/raid1/www/Hosts/bankrupt/TCR_Public/200602.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, June 2, 2020, Vol. 24, No. 153

                            Headlines

220 52ND STREET: Has Until Sept. 17 to File Plan & Disclosures
305 EAST 61ST: Unsecureds to Get Paid from Creditor Trust Proceeds
AERIAL PARENT: S&P Alters Outlook to Negative, Affirms 'B-' ICR
ANA M GARZA: Unsecured Creditors to Have 100% Recovery Over 5 Years
ARCHDIOCESE OF NEW ORLEANS: Sher Represents LCMC Health, 2 Others

ASHBURN CITY: Moody's Affirms Ba1 Issuer Rating, Outlook Stable
ASM GLOBAL: S&P Downgrades ICR to 'B'; Outlook Negative
ASSUREDPARTNERS INC: S&P Rates New $300MM Term Loan 'B'
AUCTION.COM LLC: Moody's Alters Outlook on B3 CFR to Stable
AVIANCA HOLDINGS: Taps KCC as Claims & Noticing Agent

BCP RENAISSANCE: S&P Lowers ICR to 'B'; Outlook Stable
BEDSIDE ANGELS: Seeks to Hire Maxwell Dunn as Counsel
BELLEAIR RESERVE: Sale of Pinellas County Property to Sees Okayed
BEVERLY COMMUNITY HOSPITAL: S&P Cuts Revenue Bond Ratings to 'BB'
BIOLASE INC: Signs Loan Documents Under SBA Assistance Program

CAPSTONE PEDIATRICS: June 12 Auction of All Assets Set
CARITAS INVESTMENT: Seeks to Hire Neubert Pepe as Counsel
CARLSON TRAVEL: S&P Downgrades ICR to 'CCC'; Outlook Negative
CEDAR HAVEN: Needs More Time to Conclude Asset Sale, File Plan
CENTRIC BRANDS: Receives Nasdaq Delisting Notice Due to Chapter 11

CENTURY III MALL: June 4 Plan Confirmation Hearing Set
CHEFS' WAREHOUSE: Moody's Rates Amended 1st Lien Term Loan 'B2'
CHICK LUMBER $7.6K Sale of Kia Sorento to Rose Approved
CHICK LUMBER: $1K Sale of Intl 4300 WHT Van Approved
CHINOS HOLDINGS: Creditors' Committee Members Disclose Claims

CHINOS HOLDINGS: Hires Hilco as Real Estate Consultant
CHINOS HOLDINGS: J. Crew Gets Approval to Hire Goldin Associates
CHINOS HOLDINGS: J. Crew Hires Quinn Emanuel as Special Counsel
CHINOS HOLDINGS: Seeks to Hire Lazard Freres as Investment Banker
CHINOS HOLDINGS: Taps AlixPartners as Financial Advisor

CHINOS HOLDINGS: Taps Hunton Andrews as Co-Counsel
CHRISTOPHER G. COMBS: Unsecureds to Have 100% Recovery in 10 Years
CLAAR CELLARS: Exclusive Filing Period Extended to June 20
CLEAN ENERGY: Incurs $2.56 Million Net Loss in 2019
COLFAX CORP: S&P Downgrades ICR to 'BB', Outlook Negative

COMPASS POWER: S&P Affirms 'BB-' Debt Rating; Outlook Stable
DANCOR TRANSIT: $2.6M Sale of Dallas Property to JVM Approved
DIRECTORY DISTRIBUTING: Trustee Taps Epiq as Claims Agent
DIVERSIFIED HEALTHCARE: S&P Affirms 'BB' Issuer Credit Rating
DOMINION GROUP: Creditors Committee Objects to Plan Disclosures

DOVETAIL GALLERY: PA DOR Objects to Disclosure & Plan
DOVETAIL GALLERY: Pennsylvania L&I Objects to Disclosure & Plan
DOWNSTREAM DEVELOPMENT AUTHORITY: S&P Raises ICR to 'CCC'
DPW HOLDINGS: Issues $200,000 Convertible Promissory Note
DPW HOLDINGS: Posts $32.9 Million Net Loss in 2019

ENC HOLDING: Moody's Affirms B3 CFR & Cuts Sr. Sec. Rating to Caa1
ENERGY SAVING: June 23 Plan & Disclosure Hearing Set
EVOKE PHARMA: All Three Proposals Approved at Annual Meeting
FANSTEEL INC: Says Negotiations with Port Authority Still Ongoing
FOOTHILLS EXPLORATION: Designates 10M Series A Preferred Shares

GIGA TRONICS: Reports $2.03 Million Net Loss for 2019
GRANITE CITY: $120K Sale of Kendall Liquor License Approved
GREEN GROWTH: Commences Proceedings Under CCAA
GREGORY A. HALL: $170K Sale of Savannah Property to Whitefield OK'd
HAMPTON BAY: Unsecureds' Recovery Hiked to 19% in CC Foster Plan

HARTSHORNE HOLDINGS: Jackson Represents Minova, C.E. Martin
HERTZ CORP: Moody's Cuts PDR to D-PD on Chapter 11 Filing
HORNBECK OFFSHORE: Unsecured Creditors to Be Reinstated in Plan
IFS SECURITIES: Unsecureds to Have 8% to 36% Recovery in Plan
IMPRESSIONS IN CONCRETE: Plan Payment to be Funded by Future Income

INSPIRED CONCEPTS: June 23 Plan & Disclosure Hearing Set
INSPIRED CONCEPTS: Unsecureds Get 60% of Net Cash Flow for 5 Years
J. HILBURN INC: TAG to Sponsor up to $7M to Fund Plan Payments
JAGUAR HEALTH: Crofelemer to be Tested Against 5 Different Viruses
JAN THOMAS: $450K Sale of Dewey Beach Property to Schieck Denied

JOSEPH A. BRENNICK: June 30 Auction Sale of 8 Properties Approved
KENDALL FROZEN: Unsecureds to Split $500K in Trustee's Plan
KIDS TOWN DAY: June 25 Plan & Disclosure Hearing Set
LEVEL SOLAR: Project Funds Object to Trustee, Pell-QED's Disclosure
LIBBEY GLASS: Case Summary & 30 Largest Unsecured Creditors

LONGVIEW POWER: Faegre Drinker Updates Holdings of Term Lenders
M M & D HARVESTING: Proposes June 5 Auction of Personal Property
MAGNOLIA LANE: Seeks to Hire Kapila Mukamal as Accountant
MEN'S WEARHOUSE: Moody's Cuts CFR to Caa2, Outlook Negative
MOHAJER12 CORP: PNC Bank Objects to Disclosure Statement

MURRAY METALLURGICAL: Bay Point Objects to Amended Disclosure
MURRAY METALLURGICAL: Unsecureds Won't Get Anything in Amended Plan
NEW HOPE: Case Summary & 20 Largest Unsecured Creditors
NEW SCHOOL OF COOKING: Needs More Time to Formulate Exit Plan
NEWSTREAM HOTEL: Seeks to Hire Pronske & Kathman as Legal Counsel

NEWSTREAM HOTEL: Seeks to Hire Scheef & Stone as Special Counsel
NOVABAY PHARMACEUTICALS: All 3 Proposals Approved at Annual Meeting
OPTION CARE: Stockholders Elect 10 Directors
OUTDOOR BY DESIGN: Case Summary & 20 Largest Unsecured Creditors
OUTLOOK THERAPEUTICS: To Raise $16M Through Private Placement

PARKING MANAGEMENT: Magruder Cook Represents Landlords
PC 12 INC: June 11 Plan Confirmation Hearing Set
PINNACLE REGIONAL: Trustee Taps Arnett Carbis as Accountant
POET TECHNOLOGIES: Posts $3.5 Million Net Loss in First Quarter
PRINTEX INC: Has Until June 26 to File Plan & Disclosures

PROGISTIC CARRIERS: Plan & Disclosure Hearing Reset to June 17
PROPULSION ACQUISITION: S&P Lowers ICR to CCC+; Outlook Negative
PURE FISHING: S&P Downgrades ICR to 'CCC+' on Revised Base Case
R&F GROUP: Seeks to Hire Harry P. Long as Co-Counsel
REMARK HOLDINGS: Incurs $25.6 Million Net Loss in 2019

REWALK ROBOTICS: Incurs $3.84 Million Net Loss in First Quarter
RUBIE'S COSTUME: Taps KCC as Claims Agent
SADDY FAMILY: $79K Sale of Seaside Heights Property to Miterkos OKd
SD-CHARLOTTE LLC: July 10 Auction of All RTHT's MOD Assets
SHATTUCK-ST. MARY'S SCHOOL: S&P Lowers Revenue Bond Rating to 'BB'

SIERRA ENTERPRISES: Moody's Alters Outlook on B2 CFR to Negative
SIMBECK INC: Taps Haines Greene as Accountant
SM-T.E.H. REALTY: Sale Notice on Sale of All Assets Approved
SMT RE HOLDING: June 24 Plan & Disclosure Hearing Set
STAGE STORES: Hoffman Represents Pollock Investments, 2 Others

SUNOPTA INC: S&P Upgrades ICR to 'CCC+'; Outlook Stable
TA ESTATE: June 23 Disclosure Statement Hearing Set
TEMPLAR ENERGY: Case Summary & 30 Largest Unsecured Creditors
TEXAS CAPITAL: S&P Affirms 'BB+' ICR After Termination of Merger
THUNDERBOLT AIRCRAFT: S&P Keeps BB Rating on C Notes on Watch Neg.

TODD A. MEAGHER: Sale of IP Rights Denied Without Prejudice
TRAVERSE MIDSTREAM: S&P Downgrades ICR to 'B' on Counterparty Risk
TRIUMPH GROUP: Incurs $28.1 Million Net Loss in FY 2019
TRUDY'S TEXAS: Seeks to Hire a Financial Advisor
TRUDY'S TEXAS: Seeks to Hire Pharr Bounds as Accountant

TRUDY'S TEXAS: Texas Tax Group as Sales Tax Consultant
ULTRA PETROLEUM: Haynes, Strook Represent Term Lender Group
V.S. INVESTMENT: Case Summary & 20 Largest Unsecured Creditors
VISION GROUP: Files Voluntary Chapter 11 Bankruptcy Petition
YAK ACCESS: Moody's Cuts CFR to B3, Outlook Stable

YRC WORLDWIDE: S&P Downgrades ICR to 'CCC'; Outlook Negative
[*] Bankruptcies Increase as Pandemic Squeezes Cash
[^] Large Companies with Insolvent Balance Sheet

                            *********

220 52ND STREET: Has Until Sept. 17 to File Plan & Disclosures
--------------------------------------------------------------
Judge Elizabeth S. Stong of the U.S. Bankruptcy Court for the
Eastern District of New York within which the time period for
Debtor 220 52nd Street, LLC, to file a chapter 11 plan of
reorganization and Disclosure statement is extended to and
including Sept. 17, 2020.

A copy of the order dated May 8, 2020, is available at
https://tinyurl.com/ydcb9982 from PacerMonitor at no charge.

                   About 220 52nd Street LLC

220 52nd Street, LLC, owns four real estate properties in Staten
Island, New York; Adelanto, California; and Desert Hot Springs,
California having a total current value of $4.76 million.

220 52nd Street, LLC, based in Staten Island, NY, filed a Chapter
11 petition (Bankr. E.D.N.Y. Case No. 19-44646) on July 30, 2019.
In the petition signed by Ruslan Agarunov, president, the Debtor
disclosed $4,760,124 in assets and $3,705,011 in liabilities.  The
Hon. Elizabeth S. Stong oversees the case.  Alla Kachan, Esq., at
the Law Offices of Alla Kachan, P.C., serves as bankruptcy counsel
to the Debtor.


305 EAST 61ST: Unsecureds to Get Paid from Creditor Trust Proceeds
------------------------------------------------------------------
Kenneth P. Silverman, the Chapter 11 Trustee of 305 East 61st
Street Group, LLC, filed with the U.S. Bankruptcy Court for the
Southern District of New York a Disclosure Statement for the Plan
of Liquidation dated May 12, 2020.

The Plan provides for the Sale of the Real Property, subject to
approval by the Bankruptcy Court. The proceeds of the Sale will be
used to satisfy all Allowed Secured, Administrative, and Priority
Tax Claims. The Plan further provides for the liquidation of all of
the Debtor’s remaining assets, including Causes of Action, by the
Creditor Trust. The Creditor Trust Proceeds will be used to make
all distributions pursuant to the terms of the Plan, including
distributions to Unsecured Creditors.

Class 4 consists of all Liquidated General Unsecured Claims against
the Debtor. Holders of Allowed Liquidated General Unsecured Claims
will receive, in full and final satisfaction, settlement, and
discharge and in exchange for each Allowed Liquidated General
Unsecured Claim, an initial distribution of their Pro Rata Share of
Creditor Trust Proceeds after payment of the Allowed Claims in
Classes 1, 2, and 3, and after the Creditor Trustee reserves an
appropriate amount for the Holders of Unliquidated General
Unsecured Claims. In addition, after full and final resolution of
all Unliquidated General Unsecured Claims, the Holders of Allowed
Liquidated General Unsecured Claims will receive a Pro Rata Share
of any remaining Creditor Trust Proceeds.

Class 5 consists of all Unliquidated General Unsecured Claims
against the Debtor.  Holders of Unliquidated General Unsecured
Claims will be treated as Disputed Claims.  No Holder of an
Unliquidated General Unsecured Claim will receive any distribution
until and unless the Holder's Claim becomes an Allowed Claim under
the Plan.  At such time, the Holder of an Allowed Claim in this
class will receive its Pro Rata Share of Creditor Trust Proceeds
after payment of the Allowed Claims in Classes 1, 2, and 3, and
after the initial distribution to Holders of Allowed Liquidated
General Unsecured Claims in Class 4.

Class 6 consists of all Interests in the Debtor. To the extent that
any Creditor Trust Proceeds are available after full payment of all
statutory fees, Administrative Claims, Priority Tax Claims, and
Claims in Classes 1, 2, 3, 4 and 5, the Holders of Class 6
Interests shall receive the remaining funds through their
membership interests of the Debtor.

The payments due under the Plan will be paid from the Net Sale
Proceeds and the Creditor Trust Proceeds.  The payment due under
the Plan the Holders of Class 1, Class 2, and Class 3 Claims will
be paid from the Net Sale Proceeds at the closing of the Sale, to
be approved by the Bankruptcy Court pursuant to Sec. 363 of the
Bankruptcy Code.  The sale will be consummated free and clear of
Liens, Claims and Encumbrances pursuant to Sec. 363(f), with all
Liens, Claims and Encumbrances to attach to the Net Sale Proceeds,
subject to the terms and conditions set forth in the Settlement
Agreement and the Settlement Approval Order.  The remaining
payments due under the Plan to Holders of Claims in Classes 4, 5
and 6 will paid from the Creditor Trust Proceeds.

On the Effective Date, the Debtor will transfer to the Creditor
Trust all of its rights, titles, and interests in and to the
Creditor Trust Assets, including, without limitation, all Avoidance
Actions and Causes of Action.

The Creditor Trust will be established for the sole purpose of
liquidating the Creditor Trust Assets and distributing the proceeds
thereof.

A full-text copy of the Trustee's Liquidating Plan dated May 12,
2020, is available at https://tinyurl.com/ydx3l5vn from
PacerMonitor at no charge.

Attorneys for Kenneth P. Silverman, Esq.:

         SILVERMANACAMPORA LLP
         100 Jericho Quadrangle, Suite 300
         Jericho, New York 11753
         Tel: (516) 479-6300
         Ronald J. Friedman
         Brian Powers
         Haley L. Trust

                About 305 East 61st Street Group

Based in New York, 305 East 61st Street Group LLC, a Single Asset
Real Estate (as defined in 11 U.S.C. Section 101(51B)), filed a
voluntary Chapter 11 petition (Bankr. S.D.N.Y. Case No. 19-11911)
on June 10, 2019. At the time of filing, the Debtor was estimated
to have assets and debt of $10 million to $50 million.  The case is
assigned to Hon. Sean H. Lane. The Debtor's counsel is Robert J.
Spence, Esq., at Spence Law Office, P.C., in Roslyn, New York.  The
Debtor's accountant is Singer & Falk.


AERIAL PARENT: S&P Alters Outlook to Negative, Affirms 'B-' ICR
---------------------------------------------------------------
S&P Global Ratings revised its outlook on Aerial Parent Corp.'s
(doing business as Neustar) to negative from stable and affirmed
all of its ratings on the company, including its 'B-' issuer credit
rating.

The negative outlook reflects S&P's expectation for lower revenue
and cash flow this year due to weaker operating trends and
higher-than-anticipated restructuring expense, which will cause
Neustar's leverage to remain elevated. The company's weaker
operating performance reflects the non-renewal of a caller ID
contract combined with lower workflow processing and order
management revenue from carriers in its communications business. At
the same time, customer losses in Neustar's security segment have
been elevated following its purchase of Verisign's Domain Name
System (DNS) and distributed denial of service (DDoS) security
business in 2018. Therefore, S&P has lowered its base-case
expectations for the company's operating and financial performance
in 2020 and now expect its adjusted debt to EBITDA to decline to
the mid-8x area in 2020 from over 10x in 2019. This compares with
S&P's previous expectation that its leverage would decline to about
7x this year.

Neustar's revenue from its communications and security businesses
declined by 9% and 4%, respectively, during the first quarter of
2020. In addition, the company's first-quarter bookings dropped by
36% due to economic and business uncertainty stemming from the
coronavirus pandemic, which led S&P to temper its expectations for
new business growth over the near term. In addition, its
restructuring expenses (including integration and other
non-recurring costs) were elevated during the first quarter, partly
due to costs associated with the agreement to sell its registry
business to Go Daddy Operating Co. LLC and the rationalization of
its real estate facilities. Neustar's business transformation has
involved sizable restructuring expenses over the past year, which
have caused its leverage to remain elevated. It had previously
expected these costs to decline by about 50% in 2020 and support a
significant improvement in the company's leverage.

"We believe that Neustar has absorbed the majority of the contract
losses caused by the migration of Versign's security services
customers to its platform. Following its acquisition of Versign's
customer contracts in 2018, performance of the company's security
business has been pressured by contract losses from acquired
customers that opted not to transition to Neustar's platform. While
the loss of these contracts will reduce revenue from its security
services this year, we believe the risk for continued churn is low
given the company's typically high customer retention rates," S&P
said.

"We are uncertain what effect Neustar's sale of its registry
business will have on its leverage profile. Neustar entered into an
agreement to sell its registry business to GoDaddy for
approximately $218 million. At this point, it is uncertain how the
transaction will effect the company's leverage profile because we
have limited insight into the EBITDA contribution it previously
received from the registry business and how it intends to use the
sale proceeds. That said, we believe Neustar will likely use some
of the proceeds to repay debt, which could offset the lost EBITDA.
We expect the transaction to close during the third quarter of
2020," the rating agency said.

Revenue growth could remain muted for an extended period if the
company's bookings do not recover from the steep decline caused by
COVID-19. Neustar's overall bookings declined by 36% in the first
quarter of 2020 as the economic uncertainty caused by the pandemic
led to delays in the signing of new business deals. The volume of
bookings in the company's marketing and risk businesses, which are
areas where it has reported higher growth, declined by 64% and 41%,
respectively, during the first quarter of 2020. That said, the
effect of lower bookings on Neustar's revenue growth is being
partly offset by its improved customer retention and high recurring
revenue base.

"We currently expect the company's bookings to improve over the
second half of the year as economic conditions improve and
businesses regain their footing. However, if the weakness in its
bookings continues, its revenue growth may be weaker than we
currently expect over the next couple of years," S&P said.

S&P acknowledges a high degree of uncertainty about the rate of
spread and peak of the coronavirus outbreak. Some government
authorities estimate the pandemic will peak about midyear, and S&P
is using this assumption in assessing the economic and credit
implications. It believes the measures adopted to contain COVID-19
have pushed the global economy into recession. As the situation
evolves, S&P will update its assumptions and estimates
accordingly.

S&P still believes that the favorable industry trends for marketing
and risk solutions will support revenue growth in the low- to
mid-single-digit percent area over the longer term. Neustar's
long-term growth prospects are supported by the proliferation of
consumer data, the growth of e-commerce, and the rise in fraudulent
activity, which are key focus areas for its business customers. S&P
expects the growth in these areas to more than offset the weaker
performance of the company's communications business.

The negative outlook reflects the weaker operating trends that are
reducing Neustar's revenue and cash flow and hindering its ability
to reduce its leverage. Additionally, the negative outlook
incorporates S&P's view that the company's capital structure may
not be sustainable over the long term.

"We could lower our rating on Neustar if changing customer needs
lead to reduced demand for its services, higher churn, or pricing
pressure or if elevated competition causes it to lose a significant
contract such that its free operating cash flow (FOCF) and
liquidity decline sharply. We could also lower the rating if the
company's financial commitments appear unsustainable over the long
term," S&P said.

"We could revise our outlook to stable if the company accelerated
the growth of its marketing and risk businesses, which helped to
stabilize its top line. A stable outlook would also require a
significant reduction in restructuring costs and certainty that the
sale of registry business does not result in materially higher
leverage. Although unlikely in the near term, we could raise our
rating on Neustar if it increases its top line revenue and expands
its margins above 30% while reducing its leverage comfortably below
6x. Given its private-equity ownership, we would require Neustar's
owners to maintain financial policies that allow the company to
sustain leverage of comfortably below 6x before raising our
rating," the rating agency said.


ANA M GARZA: Unsecured Creditors to Have 100% Recovery Over 5 Years
-------------------------------------------------------------------
Ana M Garza, Inc., filed an Amended Disclosure Statement for
Amended Plan of Reorganization dated May 14, 2020.

General unsecured creditors are classified in Class 3B and will
receive a distribution of approximately 100% of their allowed
claims, to be distributed quarterly after the Effective Date on a
pro rata basis from the unsecured creditor pool.  The Plan does not
impact the personal guarantee obligations of the Debtor's
principal's unless otherwise stated.

Unsecured Creditors holding allowed claims will receive
distributions of $706,244, which sum is to be paid quarterly over a
five-year period.  This Plan also provides for the payment of
administrative and priority claims.

Class 3B non-priority unsecured claims will be paid by Reorganized
Debtor from an unsecured creditor pool, which pool will be funded
at the rate of $11,770.74 per month.  Payments from the unsecured
creditor pool will be paid quarterly, for a period not to exceed
five years (20 quarterly payments).

Class 4 consists of the holders of allowed interests in the Debtor.
Interest holders will retain their respective interests in the
Reorganized Debtor.

The Plan provides for a distribution to Creditors in accordance
with the terms of the Plan from the Debtors over the course of five
years from the Debtors' continued business operations.

A full-text copy of the Amended Disclosure Statement dated May 14,
2020, is available at https://tinyurl.com/y9evqhp6 from
PacerMonitor at no charge.

The Debtor is represented by:

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

                     About Ana M Garza Inc.

Based in Garland, Texas, Ana M Garza, Inc. filed a voluntary
petition under Chapter 11 of the United States Bankruptcy Code
(Bankr. N.D. Tex. Case No. 19-33677) on Nov 3, 2019, listing under
$1 million in both assets and liabilities.  Robert Thomas DeMarco,
Esq., at DEMARCO MITCHELL, PLLC, represents the Debtor.


ARCHDIOCESE OF NEW ORLEANS: Sher Represents LCMC Health, 2 Others
-----------------------------------------------------------------
In the Chapter 11 cases of The Roman Catholic Church of the
Archdiocese of New Orleans, the law firm of Sher Garner Cahill
Richter Klein & Hilbert, L.L.C. submitted a verified statement
under Rule 2019 of the Federal Rules of Bankruptcy Procedure, to
disclose that it is representing CDC #19-11521 Plaintiffs, The LCMC
Health Entities, and L.M.

In connection with Archdiocese's bankruptcy case, Sher Garner was
retained to represent Jane Doe and John Doe, plaintiffs in the
prepetition suit filed in Orleans Parish Civil District Court Case
No. 2019-11521; LCMC Health; Louisiana Children's Medical Center;
Children's Hospital of New Orleans; Touro Infirmary; and West
Jefferson Holdings, LLC; and certain putative plaintiff in
forthcoming litigation.

Sher Garner only represents creditors in the Archdiocese's
bankruptcy case.

The CDC #19-11521 Plaintiffs, the LCMC Health Entities, and L.M.
are the only creditors or other parties in interest in the
Archdiocese's bankruptcy for which Sher Garner is required to file
a Verified Statement pursuant to Federal Rule of Bankruptcy
Procedure 2019.

As of May 29, 2020, the creditors and their disclosable economic
interests are:

CDC #19-11521 Plaintiffs' counsel name and address:

     Gerald E. Meunier
     Brittany R. Wolf-Freedman
     Gainsburgh, Benjamin, David Meunier, & Warshauer, L.L.C.
     2800 Energy Centre
     1100 Poydras St.
     New Orleans, Louisiana 70163-2800

LCMC Health Entities names and addresses:

     LCMC Health
     Louisiana Children's Medical Center
     Children's Hospital of New Orleans; Touro Infirmary, and
     West Jefferson Holdings, LLC
     200 Henry Clay Avenue
     New Orleans, LA 70118

L.M.

     Ryan O. Luminais
     Sher Garner Cahill Richter Klein & Hilbert, L.L.C.
     909 Poydras Street, Suite 2800
     New Orleans, Louisiana 70112-4046

The nature of the CDC #19-11521 Plaintiffs'; LCMC Health Entities';
and L.M.'s economic interests held in relation to the Archdiocese
are as creditors, with the amount of each entities' claim to be
determined.

Nothing contained in this Verified Statement is intended or shall
be construed to constitute (i) a waiver or release of the rights of
the CDC #19-11521 Plaintiffs, the LCMC Health Entities, and L.M. to
have any final order entered by, or other exercise of the judicial
power of the United States performed by, an Article III court; (ii)
a waiver or release of the rights of the CDC #19-11521 Plaintiffs,
the LCMC Health Entities, and L.M. to have any and all final orders
in any and all non-core matters entered only after de novo review
by a United States District Judge; (iii) consent to the
jurisdiction of the Court over any matter; (iv) an election of
remedy; (v) a waiver or release of any rights the CDC #19-11521
Plaintiffs, the LCMC Health Entities, and L.M. may have to a jury
trial; (vi) a waiver or release of the right to move to withdraw
the reference with respect to any matter or proceeding that may be
commenced in the bankruptcy case against or otherwise involving the
CDC #19-11521 Plaintiffs, the LCMC Health Entities, and L.M.; or
(vii) a waiver or release of any other rights, claims, actions,
defenses, setoffs or recoupments to which the CDC #19-11521
Plaintiffs, the LCMC Health Entities, and L.M. may be entitled, in
law or in equity, under any agreement or otherwise, with all of
which rights, claims, actions, defenses, setoffs or recoupments
being expressly reserved.

Sher Garner reserves the right to amend or supplement this Verified
Statement in accordance with the requirements of Bankruptcy Rule
2019.

Counsel for CDC #19-11521 Plaintiffs, The LCMC Health Entities, and
L.M. can be reached at:

          James M. Garner, Esq.
          Elwood F. Cahill, Jr., Esq.
          Thomas J. Madigan, Ii, Esq.
          Ryan O. Luminais, Esq.
          Amelia L. Hurt, Esq.
          SHER GARNER CAHILL RICHTER
          KLEIN & HILBERT, L.L.C.
          909 Poydras Street, Suite 2800
          New Orleans, LA 70112-4046
          Telephone: (504) 299-2100
          Facsimile: (504) 299-2300
          Email: jgarner@shergarner.com
                 ecahill@shergarner.com
                 tmadigan@shergarner.com
                 rluminais@shergarner.com
                 ahurt@shergarner.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/eHZ4rn

               About the Archdiocese of New Orleans

The Roman Catholic Church of the Archdiocese of New Orleans --
https://www.nolacatholic.org/ -- is a non-profit religious
corporation incorporated under the laws of the State of Louisiana.

Created as a diocese in 1793, and established as an archdiocese in
1850, the Archdiocese of New Orleans has educated hundreds of
thousands in its schools, provided religious services to its
churches and provided charitable assistance to individuals in need,
including those affected by hurricanes, floods, natural disasters,
war, civil unrest, plagues, epidemics, and illness.  Currently, the
archdiocese's geographic footprint occupies over 4,200 square miles
in southeast Louisiana and includes eight civil parishes --
Jefferson, Orleans, Plaquemines, St.  Bernard, St. Charles, St.
John the Baptist, St. Tammany, and Washington.

The Roman Catholic Church for the Archdiocese of New Orleans sought
Chapter 11 protection (Bankr. E.D. La. Case No. 20-10846) on May 1,
2020.

The archdiocese was estimated to have $100 million to $500 million
in assets and liabilities as of the bankruptcy filing.

The Hon. Meredith S. Grabill is the case judge.

Jones Walker LLP, led by Mark A. Mintz, R. Patrick Vance, Elizabeth
J. Futrell, and Laura F. Ashley, serves as counsel to the
archdiocese.  Donlin, Recano & Company, Inc., is the claims agent.


ASHBURN CITY: Moody's Affirms Ba1 Issuer Rating, Outlook Stable
---------------------------------------------------------------
Moody's Investors Service has affirmed the Ba1 issuer rating for
the City of Ashburn, GA. The outlook remains stable.

RATINGS RATIONALE

The Ba1 issuer rating reflects the city's very limited financial
position, resulting from several years of operating deficits which
only recently turned positive, and fiscal challenges facing the
city, including a volatile revenue structure and narrow budget,
which limits operating flexibility. Additionally, the tax base is
very small and has experienced declines in recent years, a trend
that is likely to continue. Resident income and wealth levels are
weak, further reducing the city's practical ability to raise taxes
and fees, despite legal ability to do so. Lastly, the rating
incorporates the city's low fixed costs.

Moody's regards the coronavirus outbreak as a social risk under its
ESG framework, given the substantial implications for public health
and safety. The coronavirus crisis is not a key driver for this
rating action. Moody's does not see any material immediate credit
risks for the City of Ashburn. However, the situation surrounding
coronavirus is rapidly evolving and the longer-term impact will
depend on both the severity and duration of the crisis. It should
be noted that the State of Georgia reopened its economy in mid-May
in an effort to minimize the economic impact of coronavirus. If its
view of the credit quality of the City of Ashburn changes, Moody's
will update the rating and/or outlook at that time.

RATING OUTLOOK

The stable outlook reflects its expectation that the city's
financial position will remain chronically thin given management's
difficulty in balancing its operations and the city's modest cash
position. Still, the city's minimal amount of debt and low fixed
costs provide it with some degree of operating flexibility to
address these challenges.

LEGAL SECURITY

The issuer rating is based on the implied general obligation
unlimited tax pledge of the city

PROFILE

Ashburn is located in Turner County and is approximately 80 miles
south of Macon. As of 2018, the city's population was 3,691.

FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATING

  - Strengthened financial position

  - Diversification of revenue streams

  - Tax base expansion coupled with improved demographics

FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATING

  - Continued financial deterioration

  - Declines in the tax base

  - Significant increase in capital needs

METHODOLOGY

The principal methodology used in this rating was US Local
Government General Obligation Debt published in September 2019.


ASM GLOBAL: S&P Downgrades ICR to 'B'; Outlook Negative
-------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on ASM Global
Parent Inc. by one notch to 'B' from 'B+' because the rating agency
currently expects that an extended disruption to the company's live
events business will cause its leverage to remain above the rating
agency's 6.5x downgrade threshold for the previous rating through
2021.

At the same time, S&P is lowering its issue-level rating on the
company's senior secured credit facility, which comprises a $96
million revolving credit facility and a $598 million outstanding
first-lien term loan, by one notch to 'B+' from 'BB-'.

S&P is downgrading ASM because it currently expects the extended
disruption to the company's live events business to cause its
leverage to remain above the rating agency's 6.5x downgrade
threshold at the previous rating through 2021.  Due to the
restrictions on large gatherings across the U.S. and Europe, the
live events held at ASM's managed venues have been shut down since
mid-March. Although the company continues to receive substantial
fees in its managed accounts, it is also incurring losses on its
profit and loss (P&L) accounts and is burning cash. The pandemic is
having less of an effect on ASM's managed accounts because it is
still receiving the base fees that comprise the majority of its
revenue in this segment. The company derives the revenue in its P&L
accounts primarily from events, although ASM typically captures
more of the upside from these events than with its managed accounts
and is currently bearing a greater share of the losses. The company
continue to somewhat offset the losses on its P&L accounts with
non-event, contractually obligated income such as sponsorships and
naming rights. Under its base-case scenario, which assumes a
recovery occurring later this year and that ASM is required to
implement social distancing measures at the company's venues
(leading to limited capacity and other constraints), S&P believes
the company's variable cost structure would lead its P&L accounts
to become profitable over time. However, S&P expects the company's
revenue and cash flow to be significantly lower in 2021 relative to
the pro forma levels it achieved in 2019.

S&P expects that ASM's leverage will likely spike to very high
levels in 2020, though the rating agency expects the company's
leverage to begin improving in the second half of this year and
decline below the rating agency's 7.5x downgrade threshold in 2021.
The recovery in live events could be slow due to extended social
distancing measures, lingering consumer apprehensions around
crowded public spaces, or a decline in consumer discretionary
spending due to the recession. Additionally, although governments
in many parts of the world are begging to loosen their
restrictions, a second wave of the pandemic occurring later in 2020
or 2021 could be a substantial impediment to the company's
recovery. If ASM's debt to EBITDA is weak against the downgrade
threshold but its free operating cash flow to debt is otherwise
good for the rating (in the 5%-10% range), S&P could potentially
tolerate leverage that is temporarily elevated above 7.5x.

"We anticipate that ASM has adequate liquidity to weather a
prolonged shutdown.  We believe the company currently has about
$110 million of cash at the corporate level with $95 million drawn
on its $96 million revolving credit facility. We believe that ASM
will burn mid-single digit millions of dollars per month while the
venues are closed. Therefore, we expect the company to undertake
all possible liquidity preserving actions, which have so far
included deferring capital expenditure (capex) and reducing its
payroll," S&P said.

ASM has a leading market positon in the outsourced venue management
business.  ASM is the largest venue management company in the world
(with over 300 managed venues in 21 different countries) and
provides a full range of services, including event booking,
staffing, and human resources, facility maintenance, food and
beverage, sponsorship sales, and financial management. The
company's portfolio of premier properties includes convention
centers, stadiums, arenas, theatres, and performing arts centers.
The diversity of ASM's portfolio may make it more resilient to
regional economic challenges or changes in the demand for specific
venue categories or forms of entertainment. Despite the increased
resilience provided by its diversity, the company could still be
vulnerable to an economic downturn, particularly if the level of
U.S. discretionary leisure or business spending declines.

ASM's long-term contracts typically generate recurring cash flows.
ASM's contracts typically take two forms: managed accounts and P&L
accounts. Under its managed accounts contracts, which represented
about 50% of its pro forma 2019 EBITDA, ASM assumes limited event
risk and receives fixed fees, fixed fees plus incentives or
variable fees depending on the contract terms. Under its P&L
contract, which also accounted for about 50% of its pro forma 2019
EBITDA, ASM bears the risk and reward of leasing and operating the
facilities. The company has demonstrated the resilience of its
revenue model over multiple economic cycles and S&P attributes this
to the essential nature of the services the company provides to its
venue owners. ASM's competitive advantage also stems from the
barriers to entry in the municipal request-for-proposal process,
which relies heavily on bidder expertise, familiarity with the
municipality based on prior ancillary contract relationships, and
the quality of the bidder's customer portfolio. Contracts that
accounted for about 70% of ASM's pro forma 2019 EBITDA will remain
in place until at least 2024.

Additionally, the company has demonstrated a 93% contract renewal
rate over the past five years. However, ASM is vulnerable to the
risk that it will be unable to renew one or more of its most
lucrative contracts, though S&P believes this risk is tempered by
the long average remaining life of its current contract base, its
high historical success rate in renewing contracts, and the high
switching costs that discourage venue owners from changing
management. The company's contract renewal rates could improve
going forward as its recent merger eliminated a major competitor.
These positive considerations are partly offset by ASM's small cash
flow base compared with those of the many larger leisure companies
S&P rates and its profit concentration in certain key contracts.

Environmental, social, and governance (ESG) credit factors for this
credit rating change:

-- Health and safety

The extent and duration of the coronavirus' effects on live events
and ASM's operating performance remain highly uncertain. The
negative outlook reflects the possibility that the company's
revenue, EBITDA, and cash flow may recover more slowly than S&P
assumes in its current base-case scenario such that the company
sustains leverage exceeding the rating agency's 7.5x downgrade
threshold for the current rating.

"We could lower our rating on ASM if the live events business
remains distressed into 2021 such that it sustains adjusted
leverage of more than 7.5x through 2021 and a free operating cash
flow-to-debt ratio of less than 5%. While less likely, we could
also lower our ratings on the company if we believe its liquidity
is less than adequate or anticipate that the effects of the
pandemic and related social distancing measures will impair the
live entertainment business over the long term," S&P said.

"It is unlikely that we will revise our outlook on ASM to stable
for the duration of the pandemic due to the disruption to its live
events business. We would likely raise our rating on the company if
we believe that it will sustain leverage of less than 6.5x," the
rating agency said.


ASSUREDPARTNERS INC: S&P Rates New $300MM Term Loan 'B'
--------------------------------------------------------
S&P Global Ratings said it assigned its 'B' debt rating to Lake
Mary, Fla.-based insurance broker AssuredPartners Inc.'s proposed
$300 million term loan due 2027. S&P also assigned a '3' recovery
rating, indicating its expectation of meaningful recovery (55%) in
the event of payment default.

S&P rates the existing first-lien term loan 'B', with a recovery
rating of '3' (55%). Additionally, S&P rates AssuredPartners'
senior notes due 2025 and 2027 'CCC+' with a recovery rating of
'6', which indicates its expectation for negligible recovery (0%)
in the event of a default.

The rating agency expects the new financing to have identical terms
to the company's existing term loan and for AssuredPartners to use
a portion of the proceeds to bolster liquidity amid heightened
sector uncertainty from COVID-19-related business disruption. The
company will use remaining proceeds to repay borrowings on the
revolving credit facility, fund acquisitions, and pay related fees
and expenses. Inclusive of this $300 million issuance, pro forma
financial leverage is 8.1x (8.4x including preferred treated as
debt), with EBITDA interest coverage above 2.0x.

AssuredPartners continued to perform well in the last year, with
organic growth of 2.9% and S&P Global Ratings-adjusted margins of
29.6% for the 12 months ended March 31, 2020. Amid the coronavirus
pandemic and economic downturn, S&P's base-case forecast is for
AssuredPartners to experience flat organic revenue growth and
relatively steady margins through 2020, aided somewhat by continued
insurance pricing momentum and relatively low exposure to
geographies and sectors most affected by COVID-19.

In addition, the company continues to move forward with a robust
pipeline of mergers and acquisitions, with over $30 million in
EBITDA and $100 million in revenue acquired in the first quarter
alone. S&P's expectation is for 2020 acquisitive growth to be very
similar to 2019 levels, when the company completed over 60
acquisitions, representing close to $200 million of revenues and
$62 million of EBITDA.

"We forecast S&P Global Ratings-adjusted pro forma leverage to
remain around 8.0x through 2020. However, if the company is unable
to deliver per current base-case expectations and instead
experiences organic revenue contraction combined with flat to
declining EBITDA margins, resulting in leverage sustained above
8.0x through 2020, we will look to revisit our stable outlook on
AssuredPartners," the rating agency said.


AUCTION.COM LLC: Moody's Alters Outlook on B3 CFR to Stable
-----------------------------------------------------------
Moody's Investors Service affirmed Auction.com, LLC's ratings,
including its B3 Corporate Family Rating, and changed the outlook
to stable from positive.

Moody's took the following rating actions:

Affirmations:

Issuer: Auction.com, LLC

Probability of Default Rating, Affirmed at B3-PD

Corporate Family Rating, Affirmed at B3

Senior Secured First Lien Revolving Credit Facility, Affirmed at B2
(LGD3)

Senior Secured First Lien Term Loan, Affirmed at B2 (LGD3)

Senior Secured Second Lien Term Loan, Affirmed at Caa2 (LGD6)

Outlook Actions:

Issuer: Auction.com, LLC

Outlook, Changed To Stable From Positive

RATINGS RATIONALE

The change in outlook to stable from positive reflects Moody's
expectation that Auction.com's earnings will decline and liquidity
deteriorate this year following the foreclosure moratorium and
shutdown of live auctions due to the coronavirus pandemic in the
US. The stable outlook also recognizes that the impact of
coronavirus outbreak on Auction.com is mixed, with a negative
near-term and positive long-term impact, with substantial
uncertainty around the timing and extent of the rebound.

The near-term pressure arises from the foreclosure moratorium that
would last at least through June 30th. The company's current cash
on hand ($129 million as of March 31, 2020, which includes a fully
drawn $45 million revolver), in combination with cost saving
initiatives, are sufficient to support operating losses during the
moratorium, even if the foreclosure moratorium is extended through
late 2020.

In the longer term, the economic and real estate fallout following
the coronavirus outbreak will benefit the company. Moody's believes
that the company's earnings will rebound when the foreclosure
suspensions are lifted and live auctions resume across the entire
country. Auction.com operates an online platform that facilitates
the sale of distressed real estate throughout the US and will
benefit from the downturn in real estate cycle and rise in
foreclosure transactions. However, private equity ownership, a
historically aggressive financial strategy favoring distribution to
owners, and a lack of a clearly articulated financial policy
supporting lower leverage constrains the upward rating momentum.

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. In
an effort to support homeowners hurt by the coronavirus outbreak,
the stimulus legislation introduced in late March allows borrowers
with a federally-backed mortgage to request forbearance for up to
360 days. This temporarily reduces the transaction pipeline moving
into the foreclosure auction stage. In addition, earlier this month
Fannie Mae, Freddie Mac and the Department of Housing and Urban
Development extended their suspensions of foreclosures and
evictions at least through June 30. The extension follows the
previous 60-day foreclosure and eviction freeze that was set to end
on May 17, 2020. Auction.com's revenue, earnings and cash flows
will temporarily diminish while the moratorium is in effect.

Auction.com's B3 CFR reflects the company's status as a category
leader in a niche market and its consistent performance despite
ongoing market pressures, balanced by its still high financial
risk. Moody's expects that rising unemployment amid an economic
downturn will lead to a rise in foreclosure volumes later this year
and in 2021, which will support profitability and earnings growth
for Auction.com after a period of near-term earnings pressure.
Governance risks that Moody's considers in the company's credit
profile include an aggressive financial strategy that exposes the
company to event risk and high likelihood of periodic releveraging
to support sponsor returns under private equity ownership.

Moody's views Auction.com's liquidity as adequate, supported by the
company's cash on hand ($129 million as of March 31, 2020) but
constrained by potential for limited access to the revolver. The
company's $45 million revolver (fully drawn as of March 31, 2020)
has a springing maximum first lien net leverage ratio of 6.75x when
the revolver is more than 35% used, which can limit Auction.com's
ability to draw more than $15.75 million in the next 12-18 months.

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

The ratings could be upgraded if Auction.com demonstrates sustained
debt-to-EBITDA of under 4.0x (Moody's adjusted) while sustaining
good liquidity. Achieving a greater scale as measured by revenue
and demonstrated ability to sustain profitable growth through real
estate cycles would also be viewed positively for the ratings.

The ratings could be downgraded if liquidity deteriorates, free
cash flows remain negative or revenues continue to decline beyond
2020. A meaningful market share loss, debt financed shareholder
distributions or acquisitions, or a loss of a significant supplier
will also likely lead to a downgrade.

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

Auction.com, LLC (fka Ten-X) provides asset sale services for the
US residential real estate markets. The company is majority-owned
by affiliates of Thomas H. Lee Partners L.P. and co-investors.
Revenue for the twelve months ended March 31, 2020 was about $253
million.


AVIANCA HOLDINGS: Taps KCC as Claims & Noticing Agent
-----------------------------------------------------
Avianca Holdings S.A. received approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire Kurtzman Carson
Consultants, LLC as its claims and noticing agent.

The firm will oversee the distribution of notices and will assist
in the maintenance, processing and docketing of proofs of claim
filed in the Chapter 11 cases of Avianca Holdings and its
affiliates.

Prior to their bankruptcy filing, Debtors provided the firm a
retainer in the amount of $65,000.

Robert Jordan, managing director of Kurtzman, disclosed in court
filings that his firm is "disinterested" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Robert Jordan
     Kurtzman Carson Consultants LLC
     2335 Alaska Avenue
     El Segundo, CA 90245
     Tel: (310) 823-9000

                           About Avianca

Avianca -- https://aviancaholdings.com/ -- is the commercial brand
for the collection of passenger airlines and cargo airlines under
the umbrella company Avianca Holdings S.A.  Avianca has been flying
uninterrupted for 100 years.  With a fleet of 158 aircraft, Avianca
serves 76 destinations in 27 countries within the Americas and
Europe.

Avianca Holdings S.A. and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. N.Y. Lead Case No.
20-11133) on May 10, 2020.  At the time of the filing, Debtors
disclosed $7,273,900,000 in assets and $7,268,700,000 in
liabilities.  

Judge Martin Glenn oversees the cases.

Debtors tapped Milbank LLP as general bankruptcy counsel; Urdaneta,
Velez, Pearl & Abdallah Abogados and Gomez-Pinzon Abogados S.A.S.
as restructuring counsel; Smith Gambrell and Russell, LLP as
aviation counsel; Seabury Securities LLC as financial restructuring
advisor and investment banker; FTI Consulting, Inc. as financial
restructuring advisor; and Kurtzman Carson Consultants LLC as
claims and noticing agent.

The U.S. Trustee for Region 2 appointed a committee of unsecured
creditors in Debtor's bankruptcy cases on May 22, 2020.


BCP RENAISSANCE: S&P Lowers ICR to 'B'; Outlook Stable
------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on BCP
Renaissance Parent LLC to 'B' from 'B+'. S&P also lowered its
issue-level rating on BCP's $1.3 billion term loan B to 'B' from
'B+'. S&P's '3' recovery rating is unchanged, indicating its
expectation for meaningful recovery (50%-70%; rounded estimate:
50%) in the event of a payment default.

"Our 'B' issuer credit rating of BCP reflects higher than expected
leverage metrics with debt to EBITDA exceeding 9x over the next 12
months, and heightened counterparty risk due to deteriorated credit
quality of Rover's major shippers," S&P said.

"Our rating is also based on the differentiated credit quality
between BCP and Rover. BCP owns a 32% interest in Rover and does
not have other substantive assets to service its $1.3 billion term
loan B. Our assessment of the company's credit profile incorporates
its financial ratios, Rover's cash flow stability, as well as
ability to influence Rover's financial policy, and ability to
liquidate investment in Rover to repay the term loan," the rating
agency said.

BCP's financial metrics are a negative factor in S&P's assessment.
In 2019, the company's leverage approached 12x, while its EBITDA
interest coverage ratio was about 1.4x. S&P now expects BCP's
leverage to improve but stay above 9x and EBITDA interest coverage
to rise to about 2x during the next two years. S&P's EBITDA
assumptions for BCP incorporate the annual free cash flow the
company receives from Rover with minimal maintenance capital
expenditures. S&P's assessment takes into account Rover's tangible
counterparty risk as more than half of the company's revenue comes
from 'CCC+' and 'B-' rated shippers. Also, the multi-notch
downgrades of Ascent Resources Utica Holdings LLC, Antero Resources
Corp, and Range Resources Corp. in March indicate an overall
deterioration of the shippers' credit quality. However,
counterparty risk is partially mitigated by letters of credit that
can provide 12-18 months of support if the lower-quality shippers
fail to honor their contractual obligations.

Notwithstanding the counterparty risk, S&P assesses BCP's cash flow
stability as a positive credit factor, as the rating agency expects
BCP to receive stable distributions supported by Rover's 90%
subscribed capacity with 15- to 20-year take-or-pay contracts. In
2019, Rover saw an increase in its throughput volumes to 3.2
Bcf/day from 2.2 Bcf/day.

In April 2019, Rover announced a $370 million increase in expected
capital costs related to soil stabilization and slip repair
projects, with about $150 million in capital spending budgeted for
2020. However, BCP's investment in Rover was structured as a fixed
dollar amount, and BCP is under no obligation to provide funding
beyond the purchase price. As such, the budget overage did not
materially affect BCP, and it was covered by Rover's other owners,
Traverse Midstream Partners LLC and Energy Transfer Partners LLC.

S&P assesses BCP's corporate governance and financial policy as
positive, which reflects its substantial governance rights over
Rover and ET Rover Pipeline LLC. BCP can veto changes to the
distribution policies of both subsidiaries. Both entities are also
required to distribute all of their free cash flow to BCP,
Traverse, and Energy Transfer Partners. Because Energy Transfer
Partners is structured as an master limited partnership, it relies
on stable cash flows from Rover to pay its distributions. As such,
Rover has an incentive to maintain consistent or growing
dividends.

S&P's view of BCP's ability to liquidate its investment in Rover is
negative, which reflects its private status.

The stable outlook reflects BCP's adequate liquidity, cash
distributions from Rover underpinned by take-or-pay contracts, and
letters of credit posted by the shippers. S&P also forecasts debt
to EBITDA to exceed 9x.

S&P could take a negative rating action if BCP's debt to EBITDA
exceeds 9.5x or if its EBITDA interest coverage ratio remains below
1.5x on a sustained basis. In addition, S&P could lower its rating
if distributions form Rover decline substantially and if shippers
cannot meet their contractual agreements.

Although unlikely at this time, a positive rating action would
require debt to EBITDA of below 9x on a sustained basis and
improvement of the credit quality of Rover's shippers.


BEDSIDE ANGELS: Seeks to Hire Maxwell Dunn as Counsel
-----------------------------------------------------
Bedside Angels Home Care, LLC seeks authority from the US
Bankruptcy Court for the Eastern District of Michigan to hire
Maxwell Dunn, PLC, as its legal counsel.

Maxwell Dunn's services will include:

      a. preparation of petition, schedules and statements and any
amendments;

      b. preparation of client for duties while in a Chapter 11
bankruptcy;

      c. attendance at Initial Debtor Interview (IDI) scheduled by
the Office of the United States Trustee and facilitation of
Debtor’s requirements for the IDI meeting, attendance at any
initial status conference as directed by the court, and attendance
at the Sec. 341 meeting of creditors.

      d. preparation of first day motions, employment applications,
and other related pleadings;

      e. attendance at the 60 day status conference and all other
hearing appurtenant to Subchapter V of Chapter 11.

      f. management of the receipt, review, and filing of Monthly
Operating Reports and any other documents, reports, or filings that
Debtor is required to submit;

      g. preparation of applications for compensation of Maxwell
Dunn and any other professionals that may be employed by the
estate;

      h. preparation pleadings related to sale applications or
valuation motions, if any;

      i. attendance at hearings and meetings not otherwise
designated above;

      j. negotiations with creditors regarding critical aspects of
the Chapter 11 proceeding and the confirmation process;

      k. consultations with the Debtor regarding the Chapter 11
proceeding and advising the responsible party regarding various
aspects of the matter;

      l. consultations with professionals who the estate may need
to hire;

      m. preparation of the Combined Plan and Disclosure Statement
and ballots and service upon creditors; and

      n. filing and representation during any adversary proceedings
that may arise;

      o. provide all other responsibilities and duties of counsel.

Maxwell Dunn has permitted the Debtor to pay a retainer of $5,000
so long as Bedside Angels sets aside in trust a monthly payment of
$2,000 for the purpose of payment any allowed administrative
expense claim of Maxwell Dunn. Payments shall be set aside in trust
for each month that the case remains in bankruptcy.

Maxwell Dunn does not hold or represent any interest adverse to the
estate and are "disinterested persons" within the meaning of the
Bankruptcy Code.

The firm can be reached through:

     Ethan D. Dunn, Esq.
     Maxwell Dunn, PLC
     24725 W. 12 Mile Rd., Ste. 306
     Southfield, MI 48034
     Phone: (248) 246-1166

              About Bedside Angels Home Care

Bedside Angels Home Care, LLC, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Mich. Case No. 20-44368) on
March 24, 2020, listing under $1 million in both assets and
liabilities. Ethan D. Dunn, Esq. at MAXWELL DUNN, PLLC, represents
the Debtor as counsel.


BELLEAIR RESERVE: Sale of Pinellas County Property to Sees Okayed
-----------------------------------------------------------------
Judge Catherine Peek McEwen of the U.S. Bankruptcy Court for the
Middle District of Florida authorized Bellair Reserve Holdings,
LLC's sale of the real property located on Sunshine Drive, Pinellas
County, Florida, to Jeffrey See and Nicole See upon the terms and
conditions set forth in their April 10, 2020 Contract for Purchase
and Sale - 2020 for $133,070.

A hearing on the Motion was held on May 28, 2020 at 2:30 p.m.

The closing agent is directed to disburse the sum of which equals
70% of the gross sales price of $133,070 to Bayway Investment Fund,
L.P. in full satisfaction of its encumbrances of record1 in the
Public Records of Pinellas County, Florida as to the parcel of
property only; and Triton Ventures, LLC in full satisfaction of its
encumbrances of record2 in the Public Records of Pinellas County,
Florida as to the parcel of property only.

The remaining net proceeds of sale, after payment of closing costs
and ad valorem taxes, will be disbursed to the Debtor.

The disputed encumbrances of the City of Tarpon Springs recorded in
the Public Records of Pinellas County, Florida will attach to the
remaining net proceeds of sale.

All closing documents should be filed with the Court within seven
days of closing, or with the next monthly operating report,
whichever is earlier.

                 About Bellair Reserve Holdings

Bellair Reserve Holdings, LLC sought Chapter 11 protection (Bankr.
M.D. Fla. Case No. 8:20-bk-01160-CPM) on Feb. 11, 2020.  The
petition was signed by Torrey K. Cooper, manager member.  The case
is assigned to Judge Catherine Peek McEwen.  The Debtor was
estimated to have assets in the range of $1,000,001 to $10 million
and $500,001 to $1 million in debt.  The Debtor tapped David W.
Steen, Esq., at David W. Steen, P.A. as counsel.




BEVERLY COMMUNITY HOSPITAL: S&P Cuts Revenue Bond Ratings to 'BB'
-----------------------------------------------------------------
S&P Global Ratings lowered its long-term rating on California
Statewide Communities Development Authority's series 2015 and 2017
revenue bonds, issued for the Beverly Community Hospital
Association, to 'BB' from 'BBB-', and removed the rating from
CreditWatch, where it was placed with negative implications May 19,
2020. The outlook is negative.

"The downgrade reflects the deterioration of operating performance
and balance sheet metrics in the past fiscal year and through the
first quarter ended March 31, 2020, which we expect will be further
exacerbated due to the COVID-19 pandemic," said S&P credit analyst
Chloe Pickett.

The worsened financial performance is largely attributable to a
negative adjustment in the California Quality Assurance Fee revenue
recognized and additional interest expense associated with the
recently completed emergency department expansion, which is no
longer being capitalized. Performance through the first quarter
ended March 31, 2020 was heavily affected by COVID-19, as the
hospital cancelled elective surgeries as part of California's
pandemic response. Furthermore, social distancing measures in Los
Angeles have contributed to a material decline in emergency
department visits. From discussions with management, volumes are
starting to rebound in May with the easing of restrictions and the
resumption of elective surgeries in the state, but they remain
constrained.

Incorporated into the downgrade is Beverly's elevated social risk,
compared to that of industry peers, as it pertains to the impact of
COVID-19 and the related health and safety issues. S&P views
Beverly's exposure to these additional risks as greater than that
of its peers, as COVID-19-driven operating losses could weaken
Beverly's cash flow and coverage such that the hospital violates
its days' cash on hand or DSC covenants on the bonds outstanding.
The core mission of health care facilities is to protect the health
and safety of communities, which is further evidenced by
responsibilities to serve the surge in patient demand with
COVID-19. S&P believes the pandemic exposes the sector to
additional social risks that could present financial pressure in
the short term, particularly should federal and state support be
insufficient to cover the decreased revenue resulting from sharp
admission and surgical volume declines required to preserve
capacity, supplies, and equipment; and maintain appropriate levels
of staffing.

Also incorporated into the rating is S&P's view of Beverly's
elevated social risk related to the hospital's reliance on
governmental payers relative to that of peers, as Beverly serves a
vulnerable population within a fragmented and competitive service
area, which has the potential to pressure operations given the
lower levels of reimbursement from Medicare and Medi-Cal. S&P also
views Beverly's overall environmental risks as elevated relative to
those of industry peers given its location in an area historically
prone to earthquakes and fires. With respect to the earthquake
risk, Beverly has invested in strategic capital projects to meet
state-mandated seismic building codes, and the hospital is
compliant with seismic standards through 2030. S&P analyzed
Beverly's governance risks and the corresponding effects on its
financial profile and determined that all are in line with the
rating agency's view of the sector standard.

The negative outlook reflects S&P's expectation that operating
performance and cash flow will remain negative through the
remainder of fiscal 2020 and potentially into fiscal 2021 because
of the sharp admission and surgical volumes declines due to
COVID-19. Furthermore, S&P expects limited increases in already
modest unrestricted reserves despite federal and state COVID-19
relief, although the rating agency does note that Beverly holds no
investments and is therefore not exposed to market volatility in
its reserves.

