/raid1/www/Hosts/bankrupt/TCR_Public/200922.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 22, 2020, Vol. 24, No. 265

                            Headlines

1 GC COLLECTIONS: Trustee Hires Katie S. Phang as Special Counsel
ACASTI PHARMA: Appoints Brian Ford as Chief Financial Officer
ALKU LLC: Moody's Raises CFR to B2, Outlook Stable
ARCHDIOCESE OF NEW ORLEANS: Panel Taps Kinsella as Expert Witness
ARR INVESTMENTS: Miller Buying Ellenwood Property for $817K

ASHBURY HOLDINGS: Hires Naden/Lean, LLC as Accountant
ASI CAPITAL: Committee Hires Cohen & Cohen as Counsel
BIORESTORATIVE THERAPIES: Court Approves Disclosure Statement
CALIFORNIA PIZZA: Hires Alvarez & Marsal as Financial Advisor
CALIFORNIA PIZZA: Hires Guggenheim Securities as Investment Banker

CALIFORNIA PIZZA: Seeks to Hire Hilco Real Estate as Consultant
CALIFORNIA PIZZA: Seeks to Hire Jackson Walker as Co-Counsel
CALIFORNIA PIZZA: Seeks to Hire Kirkland & Ellis as Legal Counsel
CFO MGMT: Trustee's $17.5M Sale of McKinney Property to CP380 OK'd
COHERENT INC: S&P Downgrades ICR to 'BB'; Outlook Stable

CPI CARD: Appoints Jorg Schneewind to Board of Directors
DAVIDSTEA INC: Creditors Must Submit Claims by Nov. 6
DENBURY RESOURCES: Hires Alvarez & Marsal as Financial Advisor
DENBURY RESOURCES: Hires Evercore Group as Investment Banker
DENBURY RESOURCES: Hires Jackson Walker as Co-Counsel

DENBURY RESOURCES: Seeks to Hire Kirkland & Ellis as Counsel
DENBURY RESOURCES: Seeks to Hire KPMG LLP as Tax Consultant
DUN & BRADSTREET: Fitch Ups IDR to BB- on Continued Debt Reduction
EPIC CRUDE: S&P Cuts ICR to 'B-' on Elevated Leverage, Outlook Neg.
FIELDWOOD ENERGY: Seeks Court Approval to Employ OCPs

FIRST QUANTUM: S&P Alters Outlook to Positive, Affirms 'CCC+' ICR
FRANCHISE DYNAMICS: Unsecureds May Recover 100% of Claim
GALICIAPOKE LLC: Seeks to Hire BransonLaw as Counsel
GARRETT MOTION: Case Summary & 30 Largest Unsecured Creditors
GARRETT MOTION: Files Chapter 11 Petition to Facilitate Sale

GBT JERSEYCO: S&P Cuts ICR to B on Slow Recovery; Outlook Negative
GEORGIA DIRECT: KT Property Buying MS' Richmond Property for $275K
GEORGIA DIRECT: KT Property Buying MS' Richmond Property for $612K
GOLDEN HOTEL: Case Summary & 20 Largest Unsecured Creditors
GTT COMMUNICATIONS: S&P Retains 'CCC+' ICR on CreditWatch Negative

HANJIN INTERNATIONAL: S&P Affirms 'CCC+' ICR; Outlook Negative
HARTSHORNE HOLDINGS: Court Approves Hourly Fee of $905 for CRO
HOLDENVILLE PUBLIC WORKS: S&P Cuts Bond Rating to 'BB'
HUNTS POINT: Seeks to Hire Morrison Tenenbaum as Counsel
HYLAND SOFTWARE: S&P Affirms 'B-' ICR on Alfresco Acquisition

JIMMY LEE THRASH: Rep Selling Pearl Property for $6 Per Sq. Ft.
KB US HOLDINGS: Oct. 13 Auction of Substantially All Assets Set
KHAN AVIATION: Trustee Selling Scottsdale Property for $850K
KINTARA THERAPEUTICS: Incurs $9.1 Million Net Loss in Fiscal 2020
LATTICE SEMICONDUCTOR: S&P Upgrades ICR to 'BB-'; Outlook Stable

LEB HOLDINGS: Moody's Rates New $405MM Term Loan B 'B2'
LEB HOLDINGS: S&P Assigns 'B' Issuer Credit Rating; Outlook Stable
LIFT & CO: Makes Voluntary Assignment into Bankruptcy Under BIA
LIVING EPISTLES: Hires Jonathan V. Goodman as Counsel
MAI HOLDINGS: S&P Withdraws 'SD' Issuer Credit Rating

MANN REALTY: Court Upholds Withdrawal of Mumma Suit vs Double M
MATREIYA TRANS: Until April 19 to File Plan and Disclosures
MEDCOAST MEDSERVICE: Unsec. Creditors Will Get 3% Dividend in Plan
METHANEX CORP: S&P Rates New $600MM Senior Unsecured Notes 'BB'
MICHAELS COS: S&P Rates New $500MM Senior Secured Notes 'B+'

MINNESOTA ATTAINABLE: S&P Cuts 2017A Revenue Bond Rating to 'BB+'
MUSEUM OF AMERICAN: UMB Says Amended Plan Unconfirmable
NETSMART INC: S&P Rates New $915MM First-Lien Term Loan 'B-'
NEUMEDICINES INC: Seeks to Hire Sheppard Mullin as Special Counsel
NEW CAFE: Requests 120 More Days to Confirm Plan and Disclosures

NOBLE CORP: Seeks to Hire K&L Gates as Special Counsel
OASIS PETROLEUM: S&P Cuts ICR to 'D' on Missed Interest Payment
OCEAN POWER: EisnerAmper LLP Replaces KMPG LLP as Accountant
OCEAN POWER: Signs New $12.5M Stock Purchase Deal With Aspire
OLD TIME POTTERY: Unsecureds to Get Up to 100% in Plan

ORGANIC POWER: Sept. 24 Status Conference Set
OUTLOOK THERAPEUTICS: Stockholders OK 2015 Equity Plan Amendment
OVINTIV INC: Fitch Lowers LongTerm IDRs to 'BB+', Outlook Negative
PALAZZA SFT: Crusco Family Objects to Disclosure Statement
PLASKOLITE PPC: Moody's Alters Outlook on B3 CFR to Positive

POLYLAST SYSTEMS: Hires Minton CPAs as Accountant
PUBLIC FINANCE AUTHORITY, WI: S&P Cuts Revenue Bond Rating to BB+
RAHMANIA PROPERTIES: Unsecured Claims Are Unimpaired in Plan
ROCKPORT DEV'T: Standings Buying San Diego Property for $1.25M
RUSSELL CLARK: Steiners Buying Salisaw Property for $45K

RUTABAGA CAFE: Seeks Approval to Hire Bruner Wright as Counsel
SCOUTCAM INC: Reports $1.4-Mil. Net Loss for the March 31 Quarter
SEHAR INC: Seeks Court Approval to Hire Accountant
SONOMA PHARMACEUTICALS: Three Proposals Passed at Annual Meeting
SOPHIA LP: S&P Assigns 'B' Rating on New First-Lien Debt

SOTHERLY HOTELS: Says Substantial Going Concern Doubt Exists
SOUNDVIEW PREPARATORY: Hires Kirby Aisner as Legal Counsel
SOUTHERN VETERINARY: Moody's Assigns B3 CFR, Outlook Stable
SPHERE 3D: Discloses Substantial Doubt on Remaining Going Concern
STEIN MART: A&G Begins Marketing Leases for 280 Store Locations

STEIN MART: Has Substantial Doubt on Staying as a Going Concern
STEIN MART: Seeks to Hire A&G Realty as Real Estate Advisor
STEPSTONE GROUP: S&P Hikes ICR to 'BB+' on Leverage Reduction
STRATEGIC ENVIRONMENTAL: Incurs $626,000 Loss for March 31 Quarter
SUNDANCE ENERGY: Reports $60.2M Net Income for March 31 Quarter

SUPERMOOSE NEWCO: S&P Lowers ICR to 'CCC' on Liquidity Concerns
TARONIS FUELS: Says That Use of Cash Indicates Going Concern Doubt
TBH19 LLC: Seeks to Extend Authority to Hires Real Estate Broker
TEMBLOR PETROLEUM: Hires Energy Advisors as Sales Agent
TERRA TECH: Discloses Substantial Doubt on Staying Going Concern

TETSUMI KUROKAWA: Foreign Rep Selling Honolulu Property for $940K
TNT CRANE: Hires FTI Consulting as Financial Advisor
TNT CRANE: Hires Simpson Thacher as Financial Advisor
TNT CRANE: Seeks to Hire Ordinary Course Professionals
TOWER ONE WIRELESS: Smythe LLP Raises Going Concern Doubt

TRAQIQ INC: Has $119,000 Net Loss for the Quarter Ended March 31
TUESDAY MORNING: Chapter 11 Cases Raise Going Concern Doubt
TUESDAY MORNING: Equity Panel Questionnaire Deadline Set for Oct. 5
UNIT CORP: Reports $803.7-Mil. Net Loss for Quarter Ended March 31
UNIVERSAL TOWERS: Hires Opes Consulting as Financial Advisor

VALLEY VIEW: Taps McDonald Carano as New Legal Counsel
VIDEO DISPLAY: Reports $8K Net Loss for the Quarter Ended May 31
VISTAGEN THERAPEUTICS: Posts $3.5-Mil. Net Loss in First Quarter
VISTAGEN THERAPEUTICS: Rosalind Advisors, et al. Report 5.4% Stake
VISTAGEN THERAPEUTICS: Stockholders Elect Six Directors

VYAIRE MEDICAL: Moody's Alters Outlook on Caa1 CFR to Stable
WARNER CONSTRUCTION: Seeks Approval to Hire Bankruptcy Attorney
WATER NOW: Posts $2.2-Mil. Net Loss for the Quarter Ended March 31
WC 4TH AND COLORADO: Taps Fishman Jackson as Bankruptcy Counsel
WESTJET AIRLINES: S&P Affirms 'B-' ICR; Outlook Negative

WINDSTREAM HOLDINGS: Reports $162.4M Net Loss for June 30 Quarter
Z & J LLC: Seeks to Retain Mazzola Lindstrom as Special Counsel
[^] Large Companies with Insolvent Balance Sheet

                            *********

1 GC COLLECTIONS: Trustee Hires Katie S. Phang as Special Counsel
-----------------------------------------------------------------
James S. Cassel, the Liquidating Trustee of 1 GC Collections, and
its debtor-affiliates, seeks authority from the U.S. Bankruptcy
Court for the Southern District of Florida to employ Katie S.
Phang, P.A., as special litigation co-counsel to the Trustee.

The Trustee requires Katie S. Phang to represent and provide legal
services in relation to the prosecution and resolution of certain
litigation arising from the Debtors' pre-petition principal
business operations of underwriting, funding, monitoring and
collection of merchant credit advances ("Litigation Portfolio").

Jonathan S. Feldman was the primary partner at Perlman Bajandas
Yevoli & Albright, P.L., in charge of overseeing and prosecuting
the Litigation Portfolio.

Perlman Bajandas was paid on a contingency fee basis, as follows:

   a. Pre-judgment collections

     i. First $10,000 collected:                            33%
     ii. Second $10,000 collected:                           0%
     iii. Third $10,000 collected:                          28%
     iv. All remaining collected amounts:                   25%

   b. Post-judgment collections -- All collected amounts:   33%

On August 14, 2020, Mr. Feldman ceased being employed by Perlman
Bajandas. Mr. Feldman is now employed by Katie S. Phang but also
continues to serve as of counsel to Perlman Bajandas with respect
to certain matters other than this matter.

Katie S. Phang will split such fee with Perlman Bajandas as
follows:

   a. Settlements of pending litigation or judgment collection
      entered into prior to August 15, 2020: Perlman Bajandas and
      Katie S. Phang shall split any earned contingency fee going
      forward with 50% of such fee payable to Perlman Bajandas
      and 50% of such fee payable to Katie S. Phang.

   b. Settlements of pending litigation or judgment collection
      entered into on August 15, 2020 or thereafter: Perlman
      Bajandas and Katie S. Phang shall split any earned
      contingency fee with 25% of such fee payable to Perlman
      Bajandas and 75% of such fee payable to Katie S. Phang.

   c. Other compensation in which Perlman Bajandas or Katie S.
      Phang may seek entitlement from the Trust and which the
      Court approves: Perlman Bajandas and Katie S. Phang shall
      split such other compensation 25% to Perlman Bajandas and
      75% to Katie S. Phang.

Jonathan S. Feldman, of counsel at the law firm of Katie S. Phang,
P.A., assured the Court that the firm is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code
and does not represent any interest adverse to the Debtors and
their estates.

Katie S. Phang can be reached at:

     Jonathan S. Feldman, Esq.
     KATIE S. PHANG, P.A.
     9699 NE 2nd Avenue
     Miami Shores, FL 33138
     E-mail: feldman@katiephang.com

                     About 1 GC Collections

1 Global Capital, LLC -- https://1stglobalcapital.com/ -- is a
direct small business funder offering an array of flexible funding
solutions, specializing in unsecured business funding and merchant
cash advances.

1 Global Capital LLC, based in Hallandale Beach, Fla., and its
affiliates sought Chapter 11 protection (Bankr. S.D. Fla. Lead Case
No. 18-19121) on July 27, 2018. In the petition signed by Steven A.
Schwartz and Darice Lang, authorized signatories, 1st Global
Capital estimated $100 million to $500 million in assets and
liabilities as of the bankruptcy filing.

The Hon. Raymond B. Ray oversees the cases.

Greenberg Traurig LLP, led by Paul J. Keenan Jr., Esq., serves as
bankruptcy counsel; and Epiq Corporate Restructuring, LLC, as
claims and noticing agent.

The U.S. Trustee for Region 21 appointed an official committee of
unsecured creditors on Sept. 7, 2018. The committee tapped
Stichter, Riedel, Blain & Postler, P.A. as its legal counsel;
Conway MacKenzie, Inc., as financial advisor, along with Dundon
Advisers, LLC, as co-financial advisor.


ACASTI PHARMA: Appoints Brian Ford as Chief Financial Officer
-------------------------------------------------------------
Acasti Pharma Inc. has appointed seasoned financial executive Brian
D. Ford as its chief financial officer, effective Sept. 14, 2020.
Mr. Ford assumes the responsibilities formerly held by
Jean-Francois Boily, vice-president, finance, who recently
resigned.

Mr. Ford brings over three decades of financial, project management
and M&A experience within the healthcare and financial industries.
Mr. Ford is an accomplished CPA-CA having served both publicly
traded as well as privately owned organizations. Mr. Ford has been
responsible for developing business recovery strategies,
negotiating M&A transactions, as well as managing quarterly and
yearly accounting reports.  Most recently, Mr. Ford served as chief
financial officer and senior business advisor at a private group of
Ontario based medical clinics, including the largest chronic pain
management practice in Canada.  During his position as CFO and
Senior Business Advisor, Mr. Ford significantly improved the
Company's performance and was instrumental in preparing the Company
for its Initial Public Offering.  Prior to that, Mr. Ford served as
chief financial officer at Telesta Therapeutics.  At Telesta
Therapeutics, Mr. Ford helped develop a new business plan and was
heavily involved in all capital transactions.  Previously, Mr. Ford
started his own consulting firm, Petersford Consulting, where he
provided clients with finance and business risk services.  Mr. Ford
began his career at Ernst & Young, working his way to Principal,
Business Risk Services, developing essential business plans that
evaluated revenue and cost profiles supporting budget planning and
understanding drivers of growth, specifically with healthcare
companies.  Additionally, at Ernst & Young, Mr. Ford participated
in and often led teams in due diligence assignments in relation to
mergers and acquisitions or the sale of a business, having
extensive experience in developing financial forecasts, product and
market valuation, and audits of critical accounting and processes.
Mr. Ford holds a B.A. in Economics, History, and English from the
University of Guelph and has a Graduate Diploma in Accounting from
the University of McGill.  Mr. Ford is a member of the Ontario
Institute of Chartered Accountants.

Jan D'Alvise, chief executive officer of Acasti, commented, "We are
extremely pleased to appoint Brian D. Ford as Chief Financial
Officer.  Brian brings strong leadership skills, as well as
analytical and financial skills that we believe will add
significant value.  As we explore strategic options and
opportunities, we believe Brian's experience in problem solving,
strategic transactions, and M&A will prove beneficial.  Brian will
assume all responsibilities formerly held by Jean-Francois Boily,
who recently resigned, as previously announced.  We thank Mr. Boily
for his contributions to Acasti and wish him well on his future
endeavours."

Brian D. Ford commented, "I'm thrilled to accept the CFO position
at Acasti Pharma and look forward to successfully working with the
Acasti team.  I believe my experience in evaluating strategic
opportunities as well as M&A transactions will provide valuable
insights for Acasti as we evaluate our options moving forward."

In connection with Mr. Ford's appointment, the Company entered into
a CFO Consulting Agreement dated Sept. 14, 2020, with PFC Business
Advisory Services Inc., an entity through which Mr. Ford provides
consulting services.  The Consulting Agreement provides, among
other things, that Mr. Ford will serve as a non-employee chief
financial officer on a full-time basis, in exchange for a fee of
C$36,000 per month.

                       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.


ALKU LLC: Moody's Raises CFR to B2, Outlook Stable
--------------------------------------------------
Moody's Investors Service upgraded its ratings for ALKU, LLC,
including its corporate family rating (CFR) to B2 from B3 and its
probability of default rating to B2-PD from B3-PD. At the same
time, Moody's upgraded the instrument ratings on ALKU's senior
secured credit facility to B2 from B3. The outlook is stable.

"The one-notch upgrade of the CFR reflects ALKU's improved credit
profile and proven resiliency amid the coronavirus pandemic
demonstrated by continued demand for its niche of consulting
services," said Moody's lead analyst Andrew Macdonald. "During the
first half of 2020, the company's revenues grew in the low
double-digit percentages and leverage improved to 4.1x from 4.8x,"
said Moody's lead analyst Andrew MacDonald. "Going forward, we
believe that the company's leverage will remain sustained below its
previously indicated upgrade factor of 5x and expect positive free
cash flow to support good liquidity."

Upgrades:

Issuer: ALKU, LLC

Corporate Family Rating, Upgraded to B2 from B3

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

Senior Secured Bank Credit Facility, Upgraded to B2 (LGD3) from B3
(LGD3)

Outlook Actions:

Issuer: ALKU, LLC

Outlook, Remains Stable

RATINGS RATIONALE

ALKU's B2 CFR is constrained by the company's small scale in terms
of net revenues and narrow service offerings in the highly
competitive and volatile staffing industry with low entry barriers
and inherent cyclicality. Nonetheless, the company's niche market
focus within staffing is focused on high-skilled professions --
Life Sciences, Healthcare IT (HCIT), technology and Government
roles (with top clearance requirements) -- and support the
company's above average profitability margins, high revenue growth,
and customer retention rates. Moody's estimate of the company's
debt-to-EBITDA leverage (all ratios are Moody's adjusted unless
otherwise noted) is relatively modest at 4.1x for the twelve months
ended 30 June 2020. During the second quarter, the company was able
to shift a large portion of its operations to a remote setting
while maintaining operational productivity and continues to plan
staff expansions through its internship program which will drive
future revenue growth from new hires. The company's variable cost
structure and low capital needs provides flexibility as the company
is able to adjust sales staff based on client spending levels and
is not largely dependent on physical office locations. Long term,
Moody's anticipates challenges in maintaining its pool of
candidates and bill/pay rate spread that drive its gross margins,
although the current high unemployment rate should aid in sourcing
qualified candidates. Customer concentration is modestly higher
than other rated staffing firms, creating risk if clients shift
staffing providers. Cyclical client spending is partially mitigated
by the focus on specialized skill positions and customer needs that
would dampen volatility. Moody's believes the company's financial
policy will be aggressive with FFL Partners as the sponsor,
including event risk from debt-financed acquisitions and dividends,
which could increase leverage and vulnerability to cyclical
downturns.

Moody's expects ALKU's debt-to-EBITDA leverage will decline below
4x over the next 12-18 months. Growth in Healthcare IT and the Life
Sciences is expected to continue over the same period due to
favorable industry tailwinds including rising FDA compliance
incidents and ramp up of an electronic health record (EHR)
modernization project with DoD and VA, for which ALKU is a key
staffing partner. EBITDA margins in mid-teens and low capital
requirements should drive free cash flow around 5% of debt, a level
supportive of B2 rating. Maintenance of these financial metrics and
liquidity is an important consideration for the rating, given
ALKU's small scale and cyclicality of the business.

The stable outlook reflects Moody's expectation that high single
digit revenue growth and an EBITDA margin in mid-teens with
debt-to-EBITDA leverage near or below 4.0x over the next 12-18
months. Moody's also expects the company to maintain good liquidity
including $10 to $15 million of annual free cash flow and full
availability on its $30 million revolver.

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

The rating could be downgraded if slowing revenue growth or a
decline in the EBITDA margin leads to debt/EBITDA sustained above
5.0x or free cash flow to debt below 5%. A deterioration in
liquidity or debt financed acquisitions or shareholder
distributions could also lead to a downgrade. Given ALKU's small
scale and narrow operating scope, an upgrade is unlikely near term,
however an increase in scale and improvement in customer diversity,
debt/EBITDA sustained below 4.0x, and the company generates strong
free cash flow, and demonstrates and commits to a conservative
financial policy, the ratings could be upgraded.

Headquartered in Andover, Massachusetts, ALKU is a specialized
provider of temporary and contractual consultants in the
technology, healthcare IT, life sciences and government sectors
(top secret clearance-related roles). The company is majority owned
by FFL Partners since 2019. Revenue generated at the company was
$305 million during last twelve months ended 30 June 2020.

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


ARCHDIOCESE OF NEW ORLEANS: Panel Taps Kinsella as Expert Witness
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of The Roman Catholic
Church of the Archdiocese of New Orleans, seeks authority from the
U.S. Bankruptcy Court for the Eastern District of Louisiana to
employ Kinsella Media, LLC, as expert consultant and expert witness
to the Committee.

The Committee requires Kinsella to:

   a. provide expert consulting services, an expert report, and
      expert testimony regarding the bar date noticing program in
      the Case;

   b. provide expert consulting services, an expert report, and
      expert testimony in connection with the Debtor's Ex Parte
      Motion for an Order Establishing Deadlines for Filing
      Proofs of Claims; Approving Proof of Claim Form; and
      Approving Form and Manner of Notice Thereof (the "Bar Date
      Motion") and any contested matters, adversary proceedings,
      and/or any other litigation that may arise in this Case
      with regard to the Bar Date Motion and the bar date
      noticing program in the Case;

   c. render expert consulting services in the review and
      evaluation of the bar date notice, and noticing proposals
      and reports, whether informal or expert, prepared by the
      Debtor and/or its professionals;

   d. assist with the preparation of affidavits or declarations,
      and briefing in this Case concerning the issues for which
      KM and Dr. Wheatman are providing expert consulting
      services and expert testimony;

   e. prepare for and providing both deposition and court
      testimony in this Case regarding the issues for which Firm
      and Dr. Wheatman are providing expert consulting services
      and expert testimony, and consulting with Committee counsel
      regarding depositions and court testimony of any other
      interested party's witnesses concerning the Bar Date Motion
      and the bar date noticing program in the Case; and

   f. provide such other consulting and advisory services as may
      be requested by the Committee.

Kinsella will be paid at these hourly rates of $125 to $600.

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

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

Kinsella can be reached at:

     Shannon R. Wheatman
     KINSELLA MEDIA, LLC
     2101 L Street NW, Suite 800
     Washington, D.C. 20037
     Tel: (202) 686-41111
     Fax: (202) 293-6961

              About The Roman Catholic Church
             of the Archdiocese of New Orleans

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

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

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

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

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

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


ARR INVESTMENTS: Miller Buying Ellenwood Property for $817K
-----------------------------------------------------------
ARR Investments, Inc., and affiliates ask the U.S. Bankruptcy Court
for the Middle District of Florida to authorize them to sell the
real property located at 2765 East Atlanta Road, Ellenwood, Georgia
to Dannette Harvey Miller for $817,000, subject to higher and
better offers.

As part of ARR's ongoing reorganization efforts, ARR asks the
Court's approval of the sale of the Property to the Buyer for
$817,000 under the terms of their Sale Contract.  The Property is
not used in connection with ARR's current operations.   The sale
contract contemplates closing on Sept. 30, 2020.  Subject to court
approval, the Property will be liquidated, and all liens, claims,
and encumbrances will attach to the proceeds of the sale.

The proceeds of the sale will also be held in escrow in an account
agreed to by ARR and Bautista REO U.S., LLC pending the entry of a
final non-appealable order resolving Bautista's claim.  ARR has
been in discussions with Bautista regarding the Motion, and at this
time, it is unknown whether Bautista will object to the relief
sought.

ARR believes the purchase price offered for the Property is fair
and reasonable and will assist in its reorganization efforts.  In
addition, the ultimate sale to the Buyer will be subject to higher
and better offers.

ARR will separately ask Court approval of the employment and 6%
commission for the broker, Ncom Realty, LLC that listed and sold
the Property.

A copy of the Contract is available at https://tinyurl.com/y3ylx2xl
from PacerMonitor.com free of charge.

                     About ARR Investments

ARR Investments, Inc., and its subsidiaries --
http://www.arr-learningcenters.com/-- offer learning centers for  
infants, toddlers, preschoolers and Voluntary Pre-Kindergarten in
Orlando, Florida.  The Learning Centers provide computer labs;
dance, yoga, music classes; aerobics; foreign language instruction;
before/after school transportation; certified lifeguard and safety
instructor for swim lessons and play; and mini-camp breaks and
summer camp.
  
ARR Investments and three of its subsidiaries filed voluntary
petitions seeking relief under Chapter 11 of the Bankruptcy Code
(Bankr. M.D. Fla. Lead Case No. 19-01494) on March 8, 2019.  The
petitions were signed by Alejandrino Rodriguez, president.  At the
time of filing, the Debtors estimated under $10 million in both
assets and liabilities.  Jimmy D. Parrish, Esq., at Baker &
Hostetler LLP, serves as the Debtors' counsel.


ASHBURY HOLDINGS: Hires Naden/Lean, LLC as Accountant
-----------------------------------------------------
Ashbury Holdings LLC, seeks authority from the U.S. Bankruptcy
Court for the Western District of Virginia to employ Naden/Lean,
LLC as its accountant.

Services Naden intends to provide are:

     (a) Ordinary Course of Business Accounting and Bookkeeping
Services to include:

         (i) assist in the preparation of necessary monthly
financial statements, including reconciliations and data entry,
monthly operating and cash flow statements; and,

        (ii) provide normal course of business financial,
accounting, and management information consultations;

     (b) Tax Services to include general tax services, including
analysis of the Debtor's current tax position and assistance in
preparation of all necessary tax returns for the administrative
period (Petition Date to Plan Confirmation);

     (c) Chapter 11 Bankruptcy Services to include:

         (i) perform all other necessary or desirable accounting
services in this case outside of ordinary course of business
accounting;

        (ii) assist in the preparation of all reports or filings
requested by the U.S. Trustee;

       (iii) assist in the preparation of a plan of reorganization
and all related financial documents;

        (iv) attend at meetings as requested by Debtor;

         (v) provide general financial consulting analyses for
matters relating to the Chapter 11 bankruptcy case; and

        (vi) perform other services as requested by Debtor
consistent with professional standards to aid the Debtor in its
operation and reorganization.

Naden's hourly rates are:

     Partner – Bruce A. Caulk, CPA      $300
     Senior Manager – Vera Roslyakova   $185
     Staff – Evie Berman                 $90
     Staff – Administrative              $45

Naden is a "disinterested person", as defined in Sec. 101(14) of
the Bankruptcy Code and as required by Sec. 327(a) of the
Bankruptcy Code, according to court filings.

The firm can be reached through:

     Bruce A. Caulk, CPA
     Naden/Lean, LLC
     10626 York Rd # H
     Cockeysville, MD 21030
     Phone: +1 410-453-5500

                    About Ashbury Holdings

Ashbury Holdings LLC, based in Ruckersville, VA, filed a Chapter 11
petition (Bankr. W.D. Va. Case No. 20-61135) on Aug. 10, 2020.  In
the petition signed by Morris Peterson, managing member, the
Debtor
disclosed $4,324,947 in assets and $5,208,835 in liabilities.  The
Hon. Rebecca B. Connelly presides over the case.  WHARTON ALDHIZER
& WEAVER PLC, serves as bankruptcy counsel.


ASI CAPITAL: Committee Hires Cohen & Cohen as Counsel
-----------------------------------------------------
The Official Committee of Bondholders of ASI Capital Income Fund,
LLC, and its debtor-affiliates, seek authority from the U.S.
Bankruptcy Court for the District of Colorado to employ Cohen &
Cohen, P.C., as counsel to the Committee.

ASI Capital requires Cohen & Cohen to:

   a. consult with the Debtor and the Office of the U.S.
      Trustee regarding administration of the case;

   b. advise the Bondholders Committee with respect to its
      rights, powers, and duties as they relate to the case;

   c. investigate the acts, conduct, assets, liabilities, and
      financial condition of the Debtor;

   d. assist the Bondholders Committee in analyzing the Debtor's
      pre-petition and post- petition relationships with its
      creditors, equity interest holders, employees, and other
      parties in interest;

   e. assist and negotiate on the Bondholders Committee's behalf
      in matters relating to the claims of the Debtor's other
      creditors;

   f. assist the Bondholders Committee in preparing pleadings and
      applications as may be necessary to further the Committee's
      interests and objectives;

   g. research, analyze, investigate, file and prosecute
      litigation on behalf of the Bondholders Committee;

   h. represent the Bondholders Committee at hearings and other
      proceedings;

   i. review and analyze applications, orders, statements of
      operations, and schedules filed with the Court and advising
      the Bondholders Committee regarding all such materials;

   j. aid and enhance the Bondholders Committee's participation
      in formulating a plan;

   k. assist the Bondholders Committee in advising its
      constituents of the Bondholders Committee's decisions,
      including the collection and filing of acceptances and
      rejections to any proposed plan;

   l. negotiate and mediate issues relating to the value and
      payment of claims held by the Bondholders Committee's
      constituency; and

   m. perform such other legal services as may be required and
      are deemed to be in the interests of the Bondholders
      Committee.

Cohen & Cohen will be paid at these hourly rates:

     Partners                     $275 to $350
     Associates                   $225 to $275
     Paralegals                      $100

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

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

Cohen & Cohen can be reached at:

     Katharine Sender, Esq.
     COHEN & COHEN, P.C.
     1720 S. Bellaire, Suite 205
     Denver, CO 80222
     Tel: (303) 933-4529
     Fax: (866) 230-8268
     E-mail: ksender@cohenlawyers.com

                About ASI Capital Income Fund

ASI Capital Income Fund is an investment company as defined in 15
U.S.C. Section 80a-3. ASICIF holds interests in a number of
investments, including interests in hotels. ASICIF is wholly-owned
by ASI, also an investment company as defined in 15 U.S.C. Section
80a-3. ASI also holds interests in a number of investments,
including interests in hotels. ASI is the sole member of ASICIF.
Since Jan. 1, 2019 both ASICIF and ASI have been managed by the
same manager, The Convergence Group.

ASI Capital Income Fund, LLC, based in Colorado Springs, CO, filed
a Chapter 11 petition (Bankr. D. Colo. Case No. 20-14066) on June
15, 2020.  In its petition, the Debtor was estimated to have $10
million to $50 million in both assets and liabilities. The petition
was signed by Ryan C. Dunham, CEO, Convergence Group.

LEWIS BRISBOIS BISGAARD & SMITH, LLP, serves as bankruptcy counsel
to the Debtor.




BIORESTORATIVE THERAPIES: Court Approves Disclosure Statement
-------------------------------------------------------------
Judge Robert E. Grossman has ordered that the Amended Disclosure
Statement of BioRestorative Therapies, Inc., is approved.

The Ballots, substantially in the forms, respectively, are hereby
approved.

The Ballots must be distributed to Holders of Claims in Classes 1,
3 and 4 and Holders of Equity Interests in Class 5 entitled to vote
to accept or reject the Amended Plan.

To be counted as votes to accept or reject the Amended Plan, all
Ballots must be properly executed and delivered so as to be
actually received no later than 4:00 p.m. (Eastern Standard Time)
on September 3, 2020.

Solely for purposes of voting to accept or reject the Amended Plan,
and not for the purpose of the allowance of, or distribution on
account of, a Claim or Equity Interest, and without prejudice to
the rights of the Debtor in any other context, the Proponents
propose that (a) each Claim within Classes 1, 3 and 4 shall be
counted in accordance with the “Creditor Tabulation Rules”.

Each Equity Interest within Class 5 shall be counted in accordance
with the “Equity Tabulation Rules,” and "Creditor Tabulation
Rules".

The Confirmation Hearing is scheduled for September 10, 2020, at
11:30 a.m. (Eastern Standard Time), Courtroom 860 of the Alfonse M.
D’Amato Federal Courthouse, 290 Federal Plaza, Central Islip, and
will be conducted by teleconference using Court Solutions
(courtsolutions.com).

Objections, if any, to confirmation of the Amended Plan must be
filed and served so as to be actually received on or before
September 3, 2020 at 4:00 p.m. (Eastern Standard Time).

Replies, if any, to a timely filed objection to confirmation of the
Amended Plan must be filed and served, by September 8, 2020 at
12:00 p.m.

                 About BioRestorative Therapies

BioRestorative Therapies, Inc. -- http://www.biorestorative.com/--
is a life science company focused on stem cell-based therapies. It
develops therapeutic products and medical therapies using cell and
tissue protocols, primarily involving adult stem cells.

BioRestorative Therapies sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 20-71757) on March 20,
2020.  At the time of the filing, Debtor had estimated assets of
between $50 million and $100 million and liabilities of between $10
million and $50 million. Debtor is represented by Certilman Balin
Adler & Hyman, LLP.


CALIFORNIA PIZZA: Hires Alvarez & Marsal as Financial Advisor
-------------------------------------------------------------
California Pizza Kitchen, Inc. and its debtor affiliates seek
authority from the United States Bankruptcy Court for the Southern
District of Texas to hire Alvarez & Marsal North America, LLC as
their financial advisor.

The services Alvarez & Marsal will render are:

     (a) assist the Debtors in the preparation of financial related
disclosures required by the Court, including the Debtors' Schedules
of Assets and Liabilities, Statements of Financial Affairs and
Monthly Operating Reports;

     (b) assist the Debtors with information and analyses required
pursuant to the Debtors' debtor-in-possession (DIP) financing;

     (c) assist with the identification and implementation of
short-term cash management procedures;

     (d) assist in connection with the development and
implementation of key employee compensation and other critical
employee benefit programs;

     (e) assist with the identification of executory contracts and
leases and performance of cost/benefit evaluations with respect to
the affirmation or rejection of each;

     (f) assist the Debtors' management team and counsel focused on
the coordination of resources related to the ongoing reorganization
effort;

     (g) assist in the preparation of financial information for
distribution to creditors and others, including, but not limited
to, cash flow projections and budgets, cash receipts and
disbursement analysis, analysis of various asset and liability
accounts, and analysis of proposed transactions for which Court
approval is sought;

     (h) attend meetings and assistance in discussions with
potential investors, banks, and other secured lenders, any official
committee(s) appointed in these chapter 11 cases, the United States
Trustee, other parties in
interest and professionals hired by same, as requested;

     (i) analyse creditor claims by type, entity, and individual
claim, including assistance with development of databases, as
necessary, to track such claims;

     (j) assist in the preparation of information and analysis
necessary for the confirmation of a plan of reorganization in these
chapter 11 cases, including information contained in the disclosure
statement;

     (k) assist in the evaluation and analysis of avoidance
actions, including fraudulent conveyances and preferential
transfers;

     (l) assist in the analysis / preparation of information
necessary to assess the tax attributes related to the confirmation
of a plan of reorganization in these Chapter 11 Cases, including
the development of the related tax consequences contained in the
disclosure statement;

     (m) provide litigation advisory services with respect to
accounting and tax matters, along with expert witness testimony on
case related issues as required by the Debtors; and

     (n) render such other general business consulting or such
other assistance as Debtors' management or counsel may deem
necessary consistent with the role of a financial advisor to the
extent that it would not be duplicative of services provided by
other professionals in this proceeding.

The firm's customary hourly billing rates are as follows:

     Corporate Restructuring

     Managing Director $900-1,150
     Director $700-875
     Associate/Analyst $400-675

     Case Management

     Managing Director $850-1,000
     Director $675-825
     Associate/Analyst $400-625

Alvarez & Marsal received $350,000 as a retainer.

Jonathan Tibus, a managing director at Alvarez & Marsal, disclosed
in court filings that the firm is a "disinterested person" within
the meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Jonathan Tibus
     Alvarez & Marsal North America, LLC
     Monarch Tower
     3424 Peachtree Road NE, Suite 1500
     Atlanta, GA 30326
     Tel: +1 404 260 4040
     Fax: +1 404 260 4090

                     California Pizza Kitchen

California Pizza Kitchen, Inc., is a casual dining restaurant chain
that specializes in California-style pizza.  Since its opening in
Beverly Hills in 1985, California Pizza Kitchen has grown from a
single location to more than 200 restaurants worldwide.  Although
California Pizza Kitchen's dine-in restaurants are the primary way
it serves its customers, the restaurant chain also has a number of
"off-premises" services and licensing agreements that allow
customers to get their favorite dishes on the go.  For more
information, visit http://www.cpk.com/    

California Pizza Kitchen and its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 20-33752) on July 29,
2020.  In the petitions signed by CEO James Hyatt, Debtors were
estimated to have assets in the range of $100 million to $500
million and $500 million to $1 billion in debt.

Judge Marvin Isgur oversees the cases.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as bankruptcy counsel, Jackson Walker LLP as
local counsel, Guggenheim Securities, LLC as financial advisor and
investment banker, Alvarez & Marsal North America, LLC as
restructuring advisor, and Hilco Real Estate LLC as real estate
consultant and advisor.  Prime Clerk --
https://cases.primeclerk.com/CPK -- is the claims agent.



CALIFORNIA PIZZA: Hires Guggenheim Securities as Investment Banker
------------------------------------------------------------------
California Pizza Kitchen, Inc. and its debtor affiliates seek
authority from the United States Bankruptcy Court for the Southern
District of Texas to hire Guggenheim Securities, LLC as their
investment banker.

The firm's services will include:

     a. review and analysis of the business, financial condition
and prospects of the Debtors;

     b. evaluate the liabilities of the Debtors, its debt capacity
and its strategic and financial alternatives;

     c. In connection with any Transaction:

        i. evaluate from a financial and capital markets point of
view of alternative structures and strategies for implementing the
Transaction;  

       ii. prepare offering, marketing or other transaction
materials concerning the Debtors and the Transaction for
distribution and presentation to the relevant Transaction
Counterparties;

      iii. develop and implement a marketing plan with respect to
such Transaction;

       iv. identify and solicit of, and the review of proposals
received from, the relevant prospective Transaction Counterparties;
and

        v. negotiate the Transaction;

     d. If the Debtors determines to pursue or effect a Transaction
in connection with a Bankruptcy Case:

        i. provide financial advice and assistance to the Debtors
in developing and seeking approval of the Transaction, including a
Plan, which may be a plan under chapter 11 of the Bankruptcy Code
confirmed in connection with any Bankruptcy Case in Bankruptcy
Court; and

       ii. participate in hearings before any applicable Insolvency
Authority with respect to the matters upon which Guggenheim
Securities has provided advice, including, as relevant,
coordinating with the Debtors's legal counsel with respect to
testimony in connection therewith.

The firm will be compensated as follows:

     a. Monthly Fees.

        i. The Debtors will pay Guggenheim Securities a
non-refundable Monthly Fee of $150,000 per month, which will be due
and paid by the Debtors in advance on the first day of each month
during the period of Guggenheim Securities' engagement under the
Engagement Letter, in each case, whether or not any Transaction is
consummated.

       ii. Commencing with the sixth Monthly Fee actually paid
under the Engagement Letter, an amount equal to 50 percent of the
Monthly Fees actually paid to Guggenheim Securities shall be
credited against any Transaction Fee that thereafter becomes
payable pursuant to Sections 4(b), 4(c) or 4(d) of the Engagement
Letter (it being understood that, once credited against any one of
the foregoing fees, any such amount of the Monthly Fee so credited
cannot be credited again against any other fee payable under the
Engagement Letter).

     b. Restructuring Transaction Fee.

        i. If any Restructuring Transaction is consummated, the
Debtors will pay Guggenheim Securities a Restructuring Transaction
Fee in an amount equal to $5,250,000, unless such Restructuring
Transaction is effected following the commencement of a Bankruptcy
Case, in which case the Restructuring Transaction Fee shall equal
$3,500,000.

       ii. Any such Restructuring Transaction Fee will be payable
promptly upon the consummation of any Restructuring Transaction;
provided, however, that (x) in connection with any Restructuring
Transaction that is contemplated to be consummated in connection
with a pre-packaged, prearranged or similar Plan in a Bankruptcy
Case, the Restructuring Transaction Fee will be deemed fully earned
by Guggenheim Securities prior to the commencement of the
Bankruptcy Case, it being understood that (1) in connection with a
pre-packaged or similar Plan, 100 percent of the Restructuring
Transaction Fee and (2) in connection with a pre-arranged or
similar Plan, only 50 percent of the Restructuring Transaction Fee
will, in the case of each of the foregoing clauses (1) and (2), be
paid by the Debtors to Guggenheim Securities prior to the
commencement of such Bankruptcy Case (with the balance thereof, in
connection with a pre-arranged or similar Plan, to be paid by the
Debtors promptly upon the consummation of a Restructuring
Transaction); provided that, in the event that any portion of the
Restructuring Transaction Fee is paid in connection with such a
prepackaged, pre-arranged or similar Plan in a Bankruptcy Case but
a Restructuring Transaction is not thereafter consummated, then
such fee previously paid shall be credited against any subsequent
Transaction Fee that becomes payable under the Engagement Letter by
the Debtors to Guggenheim Securities or, if not able to be so
credited, shall be returned to the Debtors, and (y) the
Restructuring Transaction Fee in connection with any Restructuring
Transaction that is contemplated to be effectuated pursuant to
Section 3(a)(9) of the Securities Act of 1933, as amended (the
"Securities Act"), will be fully earned and payable on the date
that definitive offer documents for the related exchange offer
under Section 3(a)(9) of the Securities Act are first distributed
to creditors whose claims would be affected thereby, without regard
to the results of such exchange offer or any other contingency. For
the avoidance of doubt, the fee payable under clause (y) above will
be the only Restructuring Transaction Fee payable under the
Engagement Letter with respect to any Restructuring Transaction
effectuated pursuant to Section 3(a)(9) of the Securities Act.

     c. Financing Fee(s).

        i. If any Financing Transaction is consummated, then, in
each case, the Debtors will pay Guggenheim Securities one or more
Financing Fees in an amount equal to the sum of:

           A. 125 basis points (1.25 percent) of the aggregate face
amount of any debt obligations to be issued or raised by the
Debtors in any Debt Financing (including the face amount of any
related commitments) that is secured by first priority liens over
any portion of the Debtors's assets, plus

           B. 250 basis points (2.50 percent) of the aggregate face
amount of any debt obligations to be issued or raised by the
Debtors in any Debt Financing (including the face amount of any
related commitments) that is not covered by Section 4(c)(i)(A) of
the Engagement Letter, plus

           C. 400 basis points (4 percent) of the aggregate amount
of gross proceeds raised by the Debtors in any Equity Financing,
plus

           D. with respect to any other securities or indebtedness
issued that is not otherwise covered by Sections 4(c)(i)(A) to
4(c)(i)(C) of the Engagement Letter, such financing fees,
underwriting discounts, placement fees or other compensation as
customary under the circumstances and mutually agreed in advance by
the Debtors and Guggenheim Securities.

       ii. Financing Fees for any Financing Transaction will be
payable upon the consummation of the related Financing Transaction;
provided, however, that with respect to any Financing Transaction
that is contemplated to be consummated in connection with a
pre-packaged, pre-arranged or similar Plan relating to a Bankruptcy
Case, the Financing Fee will in any event be fully earned and paid
by the Debtors prior to the commencement of such applicable
Bankruptcy Case.

      d. Sale Transaction Fee(s).

         i. If any Sale Transaction is consummated, then, in each
case, the Debtors will pay Guggenheim Securities a Sale Transaction
Fee  on account of such Sale Transaction in an amount equal to the
sum of: (x) with respect to the first $400,000,000 of cumulative
Aggregate Sale Consideration involved in all Sale Transactions
since the effective date of the Engagement Letter, 1.45 percent of
said category of Aggregate Sale Consideration involved in such Sale
Transaction, plus (y) with respect to any additional amount of
Aggregate Sale Consideration involved in all Sale Transactions
since the effective date of the Engagement Letter, 1.85 percent of
said category of Aggregate Sale Consideration involved in such Sale
Transaction.

       ii. Any such Sale Transaction Fee will be payable promptly
upon the consummation of any Sale Transaction; provided, however,
that (x) in connection with any Restructuring Transaction that is
contemplated to be consummated in connection with a pre-packaged,
prearranged or similar Plan in a Bankruptcy Case, the Sale
Transaction Fee will be deemed fully earned by Guggenheim
Securities prior to the commencement of the Bankruptcy Case, it
being understood that (1) in connection with a prepackaged or
similar Plan, 100 percent of the Sale Transaction Fee and (2) in
connection with a pre-arranged or similar Plan, only 50 percent of
the Sale Transaction Fee will, in the case of each of the foregoing
clauses (1) and  (2), be paid by the Debtors to Guggenheim
Securities prior to the commencement of such Bankruptcy Case (with
the balance thereof, in connection with a pre-arranged or similar
Plan, to be paid by the Debtors promptly upon the consummation of a
Sale Transaction); provided that, in the event that any portion of
the Sale Transaction Fee is paid in connection with such a
pre-packaged, pre-arranged or similar Plan in a Bankruptcy Case but
a Sale Transaction is not thereafter consummated, then such fee
previously paid shall be credited against any subsequent
Transaction Fee that becomes payable under the Engagement Letter by
the Debtors to
Guggenheim Securities or, if not able to be so credited, shall be
returned to the Debtors.

Stuart Erickson, a senior managing director at Guggenheim
Securities, disclosed in court filings that the firm is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Stuart Erickson
     Guggenheim Securities LLC
     330 Madison Avenue
     New York, NY 10017
     Telephone: (212) 739-0700

                     California Pizza Kitchen

California Pizza Kitchen, Inc., is a casual dining restaurant chain
that specializes in California-style pizza.  Since its opening in
Beverly Hills in 1985, California Pizza Kitchen has grown from a
single location to more than 200 restaurants worldwide.  Although
California Pizza Kitchen's dine-in restaurants are the primary way
it serves its customers, the restaurant chain also has a number of
"off-premises" services and licensing agreements that allow
customers to get their favorite dishes on the go.  For more
information, visit http://www.cpk.com/    

California Pizza Kitchen and its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 20-33752) on July 29,
2020.  In the petitions signed by CEO James Hyatt, Debtors were
estimated to have assets in the range of $100 million to $500
million and $500 million to $1 billion in debt.

Judge Marvin Isgur oversees the cases.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as bankruptcy counsel, Jackson Walker LLP as
local counsel, Guggenheim Securities, LLC as financial advisor and
investment banker, Alvarez & Marsal North America, LLC as
restructuring advisor, and Hilco Real Estate LLC as real estate
consultant and advisor.  Prime Clerk --
https://cases.primeclerk.com/CPK -- is the claims agent.


CALIFORNIA PIZZA: Seeks to Hire Hilco Real Estate as Consultant
---------------------------------------------------------------
California Pizza Kitchen, Inc. and its debtor affiliates seek
authority from the United States Bankruptcy Court for the Southern
District of Texas to hire Hilco Real Estate, LLC as their real
estate consultants and advisors.

Services Hilco will render are:

     a. meet with the Debtors to ascertain the Debtors' goals,
objectives and financial parameters;

     b. mutually agree with the Debtors with respect to a strategic
plan for restructuring, assigning, subleasing or terminating the
Leases;

     c. negotiate, on the Debtors' behalf, the terms of
restructuring, assignment, sublease and termination agreements with
third parties and the landlords under the Leases, in accordance
with the Strategy;

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

     e. assist the Debtors in closing the pertinent Lease
restructuring, assignment, subleasing and termination agreements.

Hilco will be compensated as follows:

     a. Restructuring. For each Lease that becomes a Restructured
Lease, Hilco shall earn a fee equal to a base fee of $1,500 plus
the aggregate Restructured Lease Savings multiplied by five and
three-quarters percent (5.75 percent).

      b. Termination. For each Lease that becomes a Term Shortened
Lease, Hilco shall earn a fee equal to two (2) months of gross rent
under such Term Shortened Lease. To the extent a Lease is both a
Restructured Lease and a Term Shortened Lease, any lease savings
attributable to the shortening of a Restructured Lease term shall
be excluded from the calculation of the applicable Restructured
Lease Savings Fee, and Hilco shall only be entitled to receive the
applicable Term Shortened Lease Fee on account of such Restructured
Lease.

      c. Initial Fee. The Company shall pay Hilco an initial fee of
$80,000 upon execution of this Agreement (the "Initial Fee"). The
Initial Fee shall be earned in full upon execution of this
Agreement and shall be non-refundable: provided, however, Hilco
shall offset the Initial Fee against earned Restructured Lease
Savings Fees and Term Shortening Fees at a rate of $.20 on the
dollar; provided, further, however, in no event shall Hilco have
any obligation to refund any portion of the Initial Fee.

     d. Expenses. Pursuant to the Engagement Agreement, the Debtors
are responsible for reimbursing Hilco for all reasonable,
documented (through receipts or invoices) out-of-pocket expenses
incurred by Hilco in connection with its performance of its
services under the Engagement Agreement.

