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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

              Tuesday, October 19, 2021, Vol. 25, No. 291

                            Headlines

51 EAST 73RD: Files Amendment to Disclosure Statement
801 ASBURY AVENUE: 176 Route Wins Interim Cash Collateral Access
99 CENTS: S&P Alters Outlook to Negative, Affirms 'CCC+' ICR
AAR CORP: Egan-Jones Hikes Senior Unsecured Ratings to BB+
ACI WORLDWIDE: Egan-Jones Keeps B+ Senior Unsecured Ratings

ADVANCED TISSUE: Closes After Filing $25 Million Bankruptcy
ADVANCED TISSUE: Wins Cash Collateral Access Thru Oct 31
AGAPE WORLD: Seeks Cash Collateral Access
AGILE THERAPEUTICS: Closes $22.7-Mil. Underwritten Stock Offering
ALLIANT HOLDINGS: Moody's Affirms B3 CFR Following Partial Recap

AMERICAN SLEEP: May Use Cash Collateral Through Oct. 20
AMPHIL GROUP: Case Summary & Unsecured Creditor
ANTERO MIDSTREAM: S&P Upgrades ICR to 'BB', Outlook Stable
APPLOVIN CORP: Moody's Rates New $1.5BB Sr. Secured Term Loan 'B1'
AUDACY CAPITAL: Moody's Rates $45MM Second Lien Note Add-on 'B3'

AVIVAR HOSPITALITY: Taps Johnston Allison & Hord as Special Counsel
AVNET INC: Egan-Jones Keeps BB+ Senior Unsecured Ratings
B&G FOODS: Egan-Jones Keeps B+ Senior Unsecured Ratings
BECKER BOILER: Unsecured Creditors to Recover 9% to 11% in Plan
BLACKBERRY LIMITED: Egan-Jones Keeps CCC Senior Unsecured Ratings

BOSTON ROAD: Seeks to Hire Madoff & Khoury as Bankruptcy Counsel
BOSTON SCIENTIFIC: Egan-Jones Keeps BB+ Senior Unsecured Ratings
BROOKDALE SENIOR: Egan-Jones Keeps CC Senior Unsecured Ratings
BROOKFIELD SQUARE: Case Summary & 7 Unsecured Creditors
CAESARS ENTERTAINMENT: Egan-Jones Keeps CCC Sr. Unsecured Ratings

CAESARS HOLDINGS: Egan-Jones Keeps CCC Senior Unsecured Ratings
CALAMP CORP: Egan-Jones Keeps CCC Senior Unsecured Ratings
CAR STEREO: Plan Confirmation Hearing Continued to Nov. 15
CARECENTRIX HOLDINGS: S&P Places 'B-' ICR on CreditWatch Positive
CARLSON TRAVELS: Seeking Votes on Prepack Chapter 11 Plan

CARNIVAL CORP: Egan-Jones Keeps CCC+ Senior Unsecured Ratings
CATCH THIS HOLDINGS: Plan & Disclosure Hearing Continued to Nov. 1
CENTURY CASINOS: S&P Ups ICR to B on Faster-Than-Expected Recovery
CHAMBERLAIN GROUP: Fitch Assigns FirstTime 'B' IDR, Outlook Stable
CHAMBERLAIN GROUP: Moody's Assigns 'B3' Corp. Family Rating

CIMAREX ENERGY: Egan-Jones Keeps BB+ Senior Unsecured Ratings
CINEMARK HOLDINGS: Egan-Jones Keeps CCC Senior Unsecured Ratings
CLEAN HARBORS: Egan-Jones Keeps BB- Senior Unsecured Ratings
CLIFFORD PASSAGE: UST Seeks Conversion, Dismissal or Appointment
COLORADO PROPERTY: U.S. Trustee Unable to Appoint Committee

CORECIVIC INC: Egan-Jones Hikes Senior Unsecured Ratings to BB+
CORNERSTONE ONDEMAND: Egan-Jones Keeps CCC Sr. Unsecured Ratings
COTERRA ENERGY: Egan-Jones Keeps BB+ Senior Unsecured Ratings
CYTODYN INC: Court Denies Rosenbaum-Led Group's Claims
DAVITA INC: Egan-Jones Keeps BB- Senior Unsecured Ratings

DC TELECOMM: Hires Tax & Accounting Professionals as Accountant
DELL TECHNOLOGIES: Egan-Jones Keeps BB- Senior Unsecured Ratings
DELTA MATERIALS: First Amended Joint Plan Confirmed by Judge
EAGLE HOSPITALITY: Settles With Creditors, Files Bankruptcy Plan
EDUCATION FUTURES: Vista College Files for Ch. 7 Bankruptcy

ELDERHOME LAND: Taps Hirschler Fleischer as New Counsel
ENERPLUS CORP: Egan-Jones Keeps B Senior Unsecured Ratings
ENVIVA PARTNERS: S&P Affirms 'BB-' ICR, Outlook Stable
EP GLOBAL: Moody's Assigns First Time 'B2' Corporate Family Rating
EXCELLENCE 2000: Seeks to Hire Baker & Associates as Legal Counsel

EZTOPELIZ LLC: Unsecured Creditors to Get Share of Sale Proceeds
FIRST CHOICE: Case Summary & 3 Unsecured Creditors
GAP INC: Egan-Jones Keeps B+ Senior Unsecured Ratings
GATE NY: Tiger Group to Auction Remaining Equipment Assets
GENESIS PLACE: Seeks to Hire Woodyard Realty as Real Estate Broker

GLOBALSTAR INC: Egan-Jones Keeps CC Senior Unsecured Ratings
GOODYEAR TIRE: Egan-Jones Keeps B+ Senior Unsecured Ratings
GULF COAST: Gets Court Approval to Tap $25 Mil. Ch. 11 Financing
GVS TEXAS: RREF III Storage Withdraws Motion to Appoint Trustee
GVS TEXAS: UST Seeks Case Trustee or Chapter 7 Conversion

HANDL NEW YORK: Seeks to Hire Fleming & Associates as Accountant
HAWAIIAN HOLDINGS: Early Tender Deadline Extended to Oct. 21
HERTZ GLOBAL: Plans Equity Offering With Bankruptcy in Rear View
HORIZON COMMUNITY: S&P Affirms 'BB+' Rating on 2016 Revenue Bonds
HOVNANIAN ENTERPRISES: Egan-Jones Keeps CCC+ Sr. Unsecured Ratings

ICAN BENEFIT: Dec. 1 Plan Confirmation Hearing Set
IMERYS TALC: Seeks to Save Bankruptcy Plan
INFINERA CORP: Egan-Jones Keeps CC Senior Unsecured Ratings
INNOVATION PHARMACEUTICALS: Board OKs Employment Agreement With CEO
INTERTAPE POLYMER: Egan-Jones Keeps BB Senior Unsecured Ratings

IRB HOLDING: Moody's Affirms B2 CFR on Dunkin' Brands' Debt Raise
IRON MOUNTAIN: Egan-Jones Cuts Senior Unsecured Ratings to BB
IXS HOLDINGS: S&P Downgrades ICR to 'B-', Outlook Negative
JOHNSON & JOHNSON: "Can Run, But Can't Hide", Says Beasley Allen
JWB DESIGN: Unsecured Creditors to Get Share of Income for 5 Years

KIRBY CORP: Egan-Jones Keeps BB Senior Unsecured Ratings
KOSMOS ENERGY: Fitch Puts 'B' LongTerm IDR on Watch Positive
KOSMOS ENERGY: Moody's Alters Outlook on B2 CFR to Positive
KOSMOS ENERGY: S&P Alters Outlook to Positive, Affirms 'B' ICR
LAMB WESTON: Moody's Cuts CFR to Ba2 & Sr. Unsecured Notes to Ba3

LATAM AIRLINES: To Submit Plan in Coming Weeks
LAUTERBACH DENTAL: Seeks to Hire Dennis Spyra as Bankruptcy Counsel
LAWRENCE GENERAL HOSPITAL: S&P Affirms 'B-' Rating on Rev. Bonds
LEGGETT & PLATT: Egan-Jones Keeps BB+ Senior Unsecured Ratings
LINDSAY YORK: Gets Interim OK to Hire Garner & Munoz as Counsel

LKQ CORPORATION: Egan-Jones Hikes Senior Unsecured Ratings to BB+
LTL MANAGEMENT: Bankruptcy Administrator to Form Talc Committee
LTL MANAGEMENT: Seeks to Stay Lawsuits Against Johnson & Johnson
LUCILLE MANOR: Fails to Comply with OUST Requirements
MANITOWOC CO: Egan-Jones Hikes Senior Unsecured Ratings to B+

MARATHON OIL: Egan-Jones Keeps BB Senior Unsecured Ratings
MASTEC INC: Egan-Jones Keeps BB Senior Unsecured Ratings
MEDLEY LLC: Combined Disclosure & Plan Confirmed by Judge
MEDLEY LLC: Further Fine-Tunes Plan Documents
MERMAID BIDCO: S&P Alters Outlook to Positive, Affirms 'B-' ICR

MFA FINANCIAL: Egan-Jones Cuts Senior Unsecured Ratings to BB-
MICH'S MACCS: Seeks Cash Collateral Access
MIDTOWN CAMPUS: U.S. Bank Agrees to Proceed with Mediation
MIP V WASTE: Moody's Assigns B2 CFR & Rates $500MM Secured Debt B2
MODA INGLESIDE: Moody's Withdraws Ba3 CFR Following Debt Repayment

NATHAN'S FAMOUS: Egan-Jones Hikes Senior Unsecured Ratings to B-
NATURE COAST: Seeks to Hire David Jennis as Bankruptcy Counsel
NEKTAR THERAPEUTICS: Egan-Jones Keeps CCC- Sr. Unsecured Ratings
NEW HOLLAND: Unsecureds to Get 100% from Property Sale/Refinance
NRG ENERGY: Egan-Jones Keeps BB Senior Unsecured Ratings

NUANCE COMMUNICATIONS: Egan-Jones Keeps B+ Sr. Unsecured Ratings
OCWEN FINANCIAL: Egan-Jones Keeps CCC+ Senior Unsecured Ratings
OFS INTERNATIONAL: Taps NAI Partners as Real Estate Appraiser
OLMSTEAD BROTHERS: Taps Kutner Brinen as Bankruptcy Counsel
OMNIQ CORP: Gets $1.8M Purchase Order for Data Collection Solution

OUTFRONT MEDIA: Egan-Jones Keeps CCC Senior Unsecured Ratings
PAR LIMITED: Case Summary & 6 Unsecured Creditors
PATH MEDICAL: Sandra Zervoudakis Named Patient Care Ombudsman
PATH MEDICAL: Seeks to Hire Keefe McCullough as ESOP Auditor
PATTERSON COMPANIES: Egan-Jones Cuts Senior Unsecured Ratings to BB

PENN NATIONAL: Egan-Jones Keeps CCC Senior Unsecured Ratings
PHILIPPINE AIRLINES: Unsecured Trade Claimants to Recover 100%
PHUNWARE INC: Settles Uber Lawsuit for $6 Million
PURDUE PHARMA: ASK, W&C 2nd Update on Personal Injury Claimants
PURDUE PHARMA: District Judge Rejects Bid to Pause Plan

Q BIOMED: Incurs $1.8 Million Net Loss in Third Quarter
QUOTIENT LIMITED: Receives Note Holders Consents to Amend Indenture
R. INVESTMENTS: Disclosure Hearing Continued to Nov. 3
RED RIVER WASTE: Files for Chapter 11 Bankruptcy Protection
RESULTS FITNESS: Seeks to Hire DeCaro & Howell as Legal Counsel

REVLON INC: Egan-Jones Keeps C Senior Unsecured Ratings
RICHMOND EVENTS: Case Summary & 20 Largest Unsecured Creditors
RICKENBAKER GIN: UST Seeks Appointment of Examiner
RITE AID: Egan-Jones Keeps CCC Senior Unsecured Ratings
RIVERA FAMILY: Seeks to Hire Pittman & Pittman as Legal Counsel

SANTA FE ARCHDIOCESE: Victims Express Frustration on Case Pace
SBHC HOLDINGS: S&P Assigns 'B-' ICR on Acquisition, Outlook Stable
SCIENTIFIC GAMES: Egan-Jones Keeps CCC Senior Unsecured Ratings
SCIENTIFIC GAMES: S&P Places 'B' ICR on CreditWatch Positive
SEAFOOD JUNKIE: Hearing Today on Bid to Use Cash Collateral

SEAGATE TECHNOLOGY: Egan-Jones Keeps BB Senior Unsecured Ratings
SEBSEN ELECTRIC: Unsecureds Will Get 21% of Claims in 5 Years
SHAPE TECHNOLOGIES: Moody's Ups CFR & Secured Term Loan to Caa1
SHARITY MINISTRIES: Unsec. Creditors to Recover 0% to 10% in Plan
SHASTRA USA: Voluntary Chapter 11 Case Summary

SHAWN JENSEN: Seeks Termination of Patient Care Ombudsman
SOCAL MRO: Seeks to Employ Frazee Law Group as Bankruptcy Counsel
SONIC AUTOMOTIVE: Moody's Rates New $1BB Sr. Unsecured Notes 'B1'
SPECTRUM LINK: UST Seeks Payment of Quarterly Fees
STAR GROUP: Egan-Jones Keeps BB+ Senior Unsecured Ratings

STERICYCLE INC: Egan-Jones Keeps B+ Senior Unsecured Ratings
STONEX GROUP: Egan-Jones Keeps B+ Senior Unsecured Ratings
SUMMIT FINANCIAL: Seeks to Hire Arent Fox as Bankruptcy Counsel
SUMMIT MIDSTREAM: Egan-Jones Keeps B Senior Unsecured Ratings
SYSTEM1 INC: S&P Assigns Preliminary 'B' ICR, Outlook Stable

TACALA INVESTMENT: Moody's Alters Outlook on B3 CFR to Stable
TAMARACK RESORT: MMG Equity Takes Full Control of Company
TECOSTAR HOLDINGS: Moody's Cuts CFR to Caa1 & 1st Lien Loan to B3
TEGNA INC: Egan-Jones Keeps CCC+ Senior Unsecured Ratings
TELIGENT INC.: Has Court OK to Tap $6M to Fund 3-Month Sale Process

TENNECO INC: Egan-Jones Keeps B- Senior Unsecured Ratings
TERADATA CORP: Egan-Jones Cuts Senior Unsecured Ratings to BB-
THREESQUARE LLC: Updates Plan to Include IRS Claims Pay Details
TIX CORPORATION: Seeks to Tap Greenberg Traurig as Special Counsel
TOWN & COUNTRY: Cash Collateral Access Terminated

TOWN & COUNTRY: Court Directs Ch. 11 Trustee Appointment
TRANSALTA CORP: Egan-Jones Keeps BB Senior Unsecured Ratings
TRIDENT BRANDS: Delays Filing of Form 10-Q for Period Ended Aug. 31
TRUE ENTERPRISE: Case Summary & 6 Unsecured Creditors
TURNING POINT: Moody's Confirms 'B2' CFR, Outlook Stable

UFS HOLDINGS: S&P Withdraws 'CCC-' Issuer-Credit Rating
UNITED NATURAL FOODS: S&P Upgrades ICR to 'B+', Outlook Stable
UNIVERSAL CORP: Egan-Jones Keeps BB+ Senior Unsecured Ratings
US CELLULAR: Egan-Jones Keeps BB- Senior Unsecured Ratings
VERTEX ENERGY: Extends 'Heartland Note' Due Date to February 2022

VERTIV GROUP: Moody's Rates New $850MM Senior Secured Notes 'B1'
WASHINGTON PRIME: Fitch Withdraws 'D' LongTerm IDR
WC MET CENTER: Seeks to Hire Fishman Jackson as Bankruptcy Counsel
WC MET CENTER: Taps Columbia Consulting Group as Financial Advisor
WHITING PETROLEUM: Egan-Jones Keeps B Senior Unsecured Ratings

WILSON GOMER: Patient Care Ombudsman Files First Report
WORKDAY INC: Egan-Jones Keeps B Senior Unsecured Ratings
[*] Jon Orr Joins Stretto as Senior Managing Director
[*] Seward & Kissel Launches Corporate Restructuring Blog
[^] Large Companies with Insolvent Balance Sheet


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51 EAST 73RD: Files Amendment to Disclosure Statement
-----------------------------------------------------
Lori Jones, the Chapter 11 trustee for 51 East 73rd St LLC,
submitted a First Amended Disclosure Statement describing Plan of
Liquidation dated October 14, 2021.

On October 14, 2021, the Bankruptcy Court conditionally approved
this Disclosure Statement as containing adequate information of a
kind and in sufficient detail to enable a hypothetical holder of an
allowed claim against the Debtor to make an informed judgment
whether to accept or reject the Trustee's Plan of Liquidation dated
October 4, 2021.

The Bankruptcy Court has scheduled November 23, 2021 at 10:00 a.m.
as the Combined Hearing on Final Disclosure Statement Approval and
Plan Confirmation. November 16, 2021 by 5:00 p.m. is the deadline
to file objections to Plan Confirmation.

The centerpiece of the Plan is the post-confirmation closing on the
363 Sale of the Debtor's real property and improvements located at
51-53 East 73rd Street, New York, New York 10021 ("Property"). The
363 Sale of the Property was conducted on July 29, 2021 pursuant to
the Sale Stipulation approved by the Bankruptcy Court and the Terms
and Conditions of Sale approved by the Bankruptcy Court. NYC NPL,
having credit bid the sum of $25,000,000 for the Property, was the
successful bidder at the 363 Sale.

The Amended Disclosure Statement does not alter the proposed
treatment for unsecured creditors and the equity holder:

     * Class 5 shall consist of all Allowed Unsecured Claims, which
include any allowed Deficiency Claims. Class 5 is impaired.
Consistent with the Sale Stipulation, Allowed General Unsecured
Claims, which shall include all Allowed Deficiency Claims, except
any Deficiency Claim of NYC NPL, will be paid their Pro Rata share
of no less than the Allowed General Unsecured Claim Reserve. In
addition, Allowed General Unsecured Claims, including Allowed
Deficiency Claims, may be paid their Pro Rata share of any
additional proceeds up to the amounts of the Allowed General
Unsecured Claims from: (a) any recoveries from Causes of Action;
and/or (b) any other source of recovery. Distributions will be made
to Holders of Allowed General Unsecured Claims by the Trustee or
the Plan Administrator after all Claims are resolved.

     * Class 6 shall consist of all Allowed Equity Interests. Class
6 is impaired. Allowed Equity Interests are not anticipated to
receive any Distribution from the Estate given that the Holders of
Allowed Class 2, 3 and 5 Claims will not be made whole.

The Plan shall be funded with the Carve-Out pursuant to the Sale
Stipulation together with the proceeds, if any, from the
prosecution of Causes of Action and any other source of recovery.

A full-text copy of the First Amended Disclosure Statement dated
October 14, 2021, is available at https://bit.ly/3viWuFk from
PacerMonitor.com at no charge.

Counsel to Lori Lapin Jones:

     Holly R. Holecek, Esq.
     LaMonica Herbst & Maniscalco, LLP
     3305 Jerusalem Ave #201
     Wantagh, NY 11793
     Phone: (516) 826-6500
     Fax: (516) 826-0222
     Email: hrh@lhmlawfirm.com

                    About 51 East 73rd St LLC

51 East 73rd St, LLC, owns and operates a real estate located at
51-53 East 73rd Street, N.Y.

51 East 73rd St sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 20-10683) on March 3,
2020. At the time of the filing, Debtor disclosed assets of between
$10 million and $50 million and liabilities of the same range.  The
Debtor is represented by Leo Fox, Esq.

Lori Lapin Jones, Esq., was appointed as the Debtor's Chapter 11
trustee. The trustee is represented by LaMonica Herbst &
Maniscalco, LLP.


801 ASBURY AVENUE: 176 Route Wins Interim Cash Collateral Access
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Judge Andrew B. Altenburg, Jr. of the U.S. Bankruptcy Court for the
District of New Jersey authorized 176 Route 50, LLC,
debtor-affiliate of 801 Asbury Avenue, LLC, to use cash collateral
from October 17 through November 20, 2021, pursuant to an approved
budget, to fund its business operations, some costs related to the
administration of its Chapter 11 case, and to pay for maintenance
and repair cost of certain of its properties.  

The Debtor's cash flow projection provided for these total weekly
disbursements:

     $1,160 for the week ending October 23, 2021;

       $750 for the week ending October 30, 2021;

     $8,633 for the week ending November 6, 2021;

       $526 for the week ending November 13, 2021; and

     $3,127 for the week ending November 20, 2021.

Judge Altenburg also authorized the Debtor to conduct emergency
maintenance and repairs to the Property known as 176 Route 50,
Estell Manor, NJ, provided that the Debtor shall present to Lender,
National Capital Management LP ("NCM") pertinent documentation and
costs of repairs immediately thereafter.  The Court further ruled
that the Debtor may also pay for maintenance and repair costs of
less than $750 without NCM's prior written consent.  Prepetition,
the Debtor contracted debts to NCM and another lender, Kutztown
Mortgage Partners, LLC, through a series of loans that are secured
by a blanket lien on all of the Debtor's assets.

As adequate protection, the Lenders are granted replacement liens
to the same extent, validity and priority of their respective
prepetition liens, for the diminution in value of such creditor's
prepetition liens in cash collateral.  The Lenders shall have a
superpriority administrative expense claim to the extent the
adequate protection provided proves insufficient.  Moreover, the
Debtor shall make monthly adequate protection payments of $1,730 to
the Lenders during the interim period, plus any "overage" defined
as additional monthly revenue over budgeted expenses.

A copy of the fifth interim order is available for free at
https://bit.ly/3lFyb0S from PacerMonitor.com.

A final hearing on the use of cash collateral will be held on
November 18, 2021 at 10 a.m.  Objections must be filed and served
on or before Nov. 16.

                      About 801 Asbury Avenue

801 Asbury Avenue, LLC is a New Jersey limited liability
corporation which owns and operates commercial real property in
Ocean City.

801 Asbury Avenue, LLC along with affiliate 176 Route 50, LLC
sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. D. N.J. Case No. 21-14401 and 21-14402) on May 26, 2021. In
the petition signed by James McCallion, sole member, 801 Asbury
disclosed up to $10 million in both assets and liabilities.

Judge Andrew B. Altenburg, Jr. oversees the jointly administered
cases.

David B. Smith, Esq., at Smith Kane Holman, LLC is the Debtors'
counsel.



99 CENTS: S&P Alters Outlook to Negative, Affirms 'CCC+' ICR
------------------------------------------------------------
S&P Global Ratings revised its rating outlook on 99 Cents Only
Stores LLC to negative from stable and affirmed its 'CCC+' issuer
credit rating. S&P also affirmed its 'B-' issue-level rating on the
company's $350 million senior secured notes due in 2026, and the
'2' recovery rating is unchanged.

S&P said, "The negative outlook on 99 Cents Only reflects our
expectation that persistent negative free operating cash flow
(FOCF) and weak credit metrics over the next 12 months provide a
limited cushion for it to absorb additional setbacks in its
turnaround efforts.

"Although the company's financial commitments appear unsustainable
over the long term, we do not assume a near-term credit or payment
shortfall.

"The negative outlook reflects the challenging operating
environment 99 Cents Only Stores continues to face in fiscal 2022
and our view that it's been slow to rebound to pre-pandemic traffic
patterns. In the second quarter of fiscal 2022 (ended July 2021),
same-store sales decreased 8% and revenues continued to face
headwinds from the COVID-19 pandemic. This is because of the
company's exposure to the California economy, where it has
significant geographic concentration. California's capacity
restrictions were only lifted in the middle of the second quarter
of fiscal 2022, and Mexico border closures were still in effect as
of October 2021. While 99 Cents only measurably improved comparable
sales into the third quarter to low-single-digit percent negatives
along with a continued increase in average ticket, its operations
continue to be slowed by altered consumer behavior. Customers are
continuing their pandemic driven patterns of prioritizing
convenience over value, and we also expect inflationary pressures
on merchandise and payroll as well as supply chain constraints in
fiscal 2022. Finally, while the company still invested in growth
and margin expansion initiatives, it did scale back some on its
beginning of year plans, including upgrading thirty stores instead
of initial plans for thirty-nine. This weakened its profitability
prospects, in our view.

"99 Cents Only has sufficient liquidity to withstand a period of
cash burn while its business trends recover, though it has little
capacity for additional disruptions. We expect FOCF generation will
remain negative over the coming years because of the annual $20
million cash dividend payment on its preferred equity. We note the
company can potentially scale back Capex spending if needed, should
asset sales not materialize. As of the end of the second quarter,
the company had about $9.5 million cash on hand with $60 million
available under its revolving credit facility. It executed
sale-leaseback transactions in September 2021 and we believe it has
the potential to receive further net proceeds from real estate
transactions in the future to reinvest in the business and support
liquidity on an opportunistic basis. In our view, 99 Cents Only
could face a cash shortfall in the next 12-24 months if further
difficulties worsen its performance.

"Despite our near-term expectations for cost savings and revenue
growth, we continue to view the company's capital structure as
unsustainable given its high debt burden. We expect leverage will
remain high throughout fiscal 2023 as rising debt due to its
payment-in-kind (PIK), interest-laden capital structure offsets
earnings growth. In our view, it depends on favorable business and
economic conditions to expand and manage high leverage despite the
absence of near-term debt maturity risk."

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

-- Health and safety

S&P said, "The negative outlook on 99 Cents Only reflects our
expectation that its persistent FOCF deficit and weak credit
metrics over the next 12 months provide a limited cushion to absorb
additional setbacks in its turnaround efforts. Although its
financial commitments appear unsustainable over the long term, we
do not assume a near-term credit or payment shortfall."

S&P could lower its rating on 99 Cents Only if its operating
performance deteriorates, possibly because of:

-- Intensifying competition further eroding profitability;
or

-- Execution issues on its margin-expansion initiatives.

This would occur if negative FOCF accelerates; liquidity tightens,
including sale-leaseback transactions to reinvest in the business
and supplement liquidity are not completed in a timely manner; and
S&P views a payment shortfall over the next 12 months as likely or
the likelihood of a below-par repurchase materially increases.

S&P could revise its outlook on 99 Cents Only to stable or raise
our rating if:

-- Its operating performance trends demonstrate sustained
improvement, including positive same-store sales growth and EBITDA
expansion, such that it generates positive FOCF; and

-- The company sustains leverage below 6x.



AAR CORP: Egan-Jones Hikes Senior Unsecured Ratings to BB+
----------------------------------------------------------
Egan-Jones Ratings Company, on September 29, 2021, upgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by AAR Corp. to BB+ from BB.

Headquartered in Wood Dale, Illinois, AAR Corp. supplies
aftermarket products and services to the global aviation and
aerospace industry.



ACI WORLDWIDE: Egan-Jones Keeps B+ Senior Unsecured Ratings
-----------------------------------------------------------
Egan-Jones Ratings Company, on September 20, 2021, maintained its
'B+' foreign currency and local currency senior unsecured ratings
on debt issued by ACI Worldwide, Inc.

Headquartered in Miami, Florida, ACI Worldwide, Inc. develops,
markets, and supports software products for the global electronics
funds transfer market.



ADVANCED TISSUE: Closes After Filing $25 Million Bankruptcy
-----------------------------------------------------------
Mark Friedman of Arkansas Business reports that a former CEO of
Advanced Tissue LLC of Little Rock says he doesn't know why the
wound care supply company closed and filed for Chapter 11
bankruptcy reorganization in August 2021, leaving hundreds out of
work, but he wants to help find a solution to the ensuing legal
fight.

The company, which shipped prescribed wound-care kits to patients
mostly for use at home, listed $25.5 million in debts and $7.1
million in assets, according to its filing in U.S. Bankruptcy Court
for the Eastern District of Arkansas.

The bankruptcy comes after Bell Bank of Fargo, North Dakota, sued
Advanced Tissue and related companies -- AT Buyer Inc., AT Parent
LLC and Valley Ranch Skin Care LLC -- over defaults on a series of
2017 loans, according to Aug. 18 filings in U.S. District Court in
Arkansas.

In late 2020, Advanced Tissue and the companies failed to make
"timely payments," triggering the default, according to the bank's
suit, filed by attorney Lance Miller of Mitchell Williams Selig
Gates & Woodyard of Little Rock.

Advanced Tissue and its subsidiaries told the bank they were being
audited by the Centers for Medicare & Medicaid Services, the
federal agency that provides health coverage to more than 100
million Americans, "but have not provided detailed information
about the extent/purpose of the audit," the suit said.

The bank also said the companies are insolvent and no longer have a
board.  The bank alleged that as of Aug. 13, 2021 the defendants
owed $8.6 million plus interest and attorneys' fees.  It is suing
for breach of contract and asking for a receiver be appointed.  The
case was paused when Advanced Tissue filed for bankruptcy
protection.

Advanced Tissue CEO Robert Betchley and CFO Michael Cole could not
be reached for comment. Betchley's LinkedIn profile shows he was
CEO from September 2020 to September 2021. Cole's LinkedIn profile
shows that he joined the company in 2006 and is still there.
Advanced Tissue's bankruptcy attorney, Kevin Keech of Little Rock,
didn't return a call for comment.

Kevin Lamb, who founded Advanced Tissue in 2000, told Arkansas
Business via email last week that he learned on June 18. 2021 from
an employee that the company was closing and "hundreds of employees
would be without a job."

"While saddened by this sudden closure, I was not involved with or
consulted about AT's decisions," Lamb said.

Lamb said he sold his stock in the company in September 2015, but
remained as CEO until September 2018. "Since then, I have not been
involved in any business decisions," Lamb said. "In short, I know
virtually nothing about Advanced Tissue's operations in the time
following my departure and can only speculate along with others in
the industry as to what happened."

But Advanced Tissue's bankruptcy filing and lawsuit against it give
a peek into the company's financial picture.

One of Advanced Tissue's largest creditors is Yukon Capital
Partners II LP of Minneapolis, which has a claim for $15 million in
debt that Advanced Tissue acquired in September 2017. Yukon Capital
Partners is an investment firm that has an ownership interest in
the company. Advanced Tissue is owned by AT Buyer Inc. of
Southlake, Texas. AT Buyer is owned by AT Parent LLC of Little
Rock, which is owned by Yukon Capital Partners, with 69.3%
ownership; Ancor/AT Investments LLC of Southlake, Texas, with
28.3%; and Lamb of Little Rock with the remaining 2.4%.

Lamb, who worked in health care for more than 30 years, told
Arkansas Business in 2013 that in the late 1990s, he was working in
the pain management field and noticed that patients, some with
non-healing wounds, were being pushed back into home settings.

"We got to looking around in this market and thought, wow, this is
emerging. This was not even a trend then," Lamb told Arkansas
Business.

In 2013, he was a finalist for Arkansas Business Executive of the
Year. At that time, the company had 135 employees and operated in
50 states. In an October 2016 article in the Arkansas
Democrat-Gazette, Lamb estimated that Advanced Tissue did about $35
million to $45 million a year in revenue.

After Lamb left the company in 2018, Advanced Tissue’s gross
revenue was $14.8 million in 2019 and grew to $18.2 million in
2020. It reported $9 million in gross revenue for nearly the first
eight months of this year.

"I was proud of the work I did while running Advanced Tissue," Lamb
said. "And while I was not involved with the company at the time of
its closure, I'm a strong believer in doing right by others, so I'm
committed to finding fair and reasonable solutions for ongoing
litigation."

                      About Advanced Tissue

Advanced Tissue, LLC, a distributor of wound care products, sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
E.D. Ark. Case No. 21-12261) on Aug. 23, 2021.  In the petition
signed by Robert Betchley, chief executive officer, the Debtor
disclosed up to $10 million in assets and up to $50 million in
liabilities.

Judge Phyllis M. Jones oversees the case.

Kevin P. Keech, Esq., at Keech Law Firm, PA is the Debtor's
counsel.


ADVANCED TISSUE: Wins Cash Collateral Access Thru Oct 31
--------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Arkansas
approved the stipulation on the use of cash collateral entered into
between Advanced Tissue, LLC and Bell Bank.

The parties agree that the Debtor may use cash collateral, on an
interim basis, pursuant to the stipulation and the budget through
and including the date of the final cash collateral hearing.

The use of Cash Collateral as authorized extends only through and
including the date of the Final Cash Collateral Hearing, and any
use of Cash Collateral after the Final Cash Collateral Hearing date
must be authorized by agreement by Bell or by further order of the
Bankruptcy Court.

As adequate protection for the Debtor's use of cash collateral,
Bell is granted:

     a. a replacement lien in all of the Debtor's assets, which
replacement lien (i) will have the same priority, dignity and
effect as the pre-petition lien held by Bell, (ii) will be deemed
granted, valid, and perfected as of the Petition Date without
further act or deed of any party, and notwithstanding the
requirements of applicable nonbankruptcy law regarding perfection,
(iii) will be in addition to, and not in substitution for, Bell's
other liens and interests, and will include assets of the Debtor in
which Bell does not hold a prepetition lien or interest; provided,
however, that Chapter 5 causes of action are excluded from the
replacement lien;

     b. a super-priority claim under section 507(b) of the
Bankruptcy Code to the extent the grant of adequate protection
hereunder proves inadequate to compensate Bell for the difference
between the adequate protection provided by the Debtor and any
actual decrease in the value of the Collateral occurring during the
pendency of the Case;

     c. a waiver of the Debtor's right to surcharge Bell’s
Collateral under section 506(c) of the Bankruptcy Code;

     d. designation of Michael Cole as the authorized
representative of "Debtor" for all purposes under Bankruptcy Rule
9001(5)(A);

     e. application to the Obligations under the Loan Documents of
$163,588 of Cash Collateral currently held by Bell in deposit
accounts (either in Bell's actual possession or for its benefit
under a control agreement);

     f. payment by the Debtor to Bell for application to the
Obligations under the Loan Documents of the following Cash
Collateral: (i) $33,228.68 held by the Debtor in its account at
Bank OZK, and (ii) $85,000 from the sale of excess inventory; (iii)
upon approval of the bankruptcy court for such sale and receipt of
such funds, net proceeds from the sale of FF&E of approximately
$8,158; and (iv) upon approval of the bankruptcy court for such
sale and receipt of such funds, net proceeds from the sale of a
generator in the approximate amount of $19,800; and

     g. compliance with all of the reporting requirements,
agreements, and covenants contained therein.

The Debtor's right to use the cash collateral will terminate on the
earliest to occur of:

   a. the Debtor's failure to comply to any terms of the
stipulation;

   b. October 31, 2021, without the Bankruptcy Court having held a
hearing on the Debtor's continued use of the cash collateral;

   c. dismissal of the Debtor's Chapter 11 case, its conversion to
a case under Chapter 7, or appointment of a Chapter 11 trustee with
expanded powers in the Debtor's Chapter 11 case; or

   d. any stay, reversal, vacatur or modification of the terms of
the current stipulated order not consented to by Bell Bank.

A copy of the stipulated order is available for free at
https://bit.ly/3FUl445 from PacerMonitor.com.

                    About Advanced Tissue, LLC

Advanced Tissue, LLC is a distributor of wound care products. The
Debtor sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. E.D. Ark. Case No. 21-12261) on August 23, 2021. In
the petition signed by Robert Betchley, chief executive officer,
the Debtor disclosed up to $10 million in assets and up to $50
million in liabilities.

Judge Phyllis M. Jones oversees the case.

Kevin P. Keech, Esq., at Keech Law Firm, PA is the Debtor's
counsel.



AGAPE WORLD: Seeks Cash Collateral Access
-----------------------------------------
Agape World, Inc. asks the U.S. Bankruptcy Court for the Eastern
District of North Carolina, Greenville Division, for authority to
use cash collateral.

The Debtor experienced a significant decline in rental income in
2020. This year has been no better. The global pandemic caused
economic harm to the Debtor's tenants. Additionally, federal and
state orders that placed a moratorium on evictions prevented the
Debtor from stabilizing the circumstances. The Debtor made attempts
to have tenants apply for the HOPE program offered by the federal
government. Some tenants entered the program while others ignored
the assistance. This created a significant lack of capital of the
Debtor to rehabilitate properties and lease them to new tenants.

As a result of these circumstances, the Debtor became delinquent in
paying the note secured by a deed of trust on the properties. The
Debtor defaulted on its obligation. The lender began foreclosure
proceedings.

The Debtor and SATI Real Estate Services, LLC entered into a loan
agreement on June 2, 2017. The loan was secured by a deed of trust
filed in the Pitt County Register of Deeds on June 2, 2017
Paragraph 3 of the note and deed of trust state that the note is
secured by the Debtor's rental income. The Debtor is not aware of
SATI enforcing the assignment of rents clause prior to the filing
of this case. The Debtor estimates that SATI is owed $375,000 by
the Debtor on the note.

In addition to SATI, the Pitt County Tax Administration holds a
statutory lien upon all property owned by the Debtor. The
Williamsburg HOA has a statutory lien upon the property located at
112 Concord Dr., Unit C, Greenville NC. The Brook Hill HOA has a
statutory lien on all Kristin Dr. properties. None of these lien
holders appear to have lien upon cash or an assignment of rents of
the Debtor.

The Debtor is currently anticipating a continuation of its
operations by way of the proposed reorganization. The Debtor
believes that to maintain existing operations and retain maximum
value of its business, the Debtor will be required to incur certain
operating expenses, including insurance, utilities, and other
operating expenses. Leasing the properties is the primary source of
cash with which to operate the Debtor's business.

The Debtor proposes that the secured creditor whose cash is used
will have continuing post-petition replacement liens and security
interests in all property and categories of property of the same
extent, validity, and priority as said creditor held pre-petition.
The validity, enforceability, and perfection of the post-petition
replacement liens shall be immediately deemed perfected, without
the need for any further action on the part of creditors.

The Debtor requests that it be permitted a 6% expense deviation in
its budget without requiring the consent of the secured creditor or
the Court.

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

                         About Agape World

Hauppauge-based Agape World Inc. -- http://www.agapeworldinc.net/
-- was a private bridge lender since 1999.

As reported by the Troubled Company Reporter on Feb. 16, 2009, the
Hon. Dorothy Eisenberg of the U.S. Bankruptcy Court for the Eastern
District of New York approved Agape World investors' petition to
put the company into Chapter 7 bankruptcy protection.

Agape World Group Incorporated filed for Chapter 11 protection
(Bankr. N.D. Texas Case No. 09-43308) on June 1, 2009.

Warren V. Norred, Esq., of Norred Legal, represented the Debtor.
The Debtor disclosed $6,243,000 in assets and $3,000,692 in
liabilities.



AGILE THERAPEUTICS: Closes $22.7-Mil. Underwritten Stock Offering
-----------------------------------------------------------------
Agile Therapeutics, Inc. has confirmed that the closing of its
$22,666,650 underwritten public offering of common stock and
warrants closed on schedule on Oct. 13, 2021, as described in the
Company's Oct. 8, 2021 press release announcing the pricing of the
offering.

                     About Agile Therapeutics

Agile Therapeutics, Inc. is a forward-looking women's healthcare
company dedicated to fulfilling the unmet health needs of today's
women.  The Company's product and product candidates are designed
to provide women with contraceptive options that offer freedom from
taking a daily pill, without committing to a longer-acting method.
Its initial product, Twirla, (levonorgestrel and ethinyl
estradiol), a transdermal system, is a non-daily prescription
contraceptive.

Agile reported a net loss of $51.85 million for the year ended Dec.
31, 2020, compared to a net loss of $18.61 million for the year
ended Dec. 31, 2019.  As of June 30, 2021, the Company had $52.28
million in total assets, $27.67 million in total liabilities, and
$24.61 million in total stockholders' equity.

Iselin, New Jersey-based Ernst & Young LLP issued a "going concern"
qualification in its report dated March 1, 2021, on the
consolidated financial statements for the year ended Dec. 31, 2020,
citing that the Company has generated losses since inception, used
substantial cash in operations, anticipates it will continue to
incur net losses for the foreseeable future and requires additional
capital to fund its operating needs beyond 2021.


ALLIANT HOLDINGS: Moody's Affirms B3 CFR Following Partial Recap
----------------------------------------------------------------
Moody's Investors Service has affirmed the B3 corporate family
rating and B3-PD probability of default rating of Alliant Holdings
Intermediate, LLC, a subsidiary of Alliant Holdings, L.P. (together
will its subsidiaries, Alliant) following the company's
announcement of a partial recapitalization. The rating agency has
also affirmed the B2 ratings on Alliant's senior secured credit
facilities and notes (including $475 million term loan add-on) and
the Caa2 rating on its senior unsecured notes. Alliant has also
announced plans to issue $925 million in other secured and
unsecured debt. Alliant will use proceeds from these offerings plus
new and rollover common equity and cash on hand to repurchase
equity, make acquisitions, and pay related fees and expenses. The
rating outlook for Alliant is stable.

RATINGS RATIONALE

Alliant's ratings reflect its leading position in several niche
markets, steady organic revenue growth and strong operating
margins, said Moody's. Alliant's emphasis on specialty programs,
where the broker offers distinct value to both insurance buyers and
insurance carriers, has been a successful strategy. Alliant has
built its specialty and middle market insurance business by
expanding through a mix of organic growth, lateral hires (seasoned
producers, mostly with specialty books of business) and
acquisitions. The company has reported strong revenue growth,
healthy EBITDA margins, and good free-cash-flow-to-debt metrics.

These strengths are offset by Alliant's high financial leverage,
including the pending increase in borrowings to help fund the
partial equity recapitalization, although Moody's expects the
company to reduce its leverage relatively quickly following the
transaction. Other credit challenges include contingent/legal risk
related to lateral hires, integration risk related to acquisitions,
and potential liabilities from errors and omissions, a risk
inherent in professional services. Alliant's pro forma capital
structure includes $600 million of preferred equity that could be
subject to refinancing via debt in the future.

Alliant's operating performance has improved over the past year,
with revenue of $1.1 billion through the first half of 2021, up 36%
versus the same period in 2020, reflecting strong organic revenue
growth, the acquisition of Confie, which closed during the second
quarter of 2021, and various tuck-in acquisitions. The company has
also controlled its expenses effectively and expanded its EBITDA
margin over this period.

Giving effect to the partial recapitalization, Alliant will have
pro forma debt-to-EBITDA of around 8x, (EBITDA - capex) interest
coverage of about 2x, and free-cash-flow-to-debt in the mid-single
digits, according to Moody's estimates. These pro forma metrics
reflect Moody's accounting adjustments for operating leases,
contingent earnout obligations, certain non-recurring and unusual
items, and run-rate EBITDA from acquisitions. The rating agency
views Alliant's leverage as aggressive for its rating category but
expects the company to reduce leverage over the next several
quarters consistent with past practices.

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

Factors that could lead to an upgrade of Alliant's ratings include:
(i) debt-to-EBITDA ratio consistently below 7x, (ii) (EBITDA -
capex) coverage of interest consistently exceeding 2x, and (iii)
free-cash-flow-to-debt ratio exceeding 5%.

Factors that could lead to a rating downgrade include: (i)
debt-to-EBITDA ratio above 8x, (ii) (EBITDA - capex) coverage of
interest below 1.2x, or (iii) free-cash-flow-to-debt ratio below
2%.

Moody's has affirmed the following ratings:

Corporate family rating at B3;

Probability of default rating at B3-PD;

$400 million guaranteed senior secured revolving credit facility
maturing in October 2025 at B2 (LGD3);

$2,086 million ($2,018 million outstanding) guaranteed senior
secured term loan maturing in May 2025 at B2 (LGD3);

$530 million ($518 million outstanding) guaranteed senior secured
term loan maturing in May 2025 at B2 (LGD3);

$1,675 million (including pending $475 million add-on, $1,667
million outstanding) guaranteed senior secured term loan maturing
in October 2027 at B2 (LGD3);

$525 million guaranteed senior secured notes maturing in October
2027 at B2 (LGD3);

$1,340 million guaranteed senior unsecured notes maturing in
October 2027 at Caa2 (LGD5 from LGD6).

Alliant Holdings Co-Issuer, Inc. is a co-issuer of the senior
secured and unsecured notes.

The rating outlook for Alliant is stable.

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

Alliant, based in Newport Beach, California, is a specialty
oriented insurance broker providing property & casualty and
employee benefits products and services to middle-market clients
across the US. The company generated revenue of $1.1 billion
through the first six months of 2021.


AMERICAN SLEEP: May Use Cash Collateral Through Oct. 20
-------------------------------------------------------
Judge Charles M. Walker of the U.S. Bankruptcy Court for the Middle
District of Tennessee authorized American Sleep Medicine, LLC to
use cash collateral, on an interim basis, from October 15 to
October 20, 2021, 11:59 p.m. to pay for expenses incurred in the
ordinary course of the Debtor's business based on the budget.  The
budget provided for $190,000 in expenses.  The Court granted the
authorization pursuant to the stipulation the Debtor reached with
lender ServisFirst Bank.

The Lender has agreed to allow the Debtor to use certain of the
Cash Collateral in the ordinary course of the Debtor's business
pursuant to Section 363(c)(2)(A) of the Bankruptcy Code in
accordance with the terms and conditions of the Third Interim
Order.

The Lender is granted a first priority replacement lien and
security interest on all assets of the Debtor, to secure any
diminution in the value of interest in its collateral.  To the
extent the liens and security interests granted prove insufficient,
the Lender is granted an administrative priority claim pursuant to
Section 507(b) of the Bankruptcy Code to secure any diminution in
value.

As additional adequate protection, the Lender is entitled to
payment of postpetition interest on all amounts owed it, as well as
the related fees, costs, or charges, including attorney's fees, the
Lender incurred, though Debtor appears unable to pay such interest,
fees, costs and charges at this time.  The timing of payment of the
allowed  administrative expense will be addressed by subsequent
order.

The final hearing on the matter is scheduled for October 20 at 11
a.m.

A copy of the second interim order is available for free at
https://bit.ly/3BTHTT4 from PacerMonitor.com.

                 About American Sleep Medicine LLC

American Sleep Medicine, LLC filed a petition for Chapter 11
protection (Bankr. M.D. Tenn. Case No. 21-02741) on Sept. 8, 2021,
listing up to $50,000 in assets and up to $500,000 in liabilities.
Jerry Lauch, president of American Sleep Medicine, signed the
petition.  

Judge Charles M. Walker oversees the case.  Steven L. Lefkovitz,
Esq., at Lefkovitz and Lefkovitz is the Debtor's legal counsel.

ServisFirst Bank, as lender, is represented by Austin L. McMullen,
Esq. at Bradley Arant Boult Cummings LLP.



AMPHIL GROUP: Case Summary & Unsecured Creditor
-----------------------------------------------
Debtor: Amphil Group, LLC
        21002 Stoddard Wells Rd.
        Walnut, CA 91789

Business Description: The Debtor is the fee simple owner of a
                      single family residence located at 19650
                      Chalina Drive, Walnut, CA having a current
                      value of $2 million.

Chapter 11 Petition Date: October 18, 2021

Court: United States Bankruptcy Court
       Central District of California

Case No.: 21-18014

Debtor's Counsel: Michael Jay Berger, Esq.
                  LAW OFFICES OF MICHAEL JAY BERGER
                  9454 Wilshire Boulevard, 6th Floor
                  Beverly Hills, CA 90212
                  Tel: (310) 271-6223
                  Fax: (310) 271-9805
                  E-mail: michael.berger@bankruptcypower.com

Total Assets: $2,000,160

Total Liabilities: $1,161,738

The petition was signed by Frank Hernandez Jr. as managing member.

The Debtor listed Wells Fargo Small Business Lending as its sole
unsecured creditor holding a claim of $13,276.

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

https://www.pacermonitor.com/view/PS65MSY/Amphil_Group_LLC__cacbke-21-18014__0001.0.pdf?mcid=tGE4TAMA


ANTERO MIDSTREAM: S&P Upgrades ICR to 'BB', Outlook Stable
----------------------------------------------------------
S&P Global Ratings raised its rating on Antero Midstream Partners
L.P.'s (AM's) primary counterparty, Antero Resources Corp. (AR), to
'BB' from 'BB-', to reflect its improved expected credit metrics.

S&P said, "As a result, we also raised our issuer credit rating on
AM and our rating on AM's senior unsecured debt to 'BB' from 'BB-';
the '3' recovery rating is unchanged.

"The stable outlook on AM parallels our stable outlook on AR; we
expect AM to maintain debt to EBITDA of 3.5x–4.0x.

"The upgrade reflects our upgrade of AR in addition to AM
maintaining leverage below 4x. AM derives nearly 100% of revenues
from AR, and the two entities are inherently linked. We upgraded AR
due to its much-improved financial results, supported by stronger
natural gas and natural gas liquids (NGL) prices and debt
repayment."

S&P Global Ratings recently increased its Henry Hub natural gas
forecast to $4.50 per million Btu (mmBtu) for the remainder of
2021, $3.50/mmBtu for 2022, $3/mmBtu in 2023, and $2.75/mmBtu
thereafter. With AR's debt reduction and our revised pricing
forecast, S&P now forecasts FFO to debt of 45%-50% and debt to
EBITDA of 1.5x-2x over the next 12 months. As of June 30, 2021, AR
has reduced overall debt by approximately $1.1 billion compared to
last year. In addition, AR has hedged about 50% of expected 2022
natural gas production and about 34% of expected total production,
which allows for upside considering where current and projected
natural gas and NGL prices are headed.

S&P said, "Given the improvement in AR's credit quality, we believe
AM compares favorably to 'BB-' peers, most specifically Equitrans.
Equitrans is larger, with EBITDA of $1.3 billion in 2020 compared
to AM's $850 million. Despite the larger size, Equitrans has higher
leverage (about 5.5x) while the Mountain Valley Pipeline (MVP) is
under construction. Deleveraging depends on MVP coming online in
2022, and it has faced significant delays. We expect AM's
debt/EBITDA to be almost two turns lower at 3.7x in 2021.

"The stable outlook on AM reflects the current price environment
and its revenue exposure to AR. We anticipate stable volumes over
the next few years, even in most stress scenarios, which indicates
that the capital structure will remain sustainable. We forecast S&P
Global Ratings-adjusted debt to EBITDA of 3.5x-4x over the next few
years.

"We could take negative rating action on AM if we do so with AR.
Separately, we could also take a negative rating action on AM if
its liquidity became constrained due to a delay in refinancing its
revolving credit facility.

"We could lower our rating on AR if its financial performance
weakens such that FFO to debt approaches 30% and there is no clear
path to improvement.' This would most likely occur if:

-- The company increases its capital spending;

-- Natural gas and NGL prices are weaker than we envision; or

-- It pursues a more aggressive financial policy than expected.

While unlikely, S&P could raise the rating on AM if it upgraded AR
and AM improved their business risk by diversifying their
counterparties and improving scale while maintaining credit metrics
of debt to EBITDA below 4x.



APPLOVIN CORP: Moody's Rates New $1.5BB Sr. Secured Term Loan 'B1'
------------------------------------------------------------------
Moody's Investors Service assigned a B1 instrument rating to the
proposed $1.5 billion senior secured incremental term loan B of
AppLovin Corporation. In addition, Moody's placed all ratings,
including the B1 Corporate Family Rating, on review for upgrade.

AppLovin recently announced plans to acquire the MoPub mobile
advertising network for $1.05 billion in cash from Twitter, Inc.
Assuming AppLovin's operating performance continues to be strong
and the acquisition closes as planned in 2022 (subject to U.S.
regulatory approval), Moody's expects ratings would be upgraded by
one notch . The additional scale and incremental cash flow
generated by MoPub will improve AppLovin's credit metrics,
including leverage.

The following ratings/assessments are affected by the action:

On Review for Upgrade:

Issuer: AppLovin Corporation

Corporate Family Rating, Placed on Review for Upgrade, currently
B1

Probability of Default Rating, Placed on Review for Upgrade,
currently B1-PD

Senior Secured Bank Credit Facility, Placed on Review for Upgrade,
currently B1 (LGD3)

New Assignments:

Issuer: AppLovin Corporation

Senior Secured 1st Lien Term Loan B, Assigned B1 (LGD3); Placed
Under Review for Upgrade

Outlook Actions:

Issuer: AppLovin Corporation

Outlook, Changed To Rating Under Review From Stable

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

AppLovin's proposed $1.5 billion incremental term loan is
opportunistic and will increase excess cash balances to more than
$2.5 billion. Until the MoPub acquisition closes, however, gross
leverage will be elevated at more than 4x (Moody's adjusted) which
would be partially mitigated by expectations for double-digit
organic revenue and EBITDA gains over the next year. Assuming the
transaction is completed, adjusted EBITDA would increase by over
$200 million and pro forma leverage on a combined basis would
improve to less than 3.5x (Moody's adjusted) by the end of 2022
with EBITDA margins remaining above 20%.

Moody's review will focus on the pace of AppLovin's organic revenue
and profit growth combined with expected revenue and cash flow
contributions from MoPub following the closing of the acquisition.
In a scenario in which the MoPub acquisition is not completed as
planned, there could still be upward pressure on ratings based on
AppLovin's operating performance or incremental run-rate cash flow
from unidentified near term acquisitions funded with a portion the
company's robust cash balances.

The acquisition of MoPub is credit positive given incremental cash
flow and enhanced capabilities. "MoPub would contribute high margin
cash flow soon after closing of the transaction given its key
features will be merged into MAX, AppLovin's current in-app bidding
operations, allowing the majority of MoPub's existing cost
structure to be eliminated. The transaction also enhances
AppLovin's mobile in-app bidding capabilities while adding a supply
of 45,000 apps reaching roughly 1.5 billion devices," said Carl
Salas, Moody's Senior Credit Officer.

The current credit profile reflects AppLovin's consistent track
record for growing consumer and business revenues supported by
increasing demand for mobile gaming globally. AppLovin's overall
top line and EBITDA are growing in the double-digit percentage
range reflecting sector tailwinds for core mobile publishing
revenue and consumer in-app purchases supplemented by greater
penetration of enhanced demand-side and supply-side capabilities.
Moody's expects AppLovin's revenues will approach $3 billion
(excluding MoPub) over the next 12 months from $1.45 billion in
2020. After acquiring and partnering with a dozen game studios,
AppLovin has amassed a diversified portfolio of mobile games
primarily targeting the casual gamer. In addition to game studio
diversification, recent acquisitions meaningfully enhance
capabilities for AppLovin's Software Platform.

Governance risk is a key consideration with ownership and control,
board oversight and effectiveness, and management being key
considerations. AppLovin is a controlled company under NASDAQ
corporate governance requirements with Adam Foroughi (co-founder,
CEO, and Chairperson), Herald Chen (President and CFO), and KKR
Denali Holdings, L.P. (KKR Denali) holding all outstanding Class B
super voting common shares (20 votes per share) which provides
roughly 93% voting control. AppLovin relies on NASDAQ controlled
company exemptions to avoid certain corporate governance
requirements. Accordingly, shareholders of AppLovin are not
afforded the same protections as shareholders of other
NASDAQ-listed companies with respect to corporate governance.

Liquidity is very good with balance sheet cash exceeding $2.5
billion upon closing of the incremental term loan B and an undrawn
$600 million revolver due 2025. The company has a multi-year track
record for maintaining solid cash balances with good revolver
availability and only modest capital spending and working capital
requirements. Assuming the acquisition of MoPub is completed as
planned, cash balances are still expected to exceed $1.5 billion.

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

AppLovin Corporation, founded in 2011 with headquarters in Palo
Alto, CA, is a leader in the mobile game industry. In addition to
having acquired or partnered with a dozen mobile game development
studios since the beginning of 2018, the company provides
proprietary cloud-first tools to match buyers and sellers of mobile
advertising via auctions. AppLovin is publicly traded and a
controlled company with two company executives and KKR Denali
Holdings, L.P. holding 93% voting control. Moody's expect revenues
pro forma for recent and the pending MoPub acquisition will exceed
$3 billion over the next year.


AUDACY CAPITAL: Moody's Rates $45MM Second Lien Note Add-on 'B3'
----------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Audacy, Inc.'s
(Audacy) subsidiary, Audacy Capital Corp.'s $45 million add on to
the senior secured 2nd lien note due 2027. All other ratings
including Audacy's B2 Corporate Family Rating, Audacy Capital
Corp's Ba3 senior secured credit facility, and B3 rating on the
existing senior secured 2nd lien notes are unchanged. The outlook
remains negative.

The net proceeds from the new 2nd lien note will be used to repay
$44 million of term loan B. In addition, a $40 million draw on the
revolver will be used to fund a small digital acquisition. The
transaction increases leverage modestly to 14.6x from 14.2x
(excluding Moody's standard lease adjustments) as of Q2 2021.
Moody's expects the transaction to enhance Audacy's digital
capabilities and contribute to growth going forward.

Assignments:

Issuer: Audacy Capital Corp.

Senior Secured Second Lien Regular Bond/Debenture, Assigned B3
(LGD5)

RATINGS RATIONALE

Audacy's B2 CFR reflects the extremely high pro forma leverage
level (14.6x as of Q2 2021) and Moody's projection that results
will continue to improve as the radio industry recovers from the
pandemic as well as from growth in digital revenues during the
balance of 2021 and 2022. The pandemic has had a significant impact
on Audacy's advertising revenue that was compounded by the
company's exposure to large markets which suffered greater declines
relative to smaller markets. The radio industry is being negatively
affected by the shift of advertising dollars to digital mobile and
social media as well as heightened competition for listeners from a
number of digital music providers. Secular pressures and the
cyclical nature of radio advertising demand have the potential to
exert pressure on EBITDA from its radio assets over time.

Audacy's live event business was substantially impacted by the
pandemic, but this division accounted for less than 8% of revenue
in 2019 and the division has a largely variable cost structure.
Live events have begun to recover in 2021 and Moody's expects
revenue from live events will return close to pre-pandemic levels
in 2022. Audacy's LTM free cash flow was slightly negative as of Q2
2021 and will likely approximate breakeven by the end of 2021.

Audacy is the second largest radio broadcaster in the US with
leading market positions in 21 of the top 25 markets. The company
benefits from a geographically diversified footprint with strong
market clusters in most of the areas it operates which enhances its
competitive position. A diversified format offering of music, news,
and sports as well as live events and digital growth initiatives
are also positives to the credit profile. Prior acquisitions to
expand its podcasting business and heightened interest from
national advertisers are also likely to contribute to growth as the
economy continues to recover from the pandemic. Moody's expects
Audacy's leading position in sports programming to continue to
attract increased advertising revenue from sports betting companies
as additional markets legalize gambling.

Moody's analysis has considered the effect on the performance of
advertising revenue from the economic recession in the U.S. and a
gradual recovery for the coming months. Although an economic
recovery is underway, it is tenuous and its continuation will be
closely tied to containment of the coronavirus. As a result, the
degree of uncertainty around Moody's forecasts is unusually high.
Moody's regards the coronavirus outbreak as a social risk under its
ESG framework, given the substantial implications for public health
and safety.

A governance impact that Moody's considers in Audacy's credit
profile is the change in financial strategy. Audacy reduced its
dividend in 2019 and suspended the remaining dividend in Q2 2020.
Moody's expects the company will operate with a more moderate
financial policy with the goal to reduce leverage going forward.
While Audacy is a publicly traded company listed on the New York
Stock Exchange, Joseph M. Field (Chairman) and David J. Field
(President /CEO and son of the Chairman) have a significant
minority voting interest in the company.

Audacy's speculative grade liquidity (SGL) rating of SGL-3 reflects
$45 million of cash on the balance sheet as of Q2 2021 and access
to a $250 million revolver. Approximately $227.3 million of the
revolver will mature in August 2024 with the remaining $22.7
million due in November 2022. The revolver had $95 million drawn as
of Q2 2021, but Audacy executed a $75 million A/R securitization
facility in July 2021 and used the proceeds to repay a portion of
the revolver. Moody's expects the pro forma revolver balance will
be approximately $60 million following the $75 million repayment
and $40 million draw as part of the existing transaction. To
preserve liquidity, Audacy reduced capex levels to $34 million as
of LTM Q2 2021, but Moody's projects capex to increase to the $75
million range in 2021 and 2022. Audacy also suspended the dividend
in Q2 2020 ($30 million in 2019 which was already reduced in Q3
2019). Moody's expects free cash flow will be relatively breakeven
in 2021, but the free cash flow to debt ratio is projected to
improve to the mid-single digit percentage range in 2022 as
operations continue to recover from the pandemic.

The revolver is subject to a consolidated net first lien leverage
ratio of 4x (up to 4.5x one year after permitted acquisitions)
compared to 2.77x as of Q2 2021. In July 2020, Audacy executed a
credit amendment that suspends the testing of the financial
maintenance covenant until Q4 2020 and allows the company to use
calculated EBITDA from Q2, Q3, and Q4 of 2019 in place of
comparable quarterly results in 2020 through Q4 2021. Audacy is
subject to a $75 million minimum liquidity test during the covenant
relief period. The issuance of $45 million of additional 2nd lien
notes offsets the impact of the revolver draw to fund the
acquisition on the net first lien leverage covenant. Moody's
expects Audacy to remain in compliance with the financial covenant
during the next twelve months. The term loan is covenant lite.

The negative outlook reflects Audacy's extremely high leverage and
modestly negative FCF as of LTM Q2 2021. While the pace of recovery
may be affected by the lingering impact of the pandemic, Moody's
expects operating performance will continue to improve during the
second half of 2021 and 2022. Moody's projects that long term cost
savings achieved during the pandemic, continued digital revenue
growth, the eventual recovery in advertising categories severely
impacted by the pandemic or supply chain disruptions to support a
recovery in profitability. Audacy will see reduced high margin
political revenue during a non-election year in 2021, but political
revenue will return at the end of 2022. Moody's projects Audacy's
leverage will decline to the 12x range by the end of 2021 and to
under 6x by the end of 2022 as profitability recovers and a portion
of free cash flow is directed to debt repayment.

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

Audacy's ratings could be downgraded if leverage was projected to
be sustained above 6x due to a weaker than projected recovery from
the pandemic, audience and advertising revenue migration to
competing media platforms, or ongoing economic weakness. A free
cash flow to debt ratio (after dividends) in the low single-digits,
inability to obtain an amendment to covenants if required or a
weakened liquidity profile could also lead to negative rating
pressure.

Audacy's ratings could be upgraded if leverage declined to the low
4x range, as calculated by Moody's, with a good liquidity profile
and a high single-digit percentage of free cash flow to debt ratio.
Positive organic revenue growth and expanding EBITDA margins would
also be required in addition to confidence that management would
maintain financial policies (including dividends, share
repurchases, and acquisitions) that were consistent with a higher
rating level.

Audacy, Inc., (fka Entercom Communications Corp.) headquartered in
Philadelphia, PA, is the second largest US radio broadcaster based
on revenue. The company was founded in 1968 by Joseph M. Field and
is focused on radio broadcasting with radio stations in large and
mid-sized markets as well as podcasting, digital initiatives, and
live events. In November 2017, the company completed the merger of
CBS Radio. Reported LTM revenue as of Q2 2021 was approximately
$1.1 billion.

The principal methodology used in this rating was Media published
in June 2021.


AVIVAR HOSPITALITY: Taps Johnston Allison & Hord as Special Counsel
-------------------------------------------------------------------
Avivar Hospitality, LLC received approval from the U.S. Bankruptcy
Court for the Western District of North Carolina to employ
Johnston, Allison & Hord, P.A. to assist in the closing of the sale
of its assets.

Brian Schoeck, Esq., the principal attorney designated to represent
the Debtor, will be paid at the rate of $465 per hour.  Other
attorneys at the firm who may assist Mr. Schoeck bill at hourly
rates ranging from $265 to $465 while paralegals bill at hourly
rates ranging from $185 to $225.

Mr. Schoeck disclosed in a court filing that his firm neither holds
nor represents any interest adverse to the Debtor's estate.

The firm can be reached through:

     Brian J. Schoeck, Esq.
     Johnston, Allison & Hord, P.A.
     1065 East Morehead Street
     Charlotte, NC 28204
     Office: 704-998-2252
     Fax: 704-376-1628
     Email: bschoeck@jahlaw.com

                     About Avivar Hospitality

Avivar Hospitality, LLC, a Raleigh, N.C.-based company operating in
the hotels and motels industry, filed a Chapter 11 petition (Bankr.
W.D.N.C. Case No. 20-30789) on Aug. 27, 2020, listing as much as
$50 million in both assets and liabilities.  Judge Laura T. Beyer
presides over the case.  

Richard S. Wright, Esq., at Moon Wright & Houston, PLLC and
Johnston, Allison & Hord, P.A. serve as the Debtor's bankruptcy
counsel and special counsel, respectively.

The Debtor filed its proposed Chapter 11 plan of reorganization and
disclosure statement on Nov. 17, 2020.


AVNET INC: Egan-Jones Keeps BB+ Senior Unsecured Ratings
--------------------------------------------------------
Egan-Jones Ratings Company, on October 1, 2021, maintained its
'BB+' foreign currency and local currency senior unsecured ratings
on debt issued by Avnet, Inc.

Headquartered in Phoenix, Arizona, Avnet, Inc. distributes computer
products and semiconductors, as well as interconnect, passive, and
electromechanical components.



B&G FOODS: Egan-Jones Keeps B+ Senior Unsecured Ratings
-------------------------------------------------------
Egan-Jones Ratings Company, on September 29, 2021, maintained its
'B+' foreign currency and local currency senior unsecured ratings
on debt issued by B&G Foods Inc.  

Headquartered in Parsippany-Troy Hills, New Jersey, B&G Foods Inc.
manufactures, sells, and distributes shelf-stable foods across
North America.



BECKER BOILER: Unsecured Creditors to Recover 9% to 11% in Plan
---------------------------------------------------------------
Becker Boiler Co., Inc., filed with the U.S. Bankruptcy Court for
the Eastern District of Wisconsin a Plan of Reorganization under
Subchapter V dated October 12, 2021.

The Debtor is a full-service boiler company that provides boiler
equipment, and repair and installation services. It operates out of
St. Francis and Sun Prairie, Wisconsin.

The Debtor's largest secured creditor is Byline. Byline has three
lending facilities with the Debtor: a term loan, a revolving line
of credit and a forgivable loan made under the Paycheck Protection
Program established by the CARES Act. The term loan and revolving
line of credit are secured by substantially all the Debtor's
assets. The principal amounts due on the Petition Date were
approximately $943,000 (Term), $113,000 (LOC) and $202,000 (PPP).
The maximum amount on the line of credit is $400,000; it is subject
to a borrowing formula based upon accounts receivable and other
current assets.

The Debtor's financial projections show that the Debtor will have
projected Disposable Income of $726,813 or $706,813 dependent upon
the amount of the Effective Date Payment. The final Plan payment is
expected to be paid by September 30, 2024.

This Plan proposes to pay creditors of the Debtor from the
Effective Date Payment and the Debtor's future Disposable Income.

Unsecured claims total $1.462 million.  Non-priority unsecured
creditors holding allowed claims will receive distributions, which
the Debtor has valued as ranging from 9 cents to 11 cents on the
dollar, based upon whether the Plan is confirmed under Sec. 1191
(a) or Sec. 1191 (b).

Class 2A consists of the Allowed Secured Claim of Byline. The
Allowed Secured Claim of Byline shall be paid in full pursuant to
the terms of the loan documents existing on the Petition Date
except as otherwise altered by the Plan and as further addressed in
a loan modification agreement to be executed by the Reorganized
Debtor and other obligors upon confirmation of the Plan. Byline
retains its Liens in all collateral as identified in the loan
documents without need to file amended or new Uniform Commercial
Code financing statements or mortgages concerning same and with the
same validity and effectiveness as in existence on the Petition
Date.

Class 2B consists of Allowed Secured Claim of Ally Capital. The
Allowed Secured Claim of Ally Capital shall be paid in full
pursuant to the terms of the loan documents existing on the
Petition Date except as otherwise altered by the Plan.