S&P would lower the rating if the hospital were unable to
demonstrate a sustained trend of improving operating performance
over the remainder of fiscal 2020, or if there is any deterioration
in unrestricted reserves. S&P would also lower the rating, possibly
by multiple notches, if the hospital violates the days' cash on
hand or debt service coverage covenants below the default levels of
40 days and 1x, respectively.

Given the hospital's exceptionally low liquidity and weak operating
performance expected through the rest of the fiscal year, S&P is
unlikely to raise the rating over the outlook period. S&P would
revise the outlook to stable or raise the rating over the longer
term if operating performance shows a sustained, improving trend
such that the hospital is able to generate solid, positive cash
flow and build unrestricted reserves supporting growth in days'
cash on hand and unrestricted reserves-to-long-term debt in line
with medians for the higher rating level.


BIOLASE INC: Signs Loan Documents Under SBA Assistance Program
--------------------------------------------------------------
Biolase, Inc. executed the standard loan documents required for
securing a loan from the United States Small Business
Administration (the "SBA") under its Economic Injury Disaster Loan
assistance program in light of the impact of the COVID-19 pandemic
on the Company's business.  The principal amount of the EIDL Loan
is $150,000, with proceeds to be used for working capital purposes.
Interest on the EIDL Loan accrues at the rate of 3.75% per annum
and installment payments, including principal and interest, are due
monthly beginning twelve months from the date of the EIDL Loan in
the amount of $731.  The balance of principal and interest is
payable thirty years from the date of the promissory note.  In
connection with the EIDL Loan, the Company executed the EIDL Loan
documents, which include the SBA Secured Disaster Loan Note, dated
May 22, 2020, the Loan Authorization and Agreement, dated May 22,
2020, and the Security Agreement, dated May 22, 2020, each between
the SBA and the Company.

             Partners with MEKICS on Ventillators
  
On April 8, 2020, the Company announced that it had teamed up with
MEKICS Co. Ltd., an intensive care unit (ICU) equipment
manufacturer based in the Republic of Korea, to supply MEKICS's
MTV-1000 ICU-grade portable ventilator through the Company's
manufacturing facility in Irvine, California.  The MTV-1000
Ventilator received U.S. Food and Drug Administration authorization
for emergency use in connection with the COVID-19 pandemic.  Since
the commencement of this relationship, the Company received over
$10 million in multiple purchase orders and received authorization
to manufacture and supply the MTV-1000 Ventilator under FDA
Emergency Use Authorization authority, and an exemption from the
State of California to operate, market and produce the MTV-1000
Ventilator, which was a critically needed product at that time.

Subsequent to the above-referenced authorizations, MEKICS
experienced supply chain disruptions for certain critical parts and
was delayed in shipping ventilators to the Company.  Although
MEKICS is ready to ship ventilators at this time, the United States
market for ventilator products has rapidly changed since early
April, due to the effect and level of spread of COVID-19 infection
throughout the nation, and went from products of undersupply to
products of oversupply.  As an example, certain state governments
are now cancelling pre-paid orders for ventilators.

Due to the foregoing, the Company's customers that had placed
orders with the Company currently no longer need this supply.  As a
result, the Company has determined not to purchase any MTV-1000
Ventilators from MEKICS at this time for resale to customers.

However, if there is a second wave of COVID-19, the Company expects
there may be a return to peak demand for this product.  If that
occurs, the Company expects to be in position to be able to address
this demand through its collaboration with MEKICS.

                        About BIOLASE

BIOLASE -- http://www.biolase.com/-- is a medical device company
that develops, manufactures, markets, and sells laser systems in
dentistry, and medicine.  BIOLASE's products advance the practice
of dentistry and medicine for patients and healthcare
professionals.  BIOLASE's proprietary laser products incorporate
approximately patented 261 and 52 patent-pending technologies
designed to provide biologically clinically superior performance
with less pain and faster recovery times.  BIOLASE's innovative
products provide cutting-edge technology at competitive prices to
deliver superior results for dentists and patients.  BIOLASE's
principal products are revolutionary dental laser systems that
perform a broad range of dental procedures, including cosmetic and
complex surgical applications, and a full line of dental imaging
equipment.  BIOLASE has sold over 41,200 laser systems to date in
over 80 countries around the world. Laser products under
development address BIOLASE's core dental market and other adjacent
medical and consumer applications.

Biolase reported a net loss of $17.85 million for the year ended
Dec. 31, 2019, compared to a net loss of $21.52 million for the
year ended Dec. 31, 2018.  As of March 31, 2020, the Company had
$24.53 million in total assets, $25.42 million in total
liabilities, $3.96 million in total redeemable preferred stock, and
a total stockholders' deficit of $4.86 million.

BDO USA, LLP, in Costa Mesa, California, the Company's auditor
since 2005, issued a "going concern" qualification in its report
dated March 27, 2020 citing that the Company has suffered recurring
losses from operations, has negative cash flows from operations and
has uncertainties regarding the Company's ability to meet its debt
covenants and service its debt.  These factors, among others, raise
substantial doubt about its ability to continue as a going concern.


CAPSTONE PEDIATRICS: June 12 Auction of All Assets Set
------------------------------------------------------
Judge Randal S. Mashburn of the U.S. Bankruptcy Court for the
Middle District of Tennessee authorized Capstone Pediatrics, PLLC's
proposed bidding procedures in connection with the auction sale of
all, substantially all, or any combination of the Debtor's assets,
free and clear of all claims, liens, and encumbrances.

Under the DIP Loan Agreement that was entered into as of April 4,
2019 and in accordance with the Corrected Agreed Order Amending
Final DIP Order, funding will expire on June 15, 2020 if not
earlier based on the limits of additional allowed funding.  It is
necessary to have the Motion heard on an expedited basis so that
Debtor can complete the sale before the terms of the Amended DIP
loan agreement expires or the funds available thereunder are
exhausted.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: June 10, 2020 at 4:00 p.m. (CT) and June 11
2020, at 4:00 p.m. as Determination Deadline

     b. Initial Bid: $100,000 above the Stalking Horse offer, if
any

     c. Deposit: Equal to 10% of the aggregate cash Purchase Price
of the Bid

     d. Auction: The Auction, if necessary, will be held on June
12, 2020 at 10:00 a.m. (CT) at the offices of counsel to the
Debtor, Burr & Forman LLP, 222 Second Avenue South, Suite 2000,
Nashville, Tennessee 37201.

     e. Bid Increments: $25,000

     f. Sale Hearing: June 16, 2020 at 9:00 a.m. (CT)

     g. Sale Objection Deadline: June 17, 2020 at noon (CT)

     h. Closing: No later June 19, 2020

     i. Break-Up Fee: Equal to 3% of the proposed purchase price

     j. Notice of Auction Results: No later than June 13, 2020

The form of Sale Notice is approved.  Three business days after the
entry of the Order, the Debtors will serve the Bidding Procedures
Order and Bidding Procedures.

The Assumption and Assignment Procedures set forth in the Bidding
Procedures Motion regarding the assumption and assignment of the
Assigned Contracts proposed to be assumed by the Debtors and
assigned to a Successful Bidder are approved.
On June 1, 2020, the Debtors will file with the Court and serve
the Cure Notice.  

In the event an APA is negotiated, executed and filed prior to the
the close of business June 5, 2020, the Debtor, in consultation
with the attorney for the United States Trustee and the DIP Lender,
may designate the proposed buyer as the "Stalking Horse" buyer and
provide minimal bid protections in the form of a "Break-Up Fee"
equal to 3% of the proposed purchase price in the Stalking Horse
offer.

The terms and conditions of the Order will be immediately effective
and enforceable upon its entry.  

A copy of the Bidding Procedures is available at
https://tinyurl.com/ycatx7y5 from PacerMonitor.com free of charge.

                   About Capstone Pediatrics

Based in Nashville, Tennessee, Capstone Pediatrics, PLLC, a
pediatric and adolescent center, filed a Chapter 11 petition
(Bankr. M.D. Tenn. Case No. 19-01971) on March 28, 2019, and is
represented by David W. Houston, IV, Esq., in Nashville, Tennessee.
In the petition signed by Gary G. Griffieth, the Debtor was
estimated to have $1 million to $10 million in estimated assets and
$10 million to $50 million in estimated liabilities.


CARITAS INVESTMENT: Seeks to Hire Neubert Pepe as Counsel
---------------------------------------------------------
Caritas Investment Limited Partnership seeks approval from the U.S.
Bankruptcy Court for the District of Connecticut to hire the law
firm of Neubert, Pepe & Monteith, P.C. as its counsel, in lieu of
Ellery E. Plotkin.

By order entered May 17, 2017, the Court approved the employment of
Ellery E. Plotkin as Debtor’s counsel. Attorney Plotkin passed
away on April 2, 2020.

Services Neubert Pepe will render are:

      a. advise the Debtor of its rights, powers, and duties as a
debtor and debtor-in-possession continuing to operate and manage
its business and property;

      b. advise the Debtor concerning, and assisting in the
negotiation and documentation of, financing agreements, debt
restructuring, and related transactions;

      c. review the nature and validity of any liens asserted
against the property of the Debtor, and advising the Debtor
concerning the enforceability of such liens;

      d. advise the Debtor concerning the actions that these might
take to collect and to recover property for the benefit of the
Debtor's estate;

      e. prepare on the Debtor's behalf necessary and appropriate
applications, motions, pleadings, draft orders, notices, and other
documents, and reviewing all financial and other reports to be
filed in this Chapter 11 case;

      f. advise the Debtor concerning, and preparing responses to,
applications, motions, pleadings, notices, and other papers which
may be filed and served in this Chapter 11 case;

      g. counsel the Debtor in connection with the formulation,
negotiation, and prosecution of a plan of reorganization and
related documents; and

      h. perform all other legal services for and on behalf of the
Debtor which may be necessary or appropriate in the administration
of this Chapter 11 case.

NPM has requested a retainer in the amount of $10,000. John A.
Morgan has agreed to advance and deposit these funds into the
Debtor's bank account. The Debtor has agreed to pay the retainer in
two installments of $5,000 each.

Douglas S. Skalka, principal of Neubert Pepe, assures the court
that his firm represents no interest adverse to the Debtor or to
its estate in the matters for which it is proposed to be retained,
and is a disinterested person within the meaning of 11 U.S.C. Sec.
101(14).  

The firm can be reached through:

     Douglas S. Skalka, Esq.
     Neubert Pepe & Monteith PC
     95 Church St
     New Haven, CT 06510
     Phone: +1 203-821-2000

                     About Caritas Investment

Headquartered at Stamford, Connecticut, Caritas Investment Limited
Partnership is a single asset real estate as defined in 11 U.S.C.
Section 101(51B).  It owns the property at 140 Wallacks Drive,
Stamford, which consists of a parcel on Stamford mainland and an
island in the City of Stamford.

Caritas Investment Limited Partnership filed a Chapter 11 petition
(Bankr. D. Conn. Case No. 17-50456) on April 24, 2017.  In its
petition, the Debtor estimated $1 million to $10 million in assets
and liabilities.  The petition was signed by John A. Morgan, member
of Morgan 2000, LLC, general partner.


CARLSON TRAVEL: S&P Downgrades ICR to 'CCC'; Outlook Negative
-------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on global
travel management company Carlson Travel Inc. (CTI) to 'CCC' from
'B-' and removed all ratings from CreditWatch, where S&P placed
them with negative implications on March 13, 2020. At the same
time, S&P lowered its issue-level rating on the company's senior
secured notes to 'CCC' from 'B-', and its issue-level rating on its
senior notes to 'CC' from 'CCC'. The recovery ratings are
unchanged.

"The rating actions reflect our view that Carlson Travel will
generate negative EBITDA in 2020, its liquidity will likely be
constrained, and we expect that the company could pursue a debt
restructuring within the next 12 months due to the impact of the
pandemic on global travel," S&P said.

S&P expects that Carlson Travel's new bookings will be down over
80% in the second quarter of 2020, with a slow recovery through the
second half of 2020 through 2021, resulting in 2020 revenue
declines of about 40%-50%. Over two-thirds of CTI's 2019 operating
costs were related to staffing, which S&P expects the company to
significantly reduce in the short term. It also expects the company
will reduce capital expenditures and decrease or defer certain 2020
cash obligations through government relief initiatives. All told,
S&P expects management will be able to reduce cash costs by at
least $320 million. However S&P does not expect these cash
preservation initiatives will fully offset revenue declines, and
forecast negative EBITDA generation and negative free operating
cash flow in 2020, and leverage exceeding 10x in 2021. S&P believes
the heightened leverage and strain on liquidity is unsustainable
given the company's high debt burden. CTI had about $1 billion of
debt outstanding as of Dec. 31, 2019, and has since drawn down its
$150 million revolving credit facility. The company is also
consulting with its stakeholders and outside parties (such as the
availability of government loans in the US and other jurisdictions)
to bolster liquidity. On April 14, 2020, the company announced it
had engaged with strategic advisers to assess a broad range of
financing and strategic options. S&P believes these options could
include a distressed debt exchange.

CTI faces liquidity challenges.

CTI had about $134 million of cash on its balance sheet and $123
million available on its revolving credit facility as of Dec. 31,
2019, and has so far avoided depleting its liquidity position
through cost cuts and working capital management. CTI drew down
$113 million of its available revolver balance at the end of March
2020, and S&P believes that CTI is likely to violate its minimum
EBITDA covenant imposed by the revolving credit agreement in the
second quarter of 2020. If CTI does not receive a covenant
amendment or an equity cure from its shareholders, it would be in
technical default on the credit agreement and be required to repay
its revolver borrowings. Further, S&P expects the company to incur
over $200 million in free cash flow deficits this year which it
believes is unlikely to be covered through available internal
sources making the company dependent on external financing. Due to
the company's significant debt borrowings and fixed charges prior
to the pandemic, S&P believes infusion of external financing would
likely incorporate some form of debt restructuring to allow its
capital structure to be viable as the company emerges from the
pandemic, especially since travel volumes are likely to remain
depressed for a prolonged period. The IATA (International Air
Transport Association) does not expect air travel to return to 2019
levels before 2023.

Social distancing measures to prevent the spread of COVID-19 poses
significant challenges for travel management companies such as
CTI.

As one of the largest travel management companies (TMCs), Carlson
Travel is particularly vulnerable to the impact of the global
health crisis from the coronavirus. S&P believes new global travel
bookings have declined to less than 15% of 2019 levels since the
second half of March 2020. The loss of 2020 EBITDA and cash flows
will likely be substantial as COVID-19 containment measures has led
to a global recession this year. S&P expects global GDP to decline
approximately 5.2%. Risks remain firmly on the downside. Companies
have increasingly imposed restrictions on their employees'
nonessential travel since March, which has led to the cancellation
or postponement of numerous conferences. Further, the impact on
economic activity and subsequent return to normalcy is uncertain.
Travel management companies such as CTI are affected not only by
the overall decline in travel volumes, but also the loss of
top-tier incentive payments from global distribution systems due to
the inability to deliver sufficient volumes.

Environmental, social, and governance (ESG) credit factors for this
credit rating change:

-- Health and safety factors

S&P acknowledges a high degree of uncertainty about the rate of
spread and peak of the coronavirus outbreak.

"Some government authorities estimate the pandemic will peak about
midyear, and we are using this assumption in assessing the economic
and credit implications. We believe the measures adopted to contain
COVID-19 have pushed the global economy into recession. As the
situation evolves, we will update our assumptions and estimates
accordingly," S&P said.

The negative outlook reflects the risk that CTI would pursue a debt
restructuring within the next 12 months due to its elevated debt
leverage and liquidity challenges.

"We could lower the rating if the company announces a debt exchange
or other restructuring transaction that we view as tantamount to a
default. We could also lower the rating if the company is not able
to obtain an amendment to its minimum EBITDA covenant.
"We could raise our rating to 'CCC+' if the company secures
covenant amendments and additional liquidity to comfortably operate
through 2021. An upgrade would also likely require improving
operating environment and economic conditions for travel companies.
Nevertheless, we expect leverage to remain elevated, therefore an
upgrade to 'B-' is unlikely until the company can reduce leverage
below 7x and generate positive free operating cash flow," S&P said.


CEDAR HAVEN: Needs More Time to Conclude Asset Sale, File Plan
--------------------------------------------------------------
Cedar Haven Acquisition, LLC asked the U.S. Bankruptcy Court for
the District of Delaware to extend the exclusive periods during
which only the company can propose a Chapter 11 plan of
reorganization and solicit acceptances from creditors to Aug. 26
and Oct. 26, respectively.

Cedar Haven said it needs more time to close on the sale of its
assets to Allaire Health Care Services, LLC. Once the sale is
completed, the requested extension will afford key parties time to
negotiate and draft a plan.

                   About Cedar Haven Acquisition

Cedar Haven Acquisition, LLC -- https://cedarhaven.healthcare/ --
is a licensed skilled nursing facility located in Lebanon, Pa.,
that offers professionally supervised nursing care and related
medical and health services to persons whose needs are such that
they can only be met in a nursing facility on an inpatient basis
because of age, illness, disease, injury, convalescence or physical
or mental infirmity. It was formed in 2014 through the sale of
Cedar Haven Healthcare Center by the Lebanon County Commissioners
to Cedar Haven.

Cedar Haven Acquisition and its affiliates filed Chapter 11
petitions (Bankr. D. Del. Lead Case No. 19-11736) on Aug. 2, 2019.
At the time of the filing, Cedar Haven Acquisition estimated assets
of between $1 million and $10 million and liabilities of between
$10 million and $50 million.  The cases are assigned to Judge
Christopher S. Sontchi.  William E. Chipman Jr., Esq., at Chipman
Brown Cicero & Cole, LLP, represents the Debtors.

Andrew Vara, acting U.S. trustee for Region 3, appointed a
committee of unsecured creditors on Aug. 20, 2019.  The committee
tapped Potter Anderson & Corroon LLP as its legal counsel, and
Ryniker Consultants LLC as its financial advisor.



CENTRIC BRANDS: Receives Nasdaq Delisting Notice Due to Chapter 11
------------------------------------------------------------------
Centric Brands Inc. (NASDAQ:CTRC), a leading lifestyle brands
collective, disclosed that on May 18, 2020, it received
notification from The Nasdaq Stock Market LLC ("Nasdaq"), that due
to the Company's voluntary filing under Chapter 11 of the U.S.
Bankruptcy Code on May 18, 2020 (the "Filing"), and in accordance
with Nasdaq Listing Rule 5101, Nasdaq has determined that the
Company's common stock will be delisted from Nasdaq.

This expected determination is primarily based on the Filing and
associated public interest concerns raised by it.  In addition, the
Company had not yet filed its Annual Report on Form 10-K for the
period ended December 31, 2019, and was not compliant with Listing
Rule 5250(c)(1).

Given the continued listing requirements of Nasdaq and the
Company's intent to emerge from the pending Chapter 11 case as a
private entity, it does not plan to appeal the Nasdaq
determination.  Accordingly, trading of the Company's common stock
will be suspended at the opening of business on May 28, 2020, and a
Form 25-NSE will be filed with the Securities and Exchange
Commission, which will remove the Company's common stock from
listing and registration on Nasdaq.

The Company expects that its common stock may be eligible to be
quoted on the OTC Pink Market operated by the OTC Markets Group
Inc.  There can be no assurance that any public market for the
Company's common stock will exist in the future, as quotes on the
OTC Pink Market are dependent upon the actions of third parties.

                    About Centric Brands Inc.

Centric Brands Inc. designs, produces, merchandises, manages and
markets kidswear, accessories, and men's and women's apparel under
owned, licensed and private label brands.  Currently, the company
and its affiliates license over 100 brands, including AllSaints,
BCBG, Buffalo, Calvin Klein, Disney, Frye, Herve Leger, Jessica
Simpson, Joe's, Kate Spade, Kenneth Cole, Marvel, Michael Kors,
Nautica, Nickelodeon, Spyder, Timberland, Tommy Hilfiger, Under
Armour, and Warner Brothers.  The companies sell licensed products
through both retail and wholesale channels.

Centric Brands and its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 20-22637)
on May 18, 2020.  As of March 31, 2020, Debtors disclosed
$1,855,722,808 in total assets and $2,014,385,923 in total
liabilities.  

Judge Sean H. Lane oversees the cases.

Debtors tapped Ropes & Gray, LLP as bankruptcy counsel; PJT
Partners, Inc. as investment banker; Alvarez & Marsal, LLC as
financial advisor; and Prime Clerk, LLC as notice, claims and
Balloting agent.



CENTURY III MALL: June 4 Plan Confirmation Hearing Set
------------------------------------------------------
Century III Mall PA LLC filed with the U.S. Bankruptcy Court for
the Western District of Pennsylvania a Disclosure Statement on
Sept. 23, 2019.

On May 8, 2020, Judge Carlota M. Bohm ordered that:

  * June 1, 2020, is the last day for filing written ballots by
creditors, either accepting or rejecting the plan, filing claims
not already barred by operation of law, and filing and serving
written objections to confirmation of the plan.

  * June 4, 2020, is the last day for filing a complaint objecting
to discharge.

  * June 4, 2020 at 1:30 p.m., is the TELEPHONIC plan confirmation
hearing for the Plan filed by the Debtor.

A copy of the order dated May 8, 2020, is available at
https://tinyurl.com/ybc5apo9 from PacerMonitor at no charge.

                    About Century III Mall PA

Century III Mall PA LLC -- http://www.centuryiiimall.com/-- owns
the Century III Mall shopping center located in West Mifflin, Pa.

Century III Mall PA sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Case No. 18-23499) on Sept. 3,
2018. In the petition signed by Edward Sklyaroff, president, the
Debtor was estimated to have assets of $1 million to $10 million
and liabilities of $1 million to $10 million.  Judge Carlota M.
Bohm oversees the case.  The Debtor tapped Kirk B. Burkley, Esq.,
at Bernstein-Burkley, P.C., as its legal counsel.

No official committee of unsecured creditors has been appointed.


CHEFS' WAREHOUSE: Moody's Rates Amended 1st Lien Term Loan 'B2'
---------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to The Chefs'
Warehouse, Inc.'s proposed amended first lien term loan due 2025.
The company's existing ratings are unchanged, including its B2
corporate family rating, B2-PD probability of default rating, B2
term loan rating and SGL-3 speculative grade liquidity rating. The
ratings outlook remains negative.

The amendment will extend the maturity of the $238 million
(outstanding amount) term loan to 2025 from 2022, increase pricing
by 200bp and add a minimum liquidity covenant. In conjunction with
the transaction, the company will pay down 15% of the outstanding
amount (payable to consenting lenders only).

Moody's views the transaction as credit positive because it extends
the company's debt maturity profile and modestly lowers debt
levels. Moody's expects the company to have adequate liquidity over
the next 12-18 months, with a $227 million pro-forma cash balance
and $80 million borrowings under the $150 million asset-based
revolving credit facility.

Moody's took the following rating actions for The Chefs' Warehouse,
Inc.:

Proposed Senior Secured Bank Credit Facility, assigned B2 (LGD4)

RATINGS RATIONALE

The Chefs' Warehouse, Inc.'s B2 corporate family rating
incorporates Moody's expectations that the company will have
adequate liquidity over the next 12-18 months. The rating also
reflects Chefs' position as a premier distributor of specialty food
products in the United States and Canada. The company benefits from
serving customers a product portfolio with a deep selection of
specialty and center-of-the-plate food products that differentiates
its offering from the larger, traditional broadline foodservice
distributors. Chefs has been able to command solid operating
margins relative to its peers. Nonetheless, its scale remains
modest as revenue and EBITDA are much smaller than that of its
public company foodservice industry peers. A key credit constraint
is the expectation that Chefs' customer base will shrink as a
result of the temporary restaurant closures and lower volumes once
restaurants reopen. Chefs' niche focus is on independent restaurant
operators that have riskier credit profiles and liquidity,
providing them with less ability to withstand their closure in
response to COVID-19. Acquisitions have historically been integral
to the company's growth. The rating also incorporates governance
considerations, specifically the company's balanced financial
policies.

The negative outlook reflects Moody's view that Chefs' operating
performance and credit metrics will remain under considerable
pressure given its exposure to independent restaurants, which are
expected to be hurt by the disruption of COVID-19 and the ensuing
weakness in consumer demand.

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

Factors that could result in an upgrade include an ability to
increase its scale while maintaining debt to EBITDA around 4.5
times and EBITA to interest above 2.25 times on a sustained basis.
An upgrade would also require Chefs' maintaining at least good
liquidity.

Factors that could result in a downgrade include leverage on a debt
to EBITDA basis of around 5.5 times or EBITA coverage of interest
below 1.75 times on a sustained basis. A deterioration in liquidity
for any reason could also result in a downgrade. The ratings could
also be negatively impacted in the event Chefs' financial strategy
towards acquisitions or shareholder returns became more
aggressive.

The Chefs' Warehouse, Inc. distributes specialty food products to
menu-driven independent restaurants, fine dining establishments,
country clubs, hotels, caterers, culinary schools, bakeries,
patisseries, chocolatiers, cruise lines, casinos, and specialty
food stores in the United States and Canada. The company generated
net sales of $1.6 billion for the twelve months ended March 27,
2020.

The principal methodology used in this rating was Distribution &
Supply Chain Services Industry published in June 2018.


CHICK LUMBER $7.6K Sale of Kia Sorento to Rose Approved
-------------------------------------------------------
Judge Bruce Hardwood of the U.S. Bankruptcy Court for the District
of New Hampshire authorized Chick Lumber, Inc. to sell its 2012 Kia
Sorrento to Terry Rose for $7,600 "as is, where is, and with all
faults and without express or implied warranties of any nature
whatsoever (other than the implied warranty of title), free and
clear of all liens, claims and interests, with the proceeds of the
sale attaching to any liens on the Subject Property.

The Debtor is authorized to execute and deliver to the Buyer a
Fiduciary Bill of Sale to the Subject Property that conforms to the
Contract and do, or cause to be done, execute or cause to be
executed and take or cause to be taken each and every act, action
or document required by the Contract or the Debtor in the exercise
of its business judgment determines to be incidental thereto
reasonably necessary to consummate the sale.

The Debtor is authorized to deposit the proceeds of the sale in its
operating account and use them in accordance with the cash
collateral order in effect.  

The Order will become effective on the date thereof.

                      About Chick Lumber

Chick Lumber, Inc. -- https://www.chicklumber.com/ -- is a dealer
of lumber, plywood, steel beams, engineered wood, trusses, steel
and asphalt roofing, windows, doors, siding, trim, stair parts, and
finish materials. It also offers drafting and design, installation,
delivery, outside sales, and plan reading and estimating services.

Chick Lumber sought Chapter 11 protection (Bankr. D.N.H. Case No.
19-11252) on Sept. 9, 2019, in Concord, N.H.  In the petition
signed by Salvatore Massa, president, the Debtor disclosed between
$1 million and $10 million in both assets and liabilities.  Judge
Bruce A. Harwood oversees the case.  William S. Gannon PLLC is the
Debtor's legal counsel.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on Oct. 3, 2019.  The Committee is represented by
Goldstein & McClintock, LLLP, as its legal counsel.


CHICK LUMBER: $1K Sale of Intl 4300 WHT Van Approved
----------------------------------------------------
Judge Bruce Hardwood of the U.S. Bankruptcy Court for the District
of New Hampshire authorized Chick Lumber, Inc. to sell its 2005
Intl 4300 WHT Van (Box Truck), bearing VIN 1HTMMAAM35H137328OKI
B710, to a bona fide, non-insider offeror that makes the best offer
therefor in excess of $1,000 during the Offering Period, "as is,
where is," and with all faults and without express or implied
warranties of any nature whatsoever (other than the implied
warranty of title) free and clear of all liens and other
encumbrances, claims and interests.

The Debtor is authorized to execute and deliver to the Buyer a
Fiduciary Bill of Sale to the Subject Property that conforms to the
Contract and do, or cause to be done, execute or cause to be
executed and take or cause to be taken each and every act, action
or document required by the Contract or the Debtor in the exercise
of its business judgment determines to be incidental thereto.

The Court has determined that no Potential Lienholder holds a
perfected lien on the Subject Property.

The Debtor is authorized to deposit the proceeds of the sale in its
operating account and use them in accordance with the cash
collateral order in effect.  

The Order will become effective on the date thereof.

                      About Chick Lumber

Chick Lumber, Inc. -- https://www.chicklumber.com/ -- is a dealer
of lumber, plywood, steel beams, engineered wood, trusses, steel
and asphalt roofing, windows, doors, siding, trim, stair parts, and
finish materials. It also offers drafting and design, installation,
delivery, outside sales, and plan reading and estimating services.

Chick Lumber sought Chapter 11 protection (Bankr. D.N.H. Case No.
19-11252) on Sept. 9, 2019, in Concord, N.H.  In the petition
signed by Salvatore Massa, president, the Debtor disclosed between
$1 million and $10 million in both assets and liabilities.  Judge
Bruce A. Harwood oversees the case.  William S. Gannon PLLC is the
Debtor's legal counsel.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on Oct. 3, 2019.  The Committee is represented by
Goldstein & McClintock, LLLP as its legal counsel.


CHINOS HOLDINGS: Creditors' Committee Members Disclose Claims
-------------------------------------------------------------
In the Chapter 11 cases of Chinos Holdings, Inc., et al., the law
firm of Jones Day submitted a verified statement under Rule 2019 of
the Federal Rules of Bankruptcy Procedure, to disclose that it is
representing the Ad Hoc Committee.

The Ad Hoc Committee of certain beneficial holders, or investment
advisors or managers for the account of beneficial holders, of term
loans under the Amended and Restated Credit Agreement, dated March
5, 2014, among J. Crew Group, Inc., Chinos Intermediate Holdings B,
Inc., the lenders party thereto, and Wilmington Savings Fund
Society, FSB as successor administrative agent, 13.00% Senior
Secured Notes due 2021 and 13.00% Senior Secured New Money Notes
due 2021 issued by J.Crew Brand Corp. and J. Crew Brand, LLC under
the two Indentures dated July 13, 2017 to which U.S. Bank National
Association acts as collateral agents and indenture trustees,
Series A Preferred Stock issued by Chinos Holdings, Inc., and/or
common stock issued by Holdings.

In April 2019, the Ad Hoc Committee retained Milbank as counsel.
From time to time thereafter, certain holders of Term Loans, IPCo
Notes, Chinos Series A Preferred Stock, and/or Chinos Common Stock
have joined the Ad Hoc Committee. In April 2020, the Ad Hoc
Committee retained Tavenner & Beran as Virginia counsel.

Counsel represents the Ad Hoc Committee and does not represent or
purport to represent any entities other than the Ad Hoc Committee
in connection with the Debtors' chapter 11 cases.  In addition,
neither the Ad Hoc Committee nor any member of the Ad Hoc Committee
represents or purports to represent any other entities in
connection with the Debtors' chapter 11 cases.

As of May 15, 2020, members of the Ad Hoc Committee and their
disclosable economic interests are:

Anchorage Capital Group, L.L.C.
610 Broadway, 6th Floor
New York, NY 10012

* Term Loans: $720,551,694.54
* IPCo Notes: $129,993,000.00
* Chinos Series A Preferred Stock: $57,630,197.00
* Chinos Common Stock: 4,834,102 shares
* DIP Commitments: $140,000,000.00

Angelo, Gordon & Co., L.P.
245 Park Avenue, 26th Floor
New York, NY 10167

* IPCo Notes: $30,381,000.00
* DIP Commitments: $50,000,000.00

Antora Peak Capital Management LP
5700 W 112th St., Suite 500
Overland Park, KS 66211

* Term Loans: $34,972,266.72
* IPCo Notes: $4,000,000.00
* Chinos Series A Preferred Stock: $13,000,000.00
* Chinos Common Stock: 665,131 shares
* DIP Commitments: $5,900,000.00

Citadel Equity Fund Ltd.
601 Lexington Avenue
New York, NY 10022

* Term Loans: $62,719,188.00
* DIP Commitments: $25,000,000.00

Davidson Kempner Capital Management LP
520 Madison Avenue, 30th Floor
New York, NY 10022

* Term Loans: $79,011,822.83
* DIP Commitments: $80,000,000.00

FS Global Credit Opportunities Fund
201 Rouse Boulevard, 3rd Floor
Philadelphia, PA 19112

* Term Loans: $12,286,464.00
* IPCo Notes: $33,259,000.00
* Chinos Series A Preferred Stock: $18,651,132.00
* Chinos Common Stock: 1,068,652 shares
* DIP Commitments: $30,000,000.00

GSO Capital Partners LP
345 Park Avenue
New York, NY 10154

* Term Loans: $59,633,256.30
* IPCo Notes: $93,206,000.00
* Chinos Series A Preferred Stock: $52,122,929.05
* Chinos Common Stock: 4,523,836.26 shares
* DIP Commitments: $51,400,000.00

LibreMax Capital, LLC
600 Lexington Avenue,
7th Floor
New York, NY 10022

* Term Loans: $54,667,338.00
* DIP Commitments: $17,700,000.00

Co-Counsel to the Ad Hoc Committee can be reached at:

          Lynn L. Tavenner, Esq.
          Paula S. Beran, Esq.
          David N. Tabakin, Esq.
          TAVENNER & BERAN, PLC
          20 North Eighth Street, Second Floor
          Richmond, VA 23219
          Telephone: (804) 783-8300
          Facsimile: (804) 783-0178
          E-mail: ltavenner@tb-lawfirm.com
                  pberan@tb-lawfirm.com
                  dtabakin@tb-lawfirm.com

               - and -

          Dennis F. Dunne, Esq.
          Samuel A. Khalil, Esq.
          Matthew L. Brod, Esq.
          MILBANK LLP
          55 Hudson Yards
          New York, NY 10001-2163
          Telephone: (212) 530-5000
          Facsimile: (212) 530-5219
          E-mail: ddunne@milbank.com
                  skhalil@milbank.com
                  mbrod@milbank.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/QY4xsW

                    About Chinos Holdings

Chinos Holdings, Inc. designs apparels. It offers clothing for men,
women and children, as well as accessories. Chinos Holdings serves
customers worldwide.

Chinos Holdings, Inc. and its affiliates, including J.Crew Group,
Inc., sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. E.D. Va. Lead Case No. 20-32181) on May 4, 2020.  

At the time of the filing, the Debtors were each estimated to have
assets of between $1 billion and $10 billion and liabilities of the
same range.

Judge Keith L. Phillips oversees the cases.

The Debtors tapped Weil, Gotshal & Manges, LLP as bankruptcy
counsel; Hunton Andrews Kurth, LLP as local counsel; Lazard Freres
& Co. LLC; Alixpartners, LLP as financial advisor; Hilco Real
Estate, LLC as real estate advisor; KPMG LLP as tax consultant; and
Omni Agent Solutions, LLC as claims, noticing and solicitation
agent and as administrative advisor.


CHINOS HOLDINGS: Hires Hilco as Real Estate Consultant
------------------------------------------------------
Chinos Holdings, Inc. and its affiliates received approval from the
U.S. Bankruptcy Court for the Eastern District of Virginia to
employ Hilco Real Estate, LLC as their real estate consultant
effective May 4.

The firm will provide these real estate advisory services with
respect to Debtors' leases:

     (a) consult with Debtors to ascertain their goals, objectives
and financial parameters, including in connection with any
bankruptcy sale process;

     (b) assist Debtors in developing and implementing a strategic
plan for restructuring the leases;

     (c) negotiate the terms of restructuring agreements, rent
deferral agreements, and term shortening or termination agreements
with Debtors' landlords under the leases;

     (d) provide written reports periodically to Debtors regarding
the status of such negotiations; and

     (e) assist Debtors in closing the pertinent lease
restructuring, rent deferral term shortening or termination
agreements.

Hilco will be compensated as follows:

     (a) Initial Fee.  Debtors will pay Hilco an initial fee of
$200,000.

     (b) Rent Deferred Lease Fee.  For each lease that becomes a
"rent deferred lease," Hilco shall earn a fee equal to (i) 2
percent of any rent that is deferred for a period of less than one
year from when it becomes due, owing and payable in connection with
an applicable rent deferred lease, and (ii) 3 percent of any rent,
which is deferred for one year or more from when it becomes due,
owing and payable in connection with an applicable rent deferred
lease.

     (c) Restructured Lease Savings Fee.  For each lease that
becomes a restructured lease, Hilco shall earn an amount equal to a
base fee of $1,500, plus the "restructured lease savings"
multiplied by (a) 4.5 percent for the first $75 million of
aggregate restructured lease savings, and (b) 3.5 percent for any
restructured lease savings over and above $75 million.

     (d) Term Shortening Fee.  For each lease that becomes a "term
shortened lease," Hilco shall earn an amount equal to
three-quarters of one month of 2020 estimated gross rent for such
term shortened lease.  

     (e) Hilco will receive reimbursement of up to $25,000 for
work-related expenses.

Sarah Baker, managing member of Hilco, 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:
   
     Sarah Baker
     Hilco Real Estate, LLC
     5 Revere Dr., Suite 206
     Northbrook, IL 60062
     Telephone: (847) 504-2462
     Email: sbaker@hilcoglobal.com

                       About Chinos Holdings

Chinos Holdings, Inc. designs apparels. It offers clothing for men,
women and children as well as accessories and serves customers
worldwide.

Chinos Holdings and its affiliates, including J.Crew Group, Inc.,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D. Va. Lead Case No. 20-32181) on May 4, 2020.  At the time of
the filing, Debtors disclosed assets of between $1 billion and $10
billion and liabilities of the same range.

Judge Keith L. Phillips oversees the cases.

The Debtors tapped Weil, Gotshal & Manges, LLP as bankruptcy
counsel; Hunton Andrews Kurth, LLP as local counsel; Lazard Freres
& Co. LLC; Alixpartners, LLP as financial advisor; Hilco Real
Estate, LLC as real estate advisor; KPMG LLP as tax consultant; and
Omni Agent Solutions, LLC as claims, noticing and solicitation
agent and as administrative advisor.

John Fitzgerald, III, acting U.S. trustee for Region 4, appointed a
committee of unsecured creditors.


CHINOS HOLDINGS: J. Crew Gets Approval to Hire Goldin Associates
----------------------------------------------------------------
J. Crew Operating Corp., an affiliate of Chinos Holdings, Inc.,
received approval from the U.S. Bankruptcy Court for the Eastern
District of Virginia to employ Goldin Associates, LLC.

Goldin Associates will provide financial advisory services to the
review committee formed by J. Crew to investigate claims or causes
of action related to the transactions that it approved and executed
on Dec. 2, 2016 and June 12, 2017.

The firm will be paid at hourly rates as follows:

     Senior Managing Directors/Senior Advisors     $1,100 - $1,250
     Managing Directors                              $850 - $1,100
     Senior Directors/Senior Consultants               $700 - $850
     Directors                                         $600 - $700
     Vice Presidents/Consultants                       $500 - $600
     Analysts/Associates                               $300 - $500

Robert Kost, managing director at Goldin Associates, 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:
   
     Robert S. Kost
     Goldin Associates LLC
     350 Fifth Avenue
     New York, NY 10118
     Telephone: (212) 593-2255
     Facsimile: (212) 888-2841
     Email: RKost@goldinassociates.com

                       About Chinos Holdings

Chinos Holdings, Inc. designs apparels. It offers clothing for men,
women and children as well as accessories and serves customers
worldwide.

Chinos Holdings and its affiliates, including J.Crew Group, Inc.,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D. Va. Lead Case No. 20-32181) on May 4, 2020.  At the time of
the filing, Debtors disclosed assets of between $1 billion and $10
billion and liabilities of the same range.

Judge Keith L. Phillips oversees the cases.

The Debtors tapped Weil, Gotshal & Manges, LLP as bankruptcy
counsel; Hunton Andrews Kurth, LLP as local counsel; Lazard Freres
& Co. LLC; Alixpartners, LLP as financial advisor; Hilco Real
Estate, LLC as real estate advisor; KPMG LLP as tax consultant; and
Omni Agent Solutions, LLC as claims, noticing and solicitation
agent and as administrative advisor.

John Fitzgerald, III, acting U.S. trustee for Region 4, appointed a
committee of unsecured creditors.


CHINOS HOLDINGS: J. Crew Hires Quinn Emanuel as Special Counsel
---------------------------------------------------------------
J. Crew Operating Corp., an affiliate of Chinos Holdings, Inc.,
received approval from the U.S. Bankruptcy Court for the Eastern
District of Virginia to employ Quinn Emanuel Urquhart & Sullivan,
LLP as special counsel.

Quinn Emanuel will assist the review committee formed by Debtor to
investigate claims or causes of action related to the transactions
that it approved and executed on Dec. 2, 2016 and June 12, 2017.

The firm's hourly rates are as follows:

     Partners                        $745 - $1,595
     Other Attorneys                 $625 - $1,270
     Law Clerks/Legal Assistants       $355 - $525

The attorneys who are expected to assist the review committee will
be paid at hourly rates as follows:

     Susheel Kirpalani, Partner             $1,595
     Eric Kay, Counsel                      $1,100
     Daniel Holzman, Counsel                $1,015
     Jennifer Nassiri, Counsel              $1,000
     Zachary Russell, Associate               $825
     Stella Li, Associate                     $700

Quinn Emanuel received a retainer in the amount of $300,000.

The following is provided in response to the request for additional
information pursuant to the Appendix B-Guidelines:

     1. Quinn Emanuel and the review committee did not agree to a
variation of the firm's standard billing arrangements.  The rate
structure provided by the firm is appropriate and is not
significantly different from the rates that it charges for other
non-bankruptcy representatives, or the rates of other comparably
skilled professionals.

     2. No professional at Quinn Emanuel varied his rate based on
the geographic location of Debtor's bankruptcy case.

     3. Quinn Emanuel followed the fee arrangement under its April
26 engagement agreement with Debtor.

     4. Debtor has not approved a budget and staffing plan for
Quinn Emanuel.

Susheel Kirpalani, Esq., a partner at Quinn Emanuel, disclosed in
court filings that the firm neither represents nor holds any
interest adverse to Debtor.

The firm can be reached through:
   
     Susheel Kirpalani, Esq.
     Quinn Emanuel Urquhart & Sullivan, LLP
     51 Madison Avenue, 22nd Floor
     New York, NY 10010
     Telephone: (212) 849-7000
     Facsimile: (212) 849-7100
     Email: susheelkirpalani@quinnemanuel.com

                       About Chinos Holdings

Chinos Holdings, Inc. designs apparels. It offers clothing for men,
women and children as well as accessories and serves customers
worldwide.

Chinos Holdings and its affiliates, including J.Crew Group, Inc.,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D. Va. Lead Case No. 20-32181) on May 4, 2020.  At the time of
the filing, Debtors disclosed assets of between $1 billion and $10
billion and liabilities of the same range.

Judge Keith L. Phillips oversees the cases.

The Debtors tapped Weil, Gotshal & Manges, LLP as bankruptcy
counsel; Hunton Andrews Kurth, LLP as local counsel; Lazard Freres
& Co. LLC; Alixpartners, LLP as financial advisor; Hilco Real
Estate, LLC as real estate advisor; KPMG LLP as tax consultant; and
Omni Agent Solutions, LLC as claims, noticing and solicitation
agent and as administrative advisor.

John Fitzgerald, III, acting U.S. trustee for Region 4, appointed a
committee of unsecured creditors.


CHINOS HOLDINGS: Seeks to Hire Lazard Freres as Investment Banker
-----------------------------------------------------------------
Chinos Holdings, Inc. and its affiliates seek approval from the
U.S. Bankruptcy Court for the Eastern District of Virginia to
employ Lazard Freres & Co. LLC as investment banker effective May
4.

The firm will provide the following investment banking services in
connection with Debtors' Chapter 11 cases:

     (a) review and analyze Debtors' businesses, operations and
financial projections;

     (b) evaluate Debtors' potential debt capacity in light of
their projected cash flows;

     (c) assist in determining an appropriate capital structure for
Debtors;

     (d) assist in determining a range of values for Debtors on a
going concern basis;

     (e) evaluate the financial terms of any proposed transaction;

     (f) advise Debtors on tactics and strategies for potentially
negotiating with their stakeholders and counterparties to the
transaction;

     (g) render financial advice to Debtors and participate in
meetings or negotiations with their stakeholders and other parties
in connection with the transaction;

     (h) advise Debtors on the timing, nature and terms of new
securities, other consideration or inducements to be offered
pursuant to the transaction;

     (i) evaluate any potential financing by Debtors, contact
potential sources of capital as Debtors may designate and assist in
implementing such financing;

     (j) assist Debtors in negotiating documentation within
Lazard's area of expertise that is required in connection with the
transaction; and

     (k) attend meetings of Debtors' board of directors.

Lazard will be compensated as follows:

     (a) A monthly fee of $150,000 beginning in March 2020.  

     (b) A fee of $9 million payable upon consummation of a
restructuring.

     (c) A fee equal to the total gross proceeds provided for in
any financing (including all amounts committed but not drawn down
under credit lines or other facilities) multiplied by (i) 1 percent
with respect to any senior secured debt financing or
debtor-in-possession financing, (ii) 2 percent with respect to any
junior secured or unsecured debt financing or (iii) 3 percent with
respect to any equity or equity-linked financing.  Fifty percent of
any financing fee paid will be credited against any restructuring
fee subsequently payable.

     (d) The aggregate amount of all fees shall not exceed $12.5
million.

During the 90-day period prior to the petition date, Lazard was
paid in the ordinary course certain fees and was reimbursed for
work-related expenses.  Specifically, Lazard was paid (i) $450,000
on account of monthly fees for March to May 2020; (ii) $4 million
on account of the fee earned by Lazard in connection with the
debtor-in-possession financing obtained by Debtors, and (iii)
$54,619.71 on account of expense reimbursements, including a
$10,000 retainer.  Additionally, Lazard was paid $1.3 million on
account of monthly fees under its prior engagement agreement for
the period of April 2019 to February 2020.  

Tyler Cowan, managing director of Lazard, 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:
   
     Tyler W. Cowan
     Lazard Freres & Co. LLC
     30 Rockefeller Plaza
     New York, NY 10020
     Telephone: (212) 632-6000

                       About Chinos Holdings

Chinos Holdings, Inc. designs apparels. It offers clothing for men,
women and children as well as accessories and serves customers
worldwide.

Chinos Holdings and its affiliates, including J.Crew Group, Inc.,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D. Va. Lead Case No. 20-32181) on May 4, 2020.  At the time of
the filing, Debtors disclosed assets of between $1 billion and $10
billion and liabilities of the same range.

Judge Keith L. Phillips oversees the cases.

The Debtors tapped Weil, Gotshal & Manges, LLP as bankruptcy
counsel; Hunton Andrews Kurth, LLP as local counsel; Lazard Freres
& Co. LLC; Alixpartners, LLP as financial advisor; Hilco Real
Estate, LLC as real estate advisor; KPMG LLP as tax consultant; and
Omni Agent Solutions, LLC as claims, noticing and solicitation
agent and as administrative advisor.

John Fitzgerald, III, acting U.S. trustee for Region 4, appointed a
committee of unsecured creditors.


CHINOS HOLDINGS: Taps AlixPartners as Financial Advisor
-------------------------------------------------------
Chinos Holdings, Inc. and its affiliates received approval from the
U.S. Bankruptcy Court for the Eastern District of Virginia to
employ AlixPartners, LLP as their financial advisor effective May
4.

The firm will provide these services in connection with Debtors'
Chapter 11 cases:

     (a) assist in evaluating and challenging Debtors' short-term
cash-flow projections, including underlying assumptions, and in
identifying liquidity enhancing opportunities;

     (b) assist in assessing Debtors' weekly liquidity and cash
flow models;

     (c) participate in contingency planning;

     (d) assist in developing revised business plan and other
related forecasts required by bank lenders or by Debtors for other
corporate purposes;

     (e) provide administrative support to the formulation of
Debtors' Chapter 11 plan of reorganization;

     (f) prepare key components of Debtors' bankruptcy plan and
disclosure statement, liquidation analysis, statements of financial
affairs and schedules of assets and liabilities, potential
preferences analysis, claims analyses, monthly operating reports
and other regular reporting required by the bankruptcy court;

     (g) assist in the implementation of bankruptcy court orders;

     (h) manage the claims and claims reconciliation processes;

     (i) assist Debtors with electronic data collection;

     (j) assist Debtors in negotiating or communicating with
stakeholders, banks, creditors and other parties; and

     (k) manage Debtors' payments to their vendors.

The firm's hourly rates are as follows:

     Managing Director                $1,000 – $1,195
     Director                             $800 – $950
     Senior Vice President                $645 – $735
     Vice President                       $470 – $630
     Consultant                           $175 – $465
     Paraprofessional                     $295 – $315

AlixPartners received an advance payment of $400,000 from Debtors.
During the 90-day period prior to their bankruptcy filing, Debtors
paid the firm a total of $5.15 million for professional fees and
expenses incurred.

Eric Koza, managing director of AlixPartners, 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 Koza
     AlixPartners, LLP
     909 Third Avenue, Floor 30
     New York, NY 10022
     Telephone: (212) 490-2500
     Facsimile: (212) 490-1344
     Email: ekoza@alixpartners.com

                       About Chinos Holdings

Chinos Holdings, Inc. designs apparels. It offers clothing for men,
women and children as well as accessories and serves customers
worldwide.

Chinos Holdings and its affiliates, including J.Crew Group, Inc.,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D. Va. Lead Case No. 20-32181) on May 4, 2020.  At the time of
the filing, Debtors disclosed assets of between $1 billion and $10
billion and liabilities of the same range.

Judge Keith L. Phillips oversees the cases.

The Debtors tapped Weil, Gotshal & Manges, LLP as bankruptcy
counsel; Hunton Andrews Kurth, LLP as local counsel; Lazard Freres
& Co. LLC; Alixpartners, LLP as financial advisor; Hilco Real
Estate, LLC as real estate advisor; KPMG LLP as tax consultant; and
Omni Agent Solutions, LLC as claims, noticing and solicitation
agent and as administrative advisor.

John Fitzgerald, III, acting U.S. trustee for Region 4, appointed a
committee of unsecured creditors.


CHINOS HOLDINGS: Taps Hunton Andrews as Co-Counsel
--------------------------------------------------
Chinos Holdings, Inc. and its affiliates received approval from the
U.S. Bankruptcy Court for the Eastern District of Virginia to
employ Hunton Andrews Kurth, LLP in connection with their Chapter
11 cases.

Hunton Andrews will serve as co-counsel with Weil, Gotshal & Manges
LLP, Debtors' lead bankruptcy counsel.

The hourly rates for the attorneys and paralegal who are expected
to handle the cases are as follows:

     Tyler Brown, Partner                  $970
     Justin Paget, Counsel                 $660
     Henry Long, III, Associate            $655
     Nathan Kramer, Associate              $565
     Jennifer Wuebker, Associate           $525
     Tina Canada, Paralegal                $270

Hunton received the sum of $340,000 from Debtors as retainer.  As
of May 4, the firm holds $164,299.14 of the retainer.

The following is provided in response to the request for additional
information pursuant to the Appendix B-Guidelines:

     (i) Hunton did not agree to any variations from, or
alternatives to, its standard or customary billing arrangements.

     (ii) No professional at Hunton has varied or will vary his
rate based on the geographic location of Debtors' bankruptcy
cases.

    (iii) No adjustment was made to either the billing rates or the
material financial terms of Hunton's pre-bankruptcy employment by
Debtors as a result of the filing of the Chapter 11 cases.

Tyler Brown, Esq., a partner at Hunton, 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:
   
     Tyler P. Brown, Esq.
     Hunton Andrews Kurth, LLP
     Riverfront Plaza, East Tower
     951 East Byrd Street
     Richmond, VA 23219
     Telephone: (804) 788-8200
                (804) 788-8674
     Facsimile: (804) 788-8218
     Email: tpbrown@HuntonAK.com

                       About Chinos Holdings

Chinos Holdings, Inc. designs apparels. It offers clothing for men,
women and children as well as accessories and serves customers
worldwide.

Chinos Holdings and its affiliates, including J.Crew Group, Inc.,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D. Va. Lead Case No. 20-32181) on May 4, 2020.  At the time of
the filing, Debtors disclosed assets of between $1 billion and $10
billion and liabilities of the same range.

Judge Keith L. Phillips oversees the cases.

The Debtors tapped Weil, Gotshal & Manges, LLP as bankruptcy
counsel; Hunton Andrews Kurth, LLP as local counsel; Lazard Freres
& Co. LLC; Alixpartners, LLP as financial advisor; Hilco Real
Estate, LLC as real estate advisor; KPMG LLP as tax consultant; and
Omni Agent Solutions, LLC as claims, noticing and solicitation
agent and as administrative advisor.

John Fitzgerald, III, acting U.S. trustee for Region 4, appointed a
committee of unsecured creditors.


CHRISTOPHER G. COMBS: Unsecureds to Have 100% Recovery in 10 Years
------------------------------------------------------------------
Christopher G. Combs Enterprise, LLC, filed with the U.S.
Bankruptcy Court for the Middle District of Florida, Jacksonville
Division, a Combined Disclosure Statement and Chapter 11 Plan of
Reorganization dated May 12, 2020.

Class 4 consists of All General Unsecured Claims, which include the
unsecured portion of Proof of Claim 5 filed by Vader Mountain
Capital. In full satisfaction of Class 4 Claims, the Debtor will
pay 100% of the allowed claims in this class over 120 months in
equal quarterly payments. Estimated quarterly payments are
$1,936.87.

Class 5 consists of any claim held by Equity Holders/Insiders.
Equity Holders and Insiders will receive no distribution under this
Plan but will retain the same ownership as they did prior to the
Petition Date.

Given the refined debt service as provided in this Plan, the Debtor
will continue its operations which will cover the required new debt
service payments.

A full-text copy of the Combined Plan and Disclosure Statement
dated May 12, 2020, is available at https://tinyurl.com/yboal8ou
from PacerMonitor.com at no charge.

Counsel for the Debtor:

         The Law Offices of Jason A. Burgess, LLC
         Jason A. Burgess
         Florida Bar No.: 40757
         1855 Mayport Road
         Atlantic Beach, Florida 32233
         Phone: (904) 372-4791

            About Christopher G. Combs Enterprise

Christopher G. Combs Enterprise filed a voluntary Chapter 11
petition (Bankr. M.D. Fla. Case No. 19-04717) on Dec. 12, 2019, and
is represented by Jason A. Burgess, Esq. at The Law Offices of
Jason A.  Burgess, LLC. The Debtor reported under $1 million in
both assets and liabilities.


CLAAR CELLARS: Exclusive Filing Period Extended to June 20
----------------------------------------------------------
Judge Whitman Holt of the U.S. Bankruptcy Court for the Eastern
District of Washington extended to June 20 the exclusivity period
during which Claar Cellars, LLC and affiliate RC Farms, LLC can
file their disclosure statements and proposed Chapter 11 plans of
reorganization.

The current market conditions and additional management
responsibilities have made it difficult for the companies to
prepare a bankruptcy plan.  Extension of the exclusivity period
would allow the companies to harvest and market or process their
crops, collect accounts receivable, and sell inventory.

                    About Claar Cellars LLC and
                           RC Farms LLC

Claar Cellars LLC -- https://www.claarcellars.com/ -- is a
family-owned estate winery.  It offers a selection of wines,
including Riesling, Cabernet Sauvignon, Merlot, Chardonnay,
Sauvignon Blanc, Syrah, Sangiovese, and newly planted Pinot Gris,
Viognier, Malbec and Petite Sirah.

Claar Cellars and its affiliate, RC Farms LLC, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Wash. Lead
Case No. 20-00044) on Jan. 9, 2020.  At the time of the filing, the
Debtors each had estimated assets of between $10 million and $50
million and liabilities of between $1 million and $10 million.  

Judge Whitman L. Holt oversees the cases.  

The Debtors are represented by Steven H. Sackmann, Esq., at
Sackmann Law, PLLC; Toni Meacham, Esq., Attorney at Law; and Roger
W. Bailey, Esq., at Bailey & Busey, PLLC.

A committee of unsecured creditors has been appointed in Claar
Cellars' bankruptcy case.  The committee is represented by
Southwell & O'Rourke, P.S.


CLEAN ENERGY: Incurs $2.56 Million Net Loss in 2019
---------------------------------------------------
Clean Energy Technologies, Inc., reported a net loss of $2.56
million on $1.61 million of sales for the year ended Dec. 31, 2019,
compared to a net loss of $2.81 million on $1.33 million of sales
for the year ended Dec. 31, 2018.

As of Dec. 31, 2019, the Company had $4.31 million in total assets,
$9.56 million in total liabilities, and a total stockholders'
deficit of $5.25 million.

The Company said, "Growing and operating our business will require
significant cash outlays and capital expenditures and commitments.
We have utilized cash on hand and cash generated from operations as
sources of liquidity.  If cash on hand and cash generated from
operations are not sufficient to meet our cash requirements, we
will need to seek additional capital, potentially through equity or
debt financing, to fund our growth. Our ability to access the
credit and capital markets in the future as a source of liquidity,
and the borrowing costs associated with such financing, are
dependent upon market conditions.

"In addition, any equity securities we issue, including any
preferred stock, may be on terms that are dilutive or potentially
dilutive to our stockholders, and the prices at which new investors
would be willing to purchase our securities may be lower than the
offering price per share of our Common Stock.  The holders of any
equity securities we issue, including any preferred stock, may also
have rights, preferences or privileges which are senior to those of
existing holders of Common Stock.  If new sources of financing are
required, but are insufficient or unavailable, we will be required
to modify our growth and operating plans based on available
funding, if any, which would harm our ability to grow our
business."

