/raid1/www/Hosts/bankrupt/TCR_Public/200915.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, September 15, 2020, Vol. 24, No. 258

                            Headlines

1006 WEBSTER: Sept. 15 Due to Object to $5.1M DC Property Sale
24 HOUR FITNESS: Court Rejects Landlord’s Bid to Release Lease
A-1 GRANITE: Unsecureds Will Recover 10% of Claims in Plan
A.R.M. OPCO: Brandon Buying All Assets for $2.4 Million
ACASTI PHARMA: Incurs $4.7 Million Net Loss in First Quarter

ACASTI PHARMA: To Hold its Annual & Special Meeting on Sept. 30
AHI INVESTMENTS: Unsecureds Will Get Nothing in Plan
AMBERSON NATURAL: U.S. Trustee Unable to Appoint Committee
AMERICARE-TENNESSEE: U.S. Trustee Unable to Appoint Committee
ARANDELL HOLDINGS: U.S. Trustee Appoints Creditors' Committee

ASCENA RETAIL GROUP: Set to Close Three Stores in New Mexico
ASCENT RESOURCES: Fitch to Assign 'B(EXP)' LT IDR, Outlook Stable
AVINGER INC: Board Approves Annual Target Bonus Percentages
AVINGER INC: Gets FDA Clearance for Ocelaris CTO Crossing System
BANTEC INC: Enters Into $104K Promissory Note with Geneva Roth

BAUMANN & SONS: Durham Buying Transportation Assets for $60K
BAUMANN & SONS: Guardian Buying Transportation Assets for $2.6M
BAUMANN & SONS: MAT Bus Buying Transportation Assets for $865K
BAUMANN & SONS: Orange Buying Transportation Assets for $20K
BEAR GRASS: Unsecureds Will Get 1% of Claims

BENNINGTON CORP: A Plus Buying DC Properties for $2.6 Million
BLACKSTONE CQP: S&P Affirms 'B' ICR After Ownership Change
BON VIEW: U.S. Trustee Unable to Appoint Committee
BURKE MOUNTAIN: U.S. Trustee Unable to Appoint Committee
CABLEVISION LIGHTPATH: S&P Assigns 'B+' ICR; Outlook Stable

CALAIS REGIONAL HOSPITAL: Seeks to Exit Bankruptcy Temporarily
CAMERON TRANSPORT: U.S. Trustee Unable to Appoint Committee
CANADIAN IMPERIAL BANK: S&P Rates Tier 1 Capital Note Add-on 'BB+'
CARDINAL HOLDINGS 3: Moody's Alters Outlook on B2 CFR to Stable
CARSON CREEK: Penta Buying Austin Property for $1.2 Million

CBAC PROPERTIES: U.S. Trustee Unable to Appoint Committee
CFO MGMT: Trustee Selling McKinney Property to CP380 for $17.5M
CHICO'S FAS: Canadian Unit Files Bankruptcy, Closes 10 Stores
CLAUDE JOHN THOMPSON: Shadfan Buying Mason Property for $950K
COMMUNITY PROVIDER: Sets Bidding Procedures for All Assets

CORNERSTONE BUILDING: S&P Rates $400MM Senior Unsecured Notes 'B-'
ECLIPSE MIDCO: S&P Affirms 'B-' ICR on Announced Refinancing
ECOARK HOLDINGS: Subsidiary Enters Into Lease Assignment Deal
EDMUND L. ANDERSON: City Wide Buying Two L.A. Properties for $827K
EDUARDO SOLORZANO: Obligee Reopening Case to Sell Pinecrest Propty.

ENDICOTT MEATS: Sets Bidding Procedures for Bronx Property
ENDICOTT MEATS: Tenant Buying Bronx Property for $400K
EVERALD F. THOMPSON: Must Pay McNally $23,975 for Costs Incurred
FALC ENTERPRISES: Voluntary Chapter 11 Case Summary
FANSTEEL FOUNDRY: Trustee Suit vs Luxfer Returned to Bankr. Court

FM COAL: U.S. Trustee Appoints Creditors' Committee
FORTRESS TRANSPORTATION: Fitch Affirms 'BB-' IDR, Outlook Stable
FREEDOM DEVELOPMENT: Hearing Sept. 15 on Further Cash Use
FRONTIER COMMUNICATIONS: CWA, TURN Oppose Virtual Separation
FS ENERGY: Moody's Confirms Ba3 CFR & Senior Secured Rating

GARBANZO MEDITERRANEAN: U.S. Trustee Unable to Appoint Committee
GENCANNA GLOBAL: Bankruptcy Filing Stops Ex-CFO's Labor Complaint
GENERAL MOTORS FINANCIAL: S&P Rates Series C Preferred Stock 'BB+'
GIGA WATT: Trustee Sets Bid Procedures for Quincy Condo Unit
GLENOGLE ENERGY: Wants Court to Convert NOI to CCAA Proceeding

GREENPOINT TACTICAL: Caplan as Broker & Gemstones Sale Approved
GRUPO AEROMEXICO: DrawsInitial Loan Under Tranche 1 DIP Financing
GUADALUPE REGIONAL MEDICAL CENTER: S&P Alters Outlook to Stable
GUARDIAN FINANCIAL: Gets CCAA Protection; KSV Named Monitor
HAWAIIAN HOLDINGS: Provides Update on Recent Developments

HMONG EDUCATION: S&P Rates Lease Bonds 'BB+'
HOLOGIC INC: Moody's Hikes CFR to Ba1, Outlook Stable
HOWMET AEROSPACE: S&P Lowers ICR to 'BB+'; Outlook Negative
HRI HOLDING: 1200 Harbor Steps Down as Committee Member
HUDBAY MINERALS: S&P Rates New US$500MM Senior Unsecured Notes 'B'

HUMANIGEN INC: Incurs $24 Million Net Loss in Second Quarter
HUMANIGEN INC: Reverse Stock Split Took Effect on Sept. 11
ISRAEL BAPTIST: Row Homes Buying Baltimore Properties for $15K
J AND H CONSTRUCTION: U.S. Trustee Unable to Appoint Committee
J.C PENNEY: $1.75-Bil. With Brookfield/Simon to Lead Sale Process

JC PENNEY: Opposes Bid to Appoint Equity Committee
JOSEPH E. POLE: $1.25M Sale of Mesa Property to Child Crisis Okayed
KANG FAMILY: U.S. Trustee Unable to Appoint Committee
KEN GARFF: S&P Affirms 'B+' ICR, Alters Outlook to Stable
KLAUSNER LUMBER: Revised Order on All Assets Sale to Mercer Filed

LA DHILLON: Case Summary & 20 Largest Unsecured Creditors
LIVEXLIVE MEDIA: CEO Foregoes Monthly Salary in Exchange for Shares
MAGNUM MRO: $16K Sale of 2016 Ford F150 to Palmer Approved
MAI HOLDINGS: S&P Downgrades ICR to 'SD' on Debt Exchange
MATALAN FINANCE: Files Chapter 15 Bankruptcy Protection in the U.S.

MEDNAX INC: Moody's Places B1 CFR Under Review for Upgrade
MOUSTACHE BREWING CO: Files Bankruptcy Protection
MUSCLE MAKER: Prices $5.6 Million Follow-On Public Offering
NABORS INDUSTRIES: Fitch Affirms 'B-' IDR, Outlook Negative
NAVICURE INC: Fitch Assigns 'B-' LongTerm IDR, Outlook Stable

NEIMAN MARCUS:Creditors Claim It Inflated Valuation by $3.1B
NEUBASE THERAPEUTICS: Amends Outside Director Compensation Policy
NEUBASE THERAPEUTICS: Incurs $3.80 Million Net Loss in 3rd Quarter
NORTHLAND CORPORATION: U.S. Trustee Appoints Creditors' Committee
NUTRIBAND INC: Incurs $226K Net Loss in Second Quarter

OPPENHEIMER HOLDINGS: Moody's Affirms B1 CFR, Outlook Stable
PEAK PROPERTY: Case Summary & 5 Unsecured Creditors
PETER SAMUEL ROSEN: $75K Sale of Leon County Property Approved
PG&E CORP: Appoints Former Interim CEO as General Counsel
PIER 1 IMPORTS: An Online Store Is Coming, New Owners Say

RAMARAMA INC: Case Summary & 2 Unsecured Creditors
RAYSHAWN L. ROBINSON: Amends Order on Glenn Dale Property Sale
RESTLAND MEMORIAL: Sale of Interment Rights for $100K Confirmed
RGN-AUSTIN: Voluntary Chapter 11 Case Summary
RGN-PHOENIX XII: Voluntary Chapter 11 Case Summary

RGN-SAN DIEGO XII: Voluntary Chapter 11 Case Summary
ROBERT F. TAMBONE: $185K Sale of 2017 Grady White Boat Partly OK'd
ROBERT J. MOCKOVIAK: Selling Boynton Beach Property for $464K
ROUGH COUNTRY: Moody's Hikes CFR to B2, Outlook Stable
RTW RETAILWINDS: NY & Co. Closes At Least 4 Stores in Queens

SABON HOLDINGS: Beauty Supply Store Closes Broadway Branch
SEA OAKS: Atlantic Buying Substantially All Assets for $3 Million
SEANERGY MARITIME: CEO Plans to Buy 500,000 Common Shares
SEASPRAY RESORT: U.S. Trustee Unable to Appoint Committee
SIGNATURE CONSTRUCTION: Sept. 17 & 24 Auctions of Property Approved

SONOMA PHARMACEUTICALS: Appoints New Chief Financial Officer
SOUNDVIEW PREPARATORY: Unicorn Buying Yorktown Property for $2.85M
TOMMIE BROADWATER, JR: Selling Capitol Heights Property for $45K
TONOPAH SOLAR: Owner Tells Court of Hopes for Year-End Restart
TPT GLOBAL: Inks Strategic Partnership Deal with Thomas Scientific

TRIVASCULAR SALES: Oscor Inc. Removed as Committee Member
TRUDY’S TEXAS: Hargett Hunter Wins Auction for Tex-Mex Chain
VERITY HEALTH: Gets Conditional Ok from Cal. AG to Sell 2 Hospitals
VIDANGEL INC: To Emerge from Bankruptcy After Disney Settlement
VIVUS INC: Court Orders U.S. Trustee to Appoint Equity Committee

VOSSEKUIL PROPERTIES: DOT Buying Fond du Lac Property for $165K
WEST ALLEY BBQ: U.S. Trustee Unable to Appoint Committee
WINDSTREAM HOLDINGS: Creates New Directors Ahead of Ch.11 Exit
WP REALTY: Case Summary & 17 Unsecured Creditors
[*] Chapter 11 U.S. Commercial Bankruptcy Filings Up 17% in August

[*] Jennifer Nassiri Joins Sheppard Mullin's Bankruptcy Practice
[*] Judge Judith K. Fitzgerald to Get American Inns of Court Award
[*] Katten Adds Two New Partners to Insolvency Practice
[*] Scura Represents First Consensual Individual Subchapter V Case
[^] Large Companies with Insolvent Balance Sheet


                            *********

1006 WEBSTER: Sept. 15 Due to Object to $5.1M DC Property Sale
--------------------------------------------------------------
Judge Martin S. Teel, Jr. of the U.S. Bankruptcy Court for the
District of Columbia partially granted 1006 Webster, LLC's request
to shorten the time for its creditors to file responses to its
proposed sale of the unimproved residential real property known as
1006 Webster Street, N.W., Washington, D.C. to Siem Abebe for $5.1
million, from 21 days to 14 days, thereby requiring all objections
to be filed by Sept. 15, 2020.   

A hearing on the Motion is set for Sept. 17, 2020.  

The Property is a vacant 10-unit apartment building.  It was
scheduled by the Debtor at a value of $3.5 million.  

The sale will be free and clear of all liens, claims, encumbrances
or interest of any party.

WCP Fund I, LLC holds the only known asserted lien against the
Property.  The amount of the lien asserted by WCP is $1,399,640 as
of the Petition Date.  The lien of WCP Fund I, LLC will be paid in
full upon the sale contemplated by the Motion, including all
accruing interest, fees and costs.  The Debtor avers that real
property taxes have been paid through the current date.  No other
liens are known to be asserted against the Property.

The Debtor will serve a copy of the Order on all required to
receive notice under Fed. R. Bankr. P. 2002 and Local Rule 2002-1
within one business day of the entry of the Order.   

A copy of the Contract is available at https://tinyurl.com/y59mcqmg
from PacerMonitor.com free of charge.

                      About 1006 Webster

1006 Webster, LLC is a Single Asset Real Estate, whose principal
assets are located at 1006 Webster St., NW Washington, DC 20011.
1006 Webster, LLC, sought Chapter 11 protection (Bankr. D. D.C.
Case No. 20-00302) on July 13, 2020.  The case is assigned to Judge
Martin S. Teel, Jr.  In the petition signed by Yared Assefaw,
managing member, the Debtor was estimated to have assets and
liabilities in the range of $1 million to $10 million.  The Debtor
tapped Craig M. Palik, Esq., at McNamee, Hosea, Jernigan, Kim,
Greenan & Lynch, P.A., as counsel.


24 HOUR FITNESS: Court Rejects Landlord’s Bid to Release Lease
----------------------------------------------------------------
Law360 reports that a Delaware judge on July 29, 2020, denied a
landlord's bid to have bankrupt 24 Hour Fitness release its lease
so it can bring in a new tenant, but said she will soon consider
related relief for the landlord despite concerns it could open a
flood of requests from other landlords.   During a hearing held
virtually, U.S. Bankruptcy Judge Karen B. Owens denied BRE Retail
Residual Owner 1 LLC's request for 24 Hour Fitness Worldwide Inc.
to reject a lease for a Texas location so the landlord can bring in
another fitness center tenant.

                       About 24 Hour Fitness

24 Hour Fitness Worldwide, Inc., owns and operates fitness centers
in the United States.  As of March 31, 2017, the company operated
426 clubs serving approximately 3.6 million members across 13
states and 23 markets, predominantly in California, Texas and
Colorado. For the 12 months ended March 31, 2017, the company
generated total revenue of about $1.4 billion. In May 2014, 24 Hour
Fitness was acquired by affiliates of AEA Investors LP, Fitness
Capital Partners and Ontario Teachers' Pension Plan for a total
purchase price of approximately $1.8 billion.

24 Hour Fitness Worldwide and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 20-11558) on June 15,
2020. 24 Hour Fitness was estimated to have $1 billion to $10
billion in assets and liabilities as of the bankruptcy filing.

The Hon. Karen B. Owens is the case judge.

The Debtors tapped Weil, Gotshal & Manges, LLP as lead bankruptcy
counsel; Pachulski Stang Ziehl & Jones, LLP as local counsel; FTI
Consulting, Inc. as financial advisor; Lazard Freres & Co. LLC as
investment banker; and Prime Clerk, LLC as claims agent.


A-1 GRANITE: Unsecureds Will Recover 10% of Claims in Plan
----------------------------------------------------------
A-1 Granite Man, Inc., submitted a Combined Plan of Reorganization
and Disclosure Statement that say that unsecured creditors holding
allowed claims will receive distributions at $.10 on the dollar, or
10%.

Class 1 Department of Finance and Administration is impaired.  This
class consists of the Sec. 507(a)(8) priority claim of the Arkansas
Department of Finance and Administration (DF&A) in the amount of
$59,905.  This claim will be paid in full over 60 consecutive
months with monthly payments of $998.42.  Payments will begin on
the first day of the month following the effective date of the Plan
and shall be due not later than the 15th day of each month
thereafter.

Class 2 Secured Claim Of Swift Financial is impaired.  This class
consists solely of the secured claim of Swift Financial in the
estimated amount of $101,013 and is secured by a perfected lien.
The creditor will retain its lien on the collateral, and will be
paid the value of the collateral ($27,250) by Debtor by making
regular monthly payments of $468.74 over a five year period.  This
amount includes 1.25% interest.  The first monthly payment will be
made on the first day of the month following the effective date of
the plan and continuing for 60 months.

Class 3 General Unsecured Claims are impaired.  This class consists
solely of Debtor's unsecured, non-priority debts of $166,450.  This
class shall receive a pro-rata monthly payment in the amount of
$277.42 beginning the month after the plan is confirmed. Payments
will be due on the 15th of every month.  The total class payout
shall total $16,645 or 10% of scheduled claims.  Disallowed claims
will not receive any distributions under the Plan.

The Debtor will continue its current business operations and
payments will be made from cash flow from operations and/or future
income.

A full-text copy of the Combined Plan of Reorganization and
Disclosure Statement dated August 3, 2020, is available at
https://tinyurl.com/y6an2x9u from PacerMonitor.com at no charge.

Attorney for Debtor:

     JENNIFER M. LANCASTER
     413 N. Market St.
     Benton, AR 72015
     Phone (501) 776-2224
     Fax (501) 778-6186
     E-mail: jennifer@thelancasterlawfirm.com

                       About A-1 Granite Man

A-1 Granite Man Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Ark. Case No. 19-14343) on Aug. 19,
2019.  At the time of the filing, the Debtor was estimated to have
assets of less than $50,000 and liabilities of less than $500,000.
Lancaster & Lancaster Law Firm, P.L.L.C., is the Debtor's counsel.


A.R.M. OPCO: Brandon Buying All Assets for $2.4 Million
-------------------------------------------------------
A.R.M. OPCO, Inc., asks the U.S. Bankruptcy Court for the Northern
District of Ohio to authorize the sale of substantially all of its
assets to Brandon Manufacturing, Inc. or its assign or designee.

The Purchaser will purchase the Assets for a total consideration of
$2,376,696, plus the aggregate amount of the Assumed Liabilities;
provided, however, that the final Purchase Price will be increased
or decreased to the extent that the accounts receivable on the
books of the Company at Closing are greater or less than
$1,730,161. For example purposes, if the accounts receivable on the
books of the Seller at Closing are $1.6 million, the Purchase Price
will be reduced by $130,161.

With the COVID- 19 pandemic, the heavy truck industry was hit hard.
Shutdowns of major chassis and component suppliers and major pull
backs in spending in the municipal and contractor markets pushed
the company into financial distress.  The markets and supply chains
essentially dried up overnight.  As a result, the Debtor consumed
all of its operating capital and has no means of continuing its
operations and is seeking chapter 11 protection to consummate a
sale of its assets.

The Debtor proposes that the Purchaser will purchase and acquire
the Debtor's business and substantially all of its assets pursuant
to the purchase agreement.  Pursuant to the APA, the Debtor further
proposes that it will assume and assign to the Purchaser certain
executory contracts and unexpired leases associated with its
business, as expressly identified in the APA.  Such list may be
modified upon the execution of a purchase agreement between the
Debtor and the Purchaser in which case the Debtor will provide
notice to any party impacted by such modifications.  

The Debtor proposes that the Purchaser will, in consideration for
the purchase of its assets and assignment of executory contracts
and unexpired leases, pay the purchase price in cash on the Closing
Date or assume certain debts of the Debtor, all as set forth in the
APA.

The closing will occur immediately after the entry of an order
approving the sale of the Debtor's assets.  The Debtor asks that
such order include the protection provided under section 363(m) of
the Bankruptcy Code and that the stay imposed by Bankruptcy Rule
6004(g) be waived to facilitate an immediate closing.  If a closing
does not occur within 10 days after the entry of such order, then
the Debtor may proceed to close a sale with the party submitting
the second highest bid for its assets.

The Debtor is indebted to Austin Financial Services, WebBank, also
known as Paypal, and Libertas in the approximate principal amount
of $2,828,378 plus interest.  The Lenders hold security interests
in substantially all of the Debtor's assets, including without
limitation, the Sale Assets to be transferred.  The Debtor has been
advised by the Lenders consent to the sale of the Sale Assets free
and clear of the Lenders' liens, on the condition that the Debtor
holds the proceeds of the sale (less the Excess Proceeds) in escrow
until further order of the Court.  The Lenders' security interest
in other assets (the Excluded Assets), if any, would remain in full
force and effect.   

Alternatively, the Debtor may sell its assets without the consent
the Lenders so long another subsection of section 363(f) of the
Bankruptcy Code is met.  In that instance, the proposed sale may be
approved under section 363(f)(1) and (5) so long the Lenders
receive the value of their interest in the Debtor's property.  That
value may be measured by the purchase price.  The Bidding
Procedures are calculated to draw the highest price for the Sale
Assets and thereby fix the value of the Lenders’ interest in the
Sale Assets.  Therefore, through the sale process proposed by the
Debtor, the Lenders are receiving the value of their interest in
the
Debtor's property.

A copy of the Agreement is available at
https://tinyurl.com/y4l48axy from PacerMonitor.com free of charge.

                     About A.R.M. OPCO Inc.

A.R.M. OPCO Inc. is an equipment manufacturer in Canton, Ohio, with
the latest in CNC burning and forming capabilities, assembly bays,
finishing and painting systems all coupled with 3D computer-aided
design.  The company manufactures TerrainPro M3, vacuum leaf, snow
and ice control, dump trucks, oil and gas equipment, septic and
pressure vessels, grappler trucks, and parts and service.  Visit
https://www.toughequipment.com for more information.

A.R.M. OPCO sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ohio Case No. 20-61308) on Aug. 20, 2020.  A.R.M.
OPCO President William T. Blackerby Jr. signed the petition.  At
the time of the filing, Debtor had estimated assets of $4,270,274
and liabilities of $10,680,090.

Judge Russ Kendig oversees the case.

Anthony J. DeGirolamo, Attorney at Law and Tzangas Plakas & Mannos
Ltd., serve as Debtor's bankruptcy counsel and special counsel,
respectively.


ACASTI PHARMA: Incurs $4.7 Million Net Loss in First Quarter
------------------------------------------------------------
Acasti Pharma Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
and total comprehensive loss of $4.67 million for the three months
ended June 30, 2020, compared to a net loss and total comprehensive
loss of $8.85 million for the three months ended June 30, 2019.

As of June 30, 2020, Acasti had $20.14 million in total assets,
$9.11 million in total liabilities, and $11.04 million in total
shareholders' equity.

                    Going Concern Uncertainty

The Corporation has incurred operating losses and negative cash
flows from operations since its inception.  The Corporation's
current assets of $14.0 million as at June 30, 2020 include cash
and cash equivalents totaling $12.1 million.  The Corporation's
current liabilities total $6.0 million at June 30, 2020 and are
comprised primarily of amounts due to or accrued for creditors.
Assuming positive Phase 3 results, management projects that
additional funds will be needed in the future for the Company to
file an NDA to obtain FDA approval for CaPre in the United States,
to further scale up its manufacturing capabilities, and to complete
market development and other pre-commercialization activities.  The
Corporation's plans include raising additional capital through
additional securities offerings, as well as non-dilutive sources of
capital such as grants or loans and license and milestone payments
from strategic alliances, however there can be no assurance as to
when or whether Acasti will complete any financings or strategic
alliances.  In particular, raising additional equity capital is
subject to market conditions not within the Corporation's control.
If the Corporation does not raise additional funds or find one or
more strategic partners, it may not be able to realize its assets
and discharge its liabilities in the normal course of business.
The Corporation currently has no arranged sources of financing
other than its "At-The-Market" sales agreement, which provides for
only conditional selling of the Corporation's shares.  As a result,
the Corporation said there is a substantial doubt about its ability
to continue as a going concern.

A full-text copy of the Form 10-Q is available for free at:

https://www.sec.gov/Archives/edgar/data/1444192/000117184320005901/f10q_081320p.htm

                     About Acasti Pharma

Acasti -- http://www.acastipharma.com/-- is a biopharmaceutical
innovator advancing a potentially best-in-class cardiovascular
drug, CaPre (omega-3 phospholipid), for the treatment of
hypertriglyceridemia, a chronic condition affecting an estimated
one third of the U.S. population.  Since its founding in 2008,
Acasti has focused on addressing a critical market need for an
effective, safe and well-absorbing omega-3 therapeutic that can
make a positive impact on the major blood lipids associated with
cardiovascular disease risk.  The Company is developing CaPre in a
Phase 3 clinical program in patients with severe
hypertriglyceridemia, a market that includes 3 to 4 million
patients in the U.S.  The addressable market may expand
significantly if omega-3s demonstrate long-term cardiovascular
benefits in on-going outcomes studies (REDUCE-IT and STRENGTH).

Acasti may need to conduct at least one additional clinical trial
to expand CaPre's indications to this segment.  Acasti's strategy
is to commercialize CaPre in the U.S. and the Company is pursuing
development and distribution partnerships to market CaPre in major
countries around the world.

Acasti reported a net loss and total comprehensive loss of $25.51
million for the year ended March 31, 2020, compared to a net loss
and total comprehensive loss of $39.37 million for the year ended
March 31, 2019.

KPMG LLP, in Montreal, Canada, the Company's auditor since 2009,
issued a "going concern" qualification in its report dated June 29,
2020, citing that the Corporation has incurred operating losses and
negative cash flows from operations since its inception, and
additional funds will be needed in the future that raise
substantial doubt about its ability to continue as a going concern.


ACASTI PHARMA: To Hold its Annual & Special Meeting on Sept. 30
---------------------------------------------------------------
Acasti Pharma Inc. has filed and mailed the information circular
and management proxy statement for its upcoming annual and special
meeting of shareholders to be held on Sept. 30, 2020.  The Meeting
will take place at 1:00 p.m. Eastern Time, online only, via a
virtual meeting portal, through which shareholders of the Company
can listen to the Meeting, submit questions and vote online.  For
more information regarding the Meeting and how to attend and vote
at the Meeting, shareholders can consult the Circular, which is
available under the Company's profiles on SEDAR at www.sedar.com
and on EDGAR at www.sec.gov.

In addition, the board of directors of the Company has resolved to
change the record date for the Meeting as indicated in the Circular
for the purpose of determining the Company's shareholders which are
entitled to receive notice of and to vote at the Meeting from Aug.
26, 2020 to Sept. 8, 2020.  Shareholders registered as of Sept. 8,
2020 are entitled to attend and vote at the Meeting.  Shareholders
who wish to be represented by proxy at the Meeting must, to entitle
the person appointed by the proxy to attend and vote, deliver their
proxies at the place, in the manner and within the time set forth
in the Circular. Shareholders are encouraged to submit their duly
completed proxies as soon as possible ahead of the Meeting, as
further described in the Circular.

Stock Option Plan and Equity Plan Amendments

Subject to the approvals of the TSX Venture Exchange and of the
shareholders of the Company at the Meeting, the Board resolved to
amend the Company's stock option plan and equity incentive plan for
purposes of maintaining a fixed stock option and equity incentive
pool that may be granted under both plans, collectively
representing 15% of the shares currently outstanding for the two
plans combined.  Such renewal approval is consistent with the
Company's historical use of plans with a fixed limit set at 15%
(and previously 20%) of the then-applicable outstanding shares, as
compared to a "rolling" plan, which allows for an automatic
increase of the available pool upon an increase in the number of
outstanding shares.

In accordance with the above, with respect to the Stock Option
Plan, the Board resolved to increase the maximum allowable fixed
number of common shares of the Company that may be issued upon the
exercise of all options granted under the Stock Option Plan to
14,533,811 Common Shares, corresponding to the 15% fixed pool,
based on the number of Common Shares issued and outstanding as of
Aug. 26, 2020.

In addition to the 15% Fixed Pool applicable to both Company plans,
the Equity Incentive Plan is subject to a plan-specific sublimit
further limiting the number of Common Shares available under such
plan to a maximum 2.5% of the number of Common Shares currently
outstanding.  Accordingly, the Board of Directors resolved to set
the total number of Common Shares reserved for issuance pursuant to
awards granted under the Equity Incentive Plan to an aggregate
number that for so long as the Common Shares are listed on the
TSXV, shall not exceed the lower of (x) 2,422,313 Common Shares
(representing 2.5% of the number of Common Shares issued and
outstanding as of Aug. 26, 2020), and (y) the number of Common
Shares remaining available for issuance under the 15% Fixed Pool,
currently representing 14,533,881 Common Shares.

Additional Company Changes

Jean-Francois Boily, vice-president, finance of the Company, has
tendered his resignation to the Company to pursue other business
opportunities.  Mr. Boily will assist the Company with a smooth and
orderly transition of his functions and the Company expects that
its existing internal finance team currently in place will be able
to assume Mr. Boily's functions going forward.  The Company wishes
to thank Mr. Boily for his years of service to the Company and
wishes him well in his future endeavours.

                          About Acasti Pharma

Acasti -- http://www.acastipharma.com/-- is a biopharmaceutical
innovator advancing a potentially best-in-class cardiovascular
drug, CaPre (omega-3 phospholipid), for the treatment of
hypertriglyceridemia, a chronic condition affecting an estimated
one third of the U.S. population.  Since its founding in 2008,
Acasti has focused on addressing a critical market need for an
effective, safe and well-absorbing omega-3 therapeutic that can
make a positive impact on the major blood lipids associated with
cardiovascular disease risk.  The Company is developing CaPre in a
Phase 3 clinical program in patients with severe
hypertriglyceridemia, a market that includes 3 to 4 million
patients in the U.S.  The addressable market may expand
significantly if omega-3s demonstrate long-term cardiovascular
benefits in on-going outcomes studies (REDUCE-IT and STRENGTH).
Acasti may need to conduct at least one additional clinical trial
to expand CaPre's indications to this segment.  Acasti's strategy
is to commercialize CaPre in the U.S. and the Company is pursuing
development and distribution partnerships to market CaPre in major
countries around the world.

Acasti reported a net loss and total comprehensive loss of $25.51
million for the year ended March 31, 2020, compared to a net loss
and total comprehensive loss of $39.37 million for the year ended
March 31, 2019.  As of June 30, 2020, Acasti had $20.14 million in
total assets, $9.11 million in total liabilities, and $11.04
million in total shareholders' equity.

KPMG LLP, in Montreal, Canada, the Company's auditor since 2009,
issued a "going concern" qualification in its report dated  June
29, 2020, citing that the Corporation has incurred operating losses
and negative cash flows from operations since its inception, and
additional funds will be needed in the future that raise
substantial doubt about its ability to continue as a going concern.


AHI INVESTMENTS: Unsecureds Will Get Nothing in Plan
----------------------------------------------------
AHI Investments, LLC d/b/a Angel Learning Center, filed a Plan and
a Disclosure Statement.

The Debtor's assets as of the Filing Date consisted of the real
property with a value of approximately $3,450,000, a school bus
with a value of $4,500, and a furniture, fixtures, equipment, and
supplies with an approximate value of $175,000.

Class 2 Secured Claim of Pineland Bank is impaired. Interest shall
be reduced and fixed at 4.25% per annum and the Note will be
amortized over 25 years with payments continuing until March 1,
2026. AHI will make no payments until October 2020. AHI will then
make payments of interest only of $10,861.22 until March 2021.
Beginning April 2021, AHI will make principal and interest payments
of $16,613.47. Beginning April 1, 2026, the interest rate will
convert to 1% over the prime rate as stated in the Wall Street
Journal and will adjust quarterly. AHI will continue payments until
September 1, 2041.

Class 3 Secured Arrearage of Pineland Bank is impaired. This claim
will be paid without interest over 60 months at $1,950.41 beginning
30 days after the Effective Date on the first day of the month.

Class 4 Secured Claim of The Pinyan Company is impaired. Interest
shall be reduced to 4.25% amortized over 5 years. AHI has not made
payments beginning April 2020. AHI will continue to withhold
payments until October 2020 at which time AHI will make interest
payments of $795.94 per month until March 2021. In April 2021, AHI
will resume monthly payments of $4,164.26. Any missed post-petition
payments will be added to the back of the loan. The loan will be
paid in full by February 1, 2026.

Class 8 Secured Claim of the City of Savannah is impaired.  This
claim will be paid $560.59, without interest, per month for 60
months, with no interest, beginning 30 days after the Effective
Date.

Class 9 Unsecured Claims are impaired. Unsecured Claims will
receive no distributions.

The Debtor's Plan provides funding for the Plan from ongoing
business operations and contributions by the equity holders.

A full-text copy of the Disclosure Statement dated August 3, 2020,
is available at https://tinyurl.com/y2vbug3j from PacerMonitor.com
at no charge.

Attorneys for the Debtor:

     Gai Lynn McCarthy
     Kumar, Prabhu, Patel & Banerjee, LLC
     990 Hammond Drive, Suite 800
     Atlanta, GA 30328
     Tel: (678) 678-2215
     Fax: (678) 443-2230
     E-mail: gmccarthy@kppblaw.com

                      About AHI Investments

AHI Investments, LLC, is a privately held company that offers child
day care services. It is the fee simple owner of a property located
at 153 Carolina Cherry Court Pooler, Ga., valued by the company at
$3.45 million.

AHI Investments sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Ga. Case No. 19-41075) on Aug. 5,
2019.  At the time of filing, the Debtor had $3,800,817 in assets
and $3,537,190 in debts.  The petition was signed by Laukik Patel,
manager. Judge Edward J. Coleman III oversees the case.  The Debtor
is represented by Gai Lynn McCarthy, Esq., at Kumar Prabhu Patel &
Banerjee, LLC.


AMBERSON NATURAL: 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 Amberson Natural Resources LLC.
  
                 About Amberson Natural Resources

Amberson Natural Resources, LLC, a company based in San Antonio,
Texas, filed a Chapter 11 petition (Bankr. W.D. Tex. Case No.
20-51302) on July 20, 2020.  In the petition signed by Jon
Christian Amberson, manager, Debtor was estimated to have $1
million to $10 million in both assets and liabilities.  Judge Craig
A. Gargotta oversees the case.  Wick Phillips Gould & Martin LLP
serves as the Debtor's bankruptcy counsel.


AMERICARE-TENNESSEE: 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 Americare-Tennessee Property Group LLC.
  
             About Americare-Tennessee Property Group

Americare-Tennessee Property Group, LLC, operates an assisted
living facility in Memphis, Tenn.  Americare-Tennessee Property
Group sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Tenn. Case No. 20-23683) on July 22, 2020.  Judge
Jennie D. Latta oversees the case.  At the time of the filing,
Debtor had estimated assets of less than $50,000 and liabilities of
between $1 million and $10 million.  The Law Office of Toni
Campbell Parker serves as Debtor's legal counsel.


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

The committee members are:

     1. Graphic Arts Industry Joint Pension Trust
        Attn: Steven Nobles, Trustee
        25 Louisiana Avenue
        NW Washington, D.C. 20001
        Phone: 202-508-6670
        snobles@gciu.org.

     2. Trend Offset Printing Services Inc.
        Attn: Tad Parker
        3701 Catalina Street
        Los Alamitos, CA 90720
        Phone: 562-598-2446
        tad.parker@trendoffset.com.

     3. Progressive Converting Inc.
        Attn: Bob Pfeil
        2430 E. Glendale Ave.
        Appleton, WI 54911
        Phone: 920-750-5130
        bob@pro-con.net.

     4. Burton & Mayer, Inc.
        Attn: Jennifer Burton-Ziemann
        N88W13901 Main StreetSuite 200
        Menomonee Falls, WI 53051-2330
        Phone: 262-781-0770
        jennyz@burtonmayer.com.

     5. RR Donnelley & Sons Company
        Attn: Robert Larsen
        4101 Winfield Road
        Warrenville, IL 60555
        Phone: 815-901-5484
        Robert.a.larsen@rrd.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 Arandell Holdings

Arandell Holdings Inc., a Menomonee Falls, Wisc.-based commercial
printing company, and its affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 20-11941) on Aug. 13, 2020.  Judge
John T. Dorsey oversees the case.  

In the petition signed by Bradley J. Hoffman, president and chief
executive officer, Debtor disclosed $10 million to $50 million in
assets and $100 million to $500 million in liabilities.

The Debtors have tapped Steinhilber Swanson LLP and Young Conaway
Stargatt & Taylor LLP as their bankruptcy counsel, Von Briesen &
Roper S.C. as special corporate counsel, Harney Partners as
financial advisor, and Promontory Point Capital as investment
banker.  BMC Group Inc. is the claims and noticing agent.


ASCENA RETAIL GROUP: Set to Close Three Stores in New Mexico
------------------------------------------------------------
Pilar Martinez, writing for ABQ Journal, reports that three New
Mexico stores are closing as a result of a bankruptcy filing by
parent company Ascena Retail Group.

New Mexico stores slated for closure are:

  * Ann Taylor LOFT Outlet, 8380 Cerrillos Road in Santa Fe.
  * Justice store, 6600 Menaul NE in Albuquerque.
  * Catherines, 2645 Louisiana NE in Albuquerque.

A news release from the company did not list the total number of
stores that will shutter as a result of the filing, but it did say
that it is working to "strategically reduce its footprint" by
closing all stores in Canada, Puerto Rico and Mexico and also
closing all Catherines stores.

                   About Ascena Retail Group

Ascena Retail Group, Inc. (Nasdaq: ASNA) --
http://www.ascenaretail.com/-- is a national specialty retailer
offering apparel, shoes, and accessories for women under the
Premium Fashion (Ann Taylor, LOFT, and Lou & Grey), Plus Fashion
(Lane Bryant, Catherines and Cacique), and Value Fashion
(Dressbarn) segments, and for tween girls under the Kids Fashion
segment (Justice).  Ascena, through its retail brands, operates
ecommerce websites and approximately 2,800 stores throughout the
United States, Canada, and Puerto Rico.

Ascena Retail reported a net loss of $661.4 million for the fiscal
year ended Aug. 3, 2019, a net loss of $39.7 million for the year
ended Aug. 4, 2018, and a net loss of $1.06 billion for the year
ended July 29, 2017.

On July 23, 2020, Ascena Retail Group and its affiliates sought
Chapter 11 protection (Bankr. E.D. Va. Case No. 20-33113).  As of
Feb. 1, 2020, Ascena Retail had $13,690,710,379 in assets and
$12,516,261,149 in total liabilities.

The Hon. Kevin R. Huennekens is the case judge.

The Debtors tapped Kirkland & Ellis LLP and Cooley LLP as
bankruptcy counsel, Guggenheim Securities, LLC as financial
advisor, and Alvarez and Marsal North America, LLC as restructuring
advisor.  Prime Clerk, LLC is the claims agent.


ASCENT RESOURCES: Fitch to Assign 'B(EXP)' LT IDR, Outlook Stable
-----------------------------------------------------------------
Fitch Ratings expects to assign a Long-Term Issuer Default Rating
(IDR) of 'B(EXP)'/Stable Outlook to Ascent Resources Utica
Holdings, LLC at the time of transaction close. In addition, Fitch
expects to rate Ascent's first lien senior secured revolver
'BB'/'RR1(EXP)', second lien secured loan 'BB-'/'RR2(EXP)', and the
senior unsecured notes 'B'/'RR4(EXP)'.

The ratings assume a revised debt structure that is expected to be
in place following the exchange offers. Once the transaction takes
place and the debt is issued, the expected ratings will be replaced
by final ratings. Fitch notes that the rating is more prospective
than historical, since more weight is applied to the expectation of
material FCF generation and its use to enhance liquidity and reduce
debt.

Ascent's ratings reflect the successful execution of the proposed
debt exchange, which pushes the next material debt maturity to
2024. The ratings also reflect the expectation of positive FCF over
the rating horizon, with proceeds being applied to reduce debt,
moderate leverage, average production scale and robust hedge book
that mitigates downside price risk.

These factors are offset by the relatively low liquidity levels,
given that the company has exhibited growth- and margin-linked
negative FCF and utilized a large portion of its revolver to fund
shortfalls. Ascent currently has very limited ability to access
debt capital markets, making it difficult to address its 2022 notes
and enhance liquidity. In addition, firm transportation costs are
relatively high. Although Fitch believes the company can fulfil
these volumetric commitments, the result is netbacks that
approximate the peer median. In addition, the company is exposed to
the fluctuations in natural gas prices and differentials that are
inherent in the industry, and could lead to a period of low prices
and wide differentials for an extended period of time.

The Stable Outlook reflects the new capital structure that provides
an extended runway for debt maturities and the stabilization of the
company's production base, which materially reduces capital
spending commitments. A positive rating action could occur if the
company executes on its plan to generate material FCF that is used
to enhance liquidity and reduce gross debt. A negative rating
action could occur if Ascent is unable to maintain a positive FCF
profile, or revises its financial policy from debt reduction to a
policy more favorable to its shareholders.

KEY RATING DRIVERS

Debt Exchange Addresses Maturity: Ascent is proposing an exchange
of its 2022 senior unsecured notes ($925 million outstanding) for
$538 million of a new second lien term loan due 2025 and $387
million of unsecured notes due 2027, which will also contain
contingent value rights. The exchange will be on a pro rata basis.
The company requires 85% participation of the 2022 noteholders, as
management has been in negotiation with a bondholder group that
represents 58.7% of the issuance. Fitch views the transaction
positively, as it extends any material maturity until 2024 while
not increasing cash interest expense. In addition, the equity
sponsors are contributing $20 million of equity into the purchase
of the term loan and 2027 notes, and will be committed to make a
cash tender offer for $60 million for the new 2027 notes following
the exchange.

Pivoting to FCF Generation: Ascent historically generated FCF
deficits as it spent heavily on capex to reach a production profile
of greater than 2 billion cubic foot equivalent per day (bcfe/d) to
attain sufficient scale in order to reduce fixed costs primarily
from midstream obligations. Future production growth is expected to
be moderated now that the company has reached that level. In
addition, Ascent's capex requirements are expected to decline from
greater drilling efficiencies (drilling and completion costs per
lateral foot have declined from $908 in 1H 2019 to $625 in 2Q20),
efficiency gains and technological improvements on its frac
operations, reduction in drill-outs and facility construction cycle
times, and an approximately 15% reduction in vendor costs. As a
result, Fitch expects Ascent, which has just turned FCF positive in
2020, could generate approximately $150 million of positive annual
FCF over the forecast horizon.

Relatively Tight Liquidity: Ascent currently utilizes 73% of its
$1.85 billion revolver, including borrowing's and letters of
credit. Fitch projects that the company will be able to reduce
utilization on the revolver under Fitch's base price assumptions
and current strip price assumptions. However, under a stress case
scenario, Ascent may need to further increase utilization. The only
maturity before the revolver comes due in 2024 is $66 million due
in March 2021 for the convertible notes. Fitch does not believe
this is a material obligation and it should be met through a
combination of FCF and revolver borrowings.

Strong Operational Performance: Ascent operates in the Utica Basin
and holds approximately 350,000 net acres. The company estimates
that it has greater than 15 years of inventory that is capable of
maintaining their production goal of greater than 2.0 bcfe/d.
Production has grown rapidly from 755 mmcfe/d in 2017 to 2,087
mmcfe/d in in 2Q20 from a combination of development spending and
acquisitions. Fitch believes that well performance compares
favorably to other Utica operators. The company is currently
operating with three rigs and one frac crew, which allows for
operational efficiencies to reduce drilling costs. Ascent also owns
royalty interests in approximately 78,000 fee mineral interests,
which provides upside through enhanced margins and could be
monetized in the future.

Netbacks in line: Ascent's netbacks (after production, G&A, and
interest) are in line with the median of its peer group. Firm and
transportation costs are relatively high compared to peers,
although Fitch believes the company can meet these volumetric
commitments at current production levels. The various contracts
expire over time until 2032; therefore, Fitch does not expect
material savings in the near term. However, lease operating
expenses are moving lower and the repayment of debt should reduce
interest expense over time, which should lead to higher netbacks.

Strong Hedging Program: Ascent has entered into multi-year hedge
positions, which include 78% of Fitch's expected natural gas
production hedged through 2021 and 55% in 2022. Fitch believes that
the company's hedging strategy is one of the strongest among its
natural gas peers. More importantly, the hedges reduce risk from
lower natural gas prices, which allows for greater certainty in FCF
projections. Fitch considers the hedging strategy a critical
component of the company's desire to use FCF to reduce leverage
over the forecasted horizon.

DERIVATION SUMMARY

Ascent's debt/EBITDA ratio of 2.5x is at the lower end of its peer
range and similar to Encino Acquisition Corp (EAPH: B+/Negative)
and CNX Resources (CNX: BB/Positive) at 2.5x and 2.6x, respectively
as of June 30, 2020. EQT Corporation (EQT: BB/Positive) is slightly
higher at 2.7x.

Ascent is a mid-size natural gas producer with production of 2,087
mcfe/d, which is slightly lower than Southwestern Energy (SWN:
BB/Negative) at 2,211 mcfe/d and Range Resources (RRC: Not Rated)
at 2,287 mcfe/d. The company is larger than CNX and Comstock
Resources (CRK: B/Positive) at 1,258 mcfe/d and 1,304 mcfe/d,
respectively.

Unhedged netbacks were challenged during the second quarter of 2020
as most natural gas companies generated negative netbacks. Ascent
reported a negative unhedged netback of $(0.09) per mcfe which was
in the mid-range compared to peers. The company trails CRK, which
has a significant cost advantage resulting in a netback of $0.43,
CNX at $0.29, and EQT at $(0.08). The company's netback is better
than SWN at $(0.33) and Antero Resources (AR: B/Negative) ($0.65).
However, because of Ascent's strong hedge program, its hedged
netback of $0.80 moves to the higher end of its peer range,
trailing CNX at $1.53, which also has a strong hedge book, and CRK
at $0.88.

KEY ASSUMPTIONS

  -- Henry Hub natural gas price of $2.10/mcf in 2020, and
$2.45/mcf over the long-term.

  -- WTI oil price of $38/bbl in 2020, $42 in 2021, $47 in 2022,
and $50 in 2023.

  -- Production growing 5% in 2020 and low single digits over the
long term.

  -- Capex of $608 million in 2020 and $500 million to $550 million
over the forecast horizon.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

  -- Generation of material FCF with proceeds applied to debt
reduction and liquidity enhancement;

  -- Mid-cycle debt/EBITDA of below 2.5x and Adjusted FFO Leverage
of below 3.0x;

  -- Ability to access unsecured capital markets;

  -- Demonstrated commitment to the stated financial policy,
including the hedging program.

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

  -- Mid-cycle debt/EBITDA above 3.5x and Adjusted FFO Leverage
above 4.0x;

  -- Inability to generate FCF over the cycle or a material
allocation of FCF proceeds away from debt reduction;

  -- Weakening of unit cost profile or capital returns.

LIQUIDITY AND DEBT STRUCTURE

Ascent had cash on hand of $9 million as of June 30, 2020 and $505
million of availability under its revolver for total liquidity of
$514 million. The revolver matures on April 1, 2024, although the
maturity will accelerate to Dec. 30, 2021 if there is more than
$200 million outstanding of the 2022 senior notes. The facility has
two financial maintenance covenants: a debt/EBITDA covenant in
which the ratio cannot be more than 4x and a current ratio covenant
in which the ratio cannot be less than 1.00 to 1.00. The company is
in compliance with both covenants.

The next debt maturity is the 10% senior notes due April 1, 2022.
Assuming the proposed debt exchange is executed, the next maturity
will not be until April 2024 when the revolver comes due. The
company will also have successive maturities from 2025 to 2027 with
the second lien notes and remaining senior notes.

Given the company's reduced capital spending plans and the
company's robust hedging program, Fitch expects Ascent to generate
substantial FCF over the rating horizon. Management has stated that
its plan is to apply FCF to debt reduction. Fitch believes that the
reduction in revolver borrowings over this period would greatly
enhance liquidity and allow the company to address the note
maturities that come due beginning in 2025.

KEY RECOVERY RATING ASSUMPTIONS

The recovery analysis assumes that Ascent Resources Utica Holdings
LLC would be reorganized as a going-concern in bankruptcy rather
than liquidated.

Fitch has assumed a 10% administrative claim.

Going-Concern (GC) Approach

Ascent's GC EBITDA assumption reflects Fitch's projections under a
stressed case price deck, which assumes Henry Hub natural gas
prices of $1.90 in 2020, $1.65 in 2021, $2.00 in 2021, and $2.25 in
2022.

The GC EBITDA estimate reflects Fitch's view of a sustainable,
post-reorganization EBITDA level upon which Fitch bases the
enterprise valuation (EV). The GC EBITDA assumption uses 2023
EBITDA, which reflects the decline from current pricing levels to
stressed levels and then a partial recovery coming out of a
troughed pricing environment.

An EV multiple of 4x EBITDA is applied to the GC EBITDA to
calculate a post-reorganization enterprise value. The choice of
this multiple considered the following factors:

The historical bankruptcy case study exits multiples for peer
companies ranged from 2.8x-7.0x, with an average of 5.2x and a
median of 5.4x;

There has only been a handful of M&A transactions in the
Appalachian Basin during the past 12 months, and these transactions
were small in scale. In August 2020, Southwestern Energy acquired
Montage Resources for $927 million, which implied a 3.4x multiple
on LTM EBITDA. Production per flowing barrel was $9,573, well below
the historical average of approximately $12,000 proved reserves per
barrel was $2 in the Appalachian Basin. Although the Utica basin
wells generally perform strongly, recent recoveries of exploration
and production (E&P) companies have been weak given the lack of
demand for oil and natural gas assets and the inability to raise
capital;

Fitch uses a multiple of 4x, to estimate a value for Ascent given
the recent recoveries in the sector offset by the more attractive
assets relative to Montage.

Liquidation Approach

The liquidation estimate reflects Fitch's view of the value of
balance sheet assets that can be realized in sale or liquidation
processes conducted during a bankruptcy or insolvency proceeding
and distributed to creditors.

Fitch considers valuations such as SEC PV-10 and M&A transactions
for each basin including multiples for production per flowing
barrel, proved reserves valuation, value per acre, and value per
drilling location.

The revolver is assumed to be 90% drawn upon default with the
expectation that commitments would be reduced during a
redetermination. The revolver is senior to the senior secured
second lien term loans and the senior unsecured bonds in the
waterfall.

The allocation of value in the liability waterfall results in
recovery corresponding to 'RR1' recovery for the first lien
revolver, a 'RR2' recovery for the second lien term loan to reflect
explicit subordination to the revolver, and a recovery
corresponding to 'RR4' for the senior unsecured guaranteed notes.

SUMMARY OF FINANCIAL ADJUSTMENTS

No material financial adjustments.


AVINGER INC: Board Approves Annual Target Bonus Percentages
-----------------------------------------------------------
The compensation committee of the board of directors of Avinger,
Inc. approved the following annual target bonus percentages,
subject to achievement of mutually agreed performance goals and
payable semi-annually, effective July 1, 2020: Jeffrey Soinski,
president and chief executive officer, 75%; Mark Weinswig, chief
financial officer, 60%; and Himanshu Patel, chief technology
officer, 60%.

                         About Avinger

Headquartered in Redwood City, California, Avinger --
http://www.avinger.com-- is a commercial-stage medical device
company that designs and develops image-guided, catheter-based
system for the diagnosis and treatment of patients with Peripheral
Artery Disease (PAD).

Avinger reported a net loss applicable to common stockholders of
$23.03 million for the year ended Dec. 31, 2019, compared to a net
loss applicable to common stockholders of $35.69 million for the
year ended Dec. 31, 2018.  As of June 30, 2020, the Company had
$28.88 million in total assets, $21.33 million in total
liabilities, and $7.55 million in total stockholders' equity.

Moss Adams LLP, in San Francisco, California, the Company's auditor
since 2017, issued a "going concern" qualification in its report
dated March 5, 2020, citing that the Company's recurring losses
from operations and its need for additional capital raise
substantial doubt about its ability to continue as a going concern.


AVINGER INC: Gets FDA Clearance for Ocelaris CTO Crossing System
----------------------------------------------------------------
Avinger, Inc. received 510(k) clearance from the U.S. Food & Drug
Administration (FDA) for its Ocelaris next generation image-guided
chronic total occlusion (CTO) crossing system.  The new device will
be marketed under the brand name TIGEREYE to reinforce its highly
differentiated benefit of providing real-time imaging from inside
the vessel during a CTO-crossing procedure.

TIGEREYE is a product line extension of Avinger's Ocelot family of
image-guided CTO crossing catheters.  Its design elements include
an upgrade of the image capture rate to provide high definition,
real-time intravascular imaging similar to the Company's Pantheris
image-guided atherectomy system and a user-controlled deflectable
tip designed to assist in steerability within the lumen.  TIGEREYE
also features a new distal tip configuration with faster rotational
speeds up to 1000 RPM designed to penetrate challenging lesions.
The TIGEREYE catheter has a working length of 140 cm and 5 French
sheath compatibility for treatment of lesions in the peripheral
vessels both above and below the knee.

"We are excited to receive U.S. pre-marketing clearance for
TIGEREYE, which we believe will be a significant growth driver for
our CTO-crossing business," said Jeff Soinski, Avinger's president
and CEO.  "Our Ocelot catheters have helped physicians cross
thousands of CTOs since introduction of the product line in 2013.
TIGEREYE brings compelling new features and benefits to expand upon
this platform to help physicians safely cross challenging CTOs.  We
anticipate initiating a limited launch of TIGEREYE in the U.S. in
the fourth quarter of this year, then leveraging our growing
commercial infrastructure and installed base of Lumivascular
accounts for national launch in early 2021."

Dr. Jaafer Golzar, Avinger's chief medical officer, commented, "I
believe that TIGEREYE represents a major advancement for patients
with chronic total occlusions, which presents one of the most
significant technical challenges to physicians treating peripheral
artery disease.  By combining real-time intravascular imaging and
the ability to precisely control the device within the vessel,
TIGEREYE provides an important new tool to help interventionalists
stay within the true lumen while successfully crossing these
challenging lesions.  Intraluminal crossing provides for a wider
variety of treatment options following crossing of the CTO and
results in less potential for vascular injury, which has been shown
to improve long-term clinical outcomes for patients."

Soinski continued, "The FDA clearance of TIGEREYE provides another
market growth opportunity for Avinger, further building on the
market gains we have made with our Pantheris Next Generation and
Pantheris SV catheters.  TIGEREYE will be the third new product
released by Avinger in less than 3 years, putting us on the leading
edge of innovation for PAD therapy.  We have grown our commercial
sales team and advanced our clinical studies to drive case activity
and build data in support of our image-guided approach.  The
Company has a robust pipeline of new products and a strong balance
sheet with more than $25 million in cash to fuel our product launch
and growth plans."

Avinger's proprietary Lumivascular technology allows physicians,
for the first time ever, to see from inside the artery during an
atherectomy or CTO crossing procedure by using an imaging modality
called optical coherence tomography, or OCT, that is displayed on
Avinger's Lightbox console.  Physicians performing atherectomy or
crossing CTOs with other devices must rely solely on X-ray as well
as tactile feedback to guide their interventions while treating
complicated arterial disease.  With the Lumivascular approach,
physicians can more accurately navigate their devices and treat PAD
lesions, thanks to the real-time OCT images generated from inside
the artery, without exposing healthcare workers and patients to the
negative effects of ionizing radiation.

                       About Avinger

Headquartered in Redwood City, California, Avinger --
http://www.avinger.com-- is a commercial-stage medical device
company that designs and develops image-guided, catheter-based
system for the diagnosis and treatment of patients with Peripheral
Artery Disease (PAD).

Avinger reported a net loss applicable to common stockholders of
$23.03 million for the year ended Dec. 31, 2019, compared to a net
loss applicable to common stockholders of $35.69 million for the
year ended Dec. 31, 2018.  As of June 30, 2020, the Company had
$28.88 million in total assets, $21.33 million in total
liabilities, and $7.55 million in total stockholders' equity.

Moss Adams LLP, in San Francisco, California, the Company's auditor
since 2017, issued a "going concern" qualification in its report
dated March 5, 2020, citing that the Company's recurring losses
from operations and its need for additional capital raise
substantial doubt about its ability to continue as a going concern.


BANTEC INC: Enters Into $104K Promissory Note with Geneva Roth
--------------------------------------------------------------
Bantec, Inc. entered into a convertible promissory note with Geneva
Roth Remark Holdings, Inc. on Aug. 28, 2020, in the principal
amount of $104,000.  The Aug. 28, 2020 Note carries interest at the
rate of 10%, matures on Aug. 28, 2021, and is convertible into
shares of the Company's common stock, par value $0.0001, at the
Lender's election, after 180 days, at a 42% discount, provided that
the Lender may not own greater than 4.99% of the Company's common
stock at any time.

The Company received funding under the Aug. 28, 2020 Note on Sept.
1, 2020.

                          About Bantec

Bantec, Inc., a product and service company, through its
subsidiaries and divisions, sells drones and related products
manufactured by third parties to various parties, including
facility managers, engineers, maintenance managers, purchasing
managers and contract officers who work for hospitals,
universities, manufacturers, commercial businesses, local and state
governments and the US Government.  The Company also offers
technical services related to drone utilization.

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

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


BAUMANN & SONS: Durham Buying Transportation Assets for $60K
------------------------------------------------------------
Baumann & Sons Buses, Inc., ACME Bus Corp., ABA Transportation
Holding Co., Inc., Brookset Bus Corp., and Baumann Bus Co., Inc.,
filed with the U.S. Bankruptcy Court for the Eastern District of
New York a notice of their proposed expedited assignment and sale
of lease and certain personal property assets used in the operation
of their transportation business to Durham School Services, L.P.
for approximately $60,000.

On Aug. 3, 2020, the Debtors filed their Sale Motion asking relief
related to the Sale Process for the Public Sales of all or
substantially all their Transportation Assets, including approving
procedures for the expedited approval of certain sales outside of
the Public Sales, but still subjected to higher or better offers,
and authorizing and approving the form and manner of notice of any
Expedited Sale.  On Aug. 6, 2020, the Court entered its Expedited
Sale Procedures Order establishing, among other things, the
Expedited Sale Procedures.

The Debtors intend to make an Expedited Sale as summarized:

     a. Assignee/Purchaser: Durham School Services, L.P., 2601
Navistar Drive, Building Five, Lisle, IL 60532

     b. Transportation Assets to be Assigned/Sold: (i) Lease for
non-residential real property located at 30 West Yaphank Avenue,
Coram, NY 11727; and (ii) Furniture, fixtures, equipment and fuel
("FF&E") located and presently stored at the Yorktown Property and
identified on Schedule 1 to the Lease Amendment and Assignment
Agreement
  
     c. Sale Price: $60,000 for the Coram Lease and FF&E, plus
market rate for the bus fuel

     d. Liens: None

     e. Sale Proceeds will be used to pay the Debtors' business
broker and advisor, Maltz Auctions Inc., its commission in the
amount of 8% of the sales price, or $4,800.  No costs of cure will
be paid from the proceeds.

A telephonic Expedited Sale Hearing with respect to the proposed
Expedited Sale has been set for Aug. 26, 2020 at 10:30 a.m. (EST).
The telephonic Hearing will be conducted using Court Solutions LLC.
All attorneys and parties wishing to appear at, or attend, the
telephonic hearing must make arrangements with Court Solutions at
https://www.court-solutions.com/ no later than 12:00 p.m. on the
business day prior to the Hearing.   The Objection Deadline is Aug.
25, 2020 at 12:00 p.m. (EST).

A copy of the Agreement is available at
https://tinyurl.com/yxlcrk9n from PacerMonitor.com free of charge.

                   About Baumann & Sons Buses

Baumann & Sons Buses, Inc. and ACME Bus Corp., along with their
non-debtor parent and two affiliates, operated a large school bus
transportation concern with contracts with a number of school
districts in Nassau, Suffolk and Westchester Counties.  The Baumann
Companies had collective annual gross revenues of over $62 million
for the 2018-2019 school year, but ceased operations by March 16,
2020 when New York State Governor Andrew Cuomo mandated the closure
of public schools as a result of the COVID-19 pandemic.

On May 27, 2020, A&A Auto Glass Plus, Mondial Automotive, Inc.,
Jenthony Enterprises, Inc., Nesco Bus Maintenance, Bevel Engine
Inc. and Bangs Towing filed an involuntary petition under chapter 7
of the Bankruptcy Code against Sons in the U.S. Bankruptcy Court
for the Eastern District of New York.  On July 1, 2020, the Court
converted the chapter 7 cases, including the case of Baumann & Sons
Buses, Inc. (Bankr. E.D.N.Y. Case No. 20-72121), to cases under
chapter 11 of the Bankruptcy Code.


BAUMANN & SONS: Guardian Buying Transportation Assets for $2.6M
---------------------------------------------------------------
Baumann & Sons Buses, Inc., ACME Bus Corp., ABA Transportation
Holding Co., Inc., Brookset Bus Corp., and Baumann Bus Co., Inc.,
filed with the U.S. Bankruptcy Court for the Eastern District of
New York a notice of their proposed expedited assignment and sale
of certain of their personal property assets used in the operation
of their transportation business to Guardian Bus Co., Inc. for
approximately $2,555,085 million.

On Aug. 3, 2020, the Debtors filed their Sale Motion asking relief
related to the Sale Process for the Public Sales of all or
substantially all their Transportation Assets, including approving
procedures for the expedited approval of certain sales outside of
the Public Sales, but still subjected to higher or better offers,
and authorizing and approving the form and manner of notice of any
Expedited Sale.  On Aug. 6, 2020, the Court entered its Expedited
Sale Procedures Order establishing, among other things, the
Expedited Sale Procedures.