Class 2C consists of Allowed Secured Claim of Centra Funding, LLC.
The Allowed Secured Claim of Centra Funding, LLC shall be paid
pursuant to the terms of the loan documents existing on the
Petition Date except as otherwise altered by the Plan.

Class 2D consists of the Allowed Secured Claim of Ford Motor Credit
Company, LLC. The Allowed Secured Claim of Ford Motor Credit
Company, LLC shall be paid pursuant to the terms of the loan
documents existing on the Petition Date except as otherwise altered
by the Plan.

Class 2E consists of the Allowed Secured Claim of Landmark Credit
Union. The Allowed Secured Claim of Landmark Credit Union shall be
paid pursuant to the terms of the loan documents existing on the
Petition Date except as otherwise altered by the Plan.

Class 3 consists of Allowed Non-Priority Unsecured Claims:

     * Scenario A: If the plan is confirmed under Sec. 1191 (a),
Allowed Non-Priority Unsecured Claims in Class 3 shall be satisfied
by the Debtor making quarterly distributions of $22,500, beginning
on December 31, 2022, and continuing until September 30, 2024. The
distributions shall be shared on a Pro-Rata Basis by holders of
Allowed Non-Priority Unsecured Claims in Class 3. The distributions
shall be made on or before the final day of each applicable
quarter.

     * Scenario B: Alternatively, if the plan is confirmed under
Sec. 1191 (b), Allowed Non-Priority Unsecured Claims in Class 3
shall be satisfied by the Subchapter V Trustee making quarterly
distributions of $19,000, other terms remain the same as described
above for confirmation under Scenario A.

Class 4 consists of Equity Interests of the Debtor.  On the
Effective Date, all Equity Interests shall be cancelled, and the
Reorganized Debtor shall issue new common stock solely to David
Hollnagel as consideration for the Effective Date Payment.

Cash necessary to fund payments on or shortly after the Effective
Date shall be from the regular business income of the Reorganized
Debtor and from the Effective Date Payment.

A full-text copy of the Plan of Reorganization dated October 12,
2021, is available at https://bit.ly/3FRBCty from PacerMonitor.com
at no charge.

Attorneys for the Debtor:

     Kerkman & Dunn
     Evan P. Schmit
     Gregory M. Schrieber
     839 N. Jefferson St., Suite 400
     Milwaukee, Wisconsin 53202-3744
     Phone: 414.277.8200
     Facsimile: 414.277.0100
     Email: eschmit@kerkmandunn.com

                       About Becker Boiler

Becker Boiler Co. Inc., in the business for 64 years, provides
boiler equipment, repairs, and installation services.  The Company
is owned by Hollnagel Enterprises.

Becker Boiler filed for Chapter 11 bankruptcy (Bankr. E.D. Wisc.
Case No. 21-21580) on March 26, 2021.  The Debtor estimated assets
and debt of $1 million to $10 million as of the bankruptcy filing.

Judge G. Michael Halfenger oversees the case.

KERKMAN & DUNN, led by Jerome R. Kerkman, is serving as the
Debtor's counsel.  VRAKAS S.C. is the accountant.


BLACKBERRY LIMITED: Egan-Jones Keeps CCC Senior Unsecured Ratings
-----------------------------------------------------------------
Egan-Jones Ratings Company, on September 30, 2021, maintained its
'CCC' foreign currency and local currency senior unsecured ratings
on debt issued by BlackBerry Limited. EJR also maintained its 'C'
rating on commercial paper issued by the Company.

Headquartered in Waterloo, Canada, BlackBerry Limited provides
intelligent security software solutions.



BOSTON ROAD: Seeks to Hire Madoff & Khoury as Bankruptcy Counsel
----------------------------------------------------------------
Boston Road Service & Charter Corp. seeks approval from the U.S.
Bankruptcy Court for the District of Massachusetts to hire Madoff &
Khoury, LLP to serve as legal counsel in its Chapter 11 case.

The firm's hourly rates are as follows:

     Partner           $395 per hour
     Associate Time    $295 per hour
     Paralegals        $150 per hour

The Debtor paid $21,738 to the firm as a retainer fee.

David Madoff, Esq., the firm's attorney who will be providing the
services, disclosed in a court filing that he is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     David B. Madoff, Esq.
     Madoff & Khoury LLP
     Suite 400, 6000 Poplar Avenue
     124 Washington Street
     Foxboro, MA 02035
     Tel.: 508-543-0040
     Email: madoff@mandkllp.com

                     About Boston Road Service

Taunton, Mass.-based Boston Road Service & Charter Corp. filed a
petition for Chapter 11 protection (Bankr. D. Mass. Case No.
21-11491) on Oct. 14, 2021, listing up to $1 million in assets and
up to $10 million in liabilities.  Gilmaris Ocasio, president,
signed the petition.  Judge Frank J. Bailey oversees the case.  The
Debtor tapped David B. Madoff, Esq., at Madoff & Khoury, LLP as
legal counsel.


BOSTON SCIENTIFIC: Egan-Jones Keeps BB+ Senior Unsecured Ratings
----------------------------------------------------------------
Egan-Jones Ratings Company, on September 30, 2021, maintained its
'BB+' foreign currency and local currency senior unsecured ratings
on debt issued by Boston Scientific Corporation.

Headquartered in Marlborough, Massachusetts, Boston Scientific
Corporation develops, manufactures, and markets minimally invasive
medical devices.



BROOKDALE SENIOR: Egan-Jones Keeps CC Senior Unsecured Ratings
--------------------------------------------------------------
Egan-Jones Ratings Company, on September 20, 2021, maintained its
'CC' foreign currency and local currency senior unsecured ratings
on debt issued by Brookdale Senior Living Inc. EJR also maintained
its 'C' rating on commercial paper issued by the Company.

Headquartered in Brentwood, Tennessee, Brookdale Senior Living Inc.
operates senior living facilities in the United States.



BROOKFIELD SQUARE: Case Summary & 7 Unsecured Creditors
-------------------------------------------------------
Debtor: Brookfield Square Anchor S, LLC  
        2030 Hamilton Place Blvd.
        CBL Center, Suite 500
        Chattanooga, Tennessee 37421

Business Description: Brookfield Square is primarily engaged in
                      renting and leasing real estate properties.
                      The Debtor is a wholly-owned subsidiary of
                      CBL & Associates Limited Partnership.

Chapter 11 Petition Date: October 18, 2021

Court: United States Bankruptcy Court
       Southern District of Texas

Case No.: 21-90014

Debtor's Counsel: Alfredo R. Perez, Esq.
                  WEIL, GOTSHAL & MANGES LLP
                  700 Louisiana, Suite 1700
                  Houston, Texas 77002
                  Tel: (713) 546-5000
                  Email: alfredo.perez@weil.com

                    - and -

                  Ray C. Schrock, P.C.
                  WEIL, GOTSHAL & MANGES LLP
                  767 Fifth Avenue
                  New York, New York 10153
                  Tel: (212) 310-8000
                  Email: ray.schrock@weil.com

Debtor's
Investment
Banker:           MOELIS & COMPANY
                  399 Park Avenue
                  5th Floor
                  New York, NY 10022

Debtor's
Financial
Advisor:          BERKELEY RESEARCH GROUP, LLC
                  99 High Street, 27th Floor
                  Boston, MA 02110

Debtor's
Claims
Agent:            EPIQ CORPORATE RESTRUCTURING, LLC
                  777 Third Avenue, 12th Floor
                  New York, New York 10017

Estimated Assets: $50 million to $100 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Jeffery V. Curry, chief legal officer
secretary.

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

https://www.pacermonitor.com/view/BHF7SKQ/Brookfield_Square_Anchor_S_LLC__txsbke-21-90014__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's Seven Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Husch Blackwell LLP               Professional           $4,039
Attn: Ron Feldman                      Services
P.O. Box 790379
St. Louis, Missouri 63179
Tel: (423) 266‐5500
Email: remit@huschblackwell.com

2. Midwest Landscaping Company       Trade Payable          $2,332
Attn: Bridgette Bender
W297S9115 State Rd 83
Mukwonago, Wisconsin 53149
Tel: (262) 363‐3970
Email: midwestlandscape@centurytel.net

3. DJ's Lawn Sprinklers              Trade Payable          $2,300
Attn: Molly Poulick
W180 S7732 Pioneer Drive
Muskego, Wisconsin 53150
Tel: (414) 546‐6456
Email: molly@djslawnsprinklers.com

4. City of Brookfield‐Utilities          Utility             
$819
Attn: Customer Service
2000 N. Calhoun Road
Brookfield, Wisconsin 53005
Tel: (262) 782‐9650
Facsimile: (262) 796‐6671
Email: cityhall@brookfield.wi.us

5. Waste Mgmt. of Mich‐Harrison        Trade Payable         
$335
Attn: Customer Service
P.O. Box 4648
Carol Stream, Illinois 60197‐4648
Tel: (517) 539‐9626
Email: WMEservice@wm.com

6. We Energies                             Utility            $274
Attn: Customer Service
P.O. Box 90001
Milwaukee, Wisconsin 53290‐0001
Tel: (800) 714‐7777
Email: businesscenterlbc@we‐
energies.com

7. City of Brookfield                   Trade Payable         $230
Attn: Customer Service
2000 N. Calhoun Road
Brookfield, Wisconsin 53005
Tel: (262) 796‐6695
Fax: (262) 796‐6671
Email: cityhall@brookfield.wi.us


CAESARS ENTERTAINMENT: Egan-Jones Keeps CCC Sr. Unsecured Ratings
-----------------------------------------------------------------
Egan-Jones Ratings Company, on September 24, 2021, maintained its
'CCC' foreign currency and local currency senior unsecured ratings
on debt issued by Caesars Entertainment Corporation. EJR also
maintained its 'C' rating on commercial paper issued by the
Company.

Headquartered in Las Vegas, Nevada, Caesars Entertainment
Corporation provides entertainment, gaming, and lodging services.



CAESARS HOLDINGS: Egan-Jones Keeps CCC Senior Unsecured Ratings
---------------------------------------------------------------
Egan-Jones Ratings Company, on September 24, 2021, maintained its
'CCC' foreign currency and local currency senior unsecured ratings
on debt issued by Caesars Holdings, Inc. EJR also maintained its
'C' rating on commercial paper issued by the Company.

Headquartered in Las Vegas, Nevada, Caesars Holdings, Inc. operates
as a gaming company.



CALAMP CORP: Egan-Jones Keeps CCC Senior Unsecured Ratings
----------------------------------------------------------
Egan-Jones Ratings Company, on September 29, 2021, maintained its
'CCC' foreign currency and local currency senior unsecured ratings
on debt issued by CalAmp Corp. EJR also maintained its 'C' rating
on commercial paper issued by the Company.

Headquartered in Irvine, California, CalAmp Corp. delivers wireless
access and computer technologies.



CAR STEREO: Plan Confirmation Hearing Continued to Nov. 15
----------------------------------------------------------
Car Stereo Trading, Inc., and MD Audio Engineering, Inc. filed with
the U.S. Bankruptcy Court for the Southern District of Florida a
motion to continue the hearing on confirmation of the Subchapter V
Plan scheduled for Oct. 13, 2021 and reset all deadlines.

On Oct. 12, 2021, Judge Laurel M. Isicoff granted the motion and
ordered that:

     * Nov. 15, 2021, at 1:30 p.m. at C. Clyde Atkins U.S.
Courthouse, 301 N. Miami Ave., Courtroom 8 (8th Floor), Miami, FL
33128 is the hearing on the confirmation of the plan.

     * Nov. 8, 2021, is fixed as the last day to file any
objections to the confirmation of the plan.

     * Nov. 1, 2021, is the deadline to file fee applications in
this case.

     * Nov. 8, 2021, is the deadline to file ballots accepting or
rejecting the plan.

A copy of the order dated October 12, 2021, is available at
https://bit.ly/3BNFppi from PacerMonitor.com at no charge.

                      About Car Stereo Trading

Car Stereo Trading, Inc., and MD Audio Engineering, Inc., sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
S.D. Fla. Lead Case No. 21-11393) on Feb. 12, 2021.  In the
petition signed by Jose L. Telle, president, Car Stereo Trading
disclosed $3,633,571 in assets and $512,847 in liabilities.  MD
Audio Engineering, Inc., had between $1 million and $10 million in
both assets and liabilities at the time of the filing.

Judge Laurel M. Isicoff oversees the cases.

The Debtors tapped The Law Offices of the General Counsel and
Simpson Law Group, LLP as bankruptcy counsel.  Sanchelima &
Associates, P.A. serves as the Debtors' special counsel.


CARECENTRIX HOLDINGS: S&P Places 'B-' ICR on CreditWatch Positive
-----------------------------------------------------------------
S&P Global Ratings placed all of its ratings on U.S. care
coordination and outsourced benefit management services provider
CareCentrix Holdings Inc., including its 'B-' issuer credit rating,
on CreditWatch with positive implications.

S&P said, "The CreditWatch placement reflects our view that,
following the close of the acquisition (we estimate early 2022),
much higher-rated Walgreens would likely provide some support to
CareCentrix if it experienced financial difficulty.

"The CreditWatch placement primarily reflects that we will likely
raise our ratings on CareCentrix by at least one notch upon the
close of its proposed acquisition by much higher-rated Walgreens,
which we believe would likely support the company in the event of
financial difficulty."

Walgreens' planned acquisition of CareCentrix is an integral part
of the launch of its Walgreens Health business segment and will
build upon the launch of its physical and digital Walgreens Health
Corners, which provide in-person and virtual clinical and
non-clinical services administered by licensed health advisors.
CareCentrix will continue to operate as an independent company
under its current executive leadership following the transaction.

S&P said, "We expect to resolve the CreditWatch in the first
quarter of 2022 following the close of the acquisition. Our ratings
on CareCentrix will depend on its proposed debt structure and the
importance of the company's business to Walgreens' long-term
strategy."



CARLSON TRAVELS: Seeking Votes on Prepack Chapter 11 Plan
---------------------------------------------------------
On Oct. 1, 2021, Carlson Travel Inc. and its affiliates, the
anticipated debtors and debtors in possession, commenced
solicitation for votes to accept or reject their Joint Prepackaged
Plan of Reorganization pursuant to Chapter 11 of the Bankruptcy
Code.

The chapter 11 cases have not yet commenced, but are expected to on
or before Nov. 7, 2021.

The Companies reached agreement with holders of 100% of revolving
credit facility claims, holders of approximately 95% of New Money
Notes claims, holders of approximately 90% of New Senior Secured
Notes Claims, holders of approximately 86% of Third Lien Notes
Claims, and certain affiliates of CWT ("consenting stakeholders"),
as well as the Companies' primary equity sponsor, regarding the
terms of a restructuring transaction.  Among others things, the
restructuring agreement obligates the consenting stakeholders to
vote to approve the Companies' prepackaged plan and support the
Companies' restructuring.

Upon the effective date, the plan provides, among other things, all
outstanding and undisputed general unsecured claims against the
Companies will be unimpaired and unaffected by the Chapter 11 cases
and will be paid in full in cash or reinstated and satisfied in the
ordinary course of business in accordance with the terms and
conditions of the particular transaction giving rise to the claim.

The primary purpose of the plan is to implement a restructuring
transaction that deleverages the Companies' balance sheet and
provides for $350 million of new equity capital to fund the
Companies' go-forward business.

To implement the financial restructuring contemplated by the
restructuring support agreement, the Companies' expect to file
voluntary petition for reorganization pursuant to Chapter 11 of the
Bankruptcy Code in the U.S. Bankruptcy Court for the Southern
District of Texas on or before Nov. 7, 2021.

Upon commencement, the Companies will request a hearing on
confirmation of the plan and the adequacy of the disclosure
statement to be held before the Hon. Marvin Isgur, courtroom 404,
or the Hon. David. R. Jones, courtroom 400, of the U.S. Bankruptcy
Court, Houston Division, 515 Rusk Street Houston, Texas 77002, on
Nov. 8, 2021, at 9:00 a.m. (prevailing Central Time).  Objections
to the plan or the disclosure statement, if any, must be filed no
later than 4:00 p.m. (prevailing Central Time) on Nov. 1, 2021.

The plan and the disclosure statement are accessible for free at
https://cases.primeclerk.com/CarlsonTravelSolicitation/.

Carlson Travel Inc. -- https://carlson.com -- operates a business
travel management companies.  CTI provides travel booking and
servicing across a wide range of service channels, including
online, mobile, email, phone and text messaging.


CARNIVAL CORP: Egan-Jones Keeps CCC+ Senior Unsecured Ratings
-------------------------------------------------------------
Egan-Jones Ratings Company, on October 1, 2021, maintained its
'CCC+' foreign currency and local currency senior unsecured ratings
on debt issued by Carnival Corporation. EJR also maintained its 'B'
rating on commercial paper issued by the Company.

Headquartered in Miami, Florida, Carnival Corporation owns and
operates cruise ships offering cruises to all major vacation
destinations including North America, United Kingdom, Germany,
Southern Europe, South America, and Asia Pacific.



CATCH THIS HOLDINGS: Plan & Disclosure Hearing Continued to Nov. 1
------------------------------------------------------------------
Catch This Holdings, LLC, filed with the U.S. Bankruptcy Court for
the Southern District of Florida a motion to Continue Confirmation
of Plan and Extending Confirmation Deadlines.

On October 12, 2021, Judge Laurel M. Isicoff granted the motion and
ordered that:

     * The final hearing on the First Amended Disclosure Statement
and Plan is continued until Nov. 1, 2021 at 1:30 p.m. at the U.S.
Bankruptcy Court, C. Clyde Atkins United States Courthouse, 301
North Miami Avenue, Courtroom 8, Miami, FL 33128.

     * Oct. 27, 2021 is fixed as the last day to file any
objections to the confirmation of the plan.

A copy of the order dated October 12, 2021, is available at
https://bit.ly/3aKrcxA from PacerMonitor.com at no charge.

Attorneys for the Debtor:

   Nicholas B. Bangos, Esq.
   Nicholas B. Bangos, P.A.
   2560 RCA Blvd., Suite 114
   Palm Beach Gardens, FL 33410
   Telephone: (561) 781-0202
   Facsimile: (561) 781-0202
   Email: nick@nbbpa.com

                     About Catch This Holdings
  
Catch This Holdings, LLC, is a Florida limited liability company
that was formed in 2019 for the purpose of acquiring certain real
property located in Broward County, Florida.  The Debtor sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Fla. Case No. 21-14535) on May 10, 2021.  At the time of the
filing, the Debtor disclosed total assets of up to $50,000 and
total liabilities of up to $500,000.  Judge Laurel M. Isicoff
oversees the case.  Nicholas B. Bangos, PA, is the Debtor's legal
counsel.


CENTURY CASINOS: S&P Ups ICR to B on Faster-Than-Expected Recovery
------------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on
Colorado-based gaming operator Century Casinos Inc. to 'B' from
'B-'. S&P also raised all of its issue-level ratings on the company
by one notch.

S&P said, "The upgrade reflects our lower leverage forecast, due to
the company's strong EBITDA and cash flow generation, despite some
lingering headwinds from the pandemic. Century Casinos has
outperformed our expectations over the last few quarters by
increasing its revenue at a faster pace than we previously
anticipated and achieving higher EBITDAR margins and EBITDAR
relative to its results in 2019. We believe these positive revenue
trends are due to the boost in consumer discretionary spending on
leisure activities because of government stimulus and the
accumulation of savings, pent-up demand for gaming and
entertainment options, the relaxation of pandemic-related
restrictions (including mask mandates/guidance and capacity
limits), and the good pace of U.S. vaccinations earlier this year.

"Given its recent operating trends, our forecast for an increase in
consumer spending, and the strong demand for gaming, we now expect
Century Casinos' 2021 net revenue to be about 5%-10% below its 2019
levels on a pro forma basis, including the effects of its
acquisition of three properties in late-2019. This is a significant
improvement relative to our previous assumption that its revenue
would decline by the low-double-digit percent area relative to 2019
on a pro forma basis. We also believe the company will maintain
many of its previously implemented cost cuts this year, which will
support an EBITDAR margin about 25%-30% higher than in 2019. This
compares with our previous assumption that its EBITDAR would be
lower than in 2019 by the mid-single-digit percent area. Because we
expect Century Casinos to sustain the majority of its implemented
cost improvements, we now forecast its EBITDAR will remain nearly
30% higher than pre-COVID levels through fiscal year 2022. Given
this assumption, we project its consolidated S&P Global
Ratings-adjusted leverage will improve to the mid-4x area in 2021.
We believe the company may further improve its leverage to the
low-4x area in 2022 absent potential incremental investment and
acquisition spending. We believe this will provide Century Casinos
with an ample cushion to withstand some potential operating
volatility, as well as incremental development and acquisition
spending, relative to our 6x leverage threshold at the current
rating."

Century Casinos' financial policy and potential debt-financed
acquisitions will become more important risk factors as it
continues to recover. S&P said, "Although our updated base-case
forecast assumes that the company will build some cushion relative
to our 5x leverage upgrade threshold by the end of 2021, we believe
it could pursue leveraging acquisitions or make other investment
spending decisions that deplete this cushion or potentially cause
its S&P Global Ratings lease-adjusted leverage to increase above
5x." For example, Century Casinos was willing to raise its
lease-adjusted leverage above 5x for its acquisition of three
properties from Eldorado in 2019. As the gaming industry continues
to recover, companies could become more opportunistic and use their
access to the favorable credit markets or stockpiled cash balances
to make investments or complete acquisitions. Century Casinos has
indicated that it intends to continue to invest in its business and
plans to convert its riverboat casino in Caruthersville, Mo. to a
land-based casino and hotel. S&P said, "Although the company has
not provided the specific timeline or estimated costs for this
project, we believe it could begin development in 2022 and assume
total spending of less than $75 million in our base-case forecast.
Century Casinos has also publicly indicated that it would like to
undertake acquisitions to expand its footprint in the U.S. with a
goal of completing one acquisition every 12-18 months. The
potential acquisition targets, timing, purchase price, and funding
structure of these transactions are currently unknown. Our base
case does not assume any merger and acquisition (M&A) activity,
which--if pursued--could slow the company's deleveraging (depending
on the acquisition multiple and the funding structure, as well as
whether it uses traditional debt or REIT financing)."

S&P said, "The stable outlook on Century Casinos reflects our
expectation that it will continue to generate good levels of cash
flow over the next two years, enabling it to invest in its current
portfolio and improve its leverage below 4.5x in 2021 and
potentially to the low-4x area in 2022 (absent potential
incremental investments and acquisition spending). The company's
leverage was 8.3x as of the end of 2020 because of the closure of
its casinos for several months due to the COVID-19 pandemic.

"We could lower our rating on Century Casinos if we believe it will
sustain lease-adjusted debt to EBITDA of more than 6x and S&P
Global Ratings-adjusted EBITDA coverage of interest of less than
2x. This could occur because of a weaker-than-anticipated operating
performance stemming from economic or competitive pressures. It
could also occur if the company unexpectedly took a more aggressive
posture toward development opportunities in its portfolio or
pursued material leveraging acquisitions.

"We could raise our rating on Century Casinos if it outperforms our
forecast such that we expect it to maintain lease-adjusted debt to
EBITDA of less than 5x and funds from operations (FFO) to debt of
more than 12% even after incorporating potential growth investments
in its portfolio."



CHAMBERLAIN GROUP: Fitch Assigns FirstTime 'B' IDR, Outlook Stable
------------------------------------------------------------------
Fitch Ratings has assigned a first-time Long-Term Issuer Default
Rating (IDR) of 'B' to Chariot Holdings, LLC and Chariot Buyer LLC
(dba Chamberlain Group). Fitch has also assigned an expected
'B+(EXP)'/'RR3' rating to Chariot Buyer's proposed first lien
senior secured revolver and term loan and an expected
'CCC+(EXP)'/'RR6' rating to the proposed secured second lien term
loan. The Rating Outlook is Stable.

Chariot's 'B' IDR reflects the high expected leverage following the
close of the acquisition of Chamberlain Group by the Blackstone
Group, the company's strong profitability and FCF margins, its
solid overall position in the value chain, and diversified
end-market exposure. Fitch's expectation of relatively stable
housing and repair and remodel environment, combined with modest
improvement in commercial construction activity in 2022 and
realization of cost savings and synergies in the next 12-24 months
supports modest deleveraging in the intermediate-term through
EBITDA growth and FCF allocated to debt reduction. The company's
extended maturity schedule, adequate liquidity, and manufacturing
concentration risk are also factored into the expected ratings.

The expected ratings are predicated on the completion of the
acquisition of Chamberlain Group by Blackstone and the planned
financing activities. The expected ratings will be converted to
final ratings after the acquisition is completed with financing
arrangements that are consistent with Fitch expectations and
provision of the final documents.

KEY RATING DRIVERS

Acquisition of Chamberlain Group: In September 2021, the Blackstone
Group agreed to acquire Chamberlain Group, LLC for about $5.1
billion. The acquisition will be funded with about $2.5 billion of
debt. The operations of Chamberlain Group and Systems, LLC will be
consolidated under Chariot Buyer, the issuer of the company's
debt.

Solid Overall Competitive Position: Chamberlain Group has
well-recognized brand names with leadership positions in the
residential, commercial, and auto garage door opener markets. The
company also has a well-diversified distribution channel comprised
of dealers and installers, distributors, OEMs and large retailers,
including The Home Depot and Lowe's. Fitch believes these
attributes provide the company with a solid position in the value
chain and helps drive stable to growing margins.

Exposure to Repair Segment Limits Cyclicality: The company has a
well-diversified end-market exposure, with about 54% of revenues
directed to the residential market, 36% to the commercial market,
5% to the automotive market and 5% to international operations.
Within its residential segment, about 76% is directed to the
retrofit market, which includes a high proportion of
non-discretionary break-fix activity. Fitch views Chariot's
end-market exposure positively as the residential and commercial
construction markets typically have differing cycles and the
retrofit market is less cyclical than the new construction market.
This should allow the company to generate more stable revenues and
cash flow through the cycle.

High Leverage Levels: Fitch expects pro forma total debt to
operating EBITDA (based on Fitch adjustments) to be 7.5x for the
LTM period ending June 30, 2021 and will settle at around 8.0x at
the end of 2021. The stable repair and remodel segment, combined
with strong housing completions through at least the first half of
2022 and modest improvement in commercial construction activity
next year supports modest deleveraging, although debt to EBITDA is
forecast to remain elevated at around 7.0x at the end of 2022
before declining to 6.5x by the end of 2023.

This assumes EBITDA margin growth, including realization of cost
savings and some synergies, and modest debt reduction beyond the
required quarterly amortization. Negative rating actions could
occur if synergies are not realized and/or other capital allocation
decisions (e.g. dividends, limited debt repayment) lead to total
debt to operating EBITDA sustained above 6.5x 18-24 months
following the close of the acquisition.

Strong Profitability and FCF Margins: Fitch expects Chariot to
continue to generate EBITDA and FCF margins that are similar to
investment grade building products peers. The company has reported
Fitch-calculated EBITDA margins in the mid-to high-teens and Fitch
expects the company will generate EBITDA margins of 21%-22% over
the rating horizon as Chariot realizes cost savings and synergies
from Blackstone's ownership of the company. Fitch expects FCF (cash
flow from operations less capex and dividends) margins to be around
6%-7% during the rating horizon. The strong FCF margin provides the
company the ability to reduce debt.

Manufacturing and Distribution Footprint: A vast majority of
Chariot's products are manufactured at its facility in Nogales,
Mexico and finished goods are shipped from this location to seven
distribution centers across North America. The strategic
manufacturing footprint allows the company to produce high-quality
products at competitive costs. However, it also exposes Chariot to
significant risks should disruptions occur at this facility. Such
was the case during the early part of the pandemic when the company
temporarily shut down its production facility in Nogales. Fitch
expects management will evaluate alternatives to hedge against the
manufacturing concentration risk.

Blackstone Ownership: Fitch expects the sponsor will maintain a
relatively high leverage tolerance as evidenced by the high
leverage multiple for the proposed acquisition by Blackstone. Fitch
expects the company will lower leverage through EBITDA growth and
debt reduction, but will likely remain in the 6x-7x range during
the rating horizon. However, Fitch also expects Chariot will
benefit from Blackstone's ownership, including accelerating the
company's growth in the commercial garage door opener and access
solutions market.

DERIVATION SUMMARY

Chariot has similar profitability and FCF metrics but higher
leverage than Fitch's public-rated universe of building products
manufacturers, which are concentrated in the low-investment grade
rating categories. These peers typically have total-debt to
operating EBITDA of less than or equal to 3x and global operating
profiles.

Chariot also has modestly higher leverage than large building
products distributors rated by Fitch, including Park River
Holdings, Inc. (B/Negative) and LBM Acquisition, LLC (B/Negative).
Both Park River and LBM are expected to have debt to operating
EBITDA around 6x-6.5x in the intermediate term. Chariot is smaller
in scale but is better positioned in the value chain and has
meaningfully higher profitability and FCF metrics compared to these
distributors.

Fitch applies its Parent and Subsidiary Linkage Criteria and uses a
consolidated approach in determining the ratings of Chariot
Holdings, LLC and Chariot Buyer LLC. The linkage follows a weak
parent/strong subsidiary approach, and strong overall linkage
between Chariot Holdings and Chariot Buyer. Fitch rates Chariot
Holdings as it is the expected issuer of the financial statements
and either directly or indirectly owns Chariot Buyer (borrower
under the credit agreements) and all of the operating
subsidiaries.

KEY ASSUMPTIONS

Fitch's key assumptions within its rating case for the issuer
include:

-- Revenues grow 16.5%-17.5% in 2021 and 2%-3% in 2022;

-- EBITDA margins are 18.5%-19.5% in 2021 and 21%-22% in 2022;

-- Pro forma debt to EBITDA of around 8x in 2021 and 7x in 2022;

-- Modest debt reduction beyond required quarterly term loan (TL)
    amortization;

-- FCF margin of 6%-7% in 2022.

Recovery Analysis Assumptions

The recovery analysis assumes that Chariot would be considered a
going-concern (GC) in bankruptcy and that the company would be
reorganized rather than liquidated. Fitch has assumed a 10%
administrative claim.

Chariot's GC EBITDA estimate of $250 million projects a
post-restructuring sustainable cash flow and is about 19% below
Fitch's projected 2021 pro forma EBITDA.

Fitch assumes that a default would occur from a meaningful and
continued decline in residential and commercial construction
activity, combined with the loss of one of its top customers. Fitch
estimates revenues that are 15% lower and EBITDA margins that are
100 bps below projected 2021 pro forma EBITDA margin, which would
capture the lower revenue base of the company after emerging from a
downturn plus a sustainable margin profile after right sizing.

An EV multiple of 6.5x EBITDA is applied to the GC EBITDA to
calculate a post-reorganization enterprise value. The 6.5x multiple
is below the 14.7x purchase multiple for the Chamberlain Group. The
EV multiple is higher than the 6.0x and 5.5x multiple Fitch uses
for LBM Acquisition, LLC and Park River Holdings, respectively.
Fitch believes Chariot has a stronger competitive position in the
value chain as a manufacturer compared with LBM and Park River,
both of which are distributors. The company also benefits from a
dominant market share, which is reflected in the EBITDA margins in
the high-teens.

The revolver is assumed to be fully drawn at default. The analysis
results in a recovery corresponding to an 'RR3' for the $250
million first lien revolver and $1.925 billion first lien secured
term loan and a recovery corresponding to an 'RR6' for the $600
million proposed second lien secured term loan.

RATING SENSITIVITIES

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

-- Fitch's expectation that total debt-to-operating EBITDA will
    be sustained below 5.0x;

-- The company maintains a strong liquidity position with no
    material short-term debt obligations.

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

-- Fitch's expectation that total debt-to-operating EBITDA will
    be sustained above 6.5x or net debt-to operating EBITDA will
    be consistently above 6.3x 18-24 months after the close of the
    acquisition;

-- FFO interest coverage falls below 2.0x;

-- Fitch's expectation that FCF generation will be below 2%.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Non-Financial Corporate
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.

LIQUIDITY AND DEBT STRUCTURE

Adequate Liquidity Position: Following the consummation of the
transaction, Fitch expects Chariot will have adequate liquidity
with about $20 million of cash and full capacity under its $250
million revolving credit facility due 2026.

Fitch expects the company to generate FCF margin of about 6%-7%
annually (or around $100 million), which is sufficient to cover
annual amortization of $19.25 million under the 1L TL. Fitch
expects some excess FCF will be applied towards debt reduction
beyond the required amortization. The company will have no debt
maturities until 2028, when the 1L TL matures.

ISSUER PROFILE

Chariot Holdings, LLC (dba Chamberlain Group) is a leading North
American provider of access control solutions, with the #1
positions in residential garage doors openers, commercial garage
door openers, commercial gate controls, and automotive garage
access remotes. The company has recently developed a wi-fi
connectivity solution, myQ, which is embedded into new door opener
units and through which the company aims to unlock service
opportunities.

ESG CONSIDERATIONS

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.


CHAMBERLAIN GROUP: Moody's Assigns 'B3' Corp. Family Rating
-----------------------------------------------------------
Moody's Investors Service assigned ratings to the prospective
senior secured credit facilities of Chariot Buyer LLC (aka
"Chamberlain Group"), including a $1,925 million first lien term
loan and $250 million revolving credit facility (both rated B2), as
well as a $600 million second lien term loan (rated Caa2). In
addition, Moody's assigned a B3 Corporate Family Rating and B3-PD
Probability of Default Rating to Chamberlain Group. The outlook is
stable.

Proceeds from the term loans will be used in conjunction with about
$2.3 billion of cash equity from new sponsor, Blackstone, and about
$400 million of existing ownership rollover equity to acquire
Chamberlain Group for a total purchase price of $5.2 billion. This
is the first time Moody's has assigned ratings to Chamberlain
Group.

Assignments:

Issuer: Chariot Buyer LLC

Corporate Family Rating, Assigned B3

Probability of Default Rating, Assigned B3-PD

Senior Secured 1st Lien Revolving Credit Facility , Assigned B2
(LGD2)

Senior Secured 1st Lien Term Loan, Assigned B2 (LGD2)

Senior Secured 2nd Lien Term Loan, Assigned Caa2 (LGD5)

Outlook Actions:

Issuer: Chariot Buyer LLC

Outlook, Assigned Stable

RATINGS RATIONALE

Chamberlain Group's B3 CFR reflects Moody's expectation of
sustained high debt leverage following the leveraged buyout by
Blackstone, which will be 6.9x on a pro forma basis for the last
twelve month (LTM) period ended June 30, 2021. Moody's expects
leverage of about 8.0x by year-end 2021 and 7.0x by year-end 2022,
which reflects more normalized operating performance following a
particularly strong second half of 2020 as demand for new homes and
home renovations surged following the start of the COVID-19
pandemic. In addition, Chamberlain Group put in place temporary
cost saving initiatives during this time period that also
positively impacted earnings.

The rating also reflects strong demand drivers within the
residential end market, which makes up over half of Chamberlain
Group's sales, and is largely supported by the need to retrofit
outdated equipment. In addition, the replacement cycle of a garage
door opener is approximately 12 years which in turn creates a
recurring-like revenue stream at the time of replacement for
Chamberlain Group. The increased adoption of automated access
control equipment, particularly within the commercial sector,
should drive long-term growth for Chamberlain Group's products.
Moody's rating also considers the company's meaningful scale in the
U.S., broad distribution network and strong brand recognition.

Chamberlain Group's liquidity is expected to be good over the next
12 to 18 months and considers the company's annual positive free
cash flow of about $100 million in 2021 and $50 million in 2022.
Liquidity is supported by the expectation of full availability
under the new $250 million revolver over Moody's forecast horizon.
The revolver is subject to a springing maximum first lien net
leverage ratio of 5.55x to be set at a 35% cushion to consolidated
EBITDA, as calculated in the sponsor's financial model, and
assuming that the revolver is at least 50% drawn. This covenant
will only be tested when revolver utilization exceeds 35%, which
Moody's does not expect the company to trigger over the next 12 to
18 months. Alternative liquidity sources are limited as the
majority of the company's assets are encumbered by secured debt.

Governance considerations include Moody's expectations that
Chamberlain Group will maintain an aggressive financial policy that
favors shareholders over creditors. Furthermore, given the private
equity ownership, Moody's expects the company to pay discretionary
dividends, possibly with additional debt, from time to time.

The B2 rating assigned to Chamberlain Group's first lien credit
facilities (term loan and revolver) is one notch higher than the B3
CFR, which reflects their senior position in the capital structure
relative to the second lien debt and other junior claims including
trade payables and operating leases. The Caa2 rating assigned to
the second lien term loan is two notches below the CFR and reflects
its contractual subordination to the company's first lien
commitments.

The stable outlook reflects Moody's expectations of steady growth
across all end markets and in particular the residential repair and
remodel sector, which should help sustain demand for Chamberlain
Group's access control products. The stable outlook also reflects
maintenance of good liquidity.

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

An upgrade of the rating could result from a reduction of debt to
EBITDA, sustained below 6.0x while maintaining a conservative
financial policy and good liquidity profile.

A downgrade would likely result should the company experience
sustained revenue and EBITA margin declines, if financial leverage
is sustained above 7.0x, or if the company experiences a weakening
in its liquidity profile. Ratings could also be downgraded if the
company engages in more aggressive financial policies including
debt funded acquisitions and shareholder returns.

As proposed, the new first lien term loan and revolver facilities
as well as the second lien term loan facility are expected to
provide covenant flexibility that if utilized could negatively
impact creditors. Notable terms include the following:

Incremental Facilities

Incremental debt capacity up to the greater of $350 million and
100% of consolidated EBITDA, plus unlimited amounts subject to pro
forma consolidated first lien net leverage ratio of less than or
equal to 5.55x (if pari passu to the first lien credit facilities).
With respect to debt secured by collateral on a junior lien or pari
passu basis to the second lien term loan facility, an unlimited
amount can be incurred so long as the pro forma consolidated
secured net leverage ratio is less than or equal to 7.30x. With
respect to debt secured by assets that do not collateralize the
existing first and second lien credit facilities, as well as
unsecured debt, an unlimited amount can be incurred so long as
either the pro forma consolidated total net leverage ratio is less
than or equal to 7.55x or the consolidated interest coverage ratio
is greater than or equal to 2.00x. Certain specified incremental
term loans may be incurred with an earlier maturity than the
initial term loans.

Unrestricted Subsidiary Asset Transfers

There are no express "blocker" provisions which prohibit the
transfer of specified assets to unrestricted subsidiaries; such
transfers are permitted subject to carve-out capacity and other
conditions.

Guarantee Releases

Non-wholly-owned subsidiaries are not required to provide
guarantees; dividends or transfers resulting in partial ownership
of subsidiary guarantors could jeopardize guarantees, with no
explicit protective provisions limiting such guarantee releases.

Subordination/Anti-subordination

There are no express protective provisions prohibiting an
up-tiering transaction.

The proposed terms and the final terms of the credit agreement may
be materially different.

Chamberlain Group, headquartered in Oak Brook, IL, is a
manufacturer of entryway and perimeter access control products and
solutions in residential and commercial applications in markets
around the world. For the LTM period ended June 30, 2021, the
company generated $1.6 billion of revenue. Following the
transaction, the company will be owned by Blackstone, a private
equity group.
The principal methodology used in these ratings was Manufacturing
published in September 2021.


CIMAREX ENERGY: Egan-Jones Keeps BB+ Senior Unsecured Ratings
-------------------------------------------------------------
Egan-Jones Ratings Company, on October 1, 2021, maintained its
'BB+' foreign currency and local currency senior unsecured ratings
on debt issued by Cimarex Energy Co.

Headquartered in Denver, Colorado, Cimarex Energy Co. of Colorado
was founded in 2005.



CINEMARK HOLDINGS: Egan-Jones Keeps CCC Senior Unsecured Ratings
----------------------------------------------------------------
Egan-Jones Ratings Company, on September 22, 2021, maintained its
'CCC' foreign currency and local currency senior unsecured ratings
on debt issued by Cinemark Holdings, Inc. EJR also maintained its
'C' rating on commercial paper issued by the Company.

Headquartered in Plano, Texas, Cinemark Holdings, Inc. operates
movie theaters.



CLEAN HARBORS: Egan-Jones Keeps BB- Senior Unsecured Ratings
------------------------------------------------------------
Egan-Jones Ratings Company, on September 27, 2021, maintained its
'BB-' foreign currency and local currency senior unsecured ratings
on debt issued by Clean Harbors Environmental Services, Inc.

Headquartered in Norwell, Massachusetts, Clean Harbors
Environmental Services, Inc. provides hazardous and non-hazardous
material management and disposal services.



CLIFFORD PASSAGE: UST Seeks Conversion, Dismissal or Appointment
----------------------------------------------------------------
Peter C. Anderson, United States Trustee for Region 16, filed with
the U.S. Bankruptcy Court for the Central District of California a
motion to convert, dismiss or appoint a Chapter 11 Trustee in the
Chapter 11 case of Clifford Passage, LLC.  The Debtor, according to
the U.S. Trustee, has failed with comply with certain requirements,
including Monthly Operating Reports for July and August 2021 and
has failed to pay quarterly fees for second quarter of 2021.

The U.S. Trustee asks the Court to set dates and order that the
Debtor remain in full and timely compliance with the date set.  The
U.S. Trustee also seeks that the Debtor's case may be converted or
dismissed without further hearing if the Debtor fails to comply
with any date set.

A hearing on the matter is scheduled for November 4, 2021 at 10
a.m. via ZoomGov.

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

                    About Clifford Passage LLC

Clifford Passage, LLC, filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No.
21-11994) on March 12, 2021, listing $50,000 in both assets and
liabilities.  Judge Sheri Bluebond oversees the case.  Matthew
Abbasi, Esq., at Abbasi Law Corporation, represents the Debtor as
legal counsel.



COLORADO PROPERTY: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
The U.S. Trustee for Region 19 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Colorado Property Associates, LLC.
  
                 About Colorado Property Associates

Denver-based Colorado Property Associates, LLC filed a petition for
Chapter 11 protection (Bankr. D. Colo. Case No. 21-14645) on Sept.
8, 2021, disclosing up to $10 million in assets and up to $1
million in liabilities.  Teresa Immel, president and managing
member of Colorado Property Associates, signed the petition.  Judge
Joseph G. Rosania Jr. oversees the case.  The Debtor tapped Shloss
Law Office, LLC as legal counsel.


CORECIVIC INC: Egan-Jones Hikes Senior Unsecured Ratings to BB+
---------------------------------------------------------------
Egan-Jones Ratings Company, on September 28, 2021, upgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by CoreCivic, Inc. to BB+ from BB.

Headquartered in Nashville, Tennessee, CoreCivic, Inc. provides
detention and corrections services to governmental agencies.



CORNERSTONE ONDEMAND: Egan-Jones Keeps CCC Sr. Unsecured Ratings
----------------------------------------------------------------
Egan-Jones Ratings Company, on September 24, 2021, maintained its
'CCC' foreign currency and local currency senior unsecured ratings
on debt issued by Cornerstone OnDemand, Inc. EJR also maintained
its 'C' rating on commercial paper issued by the Company.

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



COTERRA ENERGY: Egan-Jones Keeps BB+ Senior Unsecured Ratings
-------------------------------------------------------------
Egan-Jones Ratings Company, on October 1, 2021, maintained its
'BB+' foreign currency and local currency senior unsecured ratings
on debt issued by Coterra Energy Inc.

Headquartered in Houston, Texas, Coterra Energy Inc. operates as a
diversified energy company.



CYTODYN INC: Court Denies Rosenbaum-Led Group's Claims
------------------------------------------------------
The Delaware Court of Chancery found that CytoDyn Inc.'s Board of
Directors properly rejected a nomination notice presented by an
activist group led by Paul Rosenbaum and Bruce Patterson (the
"Rosenbaum/Patterson Group").  All of the Activist Group's claims
were denied and judgment was entered for CytoDyn and its Board.

Specifically, the Court found that the Activist Group's nomination
notice failed to comply with the Company's by-laws, finding that
they "ultimately went wrong" by "playing fast and loose in their
responses to key inquiries embedded in the advance notice bylaw..."
The Court also noted that, among other things, the Activist Group's
nomination notice "fell short of what was required," omitted
required information about supporters, and "failed to provide
information regarding an obvious conflict involving a nominator and
a nominee."

The Court determined that the nomination notice was deficient in at
least two key respects:

   * CCTV and Supporters: "The Board rejected the Nomination
Notice, in part, because it failed to disclose the existence of
CCTV, which was founded by Rosenbaum and collected donations to
support the proxy fight... Plaintiffs were obliged to identify
their supporters. This was vitally important information; the Board
was not nitpicking when it flagged the omission as material and
ultimately disqualifying. ... Yet Plaintiffs elected to say nothing
of supporters, preferring instead to withhold the information..."

   * IncellDx: "The Board legitimately suspected that Patterson and
others were keen on revisiting the failed attempt to combine
IncellDx and CytoDyn. ...For Plaintiffs not to appreciate the
presence of that elephant in the room reflects either reckless
indifference or deliberate gamesmanship... [E]vidence clearly
reveals that such a transaction was at least being contemplated by
the IncellDx insiders and Rosenbaum.  [An] email chain reveals that
Patterson continues to believe that a merger would be in the best
interests of both companies; he writes: "it HAS to happen solely
because of our IP.  We haven't made a big deal about it because we
view the 13D as an opportunity to bring this together in a 1+1=3
scenario." In yet another email, Patterson declares, "The takeover
is starting!," and then explains, "Yes this is the beginning of
getting the deal I sent to you consummated!!"

The Court therefore concluded that the nomination notice was
"fatally incomplete" and that the Board of Directors was "justified
in rejecting" it.  Unless the Activist Group appeals and the
decision is reversed, the Company will disregard the Group's
director nominations, and no proxies or votes in favor of its
nominees will be recognized or tabulated at the 2021 Annual
Meeting.

Scott A. Kelly, M.D., Chairman of the Board of CytoDyn, stated,
"Our by-laws are in place to ensure that all shareholders are
treated equally.  We consider it vital that shareholders have the
appropriate information to make informed decisions when voting on
issues that could affect the future of their investment.  The
Company believes that today's ruling upholds this standard.  We
look forward to continuing to focus on bringing leronlimab to
market as expeditiously as possible to benefit patients and create
shareholder value."

The Company filed its definitive proxy statement on Oct. 14, 2021,
and intends to mail its definitive proxy materials to all
shareholders within the next week.

The 2021 Annual Meeting remains scheduled for Oct. 28, 2021.
Shareholders of record as of Sept. 1, 2021, will be entitled to
vote at the Annual Meeting.

CytoDyn is represented by Sidley Austin LLP.

                         About CytoDyn Inc.

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

Cytodyn reported a net loss of $154.67 million for the year ended
May 31, 2021, compared to a net loss of $124.40 million for the
year ended May 31, 2020.  As of Aug. 31, 2021, the Company had
$104.97 million in total assets, $130.16 million in total
liabilities, and a total stockholders' deficit of $25.19 million.

Birmingham, Alabama-based Warren Averett, LLC, the Company's
auditor since 2007, issued a "going concern" qualification in its
report dated July 30, 2021, citing that the Company incurred a net
loss of approximately $154,674,000 for the year ended May 31, 2021
and has an accumulated deficit of approximately $511,294,000
through May 31, 2021, which raises substantial doubt about its
ability to continue as a going concern.


DAVITA INC: Egan-Jones Keeps BB- Senior Unsecured Ratings
---------------------------------------------------------
Egan-Jones Ratings Company, on September 20, 2021, maintained its
'BB-' foreign currency and local currency senior unsecured ratings
on debt issued by DaVita Inc.

Headquartered in Denver, Colorado, DaVita Inc. provides a variety
of health care services.



DC TELECOMM: Hires Tax & Accounting Professionals as Accountant
---------------------------------------------------------------
DC Telecomm, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Colorado to hire Tax & Accounting Professionals,
Inc. as its accountant.

The firm's services include the preparation of federal and state
tax returns and financial statements.

The firm will be paid as follows:

     Tax Preparation and Filing        $475 per tax year
     Financial Management Consulting   $125 per hour

As disclosed in court filings, Tax & Accounting Professionals is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Charles Wickstrom
     Tax & Accounting Professionals, Inc.
     7311 South Platte River Parkway, Unit 208
     Littleton, CO 80120
     Tel: (303) 437-1303
     Fax: (720) 440-9400

                       About DC Telecomm LLC

La Veta, Colo.-based DC Telecomm, LLC is part of the Electrical
Contractors and Other Wiring Installation Contractors industry.

DC Telecomm filed its voluntary petition for Chapter 11 protection
(Bankr. D. Colo. Case No. 21-14940) on Sept. 28, 2021, listing
$509,400 in assets and $1,335,008 in liabilities.  David Howard,
member and manager, signed the petition.  

Stephen Berken, Esq., at Berken Cloyes, PC and Tax & Accounting
Professionals, Inc. serve as the Debtor's legal counsel and
accountant, respectively.


DELL TECHNOLOGIES: Egan-Jones Keeps BB- Senior Unsecured Ratings
----------------------------------------------------------------
Egan-Jones Ratings Company, on September 28, 2021, maintained its
'BB-' foreign currency and local currency senior unsecured ratings
on debt issued by Dell Technologies Inc.

Headquartered in Round Rock, Texas, Dell Technologies Inc. provides
computer products.



DELTA MATERIALS: First Amended Joint Plan Confirmed by Judge
------------------------------------------------------------
Judge Erik P. Kimball has entered findings of fact, conclusions of
law and order confirming the First Amended Joint Chapter 11 Plan of
Reorganization of Delta Materials, LLC and Delta Aggregate, LLC
(the "Debtors").

The modifications announced on the record during the Confirmation
Hearing as set forth herein satisfy 11 U.S.C. Sec. 1127 and the
Debtors, as the proponents of such modifications, have complied
with 11 U.S.C. Sec. 1125 with respect to the Plan, as modified.

Pursuant to 11 U.S.C. Sec. 1127(d), all creditors that accepted or
rejected the Plan are deemed to have accepted or rejected the Plan
as modified by the modifications set forth and announced on the
record during the Confirmation Hearing.  

The Plan is modified as follows:

     * Delta Aggregate, LLC owns two parcels of real property
located in Hendry County, Florida: (i) Parcel No. 1334528
A0000010000, commonly known as 9025 Church Road, Felda, Florida
33930, and (ii) Parcel No. 1334528-A0000020000, commonly known as
9775 Church Road, Felda, Florida 33930. Class 1 of the Plan
consists of Allowed Secured Taxing Authority Claims secured by such
parcels, and provides for the following treatment: "On the
Effective Date, Class 1 shall receive from Delta Aggregate, in full
satisfaction, settlement, release, extinguishment and discharge of
such Claims: (i) retention of liens on the Quarry equal to the
Allow[ed] Amounts of such Claims, and (ii) monthly principal and
interest payments for a period of two (2) years on the Allowed
Amount, amortized over two (2) years, with interest at the
statutory rate or a rate as otherwise determined by the Court.
Delta Aggregate [is] permitted to prepay without penalty."

     * In accordance with ¶ 24 of the Settlement, and upon the
agreement of the Debtors and Legion, monthly payments due and owing
to Legion under the Settlement may be deferred to the due date of
the balloon payment owing to Legion, which payment is currently due
at the end of the second year of payments, i.e. December 2022.

     * Upon the agreement of the Debtors and MSFL Leasing, LLC
("MSFL"), Claim No. 8 filed by MSFL in the Case, and Claim No. 10
filed by MSFL in the DA Case, shall be allowed as a Class 4 General
Unsecured Claim in the amount of $84,228.64. The parties will
submit a separate order to the Court reflecting these modifications
to the claims.

     * Class 3 of the Plan consists of the Allowed Secured Legion
Claim, and provides for the following treatment: "On the Effective
Date, Class 3 shall receive, in full satisfaction, settlement,
release, extinguishment and discharge of such Claims, the treatment
provided for Legion in the Settlement." In turn, the consideration
provided for Legion in the Settlement refers to an earlier-filed
plan, subject to certain modifications.

Attorneys for Debtors:

     Bradley S. Shraiberg, Esq.
     Patrick Dorsey, Esq.
     Shraiberg, Landau & Page, P.A.
     2385 NW Executive Center Drive, Ste. 300
     Boca Raton, FL 33431
     Telephone: (561) 443-0800
     Facsimile: (561) 998-0047
     Email: bshraiberg@slp.law
     Email: pdorsey@slp.law

                    About Delta Materials

Delta Materials, LLC and Delta Aggregate, LLC, are in the business
of aggregate mining, in which material such as crushed stone,
gravel, sand and clay is sold for use in construction.  Delta
Aggregate owns the quarry a street address of 9025 and 9775 Church
Road, Felda, Hendry County, Florida.  Delta Materials is the lessee
or owner of various pieces of mining equipment.

Delta Materials and Delta Aggregate filed voluntary petitions
seeking relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Fla. Lead Case No. 19-13191) on March 12, 2019.  Delta Aggregate
owns a property located at 9025 Church Road, Felda, Fla., having an
appraised value of $22 million.

At the time of filing, Delta Materials' assets totaled $22,006,491
and liabilities totaled $10,377,363.  Delta Aggregate had total
assets of $22,006,491 and total liabilities of $10,377,363.

Judge Erik P. Kimball oversees the cases.  

The Debtors' counsel is Bradley S. Shraiberg, Esq., at Shraiberg
Landau & Page, PA, in Boca Raton, Fla.


EAGLE HOSPITALITY: Settles With Creditors, Files Bankruptcy Plan
----------------------------------------------------------------
Daniel Gill, writing of Bloomberg Law, reports that hotel owner
Eagle Hospitality Real Estate Investment Trust and 26 subsidiaries
filed a Chapter 11 plan to liquidate in bankruptcy and pay secured
lenders at least $360 million.

The Plan, was jointly filed Thursday by the Debtors, the unsecured
creditors committee, and a pre-bankruptcy secured lender -- a loan
syndicate led by Bank of America NA as its agent.

It follows a deal under which the secured lenders agreed to have
$380.5 million in claims allowed in the bankruptcy and recover a
$360 million minimum, according to plan disclosures.

Jeff Montgomery of Law360 reports that the Debtors aim to complete
voting by Dec. 9, 2021 and secure a confirmation on Dec. 16 or 20,
2021 for a liquidation that will pay about $379.5 million to top
creditors in the 15-hotel bankruptcy.

According to Law360, documents filed late Thursday, Oct. 14, 2021,
show that the property company lenders would see the largest
recovery, at least $360.2 million, under a Plan in the works since
January, when the venture moved most of its 18 hotels into Chapter
11 with more than $500 million in debt.

                 About Eagle Hospitality Group

Eagle Hospitality Trust -- https://eagleht.com/ -- is a hospitality
stapled group comprising Eagle Hospitality Real Estate Investment
Trust ("Eagle H-REIT") and Eagle Hospitality Business Trust. Based
in Singapore, Eagle H-REIT is established with the principal
investment strategy of investing on a long-term basis, in a
diversified portfolio of income-producing real estate which is used
primarily for hospitality and/or hospitality-related purposes, as
well as real estate-related assets in connection with the
foregoing, with an initial focus on the United States.

EHT US1, Inc., and 26 affiliates, including 15 LLC entities that
each owns hotels in the U.S., sought Chapter 11 protection (Bankr.
D. Del. Lead Case No. 21-10036) on Jan. 18, 2021.

EHT US1, Inc., estimated $500 million to $1 billion in assets and
liabilities as of the bankruptcy filing.

The Debtors tapped PAUL HASTINGS LLP as bankruptcy counsel; FTI
CONSULTING, INC., as restructuring advisor; and MOELIS & COMPANY
LLC, as investment banker.  COLE SCHOTZ P.C. is the Delaware
counsel.  RAJAH & TANN SINGAPORE LLP is Singapore Law counsel, and
WALKERS is Cayman Law counsel.  DONLIN, RECANO & COMPANY, INC., is
the claims agent.


EDUCATION FUTURES: Vista College Files for Ch. 7 Bankruptcy
-----------------------------------------------------------
Cameron Silber of 12NewsNow reports that less than a week after
Vista College closed its doors, the for-profit college chain has
now filed for bankruptcy.

A class-action lawsuit has also been filed on behalf of students
who were in the middle of their degrees.

One student said she was shocked when the school closed with no
warning, and no help when it comes to transferring credits or being
refunded.

"They changed people's lifestyles," said former Vista College
student Andrea Bryant. "They told people to quit their jobs, the
nursing program is intense you really can't work and do this at the
same time."

False promises leading to a dead end.

"They, for their own profit, put a lot of people in a lot of debt,
and in positions that they might not be able to come back from,"
Bryant said.

Less than a week after closing its doors without notice, Vista
College has filed for bankruptcy.

"If you and I wanted to go declare bankruptcy, certain things like
our student loans wouldn't go away, so we're carved out as not as
special as corporations so I was disgusted of course," said Mark
Sparks, ownership partner at Ferguson Law Firm.

Sparks is a lawyer with Ferguson Law Firm and will represent
students and faculty from Vista College in a class-action lawsuit.
But now, that'll have to wait.

"Now that they're in bankruptcy court in Delaware, what they're
gonna say is we don’t have any money to give you,” Sparks said.
“Well, the question we’re here to answer for the students and
to answer for this community and El Paso and other locations is
what did you do with the money? What did you do with it? That's
what we're here to find out."

Sparks said for-profit schools like this are a widespread issue.

"These equity investors and these vulture capitalist funds that
come in and they buy these schools, but they're really not
interested in being part of the school or keeping the school.
They're school flippers."

Sparks' team recently fought a case just like this, at Brightwood
College in Beaumont, it shut down, and had students transferring to
Vista College.

"So, we may actually encounter unfortunately and sadly, some
Brightwood students who have twice been injured, twice been
victimized, by this type of poor-profit school flipping," Sparks
said.

"I think a lot of people don't know what to do right now. It took
us all off guard," Bryant said.

Lamar Institute of Technology's president confirmed it's opening
the school's doors to former Vista College students.

                 About Education Futures Group

Vista College -- https://www.educationfutures.com/ -- is a
globally-focused education thought leadership and research network
with experience in collaborating with creatives, leaders,
innovators, and learning organizations to create new opportunities
for human development.

Education Futures Group LLC sought Chapter 7 protection (Bankr. D.
Del. Case No. 21- 11326) on Oct. 11, 2021.  In its petition,
Education Futures LLC estimated assets of between $1 million and
$10 million and estimated liabilities of $50,000 or less.  The case
is handled by Honorable Judge John T. Dorsey. Jeremy William Ryan,
of Potter Anderson & Corroon LLP, is the Debtors' counsel.


ELDERHOME LAND: Taps Hirschler Fleischer as New Counsel
-------------------------------------------------------
ElderHome Land, LLC and Burtonsville Crossing, LLC seek approval
from the U.S. Bankruptcy Court for the District of Maryland to
employ Hirschler Fleischer to substitute for McNamee, Hosea,
Jernigan, Kim, Greenan & Lynch, PA.

The firm's services include:

     (a) advising the Debtor with respect to their powers and
duties as debtors-in-possession in the continued operation of their
businesses;

     (b) attending meetings and negotiating with representatives of
creditors and other parties-in-interest;

     (c) taking necessary actions to protect and preserve the
Debtors' estates, including the prosecution of actions on the
Debtors' behalf, the defense of any actions commenced against the
Debtors, and objecting to claims filed against the Debtors'
estates;

     (d) assisting the Debtors in connection with preparing
necessary motions, answers, applications, orders, reports, or other
legal papers necessary to the administration of the estates, and
appearing in Court on behalf of the Debtors in proceedings related
thereto;

     (e) assisting the Debtors in the preparation of a chapter 11
plan and disclosure statement, and in any other matters and
proceedings in connection therewith, including attending court
hearings;

     (f) representing the Debtors in matters which may arise in
connection with their business operations, financial and legal
affairs, dealings with creditors and other parties-in-interest,
sales, and other transactional matters, litigation matters and in
any other matters which may arise during this case; and
     
     (g) performing all other necessary legal services in
connection with the prosecution of this case.

Lawrence A. Katz, a partner at Hirschler Fleischer, assured the
court that the firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Lawrence A. Katz, Esq.
     Hirschler Fleischer
     8270 Greensboro Drive, Suite 700
     Tysons, VA 22102
     Phone: 703.584.8362/703.584.8900
     Fax: 703.584.8901
     Email: lkatz@hirschlerlaw.com

             ElderHome Land and Burtonsville Crossing

ElderHome Land, LLC and Burtonsville Crossing, LLC sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Md.
Lead Case No. 21-10492) on Jan. 25, 2021.  At the time of the
filing, the Debtors had between $1 million and $10 million in both
assets and liabilities.  

Judge Maria Ellena Chavez-Ruark oversees the cases.

Hirschler Fleischer and Gordon & Simmons, LLC, serve as the
Debtors' bankruptcy counsel and special counsel, respectively.


ENERPLUS CORP: Egan-Jones Keeps B Senior Unsecured Ratings
----------------------------------------------------------
Egan-Jones Ratings Company, on September 23, 2021, maintained its
'B' foreign currency and local currency senior unsecured ratings on
debt issued by Enerplus Corp.

Headquartered in Calgary, Canada, Enerplus Corp. is an oil and gas
exploration and production company that owns a large, diversified
portfolio of income-generating crude oil and natural gas
properties.



ENVIVA PARTNERS: S&P Affirms 'BB-' ICR, Outlook Stable
------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' issuer credit rating on
Enviva Partners L.P.

S&P said, "At the same time, we affirmed our 'B+' issue-level
rating on the company's senior unsecured notes. The recovery rating
is unchanged at '5' and indicates modest (10%-30%, rounded
estimate: 20% recovery) in the event of default.

"The stable outlook indicates that we expect Enviva's adjusted
debt-to-EBITDA ratio will be maintained in the 4.5x-5.0x range
during the outlook horizon.

"Projected credit metrics are largely unchanged from our previous
expectations, as the acquisition is fully financed with equity."

On Oct. 15, 2021, Enviva announced its intention to convert from a
master limited partnership (MLP) structure to a corporate structure
to be renamed Enviva Inc. The company merged with its general
partner, Enviva Holdings L.P. (Enviva Holdings; B-/Stable/ --), and
eliminated its incentive distribution rights (IDRs).

Enviva will finance its $870 million acquisition of Enviva Holdings
and IDRs equity with equity issuance to its financial sponsor,
Riverstone Holdings LLC. At closing, Riverstone will own about 45%
of the company. Enviva's management expects that, by pursuing this
organizational change, it can broaden the company's investor base
and lower its cost of capital.

The transaction is largely credit neutral, as forecast total debt
and EBITDA are in line with previous expectations. The $325 million
term loan B at Enviva Holdings has been repaid. EBITDA projections
are also largely unchanged, and will be modestly affected by the
additional selling, general, and administrative expenses associated
with Enviva Holdings. S&P anticipates that Enviva will manage this
transition without heavy tax implications.

The business profile is largely unaffected by the company
undertaking larger projects.

Enviva will undertake the construction of ports and plants, as
opposed to buying fully constructed operational assets from Enviva
Holdings. S&P doesn't view this as resulting in materially higher
risks because the simple build-and-copy approach minimizes
construction risks.

This is also largely neutral in terms of financial metrics, as the
company will have higher capital expenditures (capex) instead of
acquisition spending. The company should also be able to partially
fund this growth with free cash flows, as it will retain more cash
given the elimination of the IDRs and a slower dividend growth
profile. Building assets internally could also result in better
return on investments.

Demand for wood pellets is expected to remain robust over the short
term, while the medium-to-long term outlook is uncertain.

S&P said, "We expect the demand for wood pellets will remain robust
during our short-term outlook horizon, which should benefit Enviva
as the largest wood pellet provider. However, the medium-to-long
term longevity for biomass remains uncertain given ongoing
regulatory changes. As an example, the EU is considering making
sustainability requirements more stringent. While we think Enviva
might benefit from stricter requirements in terms of market share,
it highlights the potential for additional risks in the sector.

"The stable outlook indicates that we expect debt to EBITDA of
about 4.6x in 2021 and 4.7x in 2022. In addition, we expect
Enviva's contract profile will develop further as the company
continues to diversify and counterparties' credit quality
improves."

S&P could take a negative rating action if:

-- Enviva's leverage metrics increase such that weighted-average
debt to EBITDA is above 5x on a sustained basis, which could occur
if the company modifies its financial policy with
higher-than-expected debt-financed capex or meaningfully increases
its dividends; and

-- The company encounters difficulties in acquiring or replacing
counterparties for offtake volume, which could occur if demand is
weaker than expected due to unfavorable regulatory changes.

S&P could take a positive rating action if:

-- Enviva continues to expand, and diversifies and improves in
terms of counterparties' credit quality; and

-- S&P sees further evidence, and some track record, of the
company maintaining conservative financial policies, with S&P
Global Ratings-adjusted debt-to-EBITDA leverage below 4.5x on a
sustained basis.



EP GLOBAL: Moody's Assigns First Time 'B2' Corporate Family Rating
------------------------------------------------------------------
Moody's Investors Service assigned first time ratings to EP Global
Production Solutions LLC ("Entertainment Partners"), including a B2
corporate family rating and B2-PD probability of default rating.
Additionally Moody's assigned B1 instrument ratings on both a new,
$110 million first-lien revolving credit facility and a new, $850
million first lien term loan, to the borrower of the facilities, EP
Purchaser, LLC. The outlook is stable. The company is also issuing
a new $200 million second lien term loan (not rated). Proceeds from
the proposed first and second lien term loan will be used to
refinance existing debt of the borrower and pay a $285 million
distribution to shareholders, including private equity sponsor TPG
Capital ("TPG").

Social and governance factors are considerations in the ratings.
Entertainment Partners is expected to benefit from the societal
trend of increasing demand for streaming services that gives rise
to new content being produced. Governance considerations includes
the private equity ownership of the company that increases the risk
of debt funded acquisitions or distributions.

Assignments:

Issuer: EP GLOBAL PRODUCTION SOLUTIONS, LLC

Corporate Family Rating, Assigned B2

Probability of Default Rating, Assigned B2-PD

Issuer: EP Purchaser, LLC

Senior Secured First Lien Revolving Credit Facility, Assigned B1
(LGD3)

Senior Secured First Lien Term Loan, Assigned B1 (LGD3)

Outlook Actions:

Issuer: EP GLOBAL PRODUCTION SOLUTIONS, LLC

Outlook, Assigned Stable

Issuer: EP Purchaser, LLC

Outlook, Assigned Stable

RATINGS RATIONALE

The B2 CFR reflects Entertainment Partners' high financial leverage
at roughly 7.3x debt/EBITDA, Moody's adjusted as of end of June
2021, including the treatment of software development cost as an
expense and pro forma for the new credit facilities. Leverage is
expected to reduce below 6.0x as the production industry continues
to recover from the depths of the pandemic. The rating also
reflects the narrow scope of the company's services, which is
concentrated solely in the content production industry within the
entertainment sector. There is some customer concentration and
revenue is highly concentrated within a few large media and
entertainment companies with over 50% of 2020 billings coming from
four customers. However given the numerous production companies
within each large studio that ultimately engages the services of
the company, there is some diversification from that structure. The
ratings also consider the small scale of the company -- with $325
million in revenue for the LTM June 2021 period the company is
small in scale when compared to other similarly rated companies.
Moody's expects the content production industry to continue to
recover from 2020 when production was severely curtailed due to
COVID and, together with new projects, should drive growth in
revenue. Earnings in the largest segment, Payroll Services, is
dependent on the number of people that are employed by the
company's clients as well as the overall volume of gross wages.
Moody's expects that growth in this segment will be in the mid to
high-single digit area as new projects are started, older projects
are completed, and some market share is gained. Thus, deleveraging
is expected and will be driven by earnings growth. However,
deleveraging could be limited by shareholder distributions, which
is a governance risk Moody's consider for private equity owned
companies. Lastly, given the high proportion of employees in the
production industry that belong to a union or guild, there is the
risk of stalled work related to contract renegotiations, which
would negatively affect revenue of the company.

