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

              Friday, June 5, 2020, Vol. 24, No. 156

                            Headlines

5BARZ INTERNATIONAL: Seeks to Hire RSM US as Accountant
ADVANTAGE HOLDCO: Files for Bankruptcy as COVID-19 Hits Business
ALLIANCE RESOURCE: Egan-Jones Lowers Senior Unsecured Ratings to B
ALY EATERY: Seeks to Hire Darby Law Practice as Counsel
BAYTEX ENERGY: Egan-Jones Lowers Senior Unsecured Ratings to CCC

BLUCORA INC: Egan-Jones Lowers Senior Unsecured Ratings to B
BRIGGS & STRATTON: Egan-Jones Cuts Sr. Unsecured Debt Ratings to CC
CABOT MICROELECTRONIC: Egan-Jones Cuts FC Sr. Unsec. Rating to BB-
CENTRAL GARDEN: Egan-Jones Hikes Senior Unsecured Ratings to B+
CHESTER J. MARINE: Case Summary & 9 Unsecured Creditors

CITGO PETROLEUM: S&P Rates $750MM Senior Secured Notes 'B+'
CITIUS PHARMACEUTICALS: Receives Positive Feedback From FDA
COGENT COMMUNICATIONS: Egan-Jones Cuts FC Sr. Unsec. Rating to B
COMCAR INDUSTRIES: U.S. Trustee Appoints Creditors' Committee
CONTINENTAL RESOURCES: Egan-Jones Cuts FC Sr. Unsec. Rating to BB-

CONTURA ENERGY: S&P Downgrades ICR to 'CCC+'; Outlook Negative
COOPER TIRE: Egan-Jones Lowers Sr. Unsecured Debt Ratings to B-
CORNERSTONE ONDEMAND: Egan-Jones Cuts LC Sr. Unsec. Ratings to CCC
CSC HOLDINGS: S&P Rates $1.1BB New Guaranteed Notes 'BB'
CYTODYN INC: Removes Interim Tag from CFO Mulholland's Title

DEAN JONES FARMS: Seeks to Hire Gillespie & Murphy as Counsel
DECO ENTERPRISES: Seeks to Extend Exclusivity Period to Sept. 21
DEL MONTE FOODS: S&P Raises ICR to CCC+ on Refinancing
DELUXE CORP: Egan-Jones Lowers Senior Unsecured Ratings to BB-
DEVON ENERGY: Egan-Jones Lowers LC Senior Unsecured Rating to B+

DIAMOND OFFSHORE: Seeks to Hire Paul Weiss Rifkind as Attorney
ECHOSTAR CORPORATION: Egan-Jones Cuts Sr. Unsecured Ratings to B+
EDISON PRICE: Seeks to Hire Bronson Law Offices as Legal Counsel
ENDEAVOR ENERGY: S&P Rates Senior Unsecured Debt Offering 'BB-'
ENTREC CORP: Seeks Canadian Court OK for Financing, Sale Process

EQUINIX INC: Egan-Jones Hikes LC Senior Unsecured Rating to BB-
ERA GROUP: S&P Alters Outlook to Negative, Affirms 'B-' ICR
EXIDE HOLDINGS: U.S. Trustee Appoints Creditors' Committee
EXIDE TECHNOLOGIES: Warns of Possible Mass Layoffs
FISERV INC: Egan-Jones Lowers Senior Unsecured Ratings to BB+

GALILEO LEARNING: U.S. Trustee Appoints Creditors' Committee
GEMSTONE SOLUTIONS: Court Confirms Gymboree's Plan
GGI HOLDINGS: Hires GlassRatner Advisory as Financial Advisor
GMS INC: S&P Alters Outlook to Negative, Affirms 'BB-' ICR
GNC CORP: Egan-Jones Lowers Commercial Paper Ratings to D

GULFPORT ENERGY: OKs Salary Deductions for Senior Management Team
GULFPORT ENERGY: Updates its 2020 Operational & Financial Guidance
HAWAIIAN HOLDINGS: Egan-Jones Cuts Unsecured Debt Ratings to B-
HOVNANIAN ENTERPRISES: Posts $4.1M Net Income in Second Quarter
HYTERA AMERICA: Says Motorola Litigation Induced Chapter 11 Filing

IAMGOLD CORPORATION: Egan-Jones Cuts Unsecured Debt Ratings to B+
J.C. PENNEY: Launches New Home Brand After Bankruptcy Store Closure
JADOOTV INC: Needs Additional Time to Formulate Chapter 11 Plan
JC PENNEY: U.S. Trustee Appoints Creditors' Committee
KEYSTONE PIZZA: Already Struggling Pre-Covid, Now in Chapter 11

LAMAR ADVERTISING: Egan-Jones Cuts FC Sr. Unsecured Rating to BB-
LATAM AIRLINES: To Return 19 Planes to Lessors
LIQUID COLLECTIVE: Seeks to Hire Davis Law as Bankruptcy Counsel
LIZAMA CARRIERS: Taps Dorsey & Whitney as New Legal Counsel
MBIA INCORPORATED: Egan-Jones Cuts Senior Unsecured Ratings to B-

MICROCHIP TECHNOLOGIES: Egan-Jones Cuts FC Sr. Unsec. Rating to B+
MLF CONSULTING: Case Summary & 20 Largest Unsecured Creditors
NOBLE ENERGY: Egan-Jones Lowers Senior Unsecured Ratings to B
ONEWEB GLOBAL: Committee Hires Province Inc. as Financial Advisor
ONEWEB GLOBAL: Committee Taps Cole Schotz as Conflicts Counsel

ONEWEB GLOBAL: Committee Taps Jefferies as Investment Banker
PENLAND HEATING: Taps Oliver & Cheek as Legal Counsel
PHI INCORPORATED: Egan-Jones Lowers LC Commercial Paper Rating to B
PHUNWARE INC: Regains Compliance with Two Nasdaq Listing Rules
PIONEER NATURAL: Egan-Jones Cuts FC Senior Unsecured Rating to BB

PQ NEW YORK: Le Pain Quotidien Files for Bankruptcy in U.S.
PRIORITY HEALTHCARE: Voluntary Chapter 11 Case Summary
RADIAN GROUP: Egan-Jones Lowers FC Senior Unsecured Rating to BB+
REVLON INC: Egan-Jones Lowers Senior Unsecured Debt Ratings to D
ROBERT HUNT: U.S. Trustee Appoints Creditors' Committee

RTW RETAILWINDS INC: Warns Going Concern Doubt, Possible Bankruptcy
S. MYERS FARMS: Case Summary & 4 Unsecured Creditors
SCHMAUS FAMILY: Seeks to Hire Exit Realty as Real Estate Agent
SEAWALK INVESTMENTS: Seeks to Hire GGG Advisors as Consultant
SENIOR PRO SERVICES: Seeks Approval to Hire American HealthCare

SIGNATURE INSURANCE: Voluntary Chapter 11 Case Summary
SM-T.E.H. REALTY: Hires Lexington Realty as Property Manager
SOUTH BEACH STREET: Seeks to Hire Zimmerman Kiser as Attorney
SUPERIOR ENERGY: Cancels Merger Agreement with Forbes Energy
SYNCHRONOSS TECHNOLOGIES: Egan-Jones Cuts Unsecured Ratings to CCC-

TIDWELL BROS: Seeks to Hire Wernick Law as Legal Counsel
TRI-STAR LOGGING: U.S. Trustee Unable to Appoint Committee
TUESDAY MORNING: Deadline for Committee Applications Set for June 8
UGI CORP: Egan-Jones Lowers Senior Unsecured Debt Ratings to BB+
ULTRA PETROLEUM: U.S. Trustee Appoints Creditors' Committee

UNDER ARMOUR: Egan-Jones Lowers Sr. Unsecured Debt Ratings to B+
VECTOR GROUP: Egan-Jones Lowers FC Senior Unsecured Rating to CCC
VICTERRA ENERGY: U.S. Trustee Appoints Creditors' Committee
WHITING PETROLEUM: Committee Hires Conway as Financial Advisor
WHITING PETROLEUM: Committee Hires Pachulski Stang as Lead Counsel

WHITING PETROLEUM: Committee Taps Gray Reed as Local Counsel
YUMA ENERGY: Seeks to Hire Dorsey & Whitney as New Legal Counsel
[*] Global Air Transport Industry Hit Hard By Covid-19
[*] Over 240 Energy Companies Could File for Bankruptcy by 2021
[*] Texas Economy Could Lose $24B If Oil Prices Remain Low


                            *********

5BARZ INTERNATIONAL: Seeks to Hire RSM US as Accountant
-------------------------------------------------------
5Barz International Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Florida to employ RSM US LLP to
act as its accountant.

The professional services that RSM proposes to render are preparing
Debtor's 2019 tax return(s), negotiating with the IRS as to its
disputed penalties & interest claims relating to certain
pre-petition tax years, and any related services that may be
appropriate.

RSM will charge Debtor at the following hourly rates:

     Partners             $840
     Managers             $495
     Senior Accountants   $275
     Staff Accountants    $205
     Interns              $140

RSM is "disinterested," as such term is defined in 11 U.S.C. Sec.
101(14), and does not represent any interest
adverse to the Debtor, according to court filings.

The firm can be reached through:

     John Archer
     RSM US LLP
     801 Brickell Avenue, Suite 1050
     Miami, FL 33131
     Phone: 305-446-0114

                   About 5Barz International

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

5Barz International filed a Chapter 11 petition (Bankr. S.D. Fla.
Case No. 20-14866) on Apr. 30, 2020. At the time of the filing,
Debtor had estimated assets of less than $50,000 and estimated
liabilities of between $1 million and $10 million. The petition was
signed by Daniel Bland, Debtor's chief executive officer.

Judge Robert A. Mark oversees the case.

Debtor is represented by Nathan G. Mancuso, Esq., at Mancuso Law,
P.A.


ADVANTAGE HOLDCO: Files for Bankruptcy as COVID-19 Hits Business
----------------------------------------------------------------
Nathan Bomey, writing for USA TODAY, reports that car rental
company Advantage Rent a Car filed for Chapter 11 bankruptcy as the
Coronavirus pandemic has impacted the travel industry.

Advantage Rent A Car followed larger rival Hertz into Chapter 11
bankruptcy.  The move comes amid a massive slowdown in leisure and
business travel. Hertz is hoping to stay alive after filing for
bankruptcy without a restructuring plan in place.

It's at least the third Chapter 11 bankruptcy filing for Advantage,
which also filed in 2008 and 2013.  The company's most recent
bankruptcy ended with its sale to Catalyst.  Advantage went on to
acquire E-Z Rent-A-Car under Catalyst's ownership.

                   About Advantage Rent a Car

Advantage Rent A Car -- http://www.advantage.com/-- is a car
rental company with 50 locations in the U.S. and 130 international
affiliate locations.  The parent entity, Advantage Holdco, is owned
by Toronto-based Catalyst Capital Group.  Advantage has locations
in 27 markets, including New York, Los Angeles, Orlando, Las Vegas
and Hawaii, according to its website.

Advantage Holdco, Inc., doing business as Advantage Rent a Car,
sought Chapter 11 protection (Bankr. D. Del. Case No. 20-11259) on
May 26, 2020.
Six related entities also sought bankruptcy protection.

The Hon. John T. Dorsey is the case judge.

Advantage was estimated to have $100 million to $500 million in
assets and $500 million to $1 billion in liabilities as of the
bankruptcy filing.

The Debtors tapped COLE SCHOTZ P.C. as counsel; and MACKINAC
PARTNERS, LLC, as restructuring advisor.


ALLIANCE RESOURCE: Egan-Jones Lowers Senior Unsecured Ratings to B
------------------------------------------------------------------
Egan-Jones Ratings Company, on  May 29, 2020, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Alliance Resource Partners LP to B from B+. EJR also
downgraded the rating on commercial paper issued by the Company to
B from A2.

Headquartered in Tulsa, Oklahoma, Alliance Resource Partners, L.P.
produces and markets coal to United States utilities and industrial
users.



ALY EATERY: Seeks to Hire Darby Law Practice as Counsel
-------------------------------------------------------
Aly Eatery, Inc. seeks authority from the US Bankruptcy Court for
the District of Nevada to employ Darby Law Practice, Ltd. as its
counsel.

Aly Eatery requires Darby Law to:

      a. advise the Debtor of its rights, powers and duties as a
debtor and debtor in possession in the continued operation of
business and management of their properties;

      b. take all necessary action to protect and preserve the
Debtor's estate, including the prosecution of actions on the
Debtor's behalf, the defense of any actions commenced against the
Debtor, the negotiation of disputes in which the Debtor is
involved, and the preparation of objections to claims filed against
the Debtor's estate;

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

      d. attend meetings and negotiations with the Subchapter 5
trustee, representatives of creditors, equity holders or
prospective investors or acquirers and other parties in interest;

      e. appear before the Court, any appellate courts and the
Office of the United States Trustee to protect the interests of the
Debtor;

      f. pursue approval of confirmation of a plan of
reorganization and approval of the corresponding solicitation
procedures and disclosure statement; and

      g. perform all other necessary legal services.

The hourly rates for Darby professionals range from $400-$450.

The Debtor paid Darby Law a retainer fee in the amount of $4,217,
including the Chapter 11 filing fee.

The firm can be reached through:

     Kevin A. Darby, Esq.
     DARBY LAW PRACTICE
     4777 Caughlin Pkwy
     Reno, NV 89519
     Phone: 775-322-1237
     E-mail: kevin@darbylawpractice.com

                    About Aly Eatery, Inc.

Based in Reno, Nevada, Aly Eatery, Inc. filed its voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev.
Case No. 20-50471) on May 4, 2020, listing under $1 million on both
assets and liabilities. Kevin A. Darby, Esq. at Darby Law Practice,
Ltd. represents the Debtor as counsel.


BAYTEX ENERGY: Egan-Jones Lowers Senior Unsecured Ratings to CCC
----------------------------------------------------------------
Egan-Jones Ratings Company, on May 27, 2020, downgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Baytex Energy Corporation to CCC from B-. EJR also downgraded
the rating on commercial paper issued by the Company to C from B.

Headquartered in Calgary, Canada, Baytex Energy Corporation
explores for and produces oil and natural gas.



BLUCORA INC: Egan-Jones Lowers Senior Unsecured Ratings to B
------------------------------------------------------------
Egan-Jones Ratings Company, on May 26, 2020, downgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by  Blucora Incorporated to B from BB+. EJR also downgraded the
rating on commercial paper issued by the Company to B from A2.

Headquartered in Irving, Texas, Blucora, Incorporated provides
online solutions for consumers and business partners.



BRIGGS & STRATTON: Egan-Jones Cuts Sr. Unsecured Debt Ratings to CC
-------------------------------------------------------------------
Egan-Jones Ratings Company, on May 28, 2020, downgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Briggs & Stratton Corporation to CC from CCC+. EJR also
downgraded the rating on commercial paper issued by the Company to
D from C.

Headquartered in Wauwatosa, Wisconsin, Briggs & Stratton
Corporation designs, manufactures, markets, and services air cooled
gasoline engines for outdoor power equipment.



CABOT MICROELECTRONIC: Egan-Jones Cuts FC Sr. Unsec. Rating to BB-
------------------------------------------------------------------
Egan-Jones Ratings Company, on May 27, 2020, downgraded the foreign
currency senior unsecured ratings on debt issued by Cabot
Microelectronics Corporation to BB- from BBB-.  

Headquartered in Aurora, Illinois, Cabot Microelectronics
Corporation supplies slurries used in chemical mechanical
planarization, a polishing process used in the manufacture of
integrated circuit devices.



CENTRAL GARDEN: Egan-Jones Hikes Senior Unsecured Ratings to B+
---------------------------------------------------------------
Egan-Jones Ratings Company, on  May 29, 2020, upgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Central Garden & Pet Company to B+ from B.

Headquartered in Walnut Creek, California, Central Garden & Pet
Company supplies consumer lawn and garden and pet supply products.




CHESTER J. MARINE: Case Summary & 9 Unsecured Creditors
-------------------------------------------------------
Debtor: Chester J. Marine, LLC
        #10 Kingsridge Loop
        Houma, LA 70363

Business Description: Chester J. Marine, LLC is a provider of
                      inland water freight transportation
                      services.

Chapter 11 Petition Date: June 4, 2020

Court: United States Bankruptcy Court
       Eastern District of Louisiana

Case No.: 20-11002

Judge: Hon. Meredith S. Grabill

Debtor's Counsel: Robert L. Marrero, Esq.
                  LAW OFFICE OF ROBERT L. MARRERO
                  401 Whitney Ave.
                  Suite 126
                  Gretna, LA 70056
                  Tel: (504) 366-8025
                  E-mail: marrero1035@bellsouth.net

Total Assets: $1,004,125

Total Liabilities: $361,889

The petition was signed by Larry P. Fitch, member/manager.

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

                    https://is.gd/efmmVW


CITGO PETROLEUM: S&P Rates $750MM Senior Secured Notes 'B+'
-----------------------------------------------------------
S&P Global Ratings assigned its 'B+' rating and '1' recovery rating
to Citgo Petroleum Corp.'s $750 million senior secured notes due in
2025. The '1' recovery rating indicates S&P's expectation for very
high (90%-100%; rounded estimate: 95%) recovery in the event of a
default.

The notes rank pari passu with Citgo Petroleum's existing senior
secured notes and term loan with a first-priority claim on the
company's assets. The Company intends to use the net proceeds from
the sale of the notes to repay all $614 million outstanding under
the Company's term loan B due 2021 and accrued and unpaid interest
under the term loan B due 2021, pay all fees and expenses in
connection with the offering, and for working capital and general
corporate purposes.

Issue Ratings - Recovery Analysis

Key analytical factors

-- S&P's default and recovery analysis for refinery companies
recognizes that the sector is capital-intensive, highly
competitive, and has erratic profitability with periods of weak to
negative margins based on high fixed costs, fluctuating commodity
input, output prices based on shifting supply, and demand
dynamics.

-- S&P's simulated default scenario assumes that a default is most
likely during a downturn in the sector when refinery margins are
low and cash flow is constrained. Furthermore, S&P assumes this
financial stress causes suppliers to tighten credit terms or demand
cash or letters of credit to support purchases. This contributes to
a liquidity shortfall and payment default. Required capital
expenditures for periodic maintenance, upgrades, or regulatory and
environmental requirements could also contribute to tightened
liquidity and a default.

Simulated default assumptions

-- S&P assumes a default in 2022 on a consolidated basis
(Petroleum and Holding) because of low EBITDA from unfavorable
margins and plant operational problems during a cyclical downturn
in the volatile refining sector.

-- S&P expects CITGO would reorganize rather than be liquidated
following a default. It assumes all of the company's refineries
will continue to operate given the continued need for refined
petroleum products, the limited number of refineries in the U.S.,
and the difficulty of building new facilities because of
regulations and the high capital investment required. S&P assumes a
default during a cyclical downturn when refining margins and cash
flow may be poor or negative, but the rating agency expects the
valuation of the refineries to reflect anticipation of a return to
more favorable market conditions given historical cyclicality.

-- To value CITGO, S&P applies a multiple of valuation of $2,750
per barrel per day of throughput, given the high complexity rating
of the refineries. Furthermore, S&P estimates an inventory
valuation of approximately $1.42 million assuming a $50 per barrel
crude oil price, accounts receivable of $850 million, and an
estimated terminal valuation of $672 million assuming a $30
multiple per barrel of storage capacity.

-- S&P did not attribute any value to CITGO-branded retail gas
stations, because those are independently owned and operated.

Simplified waterfall

CITGO Holding Inc.:

-- Simulated year of default: 2022
-- Value at emergence: $4.74 billion
-- Net enterprise value after 5% administrative costs: $4.5
billion
-- Net priority claims at CITGO Petroleum: $0
-- Net value to service CITGO Petroleum claims: $4.5 billion
-- CITGO Petroleum senior secured claims: $2.95 billion
-- Recovery estimate: 90%-100% (rounded estimate: 95%; recovery
rating '1')
-- Net value to service CITGO Holding claims: $1.55 billion
-- CITGO Holding senior secured claims: $1.96 billion
-- Recovery estimate: 70%-90% (rounded estimate: 75%; recovery
rating '2')

CITGO Petroleum Corp.:

-- Simulated year of default: 2022
-- Value at emergence: $4.42 billion
-- Net enterprise value after 5% administrative costs: $4.2
billion
-- Priority claims: $177 million
-- Total collateral value available to secured debt: $4 billion
-- Senior secured claims: $2.775 billion
-- Recovery estimate: 90%-100% (rounded estimate: 95%; recovery
rating '1')


CITIUS PHARMACEUTICALS: Receives Positive Feedback From FDA
-----------------------------------------------------------
Citius Pharmaceuticals, Inc. has received positive feedback from
the Food and Drug Administration (FDA) on its proposed catheter
compatibility studies for the Company's Mino-Lok therapy.  The
studies, if and when successfully completed, should allow Mino-Lok
to be labeled for use with all commercially available central
venous catheters (CVCs) and peripherally inserted central catheters
(PICCs) on the U.S. market.  It is further assumed that these
studies will meet European and world standards.

The ability to be labeled without restrictions with respect to
catheter type would allow Mino-Lok unrestricted access to the full
U.S. and world markets for an effective antibiotic lock therapy for
central line-associated bloodstream infections (CLABSIs), which are
estimated to be over $1.5 billion per year worldwide.  The catheter
compatibility studies will be conducted in parallel with the
completion of the ongoing Phase 3 clinical study.  The Company
announced in early February 2020 that this pivotal trial had
reached the halfway point for enrollment.  The next milestone in
the trial is the result of an interim efficacy analysis, which is
expected to occur in the second half of 2020.

"We believe we continue to check all the boxes required for an NDA
submission," commented Myron Holubiak, chief executive officer of
Citius.  "According to our planned dosing recommendations, the
Mino-Lok solution dwells in the catheter for two hours per day for
5 to 7 days.  This would be between 10 to 14 hours of aggregate,
but intermittent, exposure time of the catheter to Mino-Lok.  We
believe that this exposure is far lower than what is recommended
for home-brewed antibiotic lock solutions, which should lead to
less intrusive therapy and fewer days on therapy for patients."

"The shorter dwell time for Mino-Lok also means that the catheter
is available for its intended purpose, allowing treatment for the
underlying disease to continue.  Additionally, and more
importantly, our pivotal trial is designed to show the superiority
of Mino-Lok to standard antibiotic locks in
time-to-catheter-failure.  If all these studies prove to be
successful, we believe ready-to-use Mino-Lok will be superior to
home-brewed antibiotic locks in both efficacy and dosing
schedules," Mr. Holubiak concluded.

Mino-Lok is an antibiotic lock solution used to treat patients with
CLABSIs and catheter-related bloodstream infections (CRBSIs) in
combination with an appropriate systemic antibiotics to preserve
central venous access and to avoid the complications and
morbidities associated with catheter removal and reinsertion
procedures.  It has the potential to change the standard of care,
which currently calls for a procedure to remove and replace the
infected catheter.  Each year, up to 500,000 CVCs of the 7 million
used become infected and lead to CLABSIs, increasing both patient
morbidity risk and costs to the medical system.  It has been shown
that antibiotics alone are unable to penetrate the biofilm caused
by bacteria, and there are currently no approved therapies for
salvaging infected central venous catheters. According to
DelveInsight, the market size of CLABSIs and closely associated
CRBSIs in the global market is expected to reach $1.84 billion in
2028, up from $1.24 billion in 2017.

