---

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

              Monday, January 17, 2022, Vol. 26, No. 16

                            Headlines

286 RIDER AVE: Amends Be-Aviv Claims Pay; Plan Hearing Feb. 9
3200 MYERS STREET: Case Summary & 20 Largest Unsecured Creditors
A&E ADVENTURES: $59K Sale of Tesla Model Y to AutoBuy Approved
AIP RD BUYER: Moody's Assigns B2 CFR; Outlook Stable
AIP RD BUYER: S&P Assigns 'B' ICR on Acquisition, Outlook Stable

AIRSEATRANS LLC: Unsecured Creditors to Recover 4% to 8% in Plan
AMAZING ENERGY: Deadline to Bid on Assets Set for February 11
AMERICAN AUTO: Moody's Assigns B3 CFR, Rates 1st Lien Loan 'B2'
AMERICAN AUTO: S&P Assigns 'B-' ICR, Outlook Stable
AMERICAN EAGLE: Case Summary & 30 Largest Unsecured Creditors

AMERICAN SLEEP: Unsecureds to Get No Less Than 25% in Plan
ANDREW YOUNG: $150K Sale of Gary Property to Broderick Approved
AUBURN RAVINE: Case Summary & One Unsecured Creditor
BAIRN LLC: All Classes Unimpaired in Liquidating Plan
BHCOSMETICS HOLDINGS: Case Summary & 20 Top Unsecured Creditors

BIZGISTICS INC: $33.5K Sale of Three Del McGee Vehicles Approved
BOLT DIESEL: Unsecured Creditors Will Get 5% of Claims in 5 Years
BOY SCOUTS OF AMERICA: Sex-Abuse Claims Likely to Be Paid in Full
BOY SCOUTS: Gregory Stacker Represents Unsecured Claimant
BOY SCOUTS: Swartz & Swartz Represents Abuse Survivors

BOYCE HYDRO: Hearing on $165K Sale of Gladwin Asset Set for Jan. 20
BRAZOS ELECTRIC: Judge Jones Narrows ERCOT $2-Bil. Defense Bill
BSK HOSPITAL GROUP: Tanya Holland Closes Brown Sugar Kitchen
CANNABICS PHARMACEUTICALS: Incurs $1.3M Net Loss in First Quarter
CCO HOLDINGS: Fitch Rates Unsecured Notes Due 2032 'BB+'

CCO HOLDINGS: S&P Assigns 'BB' Rating on New Sr. Unsecured Notes
CHARTER COMMUNICATIONS: Moody's Rates New Sr. Unsecured Notes 'B1'
CHINA FISHERY: Unsecured Creditors to Get 8.75% in PAIH Plan
CLEANSPARK INC: To Hold Annual Meeting of Stockholders on March 15
COMMERCIAL METAL: Fitch Rates New $300MM Unsec. Notes 'BB+'

COMMERCIAL METALS: Moody's Rates New $300MM 10-Yr. Sr. Notes 'Ba2'
COMMERCIAL METALS: S&P Assigns 'BB+' Rating on New Unsecured Notes
COVANTA HOLDING: Moody's Assigns Ba3 CFR; Outlook Stable
CRECHALE PROPERTIES: $1.6M Sale of Hattiesburg Property Withdrawn
CROSSPLEX VILLAGE: Says Global Resolution Reached

CYBER LITIGATION: To Seek Plan Confirmation on Feb. 16
DIAMOND SPORTS: Gets $600 Mil. New Financing to Manage Debt
EDWARD DON: Moody's Affirms B3 CFR; Outlook Still Negative
ELAINE M. REED: Sale of Franklin Real Property to Svecs Approved
FUEL DOCTOR: Appoints Three New Board Members

FUTURE PUBLIC SCHOOL: Moody's Rates 2022A/2022B Bonds 'Ba2'
GERALD LEE GRAY: Court Approves Proposed Sale of Clintwood Property
GERALD LEE GRAY: Court Approves Sale of Farm Equipment for $6.5K
GLORIA HERNDON: Meyers Rodbell Represents Homeowners
GOTSPACE DATA: Voluntary Chapter 11 Case Summary

GREENSILL CAPITAL: Credit Suisse Files $1.2B Insurance Claims
HARRIS PHARMACEUTICAL: $250K Sale of Assets to Prasco Approved
HEALTHE INC: Owes Crystal IS and Its Owner $2.7 Million
HK FACILITY SERVICES: Unsecureds to Get 100% in 22 Months
HOSPEDERIA VILLA: Court Confirms Subchapter V Plan

ILD CORP: Liquidating Agent's $4K Sale of Remnant Assets Approved
INTELLIPHARMACEUTICS INT'L: Board Member Kenneth Keirstead Dies
JOHNSON & JOHNSON: Legal Shield Dispute for Bankruptcy Court
JW ALUMINUM: S&P Upgrades ICR to 'B-', Outlook Stable
KETTNER INVESTMENTS: Further Fine-Tunes Plan Documents

LATAM AIRLINES: Local Creditors Cry Foul Over 80% Losses
LIVEONE INC: CEO Forgoes Monthly Cash Salary for Six Months
LOADCRAFT INDUSTRIES: Taps Waller Lansden as Bankruptcy Counsel
LOGISTICS GIVING: Case Summary & 16 Unsecured Creditors
MALLINCKRODT PLC: Further Fine-Tunes Plan Documents

MARY BRICKELL: Court Confirms Plan With Mortgage Settlement
MIAMI COMMUNITY CHARTER: Moody's Rates 2020/2022 Bonds 'Ba2'
MIDWEST MEDICAL: Case Summary & Five Unsecured Creditors
MILLENNIUM GRANITE: Taps Kiem Law as Bankruptcy Counsel
MOUNTAIN PROVINCE: Reports Q4, Full Year 2021 Production Results

NAVITAS MIDSTREAM: Fitch Hikes LongTerm IDR to 'B+', Outlook Pos.
NEPHROS INC: Anticipates Full-Year Net Revenue of $10.4 Million
NEW YORK HAND: Blames Bankruptcy Over Landlord-Tenant Dispute
NITROCRETE LLC: Colorado Court Sets Auction of Assets for Jan. 20
NITROCRETE LLC: NITROcrete Equipment's Sale of Vehicles Approved

NORDIC AVIATION: Akin Gump, Woods Represent NAC 29 Noteholders
NORTONLIFELOCK: Moody's Confirms Ba2 CFR on Avast Acquisition
OCEAN DEVELOPMENT: Voluntary Chapter 11 Case Summary
OLYMPUS POOLS: Major Creditor Wants Bankruptcy Case Tossed
PADDOCK ENTERTAINMENT: Plans $610M Asbestos Claims Trust Fund

PALMS BLVD VENICE: Voluntary Chapter 11 Case Summary
PARADIGM PROPERTY: Unsecureds to Get Share of Income for 5 Years
PARADISE REDEVELOPMENT: $1.3M Sale of East Palo Alto Property OK'd
PARKER MEDICAL: Case Summary & 8 Unsecured Creditors
PARKERVISION INC: Registers 1.6M Common Shares for Possible Resale

POLAR POWER: Rajesh Masina Quits as Chief Operating Officer
POWER STOP: S&P Assigns 'B' Issuer Credit Rating, Outlook Stable
PRIME GLOBAL: Bid Procedures for Condo & Aviator Way Property OK'd
QHC FACILITIES: Has 'Grave Concerns', Judge Shodeen Says
RANGE RESOURCES: Moody's Rates New $500MM Unsec. Notes Due 2030 'B1

RANGE RESOURCES: S&P Upgrades ICR to 'BB-' on Debt Paydown
SISTEMA UNIVERSITARIO: S&P Affirms 'BB+' Issuer Credit Rating
SORENSON COMMUNICATIONS: Moody's Lowers CFR to B3; Outlook Stable
SUNEDISON INC: Duetsche Bank to Sue Apollo, Elliott Over Loan Feud
TALEN ENERGY: Fitch Lowers LongTerm IDR to 'CCC'

TELKONET INC: Closes Financing Transaction With VDA Group
TOP FLIGHT INVESTMENTS: Taps Abbasi Law Corporation as Counsel
TPT GLOBAL: Subsidiary to Open First "QuikLab" Portable Lab
TRIDENT HOLDINGS: Unsecureds to Get $4K per Month for 60 Months
WASTEQUIP LLC: S&P Downgrades ICR to 'B-' on Supply Chain Pressure

[*] Justice Dept. Top Bankruptcy Watchdog Cliff White to Retire
[*] SierraConstellation Promotes Tom Lynch to President & COO
[^] BOND PRICING: For the Week from January 10 to 14, 2022

                            *********

286 RIDER AVE: Amends Be-Aviv Claims Pay; Plan Hearing Feb. 9
-------------------------------------------------------------
286 Rider Ave Acquisition, LLC, submitted an Amended Disclosure
Statement for Plan of Reorganization dated Jan. 6, 2022.

The Debtor is the owner of the real property located at 286 Rider
Avenue, Bronx, New York ("Property").  On July 15, 2021 the Debtor
filed its chapter 11 case after pre-petition efforts to obtain the
book and records from 286 Rider Ave Development LLC ("Development")
that failed. The bankruptcy was filed in order to sell the property
under either section 363 or pursuant to a plan of reorganization in
order to satisfy its creditors including the secured obligation
owing to Lender.

The Plan provides for a sale of the Property to the Purchaser
procured under the Bid Procedures. Upon the Closing of the sale,
the Sale Proceeds will be distributed to creditors in the order of
their statutory priority.

Class 2 consists of the Be-Aviv Secured Claim. The holder of the
Be-Aviv Secured Claim shall receive either (a) if Be-Aviv is not
the Successful Bidder for the Property in accordance with the Bid
Procedures, Cash from the Sales Proceeds up to the amount of the
Allowed Be-Aviv Secured Claim or (b) if Be-Aviv is the Successful
Bidder pursuant to a credit bid in accordance with the Bid
Procedures, Be-Aviv shall receive the Property in full satisfaction
of the DIP Claim and Be-Aviv Secured Claim.

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

     * Each holder of an Allowed General Unsecured Claim in Class 4
shall receive on the Effective Date, its Pro Rata share of the
remaining Cash Sale Proceeds, if any, after (i) payment in full of
all senior Claims including the DIP Claim, Allowed Administrative
Claims (including Professional Fees), Allowed Administrative Tax
Claims, Allowed Priority Claims, and Allowed Claims in Classes 1, 2
and 3.

     * The holders of Existing Equity Interests will receive on the
Effective Date their Pro-Rata share of the remaining Cash Sale
Proceeds, if any, after payment in full of all senior Claims
including DIP Claims, Allowed Administrative Claims (including
Professional Fees), Allowed Administrative Tax Claims, Allowed
Priority Claims, and Allowed Claims in Classes 1 through 4.

Except in the case of a credit bid by a secured creditor, the Plan
shall be funded by the Sale Proceeds. In the event of a credit bid
for the Property, only Claims senior to those of the entity making
the credit bid will be satisfied by a Cash payment under the terms
of this Plan. If there is no credit bid for the Property, the
Property will be purchased only by a Cash bid at the Auction under
the Bid Procedures approved by the Court. The Cash remaining after
payment of the expenses of the Sale Transaction shall constitute
the Sale Proceeds available for distribution to Creditors under the
Plan. Creditor distributions not made at Closing will be made from
Sale Proceeds by Debtor's counsel as the Disbursing Agent in
accordance with the terms of the Plan.

On January 5, 2022, the Bankruptcy Court conditionally approved
this Disclosure Statement as containing adequate information of a
kind and in sufficient detail to enable a hypothetical holder of an
Allowed Claim to make an informed judgment whether to accept or
reject the Plan.

All completed ballots must be actually received by the ballot
collector at the following address no later than 4:00 p.m. on
February 4, 2022 (the "Voting Deadline").

Confirmation Hearing will be held on February 9, 2022 at 10:00
a.m., and objections and responses to confirmation of the Plan, if
any, must be served and filed as to be received on or before the
Plan Objection Deadline February 4, 2022 at 4:00 p.m.

A full-text copy of the Amended Disclosure Statement dated Jan. 6,
2022, is available at https://bit.ly/3nplibO from PacerMonitor.com
at no charge.

Attorneys for the Debtor:

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

                 About 286 Rider Ave Acquisition

286 Rider Ave Acquisition, LLC, filed a Chapter 11 petition (Bankr.
S.D.N.Y. Case No. 21-11298) on July 15, 2021.  At the time of the
filing, the Debtor had between $1 million and $10 million in both
assets and liabilities. Lee E. Buchwald, manager, signed the
petition.  Judge Lisa G. Beckerman oversees the case.  Fred B.
Ringel, Esq., at Robinson Brog Leinwand Greene Genovese & Gluck,
P.C., serves as the Debtor's legal counsel.


3200 MYERS STREET: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: 3200 Myers Street Partners, LLC,
        a California limited liability company
        3151 Airway Avenue, Ste A-1
        Costa Mesa, CA 92626

Chapter 11 Petition Date: January 14, 2022

Court: United States Bankruptcy Court
       Central District of California

Case No.: 22-10057

Judge: Hon. Scott C. Clarkson

Debtor's Counsel: Robert P. Goe, Esq.
                  GOE FORSYTHE & HODGES LLP
                  18101 Von Karman Avenue
                  Suite 1200
                  Irvine, CA 92612-7127
                  Tel: (949) 798-2460
                  Fax: (949) 955-9437
                  Email: rgoe@goeforlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Robert P. Mosier, chief restructuring
officer.

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/3SA3KNA/3200_Myers_Street_Partners_LLC__cacbke-22-10057__0001.0.pdf?mcid=tGE4TAMA


A&E ADVENTURES: $59K Sale of Tesla Model Y to AutoBuy Approved
--------------------------------------------------------------
Judge Laurel M. Isicoff of the U.S. Bankruptcy Court for the
Southern District of Florida, Miami Division, has authorized A&E
Adventures LLC to sell the 2021 Tesla Model Y, VIN
5YJYGDEE8MF118931, to AutoBuy, doing business as We Pay the Max,
for $59,000.

The sale is free and clear of all liens.

Claim No. 1 filed by Wells Fargo Bank N.A., doing business as Wells
Fargo Auto, will be paid in full from such sale.   

A hearing on the Motion was held on Jan. 5, 2022, at 9:30 a.m.

The Purchaser:

      AUTOBUY - DBA WE PAY THE MAX
      1100 West Oakland, Park Boulevard
      Wilton Manors, FL

                    About A&E Adventures LLC

A&E Adventures LLC, operating as GameTime, is a family
entertainment destination with fun indoor amusements offering a
full-service dining experience and full liquor sports bar in
Miami,
Fort Myers, Daytona, Ocoee, Tampa and Kissimmee where customers
can
play over 100 interactive games in the Mega Arcade. Customers can
enjoy a delicious lunch or dinner and watch any game on over 60
HDTVs. GameTime can also host large gatherings with full banquet
services.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 21-19272) on September
24, 2021. In the petition signed by Michael Abecassis, managing
member, the Debtor disclosed up to $50 million in both assets and
liabilities.

James C. Moon, Esq. at Meland Budwick, P.A. is the Debtor's
counsel.

Live Oak Banking Company, as secured lender, is represented by
Schiller, Knapp, Lefkowitz & Hertzel, LLP.



AIP RD BUYER: Moody's Assigns B2 CFR; Outlook Stable
----------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating
(CFR) and a B2-PD Probability of Default (PDR) to AIP RD Buyer
Corp. ("RelaDyne"), a wholly owned subsidiary of RelaDyne Holding
LP. Moody's also assigned B2 to the company's new $540 million 7
year first lien term loan. Proceeds from the $540 million first
lien TL, together with $165 million 2nd lien TL and $420 million in
new equity capital are expected to be used to finance the
acquisition of RelaDyne Holding LP by private equity firm American
Industrial Partners (AIP) for roughly $1,100 million, plus fees and
expenses. The transaction closed on December 23, 2021. The assigned
ratings are subject to final documentation. The outlook on the
ratings is stable.

"RelaDyne has the leading lubricant distribution platform in the
US, as well as a leading position as a distributor of fuel and the
largest provider of reliability services domestically," according
to Joseph Princiotta, Moody's SVP and senior analyst covering
RelaDyne. "However, initial balance sheet leverage is high with the
risk that leverage remains elevated or spikes as a result of M&A
objectives," Princiotta added.

Assignments:

Issuer: AIP RD Buyer Corp.

  Corporate Family Rating, Assigned B2

  Probability of Default Rating, Assigned B2-PD

  Senior Secured First Lien Term Loan, Assigned B2 (LGD3)

Outlook Actions:

Issuer: AIP RD Buyer Corp.

  Outlook, Assigned Stable

RATINGS RATIONALE

The ratings reflect the company's position as the leading domestic
distributor of lubricants, fuels, chemicals and other products, a
strong and experienced management team, and a good track record of
assimilations of acquisitions under a centralized ERP platform.
Free cash flow is projected to be positive and benefits from the
capex-lite model, tax assets that reduce cash taxes and no expected
dividend payments. Positive FCF also supports the company's M&A
efforts. Other strengths include barriers to entry stemming from
the unique national footprint, preferred supplier status among key
lubricant and fuel suppliers, and heavy exposure to recurring MRO
applications, which provide more reliable sales.

Offsetting factors in the credit profile include modest gross and
EBITDA margins, indicative of the distribution industry, and high
balance sheet leverage and the risk that leverage remains elevated
or spikes as a result of M&A objectives in this still highly
fragmented industry. Supplier concentration is also a risk in the
credit as the top 5 lubricant suppliers account for the majority of
supplied lubricant volumes. However, RelaDyne has good long term
relationships with these suppliers and is currently positioned as
their #1 or #2 distributor.

COVID had a significant impact on RelaDyne's business activity,
mainly in the second quarter of 2020, with annual sales down
roughly 25% on a volume decrease of about 15%, but gross profit
down by only 6.6% as centralized efficiencies and savings and
variable cost management supported profitability. Results through
September 2021 have shown good recovery. RelaDyne is the largest
domestic distributor of lubricants with 75 distribution centers and
a leader in fuel and reliability solutions, serving ~25,000
customers across three core end markets: Industrial, Commercial and
Passenger Car. RelaDyne is organized under two business units --
Distribution and Reliability Service; Distribution accounts for 88%
of gross profits while Services account for 12%.

The company distributes over 2,000 lubricant products, including
major brands supplied by Shell, Chevron, Phillips66, Valvoline and
Summit as well as DuraMAX, which is the company's own family of
private label branded products. The segment also distributes fuels,
chemicals and other products. Services provides turbo flushing,
in-line filtration, chemical cleaning and other services to all
three sectors but mainly to the industrial sector.

Having completed 12 acquisitions since 2016, the company is
expected to continue to be active in acquiring smaller distributors
adding to its distribution platform and leveraging off and
expanding its national footprint, further diversifying customer and
portfolio mix and penetrating key geographic and end markets.

ESG CONSIDERATIONS

Moody's also considers environmental, social and governance factors
in the ratings. As a distribution company, environmental risks and
social risks are categorized as moderate. The company has minimal
estimated environmental liability related expenditures of $709,000
as of December 31, 2020. RelaDyne does not expect to incur any
significant future capital expenditures related to environmental
matters. Governance risks are above-average, however, due to the
risks associated with private equity ownership, which include a
limited number of independent directors on the board, reduced
financial disclosure requirements as a private company and more
aggressive financial policies including higher leverage compared to
most public companies.

RelaDyne 's liquidity is adequate, and it is supported by a $150
million ABL revolver facility and is expected to be fully available
at closing. Cash balances are modest at roughly $8 million but are
likely to grow with free cash flow, excluding future cash use for
bolt-on acquisitions. The revolver contains a springing minimum
fixed charge coverage ratio test, triggered when specified excess
availability is less than 10%, with a covenant of 1.00x and no
step-downs. The term loans do not contain financial covenants.

As proposed, the new first lien, second lien and ABL credit
facilities are expected to provide covenant flexibility that if
utilized could negatively impact creditors. Notable terms include
the following:

The credit facilities allow for Incremental first and second lien
debt capacity up to the greater of $108.0 million and 100% of
Consolidated EBITDA, plus amounts reallocated from the general debt
basket, plus an additional uncapped amount subject to the first
lien net leverage ratio equal to or less than 5.0x (secured by the
Collateral on a pari passu basis with the first lien) or the senior
secured net leverage ratio equal to or less than 6.5x (for amounts
secured on a junior priority basis to the first liens). Amounts up
to the greater of $55.0 million and 50% of Consolidated EBITDA may
be incurred with an earlier maturity date than the initial term
loans.

Borrower is permitted to designate any existing or subsequently
acquired or organized subsidiary as an "unrestricted subsidiary,"
but transfers of assets to unrestricted subsidiaries are limited by
"blocker" provisions which prohibit transfers of material
intellectual property to, or ownership of such property by
unrestricted subsidiaries. Non-wholly-owned subsidiaries are not
required to provide guarantees; dividends or transfers resulting in
partial ownership of subsidiary guarantors could jeopardize
guarantees, subject to protective provisions which prevent releases
solely as a result of becoming non-wholly owned unless in a
transaction for bona fide business purposes with a non-affiliate.
There are protective provisions which would restrict certain
up-tiering transactions by prohibiting contractually subordinating
the liens securing the obligations to liens securing other debt
without affected lender consent in connection with any exchange of
the term loans for priming indebtedness, unless lenders are given
the opportunity to participate on a ratable basis.

The stable outlook assumes the company maintains its margins and
can grow its distribution footprint through acquisitions without
stressing the balance sheet above initial leverage, which is close
to 6.0x gross adjusted debt to EBITDA.

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

Moody's would consider upgrading the ratings if the pace and scale
of acquisitions contribute to EBITDA without increasing debt and
facilitates leverage improvement to below 4.5x and RCF/TD above
15%, both on a sustained basis.

Moody's would consider a downgrade if gross adjusted leverage rises
to the mid 6x range and stays there or RCF/TD falls below 5%, or if
margins, free cash flow or liquidity significantly weaken.

Headquartered in Cincinnati, Ohio with over 1,500+ employees,
RelaDyne distributes over 2,000 lubricant products through 75
distribution centers in the US. By gross profit breakdown, regional
exposure consists of 46% in the west, 24% in the south, 17% in the
north and 13% in the east. Revenues for the year ending December
31, 2020 were $1.194 billion, or $1.428 billion on a pro forma
basis for acquisitions in the period.


AIP RD BUYER: S&P Assigns 'B' ICR on Acquisition, Outlook Stable
----------------------------------------------------------------
S&P Global Ratings assigned its 'B' issuer credit rating to AIP RD
Buyer Corp. (RelaDyne). S&P also assigned its 'B' issue-level and
'3' recovery ratings to the company's proposed first-lien term
loan.

The stable outlook reflects S&P's view that the company's pro forma
leverage will decline to the low-6x area in 2022 from around 7x in
2021 with free operating cash flow to debt above 5% as demand
recovers to pre-pandemic levels.

AIP RD Buyer Corp., the parent company of U.S.-based lubricant and
fuel distributor RelaDyne Inc., plans to issue a new $540 million
first-lien term loan to refinance existing debt, in conjunction
with RelaDyne's acquisition by financial sponsor American
Industrial Partners from its previous owner Audax Group.

The company has already funded a new $150 million asset-based
lending facility, fully undrawn at close, and a privately placed
$165 million second-lien term loan.

RelaDyne has a narrow product focus in the highly fragmented and
competitive lubricant and fuel distribution industry, and its
products face cyclical demand. The company has elevated leverage
and is 100% owned by private equity sponsor American Industrial
Partners (AIP). Factors supporting credit quality include good
supplier, customer, end market, and geographical diversity, a
leading position in a fragmented market, which provides moderate
barriers to entry and makes the company the supplier of choice for
large industrial and commercial clients, and the recurring,
consumable nature of its products.

RelaDyne is the largest distributor of lubricants to the
industrial, commercial, and automotive end markets (40%, 39%, and
21% of revenues, respectively). With 81 distribution centers
throughout the U.S., the company is the only one with a nationwide
footprint. It also distributes fuel (in less than truckload markets
where fuel as a service is required) and provides specialized
maintenance services for large industrial equipment. The company
was acquired by private equity sponsor Audax in 2016 and has since
grown through a series of acquisitions of regional players before
its recent acquisition by AIP. Despite its leading position, the
company owns less than 3% of a highly fragmented market, which
mainly comprises small, regional players. Most of RelaDyne's
products are commoditized and demand largely depends on the U.S.
industrial economy, in which low-single-digit percent growth
typically parallels GDP trends. The fall in economic activity due
to COVID-19 led to a 25% drop in revenues in 2020 versus 2019, with
a more pronounced impact on reliability services than lubricant
distribution. S&P expects demand and revenues to go back to
pre-pandemic levels in 2022, in line with our general outlook for
the U.S. economy. The company has a multibrand product portfolio,
which mitigates reliance on any single supplier and provides
customized customer solutions that cannot be met by a single
manufacturer. Its customer base is also highly fragmented, with
long-standing relationships and low attrition.

S&P said, "We assess RelaDyne's profitability as average among
distributors, but we believe margins remain cyclical. The company's
focus on lubricants and specialized services (about 70% of
revenues) versus fuel benefits profitability, as these products and
services tend to command higher margins than fuel distribution.
RelaDyne's supplier mix is also favorable, with no significant
concentration and a skew toward the direct channel (about
two-thirds of revenues), rather than the indirect channel. In
contrast to direct accounts, where customer relationships are
controlled entirely by the distributor (thus effecting better price
control), indirect accounts are managed by the supplier and are
generally less profitable. RelaDyne should also benefit from its
network of distribution centers, as route density helps improve
margins and efficiency. Still, we believe rising freight/fuel costs
could pressure margins. The company has also incurred significant
acquisition integration costs in the past few years as it expanded
its operations through several acquisitions of regional players and
integrated them in its central enterprise resource planning
system.

"Although we expect solid free cash flow generation, RelaDyne's
debt leverage is elevated and its financial risk profile is
constrained by its financial sponsor ownership. We expect the
company's debt to EBITDA to stand at close to 7x in 2021, which we
view as very high. However, we forecast leverage to decline to the
low-6x area in 2022. Deleveraging will largely depend on demand
recovery, the company's ability to implement price increases, and
cost savings initiatives, while containing selling, general, and
administrative costs. Our view of the company's financial risk also
considers the risk of re-leveraging due to its financial sponsor
ownership. Nevertheless, we forecast Reladyne will generate free
operating cash flow (FOCF) of over $40 million annually in the next
couple of years given the business' minimal maintenance capital
expenditure (capex) requirements.

"The stable outlook reflects our view that the company's pro forma
leverage will decline to the low-6x area in 2022 from around 7x in
2021, with FOCF to debt above 5% as demand recovers to pre-pandemic
levels."

S&P could lower its rating if the company's operating performance
weakens such that it projects leverage to remain above 6.5x, with
FOCF to debt below 5%. This would be most likely due to:

-- Greater competition in its end markets;

-- An inability to contain costs; or

-- A spike in oil prices with limited ability to pass along price
increases.

Although S&P consider an upgrade unlikely at this time, S&P could
raise its ratings if:

-- The company increases its market share and profit margins such
that S&P expects debt to EBITDA to remain well below 5x and FOCF to
debt well over 10%; and

-- S&P expects a more conservative financial policy from its
private equity owner.



AIRSEATRANS LLC: Unsecured Creditors to Recover 4% to 8% in Plan
----------------------------------------------------------------
Airseatrans, LLC, filed with the U.S. Bankruptcy Court for the
District of Florida a Plan of Reorganization for Small Business
dated Jan. 6, 2022.

The Debtor commenced business in 2016 as a freight forwarder
(primarily flowers). The Debtor encountered several adverse
economic issues pre petition as a result of Covid 19 and internal
management issues.

The Debtor filed for Chapter 11 relief on August 9, 2021 and its
operations have continued to improve as Debtor anticipated and
projected at the commencement of the case. The Debtor's operations
and revenues significantly improved with gross revenues in August
2021($95,724.79), September 2021 ($49,599.54), October
($95,724.79), November 2021 ($266,000) and December
2021($309,860).

On or around the Effective Date (March 20, 2022) Debtor will make
payment to the Landlord of $100,000 pursuant to the Lease
Assumption Payment. Payments to priority, secured and
administrative claimants will commence on March 20, 2022. In order
to maximize the distribution to unsecured creditors, the
indebtedness owed to insiders is subordinated until after
completion of all Plan payments. The final Plan payment is expected
to be paid on March 20, 2025.

General Unsecured creditors with allowed claims will be paid
$153,333.20 over the life of the Plan, approximately 4%-8% which
will be disbursed pro rata on a quarterly basis commencing in year
2 of the Plan on June 20, 2023. The pro rata amount is approximate
as the precise amount of a disputed pending and uninsured personal
injury claim of Antonio Ochoa Flores and his wife Leidy Maldonado
is currently being negotiated with the claimant's counsel.

This Plan of Reorganization proposes to pay creditors of the Debtor
from cash flow from operations.

The Plan will treat claims as follows:

     * The Class 1 priority claim of the IRS in the amount of $
213,370.98 will be paid $1,309.93 per month months 1-10 of the
Plan, $8,045.18 over months 11-22 of the Plan and $8,712.37 over
months 23-34 of the Plan.

     * The Class 2 priority claim of the Florida Department of
Revenue in the amount of $6,815.56 will be paid $42.11 per month
months 1-10 of the Plan, $260.46 over months 11-22 of the Plan and
$282.05 over months 23-34 of the Plan.

     * The Class 3 priority wage claim of Victor Ordonez in the
amount of $2,000.00 will be paid $11.78 per month months 1-10 of
the Plan, $72.35 over months 11-22 of the Plan and $78.35 over
months 23-34 of the Plan.

     * The Class 4 secured claim of the US Small Business
Association secured to the amount of $125,000 will be paid $880.16
per month months 1-10 of the Plan, $4,817.73 over months 11-22 of
the Plan and $5,207.12 over months 23-34 of the Plan. Class 4 is
being paid 2% interest amortized over the life of the Plan. The SBA
shall have an undersecured claim in the amount of $31,142.29.

     * The Class 5 secured claim of the IRS in the amount of
$36,767.26 will be paid $258.98 per month months 1-10 of the Plan,
$1,421.70 over months 11-22 of the Plan and $1,536.18 over months
23-34 of the Plan. Class 5 is being paid 2% interest amortized over
the life of the Plan.

     * The Class 6 Secured claim of Wells Fargo Bank in the amount
of $23,200 shall be paid over 36 months at $644.00 per month
commencing on March 20, 2022. Wells Fargo Bank shall have an under
secured claim in the amount of $24,747.39.

     * The Class 7 allowed general unsecured creditors shall
receive quarterly pro rata distributions commencing on March 20,
2023 in the amount of $10,000.00 per quarter for 2 quarters, 6
quarters of $20,000.00 and $13,333.00 on February 2025 totaling
$153,333.20. Plan distribution of two PPP loans obtained by the
Debtor from Pay Pal, Inc. and Web Bank pre-petition in the amounts
of $84,517 and $85,524.18 will be reserved for pending Debtor's
applications for forgiveness. In the event the loans are forgiven
the reserved pro rata amount will be distributed pro rata to
general unsecured creditors by a supplemental payment the quarter
after a determination of forgiveness is made.

