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

              Friday, February 12, 2021, Vol. 25, No. 42

                            Headlines

199 REALTY: March 11 Hearing on Disclosure Statement
2999TC LP: Hodges Parties Say Modifications Still Inadequate
3MB LLC: Says Negotiations with Potential Buyers Ongoing
60 91ST STREET: Unsecureds to Recover 0% to 10% in Trustee Plan
85 FLATBUSH RHO: Seeks to Hire Robinson Brog as Legal Counsel

AAG CREPE: Seeks Until Oct. 18 to File Plan & Disclosures
ADTALEM GLOBAL: Moody's Rates New $650M Secured Notes Due 2028 'B1'
AKUMIN INC: Add-on $75MM Secured Notes No Impact on Moody's B3 CFR
AMERICAN TRAILER: Moody's Rates New $815MM First Lien Loans 'B3'
AMERIDIAN INDUSTRIES: Gets Cash Collateral Access Thru March 19

AMWINS GROUP: Moody's Gives Ba3 Rating on New $1.9-Bil. Term Loan
ANGLIN CULTURED STONE: Seeks Use of Cash Collateral
APOLLO ENDOSURGERY: Appoints Charles McKhanna as CEO
ARCHDIOCESE OF NEW ORLEANS: Commercial Creditors to Get Own Panel
AUTHENTIC HOSPITALITY: Court Approves Disclosure Statement

BENTON ENTERPRISES: Sale of Properties to Fund Plan Payments
BEST VIDEO: Amazon Says Disclosures Silent on $472K Claim
BLUE TREE: Moody's Assigns 'Ba3' CFR & Rates New Term Loan 'B1'
BOMBARDIER REC: Moody's Hikes CFR to Ba3, Alters Outlook to Stable
BRISTOW GROUP: Moody's Hikes CFR to B1 & Rates New $400MM Notes B1

BUENA PARK: Plan & Disclosures Due June 1, 2021
CALCEUS ACQUISITION: Moody's Lowers CFR to B3, Outlook Negative
CALFRAC WELL: Wilks Brothers Appeal to Be Heard by District Court
CAMBER ENERGY: Changes Fiscal Year End to December 31
CANAL CORPORATION: WTM I Fine-Tunes Proposed Plan

CAROLINA INTEGRATIVE: March 23 Plan Confirmation Hearing Set
CENTENE CORP: Fitch Rates $2.2 Billion Unsecured Notes 'BB+'
CHARLIE BROWN'S: Unsecureds Owed $380K to Get $100K in Plan
CHARM HOSPITALITY: Vogue Says Incorrect Proof of Claim Deadline
CHRISTOPHER & BANKS: Wins Cash Collateral Access on Final Basis

CICI'S HOLDINGS: Seeks to Hire Gray Reed as Legal Counsel
COMMUNITY PROVIDER: Describes Potential Claims Against CPES AZ
CONTINENTAL COUNTRY CLUB: To Stay Open Despite Chapter 11 Filing
CPESAZ LIQUIDATING: Seeks to Hire 'Ordinary Course' Professionals
D. J. GUZZARDO: February 25 Disclosure Statement Hearing Set

DATTO INC: Moody's Completes Review, Retains B1 Rating
DIAMOND OFFSHORE: Bondholders Recover 37% in Debt-for-Equity Plan
DIOCESE OF WINONA-ROCHESTER: Reaches $21.5M Deal With Creditors
DR. S. DAYYANI OD: Aetna Life Says Plan Patently Unconfirmable
DRILLING STRUCTURES: Unsecureds to Recover 100% in Confirmed Plan

E-Z GENERAL: Hearing Today on Emergency Cash Collateral Access Bid
ENTERPRISE DEVELOPMENT: Moody's Raises CFR to B3, Outlook Stable
FF FUND: Says Disclosures Amended to Address Objections
FIBERCORR MILLS: Wins Cash Collateral Access Thru March 3
FIGUEROA MOUNTAIN: Committee Taps Brinkman Law as Counsel

FIRSTENERGY CORP: Must Face Over $60 Mil. Bribery Scheme Lawsuit
FL SUNSHINE SERVICES: Wins Cash Collateral Access on Interim Basis
FLOW SERVICES: Wins Cash Collateral Access Thru Feb. 23
FORM TECHNOLOGIES: Moody's Upgrades CFR to B3, Outlook Stable
FOX SUBACUTE: Wins Cash Collateral Access Thru May 1

GOLDEN HOTEL: Wells Fargo Says Plan Lacks Good Faith
GRAFTECH FINANCE: Moody's Ups CFR to Ba3, Alters Outlook to Stable
GREEN SIDE UP: Plan Filing Deadline Extended to March 3
GROUND OPTIONS: Subchapter V Plan Deadline Extended to April 30
GULFPORT ENERGY: Revises Plan Schedule for Committee

HANKEY O'ROURKE: Says Talks With Prospective Buyer Ongoing
HARRAH WHITES: Gets OK to Hire Gungoll Jackson as Special Counsel
HAWAIIAN HOLDINGS: Units Complete Offering of $1.2B Senior Notes
HRB PROPERTIES: March 16 Plan Confirmation Hearing Set
INFINITY INTERNET: Seeks Access to Cash Collateral

INTEGRATED AG XI: Farmland Investment Firm in Chapter 11
ISTANBUL REGO: Seeks to Hire Law Offices of Alla Kachan as Counsel
JANA LLC: U.S. Trustee Unable to Appoint Committee
KNOTEL INC: Committee Asks Court to Delay Chapter 11 Hearing
LIVINGWAY CHRISTIAN: Unsecureds to Be Paid in Full in Plan

LONGHORN JUNCTION: Seeks to Hire Hayward PLLC as Legal Counsel
MALLINCKRODT PLC: Tribes Want to Take Part in Mediation
McIVOR HOLDINGS: Case Summary & 6 Unsecured Creditors
MEDIA LODGE: Hires Carney Badley as Appellate Litigation Counsel
MERCY HOSPITAL: Files for Chapter 11 Amid Plans to Shut

MOUNTAIN PROVINCE: Reports COVID-19 Outbreak at Gahcho Kue Mine
MUSEUM OF AMERICAN JEWISH: Taps EisnerAmper as Tax Accountant
NASHEF LLC: Wins Cash Collateral Access Thru Feb. 25
NATIONAL RIFLE ASSOCIATION: Agrees to Delay Matters for Committee
NATIONAL RIFLE: Seeks to Hire Brewer Attorneys as Special Counsel

NATIONAL RIFLE: Seeks to Hire Neligan LLP as Legal Counsel
NEW CAFE: Court Conditionally Approves Disclosure Statement
NORTHWEST FIBER: Moody's Rates New $300MM Unsecured Notes 'Caa1'
ONEX TSG: Moody's Rates New First Lien Loans 'B2', Outlook Stable
ORTHO-CLINICAL DIAGNOSTICS: Moody's Hikes CFR to B1 on Repayment

P8H, INC: Gets Access to Cash Collateral Thru March 14
PACIFIC LINKS: Makaha Valley Country Club in Chapter 11
PEMBINA PIPELINE: DBRS Finalizes BB (High) Rating on Sub Notes
PENNYMAC FINANCIAL: Moody's Upgrades Sr. Unsecured Bond to B1
PREMIERE JEWELLERY: Wins Cash Collateral Access

PRIME SCUBA: Seeks Approval to Hire Bankruptcy Attorney
PUERTO RICO: Board Reaches Plan Deal with GO & PBA Bondholders
RAM DISTRIBUTION: Unsecureds to Recover 1% in 10 Years
ROBERT ALLEN: Amends List of Property Parcels for Sale
SEADRILL LTD: Non-Debtor SNFL Reaches Forbearance Agreement

SEADRILL LTD: Returns to Chapter 11, Cites Pandemic, Oil Price War
SEADRILL PARTNERS: U.S. Trustee Appoints Creditors' Committee
SNL BALDWIN REALTY: All Claims Unimpaired in Sale Plan
SOURCE ENERGY: DBRS Hikes Issuer Rating to CCC, Trend Stable
T & C DOWNTOWN: Wins Cash Collateral Access Thru March 2

TELESAT CANADA: Moody's Puts B1 CFR Under Review for Downgrade
THG PROPERTIES: Unsecureds Will Receive 100% Dividend in Plan
THOC PA: March 10 Plan Confirmation Hearing Set
THOMAS FUCHS: Gets Access to SBA's Cash Collateral on Final Basis
TIGER OAK: Gets Cash Collateral Access Thru March 31

TOSCA SERVICES: Moody's Rates New $526.5MM Fist Lien Loan 'B2'
TUPPERWARE BRANDS: Moody's Withdraws Caa2 CFR on Debt Redemption
TWT LLC: U.S. Trustee Unable to Appoint Committee
US STEEL: Moody's Rates Senior Unsecured Notes 'Caa2'
VRAI TABERNACLE: $2M Sale to Allow Full Payment to Creditors

WALKER RADIO: Wins Cash Collateral Access Thru March 17
WARDMAN HOTEL: Court Denies Marriott's Bid to Move Case to DC
WAVE COMPUTING: Court OKs Plan With Chance of Full Recovery
WB BRIDGE HOTEL: Seeks to Hire Robinson Brog as Legal Counsel
WB BRIDGE HOTEL: U.S. Trustee Appoints Creditors' Committee

[^] BOOK REVIEW: The First Junk Bond

                            *********

199 REALTY: March 11 Hearing on Disclosure Statement
----------------------------------------------------
The hearing on the adequacy of the Disclosure Statement of 199
Realty Corp.
will be held before the Honorable Vincent F. Papalia on March 11,
2021, at 10:00am. The hearing will be conducted by phone via Court
Solutions.

Written objections to the adequacy of the Disclosure Statement
shall be filed and served no later than 14 days prior to the
hearing before this Court.

As reported in the Troubled Company Reporter, 199 Realty Corp.
filed a Third Modified Plan of Reorganization and a corresponding
Disclosure Statement on Dec. 22, 2020.  Class 4 consists of General
Unsecured Claims with an approximate amount of $2,690,609.  The
United States Land Resources, LP, has agreed to defer distribution
on its claim of $1,136,552 until such time that all other holders
of general unsecured claims have been satisfied.  The Class 4
Claims will be paid interest at the Interest Rate, which the Debtor
has defined as 5% per annum or such other rate as determined by the
Court, from and after the Effective Date; quarterly principal and
interest payments starting on the first day of the third month
succeeding the Effective Date with a balloon payment from the net
sale proceeds from the Debtor's sale of the Property, and
amortization on a 25-year constant quarterly payment amortization
schedule.  All existing Equity Interests will be retained by the
Equity Interest Holders.

A full-text copy of the Third Modified Disclosure Statement dated
December 22, 2020, is available at https://bit.ly/37Y3LjK from
PacerMonitor.com at no charge.

                       About 199 Realty Corp.

199 Realty Corp. is a New Jersey corporation.  The stock of 199
Realty Corp. was acquired by 199 Garibaldi Realty Holding, Inc., on
Dec. 31, 2010.  199 Realty owns property consisting of a 116,716
sq. ft. industrial building located at 199 Garibaldi Avenue, Lodi,
New Jersey.

199 Realty filed a Chapter 11 petition (Bankr. D.N.J. Case No.
13-14776) on March 7, 2013, and is represented by Morris S. Bauer,
Esq., in Bridgewater, New Jersey.  In the petition signed by
Lawrence S. Berger, president, the Debtor estimated $1 million to
$10 million in assets and debt.


2999TC LP: Hodges Parties Say Modifications Still Inadequate
------------------------------------------------------------
L. Allen Hodges III, et al. ("Hodges Parties") filed an amended
objection to 2999TC LP, LLC's Disclosure Statement to its Plan of
Reorganization and First Modification.

Hodges Parties points out that the Disclosure Statement should not
be approved since it does not contain adequate information:

   * The Disclosure Statement still lacks an appropriate
explanation of the Appeal, specifically the fact that the Debtor
has appealed the Dismissal/Remand Order, which will ultimately
affect the claims against it and related distributions.  Even with
the additional modifications to the Disclosure Statement, the
Debtor fails to clarify that it is actually appealing the Hodges
Parties' dismissal of the causes of action against it.

   * The Disclosure Statement makes conclusory statements with
respect to resolution of the Appeal. The Disclosure Statement
basically asserts that if the Appeal is granted, then the Adversary
Proceeding will summarily be determined by this Court. Because
there are a number of independent issues on Appeal, that is not an
accurate statement and needs to be further clarified. .

   * The Disclosure Statement still does not provide adequate
information regarding the proposed funding of the Plan.

   * The Debtor states that the estimated liquidation analysis
would yield net proceeds of one-half of the market value scheduled
by the Debtor.  However, there is little to no evidence or support
given in connection with the stated market value and the
liquidation projections.  The only support given is that the
$4,000,000 value of the membership interest "is the Debtor's
opinion of value based on the initial contribution to the capital
account and the appreciated value of the land."

   * In Article X, titled "Risks to Creditors Under the Plan", the
Original Disclosure Statement discusses a potential sale of lots to
generate income sufficient to pay the Debtor's obligations under
the Plan and further mentions estimated projections. The
Modification states that "the Debtor's Plan provides for the
development of land and the developing a mixed-use condominium and
hotel project in Dallas County, Texas as further described herein.
The Debtor will secure funding in order to complete the development
of the land and construction thereon." However, based upon the
Hodges Parties' review, there is no information discussing this in
the Plan nor in the Disclosure Statement.

   * In the event the Debtor is the contemplated redeeming party,
there is no disclosure regarding the potential tax consequences
resulting from the redemption of its membership interests and how
that would impact value and distributions.

Hodges Parties further point out that the Disclosure Statement's
underlying Plan is not confirmable.

  * The Debtor's purported 100% plan is not feasible because it
relies on speculative and unrealistic projections that lack any
realistic or supported basis.  It seems that the Debtor anticipates
redeeming its membership interest to pay the Hodges Parties' claims
(to the extent they are not dismissed in the Appeal).  Such claims
are not minimal as they total at least $4,000,000. While it is a
little unclear, it seems that such redemption is based upon a
refinancing of certain loans involving real property. However,
there is little to no information regarding this process and the
likelihood that the process will result in actual funds available
for distribution to Allowed Claims under the Plan.

   * The Plan classifies the Hodges Parties' contingent claims
within Class 2, and provides that such Class 2 claims will be paid
in full over two years in equal monthly installments commencing
June 1, 2021 with a final lump sum payment of the full remaining
balance due on June 1, 2023. Not only does the Disclosure Statement
not explain the amounts of the equal monthly installments and final
lump sum payment, but this treatment also fails to comply with the
absolute priority rule.

   * In violation of the absolute priority rule, the Plan permits
junior equity interests in Class 5 to retain their interests in the
Debtor, presumably as of the Effective Date, notwithstanding the
fact that the Hodges Parties will not receive a single payment
until months after the Effective Date and will not receive payment
in full for multiple years after the Effective Date, if at all.

   * The Disclosure Statement and Plan further provide that Class 2
Claims consisting of the Hodges Parties' claims shall be paid in
full over two years in equal monthly installments (in an unknown
amount) commencing on June 1, 2021, while equity apparently retains
its interests as of the Effective Date.. Because equity retains its
interests prior to unsecured classes receiving payment in full, the
current Plan fails the best interests of creditors test. The
inability of the proposed Plan to meet all of the requirements of
§ 1129(a) of the Bankruptcy Code is fatal to confirmation of the
Plan, and justifies denial of the Disclosure Statement now.

   * According to Greystone, both the Hodges Parties' contingent
claims and the remaining general unsecured creditors' claims should
be placed within the same class, as these claims share common
priority rights against the Debtor and are held by third party
claimants. Nevertheless, the Plan proposes to place these claims in
entirely separate classes.

Attorneys for the Hodges Parties:

     Dee J. Kelly, Jr.
     Katherine T. Hopkins
     Joakim G. Soederbaum
     KELLY HART & HALLMAN LLP
     201 Main Street, Suite 2500
     Fort Worth, TX 76102
     Telephone: (817) 332-2500
     Facsimile: (817) 878-9280
     E-mail: dee.kelly@kellyhart.com
             katherine.hopkins@kellyhart.com
             joakim.soederbaum@kellyhart.com

                     About 2999TC LP LLC

2999TC LP, LLC, owns a membership interest and a $4,000,000 capital
account in 2999TC JMJ MGR, LLC, which is part of a group of
entities collectively owning a 2.5-acre tract of real property
located at 2999 Turtle Creek Boulevard in Dallas, Texas, to be
developed into a luxury hotel and condominiums.

2999TC LP, LLC, filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No.
20-43204) on Oct. 16, 2020.  2999TC President Tim Barton signed the
petition.  At the time of the filing, the Debtor was estimated to
have $1 million to $10 million in both assets and liabilities.
Judge Mark X. Mullin oversees the case.  Joyce W. Lindauer Attorney
PLLC serves as the Debtor's counsel.


3MB LLC: Says Negotiations with Potential Buyers Ongoing
--------------------------------------------------------
3MB, LLC filed the First Amended Plan of Reorganization and a
Disclosure Statement on Feb. 4, 2021.

A hearing for approval of the First Amended Disclosure Statement is
set for April 7, 2021.

The First Amended Disclosure Statement provides that U.S. Bank has
perfected its security interests in the rents generated by the
property of the Debtor and rents generated by the Shopping Center
constitute the cash collateral of the Bank.  U.S. Bank has
consented to Debtor's use of its cash collateral per the terms of a
Stipulation re Use of Cash Collateral (Stipulation) filed on Nov.
13, 2020.  The Court approved the Stipulation on Nov. 16, 2020, and
the Stipulation authorizes Debtor to use US Bank's cash collateral
to make adequate protection payments to US Bank and the KCTTC and
pay ordinary and necessary business expenses incurred by Debtor
consistent with a Budget included in the Stipulation.

The First Amended Plan provides for the sale of the Starbucks Pad
and the Western Dental Pad. The Starbucks Pad and the Western
Dental Pad represent about 13.61 percent of the Shopping Center's
square footage and the area where Starbucks Coffee Company and
Western Dental & Orthodontics operate businesses. Debtor expects to
sell the Starbucks Pad and the Western Dental Pad for $4.5 million
or more and for the two pads to be sold within one year of the
effective date of the Plan.

The Debtor has engaged in extensive negotiations with potential
buyers of the Starbucks Pad and Western Dental since Debtor has
filed its Chapter 11 case. These potential buyers include a large
non-profit organization, commercial real estate investment groups,
and private individuals including the Bhangoo Family.  The First
Amended Disclosure Statement does not disclose the identity of the
potential buyers for confidentiality reasons.

Under the Plan, the Debtor will make payments of $34,875 per month
to US Bank and $9,768 per month to KCTTC until the Starbucks Pad
and the Western Dental Pad are sold.  Proceeds from the sale of the
Starbucks Pad and the Western Dental Pad will be used to satisfy in
full the KCTTC's claims of $350,000 or less and reduce US Bank's
claim by $4.15 or more.

The Debtor will lease part of the Shopping Center that is vacant at
the present time of CITA.  The Debtor expects to receive rent of
$8,000.00 per month from CITA under the lease.  The Debtor will
lease other vacant space in the Shopping Center as soon as
practicable.  The Debtor's leasing other vacant space in the
Shopping Center will increase the Debtor's income and make the
First Amended Plan more feasible.

The Debtor will operate its business and sell the Starbucks Pad and
the Western Dental Pad after confirmation of the First Amended
Plan.  The Debtor anticipates that its income and expenses will be
stable and consistent during the Term of the Plan and that it will
generate sufficient revenue to make the payments required by the
First Amended Plan.  The First Amended Plan provides for payment in
full of all Allowed Claims during the term of the Plan and for
Debtor's members and Debtor to retain their interest in Debtor and
Debtor's assets except as modified by the First Amended Plan.

A full-text copy of the First Amended Disclosure Statement dated
Feb. 4, 2021, is available at https://bit.ly/3jD8dZk from
PacerMonitor.com at no charge.

Attorney for the Debtor:

     Leonard K. Welsh
     Law Offices of Leonard K. Welsh
     4550 California Avenue, Second Floor
     Bakersfield, California 93309
     Telephone:(661)328-5328
     Email: lwelsh@lkwelshlaw.com

                         About 3MB LLC

3MB LLC owns a mixed-use shopping center, commonly referred to as
the Village at Towne Center, in Bakersfield, California.  The
Shopping Center comprises of four buildings, two of which include
second-story office space.  The Shopping Mall has a current value
of $12 million.

3MB first sought bankruptcy protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Calif. Case No. 18-14663) on Nov. 19,
2018.  The Debtor again sought Chapter 11 protection (Bankr. E.D.
Cal. Case No. 20-12642) on Aug. 11, 2020.  Robert Bell, Esq.,
signed the petition.

At the time of the filing, Debtor had total assets of $12,276,441
and liabilities of $10,249,027.

Judge Jennifer E. Niemann oversees the case.

The Law Office of Leonard K. Welsh is Debtor's legal counsel.


60 91ST STREET: Unsecureds to Recover 0% to 10% in Trustee Plan
---------------------------------------------------------------
The Chapter 11 Trustee for 60 91st Street Corp. filed a First
Amended Chapter 11 Plan and a Disclosure Statement for the Debtor's
estate on Feb. 2, 2021.

Pursuant to the Bidding Procedures Order, the Bankruptcy Court
authorized the Chapter 11 Trustee to sell substantially all of the
Debtor's assets, which consist primarily of the Property.  On Dec.
9, 2020, the auction for the sale of substantially all of the
Debtor's assets occurred and the Chapter 11 Trustee selected
Pinetree Group, Inc., as the successful bidder at the auction with
a bid of $3,100,000.  The Sale Hearing occurred on January 22,
2021, whereat the Bankruptcy Court approved the sale of the Assets
to the Purchaser.

After negotiations, the Chapter 11 Trustee and the Lender were able
to reach a resolution of their disputes in the Adversary Proceeding
and agreed to the following: (1) the Lender would receive an
Allowed Claim in the amount provided for in the Plan and the Lender
would only receive a distribution in respect to its Claim in the
amount provided for in the Settlement Claim Reserve, (2) the
Chapter 11 Trustee is to receive fees under sections 326(a) and 330
of the Bankruptcy Code as provided for in this Plan, (3) counsel to
the Chapter 11 Trustee is to receive a fee of at least $525,000,
which is anticipated to be a reduction from the fees that her
counsel would be entitled to receive under section 330 of the
Bankruptcy Code and pursuant to the 506(c) Carve-Out.

The Chapter 11 Trustee is seeking approval of the settlement with
the Lender pursuant to Bankruptcy Rule 9019. The outcome of the
Adversary Proceeding, if fully litigated, would be unpredictable
and the cost of litigation significant. Moreover, the settlement
agreed upon by the Chapter 11 Trustee and the Lender is in the best
interests of the Estate and the creditors in this case, because it
provides for an expedient means for confirmation of the Plan and
distributions to creditors.

Class 2 consists of the Lender's Settlement Claims in the amount of
$3,400,000 and will recover 61.76% of claims. Pursuant to the
settlement with the Chapter 11 Trustee, the Lender will receive
$2,100,000.

Class 3 consists of Other Secured Claims in the amount of $1,106
and shall receive payment in full, in cash, of the allowed amount
of such Claim.

Class 4 consists of Other Priority Claims in the amount of $7,114
and shall receive payment in full, in cash, of the allowed amount
of such Claim.

Class 5 consists of General Unsecured Claims in the amount of
$79,877 and will recover 0% to 10%.  Holders of Allowed General
Unsecured Claims shall receive a Pro Rata share, if any, of the
General Claims Reserve.

The Chapter 11 Trustee will fund distributions under the Plan
through one or more of the following: (a) the proceeds of the Sale
(b) any cash on hand from remaining estate assets, and (c) any
recoveries from the judgment to be entered against Kim Mortimer.

A full-text copy of Trustee's First Amended Plan dated Feb. 2,
2021, is available at https://bit.ly/3pbISak from PacerMonitor at
no charge.

Counsel for Heidi J. Sorvino, as the Chapter 1 Trustee:

     James C. Vandermark
     WHITE AND WILLIAMS LLP
     7 Times Square, Suite 2900
     New York, NY 10036
     Tel: (212) 244-9500
     E-mail: vandermarkj@whiteandwilliams.com

         - and -

     Amy E. Vulpio
     WHITE AND WILLIAMS LLP
     1650 Market Street, Suite 1800
     Philadelphia, PA 19103
     Tel: (215) 864-7000
     E-mail: vulpioa@whiteandwilliams.com

                   About 60 91st Street Corp.

60 91st Street Corp. owned the property at 60 West 91st St., New
York, New York, 10024.

To stop foreclosure, 60 91st Street Corp. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
20-10338) on Feb. 4, 2020, listing under $1 million in both assets
and liabilities. Debtor has tapped Tenille Lewis, Esq., as its
bankruptcy attorney.

Heidi Sorvino is Debtor's Chapter 11 trustee.  The Trustee is
represented by White and Williams LLP.


85 FLATBUSH RHO: Seeks to Hire Robinson Brog as Legal Counsel
-------------------------------------------------------------
85 Flatbush RHO Mezz LLC and its affiliates seek approval from the
U.S. Bankruptcy Court for the Southern District of New York to hire
Robinson Brog Leinwand Greene Genovese & Gluck P.C. as its legal
counsel.

The firm's services will include:

     (a) providing advice to the Debtors with respect to their
powers and duties under the Bankruptcy Code in the continued
operation of their business and the management of their property;

     (b) negotiating with creditors of the Debtors, preparing a
plan of reorganization and taking the necessary legal steps to
consummate a plan, including, if necessary, negotiations with
respect to financing a plan;

     (c) appearing before the various taxing authorities to work
out a plan to pay taxes owing in installments;

     (d) preparing legal documents;

     (e) appearing before the court;

     (f) other legal services necessary to administer the Debtor's
Chapter 11 case.

The rates charged by the firm range from $450 to $775 per hour for
shareholders, $410 to $500 per hour for associates and counsel, and
$250 to $285 per hour for paralegals.

The firm received a retainer in the amount of $10,000.

Robinson Brog is a "disinterested person" as that term is defined
in Section 101(14) of the Bankruptcy Code, according to a court
filing.

The firm can be reached through:

     Fred B. Ringel, Esq.
     Robinson Brog Leinwand Greene
     Genovese & Gluck P.C.
     875 Third Avenue
     New York, NY 10022
     Phone: +1 212-603-6300 / +1 212-603-6301
     Fax: (212) 956-2164
     Email: fbr@robinsonbrog.com

                    About 85 Flatbush RHO Mezz

85 Flatbush RHO Mezz LLC is the 100% owner of 85 Flatbush RHO Hotel
LLC and 85 Flatbush RHO Residential LLC.  RHO Hotel and RHO
Residential collectively own the property located at 85 Flatbush
Extension, Brooklyn, N.Y.  The property is a 132,641-square-foot,
12-story, mixed use property consisting of a 174-room boutique
hotel on the first six floors known as the Tillary Hotel Brooklyn,
a 58,652-square-foot 64-unit luxury multi-family building and a
5,642-square-foot parking garage.  The residential component of the
property has nine studios, 26 one-bedroom units and 29 two-bedroom
units.

85 Flatbush RHO Mezz sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 20-23280) on Dec. 18,
2020. In the petitions signed by David Goldwasser, chief
restructuring officer, the Debtor disclosed around $50 million to
$100 million in both assets and liabilities.

Judge Robert D. Drain oversees the case.

Fred B. Ringel, Esq., at Robinson Brog Leinwand Greene Genovese &
Gluck P.C. represents the Debtor as counsel.


AAG CREPE: Seeks Until Oct. 18 to File Plan & Disclosures
---------------------------------------------------------
AAG Crepe House, Inc., d/b/a XO Creperie, is asking the Bankruptcy
Court for an extension of the time period to file a Plan of
Reorganization through and including Oct. 18, 2021.

The Debtor's 300-day period to file the Plan of reorganization and
Disclosure statement is currently set to expire on April 20, 2021.

The Debtor says an extension of the time period to file a plan is
essential and appropriate.  Ample cause exists to grant the Debtor
the extension of the time period to file a plan as, inter alia,

    (i) the Debtor needs more time to reach mutually agreeable
terms of settlement between the Debtor and creditors of the case,
in order to fully resolve the filed claims, and allowing the Debtor
to approve said terms by an Order of the Bankruptcy Court and
confirm a plan of reorganization containing said terms,

   (ii) there is no prejudice to creditors, as, in fact, allowing
the Debtor time to reach and finalize mutual terms of treatment of
the creditors' claims, respectively, will be in the best interest
of all creditors; and

  (iii) the Debtor has been paying postpetition obligations as they
become due.

The Debtor is in the process of discussing and reaching terms of
settlement to address the full claim of the creditors.  The Debtor
intends to continue his efforts to negotiate terms of a new lease
with the Landlord of the premises. In the event that the Debtor and
the Landlord do not reach a mutual agreement with the respect to
the terms of a new lease, the Debtor intends to relocate the
restaurant to another premises, in order to preserve and continue
the business, that has been a neighborhood landmark for over 20
years.  It will allow the Debtor to file a plan of reorganization
and disclosure statement, offering treatment to creditors of the
estate.

Counsel for Debtor:

     Alla Kachan, Esq.
     Law Offices of Alla Kachan, P.C.
     3099 Coney Island Avenue, Third Floor
     Brooklyn, NY 11235
     Tel.: (718) 513-3145

                      About AAG Crepe House

AAG Crepe House, Inc., filed a voluntary Chapter 11 bankruptcy
petition (Bankr. E.D.N.Y. Case No. 20-42423) on June 24, 2020,
listing under $1 million in both assets and liabilities.  The
petition was signed by AAG President Igor Korsunsky. Judge Carla E.
Craig oversees the case.  

The Debtor tapped the Law Offices of Alla Kachan, P.C., as its
legal counsel and Wisdom Professional Services Inc. as its
accountant.


ADTALEM GLOBAL: Moody's Rates New $650M Secured Notes Due 2028 'B1'
-------------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Adtalem Global
Education Inc.'s new $650 million senior secured notes due 2028.
The company's Ba3 Corporate Family Rating, B1-PD probability of
default rating, and existing Ba3 senior secured ratings remain on
review for downgrade. The B1 rating of Adtalem's new senior secured
credit facility remains unchanged.

Net proceeds from new notes and the term loan launched last week,
along with cash balances, will be used to fund the acquisition of
Walden University (Walden) from Laureate Education (Laureate)
previously announced on September 11, 2020 and pay down the
existing term loan facility. The rating of the new senior secured
notes reflects Moody's expectation that a downgrade of Adtalem's
CFR is likely and limited to one notch. The assigned rating is
subject to review of final documentation and no material change in
the size, terms and conditions of the transaction as advised to
Moody's. Moody's expects to conclude the review at or near the
timing of the acquisition close, which the company expects to occur
in the July-September 2021 quarter (Adtalem's first quarter of
fiscal 2022), subject to approvals from the Department of Education
(DOE), regulatory authorities and other closing conditions. The new
capital will only be funded upon closing of the Walden acquisition.
If the transaction does not close, Moody's would withdraw the
ratings on the new senior secured notes and new credit facility.

Assignments:

Issuer: Adtalem Global Education Inc.

Senior Secured Regular Bond/Debenture, Assigned B1 (LGD3)

RATINGS RATIONALE

Based upon the current proposed transaction structure, the B1
rating of the new senior secured notes reflects Moody's expectation
that a downgrade of Adtalem's CFR is likely and limited to one
notch when the Walden transaction closes. The new senior secured
notes and the new first lien credit facilities will have a first
lien priority on substantially all assets of the combined company.

The review initiated on September 14, 2020 was triggered by
Adtalem's agreement to purchase Baltimore, MD-based Walden
University, a leading online healthcare education provider offering
bachelor's, master's and doctoral degrees to more than 56,000
students across all 50 states and over 120 countries. Walden is a
leading nursing school in the US and specializes in graduate degree
programs. Though healthcare and behavioral sciences account for the
bulk of its approximate $600 million in annual revenue, Walden also
offers programs in management, technology and education.

Adtalem's ratings that remain under review consider the increased
uncertainty if, and when, the acquisition closes with the pending
U.S. Department of Justice's (DOJ) investigation. On September 16,
2020, Laureate advised Adtalem that Walden received a letter from
the DOJ indicating that the DOJ and several other government
agencies are conducting an investigation into allegations that
Walden's online nursing program was misleading students about the
program's cost, its content, and the availability of clinical
placements that students would need to graduate. If the Walden
acquisition is not consummated, Moody's would withdraw the ratings
of the new financing and likely confirm Adtalem's existing
ratings.

Moody's review focuses on the: (i) pro forma financial leverage and
future cash flow generating capacity of the combined company, as
well as the financial and capital allocation policies and
medium-term financial targets; (ii) complementary nature of the
Walden asset with Adtalem's medical and healthcare education
business and how Walden will position Adtalem to capture the
expected growth in nursing education and online learning markets;
(iii) business profile of the combined company in terms of
operational diversity, degree mix, program mix and geographic
reach; (iv) integration and execution risks associated with the
acquisition; (v) regulatory risks, including the increased
dependence on Title IV funding and expected deterioration of
Adtalem's financial responsibility score as a result of the
acquisition; (vi) timing for realization of potential cost
synergies arising from the Walden integration as well as revenue
synergies between the two companies and plans to improve operating
margins in the financial services segment; and (vii) combined
entity's liquidity with respect to free cash flow generation given
the higher interest expense burden from the increased debt load and
potential uses of free cash flow for the resumption of share
repurchases.

Moody's regards the coronavirus outbreak as a social risk under its
ESG framework, given the substantial implications for public health
and safety. Given Adtalem's exposure to the US and overseas
economies as well as consumer spending, the company remains
vulnerable to restrictions imposed on its operations and shifts in
market demand and consumer sentiment in these unprecedented
operating conditions. Somewhat offsetting these social risks are
the social benefits associated with Walden's education services
primarily being offered online, enabling new and current students
to continue their education despite the coronavirus outbreak. Also,
the coronavirus outbreak has cast a spotlight on nursing, driving
increased interest in an industry that has an ongoing supply-demand
imbalance for nursing professionals.

Adtalem is subject to governance risk given its more shareholder
friendly financial strategy and increased leverage levels
associated with the proposed Walden acquisition.

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

Given the review for downgrade, an upgrade is highly unlikely over
the near term. Prior to the review for downgrade, the factors that
could lead to a downgrade included: (i) higher financial leverage
sustained above 2.75x (Moody's adjusted); (ii) substantial
challenges of any potential acquired asset integration; (iii)
sustained enrollment declines or operating profit deterioration in
the medical and healthcare segment (Adtalem's largest segment); or
(iv) unanticipated regulatory challenges that could result in
sizeable litigation expenses, ineligibility for Title IV funding or
removal of accreditation. Ratings could also be downgraded if there
is meaningful deterioration in liquidity.

Headquartered in Chicago, Illinois, Adtalem Global Education Inc.
is a global provider of educational services with a focus on
Medical and Healthcare and Financial Services. The company operates
seven educational institutions across the US and Caribbean. Revenue
totaled over $1 billion for the last twelve months ended December
31, 2020.

The principal methodology used in this rating was Business and
Consumer Service Industry published in October 2016.


AKUMIN INC: Add-on $75MM Secured Notes No Impact on Moody's B3 CFR
------------------------------------------------------------------
Moody's Investors Service said Akumin Inc.'s B3 corporate family
rating, B3-PD probability of default rating, B3 senior secured
ratings and SGL-2 speculative grade liquidity rating remain
unchanged following the announcement that it will issue $75 million
in add-on notes, raising the total outstanding to $475 million.
Proceeds are expected to be used to finance tuck-in acquisitions to
be closed in early 2021 with no material impact on leverage. The
outlook is unchanged at stable.

Akumin's B3 CFR reflects: (1) modest scale and geographic
concentration in Texas and Florida; (2) high leverage (6.4x
estimated for YE 2020); and (3) execution risk associated with an
aggressive growth strategy. The company benefits from: (1) a strong
market position and good density in its target markets; (2) a
favorable payor mix and good payor diversity; (3) a track record of
integrating acquired businesses; and (4) good liquidity.

Akumin has good liquidity (SGL-2). Moody's estimates that sources
total close to $85 million, consisting of cash on hand of around
$30 million and the company's fully committed and undrawn $55
million revolver due 2025. During 2021, Moody's forecasts modest
free cash flow consumption of about $5 million before acquisitions,
and there are no mandatory debt amortizations. No additional
liquidity is attributed to the add-on proceeds since they will be
used to fund acquisitions. The revolver is subject to a springing
first lien net leverage covenant when at least 30% drawn. Moody's
does not expect the facility to be drawn over the next twelve
months. Alternate liquidity sources are limited as the company's
assets are encumbered.

The stable outlook reflects Moody's expectation that the company
will continue to pursue its expansion strategy while deleveraging
towards under 6.0 times, as adjusted.

The ratings could be upgraded if Akumin's scale increases and
continues to demonstrate a strong track record of business
integration while generating positive free cash flow and
maintaining debt/EBITDA below 5.0x.

Deterioration of operating performance or weakening liquidity could
lead to a downgrade.

Akumin Inc., with its head office in Plantation, FL, is a provider
of diagnostic imaging services in the US states of Delaware,
Florida, Georgia, Illinois, Kansas, Pennsylvania and Texas. The
company's services include magnetic resonance imaging, computed
tomography, positron emission tomography, nuclear medicine,
mammography, ultrasound, digital radiography (X-ray), fluoroscopy
and other related procedures. Revenues are approximately US$270
million.


AMERICAN TRAILER: Moody's Rates New $815MM First Lien Loans 'B3'
----------------------------------------------------------------
Moody's Investors Service affirmed the B3 corporate family rating
and B3-PD probability of default rating of American Trailer World
Corp. ("ATW"). Concurrently, Moody's assigned a B3 to ATW's new
$750 million senior secured first lien term loan and a B3 to the
new $65 million senior secured first lien revolving credit
facility. The rating outlook remained stable. Ratings on the
existing senior secured notes will be withdrawn upon closing of the
transaction.

The ratings affirmation and stable outlook reflect ATW's improved
operating performance through 2020, which led to lower financial
leverage and robust free cash flow generation. The new $750 million
term loan due 2028 will be used to repay the $670 million senior
secured notes and provide about $50 million of additional cash to
the balance sheet, after transaction costs. The transaction will
also result in $80 million in additional funded debt, but will
lower cash interest expense by about $20 million a year. The new
senior secured debt instruments rank behind the company's
asset-based lending (ABL) facility, which will be downsized to $155
million from $225 million upon the closing of the transaction.

Moody's expects leverage and other credit metrics to remain
supportive of ATW's rating level, especially as the economic
environment continues to improve during 2021, building on the
rebound in consumer demand for ATW's trailers following a
challenging second quarter in 2020. This should result in adjusted
EBITA margins above 10%, aided by ongoing efficiency initiatives,
and debt-to-EBITDA around the mid-4x range through 2021, absent any
meaningful debt-funded acquisitions. Moody's also expects the
company to maintain at least adequate liquidity.

RATINGS RATIONALE

The stronger than expected recovery in consumer and
professional-grade trailer demand and cost reductions helped
sustain ATW's operating performance, despite the negative effects
from the COVID-related shutdowns and recent partially debt-financed
acquisitions. Moody's expects the company will continue to generate
positive annual free cash flow through 2021, benefiting from active
industrial and construction end markets and a shift in consumer
spending to durable goods from services amidst the pandemic. These
factors have contributed to a stronger-than-usual backlog that
provides some revenue visibility through at least the first half of
2021. Additionally, the company's cost actions during 2020,
together with manufacturing optimization and product innovation,
should sustain improved earnings.

At the same time, ATW faces the risk of supply chain and
manufacturing delays and is exposed to volatile consumer and
industrial end markets as well as rising raw material costs. In
addition, Moody's views recreational consumer demand as deferrable
while high unemployment levels continue. The company also operates
in a fragmented industry and faces competitive pricing pressures,
which constrain organic margin expansion and contributed to a
downward trend in ATW's margins in 2018 and 2019.

From a governance perspective, event risk remains elevated
considering ATW's acquisitive track record and the likelihood that
acquisitions will ramp up in the near term. The company's
private-equity ownership also increases the risk of aggressive
financial policies, including debt-funded shareholder
distributions. The company also has had significant turnover of the
executive management team over the past few years, which can be
disruptive to the business and presents execution risks.

Moody's views liquidity as adequate over the next year. Moody's
expects ATW will generate more moderate amounts of free cash flow
in 2021, following robust free cash flow in 2020, as it continues
to invest in working capital and capital expenditures to meet
heightened demand. As part of the refinancing, ATW obtained a new
$65 million cash flow revolving credit facility and downsized its
asset-based lending (ABL) revolver to $155 million from $225
million. The ABL had about $170 million available as of December
31, 2020, based on its borrowing base and net of letters of credit.
The increase in funded debt provides additional cash to the balance
sheet, thus boosting liquidity. At the same time, Moody's expect
the additional cash to be deployed towards bolt-on acquisitions in
the near term. Also, access to the revolver is essential given
seasonal working capital needs that contribute to periods of cash
burn, along with working capital investments as order activity
remains elevated. Pro forma for the refinancing, the company's cash
balance stands at nearly $70 million, and Moody's expects it to
gradually come down to the more normal $20 million level in the
short run.

The following rating actions were taken:

Assignments:

Issuer: American Trailer World Corp.

Senior Secured First Lien Term Loan, Assigned B3 (LGD4)

Senior Secured First Lien Revolving Credit Facility, Assigned B3
(LGD4)

To be Withdrawn at close:

Senior Secured First Lien Notes, Caa1 (LGD4)

Affirmations:

Issuer: American Trailer World Corp.

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

Outlook Actions:

Issuer: American Trailer World Corp.

Outlook, Remains Stable

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

The ratings could be upgraded with meaningful and consistent
organic growth in revenue and earnings such that Moody's expects
EBITA margins to be sustained in the mid-to-high teens range,
debt-to-EBITDA to remain below 4x and EBITA-to-interest above 2x.
This would be accompanied by expectations for sustainable
improvement in end market conditions along with the broader
macroeconomic environment. A stronger liquidity profile would also
be expected for higher ratings, including free cash flow to debt
consistently above 5%.

The ratings could be downgraded with expectations of margins
pressure or deteriorating liquidity, including sustained negative
free cash flow. A downgrade could also result from weakening credit
metrics, including debt/EBITDA expected to be sustained above 6x or
EBITA-to-interest below 1.5x. Debt-financed dividends or
acquisitions that meaningfully increase leverage or weaken
liquidity could also lead to a downgrade.

The principal methodology used in these ratings was Manufacturing
Methodology published in March 2020.

American Trailer World Corp. (ATW), based in Richardson, Texas, is
a manufacturer of professional grade and consumer grade utility
trailers and spare parts in North America. In August 2016, the
company acquired America Trailer Works, Inc. (ATWI), a manufacturer
of primarily consumer grade utility and cargo trailers. Revenues
were approximately $1.3 billion for the year ended December 31,
2020. The company is majority-owned by funds affiliated with Bain
Capital.


AMERIDIAN INDUSTRIES: Gets Cash Collateral Access Thru March 19
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Washington
has authorized Ameridian Industries LLC to use cash collateral on
an interim basis in accordance with the budget.

The Debtor requires the use of Cash Collateral to continue its
ongoing operations in the ordinary course of business, and in order
to avoid disruption of such operations.

The Court finds and concludes that the Debtor and the estate will
suffer immediate and irreparable harm if the relief approved is not
granted.

The Debtor proposes to create and fund a professional fund on a
postpetition basis in order to pay the professional fees and costs
of the Debtor and the Official Unsecured Creditors Committee, if
any, as the Court may authorize and allow by subsequent order
following notice and hearing. The Debtor proposes to deposit all
funds budgeted for the Professional Fund with its counsel, Bush
Kornfeld LLP, where the funds would be held in trust pending
further court order following notice and hearing. The Debtor
believes the proposed Professional Fund is appropriate given the
size and nature of this case and the likely creation and
participation of a Committee in the case.

The Court says the Budget may be amended from time to time with the
written consent of the Bank of the West and BOKF, NA d/b/a Bank of
Texas or approval of the Court, after notice and hearing, and the
Debtor is authorized to use Cash Collateral in accordance with an
amended Budget.

