Texas.

Care Products, Inc., filed a voluntary petition for relief under
Chapter 11 of Title 11 of the United States Code (Bankr. S.D. Tex.
Case No. 19-70023) on Jan. 23, 2019.  In the petition signed by
Charles L. Graham, president, the Debtor disclosed $520,123 in
assets and $1,254,809 in liabilities.  Jana Smith Whitworth, Esq.,
at JS Whitworth Law Firm, PLLC, represents the Debtor.



CARLSTAR HOLDINGS: S&P Withdraws 'B-' Issuer Credit Rating
----------------------------------------------------------
S&P Global Ratings withdrew its 'B-' issuer credit rating on
specialty tire and wheel manufacturer Carlstar Holdings LLC at the
issuer's request. The issuer requested the withdrawal because all
of its debt is privately placed, following the June 2019
refinancing. The rating outlook was stable the time of the
withdrawal. S&P also withdrew its issue-level ratings on the
company's term loan facility.



CIT BANK: Fitch Rates $550MM of 2.9% Unsec. Notes Due 2025 'BB+'
----------------------------------------------------------------
Fitch Ratings assigned a 'BB+' rating to CIT Bank, N.A.'s $550
million of 2.969% senior unsecured fixed-to-floating rate notes due
2025. Fitch has also assigned CIT Bank's senior unsecured and
subordinated debt shelf ratings of 'BB+' and 'BB', respectively.

In November 2018, Fitch affirmed CIT Bank's Long-Term Issuer
Default Rating and Viability Rating (VR) at 'BB+' and 'bb+',
respectively, and revised the Outlook to Positive.

KEY RATING DRIVERS

SENIOR DEBT

As per Fitch's Global Bank Rating Criteria, CIT Bank's senior
unsecured debt rating is equalized with its Long-Term IDR.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

CIT Bank's subordinated debt rating is one notch below CIT Bank's
VR for loss severity in accordance with Fitch's Global Bank Rating
Criteria.

RATING SENSITIVITIES

SENIOR DEBT

CIT Bank's senior unsecured debt rating is broadly sensitive to the
same considerations that would affect its Long-Term IDR.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

CIT Bank's subordinated debt rating is sensitive to any change in
CIT Bank's VR.


CL AND MEW: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: CL and Mew Company, LLC
        2316 Southern Avenue, SE
        Washington, DC 20020

Business Description: CL and Mew Company, LLC classifies its
                      business as Single Asset Real Estate (as
                      defined in 11 U.S.C. Section 101(51B)).
                      Its principal assets are located at 2628
                      Martin Luther King, Jr. Avenue, SE
                      Washington, DC 20020.

Chapter 11 Petition Date: September 30, 2019

Court: United States Bankruptcy Court
       District of Columbia (Washington, D.C.)

Case No.: 19-00651

Judge: Hon. S. Martin Teel, Jr.

Debtor's Counsel: Craig A. Butler, Esq.
                  THE BUTLER LAW GROUP, PLLC
                  1455 Pennsylvania Avenue, NW, Suite 400
                  Washington, DC 20004
                  Tel: 202-587-2773
                  Fax: 202-591-1727
                  E-mail: cbutler@blgnow.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Carlton Warner, managing member.

The Debtor stated it has no unsecured creditors.

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

          http://bankrupt.com/misc/dcb19-00651.pdf


COPELAND & LANE: Seeks to Use Cash Collateral to Sustain Operations
-------------------------------------------------------------------
Copeland & Lane Investments LLP asks the U.S. Bankruptcy Court for
the District of Connecticut to authorize use of cash collateral in
order to continue operations without interruption.

The Debtor proposes to grant its secured creditors replacement
liens in all of the Debtor's post-petition property.  The Debtor
also plans to negotiate a monthly interest proposal with Rosenblit
Enterprises LLC regarding the Debtor's obligation to Rosenblit
Enteprises which still has over $500,000 in principal balance
outstanding.

               About Copeland & Lane Investments

Copeland & Lane Investments LLP operates two real estate properties
for rent in Hartford, Connecticut.  The Debtor filed a Chapter 11
bankruptcy petition (Bankr. D. Conn. Case No. 21628) in Hartford,
Connecticut, on Sept. 20, 2019.  The LAW OFFICE OF ZAID HASSAN LLC
is counsel to the Debtor.


CROCKETT COGENERATION: S&P Affirms CCC+ ICR; Rating Off Watch Neg.
------------------------------------------------------------------
S&P Global Ratings said the ratings on Crockett Cogeneration LP
(Crockett) are expected to remain in the 'CCC' category while
Pacific Gas & Electric Co.'s bankruptcy case progresses given its
reliance on PG&E for its revenues.

S&P removed the rating on Crockett from CreditWatch with negative
implications, affirmed its 'CCC+' rating, and assigned a developing
outlook to the project's debt.

Crockett is a 240-megawatt natural gas-fired electric cogeneration
plant project in Crockett, Calif., about 25 miles east of San
Francisco. Crockett is a qualifying facility selling power to PG&E
under a PPA that expires on May 26, 2026, and steam to C&H Sugar
Co. Inc. under an agreement that also expires in 2026.

"Our developing outlook reflects that we may upgrade or downgrade
the rating, depending on future developments. We are likely to
raise our rating on Crockett if its PPSA terms are unchanged and
PG&E emerges from bankruptcy with a rating above 'CCC+'. We see
this as the most likely rating path for the project," S&P said.

Although there is no guarantee the company's plan will be
implemented as filed, the apparent intent of the company to keep
its current contracts bodes well for existing suppliers and, in
S&P's view, increases the prospects for the project's contract
surviving the process.

"The developing outlook also reflects, however, that should the
plan be modified or replaced and it becomes clear that a rejection
or renegotiation of the contract is likely, we could lower the
ratings within the 'CCC' or 'CC' categories. Moreover, if lenders
exercise their rights under the project documents relating to
events of default, including termination and acceleration of
project debt, we could also lower the rating," S&P said.


CUKER INTERACTIVE: Exclusivity Period Extended Until Feb. 29
------------------------------------------------------------
Judge Louise Decarl Adler of the U.S. Bankruptcy Court for the
Southern District of California extended Cuker Interactive, LLC's
exclusivity period for filing a plan through the earlier of (i) 30
days following the filing of the decision by the Eighth Circuit
Court of Appeal in the matter known as Wal-Mart, Inc. v. Cuker
Interactive, LLC, Consolidated Case Nos. 18-1959 and 18-2081 and
(ii) Feb. 29, 2020.

Judge Adler also extended Cuker's exclusivity period  for obtaining
acceptances of such plan to a date which is 60 days following the
date established above.

                     About Cuker Interactive

Cuker Interactive, LLC -- https://www.cukeragency.com/ -- is a
digital marketing, design, and eCommerce agency growing brands in
today's connected world.  

Cuker Interactive, based in Carlsbad, CA, filed a Chapter 11
petition (Bankr. S.D. Cal. Case No. 18-07363) on December 13, 2018.
In the petition signed by CEO Aaron Cuker, the Debtor estimated $10
million to $50 million in assets and $1 million to $10 million in
liabilities.  The case has been assigned to Judge Louise Decarl
Adler.  Michael D. Breslauer, Esq., at Solomon Ward Seidenwurm &
Smith, LLP, serves as the Debtor's bankruptcy counsel.

No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Cuker Interactive, LLC as of March 6,
according to a court docket.



DAVID'S BRIDAL: S&P Withdraws 'CCC+' Issuer Credit Rating
---------------------------------------------------------
S&P Global Ratings withdrew its rating on David's Bridal at the
company's request. S&P also withdrew its issue-level ratings on the
company's exit term loan facility. S&P's rating on the company was
'CCC+' and its outlook was negative at the time of withdrawal.

The withdrawal follows the company's restructuring, which it
completed earlier this year. As a result of the consolidated
ownership and lending group, a public rating is no longer
required.



DIAMOND OFFSHORE: S&P Cuts ICR to 'CCC+' on Unsustainable Leverage
------------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S.-based
offshore drilling contractor Diamond Offshore Drilling Inc. to
'CCC+' from 'B'. The outlook is stable.

S&P also lowered the issue-level rating on the company's senior
unsecured debt to 'CCC+' from 'B'. The recovery rating on this debt
remains '4'.

The downgrade reflects S&P's view that Diamond's operating margins
have meaningfully weakened, and will remain depressed for the next
one to two years as utilization and dayrates for offshore drilling
rigs remain subdued. Although floater utilization has picked up
from trough levels in 2017, recent fixtures for floaters have been
relatively short term (less than 12 months) and dayrates are still
close to breakeven levels. At the same time, extended downtime
between contracts, ongoing maintenance expenses, and reactivation
and upgrade costs have squeezed margins for the contract drillers.
For Diamond in particular, EBITDA margins in the second quarter of
2019 were negative, and S&P estimates they will average less than
5% for full-year 2019 and around 5% in 2020. Based on its revised
assumptions, S&P forecasts Diamond's leverage will be at
unsustainable levels, with funds from operations (FFO) to debt
slightly below 0% and debt to EBITDA of over 25x, in 2019 and 2020.
Importantly, the company's strong liquidity position should allow
it to continue to meet its financial obligations over the next one
to two years.

The stable outlook reflects S&P's view that despite unsustainable
leverage, the company's strong liquidity should allow it to
continue to meet its financial and other obligations over at least
the next one to two years.

"We could lower the rating if liquidity deteriorated, which would
most likely occur if the nascent recovery in the offshore drilling
sector reversed and Diamond was unable to recontract rigs at
favorable dayrates," S&P said.

"We could raise the rating if we expect FFO to debt to approach 12%
and debt to EBITDA to approach 5x for a sustained period, which
would most likely occur in conjunction with an industry recovery,"
S&P said.


DREAM BIG RESTAURANTS: Food Chain Seeks Access to Over $1M Cash
---------------------------------------------------------------
Dream Big Restaurants seeks permission from the U.S. Bankruptcy
Court for the District of South Carolina to use on an interim basis
$1,050,488 in cash collateral pursuant to the budget, to be able to
continue business operations until the Court issues a final order
on its cash request.  

The budget provides for $259,697 in total disbursements for the
week ended Oct. 6, 2019, including $73,861 for food disbursements;
$68,565 for crew labor cost; $12,737 in administrative salaries;
and $1,000 for adequate protection payment to TD Bank, N.A.  A copy
of the Budget at Exhibit D can be accessed for free at:
http://bankrupt.com/misc/Dream_Big_4(2)_Exh_D_Budget.pdf

Aside from the $1,000 monthly payment to TD Bank, the Debtor also
proposes to provide replacement liens to TD Bank, the State of
South Carolina and certain merchant cash advance (MCA) creditors.
Moreover, the Debtor seeks to put into the client trust account of
its proposed general bankruptcy counsel $15,000 monthly for
professional fees incurred, to the extent allowed by the Court.  

The Debtor seeks a final hearing on its request.

                  About Dream Big Restaurants

Dream Big Restaurants LLC operates McDonald's restaurant franchises
at eight locations in Greenville and Greer, South Carolina.  

The Company sought Chapter 11 protection (Bankr. D.S.C. Case No.
19-05090) on Sept. 27, 2019, in Spartanburg, South Carolina.  In
the petition signed by Phillip K. Wilkins, authorized member, the
Debtor was estimated to have assets at $1 million to $10 million
and liabilities at $10 million to $50 million.  The Hon. Helen E.
Burris is the case judge.  SKINNER LAW FIRM, LLC, is the Debtor's
local counsel; and SCHAFER AND WEINER, PLLC, is the Debtor's
general counsel.


ELM HEATING: Court Grants Continued Cash Access Until Oct. 31
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
authorizes Elm Heating & Cooling, Incorporated, to continue using
cash collateral on an interim basis through Oct. 31, 2019, pursuant
to the budget.  

The Court rules that:

   * The Lender, Randall Dellenbach, is granted a replacement lien
to the extent of the diminution in value of the perfected interest
in the cash collateral, as well a grant of Section 507(b) claim.  


   * The Debtor must furnish the Lender a budget-to-actual report
for the month of Sept. 2019 by Oct. 14, 2019.  

   * Any party-in-interest may challenge and investigate on the
Lender's claim until Nov. 12, 2019.  

Final hearing on the motion is set for Oct. 24 at 10:30 a.m.
Objections must be filed by 5 p.m. of Oct. 22, 2019.

A copy of the Interim Order and the approved Budget can be accessed
for free at:

       http://bankrupt.com/misc/Elm_Heating_39_Cash_ORD.pdf

                    About Elm Heating & Cooling

Elm Heating & Cooling, Incorporated, is a provider of heating,
ventilating and air conditioning services in River Grove, Illinois.


Elm Heating & Cooling sought Chapter 11 protection (Bankr. N.D.
Ill. Case No. 19-22960) on Aug. 14, 2019 in Chicago, Illinois.  In
the petition signed by Melanie Powers, owner, the Debtor was
estimated to have $100,000 to $500,000 in assets and $1 million to
$10 million in liabilities.  The case is assigned to Judge Benjamin
A. Goldgar.  BACH LAW OFFICES, INC., represents the Debtor.


EUROPEAN FOREIGN: Seeks to Use Paradise Bank Cash Collateral
------------------------------------------------------------
European Foreign Domestic Auto Repair Centre, Inc., Boca East,
requests the U.S. Bankruptcy Court for the Southern District of
Florida to authorize use of the cash collateral of Paradise
Bank/U.S. Small Business Administration in order for the Debtor to
fund business operations.  

The Debtor proposes to grant Paradise Bank a first priority lien on
all cash generated from the Debtor's postpetition services.  As of
the Petition Date, the Debtor owes Paradise Bank approximately
$1,198,893.92.  

The Debtor seeks a hearing on Oct. 3, 2019 on the request.  

A copy of the Motion is available for no charge at:

      http://bankrupt.com/misc/European_Foreign_5_Cash_MO.pdf

                  About European Foreign Domestic

European Foreign Domestic Auto Repair Centre, Inc., Boca East,
d/b/a European Auto Service Centre, Inc., provides automotive
repair and maintenance services.

The Debtor sought Chapter 11 protection (Bankr. S.D. Fla. Case No.
19-22870) on Sept. 26, 2019 in West Palm Beach, Florida.  In the
petition signed by Steve Kranitz, president, the Debtor was
estimated to have assets of at least $50,000 and liabilities
between $1 million to $10 million.  The case is assigned to Judge
Erik P. Kimball.  FURRCOHEN P.A., is the Debtor's counsel.


EVERGREEN PALLET: Seeks Permission to Use Cash, Pay Secureds
------------------------------------------------------------
Evergreen Pallet, LLC, seeks permission from the U.S. Bankruptcy
Court for the District of Kansas to use cash collateral on an
interim basis to fund its business operations, through the earliest
of:

       (i) the date of entry of a final order on the cash
collateral request;  
      (ii) 45 days after entry of an interim order if no final
order has been entered by such date;
     (iii) the effective date of a reorganization plan;
      (iv) the closing of a sale of all or substantially all of the
Debtor's assets; or
       (v) the dismissal or conversion of its Chapter 11 case.

The monthly budget filed with the Court provides for $143,500 in
net employee payroll; $155,559 for inventory purchases; and $13,297
for payroll taxes, among others, a copy of which is available for
free at: http://bankrupt.com/misc/Evergreen_25(1)_Cash_Budget.pdf

The Debtor intends to pay Newtek Small Business Finance $12,000 on
its loan, by Nov. 1, 2019, and CDS Business Services Inc., at
$5,000 monthly.  The Debtor proposes to continue these payments
monthly until the earlier of:

    *  Jan. 1, 2020;
    *  the dismissal of the Chapter 11 case;
    *  the sale of its assets under Section 363 of the Bankruptcy
Code; or
    *  the confirmation of a Plan of Reorganization.

The Debtor also offers to grant Newtek and CDS a continuing
security interest in all cash collateral, and a replacement lien on
all of the Debtor's assets to the extent of the diminution in value
of the Lenders' interest, which security interest and lien will be
junior only to all existing valid, senior and enforceable perfected
security interest and lien.  

Moreover, the Debtor seeks a $15,000 carve-out for the retainer for
its counsel, plus additional sums approved by the Court for
professional fees and expenses during this case.  

Contemporaneous with this motion, the Debtor is seeking approval of
a post-petition financing in the form of a revolving line of credit
of up to 80% of outstanding accounts receivable proposed to be
secured by a grant to the DIP Lender of a first super priority
post-petition security interest in and lien on the Debtor's rights
in all chattel paper, accounts and general intangibles up to the
amount loaned post-petition, subject to any replacement lien or
adequate protection lien.

A copy of the Motion can be accessed for free at:

          http://bankrupt.com/misc/Evergreen_25_Cash_MO.pdf

                      About Evergreen Pallet

Evergreen Pallet LLC is a pallet supplier in Wichita, Kansas.  

Evergreen Pallet filed a petition seeking relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. D. Kan. Case No. 19-21983) on
Sept. 17, 2019.  In the petition signed by Jeffrey Ralls, member,
the Debtor listed assets at $1,316,600 and liabilities estimated at
$6,624,679.  Hon. Robert D. Berger is the case judge.  KRIGEL &
KRIGEL, PC, is the Debtor's counsel.


FALCON V: U.S. Has Issues With Plan Treatment of Mineral Leases
---------------------------------------------------------------
The United States of America, on behalf of the U.S. Department of
the Interior's Bureau of Land Management and the Office of Natural
Resources Revenue, objects to the confirmation of the Second
Amended Plan of Reorganization of Falcon V, LLC and its affiliated
debtors with Immaterial Modification dated August 16, 2019 and
September 13, 2019.

The U.S. further objects to the assumption list filed as document
No. 418-4 as part of the Plan Supplement in so far as it reflects
the assumption of federal mineral leases.

The U.S. objects to the confirmation of Debtors' Plan on the
grounds that:

    (1) The Plan's treatment of the federal mineral leases is
impermissibly at odds with non-bankruptcy law because of the
limitation it seeks to impose upon the audit of pre-assumption
periods;

    (2) The assumption of the mineral leases as contemplated by the
Plan is prohibited because the proposed assumption seeks to avoid
some of Debtors' obligations under the federal mineral leases; and


    (3) The U.S. does not consent to the assumption of the federal
mineral leases under the terms of the Plan; and pursuant to 11
U.S.C. § 365(c)(1) and the Assignment of Contract Act, absent the
United States' consent Debtors may not assume the federal mineral
leases.

According to the U.S., the Plan does not provide for the assumption
of all obligations under the federal leases and fails to provide
for the assumption of the federal mineral leases cum onere.

The U.S. is represented by:

       John J. Gaupp
       Assistant United States Attorney
       777 Florida Street, Suite 208
       Baton Rouge, Louisiana 70801
       Tel: (225) 389-0443
       Fax: (225) 389-0685
       E-mail: john.gaupp@usdoj.gov

                       Terms of the Plan

CLASS 3 - GENERAL UNSECURED CLAIMS (OTHER THAN TRADE CLAIMS AND THE
ANGELO GORDON CLAIM) are impaired. Each such Holder shall on the
Effective Date or, if such Claim is not Allowed as of the Effective
Date, as soon as practicable after such Claim becomes Allowed
receive its Pro Rata Share (determined exclusive of Prepetition
Lender Deficiency Claims but inclusive of the Class 4 Claims and in
each case without interest) of (i) the Creditors Trust Beneficial
Interests and (ii) the Class 3 Warrant Share.

CLASS 4 - ANGELO GORDON CLAIM are impaired. Each such Holder shall
for the benefit of the Holders of the Prepetition Lender Deficiency
Claims, receive its Pro Rata share (determined inclusive of the
Class 3 Claims and in each case without interest) of (i) the
beneficial interests in the Falcon Creditors Trust and (ii) the
Warrants.

The Reorganized Debtors will fund the Class 2 Cash Distribution
Account, and any other Cash Plan Distributions with Cash on hand,
including Cash from operations and borrowing under the DIP Credit
Agreement, and, as necessary under the Exit Facility.

A full-text copy of the First Amended Disclosure Statement dated
August 19, 2019, is available at https://tinyurl.com/y6cy4zj9 from
PacerMonitor.com at no charge.

A full-text copy of the First Amended Disclosure Statement dated
August 16, 2019, is available at https://tinyurl.com/y5qkyy6a from
PacerMonitor.com at no charge.

                     About Falcon V

Falcon V and ORX Resources are engaged in the oil and gas
extraction business.

Falcon V and ORX Resources have filed voluntary petitions seeking
relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. La.
Case No. 19-10547 and 19-10548) on April 10, 2019.  The petitions
were signed by James E. Orth, president and chief executive
officer.

At the time of filing, Falcon V estimated $10 million to $50
million in assets and $50 million to $100 million in liabilities
and ORX Resources estimated $100,000 to $500,000 in assets and $10
million to $50 million in liabilities.

Louis M. Phillips, Esq., at Kelly Hart & Pitre, is the Debtor's
counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on May 21, 2019.  HELLER, DRAPER, PATRICK, HORN
& MANTHEY, L.L.C., is the Committee's counsel.


FANNIE MAE & FREDDIE MAC: Treasury Details Plan for Profits
-----------------------------------------------------------
The U.S. Department of the Treasury and the Federal Housing Finance
Agency (FHFA) on Sept. 30, 2019, announced that they had agreed to
modifications to the Preferred Stock Purchase Agreements (PSPAs)
that will permit Fannie Mae and Freddie Mac to retain additional
earnings in excess of the $3 billion capital reserves currently
permitted by their PSPAs.

Under the modifications announced Sept. 30, Fannie Mae and Freddie
Mac will be permitted to maintain capital reserves of $25 billion
and $20 billion, respectively.  These changes to the PSPAs were
recommended in the Treasury Housing Reform Plan (Plan) released on
September 5, 2019.

"These modifications are an important step toward implementing
Treasury's recommended reforms that will define a limited role for
the Federal Government in the housing finance system and protect
taxpayers against future bailouts," said U.S. Treasury Secretary
Steven T. Mnuchin.

To compensate Treasury for the dividends that it would have
received absent these modifications, Treasury's liquidation
preferences for its Fannie Mae and Freddie Mac preferred stock will
gradually increase by the amount of the additional capital reserves
until the liquidation preferences increase by $22 billion for
Fannie Mae and $17 billion for Freddie Mac.

Treasury and each of Fannie Mae and Freddie Mac also agreed to
negotiate an additional amendment to the PSPAs that would further
enhance taxpayer protections by adopting covenants that are broadly
consistent with the recommendations for administrative reforms
contained in the Plan.

The Plan also recommended that Treasury and FHFA develop
recapitalization plans for Fannie Mae and Freddie Mac after
identifying and assessing the full range of strategic options.
Subsequent amendments to the PSPAs may be appropriate to facilitate
the implementation of any eventual recapitalization plans.

Copies of the Fannie Mae and Freddie Mac agreements are available
at:

          https://is.gd/eyEHwj
          https://is.gd/vgpFLt

                  About Fannie Mae and Freddie Mac

Federal National Mortgage Association (OTCQB: FNMA), commonly known
as Fannie Mae -- http://www.FannieMae.com/-- is a
government-sponsored enterprise (GSE) that was chartered by U.S.
Congress in 1938 to support liquidity, stability and affordability
in the secondary mortgage market, where existing mortgage-related
assets are purchased and sold.  Fannie Mae helps make the 30-year
fixed-rate mortgage and affordable rental housing possible for
millions of Americans.  The Company partners with lenders to create
housing opportunities for families across the country.

A brother organization of Fannie Mae is the Federal Home Loan
Mortgage Corporation (FHLMC), better known as Freddie Mac. Freddie
Mac (OTCBB: FMCC) -- http://www.FreddieMac.com/-- was established
by Congress in 1970 to provide liquidity, stability and
affordability to the nation's residential mortgage markets. Freddie
Mac supports communities across the nation by providing mortgage
capital to lenders.

                  About Fannie Mae's Conservatorship
                     and Agreements with Treasury

Fannie Mae has operated under the conservatorship of FHFA since
Sept. 6, 2008.  Treasury has made a commitment under a senior
preferred stock purchase agreement to provide funding to Fannie Mae
under certain circumstances if the company has a net worth deficit.
Pursuant to this agreement and the senior preferred stock the
company issued to Treasury in 2008, the conservator has declared
and directed Fannie Mae to pay dividends to Treasury on a quarterly
basis for every dividend period for which dividends were payable
since the company entered conservatorship in 2008.


FIRST FLORIDA: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case of
First Florida Living Options LLC, according to court dockets.
    
                About First Florida Living Options

First Florida Living Options LLC, d/b/a Hawthorne Health and Rehab
of Ocala, d/b/a Hawthorne Village of Ocala, d/b/a Hawthorne Inn of
Ocala, formerly known as Surrey Place of Ocala, based in Ocala,
Fla., filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
19-02764) on July 22, 2019.  The petition was signed by John M.
Crock, vice president of Florida Living Options, Inc., MGMR.  The
Debtor was estimated to have $1 million to $10 million in both
assets and liabilities as of the bankruptcy filing.  Johnson Pope
Bokor Ruppel & Burns, LLP serves as bankruptcy counsel.


FISHING VESSEL: Seeks Court Leave for Interim Cash Collateral Use
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Washington
authorizes Fishing Vessel Owners Marine Ways, Inc., to use cash
collateral on an interim basis to fund necessary and ordinary
business costs and expenses through the earlier of (i) Nov. 1,
2019, or (ii) the date of entry of a Court order terminating the
Debtor's authority to use cash collateral.

Mountain Pacific Bank is granted security interests and liens in
the same priority as the prepetition liens on all of the Debtor's
personal property, as well as on all rents and proceeds of the
post-petition collateral.  The Bank is also granted with
replacement liens that would remain in effect notwithstanding any
subsequent conversion or dismissal of the Debtor's case.

The Debtor will pay the Bank $1,100 as monthly adequate protection
beginning Oct. 10, 2019 and continuing monthly thereafter.  The
Debtor will timely pay the full amount of fees owing to the Clerk
of the Bankruptcy Court and the U.S. Trustee during the interim
period.

Final hearing on the motion is scheduled on Oct. 30, 2019 at 11
a.m., which may be continued from time to time.

A copy of the Interim Order is available at:

   http://bankrupt.com/misc/Fishing_Vessel_26_Cash_InterimORD.pdf

            About Fishing Vessel Owners Marine Ways

Fishing Vessel Owners Marine Ways, Inc. --
https://www.fishingvesselowners.com/ -- and  affiliate Seattle
Machine Works, Inc., are a full service shipyard and machine shop
located in the heart of Ballard's Fishermen's Terminal.  They
specialize in working with steel and wood fishing vessels, tug
boats, house boats, cruise boats and yachts.

Fishing Vessel Owners Marine Ways, Inc. and  affiliate Seattle
Machine Works, Inc., sought Chapter 11 protection (Bankr. W.D.
Wash. Case Nos. 19-13502 and 19-13504) in Seattle, Washington, on
Sept. 23, 2019.  In the petitions signed by Dan Payne, president
and CEO, Fishing Vessel reported $1,238,197 in total assets and
$1,459,312 in total liabilities; and Seattle Machine reported
$339,544 in total assets and $238,234 in total liabilities.  Judge
Marc Barreca is assigned the Debtors' cases.  BUSH KORNFELD LLP
represents the Debtors.




FIVE STAR: Effects Reverse Common Stock Split
---------------------------------------------
Five Star Senior Living Inc. effected on Sept. 30, 2019 a reverse
stock split of its shares of common stock, par value $.01 per
share, pursuant to Articles of Amendment to its charter which the
Company filed and which were effective that day at 4:01 p.m. in
order to regain compliance with the minimum $1.00 bid price per
share requirement of The Nasdaq Stock Market LLC's Marketplace Rule
5550(a)(2).  Pursuant to the Reverse Stock Split, every ten of the
Company's shares of common stock, par value $.01 per share, issued
and outstanding as of the Stock Split Time were converted and
reclassified into one share of its common stock, par value $.10 per
share, subject to the receipt of cash in lieu of fractional shares.
Pursuant to additional Articles of Amendment to the Company's
charter which the Company filed and which were effective at 4:15
p.m. on Sept. 30, 2019, the Company changed the par value of its
shares of common stock from $.10 per share back to $.01 per share.
The new CUSIP number for the Company's common stock is 33832D 205.

The Reverse Stock Split affected all record holders of the
Company's shares of common stock uniformly and did not affect any
record shareholder's percentage ownership interest in the Company,
subject to the receipt of cash in lieu of fractional shares.  The
Reverse Stock Split reduced the number of the Company's issued and
outstanding shares of common shares of common stock from
approximately 50.83 million to approximately 5.082 million.

                       About Five Star Senior

Headquartered in Newton, Massachusetts, Five Star Senior Living
Inc. -- http://www.fivestarseniorliving.com-- is a senior living
and healthcare services company.  As of June 30, 2019, Five Star
operated 282 senior living communities with 31,996 living units
located in 33 states, including 205 communities (21,912 living
units) that it owned or leased and 77 communities (10,084 living
units) that it managed.  These communities include independent
living, assisted living, continuing care retirement and skilled
nursing communities.  Five Star is headquartered in Newton,
Massachusetts.