     * The Class 8 Equity shall maintain their equity ownership of
the Debtor.

The Debtor shall fund the plan from its revenues received from the
revenues derived from its operations which pursuant to its
projections is sufficient to pay the plan payments on a timely
basis.

A full-text copy of the Plan of Reorganization dated Jan. 06, 2022,
is available at https://bit.ly/3nsherg from PacerMonitor.com at no
charge.

Attorney for Debtor:

     Thomas L. Abrams, Esq.
     Gamberg & Abrams
     633 S. Andrews Avenue, Suite 500
     Fort Lauderdale, FL 33301
     Telephone: (954) 523-0900
     Facsimile: (954) 915-9016
     Email: tabrams@tabramslaw.com

                       About Airseatrans LLC

Airseatrans LLC -- https://www.airseatrans.com -- is an
international freight forwarder with in-house customs brokerage. It
offers door to door logistics, air freight and ocean freight,
ground transportation, courier services, free estimates, shipment
tracking, customs brokerage, on-site art handling and supervision,
packing and crating services.

Airseatrans sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 21-17747) on Aug. 9,
2021.  In the petition signed by Luis Eduardo Pineres, Jr.,
authorized representative, the Debtor disclosed $262,921 in assets
and $2,462,625 in liabilities.

The Honorable Robert A. Mark is the case judge.

The law firm of Gamberg & Abrams serves as the Debtor's legal
counsel.


AMAZING ENERGY: Deadline to Bid on Assets Set for February 11
-------------------------------------------------------------
Judge Brenda T. Rhoades of the U.S. Bankruptcy Court for the
Southern District of Mississippi authorized the bidding procedures
proposed by Amazing Energy MS, LLC, and affiliates in connection
with the auction sale of assets.

Jay D. Haber ("Neutral Party") is authorized to market the Assets
and conduct the Auction, under the terms and conditions described
in the Sale Procedures.

The total fee to be charged by Neutral Party for the sale to be
conducted is $15,000 to be paid from any unencumbered cash of
Amazing Energy Holdings, if any.

The Sale Hearing will be held in conjunction with and during the
Confirmation Hearing on the Plan Proponents' Joint Plan of
Liquidation, as amended. Objections or other protests to the
proposed sale, as permitted by the Sale Procedures, will be filed
and served upon the Plan Proponents and the Debtors and as
otherwise required under the Bankruptcy Rules and Local Rules.

Any motion that seeks to disqualify a party seeking to submit a
credit bid will be filed by Jan. 10, 2022 and will be set for
hearing at a date to be selected by the Court. For the avoidance of
doubt, nothing in the Order, the bidding procedures, or the asset
purchase agreement will authorize or require the transfer of any
Assets to the purchaser unless and until the purchaser (or its
duly-qualified operator) qualifies as a P-5 operator with the
Railroad Commission of Texas or its equivalent qualification with
the New Mexico Oil Conservation Division, which includes but is not
limited to the posting of all financial assurance requirements with
the Railroad Commission of Texas and/or the New Mexico Oil
Conservation Division, as operator for the oil and gas Assets.
Accordingly, as a condition of the transfer of the operatorship of
the oil and gas Assets to the purchaser (or its duly qualified
operator) as new operator, the purchaser will comply with all
applicable nonbankruptcy law (including but not limited to the
Texas Natural Resources Code) regarding the execution and filing of
a bond, letter of credit or cash deposit as financial security with
the Railroad Commission of Texas and/or with the New Mexico Oil
Conservation Division.

A copy of the Order and the Sale Procedures will be included in the
solicitation package of materials sent to creditors, parties and
parties in interest regarding the First Amended Disclosure
Statement and Joint Plan of Liquidation proposed by Plan
Proponents.

he Neutral Party will be the only party authorized to market the
Debtors' assets under these bid procedures.  No later than 10 days
after entry of the Order, any potential bidder, including but not
limited to the Debtors and their respective officers, directors,
owners, agents or other persons in control of the Debtors, AAPIM,
Benny Barton and the Plan Proponents will submit a list of
potential bidders to the Neutral Party, of whom they are aware who
might be interested in bidding.  The list will be to the best of
their recollection and in good faith, and certify that they are not
aware of any person or entity who has been left off the list to the
best of their knowledge.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Feb. 11, 2022, at 5:00 p.m. (CST)

     b. Initial Bid: The bid for assets which constitute an
unencumbered oil and gas lease will require a minimum cash bid of
$100,000 and for any other unencumbered tangible asset, a cash bid
of $25% of the bid amount.

     c. Deposit: 10% of the purchase price

     d. Auction: The Auction Date contemplated in the Sale
Procedures, if any, will be at such time and date as reasonably
determined by the Neutral Party.

Except with respect to Assumed Liabilities and Permitted
Encumbrances, all valid and properly perfected Liens against the
Debtors' Sale Assets will attach to the net cash proceeds
ultimately attributable to the Sale Assets.

A copy of the Bidding Procedures is available at
https://tinyurl.com/2p9h33aa from PacerMonitor.com free of charge.

                      About Amazing Energy

Amazing Energy MS, LLC, Amazing Energy Holdings, LLC, and Amazing
Energy, LLC, filed voluntary petitions for relief under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Miss. Case Nos. 20-01243,
201245 and 20-01244) on April 6, 2020.

On July 13, 2020, the cases were transferred to the U.S.
Bankruptcy
Court for the Eastern District of Texas and were assigned new case
numbers (20-41558 for Amazing Energy MS, 20 41563 for Amazing
Energy Holdings and 20-41561 for Amazing Energy LLC).  The cases
are jointly administered under Case No. 20-41558.

At the time of filing, Amazing Energy MS and Amazing Energy
Holdings disclosed assets of between $1 million and $10 million
and
liabilities of the same range while Amazing Energy, LLC estimated
$10 million to $50 million in assets and $1 million to $10 million
in liabilities.

Judge Brenda T. Rhoades oversees the cases.

The Debtors are represented by Heller, Draper, Patrick, Horn &
Manthey, LLC and Wheeler & Wheeler, PLLC.

Arnold Jed Miesner, Lesa Renee Miesner, and JLM Strategic
Investments, LP, as secured creditors are represented by:

     Carol Lynn Wolfram, Esq.
     Rosa R. Orenstein, Esq.
     Nathan M. Nichols, Esq.
     LAW OFFICE OF CAROL LYNN WOLFRAM
     P.O. Box 1925
     Denton, TX 76202-1925
     Tel: (940) 321-0019
     Fax: (940) 497-1143
     E-mail: clwolframlegal@gmail.com



AMERICAN AUTO: Moody's Assigns B3 CFR, Rates 1st Lien Loan 'B2'
---------------------------------------------------------------
Moody's Investors Service assigned a B3 corporate family rating and
a B3-PD probability of default rating to American Auto Auction
Group, LLC ("American Auto Auction Group"), a leading provider of
business-to-business used car auctions. Moody's also assigned B2
ratings to the new revolving credit facility and new first lien
term loan, and a Caa2 rating to the new second lien term loan that
American Auto Auction Group plans to arrange in connection with the
acquisition of the company by Brightstar Capital Partners. The
outlook is stable.

The B3 corporate family rating balances the company's sound
position in the market for used car auctions, its high profit
margins, attractive free cash flow, as well as very high financial
leverage. The B2 ratings of the proposed $60 million revolving
credit facility and the $570 million senior secured first lien term
loan reflect the priority claim of these instruments on
substantially all of the company's assets, while the Caa2 rating of
the proposed $180 million senior secured second lien term loan
takes into account the substantial amount of higher ranking debt in
the company's liability structure.

Assignments:

Issuer: American Auto Auction Group, LLC

  Corporate Family Rating, Assigned B3

  Probability of Default Rating, Assigned B3-PD

  Senior Secured 1st Lien Revolving Credit Facility, Assigned B2
  (LGD3)

  Senior Secured 1st Lien Term Loan B, Assigned B2 (LGD3)

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

Outlook Actions:

Issuer: American Auto Auction Group, LLC

  Outlook, Assigned Stable

RATING RATIONALE

The ratings are supported by American Auto Auction Group's position
as the third largest business-to-business vehicle auction and
remarketing company with 39 auction sites across 19 states. While
meaningfully smaller than the two largest auction companies,
American Auto Auction Group uses mainly in-lane auctions to allow
for in-person inspections of older vehicles that are less
commoditized in nature. Auction volumes for used cars are less
susceptible to economic downturns than new vehicle unit sales, in
Moody's view.

Profit margins are high. Moody's expects the EBITA margin to be in
the low 20% in 2022, with upside potential in 2023 as synergies -
net of integration costs - are realized. Moody's projections assume
that the average fee per car decreases in the next two years as
used car prices start to normalize. Given modest investment needs,
free cash flow is attractive. Moody's anticipates about $30 million
of free cash flow in 2022, likely improving to $40 million in
2023.

Financial leverage is very high, however. Debt/EBITDA is 7.9 times
in 2022 and 7.4 times in 2023 in Moody's estimate, which takes into
account a $240 million debt adjustment in connection with operating
leases for auction sites but does not assume any discretionary debt
repayments.

Liquidity is good, considering the attractive free cash flows, a
$60 million revolving credit facility and no significant debt
maturities until 2028.

Corporate governance considerations include credit risks related to
ownership by private equity firms, such as aggressive financial
policies that favor high leverage, the potential for sizeable
shareholder distributions and an acquisitive growth strategy.

The stable outlook reflects Moody's expectation of modest revenue
growth and prospects for improving profit margins and cash flows.

As proposed, the new senior secured term loan is expected to have
covenant flexibility that, if utilized, could negatively affect
creditors. The below are proposed terms and the final terms of the
credit agreement may be materially different. Notable terms include
the following:

Incremental first lien debt capacity up to (i) the greater of 1.00x
of EBITDA and $121m, plus (ii) unlimited amounts subject to a 4.75x
first lien net leverage ratio (if pari passu secured). Amounts up
to the greater of 50% of EBITDA and $61m may be incurred with an
earlier maturity date than the existing first lien term loans.
There are no express "blocker" provisions which prohibit the
transfer of specified assets to unrestricted subsidiaries; such
transfers are permitted subject to carve-out capacity and other
conditions.

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

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

The ratings could be upgraded if American Auto Auction Group
expands its presence in the used car auction market meaningfully
and decreases debt/EBITDA to less than 6 times. In addition, the
company would have to maintain EBITA margins above 20%, FCF/debt of
at least 3% and maintain good liquidity.

The ratings could be downgraded if revenue becomes pressured by
increased competition, disruption from online trends or other
factors. The ratings could also be downgraded if the EBITA margin
decreases below 17.5%, if the company does not demonstrate progress
in reducing debt/EBITDA to less than 7.5 times or if liquidity
weakens, including as a result of lower than expected free cash
flow.

American Auto Auction Group, LLC is a leading business-to-business
used car auction company that facilitates transactions between
buyers and sellers of used vehicles at physical and, increasingly,
digital marketplaces. The company is majority-owned by funds
managed by Brightstar Capital Partners.


AMERICAN AUTO: S&P Assigns 'B-' ICR, Outlook Stable
---------------------------------------------------
S&P Global Ratings assigned a 'B-' issuer credit rating for
American Auto Auction Group LLC, a U.S.-based used-car auction
provider.

S&P said, "Simultaneously, we assigned issue-level ratings to each
of the proposed credit facilities. We assigned the $60 million
undrawn cash flow revolver and $570 million first-lien term loan a
'B- issue-level rating and a '3' recovery rating, indicative of a
meaningful recovery (50%-70%; rounded estimate: 55%) in the event
of default. We assigned the $180 million second-lien term loan a
'CCC' issue-level rating with a '6' recovery rating, indicating
negligible recovery (0%) in the event of a payment default.

"The stable outlook for AAAG reflects our expectation that physical
in-lane auction volumes will remain steady over the next 12 months
and support the company's ability to generate cash flow.

"Our 'B-' issuer credit rating reflects AAAG's highly leveraged
capital structure, limited operating scale, and small market share
relative to automotive auction peers. The company competes directly
with well-capitalized peers (ADESA and Manheim) that maintain a
substantial market share within North America. The company has
differentiated itself from peers by focusing on in-lane physical
auctions that provide sellers of older light vehicles and trucks
(typically over seven years) an outlet for independent and
franchised dealerships seeking inventory. We view this position as
niche and will likely limit growth in market share, but we do not
expect this category of the auction market to dissipate. Buyers at
auctions in the older used-vehicle category have cited their
preference of sourcing automobiles in-lane because of the ability
to complete physical on-site inspections to assess the value of
light vehicles and trucks. As well, we generally view the used-car
market auctions to be relatively defensive in an economic
downturn."

While the company has gained market share in the physical auction
space during the COVID-19 pandemic, these gains could reverse.
Certain competitors elected to temporarily exit the physical
in-lane channel at the onset of the COVID-19 pandemic in a pivot to
shift volumes online, which resulted in AAAG capturing regional
share during a period of rising used-automobile prices. To the
extent these competitors were to aggressively re-enter the physical
auction channel and used-vehicle pricing moderated more than
expected, the company's revenue, volumes and profitability could be
negatively affected.

Digital auction marketplaces could displace AAAG's competitive
position in the physical auction channel that represents 95% of the
company's revenue.The automotive auction industry has observed an
increasing shift to digital platforms that has been stimulated
partially by regulatory mandates during the COVID-19 pandemic and
market participants seeking alternatives to sourcing vehicles in
the wholesale market. Digital solutions can allow buyers and
sellers of cars to circumvent the physical auction places and get
better prices. Examples of this include Carvana which has
aggressively grown its program to source cars directly from
consumers, and General Motors, which announced this week its
CarBravo platform that will help dealerships sell used cars
directly to consumers. Competitors participating in the digital
channel to date have endured below-average profitability; however,
to the extent that digital auctions are broadly adopted and results
in peers achieving scale in the older vehicle category, AAAG's
performance could be adversely affected.

S&P said, "AAAG's credit metrics are expected to remain consistent
with a highly leveraged financial risk profile in the projection
period through 2023 based on our assessment of the financial
sponsor's likely financial policies. We expect leverage to remain
over 8x over in the projection period, though the company's capex
requirements are relatively modest and free operating cash flow
(FOCF) to debt is expected to average 3%-5% over the same period.

"Consistent with the application of our group rating methodology
(GRM) criteria, we consider the company's corporate parent, AAAG
Holdings Inc., to be the group's parent entity and determine our
group credit profile (GCP) at the level of the parent AAAG Holdings
Inc. American Auto Auction Group LLC, which we consider to be a
core subsidiary, contributes virtually all of the group's revenue
and profit. We include the debt held at Floorplan HoldCo and
subsidiaries (roughly $50 million to $70 million to support
floorplan loans) in our analysis of the GCP and our overall
leverage calculations.

"The stable outlook for AAAG reflects our expectation that physical
in-lane auction volumes will remain steady over the next 12 months
and support the company's ability to generate cash flow.

"We could lower our rating on AAAG in the next 12 months if
used-vehicle auction volumes are adversely affected by competitive
pressures related to increased competition at physical auctions, or
if digital e-commerce platforms meaningfully disrupt the company's
core used-vehicle market position. These factors could result in
lower revenues and weaker profitability, causing debt to EBITDA to
remain unsustainably high and FOCF to remain negative for multiple
quarters such that it reduces the company's liquidity.

"Though unlikely over the next 12 months, we could raise our rating
on AAAG to 'B' if the company sustains leverage of less than 6.5x
and FOCF to debt of at least 3.0%. This improvement in credit
metrics could be achieved if AAAG's revenue outperformed our
expectations, the company successfully integrates AAA Partners, and
executes on cost-saving initiatives. Additionally, we would also
evaluate the financial sponsor's plans to ensure that no material
M&A or shareholder distributions are being contemplated.

ESG Credit Indicators

E-2 S-2 G-3

S&P said, "Environmental and social factors have an overall neutral
influence on our credit rating analysis of American Auto Auction
Group LLC. The company operates physical, mobile, and digital
auction venues in addition to various remarketing services that are
expected to remain stable channels in the foreseeable future,
despite the advent of alternate powertrains and electric vehicles
(EVs). This is because of the small share of new EVs sold relative
to total used cars remarketed every year. Governance is a
moderately negative consideration. Our assessment of the company's
financial risk profile as highly leveraged reflects corporate
decision-making that prioritizes the interests of the controlling
owners, consistent with our view of the majority of rated entities
owned by private-equity sponsors. Our assessment also reflects
financial sponsors typical finite holding periods and a focus on
maximizing shareholder returns."



AMERICAN EAGLE: Case Summary & 30 Largest Unsecured Creditors
-------------------------------------------------------------
Lead Debtor: American Eagle Delaware Holding Company LLC
             3819 Hawk Crest Road
             Ann Arbor, MI 48103

Business Description: The Debtors are non-profit providers of
                      senior living services across the country,
                      providing care on a daily basis to
                      approximately 1,000 residents.  The Debtors
                      operate 15 residential senior care
                      facilities located across the United States,
                      from Colorado, Minnesota, Wisconsin, and
                      Ohio to Alabama, Tennessee, and Florida.
                      The Facilities provide residents with
                      multiple opportunities for social and
                      intellectual engagement and other benefits
                      during retirement living as well as other
                      necessary healthcare services and offer a
                      family-oriented culture and competitive
                      price point to appeal to current residents
                      and attract prospective residents.

Chapter 11 Petition Date: January 14, 2022

Court: United States Bankruptcy Court
       District of Delaware

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

  Debtor                                                  Case No.
  ------                                                  --------

  American Eagle Delaware Holding Company LLC (Lead)      22-10028
  American Eagle Palmer Park LLC (d/b/a Lark Springs)     22-10029
  American Eagle Tuskawilla LLC (d/b/a Palmetto Landing)  22-10030
  American Eagle Leesburg AL LLC (d/b/a Vista Lake)       22-10031
  American Eagle Brandon LLC (d/b/a Aldea Green)          22-10032
  American Eagle Leesburg MC LLC (d/b/a Vista Lake)       22-10033
  American Eagle Venice Island LLC (d/b/a Maris Pointe)   22-10034
  American Eagle Titusville LLC (d/b/a Crescent Wood)     22-10035
  American Eagle Island Lake LLC (d/b/a Cascade Heights)  22-10036
  American Eagle Eau Gallie LLC (d/b/a Greenwood Place)   22-10037
  American Eagle Owatonna AL LLC (d/b/a Timberdale Trace) 22-10038
  American Eagle Hanceville LLC (d/b/a Monarch Place)     22-10039
  American Eagle Ravenna LLC (d/b/a Vista Veranda)        22-10040
  American Eagle Newark LLC (d/b/a Hearth Brook)          22-10041
  American Eagle Kingston LLC (d/b/a Sycamore Springs)    22-10042
  American Eagle Hendersonville LLC (d/b/a Red Cedar Glen)22-10043
  American Eagle Pleasant Prairie LLC (d/b/a Robin Way)   22-10044

Judge: Hon. Kate J. Stickles

Debtors' Counsel: Shanti M. Katona, Esq.
                  POLSINELLI PC
                  222 Delaware Avenue, Suite 1101
                  Wilmington, Delaware 19801
                  Tel: (302) 252-0920
                  Fax: (302) 252-0921
                  Email: skatona@polsinelli.com

                    - and -

                  David E. Gordon, Esq.
                  Caryn Wang, Esq.
                  POLSINELLI PC
                  1201 West Peachtree Street NW, Suite 1100
                  Atlanta, Georgia 30309
                  Tel: (404) 253-6000
                  Fax: (404) 253-6060
                  Email: dgordon@polsinelli.com
                         cwang@polsinelli.com

Debtors'
Financial
Advisor:          FTI CONSULTING, INC.

Debtors'
Exclusive
Advisor &
Broker:           BLUEPRINT HEALTHCARE REAL
                  ESTATE ADVISORS, LLC

Debtors'
Notice,
Claims &
Balloting
Agent and
Administrative
Advisor:          EPIQ CORPORATE RESTRUCTURING, LLC

Debtors'
Special
Bond Counsel:     FOLEY & LARDNER LLP

American Eagle Delaware Holding's
Estimated Assets: $10 million to $50 million

American Eagle Delaware Holding's
Estimated Liabilities: $10 million to $50 million

The petitions were signed by Todd Topliff, president.

A full-text copy of American Eagle Delaware Holding's petition is
available for free at PacerMonitor.com at:

https://www.pacermonitor.com/view/5QTSLII/American_Eagle_Delaware_Holding__debke-22-10028__0001.0.pdf?mcid=tGE4TAMA

Consolidated List of Creditors Who Have the 30
Largest Unsecured Claims and Are Not Insiders:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Greenbrier Senior Living        Management Fees        $776,753
3232 McKinney Ave
Suite 1160
Dallas, TX 75204
Contact: Evan Richter
Tel: 214-979-2700
Fax: 214-979-2710
Email: erichter@greenbrierde
velopment.com

2. Attane, Formerly                   Trade Debt          $712,102
Glynndevins Inc.
8880 Ward Pkwy
Suite 400
Kansas City, MO 64114
Contact: Chris Egan
Tel: 913-491-0600
Fax: 913-491-1369
Email: accounting@glynndevins.com
admin@glynndevins.com

3. Brookdale Senior Living            Management          $615,573
111 Westwood PL Ste 400                  Fees
Brentwood, TN 37027
Lucinda M. Baier
Tel: 888-221-7317
Fax: 615-221-2289
Email: cwhite@brookdale.com;
jnolan1@brookdale.com

4. Consulate Health Care              Trade Debt          $290,348
800 Concourse Parkway
South 200
Maitland, FL 32751
Contact: Bill Mathies
Tel: 407-571-1550
Fax: 407-571-1599
Email: micheline@consulate
healthcare.com

5. Direct Supply, Inc.                Trade Debt           $84,596
7301 W. Champions Way
Milwaukee, WI 53223
Contact: Robert J. Hillis
Tel: 800-607-1491
Email: ar@directsupply.com;
creditcardrequest@directs.com

6. Cintas Fire Protection             Trade Debt           $13,231
501 Haverty CT, Ste A
Rockledge, FL 32955
Contact: Todd M. Schneider,
President & CEO
Tel: 321-684-7621
Fax: 352-551-9302
Email: loc00446@cintas.com;
cintas@supplierpayments.com;
loc00W81@cintas.com

7. US Foods Inc.                      Trade Debt           $13,108
9399 West Higgins Road
Suite 100
Rosemont, IL 60018
Contact: Pietro Satriano
Tel: 847-720-8000
Fax: 847-720-2345
Email: natallia.salashchanka@usfoods.com

8. ARS Rescue Rooter                  Trade Debt            $7,500
4071 Powell Avenue
Nashville, TN 37204
Contact: Don Karnes
Tel: 615-932-6931
Fax: 615-259-3557
Email: wecare@ars.com

9. S.A. Comunale Co., Inc.            Trade Debt            $7,342
1399 Ohlen Ave
Columbus, OH 43221
Contact: BJ Shough
Tel: 614-291-7001
Fax: 614-291-7009
Email: bj.shough@comunale.com

10. AT&T                              Trade Debt            $6,592
Whitacre Tower
208 S Akard St
Dallas, TX 75201
Contact: Randall Stephenson;
Karen A. Cavagnaro, Lead Paralegal
Tel: 800-947-5096
Email: km1426@att.com

11. Staff America                     Trade Debt            $5,192
8960 SW Hwy 200, Ste 5
Ocala, FL 34481
Contact: Michael Arthur, CEO
Tel: 888-865-1140
Fax: 352-419-6593
Email: office@staffamericahealth.com

12. McKesson                          Trade Debt            $3,870
2975 Evergreen Dr
Duluth, GA 33095
Contact: Donna Magun &
Karen Maloney
Tel: 800-926-4633
     707-813-7926
Fax: 801-584-3640
Email: donna.magun@mckesson.com
       mckessonms@supplierpayments.com
       karen.maloney@mckesson.com

13. Nalco Company LLC                 Trade Debt            $3,813
1601 W Diehl Rd
Naperville, IL 60563-1198
Contact: Doug Baker
Tel: 651-795-6111
Email: creditcards@nalco.com

14. Florida Assisted Living           Trade Debt            $3,345
Association
1618 Mahan Center Blvd Ste 103
Tallahassee, FL 32308
Contact: Tammi Wathen
Tel: 850-383-1159
Fax: 850-224-0448
Email: tammi@fala.org;
youradvocate@fala.org
  
15. Sherwin-Williams Company           Trade Debt           $2,162
Attn: Accounts Receivable Dept.
4506 LB McLeod-Ste A400
Orlando, FL 32811-5665
Contact: Vito Gruttadauria,
Div Credit Mgr
Tel: 407-843-6020
     216-566-1585
Fax: 216-566-2947
Email: swpayments@comdata.com
vito.j.gruttadauria@sherwin.com

16. Silversphere LLC                   Trade Debt           $2,100
2570 W Intl Speedway Blvd 200
Daytona Beach, FL 32114
Contact: Malcolm Graham
Tel: 386-255-1921
Fax: 386-258-3782
Email: support@silversphere.com

17. Aureon Technology                  Trade Debt           $1,898
7760 Office Plaza Drive South
West Des Moines, IA 50266-2336
Contact: Steve Simpson
Tel: 515-245-7777
Fax: 515-245-7730
Email: steve.simpson@aureon.com
tech.customercare@aureon.com;
steven.simpson@aureon.com

18. Glazier Foods Company              Trade Debt           $1,897
1500 Oliver St
Houston, TX 77007-6035
Contact: Michael Rasmussen
Tel: 713-869-6411
Fax: 713-479-4797
Email: michaelrasmussen@glazierfoods.com

19. Johnson Controls                   Trade Debt           $1,711
North America Operational HQ
5757 N. Green Bay Ave.
PO Box 591
Milwaukee, WI 53201
Contact: Aliya Taube
Tel: 414-524-1200
Fax: 414-524-2077
Email: co-mccollections-credit-card-
payments@jci.com
susan.f.davis@jci.com

20. TCF Equipment Finance              Trade Debt           $1,287
11100 Wayzata Blvd Ste 801
Minnetonka, MN 55305
Contact: Alex Bunte
Tel: 866-311-2755
Fax: 800-980-6861
Email: cusomterservice@tcfef.com

21. Gray Robinson                      Trade Debt           $1,260
301 E Pine St Ste 1400
Orlando, FL 32801-2798
Contact: Gray Robinson,
President
Tel: 407-843-8880
Fax: 407-244-5690
Email: accounting@gray-robinson.com
rburke@gray-robinson.com

22. Pepboys Auto Service & Tires       Trade Debt           $1,233
1314 West Main Street
Leesburg, FL 34748
Contact: Brian Zuckerman
Tel: 352-787-2144
Email: contactus@pepboys.com

23. Southwaste Disposal, LLC           Trade Debt           $1,093
16350 Park Ten PL Ste 215
Houston, TX 77084-5053
Contact: Chuck Wilcox, Principal
Tel: 713-413-9400
Fax: 713-413-4179
Email: info@southwaste.com

24. American Bureau of                 Trade Debt           $1,080
Collections
500 Seneca Street
Ste 400
Buffalo, NY 14204-1963
Contact: David Herer, CEO
Tel: 716-885-4444
Fax: 716-878-2842
Email: info@abc-amega.com

25. Staples Advantage                  Trade Debt             $979
7 Technology CIR
Columbia, SC 29203
Contact: J. Alexander
Douglas & Thomas Riggleman
Tel: 888-753-4106
     919-270-5043
Fax: 800-501-7658
Email: csaccountsreceivables@staples.com
       servicedeskcreditd@staples.com;
       thomas.riggleman@staples.com

26. Corporate Communications CC        Trade Debt             $895
200 Consumer Rd Ste 500
Toronto, ON M2J 4R4
Canada
Contact: Evelyne Green
Tel: 352-322-4535
Email: evelyn@corpcommunications.ca

27. Florida Senior Living              Trade Debt             $840
Association
2292 Wednesday Street
Suite 1
Tallahassee, FL 32308
Contact: Gail Matillo, CEO
Tel: 850-496-2562
Fax: 850-583-4873
Email: info@floridaseniorliving.org

28. FEDEX                              Trade Debt             $823
3965 Airways Blvd Module G
3rd FL
Memphis, TN 38116-5017
Contact: Janet Yanowsky
Tel: 800-622-1147
Fax: 855-552-5393
Ext 471-4000
Email: remittanceresearch@fedex.com
bankruptcy@fedex.com

29. CMS of Holland Inc.                Trade Debt             $797
833 S McCord Rd
Holland, OH 43528-8746
Contact: Kim Stewart,
Office Manager
Tel: 419-865-3566
Fax: 419-865-1614
Email: cmsofholland@yahoo.com

30. All Debt Solutions, Inc.           Trade Debt             $765
117 Water St Ste 204
Milford, MA 01757-3036
Contact: John N. Tammaro, Jr.
Principal
Tel: 774-804-3328
Fax: 508-381-1618
Email: admin@alldebtsolutionsinc.com


AMERICAN SLEEP: Unsecureds to Get No Less Than 25% in Plan
----------------------------------------------------------
American Sleep Medicine LLC filed with the U.S. Bankruptcy Court
for the Middle District of Tennessee a Chapter 11 Disclosure
Statement on behalf of Chapter 11 Plan dated Jan. 6, 2022.

The Debtor is a limited liability that operates sleep apnea testing
centers in various parts of the United States. The Debtor managed
its own affairs prior to the bankruptcy and will continue to manage
its affairs after the bankruptcy.

Debtor's financial difficulties stem from a dispute with
ServisFirst Bank and the Debtor. The Debtor had been timely
servicing all of its debt, when ServisFirst demanded payment in
full of its loan.

Since ServisFirst had a lien on all of the Debtor's assets, it
began offsetting ever deposit into the checking account. This act
caused the Debtor to default in making payroll to approximately 200
employees. Then, ServisFirst filed an action for the appointment of
a receiver for the Debtor and all of its centers. To stop the
receivership action, the Debtor filed a Chapter 11 action.

This is a not liquidation plan. In other words, the Proponent seeks
to accomplish payments under the Plan through his income as sleep
diagnostic center. The Effective Date of the proposed Plan is 45
days after confirmation.

The Plan will treat claims as follows:

     * Class 3-A consists of the secured claim of ServisFirst Bank
with $660,000.00. This claimant has already been paid in full.

     * Class 4 consists of General unsecured claims. The Debtor
shall pay $5,000.00 per month for a period of no less than 60
months. Creditors in this class shall receive their pro rata
distribution under the plan and no less than 25% of the allowed
amount of their claim.

     * Class 5 consists of Interest holders. All assets will be
reinstated.

The Plan will be funded from income of the Debtor as a sleep
medicine treatment center.

A full-text copy of the Disclosure Statement dated Jan. 06, 2022,
is available at https://bit.ly/33E5eMA from PacerMonitor.com at no
charge.