As partial adequate protection for the diminution of any interest
the Secured Parties are determined to hold in the Prepetition
Collateral as a result of the Debtor's use of Cash Collateral, the
Secured Creditors are granted a replacement lien in the Debtor's
postpetition assets of the same kind, type, and nature as the
Prepetition Collateral in which such Secured Party held a lien. Any
Postpetition Lien in Postpetition Collateral granted by the
paragraph will be in the same order, priority, validity and
enforceability as any prepetition lien in Prepetition Collateral
securing the claim of such Secured Party in the same type of assets
and, under 11 U.S.C. section 510, will be subject to the terms of
any and all intercreditor subordination agreements executed by and
among the Secured Parties in favor of any other Secured Party. To
the extent of any diminution in value of a Secured Party's interest
in the Prepetition Collateral due to Cash Collateral use which is
not otherwise protected by the Postpetition Lien granted, each
Secured Party will retain its rights under section 507(b) of the
Bankruptcy Code.

The Debtor will also provide additional adequate protection in the
form of insurance, financial reports, and adequate protection
payments.

The final hearing on the Motion is scheduled for March 19 at 9:30
a.m.

A copy of the Order and the Debtor's budget is available at
https://bit.ly/3rDgzD0 from PacerMonitor.com.

                 About Ameridian Industries LLC

Ameridian Industries LLC, which conducts business under the name
Pacific Torque, offers sales, services and support to the
transmission, engine and powertrain component manufacturers.

Ameridian Industries filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wash. Case No.
20-12550) on Oct. 8, 2020. Allan Van Ruiter, president and chief
executive officer, signed the petition.  At the time of the filing,
the Debtor estimated $10 million to $50 million in both assets and
liabilities.

Judge Christopher M. Alston oversees the case.  Bush Kornfeld, LLP
serves as the Debtor's legal counsel.



AMWINS GROUP: Moody's Gives Ba3 Rating on New $1.9-Bil. Term Loan
-----------------------------------------------------------------
Moody's Investors Service has assigned Ba3 ratings to a new $300
million five-year senior secured revolving credit facility and a
new $1.995 billion seven-year senior secured term loan being issued
by AmWINS Group, Inc. (AmWINS). The company will use the proceeds
to refinance its existing credit facilities and pay related fees
and expenses. The rating outlook for AmWINS remains unchanged at
stable.

RATINGS RATIONALE

AmWINS' ratings reflect its market position as the largest US
property & casualty wholesale broker; its diversification across
clients, retail producers, insurance carriers and product lines;
and its healthy EBITDA margins. The company has achieved solid
organic growth and consistent profitability supported by effective
technology investments, high employee retention and an
opportunistic acquisition strategy. These strengths are offset by
the company's significant debt burden, integration risk associated
with acquisitions, and potential liabilities arising from errors
and omissions, a risk inherent in professional services.

Giving effect to the proposed refinancing, AmWINS will have pro
forma debt-to-EBITDA around 6x, (EBITDA – capex) interest
coverage in the range of 3x-5x, and free-cash-flow-to-debt in the
mid-single digits, according to Moody's estimates. The rating
agency expects AmWINs to reduce leverage through healthy earnings
and free cash flow over the next several quarters. These pro forma
metrics reflect Moody's adjustments for operating leases,
contingent earnout obligations, certain non-recurring items and
run-rate EBITDA from acquisitions.

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

Factors that could lead to an upgrade of AmWINS' ratings include:
(i) continued profitable growth, (ii) debt-to-EBITDA ratio below
4.5x, (iii) (EBITDA - capex) coverage of interest exceeding 3.5x,
and (iv) free-cash flow-to-debt ratio above 8%.

Factors that could lead to a rating downgrade include: (i)
debt-to-EBITDA ratio above 6x, (ii) (EBITDA - capex) coverage of
interest below 2.5x, or (iii) free-cash-flow-to-debt ratio below
5%.

Moody's has assigned the following ratings (and loss given default
(LGD) assessments):

-- $300 million five-year senior secured revolving credit facility
at Ba3 (LGD3);

-- $1.995 billion seven-year senior secured term loan at Ba3
(LGD3).

The following AmWINS' ratings and LGD assessments remain
unchanged:

-- Corporate family rating at B1;

-- Probability of default rating at B1-PD;

-- $650 million existing senior unsecured notes maturing July 2026
at B3 (LGD6);

-- $125 million senior secured revolving credit facility maturing
January 2023 at Ba3 (LGD3) (rating to be withdrawn once the
refinancing closes).

-- $2 billion senior secured term loan maturing January 2024 at
Ba3 (LGD3) (rating to be withdrawn once the refinancing closes).

The rating outlook for AmWINS is unchanged at stable.

The principal methodology used in these ratings was Insurance
Brokers and Service Companies published in June 2018.

Headquartered in Charlotte, North Carolina, AmWINS is a leading
wholesale distributor of specialty insurance products and services.
The company generated revenues of $1.5 billion for the 12 months
through September 2020.


ANGLIN CULTURED STONE: Seeks Use of Cash Collateral
---------------------------------------------------
Anglin Cultured Stone Products, LLC asks the U.S. Bankruptcy Court
for the District of Delaware for authority to, among other things,
use cash collateral on an interim basis and provide adequate
protection to Newtek Small Business Finance LLC.

The Debtor requires the use of cash on hand and cash flow from the
business operations for ongoing operations. Without the use of Cash
Collateral on an interim basis, the Debtors would be unable to
preserve value of their estates and Newtek's collateral.

Prepetition, the Debtor entered into an Agreement with Newtek which
provided for payment of approximately $42,000 per month in
principal and interest to be applied to amortize the Debtor's
obligations to Newtek. The obligations to Newtek at the time of the
petition are in the nature of mortgages against the Debtor's real
estate and personal property.

As a result of the contract with Newtek, Newtek has a claim secured
by all of the Debtor's assets and all resulting proceeds thereof.

The Debtor recognizes that Newtek is entitled, pursuant to
Sections361 and 363(e) of the Bankruptcy Code, to adequate
protection of it's interest in the Collateral under the Contract to
the extent there is a diminution in the value of the collateral
from and after the Petition Date. The terms of the proposed Interim
Order are designed to prevent diminution in value of the collateral
by allowing the Debtor's to use the Cash Collateral to preserve the
estate and by providing Newtek with replacement liens and a
contingent administrative expense claim, thereby providing adequate
protection to the Secured Lender.

A copy of the motion is available at https://bit.ly/2Z6vCZW from
PacerMonitor.com.

           About Anglin Cultured Stone Products, LLC

Anglin Cultured Stone Products, LLC  sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No.
21-10389) on February 8, 2021. In the petition signed by Stuart L.
Anglin, sole member and manager, the Debtor disclosed up to
$500,000 in assets and up to $10 million in liabilities.

Charles J. Brown, III, Esq. at GELLERT SCALI BUSENKELL & BROWN, LLC
represents the the Debtor as counsel.



APOLLO ENDOSURGERY: Appoints Charles McKhanna as CEO
----------------------------------------------------
Apollo Endosurgery, Inc. announced a planned CEO change.  Effective
March 1, 2021, Charles (Chas) McKhann will become CEO and a member
of the Board of Directors.  Current CEO Todd Newton will help
facilitate an effective transition to Mr. McKhann and has agreed to
serve as a consultant to the Company for up to six months following
his transition.

John Barr, Chairman of Apollo's Board of Directors, commented, "We
are pleased to announce Chas' appointment, and we want to thank
Todd for his excellent stewardship.  While Todd's achievements are
many, his leadership during the COVID-19 pandemic has been
particularly notable.  In the past year, Todd's timely decision
making has resulted in a leaner company, with a materially stronger
balance sheet.  He has built a robust foundation for the next stage
of Apollo's growth.  On a path to profitability, driven by
continued strong sales of OverStitch and Orbera, and with the
recent approval and upcoming full commercial launch of X-Tack, we
felt the time was appropriate to transition to a new leader."

Mr. Newton made a number of lasting contributions to the evolution
and growth of the Company.  Under his 6 1/2 year leadership, the
Company established a global sales and distribution footprint
supported by internal manufacturing and a robust quality system.
His work on rationalizing and repositioning the Company's product
portfolio has been particularly important, with the FDA PMA
approval of Orbera followed by the OverStitch Sx and X-Tack
approvals being key milestones.  These approvals have expanded the
Company's world-leading endolumenal suturing franchise in both the
upper and lower GI markets.

Mr. McKhann is a proven medtech executive with experience at both
large device companies such as Boston Scientific and Johnson &
Johnson, and earlier stage companies such as Torax Medical
(acquired by Johnson & Johnson) and Intersect ENT.  While at
Johnson & Johnson, he played a significant role in the launch of
the first drug eluting stent, Cypher, helping to significantly
increase market share.  He has extensive hands-on experience in
clinical, regulatory and reimbursement activities supporting a
variety of novel and innovative medical devices.  Mr. McKhann
started his career at McKinsey & Co., and earned a Bachelor's
degree and Masters of Business Administration from Stanford
University.

Mr. Barr commented, "We are excited to have a proven executive like
Chas join Apollo and to lead our management team.  The launch of
X-Tack represents a potential inflection point in the growth of the
company.  Chas brings a great depth of experience in successfully
commercializing new technologies including securing reimbursement
and building strong, supporting medical economics cases."

"This is an exciting time for Apollo," Mr. McKhann stated.  "As an
innovative company with truly game-changing technology, we have the
potential to revolutionize gastrointestinal procedures and the
management of obesity, improving the lives of millions of patients
with GI and bariatric conditions.  We have extraordinary
opportunities to continue to accelerate the expansion of our
product franchises globally.  I am honored to lead Apollo and the
management team as we execute our strategy of delivering
life-changing technology to our patients and generating profitable
growth for our Company."

                      About Apollo Endosurgery

Apollo Endosurgery, Inc. -- http://www.apolloendo.com-- is a
medical technology company focused on less invasive therapies to
treat various gastrointestinal conditions, ranging from
gastrointestinal complications to the treatment of obesity.
Apollo's device-based therapies are an alternative to invasive
surgical procedures, thus lowering complication rates and reducing
total healthcare costs.  Apollo's products are offered in over 75
countries and include the OverStitch Endoscopic Suturing System,
the OverStitch Sx Endoscopic Suturing System, and the ORBERA
Intragastric Balloon.

Apollo Endosurgery incurred a net loss of $27.43 million in 2019
compared to a net loss of $45.78 million in 2018. As of June 30,
2020, the Company had $60.09 million in total assets, $70.67
million in total liabilities, and a total stockholders' deficit of
$10.58 million.

KPMG LLP, in Austin, Texas, the Company's auditor since 2014,
issued a "going concern" qualification in its report dated March
26, 2020 citing that the Company has suffered recurring losses from
operations, cash flow deficits and debt covenant violations and has
an accumulated deficit that raise substantial doubt about its
ability to continue as a going concern.


ARCHDIOCESE OF NEW ORLEANS: Commercial Creditors to Get Own Panel
-----------------------------------------------------------------
Judge Meredith Grabill of the U.S. Bankruptcy Court for the Eastern
District of Louisiana ordered the appointment of a separate
committee that will represent commercial unsecured creditors in the
Chapter 11 case of the Roman Catholic Church of the Archdiocese of
New Orleans.

In her memorandum opinion and order, Judge Grabill said TMI Trust
Company, an unsecured creditor of the archdiocese, was able to
prove that the official committee of unsecured creditors appointed
in the archdiocese's case "does not adequately represent the body
of unsecured creditors particularly commercial creditors."

"Given the nature of this particular case, the court is not
convinced that the appointment of additional members to the
existing committee would provide commercial creditors with a
meaningful voice," Judge Grabill said.

"Moreover, separate committees are commonly appointed to represent
important constituencies and to provide dynamic tension in
negotiations with the debtor and other parties in interest in the
reorganization process.  Therefore, the court finds that it should
exercise its discretion under Section 1102(a)(2) and orders the
appointment of an additional committee of commercial creditors,"
the bankruptcy judge said.

TMI sought the appointment of a separate committee for commercial
creditors after the U.S. trustee, the Justice Department's
bankruptcy watchdog, removed the company from the current unsecured
creditors' committee, leaving the committee comprised exclusively
of six tort claimants.

TMI holds an unsecured claim of approximately $38 million against
the archdiocese.

               About the Archdiocese of New Orleans

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


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

The Roman Catholic Church for the Archdiocese of New Orleans sought
Chapter 11 protection (Bankr. E.D. La. Case No. 20-10846) on May 1,
2020. The archdiocese was estimated to have $100 million to $500
million in assets and liabilities as of the bankruptcy filing.

Judge Meredith S. Grabill oversees the case.

The archdiocese tapped Jones Walker LLP as its bankruptcy counsel
and Blank Rome LLP as its special counsel.  Donlin, Recano &
Company, Inc. is the claims agent.

The U.S. Trustee for Region 5 appointed an official committee of
unsecured creditors on May 20, 2020.  The committee is represented
by Pachulski Stang Ziehl & Jones, LLP and Locke Lord, LLP.
Berkeley Research Group, LLC is the committee's financial advisor.


AUTHENTIC HOSPITALITY: Court Approves Disclosure Statement
----------------------------------------------------------
Judge Scott M. Grossman has entered an order approving the
Disclosure Statement of Authentic Hospitality Group, Inc., and
setting a confirmation hearing on the Debtor's Plan and hearing on
fee applications for Tuesday, March 16, 2021, 9:30 a.m.

The deadline for objections to confirmation is Tuesday, March 2,
2021.  The deadline for filing ballots accepting or rejecting the
Plan is also March 2, 2021.

Authentic Hospitality Group filed an Amended Chapter 11 Plan of
Reorganization and a Disclosure Statement.

The Debtor filed this case to continue operations and preserve the
going concern value of its operations for the benefit of its
creditors and the estate.  The Debtor will restructure its existing
debts with various creditors to allow it to function without the
constant threat of collection activity.

Under the Plan, Class 1 consists of the secured claim of Quik
Capital LLC (POC-10) for $90,712.  The original Plan proposed a
120-month payout, but by agreement with creditor the Plan has been
shortened to 106 monthly payments of $855.93. Quik Capital had
"purchased" future receivables from the Debtor.  This class is
impaired.

Class 4 consists of 18 unsecured claims totaling $789,083.  This
class will receive 3% of their claims ($23,672) over 120 months,
paid quarterly.  This class is impaired.

Funds to be used to make cash payments pursuant to the Plan shall
derive from Debtor's net profits.  The Debtor asserts that it is
able to perform all of Debtor's obligations under the Plan, and as
such, the Debtor's Plan satisfies § 1129(a)(11) of the Code.

A full-text copy of the Order dated Feb. 8, 2021, is available at
https://bit.ly/2Oqofuf from PacerMonitor.com at no charge.

A full-text copy of the Amended Disclosure Statement dated Feb. 8,
2021, is available at https://bit.ly/2OgFXA8 from PacerMonitor.com
at no charge.

Attorney for the Debtor:

     Chad Van Horn, Esq.
     Van Horn Law Group, P.A.
     330 N. Andrews Ave., Suite 450
     Fort Lauderdale, Florida 33301
     Telephone: (954) 765-3166
     Facsimile: (954) 756-7103
     Email: Chad@cvhlawgroup.com

              About Authentic Hospitality Group

Authentic Hospitality Group Inc. --
https://ilovetacosrestaurant.com/ -- is a privately held company in
the restaurant industry.  It serves authentic Mexican cuisine in
all of South Florida.  

It previously sought bankruptcy protection on Dec. 2, 2019 (Bankr.
S.D. Fla. Case No. 19-26119).

Authentic Hospitality Group again filed a voluntary petition under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
20-12883) on March 2, 2020.  The petition was signed by Monica
Angulo, president.  At the time of the filing, the Debtor disclosed
$2,875,207 in assets and $3,270,967 in liabilities.  Judge Scott M.
Grossman oversees the case.  Van Horn Law Group Inc. is the
Debtor's legal counsel.


BENTON ENTERPRISES: Sale of Properties to Fund Plan Payments
------------------------------------------------------------
Benton Enterprises, LLC, submitted a Liquidating Plan and a
Disclosure Statement on Feb. 2, 2021.

Class 2.1 consists of the secured claim of Fresno Madera Farm
Credit, FLCA, secured by a first position deed of trust (Instrument
No. 2014-00017144) on all of Debtor's real property and perfected
security interest in Debtor's personal property (the "Class 2.1
Collateral"). The Debtor will sell the Class 2.1 Collateral to pay
the claim in full, if the sale proceeds from a Liquidating Sale are
insufficient to pay the Class 2.1 claim in full, such sale shall be
free and clear of the Class 2.1 claim, with the proviso that the
full net proceeds from such Liquidating Sale shall be paid to the
Class 2.1 claimant.

Class 2.2 consists of the secured claim of Fresno Madera Production
Credit Association, secured by a second position deed of trust
(Instrument No. 2014-00017145) on all of Debtor's real property and
perfected security interest in Debtor's personal property (the
"Class 2.2 Collateral"). The Debtor will sell the Class 2.2
Collateral to pay the claim in full, if the sale proceeds from a
Liquidating Sale are insufficient to pay the Class 2.2 claim in
full, such sale shall be free and clear of the Class 2.2 claim,
with the proviso that the full net proceeds from such Liquidating
Sale shall be paid to the Class 2.2 claimant after all senior liens
have been paid in full.

Class 2.3 consists of the secured claim of ESHEG, Inc., as assignee
of Fresno First Bank, secured by a third position deed of trust
(Instrument No. 2017-019647) on all of Debtor's real property and
perfected security interest in Debtor's personal property (the
"Class 2.3 Collateral"). Debtor will sell the Class 2.3 Collateral,
the Liquidating Sale of Class 2.3 Collateral shall be free and
clear of the lien of the Class 2.3 claimant, with that lien (the
"Class 2.3 Proceeds Lien") attaching to the net proceeds, if any,
of the Liquidating Sale after all senior liens have been paid in
full.

On or about January 25, 2021, Debtor entered into a Stipulation for
Relief From the Automatic Stay and Forbearance (the "Stipulation")
with the creditors of Classes 2.1, 2.2, and 2.3. Among other
things, the Stipulation provides the Class 2.1 and 2.2 creditors
with immediate relief from the automatic stay to take preparatory
actions necessary to foreclose on Debtor's real property, but
provides that such foreclosure will not take place until after May
31, 2021. The Stipulation is included to the Plan, and is
incorporated by reference. Upon confirmation of the Plan, the
Stipulation will be effective. Nothing in the Plan and Disclosure
Statement are intended to contradict the terms of the Stipulation
and to the extent there is any conflict, the terms of the
Stipulation control.  

Class 3 includes all allowed general unsecured claims.  Before any
amounts are paid on Class 3 claims, secured creditors who
contributed to pay the Carve-Out Claims shall be reimbursed, on a
pro rata basis for amounts contributed to pay Carve-Out Claims.
After all higher priority claims have been paid in full, including
Carve-Out Claims, Class 3 shall be paid the remaining net proceeds
from the Liquidating Sale(s).

Class 4 equity interests will receive no distributions on account
of their equity interests until all Class 3 creditors have been
paid in full.

The Debtor's primary asset consists of approximately 130 acres of
agricultural land in Madera County, bearing Assessor Parcel Numbers
028-030-012 & 028-030-015 (the "Real Property").  The Debtor will
sell the Real Property and Personal Property (collectively referred
as the Debtor's "Property") and attempt to obtain the highest price
in a reasonable marketing timeframe. Confirmation of this Plan and
express written consent from the Class 2.1, Class 2.2, and Class
2.3 creditors as to a particular proposed sale will authorize the
sale of Debtor's Property free and clear of all liens with those
liens attaching to the net proceeds, if any.

A full-text copy of the Liquidating Plan dated Feb. 2, 2021, is
available at https://bit.ly/3tJV19A from PacerMonitor.com at no
charge.

The Debtor is represented by:

     Peter L. Fear, Esq.
     Gabriel J. Waddell, Esq.
     Fear Waddell, P.C.
     7650 North Palm Avenue, Suite 101
     Fresno, CA 93711
     Phone: (559) 436-6575
     Fax: (559) 436-6580
     E-mail: pfear@fearlaw.com

                   About Benton Enterprises

Benton Enterprises, LLC d/b/a Heart Ridge Farms --
https://www.heartridgefarms.com/ -- produces snack products made
from almonds.

Benton Enterprises sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Cal. Case No. 20-11612) on May 5,
2020.  The petition was signed by William B. Pitman, CEO/managing
member.  At the time of filing, the Debtor estimated $1 million to
$10 million in assets and $10 million to $50 million in
liabilities.


BEST VIDEO: Amazon Says Disclosures Silent on $472K Claim
---------------------------------------------------------
Amazon Capital Services, Inc. ("ACS"), a secured creditor, objects
to the disclosure statement of debtor Best Video Studio, LLC
because it does not adequately disclose how the Debtor will
accomplish the actions proposed as part of its plan of
reorganization.

The Debtor proposes to make no distributions to ACS even though ACS
filed a timely claim for $471,733, secured by substantially all of
the Debtor's property (including inventory) and the Debtor has not
objected to that claim.  

The Debtor asserts that it will object to ACS's claim, but the
disclosure statement does not explain how the Debtor will prevail
on that objection when the Debtor defaulted on the loan it obtained
from ACS, a loan it does not dispute receiving, after defrauding
Amazon.com Services, LLC, entitling Amazon and ACS to exercise
remedies under their agreements with the Debtor.  Nor does the
disclosure statement explain what the Debtor will do if it does not
prevail on its hypothetical objection to ACS's claim.

Further, ACS notes that the disclosure statement fails to explain
how the Debtor can afford to pay any creditors' claims listed in
the plan, let alone the significant debt owed to ACS, when the
Debtor's monthly operating reports show it has negative cash flow
each month and insufficient cash on hand. Without this information,
ACS, and others, cannot sufficiently determine whether the Debtor's
proposed chapter 11 plan is feasible.

A full-text copy of Amazon's objection dated February 2, 2021, is
available at https://bit.ly/2OdUlco from PacerMonitor.com at no
charge.

Attorneys for Amazon Capital:

     Hugh McCullough
     Davis Wright Tremaine LLP
     920 Fifth Avenue, Suite 3300
     Seattle, Washington 98104-1610
      206-622-3150

                   About Best Video Studio

Best Video Studio, LLC -- https://igotoffer.com/ -- owns an online
business providing the service for consumers to exchange their used
Apple products, such as iPhone, iPad, MacPro, etc. for cash,
through the company's virtual platform.

The Debtor filed a Chapter 11 petition (Bankr. E.D.N.Y. Case No.
19-45523) on September 13, 2019.  At the time of filing, the Debtor
had $200,510 total assets and $1,143,830 total liabilities.

The Hon. Nancy Hershey Lord oversees the case.

Alla Kachan, Esq., of LAW OFFICES OF ALLA KACHAN, P.C., is the
Debtor's counsel.


BLUE TREE: Moody's Assigns 'Ba3' CFR & Rates New Term Loan 'B1'
---------------------------------------------------------------
Moody's Investors Service has assigned a Ba3 Corporate Family
Rating to Blue Tree Holdings, Inc., a Ba3-PD Probability of Default
Rating, and a B1 rating to its proposed senior secured term loan.
The outlook is stable.

The proceeds of the new term loan will be used to refinance Ravago
Holdings America, Inc.'s existing term loan, pay off an
intercompany loan established to fund Blue Tree's acquisition of
Bamberger Polymers Corp. from its parent Ravago S.A., fund a
dividend to the parent and pay related transaction fees and
expenses. The existing ratings of Ravago Holdings America, Inc.
will be withdrawn once the transaction is completed and outstanding
debt is repaid.

Rating assignments:

Blue Tree Holdings, Inc.

Corporate Family Rating, Assigned Ba3

Probability of Default Rating, Assigned Ba3-PD

Senior Secured Term Loan, Assigned B1 (LGD5)

Outlook, Stable

RATINGS RATIONALE

The Ba3 Corporate Family Rating reflects Blue Tree's sizable market
position in plastics distribution in North America, consistent cash
flow generation and prudent financial management. Blue Tree's
pro-forma adjusted debt leverage will be in the low three times,
after the integration of Bamberger and the proposed debt issuance.
Moody's expect management will remain financially prudent and keep
its debt leverage below 4.0x over time. Thanks to its nimble
operations and low capital intensity, management is able to
liquidate working capital and reduce debt quickly, when needed, to
safeguard its credit profile. Nearly half of Blue Tree's
outstanding debt at the close of the transaction will be drawn from
the asset-based revolving credit facility with a borrowing base
tied to accounts receivables and inventory. Management discipline
is evidenced by the fact that Ravago Holdings America, Inc., the
previously rated entity and now accounting for about 85% of Blue
Tree's sales, maintained an average debt/EBITDA ratio of 3.5x in
the past five years.

The integration of Bamberger is beneficial to Blue Tree's business
profile due to a larger business scale, expanded customer base and
supplier relations. Business integration risk is low, as Bamberger
will continue to operate independently from Ravago. Moody's expect
Blue Tree will continue to make investments to capture growth
opportunities arising from the increasing polyolefin capacities in
North America.

However, the rating is tempered by the low profit margins of Blue
Tree's plastics distribution business, its reliance on a number of
large petrochemical suppliers, its pursuit for business growth
through bolt-on acquisitions as well as intended distributions to
its ultimate parent—Ravago S.A.. Blue Tree's mid-single digit
EBITDA margin leaves little leeway for material, labor and
transportation costs inflation or inventory obsolescence. Although
the company has a track record of maintaining stable margins,
periods of volatile end markets could be disruptive to volumes and
earnings, as happened in 2019 before a recovery in 2020. Moody's
expect the improving plastics demand will support Blue Tree's
earnings in 2021, while total debt will likely increase due to
higher working capital needs and expansionary construction needs.
The company's pursuit for bolt-on acquisitions and the intended
distribution to its parent will limit free cash flow for debt
repayment, although Moody's view shareholder distribution as
discretionary and the strategic ownership by Ravago S.A. as credit
neutral.

Moody's consider the spread of coronavirus and containment measures
will continue to have some negative effect on industrial activities
and overall demand for plastics. While the tightness in logistics
and delay in petrochemical projects continue to weigh on near-term
earnings, Blue Tree has maintained a good market position thanks to
its exposure to the more resilient packaging and medical sectors
and its ability to service customer during the pandemic.

Blue Tree's adequate liquidity is supported by the availability
under its new $870 million asset-based revolving credit facility,
operating cash flows and a cash balance of about $7 million at the
end of 2020. Moody's expect free cash flow will be limited by
additional working capital requirements and elevated capital
spending in 2021. The asset-based revolving credit facility due in
2026 has a springing fixed charge coverage ratio set at 1.0x if
availability falls below 10% of the commitment, which is not
projected. The $325 million term loan due 2028 does not have any
maintenance covenants and amortizes at 1% per year.

The B1 rating on the proposed $325 million senior secured term loan
is one notch below the Ba3 CFR. The notching reflects its secondary
collateral position to the $870 million asset-based revolving
credit facility (ABL, not rated by Moody's). The term loan is
secured by the first priority lien on the property plant and
equipment of domestic subsidiaries of the borrower and the
second-priority lien on the ABL collateral. There are no upstream
or downstream guarantees between the borrower and the ultimate
parent Ravago S.A.

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

Moody's would consider an upgrade if the company improves its
EBITDA margins to mid to high-single digits, adjusted Debt/EBITDA
below 3.0x and generates strong free cash flow.

Moody's would consider a downgrade if adjusted leverage increases
above 4.0x and free cash flow dwindles.

The principal methodology used in these ratings was Chemical
Industry published in March 2019.

Blue Tree Holdings, Inc., through its independent
subsidiaries—Ravago Holdings America, Inc. and Bamberger Polymers
Corp, is one of the largest independent distributors of plastic
resins in the Americas. It distributes and resells polyethylene,
polypropylene, engineered thermoplastics, polystyrene,
acrylonitrile butadiene styrene, polyethylene terephthalate (PET)
and rubber in North America and Latin America. The consolidated
pro-forma revenues of Blue Tree Holdings, Inc amounted to about
$4.4 billion in 2020. Blue Tree Holdings, Inc. is a subsidiary of
Ravago SA.


BOMBARDIER REC: Moody's Hikes CFR to Ba3, Alters Outlook to Stable
------------------------------------------------------------------
Moody's Investors Service upgraded Bombardier Rec Products, Inc.'s
("BRP") corporate family rating to Ba3 from B1, probability of
default rating to Ba3-PD from B1-PD, its first lien senior secured
revolver rating to Baa3 from Ba1, and its senior secured term loan
B rating to Ba3 from B1. The current B1 rating on BRP's senior
secured term loan B-2 will be withdrawn upon closing of the
proposed refinancing transaction. The company's SGL-1 speculative
grade liquidity rating remains unchanged. The outlook was changed
to stable from positive.

BRP plans on increasing Term Loan B by $300 million, and in
combination with $300 million of cash, fully repay the $600 million
Term Loan B-2.

"The upgrade reflects the improvement in BRP's leverage as a result
of the $300 million reduction in debt and its continued strong
operating results in FY2021. We expect leverage to improve further
over the next year as demand for BRP's powersport vehicles will
remain strong as consumers continue to favor outdoor recreational
activities," said Louis Ko, VP-Senior Analyst with Moody's.

Upgrades:

Issuer: Bombardier Rec Products, Inc.

Corporate Family Rating, Upgraded to Ba3 from B1

Probability of Default Rating, Upgraded to Ba3-PD from B1-PD

Senior Secured Term Loan B, Upgraded to Ba3 (LGD3) from B1 (LGD3)

Senior Secured First Lien Revolving Credit Facility, Upgraded to
Baa3 (LGD1) from Ba1 (LGD1)

Outlook Actions:

Issuer: Bombardier Rec Products, Inc.

Outlook, Changed To Stable From Positive

RATINGS RATIONALE

BRP benefits from: (1) strong credit metrics (projected adjusted
Debt/EBITDA of 3.2x, RCF/Net Debt of 42% and EBIT/Interest of 8.8x
for FY2022, ending January), which provide downside protection; (2)
good market positions in snowmobiles, personal watercraft,
all-terrain vehicles and side-by-side vehicles, defended with a
diversified product profile and well recognized global brands; and
(3) demonstrated ability to successfully launch new products.

However, the company is constrained by: (1) the company's focus on
high-priced, discretionary products whose demand can decline in
challenging economic conditions; (2) potential that product sales
have been brought forward during the pandemic and will soften in
2022; and (3) leveraging risk potential with private ownership
voting control as well as with acquisitions.

BRP has very good liquidity (SGL-1). Sources total approximately
C$2.0 billion compared to about C$20 million of cash usage from
term loan amortization over the next 12 months. BRP's liquidity is
supported by cash of approximately C$1.0 billion after the
refinancing transaction, full availability under its C$700 million
revolver due May 2024, and our expected free cash flow of around
C$300 million in the next four quarters. BRP's revolver is subject
to a minimum fixed charge ratio covenant at 1.1x if its revolver
availability falls below a certain threshold. Moody's do not expect
this covenant to be applicable in the next four quarters, but there
would be good cushion for the covenant should it become applicable.
BRP has limited flexibility to boost liquidity from asset sales.

The stable outlook reflects Moody's expectation that the resiliency
of BRP's operating results during the global pandemic will allow
the company to maintain strong credit metrics through the next
year.

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

The ratings could be upgraded if BRP maintains at least good
liquidity and sustains adjusted debt/EBITDA below 3.0x (projected
to be 3.2x for FY2022, ending January).

The ratings could be downgraded if BRP's operating results
deteriorates and leverage is sustained above 4x (projected to be
3.2x for FY2022), or if there is significant deterioration of its
liquidity position, possibly due to negative free cash flow
generation.

Social considerations for BRP's credit profile include its
susceptibility to shifts in market sentiment which could lower
demand for luxury consumer products. However, this is partially
offset by stronger demand in the powersports segment as consumers
look for new recreational activities during the pandemic driven
lockdown. With economic conditions improving, there remains a risk
that the demand for BRP's recreational vehicle products has been
brought forward which could lead to softer demand in calendar
2022.

Governance considerations include the fact that BRP is publicly
traded on the Toronto Stock Exchange and NASDAQ and has
consistently demonstrated its strong financial oversight, data
transparency and history of low leverage (around 3x). Governance
considerations also include 86% voting control of BRP by the
Beaudier Group (owned by the Bombardier and Beaudoin families),
Bain Capital and Caisse de Dépôt et Placement du Québec.

Bombardier Recreational Products, Inc., headquartered in Valcourt,
Quebec, Canada, is a global manufacturer and distributor of
powersports vehicles and marine products. Revenue for the last 12
months ended October 31, 2020 was C$5.8 billion.

The principal methodology used in these ratings was Consumer
Durables Industry published in April 2017.


BRISTOW GROUP: Moody's Hikes CFR to B1 & Rates New $400MM Notes B1
------------------------------------------------------------------
Moody's Investors Service upgraded Bristow Group Inc.'s Corporate
Family Rating to B1 from B2 and Probability of Default Rating to
B1-PD from B2-PD. Concurrently, Moody's assigned a B1 rating to
Bristow's proposed $400 million senior secured notes due 2028. The
B3 rating on the existing senior unsecured notes due 2022 remains
unchanged and will be withdrawn upon redemption. Bristow's
Speculative Grade Liquidity Rating remains SGL-2. The rating
outlook is stable.

Bristow plans to use proceeds from the new secured notes, in
addition to about $100 million of balance sheet cash, to repay
outstanding borrowings under certain term loans and redeem its
existing senior unsecured notes due 2022. Ratings are subject to
Moody's review of final documentation and the execution of the
transaction as proposed.

"Bristow's upgrade to B1 reflects Moody's expectation of sizeable
free cash flow generation, as well as improving credit metrics,
good liquidity, and benefits of extending its debt maturities,"
said Amol Joshi, Moody's Vice President and Senior Credit Officer.

Upgrades:

Issuer: Bristow Group Inc.

Corporate Family Rating, Upgraded to B1 from B2

Probability of Default Rating, Upgraded to B1-PD from B2-PD

Assignments:

Issuer: Bristow Group Inc.

Senior Secured Regular Bond/Debenture, Assigned B1 (LGD3)

Outlook Actions:

Issuer: Bristow Group Inc.

Outlook, Remains Stable

RATINGS RATIONALE

Bristow's upgrade to B1 reflects its improving credit metrics and
meaningful balance sheet cash even after using roughly $100 million
of cash to deleverage through the proposed transaction. Bristow
should generate sizeable free cash flow into 2022 supporting its
cash balance. The repayment of certain term loans will reduce the
complexity of Bristow's capital structure, decrease future debt
amortization requirements and extend debt maturities.

Bristow's B1 CFR is supported by its global scale, leading market
position in the offshore helicopter services industry, long-term
search and rescue (SAR) contract with the UK government, large and
modern fleet of roughly 250 aircraft with about 80% owned aircraft
and contractual relationships with a diverse group of oil and gas
customers. The company has significant presence in key regions
throughout the Americas, Nigeria, UK, Norway and other countries,
and meaningful end-market diversification through Bristow's UK SAR
business. However, the company continues to face revenue and cash
flow uncertainty due to the protracted downturn in offshore oil and
gas activities and weak demand from its oil and gas industry
customers, along with an oversupply of helicopters. Integrating
Bristow's combination with Era Group Inc. (Era) appears to be
progressing well and the company plans to achieve further
efficiencies. Bristow is run by legacy Era's CEO while the majority
of its eight-member board is comprised of legacy Bristow board
members.

Bristow's SGL-2 Speculative Grade Liquidity Rating reflects good
liquidity. At December 31, 2020, the company had a cash balance of
$294 million excluding $4 million of restricted cash, and an
undrawn $80 million asset-backed revolving credit facility (ABL)
with about $52 million of availability. The credit facility has a
springing minimum fixed charge coverage ratio covenant of 1x if ABL
availability falls below a certain threshold, which Moody's views
as unlikely to be triggered. The company has a large helicopter
fleet and should generate free cash flow due to modest capital
spending needs. The nearest significant maturity pro forma for the
new notes issuance will be the ABL facility maturing in April 2023.
Bristow has routinely sold unencumbered helicopters, which provides
an alternative source of liquidity.

The company's proposed senior secured notes are rated B1,
consistent with the CFR. The company's $80 million ABL facility is
subject to a borrowing base and has a first lien on the ABL
collateral including certain accounts receivables. The secured
notes will have a first lien on certain helicopters and related
assets, while an existing term loan has certain other helicopters
as collateral and most of the remaining helicopters are
unencumbered. While the ABL revolver has a first lien on the
relatively more liquid ABL collateral, given the proportionately
smaller borrowing base of the ABL facility as compared to the
secured debt, the secured notes are rated the same as the CFR.

The stable rating outlook reflects the company's ability to
generate sizeable free cash flow, while capital spending remains
low as the offshore environment remains stressed.

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

The rating could be upgraded if Bristow's Debt to EBITDA falls
below 2.5x, its capital structure is further simplified, cash flow
grows in an improving oilfield services environment, and the
company prudently funds any growth opportunities while maintaining
at least adequate liquidity.

The rating could be downgraded if liquidity considerably weakens,
Debt to EBITDA rises above 3.5x or Bristow's financial policy
changes, such as using significant amounts of debt to accelerate
fleet upgrades or shareholder payouts.

Bristow Group Inc., headquartered in Houston, Texas, is a leading
provider of helicopter transportation services to the oil and gas
industry worldwide. The company was formed in June 2020 through the
combination of Era and Bristow, with the newly combined company
using the Bristow name. At the close of the combination, legacy
Bristow shareholders owned 77% and legacy Era shareholders owned
23% of the equity of the combined company.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in May 2017.


BUENA PARK: Plan & Disclosures Due June 1, 2021
-----------------------------------------------
Judge Victoria S. Kaufman has entered an order setting a June 1,
2021 deadline for Buena Park Drive LLC to a proposed chapter 11
plan and related disclosure statement.

The Court will hold a continued chapter 11 status conference on
June 17, 2021, at 1:00 p.m.

The Debtor or any appointed chapter 11 trustee must file a status
report, to be served on the Debtor's 20 largest unsecured
creditors, all secured creditors, and the United States trustee, no
later than June 3, 2021.

                       About Buena Park Drive

Buena Park Drive LLC, based in Studio City, CA, filed a Chapter 11
petition (Bankr. C.D. Cal. Case No. 20-12046) on Nov. 14, 2020.  In
the petition signed by Justin Williams, managing member, the Debtor
was estimated to have $1 million to $10 million in both assets and
liabilities.  The Hon. Victoria S. Kaufman oversees the case.
Corcovelos Law Group, serves as the Debtor's bankruptcy counsel.


CALCEUS ACQUISITION: Moody's Lowers CFR to B3, Outlook Negative
---------------------------------------------------------------
Moody's Investors Service downgraded Calceus Acquisition, Inc.'s
(Cole Haan) corporate family rating to B3 from B2, probability of
default rating to B3-PD from B2-PD, and senior secured term loan
rating to B3 from B2. The outlook remains negative.

The downgrades reflect Moody's expectations that Cole Haan's
earnings recovery will be significantly slower than previously
forecast, leading to continued very high leverage and weaker but
still adequate liquidity. For the first half of FYE May 2021, Cole
Haan's revenues declined in the 40% range and earnings were
negative, reflecting very weak store traffic and wholesale orders
even as e-commerce continued to grow. Ongoing work-from-home trends
and the still uncertain timing of when social distancing
restrictions will be lifted have extended Moody's expected
timeframe for recovery in certain categories, including formal
apparel and footwear. Moody's regards the coronavirus outbreak as a
social risk under its ESG framework, given the substantial
implications for public health and safety. Moody's expects Cole
Haan's revenues and earnings to remain very weak over the next two
quarters, followed by a prolonged recovery, such that FYE May 2022
earnings will be 50-70% below peak pre-pandemic levels (LTM period
ended February 29, 2020). Moody's projects adequate liquidity over
the next 12 months despite expected negative free cash flow and
high revolver borrowings, mainly due to the company's high existing
balance sheet cash and lack of near-term maturities.

Moody's took the following rating actions for Calceus Acquisition,
Inc.:

Corporate Family Rating, Downgraded to B3 from B2

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

Senior Secured Bank Credit Facility, Downgraded to B3 (LGD4) from
B2 (LGD4)

Outlook, Remains Negative

RATINGS RATIONALE

Cole Haan's B3 CFR is constrained by the company's ongoing EBITDA
losses as a result of depressed footwear spending during the
coronavirus pandemic, and Moody's expectations for continued very
weak earnings and negative free cash flow over the next several
quarters. Cole Haan's relatively small scale and operations in the
highly competitive footwear market also constrain its credit
profile. In addition, the rating incorporates governance
considerations, specifically financial strategy risk associated
with private equity ownership. As a mono-brand premium price point
retailer, Cole Haan is also exposed to changes in fashion trends
and consumers' brand perception. Continued reinvestment in product
design, marketing and infrastructure, as well as social factors
including responsible sourcing and robust data protection, are
necessary to sustain brand value.

Nevertheless, the rating is supported by Cole Haan's adequate
liquidity. The credit profile also benefits from the company's
large athleisure offering, strong execution over the past two years
prior to the coronavirus outbreak, well-recognized dual-gender
brand and diverse distribution channels, including a growing and
profitable digital business. These factors will position the
company better than other apparel and footwear companies to emerge
from the current period of disruption. Moody's expects the company
to continue capitalizing on the trend towards fashion casualization
and online shopping, both of which will likely accelerate.

The negative outlook reflects the risk of liquidity deterioration
if earnings recovery takes longer than anticipated.

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

The rating could be downgraded if liquidity deteriorates more than
anticipated over the next several quarters, or if there is no clear
path to significant earnings recovery in FY 2022. The ratings could
be downgraded with expectations for Moody's-adjusted debt/EBITDA to
be sustained above 6 times and EBITA/interest expense below 1 times
beyond FY 2022.

The ratings could be upgraded if liquidity improves and the company
returns to solid earnings growth. Quantitatively, the ratings could
be upgraded if Moody's-adjusted debt/EBITDA is sustained below 4.5
times and EBITA/interest expense above 1.75 times.

Headquartered in Greenland, NH, Cole Haan is a designer and
retailer of men's and women's footwear, handbags, and accessories.
Net revenues for twelve months ended November 28, 2020 were
approximately $509 million. Apax Partners and the company's
management team acquired the company from NIKE Inc. in early 2013.

The principal methodology used in these ratings was Retail Industry
published in May 2018.


CALFRAC WELL: Wilks Brothers Appeal to Be Heard by District Court
-----------------------------------------------------------------
Calfrac Well Services Ltd. (TSX: CFW) had applied to the U.S.
District Court for the Southern District of Texas to dismiss, on an
expedited basis, a further appeal (the "Appeal") filed by Wilks
Brothers, LLC.  This appeal relates to the order of the U.S.
Bankruptcy Court for the Southern District of Texas which granted
enforcement in the United States of Calfrac's Plan of Arrangement
under the Canada Business Corporations Act (the "U.S. Enforcement
Order").

Calfrac's motion to dispose of this matter Feb. 9, 2021, was,
however, denied.  The full Appeal will therefore be heard by the
District Court at a future date.  Calfrac is well-positioned to
oppose the Appeal by Wilks Brothers and looks forward to the
opportunity to dispense with the Appeal on the merits.

Wilks Brothers has objected to essentially every application that
Calfrac has made in both Canada and the United States.
Accordingly, on Dec. 11, 2020, Wilks Brothers filed an appeal of
the U.S. Enforcement Order before the U.S. District Court for the
Southern District of Texas.

On Dec. 18, 2020, the Amended Recapitalization Transaction that had
been approved at all levels, was consummated.  On Jan. 8, 2021,
Calfrac filed a motion to dismiss the Appeal on the basis of
equitable mootness, because the Recapitalization Transaction has
already been completed pursuant to the Plan of Arrangement.  At a
hearing held earlier Feb. the U.S. District Court denied Calfrac's
motion to dismiss.

Calfrac will provide further information as the Appeal proceedings
move forward.  As indicated, Calfrac will be vigorously opposing
the Appeal.

                  About Calfrac Well Services

Calfrac Well Services Ltd. is a Calgary, Alberta-based provider of
hydraulic fracturing services to exploration and production (E&P)
companies.

Calfrac Well Services missed its June 15, 2020 interest payment on
its senior unsecured notes due 2026.