The rating is supported by Entertainment Partners' position in the
market and strong track record and relationships with the largest
content producers in the entertainment sector. The company provides
services to the largest studios and over-the-top producers of
on-demand content. Entertainment Partners is one of the two largest
payroll and ancillary service providers in the industry. The
company's strong position in the sector is supported by the
complexity of labor arrangements that characterizes the media
production industry, reporting and compliance requirements across
jurisdictions and the management of scheduling and accounting needs
of different studios. Entertainment Partners' proprietary software
platforms are integrated at the studio level and are thus
entrenched into the processes of the projects, which makes
switching onerous for customers. Recent trends in the industry are
a tailwind to the credit. There is an increasing demand for content
that is a result of over-the-top content providers such as Netflix
and Amazon creating on-demand channels that compete with the more
traditional sources of content such as cable and broadcast. In
addition, there is a shift towards episodic content from feature
films where projects tend to be longer and more predictable.
Moody's believes that the earnings for the company will be
supported by these macro trends for the projection period.

Moody's views Entertainment Partners' liquidity as good, as
demonstrated by a pro forma cash balance of approximately $143
million that will be supplemented by free cash flow that, as a
percentage of debt, is expected to approach the mid-single-digit
percentages over the next 12 to 18 months. Cash needs, including
interest expense, capital expenditure and amortization will be
covered by cash flow. Working capital is expected to be a use of
cash this year as accrued payroll expenses decline after building
up in the latter half of 2020 because of higher activity and gross
wages. The company is expected to have a $110 million revolving
credit facility from this transaction, which Moody's expects will
be undrawn at closing as well as for the next 12-18 months. The
transaction's loose covenant package is expected to include a net
first-lien-leverage limit, with no stepdowns, applicable when the
revolver is 35% drawn, and no covenants associated with the term
loans, suggests the company will have unimpeded access to the
liquidity facility.

The B1 rating for Entertainment Partners' proposed first lien bank
credit facilities reflects a B2-PD PDR and two class debt structure
with the first lien facilities receiving support from the
first-loss tranche second lien term loan. The $110 million first
lien revolver, the $850 million first lien term loan, and the $200
million second lien term loan mature in 2026, 2028, and 2029,
respectively. The credit facilities are secured by first priority
(subject to certain exceptions) liens and security interests in
substantially all assets of the borrower and guarantors. The
guarantors include all current and future direct and indirect
domestic restricted subsidiaries of the borrower and the immediate
parent of the borrower.

Entertainment Partners' corporate governance policy presents risks
through both the high financial leverage employed and private
equity ownership, which typically places shareholder interests
above those of creditors. Moody's expects aggressive financial
policies will sustain high levels of leverage, including
debt-funded M&A transactions and other shareholder-friendly
policies. Societal factors are tailwinds to the credit, stemming
from the trend of people increasingly consuming on-demand content
and less of the traditional cable and television content. The
larger variety of channels by which content is delivered means more
content that needs to be produced, which increases the demand for
services that companies such as Entertainment Partners provides.

As proposed, the new credit facilities are expected to provide
covenant flexibility that if utilized could negatively impact
creditors, including: i) an incremental first-lien facility up to
the greater of $169 million or 100% of adjusted EBITDA, plus
amounts reallocated from the general debt basket, plus an unlimited
amount subject to 5x consolidated first lien net leverage. Amounts
up to the greater of $169.0 million and 100.0% of Consolidated
EBITDA, plus any amounts reallocated from the general debt basket
and the RP debt basket, plus the amounts incurred in connection
with an acquisition or investment may be incurred with an earlier
maturity date than the initial term loans; ii) the ability to
transfer assets to unrestricted subsidiaries, to the extent
permitted under the investment baskets, with no express "blocker"
provisions restricting such transfers; and iii) the requirement
that only wholly-owned domestic restricted subsidiaries act as
subsidiary guarantors, raising the risk that guarantees may be
released following a partial change in ownership, with no explicit
protective provisions limiting such guarantee releases. The credit
agreement requires 100% of net cash proceeds to be used to repay
the credit facility, if not reinvested within 24 months (subject to
extension to 180 days), with 50% and 0% step-downs on the repayment
requirement if consolidated first lien net leverage is no more than
4.50x and 4.00x times, respectively. There are no express
protective provisions prohibiting an up-tiering transaction. The
proposed terms and the final terms of the credit agreement may be
materially different.

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

The stable outlook reflects the expectation for solid revenue
growth for 2021 as activity levels recover from the pandemic when
production activity was curtailed. Revenue growth for 2022 and 2023
is expected to be in the mid-teen area driven by higher gross wages
and growth in overall production activity and project wins. Moody's
expects there will be some cross-selling opportunity in the various
technology platforms offered by the company. Moody's believes the
demand for content is stable generally from consumers and that
production of new content will grow as studios compete for
audiences. EBITDA margins are expected to be very strong and in the
40% area. Moody's believes that the business will be able to
leverage volume growth with existing or slightly higher levels of
SG&A. Leverage is expected to decline to 5.9x by the end of 2022,
assuming no debt funded distributions or acquisitions.

The ratings could be upgraded if (i) the company exhibits sustained
revenue growth that leads to increased scale, closer to
higher-rated peers, and maintaining strong profitability, (ii) the
company maintains conservative financial policies such that
Moody's-adjusted debt-to-EBITDA is sustained around 5.0x and (iii)
free cash flow generation, as measured on a percentage of debt
basis, is sustained above 10.0%.

A ratings downgrade could result if: (i) revenue or EBITDA
contracts materially from current level due to loss of customers or
market share, (ii) Moody's expects free cash flow to debt to be
sustained below 3%, (iii) debt-to-EBITDA is sustained above 7.0x or
(iv) liquidity declines significantly. Undertaking a more
aggressive financial policy, through debt-funded acquisitions or
other steps, could also pressure the ratings.

Headquartered in Burbank, California, Entertainment Partners
provides production and workforce management solutions to producers
of content in the entertainment industry with a focus on delivering
services in a technology enabled manner. Within the Payroll
Solutions segment the company provides production finance
solutions, central casting, residuals management, processing
software and workers comp insurance. The Technology Solutions
segment provides digital production management solutions to manage
production budgets, schedules, inventory, and reporting. The
company also provides tax credit financing, administration
solutions, production incentive estimates and insurance products
designed to comply with Affordable Care Act and related reporting
for compliance reasons. The company was purchased by TPG Capital in
2019. Moody's expects 2021 revenues of $400 million for 2021.

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


EXCELLENCE 2000: Seeks to Hire Baker & Associates as Legal Counsel
------------------------------------------------------------------
Excellence 2000, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of Texas to hire Baker & Associates to
serve as legal counsel in its Chapter 11 case.

The firm's services include:

     a. analyzing the Debtor's financial situation and advising the
Debtor with respect to its duties under the Bankruptcy Code;

     b. preparing and filing the Debtor's schedules of assets and
liabilities, statement of affairs, motions and other legal papers;

     c. representing the Debtor at the first meeting of creditors;

     d. representing the Debtor in all proceedings before the
bankruptcy court and in any other judicial or administrative
proceeding where the rights of the Debtor may be litigated or
otherwise affected;

     e. preparing and filing a Chapter 11 plan of reorganization;
and

     f. assisting the Debtor in any matters relating to or arising
out of its Chapter 11 case.

Baker & Associates received a retainer in the amount of $25,000,
inclusive of $1,738 filing fees.

The firm's hourly rates are as follows:

     Reese W. Baker               $525 per hour
     Sonya Kapp                   $475 per hour
     Karen Rose                   $500 per hour
     Nikie Marie Lopez-Pagan      $400 per hour
     Paralegals                   $125 - $175 per hour

As disclosed in court filings, Baker & Associates is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

      Reese Baker, Esq.
      Baker & Associates
      950 Echo Ln Ste 300
      Houston, TX 77024-2824
      Phone: (713) 869-9200
      Fax: (713) 869-9100

                    About Excellence 2000 Inc.

Excellence 2000, Inc. filed its voluntary petition for Chapter 11
protection (Bankr. S.D. Texas Case No. 21-33136) on Sept. 27, 2021,
listing up to $50 million in assets and up to $500,000 in
liabilities.  Sherwin Allen, president of Excellence 2000, signed
the petition.  Judge Eduardo V. Rodriguez presides over the case.
Reese Baker, Esq., at Baker & Associates represents the Debtor as
legal counsel.


EZTOPELIZ LLC: Unsecured Creditors to Get Share of Sale Proceeds
----------------------------------------------------------------
Eztopeliz, LLC, filed with the U.S. Bankruptcy Court for the Middle
District of Florida a Disclosure Statement with respect to Plan of
Reorganization dated October 14, 2021.

The Debtor is a Florida limited liability company that owns
approximately 13 acres of undeveloped land located at 4600 & 4650
Dixie Highway NE, Port Malabar Unit 1, Palm Bay, Florida (the
"Property"). The Property is planned and permitted for development
into a 192-unit condominium complex and has obtained permits and
plans already acquired.

Debtor acquired the Property in 2005 with the intention of
developing the Property. On or about August 6, 2019, Debtor
obtained a loan from HLI Investments and Funding – Fund 2, LLC
("HLI") via a mortgage on the Property. HLI initiated its
foreclosure against Debtor on or about July 30, 2020 ("HLI
Foreclosure"). The Debtor's bankruptcy filing was necessitated by
the foreclosure initiated by HLI and by a purchaser canceling the
purchase contract.

The Plan provides for the reorganization of the Debtor's Estate and
the orderly payment of Allowed Claims in full through development
and sale of the Property.

The Plan provides for the orderly payment of Allowed Claims,
including through sale or public auction of the Debtor's Property.
The Debtor will pay in full all Allowed Administrative on the
Effective Date, unless otherwise agreed to by the holder of any
such claim. The Debtor shall continue to exist after the Effective
Date as a limited liability company in accordance with the laws of
the State of Florida.

Class 1 consists of the Secured Claim of HLI Investments and
Funding-Fund 2, LLC. In the event a Final Order is entered that
determines the Claim of HLI is Disallowed, HLI shall receive no
Distribution, and any Lien of HLI shall be deemed void and
extinguished effective as of the Effective Date. To the extent the
Disputed Claim of HLI is Allowed, HLI shall retain a Lien on the
Property to the extent of the Allowed Claim with the same priority
existing as of the Petition Date, and shall be paid the amount of
its Allowed Claim in equal monthly installments over a term of 8
years, at an annual percentage rate of 4.25%, amortized over a 20
year term.

Payment of the Allowed Claim of HLI shall commence on the later of
(i) 30 days after the Effective Date, or (ii) 30 days after entry
of a Final Order determining the Claim of HLI is Allowed. The
Debtor may prepay or refinance the Allowed portion of HLI's Claim
at any time without penalty, fee or interest, other than unpaid
interest accrued and due at the time of the prepayment or
refinance.

Class 10 consists of the General Unsecured Claims. Each Holder of
an Allowed Unsecured Claim shall receive a Distribution equal to
the Holder's Pro Rata Share in any net proceeds from the sale of
each Parcel or the Property, after full payment of all Allowed
Secured Claims encumbered by such Parcel or the Property in
accordance with the provisions of the Plan. To the extent that any
Secured Claim described in the Plan is Disputed at the time of any
sale of a Parcel encumbered by that Secured Claim, the net sale
proceeds of that Parcel shall be held by the Debtor in trust until
the Disputed Secured Claim is either Allowed or Disallowed, at
which time the Holders of the Allowed Unsecured Claims shall be
entitled to a Distribution in accordance with the provisions of the
Plan.

Class 12 consists of Equity Interests of Debtor. Class 12 consists
of any and all beneficial and ownership interests of the Debtor
that is property of the Debtor's Estate under section 541 and 1115
of the Bankruptcy Code. On the Effective Date, all Holders of
beneficial and ownership interests in the Debtor shall retain their
interests in the Debtor.

                Means of Implementation of the Plan

A third party investor, named Preg-Advantis Palm Bay LLC, located
at 1930 N. Donnelly Street, Mt. Dora, Florida 32757, and its
affiliated entities, shall purchase outstanding shares of the
Debtor in consideration for payment to the Debtor of $375,000.00 in
Cash (the "Investment") on the Effective Date. The Investment will
be used by the Debtor to fund the Plan and develop the Property for
sale.

The Debtor may develop, market and sell the Property at any time,
in its sole and absolute discretion, subject to the express terms
and provisions of the Plan, as long as the sale price shall net
sufficient funds to pay in full any and all Allowed Claims in
Classes 1 through 9 of the Plan. Allowed Claims in Classes 1
through 9 shall be paid in accordance with the terms set forth in
the Plan.

In the event that the Debtor fails to pay in full the Allowed
Secured Claims in Classes 1 through 9 of the Plan within 8 years
after the Effective Date, the Property shall be sold at public
auction to the highest bidder. Each of the Holders of Allowed
Secured Claims in Classes 1 through 9 shall be entitled to a credit
bid in the amount of the unpaid portion of its Allowed Claim.

In the event of a public auction of the Property in accordance with
the terms of the Plan, the Debtor or the Holder of an Allowed Claim
in Classes 1 through 9 may file a motion with the Bankruptcy Court
to determine the process and procedure of any such auction, or any
of the parties' rights with respect to such auction.

A full-text copy of the Disclosure Statement dated October 14,
2021, is available at https://bit.ly/2YYMJzN from PacerMonitor.com
at no charge.

Counsel for the Debtor:

     Jonathan M. Sykes, Esq.
     Michael A. Nardella, Esq.
     Nardella & Nardella, PLLC
     135 W. Central Blvd., Suite 300
     Orlando, FL 32801
     Tel: (407) 966-2680
     Email: mnardella@nardellalaw.com

                     About Eztopeliz LLC

Eztopeliz, LLC, a company in Titusville, Fla., sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
21-03674) on Aug. 12, 2021, disclosing up to $10 million in assets
and up to $50 million in liabilities.  Jeffrey C. Unnerstall, the
Debtor's manager, signed the petition.  Judge Karen S. Jennemann
oversees the case.  Nardella & Nardella, PLLC is the Debtor's legal
counsel.


FIRST CHOICE: Case Summary & 3 Unsecured Creditors
--------------------------------------------------
Debtor: First Choice Trucking LLC
        208 Bennett Rd
        Freehold, NJ 07728-7810

Business Description: First Choice Trucking is a Single Asset Real
                      Estate debtor (as defined in 11 U.S.C.
                      Section 101(51B)).  The Debtor's sole asset
                      is a six-acre warehouse and office located
                      in Freehold, NJ, having a current value of
                      $1 million.
                 
Chapter 11 Petition Date: October 18, 2021

Court: United States Bankruptcy Court
       District of New Jersey

Case No.: 21-18098

Debtor's Counsel: Timothy P. Neumann Esq.
                  BROEGE, NEUMANN, FISCHER & SHAVER LLC
                  25 Abe Voorhees Dr
                  Manasquan, NJ 08736-3560
                  Tel: (732) 223-8484
                  Fax: (732) 223-2416
                  E-mail: tneumann@bnfsbankruptcy.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Robert Schlumpf as president.

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

https://www.pacermonitor.com/view/J5DVEQI/First_Choice_Trucking_LLC__njbke-21-18098__0001.0.pdf?mcid=tGE4TAMA


GAP INC: Egan-Jones Keeps B+ Senior Unsecured Ratings
-----------------------------------------------------
Egan-Jones Ratings Company, on September 20, 2021, maintained its
'B+' foreign currency and local currency senior unsecured ratings
on debt issued by Gap, Inc.

Headquartered in San Francisco, California, Gap, Inc. is an
international specialty retailer operating retail and outlet.


GATE NY: Tiger Group to Auction Remaining Equipment Assets
----------------------------------------------------------
Screen-printing and embroidery companies can now acquire the
remaining equipment assets from Gate NY -- formerly a major
drop-ship location for garment distributors in the Northeast -- in
an immediate sale by Tiger Group.

"The supply-chain crunch means that companies in the
garment-printing and embroidery business are often being forced to
wait months for newly purchased equipment to arrive, potentially
complicating their plans for growth and expansion," noted John
Coelho, a Senior Director with Tiger Commercial & Industrial. "This
sale by Tiger Group is an incredible opportunity for these
companies to immediately acquire selective groupings of
high-quality assets at a competitive value."

Available via private-treaty transaction are a wide array of:

    * Screen-printing machines, flash cures, dryers, folders and
accessories by the likes of MHM, Dane, M&R, Hix Interchange, NEDCO
and OYO
    * Embroidery machines and accessories from Barudan and Hashima
    * Direct-to-garment printing and pretreatment equipment by
Brother and Schulze
    * Heat-transfer presses by Stahls and Brother
    * A Roland printer/cutter; and
    * Various material-handling and plant-support assets, including
a Linde forklift truck; battery-powered order picker with battery
and charger; pallet racking; several compressors, as well as pallet
jacks, dollies, carts, heat sealers, conveyers and more.

"It's important to note that this is not an auction," Mr. Coelho
noted. "The assets on offer here are available in a negotiated
sale. They may well go to a single motivated buyer, but Tiger Group
will entertain offers for the purchase of large groupings of
significant assets as well."

Established in 1996, full-service contract decoration company Gate
NY discontinued its operations following the death of its founder.
Gate NY decorated more than 1.5 million garments a year for major
distributors like S&S Activewear, SanMar and Alpha Broder. It was
an authorized decorator for North Face, Under Armour and Puma, and
had worked on projects involving brands such as Ferrari, Ford,
Pepsi, Red Bull, BBC America, Energizer, Benjamin Moore Paints and
CAT, to name a few.

Inspection of the assets is available by appointment only. To
arrange an inspection, contact Tiger Group at (800) 758-8443 or
auctions@tigergroup.com

For photographs and other details on the auction and assets, visit
https://soldtiger.com/sales/entire-textile-embellishment-facility/



GENESIS PLACE: Seeks to Hire Woodyard Realty as Real Estate Broker
------------------------------------------------------------------
Genesis Place, LLC seeks approval from the U.S. Bankruptcy Court
for the Western District of Tennessee to hire Woodyard Realty
Corporation as real estate broker.

The Debtor requires a real estate broker to list and market its
apartment complex located at 3007 Getwell, Memphis, Tenn.

The firm will be paid a commission of 3 percent of the gross sale
proceeds at the closing.

Steve Woodard, the firm's broker who will be providing the
services, disclosed in a court filing that he is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Steve Woodyard
     Woodyard Realty Corporation
     5865 Ridgeway Center Parkway, Suite 300  
     Memphis, TN 38120
     Phone: 901.767.1998
     Fax: 888.252.0319
     Email: steve@woodyardrealty.com

                        About Genesis Place

Genesis Place, LLC, a Memphis, Tenn.-based company, classifies its
business as single asset real estate (as defined in 11 U.S.C.
Section 101(51B)).

Genesis Place filed a petition for Chapter 11 protection (Bankr.
W.D. Tenn. Case No. 20-24485) on Sept. 15, 2020, listing as much as
$10 million in both assets and liabilities.  Judge David S. Kennedy
oversees the case.  The Debtor tapped Glanker Brown, PLLC as legal
counsel.

Pangea Mortgage Capital, LLC, as lender, is represented by R.
Spencer Clift, III, Esq., at Baker, Donelson, Bearman, Caldwell &
Berkowitz, P.C.

The Debtor filed its proposed Chapter 11 plan of reorganization on
Dec. 14, 2020.


GLOBALSTAR INC: Egan-Jones Keeps CC Senior Unsecured Ratings
------------------------------------------------------------
Egan-Jones Ratings Company, on September 28, 2021, maintained its
'CC' foreign currency and local currency senior unsecured ratings
on debt issued by Globalstar, Inc. EJR also maintained its 'C'
rating on commercial paper issued by the Company.

Headquartered in Covington, Louisiana, Globalstar, Inc. provides
mobile voice and data communications services via satellite.



GOODYEAR TIRE: Egan-Jones Keeps B+ Senior Unsecured Ratings
-----------------------------------------------------------
Egan-Jones Ratings Company, on September 30, 2021, maintained its
'B+' foreign currency and local currency senior unsecured ratings
on debt issued by Goodyear Tire & Rubber Company.

Headquartered in Akron, Ohio, Goodyear Tire & Rubber Company
develops, manufactures, distributes, and sells tires for most
applications.



GULF COAST: Gets Court Approval to Tap $25 Mil. Ch. 11 Financing
----------------------------------------------------------------
Rick Archer of Law360 reports that a Delaware bankruptcy judge said
she will sign off on a nursing home chain's $25 million Chapter 11
financing package from its primary landlord as buyers are sought
for the company's 28 facilities in three states.

At a virtual hearing Friday, October 15, 2021, afternoon, U.S.
Bankruptcy Judge Karen Owens said she would give Gulf Coast Health
Care permission to draw on the funds being offered by an Omega
Healthcare Investors subsidiary under the restructuring agreement,
or RSA, between the nursing home chain, its landlord and a senior
lender.

                    About Gulf Coast Health Care

Gulf Coast Health Care is a licensed operator of 28 skilled nursing
facilities comprising nearly 3,350 licensed beds across Florida,
Georgia, and Mississippi.  It provides short-term rehabilitation,
comprehensive  post-acute skilled care, long-term care,  assisted
living, and therapy services in each of their Facilities.

Gulf Coast Health Care, LLC, and 61 affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 21-11336) on Oct. 14,
2021.  In the petition signed by Benjamin M. Jones as chief
restructuring officer, Gulf Coast Health Care estimated assets of
between $10 million and $50 million and estimated liabilities of
between $100 million to $500 million.

The cases are handled by Honorable Judge Karen B. Owens.

McDERMOTT WILL & EMERY LLP is the Debtors' counsel, and ANKURA
Consulting Group LLC is the financial advisor.  Epiq is the claims
agent.


GVS TEXAS: RREF III Storage Withdraws Motion to Appoint Trustee
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas, on
October 13, 2021, held a status conference on the motion of
Creditor RREF III Storage LLC to appoint a trustee for GVS Texas
Holdings I, LLC and its debtor-affiliates. In attendance at the
hearing were (i) the Debtors (with representative, Robert B.
Albergotti and Houlihan Lokey representative M. Neimann); (ii) the
Office of the United States Trustee; (iii) certain Texas Taxing
Authorities; (iv) Property Manager, Great Value Storage LLC; (v)
ESS-GV Holdings LLC.; and (vi) Wells Fargo Bank, National
Association, as Trustee, for the benefit of the Registered Holders
of UBS Commercial Mortgage Trust 2019-C16 Commercial Mortgage
Pass-Through Certificates, by and through Midland Loan Services, a
division of PNC Bank, N.A. as special servicer for the Lead
Securitization Noteholder (the "Trust").

Counsel for the movant, the UST, and the Trust presented arguments
in favor of the appointment of a Chapter 11 Trustee.  The Trust
orally moved for the Court to appoint a Chapter 11 Trustee
immediately.  The Debtors, the Trust, and RREF, among others,
entered into a stipulation that was announced on the record and so
ordered by the Court, pursuant to which, Robert D. Albergotti is
immediately appointed as the sole director of the Debtors.  Natin
Paul immediately resigned as an officer and director of each of the
Debtors, and, subject to further Court order, shall have no role
whatsoever with respect to management or operation of the Debtors
except a duty to cooperate with Mr. Albergotti in accordance with
the current order.

RREF's Motion to appoint a trustee was withdrawn as provided in the
stipulation.  However, all rights with respect to the U.S.
Trustee's Motion to Appoint a Trustee or Convert the Chapter 11
cases to Chapter 7 were reserved.  Said motion will be heard on
November 3, 2021 at 1:30 p.m.

                          About GVS Texas

GVS Texas Holdings I, LLC and its affiliates are primarily engaged
in renting and leasing a wide array of properties functioning
principally as self-storage and parking facilities in 64 locations
in Texas, Colorado, Illinois, Indiana, Mississippi, Missouri,
Nevada, New York, Ohio, and Tennessee. Six of the properties are in
the Dallas-Fort Worth Metroplex, with an additional 28 located
elsewhere in the State of Texas.  The properties are managed by
Great Value Storage, LLC, that maintains and manages the
facilities.

GVS Texas Holdings I and several affiliates sought Chapter 11
protection (Bankr. N. D. Tex. Lead Case No. 21-31121) on June 17,
2021.  In its petition, GVS Texas Holdings I listed assets and
liabilities of $100 million to $500 million each.

The parent entity, GVS Portfolio I C, LLC, filed a voluntary
Chapter 11 petition June 23, 2021.

The petitions were signed by Robert D. Albergotti, authorized
party.

Great Value Storage, LLC, is a non-debtor operating affiliate.

Judge Michelle V. Larson oversees the case.

The Debtors tapped Thomas R. Califano, Esq., at Sidley Austin LLP,
as general bankruptcy counsel.



GVS TEXAS: UST Seeks Case Trustee or Chapter 7 Conversion
---------------------------------------------------------
William T. Neary, United States Trustee for Region 6, filed with
the U.S. Bankruptcy Court for the Northern District of Texas a
motion to appoint a Trustee, or in the alternative, convert to
Chapter 7 the Chapter 11 cases of GVS Texas Holdings I, LLC and its
affiliated debtors.  The U.S. Trustee contends that cause exists to
appoint a Chapter 11 Trustee because the Debtors cannot serve as
fiduciaries as reflected by the incomplete financial reporting and
the attendant litigation and lack of confidence that resulted.

With the Debtors' corporate governance structure and the fact that
the Debtor's Property Manager is in receivership, the appointment
of a chapter 11 trustee would be the most effective and efficient
way to pursue reorganization and is in the best interests of the
creditors and the estate, the U.S. Trustee contends.  The Debtor's
Property Manager, Great Value Storage LLC (a non-Debtor operating
affiliate that maintains, manages, and operates the Debtors'
self-storage and parking facilities) was placed into receivership
by a Texas state court on September 8, 2021.  On October 6, 2021, a
Texas court of appeals signed an order temporarily staying the
Receivership Order.  According to the U.S. Trustee, the basis for
appointing the receiver was the failure to produce financial
discovery to the same creditors involved in the Debtors' cases.  

The U.S. Trustee added that Natin Paul -- the principal shareholder
of GVS Portfolio I C, LLC, the Debtors' corporate parent, which is
also a debtor in these cases -- is under federal investigation.
Facing a myriad of additional lawsuits including the 25 bankruptcy
cases, Mr. Paul is distracted from acting as a fiduciary.  Also,
the Debtors have the historical and ongoing inability to comply
with administrative issues, such as failing to provide sufficient
proofs of insurance for three months and to set up appropriate DIP
bank accounts also for nearly three months.

For these reasons, the Court should enter an order appointing a
trustee or in the alternative enter an order converting these cases
to cases under Chapter 7, the U.S. Trustee said.

A copy of the motion is available for free at
https://bit.ly/3aQ0d3v from claims agent, Omni Agent Solutions.

The Court will consider the motion on November 3, 2021 at 1:30
p.m.

                       About GVS Texas

GVS Texas Holdings I, LLC and its affiliates are primarily engaged
in renting and leasing a wide array of properties functioning
principally as self-storage and parking facilities in 64 locations
in Texas, Colorado, Illinois, Indiana, Mississippi, Missouri,
Nevada, New York, Ohio, and Tennessee. Six of the properties are in
the Dallas-Fort Worth Metroplex, with an additional 28 located
elsewhere in the State of Texas.  The properties are managed by
Great Value Storage, LLC, that maintains and manages the
facilities.

GVS Texas Holdings I and several affiliates sought Chapter 11
protection (Bankr. N. D. Tex. Lead Case No. 21-31121) on June 17,
2021.  In its petition, GVS Texas Holdings I listed assets and
liabilities of $100 million to $500 million each.

The parent entity, GVS Portfolio I C, LLC, filed a voluntary
Chapter 11 petition June 23, 2021.

The petitions were signed by Robert D. Albergotti, authorized
party.

Great Value Storage, LLC, is a non-debtor operating affiliate.

Judge Michelle V. Larson oversees the case.

The Debtors tapped Thomas R. Califano, Esq., at Sidley Austin LLP,
as general bankruptcy counsel.




HANDL NEW YORK: Seeks to Hire Fleming & Associates as Accountant
----------------------------------------------------------------
HANDL New York, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Delaware to hire Fleming & Associates CPA, LLC
to provide tax services.

The firm will be paid at an hourly rate of $300 for its services
and a retainer fee of $1,800.

JoAnn Fleming, CPA, the firm's accountant who will be providing the
services, disclosed in a court filing that she is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     JoAnn Fleming, CPA
     Fleming & Assoc CPA LLC
     1 Greene St #215
     Jersey City, NJ 07302
     Tel: 212.233.3200

                     About HANDL New York LLC

HANDL New York, LLC is a New York-based supplier of cell phone
cases and attachable phone holders and stands.

HANDL New York filed a petition for Chapter 11 protection (Bankr.
D. Del. Case No. 21-10984) on June 30, 2021, listing up to $1
million in assets and up to $10 million in liabilities.  Allen
Hirsch, principal manager of HANDL New York, signed the petition.

Judge John T. Dorsey oversees the case.

Adam Hiller, Esq., at Hiller Law, LLC and JoAnn Fleming, CPA at
Fleming & Assoc CPA LLC are the Debtor's legal counsel and
accountant, respectively.


HAWAIIAN HOLDINGS: Early Tender Deadline Extended to Oct. 21
------------------------------------------------------------
Hawaiian Airlines, Inc., a wholly owned subsidiary of Hawaiian
Holdings, Inc., is further extending the Early Tender Deadline of
its previously announced (i) offers to purchase for cash any and
all of its 7.375% Series 2020-1A Pass Through Certificates due 2027
and 11.250% Series 2020-1B Pass Through Certificates due 2025 and
(ii) Consent Solicitations (as defined in the Offer to Purchase),
in each case set forth in the Company's Offer to Purchase and
Consent Solicitation Statement, dated Sept. 23, 2021.

The "Early Tender Deadline" applicable to the Tender Offers
previously scheduled for 5:00 p.m., New York City time, on Oct. 6,
2021, was previously extended to 5:00 p.m., New York City time, on
Oct. 14, 2021, and has been further extended to the Expiration Date
of 11:59 p.m., New York City time, on Oct. 21, 2021.

The deadline for withdrawal of tenders of Certificates was 5:00
p.m., New York City time, on Oct. 6, 2021 and remains unchanged.
Certificates that have been tendered or that may be tendered prior
to the applicable expiration date pursuant to the Offer to Purchase
therefore may not be withdrawn unless required by applicable law.
The "Expiration Date" applicable to the Tender Offers was 11:59
p.m., New York City time, on Oct. 21, 2021 and remains unchanged.
The Company will settle the Tender Offers on the Final Settlement
Date which is expected to occur on Oct. 25, 2021.

The other terms of the Tender Offers remain unchanged.  Holders of
Certificates should read carefully and in their entirety the Offer
to Purchase before deciding whether to tender.  No further action
is required to be taken by holders who have already tendered
Certificates.

The Tender Offers are not conditioned upon any minimum pool balance
of Certificates being tendered.  However, the Tender Offers and
Consent Solicitations are subject to, and conditioned upon, the
satisfaction or waiver of certain conditions described in the Offer
to Purchase.

Citigroup Global Markets Inc. is the Dealer Manager and
Solicitation Agent in the Tender Offers and Consent Solicitations.
Global Bondholder Services Corporation has been retained to serve
as the Tender and Information Agent for the Tender Offers and
Consent Solicitations.  Persons with questions regarding the Tender
Offers and Consent Solicitations should contact Citigroup at (800)
558-3745 (toll-free) or (212) 723-6106 (collect).  Requests for
copies of the Offer to Purchase and other related materials should
be directed to Global Bondholder Services Corporation at (banks or
brokers) (212) 430-3774 or (toll free) (866) 807-2200 or by email
to contact@gbsc-usa.com.

None of the Company, the Dealer Manager and Solicitation Agent, the
Tender and Information Agent, the Trustee (as defined in the Offer
to Purchase), the Subordination Agent (as defined in the Offer to
Purchase), nor any of their respective directors, officers,
employees or affiliates makes any recommendation as to whether
holders should tender their Certificates pursuant to the applicable
Tender Offer or consent pursuant to the Consent Solicitations, and
no one has been authorized by any of them to make such a
recommendation.  Holders must make their own decisions as to
whether to tender their Certificates and deliver related consents
to the Proposed Amendments (as defined in the Offer to Purchase),
and, if so, the pool balance of Certificates as to which action is
to be taken.

                      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.

Hawaiian Holdings reported a net loss of $510.93 million for the
year ended Dec. 31, 2020, compared to net income of $223.98 million
for the year ended Dec. 31, 2019.  As of June 30, 2021, the Company
had $5.22 billion in total assets, $1.44 billion in total current
liabilities, $1.89 billion in long-term debt, $1.28 billion in
total other liabilities and deferred credits, and $610.47 million
in total shareholders' equity.

                              *  *  *

As reported by the TCR on April 12, 2021, S&P Global Ratings
revised its ratings outlook to positive from negative and affirmed
its 'CCC+' issuer credit rating on Hawaiian Holdings Inc. (parent
of Hawaiian Airlines).  S&P said, "The positive outlook indicates
that we could raise our ratings on Hawaiian if we see sustained
improvements in traffic resulting in funds from operations (FFO) to
debt improving to at least the mid-single-digit-percent area in
2022 and further in 2023, with the company also continuing to
maintain adequate liquidity."


HERTZ GLOBAL: Plans Equity Offering With Bankruptcy in Rear View
----------------------------------------------------------------
Andrew Bary of Barron's reports that Hertz Global Holdings (ticker
HTZZ) filed for an equity offering in what the rental car company
has called its "Re-IPO" as the company seeks to raise its profile
with investors following its emergence from bankruptcy protection
on June 30, 2021.

In a sign of Hertz's financial strength, all the shares will be
sold by existing holders. Hertz said it plans to apply for a Nasdaq
listing under the ticker HTZ. Its shares have been trading lightly
on the Pink Sheets since the company came out of bankruptcy.

                         About Hertz Corp.

Hertz Corp. and its subsidiaries -- http://www.hertz.com/--
operate a worldwide vehicle rental business under the Hertz,
Dollar, and Thrifty brands, with car rental locations in North
America, Europe, Latin America, Africa, Asia, Australia, the
Caribbean, the Middle East, and New Zealand.  They also operate a
vehicle leasing and fleet management solutions business.

On May 22, 2020, The Hertz Corporation and certain of its U.S. and
Canadian subsidiaries and affiliates filed voluntary petitions for
reorganization under Chapter 11 in the U.S. Bankruptcy Court for
the District of Delaware (Bankr. D. Del. Case No. 20-11218).

Judge Mary F. Walrath oversees the cases.  

The Debtors tapped White & Case LLP as their bankruptcy counsel,
Richards, Layton & Finger, P.A., as local counsel, Moelis & Co. as
investment banker, and FTI Consulting as financial advisor.  The
Debtors also retained the services of Boston Consulting Group to
assist the Debtors in the development of their business plan.
Prime Clerk LLC ss the claims agent.

The U.S. Trustee for Regions 3 and 9 appointed a Committee to
represent unsecured creditors in Debtors' Chapter 11 cases.  The
Committee tapped Kramer Levin Naftalis & Frankel LLP as its
bankruptcy counsel, Benesch Friedlander Coplan & Aronoff LLP as
Delaware counsel, UBS Securities LLC as investment banker, and
Berkeley Research Group, LLC, as financial advisor.  Ernst & Young
LLP provided audit and tax services to the Committee.

                           *    *    *

Hertz Global Holdings, Inc. (OTCPK:HTZGQ) on June 10, 2021,
announced that the Bankruptcy Court confirmed its Plan of
Reorganization.  Hertz's Plan eliminates over $5 billion of debt,
including all of Hertz Europe's corporate debt, and will provide
more than $2.2 billion of global liquidity to the reorganized
company.  Hertz cut 14,400 jobs in 2020.

Hertz Global Holdings Inc. selected investment firms Knighthead
Capital Management LLC and Certares Management LLC as the winning
bidders for control of the car-rental company after a fierce
bidding drove up the expected payout for existing shareholders.
The winning offer provides for an estimated distribution of close
to $8 a share to the company's stockholders.

The Court's approval cleared the way for Hertz to emerge from
Chapter 11 by the end of June 2021.


HORIZON COMMUNITY: S&P Affirms 'BB+' Rating on 2016 Revenue Bonds
-----------------------------------------------------------------
S&P Global Ratings revised its outlook to stable from negative and
affirmed its 'BB+' rating on the Phoenix Industrial Development
Authority, Ariz.'s series 2016 education revenue bonds, issued for
Horizon Community Learning Center Inc.

"The outlook revision reflects the school's improved financial
performance and liquidity position for fiscal 2020 and 2021, and
expectations for balanced operations in fiscal 2022," said S&P
Global Ratings credit analyst Chase Ashworth. "Further supporting
the outlook revision is the school's stable enrollment levels,
despite challenges presented by the COVID-19 pandemic, modest
increases in state per-pupil funding, and additional flexibility
provided from federal stimulus funding and a $1.6 million Paycheck
Protection Program loan."

&P said, "We assessed Horizon's enterprise profile as strong,
characterized by healthy enrollment levels above 1,500 near
facility capacity levels and excellent retention, supported by
robust academics and a differentiated program focused on gifted
students, and a stable management team. We assessed Horizon's
financial profile as vulnerable, with a high debt burden,
historically slim but consistent and improving maximum annual debt
service (MADS) coverage, improving days' cash on hand, and a
negative unrestricted net asset (UNA) position, partially due to
losses associated with the 2005 bond refunding. We believe that,
combined, these credit factors lead to an indicative stand-alone
credit profile of 'bb+' and a final rating of 'BB+'."

The 'BB+' rating reflects S&P's view of the school's:

-- Highly leveraged balance sheet and negative UNA position;

-- Historically slim MADS coverage of around 1.1x in recent years,
albeit with slightly improved coverage for fiscal 2020 at 1.28x and
further improvement to near 2x expected for fiscal 2021;

-- Slight decline in enrollment and smaller waitlist for fall
2021, although stable enrollment historically; and

-- Risk, as with all charter schools, that the charter can be
revoked or not renewed for nonperformance of its terms, or for
financial distress prior to the final maturity of the bonds.

Partially offsetting these strengths, in S&P's view, are the
school's:

-- Long institutional tenure, having been in operation since
1996;

-- Improved days cash on hand at 118 days for fiscal 2020;

-- Favorable relationship with the authorizer, as demonstrated by
three charter renewals by the state board, with current charters
extending through 2029 and 2034; and

-- Healthy demand and above-average test scores despite
significant competition in the area.

The stable outlook reflects S&P Global Ratings' opinion that
Horizon's enrollment will remain relatively stable despite a small
dip in fall 2021, supporting steady financial performance and
lease-adjusted MADS coverage and liquidity levels in line with the
current rating.



HOVNANIAN ENTERPRISES: Egan-Jones Keeps CCC+ Sr. Unsecured Ratings
------------------------------------------------------------------
Egan-Jones Ratings Company, on September 21, 2021, maintained its
'CCC+' foreign currency and local currency senior unsecured ratings
on debt issued by Hovnanian Enterprises, Inc. EJR also maintained
its 'B' rating on commercial paper issued by the Company.

Headquartered in Matawan, New Jersey, Hovnanian Enterprises, Inc.
designs, constructs, and markets single-family homes, townhomes,
and condominiums in planned residential communities.



ICAN BENEFIT: Dec. 1 Plan Confirmation Hearing Set
--------------------------------------------------
iCan Benefit Group, LLC, filed with the U.S. Bankruptcy Court for
the Southern District of Florida a First Amended Disclosure
Statement in support of Plan of Reorganization.  On Oct. 12, 2021,
Judge Mindy A. Mora ordered that:

     * The TIG Objection is overruled as moot.

     * The First Amended Disclosure Statement is approved.

     * Dec. 1, 2021, at 10:00 a.m. at Flagler Waterview Building,
1515 North Flagler Drive, 8th Floor, Courtroom A, West Palm Beach,
Florida 33401 is the hearing to consider confirmation of the plan.

     * Nov. 10, 2021, is the last day for filing and serving fee
applications.

     * Nov. 17, 2021, is the last day for filing and serving
objections to confirmation of the plan.

     * Nov. 17, 2021, is the last day for filing a ballot accepting
or rejecting the plan.

A copy of the order dated Oct. 12, 2021, is available at
https://bit.ly/2Z5k3FI from PacerMonitor.com at no charge.

Attorneys for the Debtors in Possession:

     Jacqueline Calderin
     Agentis PLLC
     55 Alhambra Plaza, Suite 800
     Coral Gables, FL 33134
     Telephone: (305) 722-2002
     E-mail: jc@agentislaw.com.com

                    About iCan Benefit Group

iCan Benefit Group, LLC -- https://icanbenefit.com/ -- is a
licensed insurance agency offering a variety of benefit programs
and insurance products from a number of licensed insurance
companies.

iCan Benefit Group and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Lead Case No.
21-12567) on March 18, 2021.  Stephen M. Tucker, manager, signed
the petitions.  In its petition, iCan Benefit Group disclosed $10
million to $50 million in both assets and liabilities.

Judge Mindy A. Mora oversees the cases.

Agentis PLLC serves as the Debtors' legal counsel.


IMERYS TALC: Seeks to Save Bankruptcy Plan
------------------------------------------
Steven Church of Bloomberg News reports that a talc company that
allegedly supplied tainted material used in Johnson & Johnson baby
powder is trying to salvage its bankruptcy plan after a legal
ruling placed its asbestos victim settlement in jeopardy.

Imerys Talc America's settlement plan lacks the creditor votes to
meet the legal requirements for approval after a judge invalidated
more than 15,000 votes, according to two people with knowledge of
the bankruptcy case, who requested anonymity because they were not
authorized to speak publicly.  The proposal would pay tens of
thousands of asbestos victims and has been opposed by J&J and
insurance companies.

                   About Imerys Talc America

Imerys Talc America, Inc. and its subsidiaries --
https://www.imerys-performance-additives.com/ -- are in the
business of mining, processing, selling and distributing talc.  Its
talc operations include talc mines, plants and distribution
facilities located in Montana (Yellowstone, Sappington, and Three
Forks); Vermont (Argonaut and Ludlow); Texas (Houston); and
Ontario, Canada (Timmins, Penhorwood, and Foleyet).  It also
utilizes offices located in San Jose, Calif., and Roswell, Ga.

Imerys Talc America and its subsidiaries, Imerys Talc Vermont,
Inc., and Imerys Talc Canada Inc., sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 19-10289) on Feb. 13, 2019. The
Debtors were estimated to have $100 million to $500 million in
assets and $50 million to $100 million in liabilities as of the
bankruptcy filing.

Judge Laurie Selber Silverstein oversees the cases.

The Debtors tapped Richards, Layton & Finger, P.A., and Latham &
Watkins LLP as their legal counsel, Alvarez & Marsal North America,
LLC as financial advisor, and CohnReznick LLP as restructuring
advisor. Prime Clerk, LLC, is the claims agent.

The U.S. Trustee for Region 3 appointed an official committee of
tort claimants in the Debtors' Chapter 11 cases.  The tort
claimants' committee is represented by Robinson & Cole, LLP.


INFINERA CORP: Egan-Jones Keeps CC Senior Unsecured Ratings
-----------------------------------------------------------
Egan-Jones Ratings Company, on September 21, 2021, maintained its
'CC' foreign currency and local currency senior unsecured ratings
on debt issued by Infinera Corporation. EJR also maintained its 'C'
rating on commercial paper issued by the Company.

Headquartered in San Jose, California, Infinera Corporation
manufactures digital optical telecommunications equipment.



INNOVATION PHARMACEUTICALS: Board OKs Employment Agreement With CEO
-------------------------------------------------------------------
The Compensation Committee and Board of Directors of Innovation
Pharmaceuticals Inc. approved the following matters:

   * CEO Employment Agreement -- The Compensation Committee
approved, and the Board of Directors ratified, a new employment
agreement between Innovation and Leo Ehrlich, the company's chief
executive officer.  Mr. Ehrlich's previous employment agreement
expired in January 2015 and he has served without an employment
agreement since such time.  The employment agreement continues Mr.
Ehrlich's current base salary of $475,000 per year and provides for
(i) performance share awards under the company's 2016 Equity
Incentive Plan, as amended with a maximum value of up to $35.0
million, contingent upon the achievement of certain market
capitalization, licensing revenue and clinical trial performance
goals, and (ii) cash awards with a maximum value of up to $14.0
million, contingent upon the achievement of certain market
capitalization and licensing revenue goals.

   * Amendments to the 2016 Equity Incentive Plan -- The
Compensation Committee approved, and the Board of Directors
ratified, amendments to the equity incentive plan to increase the
number of shares of common stock available for issuance thereunder
to 225 million shares, among other amendments.

   * Annual Stock Option Awards -- The Compensation Committee
approved stock option awards under the equity incentive plan
relating to one million shares of common stock to each independent
director and 500,000 shares of common stock to each of the
non-independent director and Innovation's Senior Vice President,
Clinical Sciences and Portfolio Management.

                 About Innovation Pharmaceuticals

Innovation Pharmaceuticals Inc. (IPIX) -- http://www.IPharmInc.com
-- is a clinical stage biopharmaceutical company developing a
portfolio of innovative therapies addressing multiple areas of
unmet medical need, including inflammatory diseases, cancer,
infectious disease, and dermatologic diseases.

Innovation reported a net loss of $13.87 million for the year ended
June 30, 2021, compared to a net loss of $6.65 million for the year
ended June 30, 2020.  As of June 30, 2021, the Company had $14.30
million in total assets, $6.79 million in total liabilities, and
$7.51 million in total stockholders' equity.


INTERTAPE POLYMER: Egan-Jones Keeps BB Senior Unsecured Ratings
---------------------------------------------------------------
Egan-Jones Ratings Company, on September 24, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by Intertape Polymer Group.

Headquartered in Montreal, Canada, Intertape Polymer Group
manufactures polyolefin, plastic and paper-based packaging
products.



IRB HOLDING: Moody's Affirms B2 CFR on Dunkin' Brands' Debt Raise
-----------------------------------------------------------------
Moody's Investors Service affirmed IRB Holding Corporation's B2
corporate family rating and B2-PD probability of default rating.
Moody's also affirmed IRB's B2 senior secured bank ratings, B2
senior secured notes rating and Caa1 senior unsecured notes rating.
The ratings outlook is stable.

Inspire Brands, Inc. ("Inspire") (parent holding company of IRB) is
increasing its securitized debt at Dunkin' Brands Group Inc.
("Dunkin'") by about $1.18 billion and using the proceeds along
with around $350 million of cash to fund a $1.5 billion return to
shareholders.

"The affirmation reflects IRB's strong business profile including
its significant scale, geographic and brand diversity, and well
recognized brand names along with its solid operating performance
and sizable cash flows which we believe provides it with the
ability to support higher leverage than is typical for its B2
corporate family rating," stated Bill Fahy, Moody's Senior Credit
Officer.

Issuer: IRB Holding Corporation

Outlook, Remains Stable

Affirmations:

Issuer: IRB Holding Corporation

Corporate Family Rating, Affirmed B2

Probability of Default Rating, Affirmed B2-PD

Senior Secured Bank Credit Facility, Affirmed B2 (LGD3)

Senior Secured Regular Bond/Debenture, Affirmed B2 (LGD3)

Senior Unsecured Regular Bond/Debenture, Affirmed Caa1 (LGD6)

RATINGS RATIONALE

IRB's B2 CFR reflects the benefits of its market position as one of
the largest restaurant operators in the US based on number of
restaurants with material scale, multiple brands and an off-premise
franchised focused business model that will enable it to operate
through drive-throughs, delivery and curbside pick-up. The B2 CFR
is also supported by IRB's portfolio of well-recognized national
brands. However, IRB is constrained by its very high leverage, the
challenges of successfully completing the integration of Dunkin'
and the continued challenges of staffing, supply chain and product
inflation. Governance is also a key credit risk particularly IRB's
financial strategies under private equity ownership. Moody's views
IRB's proposed $1.5 billion dividend to shareholders within less
than a year of closing on the Dunkin' acquisition as a very
aggressive financial strategy especially in light of the initial
very high leverage following the acquisition. Pro forma for the
dividend Moody's expect IRB's debt/EBITDA to be around 9.0 times at
December 31, 2021.

The stable outlook reflects Moody's expectation that IRB will
successfully complete the integration of Dunkin' and achieve the
targeted levels of operating improvements and costs synergies. The
outlook also expects that IRB significantly reduce leverage prior
to undergoing any additional debt financed acquisitions or
shareholder returns while maintaining very good liquidity.

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

The ratings could be downgraded in the event the integration of
Dunkin' takes materially longer than expected or operating
performance stalls to where debt to EBITDA remains above 6.75 times
or if EBIT to interest falls below 1.5 times or free cash flow to
debt declines below 4% on a sustained basis. The ratings could also
be downgraded if IRB entered into a new acquisition or debt
financed distribution to shareholders prior to credit metrics
improving to these levels. A deterioration in liquidity or the
inability to generate positive free cash flow could also result in
a downgrade.

Given the adoption of a more aggressive financial policy a higher
rating over the intermediate term is unlikely. However, the ratings
could be upgraded with a successful integration of Dunkin' and
sustained organic improvement in operating performance and a more
moderate financial policy that resulted in a sustained
strengthening of credit metrics with debt to EBITDA approaching
5.25 times and EBIT to interest of over 2.0 times. A higher rating
would also require very good liquidity.

The B2 rating on the bank facilities reflect the material amount of
securitized debt that is contractually senior to these facilities
with regards to the assets and operations at Dunkin', Arby's, Sonic
and Jimmy John's. The bank facilities do benefit from the material
amount of liabilities that are junior to these facilities,
including $485 million of senior unsecured notes and other
liabilities. The Caa1 rating on the senior unsecured notes reflect
the notes junior position to the significant amount of secured bank
debt and securitized debt

IRB is the parent holding company of Arby's, Buffalo Wild Wings,
Sonic, Jimmy John's, Dunkin' and Baskin-Robbin's. Annual revenues
(excluding advertising revenues) are approximately $5.85 billion,
while systemwide sales are around $28.8 billion and restaurant
locations are about 31,800.

The principal methodology used in these ratings was Restaurants
published in August 2021.


IRON MOUNTAIN: Egan-Jones Cuts Senior Unsecured Ratings to BB
-------------------------------------------------------------
Egan-Jones Ratings Company, on September 22, 2021, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Iron Mountain Incorporated to BB from B+.

Headquartered in Boston, Massachusetts, Iron Mountain Incorporated
is a storage and information management company.



IXS HOLDINGS: S&P Downgrades ICR to 'B-', Outlook Negative
----------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating (ICR) on IXS
Holdings Inc. to 'B-' from 'B'.

S&P said, "At the same time, we lowered our issue-level rating on
the company's senior secured term loan B to 'B-' from 'B'. The '3'
recovery rating is unchanged and indicates our expectation for
meaningful (50%-70%; rounded estimate: 50%) recovery in the event
of a default."

The negative outlook reflects a one-in-three risk of a downgrade
over the next 12 months if negative free operating cash flow (FOCF)
were sustained due to the ongoing impact of semiconductor chip
availability delaying automotive OEM production schedules or if IXS
were unable to pass through the rising commodity chemical and
freight costs.

The downgrade and negative outlook reflect higher than previously
anticipated leverage, peaking above 6.5x in fiscal 2021, and
projected negative FOCF over the next 12 months. This elevated
leverage stems from weaker coating volumes in the core automotive
OEM channel and rising commodity chemical input costs affected by
weather events, including the Texas winter deep freeze in February
2021 and Hurricane Ida during late August 2021. IXS has only
partially passed these inflationary costs through to customers. S&P
said, "We still expect that production volumes will recover and
that OEMs will prioritize high-margin trucks. However, the timing
on the return to normal volumes is now less clear, and we believe
that volumes could remain lower through the middle of 2022 as we
await more clarity on further supplies of semiconductors chips. In
our view, the volatility in production at the OEMs is hurting IXS'
ability to operate efficiently, which is hurting gross margins and
its ability to offset higher chemical costs with efficiency gains.
In this situation, the company will be forced to pass on the
increased costs to the OEMs, which could prove challenging."

In addition to these operational challenges, S&P is now forecasting
higher working capital requirements and capital spending over the
next 12 months, which is reducing its projected free cash flow.
Given challenges in securing sufficient quantities of chemical
inputs, the company has had to source the chemicals from a wider
variety of suppliers, which is increasing working capital needs.
While ongoing projects to address these supply shortfalls should
improve margins longer term, it will increase the capital spending
needs in its fiscal 2022 and reduce free cash flow.

The company has adequate liquidity supported by sources exceeding
uses by more than 1.5x in the next 12 months, with liquidity
projected to remain positive even if EBITDA decreases 30%. IXS
maintains sufficient availability under the asset-based lending
(ABL) revolving credit facility, manageable fixed cash outlays, and
only a single springing fixed-charge coverage ratio (FCCR) of 1x
that S&P does not expect to be tested in the next 12 months.

The negative outlook reflects the increased risk that cash flow
will remain negative for a number of months, hurting liquidity.
This could occur due to ongoing chip shortages affecting pickup
truck production volumes, shipping container delays affecting
commodity chemical supply, or a failure to pass through higher
material and freight costs onto the OEM customers.

S&P said, "We could lower our rating on IXS if volumes and margins
remained at suppressed levels, causing negative FOCF for an
extended period, weakening liquidity. We could also contemplate a
downgrade if debt to EBITDA remained above 6.5x, a level we view as
unsustainably high for an OEM supplier.

"We could revise our outlook to stable if we expected IXS to
generate and sustain positive FOCF. This could occur if sales
volumes and margins returned to historical levels, dependent on the
chip shortage abating and raw materials becoming readily available,
combined with the company's ability to absorb higher chemicals
costs."



JOHNSON & JOHNSON: "Can Run, But Can't Hide", Says Beasley Allen
----------------------------------------------------------------
The following is a statement for attribution from Andy Birchfield,
Mass Torts Section Head, of The Beasley Allen Law Firm:

"This stinks.  They claim their product is safe and then attempt to
hide behind bankruptcy.  Johnson & Johnson can run but it can't
hide.  The entire nation, Congress and more than 30,000 victims of
J&J's dangerous talc product say "no" to this flagrant and
fraudulent abuse of the bankruptcy system.  Right behind the
Sacklers, the Boy Scouts and USA Gymnastics, here's another example
of the wealthy and powerful using bankruptcy as a hiding place to
protect their profits and avoid responsibility."

                       About LTL Management

LTL Management LLC is a newly formed subsidiary of Johnson &
Johnson.  LTL was formed to manage and defend thousands of
talc-related claims and to oversee the operations of its
subsidiary, Royalty A&M.  Royalty A&M owns a portfolio of royalty
revenue streams, including royalty revenue streams based on
third-party sales of LACTAID, MYLANTA /MYLICON and ROGAINE
products.

LTL Management LLC filed a Chapter 11 petition (Bankr. W.D.N.C.
Case No. 21-30589) on Oct. 14, 2021.  The Hon. J. Craig Whitley is
the case judge.

The Debtor tapped JONES DAY as counsel, RAYBURN COOPER & DURHAM,
P.A., as co-counsel; BATES WHITE, LLC, as financial consultant; and
ALIXPARTNERS, LLP, as restructuring advisor.  KING & SPALDING LLP
and SHOOK, HARDY & BACON L.L.P., serve as special counsel, and
McCARTER & ENGLISH, LLP is the litigation consultant.  EPIQ
CORPORATE RESTRUCTURING, LLC, is the claims agent.

The Debtor was estimated to have $1 billion to $10 billion in
assets and liabilities as of the bankruptcy filing.

                      About Johnson & Johnson

Johnson & Johnson (J&J) is an American multinational corporation
founded in 1886 that develops medical devices, pharmaceuticals,
and
consumer packaged goods.  J&J is the world's largest and most
broadly based healthcare company.

Johnson & Johnson is headquartered in New Brunswick, New Jersey,
the consumer division being located in Skillman, New Jersey.  The
corporation includes some 250 subsidiary companies with operations
in 60 countries and products sold in over 175 countries.

Johnson & Johnson had worldwide sales of $82.6 billion during
calendar year 2020.


JWB DESIGN: Unsecured Creditors to Get Share of Income for 5 Years
------------------------------------------------------------------
JWB Design Build Construction Services, LLC, filed with the U.S.
Bankruptcy Court for the Middle District of Florida a Plan of
Reorganization for Small Business dated October 12, 2021.

The Debtor is a Florida Limited Liability Company with its
principal place of business in Pinellas County, Florida.  The
Debtor is a construction company that operates as a general
contractor for commercial and residential building projects.  The
Debtor's principal place of business and assets are located at 303
62nd Ave North, St. Petersburg, FL.

This case was filed on an emergency basis prior to a hearing on
Plaintiff's Motion for Summary Judgment with regard to a disputed
lawsuit by Chestnut Land Trust Services, LLC filed in Pinellas
County, State of Florida with the designated case number
19-002266-CI. Chestnut is seeking damages related to alleged latent
defects on a residential home that began construction in October
2015, completed in early 2016 and sold twice prior to the lawsuit
being initiated in April 2019.

Additionally, Debtor was served with process on another lawsuit
filed in Pinellas County, State of Florida by Plaintiffs Leo
Calzadilla and Purple Haze of Seminole, LLC with the designated
case number 20-005377-CI. The lawsuit alleges breach of contract
relating to a commercial space buildout project. Debtor maintains
that the project at issue was completed several years ago, and
therefore, should have no liability. The contract at issue was
dated December 17, 2014 but indicates a signature date of March 16,
2015.

The Debtor felt that bankruptcy relief was needed in order to
provide the best opportunity to reorganize and repay creditors.

The Plan Proponent's financial projections show that the Debtor
will have projected disposable income of $93,000. The final Plan
payment is expected to be paid on December 1, 2026.

The total net income after expenses for twelve months following
confirmation are projected to be $8,460 to $26,400 by the end of
the 5th year of the Plan.  Naturally, as revenue rises due to
increased job costs, supplies, taxes and processing fees will rise
concomitantly. Thus, the projections consider increases in variable
costs along with fixed costs.  Additionally, the projections take
into consideration an inflation rate of 4% per year.

Non-priority unsecured creditors holding allowed claims will
receive distributions, which the proponent of this Plan has valued
at approximately 20 cents on the dollar. This Plan also provides
for the payment of administrative and priority claims.

Class 2 consists of the Secured claim of Republic Bank & Trust
Company. Republic Bank filed a claim (the "Republic Bank Claim") in
the amount of $132,916.92 (the "JWB Loan"). As of October 1, 2021,
the amount due and owing to Republic Bank by Debtor under the JWB
Loan is $125,712.77 (the "JWB Loan Amount"). Debtor shall pay the
JWB Loan Amount in full through this Plan at the non-default rate
of 5%, as detailed in the Republic Bank Claim, in monthly
installments of $1,735.64 (the "Monthly Payments") on the 25th of
each month beginning on October 25, 2021, and on the 25th of each
subsequent month until April 1, 2022 (the "Maturity Date") on which
date the JWB Loan will mature and become fully due and payable.

Class 3 consists of Non-priority unsecured creditors. Unsecured
claims will be paid a pro rata percentage on their allowed claims
from 75 percent of the Debtor's projected disposable Income
remaining after payment to senior classes on a monthly basis,
commencing on the Effective Date of the Plan. Payments to unsecured
creditors will fluctuate based upon actual disposable income.

Class 4 consists of Equity security holders of the Debtor. John
Barger owns 100% of the Debtor's outstanding shares and will retain
his ownership interests in the Debtor.

Post Confirmation all plan payments will be funded by the Debtor's
cash flow. The Debtor will continue to be owned and operated by its
owner John W. Barger.

A full-text copy of the Plan of Reorganization dated October 12,
2021, is available at https://bit.ly/3G3aW9s from PacerMonitor.com
at no charge.

Attorney for the Debtor:

     Jake C. Blanchard, Esq.
     Blanchard Law, P.A.
     1501 Belcher Road South Unit 6B
     Largo, FL 33771
     Tel: (727) 531-7068
     Fax: (727) 535-2086
     Email: jake@jakeblanchardlaw.com

            About JWB Design Build Construction Services

JWB Design Build Construction Services, LLC, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
21-01349) on March 23, 2021, listing under $1 million in both
assets and liabilities.  Blanchard Law, P.A. serves as the Debtor's
legal counsel.


KIRBY CORP: Egan-Jones Keeps BB Senior Unsecured Ratings
--------------------------------------------------------
Egan-Jones Ratings Company, on September 27, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by Kirby Corporation.

Headquartered in Houston, Texas, Kirby Corporation operates a fleet
of inland tank barges.



KOSMOS ENERGY: Fitch Puts 'B' LongTerm IDR on Watch Positive
------------------------------------------------------------
Fitch Ratings has placed Kosmos Energy Ltd.'s Long-Term Issuer
Default Rating (IDR) of 'B' on Rating Watch Positive (RWP) and
assigned its upcoming issue of USD400 million notes an expected
senior unsecured rating of 'B(EXP)' and placed it on RWP. The
Recovery Rating is 'RR4'. Fitch has also upgraded the company's
existing senior unsecured notes to 'B'/'RR4' from 'B-'/'RR5' and
placed the senior unsecured rating on RWP.

The RWP follows the announced acquisition of additional interests
in Kosmos's existing assets in Ghana from Occidental Petroleum.
Fitch views the transaction as significantly credit-enhancing, due
to its low-risk, immediate contribution to cash flows and
production, as well as given the significant amount of equity being
used to fund the acquisition. Following the transaction, Fitch
expects Kosmos to be able to internally fund committed capex
related to its Tortue LNG project, and to deleverage below 3.0x by
2023.

Resolution of the RWP is contingent on the successful finalisation
of all outstanding aspects of the transaction, including the
contemplated bond issuance and expiration of the pre-emption
period, at which point Fitch may upgrade the IDR and senior
unsecured ratings by one notch.

Kosmos's new senior unsecured notes will benefit from a senior
guarantee from the acquired assets, which are not encumbered by any
secured debt. The added cash flow coverage from these assets has
led us to upgrade Kosmos's existing senior unsecured notes and
change their Recovery Rating to 'RR4' from 'RR5'.

The assignment of the final rating is contingent on the receipt of
final documentation with terms and conditions conforming to
documentation already received.

KEY RATING DRIVERS

Ghanaian Assets Acquisition Credit-Positive: The acquisition of
additional stakes in the Ghanaian assets for approximately USD550
million (USD460 million net of purchase-price adjustments) provides
Kosmos with an immediate stream of cash flows, contributing around
17 kboepd of incremental pro-forma net volumes from assets adjacent
to its existing Ghana acreage. The assets' cash flow contribution,
alongside USD125 million of equity financing used for the
acquisition, will support deleveraging in 2022 and beyond.

Pre-Emption Rights Neutral: Currently, Occidental Petroleum's
partners in the Ghanaian assets have pre-emption rights on a
portion of the acquired assets, whereby they may elect to
pre-emptively purchase certain portions of the assets under the
same conditions as agreed by Kosmos within 30 days of the
transaction announcement. While the exercise of these rights by one
or more partners is not Fitch's base case, Fitch does not expect
this to have a meaningful rating impact, as the resultant somewhat
smaller run-rate production and reserve profile would be offset by
a lower ultimate acquisition price.

Progress on Funding Transactions: Kosmos has successfully executed
the sale and leaseback of its Mauritania & Senegal floating
production storage and offloading (FPSO) asset, which is expected
to yield total cash preservation of over USD300 million through
2023. In addition, it has made substantial progress on additional
funding transactions that have been largely de-risked following a
recovery in hydrocarbon pricing during 2021. Fitch now expects
Kosmos to self-fund its remaining capex in the Tortue LNG.

Improved Liquidity: Kosmos successfully extended the maturity of
its reserve-based loan (RBL) in May 2021, leaving no material debt
maturities until 2024. The recovery in hydrocarbon pricing,
combined with management of its cost base, has also alleviated
pressure on covenant compliance, which Fitch previously identified
as a potential liquidity constraint. These factors, alongside
committed liquidity of around USD785 million, provide for a
comfortable liquidity position that is commensurate with the
rating.

Deleveraging Accelerated: Fitch expects Kosmos to reduce its funds
from operations (FFO) net leverage to below 3.0x by 2023 under
Fitch's rating-case assumptions. The improved leverage expectations
are predicated on immediate cash flow accretion from the newly
acquired stakes in the Ghanaian assets, alongside successful
execution of the FPSO sale and leaseback transaction and other
liquidity-enhancing transactions, to fund near-term cash burn as
Mauritania & Senegal capex peaks in 2021 and 2022.

DERIVATION SUMMARY

Fitch rates Kosmos in line with Ithaca Energy Ltd (B/Stable). The
latter benefits from lower capital intensity, lower net leverage of
comfortably below 2x, and stronger cash flow generation resulting
from more robust hedging. However, these strengths are offset by
Kosmos's significantly higher proved reserve life of more than
seven years (five years for Ithaca), higher production volumes
(pro-forma Ghanaian asset acquisition), lower production costs as
well as a more liquids-focused production mix, leading to higher
long-term margins.

Compared with Seplat Petroleum Development Company Plc
(B-/Positive), Kosmos has a smaller reserve base, lower reserve
life of 24 years on a 2P basis (Seplat: 30 years on a 2P basis),
and higher leverage, which is offset by a more diversified asset
base versus Seplat's high exposure to areas characterised by
geopolitical risk.

KEY ASSUMPTIONS

-- Brent crude price of USD63/bbl in 2021, USD55/bbl in 2022 and
    USD53/bbl thereafter;

-- Henry Hub price of USD3.4/mcf in 2021, USD2.75/mcf in 2022,
    and USD2.45/mcf thereafter;

-- Total net production of around 57kboepd in 2021, increasing to
    more than 95kboepd in 2024 from the ramp-up of production from
    the Ghanaian assets and production commencement in
    Mauritania/Senegal;

-- Tortue Ahmeyim project funded by the sale and leaseback of the
    FPSO unit, National Oil Company financing and additional debt;

-- Capex as guided by the company; and

-- No dividend payments until 2023.

Fitch's Key Assumptions for Recovery Analysis:

-- Fitch's recovery analysis assumes that Kosmos would be
    reorganized as a going-concern in bankruptcy rather than
    liquidated.

-- The going-concern EBITDA estimate reflects Fitch's view of a
    sustainable, post-reorganisation EBITDA level upon which Fitch
    bases the enterprise valuation (EV).

-- Kosmos's going-concern EBITDA reflects Fitch's view on EBITDA
    generation from the company's Gulf of Mexico (GoM) assets and
    Ghanaian assets, assuming a sustained period of USD30/bbl
    Brent prices. This is followed by one year of moderate
    recovery, yielding a going-concern EBITDA of USD225 million.
    Fitch focuses its analysis on EBITDA attributable to the GoM
    assets and Ghanaian assets as the subsidiaries owning these
    assets guarantee the senior unsecured notes. Fitch increased
    its going-concern EBITDA to account for the increased cash
    flow generation from the Ghanaian assets.

-- A 4.5x multiple is used to calculate a post-reorganisation EV,
    reflecting Kosmos's relatively small size relative to peers',
    average asset quality, and good growth prospects.

-- The proposed and existing senior unsecured notes rank pari
    passu with Kosmos's USD400 million revolver, but are
    subordinated to the company's USD200 million GoM term loan
    that is secured against the GoM assets. The notes are also
    subordinated to the company's USD1.24 billion RBL with respect
    to the legacy Ghanaian and Equatorial Guinea assets. The
    proposed and existing notes and revolver benefit from joint
    and several senior unsecured guarantees from restricted
    subsidiaries owning the assets in the GoM and the newly
    acquired Ghanaian assets. They are guaranteed on a
    subordinated unsecured basis by the restricted subsidiaries
    that guarantee the RBL.

