/raid1/www/Hosts/bankrupt/TCR_Public/211122.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, November 22, 2021, Vol. 25, No. 325

                            Headlines

1604 ISHERWOOD: Case Summary & 2 Unsecured Creditors
415 MARCY: Auction for LLC Interests on Dec. 13
6525 BELCREST: Seeks to Tap Michele Rosenfeld as Special Counsel
893 4TH AVE: Dec. 22 Plan Confirmation Hearing Set
AA VARELA: Unsecured Creditors to Recover 100% over 60 Months

AARNA HOTELS: Taps Johnston Allison & Hord as Special Counsel
ADVANCED TISSUE: Wins Cash Collateral Access Thru Dec 31
AESTHETIC FAMILY: Amends Class 1 Unsecured Claim Pay Details
AMADO AMADO: Unsecureds to Recover 4% in 6 Semi-Annual Payments
ANKURA CONSULTING: Moody's Alters Outlook on B3 CFR to Positive

ANKURA HOLDINGS: S&P Affirms 'B-' ICR on Dividend Recapitalization
APEX TOOL: Moody's Cuts CFR to Caa2 & Alters Outlook to Negative
BAUSCH HEALTH: Moody's Affirms B2 CFR & Alters Outlook to Negative
BOSTON DONUTS: Gets Cash Collateral Access Thru Dec 16
CAMBER ENERGY: Unit to Acquire All Membership Interests of New Rise

CANNABICS PHARMACEUTICALS: Appoints Shaul Yemal as Director
CBAK ENERGY: Starts Operation of Nanjing Lithium Battery Facility
CHARIOT BUYER: Fitch Rates $2.2 Billion First Lien Loans 'B+'
CITY COMMUNICATIONS: Unsecureds to Get Share of Income for 3 Years
CLEANSPARK INC: Secures More Bitcoin Mining Machines

CLEARDAY INC: Enters Into JV Agreement With Invento
COCRYSTAL PHARMA: Falls Short of Nasdaq's Bid Price Requirement
CORONADO CAPITAL: Dec. 16 Plan & Disclosure Hearing Set
COVANTA HOLDING: Moody's Rates New $300MM Sr. Unsecured Notes 'B1'
CRC BROADCASTING: Taps Michael W. Carmel as Special Counsel

DANE HEATING: Unsecured Creditors to Recover 25% over 36 Months
DON & SON EXCAVATING: Continued Operations to Fund Plan Payments
DUCOMMUN INC: S&P Alters Outlook to Positive, Affirms 'B+' ICR
ES1 LLC: Case Summary & 3 Unsecured Creditors
EVERCOMMERCE SOLUTIONS: Moody's Alters Outlook on B1 CFR to Neg.

EVOQUA WATER: S&P Alters Outlook to Positive, Affirms 'B+' ICR
EXPRESS GRAIN: Taps Law Offices of Craig M. Geno as Counsel
FLOOR-TEX COMMERCIAL: Voluntary Chapter 11 Case Summary
FORD MOTOR: S&P Alters Outlook to Positive, Affirms 'BB+' ICR
FORMETAL COMPANY: Amends Landlord Waiver & Access Agreement

FREDERICK LLC: Wins Cash Collateral Access Thru Jan 2022
GENERATE LIFE: Moody's Puts B3 CFR Under Review for Upgrade
GLOBAL ENERGY: Case Summary & 20 Largest Unsecured Creditors
GREEN PHARMACEUTICALS: Fine-Tunes Plan; Plan Confirmation Dec. 21
GREEN VALLEY: December 16 Plan & Disclosure Hearing Set

HILMORE LLC: Jan. 12, 2022 Plan Confirmation Hearing Set
HLH TIMBER: Unsecured Creditors Will Get 3% of Claims in 5 Years
HOUSE OF PRAYER: Case Summary & 6 Unsecured Creditors
INTEGRATED GLOBAL: Reaches Deal on Continued Cash Access
INTERSTATE UNDERGROUND: Wins Dec. 28 Plan Exclusivity Extension

J & GC INC: Creditors to be Paid in Full in Plan
J.F. GRIFFIN: Wins Access to Cash Collateral Thru Feb 4
JEFFERSON COUNTY: Fitch Affirms BB Rating on 3 Sub. Lien Warrants
JSM CONSULTING: Wins Cash Collateral Access Thru Mar 2022
KEYSER AVENUE: Creditors to Get Proceeds From Liquidation

KISSMYASSETS LLC: Wins January 3 Solicitation Period Extension
LEGACY JH762: Voluntary Chapter 11 Case Summary
LEGACY TRADITIONAL: S&P Alters Outlook to Pos., Affirms 'BB+' ICR
LITTLETON MAIN: Wins Cash Collateral Access Thru Mar 2022
MERIDIAN ADHESIVES: $100MM Loan Add-on No Impact on Moody's B2 CFR

METROPOLITAN HOLINESS: Case Summary & 3 Unsecured Creditors
MIDTOWN DEVELOPMENT: Plan Exclusivity Extended Thru Jan. 20
MOBREWZ LLC: Unsecured Creditors Will Get 30% Dividend in 60 Months
MONTEREY MOUNTAIN: Unsecured Claims Under $100 to be Paid in Full
MOTORMAX FINANCIAL: Unsecureds to Get $1K per Month for 36 Months

NABORS INDUSTRIES: Moody's Rates New $700MM Guaranteed Notes 'B3'
NABORS INDUSTRIES: Unit Prices $700M Sr. Priority Guaranteed Notes
NASSAU BREWING: Wants January 12 Plan Exclusivity Extension
NEW YORK INN: Seeks Cash Collateral Access
OLCAN III PROPERTIES: Files Amendment to Disclosure Statement

ORG GC MIDCO: Amends Class 3 Existing Term Loan Claims Pay Details
ORGANIC EVOLUTION: U.S. Trustee Unable to Appoint Committee
PERKY JERKY: Wins Cash Collateral Access Thru Dec 9
POINTE SCHOOLS: S&P Affirms 'B' LT Rating on 2015 Revenue Bonds
POLYMER INSTRUMENTATION: Seeks Approval to Hire Financial Advisor

RED HOOK SOLAR: Taps Lippes Mathias as Special Counsel
RITORI LLC: Restated Liquidating Plan Confirmed by Judge
RIVERBED TECHNOLOGY: Richards, Davis Represent Term Lenders
RIVERBED TECHNOLOGY: Richards, White Represent Term Lenders
RIVERBED TECHNOLOGY: Seeks Cash Collateral Access

SEMORAN PINES: Unsecured Creditors Will Get 100% Dividend in Plan
SRI VARI CRE: Taps Johnston Allison & Hord as Special Counsel
STANTON GLENN: Seeks Approval to Hire MN Blum as Accountant
TREEHOUSE FOODS: Moody's Lowers CFR to B1 & Unsecured Notes to B3
TRI POINTE: S&P Alters Outlook to Positive, Affirms 'BB-' ICR

W. E. MCDONALD: Unsecured Creditors to Recover 100% over 5 Years
WARRIOR MET: Moody's Ups CFR to B1 & Rates $350MM Secured Notes B1
WARRIOR MET: S&P Affirms 'B+' Issuer Credit Rating, Outlook Stable
WB SUPPLY: Combined Plan & Disclosures Confirmed by Judge
WILSON GOMER MD: Taps Robinstar Business as Accountant

XOTICAS LAREDO: Plan to Pay Sale Proceeds, Adversary to Unsecureds
[^] BOND PRICING: For the Week from November 15 to 19, 2021

                            *********

1604 ISHERWOOD: Case Summary & 2 Unsecured Creditors
----------------------------------------------------
Debtor: 1604 Isherwood, LLC
        1604 Isherwood St. NE
        Washington, DC 20002

Business Description: 1604 Isherwood, LLC is a Single Asset Real
                      Estate debtor (as defined in 11 U.S.C.
                      Section 101(51B)).  The Debtor owns an
                      investment property valued at $1.11 million.

Chapter 11 Petition Date: November 19, 2021

Court: United States Bankruptcy Court
       District of Columbia

Case No.: 21-00277

Judge: Hon. Elizabeth L. Gunn

Debtor's Counsel: William C. Johnson, Jr., Esq.
                  THE JOHNSON LAW GROUP, LLC
                  6305 Ivy Lane
                  Suite 630
                  Greenbelt, MD 20770
                  Tel: (301) 477-3450
                  Fax: (301) 477-4813
                  Email: William@JohnsonLG.Law

Total Assets: $1,112,133

Total Liabilities: $550,000

The petition was signed by Zaid Alli as managing member.

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

https://www.pacermonitor.com/view/L64BAUY/1604_Isherwood_LLC__dcbke-21-00277__0001.0.pdf?mcid=tGE4TAMA


415 MARCY: Auction for LLC Interests on Dec. 13
-----------------------------------------------
In accordance with applicable provisions of the Uniform Commercial
Code as enacted in New York, DW Marcy LLC ("secured party") will
sell all of the limited liability company assets held by 415 Marcy
Avenue LLC ("Debtor") in 425 Marcy Avenue LLC ("Pledged Entity") to
the highest and qualified bidder at a public auction to take place
on Dec. 13, 2021 at 2:00 p.m., via Cisco WebEx Platform or
web-based video conferencing and telephonic conferencing program
selected by the secured party.

The collateral will be sold as a block, and will not be divided or

sold in any lesser amounts.   

The sale will be conducted by:

   Mannion Auctions LLC
   Attn: Matthew D. Mannion, auctioneer
   305 Broadway, Suite 200
   New York, New York
   Tel: (212) 267-6698

Interested parties who intend to bid on the collateral must
contact:

   Brock Cannon
   Newmark
   125 Park Avenue
   New York, NY 10017
   Tel: (212) 372-2066
   Email: brock.cannon@nmrk.com


6525 BELCREST: Seeks to Tap Michele Rosenfeld as Special Counsel
----------------------------------------------------------------
6525 Belcrest Road, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of New York to employ The Law Firm
of Michele Rosenfeld, LLC as its special counsel.

The firm will represent the Debtor with respect to (i) land use
issues in connection with its appeals to the Circuit Court of
Prince George's County and to the Court of Special Appeals of
Maryland of the decision of the District Council of Prince George's
County, Maryland concerning detailed site plan applications; and
(ii) in any other land use issues, in an advisory role, that may
arise in the Debtor's bankruptcy case or in other pending
litigation.

Michele Rosenfeld will primarily be responsible for performing the
services requested by the Debtor and bills for her services at the
rate of $495 per hour. Additionally, the firm is requesting a
retainer in the amount of $10,000.

As disclosed in court filings, Rosenfeld neither holds nor
represents interests adverse to the Debtor and its estate.

The firm can be reached through:

     Michele Rosenfeldm Esq.
     The Law Office of Michele Rosenfeld LLC
     1 Research Ct #450
     Rockville, MD 20850
     Phone: +1 301-204-0913
     Email: rosenfeldlaw@mail.com

                     About 6525 Belcrest Road

New York-based 6525 Belcrest Road, LLC owns Metro Center III, a
commercial real property in Hyattsville, Md.

6525 Belcrest Road filed its voluntary petition for Chapter 11
protection (Bankr. S.D.N.Y. Case No. 21-10968) on May 19, 2021,
listing as much as $10 million in both assets and liabilities.
Judge Michael E. Wiles oversees the case.

The Debtor tapped Robinson Brog Leinwand Greene Genovese & Gluck,
PC as its bankruptcy counsel.  Peckar & Abramson, PC and The Law
Office of Michele Rosenfeld, LLC serve as the Debtor's special
counsel.


893 4TH AVE: Dec. 22 Plan Confirmation Hearing Set
--------------------------------------------------
Debtor 893 4th Ave Lofts LLC filed with the U.S. Bankruptcy Court
for the Eastern District of New York a motion for entry of an order
approving the Disclosure Statement and corresponding Amended
Chapter 11 Liquidation Plan filed by the Debtor and secured lender
5 AIF Sycamore 2, LLC.

On Nov. 15, 2021, Judge Jil Mazer-Marino approved the Disclosure
Statement and ordered that:

     * Dec. 15, 2021, is fixed as the last day to submit ballots
accepting or rejecting the Plan in order to be counted with respect
to voting on the Plan.

     * Dec. 15, 2021, is fixed as the last day for any party
seeking to object to confirmation of the Plan to file its objection
to confirmation.

     * Dec. 20, 2021, is fixed as the last day to file any replies
to objections to confirmation of the Plan.

     * Dec. 22, 2021, at 10:30 a.m. is the telephonic hearing on
confirmation of the Plan.

A copy of the order dated Nov. 15, 2021, is available at
https://bit.ly/3nrYlFz from PacerMonitor.com at no charge.

                       About 893 4th Ave Lofts

893 4th Ave Lofts LLC's sole asset is a vacant multi-family
residential property and improvements thereon located at 893 4th
Avenue, Brooklyn, New York.  The Debtor filed a Chapter 11 petition
(Bankr. E.D.N.Y. Case No. 21-41367) on May 24, 2021.

Attorneys for the Debtor:

     Vincent M. Lentini
     Law Offices of Vincent M. Lentini
     1129 Northern Blvd., Suite 404
     Manhasset, New York 11030
     Tel: (516) 228-3214
     E-mail: vincentmlentini@gmail.com

Attorneys for lender 4 AIF Sycamore 2:

     Bruce J. Zabarauskas
     HOLLAND & KNIGHT LLP
     900 Third Avenue
     New York, New York 10022
     Tel: (212) 751-3001
     E-mail: bruce.zabarauskas@hklaw.com


AA VARELA: Unsecured Creditors to Recover 100% over 60 Months
-------------------------------------------------------------
AA Varela Properties, LLC, filed with the U.S. Bankruptcy Court for
the Middle District of Florida a Plan of Reorganization dated
November 18, 2021.

This Plan of Reorganization proposes to reorganize its secured
loans as discussed below and provide for payment on account of
unsecured claims. The Debtor is the proponents of the Plan within
the meaning of Section 1129 of the Bankruptcy Code.

This Plan provides for 1 class of priority claims; 2 classes of
secured claims; and 1 class of general unsecured claims. Class 4
unsecured creditors holding allowed claims will receive
distribution under this Plan via monthly payments for 60 months
from the Effective Date of this Plan. This Plan also provides for
the payment of administrative and priority claims either upon the
effective date of the Plan.

Claims and interest shall be treated as follows under this Plan:

     * Class 1 consists of Priority Claims. Class 1 is unimpaired
by this Plan, and each holder of a Class 1 Priority Claim will be
paid in full, upon the later of the effective date of this Plan, or
the date on which such claim is allowed by a non-final appealable
order, except tax claims that will be paid over 60 months from the
Petition Date at the statutory interest rate.

     * Class 2 consists of the Secured Claim of Lukas Land
Development & Construction, LLC. Class 2 is impaired by this Plan.
Class 2 is secured by the real commercial property of the Debtor
located at 1865 Everlee Road, Jacksonville, FL 32216. The holder of
the Class 2 claim shall retain its lien on the property and will
receive deferred cash payments equal to $50,000.00 over 30 years at
an annual interest rate of 4.32% with monthly payments of $248.02.

     * Class 3 consists of the claim of Sonoma Southside
Condominium. Class 3 is impaired by this Plan. Class 3 is secured
by the real commercial property of the Debtor located at 7740
Southside Blvd #180, Jacksonville, FL 32256. The holder of the
Class 3 claim shall retain its lien on the property and will
receive deferred cash payments equal to $54,216.83 over 10 years at
an annual interest rate of 2% with monthly payments of $498.87.

     * Class 4 consists of General Unsecured Creditors. Class 4 is
impaired by this Plan. The holders of Class 4 will receive payment
of 100% of allowed claims via quarterly payments over 60 months
starting from the Effective Date of this Plan.

Except as otherwise provided in the Plan or in the order confirming
the Plan, (i) The Debtor will retain all property of the estate and
confirmation of the Plan vests all property of the estate in the
Debtor, and (ii) after confirmation of the Plan, the property dealt
with by the Plan shall be free and clear of any and all liens,
claims, and interests of any creditors.

Confirmation of this Plan shall impose an affirmative duty on the
holders and/or the servicers of any claims secured by liens,
mortgages and/or deeds of trust to recalibrate any accounting
system designed to account for distributions made under this Plan
to the value of each claim as provided under this Plan and to apply
the direct post-petition monthly payments paid on account of the
Debtor to the month in which each payment was paid, whether or not
such payments are immediately applied by the creditor to the
outstanding loan balance or are placed into some type of suspense,
forbearance or similar account.

All payments made to any creditors on account of the Debtor after
confirmation of this Plan shall be considered made under this Plan
regardless of whether this case is substantially consummated, a
final decree is entered, and closed.

A full-text copy of the Plan of Reorganization dated Nov. 18, 2021,
is available at https://bit.ly/3oMtiDQ from PacerMonitor.com at no
charge.

Counsel to Plan Proponent:

     Thomas C. Adam, Esq.
     Adam Law Group, P.A.
     326 N. Broad St., Suite 208
     Jacksonville, FL 32202
     Tel: (904) 329-7249
     Fax: (904) 615-6561
     Email: tadam@adamlawgroup.com

                          About AA Varela

AA Varela Properties, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 21-02049) on Aug. 23,
2021, listing as much as $50,000 in both assets and liabilities.
Alvaro Varela, owner, signed the petition.  The Debtor tapped
Thomas Adam of Adam Law Group, P.A. as legal counsel.


AARNA HOTELS: Taps Johnston Allison & Hord as Special Counsel
-------------------------------------------------------------
Aarna Hotels, LLC seeks approval from the U.S. Bankruptcy Court for
the Western District of North Carolina to employ Johnston Allison &
Hord, P.A. as special counsel.

The Debtor needs the firm's legal assistance in connection with the
closing of the sale of its hotel property located at 3928 Memorial
Parkway, Charlotte, N.C.

The firm's hourly rates are as follows:

     Attorneys      $265 to $465 per hour
     Paralegals     $185 to $225 per hour

The firm will also be reimbursed for out-of-pocket expenses
incurred.

Brian Schoeck, Esq.. a partner at Johnston Allison & Hord,
disclosed in a court filing that his firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Brian J. Schoeck, Esq.
     Johnston, Allison & Hord, P.A.
     1065 East Morehead Street
     Charlotte, NC 28204
     Office: (704) 332-1181/(704) 998-2252  
     Fax: (704) 376-1628
     Email: bschoeck@jahlaw.com

                      About Aarna Hotels LLC

Aarna Hotels, LLC is a limited liability company formed in 2017
under the laws of the State of North Carolina. It owns and operates
an Aloft branded hotel located at 3928 Memorial Parkway in
Charlotte, North Carolina.

Aarna Hotels filed a petition for Chapter 11 protection (Bankr.
W.D. N.C. Case No. 21-30249) on April 29, 2021, listing as much as
$50 million in both assets and liabilities.  Anuj N. Mittal,
manager of Aarna Hotels, signed the petition.  

Judge Laura T. Beyer presided over the case before Judge J. Craig
Whitley took over.

Richard S. Wright, Esq., at Moon Wright & Houston, PLLC, is the
Debtor's legal counsel.


ADVANCED TISSUE: Wins Cash Collateral Access Thru Dec 31
--------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Arkansas has
authorized Advanced Tissue, LLC to use cash collateral subject to
the interest of Bell Bank on an interim basis in accordance with
the budget.

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

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
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; and

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

In addition, Michael Cole will be designated as the Debtor's
authorized representative for all purposes under Bankruptcy Rule
9001(5)(A).  In addition, any and all cash collateral currently
held by Bell in deposit accounts (either in Bell's actual
possession or for its benefit under a control agreement) will be
applied to the Obligations under the Loan Documents.  The Debtor
will also comply 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. December 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 and the Debtor's nine-week budget
through January 2, 2022 is available for free at
https://bit.ly/3oFU6Wh from PacerMonitor.com.

The Debtor projects $230,000 in total cash collections and $69,000
in total expenses.

                    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.



AESTHETIC FAMILY: Amends Class 1 Unsecured Claim Pay Details
------------------------------------------------------------
Aesthetic Family Dentistry, LLC, submitted a Second Amended Plan of
Reorganization dated November 16, 2021.

This Plan of Reorganization proposes to pay creditors of AFD from
cash on hand, cash flow from operations and asset sales, and future
income. This Plan provides for seven classes of secured claims one
class of priority claims, and three of unsecured claims. Unsecured
creditors holding allowed claims will receive distributions, which
the proponent of this Plan has valued at 80 to 100 cents on the
dollar, provided that AFD's projections are accurate and provided
that the additional claims filed by NIM and its affiliates are not
allowed.

This Plan also provides for the payment of administrative claims on
the Effective Date, or following approval by the Bankruptcy Court,
or in accordance with specific agreements between the Debtor and
the holder of the claim, and for payment of non-voting priority
claims in accordance with the requirements of the Bankruptcy Code.
In addition, this plan provides for the assumption or rejection of
specific executory contracts not previously assumed or rejected
during this Chapter 11 case.

Class 1 consists of Unsecured Claims not in any other Class. Class
1 unsecured claims may elect Option (a) or Option (b). Creditors
who make no election will be treated under Option (b).

     * Class 1 unsecured claims electing Option (a) will be treated
as though they had claims in Class 2, and will receive a single
lump sum payment of $5,000, which shall be paid on the Effective
Date of the Plan. Debtor estimates about $30,000 will be needed for
these payments.

     * Class 1 unsecured claims electing Option (b) will receive
annual payments. On December 31, 2021 and on each succeeding
December 31, the Debtor shall make an additional distribution to
the holders of Allowed Claims in Class 1. This distribution shall
be the difference (if positive) between the Debtor's cash on hand
and the total of (a) $100,000, (b) any payments remaining due to
administrative creditors and creditors with claims in Classes 4
through 11 for the current or prior years, (c) the estimated amount
needed to pay compensation to the Debtor's sole member including
distributions to the Debtor's sole member to pay income tax
liabilities attributed to the Debtor's income for the current year,
and (d) all accounts payable then owed by the Debtor. However, if
on December 31, 2021 there are any outstanding Class 1 Claims which
have not been finally Allowed or Disallowed, then all funds
designated for distribution on Class 1 claims shall be held in a
separate account and not distributed until all Class 1 claims have
been finally allowed or disallowed.

     * Payments shall be made until all Class 1 claimholders have
received cash equal to 100% of their allowed claims, including
interest at the federal judgment rate, adjusted each January 1 for
the following year, accruing from the Effective Date of the Plan,
or until the payment due December 31, 2026, whichever first occurs.
Debtor estimates $600,000 will be needed to pay the undisputed
Class 1 claims. If the arbitration award in favor of NIM, Inc. is
treated as an Allowed Class I Claim, then Class I claims will total
$1,414,623. If any of the other claims filed by NIM, Nick, Erin or
RPS are allowed as Class 1 claims, the total Class 1 claims will be
larger, but the Debtor cannot predict the total amount which may be
owed.

Class 9 The allowed unsecured claim of First National Bank Alaska
under the Debtor's "PPP" loan. On the Effective date of the Plan
the Debtor shall cure any outstanding default on the obligation
owed to this creditor other than any default caused by the filing
of this bankruptcy case, and the legal, equitable and contractual
rights to which the claim entitles the holder of this claim shall
not be altered. Debtor has applied for forgiveness of this loan and
anticipates that the loan will be forgiven.

The Debtor will continue in the business of owning and managing its
dental practice in substantially the same manner as it was
conducted prior to the filing of this case.

The Debtor shall be managed by its owner Scott Methven, DMD. Dr.
Methven shall be entitled to monthly compensation calculated at 35%
of the amounts collected during that month from patients treated by
him or their insurers, but not more than $25,000 per month plus
quarterly distributions equal to 23% of Scott Methven's estimated
annual federal income taxes for the current year on income
attributable to the Debtor. The compensation ceiling shall be
increased to $30,000 per month, plus estimated taxes, for the years
2023-2024 and to $35,000 per month, plus estimated taxes, for the
years 2025 and 2026.

A full-text copy of the Second Amended Plan of Reorganization dated
Nov. 16, 2021, is available at https://bit.ly/3Hxcwku from
PacerMonitor.com at no charge.

Attorney for Debtor:

     David H. Bundy
     DAVID H. BUNDY, P.C.
     721 Depot Drive
     Anchorage, AK 99501
     Tel: (907) 248-8431

                 About Aesthetic Family Dentistry

Aesthetic Family Dentistry, LLC -- http://www.akdental.com/--
which operates a dental clinic specializing in cosmetic dentistry,
general dentistry, invisalign, and emergency dentistry, filed a
Chapter 11 petition (Bankr. D. Alaska Case No. 21-00083) on April
25, 2021.

As of the petition date, the Debtor had estimated assets between $1
million and $10 million and liabilities within the same range.  The
petition was signed by Scott Allen Methven, managing member.  Judge
Gary Spraker oversees the case.  David H. Bundy, P.C., is the
Debtor's legal counsel.


AMADO AMADO: Unsecureds to Recover 4% in 6 Semi-Annual Payments
---------------------------------------------------------------
Amado Amado Salon & Body Corp. filed with the U.S. Bankruptcy Court
for the District of Puerto Rico a Disclosure Statement describing
Plan of Reorganization dated Nov. 19, 2021.

The Debtor has a full service hair-salon and spa located at Plaza
Las Americas Shopping Center, 2nd Level Number 525, San Juan,
Puerto Rico, since May 4, 2005.

The Plan will treat claims as follows:

     * Class 1 consists of the claim of the Internal Revenue
Service ("IRS").  IRS filed claim number 11 secured in the amount
of $20,776, priority in the amount of $42,509, and unsecured in the
amount of $65,441.  IRS' secured portion of claim number 11 plus 4%
annual interest will be paid in 55 monthly installments of $414
each beginning January 15, 2022.

     * Class 2 consists of the claim of Condado 3, LLC.  Condado
has filed Claims Number 4 and 5 secured in the amount of $75,703.92
and $1,223.66, respectively. Treatment for these claims shall be
according to the Stipulation filed by the Debtor and this Creditor
on Sept. 23, 2021. According to the Stipulation the parties agreed
that these claims are secure for the amount of $42,000, and
unsecured in the amount of $34,988.  Secured portion, plus 4.25%
interest will be paid in 58 monthly installments of $802.33
beginning October 1, 2021.

     * Class 3 consists of the claim of Plaza Las Americas, Inc.
("PLA").  The Debtor assumes the Lease with PLA as per the
stipulation filed by the parties on November 10, 2021, according to
all terms and conditions set forth in the Lease, the Second
Amendment, Rent Relief and Payment Plan Agreement ("the
Agreement"), and the Stipulation.

     * Class 4 consists of the claim of Small Business
Administration ("SBA").  SBA granted the Debtor a loan for the
amount of $150,000 guaranteed by property of the Estate.  The
Debtor is in full compliance with the terms and conditions of this
loan.

     * Class 5 consists of General Unsecured Creditors. General
unsecured creditors were listed by Debtor and/or filed proof of
claims total the amount of $1,482,284.  Creditors in this class
shall receive a total repayment of 4% of their claim in 6
semi-annual payments.  The first payment is due on May 30, 2022,
and the second payment is due on Nov. 30, 2022. This Class is
impaired.

     * Class 6 consists of equity holder of the Debtor. The only
equity holder of the Debtor and President is Amado Navarro
Elizalde. He has a yearly salary of $114,400. He has no other
income or benefit from the Debtor. Equity holder has not voting
rights. Any amount receive by Mr. Navarro from the sale of his
interest in the businesses will be used to fund the Plan.

The funds to make payments due under this Plan will bee obtained
from Debtor's business. Additional work stations will be added to
the Salon beginning September, 2022. A second SBA loan will be
submitted to increase loan amount to $500,000. Loan proceeds will
result in additional equipment and services to increase income.

Lump sum to pay off the Department of Treasury will be obtained
from private lenders. On the effective date of the Plan, the
distribution, administration, management of Debtor's affairs,
collection of money, sale of property and distribution to creditors
will be under the control of the Debtor.

A full-text copy of the Disclosure Statement dated Nov. 19, 2021,
is available at https://bit.ly/3cBlmzE from PacerMonitor.com at no
charge.

Attorney for Debtor:

     Gloria M. Justiniano Irizarry
     USDC-PR-207603
     Ensanche Martinez
     8 Ramirez Silva St.
     Mayaguez, PR 00680
     Tel: (787)222-9272 Fax 787-805-7350
     Email: justinianolaw@gmail.com

                     About Amado Amado Salon

San Juan, P.R.-based Amado Amado Salon & Body Corp. sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R.
Case No. 21-02630) on Aug. 31, 2021, disclosing up to $500,000 in
assets and up to $10 million in liabilities. Amado Navarro
Elizalde, president of Amado Amado Salon, signed the petition.

Gloria Justiniano Irizarry, Esq., an attorney practicing in
Mayaguez, P.R., and Kreston PR, LLC, serve as the Debtor's
bankruptcy counsel and accountant, respectively.


ANKURA CONSULTING: Moody's Alters Outlook on B3 CFR to Positive
---------------------------------------------------------------
Moody's Investors Service affirmed Ankura Consulting Group, LLC B3
corporate family rating and B3-PD probability of default rating
ratings. Moody's also upgraded the instrument ratings of the first
lien senior secured credit facilities to B1 (from B2), which
include a $465 million term loan and a $70 million revolving
facility. The Caa2 instrument rating of the $175 million second
lien senior secured term loan was affirmed. The rating outlook was
changed to positive.

These ratings actions follow the issuance of $250 million in
preferred equity and $125 million in junior convertible preferred
equity, proceeds of which will be used to fund a distribution to
equity holders. The upgrade to the first lien senior secured credit
facilities reflects the proportion of 1st lien debt to total debt
in the capital structure. The change in the outlook to positive is
driven by expectations for continued earnings growth, strong
margins, a higher revenue base, and international diversification.
The outlook also assumes reduction in debt to EBITDA over the
outlook period. The outlook reflects good liquidity supported by
Moody's expectation that the preferred equity will be paid in kind;
Moody's outlook does not assume the company will use the cash pay
option. Governance was a consideration in the ratings actions --
Moody's believes the sponsor ownership increases the risk of
aggressive financial policies that includes debt funded
distributions or M&A.

The following ratings/assessments are affected by the action:

Ratings Upgraded:

Issuer: Ankura Consulting Group, LLC

Senior Secured 1st Lien Bank Credit Facilities, Upgraded to B1
(LGD3) from B2 (LGD3)

Ratings Affirmed:

Issuer: Ankura Consulting Group, LLC

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

Senior Secured 2nd Lien Bank Credit Facility, Affirmed Caa2
(LGD5)

Outlook Actions:

Issuer: Ankura Consulting Group, LLC

Outlook, Remains Stable

RATINGS RATIONALE

The B3 CFR reflects Ankura's: 1) established market position within
the US across its client base and track record in creating revenue
growth; 2) diversified and highly specialized business practices
that are well positioned for growth; 3) cash generative model and
ability to delever; 4) relatively stable EBITDA margin through the
cycle supported by a balanced business profile that includes a mix
of cyclical, non-cyclical and counter-cyclical businesses. Moody's
expects that Ankura will delever to 4.9x by year-end 2022, driven
by these factors.

The ratings also reflects the company's: 1) small scale when
compared to consulting company peers, 2) high leverage and low free
cash flow to debt of below 5% expected for the next 12-18 months;
3) reliance on attraction and retention of key staff; and 4) lack
of recurring revenue with reliance on winning repeat business with
new and existing customers, exacerbating the company's exposure to
cyclicality. In addition, the ratings take into account private
equity ownership that could lead to aggressive financial policies
and additional complexity of introducing several equity structures
and new equity holders.

The positive outlook reflects the expectation that Ankura will
maintain its market position, will continue to achieve earnings
growth with strong margins, that the company will be successful in
cross selling across lines of business and that the strategic
initiatives will result in a higher revenue base and international
diversification. Moody's expects that with continued deleveraging
Ankura will be able to achieve credit metrics that are typical for
a B2 rating by the end of 2022. In addition, the use of equity
rather than debt to fund a distribution indicates a more
conservative financial policy that supports the positive outlook.
The positive outlook assumes that distributions may be made from
time to time to retain senior talent as part of compensation.
Importantly, the outlook incorporates the expectation that
dividends under the preferred equity will be paid under the
payment-in-kind option and that it will not be paid in cash over
the projection period.

Moody's expects revenue growth and operating leverage to continue
to drive increasing EBITDA and profitability, leading to cash
generation and drive de-leveraging. Revenue is based on fees from
advisory projects with limited duration and scope, but the company
has deep relationships across its customer base that enable
cross-selling of new projects and a growing revenue base. Ankura's
business profile is well diversified with little customer
concentration. Organic revenue growth has been in the high single
digit area and Moody's expects the company will be able to drive
overall revenue growth in the mid-teens area over the next 12
months. Several of the strategic initiatives that the company has
undertaken aim to increase the international presence of the
company and deepen expertise in various practice areas. Given the
balance between cyclical, counter-cyclical and non-cyclical
business Moody's expects that the company will be able to generate
revenue growth through economic cycles.

Under Moody's ESG framework the company has some governance risk.
The company's ratings factor in its private ownership, its
financial policy, which is tolerant of high leverage, and its track
record of combining organic growth with acquisitions that
contribute market share or significant expertise in certain areas.
As a mitigant to this risk the company has good track record of
integration and completion of acquisitions.

Liquidity is good, supported by the $70 million revolving credit
facility which is expected to be undrawn, and $67.1 million of cash
on the balance sheet pro forma for the transaction (after accrued
bonus). Cash flow from operations is expected to be in the $39
million area for 2021 and $62 million for 2022. Free cash flow is
expected to improve and be generative over the next 12-18 months,
driven by EBITDA growth and assuming no additional distributions or
acquisitions. There is seasonality associated with the payment of
variable compensation in the first quarter of the year, which could
cause the company to rely on the revolver temporarily. Moody's
assumes no large debt funded acquisitions in the projection period.
However, Moody's expects that the company will execute bolt-on
acquisitions that would be funded primarily with cash. Ankura will
have healthy cash balances that can be used for such acquisitions.

Using Moody's Loss Given Default (LGD) methodology, the PDR of
B3-PDR is in line with the B3 CFR based on a 50% recovery rate. The
1st Lien TLB and RCF are rated B1, two notches higher than the CFR,
reflecting the first-lien position in the capital structure. The
2nd Lien TLB is rated Caa2 and this rating reflects its junior
position in the capital structure and first loss feature.

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

The ratings could be upgraded if (all metrics Moody's adjusted) 1)
Ankura demonstrates stable growth, margins and free cash flow
generation capacity over time; 2) the company is able to complete
and integrate acquisitions that leads to a more diversified
business practice offering and results in winning new engagements;
3) debt/EBITDA decreases toward 5.5x and free cash flow to debt
approaches 5%; and 4) the company maintains good liquidity and
exhibits prudent financial policies.

The ratings could be downgraded if (all metrics Moody's adjusted)
1) revenue or profitability are lower than anticipated, or
financial policies become more aggressive, leading to the
expectation for debt/EBITDA sustained above 7.5x or free cash flow
to debt stays at break-even; 2) the company is not able to win new
engagements or loses clients to competitors leading to impairment
in reputation or if the company loses a significant number of
senior consultants; or 3) liquidity deteriorates.

Ankura Consulting Group, LLC is a global provider of a broad range
of consulting services in the areas of: disputes and economics,
data and technology, risk, forensics and compliance, turnaround and
restructuring, strategy and performance and in transactions and
operations advisory. The company has over 1,500 employees that
includes over 400 consultants at the senior level. The company is
majority owned by Madison Dearborn Partners with a minority equity
stake owned by employees. Pursuant to the equity transaction HPS
Investment Partners ("HPS") will also own a portion of the equity.
Ankura generated revenue of approximately $600 million for the LTM
ended September 2021.

The principal methodology used in these ratings was Business and
Consumer Services published in November 2021.


ANKURA HOLDINGS: S&P Affirms 'B-' ICR on Dividend Recapitalization
------------------------------------------------------------------
S&P Global Ratings affirmed its ratings on Ankura Holdings L.P.,
including the 'B-' issuer credit rating.

S&P said, "Our stable outlook reflects our expectation that Ankura
will generate positive organic revenue growth and improve its
profitability and cash flow generation over the next 12 months due
to cost efficiencies and acquisition integration. Although adjusted
leverage including preferred shares will remain high at above 10x
(about 9x without the preferred shares), we expect Ankura to
generate $15 million-$30 million of reported FOCF in 2022.

"Our ratings affirmation reflects our expectations for Ankura's
positive free cash flow generation despite elevated leverage from
proposed transaction reflecting an aggressive financial policy. We
expect S&P Global Ratings' adjusted leverage in 2021 to increase to
about 14x from our previous expectations of 9x, primarily due to
our treatment of the proposed preferred equity instruments as debt.
We believe the substantial amounts of debt and the associated
growing paid-in-kind (PIK) interest will limit the company's
financial flexibility in the long term. We expect the company's
aggressive financial policy of its sponsor, Madison Dearborn
Partners, to keep leverage high as demonstrated by the proposed
dividend recapitalization transaction and recent debt-funded
acquisitions.

"However, the company's pro forma cash balance and revolving credit
facility availability provide adequate liquidity over the next 12
months. In addition, we note that consulting businesses benefit
from favorable free cash flow conversion dynamics due to low
capital expenditure needs compared with other industries. As such,
we expect adjusted FOCF to debt to remain modestly positive in
2%-4% range over the next two years.

"We expect the company to benefit from the strategic initiatives
and secular growth of the business consulting services sector. We
expect that Ankura will continue expanding its platform of niche
business consulting services in line with the greater consulting
industry. For example, Ankura's strategic initiatives, like
significant investments in its Data & Technology (D&T) business and
key hires in Germany to expand its presence in continental Europe,
will increase revenue growth in the midteen percentage area in 2022
compared to our prior forecast. We believe the industry is
benefiting from the greater need for consulting services because of
increased litigation, disputes, and cybercity and data privacy
concerns. Often these factors lead to favorable bill rates for
consulting services and more comprehensive or longer consulting
projects. We believe Ankura's portfolio of consulting services,
focused on disputes and economics, data and technology,
construction advisory, turnaround and restructuring, and similar
niche consulting services, will allow it to capitalize on these
industry trends and continue its brief track record of substantial
organic and inorganic growth. In addition, its revenue mix includes
both noncyclical and countercyclical businesses, which may provide
revenue stability, in our view.