Calfrac in July 2020 commenced in the Court of Queen's Bench of
Alberta (Calgary) proceedings under Sec. 192 of the Canadian
Business Corporation Act, R.S.C. 1985 ("CBCA").

Calfrac filed a Chapter 15 case (Bankr. S.D. Tex. Case No.
20-bk-33529) on July 13, 2020, to seek recognition of its Canadian
proceedings.  The Hon. David R. Jones is the case judge.  Porter
Hedges LLP is counsel in the U.S. case.


CAMBER ENERGY: Changes Fiscal Year End to December 31
-----------------------------------------------------
The Board of Directors of the Camber Energy, Inc. approved changing
the Company's fiscal year from a fiscal year ending on March 31 of
each year to a fiscal year ending on December 31 of each year.  The
Company will file a transition report on Form 10-K covering the
nine-month transition period from April 1, 2020, to Dec. 31, 2020.
The Company's fiscal year 2021 will commence on Jan. 1, 2021.

                           About Camber Energy

Based in Houston, Texas, Camber Energy -- http://www.camber.energy
-- is primarily engaged in the acquisition, development and sale of
crude oil, natural gas and natural gas liquids from various known
productive geological formations, including from the Hunton
formation in Lincoln, Logan, Payne and Okfuskee Counties, in
central Oklahoma; the Cline shale and upper Wolfberry shale in
Glasscock County, Texas; and Hutchinson County, Texas, in
connection with its Panhandle acquisition which closed in March
2018.

Camber Energy reported a net loss of $3.86 million for the year
ended March 31, 2020, compared to net income of $16.64 million for
the year ended March 31, 2019.  As of Sept. 30, 2020, the Company
had $11.79 million in total assets, $1.61 million in total
liabilities, $6 million in preferred stock (series C), and $4.18
million in total stockholders' equity.

Marcum LLP, in Houston, Texas, the Company's auditor since 2015,
issued a "going concern" qualification in its report dated June 29,
2020, citing that the Company has incurred significant losses from
operations and had an accumulated deficit as of March 31, 2020 and
2019. These factors raise substantial doubt about its ability to
continue as a going concern.


CANAL CORPORATION: WTM I Fine-Tunes Proposed Plan
-------------------------------------------------
WTM I Company, a debtor-affiliate of Canal Corporation (f/k/a
Chesapeake Corporation), filed an Amended Plan of Liquidation and a
corresponding Disclosure Statement dated February 4, 2021.

The estimated recovery is based on an estimate of approximately
$4,250,000 being available for Distributions to Holders of Allowed
Priority Tax Claims, Allowed Priority Non-Tax Claims, and Allowed
General Unsecured Claims, with resulting aggregate distributions of
approximately $850,000 to Holders of Allowed Unsecured Claims and
approximately $3,400,000 to the Holder of the FTB Settlement Claim,
according to a footnote in the Amended Plan of Liquidation.

Like in the prior iteration of the Plan, General Unsecured Claims
which total $20,210,000 are impaired.  Unsecured creditors will
recover 4.2% of their claims.  Holders of Allowed Class 3 Claims
will receive their ratable amount of the General Unsecured
Distribution Pool.

The Plan is premised upon, among other things, the settlement
agreement with the Franchise Tax Board of the State of California
("FTB") becoming effective.  The FTB  Settlement Agreement resolves
the disputes between WTM and the FTB related to the FTB  Claim and
income concerning the 1999 tax year in connection with the
contribution of certain assets of Wisconsin Tissue Mills, Inc., to
Georgia-Pacific Tissue, LLC.  This  is the same contribution of
assets related to the prior dispute between the Debtors and the
Internal Revenue Service (the "IRS").

The FTB Settlement Agreement, among other things, provides that the
FTB will receive the FTB Settlement Claim.  The FTB Settlement
Claim entitles the FTB to receive an amount equal to 80% of all
amounts available to be distributed under the Plan to Holders of
Allowed (i) Priority Tax Claims, (ii) Priority Non-Tax Claims and
(iii) General Unsecured Claims.  For example, if a total of
$200,000 is distributed to pay Holders of Allowed (i) Priority Tax
Claims  and (ii) Priority Non-Tax Claims, then the FTB would
receive a Distribution of $800,000.  Similarly, if Holders of
Allowed General Unsecured Claims ultimately receive Distributions
in the total amount of $400,000, then the FTB would receive
Distributions of $1,600,000.

The Plan is premised upon, among other things, the FTB Settlement
Agreement becoming effective.  

A full-text copy of the Amended Plan of Liquidation dated Feb. 4,
2021, is available at https://bit.ly/3rNgTiT from PacerMonitor.com
at no charge.

Attorneys for debtor WTM I Company:

     Jason W. Harbour
     HUNTON ANDREWS KURTH LLP
     Riverfront Plaza, East Tower
     951 East Byrd Street
     Richmond, Virginia 23219-4074
     Telephone: (804) 788-8200
     Telecopier: (804) 788-8218

                        About Canal Corp.

Headquartered in Richmond, Virginia, Chesapeake Corporation
supplies specialty paperboard packaging products in Europe and an
international supplier of plastic packaging products to niche
end-use markets.  The Company has 44 locations in Europe, North
America, Africa and Asia.

Chesapeake and 18 affiliates filed Chapter 11 petitions (Bankr.
E.D. Va. Lead Case No. 08-336642) on Dec. 29, 2008.  Lawyers at
Hunton & Williams LLP represent the Debtors.  Chesapeake tapped
Alvarez and Marsal North America LLC, and Goldman Sachs & Co. as
financial advisors.  Tavenner & Beran PLC served as conflicts
counsel and Hammonds LLP as special counsel.  Kurtzman Carson
Consultants LLC serves as claims agent.  Lawyers at Greenberg
Traurig LLP represented the Official Committee of Unsecured
Creditors.

                          *     *     *

In May 2009, Chesapeake sold its assets to entities controlled by
Irving Place Capital Management, L.P. and Oaktree Capital
Management, L.P. and, following a competitive bidding process which
produced no competing bids.  The purchase price was about $485
million.  The Debtor was renamed to Canal Corp., following the
sale.

On April 1, 2011, the Bankruptcy Court entered an order confirming
the Second Amended Joint Plan of Liquidation of Canal Corporation
and certain of its affiliated debtors.

On June 16, 2011, the Bankruptcy Court entered a final decree which
closed the chapter 11 cases of all but three of the Canal Plan
Debtors, namely, Canal Corporation (f/k/a Chesapeake Corporation),
Canal NC Company (f/k/a Chesapeake Printing and Packaging Company),
and Canal NY  Company, Inc. (f/k/a Chesapeake Pharmaceutical
Packaging Company, Inc.).  The chapter 11 cases of Canal Corp., et
al. whose cases were not closed by such final decree remain open.


CAROLINA INTEGRATIVE: March 23 Plan Confirmation Hearing Set
------------------------------------------------------------
On Jan. 29, 2021, debtor Carolina Integrative Medicine, P.A. filed
with the U.S. Bankruptcy Court for the District of South Carolina a
new Chapter 11 Small Business Plan and a Disclosure Statement.

On Feb. 2, 2021, Judge Helen E. Burris conditionally approved the
Disclosure Statement and ordered that:

     * March 16, 2021, is fixed as the last day for all creditors
and other parties in interest entitled to vote on the Plan to file
their written acceptance or rejection of the Plan.

     * March 23, 2021, at 10:30 a.m., at the Donald Stuart Russell
Federal Courthouse, 201 Magnolia Street, Spartanburg, South
Carolina is the hearing to consider confirmation of the Plan.

     * March 16, 2021, any creditor or party in interest that
wishes to object to confirmation of the Plan to file and serve the
objection.

A full-text copy of the order dated Feb. 2, 2021, is available at
https://bit.ly/3tEYne5 from PacerMonitor.com at no charge.

A full-text copy of the Disclosure Statement dated Jan. 29, 2021,
is available at https://bit.ly/3aQIrx0 from PacerMonitor.com at no
charge.

Attorney for the Debtor:

     Robert H Cooper
     The Cooper Law Firm
     150 Milestone Way, Suite B
     Greenville, SC 29615
     Tel: 864-271-9911 phone
     E-mail: rhcooper@thecooperlawfirm.com

              About Carolina Integrative Medicine

Carolina Integrative Medicine, P.A., filed a Chapter 11 bankruptcy
petition (Bankr. D.S.C. Case No. 20-01227) on March 6, 2020,
listing under $1 million in both assets and liabilities.  Judge
Helen E. Burris oversees the case.  The Debtor is represented by
Robert H. Cooper, Esq., at The Cooper Law Firm.


CENTENE CORP: Fitch Rates $2.2 Billion Unsecured Notes 'BB+'
------------------------------------------------------------
Fitch Ratings has assigned a 'BB+' rating to Centene Corporation's
(CNC) $2.2 billion senior unsecured note issuance. Proceeds from
the issuance will fund an exchange of $2.2 billion of senior
unsecured notes at a lower interest rate. Since the transaction is
a debt exchange, financial leverage is not expected to change
materially.

KEY RATING DRIVERS

The new senior debt issuance is rated at the same level as
Centene's existing senior unsecured notes, which is one notch below
the holding company Issuer Default Rating (BBB-/Stable Outlook),
and reflects standard notching based on Fitch's rating criteria.

The issuance is not expected to have an impact on financial
leverage ratios because CNC plans to use the proceeds to redeem
$2.2 billion of its 4.75% senior notes maturing in 2025. The annual
interest expense savings on this transaction is expected to be
significant at greater than $40 million.

At the close of the third quarter 2020, CNC's financial leverage
and Debt-to-EBITDA ratios were 40% and 3.5x, respectively. With the
announced Magellan acquisition, CNC's financial leverage and
Debt-to-EBITDA ratios could peak at 44% and 3.9x before any
deleveraging efforts by the company.

CNC is expected to pursue deleveraging efforts throughout the year,
moving toward targets of Debt-to-EBITDA equal to or below 3.0x and
financial leverage equal to, or below, 40%. These financial
leverage metrics would be more supportive of a positive rating
action.

RATING SENSITIVITIES

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

-- A material adverse change in Fitch's ratings assumptions with
    respect to COVID-19's impact.

-- Significant deterioration in financial leverage profile or a
    sustained, material earnings disruption.

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

-- A material positive change in Fitch's rating assumptions with
    respect to COVID-19's impact.

-- Significant progress toward run-rate debt/EBITDA and financial
    leverage ratios of 2.8x and 36%, respectively;

-- Consistent generation of upper single-digit return on capital
    and EBITDA margins above 3.6%.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Financial Institutions and
Covered Bond issuers have a best-case rating upgrade scenario
(defined as the 99th percentile of rating transitions, measured in
a positive direction) of three notches over a three-year rating
horizon; and a worst-case rating downgrade scenario (defined as the
99th percentile of rating transitions, measured in a negative
direction) of four notches over three years. The complete span of
best- and worst-case scenario credit ratings for all rating
categories ranges from 'AAA' to 'D'. Best- and worst-case scenario
credit ratings are based on historical performance.


CHARLIE BROWN'S: Unsecureds Owed $380K to Get $100K in Plan
-----------------------------------------------------------
Charlie Brown's Hauling & Demolition, Inc., filed a Disclosure
Statement explaining its Chapter 11 Plan of Reorganization on Feb.
3, 2021.

The filing of the Chapter 11 case was the result of prepetition
litigation which resulted in a garnishment of the Debtor's business
accounts.  It was having difficulty collecting its accounts
receivables.  This caused a serious cash flow situation.

The Plan will be funded from future income derived from the
operation of the Debtor.  Charlie W. Brown shall continue to serve
as President of the Debtor.

Under the Plan, Class 8 allowed general unsecured claims will
receive their annual pro-rata distribution of $20,000 per year for
five years, with the first payment commencing 1 year following the
Effective Date of confirmation. The Debtor reserves the right to
object to any unsecured claims but has not yet done so.  This class
is impaired.

According to the Liquidation Analysis, Class 8 is projected to
total $380,000.

The Equity Security Holders in Class 9 will retain their equity
interests and will not contribute new value to the reorganized
Debtor. They will receive no payments until all other claims herein
are paid in full.

A full-text copy of the Disclosure Statement dated February 3,
2021, is available at https://bit.ly/3a0Wctr from PacerMonitor.com
at no charge.

Attorney for the Debtor:

     David W. Steen, Esquire
     DAVID W. STEEN, P.A.
     Florida Bar No.: 221546
     Post Office Box 270394
     Tampa, FL 33688
     Telephone: (813) 251-3000
     Email: dwsteen@dsteenpa.com

                  About Charlie Brown's Hauling

Charlie Brown's Hauling & Demolition, Inc., operates a business of
demolition of residential and commercial buildings.   It operates
its business at 37445 Orange Row Lane, Dade City, Florida.  This
property is also the homestead property of Charlie W. Brown,
President.

Charlie Brown's Hauling & Demolition filed a Chapter 11 bankruptcy
petition (Bankr. M.D. Fla. Case No. 20-08264) on Nov. 4, 2020,
disclosing under $1 million in both assets and liabilities.  Judge
Michael G. Williamson oversees the case.  The Debtor is represented
by David W. Steen, P.A.


CHARM HOSPITALITY: Vogue Says Incorrect Proof of Claim Deadline
---------------------------------------------------------------
Creditor Vogue Laundry and Cleaners, Inc., submitted a limited
objection to the Disclosure Statement explaining debtor Charm
Hospitality, LLC's Plan.

Creditor Vogue Laundry submits a limited objection to the
Disclosure Statement to ensure it retains any objection if
necessary regarding the proof of claim deadline and the amount of
its claim.  Vogue points out that:

   * The Disclosure Statement incorrectly asserts the proof of
claim deadline as being Jan. 1, 2021, rather than Jan. 17, 2021;
and

   * The Disclosure Statement was filed prior to the proof of claim
deadline, and therefore did not contain the accurate amount of
Vogue Laundry's Claim.

Attorneys for Vogue Laundry and Cleaners:

     Brenoch Wirthlin, Esq.
     HUTCHISON & STEFFEN
     10080 W. Alta Dr., Suite 200
     Las Vegas, Nevada 89145
     Telephone: (702) 385-2500
     Facsimile: (702) 385-2086
     Email: bwirthlin@hutchlegal.com

                      About Charm Hospitality

Charm Hospitality, LLC, is a Nevada Limited Liability Company, that
owns and operates a 77-room hotel located at 3019 Idaho Street,
Elko, NV.  The hotel was operated under the Wingate Inn By Wyndham
Elko brand.  The company is owned by Paramjit Kaur.

Charm Hospitality filed a Chapter 11 petition (Bankr. D. Nev. Case
No. 20-50880) on Sept. 15, 2020.  In the petition signed by Larry
Williams, corporate representative, the Debtor disclosed $3,099,287
in assets and $7,472,409 in liabilities.  Kung & Brown, serves as
bankruptcy counsel to the Debtor.


CHRISTOPHER & BANKS: Wins Cash Collateral Access on Final Basis
---------------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey has
authorized Christopher & Banks Corporation and affiliates to use
cash collateral on a final basis.

The Debtors seek continued authority to use Cash Collateral to
administer the Cases and fund their operations in accordance with
the Budget.

The Debtors have commenced store closures and related dispositions
of inventory and other assets at all store locations and, in
connection therewith, have engaged Hilco Merchant Resources, LLC, a
Delaware limited liability company, as consultant to conduct the
Store Closing Sales.

The Debtors acknowledge that under a Second Amended and Restated
Credit Agreement dated July 12, 2012, the ABL lenders provided the
Debtors with, among other things, $50,000,000 in aggregate maximum
principal amount of revolving loan commitments, including a letter
of credit sublimit of $17,500,000. As of the Petition Date, the
aggregate principal amount of "Loans" outstanding under the
Prepetition ABL Facility was $0.00, and the aggregate undrawn
amount of all outstanding "Letters of Credit" under the Prepetition
ABL Facility was not less than $8,992,684.

The Prepetition Term Loan Facility provided the Borrowers with term
loans in the aggregate principal amount of $10,000,000. As of the
Petition Date, the aggregate principal amount outstanding under the
Prepetition Term Loan Facility was not less than $5,127,327.

The Debtor is party to a secured vendor program agreement dated as
of August 5, 2020 between C&B and ALCC, LLC whereby the Vendor
Agent may purchase up to $10,000,000 of inventory from the
Participating Vendors  to be resold to C&B. As of the Petition
Date, the aggregate principal amount outstanding under the Vendor
Program was not less than $2,791,553. To secure the full payment
and performance of the Vendor Program Obligations, C&B has granted
the Vendor Agent a valid and continuing purchase-money security
interest in all Program Inventory.

ReStore Capital, LLC, is the successor by assignment and assumption
of Wells Fargo Bank, National Association, in its capacities as
Prepetition ABL Lender.

As adequate protection for the Debtor's use of cash collateral, the
Prepetition ABL Credit Parties will receive adequate protection
liens and superpriority claims and current payment of interest on
the Prepetition ABL Obligations at the "Default Rate," fees in each
case, to the extent set forth under the Prepetition ABL Credit
Agreement and principal payments on account of the Prepetition ABL
Obligations. The Prepetition ABL Lender, for the benefit of the
Prepetition ABL Credit Parties, the Prepetition Term Loan Agent,
for the benefit of the Prepetition Term Loan Lenders and the Vendor
Agent, are each granted, subject and subordinate only to the
Carve-Out, continuing, valid, binding, enforceable and
automatically perfected replacement liens on and additional
security interests in any and all presently owned and hereafter
acquired assets and real and personal property of the Debtors.

As further adequate protection of the Prepetition Credit Parties'
respective security interests in the Cash Collateral, the Debtors
will comply with all of the terms and provisions of the applicable
Prepetition Documents, including the maintenance of adequate
insurance, the maintenance of the Debtors' existing cash management
system and the payment of taxes as required by the Prepetition
Documents, and, subject to the prior consent of the Prepetition
Lenders in their respective sole discretion, the payment of all
allowed claims that could result in a lien on the Prepetition
Collateral or the Post-Petition Collateral having priority over the
liens of the Prepetition Credit Parties.

The Carve-Out consist of:

     (i) all statutory fees required to be paid to the Clerk of the
Court and to the Office of the United States Trustee plus interest
at the statutory rate;

    (ii) all reasonable fees and expenses up to $25,000 incurred by
a trustee;

   (iii) to the extent allowed at any time, whether by interim
order, procedural order, or otherwise, all paid and unpaid fees and
expenses of the Debtors' and the Statutory Committee's
professionals;

    (iv) The 503(b)(9) Claims Reserve;

     (v) Allowed Professional Fees of Professional Persons in an
aggregate amount not to exceed $500,000 incurred after the delivery
of a Carve-Out Trigger Notice to the extent allowed at any time,
whether by interim order, procedural order, or otherwise.

In consideration for the consent to the use of Cash Collateral in
accordance with the terms of this Final Order, until such time as
the ABL Obligations are paid in full the Debtors will pay to the
Prepetition ABL Lender on the Petition Date and on Monday of each
week after the Petition Date a consent fee in an amount equal to
$25,000 per week.

A copy of the Final Order and the Debtor's Budget through February
21 is available at https://bit.ly/3p6QgUe from PacerMonitor.com.

                    About Christopher & Banks

Christopher & Banks Corporation filed voluntary petitions under
Chapter 11 of the Bankruptcy Code (Bankr. D.N.J.  Case No.
21-10269) on January 13, 2021. In the petition signed by Keri L.
Jones, president and chief executive officer, the Debtor disclosed
up to $50,000 in assets and up to $50 million in liabilities.

Judge Andrew B. Alternburg, Jr. oversees the case.

COLE SCHOTZ P.C. is the Debtor's counsel.



CICI'S HOLDINGS: Seeks to Hire Gray Reed as Legal Counsel
---------------------------------------------------------
Cici's Holdings, Inc. and its affiliates, seek approval from the
U.S. Bankruptcy Court for the Northern District of Texas, Dallas
Division, to hire Gray Reed & McGraw LLP as their counsel.

The firm's services will include:

      a) advising 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) advising and consulting on the conduct of these chapter 11
cases, including all of the legal and administrative requirements
of operating in chapter 11;

      c) attending meetings and negotiating with representatives of
creditors and other parties in interest;

      d) taking 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) preparing 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) representing the Debtors in connection with obtaining
authority to continue using cash collateral and securing
postpetition financing;

     g) appearing before the Court and any appellate courts to
represent the interests of the Debtors' estates;

     h) advise the Debtors with respect to their rights and
obligations under the RSA;

     i) taking 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

     j) performing all other necessary legal services for the
Debtors.

The firm will bill its customary rates which generally range from
$285 to $875 per hour for attorneys and $100 to $310 per hour for
paraprofessionals.

The attorneys primarily responsible for this engagement and their
rates are as follows:

     Jason S. Brookner  Partner    $735 per hour
     Paul D. Moak       Partner    $715 per hour
     Aaron M. Kaufman   Partner    $620 per hour
     Lydia R. Webb      Partner    $590 per hour
     Amber M. Carson    Associate  $535 per hour
     Matthew W. Bourda  Associate  $425 per hour
     London R. England  Associate  $425 per hour
     Sahrish K. Soleja  Associate  $375 per hour

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

The firm can be reached through:

     Jason S. Brookner, Esq.
     Aaron M. Kaufman, Esq.
     Lydia R. Webb, Esq.
     Amber M. Carson, Esq.
     Gray Reed & McGraw LLP
     1601 Elm Street, Suite 4600
     Dallas, Texas 75201
     Tel: (214) 954-4135
     Fax: (214) 953-1332
     Email: jbrookner@grayreed.com
            akaufman@grayreed.com
            lwebb@grayreed.com
            acarson@grayreed.com

                      About CiCi's Holdings

CiCi's Holdings Inc. is the owner, operator and franchisor of
family-oriented unlimited pizza restaurants.  With approximately
318 locations across 26 states, including 11 owned restaurants and
307 franchise locations owned and operated by 128 franchisees, the
CiCi's brand is known as a "go-to" destination for family and other
group outings through its wide variety of pizza, pasta, and salad
bar items and cost-effective price point.

CiCi's Holdings and its affiliates sought Chapter 11 protection
(Bankr. N.D. Tex. Lead Case No. 21-30146) on Jan. 25, 2021, with a
restructuring support agreement for a plan that would have lender
D&G Investors LLC take over ownership.  D&G is an affiliate of
private investment firm Gala Capital.

Cici's Holdings was estimated to have $10 million to $50 million in
assets and $50 million to $100 million in liabilities as of the
bankruptcy filing.

The Hon. Stacey G. Jernigan is the case judge.

The Debtors tapped Gray Reed & McGRAW LLP as bankruptcy counsel and
Piper Sandler & Co. as investment banker.  Stretto is the claims
agent.


COMMUNITY PROVIDER: Describes Potential Claims Against CPES AZ
--------------------------------------------------------------
CPESAZ Liquidating, Inc., f/k/a Community Provider of Enrichment
Services, Inc. d/b/a CPES, Inc., and its debtor affiliates filed
the Disclosure Statement in support of the First Amended Joint
Chapter 11 Plan of Liquidation on Feb. 2, 2021.

The First Amended Joint Plan added this paragraph: "On January 29,
2021, the Debtors filed the Notice of Motion and Motion of the
Debtors for the Entry of an Order Authorizing Employment and
Compensation of Professionals in the Ordinary Course of Business;
Memorandum of Points and Authorities; and Declaration of Mark M.
Monson in Support Thereof."

The Debtors tendered to the Insurance Providers a letter from
counsel to the ESOP Trustee to CPES AZ describing potential claims
against CPES AZ, its directors and officers, and its past trustees
and demanding that CPES AZ notify its insurance carrier of the
claims set forth in the correspondence and provide the carrier with
a copy of the letter; and the ESOP Participants' Joint Objection to
the Ombudsman's and His Counsel's First and Final Fee Applications,
as the Debtors believe that the assertions made in this pleading
are expansions of previous allegations made in the October 27
Letter.  

The recent amendments to the Plan do not alter the proposed
treatment of claims.

Under the Plan, General unsecured claims are impaired.  The
Liquidating Trustee will pay undisputed Allowed General Unsecured
Claims within 60 days of the Effective Date.  The Allowed amount of
any Class 3 General Unsecured Claim will include all interest
accrued from the Petition Date through the date of distribution at
the Federal Judgment Rate; provided, however, that in the event
that the Bankruptcy Court determines that another interest rate
should apply the Debtors will modify the Plan accordingly.

The Plan provides that each Equity Interest shall be canceled on
the Effective Date of the Plan. Allowed Class 6 Equity Interests
will be paid a Pro Rata dividend, if any, and only to the extent
Allowed Class 3 General Unsecured Claims are paid in full, from the
remaining net proceeds of the Liquidating Trust Assets.

The Debtors will fund distributions under the Plan with cash on
hand on the Effective Date and the revenues and proceeds of all
assets of the Debtors, including the Sale Transaction proceeds and
all Causes of Action not settled, released, discharged, enjoined,
or exculpated under the Plan or otherwise on or prior to the
Effective Date.

A full-text copy of the First Amended Joint Liquidating Plan dated
Feb. 2, 2021, is available at https://bit.ly/3rDvmO9 from
PacerMonitor at no charge.

Counsel for the Debtors:

     JEREMY M. PELPHREY
     RYAN M. SALZMAN
     FAEGRE DRINKER BIDDLE & REATH LLP
     1800 Century Park East, Suite 1500
     Los Angeles, CA 90067
     Telephone: (310) 203-4000
     Facsimile: (310) 229-1285
     Jeremy.Pelphrey@faegredrinker.com
     Ryan.Salzman@faegredrinker.com

        About Community Provider of Enrichment Services

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

CPES and its affiliate, Novelles Developmental Services, Inc.,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
C.D. Cal. Lead Case No. 20-10554) on April 24, 2020.  On Aug. 11,
2020, another affiliate, CPES California, Inc., filed a Chapter 11
petition (Bankr. C.D. Cal. Case No. 20-15456).

At the time of the filing, CPES reported $1 million to $10 million
in both assets and liabilities while Novelles Developmental
Services disclosed assets of $100,000 to $500,000 and liabilities
of the same range.  CPES California disclosed assets of $1 million
to $10 million and liabilities of $100,001 to $500,000.  

Judge Deborah J. Saltzman oversees the cases.  

Debtors tapped Faegre Drinker Biddle & Reath LLP as their legal
counsel and CohnReznick Capital Market Securities, LLC as their
investment banker.

Timothy J. Stacy is the patient care ombudsman appointed in the
Debtors' Chapter 11 cases.  He is represented by Resnik Hayes
Moradi, LLP.


CONTINENTAL COUNTRY CLUB: To Stay Open Despite Chapter 11 Filing
----------------------------------------------------------------
KAFF News reports that Continental County Club has filed for
Chapter 11 bankruptcy protection, but daily operations won't
change.

According to the report, John Held, president of the board of
directors for the country club sent out a letter Wednesday
announcing the board's decision and the reasons why.  One major
reason is due to an October 2020 ruling that the club's homeowners
association must repair and refill Lake Elaine after leakage from
the lake was discovered.  A 1991 class-action lawsuit ruling stated
the lake must remain full.  The court ruled in October the man-made
lake must be repaired and the association would be fined $700 a day
until work started, then lowered to $500 a day until work was
completed.  Held says the work would take time and millions of
dollars. Other factors include a $600-thousand balloon payment
coming due on a loan that was taken out in 2011 to complete
installation of a new irrigation system on the course, and
additional costs far exceeded the revenue generated by HOA fees.
Mr. Held says the bankruptcy won't close the golf course or force
any layoffs and daily operations will go on as normal.

                   About Continental Country Club

Continental Country Club is the first golf course designed by
renowned golf course architect Ron Garl located in Wildwood,
Florida.

Continental Country Club, Inc., filed a Chapter 11 petition (Bankr.
D. Ariz. Case No. 21-00956) on Feb. 9, 2021.  The Hon. Eddward P.
Ballinger Jr. is the case judge.  ENGELMAN BERGER, P.C., led by
Scott B. Cohen, is the Debtor's counsel.  The Debtor estimated
assets and debt of $1 million to $10 million as of the bankruptcy
filing.


CPESAZ LIQUIDATING: Seeks to Hire 'Ordinary Course' Professionals
-----------------------------------------------------------------
CPESAZ Liquidating Inc. formerly Community Provider of Enrichment
Services, Inc. and its affiliates filed a motion seek approval from
the U.S. Bankruptcy Court for the District of Delaware to employ
and compensate certain professionals utilized in the ordinary
course of their businesses.

The motion, if granted, would allow the Debtor to hire these
"ordinary course" professionals without the requirement of filing
fee applications:

     CliftonLarsonAllen LLP
     5255 East Williams Circle, Suite 5000
     Tucson, AZ 85711
     -- Accounting and Auditing

     Lewis Roca Rothgerber Christie LLP
     1 South Church Avenue, Suite 2000
     Tucson, AZ 85701
     -- Litigation Defense Counsel

     Lewis Brisbois Bisgaard & Smith LLP
     Phoenix Plaza Tower II
     2929 North Central Avenue, Suite 1700
     Phoenix, AZ 85012
     Litigation Defense Counsel

     Cowdrey Jenkins, LLP
     1203 Flynn Road, Suite 160
     Camarillo, CA 93012
     Litigation Defense Counsel

The Debtors do not believe that any of the ordinary course
professionals have an interest materially adverse to the Debtors,
their estates or creditors, according to court filings.

          About Community Provider of Enrichment Services

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

CPES and its affiliate, Novelles Developmental Services, Inc.,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
C.D. Cal. Lead Case No. 20-10554) on April 24, 2020. On August 11,
2020, another affiliate, CPES California, Inc., filed a Chapter 11
petition (Bankr. C.D. Cal. Case No. 20-15456).

At the time of the filing, CPES reported $1 million to $10 million
in both assets and liabilities while Novelles Developmental
Services disclosed assets of $100,000 to $500,000 and liabilities
of the same range. CPES California disclosed assets of $1 million
to $10 million and liabilities of $100,001 to $500,000.  

Judge Deborah J. Saltzman oversees the cases. The Debtors tapped
Faegre Drinker Biddle & Reath LLP as their legal counsel and
CohnReznick Capital Market Securities, LLC as their investment
banker.

Timothy J. Stacy is the patient care ombudsman appointed in the
Debtors' Chapter 11 cases. He is represented by Resnik Hayes
Moradi, LLP.

                                  *     *     *

CPES Inc., et al., in October 2020 won approval to sell their
California assets to National Mentor Healthcare, LLC d/b/a
California Mentor, which topped the auction with an offer of
$9,350,000. The sale closed on November 16, 2020.

In November 2020, the Debtors won approval to sell their Arizona
assets to select bidders for $210,000. Arizona purchased assets
include 19 CapGrow leases that were assumed and assigned, which
eliminated, at minimum, $400,000 in potential rejection damages
claims.

The Debtors were renamed to CPESAZ Liquidating, Inc., et al.,
following the sale.


D. J. GUZZARDO: February 25 Disclosure Statement Hearing Set
------------------------------------------------------------
On Jan. 27, 2021, debtor D. J. Guzzardo, Inc., filed with the U.S.
Bankruptcy Court for the Eastern District of Louisiana Amended
Chapter 11 Small Business Disclosure Statement and an Amended
Chapter 11 Small Business Plan.  On February 4, 2021, Judge
Meredith S. Grabill ordered that:

     * February 25, 2021, at 1:30 P.M. is the hearing to consider
the approval of the Amended Chapter 11 Small Business Disclosure
Statement.

     * February 18, 2021, is fixed as the last day for filing
written objections to said Disclosure Statement, as Amended, and
for serving same in accordance with Bankruptcy Rule 3017(a).

A full-text copy of the order dated Feb. 4, 2021, is available at
https://bit.ly/3aTMTe7 from PacerMonitor.com at no charge.

A copy of the First Amended Small Business Disclosure Statement
Immaterial Modification and Amended Chapter 11 Small Business Plan
Immaterial Modification filed Jan. 27, 2021, is available at
https://bit.ly/3rIaKnZ

Counsel for the Debtor:

     Phillip K. Wallace, Esq.
     Phillip K. Wallace, PLC
     4040 Florida Street, Suite 203
     Mandeville, LA 70448
     Telephone: (985) 624-2824
     Facsimile: (985) 624-2823
     Email: Philkwall@aol.com

                       About D.J. Guzzardo

D.J. Guzzardo, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. La. Case No. 20-10141) on Jan. 20,
2020.  At the time of the filing, the Debtor disclosed assets of
between $500,001 and $1 million and liabilities of the same range.
Phillip K. Wallace, Esq., is the Debtor's legal counsel.


DATTO INC: Moody's Completes Review, Retains B1 Rating
------------------------------------------------------
Moody's Investors Service has completed a periodic review of the
ratings of Datto, Inc. and other ratings that are associated with
the same analytical unit. The review was conducted through a
portfolio review discussion held on February 4, 2021 in which
Moody's reassessed the appropriateness of the ratings in the
context of the relevant principal methodology(ies), recent
developments, and a comparison of the financial and operating
profile to similarly rated peers. The review did not involve a
rating committee. Since January 1, 2019, Moody's practice has been
to issue a press release following each periodic review to announce
its completion.

This publication does not announce a credit rating action and is
not an indication of whether or not a credit rating action is
likely in the near future. Credit ratings and outlook/review status
cannot be changed in a portfolio review and hence are not impacted
by this announcement.

Key rating considerations

The B1 rating reflects Datto's increased financial flexibility
after the IPO and Moody's expectations for a moderate financial
risk profile. Moody's expects revenue growth in the low to
mid-teens percentages and annual free cash flow of approximately
$80 million over the next 12 to 24 months. The company's increasing
investments to accelerate its growth will constrain operating cash
flow. Datto's credit profile is supported by its high proportion of
recurring, subscription revenues with good retention
characteristics. Datto has very good liquidity. The rating is
constrained by Datto's moderate operating scale and highly
competitive markets. In addition, the B1 rating reflects the risk
of shareholders-friendly financial policies as a result of the
majority equity ownership by financial sponsors after the IPO.

The principal methodology used for this review was Software
Industry published in August 2018.  


DIAMOND OFFSHORE: Bondholders Recover 37% in Debt-for-Equity Plan
-----------------------------------------------------------------
Diamond Offshore Drilling, Inc., et al., submitted an Amended
Disclosure Statement for their Joint Plan of Reorganization on Feb.
5, 2021.

According to the Amended Disclosure Statement, Class 4 Senior Notes
Claims will recover 37% of their claims, and Class 7 Existing
Parent Equity Interests will recover $3 million.

Lazard estimates the total enterprise value of the Reorganized
Debtors to be approximately $805 million to $1,520 million, with a
mid-point of $1,130 million.

The original Disclosure Statement still had blanks as to the
projected percentage recovery for Class 4, and the enterprise value
estimated by Lazard.

The Amended Disclosure Statement also warns that there is currently
no market for the New Diamond Common Shares and there can be no
assurance as to the development or liquidity of any market for such
securities.

As reported in the Troubled Company Reporter, under the Plan,
holders of Senior Notes Claims will receive 70% of the New Diamond
Common Shares, subject to dilution by the MIP Equity Shares and the
New Warrants, on account of the full equitization of their Senior
Notes Claims pursuant to the Plan.  The remaining 30% of the New
Diamond Common Shares shall be issued on the Effective Date to
purchasers of the Exit Notes pursuant to the Private Placements and
the Rights Offerings, subject to dilution by the MIP Equity Shares
and the New Warrants.

Existing Parent Equity Interests will be canceled pursuant to the
Plan, and Holders of Existing Parent Equity Interests will receive
their Pro Rata share of the New Warrants on the Effective Date.
The New Warrants are exercisable
into 7% of the New Diamond Common Shares, subject to dilution by
the MIP Equity Shares, struck at a total enterprise value implying
a 100% recovery to Holders of Senior Notes Claims on the face value
of their Senior Notes Claims (including accrued interest as of the
Petition Date).

Class 5 General Unsecured Claims are unimpaired and will recover
100% in the Plan.

A full-text copy of the Amended Disclosure Statement dated February
6, 2021, is available at https://bit.ly/3tLWqws from
PacerMonitor.com at no charge.

                    About Diamond Offshore

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

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

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

The case is assigned to Judge David R. Jones.

Paul, Weiss, Rifkind, Wharton & Garrison LLP and Porter Hedges LLP
are acting as the Company's legal counsel and Alvarez & Marsal is
serving as the Company's restructuring advisor.  Lazard Freres &
Co. LLC is serving as financial advisor to the Company.  Prime
Clerk LLC is the claims and noticing agent.


DIOCESE OF WINONA-ROCHESTER: Reaches $21.5M Deal With Creditors
---------------------------------------------------------------
The Diocese of Winona-Rochester said Feb. 10, 2021, said it has
reached a settlement with the creditors' committee representing 145
survivors of clergy sexual abuse.

"It is my desire and hope that the compensation paid in this
settlement will help the survivors heal from the pain they have
felt over these many years.  We must never forget the tragic
anguish caused by individuals who abused their power and positions
of authority.  We must stay vigilant in our unwavering commitment
to protect the youth in our Diocese who rely on priests, deacons,
religious and lay-people to keep them safe and provide for their
spiritual care," said the Most Reverend John M. Quinn, Bishop of
the Diocese of Winona-Rochester.

This settlement, mutually agreed to by the Diocese and the Official
Committee of Unsecured Creditors, includes resolution of claims
against the parishes, schools, and other Catholic entities within
the Diocese.  The $21.5 million settlement will allow the Diocese
to submit a Plan of Reorganization to the U.S. Bankruptcy Court for
approval as part of its Chapter 11 bankruptcy proceedings.

In addition to fully satisfying the financial commitment of the
Diocese, the settlement provides for additional proceeds from
certain insurance companies.  The agreement reached with the
Committee also provides for future action against certain
additional insurance carriers that provided coverage to the Diocese
in the 1960's and 1970's.  Claims stemming from the time period
with those insurance carriers are still unresolved and additional
compensation to the survivors may be recovered to the extent of the
coverage provided by those insurance carriers.  

With the filing of the Plan of Reorganization, the Diocese will
next pursue confirmation of the Plan, a process that will include
the filing of a disclosure statement and, after its approval,
soliciting votes on the plan from survivors and other creditors,
and ultimately a hearing at which the bankruptcy judge will seek
whether to confirm the plan.

                 About Diocese of Winona-Rochester

The Diocese of Winona-Rochester was established on Nov. 26, 1889
when Pope Leo XIII issued the apostolic constitution which erected
the diocese, and set its geographical boundaries.  The Diocese
encompasses the 20 southernmost counties of the state of Minnesota
and measures 12,282 square miles.  The Diocese is home to 107
parishes, four high schools, 30 junior high, elementary or
preschools, and Immaculate Heart of Mary Seminary in Winona.  The
Diocese of Winona-Rochester is headquartered at the Diocesan
Pastoral Center in Winona, Minnesota.

The Diocese of Winona-Rochester sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 18-33707) on
Nov. 30, 2018.  In the petition signed by Reverend Monsignor Thomas
P. Melvin, vicar general, the Debtor estimated $10 million to $50
million in assets and $1 million to $10 million in liabilities as
of the bankruptcy filing.

The case is assigned to Judge Robert J. Kressel.

Bodman PLC is the Debtor's bankruptcy counsel.  Restovich Braun &
Associates, led by Christopher W. Coon, is the local counsel.
Burns Bowen Bair LLP is special insurance litigation counsel.
Alliance Management, LLC, is the financial consultant.

The U.S. Trustee for Region 12 on Dec. 19, 2018, appointed five
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case of Diocese of Winona-Rochester.  The
Official Committee of Unsecured Creditors retained Stinson Leonard
Street LLP as its bankruptcy counsel.


DR. S. DAYYANI OD: Aetna Life Says Plan Patently Unconfirmable
--------------------------------------------------------------
Aetna Life & Casualty (Bermuda) Ltd. filed its preliminary
objection to the Disclosure Statement of Debtor Dr. S. Dayyani, OD,
a Professional Optometric Corp. on the basis that the Disclosure
Statement does not contain adequate information and the underlying
Debtor's Chapter 11 Small Business Plan of Reorganization is
patently not confirmable.  

Aetna raises the objections before the Court has conditionally
approved the Disclosure Statement and before the Court sets a
formal objection deadline, to highlight several serious issues with
the Disclosure Statement and the Plan that Aetna believes warrant
consideration before solicitation.

Aetna claims that the Disclosure Statement and Plan make clear that
this bankruptcy case filed by the Debtor is merely a tactic in a
two-party dispute between the Debtor and Aetna. Not surprisingly,
the Debtor's Plan is essentially binary and is contingent upon
obtaining a favorable outcome in the Aetna litigation.

Aetna asserts that even if the Debtor ultimately prevails in the
litigation and any subsequent appeals, recovery of assets for
purposes of distribution to creditors is a distant prospect,
rendering the Plan unfeasible.

Aetna further asserts that whatever the outcome of the Aetna
litigation, the Debtor's Plan is not confirmable. The Plan includes
no plausible mechanism for treatment of Aetna's claims against the
Debtor in the event Aetna prevails in the litigation.

Clearly, the Debtor wishes to simply ignore its obligations to
Aetna. However, such efforts highlight the Debtor's attempt to use
these bankruptcy proceedings as a litigation tactic in a two-party
disputes, which is improper and which cannot satisfy the good faith
requirement for confirmation of a plan under 11 U.S.C. §
1129(a)(3).

A full-text copy of Aetna's objection dated Feb. 2, 2021, is
available at https://bit.ly/3jA4MCP from PacerMonitor at no
charge.

Attorneys for Creditor Aetna Life:

     McGUIREWOODS LLP
     PAYAM KHODADADI, SBN #239906
     1800 Century Park East, 8th Floor
     Los Angeles, CA 90067-1501
     pkhodadadi@mcguirewoods.com
     Telephone: 310.315.8200
     Facsimile: 310.315.8210
   
         - and -

     McGUIREWOODS LLP
     AARON G. McCOLLOUGH
     77 West Wacker Drive, Suite 4100
     Chicago, IL 60601-1818
     amccollough@mcguirewoods.com
     Telephone: 312.849.8256
     Facsimile: 312.698.4522

                     About Dr. S. Dayyani, OD

Dr. S. Dayyani, OD, a Professional Optometric Corp --
https://www.samoeyecare.com/ -- owns and operates an optometry
clinic.  As a licensed optometrist, Dr. Dayyani provides exams,
diagnoses, and treatments of all disorders that affect the eye or
vision.

Dr. S. Dayyani filed a voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. C.D. Cal. 20-20237) on Nov. 16,
2020.  The petition was signed by Sharokh Dayanni, president.  At
the time of the filing, the Debtor disclosed $1,321,029 in assets
and $476,508 in liabilities.  Judge Barry Russell oversees the
case.  Kevin McBride, Esq., at McBride Law, PC, is the Debtor's
counsel.


DRILLING STRUCTURES: Unsecureds to Recover 100% in Confirmed Plan
-----------------------------------------------------------------
Drilling Structures International, Inc., filed a First Amended
Chapter 11 PLan and a Disclosure Statement on Feb. 3, 2021.

Following a hearing on Feb. 10, 2021, the Court confirmed the First
Amended Plan.

The unsecured debt to the Debtor's landlord in the amount of
$685,750 has been resolved.  Accordingly, the landlord has
withdrawn its claim against Debtor.

During the pendency of the case, four major pieces of litigation
have been resolved (thus eliminating the claims of those potential
creditors).  Further, other than the secured claim of Iberia Bank,
all secured creditors have been paid in full according to the terms
of their agreement with the Debtor. Finally, a significant number
of claims that would have been dealt with as Class 2 Claims have
been paid by the Debtor as charges apparently incorporated in
regular billings received by the Debtor postpetition.

Class 5 Allowed Unsecured Nonpriority Claims are impaired. The
Debtor believes the claims in this class will total $10,674.  Class
6 Claimants will be paid in full in cash on a quarterly basis over
four years in pro- rata payments by the Debtor commencing 60 days
after the Effective Date.

The shareholders, Phillip Rivera, Sr. and Phillip Rivera, Jr.,
shall retain their shares in the Reorganized Debtor.