Hilco is a "disinterested person" as that term is defined in
section 101(14) of the Bankruptcy Code, according to court
filings.

Hilco can be reached through:

     Sarah Baker
     Hilco Real Estate, LLC
     5 Revere Drive, Suite 206
     Northbrook, IL 60062
     Tel. (847) 504-2462
     Email: sbaker@hilcoglobal.com

                     California Pizza Kitchen

California Pizza Kitchen, Inc., is a casual dining restaurant chain
that specializes in California-style pizza.  Since its opening in
Beverly Hills in 1985, California Pizza Kitchen has grown from a
single location to more than 200 restaurants worldwide.  Although
California Pizza Kitchen's dine-in restaurants are the primary way
it serves its customers, the restaurant chain also has a number of
"off-premises" services and licensing agreements that allow
customers to get their favorite dishes on the go.  For more
information, visit http://www.cpk.com/    

California Pizza Kitchen and its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 20-33752) on July 29,
2020.  In the petitions signed by CEO James Hyatt, Debtors were
estimated to have assets in the range of $100 million to $500
million and $500 million to $1 billion in debt.

Judge Marvin Isgur oversees the cases.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as bankruptcy counsel, Jackson Walker LLP as
local counsel, Guggenheim Securities, LLC as financial advisor and
investment banker, Alvarez & Marsal North America, LLC as
restructuring advisor, and Hilco Real Estate LLC as real estate
consultant and advisor.  Prime Clerk --
https://cases.primeclerk.com/CPK -- is the claims agent.



CALIFORNIA PIZZA: Seeks to Hire Jackson Walker as Co-Counsel
------------------------------------------------------------
California Pizza Kitchen, Inc. and its debtor affiliates seek
authority from the United States Bankruptcy Court for the Southern
District of Texas to hire Jackson Walker LLP as co-counsel and
conflicts counsel.

The Debtors require Jackson Walker to:

  -- provide legal advice and services regarding local rules,
practices, and procedures, including Fifth Circuit law;

  -- provide certain services in connection with administration of
the chapter 11 cases, including, without limitation, preparing
agendas, hearing notices, witness and exhibit lists, and hearing
binders of documents and pleadings;

  -- review and comment on proposed drafts of pleadings to be filed
with the Court;

  -- at the request of the Debtors, appear in Court and at any
meeting with the United States Trustee, and any meeting of
creditors at any given time on behalf of the Debtors as their local
and conflicts bankruptcy co-counsel;

  -- perform all other services assigned by the Debtors to the Firm
as local and conflicts bankruptcy co-counsel; and

  -- provide legal advice and services on any matter on which K&E
may have a conflict or as needed based on specialization.

Jackson Walker will be paid at these hourly rates:

     Matthew D. Cavenaugh             $750
     Restructuring attorneys   $445 - $895
     Partners                  $565 - $900
     Associates                $420 - $565
     Paraprofessionals         $175 - $185

Matthew Cavenaugh, Esq., a partner at Jackson Walker, disclosed in
court filings that the firm is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

In response to the request for additional information set forth in
Paragraph D.1 of the U.S. Trustee Fee Guidelines, Mr. Cavenaugh
made the following disclosures:

  -- Jackson Walker and Debtors have not agreed to any variations
from, or alternatives to, the firm's standard billing arrangements
for its engagement.

  -- The hourly rates used by the firm in representing Debtors are
consistent with the rates that it charges other comparable Chapter
11 clients regardless of the location of the cases.

  -- His hourly rate is $750. The rates for other restructuring
attorneys at the firm range from $445 to $895 an hour while the
paraprofessional rates range from $175 to $185 per hour. The firm
represented Debtors during the weeks immediately before the
petition date using those rates.

-- The firm has not prepared a budget and staffing plan.

Jackson Walker can be reached through:
   
     Matthew D. Cavenaugh, Esq.
     Jackson Walker LLP
     1401 McKinney Street, Suite 1900
     Houston, TX 77010
     Telephone: (713) 752-4200
     Facsimile: (713) 752-4221
     Email: mcavenaugh@jw.com

                     California Pizza Kitchen

California Pizza Kitchen, Inc., is a casual dining restaurant chain
that specializes in California-style pizza.  Since its opening in
Beverly Hills in 1985, California Pizza Kitchen has grown from a
single location to more than 200 restaurants worldwide.  Although
California Pizza Kitchen's dine-in restaurants are the primary way
it serves its customers, the restaurant chain also has a number of
"off-premises" services and licensing agreements that allow
customers to get their favorite dishes on the go.  For more
information, visit http://www.cpk.com/    

California Pizza Kitchen and its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 20-33752) on July 29,
2020.  In the petitions signed by CEO James Hyatt, Debtors were
estimated to have assets in the range of $100 million to $500
million and $500 million to $1 billion in debt.

Judge Marvin Isgur oversees the cases.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as bankruptcy counsel, Jackson Walker LLP as
local counsel, Guggenheim Securities, LLC as financial advisor and
investment banker, Alvarez & Marsal North America, LLC as
restructuring advisor, and Hilco Real Estate LLC as real estate
consultant and advisor.  Prime Clerk --
https://cases.primeclerk.com/CPK -- is the claims agent.



CALIFORNIA PIZZA: Seeks to Hire Kirkland & Ellis as Legal Counsel
-----------------------------------------------------------------
California Pizza Kitchen, Inc. and its debtor affiliates seek
authority from the United States Bankruptcy Court for the Southern
District of Texas to hire  Kirkland & Ellis LLP and Kirkland &
Ellis International LLP as their counsel.

Kirkland & Ellis will render these legal services:

     (a) advise Debtors with respect to their powers and duties in
the continued management and operation of their businesses and
properties;

     (b) advise and consult on the conduct of Debtors' Chapter 11
cases;

     (c) attend meetings and negotiate with representatives of
creditors and other parties-in-interest;

     (d) take all necessary actions to protect and preserve
Debtors' estates;

     (e) prepare pleadings;

     (f) represent Debtors in connection with obtaining authority
to continue using cash collateral and post-petition financing;

     (g) advise Debtors in connection with any potential sale of
assets;

     (h) appear before the court and any appellate courts;

     (i) advise Debtors regarding tax matters;

     (j) take any necessary action to negotiate, prepare and obtain
approval of a disclosure statement and confirmation of a Chapter 11
plan and all documents related thereto; and

     (k) perform all other necessary legal services for Debtors in
connection with the prosecution of the cases.

Kirkland's hourly rates are:

     Partners              $1,075-$1,845
     Of Counsel            $625-$1,845
     Associates            $610-$1,165
     Paraprofessionals     $245-$460

On Oct. 17, 2019, the Debtors paid $250,000 to Kirkland, which
constituted an "advance payment retainer".

Joshua A. Sussberg, P.C., a partner at Kirkland & Ellis and
Kirkland & Ellis International, disclosed in court filings that the
firms are "disinterested persons" within the meaning of Section
101(14) of the Bankruptcy Code.

Mr. Sussberg also made the following disclosures in response to
the request for additional information set forth in Paragraph D.1
of the Revised U.S. Trustee Guidelines:

Question: Did Kirkland agree to any variations from, or
alternatives to, Kirkland's standard billing arrangements for this
engagement?

Answer: No. Kirkland and Debtors have not agreed to any variations
from, or alternatives to, Kirkland's standard billing arrangements
for this engagement.

Question: Do any of the Kirkland professionals in this engagement
vary their rate based on the geographic location of Debtors'
chapter 11 cases?

Answer: No.

Question: If Kirkland has represented Debtors in the 12 months
prepetition, disclose Kirkland's billing rates and material
financial terms for the prepetition engagement, including any
adjustments during the 12 months prepetition. If Kirkland's billing
rates and material financial terms have changed post-petition,
explain the difference and the reasons for the difference.

Answer: Kirkland's current hourly rates for services rendered on
behalf of Debtors range as follows:

       Billing Category                   U.S. Range
          Partners                     $1,075 - $1,845
          Of Counsel                     $625 - $1,845
          Associates                     $610 - $1,165
          Paraprofessionals                $245 - $460

Kirkland represented the Debtors from Sep. 6, 2019, through Dec 31,
2019, using the hourly rates listed below:

       Billing Category                   U.S. Range
          Partners                     $1,025 - $1,795
          Of Counsel                     $595 - $1,705
          Associates                     $595 - $1,125
          Paraprofessionals                $235 - $460

Question: Have Debtors approved Kirkland's budget and staffing
plan, and, if so, for what budget period?

Answer: Pursuant to the DIP Order, professionals proposed to be
retained by the Debtors are required to provide regular estimates
of fees and expenses incurred in these chapter 11 cases.

The firms can be reached through:
   
     Joshua A. Sussberg, P.C.
     Kirkland & Ellis LLP
     Kirkland & Ellis International LLP      
     601 Lexington Avenue
     New York, NY 10022
     Telephone: (212) 446-4800
     Facsimile: (212) 446-4900

                     California Pizza Kitchen

California Pizza Kitchen, Inc., is a casual dining restaurant chain
that specializes in California-style pizza.  Since its opening in
Beverly Hills in 1985, California Pizza Kitchen has grown from a
single location to more than 200 restaurants worldwide.  Although
California Pizza Kitchen's dine-in restaurants are the primary way
it serves its customers, the restaurant chain also has a number of
"off-premises" services and licensing agreements that allow
customers to get their favorite dishes on the go.  For more
information, visit http://www.cpk.com/    

California Pizza Kitchen and its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 20-33752) on July 29,
2020.  In the petitions signed by CEO James Hyatt, Debtors were
estimated to have assets in the range of $100 million to $500
million and $500 million to $1 billion in debt.

Judge Marvin Isgur oversees the cases.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as bankruptcy counsel, Jackson Walker LLP as
local counsel, Guggenheim Securities, LLC as financial advisor and
investment banker, Alvarez & Marsal North America, LLC as
restructuring advisor, and Hilco Real Estate LLC as real estate
consultant and advisor.  Prime Clerk --
https://cases.primeclerk.com/CPK -- is the claims agent.



CFO MGMT: Trustee's $17.5M Sale of McKinney Property to CP380 OK'd
------------------------------------------------------------------
Judge Brenda T. Rhoades of the U.S. Bankruptcy Court for the
Eastern District of Texas authorized David Wallace, the Chapter 11
trustee for CFO Management Holdings, LLC, to sell the partially
constructed office development located at 1400 Coit Rd., McKinney,
Texas ("Crescent Parc") to CP380, LLC for $17,475,000, in
accordance with the terms of the Contract.

In the event that closing does not take place with the Buyer under
the terms of that agreement, the Trustee is authorized to proceed
with a sale of Crescent Parc to one or more Back-Up Buyers under
substantially similar4 or more favorable terms as those provided in
the Motion and the Contract.

The sale is free and clear of all liens, claims, and encumbrances
(other than Permitted Encumbrances), with such liens, claims, and
encumbrances automatically attaching to the net proceeds of the
sale.

Any secured ad valorem property taxes owed by the Debtor with
respect to Crescent Parc, including ad valorem taxes attributable
to the 2018 and 2019 tax year, will be paid at closing on the sale.
Any liens securing year 2020 ad valorem property taxes will remain

attached to the real estate until paid.

Upon closing of the sale, the Trustee will place all net proceeds
of the sale of Crescent Parc in an escrow account, subject to any
liens of CPIF Lending, LLC, the M&M Lien Claimants, and any other
claimants with respect to Crescent Parc, attaching to the proceeds.
Such funds will remain in escrow pending further order of the
Court.

CPIF Lending, each M&M Lien Claimant, and any other party asserting
a lien on or other Interest against Crescent Parc, respectively,
will cooperate with the Trustee in providing and/or executing any
releases or other documents, if any, to assist in documenting the
sale of Crescent Parc free-and-clear of its lien(s).  

In accordance with the Trustee's representations, and as confirmed
by Crossland Construction Co., Inc., the Interests of Crossland
asserted in the Affidavit of Mechanic's and Materialmen’s Lien
filed Jan. 13, 2017 and recorded under Clerk's File No.
20170113000060490 of the Official Public Records of Collin County,
Texas, documenting a lien in the principal amount of $2,391,024,
were assigned to North-Forty Development, LLC on July 28, 2017, and
Crossland asserts no Interest against Crescent Parc and the
proceeds of any sale thereof.  

The Trustee acknowledges Crossland has not, by participation in the
Order or otherwise, consented to the jurisdiction of the Court and
Crossland reserves all objections to same.

The terms and conditions of the Order will be immediately effective
and enforceable upon its entry regardless of the applicability of
Bankruptcy Rule 6004(h).

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

                   About CFO Management Holdings

CFO Management Holdings, LLC, 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.


COHERENT INC: S&P Downgrades ICR to 'BB'; Outlook Stable
--------------------------------------------------------
S&P Global Ratings lowered its rating on Coherent Inc. to 'BB' from
'BB+' and its rating on the company's revolving credit facility and
first-lien term loan to 'BB+' from 'BBB-'.

The stable outlook incorporates S&P's view that despite demand
weakness in 2020, Coherent remains a strong competitor in the OLED
market and that the company will grow revenues in 2021, resulting
in gross leverage under 3x and free operating cash flow (FOCF)/debt
above 15%.

Revenue and EBITDA declines from 2019 were further amplified by the
COVID-19 pandemic in fiscal 2020. Coherent's 2019 revenues were
down by about 25% due to slowdown in material processing, slower
adoption of OLED, and the slowdown of the Chinese economy. S&P's
base case assumed 2020 to be a recovery year, but revenues and
profitability have continued to be weaker because of the pandemic.
Coherent's profitability has fallen almost 70% from its peak in
fiscal 2018, because of softer demand, negative operating leverage,
inventory write-downs, and COVID-related costs.

Profitability should improve in 2021, but performance further tied
to OLED. S&P now expects 2021 to be a recovery year, driven by
growth in Coherent's OLED business, where the company continues to
be a leader. Although S&P expects Coherent's fiber laser business
to decline long term, it expects the weakness in fiber lasers to be
offset by growth in Coherent's industrial and scientific laser
business, which should grow in line with GDP. Nonetheless, with the
industrial and scientific laser business representing less than
$200 million in revenues, the company's future performance is
further tied to OLED adoption. Continued risks include price
sensitivity in both the OLED and fiber laser markets, increased
competition and slower-than-expected adoption rate of OLED
screens.

The stable outlook incorporates S&P Global Ratings' view that
despite demand weakness in 2020, Coherent Inc. remains a strong
competitor in the OLED, fiber-lasers and components market, and
that the company will grow revenues in 2021 resulting in gross
leverage falling to under 3x and FOCF/debt above 15%.

"We could lower the rating if operating performance continues to
show weakness in 2021 or the company adopts more aggressive
financial policies, resulting in adjusted gross leverage sustained
above 3x," S&P said.

"We would consider an upgrade if the ongoing demand weakness
subsides, revenue and EBITDA improve, resulting in leverage falling
to under 1.5x and FOCF/debt sustained above 25%," the rating agency
said.


CPI CARD: Appoints Jorg Schneewind to Board of Directors
--------------------------------------------------------
CPI Card Group Inc. reports the addition of Jorg Schneewind to its
Board of Directors, effective Sept. 15, 2020.  The Board also
appointed Schneewind to the Nominating and Corporate Governance
Committee.

"I am pleased to welcome Jorg to our Board as an independent
Director," said Bradley Seaman, chairman of CPI's Board of
Directors.  "Jorg's extensive background in manufacturing will make
him a valuable addition to our Board."

Since 2019, Schneewind has been the president of Appvion, Inc., an
innovative packaging solutions company.  Schneewind previously
served as the president of Bemis Healthcare Packaging Inc. for
three years and as the president and chief executive officer of
Freudenberg Medical LLC for ten years.

"CPI Card Group has established itself as a market leader through
operational excellence, product innovation and steadfast customer
focus," said Schneewind.  "I am excited to contribute to CPI's
continuing success as a member of the Board."

                        About CPI Card

CPI Card Group -- http://www.cpicardgroup.com/-- is a payment
technology company and provider of credit, debit and prepaid
solutions delivered physically, digitally and on-demand.  CPI helps
its customers foster connections and build their brands through
innovative and reliable solutions, including financial payment
cards, personalization and fulfillment, and Software-as-a-Service
(SaaS) instant issuance.  CPI has more than 20 years of experience
in the payments market and is a trusted partner to financial
institutions and payments services providers.  Serving customers
from locations throughout the United States, CPI has a large
network of high security facilities, each of which is registered as
PCI Card compliant by one or more of the payment brands: Visa,
Mastercard, American Express, and Discover.

CPI Card reported a net loss of $4.45 million for the year ended
Dec. 31, 2019, compared to a net loss of $37.46 million for the
year ended Dec. 31, 2018.  As of June 30, 2020, the Company had
$246.50 million in total assets, $396.36 million in total
liabilities, and a total stockholders' deficit of $149.85 million.

                          *     *     *

As reported by the TCR on April 17, 2020, S&P Global Ratings
affirmed its 'CCC+' issuer credit rating on CPI Card Group Inc.
"The affirmation reflects our view that CPI's capital structure
remains unsustainable given its high debt leverage, limited cash
flow generation, and the need to substantially improve its
operating performance to repay its 2022 debt maturities," S&P
said.

In March 2020, Moody's Investors Service affirmed CPI Card Group
Inc.'s Caa1 Corporate Family Rating.  The ratings affirmation on
the CFR, PDR and existing term loan rating reflects Moody's
expectation of volume growth in the company's core secure card
business as the replacement cycle of initially issued EMV card
continues, as well as modest conversion to dual interface cards as
they become a larger part of the overall payment card market.


DAVIDSTEA INC: Creditors Must Submit Claims by Nov. 6
-----------------------------------------------------
DAVIDsTEA Inc., a leading tea merchant in North America, disclosed
that the Quebec Superior Court on Sept. 17, 2020, issued a Claims
Process Order establishing the claims procedures for the Company's
creditors under the Companies' Creditors Arrangement Act ("CCAA").
The Order, among other things, sets 5:00 p.m. (eastern time) on
November 6, 2020 as the time by which creditors of DAVIDsTEA and of
DAVIDsTEA (USA) Inc., its wholly-owned U.S. subsidiary, must submit
their claims to PwC, the Court-appointment Monitor. The Court also
extended the stay of all proceedings against the Company currently
in effect to December 15, 2020.

The Court Order and related documents will be available at
www.pwc.com/ca/davidstea.

The Company will continue to provide updates throughout the CCAA
restructuring process as events warrant.

                          About DAVIDsTEA

DAVIDsTEA (Nasdaq:DTEA) is a leading branded retailer and growing
mass wholesaler of specialty tea, offering a differentiated
selection of proprietary loose-leaf teas, pre-packaged teas, tea
sachets and tea-related gifts and accessories on our e-commerce
platform at http://www.davidstea.com/and through 18 Company-owned
and operated retail stores in Canada.  A selection of DAVIDsTEA
products is also available in more than 2,500 grocery stores and
pharmacies across Canada.  The Company is headquartered in
Montreal, Canada.


DENBURY RESOURCES: Hires Alvarez & Marsal as Financial Advisor
--------------------------------------------------------------
Denbury Resources Inc. and its debtor-affiliates seek authority
from the US Bankruptcy Court for the Southern District of Texas to
hire Alvarez & Marsal North America, LLC, as their financial
advisors.

The services to be provided by the firm are as follows:

     (a) assist in the assessment and monitoring of Debtors' cash
flow budgets, liquidity and operating results;

     (b) assist in the review of court disclosures, including the
schedules of assets and liabilities, the statements of financial
affairs, monthly operating reports, and periodic reports;

     (c) assist in the review of Debtors' cost/benefit evaluations
with respect to the assumption or rejection of executory contracts
and unexpired leases;

     (d) assist in the analysis of Debtors' assets and liabilities
and any proposed transactions for which court approval is sought;

     (e) assist in the review of Debtors' proposed key employee
retention plan and key employee incentive plan;

     (f) attend meetings with Debtors, unsecured creditors'
committee, the U.S. trustee and other "parties in interest" in
Debtors' Chapter 11 cases

     (g) assist in the review of tax issues;

     (h) assist in the investigation and pursuit of causes of
actions;

     (i) assist in the review of claims reconciliation and
estimation process;

     (j) assist in the review of Debtors' business plan;

     (k) assist in the review of sales or dispositions of Debtors'
assets, including allocation of sale proceeds;

     (l) assist in the valuation of Debtors' enterprise and equity,
and the analysis of debt capacity;

     (m) assist in the review or preparation of information and
analysis necessary for the confirmation of a bankruptcy plan;

     (n) participate in hearings before the court; and

     (o) render other general business consulting services.

Alvarez & Marsal's hourly rates are as follows:

      Restructuring

      Managing Director    $900-1,150
      Director             $700-875
      Analyst/Associate    $400-675

     Case Management

     Managing Director     $850-1,000
     Director              $675-825
     Analyst/Consultant    $400-625

The firm will be reimbursed for work-related expenses incurred.

Alvarez & Marsal does not represent any other entity having an
adverse interest in connection with Debtors' Chapter 11 cases
pursuant to Bankruptcy Code Section 1103(b).

The firm can be reached through:

     Matt Kvarda
     Alvarez & Marsal North America, LLC
     2029 Century Park East, Suite 2060
     Los Angeles, CA 90067
     Tel: +1 310 975 2600
     Fax: +1 310 975 2601

                    About Denbury Resources

Headquartered in Plano, Texas, Denbury Resources Inc. --
http://www.denbury.com/--is an independent oil and natural gas
company with onshore production and development activities in the
Gulf Coast and Rocky Mountains regions.  The Company's goal is to
increase the value of its properties through a combination of
exploitation, drilling and proven engineering extraction practices,
with the most significant emphasis relating to carbon dioxide
enhanced oil recovery (CO2 EOR) operations.

Denbury filed a Chapter 11 petition (Bankr. S.D. Tex. Case No.
20-33801) on July 30, 2020.  The Hon. David R. Jones oversees the
case.

At the time of filing, the Debtors have $4,607,091,000 Total Assets
as of March 31, 2020 and $3,117,646,000 Total Debts as of March 31,
2020.

The Debtors tapped KIRKLAND & ELLIS LLP as general bankruptcy
counsel; JACKSON WALKER L.L.P. as local bankruptcy counsel;
EVERCORE GROUP L.L.C. as financial advisor; and ALVAREZ & MARSAL
NORTH AMERICA, LLC as restructuring advisor.  EPIQ CORPORATE
RESTRUCTURING, LLC, is the claims agent.


DENBURY RESOURCES: Hires Evercore Group as Investment Banker
------------------------------------------------------------
Denbury Resources Inc. and its debtor-affiliates seek authority
from the US Bankruptcy Court for the Southern District of Texas to
hire Evercore Group L.L.C. as their investment banker.   

Denbury Resources requires Evercore Group to:

   a. review and analyze the Debtors' business, operations, and
financial projections;

   b. advise and assist in a Restructuring and/or a Sale
transaction, if the Debtors determine to undertake such a
transaction;

   c. provide financial advice in developing and implementing a
Restructuring, which would include:

      i. assist in developing a restructuring plan or plan of
reorganization, including a plan of reorganization pursuant to the
Bankruptcy Code;

      ii. advise on tactics and strategies for negotiating with
various stakeholders regarding the Plan;

      iii. provide testimony, as necessary, with respect to matters
on which Evercore has been engaged to advise the Debtors in any
proceedings under the Bankruptcy Code that are pending before the
Court; and

      iv. provide the other financial restructuring advice as
Evercore and the Debtors may deem appropriate;

   d. if the Debtors pursue a a Financing, assist the Debtors in:

        i. if Evercore does not serve as the placement agent or
underwriter or serve in a similar function on such Financing:

           (1) assist in preparing marketing materials for such
Financing;

           (2) identify potential placement agents or underwriters
and assist in negotiating the terms of the placement agents' and/or
underwriters' engagements;

           (3) evaluate the terms of a Financing;

           (4) assist the Debtors and the appointed placement
agent(s) or underwriter(s) in negotiating and executing a
Financing; and

           (5) provide the Debtors with other financial advice as
the Parties may deem appropriate.

       ii. In addition to the above, if Evercore serves as the
placement agent or underwriter or serves in a similar function on
such Financing:

           (1) structure and effect a Financing;

           (2) identify potential Investors and, at the Debtors'
request, contacting such Investors; and

           (3) work with the Debtors in negotiating with potential
Investors.

Evercore's compensations are as follows:


      a. A monthly fee of $200,000 (a Monthly Fee), payable on
execution of the Engagement Letter, and on the 26th day of each
month commencing April 26, 2020 until the earlier of the
consummation of a Restructuring Transaction or the termination of
Evercore's engagement. $100,000 per month of the first six payments
of the Monthly Fee actually paid under the Engagement Letter shall
be credited (without duplication) against any Restructuring Fee
and/or Financing Fee payable; provided, that, any such credit of
fees contemplated by this sentence shall only apply to the extent
that all such Monthly Fees, Restructuring Fee and/or Financing
Fee(s) are approved in their entirety by the Court pursuant to a
final order not subject to appeal and which order is acceptable to
Evercore.

     b. A fee (a Restructuring Fee), payable upon the consummation
of any Restructuring of $10,500,000.

     c. A fee (a Financing Fee), payable upon the earlier of the
consummation of any Financing or execution of a commitment letter
or other similar document in respect of such Financing, and
incremental to any Restructuring Fee equal to the applicable
percentage(s), as set forth in the table below:

     If a debt Financing led by       1.25 percent of the total
principal (including
     Evercore, or any                 unfunded capital commitments)
of any new
     DIP financing                    debt Financing
                                     
                                            or

                                      0.625 percent of the total
principal (including
                                      unfunded capital commitments)
of any new
                                      debt Financing provided by
lenders under
                                      the Debtors' revolver or
holders of the
                                      Debtors' secured or unsecured
notes
                                      existing as of the date
hereof;
                                      provided, however, that any
DIP facility
                                      that converts into an exit
facility shall be
                                      deemed one Financing
transaction.
  
     If an equity or equity-linked    2.625 percent of gross
proceeds  
     Financing led by Evercore
     (including preferred equity,
     warrants, options or any other
     equity linked security)
                                             

     d. In addition to any fees that may be payable to Evercore
and, regardless of whether any transaction occurs, the Debtors
shall promptly reimburse to Evercore upon receipt of an invoice
therefor on a monthly basis, and upon termination of the Engagement
Letter, (i) all reasonable and documented out-of-pocket expenses
(including travel and lodging, data processing and communications
charges, courier services and other appropriate expenditures) and
(ii) other documented reasonable out-of-pocket fees and expenses,
including expenses of counsel, if any; provided that, except with
respect to expenses of counsel, Evercore shall obtain advance
approval (not to be unreasonably withheld or delayed) for any such
amounts reasonably expected to exceed $75,000; provided, further,
that this sentence shall in no way affect or limit the obligations
of the Debtors as set forth on Schedule I attached to the
Engagement Letter.

     e. If the Debtors request, and Evercore provides, services to
the Debtors for which a fee is not provided in the Engagement
Letter (including, but not limited to, a financing or sale of the
Debtors' assets), such services shall, except insofar as they are
the subject of a separate agreement, be treated as falling within
the scope of the Engagement Letter, and the Parties will agree upon
a fee for such services based upon good faith negotiations, subject
to Court order.

     f. If a Restructuring is to be completed, in whole or in part,
through a prearranged Plan (i) 50 percent of the fees pursuant to
subparagraphs 2(b) and 2(c) of the Engagement Letter, as
applicable, shall be earned and shall be payable upon obtaining
support (e.g., via a term sheet, restructuring support agreement or
other agreement in principle documenting they key terms of such
prearranged Plan) from one or more of the Debtors' key creditor
classes that is sufficient to justify filing such pre-arranged Plan
and (ii) the remainder of such fees shall be earned and shall be
payable upon consummation of such Plan; provided, further, that in
the event that Evercore is paid a fee in connection with a
pre-arranged Plan, and such Plan is not thereafter consummated,
then such fee previously paid to Evercore may be credited by the
Debtors against any subsequent fee under the Engagement Letter that
becomes payable by the Debtors to Evercore.

Evercore is a "disinterested person" within the meaning of section
101(14) of the Bankruptcy Code, as required by section 327(a) of
the Bankruptcy Code, and does not hold or represent an interest
materially adverse to the Debtors' estates; and has no connection
to the Debtors, their creditors or other parties in interest in
these chapter 11 cases, according to court filings.

Evercore can be reached through:

         Stephen Goldstein
         Evercore Group, LLC
         55 East 52nd Street
         New York, NY 10055
         Tel: +1 212-857-3100

                    About Denbury Resources

Headquartered in Plano, Texas, Denbury Resources Inc. --
http://www.denbury.com/--is an independent oil and natural gas
company with onshore production and development activities in the
Gulf Coast and Rocky Mountains regions.  The Company's goal is to
increase the value of its properties through a combination of
exploitation, drilling and proven engineering extraction practices,
with the most significant emphasis relating to carbon dioxide
enhanced oil recovery (CO2 EOR) operations.

Denbury filed a Chapter 11 petition (Bankr. S.D. Tex. Case No.
20-33801) on July 30, 2020.  The Hon. David R. Jones oversees the
case.

At the time of filing, the Debtors have $4,607,091,000 Total Assets
as of March 31, 2020 and $3,117,646,000 Total Debts as of March 31,
2020.

The Debtors tapped KIRKLAND & ELLIS LLP as general bankruptcy
counsel; JACKSON WALKER L.L.P. as local bankruptcy counsel;
EVERCORE GROUP L.L.C. as financial advisor; and ALVAREZ & MARSAL
NORTH AMERICA, LLC as restructuring advisor.  EPIQ CORPORATE
RESTRUCTURING, LLC, is the claims agent.


DENBURY RESOURCES: Hires Jackson Walker as Co-Counsel
-----------------------------------------------------
Denbury Resources Inc. and its debtor-affiliates seek authority
from the US Bankruptcy Court for the Southern District of Texas to
hire Jackson Walker LLP as their co-counsel and conflicts counsel.

Denbury Resources requires Jackson Walker to:

  -- provide legal advice and services regarding local rules,
practices, and procedures, including Fifth Circuit law;

  -- provide certain services in connection with administration of
the chapter 11 cases, including, without limitation, preparing
agendas, hearing notices, witness and exhibit lists, and hearing
binders of documents and pleadings;

  -- review and comment on proposed drafts of pleadings to be filed
with the Court;

  -- at the request of the Debtors, appear in Court and at any
meeting with the United States Trustee, and any meeting of
creditors at any given time on behalf of the Debtors as their local
and conflicts bankruptcy co-counsel;

  -- perform all other services assigned by the Debtors to the Firm
as local and conflicts bankruptcy co-counsel; and

  -- provide legal advice and services on any matter on which K&E
may have a conflict or as needed based on specialization.

The firm's hourly rates are:

     Partners $575-900
     Associates $420-565
     Paraprofessionals $175-185

Matthew D. Cavenaugh's hourly rate is $750.

Matthew Cavenaugh, Esq., a partner at Jackson Walker, disclosed in
court filings that the firm is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

In accordance with Appendix B-Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, the
following is provided in response to the request for additional
information:

   Question:  Did you agree to any variations from, or alternatives
to, your standard or customary billing arrangements for this
engagement?

   Response:  No.

   Question:  Do any of the professionals included in this
engagement vary their rate based on the geographic location of the
bankruptcy case?

   Response:  No.

   Question:  If you represented the client in the 12 months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the 12 months prepetition. If your billing rates and
material financial terms have changed postpetition, explain the
difference and the reasons for the difference.

   Response:  Mr. Cavenaugh's hourly rate is $750. The rates for
other restructuring attorneys at the firm range from $445 to $895
an hour while the paraprofessional rates range from $175 to $185
per hour. The firm represented Debtors during the weeks immediately
before the petition date using those rates.

   Question:  Has your client approved your prospective budget and
staffing plan, and, if so for what budget period?

   Response:  The Firm has not prepared a budget and staffing
plan.

Jackson Walker can be reached through:
   
     Matthew D. Cavenaugh, Esq.
     Jackson Walker LLP
     1401 McKinney Street, Suite 1900
     Houston, TX 77010
     Telephone: (713) 752-4200
     Facsimile: (713) 752-4221
     Email: mcavenaugh@jw.com

                    About Denbury Resources

Headquartered in Plano, Texas, Denbury Resources Inc. --
http://www.denbury.com/--is an independent oil and natural gas
company with onshore production and development activities in the
Gulf Coast and Rocky Mountains regions.  The Company's goal is to
increase the value of its properties through a combination of
exploitation, drilling and proven engineering extraction practices,
with the most significant emphasis relating to carbon dioxide
enhanced oil recovery (CO2 EOR) operations.

Denbury filed a Chapter 11 petition (Bankr. S.D. Tex. Case No.
20-33801) on July 30, 2020.  The Hon. David R. Jones oversees the
case.

At the time of filing, the Debtors have $4,607,091,000 Total Assets
as of March 31, 2020 and $3,117,646,000 Total Debts as of March 31,
2020.

The Debtors tapped KIRKLAND & ELLIS LLP as general bankruptcy
counsel; JACKSON WALKER L.L.P. as local bankruptcy counsel;
EVERCORE GROUP L.L.C. as financial advisor; and ALVAREZ & MARSAL
NORTH AMERICA, LLC as restructuring advisor.  EPIQ CORPORATE
RESTRUCTURING, LLC, is the claims agent.


DENBURY RESOURCES: Seeks to Hire Kirkland & Ellis as Counsel
------------------------------------------------------------
Denbury Resources Inc. and its debtor-affiliates seek authority
from the US Bankruptcy Court for the Southern District of Texas to
hire Kirkland & Ellis LLP and Kirkland & Ellis International LLP as
their legal counsel.

The Debtors require Kirkland & Ellis to:

     a. advise the Debtors with respect to their powers and duties
as debtors in possession in the continued management and operation
of their businesses and properties;

     b. advise and consult on the conduct of these chapter 11
cases, including all of the legal and administrative requirements
of operating in chapter 11;

     c. attend meetings and negotiating with representatives of
creditors and other parties in interest;

     d. take all necessary actions to protect and preserve the
Debtors' estates, including prosecuting actions on the Debtors'
behalf, defending any action commenced against the Debtors, and
representing the Debtors in negotiations concerning litigation in
which the Debtors are involved, including objections to claims
filed against the Debtors' estates;

     e. prepare pleadings in connection with these chapter 11
cases, including motions, applications, answers, orders, reports,
and papers necessary or otherwise beneficial to the administration
of the Debtors' estates;

     f. represent the Debtors in connection with obtaining
authority to continue using cash collateral and postpetition
financing;

     g. advise the Debtors in connection with any potential sale of
assets;

     h. appear before the Court and any appellate courts to
represent the interests of the Debtors' estates;

     i. advise the Debtors regarding tax matters;

     j. take any necessary action on behalf of the Debtors to
negotiate, prepare, and obtain approval of a disclosure statement
and confirmation of a chapter 11 plan and all documents related
thereto; and

     k. perform all other necessary legal services for the Debtors
in connection with the prosecution of these chapter 11 cases,
including: (i) analyzing the Debtors' leases and contracts and the
assumption and assignment or rejection thereof; (ii) analyzing the
validity of liens against the Debtors; and (iii) advising the
Debtors on corporate and litigation matters.

Kirkland's hourly rates for matters related to the cases are as
follows:

     Partners               $1,075 - $1,845
     Of Counsel               $625 - $1,845
     Associates               $610 - $1,165
     Paraprofessionals        $245 - $460

The firm received $750,000 from Debtors on April 2 as an advance
payment retainer.  Subsequently, Debtors paid the firm additional
advance payment retainer totaling $6,750,000.

Joshua A. Sussberg, P.C., a partner at Kirkland & Ellis and
Kirkland & Ellis International, disclosed in court filings that the
firms are a "disinterested person" within the meaning of Section
101(14) of the Bankruptcy Code.

Mr. Sussberg also made the following disclosures in response to the
request for additional information set forth in Paragraph D.1 of
the Revised U.S. Trustee Guidelines:

     a. Question: Did Kirkland agree to any variations from, or
alternatives to, Kirkland's standard billing arrangements for this
engagement?

        Answer: No.

     b. Question: Do any of the Kirkland professionals in this
engagement vary their rate based on the geographic location of the
Debtors' chapter 11 cases?

        Answer: No.

     c. Question: If Kirkland has represented the Debtors in the 12
months prepetition, disclose Kirkland's billing rates and material
financial terms for the prepetition engagement, including any
adjustments during the 12 months prepetition. If Kirkland's billing
rates and material financial terms have changed postpetition,
explain the difference and the reasons for the difference.

        Answer: Kirkland's current hourly rates for services
rendered on behalf of the Debtors range as follows:
          
            Billing Category        U.S. Range
            Partners              $1,075 - $1,845
            Of Counsel              $625 - $1,845
            Associates              $610 - $1,165
            Paraprofessionals       $245 - $460

     d. Question: Have the Debtors approved Kirkland's budget and
staffing plan, and, if so, for what budget period?

        Answer: Pursuant to the DIP Order, professionals proposed
to be retained by the Debtors are required to provide bi-weekly
estimates of fees and expenses incurred in these chapter 11 cases.

The firms can be reached through:

     Joshua A. Sussberg, P.C.
     Kirkland & Ellis LLP
     Kirkland & Ellis International LLP
     601 Lexington Avenue
     New York, NY 10022
     Telephone: (212) 446-4800
     Facsimile: (212) 446-4900

                    About Denbury Resources

Headquartered in Plano, Texas, Denbury Resources Inc. --
http://www.denbury.com/--is an independent oil and natural gas
company with onshore production and development activities in the
Gulf Coast and Rocky Mountains regions.  The Company's goal is to
increase the value of its properties through a combination of
exploitation, drilling and proven engineering extraction practices,
with the most significant emphasis relating to carbon dioxide
enhanced oil recovery (CO2 EOR) operations.

Denbury filed a Chapter 11 petition (Bankr. S.D. Tex. Case No.
20-33801) on July 30, 2020.  The Hon. David R. Jones oversees the
case.


DENBURY RESOURCES: Seeks to Hire KPMG LLP as Tax Consultant
-----------------------------------------------------------
Denbury Resources Inc. and its debtor-affiliates seek authority
from the US Bankruptcy Court for the Southern District of Texas to
hire KPMG LLP to provide tax consulting services.

Services KPMG will perform are:

The Proposed Restructuring Engagement Letter:

     (i) analysis of any issues under Section 382 of the Internal
Revenue Code (the "IRC"), including a sensitivity analysis to
reflect the Section 382 impact of the proposed and/or hypothetical
equity transactions pursuant to the Debtors' restructuring;

    (ii) analysis of "net unrealized built-in gains and losses" and
Notice 2003-65 as applied to the ownership change, if any,
resulting from or in connection with the Debtors' restructuring;

   (iii) analysis of Debtors' tax attributes including net
operating losses, tax basis in assets, and tax basis in stock of
subsidiaries;

    (iv) analysis of cancellation of debt income, including the
application of Section 108 and consolidated tax return regulations
relating to the restructuring of non-intercompany debt and any
contemplated capitalization/settlement of intercompany debt;

     (v) analysis of the application of the attribute reduction
rules under IRC Section 108(b) and Treasury Regulation Section
1.1502-28, including a benefit analysis of Section 108(b)(5) and
1017(b)(3)(D) elections;

    (vi) analysis of the tax implications of any internal
reorganizations and proposal of restructuring alternatives;

   (vii) cash tax modeling;

  (viii) analysis of the tax implications of any dispositions of
assets and/or subsidiary stock pursuant to the restructuring;

    (ix) analysis of potential bad debt and retirement tax losses;

     (x) analysis of any potential cash repatriation planning;

    (xi) analysis of any proof of claims from tax authorities, if
the restructuring is pursuant to a bankruptcy reorganization;

   (xii) analysis of the tax treatment of bankruptcy related costs,
if the restructuring is pursuant to a bankruptcy reorganization;

  (xiii) tax advisory services related to any potential
merger/acquisition with third parties, including due diligence and
structuring;

   (xiv) any other tax consulting related to the restructuring;

    (xv) analysis of the state and local tax implications of the
foregoing; and

   (xvi) provide tax consulting on matters that may arise for which
you seek KPMG's advice, both written and oral.

2019 Return Review Engagement Letter (Exhibit 2):

     (i) perform a review of the Debtors' tax return and work
papers;

    (ii) perform preliminary engagement planning activities related
to the tax returns; and

   (iii) provide general tax consulting services.

2020 Tax Provision Review Engagement Letter (Exhibit 3):

     (i) review necessary year-end tax and financial information
and schedules;

    (ii) review temporary and permanent differences;

   (iii) review income tax provision;

    (iv) review tax related balance sheet accounts and footnote
disclosures;

     (v) assist the Debtors in their efforts to work with
independent auditors to draft income tax provision work papers;
and

    (vi) review valuation allowance and uncertain tax position
determinations and related work papers.

Internal Audit Outsource and Sarbanes-Oxley Assistance Services
Engagement Letter:

     (i) assist the Debtors in their determination of testing
scope, approach and detailed program;
  
         (1) KPMG may/will assist the Debtors in the summarization
of financial and other information to help management understand
scope considerations;

         (2) agree on testing approach with the Debtors' project
sponsor; and

         (3) assist management in the development of a detailed
testing program (including the specific controls and the nature,
timing and extent of testing procedures) - final determination and
approval of the testing program is the responsibility of the
project sponsor;

    (ii) perform tests and document results in a set of work papers
in a format agreed to by management;

   (iii) develop draft deliverables summarizing test procedures and
results of those procedures; and

    (iv) assist the Debtors, as requested on an ongoing basis in
evaluating and testing the design and effectiveness of its internal
accounting and operational controls including: performing a risk
assessment; developing an internal audit plan; and executing the
plan.

Reorganization Accounting Engagement Letter (Exhibit 5):

     (i) consider the alternatives in approach, timing, order, and
adoption dates for fresh-start reporting, the alternatives for
on-going efficient processing of detailed accounting records, and
the potential approaches for updating detailed records to reflect
changes in values and the new accounting requirements following
emergence;

    (ii) evaluate whether the conditions in ASC 852 are met to
justify adoption of a new, fresh-start basis by determining whether
there is a change in ownership before confirmation and after
emergence;

   (iii) research and document to support the accounting and
reporting conclusions reached in accordance with ASC 852;

    (iv) identify and segregate liabilities that arose before and
after filing to reflect the liabilities subject to the bankruptcy
process;

     (v) monitor the bankruptcy proceedings to (1) compare the
claims filed, allowed, and existing debtor balances (particularly
for trade vendors), (2) adjust the existing payables to the allowed
claims, and (3) estimate claims to be settled upon emergence;

    (vi) identify and segregate pre-emergence expenses,
restructuring costs, and losses for classification in a special
category called "reorganization items" to properly portray amounts
from activities to restructure the operations prior to emergence;

   (vii) consider issues related to the recognizing the fair value
of obligations from guarantees (which may result from a sale of a
business unit or division as a result of the restructuring process
or approved as part of the restructuring process);

  (viii) consider issues related to the recognizing obligations
from the retirement of tangible long-lived assets;

    (ix) assess the degree to which top side adjustments and
disclosures are utilized to report on a fresh-start basis from the
date of emergence until such amounts are recorded to your detailed
accounting records; and

     (x) develop an approach to repopulating the Debtors' detailed
records with new fair values and asset lives providing electronic
files and assistance with updating fixed asset and other detailed
accounting records with the concluded fair values.

The majority of fees to be charged for tax provision services
reflect a reduction of approximately 20 percent from KPMG's normal
and customary rates, depending on the types of services to be
rendered. The hourly rates for tax provision services are:

     Partners/Principals/Managing Directors  $992
     Senior Managers                         $896
     Managers                                $704
     Senior Associates                       $512
     Associates                              $384
     Para-Professionals                      $224

The majority of fees to be charged for tax restructuring consulting
services reflect a reduction of approximately 25 percent - 30
percent from KPMG's normal and customary rates, depending on the
types of services to be rendered. The hourly rates for tax
restructuring consulting services are:

     Partners/Principals   $966 - $1,120
     Managing Directors    $896 - $1,036
     Senior Managers       $840 - $896
     Managers              $704 - $798
     Senior Associates     $448 - $602
     Associates            $336 - $384
     Para-Professionals    $196 - $294

The majority of fees to be charged for internal audit services
reflect a reduction of approximately 60 percent - 80 percent from
KPMG's normal and customary rates, depending on the types of
services to be rendered. The blended hourly rates for internal
audit services consulting services are:

     Process SOX Assistance   $155
     IT SOX Assistance        $175

The majority of fees to be charged for reorganization accounting
services reflect a reduction of approximately 33-39 percent from
KPMG's normal and customary rates, depending on the types of
services to be rendered. The hourly rates for reorganization
accounting services are:

     Partners $685
     Managing Directors $660
     Director/Senior Managers $590
     Managers $500
     Senior Associates $395
     Associates $275
     Para-Professionals $125

The Debtors shall reimburse KPMG for its actual and necessary costs
and expenses incurred in connection with its performance of the
Services.

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

KPMG LLP can be reached at:

     Olayinka Kukoyi
     KPMG LLP
     811 Main Street
     Houston, TX 77002
     Tel: (713) 319-2000
     Fax: (713) 319)-2041

                    About Denbury Resources

Headquartered in Plano, Texas, Denbury Resources Inc. --
http://www.denbury.com/--is an independent oil and natural gas
company with onshore production and development activities in the
Gulf Coast and Rocky Mountains regions.  The Company's goal is to
increase the value of its properties through a combination of
exploitation, drilling and proven engineering extraction practices,
with the most significant emphasis relating to carbon dioxide
enhanced oil recovery (CO2 EOR) operations.

Denbury filed a Chapter 11 petition (Bankr. S.D. Tex. Case No.
20-33801) on July 30, 2020.  The Hon. David R. Jones oversees the
case.

At the time of filing, the Debtors have $4,607,091,000 Total Assets
as of March 31, 2020 and $3,117,646,000 Total Debts as of March 31,
2020.

The Debtors tapped KIRKLAND & ELLIS LLP as general bankruptcy
counsel; JACKSON WALKER L.L.P. as local bankruptcy counsel;
EVERCORE GROUP L.L.C. as financial advisor; and ALVAREZ & MARSAL
NORTH AMERICA, LLC as restructuring advisor.  EPIQ CORPORATE
RESTRUCTURING, LLC, is the claims agent.


DUN & BRADSTREET: Fitch Ups IDR to BB- on Continued Debt Reduction
------------------------------------------------------------------
Fitch Ratings has upgraded the Long-Term Issuer Default Rating
(IDR) of Dun & Bradstreet Holdings, Inc. and Dun & Bradstreet
Corporation by one notch to 'BB-' from 'B+'. Fitch has affirmed the
senior secured debt ratings at 'BB+'/'RR1' and the senior unsecured
debt rating at 'BB'/'RR2'. The Rating Outlook is Stable.

The upgrade reflects Dun & Bradstreet's further materially improved
financial structure with an incremental $280 million partial
redemption of the senior secured first-lien notes. This follows a
partial $300 million redemption of its 10.250% senior unsecured
notes with IPO and private placement proceeds and redemption of the
$1,068 million series A preferred stock (which Fitch did not treat
as debt) and resultant cessation of its voluntary distribution to
its parent to fund 12% PIK coupon.

As a result, in August Fitch upgraded Dun & Bradstreet's LT IDR by
one notch to 'B+' with a positive Outlook in anticipation the
company would use some of the remaining net IPO and private
placement proceeds (which were in excess of $600 million) for debt
reduction which would materially improve its credit protection
metrics further.

The debt rating affirmations follow from Fitch's Corporates
Notching and Recovery Ratings Criteria where IDRs have transitioned
to the 'BB' from the 'B' rating category. Fitch's criteria states
that existing unsecured or secured tranches benefiting from
Recovery Ratings of 'RR2' or 'RR1' under the bespoke analysis, as
Dun & Bradstreet's issue ratings did before the upgrade, may stay
at their previous rating levels, if warranted.

KEY RATING DRIVERS

Debt Redemption: Dun & Bradstreet's financial structure is
materially improved by its announced $280 million partial
redemption of its 6.875% senior secured notes due 2026 with IPO
proceeds. This follows a $300 million partial redemption of the
10.250% senior unsecured notes with IPO proceeds. Gross leverage is
expected to be 4.6x at the end of 2020, a reduction of nearly 3.5x
from closing leverage when taken private in early 2019. Fitch now
sees leverage to be sustained in the low to mid-4.0x region, with
no further margin expansion, debt reduction and very low
single-digit revenue growth. Additionally, while Fitch did not
consider the series A preferred stock to be debt of the rated
entity, Dun & Bradstreet had voluntarily made distributions to its
parent to fund the 12% PIK coupon. With the full redemption of the
$1,068 million preferred the company avoids further voluntary
distributions which would have totaled $128 million annually.