Fruci & Associates II, PLLC, the Company's auditor since 2015,
issued a "going concern" qualification in its report dated May 27,
2020, citing that the Company has a significant accumulated
deficit, net losses, and negative working capital and has utilized
significant net cash in operations.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.

A full-text copy of the Annual Report is available for free at the
Securities and Exchange Commission's website at:

                      https://is.gd/5mNIfU

                       About Clean Energy

Headquartered in Costa Mesa, California, Clean Energy Technologies,
Inc. -- http://www.cetyinc.com/-- designs, produces and markets
clean energy products and integrated solutions focused on energy
efficiency and renewables.


COLFAX CORP: S&P Downgrades ICR to 'BB', Outlook Negative
---------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Colfax Corp.
to 'BB' from 'BB+'. At the same time, S&P lowered its rating on the
company's unsecured notes to 'BB' from 'BB+'. S&P's '3' recovery
rating remains unchanged.

S&P expects Colfax's operating performance to be negatively
impacted this year because of the macroeconomic environment and
shelter-in-place measures to slow the spread of COVID-19. Given the
curtailment of elective medical procedures, organized sports
activities, and fewer workplace injuries, Colfax's medical
technology (MedTech) segment's daily sales in April 2020 saw a
decline of 60% year-over-year, with reconstructive sales down by
70% and preventative and rehabilitation sales down by 55%. S&P
believes MedTech's performance will improve as hospitals improve
capacity when infection rates associated with COVID-19 decline. At
the end of April 2020, many states announced they would resume
allowing elective surgeries. Still, S&P believes that Colfax's
revenues could remain under pressure for the year, depending on how
fast rehabilitation services resume.

While the declines in the company's fabrication technology
(FabTech) division (comprised primarily of the production of
welding equipment) were less pronounced, it still suffered from a
difficult month of April. With countrywide factory closures for
many of Colfax's customers, and lower short-cycle demand, the
FabTech segment's daily sales in April 2020 declined by around 30%
year-over-year. S&P expects to see improvement in this trend
continue over the second and third quarters, but believe the
segment will continue to face year-over-year declines.

"For Colfax overall, we expect revenue decline in the mid-teens
percentage area over fiscal 2020. The company implemented
cost-saving measures in the second quarter, which should somewhat
alleviate pressure on profitability. Moreover, with the elimination
of transaction costs from the integration of its DJO Global
acquisition last year, we still expect a modest improvement in
margins," S&P said.

Credit metrics will weaken as a result of lower EBITDA levels and
reduced free operating cash flow. Pursuant to the acquisition of
orthopedic solutions business DJO, Colfax had issued $1.0 billion
of senior notes in February 2019, which increased its leverage
levels to the low-5x area at the end of 2019 (inclusive of
transaction and restructuring costs, which reduced EBITDA).

"Despite the pay-down of part of the debt via proceeds from the Air
and Gas Handling divestiture, leverage has remained above our
previous downside trigger of 4x. We previously expected the company
to reduce leverage to the low end of the 3x-4x range given expected
roll-off of one-time costs and our expectation for the company to
generate relatively good free operating cash flow. We now believe
Colfax's leverage will be above 5x in 2020 given the macroeconomic
headwinds facing industrial production and elective surgeries," S&P
said.

The company maintains sufficient liquidity thanks to availability
on its revolving credit facility and the recent amendment of its
financial covenants. Colfax had $365 million in cash and $675
million available on its revolving credit facility as of April 3,
2020. During the first quarter of 2020, Colfax drew $250 million
from its revolving credit facilities to maintain their liquidity
position. Management has also indicated they plan to implement
cost-saving measures and deferrals of discretionary cash outlays,
such as suspension of share repurchases and a reduction in certain
capital expenditures (capex), to maintain sufficient liquidity.
These actions support S&P's view that the company will maintain
adequate liquidity. Furthermore, the company recently amended its
credit agreement to, among other things, provide additional
covenant cushion. Specifically, the company's maximum total net
leverage covenant increased to 6.5x from 4.25x, and it now has the
ability to net up to $125 million of cash from its debt calculation
(previously a gross calculation). It also decreased the required
EBITDA coverage of interest to 2.75x from 3x, providing greater
flexibility.

"In our view, this provides some relief in case of a
greater-than-anticipated EBITDA decline over the next few
quarters," S&P said.

"The negative outlook reflects our expectation that S&P Global
Ratings-adjusted leverage will remain above 5x in 2020 before
reducing to the 4x-5x range. Therefore, we could lower the rating
over the next 12 months if global macroeconomic conditions are
worse than we currently expect, leading to sustained elevated
leverage metrics for the rating," the rating agency said.

S&P could lower its ratings on Colfax over the next 12 months if
the company's operating performance declines further, possibly due
to diminished demand for its products, such that its debt to EBITDA
remains above 5x. While less likely under current macroeconomic
conditions, S&P could also lower the rating if the company makes
financial policy decisions, particularly as it relates to
shareholder returns and acquisitions, that enable it to sustain
leverage above 5x.

"We could revise the outlook to stable if we begin to see signs of
a broad economic stabilization resulting in a high likelihood that
demand for the company's products return to more normalized levels.
Under this scenario, we would expect the company to reduce leverage
and maintain it well below 5x. At the same time, we would need to
believe the company's financial policies would support this
improved level of leverage," the rating agency said.


COMPASS POWER: S&P Affirms 'BB-' Debt Rating; Outlook Stable
------------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' rating on Compass Power
Generation LLC's $744 million term loan B due 2024 and $60 million
revolving credit facility due 2022. The recovery rating on the debt
is '2'.

Contracted capacity revenue provides cash flow predictability in
the near term, but weak power prices and S&P's revised capacity
prices for the uncleared periods pressure long-term cash flows.
Contractual provisions represent the portfolio's primary strength:

Marcus Hook Energy Center: capacity contract with LIPA through
2030, which is priced above current PJM capacity prices. While LIPA
would only rely on this power in the case of emergency, thus
preventing the majority of the capacity from being bid into PJM
(the asset sits in Pennsylvania), because it does not dispatch to
LIPA, it can and does sell power, with a rather high capacity
factor, into PJM. It also bids some capacity, in excess of its
commitment to LIPA, into PJM.

Milford: based on a seven-year capacity lock, it has cleared
capacity through 2027 by increasing its capacity by more than 20%.
However, it still faces risk of capacity prices after 2027 and,
more immediately, faces weaker spark spreads due to lower demand
growth in ISO-NE.

Dighton: cleared capacity in ISO-NE through 2022. It currently is
exposed to power prices; after 2022, its market exposure is much
more substantial.

S&P has revised its capacity price assumptions, particularly for
the ISO-NE region, that affect Compass Dighton plant in the short
and long term and the Milford plant after 2027.

S&P's new price assumptions are $2.75 per kilowatt-month
(/kW-month) for the forward capacity auction (FCA15), compared with
the rating agency's previously expected $5/kW-month. FCA15 applies
to capacity year 2024-2025. The assumption for FCA16 is
$3.50/kW-month, escalating at 2% in future years, compared with the
previously expected $5.5/kW-month.

"While we expect strong DSCRs through 2024, coverage ratios
decrease after 2025 because we model a fully amortizing debt
profile. While we note the project could chose a different
refinancing strategy, under this scenario, minimum DSCR is about
1.3x in 2025," S&P said.

"We expect Compass to continue sweeping cash through 2024, at which
time we expect it to refinance a term loan B amount of about $462
million compared with the $700 million outstanding as of March 31,
2020. Although power prices in both PJM and ISO-NE remain depressed
due to weak demand and mild weather in the past two years (and we
expect 2020 to be a weak year in terms of demand and pricing due to
the COVID-19 pandemic), the project was able to repay about $50
million in debt since 2017. These include $7.4 million every year
in annual mandatory amortizations plus about $30 million through
cash flow sweeps, remaining aligned to its target debt balance,"
the rating agency said.

Under its base case, S&P continues to expect that the project will
remain in line with its term loan B because the rating agency
expects DSCRs of about 2x through 2024.

"We note that Marcus Hook is the asset that is more dependent on
energy margins, with capacity factors typically above 60%, compared
to Milford and Dighton which are less efficient (a higher heat
rate) and therefore running at much lower capacity factors," S&P
said.

"We view the project's lenders' secondary claim to its primary
asset, Marcus Hook, in a default event as a transaction structure
weakness. In the event of default, Compass' term loan B lenders
would have a priority claim to the assets of Milford and Dighton,
but a secondary claim to the assets of Marcus Hook, with most of
the portfolio's value. We consider this to be a transaction
structure weakness, and adjust the preliminary rating downward by
one notch," the rating agency said.

The stable outlook reflects S&P's view that, even in the context of
weak power prices and low demand, the project will continue to
sweep cash in 2020, remaining aligned to its target debt balance.
S&P expects DSCRs of above 2x through 2024 and a minimum of about
1.3x after 2025, when the rating agency models a fully amortizing
refinancing profile.

"We could lower the rating or revise the outlook to negative if
Compass does not sweep enough cash in 2020 in order to remain in
line with its target debt balance, and we believe that it would
start lagging significantly behind in the upcoming years, also
resulting in a DSCR consistently below 1.3x. This could occur if
energy margins remain weaker than already expected," S&P said.

"While currently unlikely, we could raise the rating if the project
swept a material amount of cash in the next few years so that our
forecast minimum DSCR exceeded 1.6x. Such an increase would likely
require a pronounced improvement in power pricing," the rating
agency said.


DANCOR TRANSIT: $2.6M Sale of Dallas Property to JVM Approved
-------------------------------------------------------------
Judge Ben Barry of the U.S. Bankruptcy Court for the Western
District of Arkansas authorized Dancor Transit, Inc.'s sale of the
real estate and improvements located at 2340 Lombardy Lane, Dallas,
Texas to JVM Duncanville, LLC for $2,635,000.

The notice of the Motion and Sale Hearing and notice of the
rejection of the Existing Lease are approved.

The Agreement, all exhibits and schedules thereto, and all of the
terms and conditions thereof are approved.

The sale is free and clear of all Released Claims/Interests, with
all the same released, terminated and discharged as to the Property
and will thereafter be transferred and attached to the proceeds of
the sale.

On the Closing Date, simultaneously with, and as a condition
precedent to Closing, the Title Company is authorized to:

     a. pay in full any and all real estate taxes (and other
assessments, including but not limited to, property owners'
association ("POA") or other assessment), current or delinquent,
related in any way to the Property, including, but not limited to,
the Seller's prorated portion of all real estate taxes (and other
assessments, including but not limited to, POA or other assessment)
for tax periods prior to year 2020;

     b. pay in full and cause the full and complete releases to be
filed of record in the Real Property Records of Dallas County,
Texas with respect to the following:  

          (i) Tax lien evidenced by that certain instrument from
Dan Bearden to FYP, LLC filed 06/06/2019, recorded in cc#
201900145209, Real Property Records of Dallas County, Texas.  

         (ii) Certified Statement of Transfer of Tax Lien filed
06/20/2019, recorded in cc# 201900158140, Real Property Records,
Dallas County, Texas.  

        (iii) Certified Statement of Transfer of Tax Lien filed
06/20/2019, recorded in cc# 201900158141, Real Property Records,
Dallas County, Texas.

     c. pay in full the loan ("Loan 22557") previously advanced by
Seacoast Commerce Bank and cause the full and complete releases to
be filed of record in the Real Property Records of Dallas County,
Texas with respect to any and all Liens or other Monetary
Encumbrances related to such Loan 22557, including, but not limited
to, the Seacoast Loan Documents, as defined in the Agreement and/or
Motion;  

     d. pay in full any and all required closing costs and tax
and/or other expense prorations for the sale, which are owed (and
to be paid) by the Seller pursuant to the Agreement; and

     e. pay in full $75,000 for a real estate commission for the
sale of the Property.

The Title Company is further authorized to pay proceeds remaining
from the sale of the Property (after payments described) to the
counsel for the Debtor to be held in the Debtor's counsel's
Interest on Lawyers Trust Account, and such proceeds will become
property of the Debtor's estate which will not be used or disbursed
until further order of the Court authorizes or directs disbursement
of the remaining proceeds.  Seacoast is not waiving its right to
assert a claim to such excess proceeds, to the extent such claim
exists.

There will be no assignment fees, increases, or any other fees
charged to the Purchaser as a result of the assumption, assignment,
and sale of the Third Party Warranties and the Permits.

Purchaser, at its own expense, is authorized to file, register, or
otherwise record a certified copy of the Order and, if any person
or entity that has filed financing statements, mortgages,
mechanic's liens, lis pendens, or other documents or agreements
evidencing claims or interests with respect to the Property will
not have delivered to the Seller prior to the Closing Date, in
proper form for filing and executed by the appropriate parties,
releases of any such claims or interests which the person or entity
has with respect to the Property, once such certified copy of the
Order is filed, registered, or otherwise recorded, such certified
copy will constitute conclusive evidence of the release of all
Released Claims/Interests, to the extent provided therein.

Notwithstanding any other provisions in the Order to the contrary,
the Order will not affect any terms of the Billboard Lease, the
rights/obligations of the lessee (its successors and assigns) under
the Billboard Lease, or the rights/obligations of the lessor (its
successors and assigns) under the Billboard Lease.  Moreover, the
Billboard Lease is not included in the term "Released
Claims/Interests" as defined in the Order.

Notwithstanding the provisions of Bankruptcy Rules 6004(h) and
6006(d), there is no stay pursuant to Bankruptcy Rule 6004(h) or
6006(d) and the Order will be effective and enforceable immediately
upon entry.

The counsel for the Debtor will (i) serve a copy of this Order by
mail to all interested parties who were not served electronically;
and (ii) file a report of the sale of the Property with the Court
within five business day of the Closing and attach the Closing
statement.

                       About Dancor Transit

Dancor Transit Inc., a trucking company headquartered in Van
Buren,
Ark., sought Chapter 11 protection (Bankr. W.D. Ark. Case No.
20-70536) on Feb. 27, 2020.  The petition was signed by Dancor
President Dan Bearden.  At the time of the filing, the Debtor was
estimated to have assets of between $1 million and $10 million and
estimated liabilities of the same range.  Keech Law Firm, PA, led
by Kevin P. Keech, Esq., is the Debtor's legal counsel.


DIRECTORY DISTRIBUTING: Trustee Taps Epiq as Claims Agent
---------------------------------------------------------
John Vaclavek, the trustee appointed in Directory Distributing
Associates, Inc.'s Chapter 11 case, received approval from the U.S.
Bankruptcy Court for the Eastern District of Missouri to hire Epiq
Corporate Restructuring, LLC as claims agent and balloting agent.

The firm will oversee the distribution of notices to creditors who
are eligible to submit proofs of claim under the Fair Labor
Standards Act and who are eligible to submit ballots on the Chapter
11 plan of liquidation proposed by the trustee for Directory
Distributing and its affiliates.

The firm's hourly rates are as follows:

     Clerical/Administrative Support     $27 - $50
     IT/Programming                      $70 - $94
     Case Manager                        $75 - $182
     Consultants/Directors/VPs          $180 - $210  
     Solicitation Consultant                $209
     Executive VP, Solicitation             $237
     Executives                            Waived

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

The firm can be reached through:

     Brad Tuttle
     Epiq Corporate Restructuring, LLC
     777 3rd Avenue
     New York, NY 10017
     Phone: +1 312 560 6333
     E-mail: btuttle@epiqglobal.com

              About Directory Distributing Associates

Directory Distributing Associates, Inc., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mo. Case No.
16-47428) on Oct. 14, 2016.  At the time of the bankruptcy filing,
Debtor was estimated to have assets of $1 million to $10 million
and liabilities at $100,000 to $500,000.

The case is assigned to Judge Kathy A. Surratt-States.  

Carmody MacDonald P.C. is the Debtor's legal counsel.  The Debtor
hired McCarthy Leonard & Kaemmerer L.C. as special counsel for
labor and employment class action matters; Carr Allison as special
counsel for works compensation; Gold Weems as special counsel for
workers compensation and subrogation litigation matters in
Louisiana.  The Debtor also hired Lewis Brisbois and Walker &
Patterson, P.C. as its special counsel.

John P. Vaclavek has been named as Chapter 11 trustee for Debtor.
The Trustee retained Thompson Coburn LLP as counsel; Carmody
MacDonald, P.C. as special counsel; and Williams-Keepers LLC as
accountant.

No official unsecured creditors committee has been appointed in
Debtor's bankruptcy case.


DIVERSIFIED HEALTHCARE: S&P Affirms 'BB' Issuer Credit Rating
-------------------------------------------------------------
S&P Global Ratings affirmed the 'BB' issuer credit rating on
Diversified Healthcare Trust (DHC).

S&P is lowering the issue-level ratings on the company's existing
unsecured senior notes to 'BB' from 'BB+' and revising its recovery
ratings to '3' from '2' to reflect that the new guaranteed notes
will have structural seniority with respect to those entities that
guarantee it, over the existing unsecured senior notes and the
existing unsecured credit facilities, both of which do not benefit
from subsidiary guarantees. The '3' recovery rating indicates
meaningful (50%-70%, rounded est. 60%) recovery prospects in the
event of a payment default.

On May 28, 2020, S&P assigned a 'BB+' issue-level rating and '2'
recovery rating to DHC's senior unsecured notes that have
subsidiary guarantees. These notes will be structurally senior to
the company's existing unsecured notes and unsecured credit
facility. Because of significant upsized offering (from $500
million) and the structural subordination of the notes without
guarantees, S&P is lowering its recovery rating to '3' from '2' and
issue-level rating to 'BB' from 'BB+' on those notes.

As of March 31, 2020, Diversified Healthcare Trust (DHC) ended the
quarter with $415 million of availability under its $1 billion
revolving credit facility, as well as approximately $70 million in
unrestricted cash. Moreover, the company used its revolving credit
facility to retire the $200 million of senior unsecured notes that
were due in April 2020. S&P expects DHC to use the net proceeds
from its recent $1 billion offering to repay its $250 million term
loan that is due in June 2020 and reduce the outstanding balance on
its revolving credit facility. Pro forma from these transactions,
DHC will have no significant near-term debt maturities until its
$300 million senior unsecured notes come due in December 2021. S&P
projects that DHC's revolver will also be virtually undrawn even
after the $250 million term loan is repaid.

S&P will continue to monitor the coronavirus pandemic's effects on
DHC, particularly on it seniors housing operating portfolio (SHOP;
39.2% of cash net operating income as of March 31, 2020) assets,
which the rating agency expects will face significant cash flow
deterioration in 2020. If a second wave of COVID-19 cases leads to
occupancy declines that are materially worse than S&P's current
projections, it could place additional pressure on S&P's current
rating.

Environmental, Social, and Governance (ESG) credit factors for this
credit rating change:

-- Health and safety

The stable outlook reflects S&P's expectation that DHC's SHOP
assets will likely remain under pressure over the next 12-24
months, creating some pressure on cash flows and highlighting the
potential volatility that managed portfolios can create. The rating
agency believes the company will be able to execute its planned
dispositions to reduce leverage such that S&P Global Ratings'
adjusted debt to EBITDA declines to the low- to mid-6x area by
year-end 2020.

"We could lower the rating if the company alters its financial
policy and pursues debt-funded growth or shareholder-friendly
initiatives such that adjusted debt to EBITDA rises to the mid-8x
area for a sustained period. We could also lower the rating if the
SHOP exposure rises to around 50% of total net operating income
(NOI), or if cash flows are materially weaker than we project due
to sustained lower occupancy, which could prompt a potential
reassessment of the business risk," S&P said.

"While unlikely over the next 12 months, we could raise the rating
by one notch if the operating performance at the company's SHOP
assets improves materially, such that it performs at a level near
key peers. In conjunction, we would expect DHC to execute its
planned asset sales such that S&P Global Ratings' adjusted debt to
EBITDA declines to 6x or below, with exposure to Five Star
remaining below 40% of NOI. We could also raise the rating by one
notch if the company materially reduces its managed seniors housing
exposure and replaces it with lower-risk triple-net senior housing
assets, life science, or medical office building properties," the
rating agency said.


DOMINION GROUP: Creditors Committee Objects to Plan Disclosures
---------------------------------------------------------------
The Official Committee of Unsecured Creditors of Cape Quarry, LLC,
objects to the Disclosure Statement jointly filed by debtors
Dominion Group, LLC and Cape Quarry, LLC.

In support of the objection, the Committee asserts that:

   * The problems and deficiencies with adequate disclosure in the
Disclosure Statement are material and put the Disclosure Statement
outside the acceptable standards for compliance with required
disclosures under Section 1125 of the Bankruptcy Code. As a result,
the Disclosure Statement should not be approved until the Debtors
either amend or draft a new disclosure statement in compliance with
the law.

   * The Disclosure Statement mentions an approximate value of the
Cape Quarry mine but does not contain a description and valuation
of any other assets. The Disclosure Statement lacks the required
information and should not be approved until the information is
added.

   * The Disclosure Statement states that the Debtors and the Exit
Lender have reached an agreement wherein Exit Lender will lend to
the Debtors the sum of $1,500,000.00 on the Effective Date of a
Plan. However, the identity of the Exit Lender is not disclosed in
either the Disclosure Statement or Plan.

   * The Disclosure Statement does not describe the claims against
Cline, the terms of the Redemption Agreement, identify who holds
interests in 5 S Group, the value of Cline’s interest in the
Redemption Agreement, and why the transfer of such interest is
sufficient for the Debtors to release any claims against Cline.

   * The Disclosure Statement does not contain financial
projections of future operations or other information demonstrating
the feasibility of the Plan. The Disclosure Statement should not be
approved until the information is added.

A full-text copy of the Committee's objection to disclosure
statement dated May 12, 2020, is available at
https://tinyurl.com/yc69q272 from PacerMonitor at no charge.

Attorneys for the Creditors Committee:

         SIMON PERAGINE SMITH & REDFEARN, LLP
         Energy Centre
         1100 Poydras Street, 30th Floor
         New Orleans, LA 70163
         Telephone: (504) 569-2030
         Facsimile: (504) 569-2999
         E-mail: patrickg@spsr-law.com

                     About Dominion Group

Dominion Group -- https://www.dominiongp.com/ -- is a turn-key bulk
materials producer and provider, which operates marine terminals
and provides transportation and logistics support serving
businesses on the Mississippi River and Gulf Coast. Cape Quarry, a
wholly-owned subsidiary of Dominion, owns and operates a limestone
quarry in Cape Girardeau County, Missouri.

Dominion Group, LLC, based in Baton Rouge, LA, and its
debtor-affiliates sought Chapter 11 protection (Bankr. E.D. La.
Lead Case No. 19-12366) on Sept. 3, 2019.  In the petition signed
by Joe William Cline, III, manager, Dominion Group was estimated to
have assets and liabilities of $1 million to $10 million; and Cape
Quarry LLC was estimated assets of $10 million to $50 million and
estimated liabilities of $1 million to $10 million.

The Hon. Jerry A. Brown oversees the case.

The Debtors hired ADAMS & REESE LLP as counsel; CHIRON ADVISORY
SERVICES LLC as financial advisor; and CHIRON FINANCIAL LLC as
investment banker.


DOVETAIL GALLERY: PA DOR Objects to Disclosure & Plan
-----------------------------------------------------
Commonwealth of Pennsylvania, Office of Attorney General, on behalf
of the Pennsylvania Department of Revenue, objects to the approval
of the Disclosure Statement and to confirmation of the Chapter 11
Plan of Reorganization of debtor Dovetail Gallery Limited d/b/a
Dovetail Gallery, Inc.

The Pennsylvania Department of Revenue (PA DOR) is a
party-in-interest having asserted a claim for prepetition unpaid
taxes in the amount of $28,514.  Of this sum, $12,329 is asserted
as a secured claim and $10,732 as a priority claim.

In its objection, the PA DOR asserts that:

   * The Plan fails to provide for the full allowed amount of the
priority claim of the PA DOR.

   * The Plan fails to provide for the full amount of the secured
claim of the PA DOR.

   * The Plan provides for replacement liens, however PA DOR
already has existing liens against all of Debtor's property and
does not consent to any plan in which said liens are not retained
until paid in full.

   * Because the Plan is not capable of confirmation, is it
appropriate to refuse the approval of the disclosure statement.

A full-text copy of the Department of Revenue's objection to
disclosure and plan dated May 14, 2020, is available at
https://tinyurl.com/yaj62j44 from PacerMonitor at no charge.

                 About Dovetail Gallery Limited

Dovetail Gallery Limited, which conducts business under the names
The Dovetail Gallery and Dovetail Gallery, Inc., filed a Chapter 11
petition (Bankr. W.D. Pa. Case No. 19-10134) on Feb. 14, 2019. In
the petition signed by its president, Gary Cacchione, the Debtor
disclosed assets of between $500,001 and $1 million and liabilities
of the same range. Judge Thomas P. Agresti oversees the case. The
Debtor is represented by Michael P. Kruszewski, Esq., and the Quinn
Law Firm. No committee of unsecured creditors has been appointed in
the Debtor's case.


DOVETAIL GALLERY: Pennsylvania L&I Objects to Disclosure & Plan
---------------------------------------------------------------
Commonwealth of Pennsylvania, Department of Labor & Industry,
Unemployment Compensation Fund (L & I), objects to the approval of
the Disclosure Statement and to confirmation of the Chapter 11 Plan
of Reorganization of Debtor Dovetail Gallery Limited dba Dovetail
Gallery, Inc.

L & I is a party-in-interest in the case, having filed a claim for
prepetition Unemployment Compensation (UC) secured and priority
taxes in the total amount of $154,643.  Of this amount, $152,505 is
secured and $2,138 is priority.

L & I asserts that:

    * The Plan proposes paying L&I's secured claim from the sale of
non-debtor assets, minus exemptions (which is inapplicable to L&I
as its liens are statutory, not judicial), granted a replacement
lien, and paid pro rata over the course of 72 months at 5%
interest.  It is not clear why a replacement lien is necessary, as
L&I's liens attach to all Debtor's property.

    * The Plan is not confirmable because it does not comply with
11 U.S.C. Sec. 1129(a)(9)(c) as it does not provide for payment of
L&I's secured and priority claims within 60 months of the petition
date.  Additionally, the Plan does not provide for Unemployment
Compensation’s statutory rate of 12%.

    * The Debtor did not demonstrate before the pandemic that it is
capable of operating without incurring additional debt, and it is
not clear that they can operate in a manner that benefits creditors
moving forward.

L&I requests that the Debtor's Disclosure Statement and Plan for
Reorganization be denied.

A full-text copy of the Department of Labor & Industry's objection
to disclosure and plan dated May 14, 2020, is available at
https://tinyurl.com/yddr4r57 from PacerMonitor at no charge.

                 About Dovetail Gallery Limited

Dovetail Gallery Limited, which conducts business under the names
The Dovetail Gallery and Dovetail Gallery, Inc., filed a Chapter 11
petition (Bankr. W.D. Pa. Case No. 19-10134) on Feb. 14, 2019.  In
the petition signed by its president, Gary Cacchione, the Debtor
disclosed assets of between $500,001 and $1 million and liabilities
of the same range.  Judge Thomas P. Agresti oversees the case.  The
Debtor is represented by Michael P. Kruszewski, Esq., and the Quinn
Law Firm.  No committee of unsecured creditors has been appointed
in the Debtor's case.


DOWNSTREAM DEVELOPMENT AUTHORITY: S&P Raises ICR to 'CCC'
---------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Downstream
Development Authority (DDA) to 'CCC' from 'SD' (selective default)
to reflect its belief that DDA's liquidity will remain less than
adequate, despite the reduction in its liquidity uses this year due
to the term loan modification, because of the effects of the
coronavirus pandemic and a potentially weak recovery following the
recent re-opening of its casino.

The upgrade follows DDA's waiver agreement with its term loan
lenders, under which DDA's lenders agreed not to view its failure
to make the quarterly principal payments due on its term loan as an
event of default as long as it pays at least the accrued interest
for the quarters ending March 31, 2020, through Sept. 30, 2020.

Meanwhile, S&P is affirming its 'CCC' issue-level rating on DDA's
senior notes and is removing the rating from CreditWatch, where S&P
placed it with negative implications on March 20, 2020.

The 'CCC' rating reflects DDA's reliance on favorable market
conditions to generate sufficient cash flow to meet its near-term
debt obligations following its reopening.  Although the term loan
modification has somewhat reduced DDA's liquidity needs this year,
it is highly reliant on a return to positive cash flow generation
following the recent reopening of its casino to cover its near-term
liquidity needs, specifically its $14 million semi-annual bond
interest payment due Aug. 15, 2020. DDA temporarily closed its
casino in March 2020 due to the pandemic. While the casino was
closed, DDA burned cash to cover its payroll expense, minimal
capital expenditure, and the interest on its term loan, which
depleted a portion of its liquidity. DDA estimates that it burned
$2 million a month at its Downstream Casino Resort while the
property remained closed, which incorporates its cost-reduction and
liquidity preservation efforts, including furloughing the majority
of its work force and negotiating the term loan principal waiver.

DDA reopened its Downstream Casino Resort on May 21, 2020, though
at reduced capacity in line with the state's guidelines on social
distancing.

"We believe that it will take some time for the property's
performance to recover to pre-pandemic levels because the U.S. is
currently in a recession and the unemployment rate is high, which
may impair consumer discretionary spending. Additionally, we
believe consumers may be reluctant to enter enclosed public spaces
because of continued fear of the virus." Additionally, the social
distancing and other health and safety measures DDA implemented at
the property may negatively affect its customers' experience, at
least for some time," S&P said.

A weak recovery following the casino's reopening could pressure
DDA's liquidity and its ability to make the August interest
payment.  As of May 15, 2020, DDA had about $17.5 million of cash
on its balance sheet.

S&P believes DDA used a portion of this cash to reopen its casino
and believes it must use an additional portion for cage cash (DDA
does not have a revolver). DDA must make a large semi-annual bond
interest payment of approximately $14 million in August 2020 and it
estimates that it currently has enough cash on hand to cover about
half of this payment. S&P believes that DDA's cash on hand,
combined with the rating agency's forecast for its cash flow
generation over the next few months, should provide it with
sufficient liquidity (albeit with a limited cushion) to cover its
near-term debt service obligations as it works to improve its
casino's performance to pre-COVID levels. However, S&P does not
believe DDA could absorb additional operating pressures, beyond
what the rating agency has already assumed, as DDA navigates
through the pandemic without receiving additional liquidity or
undertaking some form of restructuring.

Environmental, social, and governance (ESG) credit factors for this
credit rating change:

-- Health and safety

The negative outlook reflects that S&P could lower its ratings on
DDA if it believes a near-term conventional default, restructuring,
or a transaction that it views as tantamount to a default is a near
certainty.

"We would likely lower our ratings on DDA if its liquidity position
deteriorates because of a weak recovery following the recent
reopening of its casino or if we believe a default or restructuring
of some form is likely in the next six months. A weak recovery
could occur due to some combination of impaired consumer
discretionary spending because of the ongoing recession, continued
social distancing measures that reduce its gaming capacity and
negatively affect its customers' experience, and possible consumer
fears about being in enclosed public spaces," S&P said.

"It is unlikely that we will revise our outlook on DDA to stable or
raise our ratings on DDA until we can assess the pace of the
recovery in its cash flow later this year and into 2021, as well as
its ability to rebuild the cash balances it depleted during the
closure of its casino. However, we could revise our outlook to
stable or raise our rating if we believe DDA can generate a
run-rate level of EBITDA that would comfortably cover its fixed
charges over the long term," the rating agency said.


DPW HOLDINGS: Issues $200,000 Convertible Promissory Note
---------------------------------------------------------
DPW Holdings, Inc. disclosed that on May 28, 2020, it entered into
a Securities Purchase and Exchange Agreement with an institutional
investor, pursuant to which the Company agreed to exchange a 12%
secured promissory note in the original principal face amount of
approximately $236,000 issued to the Investor in January of 2020
for a new note of like tenor due and payable on June 30, 2020 that
would become convertible into common stock of the Company should
the Company be in default under the terms of the Exchanged Note.
In addition, pursuant to the Agreement the Company issued to the
Investor a note due and payable on Nov. 28, 2020 in the principal
face amount of $200,000 that becomes convertible into Common Stock
commencing June 30, 2020 with an original issue discount of 20%.
In conjunction with the issuance of the Convertible Note, the
Company also issued to the Investor a warrant to purchase an
aggregate of 400,000 shares of Common Stock at an exercise price of
$1.07, the closing price of the Common Stock on May 28, 2020.  Each
of the conversion of the Notes and the exercise of Warrant is
subject to approval of the NYSE American.

                      About DPW Holdings

DPW Holdings, Inc. -- http://www.DPWHoldings.com/-- is a
diversified holding company pursuing growth by acquiring
undervalued businesses and disruptive technologies with a global
impact.  Through its wholly and majority-owned subsidiaries and
strategic investments, the Company provides mission-critical
products that support a diverse range of industries, including
defense/aerospace, industrial, telecommunications, medical, and
textiles.  In addition, the Company owns a select portfolio of
commercial hospitality properties and extends credit to select
entrepreneurial businesses through a licensed lending subsidiary.
DPW's headquarters are located at 201 Shipyard Way, Suite E,
Newport Beach, CA 92663; www.DPWHoldings.com.

DPW Holdings recorded a net loss available to common stockholders
of $32.93 million for the year ended Dec. 31, 2019, compared to a
net loss available to common stockholders of $32.34 million for the
year ended Dec. 31, 2018.  As of Dec. 31, 2019, the Company had
$42.75 million in total assets, $35.80 million in total
liabilities, and $6.95 million in total stockholders' equity.

Ziv Haft., Certified Public Accountants (Isr.) BDO Member Firm, the
Company's auditor since 2012, issued a "going concern"
qualification in its report dated May 29, 2020 citing that the
Company has a working capital deficiency, has incurred significant
losses and 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.


DPW HOLDINGS: Posts $32.9 Million Net Loss in 2019
--------------------------------------------------
DPW Holdings, Inc., reported a net loss available to common
stockholders of $32.93 million on $26.51 million of total revenue
for the year ended Dec. 31, 2019, compared to a net loss available
to common stockholders of $32.34 million on $27.15 million of total
revenue for the year ended Dec. 31, 2018.

As of Dec. 31, 2019, the Company had $42.75 million in total
assets, $35.80 million in total liabilities, and $6.95 million in
total stockholders' equity.

Ziv Haft., Certified Public Accountants (Isr.) BDO Member Firm, the
Company's auditor since 2012, issued a "going concern"
qualification in its report dated May 29, 2020 citing that the
Company has a working capital deficiency, has incurred significant
losses and 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.

As of Dec. 31, 2019, the Company had cash and cash equivalents of
$488,553, an accumulated deficit of $88,650,465 and a negative
working capital of $19,150,075.  In the past, the Company has
financed its operations principally through issuances of
convertible debt, promissory notes and equity securities.  During
2019, the Company continued to successfully obtain additional
equity and debt financing and in restructuring existing debt.

The Company expects to continue to incur losses for the foreseeable
future and needs to raise additional capital to continue its
business development initiatives and to support its working capital
requirements.  On April 2, 2019, the Company received gross
proceeds of approximately $7 million in a public offering of its
securities.  Subsequent to Dec. 31, 2019, the Company entered into
a Master Exchange Agreement with an entity that, subject to
shareholder approval, has agreed to purchase up to approximately
$7.7 million in certain promissory notes previously issued by the
Company.  Further, as a result of temporary restaurant closures in
San Diego, California, and the deteriorating business conditions at
the Company's cryptocurrency mining operations, the Company
concluded that discontinuing these operations was ultimately in its
best interest.  Management believes that the Company has access to
capital resources through potential public or private issuances of
debt or equity securities.  However, if the Company is unable to
raise additional capital, which could be adversely affected by the
recent outbreak of COVID-19, it may be required to curtail
operations and take additional measures to reduce costs, including
reducing its workforce, eliminating outside consultants and
reducing legal fees to conserve its cash in amounts sufficient to
sustain operations and meet its obligations.

A full-text copy of the Annual Report is available for free at the
Securities and Exchange Commission's website at:

                      https://is.gd/Mj91iS

                       About DPW Holdings

DPW Holdings, Inc. -- http://www.DPWHoldings.com/-- is a
diversified holding company pursuing growth by acquiring
undervalued businesses and disruptive technologies with a global
impact.  Through its wholly and majority-owned subsidiaries and
strategic investments, the Company provides mission-critical
products that support a diverse range of industries, including
defense/aerospace, industrial, telecommunications, medical, and
textiles.  In addition, the Company owns a select portfolio of
commercial hospitality properties and extends credit to select
entrepreneurial businesses through a licensed lending subsidiary.
DPW's headquarters are located at 201 Shipyard Way, Suite E,
Newport Beach, CA 92663; www.DPWHoldings.com.


ENC HOLDING: Moody's Affirms B3 CFR & Cuts Sr. Sec. Rating to Caa1
------------------------------------------------------------------
Moody's Investors Service affirmed its ratings for ENC Holding
Corporation, including the company's B3 corporate family rating and
the B3-PD probability of default rating. Concurrently, Moody's
downgraded the ratings on the senior secured bank credit facility
to Caa1 from B3. The ratings outlook is stable.

RATINGS RATIONALE

The B3 CFR balances ENC's comparatively modest size and exposure to
cyclical transportation markets against the company's
well-positioned credit metrics and its good standing in intermodal
and drayage markets. The rating also reflects the company's highly
scalable business model that lends itself to economies of scale and
its good diversity by customer and agent. As of December 2019, ENC
had a relatively strong set of credit metrics (Moody's adjusted
debt-to-EBITDA of around 4.3x) that should enable the company to
accommodate much of the earnings pressures from the coronavirus
pandemic that Moody's anticipates over the next 12 months. The
rating also considers the elevated risk and uncertainty around
ENC's accounts receivable balances as well as the company's
reliance on providing services to an agent network and the
potential for technology advances or competitive shifts that alter
current business practices in the logistics and shipping
industries, including disintermediation of agents, could
potentially and negatively affect ENC's revenue and profitability.

The stable outlook reflects ENC's good liquidity and
well-positioned credit metrics, which are expected to provide good
financial flexibility over the balance of 2020 and into 2021.

The $100 million ABL is secured by a first priority perfected lien
and security interest in all accounts receivable and the $260
million senior secured bank credit facility is secured by second
priority perfected liens on accounts receivable and inventory and
first priority perfected liens on substantially other assets. The
downgrade of the senior secured bank credit facility to Caa1 from
B3 reflects the upsizing of the ABL earlier this year to $100
million from $50 million. Given the now larger size of priority ABL
claims relative to the senior secured bank credit facility, the
recovery rate of the bank credit facility is deemed to be lower, as
reflected in the Caa1 rating.

The rapid and widening spread of the coronavirus outbreak, the
deteriorating global economic outlook, very low and volatile 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 business and consumer services sector has been
adversely affected by the shock given its indirect sensitivity to
consumer demand and sentiment. More specifically, ENC's weakening
financial flexibility and exposure to falling demand leave it
vulnerable to shifts in market sentiment in these unprecedented
operating conditions, and the company remains vulnerable to the
ongoing adverse impact of the outbreak. Moody's regards the
coronavirus outbreak as a social risk under its ESG framework,
given the substantial implications for public health and safety.
Its actions reflect the impact on ENC of the breadth and severity
of the shock, and the broad deterioration in credit quality it has
triggered.

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

Factors that could lead to an upgrade of ratings include if Moody's
adjusted debt-to-EBITDA was expected to remain below 5x combined
with expectations of a prudent financial policy. Any upgrade would
be predicated on the maintenance of good liquidity with
expectations of consistently positive free cash flow generation
(FCF-to-debt at least in the mid-single-digits) and substantial
availability under the ABL facility. In light of the company's
modest scale ENC would need to maintain credit metrics that are
stronger than levels typically associated with companies at the
same rating level.

Factors that could lead to a downgrade of ratings include
expectations of deteriorating liquidity with meaningful cash burn
during fiscal 2021, decreasing availability under the ABL facility
or an anticipated breach of financial covenants. A decrease in
earnings beyond what is already contemplated could also result in a
ratings downgrade.

The following summarizes Moody's rating actions and ratings:

Issuer: ENC Holding Corporation

Corporate Family Rating, affirmed B3

Probability of Default Rating, affirmed B3-PD

Senior secured bank credit facility, downgraded to Caa1 (LGD4) from
B3 (LGD4)

Outlook, Stable

ENC Holding Corporation is an asset-light provider of services to
operators in intermodal drayage, truckload, and freight brokerage
markets. Services provided include accounts receivable management,
payment processing, national and regional sale support, insurance,
and back-office support. The company was acquired by Calera Capital
in February 2017. Gross revenues for the twelve months ended
December 2019 are around $1.2 billion.

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


ENERGY SAVING: June 23 Plan & Disclosure Hearing Set
----------------------------------------------------
On May 11, 2020, Energy Saving Solutions, Inc., filed with the U.S.
Bankruptcy Court for the Central District of Illinois a Disclosure
Statement and Plan of Reorganization.

On May 12, 2020, Judge Mary P. Gorman conditionally approved the
Disclosure Statement and established the following dates and
deadlines:

  * June 15, 2020, is fixed as the last day for filing written
acceptances or rejections of the Plan.

  * June 15, 2020, is fixed as the last day for filing and serving
written objections to the Disclosure Statement and confirmation of
the Plan.

  * June 23, 2020, at 9:30 a.m., at U.S. Courthouse, 600 E. Monroe
St., Room 232, Springfield, Illinois 62701 is fixed for the hearing
on final approval of the Disclosure Statement and for the hearing
on confirmation of the Plan.

A copy of the order dated May 12, 2020, is available at
https://tinyurl.com/y94yvtsq from PacerMonitor at no charge.

                  About Energy Saving Solutions

Energy Saving Solutions sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Ill. Case No. 20-70352) on March 12,
2020.  At the time of the filing, Debtor had estimated assets of
less than $50,000 and liabilities of between $500,001 and $1
million. Judge Mary P. Gorman oversees the case.  Andrew D. Bourey,
Esq., at Bourey Law Offices, is the Debtor's legal counsel.


EVOKE PHARMA: All Three Proposals Approved at Annual Meeting
------------------------------------------------------------
Evoke Pharma, Inc., held its annual meeting of stockholders solely
by means of remote communication through a live webcast on May 27,
2020, at which the stockholders:

   (a) elected Kenneth J. Widder, M.D. and David A. Gonyer, R.Ph.  

       as directors for a term of three years expiring at the
       2023 Annual Meeting of Stockholders;

   (b) ratified the appointment of BDO USA, LLP as the Company's
       independent registered public accounting firm for the year
       ending Dec. 31, 2020;

   (c) approved, on an advisory basis, the compensation of the
       Company's named executive officers.

                       About Evoke Pharma

Headquartered in Solana Beach, California, Evoke --
http://www.evokepharma.com/-- is a specialty pharmaceutical
company focused primarily on the development of drugs to treat GI
disorders and diseases.  The Company is developing Gimoti, a nasal
spray formulation of metoclopramide, for the relief of symptoms
associated with acute and recurrent diabetic gastroparesis in adult
women.

Evoke Pharma recorded a net loss of $7.13 million for the year
ended Dec. 31, 2019, compared to a net loss of $7.57 million for
the year ended Dec. 31, 2018.  As of March 31, 2020, the Company
had $4.64 million in total assets, $1.72 million in total current
liabilities, and $2.92 million in total stockholders' equity.

BDO USA, LLP, in San Diego, California, the Company's auditor since
2014, issued a "going concern" qualification in its report dated
March 12, 2020, citing that the Company has suffered recurring
losses from operations and has not generated revenues or positive
cash flows from operations.  These factors raise substantial doubt
about the Company's ability to continue as a going concern.


FANSTEEL INC: Says Negotiations with Port Authority Still Ongoing
-----------------------------------------------------------------
Fansteel, Inc., submitted the Fourth Amended Disclosure Statement
in connection with its Plan of Liquidation Dated May 8, 2020.

The Debtor believes the following assets will be available for
administration by the Plan Administrator:

  * Cash on Hand.  As of March 31, 2020, the Debtor was holding
cash in the amount of $695.

  * Real Estate.  As of the date of the filing of this Disclosure
Statement, the Debtor owns, and the Plan Administrator will work to
liquidate, real property located in Muskogee County, Oklahoma
(Parcel B), having a value of between $300,000 and $2.5 million.
The $2.5 million figure is based on an appraisal of Parcel B that
was obtained by the Debtor prior to the filing of the Plan. The
appraisal was conducted on December 20, 2018 by Chad Stites, SRA.
While the Debtor has confidence in the value assigned by the
appraisal, the value of Parcel B is ultimately determined by what a
willing buyer is willing to pay for that property. The identity of
the buyer, the ability to resolve adverse environmental issues at
the property, and economic conditions prevailing at the time of any
contemplated sale might all affect, positively or negatively, the
price at which Parcel B might be sold.

The Debtor has engaged Hilco Real Estate as its agent to market and
secure a buyer for Parcel B. Hilco has actively undertaken to reach
out to parties who might have an interest in purchasing property of
the kind and character of Parcel B.  Among the parties with whom
Hilco has interacted is the Port Authority, and discussions
regarding the Port Authority's interest in purchasing Parcel B are
currently ongoing.  Because of all the factors discussed, it is
difficult for the Debtor to predict when and at what price Parcel B
might eventually sell.

The net proceeds from the sale of Parcel B will be allocated
between the Debtor and the Environmental Authorities pursuant to
the allocation detailed in the Environmental Settlement Agreement
Among Debtor, FMRI, United States, and ODEQ.

A full-text copy of the Fourth Amended Disclosure Statement dated
May 8, 2020, is available at https://tinyurl.com/y8em75dr from
PacerMonitor.com at no charge.

General Reorganization Counsel to the Debtor:

     Jeffrey D. Goetz, Esq., AT0002832
     Vincent R. Ledlow, Esq., AT0013348
     Bradshaw, Fowler, Proctor & Fairgrave, P.C.
     801 Grand Ave., Ste. 3700
     Des Moines, IA 50309-8004
     Telephone: (515) 246-5817
     Facsimile: (515) 246-5808
     E-mail: ledlow.vincent@bradshawlaw.com
             goetz.jeffrey@bradshawlaw.com

                About Fansteel and Affiliates

Headquartered in Creston, Iowa, Fansteel, Inc., manufactures
aluminum and magnesium castings for the aerospace and defense
industries. Fansteel has four locations in the USA and one in
Mexico and has a workforce of more than 600 employees.  Fansteel
generated $87.4 million in revenue in 2015 on a consolidated
basis.

Wellman Dynamics Corporation contributed 67% of Fansteel's sales.
The rest of the sales are generated from Intercast, a division of
Fansteel, and other non-debtor subsidiaries.

Fansteel, Wellman Dynamics, and Wellman Dynamics Machinery &
Assembly, Inc., filed Chapter 11 petitions (Bankr. S.D. Iowa Case
Nos. 16-01823, 16-01825 and 16-01827) on Sept. 13, 2016. The
petitions were signed by Jim Mahoney, CEO. The cases are assigned
to Judge Anita L. Shodeen. The Debtors disclosed total assets of
$32.9 million and total debt of $41.97 million.

The companies tapped Jeffrey D. Goetz, Esq., and Krystal R.
Mikkilineni, Esq., at Bradshaw, Fowler, Proctor & Fairgrave, P.C.,
as counsel; RSM US LLP as tax advisor; Jeffrey Sands and Dorset
Partners, LLC as business broker; and Mark J. Steger, Esq., at the
Clark Hill Law Firm, as Environmental Counsel.

The companies filed motions to jointly administer the cases
pursuant to Bankruptcy Rule 1015(b), and the court ordered the
joint administration on Oct. 17, 2016. The court subsequently
entered an order on May 24, 2017, vacating its Oct. 17 order and
discontinuing the joint administration of the cases under the lead
case of Fansteel.

On Sept. 23, 2016, the U.S. Trustee for Region 12 appointed an
official committee of unsecured creditors in Fansteel's bankruptcy
case. The committee retained Morris Anderson & Associates, Ltd., as
financial advisor; and Archer & Greiner, P.C. and Nyemaster Goode,
P.C., as counsel.

In March 2017, the U.S. trustee announced that the unsecured
creditors' committee of Fansteel would no longer serve as the
official committee in its case and that it would be reconstituted
as the official committee of unsecured creditors in the Chapter 11
cases of Wellman Dynamics and Wellman Dynamics Machinery. As of
March 22, 2017, a new creditors' committee has not yet been
appointed in Fansteel's bankruptcy case.

Wellman Dynamics filed a Chapter 11 plan of reorganization and
disclosure statement on Jan. 11, 2017.  On May 8, 2017, the
creditors' committee of Wellman Dynamics filed a rival Chapter 11
plan of liquidation for the company.


FOOTHILLS EXPLORATION: Designates 10M Series A Preferred Shares
---------------------------------------------------------------
Foothills Exploration, Inc., filed a Certificate of Designation
designating the rights and restrictions of its Series A Preferred
Stock with the Delaware Secretary of State.  Of the 25,000,000
preferred shares authorized at a par value of $0.0001 per share,
10,000,000 were designated as Series A Preferred Stock.  The Series
A Preferred Stock is convertible at the option of the holder into
200 common shares per one share of Series A Preferred Stock.  The
Series A Preferred Stock provides for liquidation and dividend
rights on an as-if-converted basis into equivalent common shares.
The Series A Preferred Stockholders have voting rights with the
common shareholders on an as-if-converted basis. The holders of
Series A Preferred Stock have the right, voting as a separate
class, following a "Change of Control", to elect a majority of the
members of the Company's Board of Directors and to remove from
office such directors and to fill any vacancy caused by the
resignation, death or removal of such directors. The foregoing
description is a summary of the Certificate of Designation which
does not purport to be complete.

On May 28, 2020, the Company issued 5,000,000 shares of Series A
Preferred Stock to a related party, Beijing Gas Blue Sky Holding
Limited, pursuant to an agreement dated April 6, 2020, yielding
total cash proceeds of $50,000, net to the Company.  As a condition
of this transaction, the Company's Executive Chairman, Kevin J.
Sylla, also agreed to convert $100,000 of outstanding debt owed to
him by the Company into 5,000,000 shares of Series A Preferred
Stock.  Each share of Series A Preferred Stock is convertible into
200 shares of the Company's common stock.  A total of 10,000,000
shares of Series A Preferred Stock convertible into 2,000,000,000
shares of common stock were issued.

                   About Foothills Exploration

Foothills Exploration, Inc. -- http://www.foothillspetro.com/-- is
a growth stage oil and gas exploration and production company with
a focus in the acquisition and development of undervalued and
underdeveloped properties.  The Company's assets are located across
well-established plays in the U.S. Rocky Mountain region.

Foothills Exploration incurred a net loss of $6.58 million in 2018
following a net loss of $6.49 million in 2017.  As of Sept. 30,
2019, the Company had $13.49 million in total assets, $23.60
million in total liabilities, and a total stockholders' deficit of
$10.11 million.

RBSM LLP, in Henderson, Nevada, the Company's auditor since 2015,
issued a "going concern" opinion in its report dated April 16,
2019, on the Company's consolidated financial statements for the
year ended Dec. 31, 2018, citing that the Company has an
accumulated deficit, recurring losses, and expects continuing
future losses, and has stated that substantial doubt exists about
the Company's ability to continue as a going concern.


GIGA TRONICS: Reports $2.03 Million Net Loss for 2019
-----------------------------------------------------
Giga-Tronics Incorporated reported a net loss attributable to
common shareholders of $2.03 million on $11.77 million of total
revenue for the year ended March 28, 2020, compared to a net loss
attributable to common shareholders of $1.04 million on $11.15
million of total revenue for the year ended March 30, 2019.

As of March 28, 2020, the Company had $8.93 million in total
assets, $3.37 million in total current liabilities, $1.25 million
in total long term liabilities, and $4.30 million in total
shareholders' equity.

Revenue for the fourth fiscal quarter ended March 28, 2020 was $2.6
million, as compared to $3.5 million for the same period of fiscal
2019.  Fourth quarter revenue was adversely impacted by the
Company's compliance with California's Shelter-in-Place order
during the month of March, which resulted in the temporary closure
of its California facilities and a loss of production. Net loss
attributable to common shareholders for the fourth quarter was
$664,000, or ($0.54) per share, compared to net income of $43,000
or $0.03 per fully diluted share, for the same period last year.
The Company recorded an EBITDA loss of ($446,000) for the fourth
quarter compared to EBITDA of $392,000 for the same quarter in
fiscal 2019.  Both the fourth quarter net loss attributable to
common shareholders and the EBITDA loss were caused primarily by
the sudden shelter-in-place order in March 2020, resulting in a
loss of production and associated revenue as well as lower gross
profits related the RADAR filter business.

John Regazzi, CEO of the Company said, "Giga-tronics, like many
other companies in the U.S., was impacted by the mandated shutdowns
in March associated with the COVID-19 pandemic, and as a result of
the temporary closure of our California facilities, our fourth
quarter revenue, cash flow and profitability were lower than we
anticipated.  Our shutdown in March was relatively short and we
were subsequently designated an essential business. That said, we
had also temporarily halted production earlier in the quarter to
execute a carefully planned cybersecurity upgrade required by a
customer and had expected to shift and complete this production
volume during March when the California shutdown unexpectedly
occurred.  The Company resumed full production levels in April
while implementing social distancing measures via two production
shifts, remote work-at-home arrangements for most other employees
and other appropriate employee safety measures."

Lutz Henckels, executive vice president and chief financial
officer, stated, "We continue to manage through the dynamic and
uncertain COVID-19 situation, focusing first and foremost on the
safety of our employees, while also addressing supply disruptions,
and any delays in orders.  With our Microsource filter business
back in production and the strong interest we are seeing in our
higher margin RADAR/EW testing solutions, we are cautiously
optimistic about our prospects moving forward."

Lutz Henckels continued, "The RADAR/EW testing solutions business
revenues grew 66% in fiscal 2020 and we believe we can drive robust
growth in this part of our business in fiscal 2021.  We believe
national defense RADAR/EW testing represents an addressable market
of up to $440 million per year and we are focused on continuing to
leverage our proven technology to expand existing and to develop
new customer relationships and increase our market share."

A full-text copy of the Annual Report is available for free at the
Securities and Exchange Commission's website at:

                       https://is.gd/pnZbPP

                   About Giga-tronics Incorporated

Headquartered in Dublin, California, Giga-tronics is a publicly
held company, traded on the OTCQB Capital Market under the symbol
"GIGA".  Giga-tronics -- http://www.gigatronics.com/-- 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.


GRANITE CITY: $120K Sale of Kendall Liquor License Approved
-----------------------------------------------------------
Judge William J. Fisher of the U.S. Bankruptcy Court for the
District of Minnesota authorized Granite City Food & Brewery Ltd.
and its affiliates to sell their State of Florida alcoholic
beverage license, issued by the Florida Department of Business and
Professional Regulation, Division of Alcoholic Beverages and
Tobacco and bearing the number BEV23-02598, a series 4COP quota
license issued for use in Miami-Dade County ("Kendall Liquor
License") to First Equity Funding, LLC for $120,000, pursuant to
the terms of the Purchase Agreement.

The Purchaser is authorized to take all steps necessary to comply
with Florida statutes and regulations to obtain approval from the
DABT to operate under the liquor licenses.

The sale proceeds will be subject to the liens, claims, interests,
and encumbrances of Citizens Bank in the same manner, priority, and
dignity as they exist on the date of the Order.

The Debtor and any other person or entity claiming or asserting a
lien, claim, interest, and/or encumbrance in the liquor licenses or
the sale proceeds will have their rights reserved to assert such
interest in the sale proceeds at a later time.

Notwithstanding Rule 6004(h), the terms and conditions of the Order
will be immediately effective and enforceable upon its entry.

                      About Granite City Food

Granite City Food & Brewery Ltd. (OTCPink: GCFB) --
http://www.gcfb.com/-- operates two casual dining concepts:
Granite City Food & Brewery and Cadillac Ranch All American Bar &
Grill.  

The Granite City concept features its award-winning signature line
of hand-crafted beers finished on-site as well as local and
regional craft beers from brewers in various markets.  In addition,
these casual dining restaurants offer a wide variety of menu items
that are prepared fresh daily.  The extensive menu features
contemporary American fare made in its scratch kitchens.  Granite
City opened its first restaurant in 1999; there are currently 25
Granite City restaurants in 13 states.  

Cadillac Ranch restaurants feature freshly prepared, authentic,
All-American cuisine in a fun, dynamic environment.  Its patrons
enjoy a warm, Rock N' Roll inspired atmosphere.  The Cadillac Ranch
menu is diverse with offerings ranging from homemade meatloaf to
pasta dishes, all freshly prepared using quality ingredients.  The
company currently operates 4 Cadillac Ranch restaurants in four
states.

Granite City Food & Brewery and four affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Minn. Lead Case
No. 19-43756) on Dec. 16, 2019.  At the time of the filing, Granite
City Food & Brewery disclosed assets of between $10 million and $50
million and liabilities of the same range.  Judge William J. Fisher
oversees the cases.  James M. Jorissen, Esq., at Briggs & Morgan,
PA, is the Debtors' legal counsel.