"We expect competitive pressures will remain intense for Ankura due
to its small scale and nascent consulting platform. Despite
positive industry tailwinds, we believe Ankura will continue to
experience intense competition in its various consulting end
markets. Founded in 2015, in our view the company does not have
significant brand recognition compared with its more established
consulting industry peers. In terms of revenue, the company is
geographically concentrated in the U.S. and is smaller than larger
consulting industry and key rated peers such as FTI Consulting and
AlixPartners. We believe its smaller size is less favorable for the
business as it competes to attract and retain highly experienced
professionals with specialized expertise and clients on a global
scale against companies with more robust service offerings.
Moreover, substantially all revenues are project-based, with
projects ranging from two to 24 months. We believe this increases
potential revenue volatility and contributes to a lack of long-term
revenue predictability. compared to peers that have more
retainer-based revenue sources. Consequently, we expect future
revenue stability will greatly depend on its ability to maintain
current client relationships, attract new clients, and increase the
value of its product offerings with future client engagements.
These revenue limitations are slightly offset by the company's low
dependence on any one client, its diverse client industry exposure,
and its ability to use multiple business groups for most client
engagements.

"Our stable outlook reflects our expectation that Ankura will
generate positive organic revenue growth and improve its
profitability and cash flow generation over the next 12 months due
to cost efficiencies and acquisition integration. Although adjusted
leverage including preferred shares will remain high at above 10x
(about 9x without the preferred shares), we expect Ankura to
generate $15 million-$30 million of reported FOCF in 2022."

S&P could lower the rating on Ankura over the next 12 months if it
does not generate consistent reported free cash flow above $15
million, which in its view would raise uncertainty regarding the
sustainability of the capital structure. This could occur under a
combination of the following factors:

-- Organic revenue declines due to increased competition and loss
of business from clients.

-- An inability to materially expand its EBITDA margins due to
operational inefficiencies and unsuccessful acquisition
integration.

-- Poor working capital management leading to volatile cash
outflows.

-- Aggressive financial policy decisions such as poorly timed,
large debt-financed acquisitions or substantial debt-funded
distributions to its sponsor.

Although unlikely over the next 12 months, S&P could raise the
rating on Ankura if it lowered leverage, including the preferred
shares, to below 6x and maintained it there through a combination
of the following factors:

-- Strong organic revenue growth leading to increased client
retention and consulting services expansion through its various end
markets.

-- Strong expansion of its EBITDA margin due to increased
economies of scale and prudent cost management.

-- Substantially improved positive cash flow generation and the
use of excess cash flow to materially lower leverage through
voluntary debt reduction.



APEX TOOL: Moody's Cuts CFR to Caa2 & Alters Outlook to Negative
----------------------------------------------------------------
Moody's Investor Service downgraded Apex Tool Group, LLC.'s
Corporate Family Rating to Caa2 from Caa1 and its Probability of
Default Rating to Caa2- PD from Caa1-PD. Moody's also downgraded
APEX's senior secured bank debt to Caa1 from B3 and affirmed the
Caa3 rating on the senior unsecured notes due 2023. The outlook is
changed to negative from stable.

The downgrade of Apex's CFR to Caa2 from Caa1 and change in outlook
to negative from stable reflects Moody's view that Apex's debt
capital structure is untenable. Moody's forecasts that Apex will
remain highly leveraged, with adjusted debt-to-EBITDA remaining
above 8.5x through 2022. Also, Apex has a maturing debt profile.
Its bank debt has a springing maturity of November 2022 (stated
maturity of August 2024) and is now a current liability, followed
by its senior unsecured notes coming due on February 15, 2023.
Inability to generate a material amount of earnings hampers
recovery in key debt metrics. Liquidity remains weak, with a nearly
fully drawn revolver and large fixed charges of about $120 million,
which includes cash interest, term loan amortization and lease
payments, hinders cash flow and reduces financial flexibility.
Moody's believe that a debt restructuring will be needed, bringing
the company's capital structure more in-line with current operating
performance.

Governance characteristics Moody's considers in Apex's credit
profile include an aggressive financial strategy, as evidenced by
high leverage. Also, Moody's believes that Bain Capital Partners
LLC (Bain), the owner of Apex for almost nine years, is unlikely to
infuse much-needed cash so that debt holders are made whole and
solving Apex's looming maturity profile. Bain acquired Apex in
early 2013 for $1.55 billion with an initial equity investment of
about $370 million and a follow-on investment of $80 million in the
second quarter of 2019.

"Apex's financial situation is unsustainable as the company faces a
wall of maturing debt and has a weak liquidity profile," according
to Peter Doyle, Vice President at Moody's. "Debt holders face the
risk of a debt restructuring, including the potential for a
distressed exchange."

The following ratings are affected by the action:

Affirmations:

Issuer: Apex Tool Group, LLC.

Senior Unsecured Regular Bond/Debenture, Affirmed Caa3 (LGD5)

Downgrades:

Issuer: Apex Tool Group, LLC.

Corporate Family Rating, Downgraded to Caa2 from Caa1

Probability of Default Rating, Downgraded to Caa2-PD from Caa1-PD

Senior Secured 1st Lien Revolving Credit Facility, Downgraded to
Caa1 (LGD3) from B3 (LGD3)

Senior Secured 1st Lien Term Loan, Downgraded to Caa1 (LGD3) from
B3 (LGD3)

Outlook Actions:

Issuer: Apex Tool Group, LLC.

Outlook, Changed To Negative From Stable

RATINGS RATIONALE

Moody's recognizes that Apex's management is addressing its cost
structure and improving working capital management. However, the
level of improvement will not be sufficient to generate
meaningfully levels of earnings and resulting cash flow for debt
reduction. Also, Apex's liquidity is weak as the company's
revolving credit facility, a key source of liquidity, expires
within the year and is nearly fully drawn. Moody's forecasts that
Apex has the liquidity to pay required term loan amortization and
the next semi-annual interest payment due February 15, 2022 of
about $15 million for its 9.0% notes due 2023 and possibly the
following interest payment on August 15.

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

The ratings could be downgraded further if Apex does not improve
its liquidity and debt maturity profile. Redemption of debt at
discount or conversion of debt for equity would be considered a
distressed exchange and a default per Moody's methodology. The
ratings could be upgraded if Apex provides a long-term solution to
its looming debt maturities and demonstrates a significant
improvement in liquidity and operations.

The principal methodology used in these ratings was Manufacturing
published in September 2021.

Apex Tool Group, LLC, headquartered in Sparks, Maryland, is a
global manufacturer of hand and power tools for industrial,
commercial, and retail customers. Bain Capital Partners LLC,
through its affiliates, is the owner of Apex.


BAUSCH HEALTH: Moody's Affirms B2 CFR & Alters Outlook to Negative
------------------------------------------------------------------
Moody's Investors Service affirmed the ratings of Bausch Health
Companies Inc. including the B2 Corporate Family Rating, the B2-PD
Probability of Default rating, the Ba2 senior secured rating and
the B3 senior unsecured rating. At the same time, Moody's revised
the outlook to negative from stable. The Speculative Grade
Liquidity Rating remains unchanged at SGL-1.

The outlook change to negative reflects execution risks of pending
corporate transactions that are intended to result in the
separation of the global Bausch + Lomb global eyecare business,
leaving the remaining company with high financial leverage and
greater concentration in Xifaxan. Execution risks include those
related to the planned initial public offerings of the Solta
Medical business and of Bausch + Lomb, plus a debt issuance at
Bausch + Lomb. These transactions are intended to leave the
remaining Bausch Pharma business with net debt/EBITDA of 6.5x to
6.7x per management's calculations. However, the estimate of this
figure per Moody's calculations remains uncertain, as does the
level of gross debt/EBITDA. In addition, there is uncertainty
created by a recently disclosed tax dispute with the IRS, although
it appears reasonably likely that the company's position will
prevail. Under Moody's ESG framework, these risks represent
governance considerations related to financial strategy and risk
management.

A downgrade of the ratings upon separation of Bausch + Lomb is not
assured, and Moody's is affirming the company's existing ratings.
Many details of the pending transactions remain unknown, and
Moody's will continue to assess the impact on the credit profile as
greater details around the Solta IPO and Bausch + Lomb IPO become
available including valuations and the level of the company's
remaining ownership in Solta. In March 2022, a US district court
will begin hearings in the Xifaxan patent challenge -- the outcome
of which will also be critical to the company's credit profile.

The affirmation of the ratings reflects Moody's expectation for
solid cash flow both before and after the Bausch + Lomb spinoff,
and the expectation that management will remain acutely focused on
deleveraging. Further, Moody's assumes that Bausch Pharma's capital
structure will not include a substantially higher portion of
secured debt compared to Bausch Health's existing capital structure
that would otherwise result in wider notching of the ratings.

Affirmations:

Issuer: Bausch Health Americas, Inc.

Gtd Senior Unsecured Notes, Affirmed B3 (LGD5)

Issuer: Bausch Health Companies Inc.

Corporate Family Rating, Affirmed B2

Probability of Default Rating, Affirmed B2-PD

Senior Secured Revolving Credit Facility, Affirmed Ba2 (LGD2)

Senior Secured Term Loan, Affirmed Ba2 (LGD2)

Senior Secured Notes, Affirmed Ba2 (LGD2)

Senior Unsecured Notes, Affirmed B3 (LGD5)

Issuer: VRX Escrow Corp. (Assumed by Bausch Health Companies Inc.)

Senior Unsecured Notes, Affirmed B3 (LGD5)

Outlook Actions:

Issuer: Bausch Health Americas, Inc.

Outlook, Revised to Negative from Stable

Issuer: Bausch Health Companies Inc.

Outlook, Revised to Negative from Stable

RATINGS RATIONALE

Bausch Health's B2 Corporate Family Rating reflects its high
financial leverage with gross debt/EBITDA of about 7x of September
30, 2021 using Moody's calculations. The credit profile is also
constrained by the pending spinoff of the company's global eyecare
business. This transaction will increase business risks of the
remaining company, known as Bausch Pharma, due to reduced scale and
diversity and high leverage initially, with targeted net
debt/EBITDA of 6.5x to 6.7x. The company faces various outstanding
legal investigations and an unresolved patent challenge on Xifaxan
-- its largest product.

These risks are tempered by good progress in an ongoing turnaround
prior to the coronavirus pandemic, and a consistent focus on
deleveraging, which Moody's expects will continue after the
spinoff. The credit profile is supported by good free cash flow,
owing to high margins, modest capital expenditures and an efficient
tax structure. Moody's will continue to gauge the impact on the
credit profile as more details around the Solta IPO and Bausch +
Lomb spinoff are disclosed, and based on the latest operating
performance, risk factors and financial policies.

ESG considerations are material to Bausch Health's credit profile.
Bausch Health's key social risks include a variety of unresolved
legal issues, notwithstanding significant progress to date at
resolving such matters. Other social risks include exposure to
regulatory and legislative efforts aimed at reducing drug pricing.
However, Bausch Health's product and geographic diversification
help mitigate some of that exposure, as well as business lines
outside of branded pharmaceuticals. Among governance
considerations, management has had a consistent debt reduction
strategy, which Moody's envisions continuing following the eyecare
spinoff. In addition, the company has built a steady track record
of generating positive organic growth in recent years.

The outlook is negative, reflecting execution risks associated with
upcoming transactions including the Bausch + Lomb spinoff and the
negative credit impact on the remaining Bausch Pharma business.

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

Factors that could lead to a downgrade include operating setbacks,
large litigation-related cash outflows, or an adverse outcome in
the unresolved Xifaxan patent challenge. Quantitatively, on a total
company basis, gross debt/EBITDA sustained above 7.0x could lead to
a downgrade. After the pending eyecare spinoff, gross debt/EBITDA
sustained above 5.5 times could lead to a downgrade.

Factors that could lead to an upgrade include consistent earnings
growth, successful pipeline execution of new rifaximin
formulations, and significant resolution of outstanding legal
matters including Xifaxan patent challenge. On a total company
basis, gross debt/EBITDA sustained below 6.0x could support an
upgrade. After the pending eyecare spinoff, gross debt/EBITDA
sustained below 4.0 times could support an upgrade.

Bausch Health Companies Inc. is a global company that develops,
manufactures and markets a range of pharmaceutical, medical device
and over-the-counter products. These are primarily in the
therapeutic areas of eye health, gastroenterology and dermatology.
Revenues for the 12 months ended September 30, 2021 totaled
approximately $8.5 billion.

The principal methodology used in these ratings was Pharmaceuticals
published in November 2021.


BOSTON DONUTS: Gets Cash Collateral Access Thru Dec 16
------------------------------------------------------
The U.S. Bankruptcy Court for the District of Massachusetts has
authorized Boston Donuts, Inc. and its affiliates to continue using
cash collateral on the same terms and conditions as set forth in
the Eleventh Order Authorizing the Use of Cash Collateral through
December 16, 2021, the date of the hearing.

As previously reported by the Troubled Company Reporter, the
Debtors was permitted to use cash collateral solely up to the
amounts stated for any line item for the purposes identified in the
Budget, with a 10% variance or as expressly consented to in advance
in writing by the Secured Parties, with notice to the US Trustee.

Hometown Bank, Quickstone Capital, and the Massachusetts Department
of Revenue (MDOR) were granted a continuing post-petition
replacement lien and security interest in all post-petition
property of the estate of the same type against which they held
validly perfected liens and security interest as of the Petition
Date. The Replacement Liens will maintain the same priority,
validity and enforceability as the liens on the collateral and will
be recognized only to the extent of any diminution in the value of
the collateral.

The December 16 hearing will be conducted by telephone at 10:30
a.m.

Objections to the continued use of cash collateral will be filed no
later than November 13 at 4:30 p.m.

A copy of the order is available at https://bit.ly/3xbvR6c from
PacerMonitor.com.

                     About Boston Donuts, Inc.

Boston Donuts, Inc., sells donuts, coffee and more in five
locations in Massachusetts.  The Company sought Chapter 11
protection (Bankr. D. Mass. Lead Case No. 19-41141) on July 11,
2019, along with its debtor-affiliates Costa Cafe Inc., Maple
Avenue Donuts, Inc., W&E Trust, Inc., and EOR Holding Corporation.
Their cases are jointly administered.

Judge Christopher J. Panos oversees the case.

James P. Ehrhard, Esq., at Ehrhard & Associates, P.C., represents
the Debtors as counsel.



CAMBER ENERGY: Unit to Acquire All Membership Interests of New Rise
-------------------------------------------------------------------
Viking Energy Group, Inc., a majority-owned subsidiary of Camber
Energy, Inc., entered into a Membership Interest Purchase Agreement
with RESC Renewables Holdings, LLC to acquire all of the membership
interests of New Rise Renewables, LLC.  

New Rise owns all of membership interests in each of New Rise
Renewables Reno, LLC and New Rise Processing Reno, LLC.  The
acquired entities are in the process of engineering, developing,
constructing and bringing into commercial operations a processing
plant located in Reno, Nevada, that is designed to produce
renewable diesel.

The purchase price for the acquired interests is to equal the
appraised value of the acquired interests (as determined by a third
party appraisal firm agreed to by Viking and RESC Renewables
Holdings) less the amount of the Viking Bond, which is defined in
the MIPA as the face value of the bond financing or other credit
facility arranged by Viking to complete the purchase of the
acquired interests, facilitate the payment of New Rise liabilities
as set forth in the MIPA and to complete the remainder of the Plant
to and beyond the date that the Plant commences commercial
operations.  The face value of the Viking Bond is estimated to be
$250 to $275 million depending on marketing conditions.

The purchase price, subject to permitted adjustments, is to be paid
as follows: (i) $8,000,000 in cash on the Closing Date; and (ii) as
to the balance, via issuance of shares of convertible preferred
stock of Viking with the following features: (i) no voting rights;
(ii) a dividend rate of 7.25% per annum, with dividends payable
semi-annually in cash or in shares of common stock of Viking, or
combination of both, in each case at Viking's option, with
dividends to start accruing on the first day of the month
immediately following the date that the Plant commences commercial
operations; (iii) conversion rights with the preferred shares
convertible into shares of common stock of Viking at a fixed
conversion price equal to the volume weighted average price of
Viking's common stock during the period commencing on the date
which the terms of the MIPA are disclosed by Viking through a
Current Report on Form 8-K filed with the Securities and Exchange
Commission and ending on the date that is the 10th business day
following the Closing Date; (iv) all conversions shall be subject
to a 9.99% equity blocker, and the conversion rights with respect
to 40% of the preferred shares shall not apply until the date that
the Plant commences commercial operations; and (iv) redemption
rights and other features of the preferred stock to be determined
by Viking's accounting consultants such that the preferred shares
may be characterized as "permanent equity" on Viking's balance
sheet.

Viking's obligation to purchase the acquired interests is
conditioned on a number of items set out in the MIPA, including,
without limitation: (i) Viking having obtained the Viking Bond, on
terms and conditions satisfactory to Viking in its sole discretion;
and (ii) Viking having completed its due diligence investigation of
the Acquired Entities and the Plant, and, in its sole discretion,
being satisfied with the results of such due diligence
investigation.  There is no guaranty the conditions will be
satisfied.

The Closing Date of the acquisition of the acquired interests is to
be no later than two business days after the last of the conditions
to closing set out in the MIPA have been satisfied or waived (other
than conditions which, by their nature, are to be satisfied on the
Closing Date).

Concurrent with the execution of the MIPA, New Rise Processing
executed and delivered in Viking's favor a promissory note in the
principal amount of $1,500,000, and Viking advanced $1,500,000 to
New Rise Processing on Nov. 19, 2021, under the note.  New Rise
Processing's obligations under the note are secured by: (i) a
guaranty executed by RESC Renewable Holdings in favor of Viking,
and (ii) a Security Agreement-Pledge executed by RESC, LLC (the
owner of RESC Renewables Holdings) in favor of Viking, granting
Viking a first position and perfected security interest in 20% of
the membership interests of RESC Renewables Holdings.  Each of the
note, guaranty and pledge agreement are dated Nov. 18, 2021.  The
note bears interest at a rate of 10% per annum, and all principal
and accrued interest due thereunder are payable on the earlier of:
(i) Viking's acquisition of the acquired interests; or (ii) June
30, 2022.

                        About Camber Energy

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

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

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


CANNABICS PHARMACEUTICALS: Appoints Shaul Yemal as Director
-----------------------------------------------------------
Shaul Yemal has been appointed to the board of directors of
Cannabics Pharmaceuticals, Inc. as an independent director and as a
member of the Audit Committee, increasing the size of the board to
five members.

Mr. Yemal will receive the same compensation from the company as
the other non-employee members of the board of directors.

Mr. Yemal, 75, brings decades of transnational management and
finance experience.  Previously Mr. Yemal served as senior
economist in the Division of Economic Consulting for the Ministry
of Finance, Budget Division of the Minister of Finance and manager
of the Economic and Planning Division of the Ministry of Energy
(Israel). Mr. Yemal was acting chair of Financial, Auditor and
Compensation Committees for numerous companies both public and
private.  Mr. Yemal was chief executive officer of ICL in Santiago,
Chile, senior vice president of Business Development for ISAL Amlat
VC Fund and was responsible for their IPO in the Tel Aviv stock
exchange; senior VP corporate manager and board member of Oridion
Medical, and catalyst for their successful IPO on the Swiss stock
exchange.

                          About Cannabics

Cannabics Pharmaceuticals Inc., based in Bethesda, Maryland, is
dedicated to the development and licensing of personalized
cannabinoid-based treatments and therapies.  The Company's main
focus is development and marketing innovative bioinformatic
delivery systems for cannabinoids, personalized medicine therapies
and procedures based on cannabis originated compounds and
bioinformatics tools.  The parent Company Cannabics Inc was founded
by a group of Israeli researchers from the fields of cancer
research, pharmacology and molecular biology.

Cannabics reported a net loss of $7.47 million for the year ended
Aug. 31, 2020, compared to net income of $1.13 million for the year
ended Aug. 31, 2019.  As of May 31, 2021, the Company had $3.80
million in total assets, $1.47 million in total current
liabilities, and $2.33 million in total stockholders' equity.

Weinstein International. C.P.A., in Tel-Aviv, Israel, the Company's
auditor since 2019, issued a "going concern" qualification in its
report dated Nov. 4, 2020, citing that the Company has incurred
significant losses and needs to raise additional funds to meet its
obligations and sustain its operations. These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


CBAK ENERGY: Starts Operation of Nanjing Lithium Battery Facility
-----------------------------------------------------------------
CBAK Energy Technology, Inc. had begun operations at its lithium
battery manufacturing plant in the city of Nanjing in China's
Jiangsu province.

The plant is equipped with an initial annual capacity of 0.7 GWh
for the Company's new 32140 battery model that target the light
electric vehicle and electric vehicle sectors.  These batteries are
being gradually delivered to customers as the plant's output is
progressively expanding to full production capacity.  Additionally,
CBAK Energy is on track to complete the first construction phase
for its Nanjing facility by the end of 2022 when the total capacity
of the first phase is expected to be expanded to 2 GWh per year.
Meanwhile, the Company raised the planned capacity for the second
phase of the Project to 18 GWh per year from the original 6 GWh per
year to meet growing customer demands.  CBAK Energy plans to
commence construction of the second phase by the end of this year.

CBAK has also started operating a new production line at its Dalian
facility to make an annual 0.4 GWh of its new 26700 battery model,
an upgrade from its original 26650 battery model, for the LEV and
energy storage sectors.  Output from this new production line was
ramped up in earlier November, and production in Dalian facility
will last until the second quarter of 2022 to fulfill the number of
orders already received.  However, due to the COVID-19 pandemic
containment measures recently adopted in Dalian by the local
government, operations of this new production line, along with
CBAK's existing production lines in the city, have been suspended
and may continue to be suspended for additional time.  The Company
is closely monitoring the situation and will resume production once
the local containment measures ease.

Mr. Yunfei Li, chief executive officer of CBAK Energy, commented,
"We are very delighted about our progress in expansion.  The new
capacity of these batteries enables us to capitalize on emerging
opportunities in a broader market and development space.  Along
with the development of electric vehicles, we will continue to
enhance our production and supply capabilities to address the
robust demands for cylindrical lithium batteries."

                         About CBAK Energy

Liaoning Province, People's Republic of China-based CBAK Energy --
www.cbak.com.cn -- is a manufacturer of new energy high power
lithium batteries that are mainly used in light electric vehicles,
electric vehicles, electric tools, energy storage including but not
limited to uninterruptible power supply (UPS) application, and
other high-power applications.  Its primary product offering
consists of new energy high power lithium batteries, but it is also
seeking to expand into the production and sale of light electric
vehicles.

CBAK Energy reported a net loss of $7.85 million for the year ended
Dec. 31, 2020, compared to a net loss of $10.85 million for the
year ended Dec. 31, 2019.  As of Sept. 30, 2021, the Company had
$190.71 million in total assets, $68.51 million in total
liabilities, and $122.20 million in total equity.

Hong Kong, China-based Centurion ZD CPA & Co., the Company's
auditor since 2016, issued a "going concern" qualification in its
report dated April 13, 2021, citing that the Company has a working
capital deficiency, accumulated deficit from recurring net losses
and significant short-term debt obligations maturing in less than
one year as of Dec. 31, 2020.  All these factors raise substantial
doubt about its ability to continue as a going concern.


CHARIOT BUYER: Fitch Rates $2.2 Billion First Lien Loans 'B+'
-------------------------------------------------------------
Fitch Ratings has assigned a final rating of 'B+'/'RR3' to Chariot
Buyer LLC's (dba Chamberlain Group) $250 million first lien senior
secured revolver and $2.015 billion first lien senior secured term
loan. Fitch has also assigned a final rating of 'CCC+'/'RR6' to the
company's $600 million second lien term loan. Fitch currently rates
Chariot Holdings, LLC and Chariot Buyer LLC's Long-Term Issuer
Default Rating (IDR) 'B'. The Rating Outlook is Negative.

On Nov. 3, 2021, the Blackstone Group completed the acquisition of
The Chamberlain Group, LLC for about $5.1 billion. The acquisition
was funded with about $2.6 billion of debt. The operations of
Chamberlain Group and Systems, LLC will be consolidated under
Chariot Buyer, the issuer of the company's debt.

The final ratings are in line with the debt issues' expected
ratings that Fitch affirmed on Oct. 25, 2021 (see: Fitch Affirms
Chariot Holdings' (dba Chamberlain Group) IDR at 'B'; Outlook
Revised to Negative).

KEY RATING DRIVERS

Solid Overall Competitive Position: Chamberlain Group has
well-recognized brand names with leadership positions in the
residential garage doors openers, commercial door opener and gate
controls, and automotive garage access remotes 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.

High Leverage Levels: The Negative Outlook reflects the company's
high leverage levels, with pro forma total debt to operating EBITDA
(based on Fitch adjustments) of 7.7x for the LTM period ending June
30, 2021 and for this ratio to settle at around 8.4x at the end of
2021. The stable repair and remodel segment, combined with strong
housing completions through at least the first half of 2022
supports modest deleveraging, although debt to EBITDA is forecast
to remain elevated at around 7.2x at the end of 2022 before
declining to 6.8x by the end of 2023, which is modestly above
Fitch's negative rating sensitivity of 6.5x. Fitch expects leverage
to settle around 6.4x at the end of 2024.

While the company generates sufficient FCF to reduce debt, there is
execution risk as Fitch's expectation for lower leverage assumes
EBITDA margin growth, including realization of cost savings and
some synergies, combined with modest debt reduction beyond the
required quarterly amortization. Chariot's IDR could be downgraded
to 'B-' if cost savings and synergies are not realized and/or other
capital allocation decisions (e.g. dividends, limited debt
repayment) lead Fitch to expect that total debt to operating EBITDA
will be sustained above 6.5x 18-24 months following the close of
the acquisition.

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 Chamberlain
Group'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.

Strong Profitability and FCF Margins: Fitch expects Chamberlain
Group 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 Chamberlain Group
realizes synergies from Blackstone's ownership of the company.
Fitch expects FCF (cash flow from operations less capital
expenditures and dividends) margins to be around 6.0%-6.5% during
the rating horizon. The strong FCF margin provides the company the
ability to reduce debt.

Manufacturing and Distribution Footprint: A vast majority of
Chamberlain Group'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 Chamberlain
Group 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 acquisition by Blackstone. Fitch expects
the company will lower leverage through EBITDA growth and debt
reduction, but will likely remain in the 6.0x-7.0x range during the
rating horizon. However, Fitch also expects Chamberlain Group will
benefit from Blackstone's ownership, including accelerating the
company's growth in the commercial door opener and access solutions
market.

DERIVATION SUMMARY

Chariot's (dba Chamberlain Group) 'B' IDR reflects the company's
high leverage, its strong profitability and FCF margins, its solid
overall position in the value chain, and diversified end-market
exposure. The company's extended maturity schedule, adequate
liquidity and manufacturing concentration risk are also factored
into the ratings.

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 3.0x 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 6.0x-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 with
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 8.4x in 2021 and 7.2x in
    2022;

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

-- FCF margin of 6.0%-6.5% 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 $2.015 billion first lien secured
term loan and a recovery corresponding to an 'RR6' for the $600
million second lien secured term loan.

RATING SENSITIVITIES

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

-- The Outlook may be revised to Stable if the company achieves
    projected cost savings and synergies and Fitch's expectation
    that total debt to operating EBITDA will trend toward 6.5x 18-
    24 months following the close of the acquisition;

-- 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, Chariot has 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 6.0%-6.5%
annually (or around $100 million), which is sufficient to cover
annual amortization of $20.15 million under the 1L TL. Fitch
expects some excess FCF will be applied toward 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 a strong
position in residential garage doors openers, commercial door
opener and gate controls, and automotive garage access remotes.

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.


CITY COMMUNICATIONS: Unsecureds to Get Share of Income for 3 Years
------------------------------------------------------------------
City Communications Inc. filed with the U.S. Bankruptcy Court for
the Northern District of Georgia a Plan of Reorganization dated
November 16, 2021.

City Communications, Inc. has traditionally been a reseller of
telecommunications. Debtor is a corporation duly formed and in the
state of Georgia by the filing of the Articles of incorporation in
2014 by Faraz Mobeen.

This Plan is filed pursuant to sections 1123, 1189, and 1190 of
title 11 of the United States Code and Rule 3016 of the Federal
Rules of Bankruptcy Procedure, and Debtor proposes this Plan of
Reorganization in a good faith effort to make to make a reasonable
distribution to allowed claims in this Case urges all claimants who
are entitled to vote to cast a ballot to confirm this Plan.

Class 1 consists of Allowed Priority Tax Claim held by the Internal
Revenue Service (the "IRS") which was assessable or due and payable
prior to the Filing Date or treated as arising prior to the Filing
Date (the "Class 4 IRS Tax Claim"). The IRS filed Proof of Claim
No. 2 asserting a priority claim of $12,600.76. Debtor shall pay
the Allowed Class 1 IRS Tax Claim in full the later of the
Effective Date or the entry of a final, non appealable order by the
Court determining the amount of any allowed priority tax claim,
subject to availability of funds.

Class 2: Administrative convenience Class consisting of allowed
general unsecured claims of $10,000.00 or less. Debtor shall pay
all Class 2 claimants in full on the Effective Date. Any creditor
having an allowed general unsecured claim in excess of $10,000.00
may elect to be classified as a Class 2 claimant and shall then be
paid $10,000.00 on the Effective Date in full satisfaction of such
claim. Class 2 Claimants are Impaired by the Plan.

Class 3 consists of Allowed General Unsecured Claims Exceeding
$10,000.00. Creditors having allowed Class 3 claims will be paid
all of Debtor's Disposable Income for a period of three years after
the Effective Date. Disposable income shall mean all income
received by the Debtor reasonably necessary or expended for the
payment of expenditures necessary for the continuation,
preservation or operation of the Debtor. Debtor shall retain a
balance of $100,000.00 in its operating account, as of the last day
of the month prior to disbursement, and shall disburse all amounts
exceeding $100,000.00 to class 3 allowed claims.

Payments to Class 3 claimants shall be distributed on the fifth day
of the third month after the Effective Date, and every three months
thereafter until a total of twelve quarterly payments have been
made. Payment of said amounts distributed pro-rata to all Class 3
Claimants. In the event Class 3 claimants have received less than
10% of their allowed claims three years after the Effective Date,
then Debtor shall continue to make quarterly disbursements until
such time as Class 3 claimants have received not less than 10% of
their allowed claims. Class 3 Claimants are Impaired by the Plan.

Class 4 consists of Equity Security Holder. The Equity Security
Holder shall maintain her equity interest, but shall be receive no
distribution and no compensation, other than the compensation
disclosed in this Plan, until such time as all senior classes have
received final distribution under the Plan.

The source of funds for the payments pursuant to the Plan is
Debtor's future income.

A full-text copy of the Plan of Reorganization dated Nov. 16, 2021,
is available at https://bit.ly/3oOJ6Ws from PacerMonitor.com at no
charge.

Attorney for Debtor:

     Edward F. Danowitz, Esq.
     Danowitz Legal, P.C.
     1640 Powers Ferry Road
     Building 24, Suite 350
     Marietta, GA 30067
     Tel.: 770-933-0960
     Email: Edanowitz@DanowitzLegal.com

                     About City Communications

Woodstock, Ga.-based City Communications, Inc. sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No.
21-56170) on Aug. 18, 2021, disclosing up to $500,000 in assets and
up to $10 million in liabilities. Pobish Khan, the chief executive
officer, signed the petition.  The Debtor tapped Danowitz Legal, PC
as legal counsel.


CLEANSPARK INC: Secures More Bitcoin Mining Machines
----------------------------------------------------
CleanSpark, Inc. has purchased an additional 2,597 units of
the Antminer S19 bitcoin (BTC) mining machines.

Delivery of the machines is scheduled to be immediate, adding to
the 2,711 rigs already purchased and scheduled for delivery this
month. These orders are expected to substantially add to the
company's hashrate over the coming weeks.

CleanSpark employs a sustainable business strategy of converting a
portion of its BTC holdings to fund operations and expansion, with
a goal of limiting shareholder dilution.

"We continue to take advantage of favorable pricing in the spot
market to purchase machines as opportunities present themselves,
rather than locking up capital for long periods of time, while we
use the standard strategy of future delivery contracts," said Zach
Bradford, chief executive officer and president.

The company currently operates more than 12,800 miners, providing a
hashrate of 1.3 EH/s.

                         About CleanSpark

Headquartered in Bountiful, Utah, CleanSpark, Inc. --
www.cleanspark.com -- in the business of providing advanced
software and controls technology solutions to solve modern energy
challenges.  The Company has a suite of software solutions that
provide end-to-end microgrid energy modeling, energy market
communications and energy management solutions.  Its offerings
consist of intelligent energy monitoring and controls, intelligent
microgrid design software, middleware communications protocols for
the energy industry, energy system engineering and software
consulting services.

CleanSpark reported a net loss of $23.35 million for the year ended
Sept. 30, 2020, a net loss of $26.12 million for the year ended
Sept. 30, 2019, and a net loss of $47.01 million for the year ended
Sept. 30, 2018.  As of June 30, 2021, the Company had $297.49
million in total assets, $15.69 million in total liabilities, and
$281.80 million in total stockholders' equity.


CLEARDAY INC: Enters Into JV Agreement With Invento
---------------------------------------------------
Clearday, Inc. has entered into a joint venture agreement with
Invento Research Inc., an ISO 9001:2015 certified company, to bring
the latest robotic technology to the senior care world.  Together,
the two companies are developing and deploying "Mitra", a trusted
companion, with proprietary uses that encourage patient engagement
and enhances and empowers care workers with abundant convenience.
Mitra will soon be launched to support non-acute care markets,
including deployment in Clearday residential communities, and in
the home markets with Clearday at Home to better enable older
Americans to age-in-place.

James Walesa CEO of Clearday stated, "Our work with Invento is
developing a trusted companion that provides fun and engaging
content for older Americans while also supporting, and protecting,
their care givers.  Mitra is developing routines that enable care
workers to safely, efficiently, and effectively provide more and
better care.  Perhaps most importantly, Mitra provides these
services in a fun, entertaining and engaging way - our residents
are not intimidated by the technology, they quickly embrace and
enjoy it.  We believe this is the beginning of merging robotic
technology and personal care and engagement to improve the quality
of life for all patients."

"We introduced Mitra to the seniors at our Primrose Adult daycare
facility in San Antonio, Texas on Veterans Day," continued Mr.
Walesa.  "We demonstrated how Mitra uses the power of voice,
vision, machine learning and onboard devices to deliver quality and
engaging care.  We will soon be launching Mitra in each of our
facilities and partnering with other locations so that Mitra can
provide a better care experience for even more people."

"We are pleased to be working with Clearday," said Balaji
Viswanathan, co-founder and CEO of Invento Research Inc.  He added,
"We are looking forward to combining our well established expertise
in robotic technology with Clearday's extensive work in senior care
to provide the strongest and friendliest support for older
Americans that choose to age in place."

                          About Clearday

Clearday (fka Superconductor Technologies, Inc.) is an innovative
non-acute longevity health care services company with a modern,
hopeful vision for making high quality care options more
accessible, affordable, and empowering for older Americans and
those who love and care for them.  Clearday has decade-long
experience in non-acute longevity care through its subsidiary
Memory Care America, which operates highly rated residential memory
care communities in four U.S. states.  Clearday at Home -- its
digital service -- brings Clearday to the intersection of
telehealth, Software-as-a-Service (SaaS), and subscription-based
content.

Superconductor reported a net loss of $2.96 million in 2020
following a net loss of $9.23 million in 2019.  As of Sept. 30,
2021, the Company had $51.65 million in total assets, $68.92
million in total liabilities, $15.13 million in mezzanine equity,
and a total deficit of $32.41 million.

Los Angeles, CA-based Marcum LLP, the Company's auditor since 2009,
issued a "going concern" qualification in its report dated March
31, 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 is operations.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.


COCRYSTAL PHARMA: Falls Short of Nasdaq's Bid Price Requirement
---------------------------------------------------------------
Cocrystal Pharma, Inc. received a letter from the Nasdaq Stock
Market LLC on Nov. 16, 2021, notifying the company of its
noncompliance with Nasdaq Listing Rule 5550(a)(2) by failing to
maintain a minimum bid price for its common stock of at least $1.00
per share for 30 consecutive business days.

According to the letter, the company has a 180 calendar day grace
period to regain compliance with the Rule, subject to a potential
180 calendar day extension.  To regain compliance, the company's
common stock must have a minimum closing bid price of at least
$1.00 per share for at least 10 consecutive business days within
the grace period.  In the event the company does not regain
compliance by May 15, 2022, the end of the grace period, the
company may be eligible for an additional 180 calendar day grace
period to regain compliance.  To qualify for the additional grace
period, the company will be required to meet the continued listing
requirement for the market value of its publicly held shares and
all other initial listing standards for The Nasdaq Capital Market,
with the exception of the bid price requirement, and will need to
provide written notice of its intention to cure the deficiency
during the second grace period, by effecting a reverse stock split
if necessary. However, if it appears to Nasdaq at the end of the
grace period that the company will be unable to cure the
deficiency, or if the company is not otherwise eligible for the
additional cure period, Nasdaq will provide notice that the
company's common stock will be subject to delisting.

The letter has no immediate impact on the listing of the company's
common stock, which will continue to be listed and traded on The
Nasdaq Capital Market, subject to the company's compliance with the
other continued listing requirements of The Nasdaq Capital Market.

The company intends to monitor the bid price of its common stock
and assess its options for maintaining the listing of its common
stock on The Nasdaq Capital Market.

                      About Cocrystal Pharma

Headquartered in Creek Parkway Bothell, WA, Cocrystal Pharma, Inc.
-- http://www.cocrystalpharma.com-- is a clinical stage
biotechnology company discovering and developing novel antiviral
therapeutics that target the replication machinery of influenza
viruses, hepatitis C viruses, noroviruses, and coronaviruses.