                          About Citius

Headquartered in Cranford, NJ, Citius Pharmaceuticals, Inc. --
http://www.citiuspharma.com/-- is a specialty pharmaceutical
company dedicated to the development and commercialization of
critical care products targeting unmet needs with a focus on
anti-infectives, cancer care and unique prescription products.

Citius reported a net loss of $15.56 million for the year ended
Sept. 30, 2019, a net loss of $12.54 million for the year ended
Sept. 30, 2018, and a net loss of $10.38 million for the year ended
Sept. 30, 2017.  As of March 31, 2020, Citius had $26.49 million in
total assets, $4.05 million in total liabilities, and $22.44
million in total stockholders' equity.

Wolf & Company, P.C., in Boston, Massachusetts, the Company's
auditor since 2014, issued a "going concern" qualification in its
report dated Dec. 16, 2019, citing that the Company has suffered
recurring losses and negative cash flows from operations and has a
significant accumulated deficit.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


COGENT COMMUNICATIONS: Egan-Jones Cuts FC Sr. Unsec. Rating to B
----------------------------------------------------------------
Egan-Jones Ratings Company, on May 27, 2020, downgraded the foreign
currency senior unsecured rating on debt issued by Cogent
Communications Holdings Inc. to B from B+. EJR also downgraded the
rating on FC commercial paper issued by the Company to B from A3.

Headquartered in Washington, D.C., Cogent Communications Holdings,
Inc. operates as a next-generation optical Internet service
provider focused on delivering ultra-high speed Internet access and
transport services.



COMCAR INDUSTRIES: U.S. Trustee Appoints Creditors' Committee
-------------------------------------------------------------
The Office of the U.S. Trustee for Region 3 appointed a committee
to represent unsecured creditors in the Chapter 11 case of Comcar
Industries, Inc.

The committee members are:

     1. Navistar Leasing Company
        Attn: George Jones
        2701 Navistar Drive
        Lisle, IL 60532
        Phone: 331-332-4407   

     2. Resources Global Professionals
        Attn: Michelle Gouvion
        17101 Armstrong Avenue
        Irvine, CA 92614
        Phone: 714-430-6575

     3. Express Container Services. LLC
        210 Essex Avenue East
        P.O. Box 539
        Avenel, NJ 07001
        Phone: 513-769-8265
        Fax: 513-769-6501   
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                      About Comcar Industries

Comcar Industries is a transportation and logistics company
headquartered in Auburndale, Fla., with over 40
strategically-located terminal and satellite locations across the
United States.  For more information, visit https://comcar.com/

On May 17, 2020, Comcar Industries and related entities sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 20-11120).  In
the petitions signed by CRO Andrew Hinkelman, Comcar Industries was
estimated to have $50 million to $100 million in assets and
liabilities as of the bankruptcy filing.

The Hon. Laurie Selber Silverstein is the presiding judge.

Debtors tapped DLA Piper LLP (US) as counsel; FTI Consulting, Inc.
as financial advisor; and Bluejay Advisors, LLC as investment
banker.  Donlin Recano & Company, Inc. is the claims agent.


CONTINENTAL RESOURCES: Egan-Jones Cuts FC Sr. Unsec. Rating to BB-
------------------------------------------------------------------
Egan-Jones Ratings Company, on May 26, 2020, downgraded the foreign
currency senior unsecured rating on debt issued by Continental
Resources Inc/OK to BB- from BB.

Continental Resources, Inc., based in Oklahoma City, is focused on
the exploration and production of on-shore oil-prone plays in the
United States.



CONTURA ENERGY: S&P Downgrades ICR to 'CCC+'; Outlook Negative
--------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S.-based
coal producer Contura Energy Inc. to 'CCC+' from 'B-'. The outlook
is negative. S&P also lowered its issue-level rating on the
company's senior secured debt to 'CCC+' from 'B'.

S&P expects earnings to deteriorate due to continued weakness in
coal markets further accelerated by the COVID-19 pandemic.   After
metallurgical (met) coal prices fell nearly 30% in the second half
of 2019, the met coal market continued to exhibit weakness in the
first quarter of 2020. However, unlike pricing, met coal volumes
sold held up relatively well in the first few months of the year
because new pockets of demand and the pared down supply chain were
still able to support the compensatory rerouting of met coal
orders. This allowed Contura to capitalize on its cost-cutting
efforts, resulting in met coal cash costs reaching multiyear lows
in the first quarter. However, S&P anticipates increasingly
difficult conditions as 2020 progresses.

"In our view, the thermal coal sector is in secular decline due to
cheaper and cleaner competing natural gas. This has been
accentuated with the recent collapse in oil and gas prices. More
generally, we expect ongoing recessionary pressures due to the
coronavirus pandemic will emphasize slowdowns to the steel and
energy industries supplied by the met and thermal coal,
respectively. Contura has received force majeure and customer
deferral notices from some met and thermal coal customers. If this
eventually translates into notably lower volumes, economies of
scale will deteriorate, compromising the recent cost improvements,"
S&P said.

"We believe these factors will materially reduce coal realizations,
pushing Contura's revenues below $2 billion in 2020 compared with
$2.29 billion in 2019. With moderate cost improvements offset by a
lower pricing environment, we adjusted leverage to approach 6x
toward the end of 2020 before subsequently improving if commodity
markets recover as we are forecasting," the rating agency said.

Capital markets have become increasingly inaccessible to coal
companies, raising refinancing risks even for longer-dated debt.  
A number of factors, including increasing investor activism
associated with environmental, social, and governance (ESG)
factors, as well as the ongoing secular decline of thermal coal and
volatile met coal prices, have resulted in capital markets that are
less receptive to coal companies looking to raise capital. S&P is
observing diminishing access to capital markets for the sector as a
whole, even for companies like Contura with sufficient debt service
coverage ratios. While the majority of Contura's debt is not due
until 2024, its debt is trading below par and its stock price has
fallen close to 95% over the past year due to challenging market
conditions. If poor credit measures endure, Contura's capital
structure might prove to be unsustainable in its current state, and
the company might need to identify alternative sources of financing
in the longer term.

Efforts to improve cost efficiency will not be sufficient to offset
weaker pricing over the next year.   Contura has undertaken a
number of efforts targeted to improve the company's level of
profitability, which has historically lagged other predominantly
met coal producers that S&P rates. Capital spending in 2020 is
heightened by the accelerated construction of a new impoundment at
Cumberland mine. The company has also identified some met coal
projects to reduce met coal costs. Finally, Contura is scaling down
its thermal operations, which are characterized by lagging
contribution margins. Due to these ongoing efforts, Contura was
able to reduce the Central Appalachian segment's net cost to $70.68
per ton compared with $82.36 per ton for the fourth quarter of
2019. However, these cost reduction measures are unlikely to offset
weaker coal pricing through the rest of 2020. Instead, S&P
anticipates any benefits to accrue if commodity prices and the
economy improve next year and capital spending comes down.

"The negative outlook reflects our view that while we expect
Contura will have adequate sources of liquidity to weather the weak
levels of demand and low prices over the next 12 months, a great
deal of uncertainty remains. A second wave of COVID-19, along with
deeper declines in demand, could lead to mine closures that would
accelerate the depletion of cash reserves," S&P said.

S&P could lower the rating on Contura if it envisioned a specific
scenario in which the company would default within 12 months. Such
a scenario could result from order cancellations as a result of
extended and deep reductions in demand, leading to negative cash
flows. Specific conditions S&P would evaluate include:

-- If S&P forecasts a near-term liquidity shortfall, or

-- If S&P considered a distressed exchange or redemption to be
likely.

S&P could revise its outlook on Contura to stable if commodity
markets began to improve or at least stabilize, and the rating
agency had an improved view of global coal demand. In this
scenario, S&P would also expect market indicators, including debt
and equity prices, to improve. In addition, S&P would consider
raising the rating if any of the following conditions were met:

-- Adjusted leverage fell below 4x;

-- Discretionary cash flow (DCF, operating cash flow less capital
spending and dividends) were positive; and

-- EBITDA margins increased above 15%.


COOPER TIRE: Egan-Jones Lowers Sr. Unsecured Debt Ratings to B-
---------------------------------------------------------------
Egan-Jones Ratings Company, on May 28, 2020, downgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Cooper Tire & Rubber Company to B- from B.

Headquartered in Findlay, Ohio, Cooper Tire & Rubber Company
manufactures and markets replacement tires.



CORNERSTONE ONDEMAND: Egan-Jones Cuts LC Sr. Unsec. Ratings to CCC
------------------------------------------------------------------
Egan-Jones Ratings Company, on May 26, 2020, downgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Cornerstone OnDemand Inc to CCC from CCC-.

Headquartered in Santa Monica, California, Cornerstone OnDemand,
Inc. develops and markets on-demand employee development computer
software.



CSC HOLDINGS: S&P Rates $1.1BB New Guaranteed Notes 'BB'
--------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '2'
recovery rating to CSC Holdings LLC's proposed $1.1 billion
guaranteed notes due 2030. The '2' recovery rating indicates its
expectation for substantial recovery (70%-90%; rounded estimate:
70%) in a simulated default scenario.

At the same time, S&P assigned its 'B' issue-level rating and '6'
recovery rating to the company's $625 million unsecured notes due
2030. The '6' recovery rating indicates S&P's expectation for
negligible recovery (0%-10%; rounded estimate: 0%) in a default
scenario.

S&P's 'BB-' issuer credit rating on Altice USA Inc. is unaffected
by this leverage-neutral transaction because it will use the
proceeds to repay a similar amount of debt. While Altice USA could
use its annual free operating cash flow (FOCF) generation of about
$1.2 billion-$1.3 billion to deleverage, S&P expects the company to
repurchase about $1 billion of stock in the last nine months of
2020, which will limit its debt reduction. S&P expects Altice's
EBITDA to be relatively flat over the next year because its demand
from small- to midsize businesses is being negatively affected by
COVID-19 and the associated recession. It also expects that the
company's video subscriber losses will accelerate in the second
half of the year as consumers attempt to save money by switching to
streaming alternatives.

"We believe these trends will be offset by the increased demand for
residential internet, which accounts for the majority of Altice's
earnings and cash flow. Therefore, we expect the company's
S&P-adjusted debt-to-EBITDA ratio to remain between 5.0x and 5.5x
throughout 2020, which is below our 5.5x downgrade trigger at the
current rating," S&P said.


CYTODYN INC: Removes Interim Tag from CFO Mulholland's Title
------------------------------------------------------------
The Board of Directors of CytoDyn Inc. promoted current interim
Chief Financial Officer Michael D. Mulholland to chief financial
officer.  Mr. Mulholland was appointed interim chief financial
officer on April 23, 2020 upon the departure of the former Chief
Financial Officer Craig S. Eastwood.  Mr. Mulholland joined the
Company in December 2012 and served as chief financial officer,
treasurer and corporate secretary until November 2019, when he
assumed the position of SVP-Finance and executive advisor to the
CEO.

On May 27, 2020, the Compensation Committee of the Board set the
annual base salaries for the Chief Executive Officer, Nader
Pourhassan, Ph.D., at $1,000,000 and Chief Financial Officer, Mr.
Mulholland, at $425,000, effective June 1, 2020.

             Patel Named Nominating Committee Chair

On April 23, 2020, CytoDyn Inc. filed a Current Report on Form
8-K to announce the appointment of a new independent director,
Samir R. Patel, M.D., on April 17, 2020, to the Company's Board of
Directors.  At the time of the Original Filing, the Company had not
made a determination regarding Board Committee assignments for Dr.
Patel.

On May 27, 2020, the Board appointed Dr. Patel to the Board's
Nominating and Governance Committee as its chair.

Other than the preceding disclosure, no other changes have been
made to the Original Filing pursuant to this Report.

                     About CytoDyn Inc.

Headquartered in Vancouver, Washington, CytoDyn Inc. --
http://www.cytodyn.com/-- is a late-stage biotechnology company
focused on the clinical development and potential commercialization
of leronlimab (PRO 140), a CCR5 antagonist to treat HIV infection,
with the potential for multiple therapeutic indications.  

As of Feb. 29, 2020, the Company had $38.82 million in total
assets, $43.20 million in total liabilities, and a total
stockholders' deficit of $4.38 million.

Warren Averett, LLC, in Birmingham, Alabama, the Company's auditor
since 2007, issued a "going concern" qualification in its report
dated Aug. 14, 2019, on the Company's consolidated financial
statements for the year ended May 31, 2019, citing that the Company
incurred a net loss of approximately $56,187,000 for the year ended
May 31, 2019 and has an accumulated deficit of approximately
$229,363,000 through May 31, 2019, which raises substantial doubt
about its ability to continue as a going concern.


DEAN JONES FARMS: Seeks to Hire Gillespie & Murphy as Counsel
-------------------------------------------------------------
Dean Jones Farms, Inc. seeks authority from the US Bankruptcy Court
for the Eastern District of North Carolina to employ Gillespie &
Murphy, PA, as its counsel.

The firm will advise the Debtor of its powers and duties under the
Bankruptcy Code and will provide other legal services in connection
with its Chapter 11 case.

The retainer fee is $10,000, of which $3,069 was paid to the firm
for its fees while $1,717 was used to pay the filing fee.

Jonathan Friesen, Esq., at Gillespie & Murphy, disclosed in court
filings that he and his firm neither hold nor represent any
interest adverse to the Debtor's bankruptcy estate.

Gillespie & Murphy can be reached through:

     Jonathan E. Friesen, Esq.
     Gillespie & Murphy, P.A.
     PO Drawer 888
     New Bern, NC 28563
     Phone: (252) 636-2225
     Fax: (252) 636-0625
     Email: jef@gillespieandmurphy.com
            gmpa@lawyersforchrist.com

                         About Dean Jones Farms, Inc.

Based in Snow Hill, North Carolina, Dean Jones Farms, Inc. sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.C.
Case No. 20-01829) on May 5, 2020, listing under $1 million in both
assets and liabilities.  Jonathan E. Friesen at Gillespie & Murphy,
PA, represents the Debtor as counsel.


DECO ENTERPRISES: Seeks to Extend Exclusivity Period to Sept. 21
----------------------------------------------------------------
Deco Enterprises, Inc. requests the U.S. Bankruptcy Court for the
Central District of California to extend until Sept. 21 the
exclusivity period to file a plan and set Nov. 20 as the last day
upon which the company may secure acceptances of its plan.

Given that the May 29 bar date for filing proofs of claim has yet
to pass, Deco's management and the Aver Firm -- Deco's general
insolvency counsel -- require additional time to analyze and
evaluate all creditors' claims, which will affect distribution to
creditors, and to prepare a disclosure statement and plan of
reorganization.

                     About Deco Enterprises

Deco Enterprises, Inc., manufactures lighting fixtures and
systems.

Deco Enterprises filed a voluntary petition under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 20-11846) on Feb. 20,
2020. In the petition signed by Babak Sinai, president/chief
executive officer, the Debtor was estimated to have $1 million to
$10 million in assets and $10 million to $50 million in
liabilities.  Raymond H. Aver, Esq., at the Law Offices of Raymond
H. Aver, APC, is the Debtor's counsel.



DEL MONTE FOODS: S&P Raises ICR to CCC+ on Refinancing
------------------------------------------------------
S&P Global Ratings raised the issuer credit rating on U.S.–based
Del Monte Foods Inc.(DMFI) to 'CCC+' from 'CCC'. S&P removed the
rating from CreditWatch, where S&P placed it with positive
implications on April 30, 2020. S&P no longer envisioned default
scenarios in the next 12 months as the capital structure of DMFI
has been refinanced and all transactions mentioned above are
completed. Additionally, this incorporates S&P's expectation for
the $187 million of current maturities at DMPL to be refinanced in
the next few months.

S&P is assigning a final 'CCC+' issue-level and '3' recovery rating
to the senior secured notes that it previously rated preliminarily.
S&P is also withdrawing its ratings on the company's prior first-
and second-lien term loans.

The upgrade reflects the refinancing of its prior capital structure
and closing of the company's new ABL facility.

DMFI raised $500 million senior secured notes due 2025. Although
the rate of 11.875% on the notes is high, S&P believes the
refinancing improves the company's financial risk profile and
provides operating flexibility. The refinancing has reduced the
debt burden at DMFI to $540 million (not including seasonal
borrowings of $225 million on the ABL) from $1.2 billion in its
former capital structure. The lower debt burden allows for a
significant improvement in leverage over the next 12 months from
the high-double-digits to the high-single-digits. However, the
improvement is largely dependent on the company's new asset-light
strategy achieving $68 million in annual cost savings, which are
not expected to be fully realized until the end of fiscal 2021.

"In our view, these savings can be achieved based on the
information presented. We acknowledge the timing of when savings
will be realized could change and more costs could be incurred to
achieve them as the company manages its turnaround strategy.
Leverage for the 12 months ended January 2020 remains in the
double-digit percents because the company has incurred noncash
costs of over $70 million, largely to complete its asset-light
strategy transformation. If the company achieves its plan,
including a run-rate EBITDA of $140 million, we forecast leverage
could fall closer to 6.5x in fiscal 2022," S&P said.

In addition to its asset-light strategy and the right-sizing of the
business, the company has renegotiated some of its supplier
contracts. Most savings will come from fixed overhead costs (offset
by fees the company will pay co-packers and other logistics costs),
consolidated purchasing of raw materials, renegotiated supplier
contracts, and savings from headcount reduction, benefits, IT, and
infrastructure. Most of these savings are expected to be realized
in 2021, with the full realization in 2022.

DMPL will likely refinance the upcoming 2020 maturities or extend
the maturities in the near term.

DMPL has about $187 million of maturities in 2020. The company has
commitments from Asian banks for the majority of the debt. If the
company does not address these maturities, this could pressure the
group ratings.

COVID-19-related growth is not considered sustainable, but the
company should benefit during the recession.

The company's shelf-stable product portfolio of canned vegetables
and aseptic broths has seen growth of 100% or more for March-April
2020 as U.S. consumers pantry-load due to stay-at-home orders.
However, to date, the core growth the company is experiencing is
not enough to offset the sales declines expected from the loss of
Sager Creek sales in fiscal 2020. Currently, the company has met
the increased demand without any issues or disruptions to its
cost-savings plan. However, as the
U.S. begins to ease stay-at-home restrictions, S&P expects demand
and sales for the company will normalize. The company's products
are cheaper alternatives to fresh produce and will likely see
improved demand during the ongoing recession caused by the
pandemic.

The stable outlook reflects S&P's expectation for the company to
improve EBITDA and generate positive free operating cash flow
(FOCF) in fiscal 2021 primarily through the realization of cost
savings from its asset-light model. It also incorporates S&P's
expectation that DMPL will address the calendar 2020 maturities in
the coming months.

"We could lower our ratings on Del Monte if we envision a default
scenario in the next 12 months, including DMPL not being able to
extend or refinance current maturities. Any weakness in Del Monte's
operating performance could also lead us to lower our rating,
especially if category declines accelerate or if the company makes
missteps in managing its seasonal inventory needs, which could also
lead to constrained liquidity and higher leverage. Specifically,
inventory buildup from lower sales could erode the availability
under its ABL facility if the company cannot generate the cash flow
to repay its balances," S&P said.

"We could raise our rating on Del Monte if we no longer view its
capital structure as unsustainable and leverage approaches 7.5x.
This could occur if the company achieves its EBITDA targets from
its asset-light strategy and maintained at these levels. A higher
rating would also be dependent on the company generating sufficient
FOCF, absent the support of DMPL," S&P said.


DELUXE CORP: Egan-Jones Lowers Senior Unsecured Ratings to BB-
--------------------------------------------------------------
Egan-Jones Ratings Company, on May 26, 2020, downgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Deluxe Corporation to BB- from BB.

Headquartered in Shoreview, Minnesota, Deluxe Corporation offers
check printing and related business services.




DEVON ENERGY: Egan-Jones Lowers LC Senior Unsecured Rating to B+
----------------------------------------------------------------
Egan-Jones Ratings Company, on May 22, 2020, downgraded the local
currency senior unsecured rating on debt issued by Devon Energy
Corp to B+ from BB-.

Headquartered in Oklahoma City, Oklahoma, Devon Energy Corporation
operates as an independent energy company that is involved
primarily in oil and gas exploration, development and production,
the transportation of oil, gas, and NGLs and the processing of
natural gas.


DIAMOND OFFSHORE: Seeks to Hire Paul Weiss Rifkind as Attorney
--------------------------------------------------------------
Diamond Offshore Drilling, Inc., and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the Southern District
of Texas, to hire Paul, Weiss, Rifkind, Wharton & Garrison LLP as
their attorneys.

The Debtors require Paul Weiss to:

     (a) provide legal advice with respect to the Debtors' powers
and duties as debtors-in-possession in the continued operation of
their business and management of their properties;

     (b) attend meetings and negotiating with representatives of
creditors and other parties-in-interest and advising and consulting
on the conduct of these Chapter 11 Cases, including the legal and
administrative requirements of operating in Chapter 11;

     (c) take necessary action to protect and preserve the
Debtors’ estates, including the action recently filed against
Beach Energy and the prosecution of actions commenced under the
Bankruptcy Code on their behalf, and objections to claims filed
against the estates;

     (d) prepare and prosecute on behalf of the Debtors all
motions, applications, answers, orders, reports, and papers
necessary to the administration of the estates;

     (e) advise and assist the Debtors with financing and
transactional matters as such may arise during the Chapter 11
Cases;

     (f) appear in Court and protecting the interests of the
Debtors before the Court; and

     (g) perform all other legal services for the Debtors that may
be necessary and proper in these Chapter 11 Cases.

The current standard hourly rates for Paul, Weiss's attorneys and
paralegals range from $1,225 to $1,650 for partners, $1,200 for
counsel, $665 to $1,110 for associates, and $115 to $380 for
paraprofessionals.

Attorneys who have primary responsibility for representing the
Debtors and their current hourly rates are:

     Paul Basta             $1,650
     Robert Britton         $1,265
     Christopher Hopkins    $1,065
     Alice Nofzinger        $980
     Shamara James          $880
     Ignacio Inigo Lozano   $665
     Jorge Gonzalez-Corona  $665

Paul M. Basta, Esq., partner at Paul Weiss, assures the court that
the firm is a "disinterested person" within the meaning of section
101(14) of the Bankruptcy Code, as required by section 327(a) of
the Bankruptcy Code, and does not hold or represent an interest
adverse to the Debtors' estates.

In accordance with Appendix B-Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, Paul M.
Basta disclosed that:

     -- it has not agreed to any variations from, or alternatives
to, its standard or customary billing arrangements for this
engagement;

     -- none of the professionals included in the engagement vary
their rate based on the geographic location of the bankruptcy
case;

     -- Paul, Weiss adjusts its billing rates on an annual basis
effective October 1st of each year. Accordingly, Paul, Weiss's
rates for timekeepers for its prepetition engagement on this matter
were, for the period of Dec. 16, 2019 to April 26, 2020, $1,225 to
$1,650 for partners, $1,200 for counsel, $665 to $1,110 for
associates and $115 to $380 for paraprofessionals; and

     -- the Debtor has approved the budget and staffing plan from
the Petition Date to July 31, 2020.