GREEN GROWTH: Commences Proceedings Under CCAA
----------------------------------------------
Green Growth Brands Inc. and its affiliates commenced
court-supervised restructuring proceedings under the Companies'
Creditors Arrangement Act.

Ernst & Young Inc. was appointed as monitor of the Companies
pursuant to the Order of the Ontario Superior Court of Justice
(Commercial List)  dated May 20, 2020.

The Initial Order grants, among other things, a stay of proceedings
until May 29, 2020, which Stay Period may be extended by further
Order of the Court from time to time.  Except as permitted in the
Initial Order, the Initial Order directs the Companies to make no
payments of principal, interest or otherwise on account of amounts
owing by the Companies to their creditors as of May 20, 2020.

During the stay period, all parties are prohibited from commencing
or continuing any legal proceedings against the Companies, and all
rights and remedies of all parties against or in respect of the
Companies, their assets, business or current or former officers and
directors are stayed and suspended except with the written consent
of the Companies and the Monitor or with leave of the Court.

Copies of the Initial Order and other related documents in
connection with these CCAA Proceedings have been posted on the
Monitor's website at: http://www.ey.com/ca/GGBI

No claims procedure has yet been approved by the Court and
creditors are therefore not required to file proofs of claim at
this time.

The Monitor's contact details for additional information relating
to these CCAA Proceedings are:

         Ernst & Young Inc.
         The Court-Appointed Monitor of
         Green Growth Brands Inc. et al.
         100 Adelaide Street West
         P.O. Box 1
         Toronto, ON, M5H 0B3
         Tel: 1-888-338-1758
              416-943-4467
         E-mail: GGBI.monitor@ca.ey.com

         Sharon Hamilton
         Tel: (416) 943-2153
         E-mail: sharon.s.hamilton@ca.ey.com

         David Saldanha
         E-mail: david.saldanha@ca.ey.com

Counsel to the Companies:

         Stikeman Elliot LLP
         Barristers & Solicitors
         5300 Commerce Court West
         199 Bay Street
         Toronto ON M5L 1B9

         Ashley Taylor
         Tel: (416) 869-5236
         E-mail: ataylor@stikeman.com

         Sanja Sopic
         Tel: (416) 869-6825
         E-mail: ssopic@stikeman.com

         Nicholas Avis
         Tel: (416) 869-5504
         E-mail: navis@stikeman.com

Counsel to the Monitor:

         Osler, Hoskin & Harcourt LLP
         100 King Street West
         1 First Canadian Place
         Suite 6200, P.O. Box 50
         Toronto ON M5X 1B8

         Marc Wasserman
         Tel: (416) 862-4908
         E-mail: mwasserman@osler.com

         Mary Paterson
         Tel: (416) 862-4924
         E-mail: mpaterson@osler.com

Green Growth Brands Inc. -- https://www.greengrowthbrands.com/ --
operates as a pharmaceutical company.  The Company develops and
retails a variety of cannabis and CBD-infused personal-care
product.


GREGORY A. HALL: $170K Sale of Savannah Property to Whitefield OK'd
-------------------------------------------------------------------
Judge Edward J. Coleman, III, of the U.S. Bankruptcy Court for the
Southern District of Georgia authorized Gregory A. Hall's sale of
the property located at 8510 Whitefield Avenue, Savannah, Georgia
to Whitefield Oaks, LLC for $170,000.

The sale is free and clear of all liens.  Liens will attach to the
proceeds of the sale as follows: (i) outstanding ad valorem taxes;
(ii) closing costs; and (iii) all remaining proceeds to Wells Fargo
Bank, N.A.

Gregory A. Hall sought Chapter 11 protection (Bankr. S.D. Ga. Case
No. 19-41638) on Nov. 15, 2019.  The Debtor tapped J. Michael Hall,
Esq., at Hall & Navarro, LLC, as counsel.


HAMPTON BAY: Unsecureds' Recovery Hiked to 19% in CC Foster Plan
----------------------------------------------------------------
CC FOSTER LLC together with CREIF Lender LLC and CREIF 119 LLC
(collectively the Existing Lenders) filed an Amended Plan of
Reorganization and an Amended Disclosure Statement for debtor
Hampton Bay Manor, LLC.

The Amended Plan provides for the funding of the sum of $300,000 to
pay administration expenses, priority claims and unsecured
creditors. Also pursuant to the Plan, the sum of at least $150,000
shall be carved-out of the Creditor Pool to provide funds for a pro
rata distribution to allowed general unsecured creditors. This
separate subset of the Creditor Pool is called the General Creditor
Fund.

In consideration for this funding, the Debtor’s real property and
related personal property shall be transferred and conveyed to the
Existing Lenders’ designee or affiliate which shall be a newly
created limited liability company organized for the specific
purpose of owning the Debtor’s Property. The Fee Transfer
Conveyance shall be effectuated on the Effective Date of the
Amended Plan and shall be made with the funding and creation of the
Creditor Pool. The Fee Simple Conveyance shall be subject to all
existing mortgage claims and liens held by the Existing Lenders and
Maxim.

The exit financing to emerge from Chapter 11 shall be provided by
Maxim Credit Group LLC and its affiliates based on a new senior
mortgage loan facility in the total sum of up to $6,850,000. The
Maxim Senior Loan shall not only fund the Creditor Pool but the
vast bulk of the loan proceeds shall be used to complete
development at the Property so the individual units can eventually
be sold on a post-confirmation basis. The future condominium unit
sales will be used to pay down secured debt in the priority.

The key settlements reached by the Existing Lenders relate to Ann
Garrett McConnell and Westchester Fire Insurance Company.  Under
these settlements, an affiliate of the Existing Lenders shall
repurchase Unit 21 from McConnell for a purchase price of $719,813
(including the $70,000 in escrow).  The settlement with Westchester
recognizes that Westchester has an allowed claim which will share
in the pro rata distribution to General Unsecured Creditors from
the General Creditor Fund. The General Creditor Fund cannot fall
below $150,000 and is earmarked to make a pro rata distribution to
Westchester and other allowed General Unsecured Claims, excluding
the Existing Lender's potential deficiency claims and any possible
claim of the Debtor's managing member Peter Sperry.

The Amended Plan provides that the Existing Lenders' mortgage debt
and claims shall be junior to the Maxim Senior Loans.  The Existing
Lenders mortgage claim shall be paid on a rolling basis from net
proceeds generated by the future sales of the condominium units
once the Project is completed, and after the Maxim Senior Loan is
paid in full.  

Class 2 consists of all Allowed General Unsecured Claims, excluding
any deficiency claim of the Existing Lenders.  Each holder of an
Allowed General Unsecured Claim shall receive on the Effective
Date, in full settlement, release, and discharge of its Allowed
Claim, a pro rata share of the General Creditor Fund which shall
not be less than $150,000, calculated and computed by dividing the
total amount of the Class of Allowed General Unsecured Claims by
the amount of the General Creditor Pool. The pro rata distribution
to Class 2 claims shall be made as provided in Section V(e) of the
Amended Plan.

A full-text copy of the Amended Disclosure Statement dated May 12,
2020, is available at https://tinyurl.com/y7bf5dsh from
PacerMonitor at no charge.

Attorneys for CC Foster LLC:

     Goldberg Weprin Finkel Goldstein, LLP
     1501 Broadway, 22nd Fl.
     New York, NY 10036
     Tel: (212) 221-570

                     About Hampton Bay Manor

Hampton Bay Manor, LLC, owns a 22-unit condominium apartment
complex located at 68 Foster Avenue, Hampton Bays, New York.

Hampton Bay Manor, LLC, filed a Chapter 11 petition (Bankr.
E.D.N.Y. Case No. 19-40749) on Feb. 6, 2019.  In the petition
signed by Peter Sperry, member, the Debtor disclosed total assets
of $22,000,000 and total liabilities of $17,918,617.  The Hon.
Carla E. Craig is the case judge. Richard Klass, Esq., in Brooklyn,
New York, is the Debtors' counsel.


HARTSHORNE HOLDINGS: Jackson Represents Minova, C.E. Martin
-----------------------------------------------------------
In the Chapter 11 cases of Hartshorne Holdings, LLC, et al., the
law firm of Jackson Kelly PLLC submitted a verified statement under
Rule 2019 of the Federal Rules of Bankruptcy Procedure, to disclose
that it is representing Minova USA, Inc. and C.E. Martin Heirs,
LLC.

Prior to and after the filings of the petitions by the Debtors, JK
simultaneously represented the parties listed in paragraph 2,
below, that are creditors or parties in interest in the Chapter 11
cases.  After the petitions were filed, the Creditors requested
that JK represent them in these proceedings.

The names and addresses of the Creditors represented by JK are as
follows:

     a. Minova USA, Inc., 150 Summer Court, Georgetown, Kentucky
        40324. Minova asserts claims against the Debtors, which
        are filed of public record.

     b. C.E. Martin Heirs, LLC, 200 Coconut Palm Road, Vero Beach,
        Florida, 32963. C.E. Martin Heirs asserts a claim against
        the Debtor, Hartshorne Land, LLC, which is filed of public
        record.

Minova has been advised of, and consents to, the representation of
C.E. Martin Heirs.

C.E. Martin Heirs has been advised of, and consents to, the
representation of Minova.

JK represents Minova and C.E. Martin Heirs in their capacities as
creditors of the Debtors or parties in interest in these Cases.

The undersigned and JK do not own any interest in Minova or its
claims against the Debtors in the above-styled Cases.

The undersigned and JK do not own any interest in the C.E. Martin
Heirs or its claims against the Debtors in the above-styled Cases.

To the extent that JK is authorized to act on behalf of these
parties, it is as their legal representatives, and not through any
other instrument. The circumstances and terms and conditions of
employment of JK by each of the foregoing are protected by the
attorney-client privilege and attorney work product doctrine.

JK submits this statement out of an abundance of caution, and
nothing herein should be construed as an admission that the
requirements of Bankruptcy Rule 2019 apply to JK's representation
of the Creditors. Further, nothing contained in this statement
should be construed as: (i) a limitation upon, or waiver or release
of, any right, claim, cause of action, interest, defense, or remedy
of any of JK's clients referenced herein against any of the Debtors
or otherwise; or (ii) an admission with respect to any fact or
legal theory. The information contained in this statement is
intended only to comply with Bankruptcy Rule 2019, if and to the
extent applicable, and is not intended for any other use or
purpose.

By JK filing this Statement, Creditors do not waive (1) any right
to have final orders in non-core matters entered only after de novo
review by a District Judge; (2) any right to trial by jury in any
proceeding so triable in this case or any case, controversy or
proceeding related to this case; (3) any right to have the District
Court withdraw the reference in any matter subject to mandatory or
discretionary withdrawal; (4) any rights against any entity or
person liable for all or part of this claim, regardless of whether
that entity or person is a debtor or non-debtor; or (5) any other
rights, claims, actions, defenses, remedies, setoffs or recoupments
to which the Creditors are or may be entitled under agreement, in
law, in equity, or otherwise, all of which rights, claims, actions,
defenses setoffs and recoupments the Creditors expressly reserve.

JK reserves the right to undertake additional representations of
other individuals or entities in these bankruptcy cases and does
hereby reserve the right to modify or supplement this Statement as
necessary.

The Firm can be reached at:

          Mary Elisabeth Naumann, Esq.
          Chacey R. Malhouitre, Esq.
          JACKSON KELLY PLLC
          100 W. Main Street, Ste. 700
          Lexington, KY 40507
          Telephone: (859) 255-9500
          Email: mnaumann@jacksonkelly.com
                 chacey.malhouitre@jacksonkelly.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/dG6uDE

                    About Hartshorne Holdings

Hartshorne Holdings, LLC and affiliates are engaged in the
production and sale of thermal coal through the operation of the
Poplar Grove Mine, which is part of the Buck Creek Complex located
in the Illinois Coal Basin in Western Kentucky.  The Buck Creek
Complex includes two mines: (i) the operating Poplar Grove Mine,
and (ii) the permitted, but not constructed, Cypress Mine.

On Feb. 20, 2020, Hartshorne Holdings, LLC and three affiliates
sought Chapter 11 bankruptcy protection (Bankr. W.D. Ky. Lead Case
No. 20-40133).

Hartshorne Holdings was estimated to have $50 million to $100
million in assets and liabilities as of the bankruptcy filing.

The Hon. Thomas H. Fulton is the case judge.

The Debtors tapped Squire Patton Boggs (US) LLP as bankruptcy
counsel; Frost Brown Todd LLC as local counsel; FTI Consulting,
Inc., as financial advisor; and Perella Weinberg Partners LP as
investment banker.  Stretto is the claims agent, maintaining the
page https://cases.stretto.com/hartshorne

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on March 10, 2020.  The committee is represented by
Dentons Bingham Greenebaum LLP and Whiteford Taylor Preston, LLP.


HERTZ CORP: Moody's Cuts PDR to D-PD on Chapter 11 Filing
---------------------------------------------------------
Moody's Investors Service downgraded the Hertz Corporation
probability of default rating to D-PD from Caa3-PD following the
company's announcement that it has filed for protection under
Chapter 11 of the US Bankruptcy Code. Moody's concurrently
downgraded the following ratings: corporate family rating to Ca
from Caa3; first-lien credit facility to Caa1 from B3; second-lien
debt to Caa3 from Caa2; and, senior unsecured domestic notes to C
from Ca. The senior unsecured notes of Hertz Holdings Netherlands
BV (guaranteed by Hertz) was affirmed at Ca. The speculative grade
liquidity rating of Hertz Corporation is unchanged at SGL-4. The
outlook for all entities was changed to "no outlook" from negative.
Subsequent to its actions, Moody's will withdraw all of its ratings
for Hertz given the company's bankruptcy filing.

Downgrades:

Issuer: Hertz Corporation (The)

Corporate Family Rating, Downgraded to Ca from Caa3

Probability of Default Rating, Downgraded to D-PD from Caa3-PD

Senior Secured Bank Credit Facility, Downgraded to Caa1 (LGD2) from
B3 (LGD2)

Senior Secured Regular Bond/Debenture, Downgraded to Caa3 (LGD3)
from Caa2 (LGD2)

Senior Unsecured Regular Bond/Debenture, Downgraded to C (LGD5)
from Ca (LGD4)

Issuer: Hertz Corporation (The) (Old)

Senior Unsecured Regular Bond/Debenture, Downgraded to C (LGD6)
from Ca (LGD6)

Affirms:

Issuer: Hertz Holdings Netherlands BV

Senior Unsecured Regular Bond/Debenture, Affirmed at Ca (LGD4)

Outlook Actions:

Issuer: Hertz Corporation (The)

Outlook, Changed To No Outlook From Negative

Issuer: Hertz Holdings Netherlands BV

Outlook, Changed To No Outlook From Negative

RATINGS RATIONALE

The downgrades reflect: 1) the unprecedented decline in air travel
and rental car usage that have resulted from the coronavirus
pandemic and weakened used car market; 2) the resulting chapter 11
filing by Hertz's US operations and, in Moody's view, the elevated
probability of liquidation; and, 3) a family recovery rate
(excluding asset-backed securitizations (ABS)) of approximately 50%
for Hertz's domestic liabilities should a liquidation occur. The
Caa1 first-lien credit facility rating reflects Moody's expectation
that this $1.4 billion in claims will have a relatively high
recovery rate from Hertz's $3.5 billion in non-vehicle domestic
assets. The Caa3 rating of the second-lien notes reflect this class
of debt's subordinated position relative to the first-lien debt and
small size ($350 million) within Hertz's liability structure, and
the likelihood of a recovery in the range of 65% to 80% after
repayment of the first-lien credit facility. The C rated unsecured
domestic obligations reflects a recovery rate that could be below
35% after first- and second-lien claims are settled. The Ca rated
unsecured debt of Hertz Holdings Netherlands is unchanged because
Hertz's non-US operations are not included in the chapter 11
filing, and because ABS obligations represent a significantly
smaller portion of Hertz's liability structure outside of the US
than they represent domestically.


HORNBECK OFFSHORE: Unsecured Creditors to Be Reinstated in Plan
---------------------------------------------------------------
Effective April 13, 2020, Hornbeck Offshore Services, Inc. and
certain of its subsidiaries entered into a Restructuring Support
Agreement with secured lenders holding approximately 83% of the
Company's aggregate secured indebtedness and unsecured noteholders
holding approximately 79% of the Company's aggregate unsecured
notes outstanding.  On May 19, 2020, the Debtors sought voluntary
relief under chapter 11 of the United States Bankruptcy Code in the
U.S. Bankruptcy Court for the Southern District of Texas, Houston
Division, and filed a proposed joint prepackaged plan of
reorganization.

Pursuant to the RSA, the Company commenced on May 13, 2020, the
solicitation of votes on the Plan.  In connection with commencement
of the Solicitation, copies of the Plan and the disclosure
statement related thereto were distributed to certain creditors of
the Company entitled to vote on the Plan.

The Plan, which is subject to approval of the Bankruptcy Court,
contemplates that, among other things, on the effective date:

   * Each Holder of an Allowed ABL Claim shall receive upon entry
of the Interim DIP Order: (i) payment in full in Cash of such
Holder's Allowed ABL Claim, other than any portion thereof on
account of the ABL Redemption Fee; and (ii) with respect to any
portion of such Holder's Allowed ABL Claim on account of the ABL
Redemption Fee, its Pro Rata share (determined as a percentage of
all Allowed ABL Claims on account of the ABL Redemption Fee) of the
DIP Redemption Fee.

   * Each Holder of an Allowed First Lien Claim under the Company's
First Lien Term Loan Agreement shall receive: (i) if such Holder is
an Eligible Holder, its Pro Rata share (determined as a percentage
of all Allowed First Lien Claims excluding any portion of such
Allowed First Lien Claims on account of the First Lien Redemption
Fee) of (y) subject to the U.S. Citizen Determination Procedures,
24.6% of the New Equity (subject to dilution by the DIP Exit
Backstop Premium, the Backstop Commitment Premium, the Management
Incentive Plan, and the exercise of the New Creditor Warrants) and
(z) the First Lien Subscription Rights; (ii) if such Holder is a
Non-Eligible Holder, a Cash payment equivalent to the Holder's
recovery under clause (i) if such Holder had been deemed an
Eligible Holder; 1 ; (iii) its Pro Rata share (determined as a
percentage of all Allowed First Lien Claims excluding any portion
of such Allowed First Lien Claims on account of the First Lien
Redemption Fee) of the Exit Second Lien Facility; and (iv) with
respect to any portion of such Holder's Allowed First Lien Claim on
account of the First Lien Redemption Fee, its Pro Rata share
(determined as a percentage of all Allowed First Lien Claims on
account of the First Lien Redemption Fee) of the Specified 2L Exit
Fee.

   * Each Holder of an Allowed Second Lien Claim under the
Company's Second Lien Term Loan Agreement shall receive: (i) if
such Holder is an Eligible Holder, its Pro Rata share (determined
as a percentage of all Allowed Second Lien Claims) of (x) subject
to the U.S. Citizen Determination Procedures, 5.1% of the New
Equity (subject to dilution by the DIP Exit Backstop Premium, the
Backstop Commitment Premium, the Management Incentive Plan, and the
exercise of the New Creditor Warrants), (y) 15.0% of the New
Creditor Warrants and (z) the Second Lien Subscription Rights; and
(ii) if such Holder is a Non-Eligible Holder, a Cash payment equal
to 6.1% of such Holder's Allowed Second Lien Claim.

    * Each Holder of an Allowed 2020 Notes Claim under the 2020
Indenture or of an Allowed 2021 Notes Claim under the 2021
Indenture shall receive, in full and final satisfaction,
settlement, release, and discharge of, and in exchange for each
2020 Notes Claim or 2021 Notes Claim, respectively: (i) if such
Holder is an Eligible Holder, its Pro Rata share (determined as a
percentage of all Allowed 2020 Notes Claims and Allowed 2021 Notes
Claims, collectively, the "Allowed Unsecured Notes Claims") of (x)
subject to the U.S. Citizen Determination Procedures, 0.3% of the
New Equity (subject to dilution by the DIP Exit Backstop Premium,
the Backstop Commitment Premium, the Management Incentive Plan, and
the exercise of the New Creditor Warrants), (y) 85.0% of the New
Creditor Warrants and (z) the Noteholder Subscription Rights; and
(ii) if such Holder is a Non-Eligible Holder, a Cash payment equal
to 0.5% of such Holder's Allowed Unsecured Notes Claim.

   * Each Allowed General Unsecured Claim, each such Holder shall
receive, at the option of the applicable Debtor(s) with the consent
of the Required Consenting Creditors, either: (i) Reinstatement of
such Allowed General Unsecured Claim and satisfaction thereof in
full in the ordinary course of business in accordance with the
terms and conditions of the particular transaction giving rise to
such Allowed General Unsecured Claim; or (ii) such other treatment
rendering its Allowed General Unsecured Claim Unimpaired in
accordance with section 1124 of the Bankruptcy Code.

   * Except to the extent otherwise provided in the Restructuring
Steps Memorandum, each Allowed Intercompany Claim shall, at the
option of the applicable Debtors (or Reorganized Debtors, as
applicable), either on or after the Effective Date, be: (i)
reinstated; or (ii) cancelled and shall receive no distribution on
account of such Claims and may be compromised, extinguished, or
settled in each case, on or after the Effective Date.

   * All equity interests in Hornbeck will be cancelled, released,
and extinguished, and will be of no further force or effect.

   * Intercompany Interests shall, at the option of the Debtors,
with the consent of the Required Consenting Creditors, either be:
i) reinstated or ii) discharged, cancelled, released, and
extinguished and of no further force or effect without any
distribution on account of such Interests.

   * Section 510(b) Claims will be cancelled, released, discharged,
and extinguished as of the Effective Date, and will be of no
further force or effect, and Holders of Section 510(b) Claims will
not receive any distribution on account of such Section 510(b)
Claims.

   * Each Holder of an Allowed Other Secured Claim shall receive,
at the option of the applicable Debtor(s) with the consent of the
Required Consenting Creditors, either: (i) payment in full in Cash;
(ii) delivery of collateral securing any such Claim and payment of
any interest required under section 506(b) of the Bankruptcy Code;
(iii) Reinstatement of such Allowed Other Secured Claim; or (iv)
such other treatment rendering its Allowed Other Secured Claim
Unimpaired in accordance with section 1124 of the Bankruptcy Code.

   * Each such Holder of Other Priority Claims shall receive, at
the option of the applicable Debtor(s), either: (i) payment in full
in Cash; or (ii) such other treatment rendering its Allowed Other
Priority Claim Unimpaired in accordance with section 1124 of the
Bankruptcy Code.

A copy of the Company's regulatory filing is available for free at
https://is.gd/W3WoAw

                About Hornbeck Offshore Services

Hornbeck Offshore Services, Inc., provides marine transportation
services to exploration and production, oilfield service, offshore
construction, and U.S. military customers.  Hornbeck and its
affiliates were incorporated in 1997 and are headquartered in
Covington, Louisiana.

On May 19, 2020, Hornbeck Offshore Services and its affiliates
sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case No.
20-32679).

The Hon. David R. Jones is the case judge.

Hornbeck Offshore disclosed total assets of $2,691,806,000 and
total liabilities of $1,493,912,000 as of Sept. 30, 2019.

The Debtors tapped KIRKLAND & ELLIS LLP as general bankruptcy
counsel; WINSTEAD PC as co-counsel; GUGGENHEIM SECURITIES, LLC as
financial advisor; and PORTAGE POINT PARTNERS, LLC as restructuring
advisor.  STRETTO is the claims agent.



IFS SECURITIES: Unsecureds to Have 8% to 36% Recovery in Plan
-------------------------------------------------------------
Debtor IFS Securities, Inc., filed a Combined Disclosure Statement
and Plan of Liquidation for the resolution of outstanding claims
against the Debtor and its estate.

The Debtor no longer has any customers, and is in the process of
liquidating its assets and pursuing causes of action for the
benefit of its creditors.  Until Feb. 28, 2020, upon the SEC's
approval of the Debtor's withdrawal from registration, it was
registered as a broker dealer.  Upon withdrawal, the Debtor ceased
being a member of FINRA.

Holders of Class 2 allowed unsecured claims totaling $20 million to
$26 million will recover 8% to 36%.  Each holder of an allowed
unsecured claim will be entitled to receive such holder's pro rata
share of cash available after payment of or reserve for allowed
claims described in this Plan the later of: (a) the date or dates
determined by the Liquidating Trustee, to the extent there is Cash
available for distribution in the judgment of the Liquidating
Trustee, having due regard for the anticipated and actual expenses,
and the likelihood and timing, of the process of liquidating or
disposing of the Assets; and (b) the date on which such Claim
becomes Allowed.

Each holder of a Class 4 interest will not receive any distribution
on account of such interest.  Each holder of an interest will not
receive or retain an interest or other property or interests of the
Debtor on account of such interest.

The Plan will be primarily funded by a combination of assets that
are cash and proceeds from non-cash assets.  Certain funding may
also be provided from other trust assets.

On the Effective Date, (i) the Trust, on the terms of the Trust
Agreement, shall be formed, (ii) the Liquidating Trustee will
execute the Trust Agreement, (iii) the Trust Agreement shall be
effective, (iv) the Liquidating Trustee shall be authorized to
implement the Trust, (v) the Assets will be transferred to the
Liquidation Trust.  The Trust will be established for the sole
purpose of liquidating and distributing Trust Assets.

There will be a total of 1 million units of Liquidation Trust
Beneficial Interests allocated to all holders of Allowed Claims, in
a manner that permits them to receive the treatment specified by
the Plan.

The Trust will make distributions to holders of beneficial
interests in accordance with the Plan.  The Liquidating Trustee
will disburse all consideration to be distributed under the Plan
and will act as a disbursing agent.

A full-text copy of the Combined Disclosure Statement and Plan
dated May 14, 2020, is available at https://tinyurl.com/ycujzrbb
from PacerMonitor at no charge.

Counsel to the Debtor:

         GREENBERG TRAURIG, LLP
         John D. Elrod
         3333 Piedmont Road NE, Suite 2500
         Atlanta, Georgia 30305
         Telephone: (678) 553-2259
         Facsimile: (678) 553-2269
         E-mail: elrodj@gtlaw.com

                    About IFS Securities

IFS Securities, Inc., is an Atlanta-based broker/dealer.  IFS filed
a Chapter 11 bankruptcy petition (Bankr. N.D. Ga. Case No.
20-65841) on April 24, 2020.  At the time of filing, IFS was
estimated to have $1 million to $10 million in assets and $10
million to $50 million in liabilities.  John D. Elrod, Esq. of
GREENBERG TRAURIG, LLP, is the Debtor's counsel.


IMPRESSIONS IN CONCRETE: Plan Payment to be Funded by Future Income
-------------------------------------------------------------------
Impressions in Concrete, Inc. filed with the U.S. Bankruptcy Court
for the Southern District of Texas, Houston Division, a Plan of
Reorganization and a Disclosure Statement on May 8, 2020.

The allowed general unsecured creditors will be paid as much of
what they are owed as possible and will be mailed Impressions in
Concrete, Inc.'s previous year's financial statement each year for
five years, during the term of the five-year Plan.  Each year, if
the Reorganized Debtor made a profit, after income taxes, and after
making all secured plan payments and normal overhead payments, the
Reorganized Debtor will pay to the allowed unsecured creditors
their pro-rata share of 50% of the net profit for the previous
year, in 12 monthly payments beginning on September 15th of the
year in which the financial statement is mailed to these creditors.
Each year, during the term of the five-year Plan, the Reorganized
Debtor will repeat the 12-month payment plan to the allowed
unsecured creditors if the Reorganized Debtor made a net profit the
previous year as reflected in the previous year's financial
statement.  This payout will not exceed five years, and at the end
of the five-year Plan term, the remaining balance owed, if any, to
the allowed unsecured creditors shall be discharged.

Insiders will not be paid any prepetition claims during the term of
the Plan and their claims will be discharged upon confirmation of
the Plan.

Equity interest holders are parties who hold an ownership interest
(i.e., equity interest) in Impressions in Concrete, Inc.  The sole
shareholder is David Smith.  The shareholder will retain his
interest in the Reorganized Debtor but will not receive dividends
during the term of the plan of reorganization.

Payments and distributions under the Plan will be funded by through
future income from the operations of the company.

A full-text copy of the Disclosure Statement dated May 8, 2020, is
available at https://tinyurl.com/yaqr8cfu from PacerMonitor at no
charge.

                 About Impressions in Concrete

Impressions in Concrete Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Tex. Case No. 19-35751) on Oct.
11, 2019.  At the time of the filing, the Debtor was estimated to
have assets of between $500,001 and $1 million and liabilities of
the same range.  The case is assigned to Judge Jeffrey P. Norman.
The Debtor is represented by Russell Van Beustring, Esq., at The
Lane Law Firm, PLLC.


INSPIRED CONCEPTS: June 23 Plan & Disclosure Hearing Set
--------------------------------------------------------
Inspired Concepts LLC filed with the U.S. Bankruptcy Court for the
Eastern District of Michigan, Northern Division-Bay City, a
combined plan and disclosure statement.

On May 14, 2020, Judge Daniel S. Opperman approved the disclosure
statement and established the following dates and deadlines:

   * June 16, 2020, is the deadline to return ballots on the plan,
as well as to file objections to final approval of the disclosure
statement and objections to confirmation of the plan.

   * June 23, 2020 at 1:30 p.m. in the U.S. Bankruptcy Courtroom,
111 First Street, Bay City, Michigan 48708 is the hearing on
objections to final approval of the disclosure statement and
confirmation of the plan.

   * July 7, 2020, is the deadline for all professionals to file
final fee applications.

A copy of the order dated May 14, 2020, is available at
https://tinyurl.com/y7llgszh from PacerMonitor at no charge.

                     About Inspired Concepts

Inspired Concepts LLC, a privately held investment and restaurant
management company in Mt. Pleasant, Mich., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mich. Case No.
20-20034) on Jan. 10, 2020.  At the time of the filing, the Debtor
had estimated assets of between $500,000 and $1 million and
liabilities of between $1 million and $10 million.  Judge Daniel S.
Opperman oversees the case.  Jeffrey Grasl, Esq., at Grasl, PLC,
was originally the Debtor's legal counsel.  The Debtor later hired
Wernette Heilman PLLC as substitute counsel to Grasl, PLC.


INSPIRED CONCEPTS: Unsecureds Get 60% of Net Cash Flow for 5 Years
------------------------------------------------------------------
Inspired Concepts LLC filed with the U.S. Bankruptcy Court for the
Eastern District of Michigan, Northern Division-Bay City, a
Combined Plan of Reorganization and Disclosure Statement dated May
12, 2020.

Class IV consists of all Allowed General Unsecured Claims.  The
Deficiency Claims of Fifth Third and Mercantile are included as
General Unsecured Claims.  Reorganized Debtor shall make 16
quarterly distributions to Holders of Allowed Class IV Claims
during the five-year Payment Period. Each quarterly payment will
equal 60 percent of the Debtor's and KJE's net ordinary cash flow
(Class IV Share).  Net ordinary cash flow equals all sales from
both Debtor and KJE, minus cost of goods sold, labor and other
ordinary operating expenses from each restaurant and minus Debtor's
and KJE's office and training expenses.  Ordinary operating
expenses, for purposes of this calculation, includes ordinary
maintenance costs, but does not include capital improvements or
capital expenditures such as replacement equipment.  The first
distribution shall be in the amount of 60 percent of the Debtor's
accumulated net ordinary cash flow accumulated from the
Confirmation Date through October 1, 2021.  Each subsequent
quarterly distribution of the Class IV Share will be calculated
based on the results of the immediately preceding quarter.

There is no cap on any quarterly distribution or the aggregate
amount of the Class IV Share, except that if Reorganized Debtor
pays any Allowed General Unsecured Claim in full, Reorganized
Debtor shall have no further obligations to such Claim Holder under
this Plan.

Class V consists of the Claims of Interests of Debtor.  The
interests of this Class will be treated in one of two alternative
methods:

If Class IV votes to accept the Plan:

   * The Interests of Jeffrey Neely in Debtor will be canceled but
Patti Neely will retain her Interests in Debtor and will become the
sole member of the Reorganized Debtor;

  * CharBhan shall provide a rent abatement of $2,155 per month so
that monthly base rent for the CharBhan-owned headquarters and
training center shall be $5,345 per month, equal to CharBhan’s
base rent as of 2015; and

  * The Holder of the Interests in Reorganized Debtor shall take no
draws or equity distributions until all obligations under this Plan
have been fulfilled by Reorgnized Debtor, and Insiders and Interest
Holders may be compensated only as set forth in this Plan and
Disclosure Statement during the Payment Period.

If Class IV votes to reject the Plan, and the Court determines that
as a result of such rejection, the Plan, but for this paragraph
does not comply with the absolute priority rule, the Interests of
Debtor will be canceled and the Interests of the Reorganized Debtor
will be sold at the Equity Auction. The proceeds of the Equity
Auction will be paid Pro Rata first on account of Administrative
Claims, next to Priority Claims, and finally to prepayment of Class
I and Class II Claims. The successful Purchaser and any individual
that owns or controls the Purchaser directly or indirectly, must
apply all revenues of the Reorganized Debtor to satisfy all of the
obligations of the Reorganized Debtor as and when set forth in this
Plan.

Upon the Effective Date, Debtor will become the Reorganized Debtor.
Notwithstanding anything to the contrary in this Plan, the
Reorganized Debtor shall continue operating Debtor’s business,
shall collect all revenues and income, and shall distribute such
revenues and income as provided under the terms of this Plan.
During the Payment Period, the Reorganized Debtor shall retain
Jeffrey Neely as its Chief Executive Officer.

The Reorganized Debtor will retain control of and be responsible
for all of Debtor's operations after the Effective Date. Funding
for the operations of Debtor's business and for distributions
required under this Plan during the Payment Period shall be from
the operation of Debtor's business.  The Debtor may also use
proceeds of the PPP Loan as necessary after the Effective Date, but
only in accordance with the conditions of the PPP Loan and for the
purposes as set forth in the Paycheck Protection Program.

The Debtor believes that future operations will enable the
Reorganized Debtor to satisfy its obligations under the Plan. Other
sources of cash may be explored and utilized by the Reorganized
Debtor to the extent that such infusions are necessary or helpful
to meet the obligations of the Plan, pre-payments, or to facilitate
continued operations, which may include exit financing,
refinancing, subordinated financing, purchase money financing,
capital contributions and/or lending from Insiders to Reorganized
Debtor.

A full-text copy of the combined plan and disclosure statement
dated May 12, 2020, is available at https://tinyurl.com/y7bf5dsh
from PacerMonitor at no charge.

Attorneys for Debtor:

         WERNETTE HEILMAN PLLC
         Ryan D. Heilman
         40900 Woodward Ave., Suite 111
         Bloomfield Hills, MI 48304
         Tel: (248) 835-4745
         E-mail: ryan@wernetteheilman.com

                 About Inspired Concepts LLC

Inspired Concepts LLC, a privately held investment and restaurant
management company in Mt. Pleasant, Mich., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mich. Case No.
20-20034) on Jan. 10, 2020.  At the time of the filing, the Debtor
had estimated assets of between $500,000 and $1 million and
liabilities of between $1 million and $10 million.  Judge Daniel S.
Opperman oversees the case.  Jeffrey Grasl, Esq., at Grasl, PLC,
was originally the Debtor's legal counsel.  The Debtor later hired
Wernette Heilman PLLC as substitute counsel to Grasl, PLC.


J. HILBURN INC: TAG to Sponsor up to $7M to Fund Plan Payments
--------------------------------------------------------------
J. Hilburn, Inc., filed with the U.S. Bankruptcy Court for the
Northern District of Texas, Dallas Division, a Disclosure Statement
for the Plan of Reorganization dated May 14, 2020.

The Plan provides for a comprehensive restructuring of the Debtor's
obligations, preserves the going-concern value of the Debtor's
business, and provides for payment in full to Holders of Ongoing
Trade Claims.  The Plan also preserves the of jobs of dozens of
employees and thousands of independent stylists and preserves
lucrative business relationships between the Debtor and its major
vendors.  If the Plan is confirmed and subsequently becomes
effective, the Plan will eliminate more than $35 million in secured
and unsecured debt from the Debtor's balance sheet, reduce the
Debtor's operating expenses, and ensure the Debtor has sufficient
liquidity to fund its ongoing operations.

The Plan is the result of extensive prepetition negotiations
between the Debtor, the SVB Lender, the Escalate Lender, the
Noteholders, the TAG Garment Factories, the Preferred Stockholders,
the DIP Lender and the Sponsor, which culminated in the agreements
embodied in the RSA.

Under the RSA, the DIP Lender has agreed to provide the Debtor with
debtor-in-possession financing to fund the Debtor's postpetition
operating and administrative expenses and the Sponsor has committed
to funding up to $7 million on the Effective Date to enable the
Debtor to make the distributions contemplated in the Plan,
including the payment in full of all Ongoing Trade Claims.  By
entering into the RSA, each of the Debtor's major creditor
constituencies, including the SVB Lender, the Escalate Lender, the
Noteholders, the TAG Garment Factories, and the Preferred
Stockholders, has agreed to support the Plan.

Under the RSA, The Apparel Group, Ltd. (TAG) has agreed to sponsor
a plan of reorganization that will provide for (i) the consensual
satisfaction of SVB's claim, (ii) a distribution of upside
participation certificates to Escalate and the Noteholders, (iii)
payment in full of the Debtor's ongoing trade vendors, and (iv) a
large distribution to any remaining non-trade general unsecured
creditors.  In exchange, TAG will receive 100% of the newly issued
equity in the reorganized Debtor.

The Plan generally provides for the treatment of these material
prepetition claims:

  * DIP Loan Claim: In full satisfaction of the DIP Loan Claim, the
DIP Lender will receive either (i) cash in the allowed amount of
such DIP Loan Claim or (ii) together with the Sponsor, a pro rata
share of the Reorganized Debtor Equity Interests.  

   * SVB Claims: In full satisfaction of the SVB Claims, the SVB
Lender will receive the SVB Settlement Payment.  The SVB Deficiency
Claim will be  treated as a Class 7 General Unsecured Claim for
voting purposes but there will be distribution on account of the
SVB Deficiency Claim.

   * Escalate Claim: In full satisfaction of the Escalate Claim,
the Escalate Lender will receive its respective allocation of the
UPC  Interests as set forth on the UPC Term Sheet.

   * Noteholder Claims: In full satisfaction of the Noteholder
claims,  the Noteholders will receive their respective allocations
of the UPC Interests as set forth on the UPC Term Sheet

   * Ongoing Trade Claims: In full satisfaction of Ongoing Trade
Claims, each Holder of an Ongoing Trade Claim will receive (i) cash
in an amount  equal to 50% of the Allowed amount of such Ongoing
Trade Claim, to be paid on the Effective Date plus Cash in an
amount equal to 50% of the Allowed amount of such Ongoing Trade
Claim, to be paid on or before the date that is 60 days after the
Effective Date.

   * Employee Claims: In full satisfaction of the Employee Claims,
each Holder of an Employee Claim will receive (i) xash in an amount
equal to $13,650, to be paid on the Effective Date plus Cash in an
amount equal the remaining unpaid Allowed amount of such Employee
Claim, to be paid on or before October 31, 2020.

   * General Unsecured Claims: In full satisfaction of each Allowed
General Unsecured Claim, each Holder thereof will receive its pro
rata share of [$___].

   * Equity Interests in the Debtor:  On the Effective Date of the
Plan, all Equity Interests in the Debtor will be cancelled without
any  Distribution on account of such Equity Interests.

The Debtor and Reorganized Debtor will fund Distributions under the
Plan with: (a) Cash on hand; (b) the issuance and distribution of
the Reorganized Debtor Equity Interests; (c) the Sponsor
Contribution; (d) proceeds from the operation of the Reorganized
Debtor's business; and (e) issuance and distribution of the UPC
Interests.

A full-text copy of the Disclosure Statement dated May 14, 2020, is
available at https://tinyurl.com/ydb3xn4a from PacerMonitor at no
charge.

Proposed Counsel for J. Hilburn:

         Patrick J. Neligan, Jr.
         John D. Gaither
         NELIGAN LLP
         325 N. St. Paul, Suite 3600
         Dallas, Texas 75201
         Telephone: (214) 840-5300
         E-mail: pneligan@neliganlaw.com
                 jgaither@neliganlaw.com

                       About J. Hilburn

J. Hilburn, Inc. -- https://www.jhilburn.com/ -- sells custom-made
men's clothing.  The Company offers shirts, suits, trousers, pants,
sweaters, outerwears, and accessories.

On April 30, 2020, J. Hilburn, Inc., and its affiliates sought
Chapter 11 protection (Bankr. N.D. Tex. Case No. 20-31308).  The
petition was signed by CEO David DeFeo, Diamondback was estimated
to have $1 million to $10 million in assets and $10 million to $50
million liabilities.  The Debtors tapped Patrick J. Neligan, Jr.,
Esq., of Neligan LLP, as counsel.


JAGUAR HEALTH: Crofelemer to be Tested Against 5 Different Viruses
------------------------------------------------------------------
As previously disclosed, Jaguar Health, Inc. offered to provide
crofelemer to the National Institute of Allergy and Infectious
Diseases ("NIAID") for anti-viral screening against SARS-CoV-2. On
May 27, 2020, Napo Pharmaceuticals, Inc., the Company's
wholly-owned subsidiary, received notification from NIAID that
Napo's request for testing crofelemer has been approved and that
crofelemer will be tested against five different viruses, one of
which is SARS-CoV-2.  For clarity, this is not Mytesi finished
product (i.e. delayed release tablets) and the testing does not
involve any human studies.

                        About Jaguar Health

Jaguar Health, Inc. -- http://www.jaguar.health-- is a commercial
stage pharmaceuticals company focused on developing novel,
sustainably derived gastrointestinal products on a global basis.
The Company's wholly owned subsidiary, Napo Pharmaceuticals, Inc.,
focuses on developing and commercializing proprietary human
gastrointestinal pharmaceuticals for the global marketplace from
plants used traditionally in rainforest areas. Its Mytesi
(crofelemer) product is approved by the U.S. FDA for the
symptomatic relief of noninfectious diarrhea in adults with
HIV/AIDS on antiretroviral therapy.

Jaguar reported a net loss of $38.54 million for the year ended
Dec. 31, 2019, compared to a net loss of $32.15 million for the
year ended Dec. 31, 2018.  As of March 31, 2020, the Company had
$33.28 million in total assets, $16.67 million in total
liabilities, $10.37 million in series A redeemable convertible
preferred stock, and $6.23 million in total stockholders' equity.

Mayer Hoffman McCann P.C., in San Francisco, California, the
Company's auditor since 2019, issued a "going concern"
qualification in its report dated April 2, 2020 citing that the
Company has experienced losses since inception, significant cash
used in operations, and is dependent on future financing to meet
its obligations and fund its planned operations.  These conditions
raise substantial doubt about its ability to continue as a going
concern.


JAN THOMAS: $450K Sale of Dewey Beach Property to Schieck Denied
----------------------------------------------------------------
Judge Cynthia C. Jackson of the U.S. Bankruptcy Court for the
Middle District of Florida denied Jan Thomas' sale of the real
property located at 202 Jersey Street, Dewey Beach, Delaware to
Marcia Schieck for $450,000.

A hearing on the Motion was held on May 19, 2020.

The Debtor is prohibited from selling the Property as set forth in
the Motion, and the Property will remain property of the bankruptcy
estate.

Neither the Debtor nor the Debtor's company, Historic Coast Realty,
Inc., is entitled to receive any proceeds for any work completed by
reason of the May 22, 2020 scheduled sale of the Property to Marcia
Schiek.  

Neither the Debtor nor Historic Coast Realty, Inc. may retain any
funds from the $25,000 earnest money deposit paid by Marcia
Schiek.

Jan Thomas sought Chapter 11 protection (Bankr. M.D. Fla. Case No.
20-00136) on Jan. 16, 2020.  The Debtor tapped Undine George, Esq.,
as counsel.


JOSEPH A. BRENNICK: June 30 Auction Sale of 8 Properties Approved
-----------------------------------------------------------------
Judge Catherine Peek McEwen of the U.S. Bankruptcy Court for the
Middle District of Florida authorized in part and denied in part
Joseph A. Brennick's the auction sale of Properties.

The Court denied the sale with respect to the following properties:


     a. Parcel 1: Lockwood Ridge Assoc., Inc. - 0 N Lockwood Ridge
Rd., Sarasota, Parcel ID 0030-02-0003, 3.84-acre Vacant land;

     b. Parcel 2: Lockwood Ridge Assoc., Inc. - 0 N Lockwood Ridge
Rd., Sarasota, Parcel ID 0030-07-0008, 1.94-acre Contiguous vacant
land;

It granted the sale with respect to the following properties:

     c. Parcel 3: Sarasota Head Injury Holding Co., Inc. - 4601
Lockwood Ridge Rd, Sarasota, Parcel ID 0029-03-0007, 1.91-acre
vacant land;

     d. Parcel 4: Sarasota Head Injury Holding Co., Inc.- 4409
Lockwood Ridge Rd., Sarasota, Parcel ID 0029-03-0006, 0.34-acre
contiguous vacant land;

     e. Parcel 5: Brennick, Joseph A. - 1070 Florida Ave. S. Hardee
09-34-25-0000-04170-000, 1.2-acre Single family residence;

     f. Parcel 6: Brennick, Joseph A. - Florida Ave. S. Hardee
09-34-25-0000-04180-000, 2.4-acre Vacant land

     g. Parcel 7: Brennick, Joseph A. - 1120 Florida Ave. S Hardee
09-34-25-0000-04190-000, 1.2-acre contiguous vacant land;

     h. Parcel 8: Brennick, Joseph A. - 1130 Florida Ave. S. Hardee
09-34-25-0000-04200-000, 0.63-acre contiguous vacant land; and

     i. Parcel 9: 9204 Bay Street, Inc. - 204 Bay St. W Hardee
03-34-25-0200-00037-0016, Lot - Single family residence

A hearing on the Motion was held on May 14, 2020 at 2:00 p.m.

The AMB Objection is sustained.  Based upon the clarifications
announced on the record at the Hearing, the Wauchula Objection is
overruled as moot.  The Allstate Objection is overruled as moot
given that the AMB Objection is sustained.

The bid procedures as set forth in the Motion, as clarified on the
record at the Hearing, are approved.  By no later than five
business days after a final non-appealable Bid Procedures Order,
the Debtor will file with the Court, and serve notice thereof on
interested parties as required by the Bid Procedures Order and the
Bankruptcy Code, the Sale Motion, which Sale Motion will seek entry
of an order approving the sale of the Properties to the bidder(s)
with the highest and best offer for the Properties, or any
combination of bids for certain Properties which results in the
highest and best total offer for the Properties.

The salient terms of the Bidding Procedures are:

     a. Deposit: (i) $25,000 for Properties located in Sarasota
County, (ii) for Properties located in Hardee County, verification
of a valid credit card with available balance of at least $1,000

     b. Auction: The Auction will be open to qualified bidders
until June 30, 2020.

     c. Bid Increments: $5,000

     d. Sale Hearing: A Sale hearing will be held within three to
five days after the close of the online Auction.

     e. Sale Objection Deadline:

     f. Closing: The closing will be within 30 days of the close of
the online auction event, or within 10 days of a court order
approving the sale, whichever is longer.

The Debtor will mail a copy of the Order, to (a) all creditors and
parties listed on the Court's mailing matrix for the case; (b) all
applicable taxing authorities; (c) all parties which, to the
knowledge of the Debtor, have liens on or have asserted liens or
other interests in the Properties; and (d) any party that has
previously expressed an interest in acquiring the Properties, and
thereafter file a certificate of service with the Court.

The Court will conduct a continued hearing on July 16, 2020, at
2:30 p.m. on Amended Objection to Claim No. 32, responses thereto,
Amended Objection to Claim No. 12-6, and objection thereto.

Joseph A. Brennick sought Chapter 11 protection (Bankr. M.D. Fla.
Case No. 18-07874) on Sept. 18, 2018.  The Debtor tapped Edward J.
Peterson, III, Esq., at Stichter, Riedel, Blain & Postler, P.A., as
counsel.


KENDALL FROZEN: Unsecureds to Split $500K in Trustee's Plan
-----------------------------------------------------------
Howard Grobstein, the Chapter 11 trustee for Kendall Frozen Fruits,
Inc., filed with the U.S. Bankruptcy Court for the Central District
of California, Santa Ana Division, a Disclosure Statement
describing Chapter 11 Plan of Reorganization dated May 8, 2020.

Prior to the appointment of the Trustee, the Debtor and Valle Frio
were in the midst of negotiations for postpetition financing that
would allow Debtor and Valle Frio to continue conducting business
with each other and allow the Debtor to continue fulfilling
customer orders from Trader Joe's. After his appointment, the
Trustee and his counsel continued negotiations with Valle Frio.

After the Trustee's appointment, Ms. Susan Kendall expressed an
interest in purchasing certain of Debtor's customer accounts.  The
trustee also desired to extricate Ms. Kendall from the operations
of the Debtor due to her prior activities that the trustee believed
were detrimental to the Debtor.  The Trustee entered into an asset
purchase agreement (APA) with Ms. Kendall whereby Ms. Kendall would
purchase a customer list of certain of Debtor's customers for
$150,000 plus the surrender of all her stock in the Debtor.

The Plan provides for payments to creditors through the
preservation of the Debtor's going concern value and future
business through a comprehensive reorganization.  The
post-confirmation Debtor (Reorganized Debtor) is expected to be
able to make payments under the Plan by, among other things: (a)
reducing operating expenses in proportion to sales; (b) increasing
sales; (c) reducing the amount due under its obligations to
creditors secured by the Debtor’s personal property and obtaining
certain economic concessions from such creditors; (d) restructuring
its corporate form and utilizing a qualified subsidiary to obtain
certain advantageous tax attributes; and (e) make payments to
unsecured creditors via the Unsecured Creditor Pool and a
percentage of gross annual revenue.

Convenience Class - Allowed General Unsecured Claim(s) Class 2(A).
Each holder of an Allowed General Unsecured Claim may voluntarily
elect to receive 50.0% of their Allowed General Unsecured Claim not
to exceed $25,000 on the Effective Date or as soon as reasonably
practicable after the Trustee of the Creditor Trust has sufficient
cash on hand to pay 50.0% of the claim.  Any Allowed General
Unsecured Claim holder who opts into this Class 2A will expressly
waive any of the creditor's Allowed General Unsecured Claim in
excess of $25,000.

Class 2B - Allowed General Unsecured Claim(s) who do not opt into
Class 2(A).  Each holder of an Allowed General Unsecured Claim that
does not opt to be treated as a holder of a Class 2(A) claim, shall
receive, in full satisfaction of its claim against Debtor, a pro
rata share of the Unsecured Creditor's Pool, which was created
pursuant to the Valle Frio Compromise Order.  The post-petition
payments to Unsecured Creditor Pool are set forth in the
Amortization Schedule.  Stated otherwise, at a minimum, Class 2B
Allowed General Unsecured Claim holders will receive a pro rata
share of $500,000 via the Unsecured Creditor Pool.

Class 2C - Stipulated reduced unsecured claim of Ms. Susan Kendall.
On March 29, 2019, Ms. Kendall filed Proof of Claim 8-1 asserting
a $3,274,767.96 unsecured claim against the Estate.  Pursuant to a
global settlement reached by the Trustee, Ms. Kendall has agreed to
reduce her unsecured claim to $258,000 to be paid monthly over a
two-year period.

Mr. Brian Klein will retain his ownership of all existing interests
in the Debtor without impairment unless any of Classes 2A, 2B or 2C
fails to vote in favor of the Plan.  If the latter circumstance
occurs, Mr. Klein will enter into an agreement with the Trustee
whereby Mr. Klein will acquire all issued and outstanding shares in
the Reorganized Debtor (Acquired Stock), through payments over
time, totaling $50,000 (Klein Payments).  The Plan constitutes a
motion to approve this purchase transaction.  The Klein Payments
shall be deposited into the Unsecured Creditor Pool.

It is estimated the Estate will have cash on hand in free at the
time of confirmation, to be held in a segregated account.  These
funds will be used to fund all necessary Effective Date payments
and a percentage of the administrative professional fees on the
Effective Date.  The Reorganized Debtor will use payments from the
Q-Sub to make the Plan payments.

The Debtor will form an Operating Subsidiary as a qualified
subchapter S corporation (QSub).  QSub will be 100% owned by the
Reorganized Debtor and the Reorganized Debtor shall make a valid
QSub election for this subsidiary.

In addition, the Debtor holds claims against its insiders.  The
claims against insiders, and any claims under Chapter 5 of the
Bankruptcy Code will be pursued after confirmation of the Plan by
the Disbursing Agent on behalf of the Reorganized Debtors, with the
net proceeds from such claims being deposited into the Unsecured
Creditors Pool and used to pay Class 2(B) Claims.

A full-text copy of the Trustee's plan dated May 8, 2020, is
available at https://tinyurl.com/y9j23wkb from PacerMonitor at no
charge.

Attorneys for Chapter 11 Trustee:

          MATTHEW W. GRIMHSAW
          DAVID A. WOOD
          MARSHACK HAYS LLP
          870 Roosevelt
          Irvine, California 92620
          Telephone: (949) 333-7777
          Facsimile: (949) 333-7778
          E-mail: mgrimshaw@marshackhays.com
                  dwood@marshackhays.com

                   About Kendall Frozen Fruits

Newport Beach, California-based Kendall Frozen Fruits, Inc. --
https://www.kendallfruit.com/ -- is an industrial food supplier
specializing in the sale and marketing of fruit and vegetable
products since 1939.  It offers frozen fruits, dried fruits, juice
concentrates, purees, freeze dried fruit, fruit powders, vegetable
products, chocolate covered dried fruit, and yogurt covered dried
fruit.

Kendall Frozen Fruits sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 18-14052) on Nov. 5,
2018.  At the time of the filing, the Debtor was estimated to have
assets of $1 million to $10 million and liabilities of the same
range.  Judge Scott C. Clarkson oversees the case.  SulmeyerKupetz,
A Professional Corporation, is the Debtor's counsel.

Howard Grobstein was appointed as the Debtor's Chapter 11 trustee
on Feb. 14, 2019.  The Trustee hired Marshack Hays LLP as his legal
counsel.


KIDS TOWN DAY: June 25 Plan & Disclosure Hearing Set
----------------------------------------------------
On May 11, 2020, debtor Kids Town Day Care, Inc., filed with the
U.S. Bankruptcy Court for the District of New Jersey a Plan and
Disclosure Statement.

On May 12, 2020, Judge Michael B. Kaplan conditionally approved the
Disclosure Statement and established the following dates and
deadlines:

   * June 18, 2020, is fixed as the last day for filing and serving
written objections to the Disclosure Statement and confirmation of
the Plan.

   * June 18, 2020, is fixed as the last day for filing written
acceptances or rejections of the Plan.

   * June 25, 2020, at 10:00 am before the Chief Judge Michael B.
Kaplan, United States Bankruptcy Court, District of New Jersey, 402
East State Street, Trenton, New Jersey 08608, in Courtroom 8, is
the hearing for final approval of the Disclosure Statement and for
confirmation of the Plan.

A copy of the order dated May 12, 2020, is available at
https://tinyurl.com/ybzomh22 from PacerMonitor at no charge.

                    About Kids Town Day Care

Kids Town Day Care, Inc. filed Chapter 11 Petition (Bankr. D.N.J.
Case No. 19-25950) on Aug. 19, 2019.  Kids Town is represented by
Ellen M. McDowell, Esq. of MCDOWELL LAW, PC.


LEVEL SOLAR: Project Funds Object to Trustee, Pell-QED's Disclosure
-------------------------------------------------------------------
Level Solar Fund III LLC (Fund III) and Level Solar Fund IV LLC
(Fund IV, together with Fund III, the Project Funds) object to
approval of the Disclosure Statement for the Third Amended Joint
Chapter 11 Plan of Reorganization of the Chapter 11 Trustee and
Pell-QED Proponents for Debtor Level Solar, Inc.

In support of this Objection, the Project Funds state as follows:

  * The Plan Proponents have set up a sham auction process under
which third parties can outbid the Pell-QED Proponents. However,
there is no actual marketing process established. No process is
proposed where interested third parties are contacted about the
assets or the auction.

  * The Pell-QED Proponents -- as well as William Frey, Carrie
Frey, and Richard Pell, who are not Plan proponents and are not
providing the Pell-QED Contribution -- are receiving broad releases
from the Estate.  Aside from the fact that the non-Plan proponents
are not providing any consideration and should not receive releases
from the Estate, the Third Disclosure Statement falls short of
describing the steps the Chapter 11 Trustee has taken to
investigate the Estate's claims against these insiders.

  * If the Third Plan is confirmed, Pell and QED will control how
the LSI Liquidating Trust assets will be liquidated or distributed.
The Third Disclosure Statement and Third Plan must be modified to
provide that no asset of the LSI Liquidating Trust will revert back
to the Reorganized Debtor.

  * The Third Disclosure Statement continues to fall short of
providing adequate information to creditors on a variety of
essential topics. Most appalling is that at the hearing held on
Feb. 18, 2020, the Court stated that the tax disclosures in the
prior disclosure statement were either shallow or wrong.
Shockingly, the Plan Proponents have made no changes to the tax
disclosures.