Cocrystal Pharma reported a net loss of $9.65 million for the year
ended Dec. 31, 2020, compared to a net loss of $48.17 million for
the year ended Dec. 31, 2019.  As of Sept. 30, 2021, the Company
had $82.60 million in total assets, $1.59 million in total
liabilities, and $81.01 million in total stockholders' equity.


CORONADO CAPITAL: Dec. 16 Plan & Disclosure Hearing Set
-------------------------------------------------------
On Nov. 15, 2021, Debtor Coronado Capital Investments, Inc. filed
with the U.S. Bankruptcy Court for the Western District of Texas a
First Amended Disclosure Statement for a First Amended Plan of
Reorganization.

On Nov. 16, 2021, Judge H. Christopher Mott conditionally approved
the First Amended Disclosure Statement and ordered that:

     * Dec. 13, 2021, at 5:00 p.m. is fixed as the last day for
filing and serving objections to final approval of the Disclosure
Statement.

     * Dec. 13, 2021, at 5:00 p.m. is also fixed as the last day
for submitting ballots for acceptance or rejection of the Plan.

     * Dec. 13, 2021, at 5:00 p.m. is also fixed as the last day
for filing and serving written objections to confirmation of the
Plan.

     * Dec. 15, 2021, at 12:00 p.m. noon is fixed as the last day
for the counsel for the Debtor to file with the Court: (a) a ballot
summary in the form required by Local Bankruptcy Rule 3018(b) with
a copy of the ballots; and (b) a memorandum of legal authorities
addressing any objections filed to the Plan.

     * Dec. 16, 2021 at 10:00 a.m., at the U.S. Bankruptcy Court,
511 E. San Antonio Ave, 4th Floor, El Paso, Texas, is fixed as the
time and place of the hearing on final approval of the Disclosure
Statement combined with the hearing on confirmation of the Plan and
any objections thereto.

A copy of the order dated Nov. 16, 2021, is available at
https://bit.ly/3x5i5BX from PacerMonitor.com at no charge.

Debtor's Counsel:

     Carlos A. Miranda, Esq.
     Carlos G. Maldonado, Esq.
     Miranda & Maldonado, PC
     5915 Silver Springs, Bldg. 7
     El Paso, TX 79912
     Telephone: (915) 587-5000
     Facsimile: (915) 587-5001
     Email: cmiranda@eptxlawyers.com
            cmaldonado@eptxlawyers.com

               About Coronado Capital Investment

Coronado Capital Investment, Inc. is a Texas corporation formed in
El Paso since September 19, 1994. It is the owner operator of
multi-family residential real estate in El Paso, Texas renting
apartment units and other residential property.

The Debtor filed a voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. W.D. Tex. Case No. 21-30264) on
April 5, 2021, listing under $1 million in both assets and
liabilities.  Doug Rutter, principal and sole shareholder, signed
the petition.  

Judge H. Christopher Mott oversees the case.  

Miranda & Maldonado, PC, serves as the Debtor's legal counsel.

SM VER Enterprises, LLC, Zia Trust, Inc, as Custodian for Bradley
E. Jarman, IRA, and Fernando Torres Macias/Bertha Lujan Mora, as
Secured Lenders, are represented by:

     James Brewer, Esq.
     Kemp Smith, LLP
     P.O. Drawer 2800
     El Paso TX 79999-2800
     E-mail: Jim.Brewer@kempsmith.com

Aurelio and Gloria Chaidez, as Secured Lenders, are represented
by:

    Corey W. Haugland, Esq.
    James & Haugland, PC.
    609 Montana Avenue Phone
    Tel: 915-533-0096
    Fax: 915-544-5348
    E-mail: chaugland@jghpc.com


COVANTA HOLDING: Moody's Rates New $300MM Sr. Unsecured Notes 'B1'
------------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Covanta Holding
Corporation (NEW)'s new $300 million sustainability-linked senior
unsecured notes due 2029. This issuance is part of the financing
for the proposed acquisition of 100% of Covanta by EQT Investors
currently being offered by Covert Mergeco, Inc., which will merge
with and into Covanta, with Covanta continuing as the surviving
corporation, upon consummation of the merger. Covanta and EQT
announced on July 14, 2021 that EQT will acquire the company for
approximately $5.3 billion, with the closing of this transaction
expected to close at the end of this month. Covanta's rating
outlook is stable.

RATINGS RATIONALE

The B1 senior unsecured rating reflects Moody's view that the
company will continue to benefit from its fundamental credit
strengths that include highly contracted waste revenues,
diversification into the United Kingdom (UK) waste market, and
revenue increases from organic growth and new initiatives related
to its environmental services business. In addition, Covanta is not
expected to distribute dividends under the EQT sponsorship, a
credit positive, as Covanta has had to raise debt to fund common
dividend obligations in the past.

Moody's expect Covanta's cash flow to benefit from higher waste
contract prices through renewals of contracts with long-term
customers and the completion of the projects in the UK as well as
from improved commodity prices, both energy and metals, in recent
months. However, Moody's continue to view the merchant power market
as challenging and recycled metals prices will continue to be
volatile.

Overall, Covanta's leverage will be higher under the EQT
sponsorship as Moody's expect Covanta to carry approximately $600
million of additional net debt after the recapitalization is
completed. The additional leverage will be somewhat moderated by
the expected improvements in cash flow.

Rating Outlook

The stable outlook reflects Moody's expectation that Covanta will
continue to maintain stable operations across its business and
steady financial performance over the next 12-18 months. Moody's
view that Covanta will generally maintain predictable cash flow
from long-term contracts and generate key credit metrics that are
appropriate for the current rating. The stable outlook also
reflects Moody's expectation that the additional debt incurred as a
result of the EQT acquisition will not adversely affect the
company's rating or fundamental credit quality.

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

Factors That Could Lead to an Upgrade

A rating upgrade could be possible if Covanta mitigates financial,
market and operational risk such that its cash flow becomes more
predictable on a sustained basis. Positive rating action could also
occur if the company's leverage is reduced and US power market
dynamics improve such that power prices increase significantly.

Factors That Could Lead to a Downgrade

A rating downgrade could be considered if key credit metrics
deteriorate, including cash flow from operations before changes in
working capital (CFO pre-WC) to debt below 7%, on a sustained
basis. Also, if Covanta increases its leverage significantly as a
result of an acquisition, a rating downgrade could be possible. A
rating downgrade could also occur if there is a deterioration of
power market dynamics, resulting in a significant decline in power
prices on a sustained basis.

Assignments:

Issuer: Covanta Holding Corporation (NEW)

Senior Unsecured Regular Bond/Debenture, Assigned B1 (LGD5)

Outlook Actions:

Issuer: Covanta Holding Corporation (NEW)

Outlook, Remains Stable

Headquartered in Morristown, New Jersey, Covanta Holding
Corporation is one of the world's largest developers, owners and
operators of waste management infrastructure with 41
waste-to-energy (WtE) projects. In 2020, waste and services
represented 74% of consolidated revenues while electricity and
steam represented 19% and the remainder came from recycled metals
and other businesses.

Founded in 1994, EQT Investors (EQT) is a global investment
organization with approximately EUR71 billion of assets under
management.

The principal methodology used in this rating was Unregulated
Utilities and Unregulated Power Companies published in May 2017.


CRC BROADCASTING: Taps Michael W. Carmel as Special Counsel
-----------------------------------------------------------
CRC Broadcasting Company and CRC Media West, LLC seek approval from
the U.S. Bankruptcy Court for the District of Arizona to employ
Michael W. Carmel, Ltd. as special counsel.

The Debtors need the firm's legal assistance in connection with the
evidentiary hearing on the confirmation of their Chapter 11 plans
of reorganization.

The firm will be paid at the rate of $675 per hour and reimbursed
for out-of-pocket expenses incurred.

Michael Carmel, Esq., disclosed in a court filing that his firm is
a "disinterested person" as the term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached at:

     Michael W. Carmel, Esq.
     Michael W. Carmel, Ltd.
     80 East Columbus Ave.
     Phoenix, AZ 85012
     Tel: (602) 264-4965
     Fax: (602) 277-0144

                  About CRC Broadcasting Company

CRC Broadcasting Company, Inc., a broadcast media company based in
Scottsdale, Ariz., filed a voluntary petition under Chapter 11 of
the Bankruptcy Code (Bankr. D. Ariz. Case No. 20-02349) on March 6,
2020, listing under $1 million in both assets and liabilities.
Affiliate CRC Media West, LLC also filed for Chapter 11 petition
(Bankr. D. Ariz. Case No. 20-02352) on March 6, 2020, listing under
$1 million in both assets and liabilities.

Judge Paul Sala oversees both cases, which are jointly
administered.

The Debtors tapped Allan D. NewDelman, Esq., at Allan D. NewDelman,
P.C. as bankruptcy counsel; and Michael W. Carmel, Ltd. and
Radiotvlaw Associates, LLC as special counsel; and Angelo Bellone
as accountant.  

Desert Financial Federal Credit Union, a secured creditor, is
represented by Squire Patton Boggs (US) LLP.


DANE HEATING: Unsecured Creditors to Recover 25% over 36 Months
---------------------------------------------------------------
Dane Heating and Air Conditioning Inc., filed with the U.S.
Bankruptcy Court for the Northern District of Illinois a Subchapter
V Plan of Reorganization dated Nov. 16, 2021.

The Debtor is a heating and air conditioning contractor servicing
business and residential customers in Chicago and suburbs.  Dane is
operated by its president and sole shareholder Dane Jajic and the
business operating from Jajic's home located at 7714 S. Clarendon
Hills Road in Willowbrook, IL.

This Subchapter V Plan will pay creditors from the continued
operations of the Debtor.  A liquidation of the Debtor will result
in less than 10% payment (approximately 7%) to unsecured creditors,
and as such creditors will be better served by supporting the
foregoing plan, which proposes an unsecured dividend of
approximately 25% over 3 years.

The Debtor's financial projections show that the Debtor will have
projected disposable income of approximately $3,000 per month.
Plan payments will be made on a quarterly basis beginning March 30,
2022.  The final plan payment is expected to be paid at the end of
2024.

This Plan of Reorganization proposes to pay creditors of the Debtor
from cash flow generated by its business operations.  This Plan
provides for 1 class of secured claims; 1 class of unsecured
claims; and 1 class of equity security holders. Unsecured creditors
holding allowed claims will receive distributions, which the
proponent of this Plan has valued at approximately 25 cents on the
dollar.  This Plan also provides for the full payment of
administrative claims over a period of 24 months.

The Plan will treat claims as follows:

     * Class 1 consists of Administrative Claims.  Payable in full
over a period of 24 months with an estimated payment of $625 per
month.  Estimated sum of Administrative Claims is $15,000.

     * Class 2 consists of the secured claim of Kapitus, which
holds a blanket lien on Debtor's assets.  Claim of Kapitus has been
fully satisfied and any liens shall be released upon confirmation.

     * Class 3 consists of General unsecured creditors.  Unsecured
creditors shall receive approximately 25% of claims, pro rata over
36 months at a rate of $3,000 per month commencing in March 2022.
Unsecured dividends shall be paid quarterly beginning at the end of
the 1st Quarter of 2022 (March 30, 2022).  The first quarterly
payment will be in the sum of $7,500.  Thereafter quarterly
payments will increase to $9,000 per quarter, with a final payment
of $10,500.00 in the last quarter of 2024.  Total unsecured payment
is $108,000.

     * Class 4 consists of Equity Security Holders of the Debtor.
Equity security holder will retain his interest in the Debtor.

The Plan will be funded by the continued operations of the Debtor
and income derived from operations of the Debtor.  Dane Jajic shall
remain President of the Debtor and remain responsible for the
operations of the Debtor after Plan Confirmation.  Should the plan
be confirmed under 1191 (a) Jajic shall be responsible for plan
payments.  Should the Plan be confirmed under 1191 (b) Jajic will
make payments to the Subchapter V Trustee who will make payments to
the creditors.

The Debtor will continue to be owned 100% by Dane Jajic after
confirmation of the Plan.

A full-text copy of the Plan of Reorganization dated Nov. 16, 2021,
is available at https://bit.ly/3FvfAvG from PacerMonitor.com at no
charge.

               About Dane Heating & Air Conditioning

Dane Heating & Air Conditioning, Inc., filed a petition under
Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill.
Case No. 21-09701) on Aug. 18, 2021, listing up to $500,000 in
assets and up to $1 million in liabilities.  Ken Novak has been
appointed Subchapter V trustee for the Debtor.

Judge Deborah L. Thorne oversees the case.  

Springer Larsen Greene, LLC, and Schaefers Law Group, Ltd., serve
as the Debtor's bankruptcy counsel and special counsel,
respectively.


DON & SON EXCAVATING: Continued Operations to Fund Plan Payments
----------------------------------------------------------------
Don & Son Excavating, Inc., filed with the U.S. Bankruptcy Court
for the Northern District of Ohio a Disclosure Statement describing
Plan of Reorganization for Small Business dated November 16, 2021.

The Debtor is a Corporation. Since March 7, 2008, the Debtor has
been in the business of preparing sites construction by removing
trees, leveling site surfaces, excavating land, building break
walls and other reinforcement walls.

When the level of work did not return with sufficient speed to make
payments at the end of the deferral periods, Donald E. Mansfield,
Jr., sole shareholder of Don & Son Excavating, Inc, filed for debt
relief under Chapter 13 of the Bankruptcy Code, and thereafter Don
& Son sought debt relief under Chapter 11 of the Bankruptcy Code to
reorganize, restructure the debt, and make payments going forward
in order to continue operation of the business. Don & Son does now
have contracts for work, and subject to weather, will fulfill the
contracts to obtain income to fulfill the plan obligations.

The Plan Proponent believes that the Debtor will have enough cash
on hand on the effective date of the Plan to pay all the claims and
expenses that are entitled to be paid on that date.

The Plan Proponent's financial projections show that the Debtor
will have an aggregate annual average cash flow, after paying
operating expenses and post-confirmation taxes of $31,000.00. The
Plan Proponent's financial projections show that the Debtor will
have projected disposable income of $103,156.00.

The Plan proposes to satisfy obligations to all pre-petition
creditors through payments over the next 50 months in the
approximate amount of $42,800.00. Debtor believes that there are no
outstanding obligations to the US Trustee at the time of this plan
preparation. Post petition professional fees are very large in
proportion to the size of this case and, if approved will be paid
in installments over the life of the plan, concurrent with other
claims.

Non-priority unsecured creditors holding allowed claims will
receive distributions, which the proponent of this Plan has valued
at approximately 5 cents on the dollar. This Plan also provides for
the payment of administrative and priority claims.

The only objections to claims related to three claims of Pawnee
Leasing, which objections were resolved by agreed order, and that
creditor is accepting payments through the related individual
Chapter 13 case of Donald E. Mansfield, Jr. Case Number 20-14544
and has been continuously paid on its claim since that Chapter 13
Plan was confirmed on April 8, 2021.

Equity interest holder Donald E. Mansfield, Jr. will continue to
own and operate Don & Son.

The plan will be funded from business income earned from the
ongoing operation of the business of Don & Son Excavating, Inc.
Funds necessary to fund the play payment will be placed into a
distribution account which will be opened after plan confirmation.
Distributions will be made by Donald E. Mansfield, sole shareholder
of Don & Son Excavating, Inc.

The final Plan payment is expected to be paid on 120 months after
the effective date.

A full-text copy of the Disclosure Statement dated Nov. 16, 2021,
is available at https://bit.ly/3oJellL from PacerMonitor.com at no
charge.

Attorney for the Plan Proponent:

     Susan M. Gray, Esq.
     Ohio Savings Bank Building
     22255 Center Ridge Road, Suite 210
     Rocky River, OH 44116
     Phone: (440) 331-3949
     Fax: (440) 331-8160
     Email: smgray@smgraylaw.com

                    About Don & Son Excavating

Don & Son Excavating, Inc. sought protection for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ohio Case No.
21-10548) on Feb. 18, 2021.  At the time of the filing, the Debtor
disclosed assets of between $100,001 and $500,000 and liabilities
of the same range.  Judge Arthur Harris oversees the case.  Susan
M. Gray Law Offices, Inc. serves as the Debtor's legal counsel.


DUCOMMUN INC: S&P Alters Outlook to Positive, Affirms 'B+' ICR
--------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' issuer credit rating on
Ducommun Inc. and revised the outlook to positive from stable. At
the same time, S&P affirmed its 'B+' rating on the company's
first-lien debt and revised the recovery rating to '3' from '4'.

The positive outlook reflects S&P's expectation that debt to EBITDA
will likely decline below 4x in the next 12 months and remain
there, even with likely acquisitions.

Strength in Ducommun's defense business and a recovering commercial
aerospace market are likely to improve Ducommun's credit ratios.
While the commercial aerospace recovery seems to be underway, it is
likely to be years before sales to that market return to 2019
levels. Since the start of the pandemic, Ducommun has shifted to
more defense work, with commercial aerospace only accounting for
24% of year-to-date revenue, down from about 50% pre-pandemic.
Although the defense budget is no longer growing, the company has
won a number of new contracts and can still see potential growth in
areas such as hypersonics, electronic warfare, and unmanned aerial
vehicles.

The company took some cost-cutting measures during the height of
the pandemic, which we believe it can sustain even as higher
volumes lead to better EBITDA margins. Ducommun quickly reduced its
labor force before the pandemic because of delays with Boeing's 737
MAX and continued to make cuts when the pandemic hit. While a large
portion of the labor cuts will need to be added back as business
ramps up, the company was also able to find some operating
efficiencies during the pandemic that will continue to reduce
costs.

The company is likely to pursue revenue growth through
acquisitions. Ducommun could look toward acquisitions particularly
in the military and space side of the business as it continues to
grow its defense operations relative to commercial aerospace. While
this would likely improve revenues and EBITDA, significant
acquisitions could also limit credit ratio improvement if the cost
exceeds free cash flow and requires additional debt.

S&P's positive outlook on Ducommun reflects our expectation that
debt to EBITDA will decline below 4x in the next 12 months as
earnings and cash flow continue improving, even with likely
acquisitions.

S&P could raise its rating on Ducommun if debt to EBITDA declines
below 4x and free operating cash flow to debt increases above 5%
for an extended period. This occur if:

-- The military and space businesses remain strong while
commercial aerospace continues to improve as expected;

-- EBITDA margins increase due to an improved cost structure; or
The company uses excess cash flow to repay debt and does not pursue
any large debt financed acquisitions.

S&P could revise the outlook to stable if it expects debt to EBITDA
to remain above 4x or if free cash flow turns negative. This could
occur if:

-- Commercial aerospace remains weak for longer than expected;
Defense spending is below our expectations; or

-- The company takes on additional debt to fund a large
acquisition.



ES1 LLC: Case Summary & 3 Unsecured Creditors
---------------------------------------------
Debtor: ES1, LLC
        4700 36th Ave SW
        Seattle, WA 98126

Business Description: ES1, LLC

Chapter 11 Petition Date: November 19, 2021

Court: United States Bankruptcy Court
       Western District of Washington

Case No.: 21-12109

Judge: Hon. Christopher M. Alston

Debtor's Counsel: Larry B Feinstein, Esq.
                  LARRY B FEINSTEIN, PS
                  2033 6th Ave, Suite 251
                  Seattle, WA 98121
                  Tel: 206-223-9595
                  Fax: 206-386-5355
                  Email: 1947feinstein@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Eric Shibley as manager.

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/JT5QBPQ/ES1_LLC__wawbke-21-12109__0001.0.pdf?mcid=tGE4TAMA


EVERCOMMERCE SOLUTIONS: Moody's Alters Outlook on B1 CFR to Neg.
----------------------------------------------------------------
Moody's Investors Service affirmed EverCommerce Solutions Inc.'s B1
corporate family rating and B1-PD probability of default rating.
Concurrently, Moody's affirmed the B1 rating on the company's
senior secured first lien credit facility, comprised of a $190
million revolver and a term loan which EverCommerce plans to upsize
to $550 million, while also maintaining the speculative grade
liquidity rating ("SGL") of SGL-1. The ratings outlook was revised
to negative from stable.

The outlook revision follows recent announcements of the issuer's
$182.5 million DrChrono Inc. ("DRChrono") acquisition (as well as
related financing for this transaction) and the $200 million
upsizing of EverCommerce's existing term loan [1]. Collectively,
while the DrChrono asset purchase will bolster EverCommerce's
product capabilities in its EverHealth segment, gross LTM debt
leverage will increase by over 1x to nearly 6x (Moody's adjusted),
increasing credit risk and demonstrating the company's willingness
to continue to pursue aggressive financial policies.

Affirmations:

Issuer: EverCommerce Solutions Inc.

Corporate Family Rating, Affirmed B1

Probability of Default Rating, Affirmed B1-PD

Senior Secured 1st Lien Revolving Credit Facility, Affirmed B1
(LGD3)

Senior Secured 1st Lien Term Loan, Affirmed B1 (LGD3)

Outlook Actions:

Issuer: EverCommerce Solutions Inc.

Outlook, Changed To Negative From Stable

RATINGS RATIONALE

EverCommerce's B1 CFR is constrained by the company's high pro
forma trailing debt leverage approaching 6x (Moody's adjusted for
operating leases) and the potential for material customer losses
due to intensifying competitive pressures or macroeconomic
cyclicality. Additionally, EverCommerce Inc. is majority owned by
Providence Strategic Growth ("PSG") and Silver Lake Alpine ("SLA"),
which presents risks with respect to the potential for aggressive
financial strategies including debt funded acquisitions which may
constrain deleveraging. The company's credit quality is supported
by a solid presence within its target markets and healthy secular
long term growth prospects fueled by accelerating adoption of
digital technologies by SMBs to enhance customer marketing,
billing, payment processing, and overall operational effectiveness.
The company's primarily subscription-driven business model and
highly diversified client base contribute to EverCommerce's healthy
revenue predictability and the potential for improving free cash
flow generation. Moody's expects EverCommerce to realize organic
revenue growth exceeding 10% along with solid EBITDA growth over
the next 12-18 months.

The B1 ratings for EverCommerce's first lien bank debt reflect the
borrower's B1-PD PDR and a loss given default ("LGD") assessment of
LGD3. The B1 first lien ratings are consistent with EverCommerce's
CFR as these debt instruments account for the preponderance of the
overall entity's pro forma debt structure.

EverCommerce's very good liquidity, as indicated by the SGL-1
rating, is principally supported by a pro forma cash balance of
approximately $75 million. Moody's expects the company to generate
modest free cash flow in FY21, but expects this metric to exceed
10% of total debt in FY22. The company's liquidity is also
supported by Moody's expectation of full availability (pro forma
for term loan upsizing and revolver repayment) under EverCommerce's
$190 million revolving credit facility. While the term loans are
not subject to financial covenants, the revolving credit facility
has a springing covenant based on a maximum net first lien leverage
ratio of 7.5x (with no step-downs) which the company should be
comfortably in compliance with over the next 12-18 months.

The negative outlook reflects the risk that EverCommerce will
continue to engage in debt financed acquisitions to bolster its
scale and product capabilities which could result in debt to EBITDA
being sustained above 5x. The outlook could be revised to stable if
EverCommerce demonstrates a shift to a less aggressive financial
strategy and demonstrates strong operating performance such that
Debt/EBITDA is expected to contract to below 5x on a sustained
basis.

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

Albeit unlikely in the near term, the rating could be upgraded if
EverCommerce generates meaningful revenue growth and expands
profitability margins while adhering to a conservative financial
policy with declining private equity ownership, maintaining very
good liquidity, and sustaining debt/EBITDA (Moody's adjusted) below
3.5x.

The rating could be downgraded if EverCommerce were to experience
weakening operating performance or the company maintains aggressive
financial policies such that debt/EBITDA (Moody's adjusted) is
sustained above 5x and annual free cash flow to debt is sustained
below 10%.

The principal methodology used in these ratings was Software
Industry published in August 2018.

EverCommerce, majority-owned by PSG and SLA, provides SaaS-based
integrated solutions for business management, billing, payment
processing, customer engagement and marketing principally for SMBs
globally. Moody's forecasts that the company will generate sales of
approximately $585 million in 2022.


EVOQUA WATER: S&P Alters Outlook to Positive, Affirms 'B+' ICR
--------------------------------------------------------------
S&P Global Ratings revised its outlook to positive from stable and
affirmed all ratings, including its 'B+' issuer credit rating, on
Evoqua Water Technologies Corp.

S&P said, "The positive outlook indicates we could raise our
ratings over the next 12 months if the company maintains good
profitability and S&P Global Ratings-adjusted debt to EBITDA less
than 4x, as we forecast.

"If Evoqua maintains solid profitability as we forecast, that could
enhance our view of its business risk. We believe Evoqua's segment
realignment and outsourced water strategy will continue to drive
stable profitability, as in fiscals 2020 and 2021. Before 2020,
restructuring and other nonrecurring items significantly reduced
S&P Global Ratings-adjusted EBITDA. We believe the company's
emphasis on outsourced water in its Integrated Solutions and
Services (ISS) segment and expansion of its Applied Product
Technologies (APT) technology portfolio favorably position the
company within its addressable market. We thus expect significant
restructuring and realignment activities will be unnecessary.
Furthermore, COVID-19 pandemic-related restrictions and uncertainty
had a smaller impact on Evoqua's profitability in fiscal 2021 than
we anticipated. We now expect S&P Global Ratings-adjusted EBITDA
will remain near the upper end of the 11%-18% range we consider
average for manufacturers, which could enhance our view of the
company's business risk.

"Relatively stable S&P Global Ratings-adjusted EBITDA generation of
roughly $250 million or higher could also support a higher rating.
Seasonality and capital projects will continue to cause moderate
fluctuations in volume and profitability from quarter to quarter.
However, on a 12-months basis, we expect the take-or-pay component
of Evoqua's long-term contracts will continue to provide demand
visibility and stabilize profitability. We believe customers
increasingly prefer remote 24/7 monitoring and preventative
maintenance of water systems for higher performance. The company's
increased ability to efficiently schedule preventative maintenance
decreases its labor cost. However, while we expect Evoqua can fully
offset inflation with commensurate price rises, higher organic
growth in an inflationary environment could prevent S&P Global
Ratings-adjusted margins from expanding over the next 12 months.

"Demand will likely be moderate but steady, contributing--along
with price increases--to mid-single-digit percent organic growth.
We believe manufacturing and other industrial investment drives
Evoqua's growth. As pandemic-related uncertainty decreases over the
next 12 months, we expect investment to increase, including for
wastewater purification and recycling/reuse. Wastewater
purification and recycling/reuse combined represent about 60% of
ISS revenue, 40% for processed water, and we believe investment in
more complex water purification systems will continue. Although
perfluoroalkyl and polyfluoroalkyl substances (PFAS) remediation
represents a limited revenue opportunity over the next 12 months,
regulatory focus highlights the importance of environmental
concerns.

"We believe Evoqua's financial policy can support a higher rating.
The company could increase leverage modestly for an acquisition,
but we expect it will generally remain below 4x, including
acquisitions and shareholder rewards. We forecast the company will
continue to pursue small tuck-in acquisitions, rather than larger
transactions.

"The positive outlook indicates we could raise our ratings over the
next 12 months if Evoqua maintains higher profitability, as we
forecast, and S&P Global Ratings-adjusted debt to EBITDA less than
4x."

S&P could raise its ratings on Evoqua if it believes:

-- S&P Global Ratings-adjusted debt to EBITDA will remain below
4x, including acquisitions and shareholder rewards;

-- Demand for the company's wastewater and processed water
treatment and products will remain robust; and

-- The company will maintain solid EBITDA margin consistent with
our forecast and its recent performance.

S&P could revise the outlook back to stable if it expects:

-- Demand or profitability will weaken significantly; or

-- Leverage will rise above 4x on a sustained basis.



EXPRESS GRAIN: Taps Law Offices of Craig M. Geno as Counsel
-----------------------------------------------------------
Express Grain Terminals, LLC and its affiliates seek approval from
the U.S. Bankruptcy Court for the Northern District of Mississippi
to employ the Law Offices of Craig M. Geno, PLLC to serve as legal
counsel in their Chapter 11 cases.

The firm's services include:

   (a) advising and consulting with the Debtors regarding questions
arising from certain contract negotiations that may occur during
the operation of their business;

  (b) evaluating and objecting to claims of creditors who may
assert security interests in the Debtors' assets and who may seek
to disrupt the continued operation of the Debtors' business;

   (c) appearing in, prosecuting, or defending suits and
proceedings;

   (d) representing the Debtors in court hearings and assisting in
the preparation of contracts, reports and legal documents;

   (e) advising and consulting with the Debtors in connection with
any reorganization plan, which may be proposed in their Chapter 11
proceedings; and

   (f) performing other necessary legal services.

The firm's hourly rates are as follows:

     Partners       $400 per hour
     Associates     $250 per hour
     Paralegals     $195 per hour

The Law Offices of Craig M. Geno will be paid a retainer in the
amount of $33,000 and reimbursed for out-of-pocket expenses
incurred.

Craig Geno, Esq., a partner at the Law Offices Of Craig M. Geno,
disclosed in a court filing that his firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Craig M. Geno, Esq.
     Law Offices Of Craig M. Geno, PLLC
     587 Highland Colony Parkway
     Ridgeland, MS 39157
     Tel: (601) 427-0048
     Email: cmgeno@cmgenolaw.com

              About Express Grain Terminals

Greenwood, Mississippi-based Express Grain Terminals, LLC, produces
soy products such as oil and biodiesel.

Express Grains Terminals and its affiliates, Express Biodiesel, LLC
and Express Processing, LLC, sought Chapter 11 protection (Bankr.
N.D. Miss. Lead Case No. 21-11832) on Sept. 29, 2021.  At the time
of the filing, Express Grains Terminals listed up to $50 million in
assets and up to $100 million in liabilities.  Judge Selene D.
Maddox oversees the cases.

The Law Offices of Craig M. Geno, PLLC, is the Debtors' legal
counsel.

UMB Bank, N.A., the Debtors' lender, is represented by Spencer Fane
LLP.


FLOOR-TEX COMMERCIAL: Voluntary Chapter 11 Case Summary
-------------------------------------------------------
Debtor: Floor-Tex Commercial Flooring, LLC
        1300 S Frazier St Ste 424
        Conroe, TX 77301-4447

Business Description: Floor-Tex Commercial Flooring specializes in
                      residential and commercial flooring
                      contracting.

Chapter 11 Petition Date: November 19, 2021

Court: United States Bankruptcy Court
        Southern District of Texas

Case No.: 21-33751

Judge: Hon. Eduardo V. Rodriguez

Debtor's Counsel: Reese Baker, Esq.
                  BAKER & ASSOCIATES
                  950 Echo Ln Ste 300
                  Houston, TX 77024-2824

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Doris Springer, chief executive
officer.

The Debtor failed to include in the petition a list of its 20
largest unsecured creditors.

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

https://www.pacermonitor.com/view/FP6RR6I/Floor-Tex_Commercial_Flooring__txsbke-21-33751__0001.0.pdf?mcid=tGE4TAMA


FORD MOTOR: S&P Alters Outlook to Positive, Affirms 'BB+' ICR
-------------------------------------------------------------
S&P Global Ratings revised its outlook on Ford Motor Co. and its
subsidiary Ford Motor Credit Co. LLC (Ford Credit) to positive from
negative and affirmed its 'BB+' issuer ratings on both companies.

The positive outlook reflects the increased likelihood that S&P
could consider an upgrade within the next 12 to 18 months given its
improved track record of operational execution supporting healthier
free cash flow and strong liquidity amid supply bottlenecks and
inflationary conditions.

Ford Motor Co.'s earnings and cash flow for 2022 and 2023 will
likely be better than our prior forecasts. S&P expects the
company's ongoing cost-reduction programs, favorable product
pricing, and working capital improvements (leaner inventories) will
support free operating cash flow (FOCF) to debt of well above 15%
(compared to our 10% downside trigger) in 2022 after a large
automotive free cash outflow (excluding dividends from its captive
finance subsidiary) in 2021. These positives could offset a large
portion of inflation risks, mostly associated with aluminum, steel,
and precious metals. S&P said, "Additionally, we anticipate ongoing
carbon dioxide compliance costs, high R&D expenses along with
higher manufacturing and advertising costs as production and
dealership inventory levels normalize. After incorporating these
costs, we now expect Ford's EBITDA margins (including mobility,
restructuring outflows and standard S&P Global Ratings-adjustments)
to be in the 7.0%-7.5% range in 2022 (compared with our prior
base-case assumption of about 6.0%) and 8.0%-9.0% in 2023.
Operational improvements globally, including reduced warranty
expense and lower structural costs, increase the likelihood that
Ford will achieve its stated 8% EBIT margin target (which excludes
special items) by 2023."

The company's recent launches in North America (including the
all-electric Mustang Mach E, the 2021 F-150 Super Duty, and the
Bronco Sport) went smoothly and its margin performance on its core
truck models remains strong. Ford appears on track to deliver on
its European profit targets after lowering its annual structural
costs by $1.1 billion in 2020. The company's restructuring of its
loss-making South American operations has shifted the business
toward a more profitable asset-light model. In China, despite the
recent improvement in its performance toward breakeven levels, on
the increased localization of its products and recent launches, S&P
does not expect it to report significant profits until 2023
assuming it regains some market share and avoids missteps in the
electric vehicle (EV) segment in this critical market.

Ford's management team has made strides in addressing core
operating issues and recent significant investments toward
electrification have adequately positioned it for the future. S&P
said, "Following significant investments, including global redesign
costs (cash impact $7 billion; EBIT impact $11 billion) between
2018-2022+, we have seen some tangible improvements in margins
across regions. These stem from reduced capacity, headcount, less
complexity, and purchasing related savings. In recent quarters we
also observed improved warranty performance, with lower costs
year-over-year. The company's focus on refreshing its product
portfolio should enable steady pricing in 2022 even when supply
normalizes in the second half. A key credit risk for legacy
automakers over the next decade will be managing the transition to
electric vehicles, which will be cash flow dilutive at least until
2025. We believe so far, Ford has made adequate investments in
North American capacity and vertical integration to leverage its
scale (reduced battery cost and lower bill of material) once EV
adoption rates pick up in the U.S. to over 15% by 2025, per S&P
Global estimates. Ongoing pressure from regulatory costs in Europe
will continue, but we do not assume material penalties in our base
case." Moreover, Ford's ongoing efforts to share costs and
expertise on design and engineering with Volkswagen AG--including
access to Volkswagen's modular electric drive platform--will help
somewhat reduce the burden of investments in mobility and
electrification over the next three to five years.

S&P said, "We anticipate Ford's cash balances will remain above its
stated target of $20 billion over the next 12 months.Positive free
cash flow and cash dividends from Ford Credit, stemming from strong
auction values (albeit moderating) will provide it with some
cushion to withstand ongoing production disruption over the next 12
to 18 months. The company's strong automotive liquidity ($31.5
billion cash and over $47 billion in total liquidity at Sept. 30,
2021) provides some support to the rating. Ford recently issued
$2.5 billion unsecured debt (green bonds) due 2032 and also
commenced cash tender offers for up to $5 billion of its existing
unsecured debt across multiple tranches. The issuance and potential
debt reduction have no material effect on Ford's debt leverage
because we already net most of its accessible cash. However, we
anticipate the company will realize significant cumulative interest
rate savings following the repayment of its higher-cost debt, which
will improve its cash flow adequacy somewhat over the new few
years. We expect Ford to allocate a significant majority of these
proceeds to its North American projects by the end of 2022."

Ford has consistently demonstrated top-tier operating performance
at captive finance subsidiary Ford Motor Credit Co. LLC (FMCC)
through a variety of market conditions and competitive challenges.
S&P said, "We believe FMCC's good track record in offering seamless
financing to support sales strengthens Ford's competitive
advantage. Other positive credit considerations include strong
global credit loss metrics, a well-managed lease mix with
below-industry-average exposure to residuals, and our expectation
for limited balance sheet growth, supporting strong cash
distributions to the parent. Our assessment of the asset and
leverage risk of FMCC incorporates its excellent asset quality. We
assume the company's net loss ratio will remain below 1% during
next 18 to 24 months. FMCC's leverage, measured as debt to equity,
was 8.7x as of Sept. 30, 2021. We expect FMCC to maintain leverage
below 10x per our calculation, which translates to 8x-9x based on
FMCC's calculation. A positive credit consideration is a lease mix
with below-industry-average exposure to residuals. FMCC remains
disciplined in managing lease penetration at about 20%, well below
industry levels."

The positive outlook reflects at least a one-in-three chance of an
upgrade due to sustained recovery in cash flow adequacy metrics in
2022 and 2023 as ongoing industry supply chain issues gradually
abate, albeit with inflationary headwinds.

An upgrade could occur if Ford sustained its strong performance in
North America, ongoing improvements in Europe, and a marginal
recovery in China, such that FOCF to debt (excluding FMCC dividends
and including our standard adjustments) approaches 25% on a
sustained basis after negative cash flows in 2018-2021. At the same
time S&P would expect Ford to demonstrate progress in their
electrification strategy with an improved battery electric vehicle
(BEV) mix globally without meaningful cost overruns. S&P would also
expect EBITDA margins to recover towards 8% by 2023 in this
scenario, which would support FOCF to sales of over 2%.

S&P could revise the outlook to stable if industry volume recovery
is softer than expected and inflationary headwinds limit profits,
or if product pricing falls faster than expected from currently
high levels. In this scenario, EBITDA margins would appear unlikely
to approach 8% on a sustained basis or if FOCF to debt in 2022 and
2023 is unlikely to approach 25%.

Ford is one of the world's largest automakers based on unit sales,
with about 4.5 million vehicle sales worldwide in 2020 (including
light trucks and sales from unconsolidated affiliates) and a global
market share of 5.8%. Ford focuses on two brands: Ford and Lincoln.
It also provides retail and dealer financing, leases, and insurance
through its wholly owned FMCC subsidiary. To expand its business
model, Ford is adequately investing in emerging opportunities
involving electrification, autonomy, and mobility.

S&P said, "Ford's performance in 2020 and so far in 2021 was
somewhat better than we had expected due to increased pricing and
lower costs, which helped offset the effects of the severe drop in
volume earlier in the year on its margin. We expect improved credit
metrics for 2022 and 2023 on recovery from the pandemic, improved
volumes, newer products, ongoing cost efficiencies, and benefits
from restructuring. Slower-than-expected recovery in global light
vehicle demand as well as prolonged semiconductor shortages beyond
the second half of 2022 will limit Ford's EBIT margin and free cash
flow expansion in 2022-2023."

