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         T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, May 1, 2020, Vol. 24, No. 121

                            Headlines

01 BH PARTNERSHIP: Disclosure Statement Hearing Continued to July 1
1232743 BC: Bank Debt Trades at 34% Discount
24 HOUR FITNESS: Bank Debt Trades at 71% Discount   
5BARZ INTERNATIONAL: Case Summary & 20 Largest Unsecured Creditors
7-H ENTERPRISES: Has Until July 27 to File Plan & Disclosures

9370-3817 QUEBEC: Bank Debt Trades at 19% Discount
99 CENTS: Bank Debt Trades at 31% Discount
A NEW START: June 18 Plan Confirmation Hearing Set
A-L PARENT LLC: Bank Debt Trades at 36% Discount
A-L PARENT: Bank Debt Trades at 38% Discount

ABB CON-CISE: Bank Debt Trades at 23% Discount
ABILITY INC: Delays Filing of Annual Report Due to COVID-19
ACCURIDE CORP: Bank Debt Trades at 56% Discount
ADAMIS PHARMACEUTICALS: Nasdaq Extends Compliance Period to Dec. 21
ADVANTAGE SALES: $575MM Bank Debt Trades at 21% Discount

ADVANTAGE SALES: Bank Debt Trades at 34% Discount
AEMETIS INC: Signs New Three-Year Contracts with Top Executives
AFFINION GROUP: Bank Debt Trades at 28% Discount
AFFINITY GAMING: Bank Debt Trades at 23% Discount
AFFORDABLE CARE: Bank Debt Trades at 32% Discount

AIRXCEL INC: Bank Debt Trades at 21% Discount
AIS HOLDCO: Bank Debt Trades at 23% Discount
ALLIANCE LAUNDRY: Bank Debt Trades at 25% Discount
ALORICA INC: S&P Rates New Priority Term Loans 'CCC+'
ALTA HOLDING: Bank Debt Trades at 16% Discount

AMCP CLEAN: Bank Debt Trades at 59% Discount
AMERICAN AXLE: Bank Debt Trades at 19% Discount
AMERICAN GREETINGS: Bank Debt Trades at 21% Discount
AMERICAN TELECONFERENCING: Bank Debt Trades at 42% Discount
AMERICAN TIRE: Bank Debt Trades at 31% Discount

ANASTASIA PARENT: Bank Debt Trades at 59% Discount
ANCHOR GLASS: Bank Debt Trades at 34% Discount
ANCHOR GLASS: Bank Debt Trades at 58% Discount
ANICHINI HOSPITALITY: Drummond Woodsum Okayed as Counsel
ANICHINI INC: Hires Drummond Woodsum as Counsel

AP GAMING I: Bank Debt Trades at 19% Discount
APC AUTOMOTIVE: $155M Term Loan Trades at 23% Discount
APC AUTOMOTIVE: $25M Term Loan Trades at 23% Discount
APC AUTOMOTIVE: Bank Debt Trades at 74% Discount
APEX TOOL: Bank Debt Trades at 21% Discount

APOLLO COMMERCIAL: Bank Debt Trades at 16% Discount
APPLOVIN CORP: Moody's Rates $250MM Incremental Term Loan 'B1'
APR OPERATING: Bank Debt Trades at 32% Discount
AQ CARVER: Bank Debt Trades at 27% Discount
ARBOR PHARMACEUTICALS: Bank Debt Trades at 27% Discount

ARRAY CANADA: Bank Debt Trades at 48% Discount
ARRAY CANADA: Moody's Cuts CFR to Caa1, Outlook Negative
ASP CHROMAFLO: Bank Debt Trades at 22% Discount
ASP MCS: Bank Debt Trades at 57% Discount
ASP UNIFRAX: Bank Debt Trades at 24% Discount

ASP UNIFRAX: Bank Debt Trades at 33% Discount
ASPECT SOFTWARE: Bank Debt Trades at 20% Discount
ASPEN GEN: Bank Debt Trades at 16% Discount
AT HOME: Bank Debt Trades at 29% Discount
ATI HOLDINGS: Bank Debt Trades at 18% Discount

AUTOKINITON US: Bank Debt Trades at 20% Discount
AVSC HOLDING: Bank Debt Trades at 33% Discount
AVSC HOLDING: Bank Debt Trades at 36% Discount
AWAZE LTD: Bank Debt Trades at 30% Discount
AWAZE LTD: Bank Debt Trades at 48% Discount

BADGER FINANCE: Bank Debt Trades at 25% Discount
BANTEC INC: Secures $60,000 Loan from Geneva Roth Remark
BARBRI INC: Bank Debt Trades at 20% Discount
BCP RAPTOR: Bank Debt Trades at 51% Discount
BCPE ROVER: Bank Debt Trades at 31% Discount

BEP ULTERRA: Bank Debt Trades at 28% Discount
BIOPHARMX CORP: To Hold its Special Stockholders' Meeting Virtually
BIOPLAN USA: Bank Debt Trades at 49% Discount
BIOVENTUS LLC: Bank Debt Trades at 16% Discount
BLUE RIBBON: Bank Debt Trades at 31% Discount

BOJANGLES' INC: Bank Debt Trades at 34% Discount
BRIGHT MOUNTAIN: Obtains $465K PPP Loan from Regions Bank
BROWNLEE FARM: June 23 Plan Confirmation Hearing Set
BULLDOG PURCHASER: Bank Debt Trades at 32% Discount
BW NHHC: Bank Debt Trades at 38% Discount

BW NHHC: Bank Debt Trades at 43% Discount
BYRDLAND PROPERTIES: Taps Conroy Baran as Bankruptcy Counsel
C&D TECHNOLOGIES: Bank Debt Trades at 23% Discount
CAESARS RESORT: Bank Debt Trades at 17% Discount
CALCEUS ACQUISITION: Bank Debt Trades at 18% Discount

CALIFORNIA PIZZA: Bank Debt Trades at 61% Discount
CALIFORNIA RESOURCES: Bank Debt Trades at 75% Discount
CAMPBELL & SON: May 1 Disclosure Statement Hearing Set
CAMPBELL & SON: Recovery for Unsecured to Depend on Building Sale
CANYON VALOR: Bank Debt Trades at 19% Discount

CARROLS RESTAURANT: Bank Debt Trades at 28% Discount
CASABLANCA US: Bank Debt Trades at 22% Discount
CAST & CREW: Bank Debt Trades at 19% Discount
CATALENT PHARMA: S&P Raises Senior Secured Debt Rating to 'BB+'
CBAC BORROWER: Bank Debt Trades at 25% Discount

CD&R HYDRA: Bank Debt Trades at 24% Discount
CDRH PARENT: Bank Debt Trades at 37% Discount
CDS US: Bank Debt Trades at 57% Discount
CEC ENTERTAINMENT: Bank Debt Trades at 50% Discount
CENTRAL SECURITY: Bank Debt Trades at 58% Discount

CHECKERS HOLDINGS: Bank Debt Trades at 43% Discount
CHECKERS HOLDINGS: Bank Debt Trades at 53% Discount
CHECKOUT HOLDING: Bank Debt Trades at 62% Discount
CHEMOURS COMPANY: Moody's Cuts CFR to Ba3 & Sec. Bank Loans to B1
CIBT GLOBAL: Bank Debt Trades at 32% Discount

CIBT GLOBAL: Bank Debt Trades at 40% Discount
CIRCOR INTERNATIONAL: S&P Lowers ICR to 'B-'; Outlook Negative
CLAIRE'S STORES: Bank Debt Trades at 16% Discount
COMET BIDCO: Bank Debt Trades at 40% Discount
COMMUNITY HEALTH: Posts $18 Million Net Income in First Quarter

CONFIE SEGUROS: Bank Debt Trades at 21% Discount
CONFLUENT HEALTH: Bank Debt Trades at 24% Discount
CONNACHER OIL: Bank Debt Trades at 23% Discount
CONSOL ENERGY: Bank Debt Trades at 38% Discount
CONSTELLIS HOLDINGS: Bank Debt Trades at 84% Discount

CONSTELLIS HOLDINGS: Bank Debt Trades at 84% Discount
CONSTELLIS HOLDINGS: Bank Debt Trades at 84% Discount
CONTAINER STORE: Bank Debt Trades at 28% Discount
CONTURA ENERGY: Bank Debt Trades at 32% Discount
CPM HOLDINGS: Bank Debt Trades at 19% Discount

CPM HOLDINGS: Bank Debt Trades at 24% Discount
CRCI LONGHORN: Moody's Cuts CFR to B3 & Alters Outlook to Stable
CREATIVE GLOBAL: Plan of Reorganization Confirmed by Judge
CROWN FINANCE: Bank Debt Trades at 34% Discount
CSM BAKERY: Bank Debt Trades at 16% Discount

CSM BAKERY: Bank Debt Trades at 22% Discount
CUKER INTERACTIVE: Taps Larson O'Brien, Prata Firms as Fee Counsel
CYXTERA DC: Bank Debt Trades at 37% Discount
CYXTERA DC: Bank Debt Trades at 38% Discount
CYXTERA DC: Bank Debt Trades at 76% Discount

DASEKE COS: Bank Debt Trades at 23% Discount
DEL MAR RACK TRACK: Fitch Cuts Rating on $39MM of 2015 Bonds to BB-
DEL MONTE: Bank Debt Trades at 26% Discount
DELPHI ENERGY: Gets Protection Under CCAA
DELUXE ENTERTAINMENT: Bank Debt Trades at 30% Discount

DENTAL CORP: Bank Debt Trades at 23% Discount
DENTALCORP HEALTH: Bank Debt Trades at 20% Discount
DENTALCORP HEALTH: Bank Debt Trades at 20% Discount
DIAMOND BC: Bank Debt Trades at 19% Discount
DIAMOND OFFSHORE: Moody's Cuts PDR to D-PD on Bankruptcy Filing

DIAMOND RESORTS: Bank Debt Trades at 23% Discount
DIOCESE OF BUFFALO: Seeks to Tap Bond, Schoeneck & King as Counsel
DIOCESE OF BUFFALO: Taps Phoenix Management as Finance Advisor
DOMINION DIAMOND: Fitch Cuts IDR to D on Insolvency Protection
DRILLING INFO: Bank Debt Trades at 20% Discount

DXP ENTERPRISES: Bank Debt Trades at 16% Discount
EAB GLOBAL: Bank Debt Trades at 16% Discount
EDGEWOOD PARTNERS: Bank Debt Trades at 25% Discount
EG AMERICA: Bank Debt Trades at 22% Discount
ELECTRONICS FOR IMAGING: Bank Debt Trades at 22% Discount

ELEVATE TEXTILES: Bank Debt Trades at 34% Discount
ELEVATE TEXTILES: Bank Debt Trades at 58% Discount
ELLSWORTH HANSEN: Creditors to Get $500 From Rent for 3 Years
EMERALD EXPOSITIONS: Bank Debt Trades at 22% Discount
EMERALD PERFORMANCE: Bank Debt Trades at 19% Discount

EMPLOYBRIDGE LLC: Bank Debt Trades at 21% Discount
ENCINO ACQUISITION: Bank Debt Trades at 54% Discount
ENERGY ACQUISITION: Bank Debt Trades at 22% Discount
ENERGY ACQUISITION: Bank Debt Trades at 34% Discount
ENTEGRIS INC: S&P Rates $350MM Senior Unsecured Notes 'BB'

ENVISION HEALTHCARE: Bank Debt Trades at 33% Discount
EPIC Y-GRADE: Bank Debt Trades at 25% Discount
EQUINOX HOLDINGS: Bank Debt Trades at 20% Discount
ERC FINANCE: Bank Debt Trades at 15% Discount
EXACTECH INC: Bank Debt Trades at 20% Discount

EXCEL FITNESS: Bank Debt Trades at 24% Discount
EYECARE PARTNERS: Bank Debt Trades at 18% Discount
FASTLANE PARENT: Bank Debt Trades at 24% Discount
FIELDWOOD ENERGY: Bank Debt Trades at 71% Discount
FIFTH DAY: Seeks Court Approval to Hire FGMK LLC as Accountants

FIRST AMERICAN: Bank Debt Trades at 20% Discount
FITNESS INTERNATIONAL: Bank Debt Trades at 25% Discount
FLEXENTIAL INTERMEDIATE: Bank Debt Trades at 62% Discount
FOGO DE: Bank Debt Trades at 38% Discount
FORESIGHT ENERGY: Bank Debt Trades at 77% Discount

FORM TECHNOLOGIES: Bank Debt Trades at 40% Discount
FORM TECHNOLOGIES: Bank Debt Trades at 48% Discount
FORT DEARBORN: Bank Debt Trades at 20% Discount
FREEDOM CAPITAL: U.S. Trustee Unable to Appoint Committee
FRONTERA GENERATION: Bank Debt Trades at 30% Discount

FUWEI FILMS: Posts RMB11.4 Million Net Income in 2019
FXI HOLDINGS: S&P Downgrades ICR to 'CCC+'; Outlook Negative
GAINESVILLE & HALL: Fitch Cuts Rating on $52MM of 2017 Bonds to BB
GAP INC: S&P Downgrades ICR to BB- on COVID-19-Related Challenges
GATEWAY CASINOS: Bank Debt Trades at 23% Discount

GAVILAN RESOURCES: Bank Debt Trades at 80% Discount
GC EOS BUYER: Bank Debt Trades at 19% Discount
GC EOS: Bank Debt Trades at 24% Discount
GC EOS: Bank Debt Trades at 34% Discount
GENCANNA GLOBAL: Panel Hires GlassRatner as Financial Advisor

GENERAL NUTRITION: Bank Debt Trades at 29% Discount
GENUINE FINANCIAL: Bank Debt Trades at 22% Discount
GIGA-TRONICS INC: Secures $786K PPP Loan from Western Alliance
GIGAMON INC: $392-Mil. Bank Debt Trades at 18% Discount
GIGAMON INC: Bank Debt Trades at 18% Discount

GK HOLDINGS: Bank Debt Trades at 31% Discount
GLOBAL EAGLE: Bank Debt Trades at 43% Discount
GLOBAL EAGLE: Delays Filing of Reports Amid COVID-19 Pandemic
GLOBAL HEALTHCARE: Subsidiary Secures $575K PPP Loan
GLOBALFOUNDRIES INC: Bank Debt Trades at 16% Discount

GO WIRELESS: Bank Debt Trades at 20% Discount
GOLD STANDARD: Bank Debt Trades at 64% Discount
GOLDEN ENTERTAINMENT: Bank Debt Trades at 17% Discount
GOOD SAMARITAN: Unsecured Creditors Owed $10.6M to Get 4.1% in Plan
GREEN4ALL ENERGY: Seeks to Hire Margaret M. McClure as Attorney

GREENSKY HOLDINGS: Bank Debt Trades at 16% Discount
GREENWAY HEALTH: Bank Debt Trades at 31% Discount
GRIZZLY NATURAL: Bank Debt Trades at 30% Discount
GULF FINANCE: Bank Debt Trades at 47% Discount
HANJIN INTERNATIONAL: Bank Debt Trades at 21% Discount

HARRIS MASON: Bank Debt Trades at 15% Discount
HEALTHCHANNELS INTERMEDIATE: Bank Debt Trades at 20% Discount
HEARTLAND DENTAL: Bank Debt Trades at 19% Discount
HERTZ CORP: Bank Debt Trades at 30% Discount
HEXION INTERNATIONAL: Bank Debt Trades at 20% Discount

HOFFMASTER GROUP: Bank Debt Trades at 32% Discount
HOST HOTELS: Bank Debt Trades at 19% Discount
HUBBARD RADIO: S&P Cuts ICR to 'B-'; Ratings on Watch Negative
IBIO INC: Amends CEO Contract to Modify Option Grant
ICE HOUSE: Voluntary Chapter 11 Case Summary

IMAGINE! PRINT: Bank Debt Trades at 79% Discount
IMAGINE! PRINT: Bank Debt Trades at 81% Discount
INDIANA MICHIGAN: Bank Debt Trades at 45% Discount
INFOGROUP INC: Bank Debt Trades at 39% Discount
INNOVATIVE WATER: Bank Debt Trades at 43% Discount

INNOVATIVE WATER: Bank Debt Trades at 44% Discount
INSPIREMD INC: Implements Salary Cuts Amid COVID-19 Pandemic
INTERNAP CORP: Bank Debt Trades at 65% Discount
INTERNATIONAL SEAWAYS: Bank Debt Trades at 20% Discount
INTERPACE BIOSCIENCES: Delays Filing of Definitive Proxy Statement

INTRADO CORP: Bank Debt Trades at 20% Discount
INTRADO CORP: Bank Debt Trades at 21% Discount
IPC CORP: Bank Debt Trades at 42% Discount
IQOR US: Bank Debt Trades at 36% Discount
IQOR US: Bank Debt Trades at 71% Discount

JANUS INTERNATIONAL: Bank Debt Trades at 16% Discount
JASON INC: Bank Debt Trades at 51% Discount
JAZZ ACQUISITION: Bank Debt Trades at 33% Discount
JELD-WEN INC: Moody's Rates New $250MM Senior Secured Notes 'Ba2'
JO-ANN STORES: Bank Debt Trades at 65% Discount

JO-ANN STORES: Bank Debt Trades at 75% Discount
JONES LEASE: Unsecured Creditors to Have 5% Recovery Under Plan
JP INTERMEDIATE: Bank Debt Trades at 53% Discount
K&N PARENT: Bank Debt Trades at 48% Discount
K-MAC HOLDINGS: Bank Debt Trades at 23% Discount

KAR AUCTION: S&P Cuts ICR to 'B' Due to Coronavirus-Related Risks
KC & KAJI: Seeks to Hire Eric Liepins as Counsel
KCA DEUTAG: Bank Debt Trades at 65% Discount
KESTREL ACQUISITION: Bank Debt Trades at 21% Discount
KESTREL BIDCO: Bank Debt Trades at 18% Discount

KPEX HOLDINGS: Bank Debt Trades at 19% Discount
KUEHG CORP: Bank Debt Trades at 33% Discount
LAKEVIEW VILLAGE: Fitch Affirms BB+ Rating on 2017A & 2018A Bonds
LANAI HOLDINGS: Bank Debt Trades at 21% Discount
LANDS' END: Bank Debt Trades at 19% Discount

LATHAM POOL: Bank Debt Trades at 16% Discount
LEARNING CARE 2: Bank Debt Trades at 17% Discount
LEE HI ASSOCIATES: Voluntary Chapter 11 Case Summary
LIFEMILES LTD: Bank Debt Trades at 16% Discount
LIFESCAN GLOBAL: Bank Debt Trades at 16% Discount

LIFESCAN GLOBAL: Bank Debt Trades at 35% Discount
LIGADO NETWORKS: Bank Debt Trades at 59% Discount
LIGHTSTONE HOLDCO: Bank Debt Trades at 22% Discount
LIGHTSTONE HOLDCO: Bank Debt Trades at 25% Discount
LIMETREE BAY: Bank Debt Trades at 25% Discount

LIQUI-BOX CORP: Bank Debt Trades at 23% Discount
LJ RUBY: Bank Debt Trades at 24% Discount
LSF9 ATLANTIS: Bank Debt Trades at 19% Discount
LTI HOLDINGS: Bank Debt Trades at 46% Discount
LUCID ENERGY: Bank Debt Trades at 38% Discount

LUCID ENERGY: Bank Debt Trades at 41% Discount
LUCKY RABBIT: U.S. Trustee Unable to Appoint Committee
MED PARENTCO: Bank Debt Trades at 17% Discount
MEDALLION MIDLAND: Bank Debt Trades at 30% Discount
MEDICAL DEPOT: Bank Debt Trades at 39% Discount

MEDICAL SOLUTIONS: Bank Debt Trades at 16% Discount
MEN'S WEARHOUSE: Bank Debt Trades at 60% Discount
MGF SOURCING: Bank Debt Trades at 16% Discount
MGM RESORTS: S&P Rates $500MM Senior Notes Due 2025 'BB-'
MICHAEL KORS: Bank Debt Trades at 19% Discount

MIDAS INTERMEDIATE: Bank Debt Trades at 21% Discount
MLN US: Bank Debt Trades at 42% Discount
MND HOLDINGS: Bank Debt Trades at 22% Discount
MOHEGAN GAMING: Bank Debt Trades at 23% Discount
MOHEGAN GAMING: Bank Debt Trades at 24% Discount

MONEYGRAM INTERNATIONAL: Bank Debt Trades at 26% Discount
MONITRONICS INTERNATIONAL: Bank Debt Trades at 30% Discount
MOORE PROPERTIES: Burton Realty Group Okayed as Listing Firm
MYOMO INC: Secures $1.1 Million PPP Loan from Silicon Valley Bank
NATIONAL CINEMEDIA: Bank Debt Trades at 21% Discount

NAUTILUS POWER: Bank Debt Trades at 18% Discount
NAVICO INC: Bank Debt Trades at 42% Discount
NAVITAS MIDSTREAM: Bank Debt Trades at 38% Discount
NBG ACQUISITION: Bank Debt Trades at 48% Discount
NELLSON NUTRACEUTICAL: Bank Debt Trades at 21% Discount

NELSON EDUCATION: Bank Debt Trades at 43% Discount
NEOVIA LOGISTICS: Bank Debt Trades at 21% Discount
NEP GROUP: Bank Debt Trades at 21% Discount
NES GLOBAL: Bank Debt Trades at 18% Discount
NETSMART INC: Bank Debt Trades at 20% Discount

NEUSTAR INC: Bank Debt Trades at 20% Discount
NEUSTAR INC: Bank Debt Trades at 42% Discount
NEW ARCLIN US: Bank Debt Trades at 18% Discount   
NEW CONSTELLIS: Bank Debt Trades at 78% Discount
NEW MILLENNIUM: Bank Debt Trades at 65% Discount

NGS US: Bank Debt Trades at 20% Discount
NMSC HOLDINGS: Bank Debt Trades at 54% Discount
NN INC: Bank Debt Trades at 28% Discount
NN INC: Bank Debt Trades at 28% Discount
NORDAM GROUP: Bank Debt Trades at 21% Discount

NORTH AMERICAN: Bank Debt Trades at 68% Discount
NORTHERN STAR: Bank Debt Trades at 19% Discount
NORTHSTAR FINANCIAL: Bank Debt Trades at 16% Discount
NORTHWEST ACQUISITIONS: S&P Lowers Issuer Credit Rating to 'D'
NOVABAY PHARMACEUTICALS: Offering $4.3M Worth of Common Shares

NPC INTERNATIONAL: Bank Debt Trades at 61% Discount
NTHRIVE INC: Bank Debt Trades at 35% Discount
NY METROPOLITAN COLLEGE: Fitch Puts BB on 2014 Bonds on Watch Neg.
OAK PARENT: Bank Debt Trades at 22% Discount
OECONNECTION LLC: Bank Debt Trades at 16% Discount

ONEX TSG: Bank Debt Trades at 18% Discount
ONEX TSG: Bank Debt Trades at 33% Discount
OPTIV SECURITY: Bank Debt Trades at 23% Discount
OPTIV SECURITY: Bank Debt Trades at 39% Discount
OSUM PRODUCTION: Bank Debt Trades at 24% Discount

OSUM PRODUCTION: Bank Debt Trades at 25% Discount
OUTCOMES GROUP: Bank Debt Trades at 19% Discount
OUTERSTUFF LLC: Bank Debt Trades at 42% Discount
OWENS & MINOR: Bank Debt Trades at 30% Discount
P2 UPSTREAM: Bank Debt Trades at 24% Discount

PACE INDUSTRIES: Resigns From Creditors' Committee
PALM BEACH SURGERY: Julie B. Hershman Approved as Accountant
PANDA STONEWALL: Bank Debt Trades at 19% Discount
PANDA STONEWALL: S&P Lowers Senior Secured Debt Rating to 'B-'
PAR PETROLEUM: Bank Debt Trades at 28% Discount

PARTY CITY: Bank Debt Trades at 49% Discount
PEABODY ENERGY: Bank Debt Trades at 49% Discount
PELICAN PRODUCTS: Bank Debt Trades at 23% Discount
PFS HOLDING: Bank Debt Trades at 61% Discount
PH BEAUTY: Bank Debt Trades at 24% Discount

PMHC II: Bank Debt Trades at 39% Discount
PMHC II: Bank Debt Trades at 58% Discount
POET TECHNOLOGIES: Lowers Net Loss to $5.9 Million in 2019
POLYCONCEPT NORTH: Bank Debt Trades at 22% Discount
POLYMER ADDITIVES: Bank Debt Trades at 42% Discount

PORTILLO'S HOLDINGS: Bank Debt Trades at 22% Discount
PRECISION GLOBAL: Bank Debt Trades at 20% Discount
PREFERREDPLUS TRUST: S&P Lowers Series CZN-1 Certs Rating to 'D'
PROJECT ACCELERATE: Bank Debt Trades at 23% Discount
PSC INDUSTRIAL: Bank Debt Trades at 23% Discount

PSS INDUSTRIAL: Bank Debt Trades at 20% Discount
QUEST SOFTWARE: Bank Debt Trades at 24% Discount
QUIDDITCH ACQUISITION: Bank Debt Trades at 20% Discount
REALD INC: Bank Debt Trades at 43% Discount
REALD INC: Bank Debt Trades at 73% Discount

RESEARCH NOW: Bank Debt Trades at 20% Discount
REVLON CONSUMER: Bank Debt Trades at 49% Discount
RGIS SERVICES: Bank Debt Trades at 39% Discount
ROAN HOLDINGS: Delays Filing of Annual Report Over COVID-19
ROBERTSHAW US: Bank Debt Trades at 22% Discount

RODAN & FIELDS: Bank Debt Trades at 50% Discount
RUSSEL METALS: Moody's Cuts CFR to Ba3 & Alters Outlook to Neg.
S2P ACQUISITION: Bank Debt Trades at 19% Discount
SALIENT CRGT: Bank Debt Trades at 19% Discount
SALLY HOLDINGS: Bank Debt Trades at 20% Discount

SANDY CREEK: Bank Debt Trades at 27% Discount
SECURUS TECHNOLOGIES: Bank Debt Trades at 18% Discount
SECURUS TECHNOLOGIES: Bank Debt Trades at 47% Discount
SERTA SIMMONS: Bank Debt Trades at 76% Discount
SHERIDAN INVESTMENT I: Bank Debt Trades at 68% Discount

SHERIDAN PRODUCTION II-A: Bank Debt Trades at 74% Discount
SHIFT4 PAYMENTS: Bank Debt Trades at 21% Discount
SHO HOLDING: Bank Debt Trades at 21% Discount
SIMKAR LLC: Transfer of Simkar Estate to Neo Lights Unwarranted
SIRVA WORLDWIDE: Bank Debt Trades at 23% Discount

SIRVA WORLDWIDE: Bank Debt Trades at 30% Discount
SMB SHIPPING: Bank Debt Trades at 18% Discount
SMG US: Bank Debt Trades at 23% Discount
SMI ACQUISITION: Bank Debt Trades at 47% Discount
SOLARAY LLC: Bank Debt Trades at 21% Discount

SOLENIS INTERNATIONAL: Bank Debt Trades at 21% Discount
SONICWALL US: Bank Debt Trades at 20% Discount
SOUTHERN GRAPHICS: Bank Debt Trades at 46% Discount
SOUTHERN WATER: Bank Debt Trades at 18% Discount
SP PF: Bank Debt Trades at 23% Discount

SPECTRUM HOLDINGS: Bank Debt Trades at 34% Discount
SPRING EDUCATION: Bank Debt Trades at 21% Discount
STAROKONSTANTINOVSKIY MOLOCHNIY: Bank Debt Trades at 24% Discount
STIPHOUT FINANCE: Bank Debt Trades at 41% Discount
STS OPERATING: Bank Debt Trades at 19% Discount

STV GROUP: S&P Alters Outlook to Negative, Affirms 'B+' ICR
SUNDANCE ENERGY: Bank Debt Trades at 16% Discount
SUNGARD AS: Bank Debt Trades at 16% Discount
SUNGARD AS: Bank Debt Trades at 69% Discount
SUNOCO LP: Fitch Alters Outlook on 'BB' LT IDR to Negative

SUPERIOR ENERGY: Delays Filing of Reports Amid COVID-19 Pandemic
SYNIVERSE HOLDINGS: Bank Debt Trades at 61% Discount
TAILWIND SMITH: Bank Debt Trades at 22% Discount
TAILWIND SMITH: Bank Debt Trades at 23% Discount
TALBOTS INC/THE: Bank Debt Trades at 23% Discount

TEAM HEALTH: S&P Alters Outlook to Negative, Affirms 'B-' ICR
TERVITA CORP: S&P Lowers ICR to 'CCC+' on Weaker Cash Flows
TGP HOLDINGS: Bank Debt Trades at 24% Discount
TKC HOLDINGS: Bank Debt Trades at 22% Discount
TMK HAWK: Bank Debt Trades at 34% Discount

TOOJAY'S MANAGEMENT: Updated Case Summary & Unsecured Creditors
TRANSCENDIA HOLDINGS: Bank Debt Trades at 34% Discount
TRAVEL LEADERS: Bank Debt Trades at 24% Discount
TRAVERSE MIDSTREAM: Bank Debt Trades at 35% Discount
TRIBE BUYER: Bank Debt Trades at 25% Discount

TRIDENT TPI: Bank Debt Trades at 19% Discount
TRIPLE POINT: Bank Debt Trades at 34% Discount
TRITON SOLAR: Bank Debt Trades at 21% Discount
TRONOX INC: S&P Rates New $400MM Senior Secured Notes 'B+'
TRUCK HERO: Bank Debt Trades at 22% Discount

UNITED PF: Bank Debt Trades at 39% Discount
UNIVERSAL FIBER: Bank Debt Trades at 33% Discount
US FARATHANE: Bank Debt Trades at 33% Discount
US FOODS: S&P Rates New $800MM Senior Secured Notes 'BB'
US SHIPPING: Bank Debt Trades at 20% Discount

US TELEPACIFIC: Bank Debt Trades at 23% Discount
USS ULTIMATE: Bank Debt Trades at 19% Discount
UTEX INDUSTRIES: Bank Debt Trades at 68% Discount
VANTAGE SPECIALTY: Bank Debt Trades at 32% Discount
VBI VACCINES: Perceptive Life Reports 24.6% Equity Stake

VERIFONE SYSTEMS: Bank Debt Trades at 21% Discount
VERMILLION INC: Regains Compliance with Nasdaq Bid Price Rule
VETCOR PROFESSIONAL: Bank Debt Trades at 16% Discount
VIDANGEL INC: Studios' Competing Plan Lets Owners Keep Control
VINES AT TABOR: Unsecureds to Get Full Payment in Sale-Based Plan

VIP CINEMA: Bank Debt Trades at 83% Discount
VORNADO REALTY: Bank Debt Trades at 19% Discount
WALDEN PALMS: Unsecured Creditors to Get Full Payment in 1 Year
WASH MULTIFAMILY: Bank Debt Trades at 21% Discount
WATERBRIDGE MIDSTREAM: Bank Debt Trades at 35% Discount

WHEEL PROS: Bank Debt Trades at 38% Discount
WINDSTREAM SERVICES: Bank Debt Trades at 44% Discount
WINEBOW GROUP: Bank Debt Trades at 23% Discount
WINEBOW GROUP: Bank Debt Trades at 38% Discount
WIRECO WORLDGROUP: Bank Debt Trades at 22% Discount

WME IMG: Moody's Cuts CFR to B3 & Alters Outlook to Negative
WOK HOLDINGS: Bank Debt Trades at 51% Discount
WP CPP: Bank Debt Trades at 31% Discount
XPO LOGISTICS: S&P Rates New $750MM Senior Unsecured Notes 'BB-'
YAK ACCESS: Bank Debt Trades at 31% Discount

YI LLC: Bank Debt Trades at 25% Discount
YRC WORLDWIDE: Bank Debt Trades at 16% Discount
ZEP INC: Bank Debt Trades at 30% Discount
ZEP INC: Bank Debt Trades at 55% Discount
[^] BOOK REVIEW: The Sorcerer's Apprentice - Medical Miracles


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01 BH PARTNERSHIP: Disclosure Statement Hearing Continued to July 1
-------------------------------------------------------------------
On April 8, 2020, Bank of America, N.A., as servicer for Deutsche
Bank National Trust Company, as Trustee for the Harborview Mortgage
Loan Trust 2004-9, Mortgage Pass-Through Certificates, Series
2004-9 and Debtor 01 BH Partnership filed a stipulation to continue
hearings on the Debtor's chapter 11 Disclosure Statement.

On April 9, 2020, Judge Deborah J. Saltzman approved the
stipulation and ordered that:

   * The deadline for Deutsche Bank to respond to the Debtor's
Disclosure Statement and the Motion to Value is extended from April
15, 2020 to June 17, 2020.

   * The hearings on approval of the Disclosure Statement, the
Motion to Value, and the RFS Motion are continued from April 29,
2020 at 1:30 p.m. to July 1, 2020 at 1:30 p.m.

   * The status conference is continued from April 29, 2020 at 1:30
p.m. to July 1, 2020 at 1:30 p.m.

A full-text copy of the order dated April 9, 2020, is available at
https://tinyurl.com/w9mq4v2 from PacerMonitor at no charge.

Attorneys for Bank of America:

           NATHAN F. SMITH
           MALCOLM CISNEROS, A Law Corporation
           2112 Business Center Drive
           Irvine, California 92612
           Tel: (949) 252-9400
           Fax: (949) 252-1032
           E-mail: nathan@mclaw.org

                   About 01 BH Partnership

01 BH Partnership is the fee owner of a 1,087-square-foot family
residence located at 1001 N. Beverly Glen Blvd., Los Angeles. It
also owns 10 percent interests in 18 adjacent undeveloped, vacant
lots.

It previously sought bankruptcy protection (Bankr. C.D. Cal. Case
No. 18-11040) on April 25, 2018.

01 BH Partnership again sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 19-11924) on July 31,
2019. At the time of the filing, the Debtor disclosed $245,000 in
assets and $10,562,927 in liabilities.  The case is assigned to
Judge Maureen Tighe.  The Law Offices of Mark E. Goodfriend is the
Debtor's counsel.


1232743 BC: Bank Debt Trades at 34% Discount
---------------------------------------------
Participations in a syndicated loan under which 1232743 BC Ltd is a
borrower were trading in the secondary market around 66
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The $1932 million facility is a term loan.  It is scheduled to
mature on February 7, 2027.  

The Company's country of domicile is Canada.


24 HOUR FITNESS: Bank Debt Trades at 71% Discount   
----------------------------------------------------
Participations in a syndicated loan under which 24 Hour Fitness
Worldwide Inc is a borrower were trading in the secondary market
around 29 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD850 million term loan is scheduled to mature on May 31,
2025.  As of April 24, 2020, USD835 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


5BARZ INTERNATIONAL: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: 5Barz International Inc.
        78 SW 7th St., Ste. 09-149
        Miami, FL 33130

Business Description: 5Barz International Inc. is a technology
                      Company that designs, manufactures, and
                      sells a line of cellular network
                      infrastructure devices, referred to as
                      "Network Extenders", for use in the home &
                      office.

Chapter 11 Petition Date: April 30, 2020

Court: United States Bankruptcy Court
       Southern District of Florida

Case No.: 20-14866

Judge: Hon. Robert A. Mark

Debtor's Counsel: Nathan G. Mancuso, Esq.
                  MANCUSO LAW, P.A.
                  7777 Glades Rd., Suite 100
                  Boca Raton, FL 33434
                  Tel: 561-245-4705
                  E-mail: ngm@mancuso-law.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Daniel Bland, CEO.

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

                    https://is.gd/g6tTpV


7-H ENTERPRISES: Has Until July 27 to File Plan & Disclosures
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Mississippi
held a hearing to consider the joint ore tenus motion of the United
States Trustee and Debtor 7-H Enterprises, LLC, for approval of the
parties' Agreed Scheduling Order.

On April 10, 2020, Judge Katharine M. Samson ordered that:

  * The Debtor will timely file all tax returns and other required
government filings and timely pay all taxes entitled to
administrative expense priority except those being diligently
contested by appropriate proceedings.

  * The Debtor will timely pay to the United States Trustee the
appropriate sum required for each calendar quarter until such time
as the case is closed, or the case is converted or dismissed.

* The Debtor will file a disclosure statement containing adequate
information and a confirmable plan of reorganization on or before
July 27, 2020.

A full-text copy of the order dated April 10, 2020, is available at
https://tinyurl.com/u7a6nrn from PacerMonitor at no charge.  

Attorney for the Debtor:

        Al Shiyou
        Shiyou Law Firm
        P.O. Box 310
        Hattiesburg, MS 39403
        Telephone: (601) 583-6040
        E-mail: shiyou@aol.com

                      About 7-H Enterprises

7-H Enterprises, LLC, filed Chapter 11 Petition (Bankr. S.D. Miss.
Case No. 20-50162) on Jan. 29, 2020.  The Debtor's counsel is Al
Shiyou, Esq., of SHIYOU LAW FIRM.


9370-3817 QUEBEC: Bank Debt Trades at 19% Discount
--------------------------------------------------
Participations in a syndicated loan under which 9370-3817 Quebec
Inc is a borrower were trading in the secondary market around 81
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD186 million term loan is scheduled to mature on January 31,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is Canada.


99 CENTS: Bank Debt Trades at 31% Discount
------------------------------------------
Participations in a syndicated loan under which 99 Cents Only
Stores LLC is a borrower were trading in the secondary market
around 69 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD460 million PIK term loan is scheduled to mature on January
13, 2022.  As of April 24, 2020, USD449 million from the loan
remains outstanding.

The Company's country of domicile is U.S.


A NEW START: June 18 Plan Confirmation Hearing Set
--------------------------------------------------
On April 9, 2020, the U.S. Bankruptcy Court for the Southern
District of Florida, West Palm Beach Division, conducted a hearing
to consider approval of the Chapter 11 Trustee's Amended Disclosure
Statement for the Plan of Liquidation for debtor A New Start, Inc.


On April 10, 2020, Judge Erik P. Kimball approved the Disclosure
Statement and established the following dates and deadlines:

   * June 18, 2020, at 10:30 a.m. in the United States Bankruptcy
Court, Courtroom B, 8th Floor, 1515 North Flagler Drive, West Palm
Beach, Florida 33401 is the confirmation hearing and hearing on fee
applications.

   * June 4, 2020, is the last day for filing objections to
claims.

   * June 4, 2020, is the last day for filing fee applications.

   * June 11, 2020, is the last day for filing ballots accepting or
rejecting plan.

   * June 15, 2020, is the last day for filing objections to
confirmation.

A full-text copy of the order dated April 10, 2020, is available at
https://tinyurl.com/r2kllr8 from PacerMonitor at no charge.

                 About A New Start Incorporated

A New Start Incorporated -- https://anewstartincfl.com/ -- is a
treatment center in Palm Beach County, Florida, providing
outpatient treatment for substance abuse and chemical dependency
disorders in adult clients. An outpatient program allows clients to
continue working or attending school while receiving treatment and
support from the company's program and team of specialists.

A New Start Incorporated filed a voluntary Chapter 11 petition
(Bankr. S.D. Fla. Case No. 19-13294) on March 14, 2019. In the
petition signed by Eugene Sullivan, chief executive officer, the
Debtor was estimated to have $1 million to $10 million in assets
and $100,000 to $500,000 in liabilities.  Judge Erik P. Kimball
oversees the case.  

The Debtor tapped the Law Office of Angelo A. Gasparri as
bankruptcy counsel; Quintairos Prieto Wood & Boyer, P.A. as special
counsel; and Smyth and Hauck, PA as accountant.

John D. Emmanuel was appointed as the Debtor's Chapter 11 trustee.
The Trustee is represented by Buchanan Ingersoll & Rooney, P.C.


A-L PARENT LLC: Bank Debt Trades at 36% Discount
-------------------------------------------------
Participations in a syndicated loan under which A-L Parent LLC is a
borrower were trading in the secondary marke around 64
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD100 million term loan is scheduled to mature on November 22,
2024.  As of April 24, 2020, USD75 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



A-L PARENT: Bank Debt Trades at 38% Discount
--------------------------------------------
Participations in a syndicated loan under which A-L Parent LLC is a
borrower were trading in the secondary market around 62
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD862 million term loan is scheduled to mature on December 1,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


ABB CON-CISE: Bank Debt Trades at 23% Discount
----------------------------------------------
Participations in a syndicated loan under which ABB Con-Cise
Optical Group LLC is a borrower were trading in the secondary
market around 77 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD418 million term loan is scheduled to mature on June 15,
2023.  As of April 24, 2020, USD403 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


ABILITY INC: Delays Filing of Annual Report Due to COVID-19
-----------------------------------------------------------
The U.S. Securities and Exchange Commission issued an order on
March 4, 2020, under Section 36 (Release No. 34-88318) of the
Securities Exchange Act of 1934, as amended, granting exemptions
from specified provisions of the Exchange Act and certain rules
thereunder.  On March 25, 2020, the order was modified and
superseded by a new SEC order (Release No. 34-88465), which
provides conditional relief to public companies that are unable to
timely comply with their filing obligations as a result of the
novel coronavirus COVID-19 ("COVID-19") outbreak.  The SEC Order
provides that a registrant subject to the reporting requirements of
Exchange Act Sections 13(a) or 15(d), and any person required to
make any filings with respect to such registrant, is exempt from
any requirement to file or furnish material with the SEC under
Exchange Act Sections 13(a), 13(f), 14(a), 14(f), 15(d) and
Regulations 13A, 13D and 13G (except for those provisions mandating
the filing of Schedule 13D or amendments to Schedule 13D), 14A, 14C
and 15D, and Exchange Act Rules 13f-1 and 14f-1, as applicable, if
certain conditions are satisfied.

Ability Inc. has relied on the SEC Order to delay the filing of its
Annual Report on Form 20-F for the year ended Dec. 31, 2019 due to
the circumstances related to COVID-19.  In particular, the
Company's employees, legal counsel and external auditor have been
asked to work remotely and have had limited access to the Company's
headquarters during March and April 2020.  As a result, the
Company's books and records have not been easily accessible and
communication among internal financial staff and external auditors,
together with counsel, has been challenging, resulting in delay in
preparation and completion of its consolidated financial statements
and the substance of the Report, which has hindered the Company's
ability to complete its review and prepare the Report.
Notwithstanding the foregoing, the Company expects to file the
Report no later than June 15, 2020.

Ability Inc. said, "A novel strain of coronavirus, the COVID-19
virus, may adversely affect our business operations and financial
condition.

"In December 2019, an outbreak of the COVID-19 virus was reported
in Wuhan, China. On March 11, 2020, the World Health Organization
declared the COVID-19 virus a global pandemic.  This highly
contagious disease has spread to most of the countries in the world
and throughout the United States, creating a serious impact on
customers, workforces and suppliers, disrupting economies and
financial markets, and potentially leading to a world-wide economic
downturn.  It has caused a disruption of the normal operations of
many businesses, including the temporary closure or scale-back of
business operations and/or the imposition of either quarantine or
remote work or meeting requirements for employees, either by
government order or on a voluntary basis.  It may also impact the
ability of our subcontractors, partners, and suppliers to operate
and fulfill their contractual obligations, and result in an
increase in costs, delays or disruptions in performance. These
supply chain effects, and the direct effect of the virus and the
disruption on our employees and operations, may negatively impact
our financial condition and results of operations.  Our employees,
in many cases, are working remotely and using various technologies
to perform their functions. In addition, as a result of the
pandemic, we have placed a number of our non-management employees
on unpaid leave, which will impact our operations/ We might
experience delays or changes in customer demand, particularly if
customer funding priorities change.

"Both the health and economic aspects of the COVID-19 virus are
highly fluid and the future course of each is uncertain.  For these
reasons and other reasons that may come to light if the coronavirus
pandemic and associated protective or preventative measures expand,
we may experience a material adverse effect on our business
operations, revenues and financial condition; however, its ultimate
impact is highly uncertain and subject to change.

"As we disclosed in our Report on Form 6-K furnished to the SEC on
December 3, 2019 we entered into new contracts for selling our
strategic interception solutions, subject to certain approvals from
local authorities and systems acceptances.  Severe restrictions
imposed by many countries on global travel have impeded our ability
to complete the phase of the systems acceptances.  We are making
every effort to resolve this issue as soon as possible.  However,
additional hurdles beyond our control may arise in implementing
this project.

"We face risks relating to government spending and contracts with
governments and governmental agencies, including decreases in
government spending and new contracts as a result of the COVID-19
virus.

"All of our revenues to date have been generated from engagements
with various governments around the world, including national,
regional and local governmental agencies, either directly or
through resellers or integrators.  We expect that sales to
governments and governmental agencies, including through resellers
or integrators, will continue to be the primary source of our
revenues for the foreseeable future.  Slowdowns, recessions,
economic instability, political unrest, government changes, armed
conflicts, pandemics or natural disasters around the world may
cause governments and governmental agencies to delay, reduce or
even cancel planned spending, reduce the scope of or terminate
projects, even if already budgeted, or decide to change priorities
and reallocate budgets, all of which could adversely affect our
business.

"Sales to governments and governmental agencies, including through
resellers or integrators, are subject to special risks, such as
delays in funding, termination of contracts or sub-contracts at the
convenience of the government or applicable governmental agency,
reduction or modification of contracts or sub-contracts in the
event of changes in the government's policies or priorities, as a
result of budgetary constraints or for other reasons, collection
difficulties, increased or unexpected costs resulting in losses or
reduced profits under fixed price contracts, and governmental
agencies' right to audit and investigate government contractors.

"In particular, the worldwide outbreak of the COVID-19 virus has
strained government resources and caused government to reconsider
budget allocations.  In addition, governments may have to limit
additional spending due to the economic effects of actions taken to
prevent the further spread of the COVID-19 virus.  Further, the
activities of many governments have been limited due to such
action, with many of the employees of government agencies working
from outside their offices or in more limited capacity.  The
foregoing may limit our ability to obtain new contracts with
government agencies and may adversely affect our existing contracts
with government agencies, all of which may have a material adverse
effect on our financial condition and result of operations.

"In addition, the market for the solutions and products we sell is
highly dependent on the spending cycle and scope of federal, state,
local and municipal governments, as well as those of security
organizations in international markets.  We cannot assure you that
these spending cycles will materialize as we expect and that we
will be positioned to benefit from these potential opportunities.

"Furthermore, our engagements provide for customer acceptance of
our solutions with a right of return, regardless of any previous
partial acceptance.  Failure to obtain customer acceptance for the
complete solutions or if the customer exercises its right of
return, or, generally, termination of the engagement, would
generally not entitle us to reimbursement for our incurred costs
for work performed.  While such occurrences have not happened in
the past, we cannot be certain that we will not experience problems
in the future in our performance of such government engagements."

                      About Ability Inc.

Ability Inc. is the sole owner of Ability Computer & Software
Industries Ltd. "ACSI" and Ability Security Systems Ltd.
Headquartered in Tel Aviv, Israel, ACSI was founded in 1994,
offering and providing advanced interception, geolocation for
cellular and satellite communication and cyber intelligence tools
used worldwide by Security and Intelligence Agencies, Military
forces, law enforcement agencies and homeland security agencies.

Ability reported a net and comprehensive loss of $10.19 million in
2018, a net and comprehensive loss of $9.11 million in 2017, and a
net and comprehensive loss of $8.05 million in 2016.

Ziv Haft, in Tel Aviv, Israel, a BDO Member Firm, the Company's
auditor since 2015, issued a "going concern" qualification in its
report dated April 24, 2019, on the consolidated financial
statements for the year ended Dec. 31, 2019, citing that the
Company has an accumulated deficit, suffered recurring losses and
has negative operating cash flow.  Additionally, the Company is
under an investigation of the Israeli Ministry of Defense, which
ordered a suspension of certain export licenses.  These matters,
along with other reasons, raise substantial doubt about the
Company's ability to continue as a going concern.

Ability Inc. received notification from the Listing Qualifications
Department of The Nasdaq Stock Market that the Company is not in
compliance with the minimum bid price requirement set forth in
Nasdaq's Listing Rule 5550(a)(2).  In accordance with Nasdaq
Listing Rule 5810(c)(3)(A), the Company has an initial grace period
of 180 calendar days, or until Jan. 29, 2020, to regain compliance
with the minimum bid price requirement.


ACCURIDE CORP: Bank Debt Trades at 56% Discount
-----------------------------------------------
Participations in a syndicated loan under which Accuride Corp is a
borrower were trading in the secondary market around 44
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD363 million term loan is scheduled to mature on November 10,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


ADAMIS PHARMACEUTICALS: Nasdaq Extends Compliance Period to Dec. 21
-------------------------------------------------------------------
As previously reported, on April 14, 2020, Adamis Pharmaceuticals
Corporation received a letter from the Listing Qualifications
Department of The NASDAQ Capital Market notifying the Company that
it has been granted an additional 180-day compliance period or
until Oct. 5, 2020, to regain compliance with the minimum $1.00 bid
price per share requirement of Nasdaq's Marketplace Rule
5550(a)(2).  On April 21, 2020, the Company received an additional
notice from Nasdaq, which stated that, due to current market
conditions, Nasdaq has determined to toll the compliance period for
the Rule through June 30, 2020.  As a result, the new date by which
the Company has to regain compliance with the Rule is Dec. 21,
2020.

The Tolling Notice does not impact the Company's listing on The
Nasdaq Capital Market at this time.  To regain compliance, the
closing bid price of the Company's common stock must be at least
$1.00 per share for a minimum of 10 consecutive business days at
any time prior to Dec. 21, 2020.

                    About Adamis Pharmaceuticals

Adamis Pharmaceuticals Corporation --
http://www.adamispharmaceuticals.com/-- is a specialty
biopharmaceutical company primarily focused on developing and
commercializing products in various therapeutic areas, including
respiratory disease, allergy and opioid overdose.  The company's
SYMJEPI (epinephrine) Injection 0.3mg and SYMJEPI (epinephrine)
Injection 0.15mg products were approved by the FDA for use in the
emergency treatment of acute allergic reactions, including
anaphylaxis.

Adamis reported a net loss of $29.31 million for the year ended
Dec. 31, 2019, compared to a net loss of $39 million for the year
ended Dec. 31, 2018.  As of Dec. 31, 2019, the Company had $47.84
million in total assets, $11.80 million in total liabilities, and
$36.04 million in total stockholders' equity.

Mayer Hoffman McCann P.C., in San Diego, California, the Company's
auditor since 2007, issued a "going concern" qualification in its
report dated March 30, 2020 citing that the Company has incurred
recurring losses from operations and is dependent on additional
financing to fund operations.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.


ADVANTAGE SALES: $575MM Bank Debt Trades at 21% Discount
--------------------------------------------------------
Participations in a syndicated loan under which Advantage Sales &
Marketing Inc is a borrower were trading in the secondary market
around 79 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD575 million term loan is scheduled to mature on July 25,
2021.  As of April 24, 2020, USD562 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



ADVANTAGE SALES: Bank Debt Trades at 34% Discount
-------------------------------------------------
Participations in a syndicated loan under which Advantage Sales &
Marketing Inc is a borrower were trading in the secondary market
around 66 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD760 million term loan is scheduled to mature on July 25,
2022.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


AEMETIS INC: Signs New Three-Year Contracts with Top Executives
---------------------------------------------------------------
Aemetis, Inc. entered into new three-year executive employment
agreements with Eric A. McAfee, Todd Waltz, Andrew Foster, and
Sanjeev Gupta, effective Jan. 1, 2020.

Commencing as of the Effective Date, the Company will continue to
employ Mr. McAfee as chief executive officer and chairman of the
Board, reporting to the Board of Directors of the Company.  The
Company will continue to employ the Mr. Waltz as executive vice
president and chief financial officer and secretary reporting to
the chief executive officer.  The Company will continue to employ
Mr. Foster as executive vice president and chief operating officer,
reporting to the chief executive officer of the Company.  The
Company will continue to employ Mr. Gupta as executive vice
president reporting to the chief executive officer of the Company,
and president of Biofuels Marketing, Inc., a wholly owned
subsidiary of the Company reporting to the Board of Directors.

In connection with recognizing the tenure of its executives, the
Company entered into the Executive Employment Agreements with Mr.
McAfee, Mr. Waltz, Mr. Foster and Mr. Gupta providing annual
compensation of $310,000, $250,000, $230,000 and $230,000,
respectively, subject to the Company's deferred compensation
program.  Mr. McAfee is entitled to an annual cash bonus in an
amount determined by the Board of Directors based upon attainment
of certain performance milestones.  Mr. Waltz, Mr. Foster and Mr.
Gupta are each entitled to an annual cash bonus of up to $50,000
based upon attainment of certain performance milestones.  The
Company will pay up to one year of severance and health benefits in
the event any of the aforementioned executives is terminated
without "cause" or "constructively terminated" (as such terms are
defined in the respective Executive Employment Agreement).

                           About Aemetis

Headquartered in Cupertino, California, Aemetis --
http://www.aemetis.com-- is an advanced renewable fuels and
biochemicals company focused on the acquisition, development and
commercialization of innovative technologies that replace
traditional petroleum-based products by the conversion of ethanol
and biodiesel plants into advanced biorefineries.  Founded in 2006,
Aemetis owns and operates a 60 million gallon-per-year ethanol
production facility in the California Central Valley near Modesto.
Aemetis also owns and operates a 50 million gallon per year
renewable chemical and advanced fuel production facility on the
East Coast of India producing high quality distilled biodiesel and
refined glycerin for customers in India and Europe. Aemetis is
building a biogas digester, pipeline and gas cleanup project to
convert dairy waste gas into renewable natural gas, and is
developing a plant to convert waste orchard wood into cellulosic
ethanol.  Aemetis holds a portfolio of patents and related
technology licenses for the production of renewable fuels and
biochemicals.