Counsel to the Debtor:

     STEVEN L. LEFKOVITZ
     618 Church Street, Suite 410
     Nashville, TN 37219
     Phone: (615) 256-8300
     Fax: (615) 255-4516
     Email: slefkovitz@lefkovitz.com

                  About American Sleep Medicine

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

Judge Charles M. Walker oversees the case.  

Steven L. Lefkovitz, Esq., at Lefkovitz and Lefkovitz is the
Debtor's legal counsel.  ServisFirst Bank, as lender, is
represented by Austin L. McMullen, Esq. at Bradley Arant Boult
Cummings LLP.


ANDREW YOUNG: $150K Sale of Gary Property to Broderick Approved
---------------------------------------------------------------
Judge James R. Ahler of the U.S. Bankruptcy Court for the Northern
District of Illinois authorized Andrew L. Young and affiliates to
sell the real property commonly known as 1601 E. 15th Street, in
Gary, Indiana 46407, to Broderick Benjamin, LLC, or its designee
for $150,000.

The 15th Street Property consists of approximately 3.186 acres
composed of the Property Identification Numbers listed and as
legally described in Exhibit A to the Agreement of Purchase and
Sale.

The Debtors are authorized to enter into the Contract (and other
applicable transaction documents) to sell the 15th Street Property
to the Buyer free and clear of any liens, claims and encumbrances,
provided that outstanding real estate taxes on the 15th Street
Property will be paid in full at closing.

Andrew Young, for SMS, is authorized to sign, execute and deliver
such other documents on behalf of the Debtors as are necessary to
effectuate the transactions approved by the Order.

The net proceeds of the transactions will be deposited in the
respective Debtors' DIP accounts and held subject to further order
of the Court.

Within seven days after the closing of the sale transaction
approved by the Order, the Debtors will file the report of sale
required by Fed. R. Bankr. P. 6004(f)(1) and serve said report on
the parties identified in Local Rule B-6004-1(a).

The 14-day stay under Fed. R. Bankr. P. 6004(h) is waived for cause
and the Order is effective immediately.

Wadsworth, Illinois-based Andrew L. Young filed for Chapter 11
bankruptcy protection on November 23, 2009 (Bankr. N.D. Ill. Case
No. 09-44322).  Gregory K. Stern, Esq., at Gregory K. Stern, P.C.,
assists the Company in its restructuring effort.  The Company was
estimated to have assets at $10 million to $50 million in assets
and liabilities at $1 million to $10 million in its Chapter 11
petition.



AUBURN RAVINE: Case Summary & One Unsecured Creditor
----------------------------------------------------
Debtor: Auburn Ravine Venture LLC
        500 Capitol Mall #2350
        Sacramento, CA 95814

Business Description: Auburn Ravine Venture is a Single Asset Real
                      Estate debtor (as defined in 11 U.S.C.
                      Section 101(51B)).

Chapter 11 Petition Date: January 14, 2022

Court: United States Bankruptcy Court
       Eastern District of California

Case No.: 22-20091

Judge: Hon. Fredrick E. Clement

Debtor's Counsel: Michael Mahon, Esq.
                  LAW OFFICE OF MICHAEL D. MAHON
                  9951 Grant Line Road
                  Elk Grove, CA 95624
                  Tel: 916-599-8125
                  Email: michaelmahon1973@live.com

Total Assets: $2,200,000

Total Liabilities: $1,500,000

The petition was signed by Joseph Bertolino, president of JB Land
Company, Inc., managing member.

The Debtor's only unsecured creditor listed is Andrew Bakos holding
a claim of $100,000 on account of money loaned/advanced.

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

https://www.pacermonitor.com/view/24ASPAA/Auburn_Ravine_Venture_LLC__caebke-22-20091__0001.0.pdf?mcid=tGE4TAMA


BAIRN LLC: All Classes Unimpaired in Liquidating Plan
-----------------------------------------------------
Bairn, LLC, filed with the U.S. Bankruptcy Court for the Northern
District of Indiana a Small Business Chapter 11 Plan of Liquidation
and Disclosure Statement dated Jan. 6, 2022.

The Debtor has been owned and operated by Deborah A. Lane ("Ms.
Lane") since she created the company in 1998.  After working for
many years for a rental property management company, Ms. Lane
decided she wanted to start and build her own rental property
company.

Having seen her predecessor's success, Ms. Lane ultimately set up
or purchased several entities over a number of years including but
not limited to the Debtor, to own the rental property to be
purchased, and Sugarhill Corporation, to be the management company
for both Debtor's rental properties and other rental properties in
the area. The Waterfront Condo Homeowners Association Inc. is the
homeowner's association for the 150 condos in the Waterfront
Complex (the "Condo Complex"), 62 of which are currently owned by
Debtor.

Debtor successfully acquired seven (7) rental homes in the
Lafayette/West Lafayette area in addition to 62 units in the Condo
Complex using a series of notes and mortgages from a number of
local banks between 1998 and 2012.

Debtor has requested the employment of AW Properties Global to
assist with the marketing and sale of the 62 rental units in the
Condo Complex and the 7 additional rental homes in the
Lafayette/West Lafayette area that are owned by Debtor. Upon the
completion of the marketing process, Debtor anticipates obtaining
approval of certain protections for a stalking horse bidder,
conducting an auction, and ultimately selling Debtor's assets in a
sale pursuant to 11 U.S.C. §§ 105(a) and 363 and Fed. R. Bankr.
P. 2002 and 6004, free and clear of all liens, claims, charges and
encumbrances (the "363 Sale").

Class 5 shall consist of the claims asserted by First Merchants
Bank secured by certain real estate owned by the Debtor that First
Merchants Bank asserts is entitled to secured treatment. First
Merchants Bank filed two Proofs of Claim asserting a total claim in
the amount of $2,414,925.77 as of December 16, 2021, inclusive of
pre-and postpetition interest, attorney fees, and expenses. First
Merchants Bank alleges that its claims are secured by all of
Debtor's Assets, which Debtor has scheduled as having a value of
$6,062,500. First Merchants Bank asserts that as an oversecured
creditor, it is entitled to postpetition interest, and postpetition
attorney's fees and expenses, which interest continues to accrue
postpetition at $322.46 per day, and postpetition attorney's fees
and expenses, which currently equals $9,500, from and after
December 17, 2021.

Notwithstanding the foregoing, in full satisfaction of any and all
amounts owed to First Merchants Bank arising out of or relating to
the Purported Loan Documents or any transactions associated
therewith and any and all liens First Merchants Bank may have on
Debtor's Assets, First Merchants Bank shall be treated as having an
Allowed Secured Claim in the amount of $2,414,925.77, plus
postpetition attorney's fees of $9,500 and interest at the rate of
$322.46 per day through the Closing Date, which Allowed Secured
Claim shall be paid on the Closing Date from the proceeds of the
363 Sale. Class 5 is unimpaired and not entitled to vote to accept
or reject the Plan.

Class 6 shall consist of the allowed unsecured nonpriority claims.
Based on the Proofs of Claim that have been filed and the claims
scheduled by the Debtor, Debtor anticipated the Class 6 Claims
total of $121,695.66. All Allowed Unsecured Nonpriority Claims
shall be paid within thirty (30) days of the Closing Date. Class 6
is unimpaired and not entitled to vote to accept or reject the
Plan.

Class 7 consists of Equity Holders. Ms. Lane is the sole Member of
Bairn and shall retain her interest in Debtor to the extent
necessary to wind down the business, file final tax returns, and
help complete other administrative needs of Debtor. Ms. Lane shall
retain any of Debtor's Assets remaining after all Allowed Claims
are paid in full. Class 7 is unimpaired by the Plan and not
entitled to vote to accept or reject the Plan.

The Plan contemplates payments from Debtor to allowed claim holders
from the funds Debtor has received from rent payments during the
pendency of the Bankruptcy Case along with the funds anticipated to
be received from the sale of some or all of Debtor's Assets,
together with any other of Debtor's Assets that are liquidated
(e.g. any Causes of Action). Debtor has requested the employment of
AW Properties Global to assist with the marketing and sale of
Debtor's Assets.

Upon the completion of the marketing process, Debtor anticipates
obtaining approval of certain protections for a stalking horse
bidder, conducting an auction, and ultimately selling Debtor's
assets in a sale pursuant to 11 U.S.C. §§ 105(a) and 363 and Fed.
R. Bankr. P. 2002 and 6004, free and clear of all liens, claims,
charges and encumbrances

A full-text copy of the Liquidating Plan and Disclosure Statement
dated Jan. 06, 2022, is available at https://bit.ly/33BuRxa from
PacerMonitor.com at no charge.

Counsel for Debtors:

     Sarah L. Fowler, Esq.
     Overturf Fowler, LLP
     9102 N. Meridian Street, Suite 555
     Indianapolis, IN 46260
     Tel: 317-559-3647
     Fax: 317-854-9216
     Email: sfowler@ofattorneys.com

                          About Bairn LLC

Bairn, LLC is the fee simple owner of 69 real properties in
Lafayette, Ind., having an aggregate current value of $6.06
million.

Bairn, LLC filed its voluntary petition for Chapter 11 protection
(Bankr. N.D. Ind. Case No. 21-40250) on Oct. 8, 2021, listing
$6,479,598 in assets and $2,626,905 in liabilities.  Deborah Lane,
president of Bairn, LLC, signed the petition.  Sarah L. Fowler,
Esq., at Overturf Fowler, LLP serves as the Debtor's legal counsel.


BHCOSMETICS HOLDINGS: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Four affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                      Case No.
    ------                                      --------
    BHCosmetics Holdings, LLC (Lead Debtor)     22-10050
    8161 Lankershim Blvd.
    North Hollywood, CA 91605

    BHCosmetics Intermediate, LLC               22-10051
    BHCosmetics, LLC                            22-10052
    Visceral Agency LLC                         22-10053
  
Business Description:     Originally launched in 2009, the Debtors
                          are a beauty brand specializing in
                          cosmetics and other beauty products,
                          with a specialty in color cosmetics,
                          brushes for the application of
                          cosmetics, and eyelashes.  The Debtors
                          sell their products on their e-commerce
                          platform directly to consumers
                          utilizing, among others, Shopify and
                          Netsuite ERP, and wholesale to various
                          retailers.

Chapter 11 Petition Date: January 14, 2022

Court:                    United States Bankruptcy Court
                          District of Delaware

Judge:                    Hon. Christopher S. Sontchi

Debtors'
Bankruptcy
Counsel:                  M. Blake Cleary, Esq.
                          Allison S. Mielke, Esq.
                          S. Alexander Faris, Esq.
                          YOUNG CONAWAY STARGATT & TAYLOR, LLP
                          Rodney Square
                          1000 North King Street
                          Wilmington, Delaware 19801
                          Tel: (302) 571-6600
                          Fax: (302) 571-1253
                          Email: mbcleary@ycst.com
                                 AMielke@ycst.com
                                 AFaris@ycst.com

Debtors'
Financial
Advisor:                  RIVERON MANAGEMENT SERVICES,LLC

Provider of
Controller
& Other
Accounting
Personnel:                TRAVERSE LLC

Debtors'
Exclusive
Sale &
Liquidation
Agent:                    SB360 CAPITAL PARTNERS LLC

Debtors'
Sale &
Liquidation
Agent:                    HILCO IP SERVICES, LLC
                          D/B/A HILCO STREAMBANK

Debtors'
Notice,
Claims,
Solicitation
and Balloting
Agent and
Administrative
Advisor:                    EPIQ CORPORATE RESTRUCTURING, LLC


Estimated Assets
(on a consolidated basis): $50 million to $100 million

Estimated Liabilities
(on a consolidated basis): $50 million to $100 million

The petitions were signed by Spencer M. Ware, chief restructuring
officer/co-chief executive officer.

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

https://www.pacermonitor.com/view/7SLIEQQ/BHCosmetics_Holdings_LLC__debke-22-10050__0001.0.pdf?mcid=tGE4TAMA

Consolidated List of Creditors Who Have the 20
Largest Unsecured Claims and Are Not Insiders:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Dongguan Fay Cosmetic                Trade           $2,423,965
Brushes Co., Ltd.
172 Huancun Rd.
Jinxiaotang Zhutang
Fenggang, Donnguan 523681
China
Contact: Sunny Zhu
Tel: 86 769 87815696
Fax: 86 769 87815556
Email: sunny@faybrush.com

2. Beauty Beyond Industry Limited       Trade           $1,080,607
3rd Floor, Building 6
Fuhungda
Industrial Park, No. 5
Hong Hui Road
Lian Gang Industrial
Shuang Lin Pian 519090 China
Contact: Legal Counsel
Tel: 86-13338879542
Email: arthur201211@126.com

3. Shenzhen Colorl Cosmetic             Trade           $1,078,543
Products Co., Ltd.
Jinyingang Industrial Prk
Hexi New Bill
Henkeng Community
Guanlan Street
Shenzhen City
China
Contact: Andrew Peng
Tel: 0086-755-21501155
Fax: 0086-755-21501156
Email: andrew@colorbrush.com

4. Sheen Color Biotech Co., Ltd.        Trade             $872,516
Lianwan Industry Zone
No 8701, Zhuhai Road
Pingsha Town, Jinwan District
Zhuhai 519055 China
Contact: Cindy He
Tel: 86 756 772 2898
Email: cindy@sheencolor.com

5. KDC/One (Taiwan) Co., Ltd.           Trade             $674,170
No 69 Lane 96
Da Shing St
Tainan 704
Taiwan
Contact: Nicholas Whitley, CEO
Tel: 450-243-2000
Email: adai@kdc-taiwan.com

6. Flexport International LLC           Trade             $557,880
760 Market Street
8th Floor
San Francisco, CA 94102
Contact: Ryan Petersen, CEO
Tel: 855-353-9123
Email: accountsreceivable@flexport.com

7. Dongguan Ouqian Cosmetics            Trade             $409,521
Co., Ltd.
3rd Floor, No.9 Building, 2nd
Xiaobu Rd
Guanjingtou, Fenggang Town
Dongguan 523705
China
Contact: President
Tel: 0086-18777161115
Email: uvid@ochaincosmetics.com

8. SAS Touche SAS                       Trade             $373,567
41 Rue Damremont
Paris 75018
France
Contact: Sarrra Messaoudi
Tel: 32 6 589 02 00 5
Email: sarra@agence-touche.fr

9. Grand Metro Cosmetics LLC            Trade             $368,638
No. 560, SEC. 2, Haidiann Road
Tainan 70953
Taiwan
Contact: Jamie Huang, COO
Tel: 886 62551251
Email: jamie@metro-cosmetic.com

10. Signal Sciences Corp.               Trade             $363,256
600 Corporate Pointe Suite 1200
Culver City, CA 90230
Contact: Andrew Peterson, CEO
Tel: 424-289-0342
Email: accountsreceivable@signalsciences.com

11. Array Canada, Inc.                  Trade             $291,517
45 Progress Ave
Scarborough
Toronto M1P 2Y6
Canada
Contact: Jeffrey K. Casselman, CEO
Tel: 416-299-4865 X 324
Email: ar@arraymarketing.com

12. Ulta, Inc.                          Trade             $290,988
1000 Remington Blvd, Ste 120
Bolingbrook, IL 60440
Contact: Megan Lubovich
Tel: 660-410-4745
Email: mlubovich@ulta.com

13. Beemak Plastics LLC                 Trade             $273,363
16711 Knott Ave
La Mirada, CA 90638
Contact: John Davies, President
Tel: 310-886-5880
Email: john.davies@beemak.com

14. Takara Bio USA, Inc.                Trade             $231,140
Jalan Gerilya Timur No. 289
Purwokerto 53147
Indonesia
Contact: Yosafat Basuseno,
Sales Manager
Tel: 650-919-7300
Email: yosafat@biotakara.com

15. Google, LLC                        Trade             $203,571
1600 Amphitheatre Pkway
Mountain View, CA 94043
Contact: Halimah Delaine
General Counsel
Email: remittance-request@google.com

16. Doja CAT Music, LLC                 Trade             $200,000
2045 W Grand Ave
Ste B 79420
Chicago, IL 60612
Contact: Amala Diamini
Tel: 424-306-1160
Email: dojacat@useleftbrain.com

17. Meta Platforms, Inc.                Trade             $193,339
4 Grand Canal Square
Grand Canal Harbour
Dublin D02X525
Ireland
Contact: Jennifer G. Newstead,
Chief Legal Counsel
Email: payment@fb.com

18. Chiang Pao Industrial Co., Ltd.     Trade             $190,780
No. 85, Chung Cheng 5th St.
Yung Kang Dist
Tainan City 71066
Taiwan
Contact: Kuo Sung Hsu,
President
Tel: 886-6-254-1966
X560
Email: yiye@chingpao.com.tw

19. Apollo Retail Specialists, LLC      Trade             $134,991
4450 E Adamo Dr 501
Tampa, FL 33605
Contact: Mike Sunderland, CEO
Tel: 443-688-5100 Ext. 61
Email: remittance@apolloretail.com

20. Lainer-Liwerant, LLC                Trade             $133,943
16216 Kittridge Street
Van Nuys, CA 91406
Tel: 818-787-1400
Email: jeff@lainerderdevelopment.com


BIZGISTICS INC: $33.5K Sale of Three Del McGee Vehicles Approved
----------------------------------------------------------------
Judge Roberta A. Colton of the U.S. Bankruptcy Court for the Middle
District of Florida authorized Bizgistics, Inc.'s sale of the
following vehicles to Del McGee and/or his assignee: (i) Del McGee
(VIN 4UZAANFD7JCJY4082) for $25,000, (ii) Del McGee (VIN
4UZA4FF41XCA61161) for $4,250, and (iii) Del McGee (VIN
4UZA4FF40XCA49809) for $4,250.

The 14-day stay provided for by Federal Rule of Bankruptcy
Procedure is waived.

The form and substance of the McGee Contract and the transaction
contemplated thereby, and by the Order, are approved in all
respects.  After entry of the Sale Order, the Debtor and McGee may
enter into any non-material amendment or modification to the McGee
Contract
that is not adverse to the Debtor's estate without the need for
further notice and hearing.

The Debtor is authorized and directed to execute all documents
required to consummate the sale to McGee. No further consents or
approvals are required for the Debtor to consummate the sale or the
transactions contemplated thereby.

Prior to the Closing and taking the McGee Vehicles, McGee will pay
the Purchase Price by wire transfer of immediately available funds
to the Escrow Agent.

The lien of ReadyCap Lending, LLC will attach only to those sale
proceeds directly traceable to the sale of the McGee Vehicles to
the same extent, validity, and priority as such lien existed prior
to the sale of the McGee Vehicles.  In no event will any lien of
ReadyCap attach to funds held by Escrow Agent that are not directly
and indisputably traceable to the sale of the McGee Vehicles.   

McGee is authorized to file, register, or otherwise record a
certified copy of the Sale Order, which, once filed, registered, or
otherwise recorded, will constitute conclusive evidence of the
release of all encumbrances in or on the McGee Vehicles of any kind
or nature whatsoever.

                          About Bizgistics

Bizgistics, Inc., a freight transportation arrangement services
provider based in Rydal, Pa., filed a voluntary petition for
Chapter 11 protection (Bankr. M.D. Fla. Case No. 21-02197) on
Sept.
12, 2021, listing as much as $10 million in both assets and
liabilities.  Darrell Giles, chief executive officer and director,
signed the petition.  

Judge Roberta A. Colton oversees the case.

The Debtor tapped Underwood Murray PA as bankruptcy counsel, Erik
Johanson PLLC as special litigation counsel, and Redcross, Martin
&
Associates, Inc. as accountant.



BOLT DIESEL: Unsecured Creditors Will Get 5% of Claims in 5 Years
-----------------------------------------------------------------
Bolt Diesel Services, Inc., filed with the U.S. Bankruptcy Court
for the Western District of Texas a Consensual Plan of
Reorganization dated Jan. 6, 2022.

Bolt Diesel Services, Inc. started operations in 2015. Bolt Diesel
operates a diesel repair shop that repairs and refurbishes
automotive and large truck diesel engines.

Bolt Diesel had to file bankruptcy due to the disruption during the
ice storm in Texas which slowed business in the area. Additionally,
the COVID-19 pandemic was a significant loss of income in 2020 and
2021, with very few new clients and the relocation market severely
reduced nationwide.

The Debtor filed this case on October 8, 2021, to seek protection
from aggressive collection efforts by creditors that, if continued,
would be to the detriment of other creditors. Debtor proposed to
pay allowed unsecured based on the liquidation analysis and cash
available. Debtor anticipates having enough business (new clients)
and cash available to fund the plan and pay the creditors pursuant
to the proposed plan. It is anticipated that after confirmation,
the Debtor will continue in business. Based upon the projections,
the Debtor believes it can service the debt to the creditors.

Debtor's Plan of Reorganization provides for the continued
operations of the Debtor in order to make payments to its creditors
as set forth in this Plan. Debtor seeks to confirm a consensual
plan or reorganization so that all payments to creditors required
under the Plan will be made directly by the Debtor to its
creditors.

Class 4-1 consists of the Claim of Independence Bank (Claim No.
4-1). Independence Bank filed a proof of claim in the secured
amount of $86,614.73. The Debtor proposes to pay Independence
Bank's claim as a general unsecured claim in the amount of
$8,670.92 which is 10% of the total claim, over five years at 0%
interest per annum. The monthly payment will be $144.51. Nothing
prevents Debtor from making monthly or quarterly distributions, so
as long as the required yearly distribution of $1,734.18 is paid.

Class 5 consists of Allowed Impaired Unsecured Claims which are
impaired. This Class consists of General Unsecured Claims of
Principis Capital LLC with a claim amount of $39,233.11 and the
U.S. Small Business with a claim amount of $58,868.53. All allowed
unsecured creditors shall receive a pro rata distribution at zero
percent per annum over the next 5 years. Debtor will distribute up
to $18,500.00 to the general allowed unsecured creditor pool over
the 5-year term of the plan. The Debtor's General Allowed Unsecured
Claimants will receive 10% of their allowed claims under this plan.


Class 6 consists of Equity Interest Holders which are not impaired
under the Plan. The current owner will receive no payments under
the Plan; however, they will be allowed to retain their ownership
in the Debtor. Class 6 Claimants are not impaired under the Plan.

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

A full-text copy of the Plan of Reorganization dated Jan. 06, 2022,
is available at https://bit.ly/3zWwm5t from PacerMonitor.com at no
charge.

Debtor's Counsel:

     Robert C. Lane, Esq.   
     The Lane Law Firm, PLLC
     6200 Savoy, Suite 1150
     Houston, Texas 77036
     Tel: (713) 595-8200
     Fax: (713) 595-8201
     Email: notifications@lanelaw.com

                  About Bolt Diesel Services

Bolt Diesel Services Inc. sought protection for relief under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No.
21-70150) on Oct. 8, 2021, listing up to $50,000 in assets and up
to $500,000 in liabilities.  Judge Tony M. Davis presides over the
case.  Robert Chamless Lane, Esq., at The Lane Law Firm, PLLC
serves as the Debtor's legal counsel.


BOY SCOUTS OF AMERICA: Sex-Abuse Claims Likely to Be Paid in Full
-----------------------------------------------------------------
Becky Yerak of The Wall Street Journal reports that the Boy Scouts
of America said it now expected it will likely be able to pay in
full on the sex-abuse claims that drove it to bankruptcy based on
new and lower estimates of how much it owes abuse victims.

The youth group on Tuesday said it now projected the total value of
claims eligible for payouts to be roughly $3 billion, the midpoint
in a range of $2.4 billion to $3.6 billion.

                      About Boy Scouts of America

The Boy Scouts of America -- https://www.scouting.org/ -- is a
federally chartered non-profit corporation under title 36 of the
United States Code. Founded in 1910 and chartered by an act of
Congress in 1916, the BSA's mission is to train youth in
responsible citizenship, character development, and self-reliance
through participation in a wide range of outdoor activities,
educational programs, and, at older age levels, career-oriented
programs in partnership with community organizations.  Its national
headquarters is located in Irving, Texas.

The Boy Scouts of America and affiliate Delaware BSA, LLC, sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 20-10343) on
Feb. 18, 2020, to deal with sexual abuse claims.

Boy Scouts of America was estimated to have $1 billion to $10
billion in assets and at least $500 million in liabilities as of
the bankruptcy filing.

The Debtors have tapped Sidley Austin LLP as their bankruptcy
counsel, Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel,
and Alvarez & Marsal North America, LLC as financial advisor.  Omni
Agent Solutions is the claims agent.

The U.S. Trustee for Region 3 appointed a tort claimants' committee
and an unsecured creditors' committee on March 5, 2020.  The tort
claimants' committee is represented by Pachulski Stang Ziehl &
Jones, LLP, while the unsecured creditors' committee is represented
by Kramer Levin Naftalis & Frankel, LLP.


BOY SCOUTS: Gregory Stacker Represents Unsecured Claimant
---------------------------------------------------------
In the Chapter 11 cases of Boy Scouts of America and Delaware BSA,
LLC, the Law Office of Gregory J. Stacker, LLC provided notice
under Rule 2019 of the Federal Rules of Bankruptcy Procedure, to
disclose that it is representing a Class 8 Direct Abuse Claimant.

The Client is a Class 8 Direct Abuse Claimant and files this 2019
Statement to facilitate filing his Class 8 Direct Abuse Claim
Master Ballot.  The sexual assault took place on or about July 9,
2018, at Camp Tesomas, Rhinelander, Wisconsin.  The Client has
filed a Claim in the Bankruptcy Case No. 20-10343 and filing Master
Ballot ID.

The names and contact details of the Client were redacted from
publicly available filings.

The Firm can be reached at:

          LAW OFFICE OF GREGORY J. STACKER, LLC
          Gregory J. Stacker, Esq.
          1220 N. 6th Street, Suite 3
          Wausau, WI 54403
          Tel: (715) 845-9211
          Fax: (715) 842-9317
          E-mail: greg@stackerlawoffice.com

A copy of the Rule 2019 filing is available at
https://bit.ly/31ZlVRV at no extra charge.

                    About Boy Scouts of America

The Boy Scouts of America -- https://www.scouting.org/ -- is a
federally chartered non-profit corporation under title 36 of the
United States Code. Founded in 1910 and chartered by an act of
Congress in 1916, the BSA's mission is to train youth in
responsible citizenship, character development, and self-reliance
through participation in a wide range of outdoor activities,
educational programs, and, at older age levels, career-oriented
programs in partnership with community organizations. Its national
headquarters is located in Irving, Texas.

The Boy Scouts of America and affiliate Delaware BSA, LLC, sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 20-10343) on
Feb. 18, 2020, to deal with sexual abuse claims.

Boy Scouts of America was estimated to have $1 billion to $10
billion in assets and at least $500 million in liabilities as of
the bankruptcy filing.

The Debtors have tapped Sidley Austin LLP as their bankruptcy
counsel, Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel,
and Alvarez & Marsal North America, LLC as financial advisor.
Omni
Agent Solutions is the claims agent.

The U.S. Trustee for Region 3 appointed a tort claimants'
committee
and an unsecured creditors' committee on March 5, 2020.  The tort
claimants' committee is represented by Pachulski Stang Ziehl &
Jones, LLP, while the unsecured creditors' committee is
represented
by Kramer Levin Naftalis & Frankel, LLP.


BOY SCOUTS: Swartz & Swartz Represents Abuse Survivors
------------------------------------------------------
In the Chapter 11 cases Boy Scouts of America and Delaware BSA,
LLC, the law firm of Swartz & Swartz, P.C. provided notice under
Rule 2019 of the Federal Rules of Bankruptcy Procedure, to disclose
that it is representing the Abuse Survivors.

The names and contact details of the Clients were redacted from
publicly available filings.

The Firm can be reached at:

          David W. Faraci, Esq.
          Swartz & Swartz, P.C.
          10 Marshall Street
          Boston, MA 02108
          Tel: (617) 742-190

A copy of the Rule 2019 filing is available at
https://bit.ly/3I5lCEt at no extra charge.

                    About Boy Scouts of America

The Boy Scouts of America -- https://www.scouting.org/ -- is a
federally chartered non-profit corporation under title 36 of the
United States Code. Founded in 1910 and chartered by an act of
Congress in 1916, the BSA's mission is to train youth in
responsible citizenship, character development, and self-reliance
through participation in a wide range of outdoor activities,
educational programs, and, at older age levels, career-oriented
programs in partnership with community organizations. Its national
headquarters is located in Irving, Texas.

The Boy Scouts of America and affiliate Delaware BSA, LLC, sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 20-10343) on
Feb. 18, 2020, to deal with sexual abuse claims.

Boy Scouts of America was estimated to have $1 billion to $10
billion in assets and at least $500 million in liabilities as of
the bankruptcy filing.

The Debtors have tapped Sidley Austin LLP as their bankruptcy
counsel, Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel,
and Alvarez & Marsal North America, LLC as financial advisor.
Omni
Agent Solutions is the claims agent.

The U.S. Trustee for Region 3 appointed a tort claimants'
committee
and an unsecured creditors' committee on March 5, 2020.  The tort
claimants' committee is represented by Pachulski Stang Ziehl &
Jones, LLP, while the unsecured creditors' committee is
represented
by Kramer Levin Naftalis & Frankel, LLP.


BOYCE HYDRO: Hearing on $165K Sale of Gladwin Asset Set for Jan. 20
-------------------------------------------------------------------
Judge Daniel S. Opperman of the U.S. Bankruptcy Court for the
Eastern District of Michigan will convene a telephonic hearing on
Jan. 20, 2022, at 11:00 a.m., to consider the sale proposed by
Scott Wolfson, the liquidating trustee appointed in the Chapter 11
cases of Boyce Hydro, LLC and Boyce Hydro Power, LLC, of the real
property commonly known as 755 Wolverine Drive, in Gladwin,
Michigan 48624, to Four Lakes Task Force for $165,000.

The property is a house consisting of three bedrooms and one
bathroom. Geographically, the property is located on Smallwood
Lake, adjacent to a former Boyce dam location.

Parties must call 1-888-557-8511, passcode 1287364 for the hearing.
They should keep their telephones on mute until the case is called.


Any responses or objections to the 9019 Motion or the Sale Motion
must be filed two business day before the hearing.

                         About Boyce Hydro

Boyce Hydro, LLC and Boyce Hydro Power, LLC, Michigan-based
providers of electrical power services, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mich. Lead Case No.
20-21214) on July 31, 2020.  At the time of the filing, the
Debtors
each disclosed up to $50 million in assets and up to $10 million
in
liabilities.

Judge Daniel S. Oppermanbaycity oversees the cases.

Goldstein & McClintock LLP, led by Matthew E. McClintock, Esq., is
the Debtors' legal counsel.

On Feb. 25, 2021, the court entered a nonconsensual order, which
confirmed the Debtors' joint consolidated Chapter 11 plan of
liquidation, and approved the establishment of the Boyce Hydro
liquidating trust and Scott A. Wolfson's appointment as
liquidating
trustee.  The plan was declared effective on March 3, 2021.

The liquidating trustee tapped Wolfson Bolton PLLC as bankruptcy
counsel, Honigman LLP and Steinhardt Pesick & Cohen P.C. as
special
counsel, and Plante & Moran, PLLC as accountant.  Stretto is the
claims agent.