The Debtors intend to make an Expedited Sale as summarized:

     a. Assignee/Purchaser: Guardian Bus Co., Inc., 3730 Oceanside
Road, Oceanside, NY 11572

     b. Transportation Assets to be Assigned/Sold: (i) 306
Buses/Vehicles Listed on Schedule A to the Asset Purchase Agreement
("Vehicles"); (ii) Rejection and termination of the Debtors' lease
for the premises at 107 Lawson Boulevard, Oceanside, NY 11572
("Oceanside Facility"); (iii) Furniture, fixtures and equipment at
the Oceanside Facility ("FF&E"); and (iv) Fuel in the tanks at the
Oceanside Facility
  
     c. Sale Price: $2,532,585 for the Vehicles; $22,500 for the
FF&E; and Market rate upon measurement for Fuel

     d. Liens:

          i. Mercedes-Benz Financial Services USA LLC ("MBSF") –
Lien on 43 Vehicles with approximate per vehicle payoffs totaling,
in the aggregate, approximately $1,253,477.  MBFS to be paid
per-vehicle payoff at closing.  Any remainder of equity in
collateral may be held in escrow pending resolution of MBFS claim.


          ii. BNB Bank, as successor in interest to the
Bridgehampton National Bank ("BNB") – Lien on seven buses with
approximate payoffs totaling, in the aggregate, approximately
$42,055.  It is anticipated that BNB will be full repaid from other
collateral and that these vehicles will be free and clear at the
time of closing.  If not, BNB will be entitled to payment from the
proceeds of the sale.  

          iii. Signature Financial LLC - Lien or title in 68 buses
as security against remaining claim.  Signature will be paid from
the proceeds of the transaction the lesser of (i) 92.5% of the sale
prices in its buses, totaling $778,665, or (ii) the remaining
outstanding amount of its claim against the Debtors.  The remaining
proceeds attributable to Signature's collateral, which will be a
minimum of 7.5% totaling $63,135, will go to the Debtors' estates.

     e. Sale Proceeds will be used to (i) satisfy certain secured
claims as set forth and (ii) pay the Debtors business broker and
advisor, Maltz Auctions Inc., its commission in the amount of 7% of
the purchase price totaling $178,856.

A telephonic Expedited Sale Hearing with respect to the proposed
Expedited Sale has been set for Aug. 26, 2020 at 10:30 a.m. (EST).
The telephonic Hearing will be conducted using Court Solutions LLC.
All attorneys and parties wishing to appear at, or attend, the
telephonic hearing must make arrangements with Court Solutions at
https://www.court-solutions.com/ no later than 12:00 p.m. on the
business day prior to the Hearing.   The Objection Deadline is Aug.
25, 2020 at 12:00 p.m. (EST).

A copy of the Agreement is available at
https://tinyurl.com/y4wjqvam from PacerMonitor.com free of charge.

                    About Baumann & Sons Buses

Baumann & Sons Buses, Inc. and ACME Bus Corp., along with their
non-debtor parent and two affiliates, operated a large school bus
transportation concern with contracts with a number of school
districts in Nassau, Suffolk and Westchester Counties.  The Baumann
Companies had collective annual gross revenues of over $62 million
for the 2018-2019 school year, but ceased operations by March 16,
2020 when New York State Governor Andrew Cuomo mandated the closure
of public schools as a result of the COVID-19 pandemic.

On May 27, 2020, A&A Auto Glass Plus, Mondial Automotive, Inc.,
Jenthony Enterprises, Inc., Nesco Bus Maintenance, Bevel Engine
Inc. and Bangs Towing filed an involuntary petition under chapter 7
of the Bankruptcy Code against Sons in the U.S. Bankruptcy Court
for the Eastern District of New York.  On July 1, 2020, the Court
converted the chapter 7 cases, including the case of Baumann & Sons
Buses, Inc. (Bankr. E.D. N.Y. Case No. 20-72121), to cases under
chapter 11 of the Bankruptcy Code.



BAUMANN & SONS: MAT Bus Buying Transportation Assets for $865K
--------------------------------------------------------------
Baumann & Sons Buses, Inc., ACME Bus Corp., ABA Transportation
Holding Co., Inc., Brookset Bus Corp., and Baumann Bus Co., Inc.,
filed with the U.S. Bankruptcy Court for the Eastern District of
New York a notice of their proposed expedited assignment and sale
of lease and certain personal property assets used in the operation
of their transportation business to MAT Bus Corp. for $865,000.

On Aug. 3, 2020, the Debtors filed their Sale Motion asking relief
related to the Sale Process for the Public Sales of all or
substantially all their Transportation Assets, including approving
procedures for the expedited approval of certain sales outside of
the Public Sales, but still subjected to higher or better offers,
and authorizing and approving the form and manner of notice of any
Expedited Sale.  On Aug. 6, 2020, the Court entered its Expedited
Sale Procedures Order establishing, among other things, the
Expedited Sale Procedures.

The Debtors intend to make an Expedited Sale as summarized:

     a. Assignee/Purchaser: MAT Bus Corp., 3167 Atlantic Avenue,
Brooklyn, NY 11208

     b. Transportation Assets to be Assigned/Sold: (i)
Home-to-school, summer and extra-curricular transportation
contracts entered into by and between the Yorktown Central School
District and Sons on April 10, 2002, and duly extended by the
District and Sons through the period ending June 30, 2024, the most
recent extensions being made on March 5, 2019 ("Yorktown
Contracts"); (ii) Lease for non-residential real property located
at 1711 Front Street, Yorktown, NY 10598; (iii) 107 school buses
located at the Yorktown Property and identified on Schedule 1 to
the Asset Purchase Agreement; and (iv) Furniture, fixtures,
equipment and fuel ("FF&E") located and presently stored at the
Yorktown Property and identified on Schedule 2 to the Asset
Purchase Agreement
  
     c. Sale Price: $100,000 for the Yorktown Contracts, $50,000
for the Yorktown Lease and FF&E, and $715,000 for the Yorktown
Buses

     d. Liens: Santander Bank, NA - Lien on five of the Yorktown
Buses with per vehicle payoffs totaling, in the aggregate,
approximately $350,000.  Santander to be paid per-vehicle payoff at
closing.

     e. Sale Proceeds will be used to (i) satisfy certain secured
claims as set forth and (ii) the Debtors' business broker and
advisor, Maltz Auctions Inc., its commission in the amount of 8% of
the sales price, or $69,200.

A telephonic Expedited Sale Hearing with respect to the proposed
Expedited Sale has been set for Aug. 26, 2020 at 10:30 a.m. (EST).
The telephonic Hearing will be conducted using Court Solutions LLC.
All attorneys and parties wishing to appear at, or attend, the
telephonic hearing must make arrangements with Court Solutions at
https://www.court-solutions.com/ no later than 12:00 p.m. on the
business day prior to the Hearing.   The Objection Deadline is Aug.
25, 2020 at 12:00 p.m. (EST).

A copy of the Agreement is available at
https://tinyurl.com/y2pcpjhc from PacerMonitor.com free of charge.

                    About Baumann & Sons Buses

Baumann & Sons Buses, Inc. and ACME Bus Corp., along with their
non-debtor parent and two affiliates, operated a large school bus
transportation concern with contracts with a number of school
districts in Nassau, Suffolk and Westchester Counties.  The Baumann
Companies had collective annual gross revenues of over $62 million
for the 2018-2019 school year, but ceased operations by March 16,
2020 when New York State Governor Andrew Cuomo mandated the closure
of public schools as a result of the COVID-19 pandemic.

On May 27, 2020, A&A Auto Glass Plus, Mondial Automotive, Inc.,
Jenthony Enterprises, Inc., Nesco Bus Maintenance, Bevel Engine
Inc. and Bangs Towing filed an involuntary petition under chapter 7
of the Bankruptcy Code against Sons in the U.S. Bankruptcy Court
for the Eastern District of New York.  On July 1, 2020, the Court
converted the chapter 7 cases, including the case of Baumann & Sons
Buses, Inc. (Bankr. E.D. N.Y. Case No. 20-72121), to cases under
chapter 11 of the Bankruptcy Code.


BAUMANN & SONS: Orange Buying Transportation Assets for $20K
------------------------------------------------------------
Baumann & Sons Buses, Inc., ACME Bus Corp., ABA Transportation
Holding Co., Inc., Brookset Bus Corp., and Baumann Bus Co., Inc.,
filed with the U.S. Bankruptcy Court for the Eastern District of
New York a notice of their proposed expedited assignment and sale
of certain personal property assets used in the operation of their
transportation business to Orange County Transit, LLC for $20,000.

On Aug. 3, 2020, the Debtors filed their Sale Motion asking relief
related to the Sale Process for the Public Sales of their
Transportation Assets, including approving procedures for the
expedited approval of certain sales outside of the Public Sales,
but still subjected to higher or better offers, and authorizing and
approving the form and manner of notice of any Expedited Sale.  On
Aug. 6, 2020, the Court entered its Expedited Sale Procedures Order
establishing, among other things, the Expedited Sale Procedures.

The Debtors intend to make an Expedited Sale as summarized:

     a. Assignee/Purchaser: Orange County Transit, LLC, 3601
Horseblock Road, Medford, NY 11763

     b. Transportation Assets to be Assigned/Sold: A certain
transportation contract entered into on July 13, 2017, between ACME
and The County of Westchester for the transportation of children
with special needs for the period of Sept. 1, 2017 through Aug. 31,
2022, as amended by the County by letter dated Oct. 1, 2019, which
partially terminated the Original Agreement, effective 11:59 p.m.
(ET) on Oct. 20, 2019, such that ACME would, thereafter, only
provide transportation services for pre-school children with
special needs for two programs, which are commonly known as Hudson
Valley UCP and Parkside/PARC, under the partially-terminated
Original Agreement ("E/T533").

     c. Sale Price: $20,000

     d. E/T553 is not encumbered or the subject of any lien or
pledge.

     e. Sale proceeds will be used to pay the Debtors business
broker and advisor, Maltz Auctions Inc., its commission in the
amount of 8% of the sales price, or $1,600.

A telephonic Expedited Sale Hearing with respect to the proposed
Expedited Sale has been set for Aug. 26, 2020 at 10:30 a.m. (EST).
The telephonic Hearing will be conducted using Court Solutions LLC.
All attorneys and parties wishing to appear at, or attend, the
telephonic hearing must make arrangements with Court Solutions at
https://www.court-solutions.com/ no later than 12:00 p.m. on the
business day prior to the Hearing.   The Objection Deadline is Aug.
25, 2020 at 12:00 p.m. (EST).

A copy of the Agreement is available at
https://tinyurl.com/y5lyk2he from PacerMonitor.com free of charge.

                   About Baumann & Sons Buses

Baumann & Sons Buses, Inc. and ACME Bus Corp., along with their
non-debtor parent and two affiliates, operated a large school bus
transportation concern with contracts with a number of school
districts in Nassau, Suffolk and Westchester Counties.  The Baumann
Companies had collective annual gross revenues of over $62 million
for the 2018-2019 school year, but ceased operations by March 16,
2020 when New York State Governor Andrew Cuomo mandated the closure
of public schools as a result of the COVID-19 pandemic.

On May 27, 2020, A&A Auto Glass Plus, Mondial Automotive, Inc.,
Jenthony Enterprises, Inc., Nesco Bus Maintenance, Bevel Engine
Inc. and Bangs Towing filed an involuntary petition under chapter 7
of the Bankruptcy Code against Sons in the U.S. Bankruptcy Court
for the Eastern District of New York.  On July 1, 2020, the Court
converted the chapter 7 cases, including the case of Baumann & Sons
Buses, Inc. (Bankr. E.D.N.Y. Case No. 20-72121), to cases under
chapter 11 of the Bankruptcy Code.


BEAR GRASS: Unsecureds Will Get 1% of Claims
--------------------------------------------
Bear Grass Holdings LLC, a Nevada limited liability company,
proposed a Plan of Reorganization.

Creditors will be treated as follows:

     * Class 1: Amy Springs Secured Claim is impaired.  Class 1
shall receive monthly principal and interest payments in the amount
of $772, which is an amount based upon the value of the Property
being $172,000, amortized over a term of 30 years, at a fixed rate
of 3.5% per annum, such payments to commence as soon as reasonably
practicable after the later of (i) the Effective Date of the Plan,
(ii) the date such Class 1 Claim becomes Allowed, or (iii) such
other date as may be ordered by the Bankruptcy Court.

     * Class 2: Castle Cove Secured Claim is impaired.  Class 2
will receive monthly principal and interest payments in the amount
of $583, which is an amount based upon the value of the Property
being $130,000, amortized over a term of 30 years, at a fixed rate
of 3.5% per annum, such payments to commence as soon as reasonably
practicable after the later of (i) the Effective Date of the Plan,
(ii) the date such Class 2 Claim becomes Allowed, or (iii) such
other date as may be ordered by the Bankruptcy Court.

     * Class 3 Holly Secured Claim is impaired.  Class 3 shall
receive monthly principal and interest payments in the amount of
$836.01, which is based on the stipulated amount of the Holly
Secured Claim of $158,500, calculated on a 360-month amortization
schedule, at a fixed rate of 5.125%.

     * Class 6: General Unsecured Claims are impaired.  Class 6
will receive payment of 1% of each Allowed Claim in cash as soon as
reasonably practicable after the later of (i) the Effective Date of
the Plan, (ii) the date such Class 6 Claim becomes Allowed, or
(iii) such other date as may be ordered by the Bankruptcy Court.

On the Effective Date, without any further action by Debtor or
Reorganized Debtor, all of Debtor's assets will vest in Reorganized
Debtor, subject to the terms and conditions of this Plan.

A full-text copy of the Plan of Reorganization dated August 3,
2020, is available at https://tinyurl.com/yxt6gz47 from
PacerMonitor.com at no charge.

Counsel for Debtor:

     ANDERSEN LAW FIRM, LTD.
     Ryan A. Andersen, Esq.
     Ani Biesiada, Esq.
     3199 E Warm Springs Rd, Suite 400
     Las Vegas, Nevada 89120
     Tel: 702-522-1992
     Fax: 702-825-2824
     E-mail: ryan@vegaslawfirm.legal
     E-mail: ani@vegaslawfirm.legal

                   About Bear Grass Holdings

Bear Grass Holdings LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Nev. Case No. 19-12827) on May 6, 2019, estimating under
$1 million in both assets and liabilities. The Debtor is
represented by the Andersen Law Firm.


BENNINGTON CORP: A Plus Buying DC Properties for $2.6 Million
-------------------------------------------------------------
The Bennington Corp. asks the U.S. Bankruptcy Court for the
District of Columbia to authorize the sale of the real properties
located at (i) 4559 Benning Road, SE, Washington, DC, (ii) 4569
Benning Road, SE, Washington, DC, and (iii) 4480 C Street, SE,
Washington, DC, to A Plus Management, LLC and/or assignee for $2.6
million, under the terms and conditions of the GCAAR Sales Contract
dated June 29, 2020.

The Debtor's only assets consist of the Property, a three 12-unit
apartment buildings.  

The Property is subject to an Abatement Plan ordered by the
Superior Court of the District of Columbia in a case filed by the
District of Columbia and styled as District of Columbia v. The
Bennington Corporation, Case No. 2018 CA 007253 B ("Receivership
Action").  The District filed the Receivership Action to address
certain hazardous housing conditions which, according to the
District, the Debtor failed to abate.  The District obtained
appointment of a receiver for the Property and is currently seeking
to have the Debtor dissolved as a corporation.  A hearing on the
District's Motion to dissolve the Debtor is currently scheduled in
the Superior Court for Sept. 23, 2020.  

In an effort to fully address the issues with respect to the
current condition of the Property, the Debtor has contracted for
the sale of the Property to the Purchaser, a buyer with sufficient
financing and expertise to adequately address the District's
concerns with respect to the current condition of the Property for
the price of $2.6 million.  The price is more than sufficient to
satisfy all financial obligations with respect to the Property.
Accordingly, the Debtor has determined that it is in the best
interests of the Property's residents as well as its creditors to
sell the Property to the Purchaser.

In connection with the Sales Contract, the Purchaser paid a
purchase money deposit in the amount of $75,000 to Standard Title
Co., pending the closing on the sale of the Property.  The
Purchaser agreed to advance the sum of $8,217 from the deposit in
payment of legal fees for the filing of Chapter 11 bankruptcy
proceedings on behalf of the Debtor.

All conditions to the Sales Contract have been completed and A Plus
is ready, willing, and able to complete the sale by the closing
date set forth in the Sales Contract either by itself or through
the SPE.  A Plus has also obtained preliminary commitments to
finance both the purchase and rehabilitation work from four
different banks, and is currently completing the loan approval
process.

The Property is encumbered by a first priority lien held by Eagle
Bank in the current amount of approximately $1.27 million and a
second priority lien held by Eagle Bank in the current amount of
approximately $75,000.  In addition to the Eagle Bank liens, the
Property is currently subject to a disputed lien for water utility
services in the amount of $160,000 and a lien for unpaid real
estate taxes in the amount of approximately $161,188.  A title
search through July 23, 2020 showed various other liens have been
recorded against the Property totaling $1,656,408.  Accounting for
unrecorded increases in debt to Eagle Bank and Water and Sewer
liens, total debt secured by the property may be as much as
$1,905,226.

The Debtor estimates non-insider unsecured debt in the amount of
approximately $85,000.  Accordingly, the sale of the Property for
$2,600,000 will enable the Debtor to pay its secured as well as
non-insider unsecured creditors in full.  The contract price of
$2.6 million is consistent with the Debtor's estimate of the
current value of the Property and the price represents the highest
and best final offer it has recently received for the sale of the
Property.  It makes the determination based upon the history of
previous offers and rescinded sales.

The Purchaser is aware of the filing of the Receivership Action,
and has established a plan to bring the property into compliance
with all Department of Consumer and Regulatory Affairs
requirements.

Based on the foregoing, the Debtor respectfully asks that the Court
authorizes the sale of the Property to the Purchaser free and clear
of all liens and interests and upon the terms and conditions
specified in the Sales Contract.

A copy of the Contract is available at https://tinyurl.com/y4z92raa
from PacerMonitor.com free of charge.

                    About The Bennington Corp.

The Bennington Corp. is primarily engaged in renting and leasing
real estate properties. The Bennington Corp. sought Chapter 11
protection (Bankr. D.D.C. Case No. 20-00321) on July 30, 2020.  The
case is assigned to Martin S. Teel, Jr.  In the petition signed by
Mehrdad Valibeigi, president, the Debtor was estimated assets and
liabilities in the range of $1 million to $10 million.  The Debtor
tapped Wendell W. Webster, Esq., at Webster & Fredrickson, PLLC, as
counsel.




BLACKSTONE CQP: S&P Affirms 'B' ICR After Ownership Change
----------------------------------------------------------
S&P Global Ratings affirmed its 'B' issuer credit rating on holding
company Blackstone CQP HoldCo L.P. (BXCQP).

S&P also affirmed its 'B+' issue-level rating on the company's
senior secured term loan. The rating agency's '2' recovery rating
remains unchanged, indicating that it expects substantial recovery
in the event of a payment default (70%-90%; rounded estimate:
70%).

The stable outlook on BXCQP reflects S&P's expectation of a steady
distribution stream from CQP and modest dividends and dividend
growth from CQP.

On Sept. 8, 2020, Blackstone Private Equity (Blackstone PE)
announced a transaction to sell its interest in Blackstone CQP
HoldCo L.P. (BXCQP) to its affiliate, Blackstone Infrastructure
Partners (BIP) and Brookfield Infrastructure Group (Brookfield).
S&P expects the transaction to close in the coming weeks.

Blackstone PE sold 100% of its interests in BXCQP to its affiliate,
BIP and Brookfield, which will each acquire a 50% interest in
BXCQP. BIP and Brookfield are well capitalized and experienced
infrastructure asset owners. The transaction represents a change in
ownership at the holding company level only.

"In our opinion, there will be no change to BXCQP's corporate
governance, cash flow stability, or distribution after the change
in ownership structure. Consequently, we do not feel this
transaction represents a material change to BXCQP from a credit
perspective," S&P said.

"That said, we  believe the new owners have a history of
demonstrating less aggressive financial policy at its portfolio
companies," the rating agency said.

S&P does not anticipate BIP and Brookfield to make any changes to
BXCQP's existing capital structure. As a part of the transaction,
Brookfield and BIP will assume the existing $2.6 billion senior
secured first-lien term loan. BIP and Brookfield will also jointly
assume and co-control all governance rights held by BXCQP. The
buyers are seeking to amend the term loan to assist in the direct
ownership of about 6.5% of CQP units that is currently held in a
separate investment vehicle that is controlled by the buyers. The
collateral pool that was pledged for the term loan before the
transaction will also remain unchanged.

S&P continues to rate BXCQP under its noncontrolling equity
interest criteria, which it uses to rate debt instruments issued by
entities that own a noncontrolling interest in one or more other
entities (the investee company). BXCQP's investee company is
Cheniere Energy Partners L.P. (CQP). Despite current market
conditions, S&P continues to view CQP's dividend stream to BXCQP as
stable, as it is backed by cash flows from highly contracted
long-term agreements with investment-grade counterparties. S&P also
forecasts weighted- average stand-alone leverage to be in the
4.5x-5.0x range for the remainder of 2020 and 2021.

"We view BXCQP outlook as stable, given our expectation of a steady
distribution stream from CQP combined with modest growth. We
continue to expect stand-alone leverage in the 4.5x-5.0x area for
2020 and in our forecast horizon," S&P said.

A lower rating is possible if:

-- Leverage increased to over 6x;

-- The interest coverage ratio was below 1.5x over a sustained
period;

-- BXCQP's liquidity position materially deteriorated; or

-- CQP's adjusted weighted-average debt to EBITDA is greater than
6.5x, which would prompt S&P to lower the stand-alone credit
profile (SACP) on the investee company.

Such outcomes could occur if Sabine Pass Liquefaction (SPL)
experienced significant operational issues that have a detrimental
effect on upstream distributions. In S&P's opinion, the likelihood
of such scenarios occurring are slim given that distributions are
underpinned by heavily contracted cash flows and face primarily
investment-grade counterparties.

Without improvement in the SACP on CQP, S&P would not consider a
higher rating for BXCQP. The SACP could improve if CQP's adjusted
debt to EBITDA approaches 5x.


BON VIEW: 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 Bon View Developers LLC.
  
                     About Bon View Developers

Bon View Developers, LLC filed a voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va. Case No.
20-33634) on Aug. 27, 2020.  At the time of the filing, Debtor
disclosed assets of between $1 million and $10 million and
liabilities of the same range.  Crowley Liberatore P.C. is Debtor's
legal counsel.


BURKE MOUNTAIN: 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 Burke Mountain Southeast, LLC.
  
                  About Burke Mountain Southeast

Burke Mountain Southeast, LLC filed a voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va. Case No.
20-33633) on Aug. 27, 2020.  At the time of the filing, Debtor
disclosed assets of between $1 million and $10 million and
liabilities of the same range.  Crowley Liberatore P.C. is Debtor's
legal counsel.


CABLEVISION LIGHTPATH: S&P Assigns 'B+' ICR; Outlook Stable
-----------------------------------------------------------
S&P Global Ratings assigned its 'B+' issuer credit rating to fiber
infrastructure provider Cablevision Lightpath LLC, reflecting more
favorable business characteristics than other regional fiber
providers and one notch of support from parent Altice USA, partly
offset by elevated financial leverage. The outlook is stable.

S&P is also assigning its 'B+' issue-level rating and '3' recovery
rating to the proposed senior secured debt facilities, consisting
of a $100 million revolving credit facility due 2025 and a $600
million term loan B due 2027. Also, S&P is assigning its 'B+'
issue-level rating and '3' recovery rating to the proposed $450
million secured notes due in 2027. The '3' recovery rating
indicates S&P's expectation of 50%-70% (rounded estimate: 55%)
recovery in the event of a default.

In addition, S&P is assigning its 'B' issue-level rating and '5'
recovery rating to the $415 million senior unsecured notes due
2028. The '5' recovery rating indicates S&P's expectation of
10%-30% (rounded estimate: 20%) recovery in the event of default.

Altice USA plans to sell a minority stake (49.99%) of fiber
infrastructure provider Cablevision Lightpath LLC to Morgan Stanley
Infrastructure Partners (MSIP) in a transaction funded with a
combination of $1.47 billion in new debt and $1.7 billion of common
equity ($867 million of rolled equity from Altice USA and $867
million of equity from MSIP) to fund the $3.2 billion purchase
price, pay $32 million in fees, and add $21 million to the balance
sheet.

S&P believes Lightpath has the ability to modestly reduce leverage
given its positive cash generation, despite near-term EBITDA
headwinds.  It believes adjusted debt to EBITDA will remain
elevated at about 6.7x through 2020 as FOCF generation of about $50
million annually (3%-5% of debt) offsets slightly declining EBITDA
due to COVID-19 headwinds. In 2021, S&P believes leverage will
decline by about 0.3x on low-single-digit percent EBITDA growth and
debt reduction associated with improved FOCF, primarily due to a
recovery in the demand for non-recurring services. In the
near-to-intermediate term, the rating agency expects leverage to
continue to decline as the company focuses on reinvesting operating
cash flow back into the business.

Since it is one of the largest independent fiber providers in the
New York City metropolitan area, S&P believes Lightpath is
positioned to benefit from rising demand for bandwidth.  The
company's tristate reach and high-quality network assets allow it
to compete favorably in both the carrier and the enterprise
customer segments. S&P believes demand for bandwidth on the
company's network will be driven by increasing mobile data traffic,
enterprise connectivity and information technology (IT) outsourcing
to data centers and the cloud, wireless backhaul and carrier
network densification, migration of media content to over-the-top,
and connected devices.

S&P believes the growth in a Tier 1 market such as New York, where
Lightpath has a strong presence, could slow due to maturing
conditions, increased competition, and impacts from COVID-19.  It
is possible that enterprises served by Lightpath could reduce their
footprint in New York over time because of changes in the way
business is conducted, spurred by stay-at-home orders. These
factors could result in increased churn among Lightpath's
customers. Still, S&P does recognize that Lightpath's exposure to
small and midsize businesses, which the rating agency believes have
a higher risk of failure in a recession, is limited given the
company's enterprise focus.

S&P has a favorable view of Lightpath's business relative to many
rated fiber peers.  This is reflected in its recurring revenue
model, high-margin data segment, and limited exposure to legacy
telecommunications services. Lightpath benefits from its recurring
revenue business model with high margins in the mid-50% area and
multiyear contracts, which provide good cash flow visibility. The
company's contracts typically average three to five years, with
fiber contracts typically averaging about five to seven years.
Lightpath has greater scale than Conterra Ultra Broadband Holdings
Inc. and FirstLight Holdco Inc., with more on-net buildings than
each of these peers. It also has better profit margins and lower
capital intensity, which results in strong cash conversion for
Lightpath. Lightpath is a mature regional player, unlike
lower-rated peers that are still aggressively building out their
network to achieve the scale that Lightpath already has. Still,
Lightpath is not immune to competition from better-capitalized
players. The company faces intense competition from incumbents such
as Verizon Communications Inc., and other bandwidth providers,
including Zayo Group Holdings Inc., the largest independent fiber
provider in the U.S.

"We believe Lightpath's business profile is similar to Zayo's,.
Lightpath benefits from less exposure to legacy voice services and
has modestly less customer concentration than Zayo. Lightpath has
better profit margins than Zayo, which is hurt by its Allstream
business. These factors are offset by Zayo's better geographic
diversification, significantly more fiber route miles, and more
on-net buildings," S&P said.

"We consider Lightpath to be strategically important to Altice USA
and input one-notch of ratings uplift for potential support.  This
is because we believe there are operational incentives to induce
support under financial stress," the rating agency said.

Altice's residential network runs adjacent to Lightpath's
enterprise network, with considerable overlap that S&P believes
would encourage Altice to retain control to ensure proper levels of
investment that enable reliable network performance. However, S&P
does not equalize the rating with Altice because there are no
contractual obligations such as cross-default provisions or
guarantees among the different credit pools within Altice to create
an incentive for support during stress.

"The stable outlook reflects our expectation that adjusted leverage
will be in the mid-6x area over the next 12 months due to good FOCF
generation, partially offset by weak EBITDA growth due to the
impact of COVID-19," S&P said.

"We could lower the rating if greater competition resulted in
higher churn or pricing pressure, leading to lower-than-expected
EBITDA such that leverage were sustained above 7x for a prolonged
period and the company's FOCF weakened. We could also lower the
rating if Lightpath adopted a more aggressive financial policy,
incurring debt to fund acquisitions or dividends to its owners, and
leverage rose above 7x," the rating agency said.

Although unlikely, S&P could raise the rating if the company
sustained adjusted leverage below 4.5x, which would represent a
stand-alone credit profile (SACP) of 'bb-', two notches higher than
the existing SACP. This is because uplift of the issuer credit
rating on Lightpath is limited to one-notch below the 'BB-' issuer
credit rating on parent Altice USA. However, even under that
scenario, an upgrade is contingent on Lightpath's owners
maintaining a financial policy that allows for leverage to be
sustained comfortably at that level, even with more acquisitions or
shareholder return events. S&P would also require sustained
positive FOCF.

Alternatively, S&P could raise Lightpath's SACP to 'b+' if leverage
were sustained below 5.5x, which would not result in a change in
the 'B+' issuer credit rating on the company unless Altice USA were
rated 'BB' or higher (currently 'BB-').


CALAIS REGIONAL HOSPITAL: Seeks to Exit Bankruptcy Temporarily
--------------------------------------------------------------
Charles Eichacker, writing for Bangor Daily News, reports that
Calais Regional Hospital is now seeking to temporarily exit
bankruptcy so that it might qualify for a federal coronavirus
relief program from which it has so far been excluded because it's
in the midst of bankruptcy proceedings.

Like another Maine hospital that's in Chapter 11 bankruptcy --—
Penobscot Valley Hospital in Lincoln -- the Calais facility
previously applied for at least $1.5 million in forgivable loans
through the Paycheck Protection Program, which was designed to help
businesses keep their staff employed during the pandemic.  But both
hospitals were denied because of rules that bar bankrupt businesses
from participating.

After that decision, the Lincoln and Calais hospitals both filed
lawsuits seeking to apply for PPP funds, arguing in part that
hospitals have a unique role to play during the pandemic and that
they could have to close their doors because of steep revenue
shortfalls related to the virus.

But U.S. Bankruptcy Judge Michael Fagone has dismissed their
suits.

Now, Calais Regional Hospital is trying a different tack.  While it
has now received at least $3.7 million from other federal relief
programs, it asked a judge to dismiss its Chapter 11 bankruptcy
case so that it can seek at least $1.8 million in additional PPP
funding.

In a July 23 court filing, the hospital's attorney, Andrew Helman
of Portland, said that First National Bank has agreed to extend a
forgivable PPP loan if the hospital can leave bankruptcy. Once it
secures the loan, the hospital would then re-petition for Chapter
11 bankruptcy to help restructure its millions in debt.

Under the PPP program, the federal government guarantees loans that
are made by private lenders. Those loans can then turn into grants
if the borrower spends at least three-quarters of the funds on
payroll and wages, among other conditions.

"The Debtor believes that dismissal in order to obtain PPP would be
in the best interest of the Debtor, its estate, and its creditors
and that no party would be prejudiced. Dismissal for this purpose
will support the Debtor's efforts to continue its business
operations and reorganization," Helman said.

So far, none of the hospital’s creditors have responded to the
filing and no hearings have been set for the court to consider it.

Helman noted that Congress has extended the deadline to apply for
PPP funding from June 30 to Aug. 8. He also said that the
hospital's patient revenue was down 37, 31 and 25 percent from
normal amounts in April, May and June, respectively, after
following federal advice to cancel or delay non-urgent procedures
during the early months of the pandemic.

Last spring, it warned that its cash balance could fall to near
zero by early this summer, which would have forced it to close, but
that was before the hospital received at least $3.7 million in
separate relief funds.  On its current trajectory, Calais Regional
Hospital now projects that its cash balance could fall from $4.5
million in late June to $2.9 million by the start of October,
according to recent court filings.

Penobscot Valley Hospital does not currently plan to leave Chapter
11 bankruptcy, according to CEO Crystal Landry.

Both hospitals have filed for Chapter 11 bankruptcy in the last
year-and-a-half to help restructure millions in debts, although
those debts were greater at Calais Regional Hospital.

Two members of Maine's congressional delegation, Rep. Jared Golden
and Sen. Susan Collins, have also sponsored legislation that would
allow critical access hospitals in bankruptcy proceedings to
receive PPP loans.

                  About Calais Regional Hospital

Based in Calais, Maine, Calais Regional Hospital --
https://www.calaishospital.org/ -- operates as a non-profit
organization offering cardiac rehabilitation, emergency, food and
nutrition, home health, inpatient care unit, laboratory, nursing,
radiology, respiratory care and stress testing, surgery, and social
services.

Calais Regional Hospital filed a Chapter 11 petition (Bankr. D.
Maine Case No. 19-10486) on Sept. 17, 2019.  At the time of filing,
the Debtor had estimated assets and liabilities of $10 million to
$50 million.  Judge Michael A. Fagone oversees the case. The Debtor
is represented by Murray Plumb & Murray.


CAMERON TRANSPORT: 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 Cameron Transport Corp.
  
                   About Cameron Transport Corp.

Cameron Transport Corp., a transportation company in Niagara Falls,
N.Y., filed its voluntary petition under Chapter 11 of the
Bankruptcy Code (Bankr. W.D.N.Y. Case No. 20-11032) on Aug. 7,
2020.  It first sought bankruptcy protection on March 17, 2020
(Bankr. W.D.N.Y. Case No. 20-10454).  In the petition signed by
Faisel Haruna, president, Debtor disclosed $1,582,525 in assets and
$2,499,234 in liabilities.  Judge Carl L. Bucki oversees the case.
Colligan Law, LLP is Debtor's legal counsel.


CANADIAN IMPERIAL BANK: S&P Rates Tier 1 Capital Note Add-on 'BB+'
------------------------------------------------------------------
S&P Global Ratings said it assigned its 'BB+' issue-level rating to
Canadian Imperial Bank of Commerce's (CIBC; A+/Stable/A-1) Canadian
dollar-denominated Additional Tier I Limited Recourse Capital
Notes. Under this structure, a trust has been established where the
bank is the sole beneficiary. Investors of the notes will have
recourse only to the assets held by the trust. At the same time,
S&P Global Ratings assigned its 'BB+' issue-level rating to the
bank's preferred shares, which will reside in the trust.

In accordance with S&P's criteria for hybrid and other capital
instruments, the rating reflects its analysis of the proposed
instrument, and its assessment of CIBC 'a-' stand-alone credit
profile (SACP).

The 'BB+' issue rating is four notches below CIBC's SACP,
incorporating:

-- A deduction of one notch, the minimum downward notching from
the SACP under S&P's criteria for subordinated debt, reflecting
contractual subordination;

-- A deduction of two additional notches, reflecting that the
coupon payments are fully cancellable, at the issuer's discretion;
and

-- A deduction of an additional notch to reflect that this
subordinated note features a (mandatory) contingent conversion
(non-viability contingent capital [NVCC]) trigger. Should a trigger
event occur (as defined by the Office of the Superintendent of
Financial Institutions' [OSFI] guideline for Capital Adequacy
Requirements), each preferred share held in the limited recourse
trust will automatically and immediately be converted, without the
holder's consent, into a number of fully paid common shares of the
bank, determined in accordance with a conversion formula.

The following constitute trigger events:

-- OSFI advises the bank that it is of the opinion that the bank
has ceased, or is about to cease, to be viable and that, after the
conversion of all contingent capital instruments and taking into
account any other relevant factors, it is reasonably likely that
the viability of the bank will be restored or maintained; or

-- A federal or provincial government in Canada publicly announces
that the bank has accepted or agreed to accept a capital injection,
or equivalent support, from the government or a political
subdivision or agent or agency without which the bank would have
been determined by OSFI to be non-viable.

The notes are rated the same as CIBC's NVCC preferred shares, as
S&P would expect the probability of default of the former to be
similar to that of the latter. This is despite the notes ranking
ahead of the bank's preferred shares in an insolvency or
wind-up--because this preference is only relevant to loss given
default; S&P's ratings focus chiefly on probability of default.

The cancellability of the notes' coupons, without causing a default
or wind-up of the bank, and with no material restriction,
represents a degree of loss-absorption capacity.

"Although CIBC has the option to redeem the notes after a certain
period, we understand this period will be no less than five years
after the date of issuance, and we see no structural incentive to
redeem the notes at the first call date--implying a degree of
longevity. This combination of features leads us to assess the
equity content of these notes as intermediate," S&P said.

S&P's 'BB+' rating on the bank's preferred shares, which will
reside with the trust, reflects the rating on the bank's
outstanding NVCC preferred shares in accordance with its criteria
for hybrid and other capital instruments. Although the notching for
this instrument is identical to that on the proposed notes, the
distinguishing factors are the risk of regulatory intervention and
the deferral risk over the life of the instrument.


CARDINAL HOLDINGS 3: Moody's Alters Outlook on B2 CFR to Stable
---------------------------------------------------------------
Moody's Investors Service affirmed the corporate family rating
(CFR) of Cardinal Holdings 3, LP at B2. Concurrently Moody's has
affirmed Cardinal's probability of default rating (PDR) at B2-PD,
and the instrument ratings on the USD250 million senior secured
term loan B due 2023 and the USD65 million senior secured revolving
credit facility due 2022 both borrowed at subsidiary Cardinal US
Holdings, Inc. at B2. Moody's has revised the outlook to stable
from negative.

RATINGS RATIONALE

The change of outlook to stable reflects Cardinal's improved
operating performance in H1 2020 despite the challenges of the
coronavirus pandemic. LTM June 2020 revenue increased nearly 2%
compared with FY2019 which saw a year-on-year decrease of around
6%. Company adjusted EBITDA increased 8% to $84 million for LTM
June 2020 compared with $77.6 million in 2019. In addition to the
improved operating performance which is largely driven by resumed
growth at key clients, the company is also benefitting from the
conclusion of one-off transaction-related charges that had remained
persistent since the 2017 carve-out of the company from Fidelity
National Information Services, Inc. (FIS). Moody's now expects
(Moody's-adjusted) leverage to reduce slightly below 4x in 2020,
and to continue to reduce moderately in the next 12-18 months.

The B2 CFR also reflects (i) the cash flow generative nature of the
business, however dividend payments can result in negative retained
cash flow as seen in 2019; (ii) the company's focus on the
essential regulatory aspects of the global financial services
sector as well as IT, particularly digital which is seeing a boost
in the post COVID-19 market; (iii) its client base, which includes
large global institutions; and; (iv) its relatively diversified
business across several different countries.

The B2 CFR is constrained by (i) the small scale in terms of
revenue and concentration on financial services with one customer
accounting for nearly 20% of 2019 revenues; (ii) the cyclicality
and limited revenue visibility beyond six months due to the
consulting nature of the business; (iii) the shareholder-friendly
policy which pays a high and regular preferred dividend, also
Moody's considers the company's financial disclosure policy to be
weak, and; (iv) the ongoing competitive and challenging environment
for obtaining and retaining the highly qualified staff essential
for the success of the business.

LIQUIDITY PROFILE

Cardinal's liquidity is adequate and is supported by: (i) cash
balances of around $110 million as at June 2020 including the
Cardinal US $65 million RCF which was drawn as a precautionary
measure when the coronavirus pandemic first began; (ii) Moody's
expectation of positive free cash flow in the next 12-18 months,
and: (iii) no significant loan maturities before July 2022.

RATING OUTLOOK

The stable outlook reflects the improved performance in H1 2020
with minimal coronavirus impact, and assumes this positive trend
will continue over the next 12-18 months.

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

Upward pressure on the rating over time could come from
Moody's-adjusted debt/EBITDA falling well below 4.0x on a
sustainable basis in combination with Moody's-adjusted FCF/debt
moving sustainably towards 10% with consistently positive free cash
flow generation while maintaining a solid liquidity profile.

Negative pressure on the rating could occur if Moody's-adjusted
debt/EBITDA increases sustainably to or above 5.5x, retained cash
flow or free cash flow turns negative, or liquidity deteriorates.

STRUCTURAL CONSIDERATIONS

Cardinal's capital structure includes a $250 million senior secured
term loan B which is pari passu with a $65 million revolving credit
facility (RCF), both borrowed by Cardinal US. The guarantee and
security package comprises US subsidiaries of Cardinal Holdings 3,
LP and related assets. However, non-US subsidiaries, which
represent more than 50% of revenue and EBITDA do not provide
guarantees or security for the rated debt.

PRINCIPAL METHODOLOGY

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

Cardinal Holdings 3, LP is a consulting business with a focus on
the financial services sector and on IT-related consulting
services. The company is owned 60% by private equity firm CD&R and
40% by Fidelity National Information Services, Inc. (FIS, Baa2
stable).



CARSON CREEK: Penta Buying Austin Property for $1.2 Million
-----------------------------------------------------------
Carson Creek Ranch Parking, LLC, asks the U.S. Bankruptcy Court for
the Western District of Texas to authorize the private sale of its
interests in the real property known as 701 Dalton St., Units 3&4,
Austin, Texas to Robert Penta/East 13th Street, LLC or its assigns
for $1.2 million.

The primary asset of the bankruptcy estate is the Property.  The
Debtor does own another small parcel of land that abuts the land of
the affiliate Carson Creek Ranch, LLC.

The Debtor is proposing to sell the Property to the Buyer under the
terms and for the consideration identified in the Contract.  The
proposed purchase price is $1.2 million.  The Buyer will pay
$800,000 in cash at closing with the Debtor financing the remaining
$400,000.  The proposed sale is to be made free and clear of all
liens and interests, with any such to attach to the sale proceeds.


The Debtor is aware of the following liens and interests against
the Property:
(i) JECG, LLC - $507,208, and (ii) Travis County (Property Taxes) -
$64,295.

The Sale proceeds will be used to pay the mentioned secured liens
and property taxes, any proration required at closing, which will
be paid in full, 3% commissions to the Buyer's broker, the U.S.
Trustee's fee relating to the sale, and other reasonable and
necessary closing costs, with the net flowing to the Debtor.

The Debtor believes that the Contract is the highest and best offer
that will be received for the Property.  It chose the offer based
upon the price offered and the belief that the Buyer can close
under the contracted terms.  It is a private party sale.  Although
the Property was not publicly marketed, the Debtor received another
offer.  The other interested bidder initially offered $875,000 and
raised it to $925,000.

The Debtor purchased the property in 2016 for approximately
$700,000, and financed 80% or $560,000 of the purchase price.  Just
over four years later, the Debtor is selling the property for
$500,000 more than purchased, demonstrating growth of 41.66% over
that time period.  The contract is the result of extensive
negotiations, and the price exceeds the appraised value per Travis
County tax records.  When JECG made the loan to Debtor in March
2016, JECG's Loan Agreement reflected that the loan did not exceed
80% of the value of its collateral based on the sale price.  The
property has appreciated in value and the Debtor believes that the
secured debt and property taxes are less than 50% of the value of
its collateral, based on the sale price under the Contract.

The Debtor asks that the order approving the sale be made effective
immediately upon its entry, notwithstanding the provisions of
Bankruptcy Rule 6004(h).

A copy of the Contract is available at https://tinyurl.com/yy5y2wv8
from PacerMonitor.com free of charge.
  
                  About Carson Creek Ranch Parking

Carson Creek Ranch Parking, LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. W.D. Tex. Case No. 20-10876) on Aug.
3, 2020.  At the time of the filing, Debtor had estimated assets of
less than $50,000 and liabilities of between $100,001 and
$500,000.  Judge Tony M. Davis oversees the case.  Todd Headden,
Esq., at Hajjar Peters LLP, serves as Debtor's legal counsel.


CBAC PROPERTIES: 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 CBAC Properties Ltd.
  
                       About CBAC Properties

CBAC Properties, Ltd. is a single asset real estate debtor (as
defined in 11 U.S.C. Section 101(51B)).

CBAC Properties sought Chapter 11 protection (Bankr. S.D. Texas
Case No. 20-70233) on Aug. 3, 2020.  At the time of the filing,
Debtor disclosed estimated assets of $1 million to $10 million and
estimated liabilities of the same range.  Judge Eduardo V.
Rodriguez oversees the case.  Langley & Banack, Inc. is Debtor's
legal counsel.


CFO MGMT: Trustee Selling McKinney Property to CP380 for $17.5M
---------------------------------------------------------------
David Wallace, the Chapter 11 trustee for CFO Management Holdings,
LLC, asks the U.S. Bankruptcy Court for the Eastern District of
Texas to authorize him to sell the partially constructed office
development located at 1400 Coit Rd., McKinney, Texas ("Crescent
Parc") to CP380, LLC for $17,475,000, subject to higher and better
offers.

The Debtor and, before consolidation, the Subsidiary Debtors have
for some time been in the business of developing and selling
residential and commercial real estate in the Collin and Denton
Counties in North Texas and own and manage a wild game ranch in
Southern Oklahoma.  Since his appointment in these Bankruptcy
Cases, the Trustee has been diligently assessing the extent and
value of the Debtor’s property and maintaining and managing such
property and has sold all of the real estate properties in the
Debtor's estate other than the mentioned ranch and the property
that is the subject of the Motion.   

Before substantive consolidation of the assets and liabilities of
the Debtor and Subsidiary Debtors, Crescent Parc was under the name
of Subsidiary Debtor McKinney Executive Suites at Crescent Parc
Development Partners, LLC ("MES").  Prior to bankruptcy, MES was in
the process of constructing an office suite complex on Crescent
Parc property, with the real property and related construction
divided into two phases: Phase 1 and Phase 2.  A majority of the
construction completed prior to the bankruptcy filing and before
construction was suspended due to the financial issues and other
events that led to the bankruptcy filing was on Phase 1 of the
property.  Construction on Phase 1 is approximately 70% to 80%
complete, but construction on Phase 2 of the property had barely
started (e.g. slabs had not yet been poured) at the time
construction was suspended.  Since his appointment, the Trustee has
taken steps to manage the partially completed property.

While the Court's Order Broker Order contemplated a marketing of
the property for sales of the individual office suites, the Trustee
has identified a buyer who is interested in purchasing Crescent
Parc in its entirety.   As a result, and based on his experience,
the Trustee believes that a sale of Crescent Parc property in its
entirety (versus as individual office suite units following
completion of construction) on the same or more favorable terms as
those provided in the Motion is in the best interests of the
Debtor's estate.

In accordance with the Broker Order, the Trustee retained Edge
Realty Partners to market Crescent Parc for sale.  The Trustee has
so far received 17 separate and independent offers to purchase
Crescent Parc and has been in negotiations with the Buyer for the
sale of Crescent Parc.  

Following these negotiations, the Trustee entered into a contract
for the sale of Crescent Parc to CP380, subject to the approval of
the Court and under the following summarized terms, as more
thoroughly described in the Contract:

     a. Sale price of $17,475,000;

     b. 37-day inspection period, running as of the Aug. 4, 2020
effective date of the Contract;  

     c. $100,000 in initial earnest money, with a second, $150,000
deposit following the inspection period;  

     d. $15,00 non-refundable deposit to protect the estate, and

     e. Closing deadline of Sept. 25, 2020.

At the time of the filing of the Motion, the Trustee intends to
proceed with a sale of Crescent Parc to CP380 under the terms of
the Contract, as an offeror who has provided the highest and best
offer to date at terms that the Trustee believes to be acceptable
and beneficial to the Debtor's estate.  However, the Contract
contemplates the possibility of the Trustee entertaining additional
offers prior to or at the hearing on the Motion.  The Trustee
intends to continue to review offers for Crescent Parc through the
time of the Hearing and ultimately asks approval for whatever sale
arrangement he believes, in his judgment, is the most favorable to
the estate and creditors.  

Should the Trustee identify one or more Potential Buyers prior to
the Hearing who are willing to purchase Crescent Parc under more
favorable terms for the Debtor's estate than those provided above
and in the Contract, he will provide that information to the Court
at the Hearing and request that the sale proceed with that
Potential Buyer(s) under such more favorable terms.

Therefore, the Trustee is asking authorization to ultimately close
on a sale of Crescent Parc with another Potential Buyer other than
the specific buyer named at the Hearing in the event that closing
does not occur with that specifically named buyer, provided that
such closing was under terms substantially similar or more
favorable to those provided in the Contract.

The Trustee estimates that the costs of sale of Crescent Parc,
including commissions, fees, title policy, costs of document
preparation and recordation, and other closing costs would total
approximately 5% of the purchase price or roughly $875,000.  In a
sale to CP380, Edge would receive a commission of 4% of the sales
price, and Hank Schlachter, the buyer's broker for CP380, would
receive a commission of 0.5% of the sales price.

Prior to bankruptcy, approximately 30 parties entered into purchase
contracts with MES for office suites at Crescent Parc, with closing
to take place following completion of construction.  At this point,
the Trustee has not conducted a final analysis of whether each of
these contracts should be classified as executory contracts for the
purposes of the Bankruptcy Case.  Whether or not such contracts
will ultimately be rejected or assumed and assigned and the terms
regarding the related costs for those actions will be determined in
part by the terms desired by the ultimate purchaser of Crescent
Parc.  However, the Contract provides that such contracts are not
included in the sale to CP380.

On May 25, 2017, MES entered into a contract with EMJ Corp. for the
construction of the office suite complexes.  The Trustee has not
conducted a final analysis of whether the contract should be
classified as an executory contract for the purposes of this
Bankruptcy Case, though it was listed in MES' bankruptcy schedules
as such.  As with the contracts referenced above, whether or not
this contract will ultimately be rejected or assumed and assigned
and the terms regarding the related costs for those actions will be
determined in part by the terms desired by the ultimate purchaser
of Crescent Parc.  However, the Contract provides that the contract
is not included in the sale to CP380.   

There are two main types of secured claims that have been asserted
against Crescent Parc: any claims asserted by the Debtor's primary
lender, CPIF Lending, LLC, and claims based on materialmen and
mechanic's liens relating to construction.  The CPIF Lending claim
relates to a deed of trust and related financing agreements entered
into by Subsidiary Debtors MES and Frisco Wade Crossing Development
Partners, LLC ("FWC") on Sept. 27, 2018.  The claim now exceeds $30
million.  Due to the circumstances surrounding the CPIF Lending
transaction, the Trustee has both objected to CPIF Lending's claim
and commenced an adversary proceeding claiming, among other things,
that CPIF's claim should be equitably subordinated and the
transfers giving rise to CPIF's claim should be avoided as
fraudulent).   

Second, certain other entities, including EMJ, have asserted
mechanics' and materialmen's liens against Crescent Parc relating
to work purportedly performed on Crescent Parc.  Such M&M Lien
Claimants, the amount they claimed to be owed, and other lien
information is provided in Exhibit B.  The Trustee, as well as and
with the Committee, is currently evaluating the validity of the
liens asserted by the M&M Lien Claimants.  At this point, it is the
Trustee’s understanding that several of the liens may be invalid
and warrant removal.

There is an additional subordinated, purportedly secured claim
asserted against Crescent Parc.  PC Legacy Two Trust, a Phillip
Carter-related entity, filed a deed of trust in August 2017 with
respect to Crescent Parc.  The Trustee has reason to believe that,
given the events leading to the filing of the Bankruptcy Case and
the appointment of the Trustee, there are reasons to challenge the
validity of the PC Legacy Two Trust lien and right to payment.

In addition to the claim and lien-related issues referenced above
with respect to the purported secured claims on Crescent Parc,
certain creditors of the Debtor have asserted a priority secured
interest in Crescent Parc, claiming that other secured claims are
subordinated to such creditors' interests under various grounds,
including the doctrine of constructive trust.  These claims were
asserted in a complaint filed against the Debtor and CPIF Lending,
among others, on Dec. 6, 2019.

Due to the above uncertainties about the status and extent of the
claims asserted by CPIF Lending, the M&M Lien Claimants, and the
Class-Action Plaintiffs, the Trustee proposes to hold the proceeds
of the sale in escrow pending resolution of any lien-related
disputes and determination of claim priority by order of the Court
and entry of a Court order directing release of such escrowed
funds.  Accordingly, he will escrow all sales proceeds, with any
valid liens transferring to such escrowed proceeds, respectively.


As to other encumbrances on the property, the Trustee believes that
those encumbrances will either be addressed or preserved at
closing.  To the best of his knowledge, as of the filing of this
Motion there are no outstanding ad valorem tax obligations for
years prior to 2018.  Any outstanding 2018 and 2019 ad valorem
taxes are to be paid at closing, and any liens securing year 2020
ad valorem property taxes will remain attached to the real estate
until paid.  By the Motion, the Trustee is not intending to sell
Crescent Parc free of easements and similar property-related
encumbrances to the extent that such encumbrances are valid and
recorded in the records of Collin County, Texas as of the filing of
this Motion and designated as permitted encumbrances in the course
of finalizing the sale of Crescent Parc.

Finally, the Trustee asksthat the order approving the sale of
Crescent Parc be effective immediately by providing that the 14-day
stay under Bankruptcy Rule 6004(h) is waived.

A copy of the Contract is available at https://tinyurl.com/yy5y2wv8
from PacerMonitor.com free of charge.

A telephonic hearing on the Motion is set for Sept. 8, 2020 at 2:30
p.m.  The parties are instructed to dial 1-888-675-2535, use Access
No. 4225607 and security No. 3633.  The objection deadline is 23
days from the date of Notice service.

                   About CFO Management Holdings

CFO Management Holdings, LLC, through its subsidiaries, engages in
developing and selling residential and commercial real estate in
Collin County, Texas, and owns and manages a wild game ranch in
Southern Oklahoma.  The subsidiaries are Carter Family Office, LLC,
Christian Custom Homes, LLC, Double Droptine Ranch, LLC, Frisco
Wade Crossing Partners, LLC, Kingswood Development Partners, LLC,
McKinney Executive Suites at Crescent Parc Development Partners,
LLC, North-Forty Development LLC, and West Main Station
Development, LLC.

CFO Management Holdings and its subsidiaries sought Chapter 11
protection (Bankr. E.D. Tex. Case No. Lead Case No. 19-40426) on
Feb. 17, 2019.  In the petition signed by CRO Lawrence Perkins, CFO
Management estimated $50 million to $100 million in both assets and
liabilities.  Annmarie Chiarello, Esq. and Joseph J. Wielebinski
Jr., Esq., at Winstead PC, serve as the Debtor's bankruptcy
counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on March 4, 2019.  The committee is represented
by Singer & Levick PC as its legal counsel.

David Wallace was appointed as Chapter 11 trustee for the Debtors'
estates on April 10, 2019.


CHICO'S FAS: Canadian Unit Files Bankruptcy, Closes 10 Stores
-------------------------------------------------------------
Chico's FAS Inc. announced in a U.S. regulatory filing that on July
30, 2020, Chico's FAS Canada, Co., an immaterial subsidiary of
Chico's FAS, Inc., filed for bankruptcy with the Ontario, Canada
office of the Superintendent in Bankruptcy. The bankruptcy
proceedings will be conducted through the District Court of
Ontario, Canada.

This action will result in the permanent closure of four Chico's
and six White House Black Market boutiques in Ontario, Canada,
which have remained closed since March 17, 2020 due to the COVID-19
pandemic.  The permanent closure of the Canadian boutiques, which
constitute all of the Company’s Canadian boutiques, is part of
the Company’s ongoing cost-savings measures taken to mitigate the
impact of the COVID-19 pandemic and address the operational and
financial challenges associated with operating in Canada. The
Company expects to record on a net basis a non-material charge to
fiscal 2020 results in connection with the bankruptcy of this
subsidiary.

                     About Chico's FAS Inc.

Chico's FAS, Inc. operates as an omnichannel specialty retailer of
women's private branded casual-to-dressy clothing, intimates, and
complementary accessories. It operates under the Chico's, White
House Black Market (WHBM), and Soma brand names. The company also
sells its products through catalogs and its Websites. Chico's FAS,
Inc. was founded in 1983 and is headquartered in Fort Myers,
Florida.




CLAUDE JOHN THOMPSON: Shadfan Buying Mason Property for $950K
-------------------------------------------------------------
Claude John Thompson asks the U.S. Bankruptcy Court for the Western
District of Texas to authorize the sale of 182.05-acre of property
located at 9610 Old Mason Road, Mason, Texas to Basil Shadfan for
$950,000.

Throughout the bankruptcy, the Debtor has planned to sell 210
non-homestead acres of property he owns in Mason, Texas.  The land
is contiguous to 200 acres of land the Debtor has claimed as his
homestead.  The land subject to the sale is identified 182.050
Acres, A Portion of (410.391 Acres) 128/209 M.C.R.P.R.  

The land is encumbered by a loan from Bancorp South in the claimed
amount of $1,250,069 as of the date the case was filed.  There is
also a lis pendens on the property filed by Coastal Alamo
Investments, LLC.

The Debtor has received a contract to sell 182.05 of the 210 acres
to Shadfan for $950,000.  Shadfan is not an insider.  The parties
have executed their contract.  The sale of the Property to the
Buyer will be free and clear of all interest.  The sale will allow
the Debtor to pay down its secured debt with Bancorp South and to
create a more feasible plan.  

The Debtor believes the secured lender will consent to sale of the
Property.  He also believes Coastal Alamo Investments will agree to
remove the lis pendens on the property.  Finally, outstanding
property taxes will be paid from the proceeds of the sale as well
as quarterly fees and administrative costs of the bankruptcy
incurred thus far.     

Under these conditions, the Debtor contends the sale is in the best
interest of the estate and its creditors and should be approved.  

A copy of the Contract is available at https://tinyurl.com/y5y9lo6e
from PacerMonitor.com free of charge.

Claude John Thompson sought Chapter 11 protection (Bankr. W.D. Tex.
Case No. 20-51048) on June 1, 2020.  The Debtor tapped Ronald
Smeberg, Esq., as counsel.


COMMUNITY PROVIDER: Sets Bidding Procedures for All Assets
----------------------------------------------------------
Novelles Developmental Services, Inc. and CPES California, Inc.,
affiliates of Community Provider of Enrichment Services, Inc., ask
the U.S. Bankruptcy Court for the Central District of California to
authorize their bidding procedures in connection with the sale of
substantially all their assets to National Mentor Healthcare, LLC
for $4.4 million, in accordance with their Asset Purchase Agreement
dated as of Aug. 6, 2020, subject to overbid.

The California Debtors have been in discussions with potential
buyers since late 2019.  In June 2020, the Debtors engaged
CohnReznick Capital ("CRC") to identify potential buyers for some
or all of their assets and commenced discussions with those
parties.  CRC prepared a Confidential Investment Memorandum ("CIM")
and an online data room to facilitate the sharing of information
with potential buyers.  It contacted a number of potential buyers
to solicit their interest in exploring a transaction regarding the
Debtors' assets, and for the past several weeks, the Debtors, their
counsel, and CRC have been in negotiations with various parties who
expressed interest in acquiring some or all of the assets.   

The salient terms of the Stalking Horse Agreement are:

     a. Purchase Price: The aggregate consideration payable at
Closing for the Purchased Assets will be an amount equal to $4.4
million; provided, however, that the Buyer reserves the right to
increase the Purchase Price.

     b. The sale transaction is subject to higher and better bids,
as set forth in the bidding procedures.

     c. Sale Closing Outside Date: Feb. 2, 2021

     d. Deposit: $440,000

     e. Tax Exemption: All transfer, documentary, sales, use,
stamp, registration and other substantially similar Taxes
(including any real property transfer or similar Tax) incurred in
connection with the Stalking Horse Agreement and the consummation
of the transactions contemplated thereby, if any, and that are not
exempt under Section 1146(a) of the Bankruptcy Code, will be borne
100% by the Sellers and will be paid by them.

     f. The Purchased Assets will be sold and transferred free and
clear of all pledges, liens, security interests, encumbrances,
claims, charges, options and interests.

     g. The California Debtors request waiver of Bankruptcy Rule
6004(a)&(h).