Aemetis recorded a net loss of $39.48 million for the year ended
Dec. 31, 2019, compared to a net loss of $36.29 million for the
year ended Dec. 31, 2018.  As of Dec. 31, 2019, Aemetis had $99.90
million in total assets, $57.82 million in total current
liabilities, $196.45 million in total long-term liabilities, and a
total stockholders' deficit of $154.37 million.


AFFINION GROUP: Bank Debt Trades at 28% Discount
------------------------------------------------
Participations in a syndicated loan under which Affinion Group Inc
is a borrower were trading in the secondary market around 72
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD21 million term loan is scheduled to mature on May 10, 2022.
As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


AFFINITY GAMING: Bank Debt Trades at 23% Discount
-------------------------------------------------
Participations in a syndicated loan under which Affinity Gaming is
a borrower were trading in the secondary market around 77
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD329 million term loan is scheduled to mature on July 1,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


AFFORDABLE CARE: Bank Debt Trades at 32% Discount
-------------------------------------------------
Participations in a syndicated loan under which Affordable Care
Holding Corp is a borrower were trading in the secondary market
around 68 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD506 million term loan is scheduled to mature on October 22,
2022.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


AIRXCEL INC: Bank Debt Trades at 21% Discount
---------------------------------------------
Participations in a syndicated loan under which Airxcel Inc is a
borrower were trading in the secondary market around 79
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD370 million term loan is scheduled to mature on April 27,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



AIS HOLDCO: Bank Debt Trades at 23% Discount
--------------------------------------------
Participations in a syndicated loan under which AIS Holdco LLC is a
borrower were trading in the secondary market around 77
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD315 million term loan is scheduled to mature on August 15,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


ALLIANCE LAUNDRY: Bank Debt Trades at 25% Discount
--------------------------------------------------
Participations in a syndicated loan under which Alliance Laundry
Systems LLC is a borrower were trading in the secondary market
around 76 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD1025 million term loan is scheduled to mature on February
28, 2024.  As of April 24, 2020, the full amount has been drawn and
is outstanding.

The Company's country of domicile is U.S.


ALORICA INC: S&P Rates New Priority Term Loans 'CCC+'
-----------------------------------------------------
S&P Global Ratings assigned its 'CCC+' issue-level and '1' recovery
ratings to Irvine, Calif.-based customer service outsourcing
provider Alorica Inc.'s new $85 million delayed draw term loan and
$83 million term loan due in October 2020.

S&P also lowered its issue-level ratings on the existing senior
secured revolving credit facility and term loans to 'CCC-' from
'CCC', and revised its recovery ratings on the debt to '3' from
'2'. S&P is placing the two new issue-level ratings on CreditWatch
with negative implications, in-line with the existing issuer credit
rating. All of the other ratings remain on CreditWatch with
negative implications, where S&P initially placed them on Oct. 14,
2019."

The '1' recovery ratings on the new priority term loans reflect
S&P's expectation for very high (90%-100%; rounded estimate: 95%)
recovery in its simulated default scenario. Alorica used the
proceeds from the $83 million term loan and $85 million delayed
draw term loan (of which $25 million was initially funded) to repay
a like amount of debt under its existing senior secured credit
facilities. S&P expects Alorica to use the remaining availability
under the delayed draw term loan for ongoing liquidity needs as it
navigates business disruptions stemming from the COVID-19
pandemic.

The '3' recovery rating on the now subordinated existing senior
secured credit facility reflects S&P's expectation for meaningful
(50%-70%; rounded estimate: 60%) recovery in its simulated default
scenario. The lowering of the issue-level rating reflects the
subordination of the existing credit facility following the new
issuance, effectively resulting in its claims on the borrower and
guarantor's assets becoming second-lien.

Additionally, the issuance of the new term loans satisfies the
requirements from the April 15, 2020, amendment to the company's
existing credit agreement to extend the deadline for a $100 million
prepayment to July 10, 2020, from April 22, 2020, as well as to
waive the financial maintenance covenants requirements for the
periods ending March 31, 2020, and June 30, 2020.

"Our 'CCC-' issuer credit rating on Alorica reflects the ongoing
risk of a default on its prepayment, given its insufficient
liquidity. The CreditWatch indicates the high likelihood we will
lower our issuer credit rating and issue-level ratings to 'D' if
the company fails to address the upcoming term loan payment or
undertakes a restructuring that we would view as tantamount to a
default," S&P said.

Issue Ratings--Recovery Analysis

Key analytical factors

-- Alorica's debt capitalization consists of an $83 million
priority term loan due 2020, $85 million priority delayed draw term
loan (of which $25 million is currently drawn) due 2020, $158
million first-lien revolver due in 2021, $218 million outstanding
under its first-lien term loan A due 2021, and $256 million
outstanding under its first-lien term loan B due 2022.

-- Alorica Inc. is the borrower under all of the credit
facilities, and the facilities also benefit from guarantees from
Alorica's material domestic subsidiaries. S&P's recovery analysis
assumes that first-lien collateral represents substantially all of
emergence enterprise value.

-- S&P simulated default scenario contemplates a payment default
occurring in 2020 because of an inability to address the upcoming
required term loan prepayment.

-- S&P has valued the company on a going-concern basis using a 5x
multiple of S&P's projected emergence EBITDA. This multiple
reflects the company's existing customer relationships, the
continued demand for its services, and the asset-light nature of
its business. The 5x multiple is in line with what it uses for most
other business process outsourcing providers.

-- S&P believes that Alorica would likely be reorganized under its
default scenario, due to its established relationships with key
customers and its global physical footprint.

Simulated default assumptions

-- Year of default: 2020
-- EBITDA at emergence: $122 million
-- EBITDA multiple: 5x
-- Gross enterprise value: $609 million
-- Revolving credit facility: 85% drawn at default

Simplified waterfall

-- Net emergence enterprise value (after 5% administrative
expenses): $579 million
-- Valuation split (obligors/nonobligors): 70%/30%
-- Value available to priority debt claims: $518 million
-- Estimated priority debt claims: $176 million
-- Recovery expectations: 90%-100% (rounded estimate: 95%)
-- Value available to first-lien debt claims
(collateral/noncollateral): $342 million/$61 million
-- Estimated first-lien debt claims: $649 million
-- Recovery expectations: 50%-70% (rounded estimate: 60%)

Note: All debt amounts include six months of prepetition interest.
Collateral value equals an asset pledge from obligors after
priority claims plus an equity pledge from nonobligors after
nonobligor debt.


ALTA HOLDING: Bank Debt Trades at 16% Discount
----------------------------------------------
Participations in a syndicated loan under which Alta Holding Co LLC
is a borrower were trading in the secondary market around 84
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD19 million term loan is scheduled to mature on September 30,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


AMCP CLEAN: Bank Debt Trades at 59% Discount
--------------------------------------------
Participations in a syndicated loan under which AMCP Clean
Acquisition Co LLC is a borrower were trading in the secondary
market around 41 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD250 million term loan is scheduled to mature on July 10,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


AMERICAN AXLE: Bank Debt Trades at 19% Discount
-----------------------------------------------
Participations in a syndicated loan under which American Axle &
Manufacturing Inc is a borrower were trading in the secondary
market around 81 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD340 million termloan is scheduled to mature on July 29,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


AMERICAN GREETINGS: Bank Debt Trades at 21% Discount
----------------------------------------------------
Participations in a syndicated loan under which American Greetings
Corp is a borrower were trading in the secondary market around 79
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD470 million term loan is scheduled to mature on April 6,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



AMERICAN TELECONFERENCING: Bank Debt Trades at 42% Discount
-----------------------------------------------------------
Participations in a syndicated loan under which American
Teleconferencing Services Ltd is a borrower were trading in the
secondary market around 58 cents-on-the-dollar during the week
ended Fri., April 24, 2020, according to Bloomberg's Evaluated
Pricing service data.

The USD50 million term loan is scheduled to mature on June 6, 2022.
As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


AMERICAN TIRE: Bank Debt Trades at 31% Discount
-----------------------------------------------
Participations in a syndicated loan under which American Tire
Distributors Inc is a borrower were trading in the secondary market
around 69 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD150 million pik term loan is scheduled to mature on
September 1, 2023.  As of April 24, 2020, the full amount has been
drawn and is outstanding.

The Company's country of domicile is U.S.


ANASTASIA PARENT: Bank Debt Trades at 59% Discount
--------------------------------------------------
Participations in a syndicated loan under which Anastasia Parent
LLC is a borrower were trading in the secondary market around 41
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD650 million term loan is scheduled to mature on August 10,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


ANCHOR GLASS: Bank Debt Trades at 34% Discount
----------------------------------------------
Participations in a syndicated loan under which Anchor Glass
Container Corp is a borrower were trading in the secondary market
around 66 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD647 million term loan is scheduled to mature on December 7,
2023.  As of April 24, 2020, USD629 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


ANCHOR GLASS: Bank Debt Trades at 58% Discount
----------------------------------------------
Participations in a syndicated loan under which Anchor Glass
Container Corp is a borrower were trading in the secondary market
around 42 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD150 million term loan is scheduled to mature on December 7,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


ANICHINI HOSPITALITY: Drummond Woodsum Okayed as Counsel
--------------------------------------------------------
Anichini Hospitality, Inc. sought and obtained approval from the
U.S. Bankruptcy Court for the District of Vermont to hire Drummond
Woodsum as counsel.

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

     (a) prepare the bankruptcy petition, schedules, and statement
of financial affairs, and other documents required for filing the
Debtor's case pursuant to the Bankruptcy Code, the Federal Rules of
Bankruptcy Procedure, and this Court's local bankruptcy rules;

     (b) represent the Debtor at the meeting of creditors and
various hearings in this case;

     (c) negotiate with the Debtor's secured creditors regarding
use of cash collateral;

     (d) negotiate with the Debtor's contractual counterparties
regarding the assumption or rejection of executory contracts and
leases;

     (e) negotiate with the Debtor's creditors and other
parties-in-interest regarding a plan of reorganization;

     (f) negotiate with possible buyers of all or substantially all
of the Debtor's business;

     (g) advise the Debtor regarding issues arising in these
chapter 11 proceedings, including the Debtor's responsibilities as
debtor-in-possession;

     (h) represent the Debtor in any adversary proceedings or stay
relief litigation which may be commenced by or against the Debtor
or its assets;

     (i) review and analyze claims against the Debtor and the
proper treatment of such claims, including the filing of objections
or stipulations regarding such claims;

     (j) perform all other necessary legal services in connection
with the Debtor's chapter 11 case.

The attorneys and paraprofessionals designated to represent the
debtor-in-possession will be paid at these hourly rates:

     Jeremy R. Fischer, Attorney              $370
     Jeffrey T. Piampiano, Attorney           $360
     Kellie W. Fisher, Attorney               $300
     Samantha Hayes, Paralegal                $150

Prior to the Petition Date on March 12, 2020, the Debtor provided
Drummond Woodsum with an advance fee deposit in the amount of
$10,000, all of which was earned by and paid to the firm as the
filing of the petition, including prepaying for the filing fees in
connection with this case.

Jeremy R. Fischer, an attorney at Drummond Woodsum, disclosed in
court filings that the firm is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Jeremy R. Fischer, Esq.
     DRUMMOND WOODSUM
     84 Marginal Way, Suite 600
     Portland, ME 04101-2480
     Telephone: (207) 772-1941
     Facsimile: (207) 772-3627
     E-mail: jfischer@dwmlaw.com

                   About Anichini Hospitality

Anichini Hospitality, Inc., is a Tunbridge, Vermont-based supplier
of luxury linens and furnishings to hotels, resorts, and spas,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. Vt. Case No. 20-10090), on March 12, 2020. The petition was
signed by Susan Dollenmaier, its sole shareholder. As of the time
of filing, the Debtor had estimated assets of $500,000 to $1
million and estimated liabilities of $1 million to $10 million.
Hon. Colleen A. Brown oversees the case. The Debtor tapped Drummond
Woodsum as its counsel.



ANICHINI INC: Hires Drummond Woodsum as Counsel
-----------------------------------------------
Anichini, Inc. seeks approval from the U.S. Bankruptcy Court for
the District of Vermont to employ Drummond Woodsum as counsel.

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

     (a) prepare the bankruptcy petition, schedules, and statement
of financial affairs, and other documents required for filing the
Debtor's case pursuant to the Bankruptcy Code, the Federal Rules of
Bankruptcy Procedure, and this Court's local bankruptcy rules;

     (b) represent the Debtor at the meeting of creditors and
various hearings in this case;

     (c) negotiate with the Debtor's secured creditors regarding
use of cash collateral;

     (d) negotiate with the Debtor's contractual counterparties
regarding the assumption or rejection of executory contracts and
leases;

     (e) negotiate with the Debtor's creditors and other
parties-in-interest regarding a plan of reorganization;

     (f) negotiate with possible buyers of all or substantially all
of the Debtor's business;

     (g) advise the Debtor regarding issues arising in these
chapter 11 proceedings, including the Debtor's responsibilities as
debtor-in-possession;

     (h) represent the Debtor in any adversary proceedings or stay
relief litigation which may be commenced by or against the Debtor
or its assets;

     (i) review and analyze claims against the Debtor and the
proper treatment of such claims, including the filing of objections
or stipulations regarding such claims;

     (j) perform all other necessary legal services in connection
with the Debtor's chapter 11 case.

The attorneys and paraprofessionals designated to represent the
debtor-in-possession will be paid at these hourly rates:

     Jeremy R. Fischer, Attorney              $370
     Jeffrey T. Piampiano, Attorney           $360
     Kellie W. Fisher, Attorney               $300
     Samantha Hayes, Paralegal                $150

Prior to the Petition Date on March 12, 2020, the Debtor provided
Drummond Woodsum with an advance fee deposit in the amount of
$10,000, all of which was earned by and paid to the firm as the
filing of the petition, including prepaying for the filing fees in
connection with this case.

Jeremy R. Fischer, an attorney at Drummond Woodsum, disclosed in
court filings that the firm is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Jeremy R. Fischer, Esq.
     DRUMMOND WOODSUM
     84 Marginal Way, Suite 600
     Portland, ME 04101-2480
     Telephone: (207) 772-1941
     Facsimile: (207) 772-3627
     E-mail: jfischer@dwmlaw.com

                          About Anichini

Anichini, Inc. -- https://anichini.com -- is an American luxury
textiles company based in Tunbridge, Vermont. The company is a
manufacturer and importer of luxury linens and textiles and
produces hand made products. Anichini supplies hotels, resorts, and
spas, sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Vt. Case No. 20-10090), on March 12, 2020. The petition
was signed by Susan Dollenmaier, its sole shareholder. As of the
time of filing, the Debtor had estimated assets of $500,000 to $1
million and estimated liabilities of $1 million to $10 million.
Hon. Colleen A. Brown oversees the case. The Debtor tapped Drummond
Woodsum as its counsel.



AP GAMING I: Bank Debt Trades at 19% Discount
---------------------------------------------
Participations in a syndicated loan under which AP Gaming I LLC is
a borrower were trading in the secondary market around 82
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD539 million term loan is scheduled to mature on February 15,
2024.  As of April 24, 2020, USD531 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


APC AUTOMOTIVE: $155M Term Loan Trades at 23% Discount
------------------------------------------------------
Participations in a syndicated loan under which APC Automotive
Technologies LLC is a borrower were trading in the secondary market
around 78 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD155 million pik term loan is scheduled to mature on May 10,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


APC AUTOMOTIVE: $25M Term Loan Trades at 23% Discount
-----------------------------------------------------
Participations in a syndicated loan under which APC Automotive
Technologies LLC is a borrower were trading in the secondary market
around 78 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD25 million pik term loan is scheduled to mature on May 10,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


APC AUTOMOTIVE: Bank Debt Trades at 74% Discount
------------------------------------------------
Participations in a syndicated loan under which APC Automotive
Technologies LLC is a borrower were trading in the secondary market
around 26 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD143 million term loan is scheduled to mature on May 10,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


APEX TOOL: Bank Debt Trades at 21% Discount
-------------------------------------------
Participations in a syndicated loan under which Apex Tool Group LLC
is a borrower were trading in the secondary market around 79
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD874 million term loan is scheduled to mature on August 21,
2024.  As of April 24, 2020, USD868 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


APOLLO COMMERCIAL: Bank Debt Trades at 16% Discount
---------------------------------------------------
Participations in a syndicated loan under which Apollo Commercial
Real Estate Finance Inc is a borrower were trading in the secondary
market around 84 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD500 million term loan is scheduled to mature on May 15,
2026.  As of April 24, 2020, USD488 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


APPLOVIN CORP: Moody's Rates $250MM Incremental Term Loan 'B1'
--------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to AppLovin
Corporation's proposed $250 million incremental term loan B. Net
proceeds from the transaction will be used primarily to fund
acquisitions and reduce revolver borrowings. All other ratings,
including AppLovin's B1 CFR, and the stable outlook are unchanged.

Rating assignment:

Gtd senior secured incremental 1st lien term loan due 2025 --
Assigned B1 (LGD3)

RATINGS RATIONALE

AppLovin's proposed incremental term loan will increase total
outstanding senior secured term loan debt to roughly $1.46 billion,
all of which matures in August 2025. Net proceeds from the add-on
facility and a portion of balance sheet cash will be applied to
fund two acquisitions - Project Billions (closing expected in May)
and Redemption Games (closed April 6) -- as well as repay all
advances under the fully drawn $50 million revolver. Despite the
increase in pro forma adjusted debt to EBITDA to roughly 4.7x (or
less than 4.4x excluding earnouts due within 12 months and are
readily covered by more than $350 million of cash balances), there
is no immediate impact to AppLovin's B1 Corporate Family Rating or
the stable outlook. Moody's expects continued organic revenue and
profit growth as well as near term funding of deferred acquisition
costs will bring adjusted leverage below Moody's 4.5x downgrade
trigger by the end of 2020 with adjusted EBITDA margins remaining
above 20% and capital expenditures of less than 2% of revenues.

Moody's expects AppLovin's overall top line and EBITDA to continue
growing in the double-digit percentage range supported by
acquisitions. To date, AppLovin's operating performance, including
organic revenue growth, has demonstrated resilience to the impact
of COVID-19 and is supported by users spending more time online as
a result of social distancing. After acquiring over ten game
studios, AppLovin has amassed a diversified portfolio of more than
65 mobile games with 28 million daily average users targeting the
casual gamer.

Moody's expects liquidity to be very good over the next 12 months,
absent additional acquisitions, with balance sheet cash exceeding
$350 million post-closing of the transaction and full availability
under the $50 million revolver due 2023. Moody's expects the
company to report current deferred acquisition cost liabilities of
just under $110 million as of December 2019, and funding of these
current liabililites will contribute to a reduction in cash
balances over the next 12 months.

Governance risks are a key consideration given AppLovin's debt
financed acquisition strategy and minority ownership by financial
sponsors. Founders and other shareholders control 51% of the
company leaving KKR with roughly 33% and Orient Hontai Capital with
16% (AppLovin's CEO/founder has the right to vote all shares of
Orient Hontai Capital). AppLovin has five voting board members; two
are company executives, two are KKR directors, and one is an
independent director. The CEO has the ability to appoint two
additional directors with the approval of KKR, not to be
unreasonably withheld. Social risks are another key consideration
reflecting consumer privacy concerns and enforcement of General
Data Protection Regulation in Europe since mid-2018, as well as
enforcement or pending adoption of similar rules by additional
countries in Asia, Eastern Europe, and Latin America. In the U.S.,
four states, including California, passed privacy legislation that
went into effect in 2019 or will do so by the end of 2020, and
additional states are considering privacy legislation. Social risks
for AppLovin are mitigated by its current practice to not sell or
share data with third parties.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The stable outlook incorporates Moody's expectations for continued
organic revenue growth and that acquisitions will be funded
primarily with excess cash, with any potential debt issuances
managed within the B1 rating. Moody's expects the majority of free
cash flow will be applied to debt balances, in the absence of
acquisitions, and that the founders and other shareholders will
retain their majority ownership in the company with KKR and other
financial investors remaining as minority shareholders.

Ratings could be upgraded if solid revenue and profit growth lead
to adjusted debt to EBITDA being sustained at roughly 3 times, and
AppLovin demonstrates a commitment to conservative financial
policies. Liquidity would also need to be very good with growing
cash balances, good conversion of EBITDA to free cash flow, and
adjusted free cash flow to debt consistently above 15%. Ratings
could be downgraded if Moody's expects adjusted debt to EBITDA will
be sustained above 4.5x due to underperformance or debt financed
distributions or acquisitions. Ratings could also be downgraded if
liquidity deteriorates indicated by working capital requirements
becoming a meaningful use of cash, limited cash balances or
revolver availability, or adjusted free cash flow to debt being
sustained in the mid-single digit percentage range. There would be
downward pressure on ratings if organic revenue growth slows
consistently below the mid-single digit percentage range reflecting
underperformance related to execution or competitive pressures. In
addition, an increase in combined ownership of AppLovin by KKR or
other financial sponsors to greater than 50% could pressure the
ratings.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.

AppLovin Corporation, founded in 2011 with headquarters in Palo
Alto, CA, is a leader in the mobile game industry. In addition to
having acquired over ten mobile game development studios since the
beginning of 2018, the company provides proprietary cloud-first
tools to match buyers and sellers of mobile advertising via
auctions. Absent additional acquisitions, Moody's expects revenues
to approach $1.2 billion over the next 12 months.


APR OPERATING: Bank Debt Trades at 32% Discount
-----------------------------------------------
Participations in a syndicated loan under which APR Operating LLC
is a borrower were trading in the secondary market around 68
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD250 million term loan is scheduled to mature on May 25,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


AQ CARVER: Bank Debt Trades at 27% Discount
--------------------------------------------
Participations in a syndicated loan under which AQ Carver Buyer Inc
is a borrower were trading in the secondary market around 73
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The $325 million facility is a term loan.  It is scheduled to
mature on September 24, 2025.  

The Company's country of domicile is U.S.



ARBOR PHARMACEUTICALS: Bank Debt Trades at 27% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Arbor
Pharmaceuticals LLC is a borrower were trading in the secondary
market around 73 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD500 million term loan is scheduled to mature on July 5,
2023.  As of April 24, 2020, USD484 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


ARRAY CANADA: Bank Debt Trades at 48% Discount
----------------------------------------------
Participations in a syndicated loan under which Array Canada Inc is
a borrower were trading in the secondary market around 52
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD315 million term loan is scheduled to mature on February 9,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is Canada.


ARRAY CANADA: Moody's Cuts CFR to Caa1, Outlook Negative
--------------------------------------------------------
Moody's Investors Service has downgraded Array Canada Inc.'s
corporate family rating to Caa1 from B3, probability of default
rating to Caa1-PD from B3-PD, and senior secured bank credit
facility to Caa1 from B3. The outlook remains negative.

"The downgrade reflects its expectation that the large-scale
closure of retail operations due to the coronavirus will result in
a sharp decline in spending from Array's key cosmetic industry
customers, leading to declining EBITDA in 2020 and very high
financial leverage over the next 12 months" said Moody's Analyst
Jonathan Reid.

Downgrades:

Issuer: Array Canada Inc.

Corporate Family Rating, Downgraded to Caa1 from B3

Probability of Default Rating, Downgraded to Caa1-PD from B3-PD

Senior Secured Revolving Credit Facility, Downgraded to Caa1 (LGD3)
from B3 (LGD3)

Senior Secured First Lien Term Loan, Downgraded to Caa1 (LGD3) from
B3 (LGD3)

Outlook Actions:

Issuer: Array Canada Inc.

Outlook, Remains Negative

RATINGS RATIONALE

Array's Caa1 CFR is constrained by: (1) the company's small scale
and concentration risks stemming from its primary focus on the
cosmetics industry; (2) high financial leverage expected through
2021, which increases the likelihood of debt restructuring prior to
its credit facility maturing in February 2022; and (3) aggressive
financial policies as a result of private equity ownership. The
company's credit profile benefits from: (1) its good market
position and long-standing relationships with key customers in the
cosmetics industry; (2) it's good geographic diversity with
operations in North America, Europe and Asia; and (3) its adequate
level of liquidity.

Moody's expects Array's revenues and EBITDA will improve in 2021,
however visibility remains low. The company's financial leverage
will remain elevated over the next 12-18 months (around 13x in 2020
declining towards 10x in 2021), which increases the risk that the
company will restructure its debt prior to its credit facility
maturing in February 2022.

The company's US$55 million revolver and US$315 million term loan
are rated Caa1, in-line with the CFR, as they make up the bulk of
Array's debt capital structure.

Array has adequate liquidity. The company's sources of liquidity
are around $60 million over the next four quarters versus mandatory
debt repayments of around $8 million over the same period. Array's
sources include cash of around $45 million and the availability of
a $15 million delayed draw term loan that it can access under its
receivables credit facility subject to certain limitations. The
company is fully drawn under its $55 million revolving credit
facility due in February 2022. Moody's projects Array will generate
modest negative free cash flow over the next four quarters which
the company will be able to cover with the current level of cash it
has on hand. The revolving credit facility has a springing net
leverage covenant which Moody's expects will be active as a result
of the company fully drawing on its credit facility, and there is a
high likelihood the covenant will be breached by mid 2020. Array
has limited ability to generate liquidity from asset sales.

The negative outlook reflects the potential that Array's revenue
and EBITDA could experience greater declines than currently
forecast putting increased pressure on its credit metrics and
liquidity profile.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Array's ratings could be downgraded if its liquidity position
deteriorates further as a result of sustained negative free cash
flow generation or cash distributions to its PE sponsors, or if the
risk of default or distressed exchanges were to increase.

While an upgrade is unlikely at this time given the negative
outlook, the company's ratings could be upgraded if its liquidity
profile improved materially as a result of sequential positive free
cash flow generation, or if it experienced sequential growth in
EBITDA in an improving industry environment.

Array is exposed to social risks relating to the shift away from
in-store sales and marketing towards online sales and marketing. As
consumers increasingly move towards online purchases, it could
reduce the need for physical cosmetic displays. The company is
exposed to governance risk through its private equity ownership and
limited disclosure of financial data. The company's private equity
ownership has led to more aggressive financial policies and higher
financial leverage, as illustrated by the debt financed dividend
paid to ownership in 2017. Financial disclosures are limited, which
reduces the forward visibility of the company's operations.

The rapid and widening spread of the coronavirus outbreak,
deteriorating global economic outlook, falling oil prices, and
asset price declines are creating a severe and extensive credit
shock across many sectors, regions and markets. The combined credit
effects of these developments are unprecedented. The consumer
durables sector has been one of the sectors most significantly
affected by the shock given its sensitivity to consumer demand and
sentiment. More specifically, the weaknesses in Array's credit
profile, including its exposure to the decreased demand for
discretionary consumer products have left it vulnerable to shifts
in market sentiment in these unprecedented operating conditions and
Array remains vulnerable to the outbreak continuing to spread.
Moody's regards the coronavirus outbreak as a social risk under its
ESG framework, given the substantial implications for public health
and safety. Its action reflects the impact on Array of the breadth
and severity of the shock, and the broad deterioration in credit
quality it has triggered.

The principal methodology used in these ratings was Consumer
Durables Industry published in April 2017.

Array Canada Inc., headquartered in Toronto, Ontario, is a
designer, manufacturer and distributor of displays and fixtures to
prestige cosmetics brands and retailers. The company is
majority-owned by The Carlyle Group.


ASP CHROMAFLO: Bank Debt Trades at 22% Discount
-----------------------------------------------
Participations in a syndicated loan under which ASP Chromaflo
Intermediate Holdings Inc is a borrower were trading in the
secondary market around 78 cents-on-the-dollar during the week
ended Fri., April 24, 2020, according to Bloomberg's Evaluated
Pricing service data.

The USD120 million term loan is scheduled to mature on November 18,
2024.  As of April 24, 2020, USD61 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


ASP MCS: Bank Debt Trades at 57% Discount
-----------------------------------------
Participations in a syndicated loan under which ASP MCS Acquisition
Corp is a borrower were trading in the secondary market around 43
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD445 million term loan is scheduled to mature on May 18,
2024.  As of April 24, 2020, USD434 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


ASP UNIFRAX: Bank Debt Trades at 24% Discount
---------------------------------------------
Participations in a syndicated loan under which ASP Unifrax
Holdings Inc is a borrower were trading in the secondary market
around 76 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD700 million term loan is scheduled to mature on December 14,
2025.  As of April 24, 2020, USD690 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


ASP UNIFRAX: Bank Debt Trades at 33% Discount
---------------------------------------------
Participations in a syndicated loan under which ASP Unifrax
Holdings Inc is a borrower were trading in the secondary market
around 68 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD250 million term loan is scheduled to mature on December 14,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


ASPECT SOFTWARE: Bank Debt Trades at 20% Discount
-------------------------------------------------
Participations in a syndicated loan under which Aspect Software Inc
is a borrower were trading in the secondary market around 80
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD305 million term loan is scheduled to mature on January 15,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



ASPEN GEN: Bank Debt Trades at 16% Discount
-------------------------------------------
Participations in a syndicated loan under which Aspen Gen Funding
LLC is a borrower were trading in the secondary market around 84
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD338 million term loan is scheduled to mature on September
27, 2024.  As of April 24, 2020, the full amount has been drawn and
is outstanding.

The Company's country of domicile is U.S.


AT HOME: Bank Debt Trades at 29% Discount
------------------------------------------
Participations in a syndicated loan under which At Home Holding III
Inc is a borrower were trading in the secondary market around 72
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The $350 million term loan is scheduled to mature on June 3, 2022.
As of April 24, 2020, USD287 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



ATI HOLDINGS: Bank Debt Trades at 18% Discount
----------------------------------------------
Participations in a syndicated loan under which ATI Holdings
Acquisition Inc is a borrower were trading in the secondary market
around 82 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD768 million term loan is scheduled to mature on May 10,
2023.  As of April 24, 2020, USD747 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


AUTOKINITON US: Bank Debt Trades at 20% Discount
-------------------------------------------------
Participations in a syndicated loan under which Autokiniton US
Holdings Inc is a borrower were trading in the secondary market
around 80 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The $250 million term loan is scheduled to mature on May 22, 2025.
As of April 24, 2020, $247 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



AVSC HOLDING: Bank Debt Trades at 33% Discount
----------------------------------------------
Participations in a syndicated loan under which AVSC Holding Corp
is a borrower were trading in the secondary market around 67
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD515 million term loan is scheduled to mature on October 15,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


AVSC HOLDING: Bank Debt Trades at 36% Discount
----------------------------------------------
Participations in a syndicated loan under which AVSC Holding Corp
is a borrower were trading in the secondary market around 64
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD210 million term loan is scheduled to mature on September 1,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


AWAZE LTD: Bank Debt Trades at 30% Discount
--------------------------------------------
Participations in a syndicated loan under which Awaze Ltd is a
borrower were trading in the secondary market around 70
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The EUR130 million facility is a term loan.  It is scheduled to
mature on May 9, 2025.  

The Company's country of domicile is U.S.


AWAZE LTD: Bank Debt Trades at 48% Discount
-------------------------------------------
Participations in a syndicated loan under which Awaze Ltd is a
borrower were trading in the secondary market around 52
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The EUR167 million term loan is scheduled to mature on May 9, 2026.
As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


BADGER FINANCE: Bank Debt Trades at 25% Discount
-------------------------------------------------
Participations in a syndicated loan under which Badger Finance LLC
is a borrower were trading in the secondary market around 75
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD269 million term loan is scheduled to mature on September
28, 2024.  As of April 24, 2020, USD264 million from the loan
remains outstanding.

The Company's country of domicile is U.S.


BANTEC INC: Secures $60,000 Loan from Geneva Roth Remark
--------------------------------------------------------
Bantec, Inc. entered into a convertible promissory note with Geneva
Roth Remark Holdings, Inc. in the principal amount of $60,000.  The
April 20, 2020 Note carries interest at the rate of 10%, matures on
April 20, 2021, and is convertible into shares of the Company's
common stock, par value $0.0001, at the Lender's election, after
180 days, at a 42% discount, provided that the Lender may not own
greater than 4.99% of the Company's common stock at any time.

                         About Bantec

Bantec, Inc., f/k/a Bantek, Inc., is an Unmanned Aerial Vehicles
(UAV) and related services and technology company that intends to
engage in, testing and distribution, of advanced low altitude UAV
systems, services and products.  Bantec, Inc. also provides product
procurement, distribution, and logistics services through its
wholly-owned subsidiary, Howco Distributing Co., to the United
States Department of Defense and Defense Logistics Agency. The
Company has operations Vancouver, Washington.  The Company
continues to seek strategic acquisitions and partnerships with UAV
firms that offer superior technologies in high-growth markets, as
well as acquisitions and partnerships with firms that have
complementary technologies and infrastructure.

As of Dec. 31, 2019, the Company had $1.01 million in total assets,
$16.45 million in total liabilities, and a total stockholders'
deficit of $15.44 million.

Salberg & Company, P.A., in Boca Raton, Florida, the Company's
auditor since 2017, issued a "going concern" qualification in its
report dated Feb. 6, 2020 citing that the Company has a net loss
and cash used in operations of $7,115,159 and $1,105,330,
respectively, for the year ended Sept. 30, 2019 and has a working
capital deficit, stockholders' deficit and accumulated deficit of
$13,632,338, $14,895,354 and $26,746,451 respectively, at Sept. 30,
2019.  The Company is also in default on certain promissory notes.
These matters raise substantial doubt about the Company's ability
to continue as a going concern.


BARBRI INC: Bank Debt Trades at 20% Discount
--------------------------------------------
Participations in a syndicated loan under which Barbri Inc is a
borrower were trading in the secondary market around 80
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD185 million term loan is scheduled to mature on December 1,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


BCP RAPTOR: Bank Debt Trades at 51% Discount
--------------------------------------------
Participations in a syndicated loan under which BCP Raptor II LLC
is a borrower were trading in the secondary market around 49
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD690 million term loan is scheduled to mature on November 3,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


BCPE ROVER: Bank Debt Trades at 31% Discount
--------------------------------------------
Participations in a syndicated loan under which BCPE Rover Merger
Sub Inc is a borrower were trading in the secondary market around
69 cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD260 million term loan is scheduled to mature on December 31,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


BEP ULTERRA: Bank Debt Trades at 28% Discount
---------------------------------------------
Participations in a syndicated loan under which BEP Ulterra
Holdings Inc is a borrower were trading in the secondary market
around 72 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD415 million term loan is scheduled to mature on November 26,
2025.  As of April 24, 2020, USD410 million from the loan remains
outstanding.

The Company's country of domicile is U.S.  


BIOPHARMX CORP: To Hold its Special Stockholders' Meeting Virtually
-------------------------------------------------------------------
BioPharmX Corporation's special stockholders' meeting to consider
and vote on the proposed merger of BioPharmX with Timber
Pharmaceuticals LLC and related matters has been changed.  The
meeting will now be held on Wednesday, May 13, 2020 at 10:00 a.m.
eastern time.

Further, due to the COVID-19 pandemic, BioPharmX has determined
that for the health and well-being of its stockholders, BioPharmX's
special meeting of stockholders to consider and vote upon the
proposed merger and related matters will be a virtual meeting
conducted exclusively via live audiocast at
https://www.viewproxy.com/BioPharmXCorp/2020.  There will not be a
physical location for the special meeting, and stockholders will
not be able to attend the meeting in person.

On Feb. 20, 2020, BioPharmX filed a Registration Statement on Form
S-4 with the U.S. Securities and Exchange Commission containing a
prospectus and a proxy statement of BioPharmX concerning the
proposed merger between BioPharmX and Timber.  The registration
statement was declared effective by the SEC on March 30, 2020 and
the proxy statement describing the merger and related matters was
mailed to BioPharmX stockholders on or about April 6, 2020.
Subsequently, on April 27, 2020, BioPharmX filed a supplement to
its proxy statement describing certain changes to the terms of the
merger and related matters from that described in the original
proxy statement.  The supplement is expected to be mailed to
BioPharmX stockholders on or about April 28, 2020 and the special
stockholders meeting of BioPharmX to consider and vote upon the
merger and the related matters described in the proxy statement and
the supplement is now scheduled to be held on Wednesday, May 13,
2020 at 10:00 a.m. eastern time.

The proxy statement/prospectus, the supplement, and any other
documents filed by BioPharmX with the SEC, may be obtained free of
charge at the SEC website at www.sec.gov.  In addition, investors
and security holders may obtain free copies of the documents filed
with the SEC by BioPharmX by directing a written request to:
BioPharmX Corporation, 900 E. Hamilton Avenue, Suite 100, Campbell,
CA 95008 or by downloading the materials from the Investor Page of
the BioPharmX website, www.BioPharmX.com. BioPharmX security
holders are urged to read the proxy statement/prospectus and the
supplement before making any voting or investment decision with
respect to the proposed merger.

                        About BioPharmX

Headquartered in San Jose, California, BioPharmX is a specialty
pharmaceutical company focused on developing prescription products
utilizing its proprietary HyantX Topical Delivery System for
dermatology indications.

BioPharmX recorded a net loss and comprehensive loss of $9.69
million for the year ended Jan. 31, 2020, compared to a net loss
and comprehensive loss of $17.26 million for the year ended Jan.
31, 2019.  As of Jan. 31, 2020, the Company had $2.13 million in
total assets, $2.47 million in total liabilities, and a total
stockholders' deficit of $339,000.

BPM LLP, in San Jose, California, the Company's auditor since 2014,
issued a "going concern" qualification in its report dated March
23, 2020 citing that the Company's recurring losses from
operations, available cash and accumulated deficit raise
substantial doubt about its ability to continue as a going concern.


BIOPLAN USA: Bank Debt Trades at 49% Discount
----------------------------------------------
Participations in a syndicated loan under which Bioplan USA Inc is
a borrower were trading in the secondary market around 51
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The $283 million term loan is scheduled to mature on September 23,
2021.  As of April 24, 2020, $248 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



BIOVENTUS LLC: Bank Debt Trades at 16% Discount
-----------------------------------------------
Participations in a syndicated loan under which Bioventus LLC is a
borrower were trading in the secondary market around 84
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD200 million term loan is scheduled to mature on December 6,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


BLUE RIBBON: Bank Debt Trades at 31% Discount
---------------------------------------------
Participations in a syndicated loan under which Blue Ribbon LLC is
a borrower were trading in the secondary market around 69
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD495 million term loan is scheduled to mature on November 13,
2021.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


BOJANGLES' INC: Bank Debt Trades at 34% Discount
------------------------------------------------
Participations in a syndicated loan under which Bojangles' Inc is a
borrower were trading in the secondary market around 66
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD75 million term loan is scheduled to mature on January 28,
2027.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


BRIGHT MOUNTAIN: Obtains $465K PPP Loan from Regions Bank
---------------------------------------------------------
Bright Mountain Media, Inc. received on April 24, 2020 loan
proceeds of $464,800 under the Paycheck Protection Program.  The
PPP was established under the Coronavirus Aid, Relief, and Economic
Security Act (the "CARES Act") and is administered by the U.S.
Small Business Administration.  The PPP Loan is evidenced by a
promissory note with Regions Bank and has a two-year term and bears
interest at a rate of 1.0% per annum.  Monthly principal and
interest payments are deferred for six months after the date of
disbursement.  The PPP Loan may be prepaid at any time prior to
maturity with no prepayment penalties.  The Promissory Note
contains customary events of default provisions.  Under the terms
of the CARES Act, PPP Loan recipients can apply for and be granted
forgiveness for all or a portion of loans granted under the PPP.
Such forgiveness will be determined, subject to limitations, based
on the use of loan proceeds for payroll costs, and rent or utility
costs over the eight-week period following receipt of the loan
proceeds.  No assurance is provided that the Company will obtain
forgiveness of the PPP Loan in whole or in part.

                       About Bright Mountain

Based in Boca Raton, Fla., Bright Mountain Media, Inc. --
http://www.brightmountainmedia.com-- is a digital media holding
company whose primary focus is connecting brands with consumers as
a full advertising services platform.  Bright Mountain Media's
assets include an ad network, an ad exchange platform and 24
websites which are customized to provide its niche users, including
active, reserve and retired military, law enforcement, first
responders and other public safety employees with products,
information and news that the Company believes may be of interest
to them.

Bright Mountain reported a net loss attributable to common
shareholders of $5.33 million for the year ended Dec. 31, 2018,
compared to a net loss attributable to common shareholders of $3.01
million for the year ended Dec. 31, 2017.  As of Sept. 30, 2019,
Bright Mountain had $28.36 million in total assets, $7.23 million
in total liabilities, and $21.13 million in total shareholders'
equity.

EisnerAmper LLP, in Iselin, New Jersey, the Company's auditor since
2018, issued a "going concern" qualification in its report dated
April 12, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, stating that the Company has
experienced recurring net losses, cash outflows from operating
activities, and has an accumulated deficit that raise substantial
doubt about its ability to continue as a going concern.


BROWNLEE FARM: June 23 Plan Confirmation Hearing Set
----------------------------------------------------
On March 25, 2020, debtor Brownlee Farm Center, Inc., filed with
the U.S. Bankruptcy Court for the Middle District of Georgia an
Amended Disclosure Statement referring to a Plan.

On April 9, 2020, Judge John T. Laney, III approved the Disclosure
Statement and established the following dates and deadlines:

  * June 15, 2020, is fixed as the last day to file all Ballots
accepting or rejecting the Plan.

  * June 15, 2020, is fixed as the last day to file any objection
to confirmation of the Plan.

  * June 23, 2020 at 10:30 a.m. in the U.S. Bankruptcy Courthouse
and Post Office, 401 North Patterson Street, in Valdosta, Georgia
31601 is the hearing for the consideration of confirmation of the
Plan and any objections to confirmation of the Plan.

A full-text copy of the order dated April 9, 2020, is available at
https://tinyurl.com/yx652lj8 from PacerMonitor at no charge.

                      About Brownlee Farm

Brownlee Farm Center, Inc. and Gypsum Supply Company, Inc., buy and
sell various agricultural products, principally gypsum and
fertilizer, from and to dealers in Georgia, Florida, and Alabama.
They are also engaged in the building rental business.  

Brownlee Farm Center and Gypsum Supply filed voluntary Chapter 11
petitions (Bankr. M.D. Ga. Lead Case No. 18-71300) on Oct. 29,
2018.  At the time of the filing, each Debtor had estimated assets
of less than $1 million and liabilities of between $1 million and
$10 million.   

Ward Stone, Jr., Esq., at Stone & Baxter, LLP, represents the
Debtors.


BULLDOG PURCHASER: Bank Debt Trades at 32% Discount
---------------------------------------------------
Participations in a syndicated loan under which Bulldog Purchaser
Inc is a borrower were trading in the secondary market around 68
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD125 million term loan is scheduled to mature on September 5,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


BW NHHC: Bank Debt Trades at 38% Discount
-----------------------------------------
Participations in a syndicated loan under which BW NHHC Holdco Inc
is a borrower were trading in the secondary market around 62
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD660 million term loan is scheduled to mature on May 15,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


BW NHHC: Bank Debt Trades at 43% Discount
-----------------------------------------
Participations in a syndicated loan under which BW NHHC Holdco Inc
is a borrower were trading in the secondary market around 57
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD185 million term loan is scheduled to mature on November 15,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


BYRDLAND PROPERTIES: Taps Conroy Baran as Bankruptcy Counsel
------------------------------------------------------------
Byrdland Properties, LLC seeks approval from the U.S. Bankruptcy
Court for the Western District of Missouri to hire Mann Conroy,
LLC, dba Conroy Baran, as its counsel.

Conroy Baran has been selected for its experience in bankruptcy
matters of this character and its familiarity with Byrdland
Properties, its finances and business operations, local law, and
local practice.

Conroy Baran was retained by Byrdland Properties, on or about
December 16, 2019, to assist the Debtor in exploring reorganization
through a Chapter 11 bankruptcy case and, if advisable, to file a
Chapter 11 bankruptcy case in the Bankruptcy Court for the Western
District of Missouri, at an hourly rate of $95 to $275 per hour.
For these services, Debtor provided Conroy Baran with a retainer of
$20,000 from Debtor's own funds. As of March 12, 2019, Conroy Baran
was paid $10,429 from the retainer, leaving $9,571 in Conroy
Baran's Trust Account.

On or about December 30, 2019, the Debtor also provided Conroy
Baran $1,717 to hold in its trust account for the sole purpose of
paying the filing fee for the above-captioned case.

Conroy Baran attests the firm does not represent any interest
materially adverse to the Debtor or the Debtor's estate on the
matters upon which it is to be engaged and its employment would be
in the best interest of the Debtor's bankruptcy estate. The firm
shall remain cognizant of potential conflicts of interest. If any
such conflicts arise, Conroy Baran proposes that it seek special
conflicts counsel under 11 U.S.C. Section 327, or, if applicable
and appropriate, seek assistance from counsel for the unsecured
creditors' committee, if one is appointed.

Conroy Baran understands that there is a continuing duty to
disclose any subsequently discovered adverse interest or
connections.

Robert S. Baran and Larry A. Pittman, attorneys at Conroy Baran,
disclosed in court filings that the firm is a "disinterested
person" within the meaning of Section 101(14) and as required by
Section 327(a) of the Bankruptcy Code.

A hearing to consider approval of the request has been rescheduled
for May 26, 2020.

The firm can be reached through:

     Robert S. Baran, Esq.
     Larry A. Pittman II, Esq.
     Mann Conroy, LLC
     1316 Saint Louis Ave., 2nd Floor
     Kansas City, Missouri 64101
     Tel: (816) 210-9680
          (816) 616-5009
     Fax: (816) 817-6023
     E-mail: rbaran@conroybaran.com
             lpittman@conroybaran.com

                      About Byrdland Properties

Byrdland Properties, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Mo. Case No. 20-40571) on March 12,
2020. At the time of the filing, Debtor was estimated to have
assets of less than $50,000 and liabilities of less than $50,000.
Judge Brian T. Fenimore oversees the case.  Mann Conroy, LLC is
Debtor's legal counsel.


C&D TECHNOLOGIES: Bank Debt Trades at 23% Discount
--------------------------------------------------
Participations in a syndicated loan under which C&D Technologies
Inc is a borrower were trading in the secondary market around 77
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD400 million term loan is scheduled to mature on December 20,
2025.  As of April 24, 2020, USD395 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


CAESARS RESORT: Bank Debt Trades at 17% Discount
-------------------------------------------------
Participations in a syndicated loan under which Caesars Resort
Collection LLC is a borrower were trading in the secondary market
around 83 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD4,700 million term loan is scheduled to mature on December
22, 2024.  As of April 24, 2020, USD4,594 million from the loan
remains outstanding.

The Company's country of domicile is U.S.



CALCEUS ACQUISITION: Bank Debt Trades at 18% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Calceus Acquisition
Inc is a borrower were trading in the secondary market around 83
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The $290 million term loan is scheduled to mature on February 12,
2025.  As of April 24, 2020, $283 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


CALIFORNIA PIZZA: Bank Debt Trades at 61% Discount
--------------------------------------------------
Participations in a syndicated loan under which California Pizza
Kitchen Inc is a borrower were trading in the secondary market
around 39 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD290 million term loan is scheduled to mature on August 23,
2022.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


CALIFORNIA RESOURCES: Bank Debt Trades at 75% Discount
------------------------------------------------------
Participations in a syndicated loan under which California
Resources Corp is a borrower were trading in the secondary market
around 25 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD1300 million term loan is scheduled to mature on December
31, 2022.  As of April 24, 2020, the full amount has been drawn and
is outstanding.

The Company's country of domicile is U.S.


CAMPBELL & SON: May 1 Disclosure Statement Hearing Set
------------------------------------------------------
On April 9, 2020, debtor Campbell & Son, LLC filed with the U.S.
Bankruptcy Court for the District of Montana a Disclosure Statement
and Chapter 11 Plan.

On April 10, 2020, Judge Benjamin P. Hursh ordered that:

    * May 1, 2020, at 9:00 a.m. in the Chief Mountain Courtroom,
3rd Floor, Missouri River Courthouse, 125 Central Avenue West,
Great Falls, Montana is the hearing to consider the approval of the
disclosure statement.

    * April 27, 2020, is fixed as the last day for filing and
serving written objections to the disclosure statement.

A full-text copy of the order dated April 10, 2020, is available at
https://tinyurl.com/vaf8nzl from PacerMonitor at no charge.

The Debtor is represented by:

         GARY S. DESCHENES
         DESCHENES & ASSOCIATES
         P.O. BOX 3466
         GREAT FALLS, MT 59403-3466

                      About Campbell & Son

Based in Conrad, Montana, Campbell & Son, LLC, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Mont. Case No.
19-61222) on Dec. 11, 2019, listing under $1 million in both assets
and liabilities.  Gary S. Deschenes, Esq., at Deschenes &
Associates, is the Debtor's legal counsel.


CAMPBELL & SON: Recovery for Unsecured to Depend on Building Sale
-----------------------------------------------------------------
Debtor Campbell & Son, LLC, filed with the U.S. Bankruptcy Court
for the District of Montana a Plan of Liquidation and a Disclosure
Statement on April 9, 2020.

The Debtor's primary objective is to sell the property, which
consists of three lots containing two commercial buildings located
at 402 South Main Street, Conrad, Pondera County, Montana.
However, if a sale cannot be made within a reasonable time, the
Debtor may consider leasing the property with the condition that
the property must remain listed for sale and the lessors may have
first right to purchase the property if they are interested.  The
Debtor intends on selling this property to pay for the obligations
in bankruptcy as there is considerable equity in this property.

Class I is the secured, impaired and undisputed claim of the
National Loan Acquisitions of $123,577.  This creditor is secured
on the Debtor's real estate and is owed approximately $123,577.
Interest will accrue from the confirmation date at a rate of 4
percent per annum.  The collateral will be listed for sale until
April 15, 2022.  In the event the property is not sold by April 15,
2022, the Debtor will hire an auctioneer agreeable to the secured
creditor and auction the property in accordance with their
guidelines.  The auction will take place no later than July 1,
2022.  The Debtor shall make no payments during this time period.

Class II is the secured, impaired and undisputed of Pondera County
Treasurer of $5,386.  This creditor is secured on Debtor's real
property.  This obligation will be paid in full from the sale of
the property.  The Debtor shall make no payments during this time
period.

Class III Unsecured Claims are impaired.  The building will be
listed for sale through April 15, 2022. In the event the building
sales, the proceeds will go first to pay costs of sale, then to any
property taxes due, then to National Loan Acquisitions to pay their
allowed amount in full, then to administrative claims, then to
priority claims, and then to unsecured allowed claims pro rata.
The Debtor believes unsecured creditors would receive up to 100% of
their claims if the building sells at its value.  If the property
does not sell, there would be no equity and unsecured creditors
would receive no monies.

A full-text copy of the disclosure statement dated April 9, 2020,
is available at https://tinyurl.com/vl9q223 from PacerMonitor at no
charge.

                     About Campbell & Son

Based in Conrad, Montana, Campbell & Son, LLC, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Mont. Case No.
19-61222) on Dec. 11, 2019, listing under $1 million in both assets
and liabilities.  Gary S. Deschenes, Esq., at Deschenes &
Associates, is the Debtor's legal counsel.


CANYON VALOR: Bank Debt Trades at 19% Discount
-----------------------------------------------
Participations in a syndicated loan under which Canyon Valor Cos
Inc is a borrower were trading in the secondary market around 82
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The EUR248 million term loan is scheduled to mature on June 16,
2023.  As of April 24, 2020, EUR247 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



CARROLS RESTAURANT: Bank Debt Trades at 28% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Carrols Restaurant
Group Inc is a borrower were trading in the secondary market around
72 cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD425 million term loan is scheduled to mature on April 30,
2026.  As of April 24, 2020, USD422 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


CASABLANCA US: Bank Debt Trades at 22% Discount
-----------------------------------------------
Participations in a syndicated loan under which Casablanca US
Holdings Inc is a borrower were trading in the secondary market
around 78 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD950 million term loan is scheduled to mature on March 1,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


CAST & CREW: Bank Debt Trades at 19% Discount
---------------------------------------------
Participations in a syndicated loan under which Cast & Crew Payroll
LLC is a borrower were trading in the secondary market around 81
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD934 million term loan is scheduled to mature on February 7,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


CATALENT PHARMA: S&P Raises Senior Secured Debt Rating to 'BB+'
---------------------------------------------------------------
S&P Global Ratings raised its issue-level rating on Catalent Pharma
Solutions Inc.'s senior secured debt to 'BB+' from 'BB' and revised
its recovery rating to '1' from '2' due to a reduction in the
company's amount of secured debt. The '1' recovery rating indicates
its expectation for very high (90%-100%; rounded estimate: 95%)
recovery in the event of a payment default.

At the same time, S&P is affirming its 'B+' issue-level rating on
the company's senior unsecured debt. The '5' recovery rating
remains unchanged, indicating S&P's expectation for modest
(10%-30%; rounded estimate: 15%) recovery in the event of a payment
default.

S&P raised its issue-level rating on Catalent's senior secured debt
following the recent transaction in which it placed approximately
$890 million of senior unsecured notes and repaid about $336
million of euro-denominated senior secured term loans (among other
uses) that had accounted for approximately 19% of its total senior
secured debt in the rating agency's hypothetical default scenario.
Senior secured debt now accounts for about 43% of the company's
total debt balance in S&P's default scenario, down from 56% prior
to the transaction. The rating agency no longer expects the company
to add additional senior secured debt to its capital structure in
the near term given its success in the unsecured market and the
economic slowdown stemming from the coronavirus pandemic.

"Our 'BB-' long-term issuer credit rating and stable outlook on
parent Catalent Inc. are unchanged. The rating reflects our view
that the company has a top-tier reputation and good scale in the
contract development and manufacturing organization (CDMO) industry
and strong revenue visibility due to its long-term contracts with
its diversified customer base. These positive factors are somewhat
offset by Catalent's small size relative to its large
pharmaceutical customers and its narrow focus on pharmaceutical
manufacturing," S&P said.