Further Deleveraging Capacity: At constant margins and modest
top-line growth, Fitch sees Dun & Bradstreet's gross leverage
declining a further 0.3x organically. Dun & Bradstreet has
indicated it sees net leverage averaging low 4x to high 3x,
consistent with Fitch's updated sensitivities. Fitch estimates Dun
& Bradstreet will generate approximately $1 billion in FCF over the
next three to four years, providing significant flexibility for
further debt reduction, organic investment, capability acquisition
and potentially shareholder return.

Financial Policy: Dun & Bradstreet has not committed to using FCF
for debt reduction, although the company has said it is
prioritizing continued investment in the business and debt
repayment. However, given the significant progress made in reducing
leverage, there is a possibility the company could begin to shift
to shareholder return. However, at Dun & Bradstreet's upgraded
'BB-' rating, the agency views the company as having meaningful
headroom to Fitch's 4.5x negative gross leverage sensitivity
providing flexibility for operational challenges, M&A and
shareholder return. That said, the company has been vocal about
taking further steps to address its capital structure and aligning
it with its operational improvement since the take private
transaction and now subsequent IPO.

Coronavirus Resilience: Dun & Bradstreet's business has been only
moderately affected by the coronavirus pandemic. Revenue increased
3% in 1Q20 and 2% in 2Q20 on an adjusted normalized, constant
currency basis. The pandemic's impact was about 1.5% in 2Q20. Fitch
assumes 2020 revenue will be flat, to slightly higher, on an
adjusted basis with continuing modest revenue declines related to
the pandemic in the back part of the year and with anticipated
impacts to renewals in smaller firms and sales and marketing spend.
Dun & Bradstreet's expected performance reflects the criticality of
its data to commerce as well as the result of strategic actions
taken by the management team. Fitch conservatively assumes lower
single-digit revenue growth over the rating horizon while
acknowledging the potential for upside.

DERIVATION SUMMARY

DNB's business profile as a data analytics provider is supported by
its market position with a meaningful market share of core
commercial credit in North America, approximately 85% recurring
revenue base with subscriptions representing three-quarters of
revenue, and a long-standing customer base with an approximate 95%
revenue retention rate. In 2019, no customer accounted for more
than 5% of DNB's revenue, and top 50 customers accounted for 25% of
revenue. The company is broadly diversified across sectors although
it is heavily weighted toward the Americas (greater than 80% of
revenue). These business profile characteristics are broadly
comparable with DNB's data analytics peers, the majority of which
are solid investment grade. However, DNB's organic growth profile
(approximately 1%-2%) has been muted relative to more highly-rated
peers that have consistently grown at mid-single-digits. DNB's
operating EBITDA margin was previously about 10 points to 20 points
below its peers, and its FCF margin is lower as a result, although
the company has made significant strides in improving its margins
to a level in line with its more highly-rated peers.

Fitch establishes a parent-subsidiary relationship between Dun &
Bradstreet Holdings, Inc. as parent assessing it to have a weaker
stand-alone credit profile than its operating subsidiary and issuer
of debt Dun & Bradstreet Corporation. Fitch assigns the same IDRs
given the entities' strong operational and legal ties. Fitch rates
corporate subsidiaries of private equity vehicles, or similar
financial investors, based upon the stand-alone credit profile and
does not generally assume parent-subsidiary or relevant
investor-investee relationship under the Parent and Subsidiary
Rating Linkage criteria.

No Country Ceiling constraints or Operating Environment influence
were in effect for these ratings.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within the Agency's Rating Case for the
Issuer

  -- Flat to very low single-digit adjusted constant currency
revenue growth in 2020 and low-single digit assumed annually over
the rating horizon thereafter;

  -- Operating EBITDA margin of between 41% and 42% in 2020 flat
over the rating horizon with the bulk of synergies realized and
potential for margin expansion at growth above very low
single-digit;

  -- Capital expense of $120 million in 2020 in-line with guidance
and $100 million annually thereafter;

  -- Allocation of portion of FCF to tuck-in acquisitions in line
with recent acquisition strategy with potential for shareholder
return;

  -- No further debt redemption beyond partial $300 million of
10.250% senior unsecured notes and $280 million of 6.875% senior
secured notes with potential for further redemption of unsecured
and secured debt with remaining net IPO proceeds.

RATING SENSITIVITIES

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

  -- Total debt with equity credit to operating EBITDA expected to
be sustained below 4.0x;

  -- FCF-to-total debt with equity credit expected to be sustained
above 5%;

  -- Expectation for sustained organic constant currency growth in
excess of low single digit;

  -- Material voluntary debt reduction.

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

  -- Total debt with equity credit to operating EBITDA expected to
be sustained above 4.5x;

  -- FCF-to-total debt with equity credit expected to be sustained
below 4%;

  -- Expectation for flat to negative organic constant currency
growth;

  -- Shift to more aggressive financial policy.

LIQUIDITY AND DEBT STRUCTURE

Adequate Liquidity and Manageable Debt Structure: Dun & Bradstreet
had $346 million in cash and cash equivalents at June 30, 2020, pro
forma to paydown of the $88 million revolver balance subsequent to
quarter end, $634 million in IPO proceeds net of partial redemption
of the 10.250% senior unsecured notes and full redemption of the
series A preferred stock as well as fees and premiums, in addition
to the announced $280 million partial redemption of the 6.875%
senior secured notes and the associated $20 million premium.

Additionally, following a recent amendment upsizing and extending
the maturity of the revolver, Dun & Bradstreet has access to a $850
million revolving credit facility maturing in 2025. Liquidity will
be further supported by Fitch's expectation of in excess of $200
million of FCF in 2020 increasing to approximately $250 million in
2021 driven by modest top-line growth at higher margin and improved
collections and working capital dynamics. Dun & Bradstreet's
maturity schedule is manageable with final maturities in 2026. Dun
& Bradstreet may use additional net IPO proceeds for further debt
reduction.

REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF
RATING

The principal sources of information used in the analysis are
described in the Applicable Criteria.

ESG CONSIDERATIONS

The Dun & Bradstreet Corporation: Group Structure: 4, Governance
Structure: 4

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


EPIC CRUDE: S&P Cuts ICR to 'B-' on Elevated Leverage, Outlook Neg.
-------------------------------------------------------------------
S&P Global Ratings lowered the issuer credit and issue-level
ratings on Epic Crude Services L.P. to 'B-' from 'B'. The outlook
is negative. The recovery rating on the senior secured debt is '3',
indicating S&P's expectation of meaningful (50%-70%; rounded
estimate: 55%) recovery in the event of a payment default.

The partnership placed the crude line into full service in April
2020, in the peak of the COVID-19 pandemic and the oil price war.
Volume flows and operations have ramped slower than S&P originally
expected. S&P forecasts the partnership will achieve adjusted
leverage above 10x through year-end 2020, decreasing to the
7.25x-8.25x range in 2021 underpinning the ratings action. The
rating agency previously expected adjusted leverage in the 6.5x-7x
range by year-end 2020.

"We forecast the partnership could realize credit-supportive cash
flows in the first half of 2021. We expect an investment-grade
customer to ramp volumes in the first quarter, providing an uptick
to Permian volume flows as Epic's East Dock enters into full
operations," S&P said.

We also believe more supportive Eagle Ford basin dynamics in the
first half of 2021 could lead to an increase in incremental volume
flows," the rating agency said.

The partnership expects The East Dock to be operational by the
second quarter of 2021. The East Dock, which is located adjacent to
the West Dock, and is a greenfield dock facility that will load up
to Suezmax-sized tankers (capable of transporting up to 1,000,000
barrels) at a maximum loading rate of 40,000 barrels per hour. S&P
expects the partnership to have increased commercial interest as
this export loading facility enters into full service. In addition,
the partnership has minimal remaining construction capital
expenditures for the project. S&P forecasts up to $150 million in
remaining spend over the next 12 months, focused on construction
clean up and the waterborne terminals." Thereafter, the pipeline is
expected to maintain annual capital spending levels of
approximately $30 million.

Despite these supportive aspects, the partnership still faces a
challenging market landscape, as competing pipelines have now
entered into full service and producers' production time lines and
market demand is still fluid. In addition, a large portion of Epic
Crude's capacity remains exposed to volumetric fluctuations, as
approximately 40% (225,000 bbl/day) of Permian capacity is
backstopped by minimum volume commitments. This compares to
competing pipelines out of the Permian including Gray Oak Pipeline,
LLC and Cactus II which have a higher percentage of MVCs.

The negative outlook reflects S&P's expectations of continued
elevated adjusted leverage metrics over the next 18 to 24 months.
S&P now forecasts the partnership's adjusted debt-to-EBITDA ratio
will be above 10x at year-end 2020 (nine months of operations), and
7.25x-8.25x in 2021, the first full year of operations.

"We could lower our rating on Epic Crude if the company fails to
ramp up operations and volume flows over the next few quarters.
This could occur if customers are unable to resume drilling
schedules and meet their signed volumetric obligations," S&P said,
adding that it could also consider lowering the rating if the
partnership sustains leverage above 7.5x.

"We could revise the outlook on Epic Crude to stable if it
maintains a debt-to-EBITDA ratio below 6.5x while increasing its
throughput volumes while demonstrating a consistent trend of
deleveraging and sweeping cash against its outstanding term loan
balance," the rating agency said.


FIELDWOOD ENERGY: Seeks Court Approval to Employ OCPs
-----------------------------------------------------
Fieldwood Energy LLC and its affiliates filed a motion seeking
approval from the U.S. Bankruptcy Court for the Southern District
of Texas to employ professionals utilized in the ordinary course of
business.

The motion, if granted, would allow Debtors to hire "ordinary
course professionals" without the need to file a separate
employment or fee application.

The OCPs provide a range of services, which include accounting,
auditing, consulting and legal services.  The OCPs are:

   Ordinary Course Professional           Type of Service
   ----------------------------           ---------------
   Ernst & Young LLP                      Accounting and Auditing
   1401 McKinley Stg, Suite 2400
   Houston, TX 77010

   Simpson Thacher & Bartlett LLP         Legal
   425 Lexington Ave
   New York, NY 10017   

   Adams and Reese LLP                    Legal
   Dept 5208, P.O. Box 2153
   Birmingham, AL 35287‐5208

   Alston & Bird LLP                      Legal
   1201 W Peachtree St
   Atlanta, GA 30309‐3424

   Beck Redden LLP                        Legal
   1625 K St NW, Suite 1100
   Washington DC 20006

   Blank Rome LLP                         Legal
   7100 Louisiana St, Suite 3100
   Houston, TX 77002

   BRI Consulting Group, Inc.             Accounting and Auditing
   701 Poydras St, Suite 5000
   New Orleans, LA 70139

   Buck Keenan LP                         Legal
   5847 San Felipe, Suite 1000
   Houston, TX 77056

   Cadwalader, Wickersham & Taft LLP      Legal
   200 Liberty St
   New York, NY 10281

   Capitelli & Wicker                     Legal
   1100 Poydras St, Suite 2950
   New Orleans, LA 70163

   Capitol Services                       Legal
   1825 Eye St NW
   Washington DC 20006-5403

   Chaffe McCall LLP                      Legal
   801 Travis St, Suite 1910
   Houston, TX 77002

   Corbett & Schreck, PC                  Legal
   1616 S. Voss Rd, Suite 845
   Houston, TX 77057

   Ernst & Young Product Sales LLC        Accounting and Auditing
   950 Main Ave, Suite 1800
   Cleveland, OH 44113

   Floom Energy Law PLLC                  Legal
   900 16th St NW
   Washington DC 20006

   Gieger Laborde & Laperouse LLC         Legal  
   701 Poydras St, Suite 4800
   New Orleans, LA 70139

   Hartline Barger LLP                    Legal
   1980 Post Oak Blvd, Suite 1800
   Houston, TX 77056

   Holman Fenwick Willan USA LLP          Legal
   5151 San Felipe St, Suite 400
   Houston, TX 77056

   Jackson Lewis PC                       Legal
   1550 Seventeenth St, Suite 500
   Denver, CO 80202

   John & Hengerer                        Legal
   P.O. Box 2079
   Carol Stream, IL 60132-2079

   Kilmer Crosby & Quadros PLLC           Legal
   712 Main St, Suite 1100
   Houston, TX 77002

   King & Jurgens LLC                     Legal
   201 St Charles Ave, 45th Floor
   New Orleans, LA 70170

   Law Office Of Kevin M Sweeney          Legal
   1625 K. St NW, Suite 1100
   Washington DC 20006

   Liskow & Lewis                         Legal
   01 Poydas St, Suite 5000
   New Orleans, LA 70139

   Loyens & Loeff                         Legal
   950 Main Ave, Suite 1800
   Cleveland, OH 44113

   Mayer Brown, LLP                       Legal
   5877 Washington Blvd
   Arlington, VA 22205

   McGuire Woods LLP                      Legal
   600 Travis St, Suite 7500
   Houston, TX 77002-2906

   Miller & Chevalier Chartered           Legal
   655 Fifteenth Street Nw, Suite 900
   Washington, DC 20005‐5701

   Opportune LLP                          Accounting and Auditing
   400 E. Las Colinas Blvd, Suite 700
   Irving, TX 75039
       
   Post & Schell PC                       Legal  
   1600 John F Kennedy Blvd
   Philadelphia, PA 19103

   PriceWaterhouseCoopers LLP             Accounting and Auditing
   3109 W Dr MLK Jr Blvd
   Tampa, FL 33607

   Ryder Scott Company LP                 Accounting and Auditing
   1100 Louisiana St, Suite 4600
   Houston, TX 77002

   Schiffer Odom Hicks & Johnson PLLC     Legal
   600 Jefferson St, Suite 810
   Lafayette, LA 70505

   Skinner Law Firm LLC                   Legal
   700 Louisiana St, Suite 2650
   Houston, TX 77002

   Stancil & Co.                          Accounting
   712 Main St, Suite 1100
   Houston, TX 77002

   Thompson Coburn LLP                    Legal
   One US Bank Plaza
   St. Louis, MO 63101

   Willis Towers Watson US LLC            Compensation Consulting
   500 North Akard St, Suite 4100
   Dallas, TX 75201

To the extent an OCP seeks compensation in excess of its applicable
monthly fee cap or yearly fee cap, the OCP must file with the court
a notice of fees in excess of the applicable cap and an invoice
setting forth the nature of the services rendered and disbursements
actually incurred.  The reviewing parties will then have 14 days to
file an objection to the notice of excess fees with the court.  If
after 14 days no objection is filed, the excess fees will be deemed
approved and the OCP may be paid 100% of its fees and 100% of its
expenses without the need to file a fee application.

                      About Fieldwood Energy

Fieldwood Energy is a portfolio company of Riverstone Holdings
focused on acquiring and developing conventional assets, primarily
in the Gulf of Mexico region. It is the largest operator in the
Gulf of Mexico owning an interest in approximately 500 leases
covering over two million gross acres with 1,000 wells and 750
employees. Visit https://www.fieldwoodenergy.com for more
information.

Fieldwood Energy and its 13 affiliates previously sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 18-30648) on Feb. 15,
2018, with a prepackaged plan that would deleverage $3.286 billion
of funded by $1.626 billion.

On Aug. 3, 2020, Fieldwood Energy and its 13 affiliates again filed
voluntary Chapter 11 petitions (Bankr. S.D. Tex. Lead Case No.
20-33948). Mike Dane, senior vice president and chief financial
officer, signed the petitions.

At the time of the filing, Debtors disclosed $1 billion to $10
billion in both assets and liabilities.

Judge David R. Jones oversees the cases.

Debtors have tapped Weil, Gotshal & Manges LLP as their legal
counsel, Houlihan Lokey Capital, Inc. as investment banker, and
AlixPartners, LLP as financial advisor. Prime Clerk LLC is the
claims, noticing and solicitation agent.

The first lien group has employed O'Melveny & Myers LLP as its
legal counsel and Houlihan Lokey Capital, Inc. as its financial
advisor.  

The RBL lenders have employed Willkie Farr & Gallagher LLP as their
legal counsel and RPA Advisors, LLC as their financial advisor.  

The cross-holder group has tapped Davis Polk & Wardwell LLP as its
legal counsel and PJT Partners LP as its financial advisor.


FIRST QUANTUM: S&P Alters Outlook to Positive, Affirms 'CCC+' ICR
-----------------------------------------------------------------
S&P Global Ratings revised its outlook on Canada-headquartered
copper miner First Quantum Minerals' (FQM) long-term issuer credit
rating to positive from stable, and at the same time affirming the
'CCC+' rating.

The outlook revision reflects the positive developments of the past
few months, namely the recovery of copper prices by about 40% (to
$3.04/lb currently) from the trough in March and the resumption of
normal activity across FQM's mines. In S&P's view, if the company
delivered on its production guidance in 2021 (800 kilotons [kt]-850
kt), this would translate into S&P Global Ratings-adjusted debt to
EBITDA improving to below 5x, the reduction of its financial debt
by more than $600 million, and the achievement of geographical
diversification of earnings with close to equal split between
Zambia and Panama.

At the same, in the short term, S&P's rating on FQM continues to be
affected by the company's exposure to Zambia (CCC/Negative/C), and
a potential sovereign default in the coming quarters that could
translate into restricted foreign exchange access for corporates
and other business disruptions.

After decent results in first-half 2020, S&P now expects the
company to see a recovery in its result in the coming quarters.
FQM reported $0.8 billion of EBITDA in the first half of 2020. This
was achieved in spite of numerous hurdles, including:

-- Low copper prices (the average for the period was about
$2.50/lb), which the company mitigated through its hedging
program;

-- The suspension of Cobre Panama mine production from early April
to early July because of the COVID-19 pandemic; and

-- A potential financial covenant breach.

The company has moved on from these issues, and a gradual recovery
in the world economy and better measures to cope with COVID-19
should support an improvement in FQM's results in second-half 2020
and into 2021. S&P therefore forecasts free operating cash flow
(FOCF)--post capital expenditure (capex) and pre dividends--of a
few hundred million dollars in 2020, increasing to $0.5
billion-$0.8 billion in 2021.

S&P understands that the company still aims for reported net debt
to EBITDA of not more than 2.0x over the long term, before
embarking on new projects.  This compares with about 5.9x at
end-June 2020, down from 6.7x at end-2019. As of June 30, 2020, the
company's reported net debt was $7.7 billion, flat compared with
December 2019. Under its base-case assumption of FOCF generation,
S&P estimates that FQM would not be able to meet its objective of
deleveraging below 2x in the next few years, unless factoring in
asset/stake sales.

S&P continues to see high country risk in Zambia, and believes that
the liquidity issues may pose some short-term risks for FQM.  On
Aug. 21, 2020, S&P affirmed its 'CCC' foreign currency rating and
its transfer and convertibility (T&C) assessment of Zambia at
'CCC'. The outlook remains negative because S&P continues to see
Zambia as being vulnerable to nonpayment of upcoming commercial
debt obligations over the next six to 12 months.

"In our view, a potential default could translate into restricted
foreign exchange access for corporates, and other business
disruptions, such as new regulations or availability of
infrastructure, even though we believe it is in the government's
best interests to ensure stable copper industry operations in the
country," S&P said.

The positive outlook reflects a potential rebound of the rating
back to 'B-' in the coming six to 12 months, if the company
delivers on its guided production in the coming quarters and uses
its strong positive FOCF to reduce its debt.

In addition, if meeting the production targets, FQM's exposure to
Zambia will be reduced materially, with increasing exposure to
lower-risk countries, namely Panama (BBB+/Negative/A-2).

Under S&P's base case, it projects that in 2020 the company will
generate adjusted EBITDA of about $1.8 billion-$2.0 billion,
translating into FOCF of about $200 million and S&P Global
Ratings-adjusted debt to EBITDA of 5.2x-5.7x.

Upside scenario

A higher rating could be supported by the following:

-- Adjusted debt to EBITDA sustainably below 5x. Under S&P's base
case, the company would be able to meet this objective in 2021;

-- Portfolio diversification of earnings, with Panama increasing
to above 50% of EBITDA and Zambia decreasing gradually;

-- Adequate liquidity, including addressing the upcoming
maturities in 2021; and

-- Progress on management's commitment to reduce the company's
absolute debt level and achieve a net debt to EBITDA of up to
2.0x.

Downside scenario

S&P could revise the outlook back to stable if the rating agency
continued to see FQM's capital structure as unsustainable. This
would be the case if the company underperformed against S&P's base
case, mainly due to production issues or materially lower copper
prices. For example, lower production of about 15% versus S&P's
base case would likely translate into adjusted debt to EBITDA
remaining above 5x in 2021.

Pressure on the rating could also arise from risks stemming from a
potential default of Zambia in the next six to 12 months, and the
concern that such a default will lead to restricted foreign
exchange access for corporates (as reflected in S&P's T&C
assessment of Zambia at 'CCC'), or other business disruptions.


FRANCHISE DYNAMICS: Unsecureds May Recover 100% of Claim
--------------------------------------------------------
Franchise Dynamics, LLC, filed a Plan and a Disclosure Statement.

Class 2 General Unsecured Claims are impaired and may recover 100%
of their claims. Shall receive payment based on prorate payment of
the liquidation value of the Debtor's assets.  Additionally, such
creditors will receive interest, such that, they will be paid in
the full face amount of their allowed claims through payments over
72 months.

The Plan will be funded from the proceeds of Debtor's operations.

A full-text copy of the Disclosure Statement dated August 10, 2020,
is available at https://tinyurl.com/y28k77em from PacerMonitor.com
at no charge.

Counsel to the Debtor:

     Jonathan P. Ibsen, Esq.
     Craig P. Cherney, Esq.
     CANTERBURY LAW GROUP, LLP
     14300 N. Northsight Boulevard, Suite 129
     Scottsdale, Arizona 85260
     Office: (480) 240-0040
     Fax: (480) 656-5966
     E-mail: JIbsen@clgaz.com

                    About Franchise Dynamics

Franchise Dynamics, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 19-14302) on Nov. 8,
2019.  At the time of the filing, the Debtor had estimated assets
of less than $50,000 and liabilities of between $500,001 and $1
million. Judge Paul Sala oversees the case. Jonathan P. Ibsen,
Esq., at Canterbury Law Group, LLP, is the Debtor's bankruptcy
counsel.


GALICIAPOKE LLC: Seeks to Hire BransonLaw as Counsel
----------------------------------------------------
Galiciapoke LLC filed an amended application seeking authority from
the US Bankruptcy Court for the Middle District of Florida to hire
Jeffrey S. Ainsworth and BransonLaw, PLLC, as its counsel.

Galiciapoke requires BransonLaw to:

     (a) prosecute and defend any causes of action on behalf of the
Debtor; prepare, on behalf of the Debtor, all necessary
applications, motions, reports and other legal papers;

     (b) assist in the formulation of a plan of reorganization and
preparation of disclosure statement; and

     (c) provide all other services of a legal nature.

BransonLaw will be paid at the hourly rate of $150 to $450.

Prior to the commencement of this case, the Debtor paid an advance
fee of $4,015.50 for post-petition services and expenses in
connection with this case and the filing fee of $1,717.

The Debtor has previously paid BL $7,767.50 on a current basis, for
services rendered and costs incurred prior to the commencement of
this case, including the preparation of the petition, motions, and
other papers.

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

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

BransonLaw can be reached at:

     Jeffrey Ainsworth, Esq.
     BRANSONLAW, PLLC
     1501 E. Concord Street
     Orlando, FL 32803
     Tel: (407) 894-6834
     Fax: (407) 894-8559
     E-mail: jeff@bransonlaw.com

                          About Galiciapoke LLC

Galiciapoke LLC sought protection under chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 20-04381) on August 3,
2020, listing under $1 million in both assets and liabilities.
Jeffrey S. Ainsworth, Esq. at BRANSONLAW, PLLC represents the
Debtor as counsel.


GARRETT MOTION: Case Summary & 30 Largest Unsecured Creditors
-------------------------------------------------------------
Lead Debtor: Garrett Motion Inc.
             16 La Piece
             Rolle 1180
             Switzerland

Business Description:     Garrett Motion Inc. --
                          www.garrettmotion.com -- is a Delaware
                          corporation established in 2018, with
                          its headquarters located in Rolle,
                          Switzerland.  The Debtors design,
                          manufacture and sell highly engineered
                          turbocharger, electric-boosting and
                          connected vehicle technologies.

Chapter 11 Petition Date: September 20, 2020

Court:                    United States Bankruptcy Court
                          Southern District of New York

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

     Debtor                                               Case No.
     ------                                               --------
     Garrett Motion Inc. (Lead Debtor)                    20-12212
     BRH LLC                                              20-12213
     Calvari Limited                                      20-12214
     Friction Materials LLC                               20-12215
     Garrett ASASCO Inc.                                  20-12211
     Garrett Borrowing LLC                                20-12216
     Garrett Holding Company Sarl                         20-12217
     Garrett LX I S.a r.l.                                20-12218
     Garrett LX II S.a r.l.                               20-12219
     Garrett LX III S.a r.l.                              20-12220
     Garrett Motion Australia Pty Limited                 20-12221
     Garrett Motion Automotive Research
     Mexico S. de R.L. de C.V.                            20-12222
     Garrett Motion Holdings II Inc.                      20-12224
     Garrett Motion Holdings Inc.                         20-12223
     Garrett Motion International Services S.R.L.         20-12225
     Garrett Motion Ireland A Limited                     20-12226
     Garrett Motion Ireland B Limited                     20-12227
     Garrett Motion Ireland C Limited                     20-12228
     Garrett Motion Ireland Limited                       20-12229
     Garrett Motion Italia S.r.l.                         20-12230
     Garrett Motion Japan Inc.                            20-12231
     Garrett Motion LLC                                   20-12232
     Garrett Motion Mexico, Sociedad Anonima de
     Capital Variable                                     20-12233
     Garrett Motion Romania S.R.L.                        20-12234
     Garrett Motion Sarl                                  20-12235
     Garrett Motion Slovakia s.r.o.                       20-12236
     Garrett Motion Switzerland Holdings Sarl             20-12237
     Garrett Motion UK A Limited                          20-12238
     Garrett Motion UK B Limited                          20-12239
     Garrett Motion UK C Limited                          20-12240
     Garrett Motion UK D Limited                          20-12241
     Garrett Motion UK Limited                            20-12242
     Garrett Transportation I Inc.                        20-12243
     Garrett Transportation Systems Ltd                   20-12244
     Garrett Transportation Systems UK II Ltd             20-12245
     Garrett TS Ltd                                       20-12246
     Garrett Turbo Ltd                                    20-12247

Debtors' Counsel:         Andrew G. Dietderich, Esq.
                          Brian D. Glueckstein, Esq.
                          Benjamin S. Beller, Esq.
                          Noam R. Weiss, Esq.
                          SULLIVAN & CROMWELL LLP
                          125 Broad Street
                          New York, New York 10004
                          Tel: (212) 558-4000
                          Fax: (212) 558-3588
                          E-mail: dietdericha@sullcrom.com
                                  gluecksteinb@sullcrom.com
                                  bellerb@sullcrom.com
                                  weissn@sullcrom.com

Debtors'
Co-Counsel:               QUINN EMANUEL URQUHART &
                          SULLIVAN LLP

Debtors'
Investment
Banker:                   PERELLA WEINBERG PARTNERS

Debtors'
Investment
Banker:                   MORGAN STANLEY & CO. LLC

Debtors'
Restructuring
Advisor:                  ALIXPARTNERS LLP

Debtors'
Notice,
Claims &
Balloting
Agent:                    KURTZMAN CARSON CONSULTANTS LLC
                          https://www.kccllc.net/garrettmotion

Total Assets as of June 30, 2020: $2,066,000,000

Total Debts as of June 30, 2020: $4,169,000,000

The petitions were signed by Sean Deason, authorized signatory.

A full-text copy of Garrett Motion's petition is available for free
at PacerMonitor.com at:

https://www.pacermonitor.com/view/4XZJX4A/Garrett_Motion_Inc__nysbke-20-12212__0001.0.pdf?mcid=tGE4TAMA

List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Honeywell                         Litigation       Undetermined
300 South Tryon Street
Charlotte NC 28202 USA
Anne T. Madden
Tel: +1 973 727 5996
Email: anne.madden@honeywell.com

2. Tennessee Department of          Environmental     Undetermined
Environment and Conservation          Liability
312 Rosa L Parks Ave,
Tennessee Tower, 2nd Floor
Nashville TN 37243
USA
David W. Salyers, P.E.
Tel: (615) 532 0109
https://www.tn.gov/environment/ask-tdec-
form.html

3. Comune di Atessa (Chieti)        Environmental     Undetermined
Largo Municipio, 1                    Liability
Atessa, Chieti 66041
Italy
Ing. Maurizio Calabrese
Tel: 0872-850421
Email: maurizio.calabrese@comunediatessa.it

4. Deutsche Bank Luxembourg S.A        Financial      $422,100,000
(as Agent on the 2026 Senior Notes)      Debt
Winchester House, 1 Great Winchester St
London State EC2N 2DB
United Kingdom
Adam Wilson
Tel: +44 20 754-70359
Email: adam.wilson@db.com

5. Mei Ta Industrial                     Trade         $24,428,518
31, Xingpang Rd., Kueishan Dist.,
Taoyuan City 33370
Taiwan
Michael Gao
Tel: +86 13920059446
Email: michaelgao@nws.cn

6. Wuxi Yelong Precision Machinery Co    Trade         $17,780,416
Luoshe Supporting Area, Huishan Economic
Development Zone
Wuxi Jiangsu 214187
China Peoples Rep
Jeff Bai
Tel: +86 13921507960
Email: jeff.bai@wuxiyelong.com

7. Kehua                                 Trade         $17,682,504
No.63, Yongkang Rd.,
Yuqiao Village, Zhuze Town
Liyang Jiangsu 213354
China Peoples Rep
Felix Chen
Tel: +86 13861209119
Email: felix.chen@khmm.com.cn

8. UniCredit                          Supply Chain     $16,162,417
8-10, rue Jean Monnet                  Financing
L-2180
Luxembourg
Claudia Kapinos
Tel: +49 160/90109523
Email: claudia.kapinos@unicredit.de

9. Wuxi Lihu                             Trade         $14,307,761
No. 2, Tianzhu Road,
Hudi Town, Binhu District
Wuxi Jiangsu 214124
China Peoples Rep
Kunming Huang
Tel: +86 13585093721
Email: huangkm@chinalihu.com

10. Hella                                Trade          $9,614,930
Rixbecker Str. 75
Lippstadt Nordrhein-Westfalen 59557
Germany
Peter Kluner
Tel: +49 172 238 4356
Email: peter.kluener@hella.com

11. Wuxi Best Precision Machinery Co     Trade          $6,632,855
No.18, Hehuan West Road, Hudai Town, Binhu
District
Wuxi Jiangsu 214161
China Peoples Rep
Winni Pu
Tel: +86 189 2152 3333
Email: tianfeng.pu@wuxibest.com

12. Castec                               Trade          $6,470,162
24 Hakjang-ro 63beon-gil, Sasang-gu
Busan 47026
Korea, Republic of
H.S.Yoon
Tel: +82 10 5298 5410
Email: hsyoon@castec.co.kr

13. Magneti Marelli                      Trade          $5,610,322
via del Timavo 33
Bologna Bologna 40131
Italy
Giuseppe Bisceglie
Tel: +39 3316794104
Email: giuseppe.bisceglie@marelli.com

14. Cogeme                               Trade          $5,432,090
Calea Campulungului Nr 76b
Micesti 117465
Romania
Nicola Vendittelli
Tel: +39 346 85 24 521
Email: nicola.vendittelli@cogemeset.eu

15. Mitsubishi Electric                  Trade          $5,377,530
25 Boulevard Des Bouvets
Nanterre lle-de-France 92000
France
Albin Jayat
Tel: +33 1 55 68 55 68
Email: Albin.Jayat@fra.mee.com

16. Wescast                              Trade          $5,170,808
Szent Borbala u. 16.
Oroszlany 2840
Hungary
Sean Zheng
Tel: +86 18908087287 /
18930301657
Email: zhengxiang@bohonggroup.com.cn

17. Faist                                Trade          $4,558,082
Via Dell'Industria 2
Montone Perugia 6014
Italy
Marcello Pennicchi
Tel: +39 3484117493
Email: pennicchi@faistcomp.com

18. Shanghai LiangJi                     Trade          $3,881,636
No.568, Dongzhou Road, Dongjing Town,
Songjiang District
Shanghai Shanghai 201619
China Peoples Rep
Cynthia Chen
Tel: +86 13817782079
Email: cy@liangji.com.cn

19. Streit                               Trade          $3,663,151
21 Avenue Gaston Renaud
Santoche Doubs 25340
France
Roland Streit
Tel: +33 3 81 90 66 70
Email: r.streit@groupe-streit.com

20. Pierburg                             Trade          $3,137,310
Alfred-Pierburg-Str. 1
Neuss Nordrhein-Westfalen 41460
Germany
Karsten Sonnenschein
Tel: +49 1737340623
Email: karsten.sonnenschein@de.kspg.com

21. Wuxi Xinan Aluminum                  Trade          $2,999,158
Technology Co.,
Rengang Village, Xuelang St.,
Binhu District
Wuxi Jiangsu 214128
China Peoples Rep
Gu Dengfeng
Tel: +86 137 7104 0622
Email: Gu.dengfeng@Xn-casting

22. Compa SA                             Trade          $2,908,118
        
STR. Henri Coanda NR 8
Sibiu 550003
Romania
Ioan Deac
Tel: +40 269 237 878
Email: ioan.deac@compa.ro

23. Aikoku Alpha Corp                    Trade          $2,728,148
4-1, Hongojuichi, Sobuechomorikami
Inazawa Aichi 495-0011
Japan
Masaki Nakashima
Tel: +81 587 97 8212
Email: m-nakashima@aikoku.com

24. Booster Precision Components         Trade          $2,684,954
Hloza 2520
Belusa 1861
Slovakia
Paul Santarelli
Tel: +33 6 24 84 77 11
Email: Paul.Santarelli@booster-precision.com

25. Jiangyin Machine Building Inc        Trade          $2,507,323
8 Yuexiang Road, Yuecheng Town
Jiangyin Jiangsu 214404
China Peoples Rep
Shawn Chen
Tel: +86 13915243695
Email: shawn@jymw.com.cn

26. CRRC                                 Trade          $2,443,987
No. 258, Wuyi Road,
Qishuyan Economic
Development Zone
Changzhou Jiangsu 213011
China Peoples Rep
William Sun
Tel: +86 519 8980 8705
Email: sunqing@csrqsyri.com.cn

27. SICTA                                Trade          $2,354,638
Rue De La Goutte D Avin
Auxelles-Bas 90200
France
Andre d'Ales
Tel: +33 3 84 58 45 09
Email: aaaaa@citele.fr

28. CRRC Changzhou Auto Parts Co.,Ltd.   Trade          $2,311,621
No. 258, Wuyi Road,
Qishuyan Economic
Development Zone
Changzhou Jiangsu 213011
China Peoples Rep
William Sun
Tel: +86 519 8980 8705
Email: sunqing@csrqsyri.com.cn

29. Enkei Aluminum Products              Trade          $2,144,269
No.118 YuanQing Rd
Kunshan Jiangsu 215300
China Peoples Rep
Kitty Wang
Tel: +86 138 1293 9175
Email: kitty.wang@enkei.com

30. Schaeffler                             Trade         
$2,044,122
200 Park Ave
Danbury Connecticut 6813
USA
Stephan Hellmann
Tel: +49 9132 82 7865
Email: hellmsep@schaeffler.com


GARRETT MOTION: Files Chapter 11 Petition to Facilitate Sale
------------------------------------------------------------
Garrett Motion Inc. (NYSE: GTX) on Sept. 20 disclosed that it has
entered into an agreement with KPS Capital Partners, LP ("KPS")
with respect to a potential purchase of its business and commenced
voluntary Chapter 11 cases with the United States Bankruptcy Court
for the Southern District of New York in order to implement the
purchase.

In connection with its reorganization, the Company has entered into
a Restructuring Support Agreement with holders of approximately 61%
of the Company's outstanding senior secured debt as of the date of
the chapter 11 filing and is seeking Court approval of $250 million
of debtor-in-possession financing, arranged by Citigroup. The
proceeds of the new financing, which is subject to Court approval
and the satisfaction of other conditions precedent, will supplement
cash flow from ongoing operations and bolster the Company's
liquidity position during the Chapter 11 cases.

KPS is a leading global private equity firm with a demonstrated
track record of successfully investing in the automotive and
transportation industries and well known to global automotive OEMs.
KPS, with approximately $11.5 billion of assets under management,
works to advance the strategic position, competitiveness and
profitability of its investments to create world-class,
industry-leading companies. Garrett believes KPS will provide the
strategic and financial support to enable the Company to accelerate
the development of cutting-edge technologies and solutions in
highly engineered turbocharger, electric-boosting and connected
vehicle technologies critical to the automotive industry's future
vehicle development.

The KPS stalking horse transaction agreement is subject to higher
or better offers in the bankruptcy case. Closing of the transaction
is subject to customary regulatory approvals, as well as court
approval and other customary conditions.

Olivier Rabiller, President and Chief Executive Officer of Garrett,
said, "Although the fundamentals of our business are strong and we
have continued to try to develop our business strategy, the
financial strains of the heavy debt load and liabilities we
inherited in the spin-off from Honeywell -- all exacerbated by
COVID-19 - have created a significant long-term burden on our
business."

"This proposed transaction will provide a capital structure and
institutional support to ensure our long-term viability and set the
foundation for the next phase of Garrett's growth. Our goal is to
emerge from this process in early 2021 with a strengthened
financial position, new and supportive ownership, and renewed
energy and resources to continue to provide exceptional service to
our customers, be a strong and reliable partner to our suppliers
and other stakeholders, and act as a stable and desirable employer.
I look forward to continuing to work with Garrett's talented team
and serving our customers with our advanced technologies," Mr.
Rabiller said.

Throughout the process, Garrett expects to operate without
interruption, including providing customers with the same
high-quality products and services they expect and continued
partnerships with its valued suppliers in the ordinary course of
business.

Additional Information on the Proposed Transaction

The Company anticipates emerging from the Chapter 11 and completing
the sale process in early 2021. Upon the closing of the
transaction, Garrett will operate as a private company.

Morgan Stanley & Co. LLC and Perella Weinberg Partners are serving
as financial advisors, Sullivan & Cromwell LLP and Quinn Emanuel
Urquhart & Sullivan LLP are serving as legal advisors, and
AlixPartners are serving as restructuring advisor to Garrett
Motion. UBS Investment Bank and Credit Suisse are serving as
financial advisors and Davis Polk & Wardwell LLP is serving as
legal advisor to KPS.

Court filings and other documents related to the Chapter 11 process
are available at http://www.kccllc.net/garrettmotion or by
calling the Company's claims agent, KCC, at 866-812-2297 (U.S.
toll-free) or +800 3742 6170 (international toll-free) or sending
an email to Garrettinfo@kccllc.com.

                  About KPS Capital Partners, LP

KPS, through its affiliated management entities, is the manager of
the KPS Special Situations Funds, a family of investment funds with
over $11.5 billion of assets under management (as of June 30,
2020). For over two decades, the Partners of KPS have worked
exclusively to realize significant capital appreciation by making
controlling equity investments in manufacturing and industrial
companies across a diverse array of industries, including basic
materials, branded consumer, healthcare and luxury products,
automotive parts, capital equipment and general manufacturing. KPS
creates value for its investors by working constructively with
talented management teams to make businesses better, and generates
investment returns by structurally improving the strategic
position, competitiveness and profitability of its portfolio
companies, rather than primarily relying on financial leverage. The
KPS Funds' portfolio companies have aggregate annual revenues of
approximately $7.7 billion, operate 146 manufacturing facilities in
26 countries, and have approximately 26,000 employees, directly and
through joint ventures worldwide. The KPS investment strategy and
portfolio companies are described in detail at www.kpsfund.com.

                    About Garrett Motion Inc.

Garrett Motion -- http://www.garrettmotion.com/-- is a
differentiated technology leader, serving customers worldwide for
more than 65 years with passenger vehicle, commercial vehicle,
aftermarket replacement and performance enhancement solutions.
Garrett's cutting-edge technology enables vehicles to become safer,
and more connected, efficient and environmentally friendly. Our
portfolio of turbocharging, electric boosting and automotive
software solutions empowers the transportation industry to redefine
and further advance motion.

As reported by the Troubled Company Reporter-Europe on Sept. 8,
2020, S&P Global Ratings lowered its issuer credit ratings and
secured debt ratings on Switzerland-based turbocharger maker
Garrett Motion Inc. to 'B' from 'BB-' and its unsecured debt
ratings to 'CCC+' from 'B'. At the same time, S&P placedd all
ratings on CreditWatch negative.

The announcement of a possible balance sheet restructuring is
unexpected after successful covenant renegotiation and slightly
better-than-expected second-quarter 2020 results. S&P said, "After
Garrett renegotiated a two-year relief period to accommodate spikes
in the tested leverage covenant ratio, suspended indemnity payments
to Honeywell, and posted an acceptable second-quarter performance
in terms of revenue and free operating cash flow (FOCF) loss, we
thought Garrett had so far weathered the unprecedented shock of
auto production standstill caused by the pandemic. This led us to
affirm the rating with a negative outlook in July 2020 despite the
company's high leverage and the uncertain recovery of FOCF, which
are largely volume dependent. The group's announcement of its
intentions to explore alternatives for balance sheet restructuring
was therefore unexpected. The recent share performance indicates a
rights issue as an unlikely scenario in our view, leaving options
on the table that could be detrimental to debtholders. This leads
us to downgrade all ratings by two notches and place them on
CreditWatch with negative implications, pending more clarity on the
group's intentions."


GBT JERSEYCO: S&P Cuts ICR to B on Slow Recovery; Outlook Negative
------------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on GBT JerseyCo
Ltd. to 'B' from 'B+'. The outlook remains negative.

S&P is also assigning its 'B+' issue-level and '2' recovery ratings
to GBT's $400 million incremental senior secured term loan,
lowering the rating agency's issue-level ratings on the company's
$250 million term loan and $50 million revolving credit facility to
'B+' from 'BB', and revising its recovery rating on the credit
facility to '2' from '1', indicating its expectation of substantial
recovery in the event of a default.

On Sept. 4, 2020, GBT Group Services B.V., a subsidiary of GBT
JerseyCo Ltd. (doing business as American Express Global Business
Travel [GBT]), borrowed $400 million through an incremental term
loan. S&P expects GBT will use the money to fund restructuring
expenses and provide liquidity if the pandemic extends distressed
levels of business travel transactions well into 2021.

S&P bases the downgrade on higher-than-expected restructuring costs
and a slower recovery. S&P expects GBT's 2021 leverage will be
higher than previously forecast and free operating cash flow (FOCF)
will remain negative given the rating agency's revised forecast for
a slower recovery for business travel, higher restructuring charges
than what the rating agency previously expected, and additional
interest from the $400 million of incremental debt. Global business
travel transaction volumes remain depressed as countries,
companies, and individuals prioritize personal safety reasons and
limiting the spread of COVID-19 over travel. Companies have imposed
restrictions on employees' nonessential business travel, which S&P
now expects will continue into 2021. A rebound in travel
transaction volumes will likely depend on the widespread
availability of a vaccine. The loss of 2020 EBITDA and cash flow
will likely be substantial, and S&P does not expect travel
management companies (TMCs) such as GBT to return to pre-pandemic
EBITDA levels until 2023. TMCs are affected not only by the overall
decline in travel volumes but also by the loss of top-tier
incentive payments from global distribution systems because of
their inability to deliver sufficient volumes. S&P expects the
recovery of global business travel will lag the recovery of the
leisure travel industry.

S&P expects transaction volumes to remain depressed. GBT's gross
transaction volume was down 94% in second-quarter 2020 from the
prior year, and it has only shown a modest recovery as of August
2020. While S&P had previously assumed GBT's transaction-based
revenue, which accounted for about 80% of 2019 revenue, would
gradually recover in the second half of 2020, the rating agency now
expects the pace of recovery will be even slower. S&P has updated
its 2020 forecast for total revenue to decline about 60% from its
prior assumption of about 50%. S&P believes it will likely take
years for the industry to return to pre-pandemic travel volumes,
and a percentage of business travel volume could be permanently
lost if companies believe videoconferencing, which has grown in
popularity during the pandemic, is an effective substitute for some
business travel."

Cost-reduction initiatives are necessary, but restructuring charges
are significant and depress near-term credit metrics. Travel
management companies have a high percentage of variable staffing
costs, and GBT has implemented cost-reduction strategies to reduce
its primarily labor-driven fixed-cost burden. S&P expects GBT will
achieve more than the $650 million of cost savings it had
previously identified for 2020, with most of those savings
benefiting EBITDA. However, S&P also expects the company to incur
meaningful restructuring charges in the second half of 2020, which
will partially offset the EBITDA benefit. Notwithstanding the cost
cuts, S&P expects significantly negative EBITDA generation and FOCF
in 2020. And while S&P expects GBT's efforts to right-size its cost
base will help realize substantial cost savings in 2021,the rating
agency now expects the slow recovery will cause FOCF to remain
negative and leverage to remain above 10x.

Sponsor equity commitment supports liquidity, though it is likely
to be used in a downside scenario. Pro forma for the incremental
debt issuance, GBT has about $876 million of cash and an undrawn
$50 million revolver. GBT also has commitments from its
shareholders to provide up to $300 million of equity over the next
12 months, which provides an additional liquidity backstop if the
company burns through more cash than expected over the next 12-18
months.

"We do not expect GBT will need to use the equity backstop. Using
it would indicate the company is facing a prolonged downturn
extending into the second half of 2021. We could view a shareholder
equity infusion as debt if we do not view it to be a permanent part
of the capital structure. As such, an equity infusion could result
in higher leverage," S&P said.

An economic recovery may not fully translate into a recovery for
the travel industry. While S&P expects the economy to recover in
the second half of 2020, albeit with significant downside risks,
the timing of a global travel recovery will remain highly uncertain
until a combination of testing and a vaccine to prevent the virus'
spread are widely available. Furthermore, even if government-issued
guidance on containment measures eases, companies may not relax
their travel policies unless they can ensure their employees'
safety. Companies could still use remote meetings to save costs,
and consumers could remain hesitant to travel for nonessential
reasons even after a vaccine is widely available.

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

-- Health and safety

The negative outlook reflects the risk that a prolonged travel
disruption caused by the pandemic could diminish cash balances and
cause GBT's leverage to remain elevated through 2022.

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

-- Global business travel conditions remain near current
distressed levels into the second half of 2021, and S&P expects
negative cash flow to persist into 2022;

-- GBT takes on a significant amount of additional debt to fund
liquidity needs such that S&P expects the company will have
difficulty reducing leverage and generating FOCF to debt in the
mid-single-digit percentage area when travel volumes return; and

-- S&P believes the impact from the pandemic and social distancing
will impair long-term global travel trends.

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

-- The outlook for global travel improves, likely following a
reduction in health and safety risks, such that S&P sees signs of a
recovery in business travel bookings; and

-- S&P expects GBT to consistently generate positive FOCF with
FOCF to debt approaching 5% by the end of 2022.


GEORGIA DIRECT: KT Property Buying MS' Richmond Property for $275K
------------------------------------------------------------------
Georgia Direct Carpet, Inc., Georgia Direct West, LLC, and M3
Holdings, LLC, ask the U.S. Bankruptcy Court for the Sothern
District of Indiana to authorize the private sale of M3's parcel of
real estate commonly known as 406 Commerce Road, Richmond, Indiana,
to KT Property Group, LLC for $275,000.

On July 14, 2020, Georgia Direct asked the Court to approve their
employment of Baumgartner Commercial, Inc. to market and sell three
parcels of real estate.  The Broker has marketed the Real Estate
and has received an offer to purchase the Real Estate for a price
similar to that for which it was listed.

M3 currently owns the Real Estate, which was financed through
3Rivers Credit Union, formerly known as West End Bank, S.B.  As set
forth in Proof of Claim No. 34, the Bank has a lien on the Real
Estate, which lien amount exceeds the Purchase Price for the Real
Estate.  M3 and the Purchaser have executed their proposed Purchase
Agreement.  The Purchaser has agreed to purchase the Real Estate
for $275,000, free and clear of all known liens.   

There is no known relationship between Debtors or any insiders of
the Debtors and the Purchaser either currently or anticipated
following consummation of the sale.

In light of the Bank's lien on the Real Estate, the Purchase Price
will be paid directly to the Bank.  The only material contingency
of the potential sale is approval from the Court.

The Debtors submit that the sale of the Real Estate through the
means of a private sale is an exercise of their sound business
judgment.  They also submit that proceeding with the purchase of
the Real Estate through a private sale is in the best interest of
the estate and its creditors.

                   About Georgia Direct Carpet

Georgia Direct Carpet, Inc., also known as Georgia Carpet Direct,
owns and operates a carpet and flooring store in Richmond, Ind.  It
offers carpets, hardwoods, laminate flooring and ceramic tile floor
products.

Georgia Direct Carpet and its affiliates sought Chapter 11
protection (Bankr. S.D. Ind. Lead Case No. 19-06316) on Aug. 26,
2019.  In the petition signed by Anthony Bledsoe, president,
Georgia Direct Carpet estimated assets and liabilities at $1
million to $10 million.  The Hon. Robyn L. Moberly is the case
judge.

The Debtors tapped Mattingly Burke Cohen & Biederman LLP as their
legal counsel; Mattingly Burke Cohen & Biederman LLP, as special
counsel; and Barron Business Consulting, Inc. as their financial
advisor.

The Office of the U.S. Trustee appointed creditors to serve on the
official committee of unsecured creditors on Oct. 9, 2019.  The
committee is represented by Mercho Caughey.