  * In addition, the Third Disclosure Statement fails to mention
that QED and the Chapter 11 Trustee filed a complaint on April 2,
2020, against the Debtor's former law firm under which QED is
seeking to recover the $8.3 million in "investments" it made in the
Debtor.

A full-text copy of Project Funds' objection dated May 12, 2020, is
available at https://tinyurl.com/ycxpdtkt from PacerMonitor at no
charge.

Counsel to Level Solar Fund III and Level Solar Fund IV:

         NIXON PEABODY LLP
         Victor Milione
         Christopher J. Fong
         55 West 46th Street
         New York, NY 10036
         Telephone: (212) 940-3000
         E-mail: vmilione@nixonpeabody.com
                 cfong@nixonpeabody.com

                        About Level Solar

Based in New York, Level Solar Inc. operates under the solar-energy
installation industry. Incorporated in 2013, the company has
operations in Long Island, New York City and Massachusetts.  

Level Solar filed for bankruptcy protection (Bankr. S.D.N.Y. Case
No. 17-13469) on Dec. 4, 2017.  At the time of the filing, the
Debtor was estimated to have assets of between $50 million and $100
million and debt of between $1 million and $10 million.

Michael Conway, Esq., at Shipman & Goodwin LLP, is the Debtor's
bankruptcy counsel.  Akin Gump Strauss Hauer & Feld LLP serves as
corporate counsel.

Ronald J. Friedman, Esq., was appointed Chapter 11 trustee for the
Debtor. The Trustee tapped SilvermanAcampora LLP as his legal
counsel.


LIBBEY GLASS: Case Summary & 30 Largest Unsecured Creditors
-----------------------------------------------------------
Twelve affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

      Debtor                                    Case No.
      ------                                    --------
      Libbey Glass Inc. (Lead)                  20-11439
      300 Madison Avenue
      Toledo, OH 43604

      Libbey Inc.                               20-11440
      Libbey.com LLC                            20-11443
      Syracuse China Company                    20-11446
      The Drummond Glass Company                20-11448
      LGC Corp.                                 20-11447
      LGAC LLC                                  20-11450
      LGFS Inc.                                 20-11444
      LGAU Corp.                                20-11455
      LGA4 Corp.                                20-11453
      LGA3 Corp.                                20-11456
      World Tableware Inc.                      20-11451
   
Business Description:     Libbey Glass Inc. and its subsidiaries
                          design, produce, and sell tableware
                          and other products, including glass
                          tableware, ceramic dinnerware, and metal
                          flatware primarily to the foodservice,
                          retail and business-to-business channels

                          of distribution.  Headquartered in
                          Toledo, Ohio, the Debtors produce glass
                          tableware in five countries and sell to
                          customers in over 100 countries under
                          their Libbey, Libbey Signature,
                          Master's Reserve, Crisa, Royal Leerdam,
                          World Tableware, Syracuse China and
                          Crisal Glass brand names (among others).

                          The Debtors own and manufacture glass
                          tableware and other products at two
                          manufacturing plants in the United
                          States as well as at plants in Mexico,
                          the Netherlands, Portugal, and China.
                          Visit https://libbey.com for more
                          information.

Chapter 11 Petition Date: June 1, 2020

Court:                    United States Bankruptcy Court
                          District of Delaware

Judge:                    Hon. Laurie Selber Silverstein

Debtors' Counsel:         John H. Knight, Esq.
                          Russell C. Silberglied, Esq.
                          Paul N. Heath, Esq.
                          Zachary I. Shapiro, Esq.
                          RICHARDS, LAYTON & FINGER, P.A.
                          One Rodney Square
                          920 North King Street
                          Wilmington, DE 19801
                          Tel: (302) 651-7700
                          Fax: (302) 651-7701
                          E-mail: knight@rlf.com
                                  silberglied@rlf.com
                                  heath@rlf.com
                                  shapiro@rlf.com
                 
                             - and -

                           George A. Davis, Esq.
                           Keith A. Simon, Esq.
                           David A. Hammerman, Esq.
                           Anupama Yerramalli, Esq.
                           Madeleine C. Parish, Esq.
                           LATHAM & WATKINS LLP
                           885 Third Avenue
                           New York, New York 10022
                           Tel: (212) 906-1200
                           Fax: (212) 751-4864
                           E-mail: george.davis@lw.com
                                   keith.simon@lw.com
                                   david.hammerman@lw.com
                                   anu.yerramalli@lw.com
                                   madeleine.parish@lw.com

Debtors'
Financial
Advisor:                   ALVAREZ & MARSAL NORTH AMERICA, LLC

Debtors'
Investment
Banker:                    LAZARD LTD


Debtors'
Claims &
Noticing
Agent:                     PRIME CLERK LLC
                           https://cases.primeclerk.com/libbey
  
Estimated Assets
(on a consolidated basis): $100 million to $500 million

Estimated Liabilities
(on a consolidated basis): $500 million to $1 billion

The petitions were signed by Michael P. Bauer, chief executive
officer.

A copy of Libbey Glass' petition is available for free at
PacerMonitor.com at:

                       https://is.gd/2GGQs3

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Microsoft Corporation            Trade Payable       $3,585,151
One Microsoft Way
Redmond, WA 98052
Satya Nadella
Chief Executive Officer
Tel: (425) 882-8080
Email: satyan@microsoft.com

2. UTC Overseas Inc. -              Trade Payable       $3,323,001
Brokerage and Duties
2 Northpoint Drive
Suite 213
Houston, TX 77060
Hans J. Meyer
Chief Executive Officer
Tel: (713) 422-2850
Fax: (713) 422-2895
Email: h.meyer@utcoverseas.com

3. Shandong Silver                  Trade Payable       $1,676,777
Phoenix Co., Ltd.   
58 Jinqueshan Road
Linyi City
Shandong P.R.
China
Ms. Wang
Chief Executive Officer
Tel: 0086-0539-8242898
Fax: 0086-0539-8241840
Email: hzhiq@126.com

4. Best (China) Industrial &        Trade Payable         $876,973
Trading Co Ltd.
Xichen Village
Rongdong Town Rongcheng
District Jieyang City
Guangdong, China
Sharon & Rocky Chen, Owners
Tel: (86) 663-822-9408
Email: flatware@vip.126.com
tableware_best@vip.126.com

5. Ingram Micro Inc.                Trade Payable         $516,231
3351 Michelson Dr
Suite 100
Irvine, CA 92612-0697
Alain Monie
Chief Executive Officer
Tel: (714) 566-1000
Email: amonie@ingrammicro.com

6. CH Robinson Company Inc          Trade Payable         $421,470
14701 Charlson Road
Eden Prairie, MN 55347
Robert Houghton
Vice President, Corporate Finance
Tel: (952) 683-3531
Email: robert.houghton@chrobinson.com

7. Pratt Corrugated Holdings, Inc.  Trade Payable         $362,465
1800 Sarasot Bus Pkwy NE C
Conyers, GA 30013
Brian McPheely
Chief Executive Officer
Tel: (770) 918-5678
Fax: (770) 918-5679
Email: bmcpheely@prattindustries.com

8. BHS Tabletop AG                  Trade Payable         $343,736
Ludwigsmuhle 1
95100
Selb, Germany
Gernot Egretzberger
Member of the Board of Finance
Tel: 49-961-82-0
Fax: 49-961-82-3102
Email: egretzberger.g@bhs-tabletop.de

9. Avendra LLC                      Trade Payable         $281,306
540 Gaither Road
Suite 200
Rockville, MD 20850
Wolfram Schaefer, President
Tel: (301) 825-0500
Fax: (301) 825-0497
Email: wolfram.schaefer@avendra.com

10. Airgas USA, LLC                 Trade Payable         $280,974
259 North Radnor-Chester Road
Suite 100
Radnor, PA 19087
Pascal Vinet
Chief Executive Officer
Tel: (800) 255-2165
Fax: (610) 687-6932
Email: pascal.vinet@airgas.com

11. Bayerische Glaswerke GMBH       Trade Payable         $264,224
Zacharias-Frank-Strasse 7
92660 Neustadt A.D. Waldnaab,
Waldnaab, Germany
Richard Voit
Managing Director
Tel: +49 (0) 9602/30 0
Fax: +49 (0) 9602/30 11 00
Email: r.voit@spiegellaunachtmann.de

12. U.S. Express, Inc.              Trade Payable         $256,705
4080 Jenkins Road
Chattanooga, TN 37421
Eric Fuller
President & Chief Executive Officer
Tel: (866) 646-5886
Email: efuller@usxpress.com

13. A.A. Boos & Sons Inc.           Trade Payable         $245,501
1845 Collingwood Blvd.
Toledo, OH 43604
Joshua M. Hughes
Chief Executive Officer
Tel: (419) 241-3601
Email: jhughes@agcnwo.com

14. Bay Corrugated Container        Trade Payable         $240,845
1655 West 7th Street
P.O. Box 667
Monroe, MI 48161
Connie Reuther
Chief Executive officer
Fax: (734) 243-2499
Email: conniereuther@baycorr.com

15. AETNA                           Trade Payable         $219,755
One CVS Drive
Woonsocket, RI 02895
Karen S. Lynch
Executive Vice President of CVS
Health and President of the Aetna
Business Unit
Email: karen.lynch@cgshealth.com

16. Jieyang Xiangrun Hardware       Trade Payable         $217,413
Industry Co., Ltd.
Building A2 Songshanwang
Industrial Park, Yuecheng
Jieyang City, Guangdong
China
Rogan Ren
Tel: (86) 886-882-2239
Email: roganren@vip.163.com

17. Genesis Alkali                  Trade Payable         $214,480
919 Milam
Suite 2100
Houston, TX 77002
Grant E. Sims
Chief Executive Officer
Email: grant.sims@genlp.com

18. Lexington MLP Shreveport LP     Trade Payable         $187,226
c/o Lexington Realty Trust
One Penn Plaza, Suite 4015
New York, NY 10119
T. Wilson Eglin
President & Chief Executive Officer
Tel: (212) 692-7200
Email: tweglin@lxp.com

19. Northwest Pallet Services, LLC  Trade Payable         $185,003
1450 American Lane
Suite 700
Schaumburg, IL 60173
Jack Donnell
Chief Executive Officer
Tel: (855) 544-6001
Email: jdonnell@northwestpallet.com

20. PT. Ishizuka Maspion            Trade Payable         $181,969
Indonesia
Kembang Jepun 38-40
Surabaya, 60162
Indonesia
Yuwono Alim, Owner
Tel: WhatsApp +62-811-8016-380
Email: yuwonoalim@maspion.com

21. Ri Jing (Tianjin) Steel         Trade Payable         $177,828
Technology Co., Ltd.
Sanhe Industry Park Zone
Gegu Town
Jinnan District
Tianjin, 300352
China
Mrs. Guo
Chief Financial Officer
Tel: +8628683388
Email: rijing8188@163.com

22. Borgonovo                       Trade Payable         $163,172
Via Pianello
75 29011 Borgonovo VAL
Tidone
Piacenza (PC)
Italy
Francesco Piccioni
President
Tel: 39-0523-865311
Fax: 39-0523-862843

23. Home Pottery Co. Ltd.           Trade Payable         $161,721
119 Moo 15 T. Sopprab A.
Sopprab
Lampang, 52170
Thailand
Ms. Wannee Chourkittisopon
Chief Executive Officer &
Board Chair
Tel: (054) 296-3772
Email: wannee@homepottery.com

24. SJZ Jinxuan Trading Co. Ltd.    Trade Payable         $153,723
RM705, Building No. D
Meidong International
No. 16 Guangan Street
Shijiazhuang, 050011
China
Mr. Jia Ji
Chief Executive Officer
Tel: +86 133 7311 3772
Fax: +86 311 8961 9001
Email: jacy.jia@j-y-glass.com

25. Custom Deco Inc                 Trade Payable         $153,691
1343 Miami St
Toledo, OH 43605
Nathan Ruetz
Plant Manager
Tel: (567) 420-6847
Email: nruetz@customdeco.com

26. Yangjiang Halbert               Trade Payable         $150,857
Industrial Co. Ltd.
88 Industrial Avenue
Dashihan Industrial Section
Beiguan Town Yangdong
County
Guangdon Privince,
China
Ms. Chang Ming Chen
Export Officer
Tel: 86-662-6689566
Fax: 86-662-6689599
Email: halbert-05@ydnew.com

27. IBEX Midstream LLC              Trade Payable         $144,598
12377 Merit Drive
Suite 1200
Dallas, TX 75251
Albert Huddleston
Partner & Chief Executive Officer
Tel: (214) 750-3820
Email: ahuddleston@aethonenergy.com

28. BDI Express                     Trade Payable         $141,128
BDI Central Support
8000 Hub Parkway
Cleveland, OH 44125
Carl James
President & Chief Executive Officer
Tel: (216) 642-9100
Fax: (216) 642-9573
Email: cjames@bdi-usa.com

29. Clark Food Service              Trade Payable         $139,072
2207 Old Philadelphia Pike
Lancaster, PA 17602
Gene Clark
Tel: (717) 392-9363
Email: lgclark@clarkinc.biz

30. Chaozhou Jinhui Ceramics        Trade Payable         $133,441
Manufacturoy Co., Ltd.
Room 201
A-1 Yue Garden
Xirong Road
Chaozhou City
Guangdong 521000
China
Zhai Jinzhong
Principal
Tel: 86-768-2180338
Fax: 86-768-2180238


LONGVIEW POWER: Faegre Drinker Updates Holdings of Term Lenders
---------------------------------------------------------------
In the Chapter 11 cases of Longview Power, LLC, et al., the law
firm of Faegre Drinker Biddle & Reath LLP said that they are
supplementing the disclosures of the Ad Hoc Group of Term Lenders
under Rule 2019 of the Federal Rules of Bankruptcy Procedure.

On April 15, 2020 Faegre Drinker filed its first verified statement
Pursuant to Bankruptcy Rule 2019.  Since the date the firm filed
the first statement, the disclosable economic interests of the Ad
Hoc Group of Term Lenders have changed as a result of trades
executed in the secondary market.  Further, the allocation of
holdings among members of the Ad Hoc Group of Term Lenders has been
revised to reflect certain investment manager relationships.

In accordance with Bankruptcy Rule 2019, the undersigned hereby
submits this Supplemental Statement.  As of May 20, 2020, members
of the Ad Hoc Group of Term Lenders and their disclosable economic
interests are:

Cetus Capital III LP
8 Sound Shore Drive Suite 303
Greenwich, CT 06830

* Term B Loan: $10,644,877.11

Cetus Capital VI LP
8 Sound Shore Drive Suite 303
Greenwich, CT 06830

* Term B Loan: $7,934,963.63

Littlejohn Opportunities Master Fund LP
8 Sound Shore Drive Suite 303
Greenwich, CT 06830

* Term B Loan: $5,189,860.55

OFM II LP
8 Sound Shore Drive Suite 303
Greenwich, CT 06830

* Term B Loan: $11,156,568.38

VSS Fund LP
8 Sound Shore Drive Suite 303
Greenwich, CT 06830

* Term B Loan: $4,617,096.00

CION Investment Corporation
3 Park Ave, 36th Floor
New York, NY 10016

* Term B Loan: $7,899,303.77

34th Street Funding LLC
3 Park Ave, 36th Floor
New York, NY 10016

* Term B Loan: $9,845,360.80

DoubleLine Capital LP
333 South Grand Ave, 18th Floor
Los Angeles, CA 90071

* Term B Loan: $9,550,000

Eaton Vance Management
2 International Place
Boston, MA 02110

* Term B Loan: $18,155,762.31

Boston Management and Research
2 International Place
Boston, MA 02110

* Term B Loan: $15,839,887.35

MJX Asset Management LLC
12 E 49th Street, 38th Floor
New York, NY 10017

* Term B Loan: $12,905,638.23
* Equity Interest: 394,540 shares

Seix Investment Advisors LLC
1 Maynard Drive Suite 3200
Park Ridge, NJ 07656

* Term B Loan: $23,073,572.99

Sound Point Capital Management LP
375 Park Avenue, 33rd Floor
New York, NY 10152

* Term B Loan: $12,156,799.54

Trilogy Capital Management LLC
500 Mamaroneck Ave
Harrison, NY 10528

* Term B Loan: $67,493,915.51
* Equity Interest: 4,683,154 shares

R&F Market
390 Park Avenue, 3rd Floor
New York, Ny 10022

* Term B Loan: 40,448,566.40

Voya Investment Management Co LLC
230 Park Avenue
New York, NY 1016

* Term B Loan: $13,117,933.00
* Equity Interest: 361,772 shares

Counsel for the Ad Hoc Group of Term Lenders can be reached at:

          FAEGRE DRINKER BIDDLE & REATH LLP
          Kaitlin W. MacKenzie, Esq.
          222 Delaware Ave., Suite 1410
          Wilmington, DE 19801-1621
          Telephone: (302) 467-4213
          Facsimile: (302) 467-4201
          Email: kaitlin.mackenzie@faegredrinker.com

                  - and –

          James H. Millar, Esq.
          Laura A. Appleby, Esq.
          Kyle R. Kistinger, Esq.
          New York, NY 10036-2714
          Telephone: (212) 248-3140
          Facsimile: (212) 248-3141
          Email: james.millar@faegredrinker.com
                 laura.appleby@faegredrinker.com
                 kyle.kistinger@faegredrinker.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/QCtqPI

                    About Longview Power

Longview Power, LLC, together with Longview Intermediate Holdings
C, LLC and its non-debtor affiliates, operates a 710 megawatt
advanced supercritical coal fired power generation facility located
in Maidsville, West Virginia that uses equipment,  processes,
designs, and technology developed specifically for use at the
Maidsville site.  Longview is a privately owned power company that
was formed in 2003 for the purpose of constructing and operating
the coal-burning Longview Plant in Monongalia County, West
Virginia.

Longview Power, LLC and affiliate Longview Intermediate Holdings C,
LLC sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
20-10951) on April 14, 2020.

Longview Power was estimated to have $100 million to $500 million
in assets and liabilities as of the bankruptcy filing.

The Debtor tapped KIRKLAND & ELLIS LLP as bankruptcy counsel;
RICHARDS, LAYTON & FINGER, P.A., as local counsel; 3CUBED ADVISORY
SERVICES, LLC as restructuring advisor; and HOULIHAN LOKEY, INC.,
as financial advisor.  DONLIN, RECANO & COMPANY, INC., is the
claims agent.


M M & D HARVESTING: Proposes June 5 Auction of Personal Property
----------------------------------------------------------------
M M & D Harvesting, Inc., asks the U.S. Bankruptcy Court for the
Eastern District of North Carolina to authorize the public sale of
personal property listed on Exhibit A, with onsite and internet
bidding scheduled for June 5, 2020 at 10:00 a.m. at the Country
Boys Auction Sale Yard located at 5485 NC HWY 264 West, Washington,
North Carolina.

The Property is comprised mostly of logging equipment, and other
equipment no longer necessary for the Debtor's continued
operations.

In connection with the filing of the Motion, the Debtor has also
filed an Application for Employment and Compensation of Auctioneer,
seeking to employ Country Boys Auction & Realty Co., Inc. as the
auctioneer for the Debtor to conduct the public sale.

The Debtor asks an Order from the Court authorizing the sale of the
Property free and clear of any and all liens, encumbrances, claims,
rights, and other interests, including but not limited to the
following:  

     a. Any and all property taxes due and owing to any City,
County, or municipal corporation, including the Washington County
Tax Collector;

     b. Any and all liens of Wells Fargo Bank, N.A. based upon a
lien on a certificate of title;  

     c. Any and all liens of Caterpillar Financial Services
Corporation and First National Bank of Pennsylvania (formerly Bank
Capital Services LLC), based upon UCC financing statements filed
with the North Carolina Secretary of State; and   

     d. Any and all remaining interests, liens, encumbrances,
rights and claims asserted against the Property, which relate to or
arise as a result of a sale of the Property, or which may be
asserted against the buyer of the Property, including, but limited
to, those liens, encumbrances, interests, rights and claims,
whether fixed and liquidated or contingent and unliquidated, that
have or may be asserted against the Property or the buyer of the
Property by the North Carolina Department of Revenue, the Internal
Revenue Service, and any and all other taxing and government
authorities.   

The described liens will attach to the proceeds of sale, if any,
subject to the Orders of Distribution that may be entered by the
Court.  

Any of the Secured Creditors, including those whose claims and
interests are described, consistent with RadLAX, will be afforded
the right to credit bid at the Auction of the Property, up to the
extent of its lien or encumbrance on the specific item of Property
being sold by Country Boys.  The distribution of the proceeds of
sale of any unencumbered or under-encumbered personal property will
be subject to payment of all reasonable administrative costs.

Following the conclusion of the sale, the Debtor will file a report
of sale, which will set forth the distribution of the sales
proceeds based upon the results of the Auction.

A copy of the Exhibit A is available at
https://tinyurl.com/ybpdrfbq from PacerMonitor.com free of charge.

                   About M M & D Harvesting

M M & D Harvesting, Inc. is a North Carolina corporation, with its
principal place of business located in Plymouth, N.C.  It has been
in the logging and hauling business for over 20 years.

M M & D Harvesting filed a voluntary petition seeking relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.C. Case No.
20-00841) on Feb. 28, 2020, as a small business Subchapter V
debtor. In the petition signed by M M & D President Robert M.
Holcomb Sr., the Debtor disclosed $1,473,377 in assets and
$1,458,217 in liabilities.  Trawick H. Stubbs, Jr., Esq. at Stubbs
& Perdue, P.A., is the Debtor's legal counsel.


MAGNOLIA LANE: Seeks to Hire Kapila Mukamal as Accountant
---------------------------------------------------------
Magnolia Lane Condominium Association seeks permission from the
U.S. Bankruptcy Court for the Southern District of Florida to Barry
Mukamal, CPA and Kapila Mukamal, LLP, as its accountants.

Services to be rendered by the accountants  are:

     a) review financial and other pertinent information relative
to evaluation of proposed plan of reorganization;

     b) comment on the financial feasibility aspects of proposed
plan of reorganization;

     c) analyze the cash flows and profitability of the Debtor's
businesses operations including budgets;

     d) review the monthly operating reports required by the
Bankruptcy Court;

     e) prepare or review the financial budgets, projections,
project cost and profitability estimates;

     f) provide assistance in developing or reviewing plans of
reorganization or disclosure statements, including tax
ramifications; and

     g) attend to other bankruptcy related issues to facilitate a
Plan of Reorganization.

Mr. Mukamal has agreed to provide the services at an hourly rate
which will vary from $170 per hour to $650 per hour, depending on
the level and skill of the professional assigned to the matter.

Mr. Mukamal has requested a Retainer Deposit of $ 10,000. Debtor
seeks authorization to pay the Retainer Deposit.

Mr. Mukamal assures the court that he and his firm does not hold or
represent any interest adverse to the Estate, members of the firm
are disinterested persons within the meaning of Secs. 327(a) and
101 of the Bankruptcy Code.

The firm can be reached through:

     Barry Mukamal, CPA
     Kapila Mukamal, LLP
     1000 S Federal Hwy # 200
     Fort Lauderdale, FL 33316
     Phone: +1 954-761-1011

                  About Magnolia Lane Condominium Association

Based in Miami, Fla., Magnolia Lane Condominium Association, Inc.
filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 19-24437) on
Oct. 28, 2019.  In the petition signed by Mercedes Rodriguez, vice
president, the Debtor was estimated to have $100,000 to $500,000 in
assets and $1 million to $10 million in liabilities.  Judge Laurel
M. Isicoff oversees the case.  

The Debtor tapped John Paul Arcia, P.A. as bankruptcy counsel;
Florida Property Management Solutions, Inc. as property manager;
and Ana M. Costales-Abiseid, CPA and Preferred Accounting Services
as accountant.


MEN'S WEARHOUSE: Moody's Cuts CFR to Caa2, Outlook Negative
-----------------------------------------------------------
Moody's Investors Service downgraded The Men's Wearhouse, Inc.
ratings, including its corporate family rating to Caa2 from B3,
probability of default rating to Caa2-PD from B3-PD, secured term
loan rating to Caa2 from B3 and unsecured note rating to Ca from
Caa2. The company's speculative grade liquidity rating is unchanged
at SGL-3. The rating outlook is negative. Men's Wearhouse is a
subsidiary of Tailored Brands, Inc. The rating actions conclude
Moody's review for downgrade initiated on March 25, 2020.

The downgrades reflect Moody's view that Tailored Brands' operating
performance will significantly deteriorate in 2020 due to the
unprecedented disruptions caused by the coronavirus outbreak,
leading to an elevated risk of debt restructuring. While the
company has taken aggressive actions to cut costs and preserve
liquidity, Moody's expects that severe declines in revenue,
profitability and cash flow in 2020 will lead to an unsustainable
leverage level at a time when it needs to address 2022 debt
maturities. While Moody's expects performance to begin slowly
recovering in 2021, the company will likely remain challenged by
continued high unemployment, reduced discretionary consumer
spending and an accelerating trend towards casualization of
workwear.

Downgrades:

Issuer: Men's Wearhouse, Inc. (The)

Probability of Default Rating, Downgraded to Caa2-PD from B3-PD,
Previously on Review for Downgrade

Corporate Family Rating, Downgraded to Caa2 from B3, Previously on
Review for Downgrade

Senior Secured Bank Credit Facility, Downgraded to Caa2 (LGD4) from
B3 (LGD4), Previously on Review for Downgrade

Senior Unsecured Regular Bond/Debenture, Downgraded to Ca (LGD6)
from Caa2 (LGD5), Previously on Review for Downgrade

Outlook Actions:

Issuer: Men's Wearhouse, Inc. (The)

Outlook, Changed To Negative From Rating Under Review

RATINGS RATIONALE

The rapid 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 non-food retail and apparel
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 Tailored Brands' credit
profile, including its exposure to temporary store closures have
left it vulnerable to unprecedented operating disruption. 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 Tailored Brands of the
breadth and severity of the shock, and the broad deterioration in
credit quality it has triggered.

Tailored Brands' Caa2 CFR reflects its increased risk of debt
restructuring due to severe coronavirus related declines in
revenue, profitability and cash flow in 2020. This will likely lead
to an unsustainable leverage level, challenging the company's
ability to address its 2022 debt maturities in a timely and
economical manner. The rating also reflects the company's narrow
focus in the apparel industry, primarily selling suits and related
products. While men's work wear apparel generally has less fashion
risk than most segments of apparel retailing, the ongoing shift
towards more casual clothing worn in the workplace and increased
penetration of online shopping has created challenges that will
continue to pressure performance. The rating is supported by
meaningful scale in the men's apparel industry and diverse brand
portfolio that, while offering a similar product mix, focuses on
different customer demographics.

The SGL-3 rating reflects Moody's expectations that Tailored Brands
will have adequate liquidity over the next 12 months. The company
has taken significant actions to reduce costs and preserve cash;
however, cash flow will likely remain negative in 2020, resulting
in a weaker liquidity position into 2021. As of March 18, 2020, the
company had just under $400 million of balance sheet cash,
including $100 million of restricted cash related to the recent
sale of the Joseph Abboud trademarks. Excess availability under its
$550 ABL revolver is modest following the incremental $310 million
of March drawings that were completed to boost cash. While its term
loan has no financial maintenance covenants, the ABL is subject to
a springing fixed charge coverage test if availability drops below
certain levels. Given cash balances, Moody's expects the company to
maintain cushion so as to not trigger the covenant over the next 12
months.

The negative outlook reflects Moody's expectation for a severe
deterioration in credit metrics over the next twelve months due to
the unprecedented disruptions caused by the coronavirus, resulting
in unsustainable leverage levels and an increased risk of debt
restructuring.

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

The ratings could be downgraded if liquidity weakens, such as
through greater than expected cash burn or inability to refinance
its debt in an economic manner well ahead of obligations becoming
current. Any increase in its probability of default or
deterioration in recovery prospects could also result in a
downgrade.

The ratings could be upgraded if the Company improves its operating
performance and credit metrics, and maintains adequate liquidity
including improved free cash flow and extending its debt maturity
profile. Quantitative metrics include EBIT/Interest sustained above
1 time.

Men's Wearhouse, Inc. is a subsidiary of Tailored Brands, Inc.,
which operates around 1,450 stores in the U.S. and Canada, under
the Men's Wearhouse, Jos. A. Bank, Moores Clothing for Men and K&G
brands. Pro forma revenue for the year ended February 1, 2020
approached $2.9 billion

The principal methodology used in these ratings was Retail Industry
published in May 2018.


MOHAJER12 CORP: PNC Bank Objects to Disclosure Statement
--------------------------------------------------------
PNC Bank, N.A., a secured creditor, filed an objection to the
adequacy of the Disclosure Statement filed by debtor Mohajer12
Corp. dated March 23, 2020.

PNC Bank joins in any other objections and asserts that:

  * Since April 2019, with the exception of June 2019 in which
Debtor failed to make any payments to PNC Bank, it appears that PNC
Bank has only been receiving $5,000 per month from Debtor rather
than all remaining funds after the health insurance premium is
paid.

  * The Debtor fails to provide an accurate amount of payments made
to PNC Bank since Debtor filed the Chapter 11 petition.  The Debtor
states in the Disclosure Statement that as of March 2020, it has
paid PNC Bank approximately $114,000 since the Petition Date.  The
amount actually paid as of March 2020 was $98,200.

  * The Debtor fails to provide any facts regarding how much it
could reasonably expect to make operating the store located on the
Azalea Property based on Lessor's historical sales data or any
other reliable source of information.

  * The Debtor fails to explain how much of the claims filed by the
Mobile County Revenue Commission for outstanding ad valorem taxes
is due and owing to the Mobile County Revenue Commission.

  * The Debtor fails to explain how the majority of the creditors
will be paid as to the source of income, timing, or otherwise.
There are significant claims filed against the Debtor, and very few
assets.  The Debtor should provide an analysis showing how the
Debtor’s plan will actually be effectuated.

  * The Disclosure Statement does not include financial
projections, a liquidation analysis, or an estimate of
administrative fees.

A full-text copy of PNC Bank's objection to disclosure statement
dated May 12, 2020, is available at https://tinyurl.com/ybu9m2xm
from PacerMonitor at no charge.

Attorneys for PNC Bank:

          Heather A. Jamison
          Christine N. Burns
          BURR & FORMAN LLP
          420 North 20th Street, Suite 3400
          Birmingham, Alabama 35203
          Telephone: (205) 251-3000
          Facsimile: (205) 458-5100
          E-mail: hjamison@burr.com

          BURR & FORMAN LLP
          11 North Water Street, Suite 22200
          Mobile, Alabama 36602
          Telephone: (251) 344-5151
          Facsimile: (251) 344-9696
          E-mail: cburns@burr.com

                    About Mohajer12 Corp.

Mohajer12 Corp. filed for Chapter 11 bankruptcy (Bankr. S.D. Ala.
Case No. 18-02674) on July 3, 2018, estimating less than $1 million
both in assets and liabilities.  Barry A. Friedman, Esq., of
Friedman, Poole & Friedman, P.C., serves as the Debtor's counsel.
No official committee of unsecured creditors has been appointed in
the Chapter 11 case.


MURRAY METALLURGICAL: Bay Point Objects to Amended Disclosure
-------------------------------------------------------------
Bay Point Capital Partners II, LP, submitted a supplemental
objection to the Amended Disclosure Statement for Joint Chapter 11
Plan of Murray Metallurgical Coal Holdings, LLC and its debtor
affiliates:

   * In order to assess the prospects for receiving full payment of
claims, as well as the performance of other obligations under the
Amended Plan, Bay Point and other parties in interest should be
provided with meaningful information regarding future operating
plans at Oak Grove.

   * In their initial Disclosure Statement, the Debtors provided no
information regarding the terms of the notes being given to the DIP
Lenders and the Prepetition Term Loan Lenders.  The Amended
Disclosure Statement provides some limited information, but the
disclosure clearly is inadequate.

   * Bay Point and other parties in interest cannot evaluate the
feasibility of the Amended Plan without financial projections
addressing Hatfield's ability to continue operating as a going
concern and service its debt obligations under the Plan.

   * The Debtors continue to refuse to provide any information
regarding the maintenance costs and expenses which they claim
(incorrectly) form the basis of a right to surcharge Bay Point's
interest in the Longwall Shields pursuant to Section 506(c) of the
Bankruptcy Code.

   * Information now provided in the Amended Disclosure Statement
regarding the treatment of the First Lien, Second Lien and Third
Lien Notes demonstrates that the Amended Plan is not confirmable
under section 1129(b) of the Bankruptcy Code because it
discriminates unfairly with respect to the Bay Point Secured
Claim.

A full-text copy of Bay Point's objection dated May 12, 2020, is
available at https://tinyurl.com/yajs9c4e from PacerMonitor at no
charge.

Counsel to Bay Point Capital:

         Alan R. Lepene
         John C. Allerding
         THOMPSON HINE LLP
         3900 Key Center
         127 Public Square
         Cleveland, Ohio 44114-1291
         Telephone: 216.566.5500
         Facsimile: 216.566.5800
         E-mail: Alan.Lepene@ThompsonHine.com
                 John.Allerding@ThompsonHine.com

               About Murray Metallurgical Coal

Murray Metallurgical Coal Holdings and its subsidiaries are engaged
in the mining and production of metallurgical coal.  Unlike thermal
coal, which is primarily used by the electric utility industry to
generate electricity, metallurgical coal is used to produce cok,
which is an integral component of steel production. Murray Met
primarily owns and operates two active coal mining complexes and
other assets in Alabama and West Virginia.

On Feb. 11, 2020, Murray Metallurgical Coal Holdings, LLC and five
affiliates each filed a voluntary Chapter 11 petition (Bankr. S.D.
Ohio Lead Case No. 20-10390).  Murray Metallurgical was estimated
to have $100 million to $500 million in assets and liabilities as
of the bankruptcy filing.
  
Judge John E. Hoffman, Jr., oversees the cases.

The Debtors tapped Proskauer Rose LLP as legal counsel; Evercore
Group LLC as investment banker; and Alvarez & Marsal LLC as
financial advisor. Prime Clerk LLC, is the claims agent.


MURRAY METALLURGICAL: Unsecureds Won't Get Anything in Amended Plan
-------------------------------------------------------------------
Murray Metallurgical Coal Holdings, LLC, and its affiliates filed
the Amended Disclosure Statement for their Joint Chapter 11 Plan
dated May 12, 2020.

As initially proposed, the Plan provided for a Pro Rata
distribution, if any, from the Distributable Consideration to the
Holders of Allowed General Unsecured Claims, however, as the
Debtors have determined there will be no Distributable
Consideration (and that term has been removed from the Plan),
Holders of Allowed General Unsecured Claims will not receive any
distribution on account of such Claims.

The Debtors consummated the sale of Maple Eagle to Panther Creek.
Panther Creek served as a stalking horse bidder for the Maple Eagle
assets.  No other qualified bidder presented a bid, and the Board
of Managers determined to cancel the auction and declare Panther
Creek the winning bidder.  An order approving the sale to Panther
Creek was subsequently entered by the Court and the transaction
closed on April 24, 2020.

The Bid Deadline was established as April 24, 2020.  Prior to the
Bid Deadline, the Debtors received a competing bid from an entity
known as OGM Acquisition LLC, an affiliate of Sev.en Energy AG.
The bid from Sev.en Energy provided for consideration of (i) $20
million of upfront cash, (ii) an unsecured promissory note for up
to $50 million, and (iii) the assumption of certain cure amounts
pertaining to assumed contracts. On May 5, 2020, the Debtors
conducted the Auction. At the Auction, it was announced that, in
addition to NewCo, OGM Acquisition submitted a qualified bid, and
was therefore, a qualified bidder in accordance with the auction
procedures. It was further announced that NewCo’s Stalking Horse
Bid was the highest and otherwise best bid the Debtors received for
the Oak Grove Assets.

In addition, the Debtors secured commitments from MC Southwork to
fund specific exit costs up to an additional $8.0 million, which
will be accomplished by means of a New First Lien Facility.

Immediately after the commencement of these chapter 11 cases, the
Debtors began to restart operations at the Oak Grove mining
facility. The Debtors understand that NewCo, as purchaser of the
Oak Grove facility, intends to continue mining operations at Oak
Grove without interruption, through and after the sale transaction.
Mining activity through the end of 2020 and first half of 2021 will
be conducted in the East section at Panels 19E and 20E. Subject to
an appropriate confidentiality agreement, the Debtors have agreed
to provide the business plan of the Winning Bidder to Bay Point on
or before May 25, 2020, given that Bay Point will receive
consideration in the form of the New Bay Point Secured Note
pursuant to the Plan.

The aggregate original principal amount of New First Lien Facility
Loans shall be equal to the aggregate amount of cash that NewCo is
required to pay to the applicable Debtors in connection with the
Sale Transaction pursuant to the Stalking Horse APA; provided that
the aggregate original principal amount of New First Lien Facility
Loans shall be in an amount up to $8 million, which amount may be
increased by subsequent amendment to provide additional liquidity
to NewCo, and which is exclusive of any New Secured Designated Coal
Contract Obligations.

A full-text copy of the Amended Disclosure Statement dated May 12,
2020, is available at https://tinyurl.com/ya2p6rga from
PacerMonitor at no charge.

The Debtors are represented by:

        David M. Hillman
        Timothy Q. Karcher
        Chris Theodoridis
        PROSKAUER ROSE LLP
        Eleven Times Square
        New York, New York 10036
        Telephone: (212) 969-3000
        Facsimile: (212) 969-2900
        E-mail: dhillman@proskauer.com
                dhillman@proskauer.com
                tkarcher@proskauer.com
                ctheodoridis@proskauer.com

                 - and -

        Thomas R. Allen
        Richard K. Stovall
        Allen Stovall Neuman Fisher & Ashton LLP
        17 South High Street, Suite 1220
        Columbus, Ohio 43215
        Telephone: (614) 221-8500
        Facsimile: (614) 221-5988
        E-mail: allen@asnfa.com
                stovall@asnfa.com

                 - and -

        Charles A. Dale
        PROSKAUER ROSE LLP
        One International Place
        Boston, Maryland 02110
        Telephone: (617) 526-9600
        Facsimile: (617) 526-9899
        E-mail: cdale@proskauer.com

               About Murray Metallurgical Coal

Murray Metallurgical Coal Holdings and its subsidiaries are engaged
in the mining and production of metallurgical coal.  Unlike thermal
coal, which is primarily used by the electric utility industry to
generate electricity, metallurgical coal is used to produce cok,
which is an integral component of steel production. Murray Met
primarily owns and operates two active coal mining complexes and
other assets in Alabama and West Virginia.

On Feb. 11, 2020, Murray Metallurgical Coal Holdings, LLC and five
affiliates each filed a voluntary Chapter 11 petition (Bankr. S.D.
Ohio Lead Case No. 20-10390). Murray Metallurgical was estimated to
have $100 million to $500 million in assets and liabilities as of
the bankruptcy filing.
  
Judge John E. Hoffman, Jr., oversees the cases.

The Debtors tapped Proskauer Rose LLP as legal counsel; Evercore
Group LLC as investment banker; and Alvarez & Marsal LLC as
financial advisor. Prime Clerk LLC, is the claims agent.


NEW HOPE: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: New Hope Hardware LLC
           d/b/a Paulding Building Supply
        8122 Dallas Acworth Hwy.
        Dallas, GA 30132

Business Description: New Hope Hardware LLC is a family owned and
                      operated lumber and hardware supplier.

Chapter 11 Petition Date: June 1, 2020

Court: United States Bankruptcy Court
       Northern District of Georgia

Case No.: 20-40999

Debtor's Counsel: Todd E. Hennings, Esq.
                  MACEY, WILENSKY & HENNINGS, LLP
                  5500 Interstate North Parkway
                  Suite 435
                  Atlanta, GA 30328
                  Tel: (404) 584-1222
                  Email: thennings@maceywilensky.com

Total Assets: $558,442

Total Liabilities: $3,309,939

The petition was signed by William D. Osteen Jr., manager.

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/c1oP9B


NEW SCHOOL OF COOKING: Needs More Time to Formulate Exit Plan
-------------------------------------------------------------
The New School of Cooking, Inc. asked the U.S. Bankruptcy Court for
the Central District of California to extend the period during
which only the school can propose a Chapter 11 plan of
reorganization and solicit votes from creditors to Sept. 11 and
Nov. 10, respectively.

The Covid-19 pandemic and resulting mandatory shelter in place
ordinances have obliterated the school's income and resulted in
closure of its operations. Given the uncertainty of Covid-19, how
long the pandemic will last, and the severe impact the pandemic has
already had on its business operations, the school requires
additional time in the hope that it will eventually reopen its
business, modify its operations if necessary, and be in a position
to propose a plan.

In addition, the school recently determined that it will formulate
and propose a plan of reorganization rather than pursuing a Section
363 sale of its assets.

                 About The New School of Cooking

The New School of Cooking, Inc. is a culinary school that teaches
contemporary cooking and baking techniques.  For more information,
visit https://www.newschoolofcookingla.com/
                      
The New School of Cooking filed a voluntary petition under Chapter
11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 20-10484) on
Jan. 15, 2020.  In the petition signed by CEO Eric P. Ashenberg,
Debtor was estimated to have $100,000 to $500,000 in assets and $1
million to $10 million in liabilities.

Debtor hired Weintraub & Selth, APC as its bankruptcy counsel, and
Bent Caryl & Kroll, LLP as its special litigation counsel.
Maverick Consulting provides Debtor with financial and turnaround
consulting services.


NEWSTREAM HOTEL: Seeks to Hire Pronske & Kathman as Legal Counsel
-----------------------------------------------------------------
Newstream Hotel Partners–IAH, LLC, seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Texas to hire Pronske
& Kathman, P.C. as its legal counsel in connection with its Chapter
11 case.

The firm's services will include legal advice concerning Debtor's
powers and duties under the Bankruptcy Code and the preparation of
a Chapter 11 plan of reorganization.

The hourly rates charged by the firm's attorneys range from $300 to
$600.  Legal assistants charge $150 per hour.

Jason Kathman, Esq., the firm's attorney who will be handling the
case, will be paid an hourly fee of $415.

Pronske & Kathman received a retainer in the amount of $75,000.

Mr. Kathman disclosed in court filings that the firm and its
attorneys are "disinterested" within the meaning of Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Jason P. Kathman, Esq.
     Megan F. Clontz, Esq.
     Pronske & Kathman, P.C.
     2701 Dallas Parkway, Suite 590
     Plano, Texas 75093
     Telephone: (214) 658-6500
     Telecopier: (214) 658-6509
     Email: jkathman@pronskepc.com
            mclontz@pronskepc.com

                About Newstream Hotel Partners–IAH

Newstream Hotel Partner-IAH, LLC, is a single asset real estate (as
defined in 11 U.S.C. Section 101(51B)).

Newstream Hotel Partner-IAH sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Texas Case No. 20-41064) on April
28, 2020.  At the time of the filing, the Debtor was estimated to
have assets of between $1 million and $10 million and liabilities
of the same range.  Judge Brenda T. Rhoades oversees the case.
Pronske & Kathman, P.C., is the Debtor's legal counsel.


NEWSTREAM HOTEL: Seeks to Hire Scheef & Stone as Special Counsel
----------------------------------------------------------------
Newstream Hotel Partners–IAH, LLC, seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Texas to hire Scheef &
Stone, L.L.P. as special counsel.

The firm will represent Debtor in these pending case:

     a. Newstream Hotel Partners-IAH, LLC v. UC Red Lion Houston
Holder, LLC As Successor In Interest to UC Funding, LLC, No.
14-19-01022-CV, pending in the Fourteenth Court of Appeals,
Houston, Texas.

     b. UC Red Lion Houston Holder, LLC v. Newstream Hotel
Partners—IAH, LLC, et al., Cause No. 2020-15971, pending in the
269th District Court, Harris County, Texas.  This case was removed
from the state court on May 4, 2020 as UC Red Lion Houston Holder,
LLC v. Newstream Hotel Partners—IAH, LLC, et al., Adversary No.
20-03119, pending in the United States Bankruptcy Court for the
Southern District of Texas.  Debtor intends to seek a transfer of
the case to the bankruptcy court.

     c. Newstream Hotel Partners-IAH, LLC v. UC Red Lion Houston
Holder, LLC As Successor In Interest to UC Funding, LLC, No.
2084-CV-00042, pending in the Superior Court, Suffolk County,
Massachusetts.

     d. Aldine Independent School District v. Newstream Hotel
Partners-IAH, LLC, Cause No. 2020-14323, pending in the 152
District Court, Harris County, Texas.

     e. Newstream Hotel Partners-IAH, LLC v. HMC Hospitality
Operating Company, Cause No. 380-05791-2019, pending in the 380th
District Court, Collin County, Texas.

The firm's hourly rates are as follows:

     Partners       $325 - $450
     Members        $315 - $350
     Associates     $225 - $275

Byron Henry, Esq., the firm's attorney who will be primarily
responsible for providing the services, charges an hourly fee of
$425.  

Scheef & Stone neither holds nor represents any interest adverse to
Debtor's bankruptcy estate, according to court filings.

Scheef & Stone can be reached through:

     Byron Henry, Esq., Esq.
     Scheef & Stone, L.L.P.
     2600 Network Blvd., Suite 400
     Frisco, Texas 75034
     Phone: (214) 472-2116/(214) 472-2100
     Fax: (214) 472-2140
     Email: byron.henry@solidcounsel.com

                About Newstream Hotel Partners–IAH

Newstream Hotel Partner-IAH, LLC, is a single asset real estate (as
defined in 11 U.S.C. Section 101(51B)).

Newstream Hotel Partner-IAH sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Tex. Case No. 20-41064) on April
28, 2020.  At the time of the filing, the Debtor was estimated to
have assets of between $1 million and $10 million and liabilities
of the same range.  Judge Brenda T. Rhoades oversees the case.
Pronske & Kathman, P.C., is the Debtor's legal counsel.


NOVABAY PHARMACEUTICALS: All 3 Proposals Approved at Annual Meeting
-------------------------------------------------------------------
NovaBay Pharmaceuticals, Inc., held its 2020 Annual Meeting on May
26, 2020, at which the Company's stockholders:

   (a) elected Mijia (Bob) Wu and Yenyou (Jeff) Zheng as
       directors to hold office for a term of three years and
       until their respective successors are elected and
       qualified;

   (b) approved an amendment to the Amended and Restated
       Certificate of Incorporation, as amended, of NovaBay
       Pharmaceuticals, Inc. to increase the Company's number of
       authorized shares of NovaBay common stock from 50,000,000
       to 75,000,000; and

   (c) ratified the appointment by the Company's Audit Committee
       of OUM & Co. LLP as the Company's independent registered
       public accounting firm for the fiscal year ending Dec. 31,
       2020.

                        About Novabay

Headquartered 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 March 31, 2020, the Company had $9.48 million in total
assets, $9.82 million in total liabilities, and a total
stockholders' deficit of $349,000.

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.


OPTION CARE: Stockholders Elect 10 Directors
--------------------------------------------
Option Care Health, Inc., held its 2020 Annual Meeting of
Stockholders on May 22, 2020, at which the stockholders:

   (1) elected John J. Arlotta, Elizabeth Q. Betten, David W.
       Golding, Harry M. Jansen Kraemer, Jr., Alan Nielsen,
       Carter R. Pate, John C. Rademacher, Nitin Sahney,
       Timothy Sullivan, and Mark Vainisi as directors
       for a term expiring at the next annual meeting of
       stockholders of the Company or until their successors are
       elected and qualified;

   (2) ratified the selection of KPMG LLP as the Company's
       independent registered public accounting firm for the year
       ending Dec. 31, 2020; and

   (3) approved, on a non-binding advisory basis, the
       compensation of the company's executive officers.

                  About Option Care Health

Option Care Health is an independent provider of home and alternate
site infusion services.  With over 5,000 teammates, including
approximately 2,900 clinicians, the Company works to elevate
standards of care for patients with acute and chronic conditions in
all 50 states.  Through its clinical leadership, expertise and
national scale, Option Care Health is reimagining the infusion care
experience for patients, customers and employees.

Option Care recorded a net loss of $75.92 million for the year
ended Dec. 31, 2019, compared to a net loss of $6.11 million for
the year ended Dec. 31, 2018.  For the three months ended March 31,
2020, the Company recorded a net loss of $19.91 million.


OUTDOOR BY DESIGN: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Outdoor By Design LLC
        7839 Fruitville Road
        Sarasota, FL 34240

Business Description: Outdoor By Design LLC is a manufacturer of
                      outdoor furnishings.

Chapter 11 Petition Date: June 1, 2020

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 20-04253

Debtor's Counsel: Benjamin G. Martin, Esq.
                  LAW OFFICES OF BENJAMIN MARTIN
                  1620 Main Street, Ste. 1
                  Sarasota, FL 34236
                  Tel: (941) 951-6166

Total Assets: $3,090,093

Total Liabilities: $10,543,170

The petition was signed by Jerry Camp, president.

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/psKKXl


OUTLOOK THERAPEUTICS: To Raise $16M Through Private Placement
-------------------------------------------------------------
Outlook Therapeutics, Inc., has entered into a Stock Purchase
Agreement with Syntone Ventures LLC for a private placement of
$16.0 million of common stock at a price of $1.00 per share.  In
addition, Outlook Therapeutics entered into a joint venture
agreement with Syntone Technologies Group Co. Ltd. to form a PRC
joint venture to develop and commercialize ONS-5010 / LYTENAVA
(bevacizumab-vikg) in China pursuant to a license agreement to be
entered into between Outlook Therapeutics and the joint venture.
Outlook Therapeutics will use $0.9 million of the private placement
proceeds to fund its initial capital contribution to the PRC joint
venture.

"We are pleased to enter into this strategic opportunity to further
advance the development of ONS-5010.  This partnership provides
many advantages, including the ability to leverage Syntone's
presence in, and knowledge of, the Chinese market," commented
Lawrence A. Kenyon, president, CEO and CFO of the Company.  "While
our primary focus for the development and commercialization of
ONS-5010 remains on the seven major global markets, we saw this as
an opportunity to bring capital into the Company at a premium with
a motivated strategic investor, and to enhance the potential
commercialization of ONS-5010 in an additional market with unique
characteristics."

"Syntone's businesses to date have focused on creating energy
production and critical living materials for society," added
Syntone's Chairman Zheng Zongmei.  "Because health problems are
also a common issue for humanity, Syntone has been looking for
opportunities to put our ideals into action in healthcare and we
believe Outlook Therapeutics is the ideal partner.  We want to help
Outlook Therapeutics bring LYTENAVA to those in need, not only in
previously targeted markets, but also in China."

The closing of the sale of the shares is expected to occur on or
about June 1, 2020, subject to the satisfaction of customary
closing conditions.  Outlook Therapeutics intends to use the net
proceeds from the financing for working capital and general
corporate purposes, including in support of its ONS-5010
development program, with approximately $0.9 million of the
proceeds being used to fund its initial capital contribution to the
planned PRC joint venture.  An additional capital contribution from
Outlook Therapeutics of approximately $2.1 million will be required
within the next 4 years.  The planned PRC joint venture will be 80%
owned by Syntone and 20% owned by Outlook Therapeutics and is
intended to focus on the development and commercialization of
ONS-5010 in the greater China market, which includes Hong Kong,
Taiwan and Macau.  Outlook Therapeutics has agreed to enter into a
license agreement providing for the license to the PRC joint
venture of rights to ONS-5010 in greater China.

The securities in the private placement are being offered in a
private placement under Section 4(a)(2) of the Securities Act of
1933, as amended and/or Regulation D promulgated thereunder, and
such securities have not been registered under the Act or
applicable state securities laws.  Accordingly, such securities may
not be offered or sold in the United States except pursuant to an
effective registration statement or an applicable exemption from
the registration requirements of the Act and such applicable state
securities laws.

                  About Outlook Therapeutics

Outlook Therapeutics, Inc., formerly known as Oncobiologics, Inc.
-- http://www.outlooktherapeutics.com/-- is a late clinical-stage
biopharmaceutical company working to develop the first FDA-approved
ophthalmic formulation of bevacizumab for use in retinal
indications, including wet AMD, DME and BRVO.  If ONS-5010, its
investigational ophthalmic formulation of bevacizumab, is approved,
Outlook Therapeutics expects to commercialize it as the first and
only on-label approved ophthalmic formulation of bevacizumab for
use in treating retinal diseases in the United States, Europe,
Japan and other markets.

Outlook Therapeutics reported a net loss attributable to common
stockholders of $36.04 million for the year ended Sept. 30, 2019,
compared to a net loss attributable to common stockholders of
$48.02 million for the year ended Sept. 30, 2018.  As of March 31,
2020, the Company had $13.17 million in total assets, $33.69
million in total liabilities, and a total stockholders' deficit of
$20.52 million.

KPMG LLP, in Philadelphia, Pennsylvania, the Company's auditor
since 2015, issued a "going concern" qualification in its report
dated Dec. 19, 2019, on the consolidated financial statements for
the year ended Sept. 30, 2019, citing that the Company has incurred
recurring losses and negative cash flows from operations and has a
stockholders' deficit of $16.1 million, $6.7 million of convertible
senior secured notes that become due on Dec. 22, 2019, $3.6 million
of unsecured indebtedness due on demand and $1.0 million of
unsecured indebtedness also due on demand, but subject to a
forbearance agreement through March 2020, that raise substantial
doubt about its ability to continue as a going concern.


PARKING MANAGEMENT: Magruder Cook Represents Landlords
------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firm of Magruder Cook Koutsouftikis & Palanzi submitted a
verified statement that it is representing the Landlords in the
Chapter 11 cases of Parking Management, Inc.

The name and addresses of the Landlords represented by the Firm
are:

     a. 1150 18th SPE L.L.C.
        c/o Rockrose
        15 East 26th Street, 7th Floor
        New York, NY 10010

     b. 2001 K L.L.C.
        c/o Rockrose
        15 East 26th Street, 7th Floor
        New York, NY 10010

     c. 2000 L Owner L.L.C.
        c/o Rockrose
        15 East 26th Street, 7th Floor
        New York, NY 10010

     d. EPIC 919 LLC
        c/o Crown Properties, Inc.
        15 Watts Street, 5th Floor
        New York, NY 10013

     e. Metro K LLC
        c/o Colliers International
        1110 North Glebe Road, Suite 610
        Arlington, VA 22201

The nature and amount of claims (interests) of the Landlords as of
the date of this Verified Statement are as follow: The
aforementioned Landlords have pre-petition claims against the
Debtors in addition to claims for post-petition rents. As of the
date of this Verified Statement, the amount owed to 1150 18th SPE
L.L.C. is unknown at this time, 2001 K L.L.C. is owed $87,905.03
for unpaid rent and additional rent in accordance with its written
lease agreement with Debtor, 2000 L Owner L.L.C. is owed
$33,410.22 for unpaid rent and additional rent in accordance with
its written lease agreement with Debtor, EPIC 919 LLC is owed
$48,262.10 for unpaid rent and additional rent in accordance with
its written lease agreement with Debtor, and Metro K LLC is owed
$42,775.90 for unpaid rent and additional rent in accordance with
its written lease agreement with Debtor.

The Firm was retained to represent the above-referenced Landlords
in early May 2020. The circumstances and terms and conditions of
representation by the Firm on behalf of the Landlords is protected
by attorney-client privilege and/or the attorney work-product
doctrine.

The Firm can be reached at:

          MAGRUDER COOK KOUTSOUFTIKIS & PALANZI
          Leon Koutsouftikis, Esq.
          1889 Preston White Drive, Suite 200
          Reston, VA 20191
          Tel: (571) 313-1503
          Fax: (571) 313-8967
          Email: lkouts@magruderpc.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/Ae0VFF

                    About Parking Management

Parking Management, Inc. -- https://www.pmi-parking.com/ -- is a
parking operator in Washington, DC.  It operates 88 leased or
managed properties throughout the Washington, DC and Baltimore
metropolitan areas, specializing in complex mixed-use properties
and has experience in all levels of commercial and residential
parking operations.

Parking Management sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Md. Case No. 20-15026) on May 7, 2020.
At the time of the filing, the Debtor disclosed assets of between
$1 million and $10 million and liabilities of the same range.
Judge Thomas J. Catliota oversees the case.  The Debtor is
represented by Shulman, Rogers, Gandal, Pordy & Ecker, P.A.


PC 12 INC: June 11 Plan Confirmation Hearing Set
------------------------------------------------
On Feb. 27, 2020, debtor PC 12, Inc., filed with the U.S.
Bankruptcy Court for the District of Kansas a Disclosure Statement
and Plan.  Judge Robert E. Nugent approved the Disclosure Statement
and established these dates and deadlines:

  * June 11, 2020, at 10:30 a.m. at the United States Courthouse,
401 North Market, Room 150, Wichita Kansas is the evidentiary
hearing to consider confirmation of the Chapter 11 Plan.

  * June 9, 2020, is fixed as the last day to file objections to
the Chapter 11 Plan.

  * June 9, 2020, is fixed as the last day for receipt and
acceptances or rejections of the Chapter 11 Plan.  

A copy of the order dated May 12, 2020, is available at
https://tinyurl.com/ydd24aca from PacerMonitor at no charge.

                       About PC 12 Inc.

PC 12, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Kan. Case No. 19-12086) on Oct. 29, 2019.  At the
time of the filing, the Debtor was estimated to have assets of
between $100,001 and $500,000 and liabilities of the same range.
The Debtor is represented by William H. Zimmerman, Jr., Esq., at
Eron Law, P.A.