The firm can be reached through:

     Paul M. Basta, Esq.
     Paul, Weiss, Rifkind,
     Wharton & Garrison LLP
     1285 Avenue of the Americas
     New York, NY 10019-6064
     Tel: +1-212-373-3000
     Fax: +1-212-757-3990
     Email: pbasta@paulweiss.com

               About Diamond Offshore Drilling

Diamond Offshore Drilling, Inc., provides contract drilling
services to the energy industry worldwide. The company operates a
fleet of 15 offshore drilling rigs, including 4 drillships and 11
semisubmersible rigs. It serves independent oil and gas companies,
and government-owned oil companies. The company was founded in 1953
and is headquartered in Houston, Texas. Diamond Offshore Drilling,
Inc. is a subsidiary of Loews Corporation.

Diamond Offshore Drilling, Inc., along with its affiliates, filed a
voluntary petition for reorganization under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 20-32307) on April
26, 2020. The petitions were signed by David L. Roland, senior
vice
president, general counsel, and secretary.

As of Dec. 31, 2019, the Debtors estimated $5,834,044,000 in total
assets and $2,601,834,000 in total liabilities.

The case is assigned to Judge David R. Jones.

Genevieve M. Graham, Esq. at PORTER HEDGES LLP represents the
Debtor as counsel.


ECHOSTAR CORPORATION: Egan-Jones Cuts Sr. Unsecured Ratings to B+
-----------------------------------------------------------------
Egan-Jones Ratings Company, on May 27, 2020, downgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by EchoStar Corporation to B+ from BB-.

Headquartered in Englewood, Colorado, EchoStar Corporation operates
satellite communication infrastructures.



EDISON PRICE: Seeks to Hire Bronson Law Offices as Legal Counsel
----------------------------------------------------------------
Edison Price Lighting, Inc., seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire
Bronson Law Offices, P.C. as its legal counsel.

The firm's services will include assisting Debtor in preparing a
Chapter 11 plan, reviewing operating reports, and resolving claims
that should be disallowed.  

H. Bruce Bronson, Esq., the firm's attorney who will be providing
the services, charges an hourly fee of $450.  Paralegals and legal
assistants charge $200 per hour.

The firm received payment of $35,000 from Debtor.

Bronson Law Offices does not represent any interest adverse to
Debtor and its bankruptcy estate, according to court filings.

The firm can be reached through:

     H. Bruce Bronson, Esq.
     Bronson Law Offices, P.C.  
     480 Mamaroneck Ave.  
     Harrison, NY 10528
     Phone: 914-269-2530
     Email: hbbronson@bronsonlaw.net

                   About Edison Price Lighting

Located in Long Island City, N.Y., Edison Price Lighting Inc.
designs and manufactures architectural lighting fixtures.  Its
60,000-square-foot facility includes its office, full-scale
factory, testing lab, and the Edison Price Lighting Gallery.  For
more information, visit https://www.epl.com/

Edison Price Lighting sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. N.Y. Case No. 20-22614) on May 1,
2020.  At the time of the filing, Debtor disclosed assets of
between $1 million and $10 million and liabilities of the same
range.

Judge Robert D. Drain oversees the case.  Bronson Law Offices, P.C.
is Debtor's legal counsel.


ENDEAVOR ENERGY: S&P Rates Senior Unsecured Debt Offering 'BB-'
---------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating to
U.S.-based exploration and production company Endeavor Energy
Resources L.P.'s senior unsecured debt offering. S&P expects the
company to use the proceeds from this offering to fully repay
outstanding borrowings under its revolving credit facility and the
remaining net proceeds for general purposes.

S&P's 'BB-' long-term issuer credit rating and negative outlook on
Endeavor remain unchanged.



ENTREC CORP: Seeks Canadian Court OK for Financing, Sale Process
----------------------------------------------------------------
Nate Tabak, writing for Freight Waves, reports that trucking and
crane services provider ENTREC Corp. is asking a judge in Alberta
to allow the company to borrow up to C$30 million (about US$21.5
million) and to approve its plans to market its Canadian and U.S.
trucking and crane businesses, according to a court filing.  The
company intends to appoint Ernest and Young in Canada and Sequoia
in the U.S. as its sales agents.

According to the filing, the interim financing would come from a
syndicate led by Wells Fargo. ENTREC filed for creditor protection
after the lenders demanded immediate repayment of C$90 million
(about US$65 million).

It intends to keep its Canadian and U.S. businesses in operation
during the sale process, which it hopes to finalize by early August
2020. The company disclosed that it temporarily laid off five
employees that it had deemed nonessential. The company employs
about 230 in Canada and 140 in the U.S.

Much of its business comes from Canada's energy sector, already
plagued before COVID-19 and a collapse in oil prices.

"COVID-19 has reality killed demand in industries like oil and
mining," Peter Stefanovich, managing partner at LeftLane
Associates, a transportation and logistics mergers and acquisitions
advisory firm. "Even if there’s a temporary reprieve, you have
equipment that is very capitally intensive to maintain and
operate."

Since January 2020, it has sold off millions of dollars in assets
and equipment while restructuring the business. Much of the efforts
involved its crane services operations, court filings show.

As of May 15, 2020 it had reduced its long-term debt to C$95.3
million from C$130.9 million at the end of the year, court filings
show.

ENTREC listed the book value of its properties and equipment at
C$87.4 million. Its leased equipment is worth about C$38.3 million,
according to a court filing.

                      About Entrec Corp.

Alberta, Canada-based ENTREC Corporation -- http://www.entrec.com/
-- provides heavy lift and specialized transportation services with
offerings encompassing crane services, heavy haul transportation,
engineering, logistics and support. It is a heavy haul
transportation and crane solutions provider to the oil and natural
gas, construction, petrochemical, mining, and power generation
industries.  It specializes in transporting oversized and
overweight loads in Canada and the U.S. ENTREC's core businesses
consist of Alberta-based Capstan Hauling and ENT Oilfield Group,
and Texas-based ENTREC Cranes & Heavy Haul.  The company has a
fleet of 115 tractors and 125 cranes and picker trucks. ENTREC
specializes in moving oversized and overweight loads.

ENTREC filed for creditor protection in the Court of Queen's Bench
of Alberta Judicial Centre Calgary under Canada's Companies'
Creditors Arrangement Act on May 14, 2020.

ALVAREZ & MARSAL CANADA INC. is the monitor in the CCAA
proceedings. NORTON ROSE FULBRIGHT US LLP is the Canadian counsel
for the monitor.

ENTREC Corporation and its affiliates filed Chapter 15 petitions
(Bankr. S.D. Tex. Lead Case No. 20-32643) on May 15, 2020, to seek
U.S. recognition of the CCAA proceedings.  The Hon. Marvin Isgur is
the U.S. judge.

HUNTON ANDREWS KURTH LLP is the Debtors' U.S. counsel.


EQUINIX INC: Egan-Jones Hikes LC Senior Unsecured Rating to BB-
---------------------------------------------------------------
Egan-Jones Ratings Company, on May 27, 2020, upgraded the local
currency senior unsecured rating on debt issued by Equinix
Incorporated to BB- from B+.

Headquartered in Redwood City, California, Equinix, Inc. operates
as a real estate investment trust.



ERA GROUP: S&P Alters Outlook to Negative, Affirms 'B-' ICR
-----------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating on Era
Group Inc. and revised the outlook to negative from stable.

"Our 'B-' issue-level rating on Era's 7.75% senior unsecured notes
due 2022 remains on CreditWatch, where we placed it with positive
implications on Jan. 28, 2020. This reflects the likelihood that we
will upwardly revise the recovery rating to '2' from '3' upon the
close of Bristow Group Inc. deal, based on the pro forma capital
structure and additional fleet value," S&P said.

The collapse in oil prices has led offshore producers to curtail
spending and activity, which will hurt demand for offshore service
providers like Era.  

"Following the steep drop in oil prices, initiated by the
Saudi-Russian price war and worsened by the global COVID-19
pandemic, we expect a sharp decline in offshore activity, including
reduced exploration spending, delays in reaching final investment
decisions (FIDs) on new projects, and postponements to already
sanctioned projects. We expect offshore producers will remain
cautious in their willingness to commit capital to longer-term
offshore projects until oil supply-demand fundamentals are more
stable, which could slow any improvement in Era's revenues, cash
flow, and credit measures," S&P said.

The outlook change to negative reflects the deterioration in sector
conditions and Era's leverage metrics.  S&P has revised its
expectations for Era downward and now project FFO to debt to
average about 10% over the next 12 to 24 months, with debt to
EBITDA of about 6x, compared to its prior expectations of about 15%
and 4x, respectively.

The merger with Bristow is on track for a mid-June 2020 close, and
will improve the scale and geographic diversification of the
company.  The affirmation of S&P's 'B-' issuer credit rating also
considers the merger with Bristow. The all-stock merger with larger
peer Bristow adds materially to revenues and EBITDA, and will
result in a fleet of about 300 aircraft compared with Era's 103
helicopter fleet. Bristow has a material foothold in markets like
Norway, the U.K., and Nigeria, where Era is not currently
operating, and bulks up its position in the U.S. Gulf of Mexico.

The negative outlook reflects S&P's view that credit metrics will
weaken in 2020 due to the collapse in oil prices and slowdown in
offshore activity, which hurts demand for services provided by Era.
It expects FFO to debt will average less than 10% over the next 12
to 24 months, with debt to EBITDA of about 6x.

"We could lower the rating if Era's leverage deteriorates to a
level we deem to be unsustainable, including FFO to debt that
approaches 5% for a sustained period, or a meaningful deterioration
in liquidity. This would most likely result from a more prolonged
slowdown in offshore activity than we currently anticipate," S&P
said.

"We could revise the outlook to stable if the combined company
demonstrates strong operational execution in the integration of the
two businesses, while managing its debt maturities and maintaining
an adequate level of liquidity. In addition, we would expect FFO to
debt of well above 12% and several consecutive quarters of free
operating cash flow generation," S&P said.


EXIDE HOLDINGS: U.S. Trustee Appoints Creditors' Committee
----------------------------------------------------------
The Office of the U.S. Trustee for Regions 3 and 9 appointed a
committee to represent unsecured creditors in the Chapter 11 cases
of Exide Holdings, Inc. and its affiliates.

The committee members are:

     1. Ronald Sanders
        13161 Wichita Way
        Morena Valley, CA
        Email: Ronaldsanders8499@gmail.com   

     2. SMC, LLC
        Attn: J. Whitney Wallingford, Member and Director
        1050 Monarch Street, Suite 100
        Phone: (859) 219-0066
        Email: whitney@wallingfordlaw.com   

     3. Pension Benefit Guaranty Corporation
        Attn: Michael Strollo
        1200 K Street, NW
        Washington, DC 20005
        Phone: (202) 229-4907
        Email: stroll.michael@pbgc.gov

     4. Exide Creditors' Liquidating Trust
        Attn: Peter Kravitz, Trustee
        2360 Corporate Circle, Suite 330
        Henderson, NV 89074
        Phone: (917) 597-4520
        Email: pkravitz@provincefirm.com

     5. Onix Netowrking Corp.
        Attn: Eileen Mathews, General Counsel
        18519 Detroit
        Lakewood, OH 44107
        Phone: (216) 767-5921
        Email: Eileen@onixneet.com

Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                       About Exide Holdings

Founded in 1888 and headquartered in Milton, Ga., Exide Holdings,
Inc. -- https://www.exide.com/ -- is a stored electrical energy
solutions company and a producer and recycler of lead-acid
batteries.  Across the globe, Exide batteries power cars, boats,
heavy duty vehicles, golf carts, powersports, and lawn and garden
applications.  Its network power solutions deliver energy to vast
telecommunication networks in need of uninterrupted power supply.

Exide Technologies first sought Chapter 11 protection (Bankr. Del.
Case No. 02-11125) on April 14, 2002, and exited bankruptcy two
years after. Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq.,
at Kirkland & Ellis, and James E. O'Neill, Esq., at Pachulski Stang
Ziehl & Jones LLP, represented the Debtors in their successful
restructuring.

Exide returned to Chapter 11 bankruptcy (Bankr. D. Del. Case No.
13-11482) on June 10, 2013 and emerged from bankruptcy in 2015.  In
the 2013 case, Exide tapped Skadden, Arps, Slate, Meagher & Flom
LLP, and Pachulski Stang Ziehl & Jones LLP as counsel; Alvarez &
Marsal as financial advisor; Sitrick and Company Inc. as public
relations consultant.  The official creditors committee retained
Lowenstein Sandler LLP and Morris, Nichols, Arsht & Tunnell LLP as
co-counsel, and Zolfo Cooper, LLC served as its bankruptcy
consultants and financial advisors.

Exide Holdings and its affiliates, including Exide Technologies
LLC, sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
20-11157) on May 19, 2020.  Exide Holdings was estimated to have
$500 million to $1 billion in assets and $1 billion to $10 billion
in liabilities.

In the newest Chapter 11 case, Weil, Gotshal & Manges LLP is
serving as legal counsel to Exide, Houlihan Lokey is serving as
investment banker, and Ankura is serving as financial advisor.
Richards, Layton & Finger, P.A., is the local counsel.  Prime Clerk
LLC is the claims agent, maintaining the page
https://cases.primeclerk.com/Exide2020/


EXIDE TECHNOLOGIES: Warns of Possible Mass Layoffs
--------------------------------------------------
Todd Pittenger, writing for KSAL, reports that battery manufacturer
Exide Technologies has filed paperwork indicating that nearly 1,000
workers could possibly lose their jobs at facilities in Salina and
Kansas City, Kansas.

Filings posted by Exide on kansasworks.com indicated the battery
maker issued 765 WARN notices in Salina and 223 in Kansas City,
Kansas.

A spokesperson from Exide told Wichita television station KAKE the
WARN letters do not necessarily mean workers will be out of a job.
The company said a possible sale leaves the future uncertain, and
they do not know whether plants will have to close.

The company is one of the largest employers in Salina.  Exide
Technologies’ Salina transportation battery manufacturing plant
employs more than 850 employees and has been in operation since
1975.  The plant manufactures batteries for automotive, truck,
marine and lawn and garden applications.

                   About Exide Technologies

Headquartered in Milton, Ga., Exide Technologies (NASDAQ: XIDE) --
http://www.exide.com/-- manufactures and distributes lead acid
batteries and other related electrical energy storage products.

Exide first sought Chapter 11 protection (Bankr. Del. Case No.
02-11125) on April 14, 2002, and exited bankruptcy two years after.
Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland &
Ellis, and James E. O'Neill, Esq., at Pachulski Stang Ziehl & Jones
LLP, represented the Debtors in their successful restructuring.

Exide returned to Chapter 11 bankruptcy (Bankr. D. Del. Case No.
13-11482) on June 10, 2013.  Exide disclosed $1.89 billion in
assets and $1.14 billion in liabilities as of March 31, 2013.
Exide's international operations were not included in the filing
and will continue their business operations without supervision
from the U.S. courts.

For the new case, Exide has tapped Anthony W. Clark, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, and Pachulski Stang Ziehl
& Jones LLP as counsel; Alvarez & Marsal as financial advisor;
Sitrick and Company Inc. as public relations consultant and GCG as
claims agent.  Schnader Harrison Segal & Lewis LLP was tapped as
special counsel.

The Official Committee of Unsecured Creditors was represented by
Lowenstein Sandler LLP and Morris, Nichols, Arsht & Tunnell LLP as
co-counsel.  Zolfo Cooper, LLC served as its bankruptcy consultants
and financial advisors.  Geosyntec Consultants was tapped as
environmental consultants to the Committee.

Robert J. Keach of the law firm Bernstein Shur was appointed as fee
examiner.  He hired his own firm as counsel.

Exide said its Plan of Reorganization became effective on April 30,
2015, and that the Company emerged from Chapter 11 as a newly
reorganized company.  The Bankruptcy Court confirmed the Plan on
March 27, 2015.


FISERV INC: Egan-Jones Lowers Senior Unsecured Ratings to BB+
-------------------------------------------------------------
Egan-Jones Ratings Company, on May 27, 2020, downgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Fiserv Incorporated to BB+ from BBB-.

Headquartered in Brookfield, Wisconsin, Fiserv, Incorporated
provides integrated information management and electronic commerce
systems and services.



GALILEO LEARNING: U.S. Trustee Appoints Creditors' Committee
------------------------------------------------------------
The U.S. Trustee for Region 17 appointed a committee to represent
unsecured creditors in the Chapter 11 case of Galileo Learning.

The committee members are:

     1. Scott Pearson & Diana Farrell Trust
        Attn: Scott Pearson
        3038 Macomb Street NW         
        Washington, DC 20008
        Phone: (202) 495-8722
        Email: sdpearson@aol.com

     2. The Todd & Nancy Hooper Living Trust
        Attn: Todd Hooper
        27 Corte Toluca  
        Greenbrae, CA 94904
        Phone: (415)-517-5075
        Email: hoop2261@comcast.net

     3. The Promotions Dept.
        Attn: Roy Cruse
        24238 Hawthorne Blvd.  
        Torrance, CA 90505
        Phone: (310) 791-7006
        Email: royc@thepromotionsdept.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                      About Galileo Learning

Galileo Learning, LLC operates innovative and educational summer
camps for pre-kindergarteners through tenth graders.  In its 18
years of operation, Galileo Learning has invested more than $10
million in the development of more than 2,500 hours of unique
curriculum offerings.  Galileo Learning Franchising LLC is a
"wholly-owned subsidiary" of Galileo.

Galileo Learning and Galilo Learning Franchising sought Chapter 11
protection (Bankr. N.D. Cal. Lead Case No. 20-40857) on May 6,
2020.  The petitions were signed by Glen Tripp, chief executive
officer of Galileo Learning and sole member of Galileo Learning
Franchising.

Galileo Learning estimated assets and liabilities of $10 million to
$50 million while Galileo Learning Franchising estimated assets of
$1 million to $10 million and estimated liabilities of less than
$50,000.

The Hon. William J Lafferty oversees the case.  

Hanson Bridgett LLP serves as bankruptcy counsel to Debtors.
Stretto is the claims and noticing agent.


GEMSTONE SOLUTIONS: Court Confirms Gymboree's Plan
--------------------------------------------------
Daniel Gill, writing for Bloomberg Law, reports that bankrupt
children’s clothing company Gymboree, now called Gemstone
Solutions Group Inc., obtained court approval for its Chapter 11
reorganization plan. It will give equity in the emerging company to
post-bankruptcy lenders.

Gemstone's plan provides a substantial recovery for administrative
and priority claims and preserves the business as a going concern,
Judge Keith L. Phillips of the U.S. Bankruptcy Court for the
Eastern District of Virginia said at the confirmation hearing.

The company will be capitalized by a new $10 million exit revolving
loan facility sufficient to fund corporate operations. It also will
purchase a controlling interest in Certified Art and
Collectibles,...

                 About Gemstone Solutions Group

San Francisco-based Gymboree Group -- https://www.gymboree.com/ --
owned a portfolio of three children's clothing and accessories
brands -- Gymboree, Janie and Jack and Crazy 8 -- each offering a
different product line with a distinct brand identity and targeted
product offering  Since its start in 1976, Gymboree Group has grown
from offering mom-and-baby classes in the San Francisco Bay Area to
operating over 900 retail stores in the United States and Canada,
along with franchises around the world.

Gymboree Group, Inc., and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va. Lead Case No.
19-30258) on Jan. 17, 2019.  

At the time of the filing, Gymboree Group was estimated assets of
$100 million to $500 million and liabilities of $50 million to $100
million.
As of the Petition Date, the Debtors had outstanding funded debt in
the aggregate principal amount of $289 million under two financing
arrangements.

The cases are assigned to Judge Keith L  Phillips.

The Debtors tapped Milbank, Tweed, Hadley & McCloy LLP as general
bankruptcy counsel; Kutak Rock LLP as local counsel; Stifel,
Nicolaus & Company, Incorporated and Berkeley Research Group, LLC
as financial advisors; Hilco Real Estate, LLC as real estate
Consultant; and Prime Clerk LLC as real estate consultant.

John Fitzgerald, acting U.S trustee for Region 4, appointed an
official committee of unsecured creditors on Jan  23, 2019.  The
Committee tapped Hahn & Hessen LLP as lead counsel; Pachulski Stang
Ziehl & Jones LLP, as counsel; Tavenner & Beran, PLC, as local
counsel; Whiteford Taylor & Preston LLP, as Virginia co-counsel.

                         *     *     *

After multiple rounds of bidding at the Auction, TCP Brands, LLC
emerged  as the successful bidder for the GYM Assets for a cash
purchase price of $76,000,000 and The Gap, Inc., became the
successful bidder for the J&J Assets for a cash purchase price of
$35,000,000.

The Debtors changed their names to Gemstone Solutions Group, Inc.,
et al., following the sale.


GGI HOLDINGS: Hires GlassRatner Advisory as Financial Advisor
-------------------------------------------------------------
GGI Holdings, LLC and its debtor-affiliates seek authority from the
U.S. Bankruptcy Court for the Northern District of Texas to employ
GlassRatner Advisory & Capital Group, LLC as its financial
advisor.

Services GlassRatner will render are:

     a. review historical and projected financial information,
including operating results, capital structure and funding
mechanics, for the Debtors;

     b. assist the Company in developing financial projections and
a liquidity projection model to help assess capital needs;

     c. identify and assess potential restructuring alternatives
for the Debtor;

     d. assist the Debtor in communications and negotiations with
lenders and other stakeholders;

     e. if a Chapter 11 or similar proceeding is necessary:

        i. assist the Company with First Day Order data
collection;

       ii. assist the Company with financial reporting;

      iii. assist the Company in preparation of the statutory
reporting requirements during the chapter 11 proceedings, which
would include  the Statements of Financial Affairs (SOFAs),
Schedules of Assets and Liabilities (SOALs) and. during the
pendency of the case, Monthly Operating Reports (MORs);

       iv. assist with the preparation of reports for, and
communications with, the Bankruptcy Court, creditors, and any other
relevant constituents;

        v. review, evaluate and analyze the financial ramifications
of proposed transactions for which the Company may seek Bankruptcy
Court approval;

       vi. provide financial advice and assistance to the Company
in connectionwith a sale or restructuring transaction;

      vii. assist the Company in developing and supporting a
proposed Plan of Reorganization;

     viii. provide valuation analysis to help determine
reorganization value and support a proposed Plan of
Reorganization;

       ix. render Bankruptcy Court testimony in connection with the
foregoing, as required, on behalf of the Company; and

        x. negotiate terms of debtor-in-possession financing and
exit financing facilities, if necessary.

The customary hourly rates charged by GlassRatner professionals
are:

     Mark Shapiro, Principal                 $550
     Richard Peil, Senior Managing Director  $450
     Nick Welch, Managing Director           $375
     Tess Wolff, Assistant Director          $315
     Other Associates & Directors         $250 - $450

Mark Shapiro, principal at GlassRatner Advisory, attests that the
firm is a "disinterested person" as that term
is defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Mark Shapiro, CPA
     GlassRatner Advisory & Capital Group LLC
     3500 Maple Avenue, Suite 420
     Dallas, TX 75219
     Main: (972) 794-1056
     Mobile: (303) 482-7218
     Email: mshapiro@glassratner.com

                  About GGI Holdings

Founded in 1965, Gold's Gym operates a network of company-owned and
franchised fitness centers. It owns and operates approximately 95
gyms domestically, and holds franchise agreements for more than 600
gyms domestically and internationally. Its majority owner is TRT
Holdings, Inc. -- acquired the business in 2004.

GGI Holdings, LLC, Gold's Gym International, Inc. and other related
entities sought Chapter 11 protection (Bankr. 20-31318) on May 4,
2020.

GGI Holdings was estimated to have assets and debt of $50 million
to $100 million.

The Hon. Harlin Dewayne Hale is the case judge.