"We generally expect the company's adjusted debt to EBITDA
(including preferred equity) to remain in the 4x-5x range, though
it will likely be in the higher half of the range given our
expectation for future acquisitions and capital investment. That
said, Catalent has demonstrated a willingness to finance
acquisitions, at least partially, through the issuance of equity,
including its recent acquisition of MaSTherCell Global Inc," S&P
said.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- Catalent's capital structure comprises a $550 million revolving
credit facility (assumed 85% drawn), $932 million of first-lien
term loans, about $890 million of unsecured euro-denominated notes,
and $938 million of unsecured dollar-denominated notes.

-- S&P's simulated default scenario contemplates a default
occurring in 2024 precipitated by regulatory suspensions, increased
competition, and lower capacity utilization, which lead to a
significant decline in EBITDA.

-- S&P believes Catalent would reorganize in the event of a
default given its strong customer relationships and the importance
of its products to its customers' supply chains. Furthermore, S&P
believes that its lenders would achieve greater recovery through a
reorganization rather than a liquidation.

-- S&P has valued the company on a going-concern basis using a 6x
multiple of the rating agency's projected emergence EBITDA. The 6x
multiple reflects Catalent's strong contracts and customer
relationships and is consistent with the multiples the rating
agency uses for its CDMO peers.

-- S&P's emergence EBITDA of $305 million reflects its assumption
that the company will default as total leverage rises to about 11x
and EBITDA declines by about 40% from 2019 levels.

-- The senior secured credit facilities benefit from a downstream
guarantee from Catalent's holding company parent, an upstream
guarantee from the company's wholly owned U.S. restricted
subsidiaries, and a pledge of 65% of Catalent's equity interests in
its foreign subsidiaries.

-- Catalent's U.S. operations, which provide a secured guarantee
on the facilities, contribute approximately 50% of revenue.

-- Foreign operations, which are non-guarantors, contribute the
remaining 50% of revenue.

Simulated default assumptions

-- Simulated year of default: 2024
-- EBITDA at emergence: $305 million
-- EBITDA multiple: 6x

Simplified waterfall

-- Net enterprise value (after 5% administrative costs): $1,739
million
-- Valuation split (obligors/nonobligors): 50%/50%
-- Value available to first-lien creditors: $1,435 million
-- Secured first-lien debt claims: $1,398 million
-- Recovery expectations: 90%-100% (rounded estimate: 95%)
-- Total value available to unsecured claims: $342 million
-- Senior unsecured debt claims: $1,861 million
-- Other pari passu unsecured claims: $0 million
-- Recovery expectations: 10%-30% (rounded estimate: 15%)

Note: All debt amounts include six months of prepetition interest.
Collateral value equals the asset pledge from obligors after
priority claims plus the equity pledge from nonobligors after
nonobligor debt.


CBAC BORROWER: Bank Debt Trades at 25% Discount
-----------------------------------------------
Participations in a syndicated loan under which CBAC Borrower LLC
is a borrower were trading in the secondary market around 76
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD300 million term loan is scheduled to mature on July 7,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



CD&R HYDRA: Bank Debt Trades at 24% Discount
--------------------------------------------
Participations in a syndicated loan under which CD&R Hydra Buyer
Inc is a borrower were trading in the secondary market around 77
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD115 million term loan is scheduled to mature on April 30,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



CDRH PARENT: Bank Debt Trades at 37% Discount
---------------------------------------------
Participations in a syndicated loan under which CDRH Parent Inc is
a borrower were trading in the secondary market around 63
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD544 million term loan is scheduled to mature on July 1,
2021.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


CDS US: Bank Debt Trades at 57% Discount
----------------------------------------
Participations in a syndicated loan under which CDS US Intermediate
Holdings Inc is a borrower were trading in the secondary market
around 43 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD799 million term loan is scheduled to mature on July 8,
2022.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


CEC ENTERTAINMENT: Bank Debt Trades at 50% Discount
---------------------------------------------------
Participations in a syndicated loan under which CEC Entertainment
Inc is a borrower were trading in the secondary market around 50
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD760 million term loan is scheduled to mature on August 30,
2026.  As of April 24, 2020, USD756 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



CENTRAL SECURITY: Bank Debt Trades at 58% Discount
--------------------------------------------------
Participations in a syndicated loan under which Central Security
Group Inc is a borrower were trading in the secondary market around
42 cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD40 million term loan is scheduled to mature on October 6,
2021.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


CHECKERS HOLDINGS: Bank Debt Trades at 43% Discount
---------------------------------------------------
Participations in a syndicated loan under which Checkers Holdings
Inc is a borrower were trading in the secondary market around 57
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD193 million term loan is scheduled to mature on June 30,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


CHECKERS HOLDINGS: Bank Debt Trades at 53% Discount
---------------------------------------------------
Participations in a syndicated loan under which Checkers Holdings
Inc is a borrower were trading in the secondary market around 47
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD88 million term loan is scheduled to mature on June 30,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


CHECKOUT HOLDING: Bank Debt Trades at 62% Discount
--------------------------------------------------
Participations in a syndicated loan under which Checkout Holding
Corp is a borrower were trading in the secondary market around 38
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD150 million pik term loan is scheduled to mature on August
15, 2023.  As of April 24, 2020, the full amount has been drawn and
is outstanding.

The Company's country of domicile is U.S.


CHEMOURS COMPANY: Moody's Cuts CFR to Ba3 & Sec. Bank Loans to B1
-----------------------------------------------------------------
Moody's Investors Service downgraded The Chemours Company's
ratings, including the CFR to Ba3 from Ba2, the secured bank
facilities to Ba1 from Baa3, and the senior unsecured rating to B1
from Ba3. The outlook on the ratings remains negative, reflecting
the heightened and growing level of litigation risk stemming from
actions filed by states, environmental regulators, water
municipalities and private plaintiffs associated with
perfluorochemicals, a family of chemicals used for decades to
process a wide range of fluoropolymers. The Speculative Grade
Liquidity Rating remains SGL-1.

"The downgrade reflects the growing PFAS case load, its impact on
the potential ultimate liability, and other adverse developments
associated with PFAS litigation" according to Joseph Princiotta,
Senior Vice President at Moody's. " The downgrade also reflects
profit pressures in flouroproducts and TiO2 and the resulting
stress to metrics and cash flow this year," Princiotta added.

Downgrades:

Issuer: Chemours Company, (The)

Corporate Family Rating, Downgraded to Ba3 from Ba2

Probability of Default Rating, Downgraded to Ba3-PD from Ba2-PD

Senior Secured Bank Credit Facility, Downgraded to Ba1 (LGD2) from
Baa3 (LGD2)

Senior Unsecured Regular Bond/Debenture, Downgraded to B1 (LGD5)
from Ba3 (LGD4)

Outlook Actions:

Issuer: Chemours Company, (The)

Outlook, Remains Negative

RATINGS RATIONALE

The rapid and widening spread of the coronavirus outbreak,
deteriorating global economic outlook, falling oil prices, and
asset price declines are creating a severe and extensive credit
shock across many sectors, regions and markets. The combined credit
effects of these developments are unprecedented. The chemical
sector in general, and the flouroproducts and TiO2 subsectors in
particular have been affected by the shock, especially the auto OEM
producers and certain industrial end markets given the sensitivity
consumer demand and economic activity. Moody's regards the
coronavirus outbreak as a social risk under its ESG framework,
given the substantial implications for public health and safety.
Its action, in part, reflects the impact on Chemours of the breadth
and severity of the shock, and the broad deterioration in credit
quality it has triggered.

While there have been no new PFAS settlements or court decisions
that would allow better dimensioning or quantification of the
potential liability, the case load continues to grow and negative
developments and news flow continues on this topic; Moody's expects
this trend to continue. At the time of its last rating action in
July of last year, for instance, there were 4 states that had filed
Natural Resource Damage (NRD) cases against DuPont ("DuPont de
Nemours, Inc."), Chemours and other defendants; that case load has
increased by 2 states -- New York and Michigan -- to 6. Other cases
representing multiple defendants had been filed by private,
municipal and government plaintiffs in New Jersey, Georgia, Long
Island and other jurisdictions.

Meanwhile, firefighting foam litigation continues to grow and law
suits filed in other States have been rolled into the MDL in South
Carolina federal court. Also, representatives of about 31,000 rural
utilities filed suite last month to recover the costs to clean up
PFAS in groundwater resulting from the use of firefighting foam
products. DuPont and Chemours never manufactured these foam
products, but they made a foam ingredient. The company reports that
an AFFF case in Alaska was recently dismissed.

In addition, Chemours lawsuit against DuPont, seeking
indemnification caps and return of the 2015 spin-related dividend,
was recently dismissed in Delaware Chancery Court, sending the
dispute back to arbitration, where Chemours is unlikely to fare as
well as it possibly could have in litigation, in Moody's opinion.
Chemours is appealing the decision, but Moody's believes the
ultimate resolution will be a settlement between DuPont and
Chemours, with Chemours likely baring the brunt of the PFAS costs
over the next few years.

In addition, 2 of the 61 pending personal injury cases in the
southern district of Ohio recently concluded, one in a hung jury
and the other with a $50 million jury award, but the latter is
subject to dismissal or appeal motions by DuPont. Six other
personal injury cases are on the docket in Ohio this year, but
Covid-19 has stalled trials and other legal matters.

Meanwhile, the EPA is moving forward with its PFAS Action Plan and
in February 2020 announced its intent to designate PFOS and PFOA as
hazardous substances, which would provide clean up authority and
standards and set maximum contaminant levels, with the result
likely to increase the number of cleanup sites, cleanup costs and
the pace of clean-up to involved companies like Chemours and
DuPont.

The downgrade also reflects weakness expected this year in the
flouroproducts segment, which has become Chemour's largest segment
in terms of EBITDA, stemming from weak auto OEM markets and from
the ongoing pressure on Opteon auto refrigerant demand and prices
due to persistent black market competition in these markets. The
auto OEM markets were weak coming into the year, but the situation
and outlook weakened further by closures of auto manufacturing
plants and from the jump in unemployment and consumer uncertainty,
all the result of Covid-19.

While the outlook for TiO2 remains better than most commodities in
this environment, EBITDA levels are more likely to be flattish or
down this year. TiO2 markets came into the year with favorable
fundamentals and the potential for upside in volumes and prices.
However, the current situation is one of uncertain demand in the
near term, although demand into certain coatings and plastics
markets has held up reasonably well thus far. Meanwhile TiO2
producers are pushing for price increases to attempt to offset cost
pressures from higher ore prices; the success of these price hikes
will be a big factor in the trendline for TiO2 EBITDA this year.

Chemours' credit profile reflects Chemours' position as a leading
global producer in TiO2 pigments, where scale, technology and more
flexibility allow for industry-leading margins, currently and over
the cycle. Its profile also reflects leading market positions
across much of the fluoroproducts branded franchise, which
continues to have a favorable secular growth outlook from Opteon,
notwithstanding the current black-market pressures. Chemours is a
leader and one of only two major producers in the new HFO
generation of low global warming refrigerant products.

Chemours' credit profile also reflects the modest stress in balance
sheet leverage which is currently above 4x (on a gross adjusted
basis) and expected to increase this year, and modest positive free
cash flow, both of which have declined since 2018 due to softness
in TiO2 markets outside the US and loss of market share, and from
black market pressures offsetting secular growth in flouroproducts.
The credit profile also reflects high gross debt levels of over
$4.0 billion, roughly unchanged since the 2015 spin, and limited
diversification as TiO2 and fluoroproducts account for nearly all
of the company's EBITDA.

Other negative factors in the credit, aside from the litigation,
include the historical cyclical nature of the TiO2 industry, which
was recovering from an inventory cycle prior to the Covid-19 impact
in demand, The company's Ti-Pure Value Stabilization initiatives,
which target price visibility and volume assurance to customers who
participate, is intended to smooth the effects of cycles, but its
implementation led to market share losses last year.

ESG factors are material in the credit profile and a main driver of
the rating action. The downgrade and negative outlook reflect the
substantial and growing litigation risk stemming from the growing
number of actions filed by states, environmental regulators, water
municipalities and private plaintiffs associated with
perfluorochemicals (or PFAS), a family of chemicals used for
decades to process a wide range fluoroproducts.

Lawsuits recently filed include Natural Resource Damage suits
(NRDs), which allege environmental damage and seek to recover
remediation costs, by attorney generals in New Jersey, Ohio, New
Hampshire, New York, Michigan and Vermont; lawsuits filed by public
water suppliers in North Carolina, private suits filed in New
Jersey, New York, Long Island, Georgia and other jurisdictions,
personal injury cases pending in Ohio, and a growing number of
fire-fighting foam cases filed in a number of states and
consolidated in the multi district litigation in South Carolina
federal court.

Chemours' SGL-1 rating indicates excellent liquidity and reflects
the company's ability to meet 100% of its internal needs from cash
and cash flow; On April 8, 2020, as a precautionary measure to
address macroeconomic uncertainty driven by the coronavirus
outbreak, the company drew down approximately $300 million of its
$800 million revolver due April 2023. The revolver has a maximum
secured Net Debt/EBITDA ratio of 2.0x and a springing maturity
inside the existing 2023 bonds. Moody's expects the company to be
in compliance with covenants over the next 12 months. The TLB does
not have maintenance covenants. As an additional source of
liquidity, Chemours entered into an $125 million accounts
receivable securitization facility (with an option to increase to
$200 million) in July 2019 and amended and restated this facility
in March 2020. The facility had approximately $110 million
borrowings as of December 31, 2019 but has since been repaid to
zero.

Working capital typically consumes cash in the first half of the
year, but is a significant source of cash in the second half and
could be applied to TLB reduction, dividends and share repurchases.
As of December 31, 2019, cash balances were $943 million.

FACTORS THAT WOULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The negative outlook reflects growing litigation risk and potential
future costs associated with PFAS water contamination and other
related costs. Given the longer tail nature of this risk and the
costs that might result, it's possible that the negative outlook
might extend beyond the usual 18 months observation period
beginning with Its action.

Moody's would consider a downgrade if PFAS litigation begins to
result in adverse trial outcomes and significant costs, if
settlements with States, municipalities or other plaibntiffs result
in expensive agreements, or if litigation emerges from a number of
other government entities, municipalities or private parties. A
downgrade would also be considered if cash balances and liquidity
were to deteriorate, or if Debt/EBITDA were to exceed the 4.5x
range, or if RCF/Debt falls to single digits, on a sustainable
basis.

Moody's would not consider an upgrade until there is better clarity
with respect to this litigation and all associated costs. If this
risk were to dissipate, Moody's would consider an upgrade if gross
adjusted Debt/EBITDA were sustained below 3.5x and RCF/Debt
remained above 20%, both on a sustained basis.

Chemours Company (The), headquartered in Wilmington, Delaware, is a
leading global provider of performance chemicals through three
reporting segments: Titanium Technologies, Fluoroproducts and
Chemical Solutions. Revenues for the last twelve months ended
December 31, 2019, were roughly $5.5 Billion.


CIBT GLOBAL: Bank Debt Trades at 32% Discount
---------------------------------------------
Participations in a syndicated loan under which CIBT Global Inc is
a borrower were trading in the secondary market around 68
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD120 million term loan is scheduled to mature on June 1,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


CIBT GLOBAL: Bank Debt Trades at 40% Discount
---------------------------------------------
Participations in a syndicated loan under which CIBT Global Inc is
a borrower were trading in the secondary market around 60
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD339 million term loan is scheduled to mature on June 1,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


CIRCOR INTERNATIONAL: S&P Lowers ICR to 'B-'; Outlook Negative
--------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Burlington,
Mass.–based flow control solutions provider CIRCOR International
Inc. to 'B-' from 'B'. At the same time, S&P lowered its
issue-level ratings on the company's first-lien term loan and
revolving credit facility to 'B-' from 'B'. S&P '3' recovery
ratings on the debt instruments are unchanged.

"The downgrade reflects our view that the current economic
recession will pressure CIRCOR International Inc.'s operating
results and result in elevated credit metrics over the next 12
months.   We had expected low organic growth in CIRCOR's core
segments amid a slowdown in the eurozone (38% of 2019 revenue) for
2020. We now believe that we are in a global recession due to the
effects of the COVID-19 pandemic. As such, customers will likely
defer spending to preserve liquidity as stay-at-home orders remain
in place. We expect weak end-market demand to reduce earnings
across CIRCOR's Industrial, Energy, and Aerospace and Defense (A&D)
end markets. As a result, we forecast S&P Global Ratings-adjusted
leverage will increase to about 8x in fiscal 2020, up from 7x at
year-end 2019, despite the recent debt repayment that used the
proceeds from the Instrumentation and Sampling (I&S) business
divestiture," S&P said.

The negative outlook reflects the potential for a downgrade over
the next 12 months if CIRCOR's free operating cash flow (FOCF) and
EBITDA decline more than S&P expects this year.

"We could lower our rating on CIRCOR over the next 12 months if we
expect the company cannot generate positive FOCF or if covenant
headroom deteriorates to below 10%. This could occur if CIRCOR's
end markets perform weaker than what we expect in our base case or
if management encounters additional operational challenges," S&P
said.

"We could revise the outlook to stable over the next 12 months if
leverage does not deteriorate beyond our expectations and CIRCOR
generates positive FOCF. This could occur if macroeconomic activity
improves," the rating agency said.


CLAIRE'S STORES: Bank Debt Trades at 16% Discount
-------------------------------------------------
Participations in a syndicated loan under which Claire's Stores Inc
is a borrower were trading in the secondary market around 84
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD502 million term loan is scheduled to mature on December 18,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


COMET BIDCO: Bank Debt Trades at 40% Discount
---------------------------------------------
Participations in a syndicated loan under which Comet Bidco Ltd is
a borrower were trading in the secondary market around 60
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD420 million term loan is scheduled to mature on October 6,
2024.  As of April 24, 2020, USD412 million from the loan remains
outstanding.

The Company's country of domicile is Great Britain.


COMMUNITY HEALTH: Posts $18 Million Net Income in First Quarter
---------------------------------------------------------------
Community Health Systems, Inc., reported net income attributable to
the Company's stockholders of $18 million on $3.02 billion of net
operating revenues for the three months ended March 31, 2020,
compared to a net loss attributable to the Company's stockholders
of $118 million on $3.37 billion of net operating revenues for the
three months ended March 31, 2019.

The consolidated operating results for the three months ended March
31, 2020, reflect a 13.3 percent decrease in admissions and a 12.8
percent decrease in adjusted admissions, compared with the same
period in 2019.  On a same-store basis, admissions decreased 5.2
percent and adjusted admissions decreased 4.8 percent for the three
months ended March 31, 2020, compared with the same period in 2019.
On a same-store basis, net operating revenues decreased 3.5
percent for the three months ended March 31, 2020, compared with
the same period in 2019.

Commenting on the results, Wayne T. Smith, chairman and chief
executive officer of Community Health Systems, Inc., said, "We are
all grateful for the courage and commitment of our nation's
healthcare workers as they put the care of their patients above all
else in confronting COVID-19.  Across our hospitals, physicians,
nurses, and everyone else on the front lines have helped to save
lives.  Our organization has leveraged its resources to provide a
rapid, coordinated and effective response to the pandemic.  Now, we
are also focused on reopening services where we can, especially for
patients who have deferred important surgeries, procedures and
other appointments.  As we continue to manage our operations
through the COVID-19 pandemic, our organization is doing everything
possible to limit the spread of COVID-19 and to ensure our
communities continue to have access to safe, quality healthcare."

As of March 31, 2020, the Company had $15.44 billion in total
assets, $17.08 billion in total liabilities, $502 million in
redeemable noncontrolling interests in equity of consolidated
subsidiaries, and a total stockholders' deficit of $2.13 billion.

                 Liquidity and Capital Resources

Net cash provided by operating activities decreased $76 million,
from approximately $133 million for the three months ended March
31, 2019, to approximately $57 million for the three months ended
March 31, 2020.  The decrease in cash provided by operating
activities was primarily the result of timing of interest payments,
compared to the same period in 2019.  Total cash paid for interest
during the three months ended March 31, 2020 increased to
approximately $264 million compared to $189 million for the three
months ended March 31, 2019.  Cash paid for income taxes, net of
refunds received, resulted in a net refund of $2 million and less
than $1 million during the three months ended March 31, 2020 and
2019, respectively.

The Company's net cash used in investing activities was
approximately $109 million for the three months ended March 31,
2020, compared to net cash provided by investing activities of
approximately $19 million for the three months ended March 31,
2019, a decrease of approximately $128 million.  The cash used in
investing activities during the three months ended March 31, 2020,
was primarily impacted by a decrease in proceeds provided by
divestitures of hospitals and other ancillary operations of $159
million as a result of fewer hospital divestitures in the first
three months of 2020 compared to the same period in 2019 (including
the receipt of the net proceeds for the hospitals divested
effective Jan. 1, 2020, on Dec. 31, 2019), and a decrease in cash
provided by the net impact of the purchases and sales of
available-for-sale securities and equity securities of $13 million.
The decrease in cash provided by investing activities was
partially offset by a decrease in cash used in the purchase of
property and equipment of $22 million, and a decrease in the cash
used in the acquisition of facilities and other related equipment
of $4 million as a result of fewer physician practice, clinic and
other ancillary business acquisitions in the first three months of
2020 compared to the same period in 2019 and a decrease in cash
used for other investments (primarily from internal-use software
expenditures and physician recruiting costs) of $18 million.

The Company's net cash provided by financing activities was $82
million for the three months ended March 31, 2020, compared to net
cash used in financing activities of approximately $71 million for
the three months ended March 31, 2019, an increase of approximately
$153 million.  The increase in cash provided by financing
activities, in comparison to the prior year period, was primarily
due to the net effect of the Company's debt repayment, refinancing
activity, and cash paid for deferred financing costs and other
debt-related costs.

COVID – 19 Pandemic:

Due to the decline in patient volumes as a result of the COVID-19
pandemic beginning during the second half of March, the impact from
the COVID-19 pandemic on the Company's operations and financial
results for the three months ended March 31, 2020 included
decreases in net operating revenues and increases in expenses
related to supply chain and other expenditures.

As previously announced in a Current Report on Form 8-K filed by
the Company on April 6, 2020, the Company is not able to fully
quantify the impact that COVID-19 will have on its financial
results during 2020, but expects developments related to COVID-19
to materially affect the Company's financial performance in 2020.
Moreover, as a result of the continuously changing and
unpredictable environment related to COVID-19, as disclosed in the
April 6 Form 8-K, the Company withdrew its 2020 financial guidance
previously issued in its earnings release dated Feb. 19, 2020 and
is not providing further guidance in this earnings release.

Federal and state governments have passed legislation, promulgated
regulations, and taken other administrative actions intended to
assist healthcare providers in providing care to COVID-19 and other
patients during the public health emergency. Sources of relief
include the CARES Act, which was enacted on March 27, 2020, and the
Paycheck Protection Program and Health Care Enhancement Act (the
"PPPHCE Act"), which was enacted on April 24, 2020.  The CARES Act
includes $100 billion in funding to be distributed to eligible
providers through the Public Health and Social Services Emergency
Fund (the "PHSSEF") as well as an expansion of the Medicare
Accelerated and Advance Payment Program.  The PPPHCE Act includes
additional emergency appropriations for COVID-19 response,
including $75 billion to be distributed to eligible providers
through the PHSSEF.

In April 2020, the Company received approximately $245 million in
payments through the PHSSEF and received accelerated Medicare
payments of approximately $1.2 billion via the Medicare Accelerated
and Advance Payment Program.  These payments did not qualify for
recognition in the three months ended March 31, 2020. PHSSEF
payments (both under the CARES Act and the PPPHCE Act) are intended
to compensate healthcare providers for lost revenues and
incremental expenses incurred in response to the COVID-19 pandemic
and are not required to be repaid provided that recipients attest
to and comply with certain terms and conditions, including (in the
case of payments under the CARES Act) limitations on balance
billing and not using funds received from the PHSSEF to reimburse
expenses or losses that other sources are obligated to reimburse
(terms and conditions with respect to payments under the PPPHCE Act
have not been finalized).  In contrast, the payments under the
Medicare Accelerated and Advance Payment Program are advances that
providers must repay.  The accelerated Medicare payments are
interest free for up to 12 months and the program currently
requires that CMS recoup the accelerated payments beginning 120
days after receipt by the provider, by withholding future Medicare
fee-for-service payments for claims until such time as the full
accelerated payment has been recouped.  The program currently
requires that any outstanding balance remaining after 12 months
must be repaid by the provider or be subjected to a 10.25% interest
rate.

The Company said the PHSSEF payments and accelerated payments
received to date and which the Company may receive in the future
under the CARES Act and the PPPHCE Act as noted above, or other
legislation, will be beneficial in addressing the impact of the
COVID-19 pandemic on its results of operations and financial
position.  However, the Company is unable to assess the extent to
which anticipated negative impacts on the Company arising from the
COVID-19 pandemic will be offset by amounts and benefits received,
and which the Company may receive in the future, under the CARES
Act, the PPPHCE Act or other legislation.

On Jan. 1, 2020, the Company completed the divestiture of three
hospitals (in respect of which the Company received proceeds at a
preliminary closing on Dec. 31, 2019).  In addition, since Jan. 1,
2020 the Company has entered into several definitive agreements to
sell a total of seven hospitals, for which the Company expects to
receive aggregate proceeds of approximately $400 million.  These
divestitures, which are expected to be completed at various times
during the second and third quarters of 2020, will mark the end of
the formal portfolio rationalization strategy, which commenced in
2017. There can be no assurance that these potential divestitures
subject to definitive agreements will be completed, or if they are
completed, the ultimate timing of the completion of these
divestitures.  The Company continues to receive interest from
potential acquirers for certain of its hospitals, and may, from
time to time, consider selling additional hospitals following the
completion of the Company's formal portfolio rationalization
strategy.


A full-text copy of the Quarterly Report on Form 10-Q as filed with
the U.S. Securities and Exchange Commission is available for free
at:

                         https://is.gd/bg6UAn

                        About Community Health

Community Health Systems, Inc. -- www.chs.net -- is a publicly
traded hospital company and an operator of general acute care
hospitals in communities across the country.  The Company, through
its subsidiaries, owns, leases or operates 99 affiliated hospitals
in 17 states with an aggregate of approximately 16,000 licensed
beds.  The Company's headquarters are located in Franklin,
Tennessee, a suburb south of Nashville. Shares in Community Health
Systems, Inc. are traded on the New York Stock


Community Health reported a net loss attributable to the Company's
stockholders of $675 million for the year ended Dec. 31, 2019,
following a net loss attributable to the Company's stockholders of
$788 million for the year ended Dec. 31, 2018.  As of Dec. 31,
2019, the Company had $15.61 billion in total assets, $17.25
billion in total liabilities, $502 million in redeemable
noncontrolling interests in equity of consolidated subsidiaries,
and a total stockholders' deficit of $2.14 billion.

                           *   *   *

As reported by the TCR on Nov. 29, 2019, S&P Global Ratings raised
its issuer credit rating on U.S.-based hospital operator Community
Health Systems Inc. to 'CCC+' from 'SD' (selective default).  The
upgrade to 'CCC+' reflects the company's longer-dated debt maturity
schedule, and S&P's view that Community's efforts to rationalize
its hospital portfolio as well as improve financial performance and
cash flow should strengthen credit measures over the next couple of
years.

In November 2019, Fitch Ratings downgraded Community Health
Systems, Inc.'s Issuer Default Rating to 'C' from 'CCC' following
the company's announcement of an offer to exchange a series of
senior unsecured notes due 2022.


CONFIE SEGUROS: Bank Debt Trades at 21% Discount
------------------------------------------------
Participations in a syndicated loan under which Confie Seguros
Holding II Co is a borrower were trading in the secondary market
around 79 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD665 million term loan is scheduled to mature on May 19,
2022.  As of April 24, 2020, USD636 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



CONFLUENT HEALTH: Bank Debt Trades at 24% Discount
--------------------------------------------------
Participations in a syndicated loan under which Confluent Health
LLC is a borrower were trading in the secondary market around 76
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD200 million term loan is scheduled to mature on July 24,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



CONNACHER OIL: Bank Debt Trades at 23% Discount
------------------------------------------------
Participations in a syndicated loan under which Connacher Oil and
Gas Ltd is a borrower were trading in the secondary market around
77 cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD42 million term loan is scheduled to mature on September 30,
2024.  As of April 24, 2020, USD41 million from the loan remains
outstanding.

The Company's country of domicile is Canada.


CONSOL ENERGY: Bank Debt Trades at 38% Discount
------------------------------------------------
Participations in a syndicated loan under which CONSOL Energy Inc
is a borrower were trading in the secondary market around 62
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD275 million term loan is scheduled to mature on September
28, 2024.  As of April 24, 2020, USD272 million from the loan
remains outstanding.

The Company's country of domicile is U.S.


CONSTELLIS HOLDINGS: Bank Debt Trades at 84% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Constellis Holdings
LLC is a borrower were trading in the secondary market around 16
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD28 million term loan is scheduled to mature on April 21,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


CONSTELLIS HOLDINGS: Bank Debt Trades at 84% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Constellis Holdings
LLC is a borrower were trading in the secondary market around 16
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD120 million term loan is scheduled to mature on April 21,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


CONSTELLIS HOLDINGS: Bank Debt Trades at 84% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Constellis Holdings
LLC is a borrower were trading in the secondary market around 16
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD725 million term loan is scheduled to mature on April 21,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


CONTAINER STORE: Bank Debt Trades at 28% Discount
--------------------------------------------------
Participations in a syndicated loan under which Container Store
Inc/The is a borrower were trading in the secondary market around
73 cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The $273 million term loan is scheduled to mature on September 14,
2023.  As of April 24, 2020, $252 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



CONTURA ENERGY: Bank Debt Trades at 32% Discount
------------------------------------------------
Participations in a syndicated loan under which Contura Energy Inc
is a borrower were trading in the secondary market around 68
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD562 million term loan is scheduled to mature on June 14,
2024.  As of April 24, 2020, USD558 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


CPM HOLDINGS: Bank Debt Trades at 19% Discount
----------------------------------------------
Participations in a syndicated loan under which CPM Holdings Inc is
a borrower were trading in the secondary market around 81
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD540 million term loan is scheduled to mature on November 15,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



CPM HOLDINGS: Bank Debt Trades at 24% Discount
----------------------------------------------
Participations in a syndicated loan under which CPM Holdings Inc is
a borrower were trading in the secondary market around 76
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD200 million term loan is scheduled to mature on November 15,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


CRCI LONGHORN: Moody's Cuts CFR to B3 & Alters Outlook to Stable
----------------------------------------------------------------
Moody's Investors Service, downgraded CRCI Longhorn Holdings, Inc.
(d.b.a CLEAResult) ratings, including its corporate family rating
to B3 from B2 and its probability of default rating to B3-PD from
B2-PD. At the same time, Moody's downgraded the instrument ratings
on CLEAResult's first and second lien senior secured credit
facilities to B2 from B1 and to Caa2 from Caa1, respectively. The
outlook is changed to stable from negative.

"The downgrade of CLEAResult's ratings is driven by its expectation
that the onset of the coronavirus pandemic will keep the company's
leverage above its previous downgrade indicator of 6.5 times during
the next 12 to 18 months," said Andrew MacDonald, Moody's lead
analyst. "The stable outlook reflects that while the company's
credit metrics will weaken in 2020, the company has sufficient
liquidity to insulate itself from the coronavirus until they are
able to resume field work."

The rapid and widening spread of the coronavirus outbreak,
deteriorating global economic outlook, falling oil prices, and
asset price declines are creating a severe and extensive credit
shock across many sectors, regions and markets. The combined credit
effects of these developments are unprecedented. Moody's regards
the coronavirus outbreak as a social risk under its ESG framework,
given the substantial implications for public health and safety.
Its action reflects the impact on CLEAResult of the breadth and
severity of the shock, and the broad deterioration in credit
quality it has triggered.

Downgrades:

Issuer: CRCI Longhorn Holdings, Inc.

Probability of Default Rating, Downgraded to B3-PD from B2-PD

Corporate Family Rating, Downgraded to B3 from B2

Senior Secured 1st Lien Bank Credit Facility, Downgraded to B2
(LGD3) from B1 (LGD3)

Senior Secured 2nd Lien Bank Credit Facility, Downgraded to Caa2
(LGD5) from Caa1 (LGD5)

Outlook Actions:

Issuer: CRCI Longhorn Holdings, Inc.

Outlook, Changed To Stable From Negative

RATINGS RATIONALE

CLEAResult's B3 CFR broadly reflects the company's limited scale
and high leverage of 7.7x Moody's adjusted debt-to-EBITDA for the
year ended December 31, 2019 before considering the impact of the
coronavirus. Roughly 50% of the company's revenue relies on
face-to-face interactions with customers to perform energy audits
and other field work that is expected to be limited in the coming
months as many utility providers have temporarily paused programs
as they have been determined to be non-essential. The severity of
the impact will depend on the length of the duration of the
coronavirus outbreak and the timing of individual states in
allowing non-essential workers to return.

The company's liquidity is considered adequate and is supported by
cash balances in the high $70 million range as of early April 2020
that includes $20 million of recent revolver draw on its $85
million revolving credit facility (less letters of credit).
Liquidity is also supported by revolver availability in the
mid-to-high $50 million range, however the company's springing
first lien net leverage covenant is tested at 7.2x should revolver
borrowings exceed 35% of availability (currently not tested).
Moody's expects that coverage is currently sufficient should the
covenant be tested, however covenant relief may become necessary
during the next 12 to 18 months if field work stoppage extends
beyond the second quarter and the company requires additional
revolver reliance. Moody's expects the company will look to
rationalizing fixed charges to offset revenue declines and
anticipate working capital should initially be a source of cash in
a downturn given the company's blue-chip client base comprised of
large utility providers. Supporting the rating is the expectation
that the resumption of field work should lead to a stronger second
half of the year as demand is likely to have been deferred. The
company also benefits from a lack of near term debt maturities.

The stable outlook reflects Moody's expectation of adequate
liquidity supported by free cash flow and revolver availability
despite any weakening of credit metrics while field work is paused
under shelter-in-place orders in several states.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The ratings could be downgraded if liquidity deteriorates,
including sustained negative free cash flow or an increased
probability of a covenant breach. Debt-to-EBITDA sustained above
7.5x beyond 2021 could also lead to a downgrade.

While unlikely in the near term, ratings could be upgraded should
the company' demonstrate revenue and earnings growth with
debt-to-EBITDA sustained below 6.5x and FCF-to-debt sustained in
the low single digits.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.

Headquartered in Austin, Texas, CRCI Longhorn Holdings, Inc.
(CLEAResult) is a leading provider of outsourced energy efficiency
optimization solutions for both utility and non-utility clients in
the US and Canada. Following its August 2018 LBO, CLEAResult is
majority owned by TPG. The company reported revenues of $451
million for the year ended December 31, 2019.


CREATIVE GLOBAL: Plan of Reorganization Confirmed by Judge
----------------------------------------------------------
Judge Sandra R. Klein has entered an order confirming the Second
Amended Disclosure Statement and Plan of Reorganization filed by
debtors Creative Global Investment Inc., CGI Gaju LLC, and CGI
Paramount LLC.

Pursuant to the terms set forth in the Stipulation Resolving
Professional Claims and the Court order approving such stipulation,
the Plan is deemed modified to provide as follows:

   * The amount of the New Value Contribution to be made by Jeffrey
Lee shall be increased from $150,000 to $165,000.

   * The unpaid fees and costs of the professionals employed by the
Debtors' bankruptcy estates shall be capped at the amounts set
forth in the Stipulation Resolving Professional Claims and shall be
paid in accordance with the terms and conditions set forth in the
Stipulation Resolving Professional Claims.

A full-text copy of the order dated April 10, 2020, is available at
https://tinyurl.com/qsuk2pr from PacerMonitor at no charge.

The Debtors are represented by:

          DAVID B. GOLUBCHIK
          JULIET Y. OH
          LEVENE, NEALE, BENDER, YOO & BRILL L.L.P.
          10250 Constellation Boulevard, Suite 1700
          Los Angeles, California 90067
          Telephone: (310) 229-1234
          Facsimile: (310) 229-1244
          E-mail: DBG@LNBYB.com
                  JYO@LNBYB.com

               About Creative Global Investment

Creative Global Investment Inc. is a privately held company engaged
in financial investment activities.  Creative Global Investment
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
C.D. Cal. Case No. 19-13044) on March 20, 2019.  At the time of the
filing, the Debtor disclosed $36,691 in assets and $5,388,873 in
liabilities.  The case has been assigned to Judge Sandra R. Klein.
Levene, Neale, Bender, Yoo & Brill LLP is the Debtor's legal
counsel.


CROWN FINANCE: Bank Debt Trades at 34% Discount
-----------------------------------------------
Participations in a syndicated loan under which Crown Finance US
Inc is a borrower were trading in the secondary market around 66
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD650 million term loan is scheduled to mature on September
20, 2026.  As of April 24, 2020, the full amount has been drawn and
is outstanding.

The Company's country of domicile is U.S.


CSM BAKERY: Bank Debt Trades at 16% Discount
--------------------------------------------
Participations in a syndicated loan under which CSM Bakery
Solutions LLC is a borrower were trading in the secondary market
around 84 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD857 million term loan is scheduled to mature on July 3,
2020.  As of April 24, 2020, USD448 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


CSM BAKERY: Bank Debt Trades at 22% Discount
--------------------------------------------
Participations in a syndicated loan under which CSM Bakery
Solutions LLC is a borrower were trading in the secondary market
around 78 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD210 million term loan is scheduled to mature on May 23,
2021.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


CUKER INTERACTIVE: Taps Larson O'Brien, Prata Firms as Fee Counsel
------------------------------------------------------------------
Cuker Interactive, LLC sought and obtained approval from the U.S.
Bankruptcy Court for the Southern District of California to employ
the law firms of Larson O'Brien LLP and Prata & Daley LLP as
Special Contingency Fee Co-Counsel.

The Debtor's employment of the law firms is in connection with the
injunctive relief granted within the amended judgment against
Wal-Mart, Inc. The Debtor believes that Larson O'Brien and Prata
Daley will provide its estate with the necessary legal expertise to
recover and maximize the value of those assets comprised of its
injunctive relief awarded against Wal-Mart.

The attorneys' fees to be collectively paid to and shared by Larson
O'Brien and Prata Daley will be 40% of the total recovery and
include the reasonable value of any non-monetary proceeds of
litigation or settlement regarding the Wal-Mart injunction.

The Debtor agrees to pay all costs and expenses for any and all
matters handled by the law firms in representing the Debtor and may
without further order of the Court advance such costs.

Stephen G. Larson, an attorney at Larson O'Brien LLP, and Robert J.
Prata, an attorney at Prata & Daley LLP, disclosed in court filings
that the firms are "disinterested person" within the meaning of
Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Stephen G. Larson, Esq.
     LARSON O'BRIEN LLP
     555 Flower St #4400
     Los Angeles, CA 90071
     Telephone: (213) 436-4864
     Facsimile: (213) 623-2000
     E-mail: slarson@larsonllp.com

               - and -
          
     Robert J. Prata
     PRATA & DALEY LLP
     515 South Figueroa St, Suite 1515
     Los Angeles, CA 90071
     Telephone: (213) 622-5600
     Facsimile: (213) 622-5623
     E-mail: rprata@pratadaley.com

                       About Cuker Interactive

Cuker Interactive, LLC -- https://www.cukeragency.com/ -- is a
digital marketing, design, and eCommerce agency.

Based in Carlsbad, Calif., Cuker Interactive filed a Chapter 11
petition (Bankr. S.D. Cal. Case No. 18-07363) on Dec. 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. Michael D. Breslauer, Esq., at Solomon Ward Seidenwurm
& Smith, LLP, is the Debtor's bankruptcy counsel.


CYXTERA DC: Bank Debt Trades at 37% Discount
--------------------------------------------
Participations in a syndicated loan under which Cyxtera DC Holdings
Inc is a borrower were trading in the secondary market around 63
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD815 million term loan is scheduled to mature on May 1, 2024.
As of April 24, 2020, USD793 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



CYXTERA DC: Bank Debt Trades at 38% Discount
--------------------------------------------
Participations in a syndicated loan under which Cyxtera DC Holdings
Inc is a borrower were trading in the secondary market around 62
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD100 million term loan is scheduled to mature on May 1, 2024.
As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


CYXTERA DC: Bank Debt Trades at 76% Discount
--------------------------------------------
Participations in a syndicated loan under which Cyxtera DC Holdings
Inc is a borrower were trading in the secondary market around 24
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD310 million term loan is scheduled to mature on May 1, 2025.
As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


DASEKE COS: Bank Debt Trades at 23% Discount
--------------------------------------------
Participations in a syndicated loan under which Daseke Cos Inc is a
borrower were trading in the secondary market around 77
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD150 million term loan is scheduled to mature on February 27,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



DEL MAR RACK TRACK: Fitch Cuts Rating on $39MM of 2015 Bonds to BB-
-------------------------------------------------------------------
Fitch Ratings has downgraded Del Mar Race Track Authority, CA's
approximately $39.9 million series 2015 revenue bonds to 'BB-' from
'BBB-'. The Rating Outlook was revised to Negative from Stable.

RATING RATIONALE

The downgrade to 'BB-' from 'BBB-' reflects substantial financial
deterioration stemming from accelerated decline in the California
horse racing industry and the effects of the coronavirus pandemic.
Shelter-in-place protocols have led to the postponement of the
upcoming June 2020 fair, which accounts for 20%-30% of net
concession revenues, and disruptions are likely to continue into
the year and further affect race-day events. Fitch's base case
forecast indicates horse-racing operations will cease to be
self-supporting commencing in 2025 onward absent third-party
support, thus calling into question the continued financial
viability of the facility. Although net concession revenues are
projected to keep the debt service coverage ratio above 1.0x over
the forecast horizon, this revenue stream is dependent on the
continued operations of the facility, which Fitch views as
uncertain over the intermediate term.

The Outlook revision to Negative from Stable reflects the
accelerating decline of the California horse racing industry.
Continued attendance deterioration at recent years' rates would
likely lead to negative rating action.

KEY RATING DRIVERS

Declining Fan Base - Revenue Risk (Franchise): Weaker

The declining nature of the California horse racing industry, as
well as exposure to adverse events at other horse tracks has led to
reduced attendance and uncertainty in fan support, which has put
pressure on racetrack revenues. Racetracks also face increasing
competition for bettors, from both internet gaming and regional
casinos, which has driven a declining trend in the satellite
wagering component of the authority's revenues. These weaknesses
are somewhat offset by a solid service area combined with
semi-diverse revenues from wagering, non-race events, and
concessions, as well as management's ability to control operating
expenses and find additional revenue sources to somewhat mitigate
near-term declines. However, given continued deterioration of the
industry, sustainability of race track revenues become less viable
over the longer term.

Manageable CIP - Facility Infrastructure Development & Renewal:
Stronger

Del Mar's capital improvement plan through 2023 totals a modest
$4.9 million and incorporates several large projects. The racetrack
has historically maintained and periodically enhanced its
facilities. Remaining ongoing capex is primarily focused on
restoration and maintenance. Though there are no plans to issue
additional senior debt, the District Agricultural Association
secured a subordinate lien loan to fund the renovation of an
existing satellite wagering building into a multi-purpose
entertainment venue. The loan is secured by separate revenue source
and does not involve revenues pledged to the rated debt.

Favorable Prepayment Provisions & Reserves - Debt Structure:
Stronger

Debt is 100% fixed-rate and fully amortizes by 2038 with a flat
debt service profile of $3.2 million per annum. A debt prepayment
feature provides accelerated prepayment of principal in the amount
of 30% of pledged net revenues (subject to a $4 million cap on net
Concession Revenues) that exceed 2x debt service. A second
prepayment feature offers further protection if coverage test
revenues (i.e. pledged revenues including all available uncapped
net Concession Revenue) should fall below 2x debt service. No debt
may be issued senior to the 2015 bonds, and rating agency
verification will be required for any additional parity bonds. A
debt service reserve fund (DSRF) is fully cash funded at maximum
annual debt service.

Financial Profile

The authority's profile is expected to produce narrow near-term
financial metrics under Fitch's rating case projection, with an
average indenture DSCR (inclusive of all revenues with no caps on
concession revenue) of 1.26x over the next 10 years, and falls
below 1.0x by FY2029. Fitch's forecast shows horse racing
operations become permanently unprofitable beginning in 2022 with
increasing losses every year, thus calling into question the
facility's ability to remain open and generate race-day concession
revenues over the intermediate-term.

PEER GROUP

There are no directly comparable peers, as this is the only
racetrack that Fitch rates.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action:

  -- Continued decline of net racetrack revenues combined with an
inability to adapt operations to retain fiscal balance over Fitch's
forecast horizon would lead to a downgrade.

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action:

  -- Stabilization of the California horse racing industry leading
to financially sustainable horse racing operations over the
forecast horizon would lead to a Stable Outlook;

  -- Proactive managerial decisions that lead to viable cost
reductions and/or consistent revenue growth resulting in a stable
financial profile would lead to a Stable Outlook

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Public Finance issuers have a
best-case rating upgrade scenario (defined as the 99th percentile
of rating transitions, measured in a positive direction) of three
notches over a three-year rating horizon; and a worst-case rating
downgrade scenario (defined as the 99th percentile of rating
transitions, measured in a negative direction) of three notches
over three years. The complete span of best- and worst-case
scenario credit ratings for all rating categories ranges from 'AAA'
to 'D'. Best- and worst-case scenario credit ratings are based on
historical performance.

CREDIT UPDATE

Performance Update

Industry declines were further magnified due to a series of recent
equine deaths at another Southern California racetrack that
resulted in negative media attention and heightened public scrutiny
on horse racing in California, Del Mar's 2019 attendance, wagering
levels and operating results were heavily affected. According to
management, as a result of the deaths and uncertainty facing
California horse racing, many horse owners and trainers relocated
their horses to race in other states during the first half of 2019.
This led to decreases in state-wide thoroughbred numbers, reduced
field sizes and racing days, and has resulted in accelerated
reductions in race track attendance and wagering revenues beyond
previous expectations.

On-track attendance for the 2019 fall racing period was 18.6% lower
than 2018 due the above negative effects, while summer racing
attendance fell 18.6%. In total, attendance reached its lowest
point since 1970. However, overall attendance at Del Mar has fallen
over the years as a result of the general decline of the industry
in California.

Despite operating expenses declining 3.2%, 2019 race track net
revenues decreased 66% to $1.1 million, as a result of the lowered
attendance and wagering, though net concession revenue did increase
9.6%. As a result of affected net racetrack revenues,
Fitch-calculated coverage fell to 1.55x from 2.20x in 2018, and
leverage spiked to 5.40x given lower unrestricted cash balances.
The authority has noted that should racetrack revenues be
insufficient to meet debt requirements, it may use other legally
available funds, including but not limited to excess net concession
revenues over the $4 million cap.

Furthermore, the effects of the coronavirus pandemic and
shelter-in-place protocols have led to a preventative measure to
postpone the June 2020 San Diego County Fair, from which Del Mar
derives 20%-30% of its net food and beverage concession revenues.
While the majority of racetrack-related revenues occur in the
latter half of the year, it is very likely that limitations on mass
gatherings will persist well into the year and effect horse racing
events, further impairing race track attendance and financial
metrics in 2020. Del Mar maintains approximately $12.5 million in
combined cash and debt service reserves that could cover the annual
debt service obligation by 3.8x in the event of a serious near-term
dip in revenues, but the potential lasting effects of the pandemic
in combination with quickened industry declines will leave future
operations exposed.

Del Mar's current CIP requires $4.9 million over through 2023.
Overall, facilities remain in good condition. Projects completed so
far have been paid by the racetrack authority and reimbursed by
2015 bond proceeds. The majority of ongoing projects focus on
restoration and maintenance. The DAA was recently approved for a
subordinate loan of roughly $15 million to fund the renovation of
an existing satellite wagering building into a concert venue. The
loan is secured by separate revenue source and does not involve
revenues pledged to the racetrack debt.

FINANCIAL ANALYSIS

Fitch Cases

Fitch's cases incorporate the effects of the coronavirus, assuming
concession revenues are only earned in the latter half of 2020 with
the cancellation of the June Fair. Additionally, Fitch gives credit
to Del Mar's hosting of the 2021 Breeders Cup race. Racetrack gross
revenues are assumed to decline 2.0% annually based on historical
CAGRs for the next 10 years. Expenses similarly grow at historical
rates, decreasing at a CAGR of 0.8% on a total basis, and then
growing at inflationary rates beginning 2025. Net concession
revenues also fall at historical rates of 3.4% per annum. With
these assumptions, the 10-year average indenture DSCR is 1.46x, but
racetrack operations show losses in beginning in 2025.

Fitch's rating case assumes gross racetrack revenues will decline
at a stressed rate of -3% annually but reverts to base case growth
in 2025, resulting in a 10-year CAGR of -2.5%. Concession revenues
are also set to decline and additional 2% each year. Given
increased revenue declines, some cost management is credited and
total expenses are essentially flat through 2029. Under this
scenario, the 10-year average indenture DSCR is 1.26x, but falls
under 1.0x by 2029.

Given the vulnerability of wagering revenues, Fitch assessed a
number of breakeven coverage scenarios on concession revenues. When
run on the base case and with the use of available cash and
reserves, Del Mar could sustain an average annual concession
revenue decline of -4.6% beginning 2021 through the life of the
debt and still meet debt service obligations. Similarly, Del Mar
could sustain a one-time concession revenue decline of -14.5% in
2021, and meet all debt service obligations. Fitch considers these
as low given the broader industry risks, which could still affect
race-day concessions if deterioration continues.

Asset Description

The Del Mar Racetrack is located on the San Diego County
fairgrounds in Del Mar, CA, approximately 20 miles north of San
Diego. The track was founded in 1937 and has hosted an annual horse
racing season since its opening, with the exception of 1941-1944.
Current track facilities include nine trackside sky rooms and 16
trackside luxury suites, eight restaurants, 41 bars and a large
infield area.


DEL MONTE: Bank Debt Trades at 26% Discount
--------------------------------------------
Participations in a syndicated loan under which Del Monte Foods Inc
is a borrower were trading in the secondary market around 74
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The $260 million term loan is scheduled to mature on August 18,
2021.  As of April 24, 2020, $244 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



DELPHI ENERGY: Gets Protection Under CCAA
-----------------------------------------
Delphi Energy Corp. and Delphi Energy (Alberta) Limited applied for
and received an order for protection pursuant to the Companies'
Creditors Arrangement Act, as amended, from the Court of Queen’s
Bench of Alberta.  The Initial Order includes among other things, a
stay of proceedings against the Companies, and the appointment of
PricewaterhouseCoopers Inc., LIT as monitor of the Companies.

In accordance with section 23(1)(a) of the CCAA and the Initial
Order, a copy of the Initial Order is available on the Monitor’s
website at www.pwc.com/ca/delphi.

The Initial Order granted the Companies various relief, including
but not limited to, imposing a stay of proceedings against Delphi
and its assets, and providing Delphi an opportunity to prepare and
file a plan of arrangement or compromise under the CCAA for the
consideration of its creditors and other stakeholders.  Under the
Initial Order, Delphi is to continue to carry on business in a
manner consistent with the preservation of its respective
businesses and assets.

Please be advised that the Initial Order prohibits the termination
of the supply of any goods or services currently provided to the
Companies.  Please contact either the Monitor or Delphi to discuss
any concerns regarding the future supply of goods or services.  The
Initial Order does not prohibit any person from requiring immediate
payment for goods or services.

Additional information will be provided to you at a future date
regarding filing of claims for any amounts that may be owing to you
for goods or services delivered prior to April 14, 2020.

If you have any questions or wish to speak to a representative of
PricewaterhouseCoopers Inc., LIT please contact at (403) 509-7309.

The monitor can be reached at:

   PricewaterhouseCoopers Inc., LIT
   111 5 Avenue SW, Suite 3100
   Calgary, Alberta T2P 5L3
   Tel: +1-403-509-7500
   Fax: +1-403-781-1825

Counsel for the Companies:

   Osler, Hoskin & Harcourt LLP
   Att: Randal Van de Mosselaer
        Tracy Sandler
   Suite 2500, 450 - 1st Street SW
   Calgary, AB T2P 5H1
   Tel: 403-260-7000
   Fax: 403-260-7024
   Email: Rvandemosselaer@osler.com
          Tsandler@osler.com

Delphi Energy Corp. -- http://www.delphienergy.ca-- is a mining
company.  The Company engages in the acquisition for an
exploration, development, and production of crude oil, natural gas
and natural gas liquids in Western Canada.


DELUXE ENTERTAINMENT: Bank Debt Trades at 30% Discount
------------------------------------------------------
Participations in a syndicated loan under which Deluxe
Entertainment Services Group Inc is a borrower were trading in the
secondary market around 70 cents-on-the-dollar during the week
ended Fri., April 24, 2020, according to Bloomberg's Evaluated
Pricing service data.

The USD81 million term loan is scheduled to mature on September 25,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


DENTAL CORP: Bank Debt Trades at 23% Discount
---------------------------------------------
Participations in a syndicated loan under which Dental Corp of
Canada Inc is a borrower were trading in the secondary market
around 77 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD250 million term loan is scheduled to mature on June 6,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is Canada.


DENTALCORP HEALTH: Bank Debt Trades at 20% Discount
---------------------------------------------------
Participations in a syndicated loan under which Dentalcorp Health
Services ULC is a borrower were trading in the secondary market
around 80 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD125 million facility is a delay-draw term loan.  It is
scheduled to mature on June 6, 2025.  

The Company's country of domicile is Canada.


DENTALCORP HEALTH: Bank Debt Trades at 20% Discount
---------------------------------------------------
Participations in a syndicated loan under which Dentalcorp Health
Services ULC is a borrower were trading in the secondary market
around 80 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD627 million term loan is scheduled to mature on June 6,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is Canada.