GEORGIA DIRECT: KT Property Buying MS' Richmond Property for $612K
------------------------------------------------------------------
Georgia Direct Carpet, Inc., Georgia Direct West, LLC and M3
Holdings, LLC, ask the U.S. Bankruptcy Court for the Sothern
District of Indiana to authorize the private sale of M3's parcel of
real estate commonly known as 5200 National Road East, Richmond,
Indiana, to KT Property Group, LLC for $612,000.

On July 14, 2020, Georgia Direct asked the Court to approve their
employment of Baumgartner Commercial, Inc. to market and sell three
parcels of real estate.  The Broker has marketed the Real Estate
and has received an offer to purchase the Real Estate for a price
similar to that for which it was listed.

M3 currently owns the Real Estate, which was financed through
3Rivers Credit Union, formerly known as West End Bank, S.B.  As set
forth in Proof of Claim No. 34, the Bank has a lien on the Real
Estate, which lien amount exceeds the Purchase Price for the Real
Estate.  M3 and the Purchaser have executed their proposed Purchase
Agreement.  

Pursuant to the terms of the Purchase Agreement, the Purchaser may
assign the equitable and transfer rights created by the Purchase
Agreement to an LLC created by the Purchaser.  However, neither the
Debtors nor any insiders of the Debtors would have an interest in
any such entity created by the Purchaser.  The Purchaser has agreed
to purchase the Real Estate $612,000, free and clear of all known
liens.   

There is no known relationship between Debtors or any insiders of
the Debtors and the Purchaser either currently or anticipated
following consummation of the sale.

In light of the Bank's lien on the Real Estate, the Purchase Price
will be paid directly to the Bank.  The only material contingency
of the potential sale is approval from the Court.

The Debtors submit that the sale of the Real Estate through the
means of a private sale is an exercise of their sound business
judgment.  They also submit that proceeding with the purchase of
the Real Estate through a private sale is in the best interest of
the estate and its creditors.

                   About Georgia Direct Carpet

Georgia Direct Carpet, Inc., also known as Georgia Carpet Direct,
owns and operates a carpet and flooring store in Richmond, Ind.  It
offers carpets, hardwoods, laminate flooring and ceramic tile floor
products.

Georgia Direct Carpet and its affiliates sought Chapter 11
protection (Bankr. S.D. Ind. Lead Case No. 19-06316) on Aug. 26,
2019.  In the petition signed by Anthony Bledsoe, president,
Georgia Direct Carpet estimated assets and liabilities at $1
million to $10 million.  The Hon. Robyn L. Moberly is the case
judge.

The Debtors tapped Mattingly Burke Cohen & Biederman LLP as their
legal counsel; Mattingly Burke Cohen & Biederman LLP, as special
counsel; and Barron Business Consulting, Inc. as their financial
advisor.

The Office of the U.S. Trustee appointed creditors to serve on the
official committee of unsecured creditors on Oct. 9, 2019.  The
committee is represented by Mercho Caughey.


GOLDEN HOTEL: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Two affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                      Case No.
    ------                                      --------
    Golden Hotel LLC                            20-12636
    9357 Andulusia Avenue
    Fountain Valley, CA 92708

    Golden Capital Venture LLC                  20-13637
    9357 Andalusia Avenue
    Fountain Valley, CA 92708

Business Description: Golden Hotel is a privately held company in
                      the traveler accommodation industry.  Golden
                      Capital is primarily engaged in renting and
                      leasing real estate properties.

Chapter 11 Petition Date: September 21, 2020

Court: United States Bankruptcy Court
       Central District of California

Judge: Hon.

Debtors' Counsel: Lei Lei wang Ekvall, Esq.
                  SMILEY WANG-EKVALL, LLP
                  3200 Park Center Drive, Suite 250
                  Costa Mesa, CA 92626
                  Tel: (714) 445-1000
                  Fax: (714) 445-1002
                  Email: lekvall@swelawfirm.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petitions were signed by Hieu M. Bui, manager.

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

https://www.pacermonitor.com/view/PV5IHNI/GOLDEN_HOTEL_LLC__cacbke-20-12636__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/PTZJAKY/GOLDEN_CAPITAL_VENTURE_LLC__cacbke-20-12637__0001.0.pdf?mcid=tGE4TAMA

List of Golden Hotel's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Booking.com                                              $6,851
Postbus 1639
1000 BP Amsterdam
The Netherlands

2. Capital One                       Credit Card           $66,680
P.O. Box 60599
City of Industry, CA
91716-0599

3. Chase                             Credit Card           $62,456
P.O. Box 6294
Carol Stream, IL
60197-6294

4. City of Buena Park               Water, tourism          $4,000
6650 Beach                        tax, occupancy tax
Boulevard
Buena Park, CA
90622-5009

5. Code Red Fire, Inc.                                      $8,275
P.O. Box 1552
Montebello, CA 90640

6. Consolidated Elevator                                      $450

Company
964 East Badillo Street
Covina, CA 91724

7. DMV Renewal                                                $872
P.O. Box 942897
Sacramento, CA 94297-0898

8. Ecolab                                                   $1,768
P.O. Box 100512
Pasadena, CA 91189

9. EDCO                               Trash                 $1,200
6762 Stanton Avenue                Collection
Buena Park, CA 90621

10. Live Oak Bank                                         $305,300
1757 Tiburon Drive
Wilmington, NC
28403-6244

11. Manley's Boiler LLC                                       $570
401 S. Grand Avenue
Santa Ana, CA 92705

12. Musicstyling.com                                          $793
Limited Venture Way
Dunston Technology Park
Chesterfield,
Derbyshire, S41 8NE
United Kingdom

13. Oracle America, Inc.                                    $6,432
500 Oracle Parkway
Redwood City, CA94065

14. Ortiz Tree Service                                      $5,075
11191 Montlake Drive
Riverside, CA 92505

15. Radisson Hotels                   Franchise            $62,118
International, Inc.                   Agreement
WF 7073
P.O. Box 1450
Minneapolis, MN 55485-7073

16. Southern California               Utilities            $10,000
Edison
P.O. Box 6400
Rancho
Cucamonga, CA 91729-6400

17. Southern California               Utilities             $1,500
Gas Company
P.O. Box C
Monterey Park, CA 91756

18. Spectrum                       Internet/Cable/          $4,000
P.O. Box 60074                        Telephone
City of Industry, CA
91716-0074

19. Western Exterminator                                    $1,125
P.O. Box 16350
Reading, PA 19612-6350

20. White Nelson Co. LLP                                   $15,905
2875 Michelle Drive
Suite 300
Irvine, CA 92606


GTT COMMUNICATIONS: S&P Retains 'CCC+' ICR on CreditWatch Negative
------------------------------------------------------------------
S&P Global Ratings retained all ratings on U.S.-based internet
protocol (IP) network operator GTT Communications Inc. (GTT),
including the 'CCC+' issuer credit rating, on CreditWatch with
negative implications.

GTT's ratings remain on CreditWatch following the company's
announcement that its bondholders filed a notice of default on
Sept. 2, 2020. The company has until Nov. 1, 2020, to file its
second-quarter 2020 financial statements before it becomes a
default event. Because the ongoing review of the company's second
quarter financial results has revealed other accounting-related
issues, S&P believes it is likely the company will be unable to
file its 10-Q before the bondholder deadline or the Oct. 30, 2020,
lender deadline. Nevertheless, S&P believes lenders may grant GTT
forbearance to prevent an event of default since the company will
likely use proceeds from any potential asset sale to reduce GTT's
substantial debt burden.

"We believe the European terrestrial and subsea transatlantic fiber
assets will carry a high valuation given the growing demand for
data. Fiber, in our view, is the best conduit for transmitting
data," S&P said.

S&P expects to resolve the CreditWatch listing over the next couple
of weeks as more information becomes known about the sale.

"We could lower the ratings by at least one notch if we believe
that GTT is unlikely to sign a definitive agreement to sell these
assets because lenders would be less likely to grant a waiver to
the company for the event of default because of the delayed
filing," S&P said.

"In addition, we could lower the rating if the magnitude of any
restatements cause EBITDA to be substantially lower than our
current expectations, which would lead to higher leverage and a
potential covenant breach," the rating agency said.

Conversely, S&P could affirm its rating on GTT on a definitive
agreement to sell its infrastructure division or if S&P is more
certain the company's EBITDA and cash flow were not materially
affected by the restatement. However, an upgrade is limited by the
uncertainty surrounding internal control deficiencies, which could
result in elevated costs and management resources to remedy if
there are material weaknesses. Any positive rating action would
likely be contingent on the completion of a sale, significant
deleveraging, and clarity regarding the resolution of potential
internal control deficiencies.


HANJIN INTERNATIONAL: S&P Affirms 'CCC+' ICR; Outlook Negative
--------------------------------------------------------------
S&P Global Ratings affirmed its 'CCC+' long-term issuer credit and
'B' issue ratings on U.S.-based hotel company Hanjin International
Corp. (HIC). At the same time, S&P removed the ratings from
CreditWatch, where it had placed them with negative implications on
March 6, 2020, on uncertainty related to refinancing.

S&P will withdraw the 'B' issue rating on HIC's senior secured term
loan ('1' recovery rating) upon full repayment.

HIC's parent and guarantor, Korean Air Lines Co. Ltd. (KAL), has
announced it will provide intercompany loans totaling $950 million
to help HIC repay around US$900 million in debt maturing in
September 2020.

S&P expects HIC to face ongoing severe pressure as the COVID-19
pandemic has disrupted its hotel operations with low prospects of
normalization over the next six to 12 months.

HIC has received financial support from its parent, KAL, to redeem
its significant maturing debt. KAL disclosed on Sept. 17, 2020,
that it will provide a total of US$950 million in intercompany
loans to HIC. The loans have maturities of one to two years and
interest rates of 4.6%. HIC will use the proceeds to repay a US$600
million first-lien term loan B guaranteed by KAL and a US$300
million secured bond guaranteed by the Export-Import Bank of Korea
(KEXIM) and KAL, both issued in 2017 and maturing in September
2020. Despite the difficult operating and funding environment of
the airline industry, KAL maintains close relationships with
Korea's policy banks such as KEXIM and Korea Development Bank
(KDB). For the provision of the intercompany loan to HIC, KAL plans
to receive about $300 million loans from KEXIM and use its
liquidity for the remainder of about $650 million.

HIC is facing ongoing severe pressure as its hotel business (over
80% of 2019 revenue) has been mostly closed since the spread of
COVID-19 in the region. Moreover, given the pressure on the U.S.
travel industry and hotel operators specifically due to COVID-19,
the company faces worse conditions in the U.S. funding market
compared with its previous refinancing in 2017.

HIC has a property asset in a prime location, but earnings will
remain substantially weak over the next six to 12 months. S&P
believes HIC's Wilshire Grand Center (WGC) property in downtown Los
Angeles has a competitive location and value relative to other
properties in the area. It was valued at about US$1.1 billion as of
January 2020. However, the COVID-19 pandemic is substantially
weakening the company's hotel operations and cash flows, as well as
the valuation of the property. S&P expects the ramp-up of HIC's
hotel business--newly opened in late 2017--to be further delayed to
beyond 2022." HIC had expected its profitability to turn around in
2019 but that has been delayed largely due to higher-than-expected
expense burden at the hotel business even before the outbreak.

S&P expects HIC to have significant discretionary cash flow
deficits over the next two to three years. It forecasts the
company's EBITDA to be negative US$15 million-US$30 million in
2020. HIC's EBITDA should modestly recover to US$10 million-US$25
million in 2021-2022 as operations normalize and ramp up again.
Still, this level of earnings will not be sufficient to cover the
company's annual financing cost over the next one to two years. The
company's interest payment in 2019 was US$45.5 million.

HIC's weak capital structure remains a risk. S&P views HIC's debt
level as high for its earnings level. Even after the normalization,
the company's total debt will be several times its revenue. The
rating agency also believes KAL's intercompany loans will only be a
temporary solution. Considering the parent's high leverage and
intercompany loans' short maturities, HIC will ultimately have to
find capital sources from the financing market, which S&P expects
to be volatile over the next six to 12 months.

KAL's liquidity position is still under pressure, somewhat limiting
further support for HIC. KAL's passenger business, accounting for
60%-70% of total revenue, remains mostly suspended (around 80%-90%
of global routes). While S&P expects cost-saving measures and
strong earnings from KAL's cargo business to help offset some of
this pressure, the company's operating performance is still likely
to remain under stress over the next several quarters. In S&P's
view, KAL's fixed cash costs (interest payments, aircraft lease
payments, and some labor costs) and large short-term debt will
continue to pressure its liquidity position over the next 12-18
months." That said, KAL has good relationships with Korea's policy
banks, as evident from the policy banks' additional lending to KAL
recently and the strong track record of global bond issuances
guaranteed by the banks. The company raised Korean won (KRW) 1.1
trillion equity in July and is in talks to sell its in-flight
catering and duty free business to secure liquidity.

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

-- Health and safety

The negative outlook on HIC reflects the continued narrow buffer in
its financial metrics due to high debt and weak cash flows.
Although the company is benefiting from its new hotel building's
competitive location and ongoing support from its parent, its very
high leverage weighs on its financials and liquidity. Furthermore,
high uncertainty remains over recovery prospects of the hotel
industry from COVID-19 disruptions in the U.S.

S&P may lower the rating if HIC continues to face significant
liquidity pressure as a result of weaker-than-expected office
rentals, hotel room rates, occupancy rates, and expense control.

"We may also lower the rating if we see the likelihood of support
from KAL weakening. This could happen if we see KAL's capital
structure and liquidity deteriorating further, potentially due to
longer and worse-than-expected COVID-19 effects. This could also
happen if HIC's relationship with KAL weakens significantly," S&P
said.

"We may revise the outlook back to stable if HIC successfully
stabilizes its operations and improves its capital structure by
deleveraging and restructuring debt to lengthen maturities," the
rating agency said.


HARTSHORNE HOLDINGS: Court Approves Hourly Fee of $905 for CRO
--------------------------------------------------------------
Hartshorne Holdings, LLC and its affiliates received approval from
the U.S. Bankruptcy Court for the Western District of Kentucky to
pay their chief restructuring officer at his current hourly rate of
$905 instead of the monthly advisory fee of $140,000 that was
previously approved by the court.

Debtors said it is appropriate to reduce the compensation paid to
their CRO, Bertrand Troiano of FTI Consulting, Inc., in light of
the wind-down of their businesses.

Mr. Troiano is anticipated to spend at least 20 hours per week.

                     About Hartshorne Holdings

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

On Feb. 20, 2020, Hartshorne Holdings, LLC and three affiliates
sought Chapter 11 bankruptcy protection (Bankr. W.D. Ky. Lead Case
No. 20-40133).  At the time of the filing, Debtor disclosed assets
of between $50 million and $100 million and liabilities of the same
range.

Judge Thomas H. Fulton oversees the cases.

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

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on March 10, 2020. The committee is represented by
Dentons Bingham Greenebaum LLP and Whiteford Taylor Preston, LLP.
B. Riley FBR, Inc. is the committee's financial advisor.


HOLDENVILLE PUBLIC WORKS: S&P Cuts Bond Rating to 'BB'
------------------------------------------------------
S&P Global Ratings lowered its long-term rating to 'BB' from 'BB+'
on Holdenville Public Works Authority (HPWA), Okla.'s series 2017A
and 2017B sales tax revenue refunding bonds. At the same time, S&P
Global Ratings  placed its 'BB' long-term rating on HPWA's series
2017A and 2017B sales tax revenue refunding bonds on CreditWatch
with negative implications due to lack of information related to
funding capital and cash flow needs, as well as the current
unrestricted cash position.

"The lowered rating reflects our view of the authority's capacity
to fund future capital needs, which has been pressured by weakened
financial performance in 2019 resulting from substantial increases
in operating expenses," said S&P Global Ratings credit analyst John
Schulz.

The 2019 unrestricted cash was stabilized by reimbursements from
restricted cash, as net operations excluding sales tax was
insufficient to meet operational expenses. Sales tax transfers have
been required to meet debt service obligations annually and have
been increasing in magnitude, demonstrating the degree of
operational stress. The utility has been increasing reliance on
sales tax over the last four fiscal years to pay debt service,
which, coupled with recessionary pressures, has heightened the
credit risk.

The CreditWatch negative reflects the fact that S&P will withdraw
the rating for lack of information if it does not receive
information related to the authority's current cash flow and
liquidity positions within 30 days. Without this information, S&P
will no longer be able to assess the authority's ability to meet
future capital, financial, and operational demands. S&P has
requested, but has not yet received, this cash flow and liquidity
information from the authority. If the authority provides S&P with
the requested information within 30 days, the rating agency will
conduct a full review and take a rating action within 90 days of
the CreditWatch placement.


HUNTS POINT: Seeks to Hire Morrison Tenenbaum as Counsel
--------------------------------------------------------
Hunts Point Enterprises, LLC, f/k/a BKD Holdings, LLC, and
Featherstone Distribution, LLC, seek approval from the United
States Bankruptcy Court for the Eastern District of New York to
hire Morrison Tenenbaum, PLLC as its counsel, effective as of June
24, 2020.

The firm will render these legal services:

     (a) advise Debtor with respect to its powers and duties in the
management of its estate;

     (b) assist in any amendments of schedules and other financial
disclosures and in the preparation, review or amendment of a
disclosure statement and plan of reorganization;

     (c) negotiate with creditors and take the necessary legal
steps to confirm and consummate a plan of reorganization;

     (d) prepare legal papers;

     (e) appear before the bankruptcy court; and

     (f) perform all other legal services for Debtor necessary for
an effective reorganization.

The firm's hourly billing rates are as follows:

     Lawrence F. Morrison         $525
     Brian J. Hufnagel            $425
     Associates                   $380
     Paraprofessionals            $200

The firm will also seek reimbursement for all out-of-pocket
expenses incurred.

On June 25, 2020, the firm received $12,000 as an initial retainer
fee from Debtor.

Lawrence Morrison, Esq., at Morrison Tenenbaum, disclosed in court
filings that the firm is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:
   
     Lawrence F. Morrison, Esq.
     Brian J. Hufnagel, Esq.
     Morrison Tenenbaum PLLC
     87 Walker Street, Floor 2
     New York, NY 10013
     Telephone: (212) 620-0938
     Email: lmorrison@m-t-law.com
            bjhufnagel@m-t-law.com

                  About Hunts Point Enterprises

Hunts Point Enterprises, LLC f/k/a BKD Holdings, LLC filed a
voluntary petition under chapter 11 of the Bankruptcy Code (Bankr.
E.D.N.Y. Case No. 20-42393) on June 24, 2020. On July 20, 2020,
Featherstone Distribution, LLC filed a voluntary petition under
chapter 11 of Bankruptcy Code (Bankr. E.D.N.Y. Case No. Case No.
20-42673). On August 6, 2020, this Court entered an order granting
the Debtor’s Motion for
Joint Administration of the Debtor’s bankruptcy cases. The Debtor
failed to include in the petition a list of its 20 largest
unsecured creditors.

The Debtors disclosed an estimated assets of $100,000 to $500,000
and $100,000 to $500,000 in liabilities.

The case is assigned to Judge Carla E. Craig. Lawrence F. Morrison,
Esq. at MORRISON TENENBAUM PLLC represents the Debtor as counsel.


HYLAND SOFTWARE: S&P Affirms 'B-' ICR on Alfresco Acquisition
-------------------------------------------------------------
S&P Global Ratings affirmed all of its ratings on Hyland Software
Inc., including its 'B-' issuer credit rating.

The stable outlook reflects S&P's expectation that the company's
cost-cutting efforts will lead to an improvement in its EBITDA
margins following the initial contraction and reduce its leverage
toward the low- to mid-7x range by the end of 2021.

Hyland Software Inc., a U.S.-based developer of content services
platform (CSP) software, is acquiring Alfresco Software. The
company expects to fund the acquisition with an incremental $663
million first-lien term loan and $13 million of cash, which will
cause its pro forma adjusted leverage to increase to about 8.3x as
of June 30, 2020.

The affirmation reflects S&P's expectation that Hyland's
debt-funded acquisition of Alfresco will temporarily increase its
pro forma leverage to the low-8x area as of June 30, 2020. While
the re-leveraging transaction reflects the company's high risk
tolerance, Hyland has demonstrated its ability to realize cost
savings without sacrificing growth through its previous
acquisitions, including OneContent and Perceptive.

S&P expects the company's revenue to increase by the
mid-single-digit percent area and anticipate it will achieve its
targeted cost savings from the integration of Alfresco, which will
lead to an improvement in its credit metrics over the next 12
months (including leverage declining to the low- to mid-7x range by
the end of 2021). In addition, we expect Hyland's free operating
cash flow (FOCF)-to-debt ratio to remain above 4% over the next 12
months and forecast it will generate FOCF of $110 million-$115
million in 2020 and $150 million-$160 million in 2021 as it
achieves its cost control targets.

Alfresco Software offers CSP solutions to several end markets,
including the government, manufacturing, and insurance and
financial services industries. Alfresco is a direct competitor to
Hyland, though it operates at a much smaller scale and with a lower
EBITDA margin in the high-teens percent area, which compares with
Hyland's 37% margin as of the 12 months ended June 30, 2020.

"We believe there is a fairly large cost optimization opportunity
at Alfresco given its inflated cost structure. We expect Hyland to
realize most of its cost savings plan through 2021. Furthermore,
the addition of Alfresco will expand Hyland's partner ecosystem
while providing it with additional cross-selling opportunities and
further geographic diversity," S&P said.

The CSP industry is large and expanding because companies and
governments continue to increase their spending on the digitization
of their content. Hyland's solutions provide the infrastructure for
its clients to store and share content, which creates highly sticky
customer relationships. Recurring revenue accounts for about 70% of
the company's total revenue, which is up from 60% a few years ago
as it has experienced rapid growth in its cloud-based offerings.
S&P expects the increased adoption of content digitization will
lead more clients to prefer the agility and scalability provided by
cloud solutions, which will reinforce Hyland's prospects for
expanding its recurring revenue base. Health care is the company's
largest end-market segment as it derives about 40% of its revenue
from this industry. While the pace of cloud migration in this
market has been slow, the transition to cloud-based electronic
health records could bring additional opportunities for the company
to cross-sell its own cloud solutions.

S&P expects Hyland's organic revenue to increase by the mid-single
digit percent area over the coming year on new account wins,
primarily in cloud, coupled with a slower rise in its maintenance
revenue, which will be partially offset by a decline in its
perpetual licenses. S&P expects the company's EBITDA margins to
decline to about 36% initially due to the inclusion of the
lower-margin Alfresco business. However, the rating agency
forecasts Hyland's margins will rise to the 38% area in the latter
part of 2021.

"Our rating on Hyland also reflects its financial policy because we
believe the company will likely undertake further debt-financed
dividends or acquisitions if its leverage falls below 7x," S&P
said.

The stable outlook reflects S&P's expectation that the smooth
integration of Alfresco and management's cost-cutting efforts will
lead Hyland's EBITDA margins to improve following an initial
contraction and reduce its leverage toward the low- to mid-7x range
by the end of 2021. S&P also expects the company to maintain a
FOCF-to-debt ratio in the mid-single digit percent area for the
next 12 months.

"We could lower our rating on Hyland over the next 12 months if its
renewal rates decline or its integration of Alfresco proves
unsuccessful, leading to higher churn and breakeven FOCF. Under
such a scenario, we anticipate that the company's liquidity would
become pressured, increasing its reliance on its revolver," S&P
said, adding that elevated competition or a lack of continued
investment could also lead to a deterioration in customer
satisfaction and higher churn.

"It is unlikely that we will upgrade Hyland over the next 12 months
because of its high risk tolerance. However, we could raise our
rating on the company if we expect it to maintain leverage of less
than 7x and a FOCF-to-debt ratio of more than 5%. This could occur
if Hyland reports better-than-expected revenue growth or we no
longer expect it to undertake large debt-financed acquisitions or
dividends," the rating agency said.


JIMMY LEE THRASH: Rep Selling Pearl Property for $6 Per Sq. Ft.
---------------------------------------------------------------
Chandy Lee, the designated representative of Jimmy Lee Thrash, asks
the U.S. Bankruptcy Court for the Southern District of Mississippi
to authorize the sale of approximately 2.4 acres of
commercial-property located in Pearl, Mississippi to Upshaw
Enterprises, Inc. for $6 per square foot.

Subsequent to the filing of the Petition, and prior to taking such
action as necessary to dispose of the assets in the case that were
to be liquidated, the Debtor passed away on Feb. 15, 2020.  The
Movant is the duly authorized representative of the Chapter 11
estate of the Debtor.

In the exercise of the Movant's best business judgment, the Movant
has made the decision to liquidate certain real property in an
effort to generate cash to pay the indebtedness of creditors.  The
decision to liquidate the Property is in the best interest of all
creditors and parties in interest.

The Movant and the Purchaser have executed their Agreement for the
Sale and Purchase of Real Property.  The purchase price of the
Property is $6 per square foot, to be determined by a survey
mutually satisfactory to both the Movant and Seller.  The survey is
expected to cost $3,500.  Neither the Movant nor the Purchaser
desire to spend that sum of money to engage a surveyor until they
are both sure the Court has approved the Motion.

For purposes of the Motion, the Movant estimates that on the "low
side," the survey will produce a survey representing 2.2 acres or
95,832 square feet.  That would result in a gross sales price to
the estate of $574,992.  On the "high side," the Movant believes
that the survey will yield property to be sold of 2.4 acres or
104,544 square feet.  That would result in a gross sales price of
$627,264.
The tax assessor reflects that the acreage involved in this
particular tract is 4 acres.  The Debtor sold approximately 1.6
acres to the Bumham party so 2.4 acres should be closer to what the
actual survey will yield as opposed to the 2.2 acres.  However, to
be on the safe side, the Movant projects that the survey will yield
2.2 acres or 95,832 square feet of real estate to be sold.  It is
the fair market value of the Property.

The ad valorem taxes will be prorated at closing on the real
property from Jan. 1, 2020, to the date of closing.  

The Movant proposes to sell the Property free and clear of liens,
claims and security interests with the exception of ad valorem tax
claims which will be prorated from Jan. 1, 2020, to the date of
closing, and paid at closing, with all valid liens and claims to
attach to the sales proceeds.

The first, and only, consensual lien is held by Bank of Morton.
However, the increased amount of fees due to the Office of the
United States Trustee will also be deducted from the gross sales
price and paid to the U.S. Trustee.  Upon closing, all funds from
the closing, less ad valorem real estate taxes and closing costs,
will be paid directly to the Bank of Morton who, as noted, holds a
deed of trust on the property in the amount of approximately
$632,000 (less than the purchase price).

The Movant asks that she be authorized to execute the deed of
transfer and sale of the Property to the Purchaser on behalf of the
bankruptcy estate.

A copy of the Agreement is available at
https://tinyurl.com/yxmk6d4f from PacerMonitor.com free of charge.

Jimmy Lee Thrash sought Chapter 11 protection (Bankr. S.D. Miss.
Case No. 15-02421) on Aug. 5, 2015.


KB US HOLDINGS: Oct. 13 Auction of Substantially All Assets Set
---------------------------------------------------------------
Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York authorized the bidding procedures proposed by
KB US Holdings, Inc., and affiliates in connection with the sale of
substantially all assets to TLI Bedrock, LLC for approximately $75
million, subject to overbid.

The Debtors' entry into and performance under the Stalking Horse
Purchase Agreement is approved.  The Stalking Horse Bidder will be
deemed a Qualified Bidder, and the bid of the Stalking Horse Bidder
contemplated by the Stalking Horse Purchase Agreement will be
deemed a Qualified Bid.

The Debtors are authorized to pay the Termination Fee and
Negotiated Expense Amount, subject to the terms and limitations of
the Stalking Horse Purchase Agreement.  To the extent payable
subject to such terms and limitations, the Termination Fee and
Negotiated Expense Amount will constitute a first-priority
administrative expense of the Debtors and will be paid within two
days of the Sale Closing from the proceeds of any Sale with a party
other than the Stalking Horse Bidder in connection with the
Acquired Assets, and without need of further order or application
to the Bankruptcy Court.  No other termination payments are
authorized or permitted under the Order.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline:  Oct. 9, 2020, at 12:00 p.m. (ET)

     b. Initial Bid: A monetary value greater than the sum of (i)
the Purchase Price set forth in the Stalking Horse Purchase
Agreement, (ii) the Termination Fee, and (iii) $500,000

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

     d. Auction: The Auction, if any, will take place at 10:00 a.m.
(ET) on Oct. 13, 2020, at the offices of Proskauer Rose LLP, Eleven
Times Square, New York, New York 10036, or at such other venue (or
by such other medium) as may be agreed to by the Debtors and the
Consultation Parties, or such later date and time as selected by
the Debtors after consultation with the Consultation Parties.

     e. Bid Increments: $500,000

     f. Sale Hearing: In accordance with the Bidding Procedures,
if: (a) the Stalking Horse Bid is the only Qualified Bid received
by the Debtors in respect of the Assets by the Bid Deadline, the
Sale Hearing for the Assets will be held before the Court on Oct.
13, 2020, at 10:00 a.m. (ET); or (b) if a Qualified Bid other than
the Stalking Horse Bid is received by the Debtors in respect of the
Assets by the Bid Deadline, the Sale Hearing for the Assets will be
held on Oct. 15, 2020, at 10:00 a.m. (ET).

     g. Sale Objection Deadline: (i) Oct. 9, 2020, at 12:00 p.m.
(ET) if the Sale Objection is with respect to the sale of the
Acquired Assets to the Stalking Horse Bidder pursuant to the
Stalking Horse Purchase Agreement; or (ii) on or before the date
and time of the Sale Hearing, if the Sale Objection is with respect
to the Successful Bidder(s) other than the Stalking Horse Bidder  

     h. Any Qualified Bidder that has a valid and perfected lien on
any Assets and the right to credit bid claims secured by such liens
will have the right to credit bid all or a portion of such Secured
Creditor's secured claims.

The form of Sale Notice is approved.  Within two business days
after the entry of this Order, the Debtors will serve the Order,
the Bidding Procedures, and Sale Notice upon the entities on the
Master Service List, the Sale Notice Parties, and any party that
has requested notice pursuant to Bankruptcy Rule 2002.

The Debtors will provide to requesting Contract Counterparties, and
their counsel, via email the Adequate Assurance Information (a)
with respect to the Stalking Horse Bidder on Sept. 18, 2020, at
4:00 p.m. (ET), and (b) with respect to the Bidders, other than the
Stalking Horse Bidder, on Oct. 9, 2020, at 4:00 p.m. (ET).   

Within one calendar day after the conclusion of the Auction (or as
soon as reasonably practicable thereafter), the Debtors will file
with the Court and serve on the Sale Notice Parties, and cause to
be published on the Noticing Agent's website, the Notice of Auction
Results.

The form of the Cure Notice is approved.  On Sept. 18, 2020, the
Debtors will file with the Court and serve and upon the Contract
Counterparty's counsel of record (if known), the Cure Notice on all
Contract Counterparties, and post the Cure Notice to the website of
the Noticing Agent (https://cases.primeclerk.com/KB).  The Cure
Objection Deadline is Oct. 2, 2020, at 4:00 p.m. (ET).

Notwithstanding the possible applicability of Bankruptcy Rules
6004(h), 6006(d), 7062, or 9014, or any applicable provisions of
the Bankruptcy Rules or the Local Rules or otherwise stating the
contrary, the terms and conditions of the Order are immediately
effective and enforceable upon its entry, and any applicable stay
of the effectiveness and enforceability of the Order is waived.

A copy of the Agreement and the Bidding Procedures is available at
https://tinyurl.com/y5c9cmcw from PacerMonitor.com free of charge.

                      About KB US Holdings

KB US Holdings, Inc., is the parent company of King Food Markets
and Balducci's Food Lover's Market.  Headquartered in Parsippany,
N.J., Kings Food Markets has been a specialty and gourmet food
market across the East Coast.  In 2009, Kings Food Markets acquired
specialty gourmet retail grocer, Balducci's Food Lover's Market.
As of the petition date, the Debtors operate 35 supermarkets across
New York, New Jersey, Connecticut, Virginia, and Maryland.

KB US Holdings and its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 20-22962)
on Aug. 23, 2020.  At the time of the filing, Debtors disclosed
assets of between $100 million and $500 million and liabilities of
the same range.

Judge Sean H. Lane oversees the cases.

The Debtors tapped Proskauer Rose LLP as their legal counsel, Peter
J. Solomon as investment banker, Ankura Consulting Group LLC as
financial advisor, and Prime Clerk LLC as claims, noticing and
solicitation agent.


KHAN AVIATION: Trustee Selling Scottsdale Property for $850K
------------------------------------------------------------
Kelly M. Hagan, the Chapter 11 trustee for Khan Aviation, Inc. and
its affiliates, asks the U.S. Bankruptcy Court for the Western
District of Michigan to authorize the sale of the real estate
located in the City of Scottsdale, County of Maricopa, State of
Arizona, more particularly described as Unit 101 of McDowell
Mountain Business Park I Condominiums, together with the undivided
interest in and to the common elements appurtenant to said unit;
all set forth in the Amended and Restated Condominium Declaration
recorded June 15, 2004 at recorders No. 2004-0672810, and on Plat
recorded in the office of the Maricopa County Recorder in Book 612
of Maps, Page 36, to Desert Auto Properties, LLC and/or nominee for
$850,000, subject to higher and better offers.

Among the assets of the estate is the Property.  With the exception
of funds on deposit at a financial institution, the Property is the
only asset of the Debtor.

It is encumbered by a Deed of Trust granted in favor of
Commonwealth Land Title Insurance Co. for the benefit of KeyBank
National Association dated July 19, 2019 securing obligations in
the approximate amount of $1.5 million.  The Deed of Trust is in
dispute and is subject to an adversary proceeding being prosecuted
by the Trustee, being Adversary Proceeding 19-80119-swd .  The
Adversary Proceeding asserts that the Deed of Trust should be
voided on various grounds.  The Granting of the Deed of Trust was
done within the 90 days of the Petition Date to secure obligations
of separate entities referred to as the Interlogic Borrowers.  

The Property may also encumbered by real estate taxes owed to
Maricopa County, Arizona.

The Trustee has hired Colliers International, subject to Court
approval,to assist in the sale of the  Property.  Prior to the
Petition Date, Colliers International had the Property listed for
sale at $1.04 million.  The Trustee had previously entered into a
purchase agreement for the Property in the amount of $950,000,
however, the buyer backed out of the deal citing implications of
the Covid-19 pandemic.    

The Trustee has now accepted an offer for the Property in the
amount of $850,000 pursuant to the Real Estate Purchase Contract.
The transfer of the Property will be "as is, where is" and free and
clear of all liens, interests and encumbrances.

KeyBank consents to the sale set forth in the Motion.  In addition,
the Deed of Trust is in a bonafide dispute as set forth in the
Adversary.  The secured claims of Maricopa County and any unpaid
condominium dues/assessments will be paid in full at closing.

The Trustee asks approval for the payment of ordinary closing costs
including transfer taxes, title insurance premium, prorated real
property taxes and water bills etc.  All valid liens, interests and
encumbrances attaching to the Property will attach to the net
proceeds from the sale of the Property.  The Trustee will not
utilize the net proceeds from the sale without the consent of
KeyBank or further order of the Court.

The sale is subject to bankruptcy Court approval and any better
offers submitted to the Trustee up until the deadline to object to
this sale.  Better offers may be submitted to Kevin M. Smith,
attorney for the bankruptcy estate by mail or email at
ksmith@bbssplc.com.  In the event that there are competing bidders,
the Trustee will establish bidding procedures to obtain the highest
purchase price.  

The Trustee also asks the approval of the Broker's commission.  The
Broker's commission is 6% of the gross sales price.  The Trustee
asks the Court's approval to pay the Broker's commission at
closing, provided the Broker's employment has been approved by the
Court.

After the payment of all undisputed liens, closing costs, transfer
taxes, tax prorations, Broker's Commission and the like, the sale
proceeds will be held by the Trustee subject to a determination of
the validity and extent of the attachment of the Deed of Trust to
the Property and its proceeds.

Finally, the Trustee asks a waiver of the 14-day stay period set
forth in Federal Rules of Bankruptcy Procedure, Rule 6004(h).

A copy of the Agreement is available at
https://tinyurl.com/y3lxts3s from PacerMonitor.com free of charge.

                      About Khan Aviation

Khan Aviation, Inc. and its affiliates, GN Investments LLC, KRW
Investments Inc., NJ Realty LLC, NAK Holdings LLC, and Sarah Air
LLC sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Mich. Case Nos. 19-04261, 19-04262, 19-04264,
19-04266, 19-04267 and 19-04268) on Oct. 8, 2019.

The cases are jointly administered with that of Najeeb Ahmed Khan
(Bankr. W.D. Mich. Case No. 19-04258), which is the lead case.
Judge Scott W. Dales presides over the cases.   

The Debtors are represented by Robert F. Wardrop, II, Esq., at
Wardrop & Wardrop, P.C.

Kelly Hagan was appointed as Chapter 11 trustee for the Debtors'
bankruptcy estates.  The trustee is represented by Hagan Law
Offices, PLC.

At the time of the filing, the Debtors' estimated assets and
liabilities are as follows:

  Debtors                 Assets               Liabilities
  -------           --------------------   ----------------------

  Khan Aviation      $1-mil. to $10-mil.      $1-mil. to $10-mil.
  GN Investments     $1-mil. to $10-mil.   $100-mil. to $500-mil.
  KRW Investments   $10-mil. to $50-mil.   $100-mil. to $500-mil.
  NJ Realty          $1-mil. to $10-mil.   $100-mil. to $500-mil.
  NAK Holdings       $1-mil. to $10-mil.   $100-mil. to $500-mil.
  Sarah Air          $500,000 to $1-mil.   $100-mil. to $500-mil.


KINTARA THERAPEUTICS: Incurs $9.1 Million Net Loss in Fiscal 2020
-----------------------------------------------------------------
Kintara Therapeutics, Inc., filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$9.13 million for the year ended June 30, 2020, compared to a net
loss of $8.05 million for the year ended June 30, 2019.

As of June 30, 2020, the Company had $2.94 million in total assets,
$2.67 million in total liabilities, and $263,214 in total
stockholders' equity.

For the year ended June 30, 2020, the Company reported a negative
cash flow from operations of $7,927,516.  The Company had an
accumulated deficit of $69,721,233 as of June 30, 2020.  As of June
30, 2020, the Company has cash and cash equivalents on hand of
$2,392,402.  The Company is in the clinical stage and has not
generated any revenues to-date.  The Company does not have the
prospect of achieving revenues until such time that its product
candidates are commercialized, or partnered, which may not ever
occur.  In the future, the Company will require additional funding
to maintain its clinical trials, research and development projects,
and for general operations.  The Company may tailor its drug
development programs based on the amount of funding the Company is
able to raise in the future.  The Company said these circumstances
had indicated substantial doubt existed about its  ability to
continue as a going concern.

"Subsequent to June 30, 2020, the Company completed a private
placement in three closings for gross proceeds of approximately $25
million, or net proceeds of approximately $21.7 million.  The
Company believes that based on its current estimates, the cash on
hand at June 30, 2020 of $2,392,402 and the proceeds from the
private placement, will be sufficient to fund its planned
operations beyond the next year from the date these consolidated
financial statements are issued.  As a result, substantial doubt
about the Company's ability to continue as a going concern has been
alleviated.  However, the coronavirus pandemic has created
significant economic uncertainty and volatility in the credit and
capital markets.  The ultimate impact of the COVID-19 pandemic on
the Company's ability to raise additional capital in the future is
unknown and will depend on future developments, which are highly
uncertain and cannot be predicted with confidence, including the
duration of the COVID-19 outbreak and any new information which may
emerge concerning the severity of the COVID-19 pandemic," the
Company stated in the Report.

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

https://www.sec.gov/Archives/edgar/data/1498382/000156459020044019/ktra-10k_20200630.htm

                         About Kintara

Located in San Diego, California, Kintara (formerly DelMar
Pharmaceuticals) is dedicated to the development of novel cancer
therapies for patients with unmet medical needs.  Kintara is
developing two late-stage, Phase 3-ready therapeutics for clear
unmet medical needs with reduced risk development programs.  The
two programs are VAL-083 for GBM and REM-001 for CMBC.


LATTICE SEMICONDUCTOR: S&P Upgrades ICR to 'BB-'; Outlook Stable
----------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on U.S.-based
provider of low-power programmable logic devices Lattice
Semiconductor Corp. to 'BB-' from 'B+' and its issue-level rating
on the company's senior secured debt to 'BB' from 'B+' based on a
recovery rating of '2'.

S&P expects steady operating performance and positive free
operating cash flow (FOCF) generation to support low leverage in
2020. Despite the uncertain macroeconomic environment, Lattice has
continued to perform steadily in 2020 with stable revenues and
EBITDA margins remaining around 30%. This has supported positive
FOCF of more than $25 million in the first half of the year, which
the company has largely used to repay $26.3 million of its senior
secured term loan, about $17.5 million of which are voluntary
prepayments. This has helped the company maintain leverage below 2x
despite a preemptive $50 million drawdown on its revolving credit
facility (RCF) in the first quarter of the year for liquidity
purposes. S&P believes that the company will maintain leverage
below 2x over the next 12 months, which the rating agency considers
to be in line with a 'BB-' rating, due to ongoing positive FOCF
generation and a relatively conservative financial policy that
includes a maximum 2x leverage target as defined under its credit
agreement.

"Our adjusted debt, operating cash flow, and EBITDA include
standard adjustments for operating leases and share-based
compensation. We do not net accessible cash from our debt figures,"
S&P said.

Positive FOCFs are supported by a modest cash interest burden. As a
result of the debt refinancing in 2019 and debt prepayments since
then, S&P expects Lattice to reduce its cash interest burden to $4
million-$6 million in 2020 from about $21 million in 2018. S&P
expects this to support FOCF generation of about $60 million in
2020 and $75 million-$85 million in 2021. The rating agency
believes this provides the capacity for the company to undertake
moderate share repurchases and repay the $50 million balance on its
RCF, without materially affecting its liquidity position.

Robust computing and communication demand in 2020 is being offset
by weaker industrial and automotive markets, while efficiency
improvements are being offset by product investments. S&P's
expectation of generally stable revenues in 2020 reflects growth in
the computing and communications end-markets (about 41% of
revenues) from higher server attach rates and ASPs, and early 5G
deployments in Asia being largely offset by the weaker activity in
the automotive, industrial, and consumer end markets from the weak
global economic environment and COVID-19 containment measures. S&P
expects the company to return to growth in 2021 with continued
growth in the computing and communications end markets, and a
gradual normalization of operating conditions in the industrial and
automotive end markets.

S&P expects EBITDA margins to be stable supported by cost and
pricing optimization initiatives that are somewhat offset by
greater research and development spending on new products including
software solutions.

"The stable outlook reflects our expectation that Lattice will
maintain EBITDA margins near 30% in 2020 and 2021 supported by
continued efforts to optimize costs and increase average selling
prices," S&P said.

"In addition, we expect a return to revenue growth in 2021 from
5G-related spending, continued strength in Server and Client
Computing applications, and a more normalized operating
environment, with leverage remaining below 2x for the next 12
months," the rating agency said.

S&P could raise its rating if:

-- S&P expects Lattice to continue to prepay debt or improve
EBITDA margins such that it maintains leverage below 1x and FOCF to
debt above 40% on a sustained basis, with these metrics being
supported by the company's financial policy after considering share
buybacks or potential acquisitions; or

-- Lattice gains significant scale and end market diversification,
leading S&P to believe its credit metrics would be less exposed to
industry cyclicality.

S&P could lower its rating if:

-- A worse-than-expected macroeconomic environment or increased
competitive pressures lead to sustained revenue declines and weaker
EBITDA margins such that leverage is expected to stay above 3x; or

-- Lattice adopts a more aggressive financial policy in line with
leverage above 3x, including large debt-funded acquisitions or
shareholder distributions.


LEB HOLDINGS: Moody's Rates New $405MM Term Loan B 'B2'
-------------------------------------------------------
Moody's Investors Service assigned a B3 rating to the prospective
$405 million term loan B of LEB Holdings (USA), Inc. (aka Barrette
Outdoor Living). In addition, Moody's assigned a B2 corporate
family rating and a B2-PD probability of default rating to
Barrette. The outlook is stable.

The proceeds from the term loan will be used in conjunction with
$297 million of cash equity from sponsors, TorQuest Partners and
Caisse de Dépôt et Placement du Québec, and $57 million of
management and existing ownership rollover equity to acquire
Barrette Outdoor Living for a total purchase price of $759 million.
The company is also entering into a $75 million asset-based
revolving credit facility due 2025 which will be unrated. This is
the first time Moody's has assigned ratings to Barrette.

Assignments:

Issuer: LEB Holdings (USA), Inc.

Corporate Family Rating, Assigned B2

Probability of Default Rating, Assigned B2-PD

$405 million Senior Secured Term Loan due 2027, Assigned B3 (LGD4)

Outlook Actions:

Issuer: LEB Holdings (USA), Inc.

Outlook, Assigned Stable

RATINGS RATIONALE

Barrette Outdoor Living's B2 corporate family rating reflects
favorable fundamentals that support investment in home improvement,
including the desire to increase home values. Moody's expects the
overall building products sector to continue to benefit from a
shift in consumers' discretionary spending to home improvement over
the next twelve months as many employees continue to regularly work
from home as a result of the coronavirus pandemic. Approximately
85% of Barrette's revenues are derived from the repair and remodel
segment, where demand tends to be less volatile through market
cycles as compared with new housing construction. The rating also
reflects solid credit metrics, including pro forma adjusted
Debt/EBITDA of 4.6x and adjusted EBITA/Interest Expense of 3.6x for
the twelve-month period ended June 30, 2020.

These factors are counterbalanced by the company's reliance on The
Home Depot and Lowe's, which collectively represent just under half
of the company's revenues. While Barrette holds a dominant market
position in Home Depot and Lowe's, these retailers are high-volume
purchasers with strong bargaining power, which could negatively
impact the company's sales volumes or margins. Moody's ratings also
consider Barrette's exposure to new housing construction, where
demand tends to be more volatile through cycles.

Barrette's liquidity is expected to be good over the next 12 to 18
months and considers the company's positive free cash flow of
approximately $32 million in 2021. Liquidity is supported by a new
$75 million asset-based revolver due in 2025 that will be undrawn
at the close of the transaction. The revolver is subject to a 1.0x
springing fixed charge covenant that is tested when availability
falls below the greater of 10% or $7.5 million, which Moody's does
not expect the company to trigger over the next 12-18 months.
Alternative sources of liquidity are limited as the majority of the
company's assets are encumbered by secured debt.

Moody's expects Barrette to maintain a measured approach to its
financial policy and not aggressively increase leverage. The
company is not expected to pay out a regular distribution to its
equity sponsors, with excess capital likely reinvested back into
the business or used for future tack-on acquisitions.

The stable outlook reflects Moody's expectations of stable demand
within the repair and remodel segment of housing as well as
Barrette's maintenance of good liquidity.

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

The ratings could be upgraded should adjusted debt to EBITDA be
maintained below 5.0x and EBITA to interest coverage is maintained
above 3.0x while maintaining good liquidity. A ratings upgrade
would also be predicated on an increase in scale, while reducing
the company's concentration with The Home Depot and Lowe's. Stable
end market conditions would also be an important consideration for
a ratings upgrade.

Ratings could be downgraded if adjusted debt-to-EBITDA approaches
6.0x, interest coverage declines below 2.0x, the company's
financial strategy becomes aggressive or liquidity deteriorates.

The principal methodology used in these ratings was Manufacturing
Methodology published in March 2020.

Barrette Outdoor Living, headquartered in Ohio, is a leading
manufacturer and distributor of wood-alternative fence and railing,
with a growing presence in decking and other outdoor living
products. For the twelve months ended June 30, 2020, the company
generated approximately $574 million in revenue.


LEB HOLDINGS: S&P Assigns 'B' Issuer Credit Rating; Outlook Stable
------------------------------------------------------------------
S&P Global Ratings assigned its 'B' issuer credit rating to LEB
Holdings (USA) Inc., operating as the largest U.S. vinyl and
aluminum fence and railing provider Barrette Outdoor Living (BOL),
and its 'B' issue-level rating and '3' recovery rating to its
proposed senior secured term loan.

BOL has a leading market share in the small but fast-growing vinyl
and aluminum fence and railing segments.   Its primary products are
wood alternatives for fencing (about 70% of revenues) and railing
(about 20% of revenues) products. The company is the largest
producer of vinyl and aluminum fence and railing, and it holds
sizable market share (estimated to be 30%). However, wood-based
products still account for a majority of the overall U.S. fencing
and railing market. BOL remains a niche focused smaller player,
however has growth prospects within the wood alternative space.

BOL is well positioned in the retail channel via big-box stores
Home Depot Inc. and Lowe's Cos. Inc., which account for close to
half of its revenues. This creates some customer concentration.
Also, the company's lack of bargaining power against such large
customers and the loss of either retailer, or even some of that
business, could materially affect overall revenues and
profitability. However, BOL's products account for significant
share of these stores' vinyl fencing and a majority of their
aluminum fencing and vinyl railing sales volumes. This creates a
mutual dependency between BOL and these big-box stores. Further,
the long-standing nature of these relationships and the company's
conscious efforts to expand other distribution channels such as
wholesalers and building products distributors mitigate some of
this concern.