The Debtor's business is able to pay its creditors pursuant to this
Plan. Excluding extraordinary expenses associated with the Chapter
11 case, the Debtor has shown a small profit. The operating profit
from the date of filing (June 25, 2018) through Nov. 30, 2020,
before interest, depreciation and extraordinary items, is
approximately $1,815,322.  The cash flow projections are positive,
and enough cash reserve is planned to ensure that all creditors
will be paid per the terms of the Plan of Reorganization.

A full-text copy of the First Amended Disclosure Statement dated
February 3, 2021, is available at https://bit.ly/3oWwLxC from
PacerMonitor.com at no charge.

Counsel for the Debtor:

     Richard L. Fuqua
     FUQUA & ASSOCIATES, PC
     8558Katy Freeway, Suite 119
     Houston, Texas 77024
     Telephone (713) 960-0277
     Facsimile (713) 960-1064

                  About Drilling Structures

Drilling Structures International, Inc. --
http://www.drillingstructuresintl.com/-- designs and constructs
complete drilling rig packages. DSII also fabricates rig
components, large-scale industrial materials, and overhauls and
updates existing rigs. DSII specializes in rig inspection,
maintenance, installation, and repair services. Founded in 1971,
DSII is an international company based in Houston, Texas, on a 60
acre, full-capacity manufacturing facility.  DSII also utilizes a
second full manufacturing and service facility located in
Barranquilla, Columbia.

Drilling Structures International sought protection under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 18-33395) on
June 25, 2018.  In the petition signed by Phillip Rivera, Jr.,
executive vice president, the Debtor was estimated to have assets
of $1 million to $10 million and liabilities of $1 million to $10
million.  Judge Eduardo V. Rodriguez presides over the case.
Richard L. Fuqua, II, Esq., at Fuqua & Associates, PC, is the
Debtor's legal counsel.


E-Z GENERAL: Hearing Today on Emergency Cash Collateral Access Bid
------------------------------------------------------------------
E-Z General & Roofing Contractors Inc. asks the U.S. Bankruptcy
Court for the Middle District of Florida, Fort Myers Division, for
authority to, among other things, use cash collateral on an
emergency basis and to schedule a preliminary hearing on the motion
on or before February 12, 2021.

The Debtor asserts there is insufficient time for a full hearing
pursuant to Rule 4001(b)(2) of the Federal Rules of Bankruptcy
Procedure to be held before the Debtor must use Cash Collateral. If
the motion is not considered on an expedited basis and if the
Debtor is denied the ability to immediately use Cash Collateral,
there will be a direct and immediate material and adverse impact on
the continuing operations of the Debtor's business and on the value
of its assets.

The Debtor's primary secured creditor is the Internal Revenue
Service. The IRS asserts it is owed approximately $1.5 million on
account of 940, 941, and 945 taxes for the years 2014 and 2015. On
April 26, 2019, the IRS filed a Notice of Federal Tax Lien in the
official records of Collier County, Florida, which the agency
asserts would be a lien on, among other things, cash, accounts,
accounts receivable, and inventory.

In the second quarter of 2020, the Debtor applied for and received
relief funding through the Payment Protection Program from Chase
Bank, N.A. in the amount of $150,000.00. Prior to the Petition
Date, the Debtor executed loan documents in favor of the SBA
pursuant to which it was granted a lien on, among other things,
cash, accounts, accounts receivable, and inventory. The Debtor
anticipates that the amounts owed to the SBA will be forgiven under
the PPP guidelines.

The Debtor's Cash Collateral consists primarily of accounts
receivable. The Debtor has approximately $4.2 million of contracts
to perform roofing repairs, although the Debtor cannot commence
performance on a large number of those contracts until the
customers' claims against insurance companies for hurricane damages
are resolved.

The Debtor intends to use Cash Collateral to pay operating expenses
and the costs of administering the Chapter 11 case.

In exchange for the Debtor's ability to use Cash Collateral in the
operation of its business, the Debtor proposes to grant to the
Lenders, as adequate protection, replacement liens to the same
extent, validity, and priority as existed on the Petition Date. In
other words, the Debtor proposes that the Lenders' "floating" liens
on such assets continue to "float" to the same extent, validity,
and priority as existed on the Petition Date, notwithstanding
Section 552 of the Bankruptcy Code. The Debtor asserts that the
interests of the Lenders will be adequately protected by the
replacement liens.

A copy of the motion is available at https://bit.ly/3a6luXm from
PacerMonitor.com.

           About E-Z General & Roofing Contractors Inc.

E-Z General & Roofing Contractors Inc. provides contracting
services in the fields of residential and commercial roofing,
general construction, concrete restoration, storm restoration and
emergency services and repairs. It sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No.
2:21-bk-00171) on February 8, 2021. In the petition signed by Ney
Dias, president, the Debtor disclosed up to $10 million in both
assets and liabilities.

Edward J. Peterson, Esq. at Stichter Riedel Blain & Postler, P.A.
is the Debtor's counsel.


ENTERPRISE DEVELOPMENT: Moody's Raises CFR to B3, Outlook Stable
----------------------------------------------------------------
Moody's Investors Service upgraded The Enterprise Development
Authority's ("EDA") Corporate Family Rating to B3 from Caa1 and
Probability of Default Rating to B3-PD from Caa1-PD. A B3 rating
was assigned to the company's proposed $475 million term loan B due
2028. A Ba3 rating was assigned to the company's proposed $50
million super priority revolver due 2026. The rating outlook is
stable.

Proceeds from the proposed term loan along with about $116 million
of balance sheet cash will be used to repay the company's existing
$450 million 12% senior secured notes due 2024, pay the related
make-whole provision, and redeem approximately $80 million of
(unrated) subordinated developer notes. The Caa1 rating on EDA's
senior secured notes is not affected and will be withdrawn once the
transaction closes.

"The upgrade reflects a combination of factors, including better
than expected earnings performance despite the continuing
challenges presented by social distancing measures," stated Keith
Foley, a Senior Vice President at Moody's. "The proposed
refinancing will have a meaningful favorable impact on liquidity
including the debt cost of capital, free cash flow and debt
maturity profile, and the amount of pre-payable debt in the
company's capital structure."

The factors, along with Moody's expectation that EDA will generate
between $90 million and $100 million of positive free cash flow
after interest, cash distributions and capital expenditures in
fiscal 2021 -- this assumes that there is no disruption in
operations -- will further improve the company's ability to manage
through the coronavirus challenges and maintain debt/EBITDA at or
below 3.5x. Moody's projects that the free cash flow will be
sufficient to fund the $23.75 million of required annual term loan
amortization, payable quarterly.

Pro forma for these transactions as of September 30, 2020, there
was nothing drawn on the company's $50 million revolver, the
expiration of which is 2026. The proposed term loan matures in
2028, four years longer than the company's existing 12% senior
secured notes. Moody's also expects that the interest expense
associated with the proposed debt capital structure will be about
half of what it is currently, substantially improving full year
interest coverage to between 7x and 8x from about 2.5x.

The proposed covenant package includes certain terms that are more
restrictive than other recent syndicated loans transactions
including a limit on incremental debt capacity up to $100 million
subject to a pro forma total net leverage ratio not to exceed 3.25x
and compliance with the financial maintenance covenant.
Additionally, in the event there is a California State mandated
shutdown due to further coronavirus concerns, Moody's expects EDA's
management will choose to keep the facility open as it operates on
sovereign Native American land and is not required to adhere to
such a State mandate.

Ratings Upgraded:

Issuer: The Enterprise Development Authority

Corporate Family Rating, Upgraded to B3 from Caa1

Probability of Default Rating, Upgraded to B3-PD from Caa1-PD

New Assignments:

Senior Secured 1st Lien Term Loan B, Assigned B3 (LGD4)

Senior Secured Revolving Credit Facility, Assigned Ba3 (LGD1)

Outlook Actions:

Outlook, Changed To Stable From Negative

RATINGS RATIONALE

The B3 CFR reflects the favorable benefits from EDA's affiliation
with the highly successful and recognizable Hard Rock brand, Hard
Rock Sacramento Fire Mountain's (HRSFM) close proximity to
Sacramento, CA along with that market's favorable demographics. EDA
in 2020 exceeded the EBITDA projected for the company when the
project was first opened despite the challenging economic
conditions, but there is uncertainty regarding the sustainability
of this earnings level when a broader range of competitive leisure
activities reopen. Key credit challenges include EDA's single asset
profile, competition from several large casinos operating in
HRSFM's primary market area -- and risks common to Native American
gaming issuers, including the uncertainty as to enforceability of
lender's claims in bankruptcy or liquidation. Revenue is also
dependent on cyclical discretionary consumer spending.

The coronavirus outbreak, the government measures put in place to
contain it, and the weak global economic outlook continue to
disrupt economies and credit markets across sectors and regions.
Moody's analysis has considered the effect on the performance of
EDA from the current weak US economic activity and a gradual
recovery for the coming year. Although an economic recovery is
underway, it is tenuous, and its continuation will be closely tied
to containment of the virus. As a result, the degree of uncertainty
around our forecasts is unusually high. Moody's regards the
coronavirus outbreak as a social risk under Moody's EDA framework,
given the substantial implications for public health and safety.
The gaming sector has been one of the sectors most significantly
affected by the shock given its sensitivity to consumer demand and
sentiment. More specifically, the weaknesses in EDA's credit
profile, including its exposure to travel disruptions and
discretionary consumer spending have left it vulnerable to shifts
in market sentiment in these unprecedented operating conditions and
EDA remains vulnerable to the outbreak continuing to spread.

Financial policies are considered conservative considering EDA's
willingness and ability to adhere to what Moody's consider
relatively significant limits on additional debt and the company's
ability to make discretionary cash distributions. EDA, which will
have an entirely pre-payable debt capital structure once the
proposed transaction closes, also agreed to some amortization on
the term loan along with a cash flow sweep. In Moody's view, this
shows a strong commitment on EDA's part to manage its leverage in a
relatively conservative manner.

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

The stable outlook reflects Moody's view that EDA will continue to
increase EBITDA and generate substantial positive free cash flow
over the next year as consumers gain comfort with public spaces.
The outlook also reflects Moody's expectation that EDA will
maintain good liquidity to manage in the uncertain operating
environment that is likely to persist over the next year.

A higher rating can be achieved once Moody's has a higher degree of
confidence that the risks related to COVID-19 will lessen and the
operating environment improves along with revenue and earnings
visibility. A higher rating also requires that EDA continue to
generate comfortably positive free cash flow, sustain
debt-to-EBITDA below 4.0x , and maintain good liquidity.

Ratings could be downgraded if Moody's anticipates renewed weakness
in EDA's earnings or cash flow generation because of competition,
actions to contain the spread of the virus, or reductions in
discretionary consumer spending. A deterioration in liquidity could
also lead to a downgrade.

The proposed first lien credit agreement contains provisions for
incremental debt capacity up to $100 million subject to a pro forma
total net leverage ratio not to exceed 3.25x and compliance with
the financial maintenance covenant. The incremental could be used
for any purpose not prohibited under the credit agreement.
Subsidiary guarantors must provide guarantees whether or not
wholly-owned. The credit agreement does not permit the existence of
unrestricted subsidiaries, precluding any transfer of assets to
unrestricted subsidiaries. The asset-sale proceeds prepayment
requirement does not have any leverage-based step-downs. The above
are proposed terms and the final terms of the credit agreement can
be materially different.

The Enterprise Development Authority (EDA) is an unincorporated
governmental instrumentality of the Estom Yumeka Maidu Tribe of the
Enterprise Rancheria. EDA, in conjunction with Hard Rock Sacramento
FM, LLC (HRSFM) developed a Class III tribal gaming facility and
hotel called the Hard Rock Sacramento Fire Mountain casino on 40
acres of gaming eligible trust land located within a 900-acre
Sports and Entertainment Zone in Yuba County, CA. The Project
opened October 2019. HRSFM is a wholly owned subsidiary of Seminole
Hard Rock Entertainment, Inc. and is the developer and manager of
the Hard Rock Sacramento Fire Mountain casino.

The principal methodology used in these ratings was Gaming
Methodology published in October 2020.


FF FUND: Says Disclosures Amended to Address Objections
-------------------------------------------------------
FF Fund I, L.P. and F5 Business Investment Partners, LLC, filed an
omnibus response to objections to the Disclosure Statement
explaining their Plan.

The Plans proposed by the Debtors in the Chapter 11 cases provide
for the payment in full of all Allowed Unsecured Claims over 3
years, with the first payment of 20% on the Effective Date.  In
addition, the Holders of Allowed Limited Partner Equity Interests
in the FF Fund Debtor will share in a pot of $2 million. In order
to achieve confirmation of the Plans, FF Management, the general
partner of the FF Fund Debtor, has agreed to fund an amount equal
to $4.0 million into the Debtors on the Effective Date and has
arranged exit financing with a third party lender in the amount of
an additional $1.5 million to be entered into on the Effective
Date.

The Debtors note that no creditor has objected to the approval of
the Disclosure Statement or otherwise raised any preliminary
objections to confirmation.  Other than the Securities and Exchange
Commission who filed a limited objection the other objecting
parties, led by Dennis Hersch and his son Gregory Hersch are either
a minority subset of the remaining limited partners in the FF Fund
Debtor or are putative defendants against whom the Debtors'
bankruptcy estates have substantial claims.  In an effort to
address and resolve disclosure objections, the Debtors amended the
Disclosure Statement and the Plans to add additional information
and exhibits, and filed their First Amended Disclosure Statement
and the Amended Plans, as well as redlined copies of the same.

A. The SEC Limited Objection and Resolution.

The Debtors have amended the Plans to eliminate the proposed
third-party release in favor of Andrew Franzone. To be clear,
despite contributing $4.0 million in new monies into the Debtors on
the Effective Date to fund the Amended Plans, neither Mr. Franzone,
nor FF Management nor anyone affiliated with them will receive a
release under the Amended Plans.

The Debtors have prepared and attached a detailed summary of assets
and investments owned by the Debtors as a new Exhibit 1 to the
Amended Disclosure Statement. The summary lists each
investment/asset, which Debtor owns the investment/asset, the type
of investment/asset, the amount that the Debtor originally
invested, whether the investment requires any capital calls and a
detailed description of the investment/asset.

The Debtors have provided information in the Amended Disclosure
Statement concerning (i) the terms of the Exit Financing by the
Exit Lender to the Reorganized Debtors, and (ii) the fact that FF
Management is borrowing the funds ($4.0 million) necessary to
contribute the Investment Guarantee Amount to the Debtors on the
Effective Date of the Plans from the Exit Lender, and that the
Reorganized Debtors are not liable on such loan.

B. The D. Hersch Objection.

The Debtors relate that the third party release originally proposed
in favor of Mr. Franzone which underlies much of the D. Hersch
Objection has been deleted from the Amended Plans.

Mr. Hersch attacks Mr. Kapila and claims, without any factual basis
whatsoever, that Mr. Kapila's "independence was illusory," that he
had "one hand tied behind his back," that he was "effectively
neutered and muzzled" and has refused to "deliver the work be
oversaw." These accusations are unfounded and Mr. Hersch knows that
they are unfounded.

As to his objections to the adequacy of the Disclosure Statement of
the D. Hersch Objection, Mr. Hersch outlines nine areas which he
asserts require additional disclosure.  In the Amended Disclosure
Statement and related exhibits, the Debtors have added more
information in an effort to addressed each of these areas,
including as follows:

   * The Debtors have attached Exhibit 1 to the Amended Disclosure
Statement, which itemizes each of the Debtors' investments, along
with substantial information on and a description of each such
investment, including descriptions of investments that will allow
parties-in-interest to independently determine for themselves
whether Mr. Hersch claims about those investments being
"demonstrably inflated" or "worthless" are substantiated.

   * Exhibit 1 to the Amended Disclosure Statement describes the
status of each of the Debtors' investment.

   * The Debtors have added a new section to the Amended Disclosure
Statement detailing the litigation that was filed pre-petition and
post-petition against Mr. Franzone. The Debtors also describe the
relationship between Messrs. Hersch and Mr. Franzone, as well as
litigation that has been filed against Florence Capital and Greg
Hersch by one of the Debtors' limited partners.

   * The Debtors have added a new section to the Amended Disclosure
Statement detailing the existence of the SEC investigation and what
the Debtors know of that investigation.

C. The FloCap Objection.

The FloCap Objection was filed ostensibly by 11 parties.  Of those
parties, the two leading names, Florence Capital and Greg Hersch,
admit that they are not creditors or limited partners in the
Debtors. Based on that admission alone, the objections asserted by
Florence Capital and Greg Hersch should be ignored by the Court.

Florence Capital, Greg Hersch and Angie Skinner do not meet the
requirements of party in interest standing. Moreover in light of
their lack of standing, their motivations for objecting to the
Amended Disclosure Statement and confirmation of the Amended Plans
need to be considered. At a minimum, the Court should view the
FloCap Objection in light of these factors.

The FloCap Objection also cites the case of In re Egan, 33 B.R. 672
for the proposition that a debtor's projections which consist of a
"bare assertion of opinion, without supporting facts, is entirely
inappropriate." By contrast, the projections, assumptions and notes
attached to the Amended Disclosure Statement contain a number of
supporting assumptions and facts underlying such projections.

The FloCap Objection also seeks to object to confirmation, but only
in a general way, focusing again on unproven allegations of fraud
against Mr. Franzone.  Similar to the confirmation objections
asserted in the D. Hersch Objection, the Court should defer ruling
on such objections until confirmation of the Amended Plans and only
after the record has been fully developed.

Attorneys for the Debtors:

     Paul J. Battista
     John K. Olson
     Heather L. Harmon
     GENOVESE JOBLOVE & BATTISTA, P.A.
     100 Southeast Second Street, Suite 4400
     Miami, Florida 33131
     Telephone: (305) 349-2300
     Facsimile: (305) 349-2310
     E-mail: pbattista@gjb-law.com
             jolson@gjb-law.com
             hharmon@gjb-law.com

                          About FF Fund

FF Fund I, L.P., is a limited partnership that was formed in August
2010.  FF Fund's general partner is FF Management.  FF Fund's
offering documents identified a broad range of investment
strategies to achieve its stated objectives of "capital
appreciation and current income."

FF Fund has 13 subsidiaries and affiliates that FF Management set
up and routinely evolved over the roughly 10 years since FF Fund's
formation for various accounting, tax, audit, insurance,
regulatory, liquidity, operational, and administrative reasons.

F3 Real Estate Partners, LLC, was established to invest in real
estate primarily from 2011 through 2019.  Prior to the CRO's
appointment, F3 purchased and then sold a residential complex
containing 87 condominium units in West Palm Beach, FL, which sale
transaction closed in May 2019.

F5 Business Investment Partners, LLC, held and currently owns the
majority of the current investments made by FF Fund with monies
received from the Limited Partners.  The investments made by the F5
consisted mainly of (i) illiquid, non-tradeable privately held
shares in early-stage or start-up companies, (ii) minority
interests in real estate partnerships, or (iii) unsecured
promissory notes.

F6 Standard Securities Partners, LLC, held liquid hedge fund
investments.

The remainder of the subsidiaries had nominal investments.

On Sept. 24, 2019, FF Management retained Soneet R. Kapila to
manage FF Fund.  FF Management was and is controlled by Andrew
Franzone.

FF Fund I L.P., an investment company based in Miami, Fla., filed a
voluntary petition for relief under Chapter 11 of Bankruptcy Code
(Bankr. S.D. Fla. Case No. 19-22744) on Sept. 24, 2019.  In the
petition signed by CRO Soneet R. Kapila, the Debtor estimated $50
million to $100 million in assets and $1 million to $10 million in
liabilities.  

On Jan. 24, 2020, F5 Business Investment Partners, LLC, an
affiliate of FF Fund, filed a Chapter 11 petition (Bankr. S.D. Fla.
Case No. 20-10996).  The case is jointly administered with that of
FF Fund.  At the time of the filing, F5 Business estimated assets
of between $10 million and $50 million and liabilities of between
$1 million and $10 million.

Chief Judge Laurel M. Isicoff oversees the cases.  

Paul J. Battista, Esq., at Genovese Joblove & Battista, P.A., is
serving as the Debtors' legal counsel.

No creditors' committee has been appointed in the case.  In
addition, no trustee or examiner has been appointed.


FIBERCORR MILLS: Wins Cash Collateral Access Thru March 3
---------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Ohio in
Canton has authorized FiberCorr Mills, LLC and affiliates to use
cash collateral on an interim basis through March 3, 2021, in
accordance with a budget.

The Debtor is authorized to make payments, including but not
limited to payments to Premier Bank fka First Federal Bank of the
Midwest, successor by merger to Home Savings Bank fka Premier Bank
& Trust.

Subject to the entry of a final order authorizing the Debtors' use
of cash collateral, and except as set forth with respect to the
superpriority claims related to any failure of adequate protection
granted to PREMIER, the liens, mortgages and security interests
granted to PREMIER with respect to the replacement liens, will be
subject and subordinate to a carve-out of up to $305,000 aggregate
for the allowed fees and expenses of the professionals the Debtors
retained: up to $80,000.00 for Anthony J. DeGirolamo, counsel to
the Debtors; up to $10,000.00 for Krugliak, Wilkins, Griffiths, &
Dougherty, LPA, proposed special workers' compensation counsel to
the Debtors; up to $50,000.00 for the Phillips Organization,
financial advisor the Debtors; up to $65,000 in the aggregate for
the allowed fees and expenses of counsel and any other
professionals of a committee appointed in the cases; and for
payment of the United States Trustee's fees estimated to be
$100,000 for the period from the Petition Date through December 31,
2020, notwithstanding the amounts set forth in the budget. The
$15,000 increase to the $50,000 carve-out amount previously
approved for the aggregate allowed fees and expenses of counsel and
any other professionals of the committee appointed in these cases
pursuant to Bankruptcy Code sections 1103 and 329 will be the final
increase to the carve-out granted by PREMIER for any and all
allowed fees and expenses of counsel and any other professionals of
the committee appointed in the cases pursuant to Bankruptcy Code
sections 1103 and 329.

A hearing on the Debtor's use of cash collateral is scheduled for
March 2 at 2 p.m. Objections are due no later than February 26, at
4 p.m.

A copy of the order and the Debtor's 13-week budget through the
week of February 27 is available at https://bit.ly/2NaNqjV from
PacerMonitor.com.

                    About Fibercorr Mills, LLC

FiberCorr Mills, LLC and its affiliates filed Chapter 11 petitions
(Bankr. N.D. Ohio Lead Case No. 20-61029) on June 17, 2020.  At the
time of filing, FiberCorr Mills had estimated assets of between $1
million and $10 million and liabilities of between $1 million and
$10 million.  

FiberCorr Mills -- http://www.fibercorr.com-- is a Massillon,
Ohio-based manufacturer of corrugated cardboard products.  The Shew
family bought the FiberCorr business from Georgia-Pacific in
February 2000.  Cherry Springs of Massillon II is the owner of real
property consisting of FiberCorr's business premises.  Shew
Industries, LLC is the parent company of the other debtors.  
  
Judge Russ Kendig oversees the case.

The Debtors tapped Anthony J. Degirolamo Attorney at Law as their
bankruptcy counsel; and The Phillips Organization as their
financial advisor.

The U.S. Trustee for Region 9 appointed a committee to represent
unsecured creditors in Debtors' Chapter 11 cases.  The committee is
represented by Lewis Brisbois Bisgaard & Smith, LLP.



FIGUEROA MOUNTAIN: Committee Taps Brinkman Law as Counsel
---------------------------------------------------------
The official committee of unsecured creditors of Figueroa Mountain
Brewing, LLC seeks approval from the U.S. Bankruptcy Court for the
Central District of California to hire Brinkman Law Group, PC as
its legal counsel.

The firm's services will include:

     (a) advising the committee regarding its powers and duties
under the Bankruptcy Code;

     (b) assisting the committee in investigating the acts,
conduct, assets, liabilities, and financial condition of the
Debtor, the operation of the Debtor's business, potential claims,
and any other matters relevant to the Debtor's Chapter 11 case, the
sale of its assets or the formulation of a plan of reorganization;

     (c) participating in the formulation of a bankruptcy plan;

     (d) providing legal advice with respect to any disclosure
statement and bankruptcy plan filed in the Debtor's case;

     (e) preparing legal papers and appearing in court;

     (g) assisting the committee in requesting the appointment of a
trustee or examiner should such action be necessary; and

     (h) other legal services necessary to administer the case.

The attorneys expected to be most responsible for work on this case
are Daren Brinkman, Esq., with an hourly rate of $695, and Isaac
Ho, Esq., with an hourly rate of $345.  The firm's billing rates
for paralegals range from $225 to $250 per hour.

Brinkman is a "disinterested person" as that term is defined in
Section 101(14) of the Bankruptcy Code, according to court papers
filed by the firm.

The firm can be reached through:

     Daren R. Brinkman Esq.
     Brinkman Law Group, PC
     543 Country Club Drive Suite B
     Wood Ranch, CA 93065
     Tel: (818) 597-2992
     Fax: (818) 597-2998
     Email: firm@brinkmanlaw.com

                About Figueroa Mountain Brewing, LLC

Founded in 2020, Figueroa Mountain Brewing, LLC is in the business
of manufacturing beer with principal place of business in Buellton,
Calif.  Visit https://www.figmtnbrew.com for more information.

Figueroa Mountain Brewing sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Calif. Case No. 20-11208) on Oct. 5,
2020.  Jaime Dietenhofer, the company's manager, signed the
petition.  At the time of the filing, the Debtor had estimated
assets of between $1 million and $10 million and liabilities of the
same range.

Judge Martin R. Barash oversees the case.  Lesnick Prince & Pappas
LLP is the Debtor's legal counsel.

On Jan. 5, 2021, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee tapped
Brinkman Law Group, PC as its legal counsel.


FIRSTENERGY CORP: Must Face Over $60 Mil. Bribery Scheme Lawsuit
----------------------------------------------------------------
Law360 reports that FirstEnergy Corp. on Wednesday, Feb. 10, 2021,
lost its bid to escape Ohio ratepayers' class claims the business
paid about $60 million in bribes to secure approval of $1 billion
bailout legislation, with a federal judge finding the customers
sufficiently alleged they would face higher costs under the bill as
a result of the purportedly illicit payments.

U.S. District Judge Edmund A. Sargus Jr. shot down FirstEnergy's
motion to dismiss a consolidated proposed class action over an
alleged scheme that has led to criminal charges against former Ohio
Speaker Larry Householder and others for their purported efforts in
enacting House Bill 6.

                     About FirstEnergy Corp.

Based in Akron, Ohio, FirstEnergy Corp. (NYSE:FE) is a fully
regulated utility holding company, serving approximately six
million customers in five states through its utility operations.
FirstEnergy's total rate base is approximately $23 billion with
about $8 billion of FERC-regulated transmissions.

FirstEnergy's 10 electric distribution companies form one of the
nation's largest investor-owned electric systems, serving customers
in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New
York. The company's transmission subsidiaries operate approximately
24,500 miles of transmission lines that connect the Midwest and
Mid-Atlantic regions.

FirstEnergy Corp. holds the outstanding common stock of its
principal subsidiaries Ohio Edison Company (OE), The Toledo Edison
Company (TE), Pennsylvania Power Company (Penn), Illuminating
Company, Jersey Central Power & Light Company (JCP&L), Metropolitan
Edison Company (ME), Pennsylvania Electric Company(PN), Monongahela
Power Company (MP), The Potomac Edison Company (PE), and West Penn
Power Company (WP).

FirstEnergy Solutions, Corp. (FES) was a subsidiary of FirstEnergy
Corp. that owns 5,381 MWs of fossil generating capacity and 4,048
MWs of nuclear-generating capacity.  On March 31, 2018, FirstEnergy
Solutions and 6 affiliates, including FirstEnergy Nuclear Operating
Company (FENOC), each filed a voluntary petition for relief under
Chapter 11 of the United States Bankruptcy Code (Bankr. N.D. Ohio
Lead Case No. 18-50757).  Bankruptcy Judge Alan M. Koschik on Oct.
16, 2019, confirmed FES' plan that erased $4 billion in debt and
that was supported by more than 93 percent of voting creditors.
FirstEnergy Solutions exited bankruptcy with a new name, Energy
Harbor Corp., and ownership obtained by big bondholders Avenue
Capital Group and
Nuveen Asset Management LLC.


FL SUNSHINE SERVICES: Wins Cash Collateral Access on Interim Basis
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida, Tampa
Division, has authorized FL Sunshine Services of Tampa, LLC to use
cash collateral on an interim basis.

The Debtor is authorized to use cash collateral to pay amounts
expressly authorized by the court, the current and necessary
expenses set forth in the budget, plus an amount not be exceed 10%,
and additional amounts as may be expressly approved in writing by
secured creditors Commercial Credit Group Inc., South State Bank,
N.A. f/k/a CenterState Bank, N.A., Fundbox and the U.S. Small
Business Administration.

The Debtor will provide the Secured Creditors, including Commercial
Credit Group Inc., with replacement liens against cash collateral
to the same extent and with the same validity and priority that
existed prepetition. The Debtor will maintain its cash collateral
at the same level that existed prepetition and not allow cash
collateral to diminish.

Each secured creditor with a security interest in cash collateral,
including Commercial Credit Group Inc., will have a perfected
post-petition lien against cash collateral to the same extent and
with the same validity and priority as the prepetition lien,
without the need to file or execute any document as may otherwise
be required under applicable non bankruptcy law.

The Debtor will also maintain insurance coverage for its property
in accordance with the obligations under the loan and security
documents with the Secured Creditors.

A continued preliminary hearing on the Motion and Commercial Credit
Group Inc.'s Objection to Debtor's Use of Cash Collateral is
scheduled for March 22, 2021 at 3 p.m.

A copy of the order and the Debtor's budget is available at
https://bit.ly/3tDF3y1 from PacerMonitor.com.

             About FL Sunshine Services of Tampa, LLC

FL Sunshine Services of Tampa, LLC, a Port Richey, Fla.-based
limited liability company, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Case No. 20-08148) on October
30, 2020. The petition was signed by Dan K. Wilson, manager.

At the time of filing, the Debtor disclosed assets of less than
$50,000 and liabilities of up to $10 million.

Judge Caryl E. Delano oversees the case.

Johnson, Pope, Bokor, Ruppell & Burns, LLP is Debtor's legal
counsel.



FLOW SERVICES: Wins Cash Collateral Access Thru Feb. 23
-------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Louisiana,
Lafayette Division, has authorized y Flow Services & Consulting,
Inc. to use cash collateral on an interim basis through February
23, 2021, in accordance with a budget.

The Debtor is directed to deposit all collections of accounts
receivable, customer checks, bank deposits and any other Cash
Collateral in its debtor-in-possession account with Regions Bank.

In addition to all existing security interests and liens granted to
or for the benefit of the Internal Revenue Service in and upon the
pre-petition property, as adequate protection for the use of cash
collateral, the IRS is granted a post-petition lien on the
post-petition properties of the kind and nature that it holds in
pre-petition property to the Debtor, to the extent it does not
already have the same, in the same priority as it held in
pre-petition property. The replacement lien granted to the IRS will
be  perfected by operation of law upon execution of the Order by
the Court.

The Adequate Protection Lien will be subject and subordinate to the
payment of $25,000 on an interim basis for the payment of, to the
extent allowed by the Bankruptcy Court at any time, all accrued and
unpaid fees, disbursements, costs and expenses incurred by the
Subchapter V Trustee, the professionals or professional firms
retained by the Debtor, or any committee appointed under the
Bankruptcy Code.

All funds and accounts which have been seized from the Debtor by
any creditor other than the IRS will be released to the Debtor, and
ongoing seizure or routing of funds to such creditors will cease,
with all of the foregoing to occur within three days of the order,
excluding legal holidays.

A final hearing on the matter is scheduled for February 23 at 2:30
p.m.

A copy of the order is available at https://bit.ly/2YZo8b4 from
PacerMonitor.com.

            About Flow Services and Consulting Inc.

Flow Services and Consulting Inc. filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. La.
Case No. 21-50005) on Jan. 5, 2021.  In the petition signed by
Keith J. Martin, president, the Debtor disclosed between $1 million
and $10 million in both assets and liabilities.

Judge John W. Kolwe oversees the case.  

Gold, Weems, Bruser, Sues & Rundell, APLC serves as the Debtor's
legal counsel and and Stout Risius Ross, LLC, its financial
advisor.



FORM TECHNOLOGIES: Moody's Upgrades CFR to B3, Outlook Stable
-------------------------------------------------------------
Moody's Investors Service upgraded the ratings for Form
Technologies LLC, including the corporate family rating and
probability of default ratings to B3 and B3-PD, respectively.
Concurrently, Moody's assigned a B2 rating to the company's
proposed first-lien first-out senior secured credit facilities and
Caa2 rating to its first-lien last-out senior secured credit
facility. The repurchase of the existing second lien debt could be
viewed as a default (distressed exchange) by Moody's if the
purchases are made at less than par with holders incurring material
losses. Upon transaction close, the Caa1 and Caa3 ratings on Form
Technologies' existing first and second lien credit facilities will
be withdrawn. The ratings outlook changed to stable from negative.

Moody's expects proceeds from the proposed transaction to be used
towards repaying $65 million of outstandings under the company's
revolving credit facility and $215 million of Form Technologies'
existing first lien term loan and $204 million of existing second
lien term loan together with other transaction-related costs. The
refinancing will be effectuated through the proposed $175 million
first lien last-out term loan and $300 million of preferred
equity.

RATINGS RATIONALE

The ratings upgrade is based on the company's addressing its
near-term debt maturities through the proposed refinancing,
extending the company's debt maturity profile to 2025 from 2021.
Further, Moody's expects the refinancing to improve the company's
financial profile, with debt/EBITDA (including Moody's standard
pension and lease adjustments) improving to the mid-6.0x range from
approximately 9.0x for the last twelve month period ended September
30, 2020.

The following rating actions were taken:

Upgrades:

Issuer: Form Technologies LLC

Corporate Family Rating, Upgraded to B3 from Caa2

Probability of Default Rating, Upgraded to B3-PD from Caa2-PD

Assignments:

Issuer: Form Technologies LLC

Senior Secured First Lien Revolving Credit, Assigned B2 (LGD3)

Senior Secured First Lien First-outTerm Loan, Assigned B2 (LGD3)

Senior Secured First Lien Last-out Term Loan, Assigned Caa2
(LGD5)

Outlook Actions:

Issuer: Form Technologies LLC

Outlook, Changed to Stable from Negative

To be withdrawn at transaction close:

Issuer: Form Technologies LLC

Existing senior secured first-lien credit facility, Caa1 (LGD3)

Existing senior secured second-lien credit facility, Caa3 (LGD5)

Form Technologies' B3 CFR broadly reflects the company's high
financial leverage and cyclical nature of certain of its
end-markets including automotive, consumer electronics and oil &
gas. Moody's expects financial leverage to improve by approximately
1.5 turns pro forma for the refinancing but remain elevated at over
5.0x over the next 12-18 months.

At the same time, the company's highly engineered process and
unique tooling design lead to its sole-source manufacturing of many
of its products. Additionally, Moody's expects the company's
healthy EBITDA margins and effective working capital management to
translate to healthy free cash flow.

Form Technologies' adequate liquidity profile is characterized by
Moody's expectation of healthy free cash flow, availability under
the company's $100 million revolving credit facility pro forma for
the proposed refinancing, and ample headroom under the company's
springing revolving credit facility covenant. The term loans do not
contain financial maintenance covenants.

The stable outlook reflects Moody's expectation that the company
will continue to take proactive measures to increase profitability
as the top line gradually recovers from depressed levels in 2020
and that the company maintains an adequate liquidity profile.

Within the ESG framework, corporate governance is a key credit
consideration underlying the company's B3 CFR given the company's
private equity ownership and likelihood that financial leverage
will remain high reflective of the company's largely debt-financed
bolt on acquisition activity in recent years and event risk
associated with private equity ownership.

The proposed term loan credit agreements do not contain financial
maintenance covenants. The agreements contain covenant flexibility
for transactions that could adversely affect creditors, including
incremental facility capacity of the greater of $62.5 million and
50% of EBITDA, plus additional amounts subject to, 5.25x first lien
net leverage (for first lien first-out), 6.50x first lien net
leverage (for first lien second-out), and 6.75x total net leverage
(additional junior debt). The credit agreement does not permit the
existence of unrestricted subsidiaries, precluding any transfer of
assets to unrestricted subsidiaries. Only wholly owned subsidiaries
must provide guarantees but non-wholly owned subsidiaries will not
be released from guarantees solely because such guarantor becomes a
non-wholly owned subsidiary of the borrower without any bona fide
business purpose. There are no leverage based step downs to the
asset sale prepayment requirement.

The proposed first-lien first-out term loan's B2 rating, one notch
above the company's B3 CFR reflects the repayment priority above
the last-out term loan and support provided by unsecured
liabilities in the company's debt structure.

The proposed first-lien last-out term loan's Caa2 rating, two
notches below the CFR, reflects its effective repayment
subordination to the company's first-lien first-out revolving
credit facility and term loan.

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

The company's ratings could be downgraded if Moody's expects annual
free cash flow were to turn negative, leverage to be sustained
above 6.5 times debt/EBITDA, or if EBITA/interest were to trend
towards 1.0 times. The loss of a major customer, with volume not
replaced, could also drive negative ratings pressure.

Conversely, the ratings could be upgraded through consistent
positive free cash flow, such that debt/EBITDA improves to less
than 5.0 times and EBITA/interest of greater than 2.5 times on a
sustained basis.

Headquartered in Charlotte, North Carolina, Form Technologies LLC
is a global manufacturer of small precision, engineered metal
components utilizing die casting and precision investment casting
capabilities as well as metal injection molding technologies.
Annual revenues exceed $800 million. The company is owned by
Partners Group, Kenner & Company and American Industrial Partners
and management.

The principal methodology used in these ratings was Manufacturing
Methodology published in March 2020.


FOX SUBACUTE: Wins Cash Collateral Access Thru May 1
----------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Pennsylvania
has authorized Fox Nursing Home Corp. d/b/a Fox Subacute at
Warrington, Fox Subacute at Clara Burke, Inc., Fox Subacute at
Mechanicsburg, Inc., and Fox Subacute at South Philadelphia, LLC,
to use the cash collateral of PeoplesBank, A Codorus Valley
Company, and Sabra Health Care Pennsylvania, on an interim basis
through May 1, 2021, in accordance with the budget with a 10%
variance.

The Debtors will use cash collateral only for the purposes
specified in the Budget, to pay the United States Trustee's fees;
contingent fees to Weltman, Weinberg & Reis Co, LPA in accordance
with the Order Approving Employment of Weltman, Weinberg & Reis
Co., LPA As Special Counsel To The Debtor entered on January 27,
2021; and professional fees and reimbursement for expenses allowed
by the Court that the Bank and Sabra consent to being paid from
cash collateral or for which the Bank's and/or Sabra's collateral
is surcharged.

On or before the fifth day of each month during the interim period,
the Debtors will remit to PeoplesBank a payment in the amount of
all accrued and unpaid interest under the Note and a payment of
$50,000 to be applied to the principal balance outstanding under
the Note.

Warrington will also pay $133,797 to Sabra and Clara Burke will pay
$156,596 to Sabra as payment of the contractual base rent due
pursuant to the terms of the Master Lease. The Debtors will remit
$500 to PeoplesBank to compensate the Bank for the personnel time
required to monitor the Debtors' compliance with the Order.

The Bank and Sabra are each granted a claim against the Debtors
having (a) the same priority as the U.S. Trustee's fees and
professional fees and reimbursement for expenses allowed by the
Court that are authorized to be paid from cash collateral; and (b)
priority over any and all other administrative expenses of any kind
including, but not limited to, the administrative expenses
described in 11 U.S.C. sections 503(b) and 507(b).

The final hearing on the Motions is continued to April 27 at 9:30
a.m.

A copy of the order is available at https://bit.ly/2Om14kx from
PacerMonitor.com.

             About Fox Subacute at Mechanicsburg, LLC

Fox Subacute At Mechanicsburg, LLC is a skilled nursing facility in
Pennsylvania that specializes in pulmonary, neurological, and
rehabilitative care for patients with degenerative neurological and
neuromuscular disease; and pulmonary care and ventilator
requirements with an emphasis on vent weaning.  Its facilities are
located in Plymouth Meeting, Warrington, Mechanicsburg and
Philadelphia, Pa., and are licensed by the PA Department of
Health.

On Nov. 1, 2019, Fox Subacute at Mechanicsburg and its affiliates
sought Chapter 11 protection (Bankr. M.D. Pa. Lead Case No.
19-04714).  Fox Subacute at Mechanicsburg was estimated to have $1
million to $10 million in assets and liabilities as of the
bankruptcy filing.

Judge Henry W. Van Eck oversees the cases.

The Debtors tapped Cunningham, Chernicoff & Warshawsky, P.C. as
their legal counsel, Kennedy P.C. as special counsel, Isdaner &
Company, LLC as accountant, and Three Twenty-One Capital Partners,
LLC as investment banker.   

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Dec. 11, 2019.  The committee is represented
by Flaster/Greenberg P.C.



GOLDEN HOTEL: Wells Fargo Says Plan Lacks Good Faith
----------------------------------------------------
Wells Fargo Bank, National Association, as Trustee for the benefit
of the Holders of Morgan Stanley Capital I Trust 2015-UBS8,
Commercial Mortgage Pass Through Certificates, Series 2015-UBS8
("Secured Creditor"), objects to the Disclosure Statement for the
Joint Chapter 11 Plan of Reorganization of debtors Golden Hotel LLC
and Golden Capital Venture LLC.

Secured Creditor holds a first priority security interest in, inter
alia, certain real property owned and operated by Debtors, which is
commonly known as the Radisson Suites Hotel Anaheim - Buena Park at
7762 Beach Boulevard, Buena Park, Orange County, California, the
rents and profits generated therefrom, and certain personal
property.

Secured Creditor points out that the Disclosure Statement fails to
provide why or how Invobal's claim is impaired under the Plan.  It
says it is unclear on what basis the equity holder retains its
entire interest and getting its administrative claim paid in full
when other creditors are impaired.

Secured Creditor claims that no facts or additional disclosures are
provided on these alleged contributions that seem vital to the
Debtors' post-confirmation success.  In fact, there is no mention
of these contributions where the Debtors describe the Plan's
funding sources.

Secured Creditor asserts that the Disclosure Statement does not
disclose the known disputes with Secured Creditor over the use of
these funds. It is the Secured Creditor's position that the Reserve
Funds are not held for the benefit of the Debtors, and are not
property of the estate.

Secured Creditor further asserts that feasibility of the Debtors'
Plan is a clear and present issue.  The Plan, however, provides
neither an identifiable source of the balloon payment of the
secured portion of the Secured Creditor's claim at the end of the
fifth year for the Secured Creditor (or at the end of the seventh
year for unsecured creditors) nor any indication or firm commitment
for those uncommitted equity infusions.

Secured Creditor states that the Plan lacks good faith and
discriminates against Secured Creditor as the Plan proposes to pay
nothing on the Secured Creditor's claim for a full year after its
effective date, but rather to accrue interest, compounded monthly.


A full-text copy of Secured Creditor's objection dated Feb. 4,
2021, is available at https://bit.ly/371Ttyk from PacerMonitor.com
at no charge.    

Attorneys for Secured Creditor:

     Meagen E. Leary
     Marcus O. Colabianchi
     Diane J. Kim
     DUANE MORRIS LLP
     Spear Tower
     One Market Plaza, Suite 2200
     San Francisco, CA 94105-1127
     E-mail: meleary@duanemorris.com
             mcolabianchi@duanemorris.com
             djkim@duanemorris.com

             - and -

     Rosanne Ciambrone
     DUANE MORRIS LLP
     190 South LaSalle Street, Suite 3700
     Chicago, IL 60603-3433
     E-mail:rciambrone@duanemorris.com

                      About Golden Hotel

Golden Hotel LLC and Golden Capital Venture LLC collectively own
and operate the Radisson Hotel Anaheim-Buena Park located at 7762
Beach Boulevard, Buena Park, California.  Golden Capital Venture
owns the real property and Golden Hotel operates the hotel pursuant
to a lease from Golden Capital Venture and a license from Radisson
Hotels International, Inc.  Invobal Corporation is the sole member
of both Golden entities.

Golden Hotel LLC and Golden Capital Venture LLC concurrently filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case Nos. 20-12636 and 20-12637,
respectively) on Sept. 21, 2020.  The petitions were signed by Hieu
M. Bui, manager.  At the time of filing, the Debtors estimated $10
million to $50 million in both assets and liabilities.