-- After deducting 10% for administrative claims, Fitch's
    waterfall analysis generated a a waterfall generated recovery
    computation (WGRC) in the 'RR4' band, indicating a 'B' rating
    for existing bonds and an expected 'B(EXP)' rating for
    proposed bonds. The WGRC output percentage on current metrics
    and assumptions was 37%.

RATING SENSITIVITIES

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

-- Successful completion of the acquisition of the Ghanaian
    assets;

-- FFO net leverage trending towards 3.0x.

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

-- The ratings are on RWP, therefore, a negative rating action is
    unlikely at least in the short term. However, failure to
    successfully finalise the transaction related to the Ghanaian
    assets or integrate these assets would lead to removal of RWP
    and Outlook stabilization;

-- Failure to maintain FFO net leverage at below 4.0x on a
    sustained basis would be rating-negative;

-- Excluding the increased stakes in the Ghanaian assets, a
    lowering of the RBL's borrowing base that cannot be covered by
    internal liquidity sources.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Non-Financial Corporate
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.

LIQUIDITY AND DEBT STRUCTURE

Improved Liquidity: At end-June 2021, Kosmos had around USD150
million of cash as well as USD635 million available under its
USD400 million revolving credit facility, which matures in May 2022
and a USD1.24 billion RBL that matures in March 2027.

At end-June 2021, indebtedness stood at around USD2.3 billion,
including USD1 billion drawn under the RBL (after the fall
re-determination, the borrowing base was in excess of USD1.25
billion), which starts amortising in March 2024; USD1,100 million
of senior notes due in April 2026; and USD200 million of the GoM
term loan due in 2025 (starts amortising in 4Q21).

The new USD400 million senior unsecured notes will be used to
facilitate part of the USD550 million Ghanaian asset acquisition.
In addition to the equity financing, which has already been priced,
the company has a bridge facility in place for the acquisition.

ISSUER PROFILE

Kosmos is a full-cycle deep-water independent oil and gas
exploration and production company. Its production assets include
producing fields (primarily oil) offshore in Ghana, Equatorial
Guinea and in the deep-water US GoM. Its development projects
include the Greater Tortue gas field (26.7% interest) offshore in
Mauritania and Senegal.

ESG CONSIDERATIONS

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.


KOSMOS ENERGY: Moody's Alters Outlook on B2 CFR to Positive
-----------------------------------------------------------
Moody's Investors Service changed Kosmos Energy Ltd.'s rating
outlook to positive from stable while concurrently upgrading the
company's senior unsecured notes to B3 from Caa1. Moody's also
affirmed the company's B2 Corporate Family Rating and B2-PD
Probability of Default Rating.

These actions follow Kosmos Energy's announcement[1] that it has
acquired most of Occidental Petroleum Corporation's (Occidental,
Ba2 negative) non-operating interests in the offshore Jubilee and
TEN fields in West Africa for a gross purchase price of $550
million. The transaction was effective as of April 1, 2021, closed
on October 13, 2021, and the company made a net cash payment of
$460 million at closing.

"The positive outlook reflects the company's enhanced scale, free
cash flow generation capability and growth runway stemming from the
acquisition," said Sajjad Alam, Moody's Vice President. "The
unsecured notes were upgraded to reflect increased asset coverage
through the acquired assets."

Upgrades:

Issuer: Kosmos Energy Ltd.

Senior Unsecured Notes, Upgraded to B3 (LGD5) from Caa1 (LGD5)

Affirmations:

Issuer: Kosmos Energy Ltd.

Probability of Default Rating, Affirmed B2-PD

Corporate Family Rating, Affirmed B2

Outlook Actions:

Issuer: Kosmos Energy Ltd.

Outlook, Changed To Positive From Stable

RATINGS RATIONALE

The acquisition is accretive across all metrics, and positions
Kosmos Energy on an accelerated path to deleveraging while
materially increasing its exposure to low-risk and high-margin
drilling inventory. These world-class assets have low costs and low
decline rates that will reduce capital intensity and improve cash
flow durability. The acquired interest will add roughly 17 thousand
barrels of oil equivalent per day (Mboe/d) of production and
approximately $325 million of incremental EBITDA in 2022 at a
$65/bbl Brent price.

Kosmos Energy's overall interest in the Jubilee and TEN fields will
increase to 42.1% and 28.1%, respectively. The transaction is
subject to a 30-day pre-emption period, which, if fully exercised,
could reduce Kosmos' ultimate interest in Jubilee by 3.8% to 38.3%,
and in TEN by 8.3% to 19.8%, which are immaterial.

Kosmos Energy's B2 CFR reflects its high but improving financial
leverage, substantial ongoing capital spending requirements
involving the large Tortue LNG project, significant debt
amortization obligations starting in 2024, and somewhat complex
corporate and capital structure. The rating also considers the
company's non-operating interest in several key assets, deepwater
focus and the attendant physical and operational risks, and
majority production in offshore West Africa. The CFR is supported
by Kosmos Energy's high-quality and oil-focused producing assets
that have low break-even costs and relatively low base decline
rates, geographic diversification across several West African
countries and the US Gulf of Mexico, a solid track record of
organic and acquisition-driven growth and a visible pipeline of
low-risk development projects. Moody's expects financial leverage
to decline and free cash flow to increase materially through 2023
as the company benefits from increased volumes, higher average oil
prices and the completion of Tortue Phase-1.

The senior notes are rated B3 given their unsecured claim to the
company's assets, including their subordinated position to the
secured term loan facility and the secured RBL facility. However,
the newly acquired Occidental interest will be held unencumbered
within a special purpose entity providing enhanced support to
Kosmos Energy's senior unsecured notes. The acquired interest will
not guarantee any of the company's subsidiary level secured debt.

Kosmos Energy should have adequate liquidity through 2022
benefitting from high oil prices, incremental cash flow from the
acquired assets and hedge protection for a significant portion of
its 2022 sales volume. The company should be able to cover capital
expenditures for its base business as well as the remaining
spending for the Tortue Phase-1 project with operating cash flow,
FPSO sale-leaseback proceeds that it received in the third quarter
and committed financing. As of June 30, 2021, the company had $150
million of unrestricted cash and $635 million in combined borrowing
capacity under its corporate revolver and RBL facility. The company
used a $400 million committed bridge facility and other available
liquidity to fund the Occidental acquisition and plans to repay the
bridge promptly with proceeds from a $100 million equity offering
that it launched concurrently and a senior notes offering in the
near future.

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

The CFR could be upgraded if the company can reduce debt, sustain
the debt/average daily production below $30,000/boe and the
RCF/debt ratio above 25% while maintaining good liquidity. The CFR
could be downgraded if the company produces significant negative
free cash flow, the RCF/debt ratio declines towards 15%, capital
expenditures rise sharply or liquidity becomes weak.

Kosmos Energy Ltd. is a Dallas, Texas based publicly traded
exploration and production company with assets in offshore West
Africa and the US Gulf of Mexico.

The principal methodology used in these ratings was Independent
Exploration and Production published in August 2021.


KOSMOS ENERGY: S&P Alters Outlook to Positive, Affirms 'B' ICR
--------------------------------------------------------------
S&P Global Ratings revised its outlook on U.S.-based oil and gas
exploration and production (E&P) company Kosmos Energy Ltd. to
positive from negative and affirmed its 'B' issuer credit rating.
S&P also affirmed its 'B+' issue-level rating on the company's
unsecured notes.

The positive outlook reflects the increased likelihood that we will
upgrade Kosmos if it improves its liquidity to support its capital
program, including phase 1 of the Tortue project.

Kosmos Energy is acquiring Occidental Petroleum Corp.'s offshore
Ghana assets for a purchase price of $550 million, which will
nearly double Kosmos' working interest in the Jubilee and TEN to
approximately 42% and 28%, respectively.

The acquisition of Occidental's assets will increase the scale of
Kosmos' operations in Ghana and improve its free cash flow
profile.

The acquisition will provide the company with approximately 17,000
barrels a day of production in highly developed assets, located in
an area where management has extensive experience, while
simplifying the ownership structure of these assets. Kosmos will
fund the acquisition through a priced $124 million equity offering,
as well as with a $400 million bridge loan that it expects to
refinance with the proceeds from a bond offering. While S&P
believes the likelihood is low, the deal comes with 30-day
pre-emption rights for both the operator Tullow Oil and PetroSA.
Should they choose to exercise their purchase rights, Kosmos'
ultimate interest in Jubilee could be reduced by 3.8% and in TEN by
8.3%.

Improved cash flows under S&P Global Ratings' revised commodity
price assumptions result in stronger credit measures than S&P
previously expected.

S&P said, "We recently raised our price assumptions for Brent oil
to $75 per barrel (bbl) for the remainder of 2021 and $65/bbl in
2022, which is up from $65/bbl and $55/bbl, respectively. In
addition, we raised our price assumptions for Henry Hub natural gas
to $4.50 per million Btus (mmBtu) for the remainder of 2021,
$3.50/mmBtu in 2022, and $3.00/mmBtu in 2023, which is up from
$3.50/mmBtu, $3.00/mmBtu, and $2.50/mmBtu, respectively. Therefore,
we expect Kosmos' cash flows to improve materially over the next
12-24 months, which we anticipate it will be used to fund phase 1
of its Tortue project. We expect the company's funds from
operations (FFO) to debt to average in the 30% area in 2021 and
2022, which--although improved--is in the low end of our range
relative to those of its peers we rate 'B+'. As a result of this
and the company's tight liquidity, we apply a negative one-notch
comparable rating analysis adjustment to our anchor on Kosmos."

The company's liquidity remains tight.

Kosmos currently has $1.0 billion of outstanding borrowings on its
$1.24 billion reserve-based lending (RBL) facility, which begins to
materially amortize in 2024, while its $400 million revolving
credit facility (RCF) facility (undrawn) matures in May 2022. With
most banks continuing to reevaluate their energy exposures--and the
potential for some pushback on the timeline for phase 1 of its
Tortue project—S&P would prefer to see more cushion before
raising the ICR. That said, Kosmos will likely renew its RCF
facility and S&P believes it could execute an NOC loan in the near
term, which--along with its improved cash flow--would improve its
liquidity profile.

S&P said, "The positive outlook on Kosmos Energy reflects our view
that its underlying cash flows and credit ratios will strengthen
supported by our improved commodity price outlook. Although the
sale-leaseback of its FPSO will provide it with some cash inflows,
an upgrade would require further strengthening of the company's
liquidity position.

"We could raise our rating on Kosmos if it improves its liquidity
profile such that we believe it would be able to comfortably meet
any unexpected cost overruns related to phase 1 of its Tortue
project or potential changes in its RBL commitment levels. This
would most likely occur if the company successfully renews its RCF
facility, secures the NOC loan, or generates a higher-than-expected
level of free cash flow over the next 12 months.

"We could revise our outlook on Kosmos to stable if it generates
less free cash flow than we currently project or its liquidity
remains tight for a sustained period."



LAMB WESTON: Moody's Cuts CFR to Ba2 & Sr. Unsecured Notes to Ba3
-----------------------------------------------------------------
Moody's Investors Service downgraded Lamb Weston Holdings, Inc.'s
Corporate Family Rating to Ba2 from Ba1 and Probability of Default
Rating to Ba2-PD from Ba1-PD. In addition, Moody's also downgraded
Lamb Weston's senior unsecured notes from Ba2 to Ba3. The
speculative grade liquidity rating was changed to SGL-3 from SGL-1.
The outlook is stable.

The downgrade reflects Moody's view that Fiscal 2022 earnings will
be lower than previously expected, leading to elevated leverage.
Although Lamb Weston is experiencing an increase in sales as demand
from quick service (QSR) and other restaurants rebounds, the
company is also facing inflationary headwinds in the form of higher
canola oil costs and higher transportation costs that are having a
significant negative impact on gross margins. In Fiscal 2022,
management expects that these cost pressures could have between a
500-800bps impact on gross margin.

Moody's believes that inflationary pressures combined with an
expected exceptionally weak potato crop could cause Moody's
adjusted gross debt/EBITDA to increase above 5.0x in the next 12
months. Although management plans to offset inflationary headwinds
through price increases, restructuring of freight policies and
rationalizing its product portfolio, Moody's believes there will be
a delayed benefit from these actions by at least one quarter. In
addition, increased costs for items such as labor may be harder to
mitigate through price increases or other cost rationalization. As
a result, Moody's adjusted gross debt-to-EBITDA leverage is likely
to increase to above 5x for at least the next 12 months. In
addition, Moody's also anticipates that the company will have
negative free cash flow in Fiscal 2022 and Fiscal 2023 as the
company maintains its dividend of approximately $135 million
annually and funds a capital expansion project in China of
approximately $250 million that will result in capital expenditures
of $450 million in Fiscal 2022 and nearly $600 million in Fiscal
2023. Moody's views sustaining high cash distributions to
shareholders including share buybacks as aggressive amid the heavy
capital spending and cost pressures.

The downgrade of the liquidity rating to SGL-3 from SGL-1 reflects
the diminished projected headroom under Lamb Weston's credit
facility financial maintenance covenants. Moody's believes the
company's sizable cash balance and undrawn $1 billion revolver
provide ample capacity to meet projected cash needs including the
sizable capital spending program, but that greater reliance on
these liquidity sources will be needed over the next 12 months.

The following ratings/assessments are affected by the action:

Ratings Downgraded:

Issuer: Lamb Weston Holdings, Inc.

Corporate Family Rating, Downgraded to Ba2 from Ba1

Probability of Default Rating, Downgraded to Ba2-PD from Ba1-PD

Speculative Grade Liquidity Rating, Downgraded to SGL-3 from
SGL-1

Senior Unsecured Regular Bond/Debenture, Downgraded to Ba3 (LGD4)
from Ba2 (LGD5)

Outlook Actions:

Issuer: Lamb Weston Holdings, Inc.

Outlook, Remains Stable

RATINGS RATIONALE

Lamb Weston's Ba2 CFR reflects the company's leading North America
market position and top-tier global market position in value-added
frozen potato products--a category with attractive operating profit
margins and good long-term global growth prospects. The rating is
further supported by the company's established track record of
stable operating performance. The company's credit profile is
constrained by its narrow business focus, relatively high customer
and supply concentrations, and somewhat limited financial
flexibility due to high capital expenditures. Cost pressures are
likely to push gross debt-to-EBITDA leverage above 5x over the next
12 months. Moody's nevertheless expects earnings from the new
production capacity, pricing increase and cost mitigation efforts
will ultimately reduce gross debt-to-EBITDA to a mid 4x range by
the end of calendar 2023.

Lamb Weston's SGL-3 speculative grade liquidity rating reflects the
company's adequate liquidity because of lower projected headroom
under the financial maintenance covenants. The company amended the
net debt-to-EBITDA covenant to 5.0x with a step down to 4.75x on
February 23, 2025. Covenant leverage includes cash distributions
from joint ventures. Cash on hand of $790 million as of August 29,
2021 and the undrawn $1 billion revolver expiring August 2026
provides ample support for business operations through the
coronavirus pandemic and low yielding potato crop, assuming a
recovery in Fiscal 2023. Moody's expects that the company will
generate negative annual free cash flow in fiscal years 2022 and
2023 and positive annual free cash flow beginning in fiscal 2024,
assuming the current dividend remains in place. The next major debt
maturities are the $270 million senior secured term A-1 facility
due in June 2024 and the $309 million senior secured term A-2
facility due April 2025.

ESG CONSIDERATIONS

Lamb Weston is especially exposed to extreme weather because of its
reliance on a single crop input from a concentrated producing
region in the Pacific Northwest. Extreme weather conditions may
negatively impact crop yield and quality, driving up input costs.

Moody's regards the coronavirus outbreak as a social risk under its
ESG framework, given the substantial implications for public health
and safety. Other social risks exist in the context of changing
consumer preferences that could lead to a shift in traffic away
from QSRs and other restaurants -- key customers for value-added
potato products. Foodservice away from hoome, which represents 80%
of Lamb Weston's sales, is among the sectors most negatively
affected by the coronavirus pandemic. Product safety and recalls
are also key risks that can be elevated where assets become
strained or under-maintained.

As a company with public-investor and board of directors'
oversight, and relatively conservative financial policy, Lamb
Weston's governance is good. Lamb Weston's targets a net
debt-to-EBITDA leverage of 3.5x-4.0x (based on the company's
calculation) that Moody's considers moderate for a food company.
The company estimates net debt-to-EBITDA including joint venture
earnings was 2.7x as of August 29, 2021. Covenant leverage is
somewhat higher because it includes only cash distributions from
joint ventures.

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

The stable outlook reflects Moody's view that Lamb Weston will be
able to reduce gross debt-to-EBITDA leverage below 5x in the next
18 months as price increases offset inflationary headwinds and a
better yielding potato crop in calendar year 2022 drive a
significant improvement in EBITDA. Moody's also expects the company
will maintain sufficient cash and unused revolver capacity to fund
cash needs including the heavy capital spending program and
dividend.

Ratings could be upgraded if Lamb Weston sustains relatively stable
operating performance, generates consistent and comfortably
positive free cash flow, and debt/EBITDA is sustained below 4.0x.

Ratings could be downgraded if the company is unable to mitigate
inflationary cost pressures, crop yields remain weak, or operating
performance otherwise deteriorates. Debt/EBITDA sustained above
5.0x or a deterioration in liquidity could also lead to a
downgrade.

The principal methodology used in these ratings was Consumer
Packaged Goods Methodology published in February 2020.

Lamb Weston Holdings, Inc., based in Eagle, Idaho, manufactures and
sells value-added frozen potato products. The company's products,
which include french fries and other cut, chopped, and formed
potato products, are primarily sold to restaurant chains and
foodservice distributors. Annual net sales for the publicly traded
company (NYSE: LW) are approximately $3.8 billion.


LATAM AIRLINES: To Submit Plan in Coming Weeks
----------------------------------------------
Jeremy Hill of Bloomberg News reports that Latam Airlines Group SA
again asked its bankruptcy judge to extend a deadline to file its
Chapter 11 exit plan, saying it hopes to submit a plan in the
coming weeks, per court papers.

Latam's request would extend its so-called exclusive period to Nov.
26, 2021, after which creditors could pitch their own plans.

"In the last few weeks, the Debtors have engaged with their major
stakeholder constituents in discussions and negotiations regarding
the terms of potential exit and plan structures.  Indeed,
representatives of the Debtors and certain stakeholders attended
multiple in-person meetings to facilitate such discussions.
Further, the Debtors have received and responded to various plan
and exit financing proposals and have provided feedback that has
led to amended proposals from different stakeholders.  The Debtors
believe that all parties can benefit from further discussion and
collaborative work to develop plan and exit financing terms.  These
efforts will advance the Debtors' ultimate goal of crafting a plan
of reorganization that can be proposed on a consensual and widely
supported basis, confirmed by the Bankruptcy Court and globally
implemented in furtherance of a smooth and prompt emergence from
these Chapter 11 Cases," lawyers for Latam wrote in the Debtors'
5th motion for an extension of the exclusive periods.

"The Debtors are focused on being able to file a plan of
reorganization in the coming weeks.  That said, the discussions
over the last few weeks have been the first time the Debtors have
been able to engage with stakeholders over the proposals received
and, as such, the Debtors need additional time to finalize their
discussions, as well as to determine if additional progress can be
made in the coming weeks, in the hope of filing a plan with the
support and participation of their various stakeholders or, to the
extent such global resolution is not possible, to propose a plan
that the Debtors determine is the best path forward."

                    About LATAM Airlines Group

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

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

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

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

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

The Debtors tapped Cleary Gottlieb Steen & Hamilton LLP as
bankruptcy counsel, FTI Consulting as restructuring advisor, Lee
Brock Camargo Advogados as local Brazilian litigation counsel, and
Togut, Segal & Segal LLP and Claro & Cia in Chile as special
counsel. The Boston Consulting Group, Inc. and The Boston
Consulting Group UK LLP serve as the Debtors' strategic advisors.
Prime Clerk LLC is the claims agent.

The official committee of unsecured creditors formed in the case
tapped Dechert LLP as its bankruptcy counsel, Klestadt Winters
Jureller Southard & Stevens, LLP as conflicts counsel, UBS
Securities LLC as investment banker, and Conway MacKenzie, LLC as
financial advisor. Ferro Castro Neves Daltro & Gomide Advogados is
the committee's Brazilian counsel.

The Ad Hoc Group of LATAM Bondholders tapped White & Case LLP as
counsel.

Glenn Agre Bergman & Fuentes, LLP, led by managing partner Andrew
Glenn and partner Shai Schmidt, has been retained as counsel to the
Ad Hoc Committee of Shareholders.


LAUTERBACH DENTAL: Seeks to Hire Dennis Spyra as Bankruptcy Counsel
-------------------------------------------------------------------
Lauterbach Dental Lab, Inc. seeks approval from the U.S. Bankruptcy
Court for the Western District of Pennsylvania to hire  Dennis
Spyra, Esq., an attorney practicing in White Oak, Pa., to handle
its Chapter 11 case.

Mr. Spyra's services include:

     (a) representing the Debtor at the first meeting of creditors
and other court appearances;

     (b) advising the Debtor regarding matters related to the
status of its secured creditors and payments required under
numerous loan agreements and tax obligations;

     (c) representing the Debtor in relation to acceptance or
rejection of executory contracts;

     (d) advising the Debtor regarding its rights and obligations;
and

     (e) preparing a disclosure statement and plan of
reorganization.

Mr. Spyra will be paid at an hourly rate of $375.

The Debtor paid the amount of $7,500 to the attorney as a retainer
fee.

In court papers, Mr. Spyra disclosed that he is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

Mr. Spyra holds office at:

     Dennis J. Spyra, Esq.
     Suite 400, 6000 Poplar Avenue
     1711 Lincoln Way
     White Oak, PA 15131
     Tel.: 412-673-5228
     Email: attorneyspyra@dennisspyra.com

                      About Lauterbach Dental

Lauterbach Dental Lab, Inc. filed a petition for Chapter 11
protection (Bankr. W.D. Pa. Case No. 21-22189) on Oct. 6, 2021,
listing as much as $50,000 in both assets and liabilities. Joseph
W. Lauterbach, president of Lauterbach Dental Lab, signed the
petition.  The Debtor tapped Dennis J. Spyra, Esq., as legal
counsel.


LAWRENCE GENERAL HOSPITAL: S&P Affirms 'B-' Rating on Rev. Bonds
----------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' long-term rating on
Massachusetts Development Finance Agency's revenue bonds issued for
Lawrence General Hospital (LGH) and removed the rating from
CreditWatch, where it had been placed with negative implications
May 19, 2021. The outlook is negative.

"The negative outlook reflects the continued financial and
liquidity pressures LGH faces, as the organization has become
reliant on significant one-time funding sources," said S&P Global
Ratings credit analyst Anne Cosgrove.

The rating reflects S&P's opinion of LGH's:

-- Very low operating liquidity and reduced financial flexibility,
following continued operating challenges and cash usage during and
before the pandemic;

-- Multiyear trend of negative operating margins;

-- High debt levels; and

-- Very little cushion under Master Trust Indenture (MTI)
covenants.

Partially offsetting the above weaknesses, in S&P's view, are
LGH's:

-- Continued solid business position as the leading provider in
its service area, with a focus on optimizing its specialty
services;

-- Management's initiatives underway for revenue enhancement and
further cost containment as well as efforts to secure improved
reimbursement rates;

-- Healthy volume trends overall prior to the pandemic although
down through the interim period ended Aug. 31, 2021; and

-- Significant state grant to help improve liquidity and
operational performance as well as CARES Act funding.

S&P said, "We view LGH's social risk as in line with that of peers;
however, there is a higher reliance on governmental payers at 61%
of gross revenues. This is composed of a high percentage of
Medicaid at 25.6%, and Medicare at 35% of gross revenues. This
contributes to LGH's highly vulnerable financial profile that is
heavily reliant on special funding, including recent one-time state
grants. The COVID-19 pandemic has increased social risk and
associated financial pressures with high staffing and supplies
costs. This creates continued uncertainty during the outlook
period. In addition, LGH has a high percentage of its workforce in
unions at about 25%, and we note that the Massachusetts Nursing
Assn. contract is currently under negotiation. Finally, we believe
environmental and governance risks are in line with our view of the
industry as a whole.

"We could take a positive rating action if LGH is able to improve
its reserve position, excluding temporary advances or grant
funding; and improve its financial operations by maintaining more
structural balance with less reliance on one-time funding. In
addition, we could revise the outlook to stable if LGH receives
significant federal funding during the outlook period to provide
additional financial cushion. We view a stable enterprise profile
as important for positive action. Any further worsening in the
enterprise profile, including payer profile or market share
weakness, could result in ratings pressure.

"We could consider a lower rating within the next year if LGH's
liquidity weakens further or if the hospital has challenges making
timely payments for its financial obligations. In addition, failure
to meet MTI covenants in fiscal 2022 or achieve the fiscal 2022
budget could result in a lower rating. LGH's trend in underlying
operating performance will be an important factor in determining
future rating actions."



LEGGETT & PLATT: Egan-Jones Keeps BB+ Senior Unsecured Ratings
--------------------------------------------------------------
Egan-Jones Ratings Company, on September 30, 2021, maintained its
'BB+' foreign currency and local currency senior unsecured ratings
on debt issued by Leggett & Platt, Incorporated.

Headquartered in Carthage, Missouri, Leggett & Platt, Incorporated
manufactures a wide range of engineered products.



LINDSAY YORK: Gets Interim OK to Hire Garner & Munoz as Counsel
---------------------------------------------------------------
Lindsay York Fantaci, M.D., LLC received interim approval from the
U.S. Bankruptcy Court for the Eastern District of Louisiana to
employ Garner & Munoz to serve as legal counsel in its Chapter 11
case.

The firm's services include:

     a. advising the Debtor concerning questions arising in the
administration of its bankruptcy estate;

     b. representing the Debtor's interests in lawsuits arising in
or related to the bankruptcy case;

     c. investigating and prosecuting preference and other actions
arising under the Debtor's avoiding powers;

     d. assisting in the preparation of legal papers; and

     e. preparing a Chapter 11 plan of reorganization.

The firm's hourly rates are as follows:

     T. Randolph Richardson    $300 per hour
     Associates                $150 - $200 per hour
     Law Clerks                $75 - $125 per hour
     Paralegals                $65 - $95 per hour

T. Randolph Richardson, Esq., at Garner & Munoz, disclosed in a
court filing that his firm does not represent any interest adverse
to the Debtor's bankruptcy estate or any of its creditors.

The firm can be reached through:

     T. Randolph Richardson, Esq.
     Garner & Munoz
     935 Gravier Street, Suite 1140
     New Orleans, LA 70112
     Tel: 504-212-4163
     Email: trichar994@aol.com

                   About Lindsay York Fantaci MD

Lindsay York Fantaci, M.D., LLC, a Marrero, La.-based medical group
practice that specializes in pediatrics, filed its voluntary
petition for Chapter 11 protection (Bankr. E.D. La. Case No.
21-11186) on Sept. 30, 2021, listing up to $500,000 in assets and
up to $10 million in liabilities.  Judge Meredith S. Grabill
oversees the case.  T. Randolph Richardson, Esq., at Garner & Munoz
represents the Debtor as legal counsel.


LKQ CORPORATION: Egan-Jones Hikes Senior Unsecured Ratings to BB+
-----------------------------------------------------------------
Egan-Jones Ratings Company, on September 30, 2021, upgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by LKQ Corporation to BB+ from BB.

Headquartered in Chicago, Illinois, LKQ Corporation offers
automotive products and services.



LTL MANAGEMENT: Bankruptcy Administrator to Form Talc Committee
---------------------------------------------------------------
Shelley Abel, the U.S. Bankruptcy Administrator for the Western
District of North Carolina, filed a notice of solicitation of talc
claimants interested in serving on the official committee of talc
claimants in LTL Management, LLC's Chapter 11 case.

Talc claimants willing to serve on the committee are required to
complete a questionnaire form and return it via email only to the
Office of the Bankruptcy Administrator no later than Thursday, Oct.
21, at 5:00 p.m. (prevailing Eastern time).  A fillable pdf of the
questionnaire is available for download on the website for the
bankruptcy administrator: www.ncwba.uscourts.gov.

The bankruptcy administrator may request a telephone conference
with parties responding with interest in being a member of the
committee.

Ms. Abel can be reached at:

     Shelley K. Abel
     U.S. Bankruptcy Administrator
     Western District of North Carolina
     402 West Trade Street, Suite 200
     Charlotte, NC 28202
     Phone: 704-350-7587
     Fax: 704-344-6666
     Email: Sarah_E_Scholz@ncwba.uscourts.gov

                       About LTL Management

LTL Management LLC is a newly formed subsidiary of Johnson &
Johnson (J&J) to manage and defend thousands of talc-related claims
and oversee the operations of its subsidiary, Royalty A&M, which
owns a portfolio of royalty revenue streams, including royalty
revenue streams based on third-party sales of LACTAID, MYLANTA
/MYLICON and ROGAINE products.

J&J is an American multinational corporation founded in 1886 that
develops medical devices, pharmaceuticals, and consumer packaged
goods.  It is the world's largest and most broadly based healthcare
company.

LTL Management filed a Chapter 11 petition (Bankr. W.D.N.C. Case
No. 21-30589) on Oct. 14, 2021.  The Debtor was estimated to have
$1 billion to $10 billion in assets and liabilities as of the
bankruptcy filing.
  
The Hon. J. Craig Whitley is the case judge.

The Debtor tapped Jones Day and Rayburn Cooper & Durham, P.A., as
bankruptcy counsel; King & Spalding, LLP and Shook, Hardy & Bacon
LLP as special counsel; McCarter & English, LLP as litigation
consultant; Bates White, LLC as financial consultant; and
AlixPartners, LLP as restructuring advisor.  Epiq Corporate
Restructuring, LLC is the claims agent.


LTL MANAGEMENT: Seeks to Stay Lawsuits Against Johnson & Johnson
----------------------------------------------------------------
LTL Management LLC, the newly formed subsidiary of Johnson &
Johnson formed to deal with talc claims, filed with the U.S.
Bankruptcy Court for the Western District of North Carolina an
emergency motion enforcing the automatic stay against tort
claimants who, despite the imposition of the automatic stay, seek
to recover on their claims against the Debtor by asserting those
same claims against the Debtor's ultimate parent, Johnson & Johnson
("J&J"), the Debtor's other non-debtor affiliates, and the former
Johnson & Johnson Consumer Inc. ("Old JJCI").

Shortly after the commencement of LTL's chapter 11 case on October
14, 2021, the Debtor filed a notice of suggestion of bankruptcy in
thousands of pending talc lawsuits to inform the courts and the
parties about the commencement of the Chapter 11 case and the
applicability of the automatic stay to their pending lawsuits.  

The very next day numerous Plaintiffs responded.  Using virtually
identical language, they informed the applicable courts and the
Debtor that they have no intention of respecting the Debtor's
notice of the automatic stay and instead will continue to pursue
their talc claims against the Debtor by pursuing those same claims
against (i) Old JJCI -- an entity that no longer exists and whose
talc-related liability now resides in the Debtor, (ii) J&J and
(iii) the Debtor's other non-debtor affiliates.  

The Plaintiffs attorneys are:

   * Ashcraft & Gerel, LLP
   * Barnes Law Group, LLC
   * Beasley Allen Law Firm
   * Cohen, Placitella & Roth, P.C.
   * Golomb Spirit Grunfeld, P.C.
   * Kazan, McClain, Satterley & Greenwood PLC
   * Kiesel Law, LLP
   * Levy Konigsberg LLP
   * Motley Rice LLC
   * Osborne & Francis Law Firm PLLC
   * Robinson, Calcagnie, Robinson, Shapiro, Davis, Inc

                   Claims vs. J&J, JJCI

The Plaintiffs Steering Committee represents 35,000 plaintiffs in
talc-related lawsuits against Old JJCI and J&J in the federal
multi-district litigation in the United States District Court for
the District of New Jersey, No. 16-02738.

As stated in a written communication from the plaintiffs' ovarian
cancer steering committee:

      [t]he Plaintiffs' Steering Committee opposes any stay of
proceedings against [J&J] or [Old JJCI].  Neither company has filed
bankruptcy.  The law does not provide for an automatic stay of
cases against non-debtors....

The assertions by the Plaintiffs Steering Committee are incorrect,
the Debtor's counsel argues.

Citing Aldrich Pump LLC v. Those Parties to Actions Listed on
Appendix A to Complaint (In re Aldrich Pump LLC), 2021 WL 3729335,
at *30-32 (Bankr. W.D.N.C. Aug. 23, 2021); and DBMP LLC v. Those
Parties Listed on Appendix A to Complaint (In re DBMP LLC), 2021 WL
3552350, at *27-28 (Bankr. W.D.N.C. Aug. 11, 2021), the Debtor said
in filings before the Charlotte bankruptcy court: "As this Court
recently affirmed based on well-established precedent in the Fourth
Circuit, actions against Non-Debtor parties to recover claims
against the Debtor are automatically stayed under section 362 of
the Bankruptcy Code.  This is because either the non-Debtor parties
share such an identity of interest with the Debtor that the Debtor
is, in effect, the real-party defendant, or the claims are property
of the Debtor's estate."

"In addition, the commencement or continuation of the talc claims
against Old JJCI or J&J is for the purpose of liquidating and
recovering claims against the Debtor.  Thus, such an action is
expressly enjoined by section 362(a)(1) because it constitutes an
"action or proceeding against the debtor" to recover a prepetition
claim.  Permitting the continued piecemeal litigation of such
claims in the tort system notwithstanding the automatic stay would
undoubtedly interfere with, and potentially end, the Debtor's
reorganization case."

Accordingly, the Debtor avers that the Plaintiffs' pursuit of
claims against the Debtor's non-debtor affiliates, including J&J,
to recover their claims against the Debtor is a violation of the
automatic stay that the Court should halt.

                 2021 Corporate Restructuring

On Oct. 12, 2021, Old JJCI implemented an internal corporate
restructuring.  As a result of that restructuring, Old JJCI ceased
to exist and two new entities were created: (a) the Debtor, which
was initially formed as a Texas limited liability company and then
converted into a North Carolina limited liability company; and (b)
a second entity, which was initially formed as a Texas limited
liability company and then merged into a New Jersey corporation
that was its direct parent (as well as the direct parent of the
Debtor), whereupon this entity changed its name to "Johnson &
Johnson Consumer Inc." ("New JJCI").

The 2021 Corporate Restructuring was implemented to enable the
Debtor to fully resolve talc-related claims through a chapter 11
reorganization without subjecting the entire Old JJCI enterprise to
a bankruptcy proceeding.  As a result of the 2021 Corporate
Restructuring:

    a. Old JJCI ceased to exist;

    b. The Debtor, as well as New JJCI, were formed;

    c. The Debtor received certain of Old JJCI's assets and became
solely responsible for certain of its liabilities, including Old
JJCI's liabilities arising from talc-related claims against it
(other than claims for which the exclusive remedy is provided under
a workers' compensation statute or similar laws) (the "Debtor Talc
Claims");

    d. New JJCI was allocated all other assets of Old JJCI and
became solely responsible for all other liabilities of Old JJCI;

    e. A funding agreement was established between New JJCI, J&J
and the Debtor for the purpose of ensuring that the Debtor has at
least the same, if not greater, ability to pay the Debtor Talc
Claims against it as Old JJCI had before the 2021 Corporate
Restructuring;4 and

    f. The Debtor agreed to indemnify New JJCI and its affiliates
for any losses it might suffer related to the Debtor Talc Claims.

At the time of the 2021 Corporate Restructuring, the Debtor
received the following assets:

    a. Old JJCI's rights and interests as payee under the Funding
Agreement (J&J and New JJCI have agreed to advance $2 billion under
the Funding Agreement into a qualified settlement trust);

    b. A bank account and approximately $6 million in cash;

    c. All contracts of Old JJCI related to its talc-related
litigation, including settlement agreements, interests in qualified
settlement trusts, indemnity rights, insurance coverage rights,
service contracts and engagement and retention contracts, if any;

    d. All equity interests in Royalty A&M LLC ("Royalty A&M"),
which owns a portfolio of royalty revenue streams, including
royalty revenue streams based on third-party sales of certain
products, a business that is projected to generate approximately
$50 million in revenue per year over the next five years and has
the ability to borrow up to $50 million from J&J on terms
consistent to those provided to other J&J affiliates;

    e. Causes of action that relate to the assets and liabilities
allocated to the Debtor;

    f. Privileges that relate to the assets and liabilities
allocated to the Debtor; and

    g. Records that relate to the assets and liabilities allocated
to the Debtor.

In total, the Debtor's value is approximately $373.1 million,
without taking into account the Funding Agreement with New JJCI and
J&J.  In addition, J&J and New JJCI have committed to fund as early
as January 31, 2022 a North Carolina trust that will constitute a
"qualified settlement fund" with an aggregate amount of $2 billion
for the payment of current and future talc-related claims asserted
against or related to the Debtor.

"Old JJCI no longer exists, and the Debtor is responsible for the
Debtor Talc Claims.  Thus, the commencement or continuation of the
Debtor Talc Claims against Old JJCI can have only one purpose:  the
ultimate liquidation and recovery of claims against the Debtor.
And, because the Debtor Talc Claims allege liabilities arising out
of Old JJCI's actions years before the Petition Date, any action
against Old JJCI to recover such claims is expressly enjoined by
section 362(a)(1) because it constitutes an "action or proceeding
against the debtor" to recover a prepetition claim," the Debtor's
counsel, John R. Miller, Jr., of RAYBURN COOPER & DURHAM, P.A.,
tells the Court.

                       About LTL Management

LTL Management LLC is a newly formed subsidiary of Johnson &
Johnson.  LTL was formed to manage and defend thousands of
talc-related claims and to oversee the operations of its
subsidiary, Royalty A&M.  Royalty A&M owns a portfolio of royalty
revenue streams, including royalty revenue streams based on
third-party sales of LACTAID, MYLANTA /MYLICON and ROGAINE
products.

LTL Management LLC filed a Chapter 11 petition (Bankr. W.D.N.C.
Case No. 21-30589) on Oct. 14, 2021.  The Hon. J. Craig Whitley is
the case judge.

The Debtor tapped JONES DAY as counsel, RAYBURN COOPER & DURHAM,
P.A., as co-counsel; BATES WHITE, LLC, as financial consultant; and
ALIXPARTNERS, LLP, as restructuring advisor.  KING & SPALDING LLP
and SHOOK, HARDY & BACON L.L.P., serve as special counsel, and
McCARTER & ENGLISH, LLP is the litigation consultant.  EPIQ
CORPORATE RESTRUCTURING, LLC, is the claims agent.

The Debtor was estimated to have $1 billion to $10 billion in
assets and liabilities as of the bankruptcy filing.

                      About Johnson & Johnson

Johnson & Johnson (J&J) is an American multinational corporation
founded in 1886 that develops medical devices, pharmaceuticals, and
consumer packaged goods.   J&J is the world's largest and most
broadly based healthcare company.

Johnson & Johnson is headquartered in New Brunswick, New Jersey,
the consumer division being located in Skillman, New Jersey.  The
corporation includes some 250 subsidiary companies with operations
in 60 countries and products sold in over 175 countries.

Johnson & Johnson had worldwide sales of $82.6 billion during
calendar year 2020.


LUCILLE MANOR: Fails to Comply with OUST Requirements
-----------------------------------------------------
Peter C. Anderson, United States Trustee for Region 16, filed with
the U.S. Bankruptcy Court for the Central District of California a
motion to convert, dismiss, or appoint a Chapter 11 Trustee with
respect to Lucille Manor Apartments, LLC.

The U.S. Trustee disclosed that the Debtor has failed to file
several requirements of the Office of the U.S. Trustee (OUST),
including (i) a notice of setting/increasing insider compensation,
(ii) an application to employ attorney, (iii) a projected cash flow
statement for the first 90 days of operation under Chapter 11, and
(iv) a Statement of Major Issues and Timetable Report, among other
things.

Failure to comply with the reporting requirements of the OUST is
cause to dismiss a Chapter 11 case or convert it to one under
Chapter 7.  

The Court will consider the motion on November 9, 2021 at 10 a.m.

A copy of the motion is available for free at
https://bit.ly/30mZxkf from PacerMonitor.com.

                About Lucille Manor Apartments, LLC

Lucille Manor Apartments, LLC sought Chapter 11 protection (Bankr.
C.D. Cal. Case No. 21-17159) on September 12, 2021, listing
$500,000 to $1,000,000 in assets and $100,000 to $500,000 in
liabilities.  The petition was signed by Zollie Stevens, managing
member.

Judge Barry Russell is assigned to the case.

Totaro & Shanahan serves as the Debtor's counsel.

The firm may be reached through:

   Michael R. Totaro, Esq.
   Totaro & Shanahan
   P.O. Box 789
   Pacific Palisades, CA 90272
   Telephone: (888) 425-2889
   Email: Ocbkatty@aol.com



MANITOWOC CO: Egan-Jones Hikes Senior Unsecured Ratings to B+
-------------------------------------------------------------
Egan-Jones Ratings Company, on October 1, 2021, upgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Manitowoc Company, Inc. to B+ from B.

Headquartered in Milwaukee, Wisconsin, Manitowoc Company, Inc. is a
diversified industrial manufacturer of cranes and related
products.



MARATHON OIL: Egan-Jones Keeps BB Senior Unsecured Ratings
----------------------------------------------------------
Egan-Jones Ratings Company, on September 23, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by Marathon Oil Corporation.

Headquartered in Houston, Texas, Marathon Oil Corporation is an
independent international energy company.



MASTEC INC: Egan-Jones Keeps BB Senior Unsecured Ratings
--------------------------------------------------------
Egan-Jones Ratings Company, on September 20, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by MasTec, Inc.

Headquartered in Coral Gables, Florida, MasTec, Inc. is a specialty
contractor operating across a range of industries.



MEDLEY LLC: Combined Disclosure & Plan Confirmed by Judge
---------------------------------------------------------
Judge Karen B. Owens has entered findings of fact, conclusions of
law and order confirming the Modified Third Amended Combined
Disclosure Statement and Chapter 11 Plan of Medley LLC.

Pursuant to Section 1123 of the Bankruptcy Code and Bankruptcy Rule
9019, the Combined Disclosure Statement and Plan incorporates a
global good-faith compromise and settlement, (the "Global
Settlement"), of numerous inter-Company, Debtor-Creditor, and
inter-Creditor issues designed to achieve an economic settlement of
Claims against the Debtor and an efficient resolution of the
Chapter 11 Case. The Global Settlement is fair, equitable,
reasonable, and in the best interests of the Debtor, its Estate,
its creditors, and other parties in interest.

The Debtor's, its Estate's, and the Liquidating Trustee's pursuit
of any such claims against the Released Parties is not in the best
interests of the Estate's various constituencies because the costs
involved would likely outweigh any potential benefit from pursuing
such claims. The Combined Disclosure Statement and Plan, including
the Debtor Release, was negotiated at arms' length by sophisticated
parties represented by able counsel and financial advisors.

The Combined Disclosure Statement and Plan accomplishes
maximization of the value of the Debtor's Estate and equitable
distribution of the Debtor's assets through the establishment of
the Liquidating Trust to make distributions to the Holders of
Allowed Notes Claims and Allowed General Unsecured Claims. Each
Plan Proponent supports the Combined Disclosure Statement and Plan.
Accordingly, the Combined Disclosure Statement and Plan and the
related documents have been filed in good faith and the Plan
Proponents have satisfied their obligations under section
1129(a)(3) of the Bankruptcy Code.

Counsel for Medley LLC, Debtor:

   Jeffrey R. Waxman, Esq.
   Eric J. Monzo, Esq.
   Brya M. Keilson, Esq.
   Morris James LLP
   500 Delaware Avenue, Suite 1500
   Wilmington, DE 19801
   Telephone: (302) 888-6800
   Facsimile: (302) 571-1750
   Email: jwaxman@morrisjames.com
          emonzo@morrisjames.com
          bkeilson@morrisjames.com

Counsel for the Official Committee of Unsecured Creditors of
Medley
LLC:

   Christopher M. Samis, Esq.
   D. Ryan Slaugh, Esq.
   Potter Anderson & Corroon LLP
   1313 N. Market Street, 6th Floor
   Wilmington, DE 19801
   Telephone: (302) 984-6000
   Facsimile: (302) 658-1192
   Email: csamis@potteranderson.com
          rslaugh@potteranderson.com

            - and -

   James S. Carr, Esq.
   Benjamin D. Feder, Esq.
   Sean T. Wilson, Esq.
   Kelley Drye & Warren LLP
   3 World Trade Center
   175 Greenwich Street
   New York, NY 10007
   Telephone: (212) 808-7800
   Facsimile: (212) 808-7897
   Email: jcarr@kelleydrye.com
          bfeder@kelleydrye.com
          swilson@kelleydrye.com


Counsel for Medley Capital LLC:

   Gregory A. Taylor, Esq.
   Ashby & Geddes, P.A.
   500 Delaware Avenue, 8th Floor
   P.O. Box 1150
   Wilmington, DE 19899
   Telephone: (302) 654-1888
   Facsimile: (302) 654-2067
   Email: gtaylor@ashby-geddes.com

          - and -

   Justin Rawlins, Esq.
   Paul Hastings LLP
   515 South Flower Street, 25th Floor
   Los Angeles, CA 90071
   Telephone: (213) 683-6130
   Facsimile: (213) 996-3130
   Email: justinrawlins@paulhastings.com

          - and -

   Matthew Micheli, Esq.
   Brendan M. Gage, Esq.
   Paul Hastings LLP
   71 S. Wacker Drive, 45th Floor
   Chicago, IL 60606
   Telephone: (312) 499-6018
   Facsimile: (312) 499-6118
   Email: mattmicheli@paulhastings.com
          brendangage@paulhastings.com

                       About Medley LLC

Medley LLC, through its direct and indirect subsidiaries, including
Medley Capital LLC, is an alternative asset management firm
offering yield solutions to retail and institutional investors.  It
provides investment management services to a permanent capital
vehicle, long-dated private funds, and separately managed accounts,
and serves as the general partner to the private funds. Medley is
headquartered in New York City and incorporated in Delaware.

As of Sept. 30, 2020, Medley had $3.4 billion of assets under
management in two business development companies, Medley Capital
Corporation (NYSE: MCC) and Sierra Income Corporation, and several
private investment vehicles.  Over the past 18 years, Medley has
provided capital to over 400 companies across 35 industries in
North America.

Medley filed a Chapter 11 bankruptcy petition (Bankr. D. Del. Case
No. 21-10526) on March 7, 2021.  The Debtor disclosed $5,422,369 in
assets and $140,752,116 in liabilities as of March 2, 2021.

The Debtor tapped Lowenstein Sandler LLP and Morris James LLP as
bankruptcy counsel, Eversheds Sutherland (US) LLP as special
counsel, B. Riley Securities Inc. as investment banker, and
Andersen Tax LLC as tax accountant. Corporation Service Company
serves as the Debtor's independent manager.  Kurtzman Carson
Consultants, LLC is the claims agent.

The U.S. Trustee for Region 3 appointed an official committee of
unsecured creditors on April 22, 2021.  The committee is
represented by Potter Anderson & Corroon, LLP and Kelley Drye &
Warren, LLP.


MEDLEY LLC: Further Fine-Tunes Plan Documents
---------------------------------------------
Medley LLC; Medley Capital LLC, (a registered investment advisor
under the Investment Advisers Act and a non-Debtor affiliate of the
Debtor) and the Official Committee of Unsecured Creditors appointed
in the Debtor's Chapter 11 case (together the "Plan Proponents")
submitted a modified version of the Modified Third Amended Combined
Disclosure Statement and Chapter 11 Plan of Medley LLC (the "Second
Modified Third Amended Combined Disclosure Statement and Plan") on
October 14, 2021.  

The only change from the Modified Third Amended Combined Disclosure
Statement and Plan is the revision of certain language in Section
Article XI, Section D.

     * "Except as otherwise specifically provided in the Plan, no
Exculpated Party shall have, or incur, and each Exculpated Party is
released and exculpated from any Cause of Action for any claim
related to any post-Petition Date act or omission in connection
with, relating to, or arising out of, the Chapter 11 Case, related
prepetition transactions, the Combined Disclosure Statement and
Plan, or any Restructuring Transaction, contract, instrument,
release or other agreement or document created or entered into in
connection with the Combined Disclosure Statement and Plan, the
filing of the Chapter 11 Case, the pursuit of Confirmation, the
pursuit of Consummation, the administration and implementation of
the Plan, including the issuance or distribution of the Liquidating
Trust Interest under the Plan, or the distribution of property
under the Combined Disclosure Statement and Plan or any other
related agreement, except for claims related to any act or omission
that is determined in a Final Order to have constituted willful
misconduct, actual fraud, or gross negligence. Further, nothing
shall exculpate any party for any claims or Causes of Action
arising from or in connection with any deviation from the Debtor's
historical cash-flow system that occurred on or about the Petition
Date and continued after the Petition Date."

Like in the prior iteration of the Plan, each holder of Class 4
Allowed General Unsecured Claim shall receive a Pro Rata share of
the Assets Available for Distribution to Unsecured Creditors, which
shall be shared Pro Rata among Holders of Allowed Notes Claims and
Allowed General Unsecured Claims. This Class has 2.02% to 2.17%
projected recovery.

The Debtor has three primary assets: (i) cash on hand, (ii) the
income stream generated by non-Debtor Affiliates from the Remaining
Company Contracts, less the costs of operations, and (iii) Causes
of Action.

On the Effective Date, the Liquidating Trust will be established
for the benefit of creditors holding Allowed Claims and on the
Effective Date or by the Wind-Down Date, as applicable, the
Liquidating Trust Assets shall vest in the Liquidating Trust. The
Liquidating Trust shall be funded with (i) all Cash held by the
Debtor on the Effective Date; (ii) the Initial GUC Funds, and (iii)
the Additional GUC Funds.

Counsel for Medley LLC, Debtor:

   Jeffrey R. Waxman, Esq.
   Eric J. Monzo, Esq.
   Brya M. Keilson, Esq.
   Morris James LLP
   500 Delaware Avenue, Suite 1500
   Wilmington, DE 19801
   Telephone: (302) 888-6800
   Facsimile: (302) 571-1750
   Email: jwaxman@morrisjames.com
          emonzo@morrisjames.com
          bkeilson@morrisjames.com

Counsel for the Official Committee of Unsecured Creditors of
Medley
LLC:

   Christopher M. Samis, Esq.
   D. Ryan Slaugh, Esq.
   Potter Anderson & Corroon LLP
   1313 N. Market Street, 6th Floor
   Wilmington, DE 19801
   Telephone: (302) 984-6000
   Facsimile: (302) 658-1192
   Email: csamis@potteranderson.com
          rslaugh@potteranderson.com

            - and -

   James S. Carr, Esq.
   Benjamin D. Feder, Esq.
   Sean T. Wilson, Esq.
   Kelley Drye & Warren LLP
   3 World Trade Center
   175 Greenwich Street
   New York, NY 10007
   Telephone: (212) 808-7800
   Facsimile: (212) 808-7897
   Email: jcarr@kelleydrye.com
          bfeder@kelleydrye.com
          swilson@kelleydrye.com


Counsel for Medley Capital LLC:

   Gregory A. Taylor, Esq.
   Ashby & Geddes, P.A.
   500 Delaware Avenue, 8th Floor
   P.O. Box 1150
   Wilmington, DE 19899
   Telephone: (302) 654-1888
   Facsimile: (302) 654-2067
   Email: gtaylor@ashby-geddes.com

          - and -

   Justin Rawlins, Esq.
   Paul Hastings LLP
   515 South Flower Street, 25th Floor
   Los Angeles, CA 90071
   Telephone: (213) 683-6130
   Facsimile: (213) 996-3130
   Email: justinrawlins@paulhastings.com

          - and -

   Matthew Micheli, Esq.
   Brendan M. Gage, Esq.
   Paul Hastings LLP
   71 S. Wacker Drive, 45th Floor
   Chicago, IL 60606
   Telephone: (312) 499-6018
   Facsimile: (312) 499-6118
   Email: mattmicheli@paulhastings.com
          brendangage@paulhastings.com

                         About Medley LLC

Medley LLC, through its direct and indirect subsidiaries, including
Medley Capital LLC, is an alternative asset management firm
offering yield solutions to retail and institutional investors.  It
provides investment management services to a permanent capital
vehicle, long-dated private funds, and separately managed accounts,
and serves as the general partner to the private funds. Medley is
headquartered in New York City and incorporated in Delaware.

As of Sept. 30, 2020, Medley had $3.4 billion of assets under
management in two business development companies, Medley Capital
Corporation (NYSE: MCC) and Sierra Income Corporation, and several
private investment vehicles.  Over the past 18 years, Medley has
provided capital to over 400 companies across 35 industries in
North America.

Medley filed a Chapter 11 bankruptcy petition (Bankr. D. Del. Case
No. 21-10526) on March 7, 2021.  The Debtor disclosed $5,422,369 in
assets and $140,752,116 in liabilities as of March 2, 2021.

The Debtor tapped Lowenstein Sandler LLP and Morris James LLP as
bankruptcy counsel, Eversheds Sutherland (US) LLP as special
counsel, B. Riley Securities Inc. as investment banker, and
Andersen Tax LLC as tax accountant. Corporation Service Company
serves as the Debtor's independent manager.  Kurtzman Carson
Consultants, LLC is the claims agent.

The U.S. Trustee for Region 3 appointed an official committee of
unsecured creditors on April 22, 2021.  The committee is
represented by Potter Anderson & Corroon, LLP and Kelley Drye &
Warren, LLP.


MERMAID BIDCO: S&P Alters Outlook to Positive, Affirms 'B-' ICR
---------------------------------------------------------------
S&P Global Ratings affirmed its ratings on U.S. virtual data room
(VDR) solutions provider Mermaid BidCo (dba Datasite), including
the 'B-' issuer credit rating.

S&P said, "We are revising the outlook to positive based our
expectation that continued growth in earnings that could result in
leverage sustained below our upgrade threshold of 7x and free
operating cash flow (FOCF)/debt above 10%, notwithstanding
additional investments in sales and marketing."

Continued strong operating performance to drive deleveraging.
Datasite continues to benefit from strong momentum in its business,
as evidenced by the 20% revenue growth year over year (YoY) and 33%
revenue growth year-to-date (YTD), which was driven by expanded
coverage and robust capital markets activity. In fact, the company
led more than 1,000 diligence projects for three consecutive months
in 2021, including an all-time high in March. S&P expects increased
usage of the company's core diligence tool and contributions from
the company's new product offerings will drive top-line growth such
that leverage could improve to the mid-6x area by mid-2022 under
its base-case forecast.

Industrywide deal volume could remain high over the next year. S&P
believes record corporate mergers and acquisitions (M&A) in the
first half of 2021 was driven by three factors:

-- Low borrowing rates and healthy interest coverage (despite
higher leverage);

-- Excess cash on balance sheets; and

-- The need to reposition in a post-pandemic world

On the private-equity side, low rates and reduced cost of funding
incentivized sponsors to borrow aggressively and add leverage to
the balance sheets of portfolio companies. Current conditions are
favorable given low benchmark rates (albeit higher than the peak of
the pandemic) has kept the cost of funding low by historical
standards.

Record tight credit spreads along with pandemic-fueled
uncertainties have fostered cash hoarding. S&P Global Ratings has
surveyed 1,326 speculative-grade companies in North America and
found that median cash reserves are running about 175% above
year-end 2019 levels, reaching about 12% compared with 8% at
year-end 2019. This indicates cash being held beyond what is needed
for operating and debt-servicing. Given that amount of cash on
hand, companies no longer in survival mode may focus on growth and
shareholder payouts supporting M&A and LBO transactions.

Prospects for economic recovery has varied across sectors. For
some, the shifts in consumer behavior triggered or accelerated by
the pandemic will have sustained effects that require repositioning
of business models. The Fed's signal that it will stay the course
on low policy rates has provided favorable conditions for companies
looking to consolidates their positions or grow in the near future.
S&P expects most nonfinancial U.S. corporate sectors to see some
consolidation over the next year, building on the private
equity[right-sponsored M&A transactions in the first half of 2021.

However, restrictive monetary action to curb rising inflation by
the Federal Reserve over the next 12-24 months could result in
lower capital markets activity and, therefore, lower volumes for
Datasite, which could threaten future growth rates.

There could be near-term pressure on margins as Datasite makes
growth investments, but overall earnings will continue to grow.
Datasite launched three new products in 2020, which have been a
drag on profitability given the large investments the company has
made to support the go-to-market strategy. At this stage, the new
offerings contribute only a small percentage of total revenue to
the business, but there is potential longer-term for increased
customer adoption to translate to meaningful top-line growth.
Consequently, S&P expects EBITDA margins will grow by 50-100 basis
points (bps) annually over the next few years on the company's
favorable operating leverage, with very few incremental costs to
support the growth of the new products thereafter. Over the next 12
months, however, profit margins will likely remain under pressure
as Datasite makes the necessary investments to support the initial
ramp-up.

S&P said, "We expect Datasite to generate highly recurring cash
flows over the next 12-24 months. As a software company, Datasite
has very little capital spending requirements, resulting in strong
free cash flow conversion. With over 90% recurring revenue and
strong profitability, Datasite will likely continue to generate
free operating cash flow over the next 12-24 months of around $80
million-$100 million. However, given the company's acquisitive
growth strategy, we do not necessarily expect this cash to go
towards voluntary debt repayment but rather towards acquisitions in
the near term, such as the recent acquisition of Firmex for $96
million.

"Furthermore, we're uncertain about the terms of the shareholder
loan, which is owned by Blackstone, and the sponsors' intentions
longer-term with respect to future leveraging actions (e.g.,
dividend recap). We will monitor the performance of the business
and the actions of the sponsor to determine if there is upside to
the rating."

The positive outlook reflects the potential for upside in the
rating over the next 12 months if Datasite continues its strong
operating performance and improves adoption of its new product
offerings.

S&P said, "We could raise the rating on Datasite if the company
reduces leverage below 7x while sustaining FOCF to debt of 10% or
higher. In this scenario, we envision strong revenue growth of
around 20% through market share gains and increased adoption of VDR
technology as well as prudent cost management. An upgrade would
also require confidence that releveraging risk above 7x for
debt-financed shareholder returns or M&A is low.

"We could revise the outlook to stable if outsized investments in
technology, sales, and marketing to support the ramp-up of new
products or lower volumes on reduced capital market activity result
in leverage remaining above 7x."



MFA FINANCIAL: Egan-Jones Cuts Senior Unsecured Ratings to BB-
--------------------------------------------------------------
Egan-Jones Ratings Company, on October 1, 2021, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by MFA Financial, Inc. to BB- from B+.

Headquartered in New York, New York, MFA Financial, Inc. operates
as a real estate investment trust primarily engaged in the business
of investing, on a leveraged basis, in residential mortgage assets,
including residential mortgage-backed securities and residential
whole loans.




MICH'S MACCS: Seeks Cash Collateral Access
------------------------------------------
Mich's Maccs, LLC asks the U.S Bankruptcy Court for the Southern
District of New York for authority to use cash collateral and
provide adequate protection.

The Debtor requires the use of cash collateral to pay
administrative expenses as they become due and payable during the
period covered by the proposed Budget.

The Debtor launched in 2019, nine months before the COVID-19
pandemic. During the first two years of the Debtor's operations, it
faced several hurdles including the COVID-19 pandemic shut down,
marketing issues, shipping issues, and employment issues. However,
the Debtor has resolved those issues and after some positive PR
over the past three months, the Debtor's sales have increased.
After the Debtor's debt is restructured, it will be able to start
generating a profit.

The Debtor says it has eight creditors that have filed a UCC
Financing Statement perfecting a security interest on all of the
Debtor's assets: First Corporate Solutions, as Representative for
two unknown creditors, United States Small Business Administration,
TD Bank, N.A., LG Funding LLC, Investors Bank, Forward Funding and
Corporation Service Company, as Representative.

The Debtor, however, cannot identify from the UCC Search certain of
its secured creditors that filed a UCC Financial Statement since it
was filed as corporate filing service, including the creditor that
appears to have the first lien on the Debtor's assets.

The value of the Debtor's assets total $32,948.  Accordingly, most
of the Debtor's Secured Creditors are wholly unsecured. However,
until the entity that filed the first UCC Financing Statement on
March 19, 2020, is identified, and the balance owed to that
creditor ascertained, the Debtor cannot determine whether any
portion of the claim of the subsequent creditor, the SBA, is
secured. If the creditor that filed the March 19, 2020 UCC
Financing Statement is owed in excess of $32,948.80, then the SBA
is wholly unsecured and not entitled to adequate protection
payments.

As adequate protection for the Debtor's use of cash collateral, the
Debtor proposes to grant the Secured Creditors replacement liens in
all of the Debtor's pre-petition and post-petition assets and
proceeds, including the cash Collateral and the proceeds of the
foregoing, to the extent that the Secured Creditors had a valid
security interest in said pre-petition assets on the Petition Date
and in the continuing order of priority that existed as of the
Filing Date.

The Replacement Liens will be subject and subordinate only to: (a)
United States Trustee fees payable under 28 U.S.C. Section 1930 and
31 U.S.C Section 3717; (b) professional fees of duly retained
professionals in this Chapter 11 case as may be awarded pursuant to
Sections 330 or 331 of the Code; (c) the fees and expenses of a
hypothetical Chapter 7 trustee to the extent of $10,000; and (d)
the recovery of funds or proceeds from the successful prosecution
of avoidance actions.

In addition to the liens and security interests proposed to be
granted pursuant hereto, the Debtor will continue to make its
monthly debt service payments to the Secured Creditors whose claim
is either wholly or partially secured and in accordance with the
terms set forth therein.

A copy of the motion is available at https://bit.ly/3C3NKoQ from
PacerMonitor.com.

                      About Mich's Maccs, LLC

Mich's Maccs, LLC manufactures and sells artisanal
chocolate-covered coconut treats. MM's re-imagined version of
traditional macaroons, or "maccs," are handcrafted bite-sized
decadent treats with a soft and chewy coconut inside and
hand-dipped into Belgian chocolate on the outside. They are
all-natural and baked in small batches in New York City using their
special process.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 21-11567) on September 3,
2021. In the petition signed by Michelle Goldberg, president, the
Debtor disclosed up to $50,000 in assets and up to $1 million in
liabilities.

Dawn Kirby, Esq., at Kirby Aisner & Curley LLP is the Debtor's
counsel.



MIDTOWN CAMPUS: U.S. Bank Agrees to Proceed with Mediation
----------------------------------------------------------
Midtown Campus Properties, LLC, submitted a First Amended
Disclosure Statement for First Amended Chapter 11 Plan of
Reorganization dated October 14, 2021.

On June 29, 2021, the Debtor filed its Motion to Limit Entitlement
of U.S. Bank, as Indenture Trustee, regarding Post-Petition
Interest, Fees, Costs and Other Charges and Seeking Related
Relief.

Pursuant to the Second Pre-Trial Order, the issues in the 506(b)
Motion will be addressed by the Bankruptcy Court in connection with
the Adversary. The Debtor and U.S. Bank have also agreed to defer
the issues related to U.S. Bank's fees and expenses until a later
date or as otherwise ordered by the Bankruptcy Court.

On August 9, 2021, U.S. Bank filed its Objection to the Disclosure
Statement filed by the Debtor on June 29, 2021 (the "U.S. Bank
Objection"). In the U.S. Bank Objection, U.S. Bank asserted that it
was owed as of August 1, 2021 an amount no less than $95,465,695.57
plus fees, costs, charges, expenses and indemnities comprised of
(i) $77,820,000 of principal, (ii) $13,754,695.57 in accrued and
unpaid interest at the default rate, (iii) $3,891,000 for the
redemption premium, and (iv) U.S. Bank's fees, costs, expenses,
charges and indemnities.

The Debtor has challenged several aspects of U.S. Bank's Claim,
including, without limitation, the request for default interest,
the redemption premium, the Original Issue Discounts and the fees
and costs incurred by U.S. Bank. As a result, the Liquidation
Analysis attached sets forth the amounts that the Debtor asserts
would be due U.S. Bank in the event that its Claim is Allowed as
asserted by U.S. Bank or its Claim is Allowed based on the Debtor's
objections.

In addition, U.S. Bank asserts that it has a right to make a credit
bid on any sale of the Project under section 363(k) of the
Bankruptcy Code. The Debtor has reserved its right to oppose any
such credit bid if and when relevant. Moreover, the Debtor
anticipates that any sale of the Project will be for an amount that
would exceed any allowable credit bid of U.S. Bank.

On Sept. 29, 2021, the Bankruptcy Court entered its Second Amended
Order Setting Filing and Disclosure Requirements for Pretrial and
Trial pursuant to which the Bankruptcy Court set a pre-trial
hearing on Dec. 15, 2021.  The Debtor and U.S. Bank have issued
discovery to each other in the Adversary.

The Debtor and U.S. Bank have agreed to proceed with the mediation
of all disputes between them, including in the Adversary and the
506(b) Pleading.  In connection therewith, the Debtor and U.S. Bank
have selected retired Bankruptcy Judge Robert Gerber to act as
their mediator.  As of the date hereof, the Debtor and U.S. Bank
are discussing the scope, timing and other matters related to the
proposed mediation.

On March 31, 2021, the Bankruptcy Court entered an Order referring
the Sauer Adversary, Objection to Claim and the claims in the
related Alachua Case asserted against Roger Development and RDG to
mediation. After a lengthy evidentiary hearing on Aug. 16, 2021,
the Bankruptcy Court granted the Debtor's request for injunctive
relief as to the Alachua Case and granted the Motion to Abate.

Class 3 consists of Other Secured Claims.  Each Allowed Class 3
Other Secured Claim against the Estate shall be classified in a
separate sub-class within this Class 3 and shall be satisfied and
paid in full from the Net Sales Proceeds generated from the sale of
the Project which secures the Lien of such Allowed Class 3 Other
Secured Claim.

Class 4 consists of Allowed General Unsecured Claims.  Each Allowed
General Unsecured Claim in this Class 4 shall be satisfied and paid
in full, without interest from and after the Petition Date, from
the Available Cash, including the Net Sales Proceeds generated from
the sale of the Project.

           Source of Funding for Plan Distributions

The Debtor asserts that based on positions taken by the Indenture
Trustee during the Chapter 11 Case, including the Indenture
Trustee's demand for post-petition default rate interest which is
the subject of the Section 506(b) Pleadings and the Adversary, the
Debtor has been compelled to proceed with a sale of the Project as
the means for implementation of the Plan in order to maximize the
recovery to all stakeholders in this Chapter 11 Case. As a result,
Distributions to the holders of Allowed Claims and Equity Interests
under the Plan shall be made from Available Cash, including
specifically the Net Sales Proceeds.

The Debtor engaged, and the Bankruptcy Court approved, B. Riley to
conduct a marketing and sale process for the Project. On or about
July 22, 2021, B. Riley commenced and is continuing a marketing
process for the sale of the Project. After B. Riley established
September 8, 2021 as a date for a call for offers, the Debtor
received at least 4 offers for the purchase of the Project in
excess of $100 million each. The Debtor is presently negotiating a
Purchase Agreement for the sale of the Project. The Debtor, through
B. Riley, is also continuing to market the Project to other
interested buyers and is continuing to provide due diligence in
connection therewith.

Once the Debtor enters into the Purchase Agreement with the
Stalking Horse Buyer, and Stalking Horse Buyer goes hard on the
Purchase Agreement, then the Debtor will file the Sale Motion and
seek the expedited entry of the Bidding Procedures Order. In the
event the Debtor thereafter receives any Qualified Bids by the Bid
Deadline, then the Debtor will conduct an auction for the Project.
In the event the Debtor does not receive any Qualified Bids under
the Bidding Procedures Order, then the Debtor will seek approval
from the Bankruptcy Court for the sale of the Project to the
Stalking Horse Buyer at the Sale Hearing pursuant to the Purchase
Agreement.  In the event the Bankruptcy Court approves the sale of
the Project to the Successful Bidder, then the Debtor will proceed
to consummate the sale of the Project.