The pro channel comprising of national and regional wholesalers
accounts for about 40% of BOL's revenues. The company focuses on
providing easy-to-install complete product kits and an extensive
array of special order products to this segment. This makes BOL a
preferred brand among contractors and installers.

Strong top-line growth for BOL comes from increased outdoor repair
and remodel (R&R) spending and conversion away from wood based
products.  The company derives about 85% of its revenues from the
residential R&R end markets. This lends some stability to its
overall revenues and earnings. The company increased revenues at
11% compound annual growth rate from 2016-2019 by capturing market
share from the less expensive wood-based products. Lower
maintenance costs and higher durability drive the conversion from
wood to alternatives. As a result, S&P expects vinyl and aluminum
products to continue to gain share from wood in fencing and railing
markets.

Over the last few years, a trend of increasing investment by
consumers in outdoor living spaces accelerated by the COVID-19
pandemic. Increased time spent at home and diversion of other
consumer spending are behind strong R&R demand.

The company has average EBITDA margins helped by its ability to
pass through cost swings and some vertical integration.  BOL's
EBITDA margins are in line with the overall industry and other
rated building material peers. The company has some exposure to
volatility in commodity prices, particularly resins and aluminum.
However, its ability to annually reset pricing with key customers,
pass through highly variable costs helps preserve margins. BOL also
has some vertical integration, and unlike its peers produces and
distributes its own products. The company believes this accounts
for its superior margins to those of other fence and railing
players and enables a faster order fill rate.

S&P expects debt leverage of 4.5x-5x in the next 12-24 months, and
BOL is owned by financial sponsors.  As part of the acquisition by
TorQuest Partners and CDPQ, the company will issue a $405 million
senior secured term loan due in 2027 and $75 million asset-based
lending (ABL) facility due 2025 (undrawn at close). Pro forma for
this transaction, adjusted leverage will be about 4.5x. Further,
S&P expects the company to maintain stable credit measures over the
next 12 months, such that adjusted leverage is 4.5x-5x and EBITDA
interest coverage is about 3x. S&P's expectations do not include
shareholder distributions or large acquisition spending.

The company has historically generated healthy free cash flows. S&P
expects this to continue based on its continued earnings growth and
modest capital expenditures (capex).

The stable outlook on BOL reflects S&P's belief that favorable
demand conditions will support earnings growth over the next 12
months, such that adjusted leverage remains well under 6x and
EBITDA interest coverage remains above 2x.

S&P may lower its ratings on BOL over the next 12 months if:

-- Business conditions deteriorate such that EBITDA declines over
30%, causing adjusted leverage to begin trending toward 7x and
EBITDA interest coverage drops below 2x; or

-- The company cannot pass on unexpected large input cost
inflations, sustaining margin compression and deteriorating credit
metrics; or

-- It undertakes an aggressive financial policy (for instance,
dividend payouts or debt-financed acquisitions), which sustains
adjusted leverage above 7x.

Though unlikely, S&P may raise its ratings on BOL over the next 12
months if:

-- The company significantly increases its scale and diversifies
its product focus, maintaining adjusted leverage in the 4x-5x
range.

S&P could also upgrade if it believed the sponsors are committed to
maintaining leverage under 5x and that the risk of releveraging is
low.


LIFT & CO: Makes Voluntary Assignment into Bankruptcy Under BIA
---------------------------------------------------------------
Lift & Co. Corp. on Sept. 16, 2020, disclosed that it has made a
voluntary assignment for the benefit of its creditors under section
49 of the Bankruptcy and Insolvency Act (Canada) and that all of
its directors and officers have resigned. This follows the failure
to reach an agreement with the holders (the "Debentureholders") of
the Corporation's secured convertible debentures in the aggregate
principal amount of $3,500,000 to the proposed sale of the
Corporation's Consumer Marketing and Trade Marketing Divisions and
the "Cohesion" brand (its CannSell, Lift.co and Cohesion lines of
business), including all associated goodwill (the "Marketing
Division").

Prior to the onset of the COVID-19 pandemic, Lift & Co. had been
negotiating a significant equity investment in its Events Division
by a global strategic investor, the proceeds of which would have
been used by Lift & Co. in an effort to accelerate the growth of
its Marketing Division. The onset of the pandemic resulted in that
potential transaction being aborted and also in cash flow from the
Events Division essentially ceasing.

As a result of these developments and the economic conditions Lift
& Co. was facing as a result of the COVID-19 pandemic, on April 24,
2020 Lift & Co. announced its asset light strategy in response,
which included possible joint ventures or service relationships
with various strategic partners. Following this announcement, Lift
& Co. reached out to 24 potential acquirers of the Marketing
Division, 12 of which replied with interest and began a due
diligence process which resulted in Lift & Co. receiving 7
non-binding offers. Lift & Co. moved forward with one suitor,
signing an indicative term sheet with it, and believes that it was
on the cusp of signing a definitive agreement for the sale of the
Marketing Division to that suitor. While Lift & Co. engaged the
Debentureholders throughout this process, it has recently become
apparent to Lift & Co. that it would not be possible to come to an
agreement with the Debentureholders that would allow the sale of
the Marketing Division to proceed. The secured convertible
debentures matured on September 10, 2020. Lift & Co. does not have
the working capital necessary to repay the amount owing on the
secured convertible debentures or to continue carrying on its
business. As a result, Lift & Co. has made a voluntary assignment
for the benefit of its creditors under section 49 of the Bankruptcy
and Insolvency Act (Canada) and all of its directors and officers
have resigned.

Lift & Co. has also missed the deadline of September 14, 2020 for
the filing and delivery of the financial statements and
management's discussion and analysis for its fiscal year ended
March 31, 2020 (as extended from July 29, 2020 by Ontario
Securities Commission Instrument 51-505 - Temporary Exemption from
Certain Corporate Finance Requirements with Deadlines during the
Period from June 2 to August 31, 2020 and similar instruments in
British Columbia and Alberta).

                        About Lift & Co.

Lift & Co. (TSXV:LIFT) (OTCQB:LFCOF) is a publicly traded
technology company modernizing the cannabis industry.



LIVING EPISTLES: Hires Jonathan V. Goodman as Counsel
-----------------------------------------------------
Living Epistles Church of Holiness, Inc., seeks authority from the
U.S. Bankruptcy Court for the Eastern District of Wisconsin to
employ Jonathan V. Goodman, as counsel to the Debtor.

Living Epistles requires Jonathan V. Goodman to represent and
provide legal services to the Debtor in the Bankruptcy
Proceedings.

Jonathan V. Goodman will be paid based upon its normal and usual
hourly billing rates. The firm received a retainer of $3,500. It
will also be reimbursed for reasonable out-of-pocket expenses
incurred.

Jonathan V. Goodman assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

                 About Living Epistles Church

Living Epistles Church of Holiness Inc., a tax-exempt religious
organization, filed Chapter 11 petition (Bankr. E.D. Wisc. Case No.
19-25789) on June 12, 2019. At the time of filing, the Debtor was
estimated to have $1 million to $10 million in assets and $1
million to $10 million in liabilities.

The Debtor's counsel:

     Jonathan V. Goodman, Esq.
     500 E. Lake View Avenue
     Whitefish Bay, WI 53217
     Tel: (414) 460-7374
     E-mail: jonathanvgoodman@gmail.com


MAI HOLDINGS: S&P Withdraws 'SD' Issuer Credit Rating
-----------------------------------------------------
S&P Global Ratings is withdrawing all of its ratings on MAI
Holdings Inc., including its 'SD' (selective default) issuer credit
rating, at the company's request.



MANN REALTY: Court Upholds Withdrawal of Mumma Suit vs Double M
---------------------------------------------------------------
The case captioned ROBERT M. MUMMA, II, Appellant, v. DOUBLE M
DEVELOPMENT, et al., Appellees, Civil No. 1:19-CV-01194 (M.D. Pa.)
is an appeal before the United States Bankruptcy Court for the
Middle District of Pennsylvania from four orders issued by the
bankruptcy court in the chapter 11 case of Mann Realty Associates,
Inc.  The district court previously dismissed the appeal as moot as
to three of the four orders. The pending portion of the appeal
relates to an order granting the motion to withdraw the adversarial
proceeding against Double M Development.

Upon review, District Judge Jennifer P. Wilson held that that the
bankruptcy court did not abuse its discretion in approving the
withdrawal of the adversarial proceeding.

On March 31, 2017, Mann Realty Associates, Inc. filed for Chapter
11 bankruptcy. At the time of the filing of the Chapter 11 cases,
Appellant Robert M. Muma, II was the principal of Mann Realty. The
bankruptcy proceeding was subsequently converted from a Chapter 11
bankruptcy to a Chapter 7 bankruptcy on Jan. 25, 2018.

On April 13, 2017, one of the creditors in the bankruptcy
proceeding, Double M Development, filed a motion for relief from
the automatic stay of litigation under 11 U.S.C. section 362.
Double M's motion was based on an option contract that it had
exercised for the purchase of 35.12 acres of real estate from a
trust owned by Mumma in 1996. The trust allegedly refused to comply
with the option contract, leading Double M to initiate an equity
proceeding in the Dauphin County Court of Common Pleas to enforce
the contract. While the equity proceeding was ongoing, the real
estate in question was transferred to Mann Realty. The equity
proceeding was still winding its way through a series of decisions
and appeals in the Pennsylvania state court system when Mann Realty
filed for bankruptcy in 2017. Double M argued that the procedural
history of the state court litigation provides sufficient cause to
lift the automatic stay of litigation under 11 U.S.C. section 362.


On May 11, 2017, following a hearing on Double M's motion, the
bankruptcy court granted the motion in part, lifting the stay and
allowing the equity proceeding in Pennsylvania state court to
proceed. Mann Realty filed a motion for reconsideration of the
bankruptcy court's order on May 24, 2017, which the bankruptcy
court denied on June 29, 2017. Mann Realty then appealed the denial
of the motion for reconsideration to the district court. The appeal
was ultimately denied by an order from Judge Jones.

On Oct. 17, 2017, Mann Realty initiated an adversarial proceeding
alleging that Double M had willfully violated the bankruptcy
court's order lifting the automatic stay of the Pennsylvania state
court litigation. Specifically, Mann Realty alleged that about a
month after the bankruptcy court's order lifting the automatic
stay, Double M had noticed a parcel of land for a sheriff's sale
that was owned by Mann Realty and that was not at issue in the
ongoing state court litigation. Mann Realty argued that such a sale
contravened the terms of the bankruptcy court's order, which only
lifted the stay as to the ongoing state court litigation.

The bankruptcy case was ultimately converted to chapter 7 and on
Jan. 26, 2018, Markian R. Slobodian was appointed to serve as the
Chapter 7 Trustee in the bankruptcy proceeding. The Trustee
subsequently filed a motion for private sale of a 109.65-acre
quarry property that Mann Realty owned in Dauphin County,
Pennsylvania.  The Trustee amended the motion on Nov. 21, 2018,
providing, among other things, details of the quarry lease that had
applied to the property.

On February 6, 2019, the quarry property was put up for public
auction. Appellee Byler Holdings, LLC won the auction with a bid of
$5,050,000. The bankruptcy court approved the sale on May 22,
2019.

Mumma filed a motion for reconsideration of the sale order on June
4, 2019. Three days later, he moved to stay the sale. The
bankruptcy court denied both motions on June 27, 2019.

While litigation on the sale of the quarry property was ongoing in
the underlying bankruptcy proceeding, the adversarial proceeding
that Mann Realty had filed against Double M continued. On May 21,
2019, however, the Trustee filed a motion to withdraw the
adversarial proceeding, noting that he saw "little benefit to the
estate" in pursuing the adversarial proceeding, along with
substantial risk to the estate. The bankruptcy court granted the
Trustee's motion to withdraw the adversarial proceeding on June 27,
2019, and dismissed the proceeding.

Mumma filed the appeal on July 11, 2019, appealing (1) the sale
order; (2) the order denying the motion for reconsideration of the
sale order; (3) the order denying the motion to stay the sale; and
(4) the order granting the motion to withdraw the adversarial
proceeding.

Double M filed a motion to dismiss the appeal on July 22, 2019. The
Trustee followed suit by filing a motion to dismiss the appeal on
August 16, 2019. The case was reassigned to the undersigned
pursuant to a verbal order on Nov. 14, 2019. On Jan. 31, 2020, the
court denied the two motions to dismiss.

The sale of the quarry property became final on Feb. 14, 2020.
Following the sale, Double M and the Trustee both moved to dismiss
as moot the portions of Mumma's appeal that related to the sale.
The court granted the motions to dismiss on April 7, 2020,
dismissing Mumma's appeal as moot to the extent that it appealed
the sale order, the order denying the motion for reconsideration of
the sale order, and the order denying the motion to stay the sale.
The case accordingly proceeded only as to Mumma's appeal of the
order granting the motion to withdraw the adversarial proceeding.
The court set a briefing schedule on the same day with regard to
the non-moot portion of the appeal.

Mumma filed a brief in support of the non-moot portion of his
appeal on April 21, 2020. The Trustee and Double M both filed
opposition briefs on May 4, 2020, and Mumma filed a reply brief on
June 3, 2020. With briefing on the appeal having concluded, it is
now ripe for the court's disposition.

The sole issue remaining in this appeal is whether the bankruptcy
court erred by granting the Trustee's motion to withdraw the
adversarial proceeding. Mumma has not presented any legal argument
on this basis, instead focusing his briefing on numerous issues
regarding property sales that have already been extensively
litigated and decided by the bankruptcy court, Pennsylvania state
courts, the court, and other courts in this district. For their
part, Appellees argued that the bankruptcy court's decision should
be upheld under the standards set forth in In re Martin, 91 F.3d
389, 393 (3d Cir. 1996). The court agreed with Appellees.

When a bankruptcy court reviews the settlement of an adversarial
proceeding, it should consider four factors: "(1) the [estate's]
probability of success in [the adversarial proceeding]; (2) the
likely difficulties in collection; (3) the complexity of the
litigation involved, and the expense, inconvenience and delay
necessarily attending it; and (4) the paramount interest of the
creditors."

The bankruptcy court in this case presented its findings on the
motion to withdraw the adversarial proceeding in open court on June
27, 2019. The bankruptcy court thoroughly analyzed the four factors
set out in Martin and determined that settlement of the adversarial
proceeding was appropriate. Given the bankruptcy court's thorough
analysis of the issue and Mumma's failure to provide any argument
as to how the bankruptcy court erred, the district court found that
the bankruptcy court did not abuse its discretion in approving the
withdrawal of the adversarial proceeding.

Thus, the district court denied the remaining portion of Mumma's
appeal.

A copy of the Court's Memorandum is available at
https://bit.ly/3hKgwAe from Leagle.com.

                  About Mann Realty Associates

Mann Realty Associates, Inc., previously filed a voluntary petition
under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Pa. Case No.
17-00080) on Jan. 10, 2017.  The petition was a "pro se" filing, or
case filed without attorney.  The Debtor is an affiliate of Kimbob,
Inc., which sought bankruptcy protection on March 1, 2017 (Case No.
17-00836).

Mann Realty Associates again filed for Chapter 11 bankruptcy
protection (Bankr. M.D. Pa. Case No. 17-01334) on March 31, 2017.
In the petition signed by Robert M. Mumma, II, its president, the
Debtor was estimated to have assets between $10 million and $50
million and debt between $1 million and $10 million.  Judge Robert
N. Opel II presides over the case.  Craig A. Diehl, Esq., at the
Law Offices of Craig A. Diehl, serves as the Debtor's bankruptcy
counsel.

The case was converted to a chapter 7 case on January 25, 2018.


MATREIYA TRANS: Until April 19 to File Plan and Disclosures
-----------------------------------------------------------
Upon the motion, dated August 10, 2020, Matreiya Trans, Corp., for
entry of an order extending the Debtors' time period in which to
file a chapter 11 plan of reorganization and disclosure statement;
it is ordered that the Debtors' Time period to file is extended to
and including April 19, 2021.

                        About Matreiya Trans

Based in New York City, New York, Matreiya Trans, Corp. filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
E.D.N.Y. Lead Case No. 19-47710) on Dec. 26, 2019, listing under $1
million in both assets and liabilities.  The petition was signed by
Michael L. Simon, president. Alla Kachan, Esq., at LAW OFFICES OF
ALLA KACHAN, P.C., represents the Debtor.


MEDCOAST MEDSERVICE: Unsec. Creditors Will Get 3% Dividend in Plan
------------------------------------------------------------------
MedCoast MedService Inc., submitted a Plan of Reorganization and a
Disclosure Statement.

On the Plan Effective Date, the Debtor's existing stock, shares,
and equity interests will be cancelled.  New stock in the
Reorganized Debtor will be issued to Winn (26.6%) and CNG (73.4%),
and a general release will issue to the new management team, unless
a third party outbids their proposal for acquisition of the Debtor
through the Plan by contribution of $1,240,072 of new value.

Winn will acquire 26.6% of the Debtor's stock in exchange for half
of its secured claim, $330,114.  CNG will acquire 73.4% of the
Debtor's stock in exchange for five ambulances plus the equipment
in the vehicles, will contribute cash as a Capital Contribution and
waive postpetition administrative claims for unpaid lease payments
and receive in exchange general releases for the new management
team, plus pay $529,159 in cash, for a total of $909,959.

Class 1: Secured Claim of Michael J. Winn, Trustee of Winn
Revocable Trust Dated 5-15-03 with a claim amount of $660,227 is
impaired.  Winn will exchange 50% of its secured claim,
$330,113.50, for 30.3% of the stock of the Reorganized Debtor. The
remaining secured claim of Winn, $330,113.51, will be paid to Winn,
with 5% per annum interest, by the Reorganized Debtor in 60 monthly
installments of $1,375 (interest only), beginning one month
following the Effective Date, with the balance due on the 15th day
of the 61st month after confirmation.

Class 3: Fully Secured Claim of Wells Fargo Bank with a claim of
$7,385 is impaired.  The Debtor will pay Wells $7,385 over six
monthly installments of $1,231, without interest, beginning on the
Effective Date.

Class 8: General Unsecured Claims Holding Small Claims totaling
$28,388 are impaired.  General secured creditors holding claims of
less than $5,000 have been separated from the other general
unsecured creditors because they are easier to administer and can
be resolved quickly by payment of Debtor's proposed payment to
these small creditors in one lump sum on the Effective Date.  Class
8 claim holders will receive a 25% dividend on their allowed
claims, paid by the Trustee out of the Estate Funds within five
business days following the Plan Effective Date. The estimated
payment amount is $7,097.

Class 9: General Unsecured Claims totaling $1,529,430 will receive
a 3% total dividend on their allowed claims in 10 equal annual
installments. The first such annual payment estimated to be in the
amount of approximately $4,588 will be paid by the Trustee out of
the Estate Funds within the later of five business days following
the Plan Effective Date and the date by when the last disputed
class 9 claim is resolved by order of the Bankruptcy Court.

Class 10: Equity Interests -- owned by one entity, Nena Holdings
LLC --  will be extinguished, and new equity in the Reorganized
Debtor will be distributed 26.6% to Winn and 73.4% to CNG, unless
overbid, upon receipt of the Capital Contributions defined above
and in the Class 1 treatments. Old equity interest holders will
neither retain nor receive any distribution on account of their old
equity in the Debtor.

Funding for the Plan will come from cash on hand, capital
contribution and receivables.

A full-text copy of the Plan of Reorganization dated August 10,
2020, is available at https://tinyurl.com/yymfxw55 from
PacerMonitor.com at no charge.

Attorney for the Debtor:

     HENRY D. PALOCI III
     Henry D. Paloci III PA
     5210 Lewis Road #5
     Agoura Hills, CA 91301
     Telephone: 805.279.1225
     Facsimile: 866.565.6345
     E-mail: hpaloci@hotmail.com

                   About MedCoast Medservice

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

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

The Debtor tapped Henry D. Paloci III PA as its legal counsel, and
Riley Akopians & MSA CPAS, LLP as its accountant.

David Gottlieb was appointed as Debtor's Chapter 11 trustee.  The
Trustee tapped Levene, Neale, Bender, Yoo & Brill L.L.P. as his
bankruptcy counsel and Sherwood Partners, Inc. as his financial
advisor.


METHANEX CORP: S&P Rates New $600MM Senior Unsecured Notes 'BB'
---------------------------------------------------------------
S&P Global Ratings revised its recovery rating on Methanex Corp.'s
senior unsecured notes to '4' from '3'. The '4' recovery rating
indicated its expectation for average recovery (30%-50%; rounded
estimate: 40%) in a default scenario. S&P assigned a 'BB' rating to
the company's new $600 million senior unsecured notes and left
unchanged the 'BB' rating on the existing unsecured notes.

These rating actions follow the company's announcement that it is
issuing $600 million in unsecured notes to redeem unsecured notes
due 2022, to enhance liquidity, for maintenance capital
expenditures, and other general corporate purposes. Despite being a
roughly net leverage-neutral refinancing, the weakened recovery
prospects are driven by S&P's assumption that the revolver will
remain 85% drawn in a default scenario, so there is now more
unsecured debt at default.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- S&P has reviewed its recovery analysis on Methanex and continue
to assess its recovery prospects on a going concern basis.

-- S&P values the company on a going concern basis using a 5.5x
multiple of its projected emergence EBITDA. The multiple is 0.5x
higher than it uses for other commodity chemical companies--such as
Trinseo S.A.--given Methanex's leading market position, moderately
higher EBITDA margins and, thus, superior business risk profile.

-- S&P's simulated default scenario assumes the company's
operating performance deteriorates significantly in the wake of a
protracted economic downturn that causes a sustained decline in
end-market demand for its products. Given this scenario, Methanex's
margins would shrink and its EBITDA would decline, leaving it
unable to meet its fixed-charge obligations (including interest
expense, scheduled debt amortization, and maintenance capital
expenditure).

Simulated default assumptions

-- Year of default: 2025
-- EBITDA at emergence: $275 million
-- EBITDA multiple: 5.5x

Simplified waterfall

-- Net enterprise value (after assumed administrative expenses):
$1.44 billion

-- Assumed structurally senior claims: $265 million

-- Remaining value: $1.17 billion

-- Estimated senior unsecured claims: $2.7 billion

-- Projected recovery range for senior notes: 30%-50% (point
estimate: 40%)

Notes: S&P assumes debt instruments maturing before its
hypothetical default in 2025 will be extended or refinanced on
similar terms. S&P has rounded estimated claim and other amounts.
All estimated debt claim amounts include an assumption for about
six months of accrued but unpaid interest outstanding at default.


MICHAELS COS: S&P Rates New $500MM Senior Secured Notes 'B+'
------------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue-level and '2' recovery
ratings to Irving, Texas-based The Michaels Cos. Inc.'s proposed
$500 million senior secured notes due in 2027. The '2' recovery
rating indicates its expectation of substantial (70%-90%; rounded
estimate: 70%) recovery in the event of a payment default or
bankruptcy.

S&P's issue-level and recovery ratings reflect the notes' pari
passu ranking to the proposed $1.52 billion term loan.

The facilities will be secured by a second-priority lien on the
company's asset-based lending (ABL) facility collateral and a
first-priority lien on other assets. The combined transaction will
extend Michael's maturity profile and leave it with sufficient
liquidity to execute its strategic initiatives while managing
persistent business volatility stemming from the COVID-19 pandemic.
Pro forma for the term loan and senior secured notes issuance, the
company will maintain over $1 billion of liquidity and reduce debt
by about $150 million.

On Sept. 9, 2020, S&P affirmed its issuer credit rating on Michaels
and revised its outlook to positive, reflecting momentum arising
from increased at-home arts and crafts spending that lifted the
company's second-quarter results. S&P's rating and outlook
incorporate its expectation for an overall operating performance
decline in 2020 followed by a recovery in 2021.

ISSUE RATINGS – RECOVERY ANALYSIS

Key analytical factors

-- S&P has assigned its 'B+' issue-level rating to Michaels'
proposed $500 million senior secured notes. The '2' recovery rating
indicates its expectation for substantial recovery (70%-90%;
rounded estimate: 70%) in the event of a payment default or
bankruptcy.

-- S&P's 'B+' issue-level and '2' recovery rating on the company's
proposed senior secured term loan are unchanged.

-- S&P's rating on its senior unsecured notes remains 'CCC+'. The
'6' recovery rating indicates its expectation for negligible
recovery (0%-10%; rounded estimate: 0%). The ratings reflect the
debt's junior ranking to the company's $850 million ABL and senior
secured facilities.

-- S&P simulates a default in 2023 because of a steep decline in
economic activity and intensified competition from other arts and
crafts retailers as well as big box and online merchants.

-- S&P believes lenders would maximize recovery prospects if
Michaels were to continue as a going concern given its
industry-leading brand awareness, portfolio of private brands,
direct sourcing capabilities, and national store footprint.
Therefore, it values the company using a 5x multiple applied to
S&P's projected emergence-level EBITDA.

Simulated default assumptions

-- Simulated year of default: 2023
-- Emergence EBITDA: $402 million
-- Implied enterprise value (EV) multiple: 5x
-- Estimated gross EV at emergence: $2.01 billion

Simplified waterfall

-- Net EV after 5% administrative costs: $1.91 billion
-- Estimated priority claims: $437 million
-- Remaining recovery value: $1.47 billion
-- Estimated senior secured claims: $2.02 billion
-- Recovery expectations: 70%-90% (rounded estimate: 70%)
-- Estimated senior unsecured claims: $520 million
-- Recovery expectations: 0%-10% (rounded estimate: 0%)

All debt amounts include six months of prepetition interest.



MINNESOTA ATTAINABLE: S&P Cuts 2017A Revenue Bond Rating to 'BB+'
-----------------------------------------------------------------
S&P Global Ratings lowered its long-term rating on the Iowa Finance
Authority's series 2017A multifamily housing revenue refunding
bonds to 'BB+' from 'A-', and its long-term rating on the
authority's subordinate 2017B bonds to 'BB' from 'BBB'. Both series
were issued on behalf of Minnesota Attainable Housing Corp. (MAHC).
The outlooks are stable.

Bond proceeds were originally issued to finance the acquisition and
rehabilitation of two multifamily senior rental housing properties.
The total number of units owned between the two properties is 163.
The projects consist of two apartment towers in Waterloo, Iowa,
which is approximately two hours northeast of Des Moines.

"The rating action primarily reflects the implementation of our
Methodology For Rating U.S. Public Finance Rental Housing Bonds
criteria," said S&P Global Ratings credit analyst Jessica Pabst.
The ratings are no longer under criteria observation.

MAHC reports no confirmed cases of COVID-19 at the two properties.
Although overall expenses are expected to rise slightly as a result
of increased cleaning procedures, MAHC does not expect the rise to
materially affect net operating income (NOI). Rent collections have
been more than pre-pandemic levels (approximately 3% more), but
MAHC is monitoring deferral requests as federal unemployment
funding levels change and the economy goes deeper into recession.


MUSEUM OF AMERICAN: UMB Says Amended Plan Unconfirmable
-------------------------------------------------------
UMB Bank, N.A., filed an objection to the Museum of American Jewish
History, d/b/a National Museum of American Jewish History's Motion
for Entry of an Order Approving (I) Disclosure Statement; (II)
Procedures for the Solicitation and Tabulation of Votes to Accept
or Reject the Debtor's Chapter 11 Plan and (III) Related Notice and
Objection Procedures.

UMB complains that the First Amended Disclosure Statement describes
a plan that is patently unconfirmable.

UMB points out that the Debtor's classification scheme deviates
from the rights conferred under the loan documents and is contrived
to improperly gerrymander an impaired accepting class.

UMB asserts that the Debtor's classification of the beneficial
owners of the Bonds is a wrongful attempt to manipulate the voting
on the plan to meet the confirmation standard of having at least
one impaired accepting class.

According to UMB, in a cramdown plan context, as is presented here,
each class must represent a voting interest that is "sufficiently
distinct and weighty" to justify a separate voice on whether or not
the plan should proceed.

UMB complains that the Plan's disparate treatment of similarly
situated creditors is unfair and discriminatory.

UMB points out that the Plan proposes to pay the Class 4 SBA
Secured Claim in full while other similarly situated secured
creditors, like Class 3A and Class 3B, are being impaired and
slated to receive significantly worse treatment.

UMB asserts that the Plan is not feasible.

According to UMB, the Plan is not feasible as it is based on
speculative donor funds and possible financing as for which the
Disclosure Statement and Plan contain no detail on the specific
source(s) and timing of such funding to support the payments
proposed under the Plan.

UMB complains that the Disclosure Statement should not be approved
because it does not contain adequate information.

UMB points out that the information contained in the Disclosure
Statement is inadequate and fails to meet the requirement of
Section 1125 of the Bankruptcy Code.

UMB further points out that the Disclosure Statement lacks
meaningful detail regarding the means for funding the Plan and is
devoid of any discussion of the risk factors relative to the
success or failure of the Plan.

Attorneys for UMB Bank, N.A., as Indenture Trustee:

     Peter E. Meltzer, Esquire
     WEBER GALLAGHER SIMPSON
     STAPLETON FIRES & NEWBY, LLP
     2000 Market Street, 13th Floor
     Philadelphia, PA 19103
     267-295-3363
     pmeltzer@wglaw.com

            About Museum of American Jewish History

The Museum of American Jewish History -- https://www.nmajh.org/ --
is a Pennsylvania non-profit organization which operates the
National Museum of American Jewish History, the only museum in the
nation dedicated exclusively to exploring and interpreting the
American Jewish experience. The museum presents educational and
public programs that preserve, explore and celebrate the history of
Jews in America.  The museum was established in 1976 and is housed
in Philadelphia's Independence Mall.

On March 1, 2020, Museum of American Jewish History sought Chapter
11 protection (Bankr. E.D. Pa. Case No. 20-11285).  The Debtor was
estimated to have $10 million to $50 million in assets and
liabilities.  Judge Magdeline D. Coleman oversees the case.  The
Debtor tapped Dilworth Paxson, LLP, as its legal counsel and
Donlin, Recano & Company, Inc. as its claims agent.


NETSMART INC: S&P Rates New $915MM First-Lien Term Loan 'B-'
------------------------------------------------------------
S&P Global Ratings assigned its 'B-' issue-level and '3' recovery
ratings to Netsmart Inc.'s proposed $915 million first-lien term
loan and $100 million revolving credit facility.

The '3' recovery rating indicates S&P's expectation for meaningful
(50%-70%; rounded estimate: 50%) recovery in the event of a payment
default. S&P bases its view of 50% recovery prospects for the
first-lien term loan on the greater amount of first-lien debt.

Netsmart plans to use the proceeds to repay all of its existing
$679 million first-lien and $167 million second-lien term loans,
and it will use the remaining amount to fund a small tuck-in
acquisition. The proposed transaction will slightly increase
leverage, but S&P's issuer credit rating is unchanged.

Issue Ratings--Recovery Analysis

Key analytical factors

-- Netsmart's new capital structure consists of a $100 million
first-lien revolver due in 2025 and a $915 million first-lien term
loan due in 2027.

-- In S&P's simulated default scenario, it assumes the revolver
will be 85% drawn and LIBOR of 250 basis points at default.

-- S&P has valued Netsmart as a going concern, which would
maximize value to creditors. S&P applied a 6.5x EBITDA multiple to
an assumed distressed emergence EBITDA of $85 million to derive an
estimated gross recovery value of $555 million.

-- The valuation multiple is consistent with what it applies to
similar software companies operating in the health care information
technology industry.

-- S&P's simulated default scenario assumes a default occurring in
2022 as a result of competition from larger electronic health
record providers that currently focus on the primary and inpatient
segments of the health care market. If those providers extend their
existing platforms to those that compete directly with Netsmart's
products in the health and human services and home health care
segments, Netsmart could lose market share.

Simulated default assumptions

-- Simulated year of default: 2022
-- EBITDA at emergence: $85 million
-- EBITDA multiple: 6.5x

Simplified waterfall

-- Net enterprise value (after 5% administrative costs): $527
million

-- Collateral value available to secured creditors: $527 million

-- Secured first-lien debt: $1.01 billion

-- Recovery expectations: 50%-70%; rounded estimate: 50%

Note: All debt amounts include six months' prepetition interest.


NEUMEDICINES INC: Seeks to Hire Sheppard Mullin as Special Counsel
------------------------------------------------------------------
Neumedicines, Inc. seeks approval from the U.S. Bankruptcy Court
for the Central District of California to hire Sheppard, Mullin,
Richter & Hampton LLP as its special counsel.

The services that will be provided by Sheppard Mullin are as
follows:

     (a) represent Debtor in the sale of its assets;

     (b) provide services related to and customary to the sale of
Debtor's assets;
  
     (c) advise Debtor's other professionals regarding the sale.

Sheppard Mullin will be paid at hourly rates as follows:

     Elliot Hinds                     $1,000
     Jeffrey Fessler                  $960
     Other Associates/Partners        $475 - $1,445

Elliot Hinds, Esq., a partner at Sheppard Mullin, disclosed in
court filings that the firm is a "disinterested person" as that
term is defined in Bankruptcy Code Section 101(14).

The firm can be reached through:

    Elliott Hinds, Esq.
    Sheppard, Mullin, Richter & Hampton LLP
    1901 Avenue of the Stars, Suite 1600
    Los Angeles, CA 90067-6055
    Telephone: (310) 228-3700
    Facsimile: (310) 228-3701
    Email: ehinds@sheppardmullin.com

                      About Neumedicines Inc.

Neumedicines, Inc. is a clinical stage biopharmaceutical company in
Arcadia, Calif., which is engaged in the research and development
of HemaMax, recombinant human interleukin 12 (rHuIL-12), for the
treatment of cancer in combination with standard of care (SOC,
radiotherapy, chemotherapy, or immunotherapy) and Hematopoietic
Syndrome of Acute Radiation Syndrome (HSARS) as a monotherapy.
Visit  https://www.neumedicines.com for more information.

Neumedicines filed a Chapter 11 petition (Bankr. C.D. Calif. Case
No. 20-16475) on July 17, 2020.  In the petition signed by Timothy
Gallaher, president, Debtor was estimated to have $100,000 to
$500,000 in assets and $1 million to $10 million in liabilities.

Judge Ernest M. Robles presides over the case.

Debtor has tapped Weintraub & Seth, APC as its bankruptcy counsel
and Sheppard, Mullin, Richter & Hampton, LLP as its special
counsel.  


NEW CAFE: Requests 120 More Days to Confirm Plan and Disclosures
----------------------------------------------------------------
New Cafe Minutka, Inc., d/b/a Home Made Cooking Cafe, filed a
motion to extend the time by which a Plan of Reorganization should
be confirmed for an additional 120 days, through and including
January 18, 2021.

This first requested extension of the time period for confirmation
is warranted and necessary to afford the Debtor a meaningful
opportunity to pursue the chapter 11 reorganization process and
build a consensus among economic stakeholders, all as contemplated
by chapter 11 of the Bankruptcy Code.

The extension of the time period for confirmation will enable the
Debtor to harmonize the diverse and competing interests that exist
and seek to resolve any conflicts in a reasoned and balanced manner
for the benefit of all parties in interest.

Counsel for the Debtor:

     Alla Kachan, Esq.
     Law Offices of Alla Kachan, P.C.
     3099 Coney Island Avenue, 31d Floor
     Brooklyn, NY 11235
     Tel.: (718) 513-3145

                     About New Cafe Minutka

New Cafe Minutka, Inc., is a New York corporation with business
address 505-506 Brighton Beach Avenue, Brooklyn, NY 141235. The
stock is 100% owned by Olga Petinckaya.

New Cafe Minutka sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 19-42357) on April 19,
2019.  At the time of the filing, the Debtor was estimated to have
assets of less than $100,000 and liabilities of less than $50,000.
The case is assigned to Judge Nancy Hershey Lord.  The Law Offices
of Alla Kachan, P.C., is the Debtor's legal counsel.


NOBLE CORP: Seeks to Hire K&L Gates as Special Counsel
------------------------------------------------------
Noble Corporation plc and its debtor affiliates seek approval from
the U.S. Bankruptcy Court for the Southern District of Texas to
employ K&L Gates LLP as their special insurance counsel.

Services K&L Gates will render are:

     a. file and prosecute the Insurance Adversary Proceeding
against the insurers challenging the insurers' denial of coverage
under the D&O Program;

     b. advise the Debtors on steps to be taken to preserve the D&O
Program coverage and maximize any recoveries;

     c. negotiate settlements, or other resolutions of D&O Program
coverage disputes;

     d. attend meetings with the Debtors, its representatives, its
insurance carriers, and other parties-in-interest in this case
related to the preservation of the D&O insurance coverage; and

     e. represent the Debtors as counsel in any litigation or other
proceedings in connection with the Debtors' pursuit of recoveries
from the D&O Program for the benefit of the estates.

The hourly rates charged by the Firm are:

     Gerald Novack    Partner     $1,195
     John Sylvester   Partner     $950
     Erin Fleury      Associate   $605
     Jeffrey Richter  Associate   $480
     Morena Farrell   Paralegal   $340

John Sylvester, Esq., a partner of K&L Gates, assured the court
that the firm is a "disinterested person" within the meaning of
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     John Sylvester, Esq.
     K&L Gates LLP
     K&L Gates Center, 210 Sixth Avenue
     Pittsburgh, PA 15222-2613
     Phone: +1-412-355-6500
     Fax: +1-412-355-6501

                    About Noble Corporation

Noble Corporation plc -- http://www.noblecorp.com/-- is an
offshore drilling contractor for the oil and gas industry. It
provides contract drilling services to the international oil and
gas industry with its global fleet of mobile offshore drilling
units. Noble Corporation focuses on a balanced, high-specification
fleet of floating and jackup rigs and the deployment of its
drilling rigs in oil and gas basins around the world.

On July 31, 2020, Noble Corporation and its affiliates filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Tex. Lead Case No. 20-33826). Richard B. Barker,
chief financial officer, signed the petitions. Debtors disclosed
total assets of $7,261,099,000 and total liabilities of
$4,664,567,000 as of March 31, 2020.

Judge Marvin Isgur oversees the cases.

The Debtors tapped Skadden, Arps, Slate, Meagher & Flom LLP and
Porter Hedges LLP as legal counsel; Smyser Kaplan & Veselka,
L.L.P., McAughan Deaver PLLC, and Baker Botts L.L.P. as special
counsel; AlixPartners, LLP as financial advisor; and Evercore Group
LLC as investment banker. Epiq Corporate Restructuring, LLC is the
claims and noticing agent.


OASIS PETROLEUM: S&P Cuts ICR to 'D' on Missed Interest Payment
---------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on
Houston-based exploration and production company Oasis Petroleum
Inc. to 'D' from 'CCC-'. S&P also lowered its issue-level rating on
the company's senior unsecured notes to 'D' from 'CCC-'.

The downgrade reflects Oasis' decision to not make the Sept. 15,
2020, interest payments on its 6.875% senior unsecured notes due in
2022 and 2.625% senior unsecured convertible notes due in 2023. S&P
does not expect the company will make these interest payments
within the 30-day grace period given its constrained liquidity
position. S&P expects the company will seek a broader financial
restructuring.


OCEAN POWER: EisnerAmper LLP Replaces KMPG LLP as Accountant
------------------------------------------------------------
The Audit Committee of the Board of Directors of Ocean Power
Technologies, Inc. dismissed KPMG LLP as the Company's independent
registered public accounting firm, effective on Sept. 16, 2020.
The decision by the Audit Committee was made on the basis of
reducing ongoing costs related to the Company's annual auditor
services.

During the Company's two most recent fiscal years ended April 30,
2020 and April 30, 2019 and during the subsequent interim period
through Sept. 16, 2020, there were (i) no disagreements (as
described in Item 304(a)(1)(iv) of Regulation S-K and the related
instructions) with KPMG on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or
procedures, which if not resolved to KPMG's satisfaction, would
have caused KPMG to make reference to the subject matter of the
disagreements in its reports on the Company's consolidated
financial statements for such years, and (ii) no "reportable
events" as defined in Item 304(a)(1)(v) of Regulation S-K.

KPMG's audit reports on the Company's consolidated financial
statements for each of the two most recent fiscal years ended April
30, 2020 and April 30, 2019 did not contain an adverse opinion or a
disclaimer of opinion and were not qualified or modified as to
uncertainty, audit scope or accounting principles, except that

KPMG's report on the consolidated financial statements of the
Company as of and for the year ended April 30, 2020, contained
separate paragraphs stating that "As discussed in Note 2(n) to the
consolidated financial statements, the Company has changed its
method of accounting for leases as of May 1, 2019 due to the
adoption of Accounting Standards Update (ASU) No. 2016-02, Leases
(Topic 842), and the related amendments" and "The accompanying
consolidated financial statements have been prepared assuming that
the Company will continue as a going concern.  As discussed in Note
1(b) to the consolidated financial statements, the Company has
suffered recurring losses from operations and has an accumulated
deficit that raise substantial doubt about its ability to continue
as a going concern.  Management's plans in regard to these matters
are also described in Note 1(b).  The consolidated financial
statements do not include any adjustments that might result from
the outcome of this uncertainty"; and

KPMG's report on the consolidated financial statements of the
Company as of and for the year ended April 30, 2019, contained
separate paragraphs stating that "The accompanying consolidated
financial statements have been prepared assuming that the Company
will continue as a going concern.  As discussed in Note 1(b) to the
consolidated financial statements, as of April 30, 2019 the Company
has cash and cash equivalents of $16.7 million, and the Company has
suffered recurring losses from operations and has an accumulated
deficit.  These factors raise substantial doubt about its ability
to continue as a going concern.  Management's plans in regard to
these matters are also described in Note 1(b).  The consolidated
financial statements do not include any adjustments that might
result from the outcome of this uncertainty" and "As discussed in
Note 1(o) to the consolidated financial statements, effective May
1, 2018, the Company adopted Accounting Standards Update (ASU)
2014-09, Revenue from Contracts with Customers, and several related
amendments, issued by the Financial Accounting Standards Board
(FASB).  This change was adopted using the modified retrospective
method."

The Audit Committee, effective as of Sept. 18, 2020, appointed
EisnerAmper LLP as the Company's independent registered public
accounting firm for the Company's fiscal year ended April 30, 2021.
During the Company's two most recent fiscal years ended April 30,
2020 and April 30, 2019 and during the subsequent interim period
through Sept. 18, 2020, neither the Company nor anyone acting on
its behalf has consulted with EisnerAmper, regarding either: (i)
the application of accounting principles to a specific transaction,
completed or proposed, or the type of audit opinion that might be
rendered on the Company's consolidated financial statements, and
neither a written report nor oral advice was provided to the
Company that EisnerAmper concluded was an important factor
considered by the Company in reaching a decision as to any
accounting, auditing, or financial reporting issue, or (ii) any
matter that was either the subject of a "disagreement" (as defined
in Item 304(a)(1)(iv) of Regulation S-K) or a "reportable event"
(as described in Item 304(a)(1)(v) of Regulation S-K).

                  About Ocean Power Technologies

Headquartered in Monroe Township, New Jersey, Ocean Power
Technologies, Inc. -- http://www.oceanpowertechnologies.com/-- is
a marine power solutions provider that designs, manufactures,
sells, and services its products while working closely with
partners that provide payloads, integration services, and marine
installation services.

Ocean Power reported a net loss of $10.35 million for the 12 months
ended April 30, 2020, compared to a net loss of $12.25 million for
the 12 months ended April 30, 2019.  As of July 31, 2020, the
Company had $14.40 million in total assets, $4.28 million in total
liabilities, and $10.12 million in total stockholders' equity.

KPMG LLP, in Philadelphia, Pennsylvania, the Company's auditor
since 2004, issued a "going concern" qualification in its report
dated June 29, 2020, citing that the Company has suffered recurring
losses from operations and has an accumulated deficit that raise
substantial doubt about its ability to continue as a going concern.


OCEAN POWER: Signs New $12.5M Stock Purchase Deal With Aspire
-------------------------------------------------------------
Ocean Power Technologies, Inc. has executed a new Common Stock
Purchase Agreement with Aspire Capital Fund, LLC to sell up to
$12.5 million in common stock to Aspire Capital over a term of 30
months.  Proceeds will be used by OPT to build additional
PowerBuoys as needed to meet potential market demand, to further
advance the development of new products and solutions, and for
other general corporate purposes.

"We are excited to renew our relationship with Aspire Capital and
the flexibility to potentially access capital on a cost-effective
basis," said George H. Kirby, president and chief executive officer
of Ocean Power Technologies.  "By focusing on lowering costs to
obtain working capital, we believe this agreement allows the
Company to receive a higher value return for funding to meet our
projected sales growth and our continued innovations in providing
ocean power."

Key terms under the Purchase Agreement include:

   * The Company will control the timing and amount of any sales
     to Aspire Capital based on market price at the time of each
     sale;

   * Aspire Capital has no right to require any sales by OPT but
     is obligated to make purchases when the Company desires to
     sell shares of its common stock to Aspire Capital, in
     accordance with the terms of the Purchase Agreement;

   * The Company has the right to sell up to 250,000 shares of
     stock to Aspire Capital each trading day at the lower of
     either: (a) the lowest sale price of the Company's common
     stock on that day; or (b) the arithmetic average of the
     three lowest closing sale prices during the ten consecutive
     trading days ending on the trading day immediately preceding
     that day;

   * The Company also has the right to sell shares to Aspire
     Capital at up to 30% to the trading volume of the shares for
     the next business day at a volume weighted average price
     at the lesser of the closing sale price or 97% of the next
     day's VWAP.

   * Aspire Capital has agreed that neither it nor any of its
     agents, representatives, and affiliates shall engage in any
     direct or indirect short-selling or hedging of the Company's
     common stock during any time prior to the termination of the
     Purchase Agreement;

   * There are no limitations on the use of proceeds, financial
     covenants or restrictions on future financings and there are
     no rights of first refusal, participation rights, penalties,
     or liquidated damages in the Purchase Agreement; and

   * The Purchase Agreement may be terminated by the Company at
     any time, at its discretion, without any additional cost or
     penalty.

                  About Ocean Power Technologies

Headquartered in Monroe Township, New Jersey, Ocean Power
Technologies, Inc. -- http://www.oceanpowertechnologies.com-- is a
marine power solutions provider that designs, manufactures, sells,
and services its products while working closely with
partners that provide payloads, integration services, and marine
installation services.

Ocean Power reported a net loss of $10.35 million for the 12 months
ended April 30, 2020, compared to a net loss of $12.25 million for
the 12 months ended April 30, 2019.  As of July 31, 2020, the
Company had $14.40 million in total assets, $4.28 million in total
liabilities, and $10.12 million in total stockholders' equity.

KPMG LLP, in Philadelphia, Pennsylvania, the Company's auditor
since 2004, issued a "going concern" qualification in its report
dated June 29, 2020, citing that the Company has suffered recurring
losses from operations and has an accumulated deficit that raise
substantial doubt about its ability to continue as a going concern.


OLD TIME POTTERY: Unsecureds to Get Up to 100% in Plan
------------------------------------------------------
Old Time Pottery, LLC, submitted a Plan and a Disclosure
Statement.

The Debtor's assets consists of cash, deposits and cash reserves,
receivables, inventory & supplies, office furniture & fixtures,
vehicles, real property, intangibles and intellectual property,
cash collateral held by PNC National Bank, other assets and
reservation of causes of action/authority to pursue, settle or
abandon.

Class 2 Other Secured Claims are impaired. Each holder of an
Allowed Secured Class 2 Claim shall be fully satisfied, at the
Debtors' option, by one of the following:

   * Note Option: Each holder of a Class 2 Claim shall retain all
Liens securing such Claim until such Claim is fully paid or until
such holder otherwise agrees.

   * Unimpairment Option: At the option of the obligated Debtor or
Debtors, any Class 2 Claim may be deemed unimpaired.

   * Cash Option: The obligated Debtor or Debtors may also elect,
at any time on or before the Effective Date, to pay a Class 2
Secured Claim in full, in cash, on or promptly after the Effective
Date.

   * Abandonment Option: The obligated Debtor or Debtors may also
elect, at any time on or before the Effective Date, to fully
satisfy a Class 2 Claim by abandoning the collateral securing such
Claim to the holder of such Claim.

   * Release of Lien: Promptly upon the satisfaction of any Allowed
Class 2 Claim, the holder of such Class 2 Secured Claim shall
execute all instruments and documents necessary to release its Lien
securing such Claim or note.

Class 3 Unsecured Convenience Class Claims are unimpaired.  Each
holder of an Allowed Class 3 Claim in an amount no greater than
$2,000 will be paid in full cash on the Effective Date of the Plan.
Any holder of an Allowed Class 3 Claim in excess of $2,000 may
elect to receive $2,000 on the Effective Date in full satisfaction
of its claim.

Class 4 Claims of Insiders are impaired.  Each holder of an Allowed
Class 4 Claim shall be fully satisfied in the same manner as
Allowed Class 5 Claims are satisfied.

Class 5 Unsecured Claims, comprised of unsecured claims other than
claims in Class 3 or 4, are impaired and will be satisfied as
follows:

   * Option 1. Debtors shall make annual payments on Allowed Class
4 and 5 Claims, commencing on March 1, 2021 and continuing on March
1 of each year thereafter until March 1, 2025, when all amounts
remaining due on Allowed Class 4 and 5 Claims shall be paid in
full.

   * Option 2. Holders of an Allowed Claims in Class 5 may
expressly elect to receive on March 1, 2021 in full satisfaction of
the Allowed Claim 60 percent of the allowed claim up to a maximum
amount of $25,000.