Judge Scott C. Clarkson oversees the case.

SMILEY WANG-EKVALL, LLP, led by Lei Lei wang Ekvall, is serving as
the Debtors' counsel.


GRAFTECH FINANCE: Moody's Ups CFR to Ba3, Alters Outlook to Stable
------------------------------------------------------------------
Moody's Investors Service has upgraded GrafTech Finance Inc.'s
Corporate Family Rating to Ba3 from B1, its Probability of Default
Rating to Ba3-PD from B1-PD and the rating on its senior secured
notes and senior secured credit facilities to Ba3 from B1. The
senior secured rating is commensurate with the corporate family
rating since the revolver, term loan and secured notes share in the
same collateral package and account for virtually all of the debt
in the company's capital structure. GrafTech's Speculative Grade
Liquidity Rating of SGL-1 remains unchanged. The ratings outlook is
stable from positive.

"The upgrade of GrafTech's ratings reflects its historically strong
operating performance during the recent steel sector downturn, its
shift to a more balanced capital allocation strategy and the
continued reduction in Brookfield's ownership position," said
Michael Corelli, Moody's Senior Vice President and lead analyst for
GrafTech Finance Inc.

Upgrades:

Issuer: GrafTech Finance, Inc.

Corporate Family Rating, Upgraded to Ba3 from B1

Probability of Default Rating, Upgraded to Ba3-PD from B1-PD

Senior Secured Bank Credit Facility, Upgraded to Ba3 (LGD3) from
B1 (LGD3)

Gtd. Senior Secured Regular Bond/Debenture, Upgraded to Ba3
(LGD3)
from B1 (LGD3)

Outlook Actions:

Issuer: GrafTech Finance, Inc.

Outlook, Changed To Stable From Positive

RATINGS RATIONALE

GrafTech's Ba3 corporate family rating reflects its relatively low
leverage, good interest coverage, and the significant improvement
in its financial performance and credit metrics over the past three
years as it benefitted from graphite electrode sector
consolidation, its internal needle coke supply, the gradual shift
to electric arc furnace steel production and its long term
take-or-pay contracts. The rating also incorporates its moderate
scale, reliance on one product for the majority of its revenues
that is sold to a highly cyclical sector, dependence on a single
needle coke facility for the majority of its supply and its history
of shareholder friendly actions.

GrafTech has produced an historically strong operating performance
over the past three years leading to a substantial increase in free
cash flow and much stronger credit metrics. This was the result of
improved demand from steelmakers, constrained needle coke supply, a
reduction of electrode capacity that has reduced competitive
intensity and the company's decision to establish long term
take-or-pay contracts to lock in historically high prices for a
substantial portion of its production. Its operating performance
weakened materially in 2020 due to the impact of the coronavirus on
key steel consuming end markets, which occurred as steel producers
were destocking inventories of graphite electrodes after they built
inventories as prices surged over the past two years. As a result,
GrafTech reported Moody's adjusted EBITDA of about $660 million in
2020 versus $1.05 billion last year. Moody's expects its operating
performance to remain at a similar level in 2021 as weaker average
spot prices and lower contract volumes are offset by increased
demand as steel production rises after a weak 2020. However, the
second half of the year should be stronger than the first half
since the electrode industry tends to lag behind improving
fundamentals in the steel industry.

GrafTech produced historically strong operating results in 2020
despite weaker demand and its free cash flow remained robust as it
benefited from the downside buffer provided by its take-or-pay
contracts. The company used the majority of its free cash flow and
borrowings to support shareholder friendly actions over the past
few years, but shifted to using most of its free cash to pay down
term loan borrowings in 2020. The company repaid about $400 million
of term loan debt and its credit metrics remained strong for its
rating, with a leverage ratio (Debt/EBITDA) of about 2.2x and
interest coverage (EBITDA/Interest) of around 6.8x and these
metrics could strengthen further in 2021 as additional debt is
retired and interest costs decline. GrafTech launched a term loan
repricing on February 8, 2021 and announced plans to repay another
$150 million of term loan debt. Nevertheless, GrafTech's rating
also incorporates its reliance on one product that is sold to a
highly cyclical sector, its dependence on one needle coke facility
for the majority of its raw material supply, and the risk it could
return to shareholder friendly actions since an affiliate of
Brookfield Capital Partners Ltd still owns about 48% of the
outstanding shares of GrafTech. However, Brookfield has been
gradually reducing its ownership position including selling 20
million shares through a secondary offering on January 20, 2021 and
its ownership position has materially declined from about 75% in
March 2020.

GrafTech's speculative grade liquidity rating of SGL-1 incorporates
its ample liquidity, consistently positive free cash flow and ample
headroom under financial maintenance covenants. GrafTech reported
$145 million of cash and $246 million of availability on its $250
million revolving credit facility as of December 31, 2020. The
revolver has a springing maximum senior secured first-lien net
leverage ratio of 4.0x at 35% utilization of the revolver. We do
not expect material revolver utilization and the expected level of
EBITDA will create significant headroom under the financial
maintenance covenant. The revolver does not mature until February
2023.

The stable outlook incorporates our expectation for a relatively
stable and historically strong operating performance over the next
12 to 18 months.

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

The ratings upside for GrafTech is limited by its reliance on a
single needle coke facility for the majority of its supply, its
focus on one product category that serves a highly cyclical sector,
as well as its recent focus on shareholder returns. However, an
upgrade could be considered if the company broadens its scale and
product diversity and continues to maintain an historically strong
operating performance while sustaining a leverage ratio below 3.0x,
an interest coverage ratio above 8.0x and retained cash flow above
20% of its outstanding debt.

Moody's could downgrade GrafTech's ratings if its adjusted
financial leverage rises above 3.5x, retained cash flow declines
below 15% of its outstanding debt, the company produces negative
free cash flow or experiences a substantive deterioration in
liquidity.

Headquartered in Brooklyn Heights, Ohio, GrafTech International
Ltd. manufactures graphite electrodes and needle coke products. The
company has about 230,000 metric tons of electrode capacity
including its St. Mary's facility. GrafTech generated approximately
$1.2 billion of revenues for the twelve months ended December 31,
2020. An affiliate of Brookfield Capital Partners Ltd owns about
48% of the outstanding shares of GrafTech.

The principal methodology used in these ratings was Steel Industry
published in September 2017.


GREEN SIDE UP: Plan Filing Deadline Extended to March 3
-------------------------------------------------------
Judge Stephen D. Wheelis has entered an order extending until March
3, 2021, Green Side Up Rental LLC's deadline to file a Chapter 11
Plan and a Disclosure Statement.

As reported in the Troubled Company Reporter, in seeking an
extension of the Feb. 3, 2021 deadline, the Debtor said that it
needs additional time to finalize the plan and disclosure
statement.

The Debtor's property located at 408 Commercial Street, Bunkie,
Louisiana burned on Jan. 27, 2021, causing extensive damage to the
building. This disposition of this asset and the insurance proceeds
will have a significant impact on the Chapter 11 Plan.

The Debtor is waiting on the insurance company's adjuster to
evaluate the damages and will provide counsel a copy of the
settlement information as soon as it is received.

                   About Green Side Up Rental

Green Side Up Rental LLC sought protection for relief under Chapter
11 of the Bankruptcy Code (Bankr. W.D. La. Case No. 20-80421) on
Aug. 7, 2020, listing under $1 million in both assets and
liabilities.  L. Laramie Henry, Esq., at L. LARAMIE HENRY, is the
Debtor's counsel.


GROUND OPTIONS: Subchapter V Plan Deadline Extended to April 30
---------------------------------------------------------------
Judge Carol A. Doyle of the U.S. Bankruptcy Court for the Northern
District of Illinois has ordered that the deadline for debtor
Ground Options, LLC to file its Subchapter V Plan of Reorganization
is extended to April 30, 2021.

In seeking the extension, the Debtor, which provided logistics
services for numerous college athletic conferences, explained that
it continues to reasonably project that, once the pandemic is
resolved, events will be rescheduled and the Debtor will be able to
revive typical business operations.   

In order for the Debtor to propose any repayment schedule to
creditors, it is essential that the economy is restarted with some
semblance of meaningful activity in the Debtor's business.  Unless
and until events can be fully scheduled and ground transportation
is restored, it is virtually impossible for the Debtor to predict
future revenues and propose a plan, for among other things,
payments to creditors.  The resolution of the pandemic issues are
certainly beyond the Debtor's control.  

Additionally, the Debtor just applied for its second "PPP Loan"
which was rejected by the SBA due to the pendency of the Debtor's
Chapter 11 case.  The Debtor's cash flow is further strained
without a second PPP Loan.  In short, the Debtor has diligently
pursued the administration of this Subchapter V case with a view
toward formulating a prompt exit strategy.  However, given the
general overall economic uncertainty brought on by the pandemic, it
is impossible for the Debtor to propose a Plan and implement an
exit strategy from this Chapter 11 case by the current deadline.

A full-text copy of the order dated Feb. 4, 2021, is available at
https://bit.ly/3ac0nD8 from PacerMonitor.com at no charge.

Counsel for the Debtor:

     David K. Welch, Esq.
     Brian P. Welch
     Burke, Warren, MacKay & Serritella, P.C.
     330 N. Wabash Ave., Suite 2100
     Chicago, IL 60611
     TEL: (312) 840-7000
     FAX: (312) 840-7900

                     About Ground Options

Ground Options, LLC, is in the business of providing ground
transportation options and solutions for various groups including
collegiate athletics.  In the recent past, the Debtor has provided
logistics services for numerous college athletic conferences, the
NCAA championships, and the Big Ten  Basketball Championships.
Other events for which the Debtor provided such services include
the Presidential Inauguration, the Papal visit and the NBA All Star
events.

Ground Options sought Chapter 11 protection (Bankr. N.D. Ill. Case
No. 20-19706) on Nov. 3, 2020.  The petition was signed by William
Maulsby, the CEO and managing partner.  At the time of the filing,
the Debtor was estimated to have $50,000 to $100,000 in assets and
$1 million to $10 million in liabilities.

Judge Carol A. Doyle oversees the case.

The Debtor tapped Burke, Warren, Mackay & Serritella, P.C., as
counsel and Advantage Bookkeeping Professionals, Inc. as
accountant.


GULFPORT ENERGY: Revises Plan Schedule for Committee
----------------------------------------------------
Judge David R. Jones has entered an order approving a revised plan
schedule for Gulfport Energy Corporation, et al.  The Debtors and
the Committee have agreed to a revised scheduled:

   * The deadline for completion of document production pursuant to
the Rule 2004 Notice will be on Feb. 5, 2021.

   * The objection deadline for the disclosure statement motion and
the backstop motion for the committee and its members will be on
Feb. 16, 2021, at 12:00 p.m. (CT).

   * The deadline to file replies in support of the Disclosure
Statement Motion and the Backstop Motion will be on Feb. 18, 2021,
at 5:00 p.m. (CT).

   * The hearing on the disclosure statement motion and the
backstop motion will be on Feb. 19, 2021, at 2:30 p.m. (CT).

The Debtors will seek approval of the following dates and deadlines
through the order approving the Disclosure Statement Motion, except
as otherwise agreed by the Committee:

   * The Deadline for objections to confirmation of the Plan will
be on March 22, 2021, at 4:00 p.m. (CT).

  * The deadline to file replies in support of confirmation of the
Plan will be on March 29, 2021, at 12:00 p.m. (CT).

  * The Confirmation Hearing will be on March 31, 2021, at 2:00
p.m. (CT).

                   About Gulfport Energy Corp.

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

As of Sept. 30, 2020, Gulfport had $2,375,559,000 in assets and
$2,520,336,000 in liabilities.

Gulfport and its subsidiaries sought Chapter 11 protection (Bankr.
S.D. Tex. Lead Case No. 20-35562) on Nov. 13, 2020.

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

The Debtors tapped Kirkland & Ellis LLP as their bankruptcy
counsel; Jackson Walker L.L.P. as local bankruptcy counsel; Alvarez
& Marsal North America, LLC as restructuring advisor; and Perella
Weinberg Partners L.P. and Tudor, Pickering, Holt & Co. as
financial advisor; and PricewaterhouseCoopers LLP as tax services
provider.  Epiq Corporate Restructuring LLC is the claims agent.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors in the Debtors' Chapter 11 cases on Nov. 27,
2020.  The committee tapped Norton Rose Fulbright US, LLP and
Kramer Levin Naftalis & Frankel, LLP as its legal counsel, and
Conway MacKenzie, LLC, as its financial advisor.

Wachtell, Lipton, Rosen & Katz is counsel for the special committee
of Gulfport's Board of Directors while Chilmark Partners is the
financial advisor.

Katten Muchin Rosenman LLP is counsel for the special committee of
the governing body of each Debtor other than Gulfport while M III
Partners, LP is the financial advisor.


HANKEY O'ROURKE: Says Talks With Prospective Buyer Ongoing
----------------------------------------------------------
Hankey O'Rourke Enterprises, LLC, submitted a Second Amended Plan
of Reorganization and a corresponding Disclosure Statement on Feb.
8, 2021.

Most recently, the Debtor has been in discussions with a private
individual, who has made a proposal to IOFUS-FCC Holdings I, LLC,
acquire its loan documents; as of this date, those discussions are
ongoing.  The same individual has expressed interest in leasing
approximately 7,500 square feet in the north end of the building
(not being used by Cove Bowling), which would increase rental
income.

Under the Plan, IOFUS-FCC Holdings I, LLC, which asserts the
secured claim in Class 1, will retain its mortgage and collateral
assignment of rents on the  Debtor's Property.  The Debtor has
resumed making adequate protection payments, in the amount of
$4,000 per month.  Commencing in January the  Debtor increased the
monthly payment to $8,100, through a motion for use of cash
collateral.  These payments will continue through confirmation, and
the loan will mature on Aug. 31, 2021.  At that time, the loan will
mature and be payable in full, and IOFUS may exercise its remedies
to foreclose its mortgage.

After payment of allowed administrative claims, the remaining
contribution by the Debtor's shareholders shall be distributed
pro-rata to the holders of Class Three SBA Claim and Class 4
Unsecured Claims. Class 4 is impaired.

Juanita O'Rourke and Thomas Hankey, the holders of the interests in
Class 6, will retain their interests by contribution of new value
in the sum of $25,000, which will be used to pay allowed
administrative claims and non-insider unsecured Class Three and
Class Four Claims.  Class 6 is impaired.

On confirmation, all property of the Debtor, tangible and
intangible, including, without limitation, licenses, furniture,
fixtures and equipment, will revert, free and clear of all claims
and interests except as provided herein, to the Debtor.

In addition, the Members will make a lump sum payment in the
aggregate amount of $25,000 within 60 days after the entry of the
order confirming the plan.  In exchange for that payment, the
Members will retain their membership interests in the Debtor.

A full-text copy of the Second Amended Disclosure Statement dated
February 8, 2021, is available at https://bit.ly/3jzqV40 from
PacerMonitor.com at no charge.

The Debtor's counsel:

     Steven Weiss, Esquire
     Shatz, Schwartz and Fentin, PC
     1441 Main Street, Suite 1100
     Springfield, MA 01103
     Tel: (413) 737-1131
     E-mail: sweiss@ssfpc.com

                      About Hankey O'Rourke  

Hankey O'Rourke Enterprises LLC, a privately held company in Great
Barrington, Mass., filed a voluntary petition under Chapter 11 of
the Bankruptcy Code (Bankr. D. Mass. Case No. 19-30500) on June 21,
2019.  In the petition signed by Juanita O'Rourke, manager, the
Debtor was estimated to have $1 million to $10 million in both
assets and liabilities.  The case is assigned to Judge Elizabeth D.
Katz.  Shatz, Schwartz & Fentin, P.C., is the Debtor's counsel.


HARRAH WHITES: Gets OK to Hire Gungoll Jackson as Special Counsel
-----------------------------------------------------------------
Harrah Whites Meadows Nursing LLC received approval from the U.S.
Bankruptcy Court for the Northern District of Georgia to hire
Gungoll, Jackson, Box & Devoll, P.C. as its special counsel.

The firm will continue representing the Debtor in all matters
pertaining to personal injury and wrongful death claims asserted
against the Debtor.

The firm will be paid at its normal hourly rate of $225 to $350.

Michael Smith, Esq., a partner at Gungoll Jackson, disclosed in a
court filing that the firm is a "disinterested person" as defined
in Section 101 (14) of the Bankruptcy Code.

The firm can be reached through:

     Michael E. Smith, Esq.
     Gungoll, Jackson, Box & Devoll, P.C.
     101 Park Avenue, Suite 1400
     Oklahoma City, OK 73102
     Phone: +1 580-234-0436

               About Harrah Whites Meadows Nursing

Harrah Whites Meadows Nursing LLC owns and operates a skilled
nursing facility in Harrah, Okla.

Harrah Whites Meadows Nursing LLC filed its voluntary petition
initiating this Chapter 11 case (Bankr. N.D. Ga. Case No. 19-65376)
on Sept. 27, 2019. In the petition signed by Chistopher F. Brogdon,
manager, the Debtor estimated $100,000 to $500,000 in assets and $1
million to $10 million in liabilities.  

The case has been assigned to Judge Barbara Ellis-Monro.  

Nancy J. Gargula, U.S. trustee for Region 21, appointed Tony
Fullbright to serve as patient care ombudsman in the Debtor's case.


The Debtor tapped Theodore N. Stapleton P.C. as its bankruptcy
counsel and Gungoll, Jackson, Box & Devoll, P.C. as its special
counsel.


HAWAIIAN HOLDINGS: Units Complete Offering of $1.2B Senior Notes
----------------------------------------------------------------
Hawaiian Airlines, Inc., a direct wholly owned subsidiary of
Hawaiian Holdings, Inc., completed the private offering by Hawaiian
Brand Intellectual Property, Ltd., an indirect wholly owned
subsidiary of Hawaiian, and HawaiianMiles Loyalty, Ltd., an
indirect wholly owned subsidiary of Hawaiian of an aggregate of
$1,200,000,000 principal amount of their 5.750% senior secured
notes due 2026.

The Notes are fully and unconditionally guaranteed, jointly and
severally, by (i) Hawaiian Finance 1 Ltd., a direct wholly owned
subsidiary of Hawaiian, (ii) Hawaiian Finance 2 Ltd., a direct
subsidiary of HoldCo 1 and indirect wholly owned subsidiary of
Hawaiian, (iii) Hawaiian and (iv) Holdings.  All guarantees are
secured except for the Holdings guarantee, which is not secured.
The Notes are secured on a senior basis by first-priority security
interests in substantially all of the assets of the Issuers.  The
Notes were issued pursuant to an Indenture, dated as of Feb. 4,
2021, among the Issuers, the Guarantors and Wilmington Trust,
National Association, as trustee, collateral agent and collateral
custodian.  The Issuers lent the net proceeds from the offering of
the Notes to Hawaiian, after depositing a portion of such proceeds
in a reserve account to cover future interest payments on the
Notes. The Notes will mature on Jan. 20, 2026.  The Notes bear
interest at a rate of 5.750% per year, payable quarterly in arrears
on July 20, October 20, January 20 and April 20 of each year,
beginning on
July 20, 2021.

In connection with the issuance of the Notes, Hawaiian contributed
to the Brand Issuer, which is a newly-formed subsidiary structured
to be bankruptcy remote, all worldwide rights, owned or purported
to be owned, or later developed or acquired and owned or purported
to be owned, by Hawaiian or any of its subsidiaries, in and to all
intellectual property, including all trademarks, service marks,
brand names, designs, and logos that include the word "Hawaiian" or
any successor brand and the "hawaiianairlines.com" domain name and
similar domain names or any successor domain names (the "Brand
IP"). The Brand Issuer will indirectly grant to Hawaiian an
exclusive, worldwide, perpetual and royalty-bearing sublicense to
use the Brand IP.  The Brand IP Sublicense will be terminated, and
Hawaiian's right to use such Brand IP will cease, upon specified
termination events, including, but not limited to, Hawaiian's
failure to assume the Brand IP Sublicense in a restructuring
process.  The termination of the Brand IP Sublicense would be an
event of default under the Indenture and in certain circumstances
would trigger a substantial liquidated damages payment calculated
based on the present value of all future payments under the Brand
IP Sublicense.

Further, Hawaiian contributed to the Loyalty Issuer its rights to
certain other collateral owned by Hawaiian, including, to the
extent permitted by such agreements or otherwise by operation of
law, any of Hawaiian's rights under the HawaiianMiles Agreements
and the IP Agreements (each as defined in the Indenture), together
with HawaiianMiles program customer data and certain other
intellectual property owned or purported to be owned, or later
developed or acquired and owned or purported to be owned, by
Hawaiian or any of its subsidiaries (including the Issuers) and
required or necessary to operate HawaiianMiles.  The Loyalty Issuer
will indirectly grant Hawaiian an exclusive, worldwide, perpetual
and royalty-free sub-license to use the Loyalty Program IP.  The
Loyalty Program IP Sublicense will be terminated, and Hawaiian's
right to use such Loyalty Program IP will cease, upon specified
termination events, including, but not limited to, Hawaiian's
failure to assume the Loyalty Program IP Sublicense in a
restructuring process.  The termination of the Loyalty Program IP
Sublicense would be an event of default under the Indenture.

                          About Hawaiian Holdings

Hawaiian Holdings, Inc.'s primary asset is sole ownership of all
issued and outstanding shares of common stock of Hawaiian Airlines,
Inc.  The Company is engaged in the scheduled air transportation of
passengers and cargo amongst the Hawaiian Islands (the Neighbor
Island routes) and between the Hawaiian Islands and certain cities
in the United States (the North America routes together with the
Neighbor Island routes, the Domestic routes), and between the
Hawaiian Islands and the South Pacific, Australia, New Zealand and
Asia (the International routes), collectively referred to as its
Scheduled Operations.

As of Sept. 30, 2020, the Company had $4.09 billion in total
assets, $962.63 million in total current liabilities, $1.03 billion
in total long-term liabilities, $1.38 billion in other liabilities
and deferred credits, and $717.21 million in stockholders' equity.

                           *   *   *

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


HRB PROPERTIES: March 16 Plan Confirmation Hearing Set
------------------------------------------------------
On Dec. 23, 2020, debtor HRB Properties, Inc., filed with the U.S.
Bankruptcy Court for the Eastern District of Arkansas, Northern
Division, an Amended Disclosure Statement, and on Feb. 3, 2021, a
Chapter 11 Plan of Reorganization.

No objections were filed to the Amended Disclosure Statement.

On Feb. 4, 2021, Judge Phyllis M. Jones conditionally approved the
Amended Disclosure Statement and ordered that:

     * March 9, 2021, is fixed as the last day for filing written
acceptances or rejections of the Plan.

     * March 16, 2021, at 1:00 p.m. is fixed for the telephonic
hearing on confirmation of the Plan.

     * March 9, 2021, is fixed as the last day for filing and
serving written objections to confirmation of the Plan.

A full-text copy of the order dated Feb. 4, 2021, is available at
https://bit.ly/2Ou61be from PacerMonitor.com at no charge.

Attorney for the Debtor:

        Joel G. Hargis
        CADDELL REYNOLDS, LAW FIRM
        3000 Browns Lane
        Jonesboro, AR 72401
        Tel: (870) 336-6407
        Fax: (479) 230-2002
        E-mail: jhargis@justicetoday.com

                      About HRB Properties

HRB Properties, Inc. filed its voluntary petition under Chapter 11
of the Bankruptcy Court (Bankr. E.D. Ark. Case No. 20-12530) on
June 7, 2020, listing under $1 million in both assets and
liabilities.  Judge Phyllis M. Jones oversees the case.  Caddell
Reynolds is the Debtor's legal counsel.


INFINITY INTERNET: Seeks Access to Cash Collateral
--------------------------------------------------
Infinity Internet Marketing, Inc. -- dba Fresh Lawn Mowing Service,
dba Fresh Maid Cleaning Service, dba Urway Limousine Service, dba
Fresh-Pro Restoration Service, dba Freshx Restoration -- asks the
U.S. Bankruptcy Court for the Southern District of Texas, Houston
Division, for authority to use cash collateral.

The Debtor needs access to cash collateral for payroll and general
operating expenses. The use of cash collateral is necessary for the
Debtor's continued operations.

UCC Filing Number 18-0045199976 currently asserts a priority lien
position on the Debtor's accounts receivable and business assets.
UCC Filing Number 18-0045199976 is incorrect in its assertion. A
search in the Texas Secretary of State shows UCC Filing Number
18-0045199976 is in a junior lien position. Priority positions are
held by First Home Bank and Internal Revenue Service as to the
collateral listed in the schedules.

On February 3, 2021, the Debtor contacted via e-mail the UCC Filing
number 18-0045199976 at SPRS@ficoso.com, to confirm who they are
acting on behalf of and to confirm the filing of the UCC filing. As
of the date of filing the Motion, no response or confirmation has
been received.

A copy of the motion is available at https://bit.ly/3aaq0Em from
PacerMonitor.com.

            About Infinity Internet Marketing, Inc.

Infinity Internet Marketing, Inc. is a local lawn mowing and lawn
maintenance services provider. It sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 21-30351)
on February 3, 2021. In the petition signed by Jan Taylor,
president, the Debtor disclosed up to $50,000 in assets and up to
$10 million in liabilities.

Judge Christopher M. Lopez oversees the case.

Robert Lane, Esq. at the Lane Law Firm represents the Debtor as
counsel.



INTEGRATED AG XI: Farmland Investment Firm in Chapter 11
--------------------------------------------------------
Andy Blye of Phoenix Business Journal reports that Integrated AG, a
Scottsdale-based farmland investment firm, filed for Chapter 11
bankruptcy protection in January 2021, with over $20 million in
outstanding debt.

Integrated Ag is a private equity investor that redeveloped
farmland in the western U.S.  The company has ownership in over
4,500 acres of land, including 86 acres of date trees and 56 acres
of citrus trees in Dateland, Arizona, according to the bankruptcy
filing.

The company, specifically Integrated Ag XI LLC, reported over $33
million in assets and owes an excess of $20 million to nine
different creditors.  The filing also lists 25 other co-debtors
from Arizona and New York.

The largest creditor is the Great Western Bank of Sioux Falls,
South Dakota.  The filing lists the Chandler location of the bank
with two outstanding, secured mortgages worth more than $17.29
million.

The largest unsecured claim belongs to GrayWolf Integrated
Construction Company, a Kentucky-based company with two Arizona
outposts. The bankruptcy filing shows that Integrated Ag owes
GrayWolf $2.2 million, but notes that it is disputed because of
ongoing litigation.

Integrated Ag Partners, the parent to the LLC filing for
bankruptcy, was run by Jeffrey Dreyer, Michael Timony, Ari Schiff
and Patrick Horsman according to a publicly available document
filed with the Securities and Exchange Commission last year.

Integrated Ag is being represented by attorney Alan Meda of Burch &
Cracchiolo P.A.

The Integrated-family of companies also includes Integrated CBD, a
manufacturer of hemp-derived products. Integrated CBD is listed as
a co-debtor in the Integrated Ag bankruptcy filing.

The Business Journal previously reported that Integrated CBD
intended to spend $65 million creating a hemp extraction facility
with nearly 200 employees in the summer of 2019, later securing $50
million in funding that fall.

A lawsuit filed in Maricopa County Superior Court last year alleged
that those claims made by Integrated CBD were not true.

The complaint alleges that Dreyer, Schiff and Horsman "planned and
executed an elaborate scheme of fraud" in which investors were
duped and eventually lost their money.  The lawsuit specifically
alleges that Integrated CBD lied about raising $50 million in the
fall of 2019.

                     About Integrated AG XI

Scottsdale, Ariz.-based Integrated Ag XI, LLC, is primarily engaged
in renting and leasing real estate properties.  It filed a Chapter
11 petition (Bankr. D. Ariz. Case No. 21-00414) on Jan. 20, 2021.
In its petition signed by Bryan Hepler, authorized representative,
the Debtor disclosed $33,909,241 in assets and $20,701,272 in
liabilities.  Burch & Cracchiolo, P.A., serves as the Debtor's
bankruptcy counsel.


ISTANBUL REGO: Seeks to Hire Law Offices of Alla Kachan as Counsel
------------------------------------------------------------------
Istanbul Rego Park, Inc. seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to hire the Law Offices
of Alla Kachan, P.C. as its legal counsel.

The firm's services will include:

     a. assisting the Debtor in administering its Chapter 11 case;


     b. filing motions;

     c. representing the Debtor in adversary proceedings to collect
assets of the estate;

     d. taking the necessary steps to marshal and protect the
estate's assets;

     e. negotiating with creditors in formulating a plan of
reorganization;

     f. drafting and prosecuting the confirmation of the Debtor's
Chapter 11 plan of reorganization; and

     g. other legal services related to the case.

The firm's attorneys will be paid at the rate of $400 per hour. The
rate for clerks and paraprofessionals is $200 per hour.

The Debtor paid the firm an initial retainer of $15,000.

Alla Kachan is "disinterested" within the meaning of Section
101(14) of the Bankruptcy Code, according to court papers filed by
the firm.

The firm can be reached through:

     Alla Kachan, Esq.
     Law Offices of Alla Kachan, P.C.
     3099 Coney Island Avenue
     Brooklyn, NY 11235
     Tel: (718) 513-3145
     Email: alla@kachanlaw.com

                 About Istanbul Rego Park

Istanbul Rego Park, Inc. sought protection for relief under Chapter
11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 20-44294) on
Dec. 6, 2020, disclosing total assets of less than $50,000 and
total liabilities of $100,001 to $500,000.  Judge Nancy Hershey
Lord oversees the case.  Alla Kachan, Esq., at the Law Offices of
Alla Kachan, P.C., serves as the Debtor's legal counsel.


JANA LLC: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------
The U.S. Trustee for Region 16 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of JANA, LLC.
  
                          About JANA LLC
  
JANA, LLC sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. C.D. Calif. Case No. 21-10005) on Jan. 5, 2021, disclosing
under $50,000 in both assets and liabilities.  Judge Victoria S.
Kaufman oversees the case.  Matthew Abbasi, Esq., at Abbasi Law
Corporation is the Debtor's counsel.


KNOTEL INC: Committee Asks Court to Delay Chapter 11 Hearing
------------------------------------------------------------
Law360 reports that a recently appointed committee of unsecured
creditors in the Chapter 11 case of flexible-workspace provider
Knotel Inc. asked a Delaware judge Wednesday, Feb. 10, 2021, to
delay a hearing on the debtor's proposed sale timeline so it has a
better opportunity to get up to speed in the case.

In a letter to U.S. Bankruptcy Judge Mary F. Walrath, the committee
said that after its appointment Monday and subsequent retention of
bankruptcy counsel, it asked the debtor to push its bidding
procedures hearing until Feb. 17, 2021, or Feb. 18, 2021, to allow
the group time to prepare an objection to the plan.

                        About Knotel Inc.

Knotel Inc. -- http://www.Knotel.com/-- is a flexible workspace
platform that matches, tailors, and manages space for customers.
New York-based Knotel offers workspace properties such as desks,
open, and private spaces on rent for companies in 20 global
markets.  In the U.S., Knotel primarily serves in the New York City
and San Francisco areas.

Knotel, founded in 2015, raised hundreds of millions of dollars
from investors.  It expanded rapidly for years and was one of the
more aggressive competitors in the co-working and flexible office
space sector, becoming one of WeWork's fiercest rival.

As the COVID-19 pandemic upended the co-working industry, Knotel,
Inc., and its U.S. subsidiaries sought Chapter 11 protection
(Bankr. D. Del. Case No. 21-10146) on Jan. 30, 2021, to pursue a
sale of the assets to Newmark Group.

Knotel estimated $1 billion to $10 billion in assets and
liabilities as of the bankruptcy filing.

Morris, Nichols, Arsht & Tunnell LLP is serving as the Company's
counsel.  Moelis & Company is the investment banker.  Omni Agent
Solutions is the claims agent.


LIVINGWAY CHRISTIAN: Unsecureds to Be Paid in Full in Plan
----------------------------------------------------------
Livingway Christian Fellowship Church International, Inc., filed an
Amended Subchapter V Plan of Reorganization.

Through the Amended Plan and in light of PSB's Sec. 1111(b)
election, the Debtor proposes to pay Class 1 Administrative Claims
and Class 2 Unsecured  Claims in full within 30 days the first day
of the first month following the Effective Date in satisfaction of
the best interest of creditors requirement. Additionally, as the
Debtor is paying  Class 1 Administrative Claims and  Class 2
Unsecured Claims in full, there is no need for the Debtor to commit
its projected disposable income as outlined in Section
1191(c)(2)under a proposed Subchapter V election.

The Plan provides for payments under the Plan to be funded from the
donations and tithing received from the Debtor's congregation and
the surrounding community.  The Debtor's Plan proposes total
monthly secured obligations of approximately $5,900 per month.
According to its six-month pro forma outlining the Debtor's
projected income, which after expenses, averages out to
approximately $8,595 per month to meet the $5,900 monthly
obligations under the Plan.  Postpetition, the Debtor has averaged
net operating revenue over October, November and December of
approximately $10,840 per month to fund the Plan's continuing
monthly obligations to secured creditors in Classes 3 and 5.

Additionally, the Plan anticipates an approximate lump-sum payment
of $20,000 in full distribution to Classes 1, 2 and 4 within 30
days of the Effective Date, which is feasible as of Dec. 31, 2020,
the Debtor had available cash on hand totaling approximately
$55,000 for said payments.

Class 1 includes $10,000 in attorney's fees, $1,170 in Subchapter V
trustee fees, and U.S. Trustee fees of $650 per quarter.   Class 2
is solely comprised of Citibank's $5,496 claim.

A full-text copy of the Amended Plan of Reorganization dated
February 8, 2021, is available at https://bit.ly/3aMgwOy from
PacerMonitor.com at no charge.

Attorney for the Debtor(s)

     William B. McDaniel, Esq.
     LANSING ROY, P.A.
     1710 Shadowood Lane, Suite 210
     Jacksonville, FL 32207-2184
     Telephone: (904) 391-0030
     Facsimile: (904) 391-0031
     court@lansingroy.com

                    About Livingway Christian
                  Fellowship Church International

Livingway Christian Fellowship Church International is a tax-exempt
religious organization.  It is the owner of a fee simple title to a
church located at 6415 N. Pearl St., Jacksonville, Florida having a
current value of $680,000.

Livingway Christian Fellowship Church International, Inc. r filed a
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Case No. 20-02816) on Sep. 25, 2020.  The
petition was signed by Dr. Anthony Speight, president. The Debtor
disclosed $848,853 in assets and $1,035,821 in liabilities.
William B. McDaniel, Esq. at LANSING ROY, PA, serves as the
Debtor's counsel.


LONGHORN JUNCTION: Seeks to Hire Hayward PLLC as Legal Counsel
--------------------------------------------------------------
Longhorn Junction Land and Cattle Company, LLC and SC Williams, LLC
seek approval from the U.S. Bankruptcy Court for the Western
District of Texas to hire Hayward PLLC as their legal counsel.

The firm's services will include:

     a. giving the Debtors legal advice with respect to their
powers and duties in the continued operation of their business and
management of their property;

     b. advising the Debtors of their responsibilities under the
Bankruptcy Code;

     c. preparing legal papers;

     d. representing the Debtors in adversary proceedings and other
contested and uncontested matters;

     e. representing the Debtors in the negotiation and
documentation of any sales or refinancing of property of the
estate, and in obtaining the necessary court approvals of such
sales or refinancing; and

     f. assisting the Debtors in the formulation of a plan of
reorganization and disclosure statement.

The firm will be paid at these rates:

     Todd Headden      $325 per hour
     Other attorneys   $210 - $450 per hour
     Paralegal         $175 per hour

The firm is "disinterested" within the meaning of Section 101(14)
of the Bankruptcy Code, according to court papers filed by
the firm.

The firm can be reached through:

     Todd Headden, Esq.
     Ron Satija, Esq.
     Hayward, PLLC
     901 Mopac Expressway South
     Building 1, Suite 300
     Austin, TX 78746
     Phone: (737) 881-7100
     Email: theadden@haywardfirm.com
            rsatija@haywardfirm.com

                   About Longhorn Junction Land

Longhorn Junction Land and Cattle Company, LLC and SC Williams, LLC
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
W.D. Texas Lead Case No. 21-10003) on Jan. 4, 2021.  

At the time of the filing, Longhorn Junction disclosed assets of
between $10 million and $50 million and liabilities of the same
range.  SC Williams had estimated assets of between $1 million and
$10 million and liabilities of between $10 million and $50 million.


Judge Tony M. Davis oversees the cases.

The Debtors tapped Hayward PLLC and Hilco Real Estate Auctions, LLC
as their legal counsel and real estate advisor, respectively.


MALLINCKRODT PLC: Tribes Want to Take Part in Mediation
-------------------------------------------------------
Law360 reports that a committee representing hundreds of Native
American tribes has urged a Delaware judge to let it take part in
mediation for pharmaceutical company Mallinckrodt PLC's Chapter 11
bankruptcy, saying tribal governments deserve a role in divvying up
a $1.6 billion trust on par with states.

The tribal leadership committee, which was appointed to represent
over 400 tribes in the giant opioid multidistrict litigation in
Ohio federal court, objected Tuesday, February 9, 2021, to a plan
recently put forward by debtors in the bankruptcy, saying the
omission of tribes as parties to the proposed mediation is
"unwarranted and inappropriate."

                      About Mallinckdrodt PLC

Mallinckrodt is a global business consisting of multiple
wholly-owned subsidiaries that develop, manufacture, market and
distribute specialty pharmaceutical products and therapies. The
company's Specialty Brands reportable segment's areas of focus
include autoimmune and rare diseases in specialty areas like
neurology, rheumatology, nephrology, pulmonology and ophthalmology;
immunotherapy and neonatal respiratory critical care therapies;
analgesics; and gastrointestinal products.  Its Specialty Generics
reportable segment includes specialty generic drugs and active
pharmaceutical ingredients. Visit http://www.mallinckrodt.comfor
more information.

On Oct. 12, 2020, Mallinckrodt plc and certain of its affiliates
sought Chapter 11 protection in Delaware in the U.S. (Bankr. D.
Del. Lead Case No. 20-12522) to seek approval of a restructuring
that would reduce total debt by $1.3 billion and resolve
opioid-related claims against them.

Mallinckrodt plc disclosed $9,584,626,122 in assets and
$8,647,811,427 in liabilities as of Sept. 25, 2020.

Judge John T. Dorsey oversees the cases.

The Debtors tapped Latham & Watkins LLP and Richards, Layton &
Finger P.A. as their bankruptcy counsel; Arthur Cox and Wachtell,
Lipton, Rosen & Katz as corporate and finance counsel; Ropes & Gray
LLP as litigation counsel; Torys LLP as CCAA counsel; Guggenheim
Securities LLC as investment banker; and AlixPartners LLP as
restructuring advisor. Prime Clerk, LLC is the claims agent.

The official committee of unsecured creditors retained Cooley LLP
as its legal counsel, Robinson & Cole LLP as co-counsel, and Dundon
Advisers LLC as its financial advisor.

On Oct. 27, 2020, the Office of the United States Trustee for
Region 3 appointed an official committee of opioid related
claimants (OCC). The OCC tapped Akin Gump Struss Hauer & Feld LLP
as its lead counsel, Cole Schotz as Delaware co-counsel, Province
Inc., as financial advisor, and Jefferies LLC as investment banker.


McIVOR HOLDINGS: Case Summary & 6 Unsecured Creditors
-----------------------------------------------------
Debtor: McIvor Holdings, LLC
        1010 Kennedy Drive 400 and 402
        Key West, FL 33040

Business Description: McIvor Holdings, LLC owns commercial real
                      estate properties.

Chapter 11 Petition Date: February 10, 2021

Court: United States Bankruptcy Court
       Southern District of Florida

Case No.: 21-11284

Judge: Hon. Laurel M. Isicoff

Debtor's Counsel: Kevin Christopher Gleason, Esq.
                  FLORIDA BANKRUPTCY GROUP, LLC
                  4121 N 31 Ave
                  Hollywood, FL 33021
                  Tel: (954) 893-7670
                  E-mail: bankruptcylawyer@aol.com

Total Assets: $851,812

Total Debts: $1,039,837

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael E. McIvor, manager/member.

A copy of the Debtor's list of six unsecured creditors is available
for free at PacerMonitor.com at:

https://www.pacermonitor.com/view/6YJIJGA/McIvor_Holdings_LLC__flsbke-21-11284__0004.0.pdf?mcid=tGE4TAMA

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

https://www.pacermonitor.com/view/AUG2MMQ/McIvor_Holdings_LLC__flsbke-21-11284__0001.0.pdf?mcid=tGE4TAMA


MEDIA LODGE: Hires Carney Badley as Appellate Litigation Counsel
----------------------------------------------------------------
Media Lodge, Inc. seeks approval from the U.S. Bankruptcy Court for
the District of Delaware to hire Carney Badley Spellman, P.S., as
its appellate litigation counsel.

The firm will represent the Debtor in the appeal styled as GunUp,
Inc. v. Media Lodge, Inc., currently pending in the Washington
State Court of Appeals Cause No. 80766-8-I.

The firm will be paid at these rates:

     Michael B. King   $450 per hour
     Jason Anderson  $400 per hour
     Associate  $300 per hour
     Paralegals $200 per hour

As disclosed in the court filings, Carney Badley neither holds nor
represents any interest adverse to the Debtor's estate.

The firm can be reached through:

     Michael B. King, Esq.
     Carney Badley Spellman, P.S.
     Olympia Office
     208 11th Avenue SE, Suite 2
     Olympia, WA 98501-2244
     Phone: (360) 357-6500
     Email: kinqa.oarnevlaw.com

                      About Media Lodge

Media Lodge, Inc. is a content creation studio, digital
distribution platform, and sales representation company dedicated
to outdoor enthusiasts. The Media Lodge content studio creates
exclusive online articles, product reviews and original video
series such as The Good Fight, Finding Fearless, The American New
Shooter Academy, American Nomads, New Gear and Guns, In The Hunt,
Range Drills, At the Ranch - Whitetail, At the Range, 4Outdoors
featuring Dog2DogTags, The Shooting Sports Industry Influencer
Series and more. Visit http://www.medialodge.comfor more
information.

Media Lodge sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Case No. 20-12969) on November 10, 2020. The
petition was signed by Jeff Siegel, company's CEO and president.

At the time of the filing, Debtor had estimated assets of between
$100,000 and $500,000 and liabilities of between $10 million and
$50 million.

Judge John T. Dorsey oversees the case.  Gellert Scali Busenkell &
Brown, LLC is the Debtor's legal counsel.


MERCY HOSPITAL: Files for Chapter 11 Amid Plans to Shut
-------------------------------------------------------
Jermont Terry of Chicago CBS Local reports that Mercy Hospital &
Medical Center has filed for Chapter 11 bankruptcy amid its plans
to close that have run into objections from the State of Illinois.

The hospital in the Bronzeville neighborhood announced plans to
close in July 2020. But in December 2020, the Illinois Health
Facilities and Services Review Board voted to rule that the
hospital could not close.

In a bankruptcy filing issued Wednesday, February 10, 2021, the
boards of directors for the Mercy Health System and Trinity Health
said they had previously approved a "transformation plan" in which
the hospital would close.  As the filing described it, the closure
plan "included the discontinuation of inpatient acute care services
at Mercy and the wind-down of Mercy as a licensed full-service
acute care hospital."

The hospital blamed a decline in patients resulting in an excess
inpatient bed capacity, increased competition from local health
systems, the movement of care to outpatient settings, and health
care needs shifting to outpatient settings.

"Mercy has attempted to effectuate its contemplated clinical
transformation plan but has been unable to do so as originally
envisioned and management does not anticipate being able to do so
in the future," the filing said.

Now, the quality of care at Mercy has been a concern as doctors and
other staff are leaving, and operating costs have risen $7 million
a month. Thus, the hospital boards have decided a bankruptcy filing
is in the hospital’s best interests.

In a statement Wednesday, February 10, 2021, evening, Mercy
Hospital said the bankruptcy filing follows an "orderly wind-down
plan" that has been in place for months. The hospital plans to keep
its basic emergency treatment services, diagnostic imaging, and
care coordination services going until the opening of a new Mercy
Care Center to replace the hospital sometime this 2021.