DIAMOND BC: Bank Debt Trades at 19% Discount
--------------------------------------------
Participations in a syndicated loan under which Diamond BC BV is a
borrower were trading in the secondary market around 81
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD900 million term loan is scheduled to mature on September 6,
2024.  As of April 24, 2020, USD873 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


DIAMOND OFFSHORE: Moody's Cuts PDR to D-PD on Bankruptcy Filing
---------------------------------------------------------------
Moody's Investors Service downgraded Diamond Offshore Drilling,
Inc.'s Probability of Default Rating to D-PD from Ca-PD, and
concurrently affirmed the Ca Corporate Family Rating and senior
unsecured notes ratings. The rating outlook remains negative. These
actions follow Diamond's bankruptcy filing.

Downgrades:

Issuer: Diamond Offshore Drilling, Inc.

Probability of Default Rating, Downgraded to D-PD from Ca-PD

Affirmations:

Issuer: Diamond Offshore Drilling, Inc.

Corporate Family Rating, Affirmed Ca

Senior Unsecured Notes, Affirmed Ca (LGD4)

Outlook Actions:

Issuer: Diamond Offshore Drilling, Inc.

Outlook, Remains Negative

RATINGS RATIONALE

Diamond filed for bankruptcy under Chapter 11 in the US Bankruptcy
Court for the Southern District of Texas on April 26, 2020. The
bankruptcy filing has resulted in a downgrade of Diamond's PDR to
D-PD. The Ca CFR and senior notes ratings were affirmed based on
Moody's views on recovery. Shortly following this rating action,
Moody's will withdraw all of Diamond's ratings.

The rapid and widening spread of the coronavirus outbreak,
deteriorating global economic outlook, falling oil prices, and
asset price declines are creating a severe and extensive credit
shock across many sectors, regions and markets. The combined credit
effects of these developments are unprecedented. The oilfield
services and drilling sector is one of the sectors most
significantly affected by the shock given its sensitivity to demand
and oil prices. Diamond is vulnerable to the outbreak continuing to
spread and oil prices remaining weak. Moody's regards the
coronavirus outbreak as a social risk under its ESG framework,
given the substantial implications for public health and safety.
Its action reflects the impact on Diamond's credit quality, the
breadth and severity of the oil demand and supply shocks, and the
broad deterioration in credit quality it has triggered.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The ratings will be withdrawn shortly and no changes to the ratings
are expected prior to the withdrawal.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in May 2017.


DIAMOND RESORTS: Bank Debt Trades at 23% Discount
-------------------------------------------------
Participations in a syndicated loan under which Diamond Resorts
International Inc is a borrower were trading in the secondary
market around 77 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD890 million term loan is scheduled to mature on September 2,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



DIOCESE OF BUFFALO: Seeks to Tap Bond, Schoeneck & King as Counsel
------------------------------------------------------------------
The Diocese of Buffalo, N.Y. seeks approval from the U.S.
Bankruptcy Court for the Western District of New York to hire Bond,
Schoeneck & King, PLLC as its counsel.

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

     (a) advise the Diocese regarding its function and duties as a
debtor-in-possession;

     (b) assist in the preparation of the Diocese's schedules of
assets and liabilities and statement of financial affairs;

     (c) negotiate with all creditors, including secured lenders;

     (d) examine liens against property of the estate;

     (e) negotiate with taxing authorities, if necessary;

     (f) represent the Diocese in proceedings and hearings in the
United States District and Bankruptcy Courts for the Western
District of New York;

     (g) prepare and file on behalf of the Diocese, all necessary
applications, motions, orders, reports, complaints, answers and
other pleadings and documents in the administration of the estate
herein;

     (h) take all necessary action to protect and preserve the
Diocese's estate, including the prosecution of actions on the
Diocese's behalf, the defense of any actions commenced against the
Diocese, negotiations in connection with any litigation in which
the Diocese is involved, and objections to claims filed against the
Diocese's estate;

     (i) provide assistance, advice and representation concerning
the confirmation of any proposed plan(s) and solicitation of any
acceptances or responding to rejections of such plan(s);

     (j) provide assistance, advice and representation concerning
any investigation of the assets, liabilities and financial
condition of the Diocese that may be required under local, state or
federal law;

     (k) provide counsel and representation with respect to
assumption or rejection of executory contracts and leases, sales of
assets and other bankruptcy-related matters arising from this
Chapter 11 Case;

     (l) advise the Diocese regarding all legal matters arising
during the Chapter 11 Case, including, but not limited to,
corporate, finance, intellectual property, tax and commercial
matters; and

     (m) all other pertinent and required representation in
connection with the provisions of the Bankruptcy Code.

The firm and the Diocese have agreed to an overall cap on its rates
in the amount of $380 per hour and from $180 to $380 per hour for
timekeepers who the firm anticipates will provide services in
connection with the Debtor's Chapter 11 case, subject to increase
annually.

Prior to the petition date on February 28, 2020, the Diocese paid
the firm $442,908.19 for legal services rendered in connection with
financial restructuring matters and work associated with the
preparation of this Chapter 11 Case.

On February 27, 2020, the firm received a retainer in the amount of
$232,082.90, to be held and applied to post-petition services
provided to the Diocese, subject to prior approval of the
Bankruptcy Court. No amounts are owing to the firm for prepetition
services.

Charles J. Sullivan, Esq., a member at Bond, Schoeneck & King,
PLLC, disclosed in court filings that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Charles J. Sullivan, Esq.
     BOND, SCHOENECK & KING PLLC
     One Lincoln Center
     Syracuse, NY 13202     

                   About The Diocese of Buffalo

The Diocese of Buffalo, N.Y., is home to nearly 600,000 Catholics
over eight counties in Western New York. The territory of the
diocese is co-extensive with the counties of Erie, Niagara,
Genesee, Orleans, Chautauqua, Wyoming, Cattaraugus and Allegany in
New York State, comprising 161 parishes. There are 144 diocesan
priests and 84 religious priests who reside in the Diocese.

The diocese through its central administrative offices (a) provides
operational support to the Catholic parishes, schools and certain
other Catholic entities that operate within the territory of the
Diocese "OCE"; (b) conducts school operations through which it
provides parish schools with financial and educational support; (c)
provides comprehensive risk management services to the OCEs; (d)
administers a lay pension trust and a priest pension trust for the
benefit of certain employees and priests of the OCEs; and (e)
provides administrative support for St. Joseph Investment Fund,
Inc.

Dealing with sexual abuse claims, the Diocese of Buffalo sought
Chapter 11 protection (Bankr. W.D.N.Y. Case No. 20-10322) on Feb.
28, 2020. The diocese was estimated to have $10 million to $50
million in assets and $50 million to $100 million in liabilities as
of the bankruptcy filing.

The Hon. Carl L. Bucki is the case judge.

Bond, Schoeneck & King, PLLC, led by Stephen A. Donato, Esq., is
the diocese's counsel and Phoenix Management Services, LLC is its
financial advisor. Stretto is the claims agent, maintaining the
page https://case.stretto.com/dioceseofbuffalo/docket.


DIOCESE OF BUFFALO: Taps Phoenix Management as Finance Advisor
--------------------------------------------------------------
The Diocese of Buffalo, N.Y. seeks approval from the U.S.
Bankruptcy Court for the Western District of New York to hire
Phoenix Management Services, LLC as financial advisor.

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

     (a) assist with the preparation of post-petition information
requirements;

     (b) maintain the post-petition budget and prepare variance
reports as may be required by the Court;

     (c) as necessary, assist with the preparation of monthly
financial statements, cash management activities, including claims
management;

     (d) assist in communications with the U.S. Trustee, the
Committee, and other constituents, and assist in the preparation of
responses to inquiries made by these parties;

     (e) provide testimony on behalf of the Diocese;

     (f) assist counsel with preparation of the Plan of
Reorganization and Disclosure Statement; and

     (g) coordinate and assist, as necessary, with the Diocese's
other advisors and professionals.

Prior to the petition date on February 28, 2020, the Diocese paid
the firm $106,364.16 for financial advisory services rendered in
connection with financial restructuring matters and work associated
with the preparation for the commencement of this Chapter 11 Case
and a retainer in the amount of $140,000 to be held and applied to
post-petition services provided to the Diocese, subject to approval
by the Court.

The current hourly rates of the professionals who will render
services to the Diocese in this case are as follows:

     Richard Szekelyi, Managing Director            $395
     Michael Jacoby, Sr. Managing Director          $575
     Administrative Staff/Associates/Analysts       $75-$325

Richard Szekelyi, a managing director of Phoenix Management
Services, LLC, disclosed in court filings that the firm is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Richard Szekelyi
     PHOENIX MANAGEMENT SERVICES LLC
     1382 West Ninth Street, Suite 310
     Cleveland, OH 44113

                   About The Diocese of Buffalo

The Diocese of Buffalo, N.Y., is home to nearly 600,000 Catholics
over eight counties in Western New York. The territory of the
diocese is co-extensive with the counties of Erie, Niagara,
Genesee, Orleans, Chautauqua, Wyoming, Cattaraugus and Allegany in
New York State, comprising 161 parishes. There are 144 diocesan
priests and 84 religious priests who reside in the Diocese.

The diocese through its central administrative offices (a) provides
operational support to the Catholic parishes, schools and certain
other Catholic entities that operate within the territory of the
Diocese "OCE"; (b) conducts school operations through which it
provides parish schools with financial and educational support; (c)
provides comprehensive risk management services to the OCEs; (d)
administers a lay pension trust and a priest pension trust for the
benefit of certain employees and priests of the OCEs; and (e)
provides administrative support for St. Joseph Investment Fund,
Inc.

Dealing with sexual abuse claims, the Diocese of Buffalo sought
Chapter 11 protection (Bankr. W.D.N.Y. Case No. 20-10322) on Feb.
28, 2020. The diocese was estimated to have $10 million to $50
million in assets and $50 million to $100 million in liabilities as
of the bankruptcy filing.

The Hon. Carl L. Bucki is the case judge.

Bond, Schoeneck & King, PLLC, led by Stephen A. Donato, Esq., is
the diocese's counsel and Phoenix Management Services, LLC is its
financial advisor. Stretto is the claims agent, maintaining the
page https://case.stretto.com/dioceseofbuffalo/docket.


DOMINION DIAMOND: Fitch Cuts IDR to D on Insolvency Protection
--------------------------------------------------------------
Fitch has downgraded Dominion Diamond Holdings LLC's Issuer Default
Rating to 'D' from 'CCC'. Fitch also downgraded Washington Diamond
Investments LLC's IDR to 'D' from 'CCC'. Fitch also downgraded the
first-lien secured revolving credit facility to 'CCC'/'RR1' from
'B'/'RR1' and the second-lien secured notes to 'C'/'RR4' from
'CCC+'/'RR3'.

The ratings reflect Dominion Diamond Holdings' announcement that
the company filed for insolvency protection under the Companies'
Creditors Arrangement Act and obtained an order from the Court of
Queen's Bench of Alberta granting protection under the CCAA. DD
intends to use the CCAA process to evaluate strategic alternatives
to restructure the company.

DD received and is considering a proposal from an affiliate of The
Washington Companies, its current equity owner, to provide
debtor-in-possession financing, which could help provide sufficient
liquidity through the CCAA process. This proposal is conditional
upon DD agreeing to: (i) a Memorandum of Understanding regarding a
possible sale of its assets to an affiliate of The Washington
Companies, as a stalking horse bidder; and (ii) bidding procedures
for the solicitation of competing offers to such asset sale, either
to purchase DD's assets or to make an investment in the company. If
the Washington proposal of DIP financing is agreed to by DD, an MOU
for an asset sale and bidding procedures will be subject to
approval from the Court with notice to interested parties.

Whether or not DD agrees to the Washington proposal, it expects to
obtain new financing as part of the restructuring. DD believes that
new financing in combination with available cash should provide
sufficient liquidity to continue to operate during the CCAA
process.

According to DD, the CCAA filing was necessitated primarily by the
impact of the coronavirus pandemic. Although the company has strong
diamond inventory, sorting houses and diamond markets are closed.
These are key channels to facilitate the sale of the company's
inventory, so currently there is no ability to generate sufficient
revenue to support DD's ongoing financial obligations. DD's board
of directors determined that it is in the best interests of the
company and all its stakeholders to seek protection under the
CCAA.

KEY RATING DRIVERS

Coronavirus Pandemic Creates Uncertainty: On March 22, 2020, India
announced a 21-day lockdown, which has since been extended to May
3. India accounts for roughly 90% of the global diamond cutting and
polishing industry. Fitch believes the uncertainty associated with
the duration of the lockdown creates significant risk in the timing
of future diamonds sales. An extended period of the inability to
sell diamonds would quickly result in weak liquidity, negative FCF
before interest and require a capital injection.

Ekati Production Suspended: On March 19, 2020, DD announced a
decision to suspend operations at Ekati to safeguard employees from
the coronavirus pandemic. DD intends to suspend mining and
production activities until the coronavirus pandemic is under
control, with no current timeline established for restarting
production. DD plans to resume mining operations at Ekati when the
spread of the coronavirus subsides and diamond markets reopen, but
both factors remain uncertain. Fitch believes an extended period of
suspended production will result in weak liquidity in the near
term.

Capital Injection Needed: Fitch believes weak diamond market
conditions in the near term will result in negative FCF before
interest in 2020 and 2021. Prior to the coronavirus pandemic, Fitch
viewed DD's capital structure as unsustainable given EBITDA
generation significantly below expectations. Already weak diamond
market conditions were further exacerbated by the coronavirus
pandemic putting pressure on the company's sales, production and
liquidity. As a result, Fitch believes DD will require a capital
injection in the near term to address cash burn.

DD recently announced that it filed for insolvency protection under
the CCAA, which was granted. DD is considering a proposal from The
Washington Companies to provide DIP financing, which would help
provide sufficient liquidity through the CCAA process. Whether or
not DD agrees to Washington's proposal, DD expects to obtain new
financing as part of the restructuring. DD believes this combined
with DD's available cash, should provide sufficient liquidity to
continue to operate during the CCAA process.

KEY ASSUMPTIONS

The recovery analysis assumes DD would be considered a going
concern in bankruptcy and that the company would be reorganized
rather than liquidated. Assumptions for the going concern approach
are outlined below.

Fitch assumed a bankruptcy scenario exit GC EBITDA of $130 million.
The EBITDA estimate is reflective of variable production levels,
which tend to fluctuate with kimberlite mix shifts and could
potentially heighten refinancing risk. The lower GC EBITDA estimate
incorporates a scenario of material supply chain disruption and
prolonged ongoing weakness in the diamond market. The GC EBITDA
estimate also reflects the volatility and unpredictability of
diamond prices.

Fitch applies EBITDA multiples generally ranging from 4.0x-6.0x for
mining issuers, given the cyclical nature of commodity prices. DD's
3.5x multiple reflects its concentration in a single commodity and
the unpredictability of diamond prices. The 3.5x multiple compares
with The Washington Companies' purchase multiple for DD of roughly
4.2x LTM July 31, 2017 EBITDA of $287 million.

Fitch applies a GC EBITDA of $130 million and a 3.5x enterprise
value multiple, which results in an EV of $455 million and compares
relatively closely with Fitch's estimated liquidation value. Fitch
assumed the revolving credit facility is fully drawn and a 10%
administrative claim in the recovery analysis. The recovery
analysis results in a 100% recovery for the first-lien senior
secured revolver rated 'CCC'/'RR1' and a 47% recovery for the
second-lien senior secured notes rated 'C'/'RR4'.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Non-Financial Corporate
issuers have a best-case rating upgrade scenario (defined as the
99th percentile of rating transitions, measured in a positive
direction) of three notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of four notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are
based on historical performance.


DRILLING INFO: Bank Debt Trades at 20% Discount
-----------------------------------------------
Participations in a syndicated loan under which Drilling Info
Holdings Inc is a borrower were trading in the secondary market
around 80 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD693 million term loan is scheduled to mature on July 30,
2025.  As of April 24, 2020, USD689 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


DXP ENTERPRISES: Bank Debt Trades at 16% Discount
--------------------------------------------------
Participations in a syndicated loan under which DXP Enterprises
Inc/TX is a borrower were trading in the secondary market around 84
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The $249 million term loan is scheduled to mature on August 29,
2023.  As of April 24, 2020, $244 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



EAB GLOBAL: Bank Debt Trades at 16% Discount
--------------------------------------------
Participations in a syndicated loan under which EAB Global Inc is a
borrower were trading in the secondary market around 84
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD540 million term loan is scheduled to mature on September
29, 2024.  As of April 24, 2020, the full amount has been drawn and
is outstanding.

The Company's country of domicile is U.S.


EDGEWOOD PARTNERS: Bank Debt Trades at 25% Discount
---------------------------------------------------
Participations in a syndicated loan under which Edgewood Partners
Holdings LLC is a borrower were trading in the secondary market
around 75 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD890 million term loan is scheduled to mature on September 8,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



EG AMERICA: Bank Debt Trades at 22% Discount
--------------------------------------------
Participations in a syndicated loan under which EG America LLC is a
borrower were trading in the secondary market around 78
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD245 million term loan is scheduled to mature on April 20,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S


ELECTRONICS FOR IMAGING: Bank Debt Trades at 22% Discount
---------------------------------------------------------
Participations in a syndicated loan under which Electronics For
Imaging Inc is a borrower were trading in the secondary market
around 79 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD875 million term loan is scheduled to mature on July 23,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


ELEVATE TEXTILES: Bank Debt Trades at 34% Discount
--------------------------------------------------
Participations in a syndicated loan under which Elevate Textiles
Inc is a borrower were trading in the secondary market around 66
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD585 million term loan is scheduled to mature on May 1, 2024.
As of April 24, 2020, USD559 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


ELEVATE TEXTILES: Bank Debt Trades at 58% Discount
--------------------------------------------------
Participations in a syndicated loan under which Elevate Textiles
Inc is a borrower were trading in the secondary market around 42
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD125 million term loan is scheduled to mature on May 1, 2025.
As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


ELLSWORTH HANSEN: Creditors to Get $500 From Rent for 3 Years
-------------------------------------------------------------
Debtor Ellsworth Hansen Associates LLC filed with the U.S.
Bankruptcy Court for the District of Maryland at Baltimore a
Disclosure Statement for its Chapter 11 Plan of Reorganization
dated April 12, 2020.

The Debtor’s only source of income is $500 per month paid to it
as rent by the Hansens for the use of Williams Avenue.

BHHS' claim for legal fees is secured against Williams Avenue as it
was a Circuit Court judgment entered in the county where the Debtor
owned real property.  The secured claim shall retain its lien and
priority until payoff of its claim.

Internal Revenue Service has filed an unsecured, non-priority claim
in the amount of $474.41 which Debtor will object to.  The Debtor
believes that no debt is owed to IRS.

L&F has filed an unsecured claim in the amount of $24,765.  The
Debtor will file an objection to the amount of the claim as
attorney fees were not set by the Carroll County Circuit Court in
its summary judgment order and the amount of the claim is not
supported by general lodestar principals for determination of
attorney fees.  The Debtor does not dispute that a reasonable
amount of attorney fees may be payable to L&F under the summary
judgment order.  Once determined, the attorney fees will be paid
through the Plan.

The Plan will provide for monthly payments to secured and unsecured
creditors in the amount of $500 for 36 months ($18,000 total
payout).

All Plan payments will be paid within 36 months of the Effective
Date of the Plan.  The Debtor will continue to manage and control
its estate during the remainder of the Chapter 11 case.  The
Debtor's Plan payments will be derived entirely from rent paid to
it by the Hansens.

A full-text copy of the Disclosure Statement dated April 12, 2020,
is available at https://tinyurl.com/su5nkyj from PacerMonitor at no
charge.

The Debtor is represented by:
MILLER & MILLER, LLP
Edward M. Miller
Fed. Bar No.: 024281
39 N. Court St.
Westminster, MD 21157
410-751-5444
E-mail: mmllplawyers @verizon.net

          About Ellsworth Hansen Associates

Ellsworth Hansen Associates LLC, filed a Chapter 11 bankruptcy
petition (Bankr. D. Md. Case No. 19-21159) on Aug. 20, 2019,
estimating under $1 million in both assets and liabilities. The
Debtor is represented by Edward M. Miller, Esq., at Miller &
Miller, LLP.


EMERALD EXPOSITIONS: Bank Debt Trades at 22% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Emerald Expositions
Holding Inc is a borrower were trading in the secondary market
around 78 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD564 million term loan is scheduled to mature on May 22,
2024.  As of April 24, 2020, USD531 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


EMERALD PERFORMANCE: Bank Debt Trades at 19% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Emerald Performance
Materials LLC is a borrower were trading in the secondary market
around 81 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD230 million term loan is scheduled to mature on August 1,
2022.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


EMPLOYBRIDGE LLC: Bank Debt Trades at 21% Discount
--------------------------------------------------
Participations in a syndicated loan under which Employbridge LLC is
a borrower were trading in the secondary market around 79
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD479 million term loan is scheduled to mature on April 18,
2025.  As of April 24, 2020, USD470 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


ENCINO ACQUISITION: Bank Debt Trades at 54% Discount
----------------------------------------------------
Participations in a syndicated loan under which Encino Acquisition
Partners Holdings LLC is a borrower were trading in the secondary
market around 47 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD550 million term loan is scheduled to mature on November 20,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


ENERGY ACQUISITION: Bank Debt Trades at 22% Discount
----------------------------------------------------
Participations in a syndicated loan under which Energy Acquisition
Co Inc is a borrower were trading in the secondary market around 79
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD583 million term loan is scheduled to mature on June 26,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


ENERGY ACQUISITION: Bank Debt Trades at 34% Discount
----------------------------------------------------
Participations in a syndicated loan under which Energy Acquisition
Co Inc is a borrower were trading in the secondary market around 66
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD115 million term loan is scheduled to mature on June 26,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


ENTEGRIS INC: S&P Rates $350MM Senior Unsecured Notes 'BB'
----------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level and '5' recovery
ratings to Billerica, Mass.-based semiconductor device products
manufacturer Entegris Inc.'s announced issuance of $350 million
senior unsecured notes. S&P expects the company to use the net
proceeds to repay outstanding debt in stages, which will include
the repayment of revolver borrowings of approximately $142 million
immediately and the repayment of approximately $200 million in term
loan borrowings over the course of next several quarters subject to
market conditions. The '5' recovery rating on the new notes
indicates S&P's expectation of modest (10%-30%; rounded estimate:
15%) recovery of principal in the event of a payment default.

All existing issue-level and recovery ratings remain unaffected.

"Based on the anticipated repayment of first-lien term loan over
the course of the year, we expect the recovery prospect on the
first lien debt to improve. However, we note the debt ratings of
'BB+' companies are capped at one-notch above the corporate credit
rating, because of our view that better rated high yield companies
are further away from a hypothetical default thus making recovery
prospect less predictable based on the current capital structure,"
S&P said.

S&P's 'BB+' corporate credit rating and stable outlook on Entegris
are unchanged. Incorporating the new notes and revolver repayment,
S&P estimates leverage at about 1.95x as of March. 31, 2020. Due to
the COVID-19 pandemic, S&P now expects semiconductor industry
revenues to contract by roughly 6% in 2020 compared to 3% growth
forecasted in November 2019. Based on its revised forecast for
smartphone, PCs, and other hardware products, S&P expects
corresponding weakness in overall semiconductor demand. While
supply chain is leaner at this time after a long bout of inventory
correction in 2019, S&P believes the non-memory segment (including
analog, logic, and microcontrollers and microprocessors) will
decline 7% in 2020 in contrast to the rating agency's previous
forecast of 4% growth. S&P could lower the rating on Entegris if
the company pursues material debt-funded acquisitions that causes
leverage to rise above 3x for a sustained period. S&P would also
consider a downgrade if a slowdown in the semiconductor industry
lead to significant revenue declines, share losses, and margin
pressure at Entegris, such that its leverage sustains above 3x.

Recovery Analysis

-- S&P's simulated default scenario assumes a default in 2025 due
to a significant decline in wafer production and semiconductor
capital equipment spending.

-- A multiple of 5x is consistent with the multiple that S&P uses
for other hardware companies. S&P also assumes bankruptcy
administrative expenses of 5%.

Simulated default assumptions

-- Simulated year of default: 2025
-- Emergence EBITDA: $136.6 million
-- EBITDA multiple: 5x
-- Revolver assumed 85% drawn at the time of default.

Simplified waterfall

-- Gross recovery value: $683 million
-- Net enterprise value (after 5% administrative costs): $649
million
-- Obligors/nonobligor valuation split: 25%/75%
-- Estimated first-lien claim: $648 million
-- Value available for first-lien claim: $479 million
-- Recovery expectations: 70%-90% (rounded estimate: 75%)
-- Estimated senior unsecured notes claim: $920 million
-- Value available for senior unsecured notes claim: $170 million
-- Recovery expectations: 10%-30% (rounded estimate: 15%)

Note: All debt amounts include six months of prepetition interest.


ENVISION HEALTHCARE: Bank Debt Trades at 33% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Envision Healthcare
Corp is a borrower were trading in the secondary market around 67
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD5,450 million term loan is scheduled to mature on October
10, 2025.  As of April 24, 2020, USD5,382 million from the loan
remains outstanding.

The Company's country of domicile is U.S.



EPIC Y-GRADE: Bank Debt Trades at 25% Discount
----------------------------------------------
Participations in a syndicated loan under which EPIC Y-Grade
Services LP is a borrower were trading in the secondary market
around 75 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD950 million term loan is scheduled to mature on June 13,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



EQUINOX HOLDINGS: Bank Debt Trades at 20% Discount
--------------------------------------------------
Participations in a syndicated loan under which Equinox Holdings
Inc is a borrower were trading in the secondary market around 80
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD1021 million term loan is scheduled to mature on March 8,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



ERC FINANCE: Bank Debt Trades at 15% Discount
---------------------------------------------
Participations in a syndicated loan under which ERC Finance LLC is
a borrower were trading in the secondary market around 85
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD190 million term loan is scheduled to mature on September
21, 2024.  As of April 24, 2020, the full amount has been drawn and
is outstanding.

The Company's country of domicile is U.S.


EXACTECH INC: Bank Debt Trades at 20% Discount
----------------------------------------------
Participations in a syndicated loan under which Exactech Inc is a
borrower were trading in the secondary market around 80
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD235 million term loan is scheduled to mature on February 14,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



EXCEL FITNESS: Bank Debt Trades at 24% Discount
-----------------------------------------------
Participations in a syndicated loan under which Excel Fitness
Holdings Inc is a borrower were trading in the secondary market
around 76 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD260 million term loan is scheduled to mature on October 7,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


EYECARE PARTNERS: Bank Debt Trades at 18% Discount
---------------------------------------------------
Participations in a syndicated loan under which Eyecare Partners
LLC is a borrower were trading in the secondary market around 82
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD175 million facility is a delay-draw term loan.  It is
scheduled to mature on February 20, 2027.  

The Company's country of domicile is U.S.



FASTLANE PARENT: Bank Debt Trades at 24% Discount
-------------------------------------------------
Participations in a syndicated loan under which Fastlane Parent Co
Inc is a borrower were trading in the secondary market around 76
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD225 million term loan is scheduled to mature on December 19,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



FIELDWOOD ENERGY: Bank Debt Trades at 71% Discount
--------------------------------------------------
Participations in a syndicated loan under which Fieldwood Energy
LLC is a borrower were trading in the secondary market around 29
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD1143 million term loan is scheduled to mature on April 11,
2022.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


FIFTH DAY: Seeks Court Approval to Hire FGMK LLC as Accountants
---------------------------------------------------------------
Fifth Day Restaurants, LLC seeks approval from the U.S. Bankruptcy
Court for the Central District of Illinois to employ FGMK LLC as
its accountants.

The Debtor requires the assistance of the accountant firm in, among
other duties, preparation of its annual returns and to answer
questions by parties in interest about its tax reporting. The
Debtor is currently due for the filing of its 2019 income tax
return and other annual filings.

Robert H. Rehbock, the FGMK accountant that will be responsible for
the Debtor's tax filings, has current bills at the rate of $510 per
hour, which rate is subject to review and change.

Any compensation of FGMK would be through application and order of
this Court pursuant to 11 U.S.C. Section 327, with a date, subject
and time (to the tenth of an hour) description for work done in the
case.

FGMK was employed by the Debtor prior to the filing of the Chapter
11 petition and it does work for affiliated entities and the
personal returns for management of the Debtor. In the opinion of
the Debtor, the past experience of FGMK with the Debtor and its
knowledge of the affiliated entities will be valuable and reduce
the costs associated with this case as the required annual tax
filings are complex.

The firm can be reached through:

     Robert S. Rehbock
     FGMK LLC
     2801 Lakeside Drive, 3rd Floor
     Bannockburn, IL 60015
     Telephone: (847) 940-3263
     E-mail: BRehbock@fgmk.com

                    About Fifth Day Restaurants

Fifth Day Restaurants, LLC, doing business as T.G.I. Fridays, is in
the restaurants industry.

Fifth Day Restaurant filed its voluntary petition under Chapter 11
of the Bankruptcy Code (Bankr. C.D. Ill. Case No. 20-80285) on
March 2, 2020. In the petition signed by William H. Torchia, its
manager, the Debtor was estimated to have $500,000 to $1 million in
assets and $1 million to $10 million in liabilities. Sumner A.
Bourne, Esq., at Rafool & Bourne, P.C., serves as the Debtor's
bankruptcy counsel.


FIRST AMERICAN: Bank Debt Trades at 20% Discount
------------------------------------------------
Participations in a syndicated loan under which First American
Payment Systems LP is a borrower were trading in the secondary
market around 80 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD275 million term loan is scheduled to mature on March 4,
2027.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



FITNESS INTERNATIONAL: Bank Debt Trades at 25% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Fitness
International LLC is a borrower were trading in the secondary
market around 76 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD675 million term loan is scheduled to mature on April 18,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



FLEXENTIAL INTERMEDIATE: Bank Debt Trades at 62% Discount
---------------------------------------------------------
Participations in a syndicated loan under which Flexential
Intermediate Corp is a borrower were trading in the secondary
market around 38 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD310 million term loan is scheduled to mature on August 1,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


FOGO DE: Bank Debt Trades at 38% Discount
-----------------------------------------
Participations in a syndicated loan under which Fogo De Chao Inc is
a borrower were trading in the secondary market around 62
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD324 million term loan is scheduled to mature on April 5,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


FORESIGHT ENERGY: Bank Debt Trades at 77% Discount
--------------------------------------------------
Participations in a syndicated loan under which Foresight Energy
LLC is a borrower were trading in the secondary market around 23
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD825 million term loan is scheduled to mature on March 28,
2022.  As of April 24, 2020, USD741 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



FORM TECHNOLOGIES: Bank Debt Trades at 40% Discount
---------------------------------------------------
Participations in a syndicated loan under which Form Technologies
LLC is a borrower were trading in the secondary market around 60
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD855 million term loan is scheduled to mature on January 28,
2022.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


FORM TECHNOLOGIES: Bank Debt Trades at 48% Discount
---------------------------------------------------
Participations in a syndicated loan under which Form Technologies
LLC is a borrower were trading in the secondary market around 52
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD220 million term loan is scheduled to mature on January 30,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


FORT DEARBORN: Bank Debt Trades at 20% Discount
-----------------------------------------------
Participations in a syndicated loan under which Fort Dearborn
Holding Co Inc is a borrower were trading in the secondary market
around 80 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD480 million term loan is scheduled to mature on October 19,
2023.  As of April 24, 2020, USD463 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


FREEDOM CAPITAL: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The Office of the U.S. Trustee on April 28 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Freedom Capital Ventures, LLC.
  
                About Freedom Capital Ventures

Freedom Capital Ventures LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Ga. Case No. 20-63430) on Feb. 27,
2020, listing under $1 million in both assets and liabilities.
Judge Paul Baisier oversees the case.  Kenneth Mitchell, Esq. at
Giddens, Mitchell & Associates P.C. serves as Debtor's counsel.


FRONTERA GENERATION: Bank Debt Trades at 30% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Frontera Generation
Holdings LLC is a borrower were trading in the secondary market
around 70 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD775 million term loan is scheduled to mature on May 2, 2025.
As of April 24, 2020, USD765 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


FUWEI FILMS: Posts RMB11.4 Million Net Income in 2019
-----------------------------------------------------
Fuwei Films (Holdings) Co., Ltd. reported net income of RMB11.36
million on RMB335.62 million of net sales for the year ended
Dec. 31, 2019, compared to a net loss of RMB22.17 million on
RMB333.52 million of net sales for the year ended Dec. 31, 2018.

As of Dec. 31, 2019, the Company had RMB465.97 million in total
assets, RMB257.78 million in total liabilities, and RMB208.19
million in total equity.

Shandong Haoxin Certified Public Accountants Co., Ltd., in Weifang,
the People's Republic of China, the Company's auditor since 2020,
issued a "going concern" qualification in its report dated April
28, 2020 citing that the Company has a significant working capital
deficiency as of Dec. 31, 2019, the Company needs to raise
additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

Net cash provided by operating activities was RMB54.4 million for
the year ended Dec. 31, 2019.

Net cash used in investing activities was RMB12.6 million in 2019
mainly attributable to the increased expenditure of purchasing
fixed assets.

Net cash used in financing activities was RMB2.3 million for the
year ended Dec. 31, 2019, which was mainly due to changes in the
amount of notes payable and loans from related party

A full-text copy of the Form 20-F is available for free at the
Securities and Exchange Commission's website at:

                          https://is.gd/Ghhq3F

                            About Fuwei Films

Headquartered in Weifang Shandong, People's Republic of China,
Fuwei Films (Holdings) Co., Ltd. develops, manufactures, and
distributes plastic film using the biaxially-oriented stretch
technique, otherwise known as BOPET film (biaxially-oriented
polyethylene terephthalate).  The film is light-weight, non-toxic,
odorless, transparent, glossy, temperature and moisture-resistant,
making it suitable for many forms of flexible packaging, printing,
laminating, aluminum-plating and other applications.  In addition,
it retains high dielectric strength and volume resistance even at
high temperatures, which are essential qualities for electrical and
electronic uses.  The Company's BOPET film is widely used in
consumer based packaging (such as food, pharmaceutical, cosmetics,
tobacco and alcohol industries), imaging (such as printing plates
and microfilms), electronics and electrical industries (such as PCB
products, capacitors and motor insulation), as well as in magnetic
products (such as audio and video tapes).  The Company markets its
products under its brand name of "Fuwei Films".


FXI HOLDINGS: S&P Downgrades ICR to 'CCC+'; Outlook Negative
------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on FXI Holdings
Inc. to 'CCC+' from 'B-'. At the same time, S&P lowered its
issue-level ratings on the company to 'CCC+' from 'B-'.

"The downgrade reflects the very challenging macroeconomic
conditions we believe FXI Holdings Inc. will face over the next 12
months and the anticipated weakening of its credit metrics relative
to our previous expectations. We anticipate that the company's pro
forma funds from operations (FFO)-to-total debt ratio will be in
the very low single digit percent area over our forecast period,
which compares with our previous expectation for pro forma FFO to
debt in the low- to mid-single-digit percent range. Additionally,
we expect FXI's pro forma debt to EBITDA to exceed our previous
expectation for less than 8x. We also anticipate that the company's
earnings in 2020 will be weaker than our previous expectations,"
S&P said.

"The negative outlook on FXI reflects the risk that macroeconomic
conditions will weaken by more than we anticipate, leading its
credit metrics to decline even further. We currently believe that
the company's pro forma leverage will be between 8x and 9x and
expect its pro forma FFO-to-debt ratio to be in the low-single
digit percent area over our forecast period," S&P said.

S&P's base-case scenario assumes that a U.S. economic contraction
reduces the demand for FXI's products. The rating agency bases this
assumption on its belief that the demand in the company's key end
markets will decline in 2020 because of the global recessionary
conditions. Despite these assumptions, S&P believes the uncertainty
related to the ongoing effects of the coronavirus on various
sectors of the economy could portend a greater economic slowdown
than it currently factors into its ratings. S&P reflects this
uncertainty with its negative outlook.

"We could lower our rating on FXI over the next few months if we
expect the company's liquidity position to deteriorate because of
depressed EBITDA or covenant challenges. Additionally, we could
lower the rating if we expect that leverage would approach
double-digits or if we expect FXI's owners to take dividends. We
could also lower our ratings if the company repurchased debt in a
manner that we consider to be a distressed exchange. We could also
lower ratings if integration is more costly than anticipated or if
company fails to meet synergy targets," S&P said.

"We could revise our outlook on FXI to stable if its earnings
weaken by less than we currently anticipate or if we believe its
end markets will bounce back quickly. We would require the company
to establish a brief track record of improving its volumes and
earnings over at least a few quarters before revising our outlook,"
the rating agency said.


GAINESVILLE & HALL: Fitch Cuts Rating on $52MM of 2017 Bonds to BB
------------------------------------------------------------------
Fitch Ratings has downgraded the rating on approximately $52
million of Gainesville & Hall County Development Authority series
2017 refunding revenue bonds issued on behalf of Riverside Military
Academy and RMA's Issuer Default Rating to 'BB' from 'BBB-'.

The Rating Outlook is revised to Negative from Stable.

SECURITY

The bonds are an absolute and unconditional obligation of RMA,
secured by a first lien on the academy's campus and a cash-funded
DSRF.

ANALYTICAL CONCLUSION

The downgrade of the IDR and general revenue bond rating to 'BB'
from 'BBB-' reflects Fitch's expectation for weakened leverage
metrics through near-term economic volatility as well as Fitch's
concern that the coronavirus pandemic may result in meaningful
enrollment and revenue declines. RMA's enrollment cycle and cash
flow stability rely on rolling matriculation throughout the
academic year, including a growing base of international students.
The academy received approximately $2 million of forgivable loans
from the SBA, which Fitch expects may ease some operating pressure
in fiscal 2020, but near-term revenue vulnerability remains.

The recent outbreak of the coronavirus and related mitigation
measures create an uncertain environment for the U.S. nonprofits.
Fitch's forward-looking analysis is informed by management
expectations and by the common set of baseline and downside
macroeconomic scenarios. Fitch's scenarios will evolve as needed
during this dynamic period. Currently, Fitch's baseline scenario
includes a sharp economic contraction in the second quarter of
2020, with recovery starting in the third quarter. For private
education, the baseline case assumes that most residential campuses
will reopen for fall 2020 following three to four months of
closure.

The Negative Outlook includes Fitch's assessment of RMA's financial
profile through Fitch's baseline coronavirus scenario and
incorporates the academy's susceptibility to enrollment and revenue
pressures should operations not resume with enrollment stability in
fall 2020. Rating sensitivities noted below address potential
rating implications under Fitch's downside scenario, which assumes
a slower economic recovery and prolonged or recurring
coronavirus-related disruptions into 2021.

KEY RATING DRIVERS

Revenue Defensibility: 'Midrange'

Fitch's assessment of revenue defensibility reflects RMA's stable
position and historical pricing power, as evidenced by solid
enrollment and revenue growth trends as well as modest draws from
long-term investments. These strengths partially mitigate high
reliance on student-generated revenues, which Fitch will monitor
closely as RMA works to rebound from coronavirus-related revenue
volatility.

Operating Risk: 'Midrange'

RMA's generally variable operating expenses with limited labor
constraints provide sound operating cost flexibility. The ability
to efficiently manage existing resources and limited future capital
plans moderate RMA's operating risk.

Financial Profile: 'Weaker'

Fitch assessed RMA's financial profile as weaker, driven by balance
sheet sensitivity to near-term economic volatility and potential
revenue softening. Fitch's scenario analysis reflects cash
available to pay debt service to adjusted debt declining to around
30%, and net adjusted debt to net income available for debt service
increasing to around 8x.

ASYMMETRIC RISK ADDITIVE CONSIDERATIONS

There were no asymmetric considerations incorporated in RMA's
rating.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade:

  -- A demonstrated trend of consistent enrollment and tuition
revenue growth;

  -- Improved balance sheet ratios with unrestricted cash and
investments to adjusted debt consistently above 50%.

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade:

  -- Declines in enrollment and net tuition revenues that pressure
the academy's ability to service debt;

  -- Deterioration of cash available to pay debt service to levels
consistently below 30% of adjusted debt;

  -- A consistent trend of draws from endowment funds above
sustainable levels.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Public Finance issuers have a
best-case rating upgrade scenario (defined as the 99th percentile
of rating transitions, measured in a positive direction) of three
notches over a three-year rating horizon; and a worst-case rating
downgrade scenario (defined as the 99th percentile of rating
transitions, measured in a negative direction) of three notches
over three years. The complete span of best- and worst-case
scenario credit ratings for all rating categories ranges from 'AAA'
to 'D'. Best- and worst-case scenario credit ratings are based on
historical performance.

CREDIT PROFILE

Founded in 1907, RMA is a military-style college preparatory school
for boys, offering boarding and day school programs for grades
7-12. The academy is located on a 206-acre campus in Gainesville,
Georgia, about 60 miles northeast of Atlanta. The academy holds
dual-accreditation from the Southern Association of Independent
Schools and the Southern Association of Colleges and Schools, which
was renewed in 2017.

ASYMMETRIC RISK ADDITIVE CONSIDERATIONS

In addition to the sources of information identified in Fitch's
applicable criteria specified below, this action was informed by
information from Lumesis.

REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF
RATING

The principal sources of information used in the analysis are
described in the Applicable Criteria.

ESG CONSIDERATIONS

ESG issues are credit neutral or have only a minimal credit impact
on the entity(ies), either due to their nature or the way in which
they are being managed by the entity(ies).


GAP INC: S&P Downgrades ICR to BB- on COVID-19-Related Challenges
-----------------------------------------------------------------
S&P Global Ratings lowered its ratings on Gap Inc. and its existing
debt to 'BB-' from 'BB'. At the same time, S&P assigned a 'BB'
issue-level rating and '2' recovery rating to the company's
proposed series of senior secured notes with varying maturities.

Disruptions from the COVID-19 pandemic are weighing heavily on The
Gap Inc.'s operating performance.   The company's North American
stores (which represent about 83% of company-operated locations)
have been closed since mid-March and reopening dates remain
uncertain in light of current government restrictions in place to
help slow the spread of COVID-19.

"We believe this period of disruption will result in permanent
sales losses as seasonal apparel purchases are highly discretionary
and not deferred. The company's online channel, which represents
about 25% of total sales, remains operational. We believe recent
events will likely accelerate long-term consumer adoption of online
shopping, but we expect immediate incremental gains at Gap Inc.
will be limited due to weak economic conditions. As a result, we
believe sharply lower topline results will drive elevated levels of
cash burn. Moreover, we expect current promotional online activity
will segue to heavy discounting once stores reopen due to
heightened competitive pressures and a need to clear excess
inventory," S&P said.

The negative outlook reflects S&P's view that Gap Inc.'s
performance will be severely pressured this year amid much
uncertainty regarding how long operations will be disrupted and
when consumer spending will reaccelerate.

"We could lower our rating if Gap Inc. encounters
greater-than-anticipated setbacks from COVID-19-related challenges,
delaying a performance turnaround such that it stymies cash flow
generation and we no longer expect leverage to return to below 4x
by the end of fiscal 2021," S&P said.

"We could revise the outlook to stable if efforts to reignite
consumer spending are successful and Gap Inc. demonstrates on-track
recovery. Under this scenario, operating results would show
sequential improvement beginning in the second half of 2020, and
the company would be on pace to generate more than $500 million of
free operating cash flow in 2021," the rating agency said.


GATEWAY CASINOS: Bank Debt Trades at 23% Discount
-------------------------------------------------
Participations in a syndicated loan under which Gateway Casinos &
Entertainment Ltd is a borrower were trading in the secondary
market around 77 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD440 million term loan is scheduled to mature on March 13,
2025.  As of April 24, 2020, USD432 million from the loan remains
outstanding.

The Company's country of domicile is Canada.


GAVILAN RESOURCES: Bank Debt Trades at 80% Discount
---------------------------------------------------
Participations in a syndicated loan under which Gavilan Resources
LLC is a borrower were trading in the secondary market around 20
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD450 million term loan is scheduled to mature on March 1,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


GC EOS BUYER: Bank Debt Trades at 19% Discount
----------------------------------------------
Participations in a syndicated loan under which GC EOS Buyer Inc is
a borrower were trading in the secondary market around 81
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD620 million term loan is scheduled to mature on August 1,
2025.  As of April 24, 2020, USD611 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


GC EOS: Bank Debt Trades at 24% Discount
----------------------------------------
Participations in a syndicated loan under which GC EOS Buyer Inc is
a borrower were trading in the secondary market around 76
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD75 million term loan is scheduled to mature on August 1,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


GC EOS: Bank Debt Trades at 34% Discount
----------------------------------------
Participations in a syndicated loan under which GC EOS Buyer Inc is
a borrower were trading in the secondary market around 66
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD180 million term loan is scheduled to mature on August 1,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


GENCANNA GLOBAL: Panel Hires GlassRatner as Financial Advisor
-------------------------------------------------------------
The Official Committee of Unsecured Creditors of GenCanna Global
USA, Inc. and its debtor-affiliates sought and obtained approval
from the U.S. Bankruptcy Court for the Eastern District of Kentucky
to hire GlassRatner Advisory & Capital Group, LLC as financial
advisor.
   
The firm will provide these services to the Committee in connection
with the Debtors' Chapter 11 case:

     (a) analyze the financial operations of the Debtors pre- and
post-petition, as necessary;

     (b) analyze the financial ramifications of any proposed
transactions for which the Debtors seek Bankruptcy Court approval;


     (c) conduct any requested financial analysis;  

     (d) assist the Committee in its review of monthly statements
of operations submitted by the Debtors;

     (e) assist the Committee in its evaluation of cash flow and/or
other projections prepared by the Debtors;

     (f) perform forensic investigation services, as requested by
the Committee and counsel;

     (g) analyze transactions with insiders, related, and/or
affiliated companies;

     (h) analyze various cash management, shared services, and
other agreements and arrangements between the Debtor and related
parties;

     (i) testify at hearings from time to time as required by the
circumstances; and

     (j) provide such other additional services as are requested by
the Committee in the exercise of the Committee's duties.

The professionals designated to represent the debtors in possession
will be paid at these hourly rates:

     Seth R. Freeman, Senior Managing Director      $500
     George Demo, Senior Managing Director          $400
     Nick Welch, Managing Director                  $375
     Other Senior Managing Directors and Principals $375-$900
     Other Directors and Associates                 $195-$395

Seth R. Freeman, senior managing director of GlassRatner Advisory &
Capital Group, LLC, 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 through:

     Seth R. Freeman
     GlassRatner Advisory & Capital Group, LLC
     3445 Peachtree Road, Suite 1225
     Atlanta, GA 30326

                  About GenCanna Global USA, Inc.

GenCanna Global USA, Inc. -- https://gencanna.com/ -- is a
vertically-integrated producer of hemp and hemp-derived CBD
products with a focus on delivering social, economic and
environmental impact through seed-to-scale agricultural
production.

GenCanna Global USA was the subject of an involuntary Chapter 11
proceeding (Bankr. E.D. Ky. Case No. 20-50133) filed on Jan. 24,
2020.  The involuntary petition was signed by alleged creditors
Pinnacle, Inc., Crawford Sales, Inc., and Integrity/Architecture,
PLLC.  

On Feb. 6, 2020, GenCanna Global USA consented to the involuntary
petition and on Feb. 5, 2020, two affiliates, GenCanna Global Inc.
and Hemp Kentucky LLC, filed their own voluntary Chapter 11
petitions.

Laura Day DelCotto, Esq., at DelCotto Law Group PLLC, represents
the petitioners.

The Debtors tapped Benesch Friedlander Coplan & Aronoff, LLP and
Dentons Bingham Greenebaum, LLP as legal counsel; Huron Consulting
Services, LLC as operational advisor; and Jefferies, LLC as
financial advisor. Epig is the claims agent, which maintains the
page https://dm.epiq11.com/GenCanna.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on Feb. 18, 2020.  The committee tapped Foley & Lardner
LLP as its bankruptcy counsel, and DelCotto Law Group PLLC as its
local counsel.


GENERAL NUTRITION: Bank Debt Trades at 29% Discount
---------------------------------------------------
Participations in a syndicated loan under which General Nutrition
Centers Inc is a borrower were trading in the secondary market
around 71 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD979 million term loan is scheduled to mature on March 4,
2021.  As of April 24, 2020, USD438 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


GENUINE FINANCIAL: Bank Debt Trades at 22% Discount
---------------------------------------------------
Participations in a syndicated loan under which Genuine Financial
Holdings LLC is a borrower were trading in the secondary market
around 78 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD215 million term loan is scheduled to mature on July 12,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


GIGA-TRONICS INC: Secures $786K PPP Loan from Western Alliance
--------------------------------------------------------------
Giga-tronics Incorporated borrowed $786,200 from Western Alliance
Bank pursuant to the Paycheck Protection Program under the
Coronavirus Aid, Relief, and Economic Security Act.

The Loan is evidenced by a promissory note dated April 21, 2020 and
matures on April 23, 2022.  The Loan bears interest at a rate of
1.0% per annum.  Principal and interest are payable monthly
commencing on Nov. 1, 2020 and may be prepaid by the Company at any
time prior to maturity with no prepayment penalties.  The
Promissory Note contains other customary terms, including
representations, events of defaults and remedies.

A portion of the principal and accrued interest under the
Promissory Note may be forgivable by the U.S. Small Business
Administration after eight weeks if the Company uses the Loan
proceeds for certain purposes designated in the Act, including
payroll costs (as defined in the Act), rents and utilities during
the eight weeks following the origination of the Loan and otherwise
complies with PPP requirements.  In order to obtain forgiveness of
the Loan, the Company must submit a request and provide
satisfactory documentation regarding its compliance with applicable
requirements.  The Company must repay any unforgiven principal
amount of the Promissory Note, with interest.  The Loan provides
the Company with additional capital and liquidity, which were
adversely affected by circumstances related to the COVID-19
pandemic.  The Company intends to use a significant portion of the
proceeds of the Loan for payroll costs, rents and utilities and to
seek forgiveness for those amounts, although the Company may take
action that could cause some or all of the Loan to become
ineligible for forgiveness.

                        About Giga-Tronics

Headquartered in Dublin, California, Giga-Tronics Incorporated
produces RADAR filters and Microwave Integrated Components for use
in military defense applications as well as sophisticated RADAR and
Electronic Warfare (RADAR/EW) test products primarily used in
electronic warfare test & emulation applications.

Giga-Tronics reported a net loss of $1.04 million for the year
ended March 30, 2019, a net loss of $3.10 million for the year
ended March 31, 2018, and a net loss of $1.54 million for the year
ended March 25, 2017.  As of Dec. 28, 2019, the Company had $9.18
million in total assets, $4.80 million in total liabilities, and
$4.38 million in total shareholders' equity.


GIGAMON INC: $392-Mil. Bank Debt Trades at 18% Discount
--------------------------------------------------------
Participations in a syndicated loan under which Gigamon Inc is a
borrower were trading in the secondary market around 82
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The $392 million facility is a term loan.  It is scheduled to
mature on December 27, 2024.  

The Company's country of domicile is U.S.



GIGAMON INC: Bank Debt Trades at 18% Discount
----------------------------------------------
Participations in a syndicated loan under which Gigamon Inc is a
borrower were trading in the secondary market around 82
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The $150 million facility is a term loan.  It is scheduled to
mature on December 27, 2024.  

The Company's country of domicile is U.S.



GK HOLDINGS: Bank Debt Trades at 31% Discount
---------------------------------------------
Participations in a syndicated loan under which GK Holdings Inc is
a borrower were trading in the secondary market around 69
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD175 million term loan is scheduled to mature on January 30,
2021.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


GLOBAL EAGLE: Bank Debt Trades at 43% Discount
----------------------------------------------
Participations in a syndicated loan under which Global Eagle
Entertainment Inc is a borrower were trading in the secondary
market around 57 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD540 million term loan is scheduled to mature on January 6,
2023.  As of April 24, 2020, USD506 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


GLOBAL EAGLE: Delays Filing of Reports Amid COVID-19 Pandemic
-------------------------------------------------------------
Global Eagle Entertainment Inc. previously disclosed in its Form
8-K filed on March 30, 2020, that it is relying on the order issued
by the Securities and Exchange Commission on March 25, 2020
pursuant to Section 36 of the Securities Exchange Act of 1934, as
amended (Release No. 34-88465) regarding exemptions granted to
certain public companies in response to COVID-19 to delay the
filing of its Annual Report on Form 10-K for the year ended Dec.
31, 2019.  The COVID-19 pandemic has disrupted, and continues to
disrupt, the Company's day-to-day activities, including limiting
the Company's access to facilities, as well as the day-to-day
activities of the Company's financial service providers.  These
disruptions have limited support from the Company's staff and
professional advisors.  As a result, the Company is also relying on
the Order to delay the filing of its definitive proxy statement for
its 2020 annual meeting of stockholders, including the information
required by Part III of Form 10-K that is to be incorporated by
reference into the Annual Report.

The Company anticipates that it will be able to file its Annual
Report on or before May 14, 2020 and its Proxy Statement on or
before June 15, 2020.

COVID-19 Risk Factors

In light of the current COVID-19 pandemic, the Company is
supplementing the risk factors previously disclosed in its most
recent periodic reports filed with the SEC with the following risk
factors:

"The rapid spread of contagious illnesses could have a material
adverse effect on our business and results of operations.

"The rapid spread of a contagious illness or pandemic (including
COVID-19), or fear of such an event, has had and could in the
future have a material adverse effect on the demand for worldwide
travel and therefore have a material adverse effect on our
business, our results of operations and the profitability of our
joint venture interests.  As a result of the COVID-19 outbreak,
most of our airline and cruise line customers have temporarily
ceased and/or severely reduced operations in certain markets.  The
spread of COVID-19 or associated strains has had, and could
continue to have, a significant adverse impact on the demand for
worldwide travel and, as a result, our financial results.
Moreover, travel restrictions and operational issues resulting from
the rapid spread of contagious illnesses in parts of the world
where we have significant operations may continue to have a
material adverse effect on our business and results of operations.