The California Debtors believe that the process proposed hereby is
designed to generate maximum interest in the Purchased Assets
within the limited time available by offering maximum flexibility
with respect to Sale proposals.  They developed the Bidding
Procedures in consultation with their advisors to preserve
flexibility in this marketing process and generate the greatest
level of interest and the highest or best value for their assets.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Sept. 24, 2020 at 4:00 p.m. (PT)

     b. Initial Bid: In the case of an All Assets Bid (or a Bid for
one or more Asset Lots that, taken together with other Bids,
represents a purchase of all of the Purchased Assets), that the
total consideration for all of the Purchased Assets in the
aggregate will be an amount or value equal to or greater than: (1)
the sum of (a) the Purchase Price (as defined in the Stalking Horse

Agreement) subject to the adjustments set forth in the Stalking
Horse Agreement, plus (b) the Break-up Fee, plus (c) $50,000 in
cash; or (2) such other combination of cash, assumed liabilities
and/or excluded assets that, in the Sellers' determination, exceeds
the value of the Stalking Horse Agreement to the Sellers by
$250,000 (i.e., the sum of the Break-up Fee and Minimum Bid
Increment).

     c. Deposit: 10% of the total purchase price proposed by the
competing Bid

     d. Auction: The Auction will be held at the offices of
California Debtors' counsel, 1800 Century Park East, Suite 1500,
Los Angeles, California 90067 or such other location as may be
announced prior to the Auction to the Auction Participants
(including a virtual location) on Sept. 29, 2020 at 10:00 a.m.
(PT).

     e. Bid Increments: $50,000

     f. Sale Hearing: Oct. 1, 2020

     g. Sale Objection Deadline: TBD at 4:00 p.m. (PT)

     h. Break-up Fee: $200,000

     i. Credit Bidding: Not applicable

Within three days of entry of the Bidding Procedures Order, the
California Debtors will serve a Sale Notice upon all the Sale
Notice Parties.

In connection with the sale process, the California Debtors will
ask to assume and assign certain executory contracts and unexpired
leases identified in the Winning Bidder's Purchase Agreement(s).
On the date that is 14 days prior to the Sale Objection Deadline,
the California Debtors will file with the Court the Cure Notice on
all non-Debtor counterparties to all Assumed Contracts, and their
respective known counsel, and provide a copy of same to the
Stalking Horse Bidder.   They propose that the counterparty must
file the objection and serve it so as to be actually received on or
before the Assumption Objection Deadline established in the Bidding
Procedures Order.

Finally, the California Debtors believe that the Sale should be
consummated as soon as practicable to preserve jobs and maximize
the value of the Purchased Assets.  Accordingly, they ask that the
Court waives the 14-day stay periods under Bankruptcy Rules 6004(h)
and 6006(d) or, in the alternative, if an objection to the Sale is
filed, reduce the stay period to the minimum amount of time needed
by the objecting party to file its appeal.

          About Community Provider of Enrichment Services

Community Provider of Enrichment Services, Inc., which conducts
business under the name CPES, is a community human services and
healthcare organization based in Tucson, Ariz.  It offers a full
range of community-based behavioral health services, substance
abuse treatment, foster care, and intellectual and developmental
disability supports with locations throughout Arizona and
California.  For more information, visit https://www.cpes.com/

CPES and its affiliate, Novelles Developmental Services, Inc.,
sought Chapter 11 protection (Bankr. C.D. Cal. Lead Case No.
20-10554) on April 24, 2020. The petitions were signed by Mark G.
Monson, CPES' president and CEO.  At the time of the filing, CPES
disclosed estimated assets of $1 million to $10 million and
estimated liabilities of the same range while Novelles
Developmental Services disclosed $100,000 to $500,000 in both
assets and liabilities.   Judge Deborah J. Saltzman oversees the
cases.  The Debtors tapped Faegre Drinker Biddle & Reath LLP as
their legal counsel.


CORNERSTONE BUILDING: S&P Rates $400MM Senior Unsecured Notes 'B-'
------------------------------------------------------------------
S&P Global Ratings assigned its 'B-' rating to Cornerstone Building
Brands Inc.'s proposed $400 million of new senior unsecured notes
due in 2029. The company will use the net proceeds from the
offering to repay borrowings under its $611 million asset-based
revolving credit facility, and a portion of its $115 million cash
flow revolver, as well as pay fees and expenses. The recovery
rating on the new notes is '6' indicating its expectation for
(0%-10%; rounded estimate: 0%) recovery for lenders in the event of
a payment default. All other recovery ratings on the existing
capital structure remain the same.

S&P's issuer credit rating on Cornerstone remains 'B+', and the
outlook remains negative as it believes the company is operating at
a leverage considered slightly high for the rating.


ECLIPSE MIDCO: S&P Affirms 'B-' ICR on Announced Refinancing
------------------------------------------------------------
S&P Global Ratings assigns its 'B-' issue-level and '3' recovery
ratings to Eclipse Midco Inc.'s (dba ECi Software Solutions)
proposed first-lien credit facility, and its 'CCC' issue-level and
'6' recovery ratings to the second-lien notes. At the same time,
S&P revised the outlook on ECi to stable from negative and affirmed
its 'B-' issuer credit rating.

The Fort Worth, Texas-based enterprise software provider has
announced the issuance of $780 million first-lien credit facility
(inclusive of a $710 million first-lien term loan due 2027 and a
$70 million revolver due 2025) and $280 million second-lien notes
due 2028.

The company will use the proceeds primarily to refinance existing
debt, fund the acquisition of Shockwave ($205 million), and towards
a dividend payment to the sponsor, Apax ($118 million). As a
result, S&P expects pro forma adjusted debt to EBITDA to reach the
high-9x area at transaction close, then fall to the low-8x area by
2021.

"High leverage limits financial flexibility, but cost synergies
should drive 2021 leverage compression. Leverage remains high for
ECi, as we forecast S&P-adjusted leverage to reach over 9.5x on a
pro forma basis excluding prospective cost savings, following the
transaction close," the rating agency said.

"Subsequently, upon the full consolidation of Shockwave in 2021, we
anticipate ECi will begin to realize its targeted synergies and
forecast modest leverage compression to approximately 8x. In our
view, ECi has a strong record of integrating companies and
achieving its synergy targets on time and on budget," the rating
agency said.

Stronger-than-expected operating results, operating expense
discipline underpin outlook stabilization. ECi's strong first half
2020 results and heightened operating cost discipline suggest
fiscal 2020 and 2021 results will be more favorable than S&P's
previous forecast published in April 2020, despite the significant
macroeconomic headwinds and uncertainty surrounding COVID-19.
Year-to-date revenues grew by over 9% year-over-year, while EBITDA
increased by nearly 30% year-over-year. Growth was primarily driven
by strong recurring revenue results, and margins expanded on lower
sales commissions and marketing spend. As such, S&P has revised its
base-case assumptions so that revenue in fiscal 2020 will grow in
the double-digit percents, partially lifted by the Trivest,
Pacsoft, and Shockwave acquisitions.

Debt refinancing provides financial stability, interest rate
roll-down opportunity, and improved cash flow profile. The
company's September 2020 debt refinancing deal pushed out its debt
maturities to 2027/2028 from 2024/2025. This provides ECi with more
time to execute on its revenue growth/acquisition plans, and
improve the company's free cash flow profile. Notably, despite the
increase in debt, ECi has been able to maintain a similar level of
interest expense by capitalizing on the existing interest rate
roll-down opportunity. Moreover, ECi has also increased its
reliance on its first-lien term loan, which inherently carries a
lower interest rate.

"In our view, this transaction improves ECi's capital structure and
will likely further improve the company's profitability and cash
flow profile over the longer term. Accordingly, we forecast free
cash flow of over $30 million in 2020/2021 and anticipate an
EBITDA-to-interest-coverage ratio at approximately 2x for the next
12-18 months," S&P said.

"The stable outlook is founded on our expectation that near-term
margin expansion at Shockwave and modest organic revenue growth
will enable ECi to generate sufficient cash to service its capital
structure," the rating agency said.

S&P anticipates the company will have limited capacity to pay down
debt over the next year due to its substantial interest expense,
and expects the company's pro forma adjusted debt to EBITDA to
remain above 8x through 2021. The rating agency's base-case
scenario assumes ECi will not pursue additional major acquisitions
over the next 12 months and that it will be modestly free cash flow
positive over the next 18-24 months.

"We could lower our rating on ECi if integration missteps,
cost-saving execution issues, or increasing customer attrition
disrupt the company's growth trajectory, leading to EBITDA declines
and weaker cash generation. Potential catalysts for a downgrade
include sustained negative free cash flow, weakened liquidity, or
narrow covenant headroom, particularly if we believe the firm's
capital structure has become unsustainable," S&P said.

"Although unlikely over the next 12 months, we could consider
raising our rating on ECi if the company is able to reduce leverage
to under 6.5x on a sustained basis. We would also look to growth in
free cash flow, improved scale, and an increasing share of
recurring subscription revenues as factors supportive of an
upgrade," the rating agency said.


ECOARK HOLDINGS: Subsidiary Enters Into Lease Assignment Deal
-------------------------------------------------------------
White River SPV 3, LLC, a wholly owned subsidiary of Ecoark
Holdings, Inc., entered into an Agreement and Assignment of Oil,
Gas and Mineral Lease with a privately held limited liability
company (the "Assignor").  Under the Lease Assignment, the Assignor
assigned a 100% working interest (75% net revenue interest) in a
certain oil and gas lease covering in excess of 1,600 acres, and
White River paid $1.5 million in cash to the Assignor.  In order to
prevent an adverse effect on the Company's competitive position,
the parties have agreed to keep the identity of the Assignor and
certain terms of the Lease confidential until the Lease is publicly
recorded.

                      About Ecoark Holdings

Rogers, Arkansas-based Ecoark Holdings, Inc., founded in 2011,
Ecoark is a diversified holding company.  Ecoark Holdings has four
wholly-owned subsidiaries: Ecoark, Inc., a Delaware corporation
which is the parent of Zest Labs, Inc., 440IoT Inc., Banner
Midstream Corp., and Trend Discovery Holdings Inc.  Through its
subsidiaries, the Company is engaged in three separate and distinct
business segments: (i) technology; (ii) commodities; and (iii)
financial.

Ecoark reported a net loss of $12.14 million for the year ended
March 31, 2020, compared to a net loss of $13.65 million for the
year ended March 31, 2019.  As of June 30, 2020, the Company had
$27.83 million in total assets, $30.50 million in total
liabilities, and a total stockholders' deficit of $2.67 million.


EDMUND L. ANDERSON: City Wide Buying Two L.A. Properties for $827K
------------------------------------------------------------------
Edmund Lincoln Anderson asks the U.S. Bankruptcy Court for the
Central District of California to authorize the sale of his
commercial real properties located at 6520 and 6522 Brynhurst
Avenue, Los Angeles, California to City Wide Investments Group, LLC
for $827,000 cash, according to the terms and conditions set forth
in the Purchase Contract dated Nov. 12, 2019, or alternatively to a
higher bidder.

The Estate property to be sold is subject to the following liens:

      1) FCI Lenders Services in the approximate sum of $293,237;

      2) LBS Financial CU in the agreed upon amount of $135,000;

      3) IRS tax lien recorded on 1/7/2019 in the sum of $19,348,
will paid in full (Recording number 20181207517); and

       4) IRS tax lien recorded on 11/30/2018 in the sum of
$415,467 (Recording number 20190016993).

A portion of the tax lien is the subject to claim objection by the
Debtor based on an allegation that the Debtor was the subject of
fraud.  The hearing has been continued to Nov. 3, 2020 pending the
IRS review of its own documents.  The Debtor will pay $115,652
which constitutes the undisputed portions of the 2018 tax lien.   

Recontrust in the sum of $100,000 was charged off 10 years ago.  It
is not being paid and the Debtor has entered into a bond agreement
to protect the seller.  The motion to approve the agreement is
being filed concurrently with the Motion.

The costs of closing will include a bond in the sum of $10,050 plus
other costs which are estimated at $70,764.  It will leave
approximately $193,427 for the Estate.  The capital gains are
projected to be $130,000 but that is not certain until the Estate
is fully administered.  However, even with the capital gains, the
Estate will receive approximately $60,999.  Through the Motion, the
Debtor also asks authorization to pay the closing costs and broker
fees in the approximate sum of $70,764.

The Debtor compromised the judgment lien recorded against the
Property from the demanded amount of $210,000 to $135,000.  The
undisputed portion of the IRS' claim is being paid in full.  After
the payments of liens and costs of sale, the Estate will receive
gross amount of approximately $193,427.  After taking into account
the projected capital gains taxes, the Estate will receive
approximately $57,999.  Thus, the Debtor, using his business
judgment believes that it is in his best interest and the
creditors' to sell the Property.

The Debtor asks to sell the Property free and clear of all liens
and other interests, including but not limited to the liens as well
as all claims against the Property other than the judgment lien set
forth.  Further, he asks to sell the Property "as is" without any
warranties or representations and without the Debtor or his
Bankruptcy Estate paying for any repairs or remediation of the
Property.  

To obtain the highest and best offer, the Debtor proposes that the
sale be subject to overbid.  Notice is being provided of the
opportunity for overbidding to all interested parties in the
matter.  

The Debtor asks that the Court approves the following overbid
procedures:  

     a. Any party wishing to tender an overbid must deliver the
overbid to the Debtor's Attorney, such that the overbid is received
by the Debtor's professionals no later than five business days
before the hearing on the Motion.

     b. The initial overbid must exceed the Offer ($827,000) by a
minimum of $5,000.  The first bid must be at least $$832,000.  Each
subsequent bid must be in increments of at least $5,000.

     c. Each overbid must be all cash, without any contingencies,
including, but not limited to, financing, inspection, or due
diligence period in the Offer or otherwise.  The close of escrow
will be no later than 30 days after entry of the Court's order
approving the Motion.

     d. To bid, each bidder must deposit $5,000 with the Debtor's
attorney no later than three business days before the hearing on
the Motion made payable to Edmund L. Anderson.  The Debtor's
attorney must have access to all deposited funds received from any
bidder no later than three business days before the Motion is
heard.

     e. If a bidder is successful but fails to close escrow 30 days
after the order approving the sale is entered, the $5,000 deposit
will be forfeited and non-refundable.

     f. The Debtor asks the Court approves a back-up purchaser.  If
the winning over bidder does not close within 30 days after entry
of the order approving the sale, the Debtor may complete the sale
to the back-up bidder for the amount of the back-up bidder's last
bid.  The Debtor retains sole discretion to accept or reject
overbids, subject to Court approval.

Based upon the foregoing, the Debtor respectfully asks that the
Court enters an Order granting the sale of the Property.

A hearing on the Motion is set for Sept. 1, 2020 at 1:00 p.m.
Oppositions, if any, must be filed and served within 14 days of the
date of service.

A copy of the Contract is available at https://tinyurl.com/y4avrrpk
from PacerMonitor.com free of charge.

Edmund Lincoln Anderson sought Chapter 11 protction (Bankr. C.D.
Cal. Case No. 20-11333) on Feb. 6, 2020.  The Debtor tapped Stella
Havkin, Esq., as counsel.


EDUARDO SOLORZANO: Obligee Reopening Case to Sell Pinecrest Propty.
-------------------------------------------------------------------
Claudia Rodriguez, to whom Eduardo J. Solorzano is obligated for
post-petition child support arrearages and related enforcement
attorney's fees in excess of $125,000, asks the U.S. Bankruptcy
Court for the Southern District of Florida to authorize to reopen
the Debtor's bankruptcy case to approve the sale of the real
located at 6065 SW. 116th Street, Pinecrest, Florida to Marianna
Dubinsky and/or assigns for $2.1 million.

On Jan. 10, 2014, the Court entered its Order Confirming Second
Amended Plan of Reorganization of Edward J. Solorzano as Amended by
Subsequent Addendum.  The Second Amended Plan ("2AP") established a
"Class 1 - Priority claim of Claudia Rodriguez" as an unimpaired
class.  In addition to other obligations imposed upon the Debtor by
his Class 1 provisions, the Debtor was required to remain current
on all his child support obligations according to the terms of the
Marital Settlement Agreement and Final Judgment of Dissolution of
Marriage.

The 2AP also established a "Class 2 - The Secured Claim of U.S.
Bank, NA as Trustee Relating to Chevy Chase Funding LLC Mortgage
Backed Certificates."  The Debtor's Class 2 obligations are related
to real property that was formerly his homestead, but is now
non-homestead property rented to a tenant at a rent in excess of
$10,000 per month.  The property is located at 6065 SW. 116th
Street, Pinecrest, Florida.

The 2AP and the Confirmation Require the Debtor to not only make
payments of principal and interest on the mortgage indebtedness,
but to pay the related insurance and county real property taxes.

On May 21, 2014, the Debtor filed his Motion to Temporarily Close
Bankruptcy Case Prior to Entry of Order of Discharge, and was
approved by the Court on June 13, 2014.

Despite the Debtor's requirements to remain current on his child
support obligations pursuant to natural law, state law, the 2AP,
and the Confirmation Order, he repeatedly failed to do so, and now
owes well in excess of $100,000 in child support arrearages, and
more than $25,000 in related child support enforcement attorney
fees.  These repeated failures resulted in a series of Family Court
orders (a) requiring the sale of the Pinecrest Property, (b)
requiring his cooperation in executing documents to facilitate
same, and (c) providing for signature on such documents by a
Special Master in his place and stead if he failed to cooperate in
the signing of same.

Despite the Debtor's obligations to pay the Pinecrest Property
related real property taxes, he repeatedly failed to do so,
requiring the mortgagee to advance more than $158,000 in payment of
same.  Composite Exhibit C are selected documents produced by the
mortgage servicer for the Pinecrest Property in response to a
subpoena in Family Court, and selected documents from the
Miami-Dade County Tax Collector’s website reflecting the
servicer's payments to the Tax Collector for real property taxes
for 2014, 2016 and 2017, as
well for the “Homestead Penalty” tax bills for 2012, 2013,
2014, and 2015.  These payments total $158,392.  The Tax
Collector's website also reflects that 2019 taxes are due for
$50,897.

The Buyer party to the Contract has completed its inspections, and
is satisfied with the condition of the Pinecrest Property, and is
prepared to close.  Further, the Buyer's execution of the Addendum
to the Contract waived the financing contingency.  Accordingly,
the Contract has now gone hard, and is scheduled to close on Sept.
21, 2020.

It is imperative that the contract timely close as the net proceeds
from sale of the Pinecrest Property after payment of the mortgage
principal, accrued interest, escrow advances, 2019 and current
year's real property taxes, realtor's commission, and documentary
stamps, will be less than $90,000.  The sum is insufficient to pay
the Debtor's Child support arrearages, child support enforcement
attorney's fees, bankruptcy counsel attorney's fees, and court
costs, and will only diminish further if the sale does not close as
scheduled.  

These estimated net proceeds are calculated as follows:

     Sales Price:                $2,100,000
     Mortgage Principal:         
     Accrued Interest            
     Escrow Advances:            
     2019 Real Property Taxes:   
     Estimated Prorated 2020     
       Real Property Taxes:
     Realtor's Commission:       
     Documentary Stamps:         
     Maximum Est. Net Proceeds      $82,977

The Debtor has failed to comply with the provisions of the 2AP and
the Confirmation Order that require him to remain current on his
child support obligations and the Miami-Dade County real property
tax obligations related to the Pinecrest property.  The provisions
of the Order Closing Case entitle the Movant to reopen the case to
enforce those provisions.

A copy of the Contract is available at https://tinyurl.com/y5wlyno6
from PacerMonitor.com free of charge.

Eduardo J. Solorzano sought Chapter 11 protection (Bankr. S.D. Fla.
Case No. 11-27598) on June 24, 2011.  The case was temporarily
closed on June 13, 2014.


ENDICOTT MEATS: Sets Bidding Procedures for Bronx Property
----------------------------------------------------------
Endicott Meats, Inc. and Endicott Realty Corp. ask the U.S.
Bankruptcy Court for the Southern District of New York to authorize
the bidding procedures in connection with the sale of the real
property located at 355 Food Center Drive, Bronx, New York to Japan
Premium Beef, Inc. for $400,000, subject to higher and better
offers.

Realty is a real estate holding company which owns 324 shares in a
market cooperative located at Hunts Point Cooperative Market, 355
Food Center Drive, Bronx, New York 10474 and is a party to a
Proprietary Sublease for Unit B23.  Meats, an affiliated entity,
operated its meat purveying business from the Property until its
closure in April of 2018.  Realty currently leases the Property to
a sub-tenant Japan Premium Beef on a month-to-month basis.

The filing of the Chapter 11 case was necessitated by the pendency
of a lawsuit filed by the Trustees of the United Teamster Pension
Fund "A."  The Debtors did not possess sufficient resources to
defend the suit.  The automatic stay prevented the entry of any
Judgments against the Debtors and has provided them the time to
properly market the Property culminating in the arms-length sale of
the Property as proposed.  On May 11, 2020 the Court entered an
Order authorizing the Debtor to assume the Proprietary Sublease for
Unit B23.  

The Debtors, though theirprincipal, Fredrick Braunshweiger,
undertook efforts to solicit offers for the Property.  Due to the
Property's unique nature and specified use as a meat processing
facility, as well as its physical location within the Hunts Point
Market, the potential purchaser pool for the Property was small.
The current purchaser, Japan Premium Beef, is currently the tenant
of Realty, and is proposing to purchase not only the cooperative
property but also the assets of Meats, including its meat
processing equipment and its USDA Grant of Inspection.   It is
submitted that the purchase price in the amount of $400,000 under
the agreement by
and between the Debtor and Japan Premium Beef is the highest and
best offer that the Debtors have received.

Japan Premium Beef has agreed to employ Fredrick Braunshweiger as a
consultant for a period of one year following the consummation of
the sale for a salary of $100,000.  Mr. Braunshweiger's knowledge
of the New York area meat market and his contacts have been deemed
by Japan Premium Beef to be beneficial to them in growing their
business in New York.  At all times during course of the
negotiation with Japan Premium Beef Mr. Braunshweiger was
represented by his own personal counsel.  

In November of 2019, the Cooperative Property was encumbered by a
lien held by Signature Bank in the approximate amount of $70,000.
After the Debtors filed for Chapter 11 bankruptcy relief, Signature
Bank enforced its personal guarantee against Fredrick Braunshweiger
and executed on certain personal collateral it held thereunder.  As
a result Signature Bank's lien is satisfied in full.

The Debtors have previously assumed the Lease pursuant to Court
Order dated May 11, 2020. U nder the Purchase Agreement, the
Purchaser is taking an assignment of the Lease.  Therefore, subject
to the limitations described, the Debtors ask authority to sell the
Property and to assign the Leases free and clear of all liens,
claims, interests and encumbrances with such liens, claims,
interests and encumbrances, if any, to attach to the proceeds of
sale.

The Purchase Agreement is explicitly subject to the prior approval
of the Court and to any higher or better offer which may be made.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Sept. 30, 2020 at 5:00 p.m. (EST)

     b. Initial Bid: $430,000, payable in cash at the Closing

     c. Deposit: $43,000 made payable to Reich, Reich & Reich,
P.C.

     d. Auction: If the Debtor does not receive any Qualified Bids,
the Debtors will report to the Court and will proceed with a sale
of the Property to the Purchaser under the terms of the Purchase
Agreement.  If they receive a Qualified Bid other than the bid of
the Purchaser, the Debtors will conduct an auction on a date to be
fixed by the Court.

     e. Bid Increments: $25,000

The Debtors ask that the notice for a hearing on the Motion be set
for the earliest convenient date available on the Court's calendar.
The Notice of the Sale Hearing, will be mailed upon all Notice
Parties.

A hearing on the Motion is set for Sept. 15, 2020 at 10:00 a.m.

A copy of the Agreement and the Bidding Procedures is available at
https://tinyurl.com/yy2db2jw from PacerMonitor.com free of charge.

                      About Endicott Meats

Endicott Meats, Inc. is a meat wholesaler located at Hunts Point
Cooperative Market, Unit B-23 Bronx, N.Y.  It offers a large
selection of veal, beef, lamb, pork and poultry products.

Endicott Meats filed a voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 19-23966) on
Nov. 7, 2019. In the petition signed by Frederic Braunshweiger,
president, the Debtor disclosed $202,472 in assets and $1,202,425
in liabilities.

Nicholas A. Pasalides, Esq., at Reich Reich & Reich, P.C., is the
Debtor's counsel.


ENDICOTT MEATS: Tenant Buying Bronx Property for $400K
------------------------------------------------------
Endicott Meats, Inc. and Endicott Realty Corp. ask the U.S.
Bankruptcy Court for the Southern District of New York to authorize
the sale of the real property located at 355 Food Center Drive,
Bronx, New York to Japan Premium Beef, Inc. for $400,000, subject
to higher and better offers.

Realty is a real estate holding company which owns 324 shares in a
market cooperative located at Hunts Point Cooperative Market, 355
Food Center Drive, Bronx, New York 10474 and is a party to a
Proprietary Sublease for Unit B23.  Meats, an affiliated entity,
operated its meat purveying business from the Property until its
closure in April of 2018.  Realty currently leases the Property to
a sub-tenant Japan Premium Beef on a month-to-month basis.

The filing of the Chapter 11 case was necessitated by the pendency
of a lawsuit filed by the Trustees of the United Teamster Pension
Fund "A."  The Debtors did not possess sufficient resources to
defend the suit.  The automatic stay prevented the entry of any
Judgments against the Debtors and has provided them the time to
properly market the Property culminating in the arms-length sale of
the Property as proposed.  On May 11, 2020 the Court entered an
Order authorizing the Debtor to assume the Proprietary Sublease for
Unit B23.  

The Debtors, though theirprincipal, Fredrick Braunshweiger,
undertook efforts to solicit offers for the Property.  Due to the
Property's unique nature and specified use as a meat processing
facility, as well as its physical location within the Hunts Point
Market, the potential purchaser pool for the Property was small.
The current purchaser, Japan Premium Beef, is currently the tenant
of Realty, and is proposing to purchase not only the cooperative
property but also the assets of Meats, including its meat
processing equipment and its USDA Grant of Inspection.   It is
submitted that the purchase price in the amount of $400,000 under
the agreement by
and between the Debtor and Japan Premium Beef is the highest and
best offer that the Debtors have received.

Japan Premium Beef has agreed to employ Fredrick Braunshweiger as a
consultant for a period of one year following the consummation of
the sale for a salary of $100,000.  Mr. Braunshweiger's knowledge
of the New York area meat market and his contacts have been deemed
by Japan Premium Beef to be beneficial to them in growing their
business in New York.  At all times during course of the
negotiation with Japan Premium Beef Mr. Braunshweiger was
represented by his own personal counsel.  

In November of 2019, the Cooperative Property was encumbered by a
lien held by Signature Bank in the approximate amount of $70,000.
After the Debtors filed for Chapter 11 bankruptcy relief, Signature
Bank enforced its personal guarantee against Fredrick Braunshweiger
and executed on certain personal collateral it held thereunder.  As
a result Signature Bank's lien is satisfied in full.

The Debtors have previously assumed the Lease pursuant to Court
Order dated May 11, 2020. U nder the Purchase Agreement, the
Purchaser is taking an assignment of the Lease.  Therefore, subject
to the limitations described, the Debtors ask authority to sell the
Property and to assign the Leases free and clear of all liens,
claims, interests and encumbrances with such liens, claims,
interests and encumbrances, if any, to attach to the proceeds of
sale.

The Purchase Agreement is explicitly subject to the prior approval
of the Court and to any higher or better offer which may be made.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: TBD

     b. Initial Bid: $430,000, payable in cash at the Closing

     c. Deposit: $43,000 made payable to Reich, Reich & Reich,
P.C.

     d. Auction: If the Debtor does not receive any Qualified Bids,
the Debtors will report to the Court and will proceed with a sale
of the Property to the Purchaser under the terms of the Purchase
Agreement.  If they receive a Qualified Bid other than the bid of
the Purchaser, the Debtors will conduct an auction on a date to be
fixed by the Court.

     e. Bid Increments: $25,000

The Debtors ask that the notice for a hearing on the Motion be set
for the earliest convenient date available on the Court's calendar.
The Notice of the Sale Hearing, will be mailed upon all Notice
Parties.

A hearing on the Motion is set for Aug. 21, 2020 at 2:00 p.m.

A copy of the Agreement is available at
https://tinyurl.com/yy2db2jw from PacerMonitor.com free of charge.

                     About Endicott Meats

Endicott Meats, Inc. is a meat wholesaler located at Hunts Point
Cooperative Market, Unit B-23 Bronx, N.Y.  It offers a large
selection of veal, beef, lamb, pork and poultry products.

Endicott Meats filed a voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 19-23966) on
Nov. 7, 2019.  In the petition signed by Frederic Braunshweiger,
president, the Debtor disclosed $202,472 in assets and $1,202,425
in liabilities.

Nicholas A. Pasalides, Esq., at Reich Reich & Reich, P.C.,
represents the Debtor as counsel.


EVERALD F. THOMPSON: Must Pay McNally $23,975 for Costs Incurred
----------------------------------------------------------------
In the case captioned BARBARA McNALLY, Plaintiff, v. EVERALD
FITZGERALD THOMPSON, Defendant, Case No. 19-00132 (Bankr. D.D.C.),
Bankruptcy Judge S. Martin Teel, Jr. ordered that the plaintiff,
Barbara McNally, recover from the defendant, Everald Fitzgerald
Thompson, the sum of $23,975 as fees and costs she incurred in
pursuing the motion to compel discovery.

The plaintiff requested fees based on the Salazar/LSI matrix that
may be applied for "complex federal litigation" but offered the
USAO Attorney's Fee Matrix as an alternate basis. The defendant
would base fees on a rate reduced from the USAO Attorney's Fee
Matrix.

Judge Teel awarded fees based on the full amount from the USAO
Attorney's Fee Matrix. Based on the billing rates the court has
seen in matters of similar complexity for work performed by
attorneys of comparable experience, the rates of $637 per hour and
$353 per hour are more reasonable rates for fees to be awarded than
the higher rates from the Salazar/LSI Matrix. The defendant has not
stated any valid basis for reducing these rates, nor did the court
find any.

With respect to the hours for which these rates will be applied,
Judge Teel awarded fees for all of the hours claimed by the
plaintiff. The tasks performed here were of a discrete and limited
nature. The amounts of time spent producing the motion to compel
and the reply in support of that Motion and preparing for and
attending the hearing on the Motion are reasonable amounts of time
for those tasks.

A copy of the Court's Memorandum Opinion and Order dated August 4,
2020 is available at https://bit.ly/3hslEcJ from Leagle.com.

Everald F. Thompson filed for chapter 11 bankruptcy protection
(Bankr. D.D.C. Case No. 19-00132) on March 5, 2019, and is
represented by Richard B. Rosenblatt, Esq. of the Law Offices of
Richard B. Rosenblatt, PC.


FALC ENTERPRISES: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: FALC Enterprises, LLC
        3200 Mountain Walk Drive
        El Paso, TX 79904

Business Description: FALC Enterprises, LLC operates in the
                      specialized freight trucking industry.

Chapter 11 Petition Date: September 11, 2020

Court: United States Bankruptcy Court
       Western District of Texas

Case No.: 20-31002

Judge: Hon. Christopher H. Mott

Debtor's Counsel: Corey W. Haughland, Esq.
                  JAMES & HAUGLAND, P.C.
                  609 Montana Avenue
                  El Paso, TX 79902
                  Tel: (915) 532-3911
                  Email: chaugland@jghpc.com

Total Assets: $1,485,522

Total Liabilities: $1,944,538

The petition was signed by Lourdes P. Castro, president.

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

https://www.pacermonitor.com/view/RLDXDVQ/FALC_Enterprises_LLC__txwbke-20-31002__0001.0.pdf?mcid=tGE4TAMA


FANSTEEL FOUNDRY: Trustee Suit vs Luxfer Returned to Bankr. Court
-----------------------------------------------------------------
The United States Bankruptcy Appellate Panel, Eighth Circuit
remanded the case captioned Daniel Dooley, Trustee of the WDC
Liquidation Trust Plaintiff-Appellee. v. Luxfer MEL Technologies,
Defendant-Appellant, No. 20-6005 (BAP) to the bankruptcy court for
clarification and additional explanation.

The issue on appeal is whether the bankruptcy court properly
determined that preference payments did not qualify for the
ordinary course of business defense. Because the Appellate Panel
could not make the determination without additional explanation
from the bankruptcy court, they remanded the matter to the
bankruptcy court.

On Sept. 13, 2016, Debtor Fansteel Foundry Corporation f/k/a
Wellman Dynamics Corporation filed a voluntary petition for relief
under Chapter 11 of the Bankruptcy Code. Within 90 days of the
bankruptcy filing, the Debtor made 27 payments to Luxfer totaling
$2,529,733.82. It was undisputed that Luxfer's services were
essential to the Debtor's operations.

Daniel Dooley, Trustee of the WDC Liquidation Trust, sought to
avoid as preferences and recover payments made within 90 days of
the Debtor's bankruptcy filing. Luxfer raised two affirmative
defenses: (1) new value; and (2) ordinary course of business. After
trial, the Trustee conceded that new value in the amount of
$1,847,623.62 could be credited against the preference payments
received by Luxfer. The bankruptcy court entered judgment in favor
of the Trustee for the difference ($2,529,733.82 less
$1,847,623.62), $682,110.20, plus interest.

According to the Appellate Panel, the ordinary course of business
defense is found in Bankruptcy Code Sec. 547(c)(2) which prohibits
a trustee from avoiding transfers found to be preferences:

     (2) to the extent that such transfer was in payment of a debt
incurred by the debtor in the ordinary course of business or
financial affairs of the debtor and the transferee, and such
transfer was --

         (A) made in the ordinary course of business or financial
affairs of the debtor and the transferee; or

         (B) made according to ordinary business terms.

The parties agreed with the bankruptcy court's factual
determination that during the preference period the average days
from invoice to payment increased by 40% from the baseline average
(from an average payment of 43 days from date of invoice during the
baseline period to an average payment of 60 days from the date of
invoice during the preference period).

The Appellate Panel said their difficulty with the bankruptcy
court's decision is that it did not further identify its reasoning
for holding that transfers in the amount of $682,110.20 were not
made in the ordinary course. The bankruptcy court stated that the
Trustee's analysis provided a balanced approach and that it relied
on the Trustee's determination that payments were made in the
ordinary course if they were made 47 days or less after the invoice
date. The court did not explain why it adopted 47 days as the
cut-off period or how it arrived at that number.

According to the Appellate Panel, the increase from the average
time for payment during the baseline period of 43 days to the
47-day mark used by the bankruptcy court resulted in only 9%
difference. It seems improbable that an increase of time for
payment of only 9% would be sufficient to set the cut-off for
ordinary and non-ordinary course transactions. This is particularly
questionable when the time to payment for the 27 preferential
payments had a range of 53 to 69 days. None of the preference
payments were made as quickly as 47 days, the length of time chosen
by the trial court as the cut-off of ordinary course payment.
Accordingly, since all 27 preference payments took longer than 47
days, none of them qualified as ordinary course payments. The Panel
doubted that an increase in the average length to payment of only 4
days -- from 43 days during the baseline period to 47 days in the
preference period -- is substantial enough to take all 27 payments
out of the ordinary course.

Thus, the Panel remanded the matter to the bankruptcy court to set
forth the method by which it adopted 47 days as the ordinary course
cut-off or, alternatively, determine which preferential transfers
were made in the ordinary course.

The adversary complaint also sought not only avoidance of
preferential transfers under Bankruptcy Code section 547, but also
recovery under Bankruptcy Code section 550.  The Panel said the
bankruptcy court's decision did not address recovery under section
550. On remand, the Panel said the bankruptcy court should
determine the Trustee's entitlement to recovery under section 550.

A copy of the Panel's Decision dated August 7, 2020 is available at
https://bit.ly/3jGxNeZ https://bit.ly/3jGxNeZ from Leagle.com.

                    About Fansteel Foundry

Headquartered in Creston, Iowa, Fansteel, Inc., operates four
business units at four locations in the USA and one in Mexico with
a workforce of more than 600 employees.  Fansteel generated
approximately $87.4 million in revenue in 2015 on a consolidated
basis.  Wellman Dynamics Corporation contributed 67% of Fansteel's
sales.  The rest of the sales are generated from Intercast, a
division of Fansteel, and other non-debtor subsidiaries.

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

The cases are assigned to Judge Anita L. Shodeen.

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

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

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

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

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


FM COAL: U.S. Trustee Appoints Creditors' Committee
---------------------------------------------------
The U.S. Bankruptcy Administrator for the Northern District of
Alabama appointed a committee to represent unsecured creditors in
the Chapter 11 cases of FM Coal LLC and its affiliates.

The committee members are:

     1. Stewart Lubricants & Service Co., Inc.
        144 Citation Ct.
        Birmingham, AL 35209

     2. Dyno Nobel, Inc.
        6440 S. Millrock Drive, Suite 150
        Salt Lake City, UT 84121

     3. S&S Heavy Equipment A/C Service LLC
        Attn: Wayne Sanders
        13534 Deerlick Rd.
        Tuscaloosa, AL 35406

     4. Brake Supply Co. Inc.
        Attn: Jonathon K. Hickman
        5501 Foundation Blvd.
        Evansville, IN 47725
        
     5. McGehee Engineering Corp.
        P.O. Box 3431
        Jasper, AL 35502

     6. Thompson Tractor Company, Inc.
        Attn: Shanon Taylor
        P.O. Box 10367
        Birmingham, AL 35202

     7. Whitaker Contracting d/b/a Madison Materials
        Attn: Lenn Morris
        692 Convict Camp Road
        Guntersville, AL 35976

     8. Nelson Brothers, LLC
        Attn: Jason K. Baker
        820 Shades Crest Parkway, Suite 2000
        Birmingham, AL 35209

     9. Drummond Company, Inc.
        Attn: Curtis W. Jones
        1000 Urban Center Drive, Suite 200
        Birmingham, AL 35242
  
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 FM Coal LLC

FM Coal, LLC and its affiliates are engaged in the business of
extracting, processing and marketing metallurgical coal and thermal
coal from surface mines.  Their customers include steel and coke
producers, industrial customers and electric utilities.

On Sept. 1, 2020, FM Coal and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ala. Lead Case
No. 20-02783).  Judge Tamara O. Mitchell oversees the cases.  

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

The Debtors tapped Waller Lansden Dortch & Davis, LLP as their
bankruptcy counsel, Aurora Management Partners as financial
Advisor, and Donlin Recano & Company, Inc. as claims, solicitation
and balloting agent.


FORTRESS TRANSPORTATION: Fitch Affirms 'BB-' IDR, Outlook Stable
----------------------------------------------------------------
Fitch Ratings has affirmed the Long-Term Issuer Default Rating
(IDR) and unsecured debt rating of Fortress Transportation and
Infrastructure Investors LLC (FTAI) at 'BB-'. The Rating Outlook is
Stable.

Concurrently, Fitch has also assigned a rating of 'B' to the
company's fixed-to-floating rate perpetual cumulative preferred
shares. The preferred shares represent unsecured obligations,
ranking junior to and subordinated in right of payment to FTAI's
current and future senior and subordinated indebtedness.
Distributions on the preferred shares are cumulative. Unless
distributions have been declared on the preferred shares, FTAI may
not declare or pay distributions on its common shares except under
certain circumstances. The preferred shares are perpetual in nature
but may be redeemed, at FTAI's option, five-years after the
issuance.

KEY RATING DRIVERS

IDR AND SENIOR DEBT

The rating affirmation reflects FTAI's adequate scale in the
aircraft engine leasing industry, a diverse fleet profile with
limited residual value risk, solid cash flows generated by the
aviation segment, an experienced management team, improved funding
flexibility and leverage deemed consistent with the risk profile of
the portfolio.

Rating constraints include the firm's relatively short operating
history; concentrated exposures in the infrastructure segment; weak
overall profitability as the infrastructure projects are still in
their development stage and have demonstrated highly variable
EBITDA; vulnerability to exogenous shocks in the aircraft and
engine leasing segment; short-term engine leases that limit the
magnitude of contractual cash flows; and the company's high
dividend payout ratio.

Fitch's Sector Outlook for aircraft lessors is Negative, given the
unprecedented impact of the coronavirus pandemic on global air
traffic. Fitch believes further deterioration of airline credit
metrics could lead to a second round of deferral requests,
additional insolvencies, aircraft repossessions and impairments,
which, in turn, could impair lessor operating cash flow generation
and erode FTAI's capitalization levels over the Outlook horizon.

Since the onset of the pandemic, FTAI has bolstered its near-term
liquidity issuing $400 million of 9.75% senior unsecured seven-year
notes in July 2020, which Fitch views favorably. During 2Q20, the
company granted rent deferrals on approximately 20% of the total
aviation portfolio averaging three months of deferral in return for
three months of lease term extension. However, the company reported
that it collected approximately $75 million in cash from customers
during the quarter, or approximately 85% of its pre-pandemic
normalized quarterly run rate. The majority of the deferrals
occurred in the aircraft portion of the portfolio, particularly,
with respect to Boeing 757 and 767 aircraft. FTAI has not been
exposed to recent airline insolvencies and reorganizations in the
aviation industry, such as LATAM Airlines Group S.A., Avianca S.A,
Norwegian Air Shuttle, Virgin Atlantic Airways Limited and Virgin
Australia Airlines Pty Ltd.

The utilization rate of company's engine portfolio dropped to 40%
in 2Q20 from 61% at YE19, driven by limited opportunities to
release engines given the grounding of the majority of the global
fleet combined with the company proactively adding engines to
inventory as a result of taking engines off aircraft and selling
airframes. Despite the decline in the engine portfolio utilization
rate, FTAI executed approximately 20 engine lease extensions in
2Q20. On July 31, 2020, the company indicated it had signed over 40
new engine leases in 2Q20 that were scheduled to start in July and
August. FTAI anticipates the utilization rate of the engine
portfolio will to return to a more normal level of 65% to 70% by
the end 3Q20. The utilization rate of company's aircraft portfolio
remained at 90% during the pandemic, slightly down from the 91%
utilization rate at YE19.

Fitch believes that FTAI has an established niche market position
in the aircraft engine leasing business given its strategic focus,
adequate scale, technical expertise and maintenance, repair and
operation provider relationships. The firm is focused on
end-of-life engines and seeks to maintain a utilization rate in the
50%-75% range to ensure sufficient inventory for customers looking
for flexibility and short-term leases. FTAI's engine portfolio has
a historical weighted average remaining lease term of approximately
11 months, and while the shorter average lease tenure exposes the
firm to placement risk and reduces the magnitude of contractual
cash flows, the focus on older engines limits residual value
exposure, in Fitch's opinion.

At June 30, 2020, FTAI had 80 aircraft and 190 engines with a net
book value (NBV) of $1.6 billion, consisting largely of tier 2 and
3 aircraft and phase 2 and 3 engines, based on Fitch's aircraft and
engine categorizations. Fitch believes the weighted average age of
the aircraft portfolio is far older than other Fitch-rated aircraft
lessors. However, FTAI's aircraft portfolio is a feeder to its
aircraft engine leasing business and aircraft are typically leased
through the end of their useful lives or otherwise parted out,
rather than needing to be re-leased. The remaining weighted average
useful life of the engine portfolio is significantly shorter than
the useful life of a new engine, which can be up to 25 years.

FTAI has indicated it is planning to pursue sizable aviation
portfolio expansion opportunities in the near future. In May, 2020,
FTAI concluded a 16-aircraft sale leaseback transaction with Air
France-KLM S.A., and is actively negotiating two similar deals
totaling over 30 aircraft or 60 engines, all of which are CFM56
engines (servicing Boeing 737NG family). Fitch believes the company
has adequate liquidity to pursue such transaction and believes it
could strengthen FTAI's market position as one of the leading
aircraft engine lessors.

Fitch views FTAI's aviation segment's geographic and customer
diversification as adequate for the rating category. FTAI has a
track record of repossessing and redeploying aircraft and engines
after customer insolvency events, which Fitch views favorably,
although this track record has not been observed through a full
credit cycle. Despite adequate diversification, Fitch believes that
FTAI has elevated exposure to weaker growth geographies compared to
other lessors.

FTAI began investing in infrastructure assets in 2014. Fitch's
evaluation of the infrastructure assets is based on an assessment
of the perceived volatility in cash flows from their ownership and
operation, combined with the stressed equity value of the
investments available to support FTAI's creditors. The key cash
flow and valuation drivers include the degree of fixed-price
contracted revenue, customer credit quality, dependence on
utilization to drive profitability, and variability tied to
commodity pricing. Fitch views FTAI's infrastructure assets as
likely having longer-term investment horizons as they are
brownfield investments with somewhat higher uncertainty regarding
the timing of development or expansion. Fitch concluded that FTAI's
infrastructure assets have an adequate future cash flow profile to
sustain related debt and potentially contribute to FTAI's
profitability in the near future, depending on the project. Still,
Fitch believes the infrastructure portfolio exposes the company to
large concertation risks.

Fitch views FTAI's aviation asset quality performance as good. In
1H20, the company recorded first time impairment charges of $10
million, or approximately 0.6% of flight equipment NBV related to
the aviation assets, driven by a sale of non-core aviation assets.
The company has recorded two other impairment charges in its
history, one related to the expiration of unused gas leases in Long
Ridge and the second related to the cancelation of ongoing
construction of an off-shore vessel. FTAI has reported annual gains
on aviation asset disposals over the past four years, indicating
prudent residual value management and risk controls over time.

The company was profitable in 2019 (which benefited from gains on
equipment and infrastructure project sales), however profitability
has been negatively impacted by the performance drag from
infrastructure projects over the past four years. Fitch estimates
that FTAI's aviation assets have generated strong returns since
inception on an absolute basis and relative to peer engine and
aircraft lessors.

The company generated a lease yield of 19.5% in 1H20, and 22.3% in
2019 for its aviation assets, which are above peer levels. Fitch
estimates a net spread on aviation assets of 6.3% in 1H20 and 7.4%
in 2019, when excluding maintenance payments, which compares
favorably to the majority of Fitch-rated aircraft lessors and is
in-line with Fitch-rated aircraft engine lessors. Fitch believes
the decline in FTAI's net lease spreads in 1H20 was driven by lower
utilization of aircraft engines due to the downturn in the aviation
industry and expects it will rebound to historical levels as travel
restrictions are lifted. Fitch expects FTAI will report net losses
for the year, however, it will become profitable in 2021 as the
majority of infrastructure projects start generating positive
EBITDA.

The company's tangible leverage (defined as gross debt to tangible
equity) was 1.7x at 2Q20 and has remained below 2.0x since its
inception. Fitch believes this leverage profile is appropriate
given the risk profile of the assets and the investment
concentrations in the infrastructure portfolio. Fitch estimates
FTAI's tangible leverage increased to 1.9x pro forma for the $400
million senior unsecured debt issuance in July 2020.

Fitch believes FTAI has a favorable funding profile with 85%
unsecured debt as of June 30, 2020, pro forma for the issuance of
$400 million of unsecured notes in July. The company's funding
profile has improved over the past year as the proportion of
unsecured funding has increased from the range of 60%-70% over the
past three years. FTAI has an adequate liquidity profile without
significant capital commitments as it does not have an order book
and infrastructure project development is funded with borrowings on
secured credit facilities and construction loans. In addition, FTAI
has a favorable debt maturity profile, with more than 95% of its
debt maturing after 2021. At June 30, 2020, pro forma for the
issuance of $400 million of unsecured notes in July, Fitch
estimates the company had approximately $250 million of
unrestricted cash and $250 million available on its secured
revolving credit facility. The liquidity profile is also augmented
by the generation of operating cash, which Fitch expects to be in
the range of $100 million to $120 million in 2020.

The company's liquidity sources (secured revolver capacity,
unrestricted cash and next 12 months of operating cash flow)
covered uses (next 12 months of debt maturities, capital
expenditures and estimated dividends of $140 million) by
approximately 1.6x as of June 30, 2020, which is comparable with
the majority of Fitch rated investment grade aircraft lessors.

Fitch believes the company has a relatively aggressive dividend
policy, as distributions represented approximately 76% and 83% of
operating cash flows in 2019 and 2018, respectively, and
significantly exceeded operating cash flows in 2016 and 2017. Fitch
would view a reduction in the payout ratio favorably.

Fitch believes FTAI benefits from an experienced management team
via its external manager Fortress Investment Group LLC (Fortress,
BB/Stable). Over the last 10 years, Fortress has been an active
investor in transportation and transportation-related
infrastructure assets globally, which has resulted in solid
investment returns. The team is expected to remain opportunistic
with regard to growth in the aircraft portfolio and additional
investments in infrastructure assets.

Fitch's updated 'Global Economic Outlook' (GEO) published on Sept.
7, 2020, revised expectations for 2020 global GDP to be down 4.4%
compared to 4.6% June, noting economic activity picking up in the
U.S. and China offset by deeper expected declines in the Eurozone,
the U.K. and India, The report highlighted the winter lockdown risk
as the sharp rise in new COVID-19 cases in the U.S., Spain and
France underscores the ongoing downside risk to the forecasts from
a renewed deterioration in the health crisis. However, it also
noted the shock would likely not be as severe as that of 2Q20.
Fitch's base case scenario assumes the U.S. will not return to
pre-virus GDP levels (4Q19) until 4Q21 while the Eurozone will take
longer. Country-by-country and regional variations will depend on
the intensity of lockdown measures, relative exposure to heavily
affected industries (such as tourism) and scale of policy responses
playing a key role in the depth of the downturn and pace of
expected economic recovery. That said, the lack of major financial
or inflationary imbalances prior to the crisis - along with
unprecedented policy largesse - means that the return to pre-crisis
GDP will be more rapid than after the global financial crisis, when
it took the U.S. three-and-a-half years, the U.K. five years and
the Eurozone seven years.

Fitch's rating review and sensitivity analysis for FTAI included
forecasted quantitative credit metrics for the company, with
particular focus on leverage under base case and downside case
assumptions, which were broadly derived from the agency's GEO.

Under the base case scenario, Fitch assumes that the commercial
aviation industry recovers slower than other corporate sectors, due
to lower business and leisure travel, especially for long haul,
international routes. As a result, Fitch expects a sizable portion
of the global fleet will remain grounded in 3Q20, airlines will
operate at approximately 35% capacity in 3Q20 and 50% capacity in
4Q20 and air traffic will return to 2019 levels only by 2022. In
addition, Fitch anticipates oil prices will remain in the range of
$40 to $45 per barrel for the end of 2020 and FY2021 and there will
be diminished demand for the refined products for the remainder of
2020, which may pressure revenue generation for certain FTAI
infrastructure projects. Fitch's base case assumptions for FTAI
include up to 40% cumulative lease deferrals for a three-month
period; up to $25 million of impairments of the NBV of defaulted
fleet, and a 35% reduction in revenue in 2020, compared to 2019
(adjusted downwards for one-time sizable gains on asset sales),
among other assumptions.

Under the downside case scenario, Fitch assumes there will be a
second wave of the global spread of the coronavirus, followed by a
re-imposition of lockdown measures and travel bans in 2H20. Air
traffic falls back to 2Q20 levels after a brief recovery in demand
outside of the U.S. and Latin America during the summer 2020 travel
season. The global aircraft fleet is grounded in 4Q20 and airlines
operate at 45% capacity in 3Q20, 10% in 4Q20, 45% in 1Q21 and 55%
in 2Q21. Oil prices are not expected to rebound and remain at
current levels through mid-2021. Fitch's downside assumptions for
FTAI include up to 50% cumulative lease deferrals for a four-month
period; up to $40 million and $30 million of impairments of the NBV
of defaulted fleet in 2020 and 2021, respectively, and 45% and 35%
reductions in revenue in 2020 and 2021, respectively, from the
adjusted revenues generated in 2019, among other assumptions.

Fitch believes FTAI has sufficient liquidity to withstand near-term
reductions in lease cash flows in both Fitch's base and downside
case forecasts and sufficient capitalization headroom to withstand
impairments and operating losses in the base case. However, Fitch
anticipates the company's leverage will likely breach the 2.5x
downgrade threshold in a downside scenario where pandemic
reductions in air traffic, airline solvency and weakness in the oil
and gas sectors last well into 2021, resulting in meaningful net
losses and erosion of the equity base.

While there are limited mitigating factors in the current
environment, Fitch acknowledges that there are indicators that
point to the beginning of an air traffic recovery in China,
although traffic remains well below pre-coronavirus levels. This
dynamic suggests a potential recovery path for global air traffic
should similar measures be employed in other countries and regions,
as the majority of worldwide governments have started a multiphase
reopening of economies with corresponding easing of the previously
imposed air travel bans. That said, given the continuation of high
number of cases particularly in the U.S., Fitch expects a recovery
in the region will be more prolonged. Fitch also notes that since
the negative sector outlook was put in place on March 16, 2020,
funding markets are increasingly accommodative and government
support of national airlines is increasingly commonplace.

The Stable Outlook reflects Fitch's expectations that the company's
aviation assets will continue to generate strong yields and
operating cash flows, impairment charges will be limited due to
modest residual value risk, and capital expenditures on
infrastructure development projects will be driven by
non-speculative demand and/or firm contractual obligations. The
Outlook also reflects the expectation that FTAI will retain an
adequate liquidity position and maintain leverage (gross debt to
stated equity) at-or-below 2.0x.

The unsecured debt ratings are equalized with FTAI's Long-term IDR
reflecting Fitch's expectation for average recovery prospects in a
stressed scenario.

PREFERRED SECURITIES

Fitch rates the preferred shares two notches below FTAI's IDR of
'BB-', in accordance with Fitch's "Corporate Hybrids Treatment and
Notching Criteria" dated Nov. 11, 2019. The preferred share rating
includes two notches for loss severity, reflecting the preferred
shares' deep subordination and heightened risk of nonperformance
relative to other obligations, namely unsecured debt. Fitch has
afforded the issuance 50% equity credit given the cumulative nature
of the distributions, the fact that the preferred shares are
perpetual, and the lack of change of control provisions and events
of default.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to a
positive rating action/upgrade:

An improvement in the level and consistency of FTAI's overall
probability, with infrastructure assets contributing to earnings,
sustained leverage below 1.5x assuming a consistent asset risk
profile, increased infrastructure portfolio diversity and strong
risk management and credit performance through a full credit
cycle.

Factors that could, individually or collectively, lead to a
negative rating action/downgrade:

Factors that could, individually or collectively, lead to negative
rating action/downgrade include a sustained increase in leverage
above 2.5x, as a result of an increased risk appetite, sizable
investments in infrastructure assets or asset underperformance.
Additionally, the recognition of meaningful aircraft and/or engine
impairments; sustained deterioration in aviation financial
performance and/or operating cash flows; higher than expected
repossession activity; difficulty re-leasing aircraft and engines
at economical rates; or a reduction in available liquidity could
also result in negative rating momentum.

The unsecured debt ratings are primarily sensitive to changes in
FTAI's Long-Term IDR and secondarily to the level of unencumbered
balance sheet assets in a stressed scenario, relative to
outstanding debt. A decline in the level of unencumbered asset
coverage, combined with a material increase in the use of secured
debt, could result in the notching of the unsecured debt down from
the Long-Term IDR.

PREFERRED SECURITIES

The rating on the preferred shares is primarily sensitive to
changes in FTAI's Long-Term IDR and is expected to move in tandem.
However, the preferred share rating could be downgraded by an
additional notch to reflect further structural subordination should
the firm consider other hybrid issuances.

Headquartered in New York, NY, FTAI currently invests across four
market sectors: aviation, energy, intermodal transport and rail.
The company is externally managed by an affiliate of Fortress,
which has a dedicated team of professionals who collectively
acquired over $17 billion in transportation-related assets since
2002. At June 30, 2020, FTAI had total consolidated assets of $3.2
billion and total equity capital of $1.3 billion.

ESG CONSIDERATIONS

The highest level of ESG credit relevance, if present, is a score
of 3. This means ESG issues are credit-neutral or have only a
minimal credit impact on the entity(ies), either due to their
nature or to the way in which they are being managed by the
entity(ies).


FREEDOM DEVELOPMENT: Hearing Sept. 15 on Further Cash Use
---------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois,
Eastern Division has authorized Freedom Development Group LLC -
87th Street to use cash collateral for the maintenance and
preservation of the Properties through the payment of ordinary and
necessary expenses of the operation of the Properties, as well as
extraordinary maintenance and repair expenses through September
15.

The Debtor is an Illinois limited liability company in the business
of lease, and running a business plaza located at 163-205 W. 87th
Street, Chicago, Illinois.  The business plaza is situated on the
south side of Chicago and has experienced various issues, including
damage from looting resulting from unrest in the city.

Prescient holds a promissory note in the original sum of
$5,500,000, secured by a Loan and Security Agreement, a Leasehold
Mortgage, Assignment of Leases and Rents, Security Agreement, and
Fixture Financing Statement, and Assignment of Leases and Rents.

Voshel Investments LLC holds a promissory note made by the Debtor
in the sum of $600,000.00 secured by a lien on the Debtor's
leasehold rights, improvements, and assignment of leases and rents
dated January 14, 2020.

The United States Small Business Administration also holds a
promissory note made by the Debtor in the sum of $150,000 secured
by a lien on all tangible and intangible personal property.

The Debtor is indebted to Prescient in the aggregate amount of
approximately $4,300,000 as of the Petition Date.

As adequate protection, Prescient is granted a replacement lien on
the Debtor's rents, accounts and accounts receivables lien
respecting the Properties, wherever located to secure the
Indebtedness to the extent of any diminution in value of the
Pre-Petition Collateral, subject only to valid and enforceable
liens and security interests existing on said property, assets, or
rights of the Debtor at the time of the commencement of the Case
or, in the case of property, assets, or rights acquired after the
Petition Date, at the time the Debtor’s estate acquires the
property, assets, or rights.

On August 27, Freedom Development filed an emergency motion seeking
authority to use cash collateral, to provide adequate protection,
and for other relief. The Debtor seeks the entry of an order
authorizing it to use property of the estate that is cash
collateral generated through the operation of the Properties. The
Debtor requires the use of the Pre-Petition Collateral, including
cash and cash equivalents such as the Rents, generated from the
Pre-Petition Collateral for the maintenance and preservation of its
Properties.

Given the estimated value of the Properties, which the Debtor
believes to be $4,500,000, Prescient is the sole party not holding
an undersecured or unsecured interest, and thus the only party
entitled to adequate protection.

A continued hearing on the motion is scheduled for September 15 at
10:00 a.m.

A full-text copy of the Motion is available at
https://bit.ly/3kj6DLi from PacerMonitor.com.

A full-text copy of the order is available at
https://bit.ly/35mLV9i from PacerMonitor.com.

        About Freedom Development Group LLC - 87th Street

Freedom Development Group LLC -- https://fdg7.com -- is a
privately-owned real estate company that specializes in
development, investment, brokerage, asset management, planning and
strategic land acquisition throughout the United States. It sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
N.D. Ill. Case No. 20-15619) on August 14, 2020. In the petition
signed by Daniel Olswang, manager, the Debtor disclosed up to
$50,000 in assets and up to $10 million in liabilities.

The case is assigned to Judge Donald R. Cassling.

Gregory J. Jordan, Esq. of Jordan and Zito LLC is the Debtor's
counsel.

Neema T Varghese has been appointed as Subchapter V Trustee.

Lender Prescient is represented in the case by Jacob B. Sellers --
jacob@greensteinsellers.com -- of Greenstein Sellers PLLC.
States Trustee, at Jeffrey.L.Gansberg@usdoj.gov), and to


FRONTIER COMMUNICATIONS: CWA, TURN Oppose Virtual Separation
------------------------------------------------------------
Channel Partners reports that a labor union and consumer advocacy
group have raised concerns about Frontier Communications' proposed
"virtual separation" plan that could split the company between
areas.  The Communications Workers of America (CWA) and The Utility
Reform Network (TURN) filed comments with the Federal
Communications Commission (FCC) regarding Frontier’s bankruptcy.
It raises concerns about whether the company’s proposed
reorganization plan is in the public interest.

It also questions whether the reorganized Frontier will invest in
improved customer service. That includes service quality
commitments, and broadband deployment under state and federal
programs.

In April, Frontier filed chapter 11 bankruptcy as part of its
restructuring support agreement to cut its debt by more than $10
billion. Frontier filed in the U.S. Bankruptcy Court for the
Southern District of New York. The court considered a fourth
amended restructuring plan on Friday.
Potential Implications

The CWA and TURN say the "virtual separation" plan in the fourth
amended plan appears to refer to a separation of Frontier's fiber
deployment from its non-fiber operations.
ADVERTISING

Frontier could "seek to capture the revenues from fiber deployments
for investors," the groups said.  That could potentially deprive
retail operations of necessary cash flows, personnel and other
resources, they added.

The groups want the FCC to require Frontier to commit to investing
in its network for all of its customers. They also want assurances
of no job reductions post-restructuring.

"Frontier's application asserts that there will be no change in
control of the company," the filing said.

However, a group of shareholders owning nearly one-half of
Frontier's bonds has been closely coordinating in negotiations, the
groups said.  And they share legal representation in the bankruptcy
process.

This group includes Elliott Management and Franklin Resources.  It
may continue to coordinate post-bankruptcy and exert control over
the decisions of the company, the groups said.

"CWA members will be engaged in every step of the bankruptcy
process to make sure that good union jobs are protected and
Frontier invests in quality service for all customers," said Chris
Shelton, CWA president.