Other than basic emergency services, Mercy plans to close on May
31, 2021.  The hospital closure is also on the agenda for the
Illinois Health Facilities and Services Review Board again on March
16, Mercy said.

In December 2020, CBS 2 Investigator Megan Hickey reported that
despite the order that Mercy could not close, staff members said
plans to do so were still in the works.

Mercy is Chicago's oldest hospital, and doctors and nurses there
serve a population that's been especially hard hit by COVID-19. The
closest hospital is three miles away.

As CBS 2's Jermont Terry reported, there have been plenty of
protests and cries to keep the 285-bed hospital up and running.
Back in December, we talked to doctors who said morale was low
inside. A veteran doctor at Mercy, Dr. John Cudecki, had been
fighting to keep it open.

"There's too many people that rely on the hospital. There's a
pandemic," Cudecki said in December. "It's not a good time to
close."

State Rep. Lamont Robinson Jr. (D-Chicago) said in December 2020
that he and the office of Gov. JB Pritzker had been working on a
solution.

"We do have a buyer," Robinson said in December 2020. "We're in
conversations with that buyer right now and we're hopeful that we
can get this buyer the support they need to acquire the hospital
and continue the health care that we need on the South Side of
Chicago."

But as to the question of a buyer, a Mercy spokesperson said in
December 2020 that there were no buyers who had presented
themselves as having enough funding to meet the operational and
capital needs in the hospital within the timeframe that had been
laid out, or the ability to run Mercy as a full-service hospital.

The spokesperson said Mercy owner Trinity Health had conducted a
national search and approached 20 potential buyers with the hope
that one of them could continue operating Mercy as a full-service
hospital, but there was no interest and the plan did not work out.

Meanwhile, the Illinois Health Facilities and Services Review Board
said in December despite its decision to block Mercy from closing,
there was a possibility that it might have to suspend services
anyway.

Bankruptcy attorney Clint Krislov, who is not involved in the case,
said Chapter 11 allows Mercy to pivot closer to restructuring –
if not closing.

"You can be sure that the state will have something – a plan that
they have for how this is going to play out – and it will be
interesting, because I know that the state regards this as a
facility that needs to stay open for the benefit of the people,"
Krislov sad. "This is not one of these just run-it-through-the-mill
cases. This is a very important thing, and it's going to be
essentially on (U.S. Bankruptcy Court) Judge (Timothy A.) Barnes."

Mercy has a hearing set for Friday morning to lay out its plan. But
again, the chief executive officer of the hospital said it is still
moving forward with shutting down this May 2021.

                 About Mercy Hospital and Medical Center

Mercy Chicago is a general medical and surgical Catholic teaching
hospital in Chicago, Illinois that was established in 1852 and was
the first chartered hospital in state.  Mercy Hospital operates the
general acute care hospital known as Mercy Hospital & Medical
Center, located at 2525 South Michigan Avenue, Chicago, Illinois.
The Hospital has 412 authorized beds and offers inpatient and
outpatient services.  Mercy Health System of Chicago, an Illinois
not-for-profit corporation, is the sole member of Mercy Hospital.
The health care facilities that are part of Trinity Health's
network of health care providers.  On the Web:
http://www.mercy-chicago.org/
  
Mercy Hospital and Medical Center and Mercy Health System of
Chicago sought Chapter 11 protection (Bankr. N.D. Ill. Case Nos.
21-01805 and 21-01806) in Chicago on Feb. 10, 2021.  The Debtor
estimated $100 million to $500 million in assets and liabilities as
of the bankruptcy filing.

Foley Lardner LLP, led by Matthew J. Stockl, is the Debtor's
counsel.


MOUNTAIN PROVINCE: Reports COVID-19 Outbreak at Gahcho Kue Mine
---------------------------------------------------------------
Mountain Province Diamonds Inc. reports that there has been an
outbreak of COVID-19 at the mine site which has resulted in the
temporary suspension of production related activities.  For
context, the Government of the Northwest Territories defines an
outbreak in a closed facility (which includes remote camps) as one
or more confirmed or probable cases of COVID-19 where infection is
acquired within the facility.

At present, 2 confirmed positive and 6 presumptive positive cases
have been identified and the management team is assessing the
situation and working actively to contain the outbreak to ensure it
does not spread further or into the community.  All affected
individuals and their close contacts have been quarantined.  All
individuals are feeling well.  Essential activities such as water
management, power generation, catering and employee care are being
maintained to keep the camp and the mine safe during this
assessment period.

The Company will provide further information related to resumption
of production when it is known.  At the moment, the Company's full
focus is on keeping all our employees and contractors safe and
ensuring those affected by the virus remain in good health and
receive the appropriate care.

                  About Mountain Province Diamonds

Mountain Province Diamonds -- http://www.mountainprovince.com-- is
a 49% participant with De Beers Group in the Gahcho Kue diamond
mine located in Canada's Northwest Territories.  The Gahcho Kue
Joint Venture property consists of several kimberlites that are
actively being mined, developed, and explored for future
development.  The Company also controls 106,202 hectares of highly
prospective mineral claims and leases immediately adjacent to the
Gahcho Kue Joint Venture property that include an indicated mineral
resource at the Kelvin kimberlite and inferred mineral resources
for the Faraday kimberlites.

Mountain Province reported a net loss of C$128.76 million for the
year ended Dec. 31, 2019, compared to a net loss of C$18.93 million
for the year ended Dec. 31, 2018.

                            *    *    *

As reported by the TCR on July 21, 2020, Moody's Investors Service
downgraded Mountain Province Diamonds Inc.'s Corporate Family
rating to Caa3 from Caa1.  The downgrade of MPD's rating reflects
Moody's view that the company will be challenged to repay its
revolving credit facility as per its revolving credit facility
waiver agreement given the current difficult rough diamond market
as the coronavirus pandemic has further weakened prices and sales
volumes, as well as the increased risk that the company enters into
a debt restructuring transaction.

In May 2020, S&P Global Ratings lowered its issuer credit rating on
Toronto-based Mountain Province Diamonds Inc. (MPV) and its
issue-level rating on the company's second-lien secured notes to
'CCC-' from 'CCC+'.  "We believe MPV faces a high risk of
exhausting its liquidity within the next several months, and
increased likelihood for engaging in a debt restructuring
transaction we view as a distressed," S&P said.

As reported by the TCR on Aug. 28, 2020, Fitch Ratings downgraded
Mountain Province Diamonds Inc.'s (MPVD) Issuer Default Rating to
'CCC' from 'B-'.  The downgrade reflects materially lower diamond
prices and the currently challenged diamond market due to
coronavirus pandemic implications.


MUSEUM OF AMERICAN JEWISH: Taps EisnerAmper as Tax Accountant
-------------------------------------------------------------
Museum of American Jewish History seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania to employ
EisnerAmper LLP as its accountant to complete the audit and tax
work for the fiscal year ending June 30, 2019.

The firm will be paid as follows:

     a. $39,900 for audit services relating to the preparation of
financial statements;

     b. $2,100 for tax services relating to the preparation of
federal, state and local returns; and

     c. $2,100 for any additional tax work to be billed at
discounted hourly rates to be negotiated with the Debtor.

Jimmy Mo, a partner at EisnerAmper, disclosed in a court filing
that the firm neither represents nor holds any interest adverse to
the Debtor and its estate.

The firm can be reached through:

     Jimmy Mo, CPA
     EisnerAmper, LLP
     One Logan Square
     130 North 18th Street, Suite 3000
     Philadelphia, PA 19103
     Phone: 215-881-8850

              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
United States 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, the 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,
EisnerAmper LLP as accountant and Donlin, Recano & Company, Inc. as
claims agent.


NASHEF LLC: Wins Cash Collateral Access Thru Feb. 25
----------------------------------------------------
The U.S. Bankruptcy Court for the District of Massachusetts has
authorized Nashef LLC to use cash collateral on an interim basis
through February 25, 2021.

The Debtor requires the use of cash collateral in order to preserve
its property and the value of its assets.

Hometown Bank, Harvard Funding LLC, the Internal Revenue Service,
the Massachusetts Department of Unemployment Assistance and the
Massachusetts Department of Revenue may assert liens and security
interests in the Debtor's assets.

The Secured Parties assert that the proceeds in the form of cash or
cash equivalents from the collection of any rents or the sale or
other disposition of all or any portion of any other Collateral
constitute and will constitute "cash collateral" as that term is
defined in section 363(a) of the Bankruptcy Code.

The Debtor is authorized to use cash collateral up to the amounts
stated for any line item for the purposes identified in the Budget,
with a 10% variance, or as expressly consented to in advance in
writing by the Secured Parties and the U.S. Trustee.

As adequate protection for the Debtor's use of cash collateral, the
Secured Parties are  granted a continuing postpetition replacement
lien and security interest in all post-petition property of the
estate of the same type against which they held validly perfected
liens and security interest as of the petition Date. The
Replacement Liens will maintain the same priority, validity and
enforceability as the liens on the Collateral, and will be
recognized only to the extent of any diminution in the value of the
Collateral resulting from the use of cash collateral pursuant to
the Order. The validity, enforceability, perfection and priority of
the Replacement liens will not be subject to the "equities of the
case" exception to section 552(b) of the Bankruptcy Code and will
not depend upon filing, recordation or any other act required under
applicable state or federal law, rule or regulation.

A telephonic hearing on the Debtor's continued use of cash
collateral will be held on February 25 at 10:30 a.m.

A copy of the Order and the Debtor's budget to actual through
December 31, 2021 is available at https://bit.ly/36MDGmP from
PacerMonitor.com.

                          About Nashef LLC

Nashef LLC, a privately held company in Fitchburg, Mass.

Nashef LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Mass. Case No. 20-40199) on Feb. 6, 2020. In the
petition signed by Eyad Nashef, manager, the Debtor disclosed $170
in assets and $1,559,000 in liabilities.

Judge Christopher J. Panos oversees the case.

The Debtor is represented by James P. Ehrhard, Esq. at Ehrhard &
Associates, P.C.



NATIONAL RIFLE ASSOCIATION: Agrees to Delay Matters for Committee
-----------------------------------------------------------------
Law360 reports that the National Rifle Association (NRA) agreed to
delay consideration of some final orders in its Chapter 11 case
Wednesday, telling a Texas bankruptcy judge that the official
committee of unsecured creditors in the case needs time to get up
to speed in the case.

During a second-day hearing, debtor attorney Patrick J. Neligan Jr.
of Neligan LLP said the debtor had made significant progress in the
administration of its Chapter 11 case, including preparing its
schedules of assets and statements of financial affairs and
negotiating with creditors and vendors.  But since the creditors'
committee was only appointed Feb. 4, 2021, the organization agreed
to delay certain matters for the committee.

Hearings on the Debtors' motions have been reset to Feb. 24, 2021.

               About the National Rifle Association

Founded in 1871 in New York State, the National Rifle Association
of America is a gun rights advocacy group.  The NRA claims to be
the longest-standing civil rights organization and has more than
five million members.

Seeking to move its domicile and principal place of business to
Texas amid lawsuits in New York, National Rifle Association of
America sought Chapter 11 protection (Bankr. N.D. Tex. Case No.
21-30085) on Jan. 15, 2021.  Affiliate Sea Girt LLC simultaneously
sought Chapter 11 protection (Case No. 21-30080).

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

The Hon. Stacey G. Jernigan is the case judge.  

NELIGAN LLP, led by Patrick J. Neligan, Jr., is the Debtors'
counsel.


NATIONAL RIFLE: Seeks to Hire Brewer Attorneys as Special Counsel
------------------------------------------------------------------
The National Rifle Association of America and Sea Girt LLC seek
approval from the U.S. Bankruptcy Court for the Northern District
of Texas to hire Brewer, Attorneys & Counselors as their special
counsel.

The firm will provide these services:

     a. advice in certain pending legal proceedings, along with any
additional matters that arise out of or relate to pre-bankruptcy
litigation;

     b. advice regarding the investigation of the Debtors by the
New York State Office of the Attorney General;

     c. advice with regard to the Debtors's potential claims
against certain departed executives, former counsel, and other
former fiduciaries believed by the Debtors to have breached their
duties to the Debtors or committed other wrongful acts;

      d.advice regarding compliance with the laws and regulations
governing charitable and non-profit organizations;

     e. advice with regard to issues arising under state corporate
law that may affect or relate to Debtors' reorganization including,
but not limited to, fiduciary duties and corporate forms;

      f. advice with regard to potential actions by state, federal,
or other authorities, including legislative committees, concerning
matters discussed and alleged in: (i) the United States Senate
Committee on Finance Minority Staff Report, titled The Debtors and
Russia, released in September 2019; (ii) certain letter requests
directed to the Debtors by Democratic members of the House Ways and
Means Committee, Senate Finance Committee, and House Judiciary
Committee commencing in Spring 2019; or (iii) other government
inquiries and investigations;

     g. advice regarding civil, administrative, and commercial
aspects of affinity insurance, including, without limitation: (i)
the Debtors's rights and obligations under that certain Consent
Order between the Debtors and the New York State Department of
Financial Services effective  Nov. 18, 2020; and (ii) any
additional matters which may arise from the affinity-insurance
investigation conducted by DFS during the period from 2017 to
2020;

      h. advice regarding corporate insurance coverage and coverage
for officers and directors;

     i. advice regarding media coverage and media outreach,
including claims and defenses related to publicity torts and
confidentiality obligations and strategic public affairs and
communications services; and

     j. assist the Debtors' bankruptcy counsel, to facilitate the
efficient handling of matters in these Cases that implicate the
counsel's institutional knowledge and prepetition work.

The firm will be paid at these rates:

     Founding Partner, William A. Brewer III  $1,400 per hour
     Partner                                 $700 - $900 per hour
     Associate                               $275 - $600 per hour
     Consultant/Analyst                      $250 - $725 per hour
     Investigator                            $250 - $350 per hour
     Public Affairs                          $375 - $800 per hour

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, the
Brewer disclosed that:

     -- it has agreed not to seek fees for its professionals' time
in excess of $100,000;

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

     -- the firm's rates has not changed post-petition.; and

     -- the firm has approved a staffing and budgeting plan
covering the first 90-day period after the filing of the Chapter 11
cases.

Michael Collins, Esq., a partner at Brewer, disclosed in a court
filing that the firm neither holds nor represents an interest
adverse to the Debtors or their estates.

The firm can be reached through:

     Michael J. Collins, Esq.
     Brewer, Attorneys & Counselors
     1717 Main St #5900
     Dallas, TX 75201
     Phone: +1 214-653-4000

          About The National Rifle Association of America

Founded in 1871 in New York State, the National Rifle Association
of America is a gun rights advocacy group. The NRA claims to be the
longest-standing civil rights organization and has more than five
million members.

Seeking to move its domicile and principal place of business to
Texas amid lawsuits in New York, National Rifle Association of
America sought Chapter 11 protection (Bankr. N.D. Texas Case No.
21-30085) on Jan. 15, 2021.  Affiliate Sea Girt LLC simultaneously
sought Chapter 11 protection (Case No. 21-30080).

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

Judge Harlin Dewayne Hale oversees the case.  

Neligan LLP, led by Patrick J. Neligan, Jr., is the Debtors' legal
counsel.  The Debtors tapped Brewer, Attorneys & Counselors as
their special counsel.


NATIONAL RIFLE: Seeks to Hire Neligan LLP as Legal Counsel
----------------------------------------------------------
The National Rifle Association of America and Sea Girt LLC seek
approval from the U.S. Bankruptcy Court for the Northern District
of Texas to hire Neligan LLP as their legal counsel.

The firm's services include:

     (a) advising the Debtors' management and officers of their
rights, powers and duties;

     (b) advising the Debtors' management and officers on issues
involving operations, potential sales of assets, and possible
financing options;

     (c) negotiating documents, preparing pleadings, and
representing the Debtors at hearings related to those matters;

      (d) taking all necessary actions to protect and preserve the
Debtors' estates, including prosecuting certain litigation on the
Debtors' behalf, investigating claims of the Debtors, defending the
Debtors, if necessary, in actions, litigation, hearings or motions
commenced against them, negotiating disputes in which the Debtors
are involved, and preparing objections to claims filed against the
estate;

     (e) preparing legal papers;

     (f) negotiating and drafting documents relating to
debtor-in-possession financing or use of cash collateral and
attending any hearings on such matters, preparing discovery and
responding to discovery served on the Debtors, responding to
creditor inquiries and information requests, attending the initial
debtor interview and the Section 341 creditors' meeting, and
representing the Debtors in meetings and negotiations with
creditors or any committee appointed by the U.S. trustee;

     (g) advising the Debtors in connection with their
restructuring effort;
  
     (h) drafting, negotiating and pursuing confirmation a plan of
reorganization, disclosure statement and all related transaction
documents; and

     (i) other necessary legal services.

Neligan attorneys' rates range from $525 to $725 per hour while the
rate for paralegals is $150 per hour.

The firm's attorneys and paralegal who are expected to represent
the Debtors are:

     John D. Gaither         $525 per hour
     Douglas J. Buncher      $625 per hour
     Patrick J. Neligan, Jr. $725 per hour
     Ruth Clark              $150 per hour

The Debtors paid Neligan a retainer in the amount of $1 million.

Neligan is a "disinterested person," as defined in Section 101(14)
of the Bankruptcy Code, according to court papers filed by the
firm.

The firm can be reached through:

     Patrick J. Neligan, Jr., Esq.
     John D. Gaither, Esq.
     Neligan LLP
     325 N. St. Paul, Suite 3600
     Dallas, TX 75201
     Phone: 214-840-5300
     Email: pneligan@neliganlaw.com
            jgaither@neliganlaw.com

          About The National Rifle Association of America

Founded in 1871 in New York State, the National Rifle Association
of America is a gun rights advocacy group. The NRA claims to be the
longest-standing civil rights organization and has more than five
million members.

Seeking to move its domicile and principal place of business to
Texas amid lawsuits in New York, National Rifle Association of
America sought Chapter 11 protection (Bankr. N.D. Texas Case No.
21-30085) on Jan. 15, 2021.  Affiliate Sea Girt LLC simultaneously
sought Chapter 11 protection (Case No. 21-30080).

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

Judge Harlin Dewayne Hale oversees the case.  

Neligan LLP, led by Patrick J. Neligan, Jr., is the Debtors' legal
counsel.  The Debtors tapped Brewer, Attorneys & Counselors as
their special counsel.


NEW CAFE: Court Conditionally Approves Disclosure Statement
-----------------------------------------------------------
Judge Nancy Hershey Lord has entered an order conditionally
approving the Disclosure Statement of New Cafe Minutka, Inc. d/b/a/
as Home Made Cooking Cafe, and setting a telephonic hearing for
March 16, 2021 at 3:30 p.m. to consider final approval of the
Disclosure Statement and confirmation of the Plan.

March 11, 2021, is fixed as the last day for filing a certification
of balloting and an affidavit in support of confirmation of the
Plan.  All ballots voting in favor of or against the Plan are to be
submitted so as to be actually received by counsel for the Debtor
on or before March 9, 2021.  March 9, 2021, is fixed as the last
day for filing and serving written objections to the final approval
of the Disclosure Statement or confirmation of the Plan.

New Cafe Minutka submitted a Fourth Amended Disclosure Statement.

The largest creditors in the case are two (2) FLSA claims, which
will be paid in accordance with settlement terms reached by the
parties in full settlement of all claims, upon the Effective Date
of the Plan.  The agreed upon amount of $72,300.00 will be paid in
full, in the following manner: The unsecured priority portion of
the (2) two claims in the amount of $27,300.00 will be paid in
full, together with the statutory rate of interest, in sixty (60)
equal monthly payments of $257.59 commencing on the Effective Date
of the Plan.

The settled unsecured portion of the claim in the amount of $45,000
will be paid in the following manner: the down payment of $30,000
will be paid in one lump sum payment on the Effective Date of the
Plan, the remaining $15,000 will be paid in 30 equal monthly
payments of $500., with a first payment commencing one month after
the lump sum payment is made.

The Plan will be financed from contribution from, ongoing business
income, funds accumulated in the Debtor in Possession bank account
of the Debtor, as well as the contribution of Olga Pletnitskaya,
from personal funds, in the total amount equivalent to the business
value of the time of the Plan filing, in monthly payments and funds
contributed by A&J Investment Group, in accordance with the terms
of the investment agreement, which was presented for approval to
the Court, with payments commencing on the Effective Date of the
Plan.

A full-text copy of the Order dated February 8, 2021, is available
at https://bit.ly/2NhYgEQ from PacerMonitor.com at no charge.

A full-text copy of the Fourth Amended Disclosure Statement dated
February 3, 2021, is available at https://bit.ly/3d6uzB8 from
PacerMonitor.com at no charge.

Attorney for the Debtor:

     ALLA KACHAN, ESQ.
     3099 Coney Island Ave, 3rd Floor
     Brooklyn, NY 11235
     Tel: (718) 513-3145
     Fax: (347) 342-315
     E-mail: alla@kachanlaw.com

                     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.


NORTHWEST FIBER: Moody's Rates New $300MM Unsecured Notes 'Caa1'
----------------------------------------------------------------
Moody's Investors Service has assigned a Caa1 to Northwest Fiber,
LLC's proposed $300 million senior unsecured notes due 2028. The
net proceeds from the new unsecured notes will be used in
conjunction with the company's new Ba3 rated $500 million first
lien senior secured term loan B due 2027 to fully refinance the
company's existing $787 million term loan B due 2027. All other
ratings including the company's B2 corporate family rating, Caa1
rating on the company's existing $250 million senior unsecured
notes due 2028 and stable outlook are unchanged.

Assignments:

Issuer: Northwest Fiber, LLC

Senior Unsecured Regular Bond/Debenture, Assigned Caa1 (LGD5)

RATINGS RATIONALE

Northwest Fiber's B2 CFR reflects governance considerations,
specifically Moody's expectation that the company's financial
policy includes a significant capital investing strategy to gain
market share through telecom infrastructure upgrades which Moody's
expects will result in debt leverage increasing to a peak level of
4.2x in 2021 on a Moody's adjusted basis. The company's credit
profile also reflects its modest scale, secular pressures in legacy
copper-based portions of its ILEC network as evidenced by
multi-year declines in revenue due to voice and DSL customer
attrition, and the presence of large-scale cable and telecom
companies providing competitive services to residential and
commercial customers across its markets.

These weaknesses are offset by the expected higher population
growth in Northwest Fiber's pacific northwest markets versus the US
average and more compelling fiber overlay economics given the
company's footprint concentration in relatively dense, high income
suburbs. The company has an existing core fiber network that serves
about 30% of premises out of about 1.7 million premises passed.
Northwest Fiber plans to upgrade another nearly 900,000 premises to
fiber (approximately 75% of the premises currently served by copper
infrastructure). Of this nearly 900,000 to be upgraded premises,
about 330,000 premises, or 20% of all premises, are located within
200 feet of Northwest Fiber's existing fiber network and available
for fiber-to-the-premise (FTTP) upgrades with relatively short
payback periods. Northwest Fiber also believes it can upgrade the
remaining approximately 570,000 premises at attractive returns on
invested capital. Northwest Fiber benefits from a management team
with extensive experience operating broadband-centric businesses
and building and upgrading fiber network infrastructure. In
addition to achieving steady penetration growth through its
pre-funded buildout activity, Northwest Fiber has the potential to
improve upon previously undermanaged legacy fiber operations and
raise low ARPUs and expand currently weak 28% broadband penetration
levels to fair share levels of near 40% by 2026.

Northwest Fiber's network is comprised of about 42,000 owned route
miles and includes 8,900 fiber miles and 34,000 copper miles, as
well as 130 network hub locations. The company's physical network
locations include 208 central offices and over 1,100 remote site
units. The company's four state-based markets -- Washington,
Oregon, Idaho and Montana -- are interconnected through a multi-100
GB/s network utilizing owned and leased fiber connections. In about
95% of its markets, Northwest Fiber faces no more than one
competitor comprised of either a cable or telecom operator. The
company expects to be the only provider of FTTP broadband in its
markets upon completion of its fiber buildout and upgrades. About
1/3rd of the company's capital spending over the next 5-6 years
will be upgrade and expansion related, with around 50% tied to
success-based FTTP customer installations. Any footprint expansion
or tuck-in acquisitions would be contiguous to the existing
footprint.

Moody's expects Northwest Fiber to have good liquidity over the
next 12 months. The company's $100 million revolving credit
facility remains undrawn and balance sheet cash pro forma for this
refinancing activity is estimated to be $313 million as of December
31, 2020. For 2021, Moody's forecasts Northwest Fiber generating
negative free cash flow of about $160 million after accounting for
high capital spending of about 60% of revenue. The revolver
contains a springing maximum first lien net leverage covenant of 5x
to be tested when 35% or more of the revolver is outstanding at the
end of each quarter.

The stable outlook reflects Moody's view that Northwest Fiber
benefits from fully planned and pre-funded capital investing
actions to upgrade networks, and that leverage (Moody's adjusted)
will peak at slightly above 4x during an upfront-loaded buildout
planned over the next two years.

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

Given the company's current competitive positioning and network
upgrade execution risks, upward pressure is limited but could
develop should Northwest Fiber's Moody's adjusted debt/EBITDA
decrease to below 4x on a sustainable basis on the back of a
successful implementation of the company's strategy to increase
penetration across its existing footprint and grow EBITDA. An
upgrade would also require the company to maintain a good liquidity
profile.

Downward pressure on the rating could arise should Moody's adjusted
debt/EBITDA increase above 5x on a sustained basis or should the
company's liquidity deteriorate or should execution of its growth
strategy materially slow below budgeted expectations.

The principal methodology used in these ratings was
Telecommunications Service Providers published in January 2017.

Headquartered in Kirkland, Washington, Northwest Fiber operate a
copper and fiber communications network, passing 1.7 million total
premises consisting of residential premises, located mainly in high
density markets in Washington, Oregon, Idaho and Montana as well as
commercial premises, located primarily in Washington and Oregon.


ONEX TSG: Moody's Rates New First Lien Loans 'B2', Outlook Stable
-----------------------------------------------------------------
Moody's Investors Service assigned B2 ratings to Onex TSG
Intermediate Corp.'s ("Onex TSG", doing business as SCP Health)
proposed senior secured first lien revolver and term loan maturing
in 5 years and 7 years respectively. Moody's also affirmed the
company's B2 Corporate family Rating and changed the outlook to
stable from negative.

Onex TSG will use the funds raised from the proposed $530 million
senior secured first lien term loan, along with a portion of
existing cash, to fully repay its existing first lien term loan
(due 2022) and the second lien term loan (due 2023). The company
expects that the new revolver will be undrawn at the close of the
transaction.

The change of outlook to stable from negative reflects a
combination of improving business performance, the extension of
maturity of the company's debt and a moderate reduction of total
debt.

The affirmation of B2 CFR reflects Moody's expectations of a
gradual recovery of the company's business volumes after
experiencing a severe decline in the second quarter of 2020 due to
coronavirus pandemic. The rating affirmation also reflects Moody's
view that the company's debt/EBITDA will decline to less than 6.0x
in 2021 as business volumes recover. The company will maintain very
good liquidity profile in the next 12- 18 months with sustained
positive free cash flow and access to an undrawn $88.75 million
revolving credit facility.

Following ratings were assigned:

Onex TSG Intermediate Corp.

  Proposed $88.75 million revolving credit facility expiring in
  2026 at B2 (LGD4)

  Proposed $530 million first lien term loan due in 2028 at
  B2 (LGD4)

Following ratings were affirmed:

Onex TSG Intermediate Corp.

  Corporate Family Rating at B2

  Probability of Default Rating at B2-PD

Following ratings will be withdrawn when the proposed refinancing
transaction closes:

  $75 million revolving credit facility expiring in 2022 at
  B1 (LGD3)

  $530 million first lien term loan due in 2022 rated B1 (LGD3)

  $135 million second lien term loan due in 2023 rated Caa1 (LGD6)

Outlook action:

Onex TSG Intermediate Corp.

The outlook changed to stable from negative

RATINGS RATIONALE

The B2 Corporate Family Rating reflects Onex TSG's market position
as the third-largest emergency department physician staffing
company and its resulting exposure to bad debt expense, and the
evolving regulatory and reimbursement environment. Moody's expects
that the recent spike in the company's leverage due to the impact
of coronavirus pandemic is temporary and it will fall below 6.0
times by the end of 2021. Onex TSG's debt/EBITDA was approximately
6.8 times at the end of September 30, 2020, which included the
coronavirus impact on LTM basis. The company's heavy reliance on
emergency medicine and its heavy presence in southern states (where
COVID-19 cases spiked recently) are risks to the rating. Onex TSG's
rating is supported by good customer diversity, favorable
healthcare services outsourcing market trends, very good liquidity
and a solid track record of integrating acquisitions.

Moody's regards the coronavirus outbreak as a social risk under its
ESG framework, given the substantial implications for public health
and safety. In addition, as a provider of emergency room staffing
to hospitals, Onex TSG faces high social risk. The No Surprise Act,
which was signed into law in December 2020, will take the patient
out of the provider-payor dispute. The inability to bill
out-of-network patients for amounts over in-network rates will
impact those companies that have sizeable out-of-network revenues.
The extent to which each company will get impacted will depend on
the percentage of out-of-network patients they treat and their
specific billing and collections practices, including how often
they balance bill and how aggressively they pursue collecting these
balances. The company's financial policies are expected to remain
aggressive reflecting its ownership by a private equity investor
(Onex Partners Manager LP).

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

The ratings could be upgraded if the company sustains its revenue
growth, which would be evidenced by its stable market share in
consolidating market. Quantitatively, if the company's debt to
EBITDA was sustained below 4.5 times, along with consistent
positive free cash flow, the ratings could be upgraded.

The ratings could be downgraded if the company experiences a
reduction in reimbursement rates or unfavorable payor mix shift
such that the company's operating profits deteriorate or if credit
metrics weaken for any reason. Quantitatively, ratings could be
downgraded if debt to EBITDA is expected to be sustained above 6.0
times.

Following are some of the preliminary credit agreement terms, which
remain subject to market acceptance.

The proposed first lien term loan is expected to have no financial
maintenance covenants while the proposed revolving credit facility
will, beginning with the second full fiscal quarter following
closing, 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 $112 million and 100%
consolidated EBITDA, plus an additional amount subject to either a
4.5x first lien secured net leverage ratio (pari passu secured
debt), 5.5x secured net leverage ratio (junior secured debt), or
either 6.0x total net leverage ratio or the Interest Coverage Ratio
is greater than or equal to 2.0x (unsecured or secured by
non-collateral). Alternatively, the ratio tests can all be
satisfied so long as leverage does not increase, or interest
coverage does not decrease on a pro forma basis if incurred in
connection with a permitted acquisition or investment. The credit
facility also includes provisions allowing Permitted Early Maturity
Indebtedness up to the greater of $112.0 million and 100% of
EBITDA. The credit agreement will have "blocker" provisions that
prohibit the transfer of any material intellectual property to an
existing unrestricted subsidiary, on top of the covenant
carve-outs, to limit collateral leakage through transfers of assets
to unrestricted subsidiaries. Only wholly-owned subsidiaries must
provide guarantees, raising the risk of potential guarantee release
if subsidiary guarantors cease to be wholly-owned. There are
leverage-based step-downs in the asset sale prepayment requirement
to 50% and 0% if the First Lien Leverage Ratio is equal to or less
than 4.0x and 3.5x, respectively.

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

Headquartered in Atlanta, GA, Onex TSG Intermediate Corp., doing
business as SCP Health (formerly Schumacher Clinical Partners), is
a national provider of integrated emergency medicine, hospital
medicine services and healthcare advisory services. SCP Health
operates in 30 states with roughly 1,700 employees and 7,000
clinicians. Onex TSG's net revenue is approximately $1.4 billion.
Onex TSG is owned by private equity sponsor Onex Partners Manager
LP through the parent holding company - Clinical Acquisitions
Holdings LP.


ORTHO-CLINICAL DIAGNOSTICS: Moody's Hikes CFR to B1 on Repayment
----------------------------------------------------------------
Moody's Investors Service upgraded Ortho-Clinical Diagnostics SA's
Corporate Family Rating to B1 from B3 and the Probability of
Default Rating to B1-PD from B3-PD. Moody's also upgraded the
ratings on the senior secured credit facilities to Ba3 from B2 and
the senior unsecured notes to B3 from Caa2. In addition, Moody's
assigned a Speculative Grade Liquidity Rating of SGL-1. The outlook
is stable.

The B1 Corporate Family Rating reflects the repayment of
approximately $1.4 billion in debt with net proceeds from the
January 2021 IPO of Ortho Clinical Diagnostics Holdings plc.
Moody's-adjusted Debt/EBITDA declined from approximately 8.0x as of
December 31, 2020 to approximately 5.5x. Following the IPO, Moody's
expects Ortho's financial policies will balance shareholder and
creditor interests, and Moody's-adjusted debt to EBITDA will
decline to the 4.5-5.0x range over the next 12-18 months. Some
governance risks remain, however, as its private-equity owners
still hold a majority of the outstanding shares. The B1 CFR also
reflects Moody's expectations that the company's free cash flow
generation will materially improve as a result of lower cash
interest costs.

The assignment of the SGL-1 Speculative Grade Liquidity Rating
reflects Moody's expectations that Ortho will maintain very good
liquidity. The company has in excess of $100 million of cash on
hand and Moody's expects free cash flow will exceed $150 million in
the next 12 months. The company also has access to a recently
upsized $500 million revolver due 2026 which is largely undrawn
outside of letters of credit. The company is subject only to a
springing covenant on its revolving credit facility with ample
headroom even if tested.

Ratings upgraded:

Ortho-Clinical Diagnostics SA

Corporate Family Rating upgraded to B1 from B3

Probability of Default Rating upgraded to B1-PD from B3-PD

Senior secured bank credit facility to Ba3 (LGD3) from B2 (LDG3)

Senior unsecured notes to B3 (LGD5) from Caa2 (LGD5)

Rating assigned:

Speculative Grade Liquidity Rating of SGL-1

Outlook action:

Outlook, remains Stable

RATINGS RATIONALE

The B1 Corporate Family Rating reflects Ortho's high financial
leverage, even after the deleveraging associated with the IPO.
Moody's estimates that Ortho's pro forma debt to EBITDA was
approximately 5.5x as of December 31, 2020. The rating also
reflects the strong competitive nature of Ortho's two key
businesses -- Clinical Laboratories and Transfusion Medicine -- in
which Ortho competes against significantly larger and better
capitalized competitors, like Abbott and Roche. The ratings are
supported by Ortho's good diversity by customer, product and
geography. The recurring nature of approximately 90% of the
company's revenues that are generated from the sale of consumables
and reagents provides a level of stability to Ortho's operations.
In the longer-term, Ortho is positioned to grow earnings through
achieving further cost efficiencies and increasing penetration in
emerging markets.

The stable outlook reflects Moody's expectation that Ortho's
operating performance will be supported by low-to-mid single digit
organic growth and some margin improvement over the next 12-18
months.

Medical device companies face moderate environmental risk. However,
they regularly encounter elevated elements of social risk,
including responsible production as well as other social and
demographic trends. Risks associated with responsible production
include compliance with regulatory requirements for safety of
medical devices as well as adverse reputational risks arising from
recalls, safety issues or product liability litigation. Medical
device companies will generally benefit from demographic trends,
such as the aging of the populations in developed countries. That
said, increasing utilization may pressure payors, including
individuals, commercial insurers or governments to seek to limit
use and/or reduce prices paid. Moody's believes the near-term risks
to pricing are manageable, but rising pressures may evolve over a
longer period.

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

Ratings could be upgraded if the company continues to demonstrate
balanced financial policies and improving credit metrics.
Quantitatively, ratings could be upgraded if debt/EBITDA is
sustained below 4.5x.

Ratings could be downgraded if financial policies become more
aggressive or if the company's operating performance weakens.
Quantitatively, ratings could be downgraded if debt/EBITDA is
sustained above 5.5x.

Ortho-Clinical Diagnostics produces in-vitro diagnostics equipment
and associated assays and reagents. Ortho's largest segment,
Clinical Laboratories, develops clinical chemistry and immunoassay
tests, targeting primarily small and medium-sized hospitals. The
company's Immunohematology products are used by blood banks and
hospitals to determine patient-donor compatibility in blood
transfusions. Ortho also develops and markets equipment and assays
for blood and plasma screening for infectious diseases. The
company's revenues are approximately $1.7 billion. Ortho is
majority-owned by the Carlyle Group.

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



P8H, INC: Gets Access to Cash Collateral Thru March 14
------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York has
authorized Megan E. Noh, the Chapter 11 Trustee of P8H, Inc. d/b/a
Paddle8, to use cash collateral on an interim basis through March
14, 2021.

The court finds and concludes that the Debtor's continued use of
the Cash Collateral on an interim basis pending a further interim
hearing is necessary to prevent immediate and irreparable harm to
the Debtor's estate in that, without authorization to use the Cash
Collateral, the case trustee's ability to attempt to preserve and
maximize its value will be impossible.

The Trustee is authorized to use the Cash Collateral on an interim
basis in an amount up to an aggregate of $18,388, for budgeted
expenses to be incurred during the interim period.

As adequate protection to FBNK Finance S.à.r.l., as assignee of
Stockaccess Holdings SAS -- for the Trustee's further interim use
of property that the Lender has asserted to be cash collateral
covered by its alleged security interest and prepetition lien --
the Lender is granted (i) a replacement lien on the Debtor's
post-petition assets; (ii) a lien in avoidance actions that may be
commenced on behalf of the Debtor's estate and any other litigation
recoveries that the Debtor's estate may realize; and (iii) an
administrative expense pursuant to 11 U.S.C. section 507(b) to the
extent of diminution in value, subject to the rights of the Trustee
and the Committee to challenge the extent, validity and priority of
the Lender's security interest and alleged lien, except for the
Adequate Protection Rights.

In accordance with prior orders entered by the Court in the case,
the Trustee will segregate and continue to hold from the Debtor's
cash on hand the amount of $260,447 related to claims alleged by
Rema Hort Mann Foundation, Penumbra Foundation, The New American
Cinema Group, Inc., The Shawn Carter Foundation, the UN Women
National Committee UK, and Counseling In Schools, Inc. that certain
funds held by the Debtor belong to such entities pursuant to New
York's Art and Cultural Affairs Law.  

A telephonic hearing on the Debtor's use of cash collateral will be
held no later than March 11.

A copy of the order is available at https://bit.ly/2Z3p7H4 from
PacerMonitor.com.

                  About P8H, Inc. d/b/a Paddle8

Paddle8 was founded in 2011 by Alexander Gilkes, Aditya Julka, and
Osman Khan.  It is one of the first online auction house that
specialized in the art world's "middle market."  It announced a
high-profile merger with the Berlin-based online auction house
Auctionata in 2016, but the partnership was dissolved in 2017 when
Auctionata filed for insolvency.

P8H, Inc., doing business as Paddle 8, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
20-10809) on March 16, 2020.  At the time of filing, the Debtor was
estimated to have assets of less than $50,000 and liabilities of
between $50,001 and $100,000.

Judge Stuart M. Bernstein oversees the case.
  
The Debtor is represented by Kirby Aisner & Curley, LLP.

Megan E. Noh is the Debtor's Chapter 11 trustee.  The Trustee is
represented by Pryor Cashman, LLP.

FBNK Finance S.a.r.l., as lender, is represented by Jonathan I.
Rabinowitz, Esq., at Rabinowitz, Lubetkin & Tully, LLC.


PACIFIC LINKS: Makaha Valley Country Club in Chapter 11
-------------------------------------------------------
Janis L. Magin  of Pacific Business News reports that Pacific Links
US Holdings Inc., doing business as Makaha Valley Country Club,
filed for Chapter 11 bankruptcy on Feb. 1, 2021 along with seven
other entities associated with the 236 acres known as the Makaha
Valley Country Club and golf course and the 258-acre West Course,
which is closed.

An entity owned by Pacific Links International, which two years ago
hired Tiger Woods to design his first Hawaii golf course at Makaha
Valley Resort, owes creditors more than $600 million according to
two foreclosure lawsuits and will seek to sell the hundreds of
acres it owns in Leeward Oahu as part of Chapter 11 bankruptcy
protection.

The company's Honolulu-based attorney, Chuck Choi, said Pacific
Links would seek to sell the all 644 acres of the property.

"We intend to sell the land," he said. "It really should be sold as
part of one transaction."

Pacific Links' Canada-based owner, Du Sha, announced in April 2019
plans to spend hundreds of millions of dollars to redevelop the
Makaha Valley Resort, with Woods’ TGR Design designing one golf
course, and Gil Hanse of Hanse Golf Course Design designing the
other, along with a clubhouse, restaurants and other amenities on
644 acres. Stanford Carr Development, which has been attached to
the project for five years, was to have developed 494 single-family
homes and 152 condominium units there. Plans to redevelop the
Makaha lands were first announced in 2015 and then 2016.

Then about a year ago, Pacific Links listed the land for sale with
CBRE no asking price, citing economic pressure in China.

On March 18, 2020 after the Covid-19 pandemic arrived in Hawaii,
Kehalani Commercial Associates LLC, which is owned by Towne
Development of Hawaii Inc. and its Milwaukee-based parent, Zilber
Ltd., filed for foreclosure over two 2015 mortgages totaling $8.78
million, according to the complaint.  A 1st Circuit Court judge in
November granted the foreclosure and appointed a commissioner to
sell the property.

The commissioner then recused himself and the court granted an
order to appoint a new commissioner, but any effort on the part of
a commissioner to sell the land was put on hold last week by the
Chapter 11 filing.

On Jan. 21, 2021 a second foreclosure was filed by a Chinese hedge
fund called Tianjin Dinhui Hongjun Equity Investment Partnership,
which had loaned about $600 million to Tianjin Kapolei Business
Information Consultancy Co. Ltd. in December 2019 for mortgages on
the Makaha Resort parcels, according to court documents.

The Chapter 11 filing lists eight unsecured creditors in China, and
several more listed without addresses, as "disputed."

According to court documents, Pacific Links’ president, Wei Zhou,
has offered to lend Pacific Links up to $250,000 in
debtor-in-possession financing.

According to minutes from a Feb. 3, 2021 hearing, the next hearing
on the case is scheduled for Feb. 22, 2021.

                About Pacific Links US Holdings

Pacific Links US Holdings, Inc. is a golf club that offers global
reciprocal programs to members and participating clubs.

It sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Hawaii Case No. 21-00094) on Feb. 1, 2021.  Wei Zhou,
director, signed the petition.

At the time of the filing, the Debtor estimated assets of between
$50,000 and $100,000 and liabilities of between $50 million and
$100 million.

Choi & Ito is the Debtor's legal counsel.





PEMBINA PIPELINE: DBRS Finalizes BB (High) Rating on Sub Notes
--------------------------------------------------------------
DBRS Limited finalized its provisional rating of BB (high) with a
Stable trend on the Fixed-to-Fixed Rate Subordinated Notes, Series
1 of $600 million due January 25, 2081, issued by Pembina Pipeline
Corporation.

The Issuer intends to use the net proceeds from the sale of the
Subordinated Notes to redeem or repurchase the Company's
outstanding cumulative redeemable minimum rate reset Class A
Preferred Shares, Series 11, and its cumulative redeemable minimum
rate reset Class A Preferred Shares, Series 13, to repay other
outstanding indebtedness, as well as for general corporate
purposes.

Notes: All figures are in Canadian dollars unless otherwise noted.



PENNYMAC FINANCIAL: Moody's Upgrades Sr. Unsecured Bond to B1
-------------------------------------------------------------
Moody's Investors Service has upgraded the senior unsecured bond
rating of PennyMac Financial Services Inc. (PFSI) and the issuer
rating of PFSI's subsidiary, Private National Mortgage Acceptance
Co, LLC. (Private National), to B1 from B2. In addition, Moody's
has affirmed the Ba3 corporate family rating of PFSI, and has
revised the outlooks to positive from stable for both Private
National and PFSI.

Moody's also has assigned a B1 senior unsecured bond rating to
PFSI's announced $500 million unsecured debt issuance maturing in
2029.

Issuer: PennyMac Financial Services Inc.

LT Corporate Family Rating, Affirmed Ba3

Senior Unsecured Regular Bond/Debenture, Upgraded to B1 from B2

Senior Unsecured Regular Bond/Debenture, Assigned B1

Issuer: Private National Mortgage Acceptance Co, LLC

LT Issuer Rating, Upgraded to B1 from B2

Outlook Actions:

Issuer: PennyMac Financial Services Inc.