"Our business is dependent on the travel industry and the
competitive nature of that industry; it makes our business
sensitive to domestic and international economic conditions.
Our business is directly affected by the number of passengers
flying on commercial airlines and traveling on cruise ships, the
financial condition of these airlines and cruise lines, and the
general availability of travel and related economic conditions
around the world.  If demand for air or maritime travel declines,
the number of aircraft and flights shrink or the travel industry is
severely disrupted, the number of passengers available to use our
Connectivity and Media & Content offerings will be reduced, which
will have a material adverse effect on our financial condition and
prospects.  High unemployment rates, reduced consumer and business
spending, U.S. and global recessionary concerns, pandemics and
terrorism may adversely affect the travel and mobility markets.  A
general reduction or shift in discretionary spending can result in
decreased demand for leisure and business travel and lead to a
reduction in the number of airline flights or cruise lines offered,
the number of passengers flying or taking cruises and the
willingness of airlines and cruise lines to commit to spending
funds on items such as our Connectivity and Media & Content
offerings.

"Many of our airline and maritime customers operate in intensely
competitive environments.  These competitive circumstances could
cause one or more of our customers to reduce expenditures on
passenger and guest services, including our Connectivity and Media
& Content services, which could have a material adverse effect on
our business prospects and financial condition.
In addition, instability and changes in economic and political
conditions across the globe, including inflation, recession,
interest rate fluctuations and actual or anticipated military
conflicts are among the global risks that may impact our business
and our plans for expansion.  Our operations and performance are
sensitive to fluctuations in general economic conditions, both in
the U.S. and globally.  Furthermore, the rapid spread of a
contagious illness or pandemic such as COVID-19, or fear of such an
event, has had and may continue to have a material adverse effect
on the demand for worldwide travel and therefore is likely to have
a material adverse effect on our business and results of
operations.  As a result of COVID-19 there has been a significant
decline in overall travel demand, particularly related to travel
to, from or in certain international markets.  At present, COVID-19
concern is negatively impacting travel demand and therefore our
business. Some countries, including the United States, have
implemented travel bans or restrictions, and airline and maritime
customers have suspended or limited operations as a result.  The
ultimate extent of the COVID-19 outbreak, and its impact on the
global travel industry, is unknown and impossible to predict at
this time.  As a result, the full extent to which COVID-19 will
impact our business and results of operations is unknown. However,
decreased travel demand resulting from COVID-19 is likely to
continue to have a significant negative and material impact on our
business, growth, and results of operations."

                           About Global Eagle

Headquartered in Los Angeles, California, Global Eagle --
http://www.GlobalEagle.com-- is a provider of media, content,
connectivity and data analytics to markets across air, sea and
land.  Global Eagle offers a fully integrated suite of media
content and connectivity solutions to airlines, cruise lines,
commercial ships, high-end yachts, ferries and land
locations worldwide.

Global Eagle incurred a net loss of $236.60 million for the year
ended Dec. 31, 2018, compared to a net loss of $357.11 million for
the year ended Dec. 31, 2017.  As of Sept. 30, 2019, the Company
had $683.41 million in total assets, $1.02 billion in total
liabilities, and a total stockholders' deficit of $340.34 million.

                             *   *   *

As reported by the TCR on April 20, 2020, S&P Global Ratings
lowered all ratings one notch, including the issuer credit rating
on U.S.-based Global Eagle Entertainment Inc. to 'CCC-', to reflect
tightening liquidity, very weak credit metrics in 2020, and
uncertainty around the timing and pace of recovery in travel.

Moody's Investors Service downgraded the corporate family rating of
Global Eagle Entertainment, Inc. to Caa2 from B3, according to a
TCR report dated April 8, 2020.  The downgrade of Global Eagle's
CFR to Caa2 reflects Moody's expectations that the company's
revenue and EBITDA will experience declines in the double-digit
percentage range in 2020 leading to very high leverage (Moody's
adjusted debt to EBITDA) and weak liquidity.


GLOBAL HEALTHCARE: Subsidiary Secures $575K PPP Loan
----------------------------------------------------
Global Eastman, LLC, a wholly owned subsidiary of Global Healthcare
REIT, received $574,975 from Colony Bank, one of Global's existing
lenders, pursuant to the Paycheck Protection Program of the
Coronavirus Aid, Relief, and Economic Security Act (the "CARES
Act").  The PPP Loan matures on April 20, 2022, accrues interest at
1% per annum, and may be prepaid in whole or in part without
penalty.  No interest payments are due within the initial six
months of the PPP Loan.  The interest accrued during the initial
six-month period is due and payable, together with the principal,
on the Maturity Date.  The Company intends to use all proceeds from
the PPP Loan to retain employees, maintain payroll and make lease
and utility payments to support business continuity throughout the
COVID-19 pandemic, which amounts are intended to be eligible for
forgiveness, subject to the provisions of the CARES Act.

                    About Global Healthcare

Headquartered in Niwot, CO, Global Healthcare REIT, Inc. was
organized for the purpose of investing in real estate related to
the long-term care industry.  The Company acquires, develops,
leases, manages and disposes of healthcare real estate, and
provides financing to healthcare providers.  The Company's
portfolio will be comprised of investments in the following five
healthcare segments: (i) senior housing, (ii) life science, (iii)
medical office, (iv) post-acute/skilled nursing and (v) hospital.

Global Healthcare reported a net loss of $2 million for the year
ended Dec. 31, 2018, compared to a net loss of $3 million for the
year ended Dec. 31, 2017.  As of Sept. 30, 2019, the Company had
$40.26 million in total assets, $38.87 million in total
liabilities, and $1.39 million in total equity.

MaloneBailey, LLP, in Houston, Texas, the Company's auditor since
2016, issued a "going concern" qualification in its report dated
April 16, 2019, citing that the Company has suffered recurring
losses from operations and has a net capital deficiency that raises
substantial doubt about its ability to continue as a going concern.


GLOBALFOUNDRIES INC: Bank Debt Trades at 16% Discount
-----------------------------------------------------
Participations in a syndicated loan under which GLOBALFOUNDRIES Inc
is a borrower were trading in the secondary market around 84
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.


The USD525 million term loan is scheduled to mature on June 5,
2026.  As of April 24, 2020, USD521 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



GO WIRELESS: Bank Debt Trades at 20% Discount
---------------------------------------------
Participations in a syndicated loan under which Go Wireless
Holdings Inc is a borrower were trading in the secondary market
around 80 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD300 million term loan is scheduled to mature on December 22,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



GOLD STANDARD: Bank Debt Trades at 64% Discount
-----------------------------------------------
Participations in a syndicated loan under which Gold Standard
Baking Inc is a borrower were trading in the secondary market
around 36 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD109 million term loan is scheduled to mature on April 24,
2021.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


GOLDEN ENTERTAINMENT: Bank Debt Trades at 17% Discount
------------------------------------------------------
Participations in a syndicated loan under which Golden
Entertainment Inc is a borrower were trading in the secondary
market around 83 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD800 million term loan is scheduled to mature on October 20,
2024.  As of April 24, 2020, USD770 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


GOOD SAMARITAN: Unsecured Creditors Owed $10.6M to Get 4.1% in Plan
-------------------------------------------------------------------
Debtors Good Samaritan Lutheran Health Care Center, Inc. d/b/a
Bethlehem Commons Care Center, and Kenwood Manor, Inc., filed with
the U.S. Bankruptcy Court for the Northern District of New York a
Joint Chapter 11 Plan of Liquidation and a Disclosure Statement on
April 10, 2020.

The Plan is a plan of liquidation with regard to the Debtors'
Assets. On March 13, 2020, the Bankruptcy Court entered an Order
approving the sale of substantially all of the Debtors' Assets to
the Purchasers for an aggregate purchase price of $7,500,000.  The
Sale proceeds will constitute substantially all of the Debtors'
Assets available for Distribution under the Plan.  Pursuant to the
Sale Agreements, the Purchasers will pay the aggregate price of
$7.5 million to acquire the Sale Assets.

The Plan contemplates the creation of a Liquidation Trust from
which, pursuant to the terms of the Plan and the Liquidation Trust
Agreement, Distributions shall be made for the benefit of Holders
of Allowed Unsecured Claims.

Upon the creation of the Liquidation Trust and at all times
thereafter, the Liquidation Trustee shall segregate or otherwise
separately earmark the Good Samaritan Contribution and the Kenwood
Contribution to the Liquidation Trust, including each Debtors'
pro-rata share of the sale proceeds, for the purpose of ensuring
that appropriate Distributions are made from the Liquidation Trust
to the respective Creditors of each Debtor in accordance with the
terms of the Plan.

Class 3 consists of all General Unsecured Claims against Good
Samaritan.  The Holder of an Allowed General Unsecured Claim
against Good Samaritan will receive, in full and final
satisfaction, settlement, release, and discharge of each Allowed
General Unsecured Claim, such Holder's Pro Rata Share of the Good
Samaritan Contribution to the Liquidation Trust until all Allowed
General Unsecured Claims in Class 3 are paid in full or the Good
Samaritan Contribution to the Liquidation Trust Assets is
exhausted; provided, however, that Distributions to Holders of
Allowed General Unsecured Claims against Good Samaritan shall be
subject and subordinate to (i) payment in full of all Liquidation
Trust Operating Expenses and/or reservation in the Liquidation
Trust Operating Reserve for such Liquidation Trust Operating
Expenses as the Liquidation Trustee deems reasonable and
appropriate, and (ii) payment in full of all Allowed Priority Tax
Claims and Allowed Priority Non-Tax Claims against Good Samaritan.


The Debtors estimate that Allowed General Unsecured Claims against
Good Samaritan will total $10,610,000 and that Holders of Allowed
General Unsecured Claims in Class 3 will receive a pro rata
distribution equaling approximately 4.1% of their claims.

Class 5 consists of all equity interests in Good Samaritan.
Because the Debtors are not-for-profit corporations, the Debtors do
not have any shareholders.  However, Class 5 will consist of all
Equity Interests, in Good Samaritan as defined in the Plan to
include any membership interests under New York Not-For-Profit law.


On the Effective Date, all membership interest, in Good Samaritan
shall be cancelled, deemed terminated, and of no further force and
effect, and the Holders of Equity Interests shall not receive or
retain any Distribution or property on account of such Equity
Interests.

Class 7 consists of all General Unsecured Claims against Kenwood.
The Holder of an Allowed General Unsecured Claim against Kenwood
will receive, in full and final satisfaction, settlement, release,
and discharge of each Allowed General Unsecured Claim, such
Holder's Pro Rata-Share of the Kenwood Contribution to the
Liquidation Trust until all Allowed General Unsecured Claims in
Class 7 are paid in full or the Kenwood Contribution to the
Liquidation Trust Assets is exhausted; provided, however, that
Distributions to Holders of Allowed General Unsecured Claims
against Kenwood shall be subject and subordinate to (i) payment in
full all Liquidation Trust Operating Expenses and/or reservation in
the Liquidation Trust Operating Reserve for such Liquidation Trust
Operating Expenses as the Liquidation Trustee deems reasonable and
appropriate, and (ii) payment in full all Allowed Priority Tax
Claims and Allowed Priority Non-Tax Claims against Kenwood.

The Debtors estimate that Allowed General Unsecured Claims against
Kenwood will total approximately $3,220,000 and that Holders of
Allowed General Unsecured Claims in Class 7 will receive a
Distribution equaling approximately 2.4% of their Allowed Claims.

Class 9 consists of all Equity Interests in Kenwood. Because the
Debtors are not-for-profit corporations, the Debtors do not have
any shareholders. However, Class 10 shall consist of all Equity
Interests, if any, in Kenwood as defined in the Plan to include any
membership interests under New York Not-For-Profit law. On the
Effective Date, all membership interests in Kenwood shall be
cancelled and of no further force and effect, and the Holders of
Equity Interests shall not receive or retain any Distribution on
account of such Equity Interests.

On the Effective Date, the Debtors and the Debtors' Estates shall
transfer the Liquidation Trust Assets to the Liquidation Trust to
be utilized by the Liquidation Trustee in accordance with the terms
and conditions of the Plan, the Plan Confirmation Order and the
Liquidation Trust Agreement. To the extent the Sale has not closed
as of the Effective Date, on the date of the closing of the Sale or
as soon thereafter as practical, the Sale proceeds shall be
transferred to the Liquidation Trust.

A full-text copy of the Disclosure Statement dated April 10, 2020,
is available at https://tinyurl.com/wogkmxc from PacerMonitor at no
charge.

Counsel to the Debtors:

         Deborah A. Reperowitz
         100 Park Avenue, Suite 2000
         New York, NY 10017
         Tel: 212.812.4124
         Fax: 646.682.7180

              - and -

         Daniel M. Pereira
         2005 Market Street, Suite 2600
         Philadelphia, PA 19103
         Tel: 215.564.8000
         Fax: 215.564.8120

                 About Good Samaritan Lutheran
                     Health Care Center

Good Samaritan LutheranHealth Care Center, Inc. --
http://www.goodsamvillage.org/-- operates a 120-bed nonprofit
skilled nursing facility certified by the New York State Department
of Health under Article 28 of the Public Health Law.  It operates
under the name Bethlehem Commons Care Center.

Good Samaritan Lutheran Health Care Center, Inc., and Kenwood
Manor, Inc. filed separate Chapter 11 bankruptcy petitions (Bankr.
N.D.N.Y. Lead Case No. 19-12215) on Dec. 12, 2019.  The petitions
were signed by Thomas Roemke, secretary of Good Samaritan's Board
of Directors.  

At the time of the filing, Good Samaritan had estimated assets of
between $1 million and $10 million and liabilities of between $10
million and $50 million. Kenwood Manor disclosed assets of between
$1 million and $10 million and liabilities of the same range.

Judge Robert E. Littlefield Jr. oversees the cases.  

The Debtors tapped Stradley Ronon Stevens & Young, LLP as their
legal counsel.


GREEN4ALL ENERGY: Seeks to Hire Margaret M. McClure as Attorney
---------------------------------------------------------------
Green4All Energy Solutions, Inc., H2Minuso, LLC, and Daniel A.
Handley and their debtor-affiliates seek approval from the U.S.
Bankruptcy Court for the Southern District of Texas to employ
Margaret M. McClure as attorney.

The attorney will provide these services in connection with the
Debtors' Chapter 11 case:

     (a) give the Debtors legal advice with respect to Debtors'
powers and duties as debtors-in-possession in the continued
operation of the Debtors' business, personal financial affairs;

     (b) manage the Debtors' property;

     (c) perform all legal services for the debtors-in-possession
which may be necessary herein.

The Debtors agreed to pay Margaret M. McClure on an hourly basis of
$400 per hour for attorney time and $150 per hour for paralegal
time, plus expenses.

McClure received a retainer of $25,000 for the Green4All Energy
Solutions, Inc. bankruptcy by the Debtor in installments of $10,000
on October 15, 2019; $10,000 on March 3, 2020; and $5,000 on March
10, 2020. $6,236.10 of the retainer amount of $25,000 has been
earned by the Debtor's attorney pre-petition, leaving a remaining
retainer balance of $18,763.90. The retainer balance consists of
$1,717 for the filing fee and $17,046.90 to be applied to services
rendered or expenses incurred in connection with representing the
debtor in the bankruptcy proceeding, subject to court approval.

She also received a retainer of $5,000 for the H2Minuso, LLC
bankruptcy by Green4All Energy Solution, Inc., an affiliate of the
Debtor, on March 10, 2020. $1,216.10 of the retainer amount of
$5,000 has been earned by the Debtor's attorney pre-petition,
leaving a remaining retainer balance of $3,783.90. The retainer
balance consists of $1,717 for the filing fee and $2,066.90 to be
applied to services rendered or expenses incurred in connection
with representing the debtor in the bankruptcy proceeding, subject
to court approval.

Margaret M. McClure disclosed in court filings that she is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.

The attorney can be reached at:

     Margaret M. McClure, Esq.
     LAW OFFICE OF MARGARET M. MCCLURE
     909 Fannin, Suite 3810
     Houston, TX 77010
     Telephone: (713) 659-1333
     Facsimile: (713) 658-0334
     E-mail: margaret@mmmcclurelaw.com

                 About Green4All Energy Solutions

Green4All Energy Solutions, Inc. -- http://g4all.net/-- is a
Chicago, Illinois-based company that specializes in water
conservation products and services.

Green4All Energy Solutions and its debtor affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Tex. Case No. 20-31758) on Mar. 15, 2020. At the time of the
filing, the Debtor was estimated to have assets and liabilities of
both under $1 million.

The Debtor and its debtor affiliates hired Margaret M. McClure as
attorney.


GREENSKY HOLDINGS: Bank Debt Trades at 16% Discount
----------------------------------------------------
Participations in a syndicated loan under which GreenSky Holdings
LLC is a borrower were trading in the secondary market around 84
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD400 million term loan is scheduled to mature on March 29,
2025.  As of April 24, 2020, USD394 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


GREENWAY HEALTH: Bank Debt Trades at 31% Discount
-------------------------------------------------
Participations in a syndicated loan under which Greenway Health LLC
is a borrower were trading in the secondary market around 69
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD526 million term loan is scheduled to mature on February 16,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


GRIZZLY NATURAL: Bank Debt Trades at 30% Discount
-------------------------------------------------
Participations in a syndicated loan under which Grizzly Natural Gas
LLC is a borrower were trading in the secondary market around 71
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD65 million term loan is scheduled to mature on November 6,
2022.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


GULF FINANCE: Bank Debt Trades at 47% Discount
----------------------------------------------
Participations in a syndicated loan under which Gulf Finance LLC is
a borrower were trading in the secondary market around 53
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD1150 million term loan is scheduled to mature on August 25,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


HANJIN INTERNATIONAL: Bank Debt Trades at 21% Discount
------------------------------------------------------
Participations in a syndicated loan under which Hanjin
International Corp is a borrower were trading in the secondary
market around 79 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD600 million term loan is scheduled to mature on October 18,
2020.  As of April 24, 2020, USD587 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



HARRIS MASON: Bank Debt Trades at 15% Discount
----------------------------------------------
Participations in a syndicated loan under which Harris Mason
Processing LLC is a borrower were trading in the secondary market
around 85 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD35 million term loan is scheduled to mature on May 23, 2028.
As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


HEALTHCHANNELS INTERMEDIATE: Bank Debt Trades at 20% Discount
-------------------------------------------------------------
Participations in a syndicated loan under which Healthchannels
Intermediate Holdco LLC is a borrower were trading in the secondary
market around 80 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD385 million term loan is scheduled to mature on April 3,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



HEARTLAND DENTAL: Bank Debt Trades at 19% Discount
---------------------------------------------------
Participations in a syndicated loan under which Heartland Dental
LLC is a borrower were trading in the secondary market around 81
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD150 million facility is a delay-draw term loan.  It is
scheduled to mature on April 30, 2025.  

The Company's country of domicile is U.S.


HERTZ CORP: Bank Debt Trades at 30% Discount
--------------------------------------------
Participations in a syndicated loan under which Hertz Corp/The is a
borrower were trading in the secondary market around 70
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD700 million term loan is scheduled to mature on June 30,
2023.  As of April 24, 2020, USD657 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


HEXION INTERNATIONAL: Bank Debt Trades at 20% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Hexion
International Cooperatief UA is a borrower were trading in the
secondary market around 80 cents-on-the-dollar during the week
ended Fri., April 24, 2020, according to Bloomberg's Evaluated
Pricing service data.

The EUR425 million term loan is scheduled to mature on July 1,
2026.  As of April 24, 2020, EUR419 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


HOFFMASTER GROUP: Bank Debt Trades at 32% Discount
--------------------------------------------------
Participations in a syndicated loan under which Hoffmaster Group
Inc is a borrower were trading in the secondary market around 68
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD385 million term loan is scheduled to mature on November 23,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


HOST HOTELS: Bank Debt Trades at 19% Discount
---------------------------------------------
Participations in a syndicated loan under which Host Hotels &
Resorts LP is a borrower were trading in the secondary market
around 81 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD500 million term loan is scheduled to mature on January 11,
2024.  As of April 24, 2020, USD498 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


HUBBARD RADIO: S&P Cuts ICR to 'B-'; Ratings on Watch Negative
--------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Hubbard
Radio LLC to 'B-' from 'B+' and placed all of its ratings on the
company on CreditWatch with negative implications.

"We expect the decline in advertising revenue to cause Hubbard's
leverage to spike in 2020 and remain elevated in 2021 and beyond.
Hubbard had leverage of 5.1x as of Sept. 30, 2019, and we
previously expected its leverage to decline to the mid-4x area in
2020 due mainly to voluntary debt repayment. However, we now expect
the decline in radio advertising revenue stemming from the effects
of the coronavirus to cause its leverage to spike above 9x in 2020
and remain above 5x in 2021. While we believe Hubbard has some
ability to reduce costs, this will likely be insufficient to offset
the material decline in its revenue. Nonetheless, we expect the
company to generate positive cash flow through the downturn and
return to generating a discretionary cash flow-to-debt ratio of
roughly 10% in 2021. We also note that it has no upcoming debt
maturities until 2023," S&P said.

The CreditWatch placement reflects S&P's view that Hubbard will
need to obtain a waiver from its lenders to avoid breaching its
covenants in 2020 as the economic weakness stemming from the
coronavirus pandemic reduces its advertising revenue and increases
its leverage.

"We could lower our rating on Hubbard if we do not expect it to
obtain a covenant waiver from its lenders prior to the June 30,
2020, test date. Alternatively, we could lower our rating if we
believe the company will not generate sufficient cash flow to repay
its debt and reduce its leverage back to the low-5x area by the end
of 2021," S&P said.

"Alternatively, we could affirm our rating on Hubbard if it obtains
a covenant waiver such that we believe there is no risk of a
covenant violation over the next 12 months. However, it is unlikely
we would revise our outlook on the company to stable until we have
a clear view of the expected recovery in broadcast advertising over
the second half of 2020 and into 2021 given our expectation that
its credit metrics will remain pressured over the next year," the
rating agency said.


IBIO INC: Amends CEO Contract to Modify Option Grant
----------------------------------------------------
iBio, Inc. entered into an Amended and Restated Executive
Employment Agreement with Thomas F. Isett 3rd, the Company's chief
executive officer and executive co-chairman, effective April 21,
2020.  The Amended Employment Agreement amends and restates the
Executive Employment Agreement, dated March 10, 2020, between the
Company and Mr. Isett.

The Amended Employment Agreement modifies the terms of the option
grant contemplated under the Original Agreement.  Under the Amended
Employment Agreement, the Company is required to issue an option to
purchase 975,000 shares of the Company's common stock to Mr. Isett
pursuant to the Company's 2018 Omnibus Equity Incentive Plan with
an exercise price at the fair market value on the date of grant, as
determined by the Company's Board of Directors.  The Option vests
ratably over the 36-month period beginning on the date of the
Original Agreement (1/36th per month) and will be deemed
fully-vested upon any transaction or series of related transactions
that constitutes a Change of Control Transaction.  There is no
requirement under the Amended Employment Agreement for the Company
to exchange the Option with a new option if the trading price of
the Company's securities as measured a specified intervals falls
below the exercise price of the Option, as contemplated in the
Original Agreement.

Other than the removal of the requirement to exchange the Option
based on a decline in the Company's share price under specified
circumstances, the terms of the Amended Employment Agreement remain
unchanged from the Original Agreement.

The Amended Employment Agreement has a three-year term commencing
on the date of the Original Agreement.  Mr. Isett is entitled to an
annual base salary of $490,000.  He received a signing bonus of
$450,000 upon execution of the Original Agreement and he will be
paid an additional signing bonus in the amount of $250,000 in cash
on March 10, 2021, provided he is then employed with the Company
and has not given notice of resignation or been provided with
written notice of termination for cause by the Company.  For the
Company's fiscal year beginning July 1, 2019 and ending
June 30, 2020, Mr. Isett will be paid a guaranteed bonus in the
amount of $80,000.  For all fiscal years beginning on or after July
1, 2020, Mr. Isett will be eligible to receive an incentive bonus
of up to 60% of his base salary subject to achievement of
performance criteria to be mutually agreed between the Board of
Directors and Mr. Isett by July 31 of each fiscal year.

In addition, Mr. Isett will be awarded a cash bonus in the amount
of 4.5% of the transaction consideration paid in connection with
the consummation of a change in the ownership or effective control
of the Company or a change in the ownership of a substantial
portion of the Company's assets, within the meaning of Section 409A
of the Internal Revenue Code of 1986, during the term of the
Employment Agreement, provided that the Change of Control
Transaction results in the Company's stockholders receiving (or
being entitled to receive, whether upon the consummation of the
Change of Control Transaction or at a future date) transaction
consideration worth at least 120% of the average closing trading
price of the Company's securities during the 20 trading-day period
immediately preceding the consummation of the Change of Control
Transaction.

Mr. Isett may participate in benefit plans for which he is eligible
as may be established from time to time by the Company for its
executive employees, and the Company has agreed to pay the full
cost of all medical, vision, and dental benefits provided to Mr.
Isett and his family.  The Company also has agreed to pay for all
continuing education expenses incurred by Mr. Isett up to a maximum
of $7,500 per year.

If Mr. Isett's duties require him to relocate his primary residence
to any state in which the Company maintains a physical office
location, the Company will reimburse him for all reasonable and
documented relocation expenses incurred by him and the members of
his immediate household in moving to the new location, including
moving expenses, rental payments for temporary living quarters in
the area of relocation for a period not to exceed six months, real
estate brokerage commissions incurred in connection with the sale
of his existing primary residence, and loan financing charges and
closing costs incurred in connection with the acquisition and
financing of a new residence.

Mr. Isett's employment is on an "at will" basis and may be
terminated at any time by Mr. Isett or the Company.  If Mr. Isett's
employment is terminated for "cause," as defined in the Amended
Employment Agreement, he is entitled to receive his base salary and
benefits accrued through the termination date.  If the Company
terminates Mr. Isett's employment for reasons other than for cause
or due to disability, then the Company is required to pay Mr.
Isett's base salary and any accrued annual bonus and benefits for a
period equal to the lesser of 24 months after termination or the
remaining balance of the term of the Amended Employment Agreement.

If Mr. Isett's employment is terminated at any time in connection
with a Change of Control Transaction, he will be entitled to a lump
sum cash payment, within 30 days after termination, equal to 24
months of his then-current base salary, a lump sum cash payment,
within 30 days after termination, equal to a pro-rated amount of
his target annual bonus for the year immediately preceding the
termination, payment of the full amount of all premiums for
continued health benefits (including COBRA) under the Company's
health plans for a period of 12 months following the termination,
and immediate vesting of 100% of the then-unvested portion of any
outstanding equity awards.

                       About iBio Inc.

iBio, Inc. -- http://www.ibioinc.com/-- is a full-service
plant-based expression biologics CDMO equipped to deliver
pre-clinical development through regulatory approval, commercial
product launch and on-going commercial phase requirements.  iBio's
FastPharming expression system, iBio's proprietary approach to
plant-made pharmaceutical (PMP) production, can produce a range of
recombinant products including monoclonal antibodies, antigens for
subunit vaccine design, lysosomal enzymes, virus-like particles
(VLP), blood factors and cytokines, scaffolds, maturogens and
materials for 3D bio-printing and bio-fabrication,
biopharmaceutical intermediates and others, as well as create and
produce proprietary derivatives of pre-existing products with
improved properties.

iBio reported a net loss attributable to the Company of $17.59
million for the year ended June 30, 2019, compared to a net loss
attributable to the Company of $16.10 million for the year ended
June 30, 2018.  As of Dec. 31, 2019, iBio had $36.38 million in
total assets, $36.90 million in total liabilities, and a total
deficiency of $520,000.

CohnReznick LLP, in Roseland, New Jersey, the Company's auditor
since 2010, issued a "going concern" qualification in its report
dated Aug. 26, 2019, citing that the Company has incurred net
losses and negative cash flows from operating activities for the
years ended June 30, 2019 and 2018 and has an accumulated deficit
as of June 30, 2019.  These matters, among others, raise
substantial doubt about the Company's ability to continue as a
going concern.


ICE HOUSE: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor: Ice House Properties, L.L.C.
        2695 Turnberry Road
        Salem, VA 24153

Business Description: Ice House Properties, L.L.C. is engaged
                      in renting and leasing real estate
                      properties.

Chapter 11 Petition Date: April 30, 2020

Court: United States Bankruptcy Court
       Western District of Virginia

Case No.: 20-70468

Debtor's Counsel: Andrew S. Goldstein, Esq.
                  MAGEE GOLDSTEIN LASKY & SAYERS, P.C.
                  Post Office Box 404
                  Roanoke, VA 24003-0404
                  Tel: (540) 343-9800
                  E-mail: agoldstein@mglspc.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Stuart L. Meredith, managing member.

The Debtor listed Boxley located at P.O. Box 13527 Roanoke, VA
24035, as its sole unsecured creditor holding a claim of $9,500.

A copy of the petition is available for free at PacerMonitor.com
at:

                   https://is.gd/gcsedq


IMAGINE! PRINT: Bank Debt Trades at 79% Discount
------------------------------------------------
Participations in a syndicated loan under which Imagine! Print
Solutions Inc is a borrower were trading in the secondary market
around 21 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD385 million term loan is scheduled to mature on June 21,
2022.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


IMAGINE! PRINT: Bank Debt Trades at 81% Discount
------------------------------------------------
Participations in a syndicated loan under which Imagine! Print
Solutions Inc is a borrower were trading in the secondary market
around 19 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD90 million term loan is scheduled to mature on June 21,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


INDIANA MICHIGAN: Bank Debt Trades at 45% Discount
--------------------------------------------------
Participations in a syndicated loan under which Indiana Michigan
Power Co is a borrower were trading in the secondary market around
55 cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD200 million term loan is scheduled to mature on May 9, 2021.
As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


INFOGROUP INC: Bank Debt Trades at 39% Discount
------------------------------------------------
Participations in a syndicated loan under which infoGroup Inc is a
borrower were trading in the secondary market around 61
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The $250 million term loan is scheduled to mature on April 3, 2023.
As of April 24, 2020, $243 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



INNOVATIVE WATER: Bank Debt Trades at 43% Discount
--------------------------------------------------
Participations in a syndicated loan under which Innovative Water
Care Global Corp is a borrower were trading in the secondary market
around 57 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD100 million term loan is scheduled to mature on March 1,
2027.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


INNOVATIVE WATER: Bank Debt Trades at 44% Discount
--------------------------------------------------
Participations in a syndicated loan under which Innovative Water
Care Global Corp is a borrower were trading in the secondary market
around 56 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD360 million term loan is scheduled to mature on March 1,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


INSPIREMD INC: Implements Salary Cuts Amid COVID-19 Pandemic
------------------------------------------------------------
In response to significant market volatility and uncertainties
relating to the global COVID-19 pandemic, the board of directors
and the management of InspireMD, Inc. have taken the following
voluntary reductions of compensation as a measure of fiscal
responsibility.

Effective April 1, 2020, the Board approved a 50% decrease in the
annual cash compensation for non-employee directors from an
aggregate amount of $154,000 to $77,000.

On April 21, 2020, Marvin Slosman, the Company's president, chief
executive officer and director, signed a waiver reducing his annual
base salary from $400,000 to $200,000 for the period beginning
April 1, 2020 and ending on the date Mr. Slosman will determine.

In addition, on April 21, 2020, Craig Shore, the Company's chief
financial officer, chief administrative officer, secretary and
treasurer, signed a waiver reducing his annual base salary from
80,125 NIS to 40,063 NIS for the period beginning April 1, 2020 and
ending on the date Mr. Shore shall determine.

                       About InspireMD Inc.

Headquartered in Tel Aviv, Israel, InspireMD --
http://www.inspiremd.com-- is a medical device company focusing on
the development and commercialization of its proprietary MicroNet
stent platform technology for the treatment of complex vascular and
coronary disease.  A stent is an expandable "scaffold-like" device,
usually constructed of a metallic material, that is inserted into
an artery to expand the inside passage and improve blood flow.  Its
MicroNet, a micron mesh sleeve, is wrapped over a stent to provide
embolic protection in stenting procedures.

InspireMD recorded a net loss of $10.04 million for the year ended
Dec. 31, 2019, compared to a net loss of $7.24 million for the year
ended Dec. 31, 2018.  As of Dec. 31, 2019, the Company had $9.88
million in total assets, $4.49 million in total liabilities, and
$5.38 million in total equity.

Kesselman & Kesselman, in Tel-Aviv, Israel, the Company's auditor
since 2010, issued a "going concern" qualification in its report
dated March 9, 2020, citing that the Company has suffered recurring
losses from operations and cash outflows from operating activities
that raise substantial doubt about its ability to continue as a
going concern.


INTERNAP CORP: Bank Debt Trades at 65% Discount
-----------------------------------------------
Participations in a syndicated loan under which Internap Corp is a
borrower were trading in the secondary market around 35
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD434 million PIK term loan is scheduled to mature on April 6,
2022.  As of April 24, 2020, USD427 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


INTERNATIONAL SEAWAYS: Bank Debt Trades at 20% Discount
-------------------------------------------------------
Participations in a syndicated loan under which International
Seaways Operating Corp is a borrower were trading in the secondary
market around 80 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD300 million term loan is scheduled to mature on January 23,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


INTERPACE BIOSCIENCES: Delays Filing of Definitive Proxy Statement
------------------------------------------------------------------
In reliance on Compliance and Disclosure Interpretation 104.18,
dated April 6, 2020, and the Order described below, Interpace
Biosciences, Inc. is delaying the filing of its definitive proxy
statement, including the information omitted from its Annual Report
on Form 10-K for the fiscal year ended Dec. 31, 2019 pursuant to
General Instruction G(3) of Form 10-K.

The Company said the effects of COVID-19 have limited the abilities
of its employees to conduct normal business activities.  This has,
in turn, delayed the Company's ability to prepare the Proxy
Statement.  Notwithstanding the foregoing, the Company expects to
file the Proxy Statement no later than June 15, 2020 (which is the
first business day 45 days from the original filing deadline of
April 29, 2020 for incorporation by reference in the Report of the
Part III Information) in compliance with the exemptions granted
under the Order.

On March 25, 2020, the Securities and Exchange Commission issued an
order Release No. 34-88465 (the "Order") pursuant to its authority
under Section 36 of the Securities Exchange Act of 1934, as
amended, granting exemptions from certain provisions of that Act
and the rules thereunder related to the reporting and proxy
delivery requirements for certain public companies.  On March 30,
2020, the Company filed a Current Report on Form 8-K in reliance on
the Order to extend the March 30, 2020 required filing date of the
Report to no later than May 14, 2020.  The Company filed the Report
on April 22, 2020.

                     About Interpace Biosciences

Headquartered in Parsippany, NJ, Interpace Biosciences fka
Interpace Diagnostics Group, Inc. -- http://www.interpace.com--
offers specialized services along the therapeutic value chain from
early diagnosis and prognostic planning to targeted therapeutic
applications.  Clinical services, through Interpace Diagnostics,
provides clinically useful molecular diagnostic tests,
bioinformatics and pathology services for evaluating risk of cancer
by leveraging the latest technology in personalized medicine for
improved patient diagnosis and management.  Pharma services,
through Interpace Pharma Solutions, provides pharmacogenomics
testing, genotyping, biorepository and other customized services to
the pharmaceutical and biotech industries.

Interpace reported a net loss attributable to common stockholders
of $27.16 million for the year ended Dec. 31, 2019, compared to a
net loss attributable to common stockholders of $12.19 million for
the year ended Dec. 31, 2018.  As of Dec. 31, 2019, the Company had
$69.05 million in total assets, $29.85 million in total
liabilities, $26.17 million in preferred stock, and $13.03 million
in total stockholders' equity.


INTRADO CORP: Bank Debt Trades at 20% Discount
----------------------------------------------
Participations in a syndicated loan under which Intrado Corp is a
borrower were trading in the secondary market around 80
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD400 million delay-draw term loan is scheduled to mature on
October 10, 2024.  As of April 24, 2020, USD391 million from the
loan remains outstanding.

The Company's country of domicile is U.S.  


INTRADO CORP: Bank Debt Trades at 21% Discount
----------------------------------------------
Participations in a syndicated loan under which Intrado Corp is a
borrower were trading in the secondary market around 79
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD700 million term loan is scheduled to mature on October 10,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


IPC CORP: Bank Debt Trades at 42% Discount
------------------------------------------
Participations in a syndicated loan under which IPC Corp is a
borrower were trading in the secondary market around 59
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD38 million term loan is scheduled to mature on August 6,
2021.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


IQOR US: Bank Debt Trades at 36% Discount
-----------------------------------------
Participations in a syndicated loan under which iQor US Inc is a
borrower were trading in the secondary market around 64
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD610 million term loan is scheduled to mature on April 1,
2021.  As of April 24, 2020, USD575 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


IQOR US: Bank Debt Trades at 71% Discount
-----------------------------------------
Participations in a syndicated loan under which iQor US Inc is a
borrower were trading in the secondary market around 29
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD170 million term loan is scheduled to mature on April 1,
2022.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


JANUS INTERNATIONAL: Bank Debt Trades at 16% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Janus International
Group LLC is a borrower were trading in the secondary market around
84 cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD576 million term loan is scheduled to mature on February 15,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


JASON INC: Bank Debt Trades at 51% Discount
--------------------------------------------
Participations in a syndicated loan under which Jason Inc is a
borrower were trading in the secondary market around 49
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The $310 million term loan is scheduled to mature on June 30, 2021.
As of April 24, 2020, USD284 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


JAZZ ACQUISITION: Bank Debt Trades at 33% Discount
--------------------------------------------------
Participations in a syndicated loan under which Jazz Acquisition
Inc is a borrower were trading in the secondary market around 67
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD125 million term loan is scheduled to mature on June 19,
2027.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


JELD-WEN INC: Moody's Rates New $250MM Senior Secured Notes 'Ba2'
-----------------------------------------------------------------
Moody's Investors Service assigned a Ba2 rating to JELD-WEN, Inc.'s
proposed $250 million senior secured notes due 2025. Moody's also
affirmed the company's Ba3 Corporate Family Rating, Ba3-PD
Probability of Default Rating, and the Ba2 rating on the company's
senior secured term loan. Moody's downgraded the rating on the
company's senior unsecured notes to B2 from B1. The outlook was
changed to negative from stable. The company's SGL-2 Speculative
Grade Liquidity Rating is maintained.

The proceeds of the proposed notes will be used to repay $100
million of revolver borrowings, with the remainder increasing cash,
therefore improving the company's liquidity. The transaction
however, raises JELD-WEN's pro forma debt leverage to about 4.7x
from 4.2x at December 31, 2019, which is high for the rating
category. The downgrade of the senior unsecured notes to B2 from B1
reflects the expected increase in losses in a distress scenario
given the addition of more secured debt to the capital structure.

The negative outlook reflects Moody's expectation of weakness in
JELD-WEN's 2020 results from the coronavirus impact on the US
economy and the company's end markets. This includes Moody's
expectation for declining revenues, weakening operating margins,
and rising leverage.

The affirmation of the Corporate Family Rating, however, reflects
JELD-WEN's significant revenue and operating scale, its strong
market position, and Moody's expectation that the company will
maintain a good liquidity profile in the next 12 to 15 months.
Moody's expects that JELD-WEN's cost cutting initiatives, such as a
reduction in discretionary spend, temporary closure of facilities,
and adjustment to staffing levels, will reduce the degree of
weakening in operating results. Additionally, JELD-WEN's longer
term cost strategies of footprint rationalization and manufacturing
productivity enhancements will provide benefits but will take
longer to materialize.

The rapid and widening spread of the coronavirus outbreak,
deteriorating global economic outlook, falling oil prices, and
asset price declines are creating a severe and extensive credit
shock across many sectors, regions and markets. The combined credit
effects of these developments are unprecedented. The company's
residential end market, including new construction and repair and
remodeling, is affected by the shock given its sensitivity to
consumer demand and sentiment and to unemployment levels. Moody's
regards the coronavirus outbreak as a social risk under its ESG
framework, given the substantial implications for public health and
safety.

The following rating actions were taken:

Affirmations:

Issuer: JELD-WEN, Inc.

Corporate Family Rating, Affirmed Ba3

Probability of Default Rating, Affirmed Ba3-PD

Senior Secured Term Loan, Affirmed Ba2 (LGD3)

Assignments:

Issuer: JELD-WEN, Inc.

Gtd Senior Secured Regular Bond/Debenture, Assigned Ba2 (LGD3)

Downgrades:

Issuer: JELD-WEN, Inc.

Gtd Senior Unsecured Regular Bond/Debenture, Downgraded to B2
(LGD5) from B1 (LGD5)

Outlook Actions:

Issuer: JELD-WEN, Inc.

Outlook, Changed To Negative From Stable

RATINGS RATIONALE

JELD-WEN's Ba3 CFR is supported by its: 1) strong market position
as a leading manufacturer of doors and windows and one the largest
players in its North American, Australian, and European end
markets; 2) large revenue base of $4.3 billion and its global scale
and geographic diversification of sales across approximately 100
countries, providing manufacturing and purchasing efficiencies; 3)
financial policy, which is geared toward conservative debt
leverage; 4) long-term strategies targeted at productivity
enhancements, cost reductions, and price increases; and 5) exposure
to repair and remodeling market for over 40% of the business, which
tends to be less volatile than new construction.

At the same time, JELD-WEN's credit profile is constrained by: 1)
the cyclicality of the end markets served, particularly the new
residential construction segment, and the exposure to significant
reductions in product demand; 2) competition and severe pricing
volatility inherent to the building products sector in the long
term; 3) an acquisitive growth strategy, which requires good
execution to realize all expected synergies and could result in
increased leverage; 4) a governance profile that includes the risk
of shareholder-friendly activities, including share repurchases or
distributions given that its largest shareholder, Onex Corporation,
maintains a 32% equity stake in the company; and 5) risks related
to litigation proceedings.

JELD-WEN's SGL-2 Speculative Grade Liquidity Rating reflects
Moody's expectation that the company will maintain a good liquidity
profile over the next 12 to 15 months. Liquidity is supported by
Moody's expectation of positive free cash flow, ample availability
under its $400 million revolving credit facility, and flexibility
provided by a covenant-lite structure and lack of debt maturities
until December 2022.

FACTORS THAT WOULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The ratings could be upgraded if adjusted debt to EBITDA is
sustained below 3.25x and EBITA to interest coverage is sustained
above 4.5x, while EBITA margins improve. In addition, the upgrade
will take into consideration Moody's view of the company's
financial policy, acquisition strategy, free cash flow, and
industry conditions.

The ratings may be downgraded if the company's credit metrics
weaken such that debt to EBITDA is sustained above 4.0x, adjusted
EBITA to interest coverage is sustained below 3.0x, or if liquidity
weakens meaningfully.

The principal methodology used in these ratings was Manufacturing
Methodology published in March 2020.

JELD-WEN, Inc., headquartered in Charlotte, NC, is a vertically
integrated manufacturer of doors and windows that are marketed
primarily under the JELD-WEN brand name in the U.S. and Canada and
under a variety of names in Europe and Australia. The company's
product offerings include interior and exterior doors, wood, vinyl,
and aluminum windows for the new residential construction, repair
and remodeling, and non-residential building markets. In 2019,
JELD-WEN's revenues were approximately $4.3 billion.


JO-ANN STORES: Bank Debt Trades at 65% Discount
-----------------------------------------------
Participations in a syndicated loan under which Jo-Ann Stores LLC
is a borrower were trading in the secondary market around 35
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD905 million term loan is scheduled to mature on October 16,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


JO-ANN STORES: Bank Debt Trades at 75% Discount
-----------------------------------------------
Participations in a syndicated loan under which Jo-Ann Stores LLC
is a borrower were trading in the secondary market around 25
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD225 million term loan is scheduled to mature on May 21,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


JONES LEASE: Unsecured Creditors to Have 5% Recovery Under Plan
---------------------------------------------------------------
Debtor Jones Lease Properties, LLC, filed a First Amended Plan of
Liquidation.

According to the First Amended Disclosure Statement, Class 16
Allowed General Unsecured Claims, including all Rejection Damages
Claims, are expected to total $1,312,972.

Pursuant to the Plan, on the Effective Date, the Debtor will
Distribute $20,000 pro Rata to the Holders of Allowed Class 16
Claims.  Thereafter, beginning six months after the Effective Date,
the Debtor will make a total of 10 semi-annual distributions, in
the amount of $5,000 each, to holders of Class 16 Claims, each
holder of an Allowed Class 16 Claim receiving a pro rata portion of
the distribution being made.

In addition to the foregoing, within 90 days after the end of each
year following the Effective Date, the Reorganized Debtor shall
make five additional pro rata distributions to holders of Allowed
Class 16 Claims in an amount equal to ten percent of the
Reorganized Debtor's annual earnings before taxes, depreciation,
and amortization, but net of the payments called for by this Plan.


Based on the Debtor's estimates, the Holders of Class 16 Claims
should receive distributions equal to at least 5% of the Allowed
Amount of their claims.

The Plan calls for the Reorganized Debtor to surrender to certain
Holders of Allowed Secured Claims certain portions of the real
property securing those Claims.

The Plan calls for the Reorganized Debtor to profitably operate its
residential real property leasing business to generate the revenue
from which it will make the payments called for by the Plan.

A full-text copy of the First Amended Disclosure Statement dated
April 10, 2020, is available at https://tinyurl.com/rrzmaou from
PacerMonitor at no charge.

General Reorganization Counsel for the Debtor:

         Jeffrey D. Goetz, Esq.
         Vincent R. Ledlow, Esq.
         Bradshaw, Fowler, Proctor & Fairgrave, PC
         801 Grand Avenue, Suite 3700
         Des Moines, IA 50309-8004
         Tel: 515-243-4191
         Fax: 515-246-5808
         E-mail: goetz.jeffrey@bradshawlaw.com
                 ledlow.vincent@bradshawlaw.com

                  About Jones Lease Properties

JP Rentals, LLC and Jones Lease Properties, LLC are a locally owned
and operated rental property companies serving the Quad Cities and
surrounding areas. As the source for rental living, they offer a
wide variety of rental properties including apartment complexes,
single family homes, townhomes, and duplexes.

J.P. Apartments Cooperative, Jones Lease Properties, and J.P.
Rentals, LLC filed their voluntary petitions under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Iowa Case Nos. 18-02566, 18-02568,
and 18-02569, respectively) on Nov. 26, 2018.

In January 2019, the cases were transferred to the U.S. Bankruptcy
Court for the Central District of Illinois and were assigned new
case numbers (Case No. 19-80013 for J.P. Apartments; Case No.
19-80014 for Jones Lease; and Case No. 19-80015 for J.P. Rentals).

In the petitions signed by Erik R. Jones, director, J.P. Apartments
disclosed $4,765,888 in total assets and $4,689,693 in
liabilities.

The Debtors tapped Bradshaw, Fowler, Proctor & Fairgrave PC as
their legal counsel; GlassRatner Advisory & Capital Group, LLC as
their investment banker; and The Skutch Arlow Group, LLC, as
financial advisor.


JP INTERMEDIATE: Bank Debt Trades at 53% Discount
--------------------------------------------------
Participations in a syndicated loan under which JP Intermediate B
LLC is a borrower were trading in the secondary market around 47
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD450 million term loan is scheduled to mature on November 20,
2025.  As of April 24, 2020, USD422 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


K&N PARENT: Bank Debt Trades at 48% Discount
--------------------------------------------
Participations in a syndicated loan under which K&N Parent Inc is a
borrower were trading in the secondary market around 52
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD100 million term loan is scheduled to mature on October 20,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


K-MAC HOLDINGS: Bank Debt Trades at 23% Discount
------------------------------------------------
Participations in a syndicated loan under which K-MAC Holdings Corp
is a borrower were trading in the secondary market around 77
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD120 million term loan is scheduled to mature on March 16,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


KAR AUCTION: S&P Cuts ICR to 'B' Due to Coronavirus-Related Risks
-----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on KAR Auction
Services Inc. to 'B' from 'B+'. At the same time, S&P lowered its
issue-level rating on the company's first-lien debt to 'B' from
'B+'. The '3' recovery rating is unchanged. S&P also lowered its
issue-level rating on its secured debt to 'B-' from 'B'. The '5'
recovery rating is unchanged.

"KAR's credit metrics will be weaker in 2020, than we previously
expected as a result of the coronavirus pandemic.  All North
American physical auctions were closed on March 20 for two weeks,
with some locations currently operating at minimal levels. In
addition, online activity continues to be low. There are continued
uncertainties about the extent of stay-at-home requirements, when
physical auctions can resume, and the demand and prices for used
vehicles. We are now expecting debt to EBITDA in 2020 to be higher
than our previous assumptions of 5.8x-6.2x, and free operating cash
flow (FOCF) to debt to be below 5%. The pandemic's ultimate effect
on KAR's cash flows is largely dependent on the length of physical
auction closures, as well as consumer behavior and used vehicle
demand once stay at home requirements are relaxed," S&P said.

"The CreditWatch placement indicates the increased risk that
physical auction shutdowns could extend beyond our base case and
that used vehicle demand and pricing could pressure the company's
liquidity position. We could lower the ratings by one notch if we
expected FOCF to debt to remain below 3% and debt to EBITDA to
remain above 7x. We could also lower the ratings if the company
drew on its revolver and the covenant came into effect with little
headroom," S&P said.


KC & KAJI: Seeks to Hire Eric Liepins as Counsel
------------------------------------------------
KC & Kaji, LLC seeks approval from the U.S. Bankruptcy Court for
the Eastern District of Texas to employ Eric A. Liepins and the law
firm of Eric A. Liepins, P.C. as its counsel.

The Debtor desires to employ Mr. Liepins and his firm for the
purpose of orderly liquidating assets, reorganizing the claims of
the estate, and determining the validity of claims asserted in the
estate.

The professionals designated to represent the debtor-in-possession
will be paid at these hourly rates:

     Eric A. Liepins                          $275
     Paralegals and Legal Assistants          $30-$50

The firm has received a retainer of $5,000 plus filing fee.

Eric A. Liepins, an attorney at Eric A. Liepins, P.C., disclosed in
court filings that the firm is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Eric A. Liepins, Esq.
     ERIC A. LIEPINS P.C.
     12770 Coit Road, Suite 1100
     Dallas, TX 75251
     Telephone: (972) 991-5591
     Facsimile: (972) 991-5788

                          About KC & Kaji

KC & Kaji, LLC, is a Caddo Mills, Texas-based domestic limited
liability company, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Tex. Case No. 20-40937) on April 6,
2020. The petition was signed by Gaurab Gasnet, its managing
member. 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.

Hon. Brenda T. Rhoades oversees the case.

The Debtor hired Eric A. Liepins and the law firm of Eric A.
Liepins, P.C. as its counsel.


KCA DEUTAG: Bank Debt Trades at 65% Discount
--------------------------------------------
Participations in a syndicated loan under which KCA Deutag US
Finance LLC is a borrower were trading in the secondary market
around 35 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD415 million term loan is scheduled to mature on February 28,
2023.  As of April 24, 2020, USD408 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


KESTREL ACQUISITION: Bank Debt Trades at 21% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Kestrel Acquisition
LLC is a borrower were trading in the secondary market around 79
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD449 million term loan is scheduled to mature on June 30,
2025.  As of April 24, 2020, USD443 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



KESTREL BIDCO: Bank Debt Trades at 18% Discount
-----------------------------------------------
Participations in a syndicated loan under which Kestrel Bidco Inc
is a borrower were trading in the secondary market around 82
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD1955 million term loan is scheduled to mature on December
11, 2026.  As of April 24, 2020, the full amount has been drawn and
is outstanding.

The Company's country of domicile is Canada.


KPEX HOLDINGS: Bank Debt Trades at 19% Discount
-----------------------------------------------
Participations in a syndicated loan under which KPEX Holdings Inc
is a borrower were trading in the secondary market around 81
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD455 million term loan is scheduled to mature on January 31,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


KUEHG CORP: Bank Debt Trades at 33% Discount
--------------------------------------------
Participations in a syndicated loan under which KUEHG Corp is a
borrower were trading in the secondary market around 67
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD210 million term loan is scheduled to mature on August 16,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


LAKEVIEW VILLAGE: Fitch Affirms BB+ Rating on 2017A & 2018A Bonds
-----------------------------------------------------------------
Fitch Ratings has affirmed the 'BB+' rating assigned to the
following City of Lenexa, Kansas Health Care Facility revenue bonds
issued on behalf of Lakeview Village, Inc.:

  -- $16.3 million series 2017A

  -- $52 million series 2018A.

The Rating Outlook is Stable.

SECURITY

The bonds are secured by a pledge of unrestricted receivables, a
leasehold interest on the existing facility and a debt service
reserve fund.

KEY RATING DRIVERS

STABLE FINANCIAL PROFILE: The affirmation of the 'BB+' rating
reflects Lakeview's stable financial profile based primarily on
unaudited 2019 results (year-end Dec. 31). Lakeview has been able
to maintain its solid operating performance and, thus, grow its
cash position by roughly 15% since 2018. Profitability was adequate
in 2019, as evidenced by Lakeview's 96.9% operating ratio, 8.8% net
operating margin (NOM), and 22.8% NOM-adjusted margin (NOMA), all
of which are favorable to the below investment-grade (BIG) medians
of 100.7%, 3.8% and 19.4%, respectively. As a result of stable
operations, liquidity metrics in fiscal 2019 remained at, or in
some cases improved, to sufficient levels. Lakeview posted 326 days
cash on hand (DCOH), 51.5% cash-to-debt and a 6.1x cushion ratio,
which are favorable to BIG medians of 312, 33.0%, and 4.3x,
respectively.