The Debtors tapped Dykema Gossett PLLC as bankruptcy counsel. BMC
Group Inc. is the claims agent.


GMS INC: S&P Alters Outlook to Negative, Affirms 'BB-' ICR
----------------------------------------------------------
S&P Global Ratings revised its outlook on GMS Inc. to negative from
stable; S&P also affirmed its 'BB-' issuer credit rating on the
company.

S&P believes that the current recession has likely reduced the
U.S.'s economic activity by 11.8% peak-to-trough, which is roughly
triple the decline during the Great Recession--and in one-third the
time. With over 90% of the U.S. population affected by stay-at-home
guidelines over the last few months, S&P forecasts the U.S. economy
will contract 5.3% this year--including a historic (annualized)
decline of almost 35% in the second quarter.

"We also expect consumer spending to decline by 5.5% in 2020.
Further, we believe the recovery will be gradual as fears linger
and social distancing persists. Nevertheless, we expect the economy
will at least partly reopen in the third quarter, which should
limit further deterioration in GMS's metrics," S&P said.

Reduced residential and commercial spending will limit GMS's
revenue and EBITDA growth such that it will operate with
higher-than-anticipated leverage.

"We believe that headwinds brought on by economic slowdown will
pressure GMS's credit metrics over the next 12 months. We expect
the company's adjusted debt to EBITDA to be above 4x (fully
adjusted for leases) and its funds from operations (FFO) to debt to
be 15%-20%, which is weak for the current rating. Our view
incorporates the high level of uncertainty around the longevity of
the negative impact of the pandemic, which could result in
sustained weakness in credit metrics. However, we believe GMS's
EBITDA interest coverage will remain strong at above 5x over this
timeframe. In addition, GMS has sufficient liquidity, with almost
full availability under its credit facility, no near-term debt
maturities, and relatively moderate planned capital spending over
the next 12-24 months," S&P said.

GMS continues to benefit from its leading market position in the
wallboard and ceiling tile distribution business. GMS has North
American market shares of about 15% in the wallboard segment and
18% in acoustical ceiling products, the largest shares in a still
fragmented industry. S&P believes the company will continue to
increase its market presence and share through bolt-on acquisitions
and organic growth. Its leading position in many markets does
result in some purchasing power over smaller peers. GMS's ability
to sell large homebuilders on a national scale should also drive
market stability.

The negative outlook reflects the potential for a deep and
prolonged downturn in housing starts and repair and remodeling
activity in the U.S. S&P expects most of the disruptions to housing
starts to be in second and third quarters of calendar-year 2020,
with modest recovery beginning in early calendar-year 2021.
However, a longer downturn would likely result in GMS's adjusted
debt leverage exceeding 4x well into its fiscal 2021.

S&P could lower the rating over the next 12 months if:

-- The fallout from the pandemic continued, and there was a
prolonged reduction in economic activity, particularly a continued
pullback in discretionary consumer spending;

-- Housing starts fell from current levels and repair and
remodeling slowed, such that the company's EBITDA generation
declined by 15%; and

-- Such a decline would result in adjusted debt to EBITDA trending
above 4x with reduced interest coverage metrics.

S&P could revise the outlook back to stable over the next 12 months
if:

-- The current recession is briefer or has less of an impact on
new home construction and repair and remodeling spending than S&P
currently expects, or

-- The company has the ability to sustain adjusted debt to EBITDA
at 3x-4x by the end of fiscal 2021 and continued positive cash
flow.


GNC CORP: Egan-Jones Lowers Commercial Paper Ratings to D
---------------------------------------------------------
Egan-Jones Ratings Company, on May 29, 2020, downgraded the foreign
commercial and local commercial paper ratings on debt issued by GNC
Corporation to D from C.  

Headquartered in Pittsburgh, Pennsylvania, GNC Corporation retails
nutritional supplements. The Company provides sports nutritional
products, diet products, vitamins, minerals, and herbal
supplements. GNC operates in the United States.



GULFPORT ENERGY: OKs Salary Deductions for Senior Management Team
-----------------------------------------------------------------
Gulfport Energy Corporation approved a 10% salary reduction for
Gulfport's senior management team and a 20% salary reduction for
the Company's chief executive officer.  The cash retainer paid to
the Company's Board of Directors will also be reduced by 10%.

                         About Gulfport

Gulfport Energy Corporation (NASDAQ: GPOR) --
http://www.gulfportenergy.com/1-- is an independent natural gas
and oil company focused on the exploration and development of
natural gas and oil properties in North America and a producer of
natural gas in the contiguous United States.  Headquartered in
Oklahoma City, Gulfport holds significant acreage positions in the
Utica Shale of Eastern Ohio and the SCOOP Woodford and SCOOP
Springer plays in Oklahoma.  In addition, Gulfport holds non-core
assets that include an approximately 22% equity interest in Mammoth
Energy Services, Inc. (NASDAQ: TUSK) and has a position in the
Alberta Oil Sands in Canada through its 25% interest in Grizzly Oil
Sands ULC.

Gulfport Energy received a letter on April 16, 2020, from the
Listing Qualifications Department of the Nasdaq Stock Market LLC
notifying Gulfport that for a period of 30 consecutive business
days preceding the date of the Notice, the bid price of Gulfport's
common stock had closed below $1.00 per share, the minimum closing
bid price required by the continued listing
requirements of Nasdaq Listing Rule 5450(a)(1).

Gulfport Energy reported net loss of $2.0 billion for the year
ended Dec. 31, 2019 as compared to net income of $430.6 million for
the year ended Dec. 31, 2018.  As of March 31, 2020, the Company
had $3.26 billion in total assets, $2.48 billion in total
liabilities, and $784.05 million in total stockholders' equity.

                          *    *    *

As reported by the TCR on March 4, 2020, Moody's Investors Service
downgraded Gulfport Energy Corporation's Corporate Family Rating to
Caa1 from B2.  "The downgrade reflects rising financial risks amid
low natural gas prices and limited hedging protection in place for
Gulfport in 2020.  This required the company to significantly
reduce investment and allow production to fall significantly in
2020 in order to avoid new borrowings," commented Elena Nadtotchi,
Moody's vice president - senior credit officer.


GULFPORT ENERGY: Updates its 2020 Operational & Financial Guidance
------------------------------------------------------------------
Gulfport Energy Corporation announced an update to its 2020
operational and financial guidance and provided an update on the
Company's ongoing cost savings initiatives.  Key highlights are as
follows:

  * Optimized production profile to take advantage of higher
    commodity price environment in late 2020 and 2021

  * New forecasted 2020 full year net production to average 1,000
    MMcfe to 1,075 MMcfe per day

  * Plan continues to generate positive free cash flow in 2020 at
    current strip prices(1)

  * Initiated plan to further reduce annual G&A expenses by
    approximately $2 to $4 million and targeting low end of
    previously provided guidance for 2020

  * Optimization efforts expect to reduce near-term firm
    transportation expenses by more than $10 million through 2021
    and targeting low end of previously provided natural gas
    differential guidance for 2020

(1) Free cash flow is a non-GAAP measure and defined as adjusted
operating cash flow, before the changes in working capital and
inclusive of capitalized expenses, less total capital expenditures
incurred.

David M. Wood, president and chief executive officer, commented,
"As stated on our recent earnings call, we are updating Gulfport's
2020 plan, which now defers production from mid-year when prices
are low to late 2020 and into 2021 when prices are expected to be
higher.  We are also now planning on more completion activity late
this year in the Utica to take advantage of potentially strong
prices in the winter.  The savings we are seeing in drilling and
completion activities allows us to add this activity and still be
at the midpoint of our previously provided capex guidance range.
We believe these efforts will better position the Company as we
enter 2021, adding meaningful value and allowing for higher
production in a better forward commodity price environment to
maximize returns and cash flow."

Mr. Wood continued, "As it relates to our outlook for 2021, under a
maintenance level program, we would expect to invest approximately
$300 million of capital spend to maintain a similar level of year
over year production.  Assuming strip pricing of $2.75 per MMBtu
for natural gas in 2021, we would expect to be cash flow neutral
under this program.  Should gas prices be between $2.75 per MMBtu
and $3.00 per MMBtu, we would remain disciplined to this
maintenance program, generating incremental free cash flow and
highlighting our focus on exercising capital discipline and
maximizing cash flow generation."

2020 Operational Plans

As a result of the current commodity price environment, Gulfport
recently made the strategic decision to defer near-term production
to later periods in 2020 and early 2021, when natural gas prices
are expected to be materially higher when compared to mid-year
strip pricing.  In addition, Gulfport plans to complete an
additional 3 gross wells in the Utica Shale during in the second
half of 2020, providing incremental production late this year and
into early 2021 in the anticipation of higher prices during the
winter months.  Lastly, Gulfport's updated production guidance
reflects the recent production impacts due to shut ins from both
the Company and its non-operated partners due to low prices.
Considering all these factors, Gulfport now expects 2020 full year
net production to average 1,000 MMcfe to 1,075 MMcfe per day.  In
addition, Gulfport forecasts its second quarter of 2020 production
to average approximately 1,000 MMcfe to 1,050 MMcfe per day.

With the addition of this activity in late 2020, Gulfport is
currently projecting 2020 total capital expenditures to be at the
midpoint of the previously provided range of $285 million to $310
million.

Cost Savings Initiatives

Gulfport recently implemented several general and administrative
expense cost saving initiatives, including tiered salary reductions
for most employees, its senior management team and its Board of
Directors beginning early June 2020.  This includes a 10% salary
reduction to Gulfport's senior management team and a 20% salary
reduction for the Company's chief executive officer. The cash
retainer paid to the Company's Board of Directors will also be
reduced by 10%.  In addition, select furloughs will be implemented
to reduce costs and better align the Company with its updated
operating plan.  All health and related benefits will still be
available to furloughed employees during their furlough time.  The
Company expects these cost saving items, combined with other
non-payroll initiatives, to reduce its 2020 recurring total G&A by
approximately $2 to $4 million and now forecasts its 2020 total
recurring G&A to be at the low end of its original guidance range.

In addition, Gulfport has or expects to enter into agreements with
third-parties to reduce midstream costs and obligations in both of
its operating areas.  Gulfport estimates these initiatives will
reduce its midstream expenses, including transportation expenses,
during the second half of 2020 and 2021 by more than $10 million.
As a result of these cost savings initiatives, Gulfport expects to
be at or below the low end of its previously provided natural gas
differential guidance range for 2020.

                        About Gulfport

Gulfport Energy Corporation (NASDAQ: GPOR) --
http://www.gulfportenergy.com/-- is an independent natural gas and
oil company focused on the exploration and development of natural
gas and oil properties in North America and a producer of natural
gas in the contiguous United States.  Headquartered in Oklahoma
City, Gulfport holds significant acreage positions in the Utica
Shale of Eastern Ohio and the SCOOP Woodford and SCOOP Springer
plays in Oklahoma.  In addition, Gulfport holds non-core assets
that include an approximately 22% equity interest in Mammoth Energy
Services, Inc. (NASDAQ: TUSK) and has a position in the Alberta Oil
Sands in Canada through its 25% interest in Grizzly Oil Sands ULC.

Gulfport Energy received a letter on April 16, 2020, from the
Listing Qualifications Department of the Nasdaq Stock Market LLC
notifying Gulfport that for a period of 30 consecutive business
days preceding the date of the Notice, the bid price of Gulfport's
common stock had closed below $1.00 per share, the minimum closing
bid price required by the continued listing requirements of Nasdaq
Listing Rule 5450(a)(1).

Gulfport Energy reported net loss of $2.0 billion for the year
ended Dec. 31, 2019 as compared to net income of $430.6 million for
the year ended Dec. 31, 2018.  As of March 31, 2020, the Company
had $3.26 billion in total assets, $2.48 billion in total
liabilities, and $784.05 million in total stockholders' equity.

                          *    *    *

As reported by the TCR on March 4, 2020, Moody's Investors Service
downgraded Gulfport Energy Corporation's Corporate Family Rating to
Caa1 from B2.  "The downgrade reflects rising financial risks amid
low natural gas prices and limited hedging protection in place for
Gulfport in 2020.  This required the company to significantly
reduce investment and allow production to fall significantly in
2020 in order to avoid new borrowings," commented Elena Nadtotchi,
Moody's vice president - senior credit officer.


HAWAIIAN HOLDINGS: Egan-Jones Cuts Unsecured Debt Ratings to B-
---------------------------------------------------------------
Egan-Jones Ratings Company, on May 26, 2020, downgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Hawaiian Holdings Inc. to B- from B.

Headquartered in Honolulu, Hawaii, Hawaiian Holdings, Inc. provides
scheduled and charter air transportation of passengers, cargo, and
mail.


HOVNANIAN ENTERPRISES: Posts $4.1M Net Income in Second Quarter
---------------------------------------------------------------
Results for the Three-Month and Six-Month Periods Ended April 30,
2020:

   * Total revenues increased 22.2% to $538.4 million in the
     second quarter of fiscal 2020, compared with $440.7 million
     in the same period of the prior year.  For the six months
     ended April 30, 2020, total revenues increased 25.7% to
     $1.03 billion compared with $821.3 million in the same
     period during the prior fiscal year.

   * Homebuilding gross margin percentage, after cost of sales
     interest expense and land charges, was 14.5% for the three
     months ended April 30, 2020 compared with 13.3% during the
     same quarter a year ago.  During the first half of fiscal
     2020, homebuilding gross margin percentage, after cost of
     sales interest expense and land charges, was 13.7% compared
     with 14.0% during the same period last year.

   * Homebuilding gross margin percentage, before cost of sales
     interest expense and land charges, was 18.2% during the
     fiscal 2020 second quarter compared with 16.9% in last
     year's second quarter.  For the six months ended April 30,
     2020, homebuilding gross margin percentage, before cost of
     sales interest expense and land charges, was 17.8% compared
     with 17.3% in the same period of the previous fiscal year.

   * Total SG&A was $55.9 million, or 10.4% of total revenues, in
     the fiscal 2020 second quarter compared with $60.3 million,
     or 13.7% of total revenues, in the previous year's second
     quarter.  During the first six months of fiscal 2020, total
     SG&A was $116.3 million, or 11.3% of total revenues,
     compared with $120.7 million, or 14.7% of total revenues, in
     the same period of the prior fiscal year.

   * Interest incurred (some of which was expensed and some of
     which was capitalized) was $45.3 million for the second
     quarter of fiscal 2020 compared with $41.4 million during
     the second quarter of fiscal 2019.  For the six months ended
     April 30, 2020, interest incurred (some of which was
     expensed and some of which was capitalized) was $89.7
     million compared with $80.2 million during the same period
     last year.

   * Income from unconsolidated joint ventures was $6.2 million
     for the second quarter ended April 30, 2020 compared with
     $7.3 million in the fiscal 2019 second quarter.  For the
     first half of fiscal 2020, income from unconsolidated joint
     ventures was $7.8 million compared with $16.8 million in the
     same period a year ago.

   * Income before income taxes for the second quarter of fiscal
     2020 was $4.2 million compared with a loss of $14.9 million
     in the second quarter of the prior fiscal year.  For the
     first six months of fiscal 2020, the loss before income
     taxes was $3.3 million compared with a loss of $32.0 million
     during the same period of fiscal 2019.

   * Net income was $4.1 million, or $0.63 per common share, for
     the three months ended April 30, 2020 compared with a net
     loss of $15.3 million, or $2.56 per common share, in the
     second quarter of the previous fiscal year.  For the first
     six months of fiscal 2020, net loss was $5.1 million, or
     $0.82 per common share, compared with a net loss of $32.7
     million, or $5.49 per common share, in the same period
     during fiscal 2019.

   * EBITDA increased 125.1% to $50.9 million for the second
     quarter of fiscal 2020 compared with $22.6 million in the
     same quarter of the prior year.  For the first half of
     fiscal 2020, EBITDA was $87.9 million, an 125.4% increase,
     compared with $39.0 million in the first half of fiscal
     2019.

   * Adjusted EBITDA increased 116.3% to $52.1 million in the
     second quarter ended April 30, 2020 compared with $24.1
     million in the same quarter one year ago.  For the six
     months ended April 30, 2020, adjusted EBITDA increased
     100.3% to $82.4 million compared with $41.2 million for the  
     same period in the prior fiscal year.

   * Adjusted pretax income, which is income before income taxes,
     excluding land-related charges and loss (gain) on
     extinguishment of debt, improved to $5.4 million in the
     second quarter of fiscal 2020 compared with a loss before
     these items of $13.5 million in the fiscal 2019 second
     quarter.  For the six months ended April 30, 2020, loss
     before income taxes, excluding land-related charges and loss
    (gain) on extinguishment of debt, was $8.7 million compared
     with a loss before these items of $29.9 million during the
     same period in fiscal 2019.

   * Financial services income before income taxes was $4.7
     million for the second quarter of fiscal 2020 compared with  
     $3.6 million in the second quarter of fiscal 2019. For the
     first half of fiscal 2020, financial services income before
     income taxes was $9.2 million compared with $4.8 million in
     the same period one year ago.

   * Consolidated contracts per community increased 7.6% to 11.3
     contracts per community for the second quarter ended April  
     30, 2020 compared with 10.5 contracts per community in last
     year's second quarter. Contracts per community, including
     domestic unconsolidated joint ventures(1), were 10.6 for
     both the second quarter of fiscal 2020 and the second
     quarter of fiscal 2019.

   * The number of consolidated contracts decreased 3.8% to 1,487
     homes, during the fiscal 2020 second quarter, compared with
     1,546 homes in last year's second quarter.  The number of
     contracts, including domestic unconsolidated joint ventures,
     for the three months ended April 30, 2020, decreased 5.7% to
     1,642 homes from 1,741 homes during the same quarter a year
     ago.

   * For the first half of fiscal 2020, the number of
     consolidated contracts increased 13.3% to 2,809 homes
     compared with 2,480 homes in the first half of fiscal 2019.
     The number of contracts, including domestic unconsolidated
     joint ventures, for the six months ended April 30, 2020,
     increased 11.6% to 3,134 homes from 2,807 homes during the
     same period a year ago.

   * Consolidated community count was 132 as of April 30, 2020,
     compared with 147 communities at the end of the previous
     year's second quarter.  The decline was primarily a result
     of selling at a faster than anticipated pace, delayed
     community openings and contributing four consolidated
     communities to unconsolidated joint ventures earlier this
     year.  As of the end of the second quarter of fiscal 2020,
     community count, including domestic unconsolidated joint
     ventures, was 155 communities, compared with 164 communities
     at April 30, 2019.

   * For May 2020, consolidated contracts per community increased
     43.2% to 5.3 compared with 3.7 for the same month one year
     ago.  During May 2020, the number of consolidated contracts
     increased 28.2% to 687 homes from 536 homes in May 2019.

   * The dollar value of consolidated contract backlog, as of
     April 30, 2020, was $958.1 million compared with $949.9
     million as of April 30, 2019.  The dollar value of contract
     backlog, including domestic unconsolidated joint ventures,
     as of April 30, 2020, was $1.13 billion compared with $1.17
     billion as of April 30, 2019.

   * Consolidated deliveries were 1,325 homes in the fiscal 2020
     second quarter, a 22.1% increase compared with 1,085 homes
     in the previous year's second quarter.  For the fiscal 2020
     second quarter, deliveries, including domestic
     unconsolidated joint ventures, increased 18.3% to 1,513
     homes compared with 1,279 homes during the second quarter of
     fiscal 2019.

   * For the first half of fiscal 2020, consolidated deliveries    

     increased 24.8% to 2,561 homes compared with 2,052 homes in
     the first six months of the previous year.  For the first
     half of fiscal 2020, deliveries, including domestic
     unconsolidated joint ventures, increased 21.0% to 2,898
     homes compared with 2,395 homes during the same period of
     fiscal 2019.

   * The contract cancellation rate for consolidated contracts
     was 23% for the second quarter ended April 30, 2020 compared
     with 19% in the fiscal 2019 second quarter.  The contract
     cancellation rate for contracts including domestic
     unconsolidated joint ventures was 23% for the second quarter
     of fiscal 2020 compared with 19% in the second quarter of
     the prior year.

Liquidity AND Inventory as of April 30, 2020:

  * Total liquidity at the end of the of the second quarter of
    fiscal 2020 was $247.1 million.  The Revolver was fully drawn
    down during the quarter as a precautionary measure to
    maximize financial flexibility and increase the Company's
    cash position.

   * During the second quarter of fiscal 2020, land and land
     development spending was $114.4 million, an increase
     compared with $110.2 million in last year's second quarter.
     For the six months ended April 30, 2020, land and land
     development spending was $232.3 million compared with $252.6
     million for the same period one year ago.

   * In the second quarter of fiscal 2020, 1,289 lots were put
     under option or acquired in 18 consolidated communities.

   * As of April 30, 2020, consolidated lots controlled totaled
     26,734, which, based on trailing twelve-month deliveries,
     equaled a 4.9 years’ supply.

Comments from ManAGEMENT:

"In spite of the challenging effects the COVID-19 pandemic had on
the last half of our second quarter, our total revenues increased
22%, our homebuilding gross margin improved 120 basis points,
adjusted EBITDA increased by 116% and our adjusted pretax income
was $5 million compared to a $13 million loss in the previous
year's second quarter," stated Ara K. Hovnanian, chairman of the
Board, president and chief executive officer.  "We are striving for
even better performance in the future. Fortunately, our contract
pace has recently been improving."

"Notwithstanding the recent improvements in our contract pace,
given the high unemployment rate and uncertainty surrounding the
recovery of the overall economy, in the near term, we maintain a
cautious outlook.  In response to COVID-19, we are streamlining our
organizational structure and reducing our workforce.  We expect
these steps to result in approximately $20 million in annual
overhead savings beginning in fiscal 2021.  As the market rebounds
from the pandemic, we believe this new organizational alignment
should allow us to be even more cost efficient in pursuing our
growth plans and should result in a more rapid repair of our
balance sheet," concluded Mr. Hovnanian.

"Given the uncertain economic environment, early in the pandemic,
we took measures to preserve our cash position by delaying certain
land purchases, land development activity and beginning
construction activity on some unsold homes.  In light of the
improved contract pace in May, we are beginning to cautiously move
forward with our land and land development activities in most
markets.  In spite of the adverse impacts of COVID-19, we remain
confident that we can pursue our long-term growth plans and still
maintain our liquidity within our targeted range of $170 million to
$245 million," concluded Larry Sorsby, executive vice president and
chief financial officer.

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

                       https://is.gd/f9mwWu

                    About Hovnanian Enterprises

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian
and headquartered in Matawan, New Jersey, designs, constructs,
markets, and sells single-family detached homes, attached townhomes
and condominiums, urban infill, and active lifestyle homes in
planned residential developments.  The Company is a homebuilder
with operations in Arizona, California, Delaware, Florida, Georgia,
Illinois, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina,
Texas, Virginia, Washington, D.C. and West Virginia.  The Company's
homes are marketed and sold under the trade names K. Hovnanian
Homes, Brighton Homes.

Hovnanian Enterprises reported a net loss of $42.12 million for the
year ended Oct. 31, 2019, compared to net income of $4.52 million
for the year ended Oct. 31, 2018.  As of Jan. 31, 2020, the Company
had $1.79 billion in total assets, $2.29 billion in total
liabilities, and a total deficit of $499.08 million.

                           *   *    *

As reported by the TCR on Feb. 10, 2020, S&P Global Ratings raised
its issuer credit rating on U.S.-based homebuilder Hovnanian
Enterprises Inc. to 'CCC+' from 'SD' because it believes the
company has completed exchange offers that it viewed as
distressed.