PINNACLE REGIONAL: Trustee Taps Arnett Carbis as Accountant
-----------------------------------------------------------
James Overcash, the trustee appointed in Pinnacle Regional
Hospital, Inc.'s Chapter 11 case, seeks approval from the U.S.
Bankruptcy Court for the District of Kansas to hire Arnett Carbis
Toothman LLP as his accountant.

The firm will provide these services:

     a. obtain a listing of the patient accounts receivable as of
April 30, 2020;   

     b. obtain the valuation methodology and calculation prepared
by management to value the accounts receivable as of April 30,
2020;   

     c. reconcile the listing of patient accounts receivable and
the valuation of such receivables to the financial statements
prepared by management as of April 30, 2020;
  
     d. obtain historical account level collection and adjustment
information;

     e. prepare an estimate of the current value of the patient
accounts receivable as of April 30, 2020;
  
     f. consider a reasonable adjustment to the net patient
accounts receivable value resulting from Debtors currently not
being operational.

     g. participation in necessary meetings with the bankruptcy
trustee as requested.

The firm's hourly rates are as follows:

     Partner                 $340
     Senior Manager       $245 - $295
     Manager              $185 - $225
     Supervisor           $150 - $180
     Senior Associate     $125 - $145
     Associate            $100 - $140
     Support                  $84

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

The firm can be reached through:

     James Raley, CPA
     Arnett Carbis Toothman, LLP
     2599 Wilmington Road
     New Castle, PA 16105
     Phone: (724) 658-1565
     Fax: (724) 658-2402
     Toll Free: (800) 452-3003
     Email: james.raley@actcpas.com

                 About Pinnacle Regional Hospital

Pinnacle Regional Hospital, Inc. -- http://pinnacleregional.com/--
is an operator of general acute-care hospitals in Overland Park,
Kansas.

Pinnacle Regional Hospital and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Kansas Lead Case
No. 20-20219) on Feb. 12, 2020.  The affiliates are Pinnacle
Regional Hospital LLC, Pinnacle Healthcare System Inc., Blue Valley
Surgical Associates, Rojana Realty Investments Inc. and Joys'
Majestic Paradise, Inc.

At the time of the filing, Pinnacle Regional Hospital was estimated
to have assets of between $10 million and $50 million and
liabilities of the same range.  

McDowell, Rice, Smith & Buchanan, PC, is the Debtors' legal
counsel.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on March 31, 2020.  The Committee is represented by
Kilpatrick Townsend & Stockton, LLC.

On March 31, 2020, James A. Overcash, Esq., at Woods Aitken LLP,
was appointed as Chapter 11 trustee.  The Trustee is represented by
Stinson LLP and Woods Aitken LLP.


POET TECHNOLOGIES: Posts $3.5 Million Net Loss in First Quarter
---------------------------------------------------------------
POET Technologies Inc. reported a net loss of US$3.47 million for
the three months ended March 31, 2020, compared to a net loss of
US$2.68 million for the three months ended March 31, 2019.

As of March 31, 2020, the Company had US$21.21 million in total
assets, US$4.36 million in total liabilities, and US$16.85 million
in shareholders' equity.

"Building on the accomplishments we've made over the past year, we
continue to execute on our product development milestones in 2020,"
commented Dr. Suresh Venkatesan, chairman & CEO.  "The sale of our
DenseLight subsidiary in late 2019 provided us the ability to focus
entirely on the POET Optical Interposer platform.  We successfully
completed a series of milestones proving the fundamental concepts
and viability of the Optical Interposer platform and are now well
into the design of optical engines for data center transceivers.
This accomplishment served to validate our long-standing vision for
POET's technology and we continue to engage closely with
prospective customers on product design, development and deployment
programs."

"Complementing this key milestone, we've recruited and added to the
POET team a number of accomplished individuals with proven
expertise in photonics technology, products and applications.
Additionally, we are actively evaluating POET's Optical Interposer
platform technology with potential partners for markets beyond data
center transceivers, such as high-speed computing for artificial
intelligence applications and co-packaging of optics with
next-generation switching devices."

The loss in the first quarter of 2020 includes R&D of $1.4 million
compared to $0.2 million in the first quarter of 2019 and $0.8
million in the fourth quarter of 2019.  The increase is a result of
a redistribution of R&D activities and costs that were typically
accounted for by DenseLight when the organization operated as a
single entity.  These costs are now accounted for solely by POET.
Non-cash expenses in the first quarter of 2020 included stock-based
compensation of $0.8 million and depreciation and amortization of
$0.2 million.  Non-cash stock-based compensation and depreciation
and amortization were $0.7 million and $48,000 in the first quarter
of 2019 and $0.6 million and $0.1 million respectively in the
fourth quarter of 2019.  Non-cash stock-based compensation included
in discontinued operations in the first quarter of 2019 was $0.1
million.  The Company had a recovery of stock-based compensation of
($0.3) million in the fourth quarter of 2019 from discontinued
operations due to closing the sale of DenseLight during the
quarter.  Depreciation and amortization is not recognized for
discontinued operations.

During the first quarter of 2020, the Company had debt related
finance costs of $217,000 compared to nil in the first quarter of
2019 and $448,000 in the fourth quarter of 2019.  Of the finance
costs recognized in the first quarter of 2020, $108,000 was
non-cash compared to nil in the first quarter of 2019 and $254,000
in the fourth quarter of 2019.  There were no debt-related finance
costs in the first quarter 2019 because the Company did not incur
debt prior to the second quarter of 2019.

On a non-IFRS basis, cash flow from operations in first quarter of
2020 was ($2.0) million compared to ($3.7) million in the prior
quarter and ($1.5) million in the first quarter of 2019.  During
the first quarter of 2020, holders of certain convertible
debentures converted $294,000 worth of debentures into 985,000
units of the Company.  There were no conversions of debentures in
prior periods.

A full-text copy of the Form 6-K as filed with the Securities and
Exchange Commission is available for free at the SEC's website at:

                        https://is.gd/pinm4t

                       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.

POET Technologies 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.  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.


PRINTEX INC: Has Until June 26 to File Plan & Disclosures
---------------------------------------------------------
Judge Charles E. Rendlen, III, has entered an order during which
Debtor Printex, Inc. may file its Chapter 11 Plan and Disclosure
Statement for MidAmerica Pick & Pack Inc., a debtor affiliate of
Printex, is extended until June 26, 2020.

A copy of the order dated May 12, 2020, is available at
https://tinyurl.com/y7m8x43k from PacerMonitor at no charge.

The Debtors are represented by:

         Fredrich J. Cruse
         P.O. Box 914
         Hannibal, MO 63459

                     About Printex Inc.

Printex Inc. and its affiliates, Medford Randal Park and Midamerica
Pick & Pack Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mo. Case Nos. 19-20132 to 19-20134) on
May 31, 2019.  The cases were jointly administered under Lead Case
Case No. 19- 20132.

At the time of the filing, Printex was estimated to have assets of
between $1 million to $10 million and liabilities of the same
range.  Meanwhile, Midamerica Pick was estimated to have assets of
less than $50,000 and liabilities of between $1 million and $10
million.

Cruse.Chaney-Faughn, PC, is the Debtors' their legal counsel.


PROGISTIC CARRIERS: Plan & Disclosure Hearing Reset to June 17
--------------------------------------------------------------
Judge Eduardo V. Rodriguez entered an order that the final hearing
on approval of the Disclosure Statement and confirmation of the
Chapter 11 Plan of Reorganization filed by debtor Progistic
Carriers, LLC, are rescheduled from May 20, 2020, at 10:00 a.m. to
June 17, 2020, at 9:00 a.m. in the United States Bankruptcy Court,
10th Floor, 1701 W. Business Hwy 83, McAllen, Texas 78501.

Objections to Disclosure and Plan are due no later than 5:00 p.m.
June 10, 2020.

A copy of the order dated May 14, 2020, is available at
https://tinyurl.com/y8szyuud from PacerMonitor at no charge.

                   About Progistic Carriers

Progistic Carriers is a privately held company in the general
freight trucking business.  Progistic Carriers filed a voluntary
petition for relief under Chapter 11 of Title 11 of the United
States Code (Bankr. S.D. Tex. Case No. 19-70327) on Aug. 16, 2019.
In the petition signed by Benjamin Cavazos, member, the Debtor
disclosed $3,322,681 in assets and $7,302,264 in liabilities.  The
case is assigned to Judge Eduardo V Rodriguez.  Jana Smith
Whitworth, Esq. at JS Whitworth Law Firm, PLLC, is the Debtor's
counsel.


PROPULSION ACQUISITION: S&P Lowers ICR to CCC+; Outlook Negative
----------------------------------------------------------------
S&P Global Ratings lowered the issuer credit rating on Propulsion
Acquisition LLC (Belcan) to 'CCC+' from 'B-'. At the same time, S&P
lowered the rating on the company's term loan to 'CCC+' from 'B-'.
The '4' recovery rating is unchanged.

Disruptions to credit markets and weakness in the commercial
aerospace market caused by the coronavirus pandemic may make it
difficult for Belcan to refinance or extend the maturity of its
term loan. The loan has about $500 million outstanding and matures
in July 2021. The company's ability to refinance or extend the
maturity could be hindered by unpredictable credit markets due to
the coronavirus pandemic, its impact on the global economy, and
uncertainty as to the recovery. Belcan has about $79 million of
cash on hand after recent revolver borrowings, and S&P expects the
company to generate a modest amount of positive free cash flow in
2020. However, the company will not have enough cash to cover the
July 2021 maturity. S&P also believes the company is at risk of
violating its net leverage covenant, which decreases to 5x for the
quarter ending Dec. 31, 2020.

S&P expects credit metrics to weaken due to customer production
shutdowns and efforts to reduce costs. Belcan is an engineering and
recruiting service provider to commercial aerospace, defense,
automotive, and other customers. S&P expects that because of
production shutdowns and customer efforts to reduce costs, Belcan's
revenue, earnings, and free cash flow will be weaker in 2020. It
expects the company's business with defense and government
customers should be unaffected, but that commercial work will
likely be down significantly. S&P also expects automotive and other
transportation will be affected. This will likely result in a
material deterioration in credit metrics, with debt to EBITDA of
above 9x in 2020, versus 8x in 2019. The rating agency expects some
recovery in 2021 as demand partially returns, resulting in debt to
EBITDA declining to 7.1x-7.5x.

Environmental, social, and governance (ESG) credit factors for this
credit rating change:

-- Health and safety

The negative outlook on Belcan reflects the uncertainty around the
company's ability to refinance or extend the maturity on its term
loan, which is due July 2021, because of the market volatility
driven by the pandemic. It also reflects that the company's credit
metrics could weaken further as a result of lower demand. S&P
expects debt to EBITDA to weaken to above 9x in 2020, but to
recover in 2021 to below 8x.

"We could lower our rating if we believe the company is likely to
default within 12 months due to a near-term liquidity crisis or if
we believe it is considering a distressed exchange offer or
redemption. The liquidity crisis would likely be driven by a
greater impact on earnings and free cash flow from the coronavirus
pandemic than we expect, making it difficult for the company to
refinance or extend upcoming maturities. We could also lower the
rating if we believe the company is at risk of violating its
covenant, and a resulting transaction that we would consider a
distressed exchange," S&P said.

"We could revise our outlook on Belcan to stable if its earnings
and cash flow are not as weak as expected because of the
coronavirus outbreak, the company is able to refinance or extend
the maturity on its term loan and amend or waive covenants to
maintain compliance, and debt to EBITDA returns below 8x. This
would likely be the result of quicker-than-expected recovery in
demand for the company's services," the rating agency said.


PURE FISHING: S&P Downgrades ICR to 'CCC+' on Revised Base Case
---------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S. fishing
equipment manufacturer SP PF Buyer LLC (doing business as Pure
Fishing Inc.) and its issue-level rating on its first-lien term
loan to 'CCC+' from 'B-'.

The recovery rating on the secured debt remains '3', but S&P has
lowered its rounded estimate of recovery to 50% from 65% under the
assumption that the company will have drawn all of its priority
asset-based lending (ABL) revolving credit facility in its
hypothetical default scenario.

The downgrade of Pure Fishing to 'CCC+' reflects S&P's expectation
that leverage could be very high at about 10x through 2021 and that
the company will likely generate negative operating cash flow in
2020.  S&P's base case assumption incorporates a revenue decline in
the company's typically strong second quarter of 2020 in the
mid-20% area, followed by flat year-over-year revenue in the third
and fourth quarters of 2020 compared with 2019. S&P believes that,
in line with many other manufacturers and companies affected by the
COVID-19 pandemic, Pure Fishing has reduced its growth capital
expenditure (capex), furloughed and laid off employees, and
materially reduced its cost structure in order to reduce the impact
of lower revenue on EBITDA generation. Depending upon the success
of the company's existing cost improvement plan, S&P believes
EBITDA margin might deteriorate modestly in 2020, with a moderate
improvement in 2021. As a result, S&P expects the company to
sustain leverage above 10x in 2020, improving to the 9x-10x range
in 2021. It is also S&P's expectation that the company will
maintain an EBITDA to cash interest coverage ratio in the low-1x
area in 2020 and mid-1x area in 2021. While leverage will likely
remain elevated through 2021, S&P believes the company's liquidity
is adequate over the next 12 months and that a near-term
conventional payment default is unlikely under the rating agency's
current base case. Although the company currently expects no
significant increase in bad debt expense this year, it has also
granted payment extensions to some of its customers. If retailer
collections are weakened in the remainder of 2020 by an anticipated
steep recession, this could potentially stress Pure Fishing's
liquidity if write-offs become material.

"We anticipate retail closures and supply chain disruptions as a
result of the COVID-19 pandemic will cause significant uncertainty
and put stress on the company's revenue and cash flow.  We believe
that closures of "non-essential" retailers in the U.S., Europe, and
Asia have affected the sales of Pure Fishing's products and delays
in receivables collections might further weaken the company's cash
flow in 2020. As a result, we expect working capital to be a use of
liquidity in 2020, as slowed inventory turns coupled with delayed
collections result in a net use of the company's cash and reliance
in 2020 on its $125 million ABL revolver, which had a $100.6
million balance at the end of March 2020. We expect the company to
continue to generate negative operating cash flow through the end
of 2020," S&P said.

In addition, closures of the company's manufacturing facilities and
distribution centers will create additional stress on the company's
ability to fulfill orders, which could potentially result in lost
or delayed sales through at least the end of the second quarter of
2020.

The anticipated steep recession, combined with a difficult
operating environment for retailers, has left the company little
room for operating missteps.  While sales of the company's products
have a track record of resilience during economic downturns, sales
declines in 2019 as a result of customer inventory consolidation
and execution missteps during the transition from ownership under
Newell to Sycamore Partners resulted in lease-adjusted leverage
above 10x in 2019.

"We believe that the company has taken steps to remedy many of
these operating issues, but the impact of the COVID-19 pandemic on
the company's cash flow will probably result in elevated leverage
through 2021. As a result, we believe the company is now reliant on
favorable business and economic conditions in order to complete its
transformation plan, and any additional risk factor, operating
misstep, or worsening of anticipated retailer collections, could
hurt liquidity," S&P said.

Partially offsetting these risks is that fishing is a low-cost
entertainment option that consumers are likely to view as
compatible with social distancing, which might shield the company
from a significant sales decline in 2020 that many other leisure
manufacturers are facing.

Environmental, social, and governance (ESG) credit factors for this
credit rating change:  

-- Health and safety factors

The negative outlook reflects the possibility that the company's
liquidity could become less than adequate to cover its fixed
charges if Pure Fishing's revenue and cash flow underperformed
S&P's base case.

S&P could lower the rating if EBITDA, cash flow, and liquidity
continued to weaken, or it believed the company were likely to
complete a distressed exchange or restructuring in the near term.

S&P could revise the outlook to stable or raise the rating if
EBITDA, cash flow, and liquidity improved in a manner that reduced
leverage below 8x, and the company were able to generate
sustainably positive cash flow from operations.


R&F GROUP: Seeks to Hire Harry P. Long as Co-Counsel
----------------------------------------------------
R & F Group, LLC, seeks approval from the U.S. Bankruptcy Court for
the Northern District of Alabama to hire The Law Offices of Harry
P. Long, LLC.

Harry P. Long will serve as co-counsel with Benton & Centeno, LLP,
the other firm handling the Chapter 11 cases of R & F Group and its
subsidiaries.

The hourly rates for the firm's attorneys are as follows:

     Harry Long         $400 per hour
     S. Knight Long     $250 per hour

The firm neither holds nor represents any interest adverse to
Debtors and their bankruptcy estates, according to court filings.

The firm can be reached through:

     Harry P. Long, Esq.
     The Law Offices of Harry P. Long, LLC
     P.O. Box 1924
     Anniston, AL 36202
     Phone: (256) 237-3266
     Fax: (256) 237-3268
     Email: hlonglegal8@gmail.com

                       About R&F Group

Birmingham, Alabama-based R&F Group, LLC and its subsidiaries are
privately held companies that operate in the food service
industry.

R&F Group, LLC and its subsidiaries sought Chapter 11 protection
(Bankr. N.D. Ala. Lead Case No. 19-04357) on Oct. 23, 2019.  In the
petitions signed by Colin Feather, managing member, the Debtors
were each estimated assets of up to $50,000 and $1 million to $10
million in debt.

Judge D. Sims Crawford oversees the cases.

Benton & Centeno, LLP and The Law Offices of Harry P. Long, LLC,
are Debtors' legal counsel.


REMARK HOLDINGS: Incurs $25.6 Million Net Loss in 2019
------------------------------------------------------
Remark Holdings, Inc., reported a net loss of $25.61 million for
the year ended Dec. 31, 2019, compared to a net loss of $21.56
million for the year ended Dec. 31, 2018.

Revenue for fiscal 2019 was $5.0 million, down from $10.1 million
during fiscal 2018.  Regulatory changes in China's financial
services market caused the company to discontinue its FinTech
services during 2018, which was responsible for $3.7 million of the
revenue decline.  Remark's revenue from AI-based solutions fell by
$0.7 million during the year as a result of factors such as the
celebrations related to the 70th anniversary of the founding of the
People's Republic of China, the ongoing US-China trade war which
caused disruption in supply chain management, extended project
testing and customization work on larger projects and, finally,
working capital constraints.  Additionally, the company's
advertising and other revenue decreased $0.6 million due to the
sale of banks.com and the company's other personal financial
services Internet domains in 2018, the effects of which were
partially offset by a modest increase in e-commerce sales.

"We spent the last three months of 2019 repositioning our business
for success in 2020 by streamlining costs and focusing on recurring
revenue generating lines of business," said Kai-Shing Tao, chairman
and chief executive officer of Remark Holdings.  "Winning major
contracts from the likes of China Mobile has positioned us for
substantial revenue growth in 2020," Mr. Tao added.  "We are also
announcing that, after fortifying our cash position, we paid in
full all our outstanding obligations to MGG under our financing
agreement with them, which significantly deleverages our balance
sheet while simultaneously putting us in position to fulfill our
existing contract backlog and invest in expanding our AI product
offerings like thermal imaging and scanning."

As of Dec. 31, 2019, the Company had $14.83 million in total
assets, $42.56 million in total liabilities, and a total
stockholders' deficit of $27.73 million.

Total cost and expense for 2019 was $27.8 million, a decrease from
the $54.6 million reported in 2018.  The decrease is primarily
attributable to a $12.4 million decrease in stock-based
compensation expense due the 2018 fiscal year including a large
grant to the company's CEO, while no such large grant occurred in
2019.  A decrease in cost of sales as a result of the
discontinuation of FinTech services also significantly contributed
to the cost and expense decrease, while declines in payroll and
related cost as a result of headcount reductions also contributed
to the decrease.  The cost and expense decreases were partially
offset by an increase of approximately $2.1 million in the bad debt
allowance resulting from an increased risk that certain trade
receivables may not be fully collected, and a $0.3 million increase
in impairment charges.

Operating loss declined to $22.8 million in fiscal 2019 from $44.5
million in fiscal 2018 commensurate with the cost and expense
declines.

Net loss from continuing operations totaled $23.0 million or $0.52
per diluted share in the fiscal year ended Dec. 31, 2019, compared
to a net loss from continuing operations of $18.6 million, or $0.48
per diluted share in the fiscal year ended
Dec. 31, 2018.

At Dec. 31, 2019, the cash and cash equivalents balance was $0.3
million, compared to a cash position of $1.4 million at Dec. 31,
2018.  Cash declined primarily due to timing of payments related to
elements of working capital, offsetting proceeds from common stock
issuances.

Cherry Bekaert LLP, in Atlanta, Georgia, the Company's auditor
since 2011, issued a "going concern" qualification in its report
dated May 29, 2020, citing that the Company has suffered recurring
losses from operations and negative cash flows from operating
activities and has a negative working capital and a stockholders'
deficit that raise substantial doubt about its ability to continue
as a going concern.

Subsequent Event

Earlier on May 28, 2020, Remark paid MGG approximately $12.7
million, representing full settlement of all loan principal,
accrued but unpaid interest and accrued but unpaid service fees
outstanding under the financing agreement, plus reasonable costs
and expenses incurred by MGG to settle the account.  As a result of
the full repayment, all liens on the company's assets, including
the investment in Sharecare, were removed.

"With the cleanup of our balance sheet behind us and our
strengthened cash position, we can now focus on building out our
global platform of AI-based solutions for the Fortune 500 companies
we are servicing," concluded Mr. Tao.

A full-text copy of the Annual Report is available for free at the
Securities and Exchange Commission's website at:

                       https://is.gd/EzSyeK

                      About Remark Holdings

Remark Holdings, Inc. (NASDAQ: MARK) --
http://www.remarkholdings.com/-- delivers an integrated suite of
AI solutions that enable businesses and organizations to solve
problems, reduce risk and deliver positive outcomes.  The company's
easy-to-install AI products are being rolled out in a wide range of
applications within the retail, financial, public safety and
workplace arenas.  The company also owns and operates digital media
properties that deliver relevant, dynamic content and ecommerce
solutions.  The company is headquartered in Las Vegas, Nevada, with
additional operations in Los Angeles, California and in Beijing,
Shanghai, Chengdu and Hangzhou, China.


REWALK ROBOTICS: Incurs $3.84 Million Net Loss in First Quarter
---------------------------------------------------------------
ReWalk Robotics Ltd. reported a net loss of $3.84 million on
$760,000 of revenues for the three months ended March 31, 2020,
compared to a net loss of $4 million on $1.58 million of revenues
for the three months ended March 31, 2019.

"The first quarter of 2020 was challenging as we had the COVID-19
pandemic affecting our ability to meet, train and deliver our
products to customers.  We have reacted to the new environment and
have modified our spending and cash usage to make sure we have
sufficient cash to execute our plan for the remaining part of the
year and beyond.  We are excited with the insurance contracts
achieved in Germany, our new product lines added in the United
States where we see clear synergy with our current products and our
CMS application progress," stated Larry Jasinski, chief executive
officer of ReWalk.

As of March 31, 2020, the Company had $25.22 million in total
assets, $12.13 million in total liabilities, and $13.08 million in
total shareholders' equity.

Gross margin was 49% during the first quarter of 2020, compared to
59% in the first quarter of 2019.  The decrease is primarily due to
the lower number of units placed during the quarter.

Total operating expenses in the first quarter of 2020 were $4
million, compared to $4.5 million in the prior year period.

As of March 31, 2020, ReWalk had $16.6 million in cash on its
balance sheet and $5.7 million in short- term debt.

A full-text copy of the Quarterly Report is available for free at
the Securities and Exchange Commission's website at:

                     https://is.gd/rI89aa

                    About ReWalk Robotics

ReWalk Robotics Ltd. -- http://www.rewalk.com/-- develops,
manufactures, and markets wearable robotic exoskeletons for
individuals with lower limb disabilities as a result of spinal cord
injury or stroke.  ReWalk's mission is to fundamentally change the
quality of life for individuals with lower limb disability through
the creation and development of market leading robotic
technologies.  Founded in 2001, ReWalk has headquarters in the
U.S., Israel and Germany.

ReWalk incurred net losses of $15.55 million in 2019, $21.67
million in 2018, and $24.72 million in 2017.  As of Dec. 31, 2019,
the Company had $24.37 million in total assets, $13.59 million in
total liabilities, and $10.78 million in total shareholders'
equity.

Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global, in
Haifa, Israel, the Company's auditor since 2014, issued a "going
concern" qualification in its report dated Feb. 20, 2020, citing
that the Company has suffered recurring losses from operations, has
a working capital deficiency, and has stated that substantial doubt
exists about the Company's ability to continue as a going concern.


RUBIE'S COSTUME: Taps KCC as Claims Agent
-----------------------------------------
Rubie's Costume Company, Inc., received approval from the U.S.
Bankruptcy Court for the Eastern District of New York to hire
Kurtzman Carson Consultants, LLC as claims and noticing agent.

The firm will oversee the distribution of notices and will assist
in the maintenance, processing and docketing of proofs of claim
filed in the Chapter 11 cases of the company and its affiliates.

Prior to their bankruptcy filing, Debtors provided the firm a
retainer in the amount of $25,000.

Evan Gershbein, executive vice president of Kurtzman, disclosed in
court filings that the firm is "disinterested" as defined in
Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Evan Gershbein
     Kurtzman Carson Consultants LLC  
     222 N. Pacific Coast Highway, 3rd Floor
     El Segundo, California 90245
     Tel: (310) 823-9000
     Fax: (310) 823-9133

                     About Rubie's Costume

Rubie's Costume Company Inc. is a distributor, manufacturer and
designer of costume and party-related accessories that serve over
2,000 retail accounts.  It also maintains licensing partnerships
with top studios, like Nickelodeon, Warner Bros, Lucasfilm, Marvel,
and Disney for products inspired by WWE, Ghostbusters, Stranger
Things, DC Comics, JoJo Siwa, Harry Potter, Star Wars and many
more.

Rubie's Costume Company and its affiliates sought Chapter 11
protection (Bankr. E.D.N.Y. Lead Case No. 20-71970) on April 30,
2020.  The Hon. Alan S. Trust is the case judge.  

Rubie's Costume was estimated to have $100 million to $500 million
in assets and $50 million to $100 million in liabilities as of the
filing.

The legal counsel of Rubie's include Meyer, Suozzi, English &
Klein, P.C. and Togut, Segal & Segal LLP.  BDO USA, LLP is the
company's restructuring advisor and SSG Capital Advisors LLC is its
investment banker.  Kurtzman Carson Consultants is the claims
agent.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on May 18, 2020.


SADDY FAMILY: $79K Sale of Seaside Heights Property to Miterkos OKd
-------------------------------------------------------------------
Judge Kathryn C. Ferguson of U.S. Bankruptcy Court for the District
of New Jersey authorized Saddy Family, LLC's sale of the property
at 125 Webster Avenue, Seaside Heights, New Jersey, Block 13, Lot
25, to Linda and Edward Miterko for $78,750, free and clear of all
liens, claims, encumbrances and interests.

The Agreement of Sale is approved.

At the closing on the sale of the Property, the Debtor will redeem
the Tax Lien with the Seaside Heights Tax Collector.

The Debtor will thereafter utilize the balance of the proceeds from
the sale of the 125 Webster Property to pay creditors in accordance
with the terms and conditions found in the Combined First Modified
Chapter 11 Plan that was Confirmed by the Court by Order dated Jan.
27, 2020.

Any and all governmental recording offices and all other parties,
persons or entities are directed to accept the Order for
recordation as conclusive evidence of authorization to convey the
Debtor's interest in the 125 Webster Property to the Purchaser.

The Debtor's counsel will serve a true and correct copy of the
Order on all parties who were served with copies of the Sale Motion
by email, fax or first-class mail, postage pre-paid, within seven
calendar days from the date of entry.

                       About Saddy Family

In 1995, SJV, Inc. was formed for the purposes of operating Karma,
a nightclub in Seaside Heights, NJ. In 1997, LASV, Inc. was formed
for the purposes of operating, Bamboo, another associated nightclub
in Seaside Heights, NJ.  Saddy Family was formed as a real estate
holding company for the properties used by SJV and LASV.

Saddy Family, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 19-14223) on Feb. 28, 2019.
The Debtor is related to, and associated with, debtors LASV Inc.
under Case No. 19-14218 and SJV, Inc. under Case No. 19-14220-KCF.

At the time of the filing, Saddy Family was estimated to have
assets of less than $50,000 and liabilities of $1 million to $10
million.  

The case is assigned to Judge Christine M. Gravelle.  

The Law Office of Eugene D. Roth is the Debtors' counsel.


SD-CHARLOTTE LLC: July 10 Auction of All RTHT's MOD Assets
----------------------------------------------------------
Judge Laura T. Beyer of the U.S. Bankruptcy Court for the Western
District of North Carolina authorized the bidding procedures of
SD-Charlotte, LLC and SD-Missouri, LLC in connection with RTHT
Investments, LLC's auction sale of substantially all assets related
to its MOD Pizza restaurants.

The Debtors, in the exercise of their reasonable business judgment
and in a manner consistent with the Bidding Procedures, their
fiduciary duties and applicable law, may designate a Stalking Horse
Bidder for the sale of the MOD Assets on or before the Stalking
Horse Deadline and provide the Stalking Horse Protections in
connection therewith.  Any Stalking Horse Bid from a Stalking Horse
Bidder will be deemed a Qualified Bid for all purposes of the
Bidding Procedures, and a Stalking Horse Bidder will be deemed a
Qualified Bidder for all purposes of the Bidding Procedures.  

Unless authorized by order of the Court, no person or entity (other
than a Stalking Horse Bidder as set forth) will be entitled to any
expense reimbursement or "termination," "break-up," "topping" or
other similar payment or fee by the Debtors for submitting a bid
for any of the MOD Assets or in any way participating in the
Auction or MOD Asset sale process.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: July 7, 2020 at 4:00 p.m. (EDT)

     b. Initial Bid: If the Selling Debtor enters into a Stalking
Horse Agreement, it has a value to the Debtors that is greater than
the sum of the Stalking Horse Agreement, plus the Stalking Horse
Protections, plus $75,000.

     c. Deposit: 20% of the Purchase Price

     d. Auction: If the Selling Debtor receives more than one
Qualified Bid (inclusive of a Stalking Horse Agreement), the
Selling Debtor will conduct an Auction of the MOD Assets, which
will take place at 10:00 a.m. (EDT) on July 10, 2020, at the
offices of Moore & Van Allen PLLC, 100 North Tryon Street, Suite
4700, Charlotte, North Carolina 28202, or such other date, time and
location as will be timely communicated to all entities entitled to
attend the Auction.

     e. Bid Increments: $50,000

     f. Sale Hearing: July 13, 2020 at 9:30 a.m. (EDT)

     g. Sale Objection Deadline: July 8, 2020 at 4:00 p.m. (EDT)

Within two business days after conclusion of the Auction, the
Debtors will file with the Court and cause to be published on the
Stretto Website the Notice of Auction Results.  

The Notice of Auction and Sale Hearing is approved.

By no later than three business days after entry of the Order, the
Debtors will cause the Notice of Auction and Sale Hearing and a
copy of the Order upon all the Sale Notice Parties.

Three business days after entry of the Order, the Debtors will (a)
serve the Notice of Auction and Sale Hearing on all creditors
appearing on the Debtors' creditor matrix; and (b) subject to
applicable submission deadlines and cost considerations, publish
the Notice of Auction and Sale Hearing in one or more publications
as the Debtors deem appropriate.  

Within two business days after conclusion of the Auction, the
Successful Bidder will complete and execute all agreements,
contracts, instruments and other documents necessary to consummate
the Successful Bid.  Consummation of any Sale Transaction pursuant
to a Successful Bid will be subject to Court approval.  

The Notice of Assumption and Assignment is approved.

By no later than three business days after the Court's entry of the
Bidding Procedures Order, the Debtors will file with the Court,
serve on the applicable Counterparties and cause to be published on
the Stretto Website, the Notice of Assumption and Assignment.  The
Cure Objection Deadline is 14 days after service of the Notice of
Assumption and Assignment.   The Adequate Assurance Objection must
be filed with the Court and served on the Objection Notice Parties
no later than (i) 4:00 p.m. (EDT) on July 8, 2020, and (ii) seven
days prior to the Sale Hearing.

Notwithstanding the applicability of any of Bankruptcy Rules
6004(h), 6006(d) or any other provisions of the Bankruptcy Rules
the terms and provisions of the Order will be immediately effective
and enforceable upon its entry, and any applicable stay of the
effectiveness and enforceability of the Order is waived.  

A copy of the Bidding Procedures is available at
https://tinyurl.com/ybtdn7hs from PacerMonitor.com free of charge.

SD-Charlotte, LLC, sought Chapter 11 protection (Bankr. W.D. N.C.
Case No. 3:20-bk-30149) on Feb. 7, 2020.  The case is assigned to
Judge Laura T Beyer.


SHATTUCK-ST. MARY'S SCHOOL: S&P Lowers Revenue Bond Rating to 'BB'
------------------------------------------------------------------
S&P Global Ratings lowered its long-term rating to 'BB' from 'BB+'
on Shattuck-St. Mary's School (SSM), Minn.'s series 2015A and 2015B
educational facility revenue bonds. The outlook is negative.

"The lower rating and negative outlook reflects our view of SSM's
weakened financial resources and history of operating deficits,
which we expect will continue for fiscals 2020 and 2021," said S&P
Global Ratings credit analyst Robert Tu. "We could further lower
the rating if enrollment or demand metrics weaken such that SSM
realizes greater operating deficits on a full-accrual basis, if
available resources were to deteriorate substantially, or if the
school is unable to address its large bullet maturity in fiscal
2023," Mr. Tu added.

S&P understands the school is looking to refinance its series 2015
bonds, which has a large bullet maturity in fiscal 2023. Successful
refinancing will be critical to maintaining the rating.

The lower rating and outlook revision reflects S&P's view of the
direct effect that shelter-in-place and other directives to protect
the health and safety of individuals from the community spread of
the virus may have on the school's credit profile, which the rating
agency views as a health and safety social risk under its
environmental, social, and governance (ESG) factors. S&P believes
independent schools, especially those with a boarding component,
face elevated social risk due to the uncertainty of the duration of
the pandemic, and potential impact on fall 2020 enrollment levels
and mode of instruction. Despite the elevated social risk, S&P
believes SSM's environmental and governance risks are in line with
its view of the sector as a whole.

SSM is an independent, Episcopal, co-educational college
preparatory school enrolling day and boarding students in grades
six through high school; in addition, SSM also offers a one-year
postgraduate program. The school is located on a 250-acre campus in
Faribault, approximately 50 miles south of Minnesota's Twin Cities.


SIERRA ENTERPRISES: Moody's Alters Outlook on B2 CFR to Negative
----------------------------------------------------------------
Moody's Investors Service affirmed Sierra Enterprises LLC's B2
Corporate Family Rating and B2-PD Probability of Default Rating. At
the same time, Moody's affirmed the company's first lien revolving
credit facility and first lien term loan debt ratings at B2. The
rating outlook was changed to negative from stable.

The change in rating outlook to negative reflects Moody's
expectation that Sierra's operating performance will be negatively
impacted in 2020 by restaurant closures and volume reductions
across the US as a result of the coronavirus outbreak as well as
job losses that will lead to cutbacks by consumers dinning outside
the home. Moody's expects that Sierra's operating profits will
decline sharply by about 20% to 25% over the next 6 to 12 months as
key restaurant chains and food service distributors reduce orders
because of significantly lower restaurant traffic. The negative
outlook also reflects Moody's expectation that free cash flow will
be negative in 2020 and liquidity will remain constrained over the
next 12 months as the company continues to invest in expansion of
its aseptic facilities. The company will primarily rely on its
revolver and cash on hand for this additional investment. Moody's
expects free cash flow to be positive in 2021 as operating
performance improves and capital expenditures decline. Moody's
further expects debt to EBITDA will increase to 6.5x to 7.0x over
the next six months from 5.4x as of March 2020.

The affirmation of the CFR reflects Moody's expectation that the
company's operating performance will recover after a period of
weakness as restaurants reopen and volumes gradually expand.
Additionally, the company's expansion into aseptic to meet
heightened consumer and customer interest in clean packaging will
help facilitate this recovery. The aseptic investment is slated to
be completed in 2020 with new customer wins and expanded share with
existing clients producing incremental volume beginning in 2021.
Such factors have the potential to reduce debt-to-EBITDA below 6.0x
by the end of 2021, a level that is more in line with Moody's
expectations for the rating given the operating profile. Liquidity
will remain adequate during this period to support both additional
expansion of the aseptic business and debt amortization, though at
a much-constrained level than in the past.

Moody's took the following rating actions on Sierra Enterprises
LLC:

Affirmations:

Issuer: Sierra Enterprises LLC

Corporate Family Rating, Affirmed B2

Probability of Default Rating, Affirmed B2-PD

Gtd Senior Secured 1st Lien Revolving Credit Facility, Affirmed B2
(LGD3)

Gtd Senior Secured 1st Lien Term Loan, Affirmed B2 (LGD3)

Outlook Actions:

Issuer: Sierra Enterprises LLC

Outlook, Changed To Negative From Stable

RATINGS RATIONALE

The B2 Corporate Family Rating reflects Sierra's high financial
leverage and customer concentration with its three largest
customers accounting for over 50% of revenue. The rating also
reflects some execution risk in entry and expansion of low-acid
aseptic packaging business. Additionally, the majority of Sierra's
customers are quick-service-restaurants, which have been materially
impacted by shutdowns due to the COVID-19 outbreak. Financial
policies are aggressive under private equity ownership. The company
benefits from its well-established market position as a foodservice
supplier of beverage syrups, nutritional beverages, and toppings in
the U.S. It also benefits from long-standing customer relationships
and low exposure to fluctuations in raw material costs.

The rapid and widening spread of the COVID-19 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 restaurant
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 Sierra's credit profile,
including its exposure to restaurant closures have left it
vulnerable to shifts in market sentiment in these unprecedented
operating conditions and Sierra 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 Sierra of the breadth and severity of the shock, and the
broad deterioration in credit quality it has triggered.

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

Ratings could be upgraded if the company profitably increases its
scale, improves the operating margin, and reduces debt/EBITDA below
4.0x.

Ratings could be downgraded if operating performance declines
materially for a prolonged period of time, liquidity deteriorates
or the company experiences a material delay or cost overruns from
expansion into aseptic packaging. A downgrade can also occur if
debt/EBITDA rises above 6.0x.

The principal methodology used in these ratings was Consumer
Packaged Goods Methodology published in February 2020.

Headquartered in Fresno, California, Sierra Enterprises LLC is the
owner of Lyons Magnus, LLC. The company produces beverage syrups,
toppings, sauces, food ingredients, frozen desserts and nutritional
beverages. Sierra's customers are primarily food manufacturers and
food service companies located in the US. The company also has some
branded direct-to-retail products such as sauces, juices, and
nutritional drinks. Sierra is majority owned and controlled by
private equity firm Paine Schwartz Partners since the 2017
acquisition. The company does not publicly disclose financial
information. Annual revenue is around $600 million.



SIMBECK INC: Taps Haines Greene as Accountant
---------------------------------------------
Simbeck, Inc., received approval from the U.S. Bankruptcy Court for
the Western District of Virginia to hire Haines, Greene & Yowell
Tax Service as its accountant.

The firm's services will include the preparation of financials and
tax returns.  The services will be provided mainly by Mark Greene,
tax accountant, whose hourly rate is $125.

The estimated fee for the firm's services is $4,000.

Haines and its accountants are "disinterested" within the meaning
of Section 101(14) of the Bankruptcy Code, according to court
filings.

The firm can be reached through:

     Mark Greene
     Haines, Greene & Yowell Tax Service
     675 Poorhouse Road
     Winchester, Virginia 22603
     Phone: +1 540-662-1530

                      About Simbeck Inc.

Simbeck, Inc., is a transportation company with experience in
long-haul, regional and short-haul truckload freight.  With a fleet
of more than 70 trucks, Simbeck is located along Interstate 81 in
Northern Virginia providing the company access to all major
shipping corridors along the east coast, and from Virginia to
Texas.

Simbeck filed a Chapter 11 petition (Bankr. W.D. Va. Case No.
19-50868) on Oct. 1, 2019, in Harrisonburg, Va.  In the petition
signed by Michael Darnell, Jr., resident, the Debtor was estimated
to have assets of no more than $50,000 and liabilities at $1
million to $10 million.  Judge Rebecca B. Connelly oversees the
case.  The Debtor tapped Hoover Penrod, PLC as its legal counsel
and Haines, Greene & Yowell Tax Service as its accountant.


SM-T.E.H. REALTY: Sale Notice on Sale of All Assets Approved
------------------------------------------------------------
Judge Kathy A. Surratt-States of the U.S. Bankruptcy Court for the
Eastern District of Missouri authorized SM-T.E.H. Realty 4, LLC's
Sale Notice on its bidding procedures in connection with the sale
of substantially all assets to ZM Holdings for $10 million, subject
to overbid.

In the event of submission of competing bids for purchase of the
Assets, counsel for Fannie Mae will be consulted concerning (a) the
qualifications of the party submitting a competing bid, (b) the
adequacy of such competing bid, and (c) whether such bid
constitutes a higher and better offer for purchase of the Assets.

The counsel for the Debtor will serve a copy of the Order on all
interested parties who were not served electronically and file a
Certificate of Service with the Court within 24 hours of service.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Five business days before the Sale Hearing

     b. Initial Bid: $10.1 million

     c. Deposit: $100,000

     d. Auction: If one or more Qualifying Bids are submitted in
accordance with the Bidding Procedures Order, the Debtor will
conduct the Auction as set forth in the Asset Purchase Agreement.
As soon as practicable prior to the Auction, the Debtor will
provide to the Stalking Horse Bidder, all Persons who submitted
Qualifying Bids, and the secured lenders of each Qualifying Bid
received.  On the business day before the Sale Hearing at 10:00
a.m. (St. Louis time), the Debtor will conduct the Auction at the
offices of Silver Lake Group, Ltd., 6 Ginger Creek Village Drive,
Glen Carbon, Illinois 62034 at which time and place the Stalking
Horse Bidder and all Persons who submitted Qualifying Bids will
have the right to submit further Bids in writing.

     e. Bid Increments: $100,000

The sale will be free and clear of any interest in such property.

A copy of the Bidding Procedures is available at
https://tinyurl.com/y8fqmls8 from PacerMonitor.com free of charge.

                      About SM-T.E.H. Realty 4

SM-T.E.H. Realty 4, LLC, is a single asset real estate (as defined
in 11 U.S.C. Section 101(51B)), whose principal assets are located
at 4015 Brittany Circle Bridgeton, Mo.

SM-T.E.H. Realty 4 sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mo. Case No. 20-42148) on April 21,
2020. The petition was signed by Michael Fein, Debtor's manager. At
the time of the filing, Debtor disclosed estimated assets of $10
million to $50 million and estimated liabilities of the same range.
Judge Kathy A. Surratt-States oversees the case.  The Debtor
tapped Steven M. Wallace, Esq., at Silver Lake Group, Ltd., as its
counsel.


SMT RE HOLDING: June 24 Plan & Disclosure Hearing Set
-----------------------------------------------------
On May 11, 2020, Debtor SMT RE Holding LLC filed with the U.S.
Bankruptcy Court for the Western District of Arkansas, Fayetteville
Division, a Disclosure Statement.

On May 12, 2020, Judge Ben Barry conditionally approved the
Disclosure Statement and established the following dates and
deadlines:

  * June 24, 2020, is the hearing on any objections to final
approval of the Disclosure Statement and, providing that the
Disclosure Statement is approved, hearing of testimony on
confirmation of the Debtors’ Plan of Reorganization.

  * June 19, 2020, is fixed as the deadline for creditors to object
to the conditionally approved Disclosure Statement.

  * June 19, 2020, is fixed as the deadline for creditors to object
to the Debtors' Plan of Reorganization.

  * June 19, 2020, is fixed as the deadline for casting ballots
against or in favor of the Debtors' Plan of Reorganization.

A copy of the order dated May 12, 2020, is available at
https://tinyurl.com/y7dnmsy2 from PacerMonitor at no charge.

                   About SMT RE Holding LLC

SMT RE Holding LLC is an Arkansas Limited Liability Company with
its principal assets located in Washington County, Arkansas.

SMT RE Holding LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Ark. Case No. 20-70589) on March 5,
2020, listing under $1 million in both assets and liabilities.  Don
Brady, Jr., Esq. at BRADY & CONNER, PLLC, serves as the Debtor's
counsel.


STAGE STORES: Hoffman Represents Pollock Investments, 2 Others
--------------------------------------------------------------
In the Chapter 11 cases of Stage Stores, Inc., et al., the law firm
of Hoffman & Saweris, P.C. submitted a verified statement under
Rule 2019 of the Federal Rules of Bankruptcy Procedure, to disclose
that is representing the following entities:

     a. Pollock Investments, Inc.
        d/b/a Pollock Orora
        One Pollock Place
        Grand Prairie, TX 75050

     b. Multistate Holdings, Inc.
        711 W. St. Anthony Avenue
        Effingham, IL 62401

     c. Willow Bend Apartments, LLC
        P.O. Box 121704
        Clermont, FL 34712

Each of these parties is a creditor and party-in-interest in these
proceedings.

Hoffman & Saweris does not own a claim or interest in the Debtors
or the Debtors' estates.  None of the aforementioned claims have
been assigned subsequent to the commencement of this case, and none
have been solicited for purchase by Hoffman & Saweris, p.c. At this
time, Hoffman & Saweris, P.C. has engagement letters with all three
of these entities.

The firm can be reached at:

          HOFFMAN & SAWERIS, P.C.
          Matthew Hoffman, Esq.
          Alan Brian Saweris, Esq.
          2777 Allen Parkway, Suite 1000
          Houston, TX 77019
          Telephone: (713) 654-9990
          Facsimile: (713) 654-0038

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/6xmZRO

                    About Stage Stores Inc.

Stage Stores, Inc. (SSI) and its affiliates --
http://www.stagestoresinc.com/-- are apparel, accessories,
cosmetics, footwear, and home goods retailers that operate
department stores under the Bealls, Goody's, Palais Royal, Peebles,
and Stage brands and off-price stores under the Gordmans brand.
Stage Stores operates approximately 700 stores across 42 states.
Stage's department stores predominately serve small towns and rural
communities, and its off-price stores are mostly located in
mid-sized Midwest markets.

Stage Stores, Inc. and affiliate Specialty Retailers, Inc., sought
Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 20-32564) on
May 10, 2020.

The Company disclosed $1,713,713,000 of total assets and
$1,010,210,000 of total debt as of Nov. 2, 2019:

The Hon. David R. Jones is the case judge.

The Debtors tapped KIRKLAND & ELLIS LLP as bankruptcy counsel;
JACKSON WALKER L.L.P. as local bankruptcy counsel; PJ SOLOMON,
L.P., is investment banker; BERKELEY RESEARCH GROUP, LLC as
restructuring advisor; and A&G REALTY as real estate consultant.
GORDON BROTHERS RETAIL PARTNERS, LLC, will manage the Company's
inventory clearance sales.  KURTZMAN CARSON CONSULTANTS LLC is the
claims agent.


SUNOPTA INC: S&P Upgrades ICR to 'CCC+'; Outlook Stable
-------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Mississauga,
Ont.-based food and beverage manufacturer SunOpta Inc. to 'CCC+'
from 'CCC' and raised its issue-level rating on the company's
senior secured second-lien notes to 'CCC' from 'CCC-'. S&P also
revised the liquidity score to adequate from less than adequate.

"We forecast SunOpta's operating performance to improve
meaningfully in fiscal 2020. The upgrade reflects our favorable
view of the company's execution on its turnaround initiatives
across its business divisions, particularly the growth in its
plant-based foods and beverages segments," S&P said.

The successful implementation of capital expansion projects in
third-quarter 2019 enabled SunOpta to address growing demand for
its plant-based beverages (broth offerings and other aseptic
beverages made from almonds, soy, etc.) and increase volumes and
revenues in fourth-quarter 2019 and first-quarter 2020 compared
with the previous year. Furthermore, in first-quarter 2020 the
company successfully sold the majority of its remaining prior
year's frozen fruit inventory at a higher price. A combination of
higher revenues and operating cost efficiencies led to significant
improvement in gross profit and EBITDA margins for the last 12
months ended March 2020. As a result, for that period S&P Global
Ratings adjusted EBITDA improved by almost 40% compared with the
same period last year. Furthermore, the company generated positive
operating cash flows of about US$35 million, which it used to pay
down a portion of revolver borrowings. Therefore, debt-to-EBITDA on
an S&P Global Ratings adjusted basis strengthened to about 8.5x
from about 11x as of March 2019.

Despite the COVID-19-related headwinds, S&P expects this positive
performance relative to 2019 will continue through fiscal 2020. It
also believes that given the expectation of a normal strawberry
crop, the cost issues that SunOpta faced in fiscal 2019 in its
frozen fruit business might not repeat, thereby supporting gross
margins and EBITDA growth as compared with the previous year. S&P
estimates SunOpta's EBITDA margins for fiscal 2020 should improve
to 6%-6.5% from about 4.5% in 2019 and the company will exit 2020
with debt-to-EBITDA on an S&P adjusted basis in the 9x area and
EBITDA interest coverage of about 1.5x.

"Given the demand for plant-based beverages and ingredients, the
company plans to further expand its manufacturing lines, which
should fully be online by late fourth-quarter 2020. That said, we
believe there could be execution risks related to these projects
that could weigh on operating performance. We also view SunOpta as
still dependent on favorable business, financial, and economic
conditions to meet its financial commitments," S&P said.

Growth from the retail segment could offset COVID-19-related
pressures. The impact of COVID-19 and attempts to contain it have
resulted in catastrophic conditions for the restaurant and food
service segment. SunOpta generates about 20% of its total revenues
(40% of its plant-based segment revenues and 25% of fruit-based
segment revenues) from quick-service restaurants and other food
service customers, which S&P believes could be severely pressured
(with the largest impact expected in first-quarter 2020) due to
widespread shutdowns and restaurant closures starting at the end of
March.

"However, we expect SunOpta's revenues from the retail segment will
benefit in the near term because demand for shelf-stable and frozen
foods has surged as consumers stay home for an extended time and
spend more on groceries. In our view, given SunOpta's greater
exposure to retail than to food service, this favorable retail
trend should partially offset the volume and revenue losses from
the food service segment," S&P said.

The extension of the ABL facility and additional preferred equity
boosts liquidity and supports additional capex needs. S&P believes
that SunOpta should be able to cover its fixed charges of about
US$50 million-US$55 million (mandatory interest, preferred
dividends (S&P Global Ratings assumes dividends are paid in cash,
and minimum capital expenditures) with internally generated cash
flows. Furthermore, S&P positively views the additional preferred
equity commitment up to US$60 million by Oaktree Capital and
Engaged Capital (US$30 million drawn as of April 2020, with the
remainder available until July 2020). In S&P's view, the additional
financing should support the company's capacity expansion plans and
provide a liquidity cushion to weather these unprecedented
circumstances. In January 2020, SunOpta extended the maturity date
of its global ABL facility from February 2021 to March 2022,
thereby alleviating significant refinancing risks.

S&P acknowledges a high degree of uncertainty about the rate of
spread and peak of COVID-19. Some government authorities estimate
the pandemic will peak between June and August, and S&P is using
this assumption in assessing the economic and credit implications.
S&P Global Economics believes measures to contain COVID-19 have
pushed the global economy into recession and will cause a surge of
defaults among nonfinancial corporate borrowers. As the situation
evolves, S&P will update its assumptions and estimates
accordingly.

The stable outlook reflects the company's improved profitability,
driven by the higher volumes in core plant-based products and
better capacity utilization. Although SunOpta's adjusted leverage
(at over 9x) will remain elevated in the near term, S&P believes
improved cash generation coupled with new capital commitments from
certain investors should ensure sufficient liquidity for the
company to pursue its turnaround over the next 12 months.

"We could lower the ratings on SunOpta if operational missteps or
aggressive capacity expansions over the next 12 months drive
operational cash burn, potentially stalling the company's recovery.
Under this scenario, we believe there is high risk of a
consideration of debt restructuring to address the company's weak
balance sheet, given potentially less-favorable conditions for a
successful refinancing of the 2022 maturities," S&P said.

"We could raise the ratings if the company's operating performance
further improves such that we expect it to generate positive free
operating cash flows on a sustained basis and its EBITDA interest
coverage on an S&P Global Ratings adjusted basis improves to about
2x," the rating agency said.


TA ESTATE: June 23 Disclosure Statement Hearing Set
---------------------------------------------------
On May 5, 2020, TA Estate, Inc., f/k/a Thrush Aircraft, Inc., filed
with the U.S. Bankruptcy Court for the Middle District of Georgia,
Albany Division, a Disclosure Statement.  On May 8, 2020, Judge
Austin E. Carter ordered that:

  * June 23, 2020, at 10:00 A.M. in U.S. Bankruptcy Court,
Courtroom B, 433 Cherry Street, Macon, Georgia is the hearing to
consider approval of the Proposed Disclosure Statement and any
objections or modifications to the debtor's Proposed Disclosure
Statement.

  * June 15, 2020, is fixed as the last day to file written
objections to the Disclosure Statement.

A copy of the order dated May 8, 2020, is available at
https://tinyurl.com/ydxpw7pq from PacerMonitor at no charge.

                    About Thrush Aircraft

Headquartered in Albany, Ga., Thrush Aircraft, Inc., manufactures a
full range of aerial application aircraft used in agriculture,
forestry, and firefighting roles. There are currently more than
2,400 Thrush aircraft operating in some 80 countries around the
world.  The company was founded in 2003.

Thrush Aircraft sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Ga. Case No. 19-10976) on Sept. 4,
2019.  At the time of the filing, the Debtor disclosed assets of
between $10 million and $50 million and liabilities of the same
range.


TEMPLAR ENERGY: Case Summary & 30 Largest Unsecured Creditors
-------------------------------------------------------------
Lead Debtor: Templar Energy LLC
             4700 Gaillardia Parkway, Suite 200
             Oklahoma City, OK 73142

Business Description:     Templar Energy LLC and its debtor
                          affiliates, founded in 2012, are an
                          independent exploration and
                          production companies, with a core
                          focus on the development and
                          acquisition of oil and natural gas
                          reserves in the Greater Anadarko
                          Basin of Western Oklahoma and the
                          Texas Panhandle.  Templar Energy
                          and its operating subsidiaries have
                          acquired substantial assets in the
                          Mid-Continent region covering, as of
                          the Petition Date, approximately
                          273,400 net acres by directly
                          leasing oil and gas interests from
                          mineral owners.  For more information,
                          visit http://templar.energy.

Chapter 11 Petition Date: June 1, 2020

Court:                    United States Bankruptcy Court
                          District of Delaware

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

     Debtor                                    Case No.
     ------                                    --------
     Templar Energy LLC (Lead)                 20-11441
     TE Holdcorp, LLC                          20-11442
     TE Holdings, LLC                          20-11445
     TE Holdings II, LLC                       20-11449
     Templar Operating LLC                     20-11452
     Templar Midstream LLC                     20-11454
     TE Holdings Management LLC                20-11457

Debtors'
Co-Counsel:               Paul M. Basta, Esq.
                          Robert A. Britton, Esq.
                          Sarah Harnett, Esq.
                          Teresa Lii, Esq.
                          PAUL, WEISS, RIFKIND, WHARTON &
                          GARRISON LLP
                          1285 Avenue of the Americas
                          New York, New York 10019
                          Tel: (212) 373-3000
                          Fax: (212) 757-3990
                          Email: pbasta@paulweiss.com
                                 rbritton@paulweiss.com
                                 sharnett@paulweiss.com
                                 tlii@paulweiss.com

Debtors'
Co-Counsel:   

                          Pauline K. Morgan, Esq.
                          Jaime Luton Chapman, Esq.
                          Tara C. Pakrouh, Esq.
                          YOUNG CONAWAY STARGATT & TAYLOR, LLP
                          Rodney Square
                          1000 North King Street
                          Wilmington, Delaware 19801
                          Tel: (302) 571-6600
                          Fax: (302) 571-1253
                          Email: pmorgan@ycst.com
                                 jchapman@ycst.com
                                 tpakrouh@ycst.com

Debtors'
Investment
Banker:                   GUGGENHEIM SECURITIES, LLC

Debtors'
Financial
Advisor:                  ALVAREZ & MARSAL NORTH AMERICA, LLC

Debtors'
Claims,
Noticing &
Solicitation
Agent:                    KURTZMAN CARSON CONSULTANTS LLC
                          http://www.kccllc.net/templarenergy

Estimated Assets
(on a consolidated basis): $100 million to $500 million

Estimated Liabilities
(on a consolidated basis): $500 million to $1 billion

The petitions were signed by Brian A. Simmons, chief executive
officer.

