/raid1/www/Hosts/bankrupt/TCR_Public/201114.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
Saturday, November 14, 2020, Vol. 24, No. 318
Headlines
RTW RETAILWINDS: Net Income Increases to $4.77 Million at Aug. 29
TAILORED BRANDS: Posts $55.81 Million Net Loss at Aug. 29
YUMA ENERGY: Ended June With $118,911 Ending Cash Balance
YUMA ENERGY: Ended May With -$2,989 Ending Cash Balance
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RTW RETAILWINDS: Net Income Increases to $4.77 Million at Aug. 29
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RTW Retailwinds, Inc., et al., filed with the U.S. Securities and
Exchange Commission their monthly operating report for the period
from August 2, 2020 through August 29, 2020.
The Debtors' consolidated statement of operations showed a net
income of $4.77 million on $46.85 million of net sales in August,
as compared $1.67 million net income reported for the previous
reporting period.
As of August 29, 2020, the Debtors listed $345.03 million in
consolidated total assets, $385.15 million in consolidated total
liabilities, and $40.12 million in consolidated total shareholders'
deficit.
The Debtors listed total cash receipts of $46.94 million and total
cash disbursements of $44.23 million.
A copy of the monthly operating report is available at the SEC at:
https://bit.ly/33PbIpy
About RTW Retailwinds
RTW Retailwinds, Inc. [OTC PINK:RTWI], formerly known as New York &
Company, Inc., is a specialty women's omni-channel retailer with a
powerful multi-brand lifestyle platform providing curated fashion
solutions that are versatile, on-trend, and stylish at a great
value. The specialty retailer, first incorporated in 1918, has
grown to now operate 378 retail and outlet locations in 32 states
while also growing a substantial eCommerce business. The Company's
portfolio includes branded merchandise from New York & Company,
Fashion to Figure, and Happy x Nature. The Company's branded
merchandise is sold exclusively at its retail locations and online
at http://www.nyandcompany.com/,http://www.fashiontofigure.com/,
http://www.happyxnature.com/,and through its rental subscription
businesses at http://www.nyandcompanycloset.com/and
http://www.fashiontofigurecloset.com/
RTW Retailwinds, Inc. and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 20-18445)
on July 13, 2020. The petitions were signed by Sheamus Toal, CEO,
CFO and treasurer.
As of July 13, 2020, the Debtors reported total assets of
$405,356,610 and total liabilities of $449,962,395.
The Hon. John K. Sherwood presides over the cases.
Michael D. Sirota, Esq., Stuart Komrower, Esq., Ryan T. Jareck,
Esq., and Matteo W. Percontino, Esq. of Cole Schotz P.C. serve as
counsel to the Debtors. Berkeley Research Group, LLC, has been
tapped as financial advisor to the Debtors; B. Riley FBR, Inc. as
investment banker; and Prime Clerk, LLC as claims and noticing
agent.
TAILORED BRANDS: Posts $55.81 Million Net Loss at Aug. 29
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Tailored Brands, Inc., filed with the U.S. Securities and Exchange
Commission its monthly operating report for the period from August
2, 2020 to August 29, 2020.
The Debtor's statement of operations showed a net loss of $55.81
million on $99.86 million of revenue for the reporting period.
As of August 29, 2020, the Debtor listed $2,006.68 million in total
assets, $2,576.58 million in total liabilities, and $569.90 million
in total shareholders' deficit.
The Debtor listed total cash receipts of $487.76 million and total
cash disbursements of $548.84 million in August.
A copy of the monthly operating report is available at the SEC at:
https://bit.ly/33Tqw6B
About Tailored Brands
Tailored Brands, Inc., (NYSE: TLRD) is an omni-channel specialty
retailer of menswear, including suits, formalwear and a broad
selection of polished and business casual offerings. It delivers
personalized products and services through its convenient network
of over 1,400 stores in the United States and Canada as well as its
branded e-commerce websites at http://www.menswearhouse.com/and
http://www.josbank.com. Its brands include Men's Wearhouse, Jos.
A. Bank, Moores Clothing for Men and K&G.
Tailored Brands reported a net loss of $82.28 million for the year
ended Feb. 1, 2020, compared to net earnings of $83.24 million for
the year ended Feb. 2, 2019. As of Feb. 1, 2020, the Company had
$2.42 billion in total assets, $2.52 billion in total liabilities,
and a total shareholders' deficit of $98.31 million.
On Aug. 2, 2020, Tailored Brands and its subsidiaries sought
Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 20-33900) on
Aug. 2, 2020. As of July 4, 2020, Tailored Brands disclosed
$2,482,124,043 in total assets and $2,839,642,691 in total
liabilities.