In November 2019, Moody's Investors Service downgraded Hovnanian
Enterprises' Corporate Family Rating to Caa2 from Caa1.  The rating
action was prompted by a series of refinancing transactions
completed and contemplated by Hovnanian that Moody's deems to be
distressed exchanges.


HYTERA AMERICA: Says Motorola Litigation Induced Chapter 11 Filing
------------------------------------------------------------------
Donny Jackson, writing for Urgentcomm.com, reports that Hytera
America and Hytera Communications America (West) filed for Chapter
11 bankruptcy as a "routine financial restructuring" to resolve
financial issues associated with ongoing litigation and the
implications of the COVID-19 pandemic on its U.S. business.

Hytera filed the voluntary petitions for Chapter 11 bankruptcy
relief in the U.S. Bankruptcy Court for the Central District of
California (Santa Ana Division) "for the purpose of preserving its
U.S. business operations," according to an announcement posted on
the Hytera America web site.

Hytera America's bankruptcy filing was executed less than three
months after U.S. District Court Judge Charles Norgle of the
Northern District of Illinois entered a judgment in March requiring
Hytera Communications to pay Motorola Solutions $345.8 million in
compensatory damages and $418.8 million in punitive damages.

During the trial, a Hytera attorney reportedly described the
financial compensation sought by Motorola Solutions as a
"bankrupting amount."  In February, the jury unanimously awarded
Motorola Solution the full damages the company sought, and Norgle
affirmed the verdict.

Motorola Solution also seeks a post-trial ruling for a permanent
injunction that would prohibit Hytera from selling a substantial
amount of its DMR product portfolio anywhere in the world.
Attorneys for Hytera—representing China-based Hytera
Communications and subsidiaries such as Hytera America and Hytera
Communications (West) -- are seeking a new trial.  In addition,
Hytera has argued that any U.S. ruling should apply only to
Hytera's U.S. business, not the company's activities in other
countries throughout the world.

Attorneys for Hytera and Motorola Solution are scheduled to meet in
a mediation session, according to a joint status report filed by
the companies in May with the federal court in Chicago.  Sources
familiar with the case have noted that the sides have participated
in mediation sessions previously during the litigation without
resulting in any broad settlements on the most important disputes
in the case.  If there is no settlement agreement, Hytera would be
required to file briefs opposing the permanent-injunction request
by Motorola Solutions. Motorola Solutions' deadline for filing a
reply on the matter would be June 23.  At that point, the
injunction decision would be left to the judge.

During the trial, Hytera attorneys acknowledged that three former
Motorola [the company had not yet changed its name to Motorola
Solutions at the time] employees—Samuel Chia, Y.T. Kok and G.S.
Kok—accessed more than 7,000 Motorola documents prior to each of
them leaving and joining Hytera shortly in 2008. However, Hytera
attorneys described the three engineers as "bad apples" who did not
share with anyone else at Hytera that the DMR trade secrets and
software were taken from Motorola.

If Hytera's request for a new trial is not granted, Hytera
attorneys argue that the award to Motorola should be reduced
significantly.

In contrast, Motorola Solutions asks that the financial award that
China-based Hytera should pay should be increased by including the
profits that Hytera has realized during the time since the trial
started, interest and attorney fees.

Hytera America's online statement indicates that one of the two
main reasons for the LMR company to file Chapter 11 bankruptcy is
the impact of the COVID-19 pandemic, but the statement does not
identify how the health crisis has impacted the company negatively.
Hytera's statement does outline some of the company's initiatives
associated with efforts to combat the pandemic.

"Two-way radios are an essential tool in crisis management,"
according to the Hytera America statement. Hytera America and its
dealers are working together to provide effective communications
solutions for the fight against the COVID-19 pandemic.

"Hytera America has donated two-way radios to multiple hospitals to
support healthcare professionals, especially in hard-hit cities
such as New York. Since the time the stay-at-home orders were put
in place, Hytera America has implemented a comprehensive plan to
both keep its employees safe and to continue essential operations
that include product delivery, repairs, and services."

                  About Hytera Communications

Hytera -- https://www.hytera.us/ -- is a global company in the
two-way radio communications industry.  Hytera has 10 international
R&D Innovation Centers and more than 90 regional organizations
around the world, and 40% of Hytera employees are engaged in
engineering, research, and product design.  Hytera has three
manufacturing centers in China and Spain.

On May 26, 2020, 2020, Hytera communications America (West), Inc.,
Hytera America Incorporated, and HYT North America, Inc., sought
Chapter 11 protection (Bankr. C.D. Cal. Lead Case No. 20-11507).

Hytera Communications was estimated to have $10 million to $50
million in assets and $500 million to $1 billion in liabilities as
of the bankruptcy filing.

The Hon. Erithe A. Smith is the case judge.

The Debtors tapped PACHULSKI STANG ZIEHL & JONES LLP as counsel;
STEPTOE & JOHNSON LLP as corporate and special counsel; and
IMPERIAL CAPITAL, LLC as financial advisor.


IAMGOLD CORPORATION: Egan-Jones Cuts Unsecured Debt Ratings to B+
-----------------------------------------------------------------
Egan-Jones Ratings Company, on May 26, 2020, downgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by IAMGOLD Corp to B+ from BB-.

Headquartered in Toronto, Canada, IAMGOLD Corporation is a mid-tier
gold mining company.



J.C. PENNEY: Launches New Home Brand After Bankruptcy Store Closure
-------------------------------------------------------------------
Kelly Tyko, writing for USA TODAY, reports that despite its
bankruptcy filing and plans to close about 29% of its stores, J.C.
Penney has launched a new home brand.  The chain announced that its
new Linden Street bedding brand is now available online and is "a
significant enhancement to its home merchandise division."

In a news release, the company said the new bedding collection
"represents a fresh beginning for the new home private brand,
supporting the Company's commitment to returning fashion, quality
and value to the home."

The sheet sets start at $40, and quilts and comforters range from
$90 to $220.

"We are excited to offer this new bedding collection as customers
look to create a comfortable retreat with high-quality, inviting
styles they can cherish for seasons to come," said Stacey Shively,
J.C. Penney senior vice president and general merchandise manager
of the home division, in the release.

"We are excited to offer this new bedding collection as customers
look to create a comfortable retreat with high-quality, inviting
styles they can cherish for seasons to come," said Stacey Shively,
J.C. Penney senior vice president and general merchandise manager
of the home division, in the release.

                       About J.C. Penney

J.C. Penney Corporation, Inc., is an American retail company,
founded in 1902 by James Cash Penney and today engaged in marketing
apparel, home furnishings, jewelry, cosmetics, and cookware.  The
company was called J.C. Penney Stores Company from 1913 to 1924,
when it was reincorporated as J.C. Penney Co.

On May 15, 2020, JCPenney announced that it has entered into a
restructuring support agreement with lenders holding 70% of
JCPenney's first lien debt.  The RSA contemplates agreed-upon terms
for a pre-arranged financial restructuring plan that is expected to
reduce several billion dollars of indebtedness.  To implement the
Plan, the Company and its affiliates on May 15, 2020, filed
voluntary petitions for reorganization under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 20-20182).

Kirkland & Ellis LLP is serving as legal advisor, Lazard is serving
as financial advisor, and AlixPartners LLP is serving as
restructuring advisor to the Company.  Prime Clerk is the claims
agent, maintaining the page http://cases.primeclerk.com/JCPenney


JADOOTV INC: Needs Additional Time to Formulate Chapter 11 Plan
---------------------------------------------------------------
JadooTV, Inc. asks the U.S. Bankruptcy Court for the Northern
District of California to extend the periods during which the
company has the exclusive right to file a chapter 11 plan and to
obtain acceptances of its plan to Nov. 30 and  Jan. 31,
respectively.

The Debtors filed these Chapter 11 Cases because of the negative
impact that copyright and patent infringement litigation brought by
DISH Network LLC and certain related parties against the Debtors.
The copyright action is now pending in the Northern District of
California under the title Dish Network LLC v. JadooTV, Inc. et al.
(Case No. 3:20-cv01891-CRB).

Currently, the Debtor and DISH are at an impasse, with DISH
asserting millions of dollars in claims which the Debtor believes
should not be allowed. With such a major contingency outstanding,
the Debtor believes that it would be best not to propose a plan
until some progress has been made toward liquidating the claims of
DISH. As the litigation develops, the Debtor expects that it will
reach a settlement of the Copyright Action, which would include
resolution of DISH's claims in the Chapter 11 Case.

                        About Jadootv Inc.

JadooTV, Inc. -- https://jadootv.com/ -- is a consumer technology
and services company, delivering live and on-demand entertainment
to viewers through its Internet based set-top box (STB). JadooTV is
a distributor of Internet based South Asian & Multicultural
content, bringing television, movies, music and more to diaspora
from India, Pakistan, Bangladesh, Afghanistan and Middle East.

CloudStream Media is a cloud-based content & technology services
company serving multicultural customers worldwide across all media
channels and devices. CloudStream owns and operates JadooTV.

JadooTV, Inc. and CloudStream Media filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Cal.
Lead Case No. 19-41283) on May 31, 2019.  In the petitions signed
by CEO Sajid Sohail, the Debtors each estimated $500,000 to $1
million in assets and $1 million to $10 million in liabilities.

Jane Kim, Esq. at Keller & Benvenutti LLP, is serving as bankruptcy
counsel to the Debtors. Chan Punzalan LLP, is special litigation
counsel.




JC PENNEY: U.S. Trustee Appoints Creditors' Committee
-----------------------------------------------------
Henry Hobbs Jr., acting U.S. trustee for Region 7, appointed a
committee to represent unsecured creditors in the Chapter 11 cases
of J.C. Penney Company Inc. and its affiliates.

The committee members are:

     1. BOKF, N.A.            
        Attn: George Kubin      
        1600 Broadway, 3rd Floor      
        Denver, CO 80202      
        Tel: 303-864-7206      
        Fax: 303-864-7219
        Email: gkubin@bokf.com                   

        Counsel for Member:
        Ropes & Gray, LLP
        Mark Somerstein, Esq.
        1211 Avenue of the Americas
        New York, NY 10016
        Tel: 212-841-8814
        Fax: 646-728-1663
        Email: mark.somerstein@ropesgray.com

     2. Pension Benefit Guaranty Corporation      
        Attn: Thomas Taylor      
        1200 K Street, N.W.       
        Washington D.C., 20005-4026      
        Tel: 202-229-3303      
        Fax: 202-326-4114      
        Email: taylor.thomas@pbgc.gov

        Counsel for Member:
        Joel Ruderman, Esq.
        Kyle Svendsen, Esq.  
        Marc Pfeuffer, Esq.
        Office of the General Counsel
        1200 K Street N.W.
        Washington, D.C. 20005-4026
        Tel: 202-326-4020
        Fax: 202-326-4112
        Email: ruderman.joel@pbgc.gov
               svendsen.kyle@pbgc.gov
               pfeuffer.marc@pbgc.gov

     3. UMB Bank, N.A.      
        Attn: Gavin Wilkinson      
        120 South Sixth Street, Suite 1400      
        Minneapolis, MN  55402      
        Tel: 612-337-7001      
        Fax: 612-337-7039      
        Email: gavin.wilkinson@umb.com      

        Counsel for Member:
        McDermott Will & Emery LLP
        Kristin Going, Esq.
        340 Madison Avenue
        New York, NY 10173
        Tel: 212-547-5429
        Fax: 212-547-5444
        Email: kgoing@mwe.com

     4. Nike USA, Inc.      
        Attn: Noel Runge      
        One Bowerman Drive      
        Beaverton, OR 97005      
        Tel: 503-532-9918      
        Email: noel.runge@nike.com         

        Counsel for Member:
        Anthony Saccullo, Esq.
        27 Crimson King Drive
        Bear, DE 19701
        Tel: 302-836-8877
        Fax: 302-836-8787
        Email: ams@saccullolegal.com

     5. Washington Prime Group Inc.      
        Attn: Stephen E. Ifeduba      
        180 West Broad Street      
        Columbus, OH 43215      
        Tel: 614-621-9000      
        Fax: 614-621-8863      
        Email: stephen.ifeduba@washingtonprime.com

        Counsel for Member:
        Frost Brown Todd LLC
        Ronald E. Gold, Esq.
        3300 Great American Tower
        301 E. Fourth Street
        Cincinnati, OH 45202
        Tel: 513-651-6800
        Fax: 513-651-6981
        Email: rgold@fbtlaw.com

     6. Simon Property Group, Inc.     
        Attn: Ronald M. Tucker     
        225 W. Washington Street     
        Indianapolis, IN 46204     
        Tel: 317-263-2346     
        Fax: 317-263-7901     
        Email: rtucker@simon.com

     7. PVH Corp.     
        c/o Warren Gerber     
        200 Madison Avenue     
        New York, NY 10016     
        Tel: 908-698-6345     
        Fax: 908-704-1908    
        Email: warrengerber@pvh.com      

        Counsel for Member:
        Lowenstein Sadler LLP
        Jeffrey L. Cohen, Esq.
        1251 Avenue of the Americas
        New York, NY  10020
        Tel: 212-419-5868
        Fax: 973-597-2400
        Email: jcohen@lowenstein.com

     8. Byer California     
        c/o Tim Hanlon     
        66 Potrero Avenue     
        San Francisco, CA 94103     
        Tel: 415-626-7844     
        Fax: 415-626-6649     
        Email:  thanlon@byer.com
  
     9. Alfred Dunner, Inc.     
        c/o Ray Barrick     
        1333 Broadway, 11th Floor     
        New York, NY 10018     
        Tel: 212-944-6660     
        Email: rbarrick@alfreddunner.net

        Counsel for Member:
        ASK LLP
        Edward E. Neiger, Esq.
        Marianna Udem, Esq.
        141 West 46th St., 4th Floor
        New York, NY  10036
        Tel: 212-267-7342
        Fax: 212-918-3427
        Email: eneiger@askllp.com               
               mudem@askllp.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                        About J.C. Penney

J.C. Penney Corporation, Inc., is an American retail company,
founded in 1902 by James Cash Penney and today engaged in marketing
apparel, home furnishings, jewelry, cosmetics, and cookware.  The
company was called J.C. Penney Stores Company from 1913 to 1924,
when it was reincorporated as J.C. Penney Co.

On May 15, 2020, JCPenney announced that it has entered into a
restructuring support agreement with lenders holding 70% of
JCPenney's first lien debt.  The RSA contemplates agreed-upon terms
for a pre-arranged financial restructuring plan that is expected to
reduce several billion dollars of indebtedness.  To implement the
Plan, the Company and its affiliates on May 15, 2020, filed
voluntary petitions for reorganization under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 20-20182).

Kirkland & Ellis LLP is serving as legal advisor, Lazard is serving
as financial advisor, and AlixPartners LLP is serving as
restructuring advisor to the Company.  Prime Clerk is the claims
agent, maintaining the page http://cases.primeclerk.com/JCPenney


KEYSTONE PIZZA: Already Struggling Pre-Covid, Now in Chapter 11
---------------------------------------------------------------
James Dornbrook, writing for Writer, Kansas City Business Journal,
reports that Keystone Pizza Partners, a franchisee of Pizza Hut,
filed for Chapter 11 bankruptcy.

Keystone's balance sheet in the filings detailed that the company
was already struggling before the coronavirus outbreak.  It had
sales of $15.73 million and expenses of $16.26 million in 2019,
posting a loss of $527,717.  Through April 20 of this year, the
company had $4.16 million in sales and expenses of $4.31 million,
which amounts to a loss of $148,758.

In its bankruptcy filing, Keystone listed total assets worth $3.45
million, including the $238,350 in different bank accounts, and
total liabilities of $7.09 million.

Pizza Hut LLC, a Plano, Texas-based division of Yum! Brands Inc.
(NYSE: YUM) is the largest unsecured creditor and is owed $1.16
million in royalties. The International Pizza Hut Franchise Holders
Association in Wichita is the second-largest unsecured creditor,
and it's owed $944,703 for professional services.

                About Keystone Pizza Partners

Keystone Pizza Partners, LLC, a pizza franchisee in Overland Park,
Kansas, sought protection under Chapter 11 of the Bankruptcy Code
{Bankr. D. Kan. Case No. 20-20709) on May 3, 2020.  At the time of
the filing, Debtor estimated $1 million to $10 million in both
assets and liabilities.  Judge Robert D. Berger oversees the case.
The Debtor is represented by Spencer Fane, LLP.


LAMAR ADVERTISING: Egan-Jones Cuts FC Sr. Unsecured Rating to BB-
-----------------------------------------------------------------
Egan-Jones Ratings Company, on May 29, 2020, downgraded the foreign
currency senior unsecured rating on debt issued by Lamar
Advertising Company to BB- from BB.

Headquartered in Baton Rouge, Louisiana, Lamar Advertising is an
outdoor advertising company that operates billboards, logo signs,
and transit displays in the United States and Canada.



LATAM AIRLINES: To Return 19 Planes to Lessors
----------------------------------------------
Will Horton, writing for Forbes, reports that LATAM Airlines
intends to return certain aircraft to lessors as part of its
bankruptcy restructuring.

According to the report, the company wants to return 19 aircraft to
lessors in its first bankruptcy restructuring of 340 aircraft and
lessors will have 15 days to claim the jets.  The 19 aircraft
comprise six A350 and 787 widebodies and 13 A320 family aircraft.
Two A350-900s are registered in Brazil, four 787-9s in Chile, seven
A320 family aircraft in Brazil, and six A321s in Chile.

The group is still analyzing its future strategy but has "reached
certain preliminary conclusions regarding excess aircraft that are
no longer accretive to their business," LATAM said in a motion
awaiting court approval.

To reject these specific leases can reflect finances more than
strategy.
"Bankruptcy courts have often authorized airline debtors to abandon
aircraft subject to burdensome outstanding debt," LATAM said.

Of the 19 aircraft, 17, including all widebodies, are held by
Wilmington Trust but ultimately owned by various lessors.  Two of
the aircraft are an A319 and an A320 with DVB as a lender.  The
A320's security agent is Natixis, which is LATAM's fifth-largest
secured creditor, as of April 30. But its $243m is related to nine
A321s.

LATAM pays $44 million monthly for 98 aircraft under operating
lease and is due to pay $3.3 billion through 2028 for aircraft
financed through special purpose vehicles.  It also has $590
million outstanding related to JOLCO leases.  It will also explore
options for the 44 aircraft it is due to receive from Airbus
between 2020-2026, as well as seven aircraft from Boeing BA: six
787-9s in 2020-2026 and one 777 freighter in 2024.

The total pre-delivery payment is $297 million.  The $175 million
for 20 unspecified Airbus aircraft was financed by Santander, and
$139 million is outstanding. T he $122 million to Boeing is not
subject to financing arrangements.

LATAM requests the 19 lease rejections be applied retroactively to
the date of filing to give lessors 15 days from May 26 to retrieve
their aircraft, except the four 787s that will be available from
June 3, LATAM said.  After 15 days, lessors will have to pay for
the insurance and storage maintenance that LATAM will initially
cover.

Rejecting the two A350s leaves LATAM with 11 A350s, as of its
year-end 2019 fleet.  The four 787-9s departing reduce LATAM to
having 12 787-9s and 10 787-8s.  LATAM also has 10 777-300ERs and
31 passenger 767s that are not yet affected.

"The economic burden of these leases is more pronounced where a
significant portion of the [group’s] aircraft are grounded due to
the current lack of demand for passenger travel and clear
visibility as to when the demand for air travel will resume at
pre-pandemic levels," LATAM says.

Wilmington Trust is LATAM's largest secured creditor with $778
million due as of April 30, 2020.  LATAM's second-largest secured
creditor is Citibank with $603 million for 26 unspecified
aircraft.

                     About LATAM Airlines

LATAM Airlines Group S.A. -- http://www.latam.com/-- is a
pan-Latin American airline holding company involved in the
transportation of passengers and cargo and operates as one unified
business enterprise.  

LATAM Airlines Group S.A. is the largest passenger airline in South
America.  Before the onset of the COVID-19 pandemic, LATAM offered
passenger transport services to 145 different destinations in 26
countries, including domestic flights in Argentina, Brazil, Chile,
Colombia, Ecuador and Peru, and international services within Latin
America as well as to Europe, the United States, the Caribbean,
Oceania, Asia, and Africa.

LATAM Airlines Group S.A. and its 28 affiliates sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 20-11254) on May 25,
2020.  Affiliates in Chile, Peru, Colombia, Ecuador and the United
States are part of the Chapter 11 filing.

The Debtors disclosed $21,087,806,000 in total assets and
$17,958,629,000 in total liabilities as of Dec. 31, 2019.

The Hon. James L. Garrity, Jr., is the case judge.

The Debtors tapped CLEARY GOTTLIEB STEEN & HAMILTON LLP as general
bankruptcy counsel; and FTI CONSULTING as restructuring advisor.
The Debtors also engaged TOGUT, SEGAL & SEGAL LLP as conflicts
counsel, and CLARO & CIA IN CHILE as Chile counsel.  PRIME CLERK
LLC is the claims agent.


LIQUID COLLECTIVE: Seeks to Hire Davis Law as Bankruptcy Counsel
----------------------------------------------------------------
Liquid Collective LLC seeks authority from the United States
Bankruptcy Court for the District of Colorado to hire Davis Law
Group LLC as bankruptcy counsel.

The professional services that Davis Law is to render are:

     a. provide the Debtor with legal advice with respect to their
powers and duties;

     b. aid the Debtor in the development of a plan of
reorganization under Chapter 11;

     c. file the necessary petitions, pleadings, reports, and
actions which may be required under Chapter 11;

     d. take necessary actions to enjoin and stay until final
decree  continuation of pending proceedings and to enjoin and stay
until final decree herein commencement of lien foreclosure
proceedings and all matters as may be provided under 11 U.S.C. Sec.
362; and

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

Davis Law was paid a retainer by the Debtor in the amount of
$12,000.

Davis Law represents no interest adverse to the estate in the
matter upon which it is to be engaged.

The firm can be reached through:

     Michael J. Davis, Esq.
     Davis Law Group LLC
     2255 Sheridan Blvd., St. C272
     Denver, CO 80214
     Phone: (720)361-6036
     Fax: (720)368-5262
     Email: mdavis@mjdavislaw.com

             About Liquid Collective

Liquid Collective LLC sells organic beverages.  It makes and sells
Sup Harz Seltzer, which comes in in flavors such as cucumber,
lemon, peach and black cherry.

On May 7, 2020, Liquid Collective sought Chapter 11 protection
(Bankr. D. Colo. Case No. 20-13146).  The Debtor was estimated to
have assets and liabilities of $1 million to $10 million.  Davis
Law Group LLC is the Debtor's counsel.


LIZAMA CARRIERS: Taps Dorsey & Whitney as New Legal Counsel
-----------------------------------------------------------
Lizama Carriers, LLC seeks approval from the U.S. Bankruptcy Court
for the Northern District of Texas to hire Dorsey & Whitney, LLP as
its new legal counsel.

Dorsey & Whitney will substitute for FisherBroyles, LLP, the firm
that initially handled Debtor's Chapter 11 case.

The hourly rates for Dorsey & Whitney attorneys who are expected to
provide the services range from $350 to $500.  Paralegals, legal
assistants and other paraprofessionals will charge between $200 and
$300 per hour.

Dorsey & Whitney neither holds nor represents any interest adverse
to the Debtor and its bankruptcy estate, according to court
filings.