A full-text copy of the First Amended Disclosure Statement dated
Oct. 14, 2021, is available at https://bit.ly/3vkqEI5 from
PacerMonitor.com at no charge.

Counsel for the Debtor:

     GENOVESE JOBLOVE & BATTISTA, P.A.
     Paul J. Battista, Esq.
     Mariaelena Gayo-Guitian, Esq.
     John K. Olson, Esq.
     Heather L. Harmon. Esq.
     100 Southeast Second Street, 44th Floor
     Miami, FL 33131
     Tel: (305) 349-2300
     Fax: (305) 349-2310
     E-mail: pbattista@gjb-law.com

                About Midtown Campus Properties

Midtown Campus Properties, LLC, is a single asset real estate that
owns the Midtown Apartments. The Midtown Apartments is a 310-unit
student housing apartment complex currently under construction at
104 NW 17th St in Gainesville, Florida, just across from the
University of Florida. It consists of a six-story main building, a
parking garage for resident and public use, and a commercial retail
space.

Each unit includes a full-size kitchen, carpet, tile, and hardwood
floors and be fully furnished. It is located near several Midtown
bars and restaurants frequented by students, and just a couple of
minutes' walk from Ben Hill Griffin Stadium.

Midtown Campus Properties sought Chapter 11 protection (Bankr. S.D.
Fla. Case No. 20-15173) on May 8, 2020.  The Debtor was estimated
to have $50 million to $100 million in assets and liabilities as of
the bankruptcy filing.  

The Honorable Robert A. Mark is the presiding judge.

The Debtor tapped Genovese Joblove & Battista, P.A., as bankruptcy
counsel; and The Bosch Group, Inc., as construction consultants.

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


MIP V WASTE: Moody's Assigns B2 CFR & Rates $500MM Secured Debt B2
------------------------------------------------------------------
Moody's Investors Service assigned MIP V Waste, LLC ("GreenWaste")
a B2 corporate family rating and a B2-PD probability of default
rating. Concurrently, Moody's assigned a B2 rating to GreenWaste's
planned $500 million senior secured credit facility consisting of a
$400 million seven year term loan and a $100 million five year
revolving credit facility. The outlook is stable.

Proceeds from the term loan, together with an equity contribution
from a private infrastructure fund managed by Macquarie
Infrastructure and Real Assets, will be used to acquire MIP V
Waste, LLC, repay existing debt obligations, and fund fees and
expenses.

"GreenWaste is an eco-friendly waste management service provider as
evidenced by its solid landfill diversion rates and associated
recycling and composting capabilities," said Brian Silver, Moody's
Vice President-Senior Analyst. "However, GreenWaste is only a
regional operator with a presence in one state and will generate
less than $400 million of annual revenue for the foreseeable
future," continued Silver.

Assignments:

Issuer: MIP V Waste, LLC

Corporate Family Rating, Assigned B2

Probability of Default Rating, Assigned B2-PD

Senior Secured 1st Lien Term Loan, Assigned B2 (LGD4)

Senior Secured 1st Lien Revolving Credit Facility , Assigned B2
(LGD4)

Outlook Actions:

Issuer: MIP V Waste, LLC

Outlook, Assigned Stable

RATINGS RATIONALE

GreenWaste's ratings are reflective of its modest scale with less
than $400 million of annual revenue. The company's operations are
also regional in nature, located within the highly regulated
Northern and Central California waste markets. Although 60% of
GreenWaste's revenue is derived from the processing and collection
of waste, roughly 22% is exposed to more cyclical construction &
demolition (C&D) debris processing. GreenWaste also has commodity
exposure that represents about 10% of total revenue, but only 5%
net of fixed fee California Redemption Value (CRV) sales. The
company is also private equity owned, which may lead to an
increasingly aggressive financial policy.

However, GreenWaste is a vertically integrated waste service
provider with multiple revenue streams and maintains a solid
presence in the markets that it serves. The company's position is
supported by its well-established geographic footprint in the
California waste space, long-standing relationships with
municipalities, and its focus on landfill diversion and other
eco-friendly endeavors. GreenWaste's materials recovery facilities
(MRF) divert roughly 70% of processed waste away from landfills.

GreenWaste also has good revenue visibility with roughly half being
recurring in nature, owing to multi-year waste collection and
processing contracts with large municipalities. Many of these
contracts contain annual price escalators and are with relatively
affluent and growing municipalities. GreenWaste's focus on landfill
diversion and other eco-friendly endeavors enables the company to
benefit from the current regulatory framework in California, which
encourages composting and recycling. GreenWaste also has moderate
pro forma leverage of 4.2 times debt-to-LTM EBITDA at July 31, 2021
that is expected to approach 4.0 times by the end of 2022. The
company is also expected to generate positive free cash flow of
about $30 million in 2022.

GreenWaste is expected to have good liquidity owing largely to
Moody's expectation that the company will have positive annual free
cash flow while maintaining access to a new $100 million five year
revolving credit facility. The revolver is expected to be undrawn
at close but may be used periodically for working capital needs.

The senior secured credit facility is rated B2, in line with
GreenWaste's B2 CFR. The senior secured credit facility accounts
for the preponderance of debt at the company.

The stable outlook reflects Moody's expectation for 5% revenue
growth in 2022 driven by contractually mandated price increases and
new business wins. Revenue growth together with relatively steady
margins will increase profitability and improve leverage to 4.0
times by the end of 2022.

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

The ratings could be upgraded if the company is able to materially
increase its size and scale while maintaining a focused operating
strategy, as evidenced by an ability to grow without weakening
profitability. Also Moody's would expect the company to sustain
good liquidity and healthy free cash flow.

The ratings could be downgraded if changes in the regulatory
environment occur that adversely affect the business model,
FCF-to-debt is sustained below 5%, or if there is a material
deterioration in liquidity. In addition, if debt-to-EBITDA
increases above 4.5 times, or if the company engages in a debt
financed transaction that significantly weakens credit metrics the
ratings could be downgraded.

Following are some of the preliminary terms in the marketing term
sheet that are subject to change during syndication:

The senior credit facility is expected to contain flexible
covenants for transactions that, if undertaken, could adversely
affect creditors. This includes (but is not limited to) incremental
facility capacity up to the sum of: (a) the greater of $91 million
and the EBITDA equivalent percentage (to be defined); (b) amounts
replacing any terminated commitments or repaid term loans under the
credit agreement; (c) amounts incurred to extend the maturities of
any credit facility; (d) amounts replacing reductions in revolver
commitments and any voluntary prepayments or permanent commitment
reductions on the initial or incremental term loans. An unlimited
additional amount is permitted so long as the First Lien Net
Leverage Ratio does not exceed the greater of (i) 4.75x and (ii) in
the case of permitted acquisitions or other investments, the ratio
immediately prior to incurring such indebtedness. For junior
incremental debt, the Secured Net Leverage Ratio does not exceed
the greater of (i) 5.5x and (ii) if incurred due to a permitted
acquisition or other investment, the ratio immediately prior to
incurring such indebtedness. If incremental debt is unsecured, the
Total Net Leverage Ratio does not exceed the greater of (i) 6.25x
and (ii) in the case of permitted acquisitions or other
investments, the ratio immediately prior to incurring such
indebtedness. Also, there are no express "blocker" provisions that
prohibit the transfer of specified assets to unrestricted
subsidiaries.

The principal methodology used in these ratings was Environmental
Services and Waste Management Companies published in April 2018.

MIP V Waste, LLC (dba "GreenWaste"), headquartered in San Jose,
California provides waste collection, processing and recycling
services. GreenWaste also sells certain materials recovered
throughout the process including aluminum cans, metal, glass, and
cardboard to end users for use in new products. The company also
converts yard trimmings and food waste into organic compost and
mulch products, and processes organic materials for feedstock.
GreenWaste is in the process of being purchased by a private
infrastructure fund managed by Macquarie Infrastructure and Real
Assets ("MIRA"). Greenwaste recognized revenue of $325 million for
the twelve months ended July 31, 2021.


MODA INGLESIDE: Moody's Withdraws Ba3 CFR Following Debt Repayment
------------------------------------------------------------------
Moody's Investors Service withdrew all of Moda Ingleside Energy
Center, LLC's ratings, including its Ba3 Corporate Family Rating,
Ba3-PD Probability of Default Rating and Ba3 rating for its senior
secured credit facilities. These withdrawals follow repayment of
Moda's credit facilities, including the term loan and the revolver,
by Enbridge Inc. (Baa1 stable) upon completing its acquisition of
Moda on October 12, 2021.

Withdrawals:

Issuer: Moda Ingleside Energy Center, LLC

Probability of Default Rating, Withdrawn , previously rated
Ba3-PD, Previously on Review for Upgrade

Corporate Family Rating, Withdrawn , previously rated Ba3,
Previously on Review for Upgrade

Senior Secured Bank Credit Facility, Withdrawn , previously rated
Ba3 (LGD3), Previously on Review for Upgrade

Outlook Actions:

Issuer: Moda Ingleside Energy Center, LLC

Outlook, Changed To Rating Withdrawn From Rating Under Review

RATINGS RATIONALE

Moody's withdrew the ratings because Moda has fully repaid its
senior secured credit facilities. On September 7, 2021, Enbridge
agreed to acquire Moda in an all cash $3 billion deal from Encap
Flatrock Midstream. Please refer to Moody's press release on
September 7, 2021 in which Moody's placed Moda's ratings under
review for upgrade and said that if Moda's secured facilities were
repaid as part of the acquisition, the ratings will be withdrawn.

Moda Ingleside Energy Center, LLC, now wholly owned by Enbridge
Inc. is headquartered in Houston, Texas and provides storage and
export terminalling facility to third-parties.


NATHAN'S FAMOUS: Egan-Jones Hikes Senior Unsecured Ratings to B-
----------------------------------------------------------------
Egan-Jones Ratings Company, on September 21, 2021, upgraded foreign
currency and local currency senior unsecured ratings on debt issued
by Nathan's Famous, Inc. to B- from CCC+.

Headquartered in Jericho, New York, Nathan's Famous, Inc. operates,
franchises, and licenses Nathan's Famous, Miami Subs, Kenny Rogers
Roasters, and Arthur Treachers Fish & Chips fast-food restaurants.



NATURE COAST: Seeks to Hire David Jennis as Bankruptcy Counsel
--------------------------------------------------------------
Nature Coast Emergency Medical Foundation, Inc. seeks approval from
the U.S. Bankruptcy Court for the Middle District of Florida to
hire David Jennis, P.A. to serve as legal counsel in its Chapter 11
case.

The firm's services include:

     (a) taking all necessary action to protect and preserve the
estate of the Debtor, including the prosecution of actions on its
behalf, the defense of any actions commenced against the Debtor,
negotiations concerning any litigation in which the Debtor may be
involved, and objections, when appropriate, to claims filed against
the estate;

     (b) preparing and filing bankruptcy schedules and statement of
financial affairs;

     (c) preparing legal papers;

     (d) advising the Debtor regarding its rights and obligations;


     (e) preparing and filing a Chapter 11 plan and corresponding
disclosure statement, if required; and

     (f) perform all other necessary legal services.

The firm's current rates range from $120 to $160 per hour for
paralegals and from $275 to $500 per hour for attorneys.

David Jennis received a bankruptcy retainer in the amount of
$50,000.

As disclosed in court filings, David Jennis and its attorneys
neither hold nor represent any interest adverse to the Debtor's
estate.

The firm can be reached through:

     David S. Jennis, Esq.
     Daniel E. Etlinger, Esq.
     Jennis Morse Etlinger, Esq.
     606 E. Madison Street
     Tampa, FL 33602
     Telephone: (813) 229-2800
     Email: djennis@jennislaw.com
            detlinger@jennislaw.com
            ecf@jennislaw.com

                   About Nature Coast Emergency
                        Medical Foundation

Nature Coast Emergency Medical Foundation, Inc. --
https://naturecoastems.org/ -- is Citrus County's exclusive,
not-for-profit (501(c)3), Advanced Life Support 9-1-1 emergency
responder and medical transportation provider.  The organization
was established on Oct. 1, 2000.

Nature Coast filed a petition for Chapter 11 protection (Bankr.
M.D. Fla. Case No. 21-02357) on Oct. 2, 2021, listing $7,016,218 in
assets and $4,730,723 in liabilities.  Judge Roberta A. Colton
oversees the case.

David S. Jennis, Esq., at David Jennis, PA, doing business as
Jennis Morse Etlinger, is the Debtor's legal counsel.


NEKTAR THERAPEUTICS: Egan-Jones Keeps CCC- Sr. Unsecured Ratings
----------------------------------------------------------------
Egan-Jones Ratings Company, on September 20, 2021, maintained its
'CCC-' foreign currency and local currency senior unsecured ratings
on debt issued by Nektar Therapeutics. EJR also maintained its 'C'
rating on commercial paper issued by the Company.

Headquartered in San Francisco, California, Nektar Therapeutics is
a biopharmaceutical company.



NEW HOLLAND: Unsecureds to Get 100% from Property Sale/Refinance
----------------------------------------------------------------
New Holland, LLC, filed with the U.S. Bankruptcy Court for the
Central District of California a Disclosure Statement describing
Chapter 11 Plan of Reorganization dated October 14, 2021.

This is a reorganizing plan that provides for payment to holders of
allowed claims over time. The timing of plan payments to particular
creditor groups will depend upon their classification under the
Plan.

Debtor, jointly with 8th Street MB LLC, holds an interest in real
property located at 13511 Mulholland Drive, Beverly Hills, CA 90210
with a present fair market value of $8,700,000 ("Mulholland
Property") and 7 vacant lots with an estimated fair market value of
$26,000,000 ("Vacant Lots").

The Debtor does not have any priority unsecured claims, and the
general unsecured claim have an aggregate total claim balance of
$6,798.  The loans in favor of Grimm Investments have already
matured.  The event precipitating the filing of the present
bankruptcy case was the pending foreclosure sale initiated by Grimm
Investments. Debtor has no other assets besides the Mulholland
Property and the Vacant Lots.

The principal of the Debtor is Patrick R. Kealy, who is the
President, the managing 7 member and a 100% owner of the Debtor.
8th Street MB LLC is another entity owned and 8 controlled by Mr.
Kealy. The ownership interest of the Vacant Lots and the Mulholland
Property is held jointly by the Debtor and 8th Street MB LLC. Mr.
Kealy is also a 100% owner of Rosamond 5 Properties LLC, which is
the entity that will be obtaining the financing from Capital2Market
in order to satisfy the Debtor's obligations in full.

Classes of Secured Claims (Class 1):

     * CLASS 1(A) consists of Los Angeles County Treasurer and Tax
Collector ("LACT") with a $1,207,454.96 claim secured by the
Mulholland Property and Vacant Lots. The claim of LACT will be paid
in full through the plan at the applicable 18% interest rate
through either the refinancing or the sale of the Mulholland
Property and/or Vacant Lots.

     * CLASS 1(B) consists of Grimm Investments, LLC with a claim
secured by a first position deed of trust in the amount of
$6,364,166.66 ("Grimm Loan #2") as of the Petition date. Debtor
intends to pay off Grimm Loan #1 through the refinancing or sale of
the Mulholland Property and/or Vacant Lots.

     * CLASS 1(C) consists of Grimm Investments, LLC ("Grimm Loan
#2") with a claim secured by a second position deed of trust with
an estimated claim amount of $2,000,000.00 as of the Petition date.
Grimm Loan #2 is cross-collateralized by another real property
owned by Rosemont, which is an entity owned and controlled by
Debtor's principal, Patrick R. Kealy. Debtor intends to pay off
Grimm Loan #2 through the refinancing or sale of the Mulholland
Property and/or Vacant Lots.

Class 2 consists of General Unsecured Claims. Holders of General
Unsecured Claims will receive 100% of their claims upon the Debtor
obtaining the funds through either the refinancing or sale of the
Mulholland Property and/or Vacant Lots.

Class 3 consists of Interest Holders. Debtor's interest holder is
Patrick R. Kealy who is the Debtor's Managing Member and 100%
shareholder. Mr. Kealy is not a creditor of the Debtor and will
retain his equity interest in the Debtor.

The Debtor will fund the Plan from the refinancing or sale of some
or all of its properties which includes the seven vacant lots and
the Mulholland Property.

Option #1: Refinancing with Capital2Market.

     * Debtor's principal, Mr. Kealy, has been working with
Capital2Market to obtain financing to pay off the Debtor's
obligations in full. Mr. Kealy owns another entity called Rosamond
5 Properties LLC which owns a 16.4-acre lot in Rosamond, Kern
County ("Rosamond Property"). The Rosamond Property will be used as
a collateral for Capital2Market's funding.

     * Capital2Market will loan the funds to Rosamond 5 Properties
LLC, and Rosamond 5 Properties LLC will pay off Grimm Loan #1 and
Loan #2 in full, as well as the property taxes and Debtor's general
unsecured creditors in full. Debtopr anticipates getting a
commitment letter from Capital2Market on or before November 5, 2021
regarding the advance of the initial $8 million to Rosamond 5
Properties LLC. If, for some unanticipated reasons, the deal with
Capital2Market does not memorialize, Debtor will consider Option
#2.

Option #2: Development Project with Venture Capital Partners LLC.

     * On October 11, 2021, Debtor received a Letter of Intent to
refinance from Venture Capital Partners LLC ("VCP"). VCP has been
reviewing a number of projects, including the development of a
multi-lot property on Mulholland Drive, which property (the
Mulholland Property and the seven lots) is owned by the Debtor
jointly with 8th Street MB LLC. If Debtor's efforts to obtain the
funds through Option #1 fail, Debtor will consider VCP's proposal,
and once an agreement is reached, the necessary motion to obtain
this Court's approval will be filed. If Debtor proceeds with Option
#2, Debtor anticipates receiving the funds in or about March 2022
to pay off all obligations in full.

Option #3: Sale of Debtor's Properties

     * On or about September 27, 2021, Debtor's principal met with
the owner of Yucca Valley Property LLC ("Potential Buyer") for the
Vacant Lots and the Mulholland Property. On September 28, 2021, the
Potential Buyer made an offer to purchase the Vacant Lots and the
Mulholland Property. On or about October 8, 2021, Debtor submitted
a counter offer to the Potential Buyer. The negotiations are still
ongoing, and if the Potential Buyer agrees to the Debtor's proposed
counter offer, the terms will be memorialized in writing and a Sale
Motion will be filed with this Court. The proceeds from the sale
will be sufficient to satisfy all of the Debtor's obligations in
full.

A full-text copy of the Disclosure Statement dated October 14,
2021, is available at https://bit.ly/2YSneAi from PacerMonitor.com
at no charge.

Attorney for Debtor:

     Michael Jay Berger, Esq.
     Law Offices of Michael Jay Berger
     9454 Wilshire Boulevard, 6th Floor
     Beverly Hills, CA 90212-2929
     Tel: (310) 271-6223
     Fax: (310) 271-9805
     Email: michael.berger@bankruptcypower.com

                        About New Holland

New Holland, LLC, filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 21
16454) on Aug. 13, 2021, disclosing up to $50 million in assets and
up to $10 million in liabilities.  New Holland President Patrick R.
Kealy signed the petition.  Judge Barry Russell oversees the case.
The Law Offices of Michael Jay Berger serves as the Debtor's legal
counsel.


NRG ENERGY: Egan-Jones Keeps BB Senior Unsecured Ratings
--------------------------------------------------------
Egan-Jones Ratings Company, on September 28, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by NRG Energy, Inc.

Headquartered in Houston, Texas, NRG Energy, Inc. owns and operates
a diverse portfolio of power-generating facilities primarily in the
United States.



NUANCE COMMUNICATIONS: Egan-Jones Keeps B+ Sr. Unsecured Ratings
----------------------------------------------------------------
Egan-Jones Ratings Company, on September 24, 2021, maintained its
'B+' foreign currency and local currency senior unsecured ratings
on debt issued by Nuance Communications, Inc.

Headquartered in Burlington, Massachusetts, Nuance Communications,
Inc. provides conversational artificial intelligence solutions.




OCWEN FINANCIAL: Egan-Jones Keeps CCC+ Senior Unsecured Ratings
---------------------------------------------------------------
Egan-Jones Ratings Company, on September 27, 2021, maintained its
'CCC+' foreign currency and local currency senior unsecured ratings
on debt issued by Ocwen Financial Corporation. EJR also maintained
its 'C' rating on commercial paper issued by the Company.

Headquartered in West Palm Beach, Florida, Ocwen Financial
Corporation is diversified financial services holding company.



OFS INTERNATIONAL: Taps NAI Partners as Real Estate Appraiser
-------------------------------------------------------------
OFS International, LLC and its affiliates received approval from
the U.S. Bankruptcy Court for the Southern District of Texas to
employ NAI Partners to appraise their real estate located in
Houston and Odessa, Texas.

NAI Partners will receive a flat fee of $23,000, inclusive of
expenses.

As disclosed in court filings, NAI Partners is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Gary S. Brown, II, MAI
     NAI Partners
     1360 Post Oak Boulevard Suite 1900
     Houston, TX 77056
     Phone: 713-275-9643
     Email: gary.brown@naipartners.com

                      About OFS International

OFS International, LLC is a provider of oil and gas production and
processing equipment and services, with its headquarters in
Houston, Texas, and operations in the Permian, Barnett and
Marcellus regions.  It provides field services, inspections,
couplings, threading and accessories to the oil and gas industry.

OFS International and affiliates, OFSI Holding LLC and Threading
and Precision Manufacturing LLC, sought Chapter 11 protection
(Bankr. S.D. Texas Lead Case No. 21-31784) on May 31, 2021.  In the
petition signed by chief financial officer Alexey Ratnikov, OFS
International disclosed assets of up to $50 million and liabilities
of up to $100 million.

The cases are handled by Judge David R. Jones.  

The Debtors tapped Porter Hedges, LLP as bankruptcy counsel, Ahmad
Zavitsanos Anaipakos Alavi & Mensing, P.C. as special counsel, and
Chiron Financial, LLC as investment banker and financial advisor.
BMC Group, Inc. is the Debtors' claims agent.             

Sandton Capital Solutions Master Fund V, LP, the Debtors' DIP
lender, is represented by McGuirewoods, LLP.

On Sept. 30, 2021, the Debtors filed with the court a combined
disclosure statement and plan of reorganization.


OLMSTEAD BROTHERS: Taps Kutner Brinen as Bankruptcy Counsel
-----------------------------------------------------------
Olmstead Brothers Well Service, Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Colorado to hire Kutner Brinen
Dickey Riley, P.C. to serve as legal counsel in its Chapter 11
case.

The firm's services include:

     (a) providing the Debtor with legal advice with respect to its
powers and duties;

     (b) assisting the Debtor in the development of a plan of
reorganization under Chapter 11;

     (c) filing the necessary legal papers, reports and actions
that may be required in the continued administration of the
Debtor's property under Chapter 11;

     (d) taking necessary actions to enjoin and stay until a final
decree the continuation of pending proceedings and to enjoin and
stay until a final decree the commencement of lien foreclosure
proceedings and all matters as may be provided under Section 362 of
the Bankruptcy Code; and

     (e) performing all other necessary legal services.

The firm's hourly rates are as follows:

     Jeffrey S. Brinen, Esq.      $500 per hour
     Jenny M. Fujii, Esq.         $410 per hour
     Keri L. Riley, Esq.          $350 per hour
     Jonathan M. Dickey, Esq.     $350 per hour
     Contract Attorney, Esq.      $350 per hour
     Law Clerk                    $100 per hour

Keri Riley, Esq., partner at Kutner, disclosed in a court filing
that he is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Keri L. Riley, Esq.
     Kutner Brinen Dickey Riley, P.C.
     1660 Lincoln Street, Suite 1720
     Denver, CO 80264
     Telephone: (303) 832-2400
     Email: klr@kutnerlaw.com

                      About Olmstead Brothers

Olmstead Brothers Well Service, Inc. filed a petition for Chapter
11 protection (Bankr. D. Colo. Case No. 21-15212) on Oct. 14, 2021,
listing as much as $500,000 in both assets and liabilities. Cameron
R. Olmstead, president of Olmstead Brothers, signed the petition.
Judge Elizabeth E. Brown oversees the case.  The Debtor tapped Keri
L. Riley, Esq., at Kutner Brinen Dickey Riley, P.C. as legal
counsel.


OMNIQ CORP: Gets $1.8M Purchase Order for Data Collection Solution
------------------------------------------------------------------
omniQ Corp. has received a purchase order with a total value of
approximately $1.8 million from a Fortune 500 leading IT supply
chain provider with more than 100,000 customers in over 100
countries, generating more than $20 billion in annual revenue.

The seven-figure order comes from a long-term customer for the
implementation of Zebra data collection hardware.  Implementation
of these devices will complete their move from WM to Android.

The purchase order includes rugged mobile computers (IoT) to be
used in conducting automation of processes, digital monitoring and
control and efficiencies throughout the supply chain level.
OMNIQ's suite of supply chain mobility solutions, which includes
rugged handheld mobile computers, 2D Scanners and barcode printers
with fast and dependable wireless connection, enable quick and
accurate data collection, tracking and processing for critical
supermarket functions, such as shipping and receiving and inventory
and warehouse management.  These devices provide a more
"contactless" approach to the customer's retail and logistics
operations, and will be integrated with the corporate automated
services.

"Strong momentum continues with this $1.8 million order from one of
the largest IT supply chain providers in the world and long-term
customer of omniQ," said Shai Lustgarten, CEO of OMNIQ.  "Our
long-standing relationship and repeat business reflect the enduring
quality and technology leadership of omniQ solutions that form a
strong base for future growth."

                         About omniQ Corp.

Headquartered in Salt Lake City, Utah, omniQ Corp. (OTCQB: OMQS) --
http://www.omniq.com-- provides computerized and machine vision
image processing solutions that use patented and proprietary AI
technology to deliver data collection, real time surveillance and
monitoring for supply chain management, homeland security, public
safety, traffic & parking management and access control
applications. The technology and services provided by the Company
help clients move people, assets and data safely and securely
through airports, warehouses, schools, national borders, and many
other applications and environments.

Omniq Corp. reported a net loss attributable to common stockholders
of $11.31 million for the year ended Dec. 31, 2020, compared to a
net loss attributable to common stockholders of $5.31 million for
the year ended Dec. 31, 2019. As of June 30, 2021, the Company had
$35.86 million in total assets, $44.50 million in total
liabilities, and a total stockholders' deficit of $8.64 million.

Salt Lake City, Utah-based Haynie & Company, the Company's auditor
since 2019, issued a "going concern" qualification in its report
dated March 31, 2021, citing that the Company has a deficit in
stockholders' equity, and has sustained recurring losses from
operations.  This raises substantial doubt about the Company's
ability to continue as a going concern.


OUTFRONT MEDIA: Egan-Jones Keeps CCC Senior Unsecured Ratings
-------------------------------------------------------------
Egan-Jones Ratings Company, on September 30, 2021, maintained its
'CCC' foreign currency and local currency senior unsecured ratings
on debt issued by OUTFRONT Media Inc. EJR also maintained its 'C'
rating on commercial paper issued by the Company.

Headquartered in New York, New York, OUTFRONT Media Inc. leases
advertising space on out-of-home advertising structures and sites.



PAR LIMITED: Case Summary & 6 Unsecured Creditors
-------------------------------------------------
Debtor: Par Limited Partnership
        3935 Oyster House Road
        Broomes Island, MD 20615

Chapter 11 Petition Date: October 18, 2021

Court: United States Bankruptcy Court
       District of Maryland

Case No.: 21-16576

Debtor's Counsel: Steven L. Goldberg, Esq.
                  MCNAMEE, HOSEA, JERNIGAN, KIM, GREENAN &
                  LYNCH, P.A.
                  6411 Ivy Lane, Ste. 200
                  Greenbelt, MD 20770
                  Tel: (301) 441-2420
                  E-mail: sgoldberg@mhlawyers.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Louis P. Stone, III as general partner.

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

https://www.pacermonitor.com/view/VZBF6DQ/Par_Limited_Partnership__mdbke-21-16576__0001.0.pdf?mcid=tGE4TAMA


PATH MEDICAL: Sandra Zervoudakis Named Patient Care Ombudsman
-------------------------------------------------------------
Mary Ida Townson, United States Trustee for Region 21, appointed
Sandra Zervoudakis as Patient Care Ombudsman for Path Medical,
LLC.

The PCO may be reached at:

   Sandra Zervoudakis M.S., LMHC, CAP
   6123 NW 31st Avenue
   Boca Raton, FL 33496
   Telephone: (954) 254-6773
   Email: Sandra16m@Yahoo.com

A copy of the notice of appointment is available for free at
https://bit.ly/3DMwF3j from PacerMonitor.com.

                        About Path Medical

Path Medical Center Holdings, Inc. and Path Medical, LLC filed
their voluntary petitions for Chapter 11 protection (Bankr. S.D.
Fla. Lead Case No. 21-18339) on Aug. 28, 2021.  Manual Fernandez,
chief executive officer, signed the petitions.  

At the time of filing, Path Medical Center listed $220,060 in
assets and $76,988,419 in liabilities while Path Medical listed
$30,047,477 in assets and $86,494,715 in liabilities.

Judge Scott M. Grossman oversees the cases.

The Debtors tapped Edelboim Lieberman Revah Oshinsky PLLC as
bankruptcy counsel, Foley & Lardner, LLP as special counsel, and
Davis Goldman, PLLC as litigation counsel.  KapilaMukamal, LLP
serves as the Debtors' financial advisor.



PATH MEDICAL: Seeks to Hire Keefe McCullough as ESOP Auditor
------------------------------------------------------------
Path Medical Center Holdings, Inc. and Path Medical, LLC seek
approval from the U.S. Bankruptcy Court for the Southern District
of Florida to hire Keefe McCullough Co, LLP CPAs to provide
employee stock ownership plan (ESOP) audit services.

The Debtors' Employee Stock Ownership Plan, a tax-qualified
retirement plan that is designed to invest primarily in employer
stock, is subject to the annual reporting and audit requirements of
ERISA and requires annual audits by an independent qualified public
accountant as part of the plan's annual report.

Keefe McCullough estimated the cost of its services at $14,000.

As disclosed in court filings, Keefe McCullough is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     William G. Benson, CPA
     Keefe McCullough Co, LLP CPAs
     6550 N Federal Hwy # 410
     Fort Lauderdale, FL 33308
     Phone: +1 954-771-0896

                        About Path Medical

Path Medical Center Holdings, Inc. and Path Medical, LLC filed
their voluntary petitions for Chapter 11 protection (Bankr. S.D.
Fla. Lead Case No. 21-18339) on Aug. 28, 2021.  Manual Fernandez,
chief executive officer, signed the petitions.  

At the time of filing, Path Medical Center listed $220,060 in
assets and $76,988,419 in liabilities while Path Medical listed
$30,047,477 in assets and $86,494,715 in liabilities.

Judge Scott M. Grossman oversees the cases.

The Debtors tapped Edelboim Lieberman Revah Oshinsky PLLC as
bankruptcy counsel, Foley & Lardner, LLP as special counsel, and
Davis Goldman, PLLC as litigation counsel.  KapilaMukamal, LLP and
Keefe McCullough Co, LLP CPAs serve as the Debtors' financial
advisor and ESOP auditor, respectively.


PATTERSON COMPANIES: Egan-Jones Cuts Senior Unsecured Ratings to BB
-------------------------------------------------------------------
Egan-Jones Ratings Company, on September 27, 2021, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Patterson Companies Inc. to BB from B+.

Headquartered in Saint Paul, Minnesota, Patterson Companies Inc.
distributes dental products, veterinary supplies for companion
pets, and rehabilitation supplies.




PENN NATIONAL: Egan-Jones Keeps CCC Senior Unsecured Ratings
------------------------------------------------------------
Egan-Jones Ratings Company, on September 27, 2021, maintained its
'CCC' foreign currency and local currency senior unsecured ratings
on debt issued by Penn National Gaming, Inc. EJR also maintained
its 'C' rating on commercial paper issued by the Company.

Headquartered in Wyomissing, Pennsylvania, Penn National Gaming,
Inc. owns and operates Charles Town Races in West Virginia which
features slot machines, casinos in Mississippi, and a riverboat
gaming facility in Louisiana.



PHILIPPINE AIRLINES: Unsecured Trade Claimants to Recover 100%
--------------------------------------------------------------
Philippine Airlines, Inc. filed with the U.S. Bankruptcy Court for
the Southern District of New York a Chapter 11 Plan of
Reorganization and a Disclosure Statement on October 14, 2021.

The Debtor's extensive efforts to obtain creditor support for the
Debtor's restructuring culminated in numerous Restructuring Support
Agreements with the Supporting Creditors, which contemplate the
continuation of the Debtor's business by streamlining ongoing
operations and reorganizing prepetition obligations. The agreements
under the Restructuring Support Agreements and the implementation
of the Plan are aimed at ensuring PAL's long-term survival as a
leaner and more efficient airline.  As of Oct. 14, 2021, the Debtor
has entered into Restructuring Support Agreements with creditors
holding over 90% of the claims in the Voting Class.

After extensive arms-length negotiations, prior to the Petition
Date, the Debtor executed numerous restructuring support agreements
(each, a "Restructuring Support Agreement", and collectively the
"Restructuring Support Agreements") with the Supporting Creditors,
which were approved by the Court on October 1, 2021. The
Restructuring Support Agreements form the backbone and framework
for the Plan.

The Restructuring Support Agreements and the Chapter 11 Case are
also dependent upon the DIP Facility being provided by two of the
Debtor's controlling parent companies, Buona Sorte and PAL
Holdings, which was the result of an extensive prepetition
marketing process to obtain the most favorable terms.

Buona Sorte Holdings, Inc., is a Philippine corporation that
directly owns approximately 60% of the equity of Trustmark Holdings
Corporation,  a Philippine Corporation, which in turn directly owns
76.9% of the  equity of PAL Holdings, Inc., a Philippine
corporation, which in turn directly owns approximately 98.57% of
the equity of the Debtor. Billionaire CEO Lucio Tan owns Buona
Sorte.

The Debtor negotiated a $505 million DIP loan (the "DIP Facility")
from the DIP Lenders that, upon emergence and as a result of the
Debtor's election to exercise the Tranche A Conversion Option and
Tranche B Conversion Option, will convert into long-term equity and
unsecured debt financing for the duration of its original term, at
the election of, and on terms favorable to, PAL.

The DIP Facility consists of a (i) $250 million Tranche A facility
that is secured by certain of the Debtor's unencumbered assets
(primarily the Debtor's frequent flier program and certain
aircraft) and (ii) $255 million Tranche B facility that is secured
by a junior interest in the Tranche A facility collateral.  Each of
the tranches of the DIP Facility benefits from superpriority
administrative claim priority in the Chapter 11 Case. The DIP
Facility provides the Debtor with sufficient working capital and
liquidity during its Chapter 11 Case, and enables the Debtor to
have a suitable and efficient capital structure upon emergence.

The Debtor is also soliciting offers for up to $150 million of
additional debt financing from new investors to ensure an adequate
liquidity cushion post-emergence to facilitate post-restructuring
operations.  This exit facility will be secured by the same assets
that will secure the DIP Facility during the Chapter 11 Case, plus
the Mabuhay Miles program.

Overall, the Plan will bring PAL into sustained profitability.  By
the end of 2022, PAL expects to exit its recovery phase as
operating activities generate more consistent positive monthly cash
flow.  PAL expects an operating income of $220 million in 2022 and
$364 million in 2023.  Based on the projections and available data,
EBITDAR margins are expected to improve from 2% in 2020 to 7% in
2021 and by as much as 27% in 2025.

To consummate the restructuring transactions set forth in the
Restructuring Support Agreements and the Plan and emerge from
chapter 11 as expeditiously as possible, the Debtor and its
stakeholders invested significant resources in achieving consensus
prepetition, including negotiating and taking steps to implement
the Restructuring Support Agreements prior to the Petition Date.
Importantly, the Restructuring Support Agreements and Plan are
designed to ensure that the restructuring will have minimal effects
on the Debtor's business operations and to ensure there is a clear
and efficient path to emergence.

The Plan generally provides for the following:
       
     * The Tranche A DIP Facility will convert to unsecured debt
maturing approximately 5 years after the anticipated Effective
Date, and the Tranche B DIP Facility will convert into 79.5% of the
New Common Stock of the Reorganized Debtor.

     * The Supporting Creditors and other holders of Allowed
General Unsecured Claims will receive their respective Pro Rata
shares of the Unsecured New Equity Allocation on account of their
pre-petition General Unsecured Claims.

     * General Unsecured Trade Claims, Employee Claims and Customer
Claims shall be paid, adjusted, disputed, or settled, in the
ordinary course of business.

     * The Debtor's Unsecured Notes will be cancelled and each
holder of an Allowed General Unsecured Claim on account thereof
will receive its Pro Rata share of the Unsecured New Equity
Allocation.

     * The recoveries provided to holders of General Unsecured
Claims, as well as the payment of all Employee Claims, Customer
Claims and General Unsecured Trade Claim in full, are being carved
out of the value that would otherwise be used to satisfy the DIP
Claims and would not otherwise be available to holders of such
unsecured Claims without the consent of the DIP Lenders, which
consent was obtained in connection with good-faith, arms'-length
negotiations regarding the Restructuring Support Agreements.

     * All Priority Non-Tax Claims, Other Secured Claims, General
Unsecured Trade Claims, Employee Claims, Customer Claims, and
Intercompany Claims are unimpaired by the Plan and will be
satisfied in the ordinary course of business.

     * All existing equity interests of the Debtor (including
common stock, preferred stock and any options, warrants, profit
interest units, or rights to acquire any equity interests) shall be
reduced to 0.001% of its current amount and value by the New Common
Stock. Philippine law generally prohibits the cancellation of such
shares for no consideration, but the dilution of the existing
equity interests is meant to approximate such treatment.

     * The possibility of a commitment for a $150 million Secured
Exit Facility from new investors to ensure that PAL has adequate
liquidity to operate post-emergence.

Class 3 consists of General Unsecured Claims. Except to the extent
that a holder of an Allowed General Unsecured Claim agrees to a
less favorable treatment of such Claim or has been paid before the
Effective Date, on and after the Effective Date, in full and final
satisfaction, settlement, release, and discharge of, and in
exchange for, such Claim, such holder will receive its Pro Rata
share of the Unsecured New Equity Allocation. This Class will
receive a distribution of approximatey 1% of their allowed claims.

Class 4 consists of General Unsecured Trade Claims. Except to the
extent that a holder of a General Unsecured Trade Claim agrees to a
less favorable treatment of such Claim or has been paid before the
Effective Date, on and after the Effective Date, in full and final
satisfaction, settlement, release, and discharge of, and in
exchange for, such Claim, (i) the Reorganized Debtor shall continue
to pay or treat each General Unsecured Trade Claim in the ordinary
course of business as if the Chapter 11 Case had never been
commenced, or (ii) such holder will receive such other treatment so
as to render such holder's Allowed General Unsecured Trade Claim
Unimpaired pursuant to section 1124 of the Bankruptcy Code.  This
Class will receive a distribution of 100% of their allowed claims.

A full-text copy of the Disclosure Statement dated Oct. 14, 2021,
is available at https://bit.ly/3FY62u2 from Kurtzman Carson
Consultants, LLC, the claims agent.

Counsel for the Debtor:

     Jasmine Ball, Esq.
     Nick S. Kaluk, III, Esq.
     Elie J. Worenklein, Esq.
     Debevoise & Plimpton LLP
     919 Third Avenue
     New York, NY 10022
     Telephone: (212) 909-6000
     Facsimile: (212) 909-6836

                  About Philippine Airlines Inc.

Philippine Airlines, Inc., is the flag carrier of the Philippines
and the country's only full-service network airline. PAL was the
first commercial airline in Asia and marked its 80th anniversary in
March 2021. PAL's young fleet of Boeing 777s, Airbus A350s, Airbus
A330s, Airbus A321s and De Havilland DHC Q400 aircraft operate out
of hubs in Manila, Cebu and Davao to 29 destinations in the
Philippines and 32 destinations in Asia, North America, Australia,
Europe and the Middle East. PAL was rated a 4-Star Global Airline
by Skytrax in 2018 and a 5-Star Major Airline by the Association of
Airline Passengers (APEX) in 2020, and was likewise voted the
World's Most Improved Airline in the 2019 Skytrax worldwide
passenger survey with a ranking of 30th best airline in the world.

On Sept. 3, 2021, Philippine Airlines, Inc. (PAL) filed a voluntary
petition for relief under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. S.D. N.Y. Case No. 21-11569) to seek approval of a
restructuring plan negotiated with lenders and lessors.

As of July 31, 2021, the Debtor's overall assets and liabilities
were approximately $4.1 billion and $6.07 billion, respectively.

The Honorable Shelley C. Chapman is the case judge.

The Debtor tapped Debevoise & Plimpton LLP as general bankruptcy
counsel; Norton Rose Fulbright as special counsel; and Seabury
Securities LLC and Seabury International Corporate Finance LLC as
restructuring advisor and investment banker. Angara Abello
Concepcion Regala & Cruz (ACCRA) is acting as legal advisor in the
Philippines. Kurtzman Carson Consultants, LLC is the claims and
noticing agent.

Buona Sorte Holdings, Inc. and PAL Holdings Inc., as DIP lenders,
are represented by White & Case LLP.


PHUNWARE INC: Settles Uber Lawsuit for $6 Million
-------------------------------------------------
As a result of Phunware, Inc. remitting the final installment
payment to Uber Technologies, Inc., on Oct. 13, 2021, Uber's
complaint against the Company was dismissed with prejudice.

On Oct. 9, 2020, Phunware entered into a settlement agreement with
Uber and certain other parties related to the Company's complaint
against Uber, Uber's cross-complaint against the Company and Uber's
amended cross-complaint against the Company and certain individual
defendants.  As provided in the settlement agreement, both parties
agreed to fully and finally settle, compromise, and resolve all
disputes, differences and disagreements that have existed, now
exist, or may exist between them that fall within the subject
matter lawsuit.  Furthermore, each party denies engaging in any
wrongdoing whatsoever and specifically denies each and every
allegation of wrongdoing alleged in the lawsuit.  The settlement
agreement provided that the Company and its insurance carriers pay
a total sum of $6,000,000 to Uber, of which the Company's insurance
carrier paid $1,500,000 to settle Uber's claims against the
individual defendants while the Company paid a total of $4,500,000,
with the final installment paid by the Company to Uber in September
2021.

                           About Phunware

Headquartered in Austin, Texas, Phunware, Inc. --
http://www.phunware.com-- offers a fully integrated software
platform that equips companies with the products, solutions and
services necessary to engage, manage and monetize their mobile
application portfolios globally at scale.

Phunware reported a net loss of $22.20 million for the year ended
Dec. 31, 2020, compared to a net loss of $12.87 million for the
year ended Dec. 31, 2019.  As of June 30, 2021, the Company had
$34.21 million in total assets, $23.73 million in total
liabilities, and $10.48 million in total stockholders' equity.


PURDUE PHARMA: ASK, W&C 2nd Update on Personal Injury Claimants
---------------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firms of ASK LLP and White & Case LLP submitted a second
amended verified statement to disclose an updated list of Ad Hoc
Group Members that they are representing in the Chapter 11 cases of
Purdue Pharma L.P., et al.

The Ad Hoc Group is comprised of 60,761 personal injury claimants,
each of which is a member of the Ad Hoc Group.  The Ad Hoc Group
Members are, individually, clients of ASK LLP and Andrews &
Thornton in the above-captioned chapter 11 cases.  ASK and A&T
retained White & Case LLP to serve as co-counsel to the Ad Hoc
Group in March 2020.  Each of the Ad Hoc Group Members holds one or
more unsecured, unliquidated, opioid-related personal injury claims
against one or more of the Debtors.

The names and addresses of the Ad Hoc Group Members constitute
"Personally Identifying Information" as that term is defined in the
Third Amended Protective Order. Protective Order 26. Pursuant to
the Protective Order, "Personally Identifying Information" shall be
treated as confidential information and protected from disclosure.
As such, the names and addresses of the individual Ad Hoc Group
Members are not listed in this Statement.

The undersigned verifies that the foregoing is true and correct to
the best of his knowledge.

The Ad Hoc Group Members make no representation with respect to the
amount, allowance, validity, or priority of their claims and
reserve all rights with respect thereto.  Nothing contained herein
should be construed as a limitation upon, or waiver of, any Ad Hoc
Group Member's right to assert, file, and/or amend its claim(s) in
accordance with applicable law and any orders entered in these
Chapter 11 Cases establishing procedures for filing proofs of
claim.

The Ad Hoc Group reserves the right to amend and/or supplement this
Statement in accordance with Bankruptcy Rule 2019.

Co-Counsel for Ad Hoc Group of Individual Victims of Purdue Pharma
L.P., et al. can be reached at:

          ASK LLP
          Edward E. Neiger, Esq.
          Jennifer A. Christian, Esq.
          60 East 42nd Street, 46th Floor
          New York, NY 10165
          Tel: (212) 267-7342
          Fax: (212) 918-3427
          E-mail: eneiger@askllp.com
                  jchristian@askllp.com

             - and -

          WHITE & CASE LLP
          Thomas E Lauria, Esq.
          Laura L. Femino, Esq.
          Southeast Financial Center, Suite 4900
          200 South Biscayne Boulevard
          Miami, FL 33131
          Tel: (305) 371-2700
          Fax: (305) 358-5744
          E-mail: tlauria@whitecase.com
                  laura.femino@whitecase.com

          J. Christopher Shore, Esq.
          Michele J. Meises, Esq.
          Alice Tsier, Esq.
          1221 Avenue of the Americas
          New York, NY 10020
          Tel: (212) 819-8200
          Fax: (305) 358-5744
          E-mail: cshore@whitecase.com
                  michele.meises@whitecase.com
                  alice.tsier@whitecase.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://bit.ly/3DPA5Ct

                      About Purdue Pharma LP

Purdue Pharma L.P. and its subsidiaries --
http://www.purduepharma.com/-- develop and provide prescription
medicines and consumer products that meet the evolving needs of
healthcare professionals, patients, consumers and caregivers.

Purdue's subsidiaries include Adlon Therapeutics L.P., focused on
treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) and
related disorders; Avrio Health L.P., a consumer health products
company that champions an improved quality of life for people in
the United States through the reimagining of innovative product
solutions; Imbrium Therapeutics L.P., established to further
advance the emerging portfolio and develop the pipeline in the
areas of CNS, non-opioid pain medicines, and select oncology
through internal research, strategic collaborations and
partnerships; and Greenfield Bioventures L.P., an investment
vehicle focused on value-inflection in early stages of clinical
development.

Opioid makers in the U.S. are facing pressure from a crackdown on
the addictive drug in the wake of the opioid crisis and as state
attorneys general file lawsuits against manufacturers.  More than
2,000 states, counties, municipalities and Native American
governments have sued Purdue Pharma and other pharmaceutical
companies for their role in the opioid crisis in the U.S., which
has contributed to the more than 700,000 drug overdose deaths in
the U.S. since 1999.

OxyContin, Purdue Pharma's most prominent pain medication, has been
the target of over 2,600 civil actions pending in various state and
federal courts and other fora across the United States and its
territories.

On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
19-23649), after reaching terms of a preliminary agreement for
settling the massive opioid litigation.  The Debtors' consolidated
balance sheet as of Aug. 31, 2019, showed $1.972 billion in assets
and $562 million in liabilities.

U.S. Bankruptcy Judge Robert Drain oversees the cases.   

The Debtors tapped Davis Polk & Wardwell, LLP and Dechert, LLP as
legal counsel; PJT Partners as investment banker; AlixPartners as
financial advisor; and Grant Thornton, LLP as tax structuring
consultant. Prime Clerk LLC is the claims agent.

Akin Gump Strauss Hauer & Feld LLP and Bayard, P.A., represent the
official committee of unsecured creditors appointed in the
Debtors'
bankruptcy cases.

David M. Klauder, Esq., is the fee examiner appointed in the
Debtors' cases.  The fee examiner is represented by Bielli &
Klauder, LLC.


PURDUE PHARMA: District Judge Rejects Bid to Pause Plan
-------------------------------------------------------
Jeremy Hill of Bloomberg News reports that U.S. District Judge
Colleen McMahon denied a request from a Justice Department unit to
pause implementation of Purdue Pharma LP's opioid settlement while
the deal is appealed.

Judge McMahon in a written ruling said the Justice Department's
main concern -- that its appeal will be made moot by Purdue taking
steps to implement the deal -- is not yet a major issue in part
because the drugmaker can't exit bankruptcy until Dec. 8, 2021 at
the earliest.

At issue is a doctrine called equitable mootness, which can arise
when enough steps have been taken to implement a bankruptcy plan.

                    About Purdue Pharma LP

Purdue Pharma L.P. and its subsidiaries --
http://www.purduepharma.com/-- develop and provide prescription
medicines and consumer products that meet the evolving needs of
healthcare professionals, patients, consumers and caregivers.

Purdue's subsidiaries include Adlon Therapeutics L.P., focused on
treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) and
related disorders; Avrio Health L.P., a consumer health products
company that champions an improved quality of life for people in
the United States through the reimagining of innovative product
solutions; Imbrium Therapeutics L.P., established to further
advance the emerging portfolio and develop the pipeline in the
areas of CNS, non-opioid pain medicines, and select oncology
through internal research, strategic collaborations and
partnerships; and Greenfield Bioventures L.P., an investment
vehicle focused on value-inflection in early stages of clinical
development.

Opioid makers in the U.S. are facing pressure from a crackdown on
the addictive drug in the wake of the opioid crisis and as state
attorneys general file lawsuits against manufacturers. More than
2,000 states, counties, municipalities and Native American
governments have sued Purdue Pharma and other pharmaceutical
companies for their role in the opioid crisis in the U.S., which
has contributed to the more than 700,000 drug overdose deaths in
the U.S. since 1999.

OxyContin, Purdue Pharma's most prominent pain medication, has been
the target of over 2,600 civil actions pending in various state and
federal courts and other fora across the United States and its
territories.

On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
19-23649), after reaching terms of a preliminary agreement for
settling the massive opioid litigation. The Debtors' consolidated
balance sheet as of Aug. 31, 2019, showed $1.972 billion in assets
and $562 million in liabilities.

U.S. Bankruptcy Judge Robert Drain oversees the cases.   

The Debtors tapped Davis Polk & Wardwell, LLP and Dechert, LLP as
legal counsel; PJT Partners as investment banker; AlixPartners as
financial advisor; and Grant Thornton, LLP as tax structuring
consultant. Prime Clerk LLC is the claims agent.

Akin Gump Strauss Hauer & Feld LLP and Bayard, P.A., represent the
official committee of unsecured creditors appointed in the Debtors'
bankruptcy cases.

David M. Klauder, Esq., is the fee examiner appointed in the
Debtors' cases.  The fee examiner is represented by Bielli &
Klauder, LLC.

                          *     *     *

U.S. Bankruptcy Judge Robert Drain in early September 2021 approved
a plan to turn Purdue into a new company (Knoa Pharma LLC) no
longer owned by members of the Sackler family, with its profits
going to fight the opioid epidemic.  The Sackler family agreed to
pay $4.3 billion over nine years to the states and private
plaintiffs and in exchange for a lifetime legal immunity.  The deal
resolves some 3,000 lawsuits filed by state and local governments,
Native American tribes, unions, hospitals and others who claimed
the company's marketing of prescription opioids helped spark and
continue an overdose epidemic.

Separate appeals to approval of the Plan have already been filed by
the U.S. Bankruptcy Trustee, California, Connecticut, the District
of Columbia, Maryland, Rhode Island and Washington state, plus some
Canadian local governments and other Canadian entities.


Q BIOMED: Incurs $1.8 Million Net Loss in Third Quarter
-------------------------------------------------------
Q BioMed, Inc. filed with the Securities and Exchange Commission
its Quarterly Report on Form 10-Q disclosing a net loss of $1.79
million on $45,675 of net sales for the three months ended Aug. 31,
2021, compared to a net loss of $2.26 million on $15,000 of net
sales for the three months ended Aug. 31, 2020.

For the nine months ended Aug. 31, 2021, the Company reported a net
loss of $6.17 million on $90,675 of net sales compared to a net
loss of $10.06 million on $30,000 of net sales for the same period
during the prior year.

As of Aug. 31, 2021, the Company had $601,556 in total assets,
$3.60 million in total liabilities, and a total stockholders'
deficit of $3 million.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1596062/000110465921126758/tmb-20210831x10q.htm

                        About Q BioMed Inc.

Q BioMed Inc. -- http://www.QBioMed.com-- is a biotech
acceleration and commercial stage company.  The Company is focused
on licensing and acquiring undervalued biomedical assets in the
healthcare sector.  Q BioMed is dedicated to providing these target
assets the strategic resources, developmental support, and
expansion capital needed to ensure they meet their developmental
potential, enabling them to provide products to patients in need.

Q Biomed reported a net loss of $13.49 million for the year ended
Nov. 30, 2020, compared to a net loss of $10.28 million for the
year ended Nov. 30, 2019.

New York, NY-based Marcum LLP, the Company's auditor since 2015,
issued a "going concern" qualification in its report dated March 1,
2021, citing that the Company has a significant working capital
deficiency, has incurred significant losses and needs to raise
additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


QUOTIENT LIMITED: Receives Note Holders Consents to Amend Indenture
-------------------------------------------------------------------
Quotient Limited has received unanimous consents from the holders
of its 12% Senior Secured Notes to certain amendments to the
Indenture governing the Notes.

The Indenture Amendments include an 18-month extension of the final
maturity of the Notes to October 2025 and a revision of the Notes'
principal amortization schedule (which previously required
semi-annual payments of principal beginning April 2021) to commence
April 2023.  The revised amortization schedule will defer
approximately $60 million of principal payments over the next two
years.  The interest rate on the Notes and the financial and other
covenants in the Indenture remain unchanged.

In consideration of the Note holders' consents to the amendments,
the Company agreed to issue them an aggregate of 932,772 of the
Company's ordinary shares and 5-year warrants to purchase an
aggregate of 1,844,020 of the Company's ordinary shares for $4 per
share.  The Company believes that this combination of shares and
warrants has an aggregate value of approximately 3.25% of the
outstanding principal amount of the Notes.  The supplemental
indenture reflecting the Indenture Amendments will not become
operative until the Indenture Trustee receives certain materials
from Depository Trust Company participants confirming all Note
holders' instructions.  The Company expects that requirement will
be satisfied later today.

"I am very pleased to have reached an agreement with our existing
Note holders.  This agreement improves our liquidity and provides
us with additional freedom to execute on the commercial launch of
MosaiQ and further advance the MosaiQ pipeline," said Manuel O.
Mendez, chief executive officer of Quotient.  "The continued
support from our existing stakeholders since my arrival has been
tremendous and demonstrates their confidence in the MosaiQ solution
and our Company as a whole."

                      About Quotient Limited

Penicuik, United Kingdom-based Quotient Limited is a
commercial-stage diagnostics company committed to reducing
healthcare costs and improving patient care through the provision
of innovative tests within established markets.  With an initial
focus on blood grouping and serological disease screening, Quotient
is developing its proprietary MosaiQTM technology platform to offer
a breadth of tests that is unmatched by existing commercially
available transfusion diagnostic instrument platforms.  The
Company's operations are based in Edinburgh, Scotland; Eysins,
Switzerland and Newtown, Pennsylvania.

Quotient Limited reported a net loss of $108.47 million for the
year ended March 31, 2021, compared to a net loss of $102.77
million for the year ended March 31, 2020.  As of June 30, 2021,
the Company had $276.55 million in total assets, $328.24 million in
total liabilities, and a total shareholders' deficit of $51.70
million.


R. INVESTMENTS: Disclosure Hearing Continued to Nov. 3
------------------------------------------------------
Judge Elizabeth E. Brown has entered an order within which the
hearing on the adequacy of the Disclosure Statement in Support of
Chapter 11 Plan of Reorganization of Debtor R. Investments, RLLP
set for October 12, 2021, at 11:00 a.m. is vacated and continued to
November 3, 2021 at 11:00 a.m.

A copy of the order dated Oct. 12, 2021, is available at
https://bit.ly/3DO5Mw8 from PacerMonitor.com at no charge.

Counsel for Debtor:

     MOYE WHITE LLP
     Timothy M. Swanson (47267)
     Patrick R. Akers (54803)
     1400 16th Street, 6th Floor
     Denver, Colorado 80202
     Tel: (303) 292-2900
     Fax: (303) 292-4510
     E-mail: tim.swanson@moyewhite.com
             patrick.akers@moyewhite.com

                        About R. Investments

R. Investments, RLLP sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Colo. Case No. 21-11011) on March 4,
2021. CEO William Travis Steffens signed the petition.  At the time
of the filing, the Debtor was estimated to have $500,000 to $1
million in assets and $10 million to $50 million in liabilities.
Judge Elizabeth E. Brown oversees the case.  The Debtor tapped Moye
White, LLP, as bankruptcy counsel and the Law Offices of Silver &
Brown as special counsel.


RED RIVER WASTE: Files for Chapter 11 Bankruptcy Protection
-----------------------------------------------------------
Ohio News Time reports that Red River Waste Solution LP, a company
that has signed a contract to provide garbage collection to the
city of Fort Wayne, has filed for Chapter 11 bankruptcy.

Red River Waste Solution blamed the company's financial recession
for a COVID-19 pandemic.  Specifically, the Red River states that
the pandemic has created a need to hire more workers as more people
stay at home and collect more trash.

The company also said the pandemic made it difficult to hire
additional workers and pick up extra trash. According to filing,
the city fined Red River for failing to meet the terms of the
contract due to poor service.

Earlier this 2022, ABC21 reported that he missed the garbage
picking It seems to be increasing throughout the city, especially
in the West Central District, which is complaining about garbage
collection problems.

In a submission Thursday, October 14, 2021, the company stated that
between March 2020 and February 2021, revenues declined by $1
million and costs increased by $1.3 million over the same period.

The company was notified in July 2021 and defaulted on the loan it
took in April last 2020.

In filing, the company lists three options to pursue in the event
of bankruptcy. This includes planning to reorganize or shrink the
company, pursue external financing, or sell in two parts of the
business.

It is not clear whether bankruptcy filings will have an immediate
impact on Fort Wayne's garbage collection.

                About Red River Waste Solutions

Red River Waste Solutions is a company that provides waste
management services. It also offers solid waste and garbage pickup,
recycling, industrial waste collection, disposal, and landfill
management services.

Red River Waste Solutions LP sought Chapter 11 protection (Bankr.
N.D. Tex. Case No. 21-42423) on Oct. 14, 2021.  In its petition,
Red River estimated assets of between $10 million and $50 million
and estimated liabilities of between $50 million and $100 million.
Marcus Alan Helt, of McDermott Will & Emery LLP, is the Debtor's
counsel.


RESULTS FITNESS: Seeks to Hire DeCaro & Howell as Legal Counsel
---------------------------------------------------------------
Results Fitness, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Maryland to employ DeCaro & Howell, P.C. to
serve as legal counsel in its Chapter 11 case.

The firm's services include legal advice regarding the Debtor's
duties under the Bankruptcy Code, negotiation with creditors, and
the preparation of a bankruptcy plan.

Thomas DeCaro, Jr., Esq., and Marla Howell, Esq., the attorneys
designated to represent the Debtor, will be paid $425 per hour and
$380 per hour, respectively.  Paralegals will be paid at an hourly
rate of $100.

The firm received a retainer in the amount of $25,000.

Mr. DeCaro disclosed in a court filing that his firm does not
represent any interest adverse to the Debtor's bankruptcy estate or
any of its creditors.

The firm can be reached through:

     Thomas F. DeCaro, Jr.
     Marla L. Howell, Esq.
     DeCaro & Howell P.C.
     14406 Old Mill Road, Suite 201
     Upper Marlboro, MD 20772
     Phone: 301-464-1400
     Fax: 301-464-4776
     Email: Tfd@erols.com
            mhowell@decarohowell.com

                       About Results Fitness

Owings, Md.-based Results Fitness, LLC filed its voluntary petition
for Chapter 11 protection (Bankr. D. Md. Case No. 21-15602) on
Sept. 1, 2021, listing up to $50,000 in assets and up to $10
million in liabilities.  Judge Lori S. Simpson oversees the case.

Thomas F. DeCaro, Jr., Esq., and Marla L. Howell, Esq., at DeCaro &
Howell P.C. represent the Debtor as legal counsel.


REVLON INC: Egan-Jones Keeps C Senior Unsecured Ratings
-------------------------------------------------------
Egan-Jones Ratings Company, on September 30, 2021, maintained its
'C' foreign currency and local currency senior unsecured ratings on
debt issued by Revlon, Inc. EJR also maintained its 'C' rating on
commercial paper issued by the Company.

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



RICHMOND EVENTS: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Richmond Events Inc.
        185 East 85th Street
        Unit 34A
        New York, NY 10028

Business Description: Richmond Events Inc. is part of the events
                      events services industry.  It is engaged in
                      organizing one-to-one, pre-scheduled
                      business forums.

Chapter 11 Petition Date: October 18, 2021

Court: United States Bankruptcy Court
       Southern District of New York

Case No.: 21-11788

Judge: Hon. Michael E. Wiles

Debtor's Counsel: Douglas Pick, Esq.
                  PICK & ZABICKI LLP
                  369 Lexington Avenue 12th Floor
                  New York City, NY 10017
                  Tel: (212) 695-6000
                  E-mail: dpick@picklaw.net

Total Assets: $711,565

Total Liabilities: $4,176,703

The petition was signed by Mark Rayner as president/CEO.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 20 largest unsecured creditors is available
for free at PacerMonitor.com at:

https://www.pacermonitor.com/view/MAMGX6A/Richmond_Events_Inc__nysbke-21-11788__0001.0.pdf?mcid=tGE4TAMA


RICKENBAKER GIN: UST Seeks Appointment of Examiner
--------------------------------------------------
The U.S. Bankruptcy Court for the District of South Carolina will
convene a hearing, by telephone or video, on the motion for
appointment of an examiner in the Chapter 11 case of Rickenbaker
Gin, Inc.  John P. Fitzgerald, III, Acting United States Trustee
for Region 4, filed the motion.

In his motion, the U.S. Trustee disclosed, among other things,
that:

   * among other creditors listed in the Debtor's Schedules, the
South Carolina Department of Agriculture is owed the largest debt
aggregating $6,476,854, consisting of: (a) funds paid for grain
claims from the South Carolina Grain Producers Guaranty Fund for
$4,704,702 and (b) funds paid for cotton claims from the Warehouse
Receipts Guaranty Fund for $1,772,152;

   * the second largest unsecured debt, amounting to $650,000, is
owed to Santee Leasing, a company owned by JC Black.  JC Black is
the Debtor's sole secured creditor with a claim listed for
$200,000;

   * most of the Debtor's debts listed in the Schedules appear to
have been incurred in 2019 and 2020, at a time when the Debtor's
gross revenues totaled $34,865,922;

   * according to the Schedules and SOFA, Julie Rickenbaker, Mr.
Rickenbaker's wife, is owed $80,000 for an undocumented loan
extended in February of 2021.  In October of 2020, Julie
Rickenbaker had previously extended the Debtor a loan in for
$80,000, which the Debtor repaid with interest on December 6, 2020;
and

   * during the time it was in forfeiture, the Debtor created two
limited liability corporations and transferred some of its assets
into those corporations in 2021, but subsequently transferred the
assets back to the Debtor immediately after the Involuntary
Petition was filed and after the Debtor was reinstated with the
Secretary of State on or about August 18, 2021.  Three of the
Debtor's creditors commenced an involuntary Chapter 7 proceeding
against the Debtor on August 11, 2021: (a) Ashwood Gin, Inc.,
asserting a claim of $62,598; (b) Wade Atkinson, asserting $18,372;
and (c) the South Carolina Department of Agriculture, asserting
$6,476,854 in claims.

The U.S. Trustee further disclosed that at the October 1 meeting of
creditors, it became apparent that the Debtor's loan transactions,
especially with JC Black, Santee Leasing, Mrs. Rickenbaker, and Mr.
Rickenbaker were mostly done without any written documentation.

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

                    About Rickenbaker Gin Inc.

Rickenbaker Gin, Inc. is a company based in Davis Station, S.C.,
that provides support activities for crop production.

Rickenbaker Gin filed a petition for Chapter 11 protection (Bankr.
D.S.C. Case No. 21-02276) on Sept. 1, 2021, listing as much as $10
million in both assets and liabilities.  Judge David R. Duncan
oversees the case.

Moore Bradley Myers Law Firm, P.A. serves as the Debtor's legal
counsel.



RITE AID: Egan-Jones Keeps CCC Senior Unsecured Ratings
-------------------------------------------------------
Egan-Jones Ratings Company, on September 29, 2021, maintained its
'CCC' foreign currency and local currency senior unsecured ratings
on debt issued by Rite Aid Corporation. EJR also maintained its 'C'
rating on commercial paper issued by the Company.

Headquartered in Camp Hill, Pennsylvania, Rite Aid Corporation
operates a retail drugstore chain in various states and the
District of Columbia.



RIVERA FAMILY: Seeks to Hire Pittman & Pittman as Legal Counsel
---------------------------------------------------------------
Rivera Family Holdings, LLC received approval from the U.S.
Bankruptcy Court for the Western District of Wisconsin to hire
Pittman & Pittman Law Offices, LLC to serve as legal counsel in its
Chapter 11 case.

The firm's services include the preparation of liquidation
analysis, representation of the Debtor in legal actions commenced
by creditors, and assistance in the preparation of bankruptcy
schedules and statements of financial affairs.

The firm's hourly rates are as follows:

     Galen W. Pittman    $400 per hour
     Greg P. Pittman     $300 per hour
     Wade M. Pittman     $300 per hour
     Paralegal            $75 per hour

Galen Pittman, Esq., the firm's attorney who will be handling the
case, disclosed in court filings that he is a "disinterested
person" as defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:
   
     Galen W. Pittman, Esq.
     Pittman & Pittman Law Offices, LLC
     712 Main Street
     La Crosse, WI 54601
     Telephone: (608) 784-0841
     Facsimile: (608) 784-2206
     Email: Info@PittmanandPittman.com

                   About Rivera Family Holdings

Rivera Family Holdings, LLC, a privately-held company in Onalaska,
Wis., filed a petition for Chapter 11 protection (Bankr. W.D. Wis.
Case No. 21-12062) on Oct. 6, 2021, listing as much as $10 million
in both assets and liabilities.  Lynnae Rivera, authorized
representative, signed the petition.  Judge Catherine J. Furay
presides over the case.  Galen W. Pittman, Esq., at Pittman &
Pittman Law Offices, LLC represents the Debtor as legal counsel.


SANTA FE ARCHDIOCESE: Victims Express Frustration on Case Pace
--------------------------------------------------------------
Rick Ruggles of Santa Fe New Mexican reports that letters sent to a
federal judge in the Archdiocese of Santa Fe bankruptcy filing
reflect impatience with the sluggishness of the case, which has
ground on for close to three years.

At least 16 letters have gone to U.S. Bankruptcy Judge David Thuma
since the archdiocese filed for Chapter 11 bankruptcy in December
2018. The bulk of those have been sent by the same two or three
people, who have signed them "Jane Doe" or "John Doe" or haven't
signed them at all. Nevertheless, the letters to Thuma appear to
give voice to victims or relatives of victims as the case drags
on.

One exhorts Thuma to "process the bankruptcy case asap, so all
victims can finally have closure and move forward with their
lives." That letter was written in November 2019.

About 385 victims, most of whom suffered child sexual abuse from
priests, deacons and others in the Catholic hierarchy, are
represented by numerous attorneys.  Nine of the claimants make up a
committee that also speaks for the victims.

Another letter to Thuma, written three months ago in a longhand
scrawl, reads: "Nothing is happening! Victims are frustrated with
the case at a standstill. Please help!!!!"