Five Star incurred a net loss of $74.08 million in 2018, following
a net loss of $20.90 million in 2017.  As of June 30, 2019, the
Company had $1.25 billion in total assets, $270.09 million in total
current liabilities, $870.18 million in total long-term
liabilities, and $109.74 million in total shareholders' equity.

RSM US LLP, in Boston, Massachusetts, the Company's auditor since
2014, issued a "going concern" qualification in its report dated
March 6, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that the Company has
suffered recurring losses from operations and has an accumulated
deficit of $292.6 million.  This raises substantial doubt about the
Company's ability to continue as a going concern.


FOX VALLEY PRO: Seeks to Obtain $300K in DIP Loan from Two Willows
------------------------------------------------------------------
Fox Valley Pro Basketball, Inc., seeks interim and final approval
from the U.S. Bankruptcy Court for the Eastern District of
Wisconsin to obtain up to $300,000 in DIP financing, at an interest
rate of 9% per annum, from Two Willows, LLC, through the effective
date of a plan.  The Debtor intends to use the loan proceeds to
fund its operational cash requirements, pursuant to a budget.

The budget provides for total cash disbursements of $191,906 for
the period from Sept. 27 through Oct. 18, 2019, a copy of which can
be accessed for no charge at:    

          
http://bankrupt.com/misc/Fox_Valley_79(1)_Cash_Budget.pdf  

Other material terms of the proposed DIP loan include:

   (a) A loan fee of $9,000, and reasonable costs and fees of the
loan, including reasonable attorney fees, to be added to the
principal and payable at maturity;

   (b) Liens on all post-petition unencumbered assets, including
the TIF funds.  The TIF funds are rebates (unencumbered by
pre-petition liens) which the Debtor has the right to receive on a
yearly basis from the City of Oshkosh if the Debtor performs
certain requirements;

   (c) Subordination by Windward Wealth Strategies, Inc., of its
post-petition liens securing the $200,000 DIP loan Windward
provided the Debtor on Aug. 23, 2019;

   (d) Payment of all amounts due under the loan upon receipt of
the TIF funds.  Loans after that will be in the discretion of Two
Willows.

The $300,000 DIP loan will exist throughout the case -- until the
effective date of a plan, conversion to chapter 7, dismissal of the
case or the appointment of a chapter 11 trustee, whichever occurs
first.

The Debtor seeks an expedited hearing at 2 p.m. on Oct. 2, 2019, to
consider its request.

A copy of the motion is accessible for free at

       http://bankrupt.com/misc/Fox_Valley_79_Cash_MO.pdf

                  About Fox Valley Pro Basketball

Fox Valley Pro Basketball Inc. is the owner of the Menominee Nation
Arena in Oshkosh, Wis.  The Arena serves as the home of the
Wisconsin Herd of the NBA G League and the Wisconsin Glow women's
basketball team.

Fox Valley Pro Basketball sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Wis. Case No. 19-28025) on Aug. 19,
2019.  At the time of the filing, the Debtor was estimated to have
assets of between $10 million and $50 million and liabilities of
the same range.  The case is assigned to Judge Brett H. Ludwig.
Kerkman & Dunn is the Debtor's counsel.


FRANK INVESTMENTS: Needs Time For Approval of Sale, Las Olas Deal
-----------------------------------------------------------------
Frank Investments, Inc., a New Jersey Corporation and Frank
Theatres Management, LLC, asked the U.S. Bankruptcy Court for the
Southern District of Florida to extend by 90 days the exclusive
periods within which they can file and solicit acceptances for
their Chapter 11 plans, and the deadlines for them to file plans
and disclosure statements.  

Frank Investments and Frank Theatres require a modest amount of
time to consult with their real estate brokers, continue to value
and marshal assets, and consummate a settlement agreement with Las
Olas Riverfront, L.P.  

After substantial negotiations with Bancorp -- its largest
creditor, Frank Investments filed a chapter 11 plan on Feb. 15,
2019, which proposes the liquidation of several pieces of real
property owned by the company. To this end, the company has
employed brokers to market and sell the New Jersey Properties and
the Florida Property. The New Jersey Properties are being actively
marketed to potential purchasers, and Frank Investments has
recently filed a motion to sell the Florida Property.

A primary impetus in Frank Theatres' filing for bankruptcy relief
was the prepetition garnishment of its operating accounts by a
judgment creditor, Las Olas Riverfront, L.P. The funds at issue
were deposited in the registry of the court in November 2018. The
company has filed an adversary proceeding against Las Olas to,
inter alia, avoid any garnishment lien in the funds as a
preference.

Frank Theatres and Las Olas have reached a settlement to resolve
the adversary proceeding, pay the Las Olas claim, and release the
net funds from the court registry. Frank Theatres has filed a
motion to approve said settlement and a continued hearing on the
motion is scheduled for Oct. 3, 2019.

                     About Frank Investments

Each of Frank Investments, Frank Theatres and Frank Entertainment
is an affiliate of Rio Mall, LLC, which sought bankruptcy
protection (Bankr. S.D. Fla. Case No. 18-17840) on June 28, 2018.
Rio Mall, LLC, owns and operates commercial real property that
comprises the shopping center known as Rio Mall located at 3801
Route 9 South, Rio Grande, New Jersey.

Frank Entertainment Companies, LLC owns, operates, develops and
manages entertainment venues including nickelodeons, motion picture
theatres, arcades, restaurants, nightclubs, water parks, bowling
centers, game centers, skate parks, and other real estate
properties.

Frank Investments, Inc., based in Jupiter, FL, and its
debtor-affiliates sought Chapter 11 protection (Bankr. S.D. Fla.
Lead Case No. 18-20019) on Aug. 17, 2018.  The Hon. Erik P. Kimball
(18-20019), and Hon. Mindy A. Mora (18-20022 and 18-20023) oversee
the cases.  

In the petitions signed by Bruce Frank, president, Frank
Investments and Frank Entertainment estimated $10 million to $50
million in assets and liabilities; Frank Theaters, $10 million to
$50 million in assets and $50 million to 100 million in
liabilities.  

Bradley S. Shraiberg, Esq., at Shraiberg Landau & Page, P.A.,
serves as bankruptcy counsel.

No official committee of unsecured creditors has been appointed in
the Chapter 11 cases.



FRICTIONLESS WORLD: Case Summary & 15 Unsecured Creditors
---------------------------------------------------------
Debtor: Frictionless World, LLC
        1100 W. 120th Ave., Suite 600
        Westminster, CO 80234

Business Description: Frictionless World, LLC --
                      https://www.frictionlessworld.com --
                      is a provider of professional grade outdoor
                      power equipment, replacement parts for
                      tractors, hitches and agricultural
                      implements, gate and fence equipment,
                      lithium ion powered tools, and ice fishing
                      equipment.  The Company offers brands such
                      as Dirty Hand Tools, RanchEx, Redback,
                      Trophy Strike and Vinsetta Tools.

Chapter 11 Petition Date: September 30, 2019

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Case No.: 19-18459

Judge: Hon. Michael E. Romero

Debtor's Counsel: Aaron J. Conrardy, Esq.
                  WADSWORTH GARBER WARNER CONRARDY, P.C.
                  2580 W. Main Street, Suite 200
                  Littleton, CO 80120
                  Tel: 303-296-1999
                  Fax: 303-296-7600
                  E-mail: aconrardy@wgwc-law.com

                    - and -

                  David Wadsworth, Esq.
                  WADSWORTH GARBER WARNER CONRARDY, P.C.
                  2580 West Main Street, Suite 200
                  Littleton, CO 80120
                  Tel: 303-296-1999
                  Fax: 303-296-7600
                  E-mail: dwadsworth@wgwc-law.com

                    - and -

                  David Warner, Esq.
                  WADSWORTH GARBER WARNER CONRARDY, P.C.
                  2580 W. Main Street, Ste. 200
                  Littleton, CO 80120
                  Tel: 303-296-1999
                  Fax: 303-296-7600
                  E-mail: dwarner@wgwc-law.com

Total Assets: $14,600,503

Total Liabilities: $17,364,542

The petition was signed by Daniel Banjo, chief executive officer.

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

           http://bankrupt.com/misc/cob19-18459.pdf

List of Debtor's 15 Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Agtec Industries Pvt Ltd           Trade Debt          $338,553
38-B, Udyog Vihar,
Ecotech -II
Greater Noida, U.P. 201306
India

2. Atlas Denver                  Breach of Contract       $110,563
Industrial, LP
12001 N. Central
Expressway, Suite 875
Dallas, TX 75243

3. Bluesea Trailer                    Trade Debt           $13,387
Parts Co Ltd
Poli Huangdo
Qingdao China

4. Changzhou                          Trade Debt           $16,500
Henghao Special
Alloy Co., Ltd
No. 5-2, West Taihu Road
Xinbei District
Changzhou City JS China

5. Frictionless LLC                                    $12,645,740
Room 608, Caifu
Guangchang,
Yanzheng Middle Rd
Wujin District,
Changzhou 213000
China

6. Hong Kong                           Trade Debt           $6,864
Chinabase Intl. Grp.
4th Floor, B Block,
Jianhua Indst. Park
No 207-208 Qi Gu
Deng
Shou Shandong
Road, Hangzhou
China

7. Intradin Machinery                  Trade Debt       $1,386,720
Co [Huzhou]
No. 118 Dohui Road
Minhang District
Shanghai 201109
China

8. Kenneth Wilmes                       Disputed           $25,000
1388 Mt. Moriah Road                   Severance
Livermore, CO 80536

9. Ningbo NGP                          Trade Debt         $964,243
Industry Co., Ltd.
No. 88, Lane 666
Jinshan Road
Czone Jianbei
Investment Center
Ningbo, China

10. Sinotub Industry Co Ltd            Trade Debt          $20,496
D-802 Pufa Plaza
1759 North
Zhongshan Road
Shanghai, China

11. Syndigo                            Trade Debt          $12,690
833 E. South St.
Stoughton, WI 53589

12. Tiya International Co Ltd          Trade Debt       $1,119,369
B12B Shenye Center
9 Shangdong Rd
Qingdao 266071
China

13. Yongkang Legend                    Trade Debt          $37,170
Garden Machinery Factory
No. 501 Xita Road
Chengxi Industrial Zone
Yongkang City,
Zhejiang Prov., China

14. Z.L. Investment                     Contested               $0
Room 102, No. 18                       Litigation
Xin Ya Road                               Claims
Wujin High-Tech
District, Changzhou City
Jiangsu Province, China

15. Zhejiang Kc                         Trade Debt        $147,244
Mechanical & Electrical
No. 299 East Huaxi Road
Gushan Yongkang
Zhejiang, China


HAYWARD INDUSTRIES: S&P Alters Outlook to Negative, Affirms 'B' ICR
-------------------------------------------------------------------
S&P Global Ratings affirmed all ratings on New Jersey-based
swimming pool equipment manufacturer Hayward Industries Inc.,
including its 'B' issuer credit rating, its 'B' issue-level rating
on the $1 billion first-lien term loan maturing in August 2024 with
a '3' recovery rating, and its 'CCC+' issue-level rating on the
$205 million (outstanding) second-lien term loan maturing in August
2025 with a '6' recovery rating.

S&P revised the outlook to negative from stable, reflecting the
possibility that the company may not reduce leverage back within
the rating agency's expectation of below 7x in the next 12 months
if industrywide inventories do not sell through or if
weather-related performance weakness persists.

The company's performance trends will likely continue to be uneven
for the remainder of fiscal 2019, and leverage could remain
elevated if the underperformance continues in 2020. Hayward's
operating performance was below its expectations in the last two
quarters, driven by unfavorable weather in most parts of the U.S.
and Canada. Record-high precipitation and cool temperatures marked
the seasonally important months of May and June. Operating
performance was also slowed by excess inventory in the channel on
the back of tariff hike-led outsize price increases in the second
half of fiscal year 2018. The announced price increases pulled
forward purchases from retailers and distributors, overbuilding
inventory industrywide that is only now beginning to sell through.

The negative outlook reflects the potential for a lower rating if
Hayward doesn't reduce debt to EBITDA below 7x or generate at least
$40 million in FOCF annually over the next 12 months.

"We could lower our ratings on Hayward if sales decline more than
5%, caused either by increased competition, a housing downturn
resulting in consumer home equity to decline and pool owners to
delay purchases, or prolonged unfavorable weather. This would
derail efforts to reduce debt to EBITDA to 7x or lower by the end
of the third quarter of fiscal 2020 and generate at least $40
million in FOCF annually," S&P said, adding that it could also
consider a downgrade if Hayward adopts a more aggressive financial
policy or undertakes debt-financed acquisitions that sustain
leverage above 7x.

"We could revise our outlook on Hayward to stable if operating
performance stabilizes over the next several quarters and leverage
reduces below 7x. In addition, we would also expect the company to
continue generating annual FOCF above $40 million," the rating
agency said.  S&P expressed belief this could happen by the third
quarter of fiscal year 2020 if inventory normalizes by the end of
fiscal year 2019 and the company doesn't face more weather-induced
weak operating performance next year.


HD SUPPLY: S&P Puts 'BB+' Issuer Credit Rating on Watch Negative
----------------------------------------------------------------
S&P Global Ratings placed its ratings on Atlanta, Ga.-based
industrial distributor HD Supply Inc., including the 'BB+' issuer
credit rating, on CreditWatch with negative implications.

The CreditWatch placement follows the company's announcement that
it plans to separate into two independent, publicly traded
companies. S&P does not yet know the capital structure or financial
policy of the remaining entity, and its view of the company's
competitive position could diminish due to a reduction in overall
scale and end market diversity. Still, it expects the remaining
maintenance, repair, and operations (MRO) business to be less
cyclical, as the C&I segment is more heavily exposed to
nonresidential and residential construction activity. As of Feb. 3,
2019, revenues for the facilities maintenance and C&I businesses
were $3.1 billion and $3.0 billion, respectively, and facilities
maintenance's reported segment adjusted EBITDA margins surpassed
those of C&I by over 600 basis points. The company expects to
complete the transaction by the middle of fiscal 2020.

"The CreditWatch listing with negative implications reflects our
view that we could affirm or lower our ratings on HD Supply. We
will resolve the CreditWatch listing once we have greater clarity
regarding the company's post-transaction capital structure and
financial policy," S&P said, adding that its review will also focus
on the remaining business's competitive position, including scale
and diversity, as well as its expectation for the company's cash
flow and leverage volatility through a cyclical downturn.


HIGH LINER FOODS: S&P Alters Outlook to Stable, Affirms 'B' ICR
---------------------------------------------------------------
S&P Global Ratings revised its outlook on Nova Scotia-based frozen
seafood processor High Liner Foods Inc. to stable from negative and
affirmed its 'B' issuer credit rating on the company.

The rating agency also assigned its 'B' issue-level and '3'
recovery ratings to the company's proposed US$300 million secured
term loan B, the proceeds of which will be used to refinance
existing debt.

S&P forecasts High Liner's credit measures to improve to the mid-4x
area in the next 12 months. The outlook revision reflects the
rating agency's favorable view of the initiatives the company has
taken to reduce costs, as well as to drive efficiencies,
profitability, and strengthen its balance sheet. High Liner's
EBITDA (on an S&P's adjusted basis) for the first half of 2019, has
increased by about US$10 million compared with the same period last
year, largely because of distribution, selling, and general
administration cost savings. Furthermore, an approximately US$50
million debt repayment from higher free cash flows led to
improvement in the company's credit metrics such that S&P Global
Ratings' adjusted debt-to-EBITDA strengthened to about 5x for the
last 12 months to June 30, 2019, from the mid-6x area a year ago.
Despite some working capital drag for the second half of 2019, S&P
expects the deleveraging to continue and that High Liner will exit
2019 with debt-to-EBITDA in the mid-4x area. S&P's financial risk
profile captures the risks of greater volatility in credit measures
given low visibility on revenue turnaround amid shifting consumer
preferences and escalating tariffs.

The stable outlook reflects S&P's expectation that High Liner can
protect profitability from additional cost savings while slowly
addressing its revenue challenges through product innovation.
Against this backdrop, S&P believes the company can sustain debt to
EBITDA in the 4.5x-5.0x range over the next 12 months, a level
which the rating agency believes sufficiently supports the rating.

"We could raise the ratings on High Liner in the next 12 months if
debt-to-EBITDA improved to below 4x because of stronger business
fundamentals through revenue growth and stability in EBITDA
margins," S&P said.

"We could lower the ratings if adjusted debt-to-EBITDA weakened to
the mid-6x area due to deterioration of profit margins and free
cash flow. This scenario could unfold if High Liner faces
higher-than-anticipated revenue pressures or cost overruns," the
rating agency said.


HOME BOUND HEALTHCARE: Court Allows Use of Cash Thru Nov. 1
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
authorizes Home Bound Healthcare, Inc., to use cash collateral for
the period from Oct. 1, 2019 through Nov. 1, 2019.  

The Court also authorizes the Debtor to provide adequate protection
to the Internal Revenue Service, (IRA), the Illinois Department of
Revenue (IDOR), and CadleRock Joint Venture, LP, in the form of
replacement liens.  Moreover, the Debtor will pay (a) the IRS
$5,000, (b) IDOR $1,000, and (c) CadleRock $1,500, on Oct. 15, 2019
as adequate protection.  

A status hearing is set for Oct. 24, 2019 at 10 a.m.

                  About Home Bound Healthcare

Home Bound Healthcare, Inc., is a home health care company that
offers outpatient therapy, nursing, occupational, and
rehabilitation services.

Home Bound Healthcare, based in Flossmoor, IL, filed a Chapter 11
petition (Bankr. N.D. Ill. Case No. 19-05760) on March 5, 2019.  In
the petition signed by Julieta Mitra, president, the Debtor was
estimated to have $500,000 to $1 million in assets and $1 million
to $10 million in liabilities.  The Hon. Janet S. Baer oversees the
case.  John D. Ioakimidis, Esq., at John D. Ioakimidis, Attorney at
Law, serves as bankruptcy counsel to the Debtor.


HOUSTON GRANITE: Seeks Approval of 15-Day Cash Collateral Use
-------------------------------------------------------------
Houston Granite and Marble Center LLC, seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas, on an
emergency basis, to use cash collateral pursuant to a 15-day budget
in order to preserve the value of its business.   

The budget provides for $87,190 in total expenses, $30,000 of which
is for contract labor; and $20,000 each for payroll and materials.
A copy of the budget can be accessed for free at:

        
http://bankrupt.com/misc/Houston_Granite_9(2)_Cash_Budget.pdf

As adequate protection, the Debtor proposes to provide Millenial
Capital Management LLC (fka Exemplar Capital Management LLC);
Quicksilver Capital LLC; and Premier Capital Funding, with
replacement liens on post-petition accounts receivable to the
extent of the Lenders' pre-petition liens.   

The Debtor also proposes to pay Millenial $2,000 to be credited to
its outstanding judgment against the Debtor.  Millenial filed, in
June 2016, a lawsuit against the Debtor in the 125th District Court
of Harris County.

The Debtor seeks an emergency hearing on the Motion.  

A copy of the Motion is available for free at:

     http://bankrupt.com/misc/Houston_Granite_9_Cash_MO.pdf

            About Houston Granite and Marble Center

Houston Granite and Marble Center LLC, is a family owned and
operated company that supplies granite, marble, and other natural
stone products.  The Company previously filed a petition under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No.
16-31994) on April 16, 2016.

Recently, the Debtor sought Chapter 11 protection (Bankr. S.D. Tex
Case No. 19-35315) on Sept. 24, 2019.  In the petition signed by
John Sykoudis, member, the Debtor was estimated to have assets
between $1 million and $10 million, and liabilities of the same
range.

CAGE, HILL NIEHAUS LLP is the Debtor’s counsel.  



HVI CAT: Committee Hires Conway Mackenzie as Financial Advisor
--------------------------------------------------------------
The official committee of unsecured creditors of HVI Cat Canyon,
Inc. seeks authority from the U.S. Bankruptcy Court for the
Southern District of New York (Manhattan) to employ Conway
MacKenzie, Inc. as its financial advisor.

The firm will provide these services to the committee in connection
with the Debtor's Chapter 11 case:

     a. assist in the analysis, review and monitoring of the
restructuring process, including, but not limited to an assessment
of potential recoveries for general unsecured creditors;

     b. assist in the assessment and monitoring of any sales
process conducted on behalf of the Debtor and analysis of the
proposed consideration;

     c. assist in the review of financial information prepared by
the Debtor, including, but not limited to, cash flow projections
and budgets, business plans, cash receipts and disbursement
analysis, asset and liability analysis, and the economic analysis
of proposed transactions for which Court approval is sought;

     d. assist in the review of the Debtor's prepetition financing
transaction and associated events, including but not limited to,
evaluating the Debtor's capital structure, financing agreements,
defaults under any financing agreement and forbearances;

     e. assist with the review of the Debtor's analysis of core and
non-core business assets, the potential disposition or liquidation
of the same, and assist regarding the review and assessment of any
sales process relating to same;

     f. attend at meetings and assist in discussions with the
Debtor, potential investors, banks, other secured lenders, the
committee and any other official committees organized in these
chapter 11 proceedings, the U.S. Trustee, other parties in interest
and professionals hired by the same, as requested;

     g. assist in the review of financial related disclosures
required by the Court, including the Schedules of Assets and
Liabilities, the Statement of Financial Affairs and Monthly
Operating Reports;

     h. assist with the review of the affirmation or rejection of
various executory contracts and leases;

     i. assist in the evaluation, analysis and forensic
investigation of avoidance actions, including fraudulent
conveyances and preferential transfers and certain transactions
between the Debtor and affiliated entities;

     j. assist in the prosecution of committee responses/objections
to the Debtor's motions, including attendance at depositions and
provision of expert reports/testimony on case issues as required by
the committee;

     k. render such other general business consulting or such other
assist as the committee or its counsel may deem necessary that are
consistent with the role of a financial advisor and not duplicative
of services provided by other professionals in this proceeding;
and

     l. assist and support in the evaluation of restructuring and
liquidation alternatives.

Conway MacKenzie's hourly rates are:

     Senior Managing Directors  $915 - $1,185
     Managing Directors         $725 - $970
     Directors                  $570 - $700
     Senior Associates          $465 - $520
     Associates                 $200 - $435

Conway MacKenzie is "disinterested" within the meaning of Section
101(14) of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     John T. Young, Jr
     Conway Mackenzie, Inc.
     600 Fifth Avenue, 25th Floor
     New York, NY 10020
     Phone: +1-212-586-2200
     Email: JYoung@ConwayMacKenzie.com
     
                         About HVI Cat Canyon Inc.

HVI Cat Canyon, Inc., a privately held oil and gas extraction
company based in New York, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. N.Y. Case No. 19-12417) on July
25, 2019.  At the time of the filing, the Debtor disclosed assets
of between $100 million and $500 million and liabilities of the
same range.  Weltman & Moskowitz, LLP is the Debtor's bankruptcy
counsel.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on Aug. 9, 2019.


HVI CAT: Selling REDU Asset to REDU Holdings for $1.25M
-------------------------------------------------------
HVI Cat Canyon, Inc., asks the U.S. Bankruptcy Court for the
Southern District of New York to authorize the private sale of
property known as the Richfield East Dome Unit ("REDU") asset to
REDU Holdings, LLC for $1.25 million.

The Debtor is the owner and operator of producing oil and gas
interests in California.  It owns an approximate 100% working
interest and an average 85% net revenue interest in several
oilfields in the Santa Maria Valley of Santa Barbara County, North
Belridge in Kern County, and REDU in Orange County.  The Debtor's
assets include: (a) fee and leased mineral acreage, (b) oil and gas
wells, (c) compressor plants, (d) tank batteries, and (e) an
extensive pipeline infrastructure. Debtor was formed as a Colorado
corporation in 1997 and employs approximately 50 individuals.

The REDU is located in the Richfield Field in Orange County,
California.  It has had continuous oil production since the
field’s discovery in the 1920's.  The field was unitized in 1969
amongst independent producers, with Texaco as operator.  The Debtor
has been the owner and operator of the REDU Asset since 1999 and
without any significant environmental and regulatory impacts.

Today, there are a total of 139 wells (85 oil and gas producers and
54 water injectors) within REDU.  The field spans approximately 568
mineral acres across three cities: Anaheim, Yorba Linda, and
Placentia.  These cities are amongst the prestigious residential
communities within Orange County.  As the population in Southern
California grew over the decades, the once-rural properties
surrounding REDU were eventually developed with residences coming
as close as possible to REDU's footprint.  REDU's operations are a
complex array of equipment and pipeline infrastructure that snakes
its way through high-end apartment complexes, schools, parks and
multi-family dwellings, in densely populated neighborhoods.

In December 2017, the California Department of Conservation,
Division of Oil, Gas and Geothermal Resources ("DOGGR") -- which
has oversight of REDU's operations -- issued Order No. 1119 to the
Debtor to stop injection, remediate project issues, take
preventative
measures, impose a civil penalty and to post a "Life of" bond.  The
Order has been amended twice since then resulting in Order No.
1119C, as corrections by DOGGR had been made in acknowledgment of
the Debtor's interim compliance with the Order.  However, the
Debtor's requirement to file a "Life of" bond continues to be
required in Order 1119C in the approximate amount of $39 million
which is the cost estimated by DOGGR to plug the REDU wells and
remediate the subject properties.  

It is the Debtor's understanding that if the REDU Asset were sold
pursuant to which a new operator would replace Debtor, DOGGR would
waive or cancel the "Life of" bond requirement.  Absent such sale,
HVI would have to fund $39 million to either post a "Life of" bond
in compliance with Order 1119C or, failing such bond posting and
having to shut in the field as a result, plug the wells and
remediate the properties.

The Debtor has signed an Agreement of Sale and Purchase with the
Buyer to acquire the REDU Asset for $1.25 million, in its present
"as is, where is" condition.   In summary, the REDU Asset
substantially consists of: (i) all rights, titles and interests of
Debtor in and to the oil, gas and mineral leases which comprise the
mineral acres; (ii) the wells located on the leases or lands pooled
therewith; (iii) various contracts, including exploration,
development, operation and maintenance contracts; (iv) personal
property; and (v) surface interests.  The sale will be free and
clear of such liens, claims and encumbrances with such liens,
claims and encumbrances attaching to the proceeds of sale.  It is
respectfully submitted that the Purchase Agreement be reviewed in
its entirety regarding the property to be sold and purchased under
the Purchase Agreement.  

Moreover, the Buyer has agreed as further consideration to assume
all liability arising from its ownership, operation and use of REDU
as well as such claims in Order No. 1119C (excluding the claim to
pay a civil penalty).  To the Debtor's knowledge, the new operator
who would replace the Debtor upon closing the sale is in good
standing with DOGGR to take over REDU's operations.

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

    http://bankrupt.com/misc/HVI_Cat_96_Sales.pdf

The Purchaser:

        REDU HOLDINGS, LLC
        Attn: William C. Kelleher
        1536 Eastman Avenue, Suite D
        Ventura, CA 93003

                   About HVI Cat Canyon Inc.

HVI Cat Canyon, Inc., is a privately held oil and gas extraction
company based in New York.

HVI Cat Canyon sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 19-12417) on July 25, 2019.  In the
petition signed by Alex G. Dimitrijevic, president and COO, the
Debtor was estimated to have assets of between $100 million and
$500 million and liabilities of the same range.  

On Aug. 28, 2019, the New York Court entered an order transferring
the venue to U.S. Bankruptcy Court for the Northern District of
Texas, and assigned Case No. 19-32857.

Weltman & Moskowitz, LLP, is the Debtor's bankruptcy counsel.

The Office of the U.S. Trustee on Aug. 9, 2019, appointed three
creditors to serve on the official committee of unsecured creditors
in the Debtor's case.


INFRASTRUCTURE SOLUTION: Case Summary & 13 Unsecured Creditors
--------------------------------------------------------------
Debtor: Infrastructure Solution Services, Inc.
        2632 North Rt. 72
        Jonestown, PA 17036

Business Description: Infrastructure Solution Services Inc. is a
                      provider of green stormwater infrastructure
                      solutions in the Philadelphia market.

Chapter 11 Petition Date: September 13, 2019

Court: United States Bankruptcy Court
       Middle District of Pennsylvania (Harrisburg)

Case No.: 19-03915

Judge: Hon. Henry W. Van Eck

Debtor's Counsel: Robert E. Chernicoff, Esq.
                  CUNNINGHAM, CHERNICOFF & WARSHAWSKY, P.C.
                  2320 North Second Street
                  Harrisburg, PA 17110
                  Tel: 717 238-6570
                  Fax: 717 238-4809
                  E-mail: rec@cclawpc.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Corey Wolff, director.

A copy of the Debtor's list of 13 unsecured creditors is available
for free at:

        http://bankrupt.com/misc/pamb19-03915_creditors.pdf

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

            http://bankrupt.com/misc/pamb19-03915.pdf


IRB HOLDING: S&P Puts 'B' ICR on Watch Pos. on Jimmy John's Deal
----------------------------------------------------------------
S&P Global Ratings placed all of its ratings on U.S.-based
restaurant company IRB Holding Corp. (Inspire Brands), including
its 'B' issuer credit rating, on CreditWatch with positive
implications.