BRAZOS ELECTRIC: Judge Jones Narrows ERCOT $2-Bil. Defense Bill
---------------------------------------------------------------
Maria Chutchian of Reuters reports that a judge overseeing the
bankruptcy of the largest electric co-op in Texas on Wednesday,
January 13, 2022, shut down certain arguments that the state's
electric grid operator was looking to make in a legal brawl with
the co-op over a nearly $2 billion bill stemming from a historic
winter storm 2021.

U.S. Bankruptcy Judge David Jones in Houston issued his ruling
ahead of a February trial over the $1.9 billion claim the Electric
Reliability Council of Texas filed in Brazos Electric Power
Cooperative Inc's Chapter 11 case.  The judge held that some of the
arguments ERCOT tried to raise to defend its claim weren't relevant
to the immediate issue.

Brazos filed for bankruptcy in March 2021 after being hit with the
energy bill from ERCOT.  The bill for the seven-day storm is nearly
three times the co-op's total power cost from 2020, which was $774
million, according to Brazos.  For several days during the storm,
ERCOT set electricity prices at $9,000 per megawatt hour, around
500 times the usual rate.

             About Brazos Electric Power Cooperative

Brazos Electric Power Cooperative Inc. is a 3,994-megawatt
transmission and generation cooperative which members' service
territory covers 68 counties from the Texas Panhandle to Houston.
It was organized in 1941 and the first cooperative formed in the
Lone Star state with the primary intent of generating and supplying
electrical power.  At present, Brazos Electric is the largest
generation and transmission cooperative in the state and is the
wholesale power supplier for its 16 member-owner distribution
cooperatives and one municipal system.

Before the severe cold weather that blanketed Texas with
sub-freezing temperatures February 2021, Brazos Electric was in all
respects a financially robust, stable company with a strong "A" to
"A+" credit rating. But Brazos Electric Power Cooperative ended up
in Chapter 11 bankruptcy in Texas after racking up an estimated
$2.1 billion in charges from Electric Reliability Council of Texas
(ERCOT) over seven days of the freeze.  

Brazos Electric filed a voluntary petition for relief under Chapter
11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 21-30725)
on March 1, 2021. At the time of the filing, the Debtor disclosed
assets of between $1 billion and $10 billion and liabilities of the
same range.

Judge David R. Jones oversees the case.

The Debtor tapped Norton Rose Fulbright US, LLP and O'Melveny &
Myers LLP as bankruptcy counsel; Foley & Lardner LLP and Eversheds
Sutherland US LLP as special counsel; Collet & Associates LLC as
investment banker; and Berkeley Research Group, LLC as financial
advisor.  Ted B. Lyon & Associates, The Gallagher Law Firm, West &
Associates LLP, Butch Boyd Law Firm and Boyd Smith Law Firm, PLLC
serve as special litigation counsel and McKool Smith PC serves as
special conflicts counsel.  Stretto is the claims and noticing
agent.

The U.S. Trustee for Region 7 appointed an official committee of
unsecured creditors in the Debtor's case on March 15, 2021.  The
committee is represented by the law firms of Porter Hedges, LLP and
Kramer, Levin, Naftalis & Frankel, LLP. FTI Consulting, Inc. and
Lazard Freres & Co. LLC serve as the committee's financial advisor
and investment banker, respectively.


BSK HOSPITAL GROUP: Tanya Holland Closes Brown Sugar Kitchen
------------------------------------------------------------
Linda Zavoral of The Mercury News reports that the Bay Area's
celebrity soul food chef, Tanya Holland, has closed her signature
Oakland restaurant, Brown Sugar Kitchen, for good.

The decision, first announced by Oaklandside Nosh, comes eight
months after she filed for Chapter 11 bankruptcy reorganization in
an attempt to give the Uptown business at 2295 Broadway a chance to
survive in this pandemic economy.

But that wasn't enough, Holland told the Bay Area News Group on
Tuesday.  COVID-19 and its variants exacerbated an already
challenging situation, she said.

"Everything just got compounded," she said, ticking off many of the
issues she faced, as do other restaurateurs.  "The offices are
still empty; there's not a lot of sidewalk traffic.  Revenue is
everything, and the revenue isn't to be had." On top of that, she
said, labor shortages mean "we're paying staff more because there
are so few of them."

And then there's the rent component.  "It always has been about the
real estate. In the Bay that can make or break you."

While Holland said she wasn't facing a steep rent hike as was
Luka's Taproom & Lounge, located just a block away and planning to
shut down by Dec. 31, 2021, she would have needed more
concessions.

Admirers of Holland were quick to respond to the loss of this
iconic restaurant.

"Tanya helped start the food renaissance" in the Town, said chef
Nelson German, owner of Oakland's alaMar Kitchen & Bar and Sobre
Mesa. "BSK has been a staple of the Oakland restaurant scene and it
will surely be missed by all of us."

Matt Colgan, an Oakland resident and executive chef at Split, which
has just opened an Uptown location near BSK on Broadway, said: "The
last couple of years have been so brutal to our industry...  It's
hard for people outside the restaurant industry to truly grasp how
much blood, sweat, tears and pride go into creating these eating
establishments, so my heart goes out to Tanya Holland and her
staff."

Holland moved West after years of culinary experience in France,
New York and Boston.  She burst onto the West Oakland scene 14
years ago, introducing diners on Mandela Parkway to her new-style
soul food.  She earned Michelin Bib Gourmand honors for fabulous
but affordable food, published a cookbook ("Brown Sugar Kitchen:
New-Style, Down-Home Recipes from Sweet West Oakland") and appeared
on the Food Network's "Top Chef."

That location shuttered after 10 years, and in 2019, Holland opened
a counter service spot to showcase her fried chicken and waffles in
San Francisco’s Ferry Building, in addition to her Oakland
flagship.
Then the pandemic hit. The Ferry Building location closed.  Holland
continued running the Broadway location under ever-changing safety
restrictions imposed by the state and county.  She also pivoted to
outdoor dining and takeout and partnered with nonprofits to provide
meals for those in need.  And now that space has gone dark.

For the time being, one restaurant endeavor of hers remains open.
Town Fare by Tanya Holland, a partnership with the Oakland Museum
of California, is a cafe with a plant-forward approach that
launched last year. She has described it as a menu that allows her
to "showcase California’s pantry — seasonal vegetables and
sustainably sourced meat dishes."

Post-COVID, Holland hopes the general population will better
understand the challenges restaurants face, and that a new business
model will evolve for the industry.

"I don't have all the answers," she said. "But I hope there will be
some change that will come out of all of this."

                      About BSK Hospitality

BSK Hospitality is the hospitality group behind the Brown Sugar
Kitchen owned by Tanya Holland. It sought Chapter 11 protection
(Bankr. N.D. Cal. Case No. 21-40686) on May 19, 2021.  In the
petition signed by owner Tanya Holland, it disclosed assets of
under $50,000 and liabilities of $938,314.  The case is handled by
Honorable Judge Charles Novack.  Wolf, Rifkin, Shapiro, Schulman,
Rabkin, led by Simon Aron, is serving as the Debtor's counsel.


CANNABICS PHARMACEUTICALS: Incurs $1.3M Net Loss in First Quarter
-----------------------------------------------------------------
Cannabics Pharmaceuticals Inc. filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q disclosing
a net loss of $1.32 million for the three months ended Nov. 30,
2021, compared to a net loss of $654,767 for the three months ended
Nov. 30, 2020.

As of Nov. 30, 2021, the Company had $2.12 million in total assets,
$1.49 million in total current liabilities, and $627,421 in total
stockholders' equity.

As of Nov. 30, 2021, the Company had $786,414 in cash compared to
$1,386,472 as of Aug. 31, 2021.  The Company expects to incur a
minimum of $1,000,000 in expenses during the next twelve months of
operations.  The Company estimates that these expenses will be
comprised primarily of general expenses including overhead, legal
and accounting fees, research and development expenses, and fees
payable to outside medical centers for clinical studies.

The Company used cash in operations of $599,545 for the three
months ended Nov. 30, 2021, compared to cash used in operations of
$592,637 for the three months ended Nov. 30, 2020.  The negative
cash flow from operating activities for the three months ended Nov.
30, 2021, is primarily attributable to the Company's net loss of
$1,323,020, an increase in accounts payables and accrued
liabilities of $22,944 and a decrease of $26,203 in account
receivables and prepaid expenses, depreciation of $51,823,
convertible loan valuation of $196,768 and shares based payment of
$425,737

The Company had cash flow from investing activities of $513 during
the three months ended Nov. 30, 2021, compared to $943 cash flow
from investing activities for the three months ended Nov. 30, 2020.
The reason for the decrease in cash flow from investing activities
is primarily due to the purchase of fixed assets in an aggregate
amount of $513, for the period ended Nov. 30, 2021, comparing to
purchase of fixed assets in an aggregate amount of $943, for the
period ended Nov. 30, 2020

Cannabics said, "We will have to raise funds to pay for our
expenses.  We may have to borrow money from shareholders, issue
equity or enter into a strategic arrangement with a third party.
There can be no assurance that additional capital will be available
to us.  We currently have no arrangements or understandings with
any person to obtain funds through bank loans, lines of credit or
any other sources.  Since we have no such arrangements or plans
currently in effect, our inability to raise funds for our
operations will have a severe negative impact on our ability to
remain a viable company.

Due to the uncertainty of our ability to meet our current operating
and capital expenses, our independent auditors included an
explanatory paragraph in their report on the audited financial
statements for the year ended August 31, 2021, regarding concerns
about our ability to continue as a going concern.  Our financial
statements contain additional note disclosures describing the
circumstances that lead to this disclosure by our independent
auditors."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001343009/000168316822000244/cannabics_i10q-113021.htm

                          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 $3.19 million on zero revenue for
the year ended Aug. 31, 2021, compared to a net loss of $7.47
million on $7,157 of net revenue for the year ended Aug. 31, 2020.
As of Aug. 31, 2021, the Company had $3.08 million in total assets,
$1.27 million in total current liabilities, and $1.81 million in
total stockholders' equity.

Tel-Aviv, Israel-based Weinstein International. C.P.A., the
Company's auditor since 2019, issued a "going concern"
qualification in its report dated Nov. 25, 2021, 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.


CCO HOLDINGS: Fitch Rates Unsecured Notes Due 2032 'BB+'
--------------------------------------------------------
Fitch Ratings has assigned 'BB+'/'RR4' ratings to CCO Holdings,
LLC's (CCOH) benchmark issuance of senior unsecured notes due 2032.
CCOH is an indirect, wholly owned subsidiary of Charter
Communications, Inc. (Charter). CCOH's Long-Term Issuer Default
Rating (IDR) is 'BB+'.

The company is expected to use net proceeds from the offerings for
general corporate purposes, including potential buybacks of Class A
common stock of Charter or common units of Charter Communications
Holdings, LLC (CCH), a subsidiary of Charter, and/or the repayment
of indebtedness, and to pay related fees and expenses. As of Sept.
30, 2021, Charter's stock buyback program had authority to purchase
an additional $1.5 billion of its Class A common stock and CCH
common units.

KEY RATING DRIVERS

Leading Market Position: Charter is the second-largest U.S. cable
MVPD behind Comcast Corp. Charter's 31.9 million customer
relationships at Sept. 30, 2021 provide significant scale
benefits.

Credit Profile: Revenue and EBITDA in the LTM ended Sept. 30, 2021
totaled $51.1 billion and $20.2 billion, respectively. As of Sept.
30, 2021, Charter had approximately $90.4 billion of debt
outstanding, including $66.5 billion of senior secured debt, pro
forma for an October 2021 debt issuance and associated debt
repayment. Fitch Ratings estimates total Fitch-calculated pro forma
gross leverage was 4.5x while secured leverage was 3.3x for LTM
ended Sept. 30, 2021.

Positive Operating Momentum: Charter's operating strategies are
strengthening its competitive position and subscriber metrics while
expanding and margins. The company is focusing on a market
share-driven strategy, leveraging its all-digital infrastructure to
enhance its service offerings' overall competitiveness. As a
result, revenues increased to $51.1 billion for the LTM ended Sept.
30, 2021 from $41.6 billion in 2017, a 5.6% CAGR. Margins improved
by 290bps over the same period to 39.7%, as Charter's wireless
business moved closer to break-even, and the cable business
continues its positive operating momentum.

Fitch believes Charter's wireless service expansion offers further
operating leverage improvement through scaling benefits. In
November 2020, Charter extended and expanded the capabilities of
its mobile virtual network operator agreement with Verizon
Communications Inc. To further bolster network capabilities and
improve its cost structure, the company purchased 210 Citizen
Broadband Radio Service priority access licenses in 2020. Although
the benefits of wireless are likely to eventually offset related
infrastructure spending, systemwide rollout costs are expected to
continue to be a drag on near-term total margins.

Product Mix Shift: Internet services (broadband) revenue surpassed
video services revenue in 2020 and became the company's largest
product segment. Fitch believes broadband revenues will grow in the
low teens in 2021 as consumers became increasingly reliant on
broadband's capabilities, including facilitating access to video
streaming services and working from home.

These capabilities powered the cable sector's general
outperformance relative to most other sectors. Fitch believes
broadband growth will offset the expected continued industrywide
decline in basic video subscribers while also benefiting margins
and FCF, given broadband's higher margins and lower capital
intensity.

Broadband Growth: Fitch expects broadband's growth will slow to
mid-single digits annually over the rating horizon as Charter
approaches penetration saturation in its existing footprint. Fitch
notes Charter plans to continue to expand its footprint, which has
grown to 54.2 million homes and businesses passed at Sept. 30, 2021
from 50.3 million at YE 2017. In addition, Charter will receive an
aggregate $1.2 billion over 10 years from the Rural Digital
Opportunity Fund to build out broadband capabilities in unserved
areas. Although these actions provide growth potential, Fitch is
unsure penetration levels will replicate historical levels,
especially in currently unserved areas.

Potential 5G Disruption: 5G wireless technology deployment will
likely become a long-term disrupter, as wireline and wireless
connectivity convergence will threaten legacy competitive
positions, including Charter's broadband business. Fitch expects 5G
will bring new business models, new use cases and the potential for
fixed wireless to capture some broadband share over the medium
term. Fitch expects 5G to fully interoperate with 4G and become an
important enabler for Internet of Things applications.

Debt Capacity Growth: Charter maintains a target net leverage range
of 4.0x-4.5x and up to 3.5x senior secured leverage. Fitch expects
Charter to continue creating debt capacity and to remain within its
target leverage, primarily through EBITDA growth. Proceeds from
prospective debt issuances under debt capacity created are expected
to be used for shareholder returns, internal investment and
accretive acquisitions. Charter's stock buyback program had
authority to purchase an additional $1.5 billion of its Class A
common stock and CCH common units as of Sept. 30, 2021.

Ratings are Linked: Fitch links the IDRs of CCO, CCOH, TWC and TWCE
in accordance with its criteria due to the presence of strong
legal, operational and strategic ties among the entities.

DERIVATION SUMMARY

Charter is well positioned in the MVPD space, given its size and
geographic diversity. With 31.9 million customer relationships,
Charter is the second-largest U.S. cable MVPD after Comcast.

Comcast (A-/Stable) is rated higher than Charter due primarily to
lower target and actual total leverage and significantly greater
revenue size, coverage area and segment diversification. Although
DIRECTV Entertainment Holdings LLC (BB+/Stable) lacks Charter's
segment diversification, scale, growth prospects and FCF levels, it
will have lower closing leverage and greater geographic
diversification. It also received a one-notch uplift from AT&T
Corp.'s 70% economic ownership after its spin-off.

Charter's ratings are likely to be held in check as the company
expects to continue issuing debt under additional debt capacity
created by EBITDA growth while remaining within its target total
net leverage range of 4.0x-4.5x. Proceeds from prospective debt
issuance under this additional debt capacity are expected to be
used for shareholder returns along with internal investment and
accretive acquisitions. No Country Ceiling or parent/subsidiary
aspects affect the rating.

KEY ASSUMPTIONS

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

-- Total revenue increases by mid-single digits annually over the
    rating horizon. Internet growth is expected to slow to mid
    single digits as Charter approaches penetration saturation in
    its footprint, with video expected to decline 1% annually as
    price increases are unable to fully offset annual mid-single
    digit subscriber declines. Mobile growth slows to 20% over the
    rating horizon;

-- Adjusted EBITDA margins improve over the rating horizon as
    cable margins settle in the low 40% range and wireless margins
    become positive;

-- Cash tax payments begin to increase in 2022 as NOLs roll off;

-- Charter is expected to continuously upgrade its network.
    However, core cable capital intensity begins to decline as
    major upgrades in the primary cable infrastructure, which is
    now 100% digital using DOCSIS 3.1 to offer 1Gbps of service,
    have been largely completed;

-- FCF grows to more than $9.0 billion by 2024;

-- Charter issues sufficient debt to fund maturities and for
    shareholder returns using debt capacity created by EBITDA
    growth;

-- Charter remains near the high end of its target net leverage
    of 4.0x-4.5x;

-- M&A activity is excluded, given the lack of transformational
    acquisitions opportunities.

RATING SENSITIVITIES

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

-- A strengthening operating profile as the company captures
    sustainable revenue and cash flow growth, and the reduction
    and maintenance of total leverage below 4.0x;

-- Continued progress in closing gaps relative to industry peers
    in service penetration rates and strategic bandwidth
    initiatives.

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

-- A leveraging transaction or adoption of a more aggressive
    financial strategy that increases leverage over 5.0x in the
    absence of a credible deleveraging plan;

-- Perceived weakening of its competitive position or failure of
    its operating strategy to produce sustainable revenue and cash
    flow growth and strengthening operating margins.

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: Fitch regards Charter's liquidity position and
overall financial flexibility as satisfactory and that it will
improve in line with the continued growth in FCF. The company's
liquidity position at Sept. 30, 2021 comprised approximately $466
million of cash, supported by full availability under its $4.75
billion revolver, $249 million of which will mature in March 2023
and $4.5 billion in February 2025, as well as anticipated FCF
generation.

Charter's maturities through 2024 are manageable. Including
required term loan amortization, $69 million is due in 2021, $3.3
billion in 2022, $1.9 billion in 2023 and $2.3 billion in 2024.
Over the next 10 years, annual bond maturities range from $750
million in 2026 to $5.8 billion in 2030. Required term loan
amortization totals $1.1 billion remaining through 2024, with $5.3
billion and $3.5 billion due at maturity in 2025 and 2027,
respectively.

Charter will need to dedicate a significant portion of potential
debt issuance during that period to service annual maturities,
which could reduce cash available for share repurchases, especially
in the event of market dislocation. Fitch expects Charter would be
able to access capital markets to meet upcoming maturities, but its
liquidity profile could be weakened if a market dislocation is
severe enough to hinder the company's access.

CCO is the public issuer of Charter's senior secured debt, and CCOH
is the public issuer of Charter's senior unsecured debt. All of
CCO's existing and future secured debt is secured by a
first-priority interest in all of CCO's assets and is guaranteed by
all of CCO's subsidiaries, including those that hold the assets of
Charter, TWC, Bright House Networks, LLC and CCOH. All of CCOH's
existing and future debt is structurally subordinated to CCO's
senior secured debt and is neither guaranteed by nor pari passu
with any secured debt.

Charter's Fitch-calculated secured leverage is expected to remain
below 4.0x over the rating horizon. Fitch does not view Charter's
secured leverage and strong underlying asset value as structural
subordination that could impair recovery prospects at the unsecured
level. Therefore, Charter's unsecured notes are not notched down
from its IDR.

ISSUER PROFILE

Charter is the second largest U.S. cable MVPD. Fitch rates Charter
Communications Operating, LLC, CCO Holdings, LLC, Time Warner
Cable, Inc. and Time Warner Cable Enterprises, LLC, which are all
indirect wholly owned subsidiaries of Charter.


CCO HOLDINGS: S&P Assigns 'BB' Rating on New Sr. Unsecured Notes
----------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '5'
recovery rating to CCO Holdings LLC's (CCOH) proposed senior
unsecured notes due 2032. The '5' recovery rating indicates its
expectation for modest (10%-30%; rounded estimate: 10%) recovery in
a simulated default scenario. The company plans to use the proceeds
from these notes for general corporate purposes, including to fund
share buybacks and repay debt.

S&P said, "Because Charter issued more secured debt at Charter
Communications Operating LLC (CCO) than unsecured debt at CCOH in
2021 and subsequently paid down its unsecured debt maturities at
CCOH, we lowered our rounded recovery estimate for CCOH's unsecured
notes to 10%. Any additional secured debt issuance at CCO could
push the recovery prospects for CCOH's unsecured debt below 10%,
which would lead us to lower our issue-level rating by one notch
and revise our recovery rating to '6'.

"Our 'BB+' issuer credit rating on the company's parent, Charter
Communications Inc., is unchanged because we expect it will
continue to maintain debt to EBITDA in the higher end of its
4.0x-4.5x target range, which is comfortably below our 5x downgrade
threshold. We believe Charter generates sufficient earnings and
free operating cash flow (FOCF) to carefully manage this ratio and
anticipate it will adjust its share repurchases accordingly. The
demand for the company's residential high-speed internet service
remains healthy and it derives most of its earnings and cash flow
from this high-margin segment. Therefore, we expect it to increase
its EBITDA by 7%-8% in 2022 as it expands its broadband subscriber
base by 3%-4%. Based on these assumptions, which include FOCF of $8
billion-$9 billion in 2022, we currently incorporate about $15
billion of share repurchases in our base-case forecast for 2022."



CHARTER COMMUNICATIONS: Moody's Rates New Sr. Unsecured Notes 'B1'
------------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to new Senior
Unsecured Notes due 2032, to be issued at Charter Communications,
Inc.'s (Charter or the Company) wholly owned subsidiaries CCO
Holdings, LLC and CCO Holdings Capital Corp. Charter's Ba2
Corporate Family Rating (CFR), Ba2-PD Probability of Default Rating
(PDR), and all instrument ratings are unaffected by the proposed
Transaction. The stable outlook and SGL-1 speculative grade
liquidity are unchanged.

Assignments:

Issuer: CCO Holdings, LLC

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

Moody's expects the terms and conditions of the newly issued
obligation to be materially the same as existing obligations of the
same class. Charter intends to use the net proceeds from the
financing for general corporate purposes, share repurchases, to
repay certain indebtedness, and to pay related fees and expenses.
Moody's believe any incremental leverage (net of repayment) will
not materially change the credit profile or the proportional mix of
secured and unsecured debt, or the resultant creditor claim
priorities in the capital structure.

RATINGS RATIONALE

Charter's credit profile is supported by its substantial scale and
share of the US broadband market, protected by a superior,
high-speed network with limited competitive overlap. Charter is the
second largest cable company in the United States, serving
approximately 31.9 million residential and commercial customers
across 41 states, generating approximately $51.1 billion in revenue
(Q3 2021 LTM). Strong and sustained broadband demand drives growth
and profitability, providing an operating hedge to the secular
decline in video and wireline voice services. The business model is
also highly predictable, with a largely recurring revenue base.
Liquidity is very good, supported by free cash flows, which were
close to $7.9 billion (Moody's adjusted, Q3 2021 LTM), providing
significant financial flexibility.

The credit profile is constrained by governance risk, including a
financial policy that targets a net leverage ratio of 4.0-4.5x,
managed near the top end of the range (near 4.7x on Moody's
adjusted gross debt basis Q3 2021 LTM), despite the ability to
de-lever with most free cash flow used for share repurchases. The
Company generally raises debt to maintain pace with EBITDA growth,
driving already high absolute debt levels (over $90 billion,
Moody's adjusted at Q3 2021), ever higher. However, Moody's expects
maturity ladders will continue to be managed prudently. Charter is
exposed to secular pressure in its wireline voice and video
services which are losing customers due to competition and changes
in media consumption, driving penetration rates lower. Moody's also
views broadband wireless technology, specifically terrestrial 5G,
as a potential threat to a portion of the Company's wireline
broadband business over the medium term. To manage the risk, and
participate in the opportunity, Charter is ramping its own wireless
services as a mobile virtual network operator (MVNO). While the
wireless service has experienced rapid growth and is driving the
top-line, steady-state economics at scale will be less favorable
than its existing cable business model (including data, video and
voice combined).

The SGL-1 liquidity rating reflects very good liquidity with strong
free cash flow, a partially drawn $4.75 billion revolving credit
facility, and only incurrence-based financial covenants. Alternate
liquidity is limited with a largely secured capital structure.

Moody's rates the senior secured 1st lien credit facilities and
senior secured 1st lien notes at Charter Communications Operating,
LLC, Time Warner Cable LLC, and Time Warner Cable Enterprises LLC
Ba1 (LGD3), one notch above the Ba2 CFR. Secured lenders benefit
from junior capital provided by the senior unsecured notes issued
at CCO Holdings, LLC and CCO Holdings Capital Corp. (which have no
guarantees), the most junior claims and rated B1 (LGD5), with
contractual and structural subordination to all other obligations.
Instrument ratings reflect the Ba2-PD probability of default rating
with a mix of secured and unsecured debt, which we expect will
result in an average rate of recovery of approximately 50% in a
distressed scenario.

The stable outlook reflects Moody's expectation that debt will rise
to over $100 billion and revenues and EBITDA will range between
$56-$57 billion and $22-23 billion, respectively by the end of
2022. "We project EBITDA margins approaching 40%, producing free
cash flows of between $7-$8 billion annually. Key assumptions
include capex to revenue averaging near 15%, and average borrowing
costs of approximately 5%. We expect video and voice subscribers to
fall by low to mid-single digit percent on a long-term secular
basis, and data subscribers to rise by low to mid-single digit
percent. We expect leverage to remain in the mid to high 4x range
(Moody's adjusted gross debt/EBITDA), and free cash flow to debt to
be sustained in the high single-digit percent range. We expect
liquidity to remain very good," said Moody's.

Note: all figures are Moody's adjusted, over the next 12-18 months
unless otherwise noted.

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

Moody's could consider an upgrade if:

-- Leverage (Moody's adjusted debt/EBITDA) is sustained below
    4.25x, and

-- Free cash flow-to-debt (Moody's adjusted) is sustained above
    5%

An upgrade could also be conditional on maintaining very good
liquidity, a more conservative financial policy, and stable
operating performance.

Moody's could consider a downgrade if:

-- Leverage (Moody's adjusted debt/EBITDA) is sustained above
    4.75x, or

-- Free cash flow-to-debt (Moody's adjusted) is sustained below
    low single digit percent

Moody's said, "We could also consider a negative rating action if
liquidity deteriorated, financial policy implied higher credit
risk, or there were unfavorable and sustained trends in operating
performance or the business model."

Charter Communications, Inc., headquartered in Stamford,
Connecticut, provides video, data, phone, and wireless services.
Across its footprint, which spans 41 states, Charter serves 31.9
million residential and commercial customers under the Spectrum
brand, making it the second-largest U.S. cable operator. Revenue
for the last twelve months ended 30 Sept 2021 was approximately
$51.1 billion. Charter is a public company. The largest
shareholders are Liberty Broadband Corporation and Advance/Newhouse
Partnership.


CHINA FISHERY: Unsecured Creditors to Get 8.75% in PAIH Plan
------------------------------------------------------------
Pacific Andes International Holdings Limited, et al., submitted a
Fifth Amended Chapter 11 Plan of Reorganization for China Fishery
Group Limited (Cayman), et al.

The Pacific Andes International Holdings Limited, et al. ("PAIH")
Plan shall authorize and approve the sale of certain non-debtor
subsidiaries' real estate holdings and/or interests in such
entities  pursuant to, inter alia, Bankruptcy Code Sections
1123(a)(5) and 1141. Specifically, the PAIH Plan provides for the
sale of interests in 6 Property Owning Companies, which hold real
property in Hong Kong and Japan, and the sale of Real Property held
by PAE (HK) for the aggregate purchase price of $52,000,000.

The Sale Transactions Proceeds, along with all other assets
inclusive of the proceeds of the release of the Maybank Share
Pledge, shall be distributed (i) to satisfy Allowed Administrative
Expense and other priority claims; (ii) to satisfy the Maybank
Secured Facility Claim through an incremental payment of $4.0
million; (iii) to satisfy and pay allowed unsecured claims of the
creditors of PAIH and PAIH (BVI) an amount equal to 8.75% of their
Allowed General Unsecured Claims; (vi) to satisfy and pay allowed
PAE HK Loan Claims in an  amount equal to 60% of the Allowed claim
amount; and (v) to satisfy and pay allowed unsecured claims of Teh
Hong Eng from any Residual Assets.  All Intercompany Claims (except
for Intercompany Claims that become Allowed Administrative Claims),
including those set forth on Schedule 5.20, shall be deemed
satisfied and extinguished under the PAIH Plan. Further, the
Qingdao Related-Plant Facilities Claims, which consist of claims
arising from guarantees or expired guarantees of loans secured by
property in the People's Republic of China (excluding Hong Kong
SAR)("PRC"), shall be satisfied in full through their secured
interests in the Qingdao Related-Plant and through actions
previously taken by these creditors in the PRC.  Further, the PAIH
Plan and the Confirmation Order shall incorporate by reference (a)
the Liquidator-Controlled Companies Settlement Agreement and order
of the Court approving same, and (b) the HSBC Settlement Agreement
and order of the Court approving same. In the event of any
inconsistency between the PAIH Plan and the Liquidator-Controlled
Companies Settlement Agreement, the Liquidator-Controlled Companies
Settlement Agreement shall control.

The PAIH Plan contemplates the appointment of a Plan Administrator
to administer the wind down of the Plan Debtors and their
non-Debtor affiliates in the PAIH Group.  Upon confirmation of the
PAIH Plan, the Plan Administrator shall be authorized to take all
corporate actions necessary consistent with applicable non-United
States law to wind down and liquidate the Plan Debtors.  It is
anticipated that the liquidation shall extinguish all Existing
Interests (other than the Existing Interests of NS Hong).  In
addition, the Plan Administrator will have the authority to pursue
the Retained Causes of Action on behalf of the Plan Debtors,
conduct the claims reconciliation process, and make distributions
to holders of Allowed Claims.

Under the Plan, holders of Class 18 PAIH General Unsecured Claims
will each receive a cash payment in an amount equal to 8.75% of the
allowed general unsecured claim.  Class 18 is impaired.

Attorneys for the Plan Debtors:

     Tracy L. Klestadt
     John E. Jureller, Jr.
     Brendan M. Scott
     KLESTADT WINTERS JURELLER
     SOUTHARD & STEVENS, LLP
     200 West 41st Street, 17th Floor
     New York, New York 10036
     Telephone: (212) 972-3000
     Facsimile: (212) 972-2245

A copy of the Plan dated Jan. 12, 2021, is available at
https://bit.ly/3I0E3KE from Epiq11, the claims agent.

                   About China Fishery Group

China Fishery Group Limited (Cayman) and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Lead Case No. 16-11895) on June 30, 2016.

In the petition signed by CEO Ng Puay Yee, China Fishery Group was
estimated to have assets at $500 million to $1 billion and debt at
$10 million to $50 million.