                About Frontier Communications

Frontier Communications Corporation (NASDAQ: FTR) offers a variety
of services to residential and business customers over its
fiber-optic and copper networks in 29 states, including video,
high-speed internet, advanced voice, and Frontier Secure digital
protection solutions.

Frontier Communications Corporation and 103 related entities sought
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 20-22476) on
April 14, 2020. Judge Robert D. Drain oversees the cases.

Debtors tapped Kirkland & Ellis LLP as legal counsel; Evercore as
financial advisor; and FTI Consulting, Inc., as restructuring
advisor. Prime Clerk is the claims agent, maintaining the page
http://www.frontierrestructuring.com/and
https://cases.primeclerk.com/ftr

The U.S. Trustee for Region 2 appointed a committee to represent
unsecured creditors in Debtors' Chapter 11 cases.



FS ENERGY: Moody's Confirms Ba3 CFR & Senior Secured Rating
-----------------------------------------------------------
Moody's Investors Service confirmed FS Energy and Power Fund's
(FSEP) long-term corporate family and senior secured debt ratings
of Ba3. This rating action concludes the review for downgrade that
was initiated on 23 March 2020, following the downgrade of FSEP's
ratings to Ba3 from Ba2, and continued on 11 June 2020.

Following the confirmation, the rating outlook is negative,
reflecting FSEP's weak asset quality and ongoing vulnerability to
oil price volatility as a result of the coronavirus pandemic given
the company's concentration in energy investments. Moody's regards
the coronavirus pandemic as a social risk under its environmental,
social and governance (ESG) framework, given the substantial
implications for public health and safety.

Confirmations:

Issuer: FS Energy and Power Fund

Corporate Family Rating, Confirmed at Ba3

Senior Secured Regular Bond/Debenture, Confirmed at Ba3

Outlook Actions:

Issuer: FS Energy and Power Fund

Outlook, Changed to Negative from Rating Under Review

RATINGS RATIONALE

Moody's said the ratings confirmation was based on the recent
improvement in FSEP's financial strength, supported by the
stabilization in oil prices around $40/barrel (bbl) since July 2020
after averaging $30/bbl during the second quarter of 2020. FSEP has
benefited from modest improvements in the fair value of its
investments and its Asset Coverage Ratio (ACR) cushion, as well as
in its liquidity and funding profiles, following recent asset sales
and amendments to its financing arrangements.

FSEP's investments were marked at 67% of cost as of 30 June 2020,
up from 64% at 31 March 2020, but down from 84% at 31 December
2019. The modest improvement in fair values during the second
quarter resulted in an increase FSEP's ACR to 231%, from 217% as of
the prior quarter end. FSEP must maintain a regulatory minimum ACR
of 200%, per its election, as permitted under the Small Business
Credit Availability Act, passed in 2018. As a result, FSEP's
capital buffer or ACR cushion, which is the difference between its
actual ACR and the minimum statutory asset coverage requirement,
expressed as a percentage of the minimum required asset coverage,
improved to 16% from 9%.

Although asset sales led to significant realized losses in the
second quarter, the cash proceeds improved FSEP's liquidity
position and enabled the company to pay in full its Goldman Sachs
credit facility. FSEP also renegotiated key amendments to its JP
Morgan credit facility, including permanently reducing the minimum
shareholders' equity FSEP is required to maintain as of the end of
each fiscal quarter to $900 million from $1.5 billion; gaining
capacity for up to $150 million in commitment increases, upon
FSEP's request and with lender participation; and expanding its
borrowing base capacity by permitting the inclusion of certain
performing preferred stock in the borrowing base.

Despite these improvements, Moody's has assigned a negative outlook
to FSEP following the ratings confirmation because of the company's
weak asset quality and ongoing vulnerability to oil price
volatility given its energy concentration. FSEP is more exposed to
oil price volatility than other rated business development
companies (BDCs) because it invests primarily in private US energy
and power companies, with significant exposure to exploration and
production (E&P) companies. Although FSEP has reduced its exposure
to E&P companies in recent years, E&P investments still accounted
for a meaningful 48% of FSEP's total portfolio as of June 30,
2020.

The decline in oil prices in March and April of this year, driven
by an acute oil demand dislocation caused by the coronavirus
pandemic and the lack of production cuts by the OPEC+ countries,
severely stressed the E&P sector, which lead to significant
deterioration in FSEP's asset quality. The company's percentage of
nonaccrual investments (at fair value) increased to a high 11.0% as
of 30 June 2020 from 2.1% as of 31 December 2019, although it
remained relatively steady in the second quarter.

Moody's regards the coronavirus outbreak as a social risk under its
ESG framework, given the substantial implications for public health
and safety. The action reflects the impact of the pandemic on oil
price volatility and, consequently, FSEP's credit quality.

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

Given the negative outlook, an upgrade of FSEP's ratings is
unlikely over the next 12-18 months. FSEP's ratings could be
upgraded if asset quality and profitability improve, allowing the
company to rebuild a significant ACR cushion above its 200% minimum
requirement.

FSEP's ratings could be downgraded if Moody's determines that the
company is likely to incur further substantial realized or
unrealized losses that meaningfully reduce FSEP's ACR cushion,
potentially leading to a covenant breach under the company's credit
facilities. The ratings could also be downgraded if FSEP's
liquidity position deteriorates significantly.

The principal methodology used in these ratings was Finance
Companies Methodology published in November 2019.


GARBANZO MEDITERRANEAN: 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 Garbanzo Mediterranean Grill, LLC.
  
                About Garbanzo Mediterranean Grill

Garbanzo Mediterranean Grill, LLC and its affiliates, Garbanzo
Mediterranean Fresh, LLC, Garbanzo Mediterranean Fresh Missouri,
LLC and Garbanzo Mediterranean Grill Franchising, LLC, operate a
chain of fast food restaurants offering Mediterranean cuisine.

On Aug. 12, 2020, Garbanzo Mediterranean Grill and its affiliates
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D. Mo. Case No. 20-43963).  Barry Levine, manager, signed the
petitions.

At the time of the filing, Garbanzo Mediterranean Grill had
estimated assets of between $1 million and $10 million and
liabilities of between $10 million and $50 million; Garbanzo
Mediterranean Grill Franchising had estimated assets of between
$100,000 and $500,000 and liabilities of between $50,000 and
$100,000; Garbanzo Mediterranean Fresh had estimated assets of
between $500,000 and $1 million and liabilities of less than
$50,000; and Garbanzo Mediterranean Fresh Missouri had estimated
assets of less than $50,000 and liabilities of between $100,000 and
$500,000.

Judge Barry S. Schermer oversees the cases.  Carmody MacDonald P.C.
is Debtors' legal counsel.


GENCANNA GLOBAL: Bankruptcy Filing Stops Ex-CFO's Labor Complaint
-----------------------------------------------------------------
Law360 reports that a former executive at bankrupt hemp company
GenCanna can't bypass the creditor claims process to pursue his
former employer for severance he claims he is owed after he was
forced out for uncovering fraud, a judge said July 30, 2020.

Former GenCanna Chief Financial Officer Mark Stegeman will have to
get in line with the rest of the unsecured creditors to recoup the
$1.5 million in severance pay he says he was denied, U.S.
Bankruptcy Judge Gregory Schaaf said. The judge denied Stegeman's
request for relief from the bankruptcy stay to appeal the dismissal
of his whistleblower complaint before the Department of Labor.

                      About GenCanna Global

GenCanna Global USA, Inc. -- https://www.gencanna.com/ -- is a
vertically-integrated producer of hemp and hemp-derived CBD
products with a focus on delivering social, economic and
environmental impact through seed-to-scale agricultural
production.

GenCanna Global USA was the subject of an involuntary Chapter 11
proceeding (Bankr. E.D. Ky. Case No. 20-50133) filed on Jan. 24,
2020.  The involuntary petition was signed by alleged creditors
Pinnacle, Inc., Crawford Sales, Inc., and Integrity/Architecture,
PLLC.  

On Feb. 6, 2020, GenCanna Global USA consented to the involuntary
petition and on Feb. 5, 2020, two affiliates, GenCanna Global Inc.
and Hemp Kentucky LLC, filed their own voluntary Chapter 11
petitions.

Laura Day DelCotto, Esq., at DelCotto Law Group PLLC, represents
the petitioners.

The Debtors tapped Benesch Friedlander Coplan & Aronoff, LLP and
Dentons Bingham Greenebaum, LLP as legal counsel, Huron Consulting
Services, LLC as operational advisor, and Jefferies, LLC as
financial advisor.  Epiq is the claims agent, which maintains the
page https://dm.epiq11.com/GenCanna

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on Feb. 18, 2020.  The committee tapped Foley & Lardner
LLP as its bankruptcy counsel, DelCotto Law Group PLLC as local
counsel, and GlassRatner Advisory & Capital Group, LLC as
financial
advisor.


GENERAL MOTORS FINANCIAL: S&P Rates Series C Preferred Stock 'BB+'
------------------------------------------------------------------
S&P Global Ratings said it assigned its 'BB+' preferred stock
rating to General Motors Financial Co. Inc.'s (GMF's;
BBB/Negative/--) proposed $500 million noncallable 10-year
cumulative fixed-rate Series C perpetual preferred stock. The
company intends to use the net proceeds for general corporate
purposes. The Series C preferred stock will rank on parity with the
existing 5.75% fixed-to-floating-rate cumulative Series A perpetual
preferred stock and 6.50% fixed-to-floating-rate cumulative Series
B perpetual preferred stock.

The preferred stock rating is two notches below the issuer credit
rating to reflect subordination risk and the risk of partial or
untimely payment. As of June 30, 2020, GMF's leverage, measured as
debt to adjusted total equity, was 7.3x. S&P views this issuance
favorably because it allows the company to add equity and, on a pro
forma basis, it expects GMF's leverage to decline to about 7.0x.

GMF, a wholly owned captive finance subsidiary of General Motors
Co., is a global provider of automobile finance solutions. S&P
continues to view GMF as a core subsidiary of General Motors Co.,
which aligns the long-term issuer credit rating on the captive with
that on its parent company.


GIGA WATT: Trustee Sets Bid Procedures for Quincy Condo Unit
------------------------------------------------------------
Mark Waldron, the Chapter 11 trustee for Giga Watt Inc., asks the
U.S. Bankruptcy Court for the Eastern District of Washington to
authorize the bidding procedures in connection with the sale of the
condominium unit located at 23684 NW Cliffe Pointe Road, Unit 8-B,
Quincy, Washington to Renee Michelle Hawkes and Gregory Lawrence
Griffith for $315,000 cash, pursuant to the Real Estate Purchase
and Sale Agreement and its addenda, subject to overbid.

There are no underlying liens on the Condo and the property taxes
and homeowners' association dues and assessments for the Condo are
current.  The sale will be free and clear of all liens, claims and
interests.

The Buyers pay refundable deposit of $3,500 to be applied to the
Purchase Price.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Sept. 18, 2020

     b. Initial Bid: $330,000

     c. Auction: If the Trustee receives one or more bid(s), then
the qualified bidder(s) and the Buyers may continue to bid at the
Hearing, until a winning bid is obtained.  The Court will then
decide whether to approve the Sale to the winning bidder.

     d. Bid Increments: $10,000

     e. Closing: Sept. 30, 2020

The Trustee asks authority to pay (a) to RE/MAX Northwest Realtors
a commission of 6% of the gross purchase price, and (b) the costs
of closing the Sale, including any transfer fee charged by the
condominium association of the Condo.

Finally, he asks that the Court waives the 14-day stay provided by
Bankruptcy Rule 6004(h).

A hearing on the Motion is set for Sept. 22, 2020 at 10:30 a.m.
(PT).

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

                    About Giga Watt Inc.

Giga Watt Inc., a cryptocurrency mining services provider based in
East Wenatchee, Washington, filed for Chapter 11 protection (Bankr.
E.D. Wash. Case No. 18-03197) on Nov. 19, 2018.  In the petition
signed by Andrey Kuzenny, secretary, the Debtor estimated up to
$50,000 in assets and $10 million to $50 million in liabilities.
The case is assigned to Judge Frederick P. Corbit.

Winston & Cashatt, Lawyers, led by shareholder Timothy R. Fischer,
is the Debtor's counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Dec. 19, 2018.  The committee tapped DBS Law
as its legal counsel.

On Jan. 23, 2019, the court approved the appointment of Mark D.
Waldron as the Chapter 11 trustee for the Debtor's estate.  The
Trustee is represented by CKR Law LLP.


GLENOGLE ENERGY: Wants Court to Convert NOI to CCAA Proceeding
--------------------------------------------------------------
Glenogle Energy Inc. and Glenogle Energy Limited Partnership
obtained, on May 14, 2020, protection from their creditors through
the filing of a notice of intention to make a proposal under
Section 50.4(1) of the Bankruptcy and Insolvency Act.  Ernst &
Young Inc. was named as proposal trustee under the NOI.

On July 23, 2020, a further stay extension was granted for 45 days
to Sept. 10, 2020 for
Glenogle to file a proposal to its creditors.

In addition, Glenogle has filed an application for an initial order
with this Honourable Court
to convert the Company's NOI proceedings into a proceeding under
the Companies' Creditors
Arrangement Act.  The Company is seeking an initial CCAA stay of
proceedings to Sept. 18, 2020.

Information concerning the Company and these proceedings is
available on the Proposal Trustee's website at
http://www.ey.com/ca/glenogleenergy.

E&Y can be reached at:

   Ernst & Young LLP
   Suite 2200, 215 2nd Street SW
   Calgary AB T2P 1M4
   
   Neil Narfason
   Email: neil.narfason@ca.ey.com

   Gord Boersma
   Email: Gord.Boersma@ca.ey.com

   Carolyn Parker
   Email: Carolyn.Parker@ca.ey.com

Counsel for Ernst & Young

   Fasken Martineau Dumoulin LLP
   Suite 3400, 350 7th Ave. SW
   Calgary AB T2P 3N9
  
   Travis Lysak
   Email: tlysak@fasken.com

Counsel or Glenogle Energy Inc. and Glenogle Energy LP:

   Bennett Jones LLP
   4500, 855 - 2nd Street SW
   Calgary, AB T2P 4K7
   
   Chris Simard
   Email: simardc@bennettjones.com

   Keely Cameron
   Email: cameronk@bennettjones.com

Glenogle Energy Inc. is in the business of oil and gas acquisition,
development and production.


GREENPOINT TACTICAL: Caplan as Broker & Gemstones Sale Approved
---------------------------------------------------------------
Judge G. Michael Halfenger of the U.S. Bankruptcy Court for the
Eastern District of Wisconsin authorized GP Rare Earth Trading
Account, LLC ("GPRE"), an affiliate of Greenpoint Tactical Income
Fund, LLC ("GTIF"), to employ Evan Caplan as its broker to act as
exclusive sales agent for the sale of the fine minerals described
in Exhibit A and compensation for services.

The Debtor is authorized to disburse the commission fees to the
Broker upon the sale of each Gemstone.

Caplan will act as the non-exclusive broker for the sale of certain
Gemstones identified on Exhibit A to the Consignment Agreement.
The complete version of Exhibit A to the Consignment Agreement will
remain confidential.  The Consignment Agreement will become
effective upon the entry of the Order.  In case of conflict of
provisions with the Consignment Agreement, the provisions of the
Order control while the case remains pending.

The professional services to be rendered are as follows:

     a. The Broker will act as the non-exclusive broker for the
sale of certain six Gemstones identified on Exhibit A to the
Consignment Agreement.

     b. The Broker will show, advertise, clean, and exhibit the
Gemstones through multiple channels to try to obtain the highest
value for the Gemstones.

     c. The Broker will communicate with potential purchasers.

     d. The Broker will arrange shipping/delivery of the Gemstones
to the final purchaser.

The initial term of the Consignment Agreement will extend from the
Effective Date for a period of one year.  Thereafter, it will
automatically be renewed for successive one year terms, for a total
of two additional one year terms unless sooner terminated.  The
Agreement may be terminated by written notice of Owner or Broker at
any time.  Upon termination, all unsold Gemstone(s) will be
returned to Owner.

Each Gemstone will have a guaranteed minimum Owner's proceeds
agreed to by the parties to the Consignment Agreement, as
identified in Exhibit A as "Owner's Net," which will be the minimum
net proceeds paid to Owner.  The Exhibit A containing the Owner's
Net column was provided as a confidential document to counsel for
the U.S. Trustee and the Official Committee of Equity Security
Holders.

The Broker will earn a commission of 20% for each sale procured and
accomplished by the Broker, subject to the minimum identified as
Owner's Net and notwithstanding a transaction with a novel buyer
produced by anyone other than Broker, or insiders.

Payment for each sale will be made by the purchaser to the Broker
and the Broker will transmit the net proceeds to Owner's bank
account within 48 hours of receipt of the funds.

The sale price of any Gemstone may not produce net proceeds of less
than the agreed upon Owner's Net sales price, without judicial
approval.

During the term of the Agreement, the Broker agrees to insure all
Gemstones at his expense.  The limit of insurance coverage will not
be less than the amount of the unsold aggregate Owner's Net.  The
Broker must provide proof of the insurance, by acceptable
documentation to Owner, counsel to U.S. Trustee, and counsel to
Committee, prior to taking possession of any Gemstones.  He will be
responsible for any applicable deductible for any claim paid by his
insurer.  The Broker will instruct the insurer to pay any claims
arising related to the GPRE Gemstones or the marketing thereof
directly to GPRE.  He will list GPRE as an additional insured on
all insurance policies relating to the Gemstones.

The Broker will be entitled to the compensation upon completion of
the sale of a Gemstone and paid from the sale proceeds.  He is not
required to file any further fee applications.  

The Broker will not earn a commission or be entitled to a finder's
fee on any sales to him, to insiders of him, insiders of GPRE, or
to persons who have had access to the Owner's Net sale prices.  It
is a non-exclusive agreement, and the Broker will not earn a
commission on any sales unless the purchaser is procured by him, or
as provided otherwise.

The sale will be free and clear of liens, claims, and
encumbrances.

In the event the Broker, an insider of him, an insider of the
Debtor or GTIF, or an insider of the Debtors managers, or anyone
with knowledge of the Owner's Net amounts wishes to purchase a
Gemstone through the Broker, the Debtor must give seven days'
notice and
opportunity to objection to the Committee and the U.S. Trustee.  

Caplan will deposit all sales proceeds (including all amounts to be
paid as commission) into a segregated bank account, which solely
holds GPRE sales proceeds, which funds will be held for the benefit
of GPRE.  

An accounting of each culminated sale with the gross sales
proceeds, net proceeds, and the detail of the amounts reducing the
gross proceeds, along with the corresponding cancelled checks, wire
information, or other supporting documents that allow tracing of
the deposit and disposition of sale proceeds, redacting the
purchaser's name, for the transactions will be provided to the
attorneys for Debtor, Committee, and the U.S. Trustee within two
business days of receipt by the Debtor and will be attached to each
GPRE monthly operating report for the month in which the sale funds
are received.

Said accounting will be provided by Broker to the U.S. Trustee also
providing the purchaser's name.  The identities of purchasers will
be treated as Confidential Information pursuant to the Court's
Protective Order of Nov. 14, 2019.

The Debtor will actively supervise the activities of the Broker to
ensure that estate property is protected against loss, that
property is sold for reasonable prices to independent buyers, that
sale proceeds are promptly and fully remitted, and the Broker
submits accurate sale reports.

Unless sold, the Debtor will periodically verify that the Gemstones
still exist and are in good condition.

The Debtor will immediately advise the U.S. Trustee and Committee
of concerns with respect to the Broker and must immediately report
situations which could result in a loss to the estate.

The Broker will not be permitted to sell any Gemstones as a
trade-in-kind or in exchange for any other Gemstone or fine
mineral.  All sales will be paid in full to the Broker at the time
of sale.

Any dispute between the Broker and the Debtor arising under of
related to thr Order or the Consignment Agreement will be litigated
before the Court so long as the Debtor's bankruptcy case remains
pending.   

A copy of the Consignment Agreement and Exhibit A is available at
https://tinyurl.com/y3pkxcvd from PacerMonitor.com free of charge.

             About Greenpoint Tactical Income Fund

Greenpoint Tactical Income Fund LLC is Wisconsin limited liability
company with its principal place of business in Madison, Wisconsin.
Greenpoint Tactical Income Fund is a private investment fund.  GP
Rare Earth Trading Account LLC is wholly owned subsidiary
of Greenpoint Tactical Income Fund. GP Rare Earth is the entity
that holds the gems and minerals.

Greenpoint Tactical Income Fund LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. E.D. Wis. Case No. 19-29613) on
Oct. 4, 2019.

At the time of filing, Greenpoint Tactical had estimated assets of
$100 million to $500 million and liabilities of $10 million to $50
million.  GP Rare Earth had estimated assets of $100 million to
$500 million and liabilities of $10 million to $50 million.

The Debtors tapped Steinhilber Swanson LLP as counsel; and
MorrisAnderson & Associates Ltd. as accountant/financial advisor.
Iavarone Law Firm P.C. and the Landsman Law Firm, LLC, have been
tapped as special counsel to initiate a lawsuit in Cook County,
Illinois, on behalf of GPTIF and against  Cigdem Lule, the
appraiser who conducted an appraisal of the gems and minerals in
connection with the Hallick Arbitration.



GRUPO AEROMEXICO: DrawsInitial Loan Under Tranche 1 DIP Financing
-----------------------------------------------------------------
Grupo Aeromexico, S.A.B. de C.V., announced Sept. 9, 2020, that as
a follow up to its previous relevant events dated August 13 and
August 19, pursuant to which Aeromexico disclosed, among other
matters, that

    (i) the H. Judge Shelley C. Chapman of the United States
Bankruptcy Court for the Southern District of New York (the
"Chapter 11 Court") authorized the commitment of US$1,000 million
senior secured superpriority multi-tranche debtor in possession
term loan facility (the "DIP Facility"), and

   (ii) subject to the entry of an order by the Chapter 11 Court
granting interim approval of the DIP Facility, which was entered on
Aug. 21 following the Aug. 19 interim hearing, and upon fulfillment
of other conditions precedent, US$100 million of the tranche 1
loans under the DIP Facility would be made available ("Initial
Disbursement"),

    the Company announced that the conditions for requesting the
Initial Disbursement (US$100 million of tranche 1 under the DIP
Facility) have been met, and the Company has received such funds
pursuant to the borrowing notice delivered to the administrative
agent under the DIP Facility on Sept. 4, 2020.  

The funding of the Initial Disbursement is a milestone in the
Company's financial restructuring process, which was initiated on
June 30, 2020.  Andres Conesa, CEO of Aeromexico, commented: "The
funding of the Initial Disbursement was a key milestone in the
ongoing restructuring process for Aeromexico, which will provide us
with liquidity to continue meeting our ongoing obligations in an
orderly fashion.  The future exercise of the additional funding
under the DIP Facility will support our continued operations during
the voluntary restructuring process.  We recognize and appreciate
the continuing support from our Board of Directors and all
stakeholders."

Upon the date of entry of an order by the Chapter 11 Court granting
final approval of the DIP Facility, which willoccur by the end of
September, and subject to fulfillment of other conditions set forth
in the DIP Facility, the undrawn portion of the tranche 1 facility
will be available in a single draw, and the tranche 2 loans will be
made available inan initial draw of US$175million, and, subject to
the fulfilment of certain additional conditions and milestones
under the definitive documentation for the DIP Facility, subsequent
draws in minimum amounts of US$100 million will be made available.


Aeromexico will continue pursuing, in an orderly manner, the
voluntary process of financial restructuring under the Chapter 11
process, while continuing to operate and offer services to its
customers and contracting from its suppliers the goods and services
required for operations.  The Company will continue to use the
advantages of the Chapter11 proceeding to strengthen its financial
position and liquidity, protect and preserve operations and assets,
and implement the necessary adjustments to manage the impact of
COVID-19.

                     About Grupo Aeromexico  

Grupo Aeromexico, S.A.B. de C.V. -- https://www.aeromexico.com/ --
is a holding company whose subsidiaries are engaged in commercial
aviation in Mexico and the promotion of passenger loyalty
programs.

Aeromexico, Mexico's global airline, has its main hub at Terminal 2
at the Mexico City International Airport. Its destinations network
features the United States, Canada, Central America, South America,
Asia and Europe.

Grupo Aeromexico and three of its subsidiaries sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 20-11563) on June 30,
2020.  In the petitions signed by CFO Ricardo Javier Sanchez Baker,
the Debtors reported consolidated assets and liabilities of $1
billion to $10 billion.

Timothy Graulich, Esq., of Davis Polk and Wardell LLP, serves as
counsel to the Debtors.



GUADALUPE REGIONAL MEDICAL CENTER: S&P Alters Outlook to Stable
---------------------------------------------------------------
S&P Global Ratings revised its outlook to stable from negative and
affirmed its 'BB' long-term rating on the Joint Guadalupe
County-City of Seguin Hospital Board of Managers, doing business as
Guadalupe Regional Medical Center (GRMC), Texas' series 2015
revenue refunding and improvement bonds.

"The outlook revision reflects stable operating results despite
strain due to the COVID-19 pandemic, demonstrating operating margin
and liquidity growth, coupled with declining; albeit still high,
leverage," said S&P Global Ratings credit analyst Alexander Nolan.


S&P initially revised the outlook to negative from stable on the
GRMC bond rating as part of a multiple credit rating action in
mid-April on credits that the rating agency believed were most
vulnerable to pressures related to the pandemic, specifically
speculative grade credits or those with less than 100 days' cash on
hand. S&P has since met with the management team and GRMC has
published its interim results for the third quarter of fiscal 2020,
ended June 30, 2020. While the deferral of non-emergent procedures
significantly impacted GRMC as well as the sector in its entirety,
the Coronavirus Aid, Relief, and Economic Security act funding GRMC
received was crucial in replacing revenues lost during this time
and helped stabilize operations. GRMC has received approximately
$16.4 million in stimulus funding, of which $7.5 million has been
recognized through the nine-month interim period ended June 30,
2020. Although certain profitable outpatient procedures as well as
emergency department volumes continue to lag behind the broader
recovery of utilization metrics, overall utilization metrics are at
or near 95% of gross charges, and S&P expects GRMC to stage a
healthy recovery through the remainder of fiscal 2020 and secure
above break-even operating margin as well as comparable debt
service coverage to the prior year.


GUARDIAN FINANCIAL: Gets CCAA Protection; KSV Named Monitor
-----------------------------------------------------------
The Ontario Superior Court of Justice made an order on Aug. 31,
2020:

   a) granting Guardian Financial Corp. and other entities listed
      on Schedule "A"protection pursuant to the Companies
Creditors
      Arrangement Act, including a stay of proceedings until and
      including Sept. 10, 2020;

   b) extending the Stay of Proceedings and certain other benefits
      and protections granted under the Initial Order to the
limited
      partnerships listed on Schedule "B"; and

   c) appointing KSV Restructuring Inc. as monitor of the CCAA
Debtors.

KSV was appointed the Information Officer of the United States
affiliates of the CCAA
Debtors.

The principal purpose of these restructuring proceedings is to
create a stabilized environment to allow the CCAA Debtors to
operate, including preventing the leases held by the CCAA Debtors
from being terminated, while the CCAA Debtors, in coordination with
the Chapter 11 Debtors, develop a plan to restructure the global
business of Regus Corporation and its affiliates.

A copy of the Initial Order and other materials filed in the
restructuring proceedings are available on the Monitor’s website
at
https://www.ksvadvisory.com/insolvency-cases/case/rgn-national-business-centers.

Should you wish to receive a copy of the Initial Order by mail,
please contact:

   Esther Mann
   KSV Restructuring Inc.
   150 King Street West, Suite 2308
   Toronto, Ontario, M5H 1J9
   Tel: 416-932-6009
   Fax: 416-932-6266
   Email: emann@ksvadvisory.com

Monitor can be reached at:

   KSV Advisory Inc.
   150 King Street West, Suite 2308, Box 42
   Toronto, ON M5H 1J9

   Bobby Kofman
   Tel: (416) 932-6228
   Email: bkofman@ksvadvisory.com

   Mitch Vininsky
   Email: mvininsky@ksvadvisory.com

Counsel to the Monitor:

   Bennett Jones LLP
   3400 One First Canadian Place
   P.O. Box 130
   Toronto, ON M5X 1A4

   Sean Zweig
   Tel: (416) 777-6254
   Email: zweigs@bennettjones.com

   Joshua Foster
   Tel: (416) 777-7906
   Email: fosterj@bennettjones.com

Canadian counsel to the Companies:

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

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

   Lee Nicholson
   Tel: (416) 869-5604
   Email: leenicholson@stikeman.com

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

U.S. counsel to the Companies:

   Faegre Drinker Biddle & Reath LLP
   311 S. Wacker Drive, Suite 4300
   Chicago, IL 60606

   James F. Conlan
   Email: james.conlan@faegredrinker.com

   Mike T. Gustafson
   Email: mike.gustafson@faegredrinker.com

U.S. counsel to the Companies:

   Faegre Drinker Biddle & Reath LLP
   222 Delaware Avenue, Suite 1410
   Wilmington, DE 19801

   Patrick A. Jackson
   Email patrick.jackson@faegredrinker.com
  
   Ian J. Bambrick
   Email ian.bambrick@faegredrinker.com

U.S. counsel to the Companies:

   Faegre Drinker Biddle & Reath LLP
   600 E. 96th Street, Suite 600
   Indianapolis, IN 46240

   Jay Jaffe
   Email: jay.jaffe@faegredrinker.com

U.S. counsel to the Companies:

   Faegre Drinker Biddle & Reath LLP
   7 Pilgrim Street
   London EC4V 6LB

   Raphaela Cotoulas
   Tel: 44 (0) 20-3405-3443
   Email: raphaela.cotoulas@faegredrinker.com

Guardian Financial Corp. -- https://www.guardianfinancecompany.com/
-- offers consumer financing services.  The Company provides
financing programs that include the purchase of indirect retail
sales contracts and direct consumer lending, and vehicle programs.


HAWAIIAN HOLDINGS: Provides Update on Recent Developments
---------------------------------------------------------
Hawaiian Holdings, Inc., provided an update on recent developments
as well as its outlook for the third quarter of 2020.

Update on Hawai'i quarantine

Due to increasing COVID-19 case counts on the island of O'ahu, on
Aug. 6, 2020, the Governor of the State of Hawai'i announced a
modified reinstatement of the 14-day quarantine requirement for
Neighbor Island travel effective Aug. 11, 2020.  This quarantine
requirement, which is expected to be in effect at least through
September, is imposed on all passengers traveling from the Island
of O'ahu to the counties of Maui, Kauai and Hawai'i.

On Aug. 20, 2020, the Governor of Hawai'i announced a delay to the
start of a program allowing travelers coming to Hawai'i to bypass
the quarantine requirement with proof of a negative COVID-19 test.
The quarantine bypass testing program start date has been delayed
from Sept. 1, 2020 to no earlier than Oct. 1, 2020.

Capacity update

The Company expects its capacity for the third quarter of 2020 to
be down approximately 87 percent compared to the same period last
year.  This figure is slightly lower than the previous forecast
provided on July 28, 2020 primarily due to the reduction of service
in its North America and Neighbor Island networks in response to
the reduced demand for air travel as a result of the government
actions highlighted above.

Liquidity update

The Company's cash position as of Aug. 31, 2020 was $997 million,
up from $761 million at the end of the second quarter.  Cash burn
during the months of July and August, excluding the impact of
Coronavirus Aid, Relief and Economic Security Act of 2020, new
financing and net sales, was approximately $2.9 million per day,
compared to its original estimate of $3.2 million per day.  The
improvement compared to forecast was mainly driven by the lower
level of operations and related voluntary adjustments to staffing.
Including the impact of net sales which was an inflow of $0.2
million per day, the Company's cash burn excluding CARES Act and
new financing was approximately $2.7 million per day during July
and August.  Assuming sales and refunds net to zero in September,
the Company estimates its cash burn, excluding CARES Act and new
financing, will be approximately $3.0 million per day for the third
quarter.

Demand outlook

For the third quarter through Aug. 31, 2020, flown passengers and
revenue passenger miles were approximately 87 percent and 96
percent below last year's levels respectively.  This trend is
expected to continue through the remainder of the third quarter.

CARES Act Economic Relief Program Loan

The Company received confirmation from the U. S. Department of
Treasury that its allocation of the CARES Act Economic Relief
Program ("ERP") loan funds increased from $364 million to $420
million.  The Company has until September 30, 2020 to determine if
it will draw any portion of the available ERP loan amount.

                      About Hawaiian Holdings

Hawaiian Holdings, Inc.'s primary asset is sole ownership of all
issued and outstanding shares of common stock of Hawaiian Airlines,
Inc.  The Company is engaged in the scheduled air transportation of
passengers and cargo amongst the Hawaiian Islands (the Neighbor
Island routes) and between the Hawaiian Islands and certain cities
in the United States (the North America routes together with the
Neighbor Island routes, the Domestic routes), and between the
Hawaiian Islands and the South Pacific, Australia, New Zealand and
Asia (the International routes), collectively referred to as its
Scheduled Operations. The Company offers non-stop service to
Hawai'i from more U.S. gateway cities (13) than any other airline,
and also provide approximately 170 daily flights between the
Hawaiian Islands. In addition, the Company operates various charter
flights.

As of June 30, 2020, the Company had $3.99 billion in total assets,
$1.04 billion in current liabilities, $792.77 million in long-term
debt, $1.34 billion in total other liabilities and deferred
credits, and total shareholders' equity of $825.93 million.

                          *     *     *

As reported by the TCR on July 17, 2020, S&P Global Ratings lowered
all ratings on Hawaiian Holdings Inc., including lowering the
issuer credit rating to 'CCC+' from 'B', and removed them from
CreditWatch, where it placed them with negative implications on
March 13, 2020.  S&P expects Hawaiian to generate a significant
cash flow deficit in 2020 because of COVID-19's impact on air
travel.


HMONG EDUCATION: S&P Rates Lease Bonds 'BB+'
--------------------------------------------
S&P Global Ratings assigned its 'BB+' long-term rating to Hmong
Education Reform Co. (HERC), Minn.'s $33 million series 2020
charter school lease revenue and refunding bonds, issued on behalf
of Hmong College Prep Academy (HCPA). At the same time, S&P Global
Ratings affirmed its 'BB+' long-term rating on the St. Paul Housing
and Redevelopment Authority's series 2016A and 2016B lease revenue
bonds issued on behalf of HERC. The outlook is stable.

The series 2020 bond proceeds will be used primarily for
constructing a middle school, gymnasium, and skyway to connect
adjacent campus buildings. Additionally, proceeds would be used to
refund the 2012 bonds outstanding in the amount of $16.9million.

"The rating reflects our view of HCPA's significant enrollment
growth, consistently positive operating results, robust liquidity,
location in a state that supports charter schools and provides
lease aid of approximately 90% of debt, and good relationship with
the charter authorizer," said S&P Global Ratings credit analyst
David Holmes.

The stable outlook reflects S&P's expectation that during the
outlook period, the academy will complete its construction projects
successfully with no additional cost overruns beyond what
management has reported, produce positive operations on a
full-accrual basis such that it maintains lease-adjusted maximum
annual debt service coverage at levels commensurate with the
rating, and maintains sufficient liquidity to help offset its
leveraged debt profile.

In S&P's view HCPA is exposed to elevated health and safety social
risk given the recession's impact related to the COVID-19 pandemic
on state funding and the school's dependency on state revenue.
Despite the elevated social risk, S&P believes the school's
environmental and governance risk are in line with the rating
agency's view of the sector as a whole.


HOLOGIC INC: Moody's Hikes CFR to Ba1, Outlook Stable
-----------------------------------------------------
Moody's Investors Service upgraded Hologic, Inc.'s Corporate Family
Rating to Ba1 from Ba2 and Probability of Default Rating (PDR) to
Ba1-PD from Ba2-PD. Moody's also upgraded the rating of the
company's senior secured debt to Baa3 and unsecured notes to Ba2.
The company's Speculative Grade Liquidity Rating remains unchanged
at SGL-1. The outlook is stable.

"The rating upgrade reflects an improvement in Hologic's financial
metrics and Moody's expectation that financial leverage will
continue to remain moderate even during the coronavirus pandemic,"
stated Kailash Chhaya, Moody's Vice President and the Lead Analyst
for Hologic. "This will be enabled by the company's business
diversity and the recurring nature of a significant portion of
revenue", continued Chhaya.

A surge in revenues from the company's COVID-19 tests in its
molecular diagnostics business will more than offset
pandemic-related slowdown in the women's health and skeletal
businesses. While COVID related revenue will eventually wane,
Hologic is likely to benefit from an increase in the installed base
of its Panther systems even after the pandemic ebbs. Moody's
expects that the company will maintain a high level of financial
flexibility, with strong liquidity and annual free cash flow in
excess of $500 million. The upgrade also reflects Moody's
expectation that Hologic will continue to balance creditor and
shareholder interests, refraining from large debt funded
acquisitions or shareholder returns. Moody's expects tuck-in
acquisitions and share repurchases to largely be funded with free
cash flow. This will enable adjusted debt/EBITDA to generally be
maintained below 3.0x.

Ratings upgraded:

Issuer: Hologic, Inc.

Corporate Family Rating upgraded to Ba1 from Ba2

Probability of Default Rating upgraded to Ba1-PD from Ba2-PD

$1.5 billion senior secured revolving credit facility expiring 2023
upgraded to Baa3 (LGD3) from Ba1 (LGD3)

$1.5 billion senior secured term loan due 2023 upgraded to Baa3
(LGD3) from Ba1 (LGD3)

$950 million unsecured global notes due 2025 upgraded to Ba2 (LGD5)
from Ba3 (LGD5)

$400 million unsecured global notes due 2028 upgraded to Ba2 (LGD5)
from Ba3 (LGD5)

Outlook action:

The outlook changed to stable from positive.

Speculative Grade Liquidity rating remains unchanged at SGL-1

RATINGS RATIONALE

Hologic's Ba1 CFR rating reflects its good scale, leading market
positions within its core franchises and good revenue diversity by
product and customer. The rating is also supported by the recurring
nature of a significant proportion of the company's revenues which
are generated from service contracts and consumables. Further, the
company generates good free cash flow, has strong interest coverage
and has moderate financial leverage. Moody's estimates that the
company's adjusted debt to EBITDA was approximately 3.0x for the
twelve months ended June 30, 2020.

The rating is constrained by Hologic's exposure to general medical
utilization trends and hospital capital equipment spending,
particularly in the US. The company's rating is also constrained by
industry-wide challenges including customer pricing pressure as
well as payors' increased focus on value-based healthcare. The
ratings are also constrained by technology obsolescence risk and
competition by much larger medical products companies, requiring
Hologic to constantly invest in innovation in order to remain
competitive.

Hologic's SGL-1 Speculative Grade Liquidity Rating reflects Moody's
expectation for very good liquidity over the next 12-18 months.
This is supported by healthy cash balances and Moody's expectation
of annual free cash flow in excess of $500 million. That level of
free cash flow will be more than sufficient to satisfy Hologic's
modest debt maturities and other cash needs. The company does not
pay dividends but does opportunistically repurchase its own shares
using internal cash.

The stable rating outlook reflects Moody's view that Hologic will
continue to increase its scale by sustaining low to
mid-single-digit organic growth and tuck-in acquisitions. The
outlook also reflects Moody's expectation that Hologic will refrain
from making significant acquisitions or outsized share
repurchases.

Environmental risks across medical device companies are relatively
low with respect to air, water and soil pollution, water shortages
and carbon regulation. Medical device companies face moderate
social risk primarily related to responsible production and
satisfactorily responding to social and demographic trends. For
Hologic, the social risks are moderate and are primarily associated
with responsible production including compliance with regulatory
requirements for the safety of medical devices as well as adverse
reputational risks arising from recalls associated with
manufacturing defects. With respect to governance, Hologic has
expressed commitment to balance its shareholders' interest with
that of debtholders'.

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

Moody's could upgrade the ratings if Hologic can sustain revenue
growth and maintain profitability such that adjusted debt to EBITDA
declines below 2.5 times. Declining reliance on the more cyclical
capital equipment portion of its business and maintaining a
conservative financial policy could also support an upgrade.

Moody's could downgrade the ratings if the company's operating
performance weakens significantly or if it executes material
debt-funded acquisition and/or share repurchases that result in
debt to EBITDA being sustained above 3.5 times.

The principal methodology used in these ratings was Medical Product
and Device Industry published in June 2017.

Hologic, Inc. (Hologic; NASDAQ: HOLX) is a leading developer,
manufacturer and supplier of premium diagnostic products, medical
imaging systems and surgical products with an emphasis on women's
health. The company's core business units focus on the areas of
molecular diagnostics, breast health, gynecological surgical, and
skeletal health. Revenues for the last twelve months were
approximately $3.4 billion.


HOWMET AEROSPACE: S&P Lowers ICR to 'BB+'; Outlook Negative
-----------------------------------------------------------
S&P Global Ratings lowered its ratings on Howmet Aerospace Inc.,
including its issuer credit and short-term ratings to 'BB+/B' from
'BBB-/A-3'. At the same time, S&P lowered its rating on the
company's unsecured debt to 'BB+' from 'BBB-' and assigned a '3'
recovery rating, which reflects its expectation for meaningful
recovery (50%-70%, rounded estimate: 50%) in a default scenario.
Lastly, S&P lowered its rating on the company's preferred stock to
'BB-' from 'BB'.

The negative outlook reflects that there is further downside to
credit metrics if build rates decline further, the company is not
able to preserve margins, or other end markets do not recover as
expected.

S&P expects Howmet's credit metrics to weaken as a result of lower
volumes.  Howmet's commercial aerospace revenue, which totaled
about 50% of pre-pandemic revenue, will be significantly lower in
2020 as a result of the coronavirus pandemic. Demand from its
commercial aerospace OEM customers, including aircraft
manufacturers Boeing Co. and Airbus SE and engine manufacturers
General Electric Co., Pratt & Whitney, and Rolls Royce, will
decline as they reduce build rates because of airline order
deferrals and cancellations. Boeing has further reduced build rates
for the 787, delayed the launch of the 777X, and will only resume
737 MAX production at a low rate. Airbus reduced build rates by
30%-40% across all platforms. Commercial aftermarket demand has
also declined significantly because of the sharp decline in air
traffic. S&P now expects 2020 funds from operations (FFO) to debt
to be in the 10%-14% range and to only improve slightly in 2021 to
12%-16% as volumes remain depressed. This compares to S&P's
previous forecast of 15%-19% in 2020 and 26%-30% in 2021.

Environmental, social, and governance (ESG) factors relevant to the
rating action:

-- Health and Safety

"The negative outlook reflects our expectations that credit metrics
could be weaker than we forecast in 2021 due to an extended effect
from the coronavirus pandemic resulting in continued lower
commercial aircraft build rates and margins weakening with lower
volumes. We now expect FFO to debt to weaken to 10%-14% in 2020 and
12%-16% in 2021," S&P said.

S&P could lower the rating over the next 12-24 months if FFO to
debt is still below 15% in 2021 and the rating agency doesn't
expect it to improve. This would likely be the result of:

-- Sustained lower demand for commercial aircraft platforms
because of the coronavirus;

-- The company being unsuccessful in cutting costs to match lower
volumes; or

-- The company acts more aggressively with its financial policy
than S&P expects.

S&P could revise the outlook back to stable over the next 12-24
months if it believed FFO to debt would recover to above 15% and
the rating agency expected it to remain there, while free operating
cash flow to debt remains at least 5%. This would likely be due
to:

-- Effective cost reductions; or
-- OEMs increasing build rates at a quicker pace.


HRI HOLDING: 1200 Harbor Steps Down as Committee Member
-------------------------------------------------------
The Office of the U.S. Trustee for Regions 3 and 9 announced the
resignation of 1200 Harbor Boulevard, LLC from the official
committee of unsecured creditors in the Chapter 11 case of HRI
Holding Corp.

The remaining members of the official committee of unsecured
creditors are:

     (1) Edward Don & Company
         Attn: John Fahey
         9801 Adam Don Parkway
         Woodridge, IL 60517
         Phone: 708-883-8362
         Fax: 866-299-3038   

     (2) ADR Parc, LP
         c/o Allan Domb Real Estate
         Attn: Allan Domb
         1845 Walnut St., Suite 2200
         Philadelphia, PA 19103
         Phone: 215-545-1500
         Fax: 226-3662

     (3) Brookfield Property REIT Inc.
         Attn: Julie Minnick Bowden
         350 N. Orleans St., Suite 300
         Chicago, IL 60654
         Phone: 312-960-2707
         Fax: 312-442-6374

     (4) Washington Prime Group Inc.
         Attn: Stephen Ifeduba
         180 West Broad Street
         Columbus, OH 43215
         Phone: 614-621-9000
         Fax: 614-621-8863

                      About HRI Holding Corp.

Formed in September 1992 under the name "Gilbert/Robinson, Inc.,"
and headquartered in Leawood, Kansas, HRI Holding Corp. and its
affiliated debtors own and operate 47 restaurants in 14 states
(Connecticut, Florida, Illinois, Indiana, Kansas, Michigan,
Missouri, Nebraska, New Jersey, New York, Ohio, Pennsylvania,
Texas, and Virginia).  Debtors own Houlihan's Restaurant + Bar, J.
Gilbert's Wood-Fired Steak + Seafood, Bristol Seafood Grill, and
Devon Seafood Grill restaurants.  As of the petition date, Debtors
had 3,450 employees.

HRI Holding and its affiliates sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-12415) on
Nov. 14, 2019.  At the time of the filing, Debtors disclosed assets
of between $50 million and $100 million and liabilities of the same
range.

Debtors have tapped Landis Rath & Cobb, LLP as legal counsel, Piper
Jaffray & Co. as investment banker, Hilco Real Estate LLC as real
estate advisor, and Kurtzman Carson Consultants, LLC as claims and
noticing agent and administrative agent.

Andrew Vara, acting U.S. trustee for Region 3, appointeda a
committee of unsecured creditors on Nov. 22, 2019.  The committee
is represented by Kelley Drye & Warren, LLP.


HUDBAY MINERALS: S&P Rates New US$500MM Senior Unsecured Notes 'B'
------------------------------------------------------------------
S&P Global Ratings said it assigned its 'B' issue-level rating and
'3' recovery rating to HudBay Minerals Inc.'s proposed US$500
million senior unsecured notes. The '3' recovery rating on the
notes indicates its expectation for meaningful (50%-70%; rounded
estimate: 65%) recovery in the event of default.

The company will use the net proceeds primarily to refinance its
7.25% US$400 million unsecured notes due January 2023 and the
balance for general corporate purposes. The proposed notes will
rank pari passu with HudBay's other existing senior unsecured
notes.

S&P's 'B' long-term issuer credit rating and negative outlook on
HudBay are unchanged. The company is benefiting from the current
strength in metal prices, which are above S&P's assumption for the
year. In addition, HudBay's Constancia mine in Peru--the largest
share of earnings and cash flow generation for the company--is also
back to full production following the suspension of operations
directly related to the COVID-19 pandemic. However, S&P assumes
HudBay's credit measures will be weak for the rating this year,
including adjusted debt-to-EBITDA above 6x (based on the rating
agency's assumptions of an average copper price of US$2.67 per
pound, average zinc price of 91 U.S. cents per pound, and average
gold price of US$1,650 per ounce for the rest of 2020). S&P lowered
its production expectation from Constancia for 2020, which is
consistent with the company's guidance. In addition, S&P's debt
adjustments include HudBay's recently completed gold pre-pay
transaction (US$115 million).

S&P forecasts an improvement in HudBay's leverage to close to 5x in
2021, which includes higher copper and gold output mainly from
Pampacancha. In addition, the company's liquidity position of
US$390 million in cash and US$290 million in availability under the
revolver provide HudBay financial flexibility to support its growth
initiatives, namely the ramp-up of Pampacancha in Peru and the New
Britannia mill refurbishment in Manitoba. However, S&P's rating and
outlook incorporate the risk of further potential COVID-19-related
operating disruptions at Constancia.

"In our view, lower-than-expected copper production or execution
risk associated with the aforementioned projects are key risks to
HudBay's credit measures and liquidity," S&P said.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- The '3' recovery rating on HudBay's senior unsecured debt
indicates S&P's expectation for meaningful (50%-70%; rounded
estimate: 65%) recovery in the event of default.

-- S&P values the company as a going concern in its simulated
default scenario using a 5x multiple (consistent with that of
peers) of its projected emergence EBITDA, which approximates
HudBay's estimated fixed charges in the simulated default year and
represents persistent weakness in base metal prices and a
significant decline from the company's 2019 EBITDA.

-- S&P assumes the company's recently amended corporate revolver
is 85% drawn in the default year, net of estimated letters of
credit.

-- S&P assumes revolver claims are fully covered, with proposed
unsecured noteholders having a claim on the remaining estimated
value of the company (the rating agency does not include a claim
related to HudBay's precious metals stream agreements because it
assumes the agreements will continue to be funded through the
simulated restructuring).

Simulated default assumptions

-- Simulated year of default: 2023
-- EBITDA at emergence: US$211 million
-- EBITDA multiple: 5x

Simplified waterfall

-- Net enterprise value (after 5% administrative costs): US$1.0
billion

-- Secured first-lien debt claims: US$244 million

-- Recovery expectations: Not applicable

-- Total value available to unsecured debt claims: US$760 million

-- Senior unsecured debt and pari passu claims: US$1.14 billion

-- Recovery expectations: 50%-70% (rounded estimate: 65%)

All debt amounts include six months of prepetition interest, and
claims and debt amounts are rounded.



HUMANIGEN INC: Incurs $24 Million Net Loss in Second Quarter
------------------------------------------------------------
Humanigen, Inc., filed with the Securities and Exchange Commission
its Quarterly Report on Form 10-Q disclosing a net loss of $24.02
million for the three months ended June 30, 2020, compared to a net
loss of $3.34 million for the three months ended June 30, 2019.

For the six months ended June 30, 2020, the Company reported a net
loss of $26.49 million compared to a net loss of $5.88 million for
the same period last year.

As of June 30, 2020, the Company had $42.57 million in total
assets, $10.97 million in total liabilities, and $31.60 million in
total stockholders' equity.

The Condensed Consolidated Financial Statements for the three and
six months ended June 30, 2020 were prepared on the basis of a
going concern, which contemplates that the Company will be able to
realize assets and discharge liabilities in the normal course of
business.  However, the Company has incurred net losses since its
inception and has negative operating cash flows.  These conditions,
the Company said, raise substantial doubt about the Company's
ability to continue as a going concern.

A full-text copy of the Form 10-Q is available for free at:

https://www.sec.gov/Archives/edgar/data/1293310/000121465920007189/h81020310q.htm

                         About Humanigen

Based in Brisbane, California, Humanigen, Inc. (OTCQB: HGEN),
formerly known as KaloBios Pharmaceuticals, Inc. --
http://www.humanigen.com-- is a biopharmaceutical company pursuing
cutting-edge science to develop its proprietary monoclonal
antibodies for immunotherapy and oncology treatments. Derived from
the company's Humaneered platform, lenzilumab and ifabotuzumab are
lead compounds in the portfolio of monoclonal antibodies with
first-in-class mechanisms.  Lenzilumab, which neutralizes human
GM-CSF, is in development as a potential biologic therapy to make
CAR-T therapy safer and more effective, as well as a potential
treatment for hematologic cancers.  Ifabotuzumab, which targets the
Eph type-A receptor 3 (EphA3), is being explored as a potential
treatment for a range of solid tumors, as well as a backbone for a
novel CAR-T construct, and a bispecific antibody platform.  HGEN005
which selectively targets the eosinophil receptor EMR1 is being
explored as a potential treatment for a range of eosinophilic
diseases including eosinophilic leukemia both as an optimized naked
antibody and as the backbone for a novel CAR-T construct.

Humanigen reported a net loss of $10.29 million for the 12 months
ended Dec. 31, 2019, compared to a net loss of $12 million for the
12 months ended Dec. 31, 2018.  As of June 30, 2020, the Company
had $42.57 million in total assets, $10.97 million in total
liabilities, and $31.60 million in total stockholders' equity.

Horne LLP, in Ridgeland, Mississippi, the Company's auditor since
2016, issued a "going concern" qualification in its report dated
March 16, 2020, citing that the Company has suffered recurring
losses from operations and its total liabilities exceed its total
assets.  This raises substantial doubt about the Company's ability
to continue as a going concern.


HUMANIGEN INC: Reverse Stock Split Took Effect on Sept. 11
----------------------------------------------------------
As previously reported, on July 27, 2020, the Board of Directors
of Humanigen, Inc. unanimously approved and recommended, and on
July 29, 2020, certain stockholders of the Company owning as of
July 29, 2020 approximately 63% of the Company's outstanding common
stock, par value $0.001 per share, approved (1) an amendment to
Article IV of the Company's Amended and Restated Certificate of
Incorporation, as amended, to give the Board the discretion to
effect a reverse stock split whereby each outstanding 2, 3, 4, 5,
6, 7, 8, 9 or 10 shares of Common Stock may be combined, converted
and changed into one share of Common Stock, subject to final
approval of the Board of the ratio and timing for completion of any
reverse stock split, and (2) the Humanigen, Inc. 2020 Omnibus
Incentive Compensation Plan.

Also as previously reported, on Sept. 4, 2020, the Company
announced that the Board determined to effect a reverse stock split
at a ratio of 1-for-5.  The Reverse Stock Split became effective as
of 4:30 p.m. Eastern time, on Sept. 11, 2020.

The Plan became effective following the effective time of the
Reverse Stock Split.  As previously reported, in connection with
the Reverse Stock Split and the Split Ratio, the Board approved a
proportionate adjustment in the number of shares reserved for
issuance under the Plan.  As a result, 7,000,000 shares of Common
Stock have been reserved for issuance under the Plan.  All other
material terms of the Plan remain unchanged from those described in
the Company's definitive information statement filed with the
Securities and Exchange Commission on Aug. 14, 2020.

In addition, at the effective time of the Reverse Stock Split,
proportionate adjustments were made (1) to the number of shares
covered by certain stock option awards proposed to be granted to
newly appointed executive officers of the Company pursuant to the
terms of their employment agreements, and (2) to the number of
shares covered by, and the exercise price applicable to, each
outstanding stock option award under the Humanigen, Inc. 2012
Equity Incentive Plan, in each case to give effect to the Split
Ratio and the Reverse Stock Split.
  
Effective as of 4:30 p.m. Eastern Time on Sept. 11, 2020, a
Certificate of Amendment to the Charter became effective to effect
the Reverse Stock Split.

In accordance with the Charter Amendment, at the Effective Time,
each holder of Common Stock had its ownership adjusted to reflect
ownership of one share of Common Stock for every five shares of
Common Stock held immediately prior to the Effective Time.  The par
value per share and other terms of the Common Stock were not
affected by the Reverse Stock Split, and the number of authorized
shares of Common Stock will remain at 225,000,000.  Trading in the
common stock will continue under the symbol "HGEN" but, following
the Effective Time, the CUSIP number for the Common Stock has
changed to 444863 104.

No fractional shares were issued in connection with the Reverse
Stock Split.  Stockholders of record otherwise entitled to receive
fractional shares of Common Stock will receive cash (without
interest or deduction) in lieu of such fractional share interests,
in an amount equal to the proceeds attributable to the sale of such
fractional shares following the aggregation and sale by the
Company's transfer agent of all fractional shares otherwise
issuable.  Computershare Trust Company, N.A., the Company's
transfer agent, is acting as the exchange agent for the Reverse
Stock Split.

                         About Humanigen

Based in Brisbane, California, Humanigen, Inc. (OTCQB: HGEN),
formerly known as KaloBios Pharmaceuticals, Inc. --
http://www.humanigen.com-- is a biopharmaceutical company pursuing
cutting-edge science to develop its proprietary monoclonal
antibodies for immunotherapy and oncology treatments. Derived from
the company's Humaneered platform, lenzilumab and ifabotuzumab are
lead compounds in the portfolio of monoclonal antibodies with
first-in-class mechanisms.  Lenzilumab, which neutralizes human
GM-CSF, is in development as a potential biologic therapy to make
CAR-T therapy safer and more effective, as well as a potential
treatment for hematologic cancers. Ifabotuzumab, which targets the
Eph type-A receptor 3 (EphA3), is being explored as a potential
treatment for a range of solid tumors, as well as a backbone for a
novel CAR-T construct, and a bispecific antibody platform.  HGEN005
which selectively targets the eosinophil receptor EMR1 is being
explored as a potential treatment for a range of eosinophilic
diseases including eosinophilic leukemia both as an optimized naked
antibody and as the backbone for a novel CAR-T construct.

Humanigen reported a net loss of $10.29 million for the 12 months
ended Dec. 31, 2019, compared to a net loss of $12 million for the
12 months ended Dec. 31, 2018.  As of June 30, 2020, the Company
had $42.57 million in total assets, $10.97 million in total
liabilities, and $31.60 million in total stockholders' equity.

Horne LLP, in Ridgeland, Mississippi, the Company's auditor since
2016, issued a "going concern" qualification in its report dated
March 16, 2020, citing that the Company has suffered recurring
losses from operations and its total liabilities exceed its total
assets.  This raises substantial doubt about the Company's ability
to continue as a going concern.


ISRAEL BAPTIST: Row Homes Buying Baltimore Properties for $15K
--------------------------------------------------------------
Israel Baptist Church of Baltimore City asks U.S. Bankruptcy Court
for the District of Maryland to authorize the private sale of the
real properties known as 2024 and 2028 E. Preston Street,
Baltimore, Maryland to Row Homes, LLC for $15,000, subject to
higher and better offers.

The Debtor was founded and organized in 1891, then incorporated in
1898.  In 1952, the congregation marched to their present location
at Preston and Chester Streets.

Evangelical Christian Credit Union, who holds the mortgage against
the Debtor's primary real estate, scheduled a foreclosure auction
for March 27, 2020 after the term of the loan expired.  The Debtor
was in the process of refinancing the mortgage with another lender,
but was not able to do so prior to the scheduled auction, due in
part to the economic and social effects of the ongoing pandemic
resulting from the outbreak of the novel coronavirus, COVID-19;
including, a resulting decrease in the attendance and financial
support of the Debtor's congregation.  Accordingly, the Debtor was
forced to file the instant bankruptcy petition.

Among the Debtor's assets as of the Petition Date was fee simple
interests in the Properties.  The tax assessment values of the
Properties are $4,000 each, and those amounts were used to schedule
the values of the Properties by the Debtor.  There are no known
encumbrances against the Properties.  No formal appraisal of the
Properties has been obtained by the Debtor.

On July 29, 2020, the Debtor received and accepted a bona fide
offer of $15,000 from the Purchaser, subject to Bankruptcy Court
approval, to purchase the Properties.  The Purchaser has paid a
$1,000 good faith deposit.  It has executed the Residential
Contract of Sale.

The Debtor believes the Purchase Offer is the highest and best
offer it can expect for the Properties.  The Purchase Offer is an
arms'-length transaction, negotiated in good faith.

Simultaneously with the Motion, the Debtor is filing a Notice of
the proposed sale of the Properties in accordance with Local
Bankruptcy Rule 6004-1.

A copy of the Contract is available at https://tinyurl.com/y4gs7cmn
from PacerMonitor.com free of charge.

           About Israel Baptist Church of Baltimore City

Israel Baptist Church of Baltimore City --
http://israelbaptist.org/-- is a tax-exempt religious
organization.  The Church was founded and organized in 1891.

Israel Baptist Church of Baltimore City filed a petition under
Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No. 20-13857)
on March 26, 2020. In the petition signed by Ernest Ford, chair,
Board of Trustees, the Debtor estimated $1 million to $10 million
in both assets and liabilities.  Alan M. Grochal, Esq., at Tydings
& Rosenberg LLP, represents the Debtor.


J AND H CONSTRUCTION: 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 J and H Construction of Cookeville Inc.
  
             About J and H Construction of Cookeville

J and H Construction of Cookeville Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Tenn. Case No.
20-03734) on Aug. 11, 2020.  At the time of the filing, Debtor had
estimated assets of between $100,001 and $500,000 and liabilities
of between $500,001 and $1 million.  Judge Charles M. Walker
oversees the case.  Lefkovitz & Lefkovitz is the Debtor's legal
counsel.


J.C PENNEY: $1.75-Bil. With Brookfield/Simon to Lead Sale Process
-----------------------------------------------------------------
J.C. Penney Company, Inc. (OTCMKTS: JCPNQ) announced Sept. 9, 2020,
that it has reached an agreement in principle to sell JCPenney
through a court-supervised sale process. The Company plans to seek
approval of a disclosure statement and, ultimately, confirmation of
a plan of reorganization in parallel with the sale process. Related
to the sale process, JCPenney expects to execute a "stalking horse"
asset purchase agreement ("APA"), which will track an executed
letter of intent, outlining the following:

  * Brookfield Property Group and Simon Property Group intend to
acquire substantially all of JCPenney's retail and operating assets
for $1.75 billion, which includes a combination of cash and new
term loan debt.