COMPETITIVE OPERATING ENVIRONMENT: Lakeview operates in a very
competitive environment, which has tempered independent living unit
(ILU) occupancy at a modest 85% in unaudited fiscal 2019.
Management continues to replace older four-plex cottages with
single-family and duplex units that are expected to help improve
occupancy over time. Despite ILU occupancy being somewhat light,
assisted living unit (ALU) and skilled nursing facility (SNF)
occupancy levels were solid, averaging 97% and 91%, respectively,
in 2019. However, the community continues to differentiate itself
from competitors by offering high-quality healthcare services at
its campus and Lakeview-run clinics in the local market.

MODERATE LONG-TERM LIABILITIES: Lakeview's debt burden is moderate,
as evidenced by maximum annual debt service (MADS) equating to
12.2% of unaudited fiscal 2019 revenues. Additionally, Lakeview's
debt to net available measured 5.6x in 2019, which is favorable to
Fitch's 'BBB' category median of 10.9x.

NO ASYMMETRIC RISK FACTORS: There are no asymmetric risk factors
affecting this rating determination.

RATING SENSITIVITIES

The Stable Outlook reflects Lakeview's continued solid operating
performance, incremental improvement in liquidity, and moderate
leverage in unaudited fiscal 2019.

Developments that May, Individually or Collectively, Lead to a
Positive Rating Action:

  -- Higher sustained ILU occupancy levels of at least 90%.

  -- Improved operations and cash flow, resulting in increased
liquidity, and stronger operating and liquidity metrics that are
more in line with Fitch's 'BBB' category medians.

Developments that May, Individually or Collectively, Lead to a
Negative Rating Action:

  -- Unexpected decline in ILU occupancy to levels below historical
averages in the low 80% range.

  -- Deterioration in operational performance where the operating
ratio and NOM are no longer favorable to BIG medians.

  -- Noteworthy decline in unrestricted cash and investments that
diminishes liquidity gains over recent years.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Public Finance issuers have a
best-case rating upgrade scenario (defined as the 99th percentile
of rating transitions, measured in a positive direction) of three
notches over a three-year rating horizon; and a worst-case rating
downgrade scenario (defined as the 99th percentile of rating
transitions, measured in a negative direction) of three notches
over three years. The complete span of best- and worst-case
scenario credit ratings for all rating categories ranges from 'AAA'
to 'D'. Best- and worst-case scenario credit ratings are based on
historical performance.

CREDIT PROFILE

Lakeview Village is predominantly a lifecare (type-A) community
currently offering fully amortizing, 75% refundable rental
contracts, located on an approximately 96-acre campus in Lenexa,
KS, a suburb of Kansas City. Lakeview's campus consists of 543
ILUs, 26 ALUs, a 120-bed SNF and 38 short-term rehab beds. The
corporation currently considers 37 ILUs and three ALUs to be
unmarketable, and all occupancy statistics are calculated on a
marketable unit basis. Lakeview has three affiliated entities
outside the obligated group, including a foundation and two
independent living HUD properties. Fitch uses OG financials for its
analysis and all figures cited in this press release. Lakeview had
approximately $47 million in total revenues in 2019.

The coronavirus pandemic and related government containment
measures worldwide have created an uncertain environment for the
entire healthcare system in the near term. While Lakeview's
financial performance through the most recently available data has
not indicated any impairment, material changes in revenue and cost
profiles will occur across the sector. Fitch's ratings are forward
looking, and Fitch will monitor developments in the sector as a
result of the virus outbreak as it relates to severity and duration
and incorporate revised expectations for future performance and
assessment of key risks.

STABLE FINANCIAL PROFILE

Lakeview's financial profile was stable based on unaudited 2019
results. Unrestricted cash and investments totaled approximately
$36 million at Dec. 31, 2019, which is a solid increase of
approximately 15% from the prior year. Liquidity ratios of 326
DCOH, 51.5% cash-to-debt and a 6.1x cushion ratio are favorable to
BIG medians of 312, 33.0%, and 4.3x, respectively. The majority of
Lakeview's entrance fee contracts are non-refundable, which
strengthens cash flow and provides balance sheet stability.

Profitability in 2019 was adequate despite relatively modest ILU
occupancy of 85%. The community's 96.9% operating ratio, 8.8% NOM,
and 22.8% NOMA were mostly in line with or slightly better than
results from fiscal 2018 of 99.6%, 7.7% and 22.9%, respectively.
All three metrics compare favorably to Fitch's BIG operating ratio,
NOM and NOMA medians of 100.7%, 3.8% and 19.4%, respectively. Given
sustained solid operational performance, manageable capital
expenditures, and stable net entrance fee receipts ($7.3 million in
2019), Fitch expects liquidity metrics to hold steady over time.
However, cash growth will likely be impeded in the near term by
some elevated business expenses and potential investment portfolio
risk related to coronavirus.

Overall sales and marketing activity remain on par with
expectations, despite the coronavirus creating some challenges.
Move-ins for Lakeview's ILUs have proceeded as planned and the
Lenexa housing market has also remained stable, which gives
management confidence that prospective sales will not be adversely
affected in the near term. Though Lakeview is not currently
conducting in-person campus tours, to mitigate infection risk among
residents, sales staff has continued to actively call prospective
residents to sustain their interest in the community.

COMPETITIVE OPERATING ENVIRONMENT

Lakeview operates within a competitive environment, with three
other full-service retirement communities within its primary
marketing area (PMA), including two newer communities that opened
in 2007, as well as other for-profit retirement population care
providers. The competitive environment somewhat limits Lakeview's
pricing power and flexibility and remains a continual challenge.

The community has a relatively high average age of plant (16.1
years in 2019) and some unmarketable units (52 as of Dec. 31,
2019), which contributes to ILU occupancy challenges. To enhance
the appeal of ILUs on campus, management has undertaken projects to
reposition older four-plex cottages with more modern single-family
and duplex buildings and combining smaller apartment units. These
initiatives have helped Lakeview meet current market demands for
unit size and amenities and right-size the campus by reducing the
number of ILUs. Management anticipates continuing these practices
over the longer term.

Annual capital expenditures were 119.2% of depreciation in 2019,
and the community's five-year capital improvement program averages
about 125% of annual depreciation, comprising refreshment of older
units on campus and other routine spending. These capital plans
should help Lakeview's campus stay updated.

Consistent execution of campus updates, combined with higher
entrance fees and margins for the new ILUs, should be accretive to
Lakeview's balance sheet over time. Challenges related to
coronavirus have not materially impacted Lakeview's modernization
efforts but have temporarily slowed the pace of sales for the new
cottages. Fitch believes this is a temporary setback and, because
only nine villas are under construction, does not believe this
slowdown has rating implications at this time.

Census levels in assisted living and skilled nursing were strong in
2019 at 97% and 91%, respectively. To stay competitive and improve
occupancy, management took 14 short-term rehab beds out of service
on July 1, 2018 (down from 52 to 38) and converted them to private
units in 2019, which has positioned the community to increase its
Medicare census.

Management has implemented a number of strategies to increase
volumes in its rehab center, including the opening of a number of
outpatient therapy suites in the broader community. However, due to
the coronavirus, building out this operation further has been
scaled back, and cost efficiencies have been implemented.
Nevertheless, Fitch believes the rehab center will be accretive to
operations in the longer term. Similarly, Lakeview also runs a home
health business that showed significant growth in 2018 but has seen
some recent losses due to the coronavirus outbreak. Fitch expects
this business line will recover and provide both diversification
and profitability to Lakeview's operations over the longer term.

MANAGABLE LONG-TERM LIABILITY PROFILE

As of Dec. 31, 2019, Lakeview had approximately $69 million
outstanding in long-term debt, which primarily includes $52 million
in fixed-rate series 2018A bonds and $16 million in fixed-rate
series 2017A bonds. Lakeview's long-term liability profile was
manageable in fiscal 2019, with MADS to revenue of 12.2% and
debt-to-net available of 5.6x. The organization has no swap
exposure.

REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF
RATING

The principal sources of information used in the analysis are
described in the Applicable Criteria.

ESG CONSIDERATIONS

ESG issues are credit neutral or have only a minimal credit impact
on the entity(ies), either due to their nature or the way in which
they are being managed by the entity(ies).


LANAI HOLDINGS: Bank Debt Trades at 21% Discount
------------------------------------------------
Participations in a syndicated loan under which Lanai Holdings III
Inc is a borrower were trading in the secondary market around 79
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD630 million term loan is scheduled to mature on August 28,
2022.  As of April 24, 2020, USD604 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


LANDS' END: Bank Debt Trades at 19% Discount
---------------------------------------------
Participations in a syndicated loan under which Lands' End Inc is a
borrower were trading in the secondary market around 81
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD515 million term loan is scheduled to mature on April 4,
2021.  As of April 24, 2020, USD384 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


LATHAM POOL: Bank Debt Trades at 16% Discount
---------------------------------------------
Participations in a syndicated loan under which Latham Pool
Products Inc is a borrower were trading in the secondary market
around 84 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD215 million term loan is scheduled to mature on June 19,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


LEARNING CARE 2: Bank Debt Trades at 17% Discount
-------------------------------------------------
Participations in a syndicated loan under which Learning Care Group
US No 2 Inc is a borrower were trading in the secondary market
around 83 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD550 million term loan is scheduled to mature on March 13,
2025.  As of April 24, 2020, USD539 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


LEE HI ASSOCIATES: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Lee Hi Associates L.L.C.
        2695 Turnberry Road
        Salem, VA 24153

Business Description: Lee Hi Associates L.L.C. is primarily
                      engaged in renting and leasing real estate
                      properties.

Chapter 11 Petition Date: April 30, 2020

Court: United States Bankruptcy Court
       Western District of Virginia

Case No.: 20-70467

Debtor's Counsel: Andrew S. Goldstein, Esq.
                  MAGEE GOLDSTEIN LASKY & SAYERS, P.C.
                  Post Office Box 404
                  Roanoke, VA 24003-0404
                  Tel: (540) 343-9800
                  E-mail: agoldstein@mglspc.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Stuart L. Meredith, managing member.

The Debtor stated it has no unsecured creditors.

A copy of the petition is available for free at PacerMonitor.com
at:

                    https://is.gd/f62lZS


LIFEMILES LTD: Bank Debt Trades at 16% Discount
------------------------------------------------
Participations in a syndicated loan under which LifeMiles Ltd is a
borrower were trading in the secondary market around 84
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD495 million term loan is scheduled to mature on August 18,
2022.  As of April 24, 2020, USD389 million from the loan remains
outstanding.

The Company's country of domicile is Columbia.


LIFESCAN GLOBAL: Bank Debt Trades at 16% Discount
-------------------------------------------------
Participations in a syndicated loan under which LifeScan Global
Corp is a borrower were trading in the secondary market around 84
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD1475 million term loan is scheduled to mature on October 1,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


LIFESCAN GLOBAL: Bank Debt Trades at 35% Discount
-------------------------------------------------
Participations in a syndicated loan under which LifeScan Global
Corp is a borrower were trading in the secondary market around 65
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD275 million term loan is scheduled to mature on October 1,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


LIGADO NETWORKS: Bank Debt Trades at 59% Discount
-------------------------------------------------
Participations in a syndicated loan under which Ligado Networks LLC
is a borrower were trading in the secondary market around 41
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD3138 million pik term loan is scheduled to mature on
December 7, 2020.  As of April 24, 2020, the full amount has been
drawn and is outstanding.

The Company's country of domicile is U.S.


LIGHTSTONE HOLDCO: Bank Debt Trades at 22% Discount
---------------------------------------------------
Participations in a syndicated loan under which Lightstone Holdco
LLC is a borrower were trading in the secondary market around 78
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD1862 million term loan is scheduled to mature on January 30,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


LIGHTSTONE HOLDCO: Bank Debt Trades at 25% Discount
---------------------------------------------------
Participations in a syndicated loan under which Lightstone Holdco
LLC is a borrower were trading in the secondary market around 75
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD100 million term loan is scheduled to mature on January 30,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


LIMETREE BAY: Bank Debt Trades at 25% Discount
----------------------------------------------
Participations in a syndicated loan under which Limetree Bay
Terminals LLC is a borrower were trading in the secondary market
around 75 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD465 million term loan is scheduled to mature on February 15,
2024.  As of April 24, 2020, USD452 million from the loan remains
outstanding.

The Company's country of domicile is the U.S. Virgin Islands.


LIQUI-BOX CORP: Bank Debt Trades at 23% Discount
------------------------------------------------
Participations in a syndicated loan under which Liqui-Box Corp is a
borrower were trading in the secondary market around 77
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD530 million term loan is scheduled to mature on February 26,
2027.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


LJ RUBY: Bank Debt Trades at 24% Discount
-----------------------------------------
Participations in a syndicated loan under which LJ Ruby Holdings
LLC is a borrower were trading in the secondary market around 76
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD320 million term loan is scheduled to mature on August 26,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


LSF9 ATLANTIS: Bank Debt Trades at 19% Discount
-----------------------------------------------
Participations in a syndicated loan under which LSF9 Atlantis
Holdings LLC is a borrower were trading in the secondary market
around 81 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD575 million term loan is scheduled to mature on May 1, 2023.
As of April 24, 2020, USD535 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


LTI HOLDINGS: Bank Debt Trades at 46% Discount
----------------------------------------------
Participations in a syndicated loan under which LTI Holdings Inc is
a borrower were trading in the secondary market around 54
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD315 million term loan is scheduled to mature on September 6,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


LUCID ENERGY: Bank Debt Trades at 38% Discount
----------------------------------------------
Participations in a syndicated loan under which Lucid Energy Group
II Borrower LLC is a borrower were trading in the secondary market
around 62 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD950 million term loan is scheduled to mature on February 18,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


LUCID ENERGY: Bank Debt Trades at 41% Discount
----------------------------------------------
Participations in a syndicated loan under which Lucid Energy Group
II Borrower LLC is a borrower were trading in the secondary market
around 59 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD125 million term loan is scheduled to mature on February 18,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


LUCKY RABBIT: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The Office of the U.S. Trustee on April 28, 2020, disclosed in a
court filing that no official committee of unsecured creditors has
been appointed in the Chapter 11 case of Lucky Rabbit, LLC.
  
                      About Lucky Rabbit

Lucky Rabbit, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D.N.Y. Case No. 20-10406) on March 10,
2020.  At the time of the filing, Debtor had estimated assets of
less than $50,000 and liabilities of between $100,001 and $500,000.
Judge Carl L. Bucki oversees the case.  Baumeister Denz, LLP is
Debtor's legal counsel.


MED PARENTCO: Bank Debt Trades at 17% Discount
-----------------------------------------------
Participations in a syndicated loan under which MED ParentCo LP is
a borrower were trading in the secondary market around 83
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The $211 million facility is a delay-draw term loan.  It is
scheduled to mature on August 31, 2026.  

The Company's country of domicile is U.S.



MEDALLION MIDLAND: Bank Debt Trades at 30% Discount
---------------------------------------------------
Participations in a syndicated loan under which Medallion Midland
Acquisition LLC is a borrower were trading in the secondary market
around 70 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD750 million term loan is scheduled to mature on October 30,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


MEDICAL DEPOT: Bank Debt Trades at 39% Discount
------------------------------------------------
Participations in a syndicated loan under which Medical Depot
Holdings Inc is a borrower were trading in the secondary market
around 61 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD430 million term loan is scheduled to mature on January 3,
2023.  As of April 24, 2020, USD387 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


MEDICAL SOLUTIONS: Bank Debt Trades at 16% Discount
---------------------------------------------------
Participations in a syndicated loan under which Medical Solutions
Holdings Inc is a borrower were trading in the secondary market
around 85 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD75 million term loan is scheduled to mature on June 14,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


MEN'S WEARHOUSE: Bank Debt Trades at 60% Discount
-------------------------------------------------
Participations in a syndicated loan under which Men's Wearhouse
Inc/The is a borrower were trading in the secondary market around
40 cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD896 million term loan is scheduled to mature on April 9,
2025.  As of April 24, 2020, USD882 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



MGF SOURCING: Bank Debt Trades at 16% Discount
----------------------------------------------
Participations in a syndicated loan under which MGF Sourcing US LLC
is a borrower were trading in the secondary market around 84
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD20 million term loan is scheduled to mature on January 15,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


MGM RESORTS: S&P Rates $500MM Senior Notes Due 2025 'BB-'
---------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '3'
recovery rating to Las Vegas-based casino operator MGM Resorts
International's proposed $500 million senior notes due 2025 and
placed the issue-level rating on CreditWatch with negative
implications. The '3' recovery rating indicates S&P's expectation
for meaningful recovery (50%-70%; rounded estimate: 65%) in the
event of a payment default.

"We expect the company to use the proceeds from the proposed notes
for general corporate purposes, including to bolster its liquidity
while its casino resorts remain closed across the U.S. Pro forma
for the proposed issuance, MGM had about $4.3 billion of cash on
its balance sheet as of March 31, 2020 (excluding cash at MGM China
and MGM Growth Properties), including its fully drawn $1.5 billion
revolving credit facility. We believe the company's U.S. liquidity
sources will provide sufficient runway to cover its estimated
monthly cash outflows of $270 million--including operating and
corporate expenses, net rent, interest, and expected capital
expenditures--for nearly 15 months in a zero revenue environment,"
S&P said.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- S&P has lowered its estimate of MGM's emergence valuation
following its sale of the Bellagio and MGM Grand real estate. Its
lower valuation incorporates that MGM's unsecured lenders no longer
benefit from the value of the real estate and their recovery value
is impaired by the associated contractual rent MGM now pays.

-- S&P revised downward the EBITDA multiple it uses to value MGM
to 6.5x from 7.0x. This multiple is in line with the rating
agency's leisure industry average and the multiples it uses for
diversified gaming operating companies that do not own the majority
of their real estate.

-- S&P's simulated default scenario contemplates a payment default
occurring by 2024 because of a significant decline in cash flow due
to prolonged economic weakness and increased competitive pressures,
particularly in Las Vegas, where MGM Resorts' domestic operations
are concentrated.

-- S&P's recovery analysis is based on the company's wholly owned
domestic operations.

-- S&P assumes MGM Resorts' $1.5 billion revolving credit facility
is 100% drawn at the time of default.

-- S&P assumes any debt maturing between now and the year of
default is refinanced on similar terms and its maturity is extended
to at least the year of default.

Simplified waterfall

-- EBITDA at emergence: About $670 million
-- EBITDA multiple: 6.5x
-- Gross recovery value: $4.4 billion
-- Net recovery value (after 5% administrative expenses): $4.1
billion
-- Estimated senior unsecured claims: $6.2 billion
-- Value available for senior unsecured claims: $4.1 billion
-- Recovery expectations: 50%-70% (rounded estimate: 65%)

Note: All debt amounts include six months of prepetition interest.


MICHAEL KORS: Bank Debt Trades at 19% Discount
----------------------------------------------
Participations in a syndicated loan under which Michael Kors USA
Inc is a borrower were trading in the secondary market around 81
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD800 million term loan is scheduled to mature on December 31,
2023.  As of April 24, 2020, USD700 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


MIDAS INTERMEDIATE: Bank Debt Trades at 21% Discount
----------------------------------------------------
Participations in a syndicated loan under which Midas Intermediate
Holdco II LLC is a borrower were trading in the secondary market
around 79 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD609 million term loan is scheduled to mature on August 18,
2021.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


MLN US: Bank Debt Trades at 42% Discount
----------------------------------------
Participations in a syndicated loan under which MLN US Holdco LLC
is a borrower were trading in the secondary market around 58
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD260 million term loan is scheduled to mature on November 30,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


MND HOLDINGS: Bank Debt Trades at 22% Discount
----------------------------------------------
Participations in a syndicated loan under which MND Holdings III
Corp is a borrower were trading in the secondary market around 78
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD258 million term loan is scheduled to mature on June 19,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



MOHEGAN GAMING: Bank Debt Trades at 23% Discount
-------------------------------------------------
Participations in a syndicated loan under which Mohegan Gaming &
Entertainment is a borrower were trading in the secondary market
around 77 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The $428 million term loan is scheduled to mature on October 13,
2021.  As of April 24, 2020, $237 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


MOHEGAN GAMING: Bank Debt Trades at 24% Discount
------------------------------------------------
Participations in a syndicated loan under which Mohegan Gaming &
Entertainment is a borrower were trading in the secondary market
around 76 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD863 million term loan is scheduled to mature on October 13,
2023.  As of April 24, 2020, USD802 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



MONEYGRAM INTERNATIONAL: Bank Debt Trades at 26% Discount
---------------------------------------------------------
Participations in a syndicated loan under which MoneyGram
International Inc is a borrower were trading in the secondary
market around 74 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD645 million term loan is scheduled to mature on June 30,
2023.  As of April 24, 2020, USD640 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


MONITRONICS INTERNATIONAL: Bank Debt Trades at 30% Discount
------------------------------------------------------------
Participations in a syndicated loan under which Monitronics
International Inc is a borrower were trading in the secondary
market around 70 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD823 million term loan is scheduled to mature on March 29,
2024.  As of April 24, 2020, USD818 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



MOORE PROPERTIES: Burton Realty Group Okayed as Listing Firm
------------------------------------------------------------
Moore Properties of Person County, LLC won approval from the U.S.
Bankruptcy Court for the Middle District of North Carolina to hire
Keller Williams Burton Realty Group, Inc. as listing firm for the
Debtor's 75.54 acres of real property located on Surl Mt. Tirzah
Road in Timberlake, North Carolina.

The listing firm agrees to provide the Debtor the benefit of the
firm's knowledge, experience and advice in the marketing and sale
of the property. The Debtor understands that the firm makes no
representation or guarantee as to the sale of the property, but the
firm agrees to use its best efforts in good faith to find a buyer
who is ready, willing and able to purchase the property.

The Debtor seeks authority to pay Burton Realty a commission of 10%
of the sale price of the property.

The firm has not received a retainer from the Debtor, nor did it
receive payments from the Debtor during the 90 days immediately
preceding the Petition Date.

Laura Burton, a realtor at Keller Williams Burton Realty Group,
Inc., disclosed in court filings that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code, as modified by Section 1107(b) of the Bankruptcy Code.

The firm can be reached through:

     Laura Burton
     KELLER WILLIAMS BURTON REALTY GROUP, INC.
     7751 Brier Creek Parkway, Suite 100
     Raleigh, NC 27617

               About Moore Properties of Person County

Moore Properties of Person County, LLC, owner of a real property
located on Surl Mt. Tirzah Road in Timberlake, North Carolina,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
M.D.N.C. Case No. 20-80081) on Feb. 10, 2020. At the time of the
filing, the Debtor disclosed assets of between $100,001 and
$500,000 and liabilities of the same range. Judge Benjamin A. Kahn
oversees the case. The Debtor tapped James C. White, Esq., at J.C.
White Law Group, PLLC, as its legal counsel.


MYOMO INC: Secures $1.1 Million PPP Loan from Silicon Valley Bank
-----------------------------------------------------------------
Myomo, Inc., previously submitted an application to Silicon Valley
Bank under the Small Business Administration Paycheck Protection
Program (the "PPP") enabled by the Coronavirus Aid, Relief and
Economic Security Act of 2020 (the "CARES Act").  The application
was subsequently approved and on April 24, 2020, the Company
entered into the U.S. Small Business Administration Paycheck
Protection Program Note with the Lender for a loan in the amount of
$1,077,590.  The Company received the full amount of the Loan on
April 24, 2020 and currently plans to use the proceeds to support
working capital such as payroll costs, rent and utilities in
accordance with the relevant terms and conditions of the CARES
Act.

The advance under the Loan bears interest at a rate per annum of
1%.  The term of the Loan is two years, ending April 24, 2022.  No
payments are due on the Loan for six months from the date of first
disbursement of the Loan, but interest will continue to accrue
during the Deferment Period.  Following the Deferment Period, the
Company must pay monthly principal and interest payments on the
outstanding principal balance of the Loan amortized over the term
of the Loan, unless forgiven in whole or in part in accordance with
the PPP regulations.  These repayments will begin seven months from
the date of the first disbursement of the Loan until the Maturity
Date.

The Company may prepay the principal of the Loan at any time
without incurring any prepayment charges.

The Loan may be forgiven partially or fully if the funding received
is used for payroll costs, interest on covered mortgages, covered
rent, and covered utilities, provided that at least 75% of the
forgiven amount has been used for payroll costs. Forgiveness is
based on the Company's maintaining, or quickly rehiring employees
and maintaining applicable salary levels. Forgiveness will be
reduced if full-time headcount declines, or if salaries and wages
decrease.  Any forgiveness of the Loan shall be subject to approval
of the SBA and will require the Company and the Lender to apply to
the SBA for such treatment in the future.

The Company did not provide any collateral or personal guarantees
for the Loan, nor did the Company pay any facility charge to the
government or to the Lender.

The Promissory Note also provides for customary events of default,
including, among others, events of default relating to failure to
make payment or comply with the covenants contained in the Note and
related loan documents, defaults on any other loan with the Lender,
defaults on any loan or agreement with another creditor (if the
Lender believes the default may materially affect the Company's
ability pay the Note), failure to pay any taxes when due,
bankruptcy, breaches of representations, judgment, reorganization,
merger, consolidation or other changes in ownership or business
structure without the Lender's prior written consent, and material
adverse changes in financial condition or business operation.  Upon
an event of default the Lender may require immediate payment of all
amounts owing under the Note, collect all amounts owing from the
Company, or file suit and obtain judgment.

                          About Myomo

Headquartered in Cambridge, Massachusetts, Myomo, Inc. --
http://www.myomo.com-- is a wearable medical robotics company that
offers expanded mobility for those suffering from neurological
disorders and upper limb paralysis.  Myomo develops and markets the
MyoPro product line.  MyoPro is a powered upper limb orthosis
designed to support the arm and restore function to the weakened or
paralyzed arms of patients suffering from CVA stroke, brachial
plexus injury, traumatic brain or spinal cord injury, ALS or other
neuromuscular disease or injury.

Myomo reported a net loss of $10.71 million for the year ended Dec.
31, 2019, compared to a net loss of $10.32 million for the year
ended Dec. 31, 2018.  As of Dec. 31, 2019, the Company had $6.60
million in total assets, $4.77 million in total liabilities, and
$1.82 million in total stockholders' equity.

Myomo stated in its 2019 Annual Report that, "We have a history of
losses since inception.  For the years ended December 31, 2019 and
2018, we incurred net losses of approximately $10.7 million and
$10.3 million, respectively.  At December 31, 2019, we had an
accumulated deficit of approximately $56.1 million.  We expect to
continue to incur operating and net losses for the foreseeable
future as we expand our sales and marketing efforts, invest in
product development and establish the necessary administrative
functions to support our growing operations and being a public
company.  Our losses in future periods may be greater than the
losses we would incur if we developed our business more slowly. In
addition, we may find that these efforts are more expensive than we
currently anticipate or that these efforts may not result in
increases in our revenues, which would further increase our losses.
Our cash and cash equivalents balance at December 31, 2019 was
approximately $4.5 million, which includes gross proceeds of
approximately $3.0 million from a term loan ("Term Loan") from
Chicago Venture Partners ("CVP") entered into in October 2019, but
excludes net proceeds from a public offering of our common stock
completed in February 2020 of approximately $13.7 million,
Subsequent to the closing of our public equity offering, we repaid
approximately $2.0 million to CVP, comprising 50% of the
outstanding balance of the Term Loan and a prepayment fee.  There
can be no assurance that our existing cash plus the cash raised in
the offering will be sufficient to achieve cash flow breakeven."


NATIONAL CINEMEDIA: Bank Debt Trades at 21% Discount
-----------------------------------------------------
Participations in a syndicated loan under which National CineMedia
LLC is a borrower were trading in the secondary market around 79
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD270 million term loan is scheduled to mature on June 20,
2025.  As of April 24, 2020, USD266 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


NAUTILUS POWER: Bank Debt Trades at 18% Discount
------------------------------------------------
Participations in a syndicated loan under which Nautilus Power LLC
is a borrower were trading in the secondary market around 82
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD729 million term loan is scheduled to mature on May 16,
2024.  As of April 24, 2020, USD721 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



NAVICO INC: Bank Debt Trades at 42% Discount
---------------------------------------------
Participations in a syndicated loan under which Navico Inc is a
borrower were trading in the secondary market around 58
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The $260 million term loan is scheduled to mature on March 31,
2023.  As of April 24, 2020, $249 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



NAVITAS MIDSTREAM: Bank Debt Trades at 38% Discount
---------------------------------------------------
Participations in a syndicated loan under which Navitas Midstream
Midland Basin LLC is a borrower were trading in the secondary
market around 62 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD350 million term loan is scheduled to mature on December 13,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


NBG ACQUISITION: Bank Debt Trades at 48% Discount
-------------------------------------------------
Participations in a syndicated loan under which NBG Acquisition Inc
is a borrower were trading in the secondary market around 52
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD260 million term loan is scheduled to mature on April 13,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


NELLSON NUTRACEUTICAL: Bank Debt Trades at 21% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Nellson
Nutraceutical LLC is a borrower were trading in the secondary
market around 79 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD384 million term loan is scheduled to mature on December 23,
2021.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


NELSON EDUCATION: Bank Debt Trades at 43% Discount
---------------------------------------------------
Participations in a syndicated loan under which Nelson Education
Ltd is a borrower were trading in the secondary market around 57
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The $311 million term loan is scheduled to mature on July 3, 2014.
As of April 24, 2020, $279 million from the loan remains
outstanding.

The Company's country of domicile is Canada.


NEOVIA LOGISTICS: Bank Debt Trades at 21% Discount
--------------------------------------------------
Participations in a syndicated loan under which Neovia Logistics LP
is a borrower were trading in the secondary market around 79
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD325 million term loan is scheduled to mature on May 8, 2024.
As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


NEP GROUP: Bank Debt Trades at 21% Discount
-------------------------------------------
Participations in a syndicated loan under which NEP Group Inc is a
borrower were trading in the secondary market around 79
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD1130 million term loan is scheduled to mature on October 20,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


NES GLOBAL: Bank Debt Trades at 18% Discount
---------------------------------------------
Participations in a syndicated loan under which NES Global Talent
Finance US LLC is a borrower were trading in the secondary market
around 82 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD275 million term loan is scheduled to mature on May 11,
2023.  As of April 24, 2020, USD271 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


NETSMART INC: Bank Debt Trades at 20% Discount
----------------------------------------------
Participations in a syndicated loan under which Netsmart Inc is a
borrower were trading in the secondary market around 80
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD167 million term loan is scheduled to mature on October 19,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



NEUSTAR INC: Bank Debt Trades at 20% Discount
---------------------------------------------
Participations in a syndicated loan under which NeuStar Inc is a
borrower were trading in the secondary market around 80
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD973 million term loan is scheduled to mature on August 8,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



NEUSTAR INC: Bank Debt Trades at 42% Discount
---------------------------------------------
Participations in a syndicated loan under which NeuStar Inc is a
borrower were trading in the secondary market around 58
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD325 million term loan is scheduled to mature on August 8,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


NEW ARCLIN US: Bank Debt Trades at 18% Discount   
--------------------------------------------------
Participations in a syndicated loan under which New Arclin US
Holding Corp is a borrower were trading in the secondary market
around 82 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD125 million term loan is scheduled to mature on February 14,
2025.  As of April 24, 2020, USD85 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


NEW CONSTELLIS: Bank Debt Trades at 78% Discount
------------------------------------------------
Participations in a syndicated loan under which New Constellis
Borrower LLC is a borrower were trading in the secondary market
around 23 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD150 million pik term loan is scheduled to mature on March
27, 2025.  As of April 24, 2020, the full amount has been drawn and
is outstanding.

The Company's country of domicile is U.S.


NEW MILLENNIUM: Bank Debt Trades at 65% Discount
------------------------------------------------
Participations in a syndicated loan under which New Millennium
Holdco Inc is a borrower were trading in the secondary market
around 35 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD600 million term loan is scheduled to mature on December 21,
2020.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


NGS US: Bank Debt Trades at 20% Discount
----------------------------------------
Participations in a syndicated loan under which NGS US Finco LLC is
a borrower were trading in the secondary market around 80
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD250 million term loan is scheduled to mature on October 1,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



NMSC HOLDINGS: Bank Debt Trades at 54% Discount
-----------------------------------------------
Participations in a syndicated loan under which Nmsc Holdings Inc
is a borrower were trading in the secondary market around 46
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD340 million term loan is scheduled to mature on April 19,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


NN INC: Bank Debt Trades at 28% Discount
----------------------------------------
Participations in a syndicated loan under which NN Inc is a
borrower were trading in the secondary market around 72
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD539 million term loan is scheduled to mature on October 19,
2022.  As of April 24, 2020, USD525 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


NN INC: Bank Debt Trades at 28% Discount
-----------------------------------------
Participations in a syndicated loan under which NN Inc is a
borrower were trading in the secondary market around 72
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The $260 million term loan is scheduled to mature on October 19,
2022.  As of April 24, 2020, $254 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



NORDAM GROUP: Bank Debt Trades at 21% Discount
----------------------------------------------
Participations in a syndicated loan under which The NORDAM Group
Inc. is a borrower were trading in the secondary market around 79
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD250 million term loan is scheduled to mature on April 9,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


NORTH AMERICAN: Bank Debt Trades at 68% Discount
------------------------------------------------
Participations in a syndicated loan under which North American
Lifting Holdings Inc is a borrower were trading in the secondary
market around 33 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD185 million term loan is scheduled to mature on November 27,
2021.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


NORTHERN STAR: Bank Debt Trades at 19% Discount
-----------------------------------------------
Participations in a syndicated loan under which Northern Star
Industries Inc is a borrower were trading in the secondary market
around 81 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD135 million term loan is scheduled to mature on March 28,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


NORTHSTAR FINANCIAL: Bank Debt Trades at 16% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Northstar Financial
Services Group LLC is a borrower were trading in the secondary
market around 84 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD115 million term loan is scheduled to mature on May 25,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


NORTHWEST ACQUISITIONS: S&P Lowers Issuer Credit Rating to 'D'
--------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Northwest
Acquisitions ULC to 'D' from 'CCC+' after the company's operating
subsidiary, Dominion Diamond Mines ULC, announced that it has filed
for insolvency protection under The Companies' Creditors
Arrangement Act (CCAA).  

Dominion's intention to seek insolvency protection constitutes a
default under Northwest's bond indenture, according to S&P.

Meanwhile, S&P lowered its issue-level ratings on Northwest's
first-lien senior secured credit facility to 'D' from 'B' and
second-lien senior secured notes to 'D' from 'B-'. The recovery
ratings on the secured debt are unchanged.

On April 22, 2020, Northwest's wholly owned operating subsidiary,
Dominion, announced that it filed and was granted CCAA insolvency
protection in Canada. The company aims to use the CCAA process to
engage with its debt holders and other stakeholders to evaluate its
strategic alternatives and to restructure the company financially
and operationally.

The coronavirus pandemic-related business disruption (which
includes the shutdown of diamond sales and marketing activities)
and associated cash flow impact contributed to the company's
decision to file for CCAA protection.

S&P expects to withdraw all of its ratings on Northwest after 30
days.


NOVABAY PHARMACEUTICALS: Offering $4.3M Worth of Common Shares
--------------------------------------------------------------
NovaBay Pharmaceuticals, Inc., entered into an At the Market
Offering Agreement with Ladenburg Thalmann & Co. Inc. to sell
shares of the Company's common stock, par value $0.01 per share,
having a current aggregate offering amount of up to $4,302,137,
which offering amount may change as described in the Agreement,
from time to time during the term of the Agreement, through an "at
the market" equity offering program under which Ladenburg will act
as the Company's sales agent.

Under the Agreement, the Company will set the parameters for the
sale of the Shares, including the maximum number of Shares to be
sold daily and any minimum price per Share at which such Shares may
be sold.  Subject to the terms and conditions of the Agreement,
Ladenburg may sell the Shares by methods deemed to be an "at the
market offering" as defined in Rule 415 promulgated under the
Securities Act of 1933, as amended, including, without limitation,
sales made through NYSE American LLC, on any other existing trading
market for the Common Stock or to or through a market maker.  In
addition, if expressly authorized by the Company, Ladenburg may
also sell Shares in privately negotiated transactions, provided
Ladenburg receives prior written approval from the Company.  In
conducting such sales activities, Ladenburg will use its
commercially reasonable efforts consistent with its normal trading
and sales practices and applicable state and federal laws, rules
and regulations and the rules of NYSE American.  The Company has no
obligation to make any sales of Common Stock under the Agreement.
The offering of Shares pursuant to the Agreement will terminate on
July 31, 2022 unless suspended or terminated earlier by the Company
upon prior notice to Ladenburg, by Ladenburg upon prior notice to
the Company, or otherwise by mutual agreement of the parties.

The Company will pay Ladenburg a commission equal to three percent
of the gross sales proceeds of any Shares sold through Ladenburg
under the Agreement, and also has provided Ladenburg with customary
indemnification rights.

Any sales of Shares under the Agreement will be made pursuant to
the Company's shelf registration statement on Form S-3 (File No.
333-232860) filed with the Securities and Exchange Commission  and
declared effective on July 31, 2019.  The Company filed a
prospectus supplement with the Commission on April 27, 2020 in
connection with the offer and sale of the Shares pursuant to the
Agreement.

                         About Novabay

Heaquartered in , Emeryville, California, NovaBay Pharmaceuticals,
Inc. -- http://www.novabay.com/-- is a biopharmaceutical company
focusing on commercializing and developing its non-antibiotic
anti-infective products to address the unmet therapeutic needs of
the global, topical anti-infective market with its two distinct
product categories: the NEUTROX family of products and the
AGANOCIDE compounds.  The Neutrox family of products includes
AVENOVA for the eye care market, CELLERX for the aesthetic
dermatology market, and NEUTROPHASE for wound care market.

Novabay reported a net loss and comprehensive loss of $9.66 million
for the year ended Dec. 31, 2019, compared to a net loss and
comprehensive loss of $6.54 million for the year ended Dec. 31,
2018.  As of Dec. 31, 2019, the Company had $11.22 million in total
assets, $10.25 million in total liabilities, and $973,000 in total
stockholders' equity.

OUM & CO. LLP, in San Francisco, California, the Company's auditor
since 2010, issued a "going concern" qualification in its report
dated March 26, 2020 citing that the Company has experienced
operating losses for most of its history and expects expenses to
exceed revenues in 2020.  The Company also has recurring negative
cash flows from operations and an accumulated deficit.  All of
these matters raise substantial doubt about its ability to continue
as a going concern.


NPC INTERNATIONAL: Bank Debt Trades at 61% Discount
---------------------------------------------------
Participations in a syndicated loan under which NPC International
Inc is a borrower were trading in the secondary market around 39
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD605 million term loan is scheduled to mature on April 20,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


NTHRIVE INC: Bank Debt Trades at 35% Discount
---------------------------------------------
Participations in a syndicated loan under which nThrive Inc is a
borrower were trading in the secondary market around 65
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD562 million term loan is scheduled to mature on October 20,
2022.  As of April 24, 2020, USD558 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


NY METROPOLITAN COLLEGE: Fitch Puts BB on 2014 Bonds on Watch Neg.
------------------------------------------------------------------
Fitch Ratings has placed the 'BB' rating on $66.7 million of
revenue bonds, series 2014, issued by Build NYC Resource
Corporation on behalf of the Metropolitan College of New York and
MCNY's Issuer Default Rating on Rating Watch Negative.

SECURITY

The bonds are general obligations of the college and secured by a
mortgage on the 40 Rector Street property (now '60 West') and a
pledge of unrestricted revenues.

ANALYTICAL CONCLUSION

The Rating Watch Negative reflects Fitch's view that uncertainty
around the impact of the coronavirus on MCNY's market access may
impede the college's ability to refinance a $5.6 million bullet
maturity coming due August 2020. Paying the full loan amount from
available resources would result in materially weakened leverage
and liquidity metrics. Pressures on summer session enrollment may
cause additional revenue and operating pressure in the near term,
as management indicates that enrollment indicators to date are
stronger than 2019 but lag budgeted expectations. The college has
not refunded tuition or any fees and pursuit of available grants
may provide a buffer to the loss of tuition revenues from
potentially softened summer enrollment. The Rating Watch will
remain in effect until Fitch ascertains successful resolution of
the term loan bullet payment and defines a trajectory for summer
enrollment and related financial indicators which support removal
from Rating Watch.

The college stated they have instituted expense savings through
reduction in contract services and may benefit from multiple grant
opportunities, including up to $2.3 million from the Payroll
Protection Plan loan program and other grants of around $1.6
million. Due to the college's existing online offerings and
all-commuter enrollment base, management reports limited financial
pressures to date and expects future enrollment for summer and fall
sessions as the nearest opportunities to assess potential impact.

MCNY's 'BB' IDR and bond rating reflect the college's very high
leverage relative to weak revenue defensibility and stronger
operating risk management assessments. Revenue defensibility
includes Fitch's assessment of the college's weak demand
indicators, declining enrollment and reliance on student-dependent
revenue sources. Favorably, MCNY has maintained very strong cash
flow margins through proactive cost management and has
exceptionally limited intermediate-term capital needs following
completion of entirely new facilities at its Manhattan and Bronx
locations within the last three fiscal years.

KEY RATING DRIVERS

Revenue Defensibility: 'bb'

Weak Demand; Limited Revenue Sources

Revenue defensibility is characterized by moderate to weaker demand
indicators, a history of volatile and declining enrollment, and
limited access to additional revenue streams beyond student tuition
and fees. Management expects programming and marketing efforts
underway to result in enrollment stability and growth over the
intermediate term.

Operating Risk: 'aa'

Strong Cash Flow; Limited Capital Needs

MCNY's stronger operating risk assessment reflects strong and
consistent cash flow margins resulting from active expense
management relative to enrollment trends. Operating risk related to
capital is exceptionally low, as MCNY undertook financings in 2016
to outfit two entirely new campuses in Manhattan and the Bronx.

Financial Profile: 'bb'

Elevated Leverage and Sensitivity to Stress

The college's financial profile assessment incorporates very high
institutional leverage resulting from a limited available funds
(AF) cushion relative to substantial debt undertaken in recent
years for major capital. The rating is resilient to some level of
investment volatility and revenue stress but remains vulnerable to
demand volatility beyond Fitch's expectations.

ASYMMETRIC ADDITIONAL RISK CONSIDERATIONS

No asymmetric additional risk considerations apply to MCNY's
rating.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

  -- Failure to successfully refinance the $5.6 million term loan
for the Bronx Campus;

  -- Further material declines in enrollment through the end of
2020;

  -- Sustained deterioration of cash flow margins below 15%.

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

  -- A consistent and sustained trend of enrollment and net tuition
and fee revenue growth;

  -- A record of substantially improved leverage with AF to
adjusted debt consistently exceeding 50%.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Public Finance issuers have a
best-case rating upgrade scenario (defined as the 99th percentile
of rating transitions, measured in a positive direction) of three
notches over a three-year rating horizon; and a worst-case rating
downgrade scenario (defined as the 99th percentile of rating
transitions, measured in a negative direction) of three notches
over three years. The complete span of best- and worst-case
scenario credit ratings for all rating categories ranges from 'AAA'
to 'D'. Best- and worst-case scenario credit ratings are based on
historical performance.

CREDIT PROFILE

Founded in 1964, MCNY is a private, not-for-profit institution
offering certificate programs and associate and bachelor's degrees,
as well as master's degrees in education, management, public
affairs and administration. The college is accredited by the Middle
States Association of Colleges and Schools. Total FTE enrollment
has been somewhat volatile and has declined in recent years to
around 900 in fall 2019.

Students are largely adult, non-traditional commuter students.
Given this student population, courses are structured to be
accessible to working adults (day, evening, weekend) and include
distance-learning components. The college operates three full
semesters each academic year, using a cohort model; however, the
majority of students enter in the fall semester.

In August 2016, MCNY relocated its primary campus to recently
acquired space in a building in lower Manhattan near One World
Trade Center and the Fulton Center transportation hub. Previously,
the college had leased space in another downtown location.
Additionally, the college relocated its Bronx extension program to
a newly acquired building in close proximity to the prior Bronx
location. According to management, both of these facilities opened
on schedule and are now in full operation.

In addition to the sources of information identified in Fitch's
applicable criteria specified below, this action was informed by
information from Lumesis.

REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF
RATING

The principal sources of information used in the analysis are
described in the Applicable Criteria.

ESG CONSIDERATIONS

ESG issues are credit neutral or have only a minimal credit impact
on the entity(ies), either due to their nature or the way in which
they are being managed by the entity(ies).


OAK PARENT: Bank Debt Trades at 22% Discount
---------------------------------------------
Participations in a syndicated loan under which Oak Parent Inc is a
borrower were trading in the secondary market around 78
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD440 million term loan is scheduled to mature on October 26,
2023.  As of April 24, 2020, USD389 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


OECONNECTION LLC: Bank Debt Trades at 16% Discount
--------------------------------------------------
Participations in a syndicated loan under which OEConnection LLC is
a borrower were trading in the secondary market around 85
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD422 million term loan is scheduled to mature on September
25, 2026.  As of April 24, 2020, the full amount has been drawn and
is outstanding.

The Company's country of domicile is U.S.


ONEX TSG: Bank Debt Trades at 18% Discount
------------------------------------------
Participations in a syndicated loan under which Onex TSG
Intermediate Corp is a borrower were trading in the secondary
market around 82 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD530 million term loan is scheduled to mature on July 31,
2022.  As of April 24, 2020, USD523 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


ONEX TSG: Bank Debt Trades at 33% Discount
------------------------------------------
Participations in a syndicated loan under which Onex TSG
Intermediate Corp is a borrower were trading in the secondary
market around 67 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD135 million term loan is scheduled to mature on August 25,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


OPTIV SECURITY: Bank Debt Trades at 23% Discount
------------------------------------------------
Participations in a syndicated loan under which Optiv Security Inc
is a borrower were trading in the secondary market around 77
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD800 million term loan is scheduled to mature on February 1,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


OPTIV SECURITY: Bank Debt Trades at 39% Discount
------------------------------------------------
Participations in a syndicated loan under which Optiv Security Inc
is a borrower were trading in the secondary market around 61
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD230 million term loan is scheduled to mature on February 1,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


OSUM PRODUCTION: Bank Debt Trades at 24% Discount
-------------------------------------------------
Participations in a syndicated loan under which Osum Production
Corp is a borrower were trading in the secondary market around 76
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD18 million term loan is scheduled to mature on July 31,
2020.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is Canada.


OSUM PRODUCTION: Bank Debt Trades at 25% Discount
-------------------------------------------------
Participations in a syndicated loan under which Osum Production
Corp is a borrower were trading in the secondary market around 75
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD172 million term loan is scheduled to mature on July 31,
2022.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is Canada.


OUTCOMES GROUP: Bank Debt Trades at 19% Discount
------------------------------------------------
Participations in a syndicated loan under which Outcomes Group
Holdings Inc is a borrower were trading in the secondary market
around 81 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD475 million term loan is scheduled to mature on October 24,
2025.  As of April 24, 2020, USD469 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


OUTERSTUFF LLC: Bank Debt Trades at 42% Discount
------------------------------------------------
Participations in a syndicated loan under which Outerstuff LLC is a
borrower were trading in the secondary market around 58
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD155 million term loan is scheduled to mature on July 28,
2021.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


OWENS & MINOR: Bank Debt Trades at 30% Discount
-----------------------------------------------
Participations in a syndicated loan under which Owens & Minor
Distribution Inc is a borrower were trading in the secondary market
around 70 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD500 million term loan is scheduled to mature on April 30,
2025.  As of April 24, 2020, USD480 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



P2 UPSTREAM: Bank Debt Trades at 24% Discount
---------------------------------------------
Participations in a syndicated loan under which P2 Upstream
Acquisition Co is a borrower were trading in the secondary market
around 76 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD160 million term loan is scheduled to mature on April 30,
2021.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


PACE INDUSTRIES: Resigns From Creditors' Committee
--------------------------------------------------
The U.S. Trustee for Region 3 on April 27, 2020, announced that
Shapiro Sales Company resigned from the committee of unsecured
trade creditors appointed in Pace Industries, LLC's Chapter 11
case.   

The remaining members of the committee are Commercial Metals
Company and Real Alloy.

                     About Pace Industries

Pace Industries, LLC -- http://www.paceind.com/-- is a
full-service aluminum, zinc and magnesium die casting company.
Headquartered in Fayetteville, Ark., Pace Industries offers
end-to-end, nonferrous, die cast supply chain solutions, and a wide
array of capabilities and services, including advanced engineering,
tool and die fabrication, prototyping, precision machining,
assembly, finishing and painting.
  
Pace Industries and 10 affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 20-10927)
on April 12, 2020.  At the time of the filing, Debtors disclosed
assets of between $100 million and $500 million and liabilities of
the same range.

Judge Mary F. Walrath oversees the cases.

Debtors tapped Young Conaway Stargatt & Taylor, LLP and Willkie
Farr & Gallagher, LLP as bankruptcy counsel; FTI Consulting, Inc.
as financial advisor; Hughes Hubbard & Reed, LLP as special
counsel; and Kurtzman Carson Consultants, LLC as claims, noticing
and balloting agent.


PALM BEACH SURGERY: Julie B. Hershman Approved as Accountant
------------------------------------------------------------
Central Palm Beach Surgery Center Ltd. and CPBS Management LLC
sought and obtained approval from the U.S. Bankruptcy Court for the
Southern District of Florida to employ Julie B. Hershman and the
accounting firm of Julie B. Hershman, CPA, PA as accountants, nunc
pro tunc to the date of the petition on January 28, 2020.

Ms. Hershman and her firm will provide these services in connection
with the Debtors' Chapter 11 case:

     (a) monthly accounting services;

     (b) prepare monthly compilations of the Debtors' financial
statements;

     (c) assist the Debtors in preparation of its Plan, Disclosure
Statement and other work appropriate to the Chapter 11 proceedings;
and  

     (d) assist in the preparation of the Debtors' Chapter 11
Monthly Operating Reports.

Ms. Hershman and her firm have agreed to accept compensation on an
hourly basis at its standard billing of $275 per month, for
preparation and filing of the required monthly reports and for
other accounting matters, plus necessary and actual expenses from
the bankruptcy estate pursuant to the provisions of the Bankruptcy
Code.

They represent no interest adverse to the Debtors. There are no
outstanding pre-petition fees for services due to the Accountants.

The firm can be reached through:

     Julie B. Hershman
     JULIE B. HERSHMAN, CPA, PA
     2240 Palm Beach Lakes Blvd. Suite 101
     West Palm Beach, FL 33409
     Telephone: (561) 689-3889
     E-mail: Julie@jbhershmanpa.com

            About Central Palm Beach Surgery Center Ltd.

Central Palm Beach Surgery Center Ltd. and CPBS Management LLC,
owners of an ambulatory surgery center in West Palm Beach, Fla.,
filed voluntary petitions under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Fla. Lead Case No. 20-11127) on Jan. 28, 2020.  The
petitions were signed by Jonathan Cutler, authorized member. At the
time of the filing, Central Palm disclosed $7,115,518 in assets and
$12,270,801 in liabilities.

Judge Mindy A. Mora oversees the cases.

The Debtors tapped Robert C. Furr, Esq., at Furr & Cohen, P.A., as
legal counsel and Julie B. Hershman and the accounting firm of
Julie B. Hershman, CPA, PA as accountants.


PANDA STONEWALL: Bank Debt Trades at 19% Discount
--------------------------------------------------
Participations in a syndicated loan under which Panda Stonewall LLC
is a borrower were trading in the secondary market around 82
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The $200 million facility is a delay-draw term loan.  It is
scheduled to mature on November 13, 2021.  

The Company's country of domicile is U.S.


PANDA STONEWALL: S&P Lowers Senior Secured Debt Rating to 'B-'
--------------------------------------------------------------
S&P Global Ratings lowered its senior secured debt rating on Panda
Stonewall LLC to 'B-' from 'BB-', based on proximity to its
covenant threshold. S&P's '2' recovery rating is unchanged.

Panda Stonewall is 778-megawatt (MW) power plant that has now been
operational for about three years. Stonewall sells its power into
Pennsylvania-New Jersey-Maryland Interconnection's (PJM) Dominion
zone.

"We expect Panda Stonewall will have a very weak year in 2020, and
will hover near its minimum 1.15x debt service coverage ratio
(DSCR) threshold over the rest of the year," S&P said.

The negative outlook reflects the possibility that Stonewall may
underperform S&P's current forecast over the rest of the year. S&P
expects the project to have minimal cushion to its 1.15x minimum
DSCR covenant thresholds through 2020.

"We would consider a downgrade if we came to believe Stonewall's
capital structure was unsustainable. This would likely occur if
Stonewall began using its equity cures and we forecast 2020 DSCRs
below the project's 1.15x covenant threshold in future quarters,"
S&P said.

"We could revise our outlook to stable if Stonewall manages through
the rest of the year without breaching its minimum DSCR covenant
and we forecast a greater degree of cushion to the project's
covenant thresholds. This is our base-case forecast," S&P said.


PAR PETROLEUM: Bank Debt Trades at 28% Discount
------------------------------------------------
Participations in a syndicated loan under which Par Petroleum LLC
is a borrower were trading in the secondary market around 72
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The $250 million term loan is scheduled to mature on January 11,
2026.  As of April 24, 2020, $238 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


PARTY CITY: Bank Debt Trades at 49% Discount
--------------------------------------------
Participations in a syndicated loan under which Party City Holdings
Inc is a borrower were trading in the secondary market around 51
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD1,211 million term loan is scheduled to mature on August 19,
2022.  As of April 24, 2020, USD716 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


PEABODY ENERGY: Bank Debt Trades at 49% Discount
-------------------------------------------------
Participations in a syndicated loan under which Peabody Energy Corp
is a borrower were trading in the secondary market around 51
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD400 million term loan is scheduled to mature on March 31,
2025.  As of April 24, 2020, USD391 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



PELICAN PRODUCTS: Bank Debt Trades at 23% Discount
--------------------------------------------------
Participations in a syndicated loan under which Pelican Products
Inc is a borrower were trading in the secondary market around 78
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD110 million term loan is scheduled to mature on May 1, 2026.
As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


PFS HOLDING: Bank Debt Trades at 61% Discount
---------------------------------------------
Participations in a syndicated loan under which PFS Holding Corp is
a borrower were trading in the secondary market around 39
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD280 million term loan is scheduled to mature on January 31,
2021.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


PH BEAUTY: Bank Debt Trades at 24% Discount
-------------------------------------------
Participations in a syndicated loan under which PH Beauty Holdings
III Inc is a borrower were trading in the secondary market around
76 cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD270 million term loan is scheduled to mature on September
28, 2025.  As of April 24, 2020, the full amount has been drawn and
is outstanding.