The firm can be reached through:

     H. Joseph Acosta, Esq.
     Dorsey & Whitney LLP
     300 Crescent Court, Suite 400
     Dallas, Texas 75201
     Telephone: (214) 981-9900
     Facsimile: (214) 981-9901
     Email: acosta.joseph@dorsey.com

                       About Lizama Carriers

Lizama Carriers, LLC  is a privately held company in the general
freight trucking industry.  For more information, visit
https://www.lizamacarriers.com/

Lizama Carriers filed a Chapter 11 petition (Bankr. N.D. Tex. Case
No. 20-40283) on Jan. 22, 2020.  In the petition signed by Nelson
Lizama, manager, the Debtor disclosed $3,267,357 in assets and
$4,870,039 in liabilities.  Judge Edward L. Morris oversees the
case.


MBIA INCORPORATED: Egan-Jones Cuts Senior Unsecured Ratings to B-
-----------------------------------------------------------------
Egan-Jones Ratings Company, on May 27, 2020, downgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by MBIA Incorporated to B- from B.

Headquartered in Purchase, Harrison, New York, MBIA Incorporated
provides financial guarantee insurance and other forms of credit
protection.



MICROCHIP TECHNOLOGIES: Egan-Jones Cuts FC Sr. Unsec. Rating to B+
------------------------------------------------------------------
Egan-Jones Ratings Company, on May 28, 2020, downgraded the foreign
currency senior unsecured rating on debt issued by Microchip
Technology Incorporated to B+ from BB-.

Headquartered in Chandler, Arizona, Microchip Technology
Incorporated designs, manufactures, and markets microcontrollers,
related mixed-signal and memory products, and application
development systems for high-volume embedded control applications.




MLF CONSULTING: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: MLF Consulting, Inc.
             d/b/a Cloakify
          1772 Grinnell Terrace
          Winter Park, FL 32789

Case No.: 20-03145

Business Description: MLF Consulting, Inc. is the inventor of
                      Cloakify, a cloud based system that
                      constantly monitors point of sale inventory
                      and updates any changes across all portals.
                      It monitors all portals for pending sales.

Chapter 11 Petition Date: June 3, 2020

Court: United States Bankruptcy Court
       Middle District of Florida

Debtor's Counsel: Justin M. Luna, Esq.
                  LATHAM LUNA EDEN & BEAUDINE LLP
                  P.O. Box 3353
                  Orlando, FL 32802-3353
                  Tel: (407) 481-5800
                  E-mail: jluna@lathamluna.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael L. Fussy, 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/duhtc6


NOBLE ENERGY: Egan-Jones Lowers Senior Unsecured Ratings to B
-------------------------------------------------------------
Egan-Jones Ratings Company, on May 29, 2020, downgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Noble Energy, Inc. to B from BB-. EJR also downgraded the rating
on commercial paper issued by the Company to B from A3.

Headquartered in Houston, Texas, Noble Energy, Inc. is an
independent energy exploration and production company.



ONEWEB GLOBAL: Committee Hires Province Inc. as Financial Advisor
-----------------------------------------------------------------
The official committee of unsecured creditors of OneWeb Global
Limited seeks authority from the U.S. Bankruptcy Court for the
Southern District of New York to retain Province, Inc. as its
financial advisor.

The Committee requires Province, Inc. to:

     a. become familiar with and analyze the Debtors' cash
collateral budget, assets and liabilities, and overall financial
condition;

     b. review financial and operational information furnished by
the Debtors to the Committee;

     c. analyze the Debtors' proposed retentions of professionals
and reporting to the Committee as necessary;

     d. analyze the Debtors' proposed business plan and developing
alternative scenarios, if necessary;

     e. assess the Debtors' various pleadings and proposed
treatment of unsecured creditor claims therefrom;

     f. prepare, or review as applicable, avoidance action and
claim analyses;

     g. assist the Committee in reviewing the Debtors' financial
reports, including, but not limited to, SOFAs, Schedules, cash
budgets, and Monthly Operating Reports;

     h. advise the Committee on the current state of these chapter
11 cases;

     i. advise the Committee in negotiations with the Debtors and
third parties as necessary;

     k. participate as a witness in hearings before the bankruptcy
court with respect to matters upon which Province has provided
advice; and

     l. other activities as are approved by the Committee, the
Committee's counsel, and as agreed to by Province Inc.

Province's standard hourly rates are:

     Principal            $800-935
     Managing Director    $660-720
     Senior Director      $580-640
     Director             $500-570
     Senior Associate     $400-490
     Associate            $350-400
     Analyst              $230-350
     Para Professional    $175

Edward Kim, managing director of Province, attests that the firm
and its employees do not represent any interest adverse to that of
the committee.

The firm can be reached through:

     Edward Kim
     Province, Inc.
     2360 Corporate Circle, Suite 330
     Henderson, NV 89074
     Tel: (702) 685-5555  
     Fax: (702) 685-5556
     Email: ekim@provincefirm.com

              About OneWeb Global Limited

Founded in 2012, OneWeb Global Limited is a global communications
company developing a low-Earth orbit satellite constellation system
and associated ground infrastructure, including terrestrial
gateways and end-user terminals, capable of delivering
communication services for use by consumers, businesses,
governmental entities, and institutions, including schools,
hospitals, and other end-users whether on the ground, in the air,
or at sea.  

OneWeb's business consists of the development of the OneWeb System,
which has included the development of small-next generation
satellites that have been mass-produced through a joint venture and
the development of specialized connections between the satellite
system and the internet and other communications networks through
the SNPs.  For more information, visit https://www.oneweb.world.

OneWeb Global Limited and its affiliates ought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
20-22437) on March 27, 2020.  At the time of the filing, Debtors
disclosed assets of between $1 billion and $10 billion and
liabilities of the same range.

Judge Robert D. Drain oversees the cases.

The Debtors tapped Milbank, LLP as legal counsel; Guggenheim
Securities, LLC as investment banker; FTI Consulting, Inc. as
financial advisor; and Omni Agent Solutions as claims, noticing and
solicitation agent.


ONEWEB GLOBAL: Committee Taps Cole Schotz as Conflicts Counsel
--------------------------------------------------------------
The official committee of unsecured creditors of OneWeb Global
Limited seeks authority from the U.S. Bankruptcy Court for the
Southern District of New York to retain Cole Schotz P.C., as its
conflicts and efficiency counsel.

The Committee requires Cole Schotz to:

     (a) in coordination with Paul Hastings, provide legal advice
where necessary with respect to the Committee's powers and duties
and strategic advice on how to accomplish the Committee's goals;

     (b) in coordination with Paul Hastings, assist and advise the
Committee in its consultations and negotiations with the Debtors
and the U.S. Trustee relative to the administration of the Debtors'
Cases;

     (c) in coordination with Paul Hastings, review and analyze the
operational and routine first-day motions filed by the Debtors;

     (d) in coordination with Paul Hastings, draft, revise, and
comment on documents;

     (e) assist Paul Hastings, Province, and the Committee in
analyzing the claims of the Debtors' creditors and the Debtors'
capital structure and in negotiating with holders of claims and
equity interests;

     (f) assist Paul Hastings and Committee in its investigation of
the acts, conduct, assets, liabilities, and financial condition of
the Debtors and their insiders and of the operation of the Debtors'
businesses;

     (g) assist Paul Hastings and the Committee in its analysis of,
and negotiations with, the Debtors or any third party concerning
matters related to, among other things, the assumption or rejection
of certain leases of non-residential real property and executory
contracts, asset dispositions, financing of other transactions, and
the terms of one or more plans of reorganization for the Debtors
and accompanying disclosure statements and related plan documents;


     (h) in coordination with Paul Hastings, advise the Committee
as to its communications to the general creditor body regarding
significant matters in
the Cases;

     (i) in coordination with Paul Hastings, review and analyze
applications, orders, statements of operations and schedules filed
with the Court and advise the Committee as to their propriety and,
to the extent deemed appropriate by the Committee, support, join,
or object thereto;

     (j) in coordination with Paul Hastings, advise and assist the
Committee with respect to any legislative, regulatory, or
governmental activities;

     (k) in coordination with Paul Hastings, assist the Committee
in its review and analysis of the Debtors’ various agreements;

     (l) together with Paul Hastings, and to the extent necessary,
appear in Court and at any meetings of creditors on behalf of the
Committee;

     (m) monitor the case docket and coordinate with Paul Hastings
on matters impacting the Committee;

     (n) participate in calls with the Committee;

     (o) handle inquiries and calls from the Debtors’ creditors
and counsel to interested parties regarding pending matters and the
general status of these Cases, and coordinating with Paul Hastings
on any necessary responses;

     (p) handle investigation and litigation where conflicts arise
between the Debtors' creditors and Paul Hastings; and

     (q) provide additional support to Paul Hastings, Province,
Jefferies, and the Committee, as requested.

Cole Schotz's ordinary hourly rates range from $375 to $990 per
hour for members, $480 to $625 per hour for special counsel, $210
to $650 per hour for associates, and $210 to $330 per hour for
paralegals. The primary attorneys and paraprofessionals that will
work on this representation and their respective hourly rates are
as follows:

     Seth Van Aalten      Member       $800
     Justin R. Alberto    Member       $625
     Sarah A. Carnes      Associate    $650
     Taylre C. Janak      Associate    $290
     Suhailah Sallie      Paralegal    $305

Cole Schotz will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Seth Van Aalten, Esq., Member of the law firm of Cole Schotz P.C.,
attests that his firm is disinterested within the meaning of
section 101(14) of the Bankruptcy Code.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr. Van
Aalten discloses that there are no alternative fee arrangements
from customary billing and that no professional varies his or her
rate based on geographic location.

Mr Alberto further discloses that Cole Schotz has not represented
the Committee or any member of the Committee in the 12 months
prepetition; and the Committee has approved a budget and staffing
plan for Cole Schotz covering the first interim period of April 17,
2020 through June 30, 2020.

The firm can be reached through:

     Seth Van Aalten, Esq.
     Cole Schotz P.C.
     1325 Avenue of the Americas, 19th Floor
     New York, NY 10019
     Tel: 212-752-8000
     Fax: 212-752-8393
     Email: svanaalten@coleschotz.com
  
              About OneWeb Global Limited

Founded in 2012, OneWeb Global Limited is a global communications
company developing a low-Earth orbit satellite constellation system
and associated ground infrastructure, including terrestrial
gateways and end-user terminals, capable of delivering
communication services for use by consumers, businesses,
governmental entities, and institutions, including schools,
hospitals, and other end-users whether on the ground, in the air,
or at sea.  

OneWeb's business consists of the development of the OneWeb System,
which has included the development of small-next generation
satellites that have been mass-produced through a joint venture and
the development of specialized connections between the satellite
system and the internet and other communications networks through
the SNPs.  For more information, visit https://www.oneweb.world.

OneWeb Global Limited and its affiliates ought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
20-22437) on March 27, 2020.  At the time of the filing, Debtors
disclosed assets of between $1 billion and $10 billion and
liabilities of the same range.

Judge Robert D. Drain oversees the cases.

The Debtors tapped Milbank, LLP as legal counsel; Guggenheim
Securities, LLC as investment banker; FTI Consulting, Inc. as
financial advisor; and Omni Agent Solutions as claims, noticing and
solicitation agent.


ONEWEB GLOBAL: Committee Taps Jefferies as Investment Banker
------------------------------------------------------------
The official committee of unsecured creditors of OneWeb Global
Limited seeks authority from the U.S. Bankruptcy Court for the
Southern District of New York to retain Jefferies LLC as its
investment banker.

The Committee requires Jefferies to:

     (a) become familiar with, to the extent Jefferies deems
appropriate, and analyze the business, operations, properties,
financial condition and prospects of the Debtors;

     (b) advise the Committee on the current state of the
"restructuring market";

     (c) assist and advise the Committee in developing a general
strategy for accomplishing a Transaction;

     (d) assist and advise the Committee in implementing a
Transaction involving the Debtors;

     (e) assist and advise the Committee in evaluating and
analyzing any Transaction, including any securities or debt
instruments that may be issued in any such Transaction; and

     (f) render such other investment banking services as may from
time to time be agreed upon by the Committee and Jefferies.

Jefferies LLC will be paid as follows:

-- Monthly Fee. A monthly fee (Monthly Fee) equal to $125,000 per
month until the expiration or termination of the Engagement Letter.
The first Monthly Fee shall be payable as of the date of the
Engagement Letter, and each subsequent Monthly Fee shall be payable
in advance on each monthly anniversary thereafter. Fifty percent of
any Monthly Fees actually paid to Jefferies in excess of $375,000
will be credited once against any Transaction Fee subsequently
payable to Jefferies.

-- Transaction Fee. A single fee (Transaction Fee) equal to
$3,000,000 payable upon the consummation of any Transaction.

-- Reimbursement of Expenses. In addition to any fees that may be
paid to Jefferies, the Debtors shall reimburse Jefferies for all
out-of-pocket expenses (including reasonable fees and expenses of
its counsel) incurred in connection with its engagement by the
Committee.

Leon Szlezinger, managing director of Jefferies, assures the court
that the firm is a "disinterested person" as that term is defined
in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Leon Szlezinger
     Jefferies LLC
     520 Madison Avenue
     New York, NY 10022
     Phone: 212 284 2300

              About OneWeb Global Limited

Founded in 2012, OneWeb Global Limited is a global communications
company developing a low-Earth orbit satellite constellation system
and associated ground infrastructure, including terrestrial
gateways and end-user terminals, capable of delivering
communication services for use by consumers, businesses,
governmental entities, and institutions, including schools,
hospitals, and other end-users whether on the ground, in the air,
or at sea.  

OneWeb's business consists of the development of the OneWeb System,
which has included the development of small-next generation
satellites that have been mass-produced through a joint venture and
the development of specialized connections between the satellite
system and the internet and other communications networks through
the SNPs.  For more information, visit https://www.oneweb.world.

OneWeb Global Limited and its affiliates ought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
20-22437) on March 27, 2020.  At the time of the filing, Debtors
disclosed assets of between $1 billion and $10 billion and
liabilities of the same range.

Judge Robert D. Drain oversees the cases.

The Debtors tapped Milbank, LLP as legal counsel; Guggenheim
Securities, LLC as investment banker; FTI Consulting, Inc. as
financial advisor; and Omni Agent Solutions as claims, noticing and
solicitation agent.


PENLAND HEATING: Taps Oliver & Cheek as Legal Counsel
-----------------------------------------------------
Penland Heating and Air Conditioning, Inc. received approval from
the U.S. Bankruptcy Court for the Eastern District of North
Carolina to employ The Law Offices of Oliver & Cheek, PLLC as its
legal counsel.

Oliver & Cheek will represent Debtor in its Chapter 11 case.  The
firm received $5,000 from the Debtor as retainer.

Oliver & Cheek neither holds nor represents an interest adverse to
Debtor's bankruptcy estate, according to court filings.

The firm can be reached through:

     Clayton W. Cheek, Esq.
     The Law Offices of Oliver & Cheek, PLLC
     P.O. Box 1548
     New Bern, NC 28563
     Phone: 252-633-1930
     Fax: 252-633-1950
     Email: clayton@olivercheek.com

                     About Penland Heating and
                         Air Conditioning

Based in Hillsborough, N.C., Penland Heating and Air Conditioning,
Inc. sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. E.D.N.C. Case No. 20-01795) on May 1, 2020, listing under
$1 million in both assets and liabilities.  Judge David M. Warren
oversees the case.  Debtor is represented by The Law Offices of
Oliver & Cheek, PLLC.


PHI INCORPORATED: Egan-Jones Lowers LC Commercial Paper Rating to B
-------------------------------------------------------------------
Egan-Jones Ratings Company, on May 29, 2020, downgraded the local
commercial paper rating on debt issued by PHI, Inc. to B from C.

Headquartered in Lafayette, Louisiana, PHI, Inc. provides
helicopter transportation and related services.



PHUNWARE INC: Regains Compliance with Two Nasdaq Listing Rules
--------------------------------------------------------------
As previously reported in a Current Report on Form 8-K filed with
the Securities and Exchange Commission on April 17, 2020, that on
that date Phunware, Inc. received written notice from the Listing
Qualifications Staff of the Nasdaq Stock Market LLC that the
closing bid price for its common stock had been below $1.00 for the
last 30 consecutive business days and that the Company therefore
was not in compliance with the minimum bid price requirement for
continued inclusion on the Nasdaq Capital Market under Nasdaq
Listing Rule 5550(a)(2).

As previously reported in a Current Report on Form 8-K filed with
the SEC on May 22, 2020, on May 20, 2020 the Company received
written notification from Nasdaq notifying the Company that based
on the Company's stockholders' equity balance of $1,353,000 as
reported in the Company's Quarterly Report on Form 10-Q for the
quarter ended March 31, 2020 as filed with the Securities and
Exchange Commission on May 15, 2020, it was no longer in compliance
with the minimum stockholders' equity requirement for continued
inclusion on the Nasdaq Capital Market under Nasdaq Listing Rule
5550(b)(1).  In addition, the notification informed the Company
that as of May 19, 2020 it did not meet the alternative compliance
standards relating to the market value of listed securities or net
income from continuing operations.

On June 4, 2020, the Company received written notice from Nasdaq
notifying the Company that compliance was regained under the Bid
Price Requirement because the bid price of its common stock closed
at or above $1.00 per share for a period of 10 consecutive business
days.  In addition, on June 4, 2020, the Company received a second
written notice notifying the Company that compliance was regained
with an Alternative Compliance Standard, the minimum MVLS
requirement of $35 million because its MVLS had been at or above
$35 million for a period of 10 consecutive business days.  Per the
notices, Nasdaq considers both matters closed.

                           About Phunware

Headquartered in Austin, Texas, Phunware, Inc. --
http://www.phunware.com-- is a Multiscreen-as-a-Service (MaaS)
company, a fully integrated enterprise cloud platform for mobile
that provides companies the products, solutions, data and services
necessary to engage, manage and monetize their mobile application
portfolios and audiences globally at scale.

Phunware incurred a net loss of $12.87 million in 2019 compared to
a net loss of $9.80 million in 2018.  As of Dec. 31, 2019, the
Company had $29.05 million in total assets, $25.02 million in total
liabilities, and $4.03 million in total stockholders' equity.

Marcum LLP, in Houston, TX, the Company's auditor since 2017,
issued a "going concern" qualification in its report dated March
30, 2020 citing that the Company has a significant 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.


PIONEER NATURAL: Egan-Jones Cuts FC Senior Unsecured Rating to BB
-----------------------------------------------------------------
Egan-Jones Ratings Company, on May 26, 2020, downgraded the foreign
currency senior unsecured rating on debt issued by Pioneer Natural
Resources Co to BB from BBB.

Headquartered in Irving, Texas, Pioneer Natural Resources Company
operates as an independent oil and gas exploration and production
company.



PQ NEW YORK: Le Pain Quotidien Files for Bankruptcy in U.S.
-----------------------------------------------------------
Restaurant chain Le Pain Quotidien filed Chapter 11 bankruptcy
protection Wednesday and revealed plans to sell itself to another
restaurant company in a bid to avoid liquidation.

The company is proposing a sale to New York-based Aurify Brands in
a deal that would allow at least 35 of its 98 U.S. restaurants to
reopen, according to a court filing.  The rest appear to be at risk
of permanent closure.

Le Pain Quotidien has locations in the New York City area, the
Mid-Atlantic region, California, Illinois and Florida.  Before the
pandemic, about 56% of its sales came from the New York City area,
according to a court filing.

Officials at Le Pain Quotidien and Aurify Brands did not
immediately respond to requests seeking comment. Aurify operates
fast-casual restaurants such as The Little Beet and Melt Shop. If
the sale goes through, the company is expected to honor customer
loyalty programs and gift cards. A federal bankruptcy judge will
need to sign off.

Le Pain Quotidien had about 2,500 employees before the pandemic
began. It would have about 1,000 if the sale goes through, Fleming
said.

It began plans of filing for bankruptcy prior to the pandemic,
chief restructuring officer Steven Fleming said in a court filing.
The company had been struggling with increased competition from
nimbler competitors, including fast-casual companies, and had
suffered from a lack of digital ordering.

The pandemic brought the company to the brink of liquidation,
Fleming said. After a brief and unprofitable attempt to keep a few
stores open with takeout options at the beginning of the crisis,
the company closed all of its operations.

But it was too late. The company was "ill-equipped to deal with the
significant decline in traffic and takeout/delivery-only model" due
to the coronavirus, Fleming said.

Le Pain Quotidien's American bankruptcy is tied to an insolvency
case filed in a Belgian court by its parent company.

                    About Le Pain Quotidien

Le Pain Quotidien is an international bakery-restaurant chain
founded by Alain Coumont on October 26, 1990.  It carries an array
of baked goods and coffee drinks as well as a dine-in food menu.

Founded in Belgium in 1990, Le Pain Quotidien -- which means "the
daily bread" in French -- opened its first U.S. store in 1997 and
has since become a familiar sight in Manhattan.

Based in New York, PQ New York, Inc. is a wholly-owned subsidiary
of PQ Licensing SA, a Belgian company, and operated 98 restaurants
in the United States under the trade name Le Pain Quotidien.

PQ New York, Inc., and other U.S. affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 20-11266) on May 27,
2020.

PQ New York was estimated to have $100 million to $500 million in
assets and liabilities as of the Chapter 11 filing.

The Debtors tapped RICHARDS, LAYTON & FINGER, P.A. as counsel; and
SSG ADVISORS, LLC, as investment banker.  PRICEWATERHOUSECOOPERS
LLP is the interim management services provider.  DONLIN, RECANO &
COMPANY, INC., is the claims agent.


PRIORITY HEALTHCARE: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Thirteen affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

     Debtor                                           Case No.
     ------                                           --------
     Priority Healthcare Corporation                  20-11956
       DBA Priority Care
     1006 Third Street North
     Armory, MS 38821

     MedPoint, Inc.                                   20-11957
     1006 Third Street North
     Armory, MS 38821

     Main Street Drugs, LLC                           20-11958
     417 Main Street South
     Armory, MS 38821

     MedPoint Advantage, LLC                          20-11959
     1006 Third Street North
     Amory, MS 38821

     MedPoint, LLC                                    20-11960
     1006 Third Street North
     Amory, MS 38821
  
     Priority Care Pharmacy 2, LLC                    20-11961
     4330 Highway 78 East 109
     Jasper, AL 35501

     Priority Care Pharmacy Solutions, LLC            20-11962
     211 10th Avenue North
     Amory, MS 38821

     Priority Care Professional Staffing, LLC         20-11963
     1006 Third Street North
     Amory, MS 38821

     Professional Healthcare Staffing, LLC            20-11964
     1006 Third Street North
     Amory, MS 38821

     Vickers Priority Care Pharmacy, LLC              20-11965
     31040 Northeast First Avenue
     Suite 5
     Carbon Hill, AL 35549

     Vincent Priority Care Pharmacy, LLC              20-11966
        DBA The Medicine Chest
     42747 Highway 25
     Vincent, AL 35178

     KJM Holdings, LLC                                20-11967
     906 Rose Lane
     Amory, MS 38821

     Minga Investments, LLC                           20-11968
     906 Rose Lane
     Amory, MS 38821

Business Description: Priority Healthcare Corporation is a
                      holding company that either owns or is
                      affiliated with other Priority Care
                      pharmacies.  PHC operates in the healthcare,
                      pharmaceutical, and insurance industries.
  