Assumptions

-- Real GDP growth in the U.S. will be about 5.7% in 2021, 4.1% in
2022 and 2.5% in 2023, in Europe about 5.1% in 2021, 4.5% in 2022,
and 2.2% in 2023.

-- Global light vehicle sales recovering 4%-6% in 2022 and over 6%
in 2023 after a tempered recovery in 2021 due to semi-conductor
chip shortages post pandemic.

-- New product launches—along with better fuel efficiency,
higher perceived safety for trucks, and steady incentives—will
support the company's product mix in favor of trucks.

-- Ford's automotive revenue growth will likely be 10%-15% in
2022, somewhat above our volume growth estimates for the U.S,
mostly due to some pricing benefits for most of 2022. Further, we
expect revenue growth in the low- to mid-single-digit percentage
area beyond 2022.

-- Ford's EBITDA margins (including mobility, restructuring
outflows and standard S&P Global Ratings-adjustments) to be in the
7.0%-7.5% range in 2022 (compared with our prior base-case
assumption of about 6.0%) and 8.0%-9.0% in 2023.

-- Working capital inflows of $300 million for 2021 and outflows
in the range of $600 million to $1 billion thereafter

-- Capital expenditures of $6 billion to $7 billion for 2021,
increasing to $7 billion to $8 billion for 2022 and 2023

-- Cash dividends of $300 million for 2021 increasing to over $1.5
billion for 2022 with another increase in 2023

-- Other major cash uses in our forecast include acquisitions,
direct investments for vertical integration related to BEV's and
other BEV initiatives.

S&P said, "We continue to assess Ford's liquidity as strong. We
believe our ratings on Ford would likely be unchanged through a
moderate industry downturn if it maintains at least $20 billion
automotive cash and we believe a turnaround is underway. Ford's
long-term target for total automotive liquidity (cash and credit
facility availability) is above $20 billion for the next two years,
reflecting prudent financial risk management.

"Per our base-case forecast, Ford's automotive cash will likely
remain above its target of $20 billion. Our assessment also takes
into account the automotive business' potentially substantial use
of cash from working capital during production declines in an
economic downturn. We believe the company's sources-to-uses ratio
will remain above 5.0x over the next 12 to 18 months and that it
can withstand a high-impact, low-probability event such as a large
recall or a severe automotive downturn."

Principal liquidity sources

-- Automotive gross cash of $31 billion as of Sept. 30, 2021, with
total available liquidity of about $47 billion.
-- Automotive funds from operations of about $10 billion to $12
billion each year.

Principal liquidity uses

-- Capex of $6 billion to $8 billion per year.

-- Ongoing payments to service its automotive debt and other
long-term obligations over the next year.

-- Dividends of around $1.5 billion to $2.5 billion per year

S&P said, "Funding and liquidity at the captive support Ford's
strong liquidity. The captive subsidiary's diverse funding sources
and good relationships with the financial market afford it solid
stand-alone liquidity and support the parent's strong liquidity.
FMCC's funding and liquidity are neutral to our overall liquidity
assessment for Ford. Additionally, we expect FMCC to transfer funds
to its parent in difficult periods, which may bolster Ford's
liquidity--as evidenced by significant distributions of roughly $9
billion combined for 2020 and 2021. Ford effectively matches the
duration of its assets and liabilities and does not rely
significantly on short-term debt. The company funds 35%-40% of its
managed receivables through the wholesale funding markets,
especially the securitization markets, to fund its automotive
finance business. We believe this market is functioning well.

"We expect Ford to remain well in compliance with its revolving
credit facility covenant that requires a minimum of $4 billion in
aggregate domestic cash, cash equivalents, loaned and marketable
securities, and/or availability under the facility."

Group Rating Methodology

S&P said, "We apply group rating methodology to Ford's rated
captive finance subsidiaries as core subsidiaries and equalize the
ratings on them with our rating on Ford. Ford has a proven captive
strategy. It is the only U.S.-based automaker to have retained a
wholly owned captive finance subsidiary through the market downturn
in 2009. FMCC also has a support agreement with Ford, which
requires Ford to make capital contributions to FMCC if FMCC's net
debt to equity is above 11.5x. The ratings also reflect FMCC's
strong credit profile, consistent operating performance, superior
asset quality adequate liquidity and risk-adjusted
capitalization."

Captive Modifier - Neutral

S&P said, "We assess Ford's captive finance risk modifier as
neutral, which has no impact on the rating. Ford's captive has
modest exposure to residual value through its operating lease
assets. We expect FMCC will remain disciplined in managing lease
penetration at about 20%. We favorably view the company's overall
leasing exposure as it is well below that of General Motors
Financial Co. Inc.'s about 50% and the industry average of about
30%.

"FordMotor Co.'s unsecured debt is rated the same as the issuer
credit rating. We typically cap our recovery ratings on the
unsecured debt of issuers we rate in the 'BB' category at '3'.

The below recovery analysis and resultant issue-level ratings
pertains to unsecured debt issued by Ford Motor Co. and not Ford
Motor Credit. Nevertheless, investors should note as a
speculative-grade credit, debt issued out of Ford Motor Credit is
subject to certain rules in our issue credit methodology that did
not apply when it was investment-grade. In 2021, as FMCC has issued
more secured debt than unsecured debt, which could worsen its
unencumbered-assets-to-unsecured ratio temporarily below 1x. If
this ratio falls below 1x on a sustained basis, the unsecured debt
at FMCC will likely be rated 'BB', a notch below the 'BB+' issuer
credit rating.

S&P said, "Our hypothetical default scenario contemplates a default
in 2026 amid a severe downturn, aggressive competition from new and
existing competitors, and a loss of market share. We believe if
Ford were to default, it would still have a viable business model
because of continued demand for its light and commercial vehicles,
global network of dealerships, and strong brand awareness. For this
reason, we expect Ford to reorganize and emerge with significant
value. In addition, we would not expect foreign operations to be
included in the reorganization.

"We value the company on an enterprise value basis and estimate an
emergence EBITDA of about $6.4 billion. We apply a 5.5x EBITDA
multiple--a turn above what we use for most auto suppliers--to
arrive at a gross enterprise value of $31 billion at emergence.
Ford, in our view, would be positioned to benefit from the
increasing demand for EVs, given its product roadmap and
partnerships with other automakers."

-- Simulated year of default: 2026

-- EBITDA at emergence: $6.4 billion

-- EBITDA multiple: 5.5x

-- Net enterprise value (after 5% administrative costs): $29.4
billion

-- Valuation split (obligors/nonobligors): 85%/15%

-- Priority claims: $0

-- Total value available to unsecured claims: $28.9 billion

-- Senior unsecured debt/pari passu unsecured claims: $34.99
billion/$2.7 billion

    --Recovery expectations: 50%-70%; rounded estimate: 65%

All debt amounts include six months of prepetition interest.
Collateral value equals assets pledged from obligors after priority
claims plus equity pledged from nonobligors after nonobligor debt.



FORMETAL COMPANY: Amends Landlord Waiver & Access Agreement
-----------------------------------------------------------
The Formetal Company, LLC, submitted a First Modification to
Amended and Restated Plan of Reorganization dated November 16,
2021.

The Debtor modifies the Plan in accordance with Sec. 1193(a) of
Chapter 11 of Title 11 of the United States Code.  The changes do
not materially or adversely affect the rights of any parties in
interest which have not had notice and an opportunity to be heard
with regard thereto.

The Plan, and specifically (a) Article 4, Section 4.5, Class 5 and
(b) Article 4, Section 4.7, Class 7 of the Plan, is amended to
incorporate the Landlord Waiver and Access Agreement ("Waiver and
Access Agreement").

The Landlord Waiver and Access Agreement is made and entered into
effective as of December 1, 2021 between United Community Bank, a
South Carolina state chartered Bank ("Lender") and Two Many
Lawyers, LLC, a Georgia limited liability company ("Landlord"), and
affects that real property commonly known as 239 Third Street,
Forest Park, Georgia 30297 (the "Premises").

The Landlord represents, covenants and agrees with Lender as
follows:

     * The Landlord agrees that certain of the Personal Property
may have been or may be installed in, and/or affixed to the
Premises and such Personal Property shall not be deemed to be
fixtures of the Premises but shall be considered Personal Property
of the Debtor subject to Lender's security interest, as long as it
is not real estate fixtures constituting part of the basic
mechanical systems of the Premises such as HVAC, plumbing and
electrical systems.

     * The Landlord waives and releases in favor of Lender and its
assignees.

     * The Landlord hereby disclaims any interest in the Personal
Property and agrees to assert no claim to the Personal Property
while Debtor is indebted to Lender or its assignee.

     * To the extent necessary, the Landlord consents to Lender's
security in the Personal Property and agrees that should Lender or
its assignee exercise any rights against the Personal Property, the
Landlord will not interfere with enforcement of the rights
thereunder, provided Lender does nothing to adversely affect
Landlord, Landlord's rights or the Property.

     * This Landlord Waiver and Access Agreement shall continue
until such time as all of Borrower's obligations to the Lender have
been indefeasibly paid in full and have been fully performed.

     * The terms and provisions of this Agreement shall inure to
the benefit of and be binding upon the successors and assigns of
Landlord and Lender. Landlord agrees that Lender may assign its
security interest in the Personal Property and its rights and
obligations under this Agreement without the consent of the
Landlord. Landlord specifically acknowledges and agrees that, in
connection with any refinancing of any loans to Borrower, Lender
may assign this Agreement to a new lender or lenders extending such
financing (the "New Lenders"), in which event this Agreement shall,
without further action by any party, be enforceable by the New
Lenders. The Landlord agrees, upon request by the New Lenders, to
execute and deliver a written acknowledgment confirming the
provisions in form satisfactory to the New Lenders.

A full-text copy of the First Modification to Amended and Restated
Plan of Reorganization dated Nov. 16, 2021, is available at
https://bit.ly/3x7nXuv from PacerMonitor.com at no charge.

Attorneys for Debtor:

     Leslie M. Pineyro, Esq.
     Jones & Walden LLC
     699 Piedmont Avenue, NE
     Atlanta, GA 30308
     Tel: (404) 564-9300
     Email: cmccord@joneswalden.com

                    About The Formetal Company

The Formetal Company, LLC, is a Forest Park, Ga.-based company that
manufactures and distributes cold formed light gauge steel framing
used in the commercial construction of all types of buildings as
well as manufacturing companies.  

Formetal Company filed a Chapter 11 petition (Bankr. N.D. Ga. Case
No. 21-55029) on July 3, 2021.  Robert H. Boyd, manager, signed the
petition.  At the time of the filing, the Debtor disclosed $1
million to $10 million in both assets and liabilities.  Jones &
Walden, LLC, is the Debtor's legal counsel.


FREDERICK LLC: Wins Cash Collateral Access Thru Jan 2022
--------------------------------------------------------
The U.S. Bankruptcy Court for the District of Massachusetts has
authorized The Frederick, LLC to use cash collateral on a final
basis under the same terms and conditions through January 6, 2022.

A hearing on the Debtor's further use of cash collateral is set for
January 6 at 10:00 a.m.; the hearing will be conducted
telephonically; parties may participate by dialing 888-363-4734,
and entering access code 496 4809 when prompted.

Counsel to the Debtor is ordered to submit to EDK@mab.uscourts.gov
a proposed order, in Word format, memorializing the remarks made
during the hearing held this date.

                     About The Frederick, LLC

The Frederick, LLC owns and operates the Kemble Inn, a
nine-guestroom mansion built in the 1880s, and Table Six, a fine
dining restaurant and bar, located in Lenox, Massachusetts.

It sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. D. Mass. Case No. 21-30240) on June 28, 2021. In the
petition signed by Scott M. Shortt, manager, the Debtor disclosed
up to $10 million in both assets and liabilities.

Judge Elizabeth D. Katz oversees the case.  Andrea M. O'Connor,
Esq., at Fitzgerald Attorneys At Law, P.C. is the Debtor's
counsel.



GENERATE LIFE: Moody's Puts B3 CFR Under Review for Upgrade
-----------------------------------------------------------
Moody's Investors Service placed the ratings of Generate Life
Sciences Inc. on review for upgrade following the announcement that
it will be acquired by The Cooper Companies (unrated). Ratings
placed on review for upgrade include the B3 Corporate Family
Rating, B3-PD Probability of Default Rating, and B2 rating of the
company's first lien senior secured term loan and revolver. The
rating outlook was revised to Ratings Under Review from Stable.

On November 10, 2021, the Cooper Companies announced that it plans
to acquire Generate for approximately $1.6 billion. The deal is
anticipated to close in the first quarter of 2022 and subject to
regulatory approval. Should Generate's debt be fully repaid at
close, Moody's will withdraw all of the ratings.
Moody's took the following action on Generate Life Sciences Inc.:

Issuer: Generate Life Sciences Inc.

Corporate Family Rating, Placed on Review for Upgrade, currently
B3

Probability of Default Rating, Placed on Review for Upgrade,
currently B3-PD

Gtd Sr Sec 1st Lien Term Loan, Placed on Review for Upgrade,
currently B2 (LGD3)

Gtd Sr Sec 1st Lien Revolving Credit Facility, Placed on Review
for Upgrade, currently B2 (LGD3)

Outlook Actions:

Issuer: Generate Life Sciences Inc.

Outlook, Changed To Rating Under Review From Stable

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

Excluding the ratings review, Generate's B3 Corporate Family Rating
reflects Moody's view that the company will operate with high
debt/EBITDA of more than 7x on a GAAP basis (under 6x on a cash
basis if adjusting for deferred revenues related to pre-paid
subscriptions) over the next 12-18 months. Generate also has a high
degree of earnings concentration within its stem cell storage
business. The rating is supported by good cash generation, high
cash-basis EBITDA margins, and Generate's strong market positions
in stem cell storage as well as the egg and sperm donor markets.
Generate's stem cell storage business, its largest segment,
provides generally stable and recurring revenue derived from annual
storage fees.

Governance is a key ESG consideration, as reflected in Generate's
current private equity ownership and high financial leverage.
Governance considerations will likely change under new ownership,
as Generate will become part of a much larger company. In addition,
social considerations include Generate's stem cell storage business
and risk around changing perceptions of the practical application
of their use in medical treatments.

The review for upgrade reflects Moody's expectation that, should
the acquisition by the Cooper Companies close, Generate's
outstanding debt will be repaid. It also takes into account that
Generate will become part of a larger company, benefitting from
greater scale and diversity. The review for upgrade also reflects
that regulatory approvals are required for the deal to close.

The principal methodology used in these ratings was Business and
Consumer Services published in November 2021.

Generate Life Sciences Inc. is the largest storage provider of
umbilical cord blood and tissue. In addition the company is a
leading private human egg and sperm bank in the US. GAAP Revenue
for the twelve months ended September 30, 2021 was $253 million.
The company is privately owned by GI Partners.


GLOBAL ENERGY: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Global Energy Services, LLC
        20 W. Aylesbury Road
        Timonium, MD 21093

Chapter 11 Petition Date: November 19, 2021

Court: United States Bankruptcy Court
       District of Maryland

Case No.: 21-17305

Judge: Hon. Nancy V. Alquist

Debtor's Counsel: Gary R. Greenblatt, Esq.
                  COON & COLE, LLC
                  305 W. Chesapeake Avenue
                  Suite 510
                  Towson, MD 21204
                  Tel: 410-244-8800
                  Fax: 410-825-5941
                  E-mail: grg@cooncolelaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Leah Fitzgerald as sole member.

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/HHW6WSA/Global_Energy_Services_LLC__mdbke-21-17305__0001.0.pdf?mcid=tGE4TAMA


GREEN PHARMACEUTICALS: Fine-Tunes Plan; Plan Confirmation Dec. 21
-----------------------------------------------------------------
Green Pharmaceuticals, Inc., submitted a Fourth Amended Disclosure
Statement as further revised November 16, 2021 describing Fourth
Amended Chapter 11 Plan.

The Bankruptcy Court has scheduled Dec. 21, 2021, at 11:30 a.m. to
determine whether or not to confirm the Plan.

The Bankruptcy Court has scheduled Nov. 30, 2021, as the deadline
to submit ballots to be counted as votes, and the deadline for
objecting to confirmation of the Plan.

This is a reorganizing plan.  The Debtor seeks to make payments
under a plan paying unsecured creditors either a dividend over
time.

Class 1 consists of the Secured claim of FC Marketplace (lender in
senior position) with $125,016 claim amount.  During the chapter 11
case, the guarantor, Dominique De Rivel has been making the monthly
payments to this creditor and lowering the balance to approximately
$79,000 as of Oct. 31, 2021.  When plan payments have been
completed, this creditor must promptly release of all liens
asserted against the Debtor.  The failure to do so promptly shall
constitute a violation of the proposed plan and the order
confirming the plan.

Class 2 consists of the secured claim of the U.S. Small Business
Administration (lender in junior position).  Loan in full at the
note amount of $500,000 plus interest. When plan payments have been
completed, this creditor must promptly release of all liens
asserted against the Debtor. The failure to do so promptly shall
constitute a violation of the proposed plan and the order
confirming the plan.

The Fourth Amended Disclosure Statement, as further revised, does
not alter the proposed treatment for unsecured creditors and the
equity holder:

     * Class 3 consists of General Unsecured Claims. The total
payout for all creditors in this class other than the Rosendez
class is at 4.6%. For the Rosendez class, the payout is 100% of the
agreed upon compromise. If Class 2 votes to accept the plan, then
it shall receive the distribution. If Class 2 votes to reject the
Plan, then the Debtor will move to cram down the Plan treatment.

     * Class 4 consists of Dominique and Christian De Rivel as 100%
holders of the Debtor's stock. If Class 2 votes to reject the Plan
and if the Court determines that the new value contribution the De
Rivels have made during the case and at the time of confirmation do
not constitute sufficient new value, then members of this class
will receive no distribution.

The Plan will be funded by the Debtor's business operation.

The Debtor anticipates having monies of $300,000 at the Plan's
Effective Date from an increase in an EIDL Loan. The Court approved
the Debtor's motion to increase A hearing on the Debtor's motion to
increase the amount of its EIDL loan to $500,000 from $150,000 and
the Court authorized the Debtor to spend $50,000 of the increased
sum on marketing and to segregate the balance of the funds,
$300,000 pending plan confirmation and further order of the Court.


A full-text copy of Fourth Amended the Disclosure Statement, as
further revised, dated Nov. 16, 2021, is available at
https://bit.ly/3DCUFqa from PacerMonitor.com at no charge.

Attorneys for Debtor:

     Steven R. Fox, SBN 138808
     W. Sloan Youkstetter, SBN 296681
     THE FOX LAW CORPORATION, INC.
     17835 Ventura Blvd., Suite 306
     Encino, CA 91316
     Tel: (818)774-3545
     Fax: (818)774-3707
     E-mail: srfox@foxlaw.com

                  About Green Pharmaceuticals

Green Pharmaceuticals, Inc. -- https://www.snorestop.com/ -- is a
privately held company in Camarillo, California offering its
flagship brand SnoreStop, an easy-to-use sprays and tablets that
help people to experience a good night's sleep.  SnoreStop the only
medically proven over-the-counter natural solution to snoring that
is not a device.

Green Pharmaceuticals, based in Camarillo, CA, filed a Chapter 11
petition (Bankr. C.D. Cal. Case No. 18-12087) on Dec. 19, 2018.  In
the petition signed by Dominique De Rivel, president and CEO, the
Debtor disclosed $380,735 in assets and $3,951,007 in liabilities.
The Hon. Deborah J. Saltzman oversees the case.  Steven R. Fox,
Esq., at The Fox Law Corporation, Inc., serves as bankruptcy
counsel.     


GREEN VALLEY: December 16 Plan & Disclosure Hearing Set
-------------------------------------------------------
On Nov. 12, 2021, Debtor Green Valley at ML Country Club, LLC filed
with the U.S. Bankruptcy Court for the District of New Jersey a
small business Plan and Disclosure Statement.

On Nov. 18, 2021, Judge Jerrold N. Poslusny, Jr. conditionally
approved the Disclosure Statement and ordered that:

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

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

     * Dec. 16, 2021 at 10:00 am at the United States Bankruptcy
Court, District of New Jersey, 400 Cooper Street Camden, NJ 08101,
in Courtroom 4C is the hearing for final approval of the Disclosure
Statement and for confirmation of the Plan.  

A copy of the order dated Nov. 18, 2021, is available at
https://bit.ly/3DCq77K from PacerMonitor.com at no charge.

Counsel for the Debtor:

   Robert N. Braverman, Esq.
   McDowell Law, PC
   46 W. Main Street
   Maple Shade, NJ 08052
   Telephone: (856) 482-5544
   Email: rbraverman@mcdowelllegal.com

              About Green Valley at ML Country Club

Green Valley at ML Country Club, LLC sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No.
21-11747) on March 3, 2021. In the petition signed by Louis Sacco,
managing member, the Debtor disclosed up to $50,000 in assets and
$1 million in liabilities.

Affiliate ML Country Club, LLC also sought Chapter 11 protection
(Bankr. D. N.J. Case No. 21-11745) on March 3, 2021.  ML Country
Club listed $1 million to $10 million in both assets and
liabilities on the Petition Date.  The cases are jointly
administered under Green Valley LLC at ML Country Club LLC

Judge Jerrold N. Poslusny, Jr. oversees the case.

Robert N. Braverman, Esq. at McDowell Law P.C. is the Debtor's
counsel.

Wilmington Savings Fund Society, FSB, as Lender, is represented by
Ballard Sphar, LLP.


HILMORE LLC: Jan. 12, 2022 Plan Confirmation Hearing Set
--------------------------------------------------------
On Nov. 5, 2021, Debtor Hilmore LLC filed with the U.S. Bankruptcy
Court for the Central District of California Second Amended
Disclosure Statement describing the Chapter 11 Plan of
Reorganization, which incorporated the changes required by the
Court.

On Nov. 16, 2021, Judge Sheri Bluebond approved the Second Amended
Disclosure Statement and ordered that:

     * Jan. 12, 2022, at 2:00 p.m. is the hearing to consider
confirmation of the Amended Plan.

     * Dec. 30, 2021, is fixed as the last day to submit Ballots
accepting or rejecting the Amended Plan.

     * Dec. 30, 2021, is fixed as the last day to file any
responses, oppositions, or objections to confirmation of the Plan.

     * Jan. 5, 2022, is fixed as the last day for the Debtor to
file file with the Court and serve on (i) counsel for the United
States Trustee; and (ii) any party who filed a response,
opposition, or objection to confirmation of the Plan, a memorandum
in support of confirmation of the Plan, a tabulation of the votes
on the Plan.

A copy of the order dated Nov. 16, 2021, is available at
https://bit.ly/3nzHa4V from PacerMonitor.com at no charge.

General Bankruptcy Counsel for the Debtor:

     Daniel J. Weintraub
     James R. Selth
     Crystle J. Lindsey
     WEINTRAUB & SELTH, APC
     11766 Wilshire Boulevard, Suite 1170
     Los Angeles, CA 90025
     Telephone: (310) 207-1494
     Facsimile: (310) 442-0660
     Email: crystle@wsrlaw.net

                        About Hilmore LLC

Hilmore LLC, a single asset real estate debtor (as defined in 11
U.S.C. Section 101(51B)), filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No.
21-12755) on April 5, 2021.  Shahrokh Javidzad, manager, signed the
petition.  At the time of the filing, the Debtor had between $1
million and $10 million in both assets and liabilities.  Judge
Sheri Bluebond presides over the case.  Weintraub & Selth APC
represents the Debtor.


HLH TIMBER: Unsecured Creditors Will Get 3% of Claims in 5 Years
----------------------------------------------------------------
HLH Timber Company, LLC, filed with the U.S. Bankruptcy Court for
the Eastern District of Texas a Plan of Reorganization dated
November 18, 2021.

The Debtor filed this case on August 20, 2021 to save the business
from aggressive collection efforts by lenders and to reorganize
itself and its debts. Debtor anticipates having sufficient income
to fund the plan and pay the creditors pursuant to the proposed
plan. Based upon the projections, the Debtor believes it can
service the debt to the creditors.

Class 4 consists of Secured Claims. These claims are impaired.
Allowed Secured Claims are secured by property of the Debtor's
bankruptcy estate (or that are subject to set-off). The following
class contains Debtor's secured pre-petition claim and the proposed
treatment under the Plan:

     * 4-1 American State Bank fka Texas State Bank filed a secured
claim (Claim No. 7) in the amount of $193,132.61. Debtor will pay
the full claim at the contract rate of 4.25% interest per annum in
monthly installments and the claim will be paid in full in 60 equal
monthly payments. The payments will be $3,578.66 per month with the
first monthly payment being due and payable 30 days after the
effective date, unless this date falls on a weekend or federal
holiday, in which case the payment will be due on the next business
day.

     * 4-2 Caterpillar Financial Services Corporation filed a
secured claim (Claim No. 9) in the amount of $169,170.32. This
claim is secured by a Prentice 2384D Log Loader and a KB50 Trailer.
Debtor will pay the fair market value of the collateral of
$93,200.00 at 5.25% interest per annum in monthly installments and
the claim will be paid in full in 60 equal monthly payments. The
payments will be $1,769.49 per month with the first monthly payment
being due and payable 30 days after the effective date, unless this
date falls on a weekend or federal holiday, in which case the
payment will be due on the next business day. The remaining
unsecured portion in the amount of $75,970.32 will be treated as a
general unsecured claim.

     * 4-3 Kubota Credit Corporation, U.S.A. did not file a proof
of claim. Debtor will pay the fair market value of the collateral,
a Kubota Bobcat SVL95-2SHFC, of $7,500.00 at 5.25% interest per
annum in monthly installments and the claim will be paid in full in
60 equal monthly payments. The payments will be $142.39 per month
with the first monthly payment being due and payable 30 days after
the effective date, unless this date falls on a weekend or federal
holiday, in which case the payment will be due on the next business
day. The remaining unsecured portion in the amount of $17,158.16
will be treated as a general unsecured claim.

     * 4-4 TD Auto Finance filed a secured claim (Claim No. 17) in
the amount of $71,311.85. Debtor will pay the fair market value of
the collateral, a 2020 Ford Raptor, of $55,000.00 at 5.25% interest
per annum in monthly installments and the claim will be paid in
full in 60 equal monthly payments. The payments will be $1,044.23
per month with the first monthly payment being due and payable 30
days after the effective date, unless this date falls on a weekend
or federal holiday, in which case the payment will be due on the
next business day. Any remaining unsecured portion will be treated
as a general unsecured claim.

Class 5 Claimant Secured Claims. These claims are impaired. Allowed
Secured Claims are secured by property of the Debtor's bankruptcy
estate (or that are subject to set-off) to the extent allowed as
secured claims under § 506 of the Code. The following class
contains Debtor's secured pre-petition claims and the proposed
treatment under the Plan.

     * 5-1 Shelby Savings Bank filed a secured claim (Claim No. 14)
in the amount of $35,793.99. This claim is secured by a 2015 Viking
Log Trailer VIN #2216, 2015 Viking Log Trailer VIN #2231, and a
2007 Viking Log Trailer #2966. The Debtor will pay the fair market
value of the collateral of $13,000.00 at 5.25% interest per annum
in monthly installments and the claim will be paid in full in 60
equal monthly payments. The payments will be $246.82 per month with
the first monthly payment being due and payable 30 days after the
effective date, unless this date falls on a weekend or federal
holiday, in which case the payment will be due on the next business
day. The remaining unsecured portion in the amount of $22,793.99
will be treated as a general unsecured claim.

     * 5-2 Shelby Savings Bank filed a secured claim (Claim No. 15)
in the amount of $334,176.99. This claim is secured by a 2008
Prentice Log Loader, 2005 Skidder, 2014 Freightliner, and 110.75
acre tract in Shelby County (owned by Heith Harper, principal of
the Debtor). The Debtor will pay the full amount of the claim at
5.25% interest per annum in monthly installments and the claim will
be paid in full in 60 equal monthly payments. The payments will be
$6,344.68 per month with the first monthly payment being due and
payable 30 days after the effective date, unless this date falls on
a weekend or federal holiday, in which case the payment will be due
on the next business day.

     * 5-3 Shelby Savings Bank filed a secured claim (Claim No. 16)
in the amount of $245,442.51. This claim is secured by a 2019
Weiler Feller Buncher and 2019 Weiler 221 Log Head. The Debtor will
pay the fair market value of the collateral of $66,250.00 at 5.25%
interest per annum in monthly installments and the claim will be
paid in full in 60 equal monthly payments. The payments will be
$1,257.82 per month with the first monthly payment being due and
payable 30 days after the effective date, unless this date falls on
a weekend or federal holiday, in which case the payment will be due
on the next business day. The remaining unsecured portion in the
amount of $179,192.51 will be treated as a general unsecured
claim.

Class 6 consists of General Allowed Unsecured Claims. These claims
are impaired. All allowed unsecured creditors shall receive a pro
rata distribution at zero percent per annum over the next 5 years
with the first monthly payment being due and payable 30 days after
the effective date, unless this date falls on a weekend or federal
holiday, in which case the payment will be due on the next business
day and continuing every year thereafter.

Nothing prevents Debtor from making monthly or quarterly
distributions, so as long as 1/5 of the annual distributions to the
general allowed unsecured creditors are paid by each yearly
anniversary of the confirmation date of the plan. Debtor will
distribute up to $12,777.90 to the Class 6 General Allowed
Unsecured creditor pool over the 5 year term of the plan. The
Debtor's Allowed Unsecured Claimants will receive 3% of their
allowed claims under this plan.

Class 7 consists of Special Unsecured Claims. These claims are
impaired. B1 Bank filed a proof of claim (Claim No. 6) in the
amount of $1,573,024.04. B1 Bank asserts it is fully secured by
Debtor's personal property including an extensive list of vehicles.
The Debtor believes it holds title to these vehicles, and any
vehicles which is does not hold title to, are secured by the first
lien of the original lender for the purchase of such vehicles or by
the U.S. Small Business Administration.

The Debtor proposes to pay B1 Bank's claim as a general unsecured
claim in the amount of $47,190.72 which is 3% of the total claim,
over five years at 0% interest per annum. The first monthly payment
will be due and payable after the effective date, unless this date
falls on a weekend or federal holiday, in which case the payment
will be due on the next business day. The monthly payment will be
$786.51. Nothing prevents Debtor from making monthly or quarterly
distributions, so as long as the required yearly distribution of
$9,438.14 is paid.

Class 8 Equity Interest Holders (Current Owners). These claims are
not impaired. The current owner will not receive payments under the
Plan, other than regular salary; however, they will be allowed to
retain their ownership in the Debtor.

Debtor anticipates the continued operations of the business to fund
the Plan.

A full-text copy of the Plan of Reorganization dated Nov. 18, 2021,
is available at https://bit.ly/3cwtnFZ from PacerMonitor.com at no
charge.

Debtor's Counsel:

     Robert Chamless Lane, Esq.
     The Lane Law Firm
     6200 Savoy Dr Ste 1150
     Houston,TX 77036-3369
     Tel: (713) 595-8200
     Email: notifications@lanelaw.com

                     About HLH Timber Company

Joaquin, Texas-based HLH Timber Company, LLC, a privately held
company that operates in the logging industry, filed its voluntary
petition for Chapter 11 protection (Bankr. E.D. Texas Case No. 21
90155) on Aug. 20, 2021.  Heith Harper, owner, signed the petition.
At the time of the filing, the Debtor disclosed total assets of up
to $1 million and liabilities of up to $10 million. Robert Chamless
Lane, Esq., The Lane Law Firm, represents the Debtor as legal
counsel.


HOUSE OF PRAYER: Case Summary & 6 Unsecured Creditors
-----------------------------------------------------
Debtor: House of Prayer to All Nations of the Pentecostal Faith,
Inc.
        5501 North Park Drive
        East Saint Louis, IL 62204

Business Description: House of Prayer to All Nations of the
                      Pentecostal is a tax-exempt religious
                      organization.

Chapter 11 Petition Date: November 19, 2021

Court: United States Bankruptcy Court
       Southern District of Illinois

Case No.: 21-30803

Debtor's Counsel: Steven M. Wallace, Esq.
                  GOLDENBERG HELLER & ANTOGNOLI, P.C.
                  2227 South State Route 157
                  Edwardsville, IL 62025
                  Tel: 618-656-5150
                  E-mail: steven@ghalaw.com

Estimated Assets: $50,000 to $100,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Anthony D. Pettiford Sr., pastor.

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/DGVNRBA/House_of_Prayer_to_All_Nations__ilsbke-21-30803__0001.0.pdf?mcid=tGE4TAMA


INTEGRATED GLOBAL: Reaches Deal on Continued Cash Access
--------------------------------------------------------
Integrated Global Concepts Medical Group, Inc. and JP Morgan Chase
Bank, N.A. have informed the U.S. Bankruptcy Court for the Central
District of California, Los Angeles Division, that they have
reached an agreement regarding the Debtor's use of cash collateral
and now wish to memorialize the terms of this agreement into an
agreed order.

The parties agree that on or about October 24, 2001, the Debtor
obtained a loan from Washington Mutual Bank, FA in the principal
amount of $448,000, the terms of which were evidenced by a
promissory note dated October 19, 2001. On September 25, 2008,
Chase acquired ownership of the Loan from the Federal Deposit
Insurance Corporation as receiver of WaMu. Based on the Debtor's
current understanding and belief, the Debtor owed Chase $201,220,
less any post-petition payments, pursuant to the terms of the Loan.
The Debtor also acknowledges and agrees that Chase has a first
priority security interest in the Subject Property with an interest
in rents and income generated from the Subject Property, pursuant
to a Multifamily Deed of Trust Assignment of Rents, Security
Agreement and Fixture Filing recorded on October 26, 2001 in the
Official Records of Los Angeles County, as instrument no.
01-2051993, which is incorporated by this reference. The Debtor
asserts that Chase is the only creditor with a security interest in
the Subject Property or its rents and income.

On August 11, 2021, the Debtor filed a Motion for Interim Use of
Cash Collateral in Relation to the Subject Property.

On August 31, 2021, the Debtor filed a Stipulation between Chase
and Debtor for Adequate Protection and Authorization to use Cash
Collateral on an Interim Basis. On September 1, 2021, the Court
entered an Order Approving the First Stipulation.

Since the filing of the First Stipulation, the Debtor has complied
with the terms of the First Stipulation and the Order.

The Debtor has requested the continued use of the cash collateral,
and Chase is willing to consent to such use of cash collateral upon
the admissions, agreements, terms and conditions contained in the
First Stipulation. The Parties agree that the terms of the First
Stipulation will continue to govern the continued use of cash
collateral and continued use of cash collateral, which will be
based on the Budget to the First Stipulation, on the same terms as
those set forth in the First Stipulation. On that basis, the
Parties request the Court approve the continued use of cash
collateral until March 1, 2022.

The hearing on the continued use of cash collateral set for
December 1 will be continued to March 1, 2021, or any other such
date as convenient for the Court's calendar.

A copy of the stipulation is available at https://bit.ly/2Z6TwYS
from PacerMonitor.com.

    About Integrated Global Concepts Medical Group, Inc.

Integrated Global Concepts Medical Group, Inc. sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case
No. 21-16329) on August 9, 2021. In the petition signed by Michael
Brenner, president and CEO, the Debtor disclosed up to $10 million
in both assets and liabilities.

Judge Sandra R. Klein oversees the case.

Vanessa M. Haberbush, Esq., at Haberbush, LLP is the Debtor's
counsel.



INTERSTATE UNDERGROUND: Wins Dec. 28 Plan Exclusivity Extension
---------------------------------------------------------------
Judge Dennis R. Dow of the U.S. Bankruptcy Court for the Western
District of Missouri, Western Division extended the periods within
which Interstate Underground Warehouse and Industrial Park, Inc.
has the exclusive right to file a plan and disclosure statement to
December 28, 2021, and to confirm the Plan to June 27, 2022.

A motion to employ Erlene W. Krigel and Krigel and Krigel, P.C. as
the Debtor's attorneys, were filed with the Court on October 22,
2021 and the Court has not yet approved.

Further, several members of the former law firm retained by the
Debtor have just filed Motions to withdraw as counsel. The
undersigned has not had an opportunity to discuss the terms of a
Plan with prior counsel and with the Debtor's representative.

An extension for the deadlines in Section 1121(b) and (c)(2), and
the deadline in Section 1121(c)(3) is necessary for Debtor to
confer with counsel and draft a Plan of Reorganization and
Disclosure Statement, liquidation analysis and budget projections.
This extension will work to benefit all creditors and the Debtor.
It will not operate a hardship on any party.

A copy of the Debtor's Motion to extend is available at
https://bit.ly/3Cs8YMM from PacerMonitor.com.

          About Interstate Underground Warehouse and Industrial
Park, Inc.   
                 
Interstate Underground Warehouse and Industrial Park, Inc. sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
W.D. Mo. Case No. 21-40834) on July 1, 2021. In the petition signed
by Leslie Reeder, chief executive officer, the Debtor disclosed up
to $10 million in assets and up to $50 million in liabilities.

Judge Dennis R. Dow is assigned to the case. Pamela Putnam, Esq.,
at Armstrong Teasdale LLP is the Debtor's counsel.


J & GC INC: Creditors to be Paid in Full in Plan
------------------------------------------------
J & GC, Inc., filed with the U.S. Bankruptcy Court for the Northern
District of Texas a Disclosure Statement describing Plan of
Reorganization dated November 19, 2021.

Debtor is a company which provides concrete services in the Dallas/
Fort Worth area. Debtor purposes to restructure its current
indebtedness and continue its operations to provide a dividend to
the unsecured creditors of Debtor.

The Debtor's business consists of providing concrete cutting
services to the construction market. The Debtor's business began
slowing down in 2018. The Debtor began falling behind on its
employee taxes in mid 2018. When the pandemic hit business
virtually stopped and the Debtor was unable to catch up. This case
was filed to work out a payment plan with the IRS and the creditors
of the Debtor and to allow the Debtor to remain in business.