The Rev. Glennon Jones, vicar general of the Archdiocese of Santa
Fe, wrote on the institution's website at the end of September it
is is collecting money to pay the victims.

But Jones added: "Right now we're negotiating with the insurance
companies that covered the archdiocese during those years named in
the (many) claims; unfortunately, that may take a while, but
there's no way to speed it up. Sigh."

The case has moved on to its second mediator. Documents filed with
Thuma and comments by attorneys this summer and fall indicate the
archdiocese's several insurance companies lack enthusiasm for large
payouts.

The archdiocese is raising money through donations and property
sales. An auction in August generated about $1.6 million, and a
second auction of "nonessential" properties, such as vacant lots
donated by families, is expected to take place next month.

Ford Elsaesser, an Idaho-based bankruptcy attorney representing the
archdiocese, said Thursday that "efforts to get this resolved as
soon as possible continue." He said the ongoing work with insurance
companies is confidential but critical to the case.

"And certainly the frustration of the survivors is understandable,"
Elsaesser said. He said he has represented about 10 parishes,
dioceses and archdioceses in bankruptcy cases.

Nationwide, at least 29 dioceses and Catholic orders, including the
Diocese of Gallup, have filed for bankruptcy in the sex abuse
scandal. BishopAccountability.org recently reported the Church has
paid out more than $3.2 billion for cases going back many years.
The nonprofit group behind the site said it hadn't been able to
collect information on all settlements.

It isn't rare for such cases to lumber on. For instance, the
bankruptcy case of the Archdiocese of Milwaukee went on for more
than four years before being settled for $21 million for 330
victims, Reuters news service reported.

According to BishopAccountability.com, a 2007 settlement in Los
Angeles involved 508 victims and totaled $660 million.

In the Santa Fe case, victims' attorneys accused the archdiocese of
trying to squirrel away money in its parishes and trust funds so
the cash would be inaccessible to victims. That complaint is on
hold.

"We continue to work cooperatively with the survivors' committee,"
Elsaesser said.  "There haven't been any contentious court hearings
recently."

It's not clear how much money and insurance the archdiocese is
trying to collect.  Participants in the case have declined to
disclose that. Thuma wrote in February 2021 that more than $150
million could be involved, and that was only for a portion of the
assets victims potentially could receive.

In another letter to Thuma, a person who last 2020 signed only with
a drawing of a sad face says she was a victim who wanted to thank
the judge "for having the meeting with all the lawyers. … Without
the meetings, nothing would be happening to bring an end to the
Bankruptcy."

Yet another woman wrote Thuma in February to say she wanted no part
of the case.  While she "was involved in an incident ... I have
been receiving many letters from lawyers regarding lawsuits against
the Archdiocese," she wrote.

The woman called herself  "a proud member" of a Catholic church in
New Mexico for more than 70 years. She said she had no desire to
participate in any lawsuit against the church.

                About the Archdiocese of Santa Fe

The Roman Catholic Church of the Archdiocese of Santa Fe --
https://www.archdiosf.org/ -- is an ecclesiastical territory or
diocese of the southwestern region of the United States in the
state of New Mexico.  At present, the Archdiocese of Santa Fe
covers an area of 61,142 square miles.  There are 93 parish seats
and 226 active missions throughout this area.

The Archdiocese of Santa Fe sought Chapter 11 protection (Bankr.
D.N.M. Case No. 18-13027) on Dec. 3, 2018, to deal with child abuse
claims. It reported total assets of $49,184,579 and total
liabilities of $3,700,000 as of the bankruptcy filing. Judge David
T. Thuma oversees the case.

The archdiocese tapped Elsaesser Anderson, Chtd. and Walker &
Associates, P.C., as bankruptcy counsel, Stelzner, Winter,
Warburton, Flores, Sanchez & Dawes, P.A as special counsel, and
REDW LLC as accountant.


SBHC HOLDINGS: S&P Assigns 'B-' ICR on Acquisition, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings assigned its 'B-' issuer credit rating to
Tennessee-based behavioral health company SBHC Holdings LLC. At the
same time, S&P assigned its 'B-' issue-level rating and '3'
recovery rating to the senior secured debt, indicating its
expectation of meaningful (50%-70%; rounded estimate: 65%) recovery
in the event of default. S&P also assigned its 'CCC' issue-level
rating and '6' recovery rating to the second-lien term loan,
indicating its expectation for negligible (0%-10%; rounded
estimate: 0%) recovery.

S&P's stable outlook reflects its expectation that SBHC will
continue to enhance its scale through disciplined growth providing
greater capacity to sustainably generate strong margins, reduce
leverage, and increase free cash flow.

Patient Square Capital has agreed to acquire SBHC Holdings in a
debt- and equity-funded transaction.

The company's pro forma capital structure will comprise a $75
million first-lien revolving credit facility (undrawn at close),
$450 million first-lien term loan, $70 million first-lien
delayed-draw term loan, $180 million second-lien term loan, and $25
million second-lien delayed-draw term loan.

S&P's issuer credit rating reflects SBHC's small scale and narrow
focus in the behavioral health services segment of a highly
fragmented U.S. market. The company generates about $250 million in
annual revenue, which is small compared to rated health care
service peers, including competitors Universal Health Services Inc.
and Acadia Healthcare Co. Inc. With 25 facilities in 16 states,
SBHC competes with many smaller local competitors as services are
usually delivered locally.

S&P said, "We expect a highly leveraged financial risk profile with
adjusted debt to EBITDA of 8x-9x and discretionary cash flow to
debt of less than 3% in 2022 and 2023.We expect SBHC to remain
highly leveraged throughout our forecast period. Given its
ownership by a financial sponsor, we expect the company to
prioritize growth and shareholder rewards over debt reduction. Its
growth strategy focuses on acquisitions and de novo facilities, to
supplement organic growth. They likely require financing with both
additional debt and internally generated cash flow.

"Demand for behavioral health services will remain strong. We
believe regulatory changes over the past several years, including
the Mental Health Parity and Addiction Equity Act, increased
funding to combat opioid and other substance addiction, and overall
raised awareness of the real extent of substance abuse and mental
illness, contributes to rising industry demand as well as better
reimbursement coverage. Further, we believe the sizable increase in
social and economic difficulties during the COVID-19 pandemic only
enhanced demand for behavioral services. We expect demand will
remain strong as the pandemic eases, leading to growth above that
of the broader health services industry, limited by behavioral
health professional shortages."

SBHC's reimbursement mix is attractive compared to peers. The
company derives about 60% of its revenue from commercial payors and
30% from government payors (Medicare and Medicaid). The mix is more
attractive than that of its larger competitors. S&P said, "We
expect the proportion of government reimbursement will increase
over our forecast period due to recent new contracts. We view
SBHC's referral sources favorably. The company generates about 60%
of its admissions from professional referrals and 25% from prior
patient referrals. We believe these provide more stable admission
trends compared to other behavioral health companies that rely more
heavily on the internet and other forms of marketing."

S&P said, "We expect slim cash flow in 2022 and 2023 as SBHC
reinvests cash flow in growth expansion. We expect the company to
support its already above-industry-average growth rate with
significant capital spending for additional beds and facility
additions, supporting our expectation it will invest most
internally generated cash flows into growth projects and
acquisitions. Maintenance capital requirements are relatively low
for this business. SBHC plans to use free cash flow to fund organic
growth initiatives, including facility expansions and de novos,
driving increased margin through improved operating leverage, aided
by bed additions.

"Our stable outlook reflects our expectation that the company will
continue to enhance its scale through disciplined growth, providing
greater capacity to sustainably generate strong margins, reduce
leverage, and increase free cash. It also reflects our view that
industry demand will remain solid over the next several years. We
believe the company will effectively manage cost increases despite
behavioral health professional shortages.

"We could lower our rating if we believe the company would
consistently generate a free cash flow deficit. This could occur if
margins declined more than 100 basis points (bps) from our base
case, resulting in unsustainably high leverage and negative free
cash flow that impaired liquidity.

"We could raise our rating if the company improved its margins such
that it consistently generated positive annual free cash flow,
resulting in discretionary cash flow to debt above 3% and adjusted
debt to EBITDA below 7x. To do so, the company would have to exceed
our base-case margin assumption by about 300 bps or decrease
capital expenditures and working capital needs."



SCIENTIFIC GAMES: Egan-Jones Keeps CCC Senior Unsecured Ratings
---------------------------------------------------------------
Egan-Jones Ratings Company, on September 28, 2021, maintained its
'CCC' foreign currency and local currency senior unsecured ratings
on debt issued by Scientific Games Corporation. EJR also maintained
its 'C' rating on commercial paper issued by the Company.

Headquartered in Las Vegas, Nevada, Scientific Games Corporation
provides services, systems, and products to both the pari-mutuel
gaming and instant ticket lottery industries.



SCIENTIFIC GAMES: S&P Places 'B' ICR on CreditWatch Positive
------------------------------------------------------------
S&P Global Ratings placed all ratings on Las Vegas, Nev.-based
gaming and lottery equipment and services provider Scientific Games
Corp. (Sci Games), including its 'B' issuer credit rating, on
CreditWatch, with positive implications.

S&P said, "We believe asset sale and divestiture proceeds may drive
significant deleveraging, even in a scenario of investment
spending. We anticipate adjusted leverage may materially improve,
possibly to under 6x in 2022, from our forecast for the low- to
mid-7x area in 2021 (excluding any divestitures), since we expect
the majority of asset sale proceeds from Sci Games' sports betting
business, and possible additional divestiture proceeds from its
lottery business, will be used for debt reduction. This level of
leverage improvement may support a one-notch higher rating for Sci
Games, in our view.

"Sci Games recently entered into an agreement to sell its sports
betting business to Endeavor Group Holdings Inc. for $1 billion in
cash and $200 million in Endeavor stock, and we anticipate the
company may also receive substantial proceeds from the divestiture
of its lottery business. We believe the level of debt reduction
from asset sale and divestiture proceeds would be sufficient to
offset the loss of EBITDA from Sci Games' lottery segment, which
has historically represented about 30% of EBITDA, before corporate
overhead, and support deleveraging, in part due to the high
multiple at which we expect the lottery business would be valued.
We estimate sports betting is a relatively small (less than 5%)
contributor to Sci Games' EBITDA and is being sold at a very high
multiple.

"Further, we believe Sci Games may sustain adjusted leverage under
6x even in a scenario where the company uses a portion of the
proceeds for a large acquisition or other material investment
spending. Sci Games has articulated plans to use proceeds from the
sale of the sports betting business and the divestiture of the
lottery business to significantly reduce debt balances and provide
flexibility to pursue potential investment opportunities. We
believe this may include acquiring a digital gaming company given
public commentary the company has made around expanding its online
gaming and SciPlay business segments.

"We believe Sci Games may be able to withstand adjusted leverage up
to 6x at a one-notch higher rating even with increased business
risks. We believe the divestiture of the lottery business may
likely increase Sci Games' business risks since we believe the
lottery business is less volatile than the gaming segment, even
during economic downturns, because the lottery has a relatively low
price point. In addition, we believe it is easier for customers to
access lottery products, which are sold at grocery stores, gas
stations, and convenience stores, than to drive to a casino to
gamble. Sci Games' lottery business was not as affected by the
COVID-19 pandemic as its gaming segment was and has recovered
faster than its gaming business. Further, the lottery business is a
significant contributor to Sci Games' EBITDA base, and therefore
the divestiture of that business will reduce Sci Games' operating
cash flow and ability to self-fund investments and drive future
potential debt reduction.

"Nevertheless, we anticipate Sci Games will remain one of the
leading products and services providers in land-based and digital
gaming and benefit from growth in the digital gaming market because
of continued legalization and acceptance of digital gaming. In
addition, the company's expanding digital gaming segment was not
impaired by the pandemic. Further, we believe Sci Games will
continue to have good geographic and cash flow diversity since it
sells its products and services globally.

"In resolving the CreditWatch listing, we will monitor the
company's progress toward divesting its lottery business
andsecuring regulatory approval for the sale of sports betting and
assess management's planned use of proceeds and financial policy.
Further, we will update our forecast for Sci Games' land-based and
digital gaming segments and reassess the company's business risks
pro forma for the divestiture of the lottery business. At this
time, we believe if an upgrade were the outcome of our review, it
would likely be limited to one notch."



SEAFOOD JUNKIE: Hearing Today on Bid to Use Cash Collateral
-----------------------------------------------------------
Seafood Junkie LLC, d/b/a Manzo Lobster & Oyster Bar, asks the U.S.
Bankruptcy Court for the District of Colorado to authorize the use
of cash collateral in order to pay payroll and other expenses to
keep its operations going.  The payroll is due on Wednesday,
October 20.

A 180-day cash flow projection filed in Court provided for these
monthly disbursements:

     $91,690 for October 2021;

     $93,800 for November 2021;

     $98,910 for December 2021;

     $94,690 for January 2022;

     $95,800 for February 2022; and

     $93,820 for March 2022.

A copy of the cash flow projection is available for free at
https://bit.ly/3n62Kwb from PacerMonitor.com.

The Debtor owes WebBank approximately $23,942 for factoring of
credit card receivables.  The Debtor disclosed that it has not been
able to speak with any representative of WebBank to know if the
current motion is opposed.  The Debtor said it will continue making
regular payments to WebBank, pursuant to the current agreement,
which allows the lender to offset amounts owed from credit card
receipts until the debt is paid in full.

The Debtor further disclosed that as of the Petition Date, its
primary assets consisted of $5,000 in accounts receivable from
merchant account; $10,000 of cash in bank; $10,000 in deposits with
landlords; and $3,100 in food and liquor inventory, among others.

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

The Court will conduct a preliminary hearing on the request today,
October 19, at 10 a.m., via Zoom.

                     About Seafood Junkie LLC

Seafood Junkie LLC operates a restaurant known as Manzo's Lobster
and Oyster Bar located in Denver.  The company filed a petition
under Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. D.
Colo. Case No. 21-15217) on October 14, 2021, listing $50,000 to
$100,000 in assets and $100,000 to $500,000 in liabilities.
Richard Manzo, member, signed the petition.  

Judge Thomas B. McNamara presides over the case.  

Buechler Law Office, L.L.C. serves as the Debtor's counsel.  The
firm may be reached through:

   K. Jamie Buechler, Esq.
   Buechler Law Office, L.L.C.
   999 18th Street, Suite 1230 S
   Denver, CO 80202
   Telephone: (720) 381-0045
   Email: Jamie@kjblawoffice.com



SEAGATE TECHNOLOGY: Egan-Jones Keeps BB Senior Unsecured Ratings
----------------------------------------------------------------
Egan-Jones Ratings Company, on September 27, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by Seagate Technology Holdings Public Limited.

Headquartered in Cupertino, California, Seagate Technology Holdings
Public Limited Company offers computer hardware products.



SEBSEN ELECTRIC: Unsecureds Will Get 21% of Claims in 5 Years
-------------------------------------------------------------
Sebsen Electric, LLC, filed with the U.S. Bankruptcy Court for the
Middle District of Florida a Plan of Reorganization dated October
12, 2021.

The Debtor is an electrical contractor that performs both
commercial and residential work. The Debtor frequently works as a
subcontractor on larger commercial construction jobs.

As of the filing of the bankruptcy, the Debtor's principal, Anthony
S. Italiano, manages the Debtor from 5452 North 56 Street, Tampa,
Florida 33610 which the Debtor leases from 56th Commerce Park,
LLC.

The Plan under chapter 11 of the Bankruptcy Code proposes to pay
creditors of the Debtor from the Debtor's current and future
earnings.

This Plan provides for 1 class of priority claims; 5 classes of
secured claims; 2 classes of general unsecured claims; and 1 class
of equity security holders. Unsecured creditors holding allowed
claims will receive a 21% distribution on their claim, payable over
five years. This Plan also provides for the payment of
administrative and priority claims under the terms to the extent
permitted by the Code or by agreement between the Debtor and the
claimant.

Claims and interests shall be treated as follows under this Plan:

     * Class 1 consists of the Priority Claim of the Internal
Revenue Service. The Internal Revenue Service filed a proof of
claim in the amount of $50,385 of which $37,501 is entitled to
priority status. Claimant will be paid its allowed priority claim
in full within sixty months from the Petition Date, including pre
and post confirmation interest accruing at the statutory rate, in
equal monthly payments commencing 30 days from the Effective Date
of Confirmation. The Debtor disputes the claim of the Internal
Revenue Service. In the event that the claim is allowed, the Debtor
estimates the payment will be amortized over fifty-five months at
4% interest for equal estimated monthly payments of $747.38.

     * Class 2 consists of the Secured Claim of Ford Motor Credit
Company, LLC. Ford Motor Credit Company, LLC filed a proof of claim
in the amount of $17,842.74 secured by a 2018 Ford Transit T250.
The Debtor surrendered claimant's collateral back to claimant
post-petition. Any allowed deficiency claim will be paid pursuant
to Class 8.

     * Class 3 consists of the Secured Claim of Credibly of Arizona
LLC. Credibly of Arizona LLC filed a proof of claim in the amount
of $133,952.50 purportedly secured by a blanket lien on the
Debtor's assets. The Debtor is in the process of challenging the
validity of claimant's lien. Any allowed secured claim will be
amortized over five years at 5.25% interest with payments
commencing thirty days from the Effective Date of Confirmation. Any
allowed general unsecured claim will be paid pursuant to Class 8.

     * Class 4 consists of the Claim of the National Labor
Relations Board. The National Labor Relations Board filed a proof
of claim in the amount of $33,600.16. Pre-petition, claimant
received a judgment against the Debtor due to a dispute between the
Debtor and claimant related to the Debtor's failure to pay certain
amounts owed to the Debtor's employees who belonged to IBEW, Local
915. Claimant's claim will be amortized over five years at 5.25%
interest with payments commencing thirty days from the Effective
Date of Confirmation.

     * Class 5 consists of the Secured Claim of Citizens Bank, N.A.
Citizens Bank, N.A. filed a proof of claim in the amount of
$69,400.10 secured by a lien on 2019 GMC Sierra Truck. The Debtor
will continue making payments in accordance with underlying loan
documents. Claimant will retain its lien to the same extent,
validity, and priority as existed pre-petition.

     * Class 6 consists of the Secured Claim of Keystone Equipment
Finance. Keystone Equipment Finance holds a scheduled claim in the
amount of $24,200 secured by a 2014 Bobcat E45 Mini Excavator. The
Debtor is surrendering the collateral back to claimant. Claimant
shall have the later of thirty days from the date the collateral is
surrendered or the entry of the Confirmation Order to seek a
deficiency claim, otherwise said claim will be barred. Any allowed
deficiency claim will be paid pursuant to Class 8.

     * Class 7 consists of the Secured Claim of the Small Business
Administration. The Small Business Administration ("SBA") holds a
scheduled claim in the amount of $149,900 secured by a blanket lien
on the Debtor's assets. The Debtor will continue making payments in
accordance with the underlying note, security agreement, and other
applicable loan documents.

     * Class 8 consists of General Unsecured Creditors, excluding
the National Labor Relations Board.  The Debtor will pay claimants
in this class 21% of their allowed claim without interest in twenty
equal quarterly installments, with payments commencing on the start
of the calendar quarter immediately following the Effective Date of
Confirmation and continuing for a total of 20 consecutive
quarters.

     * Class 9 consists of Equity Security Holders of the Debtor.
Equity will retain ownership in the Debtor post-confirmation. No
distributions will be made to equity until such time as all
payments in Class 8 have been made.

Current equity will continue to manage the Debtor post
confirmation. The Plan will be funded by the continued operations
of the Debtor.

A full-text copy of the Plan of Reorganization dated October 12,
2021, is available at https://bit.ly/2XhAlKQ from PacerMonitor.com
at no charge.

Attorney for Debtor:

     BUDDY D. FORD, P.A.,
     Buddy D. Ford, Esquire (FBN: 0654711)
     Email: Buddy@tampaesq.com
     Jonathan A. Semach, Esquire (FBN: 0060071)
     Email: Jonathan@tampaesq.com
     Heather M. Reel, Esquire (FBN: 0100357)
     Email: Heather@tampaesq.com
     9301 West Hillsborough Avenue
     Tampa, Florida 33615-3008
     Telephone #: (813) 877-4669
     Office Email: All@tampaesq.com
            
                   About Sebsen Electric, LLC

Sebsen Electric, LLC filed a petition under Subchapter V of Chapter
11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 21-03626) on
July 12, 2021.  On the Petition Date, the Debtor disclosed $545,466
in total assets and $888,950 in total liabilities.  The petition
was signed by Anthony S. Italiano, manager.  Buddy D. Ford, P.A.
represents the Debtor as counsel.  Ruediger Mueller is appointed as
the Debtor's Subchapter V Trustee.


SHAPE TECHNOLOGIES: Moody's Ups CFR & Secured Term Loan to Caa1
---------------------------------------------------------------
Moody's Investors Service upgraded the ratings for Shape
Technologies Group, Inc., including the company's corporate family
rating to Caa1 from Caa2 and probability of default rating to
Caa1-PD from Caa2-PD. Concurrently, Moody's upgraded the company's
first lien senior secured ratings to Caa1 from Caa2. The ratings
outlook is changed to stable from negative.

"The ratings upgrade reflects the company's notable improvement in
earnings and free cash flow, resulting in significant de-levering
of its capital structure and improvement in liquidity," said
AVP-Analyst Shirley Singh. "Moody's expects further deleveraging
through 2022 while Shape generates modestly positive free cash
flow", added Singh.

Upgrades:

Issuer: Shape Technologies Group, Inc.

Corporate Family Rating, Upgraded to Caa1 from Caa2

Probability of Default Rating, Upgraded to Caa1-PD from Caa2-PD

Senior Secured First Lien Term Loan, Upgraded to Caa1 (LGD4) from
Caa2 (LGD4)

Senior Secured First Lien Revolving Credit Facility, Upgraded to
Caa1 (LGD4) from Caa2 (LGD4)

Outlook Actions:

Issuer: Shape Technologies Group, Inc.

Outlook, Changed To Stable From Negative

RATINGS RATIONALE

Shape's Caa1 CFR reflects the company's small scale with niche
market focus and exposure to cyclical end markets. The ratings also
reflect high leverage, with adjusted debt-to-EBITDA at 9.4x as of
June 2021. Additionally, multiyear restructuring and execution
challenges have resulted in lower profitability, with current
EBITDA margin at 11% versus above 15% margins in prior years.

Nonetheless, the rating is supported by the company's leading
position within the waterjet cutting market and a large installed
equipment base that yields significant aftermarket earnings (60% of
revenue). The company also benefits from its global footprint and
proprietary product offerings with close to 359 patents.

The stable outlook reflects Moody's expectation that modest
earnings growth will reduce leverage to below 9.0x, and the company
will maintain adequate liquidity over the next 12-18 months.

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

The ratings could be upgraded if the company' revenue and earnings
continue to grow with EBITA margin maintained within the low
double-digit range. Quantitatively, adjusted debt-to-EBITDA
sustained below 7.0x as the company maintains adequate liquidity
will support an upgrade consideration.

The ratings could be downgraded if the company's earnings weaken or
free cash flow becomes negative due to waning markets, intensified
competition or the loss of a key customer. Adjusted debt to EBITDA
sustained above 9.0x or weaker liquidity could prompt a rating
downgrade.

The principal methodology used in these ratings was Manufacturing
published in September 2021.

Headquartered in Kent, Washington, Shape Technologies Group, Inc.
is a manufacturer of ultra-high-pressure technology and advanced
materials processing systems. Sales for the twelve months ended
June 30, 2021 were $365 million.


SHARITY MINISTRIES: Unsec. Creditors to Recover 0% to 10% in Plan
-----------------------------------------------------------------
Sharity Ministries, Inc., filed with the U.S. Bankruptcy Court for
the District of Delaware a Combined Disclosure Statement and
Chapter 11 Plan of Liquidation dated October 14, 2021.

This Combined Plan and Disclosure Statement is the culmination of
extensive negotiations between the Debtor and the Member Committee
resulting in this consensual liquidating Chapter 11 plan for the
Debtor and the assets of its estate.

This is a liquidating Plan where Distributions will be made on
account of Allowed Claims against the Debtor's Estate.

Under the Plan, Members will be automatically treated as having
submitted a claim for the greater of (i) their previously submitted
requests to the Debtor for payment of medical expenses that have
not yet been satisfied, and (ii) all monthly payments made under
the Debtor's programs. Members need not take any action to have a
claim for the greater of these two amounts. These amounts will be
calculated based on the Debtor's records and there is no guarantee
that such records are accurate.

The ballot provided to each Member contains information regarding
the amounts the Debtor believes are owed. If a Member disagrees
with the amount or wishes to file a claim for any other amounts,
the Member should file a proof of claim before the General Bar Date
of January 4, 2022. All Member timely filed proofs of claim that
have not been objected to will be allowed and handled under the
Claims Resolution Procedures under the Liquidating Trust Agreement.
The Debtor will contribute all Liquidating Trust Assets to the
Liquidating Trust, except for the Post-Petition Payments Reserved
Cash which shall be automatically returned to the Members that made
payments to the Debtor after July 8, 2021.

The Liquidating Trust will be operated by a Liquidating Trustee and
Liquidating Trust Committee and will have standing to pursue all
Claims and Causes of Action transferred to the Liquidating Trust.
All proceeds of the Liquidating Trust, after payment of its
expenses as provided for in the Liquidating Trust Agreement, will
be used to satisfy the claims of the Debtor's creditors, including
the Members. The Debtor will not continue in business and will be
dissolved after occurrence of the Effective Date.

Pursuant to the Plan, a Liquidating Trust will be established for
the purposes of monetizing the Liquidating Trust Assets and
distributing the proceeds of the Liquidating Trust to Creditors in
accordance with the priorities set forth in this Plan. The
Liquidating Trust will be managed by a Liquidating Trustee in
accordance with the Liquidating Trust Agreement. The Liquidating
Trust will be overseen by a Liquidating Trust Committee composed of
no more than 5 current and former members of Sharity Ministries,
Inc., and may include a governmental representative as an ex
officio member.

The primary purpose of the Liquidating Trust and its Liquidating
Trustee shall be (i) administering, monetizing and liquidating the
Liquidating Trust Assets, (ii) resolving all Disputed Claims and
(iii) making all Distributions from the Liquidating Trust as
provided for in the Plan and the Liquidating Trust Agreement. The
Liquidating Trust Assets will primarily consist of the Debtor's
cash on hand on the Effective Date, and Causes of Action against
third parties.  

The Debtor and Member Committee support this Plan and encourage the
Holders of Impaired Claims to vote in in favor of this Plan.

The Debtor's business is no longer operating. The goal of this Plan
is to maximize the value of the Debtor's remaining assets and
distribute it to creditors including Members, under the priorities
set forth in the Bankruptcy Code.

The Plan will treat claims as follows:

     * Class 3 consists of Member Claims for Post-July 8, 2021
Monthly Payments. Each holder of an Allowed Class 3 Member Claim
for Post-July 8, 2021 Monthly Payments shall receive a full refund,
without interest, paid as soon as reasonably practicable following
the Effective Date. Disputed Member Claims for Post-July 8, 2021
Monthly Payments shall be subject to resolution under the Claims
Resolution Procedures. This Class will receive a distribution of
100% of their allowed claims.

     * Class 4 consists of Member Claims and General Unsecured
Claims. Each holder of an Allowed Class 4 General Unsecured Claim
shall receive a Pro Rata Share of Beneficial Interests in the
Liquidating Trust entitling the Holder to a Pro Rata Share of all
Available Trust Cash derived from the Debtor's Liquidating Trust
Assets. For the avoidance of doubt, Class 4 General Unsecured
Claims, shall include both Unpaid Member Medical Claims and Other
Member Claims (including Member Claims for monthly payments), but
shall not include Member Claims for Post-July 8, 2021 Monthly
Payments (which are classified in Class 3). This Class will receive
a distribution of 0-10% of their allowed claims.

     * Class 5 consists of Governmental Fines and Penalty Claims.
Each holder of an Allowed Class 5 Governmental Fines and Penalty
Claim shall receive a Pro Rata Share of Residual Interests in the
Liquidating Trust entitling the Holder to a receive a Pro Rata
Share of all Available Trust Cash derived from the Debtor's
Liquidating Trust Assets after payment in full of all Class 4
Claims.

     * Class 6 consists of Section 510(c) Claims. On the Effective
Date, all Allowed Section 510(c) Claims shall be fully extinguished
and discharged without any further action. Holders of Allowed
Section 510(c) Claims shall not be entitled to receive or retain
any property under the Plan.

On the Effective Date, the Liquidating Trust Assets shall be deemed
transferred to the Liquidating Trust free and clear of all Claims
and Interests in such Liquidating Trust Assets. The Liquidating
Trustee shall administer the Liquidating Trust Assets and
Distribute Liquidating Trust Assets to Beneficiaries of the
Liquidating Trust in accordance with the terms and conditions of
the Plan, the Plan Confirmation Order and the Liquidating Trust
Agreement.

A full-text copy of the Disclosure Statement dated October 14,
2021, is available at https://bit.ly/3AMD7W9 from claims agent, BMC
Group.

Counsel for the Debtor:

     BAKER & HOSTETLER LLP
     Jorian L. Rose
     Jason I. Blanchard
     45 Rockefeller Plaza
     New York, New York 10111

     Andrew V. Layden
     SunTrust Center, Suite 2300
     200 South Orange Avenue
     Orlando, FL 32801-3432

          - and -

     LANDIS RATH & COBB LLP
     Adam G. Landis
     Matthew B. McGuire
     Nicolas E. Jenner
     919 Market Street, Suite 1800
     Wilmington, Delaware 19801

                     About Sharity Ministries

Established in 2018, Sharity Ministries Inc. is a 501(c)(3)
faith-based nonprofit corporation in Roswell, Ga., that operates a
health care sharing ministry, a medical cost-sharing arrangement
among persons of similarly and sincerely held religious beliefs.

Sharity Ministries sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 21-11001) on July 8, 2021.
As of March 31, 2021, the Debtor had total assets of $4,496,871
and total liabilities of $2,922,214.  Judge John T. Dorsey oversees
the case.

The Debtor tapped Landis Rath & Cobb, LLP and Baker & Hostetler,
LLP as legal counsel, and SOLIC Capital Advisors, LLC as
restructuring advisor.  Neil Luria of SOLIC serves as the Debtor's
chief restructuring officer.  BMC Group, Inc. is the claims and
noticing agent and administrative advisor.

On Aug. 20, 2021, the U.S. Trustee for Region 3 appointed an
official committee to represent members of Sharity Ministries Inc.
in its Chapter 11 case.  The committee is represented by Stevens &
Lee, P.C., Sirianni Youtz Spoonemore Hamburger, PLLC and Mehri &
Skalet, PLLC.


SHASTRA USA: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Shastra USA, Inc.
        85 Bragg Street, Suite 302
        Alexandria, Virginia 22312

Business Description: Shastra USA, Inc. is a security services
                      provider.

Chapter 11 Petition Date: October 18, 2021

Court: United States Bankruptcy Court
       Eastern District of Virginia

Case No.: 21-11740

Debtor's Counsel: Matthew G. Williams, Esq.
                  MAHDAVI BACON HALFHILL & YOUNG PLLC
                  11350 Random Hills Road, Suite 700
                  Fairfax, Virginia 22030
                  Tel: 703-352-1300
                  E-mail: mwilliams@mbhylaw.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jayasekar Jayaraman as president.

The Debtor failed to include in the petition a list of its 20
largest unsecured.

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

https://www.pacermonitor.com/view/Q6ZHO4A/Shastra_USA_Inc__vaebke-21-11740__0001.0.pdf?mcid=tGE4TAMA


SHAWN JENSEN: Seeks Termination of Patient Care Ombudsman
---------------------------------------------------------
In a First Report filed with the U.S. Bankruptcy Court for the
District of Kansas, Cori Loomis, Patient Care Ombudsman for Shawn
Jensen DDS, P.A., disclosed that the Debtor has filed a motion to
terminate her appointment as PCO.  The PCO also disclosed that she
received no response from the Debtor regarding requests for a
schedule to conduct the initial on-site visit at the Debtor's
dental practice.  

Upon consultation with the U.S. Trustee's office, a decision was
made to postpone the initial on-site visit until the Motion to
Terminate was submitted and addressed by the Court.  The PCO was
appointed on September 1, 2021.  

Her contact information is:

   Cori H. Loomis
   Christensen Law Group, P.L.L.C.
   3401 N.W. 63rd St., Suite 600
   Oklahoma City, OK 73116
   Telephone: 405-232-2020
   Facsimile: 405-228-1113
   Email: cori@christensenlawgroup.com

A copy of the First Ombudsman Report is available for free at
https://bit.ly/3vivtSg from PacerMonitor.com.

                      About Shawn Jensen DDS

Shawn Jensen DDS PA sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Kan. Case No. 21-10699) on July 26,
2021. At the time of the filing, the Debtor disclosed $100,001 to
$500,000 in assets and $1 million to $10 million in liabilities.
Forker Suter, LLC serves as the Debtor's legal counsel.  Cori H.
Loomis serves Patient Care Ombudsman for the Debtor.



SOCAL MRO: Seeks to Employ Frazee Law Group as Bankruptcy Counsel
-----------------------------------------------------------------
Socal MRO, LLC seeks approval from the U.S. Bankruptcy Court for
the Central District of California to hire Frazee Law Group to
serve as legal counsel in its Chapter 11 case.

The firm's services include:

     (a) advising the Debtor regarding matters of bankruptcy law,
the requirements of the Bankruptcy Code and Bankruptcy Rules
relating to the administration of the case, and the operation of
the Debtor's estate;

     (b) representing the Debtor in court proceedings and hearings
involving matters of bankruptcy law;

     (c) assisting in compliance with the requirements of the
Office of the U.S. Trustee;

     (d) advising the Debtor regarding its powers and duties in the
continued operation of its business and management of property of
the estate;

     (e) assisting the Debtor in the administration of the estate's
assets and liabilities;

     (f) preparing legal documents;

     (g) providing advice concerning the claims of secured and
unsecured creditors, prosecution or defense of all actions; and

     (h) negotiating, preparing and seeking confirmation of a plan
of reorganization.

RoseAnn Frazee, Esq., the firm's attorney who will be handling the
case, will receive an hourly fee of $400 while her paralegal,
Denali Purvis, will receive an hourly fee of $125.

The Debtor paid the amount of $5,000 to the firm as a retainer fee.


In a court filing, Ms. Frazee disclosed that she is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

Ms. Frazee holds office at:

     RoseAnn Frazee, Esq.
     Frazee Law Group
     5133 Eagle Rock Blvd.
     Los Angeles, CA 90041
     Tel: (323) 274-4287
     Fax: (323) 967-7600
     Email: roseann@freezelawgroup.com

                          About Socal MRO

Socal MRO LLC filed a petition for Chapter 11 protection (Bankr.
C.D. Calif. Case No. 21-14335) on Aug. 11, 2021, listing as much as
$500,000 in both assets and liabilities.  Moshen Zangeneh, chief
executive officer and manager, signed the petition.  Judge Scott H.
Yun oversees the case.  The Debtor tapped RoseAnn Frazee, Esq., at
Frazee Law Group as legal counsel.


SONIC AUTOMOTIVE: Moody's Rates New $1BB Sr. Unsecured Notes 'B1'
-----------------------------------------------------------------
Moody's Investors Service assigned a B1 to Sonic Automotive, Inc.'s
proposed $1.0 billion senior unsecured note offering. Sonic's Ba2
corporate family rating and Ba2-PD probability of default rating
remain unchanged. The outlook is stable.

Proceeds from the proposed $1.0 billion note offering will be used
to repay Sonic's 6.125% senior subordinated notes and partially
fund the acquisition of RFJ Auto Partners.

Assignments:

Issuer: Sonic Automotive, Inc.

Senior Unsecured Notes, Assigned B1 (LGD5)

RATINGS RATIONALE

Sonic's Ba2 corporate family rating recognizes the flexibility in
its business model that has served it well during the various
pandemic-related issues that have faced this segment, resulting in
a significantly improved quantitative profile, as well as its
strong market position with a favorable brand mix in the still very
fragmented auto retailing segment. Sonic's early recognition of the
benefits of expanding into used cars with its EchoPark dealerships
is also a credit positive, as is its enhanced liquidity. The Ba2
corporate family rating is constrained by Sonic's acquisitive
growth strategy including prudently pricing as well as quickly and
seamlessly integrating any potential acquisitions. The Ba2 also
acknowledges the current new vehicle inventory shortages the auto
retail industry is facing and the challenge of maintaining
inventory discipline and operating margins as new vehicle supply
eventually recovers.

The stable outlook reflects Moody's view that Sonic will continue
to adapt to any change in market demand by "flexing" its model as
appropriate, thus ensuring that any potential impact on its credit
profile is de minimus.

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

Ratings could be upgraded if operating performance continues to
improve and financial strategy remains balanced, both of which
include the prudent sourcing, pricing, and seamless integration of
any and all acquisitions, such that debt/EBITDA is sustained below
3.5 times, and EBIT/Interest is sustained above 5 times while
maintaining at least current levels of liquidity. Ratings could be
downgraded if liquidity were to weaken, or if via either
deteriorating operating performance or a more aggressive financial
strategy, including any acquisition missteps, debt/EBITDA rose
above 4.25 times or EBIT/interest dropped below 3 times.

Headquartered in Charlotte, North Carolina, Sonic Automotive, Inc.
is a leading auto retailer with 109 stores and revenue of
approximately $11 billion as of LTM period ending June 30, 2021.
Sonic is publicly-traded under the ticker SAH. Although it is a
public company, Sonic's founder, O. Bruton Smith, and his family
have a controlling interest in Sonic.

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


SPECTRUM LINK: UST Seeks Payment of Quarterly Fees
--------------------------------------------------
Creditors, Kenneth Thieman and Four T's, LLC filed a joinder to the
motion of the United States Trustee to dismiss or appoint a Chapter
11 Trustee with respect to Spectrum Link, Inc.  The Movants request
the appointment of a Chapter 11 Trustee, as opposed to dismissal of
the case or the appointment of a Chapter 7 trustee.  

If the Court is not inclined to appoint a Chapter 11 Trustee, the
Movants request the appointment of a Chapter 7 Trustee and that the
case not be dismissed.

A copy of the joinder is available for free at
https://bit.ly/3aHrh4X from PacerMonitor.com.

On September 29, 2021, U.S. Trustee for Region 16, Peter C.
Anderson, filed the motion to dismiss or appoint a Chapter 11
Trustee for the Debtor, disclosing that the Debtor failed to file
(i) financial statement information in the Chapter 11 Compliance
declaration, (ii) Monthly Operating Reports since filing the
bankruptcy, (iii) copies of state and federal income tax returns
for the preceding two years.  The Debtor also failed to pay
quarterly fees due to the U.S. Trustee since filing the petition.
The U.S. Trustee asks the Court to direct payment of the quarterly
fees, as well as for judgment thereon.

A copy of the UST's motion is available for free at
https://bit.ly/3vlpE6Q from PacerMonitor.com.

The Court will consider the motion on October 28, 2021 at 10 a.m.

Counsel for Kenneth Thieman, creditor:

   Marc A. Lieberman, Esq.
   Alan W. Forsley, Esq.
   Fredman Lieberman Pearl LLP
   1875 Century Park East, Suite 2230
   Los Angeles, CA 90067
   Telephone: (310) 284-7350
   Facsimile: (310) 432-5999

                        About Spectrum Link

Spectrum Link, Inc., an internet service provider in Downey,
Calif., filed a petition for Chapter 11 protection (Bankr. C.D.
Calif. Case No. 21-16403) on Aug. 11, 2021, disclosing up to
$500,000 in assets and up to $50 million in liabilities.  Marilyn
M. Adjangba, chief executive officer, signed the petition.  Judge
Vincent P. Zurzolo oversees the case.  The Law Offices of Michael
Jay Berger is the Debtor's legal counsel.



STAR GROUP: Egan-Jones Keeps BB+ Senior Unsecured Ratings
---------------------------------------------------------
Egan-Jones Ratings Company, on September 24, 2021, maintained its
'BB+' foreign currency and local currency senior unsecured ratings
on debt issued by Star Group, L.P.

Headquartered in Stamford, Connecticut, Star Group, L.P. provides
home heating products and services.



STERICYCLE INC: Egan-Jones Keeps B+ Senior Unsecured Ratings
------------------------------------------------------------
Egan-Jones Ratings Company, on September 23, 2021, maintained its
'B+' foreign currency and local currency senior unsecured ratings
on debt issued by Stericycle, Inc.

Headquartered in Bannockburn, Illinois, Stericycle, Inc. provides
regulated medical waste management services.



STONEX GROUP: Egan-Jones Keeps B+ Senior Unsecured Ratings
----------------------------------------------------------
Egan-Jones Ratings Company, on September 29, 2021, maintained its
'B+' foreign currency and local currency senior unsecured ratings
on debt issued by StoneX Group Inc. EJR also maintained its 'B'
rating on commercial paper issued by the Company.

Headquartered in New York, New York, StoneX Group Inc. is an
institutional-grade financial services network that connects
companies, organizations, and investors to the global markets
ecosystem through digital platforms, end-to-end clearing, and
execution services.



SUMMIT FINANCIAL: Seeks to Hire Arent Fox as Bankruptcy Counsel
---------------------------------------------------------------
Summit Financial, Inc. seeks approval from the U.S. Bankruptcy
Court for the Central District of California to employ Arent Fox,
LLP to serve as legal counsel in its Chapter 11 case.

The firm's services include:

     1. advising the Debtor regarding U.S. bankruptcy law and the
requirements of the Office of U.S. Trustee pertaining to its powers
and duties in the continued operation of its businesses and the
administration of its estate;

     2. preparing legal papers;

     3. negotiating with creditors in the preparation of a plan of
reorganization and assisting the Debtor in the sale of its assets;

     4. assisting in soliciting and obtaining exit financing or
debtor-in-possession financing;

     5. appearing, as appropriate, before the bankruptcy court and
other courts and the Office of the U.S. Trustee;

     6. prosecuting and defending actions commenced by or against
the Debtor, and analyzing and preparing objections to proofs of
claim filed against the estate;

     7. investigating and prosecuting preference, fraudulent
transfer and other actions arising under the Debtor's avoidance
powers; and

     8. providing other necessary legal services.

The firm's hourly rates are as follows:

     Partners                 $635 - $950 per hour
     Of Counsel               $625 - $995 per hour
     Associates               $385 - $675 per hour
     Paraprofessionals        $165 - $365 per hour

Arent Fox received pre-bankruptcy retainers in the total amount of
$70,000.

M. Douglas Flahaut, Esq., at Arent Fox, disclosed in court filings
that his firm is a "disinterested person" within the meaning of
Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     M. Douglas Flahaut, Esq.
     Arent Fox, LLP
     555 West Fifth Street, 48th Floor
     Los Angeles, CA 90013-1065
     Tel: 213-629-7400
     Fax: 213-629-7401
     Email: douglas.flahaut@arentfox.com

                    About Summit Financial Inc.

Summit Financial, Inc., which operates six high-end luxury nail
salons in Southern California, filed a petition for Chapter 11
protection (Bankr. C.D. Calif. Case No. 21-12276) on Sept. 18,
2021, listing up to $500,000 in assets and up to $10 million in
liabilities.  Judge Scott C. Clarkson presides over the case.   

M. Douglas Flahaut, Esq., at Arent Fox, LLP is the Debtor's legal
counsel.

CalPrivate Bank, a secured creditor of Summit Financial, is
represented by Mulvaney Barry Beatty Linn and Mayers LLP.


SUMMIT MIDSTREAM: Egan-Jones Keeps B Senior Unsecured Ratings
-------------------------------------------------------------
Egan-Jones Ratings Company, on September 22, 2021, maintained its
'B' foreign currency and local currency senior unsecured ratings on
debt issued by Summit Midstream Partners LP.

Headquartered in Atlanta, Georgia, Summit Midstream Partners LP is
focused on owning and operating midstream energy infrastructure
that is strategically located in the core producing areas of
unconventional resource basins, primarily shale formations, in
North America.



SYSTEM1 INC: S&P Assigns Preliminary 'B' ICR, Outlook Stable
------------------------------------------------------------
S&P Global Ratings assigned a preliminary 'B' issuer credit rating
to System1 Inc. and its financing subsidiary, Orchid Merger Sub II
LLC.

In addition, S&P assigned a preliminary 'B' issue-level rating and
'3' recovery rating to the company's proposed senior secured term
loan.

The stable outlook reflects S&P's expectation that System1 will
achieve low-double-digit percent pro forma EBITDA growth, resulting
in S&P Global Ratings-adjusted leverage in the 5x-6x range and free
operating cash flow (FOCF) to debt of 10%-15% in 2022.

Special-purpose acquisition company (SPAC) Trebia Acquisition Corp.
(to be renamed System1 Inc.) has a definitive agreement to acquire
U.S.-based digital marketing and customer acquisition services
provider System1 and antivirus services provider Protected.net.

The company plans to issue a $400 million senior secured term loan,
which--along with cash from Trebia and management and sponsor
equity--will be used to finance the transaction. The remaining
proceeds will be used to refinance existing debt, add cash to the
balance sheet, and prefund potential shareholder redemptions.

The preliminary 'B' rating reflects System1's participation in a
highly competitive and fragmented industry with low barriers to
entry, significant customer concentration, relatively small scale
of operations, and lower EBITDA margins than peers such as Red
Ventures Holdco L.P. and Centerfield Media Parent Inc. In addition,
S&P believes that the company's pay-for-performance business model
creates uncertainty in predicting future operating performance. The
company's favorable industry tailwinds and solid cash-flow
generation somewhat temper these weaknesses.

The preliminary ratings are subject to the successful completion of
the SPAC merger and recapitalization of the capital structure. S&P
said, "We will review the final transaction documentation upon the
merger's completion. If the terms and conditions of the final
documentation depart from what we have already reviewed, we could
potentially reevaluate our ratings conclusions. In particular,
Trebia's public shareholders have the right to redeem their shares
for cash, though the exact amount of redemptions will be unknown
until closer to the SPAC completion date. Our analysis assumes
there will be no redemptions by current Trebia shareholders, but
depending on the ultimate redemption amount, financing terms and
closing cash balances could differ from our base-case
projections."

System1's pay-for-performance business model makes it vulnerable to
operating-performance volatility. System1 is a digital marketing,
customer acquisition, and antivirus and adblocking subscriptions
services provider. The company aggregates data to deliver customers
with high purchase intent to its monetization partners (Google,
Microsoft, and others) to monetize user traffic through ads. It
does so primarily through its portfolio of owned and operated (o&o)
digital properties. The company's revenue model is typically a
pay-for-performance structure, where it attracts and delivers leads
and customers to its monetization partners with the expectation
that they are of high quality. The pay-for-performance nature of
these contracts poses operating uncertainty. This is because it
makes System1 vulnerable to earnings volatility from competition,
pricing for traffic acquisition onto its platform, and the quality
of leads it delivers to its clients, which can affect its future
pricing. In addition, the company's customer relationships are not
exclusive, and its monetization partners could reallocate marketing
dollars to competitors that offer a compelling alternative.

System1 is subject to significant customer concentration risk with
Google. Google is System1's largest monetization partner,
contributing about 80% of the company's advertising revenue and 67%
of total pro forma revenue when accounting for the acquisition of
Protected.net. S&P said, "We view this concentration as a material
risk. System1's relationship with Google is primarily governed by
two service contracts--one expiring in 2022 and the other in
2023--that Google has the right to cancel at any time. However, the
company has a long-standing relationship with Google, and has
repeatedly renewed its contracts, and we consider it unlikely that
either of these contracts would be terminated or not renewed.
However, any renewals with less-favorable rates would pose a risk
to System1, as would Google deciding to allocate its marketing
spending elsewhere. System1's rated peers tend to work directly
with advertisers instead of through Google, which we believe gives
them a greater flexibility to set contract terms." Despite
System1's significant customer concentration with Google, its
revenue is relatively well balanced among a number of different
industry verticals, including its three largest: privacy/security
(22% of pro forma revenue), health (18%), and finance (12%). Each
vertical is highly dependent upon favorable macroeconomic
conditions and consumer trends, but declines in one segment could
potentially be offset by gains in another.

The company has a significant amount of inorganic traffic with
limited brand recognition. About 90% of the company's advertising
user traffic is either inorganic, paid or generated through its
network partners as opposed to organically. This increases
System1's burden to effectively monetize its traffic to remain
profitable. The company is concentrated across its largest o&o
properties, with info.com and MapQuest contributing about 30% and
22%, respectively, of the total 130 million monthly visitors. The
quality of traffic and revenue-generating capabilities among its
properties is not solely defined by visitor count. However, S&P
believes the digital property concentration and significant amount
of inorganic traffic show limited brand recognition among the
company's portfolio of o&o properties.

S&P views the company as subject to disruption from changes in
data-privacy and technology if it can't adapt. System1 does not
rely on third-party cookies. Instead, it uses its large internal
database of propriety first-party data, including user search
trends and content viewership. These provide a large suite of
information that could somewhat offset limitations from changes to
data privacy. Any changes to laws or regulations that govern
System1 or the flow of information between the company and its
partners could affect its ability to obtain meaningful first-party
data and affect competitiveness. New and current competitors with
different technologies and capabilities can also pose threats to
System1 and other internet companies. To avoid losing market share,
the company must constantly integrate emerging technology and
provide it to its user base.

The acquisition of Protected.net will provide System1 with a more
stable revenue stream. Protected.net is a subscription-based
revenue model, which will provide a more predictable revenue stream
than the company's other pay-for-performance products. S&P said,
"We expect Protected.net will contribute about 20% of pro forma
revenue and 15% of pro forma EBITDA. While the business has
historically operated at a loss due to the high costs of acquiring
new subscribers, it became profitable in 2021 as it increasingly
benefited from high renewal rates. We expect it will contribute
about $10 million-$15 million of EBITDA over the next 12 months."
There are minimal costs associated with a user's subscription once
on the platform, and the company's increased marketing efforts have
led to an uptick in renewals among its user cohorts as well as a
rise in new subscribers. Still, Protected.net's subscriber base is
significantly smaller than those of larger peers such as
NortonLifeLock Inc. and Avast Software s.r.o. The company's more
limited size and brand recognition relative to larger peers could
make it difficult for Protected.net to gain market share. Any
increase in user attrition or slowed pace of new user adoption
could compress margins.

System1 benefits from favorable industry growth prospects.The
company benefits from the ongoing shift to digital customer
acquisition from offline acquisition. As more customers make their
purchase decisions online, the company has a larger pool of
potential activations. S&P views this ongoing change as a critical
component to the company's strategy in growing its network partners
business (about 5% of pro forma revenue), in which it delivers
customers and leads directly to advertisers. The company's o&o
properties will also benefit from increased online advertising.
System1's websites are not brand specific and can provide greater
pricing for System1 because the undecided shopper is more valuable
to the marketplace and demands a premium for customer conversion.

S&P sid, "The company has good cash-flow generation. We expect the
company to have healthy cash-flow generation, with FOCF to debt of
about 10%-15% in 2022, benefiting from a modest interest burden,
neutral working capital, and low capital intensity. We view this as
in line with that of peers such as LendingTree Inc. and Digital
Media Solutions Inc. but below that of Taboola Inc. and Red
Ventures. Given its track record, we expect the company to make
small tuck-in acquisitions over the next 12-24 months using cash on
the balance sheet.

'The stable outlook reflects our expectation that System1 will
benefit from the secular growth trends in digital advertising and
successfully combine and integrate Protected.net. We expect the
company will achieve pro forma EBITDA growth in the
low-double-digit percentages, resulting in S&P Global
Ratings-adjusted leverage in the 5x-6x range and FOCF to debt of
10%-15% in 2022.

"We could lower the rating if System1's FOCF to debt falls below
10% on a sustained basis." This could stem from:

-- More intense competition within the open web space leading to
significant pricing pressures, major client losses, or both;

-- The company renewing its service contract with Google at
less-favorable terms, thereby pressuring margins;

-- Advertisers shifting more of their marketing budgets toward
social and search platforms, affecting the growth of advertising
spending on System1's owned and operated properties; or

-- The company pursuing a more aggressive financial policy of
material debt-financed acquisitions or shareholder distributions.

Although unlikely over the next 12 months, S&P could raise the
rating if the company:

-- Meaningfully increases its scale, diversifies customers and end
markets, and improves its EBITDA margins; and

-- Exhibits a track record of maintaining leverage below 4x.



TACALA INVESTMENT: Moody's Alters Outlook on B3 CFR to Stable
-------------------------------------------------------------
Moody's Investors Service changed Tacala Investment Corp.'s outlook
to stable from negative. At the same time, Moody's affirmed
Tacala's corporate family rating at B3, its probability of default
rating at B3-PD, its first lien senior secured bank facilities
rating at B2 and second lien bank term loan at Caa2.

The affirmation and outlook change to stable reflects Tacala's
positive operating performance over the last twelve months despite
challenging conditions related to the coronavirus pandemic, and
Moody's expectation for further growth over the next twelve months
as consumers continue to spend on food-away from home, through both
positive same store sales, new store openings and acquisitions.
Tacala's restaurant portfolio is comprised of Taco Bell
restaurants, which boast a solid track record of same store sales
growth, while its drive through and curbside pickup capabilities
have helped more than offset in store dining restrictions. This
performance has allowed the company to materially reduce leverage
since its last debt funded dividend late last year, with
debt-to-EBITDA declining to about 6.6 times as of June 2021 from
around 7.3 times at year-end 2020.

Outlook Actions:

Issuer: Tacala Investment Corp.

Outlook, Changed To Stable From Negative

Affirmations:

Issuer: Tacala Investment Corp.

Probability of Default Rating, Affirmed B3-PD

Corporate Family Rating, Affirmed B3

1st Lien Senior Secured Bank Credit Facility, Affirmed B2 (LGD3)

2nd Lien Senior Secured Bank Credit Facility, Affirmed Caa2
(LGD5)

RATINGS RATIONALE

Tacala's B3 corporate family rating reflects governance
considerations, particularly the company's private equity ownership
and aggressive financial strategy as evidenced by multiple debt
funded dividends to its financial sponsor which have led to
continued high financial leverage. The rating also reflects the
company's modest scale with regards to revenue and number of
restaurants, geographic concentration in Texas and the Southeast
US, and material capital spending requirements. Tacala benefits
from the strength and brand awareness of the Taco Bell brand,
positive same store sales, with growth in revenue and EBITDA, aided
by new store development, remodeling and acquisitions. Tacala also
benefitted from the continuation of drive-through operations that
helped offset coronavirus related in-store dining restrictions.
Liquidity is good, supported by an undrawn $30 million revolver
(due 2025), balance sheet cash, and the expectation that capital
expenditures will be funded by cash flows.

Tacala's private ownership is a rating factor given the potential
implications from both a capital structure and operating
perspective. Financial policies are always a key concern of
privately-owned companies with regards to the potential for higher
leverage, extractions of cash flow via dividends, or more
aggressive growth strategies.

Restaurants are deeply entwined with sustainability, social and
environmental concerns given their operating model with regards to
sourcing food and packaging, as well as having an extensive labor
force and constant consumer interaction. While these may not
directly impact the credit, these factors could impact brand image
and result in a more positive view of the brand overall.

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

The stable outlook reflects Moody's expectation that absent
additional debt-funded shareholder returns. credit metrics will
gradually improve through revenue and EBITDA growth. Should
shareholder returns occur, Moody's expects leverage to return to
acceptable levels quickly through continued earnings growth.

The ratings could be downgraded if operating performance weakens
such that liquidity is hampered and credit metrics remain above the
ratings threshold, including debt/EBITDA sustained above 6.75x or
EBIT/interest sustained below 1.25x.

Ratings could be upgraded if the company pursues a more balanced
financial policy and sustainably improves credit metrics.
Quantitative metrics include debt/EBITDA sustained below 5.5x,
EBIT/interest near 1.75x, while maintaining good liquidity.

Headquartered in Vestavia Hills, Alabama, Tacala owns and operates
over 330 Taco Bell franchised restaurants in Texas and the
Southeastern US. Revenue for the last twelve-month period ended
6/15/2021 was approximately $544 million. Tacala is majority owned
by Altamont Capital Partners.

The principal methodology used in these ratings was Restaurants
published in August 2021.


TAMARACK RESORT: MMG Equity Takes Full Control of Company
---------------------------------------------------------
Don Day OF BoiseDev reports that the ownership mix at Tamarack
Resort has changed again -- with two partners exiting, and a
Florida-based investment company taking control.

Imperium Blue, which bought the resort along with MMG Equity
Partners in 2018, sold its interest to MMG.

MMG describes itself as "a privately-owned investment company" and
says it works on "acquisition of commercial properties in Florida."
Beyond Florida, it owns or has stakes in Village at Copper
Mountain in Colorado and several other commercial properties at ski
resorts.

The 2018 deal combined MMG with The Imperium Companies and Blue
River Family Office Partners. The latest announcement removes
Imperium and Blue River from the ownership picture.

Investments said to continue

Imperium Blue's Kyle Mowitz was the public face of the acquisition,
appearing in front of the Idaho Land Board, and conducting media
interviews. Now, his firm will exit the venture.

"We are immensely proud of what the entire team has accomplished
over the past three years at Tamarack Resort and remain very
excited about what lies ahead for the future of Tamarack," Mowitz
said in a release.

Just this week, Tamarack indicated it had a deal in place to
acquire the portion of the Osprey Meadows course it did not already
own and said it hoped to reopen the course in phases starting next
year. Resort officials announced several other plans earlier this
2021.

"Our additional investment into Tamarack underscores our family's
commitment to the resort," MMG managing partner Gabriel Navarro
said. "We continue to move forward on all of the initiatives that
have previously been outlined by the partnership including
expanding the resort, reopening the Osprey Meadows Golf Course, the
addition of the marina on Lake Cascade, and the addition of a hotel
within the resort."

MMG, Imperium, and Blue River first teamed in 2016 to acquire a
portfolio of ski resort assets for $103-million.

Tamarack president Scott Turlington will remain at the helm of
Tamarack.

"The progress made by this partnership since the resort was
acquired has been nothing short of remarkable," Turlington said. "I
look forward to continuing to execute on our plan and vision."

Ownership at Tamarack has changed a number of times since
conception in the 1980s, including entering bankruptcy under two
different ownership groups.

                    About Tamarack Resort

Tamarack Resort LLC, a golf and ski resort in Valley County, Idaho,
was sent to Chapter 7 after creditors submitted an involuntary
petition (Bankr. D. Idaho Case No. 09-03911).  The petitioning
creditors include an affiliate of Bank of America Corp. owed $4.7
million.

On April 9, 2010, Bankruptcy Judge Terry Myers signed an order
converting Tamarack Resort LLC's involuntary chapter 7 case to a
chapter 11 reorganization.

The project's 27.5% owner, VPG Investments Inc., filed for Chapter
11 reorganization in 2008, only to have the petition dismissed in
October 2008 at the request of the secured creditor, Credit Suisse,
Caymans Islands Branch. VPG was controlled by Mexican businessman
Alfredo Miguel Afif.  Credit Suisse, the agent for the secured
lenders, characterized VPG's Chapter 11 case as "a classic example
of a bad faith filing" made "solely as a litigation tactic" to stop
foreclosure.

In January 2011, Bankruptcy Judge Terry Myers dismissed Tamarack
Resort's Chapter 11 protection, sending it back to state court
where foreclosure proceedings would eventually proceed to a
sheriff's sale.


TECOSTAR HOLDINGS: Moody's Cuts CFR to Caa1 & 1st Lien Loan to B3
-----------------------------------------------------------------
Moody's Investors Service downgraded TecoStar Holdings, Inc.'s
Corporate Family Rating to Caa1 from B3 and its Probability of
Default Rating to Caa1-PD from B3-PD. Moody's also downgraded the
company's secured first lien term loan rating to B3 from B2. The
outlook is stable.

The ratings downgrade reflects a significant increase in leverage
owing to the company's slow pace of recovery from the disruptions
caused by the coronavirus crisis. The company's debt/EBITDA was
10.4 times (including certain management addbacks) at the end of
June 2021, primarily because of weak earnings in recent quarters.
TecoStar increased the size of its 1st lien term loan by $75
million on October 1, 2021 through an amendment to its credit
agreement with lenders. This transaction increased the company's
pro forma leverage to 11.2 times as of June 2021. The funds raised
through this add-on transaction were used to fully pay off the
outstanding balance on the Asset-Based Lending (ABL) revolver,
transaction fees and to supplement cash on hand.

Governance risk considerations are material to the rating. Moody's
views the use of add-on debt as an aggressive financial policy.
Moody's recognizes that the term loan add-on would provide the
company liquidity buffer until the business volumes and
profitability recover. However, the add-on comes at a time when the
company's profitability is challenged, and uncertainty exists
regarding the swift recovery of the company's business volumes and
profits.

Ratings downgraded:

TecoStar Holdings, Inc.

Corporate Family Rating to Caa1 from B3

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

$800 million senior secured first lien term loan due 2024 to B3
(LGD3) from B2 (LGD3)

Outlook action:

TecoStar Holdings, Inc.

Outlook remains stable

RATINGS RATIONALE

TecoStar's Caa1 CFR reflects the company's very high financial
leverage, high customer concentration, and business risks
associated with the contract manufacturing business. The business
risks include potential fluctuations in medical device customer
demand and inventory levels, less favorable payment terms offered
by large medical device customers and industrywide pricing
pressure. Moody's estimates that the company's debt/EBITDA will
decline from the current 11.2 times (pro forma for the add-on
transaction) to below 8.0 times in 2022 as the company gradually
recovers from the disruptions caused by the coronavirus pandemic.
However, the pace of deleveraging depends on multiple factors
including business volume recovery, the impact of labor
shortages/wage inflation and uncertainty related to customers'
inventory management. TecoStar's top five customers represent
approximately 65% of sales. The company's financial policies are
considered aggressive, as evidenced by the debt-financed dividend
in early 2020 and the recent debt add-on transaction.

The Caa1 CFR benefits from the company's competitive scale in a
highly fragmented medical device contract manufacturing industry.
TecoStar's expertise in providing contract manufacturing services
to the aerospace and defense industry, a small but growing business
for the company, also provides diversification benefits. The
company's rating also benefits from regulatory constraints which
makes switching costs for its customers is high.

The B3 rating on the first lien secured term loan is one notch
higher than the company's Caa1 CFR. The one-notch uplift reflects
benefits from loss absorption provided by the existence of $225
million second lien secured term loan.

TecoStar's liquidity is good. The liquidity is supported by
approximately $80 million in estimated cash (after term loan
upsize) and full availability under the company's $70 million ABL
revolver. The company can comfortably cover its mandatory debt
amortization as well as required capital expenditure with the
available cash. Moody's further expects that the company will
generate $5-$10 million in free cash flow in the next 12 months.
Moody's notes that the company's fixed charge coverage ratio (an
ABL covenant) has dipped below 1.0 times at the end of June 2021,
which is credit negative.

The stable outlook reflects Moody's view that TecoStar will
deleverage gradually in the next 12-18 months, primarily through
business volume recovery and earnings growth.

Social and governance considerations are material to the ratings.
For TecoStar, the social risks are primarily associated with
responsible production including compliance with regulatory
requirements for the safety of medical devices as well as adverse
reputational risks arising from recalls associated with
manufacturing defects. Additionally, the company's financial
policies are expected to remain aggressive reflecting its ownership
by a private equity investor Charlesbank Capital Partners, LLC. In
early 2020 the TecoStar raised $165 million in incremental first
lien debt to pay a dividend to shareholders.

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

The ratings could be downgraded if the company's business/profit
recovery stalls, liquidity deteriorates, or if the company further
employs an aggressive financial policy that increases financial
leverage.

The ratings could be upgraded if the company sustains revenue
growth, generates positive free cash flow, and maintains a fixed
charge coverage ratio above 1.0 times. Quantitatively, ratings
could be upgraded if debt/EBITDA is sustained below 7.5 times.

The principal methodology used in these ratings was Medical
Products and Devices published in October 2021.

Headquartered in Wilmington, Massachusetts, TecoStar Holdings, Inc.
performs contract manufacturing services, primarily for companies
within the medical device industry. Charlesbank Capital Partners,
LLC is the majority shareholder in TecoStar. The company's revenues
for the last twelve months were approximately $446 million.


TEGNA INC: Egan-Jones Keeps CCC+ Senior Unsecured Ratings
---------------------------------------------------------
Egan-Jones Ratings Company, on September 20, 2021, maintained its
'CCC+' foreign currency and local currency senior unsecured ratings
on debt issued by TEGNA Inc. EJR also maintained its 'B' rating on
commercial paper issued by the Company.

Headquartered in Tysons, Virginia, TEGNA Inc. is a broadcasting,
digital media and marketing services company.



TELIGENT INC.: Has Court OK to Tap $6M to Fund 3-Month Sale Process
-------------------------------------------------------------------
Jeremy Hill of Bloomberg News reports that generic drugmaker
Teligent Inc. won bankruptcy court approval to tap $6 million of
fresh cash provided by senior lenders, clearing the way for its
sale process.

U.S. Bankruptcy Judge Brendan Shannon approved Teligent's
bankruptcy financing request on an interim basis, which includes a
roll-up of $16 million of first-lien debt.

While such a roll-up on the first day of a case is unusual, Shannon
said in this instance it's "not inappropriate" and is unlikely to
make a significant difference in the case."

Teligent will ask to access another $6 million of new money at a
later hearing.

                         About Teligent Inc.

Teligent, Inc., a specialty generic pharmaceutical company,
develops, manufactures, markets, and sells generic topical, branded
generic, and generic injectable pharmaceutical products in the
United States and Canada. The company was formerly known as IGI
Laboratories, Inc. and changed its name to Teligent, Inc. in
October 2015. Teligent, Inc. was founded in 1977 and is based in
Buena, New Jersey.

Teligent Inc. and three affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 21-11332) on Oct. 14, 2021.  The
cases are handled by Honorable Judge Brendan Linehan Shanno.

The Debtor disclosed total assets of $85.0 million and total debt
of $135.8 million as of Aug. 31, 2021.

Young Conaway Stargatt & Taylor, LLP and K&L Gates LLP are the
Debtors' attorneys.  Portage Point Partners, LLC, is the Debtors'
restructuring advisor.  Raymond James & Associates, Inc., is the
Debtors' investment banker.  Epiq Corporate Restructuring, LLC, is
the claims agent.


TENNECO INC: Egan-Jones Keeps B- Senior Unsecured Ratings
---------------------------------------------------------
Egan-Jones Ratings Company, on September 27, 2021, maintained its
'B-' foreign currency and local currency senior unsecured ratings
on debt issued by Tenneco Inc. EJR also maintained its 'C' rating
on commercial paper issued by the Company.

Headquartered in Lake Forest, Illinois, Tenneco Inc. designs,
manufactures, and markets emission control and ride control
products and systems for the automotive original equipment market
and the aftermarket.



TERADATA CORP: Egan-Jones Cuts Senior Unsecured Ratings to BB-
--------------------------------------------------------------
Egan-Jones Ratings Company, on September 23, 2021, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Teradata Corporation to BB- from B+.

Headquartered in San Diego, California, Teradata Corporation
operates as a database management company in the technology
industry.



THREESQUARE LLC: Updates Plan to Include IRS Claims Pay Details
---------------------------------------------------------------
ThreeSquare, LLC, submitted a Third Amended Disclosure Statement
dated Oct. 14, 2021, explaining its Plan of Reorganization.

The Debtor's case reflects claims filed by general, unsecured
claims of $36,988 and a previously disputed claim of Matador Solar
Partners, LLC in the amount of $379,051.  The Debtor has a
post-petition tax claim owed to the Internal Revenue Service in the
amount of $4,980.