Chapter 11 Petition Date: June 2, 2020

Court: United States Bankruptcy Court
       Northern District of Mississipi

Judge: Hon. Selene D. Maddox

Debtors' Counsel: Craig M. Geno, Esq.
                  LAW OFFICES OF CRAIG M. GENO, PLLC
                  587 Highland Colony Parkway
                  Ridgeland, MS 39157
                  Tel: 601-427-0048
                  Email: cmgeno@cmgenolaw.com

                                         Estimated      Estimated
                                           Assets      Liabilities

                                        -------------  -----------
Priority Healthcare Corporation         $100,000 to    $100,000 to
                                        $500,000       $500,000

MedPoint, Inc.                          $0 to          $50,000 to
                                        $50,000        $100,000
   
Main Street Drugs, LLC                  $50,000 to     $50,000 to
                                        $100,000       $100,000

MedPoint Advantage, LLC                 $50,000 to     $50,000 to
                                        $100,000       $100,000

MedPoint, LLC                           $0 to          $50,000 to
                                        $50,000        $100,000

Priority Care Pharmacy 2, LLC           $100,000 to    $100,000 to
                                        $500,000       $500,000

Priority Care Pharmacy Solutions, LLC   $50,000 to     $0 to
                                        $100,000       $50,000

Priority Care Professional Staffing     $100,000 to    $100,000 to
                                        $500,000       $500,000

Professional Healthcare Staffing, LLC   $50,000 to     $50,000 to
                                        $100,000       $100,000

Vickers Priority Care Pharmacy, LLC     $50,000 to     $50,000 to
                                        $100,000       $100,000

Vincent Priority Care Pharmacy, LLC     $100,000 to    $100,000 to
                                        $500,000       $500,000

KJM Holdings, LLC                       $1 million to  $50,000 to
                                        $10 million    $100,000

Minga Investments, LLC                  $1 million to  $50,000 to
                                        $10 million    $100,000   

The petitions were signed by Konie D. Minga, member or president.

The Debtors failed to include in the petitions lists of their 20
largest unsecured creditors.

Copies of the petitions are available for free at PacerMonitor.com
at:

                         https://is.gd/HM7xZK
                         https://is.gd/YKNfFo
                         https://is.gd/zP0zcM
                         https://is.gd/mVtoXV
                         https://is.gd/SARh9c
                         https://is.gd/zfudIh
                         https://is.gd/CUbjzF
                         https://is.gd/PmWC8B
                         https://is.gd/r8fqGT
                         https://is.gd/cLiLN7
                         https://is.gd/3eOUup
                         https://is.gd/3sOBIp
                         https://is.gd/Ai7wBs



RADIAN GROUP: Egan-Jones Lowers FC Senior Unsecured Rating to BB+
-----------------------------------------------------------------
Egan-Jones Ratings Company, on May 26, 2019, downgraded the foreign
currency senior unsecured rating on debt issued by Radian Group
Inc. to BB+ from A-.

Headquartered in Philadelphia, Pennsylvania, Radian Group Inc.
provides financial guarantee insurance.



REVLON INC: Egan-Jones Lowers Senior Unsecured Debt Ratings to D
----------------------------------------------------------------
Egan-Jones Ratings Company, on May 29, 2020, downgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Revlon, Inc. to D from C.

Headquartered in New York, New York, Revlon, Inc. manufactures,
markets, and sells beauty and personal care products.



ROBERT HUNT: U.S. Trustee Appoints Creditors' Committee
-------------------------------------------------------
The Office of the U.S. Trustee appointed a committee to represent
unsecured creditors in the Chapter 11 case of Robert and Robin
Hunt.

The committee members are:

     1. William R. Herrera                       
        515560 N, Frank Lloyd Wright Blvd.                         
       
        Scottsdale, AZ 85260
        Email: herreraw@vh-legal.com

     2. Scott Ferguson       
        Millennial Capital Management, LLC                         
           
        P.O. Box 7390298            
        Chandler AZ 8524       
        Email: SF@MillennialCapitalManagement.com

     3. Kathleen Wegener  
        15549 Bluefield Avenue
        La Mirada, CA 90638
        Email: senseiwegener@gmail.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                   About Robert and Robin Hunt

Robert and Robin Hunt sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 19-14159) on Nov. 6,
2019.  Debtors are represented by Thomas H. Allen, Esq., at Allen
Barnes & Jones, PLC.


RTW RETAILWINDS INC: Warns Going Concern Doubt, Possible Bankruptcy
-------------------------------------------------------------------
RTW Retailwinds Inc. filed a non-timely Form 10-K with the U.S.
Securities and Exchange Commission.  RTW Retailwinds says the Form
10-K will reflect substantial doubt about the company's ability to
continue as going concern.  RTW Retailwinds Inc. also acknowledged
the possibility that it may file for bankruptcy under chapter 11 of
the U.S. Bankruptcy Code.

RTW Retailwinds already experienced substantial, recurring losses
from operations, such losses caused retained deficit of $164.6
million as of Feb. 1, 2020.

The company, its auditor and BDO USA LLP are in process of
finalizing disclosures concerning recent developments related to
impact of covid-19 pandemic.  It continues to work closely with BDO
in order to issue form 10-k within extension period.

                     About RTW Retailwinds

RTW Retailwinds is a specialty women's digitally enabled and
omni-channel retailer with powerful multi-brand lifestyle platform
that provides curated fashion solutions that are on-trend, stylish,
and versatile at great value.


S. MYERS FARMS: Case Summary & 4 Unsecured Creditors
----------------------------------------------------
Debtor: S. Myers Farms, LLC
        7667 W. Mick Road
        Edwardsville, IL 62025

Business Description: S. Myers Farms, LLC is part of the crop
                      production industry.

Chapter 11 Petition Date: June 3, 2020

Court: United States Bankruptcy Court
       Southern District of Illinois

Case No.: 20-30570

Judge: Hon. Laura K. Grandy

Debtor's Counsel: Robert E. Eggmann, Esq.
                  CARMODY MACDONALD P.C.
                  120 S. Central Ave., Suite 1800
                  Saint Louis, MO 63105
                  Tel: 314-854-8600
                  E-mail: ree@carmodymacdonald.com

Total Assets: $564,150

Total Liabilities: $1,334,837

The petition was signed by Richard Scott Myers, authorized
representative.

A copy of the petition containing, among other items, a list of the
Debtor's four unsecured creditors is available for free at
PacerMonitor.com at:
     
                     https://is.gd/vkS4Or



SCHMAUS FAMILY: Seeks to Hire Exit Realty as Real Estate Agent
--------------------------------------------------------------
Schmaus Family Properties, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Montana to employ Bob Den
Herder and Exit Realty Helena as its real estate agents.

Exit Realty will be listing, advertising and selling of Debtor's
real property located in Helena, Lewis and Clark County, Montana.

Mr. Herder and Exit Realty will receive a 4.75 percent commission
on the sale of the real property.

Mr. Herder and Exit Realty are "disinterested persons" as defined
in 11 U.S.C. 101(14).

The firm can be reached through:

     Bob Den Herder
     Exit Realty Helena
     849 Great Northern Blvd
     Helena, MT 59601
     Phone: +1 406-449-8831

               About Schmaus Family Properties

Based in Helena, Montana, Schmaus Family Properties, LLC filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
D. Mont. Case No. 20-60002) on Jan. 3, 2020.  On Jan. 6, 2020, the
case was transferred from the Butte Division to the Great Falls
Division and was assigned Case No. 20-40002.  

At the time of the filing, the Debtor had estimated assets of
between $500,001 and $1 million and liabilities of between $100,001
and $500,000.  

Judge Benjamin P. Hursh oversees the case.  Gary S. Deschenes,
Esq., at Deschenes & Associates, is the Debtor's legal counsel.


SEAWALK INVESTMENTS: Seeks to Hire GGG Advisors as Consultant
-------------------------------------------------------------
Seawalk Investments, LLC, seeks authority from the U.S. Bankruptcy
Court for the Middle District of Florida, Jacksonville Division, to
hire GGG Advisors, LLC as its plan advisor.

GGG Advisors will advise the Debtor regarding its bankruptcy plan
feasibility and the appropriate cramdown interest rate applicable
to Debtor's Plan of Reorganization.

GGG Advisors will be compensated on an hourly rate as follows:

     Richard Gaudet, Partner      $390
     Jessica Peterson, Partner    $350
     Adam Cohen, Partner          $325

GGG Advisors' fees will be capped at $5,000.

GGG Advisors is a "disinterested person" as defined in 11 U.S.C.
Sec. 101(14) of the Bankruptcy Code, as stated in the court
filing.

The firm can be reached at:

     Richard Gaudet
     GGG Advisors, LLC
     3155 Roswell Rd NE, Suite 120
     Atlanta, GA 30305
     Office: (404) 256-0003
     Mobile: (404) 680-7032
     Email: gaudet@gggmgt.com

                About Seawalk Investments

Seawalk Investments, LLC, a privately held company in Jacksonville,
Fla., sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. M.D. Fla. Case No. 19-01010) on March 21, 2019.  At the
time of the filing, the Debtor had estimated assets of between $1
million and $10 million and liabilities of between $1 million and
$10 million.  Judge Jerry A. Funk oversees the case.  The Debtor
hired Wilcox Law Firm as its bankruptcy counsel.


SENIOR PRO SERVICES: Seeks Approval to Hire American HealthCare
---------------------------------------------------------------
Senior Pro Services, LLC, seeks authority from the United States
Bankruptcy Court for the Central District of California to hire
American HealthCare Capital as its finder, effective as of Feb. 22,
2020.

Services American HealthCare will render are:

     a. prepare strategies, descriptive materials, and other
necessities to successfully market Debtor's assets or stock, raise
capital, or obtain financing;

     b. identify and evaluate targeted lists of (i) potential
buyers for Debtor's assets or stock or (ii) potential investors for
the raising of capital and/or exit financing;

     c. assist the Debtor in coordinating the materials and
information that will be made available to potential buyers and
investors and with due diligence investigations;

     d. contact targeted lists of prospective buyers and investors
to determine their level of interest in consummating a transaction
with Debtor;

     e. advise and assist the Debtor in all aspects of a financial
transaction other than with regard to tax, legal, accounting or
other specialized professional skills;

     f. if requested by Debtor, participate in hearings before the
bankruptcy court with respect to the matters upon which American
HealthCare Capital has provided assistance, including, as relevant,
coordinating with Debtor's counsel with respect to testimony in
connection therewith; and

     g. provide all other services reasonably related to the
foregoing.

Debtor shall pay to American HealthCare a finders fee at closing
from proceeds of any sale or other qualified transaction, based on
the following schedule:

     Selling Price/          Finder's Fee
     Transaction Amount  

     Up to $1,000,000             10%
     $1,000,001 - $3,000,000      8%
     $3,000,001 and up            5%

The setup and administrative fee is a flat fee of $799.

American HealthCare and each of its professionals are
"disinterested persons" as that term is defined by the Bankruptcy
Code, according to court filings.

The firm can be reached through:

     Jack Eskenazi
     American Healthcare Capital
     4333 Admiralty Way Marina
     Del Rey, CA 90292
     Phone: (800) 424-1338

                 About Senior Pro Services, LLC

Senior Pro Services, LLC is a home health care service provider in
San Leandro, California.

Senior Pro Services, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 20-40408) on Feb. 22,
2020. In the petition  signed by Fessha Taye, manager and CEO, the
Debtor estimated $1 million to $10 million in assets and $100,000
to $500,000 in liabilities. James A. Shepherd, Esq. at the LAW
OFFICES OF JAMES SHEPHERD is the Debtor's counsel.


SIGNATURE INSURANCE: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Signature Insurance Group, LLC
        401 South Rosalind Ave, Suite 200
        Orlando, FL 32801

Business Description: Signature Insurance Group offers a host of
                      insurance solutions.

Chapter 11 Petition Date: June 3, 2020

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 20-03142

Debtor's Counsel: Justin M. Luna, Esq.
                  LATHAM LUNA EDEN & BEAUDINE LLP
                  P.O. Box 3353
                  Orlando, FL 32802-3353
                  Tel: (407) 481-5800
                  E-mail: jluna@lathamluna.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by David R. Ballew, CEO and manager.

The Debtor did not file a list of its 20 largest unsecured
creditors together with the petition.

A copy of the petition is available for free at PacerMonitor.com
at:

                          https://is.gd/sJ3pW8


SM-T.E.H. REALTY: Hires Lexington Realty as Property Manager
------------------------------------------------------------
SM-T.E.H. Realty 4, LLC filed an amended emergency application
seeking approval from the U.S. Bankruptcy Court for the Eastern
District of Missouri to employ Lexington Realty International, LLC,
as its property managers effective March 2, 2020.

The Debtor is the owner of a 300-unit multi-family apartment
complex located at 4015 Brittany Circle, St. Louis, Missouri.

Upon engagement, Lexington immediately placed its representatives
onsite to provide services to the tenants, assess the condition of
the Property, maintain the Property, including the common areas,
and provide assistance and information to prospective tenants. In
addition, Lexington advanced funds in order to pay necessary
operating expenses, for which it has been repaid.

The compensation Lexington will receive consists of an amount equal
to 5% of gross revenue from the Property, with a minimum fee of
$5,000 per month.

Lexington does not hold or represent an interest adverse to the
Debtor's Chapter 11 estate, and is "disinterested" within the
contemplation of Section 327(a) of the Bankruptcy Code.

The firm can be reached through:

     Jeffrey Bidnick
     Lexington Realty International LLC
     911 E County Line Rd #206
     Lakewood Township, NJ 08701
     Phone: +1 888-574-8882

                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.


SOUTH BEACH STREET: Seeks to Hire Zimmerman Kiser as Attorney
-------------------------------------------------------------
South Beach Street Development, Ltd. seeks authority from the US
Bankruptcy Court for the Middle District of Florida to employ
Zimmerman, Kiser & Sutcliffe, P.A., as its attorneys.

The professional services that Zimmerman will render are:

     (a) advise and counsel the Debtor concerning the operation of
its business in compliance with Chapter 11 and orders of this
Court;

     (b) defend any causes of action on behalf of the Debtor;

     (c) prepare, on behalf of the Debtor, all necessary
applications, motions, reports, and other legal papers in the
Chapter 11 case;

     (d) assist in the formulation of a Plan of Reorganization and
preparation of a Disclosure Statement; and
  
     (e) provide all services of a legal nature in the field of
bankruptcy law.

Zimmerman's standard hourly rates are:

      Bradley J. Anderson, Esq.      $400
      Richard B. Webber II, Esq.     $550
      Associate Attorneys            $300
      Paraprofessionals              $175

Zimmerman required an additional fee advance amount in the amount
of $8,283 as retainer fee.

Zimmerman does not hold or represent any interest adverse to the
estate, and is a "disinterested person" within the meaning of 11
U.S.C. 101(14), according to court filings.

The firm can be reached through:

     Bradley J. Anderson, Esq.
     Richard B. Webber II, Esq.
     Zimmerman, Kiser & Sutcliffe, P.A.
     315 E Robinson St. Suite 600
     Orlando, FL 32801   
     Phone: +1 407-425-7010

            About South Beach Street Development

Based in Daytona Beach, Florida, South Beach Street Development,
Ltd. filed its voluntary petition under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 20-02337) on April 23,
2020. At the time of filing, the Debtor estimated $1,000,001 to $10
million in both assets and liabilities. Bradley J Anderson, Esq. at
Zimmerman Kiser & Sutcliffe, P.A. represents the Debtor as counsel.


SUPERIOR ENERGY: Cancels Merger Agreement with Forbes Energy
------------------------------------------------------------
As previously disclosed, on Dec. 18, 2019, Superior Energy
Services, Inc., together with one of its subsidiaries, entered into
an Agreement and Plan of Merger with Forbes Energy Services Ltd.
and certain of its subsidiaries.

On June 1, 2020, the Company provided notice of termination of the
Merger Agreement to Forbes because the mergers contemplated by the
Merger Agreement were not consummated by May 31, 2020.  The
termination came in response to the unpredictable economic
conditions resulting from the global health crisis caused by the
COVID-19 pandemic and the decline in oil and gas prices, which made
it impractical for the Company and Forbes to complete the strategic
transaction on the terms originally contemplated by the Merger
Agreement.  Neither the Company nor Forbes will be responsible to
pay the other party any termination fee under the Merger Agreement
as a result of the Merger Agreement being terminated.

                  About Superior Energy Services

Headquartered in Houston, Texas, Superior Energy Services (NYSE:
SPN) -- htttp://www.superiorenergy.com/ -- serves the drilling,
completion and production-related needs of oil and gas companies
worldwide through a diversified portfolio of specialized oilfield
services and equipment that are used throughout the economic life
cycle of oil and gas wells.

Superior Energy incurred net losses of $255.72 million in 2019,
$858.11 million in 2018, and $205.92 million in 2017.  As of March
31, 2020, the Company had $1.83 billion in total assets, $249.93
million in total current liabilities, $1.28 billion in long-term
debt, $134.03 million in decommissioning liabilities, $57.95
million in operating lease liabilities, $7.13 million in deferred
income taxes, $129.95 million in other long-term liabilities, and a
total stockholders' deficit of $32.11 million.

On March 30, 2020, the Company received a written notice from the
New York Stock Exchange notifying the Company that it was not in
compliance with the continued listing standards set forth in
Section 802.01B of the NYSE Listed Company Manual because the
average global market capitalization of the Company's common stock
over a consecutive 30 trading-day period was less than $50 million
and, at the same time, its stockholders' equity was less than $50
million.


SYNCHRONOSS TECHNOLOGIES: Egan-Jones Cuts Unsecured Ratings to CCC-
-------------------------------------------------------------------
Egan-Jones Ratings Company, on May 29, 2020, downgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Synchronoss Technologies, Inc. to CCC- from B-.

Headquartered in Bridgewater, New Jersey, Synchronoss Technologies,
Inc. provides e-commerce transaction management solutions to the
communications services marketplace.



TIDWELL BROS: Seeks to Hire Wernick Law as Legal Counsel
--------------------------------------------------------
Tidwell Bros. Construction Inc. seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to hire Wernick
Law, PLLC as its legal counsel.

The firm's services will include legal advice regarding Debtor's
powers and duties under the Bankruptcy Code, negotiations with its
creditors, and the preparation of a Chapter 11 plan.

The firm's attorneys and paralegals will be paid at hourly rates as
follows:

     Aaron Wernick, Esq.           $500
     Lenore Rosetto Parr, Esq.     $350
     Paralegals                    $175

Aaron Wernick, Esq., at Wernick Law, disclosed in court filings
that he and his firm do not represent any interest adverse to
Debtor and its bankruptcy estate, according to court filings.

The firm can be reached through:

     Aaron A. Wernick, Esq.
     Wernick Law, PLLC
     2255 Glades Road, Suite 324A
     Boca Raton, Florida 33431
     Phone: (561) 961-0922
     Fax: (561) 431-2474
     Email: awernick@wernicklaw.com

                 About Tidwell Bros. Construction

Tidwell Bros. Construction Inc. is a privately held construction
company in Florida serving industrial, commercial, and residential
clients.  It specializes in all phases of earthwork, paving,
construction/demolition, and aggregate production.

Tidwell Bros. Construction Inc. filed a voluntary petition under
Chapter 11 of the United States Bankruptcy Code (Bankr. M.D. Fla.
Case No. 20-00837) on March 6, 2020.  The petition was signed by
Anthony J. Tidwell, president.  At the time of filing, Debtor was
estimated to have $1 million to $10 million in both assets and
liabilities.  Judge Cynthia C. Jackson oversees the case.


TRI-STAR LOGGING: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Tri-Star Logging, Inc.
  
                     About Tri-Star Logging

Tri-Star Logging, Inc., based in Snowflake, AZ, filed a Chapter 11
petition (Bankr. D. Ariz. Case No. 20-01565) on Feb. 14, 2020.  In
the petition signed by Kevin Reidhead, chief financial officer,
Debtor was estimated to have $1 million to $10 million in assets
and $10 million to $50 million in liabilities.  Joseph E.
Cotterman, Esq., at Gallagher & Kennedy, P.A., is Debtor's
bankruptcy counsel.


TUESDAY MORNING: Deadline for Committee Applications Set for June 8
-------------------------------------------------------------------
The U.S. Trustee is soliciting members for an unsecured creditors
committee in the bankruptcy cases of Tuesday Morning Corporation,
et al.

If one wishes to be considered for membership on any official
committee that is appointed, one must complete a required
Questionnaire Form and return it to the Office of the United States
Trustee no later than 4:00 p.m. (Central Standard Time), on Monday,
June 8, 2020 by email to nancy.s.resnick@usdoj.gov and
cynthia.l.worthington@usdoj.gov , Attention: Nancy S. Resnick and
Cindy Worthington.  

A representative from the U.S. Trustee's Office will contact all
creditors submitting a questionnaire to arrange for a telephonic
interview.  

Creditors interested in serving on a committee are encouraged to
send their completed
questionnaires before the June 8, 2020 deadline.

                   About Tuesday Morning

Tuesday Morning Corporation -- http://www.tuesdaymorning.com/,
together with its subsidiaries, is a closeout retailer of upscale
home furnishings,housewares, gifts, and related items.  It operates
under the trade name "Tuesday Morning" and are one of the original
"off-price" retailers specializing in providing unique home and
lifestyle goods at bargain values.  Based in Dallas, Texas, Tuesday
Morning operated 705 stores in 40 states as of Jan. 1, 2020.

Tuesday Morning Corporation and 6 affiliates sought Chapter 11
protection (Bankr. N.D. Tex. Lead Case No. 20-31476) on May 27,
2020.  The petitions were signed by Steven R. Becker, chief
executive officer.  The Hon. Harlin Dewayne Hale is the case
judge.

Tuesday Morning disclosed total assets of $92,000,000 and total
liabilities of $88,350,000 as of April 30, 2020.

The Debtors tapped Haynes and Boone, LLP, as general bankruptcy
counsel; AlixPartners LLP as financial advisor; and Stifel Nicolaus
& Co., Inc. as investment banker.  A&G Realty Partners, LLC, is the
real estate consultant.  Great American Group, LLC, is
the liquidation consultant.  EPIQ Corporate Restructuring, LLC, is
the claims and noticing agent.


UGI CORP: Egan-Jones Lowers Senior Unsecured Debt Ratings to BB+
----------------------------------------------------------------
Egan-Jones Ratings Company, on May 29, 2020, downgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by UGI Corporation to BB+ from BBB-.

Headquartered in King of Prussia, Pennsylvania, UGI Corporation
distributes and markets energy products and services.



ULTRA PETROLEUM: U.S. Trustee Appoints Creditors' Committee
-----------------------------------------------------------
The Office of the U.S. Trustee appointed a committee to represent
unsecured creditors in the Chapter 11 cases of Ultra Petroleum
Corp. and its affiliates.
  
The committee members are:

     1. UMB Bank, NA   
        120 South Sixth Street, Suite 1400
        Minneapolis, MN 55402
        Gordon Gendler  
        612-337-7002
        Gordon.gendler@umb.com

     2. US Bank, N.A.  
        MA-Global Corporate Trust, Boston
        1 Federal St, Boston, MA 02110
        Ian Bell   
        651-466-5860
        Ian.bell@usbank.com

     3. Plustick Partners
        200 6th Street NE
        Charlottesville, VA 22903
        Colin Frankenfield  
        434-977-9410
        cfrankenfield@plustickpartners.com

     4. IngleSea Capital Advisor
        267 5th Avenue, Suite #800
        New York, NY 10016
        Irving Schlussel  
        914-714-0531  
        irv@ingleseacap.com

     5. Schultze Asset Management
        800 Westchester Avenue, Suite S-632
        Rye Brook, New York 10573
        George J. Schultze
        914-701-5260 X104
        schultze@samco.net

     6. MPLX LP
        1515 Arapahoe Street, Tower 1, Suite 600
        Denver, Colorado 80202
        Christopher L. Rimkus
        303-925-9205
        clrimkus@marathonpetroleum.com

     7. Rockies Express Pipeline LLC
        4200 West 115th St., Suite 350
        Leawood, KS 66211-2609
        Damon Daniels
        713-540-4254
        damon.daniels@tallgrassenergylp.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                       About 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, Colo.