The Company's country of domicile is U.S.


PMHC II: Bank Debt Trades at 39% Discount
-----------------------------------------
Participations in a syndicated loan under which PMHC II Inc is a
borrower were trading in the secondary market around 61
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD515 million term loan is scheduled to mature on March 28,
2025.  As of April 24, 2020, USD507 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


PMHC II: Bank Debt Trades at 58% Discount
-----------------------------------------
Participations in a syndicated loan under which PMHC II Inc is a
borrower were trading in the secondary market around 42
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD150 million term loan is scheduled to mature on March 28,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


POET TECHNOLOGIES: Lowers Net Loss to $5.9 Million in 2019
----------------------------------------------------------
POET Technologies, Inc., reported a net loss of US$5.95 million for
the year ended Dec. 31, 2019, compared to a net loss of US$16.32
million for the year ended Dec. 31, 2018.

Full year revenue, including contribution from discontinued
operations, was US$4.4 million compared to US$3.9 million in 2018.

As of Dec. 31, 2019, the Company had US$24.08 million in total
assets, US$5.04 million in total liabilities, and US$19.04 million
in shareholders' equity.

The Company has historically incurred losses and negative cash
flows from operations since its inception.  As of Dec. 31, 2019,
the Company had an accumulated deficit of $139,148,807.

The Company had working capital of US$15,354,149 on Dec. 31, 2019
compared to $3,847,842 on Dec. 31, 2018.  The Company's balance
sheet as of Dec. 31, 2019 reflects assets with a book value of
$24,077,355 compared to $25,137,903 as of Dec. 31, 2018.
Eighty-four percent of the book value at Dec. 31, 2019 was in
current assets consisting primarily of receivable from the sale of
discontinued operations of $18,000,000 compared to 27% of the book
value as of Dec. 31, 2018, or $6,888,264, was in current assets
consisting primarily of cash and other current assets.

The Company is satisfied that it has sufficient working capital to
meet its operating requirements over the next 12 months.

The Company currently does not maintain credit facilities.  The
Company said its existing cash and cash resources are not
considered sufficient to fund operating and investing activities
beyond one year from the issuance of these consolidated financial
statements.  The Company will need to seek additional financing to
continue as a going concern.

                        Financial Summary

Due to the sale of its wholly owned subsidiary, DenseLight
Semiconductor Pte Ltd, the Company is required to report the
activities of DenseLight as a discontinued operation with effect
from Jan. 1, 2019.  The financial statements reflect this
classification.  The Company operated as a single integrated entity
until Nov. 8, 2019, the Closing Date of the sale transaction.  For
comparative purposes, all financial data represent the combined
results from both continuing and discontinued operations and is
presented on a proforma, non-IFRS basis in the table at the bottom
of this press release.  The required IFRS presentation of the
Company's Financial Statements can be found in its recent filings
on SEDAR.

With the sale of DenseLight, the Company recognized only one month
of revenue in the fourth quarter of 2019.  Revenue in the third
quarter of 2019 was US$1.2 million.  Fourth quarter 2018 revenue
was US$1.6 million.  Even with a stub period in the fourth quarter
of 2019, revenue for the full year increased by US$0.5 million, or
14%, to US$4.4 million compared to revenue of US$3.9 million in
2018.  The increase resulted primarily from an increase in NRE
revenue that DenseLight began recognizing in late 2018.  For the
full year 2019 the increased NRE contributed to higher gross margin
of US$3.2 million, or 73% of revenue, compared to US$2.4 million,
or 62% of revenue, in 2018.

Including discontinued operations, the Company reported
consolidated net income of US$3.5 million, or US$0.01 per share, in
the fourth quarter of 2019 compared to a net loss of (US$2.9)
million, or (US$0.01) per share, in the third quarter of 2019.

Net loss was (US$3.6) million, or (US$0.01) per share, in the
fourth quarter of 2018.  The net income in the fourth quarter of
2019 included a gain of US$8.7 million on the US$26 million in
proceeds from the sale of DenseLight.  Non-cash expenses in the
fourth quarter of 2019 included stock-based compensation of US$0.3
million, and depreciation and amortization of US$0.1 million.
Non-cash costs for the third quarter of 2019 included stock-based
compensation of US$0.9 million, and depreciation and amortization
of US$42,000.  Non-cash stock-based compensation and depreciation
and amortization were US$1.0 million and US$0.7 million,
respectively, in the fourth quarter of 2018.  The reduction of
depreciation and amortization expense in 2019 compared to 2018 is a
result of the classification of the DenseLight subsidiary as
discontinued operations, for which depreciation and amortization
expense is not recognized.

The Company reported other income of US$5,677 in the fourth quarter
of 2019 and US$1.2 million in the third quarter of 2019. Other
income was US$0.9 million in the fourth quarter of 2018. Other
income in third quarter of 2019 and the fourth quarter of 2018
primarily related to cash recoveries from the Economic Development
Board ("EDB") of Singapore as credits for expenditures on certain
qualifying R&D costs.  The Company met all of the requirements for
the EDB credits and received those funds.  The EDB program ended in
the third quarter of 2019.

During the fourth quarter of 2019, the Company had non-cash
debt-related finance costs of US$254,000 compared to US$235,000 in
the third quarter of 2019.  There were no debt-related finance
costs in the fourth quarter of 2018.  Fourth quarter 2019 interest
paid on funds borrowed amounted to US$193,000 compared to
US$209,000 in the third quarter of 2019.  No interest was paid in
fourth quarter of 2018.

On a non-IFRS basis, cash loss from operations in fourth quarter of
2019 was (US$3.7) million compared to (US$1.9) million in the prior
quarter and (US$5.6) million during the same quarter in 2018.

During the fourth quarter of 2019, the Company repaid US$4.0
million of bridge loans and a promissory note plus accrued interest
to certain debt holders per the debt agreements.  The Company ended
the year with $1.4 million in cash and cash equivalents.

A full-text copy of the Form 20-F as filed with the U.S. Securities
and Exchange Commission is available for free at:

                       https://is.gd/tgiaWs

                   About POET Technologies

POET Technologies -- http://www.poet-technologies.com/-- is a
design and development company offering integration solutions based
on the POET Optical Interposer, a novel platform that allows the
seamless integration of electronic and photonic devices into a
single multi-chip module using advanced wafer-level semiconductor
manufacturing techniques and packaging methods.  POET's Optical
Interposer eliminates costly components and labor-intensive
assembly, alignment, burn-in and testing methods employed in
conventional photonics.  The cost-efficient integration scheme and
scalability of the POET Optical Interposer brings value to any
device or system that integrates electronics and photonics,
including some of the highest growth areas of computing, such as
Artificial Intelligence (AI), the Internet of Things (IoT),
autonomous vehicles and high-speed networking for cloud service
providers and data centers.  POET is headquartered in Toronto, with
operations Allentown, PA and Singapore.


POLYCONCEPT NORTH: Bank Debt Trades at 22% Discount
---------------------------------------------------
Participations in a syndicated loan under which Polyconcept North
America Holdings Inc is a borrower were trading in the secondary
market around 78 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD662 million term loan is scheduled to mature on August 16,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



POLYMER ADDITIVES: Bank Debt Trades at 42% Discount
---------------------------------------------------
Participations in a syndicated loan under which Polymer Additives
Inc is a borrower were trading in the secondary market around 58
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD405 million term loan is scheduled to mature on July 31,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


PORTILLO'S HOLDINGS: Bank Debt Trades at 22% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Portillo's Holdings
LLC is a borrower were trading in the secondary market around 78
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD332 million term loan is scheduled to mature on December 6,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



PRECISION GLOBAL: Bank Debt Trades at 20% Discount
--------------------------------------------------
Participations in a syndicated loan under which Precision Global
Corp is a borrower were trading in the secondary market around 80
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD155 million term loan is scheduled to mature on August 8,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



PREFERREDPLUS TRUST: S&P Lowers Series CZN-1 Certs Rating to 'D'
----------------------------------------------------------------
S&P Global Ratings lowered its rating on PreferredPLUS Trust Series
CZN-1's preferred plus 8.375% trust certificates due Oct. 1, 2046,
to 'D' from 'CCC-'.

S&P's rating on the certificates depends solely on its rating on
the underlying security, Frontier Communications Corp.'s 7.05%
senior debentures due Oct. 1, 2046 ('D').

The downgrade reflects the April 15, 2020, lowering of S&P's
long-term rating on the underlying security to 'D' from 'CCC-'

S&P may take subsequent rating actions on the certificates due to
the changes in its rating assigned to the underlying security.


PROJECT ACCELERATE: Bank Debt Trades at 23% Discount
----------------------------------------------------
Participations in a syndicated loan under which Project Accelerate
Parent LLC is a borrower were trading in the secondary market
around 77 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD375 million term loan is scheduled to mature on January 2,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



PSC INDUSTRIAL: Bank Debt Trades at 23% Discount
------------------------------------------------
Participations in a syndicated loan under which PSC Industrial
Outsourcing LP is a borrower were trading in the secondary market
around 77 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD110 million term loan is scheduled to mature on October 5,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


PSS INDUSTRIAL: Bank Debt Trades at 20% Discount
------------------------------------------------
Participations in a syndicated loan under which PSS Industrial
Group Corp is a borrower were trading in the secondary market
around 80 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD300 million term loan is scheduled to mature on April 10,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


QUEST SOFTWARE: Bank Debt Trades at 24% Discount
------------------------------------------------
Participations in a syndicated loan under which Quest Software US
Holdings Inc is a borrower were trading in the secondary market
around 77 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD330 million term loan is scheduled to mature on May 18,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



QUIDDITCH ACQUISITION: Bank Debt Trades at 20% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Quidditch
Acquisition Inc is a borrower were trading in the secondary market
around 80 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD204 million term loan is scheduled to mature on March 21,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



REALD INC: Bank Debt Trades at 43% Discount
-------------------------------------------
Participations in a syndicated loan under which RealD Inc is a
borrower were trading in the secondary market around 57
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD260 million term loan is scheduled to mature on November 30,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


REALD INC: Bank Debt Trades at 73% Discount
-------------------------------------------
Participations in a syndicated loan under which RealD Inc is a
borrower were trading in the secondary market around 27
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD60 million term loan is scheduled to mature on November 30,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


RESEARCH NOW: Bank Debt Trades at 20% Discount
----------------------------------------------
Participations in a syndicated loan under which Research Now Group
Inc is a borrower were trading in the secondary market around 80
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD250 million term loan is scheduled to mature on December 20,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


REVLON CONSUMER: Bank Debt Trades at 49% Discount
-------------------------------------------------
Participations in a syndicated loan under which Revlon Consumer
Products Corp is a borrower were trading in the secondary market
around 51 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD200 million term loan is scheduled to mature on August 6,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


RGIS SERVICES: Bank Debt Trades at 39% Discount
-----------------------------------------------
Participations in a syndicated loan under which RGIS Services LLC
is a borrower were trading in the secondary market around 61
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD460 million term loan is scheduled to mature on March 31,
2023.  As of April 24, 2020, USD446 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


ROAN HOLDINGS: Delays Filing of Annual Report Over COVID-19
-----------------------------------------------------------
Roan Holdings Group Co., Ltd. said in a Form 6-K filed with the
Securities and Exchange Commission that it will be relying on the
order issued by the SEC on March 25, 2020 providing conditional
relief to public companies that are unable to timely comply with
their filing obligations as a result of the novel coronavirus
(COVID-19) outbreak (Release No. 34-88465) to delay the filing of
its Annual Report on Form 20-F for the year ended Dec. 31, 2019 due
to circumstances related to COVID-19.

As a result of the outbreak and spread of COVID-19, and government
and business continuity measures adopted in response thereto, the
Company closed its offices or had limited business operations from
the Chinese New Year holiday until early March 2020.  In addition,
the Company said, COVID-19 has caused severe disruptions in
transportation, limited access to its facilities and limited
support from workforce employed in its operations.  As a result,
the Company may experience delays in the provision of financial
guarantee services and consulting services for its customers.  This
has hampered the ability of the Company to complete its financial
statements and prepare the Annual Report in time to be filed by the
original due date of April 30, 2020.  The Company expects, in
reliance on the Order, to file the Annual Report with the SEC no
later than June 14, 2020.

The COVID-19 outbreak affected the Company's operations and
financial results during the first quarter of 2020.  While the
impact of COVID-19 outbreak on the Company's performance for the
year remains to be seen, the Company expects it to have a material
impact on its operations and financial results for fiscal 2020.

The Company will include in its risk factors for the Annual Report
on Form 20-F for the year ended Dec. 31, 2019 the following new
risk factors specific to COVID-19:

"Public health epidemics or outbreaks such as COVID-19 could
adversely impact our business.

"Our business, financial condition and results of operations may be
negatively impacted by risks related to natural disasters, extreme
weather conditions, health epidemics and other catastrophic
incidents, such as the COVID-19 outbreak and spread, which could
significantly disrupt our operations.  In December 2019, a novel
strain of coronavirus (COVID-19) emerged in Wuhan, Hubei Province,
China.  The COVID-19 outbreak and spread has caused lockdowns,
quarantines, travel restrictions, and closures of businesses and
schools.  Due to the COVID-19 outbreak, our facilities remained
closed or had limited business operations after the Chinese New
Year holiday until early March 2020.  In addition, COVID-19 has
caused severe disruptions in transportation, limited access to our
facilities and limited support from workforce employed in our
operations, and as a result, we may experience the delays in
provision of financial guarantee services and consulting services
to our customers. Although we have taken all possible measures to
overcome the adverse impact derived from the COVID-19 outbreak and
have resumed our normal business activities in early March 2020, it
is estimated that a lower amount of revenue and profit during the
period from February to April 2020.  The extent to which the
coronavirus impacts our results for fiscal year 2020 will depend on
certain future developments, including the duration and spread of
the outbreak, emerging information concerning the severity of the
coronavirus and the actions taken by governments and private
businesses to attempt to contain the coronavirus, all of which is
uncertain at this point."

                       About Roan Holdings

Founded in 2009, Roan (formerly known as China Lending) is a
non-bank financial corporation and provides comprehensive financial
services to micro-, small- and medium-sized enterprises, and
individuals.  Roan is engaged in asset management, supplier chain
financing, and business factoring. Roan has moved its headquarter
from Urumqi, the capital of Xinjiang Autonomous Region, to
Hangzhou, the capital of Zhejiang province.

China Lending reported a net loss US$94.13 million for the year
ended Dec. 31, 2018, compared to a net loss of US$54.78 million for
the year ended Dec. 31, 2017.  As of June 30, 2019, the Company had
US$55.40 million in total assets, US$108.26 million in total
liabilities, $9.99 million in convertible redeemable Class A
preferred shares, and a total deficit of $62.85 million.

Friedman LLP, in New York, the Company's auditor since 2017, issued
a "going concern" qualification in its report dated April 26, 2019,
on the Company's consolidated financial statements for the year
ended Dec. 31, 2018, citing that the Company has incurred
significant losses and is uncertain about the collection of its
loans receivables and extension of defaulted loans.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


ROBERTSHAW US: Bank Debt Trades at 22% Discount
-----------------------------------------------
Participations in a syndicated loan under which Robertshaw US
Holding Corp is a borrower were trading in the secondary market
around 79 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD110 million term loan is scheduled to mature on February 28,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


RODAN & FIELDS: Bank Debt Trades at 50% Discount
------------------------------------------------
Participations in a syndicated loan under which Rodan & Fields LLC
is a borrower were trading in the secondary market around 50
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD600 million term loan is scheduled to mature on June 7,
2025.  As of April 24, 2020, USD590 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



RUSSEL METALS: Moody's Cuts CFR to Ba3 & Alters Outlook to Neg.
---------------------------------------------------------------
Moody's Investors Service downgraded Russel Metals, Inc.'s
corporate family rating to Ba3 from Ba2, its probability of default
rating to Ba3-PD from Ba2-PD and its senior unsecured rating to B1
from Ba3 and its speculative grade liquidity rating to SGL-3 from
SGL-2. The ratings outlook was changed to negative from stable.

"The downgrade of Russel's ratings reflects its expectation of much
weaker performance over the next several years due to COVID-19, the
related oil price decline and Russel's concentration in the oil &
gas industry," said Jamie Koutsoukis, Moody's analyst.

The rapid and widening spread of the coronavirus outbreak,
deteriorating global economic outlook, falling oil prices, and
asset price declines are creating a severe and extensive credit
shock across many sectors, regions and markets. The combined credit
effects of these developments are unprecedented. Moody's regards
the coronavirus outbreak as a social risk under its ESG framework,
given the substantial implications for public health and safety.
Its action reflects the impact on Russel from the breadth and
severity of the coronavirus shock, and the deterioration in credit
quality it has triggered.

Downgrades:

Issuer: Russel Metals, Inc.

Corporate Family Rating, Downgraded to Ba3 from Ba2

Probability of Default Rating, Downgraded to Ba3-PD from Ba2-PD

Speculative Grade Liquidity Rating, Downgraded to SGL-3 from SGL-2

Senior Unsecured Regular Bond/Debenture, Downgraded to B1 (LGD4)
from Ba3 (LGD4)

Outlook Actions:

Issuer: Russel Metals, Inc.

Outlook, Changed To Negative From Stable

RATINGS RATIONALE

Russel's credit profile (Ba3 corporate family rating) benefits from
its 1) a solid market position in the Canadian metal service center
industry and the diversity benefits of its US operations, 2)
moderate leverage (3x at Q4/19) and 3) counter-cyclical working
capital that enhances liquidity in down markets. It is however
constrained by 1) low profit margins (4% operating margin in 2019),
2) inconsistent free cash flow and 3) a high dividend payout ratio.
In addition, the rating incorporates Russel's material exposure to
the highly cyclical oil & gas sector and to steel price volatility,
both of which have caused high variability in its operating results
and credit metrics.

Russel produced weaker operating results in 2019, caused by a
decline in carbon steel and energy tubular prices and as a result,
Russel's adjusted EBITDA declined by about 55% to $153 million in
2019 versus $336 million in 2018. Moody's expects Russel's
operating results to continue to deteriorate in 2020 as mandated
shelter-in-place regulation has slowed construction activity,
reduced manufacturing activity, and the severe drop in oil prices
has significantly weakened demand and lowered prices for oil
country tubular goods (OCTG) and Russel's other energy focused
products.

Russel is exposed to carbon transition risks due to its reliance on
the oil & gas sector. Efforts by many nations to mitigate the
impacts of climate change through tax and regulatory policies that
are intended to shift global demand towards other sources of energy
or conservation are an emerging threat to oil and gas companies'
profitability, cash flow and capital spending. Any reduction in
capital spending by the oil & gas sector will negatively impact
Russel.

Russel has adequate liquidity over the next year (SGL-3), with
about CAD375 million of available liquidity sources versus Moody's
estimate of about CAD30 million of free cash flow usage through
2020 and minimal debt maturities. At year-end 2019 Russel had
available cash of CAD16 million, and CAD360 million of availability
on its revolving credit facility (matures September 2021). The
credit facility consists of CAD400 million under Tranche I to be
utilized for borrowings and letters of credit and CAD50 million
under Tranche II to be utilized only for letters of credit. The
borrowings and letters of credit are available up to an amount
equal to the sum of specified percentages of the company's eligible
accounts receivable and inventories, to a maximum of CAD450
million. Russel has financial covenants associated with its credit
facility, including a fixed charge coverage ratio of 1x, which
Moody's believes the company may breach because of the material
deterioration of EBITDA expected in 2020. Russel has term debt of
CAD300 million due in April 2022 and CAD150 million due in March
2026.

The negative outlook reflects the risk of a protracted downturn,
especially in the oil & gas sector, which would result in Russel's
credit metrics remaining weak for the rating for an extended period
of time.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Russel's ratings could be upgraded should there be a recovery in
its end markets, adjusted debt to EBITDA is sustained below 4.0x
(3.1x at Q4/19), EBITA interest coverage is maintained above 3x
(3.7x at Q4/19) and operating margins move back above 5% (4% in
2019).

Negative rating pressure could develop if the company's leverage
ratio is expected to be maintained near 5.0x (3.1x at Q4/19), its
interest coverage declines below 3.0x (3.7x at Q4/19) or operating
margins remain below 3% (4% in 2019). A weakening of the company's
credit profile, or sustained negative free cash generation
(especially at the expense of maintaining its dividend) could also
result in a downgrade.

Russel Metals, Inc. headquartered in Mississauga, Ontario, is a
leading North American metal distributor. The company runs
segments: (1) Metal Service Centers (~50% of revenues) (2) Energy
Products (~40%), and (3) Steel Distributors (~10%). Revenues in
2019 were CAD3.7 billion.

The principal methodology used in these ratings was Distribution &
Supply Chain Services Industry published in June 2018.


S2P ACQUISITION: Bank Debt Trades at 19% Discount
-------------------------------------------------
Participations in a syndicated loan under which S2P Acquisition
Borrower Inc is a borrower were trading in the secondary market
around 81 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD205 million term loan is scheduled to mature on August 14,
2027.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


SALIENT CRGT: Bank Debt Trades at 19% Discount
-----------------------------------------------
Participations in a syndicated loan under which Salient CRGT Inc is
a borrower were trading in the secondary market around 81
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD420 million term loan is scheduled to mature on February 28,
2022.  As of April 24, 2020, USD389 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


SALLY HOLDINGS: Bank Debt Trades at 20% Discount
-------------------------------------------------
Participations in a syndicated loan under which Sally Holdings LLC
is a borrower were trading in the secondary market around 80
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD549 million term loan is scheduled to mature on July 5,
2024.  As of April 24, 2020, USD423 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


SANDY CREEK: Bank Debt Trades at 27% Discount
---------------------------------------------
Participations in a syndicated loan under which Sandy Creek Energy
Associates LP is a borrower were trading in the secondary market
around 73 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD1,025 million term loan is scheduled to mature on November
8, 2020.  As of April 24, 2020, USD875 million from the loan
remains outstanding.

The Company's country of domicile is U.S.



SECURUS TECHNOLOGIES: Bank Debt Trades at 18% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Securus
Technologies Holdings LLC is a borrower were trading in the
secondary market around 82 cents-on-the-dollar during the week
ended Fri., April 24, 2020, according to Bloomberg's Evaluated
Pricing service data.

The $1.017 billion term loan is scheduled to mature on November 1,
2024.  As of April 24, 2020, $1.006 billion from the loan remains
outstanding.

The Company's country of domicile is U.S.


SECURUS TECHNOLOGIES: Bank Debt Trades at 47% Discount
------------------------------------------------------
Participations in a syndicated loan under which Securus
Technologies Holdings LLC is a borrower were trading in the
secondary market around 53 cents-on-the-dollar during the week
ended Fri., April 24, 2020, according to Bloomberg's Evaluated
Pricing service data.

The USD283 million term loan is scheduled to mature on November 1,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


SERTA SIMMONS: Bank Debt Trades at 76% Discount
------------------------------------------------
Participations in a syndicated loan under which Serta Simmons
Bedding LLC is a borrower were trading in the secondary market
around 24 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD450 million term loan is scheduled to mature on November 8,
2024.  As of April 24, 2020, USD422 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


SHERIDAN INVESTMENT I: Bank Debt Trades at 68% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Sheridan Investment
Partners I LLC is a borrower were trading in the secondary market
around 32 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD732 million term loan is scheduled to mature on October 1,
2019.  As of April 24, 2020, USD466 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



SHERIDAN PRODUCTION II-A: Bank Debt Trades at 74% Discount
----------------------------------------------------------
Participations in a syndicated loan under which Sheridan Production
Partners II-A LP is a borrower were trading in the secondary market
around 26 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD93 million term loan is scheduled to mature on December 16,
2020.  As of April 24, 2020, USD63 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


SHIFT4 PAYMENTS: Bank Debt Trades at 21% Discount
-------------------------------------------------
Participations in a syndicated loan under which Shift4 Payments LLC
is a borrower were trading in the secondary market around 79
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD130 million term loan is scheduled to mature on November 30,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


SHO HOLDING: Bank Debt Trades at 21% Discount
---------------------------------------------
Participations in a syndicated loan under which SHO Holding I Corp
is a borrower were trading in the secondary market around 79
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD258 million term loan is scheduled to mature on October 27,
2022.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


SIMKAR LLC: Transfer of Simkar Estate to Neo Lights Unwarranted
---------------------------------------------------------------
Sandeep Gupta, chapter 11 trustee of Neo Lights Holding, Inc., a
debtor affiliate of Simkar LLC, filed the Disclosure Statement for
Second Modified Plan of Liquidation for Debtor Neo Lights dated
April 10, 2020.

The Bankruptcy Court has reviewed and conditionally approved the
Disclosure Statement and scheduled the combined hearing for April
13, 2020, at 10:00 a.m. (prevailing Eastern Time).

The Trustee, who also serves as the Court-appointed Chapter 11
trustee of Simkar has, in such capacity, investigated the transfer
of the Property from Simkar to the Debtor and has determined that
an action on behalf of the Simkar estate to void the transfer is
unwarranted.

A full-text copy of the Trustee's Disclosure Statement and Modified
Plan for NEO Lights dated April 10, 2020, is available at
https://tinyurl.com/u8369fn from PacerMonitor at no charge.

Counsel for Sandeep Gupta:

        REED SMITH LLP
        Christopher A. Lynch
        599 Lexington Avenue
        New York, NY 10022-7650
        Telephone: (212) 521-5400
        Facsimile: (212) 521-5450
        E-mail:clynch@reedsmith.com

              - and -

        Claudia Springer
        Three Logan Square
        1717 Arch Street, Suite 3100
        Philadelphia, PA 19103
        Telephone: (215) 851-8100
        Facsimile: (215) 851-1420
        E-mail: cspringer@reedsmith.com

                       About Simkar, LLC

Based in Tarrytown, New York, SIMKAR LLC -- http://www.simkar.com/
-- is an internationally known designer, developer, and
manufacturer of lighting products. Since 1952, the Company has
provided a diverse selection of high-quality LED lighting fixtures,
along with other technologies to contractors, specifiers, and other
strategic partners. The Company designs and manufactures lighting
fixtures at its 283,500 square foot manufacturing facility in
Philadelphia, PA.

Neo Lights Holdings, Inc. -- http://neolightsholdings.com/-- is a
renewable energy technology company and global developer and
manufacturer of LED technologies, smart sensors and networking
systems, with innovative approaches to off-grid and on grid
emergency management networked solutions for commercial, domestic,
international, and government markets.

SIMKAR LLC filed a voluntary Chapter 11 petition (Bankr. S.D.N.Y.
Case No. 19-22576) on March 6, 2019. At the time of filing, the
Debtor had estimated assets and estimated liabilities of $10
million to $50 million.  

Neo Lights sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
19-22589) on March 8, 2019, estimating $1 million to $10 million in
assets and liabilities.

The petitions were signed by Alfred Heyer, Neo Lights Holdings
Inc., president of managing member.

The Debtors' counsel is H. Bruce Bronson, Jr., Esq., in Harrison,
New York.


SIRVA WORLDWIDE: Bank Debt Trades at 23% Discount
-------------------------------------------------
Participations in a syndicated loan under which SIRVA Worldwide Inc
is a borrower were trading in the secondary market around 77
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD115 million term loan is scheduled to mature on August 2,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


SIRVA WORLDWIDE: Bank Debt Trades at 30% Discount
--------------------------------------------------
Participations in a syndicated loan under which SIRVA Worldwide Inc
is a borrower were trading in the secondary market around 70
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD435 million term loan is scheduled to mature on August 2,
2025.  As of April 24, 2020, USD419 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



SMB SHIPPING: Bank Debt Trades at 18% Discount
----------------------------------------------
Participations in a syndicated loan under which SMB Shipping
Logistics LLC is a borrower were trading in the secondary market
around 82 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD549 million term loan is scheduled to mature on February 3,
2024.  As of April 24, 2020, USD544 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


SMG US: Bank Debt Trades at 23% Discount
----------------------------------------
Participations in a syndicated loan under which SMG US Midco 2 Inc
is a borrower were trading in the secondary market around 77
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD598 million term loan is scheduled to mature on January 23,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



SMI ACQUISITION: Bank Debt Trades at 47% Discount
-------------------------------------------------
Participations in a syndicated loan under which SMI Acquisition Inc
is a borrower were trading in the secondary market around 53
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD235 million term loan is scheduled to mature on November 1,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


SOLARAY LLC: Bank Debt Trades at 21% Discount
---------------------------------------------
Participations in a syndicated loan under which Solaray LLC is a
borrower were trading in the secondary market around 79
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD272 million term loan is scheduled to mature on September
22, 2023.  As of April 24, 2020, the full amount has been drawn and
is outstanding.

The Company's country of domicile is U.S.



SOLENIS INTERNATIONAL: Bank Debt Trades at 21% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Solenis
International LLC is a borrower were trading in the secondary
market around 79 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD400 million term loan is scheduled to mature on June 26,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


SONICWALL US: Bank Debt Trades at 20% Discount
----------------------------------------------
Participations in a syndicated loan under which Sonicwall US
Holdings Inc is a borrower were trading in the secondary market
around 80 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD175 million term loan is scheduled to mature on May 18,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


SOUTHERN GRAPHICS: Bank Debt Trades at 46% Discount
---------------------------------------------------
Participations in a syndicated loan under which Southern Graphics
Inc is a borrower were trading in the secondary market around 54
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD574 million term loan is scheduled to mature on December 31,
2022.  As of April 24, 2020, USD562 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


SOUTHERN WATER: Bank Debt Trades at 18% Discount
------------------------------------------------
Participations in a syndicated loan under which Southern Water
Greensands Financing PLC is a borrower were trading in the
secondary market around 82 cents-on-the-dollar during the week
ended Fri., April 24, 2020, according to Bloomberg's Evaluated
Pricing service data.

The GBP75 million term loan is scheduled to mature on April 15,
2025.  As of April 24, 2020, GBP73 million from the loan remains
outstanding.

The Company's country of domicile is Great Britain.


SP PF: Bank Debt Trades at 23% Discount
---------------------------------------
Participations in a syndicated loan under which SP PF Buyer LLC is
a borrower were trading in the secondary market around 77
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD439 million term loan is scheduled to mature on December 21,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


SPECTRUM HOLDINGS: Bank Debt Trades at 34% Discount
---------------------------------------------------
Participations in a syndicated loan under which Spectrum Holdings
III Corp is a borrower were trading in the secondary market around
66 cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD175 million term loan is scheduled to mature on January 31,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


SPRING EDUCATION: Bank Debt Trades at 21% Discount
--------------------------------------------------
Participations in a syndicated loan under which Spring Education
Group Inc is a borrower were trading in the secondary market around
79 cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD641 million term loan is scheduled to mature on July 30,
2025.  As of April 24, 2020, USD635 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



STAROKONSTANTINOVSKIY MOLOCHNIY: Bank Debt Trades at 24% Discount
-----------------------------------------------------------------
Participations in a syndicated loan under which
Starokonstantinovskiy Molochniy Zavod SC is a borrower were trading
in the secondary market around 76 cents-on-the-dollar during the
week ended Fri., April 24, 2020, according to Bloomberg's Evaluated
Pricing service data.

The EUR3 million term loan is scheduled to mature on November 30,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


STIPHOUT FINANCE: Bank Debt Trades at 41% Discount
--------------------------------------------------
Participations in a syndicated loan under which Stiphout Finance
LLC is a borrower were trading in the secondary market around 59
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD36 million term loan is scheduled to mature on October 26,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


STS OPERATING: Bank Debt Trades at 19% Discount
-----------------------------------------------
Participations in a syndicated loan under which STS Operating Inc
is a borrower were trading in the secondary market around 81
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD700 million term loan is scheduled to mature on December 11,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


STV GROUP: S&P Alters Outlook to Negative, Affirms 'B+' ICR
-----------------------------------------------------------
S&P Global Ratings affirmed its 'B+' issuer credit rating on STV
Group Inc. and revised its outlook to negative from stable. In
addition, S&P affirmed the 'B+' issue-level rating on the company's
credit facility.

STV could experience delays in some of its field work or customer
delays due to site closures because of the COVID-19 pandemic and a
U.S. recession, however a growing backlog provides revenue
visibility.   

"We assume any field work stoppages will resume once stay-in-place
orders are lifted. We believe the company's productivity remains
high due to remote working technologies. While the company has some
private sector clients, most of its strong and growing backlog is
comprised of public sector contracts, which we believe will provide
some stability due to state, local, and government budgets in place
to rehabilitate aging U.S. infrastructure. We do not assume any
material cancellations from the company's project backlog.
Additionally, we assume EBITDA margins will remain relatively
stable given the company's variable cost structure," S&P said.

The negative outlook on STV reflects the risk of elevated debt
leverage, depending on the impact to STV of an economic recession
in the U.S.

"We could lower our rating on STV during the next 12 months if
adjusted debt to EBITDA remains above 5x in fiscal 2021 or if free
operating cash flow (FOCF) declines below 5%. This could occur if
markets deteriorate further, causing material work delays or
cancelations in the next 12 months," S&P said.

"We could revise our outlook to stable in the next 12 months if we
believe adjusted debt to EBITDA will remain below 5x or if FOCF to
adjusted debt remains above 5% on a sustained basis. This could
occur if market conditions improve, reducing downside risk," S&P
said.


SUNDANCE ENERGY: Bank Debt Trades at 16% Discount
-------------------------------------------------
Participations in a syndicated loan under which Sundance Energy
Australia Ltd is a borrower were trading in the secondary market
around 84 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD250 million term loan is scheduled to mature on April 26,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


SUNGARD AS: Bank Debt Trades at 16% Discount
--------------------------------------------
Participations in a syndicated loan under which Sungard AS New
Holdings III LLC is a borrower were trading in the secondary market
around 84 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD100 million delay-draw pik term loan is scheduled to mature
on February 3, 2022.  As of April 24, 2020, the full amount has
been drawn and is outstanding.

The Company's country of domicile is U.S.


SUNGARD AS: Bank Debt Trades at 69% Discount
--------------------------------------------
Participations in a syndicated loan under which Sungard AS New
Holdings III LLC is a borrower were trading in the secondary market
around 31 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD300 million pik term loan is scheduled to mature on November
3, 2022.  As of April 24, 2020, the full amount has been drawn and
is outstanding.

The Company's country of domicile is U.S.


SUNOCO LP: Fitch Alters Outlook on 'BB' LT IDR to Negative
----------------------------------------------------------
Fitch Ratings has affirmed Sunoco LP's Long-Term Issuer Default
Rating at 'BB'. Additionally, Fitch has affirmed SUN's and Sunoco
Finance Corp.'s senior unsecured rating at 'BB'/'RR4'. Sunoco
Finance Corp. is a co-issuer on SUN's senior unsecured bonds. Fitch
has also affirmed SUN's senior secured revolver at 'BB+'/'RR1.' The
Rating Outlook is revised to Negative from Stable.

The Negative Outlook reflects the collapse of motor fuel demand
brought about by the coronavirus pandemic and ensuing economic
shutdowns, as well as possible trends that may linger into the
middle or end of 2021. Fitch expects performance will fall in the
near term, with peak stress levels occurring in 2Q20 as states and
cities remain largely shut down to help combat the spread of the
coronavirus. There is a significant amount of uncertainty as to how
much demand returns during the initial stages of reopening and when
it will return to pre-coronavirus levels. Lower demand levels are
expected to cause leverage to go above Fitch's negative rating
sensitivity of 5.0x at YE 2020.

Fitch's near-term expectations rely in part on a historical linkage
between falling gasoline prices and higher unit margins. The Fitch
2021 WTI crude oil assumption, which is relevant for gasoline, is
$42 per barrel. The Negative Outlook reflects potential trends,
some of which may be ordered by elected officials, that pair lower
volumes in 2021 compared to 2019 (which is expected) with a degree
of margin compression.

KEY RATING DRIVERS

Demand Uncertainty: SUN's wholesale fuel sales, while supported in
part by a long-term (15-year) fixed-rate contract with 7-Eleven,
Inc. (7/11), are highly sensitive to demand fluctuations in the
regions where it operates. The outlook for U.S. gasoline demand has
shifted dramatically as cities and states have imposed stay at home
orders to help combat the spread of the coronavirus. Fitch expects
that low demand levels will cause leverage to go above Fitch's
negative rating sensitivity of 5.0x at YE 2020. Demand is expected
to rebound as economies re-open and the health crisis abates;
however, what demand will be during the initial stages of reopening
is uncertain as is when it will return to pre-coronavirus levels.

Cash Flow Conservation: SUN's credit profile benefits from a stable
liquidity position, lack of near-term maturities and measures taken
to preserve cash flow as it confronts the current crisis. The
partnership announced its intention to cut 2020 growth and
maintenance capex spending by 42% and 33% respectively, as well as
other cost-cutting measures, in an effort retain cash flow to
better weather the near-term demand declines. The partnership has
no maturities until 2023 and can use its retained cash flow and
other available liquidity sources to cover its working capital
needs. Additionally, the partnership is expected to benefit from a
boost to its margins in the near term, which will somewhat cushion
the cash flow impact of lower volume levels.

Elevated Leverage: Fitch expects that SUN will have leverage higher
than 5.0x at the end of 2020, as it faces the near-term demand drop
from the coronavirus pandemic. SUN's wholesale fuel sales are
highly sensitive to fluctuations in demand. Total earnings and cash
flow are expected to weaken in the near term as demand craters and
remains below historical averages. Performance should rebound from
the highly stressed near-term levels as economies re-open and cash
flow stabilizes, but the recovery timeline is uncertain. Management
has publicly stated leverage (net debt/adjusted EBITDA) and
distribution coverage targets of 4.5x to 4.75x and 1.2x,
respectively. These targets should guide the company back to levels
that are consistent with Fitch's expectations for 'BB' category
midstream issuers with limited business line diversification and
some geographic concentration upon emergence from the crisis.

Margin Stability: As part of the sale of its retail franchise in
2018, SUN entered into a 15-year take-or-pay fuel supply agreement
with 7/11 (NR) and SEI Fuel Services, Inc. (NR), a wholly owned
subsidiary of 7/11, under which SUN will supply approximately 2.2
billion gallons of fuel annually. This supply agreement has
guaranteed annual payments to SUN and provides that 7/11 will
continue to use the Sunoco brand at currently branded Sunoco stores
and includes committed growth in future periods. The agreement
provides an added measure of stability to SUN's earnings by
somewhat insulating it from the full cash flow impact of demand
fluctuations. Wholesale revenues from SUN's other distributor,
dealer, and commercial channel sales are highly sensitive to volume
demand changes but should maintain stable margin generation through
the volume swings and as conditions normalize.

Highly Fragmented, Competitive Sector: Concerns for SUN include
high levels of competition within the wholesale motor fuel
distribution sector, which is highly fragmented. SUN's ability to
drive growth after a recovery will depend largely on its ability to
acquire wholesale customers organically or grow through
acquisitions, which has the potential to weigh on balance sheet
metrics, depending on how growth is financed. Fitch believes that
management's leverage and distribution coverage targets indicate a
willingness to prudently manage growth and distribution policy
while maintaining reasonable credit metrics. SUN's ability to
control operating expenses and drive growth will be key performance
indicators moving forward.

Sponsor Relationship: SUN's ratings reflect its stand-alone credit
profile with no express linkage to its parent company. However,
SUN's ratings consider its relationship with its sponsor and the
owner of its general partner, Energy Transfer Operating, L.P.
(BBB-/Stable) as generally favorable. SUN is part of the Energy
Transfer family of partnerships. Energy Transfer Operating, L.P.
owns, directly or indirectly, 100% of SUN's incentive distribution
rights, the non-economic general partner interest in SUN, and a
significant amount of SUN's outstanding limited partnership units.
Fitch believes SUN's affiliation with its sponsor generally
provides modest benefits, particularly in providing an option for
financing like SUN's March 2017 preferred equity offering or a
potential lever for retaining near-term cash through distribution
waivers provided by its sponsor or affiliate partnerships. However,
no waivers have been announced or are expected in Fitch's base case
forecast. These benefits are not typically available to stand-alone
partnerships, and Fitch believes the affiliation with its sponsor
ultimately helps lessen event, financing, and operating risks.
Energy Transfer and other publicly traded partnerships have
recently made moves to simplify their structures and eliminate
incentive distribution payments. SUN has no current plans to
eliminate its incentive distribution payments.

ESG Considerations: SUN has a relevance score of '4' for Group
Structure as a result of significant related party transactions and
ownership concentration arising from SUN's GP and incentive
distribution rights ownership by Energy Transfer. This has a
negative impact on the credit profile and is relevant to the rating
in conjunction with other factors.

DERIVATION SUMMARY

SUN's primary focus on wholesale motor fuel distribution and
logistics is unique relative to Fitch's other midstream energy
coverage. Wholesale fuel distribution is a highly fragmented market
with low operating margins and largely dependent on motor fuel
demand, which can be cyclical and seasonal. Sunoco LP's leverage is
expected to rise as it grapples with the demand loss brought about
by the coronavirus pandemic. Fitch now expects that SUN will have
higher than 5.0x leverage at the end of 2020 but is expected to
normalize as economies re-open and demand returns. Fitch expects
SUN's leverage to fall back in line with other seasonally or
cyclically exposed midstream energy companies as conditions
normalize. SUN's leverage is also expected to be in line with or
better than 'BB' rated AmeriGas Partners, LP (APU, BB/Stable),
although retail propane demand tends to be more seasonally affected
(and weather affected) than motor fuel demand. APU's outstanding
common equity units were bought by its parent company, UGI Corp, in
2019. SUN's size and scale are expected to be consistent with,
though slightly larger than, Fitch's view on 'BB' rated master
limited partnerships, which tend to have EBITDA of roughly $500
million per year and a narrow business focus, such as SUN's focus
on wholesale motor fuel distribution.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within its Rating Case for the Issuer

  -- Volumes bottom in 2Q20 and recover steadily through the end of
the year and into 2021.

  -- Revolver borrowings and conserved cash flow used to fund
capital needs.

  -- Distributions held at current levels throughout forecast.

  -- Key contracts are not amended.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

  -- Fitch would look to stabilize the Outlook if leverage was
expected to be below 5.0x.

  -- Leverage (debt/EBITDA) sustained at or below 4.5x on a
sustained basis with distribution coverage sustained above 1.1x.

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

  -- Distribution coverage ratio below 1.0x, combined with leverage
ratios above 5.0x on a sustained basis could result in negative
rating action.

  -- EBIT margin at or below 1.5% on a sustained basis could lead
to a negative ratings action.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Non-Financial Corporate
issuers have a best-case rating upgrade scenario (defined as the
99th percentile of rating transitions, measured in a positive
direction) of three notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of four notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are
based on historical performance.

LIQUIDITY AND DEBT STRUCTURE

Liquidity Adequate: As of Dec. 31, 2019, SUN had $21 million in
cash and $1.3 billion in availability under its revolving credit
agreement. On March 20, 2020, the partnership announced steps to
bolster its retained cash flow and further strengthen its liquidity
to help it weather the demand shock brought on by the coronavirus
pandemic. SUN announced an approximately 42% cut to its growth
capex and 33% reduction to its maintenance capex in addition to
other general cost-cutting measures. SUN has no maturities until
2023, and the retained cash flow will help cover working capital
needs.

The revolving credit agreement requires the company to maintain a
net leverage ratio below 5.5x and an interest coverage ratio above
2.25x. The agreement allows for a maximum leverage ratio of 6.0x
during a specified acquisition period. As of Dec. 31, 2019, SUN was
in compliance with its covenants, and Fitch believes that SUN will
remain in compliance with its covenants. The revolver is secured by
a security interest in, among other things, of all SUN's present
and future personal property and all present and future personal
property of its guarantors, the capital stock of its material
subsidiaries (or 66% of the capital stock of material foreign
subsidiaries), and any intercompany debt.

SUMMARY OF FINANCIAL ADJUSTMENTS

Fitch applies an 8.0x multiple to operating leases.

REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF
RATING

The principal sources of information used in the analysis are
described in the Applicable Criteria.

ESG CONSIDERATIONS

Unless otherwise disclosed in this section, the highest level of
Environmental, Social and Governance credit relevance is a score of
'3' — ESG issues are credit neutral or have only a minimal credit
impact on the entity, either due to their nature or the way in
which they are being managed by the entity.

The '4' GST exposure is a result of a complex group structure with
significant related party transactions and ownership concentration
arising from SUN's GP and incentive distribution rights ownership
by Energy Transfer. Fitch generally views these factors as having a
negative impact to SUN's credit profile as the incentive
distribution rights can raise a master limited partnership issuer's
equity cost of capital and make it more reliant on debt financing
in pursuit of growth spending and acquisitions.


SUPERIOR ENERGY: Delays Filing of Reports Amid COVID-19 Pandemic
----------------------------------------------------------------
Superior Energy Services, Inc. was unable to file its (i) amendment
to the Company's Form 10-K for the year ended Dec. 31, 2019 by the
original deadline of April 30, 2020 to include certain information
that will be provided in the Company's annual report to security
holders for the year ended Dec. 31, 2019 and (ii) Quarterly Report
on Form 10-Q for the quarter ended March 31, 2020 by the original
deadline of May 11, 2020 due to the outbreak of, and local, state
and federal governmental responses to, the novel coronavirus
pandemic.  The Company's operations have experienced disruptions
due to the circumstances surrounding the COVID-19 pandemic
including, but not limited to, suggested and mandated social
distancing and stay home orders.  These mandates and the resulting
office closures and staff reductions have severely limited access
to the Company's facilities by the Company's financial reporting
and accounting staff as well as other advisors involved in the
preparation of the Amendment and the Quarterly Report and impacted
the Company's ability to fulfill required preparation and review
processes and procedures with respect to the Amendment and the
Quarterly Report.

In light of the impact of the factors described above, the Company
will be unable to compile and review certain information necessary
to permit the Company to timely file the Amendment by April 30,
2020 and the Quarterly Report by May 11, 2020, the original filing
deadlines, respectively, without unreasonable effort and expense.

On March 4, 2020, the Securities and Exchange Commission issued an
order (Release No. 34-88318) under Section 36 of the Securities
Exchange Act of 1934, as amended, granting exemptions from
specified provisions of the Exchange Act and certain rules
thereunder, as amended by Release No. 34-88465 issued on
March 25, 2020.

The Company is relying on the Order and furnished a Current Report
on Form 8-K by the original filing deadline of the Amendment and
the Quarterly Report.  In accordance with the Order, the Company
expects to file the Amendment and the Quarterly Report on or around
May 22, 2020 (but in any event the Company will file the Amendment
no later than 45 days after
April 30, 2020, the original filing deadline of the Amendment, and
the Quarterly Report no later than 45 days after May 11, 2020, the
original filing deadline of the Quarterly Report).

Risk Factors

In light of the COVID-19 pandemic, the Company is also
supplementing its risk factors previously disclosed in the
Company's Annual Report with the following risk factors:

"The COVID-19 pandemic has adversely affected the Company's
business, and the ultimate effect on the Company's operations and
financial condition will depend on future developments, which are
highly uncertain and cannot be predicted.

"The effects of the COVID-19 pandemic, including actions taken by
businesses and governments, have adversely affected the global
economy, disrupted global supply chains and created significant
volatility in the financial markets.  As a result, there has been a
significant reduction in demand for and prices of crude oil.  If
the reduced demand for and price of crude oil continues for a
prolonged period, the Company's business, financial condition,
results of operation and liquidity may be materially and adversely
affected.  The Company's operations also may be adversely affected
if significant portions of the Company’s workforce continue to be
unable to work effectively due to illness, quarantines, government
actions or other restrictions in connection with the COVID-19
pandemic.

"The extent to which the COVID-19 pandemic adversely affects the
Company's business, financial condition, results of operation and
liquidity will depend on future developments, which are highly
uncertain and cannot be predicted.  These future developments
include, but are not limited to, the scope and duration of the
COVID-19 pandemic and actions taken by governmental authorities and
other third parties in response to the pandemic.  Disruptions
and/or uncertainties related to the COVID-19 pandemic for a
sustained period of time could result in delays or modifications to
the Company's strategic plans and initiatives and hinder the
Company's ability to achieve its strategic goals.  The COVID-19
pandemic, and the volatile regional and global economic conditions
stemming from the pandemic, may also have the effect of heightening
many of the other risks described in the "Risk Factors" section
included in the Annual Report and in this Current Report on Form
8-K, as those risk factors are amended or supplemented by
subsequent Quarterly Reports on Form 10-Q and other reports and
documents filed with the Securities and Exchange Commission after
the date of this Current Report on Form 8-K.

"Crude oil prices have declined significantly during 2020 and, if
oil prices continue to decline or remain at current levels for a
prolonged period, the Company's operations and financial condition
may be materially and adversely affected.

"Furthermore, in 2020, crude oil prices have fallen sharply and
dramatically, due in part to significantly decreased demand as a
result of the COVID-19 pandemic and the announcement by Saudi
Arabia of a significant increase in its maximum crude oil
production capacity as well as the announcement by Russia that
previously agreed upon oil production cuts between members of the
Organization of the Petroleum Exporting Countries and its broader
partners ("OPEC+") would expire on April 1, 2020.  On April 12,
2020, members of OPEC+ agreed to certain production cuts; however,
these cuts are not expected to be enough to offset near-term demand
loss attributable to the COVID-19 pandemic.  If crude oil prices
continue to decline or remain at current levels for a prolonged
period, the Company's business, financial condition, results of
operation and liquidity may be materially and adversely affected."

                   About Superior Energy Services

Headquartered in Houston, Texas, Superior Energy Services (NYSE:
SPN) -- htttp://www.superiorenergy.com/ -- serves the drilling,
completion and production-related needs of oil and gas companies
worldwide through a diversified portfolio of specialized oilfield
services and equipment that are used throughout the economic life
cycle of oil and gas wells.

Superior Energy incurred net losses of $255.72 million in 2019,
$858.11 million in 2018, and $205.92 million in 2017.  As of Dec.
31, 2019, the Company had $1.99 billion in total assets, $324.48
million in total current liabilities, $1.28 billion in long-term
debt, $132.63 million in decommissioning liabilities, $62.35
million in operating lease liabilities, $3.25 million in deferred
income taxes, $134.31 million in other long-term liabilities, and
$49.57 million in total stockholders' equity.

Superior Energy received on March 30, 2020 written notice from the
New York Stock Exchange that the Company is not in compliance with
the NYSE continued listing standard set forth in Rule 802.01B of
the NYSE Listed Company Manual, which requires the average global
market capitalization over a consecutive 30 trading-day period to
be greater than or equal to $50,000,000, unless at the same time
the stockholders' equity is equal to or greater than $50,000,000.


SYNIVERSE HOLDINGS: Bank Debt Trades at 61% Discount
----------------------------------------------------
Participations in a syndicated loan under which Syniverse Holdings
Inc is a borrower were trading in the secondary market around 39
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD220 million term loan is scheduled to mature on March 11,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


TAILWIND SMITH: Bank Debt Trades at 22% Discount
------------------------------------------------
Participations in a syndicated loan under which Tailwind Smith
Cooper Intermediate Corp is a borrower were trading in the
secondary market around 78 cents-on-the-dollar during the week
ended Fri., April 24, 2020, according to Bloomberg's Evaluated
Pricing service data.

The USD100 million term loan is scheduled to mature on May 28,
2027.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


TAILWIND SMITH: Bank Debt Trades at 23% Discount
------------------------------------------------
Participations in a syndicated loan under which Tailwind Smith
Cooper Intermediate Corp is a borrower were trading in the
secondary market around 77 cents-on-the-dollar during the week
ended Fri., April 24, 2020, according to Bloomberg's Evaluated
Pricing service data.

The USD740 million term loan is scheduled to mature on May 28,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


TALBOTS INC/THE: Bank Debt Trades at 23% Discount
-------------------------------------------------
Participations in a syndicated loan under which Talbots Inc/The is
a borrower were trading in the secondary market around 78
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD410 million term loan is scheduled to mature on November 28,
2022.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


TEAM HEALTH: S&P Alters Outlook to Negative, Affirms 'B-' ICR
-------------------------------------------------------------
S&P Global Ratings revised its outlook to negative from stable and
affirmed its ratings on Team Health Holdings Inc., including its
'B-' issuer credit, 'B-' senior secured, and 'CCC' senior unsecured
ratings.

"As a result of the decrease in elective surgeries in reaction to
COVID-19, we anticipate a material reduction in anesthesia volume
as well as significant declines in emergency department visits. We
estimate about 10% of Team Health's business has exposure to
anesthesia and thus to deferrable procedures, which could decline
as much as 50% over several quarters. In addition, a majority of
revenue stems from the company's emergency medicine staffing, which
we believe its current volume decline of 30%-40% could last for
several consecutive quarters. We expect revenue could decline
15%-20%, with EBITDA falling as much as 150 basis points (bps) and
working capital fluctuations to potentially cause a cash flow
deficit in 2020," S&P said.

The negative outlook reflects the risk of the behavioral changes
caused by COVID-19 extending longer than two quarters, resulting in
heightened refinancing risk.

"We could downgrade the company if the pandemic is prolonged or
hospital volume takes longer than expected to return due to the
impact of COVID-19, such that leverage remains elevated for two
years. Under this scenario, we might consider the company's current
capital structure to be unsustainable over the long term," S&P
said.