Outlook, Changed To Positive From Stable

Issuer: Private National Mortgage Acceptance Co, LLC

Outlook, Changed To Positive From Stable

RATINGS RATIONALE

The upgrade of PFSI's senior unsecured rating and Private
National's issuer rating to B1 from B2 reflects the companies'
reduced reliance on secured corporate funding in favor of unsecured
funding. The planned issuance of $500 million of senior unsecured
debt maturing in 2029 will increase the portion of unsecured debt
to total corporate debt to more than 45% from approximately 32.5%,
which will lower the companies' reliance on secured mortgage
servicing rights (MSR) funding facilities and Moody's expects will
materially lower the loss in the event of default on the companies'
senior unsecured obligations.

The outlooks for Private National and PFSI were revised to positive
from stable reflecting Moody's expectation that these companies
will be able to maintain their strong financial performance,
minimize operational risk from past rapid growth, and maintain
solid capital levels while continuing to strengthen their franchise
positioning and improve their liquidity profiles over the next
12-18 months.

PFSI's Ba3 corporate family rating reflects the company's solid
track record of operational performance and a solidifying franchise
position supporting its solid profitability, strong capital levels
and a strengthening funding profile.

The ratings also reflect PFSI's solid and strengthening franchise
in the United States mortgage market as the largest correspondent
mortgage originator in 2020, and a top five overall US residential
mortgage originator with a market share of approximately 5.0% for
2020. The company's historical profitability is strong and has been
exceptionally strong in this robust, low-rate production
environment. Record origination volumes and elevated gain-on-sale
margins have led the company to report very high levels of
profitability, with return on average assets rising to
approximately 7.7% for 2020 from approximately 4.5% for 2019. With
interest rates likely to remain low well into 2021, Moody's expects
very high origination volumes, particularly refinance volumes, to
continue to drive very strong profitability and solid gain-on-sale
margins over the next 12-18 months.

PFSI's capitalization has been strong, with tangible common equity
to tangible managed assets (TCE/TMA) averaging over 20% over the
last several years. As of year-end 2020, the company's tangible
common equity to adjusted tangible managed assets (which excludes
the Ginnie Mae loans eligible from repurchase from the capital
ratio) was approximately 20.0%, a modest decline from approximately
22.5% as of year-end 2019. With strong projected future
profitability, we expect the company's capital ratio to remain
around 20% over the next 12-18 months.

PFSI's funding structure has strengthened with its inaugural
unsecured bond issuance in September 2020. Accessing the unsecured
bond markets diversifies the company's funding profile and reduces
its reliance on secured mortgage servicing right (MSR) funding,
thereby increasing its financial flexibility to tap secured MSR
funding during periods of financial stress. In addition, the
ratings reflect the risks, as well as benefits, associated with the
company's reliance on PennyMac Mortgage Investment Trust (Ba3
negative) as an important funding vehicle and revenue source for
its loan production and loan servicing business.

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

The ratings could be upgraded if PFSI continues to demonstrate its
strong financial performance, whereby Moody's expects that
long-term through the cycle profitability as measured by net income
to average assets will average at least 4.0%. The company would
however need to maintain solid capital levels such as if tangible
common equity to adjusted tangible assets remains around 20.0%, as
well as continue to strengthen its franchise positioning and
maintain unsecured debt at around 50% of total corporate debt.

Given the positive outlook, a ratings downgrade is unlikely over
the next 12-18 months. Negative ratings pressure could occur if
financial performance deteriorates - for example, if net income to
managed assets falls consistently below and is expected to remain
below 3.0% or if leverage increases such that PFSI's tangible
common equity to adjusted assets falls below, Moody's expects it to
remain below 17.5%.

In addition, PFSI's unsecured bond rating and Private National's
issuer rating could be downgraded from B1 to B2 in the event that
the planned $500 million unsecured issuance does not close, or the
portion of unsecured debt to total corporate debt falls and remains
below 45%; under this scenario, Moody's expects the loss on senior
unsecured obligations in the event of default would be materially
higher.

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


PREMIERE JEWELLERY: Wins Cash Collateral Access
-----------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York has
authorized Marjorie E. Kaufman, the chapter 11 trustee of Premiere
Jewellery, Inc. and affiliates, to use cash collateral on an
interim basis in accordance with the budget.

As of the Petition Date, the Debtors are collectively indebted to
Webster Bank in the aggregate amount of not less than $9,897,169,
pursuant to: (i) a revolving loan agreement, dated April 19, 2007,
with Debtors PAW Holdings, Inc. and Tanya Creations, LLC as
borrowers, and Peter Wallick and Debtors Premiere Jewellery, Inc.,
PJT, LLC, and ETYM Properties, LLC as guarantors; (ii) a real
estate loan dated September 26, 2017, with ETYM as borrower, and
Mr. Wallick and the remaining Debtors as guarantors; and (iii) a
term loan dated December 11, 2015, with PAW as borrower, and Mr.
Wallick and the remaining Debtors as guarantors.

The Trustee agrees and acknowledges that, (i) as of the Petition
Date, the Real Estate Collateral secures, pursuant to the Webster
Bank Property Liens, not less than $9,183,536 of the Webster Bank
Obligations under the Real Estate Loan and the Revolving Loan, and
those obligations are legal, valid, binding, and non-avoidable
obligations of the Debtors; (ii) as of the Petition Date, the
Webster Bank Property Liens on the Real Estate Collateral are
valid, binding, duly-perfected, enforceable and nonavoidable, and
are otherwise senior in priority over any and all other liens on
the Real Estate Collateral; and (iii) all proceeds of sale of the
Real Estate Collateral shall constitute Webster Bank's Cash
Collateral on account of the Webster Bank Property Liens.

The Trustee is authorized, but not directed, to sell the Property
on the terms set forth herein, and Webster Bank authorizes the
Trustee's use of the Cash Collateral resulting from the Property
Sale according to the terms set forth in the Order.

The Trustee, on behalf of the Debtors, will retain a Broker on
terms and conditions acceptable to Webster Bank to assist with the
marketing and sale of the Property.

The Trustee, in consultation with the Broker, will develop a plan
for the marketing and sale of the Property, which plan will be
acceptable to Webster Bank in all respects.

Webster Bank will provide a carve-out from the Cash Collateral for
payment of Chapter 11 administrative costs associated with the
Property Sale, including: (i) allowed commissions, fees and
expenses for the Trustee, Trustee's counsel, the Real Estate Legal
Fees and the Broker Commission; (ii) any statutory fees due
pursuant to 28 U.S.C. section 1930 and 37 U.S.C. section 3717;
(iii) tax obligations of Debtor ETYM incurred in connection with
the Property Sale; (iv) reimbursement to the Trustee and/or the
Debtors' estates for any actual, reasonable, and documented
out-of-pocket expenses, if any, incurred by the Trustee related to
the basic maintenance or upkeep of the Property for the period
commencing on the Petition Date through the closing date on the
Property Sale; and (v) any costs incurred by the Trustee or the
Debtors' estates in maintaining insurance on the Property.

The Trustee will cap her fees and statutory commissions in
connection with any sale of the Property at an amount equal to 1.5%
of the Sale Proceeds.  KWJS&S will cap its legal fees in connection
with obtaining Bankruptcy Court approval of any Property Sale at
$35,000.
The Trustee Property Commissions, KWJS&S Property Fees, Real Estate
Legal Fees and Broker Commissions will be paid exclusively from the
Cash Collateral proceeds from the sale of the Property. At the time
of closing, the proceeds from the Property Sale will be distributed
first, to the Trustee Administrative Expenses, including on account
of the Trustee Commission and the KWJS&S Property Fees, any Real
Estate Legal Fees, and any Broker Commission and second, to Webster
Bank in partial satisfaction of the Webster Bank Obligations under
the Real Estate Loan and Revolving Loan.

The Trustee seeks to sell substantially all the assets of Tanya
Creations, LLC and PJT, LLC free and clear of all liens, claims,
interests, and encumbrances. Should Unique Designs, Inc., the
purchaser in the Tanya Asset Sale, require a transition services
agreement or some other form of use and occupancy agreement
involving the continued use of the Property, the Trustee will,
directly or through the use of a property manager acceptable to
Webster Bank, facilitate and supervise any such Occupancy
Arrangement pursuant to terms, if any, acceptable to Webster Bank
in its sole and absolute discretion.

Notwithstanding anything to the contrary in the Stipulation,
adequate protection payments in the aggregate amount of $50,000 as
set forth in the Post-petition Budget for the Debtors' use of the
Property will be timely paid to Webster Bank. Thereafter, adequate
protection payments for the Debtors' use of the Property will be
paid to Webster Bank pursuant to the terms of the Occupancy
Arrangement (if any), to be negotiated by and among the Debtors,
Webster Bank and Unique. Webster Bank reserves and preserves all
rights with respect to adequate protection for the Debtors' use of
the Property.

A copy of the Order is available at https://bit.ly/3rKpDGx from
OmniAgentSolutions.com.

                  About Premiere Jewellery, Inc.

Premiere Jewellery, Inc. and its affiliates design, sell, and
distribute fashion jewelry serving the private label and branded
needs of the retail industry.

On June 25, 2020, Premiere Jewellery and its affiliates
concurrently filed voluntary petitions for relief under Chapter 11
of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 20-11484).
The petitions were signed by Howard A. Moser, chief restructuring
officer.  At the time of filing, Premiere Jewellery disclosed
estimated assets of $10 million to $50 million and estimated
liabilities of the same range.

Judge James L. Garrity oversees the cases. Jeffrey A. Wurst, Esq.,
at Armstrong Teasdale LLP, represents the Debtors as legal
counsel.

On July 17, 2020, the court approved the U.S. trustee's appointment
of Marjorie E. Kaufman as the Debtors' Chapter 11 trustee.  Ms.
Kaufman has tapped Klestadt Winters Jureller Southard & Stevens,
LLP as her legal counsel, Getzler Henrich & Associates LLC as
financial advisor, and DaHui Lawyers as special counsel.



PRIME SCUBA: Seeks Approval to Hire Bankruptcy Attorney
-------------------------------------------------------
Prime Scuba, Inc. seeks approval from the U.S. Bankruptcy Court for
the Eastern District of New York to employ Solomon Rosengarten,
Esq., an attorney practicing in Brooklyn, N.Y., to handle its
Chapter 11 case.

The attorney will render these services:

     a. advise the Debtor regarding its powers and duties in the
continued management of its property;

     b. negotiate with creditors of the Debtor in working out a
plan of reorganization, and take necessary legal steps in order to
confirm such plan;

     c. prepare legal papers and operating reports;

     d. appear before the bankruptcy court and represent the Debtor
in all matters pending in its Chapter 11 proceedings; and

    e. perform all other necessary legal services for the Debtor.

Solomon Rosengarten will be paid based upon its normal and usual
hourly billing rates and will be reimbursed for out-of-pocket
expenses incurred.

Mr. Rosengarten, Esq., disclosed in a court filing that he is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

Mr. Rosengarten can be reached at:

     Solomon Rosengarten, Esq.
     1704 Avenue M
     Brooklyn, NY 11230-5423
     Tel: (718) 627-4460
     Fax: (718) 627-4456
     Email: VOKMA@aol.com

                         About Prime Scuba

Prime Scuba, Inc. filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No.
20-44415) on Dec. 28, 2020.  Goldy Silberstein, chief executive
officer, signed the petition.  At the time of filing, the Debtor
had estimated assets of less than $50,000 and liabilities of
between $1 million and $10 million.

Judge Jil Mazer-Marino presides over the case.  Solomon
Rosengarten, Esq., serves as the Debtor's legal counsel.


PUERTO RICO: Board Reaches Plan Deal with GO & PBA Bondholders
--------------------------------------------------------------
The Financial Oversight and Management Board for Puerto Rico on
Feb. 10, 2021, said it has reached an agreement in principle with
several creditor groups to lower Puerto Rico's debt to sustainable
levels after a successful mediation process.

"Puerto Rico needs to put the debt restructuring behind it as soon
as reasonably possible with an agreement that will be sustainable
for Puerto Rico," said the Oversight Board's Chairman David Skeel.
"What we achieved at this point is a realistic proposal that will
open a path to recovery from bankruptcy, and we informed the U.S.
District Court for the District of Puerto Rico of our agreement."

"It is our goal to file a consensual plan of adjustment for the
Commonwealth of Puerto Rico that includes as many creditors as
possible," Mr. Skeel said.

The Oversight Board asked the court to extend the deadline until an
amended plan of adjustment must be filed from February 10, 2021 to
March 8, 2021.  "With the support of the court-appointed mediation
team, we requested that the court grant more time to continue the
mediation process, set down the agreed terms in a plan support
agreement, and extend support for the agreement across a broad
spectrum of creditor groups for a fair and affordable plan of
adjustment that will enable Puerto Rico's economy to grow and the
people of Puerto Rico to prosper," said the Oversight Board's
Executive Director, Natalie Jaresko.

The Oversight Board reached the agreement with creditors holding
about $7 billion of general obligation and Public Building
Authority (PBA) bonds.  The Oversight Board will make the terms of
the agreement available in short order to allow other parties to
join.

This agreement in principle builds on the Plan Support Agreements
already reached with the Retiree Committee and certain unions.

The Oversight Board continues its efforts to reach a consensual
plan of adjustment with as many parties as possible, including the
Creditors' Committee, unions, Employee Retirement System (ERS)
bondholders, and bond insurers.

In February 2020, the Oversight Board had filed a plan of
adjustment to restructure approximately $35 billion of debt and
other claims against the Commonwealth of Puerto Rico, PBA, and ERS.
In response to the COVID-19, the Oversight Board asked the court to
put that plan on hold to assess the long-term effect of the
pandemic on Puerto Rico.  The Oversight Board and creditors resumed
their mediation last summer.

                       About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70 billion,
a 68% debt-to-GDP ratio and negative economic growth in nine of the
last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III of
2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ('PROMESA').

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21, 2017.  On July 2, 2017, a Title III case was commenced for
the Puerto Rico Electric Power Authority ("PREPA").

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases.  The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that may
be referred to her by Judge Swain, including discovery disputes,
and management of other pretrial proceedings.

Joint administration of the Title III cases, under Lead Case No.
17-3283, was granted on June 29, 2017.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets, as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at
O'Neill & Borges are on-board as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets Inc.
is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent. Prime Clerk
maintains a case web site at
https://cases.primeclerk.com/puertorico

Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA,
and PREPA.

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and chair of a committee to review professionals' fees.


RAM DISTRIBUTION: Unsecureds to Recover 1% in 10 Years
------------------------------------------------------
Ram Distribution Group LLC, d/b/a Tal Depot, filed the First
Amended Chapter 11 Plan and a Disclosure Statement on Feb. 4,
2021.

In the Debtor's opinion, the Plan as proposed provides maximum
value to its creditors.  The Debtor believes that the Plan will
enable Claimants to receive a greater recovery than would be
possible under other alternatives and will provide the only
realistic available means for funding a distribution to unsecured
creditors.

Class 1(A) consists of the Secured Claims of KeyBank, N.A. by
virtue of its UCC-1 liens on all assets of the Debtor securing the
Debtor’s obligations to KeyBank under SBA Loan No. xxx02 dated
October 7, 2015, in the original principal amount of $500,000.
Class 1(B) consists of the Secured Claim of KeyBank by virtue of
its UCC-1 liens on all assets of the Debtor securing the Debtor’s
obligations to KeyBank under SBA Loan No. xxx06 dated November 8,
2016, in the original principal amount of $1,250,000.

The Claims in Class 1(A) and Class 1(B) are being consolidated into
one new note. Thus, the $3,500 payment provided for in Class 1(A)
and in Class 1(B) is one monthly payment in aggregate of $3,500
which will be made on account of both Class 1(A) claims and Class
1(B) claims. KeyBank's Class 1(B) Secured Claim is impaired and,
thus, KeyBank is entitled to vote to accept or reject the Plan on
account of its Class 1(B) Secured Claim.

Class 2 consists of the Secured Claims of the MCA Companies. The
secured status of the Claims within this Class are Disputed, and
the Debtor has or will file a Motion to Value Collateral and object
to the secured status claimed by the MCA Companies. If such motion
is granted and objection is sustained, then the Claims in this
Class will be treated as a Class 5 Claim. If such motion is denied
and objection is overruled, then the Claim in this Class will be
treated in the same manner as Class 1, unless such Creditor
consents to treatment as a Class 5 Creditor.

Class 4 consists of all Allowed General Unsecured Claims of
Creditors in amounts less than $3,500.  This class consists of ten
(10) creditors. Each creditor shall receive 1 % of their claim.
Each claim shall be paid in one lump sum within thirty days of the
Effective Date. Class 4 is impaired and the holders of claims in
Class 4 are entitled to vote to accept or reject the Plan.

Class 5 consists of General Unsecured Claims, including the Claims
of the MCA Companies provided the Debtor prevails on its motions to
value the MCA Claims. The Debtor will make monthly payments in the
amount of $1,175 per month to be shared on a pro-rata basis by
Claimants holding Allowed Unsecured Claims commencing at the
beginning of month 17 following the Effective Date, which at this
juncture is projected to be approximately 1%.

The treatment and consideration to be received by holders of Class
5 Claims shall be in full settlement, satisfaction, release and
discharge of their respective Claims. Based upon the General
Unsecured Claims scheduled by the Debtor, filed by Creditors and
the anticipated deficiency claims, including the MCA Companies, the
Debtor estimates an aggregate pay out on account of Class 5 Allowed
Claims in the amount of one hundred and forty one thousand
($141,000) or a return of approximately one percent (1%) over a ten
year period to such holders of General Unsecured Claims.

Class 6 consists of all Interest Holders of the Debtor.  On the
Effective Date, all Interests in the Debtor shall transfer and
become interests in the Reorganized Debtor for the purpose of
fulfilling the obligations of the Reorganized Debtor under the
Plan; however, the holder of Interests will not receive any
distributions on account of such Interests, unless and until all
Creditors are paid in full in accordance with the Plan.

The funds necessary for the implementation of the Plan shall be
utilized from the revenue generated by the Debtor from its business
operations during the course of this Chapter 11 Case; from the
Debtor's Monthly Net Income over a ten-year period; (3) the
recoveries, if any, from the Preference Actions; (4) the
recoveries, if any from the Special Counsel Litigation.

A full-text copy of the First Amended Disclosure Statement dated
Feb. 4, 2021, is available at https://bit.ly/3tR28x2 from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     SHIRYAK, BOWMAN, ANDERSON, GILL & KADOCHNIKOV, LLP
     Btzalel Hirschhorn, Esq.
     8002 Kew Gardens, Suite 600
     Kew Gardens, NY 11415
     Tel: (718) 263-6800
     Fax: (718) 520-9401
     Email: Bhirschhorn@sbagk.com

                 About Ram Distribution Group

Tal Depot owns and operates an e-commerce website at
https://taldepot.com/ that sells snacks, drinks, groceries,
wellness, and home goods products.

Ram Distribution Group, LLC, d/b/a Tal Depot, filed for Chapter 11
bankruptcy protection (Bankr. E.D.N.Y. Case No. 19-72701) on April
12, 2019.  In the petition signed by CEO Jeremy J. Reichmann, the
Debtor was estimated to have  $100,000 to $500,000 in assets and
$10 million to $50 million in and liabilities.  

Btzalel Hirschhorn, Esq., at Shiryak, Bowman, Anderson, Gill &
Kadochnikov LLP is the Debtor's counsel.  Analytic Financial Group,
LLC, d/b/a Corporate Matters, serves as financial advisors to the
Debtor.


ROBERT ALLEN: Amends List of Property Parcels for Sale
------------------------------------------------------
Robert Allen Auto Group, Inc., the surviving entity under that
certain Plan of Merger dated Feb. 25, 2020, with Robert Allen
Nissan of Helena, Inc. and Allen Family Holdings, L.L.C., filed a
First Amended Disclosure Statement describing its Plan of
Reorganization dated Feb. 4, 2021.

The First Amended Disclosure Statement highlights the real property
("Property") with the address of 300 North 5th Ave., Pocatello,
Idaho, which is the car dealership itself and the accompanying
buildings (such have not already sold through previous motions
filed with the Court) are currently listed for sale and consist of
the following legal descriptions:

     * Parcel 1 - Lots 1 and 2, Block 269, Pocatello Townsite,
Bannock County, Idaho

     * Parcel 2 - Lots 11-15 & South 6' of Lot 16, Block 270,
Pocatello Townsite, Bannock County, Idaho

     * Parcel 3 –Lot 1 and N1/2 of Lot 2, Block 293, Pocatello
Townsite, Bannock County, Idaho

     * Parcel 4 - S1/2 of Lot 2 and Lot 3, Block 293, Pocatello
Townsite, Bannock County, Idaho

      * Parcel 5 - Lots 4 and 5, Block 293, Pocatello Townsite,
Bannock County, Idaho

     * Parcel 6 - Lots 6 thru 10, Block 293, Pocatello Townsite,
Bannock County, Idaho

     * Parcel 7 - Lots 11 and 12, Block 293, Pocatello Townsite,
Bannock County, Idaho

     * Parcel 8 - Lots 1 thru 7, Block 294, Pocatello Townsite,
Bannock County, Idaho

The proceeds from the property will be distributed as provided in
that certain stipulation entered into with NMAC on August 18, 2020,
and the Plan.  There are minimal additional assets which will also
be liquidated consisting of accounts receivable, furniture,
equipment and machinery.

The Plan calls for the controlled and timely liquidation of all
assets over the next months through a series of sales, auctions,
and liquidations.  More specifically, the Plan will call for: (i)
sale of the Debtor's commercial real estate, consisting of 28,961
square feet of commercial buildings on nearly 3 acres; (ii) once
all assets have been sold, Debtor's business will cease to exist.
The proceeds from the sale, auction, or surrender of assets will be
applied as provided, but generally to lienholders in order of lien
priority in specific collateral and then to administrative,
priority and general unsecured creditors.

The value of the distributions after liquidation, deduction of
costs of liquidation, and in keeping with the analysis would then
be compared by the Court with the present value being offered to
each of the classes of unsecured claims and interests under the
Plan.  The Debtor also believes that secured and unsecured claims
in a liquidation would be significantly greater than under the
contemplated plan.

A full-text copy of the First Amended Disclosure Statement dated
Feb. 4, 2021, is available at https://bit.ly/3a94sru from
PacerMonitor.com at no charge.

Counsel for Debtor:

        Steven L. Taggart, ISB No. 8511
        MAYNES TAGGART PLLC
        P. O. Box 3005
        Idaho Falls, ID 83403
        Telephone: (208) 552-6442
        Facsimile: (208) 524-6095
        E-mail: staggart@maynestaggart.com

                 About Robert Allen Auto Group

Robert Allen Auto Group, Inc., which owns approximately 3 acres in
5th Street in Pocatello, Idaho near other automobile dealerships,
is a dealer of automobiles based in Pocatello, Idaho.  

Robert Allen Auto Group filed a Chapter 11 petition (Bankr. D.
Idaho Case No. 20-40163) on March 2, 2020.  In the petition signed
by Robert Allen, president, the Debtor disclosed $4,312,279 in
assets and $2,097,927 in liabilities.  

Steven L. Taggart, Esq., at MAYNES TAGGART PLLC, serves as
bankruptcy counsel to the Debtor.  Shawn Perry is the real estate
agent for the estate.


SEADRILL LTD: Non-Debtor SNFL Reaches Forbearance Agreement
-----------------------------------------------------------
Seadrill Limited (OSE:SDRL, OTCQX:SDRLF) announced Feb. 11, 2021,
that Seadrill New Finance Limited, a subsidiary of the Company
incorporated in Bermuda in 2018 and issuer of the 12.0% senior
secured notes due 2025, has entered into a forbearance agreement
with certain holders of the Notes.

Pursuant to the forbearance agreement, the consenting creditors
have agreed not to exercise any enforcement rights with respect to
the Issuer and any subsidiary of the Issuer which is an obligor
under the Notes to, or otherwise take actions in respect of,
certain events of default that may arise under the Notes as a
result of, amongst other things, the Issuer not making the
semi-annual 4% cash interest payment due to the senior secured
noteholders on January 15, 2021 in respect of their Notes and the
filing of Chapter 11 cases in the Southern District of Texas by the
Company and certain of its consolidated subsidiaries (excluding the
Issuer and its consolidated subsidiaries), until and including the
earlier of February 24, 2021 and any termination of the forbearance
agreement.

The purpose of the forbearance agreement is to allow the Company,
the Issuer and its stakeholders (including the forbearing holders)
time to seek to agree the terms of a restructuring of the Notes in
parallel with the commencement by the Company and certain of its
consolidated subsidiaries of their Chapter 11 cases. Such a
restructuring may involve the use of a court-supervised process.

                       About Seadrill Ltd.

Seadrill Limited (OSE:SDRL, OTCQX:SDRLF) --
http://www.seapdrill.com/-- is a deepwater drilling contractor
providing drilling services to the oil and gas industry.  As of
March 31, 2018, it had a fleet of over 35 offshore drilling units
that include 12 semi-submersible rigs, 7 drillships, and 16 jack-up
rigs.

On Sept. 12, 2017, Seadrill Limited sought Chapter 11 protection
after reaching terms of a reorganization plan that would
restructure $8 billion of funded debt. It emerged from bankruptcy
in July 2018.

Demand for exploration and drilling has fallen further during the
COVID-19 pandemic as oil firms seek to preserve cash, idling more
rigs and leading to additional overcapacity among companies serving
the industry.

In June 2020, Seadrill wrote down the value of its rigs by $1.2
billion and said it planned to scrap 10 rigs.  Seadrill said it is
in talks with lenders on a restructuring of its $5.7 billion bank
debt.

Seadrill Partners LLC, a limited liability company formed by
deep-water drilling contractor Seadrill Ltd. to own, operate and
acquire offshore drilling rigs, along with its affiliates, sought
Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 20-35740) on
Dec. 1, 2020, after its parent company swept one of its bank
accounts to pay disputed management fees.  Mohsin Y. Meghji,
managing partner at M3 Partners, acting as the Company's Chief
Restructuring Officer, signed the petitions.

On Feb. 7, 2021, Seadrill GCC Operations Ltd., Asia Offshore
Drilling Limited, Asia Offshore Rig 1 Limited, Asia Offshore Rig 2
Limited, and Asia Offshore Rig 3 Limited sought Chapter 11
protection.  Seadrill GCC estimated $100 million to $500 million in
assets and liabilities as of the bankruptcy filing.

Additionally, on February 10, 2021, Seadrill Limited and 114
affiliated debtors each filed a voluntary petition for relief under
Chapter 11 of the United States Bankruptcy Code with the Court.
The lead case is In re Seadrill Limited (Bankr. S.D. Tex. Case No.
21-30427).

Seadrill Limited disclosed $7.291 billion in assets against $7.193
billion in liabilities as of the bankruptcy filing.

In the new Chapter 11 cases, Kirkland & Ellis LLP is counsel for
the Debtors.  HoulihanLokey, Inc., is the financial advisor.
Alvarez & Marsal North America, LLC, is the restructuring advisor.
The law firm of Jackson Walker L.L.P. is co-bankruptcy counsel.
The law firm of Slaughter and May is co-corporate counsel.
Advokatfirmaet Thommessen AS is serving as Norwegian counsel.
Conyers Dill & Pearman is serving as Bermuda counsel.  Prime Clerk
LLC is the claims agent.


SEADRILL LTD: Returns to Chapter 11, Cites Pandemic, Oil Price War
------------------------------------------------------------------
The Board of Seadrill Limited (OSE: SDRL, OTCQX:SDRLF) on Feb. 10,
2021, announced that Chapter 11 cases have been filed in the
Southern District of Texas in respect of Seadrill and its
consolidated subsidiaries:

    * Seadrill GCC Operations Ltd, Asia Offshore Limited, Asia
Offshore Rig 1 Limited, Asia Offshore Rig 2 Limited and Asia
Offshore Rig 3 Limited filed Chapter 11 cases on Feb. 7, 2021; and

    * Seadrill Limited and 114 affiliated debtors commenced Chapter
11 cases on Feb. 10, 2021.

The Chapter 11 filings do not include Seadrill New Finance Limited
and its subsidiaries; Seabras Servicos de Petroleo SA, Seadrill JU
Newco Bermuda Limited, Seadrill Member LLC, Seadrill Mobile Units
UK Limited, Seadrill Partners LLC Holdco Limited, Seadrill Seabras
SP UK Limited, Seadrill Seabras UK Limited, Seadrill Seadragon UK
Limited, Seadrill SeaMex 2 de Mexico S de RL de CV, Seadrill SeaMex
SC Holdco Limited, Seadrill SKR Holdco Limited, Sevan Drilling Rig
VI AS, and Sevan Drilling Rig VI Pte Ltd.

As part of the Chapter 11 cases, Seadrill filed "first day" motions
that, when granted, will enable day-to-day operations of the
Seadrill Group to continue as usual.  Specifically, Seadrill has
requested the authority to pay key trade creditors and employee
wages and benefits without change or interruption and expects it
will pay all suppliers and vendors in full under normal terms for
goods and services provided during the Chapter 11 cases.  At the
point of filing, Seadrill has approximately $650 million in cash
and does not require debtor-in-possession financing.

The Company seeks to facilitate a balance sheet restructuring which
will enable Seadrill to continue to operate its modern fleet of
drilling units.  The restructuring is expected to lead to
significant equitization of debt which is likely to result in
minimal or no recovery for current shareholders. As a consequence
of the Chapter 11 cases, Seadrill will submit an application to the
Bermuda Supreme Court for the appointment of Joint Provisional
Liquidators under Bermuda law to oversee the Chapter 11 cases in
conjunction with the Board of Directors of the Company.

Stuart Jackson, CEO of Seadrill, said: "This announcement marks the
start of the court supervised process that will create a company
that is financially sustainable for the long term. We are working
closely with our stakeholders to ensure we achieve an outcome that
gives us the flexibility to weather the low points in our industry
cycles, whilst positioning us well for market recovery.

"I would like to thank all our stakeholders for their continued
support as we move through this legal process, in particular, our
customers, vendors and employees, all of whom demonstrate continued
support of our safe and efficient operational delivery."

                       Road to Bankruptcy

Grant Creed, the CRO, explained in a court filing that Seadrill's
prior chapter 11 process was, by nearly all measures, a successful
one.  Through the previous process, Seadrill deleveraged its
balance sheet by billions of dollars, extended the maturity of its
remaining indebtedness, and positioned the Company to take
advantage of an improving oil and gas market.  That chapter 11 plan
received support from 97% of Seadrill's secured creditors and a
majority of bondholders, and the restructured balance sheet was
attractive enough to garner a new money investment of $1 billion.

Despite the deleveraging and improved debt terms, the oil and gas
market remained in a sustained downturn after Seadrill emerged in
summer 2018, even before the further damage caused by the dual
demand and supply shock of the COVID-19 pandemic and the
OPEC-Russia oil price war.  These external forces combined to
prevent Seadrill from reaping the benefits of the prior
restructuring.  As a result, Seadrill has been engaged in active
negotiations with creditors across its capital structure for the
better part of the last year, including with a coordinating
committee -- CoCom -- of various lenders under the Company's 12
secured credit facilities -- lenders thereunder, the "SCF Lenders"
-- an ad hoc group of SCF Lenders -- Ad Hoc Group -- and an ad hoc
group of holders of 12.00% senior secured notes due 2025 -- NSN
Group.  As of the Petition Date, the Ad Hoc Group holds a
significant portion of the debt under three of the 12 Secured
Credit Facilities, the CoCom holds a significant portion of the
debt under six of the 12 Secured Credit Facilities, and other par
lenders hold a significant portion of the debt under the remaining
three Secured Credit Facilities.

Despite Seadrill's prepetition efforts to build consensus for a
restructuring transaction, as of Feb. 10, the parties have not
agreed on the terms of a comprehensive, consensual restructuring in
large part because of the different debt holdings of the CoCom and
the Ad Hoc Group and the disparate views those groups hold about
the proper approach to this restructuring.  Most of Seadrill's
secured debt lays in 12 distinct silos, each with its own
individual rigs as collateral (and an interest in certain common
collateral made up primarily of cash).  The CoCom and the Ad Hoc
Group control different silos and, given the respective holdings,
even if Seadrill reached a comprehensive deal with one of the CoCom
or the Ad Hoc Group, neither group of creditors has sufficient
holdings to deliver the consent of each of the 12 silos.

This inherent conflict between the CoCom and the Ad Hoc Group led
directly to the timing of Seadrill's filing.  Over the past several
weeks, Seadrill was nearing an agreement with the CoCom on the
terms of a proposed restructuring.  But the Ad Hoc Group opposed
the plan and refused to provide a forbearance for the facilities it
controlled, including the AOD Facility.  Moreover, SCF Lenders
under the AOD Facility -- AOD Lenders -- had exercised enforcement
remedies by blocking certain accounts in November 2020 and then
sweeping cash of $97.2 million in December 2020 to repay a
corresponding amount of the $210 million debt then outstanding
under the AOD Facility.  Thus, despite Seadrill's continuous
efforts, the Company was left in a default without a forbearance on
certain facilities, and faced the threat of further enforcement by
the Ad Hoc Group.  To avoid such enforcement and the accompanying
destruction of value, the Debtors have filed chapter11 petitions to
obtain the benefit of the automatic stay while they continue to
operate their business and negotiate with their various
stakeholders in an effort to maximize the value of the estates.

                    $6.1 Billion of Funded Debt

As of the Petition Date, the Debtors were liable for approximately
$6.1 billion in aggregate funded debt obligations, comprised of
$5.6 billion of aggregate obligations outstanding under the Secured
Credit Facilities; and $536 million of aggregate obligations under
the NSNs issued by NSNCo.  Seadrill Limited is a guarantor under
each of the 12 Secured Credit Facilities and the NSNs.  In
addition, as of the Petition Date, the Debtors have approximately
$1.1 billion in aggregate remaining lease obligations outstanding
under the Ship Finance Charters.

                                  ($ in millions)   Principal
                                                   Outstanding
                                                   -----------
Secured Credit Facilities:

   $400 million facility due 2022                     $135
   $300 million facility due 2024                      144
   $1.35 billion facility due 2024                     945
   $950 million facility due 2024                      566
   $450 million facility due 2024                      103
   $440 million facility due 2023                       64
   $2 billion facility due 2023                        897
   $360 million facility due 2023                      115
   $1.75 billion facility due 2024                     875
   $450 million facility due 2022                      265
   $1.5 billion facility due 2024                    1,125
   $1.45 billion facility due 2023                     322
                                                   -------
    Total Secured Credit Facilities                 $5,556

12.00% Senior Secured Notes due 2025                   536
                                                   -------
    Total Funded Debt Obligation                    $6,092

Lease Obligations Under Ship Finance Charters        1,146
                                                   -------
    Total Obligations Outstanding                   $7,238
                                                   =======

                       About Seadrill Ltd.

Seadrill Limited (OSE:SDRL, OTCQX:SDRLF) --
http://www.seapdrill.com/-- is a deepwater drilling contractor
providing drilling services to the oil and gas industry.  As of
March 31, 2018, it had a fleet of over 35 offshore drilling units
that include 12 semi-submersible rigs, 7 drillships, and 16 jack-up
rigs.

On Sept. 12, 2017, Seadrill Limited sought Chapter 11 protection
after reaching terms of a reorganization plan that would
restructure $8 billion of funded debt. It emerged from bankruptcy
in July 2018.

Demand for exploration and drilling has fallen further during the
COVID-19 pandemic as oil firms seek to preserve cash, idling more
rigs and leading to additional overcapacity among companies serving
the industry.

In June 2020, Seadrill wrote down the value of its rigs by $1.2
billion and said it planned to scrap 10 rigs.  Seadrill said it is
in talks with lenders on a restructuring of its $5.7 billion bank
debt.

Seadrill Partners LLC, a limited liability company formed by
deep-water drilling contractor Seadrill Ltd. to own, operate and
acquire offshore drilling rigs, along with its affiliates, sought
Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 20-35740) on
Dec. 1, 2020, after its parent company swept one of its bank
accounts to pay disputed management fees.  Mohsin Y. Meghji,
managing partner at M3 Partners, acting as the Company's Chief
Restructuring Officer, signed the petitions.

On Feb. 7, 2021, Seadrill GCC Operations Ltd., Asia Offshore
Drilling Limited, Asia Offshore Rig 1 Limited, Asia Offshore Rig 2
Limited, and Asia Offshore Rig 3 Limited sought Chapter 11
protection.  Seadrill GCC estimated $100 million to $500 million in
assets and liabilities as of the bankruptcy filing.

Additionally, on February 10, 2021, Seadrill Limited and 114
affiliated debtors each filed a voluntary petition for relief under
Chapter 11 of the United States Bankruptcy Code with the Court.
The lead case is In re Seadrill Limited (Bankr. S.D. Tex. Case No.
21-30427).

Seadrill Limited disclosed $7.291 billion in assets against $7.193
billion in liabilities as of the bankruptcy filing.

In the new Chapter 11 cases, Kirkland & Ellis LLP is counsel for
the Debtors.  HoulihanLokey, Inc., is the financial advisor.
Alvarez & Marsal North America, LLC, is the restructuring advisor.
The law firm of Jackson Walker L.L.P. is co-bankruptcy counsel.
The law firm of Slaughter and May is co-corporate counsel.
Advokatfirmaet Thommessen AS is serving as Norwegian counsel.
Conyers Dill & Pearman is serving as Bermuda counsel.  Prime Clerk
LLC is the claims agent.


SEADRILL PARTNERS: U.S. Trustee Appoints Creditors' Committee
-------------------------------------------------------------
The U.S. Trustee for Region 7 on Feb. 10 appointed an official
committee to represent unsecured creditors in the Chapter 11 cases
of Seadrill Partners LLC and its affiliates.

The committee members are:

     1. Transocean Inc.
        Attn: Brady K. Long
        1414 Enclave Parkway
        Houston, TX 77077
        Tel: 713-232-7842
        E-mail: brady.long@deepwater.com

        Counsel:

        Jim Prince, Esq.
        Baker Botts LLP
        2001 Ross Avenue, Suite 900
        Dallas, TX 75201
        Tel: 214-953-6612
        Fax: 214-661-4612
        E-mail: jim.prince@bakerbotts.com

     2. National Oilwell Varco, LP
        Attn: Bobbi Ingram
        7909 Parkwood Circle Drive
        Houston, TX 77036
        Tel: 832-267-2829
        E-mail: bobbi.ingram@nov.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                      About Seadrill Partners

Seadrill Partners LLC (NYSE: SDLP) is a limited liability company
formed by deep-water drilling contractor Seadrill Ltd.
(OTCMKTS:SDRLF) to own, operate and acquire offshore drilling rigs.
It was founded in 2012 and is headquartered in London, the United
Kingdom.  Seadrill Partners, set up as an asset-holding unit, owns
four drillships, four semi-submersible rigs and three so-called
tender rigs which are all operated by Seadrill Ltd.

Seadrill Partners and its affiliates sought Chapter 11 protection
(Bankr. S.D. Texas Lead Case No. 20-35740) on Dec. 1, 2020.  Mohsin
Y. Meghji, managing partner at M3 Partners, acting as the Company's
Chief Restructuring Officer, signed the petitions.

Judge Marvin Isgur oversees the cases.

Seadrill Partners disclosed $4,579,300,000 in assets and
$3,122,300,000 in total debts as of June 30, 2020.

Kirkland & Ellis LLP and Kirkland & Ellis International LLP, and
Jackson Walker LLP are the Debtors' bankruptcy counsel. The Debtors
also tapped Sheppard Mullin Richter & Hampton, LLP to serve as
conflicts counsel and KPMG LLP to provide tax provision and
consulting services.


SNL BALDWIN REALTY: All Claims Unimpaired in Sale Plan
------------------------------------------------------
SNL Baldwin Realty, LLC, submitted a Plan and a Disclosure
Statement.

The Debtor's Plan provides for payment to all creditors and
claimants of 100% of their allowed claims, plus interest through
and including the effective date.  The Plan provides for treatment
that renders all creditors unimpaired.

Additionally, it is anticipated that the net proceeds from the sale
of real property located at 821 Atlantic Avenue, Baldwin, NY 11510
(through which the Debtor is funding its Plan) shall be sufficient
to allow for a distribution to the stock interest holder of
approximately $100,000.

A full-text copy of the Disclosure Statement dated February 8,
2021, is available at https://bit.ly/2OkjZMF from PacerMonitor.com
at no charge.

                    About SNL Baldwin Realty

SNL Baldwin Realty, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. E.D.N.Y. Case No. 20-73348) on Nov. 7, 2020, disclosing
under $1 million in both assets and liabilities.  The Debtor is
represented by the LAW OFFICE OF MICHAEL G. MCAULIFFE.


SOURCE ENERGY: DBRS Hikes Issuer Rating to CCC, Trend Stable
------------------------------------------------------------
DBRS Limited upgraded Source Energy Services Canada LP and Source
Energy Services Canada Holdings Ltd.'s Issuer Rating to CCC with a
Stable trend from Selective Default (SD). The upgrade follows
completion of the recapitalization transaction by the Co-Issuers'
ultimate holding company, Source Energy Services Limited. DBRS
Morningstar has also assigned a Recovery Rating of RR4 and a rating
of CCC with a Stable trend to the Co-Issuers' new Senior Secured
First Lien Notes. The rating actions and Stable trends reflect DBRS
Morningstar's opinion that the Recap has improved Source's
near-term liquidity position and provides the Company with the
financial flexibility to wait for an expected improvement in the
level of drilling activity in the Western Canadian Sedimentary
Basin (WCSB) in 2022.

The Recap reduced the Company's near-term cash outflow, increased
the availability under its credit facility, and mitigated the
refinancing risk associated with its long-term debt. As part of the
Recap, Source has (1) exchanged its previously outstanding senior
secured first lien notes with principal obligations of $157.7
million maturing in December 2021 for new Senior Secured Notes with
principal obligations of $142.2 million maturing in March 2025 and
new common shares (approximately 62.5% of common shares outstanding
post Recap); (2) extended the maturity date of its $50.0 million
borrowing base credit facility to September 2023; (3) availed an
additional liquidity facility (Additional Credit Facility) of $20.0
million; (4) availed relief on the fixed-charge coverage ratio
covenant until June 2022; and (5) renegotiated its annual ongoing
lease payments, which is expected to reduce the amount by 45%
compared with approximately $28.0 million in 2019. In addition, the
Company retains the option to pay quarterly interest payments on
the Senior Secured Notes in kind until February 2022 through the
issuance of additional Senior Secured Notes.

DBRS Morningstar believes that Source's integrated operations,
storage, and logistics infrastructure provide the Company with a
competitive advantage in the WCSB, which is reflected by its
leading market share and demonstrated ability to win proppant
supply contracts with some of the largest conventional oil and gas
(O&G) producers in the WCSB. However, the rating is constrained by
the Company's financial risk profile, which remains weak because of
lower earnings and a higher amount of debt in the capital
structure. While the Recap has improved Source's liquidity and
maturity profile, overall debt (excluding capitalized leases) is
expected to remain relatively unchanged post Recap because of the
Additional Credit Facility and the expected increase in Senior
Secured Notes as a result of the exercise of the payment in kind
option.

Given the current focus to operate within cashflow, DBRS
Morningstar expects O&G producers to maintain a cautious approach
to capital spending in 2021 despite the recent improvement in
commodity prices. Consequently, DBRS Morningstar expects activity
levels in the WCSB and the Company's earnings to remain relatively
flat in 2021 before improving in 2022 as confidence in the
commodity price recovery strengthens. While earnings are expected
to improve in 2022, Source's overall financial risk profile is
expected to remain weak with lease-adjusted debt-to-cashflow ratio
of over 6.0 times (x) in 2022. DBRS Morningstar notes that the cash
outflow will increase in 2022 because of the resumption of
cash-interest payments on the Senior Secured Notes and scheduled
repayments under the Additional Credit Facility. While the Recap
has provided the Company with relief over the next 12 months,
Source remains dependent on a recovery in activity levels in the
WCSB to fulfill its obligations in 2022 and beyond. If earnings and
cash flow do not improve in line with DBRS Morningstar's base-case
assumptions, the Company's ratings remain vulnerable to a negative
rating action.