The CreditWatch placement follows Inspire Brands' announcement that
it will acquire Jimmy John's LLC. Inspire Brands will fund the
leverage-neutral transaction with issuance of new shares, and
assume Jimmy John's existing debt. S&P expects the company's pro
forma adjusted leverage to be in the low-7x area at the end of
fiscal 2019, which is in line with its expectations for Inspire
Brands prior to this acquisition.

"The CreditWatch placement, with positive implications, reflects
the possibility that we will raise our ratings on Inspire Brands by
one notch when the transaction closes, based on our view that the
combined company will benefit from improved scale, diversification,
and profitability," S&P said. The rating agency expects to resolve
this CreditWatch listing following the close of the transaction,
expected by the end of October.


JACK COOPER: Taps Ogletree Deakins as Special Counsel
-----------------------------------------------------
Jack Cooper Ventures, Inc., and its debtor-affiliates seek approval
from the U.S. Bankruptcy Court for the Northern District of Georgia
to hire Ogletree, Deakins, Nash, Smoak & Stewart, P.C. as the
Debtors' special counsel.

Jack Cooper requires Ogletree Deakins to:

     (a) prepare, on behalf of the Debtors, all necessary and
appropriate motions, proposed orders, other pleadings, notices and
other documents in connection with certain labor and employment
matters involving the Debtors;

     (b) advise and assist the Debtors in connection with any
settlements concerning the Retained Matters; and

     (c) perform all other necessary or appropriate legal services
in connection with the Retained Matters.

Ogletree Deakins' standard hourly billing rates are:

     Shareholders and Of Counsel    $350.00 - $805.00
     Associates                     $250.00 - $515.00
     Paraprofessionals               $95.00 - $340.00

John R. Woodrum, partner of Ogletree Deakins, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Ogletree Deakins can be reached at:

       John R. Woodrum, Esq.
       OGLETREE, DEAKINS, NASH,
       SMOAK & STEWART, P.C.
       1909 K Street NW, Suite 1000
       Washington, D.C.
       Tel: (202) 263-0247
       E-mail: john.woodrum@ogletreedeakins.com

                  About Jack Cooper Ventures

Jack Cooper Ventures, Inc., is a specialty transportation and other
logistics provider and one of the largest over-the-road finished
vehicle logistics companies in North America.  The company provides
premium asset-heavy and asset-light based solutions to the global
new and previously-owned vehicle markets, specializing in finished
vehicle transportation and other logistics services for major
automotive original equipment manufacturers and for fleet ownership
companies, remarketers, dealers and auctions.  The company is a
certified Woman-Owned Business Enterprise by the Woman's Business
Enterprise Council.

Jack Cooper Ventures and 18 affiliates and subsidiaries sought
Chapter 11 protection (Bankr. N.D. Ga. Lead Case No. 19-62393).

The Hon. Paul W. Bonapfel is the case judge.

Paul, Weiss, Rifkind, Wharton & Garrison LLP and King & Spalding
LLP are serving as legal counsel to Jack Cooper, Houlihan Lokey,
Inc., is serving as investment banker and financial advisor, and
AlixPartners LLP is serving as restructuring advisor.  The Debtors
also tapped Ogletree, Deakins, Nash, Smoak & Stewart, P.C. as labor
counsel, and Osler, Hoskin & Harcourt LLP, as Canadian
restructuring counsel.  Prime Clerk LLC is the claims agent.


JG & RM REALTY: Seeks to Hire Garcia-Arregui & Fullana as Counsel
-----------------------------------------------------------------
JG & RM Realty Inc. seeks authority from the United States
Bankruptcy Court for the District of Puerto Rico (Old San Juan) to
hire Garcia-Arregui & Fullana, PSC, as its legal counsel.

Advance Pain requires the attorney to:

      a) advise debtor with respect to its duties, powers and
responsibilities in this case as debtor in Possession, its
business, or is involved in litigation;

      b) assist the debtor with respect to negotiations with
claimants' complaints and debtor's counterclaim if any;

      c) prepare on behalf of the debtor the necessary complains
answer, order, reports memoranda of law under. or any other legal
document, including Disclosure Statement, Plan of Reorganization;

      d) appear before the bankruptcy court, or any other court in
which the debtor asserts a claim interest or defense directly or
indirectly related to this bankruptcy case;

      e) perform such other legal services for debtor as may be
required in these proceedings or in connection with the operation
of/ and involvement with the debtor's business, including but not
limited to notary services.

The firm's hourly rates are:

     Senior Partners    $250.00
     Associate lawyers  $150.00
     Paralegals         $90.00

The Law firm will charge actual and necessary expenses incurred in
the prosecution of these matters. A retainer fee of $15,000.00 plus
$1,717.00 (which included the filing fee) for expenses has already
been paid prior to the
filing.

Isabel M Fullana of Garcia-Arregui & Fullana, PSC assures the court
that she is a disinterested person within the meaning of 11 USC
Sec. 101(14).

The firm can be reached at:

     Isabel M. Fullana, Esq.
     GARCIA-ARREGUI & FULLANA PSC
     252 Ponce De Leon Avenue Suite 1101
     San Juan, PR 00918
     Tel: 787 766-2530
     Fax: 787 756-7800
     E-mail: isabelfullana@gmail.com

                      About Advance Pain Management

JG & RM Realty Inc. owns and operates ambulatory health care
facilities.  Ambulatory surgery centers (or outpatient surgery
centers) are health care facilities where surgical procedures not
requiring an overnight hospital stay are performed.

JG & RM Realty Inc. filed a petition under Chapter 11 of Title 11,
United States Code (Bankr. D. P.R. 19-03942) on July 11, 2019. In
the petitions signed by Dr. Renier Mendez, president, the Debtor
estimated $1,291,294 in assets and $1,749,258 in liabilities.

Isabel M. Fullana, Esq. at GARCIA-ARREGUI & FULLANA PSC represents
the Debtor as counsel.


JLK INDUSTRIES: Seeks to Hire Vortman & Feinstein as Counsel
------------------------------------------------------------
JLK Industries, Inc., d/b/a Everett Auto Clinic, seeks authority
from the U.S. Bankruptcy Court for the Western
District of Washington to hire Vortman & Feinstein as its legal
counsel.

JLK Industries requires Vortman & Feinstein to:

     a. take all actions necessary to protect and preserve Debtor's
bankruptcy estate, including the prosecution of actions on Debtor's
behalf. To undertake, in conjunction as appropriate with special
litigation counsel, the defense of any action commenced against the
Debtor, negotiations concerning litigation in which the Debtor is
involved, objections to claims filed against the Debtor in this
bankruptcy case, and the compromise or settlement of claims;

     b. prepare the necessary applications, motions, memoranda,
responses, complaints, answers, orders, notices, reports and other
papers required from Debtor as Debtor-in-possession in connection
with administration of this case;

     c. negotiate with creditors concerning a Chapter 11 plan, to
prepare a Chapter 11 plan and disclosure statement and related
documents, and to take the steps necessary to confirm and implement
the proposed plan of liquidation;

     d. provide such other legal advice or services as may be
required in connection with the Chapter 11 case.

Vortman & Feinstein will be paid at the hourly rate of $425 and
Kathryn P Scordato will be paid at the hourly rate of $350.

Vortman & Feinstein will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Larry B. Feinstein, Esq., a partner at Vortman & Feinstein, assured
the court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Vortman & Feinstein can be reached at:

     Larry B Feinstein, Esq.
     Kathryn P Scordato, Esq.
     VORTMAN & FEINSTEIN, PS
     929 108th Ave NE, Suite 105
     Bellevue, WA 98004
     Telephone: (206) 223-9595
     Facsimile: (206) 386-5355

                 About JLK Industries

JLK Industries, Inc., d/b/a Everett Auto Clinic, owns and operates
an automotive repair and maintenance shop in Everett, Washington.

JLK Industries sought Chapter 11 protection (Bankr. W.D. Wash. Case
No. 19-13286) on Sept. 4, 2019, in Seattle, Washington.  In the
petition was signed by Jeffrey Stokes, owner/operator, the Debtor
was listed to have total assets at $420,450 and total liabilities
at $1,692,555 as of the bankruptcy filing.  Judge Timothy W. Dore
administers the Debtor's case.  Larry B Feinstein, PS, is the
Debtor's counsel.


JPACIFIC INTERNATIONAL: Case Summary & 3 Unsecured Creditors
------------------------------------------------------------
Debtor: Jpacific International as Trustee of
        528 W 8th SP Land Trust
        528 W 8th St
        Los Angeles, CA 90731

Business Description: Jpacific International is a Single Asset
                      Real Estate (as defined in 11 U.S.C.
                      Section 101(51B)).  The Company owns in fee
                      simple a property located at 528 W 8th St,
                      Los Angeles CA 90731 having a comparable
                      sale value of $1.3 million.

Chapter 11 Petition Date: September 30, 2019

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Case No.: 19-21526

Judge: Hon. Vincent P. Zurzolo

Debtor's Counsel: Julie J. Villalobos, Esq.
                  OAKTREE LAW
                  10900 183rd St Ste 270
                  Cerritos, CA 90703
                  Tel: 562-741-3938
                  Fax: 888-408-2210
                  E-mail: julie@oaktreelaw.com

Total Assets: $1,316,000

Total Liabilities: $2,022,000

The petition was signed by Tsan Hsu, secretary and CFO.

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

          http://bankrupt.com/misc/cacb19-21526.pdf


KALEIDOSCOPE CHARTER SCHOOL: S&P Cuts Revenue Bond Rating to 'BB-'
------------------------------------------------------------------
S&P Global Ratings lowered its rating on Otsego, Minn.'s series
2014A charter school lease revenue bonds, issued for Kaleidoscope
Charter School (Kaleidoscope), to 'BB-' from 'BB'. The outlook is
stable.

"The downgrade reflects our opinion of Kaleidoscope's continued
deficit operations on a full-accrual basis and debt service
coverage covenant violations in fiscal years 2018 and 2019," said
S&P Global Ratings credit analyst Natalie Fakelmann, "which
although a waiver was obtained from bondholders and the school did
not enter into an event of default, have lowered liquidity to
levels more consistent with medians and those of similarly rated
peers." S&P believes these credit characteristics are more in line
with the lower rating.

The stable outlook reflects S&P's opinion that enrollment will grow
modestly in fall 2020, operations will return to breakeven results
and MADS coverage will improve to near or above 1x in fiscal 2020.
S&P also anticipates the school maintaining liquidity near current
levels and avoiding additional debt in the near term.


KDO INDUSTRIES: Seeks to Hire Berger Fischoff as Counsel
--------------------------------------------------------
KDO Industries Inc. seeks authority from the U.S. Bankruptcy Court
for the Eastern District of New York to employ Berger, Fischoff,
Shumer, Wexler, Goodman, LLP as its legal counsel.

NYMD Green requires Berger Fischoff to:

     a. provide legal advice with respect to the powers and duties
of the Debtor-in-Possession in the continued management of its
business and property;

     b. represent the Debtor before the Bankruptcy Court and at all
hearings on matters pertaining to its affairs, as
Debtor-in-Possession, including prosecuting and defending litigated
matters as they may arise during the Chapter 11 case;

     c. advise and assist the Debtor in the preparation and
negotiation of a Plan of Reorganization with its creditors;

     d. prepare all necessary or desirable applications, answers,
orders, reports, documents and other legal papers; and

     e. perform all other legal services for the Debtor which may
be desirable and necessary.

Berger Fischoff will be paid at these hourly rates:

     Partners              $435 to $575
     Associates            $315 to $425
     Paralegals               $185

Berger Fischoff will be paid a retainer in the amount of
$18,031.00, which includes $1,717 filing fee.

Berger Fischoff will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Gary Fischoff, Esq., a partner at Berger Fischoff, assured the
court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Berger Fischoff can be reached at:

     Gary C. Fischoff, Esq.
     Berger, Fischoff, Shumer, Wexler, Goodman, LLP
     6901 Jericho Turnpike, Suite 230
     Syosset, NY 11791
     Tel: (516) 747-1136
     Email: gfischoff@sfbblaw.com

                         About KDO Industries

KDO Industries Inc. manufactures fabricated structural metal and
steel or other metal products for structural purposes.

KDO Industries sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D.N.Y. Case No. 19-76060) on Sept. 3, 2019.  At the
time of the filing, the Debtor disclosed assets in the amount of
$333,317 and liabilities in the amount of $2,369,989. The Petition
was signed by Lucelle Del Rosario, president. Berger, Fischoff,
Shumer, Wexler & Goodman, LLP serves as the Debtor's counsel. The
Hon. Alan S. Trust is the case judge.


KLINE CONSTRUCTION: Committee Hires Gavin/Salmonese as Advisor
--------------------------------------------------------------
The official committee of unsecured creditors of Kline Construction
Co., Inc. seeks authority from the United States Bankruptcy Court
for the District of New Jersey (Camden) to hire Gavin/Salmonese LLC
as its financial advisor.

The committee requires Gavin Solmonese to:

   a) review and analyze the businesses, management, operations,
properties, financial condition and prospects of the Debtors;

   b) review and analyze historical financial performance, and
transactions between and among the Debtors, their creditors,
affiliates and other entities;

   c) review the assumptions underlying the business plans and cash
flow projections for the assets involved in any potential asset
sale or plan of reorganization;

   d) determine the reasonableness of the projected performance of
the Debtors, both historically and future;

   e) monitor, evaluate and report to the committee with respect to
the Debtors' near-term liquidity needs, material operational
changes and related financial and operational issues;

   f) review and analyze all material contracts and agreements;

   g) assist and procure and assemble any necessary validations of
asset values;

   h) provide ongoing assistance to the committee and the
committee's legal counsel;

   i) evaluate the Debtors' capital structure and making
recommendations to the committee with respect to the Debtors'
efforts to reorganize their business operations and confirm a
restructuring or liquidating plan;

   j) assist the committee in preparing documentation required in
connection with creating, supporting or opposing a plan and
participating in negotiations on behalf of the committee with the
Debtors or any groups affected by a plan;

   k) assist the committee in marketing the Debtors' assets with
the intent of maximizing the value received for any such assets
from any such sale;

   l) provide ongoing analysis of the Debtors' financial condition,
business plans, capital spending budgets, operating forecasts,
management and the prospects for their future performance; and

   m) other tasks as the committee or its counsel may reasonably
request in the course of exercise of the committee's duties in
these cases.

Stan Mastil's hourly rate is $500. The rates for other
professionals of the firm range from $250 to $700, and the rate for
paraprofessionals if $200.

Gavin Solmonese will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Stan Mastil, CPA, CFF, of Gavin/Salmonese, disclosed in court
filings that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estate.

The firm can be reached through:

     Stan Mastil, CPA, CFF
     Gavin/Solmonese LLC
     919 N. Market Street, Suite 600
     Wilmington, DE 19801
     Phone: 302-655-8997
     Fax: 302-655-6063

                 About Kline Construction

Founded in 1945, Kline Construction Co. --
http://www.klineconstruction.net-- is a utility support
contractor
in New Jersey with six locations throughout the United States.

Kline Construction filed a chapter 11 petition (Bankr. D. N.J. Case
No. 19-25757) on August 14, 2019.  The petition was signed by
Ronald Samarro, chief restructuring officer.  Hon. Jerrold N.
Poslusny Jr. presides over the case.

The Debtor disclosed $500,000 to $1 million in assets and $10
million to $50 million in liabilities.

The Debtor tapped Fox Rothschild LLP as counsel.


KP ENGINEERING: Seeks to Hire Claro Group, Appoint CRO
------------------------------------------------------
KP Engineering, LP and KP Engineering LLC seek authority from the
United States Bankruptcy Court for the Southern District of Texas
(Houston) to hire The Claro Group, LLC as their financial advisor
and appoint Douglas Brickley as chief restructuring officer.

KP Engineering requires Claro Group, at the direction of the CRO,
to:

     a. assist in the review of reports or filings as required by
the Bankruptcy Court or the Office of the United States Trustee,
including, but not limited to, schedules of assets and liabilities,
statement of financial affairs, and monthly operating reports;

     b. review of the Debtors' financial information, including,
but not limited to, analyses of cash receipts and disbursements,
financial statement items and proposed transactions for which
Bankruptcy Court approval is sought;

     c. review and analyse of the reporting regarding cash
collateral and any debtor-in-possession financing arrangements and
budgets;

     d. review and analyse  the Debtors' process for marketing and
selling any or all of its assets;

     e. assist with review any potential cost containment
opportunities proposed by the Debtors;

     f. assist with review any potential asset redeployment
opportunities proposed by the Debtors;

     g. review and analyse assumption and rejection issues
regarding executory contracts and leases;

     h. review and analyse the Debtors' proposed business plans and
the business and financial condition of the Debtors generally;

     i. assist in evaluating reorganization strategy and
alternatives available, including any asset sale transactions;

     j. review and analyse the Debtors' financial projections and
assumptions;

     k. review and analyse enterprise, asset and liquidation
valuations;

     l. assist in preparing documents necessary for confirmation of
any plan, proposed asset sales, and proposed use of cash and/or
financing;

     m. advice and assist to the Debtor in negotiations and
meetings with creditors and other parties-in-interest;

     n. review and provide analysis on potential tax consequences
to the bankruptcy estate of any reorganization and/or proposed
transactions;

     o. assist with the claims resolution procedures including, but
not limited to, analyses of creditors' claims by type and entity;

     p. provide forensic accounting and litigation consulting
services and expert witness testimony regarding confirmation and/or
transactional issues, avoidance actions or other matters; and

     q. provide such other functions as requested by the Debtors to
assist in these jointly administered Chapter 11 cases.

Compensation for professional services rendered are:

     a. Fixed Monthly Fee. As compensation for the CRO services of
Brickley and the financial advisory services of Claro, the Debtors
shall pay to Claro a fixed monthly fee of $50,000 on the 15th of
each month for the first three (3) months of the Engagement (i.e.,
September 15, 2019, October 15, 2019, and November 15, 2019), and
$25,000 on
the 15th of each month thereafter (beginning December 15, 2019)
until the termination or completion of the Engagement. An
additional payment of $15,000 for the month running from August 15,
2019 through September 14, 2019, shall be paid immediately upon the
Court approving the retention application for Brickley and Claro.

     b. Hourly Fee for Marketing Efforts. In the event that Claro
is requested to perform services for the marketing of the
Debtors’' assets for a sale or sales, such marketing services
performed by Claro shall be compensated on a time and materials
basis. Claro professional hourly rates are:

        Managing Directors                      $495 - $570
        Directors/ Senior Advisors              $395 - $490
        Managers / Senior Managers              $300 - $385
        Analysts/ Consultants/ Sr. Consultants  $200 - $295
        Administrative Personnel                $125 - $175

Mr. Brickley, a partner at The Claro Group, assured the court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Claro Group can be reached at:

     Douglas J. Brickley
     The Claro Group, LLC
     711 Louisiana Street, Suite 2100
     Houston, TX 77002
     Tel: (713) 454-7730

                   About KP Engineering

KP Engineering, LP and KP Engineering, LLC -- https://www.kpe.com
-- are primarily engaged in the business of designing and executing
customized engineering, procurement, and construction projects for
the refining, midstream, and chemical industries.  As an EPC
contractor, the companies generally enter into agreements with
owners pursuant to which they will design a facility, procure the
needed equipment and materials, and supervise construction of the
facility.  

KP Engineering, LP and KP Engineering, LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Case No.
19-34698) on Aug. 22, 2019.

At the time of the filing, KP Engineering had estimated assets of
between $10 million and $50 million and liabilities of between $50
million and $100 million.  

The cases have been assigned to Judge David R. Jones.

KP Engineering tapped Hunton Andrews Kurth LLP and Okin Adams LLC
as legal counsel; Claro Group LLC as restructuring advisor; and
Omni Management Group, Inc. as claims and noticing agent.


KP ENGINEERING: Seeks to Hire Okin Adams as Legal Counsel
---------------------------------------------------------
KP Engineering, LP and KP Engineering LLC seek authority from the
United States Bankruptcy Court for the Southern District of Texas
(Houston) to hire Okin Adams LLP as their legal counsel.

KP Engineering requires Okin Adams to:

     a) advise the Debtors with respect to their rights, duties and
powers in these cases;

     b) assist and advise the Debtors in consultations relative to
the administration of these cases;
  
     c) assist the Debtors in analyzing the claims of the creditors
and in negotiating with such creditors;

     d) assist the Debtors in the analysis of and negotiations with
any third party concerning matters relating to, among other things,
the terms of plans of reorganization;

     e) represent the Debtors at all hearings and other
proceedings;  

     f) review and analyze all applications, orders, statements of
operations and schedules filed with the Court and advise the
Debtors as to their propriety;

     g) assist the Debtors in preparing pleadings and applications
as may be necessary in furtherance of the Debtor's interests and
objectives; and

     h) perform such other legal services as may be required and
are deemed to be in the interests of the Debtors in accordance with
the Debtors' powers and duties as set forth in the Bankruptcy Code.


Okin Adams's current hourly rates are:

     Matthew S. Okin, Partner    $575
     Christopher Adams, Partner  $500
     James Bartlett, Partner     $500
     Johnie Maraist, Associate   $225

In addition, Okin Adams will charge $135.00 per hour for the work
of legal assistants. Okin Adams will also bill the Debtors for all
out of pocket expenses incurred.

Okin Adams has received from the Debtors a retainer of $25,000.00,
which was remitted on August 20, 2019.

Christopher Adams, partner with the firm Okin Adams LLP, attests
that Okin Adams is a "disinterested person" as that term is defined
in section 101(14) of the Bankruptcy Code, as modified by section
1107(b).

The firm can be reached through:

     Christopher Adams, Esq.
     Matthew S. Okin, Esq.
     Johnie A. Maraist, Esq.
     Okin Adams LLP
     1113 Vine St. Suite 240
     Houston, TX 77002
     Tel: (713) 228-4100
     Fax: (888) 865-2118
     Email: cadams@okinadams.com
            mokin@okinadams.com
            jmaraist@okinadams.com

                   About KP Engineering

KP Engineering, LP and KP Engineering, LLC -- https://www.kpe.com
-- are primarily engaged in the business of designing and executing
customized engineering, procurement, and construction projects for
the refining, midstream, and chemical industries.  As an EPC
contractor, the companies generally enter into agreements with
owners pursuant to which they will design a facility, procure the
needed equipment and materials, and supervise construction of the
facility.  

KP Engineering, LP and KP Engineering, LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Case No.
19-34698) on Aug. 22, 2019.

At the time of the filing, KP Engineering had estimated assets of
between $10 million and $50 million and liabilities of between $50
million and $100 million.  

The cases have been assigned to Judge David R. Jones.

KP Engineering tapped Hunton Andrews Kurth LLP and Okin Adams LLC
as legal counsel; Claro Group LLC as restructuring advisor; and
Omni Management Group, Inc. as claims and noticing agent.



LATEX FOAM: Seeks to Hire RSM US as Tax Accountant
--------------------------------------------------
Latex Foam International, LLC, and its debtor-affiliates file an
amended application seeking authority from the United States
Bankruptcy Court for the District of Connecticut to hire RSM US,
LLP as their tax accountant effective as of Aug. 8, 2019.

RSM will provide the Debtors with the accounting and financial
advisory services.

The Debtors filed the amended application at the request of the
United States Trustee to resolve certain concerns with respect to
the Debtors' original application to employ RSM, filed September 9,
2019, to wit: the inclusion of a percentage fee for expenses;
whether RSM could "outsource" the services it is employed to
perform; what terms would occur to the extent there are conflicts
between the Court's order and the documents governing the Debtors'
employment of RSM prior the petition date; and the Fed. R. Bankr.
P. 2014 disclosure language included in the original Retention
App.

The amended application does not resolve one remaining objection by
the U.S. Trustee: that to the requested waiver of the requirement
that RSM maintain time records.

RSM will perform the 2018 Tax Services in consideration of a flat
fee in an amount estimated between $19,000 and $22,500 plus the 5
percent expense fee.

Eric Perez, a partner at RSM US, disclosed in court filings that
the firm is "disinterested," and does not hold or represent an
interest adverse to the Debtors' estates.

The firm can be reached at:

     Eric Perez
     RSM US, LLP
     157 Church Street, 11th Floor
     New Haven, CT 06510
     Phone: 203-777-4293

                About Latex Foam International

Latex Foam International, LLC, which conducts business under the
name Talalay Global, provides textile furnishing products. It
offers house furnishings such as blankets, bedspreads, sheets,
table clothes, towels, and shower curtains.

Latex Foam International and four affiliates filed voluntary
petitions seeking relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Conn. Lead Case No. 19-51064) on August 8, 2019. The
petitions were signed by Marc Navarre, chief executive officer.  At
the time of the filing, the Debtors disclosed assets of between
$10,000,001 to $50,000,000 and liabilities of the same range.

Judge Julie A. Manning presides over the case.

James Berman, Esq. at Zeisler & Zeisler, P.C. is the Debtors'
counsel.


LIGHTHOUSE PLUMBING: Hires DeMarco Mitchell as Legal Counsel
------------------------------------------------------------
Lighthouse Plumbing & Mechanical, LLC, seeks authority from the
U.S. Bankruptcy Court for the Eastern District of Texas to
DeMarco-Mitchell, PLLC as its legal counsel.

Fitness World requires DeMarco Mitchell to:

   a. take all necessary action to protect and preserve the Estate,
including the prosecution of actions on its behalf, the defense of
any actions commenced against it, negotiations concerning all
litigation in which it is involved, and objecting to claims;

   b. prepare on behalf of the Debtor all necessary motions,
applications, answers, orders, reports, and papers in connection
with the administration of the estate;

   c. formulate, negotiate, and propose a plan of reorganization;
and

   d. perform all other necessary legal services in connection with
these proceedings.

DeMarco Mitchell will be paid at these hourly rates:

     Robert T. DeMarco, Attorney    $350
     Michael S. Mitchell, Attorney  $325
     Barbara Drake, Paralegal       $125

The Debtor paid DeMarco Mitchell a retainer of $15,000, inclusive
of the $1,717 filing fee.

DeMarco Mitchell will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Michael Mitchell, Esq., a member oft DeMarco Mitchell, PLLC,
assured the court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estate.

DeMarco Mitchell can be reached at:

         Robert T. DeMarco, Esq.
         Michael S. Mitchell, Esq.
         DeMarco Mitchell, PLLC
         1255 W. 15th Street, 805
         Plano, TX 75075
         Tel: (972) 578‐1400
         Fax: (972) 346‐6791
         Email: robert@demarcomitchell.com
                mike@demarcomitchell.com

                  About Lighthouse Plumbing & Mechanical

Lighthouse Plumbing & Mechanical, LLC, which conducts business
under the name Lighthouse Plumbing, is a building finishing
contractor in Richardson, Texas.  

Lighthouse Plumbing sought Chapter 11 protection (Bankr. E.D. Tex.
Case No. 19-42516) in Sherman, Texas, on Sept. 13, 2019.  In the
petition signed by Terrance J. Wooten, president and managing
member, the Debtor reports $1 million to $10 million in assets and
liabilities. Judge Brenda T. Rhoades is assigned the Debtor's case.
DeMarco Mitchell, PLLC, is the Debtor's counsel.


LIMONITE INVESTMENTS: Case Summary & Unsecured Creditor
-------------------------------------------------------
Debtor: Limonite Investments LLC
        1232 Village Way Ste A
        Santa Ana, CA 92705

Business Description: Limonite Investments LLC is a Single Asset
                      Real Estate (as defined in 11 U.S.C. Section
                      101(51B)).

Chapter 11 Petition Date: September 11, 2019

Court: United States Bankruptcy Court
       Central District of California (Santa Ana)

Case No.: 19-13529

Judge: Hon. Erithe A. Smith

Debtor's Counsel: Stephen F. Lopez, Esq.
                  STEPHEN F. LOPEZ APC
                  840 E Parkridge Ave Ste 102
                  Corona, CA 92879
                  Tel: 714-760-9753
                  Fax: 619-243-7215
                  E-mail: steve@sflopesq.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Ivano Stamegna, president managing
member, Nova.

The Debtor lists Acosta Investments as its sole unsecured creditor
holding a claim of $500,000.

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

             http://bankrupt.com/misc/cacb19-13529.pdf


LITTLE GUYS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: The Little Guys, Inc.
        9700 197th Street, Unit 109
        Mokena, IL 60448

Business Description: The Little Guys Inc. is a home automation
                      company in Mokena, Illinois.  The company
                      offers sales service and installation of the
                      latest technology in home theater, stereo
                      and surround sound, whole house audio and
                      video, automation and control, and energy
                      management.