A copy of Templar Energy's petition is available for free at
PacerMonitor.com at:

                     https://is.gd/4m7zTy

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Enerflex Energy Systems, Inc.    Trade Payable         $440,522
10815 Telge Road
Houston, TX 77095
Marc E. Rossiter - CEO
Tel: (713) 253-5200
Email: mrossiter@enerflex.com

2. J-W Power Company                Trade Payable         $352,942
16479 N. Dallas Parkway
Suite 850, LB-8
Addison, TX 75001
Pam Barnhart - SVP, Administration
Tel: (214) 629-9352
Email: pbarnhart@jwenergy.com

3. Contango Resources Inc.          Trade Payable         $266,172
717 Texas Avenue
Suite 2900
Houston, TX 77002
Wilkie S. Colyer - CEO
Tel: (404) 376-1930
Email: WColyer@contango.com

4. Fourpoint Energy LLC             Trade Payable         $235,417
100 St. Paul Street
Denver, CO 80206
George H. Solich - President &
Chief Executive Officer
Tel: (303) 290-0990;
     (303) 886-7805
Email: gsolich@fourpointenergy.com

5. BlackBeard Operating LLC         Trade Payable         $231,736
1751 River Run, Suite 405
Fort Worth, TX 76107
Kaleb Smith - CEO
Tel: (432) 242-0050
Fax: (432) 614-2094

6. Presidio MPO LLC                 Trade Payable         $121,906
500 W 7th St., Suite 803
Fort Worth, TX 76102
Will Ulrich - Co-CEO
Tel: (917) 375-8679
Email: will@presidiopetroleum.com

7. USA Compression Partners, LP     Trade Payable         $100,629
111 Congress Avenue
Suite 2400
Austin, TX 78701
Eric D. Long - CEO
Tel: (214) 378-8651
Email: elong@usacompression.com

8. Momentum Transports, LLC         Trade Paybale          $93,492
12284 Hwy 30
Erick, OK 73645
Clay Brooks - Manager
Tel: (405) 208-3635
Email: cbrooks@momentum-transports.com

9. Territory Resources LLC          Trade Payable          $88,153
1511 S Sangre Rd
Stillwater, OK 74074-1869
Sean Morgan - CFO
Tel: (405) 533-1300
Email: ownerrelations@territoryllc.com

10. IHS Global Inc                  Trade Payable          $80,769
15 Inverness Way East
Engelwood, CO 80112
Leisha Archie - Executive Director -
Energy Sales
Tel: (405) 415-3605
Email: Leisha.Archie@ihsmarkit.com

11. H2O Transport LLC               Trade Payable          $69,556
105 4th Avenue
Reydon, OK 73660
Derek Hawkins – Managing Member (President)
Tel: (580) 515-1468
Email: derekhawkins@h2otransports.com

12. TransZap, Inc.                  Trade Payable          $65,527
633 17th Street
Suite 2000
Denver, CO 80202
James Gattis - Senior Account Director
Tel: (918) 633-7533
Email: james.gattis@enverus.com

13. ChampionX U.S. 3 Inc.           Trade Payable          $64,535
11177 S Stadium Dr
Sugar Land, TX 77478
Caleb Roberts - District Manager
Tel: (580) 374-5963
Email: caleb.roberts@championx.com

14. Netherland, Sewell &            Trade Payable          $57,904
Associates, Inc.
2100 Ross Avenue
Suite 2200
Dallas, TX 75201
Lauren Vernon - Vice President
Tel: (713) 654-4950
Email: lvernon@nsai-petro.com

15. Corlena Oil Company             Trade Payable          $47,635
619 S Tyler Suite 210
Amarillo, TX 79101
W. Jeff Chestnut - Partner
Tel: (806) 372-5044
Email: jeff@corlena.com

16. Halcyon Equipment, LLC          Trade Payable          $42,492
24130 State Highway 76
Ratcliff City, OK 73481
Mike Shores - Owner
Tel: (580) 856-2182
Email: mike@shorescompany.com

17. Elynx Technologies LLC          Trade Payable          $39,855
2431 E. 61st Street
Suite 700
Tulsa, OK 74105
Carson Bryant - Account Executive
Tel: (918) 496-6447
Email: carson.bryant@elynxtech.com

18. Polaris Operating LLC           Trade Payable          $34,066
8226 Douglas Ave
Ste 325
Dallas, TX 75225
Mike Christe - CEO
Tel: (214) 563-8942
Email: Mike@polarisoperating.com

19. JGR Oilfield Services LLC       Trade Payable          $34,065
1724 E Mohr Lane
Mustang, OK 73064
John Rivero - Owner
Tel: (405) 408-4910
Email: JGRoilfield@hotmail.com

20. O&B Tank Company, Inc.          Trade Payable          $33,799
512 W. Hwy 15
Darrouzett, TX 79024
Andrew Skipper - General Manager
Tel: (620) 655-6044
Email: andrewobtank@gmail.com

21. LDI LLC                         Trade Payable          $33,445
13030 County Road 24
Sprearman, TX 79081
Ross Donahue - Member Chairman
Tel: (806) 270-0157
Email: ldillctrucking@yahoo.com

22. Automotive Rentals, Inc.        Trade Payable          $29,310
4001 Leadenhall Road
Mount Laurel, NJ 08054
Brent Davis - District Sales Manager
Tel: (817) 343-1636
Email: bdavis@arifleet.com

23. Perfex Chemical Solutions LLC   Trade Payable          $29,091
1050 N. Price Road
Pampa, TX 76065
Cody Williams - President
Tel: (405) 301-7713
Email: cwilliams@perfexservices.com

24. CSI Compressco LP               Trade Payable          $25,530
24955 Interstate 45 North
The Woodlands, TX 77380
Ron Foster - Regional Sales Manager – Mid-Con
Tel: (405) 229-1625
Email: RFoster@compressco.com

25. Flowco Production Solutions     Trade Payable          $25,249
20405 State Hwy 249, Suite 600
Houston, TX 77070
Susan Horton - CFO
Tel: (281) 528-6298
Email: accounting@flowcosolutions.com

26. JACAM Chemicals 2013, LLC       Trade Payable          $21,138
205 S. Broadway
Sterling, KS 67579
Vern Disney - President
Tel: (620) 278-335
Email: vern.disney@catalystoilfield.com

27. Precision Compression LLC       Trade Payable          $20,644
2007 Ranger Hwy
Weatherford, TX 76088
Ryan Benge - VP of Sales & Marketing
Tel: (817) 550-6901
Email: ryanb@precisioncompression.com

28. Oilfield Labs of America        Trade Payable          $20,580
2415 W Alabama St.
Suite 204
Houston, TX 77098
Robert Mitchell - Chief Technology Officer
Tel: (432) 703-2757
Email: Robert.mitchell@oilfieldloa.com

29. Spitfire Energy Group LLC          Pending        Undetermined
101 Park Avenue, Suite 1400          Litigation/
Oklahoma City, OK 73102                 Trade
Gungoll Jackson Box & Devoll, P.C.     Payable
Brad Gungoll
Tel: (405) 272-4710
Fax: (405) 272-5141

30. Western Association of             Pending        Undetermined
Fish and Wildlife Agencies            Litigation
2700 W. Airport Way
Boise, ID 83705
J. Patrick Mensching - Attorney of Record
Tel: (918) 591-5240
Fax: (918) 925-5240
Email: pmensching@dsda.com


TEXAS CAPITAL: S&P Affirms 'BB+' ICR After Termination of Merger
----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB+' rating on Texas Capital
Bancshares Inc. (TCBI) and its 'BBB-' rating on Texas Capital Bank
N.A., TCBI's bank subsidiary. The outlooks on both entities remain
stable.

The rating affirmation follows the termination of TCBI's merger
with Independent Bank Group, which eliminated an opportunity for
the company to substantially improve its lending and funding
diversification at a time when the economic downturn associated
with the coronavirus pandemic has pressured its financial
performance.

"Our ratings affirmations reflect our view that, notwithstanding
the termination of TCBI's merger with Independent Bank Group, the
company will maintain creditworthiness comparable to similarly
rated peers with at least marginal profitability this year and next
and that it will avoid outsized deterioration in asset quality,
capital, funding, and liquidity," S&P said.

S&P's stable outlook on TCBI is based on its expectation that the
company will be able to navigate increasing headwinds from low
energy prices, falling interest rates, and a worsening economy. The
rating agency's base-case expectation is that the company will
avoid outsized credit losses and remain at least marginally
profitable this year.

"We could lower the ratings if TCBI's credit quality deteriorates
substantially, if energy or construction loan portfolios increase
meaningfully as a proportion of total loans, or the Texas economy
weakens significantly," S&P said.

"Conversely, we could raise the ratings if the company's loan
performance remains resilient through the currently challenging
economic environment, the company substantially improves its
funding profile, or the company increases its capital ratios while
maintaining conservative business and financial strategies," the
rating agency said.


THUNDERBOLT AIRCRAFT: S&P Keeps BB Rating on C Notes on Watch Neg.
------------------------------------------------------------------
S&P Global Ratings extended its placement of Thunderbolt Aircraft
Lease Ltd.'s class A, B, and C notes on CreditWatch with negative
implications, where they were originally placed on March 19, 2020.

The CreditWatch extension primarily reflects 22% of the pool,
representing three aircraft, with near-term lease expiries, the
portfolio's declining credit quality, as well as the uncertainties
surrounding airline operations amidst the coronavirus pandemic.

S&P acknowledges a high degree of uncertainty about the rate of
spread and peak of the coronavirus outbreak.

"Some government authorities estimate the pandemic will peak about
midyear, and we are using this assumption in assessing the economic
and credit implications. We believe the measures adopted to contain
COVID-19 have pushed the global economy into recession. As the
situation evolves, we will update our assumptions and estimates
accordingly," S&P said.

The transaction has paid off a combined total of over $124 million
on the rated notes since its closing date in 2017 and the
loan-to-value ratio remains stable. S&P said, "The portfolio's
current weighted average age is approximately 16 years with a
relatively short remaining lease term of three years. Three
aircraft (22% of the pool by value) are either already in the
servicer's possession or scheduled for a lease expiration in 2020.
With the current uncertainties and challenges in the leasing
market, S&P views this as a risk factor for this portfolio. The
transaction benefits from a liquidity facility, which covers 17
months' interest on the class A and B notes.  S&P's analysis
considers incremental sensitivity runs, which the rating agency
applied due to COVID-19 related uncertainties in the sector. These
include additional stress on aircraft values, time to re-lease,
re-leasing rates, retirement age, and a possible second wave of
deferral requests. S&P also acknowledges the uncertainties around
airlines' future fleet size planning and aircraft maintenance
projections, which are additional variables in the rating agency's
cash flow model.

S&P first placed the ratings on CreditWatch with negative
implications on March 19, 2020, when lockdowns and social
distancing measures were introduced to combat the spread of the
virus, COVID-19. Although these measures are easing up in some
places, it will still take time for domestic air travel to fully
resume. With several countries shutting down their borders,
international air travel will take a considerably longer time to
resume and for passenger confidence to be regained. Since the
CreditWatch placements, S&P has had periodic conversations with
lessors of aircraft ABS transactions that it rated. A common theme
among lessors is an increasing number of requests for rent
deferrals, which have taken different forms. The typical deferral
requests have been for 50% of rent (in most cases not applicable to
utilization rent) for three months and recovered with interest over
the remaining term of the lease. Many lessors have indicated that
it is too soon to assess the ultimate impact on aircraft values,
lease rates, and time to re-lease, among other factors. According
to mba Aviation, as of the week of May 11, 2020, average daily
flight schedules have dropped by 56%-89% from January 2020 levels
in different regions of the world. The majority of the planes are
currently parked, and although there has been a slight uptick in
operations, it has not been very significant. Many airlines are
also reconsidering their fleet composition and the general
projection is that airlines will cut 20% of their fleet amidst this
pandemic. Wide-bodies have taken the biggest hit because long-haul
flights have come to a standstill and S&P observes that many
airlines have either already retired or are contemplating retiring
wide-bodies from their fleet (in some cases irrespective of their
age).

Aircraft values and lease rates have also come under stress.
According to Ishka, market values of 2015 vintage A320s and B737s
declined 9%-14% from the beginning of the year, while lease rates
have gone down by 5%-9% for the same vintage of aircraft. At the
same time, market values of 2010 vintage A320s and B737s declined
9%-19% with a 12%-29% lease rate decline over the same time
period.

THUNDERBOLT AIRCRAFT LEASE LTD.--TRANSACTION PROFILE

PORTFOLIO

S&P received half-life base values and half-life market values as
of December 2019. The appraisal value S&P uses for its analysis and
cash flow projections is the lower of mean and median of these
half-life values. The lower of mean and median (LMM) value is
further depreciated using S&P's aircraft-specific depreciation
assumptions, from the appraisal date to the current month.

                                   April 2020           April 2017
  No. of aircraft                      15                  19
  Appraisal value (mil. $)         299.325(i)          416.276(ii)
  No. of lessees                      11                   17
  In servicer's possession             2                    0
  Narrow-bodies/wide-bodies (%)    89.5/10.5            91.83/8.17
  Weighted avg. age (years)          15.92                12.60
  Largest lessee (%)            United Airlines    United Airlines

                                     (15%)               (12%)
  No. of 2020 lease expirations      3(iii)               N/A

(i)Lower of mean and median of half-life base values and half-life
market values as of December 2019.
(ii)Lower of mean and median of half-life base values and half-life
market values as of September 2016.
(iii)Includes the two aircraft already in servicer's possession.
N/A--Not applicable.

The portfolio's overall credit quality has also deteriorated under
the current circumstances. The majority of the lessees are not
publicly rated by the rating agency but the portfolio's credit
quality assessment was down on an average by 2.44 notches since the
beginning of the year, which translated into higher default rate
assumptions under S&P's rating stresses. The reported debt service
coverage ratio (DSCR) as of the May 2020 payment date, was 1.54x.
While it has declined over the past few months, it is still above
the threshold of 1.15x that would trigger an early amortization
event. LIABILITIES On the May 2020 payment date, all the classes
were behind on their scheduled principal payment amounts given the
reductions in rent receipts. Interest on the class C notes was paid
using the series C reserve account. The transaction benefits from a
liquidity facility, which covers 17 months' interest on the class A
and B notes. Currently, there has been no drawings under the
facility.

                                     A         B           C
  Original balance (mil. $)         253.400    69.300      22.000
  Current balance-–May 2020 (mil. $)164.496    45.188     
10.717
  Paydowns since closing            88.904    24.112      11.283
  Current LTV(i)                    56.59     72.13       75.82

(i)Used December 2019 LMM as starting value and depreciated it
further based on S&P's assumptions through May 2020.
LTV--Loan-to-value.
LMM--Lower of mean and median.

ASSUMPTIONS USED FOR THE REVIEW

It is currently difficult to quantify the full impact of COVID-19
on U.S. aircraft ABS transactions because current servicer and
issuer reports may not reflect the long-term effect of the pandemic
and the degree and speed of demand for travel remains uncertain
despite reopening.

"Though it is too early to measure the long-term impact of COVID-19
on transaction cash flows, we have identified certain sensitivity
scenarios in the sector, which we believe, could result from the
pandemic. As we develop better clarity on the size and duration of
reductions in transactions' cash flows, we will evaluate whether
adjustments to our sensitivity assumptions and downside projections
are appropriate. Changes in these projections could have an impact
on our estimates, which, in turn, could affect ratings on the
notes," S&P said.

"Two different scenarios were run for our review-–rating runs
based on the criteria assumptions and sensitivity runs to account
for recent changes and challenges in the aviation sector. While the
rating runs were the guiding runs for the current rating actions,
we considered results from incremental sensitivity scenarios to
test the transaction under additional stress," the rating agency
said.

DEFAULT PATTERN

S&P applied defaults evenly over a four-year period during the
first recession under its rating runs but under its sensitivity,
the rating agency also tested more front-loaded default patterns
(e.g., 80%/20%) considering it is already in a recessionary
scenario, which is severely impacting the airlines' liquidity and
credit quality.

RENT DEFERRALS

In its sensitivity analysis, S&P also assumed a percentage of the
non-defaulted lessees to be delinquent on their rent payments for
the first few months of cash flow projections. This is intended to
stress liquidity in line with current events.

LEASE RATE DECLINE AND MAGNITUDE

S&P's sensitivity further tested the transaction by applying
steeper lease rate decline haircuts from the first recession to
account for the fluctuations in the valuation and lease rates under
current circumstances. S&P also assumed that 100% of the lease rate
decline will be applied in the first year of the first recession as
against 50% under its rating stresses.

AIRCRAFT/ENGINE ON GROUND (AOG) TIMES

Under its rating runs, S&P does not differentiate the time to
re-lease between narrow-bodies and wide-bodies, which is typically
six-to-11 months depending upon the rating stress. However, given
the uncertainties of the re-leasing markets in the current
environment, in S&P's sensitivity analysis, the rating agency
assumed longer AOG times and also differentiated the downtime
between narrow-bodies and wide-bodies (e.g., eight-18 months for
narrow-bodies and 12-30 months for wide-bodies).

USEFUL LIFE

While there has been some news about airlines retiring aircraft
older than 20 years, there still seems to be some uncertainty
around how airlines will plan their future fleet. Therefore, under
the sensitivity runs, S&P assumed a 22-year useful life for
aircraft in the portfolio and it also assumed an early retirement
(earlier than 22 years in some cases) for some of the older
aircraft upon the end of their current lease.

SUMMARY OF RATING ACTIONS

While the overall performance is quite stable with higher than
required DSCR level and 17 months of liquidity support on the A and
B notes, there remain some uncertainties under the current market
conditions, especially with near-term lease expirations in the
portfolio and results of the additional sensitivity runs.
Therefore, S&P is extending the CreditWatch negative status for all
the classes.

S&P originally placed this transaction on CreditWatch with negative
implications on March 19, 2020, along with 31 other transactions.
While transactions on CreditWatch are expected to be resolved
within 90 days from the placement date, the three classes from this
transaction are resolved earlier than the 90-day period due to
S&P's regular surveillance schedule.

S&P will continue to review whether the ratings assigned to the
notes remain consistent with the credit enhancement available to
support them and will take further rating actions as it deems
necessary.

Environmental, social, and governance (ESG) factors relevant to the
rating action:

-- Health and safety

  RATINGS REMAINING ON CREDITWATCH NEGATIVE

  Thunderbolt Aircraft Lease Ltd.
                   
  Class         Rating
  A             A (sf)/Watch Neg        
  B             BBB- (sf)/Watch Neg        
  C             BB (sf)/Watch Neg


TODD A. MEAGHER: Sale of IP Rights Denied Without Prejudice
-----------------------------------------------------------
Judge Mark X. Mullin of the U.S. Bankruptcy Court for the Northern
District of Texas denied without prejudice Todd A. Meagher's sale
of certain intellectual property rights to GHER Solutions, LLC
pursuant to their Intellectual Property Purchase and Assignment
Agreement.

The Court finds that the proposed sale is not an ordinary-course
transaction, and may not be consummated without the express
approval of the Court.

The Court further finds that there is insufficient evidence that
the proposed sale is a sound business transaction to benefit the
estate and its creditors, and the Debtor is therefore disallowed
and prohibited from selling the IP Rights that are the subject of
the Motion.

Todd A. Meagher sought Chapter 11 protection (Bankr. N.D. Tex. Case
No. 20-40208) on Jan. 15, 2020.  The Debtor tapped Stephanie
Curtis, Esq., as counsel.



TRAVERSE MIDSTREAM: S&P Downgrades ICR to 'B' on Counterparty Risk
------------------------------------------------------------------
S&P Global Ratings lowered its issuer rating on Traverse Midstream
Partners LLC to 'B' from 'B+'. At the same time, S&P lowered its
issue-level rating on Traverse's $1.43 billion term loan B to 'B'
from 'B+'. S&P's '4' recovery rating is unchanged, indicating its
expectation for average recovery (30%-50%; rounded estimate: 45%)
in the event of a payment default.

S&P's 'B' issuer credit rating on Traverse Midstream reflects
higher than previously expected leverage above 8.5x for the next 12
months and heightened counterparty risk due to deteriorated credit
quality of Rover's and Ohio River's major shippers.

S&P's rating is also based on differentiated credit quality between
the company and its investees, Rover Pipeline and Ohio River.
Traverse does not have other substantive assets and relies on
distributions from the two investees to service its $1.43 billion
term loan B and fully-drawn $50 million revolving credit facility
(unrated). S&P's assessment of Traverse's credit profile
incorporates its financial ratios, as well as Rover's and Ohio
River's cash flow stability, ability to influence investees'
financial policy, and ability to liquidate investments in both
entities to repay the term loan.

"We now forecast average debt to EBITDA of 8.5x-9x and average
EBITDA interest coverage of 2.25x in 2020 and 2021. As a result, we
assess Traverse's financial metrics as negative," S&P said.

"Our assessment takes into account Rover's and Ohio River's
tangible counterparty risk as more than half of their combined
revenue comes from 'CCC+' and 'B-' rated shippers," the rating
agency said.

The multinotch downgrades of Ascent Resources Utica Holdings LLC,
Antero Resources Corp., Gulfport Energy Corp., and Range Resources
Corp. in March indicate an overall deterioration of the shippers'
credit quality. However, counterparty risk is partially mitigated
by letters of credit that can provide 12-18 months of support if
the lower-quality shippers fail to honor their contractual
obligations.

In April 2019, Rover announced a $370 million increase in expected
capital costs related to soil stabilization and slip repair
projects, with about $150 million in capital spending budgeted for
2020. These payments are subordinated to Traverse's debt servicing
and do not affect S&P's EBITDA and leverage assessment. Under the
company's capital contributions agreement, Traverse will fund the
increase with cash on hand and distributions from Rover and Ohio
River after making debt service payments on its term loan and
revolving credit facility. The company may defer Rover's capital
calls until 2022, at which point the capital contributions
agreement expires. In 2019, Traverse's contribution to Rover
amounted to $93 million, and the company currently has a $54
million deferred calls balance. S&P anticipates a $25 million cash
outflow in 2020 related to the capital calls from Rover and a
deferred balance of about $90 million.

"We view Traverse's cash flow stability as positive because we
expect it to receive steady distributions from Rover over the next
two years. Distributions from Rover make up about 80% of Traverse's
EBITDA and are supported by Rover's fully operational status,
pipeline utilization rate of more than 90%, and low maintenance
capital expenditures projected in the medium term. While Rover's
and Ohio River's contract profiles comprise of take-or pay
agreements, we note a relative lack of diversity as more than half
of revenues come from speculative-grade shippers. Also, Ohio River
pipeline's utilization rate remains relatively low, about 55% of
its total capacity," S&P said.

"We assess Traverse's corporate governance and financial policy as
positive, due to significant governance rights over Rover. Traverse
has the right to veto any changes to Rover's distribution policy,
including incurrence of debt above a threshold. In addition, Rover
is required to distribute all of its free cash flows to Traverse
and ET Rover Pipeline LLC, a joint venture between BCP Renaissance
Parent LLC and Energy Transfer L.P. While the governance rights
over Ohio River are not as strong, our assessment remains positive
because it accounts for less than 20% of Traverse's cash flows,"
the rating agency said.

S&P views Traverse's ability to liquidate its investments in Rover
and Ohio River as negative due to their private ownership status.

The stable outlook reflects adequate liquidity supported by lower
expected capital calls from Rover in 2020, cash distributions from
Rover and Ohio River underpinned by take-or-pay contracts, and
letters of credit posted by the shippers. S&P also forecasts
average debt to EBITDA of 8.5x-9x.

S&P could lower its ratings on Traverse if its debt to EBITDA
exceeds 9x or EBITDA interest coverage ratio declines below 1.5x on
a sustained basis. In addition, S&P could lower its ratings if
distributions from Rover or Ohio River decline due to inability of
the shippers to meet their contractual agreements.

Although unlikely at this time, a positive rating action would
require improved credit quality of the shippers and debt to EBITDA
of less than 8.5x on a sustained basis.


TRIUMPH GROUP: Incurs $28.1 Million Net Loss in FY 2019
-------------------------------------------------------
Triumph Group, Inc., reported a net loss of $28.13 million on $2.9
billion of net sales for the year ended March 31, 2020, compared to
a net loss of $321.77 million on $3.36 billion of net sales for the
year ended March 31, 2019.

As of March 31, 2020, the Company had $2.98 billion in total
assets, $987.75 million in total current liabilities, $1.80 billion
in long-term debt (less current portion), $660.06 million in
accrued pension and other postretirement benefits, $7.44 million in
deferred income taxes, $306.17 million in other noncurrent
liabilities, and a total stockholders' deficit of $781.26 million.

Fourth Quarter Fiscal 2020

  * Net sales of $693.1 million

  * Operating loss of $40.3 million with operating margin of
    (5.8%); adjusted operating income of $39.4 million with
    adjusted operating margin of 5.7%

  * Net loss of $75.1 million, or ($1.45) per share; adjusted net
    income of $36.0 million, or $0.69 per diluted share

  * Cash flow provided by operations of $57.4 million, and free
    cash flow of $44.8 million

"The fourth quarter of fiscal 2020 completed a strong year for
Triumph Group, and we delivered on our commitment to generate
positive free cash flow," stated Daniel J. Crowley, Triumph's
president and chief executive officer.  "Military deliveries helped
offset the impacts of the 737 MAX production slow down and effects
of the COVID-19 crisis during the quarter.  Organic revenue
decreased by 6% due to expected declines in Aerospace Structures,
and to a lesser extent Systems & Support.  Systems & Support
margins, excluding impairments and restructuring, were in line with
the prior year, benefitting from improved operational efficiencies
and cost reduction initiatives.  Importantly, we made strong
progress executing our plan to exit legacy programs in Aerospace
Structures, a key initiative that will benefit Triumph in fiscal
2021 and beyond."

Mr. Crowley continued, "Triumph improved profitability and cash
flow year-over-year and entered the commercial downturn with
momentum as a more predictable business as a result of the actions
we've taken to de-risk our portfolio and backlog and stabilize our
cash flows.  Beyond these proactive steps, we recently amended our
credit facility and implemented cost containment actions by
managing our workforce and supply chain to enhance our liquidity
position and ensure financial flexibility in the current operating
environment while supporting the demands of customers."

Mr. Crowley concluded, "Triumph is focused on protecting the health
and safety of our people, conserving our cash and partnering with
our customers to ensure we are well-positioned for recovery for the
benefit of all our stakeholders."

                   Liquidity and Capital Resources

For the fiscal year ended March 31, 2020, the Company had a net
cash inflow of $96.7 million from operating activities, an increase
of $271.1 million, compared with a net cash outflow of $174.4
million for the fiscal year ended March 31, 2019.  The Company
liquidated approximately $89.0 million in prior period customer
advances against current period deliveries.  During the fiscal year
ended March 31, 2019, the Company invested in inventory to support
ramping and existing programs.

In March 2020, in response to anticipated headwinds resulting from
the impact of COVID-19 on the aerospace industry, including the
impact on global air travel, the Company implemented certain cost
reduction actions to improve its financial health, align capacity
with expected demand, and ensure its long-term competitiveness.
This has included the reduction of overhead and indirect staff and
temporary workers and the selective implementation of furloughs
across its business to reduce costs while delivering on customer
commitments.  When combined with reductions in travel, corporate
events, and other expenses, Triumph expects annual savings to
operating cash flows of approximately $120.0 million beginning in
fiscal 2021, although there can be no assurance that the Company
will achieve such synergy in the anticipated amounts and timeline.
Unrelated to COVID-19, the Company currently expects certain
material cash outflows related to the completion of certain
previously announced consolidation and shutdown costs with
sunsetting programs within Aerospace Structures.

Cash flows provided by investing activities for the fiscal year
ended March 31, 2020, decreased $193.2 million from the fiscal year
ended March 31, 2019.  Cash flows provided by investing activities
for the fiscal year ended March 31, 2020, included cash from the
fiscal 2020 sales of assets and businesses of $47.2 million offset
by capital expenditures of $39.8 million.  Cash flows used in
investing activities for the fiscal year ended March 31, 2019,
included cash from the fiscal 2019 divestitures of $247.6 million
offset by capital expenditures of $47.1 million.

Cash flows provided by financing activities for the fiscal year
ended March 31, 2020, were $293.7 million, compared with cash flows
provided by financing activities for the fiscal year ended March
31, 2019, of $32.5 million.  Cash flows provided by financing
activities for the fiscal year ended March 31, 2020, included the
issuance of the Company's Senior Secured Notes due 2024 of $525.0
million, offset by repayment of the Senior Notes due 2021 of $375.0
million, and payment of financing fees of approximately $17.7
million.  Additionally, the Company drew on its Credit Facility,
bringing the outstanding balance as of March 31, 2020, to $400.0
million.  This was done as part of a comprehensive precautionary
approach to increase the Company's cash position and maximize its
financial flexibility, in light of the current volatility in the
global markets resulting from the COVID-19 pandemic.  The Company
has since repaid approximately $200.0 million of the borrowings,
and cash continues to be used to repay the borrowings through an
automated cash sweep mechanism implemented with our lenders.  Cash
flows provided by financing activities for the fiscal year ended
March 31, 2019, included additional borrowings to fund operations.

As of March 31, 2020, the Company had $485.5 million of cash on
hand and $70.3 million was available under the Company's existing
credit agreement.  On March 31, 2020, approximately $22.3 million
in letters of credit were outstanding under the Credit Facility,
all of which were accruing interest at LIBOR plus applicable basis
points totaling approximately 3.50% per annum.  Amounts repaid
under the Credit Facility may be reborrowed.

Triumph Group stated, "We are taking a number of actions to improve
liquidity.  In March 2020, we suspended the declaration and/or
payment of dividends until further notice.  We have furloughed
certain employees and recently announced reductions in force which
we have implemented in the first quarter of fiscal 2021.  We are
reducing discretionary spending as well as reducing or deferring
research and development and capital expenditures. We are also
working with our customers and supply chain to accelerate receipts
and conserve cash.  We are also deferring certain employer payroll
tax payments pursuant to the Coronavirus Aid, Relief, and Economic
Security (CARES) Act.  We expect to take advantage of additional
programs if passed by the federal government.

"We believe, based on an assessment of current market conditions,
that cash flows from operations and borrowings under the Amended
Credit Agreement will be sufficient to meet anticipated cash
requirements for our current operations for at least the next 12
months.  We are evaluating additional funding options from the U.S.
government via the U.S. Treasury and various Federal Reserve
programs.  We are also considering various divestiture
opportunities that should provide liquidity.  However, the COVID-19
crisis is constraining the credit and capital markets and our
ability to access credit and capital markets may be reduced.  In
the event that the overall aviation market experiences delayed
recoveries and divesture opportunities do not occur, the
availability under the Amended Credit Agreement may change or be
fully utilized and additional funding sources may be needed. There
can be no assurance that such funding sources will be available to
us on terms favorable to us, if at all.  We may also seek
transactions to extend the maturity of our indebtedness, reduce
leverage, decrease interest expense or obtain covenant flexibility.
Such transactions could include one or more repurchases or
exchanges of our outstanding indebtedness. These transactions could
increase our total amount of secured indebtedness or be dilutive to
stockholders.  There can be no assurances if or when we will
consummate any such transactions or the timing thereof."

A full-text copy of the Annual Report is available for free at the
Securities and Exchange Commission's website at:

                      https://is.gd/z0Z9TI

                          About Triumph

Headquartered in Berwyn, Pennsylvania, Triumph Group, Inc. --
http://www.triumphgroup.com/-- designs, engineers, manufactures,
repairs and overhauls a broad portfolio of aerospace and defense
systems, components and structures.  The company serves the global
aviation industry, including original equipment manufacturers and
the full spectrum of military and commercial aircraft operators.


TRUDY'S TEXAS: Seeks to Hire a Financial Advisor
------------------------------------------------
Trudy's Texas Star, Inc., seeks authority from the U.S. Bankruptcy
Court for the Western District of Texas to employ a financial
advisor.

The Debtor proposes to employ Dan Bensimon to provide these
financial advisory services in connection with its Chapter 11
case:

      a. assist the Debtor in identifying strategic alternatives
and the option most likely to maximize the benefit to Debtor's
creditors and therefore to the Debtor;

      b. assist the Debtor in preparing descriptive and analytical
tools, including potential projections, regarding strategic
alternatives;

      c. assist the Debtor in the preparation and implementation of
a Plan that efficiently describes the impact to the unsecured
creditors of major transactions by the Debtor;

      d. assist the Debtor in identifying viable assets and
handling those assets in a manner that will generate the maximum
amount of funds to pay the Debtor's creditors; and

      e. consult on terms of sale offers and contracts.

Mr. Bensimon will charge $300 per hour for his services.

Mr. Bensimon assured the court that he is a "disinterested person"
within the meaning of 11 U.S.C. Sec. 101(14).

Mr. Bensimon can be reached at:

     Dan Bensimon
     5810 Tom Wooten Drive
     Austin, TX 78731
     Phone (512) 529-7600
     Fax (512) 795-8431
     Email: dbensimon@austin.rr.com

                 About Trudy's Texas Star

Trudy's Texas Star, Inc. operates a chain of restaurants. Trudy's
Texas Star, Inc., based in Austin, TX, filed a Chapter 11 petition
(Bankr. W.D. Tex. Case No. 20-10108) on January 22, 2020. The Hon.
Tony M. Davis presides over the case. Stephen W. Sather, Esq., at
Barron & Newburger, PC, serves as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Stephen
Truesdel, authorized representative.


TRUDY'S TEXAS: Seeks to Hire Pharr Bounds as Accountant
-------------------------------------------------------
Trudy's Texas Star, Inc., seeks authority from the U.S. Bankruptcy
Court for the Western District of Texas to employ Pharr Bounds &
Zaversnik LLP as ordinary course professional to prepare and file
the Debtors' 2019 and any subsequent annual state and federal
corporate tax returns.

PBZ’s current hourly rates are:

     Partners            $240
     Managers            $170
     Staff Accountants   $100

The firm can be reached through:

     Melisa Zaversnik, CPA
     Pharr Bounds & Zaversnik LLP
     5750 Balcones Dr, Suite 208
     Austin, TX 78731
     Tel: (512) 458-2178
     Fax: (512) 458-8376
     Email: melisa@pbzllp.com

                   About Trudy's Texas Star

Trudy's Texas Star, Inc. operates a chain of restaurants. Trudy's
Texas Star, Inc., based in Austin, TX, filed a Chapter 11 petition
(Bankr. W.D. Tex. Case No. 20-10108) on January 22, 2020. The Hon.
Tony M. Davis presides over the case. Stephen W. Sather, Esq., at
Barron & Newburger, PC, serves as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Stephen
Truesdel, authorized representative.


TRUDY'S TEXAS: Texas Tax Group as Sales Tax Consultant
------------------------------------------------------
Trudy's Texas Star, Inc., seeks authority from the U.S. Bankruptcy
Court for the Western District of Texas to employ Texas Tax Group,
Inc. as its sales tax consultants.

Prior to the filing of these chapter 11 cases, the Texas
Comptroller of Public Accounts initiated a routine audit of Trudy's
books and records with respect to sales and use taxes owed to the
Comptroller. Based on a preliminary review, the Texas Comptroller
believes that Trudy's owes approximately $567,000 in sales and use
taxes, which the Debtors dispute. The Debtors require professional
assistance with respect to preparing for, conducting, and
potentially addressing the results of the audit.

Trudy's Texas requires Texas Tax to:

   -- prepare for the audit;

   -- identify records;

   -- do tax research;

   -- develop an audit strategy;

   -- provide record management;

   -- represent Trudy's in various conferences with the Texas
Comptroller auditors;

   -- file for a redetermination hearing and protesting audit
results.

Texas Tax will be entitled to compensation of:

-- Its standard hourly rates of $225 per hour by consultants and
staff for all services provided that are reasonably necessary or
appropriate to perform the services within the scope of the
Engagement Agreement and $100 per hour for non-working travel time
between Texas Tax's Austin office and any location to which a
consultant must travel to perform such services; and

-- Reimbursement of out-of-pocket expenses actually incurred by
Texas Tax arising from the engagement.

The Debtor paid Texas Tax a $3,000 retainer prepetition of which
$2,720 remained on the Petition Date.

Dino Marcaccio, president, Texas Tax Group, Inc., assured the court
that the firm is a “disinterested person” within the meaning of
Bankruptcy Code Sec. 101(14)

The firm can be reached through:

     Dino Marcaccio
     Texas Tax Group, Inc.
     9950 Westpark Drive, Suite 430
     Houston, TX, 77063
     Tel: (855) 892-8348
     Fax: 877-866-4715
     Email: dino.marcaccio@texastaxgroup.com

                      About Trudy's Texas Star

Trudy's Texas Star, Inc. operates a chain of restaurants. Trudy's
Texas Star, Inc., based in Austin, TX, filed a Chapter 11 petition
(Bankr. W.D. Tex. Case No. 20-10108) on January 22, 2020. The Hon.
Tony M. Davis presides over the case. Stephen W. Sather, Esq., at
Barron & Newburger, PC, serves as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Stephen
Truesdel, authorized representative.


ULTRA PETROLEUM: Haynes, Strook Represent Term Lender Group
-----------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firms of Stroock & Stroock & Lavan LLP and Haynes and
Boone, LLP submitted a verified statement that they are
representing the Ad Hoc Group of Term Lender Group in the Chapter
11 cases of Ultra Petroleum Corp., et al.

On July 1, 2019, certain members of the Ad Hoc Group of Term
Lenders retained Stroock & Stroock & Lavan LLP as counsel in
connection with a potential restructuring of the Debtors. The Ad
Hoc Group of Term Lenders subsequently retained Haynes and Boone,
LLP as local counsel when informed by the Debtors that they would
pursue a reorganization in the United States Bankruptcy Court for
the Southern District of Texas. Since its formation, certain
additional lender parties joined and left the Ad Hoc Group of Term
Lenders.

Stroock represents only the Ad Hoc Group of Term Lenders and does
not represent or purport to represent any persons or entities other
than the Ad Hoc Group of Term Lenders in connection with the
Debtors' chapter 11 cases. Furthermore, as of the filing of this
Verified Statement, Haynes and Boone represents only the Ad Hoc
Group of Term Lenders and does not represent or purport to
represent any persons or entities other than the Ad Hoc Group of
Term Lenders in connection with the Debtors' chapter 11 cases. In
addition, as of the date of this Verified Statement, the Ad Hoc
Group of Term Lenders, both collectively and through its individual
members, does not represent or purport to represent any other
entities in connection with the Debtors' chapter 11 cases.

As of May 19, 2020, members of the Ad Hoc Group of Term Lenders and
their disclosable economic interests are:

Bain Capital Credit LP
200 Clarendon Street
Boston, MA 02116

* $83,756,284.00 principal amount of Term Loans
* $6,921,723.00 principal amount of Second Lien Notes

Citadel Equity Fund Ltd.
c/o Citadel Advisors LLC
601 Lexington Avenue
New York, NY 10022

* $379,707,667.14 principal amount of Term Loans
* $183,716,028.00 principal amount of Second Lien Notes
* $5,750,000.00 principal amount of 6.875% Notes

Cross Ocean Partners Management LP
20 Horseneck Lane
Greenwich, CT 06830

* $31,427,493.00 principal amount of Term Loans

CVC Credit Partners LLC
712 Fifth Avenue, 42nd Floor
New York, NY 10019

* $20,685,472.35 principal amount of Term Loans

FS Energy and Power Fund
201 Rouse Boulevard
Philadelphia, PA 19112

* $10,235,489.88 principal amount of Term Loans

GoldenTree Asset Management LP
300 Park Avenue
New York, NY 10022

* $62,464,994.73 principal amount of Term Loans

GC Finance Operation II, Inc.
200 Park Avenue, 25th Floor
New York, NY 10166

* $9,910,966.62 principal amount of Term Loans

Investcorp Credit Management US LLC
280 Park Avenue
New York, NY 10017

* $12,565,919.00 principal amount of Term Loans

Nuveen Alternatives Advisors LLC
730 Third Avenue
New York, NY 10017

* $36,001,583.72 principal amount of Term Loans

Oak Hill Advisors LP
1114 Avenue of the Americas, 27th Floor
New York, NY 10036

* $16,653,017.99 principal amount of Term Loans

Oaktree Capital Management LP
333 South Grand Ave, 28th Floor
Los Angeles, CA 90071

* $86,227,815.04 principal amount of Term Loans
* $45,674,199.00 principal amount of Second Lien Notes

Sculptor Capital L.P.
9 W 57th Street, 39th Floor
New York, NY 10019

* $54,903,113.71 principal amount of Term Loans

Taconic Capital Advisors LP
280 Park Avenue, 5th Floor
New York, NY 10017

* $28,751,269.00 principal amount of Term Loans
* $25,748,000.00 principal amount in 7.125% Notes

Wells Fargo Bank, NA
550 S. Tyron St. 4 Floor
Charlotte, NC 28202

* $9,662,471.36 principal amount of Term Loans

ZAIS Group LLC
101 Crawfords Corner Road, Suite 1206
Holmdel, NJ 07733

* $22,795,223.21 principal amount of Term Loans

Counsel for the Ad Hoc Group of Term Lenders can be reached at:

          HAYNES AND BOONE, LLP
          Charles A. Beckham, Jr., Esq.
          Kelli S. Norfleet, Esq.
          Arsalan Muhammad, Esq.
          1221 McKinney Street, Suite 2100
          Houston, TX 77010
          Telephone: (713) 547-2000
          Facsimile: (713) 547-2600
          E-mail: charles.beckham@haynesboone.com
                  kelli.norfleet@haynesboone.com
                  arsalan.muhammad@haynesboone.com

                - and -

           STROOCK & STROOCK & LAVAN LLP
           Jayme T. Goldstein, Esq.
           Christopher M. Guhin, Esq.
           Emily L. Kuznick, Esq.
           180 Maiden Lane
           New York, NY 10038
           Telephone: 212-806-5400
           Facsimile: 212-806-6006
           E-mail: jgoldstein@stroock.com
                   cguhin@stroock.com
                   ekuznick@stroock.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/YpMbnA and https://is.gd/Fozbva

                    About Ultra Petroleum

Ultra Petroleum Corp., an independent oil and gas company, engages
in the acquisition, exploration, development, operation, and
production of oil and natural gas properties.  Its principal
business activities are developing its natural gas reserves in the
Green River Basin of southwest Wyoming, the Pinedale and Jonah
fields.  The company was founded in 1979 and is headquartered in
Englewood, Colorado.

Ultra Petroleum Corp. and its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 20-32631) on May 14,
2020.

The Debtor disclosed total assets of $1.45 billion and total debt
of $2.56 billion as of March 31, 2020.

The Hon. Marvin Isgur is the case judge.

The Debtors tapped KIRKLAND & ELLIS LLP as general bankruptcy
counsel; JACKSON WALKER LLP as local bankruptcy counsel; CENTERVIEW
PARTNERS LLC as investment banker; and FTI CONSULTING, INC. as
financial advisor.  Prime Clerk LLC is the claims agent.


V.S. INVESTMENT: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: V.S.  Investment Assoc LLC
        4415 Priest Point Dr. NW
        Marysville, WA 98271-6814

Chapter 11 Petition Date: May 29, 2020

Court: United States Bankruptcy Court
       Western District of Washington

Case No.: 20-11541

Judge: Hon. Christopher M. Alston

Debtor's Counsel: Brad Puffpaff, Esq.
                  BOUNTIFUL LAW PLLC
                  4620 200th Street, Suite D
                  Lynnwood, WA 98036
                  Tel: 425-775-9700

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Valentin Stelmakh, member.

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/CKOIrU


VISION GROUP: Files Voluntary Chapter 11 Bankruptcy Petition
------------------------------------------------------------
LVI Intermediate and 17 of its affiliates including the Laser
Vision Institute and TLC Laser Eye Center brands, doing business as
Vision Group Holdings, on May 30, 2020, filed for voluntary
protection from creditors in Delaware under Chapter 11 of the U.S.
Bankruptcy Code.

The filing will facilitate the sale of the company's business as a
going concern.  The company's plan is to quickly transition to a
new ownership group through an expected 90-day process and use the
time to restructure and strengthen its balance sheet and debt
profile, while continuing to operate normally.  The company's
investment banking advisor reports strong interest from multiple
potential acquirors, including the company's current financial
backers.  The company expects to close a sale sometime in
September.

"The action we're taking is largely the result of the negative
impact that the COVID-19 pandemic has had on the economy," said
Lisa Melamed, Interim Chief Executive Officer for Vision Group
Holdings.

Based in West Palm Beach, Vision Group Holdings oversees and
manages two of the leading LASIK surgery providers in the nation:
The LASIK Vision Institute and TLC Laser Eye Centers.  The company
has performed more than 3.2 million LASIK eye procedures and is the
industry leader as it serves multiple markets -- 63 cities -- in
the U.S. and Canada.

The planned sale will position the company for future growth,
provide access to capital, and cement the company's industry
leading position.

Ms. Melamed confirmed that stay-in-place orders and the mandatory
closure of non-essential businesses including elective medical
procedures forced the company to close all locations and
temporarily lay off most of its team members.  She advised however,
"while our centers were closed in response to the pandemic, we are
excited to report that we have started to reopen and are currently
treating new patients."

"We expect to emerge from the proceedings stronger and more viable
than ever for team members, surgeons, patients and partners," she
added.  "Already we are seeing strong demand for our services at
the centers we've reopened."



YAK ACCESS: Moody's Cuts CFR to B3, Outlook Stable
--------------------------------------------------
Moody's Investors Service downgraded Yak Access, LLC's Corporate
Family Rating to B3 from B2, its Probability of Default Rating to
B3-PD from B2-PD, its first lien credit facilities including its
$680 million 1st lien term loan and its $125 million revolving line
of credit to B2 from B1, and the rating on its $180 million 2nd
lien term loan to Caa2 from Caa1. The ratings outlook remains
stable.

"The downgrade of Yak Access, LLC's ratings reflect the company's
rising debt levels, weakening operating results, deteriorating
credit metrics and somewhat weak liquidity, and the expectation its
operating performance will remain under pressure in the near term
due to weakness in its key midstream pipeline end market," said
Michael Corelli, Moody's Senior Vice President and lead analyst for
Yak Access, LLC.

Downgrades:

Issuer: Yak Access, LLC

Corporate Family Rating, Downgraded to B3 from B2

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

Gtd. Senior Secured 1st Lien Term Loan, Downgraded to B2 (LGD3)
from B1 (LGD3)

Gtd 1st Lien Secured Bank Revolver, Downgraded to B2 (LGD3) from B1
(LGD3)

Gtd. Senior Secured 2nd Lien Term Loan, Downgraded to Caa2 (LGD5)
from Caa1 (LGD5)

Outlook Actions:

Issuer: Yak Access, LLC

Outlook, Remains Stable

RATINGS RATIONALE

Yak Access, LLC's B3 corporate family rating reflects its low
interest coverage, somewhat weak liquidity, high absolute level of
debt at about 200% of LTM revenues, its relatively small scale,
limited end market diversity, moderate customer concentration and
the cyclicality of its key midstream pipeline end market, which has
somewhat weak near-term prospects. The rating is supported by its
moderate, although rising financial leverage. The rating also
reflects its strong market position with only a few major
competitors in the end markets it serves, with many of those
competitors unable to provide the same breadth and volume of
products and range of services. In addition, the company serves
mostly blue-chip customers in the midstream pipeline and power line
sectors.

The rapid and widening spread of the coronavirus outbreak and the
deteriorating global economic outlook have created a severe and
extensive credit shock across many sectors, regions and markets.
The combined credit effects of these developments are
unprecedented. The oil & gas sector has been one of the sectors
most significantly affected by the shock given its sensitivity to
consumer demand and sentiment. Its action partly reflects the
impact on Yak from the breadth and severity of the coronavirus
shock and its impact on the midstream pipeline sector. Moody's
regards the coronavirus outbreak as a social risk under its ESG
framework, given the substantial implications for public health and
safety.

Yak's operating performance has begun to weaken in 2020 due to
lower mat utilization resulting from reduced project activity and
project delays in the midstream pipeline sector, lower margins on
mat sales and fewer new mat leases. This has occurred after the
company increased its borrowings last year to fund the expansion of
its inventory of longer lasting mats and the acquisition of Klein's
Restoration Services in July 2019. As a result, Yak's credit
metrics have moderately weakened with its adjusted leverage ratio
rising to 4.5x (Debt/EBITDA) in March 2020 from 4.1x in December
2018 and its interest coverage declining to 1.1x (EBITA/Interest)
from 1.8x. Moody's does not expect these metrics to materially
change during the remainder of 2020 due to weakness in midstream
pipeline project activity resulting from lower oil & gas demand,
production and prices.

Yak's liquidity has materially weakened over the past year due to
the Klein's acquisition and elevated purchases of longer lasting
mats. It had $30.3 million of cash and $2.75 million of
availability on its $125 million revolver, which had outstanding
borrowings of $122.75 million as of March 2020. Moody's expects the
company to maintain an adequate liquidity profile since it will
generate positive free cash flow during the remainder of 2020 as it
reduces its investments in new mats. The company has no meaningful
debt maturities prior to the maturity of the revolver in July 2023,
but has required annual term loan payments of $34 million.

The stable ratings outlook presumes the company's operating results
will moderately weaken over the next 12 to 18 months, but its
liquidity will strengthen, and it will maintain credit metrics that
support its rating.

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

The ratings could be upgraded if the company sustains its profit
margins, enhances its scale and end market diversity and raises its
interest coverage above 1.5x on a sustained basis. However, its
relatively small scale will limit its upside ratings potential.

Negative rating pressure could develop if the company has a weaker
than expected operating performance that results in negative free
cash flow and a deterioration in its credit metrics. The leverage
ratio rising above 5.5x or the interest coverage ratio persisting
below 1.0x could lead to a downgrade. A moderate reduction in
liquidity could also result in a downgrade.

Yak Access, LLC, headquartered in East Columbia, Mississippi, is a
specialty equipment leasing and logistics company focused on
temporary access solutions to remote construction sites mostly
serving energy infrastructure repair and development work in North
America. The company generated revenues of $483 million during the
twelve months ended March 31, 2020. Platinum Equity owns 50.1% of
Yak Access, LLC and the Jones Companies and Beasley Forest Products
jointly own the other 49.9%.

The principal methodology used in these ratings was Construction
Industry published in March 2017.


YRC WORLDWIDE: S&P Downgrades ICR to 'CCC'; Outlook Negative
------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Overland
Park, Kan.-based less-than-truckload and logistics company YRC
Worldwide Inc. to 'CCC' from 'CCC+'. At the same time, S&P lowered
its issue-level rating on the company's term loan to 'CCC+' from
'B-'.

"The downgrade reflects our view that YRC's 2020 EBITDA will be
negatively affected by the coronavirus pandemic. Following an
industry recession in 2019, the freight industry and U.S. economy
have experienced significant declines due to the coronavirus
pandemic. While YRC plays an important role in the North American
supply chain and continues to serve its customers to keep essential
freight and medical supplies moving across the continent, the
company has a significant customer concentration in the
manufacturing and retail industries, which will likely face lower
volumes due to factory and store closures. Overall, this, along
with its heavy pension burden, leads S&P to believe that its
capital structure will be unsustainable over the long term," S&P
said.

Because of the effects of COVID-19 on its business, YRC does not
believe its operating results will allow it to comply with its
financial covenants as of March 31, 2021. Under its term loan
agreement, YRC is required to maintain at least $200 million of
covenant-adjusted EBITDA on a trailing-12-month basis. While the
company successfully obtained relief from this covenant for the
remainder of 2020, management does not expect its operating results
to allow it to remain in compliance with the minimum EBITDA
covenant as of March 31, 2021, based on YRC's projections and the
effect COVID-19 had on its business in 2020. YRC has stated that it
intends to amend its term loan again, which--in S&P's
view--increases the likelihood of a distressed exchange in the next
12 months.

YRC's actions to preserve its liquidity have improved its cash
balances. YRC has increased it cash, in part, through layoffs,
furloughs, the further elimination of short-term incentive
compensation, and the reduction of its capital expenditure, as well
as by seeking payment deferrals from various parties. Additionally,
following the April 2020 amendment to its term loan agreement, most
of the interest the company owed in the first half of 2020 is now
payment-in-kind (PIK) rather than cash. YRC also benefits from the
Coronavirus Aid, Relief, and Economic Security (CARES) Act, which
provides it with temporary relief from the payment of employer
payroll taxes and non-union pension payments. Due to these actions,
among others, the company's cash and cash equivalents and managed
accessibility under its asset-based lending (ABL) facility
increased to $118 million as of March 31, 2020, from $80.4 million
as of Dec. 31, 2019. The company does not face any significant debt
principal maturities and only about $4 million of loan and lease
maturities annually until the approximately $70 million
second-amended and restated contribution deferral agreement becomes
due in 2022.

The company's improved liquidity position relative to its year-end
2019 levels provides it with some additional headroom if its
earnings significantly decline due to the coronavirus and
recessionary environment this year. In general, YRC has significant
capital expenditure requirements focused primarily on the
replacement of revenue-generating equipment. If the company cannot
fund its capital requirements, it may have to operate its revenue
equipment (including tractors and trailers) for longer than
originally planned. This would lead to higher maintenance costs,
which could further reduce its earnings. Overall,  view YRC's
liquidity as less than adequate due, in part, to the limited
headroom under its financial maintenance covenants.

S&P believe the company will remain highly leveraged given its
contingent exposure to substantially underfunded Teamster
multiemployer pension plans (MEPPs).  YRC's credit metrics remain
stretched, which reflects its high debt levels and the significant
off-balance sheet, debt-like obligations related to its mostly
union workforce. The most substantial of these is about $8 billion
of contingent obligations related to MEPPs.

Environmental, social, and governance (ESG) credit factors for this
credit rating change:

-- Health and safety

The negative outlook reflects that YRC does not believe its results
will allow it to comply with its minimum adjusted EBITDA covenant
as of March 31, 2021, due to the effects of COVID-19 on its
business.

S&P could lower its rating on YRC if it believes a distressed debt
exchange, restructuring, or default is highly likely.

S&P could take a positive rating action on YRC if it no longer view
a covenant violation or an event that it would classify as a
default as likely and expect the company to maintain sufficient
liquidity over the next 12 months.


[*] Bankruptcies Increase as Pandemic Squeezes Cash
---------------------------------------------------
Vince Sullivan, writing for Law360, reports that in the 2 1/2
months since COVID-19 created a national emergency in the United
States, dozens of companies have tilted into bankruptcy in the
retail, travel and energy sectors, and a former bankruptcy judge
predicts the turmoil will spread further through the economy in the
coming months.

The already-struggling retail sector has been hit particularly hard
by the pandemic as customer foot traffic dissolved almost overnight
in response to government-imposed business restrictions.

Retired U.S. Bankruptcy Judge Melanie Cyganowski, now at Otterbourg
PC, told Law360 that retail businesses had been suffering from the
"Amazon effect" for years and that the coronavirus was the final
challenge that many couldn't overcome.

Cyganowski said that as restrictions are slowly eased nationwide,
businesses won't return to normal immediately and more retail
operations may start running low on the cash they've relied on to
ride out the crisis.

Cyganowski said the travel and retail industries will continue to
struggle, probably through the end of 2020, as society continues
returning to normal, Law360 relates.

In the next few months, though, Cyganowski anticipates a glut of
personal bankruptcies as employees whose jobs were put on hold
during the peak of the pandemic may not have positions to return
to, Law360 adds. While those workers have benefited from government
aid, increased unemployment payments, and forbearance on mortgages
and loan payments, those programs won't last indefinitely.

"At some point, the pressure is going to reach a breaking point,"
Cyganowski said, referring to individuals who have lost their jobs,
Law360 relays. "You're going to be looking at Chapter 7s. I think
that's the overlooked thing, given the multiplicity of the large
companies filing for bankruptcy."

Companies that have laid off or furloughed significant numbers of
employees may find that they are able to continue operations once
they reopen with a much smaller workforce, which would further
drive personal insolvency cases, she said, Law360 adds.

Hospitals may be the next domino to fall after money-making
elective procedures came to a standstill for several months as
medical facilities geared up for an anticipated tsunami of COVID-19
cases, Law360 relays.

Law360 recaps that in the retail sector, J.C. Penney, Neiman
Marcus, J. Crew have sought bankruptcy in May 2020.  Other small
players like home decor chain Pier 1 Imports, restaurant chain
owner CraftWorks Parent, and Art Van Furniture have also sought
bankruptcy and/or liquidation.

In the travel sector, regional Alaskan airline Ravn Air Group,
Colombian airline Avianca, Chile's LATAM Airline, and Norwegian Air
have also sought bankruptcy protection or have gone into insolvency
in April and May, Law360 adds.  Hertz Global and Advantage Rent A
Car have also followed suit.

In the energy industry, Law360 cites, Hornbeck Offshore Services
filed for bankruptcy with a prepackaged restructuring plan and
Ultra Petroleum Corp sought bankruptcy after failing to make a $13
million debt payment.