A rating upgrade would require a material improvement in the
company's key credit metrics, which would likely occur if activity
levels in the WCSB rebound stronger than DBRS Morningstar's
expectation. DBRS Morningstar may consider a positive rating action
if the Company maintains satisfactory liquidity and the
lease-adjusted debt-to-cash flow ratio improves sustainably and
trends towards 6.0x. Conversely, a material deterioration in
liquidity or breach of financial covenants may lead to a negative
rating action.

Notes: All figures are in Canadian dollars unless otherwise noted.



T & C DOWNTOWN: Wins Cash Collateral Access Thru March 2
--------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida,
Orlando Division, has authorized T & C Downtown Development, LLC,
to use cash collateral on an interim basis nunc pro tunc to
November 22, 2020.

The Debtor is authorized to use cash collateral to pay amounts
expressly authorized by the Court, the current and necessary
itemized expenses set forth in the budget, with a 10% variance,
additional amounts as may be expressly approved in writing by the
US Small Business Administration.

Each Secured Creditor with a security interest in cash collateral
will have a perfected post-petition lien against cash collateral to
the same extent and with the same validity and priority as the
prepetition lien, without the need to file or execute any document
as may otherwise be required under applicable non-bankruptcy law.

The Debtor will also maintain insurance coverage for its property
in accordance with the obligations under the loan and security
documents with the Secured Creditor.

A further hearing on the matter is scheduled for March 2 at 2:00
p.m.

A copy of the order is available at https://bit.ly/3rHnsU1 from
PacerMonitor.com.

             About T & C Downtown Development, LLC

T & C Downtown Development, LLC, an owner and operator of
restaurants in Orlando, Fla., filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla.
Case No. 20-06461) on Nov. 22, 2020. In the petition signed by
Timothy Green, manager, the Debtor disclosed up to $1,000,000 in
assets and up to $10,000,000 in liabilities.

Judge Lori V. Vaughan oversees the case.

The Debtor tapped Bartolone Law, PLLC, led by Aldo G. Bartolone,
Esq., as its legal counsel and Sharon Chamness as its bookkeeping
consultant.



TELESAT CANADA: Moody's Puts B1 CFR Under Review for Downgrade
--------------------------------------------------------------
Moody's Investors Service placed Telesat Canada's B1 corporate
family rating, B1-PD probability of default rating, Ba3 ratings on
its senior secured credit facilities and senior secured notes, and
B3 rating on its senior unsecured notes on review for downgrade.
The company's speculative grade liquidity rating was unchanged at
SGL-2.

The rating action follows the company's February 9, 2021
announcement [1] that it has selected Thales Alenia Space as the
contractor for its planned low earth orbit (LEO) constellation of
298 satellites and integrated ground network that is expected to
cost about $5 billion. The signing of the contract is conditional
on availability of funding.

"The review for downgrade was prompted by the possibility that
Telesat's leverage will increase materially over the construction
phase of the LEO constellation" said Peter Adu, Moody's Vice
President and Senior Analyst.

Ratings On Review for Downgrade:

Corporate Family Rating, currently B1

Probability of Default Rating, currently B1-PD

Senior Secured Bank Credit Facilities, currently Ba3 (LGD3)

Senior Secured Notes, currently Ba3 (LGD3)

Senior Unsecured Notes, currently B3 (LGD6)

Rating Unchanged:

Speculative Grade Liquidity, currently SGL-2

Outlook Action:

Changed to Rating Under Review from Stable

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

The review will focus on Telesat's financing plans and liquidity
through construction, execution risks of completing the LEO project
on time and on budget, revenue and earnings potential once the
constellation is operational, and future expectations for its
current business, which has been in decline. Moody's expects to
conclude the review when there is increased visibility on these
factors.

The principal methodology used in these ratings was Communications
Infrastructure Industry published in September 2017.

Telesat Canada, headquartered in Ottawa, Canada and owned by Loral
Space & Communications Inc. (Loral, 62.6% economic interest),
Public Sector Pension Investment Board (36.7%) and management
(0.7%), is a fixed satellite services company. The company's fleet
consists of 16 geosynchronous (GEO) satellites, one phase 1 LEO
satellite and the Canadian payload on ViaSat-1. Revenue for the
twelve months ended September 30, 2020 was C$839 million. Telesat
is on track to merge with Loral, a public company listed on the
Nasdaq Global Select Market, to form a new Canadian public company
in the second half of 2021.



THG PROPERTIES: Unsecureds Will Receive 100% Dividend in Plan
-------------------------------------------------------------
THG Properties LLC and Town Hospitality Group, Inc. filed an
Amended Joint Chapter 11 Plan of Reorganization.

The Debtors' Plan is premised on the purchase and refinancing, by
Acorn Capital LLC, of its senior secured debt currently held by
Avidia Bank.  The refinancing, along with the Debtors' current cash
and future operations, will permit the Debtors to provide a
meaningful distribution to creditors.

The Plan further contemplates: (i) the satisfaction in full of all
administrative and priority claims; (ii) the full satisfaction of
the secured claims of the Massachusetts Department of Revenue (the
"DOR") and the Internal Revenue Service (the "IRS") to the extent
that such claims are attributable to unpaid pre-petition taxes and
interest thereon; (iii) the payment of a 100% dividend, on the
Effective Date, to the holders of allowed general unsecured claims
in the THG case; and, (iv) the payment of a 25% dividend to the
holders of allowed general unsecured claims in the Town Hospitality
case, including by agreement certain subordinated claims of the DOR
and the IRS attributable to penalties, over a period of thirty-six
(36) months from the Effective Date of the Plan.

A full-text copy of the Disclosure Statement dated February 8,
2021, is available at https://bit.ly/3tJHKOw from PacerMonitor.com
at no charge.

The Debtors' attorneys:

     David B. Madoff
     Steffani M. Pelton
     MADOFF & KHOURY LLP
     124 Washington Street
     Foxboro, MA 02035
     Tel: 508-543-0040
     E-mail: madoff@mandkllp.com

                      About THG Properties

THG Properties LLC is a Massachusetts Limited Liability Company
that owns and operates the real property located at 386 Commercial
Street, Provincetown, Massachusetts.  The Property is tenanted by a
15-room guest house known as the Waterford Inn and a restaurant
called Spindlers. The Inn and Restaurant are owned by Town
Hospitality, a Massachusetts corporation.  Both are owned by the
same individuals.  The Property has an appraised value of $5.94
million.

THG Properties sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Mass. Case No. 20-10644) on March 5, 2020.  The
petition was signed by James Derosier, manager.  At the time of
filing, the Debtor had $5,988,300 in assets and $3,571,822 in
debts. THG Properties LLC is a single asset real estate debtor (as
defined in 11 U.S.C. Section 101(51B)).  

Town Hospitality Group filed for Chapter 11 protection (Bankr. D.
Mass. Case No. 20-11496) on July 14, 2020, listing under $500,000
in estimated assets and $1 million to $10 million in estimated
liabilities.

The two cases are jointly administered.

Judge Frank J. Bailey oversees the cases.  The Debtors are
represented by David B. Madoff, Esq., at Madoff & Khoury, LLP.  No
creditors' committee has been appointed in either case.


THOC PA: March 10 Plan Confirmation Hearing Set
-----------------------------------------------
On Dec. 30, 2021, debtor Thoc, PA, filed with the U.S. Bankruptcy
Court for the Northern District of Texas, Dallas Division, a
Disclosure Statement referring to its proposed Plan of
Reorganization.

On Feb. 4, 2021, Judge Stacey Jernigan approved the Amended
Disclosure Statement and ordered that:

     * March 8, 2021, is fixed as the last day for filing and
serving written acceptances or rejections of the Plan in the form
of a ballot.

     * March 10, 2021, at 9:30 a.m. is fixed for the hearing on
confirmation of the Plan in the Courtroom of the Honorable Stacey
Jernigan, 1100 Commerce Street, 14 Floor, Dallas, Texas.

     * March 8, 2021, is fixed as the last day for filing and
serving written objections to confirmation of the Plan.

A full-text copy of the order dated Feb. 4, 2021, is available at
https://bit.ly/3tNvvjP from PacerMonitor.com at no charge.  

Attorneys for the Debtor:

     Eric A. Liepins
     ERIC A. LIEPINS, P.C.
     12770 Coit Road, Suite 1100
     Dallas, Texas 75251
     Tel: (972) 991-5591
     Fax: (972) 991-5788

                          About THOC PA

THOC, PA, which operates a medical practice in Dallas under the
name Texas Hemotology Oncology Centers, filed a voluntary Chapter
11 petition (Bankr. N.D. Tex. Case No. 19-34237) on Dec. 30, 2019.
The case is assigned to Judge Stacey G.C. Jernigan.  The Debtor is
represented by Eric A. Liepins, Esq., at Eric A. Liepins, P.C.


THOMAS FUCHS: Gets Access to SBA's Cash Collateral on Final Basis
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Floriad,
Miami Division, has authorized Thomas Fuchs Creative, LLC to use
the cash collateral of the U.S. Small Business Administration on a
final basis.

The Debtor is authorized to use all cash, proceeds, accounts
receivable and other forms of the SBA's cash collateral within the
amounts provided in the Debtor's budget. with a permitted 10%
variance on each line item.

The SBA will have a replacement lien on post-petition cash
collateral of the Debtor to the same extent, validity and priority
as the SBA's liens on the Petition Date.

Nothing in the Order will constitute an admission as to the amount
or secured status of any claim the SBA may assert in the bankruptcy
case.

A copy of the Order and the Debtor's budget is available for free
at https://bit.ly/3a1Rsns from PacerMonitor.com.

                  About Thomas Fuchs Creative

Thomas Fuchs Creative, LLC filed voluntary petitions for relief
under Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Fla. Case No. 20-23669) on Dec. 16, 2020. At the time of
filing, the Debtor had estimated assets of less than $50,000 and
liabilities of up to $1 million.  

Judge Robert A. Mark presides over the case. The Debtor tapped
Hoffman, Larin & Agnetti, PA as its legal counsel; and Carin Sorvik
at Newpoint Advisors Corporation as accountant.



TIGER OAK: Gets Cash Collateral Access Thru March 31
----------------------------------------------------
The U.S. Bankruptcy Court for the District of Minnesota has
authorized Edwin H. Caldie, as chapter 11 trustee for debtor Tiger
Oak Media, to use cash collateral through March 31, 2021.

The Trustee's use of cash collateral is essential to the continued
business operations of the estate and irreparable harm would result
if the Trustee is deprived of the ability to use such cash
collateral on an interim basis. Without immediate access to cash
collateral, the Trustee would be at serious risk of shutdown due to
strained liquidity. The Trustee needs the use of cash collateral
to, among other things, pay the Debtor's more than 30 employees and
contractors payroll and continue operations and generating
revenue.

As of the Filing Date, the Debtor was indebted to Choice Financial
Group pursuant to two Promissory Notes, Loan No. 16623 in the
principal amount of $535,910, dated May 22, 2019 and, Loan No.
16624 in the principal amount of $850,000, dated May 21, 2019. The
Debtor also executed a Commercial Guaranty dated November 29, 2017,
in which the Debtor guarantied payment and performance of all
obligations owed by Lazzari + Santori Partners, LLC to Choice.

Choice perfected its first-priority security interest in the Debtor
Assets by filing two UCC financing statements: filing no.
20115369235 on August 29, 2011, and filing no. 20115368814 on
August 29, 2011. The UCC financing statements have been continued
through a series of modifications and continuations the last one of
which was filed on February 29, 2016.  The Debtor had been making
monthly payments to Choice in the amount of $29,600.34 on Loan No.
16623 and $3,800.00 on Loan No. 16624.

As of February 5, 2020, the Debtor owed Choice the principal amount
of $1,173,250, plus interest, attorneys' fees, costs, and expenses
on account of the Loans and $984,639 on account of the Guaranty.
The parties agreed that during the period, the Trustee will not
make payments to Choice and Choice will not divert any funds from
any accounts held by the Debtor without further order of the Court.


Choice is granted replacement liens, to the extent of the Debtor's
use of cash collateral, in all post-petition collateral, to
include, but not be limited to, post-petition inventory, accounts,
equipment, parts, accessories, and general intangibles, and
proceeds thereof, with such liens being of the same priority,
dignity, and effect as Choice's respective pre-petition liens with
respect to the Loans and any replacement lien authorized will not
extend to bankruptcy chapter 5 causes of action.

              About Tiger Oak Media, Incorporated

Tiger Oak Media, Incorporated, is a regional and national publisher
of books, magazines, media and events that appeal to targeted
audiences.

Tiger Oak Media sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Minn. Case No. 19-43029) on Oct. 7,
2019.  In the petition signed by its CEO Craig Bednar, the Debtor
was estimated to have assets of less than $50,000 and liabilities
of less than $10 million.

The Hon. Michael E. Ridgway is the case judge.

The Debtor tapped Steven Nosek, Esq. and Yvonne Doose, Esq., as
bankruptcy attorneys; Lurie, LLP as accountant; and Integrated
Consulting Services, LLC as financial consultant.

The U.S. Trustee for Region 12 appointed creditors to serve on the
official committee of unsecured creditors on Oct. 22, 2019.  The
committee tapped Bassford Remele, P.A., as its legal counsel, and
Platinum Management, LLC as its financial advisor.

Choice Financial Group is represented by:

     Christopher Camardello, Esq.
     Manty & Associates, P.A.
     150 South Fifth Street, Suite 3125
     Minneapolis, MN 55402
     E-mail: Chris@mantylaw.com


TOSCA SERVICES: Moody's Rates New $526.5MM Fist Lien Loan 'B2'
--------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Tosca Services,
LLC's proposed $526.5 million 1st lien senior secured term loan due
August 2027. Tosca's B2 Corporate Family Rating and B2-PD
Probability of Default Rating are unchanged. The proposed term loan
is a repricing of and amendment to the existing term loan. The new
term loan is expected to remain under the same credit agreement,
but with a new cusip. The terms and conditions are expected to
remain the same except that the interest rate will be lower and the
soft call reset. The B2 rating for the existing $526.5 million 1st
lien senior secured term loan due August 2027 under the old cusip
will be withdrawn at the close of the transaction. The outlook is
stable.

Moody's views the transaction as credit neutral since it is
expected to reduce total interest expense slightly with little
impact on overall credit metrics. Debt to LTM EBITDA at September
30, 2020 is approximately 4.8x pro forma for the December 2019
acquisition of Polymer Logistic N.V. (Polymer) and the August 2020
acquisition of Contraload N.V. (Contraload). Moody's expects debt
to LTM EBITDA to decline to 4.4x by the end of 2021, but free cash
flow to remain weak as capex remains elevated to support contracted
new business.

Assignments:

Issuer: Tosca Services, LLC

Senior Secured 1st Lien Term Loan, Assigned B2 (LGD3)

RATINGS RATIONALE

Weaknesses in Tosca's credit profile include the small revenue
base, much larger rated competitors and customer concentration of
sales. In addition, the company has lengthy lags in its contractual
price adjustments, a significant percentage of short-term contracts
and large capex requirements to support growth. Tosca also has
exposure to freight costs as the company pays shipping to its
service centers and these costs are not contractually passed
through. While the large potentially addressable market for the
company's services offers growth opportunities, it also holds the
potential for changes in the competitive landscape.

Strengths in Tosca's credit profile include high exposure to food
and beverage end markets and the positive ESG characteristics of
the company's sustainable, reusable packaging service offers to
customers. 95% of pro forma sales are generated form food end
markets including key categories of produce, meat, cheese, and
eggs. The company's logistical service offers significant cost
savings to customers hence growth in the company's business remains
strong. The company's margins are good and expected to remain so
over the next 12 to 18 months (undisclosed). Tosca is also expected
to maintain adequate liquidity.

Tosca's adequate liquidity profile encompasses Moody's expectation
of weak free cash flow over the next 12 months. Free cash flow is
expected to be weak due to increased capex to support new business
and onetime costs for integration, but will increase long-term as
the company's growth cycle abates. This is offset by good back up
liquidity from the company's $65 million asset-based revolver that
expires in October 2022, which is expected to be undrawn at the
close of the transaction. The company's only financial covenant is
on the revolver, which requires a fixed charge coverage ratio of
1.0x and is tested quarterly. The company is expected to maintain
good cushion under this covenant over the next 12 months. Tosca has
no significant seasonality in its business. Term loan amortization
is expected to be 1.0% annually ($5 million). Most assets are fully
encumbered by the secured debt leaving little in the way of
alternate liquidity. The nearest significant debt maturity is the
revolver in 2022.

The stable outlook reflects an expectation that Tosca will
effectively execute on its integration plans and effectively
commercialize its new business wins while maintaining adequate
liquidity.

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

The ratings could be downgraded if there is deterioration in the
credit metrics, liquidity or the operating and competitive
environment. Additionally, acquisitions that alter the company's
business and operating profile or continued significant capex
spending that pressures free cash flow may also prompt a downgrade.
Specifically, the ratings could be downgraded if:

-- Debt to EBITDA is above 5.5 times

-- EBITA to interest expense is below 2.0 times

-- Retained cash flow to net debt is below 10.0%

An upgrade would require an increase in scale, continued strong
margins, and an improvement in free cash flow. Additionally, any
upgrade would also require good liquidity and a stable competitive
environment.

Headquartered in Atlanta, Georgia, Tosca Services, LLC manages,
reconditions and rents reusable plastic containers (RPCs) for the
perishable food industry including case ready meat, eggs, cheese,
poultry, seafood, and produce. The company serves a diversified
base of produce growers, protein processors, egg suppliers,
cheesemakers, and other participants in the perishables supply
chain including retailers. Tosca has been owned by private equity
firm Apax Partners since 2017.

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


TUPPERWARE BRANDS: Moody's Withdraws Caa2 CFR on Debt Redemption
----------------------------------------------------------------
Moody's Investors Service has withdrawn all ratings for Tupperware
Brands Corporation including the company's Caa2 Corporate Family
Rating, Caa2-PD Probability of Default Rating, and the SGL-4
Speculative Grade Liquidity Rating.

The following ratings/assessments are affected by the action:

Ratings Withdrawn:

Issuer: Tupperware Brands Corporation

Corporate Family Rating, Withdrawn , previously rated Caa2 on
review for upgrade

Probability of Default Rating, Withdrawn , previously rated
Caa2-PD on review for upgrade

Speculative Grade Liquidity Rating, Withdrawn , previously rated
SGL-4

Senior Unsecured Regular Bond/Debenture, Withdrawn, previously
rated Caa3 (LGD5) on review for upgrade

Outlook Actions:

Issuer: Tupperware Brands Corporation

Outlook, Changed to Rating Withdrawn from Rating Under Review

RATINGS RATIONALE

Moody's has withdrawn all of Tupperware's ratings following the
company's disclosure on December 3, 2020 that it completed the
redemption of all of its outstanding 4.75% senior unsecured notes
due June 1, 2021.

Tupperware Brands Corporation is a global manufacturer and direct
seller of consumer products across multiple categories including
food storage, preparation and serving items, and beauty and
personal care products. Products are sold through a worldwide sales
force that includes approximately 3 million independent dealers.
Tupperware is publicly traded and generated approximately $1.7
billion in annual revenue.


TWT LLC: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------
The U.S. Trustee for Region 18 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of TWT LLC.
  
                           About TWT LLC
  
TWT LLC sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. E.D. Wash. Case No. 21-00045) on Jan. 13, 2021.  The
petition was filed pro se.  Judge Whitman L. Holt oversees the
case.

At the time of the filing, the Debtor had estimated assets of
between $1 million and $10 million and liabilities of less than $1
million.  
  



US STEEL: Moody's Rates Senior Unsecured Notes 'Caa2'
-----------------------------------------------------
Moody's Investors Service assigned a Caa2 rating to United States
Steel Corporation's senior unsecured notes. All of U. S. Steel's
other ratings including its Caa1 Corporate Family Rating, Caa1-PD
Probability of Default Rating, all debt instrument ratings, its
Speculative Grade Liquidity Rating of SGL-3 and its stable outlook
remain unchanged.

The company intends to use the net proceeds from this offering,
together with cash on hand, to redeem the remaining 2025 senior
secured notes with a principal balance of about $686 million net of
its planned 35% equity claw back and to cover related fees and
expenses and for general corporate purposes, which may include
further repayment of outstanding indebtedness. The company notified
the trustee on the indenture of its intention to redeem
approximately $370 million of the senior secured notes on March 4,
2021, representing approximately 35% of the $1.056 billion
principal amount outstanding at a price equal to 112% of the
principal amount with the proceeds from its recent secondary equity
offering. These transactions will push out U. S. Steel's debt
maturities, increase its financial flexibility, retire its high
cost debt and result in significant interest savings. If the
company continues to pay down debt, steel prices stabilize at a
higher than historical level and it successfully integrates Big
River Steel and executes on its "Best of Both" strategy then its
ratings could be considered for an upgrade.

Assignments:

Issuer: United States Steel Corporation

Senior Unsecured Regular Bond/Debenture, Assigned Caa2 (LGD5)

RATINGS RATIONALE

U. S. Steel's Caa1 corporate family rating reflects its high
leverage, weak interest coverage, inconsistent free cash flow which
will continue to be impacted by its elevated capital investments in
its "Best of Both" strategy, as well as its highly variable
operating performance due to its exposure to cyclical end markets
and volatile steel prices. The rating also incorporates the
company's large size and scale and strong market position as a
leading US flat-rolled steel producer and whose footprint is
further enhanced by its diversification in Central Europe. It also
considers our expectation for a significantly improved operating
performance in 2021 that may result in near term metrics that are
somewhat strong for the rating, but are not likely sustainable as
steel prices return to a more normalized level when supply and
demand comes into balance later this year.

U. S. Steel's operating results are expected to materially
strengthen in 2021 and adjusted EBITDA could rise to $1 billion or
higher due to a quicker than anticipated recovery in its key end
markets, with the exception of the oil & gas sector, along with the
addition of Big River Steel and the recent surge in steel prices.
Its U. S. Steel Europe segment will also benefit from the same
improved fundamentals as its domestic operations. If U. S. Steel is
able to produce adjusted EBITDA of more than $1 billion and uses
its free cash flow to pay down debt, then its leverage ratio
(debt/EBITDA) could decline below 6.0x and its interest coverage
(EBIT/Interest) could rise above 1.0x. These metrics will become
more commensurate with the Caa1 corporate family rating.

U. S. Steel has a speculative grade liquidity rating of SGL-3 since
it is expected to maintain adequate liquidity. It had about $2.0
billion of unrestricted cash as of December 31, 2020, a portion of
which was used to complete the acquisition of the remaining
ownership interest in Big River Steel for approximately $774
million in January 2021. The company has a $2 billion asset based
revolving credit facility which matures in October 2024 and
contains a $150 million first in-last out tranche and had $500
million of borrowings outstanding as of September 30, 2020. The
facility requires the company to maintain a fixed charge coverage
ratio of 1.0x should availability be less than the greater of 10%
of the total aggregate commitment and $200 million. The company's
borrowing availability was effectively reduced by $200 million
since it would not be able to meet the fixed charge coverage ratio.
Additionally, due to the level of receivables and inventory
qualifying for inclusion in the borrowing base being less than the
facility total, availability was reduced by a further $294 million.
Consequently, availability was about $1 billion as of September 30,
2020.

The company also has a Euro 460 million ($539 million equivalent at
September 30, 2020) secured credit facility at its U. S. Steel
Kosice (USSK) subsidiary in Europe, which matures in September
2023. Euro 350 million (roughly $410 million) was outstanding at
September 30, 2020.

The Caa2 ratings on the company's convertible notes, senior
unsecured notes and IRB's reflects their effective subordination to
the secured ABL, secured notes and bonds as well as priority
payables. The B3 rating on the company's senior secured debt
reflects its priority position in the capital structure.

The stable ratings outlook incorporates our expectation for a
significantly improved operating performance in 2021 that will
result in credit metrics that support the company's rating.

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

U. S. Steel's ratings could be considered for an upgrade if the
recent improvement in market conditions is sustained, Big River
Steel is successfully integrated and the strategic benefits of the
"Best of Both" strategy is achieved. Quantitatively, if U. S. Steel
is able to sustain leverage of no more than 4.5x through varying
price points and (CFO-dividends) in excess of 10% of its
outstanding debt, ratings could be positively impacted.

The company's ratings could be downgraded should debt protection
metrics and leverage not evidence an improving trend, or the degree
of cash burn exceeds expectation and the liquidity runway
deteriorates more rapidly than anticipated.

Headquartered in Pittsburgh, Pennsylvania, United States Steel
Corporation is the third largest flat-rolled steel producer in the
US in terms of production capacity. The company manufactures and
sells a wide variety of steel sheet, tubular and tin products
across a broad array of industries including service centers,
transportation, appliance, construction, containers, and oil, gas
and petrochemicals. It also has an integrated steel plant and coke
production facilities in Slovakia (U. S. Steel Kosice). Revenues
for the twelve months ended December 31, 2020 were $9.7 billion.

The principal methodology used in this rating was Steel Industry
published in September 2017.


VRAI TABERNACLE: $2M Sale to Allow Full Payment to Creditors
------------------------------------------------------------
Vrai Tabernacle de Jesus, Inc. (a/k/a Vrai Tabernacle de Jesus
Christ, Inc.), a non-profit religious organization that conducts
services for its members and provides assistance to the needy in
Haiti, submitted an Amended Chapter 11 Plan of Reorganization and a
corresponding Disclosure Statement on Feb. 4, 2021.

Vrai owns two pieces of real property.  It operates out of 4524 Gun
Club Rd, #202-203. It owns property at 1656 S Congress Ave, Palm
Springs, FL ("1656 S Congress"). The property located at 1656 S.
Congress is scheduled to be sold to a third party on Feb. 17, 2021.
The purchase price of the property is $2,000,000.

The liens and encumbrances on the 1656 S. Congress property total
approximately $1,463,886.  The Debtor estimates that it will
receive approximately $400,000 from the sale of the property.
These proceeds from the sale will be used to pay unsecured
creditors of the Debtor.

The Debtor initially believed it owed $80,000 to the Village of
Palm Springs. A title review shows that the Village released its
lien.  There is no outstanding obligation to the Village.  The
Debtor objected to the claim of Global Management Trust in the
amount of $728,386.  The Debtor is not responsible for this debt.
A hearing on the objection to claim was held on January 12, 2021
and the Court sustained the objection to the claim.

Prior to filing the bankruptcy, the Debtor obtained an Economic
Injury Disaster Loan from the U.S. Small Business Administration.
Pursuant to the terms of the loan, in the amount of $149,864,
payments will not begin until July, 2021 and will be paid over 15
years.  The estimated payment will be $896.93 per month.

The Debtor will continue to operate out of the 4524 Gun Club
property.  4524 Gun Club is valued at $250,000 and secures debt in
the amount of $200,000.  At the time of the filing, and
post-petition, the Debtor is current with its payments to the
lienholders on this property.  The monthly payment on this mortgage
is a combined amount of $3,720.

Amendments made to secured creditors include:

     * Class 1 consists of the secured claim of Charles Capital
Group, LLC, in the amount of $948,600.  This amount will be paid in
full satisfaction of the claim upon the closing of the sale of the
1656 S. Congress property.  
    
      * Class 2 consists of the secured claim of E&Y Assets, LLC,
in the amount of $415,916.  This amount will be paid in full
satisfaction of the claim upon the closing of the sale of the 1656
S. Congress property.

     * Class 3 consists of the secured claim of Palm Beach County
Tax Collector in the amount of $3,000.  This amount will be paid in
full satisfaction of the claim upon the closing of the sale of the
1656 S. Congress property.

     * Class 7 consists of the secured claim of 1670 S. Congress
Avenue Holdings, LLC holds a judgment in the amount of $10,035.
This judgment is secured by the property and will be paid at the
closing of the sale of the property. The class is unimpaired.

Like in the prior iteration of the Plan, Unsecured creditors except
for the U.S. Small Business Administration in Class 9 will be paid
in full over 12 months.  The first payment will be 30 days after
the effective date.  The Debtor reserves the right to pay all
claims in full within 30 days after the effective date.

Class 10 consists of the unsecured claim of the Small Business
Administration. This claim will be paid in accordance with the
terms of the note.  It is estimated that the payment will be
approximately $896.93 per month for 15 years.

A full-text copy of the Amended Disclosure Statement dated Feb. 4,
2021, is available at https://bit.ly/3rM1dvZ from PacerMonitor.com
at no charge.

Counsel for the Debtor:

     BRIAN K. MCMAHON, P.A.
     1401 Forum way, 6th Floor
     West Palm Beach, FL 33401
     Tel: (561) 478-2500
     Fax: (561) 478-3111
     E-mail: briankmcmahon@gmail.com

                About Vrai Tabernacle de Jesus

Vrai Tabernacle de Jesus, Inc., is a non-profit religious
organization that conducts services for its members and provides
assistance to the needy in Haiti.

Vrai Tabernacle de Jesus filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
20-21421) on Oct. 19, 2020.  Vrai Tabernacle President Lenese
Naval-Estiverne signed the petition.  At the time of filing, the
Debtor was estimated to have $1 million to $10 million in both
assets and liabilities.  Judge Mindy A. Mora oversees the case.
Brian K. McMahon, P.A., serves as the Debtor's legal counsel.


WALKER RADIO: Wins Cash Collateral Access Thru March 17
-------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas,
Lubock Division, has authorized Walker Radio Group LLC and David
Joel Walker to use cash collateral on an interim basis through
March 17, 2021.

David Walker owns 75% of Walker Radio Group, LLC, and the other 25%
is owned in 12.5% increments respectively by a limited liability
company owned by two individuals who inherited their interest from
their father, Tommy Turner, who served as corporate counsel for the
entity prior to his sudden death, and an employee named Brandon
King who serves as the radio station's director of operations.

Like almost every other AM/FM station in the nation, KRBL has been
crippled by the COVID-19 crisis. The small businesses that under
normal economic conditions would purchase its advertising simply do
not now have funds available to purchase broadcast time spots on
the station. Thus, cash flow is way down and the station has been
unable to generate sufficient revenues to pay its ongoing expenses
much less service the debt secured by the assets owned by the
station.

The schedule of liabilities for Walker Radio Group reflects that
there is very little unsecured trade debt. Since the COVID crisis
struck in March of 2020, the station has been operating on a
strictly cash basis as it has gone to basically a COD payment
arrangement with all of its vendors.

The secured creditors Triumph Communications Company, Trinity
Compress Real Estate Company, and the U.S. Small Business
Administration are owed in excess of $568,000. The best estimate of
the current fair market value of Walker Radio Group's assets is
between $75,000 and $150,000.

Currently, Walker Radio Group has operating funds in the amount of
$140,000 due to an EIDL loan it obtained from the SBA. The loan
provides economic relief to small businesses, agricultural
enterprises, and nonprofit organizations experiencing a temporary
loss of revenue due to the COVID-19 pandemic. The loan funds can be
used for working capital and normal operating expenses such as pay
roll, utilities, rent, and continued health care services. It has a
fixed annual interest rate of 3.75% and is payable over 30 years.
The SBA loan is secured by a perfected security interest in
personal property of Walker Radio Group including machinery and
equipment, inventory and accounts receivable. These funds will
allow the Debtors to finance the operations of the station during
the pending bankruptcy proceedings. TCRE also has a claim secured
by a perfected security interest in personal property of Walker
Radio Group including equipment, inventory and accounts
receivable.

Counsel for the Debtors, the Assistant U.S. Attorney representing
the SBA, and counsel for TCRE have consulted and reached an
agreement that allows Walker Radio Group to use the EIDL funds for
the purposes for which they were intended. The loan funds totaling
$140,000 will be segregated into a separate Debtor in Possession
depository account at an approved depository of the Office of the
United States Trustee. The SBA consents to the Debtor being granted
authority to use the $140,000 in accordance with the budget to pay
expenses associated with the operations of the radio station for a
period of 90 days, and set a hearing to consider the Debtors'
request for continued use of cash collateral.

The Debtors are directed to provide an accounting of the use of the
EIDL funds in their monthly operating reports filed in this case or
within 72 hours from a written request from SBA or its counsel.

A hearing will be held by video conference and/or phone on March 17
at 1:30 p.m.

A copy of the Order and the Debtor's budget through May 2021 is
available at https://bit.ly/37272xs from PacerMonitor.com.

                  About Walker Radio Group LLC

Walker Radio Group, LLC filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case
No.20-50234) on Dec. 9, 2020, listing under $1 million in both
assets and liabilities.

Judge Robert L. Jones oversees the case.

The Debtor tapped Mullin Hoard & Brown, LLP as legal counsel and
Richard A. Newman at Howard, Cunningham, Houchin & Turner, LLP as
accountant.

The  U.S. Small Business Administration, as lender, is represented
by:

     Erin Nealy Cox, Esq.
     U.S. States Attorney
     Donna K. Webb, Esq., Assistant U.S. Attorney
     1100 Commerce St., Ste. 300
     Dallas, TX 75242
     Tel: (214) 659-8600
     Fax: (214) 659-8807
     E-mail: donna.webb@usdoj.gov

Trinity Compress Real Estate Company, as lender, is represented
by:

     Max R. Tarbox, Esq.     
     TARBOX LAW, P.C.
     2301 Broadway
     Lubbock, TX 79401
     Tel: (806) 686-4448
     Fax: (806) 368-9785
     E-mail: max@tarboxlaw.com



WARDMAN HOTEL: Court Denies Marriott's Bid to Move Case to DC
-------------------------------------------------------------
Allison McNeely of Bloomberg News reports that Marriott
International Inc. lost its request to transfer the bankruptcy case
for the Wardman Park Hotel, the century-old conference center in
Adams Morgan, to a court in Washington, D.C.

Marriott lawyers argued in a hearing Tuesday that it makes sense
for the restructuring to be conducted in D.C. rather than Delaware
because the bankruptcy concerns a single asset, as opposed to a
complex company.

Wardman Park Hotel counsel said that the debtor and the equity
holder are both Delaware-based companies, and changing venue would
introduce uncertainty in the sale process.

                   About Wardman Hotel Owner

Wardman Hotel Owner, L.L.C., owns Marriott Wardman Park Hotel, a
convention hotel located at 2600 Woodley Road NW, in the Woodley
Park neighborhood of Washington, D.C.

Wardman Hotel Owner, L.L.C., filed a Chapter 11 bankruptcy petition
(Bankr. D. Del. Case No. 21-10023) on Jan. 11, 2021. In the
petition signed by James D. Decker, manager, the Debtor estimated
$100 million to $500 million in assets and liabilities.  The Hon.
John T. Dorsey is the case judge.  PACHULSKI STANG ZIEHL & JONES
LLP, led by Laura Davis Jones, is the Debtor's counsel.


WAVE COMPUTING: Court OKs Plan With Chance of Full Recovery
-----------------------------------------------------------
Daniel Gill of Bloomberg Law reports that Wave Computing Inc.'s
creditors will recover at least 80% and possibly all of their $41
million in claims following court approval of the artificial
intelligence company's Chapter 11 plan.

Under the amended plan, approved Wednesday, Feb. 10, 2021, by Judge
M. Elaine Hammond of the U.S. Bankruptcy Court for the Northern
District of California, secured lender Tallwood Technology Partners
LLC will acquire Wave for $61 million, said Wave's attorney, Sam
Newman of Sidley Austin LLP. Tallwood paid cash and applied debt to
beat the highest cash bid of $58 million in a bankruptcy auction.

                      About Wave Computing

Wave Computing, Inc. -- https://wavecomp.ai -- is a Santa Clara,
Calif.-based company that revolutionizes artificial intelligence
(AI) with its dataflow-based solutions.  

Wave Computing and its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Cal. Lead Case No. 20 50682)
on April 27, 2020. At the time of the filing, Debtors had estimated
assets of between $1 million and $10 million and liabilities of
between $50 million and $100 million.  

Judge Elaine M. Hammond oversees the cases.

The Debtors have tapped Sidley Austin, LLP as their bankruptcy
counsel, Affeld Grivakes LLP as conflict counsel, Paul Weiss
Rifkind Wharton & Garrison LLP as special counsel.  Lawrence
Perkins, CEO of SierraConstellation Partners LLC, is the Debtors'
chief restructuring officer.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on May 18, 2020. The committee is represented by Hogan
Lovells US, LLP.

On Nov. 20, 2020, the Court approved the Fifth Amended Disclosure
Statement for the Joint Chapter 11 Plan of Reorganization for Wave
Computing, Inc. and its Debtor Affiliates.


WB BRIDGE HOTEL: Seeks to Hire Robinson Brog as Legal Counsel
-------------------------------------------------------------
WB Bridge Hotel LLC and 159 Broadway Member LLC seek approval from
the U.S. Bankruptcy Court for the Southern District of New York to
hire Robinson Brog Leinwand Greene Genovese & Gluck P.C. as their
legal counsel.

The firm's services will include:

     (a) providing advice to the Debtors with respect to their
powers and duties under the Bankruptcy Code in the continued
operation of their business and the management of their property;

     (b) negotiating with creditors of the Debtors, preparing a
plan of reorganization and taking the necessary legal steps to
consummate a plan, including, if necessary, negotiations with
respect to financing a plan;

     (c) appearing before the various taxing authorities to work
out a plan to pay taxes owing in installments;

     (d) preparing legal documents;

     (e) appearing before the court;

     (f) other legal services necessary to administer the Debtors'
Chapter 11 cases.

The rates charged by the firm range from $450 to $775 per hour for
shareholders, $410 to $500 per hour for associates and counsel, and
$250 to $285 per hour for paralegals.

The firm received a retainer in the amount of $10,000.

Robinson Brog is a "disinterested person" as that term is defined
in Section 101(14) of the Bankruptcy Code, according to court
papers filed by the firm.

The firm can be reached through:

     Fred B. Ringel, Esq.
     Robinson Brog Leinwand Greene
     Genovese & Gluck P.C.
     875 Third Avenue
     New York, NY 10022
     Phone: +1 212-603-6300 / +1 212-603-6301
     Fax: (212) 956-2164
     Email: fbr@robinsonbrog.com


           About WB Bridge Hotel and 159 Broadway Member

WB Bridge Hotel LLC and 159 Broadway Member LLC are the owners of a
hotel and residential tower project in Brooklyn's hip Williamsburg
neighborhood.  The project covers a planned 26-story tower at 159
Broadway in Brooklyn, N.Y., that includes apartments and a 235-room
hotel across the street from the legendary Peter Luger Steakhouse.

The two entities are affiliated with Hollywood, Fla.-based GC
Realty Advisors LLC.  They are also affiliated with 85 Flatbush RHO
Mezz LLC, the owner of the Tillary Hotel Brooklyn, located at 85
Flatbush Extension, Brooklyn, N.Y.  

WB Bridge Hotel and 159 Broadway Member sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 20-23288) on Dec.
21, 2020.  The Debtors were each estimated to have $10 million to
$50 million in assets and liabilities.

Judge Robert D. Drain oversees the cases.  Robinson Brog Leinwand
Greene Genovese & Gluck PC is the Debtors' legal counsel.


WB BRIDGE HOTEL: U.S. Trustee Appoints Creditors' Committee
-----------------------------------------------------------
The U.S. Trustee for Region Region 2 on Feb. 10 appointed an
official committee to represent unsecured creditors in the Chapter
11 cases of WB Bridge Hotel, LLC and 159 Broadway Member, LLC.

The committee members are:

     1. Weylin Seymour LLC
        Attn: Carlos Perez San Martin
        Authorized Representative
        834 Driggs Avenue
        Brooklyn, NY 11211
        E-mail: carlos@weylin.com

     2. RA Engineering LLP
        Attn: Nidal Ali Saab, Partner
        1392 Madison Avenue #133
        New York, NY 10029
        Tel: 646-484-3250

     3. Sam Maintenance Service Inc.
        Attn: Shmuel Fuchs, President
        418 Melrose Street
        Brooklyn, NY 11237
        Tel: 718-408-8750 #103
        E-mail: sam@demoboyz.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

           About WB Bridge Hotel and 159 Broadway Member

WB Bridge Hotel LLC and 159 Broadway Member LLC are the owners of a
hotel and residential tower project in Brooklyn's hip Williamsburg
neighborhood.  The project covers a planned 26-story tower at 159
Broadway in Brooklyn, N.Y., that includes apartments and a 235-room
hotel across the street from the legendary Peter Luger Steakhouse.

The two entities are affiliated with Hollywood, Fla.-based GC
Realty Advisors LLC.  They are also affiliated with 85 Flatbush RHO
Mezz LLC, the owner of the Tillary Hotel Brooklyn, located at 85
Flatbush Extension, Brooklyn, NY.

WB Bridge Hotel and 159 Broadway Member sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 20-23288) on Dec. 21,
2020.  The Debtors were each estimated to have $10 million to $50
million in assets and liabilities.

Judge Robert D. Drain oversees the cases.  Robinson Brog Leinwand
Greene Genovese & Gluck PC is the Debtors' counsel.


[^] BOOK REVIEW: The First Junk Bond
------------------------------------
Author:     Harlan D. Platt
Publisher:  Beard Books
Softcover:  236 pages
List Price: $34.95
Review by Gail Owens Hoelscher

Order your personal copy today and one for a colleague at
http://www.beardbooks.com/beardbooks/the_first_junk_bond.html

Only one in ten failed businesses is equal to the task of
reorganizing itself and satisfying its prior debts in some fashion.
This engrossing book follows the extraordinary journey of Texas
International, Inc (known by its New York Stock Exchange stock
symbol, TEI), through its corporate growth and decline, debt
exchange offers, and corporate renaissance as Phoenix Resource
Companies, Inc. As Harlan Platt puts it, TEI "flourished for a
brief luminous moment but then crashed to earth and was consumed."
TEI's story features attention-grabbing characters, petroleum
exploration innovations, financial innovations, and lots of risk
taking.

The First Junk Bond was originally published in 1994 and received
solidly favorable reviews. The then-managing director of High Yield
Securities Research and Economics for Merrill Lynch said that the
book "is a richly detailed case study. Platt integrates corporate
history, industry fundamentals, financial analysis and bankruptcy
law on a scale that has rarely, if ever, been attempted." A retired
U.S. Bankruptcy Court judge noted, "(i)t should appeal as
supplementary reading to students in both business schools and law
schools. Even those who practice.in the areas of business law,
accounting and investments can obtain a greater understanding and
perspective of their professional expertise."

"TEI's saga is noteworthy because of the company's resilience and
ingenuity in coping with the changing environment of the 1980s, its
execution of innovative corporate strategies that were widely
imitated and its extraordinary trading history," says the author.
TEI issued the first junk bond. In 1986 it achieved the largest
percentage gain on the NYSE, and in 1987 suffered the largest
percentage loss. It issued one of the first bonds secured by a
physical commodity and then later issued one of the first PIK
(payment in kind) bonds. It was one of the first vulture investors,
to be targeted by vulture investors later on. Its president was
involved in an insider trading scandal. It innovated strip
financing. It engaged in several workouts to sell off operations
and raise cash to reduce debt.  It completed three exchange offers
that converted debt in to equity.

In 1977, TEI, primarily an oil production outfit, had had a
reprieve from bankruptcy through Michael Milken's first ever junk
bond. The fresh capital had allowed TEI to acquire a controlling
interest of Phoenix Resources Company, a part of King Resources
Company. TEI purchased creditors' claims against King that were
subsequently converted into stock under the terms of King's
reorganization plan. Only two years later, cash deficiencies forced
Phoenix to sell off its nonenergy businesses. Vulture investors
tried to buy up outstanding TEI stock. TEI sold off its own
nonenergy businesses, and focused on oil and gas exploration. An
enormous oil discovery in Egypt made the future look grand. The
value of TEI stock soared. Somehow, however, less than two years
later, TEI was in bankruptcy. What a ride!

All told, the book has 63 tables and 32 figures on all aspects of
TEI's rise, fall, and renaissance. Businesspeople will find
especially absorbing the details of how the company's bankruptcy
filing affected various stakeholders, the bankruptcy negotiation
process, and the alternative post-bankruptcy financial structures
that were considered. Those interested in the oil and gas industry
will find the book a primer on the subject, with an appendix
devoted to exploration and drilling, and another on oil and gas
accounting.

Harlan Platt is professor of Finance at Northeastern University. He
is president of 911RISK, Inc., which specializes in developing
analytical models to predict corporate distress.


                            *********

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.

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then-ending.

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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
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Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2021.  All rights reserved.  ISSN: 1520-9474.

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