The cases are assigned to Judge James L. Garrity Jr. Weil, Gotshal
& Manges LLP has been tapped to serve as lead bankruptcy counsel
for China Fishery and its affiliates other than CFG Peru
Investments Pte. Limited (Singapore).  Weil Gotshal replaces Meyer,
Suozzi, English & Klein, P.C., the law firm initially hired by the
Debtors.  The Debtors have also tapped Klestadt Winters Jureller
Southard & Stevens, LLP, as conflict counsel; Goldin Associates,
LLC, as financial advisor; RSR Consulting LLC as restructuring
consultant; and Epiq Bankruptcy Solutions, LLC, as administrative
agent.  Kwok Yih & Chan serves as special counsel.

On Nov. 10, 2016, William Brandt, Jr., was appointed as Chapter 11
trustee for CFG Peru Investments Pte. Limited (Singapore), one of
the Debtors.  Skadden, Arps, Slate, Meagher & Flom LLP serves as
the trustee's bankruptcy counsel; Hogan Lovells US LLP serves as
special counsel; and Quinn Emanuel Urquhart & Sullivan, LLP, serves
as special litigation counsel.


CLEANSPARK INC: To Hold Annual Meeting of Stockholders on March 15
------------------------------------------------------------------
CleanSpark, Inc. expects to hold the Company's 2022 Annual Meeting
of Stockholders on March 15, 2022.  Details regarding the 2022
Annual Meeting will be specified in the forthcoming proxy statement
related to the 2022 Annual Meeting.

Because the date of the 2022 Annual Meeting is more than 30 days
from the anniversary of the Company's 2021 Annual Meeting of
Stockholders, the Company has set a new deadline for the receipt of
stockholder proposals submitted pursuant to Rule 14a-8 under the
Securities Exchange Act of 1934, as amended for inclusion in the
Company's proxy materials for the 2022 Annual Meeting.  In order to
be considered timely, such proposals must be received by the
Company's Secretary no later than Jan. 23, 2022, which the Company
determined to be a reasonable time before it expects to begin to
print and send the proxy statement related to the 2022 Annual
Meeting.  Any proposal submitted after the above deadline will not
be considered timely and will be excluded from the Company's proxy
materials.  Proposals of stockholders must also comply with rules
of the Securities and Exchange Commission regarding the inclusion
of stockholder proposals in proxy materials and the Company may
omit from its proxy materials any proposal that does not comply
with the SEC's rules.

Any stockholder seeking to submit proposals outside of Exchange Act
Rule 14a-8 or to nominate a director must provide timely notice, as
set forth in the Company's First Amended and Restated Bylaws.
Specifically, written notice of any proposed business or nomination
must be received by the Company's Secretary no later than the close
of business on Jan. 23, 2022 (which is the tenth day following
public announcement of the date of the 2022 Annual Meeting).  Any
notice of proposed business or nomination must comply with the
specific requirements set forth in the Company's Bylaws.

                         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 $21.81 million for the year ended
Sept. 30, 2021, a net loss of $23.35 million for the year ended
Sept. 30, 2020, and a net loss of $26.12 million for the year ended
Sept. 30, 2019.  As of Sept. 30, 2021, the Company had $317.47
million in total assets, $11.76 million in total liabilities, and
$305.72 million in total stockholders' equity.


COMMERCIAL METAL: Fitch Rates New $300MM Unsec. Notes 'BB+'
-----------------------------------------------------------
Fitch rates Commercial Metal Company's (CMC) new $300 million
senior unsecured notes 'BB+'/'RR4'. Proceeds will be used for
general corporate purposes.

The rating reflects CMC's low-cost position and the flexible
operating structure of its electric arc furnace (EAF) steel
production. CMC benefits from exposure to strong construction
demand regions within the U.S. and the European Union, which
provides geographical diversification. The rating also reflects
Fitch's expectation total debt/EBITDA, below 1.5x in fiscal 2021,
will generally remain at or below 2.0x barring any additional
acquisitions. A commitment to maintaining an investment grade
credit profile could lead to an upgrade of CMC's ratings.

KEY RATING DRIVERS

Conservative Leverage Profile: CMC has maintained total debt/EBITDA
below 3.5x over the past seven years, despite operating in a highly
cyclical industry that experienced a meaningful downturn during
2015-2016. Total debt/EBITDA was below 1.5x at fiscal 2021 and
Fitch expects it to generally remain at or below 2.0x, barring any
material leveraging acquisitions.

Leverage Neutral Tensar Acquisition: In December 2021, CMC
announced an acquisition of Tensar, a global provider of engineered
solutions for subgrade reinforcement and soil stabilization used in
road, infrastructure and commercial construction projects. Tensar
generates around 60% of its sales in North America with additional
exposure to EMEA and other parts of the world, providing additional
geographic diversification. Fitch views the Tensar Acquisition as
expanding upon CMC's existing operational mix, while being
complimentary to servicing CMC's current end markets. Tensar's
exposure to economic cycles, through its exposure to the
construction sector, is in line with how Fitch views CMC's current
business profile.

Tensar's 2021 EBITDA was approximately $60 million according to
CMC, which is around 7.5% of CMC's Fitch-calculated fiscal 2021
EBITDA of $806 million. The acquisition size is significant but the
majority of earnings will continue to be generated from CMC's steel
production. Fitch believes the Tensar acquisition will benefit
overall EBITDA margins as the company has significantly higher
margins compared with CMC. Fitch expects CMC's total debt/EBITDA to
peak around 2.0x in fiscal 2022, pro forma the transaction, and
views the acquisition as neutral to CMC's credit ratings. CMC
expects the acquisition to close in the first half of the 2022
calendar year with a purchase price of $550 million.

Heavily Levered to Rebar: CMC, the largest producer of rebar in the
U.S., is highly levered to nonresidential construction demand and
rebar in particular. Fitch views CMC's heavy exposure to rebar as
partially offset by its low-cost position and its fabrication
operations, which provide a steady and consistent source of demand.
Construction remained relatively resilient in 2020 as opposed to
some other end markets such as auto and energy, which were more
heavily impacted by the pandemic. Fitch expects nonresidential
construction to continue to be relatively resilient over the
forecast period and will benefit from an infrastructure bill.

International Footprint Provides Diversification: CMC's operations
are concentrated primarily in strong nonresidential construction
demand regions within the U.S. and secondarily in Central Europe.
CMC's operations in Poland, which account for approximately 20% of
total mill capacity, provide diversification from U.S. construction
exposure. Europe EBITDA margins have contracted in fiscal 2020
partially driven by elevated imports in Europe but have since
recovered significantly in fiscal 2021. Fitch expects Europe EBITDA
margins to be benefit from EU infrastructure spend and CMC's
investment in its Polish assets to lower the cost structure and
provide a wider variety of products to the markets it serves.

Vertically Integrated Business Model: CMC's vertically integrated
business model and focus on pull-through volumes benefits
consistent capacity utilization and positions the company as a
low-cost producer. Approximately 50%-60% of scrap from CMC's
recycling operations gets sold to CMC's mill operations.
Additionally, nearly 100% of steel supply for its fabrication
operations was sourced internally in fiscal 2020. CMC's recycling
facilities are often located in close proximity to mills, resulting
in reduced transportation costs. Mills also have a steady and
captive source of demand through internal shipments to fabrication
facilities leading to consistent utilization rates across these
segments.

Fitch believes the company's vertically integrated model also
provides some margin resiliency through the cycle. Mills and
fabrication operations tend to have lower margins in periods of
rapidly increasing scrap prices, whereas recycling operations tend
to perform well under the same conditions. The inverse correlation
and timing difference of peak profitability during volatile scrap
and rebar price environments across different segments helps
provide some insulation against price volatility.

FCF Provides Flexibility: In fiscal 2020, CMC announced its
intention to construct a new 300,000 ton mini mill in Arizona. The
mill is expected to cost $300 million to construct with expected
completion in early 2023. In 1Q fiscal 2022, CMC announced a $350
million share repurchase program, which Fitch expects to be
exhausted over the next year or two. Fitch believes CMC's stable
margin profile and minimal capex requirements provides the ability
to consistently generate FCF, which allows CMC to fund growth
internal growth and shareholder returns largely with cash. In
addition, in December 2021, CMC completed a sale of a large parcel
of California land for $313 million, benefitting liquidity during a
period of elevated capex.

DERIVATION SUMMARY

Commercial Metals is smaller in terms of annual shipments compared
with EAF steel producer Steel Dynamics (BBB/Stable) and majority
blast furnace producers United States Steel Corporation
(BB-/Positive) and Cleveland-Cliffs (BB-/Positive) although the
flexible operating structure of its EAF production and CMC's
low-cost position results in much less volatile profitability and
more consistent leverage metrics. Commercial Metals has lower
product diversification compared with Steel Dynamics, U. S. Steel
and Cleveland-Cliffs given its concentration in rebar although has
geographic diversification through its European operations. CMC
generally has lower margins, although more stable through-the-cycle
margins and leverage metrics, compared with U. S. Steel and
Cleveland-Cliffs and less favorable margins and leverage compared
with Steel Dynamics.

KEY ASSUMPTIONS

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

-- Rebar prices decline in fiscal 2023 and remain relatively flat
    thereafter;

-- Annual North America external shipments of around 3 million
    tons;

-- EBITDA margins in the 11%-12% range;

-- Elevated capex of $520 million in fiscal 2022 associated with
    the construction of the new Arizona mini mill, declining to
    roughly $200 million per year thereafter;

-- Flat dividends and no additional acquisitions;

-- Share repurchases of around $200 million per year.

RATING SENSITIVITIES

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

-- Commitment to maintaining a conservative financial policy and
    investment grade credit profile;

-- Total debt/EBITDA sustained below 2.5x;

-- EBITDA margins sustained above 8%, representing an improved
    pricing environment for rebar, further cost reduction, and/or
    an expansion of the product portfolio into higher value-add
    mix.

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

-- Total debt/EBITDA sustained above 3.5x;

-- Prolonged negative FCF driven by a material reduction in steel
    demand or an influx of rebar imports causing rebar prices to
    be depressed for a significant time period;

-- Depressed metal margins leading to overall EBITDA margins
    sustained below 6%.

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

Solid Liquidity: At Aug. 31, 2021, CMC had cash and cash
equivalents of USD498 million and USD397 million available under
its USD400 million secured revolving credit facility due 2026. In
addition, the company has approximately USD150 million available
under its USD150 million U.S. accounts receivable securitization
program and a PLN288 million (USD49 million available as of Aug.
31, 2021) accounts receivable securitization program. CMC also has
approximately USD73 million of availability under its Poland credit
facilities.

ISSUER PROFILE

CMC manufactures, recycles, and markets steel and metal products,
related materials and services through a network of facilities in
the United States and Poland. The company manufactures long steel
products, primarily rebar, which is particularly tied to
construction demand.

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.


COMMERCIAL METALS: Moody's Rates New $300MM 10-Yr. Sr. Notes 'Ba2'
------------------------------------------------------------------
Moody's Investors Service assigned a Ba2 rating to Commercial
Metals Company's proposed $300 million 10 year senior notes. The
company plans to use the proceeds from the note offering for
general corporate purposes. Commercial Metals Ba1 Corporate Family
Rating (CFR), Ba1-PD Probability of Default Rating (PDR), Ba2
senior unsecured note rating, (P)Ba2 senior unsecured shelf rating,
its Speculative Grade Liquidity Rating of SGL-2 and its stable
outlook remain unchanged.

Assignments:

Issuer: Commercial Metals Company

  Senior Unsecured Regular Bond/Debenture, Assigned Ba2 (LGD4)

RATINGS RATIONALE

Commercial Metals Ba1 corporate family rating reflects its strong
position in the rebar and merchant bar markets in the US, as well
as its exposure to the steel market in Eastern Europe through its
operations in Poland. It also incorporates Moody's expectation for
the company to maintain relatively low financial leverage, ample
interest coverage and good liquidity as its operating performance
remains historically strong in fiscal 2022 (ends August 2022).
Commercial Metals rating is constrained by its reliance on two
steel product categories, its dependence on cyclical construction
activity, its exposure to volatile steel and scrap prices and its
focus on acquisitive and organic growth investments. Although, the
company has a track record of prudently funding its growth
initiatives without materially impacting its credit profile.

Moody's anticipates that Commercial Metals operating earnings will
remain historically robust in fiscal 2022 and could exceed the
record high adjusted EBITDA of $835 million produced in fiscal
2021. The company will continue to benefit from solid demand which
should be bolstered by spending related to the Infrastructure
Investment and Jobs Act, higher steel prices, historically wide
metal spreads, incremental profits from its new rolling line in
Europe along with the potential EBITDA contribution from the
pending Tensar acquisition. The robust operating results will
enable the company to generate strong operating cash flows, which
along with the proceeds of the note offering and the $313 million
proceeds from the sale of land in Rancho Cucamonga, CA will be used
to fund the $550 million Tensar acquisition, the remaining
investment in its second Arizona micro mill and its new fourth
micro mill that will be situated to serve the Northeast,
MidAtlantic, and Mid-Western US markets. We anticipate the company
will also spend more of its free cash and possibly a portion of its
cash balance on share repurchases and dividends since it announced
a new $350 million share repurchase program in October 2021 and
raised its quarterly dividend to $0.14 per share from $0.12 per
share.

If Commercial Metals generates around $900 million of adjusted
EBITDA and utilizes all free cash on organic growth initiatives,
acquisitions and shareholder returns and does not repay any of its
debt prior to maturity, then its leverage ratio (debt/EBITDA) will
decline to about 1.5x and its interest coverage (EBIT/Interest)
will be around 10.0x. While these metrics will be very strong for
the company's Ba1 corporate family rating, they are expected to
materially weaken when steel prices return to a more sustainable
level as imports rise and demand eventually ebbs and additional
domestic capacity comes online. Also, Commercial Metals upside
ratings potential is constrained by the volatility of steel and
scrap prices, its reliance on cyclical construction end markets and
its limited scale and product diversity versus higher rated
domestic steel producers.

Commercial Metals has a Speculative Grade Liquidity rating of SGL-2
reflecting its good liquidity profile including $415 million of
cash and availability of about $659 million under its credit and
accounts receivable facilities as of November 2021. The company has
a $400 million (secured by US inventory and US fabrication
receivables) revolving credit facility expiring March 2026, mostly
undrawn except for letters of credit, and a $150 million accounts
receivable securitization program expiring in March 2023. The
company also has a $78 million revolving credit facility in Poland
with the majority of the facility amount expiring in March 2024,
which is mostly undrawn except for letters of credit. The company's
US credit agreement has financial maintenance covenants including a
minimum interest coverage ratio of 2.5x and a debt to
capitalization ratio not to exceed 60%. It should remain
comfortably in compliance with these covenants.

The stable ratings outlook incorporates Moody's expectation the
company will produce historically strong operating results in
fiscal 2022 which will result in credit metrics that are robust for
its Ba1 rating, but will return to a level that is more
commensurate with the rating when steel prices and metal spreads
trend towards historical levels.

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

Commercial Metals' ratings could be upgraded should it sustain an
EBIT margin above 8%, a leverage ratio below 2.75x, interest
coverage above 4.0x and operating cash flow less dividends above
25% of outstanding debt through various steel price points and
metal spread environments.

The ratings could be downgraded if economic weakness or increased
competition leads to a material deterioration in its operating
performance and credit metrics. Quantitatively, the ratings could
be downgraded if its EBIT margin is sustained below 4%, its
leverage ratio above 4.0x and interest coverage below 2.5x.

Headquartered in Irving, Texas, Commercial Metals Company
manufactures steel through its six electric arc furnace mini mills
and two micro mills in the United States and has total rolling
capacity of about 5.9 million tons. It also operates steel
fabrication facilities and ferrous and nonferrous scrap metal
recycling facilities in the US and has a vertically integrated
network of recycling facilities, an EAF mini mill with about 1.2
million tons of rolling capacity and fabrication operations in
Poland. Revenues for the twelve months ended November 30, 2021 were
$7.3 billion.


COMMERCIAL METALS: S&P Assigns 'BB+' Rating on New Unsecured Notes
------------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level and '3' recovery
ratings to Texas-based Commercial Metals Co.'s (CMC) proposed debt
due in 2032.

This comes after the company posted record results in fiscal 2021
and recently announced the acquisition of Tensar Corp., a provider
of construction ground reinforcement solutions.

S&P also affirmed the 'BB+' issuer credit rating on CMC.

The outlook remains stable, indicating S&P's expectation that CMC
will continue to balance windfall cash flows with strategic capital
allocation in a fiscally conservative manner such that leverage
remains at or below 2x EBITDA in 2022.

CMC is accessing capital markets for general corporate purposes.
The $300 million unsecured notes due in 2032 will be used for
general corporate purposes, including a portion of the closing
costs associated with the Tensar acquisition and other capital
expenses. The proposed debt is rated 'BB+' with an associated '3'
recovery rating (rounded estimate: 50%). S&P said, "The '3'
indicates our expectation for meaningful recovery (50% to 70%) in
the event of payment default. The company's next maturity will be
in 2023, when its $330 million on unsecured notes mature. We expect
that company could repay the issue with a combination of cash on
hand and new debt."

S&P said, "A favorable metals price spread and strong demand in
CMC's end markets led to windfall cash flow and a record fiscal
2021. We expect many of these trends to continue at least through
fiscal 2022 (August year-end). The company posted record first
fiscal quarter EBITDA in January, with company reported EBITDA of
$327 million. We believe CMC is on track for another robust year
and expect EBITDA in the $900 million-$1 billion range for 2022.
This compares favorably with S&P's adjusted 2021 EBITDA of
approximately $853 million. We expect the company's leverage to
remain below 2x for the next 12-24 months, even after incorporating
the increased debt balance."

CMC's acquisition of Tensar further solidifies the company's
position in the construction reinforcement market. Tensar is a
provider of ground reinforcement solutions, which compliments CMC's
position in concrete reinforcement. The acquisition bolsters the
company's position in construction reinforcement solutions as
Tensar's products are often used alongside CMC's on construction
sites. The company estimates that Tensar will contribute about $60
million of EBITDA per year. It historically has margins in the
mid-20% area, well above CMC's historical average of about 10%-12%.
The acquisition is priced at approximately $550 million. Close,
which is expected in fiscal third quarter, is not contingent upon
financing. The company recently closed the sale of its Rancho
Cucamonga, Calif., assets for approximately $313 million, part of
which we believe could be allocated for the acquisition.

S&P said, "We expect CMC to continue with strategic capital
allocation plans, including further modest acquisitions, capital
expenditures (capex), and shareholder rewards. CMC recently
announced its intent to construct a fourth micro mill to bolster
its Eastern U.S. sales. The company expects the plant will take
approximately two years to build after site selection and
permitting. This follows its current AZ2 micro mill project, a
second micro mill in Mesa, Ariz. (and third overall), estimated to
cost about $300 million and to be completed in 2023. Additionally,
in October, the company announced a new $350 million share
repurchase program and 17% increase in its dividend. We also
continue to believe that the company will continue to bolster
growth with bolt-on acquisitions. Recent operating performance has
led to windfall cash flows. We believe CMC will continue to balance
growth and shareholder returns for the immediate future.

"The stable outlook on CMC reflects our expectation that the
company will maintain strong adjusted debt to EBITDA of less than
2x over the next year as its benefits from strong demand in its end
markets in both North American and Europe. However, earnings are
highly susceptible to fluctuations in its metal price spread and
volumes given the cyclicality of its markets, such as automotive
and construction."

S&P could lower its rating on CMC if:

-- Adjusted debt to EBITDA increases above 3x in strong market
conditions and above 4x in weaker conditions, with no expectations
for improvement. This could occur if there were significant
problems with any of its assets or if there were depressed steel
prices stemming from prolonged weak end-market demand;

-- CMC undertakes a significant debt-financed acquisition; or

-- It issues debt for shareholder activities or for significant
capex beyond S&P's base-case expectations.

S&P does not anticipate raising its rating on CMC over the next 12
months. The company's exposure to steel imports and cyclical end
markets, specifically nonresidential construction are key rating
constraints. However, S&P could consider raising its rating if:

-- Its adjusted debt to EBITDA remains below 2x; and

-- S&P would also expect management to commit to maintain strong
credit metrics and a more conservative financial policy consistent
with an investment-grade rating over the long term.

S&P said, "ESG factors are an overall neutral consideration in our
credit rating analysis CMC. It recycles, manufactures, and markets
steel and metal products and related materials and services through
a network of facilities (including EAF mini mills, micro mills,
rerolling mills, fabrication and processing plants, and metal
recycling facilities) in the U.S. and Poland. EAF mills primarily
use scrap steel for feedstock compared to about 25% for blast
furnace producers, contributing to a smaller environmental
footprint. The company also has a 96% water recycling and reuse
rate. As such, we assess the environmental risk for CMC as lower
than for integrated steel producers. It maintains total recordable
incident rates below the industry averages for its recycling, mill,
and fabrication sites."



COVANTA HOLDING: Moody's Assigns Ba3 CFR; Outlook Stable
--------------------------------------------------------
Moody's Investors Service assigned a Ba3 Corporate Family Rating
(CFR), Ba3-PD probability of default rating and SGL-2 speculative
grade liquidity (SGL) to Covanta Holding Corporation (NEW)
(Covanta), which is now a private company under the ownership of
EQT Investors (EQT). Moody's also affirmed the ratings of Covanta's
outstanding notes, including the Ba1 Term Loan B and the B1 senior
unsecured notes. The rating outlook is stable.

RATINGS RATIONALE

"Covanta's Ba3 CFR reflects our view that the company will continue
to benefit from its fundamental credit strengths under EQT
ownership, including 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" said Jairo Chung, Vice
President -- Senior Credit Officer. In addition, we do not expect
Covanta distribute dividends for the first few years under EQT, a
credit positive, as Covanta has had to issue debt to fund common
dividend obligations in the past. We expect Covanta to improve its
leverage and credit metrics as a result of higher retained cash
flow as well as additional cash flow from its new projects and
initiatives.

Covanta's cash flow should also benefit from higher waste contract
prices through renewals of contracts with long-term customers, the
completion of new projects in the UK, which will begin to
contribute cash flow, 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 both energy
and recycled metals prices will continue to be volatile.

Overall, Covanta's leverage will be higher under the EQT
sponsorship as a result of the recapitalization completed last year
which increased Covanta's debt by approximately $600 million. The
additional leverage will be somewhat mitigated by the anticipated
improvement in cash flow over time.

Rating Outlook

The stable outlook reflects Moody's expectation that Covanta will
continue to maintain highly contracted operations across its
diverse waste and energy related businesses and exhibit a strong
financial performance over the next 12-18 months. Moody's
anticipates that Covanta will generate predictable cash flow from
these long-term contracts and produce key credit metrics that are
appropriate for the current rating, including an EBIT margin
improving to the low- teens. The stable outlook also reflects
Moody's expectation that the additional debt incurred as a result
of the EQT acquisition will become increasingly manageable as the
company's cash flow grows and that no material new debt will be
issued over the next several years, resulting in debt to EBITDA of
around 5x over the next two years.

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

Factors That Could Lead to an Upgrade

A rating upgrade could be possible if Covanta mitigates financial,
market and operational risk such that its revenue and cash flow
increase more than expected or become more consistent and
predictable, or if debt is materially reduced. For example,
positive rating action could occur if the company's EBIT margin
improves to above 20% and debt-to-EBITDA falls below 4x on a
sustained basis.

Factors That Could Lead to a Downgrade

A rating downgrade could be considered if Covanta's key credit
metrics deteriorate, including debt-to-EBITDA above 6x, or if it's
EBIT margin falls below 13% on a sustained basis. A rating
downgrade could also occur if there is a deterioration of waste or
power market dynamics, resulting in a material increase in revenue
and cash flow volatility.

Assignments:

Issuer: Covanta Holding Corporation (NEW)

  Probability of Default Rating, Assigned Ba3-PD

  Speculative Grade Liquidity Rating, Assigned SGL-2

  Corporate Family Rating, Assigned Ba3

Affirmations:

Issuer: Covanta Holding Corporation (NEW)

  Senior Secured Bank Credit Facility, Affirmed Ba1 (LGD2)

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

Issuer: NATIONAL FINANCE AUTHORITY, NH

  Senior Unsecured Revenue Bonds, Affirmed B1 (LGD5)

Issuer: Niagara Area Development Corporation

  Senior Unsecured Revenue Bonds, Affirmed B1 (LGD5)

Issuer: PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHOR

Senior Unsecured Revenue Bonds, Affirmed B1 (LGD5)

Issuer: Virginia Small Business Financing Authority

  Senior Unsecured Revenue Bonds, Affirmed B1 (LGD5)

Outlook Actions:

Issuer: Covanta Holding Corporation (NEW)

  Outlook, Remains Stable

Since the last rating action on Covanta, Moody's has updated its
approach to rating its CFR, and currently assigns and monitors
ratings using the Environmental Services and Waste Management
Companies methodology published in April 2018. Please see the
Rating Methodology page on www.moodys.com for a copy of this
methodology.

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.


CRECHALE PROPERTIES: $1.6M Sale of Hattiesburg Property Withdrawn
-----------------------------------------------------------------
Judge Katharine M. Samson of the U.S. Bankruptcy Court for the
Southern District of Mississippi withdrew Crechale Properties,
LLC's sale of the real property located at Multiple, Anne St., in
Hattiesburg, Lamar County, Mississippi, to Hydra, LLC, for $1.6
million.

                      About Crechale Properties

Crechale Properties, LLC is a Hattiesburg, Miss.-based company
engaged in the operation of apartment buildings.

Crechale Properties filed its voluntary petition for Chapter 11
protection (Bankr. S.D. Miss. Case No. 21-50079) on Jan. 21, 2021,
listing up to $10 million in assets and up to $50 million in
liabilities.  Elizabeth Crechale, manager of Crechale Properties,
signed the petition.

Judge Katharine M. Samson presides over the case.

W. Jarrett Little, Esq., at Lentz & Little, PA serves as the
Debtor's legal counsel.



CROSSPLEX VILLAGE: Says Global Resolution Reached
-------------------------------------------------
A hearing on CrossPlex Village QALICB, LLC's Disclosure Statement,
the objection by the Bankruptcy Administrator, and other matters
were scheduled for Jan. 26, 2021.  Judge D. Sims Crawford granted a
motion by the Debtors to continue the hearing to Feb. 16.

In seeking a continuance, the Debtor explained that over the last
several months, all of the active stakeholders have been engaged
in
both formal mediation and comprehensive settlement talks.  There
was recently a breakthrough.  A global resolution has been reached
subject to appropriate documentation and the Court's approval.

According to the Jan. 7 filing, counsel for the Debtor hopes to
file this global resolution in the form of a dispositive motion
within the next few weeks (if not sooner).  With the consent of all
parties, the Debtor thus requested that all pending matters in the
case be continued for status only to Feb. 16, 2022 at 1:30 p.m.

                About Crossplex Village Qalicb

CrossPlex Village QALICB, LLC, filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ala.
Case No. 20-02586) on Aug. 10, 2020.  At the time of the filing,
the Debtor disclosed assets of between $10 million and $50 million
and liabilities of the same range.  The Debtor has tapped Helmsing,
Leach, Herlong, Newman & Rouse, P.C., as its legal counsel.


CYBER LITIGATION: To Seek Plan Confirmation on Feb. 16
------------------------------------------------------
Judge Craig T. Goldblatt has entered an order approving the
Disclosure Statement of Cyber Litigation Inc., and setting a
hearing to consider confirmation of the Debtor's Plan.

The schedule of events set forth relating to confirmation of the
Plan is approved in its entirety, and the Court finds the schedule
of events is consistent with the applicable provisions of the
Bankruptcy Code and the Bankruptcy Rules, or, to the extent not
consistent with the time periods prescribed by Bankruptcy Rules
2002(b), 2002(d), 3017(a), and Local Rule 3017-1, such time periods
are modified and shortened:

   * The deadline to file Bankruptcy Rule 3018 motions for Plan
voting purposes will be on Jan. 21, 2022.

   * The deadline to provide notice of assumption/assignment to
executory contract counterparties will be on Jan. 26, 2022.

   * The deadline to file a Plan Supplement will be on Jan. 31,
2022.

   * The deadline to file claims objections for Plan voting
purposes will be on Jan. 31, 2022.

   * The voting deadline will be on Feb. 7, 2022 at 11:59 p.m.
(Prevailing Eastern Time).

   * The confirmation objection deadline will be on Feb. 10, 2022
at 12:00 p.m. (Prevailing Eastern Time).

   * The deadline to object to proposed cure amounts will be on
Feb. 10, 2022 at 12:00 p.m. (Prevailing Eastern Time).

   * The reply deadline will be on Feb. 13, 2022 at 4:00 p.m.
(Prevailing Eastern Time).

   * The deadline for voting agent to file Plan voting report will
be on Feb. 14, 2022.

   * The hearing to consider confirmation of the Plan will be on
Feb. 16, 2022 at 10:00 a.m. (Prevailing Eastern Time).

Ballots need not be provided to the Holders of Claims in (i) Class
1 (Secured Claims), (ii) Class 2 (Other Priority Claims), or (iii)
Class 3 (General Unsecured Claims) because such Holders are deemed
to accept the Plan.

Ballots need not be provided to the Holders of Interests in Class 5
(Interests) because such Holders are deemed to reject the Plan.

For voting purposes, only Holders of Allowed Tort Damages Claims in
Class 4 (defined in the Plan as the Voting Class) are entitled to
vote to accept or reject the Plan.

                          About NS8 Inc.

Las Vegas-based NS8 Inc. -- https://www.ns8.com/ -- is a developer
of a comprehensive fraud prevention platform that combines
behavioral analytics, real-time scoring, and global monitoring to
help businesses minimize risk.

NS8 sought Chapter 11 protection (Bankr. D. Del. Case No. 20 12702)
on Oct. 27, 2020.  The petition was signed by Daniel P. Wikel, the
chief restructuring officer.

The Debtor was estimated to have $10 million to $50 million in
assets and $100 million to $500 million in liabilities at the time
of the filing.

Judge Craig T. Goldblatt replaced the Honorable Christopher S.
Sontchi as the case judge. The Debtor tapped Blank Rome LLP and
Cooley LLP as its legal counsel, and FTI Consulting Inc. as its
financial advisor. Stretto is the claims agent.

                           *     *     *

The company changed its name to Cyber Litigation after selling
substantially all of its assets to Codium Software LLC in December
2020.


DIAMOND SPORTS: Gets $600 Mil. New Financing to Manage Debt
-----------------------------------------------------------
Diamond Sports Group, LLC, a wholly-owned subsidiary of Sinclair
Broadcast Group, Inc. (NASDAQ: SBGI), on Jan. 13, 2022, announced
that it and Sinclair have entered into a Transaction Support
Agreement (including the attached term sheet, the "TSA") with
various lenders holding term loans ("Existing Term Loans") under
the Company's existing credit facilities (the "Existing Credit
Facilities") and various holders of the Company's outstanding
5.375% Senior Secured Notes due 2027 (the "5.375% Secured Notes")
and the Company's 12.75% Senior Secured Notes due 2026 (the "12.75%
Secured Notes" and, together with the 5.375% Secured Notes, the
"Existing Secured Notes"), on the principal terms of a new money
financing and recapitalization (the "Transaction"), whereby the
Company intends to raise $600 million in new capital and to defer
the cash payment of a portion of its management fee to Sinclair,
which together are expected to provide approximately $1.0 billion
of liquidity enhancement over the next five years to the Company
and enable the Company to strengthen its balance sheet and better
position itself for long-term growth.