Under the Debtor's Plan, if confirmed, the shareholders of the
Debtor will be allowed to retain their stock in the Debtor. In this
case, the shareholders of the Debtor will be allowed to keep their
shares because all creditors will be paid in full.

The Plan will treat claims as follows:

     * Class 1 Claimants (Allowed Administrative Claims of
Professionals and US Trustee) are unimpaired and will be paid in
cash and in full on the Effective Date of this Plan. Professional
fees are subject to approval by the Court as reasonable. Debtor's
attorney's fees approved by the Court and payable to the law firm
of Eric Liepins, P.C. will be paid immediately following the later
of Confirmation or approval by the Court out of the available
cash.

     * Class 2 Claimants(Allowed Tax Claim) are impaired. The
Allowed Amount of all Tax Creditor Claims shall be paid out of the
continued operations of the business. The Priority Tax Creditor
Claims to be the Internal Revenue Service ("IRS")Claims for 941
taxes priority and secured taxes believed to be approximately
$63,055.27. The IRS Priority and Secured Claims will be paid in
full over a 60 month period commencing on the Effective Date, with
interest at a rate of 3% per annum. The monthly payment shall be
approximately $1,133.

     * Class 3 Claimants (Allowed Property Tax Claims) are
impaired. The Debtor owed business property taxes to Dallas County
in the amount of $15,839.39 and to Garland ISD in the amount of
$18,907.68. These Ad Valorem Taxes will receive postpetition
pre-confirmation interest at the state statutory rate of 1% per
month and post confirmation interest at the rate of 12% per annum.
The Debtor shall pay the Class 3 claimants in equal monthly
installments with interest so that the Class 3 creditors is paid in
full with 60 months from the Petition Date. Debtor believes the
monthly payment to the Class 3 creditor will be approximately $815.
The Class 3 claimants shall retain their liens on the Debtor's
property until paid in full under this Plan.

     * Class 4 Claimant (Allowed Unsecured Claims) are impaired.
The Allowed Claims of Unsecured Creditors. The Unsecured Creditors
will share pro-rata in the Unsecured Creditor's Pool. The Unsecured
Creditors will share pro rata in the Unsecured Creditor's Pool. The
Debtor shall pay $500 per month for a period of up to 60 months
into the Unsecured Creditors Pool. The Unsecured Creditors shall be
paid quarterly on the last day of each calender quarter. Payments
to the Unsecured Creditors will commence on the last day of the
first full calendar quarter after the Effective Date. Based upon
the Debtor's Schedules that Class 4 Claims will be approximately
$20,000. The Class 4 creditors will be paid in full under this
Plan.

     * Class 5 (Current Shareholders) are not impaired under the
Plan. The current shareholders will receive no payments under the
Plan, and the current stockholders shall retain their existing
interests. The Class 5 shareholders are not impaired under this
Plan.

Debtor anticipates using the on-going business income of the Debtor
to fund the Plan. All payments under the Plan shall be made through
the Disbursing Agent.

A full-text copy of the Disclosure Statement dated Nov. 19, 2021,
is available at https://bit.ly/3kVaTDD from PacerMonitor.com at no
charge.

Attorney for Debtor:
   
     Eric A. Liepins, Esq.
     Eric A. Liepins, PC
     12770 Coit Road, Suite 1100
     Dallas, TX 75251
     Telephone: (972) 991-5591
     Facsimile: (972) 991-5788
     Email: eric@ealpc.com

                           About J & GC

J & GC, Inc., is a company which provides concrete services in the
Dallas/ Fort Worth area.  The Debtor filed a voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Texas
Case No. 21-30964) on May 24, 2021, listing under $1 million in
both assets and liabilities.  Eric A. Liepins, PC, serves as the
Debtor's legal counsel.


J.F. GRIFFIN: Wins Access to Cash Collateral Thru Feb 4
-------------------------------------------------------
Judge Elizabeth D. Katz of the U.S. Bankruptcy Court for the
District of Massachusetts authorized J. F. Griffin Publishing, LLC
to use cash collateral on a final basis under the same terms and
conditions of the previous order through February 4, 2022.

A hearing on the Debtor's further access to cash collateral is
scheduled for February 4 at 10 a.m.

A copy of the order is available for free at https://bit.ly/3CAhdq5
from PacerMonitor.com.

                About J. F. Griffin Publishing, LLC

J. F. Griffin Publishing, LLC is a full-service publisher of
informational and educational materials for different media types.
Its core services include complete content review, layout and
design services, project management, app development, and sale and
sponsorship integration. It currently produces 100 titles for state
agencies in 30 states, manages more than 90 web properties, and has
a mobile app. It has approximately 14 employees, including its
managing member, and maintains offices in Williamstown,
Massachusetts, and Birmingham, Alabama. Historically, it has
averaged approximately $4.6 million a year in gross revenue.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Mass. Case No. 21-30225) on June 21,
2021.

Judge Elizabeth D. Katz oversees the case.

Andrea M. O'Connor, Esq., at Fitzgerald Attorneys at Law, PC is the
Debtor's counsel.



JEFFERSON COUNTY: Fitch Affirms BB Rating on 3 Sub. Lien Warrants
-----------------------------------------------------------------
Fitch Ratings has affirmed the following ratings for Jefferson
County, AL's (the county) warrants:

-- $395 million senior-lien sewer revenue current interest
    warrants, series 2013-A at 'BB+';

-- $84.1 million senior-lien sewer revenue capital appreciation
    warrants, series 2013-B at 'BB+';

-- $234.9 million senior-lien sewer revenue convertible capital
    appreciation warrants, series 2013-C at 'BB+';

-- $774.1 million subordinate-lien sewer revenue current interest
    warrants, series 2013-D at 'BB';

-- $84.9 million subordinate-lien sewer revenue capital
    appreciation warrants, series 2013-E at 'BB';

-- $545.9 million subordinate-lien sewer revenue convertible
    capital appreciation warrants, series 2013-F at 'BB'.

In addition, Fitch has assessed the Standalone Credit Profile (SCP)
of the county's sewer system (the system) at 'bb'. The SCP
represents the credit profile of the system on a stand-alone basis
irrespective of its relationship with and credit quality of the
county (Issuer Default Rating AA-/Stable).

The Rating Outlook is Stable.

ANALYTICAL CONCLUSION

The 'BB+' and 'BB' ratings on the senior- and subordinate-lien
warrant ratings, respectively, and 'bb' SCP reflect the system's
financial profile in the context of the system's midrange revenue
defensibility (assessed at 'bbb') and midrange operating risk
profile (also assessed at 'bbb'). The system maintains favorable
service area characteristics although rate flexibility is somewhat
constrained, with elevated affordability concerns.

The 'bbb' operating risk assessment reflects a very low operating
cost burden, offset by elevated life cycle investment needs.
Leverage, represented by net adjusted debt-to-adjusted funds
available for debt service (FADS), grew to 13.1x in fiscal 2020,
the result of growing expenses and a decline in revenue.

System leverage will be a key credit concern for some time given
the use of capital appreciation warrants and the back-loaded debt
structure that yields a minimal principal amortization rate. Debt
service increases about 50% in fiscal 2024 from the prior year and
then continues to escalate 3% annually through fiscal 2039. At this
level annual cash flow may not be adequate to fully fund the
system's known capital needs given the pace of annual rate
increases enacted in the approved rate structure (ARS) through the
term of the warrants.

Favorably, the system has no variable interest rate risk or
exposure to swap termination payments, both of which were major
contributors to the county's prior bankruptcy filing in 2011.
Management reports that warrants can be called in 2023 and a
refunding of some or all of the obligations is expected at, or
prior to that time. Presently the amount and scope of the refunding
is unknown.

Fitch makes a one-notch distinction between the senior- and
subordinate-lien obligations given that the difference in the
financial profile between the two liens is considered meaningful
and the priority of payment to senior-lien warrant holders is
preserved in all circumstances. The senior-lien debt accounts for
about one-third of total obligations and is expected to stay at
that level given the warrants amortization structure.

CREDIT PROFILE

Jefferson County is located in the north-central part of the state
at the southern end of the Appalachian Mountains. With an estimated
population of close to 675,000 the county is the most populous in
the state with 44 incorporated and unincorporated cities and towns,
including Birmingham, the largest city in the state and home to the
University of Alabama at Birmingham.

The system provides retail wastewater collection, treatment and
disposal service to a 440-square-mile area that includes 23
municipalities within the county (including the cities of
Birmingham and Bessemer) as well as unincorporated parts of the
county and very small portions of Shelby and St. Clair counties.
Service is provided via nine wastewater treatment plants (WWTPs)
with a combined average daily treatment capacity of 259 million
gallons per day, or about twice fiscal 2020 flows.

Fitch considers the system to be a related entity to the county for
rating purposes given the county's oversight of the system,
including the authority to establish rates and direct operations.
The credit quality of the system does not currently constrain the
issue ratings. However, as a result of being a related entity, the
issue ratings could become constrained by a material decline in the
general credit quality of the county.

Coronavirus Considerations

The ongoing outbreak of coronavirus has not shown significant
impairment to the system's revenue or cost profiles although a
downturn in consumption has been reported.

KEY RATING DRIVERS

Revenue Defensibility 'bbb'

Favorable Service Area; Limited Rate Flexibility

Favorable service area characteristics are supported by midrange
customer growth, income and employment assessments. Rates are high
for a significant portion of the population.

Operating Risks 'bbb'

Very Low Operating Cost Burden; Elevated Capital Needs

The system's very low operating cost burden is offset by
countervailing capital needs. Capital investment, while increasing,
has continually lagged depreciation. An asset management plan is in
effect.

Financial Profile 'bb'

Stable Leverage

Leverage increased above expectations and is expected to remain
higher than historical levels over Fitch's scenario analysis. Debt
service increases beginning in fiscal 2024 may impact financial
performance.

Asymmetric Additive Risk Considerations

The unique structure of the capital appreciation warrants with very
slow amortization is considered an asymmetric risk although it does
not constrain the rating.

RATING SENSITIVITIES

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

-- Leverage under 9.0x in Fitch's base and stress cases, provided
    maintenance of current revenue defensibility and operating
    risks assessments;

-- Refunding of outstanding warrants such that improving FADS
    results in lower leverage.

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

-- Sustained leverage approximating 14.0x or above in Fitch's
    base and stress cases, provided maintenance of current revenue
    defensibility and operating risks assessments;

-- Failure to enact rate increases necessary to provide for
    increased debt service costs and adequate capital investment.

Best/Worst Case Rating Scenario

International scale credit ratings of Sovereigns, Public Finance
and Infrastructure 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 three 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.

SECURITY

The senior-lien warrants are payable from gross system revenues of
the county's sanitary fund, which does not include sewer tax
revenues that are used for operations. The subordinate-lien
warrants are payable from system revenues after payment of the
senior-lien warrants.

Revenue Defensibility

Revenue defensibility is assessed at 'bbb' with all of the system's
revenue derived from services or business lines exhibiting
monopolistic characteristics in a service area with favorable
demographic trends. Customer growth, considered midrange, registers
a five-year compound growth rate of 0.2%. Income and unemployment
levels are also considered midrange, with income and unemployment
86% and 77% of the national average, respectively.

The cities of Birmingham and Bessemer bill customers directly for
sewer service on behalf of the county and account for 91% of
customers. Under an arrangement with the Birmingham Water Works
Board (BWWB), the county pays an annual fee and receives all
revenue whether or not collected. BWWB shoulders the responsibility
for uncollected and delinquent accounts.

The ARS was adopted by the county commission in October 2013. The
resolution allowed for four annual rate increases of 7.89%
effective from fiscal years 2015 through 2018, with annual 3.49%
increases beginning Oct. 1, 2018 and continuing as long as the 2013
sewer revenue warrants remain outstanding. The commission retains
its ability to make additional rate adjustments through resolution
as long as the rate covenant is maintained. Based on 6,000 gallons
per month (gpm) of sewer flows, charges are considered affordable
for about half of the population, although average residential
consumption registers closer to 4,500gpm.

Operating Risks

The system's operating risk is assessed at 'bbb', which takes into
consideration a very low and declining operating cost burden at
$4,832 per million gallons of sewer flows in fiscal 2020, assessed
at 'aa'. This is offset by capital planning and management assessed
at 'bb'. The system's life-cycle ratio of 59% indicates elevated
capital needs with a five-year capital/depreciation spend ratio at
40% signaling extremely weak capital investment.

Annual capex to depreciation ratios have been below 60% the past
five fiscal years, with fiscal 2020 falling to a low of 27%.
Planned five-year (2021-2025) capital spending is sizable at close
to $515.6 million, yet spending is not anticipated to keep up with
annual depreciation, which will keep the life-cycle ratio elevated
over the near term. The system reports adherence to an asset
management plan, however, with no reported performance concerns.

The fiscal 2021-2025 capital improvement plan (CIP) includes
expenditures for plant renewal work, ongoing maintenance and
remediation. The largest spending categories include sanitary sewer
overflow (SSO) abatement, plant repair, replacement and renewal and
collection system rehabilitation. The system is a party to a
consent decree (CD) dating to 1996 requiring the county to
eliminate all SSOs and bypasses. To date, the county has completed
all construction projects required and five of the nine basins
included in the CD have been removed from any further CD
requirements.

While there are no additional construction projects outstanding,
collection system maintenance, and/or capacity improvements may be
needed to fully achieve the requirements related to the four
remaining basins and fully terminate the CD. Expected phosphorus
regulation has been delayed and permits will include a five-year
extension until 2028. The county has met compliance targets for the
past five years and additional anticipated regulatory expenditures
are not included in the CIP, providing some relief in spending over
the near term.

The CIP is strictly cash funded from reserves amassed by annual
surplus revenue. As Fitch has previously noted, despite the
regulatory respite, the capital issues will need to be addressed as
increasing debt service costs will reduce margins, leaving less
cash available for capex post 2028.

Financial Profile

The financial profile is assessed at 'bb'. Leverage is considered
weak and has risen to 13.0x in fiscal 2020. Fitch-calculated total
debt service coverage for fiscal 2020 was 2.2x.

With 78 days cash on hand (DCOH) and coverage of full obligations
at 2.2x, the liquidity profile has improved and is considered
neutral despite being less than Fitch's 90-day minimum. Fitch's
liquidity calculations are based solely on undesignated operating
reserves. However, per the warrant indenture, surplus funds
available for capital improvements are recorded as restricted cash
or investments. Therefore, with over $300 million in fiscal 2020,
calculating to over 1,000 DCOH, ample cash reserves are available.
Restricted amounts may also be used to pay debt service or
operating expenses if needed. For these reasons, liquidity is
considered neutral to the assessment.

Fitch Analytical Stress Test (FAST)

The FAST considers the potential trend of key ratios in a base case
and a stress case. The base and stress cases were informed by the
issuer's CIP and Fitch's standard forecast assumptions for
revenues. Expense growth was estimated slightly below that observed
the past few fiscal years. CIP execution was assumed at 85% in the
latter fiscal years as YoY planned spending rises over 40%. The
stress case is designed to impose a capital cost increase of 10%
above expected levels and evaluate potential variability in
projected key ratios.

Fitch's base case indicates that leverage remains at above 13.0x as
expense growth outpaces revenues and debt increases. The stress
case yields similar results with resulting net leverage peaking at
14.2x in fiscal 2025. Further expense escalation absent offsetting
increases in revenue could pressure the rating over time.

Asymmetric Additive Risk Considerations

The series 2013-B and 2013-E are capital appreciation warrants and
the series 2013-C and 2013-F are convertible capital appreciation
warrants. Because capital appreciation warrants accrete in value,
long-term debt outstanding increases over time rather than
amortizing. This is captured in Fitch's leverage calculations but
does not constrain the final rating.

ESG Considerations

Jefferson County (AL) [Water, Sewer] has an ESG Relevance Score of
'4' for Human Rights, Community Relations, Access & Affordability
due to product affordability, which has a negative impact on the
credit profile, and is relevant to the rating[s] in conjunction
with other factors.

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.


JSM CONSULTING: Wins Cash Collateral Access Thru Mar 2022
---------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York has
authorized JSM Consulting Inc. to use cash collateral in an
aggregate amount not to exceed $2,994,360 on a final basis through
March 4, 2022, in accordance with the budget, with a 10% variance.

A need exists for the Debtor to use the Cash Collateral in order to
pay necessary administrative expenses and administer and preserve
the value of its estate for the benefit of all creditors.

The Small Business Administration, TD Bank, N.A. and the Debtor
entered into loan agreements prior to the bankruptcy filing date.
The Debtor's obligations to the Lenders are secured by liens and
security interests on substantially all of the Debtor's assets,
including its cash, contracts, and accounts receivable. The Lenders
appear to have perfected their security interests by filing UCC-1
Financing Statements and Continuation Statements in the appropriate
jurisdiction.

As of the Petition Date, the Debtor owed TD Bank $325,417 under the
TD Loan Documents plus subsequently accruing interest, and other
charges, including legal expenses recoverable under the TD Loan
Documents.

As adequate protection to the Lenders solely and limited to any
diminution of the value of the Lenders' interest in Cash Collateral
on account of the Debtor's interim use of Cash Collateral, the
Lenders will receive additional and replacement liens and security
interests of the same kind, nature and scope of their pre-petition
liens and security interests to the extent that said pre-petition
liens and security interests were valid, perfected and enforceable
as of the Petition Date on personal property of the Debtor, subject
to the Carve-Out.

The Carve-Out consists of (i) subject to a Final Court Order, an
aggregate amount equal to $50,000, which amount may be used to pay
allowed and unpaid professional fees and expenses of the Debtor's
professionals retained by Final Court Order (which order has not
been reversed, vacated, or stayed unless such stay is no longer
effective); (ii) the sum of $7,500 for any trustee appointed under
Subchapter V of Chapter 11 of the Bankruptcy Code and, in addition,
the sum of $3,500 for any trustee appointed pursuant to Chapter 7
of the Bankruptcy Code; and, (iii) any Clerk's filing fees.

The Debtor will make periodic cash payments -- without an admission
as to how such payments are to be applied to the debt with the
manner of such application to be determined by the Bankruptcy Court
at a later date -- to the Lenders as provided in the Budget.

The Lenders will have allowed superpriority administrative claims
and all the rights and benefits accorded pursuant to Section 507(b)
of the Bankruptcy Code solely limited to the extent of any
diminution in value resulting from the use of Cash Collateral in
which the Lenders claim an interest from the Petition Date through
the hearing and determination of any final hearing on the use of
Cash Collateral which Superpriorty Claims will be subordinate to
the Carveout.

These  events constitute an "Event of Default":

     a. The failure by the Debtor to perform, in any respect, any
of the terms, provisions, conditions, covenants, or obligations
under the Interim Order or the TD Loan Documents, excluding any (i)
defaults existing prior to the Petition Date and (ii) covenant
defaults;

     b. The entry of any order, not including an order of the Court
to modify or lift the stay in order to provide for the enforcement
of the arbitration entitled "JAMS Arbitration -- Ref. No.:
1425029125", by the Court granting relief from or modifying the
automatic stay of Bankruptcy Code section 362(a);

     c. Dismissal of the chapter 11 case or conversion of the
chapter 11 case to a chapter 7 case, or appointment of a chapter 11
trustee or examiner with expanded powers or other responsible
person (other than the Subchapter V Trustee);

     d. Entry of an order of the Court terminating the Interim
Order; and/or

     e. Except as may be authorized by Interim Order of the Court,
the Debtor granting, creating, incurring or suffering to exist any
post-petition liens, security interests or super-priority claims
which are senior to or pari passu with those granted pursuant to
the Interim Order.

A copy of the order and the Debtor's 20-week budget through March
4, 2022 is available at https://bit.ly/3qTvBro from
PacerMonitor.com.

The budget provided for $3,735,517 in total receipts and $3,194,442
in total expenses.

                     About JSM Consulting Inc.

JSM Consulting Inc. is a management consulting company that
specializes in staff augmentation. It specializes in providing
clients with experienced information technology professionals and
other professionals.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 21-11791) on October 18,
2021. In the petition signed by Mukesh Somani, chief executive
officer, the Debtor disclosed up to $10 million in estimated assets
and liabilities.

Judge Shelley C. Chapman oversees the case.

Jonathan I. Rabinowitz, Esq., at Rabinowitz, Lubetkin & Tully, LLC
is the Debtor's counsel.



KEYSER AVENUE: Creditors to Get Proceeds From Liquidation
---------------------------------------------------------
Keyser Avenue Medical Park, LLC, ("KAMP") filed with the U.S.
Bankruptcy Court for the Western District of Louisiana a Disclosure
Statement relating to Plan of Liquidation datd November 16, 2021.

In or about 2010, KAMP purchased real property located at 1029
Keyser Ave., Natchitoches, Louisiana, which it presently owns. The
facility located thereon is used by KAMP's affiliate, Natchitoches
Medical Specialists, LLC ("NMS") as a medical clinic. NMS is
involved in a Chapter 11, Subchapter V bankruptcy proceeding,
bearing Case No. 21-80137, in the U.S. Bankruptcy Court for the
Western District of Louisiana, Alexandria Division.

KAMP is owned by James Knecht, Bryan A. Picou, Otis R. Barnum, and
Steven Kautz in equal portions of 25% each. The Chapter 11 filings
of KAMP and NMS were necessitated by the incorrect billing
practices of Dr. Barnum and his wife, Margaret Barnum, a nurse
practitioner, which rendered NMS unable to adequately value Dr.
Barnum's membership interest in NMS, as well as various disputes
among the former NMS partners resulting in costly litigation. See
Declaration of Dr. Knecht. These disagreements resulted in a lack
of rent (from holdover or informal arrangements, as there are no
unexpired leases) being paid to KAMP, and the building was facing
foreclosure by BOM.

In consultation with BOM, KAMP intends to engage Bonnette Auction
Company to market the property to potential buyers and facilitate a
sale via auction process. In the event the net proceeds of the sale
of Debtor's real estate are sufficient to satisfy the Class 1
claims, the balance remaining will be used to pay the Class 2
General Unsecured Claims in pro rata fashion, and without interest.
At this time, a recovery is not projected for Class 2 General
Unsecured Claims.

General unsecured creditors are classified in Class 2 and will be
paid with no interest, in pro rata fashion, using net proceeds of
the sales of assets of the Debtor after satisfaction of the Class 1
Secured Claims of the Natchitoches Tax Commission and BOM Bank
("BOM"). At this time, Class 2 claimants are not projected to
recover anything under the Plan.

The secured pre-petition claims against Debtor are held by the
Natchitoches Tax Commission (the City of Natchitoches) and BOM
Bank. The Debtor will satisfy the secured claims of the
Natchitoches Tax Commission in the amount of $11,301.15 (Class 1 A)
and BOM in the amount of $3,000,000 (Class 1-B) from the auction
sale of the real estate that serves as collateral for these claims
in the first quarter of 2022. The sale will also include current
and future insurance proceeds related to Debtor's building damage
from an extreme winter weather event in February 2021, which are
also the collateral of BOM.

The Natchitoches Tax Commission and BOM will receive the net
proceeds of such sale remaining after commission due to any
brokerage firm, auctioneering firm or other party providing similar
services in connection with the Plan Sale, and after  application
of a surcharge in the amount of $125,000 for satisfaction of, inter
alia, administrative and priority claims, all of which amounts will
be subject to Court approval via separate motion(s). It is expected
that the secured claim of the Natchitoches Tax Commission will be
satisfied in full.

The Debtor will satisfy priority tax claims by paying an amount
sufficient to pay the claims as filed with interest pursuant to 11
U.S.C. Sec. 511 by the payment of the same from proceeds of the
sale of Debtor's assets by virtue of a surcharge of funds in the
amount of $125,000 to be submitted to the Court for approval to
pay, inter alia, administrative and priority claims. Known priority
tax claims do not exceed $60,000.

Under the Plan's proposed treatment of Class 2, General Unsecured
Claims will be paid in the event the total amount of the offset of
the Debtor's deposit account combined with net proceeds of the sale
of Debtor's real estate and insurance proceeds are sufficient to
satisfy the Class 1 claims of the Natchitoches Tax Commission and
BOM. The balance remaining will be used to pay the Class 2 General
Unsecured Claims in pro rata fashion, and without interest.

The Class 3 equity interest holder claims will be canceled and take
nothing under the Plan. Following the performance of all other
provisions of the Plan, the Debtor shall cease operations and will
ultimately forfeit its corporate existence due to inaction. Class 3
claims will not be entitled to vote and are conclusively deemed to
reject the Plan.

Payments and distributions under the Plan will be funded primarily
by the organized liquidation of Debtor's assets, and, to a lesser
extent, by the ongoing operations of the business (i.e., receipt of
rent payments) during Debtor's liquidation of assets.

A full-text copy of the Disclosure Statement dated Nov. 16, 2021,
is available at https://bit.ly/3x2eDbc from PacerMonitor.com at no
charge.

Attorneys for Debtor:

     GOLD, WEEMS, BRUSER, SUES & RUNDELL
     Bradley L. Drell
     Heather M. Mathews
     P. O. Box 6118
     Alexandria, LA 71307-6118
     Tel: (318) 445-6471
     Fax: (318) 445-6476

                About Keyser Avenue Medical Park

Keyser Avenue Medical Park, LLC, a company based in Natchitoches,
La., filed a petition for Chapter 11 protection (Bankr. W.D. La.
Case No. 21-80221) on June 11, 2021, listing $3,051,857 in assets
and $3,931,792 in liabilities.  James Knecht, MD, managing member,
signed the petition.

Affiliate, Natchitoches Medical Specialists, LLC, filed for Chapter
11 protection (Bankr. W.D. La. Case No. 21-80137) on April 11,
2021. The two cases are jointly administered under Natchitoches'
case and are handled by Judge Stephen D. Wheelis.

Bradley L. Drell, Esq. at Gold, Weems, Bruser, Sues & Rundell is
the Debtors' legal counsel.


KISSMYASSETS LLC: Wins January 3 Solicitation Period Extension
--------------------------------------------------------------
Judge Stephani W. Humrickhouse of the U.S. Bankruptcy Court for the
Eastern District of North Carolina, Wilmington Division extended
the period within which Kissmyassets, L.L.C. has the exclusive
right to obtain acceptances of the Plan is extended from December
3, 2021, to January 3, 2022.

On or about September 7, 2021, the Debtor filed its Plan of
Reorganization.

On or about October 26, 2021, an Order Continuing Hearing was
entered, which reset the confirmation hearing for December 14,
2021.

Brian Behr, attorney for the Bankruptcy Administrator's office, has
no objection to the proposed extension. The request was made for a
good cause and not to delay the Debtor's case.

A copy of the Debtor's Motion to extend is available at
https://bit.ly/2YZSXA1 from PacerMonitor.com.

A copy of the Court's Extension Order is available at
https://bit.ly/3coJ3e6 from PacerMonitor.com.    

                             About Kissmyassets LLC

Kissmyassets, LLC owns a unit in a commercial shopping center
located at 419 S. College Road Unit 39, in Wilmington, N.C.   

Kissmyassets filed a petition for Chapter 11 protection (Bankr.
E.D. N.C. Case No. 21-01316) on June 8, 2021, disclosing total
assets of up to $500,000 and total liabilities of up to $50,000.

Judge Stephani W. Humrickhouse oversees the case. The Law Offices
of Oliver & Cheek, PLLC, and Atlantic Tax & Accounting, Inc. serve
as the Debtor's legal counsel and accountant, respectively.


LEGACY JH762: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Legacy JH762, LLC
        5103 Artesa Way W
        Palm Beach Gardens, FL 33418

Chapter 11 Petition Date: November 19, 2021

Court: United States Bankruptcy Court
       Southern District of Florida

Case No.: 21-21038

Judge: Hon. Erik P. Kimball

Debtor's Counsel: David Lloyd Merrill, Esq.
                  THE ASSOCIATES
                  2401 PGA Boulevard 280M
                  Palm Beach Gardens FL 33410
                  Tel: 561-877-1111
                  E-mail: dlm@theassociates.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $ million to $10 million

The petition was signed by James Hall as manager.

The Debtor filed an empty list of its 20 largest unsecured
creditors.

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

https://www.pacermonitor.com/view/BGOALWA/Legacy_JH762_LLC__flsbke-21-21038__0001.0.pdf?mcid=tGE4TAMA


LEGACY TRADITIONAL: S&P Alters Outlook to Pos., Affirms 'BB+' ICR
-----------------------------------------------------------------
S&P Global Ratings revised its outlook to positive from stable and
affirmed its 'BB+' rating on the Maricopa County Industrial
Development Authority, Ariz.'s series 2013, 2014, 2015, 2016, 2019
and series 2020 education revenue bonds, issued for Legacy
Traditional Schools (LTS). At the same time, S&P Global Ratings
assigned its 'BB+' rating to the authority's series 2021A and 2021B
(refunding) education revenue bonds.

"The positive outlook reflects our view of the school's solid
demand profile, growing enrollment, and improving operating margins
and maximum annual debt service (MADS) coverage, which we believe
are sustainable" said S&P Global Ratings credit analyst Robert Tu.
"If the school can generate operating surpluses and bolster its
unrestricted net asset position such that it becomes positive,
while moderating its debt burden to levels that are more in line
with that of a higher rating, we could raise the rating," Mr. Tu
added.

The series 2021 bonds plan to be issued with a total par amount of
$70.1 million, $36 million of which will be used to finance the
costs of construction and improvements at the San Tan and Casa
Grande campuses. The remaining approximately $34 million will be
used to advanced refund LTS's existing series 2013 bonds.

S&P said, "We view the risks posed by COVID-19 to public health and
safety as an elevated social risk for the charter sector under our
environmental, social, and governance (ESG) factors. We believe
this is a social risk for the school, should local demand
preferences shift toward home-school options amid the spread of the
Delta variant, potentially affecting enrollment trends, which could
influence state funding as a major revenue source for the school.
Despite the elevated social risks, we consider the school's
environmental and governance risks to be in line with our view of
the sector."

LTS' Arizona campuses are in Maricopa County, with most of the
schools in the Phoenix metropolitan area. The Nevada campuses are
in Clark County, which covers more than 8,000 miles in southern
Nevada and is home to one of the largest school districts in the
country.



LITTLETON MAIN: Wins Cash Collateral Access Thru Mar 2022
---------------------------------------------------------
The U.S. Bankruptcy Court for the District of Colorado has
authorized Littleton Main Street LLC and Terra Management Group,
LLC  to use cash collateral on a final basis.

The Debtors use the Cash Collateral to pay the operating and
management expenses to run the Debtor's property for the benefit of
its residents and cover costs incurred in preservation of the
Property.

Transamerica Advisors Life Insurance Company, c/o Aegon USA Realty
Advisors, LLC has an interest in the cash collateral under a
Prepetition Assignment of Rents, but has not filed a Notice of
Assignment of Rents under 11 U.S.C. section 546(b).  On December
10, 2014, Transamerica loaned the Debtors $2,475,000. As of the
Petition Date, $2,054,202 of the loan was outstanding.  The Debtor
is current on payment of the Loan. Transamerica has not filed a
Notice of Perfection of Assignment of Rents under 11 U.S.C. section
546(b), and thus has not given notice of its intent to claim an
interest in the rents and receipts, and assert that the rents and
receipts are cash collateral within the meaning of 11 U.S.C.
section 363.

The Debtors are permitted to use cash collateral in accordance with
the budget with a 15% variance. The Debtors will also continue to
pay its monthly mortgage payment to Transamerica.  The Debtors will
provide Transamerica with a complete accounting, on a monthly
basis, of all revenue, expenditures, and collections through the
filing of the Debtors' Monthly Operating Reports.

The Debtors' use of cash collateral will continue until the earlier
of: (1) March 31, 2022; (2) conversion of the Debtor's case to a
case under Chapter 7 of the Bankruptcy Code; (3) appointment of an
examiner or Chapter 11 Trustee; or (4) as otherwise ordered by the
Court.

The Debtor and Transamerica reserve their rights with respect to
Transamerica's various claims and lien positions in and to the
Debtor's assets.

A copy of the order and Littleton Main Street's budget is available
at https://bit.ly/3kUspbb from PacerMonitor.com.

The Debtor projects $46,567 in rental income and $45,446 in total
monthly expenses for November 2021.

                   About Littleton Main Street LLC

Littleton Main Street LLC owns a low income housing residential
property in Littleton, Colorado. Its income is derived from rent
paid by residents at the Property.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Colo. Case No. 21-15246) on October 15,
2021. In the petition signed by J. Marc Hendricks, president of MJT
Properties, Inc., in its capacity as Manager, the Debtor disclosed
up to $10 million in assets and liabilities.

Judge Thomas B. McNamara oversees the case.

Michael J. Pankow, Esq., at Brownstein Hyatt Farber Schreck LLP is
the Debtor's counsel.



MERIDIAN ADHESIVES: $100MM Loan Add-on No Impact on Moody's B2 CFR
------------------------------------------------------------------
Moody's Investors Service said Meridian Adhesives Group, Inc.'s B2
Corporate Family Rating and B2 rating on its first-lien credit
facilities remain unaffected by its proposed $100 million
incremental first-lien term loan. The outlook is stable. Proceeds
from the incremental term loan will be used to fund two bolt-on
acquisitions and for fees and expenses.

On November 18, 2021, Meridian announced to issue $100 million
incremental first-lien term loan, which, together with its
available cash on hand, will be used to fund the acquisition of two
companies specialized in providing adhesives solutions for
construction products, packaging, and other applications. Based on
the materials presented by Meridian, these two acquisition targets
are complementary to its existing product portfolio and will create
commercial and cost synergies, similar to the ones it acquired in
the last three years.

Moody's expect Meridian's pro-forma adjusted debt leverage will be
just below six times after the proposed transactions, up from mid
to low five times at the first-time rating assignment in July 2021.
Although its debt leverage remains commensurate with the
requirement for the B2 CFR, there will be limited headroom for
additional large debt-funded acquisitions unless Meridian improves
its earnings and strengthens free cash flow generation. Meridian's
credit profile remains constrained by its small business scale,
high debt leverage, acquisitive growth strategy, as well as a
limited track record of operating multiple acquired businesses
under one roof. Given its small business scale with pro forma sales
(including the two acquisition targets) of about $330 million in
2021, any sizable debt-funded acquisition could have a meaningful
effect on financial metrics.

Meridian slightly grew its absolute EBITDA in Q3 2021 over the same
period a year ago, although raw material inflation compressed its
EBITDA margin by about 1%. Its close collaboration with customers,
proprietary formulations and mission critical nature of the
specialty adhesives support sales visibility. The specialty nature
of the formulated adhesives for the electronics, medical, and
aerospace applications has kept its EBITDA margin over 20%.
Meridian is exposed to general macroeconomic conditions, as it
sells epoxy, urethane, acrylics and hybrid adhesives to many
markets including electronics, medical, aerospace, flooring,
packaging, infrastructure and construction. The two acquisition
targets will expand Meridian's offerings in epoxy, silicone and
hybrid adhesives and broaden its industrial end markets. They will
also generate some commercial synergies through across sales among
customers and costs synergies in raw material purchasing, tolling
fees, and back office consolidation.

Headquartered in Houston, TX, Meridian Adhesives Group, Inc.
specializes in adhesive technologies used in the electronics,
infrastructure, industrial (mainly flooring and packaging)
end-markets. It has operations in North America, Europe, and Asia.
Products and solutions are sold to OEMs, distributors and
industrial clients. Funds managed by Arsenal Capital Partners own
the majority stake in Meridian.


METROPOLITAN HOLINESS: Case Summary & 3 Unsecured Creditors
-----------------------------------------------------------
Debtor: Metropolitan Holiness Church of God in Christ, Inc.,
        a New Mexico Nonprofit Corporation
        4800 Lomas Ne
        Albuquerque, NM 87110

Business Description: The Debtor is tax-exempt entity (as
                      described in 26 U.S.C. Section 501).

Chapter 11 Petition Date: November 19, 2021

Court: United States Bankruptcy Court
       District of New Mexico

Case No.: 21-11287

Judge: Hon. Robert H. Jacobvitz

Debtor's Counsel: Christopher M. Gatton, Esq.
                  GIDDENS & GATTON LAW, P.C.
                  10400 Academy N.E. Suite 350
                  Albuquerque, NM 87111
                  Tel: (505) 271-1053
                  Email: giddens@giddenslaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by James L'Keith Jones,
president/CEO/senior pastor.

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/B3TY54Q/Metropolitan_Holiness_Church_of__nmbke-21-11287__0001.0.pdf?mcid=tGE4TAMA


MIDTOWN DEVELOPMENT: Plan Exclusivity Extended Thru Jan. 20
-----------------------------------------------------------
At the behest of Midtown Development, LLC, Judge Thad J. Collins of
the U.S. Bankruptcy Court for the Northern District of Iowa
extended the period in which the Debtor may file its Combined
Chapter 11 Plan and Disclosure Statement on or before January 20,
2022, and to obtain acceptances until March 21, 2022.

A sufficient cause exists to extend the Debtor's exclusivity
periods. The Debtor has a good business judgment reason for selling
its primary asset, the Black's Building. At this point, the Debtor
is unsure whether a Liquidating Plan would provide any benefit to
the estate; however, it is confident that the sale of the Black's
Building at the agreed-upon sale price of $7.5 million is in the
best interest of the Debtor, the estate, and all of the creditors.


The Debtor has received an acceptable offer of $7.5 million from
Covalt & Company Colorado Properties, LLC of Denver, Colorado. A
Purchase Agreement was executed, and all parties are working on due
diligence to sell the Black's Building.

The Motion to sell provides that the proceeds from the sale of the
Black's Building should result in payment of all secured claims,
priority claims, and a significant amount of the unsecured claims.
The creditors' liens will attach to the proceeds in the same
priority as the real estate. The Debtor will then seek to dismiss
the Chapter 11 case and complete the wind-down outside of
bankruptcy.

In this case, the Debtor intends to sell the Black's Building under
a private sales agreement outside of the ordinary course of
business and financial affairs, free of liens and encumbrances and
is preparing a Motion to Sell the Black's Building.

The Debtor has reached out to secured creditors MidWestOne Bank,
Black Hawk County, and the US Small Business Administration, as
well as the U.S. Trustee's Office, and does not anticipate any
objections to this sale.