  * The agreement contemplates the formation of a separate real
estate investment trust and a property holding company ("PropCos"),
which will include 161 of the Company's real estate assets and all
of its owned distribution centers.  The PropCos will be owned by
the Company's Ad Hoc Group of First Lien Lenders ("First Lien
Lenders").

  * The OpCo and PropCos will enter into a master lease with
respect to the properties and distribution centers moved into the
PropCos.

"We have determined that an agreement with Brookfield and Simon, as
well as the formation of separate real estate investment trusts
owned by our First Lien Lenders, is the best path forward to
maximize value for our stakeholders, ensure we keep the most stores
open and associates employed, and position JCPenney to build on our
over 100-year history," said Jill Soltau, chief executive officer
of JCPenney.  "The interest in our operations reflects our
Company’s strength and our loyal customer base. It is a testament
to the hard work and dedication of our talented associates and the
progress we have made in implementing our Plan for Renewal to Offer
Compelling Merchandise, Drive Traffic, Deliver an Engaging
Experience, Fuel Growth, and Build a Results-Minded Culture."

Ms. Soltau continued, "As we continue to move through the sale
process, our focus will remain on serving our customers and working
seamlessly with our vendor partners. We have been a trusted partner
to all of our stakeholders since 1902, and we expect to continue
that track record for decades to come under the JCPenney banner."

Upon the execution of the APA, the agreement will be binding on
Brookfield, Simon, and the First Lien Lenders. JCPenney intends to
file a motion seeking authorization from the U.S. Bankruptcy Court
for the Southern District of Texas to conduct an auction pursuant
to Section 363 of U.S. Bankruptcy Code.  Accordingly, the motion is
expected to set out the proposed bidding procedures for the
auction, with Brookfield, Simon, and the First Lien Lenders serving
as the "stalking horse bidder," designed to achieve the highest or
otherwise best offer for the benefit of JCPenney’s stakeholders.

It is anticipated that the Company will complete the auction and
emerge from the Court-supervised process operating under the
JCPenney banner in advance of the 2020 holiday season.

                      About JC Penney Co.

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

On May 15, 2020, J.C. Penney announced that it entered into a
restructuring support agreement with lenders holding 70 percent of
its 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, J.C. Penney and its affiliates filed voluntary petitions for
reorganization under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Tex. Lead Case No. 20-20182) on May 15, 2020.

The Debtors tapped Kirkland & Ellis LLP and Jackson Walker LLP as
their legal counsel, Lazard Freres & Co. LLC as investment banker,
AlixPartners LLP as financial advisor, and Katten Muchin Rosenman
LLP as special counsel.  Prime Clerk is the claims agent.

Henry Hobbs Jr., acting U.S. trustee for Region 7, appointed a
committee to represent unsecured creditors in Debtors' Chapter 11
cases.  The committee has tapped Cole Schotz P.C. and Cooley LLP as
its legal counsel, Jefferies LLC as investment banker, and FTI
Consulting, Inc. as financial advisor.

Katten Muchin Rosenman, LLP and Goldin Associates, LLC serve as
legal counsel and financial advisor for Alan Carr and Steve
Panagos, respectively, who were elected independent directors of
J.C. Penney's board of directors on May 1, 2020.







JC PENNEY: Opposes Bid to Appoint Equity Committee
--------------------------------------------------
J. C. Penney Company Inc. asked the U.S. Bankruptcy Court for the
Southern District of Texas to deny the motion filed by the ad hoc
committee of equity interest holders, which seeks to be recognized
as the official equity committee in the company's Chapter 11 case.

The company's attorney, Matthew Cavenaugh, Esq., at Jackson Walker
LLP, said the appointment of an official equity committee "would
not add anything of value" to the case and that the company has
already funded $250,000 "to help give the shareholders a voice."

"While the ultimate result for stakeholders here will be driven by
the outcome of the ongoing, public market process, the debtors
expect that shareholders will continue to advocate for themselves,
just as the debtors and official committee of unsecured creditors
advocate for all junior stakeholders," Mr. Cavenaugh said in court
papers.

"If the [ad hoc committee] ultimately succeeds in achieving a
recovery for shareholders, it may seek additional compensation for
making a substantial contribution. In the interim, however, there
is no reason to require the Debtors and their lenders to fund an
additional committee," Mr. Cavenaugh further said.

The motion also drew opposition from the official committee of
unsecured creditors.  The committee said the ad hoc committee "has
not met its heavy burden of demonstrating the likelihood of a
meaningful return to equity."

                         About JC 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).

Debtors have tapped Kirkland & Ellis LLP and Jackson Walker LLP as
their legal counsel, Lazard Freres & Co. LLC as investment banker,
AlixPartners LLP as financial advisor, and Katten Muchin Rosenman
LLP as special counsel.  Prime Clerk is the claims agent,
maintaining the page http://cases.primeclerk.com/JCPenney   

The Office of the U.S. Trustee appointed a committee to represent
unsecured creditors in Debtors' Chapter 11 cases.  The committee
has tapped Cole Schotz P.C. and Cooley LLP as its legal counsel,
Jefferies LLC as investment banker, and FTI Consulting, Inc. as
financial advisor.


JOSEPH E. POLE: $1.25M Sale of Mesa Property to Child Crisis Okayed
-------------------------------------------------------------------
Judge Eddward P. Ballinger Jr. of the U.S. Bankruptcy Court for the
District of Arizona authorized Joseph E. Pole's sale of 60%
interest in the commercial properties located at 804 and 828 N.
Country Club Drive, Mesa, Arizona to Child Crisis Arizona for $1.25
million.

The sale is free and clear from all liens, claims and interests,
including without limitation those liens, claims and interests
listed on Exhibit B.

The offer of Purchaser is approved as the highest and best offer
for the sale of the Property, and the Purchaser is approved as the
purchaser of the Property.  In connection therewith, the Purchaser
will close escrow in accordance with the terms and provisions of
the Purchase Contract and the Order and the sale will close by
Sept. 15, 2020, unless otherwise extended by agreement of the
Seller and the Buyer.

Commonwealth Land Title Insurance Co. NCS is directed to close
escrow on the sale of the Property in accordance with the terms and
conditions of the Purchase Contract and the Order, to satisfy, from
the sale proceeds, the seller's liens and taxes and to disburse the
sale proceeds to the Debtor and to Johnny Pole in their respective
proportions and to also remit to Johnny Pole the $20,000 as
described.

The Debtor is authorized and directed to execute such other and
further documents and to incur all costs and expenses as are
reasonably necessary to effectuate and implement the sale of the
Property and the terms and conditions of the Order.

The 14-day stay pursuant to Fed.R.Bankr.P. 6004(h) is waived.

The Order is a final order pursuant to Fed. R. Bankr. P. 8001.

A copy of the Agreement and Exhibit B is available at
https://tinyurl.com/y2hvy795 from PacerMonitor.com free of charge.

Joseph E. Pole sought Chapter 11 protection (Bankr. D. Ariz. Case
No. 16-11522) on Oct. 6, 2016.  The Debtor tapped Dean William
O'Connor, Esq., at Dean W. O'Connor PLLC, as counsel.


KANG FAMILY: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case of
Kang Family Entertainment Inc., according to court dockets.
    
                  About Kang Family Entertainment

Kang Family Entertainment, Inc., a Fort Launderdale, Fla.-based
entertainment services provider, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 20-18190) on July
29, 2020.  At the time of the filing, Debtor estimated assets of
between $100,001 and $500,000 and liabilities of between $100,001
and $500,000.  Judge Erik P. Kimball oversees the case.  Van Horn
Law Group, P.A. is Debtor's legal counsel.



KEN GARFF: S&P Affirms 'B+' ICR, Alters Outlook to Stable
---------------------------------------------------------
S&P Global Ratings affirmed its 'B+' issuer credit rating on Ken
Garff Automotive LLC and assigned its 'B' issue-level and '5'
recovery ratings to the company's new issuance of $375 million in
senior unsecured notes.

The stable outlook incorporates S&P's expectation the company will
be able to maintain its debt-to-EBITDA ratio below 5.0x and its
free operating cash flow (FOCF)-to-debt ratio above 5% over the
next 12 months.

S&P sees demand for new and used vehicles and for parts and
services continuing to return to pre-COVID levels. Ken Garff's
revenue in the second quarter decreased 7.6% year over year due to
a decline in new light-vehicle sales and service, parts, and
collision center performance. New and used vehicle unit sales
dropped over 41% and customer pay repair orders fell almost 38% for
the last two weeks in March and first two weeks in April compared
to the same period last year. As the quarter progressed, the sales
trend continued to improve through June, with new and used vehicle
unit sales up almost 1% and customer pay orders were down less than
5% year over year.

Consequently, S&P is revising its outlook to stable because it
believes the company is able to maintain its debt-to-EBITDA ratio
below 5.0x and its FOCF-to-debt ratio above 5% over the next 12
months.

Environmental, social, and governance (ESG) factors relevant to the
rating action:

-- Health and safety

The stable outlook reflects S&P's belief that the company is able
to maintain its current level of profitability and keep its
FOCF-to-debt ratio above 5% over the next 12 months.

S&P could raise the company's ratings if it could achieve an
FOCF-to-debt ratio of 10% or higher on a sustained basis.
Alternatively, over the longer term, S&P could raise the ratings if
the company were to improve its competitive position by
significantly increasing its scale through acquisitions, improving
geographic and product diversification, or showing a consistent
track record of operational excellence.

S&P could lower the rating if the company's FOCF-to-debt ratio
falls below 5% on a sustained basis. This could occur because
macroeconomic conditions begin to deteriorate leading to a sharp
decline in the demand for new and used light vehicles as well as
parts and services. Also credit metrics could worsen due to a rise
in debt to fund an aggressive program of acquisitions.


KLAUSNER LUMBER: Revised Order on All Assets Sale to Mercer Filed
-----------------------------------------------------------------
Klausner Lumber One, LLC filed with the U.S. Bankruptcy Court for
the District of Delaware its proposed revised form of the original
order issued by the Court in connection with the sale of
substantially all assets to Mercer International, Inc., pursuant to
their Asset Purchase Agreement, dated as of Aug. 3, 2020.

On May 13, 2020, the Debtor its Bid Procedures Motion in connection
with sale of all or substantially all assets.  Attached to the
Motion as Exhibit B was a proposed form of the Original Order,
authorizing the relief sought in the Bid Procedures Motion.

Based on comments from the Office of the United States Trustee, the
U.S. Department of Justice on behalf of the U.S. Environmental
Protection Agency, and the proposed Stalking Horse Bidder
concerning the Original Order, the revised form of the Original
Order is proposed.

Among the revisions that can be found in the Revised Order are:

     a. The Sale Hearing was held on Aug. 31, 2020.

     b. The sale will be free and clear of all Encumbrances,
including the Excluded Liabilities, mortgages, any right of
reverter or County Lien in favor of Suwanee County (as those rights
are defined in the Development Agreement recorded Nov. 17, 2017
identified in Schedule 2.1 to the APA), with all such Encumbrances
to attach to the cash proceeds of the Sale.

     c. Nothing in the Order or the APA releases, nullifies,
precludes, or enjoins the enforcement of any police or regulatory
liability to a governmental unit that any entity would be subject
to as the post-sale owner or operator of property after the date of
entry of the Order.  Nothing in the Order or the APA authorizes the
transfer or assignment of any governmental (a) license, (b) permit,
(c) registration, (d) authorization, or (e) approval, or the
discontinuation of any obligation thereunder, without compliance
with all applicable legal requirements and approvals under police
or regulatory law.  

     d. At the Closing, the Buyer will pay to the respective
counterparty the Cure Amounts relating to any Assumed Contract;
provided, however, that a counterparty to an Assumed Contract will
not be barred from seeking additional amounts on account of any
defaults occurring between the deadline to object to the Cure
Amount and the assumption of the contract.

     e. The APA and any related agreements, documents or other
instruments may be modified, amended or supplemented by the parties
thereto in accordance with the terms thereof without further order
of the Court; provided, however, that the Debtor will file a notice
reflecting such modifications, amendments or supplements with the
Court for the purpose of providing notice to parties-in-interest.


Additional revisions to the proposed Revised Order may be filed
depending upon other responses received to the Motion or the
results of the Auction, and the Debtor reserves its right to make
and file such further revisions prior to the hearing on the Motion
and until the Court enters an order on the Motion.   

A copy of the Original Order and the Revised Order is available at
https://tinyurl.com/y4aaqs3v from PacerMonitor.com free of charge.

                    About Klausner Lumber One

Klausner Lumber One, LLC is a privately held company in the lumber
and plywood products manufacturing industry.  It is 100% owned by
non-debtor Klausner Holding USA, Inc.

Klausner Lumber One sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 20-11033) on April 30,
2020.  At the time of the filing, Debtor disclosed assets of
between $100 million and $500 million and liabilities of the same
range.

The Debtor tapped Westerman Ball Ederer Miller Zucker & Sharfstein,
LLP as bankruptcy counsel; Morris, Nichols, Arsht & Tunnell, LLP as
local counsel; Asgaard Capital, LLC as restructuring advisor; and
Cypress Holdings, LLC as investment banker.


LA DHILLON: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: La Dhillon Investments, LLC
        1825 Roberta Avenue
        Ruston, LA 71270

Chapter 11 Petition Date: September 14, 2020

Court: United States Bankruptcy Court
       Western District of Louisiana

Case No.: 20-30840

Judge: Hon. John S. Hodge

Debtor's Counsel: Bradley L. Drell, Esq.
                  GOLD, WEEMS, BRUSER, SUES & RUNDELL
                  POB 6118
                  Alexandria, LA 71307-6118
                  Tel: (318) 445-6471
                  Email: bdrell@goldweems.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Devinder Singh, owner.

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://www.pacermonitor.com/view/CWTKXGQ/La_Dhillon_Investments_LLC__lawbke-20-30840__0001.0.pdf?mcid=tGE4TAMA


LIVEXLIVE MEDIA: CEO Foregoes Monthly Salary in Exchange for Shares
-------------------------------------------------------------------
Effective as of Aug. 1, 2020, LiveXLive Media, Inc.'s chief
executive officer, desiring to continue to demonstrate confidence
in the Company and to assist the Company's near term objectives in
light of the ongoing COVID-19 coronavirus pandemic, agreed to
forego his monthly base salary through Dec. 31, 2020 in exchange
for shares of the Company's common stock that will vest in full in
calendar year 2021, and will be calculated and issued subject to
the Company's board of directors' approval.

                       About LiveXLive Media

Headquartered in West Hollywood, CA, LiveXLive --
http://www.livexlive.com/-- is a global digital media company
focused on live entertainment.  The Company operates LiveXLive, a
live music video streaming platform; and Slacker Radio, a streaming
music pioneer; and also produces original music-related content.
LiveXLive is at 'live social music network', delivering premium
livestreams, digital audio and on-demand music experiences from the
world's top music festivals and concerts, including Rock in Rio,
EDC Las Vegas, Hangout Music Festival, and many more.  LiveXLive
also gives audiences access to premium original content, artist
exclusives and industry interviews. Through its owned and operated
Internet radio service, Slacker Radio (www.slacker.com), LiveXLive
delivers its users access to millions of songs and hundreds of
expert-curated stations.

LiveXLive reported a net loss of $38.93 million for the year ended
March 31, 2020, compared to a net loss of $37.76 million for the
year ended March 31, 2019.  As of June 30, 2020, the Company had
$57.63 million in total assets, $68.94 million in total
liabilities, and a total stockholders' deficit of $11.32 million.

BDO USA, LLP, in Los Angeles, California, the Company's auditor
since 2018, issued a "going concern" qualification in its report
dated June 26, 2020, citing that the Company has suffered recurring
losses from operations, negative cash flows from operating
activities and has a net capital deficiency that raise substantial
doubt about its ability to continue as a going concern.  In
addition, the COVID-19 pandemic could have a material adverse
impact on the Company's results of operations, cash flows and
liquidity.


MAGNUM MRO: $16K Sale of 2016 Ford F150 to Palmer Approved
----------------------------------------------------------
Judge Brenda T. Rhoades of the U.S. Bankruptcy Court for the
Northern District of Texas authorized Magnum MRO Systems, Inc.'s
sale of its 2016 Ford F150 truck, VIN 1FTEW1CG9GKF97442, to Joyce
Palmer for $16,000.

The sale is free and clear of liens, claims, interests and
encumbrances, with such liens, claims, interests, and encumbrances
to attach to the proceeds of the sale.

All funds paid by the Debtor pursuant to the Agreement in excess of
the amount required to satisfy Ford Motor Credit Co., LLC's lien on
the Vehicle will be held in trust by the Debtor pursuant to the
secured claim of the U.S. Small Business Administration as provided
in the Debtor's Motion.

The 14-day stay under Bankruptcy Rule 6004(h) is waived.

A copy of the Agreement is available at
https://tinyurl.com/y4ogerrw from PacerMonitor.com free of charge.

                 About Magnum MRO Systems Inc.

Magnum MRO Systems Inc. was formed in Texas on Jan. 12, 2012 and
specializes in industrial supplies and hydraulics.

Magnum MRO Systems filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No.
20-40033) on Jan. 3, 2020. At the time of filing, the Debtor was
estimated to have $1 million to $10 million in both assets and
liabilities.  Mark A. Castillo, Esq., at Curtis Castillo PC, serves
as the Debtor's counsel.


MAI HOLDINGS: S&P Downgrades ICR to 'SD' on Debt Exchange
---------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on St.
Louis-based printing equipment and services provider MAI Holdings
Inc. to 'SD' (selective default) from 'CCC-'. At the same time, S&P
lowered its issue-level rating on its remaining senior secured
notes to 'D' from 'CCC-'.

The downgrade follows MAI's debt exchange on Aug. 6, 2020, in which
the company completed a partial exchange of its $135 million senior
secured notes due 2023. As part of the transaction, the company
exchanged $114.4 million, or roughly 84.7%, of its senior secured
notes for a pro-rata share of its new $119.7 million optional PIK
term loans due 2023.

"While the majority of the investors received par value for their
securities, we consider this transaction tantamount to default
because we believe the investors received less than the original
promise of the security. We believe the company executed the
transaction to preserve liquidity as the economic disruption caused
by the COVID-19 pandemic continues to affect sales volumes and
operating income," S&P said.

"Given that the company may elect to PIK interest under its new
term loans, the transaction is likely to reduce its annual cash
interest payments," the rating agency said.



MATALAN FINANCE: Files Chapter 15 Bankruptcy Protection in the U.S.
-------------------------------------------------------------------
Rick Green, writing for Bloomberg News, reports that Matalan
Finance filed for Chapter 15 court protection Wednesday in New York
as the U.K. Matalan retail chain seeks to buttress its balance
sheet in the aftermath of pandemic-inflicted closures.

The company said it will seek "certain interim relief" under
Chapter 15 and
recognition for its debt restructuring in the U.K., Bloomberg
relays, citing a July 28 statement.  Chapter 15 of U.S. bankruptcy
law shields foreign companies from lawsuits by U.S. creditors while
they reorganize in another country.

The retailer used a U.K. court procedure known as a scheme of
arrangement. As part of the deal approved in London on July 27,
2020 lower-ranking bondholders agreed to receive more debt as
interest instead of cash, Bloomberg relates.  The company has
GBP474 million (US$612 million) in net debt and as part of the
agreement, it will obtain GBP50 million in fresh financing,
Bloomberg discloses.

                      About Matalan Finance

Matalan is a discount clothing and homeware chain.

Matalan has been hard-hit by the measures taken to stem the spread
of coronavirus, Bloomberg recounts.

In July 2020, Matalan Finance Plc commenced proceedings in the UK
to seek approval of a scheme of arrangement.  Matalan Finance Plc
filed a Chapter 15 petition (Bankr. S.D.N.Y. Case No.
1:20-bk-11749) on July 29, 2020, to seek recognition of the UK
proceedings.  

The Hon. Robert E. Grossman presides over the U.S. case.

The Debtor's U.S. counsel:

          Douglas Deutsch
          Clifford Chance Us LLP
          Tel: 212-878-4935
          E-mail: douglas.deutsch@cliffordchance.com


MEDNAX INC: Moody's Places B1 CFR Under Review for Upgrade
----------------------------------------------------------
Moody's Investors Service placed MEDNAX, Inc.'s B1 Corporate Family
Rating, the B1-PD Probability of Default Rating and the B1
unsecured global note ratings on review for upgrade. There is no
change to the company's SGL-2 Speculative Grade Liquidity Rating.

The review follows the company's announcement that it will sell its
radiology business (MEDNAX Radiology Solutions) to Radiology
Partners, Inc. for cash consideration of $885 million. MEDNAX
intends to use the proceeds from the sale of the radiology business
to pay down debt.

The review will focus on the capital structure and resulting
financial leverage following the sale of the radiology business.
Moody's expects that MEDNAX will materially reduce its leverage if
a substantial portion of sales proceeds are used for debt
repayment. The review will also focus on the reduced scale and
business diversity following the sale of the radiology business.
MEDNAX Radiology Solutions was expected to contribute approximately
$550 million in revenue and $90 million in EBITDA to the company's
operating results in 2020 excluding the impact of COVID-19.

MEDNAX has transformed itself over the past year, having sold off
MedData (a management services business), its anesthesia staffing
business, and now its radiology business in order to focus on its
core maternal-fetal, newborn and other pediatric subspecialty
health staffing business. The review will also weigh the reduced
scale and diversity with the potential for increased profitability
and stability stemming from the company's renewed focus on
maternal-fetal, newborn and other pediatric subspecialty services.
Other factors such as liquidity, reimbursement outlook and the
company's evolving strategy under a new management team will also
be incorporated into the review.

Ratings placed under review for upgrade:

MEDNAX, Inc.

Corporate Family Rating, placed on review for upgrade, currently at
B1

Probability of Default Rating, placed on review for upgrade,
currently B1-PD

$750 million senior unsecured global notes maturing 2023, placed on
review for upgrade, currently B1 (LGD4)

$1.0 billion senior unsecured global notes maturing 2027, placed on
review for upgrade, currently B1 (LGD4)

Outlook Actions:

Outlook changed to rating under review from negative

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

Notwithstanding the review, MEDNAX's B1 Corporate Family Rating
reflects the company's moderately high leverage of over 5.0 times.
The company also has exposure to an evolving reimbursement and
regulatory environment. The B1 is supported by the company's strong
market position in women's and children's health, good customer
diversity, favorable healthcare services outsourcing market trends
and good liquidity.

The company's SGL-2 Speculative Grade Liquidity Rating reflects
Moody's expectations that MEDNAX will maintain good liquidity over
the next year. The company had approximately $260 million of
unrestricted cash and revolver availability of approximately $900
million as of September 1, 2020. Moody's expects that the company
will generate positive free cash flow in the next 12 months.

Moody's regards the coronavirus outbreak as a social risk under the
Moody's ESG framework, given the substantial implications for
public health and safety. In addition, as a provider of physician
staffing services, MEDNAX faces social risks associated with
legislative actions to curb surprise medical bills. However, with
the divestiture of the anesthesiology and radiology businesses,
MEDNAX's social risks have diminished to some extent. As a publicly
traded company, MEDNAX is subject to rigorous governance standards
in terms of transparency, disclosures, management's effectiveness,
accountability and compliance.

The ratings could be downgraded if MEDNAX faces reimbursement,
volume, or payor mix pressures that will weaken operating
performance. The ratings could be upgraded if MEDNAX effectively
executes its plan to improve profitability and reduce debt.

Based in Sunrise, FL, MEDNAX, Inc. is a leading provider of
physician services including newborn, maternal-fetal, pediatric
cardiology and other pediatric subspecialty services.

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


MOUSTACHE BREWING CO: Files Bankruptcy Protection
-------------------------------------------------
Mark Harrington, writing for News Day, reports that Moustache
Brewing Co., a single-store brewery, filed for Chapter 11
bankruptcy seeking protection from creditors after a COVID-related
shutdown in March and a potential judgment in state court relating
to a 2018 renovation loan.

It's one of the few Long Island businesses so far that have opted
to go to bankruptcy court for protection from creditors as they
seek to reorganize their businesses during the pandemic. In July,
just seven companies on Long Island have filed for Chapter 11
protection in the Central Islip bankruptcy court,  including one
entity with four separate but related filings.  Excluding the
related businesses there were just three Chapter 11 filings this
month.  For all of July in 2019, there were five Chapter 11 filings
in Central Islip.

The figures do not include bankruptcy filings in the Brooklyn
federal court house.

Moustache Brewing was formed in 2012 in a 1,400-square-foot space
capable of producing 31 gallons of beer.  It expanded to its
current Riverhead space of 5,600 square feet in October 2017 and
began a costly renovation with $415,000 borrowed from friends and
other higher-interest loans, according to the bankruptcy filing.

But the upgrade cost more than planned, and the higher-interest
loans impacted the company’s cash flow, the filing states.  A
pandemic-mandated shutdown made matters considerably worse.

Lauri Spitz, a managing member and co-owner of the company, said
COVID hit Moustache Brewing particularly hard.

"We came out of the winter, our slowest time of year, and we were
shut down for three months," she said Tuesday. "Half of my accounts
are closed. I had to lay off half my staff…With all the
restrictions in place our income is significantly decreased."  

Jonathan Grasso, an attorney for Moustache Brewing, said the
brewery will continue to operate through the reorganization.

"The plan is to ... reorganize the debt, and continue to operate,"
he said. "The brewery is open, and we're hoping to work toward a
consensual plan of reorganization."

In March 2020, the company says in filings, it was "prepared to
enter into a new distributorship agreement that would have greatly
increased its sales." Then came the pandemic, and "the
distributorship agreement had to be delayed."

Moustache "was completely shut down from early April until Memorial
Day weekend, when it opened for to-go sales only." The need for the
bankruptcy filing is "due to its cash flow issues due most recently
to its extended shutdown as a result of COVID-19, and to save
resources, time and energy being spent on litigation claims
against" Moustache, the filings state.

The company reported a net operating loss of $156,407 for the six
months ended June 30, on total sales of $99,742.

For now, Moustache appears to be one of the local few companies
seeking to reorganize under Chapter 11 bankruptcy protection. In
addition to the seven cases reported in the Central Islip court
from late June through July 27, 2020 two were reported through
June, three in May, and six in April. Those six filings in April
were all affiliates of Rubie’s Costume Co., of Melville, a
wholesaler of costumes and related items throughout the world.

                   About Moustache Brewing Co.

Moustache Brewing Co. is a private company headquartered in
Riverhead, New York founded in 2012.  It manufactures different
kinds of craft beers.

Moustache Brewing Co. LLC sought protection for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No.
20-72474) on July 21, 2020, listing under $1 million in both assets
and liabilities.  Jonathan A. Grasso, Esq. at PIERCE MCCOY, PLLC,
is the Debtor's counsel.


MUSCLE MAKER: Prices $5.6 Million Follow-On Public Offering
-----------------------------------------------------------
Muscle Maker, Inc., priced on Sept. 10, 2020, its underwritten
public offering of 3,294,118 shares of common stock at a price to
the public of $1.70 per share.  In addition, the Company has
granted the underwriters a 45-day option to purchase up to an
additional 494,117 shares of common stock at the public offering
price, less underwriting discounts and commissions.  The offering
is expected to close on Sept. 15, 2020, subject to the satisfaction
of customary closing conditions.

Alexander Capital, L.P. and Kingswood Capital Markets, division of
Benchmark Investments, Inc., acted as joint bookrunners for the
Offering.

The offering is being made only by means of a prospectus.  Copies
of the final prospectus relating to this offering, when available,
may be obtained from Alexander Capital L.P., 17 State Street, New
York, New York 10014, 212-687-5650, info@alexandercapitallp.com.

A registration statement on Form S-1A relating to these securities
has been filed with the Securities and Exchange Commission and was
declared effective on Sept. 10, 2020.

Use of Proceeds

The company plans to use the capital to fund the execution of their
non-traditional location growth initiatives on military bases,
universities and ghost kitchens.  The company intends to use a
portion of the proceeds in opening an estimated 30 ghost kitchens.
Michael Roper, CEO of Muscle Maker, Inc. stated, "We believe the
restaurant industry has changed due to Covid-19 and non-traditional
locations along with delivery and ghost kitchens are the new norm.
Ghost kitchens represent a unique opportunity to expand and grow
the brand presence across major metropolitan areas throughout the
U.S. at a significantly lower cost of capital and at a rapid pace.
We currently have ghost kitchen locations in the Chicago market and
recently announced plans to expand into the Philadelphia market
with more cities on the way. This capital raise gives us the
potential to open or acquire up to 30-35 locations, depending on
their location.  We are very excited about these potential growth
possibilities and combined with the recently announced REEF
Kitchens agreement believe we should have a full pipeline of new
locations in the coming months."

                       About Muscle Maker

Founded in 1995 in Colonia, New Jersey, Muscle Maker --
http://www.musclemakergrill.com-- is a fast casual restaurant
concept that specializes in preparing healthy-inspired,
high-quality, fresh, made-to-order lean, protein-based meals
featuring chicken, seafood, pasta, burgers, wraps and flat breads.
In addition, the Company features freshly prepared entree salads
and an appealing selection of sides, protein shakes and fruit
smoothies.

The Company reported a net loss of $28.38 million for the 12 months
ended Dec. 31, 2019, compared to a net loss of $7.20 million for
the 12 months ended Dec. 31, 2018.  As of June 30, 2020, the
Company had $8.92 million in total assets, $5.09 million in total
liabilities, and $3.83 million in total stockholders' equity.

Marcum LLP, in Melville, NY, the Company's auditor since 2016,
issued a "going concern" qualification in its report dated May 29,
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.


NABORS INDUSTRIES: Fitch Affirms 'B-' IDR, Outlook Negative
-----------------------------------------------------------
Fitch Ratings is affirming the Issuer Default Rating for Nabors
Industries, Ltd. and Nabors Industries, Inc. (collectively, Nabors)
at 'B-'. In addition, Fitch is affirming the Nabors Industries,
Inc. senior unsecured priority guaranteed revolving credit facility
due 2023 at 'BB-/RR1', the Nabors Industries, Ltd. senior unsecured
guaranteed notes at 'B-/RR4' and the Nabors Industries, Inc. senior
unsecured notes at 'CCC/RR6'. The Rating Watch Negative is removed
and a Negative Outlook has been assigned.

Nabors Industries, Inc.'s rating reflects favorable asset quality
characteristics, a global footprint providing for exposure to the
international market with longer-term contracts and a commitment to
use FCF for debt reduction. This is offset by worsening conditions
in the U.S. and international drilling rig markets, reduced funding
commitments, the need to address a looming maturity wall and credit
metrics that are weak for the current rating level. Fitch
recognizes Nabors has taken positive steps to improve its credit
profile and enhance liquidity, including extending its revolver,
repurchasing debt, reducing capex spending and significantly
cutting its dividend. However, current industry conditions are not
expected to materially improve and capital market support is
uncertain.

Nabors' senior exchangeable notes indenture has a clause allowing
noteholders to put the $575 million issue to the company at par if
the stock is delisted. Nabors received a notice of delisting in
April 2020 from the NYSE as its stock failed to maintain an average
closing share price of at least $1. The company completed a reverse
stock split, which resulted in the stock maintaining well above $1.
However, due to weak conditions in the drilling market, equity
valuations could move lower again.

The removal of the Rating Watch Negative reflects the improved
stock price and reduced risk of the potential put of the senior
exchangeable notes in the near term. The Negative Outlook reflects
weak conditions in the drilling sector that could have an extended
duration, concerns regarding accessing capital markets, and the
pending maturing wall.

KEY RATING DRIVERS

U.S. Activity Has Weakened: Nabors' U.S. lower 48 rig count
declined to 57 in June 2020 from an average of 108 for
third-quarter 2019. During the last commodity price downturn,
Nabors' total U.S. margins declined to $5,324/day from $12,670/day
in 2015 with total U.S. EBITDA declining to $161 million in 2017
from $513 million in 2015. Gross margins in second-quarter 2020
were $10,449 and are expected to decline to the $9,000 to $9,500
range in second-half 2020, although Fitch believes margins could
materially decline in 2021 under its base case West Texas
Intermediate (WTI) oil price of $42.

Nabors is somewhat buffered by having some of the best U.S.
pad-capable rigs providing for relatively resilient utilization and
day rates. Super-spec rigs, which include ancillary technological
offerings and other value-added services, continue to have high
utilization within the industry. Nabors has strong market share
with supermajors and large independent E&P operators, which are
better able to sustain drilling during lower oil prices.

International Segment Provides Stability: Nabors' international
drilling segment exhibited resilience through-the-cycle and results
consistent with the average international rig count. Rig counts are
less sensitive to commodity price changes due to longer contract
terms and a customer base of generally large public and sovereign
oil companies. This segment acts as a favorable hedge to the more
volatile U.S. rig count. International margins are slightly higher
than U.S. margins and the longer term of the contracts provide for
more clarity on future utilization.

The company's international rig count remained steady over the past
several years, although gross margins declined from a combination
of sales of higher margin jack-ups, the expiration of a couple of
high margin rigs, reactivation costs and operational challenges in
Latin America. Nabors has seen new contracts in Mexico and Kuwait
while the Colombia market has improved, but is also realizing
weakness in Saudi Arabia and Kazakhstan, where some rigs have come
off contract.

Looming Maturity Wall: Nabors issued $1 billion of notes in January
2020 that materially reduced the maturity wall, although there are
still significant maturities to address. The company has $139
million of notes due Sept. 15, 2020. Another $154 million is due in
2021 and $193 million is due in 2023. According to Fitch's
projections, FCF will not be sufficient to fund these maturities
and will likely need to be refinanced through the revolver and cash
on hand.

Adequate Near-Term Liquidity: Nabors has a $1.013 billion 2018
guaranteed revolver due in 2023.

The latter revolver was recently amended in December 2019 with the
commitment being reduced from $1.267 billion and a net
capitalization requirement replaced with a net debt/EBITDA covenant
of no greater than 5.50x. The covenant was formerly 3.55x as of
Dec. 31, 2019. The company is at risk of breaching the covenant if
the current low commodity price environment continues into 2021.

Fitch believes that a significant portion of the maturities due
2020-2022 will be refinanced on the revolver. The revolver matures
in 2023, and a high outstanding amount combined with significant
bond maturities starting in 2024-2026 may challenge a refinancing.
Cash stood at $494 million on June 30, 2020, although $355 million
is in the Saudi Aramco joint venture and not available to Nabors.

Convertible Note Put: Nabors received a notice of delisting from
the NYSE in April 2020 as its stock failed to maintain an average
closing share price of at least $1 over a consecutive 30-day
trading period. Nabors completed a reverse stock split, which
resulted in the stock maintaining well above $1. However, due to
weak conditions in the drilling market, equity valuations could
move lower again.

If the stock is delisted, this would result in a fundamental change
under the senior exchangeable notes bond indenture. Under the terms
of the indenture, noteholders would have the ability to put the
bonds to Nabors at par. There is approximately $575 million
outstanding. Nabors could use a combination of FCF and revolver
availability to refinance the notes, although waivers may be
required under the credit facility. This would materially reduce
liquidity at a time business conditions are worsening.

DERIVATION SUMMARY

Fitch compares Nabors with Precision Drilling ('B+'/Negative),
which is also an onshore driller with exposure to the U.S. and
Canadian markets. Nabors is estimated to have the third-largest
market share in the U.S. at 12% compared with Precision at 8%.

Nabors' gross margins in the U.S. are higher than Precision. This
is aided by its offshore and Alaskan rig fleet, which operates at
significantly higher margins. Precision has the highest market
share in Canada, while Nabors has a smaller position. Nabors has a
significant international presence, which typically has longer-term
contracts, partially negating the volatility of the U.S. market.

Precision has slightly better credit metrics than Nabors with
debt/EBITDA of 3.8x compared with Nabors at 4.2x. Nabors does have
more liquidity than Precision due to its larger revolver and higher
availability. Both companies are expected to generate FCF over
their respective forecast periods and use cash to reduce debt.

KEY ASSUMPTIONS

West Texas Intermediate (WTI) oil prices of $38 per barrel (bbl) in
2020 increasing to $42/bbl in 2021, $47/bbl in 2022 and $50/bbl
thereafter.

Henry Hub natural gas prices of $2.10 per thousand cubic feet (mcf)
in 2020 and $2.45/mcf thereafter.

Revenue declines by 19% in 2020 and 14% in 2021 due to reduction in
E&P capital spending.

Capex of $240 million in 2020 and $275 million in 2021 to maintain
equipment given the view that there are no upgrades or expansions
until utilization increases when prices are well above the base
case price deck.

FCF is expected to be slightly negative to positive with the
expectation that any FCF proceeds will be used to reduce debt.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

Ability to address potential senior convertible bond put without
weakening liquidity.

Mid-cycle debt/EBITDA of below 3.5x on a sustained basis.

Lease-adjusted FFO-gross leverage less than 4.5x.

A demonstrated ability to address the upcoming maturity wall
without reducing overall liquidity.

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

Inability to address potential senior convertible bond put without
weakening liquidity.

Failure to manage FCF, reducing liquidity capacity and increasing
gross debt levels.

Increasing refinancing risk impeding the ability to address the
maturity wall.

Structural deterioration in rig fundamentals resulting in weaker
than expected financial flexibility.

Mid-cycle debt/EBITDA above 4.5x on a sustained basis.

Mid-cycle lease-adjusted FFO-gross leverage greater than 5.5x.

LIQUIDITY AND DEBT STRUCTURE

Declining Liquidity: Nabors had $494 million of cash on hand as of
June 30, 2020, although a significant amount is tied up at the
Saudi Aramco joint venture. Nabors has a $1.013 billion 2018
guaranteed revolver due in 2023. The only financial covenant is a
net debt/EBITDA covenant of no greater than 5.50x, which was 3.60x
as of June 30, 2020. There was $560 million outstanding on the
revolver and availability of $450 million as of June 30, 2020.

Key Recovery Rating Assumptions:

The recovery analysis assumes Nabors would be reorganized as a
going-concern in bankruptcy rather than liquidated.

Fitch has assumed a 10% administrative claim.

Going-Concern Approach:

Nabors' going-concern EBITDA estimate reflects Fitch's view of a
sustainable,

post-reorganization EBITDA level upon which Fitch bases the
enterprise valuation.

The going-concern EBITDA assumption for commodity sensitive issuers
at a cyclical peak reflects the industry's move from top of the
cycle commodity prices to mid-cycle conditions and intensifying
competitive dynamics.

The going-concern EBITDA assumption equals EBITDA estimated for
2022, which represents the emergence from a prolonged commodity
price decline.

Fitch assumes WTI oil prices of $38/bbl in 2020, $42/bbl in 2021,
$47/bbl in 2022 and $50/bbl for the long term. This represents a
23% decline to fiscal 2019 EBITDA.

The going-concern EBITDA assumption reflects a loss of customers
and lower margins, as E&P companies pressure oil service firms to
reduce operating costs.

The assumption reflects corrective measures taken in the
reorganization to offset adverse conditions that triggered default,
such as cost-cutting and optimal deployment of assets.

An enterprise value multiple of 4.0x EBITDA is applied to
going-concern EBITDA to calculate a post-reorganization enterprise
value.

The choice of this multiple considered the following factors:

The historical bankruptcy case study exits multiples for peer
energy oilfield service companies have a wide range with a median
of 7.2x and an average of 8.5x. The oil field service sub-sector
ranges from 2.2x to 26.8x due to the more volatile nature of EBITDA
swings in a downturn.

Seventy-Seven Energy Inc., a strong comparison, emerged from
bankruptcy in August 2016 with a midpoint enterprise value of $800
million resulting in a post-emergence EBITDA multiple of 5.6x based
on 2017 forecast EBITDA of $144 million. The company was
subsequently acquired by Patterson-UTI Energy Inc. for $1.76
billion, resulting in a 12.0x multiple based on 2017 forecast
EBITDA. At that point in the cycle, commodity prices were
increasing and the oilfield service companies were believed to be
moving in an upward trend.

Fitch used a multiple of 4.0x to estimate a value for Nabors
because of concerns of a downturn with a longer duration and a high
mix of international rigs that are not easily mobilized.

Liquidation Approach

The liquidation estimate reflects Fitch's view of the value of
balance sheet assets that can be realized in sale or liquidation
processes conducted during a bankruptcy or insolvency proceeding
and distributed to creditors.

Fitch assigns a liquidation value to each rig based on management
discussions, comparable market transaction values, and upgrades and
new build cost estimates.

Different values were applied to top of the line super spec rigs,
lower-value super spec rigs, non-super spec rigs, and higher value
international rigs.

The going-concern value was estimated at $2.22 billion, or
approximately $5 million per rig.

The guaranteed credit facility is assumed to be fully drawn upon
default and is super senior in the waterfall.

The allocation of value in the liability waterfall results in
recovery corresponding to 'RR1' for the guaranteed credit facility
of $1.013 billion, a recovery of 'RR3' for the guaranteed notes
subordinated to the guaranteed credit facility of $1.0 billion and
the assumption Nabors would likely use capacity under the
guaranteed notes covenants to issue additional debt at this level
of $1.5 billion, and a recovery of 'RR6' for the senior unsecured
guaranteed notes of $1.837 billion.

SUMMARY OF FINANCIAL ADJUSTMENTS

No material adjustments.

ESG CONSIDERATIONS

The highest level of ESG credit relevance, if present, is a score
of '3'. This means ESG issues are credit-neutral or have only a
minimal credit impact on the entity(ies), either due to their
nature or to the way in which they are being managed by the
entity(ies).


NAVICURE INC: Fitch Assigns 'B-' LongTerm IDR, Outlook Stable
-------------------------------------------------------------
Fitch Ratings has assigned a Long-Term Issuer Default Rating (IDR)
to Navicure, Inc. (Waystar) of 'B-' with a Stable Outlook. Fitch
has also assigned a senior secured first lien term loan rating of
'B+/RR2'. Fitch's actions affect approximately $1.5 billion of
debt.

KEY RATING DRIVERS

Strong Growth Opportunity: Fitch expects Waystar to experience
consistent mid- to high-single digit organic growth through the
forecast horizon as a result of strong secular trends in U.S.
healthcare spending and utilization. The Centers for Medicare and
Medicaid Services (CMS) forecasts national health expenditure
growth of 5.6% per annum through 2026 due to long-standing trends
including, an aging demographic, medical procedure/drug cost
inflation and utilization growth. In addition, increased regulatory
burdens, claims processing complexity and pressures on provider
profitability serve as strong tailwinds for continued software
adoption by providers. The company's growth prospects are further
supported by strong retention rates resulting from high switching
costs that include staff training, implementation costs, business
interruption risks and reduced productivity when swapping vendors.
Fitch believes that the secular tailwinds and high switching costs
produce a dependable growth trajectory that benefits the credit
profile.

Low Cyclicality: Fitch expects Waystar, which has experienced
positive growth in every year since its inception, including during
the current pandemic-driven macro downturn, to continue exhibiting
low cyclicality for the foreseeable future. Fitch believes the
company will exhibit continued strong correlation to overall U.S.
healthcare spending and utilization, which is highly
non-discretionary and has experienced uninterrupted growth since at
least 2000 according to CMS. As a result, Fitch believes Waystar
will demonstrate a stable credit profile with little sensitivity to
macroeconomic cycles.

Strong Margin Profile: Fitch forecasts pro forma FY20 EBITDA
margins of 44%, excluding synergies, for the combined Waystar and
eSolutions. The company's margins compare favorably to the 32%
average and 13%-45% range for Fitch-rated HCIT peers. In addition,
management has identified $11 million of synergies in the
acquisition of eSolutions, balanced across consolidation in client
services, hosting, research & development, selling & marketing and
general & administrative units, achievable within 18-24 months.
Fitch believes the strong margins contribute to robust FCF
potential and support the ability to sustain elevated leverage.

High Leverage: Waystar has agreed to acquire eSolutions in a deal
valued at $1.35 billion, financed with $810 million of new debt
with the balance provided by the company's sponsors, EQT Fund and
Canada Pension Plan Investment Board. Fitch calculates initial pro
forma leverage of 9.1x, well above the 6.25x and 5.6x median for
technology issuers in the 'B' category and for Fitch-rated
healthcare IT issuers, respectively. Fitch forecasts a decline in
leverage to 7.4x over the ratings horizon and expects limited
deleveraging thereafter. Fitch believes the leverage is supported
by the company's dependable growth prospects, strong margin
profile, limited capital intensity, and low cyclicality.

Strategy Risks: Fitch believes that Waystar's sales strategy
targeting the broad healthcare provider market by leading with a
strong technology offering, rather than focusing on a narrow niche
in the healthcare universe, presents competitive risks given direct
competition with larger RCM providers who could quickly scale up
investment in their product offerings and go-to-market efforts.
This risk is somewhat mitigated by the addition of eSolutions' NSV
offerings that require direct contracts with CMS and, as a result,
experience limited competition. Fitch also sees risk in potential
platform consolidation across the combined client base as any
modification to mission critical RCM software may result in
disrupted client operations, potentially leading to increased
customer churn.

Evolving Marketplace: Waystar faces risks from a continually
evolving healthcare marketplace where efforts to slow cost growth
will eventually require all constituents to modify their
strategies. Most importantly, the nascent efforts to shift to
value-based care, in which reimbursements are directed toward
successful outcomes rather than toward volume of procedures, will
likely require Waystar to re-examine its current go-to-market and
pricing strategies. Instead, the company will need to develop a
pricing strategy that aligns more closely with the emerging
incentives that are based on medical outcomes. Fitch believes that
such a major shift in pricing strategy introduces a risk of
disruption and rejection from the marketplace that may result in
decreased growth. However, Fitch notes that the transition to
value-based case is also slow-moving and any impacts are outside of
the ratings horizon.

DERIVATION SUMMARY

Fitch is evaluating Waystar pending its transaction to acquire
fellow RCM software provider, eSolutions. Fitch believes the
company benefits from a favorable growth opportunity as medical
claims processing volumes continue to expand due to long-standing
trends in the U.S. healthcare industry including, an aging
demographic, medical procedure/drug cost inflation and utilization
growth. In addition, the company exhibits strong client growth
prospects with a leading technology platform that addresses the
increased regulatory burdens, claims processing complexity and
profitability pressures that serve to promote continued software
adoption by providers. Fitch believes growth is further ensured by
strong client retention rates, high switching costs, robust sales
efforts, and a history of share gains. Finally, similar to the
company's continued positive organic growth during the pandemic-led
downturn, Fitch expects Waystar to demonstrate minimal cyclicality
and durable resistance to economic cycles due to the
non-discretionary nature of healthcare spending. However, despite
these advantageous characteristics, Fitch-calculated pro forma
leverage of 9.1x is materially higher than the 6.25x median for
technology issuers in the 'B' ratings category, which Fitch views
as the primary determinant of the 'B-' rating. No country-ceiling,
parent/subsidiary or operating environment aspects had an impact on
the rating.

KEY RECOVERY RATING ASSUMPTIONS

  -- The recovery analysis assumes that Waystar would be
reorganized as a going-concern in bankruptcy rather than
liquidated.

  -- 10% administrative claim.

Going-Concern (GC) Approach

  -- Waystar's GC EBITDA assumption includes pro forma adjustments
for a full-year contribution from the acquisition of eSolutions,
but does not incorporate any further synergy realization.

  -- The GC EBITDA estimate reflects Fitch's view of a sustainable,
post-reorganization EBITDA level upon which Fitch bases the
enterprise valuation (EV). Fitch contemplates a scenario in which
platform consolidation into a unified RCM offering leads to
increased client churn, slowing revenue growth, and increases in
sales and R&D expenses to address the challenges. As a result,
Fitch expects that Waystar would likely be reorganized with a
similar product strategy and higher than planned levels of
operating expenses as the company reinvests to ensure customer
retention and defend against competition.

  -- Under this scenario, Fitch believes revenue growth would slow
significantly to low single digits per annum with EBITDA margins
declining such that the resulting going-concern EBITDA is
approximately 10% below Fitch forecasted pro forma 2020 EBITDA.

  -- An EV multiple of 7x EBITDA is applied to the GC EBITDA to
calculate a post-reorganization enterprise value.

The choice of this EV multiple considered the following factors:

  -- Comparable Reorganizations: In Fitch's 13th edition of its
"Bankruptcy Enterprise Values and Creditor Recoveries" case study,
the agency notes seven past reorganizations in the technology
sector, where the median recovery multiple was 4.9x. Of these
companies, only two were in the software subsector: Allen Systems
Group, Inc. and Aspect Software Parent, Inc., which received
recovery multiples of 8.4x and 5.5x, respectively. Fitch believes
the Allen Systems Group, Inc. reorganization is highly supportive
of the 7.0x multiple assumed for Waystar given the mission critical
nature of both companies' offerings.

  -- M&A Multiples: A study of M&A transactions in the healthcare
IT industry from 2010 to 2017, particularly those competing in the
RCM space, establishes a median EV/EBITDA transaction multiple of
15.5x. The acquisition of eSolutions represents a 21.3x multiple,
not including synergies.

The recovery model implies a 'B+' and 'RR2' Recovery Rating for the
company's first-lien senior secured facilities, reflecting Fitch's
belief that lenders should expect to recover 71%-90% in a
restructuring scenario.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case for the Issuer

  -- Transaction: acquisition of eSolutions completed for total
consideration of $1.35 billion, funded with the issuances of an
incremental $620 million first lien term loan and an incremental
$190 million second lien term loan under the existing credit
agreements, as well as a $560 million equity contribution from the
sponsor;

  -- Revenue: FY20 pro forma growth of 3% for each of eSolutions,
and Waystar due to decline in transaction volumes, offset by stable
subscription revenue and impact of prior acquisitions; growth of
7.5% per annum thereafter due to client growth, price increases,
and increasing medical procedure volumes;

  -- Margins: pro forma EBITDA margin of 44.4% in FY20 due to 42%
EBITDA margin from Waystar, plus synergies achieved from prior
acquisitions, and 50% margin from eSolutions; margin expansion of
100 bps in FY21 and 80 bps in FY22 due to additional synergies
achieved from prior acquisitions plus assumed 75% achievement of
targeted eSolutions synergies over 2 years;

  - CapEx: capital intensity of 5.5% in FY20 due to buildout of new
data center, declining to 2.8%-3% thereafter, consistent with
history;

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

  - Total Debt with Equity Credit/Operating EBITDA sustained below
6.0x;

  - Revenue growth consistently in excess of Fitch's forecasts;

  - Strengthened competitive positioning and increased scale;

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

  - Total Debt with Equity Credit/Operating EBITDA sustained above
8.0x;

  - (CFO-Capex)/Total Debt with Equity Credit sustained below 5%;

  - FFO interest coverage sustained below 1.5x;

LIQUIDITY AND DEBT STRUCTURE

Abundant Liquidity: Fitch expects Waystar to maintain strong
liquidity following the transaction given moderate operating
expense requirements that result in strong margins, a highly
variable cost structure, a short cash conversion cycle due to
monthly billing, and low capital intensity. Pro forma for the
transaction, liquidity is expected to comprise $22 million in cash
and an undrawn $200 million revolving credit facility (RCF). Fitch
notes the considerable RCF commitment in relation to the company's
revenue scale. Liquidity is also supported by Fitch's forecast of
over $175 million in aggregate FCF over 2021-2022. Fitch forecasts
steady growth in liquidity to nearly $400 million by 2022 due to
accumulation of FCF and the expectation for the RCF to remain
undrawn.

SUMMARY OF FINANCIAL ADJUSTMENTS

Fitch made standard financial adjustments as described in the
applicable ratings criteria.

SOURCES OF INFORMATION

The principal sources of information used in the analysis are
described in the Applicable Criteria.

ESG CONSIDERATIONS

Waystar has an ESG Relevance Score of '4' for Governance Structure
due to its ownership by sponsors EQT Fund and Canada Pension Plan
Investment Board, which are assumed to be heavily biased in favor
of shareholder returns.

Except for the matters discussed, the highest level of ESG credit
relevance, if present, is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the
entity(ies), either due to their nature or to the way in which they
are being managed by the entity(ies).


NEIMAN MARCUS:Creditors Claim It Inflated Valuation by $3.1B
------------------------------------------------------------
The Fashion Law reports that creditors of Neiman Marcus claimed
that the retailer inflated its valuation by $3.1 billion prior to
the transfer of MyTheresa.  According to a group of Neiman Marcus
bankruptcy creditors, the Dallas,Texas-based chain "inflated its
own value by billions of dollars before its 2018 spinoff of
fast-growing e-commerce businesses MyTheresa so it could carry out
what they say was an improper transaction," as first reported by
the Wall Street Journal. That transaction saw Neiman Marcus --
which filed for Chapter 11 bankruptcy in May -- transfer its
European e-commerce division, namely, MyTheresa, to an unrestricted
subsidiary in 2017. The retailer then transferred ownership of
Munich-based MyTheresa again in September 2018 – this time to
Neiman Marcus Group Ltd.'s parent company, Neiman Marcus Group Inc.
– allegedly in an attempt to shield the company's assets from
creditors.

According to the report, the crux of the issue actually took place
before the second transfer, though, in early 2018 when Neiman
Marcus put a $7 billion-plus valuation on its business. According
to the group of bankruptcy creditors, that sum is quite a bit more
than the $3.9 billion price tag that an independent valuation
(summoned by the creditors) came up with for the 112-year old
retailer.  The $3.1 billion difference is significant because if
the creditors' valuation is correct, it would mean that Neiman
Marcus was insolvent at the time of the MyTheresa transfer (i.e.,
the sum of its debts was greater than all of its assets), and thus,
the company ran afoul of U.S. federal bankruptcy law, which
prohibits asset transfers by insolvent entities.

In other words, the creditors argue that Neiman Marcus' board
inflated the total assets of the company to enable the company to
appear as though it was solvent and therefore, legally above-board
in making the transfer of MyTheresa.

In previously-redacted court documents, Neiman Marcus' creditors
argue that "there is ample indirect evidence of fraudulent intent
and multiple badges of fraud" to be found in connection with the $7
billion valuation and subsequent MyTheresa transfer. "In approving
and effectuating the distribution, [Neiman Marcus'] Board was
presented with various alternatives, including the option of paying
fair value for the MyTheresa asset, but chose to upstream the asset
for no consideration," they assert.

As such, they are claiming legal rights in MyTheresa, which is not
technically part of Neiman Marcus' U.S. bankruptcy proceedings but
which legally may be clawed back from its current ownership if the
valuation and transfer are found to be fraudulent in nature.

In addition to questioning the valuation methodology used in the
creditors' report, a representative for Ares Management LP – one
of the two private equity firms that acquired Neiman Marcus in
September 2013 for $6 billion leveraged buyout – said this week,
as reported by the WSJ, that the recently "unsealed creditors'
report provides no new evidence," and that "two national law firms
advised Neiman Marcus that the MyTheresa spinoff was legal and
permissible under the company's debt documents."

Hardly the first fight over MyTheresa, Neiman Marcus has been
facing off against creditor Marble Ridge Capital, which filed suit
against it in a Texas state court in 2018, accusing the retailer of
fraud in connection with the MyTheresa transfer. In that suit, the
Manhattan-based distressed debt investor characterized the transfer
as an attempt by Neiman Marcus to prevent its domestic creditors
from accessing an estimated $1 billion in assets, and a move that
enables Neiman Marcus owners, Ares Management LP and Canada Pension
Plan Investment Board, to "usurp this massive benefit" for no
consideration to the company.

In response, Neiman Marcus sought to have Marble Ridge's case
tossed out, while also lodging claims of its own, namely for
defamation, citing Marble's practice of "recklessly [making] false
statements regarding the company's compliance with its debt
documents with the intent of damaging the company." On the heels of
a Texas state court dismissing Marble Ridge's case in March 2019
due to the investment firm's lack of the requisite subject matter
jurisdiction to bring such a suit, the court allowed Neiman Marcus'
defamation suit to move forward in a decision in April 2019.

                       About Neiman Marcus Group

Neiman Marcus Group LTD, LLC -- https://www.neimanmarcus.com/ -- is
a luxury omni-channel retailer conducting store and online
operations principally under the Neiman Marcus, Bergdorf Goodman,
and Last Call brand names.  It also operates the Horchow e-commerce
website offering luxury home furnishings and accessories. Since
opening in 1907 with just one store in Dallas, Neiman Marcus and
its affiliates have strategically grown to 67 stores across the
United States.

Weeks after being forced to temporarily shutter stores due to the
coronavirus pandemic, Neiman Marcus Group and 23 affiliates sought
Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 20-32519) on
May 7, 2020, after reaching an agreement with a significant
majority of our creditors to undergo a financial restructuring that
will substantially reduce the Company's debt load, and provide
access to considerable financing to ensure business continuity.

Kirkland & Ellis LLP is serving as legal counsel to the Company,
Lazard Ltd. is serving as the Company's investment banker, and
Berkeley Research Group is serving as the Company's financial
advisor. Stretto is the claims agent, maintaining the page
https://cases.stretto.com/NMG

Judge David R. Jones oversees the cases.

The Extended Term Loan Lenders are represented by Wachtell, Lipton,
Rosen & Katz as legal counsel, and Ducera Partners LLC as
investment banker.

The Noteholders are represented by Paul, Weiss, Rifkind, Wharton &
Garrison LLP as legal counsel and Houlihan Lokey as investment
banker.


NEUBASE THERAPEUTICS: Amends Outside Director Compensation Policy
-----------------------------------------------------------------
The Compensation Committee of the Board of Directors of NeuBase
Therapeutics, Inc. approved an amended Outside Director
Compensation Policy.  The Company intends for the Policy to
formalize the Company's policy regarding cash compensation, grants
of equity and reimbursement of travel expenses to its members of
the Board who are not employees of the Company.

Cash Compensation

Under the Policy, Outside Directors will be entitled to a cash
retainer of $35,000 for their service on the Board (exclusive of
any participation on its Committees).  Outside Directors serving on
any of the Board's Audit, Compensation and Nominating & Corporate
Governance Committees in a non-Chairperson capacity will be
entitled to a cash retainer of $7,500, $5,000 and $4,000,
respectively, for services on such Committees, and the Chairpersons
of such Committees will be entitled to twice those amounts for
their collective service both as members of such Committees and as
Chairpersons of such Committees.  The Policy does not provide for
any per meeting attendance fees for any meeting of the Board or its
Committees.

Equity Grants

Furthermore, the Policy provides that Outside Directors will be
eligible to receive all types of awards (except incentive stock
options) under the Company's 2019 Stock Incentive Plan, as amended
(or the applicable equity plan in place at the time of grant),
including discretionary awards not covered under the Policy.

Subject to limitations on individual grants to Outside Directors
under the Plan, upon an Outside Director's appointment to the
Board, such Outside Director automatically will be granted a
nonstatutory stock option to purchase shares of the Company's
common stock having a grant date fair value of $320,000.  Subject
to further adjustment provisions as described in the Policy and the
Plan, 25% of each NSO Appointment Award will vest on the one-year
anniversary of the grant date, and the remaining portion of the NSO
Appointment Award will vest on an equal monthly basis over the
following 36 months, provided that the Outside Director is in
continuous service with the Company or an affiliate of the Company
through the applicable vesting date.  Each NSO Appointment Award
will vest fully upon a Change in Control (as defined in the Plan),
in each case, provided that the Outside Director is in continuous
service with the Company or an affiliate of the Company through the
Change in Control.

In addition, subject to limitations on individual grants to Outside
Directors under the Plan, on the first business day after each
annual meeting of the Company's stockholders beginning with the
2021 Annual Meeting, each Outside Director automatically will be
granted a nonstatutory stock option to purchase shares of the
Company's common stock having a grant date fair value of $90,000;
provided that the initial Annual NSO Award granted on or after the
Policy's effective date shall be made on Sept. 9, 2020. Subject to
further adjustment provisions as described in the Policy and the
Plan, 25% of each Annual NSO Award will vest on the one-year
anniversary of the grant date, and the remaining portion of the
Annual NSO Award will vest on an equal monthly basis over the
following 36 months, provided that the Outside Director is in
continuous service with the Company or an affiliate of the Company
through the applicable vesting date. Each Annual NSO Award will
vest fully upon a Change in Control (as defined in the Plan), in
each case, provided that the Outside Director is in continuous
service with the Company or an affiliate of the Company through the
Change in Control.

With regard to any of the nonstatutory stock options granted under
the Policy, the per share exercise price for all such options will
be 100% of the fair market value of the shares underlying the
options on the grant date.