The Plan contemplates 36 monthly distributions to secured
creditors, Post-Petition Tax Creditors, and a biannual distribution
for a total of 6 distributions to general, unsecured creditors.
The distribution will be from the profits realized from the
Debtor's rental income and management fees.  The distributions will
pay Class II Claims (Secured Tax Claims of the Sheriff of Jefferson
County, West Virginia), Class III Claims (Secured Claims of United
Bank) and the West Virginia Economic Development Authority), Class
IV Claims (General, Unsecured Claimants), Class V Claims (IRS).
Class VI Claims (David Andrew Levine and Monica Larson Levine) will
receive no distribution.

The Third Amended Disclosure Statement adds the Class V
Post-Petition Tax Claims (IRS).  This Class consists of the
postpetition claim of Internal Revenue Service in the amount of
$4,980.  The Debtor will request a waiver or reduction of interest
and penalties pursuant to IRS's First Time Abatement Policy, or
alternatively, another administrative waiver.  If the Debtor is
unable to resolve the claim, this claim will be paid as follows:
monthly, installment payments of $138.33 per month for 36 months
from the effective date.  This claim is not impaired under the
Plan.

Class VI consists of Equity Shareholders David Andrew Levine and
Monica Larson Levine.  The claimants of this class  have the
potential to receive a distribution after all Class IV Creditors
are paid in full. The Debtor does not expect any proceeds for this
claimant and therefore this claim is impaired under the Plan.  The
principals will make a capital contribution in the way of payment
of all outstanding attorney fees, a additional capital contribution
of $7,500 upon the effective date of the Plan and as a result are
entitled to keep their ownership interest in the Debtor.

Like in the prior iteration of the Plan, Class IV General Unsecured
Claims will receive a pro rata distribution of remaining rental
proceeds.  The Debtor estimates that creditors in this class will
receive from 5% to 6% of each creditor's claim.  These claims are
impaired under the Plan.

The distribution will be from the profits realized from the
Debtor's rental income and management agreement.

A full-text copy of the Third Amended Disclosure Statement dated
Oct. 14, 2021, is available at https://bit.ly/2Z2m8lV from
PacerMonitor.com at no charge.

Counsel for Debtor:

     Brian R. Blickenstaff, Esq.
     Turner & Hohns, PLLC
     808 Greenbrier Street
     Charleston, WV 25311
     Phone No: (304)720-2300
     Fax No: (304)720-2311
     E-mail: bblickenstaff@turnerjohns.com

                   About ThreeSquare LLC

ThreeSquare, LLC, a West Virginia corporation which has been in
business since 2002, which business consists of renting commercial
property for retail and/or office space to interested tenants.

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. N.D.
W.Va. Case No. 19-00975) on Nov. 12, 2019.  The Debtor was
estimated to have $500,001 to $1 million in assets and less than
$10 million in liabilities.  Judge Frank W. Volk oversees the case.
The Debtor hired Turner & Johns, PLLC, as its legal counsel.


TIX CORPORATION: Seeks to Tap Greenberg Traurig as Special Counsel
------------------------------------------------------------------
Tix Corporation and Tix4Tonight, LLC seek approval from the U.S.
Bankruptcy Court for the District of Nevada to hire Greenberg
Traurig, LLP to provide legal advice on general corporate and
securities matters to the Debtors' management and board of
directors.

The firm will be paid as follows:

     Shareholders                   $575 - $1,500 per hour
     Of Counsel                     $550 - $1,285 per hour
     Associates                     $225 - $945 per hour
     Legal Assistants/Paralegals    $100 - $465 per hour

Doron Lipshitz, Esq., a shareholder of Greenberg Traurig, disclosed
in a court filing that the firm neither holds nor represents an
adverse interest in connection with the Debtors' Chapter 11 cases.

The firm can be reached through:

     Doron Lipshitz, Esq.
     Greenberg Traurig, LLP
     MetLife Building, 200 Park Avenue
     New York, NY 10166
     Phone: +1 212-801-9200
     Email: lipshitzd@gtlaw.com

                       About Tix Corporation

Tix Corporation and Tix4Tonight, LLC filed Chapter 11 bankruptcy
petitions (Bankr. D. Nev. Lead Case No. 21-14170) on Aug. 24, 2021.
At the time of the filing, the Debtors listed as much as $10
million in both assets and liabilities.  Judge Natalie M. Cox
oversees the cases.  

The Debtor tapped Griffin Hamersky, LLP as bankruptcy counsel;
Schwartz Law, PLLC as Nevada counsel; Greenberg Traurig, LLP as
special corporate and securities counsel; and Rock Creek Advisors,
LLC as financial advisor.


TOWN & COUNTRY: Cash Collateral Access Terminated
-------------------------------------------------
Judge Jacqueline P. Cox of the U.S. Bankruptcy Court for the
Northern District of Illinois entered an order concluding the
authority of Town & Country Partners, LLC to use cash collateral as
of 5 p.m. on October 12, 2021, pursuant to the terms of the interim
order entered on Oct. 7, 2021.

A copy of the concluding order, dated Oct. 12, 2021, is available
for free at https://bit.ly/2YKzDGd from PacerMonitor.com.

The prior Oct. 7 ruling provided, among others, that:

   * the Debtor's authority to use cash collateral expires at 5
p.m. (CT) on the date of the continued hearing on Oct. 12, 2021
unless expressly extended by a further interim order; and

   * the Debtor's authority to use cash collateral will be
terminated on the date of entry of an order granting a motion to
appoint a trustee or an examiner with expanded powers in the
Debtor's bankruptcy case.

A copy of the Oct. 7 cash collateral order is available for free at
https://bit.ly/3auQks0 from PacerMonitor.com.

As of Oct. 12, no further interim order has been entered in the
Debtor's case extending its authority to use the cash collateral.
Also on Oct. 12, Judge Cox entered an order granting the U.S.
Trustee's motion to appoint a case trustee, or, in the alternative,
convert the Debtor's case to a Chapter 7 case.  Judge Cox thereby
authorized and directed the U.S. Trustee to appoint a Chapter 11
Trustee for the Debtor, pursuant to said order.  Toorak Capital
Partners, LLC, the Debtor's Lender, has previously filed a joinder
to the U.S. Trustee's motion.  

The Lender is owed $9,467,860 as of the Petition Date, exclusive of
certain costs, expenses and attorney's fees.  It asserts first
priority liens on the collateral securing the Debtor's
indebtedness.

Before the Debtor's bankruptcy filing, the Porter County, Indiana
Circuit Court announced that it would grant summary judgment in
favor of the Lender.  The Lender has sued the Debtor for breach of
a $7.28 million prepetition note, having failed to pay under the
Note since December 2019.  The Debtor filed for bankruptcy before
the State Court could enter an order granting the summary
judgment.

Toorak Capital Partners, LLC is represented by:

   Jerry L. Switzer, Esq.
   Polsinelli PC
   150 N. Riverside Plaza, Ste. 3000
   Chicago, IL 60606
   Telephone: (312) 873-3626 (direct)
   Facsimile: (312) 893-2005
   Email: jswitzer@polsinelli.com

                 About Town & Country Partners LLC

Town & Country Partners, LLC filed a petition for Chapter 11
protection (Bankr. N.D. Ill. Case No. 21-08430) on July 14, 2021,
listing up to $50 million in assets and up to $10 million in
liabilities.  Judge Jacqueline P. Cox oversees the case.  Benjamin
Legal Services, PLC, led by Kevin Benjamin, Esq., is the Debtor's
legal counsel.  Polsinelli PC serves as counsel for Toorak Capital
Partners, LLC, prepetition lender.



TOWN & COUNTRY: Court Directs Ch. 11 Trustee Appointment
--------------------------------------------------------
Judge Jacqueline P. Cox of the U.S. Bankruptcy Court for the
Northern District of Illinois granted the motion of the U.S.
Trustee to, among other things, appoint a Chapter 11 Trustee in the
case of Town & Country Partners, LLC.  Judge Cox authorized and
directed the U.S. Trustee to appoint a Chapter 11 Trustee for the
Debtor.  

The Court will convene a status hearing on the matter on October
26, 2021 at 2 p.m.  

The Debtor's authority to use the cash collateral of Lender, Toorak
Capital Partners, LLC has been terminated as result of the current
order.  

A copy of the order is available for free at https://bit.ly/3BTcgJk
from PacerMonitor.com.

                 About Town & Country Partners LLC

Town & Country Partners, LLC filed a petition for Chapter 11
protection (Bankr. N.D. Ill. Case No. 21-08430) on July 14, 2021,
listing up to $50 million in assets and up to $10 million in
liabilities.  Judge Jacqueline P. Cox oversees the case.  Benjamin
Legal Services, PLC, led by Kevin Benjamin, Esq., is the Debtor's
legal counsel.  Polsinelli PC serves as counsel for Toorak Capital
Partners, LLC, the prepetition lender.


TRANSALTA CORP: Egan-Jones Keeps BB Senior Unsecured Ratings
------------------------------------------------------------
Egan-Jones Ratings Company, on September 20, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by TransAlta Corporation.

Headquartered in Calgary, Canada, TransAlta Corporation is a
non-regulated electric generation and marketing company with its
growth focused in developing coal and gas-fired generation.



TRIDENT BRANDS: Delays Filing of Form 10-Q for Period Ended Aug. 31
-------------------------------------------------------------------
Trident Brands Incorporated filed a Form 12b-25 with the Securities
and Exchange Commission notifying the delay in the filing of its
Quarterly Report on Form 10-Q for the period ended Aug. 31, 2021.
The Company said it is unable to file, without unreasonable effort
and expense, its Form 10-Q Quarterly Report for the quarter ended
Aug. 31, 2021 because its auditor has not completed their review of
the Form 10-Q.  The Form 10-Q will be filed on or before the 5th
calendar day following the prescribed due date of the Company's
Form 10-Q.

The Company anticipates that its loss from operations for the
quarter ended Aug. 31, 2021 will be approximately $536,000 compared
with a net loss from operations of approximately $855,000 in the
comparable prior period.  The approximate $319,000 decrease in loss
from operations was due primarily to an approximate $413,000
decrease in General and administrative expense partially offset by
a $94,000 decrease in gross margin, which resulted from an
approximate $246,000 decrease in revenue.

                      About Trident Brands

Based in Brookfield, Wisconsin, Trident Brands Incorporated, f/k/a
Sandfield Ventures Corp., was initially formed to engage in the
acquisition, exploration and development of natural resource
properties, but has since transitioned and is now focused on
branded consumer products and food ingredients.  The Company is in
the early growth stage and has commenced commercial activities
following a period of organization and development of its business
plan.

Trident Brands reported a a net loss of $5.39 million for the 12
months ended Nov. 30, 2020, compared to a net loss of $12.22
million for the 12 months ended Nov. 30, 2019.  As of Feb. 28,
2021, the Company had $1.77 million in total assets, $30.73 million
in total liabilities, and a total stockholders' deficit of $28.96
million.  As of May 31, 2021, the Company had $1.78 million in
total assets, $31.15 million in total liabilities, and a total
stockholders' deficit of $29.37 million.

MaloneBailey, LLP, in Houston, Texas, the Company's auditor since
2015, issued a "going concern" qualification in its report dated
March 16, 2021, citing that the Company has suffered recurring
losses from operations and has a net capital deficiency that raises
substantial doubt about its ability to continue as a going concern.


TRUE ENTERPRISE: Case Summary & 6 Unsecured Creditors
-----------------------------------------------------
Debtor: True Enterprise, LLC
        2250 S.W. 208th Ave.
        Hollywood, FL 33029

Business Description: True Enterprise is a licensed compost
                      facility in Broward County that properly
                      disposes of vegetative landscaping waste by
                      recycling it into composted soil.

Chapter 11 Petition Date: October 18, 2021

Court: United States Bankruptcy Court
       Southern District of Florida

Case No.: 21-19977

Judge: Hon. Scott M. Grossman

Debtor's Counsel: David Brown, Esq.
                  DAVID MARSHALL BROWN, P.A.
                  6078 Tower Road
                  Tallassee, TN 37878
                  Tel: 865-256-0566
                  E-mail: davidbrownfll@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Ron Nigro, trustee of The Ron Nigro
Living Trust.

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

https://www.pacermonitor.com/view/RHXMDXI/True_Enterprise_LLC__flsbke-21-19977__0002.0.pdf?mcid=tGE4TAMA

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

https://www.pacermonitor.com/view/LPL7BRA/True_Enterprise_LLC__flsbke-21-19977__0001.0.pdf?mcid=tGE4TAMA


TURNING POINT: Moody's Confirms 'B2' CFR, Outlook Stable
--------------------------------------------------------
Moody's Investors Service confirmed the ratings of Turning Point
Brands, Inc. including its B2 Corporate Family Rating, B2-PD
Probability of Default Rating and Ba3 rating of its senior secured
notes due 2026. The speculative grade liquidity rating remains
SGL-1. The action concludes the review initiated on September 21,
2021. The rating outlook is stable.

On October 11, 2021, Turning Point disclosed that the company was
notified by the Food and Drug Administration (FDA) that the agency
rescinded its September 14, 2021 Market Denial Order (MDO) for
certain of its vapor products with pending Pre-market Tobacco
Product Applications (PMTA) under review. As per Turning Point, the
FDA's letter stated, "Upon further review of the administrative
record, FDA found relevant information that was not adequately
assessed. Specifically, your applications did contain randomized
controlled trials comparing tobacco-flavored ENDS (electronic
nicotine delivery systems) to flavored ENDS as well as several
cross-sectional surveys evaluating patterns of use, likelihood of
use, and perceptions in current smokers, current ENDS users, former
tobacco users, and never users, which require further review." The
letter further clarified that "at present, in light of the unusual
circumstances, FDA has no intention of initiating an enforcement
action against" the products. The FDA's recission is not yet an
approval of the PMTA but allows the company to sell its liquid
vapor products on the market while the FDA continues its review
process.

Moody's originally placed Turning Point's ratings under review for
downgrade on September 21, 2021 based on the FDA's Market Denial
Order. As a result of the recission by the FDA, Moody's is
confirming the company's existing ratings because the rating agency
expects that there will be no material impact to the company's
operating performance and free cash flows as a result of the FDA's
previous actions. Moody's believes the reversal by the FDA
diminishes social risks with respect to the current regulatory
requirements because the company can continue to sell its liquid
vapor products while the FDA continues with its review process.

Moody's also confirmed the ratings because Turning Point continues
to generate good free cash flow and is executing well on its
strategy to grow revenue and broaden its portfolio of new
generation related products. Debt to EBITDA (Moody's-adjusted) was
4.5x as of June 30, 2021 and Moody's expects will remain around
4.0x to 4.5x over the next 12-18 months. Any acquisitions will be
funded with cash on hand, which totaled $157 million as of June 30,
2021. Additionally, Moody's believes that if the MDO is reinstated
or the PMTA is not approved, the impact to the company could be
modest if the scope of such actions is limited to nicotine in
liquidity form. In such a situation, consumers can transition to
synthetic nicotine and continue to use Turning Point's vapor
hardware products, and this would limit the overall negative effect
on Turning Point's revenue and earnings from such FDA actions.
However, the FDA's position or plans for synthetic nicotine remains
unclear.

The following ratings/assessments are affected by the action:

Rating Confirmations:

Issuer: Turning Point Brands, Inc.

Corporate Family Rating, Confirmed at B2

Probability of Default Rating, Confirmed at B2-PD

Senior Secured Regular Bond/Debenture, Confirmed at Ba3 (LGD2)

Outlook Actions:

Issuer: Turning Point Brands, Inc.

Outlook, Changed To Stable From Rating Under Review

RATINGS RATIONALE

Turning Point's B2 CFR reflects the company's moderate financial
leverage, its relatively small size, and the elevated execution
risks associated with pursuing an acquisition-heavy growth strategy
with investments into new generation products. Turning Point
competes against significantly larger, better resourced, and
well-known branded tobacco manufacturers, as well as a variety of
smaller companies focused on niche market segments. Regulatory
risks will remain high over the next year given the highly
regulated nature of its products and focus by the FDA on the
e-vapor category. Turning Point's credit profile benefits from good
market share and position in niche tobacco categories, good free
cash flow generation ability, and minimal capital spending
requirements in its asset-light model. The company also has very
good liquidity.

The coronavirus outbreak and the government measures put in place
to contain it continue to disrupt economies and credit markets
across sectors and regions. 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 Moody's forecasts is unusually high leading to wide
potential variations in demand for tobacco products. Moody's
regards the coronavirus outbreak as a social risk under its ESG
framework, given the substantial implications for public health and
safety.

The US tobacco sector is heavily exposed to social risks related to
consumer lifestyle changes, regulation, and moderating litigation.
The tobacco sector is also moderately exposed to environmental
risks such as air pollution and responsible agriculture. These
factors will continue to play an important role in evaluating the
overall creditworthiness of US tobacco companies, like Turning
Ponit, particularly as the industry continues to evolve and focus
on next-generation reduced health-risk products.

Turning Point is a widely held publicly traded company that has
high financial leverage. The share ownership structure was
simplified with the completion in July 2020 of the merger of
Standard Industries into a subsidiary of Turning Point, which is
now the sole stock issuer. Hedge fund Standard General has
influence on financial policies through its 21% ownership interest
and representation by two of Turning Point's seven board members.
Moody's expect the company to continue to focus on business
expansion as it seeks to grow its NewGen products. The company has
prioritized expansion in its business over debt reduction and
acquisitions are an event risk.

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

The stable outlook reflects Moody's expectation that the company's
operating performance will remain stable, that regulatory actions
will not meaningfully restrict Turning Point's marketable product
base, and debt/EBITDA will remain between 4.0x and 4.5x over the
next 12-18 months as it deploys cash to pursue increased investment
and acquisitions into new-generation categories. The stable outlook
also reflects Moody's expectation that the company will generate
modest free cash flow and maintain very good liquidity.

Moody's could downgrade the ratings if financial leverage is
sustained above 5.0x debt to EBITDA, operating performance
deteriorates, distribution of the company's products is reduced or
halted due to regulatory actions, or if the company's liquidity
weakens.

Although highly unlikely at this time, Moody's could upgrade the
ratings if the company increases its scale while reducing financial
leverage below 3.0x debt to EBITDA. The company would also need to
successfully integrate acquisitions as well as maintain growth
across its businesses as whole with a stable to higher EBITDA
margin before Moody's would consider an upgrade.

The principal methodology used in these ratings was Consumer
Packaged Goods Methodology published in February 2020.

Turning Point manufactures and sells smokeless tobacco products,
smoking products, and new-generation (NewGen) products. Smokeless
products include loose leaf chewing tobacco, moist snuff, moist
snuff pouches, and snus. Smoking products consist of cigarette
papers, large cigars, make-your-own (MYO) cigar wraps, MYO cigar
smoking tobacco, MYO cigarette smoking tobacco and traditional pipe
tobacco. The NewGen products consist of liquid vapor products,
tobacco vaporizer products, a range of non-tobacco products, and
other non-nicotine products. Turning Point's brands include
Zig-Zag, Beech-Nut, Stoker's, Trophy, Havana Blossom, Durango, Our
Pride and Red Cap. Turning Point is publicly traded with an
approximate 21% ownership by hedge fund Standard General. Annual
revenues are approximately $440 million for the last twelve-month
period ending June 2021.


UFS HOLDINGS: S&P Withdraws 'CCC-' Issuer-Credit Rating
-------------------------------------------------------
On Oct. 15, 2021, S&P Global Ratings withdrew all ratings on UFS
Holdings Inc., including its 'CCC-' issuer-credit rating on the
company, at the issuer's request. The outlook was negative at the
time of withdrawal.



UNITED NATURAL FOODS: S&P Upgrades ICR to 'B+', Outlook Stable
--------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on U.S.-based
wholesale food distributor United Natural Foods Inc. (UNFI) to 'B+'
from 'B' and the senior unsecured notes rating to 'B-' from
'CCC+'.

At the same time, S&P raised its rating on the company's $1.8
billion secured term loan due 2025 to 'BB-' from 'B.' The improved
recovery rating reflects its expectation for substantial recovery
('2'; rounded estimate: 70%) in the event of default.

The upgrade reflects UNFI's improved operating performance and
credit metrics. The company continued to post strong results in
fiscal 2021 (ending July 31, 2021), with fourth-quarter sales
increasing about 1.6% from the third quarter thanks to market share
gains driven by cross-selling between the company's conventional
and natural businesses and customer wins as food-at-home demand
remained robust throughout the year. The company's retail
operations are also benefiting from a supportive grocery
environment with retail sales growing about 3% year over year in
fiscal 2021. The company was also able to improve its profitability
during the year through operational efficiency gains, in particular
by generating additional benefits from its 2018 Supervalu
acquisition through reduced restructuring and integration-related
expenses.

The company used its excess cash flow, including from asset sale
proceeds, to reduce net debt by more than $300 million compared to
the end of fiscal 2020. As a result, adjusted debt to EBITDA
improved to 4.7x as of the end of fiscal 2021. S&P said, "While we
anticipate sales growth to slow due to the partial return to food
away from home, we believe the company will continue to reduce
leverage through earnings growth and debt pay-down with adjusted
leverage remaining around the mid-4.5x area on a sustained basis.
As such, we revised our assessment of the financial risk profile to
aggressive from highly leveraged."

In S&P's view, UNFI still faces challenges from its relatively low
margins and customer concentration, despite its large scale. UNFI's
profitability has improved but remains thin, with adjusted EBITDA
margin in the low-3% area, about 70 basis points below its
pre-Supervalu levels, and we expect profit levels to stay about
flat over the coming 12 months as tailwinds are offset by labor and
supply chain challenges. There is some upside potential over time
as integration with Supervalu progresses and if the company can
further leverage its scale in the growing natural and organic food
distribution space.

In addition, in October 2020 the company announced a long-term
supply agreement with Key Food Stores Co-Operative Inc. to serve as
its primary grocery wholesaler with expected sales of approximately
$10 billion over 10 years. S&P notes persistent risks in the highly
competitive wholesale food distribution space and, in particular,
with UNFI's concentrated exposure to Whole Foods, which makes up
nearly 20% of total sales with a contact that runs through 2027.
Therefore we view the company's competitive position to be
relatively worse than other rated 'BB-' peers. Therefore, S&P uses
a negative comparable rating analysis score that brings down the
anchor score by a notch to 'b+' from 'bb-'.

S&P said, "The stable outlook reflects our expectation that the
company will continue to improve its sales through cross-selling
and new customer wins with adjusted EBITDA margins remaining in the
low-3% area despite consumer behavior partly normalizing following
the elevated demand during the pandemic. We also believe the
company will continue to pursue debt reduction, with debt to EBITDA
remaining around 4.5x on a sustained basis."

S&P could raise its rating on UNFI if:

-- The company further improves its competitive standing in the
industry including by sustaining its margins above the mid-3% area
or having less customer concentration; or

-- The company is able to maintain adjusted debt to EBITDA below
4x on a sustained basis.

S&P could lower its rating on UNFI if:

-- Operating results weaken with adjusted EBITDA margins declining
by more than 50 basis points below S&P's forecast, causing adjusted
leverage to exceed 5x on a sustained basis; or

-- The company's financial policy becomes more aggressive with a
large debt-funded acquisition or share repurchases that would
materially increase its leverage.



UNIVERSAL CORP: Egan-Jones Keeps BB+ Senior Unsecured Ratings
-------------------------------------------------------------
Egan-Jones Ratings Company, on September 23, 2021, maintained its
'BB+' foreign currency and local currency senior unsecured ratings
on debt issued by Universal Corporation of Virginia.

Headquartered in Richmond, Virginia, Universal Corporation of
Virginia is an independent leaf tobacco merchant.



US CELLULAR: Egan-Jones Keeps BB- Senior Unsecured Ratings
----------------------------------------------------------
Egan-Jones Ratings Company, on September 20, 2021, maintained its
'BB-' foreign currency and local currency senior unsecured ratings
on debt issued by United States Cellular Corporation.

Headquartered in Chicago, Illinois, United States Cellular
Corporation provides wireless telecommunications services.



VERTEX ENERGY: Extends 'Heartland Note' Due Date to February 2022
-----------------------------------------------------------------
Effective on Oct. 11, 2021, Vertex Energy Operating, LLC, a
wholly-owned subsidiary of Vertex Energy, Inc., and HPRM LLC
amended the due date of the promissory note dated July 1, 2021, to
the earlier of (i) Feb. 28, 2022 and (ii) five calendar days
following the closing of the asset purchase agreement between
Vertex Operating and Safety-Kleen Systems, Inc.

As previously disclosed in the Current Report on Form 8-K filed by
Vertex Energy with the Securities and Exchange Commission on July
2, 2021, on July 1, 2021, HPRM ("Heartland SPV"), a Delaware
limited liability company which was formed as a special purpose
vehicle, in connection with certain transactions between Vertex
Energy and Tensile Capital Partners Master Fund LP, an investment
fund based in San Francisco, California, which is owned 35% by
Vertex Energy Operating and 65% by an affiliate of Tensile, loaned
Vertex Operating, $7,000,000, which was evidenced by the promissory
note.  The note was originally due on the earlier of (i) Sept. 29,
2021 and (ii) five calendar days following the closing of the asset
purchase agreement dated June 29, 2021.

The note accrues interest at the applicable federal rate of
interest from time to time, increasing to 12% upon an event of
default.  No event of default was declared in connection with the
failure of Vertex Operating to repay the note by the original
stated due date thereof, no triggering event occurred in connection
therewith, and Heartland SPV did not accelerate the amount due in
connection therewith.

The funds borrowed under the note were used to paydown a portion of
the $10 million deposit promissory note owed by Vertex Operating to
Equilon Enterprises LLC d/b/a Shell Oil Products US and/or Shell
Chemical LP and/or Shell Oil Company, in connection with that
certain Sale and Purchase Agreement entered into by Vertex
Operating, Vertex Energy and the seller on May 26, 2021, which
deposit note has been paid in full.

                        About Vertex Energy

Houston-based Vertex Energy, Inc. (NASDAQ: VTNR) is a specialty
refiner of alternative feedstocks and marketer of high-purity
petroleum products.  Vertex is one of the largest processors of
used motor oil in the U.S., with operations located in Houston and
Port Arthur (TX), Marrero (LA) and Heartland (OH).  Vertex also
co-owns a facility, Myrtle Grove, located on a 41-acre industrial
complex along the Gulf Coast in Belle Chasse, LA, with existing
hydro-processing and plant infrastructure assets, that include nine
million gallons of storage.  The Company has built a reputation as
a key supplier of Group II+ and Group III Base Oils to the
lubricant manufacturing industry throughout North America.

Vertex Energy reported a net loss attributable to the company of
$12.04 million for the year ended Dec. 31, 2020, compared to a net
loss attributable to the company of $5.05 million for the year
ended Dec. 31, 2019.  As of June 30, 2021, the Company had $135.11
million in total assets, $79.58 million in total liabilities,
$37.03 million in total temporary equity, and $18.50 million in
total equity.


VERTIV GROUP: Moody's Rates New $850MM Senior Secured Notes 'B1'
----------------------------------------------------------------
Moody's Investors Service assigned Vertiv Group Corporation's
proposed $850 million seven-year senior secured notes a B1 rating.
Vertiv's existing ratings are unchanged, including its corporate
family rating of B1, probability of default rating of B1-PD, and
the B1 rating on the company's $2.18 billion senior secured term
loan. The rating outlook is stable. The company's SGL-2 speculative
grade liquidity rating is also unchanged.

Proceeds from the notes, together with $365 million of cash and
$630 million of equity, will be used to fund the purchase of E&I
Engineering (E&I) for $1.8 billion and pay related fees and
expenses. There is also an incremental cash earn-out that Vertiv
will pay to E&I in 2023 if certain EBITDA targets are met by E&I in
2022.

Assignments:

Issuer: Vertiv Group Corporation

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

RATINGS RATIONALE

Vertiv's ratings are constrained by recent supply chain challenges
that have worsened since the end of 2Q21, as certain parts once
available via spot buy at a premium are in some cases unavailable
at any price. The company's revenue will also continue to be
adversely impacted by periodic parts shortages. However, Moody's
expects Vertiv to maintain its good scale and report revenue of
between $4.8 and $4.9 billion for 2021. Pro forma for the
acquisition of E&I Engineering ("E&I") annual revenue for 2021
would be about $5.2 to $5.3 billion. E&I's products are
complementary to Vertiv's and will help strengthen Vertiv's
existing product lineup while expanding its addressable market.

Vertiv's pro forma debt-to-LTM EBITDA at June 30, 2021 is high at
4.3 times, up from 3.9 times prior to the acquisition of E&I.
Moody's expect leverage will improve and approach 4.0 times by the
end of 2022. Vertiv's profitability is facing pressure from
commodity and freight inflation that Moody's expects will continue
for the foreseeable future. The company has been incurring
incremental expenses to meet customer needs, including the payment
of higher spot prices for materials and expedited freight for
faster delivery.

Vertiv competes in highly competitive end markets with the
potential for significant pricing pressure from large customers.
However, the risk is increasingly mitigated by new business wins
that broaden the company's customer base. Vertiv's profit margins
trail its competition, though the gap is narrowing as Vertiv's
EBITDA margin continues to trend favorably, and will further
benefit from the acquisition of the higher margin E&I business.
Vertiv also has good geographic reach in the rapidly growing data
center market that is being driven by increasing digitization.
Demand for cloud and colocation has increased since the onset of
the pandemic and remains very high, as evidenced in part by
Vertiv's record high backlog levels of $2.3 billion at June 30,
2021.

Vertiv Group Corporation is the borrower of the $850 million senior
secured notes, which are pari passu with the company's existing
senior secured term loan B. Vertiv Group Corporation is also the
borrower on the company's $455 million 5-year ABL (unrated). The
senior secured notes and term loan are rated in line with the
company's B1 CFR because they comprise the preponderance of debt in
the company's capital structure. The ABL has a first lien claim on
all the company's current assets with the term loan and notes
having a claim on the remaining assets of the company after the
ABL. The bank credit facilities are guaranteed by all of the
domestic subsidiaries of Vertiv.

The stable outlook reflects Moody's expectation that the company
will reduce debt-to-EBITDA to around 4.0 times by 2022.

Vertiv's liquidity will remain good as reflected by its SGL-2
speculative grade liquidity rating despite a $365 million cash
outflow to help fund the E&I acquisition. Pro forma cash will be
approximately $344 million and $434.9 million of the company's $455
million ABL is available with no borrowings outstanding (net of
about $20.1 million for outstanding letters of credit). Vertiv has
also realized a significant improvement in free cash flow resulting
from increasing profitability. Margin expansion has been driven in
part by fixed cost containment and tight controls on discretionary
spending.

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

The ratings could be upgraded if the company continues to grow its
size and scale, debt-to-EBITDA is sustained below 4.0 times with
improvement from both profit growth and debt reduction,
EBITA-to-interest expense approaches 5 times, and free cash
flow-to-debt is sustained above 10%.

The ratings could be downgraded if debt-to-EBITDA weakens to above
5.5 times, EBITA-to-interest expense is sustained below 3 times,
free cash flow-to-debt is sustained below 5% or liquidity weakens.
In addition, if the company makes a large debt financed acquisition
or financial policy becomes increasingly aggressive, the ratings
could face pressure.

The principal methodology used in this rating was Manufacturing
published in September 2021.

Vertiv Group Corporation ("Vertiv" or NYSE: VRT), headquartered in
Columbus, Ohio, provides various infrastructure technologies and
equipment for power and thermal management and infrastructure
monitoring services used in data centers, communication networks,
and commercial and industrial environments. Vertiv had total
revenue of roughly $4.8 billion for the twelve months ended June
30, 2021.


WASHINGTON PRIME: Fitch Withdraws 'D' LongTerm IDR
--------------------------------------------------
Fitch Ratings has withdrawn the 'D' Long-Term Issuer Default
Ratings for Washington Prime Group Inc, and Washington Prime Group,
L.P. (collectively WPG). Given WPG's Chapter 11 filing on June 13,
2021, Fitch will no longer provide ratings coverage for the
company.

KEY RATING DRIVERS

No longer applicable given the rating withdrawal.

RATING SENSITIVITIES

Rating sensitivities are not applicable as the ratings are being
withdrawn.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Non-Financial Corporate
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.

ISSUER PROFILE

Washington Prime Group owns, develops, and manages enclosed retail
properties and open-air properties. As of June 30, 2021, the
company owns interests in 101 shopping centers in the United
States, totaling approximately 51 million square feet of managed
gross leasable area.

ESG CONSIDERATIONS

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.


WC MET CENTER: Seeks to Hire Fishman Jackson as Bankruptcy Counsel
------------------------------------------------------------------
WC Met Center, LLC seeks approval from the U.S. Bankruptcy Court
for the Western District of Texas to hire Fishman Jackson
Ronquillo, PLLC to serve as legal counsel in its Chapter 11 case.

The firm's services include:

     (a) assisting the Debtor in carrying out its duties under the
Bankruptcy Code;

     (b) consulting with the Office of the U.S. Trustee, any
statutory committee that may be formed, and all other creditors and
parties in interest concerning the administration of the bankruptcy
case;

     (c) assisting in the possible sale of the Debtor's assets;

     (d) preparing legal papers and assisting the Debtor in the
preparation of its bankruptcy schedules, statements of financial
affairs and reports;

     (e) assisting the Debtor in connection with formulating and
confirming a Chapter 11 plan, if necessary;

     (f) assisting the Debtor in analyzing and treating the claims
of creditors;

     (g) appearing before the bankruptcy court, any appellate
courts or other courts having jurisdiction over any matter
associated with the bankruptcy case; and

     (h) performing all other necessary legal services.  

The firm's hourly rates are as follows:

     Mark. H. Ralston, Esq.     $400 per hour
     Shirley James              $140 per hour
     Attorneys                  $300 - $450 per hour
     Paraprofessionals          $135 - $175 per hour

The Debtor's affiliate, World Class Holdings, LLC, paid $26,738 to
the law firm as a retainer fee.

Mark Ralston, Esq., the firm's attorney who will be providing the
services, disclosed in a court filing that he is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Mark H. Ralston, Esq.
     Fishman Jackson Ronquillo, PLLC
     Three Galleria Tower
     13155 Noel Road, Suite 700
     Dallas, TX 75240
     Tel.: (972) 419-5544
     Fax: (972) 4419-5500
     Email: mralston@fjrpllc.com

                      About WC Met Center LLC

Austin, Texas-based WC Met Center, LLC is a single asset real
estate debtor (as defined in 11 U.S.C. Section 101(51B)).

WC Met Center filed its voluntary petition for Chapter 11
protection (Bankr. W.D. Texas Case No. 21-10698) on Sept. 7, 2021,
listing up to $500 million in assets and up to $100 million in
liabilities.  Judge Tony M. Davis oversees the case.  

Mark H. Ralston, Esq., at Fishman Jackson Ronquillo, PLLC and
Columbia Consulting Group, PLLC serve as the Debtor's legal counsel
and financial advisor, respectively.


WC MET CENTER: Taps Columbia Consulting Group as Financial Advisor
------------------------------------------------------------------
WC Met Center, LLC seeks approval from the U.S. Bankruptcy Court
for the Western District of Texas to hire Columbia Consulting
Group, PLLC as its financial advisor.

The firm's services include:

     (a) the preparation of projections and assistance in
structuring a plan of reorganization;

     (b) the preparation of bankruptcy schedules and monthly
operating reports, if necessary;

     (c) expert testimony, if necessary; and

     (d) other financial and accounting consulting services that
may be required.    

The firm's hourly rates are as follows:

     Partners               $250 - $300 per hour
     Other Professionals    $75 - $175 per hour

The Debtor's affiliate, WC Met Center Equity, LLC, paid Columbia
Consulting Group a retainer fee in the amount of $10,000.

Jeffrey Worley, a partner at Columbia Consulting Group, disclosed
in a court filing that he is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Jeffrey A. Worley
     Columbia Consulting Group, PLLC
     6101 Long Prairie Road, Suite 744, MB 17
     Flower Mound, TX 75028
     Phone: 972-809-6393
     Email: jworley@ccgpllc.net

                      About WC Met Center LLC

Austin, Texas-based WC Met Center, LLC is a single asset real
estate debtor (as defined in 11 U.S.C. Section 101(51B)).

WC Met Center filed its voluntary petition for Chapter 11
protection (Bankr. W.D. Texas Case No. 21-10698) on Sept. 7, 2021,
listing up to $500 million in assets and up to $100 million in
liabilities.  Judge Tony M. Davis oversees the case.  

Mark H. Ralston, Esq., at Fishman Jackson Ronquillo, PLLC and
Columbia Consulting Group, PLLC serve as the Debtor's legal counsel
and financial advisor, respectively.


WHITING PETROLEUM: Egan-Jones Keeps B Senior Unsecured Ratings
--------------------------------------------------------------
Egan-Jones Ratings Company, on September 28, 2021, maintained its
'B' foreign currency and local currency senior unsecured ratings on
debt issued by Whiting Petroleum Corporation.

Headquartered in Denver, Colorado, Whiting Petroleum Corporation
operates as an oil and gas exploration company.



WILSON GOMER: Patient Care Ombudsman Files First Report
-------------------------------------------------------
Timothy J. Stacy, DNP, ACNP-BC, duly appointed Patient Care
Ombudsman for Wilson Gomer MD Prof Medical Corporation, filed with
the U.S. Bankruptcy Court for the Central District of California a
First Report on the Debtor's health care facility.

The PCO said there was no indication of an interruption in critical
vendor supply apart from the esthetic equipment leased that
ultimately lead to the financial difficulties of the medical
practice.  In late 2019 and early 2020, Dr. Wilson, a practicing
physician at the Debtor's facility, had to close the esthetic body
sculpting part of the medical practice due to losses related to the
addition of the esthetic practice and the onset of the COVID-19
pandemic.  Dr. Wilson informed the PCO that the leases of the
Debtor's two practice locations were successfully negotiated so
that the medical practice could continue without disruption.

The PCO said the Debtor is currently compliant with the Health
Insurance and Portability and Accountability ("HIPPA") in managing
patient medical records using a third party HIPPA compliant
Electronic Health Record ("HER") servers to maintain compliance.
PCO noted, however, that the Debtor does not employ a full-time
Information Technology Officer.  Business associates are required
to participate in securing patient health information, as
identified in the Health Information Technology for Economic and
Clinical Health ("HITECH") Act of 2009.  All health organizations
are required to follow HIPPA and HITECH regulations when handling
patient information.

Moreover, the PCO learned that Dr. Wilson's medical practice is
under probationary terms, effective October 1, 2021, as set forth
in the decision on a certain complaint against the medical
practitioner.  The decision required continued medical education on
the part of Dr. Wilson starting 15, 30 and 60 days from Oct. 1.
The Medical Board and Attorney General of California will monitor
the progress of the probationary requirements, the PCO told the
Court.

A copy of the First Ombudsman Report is available for free at
https://bit.ly/3ARUNjc from PacerMonitor.com.

                    About Wilson Gomer MD Prof
                        Medical Corporation

Wilson Gomer MD Prof Medical Corporation sought protection for
relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal.
Case No. 21-13502) on June 25, 2021, listing under $1 million in
both assets and liabilities.  Judge Wayne E. Johnson oversees the
case.  Jason E. Turner, Esq., at J. Turner Law Group, APC, is the
Debtor's legal counsel.  Dr. Timothy J. Stacy is the Debtor's
Patient Care Ombudsman.  



WORKDAY INC: Egan-Jones Keeps B Senior Unsecured Ratings
--------------------------------------------------------
Egan-Jones Ratings Company, on September 22, 2021, maintained its
'B' foreign currency and local currency senior unsecured ratings on
debt issued by Workday, Inc.

Headquartered in Pleasanton, California, Workday, Inc. provides
enterprise cloud-based applications.



[*] Jon Orr Joins Stretto as Senior Managing Director
-----------------------------------------------------
Stretto, a market-leading bankruptcy services and technology firm
serving the corporate-restructuring, consumer-bankruptcy, and
professional-fiduciary industries, on Oct. 12 disclosed that Jon
Orr has joined the company as senior managing director. Overseeing
Stretto Deposit, Disbursement, and Escrow Services, Mr. Orr is
responsible for identifying opportunities for market growth,
expanding the operational platform supporting this business line,
and maintaining the company's nationwide network of bank partners.

"We are fortunate to have Jon Orr on the Stretto team with the
financial expertise that he brings as we continue to expand our
services geared to fiduciaries and other professionals," comments
James Le, chief operating officer at Stretto. "His insight and
business acumen will be invaluable as we tailor and develop new
solutions to serve clients' diverse cash-management needs."

With over 25 years of substantive financial industry and private
equity experience, Mr. Orr has served in various executive-level
roles in fast-growth and turnaround environments at firms ranging
from start-ups to large established enterprises.  Prior to joining
Stretto, he was managing director and operating partner at Monroe
Capital LLC, a $10 billion private credit/equity asset management
company. Previously, he held senior positions at Sun Capital
Partners, Kurtzman Carson Consultants, FTI Consulting, Alix
Partners, and PricewaterhouseCoopers.

"I'm excited to be part of the Stretto team and contribute to the
company's sustained growth and expansion," Mr. Orr comments.
"Stretto has made huge strides in expanding its cash-management
services and I'm looking forward to furthering that progress and
help broaden its client base."

Stretto Deposit, Disbursement, and Escrow Services, along with its
proprietary software, are designed to reduce costs and improve
efficiencies for fiduciaries. The company's team of banking experts
identifies appropriate partner banks and tailors financial-services
solution based on the clients' specific needs.

                      About Stretto

Stretto -- http://www.stretto.com-- delivers a full spectrum of
case-management services, depository solutions, and technology
tools to fiduciaries. Offering a comprehensive suite of
corporate-restructuring and consumer-bankruptcy capabilities along
with multi-faceted deposit and disbursement services, Stretto
provides an unparalleled portfolio of solutions under the executive
leadership of industry veterans Eric Kurtzman and Jonathan Carson.
Sitting at the center of the bankruptcy ecosystem, Stretto
leverages deep-industry expertise and market insights to facilitate
every aspect of case and cash management for its
corporate-restructuring and consumer-bankruptcy clients, as well as
fiduciaries and other industry professionals. "Stretto" is a
musical term indicating when one voice picks up where another
leaves off, and, as our name implies, Stretto seamlessly integrates
streamlined workflows and best-in-class technology to orchestrate
the case-management process and create harmony for professionals
and their teams.



[*] Seward & Kissel Launches Corporate Restructuring Blog
---------------------------------------------------------
On October 13, 2021, national law firm Seward & Kissel LLP
announced the launch of a new blog focused on timely corporate
restructuring and bankruptcy news. Dubbed "Back in (the) Black,"
the blog will provide analysis of the most significant developments
in the restructuring and bankruptcy space, forward looking
conversations on key trends, and insight into notable engagements
led by the firm.

"We're excited to launch Back in (the) Black, which will help key
players in the bankruptcy space -- including lenders, debtors,
creditors, and others -- stay on top of relevant trends and
developments," said Robert J. Gayda, a partner in Seward & Kissel's
Corporate Restructuring & Bankruptcy Group and contributor to the
blog. "Our group's experience representing key stakeholders in
transactional, litigation, and corporate governance matters related
to restructurings positions us well to provide these insights."

Back in (the) Black will be authored primarily by lawyers in Seward
& Kissel's Corporate Restructuring & Bankruptcy Group, which has
been at the forefront of some of the largest and most complex
in-court and out-of-court restructurings, both domestically and
internationally.

Recent blog posts feature topics including a legal strategy known
as the "Texas Two-Step" for companies facing mass tort liabilities,
and recent litigation involving Section 506(c) of the Bankruptcy
Code, which is rarely litigated. The posts provide overviews of the
laws, present case studies, and discuss legal strategies. Back in
(the) Black will publish similar content on a frequent basis, and
will also feature interviews with key industry players and other
relevant content.

                    About Seward & Kissel LLP

Seward & Kissel LLP, founded in 1890, is a leading U.S. law firm
with offices in New York City and Washington, D.C., with particular
expertise in the financial services, investment management,
banking, and shipping industries. The firm is well known for its
representation of investment advisers and related investment funds,
broker-dealers, major commercial banks, institutional investors,
and transportation companies (particularly in the shipping area).
Its practices primarily focus on corporate, M&A, securities,
litigation (including white collar), restructuring/bankruptcy, real
estate, regulatory, tax, employment, and ERISA for clients seeking
legal expertise in these areas.