Also, the Debtor's counsel has contacted the counsel for the United
States Trustee, counsel for the Small Business Administration, and
counsel for MidWestOne Bank regarding the proposed extension of the
exclusivity period. All have indicated that they have no
objection.

The Debtor and the Buyer will use the additional time to continue
with the due diligence spectrum without concern for an alternative
reorganization plan proposed by a party in interest.

A copy of the Debtor's Motion to extend is available from
https://bit.ly/3kKilBy PacerMonitor.com.

A copy of the Court's Extension Order is available at
https://bit.ly/32elNhi from PacerMonitor.com.

                          About Midtown Development

Midtown Development, LLC, a real estate developer in Iowa, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Iowa Case No. 21-00478) on May 25, 2021. In the petition signed by
Donna L. Nelson, managing member, the Debtor disclosed $1 million
to $10 million in both assets and liabilities.

Judge Thad J. Collins oversees the case. The Debtor tapped Day
Rettig Martin, PC, as legal counsel, BerganKDV as an accountant,
Moglia Advisors as a financial advisor, and Cushman & Wakefield
Iowa Commercial Advisors as its real estate broker.

Clark, Butler, Walsh & Hamann, and Greenstein Sellers PLLC
represent MidWestOne Bank, a secured creditor.


MOBREWZ LLC: Unsecured Creditors Will Get 30% Dividend in 60 Months
-------------------------------------------------------------------
MoBrewz, LLC, d/b/a 18Seventy Brewing Co., filed with the U.S.
Bankruptcy Court for the Eastern District of California a Small
Business Plan of Reorganization under Subchapter V dated November
16, 2021.

MoBrewz, LLC was formed as a California limited liability company
on March 15, 2018. Bridgette Berry was designated the managing
member and has served in that capacity from the inception.

The Plan of Reorganization proposes to pay creditors of the Debtor
from cash flow from future operations over a 60 month period.

Non-priority unsecured creditors (excluding insiders) holding
allowed claims will receive distributions, which the proponent of
this Plan has valued at 30 cents on the dollar. The Plan also
provides for full payment of administrative and priority tax
claims. Finally, the Plan also provides for the full payment of
allowed secured claims.

The Plan will treat claims as follows:

     * Class 2 consists of the Secured claim of Fresno Community
Development Financial Institution ("Access SBA"). This class is
unimpaired by this Plan and will be paid according to the original
documents with no modification by this Plan. The monthly payment is
$3,170 and payments are current.

     * Class 3 consists of the Secured claim of Sheffield
Financial. This class is unimpaired by this Plan and will be paid
according to the original loan documents with no modification by
this Plan. The monthly payment is $200 and payments are current.

     * Class 4 consists of Non-priority unsecured claims. This
class is impaired and the holders of claims in this class will
collectively receive $1,500 per month, commencing January 1, 2022,
and continuing for 60 months or until a 30% dividend has been paid,
whichever comes first. Each creditor's monthly dividend will be
based on a pro rata division of the monthly payment based on the
creditor's claim compared to all claims in the class.

     * Class 5 consists of Equity interests in the Debtor. The
present holders of membership interests in the Debtor are impaired
and the existing shares will be extinguished upon confirmation of
this Plan.

Members Bridgette Berry and Becky Berry will contribute new value
of $10,000 each to the Debtor and in exchange, each will receive
50% of new shares of the Debtor. The new value of $20,000 will be
used to purchase a can seamer, label applicator, cans, spout can
filler, design and licensing of labels, in order to begin canning
of beer. Additional uses of the new value will be to purchase
merchandise, such as sweatshirts and T-shirts, and to pay the
Trustee’s administrative claim when allowed. The canning
equipment of supplies is estimated to cost $10,500, the merchandise
$2,500, and the remaining $7,000 will be used to pay administrative
and priority tax claims.

With the infusion of new value, the Debtor will have sufficient
cash to pay all allowed unclassified claims, future allowed
expenses of administration, and all Class 1 claims (nominal, if
any), and to purchase the additional equipment and supplies needed
to begin canning operations and to purchase additional branded
merchandise. The Debtor will have sufficient cash flow commencing
in January, 2022, and continuing thereafter, to make the monthly
payments required for Classes 2, 3, and 4.

A full-text copy of the Plan of Reorganization dated Nov. 16, 2021,
is available at https://bit.ly/3kTidzG from PacerMonitor.com at no
charge.

Attorney for Debtor:

     Brian S. Haddix (SBN 230332)
     Haddix Law Firm
     1224 I Street
     Modesto, California 95354
     Telephone: (209) 338-1131

                         About MoBrewz LLC
         
MoBrewz, LLC, doing business as Seventy Brewing Company, filed a
petition for Chapter 11 protection (Bankr. E.D. Calif. Case No.
21-90378) on Aug. 18, 2021, listing under $1 million in both assets
and liabilities.  Judge Ronald H. Sargis oversees the case. The
Debtor is represented by David C. Johnston, Esq.


MONTEREY MOUNTAIN: Unsecured Claims Under $100 to be Paid in Full
-----------------------------------------------------------------
Monterey Mountain Property Management, LLC, filed with the U.S.
Bankruptcy Court for the Northern District of California a Combined
Plan of Reorganization and Disclosure Statement dated November 16,
2021.

On Aug. 25, 2021, the instant case was filed to stop the attempted
non-judicial foreclosure of the subject and sole piece of real
estate in this case located at 19024 Fieldstone Court, Salinas, CA
93908. An auction was scheduled for August 27, 2021. The property's
title is in an LLC (the Debtor, Monterey Mountain Property
Management LLC).

The property is a rental and has only one mortgage lien against it
with U.S. Bank Trust National Association (lender) / SN Servicing
Corporation (loan servicer). The property generates rental income
in the amount of $5,885.00 per month currently.

The Debtor is seeking to resolve the mortgage delinquency through a
likely reamortized loan / mortgage. Negotiations are already
underway and it looks like a stipulation / consensual agreement for
Chapter 11 Plan Treatment may be realized soon (hopefully). The
instant disclosure statement was filed however, as this is a SARE
case and so the Debtor and its counsel did not want to miss the
corresponding SARE plan filing deadline.

Other debt(s): there is minimal unsecured debt ($60.00 from the
Franchise Tax Board) and a small priority claim ($808.73 from the
Franchise Tax Board) which shall be paid in full in one payment on
the Plan's Effective Date as proposed.

Class 1A consists of the claim of the U.S. Bank Trust National
Association (lender). Approximate balance as of the date of filing
is $1,111,234.00. Debtor will pay the entire amount contractually
due with interest through 360 equal monthly payments, due the 1st
day of the month, starting on the Plan's Effective Date on the
secured claims. Creditors in these classes shall retain their
interest in the collateral until Debtor makes all payments on the
allowed secured claim specified in the Plan.

Class 2(a) consists of the Unsecured Small Claim of Franchise Tax
Board in the amount of $60.00. Franchise Tax Board shall be paid
$60.00 in a single payment. This class includes any creditor whose
allowed claim is $100.00 or less, and any creditor in Class 2(b)
whose allowed claim is larger than $500.00 but agrees to reduce its
claim to $100.00. Each creditor will receive on the Effective Date
of the Plan a single payment equal to the lesser of its allowed
claim or $100.00.

There are no Class 2(b) general unsecured claims.

Debtor shall not receive a discharge of debts until Debtor makes
all payments due under the Plan or the court grants a hardship
discharge.

The obligations to creditors that Debtor undertakes in the
confirmed Plan replace those obligations to creditors that existed
prior to the Effective Date of the Plan. Debtor's obligations under
the confirmed Plan constitute binding contractual promises that, if
not satisfied through performance of the Plan, create a basis for
an action for breach of contract under California law. To the
extent a creditor retains a lien under the Plan, that creditor
retains all rights provided by such lien under applicable
non-Bankruptcy law.

If the Plan is confirmed, the payments promised in the Plan
constitute new contractual obligations that replace the Debtor's
pre-confirmation debts. Creditors may not seize their collateral or
enforce their pre-confirmation debts so long as Debtor performs all
obligations under the Plan. If Debtor defaults in performing Plan
obligations, any creditor can file a motion to have the case
dismissed or converted to a Chapter 7 liquidation, or enforce their
nonbankruptcy rights. Debtor will be discharged from all
pre-confirmation debts (with certain exceptions) if Debtor makes
all Plan payments.

A full-text copy of the Combined Plan and Disclosure Statement
dated Nov. 16, 2021, is available at https://bit.ly/32ccMFn from
PacerMonitor.com at no charge.

Debtor's Counsel:

     Arasto Farsad, Esq.
     Nancy Weng, Esq.
     Farsad Law Office, P.C.
     1625 The Alameda Suite 525
     San Jose, CA 95126
     Tel: (408) 641-9966
     Fax: (408) 866-7334
     E-mail: farsadlaw1@gmail.com
    
                   About Monterey Mountain

Monterey, Calif.-based Monterey Mountain Property Management, LLC
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
N.D. Cal. Case No. 21-51127) on Aug. 25, 2021, listing as much as
$10 million in both assets and liabilities.  Michael T. Noble, as
managing member, signed the petition.  Judge Elaine E. Hammond
oversees the case.  The Debtor tapped Farsad Law Office, P.C. as
legal counsel.


MOTORMAX FINANCIAL: Unsecureds to Get $1K per Month for 36 Months
-----------------------------------------------------------------
Motormax Financial Services Corp. filed with the U.S. Bankruptcy
Court for the Middle District of Georgia a Plan of Reorganization
for Small Business dated November 16, 2021.

Since February 28, 2008, thee Debtor has been in the business of
consumer lending.

The Plan Proponent's financial projections show that the Debtor
will have projected disposable income of $36,000.00. The final Plan
payment is expected to be paid on February 28, 2025.

This Plan of Reorganization proposes to pay creditors of the Debtor
from cash flow from operations and insider preference recovery.

Non-priority unsecured creditors holding allowed claims will
receive distributions, which the proponent of this Plan has valued
at approximately one percent (1%) on the dollar. This Plan also
provides for the payment of administrative and priority claims.

Class 1 consists of all allowed claims entitled to priority and
priority tax claims.

Class 2 consists of the claim of Source Capital Credit
Opportunities Fund III, to the extent allowed as a secured claim.
This is a claim based on a guaranty for which another company is
primary liable, and is not in default. It will be unimpaired.

Class 3 composed of the claims of Arnold Knight, as representative
of a class of creditors, Motormax Realty, Inc., as a lessor, Motors
Acceptance Corporation, on a promissory note, SBA/Synovus, on a PPP
loan, and Gregory Cook.

Class 4 composed of shareholders Hoke S. McLaughlin, Jr. Trust,
Karl L. White, and Wendy D. White. This Class will be unimpaired.

General unsecured creditors (Class 3) are the only class of
creditors which is impaired. This class will be paid in the
following method:

     * Debtor (or the Trustee) will pay 36 monthly payments in the
amount of $1,000.00 without interest, and be paid on a pro rata
basis to claimants with allowed claims in this class.

     * Debtor will accumulate net disposable income combined with
any recovery the Trustee shall make against any person, net of
litigation expenses, under any theory of recovery, and Debtor shall
pay out on an annual basis each 12 months after the effective date
of the plan, for 36 months after the effective date of the plan,
and this shall be in addition to the periodic payments.

     * After 39 months from the effective date of the plan, Debtor
may make a final distribution in the amount, if any, of the net
proceeds of liquidation of remaining receivables.

The means of implementing the plan shall be as follows:

     * Trustee shall collect  whatever amount as may be determined
by the Court as recoverable against Motors Acceptance Corporation
and/or Motormax Realty, Inc., or any other co-liable party, by any
means Trustee may consider appropriate, including by deferred
payments is she and defendant agree.

     * On confirmation of the plan, the Trustee is empowered to
bring any Bankruptcy Code avoidance actions brought by the Debtor
or the Trustee.

     * In order to facilitate the Trustee's assertion of claims,
the Debtor waives any objection the Debtor might have to employment
of creditor Arnold Knight's attorneys for a specialized special
purpose.

     * Debtor will continue to operate, in a way consistent with
Debtor's budget for 36 months, and the Debtor will accumulate the
net disposable income and net litigation recovery, except for the
monthly payments anticipated in escrow, and pay same in an annual
lump sum payment each 12 months after the effective date of the
plan.

     * After 36 months after the ninth day after the effective day
of the plan, the Debtor may sell or otherwise dispose of the
remaining accounts receivables, after appropriate Court authority,
and the Debtor shall pay net proceeds out to Class 3 creditors.

A full-text copy of the Plan of Reorganization dated Nov. 16, 2021,
is available at https://bit.ly/3xjqoKJ from PacerMonitor.com at no
charge.

                  About Motormax Financial Services

Columbus, Ga.-based Motormax Financial Services Corp. filed
petition for Chapter 11 protection (Bankr. M.D. Ga. Case No.
21-40100) on March 29, 2021, listing up to $100,000 in assets and
up to $10 million in liabilities.  Karl White, chief executive
officer, signed the petition.

Judge John T. Laney III oversees the case.

The Debtor tapped Fife M. Whiteside, PC and Robert R. Lomax, LLC as
bankruptcy counsel; MVP Law as special counsel; and Fountain
Arrington Bass Mercer & Lee, P.C. as accountant. Stonebridge
Accounting & Forensics is the Debtor's forensic accountant and
insolvency expert.


NABORS INDUSTRIES: Moody's Rates New $700MM Guaranteed Notes 'B3'
-----------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Nabors
Industries, Inc.'s (NII) proposed $700 million senior priority
guaranteed notes (SPGN) due 2027. All other ratings and the
positive rating outlook of NII as well as its parent company Nabors
Industries Ltd. (Nabors) were unchanged.

Net proceeds from the debt offering will be used to reduce
outstanding borrowings under NII's revolving credit facility and
for general corporate purposes.

Ratings assigned:.

Issuer: Nabors Industries, Inc.

Gtd. Sr. Global Notes due 2027, Assigned B3 (LGD3)

RATINGS RATIONALE

The proposed NII notes were rated B3 given they will rank pari
passu and have identical guarantees as NII's existing 9% notes
(rated B3) due 2025 and 6.5% notes due 2025 (unrated). In addition
to having a downstream guarantee from the parent (Nabors), the new
and existing SPGNs have upstream guarantees from certain lower tier
subsidiaries that are closer to Nabors' assets relative to the
guaranteed senior unsecured notes that were previously issued by
Nabors Industries Ltd. and relative to NII's legacy senior
unsecured notes that do not have any subsidiary guarantee.

The revolver has a priority claim over Nabors' assets relative to
the new and existing SPGNs given the lower tier notes guarantors
will be contractually subordinated in right of payment with respect
to the lower tier notes guarantor's guarantee of the revolving
credit facility. The 2026 and 2028 guaranteed unsecured notes
issued by Nabors are rated Caa1, one notch below the B3 Corporate
Family Rating (CFR), given their structurally subordinated position
to the revolver and the SPGNs. The legacy NII senior notes lack
subsidiary guarantees and rank junior to all other classes of debt
in the capital structure and hence are rated Caa2.

While the repayment of revolver debt will improve recovery
prospects for the SPGNs, the company will continue to have
significant borrowing capacity under the secured revolver. If the
revolver commitment was substantially reduced in the future
limiting the risk of potential subordination, Moody's could
consider upgrading the SPGNs.

Nabors' B3 CFR reflects its high financial leverage, significant
re-contracting risk given the projected slow recovery in global rig
demand, and limited free cash flow generation and debt reduction
potential through 2022. Despite the sharp rebound in oil and
natural gas prices in 2021, land drillers have not seen much
improvement in day rates. Moody's expects upstream companies to
continue investing conservatively and rig markets to remain
oversupplied through 2022. The B3 CFR is supported by Nabors' large
scale, high quality rig fleet, long-standing contractual
relationship with some of the world's largest oil companies, and a
strong and diversified international footprint. The company's
relationship with its largest customer, Saudi Arabian Oil Company
(Saudi Aramco, A1 stable), will continue to provide a base level of
earnings and stability.

Nabors will have adequate liquidity, including reduced refinancing
risk and increased availability under the revolver following the
refinancing transaction, which is reflected in the SGL-3 rating.
Moody's expects the company to generate a modest amount of free
cash flow through 2022 under improving industry conditions and
apply any surplus free cash flow to reduce debt. As of September
30, 2020, Nabors had $772 million in cash and short-term
investments and minimal availability under its $1.01 billion
committed revolving credit facility after accounting for LCs and
minimum liquidity requirements. However, the revolver balance was
subsequently reduced to $585 as of November 18, 2021. The revolver
expires at the earlier of (a) October 11, 2023 and (b) July 19,
2022, if any of NII's existing 5.5% senior notes due January 2023
remain outstanding as of July 19, 2022. Moody's expects the company
to address the revolver maturity in a timely manner. Nabors should
be able to comply with its credit agreement financial covenants
through 2022. The revolver financial covenants include a minimum
liquidity requirement of $160 million and a guarantor coverage
ratio of no less than 4.25x.

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

An upgrade could be considered if Nabors generates free cash flow
consistently and achieves meaningful debt reduction leading to a
sustainable EBITDA/interest ratio above 2.5x and debt/EBITDA below
5.5x in a stable to improving industry environment. The ratings
could be downgraded if the EBITDA/interest ratio falls below 1.5x,
refinancing risk increases, or the company generates material
negative free cash flow eroding its liquidity cushion.

The principal methodology used in this rating was Oilfield Services
published in August 2021.

Nabors Industries Ltd., a Bermuda-incorporated entity, is one of
the largest global land drilling contractors with operations in
nearly two dozen countries and several offshore markets. Nabors
Industries, Inc. is a wholly owned subsidiary of Nabors Industries
Ltd.


NABORS INDUSTRIES: Unit Prices $700M Sr. Priority Guaranteed Notes
------------------------------------------------------------------
Nabors Industries Ltd. announced that Nabors Industries, Inc. has
priced $700 million in aggregate principal amount of senior
priority guaranteed notes due 2027 in the offering it announced
earlier on Nov. 18, 2021.  The Notes will bear interest at an
annual rate of 7.375% and are being offered to investors at an
initial price of 100% of par.  The Notes will be fully and
unconditionally guaranteed by Nabors and certain of Nabors'
indirect wholly-owned subsidiaries consisting of Nabors Drilling
Holdings Inc., Nabors Drilling Technologies USA, Inc., Nabors
International Finance Inc., Nabors Lux Finance 1, Nabors Lux 2,
Nabors Global Holdings Limited, Nabors International Management
Limited, Nabors Holdings Ltd and Nabors Drilling Canada Limited.
The sale of the Notes to the initial purchasers is expected to
close on Nov. 23, 2021, subject to customary closing conditions,
and is expected to result in approximately $688.9 million in net
proceeds to Nabors after deducting offering expenses payable by
Nabors.

The Notes will be senior unsecured obligations of NII and will rank
pari passu with NII's existing 9.00% Senior Priority Guaranteed
Notes due 2025 and 6.50% Senior Priority Notes due 2025.  The Notes
will be guaranteed by (i) Nabors, (ii) each of the subsidiaries
that guarantee Nabors' existing 7.25% Senior Guaranteed Notes due
2026 and 7.50% Senior Guaranteed Notes due 2028 and (iii) certain
lower tier subsidiaries of Nabors that guarantee NII's revolving
credit facility but do not currently guarantee the Existing
Guaranteed Notes, other than Nabors Alaska Drilling, Inc.  The
guarantee of the Notes by the Lower Tier Notes Guarantors will be
contractually subordinated in right of payment with respect to the
Lower Tier Notes Guarantors' guarantee of the Revolving Credit
Facility.  Each of the guarantors of the Notes have guaranteed the
Existing Senior Priority Guaranteed Notes and will guarantee the
Notes on an equal and ratable basis.  As a result, the Notes and
the Existing Senior Priority Guaranteed Notes will be structurally
senior to all outstanding notes issued by Nabors and NII, including
the Existing Guaranteed Notes.

Nabors intends to use the net proceeds from the offering to repay
approximately $457.5 million of the amount outstanding under NII's
Revolving Credit Facility and the remainder for general corporate
purposes.  As of Nov. 18, 2021, there was $585 million outstanding
under the Revolving Credit Facility, excluding $62.6 million of
letters of credit.

The Notes will be offered and sold to persons reasonably believed
to be qualified institutional buyers in accordance with Rule 144A
under the Securities Act of 1933, as amended, and to persons
outside the United States in accordance with Regulation S under the
Securities Act and applicable exemptions from registration,
prospectus or like requirements under the laws and regulations of
the relevant jurisdictions outside the United States.  The Notes
will not be registered under the Securities Act and may not be
offered or sold in the United States except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable
state securities laws.  The Notes will also not be registered in
any jurisdiction outside of the United States and no action or
steps will be taken to permit the offer of the Notes in any such
jurisdiction where any registration or other action or steps would
be required to permit an offer of the Notes.

The Notes will not be offered or sold in any such jurisdiction
except pursuant to an exemption from, or in a transaction not
subject to, the relevant requirements of laws and regulations of
such jurisdictions.

                           About Nabors

Nabors (NYSE: NBR) owns and operates land-based drilling rig fleets
and provides offshore platform rigs in the United States and
several international markets.  Nabors also provides directional
drilling services, tubular services, performance software, and
innovative technologies for its own rig fleet and those of third
parties. Leveraging advanced drilling automation capabilities,
Nabors highly skilled workforce continues to set new standards for
operational excellence and transform the industry.

Nabors reported a net loss attributable to common shareholders of
$820.25 million for the year ended Dec. 31, 2020, compared to a net
loss attributable to common shareholders of $720.13 million for the
year ended Dec. 31, 2019.  As of June 30, 2021, the Company had
$5.04 billion in total assets, $3.71 billion in total liabilities,
$398.50 million in redeemable noncontrolling interest in
subsidiary, and $936.94 million in total equity.  As of Sept. 30,
2021, the Company had $5.17 billion in total assets, $3.94 billion
in total liabilities, $400.85 million in redeemable noncontrolling
interest in subsidiary, and 833.82 million in total equity.

                             *   *   *

As reported by the TCR on Dec. 14, 2020, S&P Global Ratings raised
its issuer credit rating on U.S.-based onshore drilling contractor
Nabors Industries Ltd. to 'CCC+' from 'SD', reflecting its
assessment of the company's credit risk following the debt
exchange.

Also in December 2020, Fitch Ratings downgraded the Issuer Default
Rating (IDR) for Nabors Industries, Ltd. and Nabors Industries,
Inc. (collectively, Nabors) to 'RD' from 'C' upon the completion of
the company's exchange of senior unsecured notes for new senior
unsecured priority guaranteed notes.  Fitch deemed the exchange as
a distressed debt exchange (DDE) under its criteria.


NASSAU BREWING: Wants January 12 Plan Exclusivity Extension
-----------------------------------------------------------
Nassau Brewing Company Landlord, LLC asks the U.S. Bankruptcy Court
for the Eastern District of New York to extend their exclusive
periods for 60 days to file a reorganization plan until January 12,
2022, and a corresponding extension to solicit acceptances for 60
days after that.

The Debtor's primary asset consists of the real property located at
945 Bergen Avenue, Brooklyn, NY (the "Property"), which is under
construction following the granting of final DIP financing
authorizing the borrowing up to the total sum of up to $4.5
million. This borrowing will permit the Debtor to complete the
project's construction and ready the Property for leasing. The
Debtor is also in negotiations with the Master Tenant concerning
the potential treatment of the Master Lease in bankruptcy. While
the Debtor is subject to relatively short deadlines for filing a
plan and disclosure statement under the DIP loan agreement, the
Debtor seeks exclusivity extensions to preserve the status quo
while the confirmation process unfolds.

The Debtor is making progress toward a successful conclusion to the
Chapter 11 case, having obtained approval of DIP financing and
engaging in negotiations with the Master Tenant. The Debtor will
prepare a formal reorganization plan within the timeline
established under the DIP loan agreements and requests extensions
of the exclusivity periods.

A copy of the Debtor's Motion to extend is available at
https://bit.ly/3coRiXA from PacerMonitor.com.

                           About Nassau Brewing Co.
   
Nassau Brewing Company Landlord, LLC is a New York limited
liability company organized in 2015 to acquire a property at 945
Bergen Avenue, Brooklyn, N.Y.

Nassau Brewing Co. filed a petition for Chapter 11 protection
(Bankr. E.D.N.Y. Case No. 21-41852) on July 16, 2021, listing as
much as $50 million in both assets and liabilities. Sean Rucker,
the manager, signed the petition.  

Judge Jil Mazer-Marino handles the case.  Kevin J. Nash, Esq., at
Goldberg Weprin Finkel Goldstein, LLP is the Debtor's legal
counsel.


NEW YORK INN: Seeks Cash Collateral Access
------------------------------------------
New York Inn Inc. asks the U.S. Bankruptcy Court for the Northern
District of Texas, Dallas Division, for authority to use cash
collateral to perform renovations and enter into a renovation
contract.

The Debtor consented to the Order for Relief entered by the Court
on July 27, 2021 in order to restructure its debts after suffering
reduced revenues from the downturn in the economy precipitated by
the COVID-19 pandemic. Additionally, the Debtor's hotel located in
Arlington, Texas, was damaged following the winter storm in
February 2021 and has been closed since that time. The Debtor is
waiting for the insurance company to release funds to pay for the
necessary repairs so that it can reopen. All stakeholders in the
case agree that renovating, repairing and reopening the Hotel is
the best option for the Debtor and its creditors.

The Debtor also seeks authority from the Court to enter into the
contract for renovation and repairs. Pursuant to the Contract, Pate
Development Company, Inc. will renovate and repair the damage to
the Hotel caused by the winter storm. The Debtor will pay a total
of $889,570 for the renovations, pursuant to a payment schedule.

The source of funds to pay for the renovations under the Contract
and Application will be primarily from Pate who is asking for an
assignment of the insurance proceeds payable by the Debtor's
property insurance carrier, AmTrust, as well as a lien on the Hotel
to secure Pate's funding of the renovations and repairs. This would
include payment of the insurance proceeds currently on hand from
the Bank to Pate. Prior to the filing of the case, Amtrust paid
$130,943 in insurance proceeds, of which $23,013 was set off by the
Debtor's secured lender, Spectra Bank and applied to mortgage
payments due from the Debtor. The Bank is currently holding the
remaining proceeds.

The Debtor has negotiated with the Bank who has agreed that all the
insurance proceeds can be paid for the repairs. In addition, the
Debtor believes that additional insurance proceeds in the amount of
at least $426,733 are due from AmTrust, for which the Debtor is
negotiating with Amtrust and is retaining experienced insurance
counsel to handle including possible litigation. Pate will use all
insurance proceeds received from the Bank and Amtrust to make the
payments due under the Contract and Application. If there is a
shortfall to Pate then the Debtor will arrange for payment of such
amounts.

The Debtor can adequately protect the interests of the Bank by
repairing the Hotel. The Debtor estimates that with the completion
of the renovations the value of the Hotel will increase by at least
as much as the amount of the cash collateral to be used to make the
renovations.

A copy of the motion is available at https://bit.ly/30HEh9v from
PacerMonitor.com.

                        About New York Inn

A group of creditors including AP Interior, Prateek Desai and
Wajattat Ali Khan filed an involuntary Chapter 11 petition against
Arlington, Texas-based New York Inn Inc. (Bankr. N.D. Texas Case
No. 21-30958) on May 21, 2021.  The creditors are represented by
Bill Rielly, Esq.

Judge Michelle V. Larson oversees the case.   

New York Inn tapped Joyce W. Lindauer Attorney, PLLC as bankruptcy
counsel.



OLCAN III PROPERTIES: Files Amendment to Disclosure Statement
-------------------------------------------------------------
OLCAN III Properties, LLC., submitted an Amended Disclosure
Statement in support of Chapter 11 Plan of Reorganization dated
November 19, 2021.

During its post-petition operation, the debtor corporation has
maintained current payment of its tax obligations, has obtained
general liability insurance and maintained current payment of its
insurance policies, and has continued to collect rental income from
the tenants at its 3 parcels of real property under month-to-month
leases.

The debtor's first Business Monthly Operating Report ("BMOR") for
the period from the Petition Date August 18, 2021, to August 31,
2021, was filed September 21, 2021 reflecting an initial cash
balance of $3,000.00 which OLCAN III had maintained in an account
at the State Employees Credit Union held by Gardenville Realty,
LLC, which the debtor had been using for its deposits and
disbursements; $0.00 in income – as the debtor's collection of
rents ordinarily occurs prior to the 18th day of each month, and
expenses incurred during that period of $1,474.97. Summarizing the
Business Monthly Operating Reports filed:

                Gross      Operating    Net      Docket

Month           Revenue    Expenses   Revenue    Number

August, 2021    $0.00      $1,474.97 ($1,474.97) ECF 25

September, 2021 $20,736.88 $15,260.58 $5,115.30  ECF 32

October, 2021   $9,824.78  $7,848.04  $1,976.74  ECF 33

Class 1 consists of the Administrative Claim of the Office of the
United States Trustee for the quarterly fees required to be paid.
The Debtor shall pay quarterly U.S. Trustee fees both prior to the
Confirmation of the Plan and following Confirmation of the Plan
until the Case is either closed or converted. The U.S. Trustee
shall not have a vote on the Plan. Given the level of disbursements
reflected in the foregoing summary of income and expenses which the
debtor anticipates will also be reflected in its monthly operating
reports, the debtor has budgeted for a $250.00 quarterly fee to the
Office of the U.S. Trustee, which is about $83.33 monthly.

Class 2 includes of the holders of Allowed Administrative Claims
incurred in the administration of the Case for the fees and
expenses of Professional Persons. As of November 17, 2021, debtor's
counsel had rendered 134.05 hours in professional services to the
debtor's estate in the amount of $67,025.00 at counsel's customary
hourly billing rate and incurred expenses of $180.71 for which
reimbursement and Court approval will be requested totaling
$67,205.71 prior to the exercise of billing judgment, for which
retainers of $17,500.00 have thus far been received.

Class 7 consists of the Allowed Secured Claim of Stonefield
Investment Fund IV LLC. The Class 7 Claimant shall be paid the full
amount of the Allowed Class 7 Tax Claim and Secured Claim. (i) The
Tax Claim component of the Allowed Class 7 Claim of $50,604.68
shall be paid with interest at 18% per annum over a term of 5 years
in 60 equal monthly installments of principal and interest each in
the amount of $1,285.03 beginning October 1, 2021, with a
fifteen-day grace period for all payments and no prepayment penalty
or fee. (ii) The accrued interest component of the Class 7 Allowed
Claim of $10,033.92 through August 27, 2021, shall be paid in full
without interest over a term of 5 years in 60 equal monthly
installments of principal and interest each in the amount of
$167.23.

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

     * Debtor has scheduled one Unsecured Claim in Class 10 that of
the State Employees Credit Union for $15,061.21 shown on Proof of
Claim No. 1 filed August 31, 2021. Debtor shall pay in full without
interest its unsecured debt of $15,061.21 to the State Employees
Credit Union over a term of 5 years in 10 equal semi-annual
installments of each in the amount of $1,506.12 on May 1 and on
November 1 beginning May 1, 2022, and again on November 1, 2022,
continuing semi-annually thereafter with a fifteen day grace period
for all payments and no pre-payment penalty or fee.

     * The holders of Allowed Class 11 Interests of membership in
the Debtor shall not receive any distribution under the Plan on
account of such membership Interests, that is that no dividend
shall be declared during the pendency of the distribution to
Allowed Unsecured Claims in Class 10 nor during the pendency of the
distribution to Allowed Priority Claims in Classes 3 and 4 as
provided for in the Plan of Reorganization.

Funds required for the implementation of the Plan shall come from
Net Operating Revenue consisting of those funds remaining in
debtor's general accounts from its operation less those expenses
necessary and required by debtor for its operation which has been
generally reflected in debtor's monthly reports.

The thrust of this Statement is that if the debtor were to default
in the performance of its obligations under the Plan, then its
assets could be sold a forced liquidation with additional attendant
costs and associated delay in payment of Allowed Clams. The
continued viability of the debtor and its Plan depend on the
debtor's future operation, maintenance of revenue, and minimization
of expenses.

A full-text copy of the Amended Disclosure Statement dated Nov. 19,
2021, is available at https://bit.ly/3x6K5oV from PacerMonitor.com
at no charge.

Attorney for the Debtor:

     Marc R. Kivitz, Esquire
     Trial Bar No. 02878
     Suite 1330, 201 North Charles Street
     Baltimore, MD 21201
     (410) 625-2300
     Facsimile: (410) 576-0140
     E-mail: mkivitz@aol.com

                    About Olcan Properties III

Olcan III Properties, LLC, owns and operates three parcels of
investment real estate which it rents and from which it derives
income.  Two of the real properties are located in Baltimore City,
Maryland, and the third is in Anne Arundel County, Maryland.

Olcan III Properties filed a Chapter 11 bankruptcy petition (Bankr.
D. Md. Case No. 21-15323) on Aug. 18, 2021, disclosing $1 million
in assets and $500,000 in liabilities.  The Debtor is represented
by the Law Office of Marc R. Kivitz.


ORG GC MIDCO: Amends Class 3 Existing Term Loan Claims Pay Details
------------------------------------------------------------------
ORG GC Midco, LLC submitted an Amended Prepackaged Chapter 11 Plan
dated November 18, 2021.

The Amended Prepackaged Plan discusses the changes made to Class 3
consists of the Existing Term Loan Claims. Each holder of an
Allowed Existing Term Loan Claim affiliated with BSP shall receive,
in full and final satisfaction, settlement, release, and discharge
of such Existing Term Loan Claim, (i) its Pro Rata share of Initial
New 1L Loans, (ii) its Pro Rata share of New 2L Loans, (iii) its
Pro Rata share of New Holdco Junior Preferred Equity, and (iv) 100%
of the New Holdco Common Equity; and (y) each holder of an Allowed
Existing Term Loan Claim affiliated with GS shall receive, in full
and final satisfaction, settlement, release, and discharge of such
Existing Term Loan Claim, (i) its Pro Rata share of Initial New 1L
Loans (less the amount of Term DIP Claims outstanding immediately
prior to the Effective Date rolled into Initial New 1L Loans), (ii)
its Pro Rata share of New 2L Loans, (iii) 100% of the New Midco
Equity, and (iv) as a result of receiving 100% of the New Midco
Equity, GS will acquire an indirect interest in (A) 100% of the New
Holdco Senior Preferred Equity and (B) its Pro Rata share of New
Holdco Junior Preferred Equity, both of which shall be issued to
the Reorganized Debtor.

The Amended Prepackaged Plan does not alter the proposed treatment
for unsecured creditors and the equity holder:

     * Class 5 consists of General Unsecured Claims. Except to the
extent that a holder of an Allowed General Unsecured Claim against
the Debtor agrees to a less favorable treatment of such Claim or
has been paid before the Effective Date, at the sole option of the
Debtor or New Holdco, as applicable (with the consent of the
Consenting Lenders), on and after the Effective Date, (i) NewHoldco
shall continue to pay or treat each Allowed General Unsecured Claim
in the ordinary course of business in accordance with the terms and
conditions of the particular transaction giving rise to such
Allowed General Unsecured Claim or (ii) such holder shall receive
such other treatment so as to render such holder's Allowed General
Unsecured Claim Unimpaired pursuant to section 1124 of the
Bankruptcy Code.

     * Class 7 consists of Midco Equity Interests. On the Effective
Date the Midco Equity Interests shall be deemed cancelled,
released, extinguished and shall be of no further force and effect
without further action by any party or order of the Bankruptcy
Court.

The Debtor shall fund distributions under the Plan with (a) Cash on
hand, (b) the proceeds of the Term DIP Facility, (c) the Exit ABL
Facility, (d) the Exit Term Loan Facilities; and (e) the New Equity
in accordance with the Plan and the Restructuring Support
Agreement. Cash payments to be made pursuant to the Plan will be
made by the Disbursing Agent, which may be New Holdco or New Holdco
Sub.

From and after the Effective Date, subject to any applicable
limitations set forth in any post-Effective Date agreement
(including, without limitation, the Exit ABL Facility, the Exit
Term Loan Facilities and the LLC Agreement), New Holdco shall have
the right and authority without further order of the Bankruptcy
Court to raise additional capital and obtain additional financing
as the New Board deems appropriate.

A full-text copy of the Amended Prepackaged Plan dated Nov. 18,
2021, is available at https://bit.ly/3COWEqd from PacerMonitor.com
at no charge.

Proposed Attorneys for Debtor:

     WEIL, GOTSHAL & MANGES LLP
     Alfredo R. Perez (15776275)
     700 Louisiana Street, Suite 1700
     Houston, Texas 77002
     Telephone: (713) 546-5000
     Facsimile: (713) 224-9511

     WEIL GOTSHAL, & MANGES LLP
     Sunny Singh
     Katherine T. Lewis
     767 Fifth Avenue
     New York, New York 10153
     Telephone: (212) 310-8000
     Facsimile: (212) 310-8007

                      About ORG GC Midco

GC Services is one of the industry's largest privately owned
business process outsourcing and accounts receivable management
solutions providers in the United States with 6,000 employees
staffed throughout 30 geo-diverse contact center locations.  On the
Web: http://www.gcserv.com/  

GC Services is a privately-held company that provides a full scope
of solution offerings, including 24x7x365 programs, multi-channel
and multi-lingual customer service programs, from numerous
locations in the continental United States and the Philippines, to
Fortune 500 companies, premier global financial institutions, and
large governmental entities.

ORG GC Midco, LLC, is the intermediate holding company of GC
Services and parent of 5 subsidiaries.

ORG GC Midco, LLC, sought Chapter 11 protection (Bankr. S.D. Tex.
Case No. 21- 90015) on Nov. 8, 2021, to implement a prepackaged
plan of reorganization.  In the petition signed by Michael Jones as
CFO and chief administrative officer, ORG GC Midco estimated assets
of between $100 million and $500 million and estimated liabilities
of between $100 million and $500 million.  

GC Services did not seek Chapter 11 protection.

The Honorable Judge Marvin Isgur handles the case.