The lenders party to the TSA represent approximately 49.7% of the
aggregate principal amount of the Company's Existing Term Loans.
The noteholders party to the TSA represent approximately 53.7% of
the aggregate principal amount of the 5.375% Secured Notes and
approximately 16.7% of the aggregate principal amount of the 12.75%
Secured Notes.

"The transaction as contemplated in this agreement demonstrates the
support of both our creditors and Sinclair in positioning Diamond
for success for the long term," said Chris Ripley, Sinclair's
President and Chief Executive Officer.  "The additional liquidity
gained by this incremental financing, as well as recent digital
rights renewals with the NHL and NBA, enables us to proceed with
our plans to launch Diamond's direct-to-consumer offering, which is
important to its future state.  The platform will offer a more
personalized and interactive viewing experience that we believe
will appeal to a wider audience and better engage viewers while
offering additional revenue streams for Diamond, driving growth in
the business in the years ahead."

All lenders of Existing Term Loans, all lenders of loans and
commitments under the Company's existing revolving credit facility
(including letter of credit and swingline sub-facilities, the
"Existing Revolver") and, subject to eligibility criteria to be
specified in an exchange offer and consent solicitation (the
"Exchange Offer") pursuant to which the consents to the Transaction
are expected to be solicited from holders of the Existing Secured
Notes, all holders of Existing Secured Notes, will in each case be
offered the opportunity to participate in the Transaction on a pro
rata basis.  The Transaction, once finalized, will provide for the
following, including the amendment of certain existing debt
documents to permit the following:

   * New Money Loans: $600 million of a newly funded first-priority
lien term loan (the “New First Lien Term Loan”) ranking first
in lien priority on shared collateral ahead of (i) second lien
credit facilities issued in exchange for existing loans and/or
commitments under the Existing Credit Facilities and
second-priority lien secured notes issued in exchange for the
Existing Secured Notes in the Exchange Offer, and (ii) loans and/or
commitments under the Existing Credit Facilities and Existing
Secured Notes that do not participate in or consent to the
Transaction, each of which will rank third in lien priority on
shared collateral.

   * New Exchange Credit Facilities and Secured Notes: All lenders
under the Existing Credit Facilities and all holders of Existing
Secured Notes that participate in or consent to the Transaction
will exchange their applicable existing debt holdings for:

   * In the case of Existing Term Loans, second-priority lien term
loans (the "Exchange Second Lien Term Loan") with the same or
substantially the same maturity, pricing and other economic terms
as the Existing Term Loans, but with more restrictive covenants and
other terms, which terms will be (in each case other than as
outlined in the TSA or otherwise agreed pursuant to definitive
documents) substantially consistent with the New First Lien Term
Loan.

   * In the case of the Existing Revolver, a second-priority lien
revolving credit facility (including letter of credit and swingline
sub-facilities, the “Exchange Revolver”) with more restrictive
covenants and other terms as compared with the Existing Revolver,
which terms will be (other than as outlined in the TSA or otherwise
agreed pursuant to definitive documents) substantially consistent
with (and be part of the same credit facility as) the Exchange
Second Lien Term Loan, and will be exchanged into such second lien
credit facility.

   * In the case of the Existing Secured Notes (as to which the
consents to the Transaction are expected to be solicited pursuant
to the Exchange Offer), second-priority lien secured notes (the
"Exchange Second Lien Notes") with more restrictive covenants and
other terms than the Existing Secured Notes, which terms will be
(other than as outlined in the TSA or otherwise agreed pursuant to
definitive documents) substantially consistent with the Exchange
Second Lien Term Loan.

   * Non-Participating Existing Credit Facilities and Secured
Notes: The holdings of lenders under the Existing Credit Facilities
that do not participate in or consent to the Transaction and
Existing Secured Notes that do not participate in or consent to the
Exchange Offer will rank third in lien priority on shared
collateral behind each of the New First Lien Term Loan, the
Exchange Second Lien Term Loan, the Exchange Revolver and the
Exchange Second Lien Notes, and it is expected that certain of the
covenants, events of default and related definitions in the
Existing Credit Facilities and the Existing Secured Indentures will
be eliminated in a manner customary for covenant amendments as part
of exit consents for transactions of this type.

                      Conditions to Closing

The closing of the Transaction as contemplated by the TSA is
conditioned on the satisfaction or waiver of certain conditions
precedent, including finalizing all definitive documents and
diligence to the satisfaction of the respective parties thereto,
and achieving certain participation and consent thresholds.
Specifically, the Transaction requires participation and consent by
lenders holding at least a majority of the aggregate principal
amount of the Company’s outstanding loans and commitments under
the Existing Credit Facilities and the tender and consent by
holders of at least two-thirds (66 2/3%) of the aggregate principal
amount of each of the Company’s outstanding 5.375% Secured Notes
and 12.750% Secured Notes (unless the Company and the lenders and
noteholders party to the TSA have otherwise reached an agreement
with respect to the Transaction acceptable to the Company and such
lenders and noteholders).

The Company expects to commence the Exchange Offer in late January
2022.

This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor a solicitation
of consents from any holders of securities, nor shall there be any
sale of securities or solicitation of consents in any jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such jurisdiction. Any solicitation or offer will only be made
pursuant to a separate disclosure statement distributed to the
relevant holders of securities.

Wilmer Cutler Pickering Hale and Dorr LLP is serving as legal
advisor to DSG, Pillsbury Winthrop Shaw Pittman LLP is serving as
special finance counsel to DSG, and Moelis & Company LLC is serving
as financial advisor to DSG. Gibson, Dunn & Crutcher LLP is serving
as legal advisor to an ad hoc group of holders of Existing Term
Loans and Existing Secured Notes, including the new money lenders
providing the New First Lien Term Loan, and Evercore is serving as
financial advisor.




                  About Sinclair Broadcast Group

Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) is a diversified
media company and a leading provider of local sports and news.
Sinclair owns and/or operates 21 regional sports network brands;
owns, operates and/or provides services to 185 television stations
in 86 markets; owns multiple national networks including Tennis
Channel and Stadium; and has TV stations affiliated with all the
major broadcast networks. Sinclair’s content is delivered via
multiple platforms, including over-the-air, multi-channel video
program distributors, and digital and streaming platforms NewsOn
and STIRR. Sinclair regularly uses its website as a key source of
Sinclair information which can be accessed at www.sbgi.net.

                     About Diamond Sports Group

Diamond Sports Group LLC, a subsidiary of Sinclair Broadcast Group,
Inc., owns the Bally Sports Regional Sports Networks (RSNs), the
nation’s leading provider of local sports. Its 19
owned-and-operated RSNs include Bally Sports Arizona, Bally Sports
Detroit, Bally Sports Florida, Bally Sports Great Lakes, Bally
Sports Indiana, Bally Sports Kansas City, Bally Sports Midwest,
Bally Sports New Orleans, Bally Sports North, Bally Sports Ohio,
Bally Sports Oklahoma, Bally Sports San Diego, Bally Sports SoCal,
Bally Sports South, Bally Sports Southeast, Bally Sports Southwest,
Bally Sports Sun, Bally Sports West and Bally Sports Wisconsin. The
Bally Sports RSNs serve as the TV home to more than half of all
MLB, NHL and NBA teams based in the United States and produce over
4,500 live local professional telecasts each year in addition to a
wide variety of locally produced sports events and programs.
Diamond Sports Group also has a joint venture in Marquee, the home
of the Chicago Cubs, and a minority interest in the YES Network,
the local destination for the New York Yankees and Brooklyn Nets.


EDWARD DON: Moody's Affirms B3 CFR; Outlook Still Negative
----------------------------------------------------------
Moody's Investors Service affirmed Edward Don & Company, LLC's
(Edward Don) ratings including its Corporate Family Rating (CFR) at
B3, its Probability of Default Rating (PDR) at B3-PD, and its first
lien senior secured term loan rating at Caa1. The outlook remains
negative.

The ratings affirmation reflects that Edward Don's sales and
earnings are recovering nicely from improved market demand for
casual dining and lodging as consumers continue to get vaccinated
and resume activities away from home. As a result, Moody's expects
the company's credit metrics to further improve, including
debt-to-EBITDA to decline to below 7.5x and slightly positive free
cash flow generation in 2022. The outlook nevertheless remains
negative because of the high level of potential earnings variation.
The lingering effects of the coronavirus including variants such as
Omicron will potentially have a negative impact on the company's
product demand, and EBITA margin pressures due to inflationary cost
pressures and supply chain disruption remain risks to an earnings
recovery. These factors combined with working capital investment if
sales increase and to ensure sufficient product availability could
sustain weak or negative free cash flow. Moreover, the expiration
of Edward Don's ABL in July 2023 creates refinancing risk. Moody's
anticipates the company will extend or refinance its ABL in advance
of becoming current. However, Edward Don relies heavily on its ABL
and liquidity will be materially weakened if the company fails to
extend its revolving credit facility.

The following ratings are affected by the action:

Affirmations:

Issuer: Edward Don & Company, LLC

  Corporate Family Rating, Affirmed B3

  Probability of Default Rating, Affirmed B3-PD

  Gtd Senior Secured 1st Lien Term Loan B, Affirmed Caa1 (LGD4)

Outlook Actions:

Issuer: Edward Don & Company, LLC

  Outlook, Remains Negative

RATINGS RATIONALE

Edward Don's B3 CFR reflects its high financial leverage, with
debt-to-EBITDA above 10x for the twelve months ending September 24,
2021. The company has end market concentration in the
foodservice/restaurant and lodging sectors, which are susceptible
to discretionary consumer spending. For the foodservice sector, the
company has high exposure to casual dining and full service
restaurants, which are more negatively impacted by
coronavirus-related consumer behavior shifts compared to quick
service restaurants (QSR). Edward Don's revenue has rebounded
strongly in 2021. However, the EBITA has recovered slower than
revenue, amid higher freight and labor costs as well as supply
chain disruptions. The lingering effects of the coronavirus
including variants such as Omicron add additional uncertainty to
the demand for end markets including the foodservice and lodging
sectors. Although uncertainty remains, Moody's expects the
company's debt-to-EBITDA financial leverage to decline to about
7.3x in 2022, supported by a solid recovery in revenue and
earnings. The rating also reflects the company's strong market
position in the foodservice supplies and equipment distribution
industry, its relatively recurring revenue stream from supply
replenishment and equipment replacement, and low capital
expenditure requirements.

Moody's anticipates Edward Don to have adequate liquidity,
supported primarily by $62 million availability in its $100 million
committed ABL as of September 24, 2021. Edward Don's only holds a
limited cash balance and while $5-10 million of projected free cash
flow in 2022 provides adequate coverage of the $2.1 million of
required term loan amortization, working capital investment is
meaningful and could limit any improvement in free cash flow. The
revolver matures in July 2023, and liquidity would weaken
considerably if the facility is not proactively extended.

The coronavirus outbreak and the government measures put in place
to contain it continue to disrupt economies and credit markets
across sectors and regions. Although an economic recovery is
underway, the recovery is tenuous, and continuation will be closely
tied to containment of the virus. As a result, a degree of
uncertainty around Moody's forecasts remains. The foodservice
equipment and supply distribution sector has been one of the
sectors most significantly affected by the shock given its
sensitivity the effect of consumer demand and sentiment on
out-of-home activity. Moody's regards the coronavirus outbreak as a
social risk under its ESG framework, given the substantial
implications for public health and safety.

Environmental factors are not significant credit considerations but
factors such as responsible sourcing, particularly as it relates to
the company's paper products, help protect the company's market
position.

Governance risks factors include the company's majority ownership
by private equity sponsors, aggressive financial policies, and its
growth through acquisition strategy.

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

The ratings could be upgraded if the company's operating results
and free cash flow generation improve driven by sustained organic
revenue growth and EBITDA margin expansion, if debt/EBITDA is
sustained below 6.0x and the company maintains at least adequate
liquidity with less reliance on revolver borrowings.

The ratings could be downgraded if operating results do not improve
such that debt/EBITDA sustained above 7.5x, free cash flow remains
weak or negative, or if there is a deterioration in liquidity for
any reason including increasing revolver reliance. The ratings
could also be downgraded if the company fails to extend its
revolving credit facility.

Headquartered in Woodridge, Illinois, Edward Don & Company, LLC
("Edward Don"), is a distributor of supplies and equipment to
foodservice providers. Private Equity firm Vestar Capital Partners
acquired a majority ownership interest in Edward Don in March 2017.
The company is private and does not publicly disclose its
financials. Edward Don generated revenue just under $1.0 billion
for the twelve-month period ended September 24, 2021.


ELAINE M. REED: Sale of Franklin Real Property to Svecs Approved
----------------------------------------------------------------
Judge Randal S. Mashburn of the U.S. Bankruptcy Court for the
Middle District of Tennessee authorized Elaine M. Reed to sell the
real property located at 212 Bellegrove Court, in Franklin,
Williamson County, Tennessee, to Todd D. Svec and Crystal L. Svec.

Ajax Mortgage Loan Trust 2020-B, Mortgage-Backed Securities, Series
2020-B, by U.S. Bank  National  Association, as Indenture Trustee
will receive direct from escrow the sum of $553,377.04 at the
closing of the sale of the Property to be conducted no later than
Jan. 5, 2022 in full and final satisfaction of its lien on the
Property.  In the event that the sale does not complete by the
required date, the Debtor will need to timely request an updated
payoff, as interest, escrow expenditures and attorney fees and
costs will continue to accrue.

First Horizon Bank will receive direct from escrow the sum of
$110,599.82 at the closing of the sale of the Property to be
conducted no later than Jan. 5, 2022 in full and final satisfaction
of its claims against the Debtor and the Property.  In the event
that the sale does not complete by the required date, the Debtor
will need to timely request an updated payoff, as interest, escrow
expenditures and attorney fees and costs will continue to accrue.

First Horizon Bank will receive direct from escrow the sum of
$3,970.80 at the closing of the sale of the Property to be
conducted no later than Jan. 5, 2022 in full and final satisfaction
of its claims against the Debtor and the Property.  In the event
that the sale does not complete by the required date, Debtor will
need to timely request an updated payoff, as interest, escrow
expenditures and attorney fees and costs will continue to accrue.

The United States on behalf of its agency the Internal Revenue
Service will receive direct from escrow the sum of at least
$593,118.58 at the closing of the sale of the Property to be
conducted no later than Jan. 5, 2022 in full and final satisfaction
of its claims against the Property.

Any party claiming a lien or interest in the Property will execute
such release as is necessary to allow the transfer of the Property
authorized.

A hearing on the Motion was held on Dec. 7, 2021, 9:30 a.m.

Elaine M. Reed sought Chapter 11 protection (Bankr. M.D. Tenn.
Case
No. 21-02725) on Sept. 7, 2021. The Debtor tapped Joseph Rusnak,
Esq., at Tune, Entrekin & White, PC as counsel.



FUEL DOCTOR: Appoints Three New Board Members
---------------------------------------------
Amitai Weiss, Asaf Itzhaik, and Moshe Revach were appointed to fill
existing vacancies on Fuel Doctor Holdings, Inc.'s Board of
Directors in accordance with the written consent of majority of
directors dated Jan. 6, 2022.  None of the newly appointed
Directors had a prior relationship with the company.  In addition,
on Jan. 6, 2022, Amitai Weiss was appointed as the chief executive
officer of the company.

On Jan. 7, 2022, Deanna Johnson resigned as an officer and as a
director of the company.

Mr. Weiss was founder and chief executive officer of Amitay Weiss
Management Ltd.  Prior to forming his company, he held several
positions at Bank Poalei Agudat Israel Ltd., most recently as vice
president of Business Marketing & Development.  He currently chairs
and serves as director on the boards of several public companies.
Mr. Weiss earned his B.A. in Economics from New England College,
and his M.B.A. and LL.B from Ono Academic College in Israel.

Mr. Revach is currently Deputy Mayor of the city of Ramat Gan,
Israel, and has held the sports and government relations portfolios
in the Ramat Gan municipality, and has served in various positions
with the municipality since 2008.  Mr. Revach serves as a director
of L.L.N IT solutions, a wholly owned subsidiary of the Jewish
Agency for Israel and of Biomedico Hadarim Ltd., and has served as
a director of the RPG Economic Society and Jewish Experience
Company on behalf of the Jewish Agency.  Mr. Revach holds an LL.B
from the Ono Academic College, Israel, and a B.A. in Management and
Economics from the University of Derby.

Mr. Itzhaik is the founder of Assi Glasses, an optical brand and
has served as the chief executive officer of the company for more
than 20 years.  Mr. Itzhaik is a licensed Optician.

                         About Fuel Doctor

Calabasas, Cal.-based Fuel Doctor Holdings, Inc., is the exclusive
distributor for the United States and Canada of a fuel
efficiency booster (the FD-47), which plugs into the lighter
socket/power port of a vehicle and increases the vehicle's miles
per gallon through the power conditioning of the vehicle's
electrical systems.  The Company has also developed, and plans on
continuing to develop, certain related products.

Fuel Doctor reported a net loss of $2.69 million in 2011, compared
with a net loss of $2.48 million in 2010.  The Company's balance
sheet at Sept. 30, 2012, showed $1.37 million in total assets,
$1.61 million in total liabilities and a $240,899 total
shareholders' deficit.

Rose, Synder & Jacobs LLP, in Encino, California, issued a "going
concern" qualification on the consolidated financial statements
for the period ended Dec. 31, 2011.  The independent auditors noted
that the Company has sustained recurring operating losses,
continues to consume cash in operating activities, and has an
accumulated deficit at Dec, 31, 2011, which conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


FUTURE PUBLIC SCHOOL: Moody's Rates 2022A/2022B Bonds 'Ba2'
-----------------------------------------------------------
Moody's Investors Service has assigned an initial Ba2 rating to
Future Public School, ID's $8.4 million Nonprofit Facilities
Revenue Bonds (Future Public School Project), Series 2022A and
$265,000 Nonprofit Facilities Revenue Bonds (Future Public School
Project), Taxable Series 2022B. Concurrently, Moody's has assigned
a stable outlook to the school. The conduit issuer is Idaho Housing
and Finance Association. Upon issuance of the Series 2022A&B
revenue bonds, the total debt outstanding will be approximately
$8.7 million.

RATINGS RATIONALE

The initial Ba2 rating is based on the school's small scope of
operations that will grow modestly as it continues to fill its
existing facility by drawing on its waitlist driven by its fair
competitive position in a growing market. The rating also considers
the school's relatively weak current liquidity position. Management
projects that liquidity will improve, driven by grants and
philanthropic support pledged to the school during its early years
of operation.

The school's quite high leverage is a key credit challenge, and
though coverage is healthy at present, it will decline once certain
one-time revenues, specifically philanthropic support, winds down
over the next several years. Governance is a key consideration for
initial rating actions. Governance considerations include the
school's experienced and varied board, which provides strong
governance as well as significant financial and advisory support
provided by a philanthropic organization. Relatively strong
governance helps to mitigate the risk of future charter
non-renewal; Future has not yet completed its first charter
renewal.

RATING OUTLOOK

The stable outlook reflects Moody's expectation that the school's
liquidity will continue to improve over the next several years but
the very high leverage will remain a negative factor as debt
amortizes over the longer term.

FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATINGS

- Significant and sustained improvement of days cash on hand

- Reduction in leverage relative to liquidity and revenue

FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATINGS

- Erosion of competitive profile that prevents the school from
   reaching planned full enrollment

- Any reduction in liquidity or unexpected deterioration of debt
   service coverage

LEGAL SECURITY

The bonds are payable from payments received pursuant to a loan
agreement between Future Public School and the Idaho Housing and
Finance Association. The association serves as the issuer of the
debt. Under the loan agreement, Future School has pledged to make
payments from a pledge of gross revenues. The revenues are
primarily comprised of state funding, though the agreement does
also include any other revenues derived from operation of the
school. A deed of trust on the school facility backs the loan in
the event of nonpayment.

USE OF PROCEEDS

Bond proceeds will be used to purchase the school's existing
facility, which is presently leased.

PROFILE

Future Public School is a public charter school located in Garden
City, Idaho, which is within the Boise metropolitan area. The
single-site K-6 school has grown to serve an enrollment of 423
students since its first year of operations in the 2018-19 school
year.


GERALD LEE GRAY: Court Approves Proposed Sale of Clintwood Property
-------------------------------------------------------------------
Judge Paul M. Black of the U.S. Bankruptcy Court for the Western
District of Virginia authorized Gerald Lee Gray to transfer his
office building located at 221 E. Main St., in Clintwood, Virginia,
described as Tax Map # 10990 in the Treasurer's Office of Dickenson
County, by the execution and delivery, on Feb. 21, 2022, of a
special warranty deed in lieu of foreclosure to Truist Bank or its
assignee, Atlas SPE, LLC, and upon the delivery of the deed in a
form satisfactory to Truist Bank and the Debtor taking such other
actions authorized in the Order with respect to payment of real
estate taxes on the subject property at the time of transfer and
the provision of title insurance satisfactory to Truist Bank, all
claims of Truist Bank against the Debtor and his estate will be
deemed to be satisfied, in full.

The property's legal description is as follows: "BEGINNING at a
stake, a corner to Alley No. 1, and with a line of same N 34 W 10
poles to a stake in a line of High Street; thence with a line of
High Street, S 56 W4 poles to a stake in said line; thence S 34 E
10 poles to a stake in a line of Main Street; thence with a line of
Main Street, N 56 E 4 poles to the BEGINNING, containing
approximately one-fourth (1/4th) of an acre."

The Debtor is further authorized to pay the real estate taxes on
the subject property and provide an Owner's Title Insurance Policy
to Atlas SPE, LLC.   

The bankruptcy case is In re: Gerald Lee Gray, Case No. 21-70721
(Bankr. W.D. Va.).



GERALD LEE GRAY: Court Approves Sale of Farm Equipment for $6.5K
----------------------------------------------------------------
Judge Paul M. Black of the U.S. Bankruptcy Court for the Western
District of Virginia authorized Gerald Lee Gray to sell farm
equipment, for the total purchase price of 6,460, with closing to
be held as soon as practicable after entry of the Order.  

The Debtor is directed to deposit the proceeds of the sale into his
DIP Bank account.

The bankruptcy case is In re: Gerald Lee Gray, Case No. 21-70721
(Bankr. W.D. Va.).



GLORIA HERNDON: Meyers Rodbell Represents Homeowners
----------------------------------------------------
In the Chapter 11 cases of Gloria Elaine Herndon, the law firm of
Meyers, Rodbell & Rosenbaum, P.A., submitted a verified statement
under Rule 2019 of the Federal Rules of Bankruptcy Procedure, to
disclose that it is representing South Shore Marina Condominium
Association, Inc. and South Shore Homeowners Association, Inc.

As of Jan. 14, 2022, the clients and their disclosable economic
interests are:

South Shore Marina Condominium Association, Inc.
c/o Excel Property Management
35370 Atlantic Ave.
Millville, DE 19967

* Condominium Fees

South Shore Homeowners Association, Inc.
c/o Excel Property Management
35370 Atlantic Ave.
Millville, DE 19967

* HOA Fees

Counsel for South Shore Marina Condominium Association, Inc. can be
reached at:

          MEYERS, RODBELL & ROSENBAUM, P.A.
          Nicole C. Kenworthy, Esq.
          6801 Kenilworth Avenue, Suite 400
          Riverdale Park, MD 20737
          Tel: (301) 699-5800
          E-mail: bdept@mrrlaw.net

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://bit.ly/3Kauzyh

The Chapter 11 case in In re Gloria Elaine Herndon (Bankr. D. Md.
Case No. 21-15697 TJC).


GOTSPACE DATA: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Gotspace Data Equity Fund, LLC
        268 Newbury Street
        4th
        Boston, MA 02116

Chapter 11 Petition Date: January 14, 2022

Court: United States Bankruptcy Court
       District of Massachusetts

Case No.: 22-10044

Debtor's Counsel: Carmenelisa Perez-Kudzma, Esq.
                  PEREZ-KUDZMA LAW OFFICE, LLC
                  35 Main Street, Suite #1
                  Wayland, MA 01778
                  Tel: 978-505-3333
                  Email: Carmenelisa@pklaw.law

Estimated Assets: $10 billion to $50 billion

Estimated Liabilities: $1 million to $10 million

The petition was signed by Nicholas J. Fiorillo, sole
manager/office owner.

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/X4ZRZ6A/Gotspace_Data_Equity_Fund_LLC__mabke-22-10044__0001.0.pdf?mcid=tGE4TAMA


GREENSILL CAPITAL: Credit Suisse Files $1.2B Insurance Claims
-------------------------------------------------------------
Najiyya Budaly of Law360 reports that Credit Suisse AG said on
Thursday, January 6, 2022, it has filed five insurance claims
covering almost $1.2 billion in exposure across its supply-chain
finance funds linked to collapsed Greensill Capital.

The Swiss lender's asset management arm said it had filed claims by
Dec. 31, 2021 for its Luxembourg-based fund related to $846 million
in exposures, as well as for its high-income fund with $326 million
in exposures.  The asset manager did not say to whom the claims
were made. The funds were insured by Greensill entities, with the
Credit Suisse funds named as the loss payees, according to a
document published.

                    About Greensill Capital

Greensill Capital is an independent financial services firm and
principal investor group based in the United Kingdom and Australia.
The Company offers structures trade finance, working capital
optimization, specialty financing and contract monetization.
Greensill Capital Pty is the parent company for the Greensill
Group.

Greensill began to unravel in March 2021 when its main insurer
stopped providing credit insurance on US$4.1 billion of debt in
portfolios it had created for clients including Swiss bank Credit
Suisse.

Greensill Capital (UK) Limited and Greensill Capital Management
Company (UK) Limited filed for insolvency in Britain on March 8,
2021. Matthew James Byrnes, Philip Campbell-Wilson and Michael
McCann of Grant Thornton were appointed as administrators.

Greensill Capital Pty Ltd. filed insolvency proceedings in
Australia. Matt Byrnes, Phil Campbell-Wilson, and Michael McCann of
Grant Thornton Australia Ltd, as voluntary administrators in
Australia.

Greensill Capital Inc. filed for Chapter 11 bankruptcy (Bankr.
S.D.N.Y. Case No. 21-10561) on March 25, 2021. The petition was
signed by Jill M. Frizzley, director. It listed assets of between
$10 million and $50 million and liabilities of between $50 million
and $100 million. The case is handled by Honorable Judge Michael E.
Wiles. Togut, Segal & Segal LLP, led by Kyle J. Ortiz, is the
Debtor's counsel.

                         About Greensill Bank

Bremen-based Greensill Bank, formerly known as NordFinanz Bank AG,
is a German subsidiary of Greensill Capital UK. It was acquired in
2014 by Greensill Capital, which itself filed for insolvency on
March 8, 2021.

Greensill Bank filed a Chapter 15 petition (Bankr. S.D.N.Y. Case
No. 21-10757) on April 20, 2021, to seek U.S. recognition of its
insolvency proceeding in Germany. Michael C. Frege is the
administrator.

Greensill Bank's U.S. counsel:

         David Farrington Yates
         Kobre & Kim LLP
         Tel: (212) 488-1211
         E-mail: farrington.yates@kobrekim.com


HARRIS PHARMACEUTICAL: $250K Sale of Assets to Prasco Approved
--------------------------------------------------------------
Judge Caryl E. Delano of the U.S. Bankruptcy Court for the Middle
District of Florida authorized Amy Denton Harris, the Subchapter V
trustee for Harris Pharmaceutical, Inc., to sell assets to Prasco,
LLC, doing business as Prasco Laboratories, for $250,000.

The Trustee is authorized to consummate the sale of the Acquired
Assets to the Buyer in accordance with the Sale Terms as set forth
in the Motion as modified, including the execution and delivery in
favor of the Buyer of the Bill of Sale, free and clear of any and
all liens, claims, encumbrances and interests, with such liens,
claims, and encumbrances to attach to the sale proceeds.

The Trustee is further authorized and directed to pay an amount
necessary from the Purchase Price to satisfy the secured claim
filed in the case as Claim No. 6 by the SBA and the balance of the
Purchase Price in accordance with the terms of the Confirmed Plan.

The 14-day stay set forth in Bankruptcy Rule 6004(h) is waived, for
good cause shown, and the Order will be immediately enforceable and
the Closing may occur immediately following its entry.

Trustee Amy Denton Harris is directed to serve a copy of the Order
on interested parties who do not receive service by CM/ECF and to
file a proof of service within three days of entry of the Order.

A hearing on the Motion was held on Jan. 6, 2022, at 10:30 a.m.

                    About Harris Pharmaceutical

Harris Pharmaceutical, Inc., a Fort Myers, Fla.-based manufacturer
of pharmaceutical and medicine products, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
20-08071) on Oct. 29, 2020, disclosing $4,229,666 in total assets
and $2,207,513 in total liabilities as of Sept. 30, 2021.  Judge
Caryl E. Delano oversees the case.

The Debtor tapped the Law Office of Leon A. Williamson, Jr., PA as
bankruptcy counsel.  

Amy Denton Harris is the Subchapter V trustee appointed in the
Debtor's Chapter 11 case.  Stichter, Riedel, Blain & Postler, PA
and Westerman Ball Ederer Miller Zucker & Sharfstein, LLP serve as
the trustee's special counsel.



HEALTHE INC: Owes Crystal IS and Its Owner $2.7 Million
-------------------------------------------------------
Mark Halper of LEDs Magazine reports that Healthe Inc, the company
that crashed after changing course to focus on UV-C luminaires,
owes UV-C LED provider Crystal IS $2.7 million, bankruptcy papers
show.

Crystal is Healthe's second-largest creditor after billionaire
co-owner and real estate tycoon Stephen Ross, owed $8.2 million.

Orlando-based Healthe filed for Chapter 7 bankruptcy in Delaware in
December.

The move came a few months after a curious episode in which CEO
Gerard Meyer lasted mere weeks, with Healthe neither offering an
explanation nor announcing his departure or a replacement.

Meyer's short tenure seemed to signal trouble at the company, which
was already engaged in a patent lawsuit regarding rights to far
UV-C technology with Somersworth, NH-based Far-UV Sterilray.

Indeed, on Dec. 10, Healthe filed at least two different documents
with the United States Bankruptcy Court District of Delaware
detailing its distressed state. LEDs Magazine has seen both.

One of the documents describes the company’s assets and
liabilities. It states that Healthe owes Green Island, NY-based
Crystal IS $2.7 million in a “disputed” claim. Crystal is owned
by Japanese conglomerate Asahi Kasei.