Chapter 11 Petition Date: September 30, 2019

Court: United States Bankruptcy Court
       Northern District of Illinois (Eastern Division)

Case No.: 19-27753

Judge: Hon. Jack B. Schmetterer

Debtor's Counsel: Joel A. Schechter, Esq.
                  LAW OFFICES OF JOEL A. SCHECHTER
                  53 W Jackson Blvd Ste 1522
                  Chicago, IL 60604
                  Tel: 312 332-0267
                  Fax: 312 939-4714
                  E-mail: joelschechter1953@gmail.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by David Wexler, secretary.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 20 largest unsecured creditors is available
for free at:

           http://bankrupt.com/misc/ilnb19-27753.pdf


LONGHORN JUNCTION: Seeks to Hire Hilco as Real Estate Advisor
-------------------------------------------------------------
Longhorn Junction Land and Cattle Company, LLC seeks approval from
the U.S. Bankruptcy Court for the Western
District of Texas to hire Hilco Real Estate Auctions, LLC as its
real estate advisor effective as of Sept. 11, 2019.

The Debtor owns certain real property in Georgetown, Texas. The
Debtors presently intend to file a joint plan of reorganization
calling for sales of the Property. Longhorn seeks to retain Hilco
to assist it in marketing and selling
the Property.

Hilco Real Estate will be paid as follows:

     1. A buyer's premium of five percent (5.0%) of the winning bid
amount will be charged to the winning bid applicable to the
Property and/or each applicable parcel of the Property sold during
the Term. Subject to Paragraph 2, the Buyer's Premium will be added
to the applicable winning bid price and paid to Hilco in cash as
its commission. The Buyer's Premium shall be added to the
applicable winning bid price to determine the total purchase price
for the Property and/or each applicable parcel of the Property
sold. In the event the Debtor accepts an offer to sell the Property
and/or a parcel of Property that does not include the Buyer's
Premium as stated above, the Debtor agrees to pay to Hilco a
commission equal to the same amount as would have been due if the
total purchase price of the offer had been calculated using a
Buyer's Premium of the percentage stated above.

     2. In addition to the Buyer's Premium, in the event the
Property and/or each applicable parcel of Property is sold, Hilco
shall earn a fee equal to a certain percentage of the Gross Sale
Proceeds as set forth below. For purposes hereof, "Gross Sale
Proceeds" shall mean the aggregate cash or non-cash consideration
received by the Debtor in consideration of the Property and/or
applicable parcels of Property sold. The value of non-cash
consideration paid for a Property and/or applicable parcels of
Property shall be determined by mutual agreement between Hilco and
the Debtor.

         Sale Price                                   Hilco
Commission

     Sale Price is below Minimum Reserve Price    4% of Gross Sale
Proceeds
     by more than 10% but accepted by the Debtor

     Sale Price is within 10% (higher or lower)   5% of Gross Sale
Proceeds
     than the Minimum Reserve Price

     Sale Price exceeds the Minimum Reserve       6% of Gross Sale
Proceeds
     Price by more than 10%

       (i) if Hilco qualifies for the 4% Commission as set forth
above, then Hilco shall retain 4% of the Buyer's Premium as an
offset to their Commission and the remaining one percent (1%) of
the Buyer's Premium shall be paid to the Debtor;

      (ii) if Hilco qualifies for the 5% Commission, Hilco shall be
paid the full 5% Buyer's Premium as an offset to their Commission
and shall receive no additional Commission; and

     (iii) if Hilco qualifies for the 6% Commission, Hilco shall be
entitled to payment of the full 5% Buyer's Premium as an offset to
their Commission and an additional one percent (1%) of the Gross
Sale Proceeds generated by the sale of the Property and/or
applicable parcels of Property.

If applicable, Hilco will pay a referral fee/coop commission to a
purchaser's agent from the above Commission/Buyer's Premium. Hilco
shall have exclusive authority to negotiate such fee with any
purchaser's agent.

Jeff Azuse, senior vice president of Hilco Real Estate Auctions,
disclosed in court filings that the firm is a "disinterested
person" within the meaning of sections 101(14) and 327(a) of the
Bankruptcy Code.

The firm can be reached at:

     Jeff Azuse
     Hilco Real Estate Auctions, LLC
     5 Revere Dr, Suite 410
     Northbrook, IL 60062
     Phone: 847-714-1288
     Email: jazuse@hilcoglobal.com

                   About Longhorn Junction and
                            SC Williams

Longhorn Junction Land and Cattle Company, LLC, classifies itself
as "single asset real estate" (as defined in 11 U.S.C. Section 101
(51B)).  SC Williams, LLC is engaged in renting and leasing real
estate properties.  

Longhorn Junction and SC Williams sought protection under Chapter
11 of the Bankruptcy Code (Bankr. W.D. Texas Lead Case No.
19-10883) on July 2, 2019.  At the time of the filing, Longhorn
Junction estimated assets of between $10 million and $50 million
and liabilities of the same range.  SC Williams estimated assets of
between $10 million and $50 million and liabilities of between $1
million and $10 million.  

The cases are assigned to Judge Tony M. Davis.  The Debtors are
represented by Hajjar Peters, LLP.


LYONS CHEVROLET: Asks Court to Approve Use of Cash Collateral
-------------------------------------------------------------
Lyons Chevrolet Buick GMC, Inc., asks the U.S. Bankruptcy Court for
permission to use approximately $167,016.43 of cash collateral,
pursuant to the budget, in order to sustain its business operations
and reorganization efforts.  

The 4-week budget provides for $44,730 in total disbursements for
the first week, consisting of $21,744 in parts purchases; and
$15,337 in payroll, among others.  A copy of the budget can be
accessed at:

        
http://bankrupt.com/misc/Lyons_Chevrolet_15(1)_Cash_Budget.pdf

The Debtor seeks to provide replacement lien to Americredit
Financial Services, Inc., d/b/a GM Financial, to the extent that
the lienor is not yet adequately protected.  

                 About Lyons Chevrolet Buick GMC

Lyons Chevrolet Buick GMC, Inc., is a privately held Tennessee
corporation which owns and operates an automotive dealership in
Marshall County, Tennessee, selling new Chevrolet, Buick and GMC
vehicles and a variety of pre-owned vehicles.  The company also
provides automotive repair service as a component of its dealership
operation.

Lyons Chevrolet Buick GMC sought Chapter 11 protection (Bankr. M.D.
Tenn. Case No. 19-06264) on Sept. 26, 2019 in Columbia, Tennessee.
Latham, Luna, Eden & Beaudine, LLP, serves as the Debtor's
bankruptcy counsel; and Lefkovitz & Lefkovitz is the Debtor's local
counsel.


M BRANDS: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of M Brands, LLC as of Sept. 26, 2019,
according to a court docket.
    
                        About M Brands LLC

M Brands LLC is a privately held company whose principal assets are
located at 2415 Airport Way South Seattle, Wash.
  
M Brands sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Wash. Case No. 19-42348) on July 18, 2019.  At the
time of the filing, the Debtor disclosed $3,106,825 in assets and
$2,262,963 in liabilities.  The case has been assigned to Judge
Brian D. Lynch.  The Debtor is represented by Brett L. Wittner,
Esq., at Morton McGoldrick, PLLC.


MAYFLOWER COMMUNITIES: Court Confirms Liquidating Plan
------------------------------------------------------
The Hon. Harlin DeWayne Hale entered findings of fact, conclusions
of law, and order confirming Mayflower Communities, Inc.'s First
Amended Plan of Liquidation Pursuant to Chapter 11 of the
Bankruptcy Code.

A full-text copy of Plan Confirmation Order dated Sept. 26, 2019,
is available at https://tinyurl.com/y3aw87ho from PacerMonitor.com
at no charge.

As reported in the TCR, the Debtor filed a plan of liquidation that
proposes to pay off claims from cash and proceeds of the sale of
the assets to the stalking horse bidder.
The Plan provides for the creation of a liquidating trust.  A
liquidating trust reserve in the amount of $5,528,500 will be
funded to the liquidating trust to fund obligations in the Plan,
including: (i) 100% of the allowed accrued professional
compensation claims that may be allowed yet have not been
previously paid; (ii) 100% of the allowed administrative expenses
claims; (iii) 100% of the allowed priority claims; and (iv) such
other amounts that need to be paid.  General unsecured creditors
will receive a pro-rata share of the liquidating trust
distributable cash.  According to the wind-down budget, the general
unsecured claims reserve is $100,000.

                 About Mayflower Communities

Mayflower Communities, Inc. --
https://www.thebarringtonofcarmel.com/ -- operates The Barrington
of Carmel a senior living retirement community in Carmel, Indiana.
Mayflower provides nursing care, memory support, rehabilitation,
retirement home, assisted living, and independent living.

Mayflower Communities sought Chapter 11 relief (Bankr N.D. Tex.
Case No. 19-30283) on Jan. 30, 2019, estimating $50 million to $100
million in assets and $100 million to $500 million in liabilities.

The Hon. Harlin DeWayne Hale oversees the case.

DLA Piper LLP (US), led by Andrew Ball Zollinger and Thomas R.
Califano, and Rachel Nanes, serve as the Debtor's counsel.  The
Debtor also tapped Ankura Consulting Group, LLC as restructuring
advisor; Larx Advisors, Inc. as financial advisor; Cushman &
Wakefield U.S., Inc. as investment banker; and Donlin Recano &
Company, Inc., as claims agent.

The Office of the Trustee appointed an official residents'
committee on Feb. 11, 2019.  The residents' committee tapped
Neligan LLP as its legal counsel.


MEDCOAST MEDSERVICE: Seeks to Hire Riley Akopians as Accountant
---------------------------------------------------------------
MedCoast Medservice Inc. seeks approval from the U.S. Bankruptcy
Court for the Central District of California to hire Riley Akopians
& MSA CPAS, LLP as its accountant.

The Debtor requires the services of accountant to file tax returns,
to meet certain court requirements, apply for financing, and remain
in compliance with certain government regulations.

Akopians's hourly billing rates are:

     David W. Riley    Partner  $250
     Varoojan Akopians Partner  $250

Varoojan Akopians, CPA, a partner at Riley, Akopians & MSA CPAS,
disclosed in court filings that the firm is a “disinterested
person” as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached at:

     Varoojan Akopians, CPA
     Akopians & MSA CPAS, LLP
     200 E Del Mar Blvd
     Pasadena, CA 91105
     Phone: 1 626-844-3802

               About MedCoast Medservice

MedCoast Medservice Inc. -- https://www.medcoastambulance.com/ --
provides emergency and non-emergency transportation to all of Los
Angeles, Orange County and South Bay areas.  MedCoast Medservice is
a corporation whose primary business concerns the transport of
individuals (patients) to and from their homes or places of need
to
hospitals, physicians, and/or health care providers.  It operates
from a rented facility located at 14325 Iseli Road, Santa Fe
Springs, Calif.

MedCoast Medservice filed for Chapter 11 protection (Bankr. C.D.
Cal. Case No. 19-19334) on Aug. 9, 2019.  In the petition signed by
Artina Safarian, president, the Debtor disclosed assets at $952,016
and liabilities at $2,615,768, of which approximately $1,303,754 is
owed for payroll taxes to the Internal Revenue Service.  Judge
Sheri Bluebond is the case judge.  Henry D. Paloci III PA
represents the Debtor.


MGIC INVESTMENT: S&P Affirms 'BB+' Long-Term ICR; Outlook Stable
----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB+' long-term issuer credit
rating on MGIC Investment Corp. At the same time, S&P affirmed its
'BBB+' issuer credit and financial strength ratings on MGIC's core
operating subsidiaries. The outlook remains stable. In addition,
S&P affirmed its 'BB+' senior unsecured debt ratings and its 'BB-'
junior subordinated debt ratings on MGIC.

The stable outlook reflects S&P's expectations that MGIC will
defend its market position while maintaining underwriting
discipline. It expects capitalization to remain redundant at the
'BBB' confidence level, benefiting from operating profitability and
reinsurance utilization.

S&P could raise its ratings by one notch in the next two years if:

-- MGIC maintains substantial capital adequacy at the 'A'
confidence level, supported by strong operating profitability and
efficient capital management practices;

-- The company further demonstrates strong risk controls by
maintaining underwriting discipline that aids in achieving low
double-digit returns on equity on a sustained basis;

-- Economic and housing fundamentals are supportive.

"We could lower our ratings in the next two years if MGIC's
underwriting discipline weakens and portfolio credit quality
deteriorates, and if that may hurt the longer-term profitability of
its insured mortgage exposure and strength of its capitalization,"
S&P said.

"Our ratings on MGIC reflect its solid market presence in the U.S.
private mortgage insurance industry, supported by its long-standing
relationship with both national and regional lenders throughout the
U.S. MGIC has sustained its market share around 17%-18% while
maintaining its underwriting standards," S&P said.


NA RAIL HOLD: S&P Assigns B- Issuer Credit Rating; Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings assigned its 'B-' issuer credit rating to NA
Rail Hold Co., operating as Patriot Rail & Ports.

At the same time, S&P assigned its 'B' issue-level rating and '2'
recovery rating (rounded estimate: 70%) to the proposed $325
million first-lien credit facility that will be used to finance
First State Investments' acquisition of the company.  The credit
facility is comprised of a $40 million revolving credit facility
due 2024 and a $285 million first-lien term loan due 2026.

S&P views NA Rail Hold Co. (Patriot Rail & Ports) as a small
participant in the North American rail industry. Patriot operates
12 short-line railroads in the U.S. Short-line railroads provide
freight transportation over a shorter length of haul than larger
Class I railroads. Often these railroads provide interchange
services between a specific customer and a larger railroad.
Patriot's rail network is not only much smaller than the major
Class I railroads, but it's also smaller than those of other rated
short-line operators, such as Genesee & Wyoming Inc., which
operates approximately 120 short lines globally, and Watco Cos.
LLC, which operates around 40. Because of its smaller size, the
company's geographic diversification is limited, with most of its
railroads located in the southeastern and western U.S. S&P believes
this could limit operational flexibility, for example if there's
adverse weather in the regions where Patriot operates.

S&P's outlook on NA Rail Hold Co. is stable. The rating agency
believes the company will continue to benefit from continued strong
demand for some of the commodities it hauls, such as pulp and paper
products, despite somewhat weaker overall demand for freight in the
U.S. S&P expects the company's credit metrics to improve modestly
after its acquisition, as Patriot improves its operational
performance, mainly from closing underperforming locations. The
rating agency forecasts funds from operations (FFO) to debt will
remain in the 10%-12% area through 2020, while debt to EBITDA will
decrease slightly to the mid-5x area in 2020 from the high-5x area
in 2019.

"Although unlikely, we could raise our ratings over the next 12
months if the company improves credit metrics, with FFO to debt
improving above 12% and debt to EBITDA declining below 5x on a
sustained basis, even if the company pursues potential
acquisitions. This would most likely occur if the company prepays
debt or its operating efficiency improves more than expected," S&P
said, adding that it would also need to believe that the risk of
re-leveraging is low and that its financial sponsor would support
credit metrics at these improved levels.

"Also unlikely, we could lower our rating over the next 12 months
if we believe the company's capital structure will not be
sustainable over the long term. This could occur if the company is
more aggressive that we expect in pursuing debt-financed
acquisitions or if its liquidity deteriorates due to significantly
weaker operating results," S&P said.



NATIONAL JEWISH HEALTH: S&P Puts BB+ Long-Term Rating on Watch Neg.
-------------------------------------------------------------------
S&P Global Ratings has placed its 'BB+' long-term rating and
underlying rating (SPUR) on the Colorado Health Facilities
Authority's bonds issued for National Jewish Health (NJH) on
CreditWatch with negative implications.

At the same time, S&P affirmed its 'A/A-1' dual rating on the
authority's series 2005 variable-rate revenue bonds issued for NJH.
S&P based the rating jointly on the low correlation of its SPUR on
NJH and the long-term rating on the letter of credit (LOC)
provider, UMB Bank N.A. It based the short-term rating solely on
the bank's credit quality. At this time, the rating agency does not
believe that the range of possible movement in the SPUR would
likely impact the joint criteria rating. The LOC expires in 2021.

"The CreditWatch placement reflects the authority's pending $81
million series 2019 revenue bonds, issued for the NJH-SJH Center
for Outpatient Health LLC to construct a building to be purchased
by National Jewish Health," said S&P credit analyst Chloe Pickett.

S&P views the series 2019 bonds and associated debt service
payments as part of NJH's debt profile and this debt will be
accounted for on NJH's balance sheet. The rating agency believes
this issuance will put some pressure on NJH's financial profile,
although it may also positively affect the business position given
the additional business volume the project will generate.

S&P plans to meet with NJH management and resolve the CreditWatch
within 90 days.


NEURO-ENDOCEUTICALS: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------------
The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 cases
of Neuro-Endoceuticals LLC and Earth's Natural Minerals LLC,
according to court dockets.
    
                   About Neuro-Endoceuticals and
                     Earth's Natural Minerals

Neuro-Endoceuticals, LLC, and Earth's Natural Minerals, LLC, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D.
Fla. Case Nos. 19-05180 and 19-05181) on Aug. 6, 2019.  At the time
of the filing, Neuro-Endoceuticals was estimated to have assets of
between $100,001 and $500,000 and liabilities of between $500,001
and $1 million; and Earth's Natural Minerals disclosed assets of
between $500,001 and $1 million and liabilities of $50,001 and
$100,000.  The cases are assigned to Judge Karen S. Jennemann.  The
Debtors are represented by the Law Offices of Mickler & Mickler,
LLP.


NOBLE CORP: S&P Cuts Issuer Credit Rating to 'CCC+'; Outlook Neg.
-----------------------------------------------------------------
S&P Global Ratings lowered the issuer credit rating on Noble Corp.
PLC to 'CCC+' from 'B'.

The downgrade reflects continued weak industry conditions and
resulting cash flows that will keep debt leverage high for the next
24 months.

S&P estimates debt to EBITDA will be above 10x in 2019 and 2020,
before a meaningful decline in 2021. Although rig demand has
improved, especially for jack ups, day rates for floating rigs
remain close to breakeven levels, with continued demand improvement
dependent on a sustained recovery in volatile crude oil prices. To
cushion weak cash flows, S&P expects Noble to maintain modest
financial policies and adequate liquidity to address upcoming
maturities totaling about $465 million, including its 2015 credit
facility maturing in 2020.

The stable outlook reflects Noble's adequate liquidity in the face
of its upcoming maturity schedule, including the maturity of its
2015 credit facility in January 2020 ($300 million outstanding).
The company's liquidity somewhat cushions its high debt leverage,
at a time of uncertain capital markets for the industry. The
outlook also reflects S&P's expectation that the company will
maintain modest financial policies that should limit negative free
cash flow until day rates materially improve in 2021 under the
rating agency's assumptions.

"We could lower ratings if the current recovery in industry
conditions stalls, likely resulting in lower-than-expected contract
renewals and weaker day rates. This would delay expected
deleveraging and put increased pressure on liquidity, which if
materially weakened could result in a downgrade. Finally, we could
lower the ratings if we believe the company would consider a debt
exchange that we view as distressed," S&P said.

"We could raise ratings if industry conditions strengthen such that
we expect a clear path toward debt to EBITDA of 5x, while the
company maintains adequate liquidity. This likely occurs in
conjunction with a sustained improvement in utilization, leading to
stronger day rates that should boost cash flows and improve
financial performance," S&P said.


OMNITRACS HOLDINGS: S&P Assigns 'B' ICR; Outlook Stable
-------------------------------------------------------
S&P Global Ratings assigned its 'B' issuer credit rating to
Omnitracs Holdings LLC, the holding company for U.S.-based fleet
management software provider Omnitracs LLC. All other ratings in
the group are unchanged.

The rating reflects Omnitracs' limited scale and narrow product and
end-market focus compared to other rated large enterprise software
providers. It also takes into account S&P's expectations of
leverage of about 6x for the financial year ending Sept. 30, 2019,
and a slight reduction to above 5.5x in the next 12 months.

The stable outlook reflects S&P's expectation that Omnitracs will
maintain modest revenue and EBITDA growth through new customer
gains, increased penetration of premium applications, and operating
efficiency gains. Therefore, leverage would be maintained below the
6x area over the next 12 months.

"We could lower the rating if revenue declines, stemming from
reduced customer renewal rates or unfavorable macro trends in the
trucking industry, lead to low-single-digit percentage free cash
flow as a percentage of debt or sustained leverage above the 7x
area over the next 12 months," S&P said.

"Although unlikely over the next 12 months because of the company's
financial sponsor ownership structure, which could limit sustained
deleveraging, we could consider an upgrade over the longer term if
Omnitracs maintains consistent operating performance while
committing to leverage below 5x on a sustained basis," S&P said.


PANOCHE ENERGY: S&P Affirms 'CCC+' ICR; Rating Off Watch Negative
-----------------------------------------------------------------
S&P Global Ratings said the ratings on Firebaugh, Calif.-based
electric power generator Panoche Energy Center LLC (PEC) are
expected to remain in the 'CCC' category while Pacific Gas &
Electric Co.'s bankruptcy case progresses given the company's
reliance on PG&E for its revenues.

S&P removed the rating on Firebaugh, Calif.-based electric power
generator Panoche Energy Center LLC (PEC) from CreditWatch with
negative implications, affirmed its 'CCC+' rating, and assigned a
developing outlook to the project's debt.

PEC is a 400-megawatt gas-fired simple-cycle power plant in
Panoche, Calif., about 50 miles west of Fresno. The project started
commercial operations in 2009. PEC is owned by funds managed by
Ares EIF Management LLC (not rated). PEC earns its revenue through
a long-term PPA with PG&E (D/D/--). It contracts out day-to-day
operations and maintenance to NAES Corp. (not rated). A contractual
services agreement with GE Energy, an affiliate of General Electric
Co. (BBB+/Stable/A-2), covers major maintenance.

After removing the rating from CreditWatch, S&P affirmed its 'CCC+'
rating on PEC's bonds. However, S&P's 'CCC+' rating reflects that
it views PEC's notes to be vulnerable to default. However, the
rating agency does not see a clear path to a default in the next 12
months. The rating balances the lack of credit quality of PG&E and
the risk of contract rejection, which now seems less likely, with
timely ongoing monthly power payments received by the project. S&P
doesn't currently see a specific default scenario, and it believes
creditors will waive their remedies so long as utility payments to
PEC continue. However, S&P does think that the issuer remains
vulnerable and dependent on favorable developments during PG&E's
bankruptcy proceedings. S&P's recovery rating on PEC's bonds
remains '3', indicating its anticipation of meaningful recovery
(50%-70%; rounded estimate: 60%) of principal in a payment default
scenario.

"Our developing outlook reflects that we may upgrade or downgrade
the rating, depending on future developments. We are likely to
raise our rating on PEC if its PPA terms are unchanged and PG&E
emerges from bankruptcy with a rating above 'CCC+'. We see this as
the most likely rating path for the project," S&P said. Although
there is no guarantee the company's plan will be implemented as
filed, the apparent intent of the company to keep the current
contracts bodes well for existing suppliers and, in S&P's view,
increases the prospects for the project's contract surviving the
process.

"The developing outlook also reflects, however, that should the
plan be modified or replaced and it becomes clear that a rejection
or renegotiation of the contract is likely, we could lower the
ratings within the 'CCC' or 'CC' categories. Moreover, if lenders
exercise their rights under the project documents relating to
events of default, including termination and acceleration of
project debt, we may also lower the rating," S&P said.


PIONEER CONTRACTING: Seeks to Hire Glen Frost as Special Counsel
----------------------------------------------------------------
Pioneer Contracting Co., Inc., seeks authority from the U.S.
Bankruptcy Court for the District of Maryland to employ Glen Frost
and Frost & Associates, LLC, as special counsel to the Debtor.

Pioneer Contracting requires Glen Frost to represent the Debtor in
various tax issues in relation to the Chapter 11 bankruptcy
proceedings.

Glen Frost will be paid at these hourly rates:

     Senior Attorneys             $495
     Associates               $375 to $395
     Paralegals                   $215
     Administrations              $100

Glen Frost will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Glen Frost, partner of Glen Frost and Frost & Associates, LLC,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Glen Frost can be reached at:

     Glen Frost, Esq.
     GLEN FROST AND FROST & ASSOCIATES, LLC
     839 Bestgate Rd., Suite 400
     Annapolis, MD 21401
     Tel: (410) 497-5947

                  About Pioneer Contracting

Pioneer Contracting Co is a general contractor in Glen Burnie,
Maryland.

The Company previously sought bankruptcy protection on Aug. 1, 2012
(Bankr. D. Md. Case No. 12-24480).

Pioneer Contracting Co, Inc., based in Glen Burnie, MD, again filed
a Chapter 11 petition (Bankr. D. Md. Case No. 19-17133) on May 25,
2019.  In the petition signed by Bhailal B. Patel, president, the
Debtor was estimated to have $100,000 to $500,000 in assets and $1
million to $10 million in liabilities.  RLC Lawyers & Consultants,
serves as bankruptcy counsel.  Glen Frost and Frost & Associates,
LLC, is special counsel.




PIONEER NURSERY: Panel Hires Charles River as Expert Economist
--------------------------------------------------------------
The Official Committee of Unsecured Creditors of Pioneer Nursery,
LLC, seeks authorization from the U.S. Bankruptcy Court for the
Eastern District of California to retain Charles River Associates,
as expert economist and consultant to the Committee.

The Committee requires Charles River to provide expert economist
and consultant services to the Committee in the mediation with AIG
and in any potential litigation with AIG if mediation does not
result in the settlement of claims.

Charles River will be paid at these hourly rates:

     Ann McDermott                    $390
     Analysts/Associates          $250 to $280

Charles River will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Ann McDermott, a partner at Charles River Associates, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and (a) is not
creditors, equity security holders or insiders of the Debtor; (b)
has not been, within two years before the date of the filing of the
Debtor's chapter 11 petition, directors, officers or employees of
the Debtor; and (c) does not have an interest materially adverse to
the interest of the estate or of any class of creditors or equity
security holders, by reason of any direct or indirect relationship
to, connection with, or interest in, the Debtor, or for any other
reason.

Charles River can be reached at:

     Ann McDermott
     CHARLES RIVER ASSOCIATES
     221 Main Street, Suite 1650
     San Francisco, CA 94105
     Tel: (415) 490-2750

                     About Pioneer Nursery

Founded in 1968, Pioneer Nursery Inc. is in the retail nurseries
and garden stores industry. It owns crops -- either planted or
harvested -- of approximately 440,000 pistacio trees worth $7 per
tree having a total retail value of $3.08 million. It posted gross
revenue of $4.55 million in 2016 and gross revenue of $7.78 million
in 2015.

Pioneer Nursery sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Cal. Case No. 17-13112) on Aug. 11,
2017. Brian Blackwell, member, signed the petition. At the time of
the filing, the Debtor disclosed $5.42 million in assets and
$245,701 in liabilities.  Judge Fredrick E. Clement oversees the
case.  Fear Waddell, P.C., is the Debtor's bankruptcy counsel.
Lewis Brisbois is the Debtor's insurance defense counsel.



PLH GROUP: S&P Lowers ICR to 'B' on Weaker Earnings, Cash Flow
--------------------------------------------------------------
S&P Global Ratings lowered the issuer credit rating on PLH Group
Inc. to 'B' from 'B+'.

At the same time, S&P lowered its issue-level rating on PLH's term
loan to 'B+' from 'BB-'. S&P's recovery rating remains '2',
indicating its expectation for substantial recovery in the event of
a default.

The downgrade takes into account PLH's lower-than-expected earnings
and cash flows for 2019, caused by project challenges in the
company's pipeline segment. While S&P expects some improvement in
the second half of the year, it believes PLH's free cash flow in
2019 could be negative. However, S&P believes that PLH has
sufficient liquidity, with availability of $31 million on its
asset-backed lending (ABL) facility as of June 30, 2019 as well as
$21 million of cash. The company also expects to collect some of
its outstanding receivables in the third quarter.

The stable outlook on PLH reflects S&P's assumption that the
company's results and credit metrics will remain in line for the
rating despite recent weakness in the company's pipeline segment.
S&P expects PLH's adjusted debt leverage to be around 4x in 2019.

"We could lower our ratings on PLH during the next 12 months if its
operating performance is weaker than anticipated causing meaningful
cash outflows or liquidity deteriorates, if covenant headroom
declines to under 15%, for example. This could result from
continued weakness in the company's pipeline segment due to weak
demand, unexpected execution challenges, or project losses," S&P
said. Alternatively, the rating agency could lower the ratings if
it expects adjusted debt-to-EBITDA to increase above 6x on a
sustained basis.

"Although unlikely, we could upgrade the company over the next 12
months if PLH's leverage declines below 4x and the company achieves
a free operating cash flow (FOCF) to debt ratio over 5% on a
sustained basis. This could occur if the company is able to execute
successfully on projects beyond our current expectations, with an
improved demand outlook for its services," S&P said.


PREMIERE GLOBAL: S&P Cuts ICR to 'SD' After Term Loan Amendment
---------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S.-based
global audio conference service provider Premiere Global Services
Inc.'s (PGi) to 'SD' from 'CCC-' and the issue-level rating on its
senior secured first-lien debt to 'D' from 'CCC-'.