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------

                                               Total
                                              Share-       Total
                                   Total    Holders'     Working
                                  Assets      Equity     Capital
  Company         Ticker            ($MM)       ($MM)       ($MM)
  -------         ------          ------    --------     -------
ABBVIE INC        ABBV US       91,199.0    (7,415.0)   35,287.0
ABBVIE INC        4AB TE        91,199.0    (7,415.0)   35,287.0
ABBVIE INC        ABBV AV       91,199.0    (7,415.0)   35,287.0
ABBVIE INC        4AB GZ        91,199.0    (7,415.0)   35,287.0
ABBVIE INC        4AB TH        91,199.0    (7,415.0)   35,287.0
ABBVIE INC        4AB QT        91,199.0    (7,415.0)   35,287.0
ABBVIE INC        ABBVEUR EU    91,199.0    (7,415.0)   35,287.0
ABBVIE INC        4AB GR        91,199.0    (7,415.0)   35,287.0
ABBVIE INC        ABBV SW       91,199.0    (7,415.0)   35,287.0
ABBVIE INC        ABBV* MM      91,199.0    (7,415.0)   35,287.0
ABBVIE INC-BDR    ABBV34 BZ     91,199.0    (7,415.0)   35,287.0
ABSOLUTE SOFTWRE  ALSWF US         108.7       (44.7)      (26.3)
ABSOLUTE SOFTWRE  ABT CN           108.7       (44.7)      (26.3)
ABSOLUTE SOFTWRE  OU1 GR           108.7       (44.7)      (26.3)
ABSOLUTE SOFTWRE  ABT2EUR EU       108.7       (44.7)      (26.3)
ACCELERATE DIAGN  1A8 GR           120.0       (22.9)      100.1
ACCELERATE DIAGN  AXDX US          120.0       (22.9)      100.1
ACCELERATE DIAGN  1A8 SW           120.0       (22.9)      100.1
ACCELERATE DIAGN  AXDX* MM         120.0       (22.9)      100.1
ADAPTHEALTH CORP  AHCO US          661.8       (29.4)        3.4
AGENUS INC        AJ81 GZ          180.1      (175.6)      (24.6)
AGENUS INC        AJ81 TH          180.1      (175.6)      (24.6)
AGENUS INC        AGENEUR EU       180.1      (175.6)      (24.6)
AGENUS INC        AGEN US          180.1      (175.6)      (24.6)
AMER RESTAUR-LP   ICTPU US          33.5        (4.0)       (6.2)
AMERICA'S CAR-MA  CRMT US          562.1      (246.9)      447.6
AMERICA'S CAR-MA  HC9 GR           562.1      (246.9)      447.6
AMERICA'S CAR-MA  CRMTEUR EU       562.1      (246.9)      447.6
AMERICAN AIR-BDR  AALL34 BZ     58,580.0    (2,636.0)  (12,038.0)
AMERICAN AIRLINE  AAL TE        58,580.0    (2,636.0)  (12,038.0)
AMERICAN AIRLINE  A1G SW        58,580.0    (2,636.0)  (12,038.0)
AMERICAN AIRLINE  A1G GZ        58,580.0    (2,636.0)  (12,038.0)
AMERICAN AIRLINE  AAL11EUR EU   58,580.0    (2,636.0)  (12,038.0)
AMERICAN AIRLINE  AAL AV        58,580.0    (2,636.0)  (12,038.0)
AMERICAN AIRLINE  A1G QT        58,580.0    (2,636.0)  (12,038.0)
AMERICAN AIRLINE  AAL US        58,580.0    (2,636.0)  (12,038.0)
AMERICAN AIRLINE  AAL* MM       58,580.0    (2,636.0)  (12,038.0)
AMERICAN AIRLINE  A1G GR        58,580.0    (2,636.0)  (12,038.0)
AMERICAN AIRLINE  A1G TH        58,580.0    (2,636.0)  (12,038.0)
AMYRIS INC        AMRS US          167.3      (176.1)     (107.3)
AMYRIS INC        3A01 TH          167.3      (176.1)     (107.3)
AMYRIS INC        AMRSEUR EU       167.3      (176.1)     (107.3)
AQUESTIVE THERAP  AQST US           64.5       (20.8)       35.7
AUTODESK I - BDR  A1UT34 BZ      5,543.9      (139.1)     (554.0)
AUTODESK INC      AUD GR         5,543.9      (139.1)     (554.0)
AUTODESK INC      ADSK US        5,543.9      (139.1)     (554.0)
AUTODESK INC      AUD TH         5,543.9      (139.1)     (554.0)
AUTODESK INC      ADSKEUR EU     5,543.9      (139.1)     (554.0)
AUTODESK INC      ADSK TE        5,543.9      (139.1)     (554.0)
AUTODESK INC      AUD GZ         5,543.9      (139.1)     (554.0)
AUTODESK INC      ADSK AV        5,543.9      (139.1)     (554.0)
AUTODESK INC      ADSK* MM       5,543.9      (139.1)     (554.0)
AUTODESK INC      AUD QT         5,543.9      (139.1)     (554.0)
AUTOZONE INC      AZ5 TH        12,902.1    (1,632.7)     (371.1)
AUTOZONE INC      AZ5 GR        12,902.1    (1,632.7)     (371.1)
AUTOZONE INC      AZ5 GZ        12,902.1    (1,632.7)     (371.1)
AUTOZONE INC      AZO AV        12,902.1    (1,632.7)     (371.1)
AUTOZONE INC      AZ5 TE        12,902.1    (1,632.7)     (371.1)
AUTOZONE INC      AZO* MM       12,902.1    (1,632.7)     (371.1)
AUTOZONE INC      AZO US        12,902.1    (1,632.7)     (371.1)
AUTOZONE INC      AZOEUR EU     12,902.1    (1,632.7)     (371.1)
AUTOZONE INC      AZ5 QT        12,902.1    (1,632.7)     (371.1)
AVID TECHNOLOGY   AVID US          308.4      (161.5)       11.8
AVID TECHNOLOGY   AVD GR           308.4      (161.5)       11.8
B RILEY PRINCIPA  BMRG/U US          0.0        (0.0)       (0.0)
BENEFITFOCUS INC  BNFTEUR EU       313.6       (42.5)      102.0
BENEFITFOCUS INC  BTF GR           313.6       (42.5)      102.0
BENEFITFOCUS INC  BNFT US          313.6       (42.5)      102.0
BLOOM ENERGY C-A  1ZB TH         1,312.6      (259.2)      177.2
BLOOM ENERGY C-A  BE US          1,312.6      (259.2)      177.2
BLOOM ENERGY C-A  1ZB GR         1,312.6      (259.2)      177.2
BLOOM ENERGY C-A  BE1EUR EU      1,312.6      (259.2)      177.2
BLOOM ENERGY C-A  1ZB QT         1,312.6      (259.2)      177.2
BLUE BIRD CORP    4RB GR           396.1       (65.1)       24.8
BLUE BIRD CORP    4RB GZ           396.1       (65.1)       24.8
BLUE BIRD CORP    BLBDEUR EU       396.1       (65.1)       24.8
BLUE BIRD CORP    BLBD US          396.1       (65.1)       24.8
BOEING CO-BDR     BOEI34 BZ    143,075.0    (9,360.0)   16,509.0
BOEING CO-CED     BA AR        143,075.0    (9,360.0)   16,509.0
BOEING CO-CED     BAD AR       143,075.0    (9,360.0)   16,509.0
BOEING CO/THE     BA TE        143,075.0    (9,360.0)   16,509.0
BOEING CO/THE     BCO GR       143,075.0    (9,360.0)   16,509.0
BOEING CO/THE     BAEUR EU     143,075.0    (9,360.0)   16,509.0
BOEING CO/THE     BA EU        143,075.0    (9,360.0)   16,509.0
BOEING CO/THE     BOE LN       143,075.0    (9,360.0)   16,509.0
BOEING CO/THE     BCO TH       143,075.0    (9,360.0)   16,509.0
BOEING CO/THE     BOEI BB      143,075.0    (9,360.0)   16,509.0
BOEING CO/THE     BA US        143,075.0    (9,360.0)   16,509.0
BOEING CO/THE     BA SW        143,075.0    (9,360.0)   16,509.0
BOEING CO/THE     BA* MM       143,075.0    (9,360.0)   16,509.0
BOEING CO/THE     BAUSD SW     143,075.0    (9,360.0)   16,509.0
BOEING CO/THE     BCO GZ       143,075.0    (9,360.0)   16,509.0
BOEING CO/THE     BA AV        143,075.0    (9,360.0)   16,509.0
BOEING CO/THE     BCO QT       143,075.0    (9,360.0)   16,509.0
BOEING CO/THE     BA CI        143,075.0    (9,360.0)   16,509.0
BOEING CO/THE TR  TCXBOE AU    143,075.0    (9,360.0)   16,509.0
BOMBARDIER INC-B  BBDBN MM      24,127.0    (5,365.0)   (1,093.0)
BRINKER INTL      EAT US         2,585.4      (574.7)     (204.7)
BRINKER INTL      BKJ GR         2,585.4      (574.7)     (204.7)
BRINKER INTL      BKJ QT         2,585.4      (574.7)     (204.7)
BRINKER INTL      EAT2EUR EU     2,585.4      (574.7)     (204.7)
BRP INC/CA-SUB V  B15A GR        4,236.8      (793.6)     (194.9)
BRP INC/CA-SUB V  DOOO US        4,236.8      (793.6)     (194.9)
BRP INC/CA-SUB V  B15A GZ        4,236.8      (793.6)     (194.9)
BRP INC/CA-SUB V  DOOEUR EU      4,236.8      (793.6)     (194.9)
BRP INC/CA-SUB V  DOO CN         4,236.8      (793.6)     (194.9)
CADIZ INC         CDZI US           74.1       (19.7)        6.7
CADIZ INC         CDZIEUR EU        74.1       (19.7)        6.7
CADIZ INC         2ZC GR            74.1       (19.7)        6.7
CAMPING WORLD-A   C83 GR         3,402.6      (184.4)      378.4
CAMPING WORLD-A   CWHEUR EU      3,402.6      (184.4)      378.4
CAMPING WORLD-A   C83 TH         3,402.6      (184.4)      378.4
CAMPING WORLD-A   C83 QT         3,402.6      (184.4)      378.4
CAMPING WORLD-A   CWH US         3,402.6      (184.4)      378.4
CATASYS INC       CATS US           22.9       (27.5)        4.4
CATASYS INC       HY1N GR           22.9       (27.5)        4.4
CATASYS INC       CATSEUR EU        22.9       (27.5)        4.4
CATASYS INC       HY1N GZ           22.9       (27.5)        4.4
CDK GLOBAL INC    C2G QT         2,964.8      (621.2)      315.2
CDK GLOBAL INC    CDK* MM        2,964.8      (621.2)      315.2
CDK GLOBAL INC    C2G TH         2,964.8      (621.2)      315.2
CDK GLOBAL INC    CDKEUR EU      2,964.8      (621.2)      315.2
CDK GLOBAL INC    C2G GR         2,964.8      (621.2)      315.2
CDK GLOBAL INC    CDK US         2,964.8      (621.2)      315.2
CEDAR FAIR LP     FUN US         2,389.5      (274.2)      (84.9)
CHESAPEAKE E-BDR  CHKE34 BZ      7,808.0    (3,924.0)     (442.0)
CHESAPEAKE ENERG  CHK* MM        7,808.0    (3,924.0)     (442.0)
CHEWY INC- CL A   CHWY US          932.3      (404.0)     (470.7)
CHOICE HOTELS     CZH GR         1,704.0       (43.9)      275.9
CHOICE HOTELS     CHH US         1,704.0       (43.9)      275.9
CINCINNATI BELL   CBBEUR EU      2,599.6      (188.7)     (124.9)
CINCINNATI BELL   CBB US         2,599.6      (188.7)     (124.9)
CINCINNATI BELL   CIB1 GR        2,599.6      (188.7)     (124.9)
CITRIX SYS BDR    C1TX34 BZ      4,331.2      (218.9)     (413.0)
CITRIX SYSTEMS    CTX GR         4,331.2      (218.9)     (413.0)
CITRIX SYSTEMS    CTX TH         4,331.2      (218.9)     (413.0)
CITRIX SYSTEMS    CTXS TE        4,331.2      (218.9)     (413.0)
CITRIX SYSTEMS    CTXS US        4,331.2      (218.9)     (413.0)
CITRIX SYSTEMS    CTX GZ         4,331.2      (218.9)     (413.0)
CITRIX SYSTEMS    CTXS AV        4,331.2      (218.9)     (413.0)
CITRIX SYSTEMS    CTXS* MM       4,331.2      (218.9)     (413.0)
CITRIX SYSTEMS    CTXSEUR EU     4,331.2      (218.9)     (413.0)
CITRIX SYSTEMS    CTX QT         4,331.2      (218.9)     (413.0)
CITRIX SYSTEMS    CTXS SW        4,331.2      (218.9)     (413.0)
CLOVIS ONCOLOGY   C6O GR           601.8      (127.0)      179.1
CLOVIS ONCOLOGY   CLVS US          601.8      (127.0)      179.1
CLOVIS ONCOLOGY   C6O QT           601.8      (127.0)      179.1
CLOVIS ONCOLOGY   C6O TH           601.8      (127.0)      179.1
CLOVIS ONCOLOGY   CLVSEUR EU       601.8      (127.0)      179.1
COGENT COMMUNICA  CCOI US          913.6      (222.2)      366.4
COGENT COMMUNICA  OGM1 GR          913.6      (222.2)      366.4
COGENT COMMUNICA  CCOI* MM         913.6      (222.2)      366.4
COGENT COMMUNICA  CCOIEUR EU       913.6      (222.2)      366.4
COMMUNITY HEALTH  CYH US        15,445.0    (1,634.0)    1,195.0
CYTOKINETICS INC  KK3A GR          256.6       (45.7)      205.2
CYTOKINETICS INC  KK3A TH          256.6       (45.7)      205.2
CYTOKINETICS INC  KK3A QT          256.6       (45.7)      205.2
CYTOKINETICS INC  CYTKEUR EU       256.6       (45.7)      205.2
CYTOKINETICS INC  CYTK US          256.6       (45.7)      205.2
DELEK LOGISTICS   DKL US           946.2       (44.4)       (0.0)
DENNY'S CORP      DENN US          484.1      (200.5)        5.5
DENNY'S CORP      DENNEUR EU       484.1      (200.5)        5.5
DENNY'S CORP      DE8 GR           484.1      (200.5)        5.5
DIEBOLD NIXDORF   DBD SW         3,838.8      (710.6)      399.7
DIEBOLD NIXDORF   DBD US         3,838.8      (710.6)      399.7
DIEBOLD NIXDORF   DBDEUR EU      3,838.8      (710.6)      399.7
DIEBOLD NIXDORF   DBD GR         3,838.8      (710.6)      399.7
DIEBOLD NIXDORF   DLD TH         3,838.8      (710.6)      399.7
DIEBOLD NIXDORF   DLD QT         3,838.8      (710.6)      399.7
DINE BRANDS GLOB  DIN US         2,185.5      (236.4)      209.4
DINE BRANDS GLOB  IHP GR         2,185.5      (236.4)      209.4
DOLLARAMA INC     DOL CN         3,716.5       (92.2)     (328.0)
DOLLARAMA INC     DR3 GR         3,716.5       (92.2)     (328.0)
DOLLARAMA INC     DLMAF US       3,716.5       (92.2)     (328.0)
DOLLARAMA INC     DR3 GZ         3,716.5       (92.2)     (328.0)
DOLLARAMA INC     DOLEUR EU      3,716.5       (92.2)     (328.0)
DOLLARAMA INC     DR3 TH         3,716.5       (92.2)     (328.0)
DOLLARAMA INC     DR3 QT         3,716.5       (92.2)     (328.0)
DOMINO'S PIZZA    EZV GR         1,389.9    (3,392.2)      342.2
DOMINO'S PIZZA    DPZ US         1,389.9    (3,392.2)      342.2
DOMINO'S PIZZA    EZV TH         1,389.9    (3,392.2)      342.2
DOMINO'S PIZZA    EZV SW         1,389.9    (3,392.2)      342.2
DOMINO'S PIZZA    DPZEUR EU      1,389.9    (3,392.2)      342.2
DOMINO'S PIZZA    DPZ AV         1,389.9    (3,392.2)      342.2
DOMINO'S PIZZA    DPZ* MM        1,389.9    (3,392.2)      342.2
DOMINO'S PIZZA    EZV GZ         1,389.9    (3,392.2)      342.2
DOMINO'S PIZZA    EZV QT         1,389.9    (3,392.2)      342.2
DOMO INC- CL B    DOMO US          216.7       (49.2)       18.2
DOMO INC- CL B    1ON GR           216.7       (49.2)       18.2
DOMO INC- CL B    DOMOEUR EU       216.7       (49.2)       18.2
DOMO INC- CL B    1ON GZ           216.7       (49.2)       18.2
DOMO INC- CL B    1ON TH           216.7       (49.2)       18.2
DRAFTKINGS INC-A  DKNG US          309.6      (102.0)      (12.8)
DRAFTKINGS INC-A  8DEA GR          309.6      (102.0)      (12.8)
DUNKIN' BRANDS G  DNKN US        3,877.3      (636.3)      287.2
DUNKIN' BRANDS G  2DB GR         3,877.3      (636.3)      287.2
DUNKIN' BRANDS G  2DB TH         3,877.3      (636.3)      287.2
DUNKIN' BRANDS G  2DB GZ         3,877.3      (636.3)      287.2
DUNKIN' BRANDS G  DNKNEUR EU     3,877.3      (636.3)      287.2
DUNKIN' BRANDS G  2DB QT         3,877.3      (636.3)      287.2
EMISPHERE TECH    EMIS US            5.2      (155.3)       (1.4)
ESPERION THERAPE  ESPR US          179.6       (50.2)       99.2
ESPERION THERAPE  ESPREUR EU       179.6       (50.2)       99.2
ESPERION THERAPE  0ET TH           179.6       (50.2)       99.2
ESPERION THERAPE  0ET QT           179.6       (50.2)       99.2
ESPERION THERAPE  0ET GR           179.6       (50.2)       99.2
FLEXION THERAPEU  F02 TH           204.6       (52.3)      145.7
FLEXION THERAPEU  FLXNEUR EU       204.6       (52.3)      145.7
FLEXION THERAPEU  F02 QT           204.6       (52.3)      145.7
FLEXION THERAPEU  FLXN US          204.6       (52.3)      145.7
FLEXION THERAPEU  F02 GR           204.6       (52.3)      145.7
FRONTDOOR IN      FTDR US        1,291.0      (178.0)      113.0
FRONTDOOR IN      FTDREUR EU     1,291.0      (178.0)      113.0
FRONTDOOR IN      3I5 GR         1,291.0      (178.0)      113.0
GLOBALSCAPE INC   32X GR            36.6       (32.7)       (5.5)
GLOBALSCAPE INC   GSB US            36.6       (32.7)       (5.5)
GNC HOLDINGS INC  GNC* MM        1,416.0      (191.0)     (631.5)
GOLDEN STAR RES   GSC CN           375.5       (30.9)      (27.6)
GOOSEHEAD INSU-A  GSHD US           75.9       (30.0)       13.9
GOOSEHEAD INSU-A  2OX GR            75.9       (30.0)       13.9
GOOSEHEAD INSU-A  GSHDEUR EU        75.9       (30.0)       13.9
GORES HOLDINGS I  GHIVU US         427.4       411.8         0.9
GORES HOLDINGS-A  GHIV US          427.4       411.8         0.9
GRAFTECH INTERNA  EAF US         1,534.2      (680.4)      483.6
GRAFTECH INTERNA  G6G TH         1,534.2      (680.4)      483.6
GRAFTECH INTERNA  G6G GR         1,534.2      (680.4)      483.6
GRAFTECH INTERNA  EAFEUR EU      1,534.2      (680.4)      483.6
GRAFTECH INTERNA  G6G QT         1,534.2      (680.4)      483.6
GRAFTECH INTERNA  G6G GZ         1,534.2      (680.4)      483.6
GREEN PLAINS PAR  GPP US           106.4       (76.6)     (138.2)
GREENSKY INC-A    GSKY US          938.4      (213.5)      248.0
H&R BLOCK INC     HRB TH         3,452.4      (318.4)      (35.7)
H&R BLOCK INC     HRB US         3,452.4      (318.4)      (35.7)
H&R BLOCK INC     HRB GR         3,452.4      (318.4)      (35.7)
H&R BLOCK INC     HRB QT         3,452.4      (318.4)      (35.7)
H&R BLOCK INC     HRBEUR EU      3,452.4      (318.4)      (35.7)
HANGER INC        HNGR US          869.2       (16.0)      163.1
HANGER INC        HO8 GR           869.2       (16.0)      163.1
HANGER INC        HNGREUR EU       869.2       (16.0)      163.1
HCA HEALTHC-BDR   H1CA34 BZ     45,421.0      (703.0)    3,997.0
HCA HEALTHCARE I  2BH GR        45,421.0      (703.0)    3,997.0
HCA HEALTHCARE I  2BH TH        45,421.0      (703.0)    3,997.0
HCA HEALTHCARE I  HCA US        45,421.0      (703.0)    3,997.0
HCA HEALTHCARE I  HCA* MM       45,421.0      (703.0)    3,997.0
HCA HEALTHCARE I  2BH TE        45,421.0      (703.0)    3,997.0
HCA HEALTHCARE I  HCAEUR EU     45,421.0      (703.0)    3,997.0
HERBALIFE NUTRIT  HOO GR         2,715.3      (388.5)      587.3
HERBALIFE NUTRIT  HLF US         2,715.3      (388.5)      587.3
HERBALIFE NUTRIT  HOO GZ         2,715.3      (388.5)      587.3
HERBALIFE NUTRIT  HOO TH         2,715.3      (388.5)      587.3
HERBALIFE NUTRIT  HLFEUR EU      2,715.3      (388.5)      587.3
HERBALIFE NUTRIT  HOO QT         2,715.3      (388.5)      587.3
HEWLETT-CEDEAR    HPQ AR        33,773.0      (743.0)   (5,616.0)
HEWLETT-CEDEAR    HPQD AR       33,773.0      (743.0)   (5,616.0)
HEWLETT-CEDEAR    HPQC AR       33,773.0      (743.0)   (5,616.0)
HILTON WORLD-BDR  H1LT34 BZ     15,788.0      (904.0)      929.0
HILTON WORLDWIDE  HI91 SW       15,788.0      (904.0)      929.0
HILTON WORLDWIDE  HLTEUR EU     15,788.0      (904.0)      929.0
HILTON WORLDWIDE  HLT* MM       15,788.0      (904.0)      929.0
HILTON WORLDWIDE  HLT US        15,788.0      (904.0)      929.0
HILTON WORLDWIDE  HLTW AV       15,788.0      (904.0)      929.0
HILTON WORLDWIDE  HI91 TE       15,788.0      (904.0)      929.0
HILTON WORLDWIDE  HI91 TH       15,788.0      (904.0)      929.0
HILTON WORLDWIDE  HI91 GR       15,788.0      (904.0)      929.0
HOME DEPOT - BDR  HOME34 BZ     58,737.0    (3,490.0)    3,929.0
HOME DEPOT INC    HD TE         58,737.0    (3,490.0)    3,929.0
HOME DEPOT INC    HDI TH        58,737.0    (3,490.0)    3,929.0
HOME DEPOT INC    HDI GR        58,737.0    (3,490.0)    3,929.0
HOME DEPOT INC    HD US         58,737.0    (3,490.0)    3,929.0
HOME DEPOT INC    HD* MM        58,737.0    (3,490.0)    3,929.0
HOME DEPOT INC    HDUSD SW      58,737.0    (3,490.0)    3,929.0
HOME DEPOT INC    HDI GZ        58,737.0    (3,490.0)    3,929.0
HOME DEPOT INC    HD AV         58,737.0    (3,490.0)    3,929.0
HOME DEPOT INC    0R1G LN       58,737.0    (3,490.0)    3,929.0
HOME DEPOT INC    HDEUR EU      58,737.0    (3,490.0)    3,929.0
HOME DEPOT INC    HDI QT        58,737.0    (3,490.0)    3,929.0
HOME DEPOT INC    HD SW         58,737.0    (3,490.0)    3,929.0
HOME DEPOT INC    HD CI         58,737.0    (3,490.0)    3,929.0
HOME DEPOT-CED    HDD AR        58,737.0    (3,490.0)    3,929.0
HOME DEPOT-CED    HDC AR        58,737.0    (3,490.0)    3,929.0
HOME DEPOT-CED    HD AR         58,737.0    (3,490.0)    3,929.0
HP COMPANY-BDR    HPQB34 BZ     33,773.0      (743.0)   (5,616.0)
HP INC            7HP GR        33,773.0      (743.0)   (5,616.0)
HP INC            HPQ US        33,773.0      (743.0)   (5,616.0)
HP INC            7HP TH        33,773.0      (743.0)   (5,616.0)
HP INC            HPQ TE        33,773.0      (743.0)   (5,616.0)
HP INC            HPQ* MM       33,773.0      (743.0)   (5,616.0)
HP INC            HPQUSD SW     33,773.0      (743.0)   (5,616.0)
HP INC            7HP GZ        33,773.0      (743.0)   (5,616.0)
HP INC            HPQEUR EU     33,773.0      (743.0)   (5,616.0)
HP INC            HPQ AV        33,773.0      (743.0)   (5,616.0)
HP INC            HWP QT        33,773.0      (743.0)   (5,616.0)
HP INC            HPQ SW        33,773.0      (743.0)   (5,616.0)
HP INC            HPQ CI        33,773.0      (743.0)   (5,616.0)
IAA INC           IAA US         2,215.5      (103.6)      256.2
IAA INC           3NI GR         2,215.5      (103.6)      256.2
IAA INC           IAA-WEUR EU    2,215.5      (103.6)      256.2
IMMUNOGEN INC     IMU GR           298.8        (4.1)      185.2
IMMUNOGEN INC     IMU TH           298.8        (4.1)      185.2
IMMUNOGEN INC     IMU GZ           298.8        (4.1)      185.2
IMMUNOGEN INC     IMGNEUR EU       298.8        (4.1)      185.2
IMMUNOGEN INC     IMGN* MM         298.8        (4.1)      185.2
IMMUNOGEN INC     IMU QT           298.8        (4.1)      185.2
IMMUNOGEN INC     IMGN US          298.8        (4.1)      185.2
IMV INC           IMV CN            15.3        (2.4)        4.6
INSPERITY INC     NSP US         1,522.4        (3.3)      190.8
INSPERITY INC     ASF GR         1,522.4        (3.3)      190.8
INTERCEPT PHARMA  ICPT* MM         662.4       (34.7)      478.2
INTERCEPT PHARMA  I4P QT           662.4       (34.7)      478.2
INTERCEPT PHARMA  I4P TH           662.4       (34.7)      478.2
INTERCEPT PHARMA  ICPT US          662.4       (34.7)      478.2
INTERCEPT PHARMA  I4P GR           662.4       (34.7)      478.2
IRONWOOD PHARMAC  IRWD US          404.0       (71.6)      306.3
IRONWOOD PHARMAC  I76 GR           404.0       (71.6)      306.3
IRONWOOD PHARMAC  I76 TH           404.0       (71.6)      306.3
IRONWOOD PHARMAC  I76 QT           404.0       (71.6)      306.3
IRONWOOD PHARMAC  IRWDEUR EU       404.0       (71.6)      306.3
JACK IN THE BOX   JBX GR         1,861.3      (876.9)      (79.8)
JACK IN THE BOX   JACK US        1,861.3      (876.9)      (79.8)
JACK IN THE BOX   JBX GZ         1,861.3      (876.9)      (79.8)
JACK IN THE BOX   JBX QT         1,861.3      (876.9)      (79.8)
JACK IN THE BOX   JACK1EUR EU    1,861.3      (876.9)      (79.8)
JOSEMARIA RESOUR  JOSES I2          22.3       (36.4)      (27.2)
JOSEMARIA RESOUR  JOSE SS           22.3       (36.4)      (27.2)
JOSEMARIA RESOUR  NGQSEK EU         22.3       (36.4)      (27.2)
JOSEMARIA RESOUR  JOSES IX          22.3       (36.4)      (27.2)
JOSEMARIA RESOUR  JOSES EB          22.3       (36.4)      (27.2)
KONTOOR BRAND     KTB US         1,901.8       (18.5)      893.1
KONTOOR BRAND     3KO TH         1,901.8       (18.5)      893.1
KONTOOR BRAND     3KO GR         1,901.8       (18.5)      893.1
KONTOOR BRAND     KTBEUR EU      1,901.8       (18.5)      893.1
KONTOOR BRAND     3KO QT         1,901.8       (18.5)      893.1
KONTOOR BRAND     3KO GZ         1,901.8       (18.5)      893.1
L BRANDS INC      LTD GR         9,438.6    (1,859.6)      165.6
L BRANDS INC      LTD TH         9,438.6    (1,859.6)      165.6
L BRANDS INC      LB US          9,438.6    (1,859.6)      165.6
L BRANDS INC      LTD SW         9,438.6    (1,859.6)      165.6
L BRANDS INC      LBRA AV        9,438.6    (1,859.6)      165.6
L BRANDS INC      LBEUR EU       9,438.6    (1,859.6)      165.6
L BRANDS INC      LB* MM         9,438.6    (1,859.6)      165.6
L BRANDS INC      LTD QT         9,438.6    (1,859.6)      165.6
L BRANDS INC-BDR  LBRN34 BZ      9,438.6    (1,859.6)      165.6
LENNOX INTL INC   LXI GR         2,128.4      (318.3)      330.5
LENNOX INTL INC   LII US         2,128.4      (318.3)      330.5
LENNOX INTL INC   LXI TH         2,128.4      (318.3)      330.5
LENNOX INTL INC   LII* MM        2,128.4      (318.3)      330.5
LENNOX INTL INC   LII1EUR EU     2,128.4      (318.3)      330.5
MARRIOTT INTL-A   MAQ TH        25,549.0       (20.0)   (2,467.0)
MARRIOTT INTL-A   MAR US        25,549.0       (20.0)   (2,467.0)
MARRIOTT INTL-A   MAQ GR        25,549.0       (20.0)   (2,467.0)
MARRIOTT INTL-A   MAQ SW        25,549.0       (20.0)   (2,467.0)
MARRIOTT INTL-A   MAR TE        25,549.0       (20.0)   (2,467.0)
MARRIOTT INTL-A   MAREUR EU     25,549.0       (20.0)   (2,467.0)
MARRIOTT INTL-A   MAQ GZ        25,549.0       (20.0)   (2,467.0)
MARRIOTT INTL-A   MAR AV        25,549.0       (20.0)   (2,467.0)
MARRIOTT INTL-A   MAQ QT        25,549.0       (20.0)   (2,467.0)
MASCO CORP        MSQ TH         4,840.0      (165.0)    1,241.0
MASCO CORP        MSQ GZ         4,840.0      (165.0)    1,241.0
MASCO CORP        MAS US         4,840.0      (165.0)    1,241.0
MASCO CORP        MSQ GR         4,840.0      (165.0)    1,241.0
MASCO CORP        MSQ QT         4,840.0      (165.0)    1,241.0
MASCO CORP        MAS1EUR EU     4,840.0      (165.0)    1,241.0
MASCO CORP        MAS* MM        4,840.0      (165.0)    1,241.0
MCDONALD'S CORP   TCXMCD AU     50,568.0    (9,293.4)    3,569.1
MCDONALDS - BDR   MCDC34 BZ     50,568.0    (9,293.4)    3,569.1
MCDONALDS CORP    MCD TE        50,568.0    (9,293.4)    3,569.1
MCDONALDS CORP    MDO TH        50,568.0    (9,293.4)    3,569.1
MCDONALDS CORP    MCD SW        50,568.0    (9,293.4)    3,569.1
MCDONALDS CORP    MCD US        50,568.0    (9,293.4)    3,569.1
MCDONALDS CORP    MDO GR        50,568.0    (9,293.4)    3,569.1
MCDONALDS CORP    MCD* MM       50,568.0    (9,293.4)    3,569.1
MCDONALDS CORP    MCDUSD SW     50,568.0    (9,293.4)    3,569.1
MCDONALDS CORP    MDO GZ        50,568.0    (9,293.4)    3,569.1
MCDONALDS CORP    MCDEUR EU     50,568.0    (9,293.4)    3,569.1
MCDONALDS CORP    MCD AV        50,568.0    (9,293.4)    3,569.1
MCDONALDS CORP    0R16 LN       50,568.0    (9,293.4)    3,569.1
MCDONALDS CORP    MDO QT        50,568.0    (9,293.4)    3,569.1
MCDONALDS CORP    MCD CI        50,568.0    (9,293.4)    3,569.1
MCDONALDS-CEDEAR  MCDC AR       50,568.0    (9,293.4)    3,569.1
MCDONALDS-CEDEAR  MCD AR        50,568.0    (9,293.4)    3,569.1
MCDONALDS-CEDEAR  MCDD AR       50,568.0    (9,293.4)    3,569.1
MICHAELS COS INC  MIKEUR EU      3,838.1    (1,446.5)      403.4
MICHAELS COS INC  MIK US         3,838.1    (1,446.5)      403.4
MICHAELS COS INC  MIM GR         3,838.1    (1,446.5)      403.4
MILESTONE MEDICA  MMDPLN EU          0.6       (13.9)      (13.9)
MILESTONE MEDICA  MMD PW             0.6       (13.9)      (13.9)
MOTOROLA SOL-BDR  M1SI34 BZ     10,716.0      (930.0)      602.0
MOTOROLA SOL-CED  MSI AR        10,716.0      (930.0)      602.0
MOTOROLA SOLUTIO  MTLA TH       10,716.0      (930.0)      602.0
MOTOROLA SOLUTIO  MTLA GR       10,716.0      (930.0)      602.0
MOTOROLA SOLUTIO  MOT TE        10,716.0      (930.0)      602.0
MOTOROLA SOLUTIO  MSI US        10,716.0      (930.0)      602.0
MOTOROLA SOLUTIO  MSI1EUR EU    10,716.0      (930.0)      602.0
MOTOROLA SOLUTIO  MTLA GZ       10,716.0      (930.0)      602.0
MOTOROLA SOLUTIO  MOSI AV       10,716.0      (930.0)      602.0
MOTOROLA SOLUTIO  MTLA QT       10,716.0      (930.0)      602.0
MSCI INC          3HM GR         3,911.8      (354.3)      821.5
MSCI INC          MSCI US        3,911.8      (354.3)      821.5
MSCI INC          3HM SW         3,911.8      (354.3)      821.5
MSCI INC          3HM QT         3,911.8      (354.3)      821.5
MSCI INC          3HM GZ         3,911.8      (354.3)      821.5
MSCI INC          MSCI* MM       3,911.8      (354.3)      821.5
MSCI INC-BDR      M1SC34 BZ      3,911.8      (354.3)      821.5
MSG NETWORKS- A   MSGN US          797.6      (612.0)      210.8
MSG NETWORKS- A   1M4 GR           797.6      (612.0)      210.8
MSG NETWORKS- A   1M4 QT           797.6      (612.0)      210.8
MSG NETWORKS- A   MSGNEUR EU       797.6      (612.0)      210.8
NATHANS FAMOUS    NATH US          104.9       (64.2)       77.8
NATHANS FAMOUS    NFA GR           104.9       (64.2)       77.8
NATHANS FAMOUS    NATHEUR EU       104.9       (64.2)       77.8
NAVISTAR INTL     IHR TH         6,363.0    (3,739.0)    1,256.0
NAVISTAR INTL     NAVEUR EU      6,363.0    (3,739.0)    1,256.0
NAVISTAR INTL     NAV US         6,363.0    (3,739.0)    1,256.0
NAVISTAR INTL     IHR GR         6,363.0    (3,739.0)    1,256.0
NAVISTAR INTL     IHR QT         6,363.0    (3,739.0)    1,256.0
NAVISTAR INTL     IHR GZ         6,363.0    (3,739.0)    1,256.0
NEW ENG RLTY-LP   NEN US           294.7       (38.0)        -
NOVAVAX INC       NVV1 TH          328.1       (24.0)      236.3
NOVAVAX INC       NVV1 GZ          328.1       (24.0)      236.3
NOVAVAX INC       NVAXEUR EU       328.1       (24.0)      236.3
NOVAVAX INC       NVV1 GR          328.1       (24.0)      236.3
NOVAVAX INC       NVAX US          328.1       (24.0)      236.3
NUNZIA PHARMACEU  NUNZ US            0.1        (3.2)       (2.5)
NUTANIX INC - A   0NU SW         1,773.3      (184.0)      381.8
NUTANIX INC - A   0NU GZ         1,773.3      (184.0)      381.8
NUTANIX INC - A   0NU GR         1,773.3      (184.0)      381.8
NUTANIX INC - A   NTNXEUR EU     1,773.3      (184.0)      381.8
NUTANIX INC - A   0NU TH         1,773.3      (184.0)      381.8
NUTANIX INC - A   0NU QT         1,773.3      (184.0)      381.8
NUTANIX INC - A   NTNX US        1,773.3      (184.0)      381.8
OCULAR THERAPEUT  0OT TH            72.9       (10.7)       44.0
OCULAR THERAPEUT  OCULEUR EU        72.9       (10.7)       44.0
OCULAR THERAPEUT  0OT GZ            72.9       (10.7)       44.0
OCULAR THERAPEUT  OCUL US           72.9       (10.7)       44.0
OCULAR THERAPEUT  0OT GR            72.9       (10.7)       44.0
OMEROS CORP       OMER US          118.2      (131.9)       27.7
OMEROS CORP       3O8 GR           118.2      (131.9)       27.7
OMEROS CORP       3O8 QT           118.2      (131.9)       27.7
OMEROS CORP       3O8 TH           118.2      (131.9)       27.7
OMEROS CORP       OMEREUR EU       118.2      (131.9)       27.7
OTIS WORLDWI      4PG GR         9,524.0    (4,189.0)      159.0
OTIS WORLDWI      OTIS* MM       9,524.0    (4,189.0)      159.0
OTIS WORLDWI      4PG GZ         9,524.0    (4,189.0)      159.0
OTIS WORLDWI      OTISEUR EU     9,524.0    (4,189.0)      159.0
OTIS WORLDWI      4PG TH         9,524.0    (4,189.0)      159.0
OTIS WORLDWI      4PG QT         9,524.0    (4,189.0)      159.0
OTIS WORLDWI      OTIS US        9,524.0    (4,189.0)      159.0
PAPA JOHN'S INTL  PZZA US          718.3       (68.4)      (30.5)
PAPA JOHN'S INTL  PP1 GR           718.3       (68.4)      (30.5)
PAPA JOHN'S INTL  PP1 SW           718.3       (68.4)      (30.5)
PAPA JOHN'S INTL  PZZAEUR EU       718.3       (68.4)      (30.5)
PAPA JOHN'S INTL  PP1 GZ           718.3       (68.4)      (30.5)
PARATEK PHARMACE  N4CN GR          233.7       (55.2)      183.9
PARATEK PHARMACE  N4CN TH          233.7       (55.2)      183.9
PARATEK PHARMACE  PRTK US          233.7       (55.2)      183.9
PHILIP MORRI-BDR  PHMO34 BZ     37,494.0   (11,063.0)      277.0
PHILIP MORRIS IN  PM1 TE        37,494.0   (11,063.0)      277.0
PHILIP MORRIS IN  4I1 TH        37,494.0   (11,063.0)      277.0
PHILIP MORRIS IN  PM1EUR EU     37,494.0   (11,063.0)      277.0
PHILIP MORRIS IN  PMI SW        37,494.0   (11,063.0)      277.0
PHILIP MORRIS IN  4I1 GR        37,494.0   (11,063.0)      277.0
PHILIP MORRIS IN  PM US         37,494.0   (11,063.0)      277.0
PHILIP MORRIS IN  PM1CHF EU     37,494.0   (11,063.0)      277.0
PHILIP MORRIS IN  0M8V LN       37,494.0   (11,063.0)      277.0
PHILIP MORRIS IN  PMOR AV       37,494.0   (11,063.0)      277.0
PHILIP MORRIS IN  4I1 GZ        37,494.0   (11,063.0)      277.0
PHILIP MORRIS IN  PMIZ IX       37,494.0   (11,063.0)      277.0
PHILIP MORRIS IN  PMIZ EB       37,494.0   (11,063.0)      277.0
PHILIP MORRIS IN  PM* MM        37,494.0   (11,063.0)      277.0
PHILIP MORRIS IN  4I1 QT        37,494.0   (11,063.0)      277.0
PLANET FITNESS-A  PLNT1EUR EU    1,875.6      (692.2)      484.3
PLANET FITNESS-A  3PL QT         1,875.6      (692.2)      484.3
PLANET FITNESS-A  PLNT US        1,875.6      (692.2)      484.3
PLANET FITNESS-A  3PL TH         1,875.6      (692.2)      484.3
PLANET FITNESS-A  3PL GR         1,875.6      (692.2)      484.3
PLANTRONICS INC   PTM GR         2,272.3       (67.7)      209.2
PLANTRONICS INC   PLT US         2,272.3       (67.7)      209.2
PLANTRONICS INC   PTM GZ         2,272.3       (67.7)      209.2
PLANTRONICS INC   PLTEUR EU      2,272.3       (67.7)      209.2
PPD INC           PPD US         5,814.8    (1,047.2)      212.3
RADIUS HEALTH IN  RDUS US          201.6       (74.2)      124.6
RADIUS HEALTH IN  1R8 SW           201.6       (74.2)      124.6
RADIUS HEALTH IN  1R8 TH           201.6       (74.2)      124.6
RADIUS HEALTH IN  RDUSEUR EU       201.6       (74.2)      124.6
RADIUS HEALTH IN  1R8 QT           201.6       (74.2)      124.6
RADIUS HEALTH IN  1R8 GR           201.6       (74.2)      124.6
REC SILICON ASA   RECO S1          280.6        (9.8)       (2.7)
REC SILICON ASA   RECO TQ          280.6        (9.8)       (2.7)
REC SILICON ASA   RECO QX          280.6        (9.8)       (2.7)
REC SILICON ASA   RECO I2          280.6        (9.8)       (2.7)
REC SILICON ASA   RECO PO          280.6        (9.8)       (2.7)
REC SILICON ASA   RECO B3          280.6        (9.8)       (2.7)
REC SILICON ASA   RECO S2          280.6        (9.8)       (2.7)
REVLON INC-A      RVL1 GR        2,779.6    (1,435.8)     (447.5)
REVLON INC-A      REV US         2,779.6    (1,435.8)     (447.5)
REVLON INC-A      RVL1 TH        2,779.6    (1,435.8)     (447.5)
REVLON INC-A      REVEUR EU      2,779.6    (1,435.8)     (447.5)
REVLON INC-A      REV* MM        2,779.6    (1,435.8)     (447.5)
RIMINI STREET IN  RMNI US          201.3       (91.6)      (89.0)
ROSETTA STONE IN  RST US           182.6       (19.0)      (70.2)
ROSETTA STONE IN  RS8 GR           182.6       (19.0)      (70.2)
ROSETTA STONE IN  RS8 TH           182.6       (19.0)      (70.2)
ROSETTA STONE IN  RST1EUR EU       182.6       (19.0)      (70.2)
SALLY BEAUTY HOL  SBH US         2,921.2       (53.2)      533.2
SALLY BEAUTY HOL  S7V GR         2,921.2       (53.2)      533.2
SALLY BEAUTY HOL  SBHEUR EU      2,921.2       (53.2)      533.2
SBA COMM CORP     4SB GZ         9,359.5    (4,302.8)     (624.5)
SBA COMM CORP     SBAC* MM       9,359.5    (4,302.8)     (624.5)
SBA COMM CORP     4SB GR         9,359.5    (4,302.8)     (624.5)
SBA COMM CORP     SBAC US        9,359.5    (4,302.8)     (624.5)
SBA COMM CORP     SBACEUR EU     9,359.5    (4,302.8)     (624.5)
SBA COMM CORP     4SB QT         9,359.5    (4,302.8)     (624.5)
SBA COMM CORP     SBJ TH         9,359.5    (4,302.8)     (624.5)
SCIENTIFIC GAMES  TJW GZ         7,458.0    (2,358.0)      761.0
SCIENTIFIC GAMES  SGMS US        7,458.0    (2,358.0)      761.0
SCIENTIFIC GAMES  TJW GR         7,458.0    (2,358.0)      761.0
SCIENTIFIC GAMES  TJW TH         7,458.0    (2,358.0)      761.0
SEALED AIR CORP   SEE US         5,671.0      (181.9)      192.4
SEALED AIR CORP   SDA GR         5,671.0      (181.9)      192.4
SEALED AIR CORP   SEE1EUR EU     5,671.0      (181.9)      192.4
SEALED AIR CORP   SDA TH         5,671.0      (181.9)      192.4
SEALED AIR CORP   SDA QT         5,671.0      (181.9)      192.4
SELECTA BIOSCIEN  1S7 GR            88.8        (8.8)       44.4
SELECTA BIOSCIEN  SELBEUR EU        88.8        (8.8)       44.4
SELECTA BIOSCIEN  SELB US           88.8        (8.8)       44.4
SERES THERAPEUTI  MCRB1EUR EU      110.6       (61.6)       36.4
SERES THERAPEUTI  MCRB US          110.6       (61.6)       36.4
SERES THERAPEUTI  1S9 GR           110.6       (61.6)       36.4
SHELL MIDSTREAM   SHLX US        1,988.0      (774.0)      311.0
SIRIUS XM HOLDIN  RDO TH        10,935.0      (747.0)   (2,219.0)
SIRIUS XM HOLDIN  SIRI US       10,935.0      (747.0)   (2,219.0)
SIRIUS XM HOLDIN  RDO GR        10,935.0      (747.0)   (2,219.0)
SIRIUS XM HOLDIN  SIRIEUR EU    10,935.0      (747.0)   (2,219.0)
SIRIUS XM HOLDIN  RDO GZ        10,935.0      (747.0)   (2,219.0)
SIRIUS XM HOLDIN  SIRI AV       10,935.0      (747.0)   (2,219.0)
SIRIUS XM HOLDIN  RDO QT        10,935.0      (747.0)   (2,219.0)
SIX FLAGS ENTERT  6FE GR         2,720.5      (323.6)     (168.7)
SIX FLAGS ENTERT  SIXEUR EU      2,720.5      (323.6)     (168.7)
SIX FLAGS ENTERT  6FE TH         2,720.5      (323.6)     (168.7)
SIX FLAGS ENTERT  6FE QT         2,720.5      (323.6)     (168.7)
SIX FLAGS ENTERT  SIX US         2,720.5      (323.6)     (168.7)
SLEEP NUMBER COR  SL2 GR         1,013.8      (155.9)     (422.3)
SLEEP NUMBER COR  SNBR US        1,013.8      (155.9)     (422.3)
SLEEP NUMBER COR  SNBREUR EU     1,013.8      (155.9)     (422.3)
SOCIAL CAPITAL    IPOB/U US          -           -           -
SOCIAL CAPITAL    IPOC/U US          -           -           -
STARBUCKS CORP    SRB TH        27,478.9    (7,532.9)   (2,515.9)
STARBUCKS CORP    SBUX* MM      27,478.9    (7,532.9)   (2,515.9)
STARBUCKS CORP    SRB GR        27,478.9    (7,532.9)   (2,515.9)
STARBUCKS CORP    SBUX TE       27,478.9    (7,532.9)   (2,515.9)
STARBUCKS CORP    SBUXEUR EU    27,478.9    (7,532.9)   (2,515.9)
STARBUCKS CORP    SBUX IM       27,478.9    (7,532.9)   (2,515.9)
STARBUCKS CORP    SBUXUSD SW    27,478.9    (7,532.9)   (2,515.9)
STARBUCKS CORP    SRB GZ        27,478.9    (7,532.9)   (2,515.9)
STARBUCKS CORP    SBUX AV       27,478.9    (7,532.9)   (2,515.9)
STARBUCKS CORP    0QZH LI       27,478.9    (7,532.9)   (2,515.9)
STARBUCKS CORP    SBUX PE       27,478.9    (7,532.9)   (2,515.9)
STARBUCKS CORP    SRB QT        27,478.9    (7,532.9)   (2,515.9)
STARBUCKS CORP    SBUX US       27,478.9    (7,532.9)   (2,515.9)
STARBUCKS CORP    SBUX SW       27,478.9    (7,532.9)   (2,515.9)
STARBUCKS CORP    SBUX CI       27,478.9    (7,532.9)   (2,515.9)
STARBUCKS-BDR     SBUB34 BZ     27,478.9    (7,532.9)   (2,515.9)
STARBUCKS-CEDEAR  SBUXD AR      27,478.9    (7,532.9)   (2,515.9)
STARBUCKS-CEDEAR  SBUX AR       27,478.9    (7,532.9)   (2,515.9)
TAILORED BRANDS   TLRD* MM       2,419.0       (98.3)      206.4
TAUBMAN CENTERS   TU8 GR         4,727.0      (241.7)        -
TAUBMAN CENTERS   TCO US         4,727.0      (241.7)        -
TAUBMAN CENTERS   TCO2EUR EU     4,727.0      (241.7)        -
TG THERAPEUTICS   TGTX US          101.8        (1.4)       24.9
TG THERAPEUTICS   NKB2 TH          101.8        (1.4)       24.9
TG THERAPEUTICS   NKB2 GR          101.8        (1.4)       24.9
TG THERAPEUTICS   NKB2 QT          101.8        (1.4)       24.9
TRANSDIGM - BDR   T1DG34 BZ     16,635.0    (4,205.0)    3,544.0
TRANSDIGM GROUP   TDG US        16,635.0    (4,205.0)    3,544.0
TRANSDIGM GROUP   T7D GR        16,635.0    (4,205.0)    3,544.0
TRANSDIGM GROUP   TDG* MM       16,635.0    (4,205.0)    3,544.0
TRANSDIGM GROUP   T7D TH        16,635.0    (4,205.0)    3,544.0
TRANSDIGM GROUP   T7D QT        16,635.0    (4,205.0)    3,544.0
TRANSDIGM GROUP   TDGEUR EU     16,635.0    (4,205.0)    3,544.0
TRIUMPH GROUP     TGI US         2,980.3      (781.3)      573.9
TRIUMPH GROUP     TG7 GR         2,980.3      (781.3)      573.9
TRIUMPH GROUP     TGIEUR EU      2,980.3      (781.3)      573.9
TUPPERWARE BRAND  TUP US         1,295.2      (364.0)     (192.3)
UBIQUITI INC      3UB GR           620.6      (356.0)      305.0
UBIQUITI INC      UI US            620.6      (356.0)      305.0
UBIQUITI INC      3UB GZ           620.6      (356.0)      305.0
UBIQUITI INC      UBNTEUR EU       620.6      (356.0)      305.0
UNISYS CORP       UIS US         2,971.6      (209.4)      572.4
UNISYS CORP       UIS1 SW        2,971.6      (209.4)      572.4
UNISYS CORP       UISEUR EU      2,971.6      (209.4)      572.4
UNISYS CORP       UISCHF EU      2,971.6      (209.4)      572.4
UNISYS CORP       USY1 TH        2,971.6      (209.4)      572.4
UNISYS CORP       USY1 GR        2,971.6      (209.4)      572.4
UNISYS CORP       USY1 GZ        2,971.6      (209.4)      572.4
UNISYS CORP       USY1 QT        2,971.6      (209.4)      572.4
UNITI GROUP INC   8XC TH         5,014.1    (1,595.5)        -
UNITI GROUP INC   UNIT US        5,014.1    (1,595.5)        -
UNITI GROUP INC   8XC GR         5,014.1    (1,595.5)        -
VALVOLINE INC     0V4 GR         2,917.0      (237.0)      983.0
VALVOLINE INC     0V4 TH         2,917.0      (237.0)      983.0
VALVOLINE INC     VVVEUR EU      2,917.0      (237.0)      983.0
VALVOLINE INC     0V4 QT         2,917.0      (237.0)      983.0
VALVOLINE INC     VVV US         2,917.0      (237.0)      983.0
VECTOR GROUP LTD  VGR GR         1,494.8      (719.0)      238.5
VECTOR GROUP LTD  VGR US         1,494.8      (719.0)      238.5
VECTOR GROUP LTD  VGREUR EU      1,494.8      (719.0)      238.5
VECTOR GROUP LTD  VGR TH         1,494.8      (719.0)      238.5
VECTOR GROUP LTD  VGR QT         1,494.8      (719.0)      238.5
VERISIGN INC      VRS TH         1,753.9    (1,409.1)      229.8
VERISIGN INC      VRS GR         1,753.9    (1,409.1)      229.8
VERISIGN INC      VRSN US        1,753.9    (1,409.1)      229.8
VERISIGN INC      VRSN* MM       1,753.9    (1,409.1)      229.8
VERISIGN INC      VRSNEUR EU     1,753.9    (1,409.1)      229.8
VERISIGN INC      VRS GZ         1,753.9    (1,409.1)      229.8
VERISIGN INC      VRS QT         1,753.9    (1,409.1)      229.8
VERISIGN INC-BDR  VRSN34 BZ      1,753.9    (1,409.1)      229.8
VERISIGN-CEDEAR   VRSN AR        1,753.9    (1,409.1)      229.8
VIVINT SMART HOM  VVNT US        2,670.4    (1,439.3)     (275.6)
WATERS CORP       WAZ TH         2,666.5      (338.0)      776.7
WATERS CORP       WAT US         2,666.5      (338.0)      776.7
WATERS CORP       WAZ GR         2,666.5      (338.0)      776.7
WATERS CORP       WAT* MM        2,666.5      (338.0)      776.7
WATERS CORP       WAZ QT         2,666.5      (338.0)      776.7
WATERS CORP       WATEUR EU      2,666.5      (338.0)      776.7
WATERS CORP-BDR   WATC34 BZ      2,666.5      (338.0)      776.7
WAYFAIR INC- A    W US           2,751.4    (1,171.4)     (215.7)
WAYFAIR INC- A    1WF QT         2,751.4    (1,171.4)     (215.7)
WAYFAIR INC- A    1WF GZ         2,751.4    (1,171.4)     (215.7)
WAYFAIR INC- A    1WF GR         2,751.4    (1,171.4)     (215.7)
WAYFAIR INC- A    1WF TH         2,751.4    (1,171.4)     (215.7)
WAYFAIR INC- A    WEUR EU        2,751.4    (1,171.4)     (215.7)
WESTERN UNION     WU US          8,365.4      (149.7)     (435.3)
WESTERN UNION     W3U GR         8,365.4      (149.7)     (435.3)
WESTERN UNION     W3U TH         8,365.4      (149.7)     (435.3)
WESTERN UNION     WU* MM         8,365.4      (149.7)     (435.3)
WESTERN UNION     WUEUR EU       8,365.4      (149.7)     (435.3)
WESTERN UNION     W3U GZ         8,365.4      (149.7)     (435.3)
WESTERN UNION     W3U QT         8,365.4      (149.7)     (435.3)
WIDEOPENWEST INC  WOW US         2,494.7      (246.8)      (90.6)
WIDEOPENWEST INC  WU5 TH         2,494.7      (246.8)      (90.6)
WIDEOPENWEST INC  WU5 GR         2,494.7      (246.8)      (90.6)
WIDEOPENWEST INC  WU5 QT         2,494.7      (246.8)      (90.6)
WIDEOPENWEST INC  WOW1EUR EU     2,494.7      (246.8)      (90.6)
WINGSTOP INC      WING1EUR EU      188.5      (202.9)        7.6
WINGSTOP INC      WING US          188.5      (202.9)        7.6
WINGSTOP INC      EWG GR           188.5      (202.9)        7.6
WINMARK CORP      WINA US           59.9       (29.8)       29.9
WINMARK CORP      GBZ GR            59.9       (29.8)       29.9
WW INTERNATIONAL  WW US          1,633.7      (700.8)     (127.6)
WW INTERNATIONAL  WW6 GR         1,633.7      (700.8)     (127.6)
WW INTERNATIONAL  WW6 SW         1,633.7      (700.8)     (127.6)
WW INTERNATIONAL  WW6 GZ         1,633.7      (700.8)     (127.6)
WW INTERNATIONAL  WTW AV         1,633.7      (700.8)     (127.6)
WW INTERNATIONAL  WTWEUR EU      1,633.7      (700.8)     (127.6)
WW INTERNATIONAL  WW6 QT         1,633.7      (700.8)     (127.6)
WW INTERNATIONAL  WW6 TH         1,633.7      (700.8)     (127.6)
WYNDHAM DESTINAT  WD5 TH         7,776.0      (891.0)    4,030.0
WYNDHAM DESTINAT  WD5 SW         7,776.0      (891.0)    4,030.0
WYNDHAM DESTINAT  WD5 QT         7,776.0      (891.0)    4,030.0
WYNDHAM DESTINAT  WYNEUR EU      7,776.0      (891.0)    4,030.0
WYNDHAM DESTINAT  WD5 GR         7,776.0      (891.0)    4,030.0
WYNDHAM DESTINAT  WYND US        7,776.0      (891.0)    4,030.0
YUM! BRANDS -BDR  YUMR34 BZ      6,085.0    (8,229.0)      491.0
YUM! BRANDS INC   TGR TH         6,085.0    (8,229.0)      491.0
YUM! BRANDS INC   TGR GR         6,085.0    (8,229.0)      491.0
YUM! BRANDS INC   YUM* MM        6,085.0    (8,229.0)      491.0
YUM! BRANDS INC   YUMUSD SW      6,085.0    (8,229.0)      491.0
YUM! BRANDS INC   TGR GZ         6,085.0    (8,229.0)      491.0
YUM! BRANDS INC   YUM AV         6,085.0    (8,229.0)      491.0
YUM! BRANDS INC   TGR TE         6,085.0    (8,229.0)      491.0
YUM! BRANDS INC   YUM US         6,085.0    (8,229.0)      491.0
YUM! BRANDS INC   YUMEUR EU      6,085.0    (8,229.0)      491.0
YUM! BRANDS INC   TGR QT         6,085.0    (8,229.0)      491.0
YUM! BRANDS INC   YUM SW         6,085.0    (8,229.0)      491.0



                            *********

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.

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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2020.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

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