The Debtors will use proceeds from the Exit Financing to make the
payments due on the Effective Date, and the Debtors have made
changes to their business including renegotiated lease terms, lease
rejections, staff reductions and other changes that are expected to
generate cash flow sufficient to make the payments due under the
Plan and on the Exit Financing on an on-going basis.

A full-text copy of the Disclosure Statement dated Aug. 10, 2020,
is available at https://tinyurl.com/y6gv6dog from PacerMonitor.com
at no charge.

Attorneys for the Debtors:

     Paul G. Jennings
     Glenn B. Rose
     Gene L. Humphreys
     Michael C. Tackeff
     BASS, BERRY & SIMS PLC
     150 Third Avenue South, Suite 2800
     Nashville, TN 37201
     Telephone (615) 742-6200
     Facsimile (615) 742-6293
     E-mail: pjennings@bassberry.com
             grose@bassberry.com
             ghumphreys@bassberry.com
             michael.tackeff@bassberry.com

                     About Old Time Pottery

Old Time Pottery -- https://oldtimepottery.com/ -- is a retailer
headquartered in Murfreesboro, Tennessee focused on selling home
décor and seasonal items.

Old Time Pottery, LLC and OTP Holdings, LLC, sought Chapter 11
protection (Bankr. M.D. Tenn. Case Nos. 20-03138 and 20-03139) on
June 28, 2020.

The Debtors' bankruptcy cases are jointly administered under Case
No. 20-03138 before the Honorable Marian F. Harrison.

BASS, BERRY & SIMS PLC is the Debtors' counsel.  Stretto is the
claims agent.


ORGANIC POWER: Sept. 24 Status Conference Set
---------------------------------------------
Judge Edward A. Godoy has ordered that a status conference of
Organic Power LLC is scheduled for Sept. 24, 2020 at 1:30 p.m. via
Skype for Business, to consider the following:

  * Oriental Bank's Motion Requesting Entry of Order to Show Cause
(docket
#258)

  * Debtors' Motion for Extension of Time to File Disclosure
Statement and
Reorganization Plan (docket #259)

  * Acrecent Financial Corporation's Motion Requesting Order
Requiring Debtor to Determine if it Will Reject or Assume Executory
Contract with Acrecent Financial Corporation (docket #180)

  * Debtors' Joint Motion for Extension of Time (docket #220).

                     About Organic Power

Organic Power LLC -- https://prrenewables.com/ -- is a supplier of
renewable energy and a provider of environmentally sustainable food
waste recycling services based in Puerto Rico. It offers food
processing companies, restaurants, pharmaceuticals and retail
outlets an alternative to landfill disposal.

Organic Power sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.P.R. Case No. 19-01789) on April 1, 2019.  At the
time of the filing, the Debtor was estimated to have assets and
liabilities of between $10 million and $50 million.  Aimee I. Lopez
Pabon, Esq., of Godreau & Gonzalez LLC, has been tapped as counsel
for the Debtor.


OUTLOOK THERAPEUTICS: Stockholders OK 2015 Equity Plan Amendment
----------------------------------------------------------------
Outlook Therapeutics, Inc. held a special meeting of the
Stockholders on Sept. 17, 2020, in a virtual meeting format only,
via live webcast on the Internet, with no physical in-person
meeting.  At the Special Meeting, the Company's stockholders
approved the amendment and restatement of the Company's 2015 Equity
Incentive Plan, as amended, to increase the share reserve and make
certain updating changes.

                    About Outlook Therapeutics

Outlook Therapeutics, Inc., formerly known as Oncobiologics, Inc.
-- http://www.outlooktherapeutics.com/-- is a late clinical-stage
biopharmaceutical company working to develop the first FDA-approved
ophthalmic formulation of bevacizumab for use in retinal
indications, including wet AMD, DME and BRVO.  If ONS-5010, its
investigational ophthalmic formulation of bevacizumab, is approved,
Outlook Therapeutics expects to commercialize it as the first and
only on-label approved ophthalmic formulation of bevacizumab for
use in treating retinal diseases in the United States, Europe,
Japan and other markets.

Outlook Therapeutics reported a net loss attributable to common
stockholders of $36.04 million for the year ended Sept. 30, 2019,
compared to a net loss attributable to common stockholders of
$48.02 million for the year ended Sept. 30, 2018.  As of June 30,
2020, the Company had $30.24 million in total assets, $19.28
million in total liabilities, and $10.96 million in total
stockholders' equity.

KPMG LLP, in Philadelphia, Pennsylvania, the Company's auditor
since 2015, issued a "going concern" qualification in its report
dated Dec. 19, 2019, on the consolidated financial statements for
the year ended Sept. 30, 2019, citing that the Company has incurred
recurring losses and negative cash flows from operations and has a
stockholders' deficit of $16.1 million, $6.7 million of convertible
senior secured notes that become due on Dec. 22, 2019, $3.6 million
of unsecured indebtedness due on demand and $1.0 million of
unsecured indebtedness also due on demand, but subject to a
forbearance agreement through March 2020, that raise substantial
doubt about its ability to continue as a going concern.


OVINTIV INC: Fitch Lowers LongTerm IDRs to 'BB+', Outlook Negative
------------------------------------------------------------------
Fitch Ratings has downgraded the Long-Term Issuer Default Ratings
(IDRs) of Ovintiv Inc. (OVV), Ovintiv Canada ULC and Ovintiv
Exploration Inc. to 'BB+' from 'BBB-', OVV and Ovintiv
Exploration's senior unsecured ratings to 'BB+'/ 'RR4' from 'BBB-',
and has maintained the Negative Outlook. Fitch has also downgraded
the Short-Term IDRs and CP ratings of Ovintiv Inc. and Ovintiv
Canada ULC to 'B' from 'F3'.

The main drivers for the downgrade include Ovintiv's above average
refinancing risk ($1.25 billion in notes due by Jan 2022, with
another $1.25 billion drawn on the revolver); the risk that
revolver borrowings could rise further if low oil prices limit the
attractiveness of tapping the bond market in the near term;
improving, but still below average netbacks, and lower expected
production growth over the next few years given capex reductions.
Fitch also recently lowered its long-term oil price deck. The
Negative Outlook also reflects concerns about refinancing risk.

These considerations are somewhat offset by Ovintiv's progress in
reducing its cost structure through efficiency gains; large
post-acquisition size as an independent exploration and production
(E&P); basin and geographic diversification; near-term improvements
in natural gas and NGLs pricing; and good near-term hedge
protection.

KEY RATING DRIVERS

Above Average Refinancing Risk: OVV's refinancing risk is above
average versus peers, given the combination of its maturity wall
and existing revolver draws. At June 30, 2020 OVV's maturity wall
included $1.25 billion in notes, split between $590 million in 3.9%
notes due Nov 2021, and $660 million in 5.75% notes due Jan 2022,
as well as a revolver balance of $1.25 billion. Total revolver
utilization was around 31% on the company's $4.0 billion in
unsecured revolver capacity (matures July 2024). Fitch anticipates
borrowings could rise to the degree low oil prices keep the
company's spreads elevated and limit the attractiveness of tapping
the bond market in the near term.

Debt Repayment Plan: OVV plans to allocate excess cash flow to
lower debt over the next six quarters. Fitch notes the amount of
de-leveraging is highly dependent on underlying commodity prices,
with pricing at or below strip levels likely to slow the program.
At the end of Q2, OVV's total debt increased by $392 million versus
YE 2019, rising to just under $7.4 billion. The main drivers of the
increase include timing effects of capex reductions, unfavorable
shifts in working capital linked to the pandemic, severance costs,
and remediation spending for Deep Panuke. Working capital draws
should largely reverse.

Sensitivity to Lower Prices: OVV's cash flows and credit metrics
are relatively sensitive to lower hydrocarbon prices given its
below average netbacks. Oil has recovered from April lows but has
seen renewed weakness recently given still high global inventories
and a stalling recovery in transport fuel demand. Fitch recently
lowered its 2022 and long-term price assumptions for WTI in part to
reflect the risks of a more drawn out recovery (see "Fitch Ratings
Cuts its Long-Term Oil Price Assumptions", published Sept 08,
2020). Changes include reductions in the base WTI oil price for
2022 from $50/bbl to $47/bbl, and the long-term price from $52/bbl
to $50/bbl. In contrast to oil, natural gas has seen some support,
as lower oil production is expected to result in less associated
gas from shale plays, and a corresponding tightening in supply
balances.

Margin Improvement: Offsetting these considerations somewhat, OVV's
margins and unit economics continue to improve as it drives well
cost efficiencies and focuses on its highest value liquids. Well
costs across the company's three core plays are down 15% vs. 2019
as it moves from a 23-rig program (Q1) to a seven-rig program for
the remainder of the year. OVV raised its guidance for cash cost
savings to over $200 million in 2020, which it expects to achieve
through lower operating expenses, reduced transportation and
processing costs, and G&A reductions.

Scale and Diversification: Ovintiv operates in seven basins, with
production concentrated in its three core plays: the Permian,
Montney, and Anadarko Basins. Remaining non-core production is
largely in the Bakken, Eagle Ford and Duvernay. Fitch expects
non-core assets will be retained in the near term, given a
challenging asset sales market, but believes these are candidates
for future disposals in the event market conditions become more
favorable. Fitch views OVV's scaled multi-basin model favorably,
given it mitigates against single-basin regulatory risk, and allows
companies to still reach their production guidance by shifting
capital in the event issues pop up in one basin.

Track Record of Defending the Rating: OVV has historically defended
the rating in previous downturns, with actions including deep capex
and dividend cuts, asset sales, significant gross debt reduction
and equity raises (approximately $2.2 billion in 2015 and 2016
combined). If the current downturn worsens, Fitch thinks the
company is likely to cut capex first.

Parent Subsidiary Linkage Reflects Integration: Fitch has equalized
the IDRs between parent Ovintiv Inc. and subsidiaries Ovintiv
Canada ULC, and Ovintiv Exploration Inc. This equalization is based
on strong legal ties among the entities. This includes Ovintiv's
explicit assumption of all legacy Encana debt as the new obligor.
It is also based on the extensive cross guarantees put into place
following the redomiciling which make unsecured debt pari passu.

DERIVATION SUMMARY

At 537,000 boepd (Q2), OVV is above average in size when compared
with peers including Hess (BBB-/Stable), Noble (BBB/RWP), Marathon
Oil (BBB-/Stable), Apache (BB+/Stable), and Murphy (BB+/Negative).
Geographic and basin diversification is above average for the peer
group, and includes the company's three core growth plays (Permian,
Anadarko and Montney) as well as several other base production
plays. However, cash netbacks remain below average versus
diversified E&P peers, due to the company's high exposure to
natural gas (48% of production at Q2) and NGLs. As calculated by
Fitch, at June 30, 2020, OVV's unhedged netbacks averaged
-$2.6/boe, versus $5.5/boe for APA, $2.1/boe for MUR, $2.0/boe for
MRO, and -$3.0/boe for HES. OVV's maturity wall and revolver
utilization are also somewhat larger than peers. No
parent/subsidiary, country ceiling or operating environment
considerations constrain the rating.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case for the Issuer

  -- Base Case WTI oil price of $38 in 2020; $42 in 2021; $47 in
2022; and $50 in 2023 and the long term;

  -- Base Case Henry Hub natural gas prices of $2.10/mcf in 2020;
and $2.45/mcf across the remainder of the forecast;

  -- Capex of $1.8 billion in 2020, declining to $1.5 billion in
2021, before rising thereafter in line with a rising price deck;

  -- Production of 531,000 boepd in 2020, 511,000 boepd in 2021,
498,000 boepd in 2022, and 518,000 boepd in 2023 with declines
concentrated in natural gas and lower value NGLs;

  -- No asset sales assumed.

RATING SENSITIVITIES

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

  -- Material gross debt reduction, accompanied by consistently
positive FCF and rising margins;

  -- Mid-cycle debt/EBITDA below 2.7x;

  -- Mid-cycle FFO leverage below 2.7x.

The Negative Outlook could be resolved to the degree the company
shows a trend of improvement in FCF generation and related
refinancing and liquidity issues.

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

  -- Inability to maintain adequate liquidity while addressing
upcoming maturities;

  -- Mid-cycle debt/EBITDA above 3.3x;

  -- Mid-cycle FFO leverage above 3.3x;

  -- Trend of additional gross debt increases.

LIQUIDITY AND DEBT STRUCTURE

Adequate Liquidity: OVV's liquidity is adequate but revolver
utilization is higher than most E&P peers. At June 30, 2020, the
company had $1.25 billion drawn on its $4.0 billion in revolver
capacity, or around 31% utilization, which includes the repurchase
of existing senior notes ($137 million in par value at a $22
million discount). The company also had $137 million in Letters of
credit (LOCs) issued against its uncommitted lines at June 30,
2020. OVV's revolver capacity is split between a $2.5 billion
unsecured revolver at Ovintiv Inc. and a separate $1.5 billion
revolver held at Ovintiv Canada ULC, both of which mature in July
2024. Following note repurchase activity, maturities over the next
few years include $590 million in 3.9% notes due Nov 2021, and a
$660 million 5.75% Jan 2022 note.

Financial Covenants: OVV's covenants are light, with the main
financial covenant a 60% maximum consolidated debt/capitalization
ratio on its unsecured credit facilities. The facility covenant
excludes nonrecourse debt, the Bow Office lease, and allows for the
add-back of approximately $7.7 billion in impairments originally
taken when the Canadian company converted to GAAP accounting in
2011. Other features include a negative pledge, restrictions on
changes in the nature of the business (unless the successor entity
is investment grade), and restrictions on the ability to issue debt
from non-guarantor material subsidiaries (maximum of 17.5% of
consolidated tangible assets). As of June 30, 2020, the company had
ample headroom on this covenant with an actual ratio of 35%, versus
28% at YE 2019.

REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF
RATING

The principal sources of information used in the analysis are
described in the Applicable Criteria.

ESG CONSIDERATIONS

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).


PALAZZA SFT: Crusco Family Objects to Disclosure Statement
----------------------------------------------------------
Crusco Family Trust Agreement filed an objection to Palazza SFT
Residential TX, LLC's Disclosure Statement and for good cause
respectfully shows as follows:

While the Disclosure Statement and the proposed Plan of
Reorganization recognize Crusco Family Trust's claim, it lists an
incorrect Post Maturity Interest rate. The correct post-maturity
interest rate is 18%.  For this reason, Crusco Family Trust objects
to the Disclosure Statement.

                   About Palazza SFT Residential TX

Palazza SFT Residential TX, LLC, based in Austin, TX, filed a
Chapter 11 petition (Bankr. W.D. Tex. Case No. 20-10336) on March
2, 2020.  In the petition signed by Larry R. Stauffer, authorized
representative, the Debtor was estimated to have $1 million to $10
million in both assets and liabilities.  The Hon. Tony M. Davis
oversees the case.  H. Anthony Hervol, Esq., at the Law Office of
H. Anthony Hervol, serves as bankruptcy counsel to the Debtor.


PLASKOLITE PPC: Moody's Alters Outlook on B3 CFR to Positive
------------------------------------------------------------
Moody's Investors Service changed Plaskolite PPC Intermediate II
LLC's outlook to positive from stable. At the same time, Moody's
has affirmed Plaskolite's B3 Corporate Family Rating and B3 ratings
on the first-lien term loan and revolving credit facility.

The positive outlook reflects the company's strong earnings and
cash flows in the next 12 to 18 months thanks to its large order
backlog of thermoplastic sheets, which are used to produce personal
protective equipment (PPE) to prevent the spread of coronavirus
among other applications. Moody's regards the coronavirus outbreak
as a social risk under its ESG framework, given the substantial
implications for public health and safety. Since March 2020, there
has been a demand surge in thermoplastic sheets being installed at
checkout counters, classrooms, assembly lines and many places where
people interact.

Outlook Action:

Issuer: Plaskolite PPC Intermediate II LLC

Outlook, Changed to Positive from Stable

Rating Affirmation:

Issuer: Plaskolite PPC Intermediate II LLC

Probability of Default Rating, Affirmed B3-PD

Corporate Family Rating, Affirmed B3

Senior Secured Bank Credit Facility, Affirmed B3 (LGD3)

RATINGS RATIONALE

Plaskolite's significant order backlog largely driven by the demand
for thermoplastic sheets used in face and safety shields will
result in strong earnings and cash flows for the company in the
next 12 to 18 months. Moody's expects Plaskolite's adjusted debt
leverage will decrease to about 6.0x by the end of 2020, which
positions the company strongly in the B3 rating category.

The strong demand will enable the company to generate strong free
cash flows, which can be deployed to business investments, bolt-on
acquisitions, shareholder distributions, debt repayment or a
combination of these. Its credit rating can be improved, if
management chooses to use free cash flows to reduce the absolute
amount of debt outstanding ($841.7 million as of June 30, 2020) and
adopt a more conservative financial policy. However, business
investments, acquisitions and dividends may be prioritized, as the
company is owned by a financial investor that has a more aggressive
financial policy compared to public companies and there is no
significant debt maturity until 2023.

Plaskolite has benefited from the strong demand for thermoplastic
sheets, such as acrylic and polycarbonate sheets, used in the
production of PPE since March 2020. The strong PPE orders have more
than offset the sales drop in its lighting and signage businesses.
Plaskolite reported a substantial surge in sales and earnings in Q2
2020, surpassing prior year levels by wide margins. Sales increased
by 32% year-on-year in Q2 2020. Adjusted debt leverage decreased to
6.9x for the last twelve months ending June 2020 from close to 8x
at the end of 2019.

Continued demand by hospitals, retail stores and schools will keep
its order inflow above historical levels and contribute to
favorable business results in the foreseeable future. As of the end
of June 2020, Plaskolite's order backlog exceeded $250 million,
about 40% of its annual sales. The company indicated that all
plants have remained open and two additional extrusion lines are
being added to accommodate the increasing demand. Raw material MMA
(methyl methacrylate) and PC (polycarbonate) resin prices declined
from December 2019 with no shortages experienced.

Plaskolite has a very strong liquidity profile. Plaskolite reported
about $40 million in cash balance and had $100 million undrawn
revolving credit facility at the end of June 2020. Moody's expects
the company to generate strong free cash flow in the next 12
months. Plaskolite's revolver has a springing maintenance
covenant—first lien net leverage ratio, which is set at 7.7x and
will only be tested once the outstanding principal amount exceeds
35% ($35 million) of the commitment. Moody's expects the company to
remain compliant with its financial covenant.

Plaskolite's rating is constrained by its business focus on
manufacturing acrylic sheets and polycarbonate sheets, reliance on
two major suppliers for methyl methacrylate ("MMA") and
polycarbonate resins, as well as relatively concentrated customers
base present business challenges versus large backward integrated
plastics producers.

Plaskolite's ratings also factor in the environmental, social and
governance considerations. Management has assumed substantial cost
savings from business acquisitions and raised a large amount of
debt ($850 million term loans and $100 million revolver) under its
private equity owner, which imply equity-focused financial policy.

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

Moody's could upgrade the rating, if the company improves its
earnings and free cash flows after a successful integration of the
acquired businesses, and reduces its debt leverage, such that
adjusted debt/EBITDA falls below six times on a sustainable basis.

Moody's could downgrade the rating, if debt leverage exceeds 7.5x
for an extended period or the company fails to generate positive
free cash flow or shows a substantive deterioration in liquidity.
More aggressive financial strategy could also lead to a rating
downgrade.

Plaskolite's first-lien term loan and revolver are rated B3, in
line with its CFR, reflecting their preponderance in the company's
debt capital and effective seniority to the second-lien term loan.
The second-lien term loan is not rated by Moody's.

The principal methodology used in these ratings was Chemical
Industry published in March 2019.

Plaskolite PPC Intermediate II LLC manufactures transparent
thermoplastic sheets such as acrylic and polycarbonate for
construction, retail, and other industrial end markets. Products
include consumer displays, kitchen and bath, lighting, museum
glass, signs, and windows/ doors. The company operates
manufacturing facilities mainly in the US and has a distribution
center in the Netherlands. Plaskolite is headquartered in Columbus,
Ohio. The company was acquired by PPC Partners from Charlesbank in
December 2018. Revenues amounted to $584 million in 2019.


POLYLAST SYSTEMS: Hires Minton CPAs as Accountant
-------------------------------------------------
Polylast Systems, LLC, seeks authority from the U.S. Bankruptcy
Court for the District of Arizona to employ Minton CPAs &
Associates, PLLC, as accountant to the Debtor.

Polylast Systems requires Minton CPAs to assist in the preparation
of the tax returns, financial statements, monthly operating
reports, and any other accounting matters that may require
assistance during the Chapter 11 proceeding.

Minton CPAs will be paid based upon its normal and usual hourly
billing rates. The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

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

Minton CPAs can be reached at:

     Christina Minton
     Minton CPAs & Associates, PLLC
     192 Ballard Court, Suite 207
     Virginia Beach, VA 23462
     Tel: (757) 546-2870

                   About Polylast Systems

Polylast Systems, LLC filed a voluntary Chapter 11 petition (Bankr.
D. Ariz. Case No. 19-15557) on Dec. 11, 2019, listing under $50,000
in assets and liabilities. Judge Brenda K. Martin oversees the
case.  The Debtor is represented by Allan D. NewDelman, P.C.


PUBLIC FINANCE AUTHORITY, WI: S&P Cuts Revenue Bond Rating to BB+
-----------------------------------------------------------------
S&P Global Ratings lowered its rating on Public Finance Authority,
Wis.' series 2015A and taxable series 2015A-T multifamily rental
housing revenue bonds, issued for North Pointe Affordable Housing
LLC, S.C.'s North Pointe Estates apartments project, two notches to
'BB+' from 'BBB'. The outlook is stable.

The rating action partially reflects the implementation of S&P's
criteria, titled "Methodology for Rating U.S. Public Finance Rental
Housing Bonds," published April 15, 2020, on RatingsDirect. The
rating is no longer under criteria observation.

The two-notch rating action also reflects S&P's opinion of the
project's low liquidity reserves, coupled with the rating agency's
final management-and-governance assessment, which is, in its view,
weak-to-very weak, suggesting the obligor might not manage
long-term risks effectively.

"We could lower the rating further if expenses were to increase
significantly without a commensurate revenue increase, causing
maximum annual debt service coverage to decrease, or if occupancy
were to decrease significantly, causing financial performance to
deteriorate," said S&P Global Ratings credit analyst Emily Avila.
"Although unlikely based on historical performance and low
liquidity reserves, we could revise the outlook to positive or
raise the rating if U.S. Department of Housing & Urban
Development's Real Estate Assessment Center score were to improve
and net cash flow were to grow, generating larger net operating
income and leading to improved maximum annual debt service
coverage."

S&P has analyzed the project's environmental, social, and
governance risks relative to debt service coverage and liquidity,
management and governance, and market position. The rating agency
views the obligor's governance risk as higher than average compared
with the sector standard based on its lack of risk-mitigation
policies and superficial strategic plans, leaving the project
vulnerable to operational volatility. Environmental risks are
in-line with sector standards because there are no elevated
environmental threats in the area.

In S&P's view, health-and-safety risks related to COVID-19, which
the rating agency considers a social risk under its environmental,
social, and governance factors, and what effect those risks will
have on timely debt-service payments will be minimal for subsidized
affordable multifamily housing properties. Therefore, in S&P's
opinion, the project's social risks are in-line with sector
standards.


RAHMANIA PROPERTIES: Unsecured Claims Are Unimpaired in Plan
------------------------------------------------------------
Rahmania Properties, LLC, submitted a Plan and a Disclosure
Statement.

The Plan complies with Section 1129(b) of the Bankruptcy Code, in
that 74th Street Funding as, the Holder of a Secured Claim against
the Debtor, will receive the value of its claim, while holders of
Secured and Priority Claims will be paid the full amount of their
Allowed Claims, and Holders of Unsecured Claims will be paid 100%
of their Claims over time, and the Debtor’s current equity holder
will maintain his Interest in the Debtor.

Class 4 Unsecured Claims totaling $1,058,000 are unimpaired.  The
Holders of Class 4 Unsecured Claims against the Debtor shall
receive the full amount of their Allowed Unsecured Claim in cash,
with interest at the federal judgment rate, payable in 5
installments as follows: 20% to be paid on the Effective Date, 20%
to be on the first year anniversary of the Effective Date; 20% to
be on the second year anniversary of the Effective Date; 20% to be
paid on the third year anniversary of the Effective Date; and 20%
to be paid on the fourth year anniversary of the Effective Date.

All Claims under the Plan, except for Unsecured Claims and
Interests shall be satisfied with the proceeds of any exit
financing obtained by the Debtor or in the event the Debtor is
unable to obtain exit financing by a sale of the Property. Allowed
Unsecured Claims shall be paid with the Debtor’s Available Cash
on the Effective Date and funds generated from the operation of the
Debtor’s business.

A full-text copy of the Disclosure Statement dated August 10, 2020,
is available at https://tinyurl.com/y3c7y33j from PacerMonitor.com
at no charge.

Attorneys for the Debtor:

     A. Mitchell Greene, Esq.
     Robert M. Sasloff, Esq.
     ROBINSON BROG LEINWAND GREENE
     GENOVESE & GLUCK P.C.
     875 Third Avenue, 9th Fl.
     New York, New York 10022
     Tel. No.: 212-603-6300

                    About Rahmania Properties

Rahmania Properties LLC owns and operates a mixed-use property in
Queens, N.Y.  It filed a Chapter 11 petition (Bankr. E.D.N.Y. Case
No. 15-43971) on Aug. 28, 2015.  In the petition signed by Mohammed
A. Rahman, president, the Debtor disclosed $6.8 million in assets
and $3.3 million in liabilities.


ROCKPORT DEV'T: Standings Buying San Diego Property for $1.25M
--------------------------------------------------------------
Rockport Development, Inc., asks the U.S. Bankruptcy Court for the
Central District of California to authorize the sale of the real
property located at and commonly known as 630 Gage Drive, San
Diego, California, APN 532-202-05, to Brian and Ashley Standing for
$1.25 million, subject to overbid.

The Property is directly owned by the Debtor.  The Agent agreed to
list the Property with an initial asking price of $1.395 million.
The Property has multiple liens, including, but not limited to a
first deed of trust in favor of Arixa Capital in the approximate
principal amount of $960,000 (the amount owing is higher due to
unpaid interest and fees on the underlying note), a second deed of
trust in favor of SC Development in the amount of $1.75 million
("SC Lien"), and a third deed of trust in favor of Everwin/Jumbo in
the amount of $1.15 million.

The CRO has negotiated a carve-out with Arixa, that provides a
$35,000 carve-out to the Estate to allow the Property to be sold,
and provides Arixa's consent to the sale free and clear of their
first priority lien.  The Arixa Stipulation will be filed with the
Court concurrently with the filing of the Motion.  

On July 7, 2020, SC Development Fund, LLC filed a voluntary
petition for relief under chapter 7 of the Bankruptcy Code in the
U.S. Bankruptcy Court for the Central District of California, Case
No. 8:20-bk-11977-ES.  On July 7, 2020, SC Development Fund IV
filed a voluntary petition for relief under chapter 7 of the
Bankruptcy Code in the U.S. Bankruptcy Court for the Central
District of California, Case No. 8:20-bk-11978-ES.  Weneta Kosmala
is the duly appointed chapter 7 trustee in the SC Cases.

On Aug. 5, 2020, the Debtor and the SC Trustee entered into a
Stipulation under which SC Development is providing the Estate with
a carve-out from its collateral so that the Property may be sold.
Under the SC Stipulation and SC Order the parties agreed that the
Debtor will sell the Property and, after payment of the Arixa Lien
and all customary costs of sale, the Debtor will split any
remaining amounts with SC Development with 65% going to the Debtor
and 35% going to the SC Trustee.  The SC Stipulation helped pave
the way for the sale contemplated in the Motion.

The Property has been listed on the SDMLS since Dec. 13, 2019, and
on sandandsearealty.com.  Ultimately, the efforts of the Agent
resulted in four offers to purchase the Property.  Among those, the
Debtor received an offer from the Buyers for $1.25 million, under
the terms of their Purchase and Sale Agreement and Escrow
Instructions, including addendums.  The Buyers provided the Debtor
with proof of funds, has removed all contingencies and made the
initial deposit of $20,000, which is held in trust pending Court
approval and closing of the sale.  The Buyers' offer is the highest
and best offer received by the Debtor, although the Agent continues
to market the Property for overbidders.

The Debtor proposes to distribute the sale proceeds in the amounts
estimated below and in the following manner:

      Description                                           Total

      Sale Price                                         $1,250,000

      Real Estate Commissions (4% of Sale Price)          
($50,000)
      Title, escrow, transfer taxes, recording charges     
($6,700) (estimated)
      Prorated Property Taxes (7/1/20-9/30/20)             
($3,200)
      Delinquent Property Taxes                           
($18,900)
      Arixa Lien (estimated per stipulation)           
($1,136,200)
      Remainder Per Carveout
         -Rockport Estate (65%) per Carveout with Arixa   
($21,000)
         -2nd Lien (35%)                                  
($12,200)
         -3rd Lien (0%)6                                         $0

      Unsecured Creditors (5%)                             
($1,800)
      Estimated Net Proceeds                                    
$0

While Debtor is prepared to accept the offer for the Property as
set forth in the Motion, it is also interested in obtaining the
maximum price for the Property.  Accordingly, it asks that the
Court authorizes it to implement an overbid procedure regarding the
sale of the Property.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Any overbid is actually received no later
than the commencement of the auction

     b. Initial Bid: At least $1,312,500 (the Purchase Price plus
5%).  Any Overbid must be for the Property "as is, where is," and
"with all faults" and will not contain any financing, due
diligence, or any other contingency fee, termination fee, or any
similar fee or expense reimbursement.

     c. Deposit: $20,000

     d. Auction: If the Debtor receives a timely, conforming
Overbid for the Property, the Court will conduct an auction of such
property at the hearing, in which all Qualified Bidders may
participate.  

     e. Bid Increments: $25,000

     f. The Successful Bidder must pay, at the closing, all amounts
reflected in the Best Bid in cash and such other consideration as
agreed upon.

The Debtor asks authority to complete the sale free and clear of
all liens, claims, and interests.  Because of the financial
condition of the Estate, the Debtor does not believe that there
will be any adverse tax consequences arising from the proposed
sale; but, the CRO will confirm with his accountants Grobstein
Teeple LLP and update the Court if there is any change in the
analysis.

Finally, the Debtor asks the Court to waive the 14-day stay period
of the Orde.

A hearing on the Motion is set for Oct. 1, 2020 at 11:00 a.m.

                    About Rockport Development

Rockport Development, Inc., a company based in Irvine, Calif.,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
C.D. Cal. Case No. 20-11339) on May 7, 2020.  On June 11, 2020,
Rockport's affiliate Tiara Townhomes LLC filed a Chapter 11
petition (Bankr. C.D. Cal. Case No. 20-11683).

Judge Scott C. Clarkson oversees the cases, which are jointly
administered under Case No. 20-11339.    

At the time of the filing, Rockport was estimated to have $10
million to $50 million in both assets and liabilities.  Tiara
Townhomes LLC disclosed assets of between $1 million and $10
million and liabilities of the same range.

The Debtor has tapped Marshack Hays, LLP as its legal counsel, and
Michael VanderLey of Force Ten Partners, LLC as its CRO.


RUSSELL CLARK: Steiners Buying Salisaw Property for $45K
--------------------------------------------------------
Russell Scott Clark and Cheryn Blair Clark ask the U.S. Bankruptcy
Court for the Eastern District of Oklahoma to authorize the sale of
Lots 9 and 10 on East 1146 in the Kerr Lake Estates in Section 12
Tn 10 North Right 23 East, together with all appurtenances and
improvements located thereon, as more fully described in Exhibit A,
to Bob and Lisa Steiner for $45,000.

The real property is collateral/security for a promissory note and
mortgage executed by the Debtors and owned by First National Bank
of Heavner.  It is a negotiated sale which the debtors propose to
close as soon as Court approval is obtained.

The proceeds from the sale will be paid to the lien holder at
closing.

A closing statement of the sale will be provided by the Debtors to
the Chapter 11 Trustee, Charles Greenough, within 15 of the sale of
the subject real estate.

A copy of the Exhibit A is available at
https://tinyurl.com/y5dzuthw from PacerMonitor.com free of charge.


Russell Scott Clark and Cheryn Blair Clark sought Chapter 11
protection (Bankr. E.D. Okla. Case No. 18-81371) on Dec. 13, 2018.
On May 1, 2019, Charles Greenough was appointed Chapter 11 Trustee.


RUTABAGA CAFE: Seeks Approval to Hire Bruner Wright as Counsel
--------------------------------------------------------------
Rutabaga Cafe/Soiree Catering, LLC seeks approval from the U.S.
Bankruptcy Court for the Northern District of Florida to hire
Bruner Wright, P.A. to handle its Chapter 11 case.

Bruner Wright's hourly rates for attorney and paralegal services
are as follows:

     Robert C. Bruner               $400
     Byron Wright III               $300
     Thomas Woodward:               $400
     Paralegal                      $150

The firm received from Debtor a sum of $2,500 as retainer.

Byron Wright III, Esq., a member of Bruner Wright, disclosed in
court filings that he does not represent any interest adverse to
Debtor.

The firm can be reached through:

     Byron Wright III, Esq.        
     Bruner Wright, P.A.        
     2810 Remington Green Circle        
     Tallahassee, FL 32308         
     Telephone: (850) 385-0342
     Facsimile: (850) 270-2441
     Email: twright@brunerwright.com

                About Rutabaga Cafe/Soiree Catering

Rutabaga Cafe/Soiree Catering, LLC, a Chattahoochee, Fla.-based
restaurant company, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Fla. Case No. 20-40247) on June 10,
2020.  

At the time of the filing, Debtor was estimated to have assets of
less than $50,000 and liabilities of between $100,000 and
$500,000.

Judge Karen K. Specie oversees the case.  Debtor has tapped Charles
M. Wynn Law Offices, PA as its legal counsel.


SCOUTCAM INC: Reports $1.4-Mil. Net Loss for the March 31 Quarter
-----------------------------------------------------------------
ScoutCam Inc. filed its quarterly report on Form 10-Q, disclosing a
net loss of $1,413,000 on $40,000 of revenues for the three months
ended March 31, 2020, compared to a net loss of $329,000 on $24,000
of revenues for the same period in 2019.

At March 31, 2020, the Company had total assets of $4,676,000,
total liabilities of $1,957,000, and $2,719,000 in total
shareholders' equity.

During the three month ended March 31, 2020, the Company incurred a
loss of US$1,413 thousand and negative cash flows from operating
activities of approximately US$1,137 thousand.  Based on the
projected cash flows, the Company's Management is of the opinion
that without further fundraising it will not have sufficient
resources to enable it to continue its operating activities
including the development, manufacturing and marketing of its
products within one year after the issuance date of these financial
statements.  As a result, there is a substantial doubt about the
Company's ability to continue as a going concern within one year
after the issuance date of these financial statements.

A copy of the Form 10-Q is available at:

                       https://is.gd/4hCDeh

ScoutCam Inc. develops and manufactures customized visual solutions
for organizations across various industries in the form of highly
resistant micro cameras and supplementary technologies. Its
smallest cameras with high resolution technology has unique
properties that have been authenticated by customers, such as NASA
in the environmental conditions, including extreme temperatures,
vibrations, and radiation. Its devices are used in the medical,
aerospace, industrial, research, and defense industries. ScoutCam
Inc. was founded in 2019 and is based in Omer, Israel.


SEHAR INC: Seeks Court Approval to Hire Accountant
--------------------------------------------------
Sehar Inc. seeks approval from the U.S. Bankruptcy Court for the
Northern District of Indiana to hire Kimberlee Bontrager, a
certified public accountant practicing in Michigan.

The services that will be provided by the accountant include the
preparation of reports, financial statements and matters related to
the filing of tax forms and returns.

Debtor will pay the accountant $200 per hour for standard
accounting work and $300 per hour for monthly reports.

Ms. Bontrager assured the court that she does not represent any
adverse interest to Debtor and its estate.

Ms. Bontrager holds office at:

     Kimberlee Bontrager, CPA
     67036 N M66
     Sturgis, MI 49091

                         About Sehar Inc.

Sehar, Inc. is a privately held company in the gasoline service
stations industry based in Middlebury, Indiana. On May 11, 2020,
Sehar sought Chapter 11 protection (Bankr. N.D. Ind. Case No.
20-30785).  Sehar President Harpreet Singh signed the petition.

At the time of the filing, Debtor disclosed total assets of
$56,351,600 and total liabilities of $27,960,931.

Judge Harry C. Dees, Jr. oversees the case.  Fred Wehrwein, P.C. is
Debtor's legal counsel.


SONOMA PHARMACEUTICALS: Three Proposals Passed at Annual Meeting
----------------------------------------------------------------
Sonoma Pharmaceuticals, Inc.'s adjourned annual meeting of
stockholders was held on Sept. 18, 2020, at which the
stockholders:

   (1) elected Jerry McLaughlin as the Company's Class III
       director;

   (2) approved, by non-binding advisory vote, the compensation
       of the Company's named executive officers for the year
       ended March 31, 2020;

   (3) approved the ratification of the appointment of Marcum LLP
       as the Company's independent registered public accounting
       firm for the fiscal year ending March 31, 2021; and

   (4) did not approve the adoption of the Company's 2020 Equity
       Incentive Plan.

                 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.


SOPHIA LP: S&P Assigns 'B' Rating on New First-Lien Debt
--------------------------------------------------------
S&P Global Ratings assigned its 'B' issue-level and '2' recovery
ratings to Reston, Va.-based Sophia L.P.'s (doing business as
Ellucian) proposed $1.6 billion senior secured first-lien term loan
due 2027 and $150 million revolving credit facility due 2025. The
'2' recovery rating indicates its expectation for substantial
(70%-90%; rounded estimate: 70%) recovery in the event of a
default. The proposed $540 million senior secured second-lien term
loan due 2028 will be privately placed and unrated. All of its
other ratings on Sophia are unchanged.

Ellucian plans to use the proceeds and $72 million of cash to fund
a $298 million dividend to shareholders and refinance its
outstanding debt ($1.852 billion). The dividend is the first under
its current ownership. The issuance improves its debt maturity
profile by extending the maturity of its outstanding debt to 2027
and 2028 from 2022 ($1.362 billion) and 2023 ($540 million).

Pro forma for the proposed debt issuance, June 2020 leverage will
rise to 8.5x from 7.8x. S&P expects leverage to stay in the mid-8x
area through fiscal 2020 and improve to the low-8x area in 2021.
S&P estimates annualized cash interest to increase about $30
million under the new capital structure. Contributing to the higher
interest is the $288 million net increase in debt and about 100
basis points of unfavorable pricing on its refinanced first-lien
debt.

Budget uncertainties facing higher educational institutions as
administrators evaluate how and when campus life can return to
normal are expected to present headwinds for Ellucian in 2020. S&P
believes this will likely limit the company's new customer
acquisitions and delay planned implementations in 2020. Ellucian's
high 90% gross retention rates and 82% contractually recurring
revenue (includes managed services) provide some stability to
revenue, but S&P expects revenue declines of about 3% in 2020. S&P
attributes the declines to lower professional services revenue from
delayed implementations and the cancellation of its annual user
conference. To offset the lower revenue, management has implemented
numerous cost-saving initiatives in addition to lower travel and
expense costs. S&P believes the initiatives enacted will enable
2020 EBITDA levels to remain flat compared with 2019 and limit the
negative impact on free operating cash flow (FOCF), with financial
risk metrics left relatively unchanged.

Education technology providers typically experience seasonally low
cash balances during the summer months. With the bulk of cash
collections occurring in the September quarter, coinciding with the
start of a new academic year, it is common for these companies to
draw on their revolvers in the interim. This dynamic, coupled with
prudent measures to bolster liquidity during the early days of the
pandemic, led Ellucian to draw $135 million on its revolver. S&P
estimates under normal conditions its needs would have been about
$60 million, if not lower (2017: $100 million, 2018: $90 million,
2019: $70 million). Realizing that cash collections were relatively
uninterrupted from the disruptive effects of COVID-19, management
deemed the excess liquidity to no longer be necessary.
Subsequently, the revolver was repaid in full in September, in line
with when it normally repays the drawn amounts.

With Ellucian meaningfully increasing its FOCF from 2017-2019
through continued revenue growth and lower capitalized software
development (product investments), S&P believes future revolver
needs might decrease over time, as has occurred during the
aforementioned time frame. However, with the increased interest
burden and sales disruption occurring in 2020, S&P forecasts future
seasonal needs to be about $60 million in 2021.

"We expect Ellucian to have about $70 million of cash at the close
of the transaction with fiscal 2020 year-end balances of about $60
million. We expect FOCF to be about $70 million in 2020 and about
$80 million in 2021, with full availability under its proposed $150
million revolver. We continue to view Ellucian's liquidity as
adequate," S&P said.

S&P's base case scenario

-- U.S. GDP decline of 5% in 2020 and growth of about 6% in 2021,
Low-single-digit percentage revenue declines in 2020 as higher
education institutions await better budget visibility and defer
systems implementations.

-- Low-single-digit percentage revenue growth in 2021 as
administrators gain better budget visibility.

-- EBITDA margins in the low-30% area in 2020 and 2021.

-- Annual capital expenditure of about $12 million.

-- Negligible capitalized software development costs going
forward.

Based on these assumptions, S&P arrives at the following credit
measures:

-- S&P Global Ratings-adjusted leverage in the mid-8x area in 2020
and low-8x area in 2021.

-- S&P Global Ratings FOCF to debt of about 3.5% in 2020 and 4% in
2021.

Issue Ratings--Recovery Analysis

Key analytical factors

-- S&P's simulated default scenario assumes a default in 2022 due
to a combination of execution missteps and increased industry
competition from larger software companies that are already
operating in this market, resulting in customer losses.

-- A combination of these events would pressure liquidity and
eventually trigger a default. S&P believes that Sophia would be a
good acquisition target in default given its long-term contracts
and strong brand in higher-education enterprise resource planning.

-- S&P values the company on a going-concern basis using a 7x
enterprise value multiple of its projected $188 million emergence
EBITDA.

Simulated default assumptions

-- Simulated year of default: 2022
-- EBITDA at emergence: $188 million
-- EBITDA multiple: 7x
-- LIBOR at default: 2.5%

Simplified waterfall

-- Net enterprise value (after 5% administrative costs): $1.26
billion

-- Valuation split (obligors/nonobligors): 90%/10%

-- Value available to first-lien debt claims: $1.23 billion

-- Secured first-lien debt claims: $1.76 billion

-- Secured first-lien recovery expectations: 70%-90% (rounded
estimate: 70%)

-- Secured second-line debt claims: $568 million

-- Secured second-lien recovery expectations: unrated

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


SOTHERLY HOTELS: Says Substantial Going Concern Doubt Exists
------------------------------------------------------------
Sotherly Hotels Inc. filed its quarterly report on Form 10-Q,
disclosing a net loss of $13,332,205 on $37,208,465 of total
revenue for the three months ended March 31, 2020, compared to a
net loss of $390,205 on $47,390,304 of total revenue for the same
period in 2019.

At March 31, 2020, the Company had total assets of $474,762,831,
total liabilities of $390,700,698, and $84,062,133 in total
equity.

The Company said, "Because any forbearance agreements, waivers or
loan modifications would be granted at the sole discretion of the
lenders, we have determined that there is substantial doubt about
our ability to continue as a going concern for one year after the
date the financial statements are issued.  U.S. generally accepted
accounting principles ("U.S. GAAP") requires that in making this
determination, we cannot consider future fundraising activities,
whether through equity or debt offerings or dispositions of hotel
properties, or the likelihood of obtaining forbearance agreements,
covenant waivers or loan modifications, all of which are outside of
the Company's control.  Management believes that obtaining
forbearance agreements, waivers or loan modifications from our
lenders would remove the reason for the determination of
substantial doubt.  However, any such arrangement may lead to
increased costs, increased interest rates, additional restrictive
covenants and other possible lender protections.  In addition to or
in lieu of obtaining concessions from lenders, we believe we could
raise additional funds, if needed, through a combination of hotel
dispositions or debt or equity financings."

A copy of the Form 10-Q is available at:

                       https://is.gd/N4gGwq

Sotherly Hotels Inc. is a self-managed and self-administered
lodging REIT focused on the acquisition, renovation, upbranding and
repositioning of upscale to upper-upscale full-service hotels in
the Southern United States. Currently, the Company's portfolio
consists of investments in twelve hotel properties, comprising
3,156 rooms, as well as interests in two condominium hotels and
their associated rental programs. The Company owns hotels that
operate under the Hilton Worldwide, Hyatt Hotels Corporation, and
Marriott International, Inc. brands, as well as independent hotels.
Sotherly Hotels Inc. was organized in 2004 and is headquartered in
Williamsburg, Virginia.



SOUNDVIEW PREPARATORY: Hires Kirby Aisner as Legal Counsel
----------------------------------------------------------
Soundview Preparatory School seeks authority from the US Bankruptcy
Court for the Southern District of New York to hire Kirby Aisner &
Curley LLP, as its legal counsel.

Soundview requires Kirby Aisner to:

     a. give advice to the Debtor with respect to its powers and
duties as a Debtor-in-Possession and the continued management of
its property and affairs;

     b. negotiate with creditors of the Debtor and work out a
Chapter 11 plan and take the necessary legal steps in order to
effectuate such a plan including, if need be, negotiations with the
creditors and other parties in interest;

     c. prepare the necessary answers, orders, reports and other
legal papers required for the Debtor who seeks protection from
their creditors under Chapter 11 of the Bankruptcy Code;

     d. appear before the Bankruptcy Court to protect the interest
of the Debtor and to represent the Debtor in all matters pending
before the Court;

     e. attend meetings and negotiate with representatives of
creditors and other parties in interest;

     f. advise the Debtor in connection with the sale of its
assets;

     g. take any necessary action to obtain approval of a
disclosure statement and confirmation of a plan of reorganization;
and

     h. perform all other legal services for the Debtor which may
be necessary for the preservation of the Debtor's estate and to
promote the best interests of the Debtor, its creditors and its
estate.

Kirby Aisner will charge for its legal services on an hourly basis
and has agreed to a reduced rate from its ordinary and customary
hourly rates for services of this type and nature. Kirby Aisner
will also charge for its actual, reasonable and necessary
out-of-pocket disbursements incurred in connection therewith.

Kirby Aisner does not hold or represent any interest adverse to the
Debtor with respect to the matters for which it is being retained,
and is a "disinterested person" as that phrase is defined in
section 101(14) of the Bankruptcy Code, according to court
filings.

The firm can be reached through:

     Erica Feynman Aisner, Esq.
     Kirby Aisner & Curley LLP
     700 Post Rd Suite 237
     Scarsdale, NY 10583
     Phone: +1 914-401-9500
     Email: eaisner@kacllp.com

                       About Soundview Preparatory School

Soundview Preparatory School is a New York not-for-profit education
corporation duly incorporated under the laws of the State of New
York and issued an absolute charter by action of the Board of
Regents.

Soundview Preparatory School filed a voluntary petition for relief
under chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
20-22948) on August 19, 2020. At the time of filing, the Debtor
estimated 1,000,001 to $10 million in both assets and liabilities.
Erica Feynman Aisner, Esq. at Kirby Aisner & Curley LLP is the
Debtor's counsel.


SOUTHERN VETERINARY: Moody's Assigns B3 CFR, Outlook Stable
-----------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating and
B3-PD Probability of Default Rating to Southern Veterinary
Partners, LLC. Moody's also assigned B2 ratings to the company's
proposed first-lien credit facilities, consisting of a $30 million
revolver expiring 2025, a $435 million term loan due 2027, and a
$60 million delayed draw term loan due 2027. Moody's also assigned
a Caa2 rating to the $140 million second-lien term loan. Proceeds
from the new term loans will be used to refinance existing debt and
finance future acquisitions. The rating outlook is stable.

The following ratings were assigned:

Issuer: Southern Veterinary Partners, LLC:

Corporate Family Rating, B3

Probability of default rating, B3-PD

Senior Secured First Lien Revolver due 2025 at B2 (LGD3)

Senior Secured First Lien Term Loan due 2027 at B2 (LGD3)

Senior Secured First Lien Delayed Draw Term Loan due 2027 at B2
(LGD3)

Senior Secured Second Lien Term Loan due 2028 at Caa2 (LGD6)

Outlook Actions:

Outlook, Assigned Stable

All ratings are subject to receipt and review of final
documentation.

RATINGS RATIONALE

Southern Veterinary Partners, LLC's B3 Corporate Family Rating
(CFR) broadly reflects its very high financial leverage
(Moody's-adjusted debt-to-EBITDA of 8.7 times on a pro forma
basis), which Moody's expects to persist as the company continues
to use debt to fund acquisitions. The rating is also constrained by
the company's modest absolute scale, and event and financial policy
risks related to both the aforementioned aggressive acquisition
strategy and its private equity ownership. There are risks to the
company's rapid growth strategy, including inability to integrate
and manage growth, and a high level of recurring expenses which
constrain cash flow. SVP's rating benefits from favorable long-term
trends in the pet care sector that underpin Moody's expectation for
healthy same-store sales growth in the mid-single-digits. The
rating is also supported by the company's good track record of
integrating acquisitions. SVP's good liquidity profile is supported
by Moody's expectation of break-even to modestly positive free cash
flow, a sizable cash balance, and full access to a revolving credit
facility and incremental delayed draw term loan.