                  About NeuBase Therapeutics

NeuBase Therapeutics, Inc. -- http://www.neubasetherapeutics.com--
is a biotechnology company focused on developing next generation
therapies to treat rare genetic diseases and cancers caused by
mutant genes.  Given that perhaps every human disease has a genetic
component, the Company believes that its differentiated platform
technology has the potential for broad impact.

NeuBase reported reported a net loss of $26.96 million for the year
ended Sept. 30, 2019.  For the period from Aug. 28, 2018, to Sept.
30, 2018, the Company reported a net loss of $41,952.  As of June
30, 2020, the Company had $38.15 million in total assets, $3.47
million in total liabilities, and $34.68 million in total
stockholders' equity.

CohnReznick LLP, in Roseland, New Jersey, the Company's auditor
since 2019, issued a "going concern" qualification in its report
dated Jan. 10, 2020, citing that the Company has incurred operating
losses since inception, expects to continue to incur significant
operating losses for the foreseeable future, and may never become
profitable.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


NEUBASE THERAPEUTICS: Incurs $3.80 Million Net Loss in 3rd Quarter
------------------------------------------------------------------
Neubase Therapeutics, Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q disclosing a net loss
of $3.80 million for the three months ended June 30, 2020, compared
to a net loss of $2.03 million for the three months ended June 30,
2019.

For the nine months ended June 30, 2020, the Company reported a net
loss of $12.68 million compared to a net loss of $5.55 million for
the same period last year.

As of June 30, 2020, the Company had $38.15 million in total
assets, $3.47 million in total liabilities, and $34.68 million in
total stockholders' equity.

At June 30, 2020, the Company had cash and cash equivalents of
approximately $35.9 million, compared with cash and cash
equivalents of approximately $10.3 million at Sept. 30, 2019.

"We are pleased with the continued execution of our development
programs during 2020.  This includes the announcement in late-March
of compelling data that firmly validate our platform as a viable
fully synthetic approach to genetic medicine," said Dietrich A.
Stephan, Ph.D., chief executive officer of NeuBase. "Notably, these
data confirm that our therapies penetrate into the brain when
administered systemically – overcoming one of the grand
challenges of drug delivery.  PATrOL-enabled compounds can also
access tissues throughout the entire body, opening our platform up
to unexplored indications that have not previously been accessible
by genetic medicine technologies.  These positive pharmacokinetic
and pharmacodynamic data position our unique technology to output a
vast pipeline of therapeutics to resolve innumerable human
diseases.  We anticipate presenting additional new data with
respect to our ongoing progress in the fourth calendar quarter of
this year."

"A key objective for our company shortly after the March data
announcement was to strengthen our balance sheet in order to fully
advance our strategies in HD and DM1, and build out our pipeline.
This was accomplished in April with the closing of our
oversubscribed capital raise of approximately $33.3 million in net
proceeds that was led by fundamental healthcare investors and
significantly increased our institutional shareholder base.  We
expect this to support our R&D and general corporate expenses into
the second calendar quarter of 2022," continued Dr. Stephan.

A full-text copy of the Form 10-Q is available for free at:

https://www.sec.gov/Archives/edgar/data/1173281/000110465920094763/tm2020565d1_10q.htm

                    About NeuBase Therapeutics

NeuBase Therapeutics, Inc. -- http://www.neubasetherapeutics.com--
is a biotechnology company focused on developing next generation
therapies to treat rare genetic diseases and cancers caused by
mutant genes.  Given that perhaps every human disease has a genetic
component, the Company believes that its differentiated platform
technology has the potential for broad impact.

NeuBase reported reported a net loss of $26.96 million for the year
ended Sept. 30, 2019.  For the period from Aug. 28, 2018, to Sept.
30, 2018, the Company reported a net loss of $41,952.

CohnReznick LLP, in Roseland, New Jersey, the Company's auditor
since 2019, issued a "going concern" qualification in its report
dated Jan. 10, 2020, citing that the Company has incurred operating
losses since inception, expects to continue to incur significant
operating losses for the foreseeable future, and may never become
profitable.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


NORTHLAND CORPORATION: 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 Northland
Corporation.

The committee members are:

     1. Kenneth Walker
        Dba C & K Lumber and Exports
        645 Old Hickory Blvd., Apt 1126
        Nashville, TN 37209
        Phone: (615) 495-3910
        kw.L2L2U@outlook.com

     2. Timothy A. Girardi
        1201 Dersimmon Ridge Drive
        Louisville, KY 40245
        Phone: (502) 413-1010
        tg.L2L2U@outlook.com

     3. Ronald W. Nentwig
        10303 Thrift Drive, Apt 109
        Louisville, KY 40223
        Phone: (305)431-6995
        RONNEN44@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 Northland Corporation

Northland Corporation is in the business of drying, sorting and
grading hardwood lumber.  Visit http://northlandcorp.comfor more
information.

Northland Corporation filed a Chapter 11 petition (Bankr. W.D. Ky.
Case No. 20-31934) on July 27, 2020.  In the petition signed by Orn
E. Gudmundsson, Jr., chief executive officer, Debtor was estimated
to have $1 million to $10 million in both assets and liabilities.
Judge Joan A. Lloyd oversees the case.

Kaplan Johnson Abate & Bird LLP serves as Debtor's bankruptcy
counsel.


NUTRIBAND INC: Incurs $226K Net Loss in Second Quarter
------------------------------------------------------
Nutriband Inc. filed with the Securities and Exchange Commission
its Quarterly Report on Form 10-Q disclosing a net loss of $225,869
on $84,450 of revenue for the three months ended July 31, 2020,
compared to a net loss of $450,565 on $74,913 of revenue for the
three months ended July 31, 2019.

For the six months ended July 31, 2020, the Company reported a net
loss of $638,063 on $203,814 of revenue compared to a net loss of
$1.02 million on $268,503 of revenue for the six months ended July
31, 2019.

As of July 31, 2020, the Company had $2.20 million in total assets,
$902,632 in total liabilities, and $1.29 million in total
stockholders' equity.

For the six months ended July 31, 2020, the Company generated
revenue of $203,814 on which it recorded cost of revenues of
$191,876 and a loss from operations of $373,310.  Subsequent to
Jan. 31, 2020, because of the lack of available cash and the
decline in business resulting in part from the effects of the
COVID-19 pandemic, the Company has temporarily closed its
operations, and does not expect it will be able to commence
operations until it receives substantial funding.  The Company said
successful business operations and its transition to attaining
profitability are dependent upon obtaining significant additional
financing, generating revenue primarily from its professional
services to cover its overhead, developing its products, and
obtaining FDA approval to market any product it develops and
implementing a marketing program for such products.  These factors
raise substantial doubt about the ability of the Company to
continue as a going concern for a period of at least one year from
the date that these financial statements were issued.  Without such
financing, the Company may not be able to continue in business.
The financial statements do not include any adjustments that might
result from the outcome of this uncertainty.

A full-text copy of the Form 10-Q is available for free at:

https://www.sec.gov/Archives/edgar/data/1676047/000121390020026264/f10q0720_nutribandinc.htm

                        About Nutriband Inc.

Nutriband Inc. -- http://www.nutriband.com/-- is primarily engaged
in the development of a portfolio of transdermal pharmaceutical
products.  Its lead product under development is its abuse
deterrent fentanyl transdermal system which the Company is
developing to provide clinicians and patients with an
extended-release transdermal fentanyl product for use in managing
chronic pain requiring around the clock opioid therapy combined
with properties designed to help combat the opioid crisis by
deterring the abuse and misuse of fentanyl patches.

Nutriband recorded a net loss of $2.72 million for the year ended
Jan. 31, 2020, compared to a net loss of $3.33 million for the year
ended Jan. 31, 2019.  As of Jan. 31, 2020, the Company had $2.19
million in total assets, $2.02 million in total current
liabilities, and $175,433 in total stockholders' equity.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, the
Company's auditor since 2016, issued a "going concern"
qualification in its report dated April 13, 2020 citing that the
Company has suffered recurring losses from operations and has
limited revenues.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


OPPENHEIMER HOLDINGS: Moody's Affirms B1 CFR, Outlook Stable
------------------------------------------------------------
Moody's Investors Service affirmed Oppenheimer Holdings, Inc.'s B1
corporate family rating and B1 senior secured debt rating. The
rating action follows Oppenheimer's announcement that it intends to
redeem its outstanding $150 million 6.75% senior secured notes due
2022 using the net proceeds of new $125 million senior secured
notes issuance due 2025 and cash on hand. Moody's said
Oppenheimer's outlook remains stable.

Affirmations:

Issuer: Oppenheimer Holdings, Inc.

Corporate Family Rating, Affirmed at B1

$150 million Senior Secured Notes, Affirmed at B1

Assignment:

$125 million Senior Secured Notes, Assigned B1

Outlook Actions:

Issuer: Oppenheimer Holdings, Inc.

Outlook, Remains Stable

RATINGS RATIONALE

Moody's said Oppenheimer's B1 ratings reflect its diversified
revenue base, growing mix of advisory revenue and improved
liquidity profile. Moody's said the issuance of the new senior
secured note will extend the firm's debt maturity while modestly
lowering its debt balance, both credit positives.

Moody's said that Oppenheimer's profitability is being adversely
affected by the Federal Reserve's interest rate cuts. However, its
favorable business diversification is partially mitigating this
impact, with a growing mix of advisory revenue (which tends to have
more of a recurring and stable profile than transaction
commission-based revenue), and strong investment banking results,
particularly in equity underwriting.

Moody's said Oppenheimer has invested significantly in its risk
management and control functions in recent years, which has reduced
the firm's historically elevated level of regulatory compliance
issues and related penalties.

The stable outlook is based on Moody's expectation that Oppenheimer
will continue to benefit from its diversified revenue base, a
growing mix of advisory revenue and lower overall debt balance,
offsetting the challenges from market uncertainties and the low
interest rate environment.

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

Factors that could lead to an upgrade

  -- An improvement in profitability and debt leverage derived from
organic growth or an acquisition that does not significantly
increase the firm's risk profile

  -- Continued improvement in advisory revenue resulting in greater
diversification

  -- Strong demonstration of a sustained improvement in its risk
management and controls' framework

Factors that could lead to a downgrade

  -- Acquisitions outside of Oppenheimer's historical core
competencies or into higher-risk business activities

  -- A broad slowdown in revenue generation leading to debt
leverage at or worse than 4.5x

  -- Any significant new risk management failures or litigation

The principal methodology used in these ratings was Securities
Industry Service Providers Methodology published in November 2019.


PEAK PROPERTY: Case Summary & 5 Unsecured Creditors
---------------------------------------------------
Debtor: Peak Property Group LLC
        2 Adams St. #205
        Denver, CO 80206

Business Description: Peak Property Group LLC owns four
                      properties in Denver, Colorado and
                      La Quinta, California having an aggregate
                      comparable sale value of $1.09 million.

Chapter 11 Petition Date: September 12, 2020

Court: United States Bankruptcy Court
       District of Colorado

Case No.: 20-16088

Judge: Hon. Kimberley H. Tyson

Debtor's Counsel: Robert J. Shilliday III, Esq.
                  SHILLIDAY LAW, P.C.
                  730 17th Street, Suite 340
                  Denver, CO 80202
                  Tel: 720-439-2500
                  Email: rjs@shillidaylaw.com

Total Assets: $1,102,686

Total Liabilities: $1,685,781

The petition was signed by Kip Korthuis, sole member.

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

https://www.pacermonitor.com/view/534OAJA/Peak_Property_Group_LLC__cobke-20-16088__0001.0.pdf?mcid=tGE4TAMA


PETER SAMUEL ROSEN: $75K Sale of Leon County Property Approved
--------------------------------------------------------------
Judge Scott M. Grossman of the U.S. Bankruptcy Court for the
Southern District of Florida authorized Peter Samuel Rosen's sale
of his one-third interest in the parcel of land located in Leon
County, Florida, and more accurately described as 25 1N 1W .547 AC
in 1 1/2 of NW ¼ OR 874-1141; 1360/2362; 1484;543 550; OR
1538/2017; 1910/2369; 1928/2334, to New Sun Properties, LLC for
$75,000, in accordance with the Vacant Land Contract.

An hearing on the Expedited Motion was held on Sept. 9, 2020 at
1:30 p.m.

The sale proceeds will be divided equally between the Debtor, his
brother, Michael Rosen, and his sister-in-law, Kira Rosen.

The Debtor's portion of the proceeds from the sale will be held in
the Van Horn Law Group, P.A. Trust Account for funding the Debtor's
Plan of Reorganization.

The 14-day stay period pursuant to 4001(a)(3) is waived.

A copy of the Contract is available at https://tinyurl.com/y69vlldb
from PacerMonitor.com free of charge.

Counsel for Debtor:

          Chad Van Horn, Esq.
          VAN HORN LAW GROUP, P.A.
          330 N Andrews Ave., Suite 450
          Fort Lauderdale, FL 33301
          Telephone: (954) 765-3166
          Facsimile: (954) 756-7103
          E-mail: Chad@cvhlawgroup.com

Peter Samuel Rosen filed for voluntary relief under Chapter 13 of
the Bankruptcy Code on on May 13, 2020.  The case was converted to
a case under Chapter 11 (Bankr. S.D. Fla. Case No. 20-15249-SMG) on
June 22, 2020.


PG&E CORP: Appoints Former Interim CEO as General Counsel
---------------------------------------------------------
On July 29, 2020, PG&E Corporation and its subsidiary, Pacific Gas
and Electric Company (the "Utility"), disclosed the following
management changes:

   (i) effective August 15, 2020, Janet C. Loduca will step down
from her position as Senior Vice President and General Counsel of
PG&E Corporation and the Utility,

  (ii) effective August 15, 2020, John R. Simon will be appointed
Executive Vice President, General Counsel and Chief Ethics &
Compliance Officer of PG&E Corporation and the Utility,

(iii) Andrew M. Vesey will no longer serve as Chief Executive
Officer and President of the Utility, effective as of August 1,
2020, and will no longer serve as a director of the Utility and

  (iv) effective August 1, 2020, Michael Lewis, Senior Vice
President of Electric Operations of the Utility, will serve as
Interim President of the Utility.

Ms. Loduca, who informed the company of her intended departure on
July 24, 2020, is eligible to receive severance benefits under the
PG&E Corporation Officer Severance Policy (the "Officer Severance
Policy"), as described PG&E Corporation's and the Utility's Form
10-K/A filed on March 31, 2020.

Mr. Vesey is also eligible to receive severance benefits under the
Officer Severance Policy, as described PG&E Corporation’s and the
Utility’s Form 10-K/A filed on March 31, 2020, subject to Mr.
Vesey delivering a customary release of claims.

From May 2019 to present, Mr. Simon, 55, has served as Executive
Vice President of Law, Strategy & Policy. From January 2019 to May
2019, Mr. Simon served as Interim Chief Executive Officer of the
Corporation.  From March 2017 to January 2019, Mr. Simon served as
Executive Vice President and General Counsel for the Corporation.
Mr. Simon joined the Corporation in 2007 and has held several
senior roles within PG&E, including Executive Vice President,
Corporate Services and Human Resources and Senior Vice President,
Human Resources.

From January 2019 to present, Mr. Lewis, 57, has served as Senior
Vice President, Electric Operations, of the Utility.  In this role,
Mr. Lewis oversees all of the Utility’s electric transmission and
distribution grid operations for the company’s service area.
From August 2018 to January 2019, Mr. Lewis served as Vice
President, Electric Distribution Operations of the Utility. From
2008 until he joined the Utility, he served at Duke Energy
Corporation and its subsidiary Duke Energy Florida in numerous
leadership positions, including Senior Vice President and Chief
Distribution Officer, Senior Vice President and Chief Transmission
Officer, Co-Leader of Project Transformation, and Senior Vice
President, Energy Delivery. At his previous company, Mr. Lewis
helped the distribution and transmission organizations achieve
industry-leading safety benchmarks.

In connection with his appointment to Interim President of the
Utility, in addition to his current compensation package, Mr. Lewis
will receive an additional monthly fee of $79,970 and, for 2020, up
to $150,000 of reimbursement for temporary housing costs.

                    About PG&E Corporation

PG&E Corporation (NYSE: PCG) -- http://www.pgecorp.com/-- is a
Fortune 200 energy-based holding company, headquartered in San
Francisco. It is the parent company of Pacific Gas and Electric
Company, an energy company that serves 16 million Californians
across a 70,000-square-mile service area in Northern and Central
California.

As of Sept. 30, 2018, the Debtors, on a consolidated basis, had
reported $71.4 billion in assets on a book value basis and $51.7
billion in liabilities on a book value basis.

PG&E Corp. and Pacific Gas employ approximately 24,000 regular
employees, approximately 20 of whom are employed by PG&E Corp. Of
Pacific Gas' regular employees, approximately 15,000 are covered by
collective bargaining agreements with local chapters of three labor
unions: (i) the International Brotherhood of Electrical Workers;
(ii) the Engineers and Scientists of California; and (iii) the
Service Employees International Union.

On Jan. 29, 2019, PG&E Corp. and its primary operating subsidiary,
Pacific Gas and Electric Company, filed voluntary Chapter 11
petitions (Bankr. N.D. Cal. Lead Case No. 19-30088).

PG&E Corporation and its regulated utility subsidiary, Pacific Gas
and Electric Company, said they are facing extraordinary challenges
relating to a series of catastrophic wildfires that occurred in
Northern California in 2017 and 2018. The utility said it faces an
estimated $30 billion in potential liability damages from
California's deadliest wildfires of 2017 and 2018.

Weil, Gotshal & Manges LLP and Cravath, Swaine & Moore LLP are
serving as PG&E's legal counsel, Lazard is serving as its
investment banker and AlixPartners, LLP is serving as the
restructuring advisor to PG&E. Prime Clerk LLC is the claims and
noticing agent.

In order to help support the Company through the reorganization
process, PG&E has appointed James A. Mesterharm, a managing
director at AlixPartners, LLP, and an authorized representative of
AP Services, LLC, to serve as Chief Restructuring Officer. In
addition, PG&E appointed John Boken also a Managing Director at
AlixPartners and an authorized representative of APS, to serve as
Deputy Chief Restructuring Officer. Mr. Mesterharm, Mr. Boken and
their colleagues at AlixPartners will continue to assist PG&E with
the reorganization process and related  activities. Morrison &
Foerster LLP, as special regulatory counsel. Munger Tolles & Olson
LLP, as special counsel.

The Office of the U.S. Trustee appointed an official committee of
creditors on Feb. 12, 2019. The Committee retained Milbank LLP as
counsel; FTI Consulting, Inc., as financial advisor; Centerview
Partners LLC as investment banker; and Epiq Corporate
Restructuring, LLC as claims and noticing agent.

On Feb. 15, 2019, the U.S. trustee appointed an official committee
of tort claimants.  The tort claimants' committee is represented by
Baker & Hostetler LLP.


PIER 1 IMPORTS: An Online Store Is Coming, New Owners Say
---------------------------------------------------------
Maria Halkias of Dallas News reports that the new owners of Pier 1
Imports announces the launch of an online store.

A social media influencer and a former NASA scientist think they
can resurrect the home furnishings brand and turn it into an
e-commerce success story.

Pier 1 Imports filed for Chapter 11 bankruptcy in February and is
now liquidating.  But thanks to online shopping, the brand can have
another life online, and that's what its new owners are planning.

The new owners of Pier 1 Imports say they're preparing to launch a
new e-commerce business under the 58-year-old brand's name in late
August 2020.

The sale of Pier 1 Imports, announced earlier in July, was approved
in bankruptcy court Thursday to Retail Ecommerce Ventures, a
company co-owned by social media influencer Tai Lopez and former
NASA scientist Alex Mehr.

The investors paid $31 million for Pier 1's intellectual property,
which includes its trademark name, its data, including customer
lists, and other assets related to e-commerce.

Pier 1 had operations issues and came to the e-commerce business
late, but its strengths were its in-house designers, its
merchandisers and its longtime relationships with factories and
artisans all over the world. Pier 1's early signature items were
decorative patio wind chimes and wicker and rattan furniture,
including papasan chairs. Then, for years, the retailer had success
selling its own dinnerware, glassware, linens and decorative
furniture and accessories.

"We are currently evaluating and interviewing both past Pier 1
staff and new hires to help continue building the Pier 1 teams,"
Mehr said.

The Fort Worth-based home furnishings retailer, which is winding
down its bankruptcy, is still holding going-out-of-business sales
at hundreds of stores, and that will continue well into the fall.

The Pier1.com website is no longer taking orders and is directing
shoppers to search for stores nearby, which include 14 that are
still open in Dallas-Fort Worth.

"Customers can expect the same signature home goods and
accessories, and at the end of August, a new website, e-commerce
experience," Lopez said.

When asked what they found appealing about Pier 1, Lopez said, "We
love the longstanding loyal customers and want to bring them that
same experience — or better than they’re used to."

Lopez said he has childhood memories of his mom shopping at Pier 1,
and his family has shopped there over the years.

Fierce competition in the home goods category sent Pier 1 Imports
into bankruptcy in February after it had tried to find a buyer that
would keep the retail operating company intact. Then the pandemic
hit, dashing hopes for finding a buyer in bankruptcy. The Chapter
11 reorganization turned into a liquidation, and Retail Ecommerce
ended up with the brand.

Lopez and Mehr have acquired brands and built new online businesses
with names with consumer recognition but failed operations. Lopez
calls distressed retail brands "low-hanging fruit" to be in
invested in and revitalized. He says on the company's investor
pitch video that he and Mehr buy brands for "pennies on the
dollar." Pier 1 had sales of more than $1.5 billion in 2019, but
that was from more than 900 stores and an e-commerce business.

They founded REV last year "as a means for giving life to
businesses that struggled to succeed in the age of e-commerce." Its
other brands are Linen 'n Things, The Franklin Mint and Dressbarn,
which was shut down last year by Ascena Retail Group.

Ascena closed all 544 Dressbarn stores and sold the brand name. Now
Ascena, which operates almost 3,000 Ann Taylor, Loft, Justice and
Lane Bryant stores, is in bankruptcy.

REV said it launched the Dressbarn website in January and has added
phone apps, which together had 3.5 million unique monthly visitors
in June and a sales increase of 18% from the prior month.

This week, REV stepped up to be the floor bidder, known as the
stalking horse, in an auction for a sporting goods retailer with
140 stores in the Northeast that filed for bankruptcy in March. REV
is planning to buy Modell's Sporting Goods' trademarks, domain
names, social media assets and the signature "Gotta Go to Mo's"
jingle.
Twitter: @MariaHalkias

                      About Pier 1 Imports

Founded with a single store in 1962, Pier 1 Imports, Inc. --
http://www.pier1.com/-- is a leading omni-channel retailer of
unique home decor and accessories. Its products are available
through approximately 930 Pier 1 stores in the U.S. and online at
pier1.com.

Pier 1 Imports and seven affiliates sought Chapter 11 protection
(Bankr. E.D. Va. Lead Case No. 20-30805) on Feb. 17, 2020, to
pursue a sale of the assets.

Pier 1 Imports disclosed $426.6 million in assets and $258.3
million in debt as of Jan. 2, 2020.

Judge Kevin R. Huennekens oversees the cases.

A&G Realty Partners is assisting Pier 1 Imports with its previously
announced store closures and lease modifications. Pier 1 Imports
landlords are encouraged to contact A&G Realty Partners through its
website, http://www.agrep.com/   

Kirkland & Ellis LLP and Osler, Hoskin & Harcourt LLP serve as
legal advisors to Pier 1 Imports and its affiliated debtors in the
U.S. and Canada, respectively. The Debtors tapped AlixPartners LLP
as restructuring advisor; Guggenheim Securities, LLC as investment
banker; and Epiq Bankruptcy Solutions as claims agent.


RAMARAMA INC: Case Summary & 2 Unsecured Creditors
--------------------------------------------------
Debtor: Ramarama, Inc.
        2902 Fayetteville Street
        Durham, NC 27707

Chapter 11 Petition Date: September 14, 2020

Court: United States Bankruptcy Court
       Eastern District of North Carolina

Case No.: 20-03125

Judge: Hon. David M. Warren

Debtor's Counsel: Travis Sasser, Esq.
                  SASSER LAW FIRM
                  2000 Regency Parkway
                  Suite 230
                  Cary, NC 27518
                  Tel: 919-319-7400
                  E-mail: travis@sasserbankruptcy.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mark Bullock, president.

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

https://www.pacermonitor.com/view/QYYLBCA/Ramarama_Inc__ncebke-20-03125__0001.0.pdf?mcid=tGE4TAMA


RAYSHAWN L. ROBINSON: Amends Order on Glenn Dale Property Sale
--------------------------------------------------------------
Rayshawn Latrease Robinson asks the U.S. Bankruptcy Court for the
District of Maryland to reconsider and amend the order approving
her short sale of the real property located at 5806 Gabriel Duvall
Court, Glenn Dale, Maryland to Arthur Taylor for $525,000, to
include protective provisions for the estate that should have been
in the original Order on the Sale Motion.

The Debtor owns the Property she uses as her residence.  There is a
mortgage against the Property in favor of Wilmington Trust, NA.
The mortgage claim filed by the Lender reflects a debt of
$1,117,977, including $562,396 in arrears against the Property as
of the Petition Date.  Although the Lender appears in the Chapter
11 case as trustee for a securitized property trust, the Motion
refers to the Lender by reference to that role, although naming it
as the Lender for facility of draftsmanship.

The Debtor filed her Motion to Sell on June 23, 2020 to effectuate
a "short sale" by which she will receive an internal loan loss
recognition by the Lender on the substantial deficiency claim of
hundreds of thousands of dollars upon closing or DIL.  That Motion
to Sell was granted with the Lender's consent on July 6, 2002 by
Order.

The sale of the Property has progressed since then and closing is
anticipated without issue on Aug. 31, 2020.  There will be a lease
back with an option from the Buyers who are her husband and
relative (by assignment of the contract of sale without
opposition).  That lease back w/option for the Debtor's benefit
will be submitted shortly for approval post-closing.  A Plan will
then be filed as the Debtor has other obligations (i.e.;
Administrative Expenses; Priority Claims; Secured Claims and
Unsecured Claims) and that Plan must be fully administered.
Presumably a discharge will then be entered.

The U.S. Trustee inquired with the Firm noting that the "short
sale" could be acted upon or effectuated to present a sub rosa
discharge which after consummation of the sale transaction and an
associated internal loan loss provision release by the Lender, the
Debtor could receive an unintended premature discharge of that
debt.  Indeed, a hypothetical debtor acting in less than good faith
might even proposes a dismissal of the case without honoring his or
her duties under a putative and forthcoming plan of reorganization.


The U.S. Trustee is right.  Despite the sapient and well placed
observations and concerns of the U.S. Trustee, the Debtor is not of
such bad faith character or intent, and she understands and agrees
that it is not her intention to avoid consummation and full
administration of a forthcoming Plan.  Accordingly, an Amended
Order on the Sale Motion has been composed which makes it clear
despite any internal loan loss provisions the Lender has
implemented herein for its own reasons that relieve the Debtor of
repayment of a substantial deficiency claim following sale of the
Property or a DIL, there is no release by discharge of the Lender's
deficiency claim until the Debtor has fully administered a Chapter
11 Plan by payment of all other Administrative Expenses, Priority
Claims,
Secured Claims and a reasonable dividend to Unsecured Claims.
Likewise, there is a provision concerning capital gains
taxes/losses and any required steps under the I.R.C. concerning
non-recognition of COD income.

The Motion is filed pursuant to Fed. R. Civ. P. 60(b)(1) for
mistake, inadvertence, surprise, or excusable neglect.  In the
alternative, should Rule 60(b)(1) be inapplicable for reasons that
do not appear on the facts, it should be granted for any other
reason that justifies relief.

The Firm has inquired on the Amended Order and the counsel for the
Lender has expressed no objection.  The Amended Order does not
alter the substance of the transaction or the nature of the sale
and timing that was agreed to.  It only includes protective
provisions for the estate that should have been in the original
Order on the Sale Motion.

Rayshawn Latrease Robinson sought Chapter 11 protection (Bankr. D.
Md. Case No. 19-24523) on Oct. 30, 2019.  The Debtor tapped John
Douglas Burns, Esq., at The Burns Law Firm, LLC, as counsel.


RESTLAND MEMORIAL: Sale of Interment Rights for $100K Confirmed
---------------------------------------------------------------
Judge Gregory L. Taddonio of the U.S. Bankruptcy Court for the
Western District of Pennsylvania confirmed Restland Memorial Parks,
Inc.'s sale of its right to be interred in 500 specified burial
plots, Parcel No. 544-H-128, to Muslim Community Center of Greater
Pittsburgh for $100,000.

Telephonic hearings on the Motion were held on August 20 and Sept.
3, 2020.  The objection deadline was Aug. 7, 2020.

The sale is free and divested of liens and claims (including the
lien of First Commonwealth Bank), with such liens and claims to
attach to the proceeds of the sale.

The following expenses/costs will immediately be paid at the time
of closing: (i) the costs of local newspaper advertising in the
amount of $579; (ii) the costs of legal journal advertising in the
amount of $451; (iii) the Court approved attorney fees in the
amount of $5,000; and (iv) the balance of funds realized from the
within sale will be held by the Attorney for the Movant/Plaintiff
until further Order of Court, after notice and hearing.  

Failure of the Closing Agent to timely make and forward the
disbursements required by the Order will subject the closing agent
to monetary sanctions, including among other things, a fine or the
imposition of damages, after notice and hearing, for failure to
comply with the above terms of the Order.  Except as to the
distribution specifically authorized, all remaining funds will be
held by the Counsel for the Movant pending further Order of the
Court after notice and hearing.  

Within seven days of the date of the Order, the Movant will serve a
copy of the Order on each Respondent (i.e., each party against whom
relief is sought) and its attorney of record, if any, upon any
attorney or party who answered the motion or appeared at the
hearing, the attorney for the Debtor, the Closing Agent, the
Purchaser, and the attorney for the Purchaser, if any, and file a
certificate of service.

The Closing will occur within 30 days of the Order.

Within seven days following closing, the Movant will file a Report
of Sale which will include a copy of the Settlement Statement.

Notwithstanding anything in the Agreement of Sale to the contrary,
the right of first refusal in favor of the Purchaser will afford
the holder the ability to purchase an additional 1,500 burial lots
in an abutting and contiguous area, but it will not set the
acquisition price for those lots.

The Purchaser:

          MUSLIM COMMUNITY CENTER OF GREATER PITTSBURGH
          233 Seaman Lane
          Monroeville, PA 15146

                About Restland Memorial Parks

Restland Memorial Parks, Inc., offers cemetery pre-need programs.

Restland Memorial Parks sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Case No. 18-24151) on Oct. 24,
2018.  At the time of the filing, the Debtor was estimated to have
assets of $1 million to $10 million and liabilities of less than $1
million.  The Debtor tapped Donald R. Calaiaro, Esq., at Calaiaro
Valencik, as its legal counsel.

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


RGN-AUSTIN: Voluntary Chapter 11 Case Summary
---------------------------------------------
Sixteen affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

     Debtor                                   Case No.
     ------                                   --------
     RGN-Austin XIII, LLC                     20-12334
     3000 Kellway Drive
     Suite 140
     Carrollton, TX 75006

     RGN-Plano V, LLC                         20-12335
     RGN-Cambridge III, LLC                   20-12337
     RGN-Reston II, LLC                       20-12338
     RGN-Cincinnati III, LLC                  20-12339
     RGN-Long Island City I, LLC              20-12340
     RGN-San Diego XVI, LLC                   20-12341
     RGN-New York VIII, LLC                   20-12342
     RGN-New York XLVII, LLC                  20-12343
     RGN-San Francisco XX, LLC                20-12344
     RGN-Novato II, LLC                       20-12345
     RGN-Palo Alto III, LLC                   20-12346
     RGN-Sausalito II, LLC                    20-12347
     RGN-Seattle XVII, LLC                    20-12348
     RGN-Washington DC I, LLC                 20-12349
     RGN-Santa Monica VI, LLC                 20-12228

The Debtors will move for joint administration of their cases for
procedural purposes only pursuant to Rule 1015(b) of the Federal
Rules of Bankruptcy Procedure under the case captioned In re
RGN-Group Holdings, LLC, et al. (Bank. D. Del. Case No. 20-11961).

Business Description:     The Debtors are primarily engaged in
                          renting and leasing real estate
                          properties.

Chapter 11 Petition Date: September 14, 2020

Court:                    United States Bankruptcy Court
                          District of Delaware

Debtors' Counsel:         Ian J. Bambrick, Esq.
                          FAEGRE DRINKER BIDDLE & REATH LLP
                          222 Delaware Avenue, Suite 1410
                          Wilmington, Delaware 19801  
                          Tel: (302) 467-4200
                          Email: Ian.Bambrick@faegredrinker.com

Debtors'
Financial
Advisor:                  ALIXPARTNERS

Debtors'
Restructuring
Advisor:                  DUFF & PHELPS LLC

RGN-Austin's
Estimated Assets: $1 million to $10 million

RGN-Austin's
Estimated Liabilities: $1 million to $10 million

RGN-Plano V's
Estimated Assets: $1 million to $10 million

RGN-Plano V's
Estimated Liabilities: $1 million to $10 million

RGN-Cambridge III's
Estimated Assets: $100,000 to $500,000

RGN-Cambridge III's
Estimated Liabilities: $100,000 to $500,000

RGN-Reston II's
Estimated Assets: $1 million to $10 million

RGN-Reston II's
Estimated Liabilities: $500,000 to $1 million

RGN-Cincinnati's
Estimated Assets: $100,000 to $500,000

RGN-Cincinnati's
Estimated Liabilities: $1 million to $10 million

The petitions were signed by James S. Feltman, responsible
officer.

Copies of five of the Debtors' petitions containing, among other
items, lists of the Debtors' largest unsecured creditors are
available for free at PacerMonitor.com at:

https://www.pacermonitor.com/view/EIM3IYQ/RGN-Austin_XIII_LLC__debke-20-12334__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/EQXUSAQ/RGN-Plano_V_LLC__debke-20-12335__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/XI5AALY/RGN-Cambridge_III_LLC__debke-20-12337__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/XTSMI2Q/RGN-Reston_II_LLC__debke-20-12338__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/X3YCBVA/RGN-Cincinnati_III_LLC__debke-20-12339__0001.0.pdf?mcid=tGE4TAMA


RGN-PHOENIX XII: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: RGN-Phoenix XII, LLC
        3000 Kellway Drive
        Suite 140
        Carrollton, TX 75006

Business Description: RGN-Phoenix XII, LLC is primarily engaged in

                      renting and leasing real estate properties.

Chapter 11 Petition Date: September 10, 2020

Court: United States Bankruptcy Court
       District of Delaware

Case No.: 20-12147

Judge: Hon. Brendan Linehan Shannon

Debtor's Counsel: Ian J. Bambrick, Esq.
                  FAEGRE DRINKER BIDDLE & REATH LLP
                  222 Delaware Avenue, Suite 1410
                  Wilmington, Delaware 19801
                  Tel: (302) 467-4200
                  E-mail: Ian.Bambrick@faegredrinker.com

Debtor's
Financial
Advisor:          ALIXPARTNERS

Debtor's
Restructuring
Advisor:          DUFF & PHELPS, LLC

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by James S. Feltman, responsible officer.

The Debtor filed an empty list of its 20 largest unsecured
creditors.

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

https://www.pacermonitor.com/view/X4AXVIY/RGN-Phoenix_XII_LLC__debke-20-12147__0001.0.pdf?mcid=tGE4TAMA


RGN-SAN DIEGO XII: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: RGN-San Diego XII, LLC
        3000 Kellway Drive
        Suite 140
        Carrollton, TX 75006

Business Description: RGN-San Diego XII, LLC is primarily engaged
                      in renting and leasing real estate
                      properties.

Chapter 11 Petition Date: September 10, 2020

Court: United States Bankruptcy Court
       District of Delaware

Case No.: 20-12153

Judge: Hon. Brendan Linehan Shannon

Debtor's Counsel: Ian J. Bambrick, Esq.
                  FAEGRE DRINKER BIDDLE & REATH LLP
                  222 Delaware Avenue, Suite 1410
                  Wilmington, Delaware 19801
                  Tel: (302) 467-4200
                  Email: Ian.Bambrick@faegredrinker.com

Debtor's
Financial
Advisor:          ALIXPARTNERS

Debtor's
Restructuring
Advisor:          DUFF & PHELPS, LLC

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

Estimated Liabilities: $500,000 to $1 million

The petition was signed by James S. Feltman, responsible officer.

The Debtor filed an empty list of its 20 largest unsecured
creditors.

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

https://www.pacermonitor.com/view/UZSHFHI/RGN-San_Diego_XII_LLC__debke-20-12153__0001.0.pdf?mcid=tGE4TAMA

The Debtor will move for joint administration of its case for
procedural purposes only pursuant to Rule 1015(b) of the Federal
Rules of Bankruptcy Procedure under the case captioned In re
RGN-Group Holdings, LLC, et al. (Bankr. D. De. Case No. 20-11961).


ROBERT F. TAMBONE: $185K Sale of 2017 Grady White Boat Partly OK'd
------------------------------------------------------------------
Judge Janet E. Bostwick of the U.S. Bankruptcy Court for the
District of Massachusetts allowed in part Robert F. Tambone's
private sale of his 2017 30' 6" Canyon 306 Grady White boat located
in Jupiter, Florida to Mike and Hollis Davis or their nominees for
$185,000, provided that the broker's fees will not be disbursed
until further order by the Court.  

The telephonic hearing was held on Sept. 9, 2020 at 3:00 p.m.

The sale is free and clear of liens, claims, interests and
encumbrances.

The Debtor will file a proposed order and submit the order in Word
format by email to jeb@mab.uscourts.gov.

Robert F. Tambone sought Chapter 11 protection (Bankr. D. Mass.
Case No. 20-11378) on June 22, 2020.  The Debtor tapped Kathleen
Cruickshank, Esq.


ROBERT J. MOCKOVIAK: Selling Boynton Beach Property for $464K
-------------------------------------------------------------
Robert J. Mockoviak and Sandra H. Mockoviak ask the U.S. Bankruptcy
Court for the Southern District of Florida to authorize the sale of
their non-homestead real property located 8773 Sandy Crest Lane,
Boynton Beach, Florida for to Raul A. De Jesus Negron and Esilda L.
Garcia Collazo for $464,000, subject to the Contract for Purchase
and Sale.

On May 1, 2020, the Mockoviaks filed their schedules where they
listed the Sandy Crest Property.  The Schedules identify certain
liens, claims, and/or encumbrances against the Real Property.

Further, on May 26, 2020, the Mockoviaks filed their Application to
retain Trustee Realty, Inc., as Real Estate Agent, which the Court
approved on June 17, 2020, together with the proposed compensation,
as set forth in the Listing Agreement attached to the Application.
Specifically, the Order approved compensation at 6% of the gross
sale proceeds received from the sale of the Sandy Crest Property,
with 3% of that approved compensation being provided to the Buyer's
agent(s).

Since then, the Real Estate Agent has acted efficiently and
expeditiously in attempting to market and sell the Sandy Crest
Property.   The Real Estate Agent has shown the Sandy Crest
Property to various interested purchasers and is in receipt of an
offer for the purchase of the Sandy Crest Property in the amount of
$464,000 from the Buyers.  It is the highest and best offer that
Real Estate Agent has received and Real Estate Agent believes,
based on his extensive professional experience selling real
property in South Florida, the offer is well in line with current
market prices for other similarly situated real properties in the
area.

The Mockoviaks, Real Estate Agent, and the Buyers have agreed to
the terms contained in the "As Is" Residential Contract for Sale
and Purchase (along with any addendums) of the Sandy Crest
Property, the primary material terms of which are as follows:

     (i) The purchase price is $464,000.

     (ii) The scheduled closing date is Sept. 18, 2020.

     (iii) The Mockoviaks are selling the Sandy Crest Property to
Buyers "as-is, where is," without any representations or warranties
of any type, but free and clear of all liens, claims, and
encumbrances.

     (iv) The Contract is contingent upon and/or subject to: (a)
the Buyers obtaining approval for a conventional fixed or
adjustable rate loan; (b) Mockoviaks obtaining approval from the
Court; and (c) payment of the balance of the closing proceeds to
the bankruptcy estate.

     (v) A total commission to be paid of $27,840, which is
equivalent to 6% of the Purchase Price.  The Commission is being
paid directly from the proceeds of the sale of the Sandy Crest
Property.  The Commission will be equally shared between Real
Estate Agent [the sum of $13,920] and the Buyers' Agent(s) [the
amount of $13,920].

The alleged liens, claims, and encumbrances against the Sandy Crest
Property, and their proposed treatment under the terms of the
proposed sale, are:

     a. PHH Mortgage Servicing (Ocwen Financial Corp., through
acquisition of Homeward Residential Holdings, Inc.) (Mortgage
recorded on Aug. 7, 2015, O.R. Book 27725, at Page 481, Palm Beach
County, Florida) - $185,854 (Paid in full)

     b. LQD Business Finance, LLC and LQD Loans Two, LLC (Notice of
Judgment, recorded on Feb. 21, 2020, O.R. Book 31241, at Page 327,
Palm Beach County, Florida) - $6,710,765 (Lien, if any, to attach
to proceeds)

     c. LQD Business Finance, LLC (Notice of Lien, recorded on June
10, 2020, O.R. Book 31483, at Page 1091, Palm Beach County,
Florida) - Lien to attach to proceeds pursuant to the Agreed
Interim Order on LQD Business Finance, LLC's Motion to Restrict Use
of Cash Collateral and Authorizing Debtors to Use Cash Collateral
Effective as of Petition Date and Setting Continued Hearing

Any other charges are comprised of normal and customary closing
costs involved in a residential real estate transaction.  

The Mockoviaks ask that the Court provides them with the requisite
authority to close the sale and purchase of the Sandy Crest
Property, disburse the closing proceeds in the manner set forth
herein and in the Contract, and execute any and all documents
necessary to consummate the sale of the Sandy Crest Property to
Buyers.

Further, they ask that the Court waives the stay period required
under Fed. R. Bank. P. 6004(h) to the extent necessary, so that
they and the Buyers may comply with the Closing Date.

A copy of the Contract is available at https://tinyurl.com/y4yyz8lr
from PacerMonitor.com free of charge.

Robert J. Mockoviak and Sandra H. Mockoviak sought Chapter 11
protection (Bankr. S.D. Fla. Case No. 20-14372) on April 10, 2020.
The Debtors tapped Luis Salazar, Esq., at Salazar Law, as counsel.


ROUGH COUNTRY: Moody's Hikes CFR to B2, Outlook Stable
------------------------------------------------------
Moody's Investors Service upgraded the ratings of Rough Country,
LLC, including the company's corporate family rating (CFR) and
senior secured rating to B2 from B3, and probability of default
rating (PDR) to B2-PD from B3-PD. The rating outlook is stable.

"Rough Country's ratings upgrade to B2 reflects the company's
continual improvement in its debt metrics through strong organic
growth, including substantial outperformance during the coronavirus
pandemic than originally anticipated," said Lead Analyst Mike
Cavanagh. "The relative strength of the company's leverage profile
and liquidity position provide adequate protection should demand
taper off in the next year as other outlets for consumer
discretionary spend return to the economy, although the company
could pursue a more aggressive financial policy than in recent
years."

RATINGS RATIONALE

Rough Country's ratings, including the B2 CFR, reflect the
company's strong direct-to-consumer business model resulting in
consistently high EBITA margins, moderate leverage profile and good
liquidity with strong free cash flow generation. Ongoing risks
include its relatively small scale with a high concentration of
largely discretionary automotive aftermarket products and elevated
risk of debt-funded acquisitions or shareholder returns given its
private equity ownership.

Rough Country's operating performance for 2020 will be considerably
stronger than anticipated earlier in the year as stay-at-home
orders, government stimulus and fewer options for discretionary
spend have likely pulled forward some demand into 2020. Rough
Country's strong online presence captured ongoing consumer shifts
to ecommerce in the vehicle aftermarket space.

Moody's believes demand for Rough Country's products will slow in
2021, and demand still remains vulnerable to prolonged levels of
high unemployment and reduced consumer confidence. In the event of
a demand pullback, Moody's expects Rough Country to maintain
relatively strong margins compared to similarly rated peers and
other automotive aftermarket suppliers given its highly variable
cost structure and largely direct-to-consumer distribution
approach. In addition, Moody's expects the company to continue to
organically develop into new product categories in order to
increase its total addressable market.

Governance considerations acknowledge the relatively conservative
financial policy enacted over the last few years with an ongoing
focus on organic growth and application of free cash flow toward
debt repayment. As a result, Rough Country's leverage has reduced
several from near 5x debt/EBITDA in 2018 to 2.8x debt/EBITDA for
the twelve-month period ending June 2020. Moody's notes the risk
that Rough Country could consider more shareholder-friendly actions
and/or pursue debt-funded acquisitions to increase its scale and
product offering.

The stable outlook reflects Moody's view that Rough Country's
high-margin profile will maintain a moderate leverage profile under
4x debt/EBITDA and support positive free cash flow generation.

Rough Country is expected to maintain a good liquidity profile
through 2021. Rough Country's liquidity is primarily supported by
ample cash ($45 million end of June 2020) and consistently positive
free cash flow generation. Moody's expects the company to produce
at least $40 million of free cash flow in 2020 upon strong
earnings, efficient working capital management and low capital
expenditure requirements. Rough Country also maintains a $20
million secured revolving credit facility, which is expected to
remain undrawn.

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

The ratings could be upgraded if Rough Country substantially
increases its scale and product diversification while maintaining
its high level of profitability. A continued demonstration of a
conservative financial policy to support leverage being maintained
near 3x debt/EBITDA and EBITA/interest expense sustained above 4x
could support an upgrade.

The ratings could be downgraded should Rough Country's operating
performance weaken or it engages in a more aggressive financial
policy of debt-funded acquisitions or shareholder returns that
result in debt/EBITDA above 5x or EBITA/interest expense below 2x.
A deterioration in the company's liquidity profile, including free
cash flow approaching breakeven, could also pressure the ratings.

Upgrades:

Issuer: Rough Country, LLC

Corporate Family Rating, Upgraded to B2 from B3

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

Senior Secured 1st Lien Revolving Credit Facility, Upgraded to B2
(LGD4) from B3 (LGD4)

Senior Secured 1st Lien Term Loan, Upgraded to B2 (LGD4) from B3
(LGD4)

Outlook Actions:

Issuer: Rough Country, LLC

Outlook, Remains Stable

The principal methodology used in these ratings was Automotive
Supplier Methodology published in January 2020.

Rough Country, LLC, headquartered in Dyersburg, Tennessee, is a
US-focused manufacturer of aftermarket performance suspension
products and accessories. The company provides lift and leveling
kits, shocks and stabilizers, and accessories primarily for trucks,
SUV and Jeep models. Gridiron Capital is the majority owner of
Rough Country. Revenue for the twelve months ended June 30, 2020
was $256 million.


RTW RETAILWINDS: NY & Co. Closes At Least 4 Stores in Queens
------------------------------------------------------------
Christian Murray of Sunnyside Post reports that New York & Company,
a retail clothing chain, will permanently close at least four
locations in Queens, according to various store employees
throughout the borough.

The Astoria, Jamaica, Ridgewood and Bayside stores are all slated
to close, according to employees at the respective locations. The
only other store in the borough is at Queens Center Mall, which is
currently closed due to COVID-19 restrictions.

Employees at the Astoria location said that it would shut at the
end of August 2020, while the closing dates at the other venues has
not been established. All four stores currently have closing
sales.

New York & Company‘s parent company, RTW Retailwinds Inc. filed
for Chapter 11 Bankruptcy on July 13, 2020. Chapter 11 provides
businesses with protection from creditors while they continue
operating and develop a repayment plan.

RTW issued a press release earlier this month that said "a
significant portion, if not all, of its brick-and-mortar stores"
would close.

Store employees told the Queens Post that the company is closing
all of its stores.

                     About RTW Retailwinds

RTW Retailwinds, Inc. [OTC PINK:RTWI], formerly known as New York &
Company, Inc., is a specialty women's omni-channel retailer with a
powerful multi-brand lifestyle platform providing curated fashion
solutions that are versatile, on-trend, and stylish at a great
value.  The specialty retailer, first incorporated in 1918, has
grown to now operate 378 retail and outlet locations in 32 states
while also growing a substantial eCommerce business.  The Company's
portfolio includes branded merchandise from New York & Company,
Fashion to Figure, and Happy x Nature.  The Company's branded
merchandise is sold exclusively at its retail locations and online
at http://www.nyandcompany.com/,http://www.fashiontofigure.com/,
http://www.happyxnature.com/,and through its rental subscription
businesses at http://www.nyandcompanycloset.com/and
http://www.fashiontofigurecloset.com/        

RTW Retailwinds, Inc. and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 20-18445)
on July 13, 2020.  The petitions were signed by Sheamus Toal, CEO,
CFO and treasurer.  

As of July 13, 2020, the Debtors reported total assets of
$405,356,610 and total liabilities of $449,962,395.

The Hon. John K. Sherwood presides over the cases.

Michael D. Sirota, Esq., Stuart Komrower, Esq., Ryan T. Jareck,
Esq., and Matteo W. Percontino, Esq. of Cole Schotz P.C. serve as
counsel to the Debtors.  Berkeley Research Group, LLC, has been
tapped as financial advisor to the Debtors; B. Riley FBR, Inc. as
investment banker; and Prime Clerk, LLC as claims and noticing
agent.


SABON HOLDINGS: Beauty Supply Store Closes Broadway Branch
----------------------------------------------------------
Mike Mishkin, writing for I Love the Upper West Side (New York),
reports that Sabon has closed its location on the Upper West Side.

The beauty supply store was located at 2052 Broadway, between 70th
and 71st Streets. The store sold soaps, lotions, moisturizer and
perfume for both men and women. They also offered soap making
classes.

Sabon's website states that they filed for Chapter 11 bankruptcy in
May to allow them "to shed unprofitable areas of our business all
the while keeping up with your expectations."

Regarding Sabon's other locations, the website also states that
they've been in the city for 15 years and intend on staying, though
their number of stores will be reduced. They "are currently in
negotiations with our landlords and we will let you know which
stores will remain open."

The store locations which are currently listed on Sabon's website
include 1371 Sixth Avenue (56th Street), 78 Seventh Avenue (15th
Street), 630 Old Country Road (in Garden City), and 458 Broadway
(Soho – Grand Street). View contact info and hours for all stores
here.

                           About Sabon Holdings

Sabon Holdings distributes personal care products. It offers, among
other items, bath balls, foams, mineral powders, body scrubs,
shower gels, milky soaps, deodorants, perfumes, massage oil, body
lotions, hand soaps, scrubs and exfoliants, moisturizers, hand
sanitizers, lip care, and eye care products.

Sabon Holdings LLC and its affiliates sought Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 20-11320) on May 29, 2020.

The Debtors tapped SMITH, GAMBRELL & RUSSELL, LLP as counsel; and
DEVELOPMENT SPECIALISTS, INC., as restructuring advisor.


SEA OAKS: Atlantic Buying Substantially All Assets for $3 Million
-----------------------------------------------------------------
Sea Oaks Country Club, LLC, and Sea Oaks Golf Club, LLC, filed with
the U.S. Bankruptcy Court for the District of New Jersey a notice
of their proposed bidding procedures in connection with the sale of
substantially all of their assets to Atlantic Homes, Inc. for $3
million, plus the Assumed Liabilities, subject to overbid.

Both Debtors share common ownership.  J & J Partnership, LLC owns
51% of each Debtor.  Atlantic owns 49% of each Debtor.  J&J is
owned 100% by Joseph Mezzina.  Atlantic is owned 100% by the
decedent estate of Thomas V. Whelan.

Golf Club owns the real property commonly known as 99 Golfview
Drive, Little Egg Harbor, Ocean County, New Jersey situated in the
Township of Little Egg Harbor, County of Ocean, State of New
Jersey, and designated on the Official Tax Map of the Township of
Little Egg Harbor as Block 191.03, Lot 154 (155.585-acre golf
course), Block 191.03, Lot 154.03 (4.421-acre parcel), and Block
190.09, Lot 44 (30.18-acre property located on Railroad Drive),
together with all Improvements and Appurtenances.  The Real
Property is improved with an 18-hole golf course, a clubhouse,
half-way house, maintenance building, banquet hall, inn and
business office.

Golf Club also owns one motor vehicle, golf-related equipment and,
computer equipment, and much of the personal property located on
the Real Property, including, but not limited, to furniture and
fixture.  

Golf Club has no current revenues or business operations.  Its only
source of revenue historically has been rents paid by Country Club
for the use of the Golf Club Assets.

Country Club owns the following assets: a plenary consumption
retail liquor license issued by the State of New Jersey through the
Township of Little Egg Harbor, County of Ocean to Country Club,
License No. 1516-33-009-005; golf-related inventory, accounts
receivable estimated at $50,000 as of the Petition Date, and a
modest amount of food, beverage and liquor inventory.

Country Club occupies the Real Property from which it operates the
golf course, restaurant, inn and dining and catering facility owned
by Golf Club pursuant to a triple-net lease which obligates Country
Club to pay all expenses, including insurance and maintenance.
Country Club has not paid rent to Golf Club in quite some time and
therefore Golf Club has a claim against Country Club.

Golf Club and Country Club are each a party to several contracts
and leases, some of which the Debtors intend to assume and sell or
assign together with substantially all of the Assets.  In 2015,
Atlantic loaned Golf Club the principal sum of $9.6 million.  The
loan is evidenced by a promissory note and secured by, inter alia,
a recorded first priority mortgage on the Real Property.   The
Atlantic Note and Atlantic Mortgage is guaranteed by Country Club.
To date, the Atlantic Note has not been repaid or otherwise
satisfied.   

The Debtors have no funds with which to operate and has not
operated since the issuance of an order by the Governor of New
Jersey requiring it to shut down due to COVID-19.  And while that
order has been modified to permit operations at a reduced level,
the Debtors lack the funds necessary to re-open and/or operate.  In
order to maintain the Assets, including, but not limited to the
Real Property, and maximize the ultimate sales price of the
Debtors' combined Assets, Country Club has borrowed additional
funds from Atlantic as an expense of administration pursuant to
orders of the Court.  The more time that elapses before a sale can
be accomplished, the greater the risk that the Debtors' Assets will
diminish in value.

The Debtors have engaged in a long campaign to find a buyer for the
combined Assets.  They have been marketing the Golf Club Assets and
the Country Club Assets as a package since prior to the Petition
Date and have had discussions with several prospective purchasers.
They believe that they have adequately marketed the under the
circumstances and that the current offer by Atlantic is fair and
reasonable, particularly because higher and better offers will be
entertained and an auction will be held if any are received.

The Debtors, subject to approval of the Court after appropriate
notice, have entered into an Asset Purchase Agreement with Atlantic
pursuant to which the Debtors have agreed to sell to Atlantic
and/or its designee, substantially all of the Assets and to assume
and assign to Atlantic and/or its designee the Assigned Contracts.

The principal terms of the APA are as:

     a. The purchase price is $3 million the assumption of certain
liabilities.

     b. The purchase price will be allocated as follows: $200,000
to the Liquor License; the balance to the Real Property,
Improvements, furniture, fixtures, inventory, equipment and other
personal property and intangibles owned by the Debtors.   The
Debtors believe that $200,000 is a fair price for the Liquor
License based upon the fact that the Debtors received an offer from
an unaffiliated third party to purchase the Liquor Licenses
separately for a price of $150,000.

     c. The purchase price will be paid by a cash payment in the
amount of $200,000 and a credit in the amount of $2.8 million
against the amount owed to Atlantic under the Atlantic Note.

     d. Atlantic will be entitled to credit bid at the auction in
accordance with the bidding procedures approved by the Court
pursuant to an order entered on Aug. 20, 2020.

The Debtors ask authorization to sell the Assets free and clear of
liens, secured claims, unsecured claims, encumbrances and
interests, with such liens, claims, encumbrances or interests to
attach to the sale proceeds.

The Debtors have provided accurate and reasonable notice of the
sale to all persons and entities that have expressed an interest in
purchasing the Assets.  They are hopeful that, as a result of the
notice, interested purchasers will submit competing bids, attend
the Sale Hearing/auction sale and stimulate bidding.

There are filed UCC financing statements indicating that the
following parties may have an interest in some portion of the
Assets:

     a. PNC Equipment Finance, LLC (Golf Club, March 20, 2015) - 72
golf carts and a utility vehicle one 2019 Cushman Hauler 1200 Gas
Vehicle, four 2019 Cushman Hauler 800X Gas Vehicles and one 2017
refurbished Cushman Hauler 1200 Gas Vehicle, together will all
attachments, tooling, accessories, appurtenances and additions
thereto

     b. Susquehanna Commercial Finance, Inc. (Country Club, Nov. 7,
2014, continued Sept. 25, 2019) - Unknown

     c. Deere Credit, Inc. (Country Club, Nov. 19, 2013) - All
present and future goods, including equipment and inventory,
financed or leased by Secured Party

The Debtors are also rejecting all executory contracts and
agreements not included on Exhibit A.

As part of the sale, the Debtors are assigning certain of its
contracts and leases to Atlantic and anticipate any third-party
purchaser would also want to purchase these and certain other
contracts.

Atlantic is not asking and the Debtors are not requesting authority
to pay Atlantic any compensation or bidder protection payments it
if it is not the successful bidder.

In order to provide a fair and competitive process and in
anticipation of the Motion, the Debtors filed the Bidding
Procedures Hearing to establish bidding procedures that will foster
competitive bidding and an efficient disposition of the Assets.
The Bidding Procedures were approved and are set forth in the Order
entered on Aug. 20, 2020.

The Debtors ask that the hearing to approve the sale of
substantially all of the Assets to Atlantic or the high bidder at
the conclusion of the Auction, should an Auction occur, be
scheduled for Sept. 9, 2020, immediately following the Auction.  

A copy of the APA and Exhibits is available at
https://tinyurl.com/y5geyumo from PacerMonitor.com free of charge.

                   About Sea Oaks Country Club

Sea Oaks Golf Club LLC is a golf resort that offers 18 hole
semi-private golf course that is open to the public, Golf Shop,
Restaurant & Grill Room.  Sea Oaks Country Club LLC manages the
golf course and leases the property from Sea Oaks Golf Club.

Sea Oaks Country Club and Sea Oaks Golf Club sought Chapter 11
bankruptcy protection (Bankr. D.N.J. Lead Case No. 20-17229) on
June 3, 2020.  

Sea Oaks Country Club disclosed $344,900 in assets and $12.92
million in liabilities.  Sea Oaks Golf Club reported assets of
about $5.3 million in a Chapter 11 filing.  

Joseph Mezzina, managing member of J & J Partnership, signed the
petitions.

Timothy P. Neumann of Broege Neumann Fischer & Shaver, LLC, serves
as counsel to the Debtors.


SEANERGY MARITIME: CEO Plans to Buy 500,000 Common Shares
---------------------------------------------------------
Seanergy Maritime Holdings Corp.'s Chairman and Chief Executive
Officer, Mr. Stamatis Tsantanis, intends to purchase an aggregate
of up to 500,000 common shares of the Company in the open market.
In addition, for at least the next 12 months, Mr. Tsantanis does
not intend to sell any newly acquired shares of the Company or any
of the shares he currently holds, which were acquired in previous
years.

Mr. Tsantanis stated: "My intention to purchase Seanergy's shares
reflects my strong confidence in the Company and its fundamentals.
Notwithstanding the challenging environment of the first half of
2020, as discussed in our recent announcements, we have achieved
notable transactions associated with fleet expansion and debt
reduction.  Further developments regarding ongoing discussions with
certain of our creditors are expected to be announced soon.
Seanergy is well positioned to navigate in an improved market
environment."

In addition, it is the Company's intention not to initiate any
public equity offerings until March 2021, nor to implement any
reverse stock splits prior to that date.  Lastly, regarding the
Class E warrants that were issued pursuant to the Company's $25.0
Million underwritten public offering that closed on Aug. 20, 2020,
the Company's Board of Directors does not intend to exercise its
option, pursuant to the terms of the warrants, to adjust the
original exercise price of $0.70 per share downwards.
Notwithstanding the Company's current intentions, the Board of
Directors will continue to evaluate all available strategic
alternatives, which may include stock issuances to the Company's
creditors as a means of addressing maturing debt instruments, based
on market conditions and other factors which may arise in the
future.

                       About Seanergy Maritime

Greece-based Seanergy Maritime Holdings Corp. --
http://www.seanergymaritime.com-- is the only pure-play Capesize
ship-owner publicly listed in the US. Seanergy provides marine dry
bulk transportation services through a fleet of 11 Capesize vessels
with an average age of about 11.5 years and aggregate cargo
carrying capacity of approximately 1,926,117 dwt.  The Company is
incorporated in the Marshall Islands and has executive offices in
Athens, Greece.