The downgrade follows Premiere Global Services Inc. (PGi's)
proposed amendment with its lender group that will push out the
maturities of each of its debt tranches by two years, reduce the
amortization requirements on its senior secured first-lien term
loan, and allow the second-lien term loan to pay in kind (PIK). In
exchange, lenders will receive an additional 200 basis points of
interest when the loans mature. Debtholders that do not consent to
the amendment will be subordinated to all other debt in the capital
structure. At the same time, the company will receive a $61.6
million equity infusion from its private equity sponsor Siris
Capital, which it will contribute in three stages.


PRIME HEALTHCARE: S&P Affirms 'B-' ICR; Outlook Stable
------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating and 'B-'
issue level rating on Prime Healthcare Services Inc.'s term loan.

S&P believes Prime's business model is becoming more vulnerable as
the environment for hospitals continues to get more difficult.
Moreover, the rating agency believes the company may need to revise
its strategy to contend with this changing marketplace. Despite
Prime's relatively large scale of 30 hospitals, S&P views the
company's hospital portfolio and business model to be inferior to
its peers. Its payor mix is heavily focused on government payors
(Medicare and Medicaid) for an estimated 80% of revenues. Prime
relies on the emergency room as the key entrance point for about
80% of its admissions, far higher than the national average of
about 50%. S&P believes they may need to reconsider, or revise this
approachas both Medicare and Medicaid are migrating relatively
rapidly to a managed care model that seeks to more aggressively
manage emergency room utilization to reduce costs. Both adjusted
admissions (which includes the impact of outpatient visits) and
emergency room visits for Prime have been declining at a high rate
for the past couple of years. Prime's patient volume trends are
much weaker than the peer group of rated for-profit health care
systems. Adjusted admissions (same facility) have declined about
The stable outlook reflects S&P's expectation that the company's
portfolio will be relatively unchanged over the next year, and that
the company will continue to improve billing/collections to help
maintain flat revenue. S&P also considers the downside risk related
to the currently weak admissions trend may be contained at least
for the next year by further benefits of improvements in the
company's business systems and recent cost reductions. In addition,
S&P recognizes the potential lumpiness in performance due to the
impact of the California Hospital Quality Assurance Fee Program
that could cause temporary deviations from the rating agency's
forecast.

"We could lower the rating if the company continues to experience
significant patient volume declines. We believe the declines could
lead to weaker operating performance with lower margins, and the
elimination of its free cash flow. Under this scenario, we might
call into question the sustainability of the company's capital
structure," S&P said.

"We could raise the rating if the company develops a solid strategy
to stabilize patient volumes that appears likely to result in
better financial results. At the same time, we would need to expect
that future financial metrics would remain consistent with current
leverage in the 4x-5x area," the rating agency said.


PSK PROPERTIES: Seeks Permission to Use Cash Collateral
-------------------------------------------------------
PSK Properties & Investment, LLC, seeks the approval of the U.S.
Bankruptcy Court for the Northern District of Texas to use cash
collateral to (a) pay $5,000 in monthly interest to Providence
Bank, (b) salary to the manager of the Debtor's business and (c)
pay operating costs.  

The Debtor also proposes to offer Providence Bank (i) a continuing
lien or interest in the Debtor's property to the same extent as the
liens or interests existed prepetition; and (ii) a continuing lien
and security interest in any postpetition proceeds and products of
Debtor's property to the same extent as they existed prepetition.


                 About PSK Properties Investment

PSK Properties Investment, LLC, owns in fee simple a commercial
real estate located in Fort Worth, Texas, valued by the Company at
$4.29 million.  

PSK sought Chapter 11 protection (Bankr. N.D. Tex. Case No.
19-43595) on Aug. 31, 2019 in Fort Worth, Texas.  The petition was
signed by Pierre Khoury, president, BestBUY Gas & C-Store Inc., its
managing member.  The Debtor listed total assets at $4,792,306 and
total liabilities at $3,591,100.  M.J. WATSON & ASSOCIATES, P.C.,
is the Debtor's counsel.


PUBLIC FINANCE AUTHORITY, WI: S&P Cuts 2017A Bond Rating to 'CCC'
-----------------------------------------------------------------
S&P Global Ratings lowered its rating on the Public Finance
Authority, Wis.' (Cedar Grove Portfolio) series 2017A bonds to 'CCC
(sf)' from 'A-', and its rating on the authority's subordinate
series 2017B multifamily housing revenue bonds to 'CCC (sf)' from
'BBB-'. S&P placed the ratings on both series on CreditWatch with
negative implications. Both were issued for Invest in America's
Veterans Foundation Inc., Fla.

"The lowered ratings and CreditWatch placements reflect our view
that without significant financial intervention from the owner or
an outside party, there are insufficient funds to pay debt service
and a draw on the debt service reserve fund (DSRF) for the Dec 1.
2019 debt service payment will be necessary," said S&P Global
Ratings credit analyst Ki-Beom Park. Without the sale of the
properties, the only funds available for debt service payments are
in the DSRF which is sized at six months of maximum annual debt
service (MADS).



PUBLIC FINANCE AUTHORITY, WI: S&P Cuts Bond Ratings to 'CCC+(sf)'
-----------------------------------------------------------------
S&P Global Ratings lowered its long-term ratings to 'CCC+ (sf)'
from 'B- (sf)' on the Public Finance Authority, Wis.' series 2016A
and 2016B multifamily housing revenue bonds, issued for Pure
Charity Fund (PCF), Ohio's Ellsworth Parkview Apartments, and
Covenant Manor Apartments project (Ellsworth-Covenant). The outlook
on the ratings is negative for both the 2016A and 2016B bonds.

"Our understanding is that as of August 2019 the project has not
made sufficient deposits to the project's replacement reserve fund
as required by the transaction's trust indenture, due to
insufficient rental revenue," said S&P credit analyst Raymond Kim.

The negative outlook reflects S&P's expectation that the project's
financial position may deteriorate further in 2019 if expenses are
not managed, and if sharp year-over-year increases occur similar to
2018. Accordingly, S&P assesses at least a one-in-three likelihood
of a downgrade within the one-year outlook period. In addition, the
negative outlook reflects S&P's view of the project's highly
vulnerable ownership, management, and strategy assessments. In its
opinion, ownership, management, and strategy of the project could
have unfavorable impact on the project's financial and operational
performance.


QORVO INC: S&P Rates $300MM Senior Unsecured Notes 'BB+'
--------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating and '3'
recovery rating to Greensboro, N.C.-based semiconductor
manufacturer Qorvo Inc.'s new 10-year, $300 million senior
unsecured notes. The '3' recovery rating reflects its expectation
of meaningful recovery (50%-70%; rounded estimate: 55%) in a
payment default.

S&P's issuer credit rating on Qorvo remains 'BB+' with a stable
outlook. Its ratings on Qorvo reflect the company's high customer
concentration and significant exposure to the wireless handset
marketplace. These factors are offset by Qorvo's low financial
leverage and significant secular growth trends from increasing
wireless data consumption. S&P's outlook is based on its
expectation that the firm's strong market position in radio
frequency (RF) analog semiconductor devices, growth in mobile data
traffic, and increasing RF content in flagship smartphones will
enable Qorvo to expand faster than the broader analog semiconductor
industry.

"We expect Qorvo to sustain S&P Global Ratings-adjusted net
leverage at or below 1x, in spite of near-term weakness in handset
demand," the rating agency said.

ISSUE RATINGS - RECOVERY ANALYSIS

Key analytical factors

-- S&P has assigned its '3' recovery rating to Qorvo's new senior
unsecured notes, which is pari passu to all existing unsecured
debt.

-- All other recovery ratings are unchanged. S&P believes that to
trigger a default scenario, Qorvo's EBITDA would need to decline by
over 70%.

-- S&P's simulated default scenario contemplates a default in 2024
due to slowing smartphone sales, a failure to obtain critical
design wins, and the loss of several major customers.

-- S&P values the company on a going-concern basis utilizing a 5x
multiple of its projected emergence-level EBITDA.

-- The 5x valuation multiple reflects the inherent volatility and
capital intensity of the semiconductor industry, partially offset
by Qorvo's intellectual property portfolio.

Simplified waterfall

-- Net enterprise value (after administrative costs):
approximately $800 million

-- Senior unsecured claims: approximately $1.5 billion

-- Recovery expectations: 50%-70% (rounded estimate: 55%)


RADIAN GROUP: S&P Affirms 'BB+' Long-Term ICR; Outlook Stable
-------------------------------------------------------------
S&P Global Ratings affirmed its 'BB+' long-term issuer credit
rating on Radian Group Inc. (NYSE: RDN) and its 'BBB+' long-term
insurer financial strength and issuer credit ratings on its core
subsidiaries. The outlook is stable.

The stable outlook reflects S&P's view that Radian will continue to
be one of the leading players in the sector and will maintain a
prudent pricing and financial policy stance. S&P expects robust
earnings will continue, which along with company's reinsurance
strategy, should support the current level of capitalization that
is redundant at the 'BBB' confidence level."

S&P could raise its ratings over the next two years if:

-- Risk-adjusted capitalization strengthens to a level that is
materially redundant at the 'A' confidence level on a sustained
basis;

-- The company further demonstrates strong risk controls and
pricing discipline, while generating strong underwriting results
supportive of sustainable low double-digit return on equity; and

-- Economic and housing fundamentals are supportive.

S&P could lower the ratings over the next two years if Radian's
underwriting discipline weakens and portfolio credit quality
deteriorates, which may hurt the longer-term profitability of its
insured mortgage exposure and strength of its capitalization.

Radian has a strong longstanding presence within the U.S. mortgage
insurance sector, an improved operating performance, and a national
footprint across the U.S. It has a diverse lender base largely
anchored by longstanding relationships with national lenders/banks
and credit unions. About 80% of its business is through borrower
paid monthly business, which is higher than in prior years as the
company actively looked to shift new business into higher return
business and to manage the extension risk of the single-premium
business, including use of reinsurance and mortgage insurance
linked notes. Within the single-premium business, Radian's strategy
shifted to borrower-paid products from a risk-reward perspective as
compared to the lender-paid single-premium products. The company's
balance sheet, in S&P's view, has fully recovered from the
financial crisis, and the remaining legacy exposure will continue
to burn out over the next few years. The company's effort to expand
its earnings base through associated services within the
housing/mortgage market (including appraisal services, title
insurance, etc.) has not performed as initially expected. S&P does
not expect any meaningful contribution from this business over the
next two years; therefore, the mortgage insurance earnings remain
paramount. As with Radian's peers, the commoditized and monoline
nature of the business and systemic exposure to the
housing/mortgage market constrain S&P's view of its business
profile.


RAKAI LLC: Seeks to Hire Paul Reece as Attorney
-----------------------------------------------
Rakai, LLC, seeks authority from the U.S. Bankruptcy Court for the
Northern District of Georgia to employ Paul Reece Marr, P.C., as
attorney to the Debtor.

Rakai, LLC requires Paul Reece to:

   (a) provide the Debtor with legal advice regarding its powers
       and duties as debtor in possession in the continued
       operation and management of its affairs;

   (b) prepare on behalf of the Debtor the necessary
       applications, statements, schedules, lists, answers,
       orders and other legal papers pursuant to the Bankruptcy
       Code; and

   (c) perform all other legal services in the Chapter 11
       bankruptcy proceeding for the Debtor which may be
       reasonably necessary.

Paul Reece will be paid at these hourly rates:

         Attorneys             $350
         Paralegals            $125
         Clerical               $50

Paul Reece will be paid a retainer in the amount of $10,000, and
$1,717 filing fee.

Paul Reece will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Paul Reece Marr, partner of Paul Reece Marr, P.C., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Paul Reece can be reached at:

     Paul Reece Marr, Esq.
     PAUL REECE MARR, P.C.
     300 Galleria Parkway, N.W., Suite 960
     Atlanta, GA 30339
     Tel: (770) 984-2255

              About Rakai, LLC

Rakai, LLC, filed a Chapter 11 bankruptcy petition (Bankr. N.D. Ga.
Case No. 19-62326) on August 6, 2019, disclosing under $1 million
in both assets and liabilities. The Debtor is represented by Paul
Reece Marr, Esq., at Paul Reece Marr, P.C.



REGAL ROW FINA: Case Summary & 16 Unsecured Creditors
-----------------------------------------------------
Debtor: Regal Row Fina, Inc.
           d/b/a Regal Row Chevron
           d/b/a Grandys
           f/d/b/a Regal Row Texaco
        1607 Regal Row
        Dallas, TX 75247

Business Description: Regal Row Fina Inc. is a privately held
                      company that operates in the food service
                      industry.

Chapter 11 Petition Date: September 11, 2019

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Case No.: 19-33060

Judge: Hon. Stacey G. Jernigan

Debtor's Counsel: Joyce W. Lindauer, Esq.
                  JOYCE W. LINDAUER ATTORNEY, PLLC
                  12720 Hillcrest Road, Suite 625
                  Dallas, TX 75230
                  Tel: (972) 503-4033
                  Fax: (972) 503-4034
                  E-mail: joyce@joycelindauer.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Shiraz Poonawala, director and
president.

A copy of the Debtor's list of 16 unsecured creditors is available
for free at:

       http://bankrupt.com/misc/txnb19-33060_creditors.pdf

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

            http://bankrupt.com/misc/txnb19-33060.pdf


RICHLAND FARMS: Proposes $321K Sale of Equipment
------------------------------------------------
Richland Farms Partnership and Richland Farms, Inc. ask the U.S.
Bankruptcy Court for the District of Minnesota to authorize them to
sell the following equipment, with their estimated values, that are
no longer needed by their farming operation: (i) Brent 1594 Grain
Cart w/tracks ('13) ($60,000) for $60,000; (ii) 862 Wishek Disk,
S/N AGCW0862TDX032868 ($34,000) for $28,500; (iii) JD 2210 2013
Cultivator, S/N 1N02210XKD0755357 ($48,000) for $45,000; (iv) JD
2210 2013 Cultivator, S/N 1N02210XCD0755359 ($48,000) for $45,000;
(v) concrete Legos (10 to 12) ($50 each); (vi) 10 Box Custom Seed
Tender ($6,841) for $6,000; (vii) Case 875 Field Cultivator, Serial
No. YFD080682 ($62,500) for $52,000; and (viii) Elmer Tracks
($50,000) for 50,000.

Plains Commerce holds a first priority blanket security interest on
all the Equipment other than (i) the Case 875 Field Cultivator
Serial No. YFD080682 and the Elmer Tracks which are subject to
first priority purchase money security interest held by CNH
Industrial Capital America, LLC; and (ii) two John Deere 2210 2013
Cultivators which are subject to a first priority purchase money
security interest held by Deere & Co.  On information and belief,
none of the Equipment is subject to a security interest held by any
other creditor except as described.

Depending upon the method of sale of the Equipment, either the
gross sales price of a private sale or the gross sales price less
the auctioneer's commissions and costs will be paid to Plains
Commerce Bank save and except as follows:  (i) with respect to the
sale of the Case Cultivator and Elmer Tracks, the proceeds will
first be remitted to pay CNH Industrial Capital America, LLC up to
the amount owed on the item sold, with any remainder paid to Plains
Commerce Bank; and (ii) with respect to the sale of the John Deere
Cultivators, the proceeds will first be remitted to pay Deere & Co.
up to the amount owed on the item sold, with any remainder paid to
Plains Commerce Bank.  

The motion to sell the Equipment is contingent upon approval of the
Sixta Farms, LLC motion to lease the Model 4533SXDR "strip till"
machine from Environmental Tillage Systems, Inc. which is filed
concurrently with the motion.  With the strip till equipment
implemented in the Debtors' operation, it will replace the
Equipment being sold through the motion.  Utilizing a strip till
farming methodology will also reduce repairs and maintenance
because less equipment is used, reduce fertilizer by about half
because the fertilizer will lie next to the strip, instead of being
broadcast over the entire field, and reduce fuel because there are
fewer passes over the field required.  Utilizing a strip till
methodology will also make the Debtors eligible for government
programs through the USDA Natural Resources Conservation Service.  
  

The Debtors believe that the sale of the Equipment for the prices
in the range indicated above is in the best interests of the estate
because (a) the equipment is no longer needed for their current
farming operations, and (b) the proceeds will be used to reduce
their obligations to Plains Commerce Bank and, thus, reduce its
interest cost.  Under these circumstances, the Debtors submit that
selling the Equipment, as provided herein, is sound business
judgment.

A hearing on the Motion is set for Sept. 17, 2019 at 9:30 a.m.  The
objection deadline is Sept. 12, 2019, which is five days prior to
the hearing.

             About Richland Farms Partnership

Richland Farms Partnership is a privately held company in the crop
farming business.

Richland Farms Partnership and four affiliates sought protection
under Chapter 11 of the Bankruptcy Code (jointly administered under
Bankr. D. Minn. Case No. 19-30153) on Jan. 18, 2019.  At the time
of the filing, the Debtors estimated assets of less than $50,000
and liabilities of $1 million to $10 million.  The cases are
assigned to Judge Katherine A. Constantine.


ROOFTOP GROUP: Committee Hires Barnes & Thornburg as Co-Counsel
---------------------------------------------------------------
The Official Committee of Unsecured Creditors of Rooftop Group
International Pte. Ltd., seeks authorization from the U.S.
Bankruptcy Court for the Northern District of Texas to employ
Barnes & Thornburg LLP, as co-counsel to the Committee.

The Committee requires Barnes & Thornburg to provide the following
services:

   (a) analysis of property of the estate and maximizing recovery
       for the benefit of creditors;

   (b) cash collateral and post-petition financing, including
       debtor-in-possession financing agreements;

   (c) the treatment of executory contracts and leases, including
       negotiations and litigation involving the rejection of
       contracts and leases;

   (d) the treatment of claims, including litigation involving
       objections to claims;

   (e) review and analysis of disclosure statements and plans of
       reorganization and liquidation and the treatment of
       unsecured creditors, including objections to those
       disclosure statements and plans;

   (f) avoidance litigation;

   (g) asset disposition, including review, analysis, and
       objections to, motions for the approval of sale of assets;

   (h) review and analysis of the Debtor's monthly operating
       reports; and

   (i) negotiation of utility stipulations and other day-to-
       day operational issues of the Debtor.

Barnes & Thornburg will be paid at these hourly rates:

         Partners              $450 to $675
         Associates            $300 to $450
         Paralegals            $200 to $225

Barnes & Thornburg will also be reimbursed for reasonable
out-of-pocket expenses incurred.

James E. Van Horn, a partner at Barnes & Thornburg LLP, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and (a) is not
creditors, equity security holders or insiders of the Debtor; (b)
has not been, within two years before the date of the filing of the
Debtor's chapter 11 petition, directors, officers or employees of
the Debtor; and (c) does not have an interest materially adverse to
the interest of the estate or of any class of creditors or equity
security holders, by reason of any direct or indirect relationship
to, connection with, or interest in, the Debtor, or for any other
reason.

Barnes & Thornburg can be reached at:

     James E. Van Horn, Esq.
     BARNES & THORNBURG LLP
     1717 Pennsylvania Avenue NW, Suite 500
     Washington, DC 20006-4623
     Tel: (202) 371-6351
     Fax: (202) 289-1330
     E-mail: jvanhorn@btlaw.com

                       About Rooftop Group

Rooftop Group International Pte. Ltd. is a private limited company
organized under the laws of Singapore. It was formed to hold
certain intellectual property assets, including registered
trademarks and patents, relating to the manufacture and sale of
hobby-grade drones under the name Propel RC(R). At present, it has
no operations and has no employees, and its remaining assets are
composed almost entirely of certain patents, trademarks, and other
intellectual property. In addition, it licenses certain of its
trademarks to Amax Industrial Group China Co, Ltd., under a
nonexclusive license agreement.

Certain of Rooftop Group's prepetition secured creditors commenced
collection actions against the Debtor in Singapore courts
pertaining to prepetition debt obligations under which the Debtor
was either a primary obligor or guarantor.  The Debtor's
intellectual property assets are not encumbered by any lien or
security interest; however, a portion of the outstanding equity in
the Debtor is pledged to secure repayment of certain of the
Debtor's prepetition obligations and certain prepetition creditors
assert liens on certain asset classes other than intellectual
property.

To preserve the value of its intellectual property assets for the
benefit of all its unsecured creditors, on April 30, 2019, the
Debtor filed a voluntary petition for relief under chapter 11 of
the Bankruptcy Code (Bankr. N.D. Tex. Case No. 19-31443).  In the
petition signed by Darren Matloff, director, the Debtor was
estimated to have $1 million to $10 million in assets and $50
million to $100 million in liabilities.  The Hon. Harlin DeWayne
Hale oversees the case.  The Debtor is represented by Reed Smith
LLP.

The Office of the U.S. Trustee on June 13, 2019, appointed three
creditors to serve on an official committee of unsecured creditors
in the Chapter 11 case.  Ross & Smith, PC, and Barnes & Thornburg
LLP, serve as co-counsel to the Committee.


ROOFTOP GROUP: Committee Hires Ross & Smith as Co-Counsel
---------------------------------------------------------
The Official Committee of Unsecured Creditors of Rooftop Group
International Pte. Ltd., seeks authorization from the U.S.
Bankruptcy Court for the Northern District of Texas to employ Ross
& Smith, PC, as co-counsel to the Committee.

The Committee requires Ross & Smith to:

   (a) assist the Committee in carrying out its duties, rights
       and obligations under the Bankruptcy Code and applicable
       Bankruptcy Rules;

   (b) advise the Committee of its responsibilities to the
       unsecured creditor body and to direct necessary
       communications with the Debtor, including attendance at
       meetings and negotiations with the Debtor secured and
       unsecured creditors, their counsel and other parties in
       interest;

   (c) prepare on behalf of the Committee all necessary motions,
       answers, orders, reports, and other legal papers in
       connection with the duties and responsibilities of the
       Committee, and represent the Committee in all hearings
       held in connection with the case; and

   (d) perform any and all other legal services and providing all
       other legal advice to the Committee in connection with the
       case.

Ross & Smith will be paid at the hourly rates of $520 to $385.

Ross & Smith will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Judith W. Ross, partner of Ross & Smith, PC, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and (a) is not creditors,
equity security holders or insiders of the Debtor; (b) has not
been, within two years before the date of the filing of the
Debtor's chapter 11 petition, directors, officers or employees of
the Debtor; and (c) does not have an interest materially adverse to
the interest of the estate or of any class of creditors or equity
security holders, by reason of any direct or indirect relationship
to, connection with, or interest in, the Debtor, or for any other
reason.

Ross & Smith can be reached at:

     Judith W. Ross, Esq.
     Rachael L. Smiley, Esq.
     ROSS & SMITH, PC
     700 North Pearl Street, Suite 1610
     Dallas, TX 75201
     Tel: (214) 377-7879
     Fax: (214) 377-9409
     E-mail: judith.ross@judithwross.com
             rachael.smiley@judithwross.com

                       About Rooftop Group

Rooftop Group International Pte. Ltd. is a private limited company
organized under the laws of Singapore. It was formed to hold
certain intellectual property assets, including registered
trademarks and patents, relating to the manufacture and sale of
hobby-grade drones under the name Propel RC(R). At present, it has
no operations and has no employees, and its remaining assets are
composed almost entirely of certain patents, trademarks, and other
intellectual property. In addition, it licenses certain of its
trademarks to Amax Industrial Group China Co, Ltd., under a
nonexclusive license agreement.

Certain of Rooftop Group's prepetition secured creditors commenced
collection actions against the Debtor in Singapore courts
pertaining to prepetition debt obligations under which the Debtor
was either a primary obligor or guarantor.  The Debtor's
intellectual property assets are not encumbered by any lien or
security interest; however, a portion of the outstanding equity in
the Debtor is pledged to secure repayment of certain of the
Debtor's prepetition obligations and certain prepetition creditors
assert liens on certain asset classes other than intellectual
property.

To preserve the value of its intellectual property assets for the
benefit of all its unsecured creditors, on April 30, 2019, the
Debtor filed a voluntary petition for relief under chapter 11 of
the Bankruptcy Code (Bankr. N.D. Tex. Case No. 19-31443).  In the
petition signed by Darren Matloff, director, the Debtor was
estimated to have $1 million to $10 million in assets and $50
million to $100 million in liabilities.  The Hon. Harlin DeWayne
Hale oversees the case.  The Debtor is represented by Reed Smith
LLP.

The Office of the U.S. Trustee on June 13, 2019, appointed three
creditors to serve on an official committee of unsecured creditors
in the Chapter 11 case.  Ross & Smith, PC, and Barnes & Thornburg
LLP, serve as co-counsel to the Committee.


SCHROEDER BROTHERS: Trustee Seeks to Hire Grothman & Associates
---------------------------------------------------------------
Jane Zimmerman, the Chapter 11 liquidating trustee for Schroeder
Brothers Farms of Camp Douglas LLP, seeks approval from the U.S.
Bankruptcy Court for the Western District of Wisconsin to hire a
surveyor.

The Debtor owns various parcels of real property, in the towns of
Orange and Fountain, Juneau County, Wisconsin, totaling
approximately 864 acres.

The liquidating trustee proposes to retain Scott Hewitt and
Grothman & Associates, S.C. as the surveyor to conduct the survey
of the Farmland. The liquidating trustee wants to retain surveyor
for the purpose of conducting a survey of the Farmland through the
execution of a contract.

Grothman shall be paid on an hourly basis for an estimated total
fee of $20,000.00 for compensation. The liquidating trustee shall
pay all costs and expenses incurred by surveyor in connection with
the survey of the Farmland.

Grothman does not own or represent an interest adverse to the
Debtor, any creditor of the Debtor, or any other party in interest
including the Office of the U.S. Trustee, or any employee of the
U.S. Trustee, according to court filings.

The firm can be reached through:

     Scott Hewitt
     Grothman & Associates, S.C.
     P.O. Box 373
     625 E. Slifer
     Portage, WI 53901
     Tel: (608) 742-7788
     Fax: (608) 742-0434
     Email: surveying@grothman.com

                About Schroeder Brothers

Schroeder Brothers Farm of Camp Douglas LLP sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wis. Case No.
16-13719) on Nov. 2, 2016.  The petition was signed by Rocky
Schroeder, authorized representative.  At the time of the filing,
the Debtor estimated its assets at $500 million to $1 billion and
debt at $1 million to $10 million.

The case is assigned to Judge Catherine J. Furay.  

The Debtor is represented by Pittman & Pittman Law Offices, LLC.

On Dec. 7, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee retained
DeWitt Ross & Stevens S.C. as its bankruptcy counsel.

Jane F. Zimmerman was appointed as Chapter 11 liquidating trustee
for the Debtor's bankruptcy estate.  She is represented by Murphy
Desmond S.C.


SPECTACLE GARY: S&P Assigns 'B-' ICR; Outlook Stable
----------------------------------------------------
S&P Global Ratings assigned its 'B-' issuer credit rating to
Spectacle Gary Holdings LLC (d/b/a Hard Rock Northern Indiana).

The company plans to enter into a $360 million credit facility,
including a $10 million priority revolver, $325 million first-lien
term loan, and $25 million delayed-draw term loan. It plans to use
proceeds to help fund construction and development of the Hard Rock
Northern Indiana casino in Gary, Ind.

S&P assigned its 'BB-' issue level rating to the company's proposed
$10 million priority revolver. The recovery rating is '1+' (rounded
estimate: 100%). S&P assigned its 'B-' issue level rating to the
proposed $325 million term loan and $25 million delayed-draw term
loan. The recovery rating is '3' (rounded estimate: 65%).

The 'B-' issuer credit rating reflects construction and ramp-up
risks typical of new projects. S&P believes ramp-up risks may be
somewhat exacerbated since Spectacle Gary will operate in a highly
competitive market and that the expected timing of the property's
opening could coincide with an economic slowdown.

The stable outlook reflects S&P's forecast for Spectacle Gary to
maintain sufficient liquidity through construction and that the
property will generate sufficient EBITDA in its first two years of
operations to comfortably support fixed charges and generate
positive DCF, which may be used for debt reduction.

"We could lower the rating if we no longer believed the company had
sufficient liquidity sources to cover construction costs or
operating expenses during the first few months of operations. This
would likely occur if the project ran meaningfully over budget, was
meaningfully delayed, or if the casino underperformed our base-case
EBITDA forecast by about 15% in its first few months," S&P said.
The rating agency said it could also revise the outlook to negative
or lower the rating if it no longer believed economic conditions
would support its base-case forecast, resulting in meaningfully
lower EBITDA generation in the first two years of operations
compared to its current forecast.

"We could raise the rating one notch once we believed the property
achieved run rate EBITDA that resulted in at least modest DCF, debt
to EBITDA under 5x, and EBITDA coverage of interest of at least 2x.
These credit measures would entail EBITDA growth above our
base-case forecast, the use of potential asset sale proceeds to
reduce debt balances, and addressing the preferred equity in a
manner that allowed for debt reduction over time," S&P said, adding
that before raising the rating, it would also need to be confident
that Spectacle Gary could maintain these credit measures even after
absorbing the impact of new Illinois competition.


SRS DISTRIBUTION: S&P Affirms B Issuer Credit Rating; Outlook Neg.
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B' issuer credit rating on
U.S.-based SRS Distribution Inc. The outlook remains negative.