The stable outlook reflects Moody's expectation that leverage will
remain high as SVP continues to use debt to fund acquisitions, but
that the company's relatively stable business profile will result
in sustained mid-single digit top line growth, along with positive,
albeit modest, free cash flow.

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

The ratings could be downgraded if operational performance
deteriorates or liquidity weakens, or the company fails to generate
positive free cash flow. Inability to manage its rapid growth, or
if EBITA-to-interest falls below one times, could also put downward
pressure on the company's ratings.

The ratings could be upgraded if the company delivers sustained
revenue and earnings growth and is successful in integrating
acquisitions. Moderation of financial policies, partially evidenced
by debt/EBITDA sustained below 6.5 times, along with sustained
positive cash flows could also support an upgrade.

Following are some of the preliminary credit agreement terms, which
remain subject to market acceptance.

The proposed first and second lien term loans are expected to have
no financial maintenance covenants while the proposed revolving
credit facility will contain a springing maximum first lien net
leverage ratio that will be tested when the revolver is more than
35% drawn. In addition, the first lien credit facility contains
incremental facility capacity up to the greater of $80 million or
100% of consolidated EBITDA, plus an additional amount subject to
either: 1) a 5.50x pro forma First Lien Net Leverage Ratio; 2) a
7.25x Senior Secured Net Leverage Ratio, or 3)a 7.50x Total Net
Leverage Ratio. There are no "blocker" provisions providing
additional restrictions on top of the covenant carve-outs to limit
collateral leakage through transfers of assets to unrestricted
subsidiaries. Subsidiaries are only required to provide guarantees
if wholly-owned, raising the risk that a sale or disposition of
partial equity interests could trigger a guarantee release. Within
the first lien credit agreement, there will be leverage-based
step-downs in the asset sale prepayment requirement. If the First
Lien Net Leverage Ratio is equal to or less than 5.00:1.00 the
requirement steps down to 50% of asset sale proceeds and it steps
down to 0% if the ratio is at or below 4.50:1.00.

Social and governance considerations are material to SVP's credit
profile. The rating reflects negative social risk as a result of
the coronavirus outbreak given its risk to patient and service
providers' health and safety. However, Moody's does not consider
the veterinary hospital service providers to face the same level of
social risk as many other healthcare providers. Growth in the
number of US households that own pets provides for a favorable
long-term trend in the pet care sector that underpins healthy
same-store sales growth. Among governance considerations, SVP's
financial policies under private equity ownership are aggressive,
reflected in very high initial debt levels following the
recapitalization, as well as a strategy to supplement organic
growth with material debt-funded acquisitions.

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

Headquartered in Birmingham, Alabama, Southern Veterinary Partners,
LLC ("SVP") is a national veterinary hospital consolidator,
offering a full range of medical products and services, and
operating nearly 170 general practice locations across 17 states.
The company generated pro forma revenues of approximately $415
million for the twelve months ended June 30, 2020. SVP is a
portfolio company of private equity firm Shore Capital Partners.


SPHERE 3D: Discloses Substantial Doubt on Remaining Going Concern
-----------------------------------------------------------------
Sphere 3D Corp. filed its quarterly report on Form 10-Q, disclosing
a net loss of $1,103,000 on $1,010,000 of revenue for the three
months ended March 31, 2020, compared to a net loss of $1,844,000
on $2,130,000 of revenue for the same period in 2019.

At March 31, 2020, the Company had total assets of $8,057,000,
total liabilities of $7,856,000, and $201,000 in total
shareholders' equity.

Sphere 3D said, "The Company incurred losses from operations and
negative cash flows from operating activities for the three months
ended March 31, 2020, and such losses may continue for the
foreseeable future.  Based upon the Company's current expectations
and projections for the next year, the Company believes that it
will not have sufficient liquidity necessary to sustain operations
beyond August 31, 2020.  These factors, among others, raise
substantial doubt that the Company will be able to continue as a
going concern."

A copy of the Form 10-Q is available at:

                       https://is.gd/AdDDkV

Sphere 3D Corp. provides next-generation solutions for standalone
storage and long-term data archive products, as well as
technologies that converge the traditional silos of compute,
storage and network into one integrated "hyper-converged" or
converged solution.  The Company provides enterprise storage
management solutions, the archiving of the data created by these
solutions, and the ability to connect to public cloud services such
as Microsoft Azure for additional delivery options and hybrid cloud
capabilities.  It was incorporated in 2007 and is headquartered in
Mississauga, Canada.


STEIN MART: A&G Begins Marketing Leases for 280 Store Locations
---------------------------------------------------------------
A&G Real Estate Partners (A&G) has begun marketing leases for
approximately 280 store locations across the United States that are
being closed by Stein Mart, Inc. in connection with its voluntary
Chapter 11 bankruptcy. The firm, which was retained as the
retailer's real estate advisor, is also offering leases for three
distribution centers and two office properties.

The Jacksonville, Florida-based chain's stores range in size from
25,000 square feet to 51,000 square feet, and average 35,000 square
feet.  Stores are located in 30 states, with heavy  concentrations
in Arizona, California, Florida, Georgia, North Carolina, Ohio,
South Carolina, Tennessee, Texas, and Virginia.

"The Stein Mart stores offer excellent opportunities for
expansion-minded retailers, grocers, gyms, entertainment venues,
large medical facilities and other users to gain entry in coveted
power centers, lifestyle centers and neighborhood centers at
favorable rents," said A&G Co-President Emilio Amendola. "With many
of the leases also offering options, these sites are also
attractive to investors."

Leases for distribution centers include a 91,761-square-foot
facility in Ontario, California; a 75,050-square-foot building in
Grand Prairie, Texas, and a 30,122-square-foot site in Lithia
Springs, Georgia. Also available are a pair of 32,200-square-foot
offices in Jacksonville, Florida.

"These distribution centers and offices provide strong
opportunities for companies of all types to pick up leases for
well-located properties at low rents," said A&G Senior Managing
Director
Mike Matlat.

Liquidation sales are currently under way at all locations.

A listing of the individual leases is available at www.agrep.com.

                       About Stein Mart, Inc.

Stein Mart, Inc. (NASDAQ: SMRT) -- http://www.SteinMart.com/-- is
a national specialty omni off-price retailer offering designer and
name-brand fashion apparel, home decor, accessories and shoes at
everyday discount prices. Stein Mart provides real value that
customers love every day. The company operates 281 stores across 30
states.

Stein Mart Inc. and its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. M.D. Fla. Case Nos. 20-02387 to
20-02389) on Aug. 12, 2020.  As of May 2, 2020, the Debtors had
total assets of $757.6 million and total liabilities of $791.2
million.  

Judge Jerry A. Funk oversees the cases.

The Debtors tapped Foley & Lardner LLP as their legal counsel,
Clear Thinking Group LLC as financial advisor, and Stretto as
claims and noticing agent.



STEIN MART: Has Substantial Doubt on Staying as a Going Concern
---------------------------------------------------------------
Stein Mart, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $65,717,000 on $138,182,000 of total
revenue for the 13 weeks ended May 2, 2020, compared to a net
income of $3,969,000 on $319,382,000 of total revenue for the 13
weeks ended May 4, 2019.

At May 2, 2020, the Company had total assets of $757,539,000, total
liabilities of $791,248,000, and $33,709,000 in total shareholders'
deficit.

The Company disclosed significant risks and uncertainties related
to its liquidity that raise substantial doubt about its ability to
continue as a going concern.

The Company said, "In March 2020, we announced the temporary
closure of all stores for an unknown period of time and significant
actions taken to mitigate the ongoing impact of the COVID-19
pandemic on our cash flows to protect our business and associates
for the long term in response to the crisis.  Such actions include
targeted reductions in discretionary operating expenses such as
advertising and payroll expenses, including furloughing a
significant number of our employees and temporarily reducing the
payroll of remaining employees, suspensions and/or deferrals of
payments due to landlords and vendors, reducing capital
expenditures, reducing merchandise receipts and utilizing funds
available under our Revolving Credit Facility and Promissory Note.
Further, we have sought and are seeking extended payment terms with
all vendors, including merchandise, expense and rent vendors.  All
stores are now open but we are unable to predict if additional
periods of store closures will be needed or mandated.  Further, we
are unable to predict when consumer spending patterns will
normalize.  Continued impacts of the pandemic could materially
adversely affect our near-term and long-term revenues, earnings,
liquidity and cash flows, ability to secure suitable merchandise
and may require significant actions in response, including but not
limited to, further employee furloughs, reduced store hours, store
closings, expense reductions or discounting of pricing of our
products, all in an effort to mitigate such impacts.  The outcome
of the impacts from the COVID-19 pandemic is subject to a high
degree of uncertainty and is dependent upon factors that are
outside of the Company's control, including actions of federal and
local governments and consumer behavior.  There is no assurance
that additional credit or liquidity will be available to us."

A copy of the Form 10-Q is available at:

                       https://is.gd/WE5aXD

Stein Mart, Inc., a national specialty off-price retailer, offers
designer and name-brand fashion apparel, home decor, accessories
and shoes at everyday discount prices.  The Company is based in
Jacksonville, Florida.


STEIN MART: Seeks to Hire A&G Realty as Real Estate Advisor
-----------------------------------------------------------
Stein Mart, Inc. and its affiliates received approval from the U.S.
Bankruptcy Court for the Middle District of Florida to hire A&G
Realty Partners, LLC as their real estate advisor.

A&G Realty will provide the following services in connection with
Debtors' Chapter 11 cases:

     (a) market the leases for sale in a manner and form as
determined by A&G Realty, Debtors and the unsecured creditors'
committee appointed in the cases or advise Debtors and the
committee that a sale of some or all the leases is not feasible
under the circumstances;

     (b) negotiate with landlords in order to assist Debtors in
obtaining waivers of administrative rent; and

     (c) provide update reports to the Debtors and the committee
regarding the status of the services.

A&G Realty will be compensated in accordance with the proposed fee
structure as follows:

     (a) The firm will receive a retainer fee in the amount of
$50,000 upon execution of its services agreement with Debtors.

     (b) For each lease that is terminated, the firm will get 4
percent of the total "administrative expense waiver" per lease.

     (c) For each lease sold, the firm will get 4 percent of the
gross proceeds per lease.

Emilio Amendola, co-president of A&G Realty, disclosed in court
filings that the firm is a "disinterested person" as such term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Emilio Amendola
     A&G Realty Partners, LLC
     445 Broadhollow Road, Suite 410
     Melville, NY 11747
     Telephone: (631) 465-9507
     Email: emilio@agrep.com

                       About Stein Mart Inc.

Stein Mart, Inc. (NASDAQ: SMRT) is a national specialty omni
off-price retailer offering designer and name-brand fashion
apparel, home decor, accessories and shoes at everyday discount
prices. It operates 281 stores across 30 states.  Visit
http://www.SteinMart.comfor more information.

Stein Mart and its affiliates sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 20-02387) on
Aug. 12, 2020. As of May 2, 2020, Debtors had total assets of
$757.6 million and total liabilities of $791.2 million.  

Judge Jerry A. Funk oversees the cases.

Debtors have tapped Foley & Lardner LLP as their legal counsel,
Clear Thinking Group LLC as financial advisor, A&G Realty Partners,
LLC as real estate advisor, and Stretto as claims and noticing
agent.


STEPSTONE GROUP: S&P Hikes ICR to 'BB+' on Leverage Reduction
-------------------------------------------------------------
S&P Global Ratings said it raised its issuer credit rating on
StepStone Group L.P. to 'BB+' from 'BB'. At the same time, S&P
removed the rating from CreditWatch, where S&P had placed it with
positive implications on Sept. 9. The outlook is stable.

The upgrade follows StepStone Group's IPO of about $293.7 million
on Sept. 16. In addition, StepStone has granted the underwriters a
30-day option to purchase up to an additional 2.625 million shares
of its Class A common stock at the IPO price, less underwriting
discounts and commissions. The company intends to use the proceeds
to repay the entirety of its term loan, fund general partner
commitments, and for general corporate purposes.

The repayment of debt, happening simultaneously with the IPO, will
drastically reduce the company's leverage. As of June 30, 2020, the
company still had over $146 million outstanding on its term loan.
StepStone believes that it will not need additional debt sources of
funding, at least over the next one to two years, given its strong
free-cash-flow generation. As a result, S&P's base-case scenario
includes that the company will not issue new debt and continue to
grow at a moderate pace.

"In our analysis, we also consider the company's small scale and
concentration in private equity strategies relative to peers.
Despite the company's substantial growth in recent years, it's
still one of the smallest asset managers we rate," S&P said.

S&P believes the company's improved financial metrics provide
support to the rating, but its smaller assets under management base
relative to peers puts it at the lower end of the range for a fair
business risk assessment.

"We are factoring in a negative one notch adjustment, for
comparable rating analysis, based on our long-term view of the
company's capital structure. Although we expect StepStone to
operate with no debt over the next year or so, over the long term
we believe the company will likely incorporate debt as part of its
capital structure," S&P said.

"The timing and amount is uncertain to us. Consequently, we would
look for the company to establish a track record of maintaining
leverage below 1.5x before removing the peer notch. Overall, we
believe that an established financial policy as a public company,
and commitment to lower leverage commensurate with an
investment-grade rating, could result in removing the peer notch,"
the rating agency said.

The stable outlook reflects S&P's expectation that fee-paying
assets under management will increase over the next one to two
years while investment performance remains strong. The rating
agency expects leverage to remain between 0x and 1.5x.

"We could lower the ratings if leverage increases to 1.5x or more
as a result of debt issuances or weaker cash flow generation. We
would also lower the ratings if the company experiences significant
underperformance, or if the diversification of the portfolio
diminishes," S&P said.

"We could raise the ratings if the company continues to diversify
its portfolio into other asset classes or materially increases the
size of its assets under management and assets under advisory. We
may also raise the rating if it demonstrates that it will manage
leverage below 1.5x on a sustained basis as a public company," the
rating agency said.


STRATEGIC ENVIRONMENTAL: Incurs $626,000 Loss for March 31 Quarter
------------------------------------------------------------------
Strategic Environmental & Energy Resources, Inc. filed its
quarterly report on Form 10-Q, disclosing a net loss (attributable
to common stockholders) of $626,100 on $824,000 of total revenue
for the three months ended March 31, 2020, compared to a net loss
(attributable to common stockholders) of $550,600 on $1,172,200 of
total revenue for the same period in 2019.

At March 31, 2020, the Company had total assets of $2,957,300,
total liabilities of $9,841,100, and $6,883,800 in total deficit.

The Company has experienced recurring losses, and has accumulated a
deficit of approximately $27.6 million as of March 31, 2020, and
$27.0 million as of December 31, 2019.  For the three months ended
March 31, 2020, and 2019, the Company incurred net losses from
continuing operations of approximately $0.7 million and $0.2
million, respectively.  The Company had a working capital deficit
of approximately $7.6 million at March 31, 2020, a increase of $0.6
million in working capital deficit from $7.0 million at December
31, 2019.   The Company said that these factors raise substantial
doubt about its ability to continue to operate as a going concern.

A copy of the Form 10-Q is available at:

                       https://is.gd/HEFZRh

Strategic Environmental & Energy Resources, Inc., together with its
subsidiaries, provides clean-technologies, waste management
innovations, and related services to companies primarily in the oil
and gas, refining, landfill, food, beverage and agriculture, and
renewable fuel industries in the United States and internationally.
The company operates in three segments: Industrial Cleaning,
Environmental Solutions, and Solid Waste. The company is
headquartered in Golden, Colorado. Strategic Environmental & Energy
Resources, Inc. is a subsidiary of New Stratus Energy Inc.



SUNDANCE ENERGY: Reports $60.2M Net Income for March 31 Quarter
---------------------------------------------------------------
Sundance Energy Inc. filed its quarterly report on Form 10-Q,
disclosing a net income of $60,242,000 on $32,343,000 of total
revenues for the three months ended March 31, 2020, compared to a
net loss of $37,209,000 on $47,740,000 of total revenues for the
same period in 2019.

At March 31, 2020, the Company had total assets of $878,681,000,
total liabilities of $464,510,000, and $414,171,000 in total
stockholders' equity.

The Company said that although it has obtained waivers from its
Revolving Facility and Term Loan lenders to waive any potential
defaults arising from the failure to deliver audited consolidated
financial statements and related reports and certificates by the
applicable deadlines, there is no guarantee that its lenders will
agree to waive events of default or potential events of default in
the future.

The Company further stated, "In the event that some or all of the
amounts outstanding under its credit facilities are accelerated and
become immediately due and payable, the Company does not have
sufficient liquidity to repay such outstanding amounts. These
conditions and events raise substantial doubt about the entity’s
ability to continue as a going concern within one year after the
date that the financial statements are issued."

A copy of the Form 10-Q is available at:

                       https://is.gd/rr35s1

Sundance Energy Inc. operates as an onshore independent oil and
natural gas company in North America. The company explores for,
develops, and produces oil and natural gas. It focuses on
operations on its 41,000 net acres in the Eagle Ford, Live Oak,
Atascosa, La Salle, and McMullen counties, South Texas.  Sundance
Energy, Inc. is headquartered in Denver, Colorado.


SUPERMOOSE NEWCO: S&P Lowers ICR to 'CCC' on Liquidity Concerns
---------------------------------------------------------------
S&P Global Ratings downgraded SuperMoose Newco Inc. (dba
CentralSquare Technologies) to 'CCC' from 'CCC+.' The outlook is
negative.

At the same time, S&P lowered its issue-level rating on
CentralSquare's first-lien term loan and revolving credit facility
to 'CCC+' from 'B-'. S&P also lowered its rating on the second-lien
term loan to 'CC' from 'CCC-'. The '2 recovery rating on the
first-lien term loan and '6' recovery rating on the second-lien
term loan are unchanged.

"The negative outlook reflects our view that CentralSquare will
continue to face operational issues and macroeconomic impact from
COVID-19 that will erode its liquidity, creating conditions for a
potential payment default or a debt restructuring within 12
months," S&P said.

Persistent operational issues add risk to CentralSquare's liquidity
over the next 12 months.  CentralSquare continues to face
operational issues stemming from its three-company rollup back in
July 2018. In the second quarter of this year, it implemented
further integration initiatives that will help CentralSquare'
solutions in the long run but will depress EBITDA and FOCF
generation in the short term. It also saw an increase in severance
expenses, as it has had further management turnover, leading to new
CEO and CFO hires over the past six months.

The second quarter historically entails a large use of working
capital for the company, and it lost more than $15 million in FOCF
in the second quarter of 2020. S&P projects CentralSquare will
continue to see weakness in nonrecurring revenue and low EBITDA
margins, contributing to more than $20 million FOCF deficit over
the second half of this year. Given that, and given that total
liquidity is now less than $50 million, CentralSquare could face
liquidity concerns during the first half of 2021, especially if
bookings do not rebound during the fourth quarter, which is usually
the largest booking quarter. If liquidity worsens in first half of
2021, CentralSquare might lose its ability to service its debt
requirements in the absence of new equity capital.

The macroeconomic impact from COVID-19 has hurt CentralSquare's
nonrecurring revenue. While its roughly mid-70% recurring revenue
has seen low churn and few contract or cash collection issues,
CentralSquare's nonrecurring revenue has seen a sharp decline due
to the impact of COVID-19 on license bookings from new customers
and upsell/cross-sell opportunities to its existing customers.
Government customers remain willing to pay for existing services
but are not looking to add new ones unless they are essential.
CentralSquare saw a more than 25% decline in nonrecurring revenue
in the second quarter of 2020, and S&P expects it will continue to
see similar headwinds for the rest of the year such that
nonrecurring revenue will drop more than 10% in 2020, leading to a
total revenue decline of mid-single-digits percent this year.

A decline in tax revenue from COVID-19 could hurt government
budgets, leading to headwinds in 2021. Given COVID-19's impact on
the economy, S&P expects tax revenue will see a decline in 2021
that will force governments to decide whether to raise taxes or cut
budgets. S&P expects some governments will choose the latter, which
could decrease some CentralSquare's customers' buying power and
provide headwinds in 2021.

The negative outlook reflects S&P's view that CentralSquare will
continue to face operational issues and macroeconomic impact from
COVID-19 that will erode its liquidity, creating conditions for a
potential payment default or a debt restructuring within 12
months.

"We could lower the rating if we believe a debt restructuring is
likely within six months, possibly due to an inability to address
mandatory debt payments. We could also lower the rating if the
company engaged in an acceleration of the revolving credit
facility, a distressed exchange or repurchase, or a debt
restructuring," S&P said.

"We could take a positive rating action if CentralSquare receives a
cash injection that improves its total liquidity position,
providing a bridge to improved cash flow. We could also take a
positive rating action if the company can improve its nonrecurring
revenue and cash flow to around break-even after debt service
during the COVID-19 pandemic," the rating agency said.


TARONIS FUELS: Says That Use of Cash Indicates Going Concern Doubt
------------------------------------------------------------------
Taronis Fuels, Inc. filed its quarterly report on Form 10-Q,
disclosing a net loss of $3,506,000 on $4,904,000 of sale revenue
for the three months ended March 31, 2020, compared to a net loss
of $1,322,000 on $4,914,000 of sale revenue for the same period in
2019.

At March 31, 2020, the Company had total assets of $47,781,000,
total liabilities of $11,848,000, and $35,933,000 in total
stockholders' equity.

As of March 31, 2020, the Company had cash of approximately $1
million and has reported a net loss of approximately $3.5 million
and used cash in operations of approximately $3.3 million for the
quarter ended March 31, 2020.  In addition, as of March 31, 2020,
the Company had working capital of approximately $4.8 million.  The
Company utilizes cash in its operations of approximately $1.1
million per month.

The Company stated that the use of cash indicates that there is
substantial doubt about its ability to continue as a going concern
within one year from the issuance date of these financial
statements.

The Company said, "The ability of the Company to continue as a
going concern is dependent upon its ability to further implement
its business plan and generate sufficient revenue and its ability
to raise additional funds by way of a public or private offering.
Historically, the Company has financed its operations through
equity and debt financing transactions, but we reasonably believe
we have a clear path to future profitability, despite the
likelihood we will incur operating losses in the foreseeable
future.  The Company's plans and expectations for the next 12
months include raising additional capital to help fund expansion of
its commercial operations.  The condensed consolidated financial
statements do not include any adjustments relating to the
recoverability and classification of asset amounts or the
classification of liabilities that might be necessary should the
Company be unable to continue as a going concern.  If these sources
do not provide the capital necessary to fund the Company's
operations during the next twelve months from the date of this
Report, the Company may need to curtail certain aspects of its
operations or expansion activities, consider the sale of its
assets, or consider other means of financing.  The Company can give
no assurance that it will be successful in implementing its
business plan and obtaining financing on terms advantageous to the
Company or that any such additional financing would be available to
the Company.  These consolidated financial statements do not
include any adjustments from this uncertainty.  The Company's
management has determined the foregoing factors regarding its
liquidity raise substantial doubt about the Company's ability to
continue as a going concern."

A copy of the Form 10-Q is available at:

                       https://is.gd/QzReB7

Taronis Fuels, Inc. operates as a renewable fuel and power
generation company in the United States. It manufactures, sells,
and distributes MagneGas, which is a metal cutting fuel. The
company sells and distributes a line of industrial gases and
welding equipment and services to a range of end users, including
metalworking, manufacturing, utility power plants, medical,
agriculture, transportation, repair, demolition, salvage, and other
industries. It operates 28 industrial gas retail locations. Taronis
Fuels, Inc. was founded in 2017 and is headquartered in Peoria,
Arizona.


TBH19 LLC: Seeks to Extend Authority to Hires Real Estate Broker
----------------------------------------------------------------
TBH19 LLC, seeks authority from the U.S. Bankruptcy Court for the
Central District of California to employ The Agency RE as real
estate broker to the Debtor.

On December 24, 2019, the Debtor filed the Debtor's Motion for
Order Authorizing Debtor to Employ Real Estate Broker. The Court
granted the employment of The Agency RE to assist the Debtor in the
sale of its 40,000-square-foot real estate located at 1011 N.
Beverly Drive, Beverly Hills, Calif. The Debtor wants to list the
property at the initial price of $125 million. The firm will be
paid on a contingency fee of 2.5 percent of the gross sales price.

The employment was only through June 30, 2020, but The Agency RE
has continued to market the Property to locate a buyer. The Debtor
seeks to extend the authorization to employ The Agency RE as real
estate broker.

Mauricio Umansky, chief executive officer of Agency RE, attests
that the firm is "disinterested" within the meaning of Section
101(14) of the Bankruptcy Code.

The broker can be reached through:

     Mauricio Umansky
     The Agency RE
     331 Foothill Road, Suite 100
     Beverly Hills, CA 90210
     Tel: (424) 230-3700

                       About TBH19 LLC

TBH19, LLC, owns a single family property with 17 beds, 29 baths,
10-car garage, and 3.53-acre lot located at 1011 N. Beverly Hills,
Calif., having an appraised value of $125 million. The residence is
considered one of the crowning achievements of renowned architect
Gordon Kaufmann and was built in 1927 for Milton Getz, executive
director of the Union Bank & Trust Company. TBH19 is managed by
Lenard M. Ross.

TBH19, LLC sought Chapter 11 protection (Bankr. C.D. Cal. Case No.
19-23823) on Nov. 24, 2019. The Debtor disclosed total assets of
$125,042,955 and total liabilities of $75,126,312 as of the
bankruptcy filing. The Law Offices of Robert M. Yaspan, is the
Debtor's legal counsel.


TEMBLOR PETROLEUM: Hires Energy Advisors as Sales Agent
-------------------------------------------------------
Temblor Petroleum Company, LLC, seeks authority from the U.S.
Bankruptcy Court for the Eastern District of California to employ
Energy Advisors Group, as marketing and sales agent to the Debtor.

Temblor Petroleum requires Energy Advisors to sell the Debtor's oil
producing properties located in the State of California.

Energy Advisors will be paid based upon its normal and usual hourly
billing rates. The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

To the best of the Debtor's knowledge the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

Energy Advisors can be reached at:

     Energy Advisors Group
     1001 McKinney Street, Suite 2300
     Houston, TX 77002
     Tel: (713) 600-0123

                About Temblor Petroleum Company

Temblor Petroleum Company, LLC, is part of the oil & gas
exploration & production industry.

Temblor Petroleum Company, based in Bakersfield, CA, filed a
Chapter 11 petition (Bankr. E.D. Cal. Case No. 20-11367) on April
9, 2020.  In its petition, the Debtor disclosed $12,688,376 in
assets and $12,198,911 in liabilities.  The petition was signed by
Philip Bell, managing member.

The Hon. Fredrick E. Clement oversees the case.

Leonard K. Welsh, Esq., at the Law Offices of Leonard K. Welsh,,
serves as bankruptcy counsel to the Debtor.


TERRA TECH: Discloses Substantial Doubt on Staying Going Concern
----------------------------------------------------------------
Terra Tech Corp. filed its quarterly report on Form 10-Q,
disclosing a net loss of $17,373,000 on $4,313,000 of total
revenues for the three months ended March 31, 2020, compared to a
net loss of $11,459,000 on $2,045,000 of total revenues for the
same period in 2019.

At March 31, 2020, the Company had total assets of $114,986,000,
total liabilities of $44,856,000, and $70,130,000 in total
stockholders' equity.

The Company said, "In an effort to achieve liquidity that would be
sufficient to meet all of our commitments, we have undertaken a
number of actions, including minimizing capital expenditures and
reducing recurring expenses.  However, we believe that even after
taking these actions, we may not have sufficient liquidity to
satisfy all of our future financial obligations.  The risks and
uncertainties surrounding the timing of the close of our pending
asset sales in Nevada, our limited capital resources, and the weak
industry conditions impacting our business raise substantial doubt
as to our ability to continue as a going concern."

A copy of the Form 10-Q is available at:

                       https://is.gd/49bCeL

Terra Tech Corp. operates as a vertically integrated
cannabis-focused agriculture company.  The Company was founded in
2010 and is headquartered in Irvine, California.


TETSUMI KUROKAWA: Foreign Rep Selling Honolulu Property for $940K
-----------------------------------------------------------------
Shiro Imai, the duly appointed Foreign Representative of Tetsumi
Kurokwa, asks the U.S. Bankruptcy Court for the District of Hawai'i
to authorize the sale of the Debtor's interest in the real property
located at 88 Piikoi Street, Unit 3106, Honolulu, Hawaii, and
identified with Tax Map Key No. (1)2-3-006-004:0291, to Richard
Gamberg or his assignee or designee for $939,888, on the terms set
forth in the Purchase Agreement, As-is Addendum, Counter Offer
dated Aug. 26, 2020.

The Foreign Representative sought a Recognition Order to sell
certain real properties in Hawaii owned by the Debtor.  The ALTA
Commitment for Title Insurance for the Property dated Aug. 19, 202
(Exhibit 2) shows that the Debtor is the sole fee owner of the
Property.  It shows that the Real Property is encumbered by a first
mortgage in favor of First Hawaiian Bank in the original principal
amount of $900,000.

Exhibit 3 is the copy of the Mortgage made by Debtor in favor of
First Hawaiian Bank ("FHB") in the original principal amount of
$900,000, recorded on Oct. 23, 2015 in the Office Assistant
Registrar for the Land Court for the State of Hawaii as Land Court
Document No. T-9426081.

The Foreign Representative anticipates funding approximately
$161,000 for FIRPTA and HARPTA withholding taxes at closing and
then applying for a HARPTA exemption and a refund of the FIRPTA
withholding.  Consequently, the Foreign Representative anticipates
receiving net proceeds from the transaction.

In the judgment of the Foreign Representative, the proposed
transaction is favorable as he understands that the Buyer's offer
is the highest and best offer received for the Real Property.  The
Foreign Representative proposes to pay FHB off in full.

The Foreign Representative asks that any order granting the Motion
provide that if the Buyer fails to close the transaction, the
Foreign Representative be authorized to consummate a transaction of
the Property with another purchaser at or above the gross sales
price of $939,888.

The Foreign Representative further asks that the order granting the
Motion specifically provides that there be no 14-day stay under
Fed. R. Bankr. Pro. R. 6004(h).   

A hearing on the Motion is set for Oct. 5, 2020 at 10:30 a.m.

A copy of the Contract and the Exhibits is available at
https://tinyurl.com/y5jeh3xm from PacerMonitor.com free of charge.

The Chapter 15 bankruptcy case is In re Tetsumi Kurokwa (Bankr. D.
Haw. Case No. 20-00343).


TNT CRANE: Hires FTI Consulting as Financial Advisor
----------------------------------------------------
TNT Crane & Rigging, Inc., and its debtor-affiliates, seek
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ FTI Consulting Inc., as financial advisor to the
Debtors.

TNT Crane requires FTI Consulting to:

   a. assist the Debtors' with updates to the 13-week cash flow
      forecast and regular variance reporting;

   b. assist with the development and review of the Debtors'
      business plan;

   c. assist with bankruptcy reporting requirements, including
      with the oversight of the Debtors' employees and
      contractual staff, (e.g., Statements of Financial Affairs
      and Schedules of Assets and Liabilities, Monthly Operating
      Reports, etc.), as needed;

   d. support the preparation of first day motions and develop
      procedures and processes necessary to implement such
      motions;

   e. assist with developing accounting and operating procedures
      to segregate prepetition and post-petition business
      transactions;

   f. assist the Debtors with the development of chapter 11
      communications;

   g. render general financial advice, financial analytics and
      modeling as directed by the Debtors' management;

   h. assist in the development and analysis of various strategic
      alternatives available to the Debtors;

   i. assist in the development of a plan of reorganization or
      liquidation and disclosure statement;

   j. assist in determining potential creditor recoveries under
      alternative scenarios;

   k. assist in analyzing and developing strategies to address
      the Debtors' existing obligations;

   l. assist the Debtors with information and analyses required
      pursuant to the Debtors' debtor-in-possession ("DIP")
      financing including, but not limited to, preparation for
      hearings regarding the use of cash collateral and DIP
      financing;

   m. assist with sizing and securing DIP financing, as needed;

   n. attend meetings, presentations and negotiations as may be
      requested by the Debtors;

   o. assist with claims reconciliation and objections;

   p. assist management with operational requirements and
      management of relationships with vendors and other
      stakeholders;

   q. provide court testimony, as needed; and

   r. render such other general business consulting or such other
      assistance as Debtors' management or counsel may deem
      necessary that are consistent with the role of a financial
      advisor and not duplicative of services provided by other
      professionals in this proceeding.

FTI Consulting will be paid at these hourly rates:

   Senior Managing Directors                       $920 to $1,295
   Directors/Senior Directors/Managing Directors   $690 to $905
   Consultants/Senior Consultants                  $370 to $660
   Administrative/Paraprofessionals                $150 to $280

Prior to the Petition Date, the Debtors paid FTI Consulting with a
retainer payment of $250,000. During the 90 period prior to the
Petition Date, FTI Consulting received from the Debtors payments
aggregating $1,815,000 in respect of invoices for services and
reimbursement of expenses. As of the Petition Date, FTI Consulting
had $226,000 of the Retainer remaining as a credit balance.

FTI Consulting will also be reimbursed for reasonable out-of-pocket
expenses incurred.

David Rush, partner of FTI Consulting Inc., assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

FTI Consulting can be reached at:

     David Rush
     FTI CONSULTING, INC.
     1301 McKinney St, Suite 3500
     Houston, TX 77002
     Tel: (713) 654-5001

                   About TNT Crane & Rigging

TNT Crane & Rigging, Inc., and its affiliates provide operated and
maintained (O&M) crane services and comprehensive lifting services.
As a provider of O&M services, the Company offers their customers
with highly-skilled operators, technical expertise and project
engineering and design in connection with their equipment rentals.

On Aug. 23, 2020, TNT Crane & Rigging and five of its affiliates
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
Del., Case No. 20-11982). The petitions were signed by Michael
Appling, Jr., chief executive officer.

The Debtors estimated their consolidated assets to be $500 million
to $1 billion and their consolidated liabilities to be $500 million
to $1 billion.

The Debtors have tapped Elisha D. Graff, Esq., Kathrine A.
McLendon, Esq., David R. Zylberberg, Esq., and Cristina W. Liebolt,
Esq. of Simpson Thacher & Bartlett LLP to serve as their general
bankruptcy counsel. Edmon L. Morton, Esq., Sean M. Beach, Esq., and
Allison S. Mielke, Esq. of Young Conaway Stargatt Taylor LLP serve
as Delaware counsel.  Miller Buckfire & Co. acts as restructuring
advisor to the Debtors, and Prime Clerk LLC acts as claims and
noticing agent.


TNT CRANE: Hires Simpson Thacher as Financial Advisor
-----------------------------------------------------
TNT Crane & Rigging, Inc., and its debtor-affiliates seek authority
from the U.S. Bankruptcy Court for the District of Delaware to
employ Simpson Thacher & Bartlett LLP, as counsel to the Debtors.

TNT Crane requires Simpson Thacher to:

   (a) advise with respect to the Debtors' rights, powers and
       duties as debtors and debtors in possession in the
       continued operation of their business, and in the areas of
       federal bankruptcy law, corporate finance, securities
       laws, general corporate matters, corporate governance,
       litigation, employee benefits and tax, including in
       connection with the proposed DIP and exit financing
       capital raise, including, in each case, negotiating and
       preparing on the Debtors' behalf agreements, motions and
       other filings relating thereto;

   (b) advise the Debtors regarding pending matters and the
       general status of the Chapter 11 Cases and coordinating
       with co-counsel, Young Conaway Stargatt & Taylor, LLP, on
       any necessary or appropriate steps;

   (c) take all necessary or appropriate action to protect and
       preserve the Debtors' estates during the pendency of the
       Chapter 11 Cases, including the prosecution of any actions
       on the Debtors' behalf, the defense of any actions
       commenced against the Debtors, the negotiation of disputes
       in which the Debtors are involved and the preparation of
       objections to any claims filed against the Debtors'
       estates;

   (d) prepare on behalf of the Debtors all necessary or
       appropriate motions, applications, responses, orders,
       reports and other pleadings and documents in connection
       with the administration of the Debtors' estates;

   (e) communicate with the Debtors' creditors and other parties
       in interest;

   (f) take all necessary or appropriate action on behalf of the
       Debtors in connection with the Plan, Disclosure Statement
       and all related documents and such further actions as may
       be required or advisable in connection with the
       implementation of the Plan and the restructuring;

   (g) advise with respect to corporate, litigation and other
       non-bankruptcy matters to the extent requested by the
       Debtors, including with respect to matters relating to the
       interpretation, application or amendment of the
       Debtors' organizational documents, material contracts,
       matters involving the fiduciary duties of the Debtors and
       their officers, directors and managers, and matters
       relating to the Debtors' leases and contracts and
       claims thereunder;

   (h) attend court hearings and advising the Debtors on the
       conduct of the Chapter 11 Cases; and

   (i) perform all other necessary legal services for the Debtors
       in connection with the prosecution of the Chapter 11
       Cases, including, without limitation, performing all other
       services assigned by the Debtors to Simpson Thacher
       as co-counsel to the Debtors. To the extent Simpson
       Thacher determines that any such services fall outside of
       the scope of services historically or generally performed
       by co-counsel in a bankruptcy case, Simpson Thacher
       will file a supplemental declaration pursuant to
       Bankruptcy Rule 2014(a).

Simpson Thacher will be paid at these hourly rates:

     Partners                $1,295 to $1,740
     Senior Counsel              $1,285
     Counsel                     $1,255
     Associates                  $625-$1,180
     Paraprofessionals           $295-$505

On March 23, 2020, the Debtors paid Simpson Thacher with an advance
payment retainer in the amount of $275,000. During the 90 day
period prior to the Petition Date, Simpson Thacher received the
amount of $249,085.

Simpson Thacher will also be reimbursed for reasonable
out-of-pocket expenses incurred.

In accordance with Appendix B-Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, the
following is provided in response to the request for additional
information:

   Question:  Did you agree to any variations from, or
              alternatives to, your standard or customary billing
              arrangements for this engagement?

   Response:  No.

   Question:  Do any of the professionals included in this
              engagement vary their rate based on the geographic
              location of the bankruptcy case?

   Response:  No.

   Question:  If you represented the client in the 12 months
              prepetition, disclose your billing rates and
              material financial terms for the prepetition
              engagement, including any adjustments during the 12
              months prepetition. If your billing rates and
              material financial terms have changed postpetition,
              explain the difference and the reasons for the
              difference.

   Response:  Simpson Thacher was retained by the Debtors as
              restructuring counsel pursuant to the Engagement
              Letter, dated March 18, 2020. The billing rates and
              material financial terms of the prepetition
              engagement are the same as those described in the
              Application, subject to customary annual rate
              increases typically as of January 1 each year and
              step-ups in rates for associates when they advance
              in class seniority. The billing rates and material
              financial terms for that work are the same as those
              described in the Application, subject to customary
              annual rate increases typically as of January 1
              each year and step-ups in rates for associates when
              they advance in class seniority.

   Question:  Has your client approved your prospective budget
              and staffing plan, and, if so for what budget
              period?

   Response:  The Debtors will approve a prospective budget and
              staffing plan for Simpson Thacher's engagement for
              the anticipated postpetition period as appropriate.
              In accordance with the U.S. Trustee Guidelines, the
              budget may be amended as necessary to reflect
              changed or unanticipated developments.

Elisha D. Graff, partner of Simpson Thacher & Bartlett LLP, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Simpson Thacher can be reached at:

     Elisha D. Graff, Esq.
     Kathrine A. McLendon, Esq.
     David R. Zylberberg, Esq.
     Cristina W. Liebolt, Esq.
     SIMPSON THACHER & BARTLETT LLP
     425 Lexington Avenue
     New York, NY 10017
     Tel: (212) 455-2000
     Fax: (212) 455-2502
     E-mail: egraff@stblaw.com
             kmclendon@stblaw.com
             david.zylberberg@stblaw.com
             cristina.liebolt@stblaw.com

                   About TNT Crane & Rigging

TNT Crane & Rigging, Inc. and its affiliates provide operated and
maintained (O&M) crane services and comprehensive lifting services.
As a provider of O&M services, the Company offers their customers
with highly-skilled operators, technical expertise and project
engineering and design in connection with their equipment rentals.

On Aug. 23, 2020, TNT Crane & Rigging and five of its affiliates
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
Del., Case No. 20-11982). The petitions were signed by Michael
Appling, Jr., chief executive officer.

The Debtors estimated their consolidated assets to be $500 million
to $1 billion and their consolidated liabilities to be $500 million
to $1 billion.

The Debtors have tapped Elisha D. Graff, Esq., Kathrine A.
McLendon, Esq., David R. Zylberberg, Esq., and Cristina W. Liebolt,
Esq. of Simpson Thacher & Bartlett LLP to serve as their general
bankruptcy counsel. Edmon L. Morton, Esq., Sean M. Beach, Esq., and
Allison S. Mielke, Esq. of Young Conaway Stargatt Taylor LLP serve
as Delaware counsel. Miller Buckfire & Co. acts as restructuring
advisor to the Debtors, and Prime Clerk LLC acts as claims and
noticing agent.


TNT CRANE: Seeks to Hire Ordinary Course Professionals
------------------------------------------------------
TNT Crane & Rigging, Inc., and its debtor-affiliates, seek
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ ordinary course professionals.

TNT Crane hires BDO USA, LLP as ordinary course professional. The
firm will serve as an independent auditor to perform an annual
audit of the Debtors' financial records.

BDO USA, LLP will be paid based upon its normal and usual hourly
billing rates. The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

BDO USA, LLP can be reached at:

          BDO USA, LLP
          P.O. Box 677973
          Dallas, Texas 75267

                   About TNT Crane & Rigging

TNT Crane & Rigging, Inc., and its affiliates provide operated and
maintained (O&M) crane services and comprehensive lifting services.
As a provider of O&M services, the Company offers their customers
with highly-skilled operators, technical expertise and project
engineering and design in connection with their equipment rentals.

On Aug. 23, 2020, TNT Crane & Rigging and five of its affiliates
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
Del., Case No. 20-11982). The petitions were signed by Michael
Appling, Jr., chief executive officer.

The Debtors estimated their consolidated assets to be $500 million
to $1 billion and their consolidated liabilities to be $500 million
to $1 billion.

The Debtors have tapped Elisha D. Graff, Esq., Kathrine A.
McLendon, Esq., David R. Zylberberg, Esq., and Cristina W. Liebolt,
Esq. of Simpson Thacher & Bartlett LLP to serve as their general
bankruptcy counsel. Edmon L. Morton, Esq., Sean M. Beach, Esq., and
Allison S. Mielke, Esq. of Young Conaway Stargatt Taylor LLP serve
as Delaware counsel.  Miller Buckfire & Co. acts as restructuring
advisor to the Debtors, and Prime Clerk LLC acts as claims and
noticing agent.


TOWER ONE WIRELESS: Smythe LLP Raises Going Concern Doubt
---------------------------------------------------------
Tower One Wireless Corp. filed its Form 6-K, disclosing a net loss
of CAD8,147,268 on CAD5,413,594 of revenues for the year ended Dec.
31, 2019, compared to a net loss of CAD9,131,285 on CAD1,556,742 of
revenues for the same period in 2018.

The audit report of Smythe LLP states that the Company has suffered
recurring losses from operations, has a net working capital
deficiency, and may not be able to amend, refinance, or pay off its
debt, that raise substantial doubt about its ability to continue as
a going concern.

At Dec. 31, 2019, the Company had total assets of CAD16,001,049,
total liabilities of CAD24,303,066, and CAD8,302,017 in total
shareholders' deficiency.

A copy of the Form 6-K is available at:

                       https://is.gd/B6p49U

Tower One Wireless Corp. is a pure-play, build-to-suit ("BTS")
tower owner, operator and developer of multitenant communications
structures.  The Company's primary business is the leasing of space
on communications sites to mobile network operators ("MNOs").  The
Company offers tower-related services in the largest Spanish
speaking countries in Latin America: Argentina, Colombia and
Mexico.  These tower-related services include site acquisition,
zoning and permitting, structural analysis, and construction which
primarily supports the Company's site leasing business, including
the addition of new tenants and equipment on its sites.  A
long-term site lease is in hand with a tenant prior to undergoing
construction.  The Company is based in Vancouver, BC.



TRAQIQ INC: Has $119,000 Net Loss for the Quarter Ended March 31
----------------------------------------------------------------
TraqIQ, Inc. filed its quarterly report on Form 10-Q, disclosing a
net loss of $118,874 on $291,061 of revenue for the three months
ended March 31, 2020, compared to a net loss of $107,002 on $5,565
of revenue for the same period in 2019.

At March 31, 2020, the Company had total assets of $2,090,308,
total liabilities of $4,095,724, and $2,005,416 in total
stockholders' deficit.

The Company has an accumulated deficit of $2,015,858 and a working
capital deficit of $2,743,241, as of March 31, 2020, and a working
capital deficit of $2,697,036 as of December 31, 2019.  As a result
of these factors, management has determined that there is
substantial doubt about the Company ability to continue as a going
concern.

A copy of the Form 10-Q is available at:

                       https://is.gd/NegNih

TraqIQ, Inc. provides software solutions.  The Company offers
Internet of things technology products and solutions to track,
manage, analyze, and optimize business.  TraqIQ serves customers in
the State of Washington.




TUESDAY MORNING: Chapter 11 Cases Raise Going Concern Doubt
-----------------------------------------------------------
Tuesday Morning Corporation filed its quarterly report on Form
10-Q, disclosing a net loss of $31,040,000 on $165,698,000 of net
sales for the three months ended March 31, 2020, compared to a net
loss of $8,289,000 on $210,984,000 of net sales for the same period
in 2019.

At March 31, 2020, the Company had total assets of $724,503,000,
total liabilities of $581,505,000, and $142,998,000 in total
stockholders' equity.

The Company said, "We have concluded that our financial condition
and our projected operating results, our need to satisfy certain
financial and other covenants in our debtor-in-possession
financing, our need to implement a restructuring plan and receive
new financing, and the risks and uncertainties surrounding the
Chapter 11 Cases raise substantial doubt as to our ability to
continue as a going concern."

A copy of the Form 10-Q is available at:

                     https://is.gd/fYzyqp

              About Tuesday Morning Corporation

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

On May 27, 2020, Tuesday Morning and six affiliates sought Chapter
11 protection (Bankr. N.D. Tex. Lead Case No. 20-31476).  Tuesday
Morning disclosed total assets of $92 million and total liabilities
of $88.35 million as of April 30, 2020.

The Hon. Harlin Dewayne Hale is the case judge.

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

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on June 9, 2020.  The committee is represented by Munsch
Hardt Kopf & Harr, P.C.


TUESDAY MORNING: Equity Panel Questionnaire Deadline Set for Oct. 5
-------------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas, in
accordance with Section 1102(a)(2) of the Bankruptcy Code, has
ordered the U.S. Trustee to appoint a committee of equity security
holders in the cases of Tuesday Morning Corp., et al.

The U.S. Trustee is thus soliciting members for an equity security
holders' committee.

If a party wishes to be considered for membership on any official
committee that is appointed,  it must complete a questionnaire form
available at https://bit.ly/3hJrTZ6 and return it to the Office of
the United States Trustee as soon as possible and no later than
4:00 p.m. (Central Standard Time) on Monday October 5, 2020, by
email to both Lisa.L.Lambert@usdoj.gov and
Nancy.S.Resnick@usdoj.gov, attention Lisa L. Lambert and Nancy S.
Resnick.

After receipt of a completed questionnaire, the U.S. Trustee Office
will contact the party to set up a telephonic interview.

Members of an equity committee are fiduciaries who represent all
equity holders as a group without regard to the types of equity
holdings which individual equity holders may have. Section 1103 of
the Bankruptcy Code provides that the Committee may consult with
the
debtor, investigate the debtor and its business operations and
participate in the formulation of a plan of reorganization.

                     About Tuesday Morning

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

On May 27, 2020, Tuesday Morning and six affiliates sought Chapter
11 protection (Bankr. N.D. Tex. Lead Case No. 20-31476). Tuesday
Morning disclosed total assets of $92 million and total liabilities
of $88.35 million as of April 30, 2020.

The Hon. Harlin Dewayne Hale is the case judge.

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

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on June 9, 2020.  The Creditors Commmittee is represented
by Munsch Hardt Kopf & Harr, P.C.


UNIT CORP: Reports $803.7-Mil. Net Loss for Quarter Ended March 31
------------------------------------------------------------------
Unit Corporation filed its quarterly report on Form 10-Q,
disclosing a net loss of $803,674,000 on $122,376,000 of total
revenues for the three months ended March 31, 2020, compared to a
net loss of $2,282,000 on $189,691,000 of total revenues for the
same period in 2019.

At March 31, 2020, the Company had total assets of $1,287,843,000,
total liabilities of $1,033,357,000, and $254,486,000 in total
shareholders' equity.

The Company said, "Besides entering into the RSA and the DIP credit
agreement, the company is undertaking several actions to alleviate
the conditions that cause substantial doubt about our ability to
continue as a going concern, including (i) minimizing capital
expenditures, (ii) aggressively managing working capital, (iii)
further reducing recurring operating expenses, and (iv) exploring
potential business transactions.  We currently expect that the
company's cash flows, cash on hand and any financing it can obtain
through the DIP credit facility should provide sufficient liquidity
for the company during the Chapter 11 Cases.  However, the
significant risks and uncertainties related to the company's
liquidity and Chapter 11 Cases raise substantial doubt about the
company's ability to continue as a going concern.  The outcome of
the Chapter 11 Cases is subject to significant uncertainty and
depends upon factors outside of the company's control, including
actions of the Bankruptcy Court and the company's creditors.  There
can be no assurance that the company will confirm and consummate
the plan as contemplated by the RSA or complete an alternative plan
of reorganization.  The company has therefore concluded there
continues to be substantial doubt about the company's ability to
continue as a going concern."