WEIL, GOTSHAL & MANGES LLP, led by Alfredo R. Perez, and Sunny
Singh, serves as the Debtors' counsel.  RIVERON MANAGEMENT
SERVICES, LLC, is the Debtor's interim management services
provider.  Stretto, formally known as BANKRUPTCY MANAGEMENT
SOLUTIONS INC., is the noticing and solicitation agent and
administrative advisor.


ORGANIC EVOLUTION: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
The U.S. Trustee for Region 21, until further notice, will not
appoint an official committee of unsecured creditors in the Chapter
11 case of Organic Evolution, Inc., according to court dockets.
    
                      About Organic Evolution

Organic Evolution, a Delray Beach, Fla.-based company that offers
computer peripheral equipment, filed its voluntary petition for
Chapter 11 protection (Bankr. S.D. Fla. Case No. 21-20036) on Oct.
19, 2021, listing up to $50,000 in assets and up to $10 million in
liabilities.  Richard Logis, president, signed the petition.

Judge Erik P. Kimball oversees the case.

Brian S. Behar, Esq., at Behar, Gutt & Glazer, PA serves as the
Debtor's legal counsel.



PERKY JERKY: Wins Cash Collateral Access Thru Dec 9
---------------------------------------------------
The U.S. Bankruptcy Court for the District of Colorado has
authorized Perky Jerky, LLC to use cash collateral on an interim
basis in accordance with the budget through the date of the final
hearing plus payment of the U.S. Trustee quarterly fee.

The interim cash collateral agreement with Howard Investment
Holdings, LLC is approved. The Court is not at this time making any
findings of facts with respect to the extent, validity, amount and
priority of Howard Investment Holdings, LLC's claim.

To the extent that any other party possesses a properly perfected
security interest in the Debtor's cash collateral, as adequate
protection for the Debtor's use of cash collateral:

     a. The Debtor will provide such party with a replacement lien
on all post-petition accounts receivable to the extent that the use
of cash collateral results in a decrease in the value of such
party's interest in the cash collateral pursuant to 11 U.S.C.
section 361(2);

     b. The Debtor will maintain adequate insurance coverage on all
personal property assets and adequately insure against any
potential loss;

     c. The Debtor will provide to the secured party all periodic
reports and information filed with the Bankruptcy Court, including
debtor-in-possession reports;

     d. The Debtor will only expend cash collateral pursuant to the
budget subject to reasonable fluctuation by no more than 15% for
each expense line item per month;

     e. The Debtor will pay all post-petition taxes; and

     f. The Debtor will retain in good repair all collateral in
which such party has an interest.

A final hearing on the matter is scheduled for December 9, 2021 at
10 a.m.

A copy of the order is available at https://bit.ly/2Z6i2t6 from
PacerMonitor.com.

                      About Perky Jerky, LLC

Perky Jerky, LLC, is a wholesaler of all natural meat jerky
products and distributes to a variety of retailers including many
grocery stores, drug stores, and other mass retailers. It also
maintains an on-line sale presence. Its jerky products include
turkey, beef and pork products.

Perky Jerky sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Colo. Case No. 21-15685) on November 15,
2021. In the petition signed by Brian Levin, CEO, the Debtor
disclosed $1,934,044 in assets and $15,753,488 in liabilities.

Judge Joseph G. Rosania Jr. oversees the case.

Aaron A. Garber, Esq., at Wadsworth Garber Warner Conrardy, P.C. is
the Debtor's counsel.



POINTE SCHOOLS: S&P Affirms 'B' LT Rating on 2015 Revenue Bonds
---------------------------------------------------------------
S&P Global Ratings revised the outlook to stable from negative, and
affirmed its 'B' long-term rating on the Phoenix Industrial
Development Authority, Ariz.'s series 2015 education facility
revenue bonds, issued for Pointe Schools (f.k.a. Pointe Educational
Services).

"The revised outlook reflects our view of Pointe School's recently
improved financial performance in fiscal 2021, which we expect will
continue into fiscal 2022; and the school's improved liquidity
metrics that help to offset the trend of declining enrollment,
which has shown signs of moderating as of fall 2021," said S&P
Global Ratings credit analyst Peter Murphy.

The 'B' rating further reflects S&P's view of Pointe's:

-- Continued declining enrollment with no substantial waitlist in
a sizable and competitive Phoenix charter school market;

-- Relatively weaker governance; and

-- History of negative unrestricted net assets.

Partially offsetting the above weaknesses, in S&P's view, are
Pointe's:

-- Good charter standing;

-- Moderate maximum annual debt service burden;

-- Modest days' cash on hand; and

-- Increased board independence.

S&P said, "We analyzed the relevant environmental, social, and
governance factors, and the recurring enrollment declines
demonstrate social risks we believe to be above the sector
standard. We believe this is a social risk for the school, should
local demand preferences shift toward homeschool options amid the
spread of the delta variant, potentially affecting enrollment
trends, which could influence state funding as a major revenue
source for the school. In our view, Pointe has weaker governance
than the sector standard, including a board of directors of limited
size and diversity. Despite the elevated social risks, we consider
the school's environmental and governance risks to be in line with
our view of the sector.

"The stable outlook reflects our expectation that over the next
year steady levels of state funding will result in positive
operations and enable Pointe to maintain liquidity levels
acceptable for the rating level.

"We could raise the rating if the enterprise profile strengthened,
with evidence of enrollment growth and stabilization. In addition,
we would consider a higher rating if Pointe is able to consistently
generate positive financial operations without reliance on federal
stimulus funding, and increases reserves.

"We could consider lowering the rating if management is unable to
reverse the long trend of enrollment declines. In addition, a
weakening of financial metrics could also lead to a downgrade."



POLYMER INSTRUMENTATION: Seeks Approval to Hire Financial Advisor
-----------------------------------------------------------------
Polymer Instrumentation & Consulting Services, Ltd. seeks approval
from the U.S. Bankruptcy Court for the Middle District of
Pennsylvania to employ Strategic Resource as management and
financial advisor.

The firm will review the financial and management organization of
the Debtor as well as its business model and activities.

The firm will be paid at the rate of $325 per hour and reimbursed
for out-of-pocket expenses incurred.

David Hess, a partner at Strategic Resources, disclosed in a court
filing that his firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     David J. Hess
     Strategic Resources
     1853 William Penn Way, Office 21
     Lancaster, PA 17601
     Tel: (717) 394-6850
     Fax: (717) 393-4574

                   About Polymer Instrumentation
                    & Consulting Services Ltd.

Polymer Instrumentation & Consulting Services, Ltd., a State
College, Pa.-based firm that conducts business under the name
Polymics, filed a Chapter 11 petition (Bankr. M.D. Pa. Case No.
21-01056) on May 10, 2021, listing as much as $10 million in both
assets and liabilities. Tim T. Hsu, president of Polymer, signed
the petition.

Judge Mark J. Conway oversees the case.

The Debtor tapped Robert E. Chernicoff, Esq., at Cunningham
Chernicoff & Warshawsky, P.C. as bankruptcy counsel; Beard Law
Company and Morgan, Lewis & Bockius, LLP as special counsel; Chen &
Fan Accountancy Corp. as accountant; and Strategic Resource as
management and financial advisor.


RED HOOK SOLAR: Taps Lippes Mathias as Special Counsel
------------------------------------------------------
Red Hook Solar Corp. seeks approval from the U.S. Bankruptcy Court
for the Northern District of New York to employ Lippes Mathias, LLP
as special counsel.

The Debtor needs the firm's legal assistance to negotiate and
resolve its potential claim against Berry Construction Co., Inc.,
and its bonding company, Western Surety Company.

The firm's hourly rates are as follows:

     Partners       $350 per hour
     Associates     $250 per hour
     Paralegals     $150 per hour

The firm will be paid a retainer in the amount of $1,000 and
reimbursed for out-of-pocket expenses incurred.

Conor Brownell, Esq., a partner at Lippes Mathias, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Conor E. Brownell, Esq.
     Lippes Mathias, LLP
     54 State Street, Suite 1001
     Albany, NY 12207
     Tel: (518) 462-0110
     Fax: (518) 462-5260
     Email: cbrownell@lippes.com

                    About Red Hook Solar Corp.

Red Hook Solar Corp. is in the solar construction industry with a
principal place of business in Tivoli, N.Y. It is operated and
managed by its sole owner, Chad Dickason.

Red Hook Solar filed a petition for Chapter 11 protection (Bankr.
N.D.N.Y. Case No. 21-10759) on Aug. 9, 2021, disclosing $1,302,866
in total assets and $363,146 in total liabilities. Judge Robert E.
Littlefield, Jr., oversees the case.

Michael L. Boyle, Esq., at Boyle Legal, LLC and Lippes Mathias, LLP
serve as the Debtor's bankruptcy counsel and special counsel,
respectively.  Jill M. Flinton, CPA, PLLC is the accountant.


RITORI LLC: Restated Liquidating Plan Confirmed by Judge
--------------------------------------------------------
Judge Lori S. Simpson has entered an order approving the Restated
Disclosure Statement on a final basis and confirming Restated
Chapter 11 Plan of Liquidation filed by Ritori, LLC.

Prior to the Confirmation Hearing, the Debtor filed a Line
containing a proposed Restated Disclosure Statement and Restated
Chapter 11 Plan of Liquidation. No objections to the Disclosure
Statement or Plan were filed. Further, neither the Restated
Disclosure Statement nor Restated Plan altered the treatment of
claims or creditors under the originally filed Disclosure Statement
or Plan.

The Restated Plan shall be modified as follows:

   * The definition of "Effective Date" in Section 1.02 of Article
I of the Restated Plan shall be replaced with the following:

     -- "Effective Date" means the date that is 14 days following
the entry of the Confirmation Order.       

A copy of the Plan Confirmation Order dated Nov. 18, 2021, is
available at https://bit.ly/3kYh75w from PacerMonitor.com at no
charge.

Counsel to Ritori, LLC:

     McNamee Hosea, P.A.
     Steven L. Goldberg
     6411 Ivy Lane, Suite 200
     Greenbelt, Maryland 20770
     T: 301-441-2420

                        About Ritori LLC

Ritori LLC and its affiliates, Marsalret LLC and Triplet LLC,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. Md. Lead Case No. 19-24473) on Oct. 29, 2019.  Lori S. Simpson
oversees the cases.

At the time of the filing, Ritori had between $1 million and $10
million in both assets and liabilities.  Marsalret and Triplet
disclosed total assets of up to $50,000 and total liabilities of up
to $10 million.

The Debtors are represented by Steven L. Goldberg, Esq., at
McNamee, Hosea, Jernigan, Kim, Greenan & Lynch, P.A.


RIVERBED TECHNOLOGY: Richards, Davis Represent Term Lenders
-----------------------------------------------------------
In the Chapter 11 cases of Riverbed Technology, Inc., et al., the
law firms of Davis Polk & Wardwell LLP and Richards, Layton &
Finger, P.A. submitted a verified statement under Rule 2019 of the
Federal Rules of Bankruptcy Procedure, to disclose that they are
representing the Ad Hoc 1L Subgroup.

The Ad Hoc 1L Subgroup formed by certain lenders, or investment
advisors or managers for funds or accounts that are lenders under
(i) that certain First Lien Term Loan Credit Agreement, dated as of
April 24, 2015, by and among Riverbed Technology, Riverbed
Holdings, Inc., the subsidiary guarantors thereunder, the lenders
party thereto from time to time, and Morgan Stanley Senior Funding,
Inc., as administrative and collateral agent; and (ii) that certain
Second Lien Term Loan Credit Agreement, dated as of December 31,
2020 by and among Riverbed Technology, Holdings, the subsidiary
guarantors thereunder, the lenders party thereto from time to time,
and Alter Domus (US) LLC, as administrative and collateral agent,
and respectfully state as follows:

In or around September 2021, the Ad Hoc 1L Subgroup engaged Davis
Polk to represent it in connection with the Members' holdings of
the Prepetition First Lien Term Loans. In or around October 2021,
the Ad Hoc 1L Subgroup engaged RL&F to act as local Delaware
counsel in the Chapter 11 Cases.

Counsel represents the Ad Hoc 1L Subgroup. RL&F also serves as
Delaware counsel to another ad hoc group, the members of which
include, among others, the Members of the Ad Hoc 1L Subgroup.
Counsel does not represent or purport to represent any other entity
or entities in connection with the Chapter 11 Cases. In addition,
the Ad Hoc 1L Subgroup does not claim or purport to represent any
other entity and undertakes no duties or obligations to any
entity.

As of Nov. 15, 2021, members of the Ad Hoc 1L Subgroup and their
disclosable economic interests are:

Albacore Capital LLP
55 St. James's St
London, SW1A 1LA

* $67,041,986.00 in aggregate principal amount of Prepetition
  First Lien Term Loans

Beach Point Capital Management LP
1620 26th Street #6000n
Santa Monica, CA 90404

350 Park Ave, 22nd Floor
New York, NY 10022

* $126,628,595.21 in aggregate principal amount of Prepetition
  First Lien Term Loans

* $11,300,006.25 in aggregate principal amount of Prepetition
  Second Lien Term Loans

GoldenTree Asset Management LP
300 Park Ave
New York, NY 10022

* $30,529,140.32 in aggregate principal amount of Prepetition
  First Lien Term Loans

* $15,339,375.02 in aggregate principal amount of Prepetition
  Second Lien Term Loans

Invesco Senior Secured Management, Inc.
3500 Lacey Rd Downers
Grove, IL 60515

* $130,596,524.74 in aggregate principal amount of Prepetition
  First Lien Term Loan

* $40,940,253.27 in aggregate principal amount of Prepetition
  Second Lien Term Loan

Nuveen Asset Management, LLC and
Teachers Advisors, LLC
555 California St, Suite 3100
San Francisco, CA 94104

8625 Andrew Carnegie Blvd
Charlotte, NC 28262

* $47,306,917.59 in aggregate principal amount of Prepetition
  First Lien Term Loans

* $2,930,501.53 in aggregate principal amount of Prepetition
  Second Lien Term Loans

Redwood Capital Management, LLC
250 West 55th St, 26th Floor
New York, NY 10019

* $50,439,373.71 in aggregate principal amount of Prepetition
  First Lien Term Loans

Counsel to the Ad Hoc 1L Subgroup can be reached at:

          RICHARDS, LAYTON & FINGER, P.A.
          Daniel J. DeFranceschi, Esq.
          Kevin Gross, Esq.
          David T. Queroli, Esq.
          One Rodney Square
          920 North King Street
          Wilmington, DE 19801
          Telephone: (302) 651-7700
          Facsimile: (302) 651-7701
          E-mail: defranceschi@rlf.com
                  gross@rlf.com
                  queroli@rlf.com

             - and -

          DAVIS POLK & WARDWELL LLP
          Damian S. Schaible, Esq.
          Stephanie Massman, Esq.
          450 Lexington Avenue
          New York, NY 10017
          Telephone: (212) 450-4000
          Facsimile: (212) 701-5800
          E-mail: damian.schaible@davispolk.com
                  stephanie.massman@davispolk.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://bit.ly/3nDBmar and https://bit.ly/2ZdtIdE

                    About Riverbed Technology

Headquartered in San Francisco, California, Riverbed Technology,
Inc. is a leading provider of Wide Area Network (WAN) Optimization
and performance monitoring products and services. Riverbed's
30,000+ customers include 99% of the Fortune 100. Riverbed was
acquired by private equity funds Thoma Bravo and Teachers' Private
Capital in April 2015. Revenues were $713 million for the 12
months
ended Sept. 30, 2020.

Riverbed Technology Inc. and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 21-11503) on Nov. 16,
2021.  In the petition signed by Dan Smoot as president and chief
executive officer, Riverbed Technology estimated $1 billion to $10
billion in assets and debt as of the bankruptcy filing.

KIRKLAND & ELLIS LLP is the Debtors' general bankruptcy counsel.
PACHULSKI STANG ZIEHL & JONES LLP is the local bankruptcy counsel.

ALIXPARTNERS, LLC, is the restructuring advisor; and GLC ADVISORS
&
CO., LLC AND GLCA SECURITIES, LLC, is the financial advisor and
investment banker.  BANKRUPTCY MANAGEMENT SOLUTIONS, INC., D/B/A
STRETTO, is the claims agent.



RIVERBED TECHNOLOGY: Richards, White Represent Term Lenders
-----------------------------------------------------------
In the Chapter 11 cases of Riverbed Technology, Inc., et al., the
law firms of White & Case LLP and Richards, Layton & Finger, P.A.
submitted a verified statement under Rule 2019 of the Federal Rules
of Bankruptcy Procedure, to disclose that they are representing the
Ad Hoc Lender Group.

The Ad Hoc Lender Group formed by certain lenders, or investment
advisors or managers for funds or accounts that are lenders under
(i) that certain First Lien Term Loan Credit Agreement, dated as of
April 24, 2015, by and among Riverbed Technology, Riverbed
Holdings, Inc., the subsidiary guarantors thereunder, the lenders
party thereto from time to time, and Morgan Stanley Senior Funding,
Inc., as administrative and collateral agent; and (ii) that certain
Second Lien Term Loan Credit Agreement, dated as of December 31,
2020 by and among Riverbed Technology, Holdings, the subsidiary
guarantors thereunder, the lenders party thereto from time to time,
and Alter Domus (US) LLC, as administrative and collateral agent,
and respectfully state as follows.

On or around August 11, 2021, the Ad Hoc Lender Group retained
White & Case to represent them in connection with the Debtors'
restructuring. On or around October 27, 2021, the Ad Hoc Lender
Group engaged RL&F to act as local Delaware counsel in the Chapter
11 Cases.

Counsel represents the Ad Hoc Lender Group. RL&F also serves as
Delaware counsel to a subgroup, consisting of certain Members of
the Ad Hoc Lender Group, which have filed a separate verified
statement pursuant to Bankruptcy Rule 2019. Counsel does not
represent or purport to represent any other entity or entities in
connection with the Chapter 11 Cases. In addition, the Ad Hoc
Lender Group does not claim or purport to represent any other
entity and undertakes no duties or obligations to any entity.

As of Nov. 17, 2021, members of the Ad Hoc Lender Group and their
disclosable economic interests are:

AlbaCore Capital LLP
55 St James's St
London, SW1A 1LA

* $67,041,986.00 in aggregate principal amount of the Prepetition
  First Lien Term Loan

Angel Island Capital Management, LLC
One Embarcadero Center, Suite 2150
San Francisco, CA 94111

* $21,803,031.23 in aggregate principal amount of the Prepetition
  First Lien Term Loan

* $68,721,333.26 in aggregate principal amount of the Prepetition
  Second Lien Term Loan

* $9,242,565.10 in aggregate principal amount of the Prepetition
  Bridge Notes

Apollo Capital Management, L.P.
9 West 57th Street, 7th Floor
New York, NY 10019

* $192,134,289.03 in aggregate principal amount of the Prepetition
  First Lien Term Loan

* $337,976,684.76 in aggregate principal amount of the Prepetition
  Second Lien Term Loan

* $41,234,374.00 in aggregate principal amount of the Prepetition
  Bridge Notes

Beach Point Capital Management LP
1620 26th St #6000n
Santa Monica, CA 90404

* $126,628,595.21 in aggregate principal amount of the Prepetition
  First Lien Term Loan

350 Park Avenue, 22nd Floor
New York NY 10022

* $11,300,006.25 in aggregate principal amount of the Prepetition
  Second Lien Term Loan

Diameter Capital Partners LP
55 Hudson Yards, 29th Floor
New York, NY 10001

* $50,491,603.00 in aggregate principal amount of the Prepetition
  First Lien Term Loan

* $72,023,516.00 in aggregate principal amount of the Prepetition
  Second Lien Term Loan

* $9,686,686.85 in aggregate principal amount of the Prepetition
  Bridge Notes

GoldenTree Asset Management LP
300 Park Ave
New York, NY 10022

* $30,529,140.32 in aggregate principal amount of the Prepetition
  First Lien Term Loan

* $15,339,375.02 in aggregate principal amount of the Prepetition
  Second Lien Term Loan

Invesco Senior Secured Management, Inc.
3500 Lacey Rd Downers
Grove, IL 60515

* $130,596,524.74 in aggregate principal amount of the Prepetition
  First Lien Term Loan

* $40,940,253.27 in aggregate principal amount of the Prepetition
  Second Lien Term Loan

Nuveen Asset Management, LLC and
Teachers Advisors, LLC
555 California Street, Suite 3100
San Francisco, CA 94104

* $47,306,917.59 in aggregate principal amount of the Prepetition
  First Lien Term Loan

* $2,930,501.53 in aggregate principal amount of the Prepetition
  Second Lien Term Loan

Redding Ridge Asset Management LLC
126East56thStreet, 22nd Floor
New York, NY 10022

* $59,167,485.59 in aggregate principal amount of the Prepetition
  First Lien Term Loan

* $29,775,532.41 in aggregate principal amount of the Prepetition
  Second Lien Term Loan

* $4,192,411.00 in aggregate principal amount of the Prepetition
  Bridge Notes

Redwood Capital Management, LLC
250 West 55th Street, 26th floor
New York, NY 10019

* $50,439,373.71 in aggregate principal amount of the Prepetition
  First Lien Term Loan

Counsel to the Ad Hoc Lender Group can be reached at:

          Daniel J. DeFranceschi, Esq.
          Kevin Gross, Esq.
          David T. Queroli, Esq.
          RICHARDS, LAYTON & FINGER, P.A.
          One Rodney Square
          920 North King Street
          Wilmington, DE 19801
          Tel: (302) 651-7700
          Fax: (302) 651-7701
          E-mail: defranceschi@rlf.com
                  gross@rlf.com
                  queroli@rlf.com

          Thomas E Lauria, Esq.
          Fan B. He, Esq.
          WHITE & CASE LLP
          Southeast Financial Center
          200 South Biscayne Boulevard, Suite 4900
          Miami, FL 33131-2352
          Tel: (305) 371-2700
          Fax: (305) 358-5744/5766
          Email: tlauria@whitecase.com
                 fhe@whitecase.com

             - and -

          Andrew T. Zatz, Esq.
          Andrea Amulic, Esq.
          WHITE & CASE LLP
          1221 Avenue of the Americas
          New York, NY 10020-1095
          Tel: (212) 819-8200
          Fax: (212) 354-8113
          E-mail: azatz@whitecase.com
                  andrea.amulic@whitecase.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://bit.ly/3nEonp0 and https://bit.ly/3kZxBdE

                    About Riverbed Technology

Headquartered in San Francisco, California, Riverbed Technology,
Inc. is a leading provider of Wide Area Network (WAN) Optimization
and performance monitoring products and services.  Riverbed's
30,000+ customers include 99% of the Fortune 100. Riverbed was
acquired by private equity funds Thoma Bravo and Teachers' Private
Capital in April 2015. Revenues were $713 million for the 12
months
ended Sept. 30, 2020.

Riverbed Technology Inc. and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 21-11503) on Nov. 16,
2021.  In the petition signed by Dan Smoot as president and chief
executive officer, Riverbed Technology estimated $1 billion to $10
billion in assets and debt as of the bankruptcy filing.

KIRKLAND & ELLIS LLP is the Debtors' general bankruptcy counsel.
PACHULSKI STANG ZIEHL & JONES LLP is the local bankruptcy counsel.
ALIXPARTNERS, LLC, is the restructuring advisor; and GLC ADVISORS &
CO., LLC AND GLCA SECURITIES, LLC, is the financial advisor and
investment banker.  BANKRUPTCY MANAGEMENT SOLUTIONS, INC., D/B/A
STRETTO, is the claims agent.


RIVERBED TECHNOLOGY: Seeks Cash Collateral Access
-------------------------------------------------
Riverbed Technology, Inc. and its affiliates ask the U.S.
Bankruptcy Court for the District of Delaware for authority to,
among other things, use cash collateral.

The Debtors require immediate access to liquidity to ensure that
they are able to continue operating their business during the
Chapter 11 cases, preserve the value of their estates for the
benefit of all parties in interest, and pursue confirmation and
consummation of the Plan.

On October 13, 2021, following a robust, arm's-length negotiation
process, the Debtors and a group of lenders that hold approximately
67.4% of the Debtors' prepetition first lien secured debt and 84%
of the Debtors' prepetition second lien secured debt, entered into
a restructuring support agreement. On the same date, certain of the
Consenting Lenders provided the Debtors with approximately $65
million of fresh capital in exchange for the Debtors' issuance of
the Prepetition Bridge Notes. The proceeds of the Prepetition
Bridge Notes, along with continued revenue generated from the
Debtors' operations, will provide the Debtors with sufficient cash
to operate their businesses during the chapter 11 cases without the
need for debtor-in-possession financing.

On October 22, 2021, pursuant to the terms of the RSA, the Debtors
launched solicitation of the Plan. The Debtors' restructuring
efforts and the Plan received overwhelming support from their
creditors and other parties in interest. The Debtors commenced
these prepackaged chapter 11 cases to effectuate the consensual
restructuring contemplated by the RSA.
During the chapter 11 cases, the Debtors will need the cash
generated from their operations and current cash on hand to satisfy
payroll obligations, honor all obligations under their customer
contracts, maintain insurance coverage, pay taxes, and make any
other payments essential to the continued management, operation,
and preservation of the Debtors' businesses.  The Debtors said the
ability to satisfy these expenses as and when due is necessary for
the Debtors' continued operation of their businesses during the
pendency of these chapter 11 cases.

The Debtors, like many similar businesses, faced significant
headwinds in 2020, principally as a result of the global COVID-19
pandemic, which, in light of the Debtors' capital structure, placed
substantial strain on the Debtors’ businesses. To alleviate the
strain, the Debtors executed a voluntary amend-and-extend
transaction in December 2020 that extended the maturity of certain
of their first lien term loan debt and a voluntary debt-for-debt
exchange that refinanced part of their first lien term loan debt
and nearly all of their then-outstanding unsecured senior notes
with second lien term loans. While the refinancing and exchange
transaction bought the Debtors much-needed runway, it became clear
as 2021 wore on that a more comprehensive restructuring of the
Debtors' obligations was necessary, as their businesses could not
support the amount of leverage in their capital structure.

To proactively address their capital structure, the Debtors
negotiated and ultimately agreed with a majority of their secured
lenders and their equity sponsors on the terms of a comprehensive
financial restructuring that will eliminate approximately $1.1
billion of the Debtors' prepetition funded debt and provide the
Debtors with $100 million of new equity capital, while also leaving
the class of General Unsecured Claims unimpaired. The terms of the
proposed restructuring are memorialized in an RSA, which
contemplated implementation of the restructuring either in or out
of court and served as the foundation of the Debtors' prepackaged
Plan. As of November 16, 2021, the Debtors have fully solicited
their Plan, which was unanimously accepted by all creditor classes
entitled to vote, including lenders collectively holding 100% of
the Debtors' prepetition first lien term loan debt and 100% of
their prepetition second lien term loan debt.

The parties with an interest in cash collateral are Morgan Stanley
Senior Funding, Inc., the Prepetition First Lien Loan
administrative agent and collateral agent, Wilmington Trust,
National Association, the Prepetition Bridge Notes administrative
agent and U.S. collateral agent and Cortland Capital Markets
Services, LLC, the Singapore collateral agent, and Alter Domus (US)
LLC, the Prepetition Second Lien administrative agent and
collateral agent.

As adequate protection for the Debtor's use of cash collateral, the
Prepetition Secured Parties will be granted:

     * Adequate Protection Superpriority Claims. Solely the extent
of any diminution in value, the Debtors will grant the Prepetition
Secured Parties allowed superpriority administrative claims
pursuant to section 507(b) of the Bankruptcy Code, which
superpriority claims will have priority over all administrative
expenses of the kind specified in, or ordered pursuant to, any
provision of the Bankruptcy Code, subject only to the Carve Out.

     * Adequate Protection Liens. The Debtors will provide adequate
protection liens to the Prepetition Secured Parties on
substantially all of their assets, solely to the extent of any
diminution in value of their interests in the Prepetition
Collateral (including cash collateral) from and after the Petition
Date, subject to the Carve Out.

The Carve-Out means certain statutory fees, allowed professional
fees of the Debtors and any Committee (if any), and a Post-Carve
Out Trigger Notice Cap of $1.5 million.

A copy of the motion is available at https://bit.ly/3nuuIn0 from
PacerMonitor.com.

                     About Riverbed Technology

Headquartered in San Francisco, California, Riverbed Technology,
Inc. is a leading provider of Wide Area Network (WAN) Optimization
and performance monitoring products and services. Riverbed's
30,000+ customers include 99% of the Fortune 100. Riverbed was
acquired by private equity funds Thoma Bravo and Teachers' Private
Capital in April 2015. Revenues were $713 million for the 12 months
ended Sept. 30, 2020.

Riverbed Technology Inc. and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 21-11503) on Nov. 16,
2021.  In the petition signed by Dan Smoot as president and chief
executive officer, Riverbed Technology estimated $1 billion to $10
billion in assets and debt as of the bankruptcy filing.

KIRKLAND & ELLIS LLP is the Debtors' general bankruptcy counsel.
PACHULSKI STANG ZIEHL & JONES LLP is the local bankruptcy counsel.
ALIXPARTNERS, LLC, is the restructuring advisor; and GLC ADVISORS &
CO., LLC AND GLCA SECURITIES, LLC, is the financial advisor and
investment banker.  BANKRUPTCY MANAGEMENT SOLUTIONS,  NC., D/B/A
STRETTO, is the claims agent.



SEMORAN PINES: Unsecured Creditors Will Get 100% Dividend in Plan
-----------------------------------------------------------------
Semoran Pines Phase II Condominium Association, Inc., filed with
the U.S. Bankruptcy Court for the Middle District of Florida a Plan
of Reorganization under Subchapter V dated November 16, 2021.

The Debtor is a Florida not-for-profit corporation incorporated in
1983. The Debtor operates a Condominium Association. The Debtor's
primary source of income is derived from assessments from its 8
homeowners in Semoran Pines Phase II.

The primary reason the Debtor filed its Chapter 11 Petition arises
from a dispute with the Debtor and the Tenant of Unit 6.  On Feb.
21, 2018, the Debtor filed a Complaint for Foreclosure, Rent and
Damages against the Unit Owner and Tenant.

Claim Number 1 is a secured claim filed by the Orange County Tax
Collector for real property taxes in the amount of $1,609.12. The
real property taxes are for a unit owned by Semoran Pines
Condominium Association, Inc., which is a separate  entity.  The
Debtor filed an Objection to Claim Number 1 on Nov. 12, 2021.  The
Creditor has advised the Debtor by email that it will be
withdrawing its claim.

Claim Number 2 is a general unsecured claim filed by Jazmin
Santiago in the amount of $135,000.  The Debtor filed an Objection
to Claim Number 2 on Nov. 11, 2021.  The Debtor also filed a Motion
to Reject Residential Lease with Purchase Option with Jazmin
Santiago on Oct. 7, 2021.

Claim Number 3 is a general unsecured claim filed by Andrew Doyle,
Esquire of Sebane Doyle, PLLC in the amount of $6,679.00 for
pre-petition attorney fees. The Debtor will be filing an Objection
to claim due to an uncredited retainer in the amount of $2,000.  It
is anticipated that this claim will be paid in the amount of $4,679
in the Debtor's Plan.

The Debtor had $26,479 in its bank account, together with aged
accounts receivable, in the form of the claim of lien, in the
approximate amount of $87,162.  Taking into consideration the
reasonable recovery of assets for the Chapter 7 Trustee less all
secured claims, administrative and priority claims, it is
anticipated that there are sufficient funds to pay both general and
priority unsecured creditors at 100% dividend.

The Plan Proponent's Plan of Reorganization is rather unique in
that it anticipates paying a 100% dividend to its general and
priority unsecured creditors.

The Plan Proponent's financial projection show that the Debtor will
have projected disposable income of at least $12,080.90 annually.
The final Plan payment is expected to be paid  within 30 days of
confirmation.

This Plan of Reorganization proposes to pay the creditors of the
Debtor from future income of the Debtor.

Class 3 consists of Non-priority Unsecured Creditors.  The Debtor
proposes to make payment to this class of  creditors at 100%
distribution.  The Debtor will make full payment upon the later of
the effective date of this Plan, or the date on which such claim is
allowed. This Class is unimpaired.

Class 4 consists of equity security holders of the Debtor.  This
Plan leaves unalters the legal, equitable, and contractual rights
to which such interest entitles the holder of such interest.  This
Class is unimpaired.

The Debtor will continue to exist after the effective date as a
Florida corporation with all of the powers under Florida law and
pursuant to any organizational documents in effect before the
effective date.

As of the effective date all of the projected Disposable Income of
the Debtor to be received in the 3-year period beginning on the
date that the first payment is due under the Plan will be applied
to make payments under the Plan.

A full-text copy of the Plan of Reorganization dated Nov. 16, 2021,
is available at https://bit.ly/3xef16I from PacerMonitor.com at no
charge.

Attorney for Debtor:

     Brian M. Mark, Esq.
     Brian Michael Mark, P.A.
     111 E. Monument Avenue, Suite 510
     Kissimmee, FL 34741
     Tel: (407) 932-3933
     E-mail: bmark@marklawfirm.com

                       About Semoran Pines

Semoran Pines Phase II Condominium Association, Inc., filed a
petition for Chapter 11 protection (Bankr. M.D. Fla. Case No.
21-03745) on Aug. 18, 2021, listing as much as $50,000 in both
assets and liabilities.  Alfonso Paredes, president of Semoran
Pines, signed the petition.  The Debtor tapped Brian Michael Mark,
P.A., as legal counsel.


SRI VARI CRE: Taps Johnston Allison & Hord as Special Counsel
-------------------------------------------------------------
Sri Vari CRE Development, LLC received approval from the U.S.
Bankruptcy Court for the Western District of North Carolina to
employ Johnston Allison & Hord, P.A. as special counsel.

The Debtor needs the firm's legal assistance in connection with the
closing of the sale of its hotel property located at 8536 Outlets
Blvd., Charlotte, N.C.

The firm's hourly rates are as follows:

     Attorneys      $265 to $465 per hour
     Paralegals     $185 to $225 per hour

The firm will also be reimbursed for out-of-pocket expenses
incurred.

Brian Schoeck, Esq., a partner at Johnston Allison & Hord,
disclosed in a court filing that his firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Brian J. Schoeck, Esq.
     Johnston, Allison & Hord, P.A.
     1065 East Morehead Street
     Charlotte, NC 28204
     Tel: (704) 332-1181
     Office: (704) 332-1181/(704) 998-2252  
     Fax: (704) 376-1628
     Email: bschoeck@jahlaw.com

                  About Sri Vari CRE Development

Sri Vari CRE Development, LLC, is a limited liability company
formed in 2017 under the laws of the State of North Carolina. The
company owns and operates the Courtyard by Marriott branded hotel
located at 8536 Outlets Blvd., Charlotte, N.C.

Sri Vari CRE Development filed a petition for Chapter 11 protection
(Bankr. W.D. N.C. Case. No. 21-30250) on April 29, 2021, listing up
to $50 million in assets and up to $10 million in liabilities.
Anuj N. Mittal, manager, signed the petition.

Judge Laura T. Beyer presided over the case before Judge J. Craig
Whitley took over.

The Debtor tapped Richard S. Wright, Esq., at Moon Wright &
Houston, PLLC as bankruptcy counsel; Johnston Allison & Hord, P.A.
as special counsel; and Greerwalker, LLP as financial advisor.


STANTON GLENN: Seeks Approval to Hire MN Blum as Accountant
-----------------------------------------------------------
Stanton Glenn Limited Partnership seeks approval from the U.S.
Bankruptcy Court for the District of Columbia to employ MN Blum,
LLC to prepare its federal and state tax returns and provide
general accounting consultation.

The hourly rates for Blum accountants and staff range from $160 to
$400.  As the primary accountant expected to work on this matter,
Abba Blum's hourly rate is $400.

As disclosed in court filings, MN Blum does not represent interests
adverse to the Debtor or its estate in the matters upon which it is
to be engaged.

The firm can be reached through:

      Abba Blum, CPA
      MN Blum LLC
      1395 Piccard Drive, Suite 240
      Rockville, MD 20850
      Office: (301) 337-3300/(301) 337-3303
      Mobile: (301)461-0266
      Email: abba@mnblum.com

                 About Stanton Glenn Limited Partnership

Stanton Glenn Limited Partnership filed its voluntary petition for
Chapter 11 protection (Bankr. D. Colo. 21-00261) on Oct. 29, 2021,
listing $40,503,154 in assets and $27,655,693 in liabilities.
Joseph Kisha, president, signed the petition.

Judge Elizabeth L. Gunn presides over the case.

Marc E. Albert, Esq., at Stinson LLP and Gamma Law Firm, PLLC serve
as the Debtor's bankruptcy counsel and special regulatory counsel,
respectively.  MN Blum, LLC is the Debtor's accountant.


TREEHOUSE FOODS: Moody's Lowers CFR to B1 & Unsecured Notes to B3
-----------------------------------------------------------------
Moody's Investors Service downgraded the ratings of TreeHouse
Foods, Inc., including the Corporate Family Rating to B1 from Ba3
and Probability of Default Rating to B1-PD from Ba3-PD. Moody's
also downgraded the company's senior unsecured notes by one notch
to B3 from B2, the company's senior secured bank facilities by one
notch to Ba3 from Ba2, and the Speculative Grade Liquidity Rating
to SGL-3 from SGL-2. Moody's also changed the outlook to developing
from stable.

The downgrade reflects Moody's expectation for leverage to remain
elevated above 5.5x over the next 12-18 months. TreeHouse's margins
compressed in the third quarter and the company cut its full year
2021 EBITDA and free cash flow guidance significantly as the
company continues to face substantial inflationary pressure across
various fronts, including commodities, freight and labor. The
company is also facing supply chain challenges, including raw
material shortages and lack of labor availability, which have
impacted service levels. TreeHouse has taken pricing actions this
year to mitigate the impact of higher costs, but those benefits are
realized on a lag. The company has also faced revenue headwinds
this year driven by softer private label consumption as many
consumers have been trading up to brands. Although demand has
recently improved in part because certain federal stimulus programs
have expired, the trajectory of the recovery remains uncertain as
supply chain challenges persist and retailers could push back on
higher prices.