At the same time, S&P assigned a 'B' issue-level and '4' recovery
rating to the company's new incremental $250 million first-lien
term loan add-on, the proceeds of which will be used to repay
asset-based loan (ABL) revolving credit borrowings and fund future
acquisitions.  S&P's ratings on the company's existing senior
secured debt and unsecured senior notes are unchanged.

S&P expects the company to use its ABL facility to continue to
acquire smaller roofing distributors, resulting in weaker leverage
measures than the rating agency's previous forecast.

S&P projects the company's proposed $250 million term loan and
funding of acquisitions using ABL borrowings over the past 24
months to bring debt leverage to about 7.1x at the end of its
upcoming 2019 fiscal year ending Oct. 31. This measure is weak for
the current 'B' rating. This compares to S&P's prior expectation of
6.5x. S&P thinks debt leverage could reach higher levels depending
upon the pace and absorption of future acquisitions.

The negative outlook reflects S&P's expectation that following the
proposed new term loan the company's leverage will be above 7x, a
level that is weak for the rating. Although S&P expects the
company's end markets (80% of which are derived from roof
replacement) and growth strategy to continue to propel sales and
earnings, the rating agency notes that the high debt burden narrows
the company's financial flexibility in the event of
weaker-than-expected operating results or an economic downturn.

"We could lower the rating if the company's leverage remains above
7x or if interest coverage were to decline toward 2x over the next
12 months due possibly to an accelerated pace of debt-financed
acquisitions or reduced EBITDA caused by an economic slowdown,
fewer roof replacements, or higher product costs," S&P said. This
could occur if margins compressed due to an unanticipated spike in
product costs that SRS is unable to pass on to its customers, a
lack of storm activity that causes demand to shrink, or problems
integrating further acquisitions, according to the rating agency.

S&P said it could also downgrade the company if liquidity becomes
constrained, such that availability under its $400 million ABL
decreased significantly because of acquisition funding coupled with
a contraction in its end markets.

"We could revise the outlook to stable if SRS is able to reduce
leverage and maintain it below 7x over the next 12 months at the
same time it sustains or improves its current interest coverage
levels," S&P said.


STARION ENERGY: Needs Time to Resolve Attorney General Claim
------------------------------------------------------------
Starion Energy, Inc. and its affiliates asked the U.S. Bankruptcy
Court for the District of Delaware to further extend the exclusive
periods for which they may file and solicit acceptances of a plan
of reorganization  through Dec. 11, 2019 and Feb. 12, 2020,
respectively.

The Debtors are seeking exclusivity extension out of an abundance
of caution to ensure that the exclusive periods do not lapse before
they complete the work necessary to submit a chapter 11 plan.

The extension, if granted, will allow the Debtors continued focus
on administering the filed claims against it -- which bar date was
set for May 13, 2019, attempt to reach a resolution with the
Attorney General's Office for the Commonwealth of Massachusetts --
the largest claimant in these Chapter 11 Cases -- to resolve its
claim, and develop a plan of reorganization which takes into
consideration the Abstention Order.

The Debtors have been working with AG, however, the Court's recent
bench ruling granting the AG's Motion for Abstention necessitates a
new path for the Debtors' requiring a re-evaluation of the plan of
reorganization. Before the end of June 2019, AG filed a Motion for
Abstention seeking the state courts of the Commonwealth of
Massachusetts to adjudicate Proof of Claim No. 224 and objections
thereto. The Court heard oral argument on the Motion for Abstention
on Aug. 12, at which time, the Court granted AG's Motion for
Abstention and directed the parties to submit a form of order under
certification of counsel in accordance with bench ruling. The
Debtor and the AG are in the process of negotiating a form of order
for the Court's consideration.

                     About Starion Energy

Founded in 2009, Starion Energy -- https://www.starionenergy.com/
-- is a competitive electric supplier that markets and sells
electricity to retail customers.  Starion participates in certain
"deregulated" markets -- markets in which the state has allowed
third-party energy providers to market and sell electricity supply
as an alternative to the electric supply procured and provided by
the customers' utility.  It has operations in Connecticut,
Delaware, District of Columbia, Illinois, Massachusetts, Maryland,
New Jersey, New York, Ohio, and Pennsylvania. Based in Middlebury,
Connecticut, Starion Energy is a member of the Retail Energy Supply
Association (RESA).

Starion Energy and its affiliates, Starion Energy PA, Inc., and
Starion Energy NY, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 18-12608) on Nov. 14,
2018.  At the time of the filing, Starion Energy disclosed
$26,888,675 in assets and $6,956,141 in liabilities.

The Hon. Mary F. Walrath is the case judge.

Gellert Scali Busenkell & Brown, LLC, is the Debtors' legal
counsel.  Donlin Recano is the claims agent.



STEVEN BRANSFIELD: U.S. Trustee Forms 4-Member Committee
--------------------------------------------------------
The U.S. Trustee for Region 21 on Sept. 26, 2019, appointed four
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case of Steven J. Bransfield Jr.

The committee members are:

     (1) Anna D. Kelley  
         118 W. Compress Road   
         Artesia, NM 88210  
         Tel: 575-305-3179  
         Fax: 575-746-4365     
         annakelley65@gmail.com   

     (2) Alvin Cohen  
         140 S.E. 5th Avenue  
         Boca Raton, FL 33432  
         Tel: 561-801-1747     
         cohe8494@bellsouth.net

     (3) Jane Tennis   
         543 Boulder River Dr.  
         O'Fallon, MO 63368  
         Tel: 314-651-4716     
         rxjane@msn.com   

     (4) Connie A. Rhea  
         824 Allen Road  
         Nashville, TN 37214  
         Tel: 615-598-7518     
         bcrhea@bellsouth.net
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                   About Steven J. Bransfield Jr.

Steven J. Bransfield Jr. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 19-21442) on Aug. 26,
2019.  Mr. Bransfield is represented by Aaron A. Wernick, Esq.


STONE OAK MEMORY: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Stone Oak Memory Care, LLC
           d/b/a Autumn Leaves of Stone Oak
        2300 North Field Street, Suite 2150
        Dallas, TX 75201

Business Description: Stone Oak Memory Care, LLC, owns and
operates
                      an adult memory care facility in Dallas,
                      Texas.

Chapter 11 Petition Date: September 30, 2019

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Case No.: 19-52375

Judge: Hon. Ronald B. King

Debtor's Counsel: Raymond W. Battaglia, Esq.
                  LAW OFFICES OF RAY BATTAGLIA, PLLC
                  66 Granburg Circle
                  San Antonio, TX 78218
                  Tel: 210.601.9405
                  E-mail: rbattaglialaw@outlook.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Darryl Freling, Pres. of MedProperties
Stone Oak Mgr, LL.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 20 largest unsecured creditors is available
for free at:

          http://bankrupt.com/misc/txwb19-52375.pdf


STONEMOR PARTNERS: S&P Rates $385MM PIK Notes 'CCC+'
----------------------------------------------------
S&P Global Ratings assigned its 'CCC+' issue-level rating on
StoneMor Partners L.P.'s $385 million senior secured
payment-in-kind (PIK) toggle notes. The recovery rating is '3',
indicating S&P's expectation for meaningful (50%-70%; rounded
estimate: 65%) recovery in the event of a payment default.

The company has already used the proceeds from PIK notes to
refinance its old revolver and bonds. The company has no other
funded indebtedness other than these notes.

The 'CCC+' issuer credit rating and the negative outlook remain
unchanged. S&P sees significant execution risk as the management
team implements its turnaround plan, particularly stabilizing
topline revenue. Nonetheless, S&P still projects continued cash
flow deficits.

Issue Ratings – Recovery Analysis

Key analytical factors

-- StoneMor's capital structure consists of a $385 million senior
secured PIK toggle note.

-- S&P used discrete asset valuation for StoneMor because it
believes it best reflects the value of the company's assets and
resulting recovery prospects for lenders. The discrete asset
valuation approach takes into account the value of the merchandise
trust assets, the cemetery and funeral home properties, and the
equipment assets.

-- The recovery rating on the senior PIK notes is '3', indicating
expectations for meaningful (50%-70%; rounded estimate: 65%)
recovery in a default.

Simulated default assumptions

-- S&P's simulated default scenario contemplates a default
occurring in 2021 due to a covenant breach.

Simplified waterfall

-- Net enterprise value (after 5% administrative costs): $307
million

-- Obligor/non-obligor split: 100/0

-- Senior PIK notes claims at default: $441 million

-- Value available for PIK notes holder: $307 million

-- Recovery expectations: 50%-70%; rounded estimate: 65%


STONEPEAK LONESTAR: S&P Assigns 'BB-' ICR; Outlook Stable
---------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issuer credit rating to
Stonepeak Lonestar Holdings LLC.

S&P also assigned its 'BB+' issue-level and '1' recovery ratings to
the $800 million term loan B due 2026 proposed by the company to
refinance its capital structure.

Lonestar's credit quality is underpinned by its contract profiles.
The company generates revenue through long-term, fee-based
contracts, with no direct commodity price exposure. Because its
assets are new -- all three began operations in 2019 -- its average
contract length is quite long, over 10 years across all three
assets. S&P expects both Gulf Coast Express and Frac Train 6, which
together represent a majority of Lonestar's forecasted 2020 EBITDA,
to operate at a 100% utilization rate over its forecast horizon,
bolstering its confidence in the predictability of the company's
cash flows. While the company does face volumetric risk,
particularly on its Grand Prix pipeline, it has no direct exposure
to natural gas and natural gas liquid prices, further supporting
credit quality. S&P also has a generally favorable view of
Lonestar's counterparty credit quality, particularly at Gulf Coast
Express, which will carry volumes from multiple investment-grade
counterparties. Lonestar's most significant counterparty is Targa
Resources (BB/Positive/--), which is rated one notch higher than
Lonestar.

The stable outlook on Lonestar reflects S&P's expectation for
consistent cash flow generation and debt repayment through
automatic cash flow sweep provisions, such that adjusted debt to
EBITDA declines from about 5.5x in 2020 to about 4.6x in 2021.

"We would consider a lower rating if Lonestar swept less debt than
expected, such that we believed debt would remain above 5.5x after
2020. The most likely cause for this would be lower-than-expected
dedicated and third-party volumes at Grand Prix," S&P said.

"While unlikely at this time, we would consider a higher rating if
we felt that Lonestar was likely to achieve adjusted debt to EBITDA
below 4x while maintaining its existing scope and scale of
operations," S&P said.


TAILORED BRANDS: S&P Lowers ICR to 'B' on Weak Performance
----------------------------------------------------------
S&P Global Ratings lowered the issuer credit rating on U.S.-based
specialty apparel retailer Tailored Brands Inc. to 'B' from 'B+',
reflecting its view of the company's weakened competitive position
and profit deterioration in the challenging specialty apparel
retail space.

At the same time, S&P lowered the issue-level rating on the
company's term loan B to 'B+' from 'BB-' and on the senior
unsecured notes to 'CCC+' from 'B-'. The recovery ratings on the
debt instruments are unchanged.

The downgrade reflects Tailored's lower topline sales and
profitability in the first half of 2019. S&P expects consolidated
operating profit will remain under pressure over the next 12
months, resulting in weaker credit metrics even with the potential
for future debt paydown.

The negative outlook reflects S&P's expectation that operating
performance will continue to be pressured by negative consolidated
same-store sales and margin decline during the remainder of 2019,
given the ongoing industry trend of casualization of menswear and
uncertainty around the timing and effectiveness of the company's
transformative initiatives. S&P also expects weakened credit
metrics, including debt to EBITDA of 3.8x, from 3.4x a year ago, as
EBITDA declines more than offset the benefit of continued debt
reduction.

"We could lower the rating if business performance did not
stabilize, resulting in a deteriorating view of the business in
combination with an expectation of leverage sustained above 4x. For
instance, if sales and profitability continue to decline,
indicating eroding market share because of increased competition or
inability to execute key initiatives, such as personalization and
an enhanced omnichannel experience, we could lower the rating
because we could view the company's competitive standing less
favorably," S&P said.

"We could revise the outlook to stable if operating performance
improved and we expected adjusted debt to EBITDA to be sustained
below 4x, as the company continues to repay a portion of its
outstanding debt with its FOCF generation," the rating agency said.


TATUNG COMPANY: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Tatung Company of America, Inc.
        2850 East El Presidio Street
        Long Beach, CA 90810

Business Description: Tatung Company of America, Inc. distributes
                      technology products for computers and
                      electronics original equipment
                      manufacturers.  The Company manufactures
                      personal computer monitors, home appliances,
                      point-of-sale equipment, air conditioners,
                      coolers, and purifiers.

Chapter 11 Petition Date: September 30, 2019

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Case No.: 19-21521

Judge: Hon. Neil W. Bason

Debtor's Counsel: Ron Bender, Esq.
                  LEVENE, NEALE, BENDER, YOO & BRILL L.L.P
                  10250 Constellation Blvd Ste 1700
                  Los Angeles, CA 90067
                  Tel: 310-229-1234
                  Email: rb@lnbyb.com

                   - and -

                 Juliet Y. Oh, Esq.
                 LEVENE, NEALE, BENDER, YOO & BRILL L.L.P
                 10250 Constellation Blvd Ste 1700
                 Los Angeles, CA 90067
                 Tel: 310-229-1234
                 E-mail: jyo@lnbrb.com

                   - and -

                 Lindsey L. Smith, Esq.
                 LEVENE, NEALE, BENDER, YOO & BRILL L.L.P
                 10250 Constellation Blvd Ste 1700
                 Los Angeles, CA 90067
                 Tel: 310-229-1234
                 Fax: 310-229-1244
                 E-mail: lls@lnbyb.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Jason Chen, chief restructuring
officer.

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

            http://bankrupt.com/misc/cacb19-21521.pdf

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Hemlock SemiConductor Operations                    $35,000,000
12334 Geddes Road
Attn: CFO
Hemlock, MI 48626
Richard C. Sanders
Tel: 313-496-7676
Email: sanders@millercanfield.com

2. Acrox Technologies Co., Ltd        Trade Debt          $710,368
4F., No.89 Minshan
St., Neihu Dist.,
Taipei City 114
Taiwan
Tina Tsai
Email: tinatsai@acrox.com.tw

3. Fabrique, Ltd.                     Trade Debt          $179,390
28 School Street
Branford, CT 06405
Jessica Cheng
Tel: 203.481.5400
Email: CHProjects@fabriqueusa.com

4. Shenzhen KTC Commercial            Trade Debt          $169,164
Display Technology Co. Ltd.
Northern Wuhe
Road, Banxuegang Industry,
Buji, Shenzhen, 518129
China
Arya Li
Tel: +86-186 82129197
Email: lihq@ktc.cn

5. Lite-On Technology Corporation     Trade Debt          $118,769
392, Ruey Kuang Road
Neihu, Taipei, 144
Taiwan R.O.C.
Sarah Li
Tel: 86-769-86638923-8349
Email: SarahYX.Li@liteon.com

6. Shanghai Korrun Bags &             Trade Debt           $89,890
Luggage Products
5F, No.14 Caohejing
High-tech Park
No. 518 Xinzhuan
Rd., Shanghai,
Songjiang 201612
China
Gina Chen
Tel: 021-51085699*1621
Email: ginachen@korrun.com

7. Emerson Climate Technologies       Trade Debt           $68,431
(Suzhou) Co. Ltd.
No.69 Suhong West Raod,
Suzhou Indl. Park,
Jiangsu, 215021
China
Julie Wu
Tel: +886 2 81953861
Email: Julie.Wu@Emerson.com

8. 3M Touch Systems                   Trade Debt           $59,500
P.O. Box 846372
Dallas, TX
75284-6372
Florence Cummings
Tel: 978-659-9162
Email: fcummings@mmm.com

9. Primax Electronics Ltd.            Trade Debt           $49,823
669, Ruey Kuang
Road, Neihu, 114,
Taipei
Taiwan R.O.C.
Yoyo Wang
Tel: +86-23-85368888 Ext: 2168
Email: Yoyo.Wang@primax.com.cn

10. Fefan Technology Co., Ltd.        Trade Debt           $35,890
4F-1, No.57 37th Rd,
Taichung Industrial
Park, Xitun District
Taichung City 407
Taiwan
Jacky
Tel: 04-23582920
Email: fefanjacky@gmail.com

11. Emerson Electric                  Trade Debt           $19,604
(Thailand) Ltd.
24 Moo 4. Tambol
Pluakdaeng
Amphur
Plaukdaeng,
Rayong 21140
Thailand
Julie Wu
Tel: +886 2 81953861
Email: Julie.Wu@Emerson.com

12. Paige Electric Company LP         Trade Debt           $17,408
P.O. Box 821336
Philadelphia, PA
19182-1336
Jim Coffey
Tel: +1(904) 543-1223*222
Email: jcoffey@paigeelectric.com

13. Cresyn Co., Ltd.                  Trade Debt           $14,787
8-11 Jam
Won-Dong, Seecho-Gu,
Seoul, Republic of
Korea #137-902
South Korea
Dawson Kim
Tel: 82-2-2041-2695
Email: dongseung@cresyn.com

14. Shenzhen KTC Tech                                      $14,256
Northern Wuhe Road
Bangxuegang
Industry Area,
Shenzhen, China

15. E-Century Technical &             Trade Debt           $11,790
Industrial Corp.
No. 50, JianSan Rd.
Jhonghe City
Taipei Country
ROC
Vicky Wang
Tel: 886-2-2298-4758 ext. 127
Email: vicky.wang@ecentury.com.tw

16. GGEC Hong Kong Limited            Trade Debt           $11,638
Unit# 7-12, 6/F,
Sterling Centre,
11 Cheung Yue
Street, Cheung Sha Wan
Kowloon 0000
Hong Kong
Gary Chui
2586-1700
Email: gary@ggechk.com.hk

17. Able Industrial                                         $6,379
2006 South Baker Avenue
Ontario, CA 91761

18. Suzhou Blue Bridge                                      $6,355
Electronic Co. Ltd
Room 322
Building No 1,
NO 5001
Baodai West Rd,
Mudu 1

19. Belden Inc.                                             $6,233
28884 Netork Place
Chicago, IL
60673-1288

20. The Outdoor Recreation                                  $5,870
Group, LLC
dba Agile Brands
3450 Mount Vernon Drive
Los Angeles, CA 90008


TEJANO CENTER: S&P Alters Outlook to Neg., Affirms 'B' Bond Rating
------------------------------------------------------------------
S&P Global Ratings revised its outlook to negative from stable and
affirmed its 'B' long-term rating on Clifton Higher Education
Finance Corp., Texas' approximately $22.8 million series 2009A
charter school education revenue bonds issued for Tejano Center for
Community Concerns Inc. (TCCC) on behalf of the Raul Yzaguirre
School for Success Project (RYSS).

"The negative outlook captures risks associated with the school
receiving a failing grade for its authorizer's Financial Integrity
Rating System of Texas [FIRST] in 2018 and 2017 based on weak
financial results," said S&P Global Ratings credit analyst Shivani
Singh. Under the Texas Education Code (TEA) code, a failing grade
in any three of the five preceding school years could warrant a
charter non-renewal or revocation. The school received a passing
grade for the preliminary 2019 FIRST rating based on materially
improved fiscal 2018 financials, thereby avoiding an immediate risk
of non-renewal or revocation of its charter. In S&P's view, there
may be continued risks if the school receives a failing grade on
any future FIRST scores within the past five-year period. S&P will
monitor this closely and take appropriate rating action as deemed
appropriate.


TELESAT CANADA: S&P Rates US$500MM Senior Unsecured Notes 'B'
-------------------------------------------------------------
S&P Global Ratings assigned its 'B' issue-level rating (two notches
below the 'BB-' issuer credit rating) and '6' recovery rating to
Telesat Canada's proposed issuance of US$500 million senior
unsecured notes due 2027. The '6' recovery rating indicates S&P's
expectation of negligible (0%-10%; rounded estimate: 0%) recovery
in default. Telesat intends to use the proceeds to repay its 8.875%
US$500 million unsecured notes due 2024, which will become callable
in November 2019.

The 'BB-' rating is supported by Telesat's good cash flow
visibility that, in turn, is supported by the company's long-term
contracts and revenue backlog of C$3.5 billion (3.9x based on last
12 months second-quarter 2019 revenues). Management's conservative
capital deployment policy also supports the rating. In S&P's view,
Telesat's measured strategy will continue to protect the company
from significant cash flow declines and weakening credit metrics.
Before executing on a new satellite build, management attempts to
assign most of the new-build satellite capacity to long-term
contracts through the satellite's end of life, thus reducing cash
flow risk. Commitments are either for the satellite's full capacity
or the majority of capacity with an anchor tenant. As of June 30,
2019, capacity utilization is at about 85% of Telesat's global
fleet. Because of its conservative policy, the company's credit
measures have remained stable at about 5x S&P Global Ratings'
adjusted debt-to-EBITDA, despite weakened satellite bandwidth
pricing from greater supply. S&P's rating also reflects an
expectation that management will continue to pursue a wholesale
model, which builds a multiyear revenue backlog generating
high-single-digit percentage risk-adjusted returns.

The company is exploring the economics and potential of building a
low-earth-orbit (LEO) satellite constellation and is expected to
announce its decision by year-end 2019. In July 2019, the
Government of Canada partnered with Telesat to offer universal
broadband, including providing the company with a C$685 million
contribution over 10 years. S&P still expects cash calls to be
significant if Telesat proceeds with the LEO strategy. However, the
rating agency expects the company to seek strategic and financial
partners in such a venture, which might mitigate some of the
execution and financing risks associated with this growth
opportunity.


THIRD COAST: S&P Affirms 'B' Long-Term Issuer Credit Rating
-----------------------------------------------------------
S&P Global Ratings affirmed its 'B' long-term issuer credit rating
(ICR) on Third Coast Midstream LLC (formerly known as American
Midstream Partners L.P.).

Third Coast generates most of its revenue (90%) from fee-based
contracts with no direct commodity exposure. However, the company's
contracts are largely structured as life-of-lease acreage
dedications, with, at most, 20%-25% of volumes coming from
take-or-pay and Federal Energy Regulatory Commission-regulated
contracts. S&P generally view take-or-pay and cost-of-service
contracts more favorably, as they provide a revenue floor when
commodity prices are depressed. The dependence on acreage
dedications exposes Third Coast to fluctuating volumes and the
drilling activity of its producer customers under various commodity
prices. The above-average contract tenor, with an average remaining
life of more than 10 years, somewhat offsets this. The company also
benefits from a diversified customer base, with a large percentage
of revenues coming from investment-grade counterparties. Third
Coast's largest segment is Offshore, which includes assets in the
Gulf Coast and Gulf of Mexico region. S&P estimates that more than
60% of revenue is sourced from these areas, weakening its diversity
assessment. S&P also generally considers offshore activities as
higher risk relative to onshore, given their specialized nature and
unique challenges.

The stable outlook reflects Third Coast's improved liquidity
profile given the extension of its revolving credit facility until
December 2020, as well as S&P's view that the company will maintain
debt-to-EBITDA below 6.0x in 2020 and beyond. S&P expects that the
company will use any asset sale proceeds, as well as excess cash
flow from operations to reduce the revolver balance. Finally, the
rating agency expects that the company will maintain sufficient
liquidity to fund its operations, capital expenditures, and debt
service; and comply with its financial covenants.

"We could lower the ratings if debt-to-EBITDA is above 6x in 2020,
with no immediate plans to bring it down, or if we believe the
capital structure has become unsustainable and the company has
become reliant on favorable market conditions to meet its
obligations," S&P said. This could occur if volumes flowing on its
different systems are lower than expected, resulting in weaker cash
flows, according to the rating agency.

S&P said it could also lower the ratings if it sees material
deterioration in the company's liquidity position. Finally, the
rating agency could take a negative rating action if proceeds from
asset sales or any excess cash flow are not used to reduce debt, or
if the company relies on debt to fund capital spending or growth
opportunities.

"Although unlikely during our outlook period, we could consider a
positive rating action if we see a considerable increase in the
size and scale of the company's operations while it maintains a
conservative financial policy and debt-to-EBITDA below 4.5x on a
consistent basis," S&P said. This could be achieved through
geographic diversification, or increased throughput volumes on the
system as a result of new contracts or expansion projects, and
minimal reliance on debt, according to the rating agency.


TNT UNDERGROUND: Seeks to Hire Crosby Accounting
------------------------------------------------
TNT Underground Utilities Inc. seeks approval from the U.S.
Bankruptcy Court for the Southern District of Mississippi to hire
Crosby Accounting Services as its accountant.

TNT requires Crosby to:

     a. advise and consult with the Debtor regarding questions and
information arising from various interests which the Debtor may
have;

     b. evaluate and prepare all forms and reports pursuant to all
regulations of the Internal Revenue Service and the State of
Mississippi;

     c. perform such other accounting services on behalf of the
Debtor if necessary.

Crosby will charge $35 per hour for bookkeeping and $75 per hour
for the preparation of tax returns or other tax matters.

Barbara Crosby Givens disclosed in a court filing that her firm is
"disinterested" as defined in section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Barbara Crosby Givens
     Crosby Accounting Service
     120 W Gallatin St
     Hazlehurst, MS 39083
     Phone: +1 601-894-0013

                         About TNT Underground Utilities

TNT Underground Utilities, Inc., a power line and
telecommunications infrastructure construction contractor, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Miss. Case No. 19-02966) on Aug. 19, 2019.  At the time of the
filing, the Debtor estimated assets of between $500,000 and $1
million and liabilities of between $1 million and $10 million.  The
case is assigned to Judge Neil P. Olack.  Eileen Shaffer, Esq., an
attorney based in Jackson, Miss., is serving as counsel to the
Debtor.


TOPAZ SOLAR FARMS: S&P Affirms 'CCC+' ICR
-----------------------------------------
S&P Global Ratings said the ratings on Topaz Solar Farms LLC
(Topaz) are expected to remain in the 'CCC' category while Pacific
Gas & Electric Co.'s bankruptcy case progresses given its reliance
on PG&E for its revenues.

S&P removed the rating on Topaz Solar Farms LLC from Credit Watch
with negative implications, affirmed its 'CCC+' rating, and has
assigned a developing outlook to the project's debt.

Topaz Solar Farms LLC is a 550-megawatt (MW) photovoltaic solar
power project in San Luis Obispo County, Calif., that completed
final construction on Feb. 28, 2015. The total construction cost
was about $2.4 billion. The project's parent is BHE Renewables LLC
(BHER). Topaz has a 25-year PPSA with utility offtaker PG&E. S&P's
'CCC+' rating on the project's debt is constrained by its rating on
PG&E.

After removing the rating from CreditWatch, S&P has affirmed its
'CCC+' rating on Topaz's notes. S&P's 'CCC+' rating reflects that
it views Topaz's notes to be vulnerable to default. However, the
rating agency does not see a clear path to a default in the next 12
months. The rating balances the lack of credit quality of PG&E and
the risk of contract rejection, which now seems less likely, with
timely ongoing monthly power payments received by the project. S&P
doesn't currently expect Topaz to default, and it believes
creditors will waive their remedies so long as utility payments to
Topaz continue. However, S&P thinks that the issuer still remains
vulnerable and dependent on favorable developments during PG&E's
bankruptcy proceedings. S&P's recovery rating on Topaz's bonds
remains '1', indicating its anticipation of very high (90%-100%;
rounded estimate: 95%) recovery of principal in a payment default.

S&P's developing outlook reflects that it may upgrade or downgrade
the rating, depending on future developments. S&P is likely to
raise its rating on Topaz if the company's PPSA terms are unchanged
and PG&E emerges from bankruptcy with a rating above 'CCC+'. S&P
sees this as the most likely rating path for the project. Although
there is no guarantee the company's plan will be implemented as
filed, the apparent intent of the company to keep its current
contracts bodes well for existing suppliers and, in S&P's view,
increases the prospects for the project's contract surviving the
process.

"The developing outlook also reflects, however, that should the
plan be modified or replaced and it becomes clear that a rejection
or renegotiation of the contract is likely, we could lower the
ratings within the 'CCC' or 'CC' categories.  Moreover, if lenders
exercise their rights under the project documents relating to
events of default, including termination and acceleration of
project debt, we could also lower the rating," S&P said.


TPRO ACQUISITION: Moody's Assigns B3 CFR, Outlook Stable
--------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating and
B3-PD Probability of Default Rating to TPro Acquisition
Corporation. Concurrently, Moody's assigned a B3 rating to the
company's proposed $300 million senior secured notes. The outlook
is stable. This is the first time Moody's has rated TruckPro.

Proceeds from the new notes will augment new equity from Platinum
Equity Capital Partners in support of their acquisition of the
company, as well as cover transaction fees and expenses. As part of
the financing, the company is expected to secure a $75 million
five-year asset-based loan facility.

"TruckPro's exposure to demand for aftermarket parts for heavy duty
commercial trucks is the principle rating driver. Modest
macroeconomic growth indicators in the US, combined with relatively
low operating margins at the company mean that earnings growth will
rely largely on planned cost savings in the coming years," said
Moody's lead analyst Andrew MacDonald. "Nonetheless, the company
has a good scale within its niche market segment that should allow
the business to gain share both organically and from
acquisitions."