"We could affirm the rating and revise the outlook to stable if we
gain confidence that volume is returning to emergency rooms,
leverage is expected to decline, and the company produces
significant positive free cash flows. Under this scenario, we would
also expect the company to have addressed the upcoming revolver
maturity, ensuring sufficient access to the revolver," S&P said.


TERVITA CORP: S&P Lowers ICR to 'CCC+' on Weaker Cash Flows
-----------------------------------------------------------
S&P Global Ratings lowered its long-term issuer credit and
issue-level ratings on Tervita Corp. to 'CCC+' from 'B+'. S&P has
also revised the recovery rating to '4' from '3' to reflect the
change in its valuation assumptions.

E&P companies have announced sharp cuts following the collapse in
oil price.

S&P significantly lowered its oil price assumptions following
demand concerns from the coronavirus pandemic, and the resulting
price war between Saudi Arabia and Russia. In particular, S&P
expects crude oil prices to be significantly lower in 2020,
including West Texas Intermediate (WTI) at US$25 per barrel for the
rest of 2020.

Following the oil price collapse, E&P companies have significantly
reduced activity to align spending with internally generated cash
flows. S&P believes E&P companies in the U.S. and Canada have cut
their capital budgets by an average of 30%-40%.

The negative outlook reflects forecast credit measures through 2021
that S&P views as weak for the rating due to falling demand for
oilfield services. The outlook also reflects sizable debt
maturities in 2021 and S&P's view that Tervita has negligible
access to capital markets under current conditions.

"We could lower the rating if Tervita is unable to extend its debt
maturity beyond 2021 within the next 12 months. An inability to
refinance its long-term debt would increase the probability of a
debt restructuring we might characterize as distressed. This could
occur if industry conditions remain weak for a prolonged period,
making refinancing challenging," S&P said.

"We could take a positive rating action if Tervita is able to
extend its debt maturity beyond 2021, while maintaining FFO to debt
above 12%," S&P said.


TGP HOLDINGS: Bank Debt Trades at 24% Discount
----------------------------------------------
Participations in a syndicated loan under which TGP Holdings III
LLC is a borrower were trading in the secondary market around 76
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD301 million term loan is scheduled to mature on September
25, 2024.  As of April 24, 2020, the full amount has been drawn and
is outstanding.

The Company's country of domicile is U.S.


TKC HOLDINGS: Bank Debt Trades at 22% Discount
----------------------------------------------
Participations in a syndicated loan under which TKC Holdings Inc is
a borrower were trading in the secondary market around 78
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD385 million term loan is scheduled to mature on February 1,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



TMK HAWK: Bank Debt Trades at 34% Discount
------------------------------------------
Participations in a syndicated loan under which TMK Hawk Parent
Corp is a borrower were trading in the secondary market around 66
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD560 million term loan is scheduled to mature on August 30,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


TOOJAY'S MANAGEMENT: Updated Case Summary & Unsecured Creditors
---------------------------------------------------------------
Thirty-one affiliates that concurrently filed voluntary petitions
for relief under Chapter 11 of the Bankruptcy Code:

     Debtor                                              Case No.
     ------                                              --------
     TooJay's Management LLC (Lead Case)                 20-14792
     3654 Georgia Avenue
     West Palm Beach, FL 33405

     TJ Acquisition, LLC                                 20-14793
     TooJay's Lake Worth, LLC                            20-14829
     TooJay's Coral Springs, L.L.C.                      20-14830
     TooJay's Altamonte, LLC                             20-14831
     TooJay's at Dr. Phillips, LLC                       20-14835
     TooJay's Bakery and Commissary, LLC                 20-14836
     TooJay's Boynton Oakwood Square, LLC                20-14837
     TooJay's Colonial, LLC                              20-14845
     TooJay's Dania Beach, LLC                           20-14833
     TooJay's Downtown Gardens, LLC                      20-14834
     TooJay's Downtown Tampa, LLC                        20-14838
     TooJay's Glades, LLC                                20-14839
     TooJay's Hallandale, LLC                            20-14846
     TooJay's Jupiter, LLC                               20-14848
     TooJay's Naples, LLC                                20-14849
     TooJay's of Lake Mary, LLC                          20-14857
     TooJay's of Ocoee, LLC                              20-14854
     TooJay's of Sarasota, LLC                           20-14850
     TooJay's of the Villages, LLC                       20-14847
     TooJay's of West Boca, LLC                          20-14844
     TooJay's of Palm Beach, LLC                         20-14851
     TooJay's of Plantation, LLC                         20-14852
     TooJay's of Stuart, LLC                             20-14853
     TooJay's Vero, LLC                                  20-14855
     TooJay's Villages III, LLC                          20-14856
     TooJay's VLG II, LLC                                20-14843
     TooJay's Waterford Lakes, LLC                       20-14842
     TooJay's Wellington Commons, LLC                    20-14841
     TooJay's West Palm Beach, LLC                       20-14840
     TooJay’s N Ft. Lauderdale, L.L.C.                  
20-14828

Business Description: TooJay's Management LLC is a South Florida-
                      based deli, bakery, and restaurant chain
                      serving guests in Palm Beach and Broward
                      counties, the Treasure Coast, the West Coast
                      of Florida, the Orlando area and The
                      Villages.  TooJay's offers homemade comfort
                      foods, handcrafted sandwiches, and
                      made-from-scratch soups, salads, and baked
                      goods.

Chapter 11 Petition Date: April 29, 2020

Court: United States Bankruptcy Court
       Southern District of Florida

Judge: Hon. Erik P. Kimball

Debtors' Counsel: Michael Goldberg, Esq.
                  AKERMAN LLP
                  350 East Las Olas Boulevard
                  Suite 1600
                  Fort Lauderdale, FL 33301
                  Tel: 954-463-2700
                  Email: michael.goldberg@akerman.com

TooJay's Management's
Estimated Assets: $50 million to $100 million

TooJay's Management's
Estimated Liabilities: $10 million to $50 million

TJ Acquisition's
Estimated Assets: $0 to $50,000

TJ Acquisition's
Estimated Liabilities: $10 million to $50 million

The petitions were signed by Edward Maxwell Piet CEO of TooJay's
Management and Eric Korsten, director of TJ Acquisition.

A full-text copy of TooJay's Management's petition is available for
free at PacerMonitor.com at:

                         https://is.gd/LPf8lT

List of TooJay's Management's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Truist Bank                        PPP Loan          $6,436,309
200 West Second Street
Winston Salem, NC 27101
Brock Wilbor
Tel: (561) 362-3554
5350 Town Center Road Suite 200
Boca Raton FL 33486
Email: brock.wilbor@suntrust.com

2. U.S. Foodservice Inc.             Trade Debt         $1,911,872
P.O. Box 281838
Atlanta, GA 30384
Holly Simmons
Tel: (800) 766-4301
Email: holly.simmons@usfoods.com

3. Three Atlanta LLC               Media Company          $109,076
550 Pharr Rd
Suite 900
Atlanta, GA 30305
Nancy Apatov
Tel: (404) 835-4550

4. Premier Produce                   Trade Debt            $91,865
Central Florida LLC
640 Distribution Drive
Melbourne, FL 32904
Andrew Hoffman
Tel: (800) 254-4048
Email: andrewh@premierproducefl.com

5. American Express                  Corporate             $86,898
Credit Card                         Credit Card
P.O. Box 650448
Dallas, TX
75265-0448
Susan Brooks
Tel: 561-683-3890
Email: susan.w.brooks@aexp.com

6. Scalisi Produce Co Inc.           Trade Debt            $66,103
Jackt. Scalisi Wholesale
West Palm Beach
FL 33411
Jack Scalisi
Tel: (561) 718-6379
Email: jack@scalisiproduce.com

7. RSM US LLP                         Auditors             $56,904
5155 Paysphere Circle
Chicago, IL 60674
Frank Compiani
Tel: (561) 682-1620
Email: frank.compiani.rsmus.com

8. The Villages Operating Company  Landlord/Lease          $49,426
3619 Kiessel Road
The Villages, FL 32163
Rachel Hirsch
Tel: (352) 750-9455

9. IPFS Corporation                   Financing            $42,670
24722 Network Place                  Company for
Chicago, IL                           Insurance
60673-1247
Tel: 866-412-2429

10. Shopcore Properties LP         Landlord/Lease          $42,317
P.O. Box 27324
San Diego, CA
92198-1324
Adam Sich
Tel: (561) 727-2643
Email: asich@shopcore.com

11. Anne M. Gannon                      Taxes              $41,424
Tax Collector
PO Box 3828
West Palm Beach, FL
33402-3828
Tel: (561)355-2264
Email: ClientAdvocate@pbctax.com

12. L&J Associates L.L.P.          Landlord/Lease          $38,158
P.O. Box 6635
West Palm Beach, FL 33405
Jim Morris
Tel: (561)758-2111
Email: mawon@aol.com

13. Dove Air Conditioning &          Trade Debt            $37,269
Refrig. Inc.
2581 Jupiter Park
Dr #F 10
Jupiter, FL 33458
Simon Lachance
Tel: (561) 746-3757

14. Niagara Distrib. Inc.            Trade Debt            $36,588
3701 N. 29th Avenue
Hollywood, FL 33020
Benis Montero
Tel: (954) 925-6775 ext. 215

15. The Villages Operating Company Landlord/Lease          $35,078
3619 Kiessel Road
The Villages, FL 32163
Rachel Hirsch
Tel: (352) 750-9455

16. Zenith Insurance                 Insurance             $31,782
PO Box 9055                           Carrier
Van Nuys, CA
91499-4076
Kelly Brown
Tel: (630) 616-6405

17. Edward Don Company              Trade Debt             $29,275
2562 Paysphere Circle
Chicago, IL 60674
Randy Beird
Tel: (954) 378-7131

18. 2980 Investments LLC           Landlord/Lease          $27,711
c/o Legacy Bank of Florida
Fort Lauderdale, FL 33301
Mark Stein
Tel: (954)776-1005 Ex.206
Email: mark@diversifiedcos.com

19. PP Omni Ventures, LLC          Landlord/Lease          $24,636
117 Highbridge St
Fayetteville, NY 13066
Jose Rodriquez (Managing Director);
Tel: (321) 262-7113
Email: jrodriquez@hlcos.com

20. Palm Beach Outlets             Landlord/Lease          $24,626
         
Holdings LLC                       
PO Box 9468
New York, NY 10087-9468
Sarah Kudisch
Tel: 561-515-4402


TRANSCENDIA HOLDINGS: Bank Debt Trades at 34% Discount
------------------------------------------------------
Participations in a syndicated loan under which Transcendia
Holdings Inc is a borrower were trading in the secondary market
around 66 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD295 million term loan is scheduled to mature on May 30,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


TRAVEL LEADERS: Bank Debt Trades at 24% Discount
------------------------------------------------
Participations in a syndicated loan under which Travel Leaders
Group LLC is a borrower were trading in the secondary market around
76 cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD631 million term loan is scheduled to mature on January 25,
2024.  As of April 24, 2020, USD622 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


TRAVERSE MIDSTREAM: Bank Debt Trades at 35% Discount
----------------------------------------------------
Participations in a syndicated loan under which Traverse Midstream
Partners LLC is a borrower were trading in the secondary market
around 65 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD1435 million term loan is scheduled to mature on September
27, 2024.  As of April 24, 2020, the full amount has been drawn and
is outstanding.

The Company's country of domicile is U.S.


TRIBE BUYER: Bank Debt Trades at 25% Discount
---------------------------------------------
Participations in a syndicated loan under which Tribe Buyer LLC is
a borrower were trading in the secondary market around 75
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD397 million term loan is scheduled to mature on February 16,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


TRIDENT TPI: Bank Debt Trades at 19% Discount
---------------------------------------------
Participations in a syndicated loan under which Trident TPI
Holdings Inc is a borrower were trading in the secondary market
around 81 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The EUR249 million term loan is scheduled to mature on October 5,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.



TRIPLE POINT: Bank Debt Trades at 34% Discount
----------------------------------------------
Participations in a syndicated loan under which Triple Point
Technology Inc is a borrower were trading in the secondary market
around 67 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD125 million term loan is scheduled to mature on July 13,
2021.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


TRITON SOLAR: Bank Debt Trades at 21% Discount
----------------------------------------------
Participations in a syndicated loan under which Triton Solar US
Acquisition Co is a borrower were trading in the secondary market
around 79 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD100 million term loan is scheduled to mature on October 29,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


TRONOX INC: S&P Rates New $400MM Senior Secured Notes 'B+'
----------------------------------------------------------
S&P Global Ratings assigned issue-level ratings on Tronox Inc.'s
new $400 million secured notes debt of 'B+' and recovery ratings of
'2', indicating its expectation for substantial (70% to 90%;
rounded estimate 80%) recovery in the event of a payment default.
S&P lowered its issue-level ratings on all secured debt at Tronox
to 'B+' from 'BB-' and are revised its recovery rating on the debt
to '2' from '1' to reflect the increase in total secured debt.

S&P is affirming the 'B' issue level rating on the unsecured debt
and the recovery ratings remains unchanged at '4', indicating its
expectation for average (30% to 50%; rounded estimate 35%) recovery
in the event of a payment default.

There is no change to the 'B' issuer credit rating on the company.

The lower secured issue-level rating reflects lower projected
recovery for secured lenders in the event of a default scenario.
With the new $400 million tranche of secured notes, the collateral
value of the business in a default scenario would be distributed
among a larger pool of secured lenders than before the transaction.
The recovery and issue level ratings on unsecured debt are
unchanged. The transaction results in moderately lower recovery
prospects for unsecured lenders, but the change is not large enough
to result in a change in unsecured recovery ratings.

The issuer credit rating remains 'B'. The outlook remains negative.


TRUCK HERO: Bank Debt Trades at 22% Discount
--------------------------------------------
Participations in a syndicated loan under which Truck Hero Inc is a
borrower were trading in the secondary market around 78
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD859 million term loan is scheduled to mature on April 21,
2024.  As of April 24, 2020, USD855 million from the loan remains
outstanding.

The Company's country of domicile is U.S.







UNITED PF: Bank Debt Trades at 39% Discount
-------------------------------------------
Participations in a syndicated loan under which United PF Holdings
LLC is a borrower were trading in the secondary market around 61
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD116 million term loan is scheduled to mature on December 30,
2028.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


UNIVERSAL FIBER: Bank Debt Trades at 33% Discount
-------------------------------------------------
Participations in a syndicated loan under which Universal Fiber
Systems LLC is a borrower were trading in the secondary market
around 68 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD40 million term loan is scheduled to mature on October 5,
2022.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


US FARATHANE: Bank Debt Trades at 33% Discount
----------------------------------------------
Participations in a syndicated loan under which US Farathane LLC is
a borrower were trading in the secondary market around 67
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD576 million term loan is scheduled to mature on December 23,
2021.  As of April 24, 2020, USD528 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


US FOODS: S&P Rates New $800MM Senior Secured Notes 'BB'
--------------------------------------------------------
S&P Global Ratings affirmed its 'BB' issuer credit rating on
foodservice distributor US Foods Inc. (USF), its 'BB' issue-level
rating on its existing senior secured term loans, and its 'BB-'
issue-level rating on its existing senior unsecured notes.

S&P also assigned its 'BB' issue-level rating to the proposed $800
million senior secured notes and placed it on CreditWatch with
negative implications.

The affirmation reflects US Foods Inc.'s (USF's) enhanced liquidity
profile following completion of the notes offering and preferred
equity sale to KKR. The company will also initially fund the $970
million Smart Foodservice acquisition with cash on hand and a $700
million term loan, which will then be paid down to $300 million
with half of the $800 million secured note proceeds. After the
transactions, S&P forecasts USF will maintain well over $1 billion
in liquidity, even after meaningful free cash flow deterioration
over the next year.

The CreditWatch reflects the potential for a lower rating over the
next few quarters if the pandemic continues to severely impact
foodservice industry sales and profits.

"We expect to resolve the CreditWatch placement after we have
assessed the magnitude and duration of the pandemic's effects on
USF's profitability and credit metrics. We will consider the extent
and duration of future lockdowns and quarantines, consumer behavior
after stay-at home orders have been lifted, the effects of
large-scale restaurant closures, the potential for a protracted
recession that could lead to lower consumer spending on food away
from home, and actions that USF takes to ensure adequate
profitability and cash flow generation until the virus subsides,"
S&P said.


US SHIPPING: Bank Debt Trades at 20% Discount
---------------------------------------------
Participations in a syndicated loan under which US Shipping Corp is
a borrower were trading in the secondary market around 80
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD220 million term loan is scheduled to mature on June 26,
2021.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


US TELEPACIFIC: Bank Debt Trades at 23% Discount
------------------------------------------------
Participations in a syndicated loan under which US TelePacific Corp
is a borrower were trading in the secondary market around 77
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD655 million term loan is scheduled to mature on May 2, 2023.
As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


USS ULTIMATE: Bank Debt Trades at 19% Discount
----------------------------------------------
Participations in a syndicated loan under which USS Ultimate
Holdings Inc is a borrower were trading in the secondary market
around 81 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD343 million term loan is scheduled to mature on August 25,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


UTEX INDUSTRIES: Bank Debt Trades at 68% Discount
-------------------------------------------------
Participations in a syndicated loan under which UTEX Industries Inc
is a borrower were trading in the secondary market around 32
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD475 million term loan is scheduled to mature on May 22,
2021.  As of April 24, 2020, USD448 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



VANTAGE SPECIALTY: Bank Debt Trades at 32% Discount
---------------------------------------------------
Participations in a syndicated loan under which Vantage Specialty
Chemicals Inc is a borrower were trading in the secondary market
around 68 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD150 million term loan is scheduled to mature on October 26,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


VBI VACCINES: Perceptive Life Reports 24.6% Equity Stake
--------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, these entities and individual reported beneficial
ownership of shares of common stock of VBI Vaccines Inc., as of
April 24, 2020:

                                              Shares      Percent
                                           Beneficially     of     
                
Reporting Person                            Owned        Class
----------------                         ------------  -------
Perceptive Advisors LLC                    57,111,289    25.3%
Joseph Edelman                             57,111,289    25.3%
Perceptive Life Sciences Master Fund Ltd.  55,042,465    24.6%
Perceptive Credit Holdings, LP              2,068,824     0.9%

The ownership percentages reported are based on 223,711,744
outstanding shares of Common Stock as reported by the Issuer in its
prospectus supplement filed on April 24, 2020.

The Master Fund directly holds 55,042,465 shares of Common Stock.
The Credit Fund directly holds 2,068,824 warrants each exercisable
for one share of Common Stock.  The Investment Manager serves as
the investment manager to the Master Fund and the Credit Fund and
may be deemed to beneficially own the securities directly held by
the Fund and the Credit Fund.  Mr. Edelman is the managing member
of the Investment Manager and may be deemed to beneficially own the
securities directly held by the Master Fund and the Credit Fund.

On April 24, 2020, the Master Fund purchased 9,090,909 shares of
Common Stock at a purchase price of $1.10 per share.

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

                      https://is.gd/qzB6kV

                    About VBI Vaccines Inc.

VBI Vaccines Inc. (Nasdaq: VBIV) -- http://www.vbivaccines.com--
is a commercial-stage biopharmaceutical company developing a next
generation of vaccines to address unmet needs in infectious disease
and immuno-oncology.  VBI is advancing the prevention and treatment
of hepatitis B, with the only trivalent hepatitis B vaccine,
Sci-B-Vac, which is approved for use and commercially available in
Israel, and recently completed its Phase 3 program in the U.S.,
Europe, and Canada, and with an immunotherapeutic in development
for a functional cure for chronic hepatitis B.  VBI's enveloped
virus-like particle (eVLP) platform technology enables development
of eVLPs that closely mimic the target virus to elicit a potent
immune response.  VBI's lead eVLP programs include a vaccine
immunotherapeutic candidate targeting glioblastoma (GBM) and a
prophylactic CMV vaccine candidate.  VBI is headquartered in
Cambridge, MA, with research operations in Ottawa, Canada, and
research and manufacturing facilities in Rehovot, Israel.

VBI Vaccines reported a net loss of $54.81 million for the year
ended Dec. 31, 2019, compared to a net loss of $63.60 million for
the year ended Dec. 31, 2018.  As of Dec. 31, 2019, the Company had
$122.20 million in total assets, $29.76 million in total current
liabilities, $4.19 million in total non-current liabilities, and
$88.25 million in total stockholders' equity.

EisnerAmper LLP, in Iselin, New Jersey, the Company's auditor since
2016, issued a "going concern" qualification in its report dated
March 5, 2020 citing that the Company has incurred, and it
anticipates it will continue to incur, significant losses and
generate negative operating cash flows and as such will require
significant additional funds to continue its development activities
to ultimately achieve commercial launch of its products.  These
factors raise substantial doubt about its ability to continue as a
going concern.


VERIFONE SYSTEMS: Bank Debt Trades at 21% Discount
--------------------------------------------------
Participations in a syndicated loan under which VeriFone Systems
Inc is a borrower were trading in the secondary market around 79
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD2175 million term loan is scheduled to mature on August 20,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


VERMILLION INC: Regains Compliance with Nasdaq Bid Price Rule
-------------------------------------------------------------
Vermillion, Inc., received a written notice on April 27, 2020, from
the Listing Qualifications Department of the Nasdaq Stock Market
that the Company has regained compliance with the minimum closing
bid price of $1.00 per share, as is required for continued listing
on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule
5550(a)(2), based on achieving a closing bid price of $1.00 per
share or greater for 10 consecutive business days for the period
from April 13, 2020 to April 24, 2020.  The Notice also indicated
that because the Company is now in compliance with the Bid Price
Requirement, Nasdaq considers the matter closed.

On Aug. 2, 2019, the Company received a deficiency letter from the
Staff notifying the Company that, for the preceding 30 consecutive
business days, the Company had not been in compliance with the Bid
Price Requirement.  On Jan. 30, 2020, the Company received a
written notice from the Staff notifying the Company that it had
been granted an additional 180 calendar days, or until July 27,
2020, to regain compliance with the Bid Price Requirement.

                       About Vermillion

Headquartered in Austin, Texas, Vermillion, Inc. --
http://www.vermillion.com/-- is dedicated to the discovery,
development and commercialization of novel high-value diagnostic
and bio-analytical solutions that help physicians diagnose, treat
and improve gynecologic health outcomes for women.

Vermillion reported a net loss of $15.24 million for the year ended
Dec. 31, 2019, compared to a net loss of $11.37 million for the
year ended Dec. 31, 2018.  As of Dec. 31, 2019, the Company had
$13.83 million in total assets, $5.09 million in total liabilities,
and $8.74 million in total stockholders' equity.

BDO USA, LLP, in Austin, Texas, the Company's auditor since 2012,
issued a "going concern" qualification in its report dated April 7,
2020 citing that the Company has suffered recurring losses from
operations and has negative cash flows from operations that raise
substantial doubt about its ability to continue as a going concern.


VETCOR PROFESSIONAL: Bank Debt Trades at 16% Discount
-----------------------------------------------------
Participations in a syndicated loan under which VetCor Professional
Practices LLC is a borrower were trading in the secondary market
around 84 cents-on-the-dollar during the week ended Fri., April 24,
2020, according to Bloomberg's Evaluated Pricing service data.

The USD450 million term loan is scheduled to mature on July 2,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


VIDANGEL INC: Studios' Competing Plan Lets Owners Keep Control
--------------------------------------------------------------
Creditors Disney Enterprises, Inc., Lucasfilm Ltd. LLC, Twentieth
Century Fox Film Corporation, Warner Bros. Entertainment Inc., MVL
Film Finance LLC, New Line Productions, Inc., and Turner
Entertainment Co. (collectively, Studios), holding unsecured claims
in the total amount of $62.4 million plus attorneys' fees and
interest, have prepared a Plan of Reorganization for debtor
VidAngel, Inc. dated April 10, 2020.

The Studios claim that the Studios’ Plan is more favorable to
Creditors and the Reorganized Debtor than is the plan proposed by
the Chapter 11 Trustee, because:

    1. The Studios' Plan would pay Administrative Expenses,
Priority Claims, and General Unsecured Claims in full on the
Effective Date;
  
    2. The Reorganized Debtor would not incur the costs of a Plan
Administrator and his Professionals;  

    3. The Studios' Plan guards against the Reorganized Debtor
again becoming embroiled in copyright litigation with the Studios
by ensuring that the Reorganized Debtor will not, under any
circumstances, again make unauthorized use of the Studios' or their
Affiliates' Copyrighted Works; and

    4. Provided the Reorganized Debtor complies with the reduced
Payment Obligations and Restrictive Covenants, the Studios will
subordinate their Claims for $62.4 million plus attorneys' fees and
interest to the other creditors and will compromise tens of
millions of dollars of those Claims; all of this provides the
Debtor an actual chance of reorganization.

The Studios' Plan is the only option supported  by the Debtor's
largest creditors.  The Studios' Plan also offers the holders of
Equity Interests the ability to retain their stake in the Debtor.
The Studios' Plan encourages the Debtor's management -- whom the
Trustee has described as important to the Debtor's continued
operation -- to remain in their day-to-day roles.  Only if Neal and
Jeffrey Harmon decide to leave these roles, would the Studios' Plan
appoint different management.

The Plan contemplates the Reorganized Debtor's continued business
operations.

The Reorganized Debtor will make payments from Cash available as of
the Effective Date, to pay in full the Administrative Claims,
Priority Tax Claims, and Class 1 and 2 Claims.  The Studios' Plan
would pay Administrative Expenses, Priority Claims, and General
Unsecured Claims in full on the Effective Date.  The Reorganized
Debtor would not incur the costs of a Plan Administrator and his
Professionals.

Under the Studios' Plan, the Reorganized Debtor can satisfy the
Studios' Claims by paying a fraction of those Claims over time and
respecting the Studios' copyrights.  If the Reorganized Debtor
violates the "restrictive covenants" or fails to make payments, the
Studios will then be entitled to exercise their Default Remedies.

Class 2 consists of all Allowed General Unsecured Claims, except
for Credit Holders' Claims and Studios' Claims.  The holders of
Allowed Class 2 Claims shall be paid from the distribution funds
the full amount of their claim.  Class 2 is not impaired under the
Plan.

Class 3 consists of the Studios' Claims.  On the Effective Date,
the Reorganized Debtor shall execute and deliver a promissory note
to the Studios equal to the full amount of the Studios' Class 3
Claims minus the Conversion Amount.  The Reorganized Debtor
thereafter shall pay the Studios  a total of $14,000,000, which
shall be payable in 56 quarterly payments over a period of 14
years.  If all payments are made in full on a timely basis, and
there is no other default under this Plan, the remaining balance of
the Note will be forgiven by the Studios, and the Note will be
deemed to be fully satisfied.  

Class 5 consists of holders of Equity Interests in the Debtor.
Each record holder of an Equity Interest in the Debtor will retain
its interest in the Debtor, as the Reorganized Debtor on the
Effective Date.  Although equity interests will remain, Class 5 is
deemed impaired under the Plan and entitled to vote to accept or
reject the Plan.

A full-text copy of Studios' Plan dated April 10, 2020, is
available at https://tinyurl.com/r4soygq from PacerMonitor at no
charge.

Attorneys for Studios:

        Michael R. Johnson, Esq.
        RAY QUINNEY & NEBEKER P.C.
        36 South State Street, 14th Floor
        Salt Lake City, Utah 84111
        Telephone: (801) 532-1500
        Facsimile: (801) 532-7543
        E-mail: mjohnson@rqn.com

               - and -

        Thomas B. Walper
        Kelly M. Klaus
        Rose Leda Ehler
        Munger, Tolles & Olson LLP
        350 South Grand Avenue, 50th Floor
        Los Angeles, California 90071-3426
        Telephone: (213) 683-9100
        Facsimile: (213) 687-3702
        E-mail: thomas.walper@mto.com
        E-mail: kelly.klaus@mto.com
        E-mail: rose.ehler@mto.com

                        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 Parsons Behle & Latimer, as bankruptcy counsel;
Durham Jones & Pinegar, Baker Marquart LLP, Stris & Maher LLP and
Call & Jensen, P.C. as special counsel; and Tanner LLC as auditor
and advisor. The Debtor also hired economic consulting expert
Analysis Group, Inc.

George Hofmann was appointed as the Debtor's Chapter 11 trustee.
Cohne Kinghon, P.C., is the Trustee's bankruptcy counsel.  The
Trustee also hired Call & Jensen, P.C., TraskBritt, P.C., Call &
Jensen, P.C., and Magleby Cataxinos & Greenwood, P.C. as special
counsel.


VINES AT TABOR: Unsecureds to Get Full Payment in Sale-Based Plan
-----------------------------------------------------------------
Debtor The Vines at Tabor, a California limited partnership, filed
with the U.S. Bankruptcy Court for the Eastern District of
California, Sacramento Division, a Chapter 11 Plan of
Reorganization and a Disclosure Statement on April 10, 2020.

Post-confirmation, the Debtor will sell its real property located
at 200 E. Tabor Avenue, Fairfield, California without further court
order of the Bankruptcy Court.  Funds from the sale will pay all
claims including priority, secured and unsecured claims in full.
The Debtor will continue to provide security and maintenance to the
Property pending the sale.

Holders of Class 5 General Unsecured Claims will recover 100
percent.  From the proceeds of the sale, the Debtor estimates 100%
of allowed unsecured claims will be paid in full by Oct. 15, 2020.

In the event of a default, this Claimant may exercise all of its
remedies available under applicable state law. Likewise, Debtors
maintain all rights and protections of California Real Property and
Foreclosure Law. Claimant may not repossess or dispose of their
collateral so long as Debtor is not in material default under the
Plan.

Class 6 Equity Interest Holders of the Debtor in the Property of
the Estate.  Current Equity Interest Holders of the Debtor will
retain their full interest in the equity that they hold.

By Oct. 15, 2020 Debtor believes it will have sold the Property.
The Debtor estimates the sale would net $494,451 after payments to
secured lien holders.

A full-text copy of the Disclosure Statement dated April 10, 2020,
is available at https://tinyurl.com/vnt7rjm from PacerMonitor at no
charge.

The Debtor is represented by:

        122 LAW OFFICES OF GABRIEL LIBERMAN, APC
        Gabriel E. Liberman
        1545 River Park Drive, Suite 530
        Sacramento, California 95815
        Telephone: (916) 485-1111
        Facsimile: (916) 485-1111
        E-mail: Gabe@4851111.com

                   About The Vines at Tabor

The Vines at Tabor, a California limited partnership, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.
Cal. Case No. 20-20975) on Feb. 24, 2020.  At the time of the
filing, the Debtor disclosed assets of between $1,000,001 and $10
million and liabilities of the same range.  Judge Christopher D.
Jaime oversees the case.  The Debtor tapped the Law Offices of
Gabriel Liberman, APC, as its legal counsel.


VIP CINEMA: Bank Debt Trades at 83% Discount
--------------------------------------------
Participations in a syndicated loan under which VIP Cinema Holdings
Inc is a borrower were trading in the secondary market around 17
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD165 million term loan is scheduled to mature on May 10,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


VORNADO REALTY: Bank Debt Trades at 19% Discount
------------------------------------------------
Participations in a syndicated loan under which Vornado Realty LP
is a borrower were trading in the secondary market around 81
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD800 million term loan is scheduled to mature on February 1,
2024.  As of April 24, 2020, USD796 million from the loan remains
outstanding.

The Company's country of domicile is U.S.



WALDEN PALMS: Unsecured Creditors to Get Full Payment in 1 Year
---------------------------------------------------------------
Debtor Walden Palms Condominium Association, Inc., filed with the
U.S. Bankruptcy Court for the Middle District of Florida, Orlando
Division, a Plan of Reorganization and a Disclosure Statement dated
April 10, 2020.

The Plan provides for Effective Date Distributions totaling
approximately $348,700, comprised of no more than $100,000 to the
City of Orlando, $13,000 in U.S. Trustee Fees, $200,000 for
estimated final Approved Professional Fees, approximately $22,600
to satisfy all Allowed Secured Property Tax Claims, an initial
Distribution of $5,600 towards Allowed General Unsecured Claims and
$7,500 into the Disputed Claims Reserve on account of Class 7.

The Plan provides to satisfy all holders of General Unsecured
Claims in Class 6 (which consist of trade creditors and/or Unit
Owners with whom the Debtor intends to conduct business again in
the future) through the payment of 100% of the Allowed Amount of
their respective Claims in 12 equal monthly payments beginning on
the Effective Date, with interest at the rate of 2.5% per annum or
such other rate as may be approved by the Court.

The Plan provides for treatment of the General Unsecured Claims
that are Disputed and subject to setoff due to the Debtor's
affirmative claims against the holders thereof (i.e., LAD and FSR).
In the event such Disputed Claims are Disallowed in their
entirety, there will be no Distribution to members of this Class
(Class 7).  In the event the Disputed Claims are Allowed, the
holders thereof will receive their Pro Rata share of the total
Distribution amount of $150,000, with interest at a rate of 2.5%
per annum, payable in 20 equal monthly installments beginning on
the Effective Date.

The Plan provides for Equity Interests, if any.  As a
not-for-profit corporation, the Debtor believes there are no
Persons that have, or would be entitled to receive or retain, an
Equity Interest in the Debtor as a matter of law.  Accordingly, if
any Impaired Classes entitled to vote on the Plan does not vote to
accept the Plan, the Debtor believes it can confirm the Plan
nonetheless.  To the extent the Court may determine there may be
Persons entitled to receive/retain an Equity Interest in the
Debtor, such Persons shall not receive any Distribution under the
Plan.

Distributions under the Plan will be funded through: (a) the
anticipated balance available in the DIP Accounts on the Effective
Date, which is estimated to be approximately $1,500,000; (b)
anticipated proceeds from any Rule 9019 Motions/Settlement
Agreements that have not yet been approved by the Bankruptcy Court
as of the date the Disclosure Statement is filed, estimated to be
approximately $292,000; (c) the Plan Units Sale Proceeds, estimated
to be $390,000; (d) proceeds from the increased regular monthly
Assessments paid by Unit Owners over the life of the Plan,
estimated to be $1,500,000; (e) proceeds from the Special Plan
Assessments, estimated at $102,000; (f) the proceeds from the
anticipated foreclosure and sale of the Singh Units; and (g) the
Litigation Trust Proceeds.

In the event the proceeds from the anticipated sale of the Singh
Units and the Litigation Trust Proceeds are insufficient to meet
all Distributions to be made under the Plan, the Debtor will
maintain the increased Regular Assessments for such period of time
as may be necessary to fully fund the Rehabilitation Project and
otherwise satisfy the Secured Claims of the City of Orlando. In the
event the proceeds from the anticipated sale of the Singh Units and
the Litigation Trust Proceeds exceed the current estimates, the
Debtor will reduce such Regular Assessments back to pre-Petition
levels accordingly.

A full-text copy of the Disclosure Statement dated April 10, 2020,
is available at https://tinyurl.com/t4hx69t from PacerMonitor at no
charge.

Attorneys for the Debtor:

        Matthew S. Kish, Esq.
        SHAPIRO, BLASI, WASSERMAN & HERMANN, P.A.
        7777 Glades Road, Suite 400
        Boca Raton, Florida 33434
        Tel: 561-477-7800
        Fax: 561- 477-7722
        E-mail: mkish@sbwh.law

         About Walden Palms Condominium Association

Walden Palms Condominium Association, Inc., is a nonprofit property
management company in Orlando, Florida.  Walden Palms Condominium
Association sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Case No. 18-07945) on Dec. 24, 2018.  At the
time of the filing, the Debtor was estimated to have assets of $1
million to $10 million and liabilities of $10 million to $50
million.  The case is assigned to Judge Cynthia C. Jackson.

The Debtor tapped Shapiro, Blasi, Wasserman & Hermann, P.A., as its
bankruptcy counsel; Arias Bosinger PLLC as general association
counsel; JD Law Firm, as collections & foreclosure counsel; and
Winderweedle, Haines, Ward & Woodman, P.A., as land use counsel.


WASH MULTIFAMILY: Bank Debt Trades at 21% Discount
--------------------------------------------------
Participations in a syndicated loan under which WASH Multifamily
Laundry Systems LLC is a borrower were trading in the secondary
market around 79 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD102 million term loan is scheduled to mature on May 15,
2023.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


WATERBRIDGE MIDSTREAM: Bank Debt Trades at 35% Discount
-------------------------------------------------------
Participations in a syndicated loan under which WaterBridge
Midstream Operating LLC is a borrower were trading in the secondary
market around 65 cents-on-the-dollar during the week ended Fri.,
April 24, 2020, according to Bloomberg's Evaluated Pricing service
data.

The USD1000 million term loan is scheduled to mature on June 21,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


WHEEL PROS: Bank Debt Trades at 38% Discount
--------------------------------------------
Participations in a syndicated loan under which Wheel Pros Inc is a
borrower were trading in the secondary market around 62
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD160 million term loan is scheduled to mature on April 4,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


WINDSTREAM SERVICES: Bank Debt Trades at 44% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Windstream Services
LLC is a borrower were trading in the secondary market around 56
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD580 million term loan is scheduled to mature on February 8,
2024.  As of April 24, 2020, USD568 million from the loan remains
outstanding.

The Company's country of domicile is U.S.


WINEBOW GROUP: Bank Debt Trades at 23% Discount
-----------------------------------------------
Participations in a syndicated loan under which Winebow Group
LLC/The is a borrower were trading in the secondary market around
77 cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD230 million term loan is scheduled to mature on July 1,
2021.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


WINEBOW GROUP: Bank Debt Trades at 38% Discount
-----------------------------------------------
Participations in a syndicated loan under which Winebow Group
LLC/The is a borrower were trading in the secondary market around
62 cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD130 million term loan is scheduled to mature on January 1,
2022.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


WIRECO WORLDGROUP: Bank Debt Trades at 22% Discount
---------------------------------------------------
Participations in a syndicated loan under which WireCo WorldGroup
Inc is a borrower were trading in the secondary market around 78
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD453 million term loan is scheduled to mature on September
30, 2023.  As of April 24, 2020, USD451 million from the loan
remains outstanding.

The Company's country of domicile is U.S.



WME IMG: Moody's Cuts CFR to B3 & Alters Outlook to Negative
------------------------------------------------------------
Moody's Investors Service downgraded WME IMG, LLC's Corporate
Family Rating to B3 from B2, Probability of Default Rating to B3-PD
from B2-PD, and the first lien credit facility ratings (including a
senior secured revolver and term loan issued by its subsidiary) to
B3 from B2. The outlook was changed to negative from stable.

The downgrade of WME IMG's ratings reflects the impact of the
coronavirus outbreak which has limited the ability to hold live
events and complete media production as anticipated. While some
events will be rescheduled to future quarters, others will be
cancelled due to the pandemic. As a result, leverage levels will
increase substantially and liquidity will deteriorate for as long
as live events continue to be impacted by the coronavirus.

Downgrades:

Issuer: WME IMG, LLC

Corporate Family Rating, Downgraded to B3 from B2

Probability of Default Rating, Downgraded to B3-PD from B2-PD

Issuer: William Morris Endeavor Entertainment, LLC

GTD Senior Secured 1st Lien Revolving Credit Facility, Downgraded
to B3 (LGD3) from B2 (LGD3)

GTD Senior Secured 1st Lien Term Loan, Downgraded to B3 (LGD3) from
B2 (LGD3)

Outlook Actions:

Issuer: WME IMG, LLC

Outlook, Changed To Negative From Stable

RATINGS RATIONALE

WME IMG's B3 CFR reflect the impact of the coronavirus outbreak on
the ability to hold live events and complete entertainment
production as scheduled, as well as on the overall economy which
will lead to lower discretionary consumer spending. While many
events may be rescheduled later in the year depending on the
duration of the outbreak, others may be held without fans in
attendance, and others may be cancelled. Concerts are projected to
be the most impacted due to its reliance on fans in attendance, but
other events such as Wimbledon and the Miami Open have also been
cancelled. Sports revenues generated from media agreements are less
likely to be impacted as the events are more likely to be held
without fans in attendance, but there continues to be uncertainty
on how many events will be rescheduled later in the year. WME IMG's
already high leverage level of approximately 7x as of Q3 2019 is
projected to increase materially in the near term, while liquidity
will deteriorate as long as the coronavirus limits the ability to
hold scheduled events.

WME IMG benefits from its size and global scale, as well as
diversified operations in client representation, event operations,
distribution of media, sponsorship, marketing and other services.
While WME IMG does not own a significant amount of content or
events, ownership of events has increased in recent years. The
majority of costs are variable and Moody's projects WME IMG will
not incur material expenses for cancelled events. While film
production has been delayed, Moody's expects production will be one
of the earlier business segments to resume operations as the impact
of the coronavirus abates. In the near term, WME IMG will be
focused on cost savings and preserving liquidity. Moody's also
expects that WME IMG will benefit from the increasing value of
original content worldwide after the impact of the coronavirus
subsides, as well as from revenue synergies as the organization
utilizes existing relationships within television, film, sports,
music, and advertising to grow the business.

The rapid and widening spread of the coronavirus outbreak,
deteriorating global economic outlook, falling oil prices, and
asset price declines are creating a severe and extensive credit
shock across many sectors, regions and markets. The combined credit
effects of these developments are unprecedented. The live
entertainment industry sector has been one of the sectors most
significantly affected by the shock given its sensitivity to
consumer demand and sentiment. More specifically, the weaknesses in
WME IMG's credit profile have left it vulnerable to shifts in
market sentiment in these unprecedented operating conditions and
WME IMG remains vulnerable to the outbreak continuing to spread.
Moody's regards the coronavirus outbreak as a social risk under its
ESG framework, given the substantial implications for public health
and safety. Its action reflects the impact on WME IMG of the
breadth and severity of the shock, and the broad deterioration in
credit quality it has triggered.

A governance consideration that Moody's considers in WME IMG's
credit profile is its aggressive financial policy. WME IMG has
maintained very high leverage levels and issued additional debt to
help fund acquisitions historically. WME IMG is a privately owned
company.

WME IMG is expected to have adequate liquidity due to cash on the
balance sheet ($145 million pro forma for the On Location
Experiences acquisition in January 2020) and a $200 million
revolver that matures in 2023, but the liquidity position is
projected to deteriorate until the impact of the coronavirus
subsides. Free cash flow was negative for LTM Q3 2019 and is
projected to decline further in the near term, but Moody's expects
WME IMG will be focused on preserving liquidity and will reduce
capex and operating expenses substantially. The revolver is subject
to a maximum leverage ratio covenant when greater than 35% of the
revolver is drawn, but the term loan is covenant lite. Moody's
expects that WME IMG would be able to obtain an amendment if
needed. The term loans and revolving credit facility have a secured
claim on the assets, although the company has other joint ventures
and minority ownerships that could be sold for additional liquidity
without disrupting the core business.

The negative outlook incorporates Moody's expectation of operating
losses and cash usage due to the coronavirus outbreak's impact on
WME IMG's business and the overall economy. The depth and duration
of the pandemic remain uncertain. Prolonged disruption of WME IMG's
business lines will weaken liquidity and increase leverage levels
substantially in the near term.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Given the negative outlook and uncertainty about when the different
business lines are able to operate as scheduled, an upgrade is
unlikely over the near term. A stable outlook could occur if live
events were able to occur as scheduled and leverage was projected
to be under 7x with an adequate liquidity position. Moody's would
consider an upgrade if leverage declined below 6.5x on a sustained
basis and free cash flow as a percentage of debt was in the
mid-single digits. Positive organic growth and confidence that the
private equity sponsor would pursue a financial policy in line with
a higher rating would also be required.

Moody's would downgrade WME IMG's ratings if there was ongoing cash
usage or poor operating performance that led to an elevated risk of
default or an expectation of a distressed debt exchange. Leverage
sustained above 8.5x, an EBITDA minus capex to interest ratio below
1x, or concern that WME IMG may not be able to obtain an amendment
if needed may also lead to a downgrade.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.

WME IMG, LLC (WME IMG) (d/b/a Endeavor) is a diversified global
company with operations in client representation, event operations,
distribution of media, sponsorship and licensing rights, as well as
marketing and other services. William Morris Endeavor
Entertainment, LLC bought IMG Worldwide Holdings, LLC in May 2014
for approximately $2.4 billion with equity financing from Silver
Lake Partners in the amount of $461 million. Reported revenue as of
LTM Q3 2019 was approximately $3.5 billion.


WOK HOLDINGS: Bank Debt Trades at 51% Discount
----------------------------------------------
Participations in a syndicated loan under which Wok Holdings Inc is
a borrower were trading in the secondary market around 49
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD430 million term loan is scheduled to mature on March 1,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


WP CPP: Bank Debt Trades at 31% Discount
----------------------------------------
Participations in a syndicated loan under which WP CPP Holdings LLC
is a borrower were trading in the secondary market around 69
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD276 million term loan is scheduled to mature on April 30,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


XPO LOGISTICS: S&P Rates New $750MM Senior Unsecured Notes 'BB-'
----------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue rating and '5' recovery
rating (10%-30% expected recovery in the event of a default;
rounded estimate: 10%) to the $750 million senior unsecured notes
that XPO Logistics Inc. intends to issue to supplement its
liquidity as the COVID-19 pandemic unfolds.

"While our 'BB-' issue rating and '5' recovery rating on the
company's existing senior unsecured notes are unchanged, we have
lowered our rounded estimate to 10% from 20% due to additional
secured debt related to the company's new secured bank and letter
of credit facility. All other ratings, including or 'BB' issuer
credit rating, are unchanged," S&P said.

"We no longer believe ratings could be impacted by a possible sale
or spin-off of one or more of the company's business units.  In
January, XPO announced its intent to review strategic alternatives
for its North American and European logistics and transportation
businesses. As a result, we placed our ratings on CreditWatch with
developing implications pending additional information regarding
the extent of any divestitures. However, due to recent market
volatility, the company has since announced that it has terminated
its strategic review. Therefore, we have removed our ratings from
CreditWatch," S&P said.

S&P's outlook is stable. Although it expects the company's business
to be weakened by the COVID-19 pandemic and lower global economic
growth, S&P believes the company's credit metrics will remain
consistent with the rating, with FFO to debt of around 20% and debt
to EBITDA in the high-3x area in 2020. S&P expects metrics to then
improve in 2021, as economic conditions improve, with FFO to debt
in the low-20% area and debt to EBITDA in the low-3x area.

"We could lower our ratings on XPO over the next 12 months if its
credit metrics weaken, with debt to EBITDA increasing above 4x and
FFO to debt falling below 20% on a sustained basis. We believe this
would most likely occur if the company experiences a
greater-than-expected impact from the coronavirus pandemic or
slower-than-expected improvement in freight volumes," S&P said.

"An upgrade over the next 12 months is unlikely since we believe
the company's share repurchases and acquisitive track record
preclude sustained deleveraging. However, we could consider raising
the rating if XPO changed its financial policy, and supported
improved credit metrics of debt to EBITDA below 3x and FFO to debt
above 30% on a sustained basis," the rating agency said.


YAK ACCESS: Bank Debt Trades at 31% Discount
--------------------------------------------
Participations in a syndicated loan under which Yak Access LLC is a
borrower were trading in the secondary market around 69
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD180 million term loan is scheduled to mature on July 11,
2026.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


YI LLC: Bank Debt Trades at 25% Discount
----------------------------------------
Participations in a syndicated loan under which YI LLC is a
borrower were trading in the secondary market around 75
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD270 million term loan is scheduled to mature on November 7,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


YRC WORLDWIDE: Bank Debt Trades at 16% Discount
-----------------------------------------------
Participations in a syndicated loan under which YRC Worldwide Inc
is a borrower were trading in the secondary market around 84
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD600 million term loan is scheduled to mature on June 30,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


ZEP INC: Bank Debt Trades at 30% Discount
-----------------------------------------
Participations in a syndicated loan under which Zep Inc is a
borrower were trading in the secondary market around 70
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD550 million term loan is scheduled to mature on August 11,
2024.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


ZEP INC: Bank Debt Trades at 55% Discount
-----------------------------------------
Participations in a syndicated loan under which Zep Inc is a
borrower were trading in the secondary market around 45
cents-on-the-dollar during the week ended Fri., April 24, 2020,
according to Bloomberg's Evaluated Pricing service data.

The USD175 million term loan is scheduled to mature on August 11,
2025.  As of April 24, 2020, the full amount has been drawn and is
outstanding.

The Company's country of domicile is U.S.


[^] BOOK REVIEW: The Sorcerer's Apprentice - Medical Miracles
-------------------------------------------------------------
Author:     Sallie Tisdale
Publisher:  BeardBooks
Softcover:  270 pages
List Price: $34.95

Order your own personal copy at http://is.gd/9SAfJR

An earlier edition of "The Sorcerer's Apprentice" won an American
Health Book Award in 1986. The book has been recognized as an
outstanding book on popular science. Tisdale brings to her subject
of the wide nd engrossing field of health and illness the
perspective, as well as the special sympathies and sensitivities,
of a registered nurse. She is an exceptionally skilled writer.
Again and again, her descriptions of ill individuals and images of
illnesses such as cancer and meningitis make a lasting impression.
Tisdale accomplishes the tricky business of bringing the reader to
an understanding of what persons experience when they are ill; and
in doing this, to understand more about the nature of illness as
well. Her style and aim as a writer are like that of a medical or
science journalist for leading major newspaper, say the "New York
Times" or "Los Angeles Times." To this informative, readable style
is added the probing interest and concern of the philosopher trying
to shed some light on one of the central and most unsettling
aspects of human existence. In this insightful, illuminating,
probing exploration of the mystery of illness, Tisdale also
outlines the limits of the effectiveness of treatments and cures,
even with modern medicine's store of technology and drugs. These
are often called "miracles" of modern medicine. But from this
author's perspective, with the most serious, life-threatening,
illnesses, doctors and other health-care professionals are like
sorcerer's trying to work magic on them. They hope to bring
improvement, but can never be sure what they do will bring it
about. Tisdale's intent is not to debunk modern medicine, belittle
its resources and ways, or suggest that the medical profession
holds out false hopes. Her intent is do report on the mystery of
serious illness as she has witnessed it and from this, imagined
what it is like in her varied work as a registered nurse. She also
writes from her own experiences in being chronically ill when she
was younger and the pain and surgery going with this.

She writes, "I want to get at the reasons for the strange state of
amnesia we in the health professions find ourselves in. I want to
find clues to my weird experiences, try to sense the nature of
being sick." The amnesia of health professionals is their state of
mind from the demands placed on them all the time by patients,
employers, and society, as well as themselves, to cure illness, to
save lives, to make sick people feel better. Doctors, surgeons,
nurses, and other health-care professionals become primarily
technicians applying the wonders of modern medicine. Because of the
volume of patients, they do not get to spend much time with any one
or a few of them. It's all they can do to apply the prescribed
treatment, apply more of it if it doesn't work the first time, and
try something else if this treatment doesn't seem to be effective.
Added to this is keeping up with the new medical studies and
treatments. But Tisdale stepped out of this problem-solving
outlook, can-do, perfectionist mentality by opting to spend most of
her time in nursing homes, where she would be among old persons she
would see regularly, away from the high-charged atmosphere of a
hospital with its "many medical students, technicians,
administrators, and insurance review artists." To stay on her
"medical toes," she balanced this with working occasional shifts in
a nearby hospital. In her hospital work, she worked in a neonatal
intensive care unit (NICU), intensive care unit (ICU), a burn
center, and in a surgery room. From this combination of work with
the infirm, ill, and the latest medical technology and procedures
among highly-skilled professionals, Tisdale learned that "being
sick is the strangest of states." This is not the lesson nearly all
other health-care workers come away with. For them, sick persons
are like something that has to be "fixed." They're focused on the
practical, physical matter of treating a malady. Unlike this
author, they're not focused consciously on the nature of pain and
what the patient is experiencing. The pragmatic, results-oriented
medical profession is focused on the effects of treatment. Tisdale
brings into the picture of health care and seriously-ill patients
all of what the medical profession in its amnesia, as she called
it, overlooks.

Simply in describing what she observes, Tisdale leads those in the
medical profession as well as other interested readers to see what
they normally overlook, what they normally do not see in the
business and pressures of their work. She describes the beginning
of a hip-replacement operation, the surgeon "takes the scalpel and
cuts -- the top of the hip to a third of the way down the thigh --
and cuts again through the globular yellow fat, and deeper. The
resident follows with a cautery, holding tiny spraying blood
vessels and burning them shut with an electric current. One small,
throbbing arteriole escapes, and his glasses and cheek are
splattered." One learns more about what is actually going on in an
operation from this and following passages than from seeing one of
those glimpses of operations commonly shown on TV. The author
explains the illness of meningitis, "The brain becomes swollen with
blood and tissue fluid, its entire surface layered with pus...The
pressure in the skull increases until the winding convolutions of
the brain are flattened out...The spreading infection and pressure
from the growing turbulent ocean sitting on top of the brain cause
permanent weakness and paralysis, blindness, deafness...." This
dramatic depiction of meningitis brings together medical facts,
symptoms, and effects on the patient. Tisdale does this repeatedly
to present illness and the persons whose lives revolve around it
from patients and relatives to doctors and nurses in a light
readers could never imagine, even those who are immersed in this
world.

Tisdale's main point is that the miracles of modern medicine do not
unquestionably end the miseries of illness, or even unquestionably
alleviate them. As much as they bring some relief to ill
individuals and sometimes cure illness, in many cases they bring on
other kinds of pains and sorrows. Tisdale reminds readers that the
mystery of illness does, and always will, elude the miracle of
medical technology, drugs, and practices. Part of the mystery of
the paradoxes of treatment and the elusiveness of restored health
for ill persons she focuses on is "simply the mystery of illness.
Erosion, obviously, is natural. Our bodies are essentially
entropic." This is what many persons, both among the public and
medical professionals, tend to forget. "The Sorcerer's Apprentice"
serves as a reminder that the faith and hope placed in modern
medicine need to be balanced with an awareness of the mystery of
illness which will always be a part of human life.


                            *********

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
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

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.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
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Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2020.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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                   *** End of Transmission ***