TreeHouse's Board of Directors approved a plan to explore strategic
alternatives, including a possible sale of the company or a
transaction to allow the company to focus on its higher growth
Snacking & Beverages business segment by divesting a significant
portion of its Meal Preparation business segment. The Meal
Preparation segment makes up approximately 62% of annual sales,
with the Snacking & Beverages segment making up the remaining 38%.

The developing outlook reflects the uncertainty of the strategic
review outcome, and that the company has not set a timetable for
the conclusion of its review. If TreeHouse were to pursue a sale of
the entire company, higher leverage could lead to a negative credit
impact though it would depend on the pro forma capital structure
and financial policy going forward. If the company were to rather
pursue a divestiture of a significant portion of its Meal
Preparation segment, the company would have significantly less
scale and diversification. However, the remaining business would
also retain the faster growing snacking categories, and proceeds
from the sale could be used to reduce debt and leverage. Therefore,
the ultimate credit impact of a significant divestiture would
depend on the operating profile of the remaining business, along
with the pro forma capital structure and financial policy.

The downgrade to SGL-3 from SGL-2 reflects diminishing projected
headroom within the financial maintenance covenants over the next
year due to the anticipated reduction in earnings.

Moody's took the following rating actions:

Ratings Downgraded:

Issuer: TreeHouse Foods, Inc.

Corporate Family Rating, Downgraded to B1 from Ba3

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

Speculative Grade Liquidity Rating, Downgraded to SGL-3 from
SGL-2

Senior Secured 1st Lien Bank Credit Facility (revolver and term
loans), Downgraded to Ba3 (LGD3) from Ba2 (LGD3)

Senior Unsecured Regular Bond/Debenture, Downgraded to B3 (LGD5)
from B2 (LGD5)

Outlook Actions:

Issuer: TreeHouse Foods, Inc.

Outlook, Changed To Developing From Stable

RATINGS RATIONALE

TreeHouse Foods, Inc.'s B1 CFR reflects its significant scale as
the nation's largest private label food manufacturer and good
product diversification. These credit strengths are balanced
against relatively high financial leverage, operating pressure from
rising input costs and supply chain disruptions, and a difficult
pricing environment due to heavy competition. The company generates
good free cash flow and the food industry has low cyclicality. Low
or declining growth in some product lines can contribute to event
risk such as acquisitions and meaningful portfolio reshaping such
as could result from the strategic review. TreeHouse has
traditionally had a balanced financial policy, but the strategic
review creates uncertainty regarding how the financial policy will
evolve.

The SGL-3 Speculative Grade Liquidity rating reflects adequate
liquidity due to low projected cushion within the financial
maintenance covenants. Liquidity is otherwise very good including
full access to an undrawn $750 million revolving credit facility
expiring in 2026 and Moody's expectation for the company to
generate approximately $100 million to $125 million positive free
cash flow over the next 12 months. The cash sources provide good
coverage of the $14 million of required annual term loan
amortization and the maturity profile is good with the earliest
maturity the revolver and $930 million term loan due in 2026.
TreeHouse will have limited headroom on the 4.5x net debt-to-EBITDA
leverage covenant based on Moody's projections. However, a highly
adjusted credit agreement EBITDA calculation, including the ability
to add-back projected cost savings, may provide some cushion within
the covenant.

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

A rating downgrade could occur if TreeHouse is unable to maintain
stable operating performance, margins were to significantly
deteriorate from current levels, or the financial policy becomes
more aggressive. Quantitatively, a downgrade could occur if
debt/EBITDA is not likely to be sustained below 6.5x, or liquidity
deteriorates. A reduction in scale or diversity due to the
strategic review would likely lead to more stringent credit metrics
required to maintain the current rating.

A rating upgrade could occur if TreeHouse is able to improve
operating performance including positive organic revenue growth
with stable to higher margins, and consistent and solid free cash
flow generation. TreeHouse would also need to sustain debt/EBITDA
below 5.5x through strong operating performance or significant debt
repayment.

If the strategic review were to result in a significant change in
the business profile or financial policy such as a reduction in
scale and diversity, Moody's would likely tighten the upgrade and
downgrade factors.

ESG CONSIDERATIONS

The packaged food sector is moderately exposed to social risks
related to responsible production, health and safety standards and
evolving consumer lifestyle changes. The sector also is moderately
exposed to environmental risks such as soil/water and land use, and
energy & emissions impacts, among others. These factors will
continue to play an important role in evaluating the overall
creditworthiness of food manufacturers like TreeHouse, particularly
as the industry continues to evolve globally.

Moody's regards the coronavirus outbreak as a social risk under its
ESG framework, given the substantial implications for public health
and safety, and the government measures put in place to contain it.
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.

TreeHouse has a balanced financial policy but Moody's believes the
financial policy could change as a result of the strategic
alternatives review. As of the end of September 2021, debt/EBITDA
was 5.5x, and Moody's expects leverage to remain above 5.5x through
the end of 2022. The company currently has a 3.0x-3.5x net debt to
EBITDA leverage target (based on the company's definition) which
Moody's estimates to be around 3.9x as of the end of September. The
strategic review creates uncertainty about the leverage target
sustainability. The company is publicly traded but does not pay a
dividend. The company repurchased $25 million of its shares in 2020
and an additional $25 million through the first three quarters of
2021, which Moody's views as aggressive following the Riviana
acquisition and amid declining earnings.

CORPORATE PROFILE

TreeHouse Foods, Inc. (NYSE: THS) is a leading private label food
manufacturer servicing primarily the retail grocery and foodservice
distribution channels. TreeHouse sells products within a wide array
of food categories. Sales for the trailing twelve months as of
September 30, 2021 were approximately $4.3 billion.

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


TRI POINTE: S&P Alters Outlook to Positive, Affirms 'BB-' ICR
-------------------------------------------------------------
S&P Global Ratings revised its outlook on Irvine, Calif.-based Tri
Pointe Homes (TPH) to positive from stable. At the same time, S&P
affirmed its 'BB-' issuer credit rating on the company and its
'BB-' issue-level rating on its senior unsecured notes.

S&P said, "Our positive outlook reflects our view that the
company's debt to EBITDA improves nearly a full turn in 2021 to
1.7x and remains around this level through 2022, even as it invests
for future growth across its markets.

"We expect 2021 and 2022 EBITDA will have more than doubled from
pre-pandemic levels (2019). These outsized gains are largely due to
EBITDA margins that we think will jump another 400 basis points
(bps) in 2021, after climbing more than 300 bps in 2020. Strength
across large markets in TPH's West segment (e.g., California,
Arizona), which contributes most revenues and profits, is the key
driver of the wider gross and EBITDA margins we project (to about
29% and 21% in 2021, respectively). TPH's profitability, in terms
of EBITDA margins, now ranks among the highest of all builders we
rate.

"With debt levels about static, these higher profit levels should
drive debt to EBITDA below 2x through 2022. Improved operating cash
flows and overall credit metrics allow for increased spending on
inventory (i.e. land and homes, as detailed above) and share
repurchases, now pegged at above $350 million a year through 2022.
We do not expect large draws on the revolver, and anticipate cash
balances will remain around $300 million, or about half the 2020
level. Thus, EBITDA pushing materially above $800 million beginning
this year and debt staying around $1.4 billion suggests debt to
EBITDA will fall solidly below 2x.

"Solid increases in land ownership and development will be funded
relatively easily through operations. In fact, we estimate rising
land and related inventories will absorb up to about $400 million
annually in 2021 and 2022 cash flows from operations. Yet, we think
the roughly $500 million TPH should generate in funds from
operations in each of these years will more than adequately fund
growth objectives.

"Our positive outlook on TPH reflects our forecast that during the
next 12 months debt declines below 2x EBITDA, and EBITDA covers
interest by more than 11x. We expect no material increases in debt,
and that EBITDA margins peak in 2021, at about 21%, before edging
moderately downward in the coming year."

S&P could raise the rating to 'BB' if:

-- Debt to EBITDA improves and remains below 2x, as indicated in
its forecasts.

-- TPH reduces its dependence on key markets in its West region in
favor of a broader national footprint.

S&P could revise the outlook back to stable if debt to EBITDA
climbs back above 2x during these mostly favorable market
conditions.



W. E. MCDONALD: Unsecured Creditors to Recover 100% over 5 Years
----------------------------------------------------------------
W. E. McDonald & Son, LLC, filed with the U.S. Bankruptcy Court for
the Western District of Louisiana a Plan of Reorganization dated
November 18, 2021.

W. E. McDonald & Son, LLC is in the business of public works
projects, namely road and bridge construction, with its
headquarters in Glenmora, Louisiana. Debtor's business can be
traced back to 1961, when James W. McDonald and his father started
W. E. McDonald & Son, Inc. The Debtor is the survivor of a merger
with the corporation which occurred in 2001.

The Chapter 11 filing was necessitated by the effects of the
COVID-19 pandemic, which has significantly disrupted almost every
industry, and with cumulative impacts resulting in a substantial,
immediate downturn in the construction industry, including labor
shortages and work delays, as well as equipment and material
delays.

The Plan will treat claims as follows:

     * Class 1 consists of the Secured Claims of Equipment Lenders.
The Class 1 Secured Claims will be paid in full, at their
respective contract rates of interest, in monthly installments over
a period of 5 years from the Effective Date. The first monthly
installment will be due February 21, 2022.

     * Class 2 consists of the Secured Claims of BancorpSouth Bank.
The Class 2 Secured Claims will be paid in full, at their
respective contract rates of interest, in monthly installments over
a period of 15 years from the Effective Date. The first monthly
installment will be due February 21, 2022.

     * Class 3 consists of the Secured Claim of Legalist, Debtor's
DIP Lender in the principal amount of $1,580,000. The Class 3
Secured Claim will be paid in full in accordance with the DIP Loan
Documents from the sale of Debtor's real estate and timber not
otherwise encumbered. Debtor will file reports of each sale as
required under F.R.B.P. 6004(f)(1). As of the Effective Date of
this Plan, Debtor will be deemed authorized to retain real estate
agents and/or auctioneers to facilitate sales of its otherwise
unencumbered immovable property.

     * Class 4 consists of the Self-Insured Workers' Compensation
Claim held by William Ebert against the Debtor. On the Effective
Date of the Plan, Debtor will reinstate Mr. Ebert's weekly
indemnity benefits and medical benefits with ERMS, including
funding the claim cost of $4,973.70 incurred as of the filing of
the Plan, as well as ordinary indemnity and medical benefits and
administrative costs which accrue and are due as of the Effective
Date. Thereafter, Debtor will fund Mr. Ebert's weekly indemnity and
medical benefits as they come due in the ordinary course.

     * Class 5 consists of the General Unsecured Claims against the
Debtor in the total approximate amount of $285,000. Each holder of
an Allowed General Unsecured Claim shall receive 100% of the value
of its Allowed General Unsecured Claim, without interest, in equal
quarterly installments beginning on February 21, 2022, and
continuing each quarter for five years. However, there shall be no
penalty for early payment, and the Reorganized Debtor may
accelerate payment of claims pro-rata in its discretion.

     * Class 6 consists of claims arising from pre-petition loans
made to Debtor by insiders, namely the amount of $3,199,083.76 by
James W. McDonald, Jr., and the amount of $227,757.52 by Melvin G.
McDonald. No payments shall issue to Class 6 until all claims in
Classes 1, 2, 3, 4, and 5 have been fully satisfied. Each holder of
an Allowed Unsecured Non-Debtor Affiliate Claim shall receive 100%
of the value of its Allowed Unsecured Non-Debtor Affiliate Claim,
paid prorata and without interest, in installments at the Debtor's
discretion.

     * Class 7 consists of Equity Interests in the Debtor. The
holders of the Equity Interests shall retain Equity Interests after
the Effective Date of the Plan.

The Plan will be funded from the Debtor's continued operations and
sale of real estate and timber.

On Confirmation of the Plan, all property of the Debtor, tangible
and intangible, including, without limitation, licenses, furniture,
fixtures and equipment, will revert, free and clear of all Claims
and Equitable Interests except as provided in the Plan, to the
Debtor. The Debtor expects to have sufficient cash on hand to make
the payments required on the Effective Date.

A full-text copy of the Plan of Reorganization dated Nov. 18, 2021,
is available at https://bit.ly/3nAdEfc from PacerMonitor.com at no
charge.

Attorneys for Debtor:

     Bradley L. Drell (Bar Roll #24387)
     Heather M. Mathews (Bar Roll #29967)
     Gold, Weems, Bruser, Sues & Rundell, APLC
     P.O. Box 6118
     Alexandria, LA 71307-6118
     Telephone: (318) 445-6471
     Facsimile: (318) 445-6476
     Email: bdrell@goldweems.com
  
                    About W. E. McDonald & Son

W. E. McDonald & Son, LLC, a Glenmora, La.-based company engaged in
highway, street and bridge construction, filed its voluntary
petition for Chapter 11 protection (Bankr. W.D. La. Case No.
21-80326) on Aug. 20, 2021, disclosing total assets of $9,579,596
and total liabilities of $6,035,196.  James W. McDonald, Jr., as
managing member, signed the petition.  

Judge: Stephen D Wheelis oversees the case.

The Debtor tapped Gold, Weems, Bruser, Sues & Rundell, APLC as
legal counsel and Daenen Henderson & Company LLC as accountant.


WARRIOR MET: Moody's Ups CFR to B1 & Rates $350MM Secured Notes B1
------------------------------------------------------------------
Moody's Investors Service upgraded Warrior Met Coal Inc.'s
Corporate Family Rating to B1 from B2, probability of default to
B1-PD, and assigned a B1 rating to the company's proposed $350
million secured notes due 2028. The Speculative Grade Liquidity
Rating ("SGL") is maintained at SGL-1 based on expectations of
continued strong cash generation. The outlook has been revised to
stable from positive.

"Warrior will benefit from strong market conditions for met coal
and completing the proposed debt offering will demonstrate access
to capital," said Ben Nelson, Moody's Vice President -- Senior
Credit Officer and lead analyst for Warrior Met Coal, Inc.

Upgrades:

Issuer: Warrior Met Coal, Inc.

Corporate Family Rating, Upgraded to B1 from B2

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

Senior Secured Regular Bond/Debenture, Upgraded to B1 (LGD4) from
B2 (LGD4)

Assignments:

Issuer: Warrior Met Coal, Inc.

Senior Secured Regular Bond/Debenture, Assigned B1 (LGD4)

Outlook Actions:

Issuer: Warrior Met Coal, Inc.

Outlook, Changed To Stable From Positive

RATINGS RATIONALE

The rating on the existing secured notes is expected to be
withdrawn upon completion of the refinancing transaction.

Moody's expects that continued strength in metallurgical coal
prices, significantly above Moody's medium term sensitivity range
of $100-160/metric ton (CFR DBCT), will enable Warrior to generate
strong earnings and free cash flow despite an ongoing labor strike
that constrains significantly, but temporarily, the company's
production volumes. Warrior guided toward sales of 5.5 million tons
in 2021 compared to over 7 million tons in 2020 -- a meaningful
difference in production. A resolution of the labor strike that
allows increased production beyond expected production in 2021
represents upside to Moody's current forecast.

However, Moody's believes that investor concerns about the coal
industry's ESG profile are still intensifying and, notwithstanding
current strength in coal pricing, coal producers will be
increasingly challenged by access to capital issues in the
early-to-mid 2020s. An increasing portion of the global investment
community is reducing or eliminating exposure to the coal industry
with greater emphasis on moving away from thermal coal. The
aggregate impact on the credit quality of the coal industry is that
debt capital will become more expensive over this horizon,
particularly in the public bond markets and other business
requirements, such as surety bonds, which together will lead to
much more focus on individual coal producers' ability to fund their
operations and articulate clearly their approach to addressing
environmental, social, and governance considerations.

The B1 CFR balances the company's excellent margin potential from
high quality and low-cost metallurgical coal assets with
operational concentration risk and the inherent volatility of the
metallurgical coal industry. Warrior's two coal mines in Southern
Appalachia produce in a normalized environment about 7.0-8.0
million short tons of low-vol and mid-vol hard coking coal that
prices near the Platts Premium LV FOB Australia Index. While the
company has fewer mines compared to rated peers in the United
States, Warrior has a good operating history, takes precautionary
measures such as buying extra longwall shields, and
benchmark-quality coal allows the company to continue to generate
good margins in a weak pricing environment -- as observed in 2020.
Warrior is also set up well with long-term contracts to export out
of the Port of Mobile in Mobile, Alabama, USA. Most customers are
blast furnace customers in Europe, South America, and Asia. Warrior
also has limited legacy liabilities compared to many coal industry
peers and very good liquidity to support operations.

The SGL-1 Speculative Grade Liquidity Rating ("SGL") reflects very
good liquidity to support operations over the next 12-18 months. As
of September 30, 2021, the company had about $356 million of
available liquidity, including $268 million of cash and cash
equivalents and about $87 million of availability under its $125
million asset-based revolving credit facility. The credit agreement
contains a minimum fixed charge coverage ratio of 1.0x that is only
tested when excess availability falls below certain thresholds. The
short-term liquidity rating is driven primarily by cash and
expectations for free cash flow generation, which Moody's expects
will be positive over the next 12-18 months given Warrior's
high-quality coal that allows it to sell at premium prices. The
company had no near-term maturities as of September 30, 2021.

ESG CONSIDERATIONS

Environmental, social, and governance considerations are important
factors influencing Warrior's credit quality. More recently, ESG
related concerns from investors have challenged access to capital
for coal producers, with more emphasis on moving away from thermal
coal. As a result, Moody's anticipate that the aggregate impact on
the credit quality of the coal industry will be that debt capital
will become more expensive. However, Moody's believe that met coal
carries less environmental-related risks than thermal coal, which
is an advantage for Warrior as it is a met-focused producer.
Warrior's mines are underground mines, which have less exposure
from an environmental perspective than surface mines. Social risk
for the coal industry is also high and, while mitigation is also
evident, the company's recent labor-related challenges are an
evident manifestation of the social risks associated with the
industry. Governance-related risks are representative of a publicly
traded coal company with an ongoing emphasis on maintaining a
relatively low debt balance, preserving cash to protect against
industry downturns, and taking a conservative approach to funding
expansionary capital spending plans. Governance considerations are
a key driver of the rating action.

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

The stable outlook reflects expectations for strong free cash flow
generation in most phases of the pricing cycle and maintenance of
good liquidity. An upgrade would be challenging considering the
company's limited operational footprint and ESG-related challenges
across the coal industry. However, Moody's could upgrade the rating
with expectations for the company to maintain little or no net debt
and generate positive free cash flow through a full pricing cycle
for metallurgical coal. Improved operational diversity could also
have positive credit implications. Moody's could downgrade the
rating with expectations for adjusted financial leverage above 3.0x
(Debt/EBITDA), negative free cash flow, or less than $150 million
of available liquidity. A labor contract that substantively reduces
Warrior's flexibility in a downturn, particularly by essentially
increasing fixed costs, could also have negative rating
implications even in a strong near-term pricing environment.

Based in Brookwood, Alabama, Warrior Met Coal operates three
longwalls in two mines in Brookwood, Alabama, which produce and
export metallurgical ("met") coal for a diversified customer base
of blast furnace steel producers located primarily in Europe, South
America and Asia. Warrior's operating assets were acquired in April
2016 from Walter Energy as part of Walter's bankruptcy. Warrior
generated roughly $856 million in revenues for the last twelve
months ended September 30, 2021.

The principal methodology used in these ratings was Mining
published in October 2021.


WARRIOR MET: S&P Affirms 'B+' Issuer Credit Rating, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings affirmed our 'B+' issuer credit rating on
U.S.-based metallurgical (met) coal producer Warrior Met Coal Inc.
and assigned its 'BB' issue-level rating and '1' recovery rating to
its proposed senior secured notes.

The negative outlook reflects the possibility of a downgrade of the
company in the next 12 months due to a potential production
disruption and higher operating costs stemming from the ongoing
labor strike.

S&P said, "We expect Warrior's adjusted leverage to decline to
2.0x-2.5x for fiscal 2021 due to a record high met coal prices,
partially offset by a drop in its sales volumes stemming from the
labor strike at several important sites.

"We estimate the company will sell close to 5.5 million short tons
of met coal in 2021, which would be a 26% drop from 2020. Since the
onset of the strike, which began in April 2021, Warrior has idled
mine No. 4 and is running mine No. 7 at reduced capacity. Given the
available inventory (0.5 million metric tons as of Sept. 30 2021)
and assuming mine No. 7 continues to operate without disruption, we
believe the company will be able to meet its production target,
albeit at reduced capacity, of about 1 million short tons for the
rest of the year.

"We now project Warrior's 2021 adjusted EBITDA of $235 million-$240
million will be about 75% higher than we previously expected. A
record-high met coal price in the second half of 2021 is the key
driver of the higher EBITDA expectation. We expect Warrior will
realize on average $215-$220 per short ton sold in the fourth
quarter of 2021 compared with $92/short ton sold for the same
period last year.

"We project the company's free operating cash flow (FOCF) will
improve materially in 2021, but could dimmish in 2022 if there are
operational issues and more volatility in the international market.
We expect Warrior will generate $120 million-$130 million of FOCF
in 2021, which is well above its 2020 level of $25 million but also
below the 2019 pre-pandemic level of $425.5 million. We estimate
Warrior could generate similar FOCF in 2022 ($120 million-$130
million) assuming mine No. 7 operates at 1.1 million short tons per
quarter and mine No. 4 restarts at limited capacity. However, we
believe that further production disruption at the mines due to the
labor strike coupled with weaker-than-expected met coal prices
could potentially lead to adjusted leverage increasing over 4x and
FOCF dropping below $70 million in 2022. Therefore, we continue to
incorporate the risks associated with Warrior's relatively small
size ($770 million-$800 million of forecast revenue in 2021) and
considerable asset concentration (currently only operating one
mine--No. 7 at reduced capacity and partially restarted mine No. 4
at very limited capacity). These risks lead us to an issuer credit
rating that is one notch lower than our business risk and financial
risk assessments would otherwise imply."

A strained labor relationship with the UMWA, the labor union that
represents approximately 67% of Warrior's employees, could
negatively affect the company's productivity; profitability; and
ultimately, its ability to fulfil its customer commitments. If the
strike is prolonged, Warrior could face continued low production
and elevated unit costs. Moreover, S&P believes that persistent
risks to worker safety in met coal mining could make the
negotiation of a new collective bargaining agreement unusually
challenging amid tight labor conditions.

The negative outlook on Warrior reflects the possibility of further
disruption of production and shipment activities due to a prolonged
labor strike. S&P believes that this downside scenario could result
in adjusted leverage reaching or exceeding 4x over the next 12
months due to lower-than-expected sales volumes and higher
operating costs. This would be roughly two turns higher than its
base case forecast.

S&P would lower its rating on Warrior in the next 12 months if its
leverage increased to or above 4x. This could occur if:

-- The strike were prolonged and led to higher operating costs,
labor shortages, and reduced production; and

-- Prolonged Chinese import restrictions or reduced demand caused
the Australian premium low volatility index to decline below S&P's
current expectations for the next 12 months.

S&P could revise its outlook on Warrior to stable in the next 12
months if adjusted leverage remained comfortably below 4x, which we
expect would occur if:

-- It reached a new collective bargaining agreement with its union
labor force that does not materially reduce its profitability,
assuming metallurgical prices return close to historical averages;
and

-- The company restarted its idled mines and restored its
production to normal levels (an annualized run rate of 7
million-7.5 million short tons).



WB SUPPLY: Combined Plan & Disclosures Confirmed by Judge
---------------------------------------------------------
Judge Brendan L. Shannon has entered findings of fact, conclusions
of law and order confirming the First Amended Combined Disclosure
Statement and Chapter 11 Plan of Liquidation of WB Supply LLC.

The Combined Plan and Disclosure Statement was negotiated in good
faith and at arm's length, and the Debtor has not engaged in any
collusive or unfair conduct in connection with the Combined Plan
and Disclosure Statement.

All objections, responses, statements, and comments in opposition
to the Combined Plan and Disclosure Statement, other than those
withdrawn with prejudice, waived, or settled prior to, or on the
record at, the Combined Hearing, shall be, and hereby are,
overruled in their entirety.

On and after the Effective Date, the Court shall retain
jurisdiction, to the fullest extent possible under law, over all
matters arising in, arising under, and related to the Chapter 11
Case, the Combined Plan and Disclosure Statement, and the Creditor
Trust Agreement for, among other things:

     * to hear and determine any objections to Claims and to
address any issues relating to Disputed Claims;

     * to decide or resolve any motions, adversary proceedings,
contested or litigated matters, and any other matters and grant or
deny any applications involving the Debtor that may be pending on
the Effective Date; and

     * to resolve any disputes concerning whether a Person or
Entity had sufficient notice of the Chapter 11 Case, the Bar Date,
or the Confirmation Hearing for the purpose of determining whether
a Claim or Equity Interest is discharged hereunder, or for any
other purpose.

A copy of the Plan Confirmation Order dated Nov. 18, 2021, is
available at  https://bit.ly/3nyv9wy from Stretto, the claims
agent.

Counsel for the Debtor:

     CHIPMAN BROWN CICERO & COLE, LLP
     William E. Chipman, Jr.
     Robert A. Weber
     Mark D. Olivere
     Hercules Plaza
     1313 North Market Street, Suite 5400
     Wilmington, Delaware 19801
     Telephone: (302) 295-0191
     Facsimile: (302) 295-0199
     E-mail: chipman@chipmanbrown.com
             weber@chipmanbrown.com
             olivere@chipmanbrown.com

                         About WB Supply

WB Supply LLC is a privately held pipe and supply company based in
Pampa, Texas. Founded in 1971, WB Supply has grown to more than a
dozen locations in multiple states, including Texas, Oklahoma, and
New Mexico.

WB Supply sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Case No. 21-10729) on April 20, 2021.  At the time
of filing, the Debtor had between $10 million and $50 million in
both assets and liabilities.

Judge Brendan Linehan Shannon oversees the case.

The Debtor tapped Chipman Brown Cicero & Cole, LLP as its legal
counsel, Great American Global Partners, LLC as liquidation agent,
and EHI, LLC, a division of KBF CPAS LLP, as restructuring advisor.
EHI President Edward Hostmann serves as the Debtors chief
restructuring officer.  Stretto is the claims and noticing agent
and administrative advisor.

The U.S. Trustee for Region 3 appointed an official committee of
unsecured creditors in the Debtors case on April 29, 2021.  The
committee is represented by William A. Hazeltine, Esq.


WILSON GOMER MD: Taps Robinstar Business as Accountant
------------------------------------------------------
Wilson Gomer MD Professional Corporation seeks approval from the
U.S. Bankruptcy Court for the Central District of California to
employ Robinstar Business & Tax Consulting, Inc. as its
accountant.

The Debtor requires an accountant to manage its books and prepare
its monthly operating reports and income tax returns.

Robinstar will be paid $1,000 per month and reimbursed for
out-of-pocket expenses incurred.

Wilson Gomer, a partner at Robinstar, disclosed in a court filing
that his firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Wilson Gomer
     Robinstar Business & Tax Consulting, Inc.
     1251 3rd Ave., Unit 103
     Chula Vista, CA 91911
     Tel: (619) 422-4395

                About Wilson Gomer MD Professional

Wilson Gomer MD Prof Medical Corporation sought protection for
relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Calif.
Case No. 21-13502) on June 25, 2021, listing under $1 million in
both assets and liabilities. Judge Wayne E. Johnson oversees the
Debtor's Chapter 11 case.  Dr. Timothy J. Stacy is the patient care
ombudsman appointed in the case.

Jason E. Turner, Esq., at J. Turner Law Group, APC and Robinstar
Business & Tax Consulting, Inc. serve as the Debtor's legal counsel
and accountant, respectively.


XOTICAS LAREDO: Plan to Pay Sale Proceeds, Adversary to Unsecureds
------------------------------------------------------------------
Xoticas Rio Grande Valley, L.P. ("Xoticas RGV"), filed with the
U.S. Bankruptcy Court for the Southern District of Texas a Combined
Plan and Disclosure Statement dated November 16, 2021.

The court entered an order on March 18, 2021 allowing the Xoticas
Laredo, L.P. bankruptcy case (21-50007) and the Xoticas Rio Grande
Valley, L.P. case (21- 50008) to be jointly administered under the
case number for Xoticas Laredo, L.P., 21 50007.

Debtor is a limited partnership in Pharr, Texas. It is owned by a
limited partner and general partner who also owns Xoticas Laredo,
L.P. in Laredo, Texas.

Following Pandemic-related hardships in early 2020, the Debtor's
club, through its parent company, KDS III Land Development, LLC
("KDS"), began the process of selling the Club and real property to
a third party, ARC Investments II, LLC, ("ARC" and sometimes, the
"Buyer"). The plan called for KDS to sell the real estate to ARC
and for Debtor to sell itself to N. Cage Foods, LLC.

The Plan is to execute the sale of the real property and continue
to litigate the Adversary in order to restore Debtor's ABL,
Certificate of Occupancy, and Water Utilities. If such licenses and
water utilities are restored to Debtor, Debtor will enter into a
management agreement with N. Cage Foods, LLC for N. Cage Foods, LLC
to manage the day-to-day operations of Debtor's business (the Club)
subject to Debtor's control and under Debtor's licensing until such
a time as Buyer can obtain all required licenses to operate an
alcohol-serving adult-oriented establishment at 4502 N.  Cage Blvd.
in Pharr, Texas.

The sale of the Club (Debtor's business) will be contingent upon
Buyer's ability to obtain all required licenses to operate an
alcohol-serving adult-oriented establishment. Once Buyer obtains
such licenses, any management agreement between Debtor and Buyer
(if any), will terminate and the sale of the Club (Debtor's
business) will execute.

Both the Xoticas in Laredo and the Rio Grande Valley were forced to
cease all operations in mid-March of 2020 with the advent of the
Covid-19 Pandemic and the Governor's order closing bars. Both
Debtors operate from leased premises.

The City of Pharr objected to the existence of and operation of
Xoticas RGV. In January they revoked the Debtor's Sexually Oriented
Business License, the Debtor's certificate of occupancy, and turned
off the water supply to the building the Debtor leases. Debtor has
filed an adversary case No. 21-05002 seeking a temporary
restraining order, permanent injunction, and damages against the
City of Pharr.

The owner of the real estate has agreed that $100,000.00 from the
sales proceeds of the real estate sale to ARC will be paid to the
Debtor for the personal property associated with the operation of
the club. Any recovery by the Debtor from the lawsuit against the
City of Pharr will be used to pay the Debtor's litigation expenses
and as much of its Debt as it can in the priority provided in the
Code. The sales proceeds and any recovery from the adversary should
greatly exceed any value that could be obtained through a
liquidation of the Debtor's assets.

Debtors propose to: (1) sell the club as a going concern; and, (2)
apply the net proceeds recovered from the City of Pharr for its
wrongful conduct in the order of priority provided in the Code. The
reorganized Debtor will then go out of business.

The Plan will treat claims as follows:

     * Class 1 shall consist of the claims of ad valorem tax
entities for claims secured by the Debtor's personal property as
stated in the Proof of Claim (POC) 3-1 for Hidalgo County in the
amount of $60,485.21. This claim will be paid in full with regular
monthly payments of principal and statutory interest beginning on
the Effective Date and extending to a date five years from the date
of the Petition for Relief.

     * Class 2 consists of the allowed secured claim of the U.S.
Small Business Administration (SBA) filed in the Claims Register as
P.O.C. 6-1 in the amount of $150,000.00. This claim will be paid in
full, unless otherwise forgiven, with regular monthly payments of
principal and contractual interest beginning on the first payment
date of the Note creating the debt. The term of the Note will be
extended for six months beyond its current term of fifteen years.

     * Class 3 shall consist of the priority tax claims. The IRS
priority tax claim as stated in POC 6-7 filed in the Claims
register of this case in the amount of $250,521.42. The priority
tax claims asserted by the Texas Comptroller of Public Accounts
stated as stated in: POC 9-1 in the amount of $920,188.17; POC 11 1
in the amount of $39,641.01; POC 12-1 in the amount of $4,108.45;
POC 13-1 in the amount of $11,635.10; POC 14-1 in the amount of
$9,843.93; and POC 15-1 in the amount of $9,174.45. The IRS
priority claim and the Comptroller claims will be paid a pro rata
distribution from the proceeds of the sale of the Debtor's assets.
The claims will be paid only partially until the proceeds from the
sale of the Debtor's assets are exhausted.

     * Class 4 shall consist of the Allowed General Unsecured
Claims of the IRS. The total of Class 4 Claims is $280,4615.21.
There will be no funds left from the liquidation of the Debtor's
assets after the payment of the priority tax claims. Nothing will
be paid on these claims through the Plan. Class 4 is impaired.

     * Class 5 shall consist of the Allowed General Unsecured
Claims. The Total of Class 4 Claims is $230,378.97. There will be
no funds left from the liquidation of the Debtor's assets after the
payment of the priority tax claims. The only funds that will be
available to pay these claims on a prorate basis will be damages
recovered by the Debtor from the City of Pharr in the Debtor's
adversary against the City of Pharr. If there is such a recovery,
these claims will be pro-rata from said recovery.

     * Class 6 shall consist of the people or entities holding an
equity interest in the Debtor. There will be no funds left from the
liquidation of the Debtor's assets after the payment of the
priority tax claims. Nothing will be paid on these claims through
the Plan.

The Debtors are going to pay what they have and realize from: (1)
the sale of its assets as part of the sale of the leased premises
from which it operates; and, (2) the recovery, if any, from the
City of Pharr in the Debtor's adversary against said city. The
proceeds of the sale and the recovery from the lawsuit will be paid
to the Debtor's creditors in the order of priority established in
the Code.

A full-text copy of the Combined Plan and Disclosure Statement
dated Nov. 16, 2021, is available at https://bit.ly/30ByCRY from
PacerMonitor.com at no charge.

The Debtors are represented by:

     Carl Michael Barto, Esq.
     Law Office of Carl M. Barto
     817 Guadalupe St.
     Laredo, TX 78040
     Phone: 956 725-7500
     Fax: 956 722-6739
     Email: cmblaw@netscorp.net

               About Xoticas Laredo LP and Xoticas
                       Rio Grande Valley LP

Xoticas Laredo LP and Xoticas Rio Grande Valley, LP, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Tex. Lead Case No. 21-50007) on Jan. 21, 2021.  At the time of the
filing, the Debtors each had estimated assets of between $50,001
and $100,000 and liabilities of between $1 million and $10 million.
Judge David R. Jones oversees the Debtors' cases.  The Debtors are
represented by the Law Office of Carl M. Barto.


[^] BOND PRICING: For the Week from November 15 to 19, 2021
-----------------------------------------------------------

  Company                  Ticker    Coupon Bid Price   Maturity
  -------                  ------    ------ ---------   --------
Aptiv Corp                 APTV        4.15   106.594  3/15/2024
BPZ Resources Inc          BPZR         6.5     3.017   3/1/2049
Basic Energy Services Inc  BASX       10.75      7.25 10/15/2023
Basic Energy Services Inc  BASX       10.75    15.125 10/15/2023
Buffalo Thunder
  Development Authority    BUFLO         11        50  12/9/2022
Carlson Travel Inc         CARLTV      11.5         3 12/15/2026
Carlson Travel Inc         CARLTV      11.5      34.5 12/15/2026
Diamond Sports Group
  LLC / Diamond Sports
  Finance Co               DSPORT     6.625    23.214  8/15/2027
Diamond Sports Group
  LLC / Diamond Sports
  Finance Co               DSPORT     6.625     22.66  8/15/2027
Endo Finance LLC           ENDP        5.75    92.866  1/15/2022
Endo Finance LLC           ENDP        5.75    92.866  1/15/2022
Energy Conversion Devices  ENER           3     7.875  6/15/2013
Energy Future Competitive
  Holdings Co LLC          TXU        0.964     0.072  1/30/2037
Flexential Intermediate    PEAKTE     11.25    107.25   8/1/2024
Flexential Intermediate    PEAKTE     11.25       107   8/1/2024
GNC Holdings Inc           GNC          1.5     0.747  8/15/2020
GTT Communications Inc     GTTN       7.875        13 12/31/2024
GTT Communications Inc     GTTN       7.875     12.25 12/31/2024
Goodman Networks Inc       GOODNT         8        45  5/11/2022
MAI Holdings Inc           MAIHLD       9.5    19.096   6/1/2023
MAI Holdings Inc           MAIHLD       9.5    19.125   6/1/2023
MAI Holdings Inc           MAIHLD       9.5    19.096   6/1/2023
MBIA Insurance Corp        MBI     11.38375    10.192  1/15/2033
MBIA Insurance Corp        MBI     11.38375    10.137  1/15/2033
MF Global Holdings Ltd     MF             9    15.625  6/20/2038
MF Global Holdings Ltd     MF          6.75    15.625   8/8/2016
Nine Energy Service Inc    NINE        8.75     53.48  11/1/2023
Nine Energy Service Inc    NINE        8.75    53.216  11/1/2023
Nine Energy Service Inc    NINE        8.75    52.967  11/1/2023
OMX Timber Finance
  Investments II LLC       OMX         5.54     0.836  1/29/2020
Renco Metals Inc           RENCO       11.5    24.875   7/1/2003
Revlon Consumer Products   REV         6.25    44.681   8/1/2024
Riverbed Technology Inc    RVBD       8.875    67.645   3/1/2023
Riverbed Technology Inc    RVBD       8.875    67.645   3/1/2023
SAFG Retirement Services   AIG          5.6   195.652  7/31/2097
Sears Holdings Corp        SHLD       6.625     2.833 10/15/2018
Sears Holdings Corp        SHLD       6.625     3.434 10/15/2018
Sears Roebuck Acceptance   SHLD         7.5     1.164 10/15/2027
Sears Roebuck Acceptance   SHLD         6.5      1.27  12/1/2028
Sears Roebuck Acceptance   SHLD           7     1.165   6/1/2032
Sears Roebuck Acceptance   SHLD        6.75     1.357  1/15/2028
Sempra Texas Holdings      TXU         5.55      13.5 11/15/2014
Talen Energy Supply LLC    TLN          4.6    87.262 12/15/2021
TerraVia Holdings Inc      TVIA           5     4.644  10/1/2019
Trousdale Issuer LLC       TRSDLE       6.5        33   4/1/2025



                            *********

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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
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