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.


UNDER ARMOUR: Egan-Jones Lowers Sr. Unsecured Debt Ratings to B+
----------------------------------------------------------------
Egan-Jones Ratings Company, on May 29, 2020, downgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Under Armour, Inc. to B+ from BB-.

Headquartered in Baltimore, Maryland, Under Armour, Inc. develops,
markets, and distributes branded performance products for men,
women, and youth.



VECTOR GROUP: Egan-Jones Lowers FC Senior Unsecured Rating to CCC
-----------------------------------------------------------------
Egan-Jones Ratings Company, on May 26, 2020, downgraded the foreign
currency senior unsecured rating on debt issued by Vector Group Ltd
to CCC from CCC+.

Headquartered in Miami, Florida, Vector Group Ltd., through its
subsidiaries, manufactures and sells cigarettes in the United
States.



VICTERRA ENERGY: U.S. Trustee Appoints Creditors' Committee
-----------------------------------------------------------
The Office of the U.S. Trustee appointed a committee to represent
unsecured creditors in the Chapter 11 cases of Victerra Energy
Holding Co., LLC and its affiliates.

The committee members are:

     1. Eagleclaw Midstream Ventures, LLC
        2700 Post Oak Blvd., Suite 300
        Houston, Texas 77056
        Todd Carpenter  
        713-621-7330
        tcarpenter@eagleclawmidstream.com   

     2. Aggreko, LLC
        4607 West Admiral Doyle drive
        New Iberia, Louisiana 70560
        Tait Faulk  
        337-369-2215
        tait.faulk@aggreko.com

     3. PERC Engineering, LLC
        1880 S. Dairy Ashford Rd., Suite 606
        Houston, Texas 77077
        Felipe Gonzalez  
        713-498-5990
        felipe.gonzalez@PERC-eng.com

     4. Penasco Services, LLC
        P.O. Box 1210
        Carlsbad, NM 88221
        Peggy George  
        575-941-0256
        Peggy.george@penascoservices.com

     5. Purestream Services, LLC
        770 S. Komas Drive
        Salt Lake City, Utah 84108
        Linda Ward  
        801-869-4461
        lward@purestream.com

Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                 About Victerra Energy Holding Co.

Victerra Energy Holding Co. -- https://victerra.com/ -- acquires
and develops upstream oil and gas projects in the onshore United
States.  Currently, Victerra is focused on the Permian Basin with
its existing project in Western Reeves County.

Victerra Energy Holding Co. and its affiliates filed Chapter 11
petitions (Bankr. S.D. Texas Lead Case No. 20-32487) on May 6,
2020.  In the petition signed by CRO Drew McManigle, Victerra
Energy Holding was estimated to have $10 million to $50 million in
both assets and liabilities.  The Hon. Marvin Isgur oversees the
cases.  Okin Adams, LLP is Debtor's bankruptcy counsel.


WHITING PETROLEUM: Committee Hires Conway as Financial Advisor
--------------------------------------------------------------
The official committee of unsecured creditors of Whiting Petroleum
Corporation and its debtor-affiliates seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to retain
Conway MacKenzie, Inc. as its financial advisor.

The Committee requires Conway to:

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

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

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

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

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

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

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

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

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

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

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

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

Conway MacKenzie's hourly rates are:

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

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

The firm can be reached through:

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

                  About Whiting Petroleum Corporation

Whiting Petroleum Corporation, a Delaware corporation --
http://www.whiting.com/-- is an independent oil and gas company
that explores for, develops, acquires and produces crude oil,
natural gas and natural gas liquids primarily in the Rocky Mountain
region of the United States. Its largest projects are in the Bakken
and Three Forks plays in North Dakota and Niobrara play in
northeast Colorado. Whiting Petroleum trades publicly under the
symbol WLL on the New York Stock Exchange.

Whiting Petroleum and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Lead Case No.
20-32021) on April 1, 2020. At the time of the filing, Debtors
disclosed $7,636,721,000 in assets and $3,611,750,000 in
liabilities. Judge David R. Jones oversees the cases.

The Debtors tapped Kirkland & Ellis, LLP, Kirkland & Ellis
International, LLP and Jackson Walker L.L.P. as legal counsel;
Moelis & Company as investment banker; Alvarez & Marsal as
financial advisor; Stretto as claims and solicitation agent, and
administrative advisor; and KPMG LLP US as tax consultant.


WHITING PETROLEUM: Committee Hires Pachulski Stang as Lead Counsel
------------------------------------------------------------------
The official committee of unsecured creditors of Whiting Petroleum
Corporation and its debtor-affiliates seeks
approval from the U.S. Bankruptcy Court for the Southern District
of Texas to retain Pachulski Stang Ziehl & Jones LLP as its lead
counsel.

The Committee requires Pachulski to:

     a. assist, advise and represent the committee in its
consultations with the Debtor and other creditor constituencies or
parties in interest regarding the administration of the case;

     b. assist, advise and represent the committee in analyzing the
Debtor's assets and liabilities, investigating the extent and
validity of liens and participating in and reviewing any proposed
asset sales, other asset dispositions, financing arrangements and
cash collateral stipulations or proceedings;

     c. assist, advise and represent the committee in any manner
relevant to reviewing and determining the Debtor's rights and
obligations under unexpired leases and executory contracts;

     d. assist, advise and represent the committee in investigating
the acts, conduct, assets, liabilities, and financial condition of
the Debtor, the operation of the Debtor's business and the
desirability of the continuance of any portion of the business, and
any other matters relevant to this case or to the formulation of a
plan;

     e. assist, advise and represent the committee in its
participation in the negotiation, formulation and drafting of a
plan of reorganization or liquidation;

     f. advise the Committee on the issues concerning the
appointment of a trustee or examiner under section 1104 of the
Bankruptcy Code;

     g. assist, advise, and represent the Committee in
understanding its powers and its duties under the Bankruptcy Code
and the Bankruptcy Rules and in performing other services as are in
the interests of those represented by the Committee;

     h. assist, advise, and represent the Committee in the
evaluation of claims and on any litigation matters, including
avoidance actions and claims against directors and officers and any
other party; and

    i. provide such other services to the Committee as may be
necessary in these cases.

Pachulski Stang will be paid at these hourly rates:

     Partners            $750 - $1,495
     Of Counsel          $675 - $1,125
     Associates          $625 - $725
     Paraprofessionals   $395 - $425

Pachulski Stang will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Robert J. Feinstein, Esq., a partner at Pachulski, attests that the
firm does not represent any interest adverse to the Debtor's estate
and creditors.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Feinstein disclosed in court filings that his firm has not agreed
to a variation of its standard or customary billing arrangements,
and that no Pachulski professional has varied his rate based on the
geographic location of the Debtors' bankruptcy cases.

As committee counsel, Pachulski Stang anticipates that the budget
for committee professionals will be governed by the terms of the
order that may be entered approving the Debtors' motions for use of
cash collateral and debtor-in-possession financing,  Mr. Feinstein
added.

Pachulski Stang can be reached through:

     Robert J. Feinstein, Esq.
     Pachulski Stang Ziehl & Jones LLP
     780 Third Avenue, 34th Floor
     New York, NY 10017
     Tel: 212-561-7700
     Fax: 212-561-7777

                  About Whiting Petroleum Corporation

Whiting Petroleum Corporation, a Delaware corporation --
http://www.whiting.com/-- is an independent oil and gas company
that explores for, develops, acquires and produces crude oil,
natural gas and natural gas liquids primarily in the Rocky Mountain
region of the United States. Its largest projects are in the Bakken
and Three Forks plays in North Dakota and Niobrara play in
northeast Colorado. Whiting Petroleum trades publicly under the
symbol WLL on the New York Stock Exchange.

Whiting Petroleum and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Lead Case No.
20-32021) on April 1, 2020. At the time of the filing, Debtors
disclosed $7,636,721,000 in assets and $3,611,750,000 in
liabilities. Judge David R. Jones oversees the cases.

The Debtors tapped Kirkland & Ellis, LLP, Kirkland & Ellis
International, LLP and Jackson Walker L.L.P. as legal counsel;
Moelis & Company as investment banker; Alvarez & Marsal as
financial advisor; Stretto as claims and solicitation agent, and
administrative advisor; and KPMG LLP US as tax consultant.


WHITING PETROLEUM: Committee Taps Gray Reed as Local Counsel
------------------------------------------------------------
The official committee of unsecured creditors of Whiting Petroleum
Corporation and its debtor-affiliates seeks
approval from the U.S. Bankruptcy Court for the Southern District
of Texas to retain Gray Reed & McGraw LLP as its local counsel.

Services Gray Reed will render are:

     (a) advise the Committee with respect to its rights, powers
and duties in these cases;

     (b) advise and consult with the Committee concerning (i) the
administration of these cases and (ii) unsecured creditors' rights
and remedies in connection with the Debtors' estates;

     (c) analyze all facets of the Debtors' cases, including the
acts, conduct, assets, liabilities, and financial condition of the
Debtors, claims by and against the estates, the existence of estate
causes of action, the operation of the Debtors' businesses, and
matters related to the formulation, proposal and confirmation of a
chapter 11 plan;

     (d) work with the Debtors concerning the administration of
these cases;

     (e) preserve, protect and maximize the value of the Debtors'
assets and estates;

     (f) prepare pleadings, motions, answers, notices, orders, and
reports necessary or required to protect the Committee's
constituents, or to the administration of these cases;

     (g) as appropriate, working to formulate, prepare and confirm
a chapter 11 plan;

     (h) review and analyze all applications, motions, orders,
statements of operations and schedules filed with the Court and
advising the Committee with respect thereto; and

     (i) perform other legal services for the Committee that the
Committee determines are necessary and appropriate to faithfully
discharge its duties or otherwise relevant to these cases.

Gray Reed's current customary hourly rates generally range from
$315 to $720 per hour for attorneys and $75 to $300 per hour for
paraprofessionals.

The firm's standard hourly rates are:

      Jason Brookner, partner     $720
      Lydia Webb, associate       $550
  
Jason Brookner, Esq., a partner at Gray Reed, attests that the firm
and its lawyers are "disinterested" within the meaning of Section
101(14) the Bankruptcy Code.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Brookner disclosed in court filings that:

     (a) Gray Reed did not agree to any variations from, or
alternatives to, its standard or customary billing arrangements for
this engagement.

     (b) No rate for any of the professionals included in this
engagement varies based on the geographic location of the
bankruptcy case.

     (c) Gray Reed did not represent any member of the Committee in
the Debtors' chapter 11 cases prior to its retention by the
Committee.

     (d) Gray Reed expects to develop a prospective budget and
staffing plan to reasonably comply with the U.S. Trustee's request
for information and additional disclosures, to which Gray Reed
reserves all rights.

     (e) The Committee has approved Gray Reed's proposed hourly
billing rates. The Gray Reed attorneys staffed on the Debtors'
chapter 11 cases, subject to modification depending upon further
development.

The firm can be reached through:

     Jason S. Brookner, Esq.
     Gray Reed & McGraw LLP
     1601 Elm Street, Suite 4600
     Dallas, TX 75201
     Tel: (214) 954-4135
     Fax: (214) 953-1332
     Email: jbrookner@grayreed.com

                  About Whiting Petroleum Corporation

Whiting Petroleum Corporation, a Delaware corporation --
http://www.whiting.com/-- is an independent oil and gas company
that explores for, develops, acquires and produces crude oil,
natural gas and natural gas liquids primarily in the Rocky Mountain
region of the United States. Its largest projects are in the Bakken
and Three Forks plays in North Dakota and Niobrara play in
northeast Colorado. Whiting Petroleum trades publicly under the
symbol WLL on the New York Stock Exchange.

Whiting Petroleum and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Lead Case No.
20-32021) on April 1, 2020. At the time of the filing, Debtors
disclosed $7,636,721,000 in assets and $3,611,750,000 in
liabilities. Judge David R. Jones oversees the cases.

The Debtors tapped Kirkland & Ellis, LLP, Kirkland & Ellis
International, LLP and Jackson Walker L.L.P. as legal counsel;
Moelis & Company as investment banker; Alvarez & Marsal as
financial advisor; Stretto as claims and solicitation agent, and
administrative advisor; and KPMG LLP US as tax consultant.


YUMA ENERGY: Seeks to Hire Dorsey & Whitney as New Legal Counsel
----------------------------------------------------------------
YUMA Energy, Inc., seeks approval from the U.S. Bankruptcy Court
for the Northern District of Texas to hire Dorsey & Whitney, LLP as
its new legal counsel.

Dorsey & Whitney will substitute for FisherBroyles, LLP, the firm
that initially handled the Chapter 11 cases of YUMA Energy and its
affiliates.

The standard hourly rates for Dorsey & Whitney attorneys who are
expected to provide the services range from $600 to $850.  The
rates for the firm's paraprofessionals range from $250 to $350 per
hour.

H. Joseph Acosta, a partner at Dorsey & Whitney, disclosed in court
filings that the firm is "disinterested" within the meaning of
Section 101(14) of the Bankruptcy Code.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Acosta made the following disclosures:

     1. The hourly rates for the attorney and other professionals
involved in Debtors' bankruptcy cases were discounted by over 25
percent.  

     2. The professionals at Dorsey & Whitney involved in the cases
are being billed at their resident office rate.

     3. Mr. Acosta represented Debtors at his prior firm,
FisherBroyles, in the 12 months prior to their bankruptcy.  He did
not represent Debtors at his current firm, Dorsey & Whitney, in the
12 months prior to the petition date.

     4. Debtors and Dorsey & Whitney have developed a budget and
staffing plan that reflected (i) the estimated number of hours and
amount of fees that would be expended on Debtors' Chapter 11 cases
during the first three months after the petition date, and (ii) the
estimated type and number of professionals and paraprofessionals
needed to successfully represent Debtors during the first three
months after the petition date.  The prior budget and staffing plan
has been revised to reflect the relevant staffing changes that have
occurred as a result of Mr. Acosta's transition from FisherBroyles
to Dorsey & Whitney.  Debtors have approved the revised budget and
staffing plan.  Debtors recognize, however, that in the course of
large Chapter 11 cases such as those filed by Debtors, it is
possible that there may be a number of unforeseen fees and expenses
that will need to be addressed by Debtors and Dorsey & Whitney.  As
these cases continue to develop, Debtors and the firm will work
together to revise the budget and staffing plan as needed.   

Dorsey & Whitney can be reached through:

     H. Joseph Acosta, Esq.
     Dorsey & Whitney LLP
     300 Crescent Court, Suite 400
     Dallas, Texas 75201
     Telephone: (214) 981-9900
     Facsimile: (214) 981-9901
     Email: acosta.joseph@dorsey.com

                         About Yuma Energy

Yuma Energy, Inc. -- http://www.yumaenergyinc.com/-- is an
independent Houston-based exploration and production company.  The
Company is focused on the acquisition, development, and exploration
for conventional and unconventional oil and natural gas resources,
primarily in the U.S. Gulf Coast, the Permian Basin of West Texas
and California. The Company has employed a 3-D seismic-based
strategy to build a multi-year inventory of development and
exploration prospects. Its current operations are focused on
onshore properties located in southern Louisiana, southeastern
Texas and recently, in the Permian basin of West Texas. In
addition, the Company has non-operated positions in the East Texas
Eagle Ford and Woodbine, and operated positions in Kern County in
California.

Yuma Energy and three of its affiliates filed for bankruptcy
protection on April 15, 2020 (Bankr. N. D. Texas, Lead Case No.
20-41455). The petitions were signed by Anthony C. Schnur, chief
restructuring officer.

As of Dec. 31, 2019, Yuma posted $32,290,329 in total assets and
$28,270,794 in total liabilities.

THe Debtors have tapped Fisher Broyles LLP as their legal counsel;
Seaport Gordian Energy LLC as their investment banker; Ankura
Consulting Group LLC as their financial advisor; and Stretto as
their administrative advisor.


[*] Global Air Transport Industry Hit Hard By Covid-19
------------------------------------------------------
CC0 Public Domain reports that the coronavirus pandemic has badly
impacted that air transport industry because it resulted to the
massive layoffs, rescue plans, grounding of planes, and
bankruptcies.

The International Air Transport Association (IATA) has estimated
global airlines will lose $314 billion (286 billion euros) in 2020
revenues.

That's a 55 percent dive compared to 2019, and air traffic will not
bounce back to where it stood before the virus until 2023, the IATA
says.

Some of the major casualties are:

   * Latam Airlines is the newest carrier that file for bankruptcy
protection on May 26, 2020.  It has over 42,000 employees and has
entered into voluntary reorganization under the U.S. Chapter 11,
that allows companies that are no longer able to repay debts to
restructure devoid of creditors' pressure.

   * Avianca, with 20,000 employees, also filed for bankruptcy in
the U.S.

   * Cash-strapped giant Virgin Australia also collapsed on April
21, going into administration.

   * The pandemic has also led to the collapse of South Africa's
Comair and South African Airways (SAA), Britain's Flybe and four
subsidiaries of Norwegian Air Shuttle in Sweden and Denmark.

   * Air Canada plans to lay off more than half of its workforce,
or at least 19,000 employees.  British Airways will shed 12,000
jobs or 30 percent of its workforce, US Delta Air Lines will carry
out 10,000 redundancies (11 percent), while Scandinavia's SAS will
lay off 5,000 jobs (40 percent).

   * Other job losses will come at United Airlines in the US (3,450
officials), Britain's Virgin Atlantic (3,150), Ireland's Ryanair
(3,000) and Aer Lingus (900), Icelandair (2,000), Brussels Airlines
(1,000), Hungary's Wizz Air (1,000) and Fiji Airways (758). US
plane manufacturer Boeing has announced 16,000 layoffs, or 10
percent of its workforce in the civil aviation sector.  In the
engine sector, US manufacturer General Electric and Britain's
Rolls-Royce have also slashed 12,600 and 9,000 jobs respectively.

Governments of different countries came to the rescue to help
airline companies that went under.

German airline group Lufthansa struck a EUR9 billion ($9.8 billion)
rescue deal with the government on Monday, under which Berlin will
become its main shareholder.  Also in Germany, charter firm Condor,
a subsidiary of bankrupt travel agency Thomas Cook, secured 550
million euros in loans, underwritten by the state.

France and the Netherlands have rushed to the rescue of Air
France-KLM with a plan of between EUR9 billion and EUR11 billion.

Most of the big American air companies have asked for support from
a massive $2.2 trillion US stimulus package intended to help
impacted industries, of which $50 billion is earmarked for the
civil aviation sector.

Italy has decided to nationalise Alitalia.

Britain has pledged a 600-million-pound ($740-million) public loan
to Easyjet.

Switzerland has guaranteed 1.2 billion euros in loans to Swiss and
Edelweiss, two subsidiaries of Lufthansa.

New Zealand has loaned some NZ$900 million ($551 million) to Air
New Zealand.

Dubai and Turkey have also announced that they will come to the aid
of Emirates and Turkish Airlines, but have not yet provided
figures.


[*] Over 240 Energy Companies Could File for Bankruptcy by 2021
---------------------------------------------------------------
Marie D. De Jesus of the Houston Chronicle reports that over 240
U.S. oil and gas companies may be forced to file for bankruptcy
protection over the next two years due to low prices of oil.

According to the report, Rystad Energy, a Norwegian energy research
firm, said that some 73 energy companies might have to file for
Chapter 11 bankruptcy this 2020 with the price of crude hovering
around $30 a barrel. If prices remain low, another 170 companies
are expected to follow in 2021, said

If the forecast of Rystad holds true, the number of energy
bankruptcies from the coronavirus-driven oil crash will eclipse
that of the last bust, which claimed some 200 companies.  Several
energy companies have recently filed for bankruptcy, including
Gavilan Resources, Freedom Oil and Gas, Skylar Exploration, Diamond
Offshore, and Whiting Petroleum.  The COVID-19 pandemic, which has
forced businesses to temporarily close and consumers to stay home,
has crushed demand for oil and gas products, causing prices to
plummet.

"The Covid-19 pandemic and the price crisis it has brought upon the
oil and gas sector have hit the profitability of exploration and
production (E&P) companies hard. Despite the recent relative oil
price recovery, dozens of U.S. operators are still threatened by
bankruptcies even at a West Texas Intermediate oil price of $30 per
barrel," the Rystad report states.

Rystad argues that the aid from the U.S. federal government could
help smaller operators avoid bankruptcies and help protect U.S.
energy security. Rystad forecasts that almost 300,000 barrels per
day of oil production is at risk of being deemed uneconomical in
the current market.

"If these smaller players go bankrupt and their production is shut
down, a lot more cash would be required to restart production by a
potential new operator that picks up the lease," Joachim Milling
Gregersen, Rystad's upstream analyst, said in a statement. "This
would disincentivize operators from applying for these leases,
resulting in an economically suboptimal result."


[*] Texas Economy Could Lose $24B If Oil Prices Remain Low
----------------------------------------------------------
Tsvetana Paraskova, writing for oilprice.com, reports that Texas
can experienced over $24 billion GDP loses if prices of oil remain
at $30s.

The downturn in the U.S. oil industry could lead to more than $24
billion of lost GDP for Texas alone, if oil prices remain in the
$30s, Ed Hirs, Energy Fellow at the University of Houston, told
Anadolu Agency.

According to analysts and legal experts, the oil price collapse,
the production curtailments, and the budget cuts have already
resulted in layoffs in the industry, and more job losses and oil
and gas company bankruptcies are coming.

"Many of the endangered companies had some amount of hedging in
place to help them survive 12 to 18 months of a price collapse,"
Hirs told Anadolu Agency.  Yet, the energy economist warned that
"the write-downs of asset values and the lack of new loans from
banks and other lenders will spell the end for many companies."

Mr. Hirs said that the collapse in the U.S. rig count indicates
that up to 70,000 workers may have already lost their jobs in the
American oil and gas industry.

Oil and gas companies, as well as the retail industry, are the
worst hit sectors in the COVID-19 pandemic that swept through
businesses in Texas, bankruptcy and restructuring lawyers say.

In the five years to April 1, 2020, a total of 215 North American
oil and gas producers have filed for bankruptcy, Haynes and Boone
said in its Oil Patch Bankruptcy Monitor in early April.

In the later part of April 2020, numerous companies filed for
Chapter 11 bankruptcy protection and these include  Diamond
Offshore Drilling and Whiting Petroleum.  U.S. shale gas pioneer
Chesapeake Energy said in May 2020 it was evaluating a Chapter 11
bankruptcy protection reorganization—along with other
options—as the low oil and gas prices weigh heavily on its
finances and substantial outstanding debt.  The list is set to grow
in coming weeks, according to experts.

According to Rystad Energy, if WTI Crude averages $30 a barrel in
2020, about 73 oil firms in the U.S. may have to file for Chapter
11 bankruptcy protection, and another 170 companies could follow in
2021.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
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
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Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2020.  All rights reserved.  ISSN: 1520-9474.

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