A copy of the Form 10-Q is available at:

                       https://is.gd/8iDEBB

Unit Corporation, together with its subsidiaries, engages in the
exploration, acquisition, development, and production of oil and
natural gas properties in the United States. It operates through
three segments: Oil and Natural Gas, Contract Drilling, and
Mid-Stream. Unit Corporation was founded in 1963 and is
headquartered in Tulsa, Oklahoma.



UNIVERSAL TOWERS: Hires Opes Consulting as Financial Advisor
------------------------------------------------------------
Universal Towers Construction, Inc. seeks authority from the United
States Bankruptcy Court for the Middle District of Florida to hire
Opes Consulting, Inc., as the its financial consultant and advisor.


The Debtor wishes to employ OPES as its financial advisor with
respect to financial consulting and advising the Debtor regarding
potential debtor-in-possession financing, and other types of loan
financing, equity financing, and refinancing of existing
indebtedness, and generally advising the debtor regarding
formulation of a plan of reorganization.

The Debtor has chosen OPES because its principal, Mr. Juan
Gonzalez, is experienced in matters of this character and is
well-qualified to perform the work required in this case.

Mr. Gonzalez will be paid $270 per hour for his services, and a 1
percent commission on any loan or financing to the Debtor (up to
$30,000,000) procured by OPES.

Mr. Gonzalez assured the court that he is a "disinterested person"
as that phrase is defined in 11 U.S.C.
Sec. 101(14), and  has no interest adverse to the Debtor or to the
estate of the Debtor on the matters in which the firm is to be
engaged.

The firm can be reached through:

     Juan Gonzalez
     Opes Consulting, Inc.
     7901 Kingspointe Parkway, Suite 8
     Orlando, FL 32819

                About Universal Towers Construction, Inc.

Universal Towers Construction, Inc. is a privately held company in
the traveler accommodation industry.

Universal Towers Construction, Inc. filed a voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla.
Case No. 20-03799) on July 3, 2020. The petition was signed by Lis
R. Oliveira-Sommerville, president. At the time of filing, the
Debtor etimated $10 million to $50 million in both assets and
liabilities. Eric S. Golden, Esq. at BURR & FORMAN LLP represents
the Debtor as counsel.


VALLEY VIEW: Taps McDonald Carano as New Legal Counsel
------------------------------------------------------
Valley View LLC received approval from the U.S. Bankruptcy Court
for the District of Nevada to hire McDonald Carano LLP as its new
legal counsel.

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

     a. provide legal advice and assistance relative to the
administration of the case;

     b. represent Debtor at court hearings;

     c. assist Debtor in its examination and analysis of the
conduct of its affairs;

     d. assist in preparing, reviewing and analyzing all legal
documents to be filed with the court;

     e. advise Debtor as to the propriety of third-party filings
and, after consultation with Debtor, take appropriate action;

     f. prepare witnesses and review documents;

     g. apprise the court of Debtor's analysis of its operations;

     h. confer with the accountants and any other professionals
retained by Debtor;

     i. assist Debtor in its negotiations with creditors and other
parties-in-interest;

     j. assist Debtor in preparing and confirming a plan of
reorganization;

     k. provide other services necessary to obtain confirmation of
the plan; and

     l. assist Debtor in evaluating and prosecuting any claims it
may have against third parties.

McDonald Carano will seek compensation from Debtor based on the
following hourly rates:

     Ryan J. Works        Partner          $550
     Jason Sifers         Associate        $375
     Brian Grubb          Paralegal        $250

Ryan Works, Esq., a partner at McDonald Carano, disclosed in court
filings that the firm is a "disinterested person" as such term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Ryan J. Works, Esq.
     McDonald Carano LLP
     2300 West Sahara Avenue, Suite 1200
     Las Vegas, NV 89102
     Telephone: (702) 873-4100
     Email: rworks@mcdonaldcarano.com

                         About Valley View

Valley View, LLC filed a voluntary Chapter 11 petition (Bankr. D.
P.R. Case No. 19-17727) on Dec. 5, 2019.  At the time of the
filing, Debtor had estimated assets of less than $50,000 and
liabilities of between $500,001 and $1 million.  Judge Mike K.
Nakagawa oversees the case.  McDonald Carano, LLP serves as
Debtor's legal counsel.


VIDEO DISPLAY: Reports $8K Net Loss for the Quarter Ended May 31
----------------------------------------------------------------
Video Display Corporation filed its quarterly report on Form 10-Q,
disclosing a net loss of $8,000 on $3,705,000 of net sales for the
three months ended May 31, 2020, compared to a net loss of $326,000
on $2,709,000 of net sales for the same period in 2019.

At May 31, 2020, the Company had total assets of $10,250,000, total
liabilities of $6,796,000, and $3,454,000 in total shareholders'
equity.

The Company said, "The ability of the Company to continue as a
going concern is dependent upon the success of management's plans
to improve revenues, the operational effectiveness of continuing
operations, the procurement of suitable financing, or a combination
of these.  The uncertainty regarding the potential success of
management's plan create substantial doubt about the ability of the
Company to continue as a going concern."

A copy of the Form 10-Q is available at:

                       https://is.gd/mXdv83

Headquartered in Tucker, Georgia, Video Display Corporation is a
provider and manufacturer of video products, components, and
systems for visual display and presentation of electronic
information media in a variety of requirements and environments.
The Company designs, engineers, manufactures, markets, distributes
and installs technologically advanced display products and systems,
from basic components to turnkey systems, for government, military,
aerospace, medical, industrial, and commercial organizations.  The
Company markets its products worldwide primarily from facilities
located in the United States.



VISTAGEN THERAPEUTICS: Posts $3.5-Mil. Net Loss in First Quarter
----------------------------------------------------------------
VistaGen Therapeutics, Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q disclosing a net loss
attributable to common stockholders of $3.46 million for the three
months ended June 30, 2020, compared to a net loss attributable to
common stockholders of $6.51 million for the three months ended
June 30, 2019.

As of June 30, 2020, the Company had $6.17 million in total assets,
$11.78 million in total liabilities, and a total stockholders'
deficit of $5.61 million.

At June 30, 2020, the Company had cash and cash equivalents of
approximately $1.5 million.  The Company does not believe this
amount, plus the net cash proceeds received from the EverInsight
Agreement and from the Public Offering completed in August 2020, is
sufficient to enable it to fund its planned operations for at least
the twelve months following the issuance of the financial
statements.  The Company expects to seek additional capital to
produce PH94B and PH10 study material, prepare for and launch a
pivotal Phase 3 clinical trial of PH94B for acute treatment of SAD,
prepare for a Phase 2B clinical study and certain nonclinical
studies involving PH10, PH94B and AV-101 and prepare for and
potentially launch a Phase 2B clinical trial of PH10 for MDD,
acquire or license and conduct research and development of
additional product candidates and to fund its internal operations.

VistaGen stated that although certain transactions have generated
approximately $20.0 million in net cash procceds for the Company
between April 1, 2020 and Aug. 13, 2020 (the date of this Report),
the Company believe it is possible that its cash position at June
30, 2020, together with such net proceeds will not be sufficient to
fund its planned operations for the twelve months following the
issuance of these financial statements, which raises substantial
doubt that it can 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/1411685/000165495420009069/vtgn10q_june302020.htm

                        About VistaGen

Headquartered in San Francisco, California, VistaGen Therapeutics
-- http://www.vistagen.com/-- is a clinical-stage
biopharmaceutical company developing new generation medicines for
CNS diseases and disorders where current treatments are inadequate,
resulting in high unmet need.  VistaGen's pipeline is focused on
clinical-stage CNS drug candidates with a differentiated mechanism
of action, an exceptional safety profile in all clinical studies to
date, and therapeutic potential in multiple large and growing CNS
markets.

VistaGen reported a net loss attributable to common stockholders of
$22.04 million for the fiscal year ended March 31, 2020, compared
to a net loss attributable to common stockholders of $25.73 million
for the fiscal year ended March 31, 2019.
As of March 31, 2020, the Company had $5.77 million in total
assets, $11.50 million in total liabilities, and a total
stockholders' deficit of $5.73 million.

OUM & CO. LLP, in San Francisco, California, the Company's auditor
since 2006, issued a "going concern" qualification in its report
dated June 29, 2020, citing that the Company has not yet generated
sustainable revenues, has suffered recurring losses and negative
cash flows from operations and has a stockholders' deficit, all of
which raise substantial doubt about its ability to continue as a
going concern.


VISTAGEN THERAPEUTICS: Rosalind Advisors, et al. Report 5.4% Stake
------------------------------------------------------------------
Rosalind Advisors, Inc., Steven Salamon, and Rosalind Master Fund
L.P. disclosed that as of Sept. 15, 2020, they beneficially own
4,000,000 shares of common stock of VistaGen Therapeutics, Inc.,
which represents 5.4% based upon 73,998,057 shares of the Issuer's
common stock outstanding as of Aug. 13, 2020 in accordance with
10-Q filing.  A full-text copy of the regulatory filing is
available for free at:

https://www.sec.gov/Archives/edgar/data/1411685/000101905620000505/vistagen_13g.htm

                       About VistaGen

Headquartered in San Francisco, California, VistaGen Therapeutics
-- http://www.vistagen.com-- is a clinical-stage biopharmaceutical
company developing new generation medicines for CNS diseases and
disorders where current treatments are inadequate, resulting in
high unmet need.  VistaGen's pipeline is focused on clinical-stage
CNS drug candidates with a differentiated mechanism of action, an
exceptional safety profile in all clinical studies to date, and
therapeutic potential in multiple large and growing CNS markets.

VistaGen reported a net loss attributable to common stockholders of
$22.04 million for the fiscal year ended March 31, 2020, compared
to a net loss attributable to common stockholders of $25.73 million
for the fiscal year ended March 31, 2019.
As of June 30, 2020, the Company had $6.17 million in total assets,
$11.78 million in total liabilities, and a total stockholders'
deficit of $5.61 million.

OUM & CO. LLP, in San Francisco, California, the Company's auditor
since 2006, issued a "going concern" qualification in its report
dated June 29, 2020, citing that the Company has not yet generated
sustainable revenues, has suffered recurring losses and negative
cash flows from operations and has a stockholders' deficit, all of
which raise substantial doubt about its ability to continue as a
going concern.


VISTAGEN THERAPEUTICS: Stockholders Elect Six Directors
-------------------------------------------------------
VistaGen Therapeutics, Inc. held its 2020 virtual annual meeting of
stockholders on Sept. 17, 2020, at which the stockholders:

  (1) elected Jon S. Saxe, J.D., LL.M., Ann M. Cunningham, MBA,
      Jerry B. Gin, Ph.D., MBA, Shawn K. Singh, J.D., H. Ralph
      Snodgrass, Ph.D., and Brian J. Underdown, Ph.D. as
      directors to serve on the Board of Directors until the 2021
      Annual Meeting of Stockholders, or until her or his
      successor is elected and qualified; and

  (2) ratified the appointment of OUM & Co. LLP as the Company's
      independent auditors for the fiscal year ending March 31,
      2021.

                        About VistaGen

Headquartered in San Francisco, California, VistaGen Therapeutics
-- http://www.vistagen.com/-- is a clinical-stage
biopharmaceutical company developing new generation medicines for
CNS diseases and disorders where current treatments are inadequate,
resulting in high unmet need.  VistaGen's pipeline is focused on
clinical-stage CNS drug candidates with a differentiated mechanism
of action, an exceptional safety profile in all clinical studies to
date, and therapeutic potential in multiple large and growing CNS
markets.

VistaGen reported a net loss attributable to common stockholders of
$22.04 million for the fiscal year ended March 31, 2020, compared
to a net loss attributable to common stockholders of $25.73 million
for the fiscal year ended March 31, 2019.
As of March 31, 2020, the Company had $5.77 million in total
assets, $11.50 million in total liabilities, and a total
stockholders' deficit of $5.73 million.

OUM & CO. LLP, in San Francisco, California, the Company's auditor
since 2006, issued a "going concern" qualification in its report
dated June 29, 2020, citing that the Company has not yet generated
sustainable revenues, has suffered recurring losses and negative
cash flows from operations and has a stockholders' deficit, all of
which raise substantial doubt about its ability to continue as a
going concern.


VYAIRE MEDICAL: Moody's Alters Outlook on Caa1 CFR to Stable
------------------------------------------------------------
Moody's Investors Service changed Vyaire Medical, Inc.'s outlook to
stable from positive. At the same time, Moody's affirmed the
company's Caa1 Corporate Family Rating, Caa1-PD Probability of
Default Rating (PDR) and the ratings of the first lien term loan
and revolving credit facilities at B3.

The change of outlook to stable reflects Moody's expectation of a
lower than previously expected contributions from orders for
ventilators amidst the outbreak of coronavirus. Moody's previously
expected that large orders from various government entities,
including the U.S. Department of Health and Human Services (HHS),
will potentially help the company generate ~$700 million of
incremental revenues (essentially a doubling of annual revenue) in
the 12 months ending June 2021. However, the ventilator orders have
been scaled back significantly by a large customer, which has
reduced its incremental revenue estimate by more than 50%. This has
led to a downward revision of Moody's expectation of cash flow,
liquidity strength and the company's capacity to reduce leverage
over the next 12-18 months.

The affirmation of the Caa1 CFR reflects the company's very high
leverage, currently constrained liquidity, weak track record of
business execution and uncertainties surrounding a fairly complex
turnaround strategy. The turnaround strategy, which involves
significant execution risks, includes improving days sales
outstanding (DSO), stabilizing manufacturing and distribution
processes, rebuilding customer relationships and integrating
recently acquired businesses. A potential misstep in the execution
of the turnaround strategy or the inability to meet customer demand
during the pandemic would have negative credit implications and
could potentially lead to a liquidity shortfall. Given the very
high leverage and constrained liquidity, there is also a risk that
the company will pursue a transaction that Moody's considers to be
a distressed exchange.

The following ratings were affirmed:

Issuer: Vyaire Medical, Inc.

Corporate Family Rating at Caa1

Probability of Default Rating at Caa1-PD

$100 million Senior Secured First Lien Revolver due 2023 at B3
(LGD3)

$40 million Senior Secured First Lien Revolver due 2021 at B3
(LGD3)

$360 million Senior Secured First Lien Term Loan due 2025 at B3
(LGD3)

Outlook action:

The outlook was changed to stable from positive

RATINGS RATIONALE

The Caa1 CFR reflects Vyaire's very high financial leverage,
currently constrained liquidity and significant execution risks.
The company's debt/EBITDA was approximately 7.1 times at the end of
June 30, 2020, after adding back non-recurring expenses to EBITDA.
Moody's believes that recent developments have added significant
uncertainty to the company's ability to reduce expenses that are
classified as non-recurring. Consequently, Moody's views the
company's actual leverage to be materially higher than 7.1 times.
Offsetting some of the above risks, the rating is supported by the
recurring nature of a portion of the company's revenues, good
geographic and product diversity and stable end markets. The rating
also benefits from demonstrated support by the company's private
equity sponsor -- Apax Partners. Apax has injected substantial cash
equity into Vyaire over the last 24 months in order to help the
company stabilize operations and liquidity.

After facing severe operating challenges and extensive senior
management changes in the last two years, the company has made
progress in collecting its accounts receivable, reducing its trade
payables and rebuilding its relationships with vendors and
distributors. However, Moody's believes that the company needs to
further stabilize its operations to be able to generate positive
free cash flow on a sustainable basis.

Moody's regards the coronavirus outbreak as a social risk under its
ESG framework, given the substantial implications for public health
and safety. For Vyaire, social risks also involve 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. The
company's transition to a stand-alone company was challenging, with
numerous execution issues leading to disruption to customers, and
high management turnover, pointing to higher than average
governance risk.

The stable outlook reflects Moody's view that the company's core
products continue to have sustainable demand to support the
company's operating performance. The stable also outlook reflects
Moody's expectation of a slowing rate of cash burn as some of the
recent cash costs to stabilize the business will not recur going
forward. Moody's expects that Vyaire will have to manage its weak
liquidity effectively amid reduced ventilator orders.

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

The ratings could be upgraded if the company successfully executes
its turnaround strategy and benefits substantially from the surge
in coronavirus related ventilator demand. Specifically, if the
company materially improves free cash flow and its debt to EBITDA
is sustained below 8.0 times the rating could be upgraded.
Liquidity would also need to be substantially improved in order to
support an upgrade.

The ratings could be downgraded if the company's operating
performance or liquidity deteriorates. An unforeseen negative event
like a recall of a key product, departure of the key management
team member(s) and/or employees or loss of key customers could also
lead to a rating downgrade. The inability to meet near-term demand
for its products in a profitable manner would also likely result in
rating pressure.

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

Vyaire is a manufacturer and distributor of respiratory products.
The company's main products include ventilation equipment,
respiratory diagnostic equipment, and respiratory and anesthesia
disposables. The company's revenues for the last twelve months were
around $815 million. Vyaire is privately owned by Apax Partners.


WARNER CONSTRUCTION: Seeks Approval to Hire Bankruptcy Attorney
---------------------------------------------------------------
Warner Construction, Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire Robert Lewis,
Esq., an attorney practicing in New York, to handle its Chapter 11
case.

The services that will be provided by the attorney are as follows:


     a. advise Debtor with respect to its powers and duties;

     b. prepare legal papers;

     c. perform all other legal services.

Mr. Lewis is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code, according to court
filings.

Mr. Lewis holds office at:

     Robert Lewis, Esq.
     Law Office of Robert S. Lewis, PC
     53 Burd Street
     Nyack, NY 10960-3265
     Telephone: (845) 358-7100
     Facsimile: (845) 353-6943
     Email: robert.lewlaw1@gmail.com

                  About Warner Construction Inc.

Warner Construction Inc., a privately held company in the
nonresidential building construction industry, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
20-35937) on Sept. 3, 2020.  At the time of the filing, Debtor had
total assets of $115,856 and liabilities of $1,755,398.

Judge Hon. Cecelia G. Morris oversees the case.

Law Office of Robert S. Lewis, PC is Debtor's legal counsel.


WATER NOW: Posts $2.2-Mil. Net Loss for the Quarter Ended March 31
------------------------------------------------------------------
Water Now, Inc. filed its quarterly report on Form 10-Q, disclosing
a net loss of $2,190,259 on $2,995 of net revenues for the three
months ended March 31, 2020, compared to a net loss of $1,595,569
on $78,552 of net revenues for the same period in 2019.

At March 31, 2020, the Company had total assets of $4,217,497,
total liabilities of $12,004,075, and $7,786,578 in total
stockholders' deficit.

The Company said, "Through March 31, 2020, we have generated
revenues of $552,000.  From February 10, 2016 (inception) through
March 31, 2020, we have incurred losses aggregating $20.2 million.
As of March 31, 2020, we had cash and cash equivalents of $405.
Our auditors issued a going concern opinion with respect to our
financial statements as of and for the year ended December 31, 2019
due to the incurrence of significant operating losses, which raise
substantial doubt about our ability to continue as a going
concern."

A copy of the Form 10-Q is available at:

                       https://is.gd/dPfyJi

Water Now, Inc. provides water purification equipment and services.
The Company offers potable machine that turns contaminated water
into clean drinking water. Water Now serves customers in the United
States. The Company is based in Fort Worth, Texas.



WC 4TH AND COLORADO: Taps Fishman Jackson as Bankruptcy Counsel
---------------------------------------------------------------
WC 4th and Colorado, LP seeks approval from the U.S. Bankruptcy
Court for the Western District of Texas to hire Fishman Jackson
Ronquillo PLLC as its bankruptcy counsel.

The firm will render the following professional services in
connection with Debtor's Chapter 11 case:

     a. provide representation and legal advice to Debtor;

     b. assist Debtor in carrying out its duties;

     c. consult with the U.S. trustee and "parties in interest"
concerning administration of the case;

     d. assist in the possible sale of Debtor's assets;

     e. prepare legal papers;

     f. assist Debtor in connection with formulating and confirming
a Chapter 11 plan;

     g. assist Debtor in analyzing and appropriately treating the
claims of creditors;

     h. appear at court proceedings; and

     i. perform all other legal services.

The firm's customary hourly rates are as follows:

     Attorneys            $300 - $450
     Paraprofessionals    $135 - $175

Mark Ralston, Esq., the firm's attorney who will be handling the
case, will be paid an hourly fee of $400 while Shirley James, who
will provide paraprofessional legal services, will be billed an
hourly rate of $140.

Fishman Jackson received a retainer fee of $20,000.

Mr. Ralston disclosed in court filings that the firm is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.

Mr. Ralston also made the following disclosures pursuant to the
U.S. Trustee Fee Guidelines for reviewing fee applications filed by
attorneys in larger Chapter 11 cases:

     a. Fishman Jackson has not agreed to a variation of its
standard or customary billing arrangement for this engagement.

     b. None of Fishman Jackson's professionals included in this
engagement have varied their rate based on the geographic location
of the Chapter 11 case.

     c. Fishman Jackson was retained by Debtor prior to its
bankruptcy filing.  The material terms of the pre-bankruptcy
engagement are the same as the terms proposed by Debtor in its
employment application.

Fishman Jackson can be reached through:

     Mark H. Ralston, Esq.
     Fishman Jackson Ronquillo PLLC
     Three Galleria Tower
     13155 Noel Road, Suite 700
     Dallas, TX 75240
     Telephone: (972) 419-5544
     Facsimile: (972) 4419-5500
     Email: mralston@fjrpllc.com

                    About WC 4th and Colorado LP

WC 4th and Colorado, LP is an Austin, Texas-based single asset real
estate debtor (as defined in 11 U.S.C. Section 101(51B)).

WC 4th and Colorado sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W. D. Tex. Case No. 20-10881) on Aug. 4,
2020.  Brian Elliot, authorized agent, signed the petition.  

At the time of the filing, Debtor had estimated assets of between
$10 million and $50 million and liabilities of between $1 million
and $10 million.

Mark Ralston, Esq. is Debtor's legal counsel.


WESTJET AIRLINES: S&P Affirms 'B-' ICR; Outlook Negative
--------------------------------------------------------
S&P Global Ratings affirmed all of its ratings on WestJet Airlines
Ltd., including its 'B-' issuer credit rating on the company. At
the same time, S&P removed all of the ratings from CreditWatch,
where they had been placed with negative implications March 17.

The affirmation and removal from CreditWatch primarily reflect
WestJet's better liquidity position than S&P had expected in May
2020.  WestJet incurred a smaller FOCF deficit in the second
quarter than S&P had expected, in part due to lower cash refunds
for canceled flights and lower capital expenditures (capex) when
compared with the rating agency's previous forecast. As a result,
S&P now forecasts WestJet to generate FOCF this year of about
negative C$1.0 billion, which is at the lower end of the C$1.0
billion-C$1.5 billion that the rating agency previously forecast.

"This lower cash flow deficit, combined with recent financing
agreements, including sale leaseback transactions, has reduced
liquidity risks, in our opinion," S&P said.

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

-- Health and safety.

"The negative outlook reflects the risk that the anticipated
effects of the pandemic could become more severe, leading to a
slower-than-expected recovery in WestJet's operating results. Such
a scenario could also negatively affect our view of the company's
liquidity position, leading us to characterize WestJet's capital
structure as unsustainable," S&P said.

S&P assumes the company's airline passenger traffic will fall
60%-70% this year, with a gradual recovery over the next few
years.

"We could lower the ratings within the next 12 months if we came to
believe the recovery in passenger traffic would be more prolonged
or weaker than expected, resulting in higher cash flow burn and
causing weaker-than-expected credit metrics. We could also lower
ratings if we consider WestJet's capital structure unsustainable,
potentially due to a weaker liquidity position or incremental
debt," S&P said.

"We could revise the outlook to stable within the next 12 months if
we gain more conviction that credit metrics will improve about in
line with our current expectations, including adjusted FFO-to-debt
in the mid-to-high single-digit area by 2022. This could occur if
the lifting of international travel restrictions and a reduction in
the public's perceived risk of contracting the coronavirus
contribute to a meaningful increase in air travel demand," the
rating agency said.

In this scenario, S&P would also expect low risk of a liquidity
crisis within the next couple of years.


WINDSTREAM HOLDINGS: Reports $162.4M Net Loss for June 30 Quarter
-----------------------------------------------------------------
Windstream Holdings, Inc. filed its quarterly report on Form 10-Q,
disclosing a net loss of $162 million on $1,185 million of total
revenues and sales for the three months ended June 30, 2020,
compared to a net loss of $544 million on $1,287 million of total
revenues and sales for the same period in 2019.

At June 30, 2020, the Company had total assets of $9,832 million,
total liabilities of $12,177 million, and $2,345 million in total
shareholders' deficit.

The Company said, "Our financial condition, the defaults under our
debt agreements and contractual arrangement with Uniti, and the
risks and uncertainties surrounding the Chapter 11 Cases, raise
substantial doubt about our ability to continue as a going concern.
Our ability to continue as a going concern is contingent upon,
among other factors, our ability to (i) successfully implement such
plan of reorganization, (ii) address debt and other liabilities
through the bankruptcy process, (iii) generate sufficient cash flow
from operations, and (iv) obtain financing sources sufficient to
meet our future obligations.  As a result of the Chapter 11 Cases,
the realization of assets and the satisfaction of liabilities are
subject to uncertainty.  While operating as debtors-in-possession
pursuant to the Bankruptcy Code, we may sell or otherwise dispose
of or liquidate assets or settle liabilities, subject to the
approval of the Bankruptcy Court or as otherwise permitted in the
ordinary course of business pursuant to relief we obtained from the
Bankruptcy Court, for amounts other than those reflected in the
accompanying consolidated financial statements.  In particular,
such financial statements do not purport to show with respect to
(i) assets, the realization value on a liquidation basis or
availability to satisfy liabilities, (ii) liabilities arising prior
to the Petition Date, the amounts that may be allowed for claims or
contingencies, or the status and priority thereof, (iii)
shareholders' equity accounts, the effect of any changes that may
be made in our capitalization, or (iv) operations, the effects of
any changes that may be made in the underlying business.  An
effective plan of reorganization would likely cause material
changes to the amounts currently disclosed in the accompanying
consolidated financial statements.  Further, the plan of
reorganization could materially change the amounts and
classifications reported in the consolidated historical financial
statements, which do not give effect to any adjustments to the
carrying value of assets or amounts of liabilities that might be
necessary as a consequence of confirmation of a plan of
reorganization.  The accompanying consolidated financial statements
do not include any direct adjustments related to the recoverability
and classification of assets or the amounts and classification of
liabilities or any other adjustments that might be necessary should
we be unable to continue as a going concern or as a consequence of
the Chapter 11 Cases."

A copy of the Form 10-Q is available at:

                       https://is.gd/nZOjjC

Windstream Holdings, Inc. provides network communications and
technology solutions in the United States. The company was
incorporated in 2013 and is based in Little Rock, Arkansas. On
February 25, 2019, Windstream Holdings, Inc. along with its 202
affiliates, filed a voluntary petition for reorganization under
Chapter 11 in the US Bankruptcy Court for the Southern District of
New York.



Z & J LLC: Seeks to Retain Mazzola Lindstrom as Special Counsel
---------------------------------------------------------------
Z & J, LLC seeks approval from the U.S. Bankruptcy Court for the
Southern District of New York to continue to use the services of
its special counsel Mazzola Lindstrom, LLP.

The firm will continue to assist Debtor in negotiating an asset
purchase agreement with its competitor, Counsel Press Inc.  The
sale would enable Debtor to seek confirmation of a Chapter 11 plan,
according to court filings.

Mazzola Lindstrom will be paid an hourly fee of $650.  

Jean-Claude Mazzola, Esq., a member of Mazzola Lindstrom, disclosed
in court filings that the firm neither holds nor represents any
interest adverse to Debtor and its bankruptcy estate.

The firm can be reached through:

     Jean-Claude Mazzola, Esq.
     Richard E. Lerner, Esq.   
     Mazzola Lindstrom LLP
     1350 Avenue of the Americas, Second Floor
     New York, NY 10019
     Telephone: (646) 216-8300
     Email: jeanclaude@mazzolalindstrom.com
            richard@mazzolalindstrom.com

                          About Z & J LLC

Z & J, LLC, which conducts business under the name Appeal Tech, is
an appellate service provider based in New York.  It was founded in
1998 and works with law firms, government agencies, companies and
non-profit organizations to perfect appeals in the State Appellate
Courts, the Federal Circuit Courts of Appeals, and the U.S. Supreme
Court.

Z & J sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. N.Y. Case No. 19-11502) on May 9, 2019.  At the time
of the filing, Debtor disclosed $1,523,690 in assets and $1,083,211
in liabilities.  

Judge James L. Garrity Jr. oversees the case.

Debtor has tapped Daniel Scott Alter, Esq., as its bankruptcy
attorney, Mazzola Lindstrom LLP as special counsel, and JGS,
C.P.A., P.C. as accountant.


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                               Total
                                              Share-      Total
                                   Total    Holders'    Working
                                  Assets      Equity    Capital
  Company         Ticker            ($MM)       ($MM)      ($MM)
  -------         ------          ------    --------    -------
ABSOLUTE SOFTWRE  ABT CN           130.2       (43.1)     (16.9)
ABSOLUTE SOFTWRE  OU1 GR           130.2       (43.1)     (16.9)
ABSOLUTE SOFTWRE  ALSWF US         130.2       (43.1)     (16.9)
ABSOLUTE SOFTWRE  ABT2EUR EU       130.2       (43.1)     (16.9)
ACCELERATE DIAGN  AXDX US          114.8       (37.0)      92.4
ACCELERATE DIAGN  1A8 GR           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
ACUTUS MEDICAL    AFIB US           72.0        (3.4)      15.1
ADAPTHEALTH CORP  AHCO US          739.3        (6.8)       6.5
AGENUS INC        AGEN US          185.8      (199.0)     (37.5)
AGENUS INC        AJ81 GR          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)
AGENUS INC        AJ81 QT          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)
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  AMC4EUR EU    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  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  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  A1G QT        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 GR        12,999.0       (44.0)     (52.0)
APACHE CORP       APA US        12,999.0       (44.0)     (52.0)
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 GZ        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- 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            -           -          -
ASCENDANT DIG -A  ACND US            0.4        (0.0)      (0.4)
ASCENDANT DIGITA  ACND/U US          0.4        (0.0)      (0.4)
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      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      AZOEUR EU     12,902.1    (1,632.7)    (371.1)
AUTOZONE INC      AZ5 QT        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  CUCA GR       21,690.0      (153.0)     137.0
AVIS BUDGET GROU  CAR US        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
AVIS BUDGET GROU  CAR2EUR EU    21,690.0      (153.0)     137.0
AVIS BUDGET GROU  CUCA QT       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  BHVN US          424.3       (35.5)     196.1
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
BIONOVATE TECHNO  BIIO US            -          (0.4)      (0.4)
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  BXC US           999.1       (18.2)     416.8
BOEING CO-BDR     BOEI34 BZ    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-CED     BA AR        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     BOE LN       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     BCO TH       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 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 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     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
BOEING CO/THE     BCO QT       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      BKJ GR         2,356.0      (479.1)    (273.5)
BRINKER INTL      EAT US         2,356.0      (479.1)    (273.5)
BRINKER INTL      BKJ TH         2,356.0      (479.1)    (273.5)
BRINKER INTL      BKJ QT         2,356.0      (479.1)    (273.5)
BRINKER INTL      EAT2EUR EU     2,356.0      (479.1)    (273.5)
BRP INC/CA-SUB V  B15A GZ        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  DOO CN         4,240.0      (666.0)     759.8
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
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   CWHEUR EU      3,264.6       (69.9)     474.7
CAMPING WORLD-A   C83 GR         3,264.6       (69.9)     474.7
CARERX CORP       CRRX CN          151.8        (1.6)      (6.7)
CARERX CORP       CHHHF US         151.8        (1.6)      (6.7)
CDK GLOBAL INC    C2G QT         2,854.1      (580.7)     158.8
CDK GLOBAL INC    CDK* MM        2,854.1      (580.7)     158.8
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 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    CTXS AV        4,548.1       (93.6)    (306.6)
CITRIX SYSTEMS    CTXS TE        4,548.1       (93.6)    (306.6)
CITRIX SYSTEMS    CTXS* MM       4,548.1       (93.6)    (306.6)
CITRIX SYSTEMS    CTX GZ         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    CTXS US        4,548.1       (93.6)    (306.6)
CITRIX SYSTEMS    CTX GR         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   C6O QT           628.2       (97.4)     210.3
CLOVIS ONCOLOGY   CLVSEUR EU       628.2       (97.4)     210.3
CLOVIS ONCOLOGY   C6O TH           628.2       (97.4)     210.3
COGENT COMMUNICA  OGM1 GR        1,005.4      (235.6)     397.1
COGENT COMMUNICA  CCOI US        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)
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      DE8 GR           468.7      (217.5)     (13.7)
DENNY'S CORP      DENNEUR EU       468.7      (217.5)     (13.7)
DIEBOLD NIXDORF   DBD GR         3,721.1      (708.5)     367.5
DIEBOLD NIXDORF   DBD US         3,721.1      (708.5)     367.5
DIEBOLD NIXDORF   DBDEUR EU      3,721.1      (708.5)     367.5
DIEBOLD NIXDORF   DBD TH         3,721.1      (708.5)     367.5
DIEBOLD NIXDORF   DBD QT         3,721.1      (708.5)     367.5
DIEBOLD NIXDORF   DBD SW         3,721.1      (708.5)     367.5
DINE BRANDS GLOB  DIN US         2,043.3      (368.6)     185.3
DINE BRANDS GLOB  IHP GR         2,043.3      (368.6)     185.3
DINE BRANDS GLOB  IHP TH         2,043.3      (368.6)     185.3
DOMINO'S PIZZA    DPZ US         1,581.7    (3,282.9)     467.2
DOMINO'S PIZZA    EZV GR         1,581.7    (3,282.9)     467.2
DOMINO'S PIZZA    DPZEUR EU      1,581.7    (3,282.9)     467.2
DOMINO'S PIZZA    EZV GZ         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
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
DOMO INC- CL B    DOMO US          195.1       (72.9)      (8.0)
DOMO INC- CL B    1ON GR           195.1       (72.9)      (8.0)
DOMO INC- CL B    DOMOEUR EU       195.1       (72.9)      (8.0)
DOMO INC- CL B    1ON GZ           195.1       (72.9)      (8.0)
DOMO INC- CL B    1ON TH           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  DNKNEUR EU     3,829.3      (587.7)     319.4
DUNKIN' BRANDS G  2DB QT         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 GR         1,484.1       (18.8)     108.3
EVERI HOLDINGS I  G2C TH         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     38D GR         6,092.1      (254.5)  (1,667.8)
GODADDY INC-A     38D QT         6,092.1      (254.5)  (1,667.8)
GODADDY INC-A     GDDY US        6,092.1      (254.5)  (1,667.8)
GOGO INC          GOGO US        1,064.8      (569.0)      98.9
GOGO INC          GOGOEUR EU     1,064.8      (569.0)      98.9
GOGO INC          G0G GR         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
GOLDEN STAR RES   GSC CN           381.3       (21.9)     (31.0)
GOLDEN STAR RES   GSS US           381.3       (21.9)     (31.0)
GOLDEN STAR RES   GS51 GR          381.3       (21.9)     (31.0)
GOLDEN STAR RES   GS51 QT          381.3       (21.9)     (31.0)
GOLDEN STAR RES   GSC1EUR EU       381.3       (21.9)     (31.0)
GOLDEN STAR RES   GS51 GZ          381.3       (21.9)     (31.0)
GOOSEHEAD INSU-A  GSHD US          142.6       (17.2)      60.0
GOOSEHEAD INSU-A  2OX GR           142.6       (17.2)      60.0
GOOSEHEAD INSU-A  GSHDEUR EU       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  EAF US         1,533.4      (574.7)     482.8
GRAFTECH INTERNA  G6G GZ         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  GRT1 GR           19.7        (3.3)      (1.0)
GREENPOWER MOTOR  GPVEUR EU         19.7        (3.3)      (1.0)
GREENPOWER MOTOR  GP US             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
GS ACQ HDS CO II  GSAH/U US          1.0        (0.0)      (0.0)
GS ACQUISITION-A  GSAH US            1.0        (0.0)      (0.0)
HARMONY BIOSCIE   HRMY US          163.1       (49.7)      74.0
HERBALIFE NUTRIT  HLF US         3,567.4      (264.8)   1,304.9
HERBALIFE NUTRIT  HOO GR         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
HERBALIFE NUTRIT  HLFEUR EU      3,567.4      (264.8)   1,304.9
HERBALIFE NUTRIT  HOO QT         3,567.4      (264.8)   1,304.9
HEWLETT-CEDEAR    HPQ AR        34,244.0    (1,986.0)  (4,757.0)
HEWLETT-CEDEAR    HPQC AR       34,244.0    (1,986.0)  (4,757.0)
HEWLETT-CEDEAR    HPQD 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* MM       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 US        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 TE       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    HD US         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* MM        63,349.0      (414.0)   7,162.0
HOME DEPOT INC    HD AV         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 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 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-CED    HDC AR        63,349.0      (414.0)   7,162.0
HOME DEPOT-CED    HD AR         63,349.0      (414.0)   7,162.0
HOME DEPOT-CED    HDD AR        63,349.0      (414.0)   7,162.0
HOVNANIAN ENT-A   HOV US         1,805.7      (479.5)     773.7
HOVNANIAN ENT-A   HO3A GR        1,805.7      (479.5)     773.7
HP COMPANY-BDR    HPQB34 BZ     34,244.0    (1,986.0)  (4,757.0)
HP INC            HPQ* MM       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 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 AV        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)
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     IMGN US          269.7       (24.5)     150.5
IMMUNOGEN INC     IMU GR           269.7       (24.5)     150.5
IMMUNOGEN INC     IMU TH           269.7       (24.5)     150.5
IMMUNOGEN INC     IMGNEUR EU       269.7       (24.5)     150.5
IMMUNOGEN INC     IMU GZ           269.7       (24.5)     150.5
IMMUNOGEN INC     IMGN* MM         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       1RK TH            21.3       (67.0)     (21.0)
INHIBRX INC       INBXEUR EU        21.3       (67.0)     (21.0)
INHIBRX INC       1RK QT            21.3       (67.0)     (21.0)
INSEEGO CORP      INSG US          211.9       (41.9)      46.8
INSEEGO CORP      INO GR           211.9       (41.9)      46.8
INSEEGO CORP      INSGEUR EU       211.9       (41.9)      46.8
INSEEGO CORP      INO GZ           211.9       (41.9)      46.8
INSEEGO CORP      INO TH           211.9       (41.9)      46.8
INSEEGO CORP      INO QT           211.9       (41.9)      46.8
INSU ACQUISITION  INAQU US           0.0        (0.0)      (0.0)
INTERCEPT PHARMA  I4P QT           637.5       (78.8)     443.1
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 TH           637.5       (78.8)     443.1
IRONWOOD PHARMAC  I76 TH           443.5       (36.9)     347.6
IRONWOOD PHARMAC  IRWD US          443.5       (36.9)     347.6
IRONWOOD PHARMAC  I76 GR           443.5       (36.9)     347.6
IRONWOOD PHARMAC  I76 QT           443.5       (36.9)     347.6
IRONWOOD PHARMAC  IRWDEUR EU       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   JBX QT         1,886.7      (827.0)     (42.7)
JACK IN THE BOX   JBX GZ         1,886.7      (827.0)     (42.7)
JACK IN THE BOX   JACK1EUR EU    1,886.7      (827.0)     (42.7)
JOSEMARIA RESOUR  JOSES I2          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)
JOSEMARIA RESOUR  JOSE SS           15.7       (38.0)     (49.1)
JOSEMARIA RESOUR  NGQSEK EU         15.7       (38.0)     (49.1)
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
KONTOOR BRAND     KTB US         1,572.8       (44.9)     589.1
L BRANDS INC      LTD GR        10,880.0    (1,904.0)   1,072.0
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      LBRA AV       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 QT        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      LTD SW        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   LXI TH         2,124.3      (228.9)     280.7
LENNOX INTL INC   LII1EUR EU     2,124.3      (228.9)     280.7
LENNOX INTL INC   LII* MM        2,124.3      (228.9)     280.7
LIVEXLIVE MEDIA   LIVX US           57.6       (11.3)     (43.4)
MADISON SQUARE G  MSG1EUR EU     1,233.8      (203.4)    (162.0)
MADISON SQUARE G  MS8 GR         1,233.8      (203.4)    (162.0)
MADISON SQUARE G  MSGS US        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   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)
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)
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 US        49,938.9    (9,463.1)    (636.7)
MCDONALDS CORP    MCD SW        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    MCD AV        49,938.9    (9,463.1)    (636.7)
MCDONALDS CORP    0R16 LN       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 CORP    MDO QT        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  MIM GR         3,923.3    (1,509.9)     385.4
MICHAELS COS INC  MIK US         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  MOSI AV       10,374.0      (815.0)     606.0
MOTOROLA SOLUTIO  MTLA GZ       10,374.0      (815.0)     606.0
MOTOROLA SOLUTIO  MSI1EUR EU    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
MSCI INC          MSCI US        4,187.4      (310.9)   1,064.9
MSCI INC          3HM GR         4,187.4      (310.9)   1,064.9
MSCI INC          3HM GZ         4,187.4      (310.9)   1,064.9
MSCI INC          3HM QT         4,187.4      (310.9)   1,064.9
MSCI INC          MSCI* MM       4,187.4      (310.9)   1,064.9
MSG NETWORKS- A   MSGN US          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
MSG NETWORKS- A   1M4 GR           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     NAV US         6,675.0    (3,828.0)   1,577.0
NAVISTAR INTL     IHR GR         6,675.0    (3,828.0)   1,577.0
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 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  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)
NORTONLIFELOCK I  SYM QT         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        OPT CN            91.1       (49.6)       4.5
OPTIVA INC        RKNEF US          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  PP1 GR           757.7       (33.4)      (3.4)
PAPA JOHN'S INTL  PZZA US          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
PARTY CITY HOLDC  PRTY US        3,056.8      (137.0)     102.4
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  PMI SW        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  0M8V LN       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  4I1 GZ        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 QT        39,162.0   (10,120.0)   1,984.0
PHILIP MORRIS IN  PMOR AV       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
PLATINUM GROUP M  PTM CN            36.3        (4.3)      (1.8)
PPD INC           PPD US         5,906.5    (1,034.5)     136.9
PRIORITY TECHNOL  PRTH US          449.7      (133.5)      (4.8)
PROGENITY INC     4ZU TH           111.0       (84.8)       9.5
PROGENITY INC     4ZU GR           111.0       (84.8)       9.5
PROGENITY INC     PROGEUR EU       111.0       (84.8)       9.5
PROGENITY INC     4ZU QT           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      QTM1EUR EU       164.9      (195.5)      (0.9)
QUANTUM CORP      QNT2 GR          164.9      (195.5)      (0.9)
RADIUS HEALTH IN  RDUS US          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
RADIUS HEALTH IN  1R8 GR           175.1      (109.4)      94.2
REC SILICON ASA   RECO IX          268.9       (49.9)       4.4
REC SILICON ASA   REC NO           268.9       (49.9)       4.4
REC SILICON ASA   REC SS           268.9       (49.9)       4.4
REC SILICON ASA   RECO S1          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 QX          268.9       (49.9)       4.4
REC SILICON ASA   RECO I2          268.9       (49.9)       4.4
REC SILICON ASA   RECO PO          268.9       (49.9)       4.4
REC SILICON ASA   RECO B3          268.9       (49.9)       4.4
REC SILICON ASA   RECO S2          268.9       (49.9)       4.4
REKOR SYSTEMS IN  REKR US           22.6        (4.6)      (0.2)
REKOR SYSTEMS IN  38E GR            22.6        (4.6)      (0.2)
REKOR SYSTEMS IN  REKREUR EU        22.6        (4.6)      (0.2)
REVLON INC-A      REV US         2,999.3    (1,548.5)      28.9
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
RIMINI STREET IN  RMNI US          201.8       (89.8)     (91.5)
ROSETTA STONE IN  RS8 TH           191.0       (20.2)     (65.3)
ROSETTA STONE IN  RS8 GR           191.0       (20.2)     (65.3)
ROSETTA STONE IN  RST US           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 GR         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 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* MM       9,390.5    (4,290.6)      71.4
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 COMMUN - BDR  S1BA34 BZ      9,390.5    (4,290.6)      71.4
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
SCIENTIFIC GAMES  TJW GZ         7,844.0    (2,479.0)     847.0
SEALED AIR C-BDR  S1EA34 BZ      5,756.3       (70.1)     277.4
SEALED AIR CORP   SDA GR         5,756.3       (70.1)     277.4
SEALED AIR CORP   SEE US         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
SEALED AIR CORP   SDA QT         5,756.3       (70.1)     277.4
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 SW           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  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)
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)
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  SIXEUR EU      2,968.9      (426.8)      82.8
SIX FLAGS ENTERT  SIX US         2,968.9      (426.8)      82.8
SIX FLAGS ENTERT  6FE TH         2,968.9      (426.8)      82.8
SLEEP NUMBER COR  SNBR US          768.8      (163.0)    (420.8)
SLEEP NUMBER COR  SL2 GR           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  IPOB US          415.4       400.7        1.2
SOCIAL CAPITAL-A  IPOC US          829.2       800.2        1.1
SONA NANOTECH IN  SNANF US           1.8        (1.4)      (1.6)
SONA NANOTECH IN  SONA CN            1.8        (1.4)      (1.6)
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* MM      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    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    0QZH LI       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 CORP    SBUX SW       29,140.6    (8,624.3)    (421.0)
STARBUCKS CORP    SRB QT        29,140.6    (8,624.3)    (421.0)
STARBUCKS-BDR     SBUB34 BZ     29,140.6    (8,624.3)    (421.0)
STARBUCKS-CEDEAR  SBUXD AR      29,140.6    (8,624.3)    (421.0)
STARBUCKS-CEDEAR  SBUX 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   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
TRANSDIGM GROUP   TDG* MM       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 GR         1,194.3      (282.3)    (730.8)
TUPPERWARE BRAND  TUP US         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)
TUPPERWARE BRAND  TUP QT         1,194.3      (282.3)    (730.8)
TUPPERWARE BRAND  TUP SW         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      3UB GZ           737.5      (295.5)     322.4
UBIQUITI INC      UBNTEUR EU       737.5      (295.5)     322.4
UNISYS CORP       USY1 GR        2,399.3      (238.7)     527.3
UNISYS CORP       USY1 TH        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       UISEUR EU      2,399.3      (238.7)     527.3
UNISYS CORP       UISCHF EU      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   8XC TH         4,816.2    (2,217.1)       -
UNITI GROUP INC   8XC GR         4,816.2    (2,217.1)       -
UNITI GROUP INC   UNIT US        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  VGREUR EU      1,531.7      (669.2)     300.6
VECTOR GROUP LTD  VGR TH         1,531.7      (669.2)     300.6
VECTOR GROUP LTD  VGR QT         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      VRSN US        1,820.1    (1,400.3)     231.3
VERISIGN INC      VRS GR         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      VRS QT         1,820.1    (1,400.3)     231.3
VERISIGN INC      VRS SW         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 GZ         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    WMG AV         6,148.0       (21.0)    (943.0)
WARNER MUSIC-A    WA4 TH         6,148.0       (21.0)    (943.0)
WATERS CORP       WAT US         2,648.3      (191.7)     572.1
WATERS CORP       WAZ GR         2,648.3      (191.7)     572.1
WATERS CORP       WAZ TH         2,648.3      (191.7)     572.1
WATERS CORP       WAT* MM        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-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 GZ         4,379.5      (787.4)     595.6
WAYFAIR INC- A    1WF QT         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
WESTERN UNIO-BDR  WUNI34 BZ      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 GR         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)
WESTERN UNION     W3U QT         8,707.0       (73.4)    (290.8)
WESTERN UNION     W3U SW         8,707.0       (73.4)    (290.8)
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)
WHITING PETROLEU  WHT2 TH        3,732.2      (178.3)    (478.8)
WIDEOPENWEST INC  WOW US         2,494.4      (238.6)     (95.8)
WIDEOPENWEST INC  WOW1EUR EU     2,494.4      (238.6)     (95.8)
WIDEOPENWEST INC  WU5 QT         2,494.4      (238.6)     (95.8)
WIDEOPENWEST INC  WU5 GR         2,494.4      (238.6)     (95.8)
WIDEOPENWEST INC  WU5 TH         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   WKHS US           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   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  WW6 GZ         1,469.5      (645.5)     (93.7)
WW INTERNATIONAL  WTW AV         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  WW6 TH         1,469.5      (645.5)     (93.7)
WYNDHAM DESTINAT  WYND US        7,597.0    (1,050.0)   1,308.0
WYNDHAM DESTINAT  WD5 GR         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  YRCW US        1,936.6      (466.9)      57.0
YRC WORLDWIDE IN  YEL1 GR        1,936.6      (466.9)      57.0
YRC WORLDWIDE IN  YEL1 QT        1,936.6      (466.9)      57.0
YRC WORLDWIDE IN  YRCWEUR EU     1,936.6      (466.9)      57.0
YRC WORLDWIDE IN  YEL1 TH        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   YUM US         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 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   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



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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.

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                   *** End of Transmission ***