As LEDs reported in late 2020, Crystal IS provided the 265-nm UV-C
LEDs that Healthe built into ceiling troffers it provided to the
Miami Dolphins football team for use in disinfecting the locker
room and other facilities.

The Healthe Air fittings were aimed at zapping the SARS-CoV-2
virus, which causes COVID-19. The Dolphins announced the Healthe
installation in August 2020. Dolphins owner Stephen Ross had become
a substantial owner of privately-held Healthe a few months earlier,
in May 2020.

Ross, who is also the chairman of New York-based international
real-estate giant Related Companies, seemed interested in bringing
Healthe UV-C products into Related’s vast real estate portfolio,
which includes New York City's Hudson Yards complex of office,
hotel, residential, and retail space.

Such an expansive possibility might partially explain why Healthe
had changed strategic direction toward UV-C, after nearly two
decades of emphasizing products in circadian lighting, where it had
pioneered developments and once worked with NASA in developing
lighting for the International Space Station.

But the UV-C sales never materialized. Instead, Healthe owes
Ross’ company, SMR Trust, headquartered in Hudson Yards, $8.2
million (Stephen Ross' middle initial is M).  The bankruptcy court
papers do not explain why.  In three separate tick boxes on the
court form, they describe SMR’s claim as "contingent,"
"unliquidated," and "disputed."

The other court filing details the ownership of Healthe.  It
reveals that a Ross company called SMR Revocable Trust owns about
28.5% of the company, making Ross Healthe's second-largest owner
after Lighting Science Group’s 44.1%.

Lighting Science (LSG), based in Warwick, RI, is a holding company
that was once an operating company running various lighting
divisions including the circadian business that would become
Healthe.  It split those divisions into three separate companies in
February 2019.  In addition to Healthe, the other two were
horticultural lighting firm VividGro and contract lighting
manufacturer Global Value Lighting, a joint venture with China's
MLS.

LSG is backed by investment firm Pegasus Capital.

LEDs plans to bring you more from Healthe's Chapter 7 bankruptcy
papers, which also mention developments with Nichia, Ushio,
Sterilray, Eden Park Illumination, FarUV Solutions, Tupperware,
Salesforce.com, and others, including a company called Hire an
Esquire.

The federal Chapter 7 bankruptcy process is a liquidation of assets
used to pay creditors. It is different from Chapter 11, from which
companies can re-emerge after working out payment agreements.

                        About Healthe Inc.   

Healthe, Inc., UVC technology company Healthe, Inc., filed a
chapter 7 petition (Bankr. D. Del. Case No. 21-11567) on Dec. 10,
2021.  David W. Carickhoff serves as the Chapter 7 Trustee and is
represented by Bryan J. Hall and Alan M. Root at ARCHER & GREINER,
P.C., in Wilmington.  The Debtor disclosed $12.2 million in assets
(including nearly 100 UV technology patents) and $15 million in
unsecured claims, of which more than half is owed to an insider.


HK FACILITY SERVICES: Unsecureds to Get 100% in 22 Months
---------------------------------------------------------
HK Facility Services, Inc., submitted an Amended Plan of
Reorganization.

The Amended Plan of Reorganization under Chapter 11 of Title 11 of
the United States Code proposes to pay creditors of HK Facility
Services, Inc., from future revenues generated by the Debtor's
business.

Generally, the Plan provides that all administrative creditors will
be paid in full on the Effective Date of the Plan (which is 60 days
after the Order confirming the Plan) unless otherwise agreed.
Secured claims with liens on vehicles will continue to be paid in
accordance with the terms of their contracts.  Secured claims with
UCC liens will be paid 100% of their allowed claims.  Unsecured
claims will receive 100% of the amount of their allowed claims.
Payments shall begin 30 days after payment in full of the secured
claims. Plan term is estimated to be 60 months.

Class 3 Unsecured Claims are comprised of:

   * HFH Captial LLC:            $21,813 (filed claim)
   * Buildingstars:              $35,000
   * Delta Bridge Funding:       $28,175
   * Legend Advance Funding LLC:  $3,456
   * Lending Valley:             $21,500

The Debtor proposes to pay $5,000 monthly, with each unsecured
creditor to receive a pro-rata share of said $5,000 each month
until all five claims have been paid in full.  At $5,000 per month,
it is estimated that all Class 3 creditors will be paid in 22
months.  Payments shall begin 30 days after payment in full of the
Class 2 claims.  Class 3 is unimpaired.

A copy of the Plan dated Jan. 12, 2021, is available at
https://bit.ly/3I7aPcT from PacerMonitor.com.

                   About HK Facility Services

HK Facility Services, Inc., provides janitorial services to
businesses and apartment buildings.  Founded in 2016, HK Facility
operates its business at 3209 N. Wilke Road, Suite 112, Arlington
Heights, Ill.

HK Facility filed a petition for Chapter 11 protection (Bankr. N.D.
Ill. Case No. 21-10458) on Sept. 9, 2021, listing up to $50,000 in
assets and up to $500,000 in liabilities.  Hugh McGuirk, president
of HK Facility, signed the petition.

Joseph Wrobel, Ltd. is the Debtor's bankruptcy counsel.


HOSPEDERIA VILLA: Court Confirms Subchapter V Plan
--------------------------------------------------
Judge Mildred Caban Flores has entered an order that the Plan of
Reorganization under Chapter 11 Subchapter V filed by Hospederia
Villa Verde Inc. dated Aug. 2, 2021 is confirmed as supplemented on
Dec. 21, 2021.

The Debtor's principal asset, a building located at 1295 Marginal
Villamar, Isla Verde, PR 00979-6345, serves as a collateral in a
debt with creditor YAJAD 77, LLC.  The debt, originally incurred by
Delmarie
Rivera Fernandez with Banco Santander de Puerto Rico and of which
Debtor is a co-debtor, was thereafter acquired by YAJAD 77, LLC.
Delmarie Rivera Fernandez filed for Bankruptcy on year 2018, case
18-02153.  In said procedure, Ms. Rivera Fernandez filed a
reorganization plan, confirmed by the Court, in which she partially
covers her debt with BSPR, now YAJAD 77, LLC.  Creditor YAJAD 77,
LLC continued with State Court procedures to recover from herein
Debtor.  

The Debtor filed the instant case to cover with its reorganization
plan the amount of YAJAD's claim not covered by Delmarie Rivera
Fernandez in her Chapter 11 reorganization plan.  The Plan will
allow Debtor to reorganize, maximize the value of the estate and to
continue operations providing job to its employees.

Allowed General Unsecured Claims in Class 4 are unimpaired and will
receive 100% of their claim as of the effective date of the Plan.
The allowed general unsecured claim of Yajad 77, LLC, in Class 5 is
paid 100% as well; although Class 5 claim is paid 10.6% through the
plan, creditor of Class 5 claim is receiving payments covering the
other 89.4% from co-debtor Delmarie Rivera Fernandez through her
confirmed reorganization plan in case 18-02153.  The Plan
contemplates a 0.00% dividend to the holder of Unsecured Insiders
Creditors in Class 6.

In the event of a liquidation of Debtor's assets under Chapter 7,
considering the costs and expenses thereof, and the estimated
values of Debtor's assets, Unsecured Non-Insider Creditors would
receive 9.86% of
their claims and unsecured Insider Creditors would receive 0.00%.

A copy of the Plan dated Aug. 2, 2021, is available at
https://www.pacermonitor.com/view/IGOROUY/HOSPEDERIA_VILLA_VERDE_INC__prbke-21-01015__0059.0.pdf

                  About Hospederia Villa Verde

Hospederia Villa Verde, Inc., owner and operator of the Villa Verde
Inn, sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D.P.R. Case No. 21-01015) on March 31, 2021, listing
$500,001 to $1 million in both assets and liabilities.  

Harold A. Frye Maldonado, Esq., at Frye Maldonado Law Office,
serves as the Debtor's legal counsel.

YAJAD 77, LLC, as secured creditor, is represented by Hermann D.
Bauer, Esq. and Gabriel A. Miranda Rivera, Esq. at O'Neill and
Borges LLC.


ILD CORP: Liquidating Agent's $4K Sale of Remnant Assets Approved
-----------------------------------------------------------------
Judge Jerry A. Funk of the U.S. Bankruptcy Court for the Middle
District of Florida authorized Mark Healey, the Liquidating Agent
for ILD Corp. and affiliates, to sell the remnant assets to Oak
Point Partners, LLC, for $4,000.

The sale is free and clear of all liens, claims, and encumbrances.

The Liquidating Agent is authorized to take all actions necessary
to effectuate the relief granted pursuant to the Order.  

A hearing on the Motion was held on Jan. 3, 2022, at 11:00 a.m.

Attorney Jimmy D. Parrish is directed to serve a copy of the Order
on interested parties and file a proof of service within three days
of entry of the Order.  

                         About ILD Corp.

Founded in 1996, ILD Corp., formerly ILD Telecommunications, Inc.
-- http://www.ildteleservices.com-- is a payment processor for
online transactions between merchants and consumers of digital
goods and communications services.  Through contractual
relationships with telecommunications companies, including AT&T
and
Verizon, ILD enables approved merchants the ability to offer their
customers the option of billing products and services directly to
a
home or business phone bill, providing a safer payment method for
consumers and expanding the potential customer base for
businesses.

Headquartered in Ponte Vedra, Florida, ILD has agreements with
virtually all local phone companies in North America, reaching in
excess of 150 million consumers and businesses across the
continent.  ILD's customers include more than 200 service
providers
including EarthLink, LiveDeal, Eversites, Juno, NetZero, People PC
and Privacy Guard.

ILD Corp. and its affiliates filed for Chapter 11 bankruptcy
protection (Bankr. M.D. Fla. Lead Case No. 17-03506) on Sept. 29,
2017.  In the petitions signed by Edward H. Brooks, executive
vice-president and CFO of ILD Corp. estimated its assets at
between
$1 million and $10 million and its liabilities at between $10
million and $50 million.

Judge Paul M. Glenn oversees the case.

Jimmy D. Parrish, Esq., at Baker & Hostetler LLP, serves as the
Debtors' bankruptcy counsel.

On July 5, 2018, the Court confirmed the Debtors' Modified Amended
Plan of Reorganization.

In accordance with the Plan and Confirmation Order, all of the
Debtors' non-billing company assets were consolidated in the
Liquidating Estate and the Liquidating Agent, Mark Healey, was
appointed to oversee liquidation over those assets.



INTELLIPHARMACEUTICS INT'L: Board Member Kenneth Keirstead Dies
---------------------------------------------------------------
Kenneth Keirstead, a member of Intellipharmaceutics International
Inc.'s Board of Directors, has passed away.

"We are all deeply saddened by Ken's passing," said Isa Odidi, CEO
of Intellipharmaceuitcs.  "Ken was a steadfast and highly valued
member of our board who was known for his insights as both an
entrepreneur and a scientist.  Most of all, Ken was a dear member
of the Intellipharmaceutics family and will be missed by all."

Kenneth served as a member of Intellipharmaceutic's Board of
Director since 2006, contributing his wide breadth of experience in
healthcare development, pharmaceuticals, drug development and
corporate governance to the growth of the company.

Intellipharmaceutics offers its deepest condolences to the family,
friends, and colleagues of Kenneth.

                     About Intellipharmaceutics

Intellipharmaceutics International Inc. is a pharmaceutical company
specializing in the research, development and manufacture of novel
and generic controlled-release and targeted-release oral solid
dosage drugs.  The Company's patented Hypermatrix technology is a
multidimensional controlled-release drug delivery platform that can
be applied to a wide range of existing and new pharmaceuticals.
Intellipharmaceutics has developed several drug delivery systems
based on this technology platform, with a pipeline of products
(some of which have received FDA approval) in various stages of
development.  The Company has ANDA and NDA 505(b)(2) drug product
candidates in its development pipeline.  These include the
Company's abuse-deterrent oxycodone hydrochloride extended release
formulation ("Oxycodone ER") based on its proprietary nPODDDS novel
Point Of Divergence Drug Delivery System (for which an NDA has been
filed with the FDA), and Regabatin XR (pregabalin extended-release
capsules).

Intellipharmaceutics reported a net loss and comprehensive loss of
$3.39 million for the year ended Nov. 30, 2020, compared to a net
loss and comprehensive loss of $8.08 million for the year ended
November 30, 2019.  As of Aug. 31, 2021, the Company had $3.46
million in total assets, $9.62 million in total liabilities, and a
shareholders' deficiency of $6.17 million.

Toronto, Canada-based MNP LLP, the Company's auditor since 2016,
issued a "going concern" qualification in its report dated Feb. 28,
2021, citing that the Company has suffered recurring losses from
operations and has a net capital deficiency that raise substantial
doubt about its ability to continue as a going concern.


JOHNSON & JOHNSON: Legal Shield Dispute for Bankruptcy Court
------------------------------------------------------------
Maria Chutchian of Reuters reports that a New Jersey federal judge
on Tuesday said a dispute over Johnson & Johnson's legal
protections against talc-related litigation must be decided by a
bankruptcy judge.

Chief U.S. District Judge Freda Wolfson, who oversees a large chunk
of the talc-related litigation against J&J, denied a request from
people who have sued J&J alleging that its talc products cause
cancer to decide whether the pharmaceutical giant is entitled to
protection against such lawsuits while its subsidiary, LTL
Management LLC, goes through bankruptcy.

J&J, which maintains that its talc products are safe, shifted its
talc liabilities to LTL and then placed the subsidiary into
bankruptcy in October. It plans to use the LTL bankruptcy to
negotiate a potential deal to resolve about 38,000 talc-related
claims.

U.S. Bankruptcy Judge Michael Kaplan, who oversees the LTL
bankruptcy issued a temporary order shielding J&J from litigation,
which expires on Jan. 28, 2022.

Chapter 11 debtors automatically receive protection against
litigation. However, because J&J itself is not in bankruptcy, it
needs permission from a judge if it wants to pause the talc
lawsuits so it can focus on the negotiations through its
subsidiary's bankruptcy. Typically, the bankruptcy judge would make
that call.

A committee that represents individuals who say J&J’s talc
products cause ovarian cancer and mesothelioma asked that Wolfson
decide whether J&J is entitled to longer-term protection. The
committee argued in court papers that since she oversees the
multidistrict litigation where many of the talc cases are
consolidated, she would be better suited to say whether J&J should
be allowed to put all of those lawsuits on hold in light of her
familiarity with the talc claims.

J&J disagreed, saying that the underlying tort claims are not
relevant to whether the litigation should be paused during the
bankruptcy.

Wolfson did not say why she declined to decide the matter, but said
she would issue a decision with her reasons in the next 20 days.

Kaplan will hear arguments on the matter on Jan. 21, 2022.

The case is In re LTL Management LLC, U.S. Bankruptcy Court,
District of New Jersey, No. 21-30589.

For LTL Management: Gregory Gordon, Dan Prieto, Amanda Rush and
Brad Erens of Jones Day

For the committee: David Molton of Brown Rudnick; Melanie
Cyganowski of Otterbourg; Daniel Stolz of Genova Burns; Brian
Glasser of Bailey Glasser; Lenard Parkins of Parkins Lee & Rubio;
and Jonathan Massey of Massey & Gail

                     About Johnson & Johnson

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

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

The corporation had worldwide sales of $82.6 billion in 2020.

                        About LTL Management

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

LTL Management filed a petition for Chapter 11 protection (Bankr.
W.D.N.C. Case No. 21-30589) on Oct. 14, 2021. The case was
transferred to New Jersey (Bankr. D.N.J. Case No. 21-30589) on Nov.
16, 2021. The Hon. Michael B. Kaplan is the case judge. At the time
of the filing, the Debtor was estimated to have $1 billion to $10
billion in both assets and liabilities.

The Debtor tapped Jones Day, Rayburn Cooper & Durham, P.A. and
Wollmuth Maher & Deutsch, LLP as bankruptcy counsel; King &
Spalding, LLP and Shook, Hardy & Bacon LLP as special counsel;
McCarter & English, LLP as litigation consultant; Bates White, LLC
as financial consultant; and AlixPartners, LLP, as restructuring
advisor.  Epiq Corporate Restructuring, LLC, is the claims agent.

U.S. Bankruptcy Administrator Shelley Abel formed an official
committee of talc claimants in the Debtor's Chapter 11 case.  The
committee tapped Bailey & Glasser, LLP, Otterbourg, P.C. and Brown
Rudnick, LLP as bankruptcy counsel; and Massey & Gail, LLP and
Parkins Lee & Rubio, LLP as special counsel.  Houlihan Lokey
Capital, Inc. serves as the committee's investment banker.


JW ALUMINUM: S&P Upgrades ICR to 'B-', Outlook Stable
-----------------------------------------------------
S&P Global Ratings raised its issuer credit rating on U.S.-based
manufacturer JW Aluminum Continuous Cast Co. (JWA) to 'B-' from
'CCC+' and raised its issue-level rating on the company's senior
secured notes to 'B-' from 'CCC+'. S&P's recovery rating on the
notes remains '3' indicating its expectation for meaningful
(50%-70%; rounded estimate: 55%) recovery.

The stable outlook reflects S&P's expectation that JWA should
maintain leverage of 5x-6x over the next 12 months as production
recovers to nameplate capacity following completion of repairs.

JWA is on track for recovery in production and earnings in 2022,
following disruptions to the company's largest production site over
the last 24 months. Additionally, underlying demand in the building
and construction, transportation, HVAC, and packaging sectors
remains robust. JWA's order book for 2022 production is fully sold
out following an earlier contract season as customers were keen to
secure supply. Earnings and profitability should normalize this
year as the newly modernized Mt. Holly site returns to normal
run-rate operations. Further supporting a return to profitability
is the company's completion of fulfillment of lower-priced 2020
orders that were delayed due to the fires at its Mt. Holly
facility, and the financial impact of the closures of its St. Louis
and Williamsport sites is largely behind it. S&P said, "However,
while earnings should stabilize this year, we anticipate weaker
cash flow generation over the coming quarters when we consider
given unpredictable short-term swings in working capital needs
based on metals prices and the ramp up of production. As such we
expect JWA to generate about $60 million to $70 million of EBITDA
in 2021 and 2022. However, our 2021 forecast includes about $33
million of insurance proceeds received during the year related to
lost earnings from the fires in 2020. We expect leverage to return
to 5x-6x in 2022 and 2023."

S&P said, "We expect JWA should have adequate headroom under its
financial covenants in 2022 and 2023 if it achieves a steady ramp
up of production following the completion of repairs at Mt. Holly
in late 2021. The disruption from the three fires is largely behind
the company after the completion of the repairs to the bag houses.
However, we could see earnings and thus covenant pressure again
should the company experience further operational and production
issues as its ramps up. Following several amendments to the
company's credit agreement during 2021, the company is in
compliance with its minimum fixed charge coverage ratio covenant.
This metric was 1.4x as of September 2021 and we expect it to
further improve above 2x over the next 12 to 24 months." JWA
secured amendments and a covenant holidays for the majority of 2021
as it experienced weak earnings and cash flow.

High concentration of JWA's asset base and end market exposure
remains a key risk. The disruptions at Mt. Holly from the three
fires, further exacerbated by the pandemic in the first half of
2020, highlights the concentration risk in JW's asset base. Mt
Holly accounts for about 80% of total production and EBITDA (based
on our forecast for 2022). Similarly, S&P views high concentration
in JW's end markets (construction and HVAC industries account for
about 65% of volume), which limits the company's earning potential
if a slowdown in construction occurs. Additionally, JW Aluminum is
a small player in the 12 billion pound North American flat-rolled
aluminum products industry with an estimated market share of less
than 5%. Its market position, as well as the commoditized nature of
its products generally limit its pricing power.

The stable outlook reflects S&P's expectation that JWA should
maintain leverage of 5x-6x over the next 12 months as production
recovers to nameplate capacity following completion of repairs.

S&P could lower its ratings on JWA if the company faces further
operational disruptions during the ramp up of Mt. Holly, thus
delaying the company's recovery resulting in:

-- Debt to EBITDA sustained above 8x resulting in our view that
the capital structure is unstainable as the 2026 note maturity
approaches.

-- Profitability does not improve to expected 8%-10% EBITDA
margins, indicating a potentially less price competitive footprint
than peers and declines in market share.

-- Further capex spending on phase 2 of the Mt. Holly Project
during a period of weaker earnings.

S&P could raise its ratings on JW if the company sustained leverage
well below 5x. This could result from:

-- Successful ramp up of nameplate capacity resulting in
meaningful and sustained EBITDA growth before undertaking
additional capital expenditures for phase two of its growth
strategy.

-- Sustained improvement in cash flow generation following the
closure of the less profitable St. Louis and Williamsport sites and
the ongoing ramp up of the newly modernized Mt. Holly assets.



KETTNER INVESTMENTS: Further Fine-Tunes Plan Documents
------------------------------------------------------
Kettner Investments, LLC, submitted a First Amended Combined
Disclosure Statement and Chapter 11 Plan of Reorganization dated
Jan. 6, 2022.

In connection with the Debtor's efforts to implement a financial
restructuring and bring order to the chaos that followed the
untimely death of its former majority owner, on September 16, 2020,
it commenced this Chapter 11 Case. As set forth in the Combined
Disclosure Statement and Plan, the proposed restructuring
contemplates a comprehensive in-court restructuring of Claims
against and Interests in the Debtor that will preserve the value of
the Debtor's business, maximize recoveries available to all
constituents, and provide for an equitable distribution to the
Debtor's stakeholders.

Under the Combined Disclosure Statement and Plan: (i) the MJNA
Unsecured Note Claims shall be Reinstated; (ii) the Debtor's
General Unsecured Creditors will be paid in full in Cash (or
entitled to such other treatment to which the Reorganized Debtor
and the Holder of a General Unsecured Claim might agree); (iii) the
existing Equity Interests in the Debtor shall be reinstated in full
in the Reorganized Debtor; and (iv) all of the Assets of the
Debtor—including all Causes of Action—shall be revested in the
Reorganized Debtor free and clear of all Liens, Claims and
interests.

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

     * Class 3 consists of the Unsecured Note Claims. Upon the
Effective Date, the Unsecured Note Claims shall be Reinstated in
accordance with the provisions of Section 1124(2) of the Bankruptcy
Code.

     * Class 4 consists of all General Unsecured Claims. On or
about the Effective Date, each holder of an Allowed General
Unsecured Claim shall receive, on account of and in full and
complete settlement, release and discharge of, and in exchange for
its Allowed General Unsecured Claim, either (i) payment of its
Claim in full in Cash, or (ii) such other treatment to the holder
of an Allowed General Unsecured Claim as to which the Reorganized
Debtor and the holder of such Allowed Other Priority Claim shall
have agreed upon in writing.

     * Class 5 consists of the Equity Interests in the Debtor. On
the Effective Date, the existing Equity Interests of the Debtor
shall be Reinstated in the Reorganized Debtor.

Allowed Claims shall be paid by the Reorganized Debtor, subject to
the limitations and qualifications. For the avoidance of doubt, any
funds remaining in the Administrative and Priority Reserve after
payment in full of such claims shall be available to satisfy any
Allowed Claims under this Combined Disclosure Statement and Plan.

On January 5, 2022,the Bankruptcy Court entered an Order
conditionally approving the Combined Disclosure Statement for
solicitation purposes only and finding that the Debtor was not
required to solicit votes on the Combined Disclosure Statement and
Plan.

The Confirmation Hearing has been scheduled for February 15, 2022
at 12:00 p.m. before the Honorable Judge Karen B. Owens at the
Bankruptcy Court, 824 North Market Street, 6th Floor, Courtroom 3,
Wilmington, Delaware 19801 to consider (i) final approval of the
Combined Disclosure Statement and Plan as providing adequate
information as required by section 1125 of the Bankruptcy Code and
(ii) confirmation of the Plan.

Any objection to final approval of the Combined Disclosure
Statement and Plan or confirmation of the Combined Disclosure
Statement and Plan must be filed by no later than February 4, 2022
at 4:00 p.m.

A full-text copy of the First Amended Combined Disclosure Statement
and Plan dated Jan. 6, 2022, is available at https://bit.ly/33j8j4z
from PacerMonitor.com at no charge.

Counsel to the Debtor:

     Neil B. Glassman
     Evan T. Miller
     Daniel N. Brogan
     BAYARD, P.A.
     600 N. King Street, Suite 400
     Wilmington, DE 19801
     Telephone: (302) 655-5000
     Facsimile: (302) 658-6395
     E-mail: nglassman@bayardlaw.com
             emiller@bayardlaw.com
             dbrogan@bayardlaw.com

                     About Kettner Investments

Kettner Investments LLC is a marijuana investment firm based in
Delaware.

Kettner Investments sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 20-12366) on Sept. 16,
2020.  At the time of the filing, the Debtor disclosed assets of
between $10 million and $50 million and liabilities of the same
range.

Judge Karen B. Owens oversees the case.  

Bayard, P.A., serves as the Debtor's legal counsel.  Procopio Cory
Hargreaves & Savitch LLP, is special counsel.


LATAM AIRLINES: Local Creditors Cry Foul Over 80% Losses
--------------------------------------------------------
Eduardo Thomson of Bloomberg News reports that local creditors of
Latam Airlines Group SA are up in arms over a bankruptcy plan that
would leave them with next to nothing even as holders of overseas
bonds get almost all their money back.

BancoEstado SA, a Santiago-based bank acting on behalf of local
noteholders, has asked Latin America's largest airline to improve
its terms.  The investors are threatening to sue if their demands
aren't meant, and contend that as a Chilean company, Latam should
have filed for protection in local courts -- instead of New York --
that would have treated domestic creditors better.

Banco del Estado de Chile, in its capacity as indenture trustee
under the Chilean Local Bonds issued by LATAM Airlines Group S.A.
in the aggregate amount of $490.5 million (the "Chilean Bonds"),
filed an objection to (a) the Debtors' Motion for Entry of an Order
Approving Settlement Stipulation By and Among the Debtors and
Sajama Investments, LLC and (b) the Debtors' Motion for Entry of an
Order (I) Authorizing the Debtors to Implement Certain
Transactions, Including Entry Into Long Term Restructuring
Agreements with the Centaurus/Triton Lessors, the SBI Lessors, and
Pilar II Leasing Limited and (II) Approving the Related Settlement
Agreement with Certain Claimants.

Several portions of the objections were redacted from publicly
available filings.

"The proposed settlements embodied in the Motions are unreasonably
expensive compromises for the Debtors' estates and their creditors.
This, in and of itself, requires denial of the Motions.  In
addition, the facts and circumstances of the Motions, including the
facts adduced during discovery, serve to further expose the
deficiencies in the proposed settlements and explain why the
Debtors proceeded with these settlements notwithstanding such
deficiencies.  The mere fact that the Debtors may believe the
proposed settlements are "worth it" from their perspective, and
with their own interests in mind, is not what Rule 9019 requires.
A chapter 11 debtor may not put its needs, desires, and interests
ahead of its creditors, whose interests are "paramount."  In re
Foster Mortg. Corp., 68 F.3d at 917 (internal citations omitted).
Accordingly, and for the reasons set forth above, the Motions
should be denied," BancoEstado SA said in court filings.

                  About LATAM Airlines Group

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

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

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

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

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

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

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

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

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


LIVEONE INC: CEO Forgoes Monthly Cash Salary for Six Months
-----------------------------------------------------------
Effective as of Jan. 1, 2022, LiveOne, Inc.'s chief executive
officer and chairman, Robert S. Ellin, desiring to continue to
demonstrate confidence in the company and to assist the company's
objective to achieve annual cost and expense reductions, agreed to
forego his monthly cash base salary through at least June 30, 2022
in exchange for shares of the company's common stock that are
anticipated to vest in full in calendar year 2023, and will vest,
be calculated and issued subject to the company's board of
directors' approval.

The shares will be issued pursuant to an exemption from
registration under Section 4(a)(2) of the Securities Act of 1933,
as amended, or Rule 506 of Regulation D promulgated thereunder.

                           About LiveOne

Headquartered in Los Angeles, California, LiveOne, Inc. (NASDAQ:
LVO) (formerly known as LiveXLive Media, Inc.) is a global
talent-first, interactive music, sports, and entertainment
subscription platform delivering premium content and livestreams
from the world's top artists. LiveOne's other major wholly-owned
subsidiaries are LiveXLive, PPVOne, Slacker Radio, React Presents,
Gramophone Media, Custom Personalization Solutions, and
PodcastOne.

LiveXLive Media reported a net loss of $41.82 million for the year
ended March 31, 2021, compared to a net loss of $38.93 million for
the year ended March 31, 2020.  As of Sept. 30, 2021, the Company
had $89.58 million in total assets, $86.96 million in total
liabilities, and $2.62 million in total stockholders' equity.

Los Angeles, California-based BDO USA, LLP, the Company's auditor
since 2018, issued a "going concern" qualification in its report
dated July 14, 2021, citing that the Company has suffered recurring
losses from operations, negative cash flows from operating
activities and has a net capital deficiency that raise substantial
doubt about its ability to continue as a going concern.


LOADCRAFT INDUSTRIES: Taps Waller Lansden as Bankruptcy Counsel
---------------------------------------------------------------
Loadcraft Industries, Ltd. seeks approval from the U.S. Bankruptcy
Court for the Western District of Texas to employ Waller Lansden
Dortch & Davis, LLP to serve as legal counsel in its Chapter 11
case.

The firm's services include:

   a. advising the Debtor of its rights, powers, and duties under
Chapter 11 of the Bankruptcy Code;

   b. preparing bankruptcy schedules and legal documents, and
reviewing all financial reports to be filed in the Debtor's case;

   c. advising the Debtor concerning, and prepare responses to,
legal papers that may be filed in its case;

   d. advising the Debtor with respect to, and assisting in the
negotiation and documentation of, financing agreements and related
transactions;

   e. reviewing the nature and validity of any liens asserted
against the Debtor's property and advising the Debtor concerning
the enforceability of such liens;

   f. advising the Debtor regarding its ability to initiate actions
to collect and recover property;

   g. counseling the Debtor in connection with the formulation,
negotiation, and promulgation of a plan of reorganization and
related documents;

   h. assisting the Debtor in connection with any potential
property dispositions;

   i. advising the Debtor concerning executory contract and
unexpired lease assumption, assignment and rejection as well as
lease restructuring and recharacterization;

   j. assisting the Debtor in reviewing, estimating and resolving
claims by and asserted against the Debtor's estate;

   k. commencing and conducting litigation to assert rights held by
the Debtor, protect assets of its estate, or otherwise further the
goal of completing its successful reorganization;

   l. providing corporate, litigation, and other general
non-bankruptcy services to the extent requested by the Debtor and
agreed to by Waller; and

   m. performing all other necessary legal services.

The hourly rates charged by the firm's attorneys and
paraprofessionals are as follows:

     Attorneys                  $275 to $855 per hour
     Paraprofessionals          $185 to $305 per hour

The firm will be paid a retainer in the amount of $75,000 and
reimbursed for out-of-pocket expenses incurred.