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                                Total
                                               Share-      Total
                                    Total    Holders'    Working
                                   Assets      Equity    Capital
  Company                            ($MM)       ($MM)      ($MM)
  -------                          ------    --------   --------
1847 GOEDEKER     GOED US           357.1       198.6       15.5
ACCELERATE DIAGN  AXDX US            94.0       (69.8)      74.4
ACCELERATE DIAGN  1A8 GR             94.0       (69.8)      74.4
ACCELERATE DIAGN  1A8 SW             94.0       (69.8)      74.4
ACCELERATE DIAGN  AXDX* MM           94.0       (69.8)      74.4
ACCELERATE DIAGN  1A8 TH             94.0       (69.8)      74.4
ACCELERATE DIAGN  1A8 QT             94.0       (69.8)      74.4
ADAMAS PHARMACEU  ADMS US           150.6        (4.0)      93.8
ADAMAS PHARMACEU  136 GR            150.6        (4.0)      93.8
ADAMAS PHARMACEU  ADMSEUR EU        150.6        (4.0)      93.8
ADAMAS PHARMACEU  136 TH            150.6        (4.0)      93.8
AEMETIS INC       DW51 GR           143.3      (124.0)     (43.9)
AEMETIS INC       AMTX US           143.3      (124.0)     (43.9)
AEMETIS INC       AMTXGEUR EU       143.3      (124.0)     (43.9)
AEMETIS INC       AMTXGEUR EZ       143.3      (124.0)     (43.9)
AEMETIS INC       DW51 GZ           143.3      (124.0)     (43.9)
AEMETIS INC       DW51 TH           143.3      (124.0)     (43.9)
AEMETIS INC       DW51 QT           143.3      (124.0)     (43.9)
AERIE PHARMACEUT  AERIEUR EU        355.5       (39.6)     180.9
AERIE PHARMACEUT  0P0 GR            355.5       (39.6)     180.9
AERIE PHARMACEUT  AERI US           355.5       (39.6)     180.9
AERIE PHARMACEUT  0P0 GZ            355.5       (39.6)     180.9
AERIE PHARMACEUT  AERIEUR EZ        355.5       (39.6)     180.9
AERIE PHARMACEUT  0P0 TH            355.5       (39.6)     180.9
AERIE PHARMACEUT  0P0 QT            355.5       (39.6)     180.9
AEROCENTURY CORP  ACY US             58.7       (26.2)       -
AGENUS INC        AJ81 GR           192.3      (237.5)     (75.9)
AGENUS INC        AGEN US           192.3      (237.5)     (75.9)
AGENUS INC        AJ81 GZ           192.3      (237.5)     (75.9)
AGENUS INC        AJ81 SW           192.3      (237.5)     (75.9)
AGENUS INC        AGENEUR EZ        192.3      (237.5)     (75.9)
AGENUS INC        AJ81 TH           192.3      (237.5)     (75.9)
AGENUS INC        AGENEUR EU        192.3      (237.5)     (75.9)
AGENUS INC        AJ81 QT           192.3      (237.5)     (75.9)
AGRIFY CORP       AGFY US           163.5       141.8      123.4
ALDEL FINANCIA-A  ADF US            118.6       111.2        2.3
ALDEL FINANCIAL   ADF/U US          118.6       111.2        2.3
ALPHA CAPITAL -A  ASPC US           231.6       206.6        1.6
ALPHA CAPITAL AC  ASPCU US          231.6       206.6        1.6
ALPHA PARTNERS T  APTMU US            1.0        (2.0)      (0.5)
ALPHA PARTNERS T  APTM US             1.0        (2.0)      (0.5)
ALTICE USA INC-A  ATUS* MM       33,532.0    (1,349.0)  (2,294.7)
ALTICE USA INC-A  15PA GZ        33,532.0    (1,349.0)  (2,294.7)
ALTICE USA INC-A  ATUS US        33,532.0    (1,349.0)  (2,294.7)
ALTICE USA INC-A  15PA GR        33,532.0    (1,349.0)  (2,294.7)
ALTICE USA INC-A  15PA TH        33,532.0    (1,349.0)  (2,294.7)
ALTICE USA INC-A  ATUSEUR EU     33,532.0    (1,349.0)  (2,294.7)
AMC ENTERTAINMEN  AMC US         11,329.1    (1,404.7)     453.9
AMC ENTERTAINMEN  AH9 GR         11,329.1    (1,404.7)     453.9
AMC ENTERTAINMEN  AMC* MM        11,329.1    (1,404.7)     453.9
AMC ENTERTAINMEN  AH9 TH         11,329.1    (1,404.7)     453.9
AMC ENTERTAINMEN  AH9 QT         11,329.1    (1,404.7)     453.9
AMC ENTERTAINMEN  AMC4EUR EU     11,329.1    (1,404.7)     453.9
AMC ENTERTAINMEN  AH9 GZ         11,329.1    (1,404.7)     453.9
AMC ENTERTAINMEN  AH9 SW         11,329.1    (1,404.7)     453.9
AMC ENTERTAINMEN  AMC-RM RM      11,329.1    (1,404.7)     453.9
AMC ENTERTAINMEN  A2MC34 BZ      11,329.1    (1,404.7)     453.9
AMERICAN AIR-BDR  AALL34 BZ      72,464.0    (7,667.0)   1,126.0
AMERICAN AIRLINE  AAL US         72,464.0    (7,667.0)   1,126.0
AMERICAN AIRLINE  AAL* MM        72,464.0    (7,667.0)   1,126.0
AMERICAN AIRLINE  A1G GR         72,464.0    (7,667.0)   1,126.0
AMERICAN AIRLINE  A1G TH         72,464.0    (7,667.0)   1,126.0
AMERICAN AIRLINE  A1G QT         72,464.0    (7,667.0)   1,126.0
AMERICAN AIRLINE  AAL11EUR EZ    72,464.0    (7,667.0)   1,126.0
AMERICAN AIRLINE  A1G GZ         72,464.0    (7,667.0)   1,126.0
AMERICAN AIRLINE  AAL11EUR EU    72,464.0    (7,667.0)   1,126.0
AMERICAN AIRLINE  AAL AV         72,464.0    (7,667.0)   1,126.0
AMERICAN AIRLINE  AAL TE         72,464.0    (7,667.0)   1,126.0
AMERICAN AIRLINE  A1G SW         72,464.0    (7,667.0)   1,126.0
AMERICAN AIRLINE  AAL-RM RM      72,464.0    (7,667.0)   1,126.0
AMYRIS INC        3A01 GR           445.8       (82.5)     254.4
AMYRIS INC        3A01 TH           445.8       (82.5)     254.4
AMYRIS INC        AMRS US           445.8       (82.5)     254.4
AMYRIS INC        AMRSEUR EU        445.8       (82.5)     254.4
AMYRIS INC        3A01 QT           445.8       (82.5)     254.4
AMYRIS INC        AMRSEUR EZ        445.8       (82.5)     254.4
AMYRIS INC        3A01 GZ           445.8       (82.5)     254.4
AMYRIS INC        AMRS* MM          445.8       (82.5)     254.4
APELLIS PHARMACE  APLS US           699.9      (141.5)     497.3
APELLIS PHARMACE  1JK TH            699.9      (141.5)     497.3
APELLIS PHARMACE  1JK GR            699.9      (141.5)     497.3
APELLIS PHARMACE  APLSEUR EU        699.9      (141.5)     497.3
AQUESTIVE THERAP  AQST US            66.9       (53.8)      28.0
ARCHIMEDES TECH   ATSPU US          134.0       133.7        0.9
ARCHIMEDES- SUB   ATSPT US          134.0       133.7        0.9
ARRAY TECHNOLOGI  ARRY US           622.3       (68.6)     162.1
ARRAY TECHNOLOGI  9AY GR            622.3       (68.6)     162.1
ARRAY TECHNOLOGI  9AY TH            622.3       (68.6)     162.1
ARRAY TECHNOLOGI  ARRY1EUR EU       622.3       (68.6)     162.1
ARRAY TECHNOLOGI  9AY QT            622.3       (68.6)     162.1
ASHFORD HOSPITAL  AHT US          4,058.0       (54.2)       -
ASHFORD HOSPITAL  AHD GR          4,058.0       (54.2)       -
ASHFORD HOSPITAL  AHT1EUR EU      4,058.0       (54.2)       -
ASHFORD HOSPITAL  AHD TH          4,058.0       (54.2)       -
ATHENA BITCOIN G  ABIT US             0.0        (1.6)      (1.6)
ATLAS TECHNICAL   ATCX US           414.6      (143.1)     107.5
AUGMEDIX INC      AUGX US            23.0        (4.7)      11.0
AUSTERLITZ ACQ-A  AUS US            691.0       610.6       (3.2)
AUSTERLITZ ACQUI  AUS/U US          691.0       610.6       (3.2)
AUTOZONE INC      AZO US         14,516.2    (1,797.5)    (954.5)
AUTOZONE INC      AZ5 GR         14,516.2    (1,797.5)    (954.5)
AUTOZONE INC      AZ5 TH         14,516.2    (1,797.5)    (954.5)
AUTOZONE INC      AZOEUR EU      14,516.2    (1,797.5)    (954.5)
AUTOZONE INC      AZ5 QT         14,516.2    (1,797.5)    (954.5)
AUTOZONE INC      AZ5 GZ         14,516.2    (1,797.5)    (954.5)
AUTOZONE INC      AZOEUR EZ      14,516.2    (1,797.5)    (954.5)
AUTOZONE INC      AZO AV         14,516.2    (1,797.5)    (954.5)
AUTOZONE INC      AZ5 TE         14,516.2    (1,797.5)    (954.5)
AUTOZONE INC      AZO* MM        14,516.2    (1,797.5)    (954.5)
AUTOZONE INC-BDR  AZOI34 BZ      14,516.2    (1,797.5)    (954.5)
AVID TECHNOLOGY   AVID US           256.7      (129.7)      (6.5)
AVID TECHNOLOGY   AVD GR            256.7      (129.7)      (6.5)
AVID TECHNOLOGY   AVD TH            256.7      (129.7)      (6.5)
AVID TECHNOLOGY   AVD GZ            256.7      (129.7)      (6.5)
BABCOCK & WILCOX  BW US             665.1       (15.7)     223.3
BABCOCK & WILCOX  UBW1 GR           665.1       (15.7)     223.3
BABCOCK & WILCOX  BWEUR EU          665.1       (15.7)     223.3
BATH & BODY WORK  BBWI US        10,392.0    (1,188.0)   1,889.0
BATH & BODY WORK  LTD0 TH        10,392.0    (1,188.0)   1,889.0
BATH & BODY WORK  LBEUR EU       10,392.0    (1,188.0)   1,889.0
BATH & BODY WORK  BBWI* MM       10,392.0    (1,188.0)   1,889.0
BATH & BODY WORK  LTD0 QT        10,392.0    (1,188.0)   1,889.0
BATH & BODY WORK  LTD0 GR        10,392.0    (1,188.0)   1,889.0
BATH & BODY WORK  LBEUR EZ       10,392.0    (1,188.0)   1,889.0
BATH & BODY WORK  BBWI AV        10,392.0    (1,188.0)   1,889.0
BATH & BODY WORK  LTD0 GZ        10,392.0    (1,188.0)   1,889.0
BATH & BODY WORK  BBWI-RM RM     10,392.0    (1,188.0)   1,889.0
BAUSCH HEALTH CO  BHC CN         30,042.0      (611.0)     (67.0)
BAUSCH HEALTH CO  BHC US         30,042.0      (611.0)     (67.0)
BAUSCH HEALTH CO  BVF GR         30,042.0      (611.0)     (67.0)
BAUSCH HEALTH CO  VRX SW         30,042.0      (611.0)     (67.0)
BAUSCH HEALTH CO  BHCN MM        30,042.0      (611.0)     (67.0)
BAUSCH HEALTH CO  VRX1EUR EU     30,042.0      (611.0)     (67.0)
BAUSCH HEALTH CO  BVF QT         30,042.0      (611.0)     (67.0)
BAUSCH HEALTH CO  VRX1EUR EZ     30,042.0      (611.0)     (67.0)
BAUSCH HEALTH CO  BVF GZ         30,042.0      (611.0)     (67.0)
BAUSCH HEALTH CO  BVF TH         30,042.0      (611.0)     (67.0)
BELLRING BRAND-A  BR6 GZ            685.4      (100.1)     107.5
BELLRING BRAND-A  BRBR1EUR EU       685.4      (100.1)     107.5
BELLRING BRAND-A  BRBR US           685.4      (100.1)     107.5
BELLRING BRAND-A  BR6 TH            685.4      (100.1)     107.5
BELLRING BRAND-A  BR6 GR            685.4      (100.1)     107.5
BIOCRYST PHARM    BCRX US           277.3      (106.1)     150.2
BIOCRYST PHARM    BO1 GR            277.3      (106.1)     150.2
BIOCRYST PHARM    BO1 TH            277.3      (106.1)     150.2
BIOCRYST PHARM    BO1 QT            277.3      (106.1)     150.2
BIOCRYST PHARM    BCRXEUR EU        277.3      (106.1)     150.2
BIOCRYST PHARM    BO1 SW            277.3      (106.1)     150.2
BIOCRYST PHARM    BCRX* MM          277.3      (106.1)     150.2
BIOCRYST PHARM    BCRXEUR EZ        277.3      (106.1)     150.2
BIOHAVEN PHARMAC  BHVN US           845.9      (396.6)     267.4
BIOHAVEN PHARMAC  2VN GR            845.9      (396.6)     267.4
BIOHAVEN PHARMAC  BHVNEUR EU        845.9      (396.6)     267.4
BIOHAVEN PHARMAC  2VN TH            845.9      (396.6)     267.4
BLUE BIRD CORP    BLBD US           362.9       (46.8)     (10.0)
BLUE BIRD CORP    4RB GR            362.9       (46.8)     (10.0)
BLUE BIRD CORP    BLBDEUR EU        362.9       (46.8)     (10.0)
BLUE BIRD CORP    4RB GZ            362.9       (46.8)     (10.0)
BLUE BIRD CORP    4RB TH            362.9       (46.8)     (10.0)
BLUE BIRD CORP    4RB QT            362.9       (46.8)     (10.0)
BLUE STAR FOODS   BSFC US            11.9         5.4       (1.1)
BOEING CO-BDR     BOEI34 BZ     148,935.0   (16,485.0)  30,871.0
BOEING CO-CED     BAD AR        148,935.0   (16,485.0)  30,871.0
BOEING CO-CED     BA AR         148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BA PE         148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BOE LN        148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BA US         148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BCO TH        148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BA SW         148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BA* MM        148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BA TE         148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BCO GR        148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BAEUR EU      148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BA EU         148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BCO QT        148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BA-RM RM      148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BAEUR EZ      148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BA EZ         148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BA CI         148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BCO GZ        148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BA AV         148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BAUSD SW      148,935.0   (16,485.0)  30,871.0
BOEING CO/THE     BACL CI       148,935.0   (16,485.0)  30,871.0
BOEING CO/THE TR  TCXBOE AU     148,935.0   (16,485.0)  30,871.0
BOMBARDIER INC-B  BBDBN MM       13,901.0    (2,911.0)   1,824.0
BRIDGEBIO PHARMA  2CL GR          1,081.5      (455.6)     778.0
BRIDGEBIO PHARMA  2CL GZ          1,081.5      (455.6)     778.0
BRIDGEBIO PHARMA  BBIOEUR EU      1,081.5      (455.6)     778.0
BRIDGEBIO PHARMA  2CL TH          1,081.5      (455.6)     778.0
BRIDGEBIO PHARMA  BBIO US         1,081.5      (455.6)     778.0
BRIDGEMARQ REAL   BRE CN             85.7       (56.5)       9.3
BRINKER INTL      BKJ GR          2,274.9      (303.3)    (364.4)
BRINKER INTL      EAT US          2,274.9      (303.3)    (364.4)
BRINKER INTL      EAT2EUR EZ      2,274.9      (303.3)    (364.4)
BRINKER INTL      EAT2EUR EU      2,274.9      (303.3)    (364.4)
BRINKER INTL      BKJ QT          2,274.9      (303.3)    (364.4)
BRINKER INTL      BKJ TH          2,274.9      (303.3)    (364.4)
BROOKFIELD INF-A  BIPC US         9,176.0    (1,148.0)  (2,097.0)
BROOKFIELD INF-A  BIPC CN         9,176.0    (1,148.0)  (2,097.0)
BRP INC/CA-SUB V  B15A GR         4,253.2      (418.0)     168.4
BRP INC/CA-SUB V  DOOO US         4,253.2      (418.0)     168.4
BRP INC/CA-SUB V  B15A GZ         4,253.2      (418.0)     168.4
BRP INC/CA-SUB V  DOOEUR EU       4,253.2      (418.0)     168.4
BRP INC/CA-SUB V  DOO CN          4,253.2      (418.0)     168.4
BRP INC/CA-SUB V  B15A TH         4,253.2      (418.0)     168.4
CADIZ INC         CDZI US           101.6        (5.1)      10.1
CADIZ INC         2ZC GR            101.6        (5.1)      10.1
CADIZ INC         CDZIEUR EU        101.6        (5.1)      10.1
CALUMET SPECIALT  CLMT US         1,840.3      (351.7)    (289.2)
CEDAR FAIR LP     FUN US          2,664.2      (841.6)      80.8
CENTRUS ENERGY-A  4CU TH            500.6      (271.4)      75.8
CENTRUS ENERGY-A  4CU GR            500.6      (271.4)      75.8
CENTRUS ENERGY-A  LEU US            500.6      (271.4)      75.8
CENTRUS ENERGY-A  LEUEUR EU         500.6      (271.4)      75.8
CEREVEL THERAPEU  CERE US           391.0       293.9      302.5
CHOICE CONSOLIDA  CDXX-U/U CN       174.1        (6.3)       -
CHOICE CONSOLIDA  CDXXF US          174.1        (6.3)       -
CINEPLEX INC      CPXGF US        2,156.2      (168.3)    (319.0)
CINEPLEX INC      CX0 GR          2,156.2      (168.3)    (319.0)
CINEPLEX INC      CGX CN          2,156.2      (168.3)    (319.0)
CINEPLEX INC      CX0 TH          2,156.2      (168.3)    (319.0)
CINEPLEX INC      CGXEUR EU       2,156.2      (168.3)    (319.0)
CINEPLEX INC      CGXN MM         2,156.2      (168.3)    (319.0)
CINEPLEX INC      CX0 GZ          2,156.2      (168.3)    (319.0)
CLEARWATER AN-A   CWAN US             -           -          -
CLENE INC         CLNN US            73.3       (25.9)      63.6
CLENE INC         84C GR             73.3       (25.9)      63.6
CLENE INC         CLNNEUR EU         73.3       (25.9)      63.6
CLINIGENCE HOLDI  CLNH US            77.4        67.3       (1.7)
CLOVIS ONCOLOGY   C6O GR            572.2      (207.0)     122.5
CLOVIS ONCOLOGY   CLVS US           572.2      (207.0)     122.5
CLOVIS ONCOLOGY   CLVSEUR EU        572.2      (207.0)     122.5
CLOVIS ONCOLOGY   C6O TH            572.2      (207.0)     122.5
CLOVIS ONCOLOGY   CLVSEUR EZ        572.2      (207.0)     122.5
CLOVIS ONCOLOGY   C6O QT            572.2      (207.0)     122.5
CLOVIS ONCOLOGY   C6O GZ            572.2      (207.0)     122.5
COEPTIS THERAPEU  COEP US             0.2        (0.6)      (0.6)
COGENT COMMUNICA  OGM1 GR         1,010.7      (336.1)     360.8
COGENT COMMUNICA  CCOI US         1,010.7      (336.1)     360.8
COGENT COMMUNICA  CCOIEUR EU      1,010.7      (336.1)     360.8
COGENT COMMUNICA  CCOI* MM        1,010.7      (336.1)     360.8
COGNITION THERAP  CGTX US            16.5       (12.5)      11.6
COMMUNITY HEALTH  CYH US         15,528.0    (1,118.0)   1,184.0
COMMUNITY HEALTH  CG5 GR         15,528.0    (1,118.0)   1,184.0
COMMUNITY HEALTH  CG5 TH         15,528.0    (1,118.0)   1,184.0
COMMUNITY HEALTH  CYH1EUR EZ     15,528.0    (1,118.0)   1,184.0
COMMUNITY HEALTH  CG5 QT         15,528.0    (1,118.0)   1,184.0
COMMUNITY HEALTH  CYH1EUR EU     15,528.0    (1,118.0)   1,184.0
COMMUNITY HEALTH  CG5 GZ         15,528.0    (1,118.0)   1,184.0
CORSAIR PARTN-A   CORS US             0.8        (0.0)      (0.7)
CORSAIR PARTNERI  CORS/U US           0.8        (0.0)      (0.7)
CORVUS GOLD INC   KOR US             11.6        (3.4)      (9.0)
CORVUS GOLD INC   KOR CN             11.6        (3.4)      (9.0)
CPI CARD GROUP I  PMTS US           248.4      (129.3)      81.7
CPI CARD GROUP I  CPB1 GR           248.4      (129.3)      81.7
CPI CARD GROUP I  PMTSEUR EU        248.4      (129.3)      81.7
CRIXUS BH3 ACQUI  BHACU US            0.3        (0.0)      (0.2)
CRUCIAL INNOVATI  CINV US             -          (0.0)      (0.0)
DA32 LIFE SCIE-A  DALS US             0.5        (0.0)      (0.3)
DECARBONIZATIO-A  DCRD US             0.4        (0.5)      (0.9)
DECARBONIZATION   DCRDU US            0.4        (0.5)      (0.9)
DELEK LOGISTICS   DKL US            935.5      (107.8)     (44.4)
DENNY'S CORP      DENN US           418.3       (99.4)     (39.2)
DENNY'S CORP      DE8 GR            418.3       (99.4)     (39.2)
DENNY'S CORP      DENNEUR EU        418.3       (99.4)     (39.2)
DENNY'S CORP      DE8 TH            418.3       (99.4)     (39.2)
DENNY'S CORP      DE8 GZ            418.3       (99.4)     (39.2)
DIALOGUE HEALTH   CARE CN           150.7       131.5      118.9
DIEBOLD NIXDORF   DBD GR          3,535.1      (842.6)     225.0
DIEBOLD NIXDORF   DBD US          3,535.1      (842.6)     225.0
DIEBOLD NIXDORF   DBD QT          3,535.1      (842.6)     225.0
DIEBOLD NIXDORF   DBD TH          3,535.1      (842.6)     225.0
DIEBOLD NIXDORF   DBD SW          3,535.1      (842.6)     225.0
DIEBOLD NIXDORF   DBDEUR EZ       3,535.1      (842.6)     225.0
DIEBOLD NIXDORF   DBDEUR EU       3,535.1      (842.6)     225.0
DIEBOLD NIXDORF   DBD GZ          3,535.1      (842.6)     225.0
DIGITAL MEDIA-A   DMS US            268.5       (52.9)      19.0
DINE BRANDS GLOB  DIN US          1,895.9      (282.8)     116.3
DINE BRANDS GLOB  IHP GR          1,895.9      (282.8)     116.3
DINE BRANDS GLOB  IHP TH          1,895.9      (282.8)     116.3
DINE BRANDS GLOB  IHP GZ          1,895.9      (282.8)     116.3
DOMINO'S P - BDR  D2PZ34 BZ       1,764.4    (4,127.5)     429.6
DOMINO'S PIZZA    DPZ US          1,764.4    (4,127.5)     429.6
DOMINO'S PIZZA    EZV GR          1,764.4    (4,127.5)     429.6
DOMINO'S PIZZA    EZV QT          1,764.4    (4,127.5)     429.6
DOMINO'S PIZZA    EZV SW          1,764.4    (4,127.5)     429.6
DOMINO'S PIZZA    EZV GZ          1,764.4    (4,127.5)     429.6
DOMINO'S PIZZA    DPZEUR EZ       1,764.4    (4,127.5)     429.6
DOMINO'S PIZZA    DPZEUR EU       1,764.4    (4,127.5)     429.6
DOMINO'S PIZZA    DPZ AV          1,764.4    (4,127.5)     429.6
DOMINO'S PIZZA    DPZ* MM         1,764.4    (4,127.5)     429.6
DOMINO'S PIZZA    EZV TH          1,764.4    (4,127.5)     429.6
DOMO INC- CL B    DOMO US           206.8      (101.5)     (38.5)
DOMO INC- CL B    1ON GR            206.8      (101.5)     (38.5)
DOMO INC- CL B    DOMOEUR EU        206.8      (101.5)     (38.5)
DOMO INC- CL B    1ON GZ            206.8      (101.5)     (38.5)
DOMO INC- CL B    1ON TH            206.8      (101.5)     (38.5)
DROPBOX INC-A     1Q5 TH          3,328.1       (94.8)     942.3
DROPBOX INC-A     DBXEUR EU       3,328.1       (94.8)     942.3
DROPBOX INC-A     1Q5 QT          3,328.1       (94.8)     942.3
DROPBOX INC-A     DBX AV          3,328.1       (94.8)     942.3
DROPBOX INC-A     DBXEUR EZ       3,328.1       (94.8)     942.3
DROPBOX INC-A     DBX US          3,328.1       (94.8)     942.3
DROPBOX INC-A     1Q5 GR          3,328.1       (94.8)     942.3
DROPBOX INC-A     1Q5 SW          3,328.1       (94.8)     942.3
DROPBOX INC-A     DBX* MM         3,328.1       (94.8)     942.3
DROPBOX INC-A     1Q5 GZ          3,328.1       (94.8)     942.3
EAST RESOURCES A  ERESU US          345.3       (40.5)     (40.5)
EAST RESOURCES-A  ERES US           345.3       (40.5)     (40.5)
ESPERION THERAPE  0ET GR            280.5      (304.3)     192.5
ESPERION THERAPE  0ET TH            280.5      (304.3)     192.5
ESPERION THERAPE  ESPREUR EU        280.5      (304.3)     192.5
ESPERION THERAPE  0ET QT            280.5      (304.3)     192.5
ESPERION THERAPE  ESPREUR EZ        280.5      (304.3)     192.5
ESPERION THERAPE  ESPR US           280.5      (304.3)     192.5
ESPERION THERAPE  0ET GZ            280.5      (304.3)     192.5
EXPRESS INC       EXPR US         1,250.4       (23.5)    (135.9)
EXPRESS INC       02Z TH          1,250.4       (23.5)    (135.9)
EXPRESS INC       02Z GR          1,250.4       (23.5)    (135.9)
EXPRESS INC       02Z QT          1,250.4       (23.5)    (135.9)
EXPRESS INC       EXPREUR EU      1,250.4       (23.5)    (135.9)
EXPRESS INC       02Z GZ          1,250.4       (23.5)    (135.9)
F45 TRAINING HOL  FXLV US           107.0      (308.8)       4.9
F45 TRAINING HOL  4OP GR            107.0      (308.8)       4.9
F45 TRAINING HOL  FXLVEUR EU        107.0      (308.8)       4.9
F45 TRAINING HOL  4OP TH            107.0      (308.8)       4.9
F45 TRAINING HOL  4OP GZ            107.0      (308.8)       4.9
F45 TRAINING HOL  4OP QT            107.0      (308.8)       4.9
FARADAY FUTURE I  FFIE US           229.9        (9.4)      (2.4)
FARMERS EDGE INC  FDGE CN           194.0       150.0      101.2
FARMERS EDGE INC  FMEGF US          194.0       150.0      101.2
FERRELLGAS PAR-B  FGPRB US        1,729.6      (171.7)     298.1
FERRELLGAS-LP     FGPR US         1,729.6      (171.7)     298.1
FIRST LIGHT ACQ   FLAG/U US           0.6        (0.1)      (0.6)
FLEXION THERAPEU  FLXN US           210.0       (56.2)     144.2
FLEXION THERAPEU  F02 GR            210.0       (56.2)     144.2
FLEXION THERAPEU  FLXNEUR EZ        210.0       (56.2)     144.2
FLEXION THERAPEU  F02 TH            210.0       (56.2)     144.2
FLEXION THERAPEU  FLXNEUR EU        210.0       (56.2)     144.2
FLEXION THERAPEU  F02 QT            210.0       (56.2)     144.2
FLEXION THERAPEU  F02 GZ            210.0       (56.2)     144.2
GALERA THERAPEUT  GRTX US           115.3       (25.5)      92.0
GBX INTERNATIONA  GBXI US             0.2        (0.3)      (0.4)
GLOBAL SPAC -SUB  GLSPT US          170.2       (12.2)      (5.0)
GLOBAL SPAC PART  GLSPU US          170.2       (12.2)      (5.0)
GODADDY INC -BDR  G2DD34 BZ       7,362.1       (31.4)    (465.7)
GODADDY INC-A     GDDY US         7,362.1       (31.4)    (465.7)
GODADDY INC-A     38D GR          7,362.1       (31.4)    (465.7)
GODADDY INC-A     38D QT          7,362.1       (31.4)    (465.7)
GODADDY INC-A     38D TH          7,362.1       (31.4)    (465.7)
GODADDY INC-A     GDDY* MM        7,362.1       (31.4)    (465.7)
GODADDY INC-A     38D GZ          7,362.1       (31.4)    (465.7)
GOGO INC          GOGO US           352.0      (577.3)       0.3
GOGO INC          G0G QT            352.0      (577.3)       0.3
GOGO INC          G0G GR            352.0      (577.3)       0.3
GOGO INC          G0G TH            352.0      (577.3)       0.3
GOGO INC          GOGOEUR EZ        352.0      (577.3)       0.3
GOGO INC          GOGOEUR EU        352.0      (577.3)       0.3
GOGO INC          G0G GZ            352.0      (577.3)       0.3
GOLDEN NUGGET ON  GNOG US           277.8       (17.5)     124.8
GOLDEN NUGGET ON  LCA2EUR EU        277.8       (17.5)     124.8
GOLDEN NUGGET ON  5ZU TH            277.8       (17.5)     124.8
GOOSEHEAD INSU-A  GSHD US           238.0       (27.5)      28.7
GOOSEHEAD INSU-A  2OX GR            238.0       (27.5)      28.7
GOOSEHEAD INSU-A  GSHDEUR EU        238.0       (27.5)      28.7
GOOSEHEAD INSU-A  2OX TH            238.0       (27.5)      28.7
GOOSEHEAD INSU-A  2OX QT            238.0       (27.5)      28.7
GORES HOLD VII-A  GSEV US           552.6       515.5      (15.3)
GORES HOLDINGS V  GSEVU US          552.6       515.5      (15.3)
GORES TECH-B      GTPB US           462.3       417.7      (26.3)
GORES TECHNOLOGY  GTPBU US          462.3       417.7      (26.3)
GRAFTECH INTERNA  G6G GR          1,397.1      (176.6)     388.9
GRAFTECH INTERNA  G6G TH          1,397.1      (176.6)     388.9
GRAFTECH INTERNA  EAFEUR EU       1,397.1      (176.6)     388.9
GRAFTECH INTERNA  G6G QT          1,397.1      (176.6)     388.9
GRAFTECH INTERNA  G6G GZ          1,397.1      (176.6)     388.9
GRAFTECH INTERNA  EAF US          1,397.1      (176.6)     388.9
GRAFTECH INTERNA  EAF* MM         1,397.1      (176.6)     388.9
GRAPHITE BIO INC  GRPH US           387.1       379.2      376.9
GREEN PLAINS PAR  GPP US            102.5        (4.0)      (8.6)
GREENSKY INC-A    GSKY US         1,311.0      (118.5)     610.3
HERBALIFE NUTRIT  HLF US          2,966.7    (1,291.2)     564.0
HERBALIFE NUTRIT  HOO GR          2,966.7    (1,291.2)     564.0
HERBALIFE NUTRIT  HLFEUR EU       2,966.7    (1,291.2)     564.0
HERBALIFE NUTRIT  HOO QT          2,966.7    (1,291.2)     564.0
HERBALIFE NUTRIT  HOO TH          2,966.7    (1,291.2)     564.0
HERBALIFE NUTRIT  HLFEUR EZ       2,966.7    (1,291.2)     564.0
HERBALIFE NUTRIT  HOO GZ          2,966.7    (1,291.2)     564.0
HEWLETT-CEDEAR    HPQC AR        35,523.0    (3,942.0)  (7,064.0)
HEWLETT-CEDEAR    HPQD AR        35,523.0    (3,942.0)  (7,064.0)
HEWLETT-CEDEAR    HPQ AR         35,523.0    (3,942.0)  (7,064.0)
HILTON WORLD-BDR  H1LT34 BZ      15,090.0    (1,416.0)    (400.0)
HILTON WORLDWIDE  HI91 TH        15,090.0    (1,416.0)    (400.0)
HILTON WORLDWIDE  HI91 GR        15,090.0    (1,416.0)    (400.0)
HILTON WORLDWIDE  HI91 QT        15,090.0    (1,416.0)    (400.0)
HILTON WORLDWIDE  HLT US         15,090.0    (1,416.0)    (400.0)
HILTON WORLDWIDE  HLTEUR EZ      15,090.0    (1,416.0)    (400.0)
HILTON WORLDWIDE  HLTW AV        15,090.0    (1,416.0)    (400.0)
HILTON WORLDWIDE  HLT* MM        15,090.0    (1,416.0)    (400.0)
HILTON WORLDWIDE  HI91 TE        15,090.0    (1,416.0)    (400.0)
HILTON WORLDWIDE  HLTEUR EU      15,090.0    (1,416.0)    (400.0)
HILTON WORLDWIDE  HI91 GZ        15,090.0    (1,416.0)    (400.0)
HILTON WORLDWIDE  HLT-RM RM      15,090.0    (1,416.0)    (400.0)
HORIZON GLOBAL    HZN US            479.4       (22.5)     108.1
HORIZON GLOBAL    2H6 GR            479.4       (22.5)     108.1
HORIZON GLOBAL    HZN1EUR EU        479.4       (22.5)     108.1
HORIZON GLOBAL    2H6 GZ            479.4       (22.5)     108.1
HP COMPANY-BDR    HPQB34 BZ      35,523.0    (3,942.0)  (7,064.0)
HP INC            HPQ TE         35,523.0    (3,942.0)  (7,064.0)
HP INC            HPQ US         35,523.0    (3,942.0)  (7,064.0)
HP INC            7HP TH         35,523.0    (3,942.0)  (7,064.0)
HP INC            7HP GR         35,523.0    (3,942.0)  (7,064.0)
HP INC            HPQ* MM        35,523.0    (3,942.0)  (7,064.0)
HP INC            HPQ SW         35,523.0    (3,942.0)  (7,064.0)
HP INC            7HP QT         35,523.0    (3,942.0)  (7,064.0)
HP INC            HPQEUR EZ      35,523.0    (3,942.0)  (7,064.0)
HP INC            HPQ CI         35,523.0    (3,942.0)  (7,064.0)
HP INC            HPQEUR EU      35,523.0    (3,942.0)  (7,064.0)
HP INC            7HP GZ         35,523.0    (3,942.0)  (7,064.0)
HP INC            HPQ AV         35,523.0    (3,942.0)  (7,064.0)
HP INC            HPQUSD SW      35,523.0    (3,942.0)  (7,064.0)
HP INC            HPQ-RM RM      35,523.0    (3,942.0)  (7,064.0)
HYRECAR INC       HYRE US            27.6        12.7       12.6
HYRECAR INC       8HY TH             27.6        12.7       12.6
IMMUNITYBIO INC   IBRX US           246.3      (158.6)      39.3
IMMUNITYBIO INC   26CA GR           246.3      (158.6)      39.3
IMMUNITYBIO INC   NK1EUR EU         246.3      (158.6)      39.3
IMMUNITYBIO INC   26CA GZ           246.3      (158.6)      39.3
IMMUNITYBIO INC   NK1EUR EZ         246.3      (158.6)      39.3
IMMUNITYBIO INC   26CA TH           246.3      (158.6)      39.3
IMMUNITYBIO INC   26CA QT           246.3      (158.6)      39.3
INFRASTRUCTURE A  IEA US            798.3       (91.7)      81.3
INFRASTRUCTURE A  IEAEUR EU         798.3       (91.7)      81.3
INFRASTRUCTURE A  5YF GR            798.3       (91.7)      81.3
INFRASTRUCTURE A  5YF TH            798.3       (91.7)      81.3
INFRASTRUCTURE A  5YF QT            798.3       (91.7)      81.3
INSEEGO CORP      INO TH            224.7        (8.9)      63.7
INSEEGO CORP      INO QT            224.7        (8.9)      63.7
INSEEGO CORP      INSGEUR EZ        224.7        (8.9)      63.7
INSEEGO CORP      INO GZ            224.7        (8.9)      63.7
INSEEGO CORP      INSG US           224.7        (8.9)      63.7
INSEEGO CORP      INO GR            224.7        (8.9)      63.7
INSEEGO CORP      INSGEUR EU        224.7        (8.9)      63.7
INSPIRED ENTERTA  INSE US           286.2      (151.7)     (17.7)
INSPIRED ENTERTA  4U8 GR            286.2      (151.7)     (17.7)
INSPIRED ENTERTA  INSEEUR EU        286.2      (151.7)     (17.7)
INSTADOSE PHARMA  INSD US             -          (0.1)      (0.1)
INTAPP INC        INTA US           459.8       (13.4)     (58.0)
INTERCEPT PHARMA  I4P TH            523.2      (203.2)     347.8
INTERCEPT PHARMA  ICPT* MM          523.2      (203.2)     347.8
INTERCEPT PHARMA  ICPT US           523.2      (203.2)     347.8
INTERCEPT PHARMA  I4P GR            523.2      (203.2)     347.8
INTERCEPT PHARMA  I4P GZ            523.2      (203.2)     347.8
J. JILL INC       JILL US           469.5       (60.9)     (13.8)
JACK IN THE BOX   JBX GR          1,787.5      (811.6)    (136.4)
JACK IN THE BOX   JACK US         1,787.5      (811.6)    (136.4)
JACK IN THE BOX   JACK1EUR EU     1,787.5      (811.6)    (136.4)
JACK IN THE BOX   JACK1EUR EZ     1,787.5      (811.6)    (136.4)
JACK IN THE BOX   JBX GZ          1,787.5      (811.6)    (136.4)
JACK IN THE BOX   JBX QT          1,787.5      (811.6)    (136.4)
KALTURA INC       KLTR US           112.1      (107.3)     (36.0)
KARYOPHARM THERA  25K GR            286.6       (83.1)     215.4
KARYOPHARM THERA  KPTIEUR EU        286.6       (83.1)     215.4
KARYOPHARM THERA  KPTI US           286.6       (83.1)     215.4
KARYOPHARM THERA  25K QT            286.6       (83.1)     215.4
KARYOPHARM THERA  25K TH            286.6       (83.1)     215.4
KARYOPHARM THERA  25K SW            286.6       (83.1)     215.4
KARYOPHARM THERA  25K GZ            286.6       (83.1)     215.4
KL ACQUISI-CLS A  KLAQ US           288.8       264.5        0.7
KL ACQUISITION C  KLAQU US          288.8       264.5        0.7
KNOWBE4 INC-A     KNBE US           443.2       174.9      155.9
L BRANDS INC-BDR  B1BW34 BZ      10,392.0    (1,188.0)   1,889.0
LAREDO PETROLEUM  8LP1 GR         1,786.8      (154.3)    (186.9)
LAREDO PETROLEUM  LPI US          1,786.8      (154.3)    (186.9)
LAREDO PETROLEUM  8LP1 QT         1,786.8      (154.3)    (186.9)
LAREDO PETROLEUM  LPI1EUR EU      1,786.8      (154.3)    (186.9)
LAREDO PETROLEUM  LPI1EUR EZ      1,786.8      (154.3)    (186.9)
LDH GROWTH C-A    LDHA US           233.0       213.1        2.3
LDH GROWTH CORP   LDHAU US          233.0       213.1        2.3
LEGALZOOMCOM INC  LZ US             284.8      (482.7)     (76.5)
LEGALZOOMCOM INC  1LZ GR            284.8      (482.7)     (76.5)
LEGALZOOMCOM INC  1LZ GZ            284.8      (482.7)     (76.5)
LEGALZOOMCOM INC  LZEUR EU          284.8      (482.7)     (76.5)
LEGALZOOMCOM INC  1LZ TH            284.8      (482.7)     (76.5)
LEGALZOOMCOM INC  1LZ QT            284.8      (482.7)     (76.5)
LENNOX INTL INC   LII US          2,204.7      (213.3)     202.6
LENNOX INTL INC   LXI GR          2,204.7      (213.3)     202.6
LENNOX INTL INC   LII* MM         2,204.7      (213.3)     202.6
LENNOX INTL INC   LXI TH          2,204.7      (213.3)     202.6
LENNOX INTL INC   LII1EUR EU      2,204.7      (213.3)     202.6
LESLIE'S INC      LESL US           997.8      (265.7)     255.9
LESLIE'S INC      LE3 GR            997.8      (265.7)     255.9
LESLIE'S INC      LESLEUR EU        997.8      (265.7)     255.9
LESLIE'S INC      LE3 TH            997.8      (265.7)     255.9
LESLIE'S INC      LE3 QT            997.8      (265.7)     255.9
LIFEMD INC        LFMD US            24.0        (4.2)       3.9
LIFESPEAK INC     LSPK CN            11.8       (30.2)      (5.7)
LION ELECTRIC CO  LEV US              -           -          -
LION ELECTRIC CO  LEV CN              -           -          -
LIVE NATION ENTE  LYV US         12,245.7      (328.8)     258.0
LIVE NATION ENTE  3LN GR         12,245.7      (328.8)     258.0
LIVE NATION ENTE  3LN SW         12,245.7      (328.8)     258.0
LIVE NATION ENTE  LYV* MM        12,245.7      (328.8)     258.0
LIVE NATION ENTE  LYVEUR EZ      12,245.7      (328.8)     258.0
LIVE NATION ENTE  3LN TH         12,245.7      (328.8)     258.0
LIVE NATION ENTE  3LN QT         12,245.7      (328.8)     258.0
LIVE NATION ENTE  LYVEUR EU      12,245.7      (328.8)     258.0
LIVE NATION ENTE  3LN GZ         12,245.7      (328.8)     258.0
LIVE NATION ENTE  LYV-RM RM      12,245.7      (328.8)     258.0
LIVE NATION-BDR   L1YV34 BZ      12,245.7      (328.8)     258.0
LOWE'S COS INC    LWE TH         49,404.0      (175.0)   3,419.0
LOWE'S COS INC    LWE QT         49,404.0      (175.0)   3,419.0
LOWE'S COS INC    LOWEUR EU      49,404.0      (175.0)   3,419.0
LOWE'S COS INC    LWE GR         49,404.0      (175.0)   3,419.0
LOWE'S COS INC    LOW US         49,404.0      (175.0)   3,419.0
LOWE'S COS INC    LOWE AV        49,404.0      (175.0)   3,419.0
LOWE'S COS INC    LOWEUR EZ      49,404.0      (175.0)   3,419.0
LOWE'S COS INC    LWE GZ         49,404.0      (175.0)   3,419.0
LOWE'S COS INC    LOW* MM        49,404.0      (175.0)   3,419.0
LOWE'S COS INC    LWE TE         49,404.0      (175.0)   3,419.0
LOWE'S COS INC    LOW-RM RM      49,404.0      (175.0)   3,419.0
LOWE'S COS-BDR    LOWC34 BZ      49,404.0      (175.0)   3,419.0
MADISON SQUARE G  MSGS US         1,309.9      (201.9)    (183.0)
MADISON SQUARE G  MS8 GR          1,309.9      (201.9)    (183.0)
MADISON SQUARE G  MSG1EUR EU      1,309.9      (201.9)    (183.0)
MADISON SQUARE G  MS8 TH          1,309.9      (201.9)    (183.0)
MADISON SQUARE G  MS8 QT          1,309.9      (201.9)    (183.0)
MADISON SQUARE G  MS8 GZ          1,309.9      (201.9)    (183.0)
MAGNET FORENSICS  MAGT CN           137.8        83.8       85.0
MAGNET FORENSICS  91T GR            137.8        83.8       85.0
MAGNET FORENSICS  MAGTEUR EU        137.8        83.8       85.0
MAGNET FORENSICS  MAGTF US          137.8        83.8       85.0
MANNKIND CORP     NNFN TH           252.8      (183.6)     119.5
MANNKIND CORP     MNKD US           252.8      (183.6)     119.5
MANNKIND CORP     NNFN GR           252.8      (183.6)     119.5
MANNKIND CORP     MNKDEUR EU        252.8      (183.6)     119.5
MANNKIND CORP     NNFN QT           252.8      (183.6)     119.5
MANNKIND CORP     MNKDEUR EZ        252.8      (183.6)     119.5
MANNKIND CORP     NNFN GZ           252.8      (183.6)     119.5
MARKETWISE INC    MKTW US           491.2    (1,559.3)     (92.0)
MATCH GROUP -BDR  M1TC34 BZ       4,433.9      (133.8)      56.5
MATCH GROUP INC   MTCH US         4,433.9      (133.8)      56.5
MATCH GROUP INC   MTCH1* MM       4,433.9      (133.8)      56.5
MATCH GROUP INC   4MGN TH         4,433.9      (133.8)      56.5
MATCH GROUP INC   4MGN QT         4,433.9      (133.8)      56.5
MATCH GROUP INC   4MGN GR         4,433.9      (133.8)      56.5
MATCH GROUP INC   MTC2 AV         4,433.9      (133.8)      56.5
MATCH GROUP INC   4MGN GZ         4,433.9      (133.8)      56.5
MBIA INC          MBJ TH          5,252.0       (23.0)       -
MBIA INC          MBI US          5,252.0       (23.0)       -
MBIA INC          MBJ GR          5,252.0       (23.0)       -
MBIA INC          MBJ QT          5,252.0       (23.0)       -
MBIA INC          MBI1EUR EZ      5,252.0       (23.0)       -
MBIA INC          MBI1EUR EU      5,252.0       (23.0)       -
MBIA INC          MBJ GZ          5,252.0       (23.0)       -
MCAFEE CORP - A   MCFE US         5,437.0    (1,704.0)  (1,351.0)
MCAFEE CORP - A   MC7 GR          5,437.0    (1,704.0)  (1,351.0)
MCAFEE CORP - A   MCFEEUR EU      5,437.0    (1,704.0)  (1,351.0)
MCAFEE CORP - A   MC7 TH          5,437.0    (1,704.0)  (1,351.0)
MCDONALD'S CORP   TCXMCD AU      51,893.1    (5,808.0)   1,766.4
MCDONALDS - BDR   MCDC34 BZ      51,893.1    (5,808.0)   1,766.4
MCDONALDS CORP    MDO TH         51,893.1    (5,808.0)   1,766.4
MCDONALDS CORP    MCD US         51,893.1    (5,808.0)   1,766.4
MCDONALDS CORP    MCD SW         51,893.1    (5,808.0)   1,766.4
MCDONALDS CORP    MDO GR         51,893.1    (5,808.0)   1,766.4
MCDONALDS CORP    MCD* MM        51,893.1    (5,808.0)   1,766.4
MCDONALDS CORP    MCD TE         51,893.1    (5,808.0)   1,766.4
MCDONALDS CORP    MDO QT         51,893.1    (5,808.0)   1,766.4
MCDONALDS CORP    MCDEUR EZ      51,893.1    (5,808.0)   1,766.4
MCDONALDS CORP    0R16 LN        51,893.1    (5,808.0)   1,766.4
MCDONALDS CORP    MCD CI         51,893.1    (5,808.0)   1,766.4
MCDONALDS CORP    MCDEUR EU      51,893.1    (5,808.0)   1,766.4
MCDONALDS CORP    MDO GZ         51,893.1    (5,808.0)   1,766.4
MCDONALDS CORP    MCD AV         51,893.1    (5,808.0)   1,766.4
MCDONALDS CORP    MCDUSD SW      51,893.1    (5,808.0)   1,766.4
MCDONALDS CORP    MCD-RM RM      51,893.1    (5,808.0)   1,766.4
MCDONALDS CORP    MCDCL CI       51,893.1    (5,808.0)   1,766.4
MCDONALDS-CEDEAR  MCD AR         51,893.1    (5,808.0)   1,766.4
MCDONALDS-CEDEAR  MCDC AR        51,893.1    (5,808.0)   1,766.4
MCDONALDS-CEDEAR  MCDD AR        51,893.1    (5,808.0)   1,766.4
MCKESSON CORP     MCK TH         62,894.0       (38.0)    (485.0)
MCKESSON CORP     MCK1EUR EU     62,894.0       (38.0)    (485.0)
MCKESSON CORP     MCK QT         62,894.0       (38.0)    (485.0)
MCKESSON CORP     MCK GR         62,894.0       (38.0)    (485.0)
MCKESSON CORP     MCK US         62,894.0       (38.0)    (485.0)
MCKESSON CORP     MCK1EUR EZ     62,894.0       (38.0)    (485.0)
MCKESSON CORP     MCK GZ         62,894.0       (38.0)    (485.0)
MCKESSON CORP     MCK* MM        62,894.0       (38.0)    (485.0)
MCKESSON-BDR      M1CK34 BZ      62,894.0       (38.0)    (485.0)
MEDIAALPHA INC-A  MAX US            236.4       (79.2)      41.0
METAMATERIAL EXC  MMAX CN            15.0        (1.6)       2.6
METAMATERIAL EXC  CZQEUR EU          15.0        (1.6)       2.6
METROMILE INC     MILE US           202.2       (57.0)       -
MIROMATRIX MEDIC  MIRO US            67.1        63.4       64.3
MONEYGRAM INTERN  9M1N GR         4,473.0      (168.2)     (18.4)
MONEYGRAM INTERN  9M1N QT         4,473.0      (168.2)     (18.4)
MONEYGRAM INTERN  MGI US          4,473.0      (168.2)     (18.4)
MONEYGRAM INTERN  MGIEUR EZ       4,473.0      (168.2)     (18.4)
MONEYGRAM INTERN  9M1N TH         4,473.0      (168.2)     (18.4)
MONEYGRAM INTERN  MGIEUR EU       4,473.0      (168.2)     (18.4)
MOTOROLA SOL-BDR  M1SI34 BZ      11,131.0      (344.0)   1,476.0
MOTOROLA SOL-CED  MSI AR         11,131.0      (344.0)   1,476.0
MOTOROLA SOLUTIO  MOT TE         11,131.0      (344.0)   1,476.0
MOTOROLA SOLUTIO  MSI US         11,131.0      (344.0)   1,476.0
MOTOROLA SOLUTIO  MTLA TH        11,131.0      (344.0)   1,476.0
MOTOROLA SOLUTIO  MTLA QT        11,131.0      (344.0)   1,476.0
MOTOROLA SOLUTIO  MSI1EUR EZ     11,131.0      (344.0)   1,476.0
MOTOROLA SOLUTIO  MOSI AV        11,131.0      (344.0)   1,476.0
MOTOROLA SOLUTIO  MSI1EUR EU     11,131.0      (344.0)   1,476.0
MOTOROLA SOLUTIO  MTLA GZ        11,131.0      (344.0)   1,476.0
MOTOROLA SOLUTIO  MTLA GR        11,131.0      (344.0)   1,476.0
MSCI INC          MSCI US         4,791.1      (367.8)   1,607.9
MSCI INC          3HM GR          4,791.1      (367.8)   1,607.9
MSCI INC          3HM GZ          4,791.1      (367.8)   1,607.9
MSCI INC          3HM SW          4,791.1      (367.8)   1,607.9
MSCI INC          MSCIEUR EZ      4,791.1      (367.8)   1,607.9
MSCI INC          3HM QT          4,791.1      (367.8)   1,607.9
MSCI INC          MSCI* MM        4,791.1      (367.8)   1,607.9
MSCI INC          3HM TH          4,791.1      (367.8)   1,607.9
MSCI INC          MSCI PE         4,791.1      (367.8)   1,607.9
MSCI INC          MSCI AV         4,791.1      (367.8)   1,607.9
MSCI INC          MSCI-RM RM      4,791.1      (367.8)   1,607.9
MSCI INC-BDR      M1SC34 BZ       4,791.1      (367.8)   1,607.9
NATHANS FAMOUS    NATH US           114.0       (58.1)      85.0
NATHANS FAMOUS    NFA GR            114.0       (58.1)      85.0
NATHANS FAMOUS    NATHEUR EU        114.0       (58.1)      85.0
NATIONAL CINEMED  NCMI US           851.0      (349.0)     122.1
NATIONAL CINEMED  XWM GR            851.0      (349.0)     122.1
NATIONAL CINEMED  NCMIEUR EU        851.0      (349.0)     122.1
NEIGHBOURLY PHAR  NBLY CN           504.1       319.8      123.0
NEUROPACE INC     NPCE US           147.0        88.7      138.8
NEW ENG RLTY-LP   NEN US            290.2       (43.5)       -
NEXIMMUNE INC     NEXI US           115.4       109.9      105.7
NEXIMMUNE INC     737 GR            115.4       109.9      105.7
NEXIMMUNE INC     737 TH            115.4       109.9      105.7
NEXIMMUNE INC     NEXI1EUR EU       115.4       109.9      105.7
NEXIMMUNE INC     737 GZ            115.4       109.9      105.7
NOBLE CORP        NE US           2,150.5     1,385.7      195.7
NOBLE ROCK ACQ-A  NRAC US           243.3       223.0        1.6
NOBLE ROCK ACQUI  NRACU US          243.3       223.0        1.6
NORTHERN OIL AND  NOG US          1,091.8      (168.2)    (161.2)
NORTHERN OIL AND  4LT1 GR         1,091.8      (168.2)    (161.2)
NORTHERN OIL AND  NOG1EUR EU      1,091.8      (168.2)    (161.2)
NORTHERN OIL AND  4LT1 TH         1,091.8      (168.2)    (161.2)
NORTHERN OIL AND  4LT1 GZ         1,091.8      (168.2)    (161.2)
NORTONLIFEL- BDR  S1YM34 BZ       6,565.0      (497.0)    (435.0)
NORTONLIFELOCK I  NLOK US         6,565.0      (497.0)    (435.0)
NORTONLIFELOCK I  SYM TH          6,565.0      (497.0)    (435.0)
NORTONLIFELOCK I  SYM GR          6,565.0      (497.0)    (435.0)
NORTONLIFELOCK I  SYMC TE         6,565.0      (497.0)    (435.0)
NORTONLIFELOCK I  SYM QT          6,565.0      (497.0)    (435.0)
NORTONLIFELOCK I  SYM SW          6,565.0      (497.0)    (435.0)
NORTONLIFELOCK I  SYMCEUR EZ      6,565.0      (497.0)    (435.0)
NORTONLIFELOCK I  SYMCEUR EU      6,565.0      (497.0)    (435.0)
NORTONLIFELOCK I  SYM GZ          6,565.0      (497.0)    (435.0)
NORTONLIFELOCK I  SYMC AV         6,565.0      (497.0)    (435.0)
NORTONLIFELOCK I  NLOK* MM        6,565.0      (497.0)    (435.0)
NORTONLIFELOCK I  NLOK-RM RM      6,565.0      (497.0)    (435.0)
NRX PHARMACEUTIC  NRXP US            18.5       (17.4)     (16.9)
NRX PHARMACEUTIC  B1QB GR            18.5       (17.4)     (16.9)
NRX PHARMACEUTIC  BRPAEUR EU         18.5       (17.4)     (16.9)
NRX PHARMACEUTIC  BRPAEUR EZ         18.5       (17.4)     (16.9)
NRX PHARMACEUTIC  B1QB GZ            18.5       (17.4)     (16.9)
NRX PHARMACEUTIC  B1QB TH            18.5       (17.4)     (16.9)
NRX PHARMACEUTIC  B1QB QT            18.5       (17.4)     (16.9)
NUTANIX INC - A   NTNX US         2,277.5    (1,012.0)     634.4
NUTANIX INC - A   NTNXEUR EZ      2,277.5    (1,012.0)     634.4
NUTANIX INC - A   0NU GZ          2,277.5    (1,012.0)     634.4
NUTANIX INC - A   0NU GR          2,277.5    (1,012.0)     634.4
NUTANIX INC - A   NTNXEUR EU      2,277.5    (1,012.0)     634.4
NUTANIX INC - A   0NU TH          2,277.5    (1,012.0)     634.4
NUTANIX INC - A   0NU QT          2,277.5    (1,012.0)     634.4
OMEROS CORP       OMER US           145.4      (246.3)      64.7
OMEROS CORP       3O8 GR            145.4      (246.3)      64.7
OMEROS CORP       3O8 TH            145.4      (246.3)      64.7
OMEROS CORP       OMEREUR EU        145.4      (246.3)      64.7
OMEROS CORP       3O8 QT            145.4      (246.3)      64.7
OMEROS CORP       3O8 GZ            145.4      (246.3)      64.7
ONCOLOGY PHARMA   ONPH US             0.0        (0.4)      (0.4)
OPTINOSE INC      OPTN US           139.5       (37.1)      85.8
ORACLE BDR        ORCL34 BZ     122,924.0    (1,130.0)  24,046.0
ORACLE CO-CEDEAR  ORCLC AR      122,924.0    (1,130.0)  24,046.0
ORACLE CO-CEDEAR  ORCL AR       122,924.0    (1,130.0)  24,046.0
ORACLE CO-CEDEAR  ORCLD AR      122,924.0    (1,130.0)  24,046.0
ORACLE CORP       ORCL US       122,924.0    (1,130.0)  24,046.0
ORACLE CORP       ORC GR        122,924.0    (1,130.0)  24,046.0
ORACLE CORP       ORC TH        122,924.0    (1,130.0)  24,046.0
ORACLE CORP       ORCL TE       122,924.0    (1,130.0)  24,046.0
ORACLE CORP       ORCL* MM      122,924.0    (1,130.0)  24,046.0
ORACLE CORP       ORCL SW       122,924.0    (1,130.0)  24,046.0
ORACLE CORP       ORCLEUR EU    122,924.0    (1,130.0)  24,046.0
ORACLE CORP       ORC QT        122,924.0    (1,130.0)  24,046.0
ORACLE CORP       0R1Z LN       122,924.0    (1,130.0)  24,046.0
ORACLE CORP       ORCL AV       122,924.0    (1,130.0)  24,046.0
ORACLE CORP       ORCLEUR EZ    122,924.0    (1,130.0)  24,046.0
ORACLE CORP       ORCL CI       122,924.0    (1,130.0)  24,046.0
ORACLE CORP       ORC GZ        122,924.0    (1,130.0)  24,046.0
ORACLE CORP       ORCLUSD SW    122,924.0    (1,130.0)  24,046.0
ORACLE CORP       ORCLCL CI     122,924.0    (1,130.0)  24,046.0
ORACLE CORP       ORCL-RM RM    122,924.0    (1,130.0)  24,046.0
ORGANON & CO      OGN US         10,908.0    (1,934.0)     936.0
ORGANON & CO      7XP TH         10,908.0    (1,934.0)     936.0
ORGANON & CO      OGN-WEUR EU    10,908.0    (1,934.0)     936.0
ORGANON & CO      7XP GR         10,908.0    (1,934.0)     936.0
ORGANON & CO      OGN* MM        10,908.0    (1,934.0)     936.0
ORGANON & CO      7XP GZ         10,908.0    (1,934.0)     936.0
ORGANON & CO      7XP QT         10,908.0    (1,934.0)     936.0
ORGANON & CO      OGN-RM RM      10,908.0    (1,934.0)     936.0
ORTHO CLINCICAL   OCDX US         3,304.2       375.5      389.8
ORTHO CLINCICAL   OCDXEUR EU      3,304.2       375.5      389.8
ORTHO CLINCICAL   41V TH          3,304.2       375.5      389.8
OTIS WORLDWI      OTIS US        10,857.0    (3,254.0)     (35.0)
OTIS WORLDWI      4PG GR         10,857.0    (3,254.0)     (35.0)
OTIS WORLDWI      OTISEUR EZ     10,857.0    (3,254.0)     (35.0)
OTIS WORLDWI      4PG GZ         10,857.0    (3,254.0)     (35.0)
OTIS WORLDWI      OTIS* MM       10,857.0    (3,254.0)     (35.0)
OTIS WORLDWI      OTISEUR EU     10,857.0    (3,254.0)     (35.0)
OTIS WORLDWI      4PG TH         10,857.0    (3,254.0)     (35.0)
OTIS WORLDWI      4PG QT         10,857.0    (3,254.0)     (35.0)
OTIS WORLDWI      OTIS AV        10,857.0    (3,254.0)     (35.0)
OTIS WORLDWI      OTIS-RM RM     10,857.0    (3,254.0)     (35.0)
OTIS WORLDWI-BDR  O1TI34 BZ      10,857.0    (3,254.0)     (35.0)
PAPA JOHN'S INTL  PZZA US           855.7      (141.1)     (54.2)
PAPA JOHN'S INTL  PP1 GR            855.7      (141.1)     (54.2)
PAPA JOHN'S INTL  PZZAEUR EU        855.7      (141.1)     (54.2)
PAPA JOHN'S INTL  PP1 GZ            855.7      (141.1)     (54.2)
PAPA JOHN'S INTL  PP1 TH            855.7      (141.1)     (54.2)
PAPA JOHN'S INTL  PZZAEUR EZ        855.7      (141.1)     (54.2)
PAPA JOHN'S INTL  PP1 QT            855.7      (141.1)     (54.2)
PARATEK PHARMACE  PRTK US           179.6       (99.3)     132.5
PARATEK PHARMACE  N4CN GR           179.6       (99.3)     132.5
PARATEK PHARMACE  N4CN TH           179.6       (99.3)     132.5
PARATEK PHARMACE  N4CN GZ           179.6       (99.3)     132.5
PET VALU HOLDING  PET CN            533.6      (152.2)      36.2
PHASEBIO PHARMAC  PHAS US           100.6       (19.2)      72.3
PHASEBIO PHARMAC  2K4 GR            100.6       (19.2)      72.3
PHASEBIO PHARMAC  2K4 TH            100.6       (19.2)      72.3
PHASEBIO PHARMAC  2K4 QT            100.6       (19.2)      72.3
PHASEBIO PHARMAC  PHASEUR EU        100.6       (19.2)      72.3
PHASEBIO PHARMAC  2K4 GZ            100.6       (19.2)      72.3
PHILIP MORRI-BDR  PHMO34 BZ      40,686.0    (9,200.0)   2,859.0
PHILIP MORRIS IN  4I1 GR         40,686.0    (9,200.0)   2,859.0
PHILIP MORRIS IN  PM US          40,686.0    (9,200.0)   2,859.0
PHILIP MORRIS IN  PM1CHF EU      40,686.0    (9,200.0)   2,859.0
PHILIP MORRIS IN  PM1 TE         40,686.0    (9,200.0)   2,859.0
PHILIP MORRIS IN  4I1 TH         40,686.0    (9,200.0)   2,859.0
PHILIP MORRIS IN  PMI SW         40,686.0    (9,200.0)   2,859.0
PHILIP MORRIS IN  PM1EUR EU      40,686.0    (9,200.0)   2,859.0
PHILIP MORRIS IN  4I1 QT         40,686.0    (9,200.0)   2,859.0
PHILIP MORRIS IN  PMIZ IX        40,686.0    (9,200.0)   2,859.0
PHILIP MORRIS IN  PMIZ EB        40,686.0    (9,200.0)   2,859.0
PHILIP MORRIS IN  PMOR AV        40,686.0    (9,200.0)   2,859.0
PHILIP MORRIS IN  PM1CHF EZ      40,686.0    (9,200.0)   2,859.0
PHILIP MORRIS IN  PM1EUR EZ      40,686.0    (9,200.0)   2,859.0
PHILIP MORRIS IN  4I1 GZ         40,686.0    (9,200.0)   2,859.0
PHILIP MORRIS IN  0M8V LN        40,686.0    (9,200.0)   2,859.0
PHILIP MORRIS IN  PM* MM         40,686.0    (9,200.0)   2,859.0
PHILIP MORRIS IN  PM-RM RM       40,686.0    (9,200.0)   2,859.0
PLANET FITNESS I  P2LN34 BZ       1,899.6      (679.4)     446.2
PLANET FITNESS-A  PLNT US         1,899.6      (679.4)     446.2
PLANET FITNESS-A  3PL TH          1,899.6      (679.4)     446.2
PLANET FITNESS-A  3PL GR          1,899.6      (679.4)     446.2
PLANET FITNESS-A  PLNT1EUR EZ     1,899.6      (679.4)     446.2
PLANET FITNESS-A  3PL QT          1,899.6      (679.4)     446.2
PLANET FITNESS-A  PLNT1EUR EU     1,899.6      (679.4)     446.2
PLANET FITNESS-A  3PL GZ          1,899.6      (679.4)     446.2
PLANTRONICS INC   POLY US         2,135.1      (112.6)     207.9
PLANTRONICS INC   PTM GR          2,135.1      (112.6)     207.9
PLANTRONICS INC   PLTEUR EU       2,135.1      (112.6)     207.9
PLANTRONICS INC   PTM GZ          2,135.1      (112.6)     207.9
PLANTRONICS INC   PTM TH          2,135.1      (112.6)     207.9
PLANTRONICS INC   PTM QT          2,135.1      (112.6)     207.9
PPD INC           PPD US          6,749.1      (506.7)     501.2
QUALTRICS INT-A   XM US           1,434.1        35.3      324.9
QUALTRICS INT-A   5DX0 GR         1,434.1        35.3      324.9
QUALTRICS INT-A   5DX0 GZ         1,434.1        35.3      324.9
QUALTRICS INT-A   5DX0 QT         1,434.1        35.3      324.9
QUALTRICS INT-A   XM1EUR EU       1,434.1        35.3      324.9
QUALTRICS INT-A   5DX0 TH         1,434.1        35.3      324.9
QUANTUM CORP      QMCO US           178.2      (112.9)     (12.6)
QUANTUM CORP      QTM1EUR EU        178.2      (112.9)     (12.6)
QUANTUM CORP      QNT2 GR           178.2      (112.9)     (12.6)
QUANTUM CORP      QNT2 TH           178.2      (112.9)     (12.6)
RADIUS HEALTH IN  RDUS US           192.9      (227.1)     102.8
RADIUS HEALTH IN  1R8 GR            192.9      (227.1)     102.8
RADIUS HEALTH IN  RDUSEUR EZ        192.9      (227.1)     102.8
RADIUS HEALTH IN  1R8 TH            192.9      (227.1)     102.8
RADIUS HEALTH IN  RDUSEUR EU        192.9      (227.1)     102.8
RADIUS HEALTH IN  1R8 QT            192.9      (227.1)     102.8
RAPID7 INC        RPD US          1,240.3       (95.4)     343.6
RAPID7 INC        R7D GR          1,240.3       (95.4)     343.6
RAPID7 INC        R7D SW          1,240.3       (95.4)     343.6
RAPID7 INC        RPDEUR EU       1,240.3       (95.4)     343.6
RAPID7 INC        R7D TH          1,240.3       (95.4)     343.6
RAPID7 INC        RPD* MM         1,240.3       (95.4)     343.6
RAPID7 INC        R7D GZ          1,240.3       (95.4)     343.6
REVLON INC-A      RVL1 GR         2,418.8    (2,020.0)     269.8
REVLON INC-A      REV US          2,418.8    (2,020.0)     269.8
REVLON INC-A      REV* MM         2,418.8    (2,020.0)     269.8
REVLON INC-A      RVL1 TH         2,418.8    (2,020.0)     269.8
REVLON INC-A      REVEUR EU       2,418.8    (2,020.0)     269.8
RIMINI STREET IN  RMNI US           272.1       (77.1)     (66.1)
RIMINI STREET IN  0QH GR            272.1       (77.1)     (66.1)
RIMINI STREET IN  RMNIEUR EU        272.1       (77.1)     (66.1)
RIMINI STREET IN  0QH QT            272.1       (77.1)     (66.1)
ROCKLEY PHOTONIC  RKLY US            93.9        53.3       (2.0)
RR DONNELLEY & S  DLLN TH         3,000.9      (243.8)     502.7
RR DONNELLEY & S  DLLN GR         3,000.9      (243.8)     502.7
RR DONNELLEY & S  RRD US          3,000.9      (243.8)     502.7
RR DONNELLEY & S  RRDEUR EU       3,000.9      (243.8)     502.7
RR DONNELLEY & S  DLLN GZ         3,000.9      (243.8)     502.7
RYMAN HOSPITALIT  4RH GR          3,552.3       (25.8)      (9.9)
RYMAN HOSPITALIT  RHP US          3,552.3       (25.8)      (9.9)
RYMAN HOSPITALIT  4RH TH          3,552.3       (25.8)      (9.9)
RYMAN HOSPITALIT  4RH QT          3,552.3       (25.8)      (9.9)
RYMAN HOSPITALIT  RHPEUR EZ       3,552.3       (25.8)      (9.9)
RYMAN HOSPITALIT  RHPEUR EU       3,552.3       (25.8)      (9.9)
SABRE CORP        SABR US         5,608.4      (159.8)     939.4
SABRE CORP        19S GR          5,608.4      (159.8)     939.4
SABRE CORP        19S TH          5,608.4      (159.8)     939.4
SABRE CORP        19S QT          5,608.4      (159.8)     939.4
SABRE CORP        SABREUR EU      5,608.4      (159.8)     939.4
SABRE CORP        19S GZ          5,608.4      (159.8)     939.4
SBA COMM CORP     SBACEUR EU      9,960.3    (4,824.6)    (143.8)
SBA COMM CORP     4SB QT          9,960.3    (4,824.6)    (143.8)
SBA COMM CORP     4SB GR          9,960.3    (4,824.6)    (143.8)
SBA COMM CORP     SBAC US         9,960.3    (4,824.6)    (143.8)
SBA COMM CORP     SBACEUR EZ      9,960.3    (4,824.6)    (143.8)
SBA COMM CORP     4SB TH          9,960.3    (4,824.6)    (143.8)
SBA COMM CORP     4SB GZ          9,960.3    (4,824.6)    (143.8)
SBA COMM CORP     SBAC* MM        9,960.3    (4,824.6)    (143.8)
SBA COMMUN - BDR  S1BA34 BZ       9,960.3    (4,824.6)    (143.8)
SCIENTIFIC GAMES  TJW TH          7,762.0    (2,370.0)   1,237.0
SCIENTIFIC GAMES  TJW GZ          7,762.0    (2,370.0)   1,237.0
SCIENTIFIC GAMES  SGMS US         7,762.0    (2,370.0)   1,237.0
SCIENTIFIC GAMES  TJW GR          7,762.0    (2,370.0)   1,237.0
SCIENTIFIC GAMES  SGMS1EUR EU     7,762.0    (2,370.0)   1,237.0
SCIENTIFIC GAMES  SGMS1EUR EZ     7,762.0    (2,370.0)   1,237.0
SCIENTIFIC GAMES  TJW QT          7,762.0    (2,370.0)   1,237.0
SEAWORLD ENTERTA  SEASEUR EU      2,786.7       (21.3)     243.7
SEAWORLD ENTERTA  SEAS US         2,786.7       (21.3)     243.7
SEAWORLD ENTERTA  W2L GR          2,786.7       (21.3)     243.7
SEAWORLD ENTERTA  W2L TH          2,786.7       (21.3)     243.7
SELECTA BIOSCIEN  SELB US           180.5        (4.2)      79.5
SELECTA BIOSCIEN  1S7 GR            180.5        (4.2)      79.5
SELECTA BIOSCIEN  SELBEUR EU        180.5        (4.2)      79.5
SELECTA BIOSCIEN  1S7 TH            180.5        (4.2)      79.5
SELECTA BIOSCIEN  1S7 GZ            180.5        (4.2)      79.5
SENSEONICS HLDGS  SENS US           235.1      (312.6)     159.2
SHARECARE INC     SHCR US           437.2        86.8       16.3
SHELL MIDSTREAM   SHLX US         2,327.0      (467.0)     352.0
SHOALS TECHNOL-A  SHLS US           273.7       (34.7)      64.3
SIENTRA INC       SIEN US           190.5       (30.9)      79.5
SIENTRA INC       S0Z GR            190.5       (30.9)      79.5
SIENTRA INC       SIEN3EUR EU       190.5       (30.9)      79.5
SINCLAIR BROAD-A  SBGI US        12,780.0    (1,362.0)   1,621.0
SINCLAIR BROAD-A  SBTA GR        12,780.0    (1,362.0)   1,621.0
SINCLAIR BROAD-A  SBGIEUR EZ     12,780.0    (1,362.0)   1,621.0
SINCLAIR BROAD-A  SBGIEUR EU     12,780.0    (1,362.0)   1,621.0
SINCLAIR BROAD-A  SBTA GZ        12,780.0    (1,362.0)   1,621.0
SINCLAIR BROAD-A  SBTA TH        12,780.0    (1,362.0)   1,621.0
SINCLAIR BROAD-A  SBTA QT        12,780.0    (1,362.0)   1,621.0
SIRIUS XM HO-BDR  SRXM34 BZ      11,201.0    (2,515.0)  (1,808.0)
SIRIUS XM HOLDIN  RDO GR         11,201.0    (2,515.0)  (1,808.0)
SIRIUS XM HOLDIN  RDO TH         11,201.0    (2,515.0)  (1,808.0)
SIRIUS XM HOLDIN  RDO QT         11,201.0    (2,515.0)  (1,808.0)
SIRIUS XM HOLDIN  SIRIEUR EZ     11,201.0    (2,515.0)  (1,808.0)
SIRIUS XM HOLDIN  SIRIEUR EU     11,201.0    (2,515.0)  (1,808.0)
SIRIUS XM HOLDIN  RDO GZ         11,201.0    (2,515.0)  (1,808.0)
SIRIUS XM HOLDIN  SIRI AV        11,201.0    (2,515.0)  (1,808.0)
SIRIUS XM HOLDIN  SIRI US        11,201.0    (2,515.0)  (1,808.0)
SIX FLAGS ENTERT  6FE GR          2,928.4      (617.2)    (115.4)
SIX FLAGS ENTERT  SIX US          2,928.4      (617.2)    (115.4)
SIX FLAGS ENTERT  6FE QT          2,928.4      (617.2)    (115.4)
SIX FLAGS ENTERT  6FE TH          2,928.4      (617.2)    (115.4)
SIX FLAGS ENTERT  SIXEUR EU       2,928.4      (617.2)    (115.4)
SKYWATER TECHNOL  SKYT US           318.8        95.5       63.8
SLEEP NUMBER COR  SNBR US           854.5      (403.7)    (659.1)
SLEEP NUMBER COR  SL2 GR            854.5      (403.7)    (659.1)
SLEEP NUMBER COR  SNBREUR EU        854.5      (403.7)    (659.1)
SLEEP NUMBER COR  SL2 TH            854.5      (403.7)    (659.1)
SLEEP NUMBER COR  SL2 QT            854.5      (403.7)    (659.1)
SLEEP NUMBER COR  SL2 GZ            854.5      (403.7)    (659.1)
SOFTCHOICE CORP   SFTC CN           558.3        49.7      (64.1)
SOFTCHOICE CORP   90Q GR            558.3        49.7      (64.1)
SOFTCHOICE CORP   SFTCEUR EU        558.3        49.7      (64.1)
SOFTCHOICE CORP   90Q GZ            558.3        49.7      (64.1)
SOUTHWESTRN ENGY  SW5 TH          5,394.0       (18.0)  (1,351.0)
SOUTHWESTRN ENGY  SW5 GR          5,394.0       (18.0)  (1,351.0)
SOUTHWESTRN ENGY  SWN US          5,394.0       (18.0)  (1,351.0)
SOUTHWESTRN ENGY  SW5 QT          5,394.0       (18.0)  (1,351.0)
SOUTHWESTRN ENGY  SWN1EUR EU      5,394.0       (18.0)  (1,351.0)
SOUTHWESTRN ENGY  SWN1EUR EZ      5,394.0       (18.0)  (1,351.0)
SOUTHWESTRN ENGY  SW5 GZ          5,394.0       (18.0)  (1,351.0)
SOUTHWESTRN ENGY  SWN-RM RM       5,394.0       (18.0)  (1,351.0)
SQUARESPACE -BDR  S2QS34 BZ         867.2       (38.2)     (77.3)
SQUARESPACE IN-A  SQSP US           867.2       (38.2)     (77.3)
SQUARESPACE IN-A  8DT GR            867.2       (38.2)     (77.3)
SQUARESPACE IN-A  8DT GZ            867.2       (38.2)     (77.3)
SQUARESPACE IN-A  SQSPEUR EU        867.2       (38.2)     (77.3)
SQUARESPACE IN-A  8DT TH            867.2       (38.2)     (77.3)
SQUARESPACE IN-A  8DT QT            867.2       (38.2)     (77.3)
STAGWELL INC      STGW US         1,587.2      (383.1)    (137.2)
STAGWELL INC      STGWEUR EU      1,587.2      (383.1)    (137.2)
STAGWELL INC      6IY GR          1,587.2      (383.1)    (137.2)
STARBUCKS CORP    SRB GR         29,476.8    (6,794.3)     131.9
STARBUCKS CORP    SRB TH         29,476.8    (6,794.3)     131.9
STARBUCKS CORP    SBUX* MM       29,476.8    (6,794.3)     131.9
STARBUCKS CORP    SBUX SW        29,476.8    (6,794.3)     131.9
STARBUCKS CORP    SRB QT         29,476.8    (6,794.3)     131.9
STARBUCKS CORP    SBUX US        29,476.8    (6,794.3)     131.9
STARBUCKS CORP    USSBUX KZ      29,476.8    (6,794.3)     131.9
STARBUCKS CORP    SBUXEUR EZ     29,476.8    (6,794.3)     131.9
STARBUCKS CORP    0QZH LI        29,476.8    (6,794.3)     131.9
STARBUCKS CORP    SBUX CI        29,476.8    (6,794.3)     131.9
STARBUCKS CORP    SRB GZ         29,476.8    (6,794.3)     131.9
STARBUCKS CORP    SBUX AV        29,476.8    (6,794.3)     131.9
STARBUCKS CORP    SBUX TE        29,476.8    (6,794.3)     131.9
STARBUCKS CORP    SBUXEUR EU     29,476.8    (6,794.3)     131.9
STARBUCKS CORP    SBUX IM        29,476.8    (6,794.3)     131.9
STARBUCKS CORP    SBUXUSD SW     29,476.8    (6,794.3)     131.9
STARBUCKS CORP    SBUX-RM RM     29,476.8    (6,794.3)     131.9
STARBUCKS CORP    SBUXCL CI      29,476.8    (6,794.3)     131.9
STARBUCKS-BDR     SBUB34 BZ      29,476.8    (6,794.3)     131.9
STARBUCKS-CEDEAR  SBUX AR        29,476.8    (6,794.3)     131.9
STARBUCKS-CEDEAR  SBUXD AR       29,476.8    (6,794.3)     131.9
SWITCHBACK II CO  SWBK/U US         317.3       287.3        0.5
SWITCHBACK II-A   SWBK US           317.3       287.3        0.5
TASTEMAKER ACQ-A  TMKR US           279.7       252.5        0.8
TASTEMAKER ACQUI  TMKRU US          279.7       252.5        0.8
THUNDER BRIDGE C  TBCPU US          415.0       389.1      (10.4)
THUNDER BRIDGE C  THCPU US            0.4        (0.0)      (0.4)
THUNDER BRIDGE-A  TBCP US           415.0       389.1      (10.4)
THUNDER BRIDGE-A  THCP US             0.4        (0.0)      (0.4)
TORRID HOLDINGS   CURV US           662.5      (157.6)      30.6
TPB ACQUISITIN I  TPBAU US            0.8        (0.0)      (0.7)
TRANSAT A.T.      TRZ CN          1,928.5      (191.2)     150.9
TRANSDIGM - BDR   T1DG34 BZ      19,089.0    (3,132.0)   5,087.0
TRANSDIGM GROUP   TDG US         19,089.0    (3,132.0)   5,087.0
TRANSDIGM GROUP   T7D GR         19,089.0    (3,132.0)   5,087.0
TRANSDIGM GROUP   TDG* MM        19,089.0    (3,132.0)   5,087.0
TRANSDIGM GROUP   TDGEUR EZ      19,089.0    (3,132.0)   5,087.0
TRANSDIGM GROUP   T7D TH         19,089.0    (3,132.0)   5,087.0
TRANSDIGM GROUP   T7D QT         19,089.0    (3,132.0)   5,087.0
TRANSDIGM GROUP   TDGEUR EU      19,089.0    (3,132.0)   5,087.0
TRANSPHORM INC    TGAN US            14.0       (31.0)      (6.1)
TRAVEL + LEISURE  WD5A GR         6,639.0      (918.0)     653.0
TRAVEL + LEISURE  TNL US          6,639.0      (918.0)     653.0
TRAVEL + LEISURE  WD5A TH         6,639.0      (918.0)     653.0
TRAVEL + LEISURE  WD5A QT         6,639.0      (918.0)     653.0
TRAVEL + LEISURE  WYNEUR EU       6,639.0      (918.0)     653.0
TRAVEL + LEISURE  0M1K LI         6,639.0      (918.0)     653.0
TRAVEL + LEISURE  WD5A GZ         6,639.0      (918.0)     653.0
TRISTAR ACQUISIT  TRIS/U US           0.6        (0.1)      (0.6)
TRIUMPH GROUP     TG7 GR          1,883.5      (826.2)     444.5
TRIUMPH GROUP     TGI US          1,883.5      (826.2)     444.5
TRIUMPH GROUP     TG7 TH          1,883.5      (826.2)     444.5
TRIUMPH GROUP     TGIEUR EU       1,883.5      (826.2)     444.5
TRIUMPH GROUP     TG7 GZ          1,883.5      (826.2)     444.5
TUPPERWARE BRAND  TUP GR          1,194.4      (112.8)    (341.6)
TUPPERWARE BRAND  TUP US          1,194.4      (112.8)    (341.6)
TUPPERWARE BRAND  TUP QT          1,194.4      (112.8)    (341.6)
TUPPERWARE BRAND  TUP SW          1,194.4      (112.8)    (341.6)
TUPPERWARE BRAND  TUP1EUR EZ      1,194.4      (112.8)    (341.6)
TUPPERWARE BRAND  TUP GZ          1,194.4      (112.8)    (341.6)
TUPPERWARE BRAND  TUP TH          1,194.4      (112.8)    (341.6)
TUPPERWARE BRAND  TUP1EUR EU      1,194.4      (112.8)    (341.6)
UNISYS CORP       USY1 GR         2,376.3      (263.8)     467.3
UNISYS CORP       USY1 TH         2,376.3      (263.8)     467.3
UNISYS CORP       UIS US          2,376.3      (263.8)     467.3
UNISYS CORP       UIS1 SW         2,376.3      (263.8)     467.3
UNISYS CORP       UISEUR EU       2,376.3      (263.8)     467.3
UNISYS CORP       UISCHF EU       2,376.3      (263.8)     467.3
UNISYS CORP       UISEUR EZ       2,376.3      (263.8)     467.3
UNISYS CORP       UISCHF EZ       2,376.3      (263.8)     467.3
UNISYS CORP       USY1 GZ         2,376.3      (263.8)     467.3
UNISYS CORP       USY1 QT         2,376.3      (263.8)     467.3
UNITI GROUP INC   UNIT US         4,745.4    (2,133.4)       -
UNITI GROUP INC   8XC GR          4,745.4    (2,133.4)       -
UNITI GROUP INC   8XC TH          4,745.4    (2,133.4)       -
UNITI GROUP INC   8XC GZ          4,745.4    (2,133.4)       -
VECTOR GROUP LTD  VGR US          1,496.4      (592.0)     472.2
VECTOR GROUP LTD  VGR GR          1,496.4      (592.0)     472.2
VECTOR GROUP LTD  VGR QT          1,496.4      (592.0)     472.2
VECTOR GROUP LTD  VGREUR EZ       1,496.4      (592.0)     472.2
VECTOR GROUP LTD  VGR TH          1,496.4      (592.0)     472.2
VECTOR GROUP LTD  VGREUR EU       1,496.4      (592.0)     472.2
VECTOR GROUP LTD  VGR GZ          1,496.4      (592.0)     472.2
VERA THERAPEUTIC  VERA US            97.6        92.2       92.1
VERISIGN INC      VRS TH          1,741.4    (1,417.8)     190.7
VERISIGN INC      VRSN US         1,741.4    (1,417.8)     190.7
VERISIGN INC      VRS GR          1,741.4    (1,417.8)     190.7
VERISIGN INC      VRS QT          1,741.4    (1,417.8)     190.7
VERISIGN INC      VRSNEUR EZ      1,741.4    (1,417.8)     190.7
VERISIGN INC      VRSNEUR EU      1,741.4    (1,417.8)     190.7
VERISIGN INC      VRS GZ          1,741.4    (1,417.8)     190.7
VERISIGN INC      VRSN* MM        1,741.4    (1,417.8)     190.7
VERISIGN INC-BDR  VRSN34 BZ       1,741.4    (1,417.8)     190.7
VERISIGN-CEDEAR   VRSN AR         1,741.4    (1,417.8)     190.7
VINCO VENTURES I  BBIG US           121.3       (27.5)      71.8
VIVINT SMART HOM  VVNT US         2,973.8    (1,630.6)    (327.2)
W&T OFFSHORE INC  UWV GR          1,139.0      (259.8)      57.4
W&T OFFSHORE INC  WTI US          1,139.0      (259.8)      57.4
W&T OFFSHORE INC  WTI1EUR EU      1,139.0      (259.8)      57.4
W&T OFFSHORE INC  UWV TH          1,139.0      (259.8)      57.4
W&T OFFSHORE INC  UWV GZ          1,139.0      (259.8)      57.4
WALDENCAST ACQ-A  WALD US           346.3       301.9        1.0
WALDENCAST ACQUI  WALDU US          346.3       301.9        1.0
WARRIOR TECHN-A   WARR US             0.4        (0.0)      (0.4)
WARRIOR TECHNOLO  WARR/U US           0.4        (0.0)      (0.4)
WAYFAIR INC- A    W US            4,681.2    (1,541.9)     908.2
WAYFAIR INC- A    1WF GR          4,681.2    (1,541.9)     908.2
WAYFAIR INC- A    1WF TH          4,681.2    (1,541.9)     908.2
WAYFAIR INC- A    WEUR EU         4,681.2    (1,541.9)     908.2
WAYFAIR INC- A    W* MM           4,681.2    (1,541.9)     908.2
WAYFAIR INC- A    1WF GZ          4,681.2    (1,541.9)     908.2
WAYFAIR INC- A    WEUR EZ         4,681.2    (1,541.9)     908.2
WAYFAIR INC- A    1WF QT          4,681.2    (1,541.9)     908.2
WIDEOPENWEST INC  WOW1EUR EZ      2,487.3      (184.2)    (129.1)
WIDEOPENWEST INC  WOW US          2,487.3      (184.2)    (129.1)
WIDEOPENWEST INC  WU5 GR          2,487.3      (184.2)    (129.1)
WIDEOPENWEST INC  WU5 TH          2,487.3      (184.2)    (129.1)
WIDEOPENWEST INC  WU5 QT          2,487.3      (184.2)    (129.1)
WIDEOPENWEST INC  WOW1EUR EU      2,487.3      (184.2)    (129.1)
WIDEOPENWEST INC  WU5 GZ          2,487.3      (184.2)    (129.1)
WINGSTOP INC      WING US           234.3      (322.2)      33.1
WINGSTOP INC      EWG GR            234.3      (322.2)      33.1
WINGSTOP INC      WING1EUR EU       234.3      (322.2)      33.1
WINGSTOP INC      EWG GZ            234.3      (322.2)      33.1
WINMARK CORP      WINA US            55.0       (12.8)      33.6
WINMARK CORP      GBZ GR             55.0       (12.8)      33.6
WM TECHNOLOGY IN  MAPS US           326.3       (35.7)      83.1
WM TECHNOLOGY IN  833 GR            326.3       (35.7)      83.1
WM TECHNOLOGY IN  SSPKEUR EU        326.3       (35.7)      83.1
WM TECHNOLOGY IN  833 TH            326.3       (35.7)      83.1
WM TECHNOLOGY IN  833 QT            326.3       (35.7)      83.1
WW INTERNATIONAL  WW US           1,435.3      (537.9)      12.7
WW INTERNATIONAL  WW6 GR          1,435.3      (537.9)      12.7
WW INTERNATIONAL  WW6 TH          1,435.3      (537.9)      12.7
WW INTERNATIONAL  WTWEUR EU       1,435.3      (537.9)      12.7
WW INTERNATIONAL  WW6 QT          1,435.3      (537.9)      12.7
WW INTERNATIONAL  WTWEUR EZ       1,435.3      (537.9)      12.7
WW INTERNATIONAL  WW6 GZ          1,435.3      (537.9)      12.7
WW INTERNATIONAL  WTW AV          1,435.3      (537.9)      12.7
WYNN RESORTS LTD  WYR TH         13,022.7      (353.8)     676.8
WYNN RESORTS LTD  WYNN* MM       13,022.7      (353.8)     676.8
WYNN RESORTS LTD  WYNN US        13,022.7      (353.8)     676.8
WYNN RESORTS LTD  WYR GR         13,022.7      (353.8)     676.8
WYNN RESORTS LTD  WYR QT         13,022.7      (353.8)     676.8
WYNN RESORTS LTD  WYNNEUR EZ     13,022.7      (353.8)     676.8
WYNN RESORTS LTD  WYNNEUR EU     13,022.7      (353.8)     676.8
WYNN RESORTS LTD  WYR GZ         13,022.7      (353.8)     676.8
WYNN RESORTS LTD  WYNN-RM RM     13,022.7      (353.8)     676.8
WYNN RESORTS-BDR  W1YN34 BZ      13,022.7      (353.8)     676.8
YELLOW CORP       YEL GR          2,491.2      (286.4)     303.9
YELLOW CORP       YELL US         2,491.2      (286.4)     303.9
YELLOW CORP       YEL1 TH         2,491.2      (286.4)     303.9
YELLOW CORP       YEL QT          2,491.2      (286.4)     303.9
YELLOW CORP       YRCWEUR EU      2,491.2      (286.4)     303.9
YELLOW CORP       YRCWEUR EZ      2,491.2      (286.4)     303.9
YELLOW CORP       YEL GZ          2,491.2      (286.4)     303.9
YUM! BRANDS -BDR  YUMR34 BZ       5,649.0    (7,893.0)     (44.0)
YUM! BRANDS INC   TGR TH          5,649.0    (7,893.0)     (44.0)
YUM! BRANDS INC   TGR GR          5,649.0    (7,893.0)     (44.0)
YUM! BRANDS INC   YUMEUR EU       5,649.0    (7,893.0)     (44.0)
YUM! BRANDS INC   TGR QT          5,649.0    (7,893.0)     (44.0)
YUM! BRANDS INC   YUM SW          5,649.0    (7,893.0)     (44.0)
YUM! BRANDS INC   YUM US          5,649.0    (7,893.0)     (44.0)
YUM! BRANDS INC   YUM* MM         5,649.0    (7,893.0)     (44.0)
YUM! BRANDS INC   YUMEUR EZ       5,649.0    (7,893.0)     (44.0)
YUM! BRANDS INC   TGR GZ          5,649.0    (7,893.0)     (44.0)
YUM! BRANDS INC   YUM AV          5,649.0    (7,893.0)     (44.0)
YUM! BRANDS INC   TGR TE          5,649.0    (7,893.0)     (44.0)
YUM! BRANDS INC   YUMUSD SW       5,649.0    (7,893.0)     (44.0)
ZETA GLOBAL HO-A  ZETA US           354.5        53.1       97.4



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2021.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

                   *** End of Transmission ***