Seanergy Maritime reported a net loss of US$11.70 million for the
Dec. 31, 2019, a net loss of US$21.06 million for the year ended
Dec. 31, 2018, and a net loss of US$3.23 million for the year ended
Dec. 31, 2017.  As of Dec. 31, 2019, the Company had US$282.55
million in total assets, US$252.69 million in total liabilities,
and US$29.86 million in total stockholders' equity.

Ernst & Young (Hellas) Certified Auditors Accountants S.A., in
Athens, Greece, the Company's auditor since 2012, issued a "going
concern" qualification in its report dated March 5, 2020 citing
that the Company has a working capital deficiency and has stated
that substantial doubt exists about the Company's ability to
continue as a going concern.  In addition, the Company has not
complied with a certain covenant of a loan agreement with a bank.


SEASPRAY RESORT: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case of
Seaspray Resort LTD, according to court dockets.
    
                     About Seaspray Resort LTD
  
Seaspray Resort LTD sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 20-17868) on July 20,
2020.  At the time of the filing, Debtor disclosed assets of
between $1 million and $10 million and liabilities of the same
range.  Judge Mindy A. Mora oversees the case.  Townsend, LLC is
Debtor's legal counsel.


SIGNATURE CONSTRUCTION: Sept. 17 & 24 Auctions of Property Approved
-------------------------------------------------------------------
Judge David M. Warren of the U.S. Bankruptcy Court for the Eastern
District of North Carolina authorized Signature Construction Group,
LLC's sale of the real and personal property listed on Exhibit A
through a public auction with onsite and internet bidding to be
conducted by Country Boys Auction & Realty Co., Inc.

The personal property of the Debtor will be offered for sale on
Sept. 17, 2020 at 10:00 a.m. at the Country Boys Auction Sale Yard
located at 1211 W. 5th St., Washington, NC 27889, or as soon
thereafter as is practicable.  The real property of the Debtor will
be offered for sale on Sept. 24, 2020 at 11:00 a.m. on the site of
the real property, 3449 Southport-Supply Road, Bolivia, NC 28422,
or as soon thereafter as is practicable.

The Debtor's real and personal property will be sold free and clear
of the following liens, encumbrances, rights, interests, and claims
of record:

     a. Any and all property taxes due and owing to the Brunswick
County Tax Office;

     b. Any and all liens of E.G. Dale based upon the deed of trust
recorded at Book 3973, Page 269 of the Brunswick County Registry;

     c. Any and all liens of Roy and Brenda Fairchild based upon
the transcription of judgment filed with the Brunswick County Clerk
of Superior Court on Feb. 24, 2020 at file no. 20 T 17.  The
purported lien is subject to a bona fide dispute, Adversary
Proceeding No. 20-00079-5-DMW; and

     d. Any and all remaining interests, liens, encumbrances,
rights and claims asserted against the Property, whether fixed and
liquidated or contingent and unliquidated, that have or may be
asserted against the Property by the North Carolina Department of
Revenue and the Internal Revenue Service.

The Liens on the personal property sold will attach to the proceeds
of sale in the order of their priority.  The proceeds of sale will
be disbursed to lien holders based on the priorities of their
respective liens, including liens which may be
cross-collateralized, and lienholders, to the extent they may be
oversecured, will be paid interest, reasonable attorney's fees,
costs and charges pursuant to Section 506(b) of the Code after the
payment of reasonable, necessary costs and expenses under Section
506(c).

A copy of the Exhibit A is available at
https://tinyurl.com/y39ddgus from PacerMonitor.com free of charge.

                 About Signature Construction Group

Signature Construction Group, LLC --
http://www.signaturegroupnc.com/-- is a Southport, NC-based
general contractor specializing in luxury custom home building.

Signature Construction Group, LLC, filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.C.
Case No.20-02019) on May 23, 2020.  In the petition signed by Sean
J. York, member manager, the Debtor was estimated to have $100,000
to $500,000 in assets and $1 million to $10 million in liabilities.
Richard P. Cook, Esq. at RICHARD P. COOK, PLLC, represents the
Debtor.


SONOMA PHARMACEUTICALS: Appoints New Chief Financial Officer
------------------------------------------------------------
Effective on Sept. 8, 2020, Sonoma Pharmaceuticals, Inc.'s Board of
Directors appointed Jerry Dvonch as its new chief financial officer
and accepted the resignation of Mr. Grant Edwards as chief
financial officer.  The Company thanks Mr. Edwards for all of his
services and wish him the best in his future endeavors.

Mr. Dvonch, age 52, joins the Company from the SpineCenter Atlanta
where he was the controller and senior vice president of Finance
and Accounting since March 2017.  From March 2016 to April 2016 he
was a consultant controller for DS Healthcare Group, Inc.  Prior to
that he was the director for external reporting and director of
finance of NeoGenomics Laboratories from July 2005 to July 2015.
He has over 10 years of experience with SEC reporting.  Mr. Dvonch
is a licensed Certified Public Accountant in New York.  He holds a
Master of Business Administration in Finance from the University of
Rochester and a Bachelor of Business Administration in Accounting
from Niagara University.

Mr. Dvonch will be employed at-will.  The Company agreed to
compensate Mr. Dvonch $200,000 per year.  Mr. Dvonch is eligible
for a bonus up to 50% of his annual salary, prorated the first year
based on a fiscal year end of March 31 and dependent upon meeting
specified performance goals.  He is also eligible for equity grants
within the normal employee equity programs and for benefits, such
as vacation, and our medical, dental, vision and retirement plans.

The Company agreed that Mr. Edwards will assist with the transition
period at a rate of $200 per hour.  His previously granted 2,609
shares of common stock will vest on Sept. 15, 2020. No further
equity grants will be made to Mr. Edwards.

                  About Sonoma Pharmaceuticals

Sonoma Pharmaceuticals, Inc. -- http://www.sonomapharma.com/-- is
a global healthcare company that develops and produces stabilized
hypochlorous acid, or HOCl, products for a wide range of
applications, including wound care, animal health care, eye care,
oral care and dermatological conditions. The Company's products
reduce infections, itch, pain, scarring and harmful inflammatory
responses in a safe and effective manner. In-vitro and clinical
studies of HOCl show it to have impressive antipruritic,
antimicrobial, antiviral and anti-inflammatory properties.  Its
stabilized HOCl immediately relieves itch and pain, kills pathogens
and breaks down biofilm, does not sting or irritate skin and
oxygenates the cells in the area treated assisting the body in its
natural healing process.  The Company sells its products either
directly or via partners in 53 countries worldwide.

Sonoma reported a net loss of $2.95 million for the year ended
March 31, 2020, compared to a net loss of $11.80 million for the
year ended March 31, 2019.  As of June 30, 2020, the Company had
$18.65 million in total assets, $7.24 million in total liabilities,
and $11.41 million in total stockholders' equity.

Marcum LLP, in New York, NY, the Company's auditor since at least
2006, issued a "going concern" qualification in its report dated
July 10, 2020, citing that the Company 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.


SOUNDVIEW PREPARATORY: Unicorn Buying Yorktown Property for $2.85M
------------------------------------------------------------------
Soundview Preparatory School filed with the U.S. Bankruptcy Court
for the Southern District of New York a notice of its private sale
of the real property located at 370 Underhill Avenue, Yorktown
Heights, New York to Unicorn Contracting Corp., pursuant to the
Real Estate Contract of Sale dated May 22, 2020, as amended on Aug.
11, 2020, for $2.5 million, with an additional $350,000 to be paid
upon approval of the Purchaser's intended development for the
Property by the municipality.

A telephonic hearing on the Motion is set for Sept. 21, 2020 at
10:00 a.m.  Objections, if any, must be filed no later than seven
days prior to the hearing date.  Parties that wish to appear at the
hearing must register with CourtSolutions at
https://www/court-solutions.com.  CourtSolutions telephonic
appearance instructions can be found in General Order M-543.

The Debtor is a not-for-profit education corporation which operated
a small private school serving 6th through 12th grade students.  It
operated from the Property which it purchased in 2007.

Over the past few years, the Debtor experienced declining
enrollment, however, due the efforts of its leadership and the
generosity of its benefactors (many of whom are current Board
members), as well as mid-year enrollments, it was historically able
to keep the doors open.  Sadly, in January 2020, immediate cash
flow shortages made this impossible and the school was forced to
announce closure in the middle of its academic year.  

Focused on finding a path forward that would provide the greatest
recovery to the Debtor's creditors, the Board set out to monetize
the Debtor's most valuable asset, the Property.  The Purchaser is a
successful and well-respected developer in the area who recently
completed a project in the Town, not far from the Property.
Negotiations took place first between the Board and Purchaser and
later through their respective counsel, and the result of these
negotiations were successfully memorialized in the Contract.

BOA had agreed that it would waive monthly interest for June and
July as well as any pre-payment penalty that may be due in
connection with the payoff, if the Debtor was able to close on the
sale transaction by July 31, 2020, which unfortunately was not
possible.  Given what it believed to be the best path forward, the
Board submitted a Petition to sell its property to the New York
State Attorney General's office ("AG"), which is required under
applicable State law.  In connection with the Petition, the Debtor
commissioned an updated appraisal report.  The Debtor was advised
that a waiver could not be issued because, among other reasons, the
statute does not permit a waiver when the petitioner is insolvent.


Although the Debtor is required to obtain a Court Order authorizing
the sale of the Property, the Debtor has continued to work through
the AG's comments to the Petition and requests for additional
information.  Faced with the requirement that the Debtor would need
judicial approval for the sale of the Property, given its
insolvency, and the concern that proceeding in State Court would be
more costly and take longer than doing so in bankruptcy court, the
Debtor elected to proceed with the liquidation of its assets and
orderly wind down of its affairs through a chapter 11 process.

On May 22, 2020, the Debtor entered into the Contract with the
Purchaser to sell the Property for $2.5 million, with an additional
$350,000 to be paid upon approval of the Purchaser's intended
development for the Property by the municipality.

At the time of Contract, according to the Debtor's calculations and
the agreement with BOA, the Debtor believed that the proceeds from
sale would be sufficient to satisfy BOA (per the agreement), all
outstanding wages and benefits due its faculty and staff,
professional fees (legal and accounting), the repayment in full of
the tuition due families, the Debtor's vendors with a 40%
distribution to the former Head of School and former Assistant Head
under their contracts.  When the decision was made to ask authority
to sell the Property in bankruptcy the Debtor and the Purchaser
negotiated an Amendment to the Contract.  The Amendment served
several purposes.

The Amendment addressed certain of the concerns raised by the AG,
the most significant being the payment of the full Purchase Price
at closing instead of in two installments which, at best, would
mean a delay in payment to creditors and, at worst, risk of
non-payment on the Second Payment if the conditions were not met.
Also, the Amendment gave the Debtor comfort that the Purchaser
would continue to be bound to its obligation to purchase the
Property, subject to the terms of the Contract and in turn, gave
the Purchaser certain protections going forward.

The assumption of the Contract is a necessary component of the sale
transaction.  The assumption of the Contract will allow the Debtor
to proceed with the sale of the Property, as such, represents the
sound exercise of the Debtor's business judgment.  

The Debtor submits that the circumstances in the case warrant
approval of a private sale to Purchaser as it is not only in an
amount which it believes is the highest and best price, but will
allow it to limit its administrative costs with a swift closing and
expedite the distribution to creditors, many of whom are the
families of students who themselves are experiencing financial
difficulties and desperately need their tuition refund.  Based upon
the foregoing, the Debtor respectfully submitted that it has
exercised sound business judgment in proceeding with a sale of the
Property via the Contract and through a private sale process.

In addition to asking approval of a private sale outside of the
ordinary course of business, the Debtor asks approval to sell the
Property, free and clear of any and all liens, claims or
encumbrances.  The Debtor's creditors include Bank of America,
which holds a mortgage on the campus in the approximate amount of
$2.3 million, the Head of School who is owed wages from the end of
the year in the amount of $68,500, certain former faculty and staff
who are owed (employer) retirement contributions totaling
approximately $16,000, suppliers and service providers in the
approximate amount of $90,000 and the families of students who paid
tuition through the end of the academic year $300,000.  There is
also an additional $234,000 due under retirement contracts to the
former Head of School and former Assistant Head, which claims may
be subject to subordination or adjustment.  

The Purchase Price is in an amount sufficient to satisfy all liens
against the Property while still leaving sufficient remaining funds
to satisfy all priority claims in full and providing for  a
significant distribution to general unsecured creditors.

A copy of the Contract is available at https://tinyurl.com/y4xyrgfh
from PacerMonitor.com free of charge.

Counsel for Debtor:  

        Erica R. Aisner, Esq.
        KIRBY AISNER & CURLEY LLP
        700 Post Road, Suite 237
        Scarsdale, NY 10583
        Telephone: (914) 401-9500
        E-mail: eaisner@kacllp.com  

Soundview Preparatory School sought Chapter 11 protection (Bankr.
S.D.N.Y. Case No. 20-22948 (RDD)) on Aug. 19, 2020.


TOMMIE BROADWATER, JR: Selling Capitol Heights Property for $45K
----------------------------------------------------------------
Tommie Broadwater, Jr., asks the U.S. Bankruptcy Court for the
District of Maryland to authorize the sale of the real property
located at 6111 Jost Street, Capitol Heights, Maryland to Timothy
Burley for $45,000, cash, free and clear of liens, claims,
encumbrances, interests.

An Application to Employ Broker Theodore Meginson and M & M Real
Estate Properties, L.L.C. was filed on Sept. 6, 2019 respective to
five properties with listing agreements.  After objections, the
Broker's application was granted.  Various properties have been
added by the Broker to the listings.  Some of these are beginning
to bear fruit.

The Debtor has procured a contract of sale the Property for $45,000
to the Purchaser.  The Property is owned jointly by the Debtor.
The Debtor's Broker serves as dual agent for both the Debtor and
the Buyer under the Contract.  Although the Broker is employed as a
realtor in the Chapter 11 case to the sole benefit of the Debtor as
a disinterested professional without adversity, the Debtor and the
Buyer desire dual agency of the Broker and have so agreed.  The
Contract was ratified and provided to the Court during the night of
June 23, 2020.  

The Contract calls for a closing settlement on Sept. 15, 2020.
There is a $2,000 deposit from the Buyer held by the Broker.  The
purchase of the Property under the Contract is "as is."  The
Property is an unimproved lot consisting of .0170 acres.   

There is a third party approval contingency for the "Bankruptcy
Attorney" and that requires approval within 45 days of Aug. 12,
2020, which would be Sept. 26, 2020.  The closing as noted is Sept.
15, 2020 which is anomalous with the third party approval date.
Perhaps the more logical way to look at it is that 24 days from the
date of the Motion is Sept. 11, 2020 for notice.  Given that the
next scheduled date for such hearings on the Court's website is
Sept. 21, 2020, a Motion to Specially Set Hearing by Sept. 14, 2020
at 11:00 a.m. is being filed herewith so as to accommodate the
closing date of Sept. 15, 2020.  If the Court chooses to reduce
notice so as to accommodate an earlier hearing date and time, that
is premised as well in the Motion.

The Buyer is to pay all settlement costs, other than transfer
charges.  By addendum, the Broker receives a $325 transaction fee
supplemental to the commission.  Commission is not contingent upon
closing in the Contract.  Although not provided for in the
Contract, the Debtor and the Buyer intend that if the sale closes
in connection with confirmation of the Amended Plan the transfer
taxes would be excluded under 11 U.S.C. Section 1146(a).

Although there is an IRS lien on the Property, there are no
mortgages.

The secured claimant on the Property is the IRS with a secured
claim of $776,549.   The Debtor avers that he is current on real
property taxes on the Property other than those for the current
term which will be split.

By reference, the Debtor's Amended Schedules A/B reference the
Property to be worth $35,300.  The BPO prepared by the authorized
Realtor, Ross Levin, demonstrates at Exhibit 10 to the current
pending Disclosure Statement does not value the Property; however,
Ms. Paula Sommerville an unauthorized realtor lists it at $35,300.
The SDAT showing last updated 01/2018 shows the Property to be
$35,300.  The Debtor would testify that the Property has been
listed on the market since 2019 and that he believes under current
conditions both of the Property and the market the purchase price
for $45,000 is appropriate and fair market value.

Finally, waiver of the 14-day period under Fed. R. Bankr. P.
6004(h) is requested and incorporated to the Order so as to permit
closing.  So as to avoid any settlement irregularities given the
existence of an IRS claim -- albeit secured -- the Motion asks that
the Court requires the IRS to file a Line of no opposition or
consent as it has done previously, unless of course the IRS has a
substantive objection.  And of course it accommodates a closing on
Sept. 15, 2020.

A copy of the Agreement is available at
https://tinyurl.com/y5cwc8du from PacerMonitor.com free of charge.

Tommie Broadwater, Jr. sought Chapter 11 protection (Bankr. D. Md.
Case No. 18-11460) on Feb. 2, 2018.  The Debtor filed Pro Se.  The
Court appointed Theodore Meginson and M & M Real Estate Properties,
L.L.C. as Broker.


TONOPAH SOLAR: Owner Tells Court of Hopes for Year-End Restart
--------------------------------------------------------------
Law360 reports that the owner of a federally funded $1 billion
solar project in Nevada, Tonopah Solar Energy, told a Delaware
judge July 31, 2020, it hopes to quickly move along the Chapter 11
restructuring of its roughly $430 million debt and have the plant
operating once again by the end of the year.

During a virtual hearing, U.S. Bankruptcy Judge Karen B. Owens gave
her nod to various first day motions from Tonopah Solar Energy LLC,
including its use of cash collateral to fund operations as the
Chapter 11 proceeds and as the plant continues being repaired.

                  About Tonopah Solar Energy

Tonopah Solar Energy, LLC, owns and operates a net 110-megawatt
concentrated solar energy power plant located near Tonopah in Nye
County, Nevada.  The Power Plant is also known as the Crescent
Dunes Solar Energy Project.  The Project is the first utility-scale
concentrated solar power plant in the United States to be fully
integrated with energy storage technology.  The Power Plant uses
solar power technology to concentrate and convert sunlight into
heat energy, which is stored and converted, through a series of
heat exchangers, to generate high-pressure steam.

Tonopah Solar Energy filed a Chapter 11 petition (Bankr. D. Del.
Case No. 20-11884) on July 30, 2020.  The Hon. Karen B. Owens
oversees the case.

At the time of filing, the Debtor was estimated to have $500
million to $1 billion in assets and $100 million to $500 million in
liabilities.

The Debtor tapped YOUNG CONAWAY STARGATT & TAYLOR, LLP, and WILLKIE
FARR & GALLAGHER LLP as counsel.


TPT GLOBAL: Inks Strategic Partnership Deal with Thomas Scientific
------------------------------------------------------------------
TPT Global Tech, Inc. has entered into a strategic partnership with
Thomas Scientific.  Founded in 1900 with over 200 sales reps,
Thomas Scientific is a global provider of automated laboratory
instruments and solutions.  Thomas Scientific will provide sales
and marketing support to TPT MedTech, wholly owned subsidiary, to
sell and market TPT MedTech's QuikLAB, QuikPass App and Hardware,
SaniQuik and PPE products in the United States. TPT MedTech will
sell and market Thomas Scientific products and services on TPT
MedTech E-commerce website as a reseller of Thomas Scientific.
Thomas Scientific will provide supply chain support to TPT
MedTech's QuikLab product channel on an exclusive basis.  Thomas
Scientific will provide tier one support for TPT MedTech's products
and services throughout the United States.

"Another milestone met," says Stephen Thomas, CEO of TPT Global
Tech.  "We believe this relationship with Thomas Scientific gives
TPT Med Tech all the products, services and experience it needs to
operate its QuikLAB and Epic Lab locations nationwide.  The decades
of business knowledge and experience that Thomas Scientific brings
to play is very powerful to our organization and we look forward to
a very long and profitable relationship."

Thomas Scientific provides the latest in equipment and supplies to
the science community.  In accordance to the tradition of the
original founders, Thomas Scientific itself offers individualized
customer service, innovative scientific equipment, and a
comprehensive portfolio offering a wide selection of product
listings.  They are a registered contractor for the U.S. Federal
Government.

                        About TPT Global Tech

TPT Global Tech Inc. (OTC:TPTW) based in San Diego, California, is
a Technology/Telecommunications Media Content Hub for Domestic and
International syndication and also provides technology solutions to
businesses domestically and worldwide.  TPT Global offers Software
as a Service (SaaS), Technology Platform as a Service (PAAS),
Cloud-based Unified Communication as a Service (UCaaS) and
carrier-grade performance and support for businesses over its
private IP MPLS fiber and wireless network in the United States.
TPT's cloud-based UCaaS services allow businesses of any size to
enjoy all the latest voice, data, media and collaboration features
in today's global technology markets. TPT's also operates as a
Master Distributor for Nationwide Mobile Virtual Network Operators
(MVNO) and Independent Sales Organization (ISO) as a Master
Distributor for Pre-Paid Cellphone services, Mobile phones
Cellphone Accessories and Global Roaming Cellphones.

TPT Global reported a net loss of $14.03 million for the year ended
Dec. 31, 2019, compared to a net loss of $5.38 million for the year
ended Dec. 31, 2018.  As of June 30, 2020, the Company had $15.45
million in total assets, $35.38 million in total liabilities, $4.79
million in total mezzanine equity, and $24.77 in total
stockholders' deficit.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, the
Company's auditor since 2016, issued a "going concern"
qualification in its report dated April 14, 2020 citing that the
Company has suffered recurring losses from operations and has a net
capital deficiency which raise substantial doubt about its ability
to continue as a going concern.


TRIVASCULAR SALES: Oscor Inc. Removed as Committee Member
---------------------------------------------------------
The Office of the U.S. Trustee disclosed in a notice filed with the
U.S. Bankruptcy Court for the Northern District of Texas that these
creditors are the remaining members of the official committee of
unsecured creditors in the Chapter 11 cases of TriVascular Sales,
LLC and its affiliates:

     1. Alan Collins
        44 Glores Drive
        Mastic, NY 11950
        631-618-7922
        olliec55@gmail.com

     2. Partner Fund Management, LP
        c/o PFM Healthcare Master Fund, LP
        c/o Christopher Mosellen
        4 Embarcadero Center, Ste. 3500
        San Francisco, CA 94111
        415-281-1022
        415-281-1070-fax
        cmosellen@pfmlp.com

     3. Ronald Santoro
        598 Northwest 94th Terrace
        Portland, OR 97229
        503-297-8741
        rsant26659@aol.com

     4. Wilmington Trust, National Association
        as Indenture Trustee
        c/o Steven Cimalore
        1100 North Market Street
        Wilmington, DE 19890
        302-636-6058
        scimalore@wilmingtontrust.com

Oscor, Inc.'s name did not appear in the notice.  The company was
appointed as committee member on July 16, court filings show.

                      About TriVascular Sales

TriVascular Sales, LLC and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Texas Lead Case No.
20-31840) on July 5, 2020.  At the time of the filing, TriVascular
Sales had estimated assets of less than $50,000 and liabilities of
between $100 million and $500 million.  Judge Stacey G. Jernigan
oversees the cases.

The Debtors have tapped DLA Piper LLP (US) as their legal counsel
and FTI Consulting, Inc. as their financial advisor.  Omni Agent
Solutions is the claims, noticing and administrative agent.

The Office of the U.S. Trustee appointed a committee to represent
unsecured creditors in Debtors' bankruptcy cases on July 16, 2020.
The committee has tapped Kasowitz Benson Torres LLP and Norton Rose
Fulbright US LLP as its legal counsel and Ankura Consulting Group,
LLC as its financial advisor.


TRUDY’S TEXAS: Hargett Hunter Wins Auction for Tex-Mex Chain
--------------------------------------------------------------
Paul Thompson of the Austin Business Journal reports that North
Carolina-based private equity firm Hargett Hunter Capital
Management won a July 23 auction for the Austin restaurant chain.


The ABJ reported Sept. 11, 2020 that seasoned restaurant operator
Dan Smith has taken over as CEO at Trudy's after private equity
firm Hargett Hunter purchased the Austin-based restaurant chain out
of bankruptcy.

Trudy's Texas Star Inc. owns three locations of Tex-Mex eatery
Trudy’s in Austin as well as South Congress Cafe and all remain
open.

Jeff Brock, Hargett Hunter’s founder and managing partner, said
July 24 the firm was "very excited to partner with such an iconic
Austin brand."

Hargett Hunter Capital Management was founded by Jeff Brock, who
also is a co-founder of the separate Raleigh, N.C.-based Hargett
Hunter Capital Partners LCC that owns the seven-unit Bellagreen
(rebranded from the former Ruggles Green) and 15-unit ChopShop.
Hargett Hunter Capital Management has investments in Marugame Udon
and other restaurant brands.

Brock, Hargett Hunter's managing partner, told the Austin Business
Journal that the firm planned to invest in stabilizing operations
at Trudy's. The deal does not include a closed Trudy's unit in
Dripping Springs, Texas.

                   About Trudy's Texas Star Inc.

Trudy's Texas Star, Inc., an Austin, Texas-based company that
operates a chain of restaurants, filed a Chapter 11 petition
(Bankr. W.D. Tex. Case No. 20-10108) on Jan. 22, 2020. At the time
of the filing, Debtor estimated $1 million to $10 million in both
assets and liabilities.  The petition was signed by Stephen
Truesdel, authorized representative.  Judge Tony M. Davis oversees
the case.  Stephen W. Sather, Esq., at Barron & Newburger, PC, is
Debtor's bankruptcy counsel.


VERITY HEALTH: Gets Conditional Ok from Cal. AG to Sell 2 Hospitals
-------------------------------------------------------------------
Alia Paavola, writing for Beckers Hospital Review, reports that the
California Attorney General Xavier Becerra conditionally approved
the sale of two California hospitals to for-profit hospital
operator AHMC Healthcare on July 27.

El Segundo, Calif.-based Verity Health, which entered Chapter 11
bankruptcy in 2018, reached a deal to sell the two hospitals in
April 2020.

Under the deal, Verity would sell Seton Medical Center in Daly
City, Calif., and Seton Coastside in Moss Beach, Calif., to AHMC
for $40 million.

Mr. Becerra approved the deal so long as AHMC meets certain
conditions, including that it will keep the hospitals open at least
five and a half years after the sale.  In addition, AHMC would need
to offer more than $1 million in charity care for the surrounding
community in the next six fiscal years.

As part of the charity care requirement, Mr. Becerra said AHMC
needs to cover in full care for individuals who are uninsured or
earn at or below 250 percent of the federal poverty level.

In addition, AHMC must make safety improvements to the facilities
and maintain access to women's healthcare services for five and a
half years.

"As the COVID-19 public health crisis continues to mount, it's
crucial that California communities have access to lifesaving
hospital care," said Mr. Becerra. "That's why the conditions we
have attached to the proposed sale of Seton focus on improving care
and services at the facilities — increasing the amount of charity
care, the benefits to the community and investment in improvements
for the facilities."

                     About Verity Health System

Verity Health System -- https://www.verity.org/ -- operates as a
non-profit health care system in the state of California, with
approximately 1,680 inpatient beds, six active emergency rooms, a
trauma center, and a host of medical specialties, including
tertiary and quaternary care. Verity's two Southern California
hospitals are St. Francis Medical Center in Lynwood and St. Vincent
Medical Center in Los Angeles. In Northern California, O'Connor
Hospital in San Jose, St. Louise Regional Hospital in Gilroy, Seton
Medical Center in Daly City and Seton Coastside in Moss Beach are
part of Verity Health. Verity Health also includes Verity Medical
Foundation.  

With more than 100 primary care and specialty physicians, VMF
offers medical, surgical and related healthcare services for people
of all ages at community-based, multi-specialty clinics
conveniently located in areas served by the Verity hospitals.
Verity Health System was created in a transaction approved by
California Attorney General Kamala Harris and completed in December
2015.

Verity Health System of California, Inc., and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D.
Cal. Lead Case No. 18-20151) on Aug. 31, 2018.  In the petition
signed by CEO Richard Adcock, Verity Health estimated assets of
$500 million to $1 billion and liabilities of $500 million to $1
billion.  

Judge Ernest M. Robles oversees the cases.

The Debtors tapped Dentons US LLP as their bankruptcy counsel;
Berkeley Research Group, LLC, as financial advisor; Cain Brothers
as investment banker; and Kurtzman Carson Consultants as claims
agent.

The official committee of unsecured creditors formed in the case
retained Milbank, Tweed, Hadley & McCloy LLP as counsel.



VIDANGEL INC: To Emerge from Bankruptcy After Disney Settlement
---------------------------------------------------------------
VidAngel, the family-friendly streaming app and original content
studio, on announced a settlement on Sept. 4 in its four-year legal
battle with Disney, Warner Brothers, and other studios.  The
agreement, which allows VidAngel to now fully emerge from
bankruptcy, was finalized in Utah's bankruptcy court. Judge Kevin
R. Anderson presided over the bankruptcy.

Statement from VidAngel CEO Neal Harmon:

"After a long and extremely difficult legal battle in one of the
biggest copyright cases in decades, we have finally come to an
agreement in which VidAngel can emerge from bankruptcy and move
forward as a rapidly-growing company. As with any compromise, we
had to make painfully difficult concessions to arrive at this
agreement, as did Disney and Warner Brothers. We want to thank the
team at Disney and Warner Brothers for negotiating this settlement
in good faith. We also want to thank our fans and supporters,
millions of people who have stood with us through thick and thin
over the last four years of a battle that all-too-often looked lost
and hopeless. Now, we can reward you for all of your support with
incredible original content like The Chosen and Dry Bar Comedy and
expand our mission to help you make entertainment good for your
home."

Overview of Legal Settlement

   * Disney and Warner Brothers have agreed to compromise and
substantially discount the $62.4 million-dollar District Court
judgment against VidAngel.

   * VidAngel has agreed not to decrypt, copy, stream or distribute
content of Disney, Warner Brothers, and their affiliates without
permission from the Studios.

   * VidAngel has agreed to drop its 9th Circuit legal appeal.

   * VidAngel has agreed to pay $9.9 million over 14 years to
Disney and Warner Brothers.

                        About Vidangel Inc.

Based in Provo, Utah, VidAngel, Inc., is an entertainment platform
empowering users to filter language, nudity, violence, and other
content from movies and TV shows on modern streaming devices such
as iOS, Android, and Roku. The company's newly launched service
empowers users to filter via their Netflix, Amazon Prime, and HBO
on Amazon Prime accounts, as well as enjoy original content
produced by VidAngel Studios. Its signature original series, Dry
Bar Comedy, now features the world's largest collection of clean
standup comedy, earning rave reviews from fans  nationwide.

VidAngel filed a Chapter 11 petition (Bankr. D. Utah Case No.
17-29073) on Oct. 18, 2017. In the petition signed by CEO Neal
Harmon, Debtor was estimated to have $1 million to $10 million in
both assets and liabilities.

Judge Kevin R. Anderson oversees the case.

Debtor has tapped Parsons Behle & Latimer as its bankruptcy
counsel; Durham Jones & Pinegar, Baker Marquart LLP, and Stris &
Maher LLP as special counsel; Call & Jensen, P.C. as special
counsel; and Tanner LLC as auditor and advisor.  Analysis Group,
Inc. is Debtor's economic consulting expert.

George Hofmann is the Chapter 11 trustee appointed in Debtor's
bankruptcy case.  The trustee has tapped Cohne Kinghon, P.C. as his
bankruptcy counsel, Berkeley Research Group as valuation advisor,
and Hashimoto Forensic Accounting, LLC as accountant and financial
advisors.  Call & Jensen, P.C., TraskBritt P.C., Magleby Cataxinos
& Greenwood P.C., and Kaplan, Voekler, Cunningham & Frank, PLC
serve as special counsel for the bankruptcy trustee.    

On Sept. 4, 2020, Judge Kevin R. Anderson confirmed the Chapter 11
plan of reorganization proposed by Disney Enterprises, Inc. and
other creditors for Debtor.



VIVUS INC: Court Orders U.S. Trustee to Appoint Equity Committee
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware on Sept. 11,
2020, ordered the Office of the U.S. Trustee to appoint a committee
of equity security holders in the Chapter 11 cases of VIVUS Inc.
and its affiliates.

Last month, the court denied the motion filed by equity holder
Steven Chlavin who requested the appointment of an equity
committee.  Mr. Chlavin complained they were the only stakeholders
who stand to lose anything under the companies' joint prepackaged
Chapter 11 plan of reorganization.

VIVUS and IEH Biopharma LLC opposed the motion, saying Mr. Chlavin
failed to meet the "burden of establishing both a substantial
likelihood that equity will receive a meaningful distribution and
that the interests of equity holders cannot be adequately
represented without an official equity committee."

                          About Vivus Inc

Vivus Inc is a biopharmaceutical company committed to the
development and commercialization of innovative therapies that
focus on advancing treatments for patients with serious unmet
medical needs.  It was incorporated in 1991 in California and
reincorporated in 1996 in Delaware.  As of the petition date, Vivus
is a publicly traded company with its shares listed on the Nasdaq
Global Market LLC under the ticker symbol "VVUS."  Vivus maintains
its headquarters in Campbell, Calif.  Visit https://www.vivus.com
for more information.

Vivus and three of its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No. 20-11779) on
July 7, 2020.  Mark Oki, chief financial officer, signed the
petitions.  Judge Laurie Selber Silverstein presides over the
cases.

As of May 31, 2020, Debtors reported total assets of $213,884,000
and total liabilities of $281,669,000.

Debtors have tapped Weil Gotshal & Manges LP as their general
bankruptcy counsel, Richards, Layton & Finger P.A. as local
counsel, Ernst & Young as financial advisor, and Piper Sandler
Companies as investment banker.  Stretto is the claims and noticing
agent.


VOSSEKUIL PROPERTIES: DOT Buying Fond du Lac Property for $165K
---------------------------------------------------------------
Vossekuil Properties, LLC, filed with the US Bankruptcy Court for
the Eastern District of Wisconsin a notice of its sale of the real
property located at W3894 STH 23, Town of Empire, Fond du Lac,
Wisconsin to Wisconsin Department of Transportation ("DOT") for
$165,000.

Objections, if any, must be filed no later than 21 days from the
date of the notice.

The estate has an interest in the Property.  The Tax Parcel ID No.
is T08-15-18-09-14-002-00.  The Debtor has a fee simple ownership
interest in the Property, as evidenced by the warranty deed filed
as document # 1040698 with the Fond du Lac County Register of Deeds
on July 31, 2014.  

The Debtor has received an offer from the DOT to purchase the
Property for $165,000.  The offer was made in connection with the
DOT's expansion of Highway 23, as a jurisdictional offer preceding
a possible eminent domain action.  The Debtor wishes to accept the
jurisdictional offer and proceed to closing.

The Property is subject to the following liens and encumbrances of
record:

      a. Outstanding real estate taxes for tax year 2019 in the
amount of approximately $1,144, plus 2020 tax prorations.

      b. A mortgage to F Street Investments, LLC, in the original
amount of $85,000, recorded with the Fond du Lac County Register of
Deeds as Document # 1040699 on July 31, 2014.  F Street asserts a
current balance owed of approximately $130,000, which the Debtor
has disputed.  The parties have begun discussions regarding the
disputed balance, but have not yet reached a resolution.  In the
event the parties agree on a balance, they will file a stipulation
to that effect with the Bankruptcy Court.

      c. A judgment lien in favor of Wisconsin Real Estate
Investments, LLC ("WREI"), docketed within the preference period,
on May 21, 2020, in Fond du Lac County Case # 19-CV-490.  The
judgment lien will be satisfied in connection with the separate
adequate protection agreement reached between the Debtor and WREI,
and will not be paid from the proceeds of the sale.

The Debtor believes that the offered amount is fair.  The fair
market value of the property according to the tax bill is $137,000,
and the Zillow estimate of value is $167,286.

The closing on the sale of the Property will take place by Oct. 30,
2020.   The sale will be free and clear of liens, with liens to
attach to the proceeds of sale.  There are no commissions to be
incurred in connection with the sale.  

After payment of all standard seller's costs of sale, the real
estate taxes and prorations, the remaining proceeds will be paid as
follows:

     a. If a Stipulation with F Street has been filed identifying
the agreed balance owed, the proceeds will next be paid out to F
Street in satisfaction of its agreed claim;

     b. If no such Stipulation with F Street has been filed, the
remaining proceeds will be paid to the Steinhilber Swanson Client
Escrow Trust Account, and held pending resolutions of the disputed
F Street claim, and upon a Court determination of the balance owed
to F Street, such amount will be paid from the proceeds of sale.

     c. Upon payment of F Street, any remaining balance of proceeds
will be paid to the Debtor.

Based on the Debtor's knowledge of the Property and its potential
market, the offer appears to be reasonable, and should be accepted
and approved.  The Debtor believes that the sale is in the best
interests of the estate.

It asks that the Stay of Order contained in F.R.B.P. 6004 be
waived, in order to allow the sale to proceed as scheduled.

A copy of the Agreement is available at
https://tinyurl.com/y337ahx8 from PacerMonitor.com free of charge.

                      About Vossekuil Properties

Vossekuil Properties LLC sought protection for relief under Chapter
11 of the Bankruptcy Code (Bankr. E.D. Wis. Case No. 20-24880) on
July 14, 2020, listing under $1 million in both assets and
liabilities.  John W. Menn, Esq. at Steinhilber Swanson LLP
represents the Debtor, as counsel.



WEST ALLEY BBQ: 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 West Alley BBQ LLC.
  
                       About West Alley BBQ

West Alley BBQ, LLC, owner of a barbecue restaurant in Jackson,
Tenn., sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Tenn. Case No. 20-11107) on Aug. 12, 2020.  Judge
Jimmy L. Croom oversees the case.  At the time of the filing,
Debtor disclosed total assets of $10,100 and total liabilities of
$1,268,023.  Thomas Strawn, Esq., at Strawn Law Firm, is Debtor's
legal counsel.


WINDSTREAM HOLDINGS: Creates New Directors Ahead of Ch.11 Exit
--------------------------------------------------------------
Mike Robuck of Fierce Telecom reports that ahead of its plan to
emerge from Chapter 11 bankruptcy, Windstream Holdings announced a
new board of directors. Current CEO and President Tony Thomas will
continue in those roles while also serving on the new board.

"I am extremely honored to continue serving as president and CEO of
this incredible organization," Thomas said in a statement. "Over
the past few years, Windstream has made tremendous progress in our
goal to transform our business to growth, and I look forward to
working with the new board to accelerate our transformation for
long-term value creation.

"We will emerge from restructuring with a strong balance sheet and
access to approximately $2 billion in new capital to expand 1 Gig
broadband service to rural America and help businesses succeed in
the digital transformation."

The company's reorganization plan allows Windstream to trim its
debt by more than $4 billion and reorganize its governance, which
includes naming some of its creditors to seats on the company's new
board of directors. The reorganization plan eliminated junior
bondholders who were owed close to $2.4 billion, converted some
senior debt to equity and made Elliott Management Windstream's
largest shareholder.

Windstream operated under the cloud of Chapter 11 bankruptcy since
February of last year after it lost a legal battle with New York
hedge fund Aurelius Capital Management over whether Windstream had
defaulted on bonds by spinning off the Uniti Group four years ago.

In addition to Thomas, the new board includes:

  * David Brown: Brown is managing director of Oaktree Capital
Management;
  * Randy Dunbar: Dunbar most recently served as president of
Zayo’s global transport segment;
  * Bruce Kenny: Kenny is an operating executive at Evergreen Coast
Capital;
  * William LaPerch: Perch was president and CEO of AboveNet;
  * W. Robert Mudge: Mudge most recently served as executive vice
president of strategic initiatives at Verizon;
  * Paul H. Sunu: Sunu was the former CEO of FairPoint
Communications;
  * Anand Vadapalli: Vadapalli currently serves as operating
partner at SDC Capital Partners LLC, and director at Premera Blue
Cross;
  * Michael Watchorn: Watchorn is a principal of Seapoint Capital
Management;
  * Johannes Weber: Weber is a portfolio manager in the New York
office of Elliott Management Corporation.

Windstream will name one additional member to its board at a later
date.

                     About Windstream Holdings

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

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

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

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

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



WP REALTY: Case Summary & 17 Unsecured Creditors
------------------------------------------------
Debtor: WP Realty Acquisition III LLC
        81 Main St
        Dobbs Ferry, NY 10522-1673

Business Description: WP Realty Acquisition III LLC is
                      engaged in activities related to real
                      estate.  It owns a property located in
                      New Rochelle, New York having a current
                      value of $4.1 million (estimated without
                      development).

Chapter 11 Petition Date: September 11, 2020

Court: United States Bankruptcy Court
       Southern District of New York

Case No.: 20-23038

Debtor's Counsel: Kevin J. Nash, Esq.
                  GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP
                  1501 Broadway 22nd Floor
                  New York, NY 10036
                  Tel: (212) 221-5700
                  Email: knash@gwfglaw.com

Total Assets: $4,177,531

Total Liabilities: $4,674,589

The petition was signed by Jonathan Sacks, manager.

A copy of the petition containing, among other items, a list of the
Debtor's 17 unsecured creditors is available for free at
PacerMonitor.com at:

https://www.pacermonitor.com/view/5IVWPNY/WP_Realty_Acquisition_III_LLC__nysbke-20-23038__0001.0.pdf?mcid=tGE4TAMA


[*] Chapter 11 U.S. Commercial Bankruptcy Filings Up 17% in August
------------------------------------------------------------------
Epiq, a global leader in legal services, released its August 2020
bankruptcy filing statistics from its AACER business. Slowing down
from July, commercial Chapter 11 filings are up only 17% over
August 2019, with 525 new flings, which is up from 449 from the
same period last year. In the first eight months of 2020, Chapter
11 commercial filings are up 28% over the same period last year,
with a total of 4,779 filings.

"While we still see growth year over year in Chapter 11 commercial
filings, the pace has slowed down significantly over July," said
Deirdre O'Connor, managing director of corporate restructuring at
Epiq. "Large corporations are benefiting from robust capital market
activity which is providing access to capital at an attractive
cost. However, smaller companies are not experiencing the same
market dynamics to access liquidity and will consider seeking
protection in a bankruptcy. We continue to see steady filings in
retail, energy, entertainment, along with travel and leisure."

As in prior months, non-commercial bankruptcies continue to decline
both month over month and year over year. There were 36,842
non-commercial bankruptcy filings in August, down 8% from July
which had 40,085. Further, August filings were down 42% over the
same period last year, which saw 63,128 non-commercial filings
across all Chapters.

"We continue to see delays in filings as government and bank
programs provide short-term liquidity relief to consumers," said
Chris Kruse, senior vice president of Epiq AACER. "However, there
is a backlog developing as unemployment rates continue to stay
high, likely triggering more bankruptcy filings in Q4-2020."

Chapter 13 non-commercial filings are down 41% in 2020, with
108,400 filings, which is down from 184,026 filings in the same
period of 2019.  Chapter 7 non-commercial filings are down 29% in
August 2020 with 27,495 new filings, which is down from 38,604 the
same period in 2019.

                          About Epiq AACER

Epiq AACER -- http://www.AACER.com/-- provides a bankruptcy
information services platform built with superior data, technology
& expertise to create insights and mitigate risk for businesses
impacted by bankruptcies.

                            About Epiq

Epiq, a global leader in the legal services industry, takes on
large-scale, increasingly complex tasks for corporate counsel, law
firms, and business professionals with efficiency, clarity, and
confidence. Clients rely on Epiq to streamline the administration
of business operations, class action and mass tort, court
reporting, eDiscovery, regulatory, compliance, restructuring, and
bankruptcy matters. Epiq subject-matter experts and technologies
create efficiency through expertise and deliver confidence to
high-performing clients around the world. Learn more at
https://www.epiqglobal.com/


[*] Jennifer Nassiri Joins Sheppard Mullin's Bankruptcy Practice
----------------------------------------------------------------
Sheppard, Mullin, Richter & Hampton LLP on Sept. 8 disclosed that
Jennifer Nassiri has joined the firm's Los Angeles office as a
partner in the Finance & Bankruptcy practice group. Ms. Nassiri
most recently practiced at Quinn Emanuel. She is the 13th partner
to join Sheppard Mullin in 2020.

"Clients, now more than ever, need seasoned, experienced advice
when it comes to dealing with the many complexities of bankruptcies
and restructurings," said Sheppard Mullin Vice Chairman Jon Newby.
"COVID-19 has had a dramatic effect on many industry sectors --
such as retail -- and Jennifer has the know-how and skill to help
almost any client navigate the intricacies and complications of
managing a bankruptcy."

Commenting on the addition of Nassiri, Ori Katz, Finance &
Bankruptcy practice group leader, said, "Jennifer is an exceptional
attorney and a great fit for Sheppard Mullin. Over the past 20
years we've admired her top-notch work in major bankruptcy matters
spanning a variety of venues and industries. The bankruptcy and
insolvency wave has hit and the demand for restructuring expertise
continues to grow. Jennifer brings with her a wealth of experience
and connections that make her an ideal member of our team. She is
recognized as a leader in the insolvency bar and we look to tap
into her skill as we continue to build our top tier restructuring
practice."

Ms. Nassiri has extensive experience in all areas of bankruptcy,
corporate restructuring and bankruptcy-related litigation. She
counsels secured and unsecured creditors, creditors' committees,
licensors and licensees of intellectual property, equity holders
and corporate officers, among others, in the healthcare, retail,
automotive, real estate, manufacturing, and media and entertainment
industries, in connection with their pre-bankruptcy planning,
restructurings and liquidations, both in Chapter 11 and out of
court. In addition to her busy practice, Nassiri is a member of the
Turnaround Management Association and the American Bankruptcy
Institute (ABI) and she served on the Global Advisory Board for
Women In Law Empowerment Forum (WILEF) from 2016 to 2018. She
received her B.A. from the University of California Los Angeles,
cum laude, and her J.D. from Loyola Law School.

      About Sheppard Mullin's Finance and Bankruptcy Practice

The firm's Finance and Bankruptcy practice has been a key element
of the firm since its founding more than 90 years ago. Sheppard
Mullin has the resources to respond to the time sensitivity of
financial crises and the depth to provide whatever size team is
required. As part of a large, broad based commercial law firm, we
are able to draw on all of the resources necessary to solve the
multidisciplinary problems presented by business insolvencies,
including telecommunications, real estate, entertainment,
intellectual property, tax, labor, securities, and mergers and
acquisitions.

          About Sheppard, Mullin, Richter & Hampton LLP

Sheppard Mullin -- http://www.sheppardmullin.com/-- is a
full-service Global 100 firm with more than 900 attorneys in 15
offices located in the United States, Europe and Asia. Since 1927,
industry-leading companies have turned to Sheppard Mullin to handle
corporate and technology matters, high-stakes litigation and
complex financial transactions. In the U.S., the firm's clients
include almost half of the Fortune 100.



[*] Judge Judith K. Fitzgerald to Get American Inns of Court Award
------------------------------------------------------------------
Judge Judith K. Fitzgerald (Ret.) has been selected to receive the
prestigious 2020 American Inns of Court Bankruptcy Inn Alliance
Distinguished Service Award. For more than 25 years, Fitzgerald
served as a judge in the U.S. Bankruptcy Court for the Western
District of Pennsylvania and served as chief judge from 2000 to
2004. She retired from the bench in 2013 and entered private
practice.

"Judge Fitzgerald is a leader on a national level in the bankruptcy
and insolvency field," says Alexis A. Leventhal, Esquire, of Reed
Smith LLP, who nominated Fitzgerald for the award. "Judge
Fitzgerald has devoted her career to understanding the bankruptcy
process and imparting this knowledge on the countless parties,
practitioners, and students who have had the pleasure to sit in her
courtroom or classroom."

Appointed as a bankruptcy judge in 1987, Fitzgerald oversaw the
bankruptcies of thousands of individuals and the reorganizations of
hundreds of businesses. In addition to becoming an expert in
bankruptcy law in general, she also became a preeminent authority
on asbestos bankruptcy and wrote some of the most authoritative
opinions in this area. During her tenure, she also sat by
designation in the District of Delaware, the Eastern District of
Pennsylvania, and the District Court of the Virgin Islands.

Now a shareholder of Tucker Arensberg PC, Fitzgerald serves as an
expert witness and advisor and has become a sought-after mediator
and arbitrator of complex commercial matters.

Named in her honor, the Judith K. Fitzgerald Western Pennsylvania
Bankruptcy American Inn of Court offers a structured mentorship
program for bankruptcy practitioners. It also offers a financial
literacy program for local high school students. Fitzgerald is also
a founding member and honorary master of the American Inns of
Court's Honorable Amy Reynolds Hay Chapter.

Since 2015, Fitzgerald has also taught bankruptcy law as a
professor of practice at the University of Pittsburgh School of
Law. A fellow in the American College of Bankruptcy and a former
president of the National Conference of Bankruptcy Judges,
Fitzgerald is also an active member of the American Bankruptcy
Institute, American Law Institute, Commercial Law League of
America, and International Women's Insolvency & Restructuring
Confederation.

Fitzgerald earned an undergraduate degree from the University of
Pittsburgh in 1970. She earned her law degree from the University
of Pittsburgh School of Law in 1973. Before becoming a judge,
Fitzgerald was an assistant U.S. attorney in Pittsburgh.

The American Inns of Court, headquartered in Alexandria, Virginia,
inspires the legal community to advance the rule of law by
achieving the highest level of professionalism through example,
education, and mentoring. The organization's membership includes
nearly 30,000 federal, state, and local judges; lawyers; law
professors; and law students in nearly 370 chapters nationwide.
More information is available at home.innsofcourt.org.



[*] Katten Adds Two New Partners to Insolvency Practice
-------------------------------------------------------
Katten on Sept. 1, 2020, announced the addition of two new partners
to its industry-leading Insolvency and Restructuring practice,
Terence G. Banich in Chicago and John E. Mitchell in Dallas.

"Terry and John both bring broad experience and keen understanding
of the issues distressed companies face. Understanding clients'
legal and business needs is essential to providing great client
service. Our new partners add depth and breadth to our team at a
very busy time. We are delighted to have them," said John Sieger,
chair of Katten's Insolvency and Restructuring practice.  

Mr. Banich, who was co-chair of the Bankruptcy Litigation practice
group at his previous firm, concentrates his practice on commercial
and bankruptcy litigation. He has more than 20 years of experience
representing nearly every type of constituent in Chapter 7 and 11
cases, including Chapter 7 trustees, Chapter 11 trustees, debtors,
creditors, trustees and other interested parties in a range of
insolvency-related proceedings. Additionally, he represents owners,
contractors and subcontractors in mechanics liens, surety bond and
contract disputes.

Mr. Banich also has represented several federal equity receivers
appointed in civil enforcement actions commenced by government
agencies, such as the Securities and Exchange Commission and the
Federal Trade Commission, as well as civil actions filed by private
plaintiffs.

Mr. Mitchell focuses on all facets of commercial restructuring and
reorganization and has significant experience with complex
bankruptcies, out-of-court workouts and sales, voluntary
liquidations, asset sales, and general insolvency-related
litigation. He represents lenders, creditors and debtors across the
United States.

Mr. Mitchell, who served as a lieutenant in the US Army during
Operation Desert Storm, routinely advises clients in the energy,
oil and gas, manufacturing, retail and restaurant, commercial
finance, and transportation industries.

Mr. Banich and Mitchell were formerly at Fox Rothschild LLP and
Akerman LLP respectively.

Katten's Insolvency and Restructuring practice was much more in
demand during the first half of 2020 than during the same period in
2019 as the practice continues to take on key roles in some of the
most noted bankruptcy cases. The practice generally represents
debtors, independent directors, key creditor constituencies and
stakeholders in major Chapter 11 and Chapter 15 cases throughout
the country.

Katten -- http://www.katten.com/-- is a full-service law firm with
nearly 700 attorneys in locations across the United States and in
London and Shanghai. Clients seeking sophisticated, high-value
legal services turn to Katten for counsel locally, nationally and
internationally. The firm's core areas of practice include
commercial finance, corporate, financial markets and funds,
insolvency and restructuring, intellectual property, litigation,
real estate, structured finance and securitization, transactional
tax planning, and trusts and estates. Katten represents public and
private companies in numerous industries, as well as a number of
government and nonprofit organizations and individuals.


[*] Scura Represents First Consensual Individual Subchapter V Case
------------------------------------------------------------------
The firm at Scura, Wigfield, Heyer, Stevens & Cammarota LLP are
proud to present the first consensual Chapter 11 Subchapter V
Bankruptcy Plan of Reorganization for an individual debtor. Here,
the Debtor's proposed plan of reorganization was approved by the US
Bankruptcy Court for the District of New Jersey on September 8,
2020, and was primarily handled by one of Scura's attorneys, Carlos
D. Martinez, Esq. This is a groundbreaking case for bankruptcy law
and for the implementation of the new Small Business Reorganization
Act.

The Small Business Reorganization Act (SBRA), first approved in
February 2020, is a simplified process of Chapter 11 Bankruptcy,
designed for small businesses to reorganize following financial
hardships. The SBRA is codified at 11 U.S.C. Sec. 1181 – 11
U.S.C. Sec. 1195, otherwise known as Subchapter V. The SBRA is a
voluntary option for small businesses, with many advantages over
pre-existing options available to small businesses or individuals
filing under Chapter 11.

In a standard Chapter 11 case, the debtor would have to make all
payments pursuant to the confirmed plan over a period of years
before receiving a bankruptcy discharge. In some cases, five years
may pass before the debtor obtains a discharge. In contrast, under
the SBRA, if the Debtor in an individual case is able to obtain the
required votes in favor of the proposed plan (referred to as a
"consensual plan"), the debtor will receive an immediate discharge
of his debt upon entry of the Confirmation Order, even if the
Debtor has proposed a plan whereby certain creditors are paid over
a certain amount of years Unlike a standard chapter 11 case, the
Subchapter V case referenced above took a total of 6 months from
the filing of the bankruptcy to the confirmation of the plan. On
top of saving time, the debtor saved thousands of dollars in legal
fees.

Prior to filing bankruptcy, the debtor owed $63,000 in taxes to the
Internal Revenue Service. In his Chapter 11 plan, the debtor
proposed to cure any priority and secured tax arrears owed to the
IRS while also discharging close to $20,000 in unsecured taxes owed
to the IRS. In addition, the approved Chapter 11 plan ensures the
debtor will pay back the mortgage arrears on one of his two
properties over the next 18 months while also surrendering another
real property back to the mortgage company without any further
negative impact to the Debtor. Lastly, the confirmed plan
guarantees that the debtor will only have to pay back $11,000 (or
approximately 1.5%) of the total $750,000 in unsecured debt owed
prior to the filing of the bankruptcy, while approximately $739,000
of the remaining unsecured debt will be discharged upon entry of
the order confirming the plan.

While this is the first approved consensual individual Subchapter V
case, this is the second approved Subchapter V bankruptcy case in
New Jersey. The first approved Subchapter V case, that of Montclair
pizzeria Villa Victoria, is also represented by the attorneys at
Scura.

Scura, Wigfield, Heyer, Stevens & Cammarota LLP is a Bankruptcy and
Personal Injury Law Firm working in New Jersey. Its team handles
all types of bankruptcy, personal injury, estate planning, real
estate law, and litigation cases.