The Hon. Marvin Isgur is the case judge.
The Debtors tapped Kirkland & Ellis LLP as general bankruptcy
counsel; Jackson Walker L.L.P., Stikeman Elliot LLP and Mourant
Ozannes as co-bankruptcy counsel; PJT Partners LP as financial
advisor; Alixpartners, LLP as restructuring advisor; and A&G Realty
Partners, LLC as the real estate consultant and advisor. Prime
Clerk LLC is the claims agent.
YUMA ENERGY: Ended June With $118,911 Ending Cash Balance
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The Yuma Companies, Inc., filed with the U.S. Securities and
Exchange Commission its monthly operating report for June 2020.
As of June 30, 2020, the Debtor listed $16.76 million in total
assets, $5.76 million in total liabilities, and $22.52 million in
total shareholders' equity.
At June 1, 2020, the Debtor had $246,402 beginning cash balance.
It listed total cash receipts of $14,184 and total cash
disbursements of $141,675. Thus, the Debtor had $118,911 ending
cash balance at June 30, 2020.
A copy of the monthly operating report is available at the SEC at:
https://bit.ly/2FjNsCi
About Yuma Energy
Yuma Energy, Inc. is an independent Houston-based exploration and
production company. It is focused on the acquisition, development,
and exploration for conventional and unconventional oil and natural
gas resources, primarily in the U.S. Gulf Coast, the Permian Basin
of West Texas and California. It has employed a 3-D seismic-based
strategy to build a multi-year inventory of development and
exploration prospects. Its current operations are focused on
onshore properties located in southern Louisiana, southeastern
Texas and recently, in the Permian basin of West Texas. In
addition, Yuma Energy has non-operated positions in the East Texas
Eagle Ford and Woodbine, and operated positions in Kern County in
California. Visit http://www.yumaenergyinc.comfor more
information.
Yuma Energy and three of its affiliates filed for bankruptcy
protection on April 15, 2020 (Bankr. N.D. Tex. Lead Case No.
20-41455). Anthony C. Schnur, chief restructuring officer, signed
the petitions.
As of Dec. 31, 2019, Yuma posted $32,290,329 in total assets and
$28,270,794 in total liabilities.
Debtors have tapped Hayward & Associates, PLLC and Fisher Broyles
LLP as their legal counsel, Seaport Gordian Energy LLC as their
investment banker, Ankura Consulting Group LLC as their financial
advisor, and Stretto as their administrative advisor.
YUMA ENERGY: Ended May With -$2,989 Ending Cash Balance
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Yuma Exploration and Production Company, Inc., filed with the U.S.
Securities and Exchange Commission its monthly operating report for
May 2020.
As of May 31, 2020, the Debtor listed $12.29 million in total
assets, $22.74 million in total liabilities, and -$10.45 million in
total shareholders' equity.
At May 1, 2020, the Debtor had $245,354 beginning cash balance. It
listed total cash receipts of $161,511 and total cash disbursements
of $409,854. Thus, the Debtor had -$2,989 ending cash balance at
May 31, 2020.
A copy of the monthly operating report is available at the SEC at:
https://bit.ly/3jQvYfW
About Yuma Energy
Yuma Energy, Inc. is an independent Houston-based exploration and
production company. It is focused on the acquisition, development,
and exploration for conventional and unconventional oil and natural
gas resources, primarily in the U.S. Gulf Coast, the Permian Basin
of West Texas and California. It has employed a 3-D seismic-based
strategy to build a multi-year inventory of development and
exploration prospects. Its current operations are focused on
onshore properties located in southern Louisiana, southeastern
Texas and recently, in the Permian basin of West Texas. In
addition, Yuma Energy has non-operated positions in the East Texas
Eagle Ford and Woodbine, and operated positions in Kern County in
California. Visit http://www.yumaenergyinc.comfor more
information.
Yuma Energy and three of its affiliates filed for bankruptcy
protection on April 15, 2020 (Bankr. N.D. Tex. Lead Case No.
20-41455). Anthony C. Schnur, chief restructuring officer, signed
the petitions.
As of Dec. 31, 2019, Yuma posted $32,290,329 in total assets and
$28,270,794 in total liabilities.
Debtors have tapped Hayward & Associates, PLLC and Fisher Broyles
LLP as their legal counsel, Seaport Gordian Energy LLC as their
investment banker, Ankura Consulting Group LLC as their financial
advisor, and Stretto as their administrative advisor.
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