Assignments:

Issuer: TPro Acquisition Corporation

Corporate Family Rating, Assigned B3

Probability of Default Rating, Assigned B3-PD

Senior Secured Regular Bond/Debenture, Assigned B3 (LGD4)

Outlook Actions:

Issuer: TPro Acquisition Corporation

Outlook, Assigned Stable

RATINGS RATIONALE

TruckPro's B3 CFR is broadly constrained by the company's high
financial leverage of 5.8x (Moody's adjusted debt-to-EBITDA) pro
forma for the transaction, EBITA margins in the mid-single digits,
supplier concentration, and an acquisitive growth strategy.
Financial policies are expected to be aggressive under new private
equity ownership and the company's history of financing
acquisitions using debt. The rating is supported by TruckPro's
meaningful size and scale in the highly fragmented niche
aftermarket truck and trailer parts market. The company has a good
geographic footprint in North America and leverages its size to
provide a broad offering of products to customers at competitive
prices. Moody's expects the company's credit metrics will gradually
improve with leverage approaching 5.5x by 2020 as the company is
able to grow revenue and realize planned cost savings initiatives
over time.

Moody's expects TruckPro to maintain an adequate liquidity profile,
characterized by minimal cash balances and expectations for thin
free cash flow generation that will be subject to volatility in
working capital requirements. As such, the company will likely need
to take drawings on its new $75 million ABL revolver to fund cash
shortfalls from time to time. Free cash flow is expected to be
limited to $5 million in 2020, but should improve thereafter as the
company realizes planned cost savings.

The stable rating outlook reflects Moody's expectations for modest
revenue growth and gradual improvement in operating margins over
the next 24 months as management implements cost savings
initiatives. The ratings outlook also reflects Moody's expectation
that the company will only make modest and occasional use of its
ABL facility over that time.

The ratings could be upgraded if the company is able to sustain
debt-to-EBITDA below 5.5x, generated retained cash flow-to-debt
above 10%, and improve its size and scale while maintaining EBITA
margins at over 7%. The company would also need to improve its
liquidity profile, including sustained positive free cash flow, for
consideration of an upgrade.

A downgrade could occur if the company experiences persistent
negative free cash flow, a heavy reliance on revolver borrowings,
or declining revenue and margins. Debt-to-EBITDA sustained above
7.0x or retained cash flow-to-debt below 4% could also warrant a
downgrade.

The principal methodology used in these ratings was Distribution &
Supply Chain Services Industry published in June 2018.

TPro Acquisition Corporation is a wholesale and retail distributor
of branded and private label aftermarket heavy-duty truck and
trailer parts and accessories through its 157 retail and wholesale
locations in the US and Canada. The company also provides repair
services and remanufactured products at select locations. Revenue
for the twelve months ended 30 June 2019 was $629 million.
Following the proposed transaction, the company will be owned by
Platinum Equity Capital Partners.


TRANSALTA CORP: Fitch Cuts IDR to BB & Alters Outlook to Stable
---------------------------------------------------------------
Fitch Rating downgraded TransAlta Corporation's IDR to 'BB+' from
'BBB-' and the senior unsecured debt to 'BB+' from 'BBB-.' The
Rating Outlook is revised to Stable from Negative.

A key driver for the downgrade is the increased business risk
associated with owning a generation fleet with a decreasing level
of contracted cash flows coupled with the cancellation of the
planned capacity market in Alberta. Fitch believes TransAlta's cash
flow and earnings volatility increases as its contracted cash flows
drop to around 50%, down from 80% in 2017, when the hydro and coal
power purchase agreements (PPA) in Alberta expire in 2020-2021.
With the United Conservative Party's (UCP) cancellation of a
capacity market in Alberta that was to be implemented in 2022,
Transalta's generation fleet will be subject to market price and
volume volatility.

The action also reflects management's strategy to boost shareholder
returns through shareholder buybacks and focus on dividends, which,
Fitch believes, delays the execution of the company's debt
reduction plan. The change in strategy was facilitated by a $750
million investment from Brookfield Renewable Partners (BRP). BRP's
investment comes in the form of convertible debentures and
preferred shares, instruments that Fitch considers as a shareholder
loan, increasing gross adjusted debt/EBITDA (proportionately
consolidating TransAlta Renewables [RNW]) to over 4.3x in the near
term from Fitch's expectation of 3.0x in 2019.

KEY RATING DRIVERS

Long-Term Merchant Risk Exposure: The primary concern for TransAlta
is its exposure to power price volatility for its generation fleet.
Fitch estimates that about 50% of EBITDA will come from
uncontracted sources as the remaining Alberta coal and hydro PPAs
terminate in 2020 and 2021, respectively. Contracted cash flow was
82% in 2017. With the UCP's cancellation of a capacity market in
Alberta that was to be implemented in 2022, Transalta's generation
fleet is subject to market price volatility in the Alberta
energy-only market. The mothballing of its coal-fired generation
assets and an uptick in the oil and gas dominated local economy has
contributed to improved market power pricing in 2018-2019, but
forward power forecasts point to weakness in 2020-2021 driven by
new generation capacity, demonstrating the exposure to increasing
amount of cash flow and earnings volatility.

Market Construct in Alberta: Under the existing energy only
construct, Fitch believes TransAlta's earnings profile and business
risk faces uncertainty as its exposure to the merchant market
grows. While the market is exhibiting a favorable demand-supply
dynamic after depressed pricing from 2014-2017, the Alberta market
lacks the additional revenue support and forward commitments that
capacity markets provide in other markets, such as PJM
Interconnection and New England.

Power market pricing fluctuates in response to changes in supply,
demand and company strategy and TransAlta's 12-18 month hedging
program provides minimal protection against cash flow volatility
and commodity price risk. As coal-fired plants are retired by 2030,
hastened by the federal tax on carbon coal-fired generation, the
expansion of carbon free generation in Alberta could improve TAC's
long-term earnings. Fitch would expect TransAlta's portfolio of
renewable capacity, especially the nearly 1 GW of hydro capacity,
to be favorably positioned in the dispatch curve.

Parent-Level Deleveraging: Fitch expects TransAlta's gross adjusted
debt/EBITDA to increase to over 4.0x in 2019-2020. Fitch partially
deconsolidates its 61%-owned subsidiary RNW project-level debt
given RNW's separate credit facility and access to the equity
market (issued C$150 million in May 2018). While management is
committed to a debt reduction program, Fitch believes management
has shifted strategy to boost shareholder returns using the
proceeds from the BRP loan to fund a C$250 million stock repurchase
program and a revised dividend policy, the first change since the
dividend reduction in 2016.

BRP's loan comes in the form of convertible debentures and
preferred shares, instruments that Fitch considers shareholder
loans as a majority stockowner with two Board seats, slowing
deleveraging in the near term. Debt reduction of about C$1.6
billion through 2018 was funded from free cash-flow (FCF), coal PPA
termination payments, off-coal payment monetization, and proceeds
from equity funded drop downs to RNW. With debt reduction of C$600
million through 2020, funded partially from the proceeds of the BRP
preferred shares, Fitch expects gross adjusted debt/EBITDA to
decline to around 3.6x-3.8x by 2021.

Environmental Regulations Drive Elevated Capital Plans: Federal
environmental regulations regarding the carbon tax, closure of all
coal-fired plants by 2030 and the extended useful life (by 15
years) for converted coal to gas units appear supportive of
TransAlta's capital investment strategy. TransAlta's coal-to-gas
conversion for three generation units costing C$100-200 million in
2020-2021, presents modest financial and technological risk. The
plants are currently co-firing natural gas from TransAlta's
recently completed Tidewater gas pipelines (50% owner), lowering
operating costs. It has 393MW of wind projects and a battery
project in the U.S. and Canada under construction, costing about
40% of the five year C$2 billion plan, with peak spending in
2019-2020. In Fitch's opinion, the projects have low financial and
construction risk. Conversion of TAC's two coal-fired plants to
combined cycle gas fired facilities by 2023-2024, while beyond the
current scope of Fitch's rating, has a higher financial and
operational risk, operating in a competitive market.

Adequate Financial Flexibility: TransAlta has adequate liquidity,
in Fitch's view, to support some volatility in its operating cash
flows and meet upcoming debt maturities. TransAlta had access to
about C$860 million of liquidity at June 30, 2019, including cash
of C$208 million, and is expected to remain FCF positive through
2021. The reduction of parent level debt maturities in 2019-2020
and proceeds from the BRP loan provided some near term flexibility
to accelerate TransAlta's capital investment in the clean coal to
gas conversion strategy. Funding for development projects at RNW,
its growth vehicle, include project level debt and tax equity for
projects with long-term corporate PPAs, mitigating the investment
requirements at TransAlta.

DERIVATION SUMMARY

The risk profile of TransAlta is in line with peers The AES Corp
(AES; BB+/Stable) and Vistra Energy Corp (BB/Positive). TransAlta's
asset base is smaller and less diverse in terms of size, scale and
geographic and fuel diversity compared to Vistra, the largest
independent power producer in the U.S. with approximately 41 GW of
generation capacity and AES, which owns and operates 20 GW of
generation assets (AES' share) diversified globally. In comparison,
TransAlta has a more concentrated generating fleet, owning 8.3GW of
capacity located in Canada, the U.S. and Australia with the
majority of cash flow generated in Alberta.

Unlike its peers, TransAlta has a dominant position in its primary
market. While the level of contracted cash flow is declining in
2021 to 50%, TransAlta's low cost hydro assets are well positioned
in the market and provide ancillary services, mitigating market
price volatility. The dividend from RNW is generated from long-term
contracted asset. Vistra benefits from its ownership of large
retail electricity businesses, which are typically countercyclical
to wholesale generation given the length and stickiness of customer
contracts. Vistra has a dominant position in the mass retail market
in Texas, which has generated stable EBITDA over 2012-2018 despite
power price volatility. Favorably, about 25% of TransAlta's
generation is from renewable sources, in line with AES at 29% while
Vistra doesn't have significant renewable generation.

Fitch expects TransAlta will achieve gross adjusted debt/EBITDA of
less than 4.0x by 2021, above Vistra's gross debt/EBITDA projected
at 2.7x by 2021, and lower than AES's recourse debt/APOCF (adjusted
parent-only cash flow) projected at 4x by 2019.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case for the Issuer

  - Operate under Alberta PPAs for coal and hydro expiring in
    2020 and 2021 under current market conditions;

  - Power prices in Alberta of approximately C$55 /MWh in 2019
    and escalating thereafter (Fitch uses Wood Mackenzie as
    its third-party consultant);

  - Capital spending ranging from C$75 -- 250 million from
    2019-2022 for gas conversion projects and C$275 -- 375
    million from 2019-2020 for the RNW projects;

  - Stable ownership level (61%) of RNW;

  - RNW project-level debt for construction funding of U.S.
    wind projects, either through project debt or tax equity;

  - Debt issuance limited to refinancing, no equity issuance
    over the rating horizon with the exception of DRIP at RNW
    in 2019.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead to
Positive Rating Action

  -- Although not expected over the rating horizon, ratings
     could be upgraded if gross adjusted debt/EBITDA declined
     to 3.0x or less, on a sustainable basis.

  -- Another factor potentially leading to a positive rating
     action is that Fitch believes that cash flow stability
     materially increases for a sustained period, either
     through changes in the market construct or other market
     factors stemming from TransAlta's market position.

Developments That May, Individually or Collectively, Lead to
Negative Rating Action

  -- The ratings could be lowered if Fitch believes that gross
     adjusted debt/EBITDA will remain materially above 4.3x
     for a sustained period.

  -- Other factors potentially leading to a negative rating action
include less than 30% of EBITDA comes from long-term contracted
assets beyond 2020; and/or cash flow volatility increases due to
wholesale electricity price volatility.

LIQUIDITY AND DEBT STRUCTURE

Adequate Liquidity: TransAlta has adequate liquidity, in Fitch's
opinion, with modestly positive FCF generation over the rating
horizon, supplementing significant availability under committed
credit facilities. As of June 30, 2019, TransAlta had a $1.25
billion credit facility, of which C$654 million was available, and
C$208 million of cash. TransAlta's credit facilities were recently
amended and renewed until 2023. TransAlta and RNW have independent
financing facilities but TransAlta provides financial support to
RNW through currency hedges and PPAs with RNW's wind facilities in
Alberta.

TransAlta's next significant maturity is C$400 million due in 2020.
TAC is in compliance with the terms of the credit facilities.
Additionally, RNW has C$966 million project level debt with
limitations on distributions to TAC based on project specific
coverage tests. All of RNW's project have met their tests and will
not limit distributions.

SUMMARY OF FINANCIAL ADJUSTMENTS

Under Fitch's rating methodology for hybrid instruments,
TransAlta's C$942 million preferred shares are given 50% equity
credit. Under Fitch's corporate criteria, Fitch does not accord any
equity credit to the $350 exchangeable debentures and views the
instrument as a shareholder loan because Brookfield is a major
shareholder with Board representation. RNW is proportionately
consolidated (based on TransAlta's ownership share) into TransAlta.


TRANSOCEAN LTD: S&P Lowers ICR to 'CCC+' on Unsustainable Leverage
------------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on
Switzerland-based offshore drilling contractor Transocean Ltd. to
'CCC+' from 'B-' and lowered the issue-level ratings on its senior
secured debt to 'B' from 'B+', its unsecured debt with subsidiary
guarantees to 'B-' from 'B', and its senior unsecured debt without
subsidiary guarantees to 'CCC+' from 'B-'.

Weaker margins have resulted in high leverage, while capital
expenditures (capex) and debt maturities loom. The downgrade
reflects S&P's view that Transocean Ltd.'s operating margins have
weakened and will remain low for the next one to two years as
utilization and day rates for offshore drilling rigs remain
subdued. Although floater utilization has picked up from trough
levels in 2017, recent fixtures for floaters have been relatively
short term (less than 12 months) and day rates remain well below
historical levels, which – along with ongoing stacking,
maintenance, and reactivation/upgrade costs – are pressuring
margins for offshore drillers. As a result, and despite the
company's industry leading backlog of $11.4 billion, S&P's estimate
funds from operations (FFO) to debt will be essentially neutral and
debt to EBITDA in the 10x-15x range over the next two years. In
addition, unlike most of its peers, Transocean still has two new
builds under construction, with an estimated $1.4 billion in
payments remaining through 2021. Finally, the company has a heavy
debt amortization and maturity schedule, with $663 million due
through 2020, $691 million in 2021, and $680 million in 2022.

The negative outlook reflects Transocean's currently unsustainable
debt leverage and the potential for a downgrade if S&P no longer
expects margins to recover beginning in 2021. S&P estimates FFO to
debt will be in the 0%-5% range and debt to EBITDA between 10x and
15x through 2020, with modest improvement in 2021 as day rates
increase for the company's uncommitted fleet. The company also has
significant capex and a heavy debt amortization and maturity
schedule over the next two to three years.

"We could lower the rating if liquidity deteriorated, which would
most likely occur if the nascent recovery in the offshore drilling
sector stalled or reversed and Transocean was unable to recontract
rigs at favorable day rates. We could also lower the rating if the
company engaged in a debt exchange we viewed as distressed," S&P
said.

"We could raise the rating if we expect FFO to debt to approach 12%
and debt to EBITDA to approach 5x for a sustained period, which
would most likely occur if the company recontracted rigs at
favorable day rates as contracts rolled off, likely in conjunction
with a more robust industry recovery," S&P said.


TRIBUNE MEDIA: S&P Withdraws 'BB-' ICR on Acquisition by Nexstar
----------------------------------------------------------------
S&P Global Ratings withdrew all of its ratings on U.S. TV
broadcaster Tribune Media Co., including the 'BB-' issuer credit
rating.

The ratings withdrawal follows the completion of Nexstar Media
Group Inc's acquisition of Tribune, which resulted in the repayment
of all of Tribune's debt.



UBIOME INC: Hires Donlin Recano as Claims and Noticing Agent
------------------------------------------------------------
uBiome, Inc., seeks authority from the U.S. Bankruptcy Court for
the District of Delaware to employ Donlin Recano & Company, Inc.,
as claims and noticing agent to the Debtor.

uBiome, Inc., requires Donlin Recano to:

   a. prepare and serve required notices and documents in the
      bankruptcy case in accordance with the Bankruptcy Code and
      the Federal Rules of Bankruptcy Procedure in the form and
      manner directed by the Debtor and the Court, including (i)
      notice of the commencement of the case and the initial
      meeting of creditors under the Bankruptcy Code, (ii) notice
      of any claims bar date, (iii) notice of transfer of claims,
      (iv) notices of objections to claims and objections to
      transfers of claims, (v) notices of any hearings on a
      disclosure statement and confirmation of the Debtor's plan
      or plans of reorganization, including under Bankruptcy Rule
      3017(d), (vi) notice of the effective date of any plan and
      (vii) all other notices, orders, pleadings, publications
      and other documents as the Debtor or Court may deem
      necessary or appropriate for an orderly administration of
      the case;

   b. maintain copies of all proofs of claim filed in the Chapter
      11 case;

   c. maintain an official copy of the Debtor's schedules of
      assets and liabilities and statement of financial affairs,
      listing the Debtor's known creditors and the amounts owed
      thereto;

   d. maintain (i) a list of all potential creditors, equity
      holders and other parties-in-interest and (ii) a core
      mailing list consisting of all parties described in
      sections 2002(i), (j) and (k) and those parties that have
      filed a notice of appearance pursuant to Bankruptcy Rule
      9010; updated said lists and make said lists available upon
      request by a party-in-interest or the Clerk;

   e. furnish a notice to all potential creditors of the last
      date for the filing of proofs of claim and a form for the
      filing of a proof of claim, after such notice and form are
      approved by the bankruptcy Court, and notify said potential
      creditors of the existence, amount and classification of
      their respective claims as set forth in the Schedules,
      which may be effected by inclusion of such information on a
      customized proof of claim form provided to potential
      creditors;

   f. maintain a post office box or address for the purpose of
      receiving claims and returned mail, and process all mail
      received;

   g. for all notices, motions, orders or other pleadings or
      documents served, prepare and file or caused to be filed
      with the Clerk an affidavit or certificate of service
      within seven (7) business days of service which includes
      (i) either a copy of the notice served or the docket number
      and title of the pleading served, (ii) a list of persons to
      whom it was mailed, in alphabetical order, with their
      addresses, (iii) the manner of service ,and (iv) the date
      served;

   h. process all proofs of claim received, including those
      received by the Clerk's Office, and check said processing
      for accuracy, and maintain the original proofs of claim in
      a secure area;

   i. maintain an electronic platform for purposes of filing
      proofs of claim;

   j. maintain the official claims register for the Debtor on
      behalf of the Clerk; upon the Clerk's request, provide the
      Clerk with certified, duplicate unofficial Claims Register;
      and specify in the Claims Registers the following
      information for each claim docketed (i) the claim number
      assigned, (ii) the date received, (iii) the name and
      address of the claimant and agent, if applicable, who filed
      the claim, (iv) the amount asserted, (v) the asserted
      classifications of the claim, (vi) the applicable Debtor,
      and (vii) any disposition of the claim;

   k. provide public access to the Claims Register, including
      complete proofs of claim with attachments, if any, without
      charge;

   l. implement necessary security measures to ensure the
      completeness and integrity of the Claims Registers and the
      safekeeping of the original claims;

   m. record all transfers of claims and provide any notices of
      such transfers as required by Bankruptcy Rule 3001(e);

   n. relocate, by messenger or overnight delivery, all of the
      court-filed proofs of claim to the offices of the Firm, not
      less than weekly;

   o. upon completion of the docketing process for all claims
      received to date for each case, turn over to the Clerk
      copies of the claims register for the Clerk's review;

   p. monitor the Court's docket for all notices of appearance,
      address changes, and claims-related pleadings and orders
      filed and make necessary notations on and changes to the
      claims register;

   q. assist in the dissemination of information to the public
      and respond to requests for administrative information
      regarding the case as directed by the Debtor or the Court,
      including through the use of a case website and call
      center;

   q. if the case is converted to Chapter 7, contact the Clerk's
      Office within three (3) days of the notice to the Firm of
      entry of the order converting the case;

   r. if the Chapter 11 case is converted to Chapter 7, contact
      the Clerk within 3 days of the notice to the Firm of entry
      of the order converting the case;

   s. thirty (30) days prior to the close of the bankruptcy case,
      request the Debtor submits to the Court a proposed Order
      dismissing the Firm and terminating the services of such
      agent upon completion of its duties and responsibilities
      and upon the closing of the bankruptcy case;

   t. within seven (7) days of notice to the Firm of entry of an
      order closing the Chapter 11 case, provide to the
      bankruptcy Court the final version of the claims register
      as of the date immediately before the close of the case;
      and

   u. at the close of this Chapter 11 Case, (i) box and transport
      all original documents, in proper format, as provided by
      the Clerk's Office, to (A) the Philadelphia Federal Records
      Center, 14470 Townsend Road, Philadelphia, PA 19154 or (B)
      any other location requested by the Clerk, and (ii) docket
      a completed SF-135 Form indicating the accession and
      location numbers of the archived claims.

Donlin Recano will be paid at these hourly rates:

     Executive Staff                           No charge
     Senior Bankruptcy Consultant                 $160
     Case Manager                                 $125
     Technology/Programming Consultant            $100
     Consultant/Analyst                            $85
     Clerical                                      $45

Donlin Recano will be paid a retainer in the amount of $15,000.

Donlin Recano will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Nellwyn Voorhies, partner of Donlin Recano & Company, Inc., assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Donlin Recano can be reached at:

     Nellwyn Voorhies
     DONLIN RECANO & COMPANY, INC.
     6201 15th Avenue
     Brooklyn, NY 11219
     Toll Free Tel: (800) 591-8236

                       About uBiome, Inc.

uBiome, Inc. -- https://ubiome.com/ -- is a microbial genomics
company founded in 2012. uBiome combines its patented proprietary
precision sequencing with machine learning and artificial
intelligence to develop wellness products, clinical tests, and
therapeutic targets. uBiome has filed for over 250 patents on its
technology, which includes sample preparation, computational
analysis, molecular techniques, as well as diagnostic and
therapeutic applications. uBiome and its non-debtor foreign
affiliates currently employ approximately 100 individuals, of which
35 are located in the United States, 37 in Chile, and 28 in
Argentina.

On Sept. 4, 2019, uBiome, Inc., sought Chapter 11 protection
(Bankr. D. Del. Case No. 19-11938).  The Debtor was estimated to
have assets of $50 million to $100 million and liabilities of $10
million to $50 million as of the bankruptcy filing.

The Hon. Laurie Selber Silverstein is the case judge.

The Debtor tapped Young, Conaway, Stargat & Taylor, LLP as counsel;
Goldin Associates, LLC, as restructuring advisor; and GLC Advisors
& Co., LLC and GCLA Securities LLC as investment banker.  Donlin
Recano & Company, Inc., is the claims agent.


ULTRA PETROLEUM: S&P Cuts ICR to CCC- After Suspension of Drilling
------------------------------------------------------------------
S&P Global Ratings lowered the issuer credit rating on U.S.-based
oil and gas exploration and production (E&P) company Ultra
Petroleum Corp. to 'CCC-' from 'CCC+'.

S&P lowered the issue-level rating on the company's senior secured
term loan to 'CCC+' from 'B', with a '1' recovery rating,
indicating its expectation for very high (90%-100%; rounded
estimate: 95%) recovery in the event of a payment default.

S&P lowered the issue-level rating on the second-lien notes to
'CCC' from 'B'. It revised the recovery rating to '2', indicating
its expectation for substantial (70%-90%; rounded estimate: 85%)
recovery.

The downgrade follows Ultra's recent announcement that it is
suspending drilling in the Pinedale by the end of September in
response to unfavorable natural gas pricing. Additionally, the
company amended its credit facility again, which reduced revolver
commitments to $200 million (from $325 million) with a step-down to
$120 million by February 2020. The latest amendment also removed
all financial maintenance covenants and established maximum capital
expenditure thresholds including a $20 million annualized spend
beginning in 2020. In S&P's view, these developments have
heightened restructuring risk as the company continues to engage
debtholders across the capital structure. With production now set
to decrease at base decline rates, the company's debt burden
appears increasingly unsustainable with gross leverage projected at
above 6x over the next two years under S&P's commodity price
assumptions.

"The negative outlook reflects our belief that Ultra's capital
structure is unsustainable and the company may attempt additional
debt exchanges or repurchases over the next six months. We also
take into account market indicators such as the trading levels of
the company's securities, which indicate significant uncertainty
around the company's ability to avoid a comprehensive
restructuring," S&P said.

"We could lower the rating if we expect default to be a virtual
certainty, regardless of timing.  "We could raise the rating if we
no longer believe there is a high probability of a default,
distressed exchange, or other form of debt restructuring," S&P
said.


USA GYMNASTICS: Needs Time to Resolve Insurance Coverage, Mediation
-------------------------------------------------------------------
USA Gymnastics asked the U.S. Bankruptcy Court for the Southern
District of Indiana to further extend the exclusive filing period
to Dec. 3, and the exclusive solicitation period to Jan. 31, 2020.


The requested extension, if granted, will provide the Debtor with a
better opportunity to evelop and propose a confirmable plan of
reorganization with the consent of other parties in interest
because the resolution of the insurance coverage adversary
proceeding and the mediation will determine the amount of insurance
proceeds available for distribution to survivors.

The Debtor has in excess of 500 creditors, majority of which are
survivors of sexual abuse. In July, the Debtor commenced a
mediation with the Sexual Abuse Survivors Committee, the its
insurers, and other parties in interest to negotiate a consensual
plan of reorganization. That mediation is ongoing and the Debtor
does not expect that it will conclude before Oct. 4, 2019. It is,
therefore, not practicable for the Debtor to propose a plan before
the Exclusive Filing Period expires.

Since the Debtor last requested an extension of the Exclusivity
Periods, the Debtor has (i) attended multiple mediation sessions;
(ii) successfully argued that the District Court should not
withdraw the reference to the insurance coverage adversary
proceeding; (iii) prepared to argue its motion for partial summary
judgment against Liberty Insurance Underwriters, on the ground that
LIU has breached its duty to pay the Debtor's defense costs; (iv)
filed and briefed two motions for partial summary judgment against
TIG Insurance Company, requesting declarations that abuse and
molestation exclusions do not bar coverage for sexual abuse claims
against the Debtor and that lost policies provide coverage for the
Debtor; (v) filed and briefed a motion for partial summary judgment
against Ace American Insurance Company, on the ground that the
Debtor is entitled to coverage under each policy year for which it
has evidence of Ace insurance policies; (vi) responded to a renewed
request to withdraw the reference to the insurance coverage
adversary proceeding; (vii) objected to numerous emergency motions
filed by LIU, TIG, and Ace, which sought to delay the adjudication
of the above insurance coverage disputes; (viii) produced discovery
to the Sexual Abuse Survivors Committee in connection with the
mediation; and (ix) filed numerous objections to non-sexual abuse
claims.

In short, the Debtor has been busy pushing this case forward. The
Debtor will continue working with such dispatch if the Exclusivity
Periods are further extended. Accordingly, the Debtor asserts that
Exclusivity Periods should be extended so that it can continue to
efficiently administer this chapter 11 case and negotiate a
consensual plan.

                      About USA Gymnastics

USA Gymnastics -- https://www.usagym.org/ -- is a not-for-profit
organization incorporated in Texas. Based in Indianapolis, Indiana,
USAG's organization encompasses six disciplines: women's
gymnastics, men's gymnastics, trampoline and tumbling, rhythmic
gymnastics, acrobatic gymnastics, and group gymnastics.  USAG
provides educational opportunities for coaches and judges, as well
as gymnastics club owners and administrators, and sanctions
approximately 4,000 competitions and events throughout the United
States annually.  More than 200,000 athletes, professionals, and
clubs are members of USAG.  USAG sets the rules and policies that
govern the sport of gymnastics in the United States, including
selecting and training the United States gymnastics teams for the
Olympics and World Championships.  As of the Petition Date, USAG
employs 53 individuals, nearly all of whom work for USAG
full-time.

USA Gymnastics sought Chapter 11 protection (Bankr. S.D. Ind. Case
No. 18-09108) on Dec. 5, 2018.  USAG estimated $50 million to $100
million in assets and liabilities as of the bankruptcy filing. The
petition was signed by James Scott Shollenbarger, chief financial
officer.

The Hon. Robyn L. Moberly is the case judge.

USAG tapped Jenner & Block LLP as counsel; Hilder & Associates,
P.C., as ordinary course counsel; Alfers GC Consulting, LLC, and
Scramble Systems, LLC, as business consulting services providers;
and OMNI Management Group, Inc., as claims agent.



VARTEK LLC: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------
The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case of
Vartek, LLC, according to court dockets.
    
                        About Vartek L.L.C.

Vartek, L.L.C. -- https://vartekllc.com/ -- is a privately owned
manufacturer of flexible PVC hose and tubing.  It manufactures
reinforced hose and non-reinforced tubing products, and serves the
construction, industrial, irrigation, landscape, marine, medical,
pool, spa and waterscape markets.  Vartek maintains a warehouse in
Tampa, Fla., and a
warehouse in San Diego, Calif.