[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------

                                               Total
                                              Share-       Total
                                   Total    Holders'     Working
                                  Assets      Equity     Capital
  Company         Ticker            ($MM)       ($MM)       ($MM)
  -------         ------          ------    --------     -------
ABSOLUTE SOFTWRE  ALSWF US         130.2       (43.1)      (16.9)
ABSOLUTE SOFTWRE  ABT CN           130.2       (43.1)      (16.9)
ABSOLUTE SOFTWRE  OU1 GR           130.2       (43.1)      (16.9)
ABSOLUTE SOFTWRE  ABT2EUR EU       130.2       (43.1)      (16.9)
ACCELERATE DIAGN  1A8 GR           114.8       (37.0)       92.4
ACCELERATE DIAGN  AXDX US          114.8       (37.0)       92.4
ACCELERATE DIAGN  AXDX* MM         114.8       (37.0)       92.4
ACCOLADE INC      ACCD US          120.5       (33.5)       21.4
ADAPTHEALTH CORP  AHCO US          739.3        (6.8)        6.5
AGENUS INC        AJ81 GR          185.8      (199.0)      (37.5)
AGENUS INC        AGEN US          185.8      (199.0)      (37.5)
AGENUS INC        AJ81 GZ          185.8      (199.0)      (37.5)
AGENUS INC        AJ81 SW          185.8      (199.0)      (37.5)
AGENUS INC        AJ81 QT          185.8      (199.0)      (37.5)
AGENUS INC        AJ81 TH          185.8      (199.0)      (37.5)
AGENUS INC        AGENEUR EU       185.8      (199.0)      (37.5)
AMC ENTERTAINMEN  AMC US        11,271.6    (1,575.4)   (1,031.5)
AMC ENTERTAINMEN  AMC* MM       11,271.6    (1,575.4)   (1,031.5)
AMC ENTERTAINMEN  AH9 TH        11,271.6    (1,575.4)   (1,031.5)
AMC ENTERTAINMEN  AH9 QT        11,271.6    (1,575.4)   (1,031.5)
AMC ENTERTAINMEN  AMC4EUR EU    11,271.6    (1,575.4)   (1,031.5)
AMC ENTERTAINMEN  AH9 GR        11,271.6    (1,575.4)   (1,031.5)
AMER RESTAUR-LP   ICTPU US          33.5        (4.0)       (6.2)
AMERICAN AIR-BDR  AALL34 BZ     64,544.0    (3,169.0)   (4,211.0)
AMERICAN AIRLINE  A1G QT        64,544.0    (3,169.0)   (4,211.0)
AMERICAN AIRLINE  AAL11EUR EU   64,544.0    (3,169.0)   (4,211.0)
AMERICAN AIRLINE  AAL AV        64,544.0    (3,169.0)   (4,211.0)
AMERICAN AIRLINE  AAL TE        64,544.0    (3,169.0)   (4,211.0)
AMERICAN AIRLINE  A1G SW        64,544.0    (3,169.0)   (4,211.0)
AMERICAN AIRLINE  A1G GZ        64,544.0    (3,169.0)   (4,211.0)
AMERICAN AIRLINE  AAL US        64,544.0    (3,169.0)   (4,211.0)
AMERICAN AIRLINE  A1G GR        64,544.0    (3,169.0)   (4,211.0)
AMERICAN AIRLINE  AAL* MM       64,544.0    (3,169.0)   (4,211.0)
AMERICAN AIRLINE  A1G TH        64,544.0    (3,169.0)   (4,211.0)
APACHE CORP       APA* MM       12,999.0       (44.0)      (52.0)
APACHE CORP       APA TH        12,999.0       (44.0)      (52.0)
APACHE CORP       APA GR        12,999.0       (44.0)      (52.0)
APACHE CORP       APA1 SW       12,999.0       (44.0)      (52.0)
APACHE CORP       APAEUR EU     12,999.0       (44.0)      (52.0)
APACHE CORP       APA QT        12,999.0       (44.0)      (52.0)
APACHE CORP       APA GZ        12,999.0       (44.0)      (52.0)
APACHE CORP       APA US        12,999.0       (44.0)      (52.0)
APACHE CORP- BDR  A1PA34 BZ     12,999.0       (44.0)      (52.0)
AQUESTIVE THERAP  AQST US           63.5       (21.4)       29.0
ARYA SCIENCES AC  ARYBU US           -           -           -
ARYA SCIENCES-A   ARYB US            -           -           -
AUDIOEYE INC      AEYE US           10.0        (0.5)       (1.9)
AURANIA RESOURCE  ARU CN             4.4        (0.5)       (0.6)
AUTOZONE INC      AZO US        12,902.1    (1,632.7)     (371.1)
AUTOZONE INC      AZ5 GR        12,902.1    (1,632.7)     (371.1)
AUTOZONE INC      AZ5 TH        12,902.1    (1,632.7)     (371.1)
AUTOZONE INC      AZOEUR EU     12,902.1    (1,632.7)     (371.1)
AUTOZONE INC      AZ5 QT        12,902.1    (1,632.7)     (371.1)
AUTOZONE INC      AZ5 GZ        12,902.1    (1,632.7)     (371.1)
AUTOZONE INC      AZO AV        12,902.1    (1,632.7)     (371.1)
AUTOZONE INC      AZ5 TE        12,902.1    (1,632.7)     (371.1)
AUTOZONE INC      AZO* MM       12,902.1    (1,632.7)     (371.1)
AUTOZONE INC-BDR  AZOI34 BZ     12,902.1    (1,632.7)     (371.1)
AVID TECHNOLOGY   AVID US          265.4      (156.5)       24.4
AVID TECHNOLOGY   AVD GR           265.4      (156.5)       24.4
AVIS BUD-CEDEAR   CAR AR        21,690.0      (153.0)      137.0
AVIS BUDGET GROU  CAR US        21,690.0      (153.0)      137.0
AVIS BUDGET GROU  CUCA GR       21,690.0      (153.0)      137.0
AVIS BUDGET GROU  CUCA QT       21,690.0      (153.0)      137.0
AVIS BUDGET GROU  CAR2EUR EU    21,690.0      (153.0)      137.0
AVIS BUDGET GROU  CUCA TH       21,690.0      (153.0)      137.0
AVIS BUDGET GROU  CAR* MM       21,690.0      (153.0)      137.0
B RILEY PRINCIPA  BMRG/U US        177.5       177.4         0.7
B. RILEY PRINC-A  BMRG US          177.5       177.4         0.7
BIGCOMMERCE-1     BIGC US           79.6       (43.1)       18.2
BIGCOMMERCE-1     BI1 GR            79.6       (43.1)       18.2
BIGCOMMERCE-1     BI1 GZ            79.6       (43.1)       18.2
BIGCOMMERCE-1     BI1 TH            79.6       (43.1)       18.2
BIGCOMMERCE-1     BIGCEUR EU        79.6       (43.1)       18.2
BIGCOMMERCE-1     BI1 QT            79.6       (43.1)       18.2
BIOHAVEN PHARMAC  2VN GR           424.3       (35.5)      196.1
BIOHAVEN PHARMAC  BHVNEUR EU       424.3       (35.5)      196.1
BIOHAVEN PHARMAC  2VN TH           424.3       (35.5)      196.1
BIOHAVEN PHARMAC  BHVN US          424.3       (35.5)      196.1
BLOOM ENERGY C-A  1ZB GZ         1,277.5      (250.5)      137.1
BLOOM ENERGY C-A  BE US          1,277.5      (250.5)      137.1
BLOOM ENERGY C-A  1ZB GR         1,277.5      (250.5)      137.1
BLOOM ENERGY C-A  BE1EUR EU      1,277.5      (250.5)      137.1
BLOOM ENERGY C-A  1ZB QT         1,277.5      (250.5)      137.1
BLOOM ENERGY C-A  1ZB TH         1,277.5      (250.5)      137.1
BLUE BIRD CORP    4RB GR           390.1       (61.9)       39.3
BLUE BIRD CORP    BLBDEUR EU       390.1       (61.9)       39.3
BLUE BIRD CORP    4RB GZ           390.1       (61.9)       39.3
BLUE BIRD CORP    BLBD US          390.1       (61.9)       39.3
BLUELINX HOLDING  FZG1 GR          999.1       (18.2)      416.8
BLUELINX HOLDING  BXC US           999.1       (18.2)      416.8
BLUELINX HOLDING  BXCEUR EU        999.1       (18.2)      416.8
BOEING CO-BDR     BOEI34 BZ    162,872.0   (11,382.0)   37,795.0
BOEING CO-CED     BA AR        162,872.0   (11,382.0)   37,795.0
BOEING CO-CED     BAD AR       162,872.0   (11,382.0)   37,795.0
BOEING CO/THE     BCO GR       162,872.0   (11,382.0)   37,795.0
BOEING CO/THE     BAEUR EU     162,872.0   (11,382.0)   37,795.0
BOEING CO/THE     BA EU        162,872.0   (11,382.0)   37,795.0
BOEING CO/THE     BOE LN       162,872.0   (11,382.0)   37,795.0
BOEING CO/THE     BCO TH       162,872.0   (11,382.0)   37,795.0
BOEING CO/THE     BA PE        162,872.0   (11,382.0)   37,795.0
BOEING CO/THE     BOEI BB      162,872.0   (11,382.0)   37,795.0
BOEING CO/THE     BA US        162,872.0   (11,382.0)   37,795.0
BOEING CO/THE     BA SW        162,872.0   (11,382.0)   37,795.0
BOEING CO/THE     BA* MM       162,872.0   (11,382.0)   37,795.0
BOEING CO/THE     BA TE        162,872.0   (11,382.0)   37,795.0
BOEING CO/THE     BCO QT       162,872.0   (11,382.0)   37,795.0
BOEING CO/THE     BA AV        162,872.0   (11,382.0)   37,795.0
BOEING CO/THE     BA CI        162,872.0   (11,382.0)   37,795.0
BOEING CO/THE     BAUSD SW     162,872.0   (11,382.0)   37,795.0
BOEING CO/THE     BCO GZ       162,872.0   (11,382.0)   37,795.0
BOMBARDIER INC-B  BBDBN MM      23,478.0    (6,526.0)   (1,944.0)
BOOMER HOLDINGS   BOMH US            2.6        (2.8)       (1.9)
BRINKER INTL      EAT US         2,356.0      (479.1)     (273.5)
BRINKER INTL      BKJ GR         2,356.0      (479.1)     (273.5)
BRINKER INTL      BKJ TH         2,356.0      (479.1)     (273.5)
BRINKER INTL      EAT2EUR EU     2,356.0      (479.1)     (273.5)
BRINKER INTL      BKJ QT         2,356.0      (479.1)     (273.5)
BRP INC/CA-SUB V  B15A GR        4,240.0      (666.0)      759.8
BRP INC/CA-SUB V  DOOO US        4,240.0      (666.0)      759.8
BRP INC/CA-SUB V  DOOEUR EU      4,240.0      (666.0)      759.8
BRP INC/CA-SUB V  B15A GZ        4,240.0      (666.0)      759.8
BRP INC/CA-SUB V  DOO CN         4,240.0      (666.0)      759.8
CADIZ INC         CDZI US           70.9       (24.2)        2.1
CADIZ INC         CDZIEUR EU        70.9       (24.2)        2.1
CADIZ INC         2ZC GR            70.9       (24.2)        2.1
CAMPING WORLD-A   C83 TH         3,264.6       (69.9)      474.7
CAMPING WORLD-A   C83 QT         3,264.6       (69.9)      474.7
CAMPING WORLD-A   CWH US         3,264.6       (69.9)      474.7
CAMPING WORLD-A   C83 GR         3,264.6       (69.9)      474.7
CAMPING WORLD-A   CWHEUR EU      3,264.6       (69.9)      474.7
CARERX CORP       CRRX CN          151.8        (1.6)       (6.7)
CDK GLOBAL INC    C2G TH         2,854.1      (580.7)      158.8
CDK GLOBAL INC    CDKEUR EU      2,854.1      (580.7)      158.8
CDK GLOBAL INC    C2G GR         2,854.1      (580.7)      158.8
CDK GLOBAL INC    CDK* MM        2,854.1      (580.7)      158.8
CDK GLOBAL INC    C2G QT         2,854.1      (580.7)      158.8
CDK GLOBAL INC    CDK US         2,854.1      (580.7)      158.8
CEDAR FAIR LP     FUN US         2,657.5      (411.9)      183.8
CENGAGE LEARNING  CNGO US        2,645.9      (180.3)       94.7
CHEWY INC- CL A   CHWY US        1,144.8      (377.6)     (475.8)
CHOICE HOTELS     CZH GR         1,686.0       (42.8)      305.7
CHOICE HOTELS     CHH US         1,686.0       (42.8)      305.7
CINCINNATI BELL   CBB US         2,594.2      (204.6)      (97.3)
CINCINNATI BELL   CIB1 GR        2,594.2      (204.6)      (97.3)
CINCINNATI BELL   CBBEUR EU      2,594.2      (204.6)      (97.3)
CITRIX SYS BDR    C1TX34 BZ      4,548.1       (93.6)     (306.6)
CITRIX SYSTEMS    CTX TH         4,548.1       (93.6)     (306.6)
CITRIX SYSTEMS    CTXSEUR EU     4,548.1       (93.6)     (306.6)
CITRIX SYSTEMS    CTX QT         4,548.1       (93.6)     (306.6)
CITRIX SYSTEMS    CTX GR         4,548.1       (93.6)     (306.6)
CITRIX SYSTEMS    CTXS* MM       4,548.1       (93.6)     (306.6)
CITRIX SYSTEMS    CTXS AV        4,548.1       (93.6)     (306.6)
CITRIX SYSTEMS    CTXS TE        4,548.1       (93.6)     (306.6)
CITRIX SYSTEMS    CTXS US        4,548.1       (93.6)     (306.6)
CITRIX SYSTEMS    CTX GZ         4,548.1       (93.6)     (306.6)
CLOVIS ONCOLOGY   C6O GR           628.2       (97.4)      210.3
CLOVIS ONCOLOGY   CLVS US          628.2       (97.4)      210.3
CLOVIS ONCOLOGY   CLVSEUR EU       628.2       (97.4)      210.3
CLOVIS ONCOLOGY   C6O QT           628.2       (97.4)      210.3
CLOVIS ONCOLOGY   C6O TH           628.2       (97.4)      210.3
COGENT COMMUNICA  CCOI US        1,005.4      (235.6)      397.1
COGENT COMMUNICA  OGM1 GR        1,005.4      (235.6)      397.1
COGENT COMMUNICA  CCOIEUR EU     1,005.4      (235.6)      397.1
COGENT COMMUNICA  CCOI* MM       1,005.4      (235.6)      397.1
COMMUNITY HEALTH  CYH US        16,415.0    (1,563.0)      991.0
COMMUNITY HEALTH  CG5 GR        16,415.0    (1,563.0)      991.0
COMMUNITY HEALTH  CG5 QT        16,415.0    (1,563.0)      991.0
COMMUNITY HEALTH  CYH1EUR EU    16,415.0    (1,563.0)      991.0
COMMUNITY HEALTH  CG5 TH        16,415.0    (1,563.0)      991.0
CYTODYN INC       CYDY US           50.5        (2.5)       (7.7)
CYTODYN INC       CYDYEUR EU        50.5        (2.5)       (7.7)
CYTODYN INC       296 GZ            50.5        (2.5)       (7.7)
CYTODYN INC       296 GR            50.5        (2.5)       (7.7)
CYTOKINETICS INC  CYTK US          232.5       (78.1)      196.3
CYTOKINETICS INC  KK3A GR          232.5       (78.1)      196.3
CYTOKINETICS INC  KK3A TH          232.5       (78.1)      196.3
CYTOKINETICS INC  KK3A QT          232.5       (78.1)      196.3
CYTOKINETICS INC  CYTKEUR EU       232.5       (78.1)      196.3
DELEK LOGISTICS   DKL US           973.7       (78.3)       25.5
DENNY'S CORP      DENN US          468.7      (217.5)      (13.7)
DENNY'S CORP      DE8 TH           468.7      (217.5)      (13.7)
DENNY'S CORP      DENNEUR EU       468.7      (217.5)      (13.7)
DENNY'S CORP      DE8 GR           468.7      (217.5)      (13.7)
DIEBOLD NIXDORF   DBD QT         3,721.1      (708.5)      367.5
DIEBOLD NIXDORF   DBD SW         3,721.1      (708.5)      367.5
DIEBOLD NIXDORF   DBDEUR EU      3,721.1      (708.5)      367.5
DIEBOLD NIXDORF   DBD GR         3,721.1      (708.5)      367.5
DIEBOLD NIXDORF   DBD US         3,721.1      (708.5)      367.5
DIEBOLD NIXDORF   DBD TH         3,721.1      (708.5)      367.5
DINE BRANDS GLOB  IHP TH         2,043.3      (368.6)      185.3
DINE BRANDS GLOB  DIN US         2,043.3      (368.6)      185.3
DINE BRANDS GLOB  IHP GR         2,043.3      (368.6)      185.3
DOMINO'S PIZZA    EZV GR         1,581.7    (3,282.9)      467.2
DOMINO'S PIZZA    DPZ US         1,581.7    (3,282.9)      467.2
DOMINO'S PIZZA    EZV QT         1,581.7    (3,282.9)      467.2
DOMINO'S PIZZA    EZV TH         1,581.7    (3,282.9)      467.2
DOMINO'S PIZZA    EZV GZ         1,581.7    (3,282.9)      467.2
DOMINO'S PIZZA    DPZEUR EU      1,581.7    (3,282.9)      467.2
DOMINO'S PIZZA    DPZ AV         1,581.7    (3,282.9)      467.2
DOMINO'S PIZZA    DPZ* MM        1,581.7    (3,282.9)      467.2
DOMO INC- CL B    1ON GR           195.1       (72.9)       (8.0)
DOMO INC- CL B    1ON GZ           195.1       (72.9)       (8.0)
DOMO INC- CL B    DOMOEUR EU       195.1       (72.9)       (8.0)
DOMO INC- CL B    1ON TH           195.1       (72.9)       (8.0)
DOMO INC- CL B    DOMO US          195.1       (72.9)       (8.0)
DRAFTKINGS INC-A  8DEA TH        2,516.1     2,191.3     1,181.1
DRAFTKINGS INC-A  8DEA QT        2,516.1     2,191.3     1,181.1
DRAFTKINGS INC-A  8DEA GZ        2,516.1     2,191.3     1,181.1
DRAFTKINGS INC-A  DKNG US        2,516.1     2,191.3     1,181.1
DRAFTKINGS INC-A  8DEA GR        2,516.1     2,191.3     1,181.1
DRAFTKINGS INC-A  DKNG1EUR EU    2,516.1     2,191.3     1,181.1
DRAFTKINGS INC-A  DKNG* MM       2,516.1     2,191.3     1,181.1
DUNKIN' BRANDS G  2DB GR         3,829.3      (587.7)      319.4
DUNKIN' BRANDS G  2DB TH         3,829.3      (587.7)      319.4
DUNKIN' BRANDS G  DNKN US        3,829.3      (587.7)      319.4
DUNKIN' BRANDS G  2DB QT         3,829.3      (587.7)      319.4
DUNKIN' BRANDS G  DNKNEUR EU     3,829.3      (587.7)      319.4
DUNKIN' BRANDS G  2DB GZ         3,829.3      (587.7)      319.4
DYE & DURHAM LTD  DND CN             -           -           -
DYE & DURHAM LTD  DYNDF US           -           -           -
EMISPHERE TECH    EMIS US            5.2      (155.3)       (1.4)
EVERI HOLDINGS I  EVRI US        1,484.1       (18.8)      108.3
EVERI HOLDINGS I  G2C TH         1,484.1       (18.8)      108.3
EVERI HOLDINGS I  G2C GR         1,484.1       (18.8)      108.3
EVERI HOLDINGS I  EVRIEUR EU     1,484.1       (18.8)      108.3
FATHOM HOLDINGS   FTHM US            4.8        (0.8)        -
FRONTDOOR IN      FTDR US        1,361.0      (125.0)      161.0
FRONTDOOR IN      3I5 GR         1,361.0      (125.0)      161.0
FRONTDOOR IN      FTDREUR EU     1,361.0      (125.0)      161.0
GLORIOUS CREATIO  GCIT CN            0.0        (0.4)       (0.4)
GODADDY INC-A     38D TH         6,092.1      (254.5)   (1,667.8)
GODADDY INC-A     GDDY* MM       6,092.1      (254.5)   (1,667.8)
GODADDY INC-A     GDDY US        6,092.1      (254.5)   (1,667.8)
GODADDY INC-A     38D GR         6,092.1      (254.5)   (1,667.8)
GODADDY INC-A     38D QT         6,092.1      (254.5)   (1,667.8)
GOGO INC          GOGO US        1,064.8      (569.0)       98.9
GOGO INC          G0G QT         1,064.8      (569.0)       98.9
GOGO INC          G0G SW         1,064.8      (569.0)       98.9
GOGO INC          G0G TH         1,064.8      (569.0)       98.9
GOGO INC          G0G GR         1,064.8      (569.0)       98.9
GOGO INC          GOGOEUR EU     1,064.8      (569.0)       98.9
GOLDEN STAR RES   GS51 GR          381.3       (21.9)      (31.0)
GOLDEN STAR RES   GSS US           381.3       (21.9)      (31.0)
GOLDEN STAR RES   GSC CN           381.3       (21.9)      (31.0)
GOLDEN STAR RES   GS51 GZ          381.3       (21.9)      (31.0)
GOLDEN STAR RES   GSC1EUR EU       381.3       (21.9)      (31.0)
GOLDEN STAR RES   GS51 QT          381.3       (21.9)      (31.0)
GOOSEHEAD INSU-A  2OX GR           142.6       (17.2)       60.0
GOOSEHEAD INSU-A  GSHDEUR EU       142.6       (17.2)       60.0
GOOSEHEAD INSU-A  GSHD US          142.6       (17.2)       60.0
GORES HOLDINGS I  GHIVU US         426.9       411.8         0.6
GORES HOLDINGS-A  GHIV US          426.9       411.8         0.6
GRAFTECH INTERNA  G6G GZ         1,533.4      (574.7)      482.8
GRAFTECH INTERNA  EAF US         1,533.4      (574.7)      482.8
GRAFTECH INTERNA  G6G GR         1,533.4      (574.7)      482.8
GRAFTECH INTERNA  G6G TH         1,533.4      (574.7)      482.8
GRAFTECH INTERNA  EAFEUR EU      1,533.4      (574.7)      482.8
GRAFTECH INTERNA  G6G QT         1,533.4      (574.7)      482.8
GREEN PLAINS PAR  GPP US           105.3       (69.2)      (36.9)
GREENPOWER MOTOR  GPV CN            19.7        (3.3)       (1.0)
GREENPOWER MOTOR  GP US             19.7        (3.3)       (1.0)
GREENPOWER MOTOR  GRT1 GR           19.7        (3.3)       (1.0)
GREENPOWER MOTOR  GPVEUR EU         19.7        (3.3)       (1.0)
GREENPOWER MOTOR  GRT1 GZ           19.7        (3.3)       (1.0)
GREENSKY INC-A    GSKY US        1,326.8      (196.9)      645.3
HARMONY BIOSCIE   HRMY US          163.1       (49.7)       74.0
HERBALIFE NUTRIT  HOO GR         3,567.4      (264.8)    1,304.9
HERBALIFE NUTRIT  HLF US         3,567.4      (264.8)    1,304.9
HERBALIFE NUTRIT  HLFEUR EU      3,567.4      (264.8)    1,304.9
HERBALIFE NUTRIT  HOO QT         3,567.4      (264.8)    1,304.9
HERBALIFE NUTRIT  HOO TH         3,567.4      (264.8)    1,304.9
HERBALIFE NUTRIT  HOO GZ         3,567.4      (264.8)    1,304.9
HEWLETT-CEDEAR    HPQ AR        34,244.0    (1,986.0)   (4,757.0)
HEWLETT-CEDEAR    HPQD AR       34,244.0    (1,986.0)   (4,757.0)
HEWLETT-CEDEAR    HPQC AR       34,244.0    (1,986.0)   (4,757.0)
HILTON WORLD-BDR  H1LT34 BZ     17,126.0    (1,291.0)    2,129.0
HILTON WORLDWIDE  HLT US        17,126.0    (1,291.0)    2,129.0
HILTON WORLDWIDE  HLTW AV       17,126.0    (1,291.0)    2,129.0
HILTON WORLDWIDE  HLT* MM       17,126.0    (1,291.0)    2,129.0
HILTON WORLDWIDE  HI91 TE       17,126.0    (1,291.0)    2,129.0
HILTON WORLDWIDE  HLTEUR EU     17,126.0    (1,291.0)    2,129.0
HILTON WORLDWIDE  HI91 TH       17,126.0    (1,291.0)    2,129.0
HILTON WORLDWIDE  HI91 GR       17,126.0    (1,291.0)    2,129.0
HOME DEPOT - BDR  HOME34 BZ     63,349.0      (414.0)    7,162.0
HOME DEPOT INC    HD TE         63,349.0      (414.0)    7,162.0
HOME DEPOT INC    HDI TH        63,349.0      (414.0)    7,162.0
HOME DEPOT INC    HDI GR        63,349.0      (414.0)    7,162.0
HOME DEPOT INC    HD US         63,349.0      (414.0)    7,162.0
HOME DEPOT INC    HD* MM        63,349.0      (414.0)    7,162.0
HOME DEPOT INC    HD SW         63,349.0      (414.0)    7,162.0
HOME DEPOT INC    HDEUR EU      63,349.0      (414.0)    7,162.0
HOME DEPOT INC    HDI QT        63,349.0      (414.0)    7,162.0
HOME DEPOT INC    0R1G LN       63,349.0      (414.0)    7,162.0
HOME DEPOT INC    HD AV         63,349.0      (414.0)    7,162.0
HOME DEPOT INC    HD CI         63,349.0      (414.0)    7,162.0
HOME DEPOT INC    HDUSD SW      63,349.0      (414.0)    7,162.0
HOME DEPOT INC    HDI GZ        63,349.0      (414.0)    7,162.0
HOME DEPOT-CED    HDD AR        63,349.0      (414.0)    7,162.0
HOME DEPOT-CED    HDC AR        63,349.0      (414.0)    7,162.0
HOME DEPOT-CED    HD AR         63,349.0      (414.0)    7,162.0
HOVNANIAN ENT-A   HO3A GR        1,805.7      (479.5)      773.7
HOVNANIAN ENT-A   HOV US         1,805.7      (479.5)      773.7
HP COMPANY-BDR    HPQB34 BZ     34,244.0    (1,986.0)   (4,757.0)
HP INC            HPQ TE        34,244.0    (1,986.0)   (4,757.0)
HP INC            HPQ US        34,244.0    (1,986.0)   (4,757.0)
HP INC            7HP TH        34,244.0    (1,986.0)   (4,757.0)
HP INC            7HP GR        34,244.0    (1,986.0)   (4,757.0)
HP INC            HPQ SW        34,244.0    (1,986.0)   (4,757.0)
HP INC            7HP QT        34,244.0    (1,986.0)   (4,757.0)
HP INC            HPQ AV        34,244.0    (1,986.0)   (4,757.0)
HP INC            HPQ CI        34,244.0    (1,986.0)   (4,757.0)
HP INC            HPQUSD SW     34,244.0    (1,986.0)   (4,757.0)
HP INC            HPQEUR EU     34,244.0    (1,986.0)   (4,757.0)
HP INC            7HP GZ        34,244.0    (1,986.0)   (4,757.0)
HP INC            HPQ* MM       34,244.0    (1,986.0)   (4,757.0)
IAA INC           IAA US         2,273.5       (67.4)      292.9
IAA INC           3NI GR         2,273.5       (67.4)      292.9
IAA INC           IAA-WEUR EU    2,273.5       (67.4)      292.9
IMMUNOGEN INC     IMU TH           269.7       (24.5)      150.5
IMMUNOGEN INC     IMU GR           269.7       (24.5)      150.5
IMMUNOGEN INC     IMGN US          269.7       (24.5)      150.5
IMMUNOGEN INC     IMGNEUR EU       269.7       (24.5)      150.5
IMMUNOGEN INC     IMGN* MM         269.7       (24.5)      150.5
IMMUNOGEN INC     IMU GZ           269.7       (24.5)      150.5
IMMUNOGEN INC     IMU QT           269.7       (24.5)      150.5
INHIBRX INC       INBX US           21.3       (67.0)      (21.0)
INHIBRX INC       1RK GR            21.3       (67.0)      (21.0)
INHIBRX INC       INBXEUR EU        21.3       (67.0)      (21.0)
INHIBRX INC       1RK TH            21.3       (67.0)      (21.0)
INHIBRX INC       1RK QT            21.3       (67.0)      (21.0)
INSEEGO CORP      INO TH           211.9       (41.9)       46.8
INSEEGO CORP      INO QT           211.9       (41.9)       46.8
INSEEGO CORP      INO GZ           211.9       (41.9)       46.8
INSEEGO CORP      INSG US          211.9       (41.9)       46.8
INSEEGO CORP      INSGEUR EU       211.9       (41.9)       46.8
INSEEGO CORP      INO GR           211.9       (41.9)       46.8
INSU ACQUISITION  INAQU US           0.0        (0.0)       (0.0)
INTERCEPT PHARMA  ICPT* MM         637.5       (78.8)      443.1
INTERCEPT PHARMA  ICPT US          637.5       (78.8)      443.1
INTERCEPT PHARMA  I4P GR           637.5       (78.8)      443.1
INTERCEPT PHARMA  I4P QT           637.5       (78.8)      443.1
INTERCEPT PHARMA  I4P TH           637.5       (78.8)      443.1
IRONWOOD PHARMAC  I76 GR           443.5       (36.9)      347.6
IRONWOOD PHARMAC  I76 TH           443.5       (36.9)      347.6
IRONWOOD PHARMAC  IRWD US          443.5       (36.9)      347.6
IRONWOOD PHARMAC  IRWDEUR EU       443.5       (36.9)      347.6
IRONWOOD PHARMAC  I76 QT           443.5       (36.9)      347.6
J.C. PENNEY CO    JCP* MM        8,403.0       (89.0)      686.0
JACK IN THE BOX   JBX GR         1,886.7      (827.0)      (42.7)
JACK IN THE BOX   JACK US        1,886.7      (827.0)      (42.7)
JACK IN THE BOX   JACK1EUR EU    1,886.7      (827.0)      (42.7)
JACK IN THE BOX   JBX GZ         1,886.7      (827.0)      (42.7)
JACK IN THE BOX   JBX QT         1,886.7      (827.0)      (42.7)
JOSEMARIA RESOUR  JOSES I2          15.7       (38.0)      (49.1)
JOSEMARIA RESOUR  JOSE SS           15.7       (38.0)      (49.1)
JOSEMARIA RESOUR  NGQSEK EU         15.7       (38.0)      (49.1)
JOSEMARIA RESOUR  JOSES IX          15.7       (38.0)      (49.1)
JOSEMARIA RESOUR  JOSES EB          15.7       (38.0)      (49.1)
KONTOOR BRAND     KTB US         1,572.8       (44.9)      589.1
KONTOOR BRAND     3KO TH         1,572.8       (44.9)      589.1
KONTOOR BRAND     3KO GR         1,572.8       (44.9)      589.1
KONTOOR BRAND     KTBEUR EU      1,572.8       (44.9)      589.1
KONTOOR BRAND     3KO QT         1,572.8       (44.9)      589.1
KONTOOR BRAND     3KO GZ         1,572.8       (44.9)      589.1
L BRANDS INC      LB US         10,880.0    (1,904.0)    1,072.0
L BRANDS INC      LTD TH        10,880.0    (1,904.0)    1,072.0
L BRANDS INC      LTD GR        10,880.0    (1,904.0)    1,072.0
L BRANDS INC      LBEUR EU      10,880.0    (1,904.0)    1,072.0
L BRANDS INC      LB* MM        10,880.0    (1,904.0)    1,072.0
L BRANDS INC      LTD SW        10,880.0    (1,904.0)    1,072.0
L BRANDS INC      LBRA AV       10,880.0    (1,904.0)    1,072.0
L BRANDS INC      LTD QT        10,880.0    (1,904.0)    1,072.0
L BRANDS INC-BDR  LBRN34 BZ     10,880.0    (1,904.0)    1,072.0
LENNOX INTL INC   LXI GR         2,124.3      (228.9)      280.7
LENNOX INTL INC   LII US         2,124.3      (228.9)      280.7
LENNOX INTL INC   LII* MM        2,124.3      (228.9)      280.7
LENNOX INTL INC   LXI TH         2,124.3      (228.9)      280.7
LENNOX INTL INC   LII1EUR EU     2,124.3      (228.9)      280.7
MADISON SQUARE G  MSGS US        1,233.8      (203.4)     (162.0)
MADISON SQUARE G  MSG1EUR EU     1,233.8      (203.4)     (162.0)
MADISON SQUARE G  MS8 GR         1,233.8      (203.4)     (162.0)
MARRIOTT - BDR    M1TT34 BZ     25,680.0       (79.0)   (2,005.0)
MARRIOTT INTL-A   MAQ GR        25,680.0       (79.0)   (2,005.0)
MARRIOTT INTL-A   MAR US        25,680.0       (79.0)   (2,005.0)
MARRIOTT INTL-A   MAQ TH        25,680.0       (79.0)   (2,005.0)
MARRIOTT INTL-A   MAQ QT        25,680.0       (79.0)   (2,005.0)
MARRIOTT INTL-A   MAQ SW        25,680.0       (79.0)   (2,005.0)
MARRIOTT INTL-A   MAR AV        25,680.0       (79.0)   (2,005.0)
MARRIOTT INTL-A   MAR TE        25,680.0       (79.0)   (2,005.0)
MARRIOTT INTL-A   MAREUR EU     25,680.0       (79.0)   (2,005.0)
MARRIOTT INTL-A   MAQ GZ        25,680.0       (79.0)   (2,005.0)
MCDONALDS - BDR   MCDC34 BZ     49,938.9    (9,463.1)     (636.7)
MCDONALDS CORP    MDO TH        49,938.9    (9,463.1)     (636.7)
MCDONALDS CORP    MCD SW        49,938.9    (9,463.1)     (636.7)
MCDONALDS CORP    MCD US        49,938.9    (9,463.1)     (636.7)
MCDONALDS CORP    MDO GR        49,938.9    (9,463.1)     (636.7)
MCDONALDS CORP    MCD* MM       49,938.9    (9,463.1)     (636.7)
MCDONALDS CORP    MCD TE        49,938.9    (9,463.1)     (636.7)
MCDONALDS CORP    MDO QT        49,938.9    (9,463.1)     (636.7)
MCDONALDS CORP    0R16 LN       49,938.9    (9,463.1)     (636.7)
MCDONALDS CORP    MCD AV        49,938.9    (9,463.1)     (636.7)
MCDONALDS CORP    MCD CI        49,938.9    (9,463.1)     (636.7)
MCDONALDS CORP    MCDUSD SW     49,938.9    (9,463.1)     (636.7)
MCDONALDS CORP    MCDEUR EU     49,938.9    (9,463.1)     (636.7)
MCDONALDS CORP    MDO GZ        49,938.9    (9,463.1)     (636.7)
MCDONALDS-CEDEAR  MCD AR        49,938.9    (9,463.1)     (636.7)
MCDONALDS-CEDEAR  MCDC AR       49,938.9    (9,463.1)     (636.7)
MCDONALDS-CEDEAR  MCDD AR       49,938.9    (9,463.1)     (636.7)
MERCER PARK BR-A  MRCQF US         411.4        (9.5)        2.9
MERCER PARK BR-A  BRND/A/U CN      411.4        (9.5)        2.9
MICHAELS COS INC  MIKEUR EU      3,923.3    (1,509.9)      385.4
MICHAELS COS INC  MIK US         3,923.3    (1,509.9)      385.4
MICHAELS COS INC  MIM GR         3,923.3    (1,509.9)      385.4
MIGOM GLOBAL COR  MGOM US            0.0        (0.0)       (0.0)
MILESTONE MEDICA  MMDPLN EU          0.7       (15.4)      (15.5)
MILESTONE MEDICA  MMD PW             0.7       (15.4)      (15.5)
MOTOROLA SOL-BDR  M1SI34 BZ     10,374.0      (815.0)      606.0
MOTOROLA SOL-CED  MSI AR        10,374.0      (815.0)      606.0
MOTOROLA SOLUTIO  MOT TE        10,374.0      (815.0)      606.0
MOTOROLA SOLUTIO  MSI US        10,374.0      (815.0)      606.0
MOTOROLA SOLUTIO  MTLA TH       10,374.0      (815.0)      606.0
MOTOROLA SOLUTIO  MTLA QT       10,374.0      (815.0)      606.0
MOTOROLA SOLUTIO  MTLA GR       10,374.0      (815.0)      606.0
MOTOROLA SOLUTIO  MOSI AV       10,374.0      (815.0)      606.0
MOTOROLA SOLUTIO  MSI1EUR EU    10,374.0      (815.0)      606.0
MOTOROLA SOLUTIO  MTLA GZ       10,374.0      (815.0)      606.0
MSCI INC          3HM GR         4,187.4      (310.9)    1,064.9
MSCI INC          MSCI US        4,187.4      (310.9)    1,064.9
MSCI INC          3HM GZ         4,187.4      (310.9)    1,064.9
MSCI INC          MSCI* MM       4,187.4      (310.9)    1,064.9
MSCI INC          3HM QT         4,187.4      (310.9)    1,064.9
MSG NETWORKS- A   MSGN US          850.8      (552.8)      258.6
MSG NETWORKS- A   1M4 GR           850.8      (552.8)      258.6
MSG NETWORKS- A   1M4 QT           850.8      (552.8)      258.6
MSG NETWORKS- A   MSGNEUR EU       850.8      (552.8)      258.6
MSG NETWORKS- A   1M4 TH           850.8      (552.8)      258.6
NATHANS FAMOUS    NATH US          102.2       (65.3)       76.4
NATHANS FAMOUS    NFA GR           102.2       (65.3)       76.4
NATHANS FAMOUS    NATHEUR EU       102.2       (65.3)       76.4
NATIONAL CINEMED  NCMI US        1,147.9      (175.0)      214.5
NAVISTAR INTL     IHR TH         6,675.0    (3,828.0)    1,577.0
NAVISTAR INTL     NAVEUR EU      6,675.0    (3,828.0)    1,577.0
NAVISTAR INTL     IHR GR         6,675.0    (3,828.0)    1,577.0
NAVISTAR INTL     NAV US         6,675.0    (3,828.0)    1,577.0
NAVISTAR INTL     IHR QT         6,675.0    (3,828.0)    1,577.0
NAVISTAR INTL     IHR GZ         6,675.0    (3,828.0)    1,577.0
NESCO HOLDINGS I  NSCO US          783.2       (40.2)       47.6
NEW ENG RLTY-LP   NEN US           294.8       (37.7)        -
NKARTA INC        NKTX US           43.6       (24.1)      (37.4)
NORTONLIFEL- BDR  S1YM34 BZ      6,405.0      (503.0)     (598.0)
NORTONLIFELOCK I  NLOK US        6,405.0      (503.0)     (598.0)
NORTONLIFELOCK I  SYM GR         6,405.0      (503.0)     (598.0)
NORTONLIFELOCK I  SYMC TE        6,405.0      (503.0)     (598.0)
NORTONLIFELOCK I  SYM QT         6,405.0      (503.0)     (598.0)
NORTONLIFELOCK I  SYMC AV        6,405.0      (503.0)     (598.0)
NORTONLIFELOCK I  NLOK* MM       6,405.0      (503.0)     (598.0)
NORTONLIFELOCK I  SYMCEUR EU     6,405.0      (503.0)     (598.0)
NORTONLIFELOCK I  SYM GZ         6,405.0      (503.0)     (598.0)
NUNZIA PHARMACEU  NUNZ US            0.1        (3.2)       (2.5)
NUTANIX INC - A   0NU GZ         1,768.5      (275.0)      333.8
NUTANIX INC - A   0NU GR         1,768.5      (275.0)      333.8
NUTANIX INC - A   NTNXEUR EU     1,768.5      (275.0)      333.8
NUTANIX INC - A   0NU TH         1,768.5      (275.0)      333.8
NUTANIX INC - A   0NU QT         1,768.5      (275.0)      333.8
NUTANIX INC - A   NTNX US        1,768.5      (275.0)      333.8
OMEROS CORP       OMER US           70.7      (161.3)        0.9
OMEROS CORP       3O8 GR            70.7      (161.3)        0.9
OMEROS CORP       3O8 QT            70.7      (161.3)        0.9
OMEROS CORP       OMEREUR EU        70.7      (161.3)        0.9
OMEROS CORP       3O8 TH            70.7      (161.3)        0.9
ONTRAK INC        OTRK US           25.0       (30.0)        2.6
ONTRAK INC        HY1N GZ           25.0       (30.0)        2.6
ONTRAK INC        HY1N GR           25.0       (30.0)        2.6
ONTRAK INC        CATSEUR EU        25.0       (30.0)        2.6
ONTRAK INC        HY1N TH           25.0       (30.0)        2.6
OPEN LENDING C-A  LPRO US          186.5      (464.3)        -
OPTIVA INC        RE6 GR            91.1       (49.6)        4.5
OPTIVA INC        OPT CN            91.1       (49.6)        4.5
OPTIVA INC        RKNEF US          91.1       (49.6)        4.5
OPTIVA INC        RKNEUR EU         91.1       (49.6)        4.5
OPTIVA INC        3230510Q EU       91.1       (49.6)        4.5
OTIS WORLDWI      OTIS US       10,441.0    (3,576.0)      630.0
OTIS WORLDWI      4PG GR        10,441.0    (3,576.0)      630.0
OTIS WORLDWI      OTISEUR EU    10,441.0    (3,576.0)      630.0
OTIS WORLDWI      4PG GZ        10,441.0    (3,576.0)      630.0
OTIS WORLDWI      OTIS* MM      10,441.0    (3,576.0)      630.0
OTIS WORLDWI      4PG TH        10,441.0    (3,576.0)      630.0
OTIS WORLDWI      4PG QT        10,441.0    (3,576.0)      630.0
PAPA JOHN'S INTL  PZZA US          757.7       (33.4)       (3.4)
PAPA JOHN'S INTL  PP1 GR           757.7       (33.4)       (3.4)
PAPA JOHN'S INTL  PZZAEUR EU       757.7       (33.4)       (3.4)
PAPA JOHN'S INTL  PP1 GZ           757.7       (33.4)       (3.4)
PARATEK PHARMACE  PRTK US          227.1       (63.5)      188.3
PARATEK PHARMACE  N4CN GR          227.1       (63.5)      188.3
PARATEK PHARMACE  N4CN TH          227.1       (63.5)      188.3
PHILIP MORRI-BDR  PHMO34 BZ     39,162.0   (10,120.0)    1,984.0
PHILIP MORRIS IN  4I1 GR        39,162.0   (10,120.0)    1,984.0
PHILIP MORRIS IN  PM US         39,162.0   (10,120.0)    1,984.0
PHILIP MORRIS IN  PM1CHF EU     39,162.0   (10,120.0)    1,984.0
PHILIP MORRIS IN  PM1 TE        39,162.0   (10,120.0)    1,984.0
PHILIP MORRIS IN  4I1 TH        39,162.0   (10,120.0)    1,984.0
PHILIP MORRIS IN  PM1EUR EU     39,162.0   (10,120.0)    1,984.0
PHILIP MORRIS IN  PMI SW        39,162.0   (10,120.0)    1,984.0
PHILIP MORRIS IN  4I1 QT        39,162.0   (10,120.0)    1,984.0
PHILIP MORRIS IN  PMIZ IX       39,162.0   (10,120.0)    1,984.0
PHILIP MORRIS IN  PMIZ EB       39,162.0   (10,120.0)    1,984.0
PHILIP MORRIS IN  0M8V LN       39,162.0   (10,120.0)    1,984.0
PHILIP MORRIS IN  PMOR AV       39,162.0   (10,120.0)    1,984.0
PHILIP MORRIS IN  PM* MM        39,162.0   (10,120.0)    1,984.0
PHILIP MORRIS IN  4I1 GZ        39,162.0   (10,120.0)    1,984.0
PLANET FITNESS-A  3PL QT         1,800.0      (721.7)      446.9
PLANET FITNESS-A  PLNT1EUR EU    1,800.0      (721.7)      446.9
PLANET FITNESS-A  PLNT US        1,800.0      (721.7)      446.9
PLANET FITNESS-A  3PL TH         1,800.0      (721.7)      446.9
PLANET FITNESS-A  3PL GR         1,800.0      (721.7)      446.9
PLANTRONICS INC   PLT US         2,228.9      (149.7)      183.5
PLANTRONICS INC   PTM GR         2,228.9      (149.7)      183.5
PLANTRONICS INC   PLTEUR EU      2,228.9      (149.7)      183.5
PLANTRONICS INC   PTM GZ         2,228.9      (149.7)      183.5
PPD INC           PPD US         5,906.5    (1,034.5)      136.9
PRIORITY TECHNOL  PRTHU US         449.7      (133.5)       (4.8)
PROGENITY INC     4ZU GR           111.0       (84.8)        9.5
PROGENITY INC     4ZU TH           111.0       (84.8)        9.5
PROGENITY INC     4ZU QT           111.0       (84.8)        9.5
PROGENITY INC     PROGEUR EU       111.0       (84.8)        9.5
PROGENITY INC     4ZU GZ           111.0       (84.8)        9.5
PROGENITY INC     PROG US          111.0       (84.8)        9.5
PSOMAGEN INC-KDR  950200 KS          -           -           -
QUANTUM CORP      QMCO US          164.9      (195.5)       (0.9)
QUANTUM CORP      QNT2 GR          164.9      (195.5)       (0.9)
QUANTUM CORP      QTM1EUR EU       164.9      (195.5)       (0.9)
RADIUS HEALTH IN  RDUS US          175.1      (109.4)       94.2
RADIUS HEALTH IN  1R8 GR           175.1      (109.4)       94.2
RADIUS HEALTH IN  1R8 TH           175.1      (109.4)       94.2
RADIUS HEALTH IN  RDUSEUR EU       175.1      (109.4)       94.2
RADIUS HEALTH IN  1R8 QT           175.1      (109.4)       94.2
REC SILICON ASA   RECO IX          268.9       (49.9)        4.4
REC SILICON ASA   RECO S1          268.9       (49.9)        4.4
REC SILICON ASA   REC SS           268.9       (49.9)        4.4
REC SILICON ASA   RECO TQ          268.9       (49.9)        4.4
REC SILICON ASA   REC EU           268.9       (49.9)        4.4
REC SILICON ASA   RECO EB          268.9       (49.9)        4.4
REC SILICON ASA   RECO S2          268.9       (49.9)        4.4
REC SILICON ASA   RECO QX          268.9       (49.9)        4.4
REC SILICON ASA   RECO I2          268.9       (49.9)        4.4
REC SILICON ASA   REC NO           268.9       (49.9)        4.4
REC SILICON ASA   RECO B3          268.9       (49.9)        4.4
REC SILICON ASA   RECO PO          268.9       (49.9)        4.4
REKOR SYSTEMS IN  REKREUR EU        22.6        (4.6)       (0.2)
REKOR SYSTEMS IN  REKR US           22.6        (4.6)       (0.2)
REVLON INC-A      RVL1 GR        2,999.3    (1,548.5)       28.9
REVLON INC-A      REV* MM        2,999.3    (1,548.5)       28.9
REVLON INC-A      RVL1 TH        2,999.3    (1,548.5)       28.9
REVLON INC-A      REVEUR EU      2,999.3    (1,548.5)       28.9
REVLON INC-A      REV US         2,999.3    (1,548.5)       28.9
RIMINI STREET IN  RMNI US          201.8       (89.8)      (91.5)
ROSETTA STONE IN  RST US           191.0       (20.2)      (65.3)
ROSETTA STONE IN  RS8 GR           191.0       (20.2)      (65.3)
ROSETTA STONE IN  RS8 TH           191.0       (20.2)      (65.3)
ROSETTA STONE IN  RST1EUR EU       191.0       (20.2)      (65.3)
SALLY BEAUTY HOL  S7V GR         3,198.1       (69.1)      825.6
SALLY BEAUTY HOL  SBH US         3,198.1       (69.1)      825.6
SALLY BEAUTY HOL  SBHEUR EU      3,198.1       (69.1)      825.6
SBA COMM CORP     4SB QT         9,390.5    (4,290.6)       71.4
SBA COMM CORP     SBACEUR EU     9,390.5    (4,290.6)       71.4
SBA COMM CORP     SBAC* MM       9,390.5    (4,290.6)       71.4
SBA COMM CORP     4SB TH         9,390.5    (4,290.6)       71.4
SBA COMM CORP     4SB GZ         9,390.5    (4,290.6)       71.4
SBA COMM CORP     SBAC US        9,390.5    (4,290.6)       71.4
SBA COMM CORP     4SB GR         9,390.5    (4,290.6)       71.4
SBA COMMUN - BDR  S1BA34 BZ      9,390.5    (4,290.6)       71.4
SCIENTIFIC GAMES  TJW GZ         7,844.0    (2,479.0)      847.0
SCIENTIFIC GAMES  SGMS US        7,844.0    (2,479.0)      847.0
SCIENTIFIC GAMES  TJW GR         7,844.0    (2,479.0)      847.0
SCIENTIFIC GAMES  TJW TH         7,844.0    (2,479.0)      847.0
SEALED AIR C-BDR  S1EA34 BZ      5,756.3       (70.1)      277.4
SEALED AIR CORP   SEE US         5,756.3       (70.1)      277.4
SEALED AIR CORP   SDA GR         5,756.3       (70.1)      277.4
SEALED AIR CORP   SDA QT         5,756.3       (70.1)      277.4
SEALED AIR CORP   SEE1EUR EU     5,756.3       (70.1)      277.4
SEALED AIR CORP   SDA TH         5,756.3       (70.1)      277.4
SERES THERAPEUTI  1S9 SW           100.7       (65.6)       28.5
SERES THERAPEUTI  MCRB1EUR EU      100.7       (65.6)       28.5
SERES THERAPEUTI  MCRB US          100.7       (65.6)       28.5
SERES THERAPEUTI  1S9 GR           100.7       (65.6)       28.5
SERES THERAPEUTI  1S9 TH           100.7       (65.6)       28.5
SHELL MIDSTREAM   SHLX US        2,416.0      (379.0)      317.0
SIRIUS XM HO-BDR  SRXM34 BZ     12,465.0      (668.0)   (2,057.0)
SIRIUS XM HOLDIN  RDO GR        12,465.0      (668.0)   (2,057.0)
SIRIUS XM HOLDIN  RDO TH        12,465.0      (668.0)   (2,057.0)
SIRIUS XM HOLDIN  RDO QT        12,465.0      (668.0)   (2,057.0)
SIRIUS XM HOLDIN  SIRI US       12,465.0      (668.0)   (2,057.0)
SIRIUS XM HOLDIN  SIRI AV       12,465.0      (668.0)   (2,057.0)
SIRIUS XM HOLDIN  SIRIEUR EU    12,465.0      (668.0)   (2,057.0)
SIRIUS XM HOLDIN  RDO GZ        12,465.0      (668.0)   (2,057.0)
SIX FLAGS ENTERT  6FE GR         2,968.9      (426.8)       82.8
SIX FLAGS ENTERT  6FE QT         2,968.9      (426.8)       82.8
SIX FLAGS ENTERT  6FE TH         2,968.9      (426.8)       82.8
SIX FLAGS ENTERT  SIXEUR EU      2,968.9      (426.8)       82.8
SIX FLAGS ENTERT  SIX US         2,968.9      (426.8)       82.8
SLEEP NUMBER COR  SL2 GR           768.8      (163.0)     (420.8)
SLEEP NUMBER COR  SNBR US          768.8      (163.0)     (420.8)
SLEEP NUMBER COR  SNBREUR EU       768.8      (163.0)     (420.8)
SOCIAL CAPITAL    IPOC/U US        829.2       800.2         1.1
SOCIAL CAPITAL    IPOB/U US        415.4       400.7         1.2
SOCIAL CAPITAL-A  IPOC US          829.2       800.2         1.1
SOCIAL CAPITAL-A  IPOB US          415.4       400.7         1.2
SONA NANOTECH IN  SNANF US           1.8        (1.4)       (1.6)
SONA NANOTECH IN  SONA CN            1.8        (1.4)       (1.6)
STARBUCKS CORP    SBUX* MM      29,140.6    (8,624.3)     (421.0)
STARBUCKS CORP    SRB GR        29,140.6    (8,624.3)     (421.0)
STARBUCKS CORP    SRB TH        29,140.6    (8,624.3)     (421.0)
STARBUCKS CORP    SBUX SW       29,140.6    (8,624.3)     (421.0)
STARBUCKS CORP    SRB QT        29,140.6    (8,624.3)     (421.0)
STARBUCKS CORP    TCXSBU AU     29,140.6    (8,624.3)     (421.0)
STARBUCKS CORP    USSBUX KZ     29,140.6    (8,624.3)     (421.0)
STARBUCKS CORP    0QZH LI       29,140.6    (8,624.3)     (421.0)
STARBUCKS CORP    SBUX AV       29,140.6    (8,624.3)     (421.0)
STARBUCKS CORP    SBUX TE       29,140.6    (8,624.3)     (421.0)
STARBUCKS CORP    SBUXEUR EU    29,140.6    (8,624.3)     (421.0)
STARBUCKS CORP    SBUX IM       29,140.6    (8,624.3)     (421.0)
STARBUCKS CORP    SBUX CI       29,140.6    (8,624.3)     (421.0)
STARBUCKS CORP    SBUXUSD SW    29,140.6    (8,624.3)     (421.0)
STARBUCKS CORP    SRB GZ        29,140.6    (8,624.3)     (421.0)
STARBUCKS CORP    SBUX US       29,140.6    (8,624.3)     (421.0)
STARBUCKS CORP    SBUX PE       29,140.6    (8,624.3)     (421.0)
STARBUCKS-BDR     SBUB34 BZ     29,140.6    (8,624.3)     (421.0)
STARBUCKS-CEDEAR  SBUX AR       29,140.6    (8,624.3)     (421.0)
STARBUCKS-CEDEAR  SBUXD AR      29,140.6    (8,624.3)     (421.0)
TAILORED BRANDS   TLRDQ* MM      2,500.4      (378.3)     (966.9)
TAUBMAN CENTERS   TU8 GR         4,591.4      (274.8)        -
TAUBMAN CENTERS   TCO US         4,591.4      (274.8)        -
TAUBMAN CENTERS   TCO2EUR EU     4,591.4      (274.8)        -
TRANSDIGM GROUP   TDG US        18,179.0    (4,179.0)    5,120.0
TRANSDIGM GROUP   T7D GR        18,179.0    (4,179.0)    5,120.0
TRANSDIGM GROUP   TDG* MM       18,179.0    (4,179.0)    5,120.0
TRANSDIGM GROUP   T7D TH        18,179.0    (4,179.0)    5,120.0
TRANSDIGM GROUP   TDGEUR EU     18,179.0    (4,179.0)    5,120.0
TRANSDIGM GROUP   T7D QT        18,179.0    (4,179.0)    5,120.0
TRIUMPH GROUP     TG7 GR         2,266.3    (1,047.4)      383.3
TRIUMPH GROUP     TGI US         2,266.3    (1,047.4)      383.3
TRIUMPH GROUP     TG7 TH         2,266.3    (1,047.4)      383.3
TRIUMPH GROUP     TGIEUR EU      2,266.3    (1,047.4)      383.3
TUPPERWARE BRAND  TUP US         1,194.3      (282.3)     (730.8)
TUPPERWARE BRAND  TUP GR         1,194.3      (282.3)     (730.8)
TUPPERWARE BRAND  TUP QT         1,194.3      (282.3)     (730.8)
TUPPERWARE BRAND  TUP SW         1,194.3      (282.3)     (730.8)
TUPPERWARE BRAND  TUP TH         1,194.3      (282.3)     (730.8)
TUPPERWARE BRAND  TUP1EUR EU     1,194.3      (282.3)     (730.8)
TUPPERWARE BRAND  TUP GZ         1,194.3      (282.3)     (730.8)
UBIQUITI INC      UI US            737.5      (295.5)      322.4
UBIQUITI INC      3UB GR           737.5      (295.5)      322.4
UBIQUITI INC      UBNTEUR EU       737.5      (295.5)      322.4
UBIQUITI INC      3UB GZ           737.5      (295.5)      322.4
UNISYS CORP       UISEUR EU      2,399.3      (238.7)      527.3
UNISYS CORP       UISCHF EU      2,399.3      (238.7)      527.3
UNISYS CORP       USY1 TH        2,399.3      (238.7)      527.3
UNISYS CORP       USY1 GR        2,399.3      (238.7)      527.3
UNISYS CORP       UIS US         2,399.3      (238.7)      527.3
UNISYS CORP       UIS1 SW        2,399.3      (238.7)      527.3
UNISYS CORP       USY1 GZ        2,399.3      (238.7)      527.3
UNISYS CORP       USY1 QT        2,399.3      (238.7)      527.3
UNITI GROUP INC   UNIT US        4,816.2    (2,217.1)        -
UNITI GROUP INC   8XC TH         4,816.2    (2,217.1)        -
UNITI GROUP INC   8XC GR         4,816.2    (2,217.1)        -
VALVOLINE INC     0V4 GR         2,963.0      (188.0)      947.0
VALVOLINE INC     0V4 TH         2,963.0      (188.0)      947.0
VALVOLINE INC     VVVEUR EU      2,963.0      (188.0)      947.0
VALVOLINE INC     0V4 QT         2,963.0      (188.0)      947.0
VALVOLINE INC     VVV US         2,963.0      (188.0)      947.0
VECTOR GROUP LTD  VGR US         1,531.7      (669.2)      300.6
VECTOR GROUP LTD  VGR GR         1,531.7      (669.2)      300.6
VECTOR GROUP LTD  VGR QT         1,531.7      (669.2)      300.6
VECTOR GROUP LTD  VGR TH         1,531.7      (669.2)      300.6
VECTOR GROUP LTD  VGREUR EU      1,531.7      (669.2)      300.6
VECTOR GROUP LTD  VGR GZ         1,531.7      (669.2)      300.6
VERISIGN INC      VRS TH         1,820.1    (1,400.3)      231.3
VERISIGN INC      VRS GR         1,820.1    (1,400.3)      231.3
VERISIGN INC      VRSN US        1,820.1    (1,400.3)      231.3
VERISIGN INC      VRS QT         1,820.1    (1,400.3)      231.3
VERISIGN INC      VRS SW         1,820.1    (1,400.3)      231.3
VERISIGN INC      VRSN* MM       1,820.1    (1,400.3)      231.3
VERISIGN INC      VRSNEUR EU     1,820.1    (1,400.3)      231.3
VERISIGN INC      VRS GZ         1,820.1    (1,400.3)      231.3
VERISIGN INC-BDR  VRSN34 BZ      1,820.1    (1,400.3)      231.3
VERISIGN-CEDEAR   VRSN AR        1,820.1    (1,400.3)      231.3
VIVINT SMART HOM  VVNT US        2,829.9    (1,404.9)     (218.0)
WARNER MUSIC-A    WMG US         6,148.0       (21.0)     (943.0)
WARNER MUSIC-A    WA4 GR         6,148.0       (21.0)     (943.0)
WARNER MUSIC-A    WMGEUR EU      6,148.0       (21.0)     (943.0)
WARNER MUSIC-A    WA4 GZ         6,148.0       (21.0)     (943.0)
WARNER MUSIC-A    WMG AV         6,148.0       (21.0)     (943.0)
WARNER MUSIC-A    WA4 TH         6,148.0       (21.0)     (943.0)
WATERS CORP       WAZ TH         2,648.3      (191.7)      572.1
WATERS CORP       WAZ QT         2,648.3      (191.7)      572.1
WATERS CORP       WATEUR EU      2,648.3      (191.7)      572.1
WATERS CORP       WAT US         2,648.3      (191.7)      572.1
WATERS CORP       WAZ GR         2,648.3      (191.7)      572.1
WATERS CORP       WAT* MM        2,648.3      (191.7)      572.1
WATERS CORP-BDR   WATC34 BZ      2,648.3      (191.7)      572.1
WAYFAIR INC- A    W US           4,379.5      (787.4)      595.6
WAYFAIR INC- A    W* MM          4,379.5      (787.4)      595.6
WAYFAIR INC- A    1WF GR         4,379.5      (787.4)      595.6
WAYFAIR INC- A    1WF TH         4,379.5      (787.4)      595.6
WAYFAIR INC- A    WEUR EU        4,379.5      (787.4)      595.6
WAYFAIR INC- A    1WF GZ         4,379.5      (787.4)      595.6
WAYFAIR INC- A    1WF QT         4,379.5      (787.4)      595.6
WESTERN UNIO-BDR  WUNI34 BZ      8,707.0       (73.4)     (290.8)
WESTERN UNION     W3U GR         8,707.0       (73.4)     (290.8)
WESTERN UNION     WU US          8,707.0       (73.4)     (290.8)
WESTERN UNION     W3U TH         8,707.0       (73.4)     (290.8)
WESTERN UNION     WU* MM         8,707.0       (73.4)     (290.8)
WESTERN UNION     W3U QT         8,707.0       (73.4)     (290.8)
WESTERN UNION     W3U SW         8,707.0       (73.4)     (290.8)
WESTERN UNION     WUEUR EU       8,707.0       (73.4)     (290.8)
WESTERN UNION     W3U GZ         8,707.0       (73.4)     (290.8)
WHITING PETROLEU  9998865D US    3,732.2      (178.3)     (478.8)
WHITING PETROLEU  WLL1* MM       3,732.2      (178.3)     (478.8)
WHITING PETROLEU  WLL US         3,732.2      (178.3)     (478.8)
WHITING PETROLEU  WHT2 GR        3,732.2      (178.3)     (478.8)
WHITING PETROLEU  WLL1EUR EU     3,732.2      (178.3)     (478.8)
WHITING PETROLEU  WHT2 GZ        3,732.2      (178.3)     (478.8)
WIDEOPENWEST INC  WU5 TH         2,494.4      (238.6)      (95.8)
WIDEOPENWEST INC  WU5 GR         2,494.4      (238.6)      (95.8)
WIDEOPENWEST INC  WU5 QT         2,494.4      (238.6)      (95.8)
WIDEOPENWEST INC  WOW1EUR EU     2,494.4      (238.6)      (95.8)
WIDEOPENWEST INC  WOW US         2,494.4      (238.6)      (95.8)
WINGSTOP INC      WING1EUR EU      201.1      (192.7)       19.9
WINGSTOP INC      WING US          201.1      (192.7)       19.9
WINGSTOP INC      EWG GR           201.1      (192.7)       19.9
WINGSTOP INC      EWG GZ           201.1      (192.7)       19.9
WINMARK CORP      WINA US           31.6       (18.6)        0.5
WINMARK CORP      GBZ GR            31.6       (18.6)        0.5
WORKHORSE GROUP   WKHSEUR EU        55.5       (70.5)      (70.0)
WORKHORSE GROUP   1WO TH            55.5       (70.5)      (70.0)
WORKHORSE GROUP   1WO GZ            55.5       (70.5)      (70.0)
WORKHORSE GROUP   WKHS US           55.5       (70.5)      (70.0)
WORKHORSE GROUP   1WO GR            55.5       (70.5)      (70.0)
WORKHORSE GROUP   1WO QT            55.5       (70.5)      (70.0)
WW INTERNATIONAL  WW US          1,469.5      (645.5)      (93.7)
WW INTERNATIONAL  WW6 GR         1,469.5      (645.5)      (93.7)
WW INTERNATIONAL  WTWEUR EU      1,469.5      (645.5)      (93.7)
WW INTERNATIONAL  WW6 QT         1,469.5      (645.5)      (93.7)
WW INTERNATIONAL  WTW AV         1,469.5      (645.5)      (93.7)
WW INTERNATIONAL  WW6 GZ         1,469.5      (645.5)      (93.7)
WW INTERNATIONAL  WW6 TH         1,469.5      (645.5)      (93.7)
WYNDHAM DESTINAT  WD5 GR         7,597.0    (1,050.0)    1,308.0
WYNDHAM DESTINAT  WYND US        7,597.0    (1,050.0)    1,308.0
WYNDHAM DESTINAT  WD5 TH         7,597.0    (1,050.0)    1,308.0
WYNDHAM DESTINAT  WD5 QT         7,597.0    (1,050.0)    1,308.0
WYNDHAM DESTINAT  WYNEUR EU      7,597.0    (1,050.0)    1,308.0
YRC WORLDWIDE IN  YEL1 GR        1,936.6      (466.9)       57.0
YRC WORLDWIDE IN  YRCW US        1,936.6      (466.9)       57.0
YRC WORLDWIDE IN  YEL1 TH        1,936.6      (466.9)       57.0
YRC WORLDWIDE IN  YRCWEUR EU     1,936.6      (466.9)       57.0
YRC WORLDWIDE IN  YEL1 QT        1,936.6      (466.9)       57.0
YUM! BRANDS -BDR  YUMR34 BZ      6,421.0    (8,108.0)      923.0
YUM! BRANDS INC   TGR TH         6,421.0    (8,108.0)      923.0
YUM! BRANDS INC   TGR GR         6,421.0    (8,108.0)      923.0
YUM! BRANDS INC   YUMEUR EU      6,421.0    (8,108.0)      923.0
YUM! BRANDS INC   TGR QT         6,421.0    (8,108.0)      923.0
YUM! BRANDS INC   YUM SW         6,421.0    (8,108.0)      923.0
YUM! BRANDS INC   YUM* MM        6,421.0    (8,108.0)      923.0
YUM! BRANDS INC   YUM AV         6,421.0    (8,108.0)      923.0
YUM! BRANDS INC   TGR TE         6,421.0    (8,108.0)      923.0
YUM! BRANDS INC   YUMUSD SW      6,421.0    (8,108.0)      923.0
YUM! BRANDS INC   TGR GZ         6,421.0    (8,108.0)      923.0
YUM! BRANDS INC   YUM US         6,421.0    (8,108.0)      923.0



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2020.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

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