Vartek sought Chapter 11 protection (Bankr. M.D. Fla. Case No.
19-08083) on Aug. 26, 2019.  In the petition signed by William A.
Long Jr., chief restructuring officer, the Debtor estimated assets
at $1 million to $10 million and estimated liabilities of $10
million to $50 million.  Judge Catherine Peek McEwen oversees the
Debtor's case.  Stichter, Riedel, Blain & Postler, P.A., represents
the Debtor.


VELMO USA: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Velmo USA, LLC as of Sept. 25, 2019,
according to a court docket.
    
                        About Velmo USA

Velmo USA, LLC is a global sourcing ISO 9001:2008 certified company
serving a diverse range of industries including automotive,
construction, chemical & food industries and more.  It offers hot
forged ring, castings, CNC machine parts, screw machine parts,
steel tubes, sheet metal fabrications, metal stamping parts and
forgings.  

Velmo USA filed a petition under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Ky. Case No. 19-32515) on Aug. 6, 2019.  The petition
was signed by J. Bradley Law, president.  At the time of the
filing, the Debtor was estimated to have assets of between $1
million and $10 million and liabilities of the same range.  Judge
Alan C. Stout oversees the case.  Kaplan Johnson Abate & Bird LLP
is the Debtor's legal counsel.


VENATOR MATERIALS: S&P Alters Outlook to Neg., Affirms 'B+' ICR
---------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' issuer credit rating on
Venator Materials PLC, its 'BB' issue rating on the company's
senior secured debt, and 'BB-' issue rating on its unsecured debt.
The '1' and '2' recovery ratings, respectively, remain unchanged.

The rating agency revised the outlook to negative from stable.

S&P's revision of the outlook to negative from stable reflects its
expectation that there is an at least one-in-three probability that
a challenging operating environment, combined with high capital
spending, will weaken Venator Materials PLC's credit metrics from
current levels. The rating agency's expectation is that at the
current rating, on a weighted average basis, the ratio of funds
from operations (FFO) to total debt will remain at 12% or above.
However, the company has little cushion under those credit metrics
at the current rating, and current credit quality is vulnerable to
even modest downturns in earnings and free cash flow. The negative
outlook also reflects the potential for liquidity to tighten more
than S&P anticipates in its base case, under which it anticipates
that sources of funds will be at least 1.2x relative to uses.

The negative outlook considers the potential for credit quality to
weaken over the next 12 months. S&P believes several factors,
including a weaker global economy at a time of rising capital
spending related to the Pori plant, could potentially weaken
earnings and free cash flow. Specifically, S&P's expectation at the
current rating is that, on a weighted average basis, the
FFO-to-total-debt ratio will be at 12% or above. Because the
company has little cushion under those credit metrics, even modest
earnings downturns could hurt credit quality. S&P's outlook also
considers the potential for liquidity to tighten more than it
anticipates in its base case. The rating agency makes certain key
assumptions in its base case, including the potential for earnings
to weaken, but not to trough levels. S&P believes that economic
growth in key end markets including the U.S., China, and Europe
will weaken. But, the rating agency believes the supply-demand
equation will be more balanced than it typically is in a trough,
partly because the sector has not recently witnessed large net
capacity additions.

S&P will monitor the company closely for any changes to financial
policy including growth plans, and shareholder rewards. Its ratings
do not consider sizeable capital investments or shareholder
rewards. In its base case, S&P does not assume debt paydowns.

S&P said it could lower the rating in the next 12 months if it
anticipates that the key ratio of FFO to total debt will drop below
12% with no immediate prospect for improvement over that threshold.
It believes ratios could weaken to such levels if EBITDA margins
unexpectedly drop by more than 3 percentage points. A surge in raw
material pricing that the company cannot pass on, combined with a
decline in volatile product pricing, could conceivably create such
a situation. S&P could also lower the rating if the company raises
significant debt to fund growth or shareholder rewards, and FFO to
total debt weakens as a result even after factoring in potential
earnings from its growth plans. S&P could also lower the rating if
liquidity weakens so that it expects sources of liquidity to be
less than 1.2x uses.

"We could revise the outlook to stable over the next 12 months if
FFO improves enough that we believe it's sustainable. We would
require FFO to debt to remain above 12% and the debt-to-EBITDA
ratio, which is currently slightly above 5x, to remain below 5x in
this situation. EBITDA margins improving by four percentage points
or more could help this key ratio improve. Such a scenario could
arise from better TiO2 pricing and demand, or if capital spending
is lower than the approximately $200 million we expect in 2019,"
S&P said.

Another scenario where S&P said it could consider revising the
outlook to stable is if the company receives the $75 million it is
claiming from Tronox Inc. as a breakup fee, and uses the proceeds
to bolster liquidity or pay down debt. S&P has not considered any
receipt in its base case. A key aspect for any positive rating
action would be sustained improvement amid the sector's inherent
volatility, and S&P's view of the company's financial policy. The
company's brief track record offers little empirical evidence on
its financial policy. S&P will review the company's stated
financial policy as well as its track record over time.


VERITY HEALTH: Exclusivity Period Extended Until Oct. 25
--------------------------------------------------------
Judge Ernest M. Robles of the U.S. Bankruptcy Court for the Central
District of California, at the behest of Verity Health System of
California, Inc. and its affiliates, extended the companies'
exclusivity period for filing a plan and for obtaining acceptances
of such plan by an additional 60 days through and including Oct. 25
and Dec. 24, respectively.

According to court filings, the companies sought an extension to
allow them to continue to navigate through a number of open issues,
which are likely to impact the feasibility of the plan or return to
unsecured creditors, including the close of the SGM Sale and the
timing thereof which depends on the Attorney General's review. The
companies wanted to diligently finish the plan, while retaining
exclusivity (including to retain exclusivity relating to any
amendments to the plan this fall).

                   About Verity Health System

Verity Health System -- https://www.verity.org/ -- operates as a
non-profit health care system in the state of California, with
approximately 1,680 inpatient beds, six active emergency rooms, a
trauma center, and a host of medical specialties, including
tertiary and quaternary care.  Verity's two Southern California
hospitals are St. Francis Medical Center in Lynwood and St. Vincent
Medical Center in Los Angeles.  In Northern California, O'Connor
Hospital in San Jose, St. Louise Regional Hospital in Gilroy, Seton
Medical Center in Daly City and Seton Coastside in Moss Beach are
part of Verity Health.  Verity Health also includes Verity Medical
Foundation.  

With more than 100 primary care and specialty physicians, VMF
offers medical, surgical and related healthcare services for people
of all ages at community-based, multi-specialty clinics
conveniently located in areas served by the Verity hospitals.
Verity Health System was created in a transaction approved by
California Attorney General Kamala Harris and completed in December
2015.

Verity Health System of California, Inc., and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D.
Cal. Lead Case No. 18-20151) on Aug. 31, 2018.  In the petition
signed by CEO Richard Adcock, Verity Health estimated assets of
$500 million to $1 billion and liabilities of $500 million to $1
billion.  

Judge Ernest M. Robles oversees the cases.

The Debtors tapped Dentons US LLP as their bankruptcy counsel;
Berkeley Research Group, LLC, as financial advisor; Cain Brothers
as investment banker; and Kurtzman Carson Consultants as claims
agent.

The official committee of unsecured creditors formed in the case
retained Milbank, Tweed, Hadley & McCloy LLP as counsel.



VIDANGEL INC: Seeks to Hire Piercy Bowler as Accountant
-------------------------------------------------------
VidAngel, Inc., seeks authority from the U.S. Bankruptcy Court for
the District of Utah to employ Piercy Bowler Taylor & Kern as
accountant to the Debtor.

VidAngel, Inc., requires Piercy Bowler to:

   a. render accounting assistance in the preparation of
      financial reports required to be filed with this Court;

   b. assess the financial aspects of causes of action the
      Debtor's estate may have against third parties;

   c. tax analysis and preparing any required tax returns; and

   d. advise the Trustee on any other accounting or financial
      matters that may arise in the Debtor's estate.

Piercy Bowler will be paid at the hourly rates of $185 to $325.

Piercy Bowler will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Mark D. Hashimoto, partner of Piercy Bowler Taylor & Kern, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Piercy Bowler can be reached at:

     Mark D. Hashimoto
     PIERCY BOWLER TAYLOR & KERN
     9980 South 300 West, Suite 200
     Sandy, UT 84070
     Tel: (801) 990-1120

                       About VidAngel Inc.

Based in Provo, Utah, VidAngel, Inc., is an entertainment platform
empowering users to filter language, nudity, violence, and other
content from movies and TV shows on modern streaming devices such
as iOS, Android, and Roku. The company's newly launched service
empowers users to filter via their Netflix, Amazon Prime, and HBO
on Amazon Prime accounts, as well as enjoy original content
produced by VidAngel Studios. Its signature original series, Dry
Bar Comedy, now features the world's largest collection of clean
standup comedy, earning rave reviews from fans nationwide.

VidAngel filed a Chapter 11 petition (Bankr. D. Utah Case No.
17-29073) on Oct. 18, 2017. In the petition signed by CEO Neal
Harmon, the Debtor was estimated to have $1 million to $10 million
in both assets and liabilities.

Judge Kevin R. Anderson oversees the case.

The Debtor tapped J. Thomas Beckett, Esq., at Parsons Behle &
Latimer, as bankruptcy counsel; Durham Jones & Pinegar, Baker
Marquart LLP, and Stris & Maher LLP as special counsel; and Tanner
LLC as auditor and advisor.  The Debtor also hired economic
consulting expert Analysis Group, Inc.


WALDING CONTRACTING: Hires SKS Legal Group as Special Counsel
-------------------------------------------------------------
Walding Contracting, Inc. seeks authority from the United States
Bankruptcy Court for the Middle District of Florida (Jacksonville)
to hire SKS Legal Group, P.A. as special counsel.

SKS Legal will assist the Debtor with various stated court lawsuits
and arbitration proceedings.

Robert Streit, Esq., and Jordan Kay, Esq., at SKS Legal, have
requested a retainer to be held in trust of $3,500.00. SKS Legal's
normal hourly rate is $300.

Mr. Streit disclosed in a court filing that his firm is
"disinterested" as defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Robert C. Streit, Esq.
     Jordan C. Kay, Esq.
     SKS Legal Group, P.A.
     101 NE 3rd Ave #1500
     Fort Lauderdale, FL 33301
     Phone: +1 954-637-3713

                      About Walding Contracting Inc.

Walding Contracting, Inc., an excavating contractor in
Jacksonville, Fla., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-01695) on May 6,
2019. The petition was signed by Michael Walding, president. At the
time of the filing, the Debtor had estimated assets of less than
$50,000 and liabilities of $1 million to $10 million.

The case has been assigned to Judge Jerry A. Funk.  The Law Offices
of Jason A. Burgess, LLC is the Debtor's legal counsel.


WARRIOR MET: Moody's Alters Outlook on B2 CFR to Positive
---------------------------------------------------------
Moody's Investors Service revised the outlook for Warrior Met Coal,
Inc. to positive from stable following significant debt reduction
and continued progress operationally. Moody's affirmed all of the
company's long-term ratings, including the B2 Corporate Family
Rating and B2 Senior Secured Rating, and upgraded the company's
short-term liquidity rating to SGL-1 from SGL-2.

"Warrior's credit quality is strengthening on continued operational
progress and meaningful debt reduction," said Ben Nelson, Moody's
Vice President -- Senior Credit Officer and lead analyst for
Warrior Met Coal, Inc.

Upgrades:

Issuer: Warrior Met Coal, Inc.

  Speculative Grade Liquidity Rating, Upgraded to SGL-1
  from SGL-2

Outlook Actions:

Issuer: Warrior Met Coal, Inc.

  Outlook, Changed To Positive From Stable

Affirmations:

Issuer: Warrior Met Coal, Inc.

  Probability of Default Rating, Affirmed B2-PD

  Corporate Family Rating, Affirmed B2

  Senior Secured Regular Bond/Debenture, Affirmed B2 (LGD4)

RATINGS RATIONALE

The outlook revision reflects a substantive reduction in debt by
nearly 30% since Moody's upgraded the company's CFR to B2 from B3
in September 2018. Warrior repaid about $130 million in debt in
2019.

The B2 CFR balances the company's excellent margin potential from
high quality and low-cost metallurgical coal assets with
operational concentration risk and the inherent volatility of the
metallurgical coal industry. Warrior's two coal mines in Southern
Appalachia produce about 7.0-8.0 million short tons of low-vol and
mid-vol hard coking coal that prices near the Platts Premium LV FOB
Australia Index. While the company has fewer mines compared to
rated peers in the United States, Warrior has a good operating
history, takes precautionary measures such as buying extra longwall
shields, and benchmark-quality coal allows the company to continue
to generate good margins in a weak pricing environment. Warrior is
also set up well with long-term contracts to export out of the Port
of Mobile in Mobile, Alabama. Most customers are blast furnace
customers in Europe, South America, and Asia. Warrior also has
limited legacy liabilities compared to many coal industry peers and
good liquidity to support operations.

Moody's expects that metallurgical coal prices near the upper end
of its medium term sensitivity range of $110-170/metric ton will
enable the company to maintain strong credit metrics and
discretionary cash flow generation through 2020. Management
affirmed guidance during the second quarter earnings call,
including coal production and sales of 7.5-7.9 million short tons,
cash cost of sales of $89-95 per short ton free-on-board port, and
capital expenditures of $100-120 million. While metallurgical coal
prices have softened a bit over the past few months and Moody's
outlook for the steel industry is also somewhat weaker heading into
2020, Warrior's key credit measures and discretionary cash flow
generation are very strong for the trailing twelve months ended 30
June 2019, including adjusted gross financial leverage of 0.6x
(Debt/EBITDA) and $477 million of free cash flow before shareholder
returns. The rating does not incorporate expectations for
discretionary debt reduction and assumes that excess cash flow will
be deployed to fund shareholder returns, viewed as credit neutral,
or an expansion project, viewed as potentially credit positive
depending on the financing plan.

Warrior has not announced a final decision about the company's Blue
Creek Project, which would add up to 3 million tons of High Vol A
metallurgical coal production at an estimated initial cost of
$550-600 million. The company believes it could also add a second
longwall to take production up to 6 million tons. The High Vol A
segment of the metallurgical coal market is relatively small and
other producers have also announced projects to add additional
production, including some projects that are already under
development to target the still-growing seaborne market. Moody's
will remain focused on the impact of these projects on the High Vol
A market and the pricing differentials compared to other grades of
metallurgical coal. Management expects to achieve enough progress
to make a decision in early 2020.

Based on a sensitivity analysis using pricing sustained at the low
end of its medium term sensitivity range ($110/metric ton) and
assuming that the company does not take on meaningful debt to fund
the Blue Creek Project, Moody's believes that the company would
generate at least $100 million of EBITDA, reduce capital spending
to about $50 million, and continue to generate modestly positive
free cash flow, which is potentially consistent with a higher
rating. Moody's believes that many metallurgical coal mines in the
USA would be severely margin-challenged at $110/metric ton.

Environmental, social, and governance factors are important factors
influencing Warrior's credit quality. From an environmental
perspective the coal mining sector is viewed as: (i) very high risk
for air pollution and carbon regulations; (ii) high risk for soil
and water pollution, land use restrictions, and natural and
man-made hazards; and (iii) moderate risk for water shortages.
Social issues include specific health risks, such as black lung
disease, and typical safety issues associated with mining.
Governance issues include financial policy challenges associated
with operating a cyclical business within a publicly-traded
company, including balancing shareholder returns with maintaining
liquidity to support operations during cyclical downturns. However,
Warrior is focused exclusively on metallurgical coal, which
substantively reduces exposure to some ESG-related risks compared
to companies that produce thermal coal and must contend with
ongoing secular decline in demand from the utility sector.
Warrior's mines are also underground mines, which have less
exposure from an environmental perspective than surface coal
mines.

The SGL-1 Speculative Grade Liquidity Rating reflects very good
liquidity to support operations over the next 12-15 months. Moody's
believes that the company has about $250 million of available
liquidity, including $119 million of cash, $14 million of
short-term investments, and about $116 million of availability on
its asset-based revolving credit facility. Moody's does not
anticipate that the company will draw down on the revolving credit
facility due to expectations for substantial free cash flow in
2019. The credit agreement contains a minimum fixed charge coverage
ratio of 1.0x that is only tested when excess availability falls
below certain thresholds. The short-term liquidity rating is driven
primarily by cash and expectations for strong cash flows.

The positive outlook reflects an increased likelihood of a rating
upgrade in the near-term. Moody's could upgrade the rating with
further articulation of the timeline and near-term financing plan
for the Blue Creek Project, expectations for continued strong
credit metrics and discretionary cash flow generation, and
maintenance of good liquidity. Moody's could downgrade the rating
with expectations for adjusted financial leverage above 3.5x
(Debt/EBITDA), sustained negative free cash flow, or less than $100
million of available liquidity.

The principal methodology used in these ratings was Mining
published in September 2018.

Based in Brookwood, Alabama, Warrior Met Coal, Inc. operates three
longwalls in two mines in Brookwood, Alabama, which produce and
export metallurgical coal for a diversified customer base of blast
furnace steel producers located primarily in Europe, South America,
and Asia.


WE COMPANY: WeWork Pulls Plans to Go Public
-------------------------------------------
WeWork parent, The We Company, on Monday withdrew its plan to take
the office space leasing company public less than a week after
ousting its CEO.

After facing pressure from SoftBank, the company announced Sept.
24, 2019, that WeWork co-founder Adam Neumann will be stepping down
as CEO, though he will stay on as non-executive chairman at the
parent company.  He will also be stripped of his majority control
over the company, with Mr. Neumann's voting shares reduced from
10-to-1 to 3-to-1.

The company's new co-CEOs, effective immediately, will be current
co-president and CFO Artie Minson and vice chairman Sebastian
Gunningham, with a search underway for a permanent successor.  The
new CEOs said in a statement they "will be taking clear actions to
balance WeWork's high growth, profitability and unique member
experience while also evaluating the optimal timing for an IPO."

"While our business has never been stronger, in recent weeks, the
scrutiny directed toward me has become a significant distraction,"
Mr. Neumann said, "and I have decided that it is in the best
interest of the company to step down as chief executive."

On Sept. 30, 2019, We Co. said it would file a request with the
Securities and Exchange Commission to withdraw its IPO proposal.
WeWork's new co-CEOs explained that the company is postponing the
offering to focus on its core business and that it has "every
intention to operate WeWork as a public company" but didn't provide
a time frame.

                      $47 Billion Valuation

Mr. Neumann led WeWork, the property firm he co-founded with Miguel
McKelvey in 2010, to become a global juggernaut.  The company
leases office space from landlords, refurbishes it and then rents
it to individuals, small firms and large corporations like Amazon
and UBS.  Following a rapid expansion, WeWork is now the biggest
tenant in New York City and has more than 500 locations in 29
countries.  

SoftBank made a big investment in January 2019 that valued WeWork
at $47 billion.  Masayoshi Son's SoftBank Group Corp. plowed $10.65
billion in the startup in the form of stock and loans.  SoftBank
has a roughly 29% stake in We Co.

The parent filed regulatory documents to go public on August 14,
2019.  We Co. aimed to raise as much as $4 billion in the IPO, and
had lined up $6 billion in a bank loan that was contingent on the
IPO.  But the offering has been delayed due to a lack of investor
interest.

Since announcing plans to go public, WeWork has faced questions
from investors about its large financial losses, funding, and
corporate governance.  A series of revelations about Mr. Neumann's
personal finances and dealings with the company also drew
scrutiny.

We Co.'s Form S-1 IPO prospectus revealed a bleak picture of the
Company's financial state: $47 billion in lease obligations and the
company was losing $1 for every dollar it made.

Though the company's S-1 revealed record revenues of $1.54 billion
in the first six months of 2019 alone, its expenses in that period
hit $2.9 billion.  While revenues have grown, losses have also
climbed.  Losses topped $1.6 billion in 2018.  

We Co. had $2.5 billion in cash as of June 30, 2019.  It is burning
cash at about $700 million a quarter and could run out of cash by
the middle of 2020 absent a cash infusion.

WeWork had the image of a family business.  Mr. Neumann's wife,
Rebekah, 41, is listed as co-founder, chief brand and impact
officer of the parent company We Co., CEO of an education arm of
the business called WeGrow, and one of three people assigned to
select a replacement for her 40-year-old husband if he dies.  Adam
also hired multiple family members besides his wife.

Mr. Neumann borrowed funds from the company, collected rent from
WeWork on space in buildings he owned and charged the company $5.9
million for the rights to a trademark he held on the name.  In
2016, after laying off 7% of employees for financial reasons, he
reportedly threw an in-house, tequila-fueled Run DMC concert.

But even the announcement on Sept. 24 that Mr. Neumann would step
down failed to quell questions about WeWork's long-term prospects.

The company's valuation plummeted from an estimated $47 billion
private valuation early this year to less than $15 billion before
its offering was postponed altogether.

According to Fortune Media, Fifth Wall co-founder and managing
director Brendan Wallace, whose real estate-focused venture capital
firm manages a $503 million fund, says the market’s rejection of
WeWork's IPO "reflects that public market investors are incredibly
rational" and serve as "a check-and-balance on private market
valuations."



WEST VIRGINIA: Seeks to Hire Michelle Steele as Bookkeeper
----------------------------------------------------------
West Virginia Resorts, LLC, seeks authority from the U.S.
Bankruptcy Court for the Northern District of West Virginia to
employ Michelle Steele, as bookkeeper to the Debtor.

West Virginia requires Michelle Steele to:

   a. review all financial statements;

   b. prepare and assist in the preparation and filing of the
      Debtor's monthly operating reports;

   c. assist the Debtor's counsel in preparation of financial
      projections to be used in connection with a Disclosure
      Statement and Plan; and

   d. prepare weekly payroll and prepare quarterly payroll tax
      returns and pay weekly payroll taxes.

Michelle Steele will be paid at the hourly rate of $45. Michelle
Steele will be paid a retainer in the amount of $750.

Michelle Steele will also be reimbursed for reasonable
out-of-pocket expenses incurred.

To the best of the Debtor's knoweldge the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

                 About West Virginia Resorts LLC

West Virginia Resorts LLC, a privately held company in Charleston,
W.Va., sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. N.D. W.Va. Case No. 19-00587) on July 18, 2019.  At the
time of the filing, the Debtor was estimated to have assets of
between $1 million and $10 million and liabilities of the same
range.  The case is assigned to Judge Patrick M. Flatley.  The
Debtor is represented by Caldwell & Riffee.


WEWORK COS: S&P Cuts ICR to 'B-' on Credit Risks Related to IPO
---------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on WeWork
Companies LLC (The We Company) to 'B-' from 'B', and revised its
outlook negative from stable. S&P also revised its liquidity
assessment to less than adequate.

At the same time, S&P lowered its issue-level ratings on the
company's senior unsecured notes to 'B' from 'B+'. The recovery
ratings on the debt facilities are unchanged.

The downgrade reflects heightened uncertainty around The We
Company's ability to raise capital to support aggressive growth and
the pressure this places on liquidity. These uncertainties stem
from the weak reception of The We Company's IPO, partly related to
what S&P views as subpar governance practices. Governance-linked
questions and a series of changes in the week following the S-1
filing have weakened the prospects for a successful IPO by
year-end, creating uncertainty about access to alternative capital
resources. Despite some improvements in governance practices
subsequent to the initial filing, it is unclear whether the changes
will lift investor sentiment. S&P also believes the company may
struggle to meet its capital investment funding needs and liquidity
covenant over the next 12 months. At this point, S&P has not
factored in any potential additional capital inflows from SoftBank
other than the $1.7 billion due in 2020 ($1.5 billion due in April
and $200 million due in the second half of 2020). Underpinning
these uncertainties are challenging market conditions including a
heightened risk of recession in the U.S., Brexit worries, and a
slowdown of the Chinese economy (both London and China are major
markets for The We Company).

"The negative outlook is indicative of the uncertainty tied to The
We Company's weakening liquidity position and access to capital,
following poor reception to its IPO related to scrutiny of
corporate leadership and governance practices. It also reflects the
risk the company will struggle to fund its capital spending needs
absent additional financing, the pivot in corporate leadership, and
increased uncertainty about its future direction.

"We could downgrade WeWork over the next six to 12 months if the
company struggles to secure additional financing to support its
operating and growth needs, causing its cash position to decline
below the $500 million required liquidity covenant," S&P said.
Other potential avenues for a downgrade include significant
operational disruptions precipitated by sharp declines in occupancy
levels, loss of key talent, or a decrease in landlord confidence
and the ability to secure favorable lease terms, according to the
rating agency.

"We could revise the outlook to stable over the next 12 months if
the company is able to demonstrate the ability to obtain sufficient
capital to adequately support its growth investment, operating, and
covenant compliance needs over the next 12 to 18 months. The most
likely path toward stabilization would occur upon external infusion
of equity capital, combined with a reduction in footprint
expansion, and thereby capital conservation," S&P said, adding that
it could also consider a return to a stable outlook if the company
enacted and demonstrated positive momentum toward changes in its
business plan that would allow them to better manage costs and
accelerate the timeline to profitability.


WISE ENTERPRISE: Seeks to Hire Dudley Thomas as Real Estate Agent
-----------------------------------------------------------------
Wise Enterprise Group, LLC seeks authority from the United States
Bankruptcy Court for the Northern District of Georgia (Rome) to
employ Dudley Thomas Spade SRE, LL, as its real estate agent.

The Debtor scheduled the value of its commercial building located
at 22 Felton Place, Cartersville, Ga., at $1,400,00 and disclosed
mortgages on the facility held by GB&T, Synovus SBA Lending, with
an aggregate approximate balance of $1.1 million.

The Debtor seeks authority from the court to employ Dudley Thomas
to procure a buyer for the facility.

The firm will receive 4 percent of the gross sales price as
commission.

Dudley Thomas does not represent any interest adverse to the
eEstate and is a disinterested party as that term is defined 11
U.S.C. Sec. 101 (14), according to court filings.

The firm can be reached through:

     Bryant Cornett
     Dudley Thomas Spade SRE, LLC
     900 Circle
     75 Parkway SE, Suite 1350
     Atlanta, GA 30339
     Phone:​+404-939-9500
     Fax:+​404-939-9515

                   About Wise Enterprise Group

Wise Enterprise Group LLC, an investment holding company in
Cartersville, Ga., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 19-41786) on Aug. 2,
2019.  At the time of the filing, the Debtor disclosed assets of
between $1 million and $10 million and liabilities of the same
range.  The case has been assigned to Judge Paul W. Bonapfel.  The
Debtor is represented by Theodore N. Stapleton, P.C.


YOUNG SMILES: Hires Tampa Law Advocates as Legal Counsel
--------------------------------------------------------
Young Smiles Pediatric Dentistry & Spa, P.A. seeks authority from
the United States Bankruptcy Court for the Middle District of
Florida (Tampa) to hire Tampa Law Advocates, P.A. as its legal
counsel.

The firm will provide these services:

     a. advise the Debtor with regard to the powers and duties of
the Debtor and as Debtor-in-possession in the continued operation
of the business and management of the property of the estate;

     b. prepare and file the petition, schedules of assets and
liabilities, statement of affairs, and other documents as required
by the Court;

     c. represent the Debtor at the Section 341 meeting of
creditors;

     d. give the Debtor legal advice with respect to its powers and
duties as Debtor and as Debtor-in-possession in the continued
operation of its business and management of its property, if
appropriate;

     e. advise the Debtor with respect to its responsibilities in
complying with the United States Trustee's Guidelines ans Reporting
Requirements and with the rules of the court;

     f. prepare, on behalf of the Debtor, necessary motions,
pleadings, applications, answers, orders, complaints, and other
legal papers and appear on hearings;

     g. protect the interest of the Debtor in all matters pending
before the court;

     h. represent the Debtor in negotiation with its creditors in
the preparation of the Chapter 11 plan; and

     i. perform all other legal services for the Debtor.

The firm charges $400 per hour for the firm's services.

Samantha Dammer, Esq., at Tampa Law, disclosed in court filings
that her firm does not represent any interest adverse to the Debtor
or its estate.

The counsel can be reached through:

     Samantha L. Dammer, Esq.
     TAMPA LAW ADVOCATES, P.A.
     620 East Twiggs Suite 110
     Tampa, FL 33602
     Tel: 813-288-0303
     Fax: 813-466-7495
     Email: sdammer@attysam.com

              About Young Smiles Pediatric
                Dentistry & Spa, P.A.

Young Smiles Pediatric Dentistry & Spa, P.A. --
https://youngsmilesdental.net/ -- offers dental services for
infants, children, and adolescents.

Young Smiles Pediatric Dentistry & Spa, P.A. sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
19-08904) on September 20, 2019. In the petition signed by Dr. Kera
Young, president, the Debtor estimated $277,974 in assets and
$1,040,400 in liabilities.

Samantha L. Dammer, Esq. at Tampa Law Advocates, P.A. is the
Debtor's counsel.


                            *********

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
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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.

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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Troubled Company Reporter is a daily newsletter co-published
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