Eric Taube, Esq., a partner at Waller, 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:

     Eric Taube, Esq.
     Mark Taylor, Esq.
     William R. Nix, III , Esq.
     Waller Lansden Dortch & Davis, LLP
     100 Congress Avenue, Suite 1800
     Austin, TX 78701
     Tel: (512) 685-6400
     Fax: (512) 685-6417
     Email: Eric.Taube@wallerlaw.com
            Mark.Taylor@wallerlaw.com
            Trip.Nix@wallerlaw.com

                    About Loadcraft Industries

Loadcraft Industries is a company in Brady, Texas, that specializes
in the manufacturing of mobile drilling rig and custom oilfield
equipment.

Loadcraft Industries sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Texas Case No. 21-11018) on Dec. 30,
2021, listing as much as $10 million in assets and liabilities.
Judge Tony M. Davis oversees the case.

Waller Lansden Dortch & Davis, LLP is the Debtor's legal counsel.


LOGISTICS GIVING: Case Summary & 16 Unsecured Creditors
-------------------------------------------------------
Debtor: Logistics Giving Resources, LLC
        733 North King Street, #112
        Layton, UT 84041

Business Description: Logistics Giving is an employment agency in
                      Layton, Utah.

Chapter 11 Petition Date: January 14, 2022

Court: United States Bankruptcy Court
       District of Utah

Case No.: 22-20143

Judge: Hon. William T. Thurman

Debtor's Counsel: Matthew M. Boley, Esq.
                  COHNE KINGHORN, P.C.
                  111 E. Broadway, 11th Floor
                  Salt Lake City, UT 84111
                  Tel: 801-363-4300
                  Email: mboley@ck.law

Total Assets as of Dec. 31, 2021: $6,450,752

Total Liabilities as of Dec. 31, 2021: $1,156,332

The petition was signed by Troy Vaughn Hyde, member.

A copy of the Debtor's list of 16 unsecured creditors is available
for free at PacerMonitor.com at:

https://www.pacermonitor.com/view/ZAZQUJI/Logistics_Giving_Resources_LLC__utbke-22-20143__0002.0.pdf?mcid=tGE4TAMA


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

https://www.pacermonitor.com/view/ZG6ONDI/Logistics_Giving_Resources_LLC__utbke-22-20143__0001.0.pdf?mcid=tGE4TAMA


MALLINCKRODT PLC: Further Fine-Tunes Plan Documents
---------------------------------------------------
Mallinckrodt Plc, et al., submitted a Fourth Amended Joint Plan of
Reorganization dated Jan. 6, 2022.

The Plan constitutes a separate chapter 11 Plan of reorganization
for each Debtor.

"Opioid Insurance Policies" means (i) with regard to Insurance
Contracts issued to any Debtors, (a) all Insurance Contracts that
provide general liability, life sciences, or product liability
coverages other than those specifically or categorically listed in
the Schedule of Excluded Insurance Policies included in the Plan
Supplement, and (b) all Insurance Contracts that may provide or may
have provided the Debtors with respect to any Opioid Claim, other
than those specifically or categorically listed in the Schedule of
Excluded Insurance Policies included in the Plan Supplement
(collectively, the "Post-Spin Opioid Insurance Policies"); (ii) all
Insurance Contracts issued to Covidien Limited (f/k/a Covidien plc)
or its affiliates, subsidiaries, or parents prior to the 2013
spin-off of Mallinckrodt plc from Covidien (the "Spin-Off") under
which, as of the Effective Date, the Debtors have or hold rights to
coverage with respect to any Opioid Claim (the "Covidien Insurance
Policies"); and (iii) all Insurance Contracts issued to the
predecessors of Covidien Limited (f/k/a Covidien plc) and their
affiliates, subsidiaries, or parents prior to the Spin-Off under
which, as of the Effective Date, the Debtors have or hold rights to
coverage with respect to any Opioid Claim (the "Pre-Covidien
Insurance Policies").

Rights as used in this definition means any and all rights, titles,
privileges, interests, claims, demands, or entitlements of the
Debtors to any proceeds, payments, benefits, Causes of Action,
choses in action, defense or indemnity, and includes all rights,
regardless of whether such rights existed in the past, now exist,
or hereafter arise, and regardless of whether such rights are or
were accrued or unaccrued, liquidated or unliquidated, matured or
unmatured, disputed or undisputed, fixed or contingent.

Notwithstanding anything in this definition or otherwise in the
Plan to the contrary, (x) Opioid Insurance Policies include the
Insurance Contracts set forth on the Schedule of Opioid Insurance
Policies included in the Plan Supplement, which schedule is not,
and is not intended to be, exhaustive provided however, that any
such Insurance Contracts that are Covidien Insurance Policies or
Pre-Covidien Insurance Policies are Opioid Insurance Policies only
if and to the extent provided in clauses (ii) and (iii),
respectively, of the first sentence of this definition); and (y)
nothing in this definition or any other provision of the Plan shall
modify or override the paragraph of the Confirmation Order
pertaining to the resolution of the Limited Objection to the Plan
filed by Covidien, which paragraph shall control with respect to
all matters addressed in such paragraph in the event of any
inconsistency.

For the avoidance of doubt, nothing in this definition or any other
provision of the Plan shall grant the Opioid MDT II any rights
under any Insurance Contracts that are not Opioid Insurance
Policies, nor shall this definition or any other provision of the
Plan grant the Opioid MDT II any rights under the Covidien
Insurance Policies and Pre-Covidien Insurance Policies beyond those
that the Debtors may have or hold on the Effective Date.

The Fourth Amended Plan does not alter the proposed treatment for
unsecured creditors in Class 6:

   * Class 6(a) consists of Acthar Claims. Each Holder of an
Allowed Acthar Claim shall receive its Pro Rata Share of the Acthar
Claims Recovery. Class 6(a) is impaired.

   * Class 6(b) consists of Generics Price Fixing Claims. Each
Holder of an Allowed Generics Price Fixing Claim shall receive its
Pro Rata Share of the Generics Price Fixing Claims Recovery. Class
6(b) is impaired.

   * Class 6(c) consists of Asbestos Claims. Each Holder of an
Allowed Asbestos Claim shall receive its Pro Rata Share of the
Asbestos Claims Recovery. Class 6(c) is impaired.

   * Class 6(d) consists of Legacy Unsecured Notes Claims. Each
Holder of an Allowed Legacy Unsecured Notes Claim shall receive its
Pro Rata Share of the Legacy Unsecured Notes Recovery. Class 6(d)
is impaired.

   * Class 6(e) consists of Environmental Claims. Each Holder of an
Allowed Environmental Claim shall receive its Pro Rata Share of the
Environmental Claims / Other General Unsecured Claims Recovery.
Class 6(e) is impaired.

   * Class 6(f) consists of Other General Unsecured Claims. Each
Holder of an Allowed Other General Unsecured Claim shall receive
its Pro Rata Share of the Environmental Claims / Other General
Unsecured Claims Recovery. Class 6(f) is impaired.

   * Class 6(g) consists of 4.75% Unsecured Notes Claims. Each
Holder of an Allowed 4.75% Unsecured Notes Claim shall receive its
Pro Rata Share of the 4.75% Unsecured Notes Recovery. Class 6(g) is
impaired.

The Debtors shall fund Cash distributions under the Plan with Cash
on hand, including Cash from operations, and the proceeds of the
New Term Loan Facility. Cash payments to be made pursuant to the
Plan will be made by the Reorganized Debtors.

Counsel to the Debtors:

     Mark D. Collins
     Michael J. Merchant
     Amanda R. Steele
     Brendan J. Schlauch
     RICHARDS, LAYTON & FINGER, P.A.
     One Rodney Square
     920 N. King Street
     Wilmington, DE 19801
     Telephone: (302) 651-7700
     Facsimile: (302) 651-7701
     E-mail: collins@rlf.com
             merchant@rlf.com
             steele@rlf.com
             schlauch@rlf.com

            - and -

     George A. Davis
     George Klidonas
     Andrew Sorkin
     Anupama Yerramalli
     LATHAM & WATKINS LLP
     1271 Avenue of the Americas
     New York, New York 10020
     Telephone: (212) 906-1200
     Facsimile: (212) 751-4864
     Email: george.davis@lw.com
            george.klidonas@lw.com
            andrew.sorkin@lw.com
            anu.yerramalli@lw.com

            - and -

     Jeffrey E. Bjork
     LATHAM & WATKINS LLP
     355 South Grand Avenue, Suite 100
     Los Angeles, California 90071
     Telephone: (213) 485-1234
     Facsimile: (213) 891-8763
     Email: jeff.bjork@lw.com

            - and -

     Jason B. Gott
     LATHAM & WATKINS LLP
     330 North Wabash Avenue, Suite 2800
     Chicago, Illinois 60611
     Telephone: (312) 876-7700
     Facsimile: (312) 993-9767
     Email: jason.gott@lw.com

                   About Mallinckrodt PLC

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

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

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

Judge John T. Dorsey oversees the cases.

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

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

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

A confirmation trial for the Debtors' First Amended Joint Plan of
Reorganization was set to begin Nov. 1, 2021.  The Confirmation
Hearing is slated to have two phases.  Phase 1 commenced the week
of Nov. 1.  Phase 2 will begin on or around the week of Nov. 15,
when the Acthar Administrative Claims Hearing proceedings conclude.


MARY BRICKELL: Court Confirms Plan With Mortgage Settlement
-----------------------------------------------------------
Vince Sullivan of Law360 reports that the owner of a downtown Miami
hotel, Mary Brickell Village Hotel LLC, received court approval
Wednesday in Florida for its Chapter 11 plan that resolves the
ongoing dispute with its mortgage lender that led to its bankruptcy
filing last 2021.

In an order issued by U. S. Bankruptcy Judge Robert A. Mark of the
Southern District of Florida, the court said the plan of Mary
Brickell Village Hotel LLC -- which leaves all creditors unimpaired
-- complies with the relevant sections of the bankruptcy code and
could be confirmed. The plan includes a settlement with its
mortgage lender DF VII REIT Holdings LLC.

                 About Mary Brickell Village Hotel

Mary Brickell Village Hotel, LLC operates the Aloft Miami Brickell
Hotel, a 14-storey hotel that consists of 160  rooms, a fitness
center, a large pool deck, and a 900-square-foot terrace for
events.

Mary Brickell Village Hotel filed a petition for Chapter 11
protection (Bankr. S.D. Fla. Case No. 21-17103) on July 21, 2021,
listing as much as $50 million in both assets and liabilities.  

Judge Robert A. Mark oversees the case.  

Joseph A. Pack, Esq., at Pack Law, P.A., is the Debtor's legal
counsel.


MIAMI COMMUNITY CHARTER: Moody's Rates 2020/2022 Bonds 'Ba2'
------------------------------------------------------------
Moody's Investors Service has assigned a Ba2 rating to the
Miami-Dade County Industrial Development Authority's Educational
Facilities Revenue Bonds (Miami Community Charter Schools, Inc.
Project), Series 2020A ($6.9 million), Taxable Series 2020B
($285,000), Series 2022A ($11.3 million) and Taxable Series 2022B
($175,000). Moody's has also assigned a stable outlook.

RATINGS RATIONALE

The Ba2 rating assignment reflects Miami Community Charter School's
(MCCS) operations within a challenging service area that includes
strong competition from a large number of traditional public and
charter school options. Within this environment, MCCS serves a
highly transient population with that is exposed to a variety of
socio-economic factors that make consistently maintaining high
academic output particularly challenging. While academic
performance had recently improved from very low levels, it is
showing some indications of weakening as a result of learning loss
driven by the pandemic. Academic weakness in prior years led the
charter's sponsor to place the elementary school on a one-year
review before granting a five-year charter renewal. Overall, MCCS
has a well-established history of multiple charter renewals and
adequate prospects for additional renewal. Governance is considered
a key credit driver in this rating. MCCS has also demonstrated an
ability to manage competition as indicated by stable enrollment
growth and sizeable waiting lists. The financial performance of
MCCS shows satisfactory cash and stable operations. Leverage will
increase significantly with the issuance of the 2022 bonds. The
rating also considers MCCS's legal covenants, which include a
somewhat weaker than typical debt service coverage covenant.

RATING OUTLOOK

The stable outlook reflects Moody's expectation that MCCS will
continue to produce consistent enrollment and effectively manage
the charter renewal process. The outlook also anticipates that cash
and coverage will remain in line with the rating and that the
construction of the new school facilities will be completed on time
and foster some additional enrollment growth.

FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATINGS

- Sustained operating surpluses that result in material
   improvement to liquidity and coverage

- Steady and material enrollment growth

- Consistent improvement to academic outcomes and stronger
   competitive profile

FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATINGS

- Operating deficits that drive declines to debt service coverage

   and liquidity

- Deterioration of academic performance resulting in pressure on
   charter renewal

- Enrollment declines

LEGAL SECURITY

The bonds are issued by the Miami-Dade County Industrial
Development Authority (IDA) but are not a debt, liability or
general obligation of the IDA.

The bonds are payable and secured by the Trust Estate, which
consists of the consolidated gross revenues and amounts derived
from recourse to the mortgage.

USE OF PROCEEDS

The 2020 bonds were issued to refund the 2010 issuance, which was
originally issued to fund the acquisition and construction of the
middle and high school. Proceeds of the 2022 bonds will be used to
finance the construction of new middle and high school facilities
and repurpose the existing middle and high school facilities for
use as the elementary school.

PROFILE

The Miami Community Charter Schools, Inc. operates an elementary,
middle, and high school, which opened in 2004, 2007, and 2009
respectively. The schools are operated pursuant to three separate
charters granted by the Miami-Dade County Public Schools. As
sponsor of the charters, Miami-Dade County Public Schools have the
authority to terminate or renew the charter based on MCCS's
performance relative to various conditions.

The schools are located in Florida City, Florida about an hour
south of the City of Miami and contiguous with Homestead, Florida.
Florida City also borders Everglades National Park.


MIDWEST MEDICAL: Case Summary & Five Unsecured Creditors
--------------------------------------------------------
Debtor: Midwest Medical Associates, Inc.
          f/d/ba Midwest Medical Enterprises
        2295 Parklake Drive
        Suite 100
        Atlanta, GA 30345

Business Description: Midwest Medical is a DME provider located in
                      Atlanta specializing in Deep vein thrombosis
                      (DVT) prevention products and cold
                      compression therapy for ambulatory surgery
                      centers.

Chapter 11 Petition Date: January 14, 2022

Court: United States Bankruptcy Court
       Northern District of Georgia

Case No.: 22-50372

Debtor's Counsel: Jimmy L. Paul, Esq.
                  Drew V. Greene, Esq.
                  CHAMBERLAIN HRDLICKA WHITE WILLIAMS & AUGHTRY
                  191 Peachtree Stree, NE
                  46th Floor
                  Atlanta, GA 30303
                  Tel: (404) 659-1410
                  Email: jimmy.paul@chamberlainlaw.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Richard L. Parker, Sr., president.

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

https://www.pacermonitor.com/view/EJOUKFQ/Midwest_Medical_Associates_Inc__ganbke-22-50372__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's Five Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Brightree LLC                      Billing               $5,000
125 Technology Parkway               Management
Norcross, GA 30092                    Contract

2. JBA Portfolio, LLC                 Disputed            $449,500
720 N. Post Oak Road                Lease Claim
Suite 500
Houston, TX 77024

3. McKesson Medical-                  Pending             $352,480
Surgical, Inc.                       Affiliate
9954 Mayland Drive                    Lawsuit
Suite 4000
Virginia, VA 23233

4. Medline Industries, Inc.          Affiliate            $171,650
801 Adlai Stevenson Drive             Lawsuit
Springfield, IL 62703

5. The van Halem Group             Professional            $10,000
101 Marietta Street NW               Services
Suite 2460
Atlanta, GA 30303


MILLENNIUM GRANITE: Taps Kiem Law as Bankruptcy Counsel
-------------------------------------------------------
Millennium Granite & Marble, LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of Florida to employ
Kiem Law, PLLC to serve as legal counsel in its Chapter 11 case.

The firm's services include:

   a. giving advice to the Debtor with respect to its powers and
duties and the continued management of its business operations;

   b. advising  the Debtor with respect to its responsibilities in
complying with the U.S. Trustee's Operating Guidelines and
Reporting Requirements and with the rules of the court;

   c. preparing legal documents;

   d. protecting  the interest of the Debtor in all matters pending
before the court; and

   e. representing  the Debtor in negotiation with its creditors in
the preparation of a Chapter 11 plan.

The hourly rates charged by the firm for its services range from
$100 to $250.

The firm received a retainer of $6,738 from John Hanley, the
Debtor's manager.

Tarek Kiem, Esq., a partner at Kiem Law, 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:

     Tarek Kiem, Esq.
     Kiem Law PLLC
     8461 Lake Worth Road, Suite 114
     Lake Worth, FL 33467
     Phone: +1 (561) 600-0406
     Email: tarek@kiemlaw.com

                 About Millennium Granite & Marble

Millennium Granite & Marble, LLC filed a Chapter 11 bankruptcy
petition (Bankr. S.D. Fla. Case No. 22-10033) on Jan. 3, 2022,
disclosing as much as $1 million in both assets and liabilities.
Judge Scott M. Grossman oversees the case.  The Debtor is
represented by Tarek Kiem, Esq., at Kiem Law, PLLC.


MOUNTAIN PROVINCE: Reports Q4, Full Year 2021 Production Results
----------------------------------------------------------------
Mountain Province Diamonds Inc. announced production, sales and
preliminary unaudited cost results for the fourth quarter and year
ended Dec. 31, 2021 from the Gahcho Kue Diamond Mine.  All figures
are expressed in Canadian dollars unless otherwise noted.

A selection of rough and polished diamonds recently recovered from
the Company's Gahcho Kue mine (CNW Group/Mountain Province Diamonds
Inc.)

Q4 and FY 2021 Summary

   * 1,511,253 carats recovered during Q4 at an average grade of
1.86 carats per tonne.  Full year 2021 production of 6.23 million
carats against guidance of 6.30 - 6.50 million carats

   * Preliminary unaudited mine level costs on a full year 2021
basis were $61 per carat against guidance of $58-$63 per carat and
$123 per tonne treated against guidance of $125-$135 per tonne
treated.

   * Ore mined on a full year 2021 basis was 3.6 million tonnes
against guidance of 3.3 - 3.5 million tonnes.  Ore processed on a
full year 2021 basis was 3.1 million tonnes against guidance of
3.15 – 3.3 million tonnes.

   * The additional ore tonnes mined were predominantly due to
modelled waste tonnes representing as ore tonnes, which is positive
for both 2021 and the life of the mine.

   * The mine continues to manage the COVID-19 impacts to
operations through a 100% vaccinated workforce and thorough testing
protocols.

Mark Wall, the Company's president and chief executive officer,
commented:

"2021 was an excellent year for the Gahcho Kue operations.
Managing through the COVID-19 pandemic to finish 1% below
production guidance is testament to the management of the
operations.  At the same time to finish with a preliminary cost per
tonne about 2% below the bottom end of the cost range is an
excellent result.  We end the year with production very close to
guidance, lower costs and increased revenue based on a rising
demand and strengthening diamond prices, which is a great platform
to commence 2022."

Q4 and FY 2021 Diamond Sales

As previously reported, Q4 2021 diamond sales totaled 808,739
carats sold at an average value of $105 per carat (US$83 per carat)
for total proceeds of $85.2 million (US$67.5 million) in comparison
to 957,120 carats sold at an average value of $84 per carat (US$65
per carat) for total proceeds of $80.2 million (US$61.7 million) in
Q4 2020.

During FY 2021, 3,158,418 carats were sold at an average value of
$94 per carat (US$75 per carat) for total proceeds of $298.4
million (US$236.9 million) in comparison to 3,329,289 carats sold
at an average value of $68 per carat (US$51 per carat) for total
proceeds of $227.0 million (US$171.3 million) in FY 2020.

Sentiment in the rough diamond market continues to be buoyant.
Strong diamond jewellery sales during the holidays and lower rough
diamond supply volumes from the major producers are expected to
maintain this positive momentum through to the Company's upcoming
January sale.

Medium to longer-term, the Company's outlook for rough diamonds
remains positive.  Retail diamond jewellery sales in the important
US market confirm a growing preference for smaller, lower priced
diamonds which align well with the diamond profile of the Gahcho
Kue Mine.  The closure of the Argyle diamond mine combined with
reduced global rough diamond production is expected to further
support prices as demand to replenish inventories of these diamond
categories continues.

Q4 and FY 2021 Production Highlights (All figures reported on a
100% basis unless otherwise stated)

   * 10,812,723 total tonnes mined during the quarter, a 10%
increase on comparable period (Q4 2020: 9,796,823).  35,447,014
total tonnes mined during FY 2021, a 1% decrease from comparable
period (FY 2020: 35,870,474).

   * 1,019,671 ore tonnes mined during the quarter, a 21% increase
on comparable period (Q4 2020: 840,261).  3,561,417 ore tonnes
mined during FY 2021, an 8% increase from comparable period (FY
2020: 3,286,843).

   * 813,308 ore tonnes treated during the quarter, a 10% increase
on comparable period (Q4 2020: 736,138).  3,082,572 ore tonnes
treated during FY 2021, a 5% decrease from comparable period (FY
2020: 3,245,941).

   * 1,511,253 carats recovered during the quarter at an average
grade of 1.86 carats per tonne, 1% lower than comparable quarter
(Q4 2020: 1,521,617 carats at 2.07).  6,229,042 carats recovered
during FY 2021 at an average grade of 2.02 carats per tonne, 4%
lower than comparable period (FY 2020: 6,518,261 carats at 2.01).

                      About Mountain Province

Mountain Province Diamonds Inc. is a 49% participant with De Beers
Canada in the Gahcho Kue diamond mine located in Canada's Northwest
Territories.  The Gahcho Kue Joint Venture property consists of
several kimberlites that are actively being mined, developed, and
explored for future development.  The Company also controls 106,202
hectares of highly prospective mineral claims and leases that
surround the Gahcho Kue Joint Venture property that include an
indicated mineral resource for the Kelvin kimberlite and inferred
mineral resources for the Faraday kimberlites.

Mountain Province reported a net loss of C$263.43 million for the
year ended Dec. 31, 2020, compared to a net loss of C$128.76
million for the year ended Dec. 31, 2019.  As of Dec. 31, 2020, the
Company had C$595.33 million in total assets, C$75.73 million in
current liabilities, C$374.71 million in secured notes payable,
C$750,000 in lease liabilities, C$70.44 million in decommissioning
and restoration liability, and C$73.70 million in total
shareholders' equity.

Toronto, Canada-based KPMG LLP, the Company's auditor since 1999,
issued a "going concern" qualification in its report dated
March 29, 2021, citing that the Company has suffered recurring
losses from operations that raises substantial doubt about its
ability to continue as a going concern.


NAVITAS MIDSTREAM: Fitch Hikes LongTerm IDR to 'B+', Outlook Pos.
-----------------------------------------------------------------
Fitch Ratings has upgraded Navitas Midstream Midland Basin, LLC's
Long-Term Issuer Default Rating (IDR) to 'B+' from 'B.'
Additionally, Fitch has upgraded Navitas' Super Senior Secured
Revolver rating to 'BB+'/'RR1' from 'BB'/'RR1' and the Senior
Secured Term Loan to 'BB+'/'RR1' from 'B+'/'RR3'. The Rating
Outlook is Positive.

The continued strong production growth among Navitas' largest
customers and a run-up in oil prices in mid-2021 were the primary
drivers of the better than expected volumes and margins and
resulted in significant deleveraging. The Positive Outlook reflects
low leverage coupled with EBITDA expected to surpass the $300
million 'BB' rating category threshold in 2022.

KEY RATING DRIVERS

EPD Acquisition: On Jan. 10, 2021 Enterprise Product Partners L.P.
(EPD; NR), one of the largest midstream operators in the U.S.,
announced that its affiliate, Enterprise Products Operating
(BBB+/Stable), entered into a definitive agreement to acquire
Navitas in a debt-free transaction for $3.25 billion in cash
consideration. The deal is expected to close by the end of the 1Q
2022, subject to customary regulatory approvals. At closing, all
outstanding debt at Navitas will be paid down. Fitch expects to
withdraw the ratings of Navitas following the closing of the
merger.

Growth Drives Deleveraging: Fitch believes the pace of the volume
growth and margin improvement are key factors to support
deleveraging. Navitas' leverage (total debt with equity
credit/operating EBITDA) will trend to around 3.0x in 2021 and is
projected to remain around 3.0x over the forecast period, below
3.7x leverage in 2020, and below the positive sensitivity threshold
driving the upgrade and the change in Outlook.

Fitch previously projected low to flat volume growth beyond 2020,
but Navitas' core customers continued with the strong production
growth in 2021. Based on preliminary 2021 information, Navitas
ended 2021 with gross margins and volumes higher than previous
expectations.

Fitch now believes volumes will be up in 2022 and rise further in
2023 due to the addition of another processing plant. Rig activity
on dedicated acreage supports volume growth in 2022, with 14 rigs
currently running on the acreage. Under the current Fitch
commodities price deck, Fitch also expects producer activities to
be constructive in 2022 and 2023. Three of the four counties where
Navitas operates, Midland, Martin and Howard, are the top producing
counties in Texas.

Improving Counterparty Credit Ratings: The credit quality of
Navitas' core counterparties under long-term acreage dedications
has improved over the past year following a decline caused by the
reduced demand due to the pandemic and low oil prices in 2020. The
producer-counterparties range in credit quality from high-yield
single 'B' to the 'BBB' category. Navitas' exposure is concentrated
at Endeavor Energy Resources (BBB-/Stable), which has been the
largest producer on the Navitas system for the past several years
and makes up around 30% of Navitas' volumes in 2021. Both Endeavor
and SM Energy (B/Stable), another large producer, were upgraded in
2021.

Limited Scale and Scope: Navitas' ratings recognize the limited
scale and scope of the Permian basin focused gathering and
processing company. Fitch views small scale, single-basin focused
midstream service providers with high geographic, customer and
business line concentration as consistent with the 'B' category. At
the same time, Navitas has experienced significant growth in the
past couple of years, with its EBITDA projected to more than double
in 2021 versus 2020 and surpassing the $300 million 'BB' rating
category threshold in 2022. The sustainability of EBITDA above $300
million would provide an impetus for an upgrade, which is supported
by the current and projected leverage levels.

Given the size and operations, Navitas could be exposed to
concentration risk and outsized event risk should there be another
downturn in commodity prices and production from the Permian region
or a significant operating or production event with one of its
major counterparties. An offsetting factor is the quality of its
asset base, which is located within the Midland region, which has
some of the lowest break-even production regions in the Permian
Basin and benefits from the above-average growth levels compared
with other basins.

Volumetric Exposure: Navitas' rating reflects its operational
exposure to volumetric risks associated with the production and
demand for natural gas and NGLs. The upgrade occurs as Navitas'
wellhead volumes averaged 743 MMcf/d or 21% higher for the first
nine months of 2021 versus the same time last year. This growth
comes despite industry headwinds with a sharp reduction in global
energy demand caused by the pandemic and lower oil prices causing
reduced producer drilling and spending in 2020 and the first half
of 2021. The region experienced strong growth in both 2020 and 2021
even before a significant improvement in oil and natural gas prices
in the second half of 2021.

Navitas' main contract type is a price floor-protected contract,
which provides downside protection and limits commodity exposure.

DERIVATION SUMMARY

Navitas' credit profile and ratings reflect its single territory,
declining leverage and slightly concentrated customer credit risk.
The company's natural gas gathering and processing operations are
focused on a single-basin, the Permian. Generally, Fitch views
single basin focused midstream service providers as being
consistent with 'B' category IDRs.

Navitas' operations are similar in size compared with peer BCP
Raptor (EagleClaw; B/Stable), in terms of gathered volumes and
processing capacity. Navitas and EagleClaw are single basin
gathering and processing service providers operating in the
Permian. Both Navitas and EagleClaw are private equity-owned
entities. While EagleClaw is exposed to commodity prices, and
similar to Navitas it lacks MVC contracts, Navitas has a mix of
fixed-fee and price floor contracts, setting a minimum price floor,
with favorably less commodity price exposure. Accordingly, Fitch
believes BCPRAP has more commodity price risk in "2022 and out."

Navitas' customer exposure includes Endeavor Energy Resources
(BBB-/Stable) and SM Energy (B/Stable) and larger producers like
Apache Corp. (BB+/Stable) and Ovintiv, Inc. (BB+/Positive),
reflecting similar risk, but slightly more concentrated customer
profile versus EagleClaw. The majority of EagleClaw's volumes is
expected to come from a more diverse group of producers including a
larger portfolio with some 'BB' or higher rated issuers. Fitch
expects Navitas' leverage to be around 3.0x at YE 2021, compared
with a current expectation for BCPRAP of approximately 6.3x in 2021
and declining to 4.6x by 2023.

Medallion Gathering and Processing, LLC (B+/Stable) is a crude
gathering and intrabasin transportation service provider in the
Midland Basin of the Permian. Compared to Navitas, Medallion is
slightly larger in size with greater acreage dedication. However,
Medallion's leverage metrics are higher than Navitas' with Fitch
projecting 2021-2022 leverage for Medallion around 5.3x.

KEY ASSUMPTIONS

-- A Fitch price deck of Henry Hub natural gas prices of $3.80
    per thousand cubic feet (mcf) in 2021, and $3.25/mcf in 2022,
    $2.75/mcf in 2023 and $2.50/mcf over the long-term; and West
    Texas Intermediate oil prices of $68 per barrel (bbl) in 2021,
    $67/bbl in 2022, $57/mcf in 2023 and $50/bbl in 2024 and
    beyond;

-- Full online production from the new processing plant in
    2H2022;

-- Growth capex in line with management's forecast.

RATING SENSITIVITIES

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

-- EBITDA above $300 million per annum on a sustained basis and
    leverage (total debt with equity credit/ operating EBITDA)
    below 4.0x;

-- Material change to earnings stability profile in terms of
    decreased volumetric exposure;

-- Positive improvement in counterparty credit quality.

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

-- A decline in volumes across Navitas' acreage, as evidenced by
    Navitas operational problems or by a drop in daily volumes
    through the Navitas system;

-- Significant cost overruns on project completion;

-- Meaningful deterioration in customer credit quality or a
    significant event at a major customer that impairs cash flow;

-- Leverage (total debt with equity credit/operating EBITDA)
    sustained above 5.5x.

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

Liquidity Adequate: As of Sept. 30, 2021, Navitas had $221.1
million of cash on hand and no debt outstanding under the revolving
credit facility.

Navitas' credit and term loan facilities contain various covenants
including limitations on the creation of indebtedness and liens,
and related to the operation and conduct of business. The credit
facilities do not permit Navitas' Debt Service Coverage Ratio to be
less than 1.1x, Total Debt to Capitalization to be more than 50%
and Super Senior Leverage ratio to be less than 1.5x. Navitas was
in compliance with its covenants as of Sept. 30, 2021, and Fitch
expects continued covenant compliance.

ISSUER PROFILE

Navitas is a natural gas and natural gas liquids (NGLs) midstream
services provider located in the Midland region within the Permian
basin. Navitas provides natural gas gathering and processing
services to a variety of producers within Martin, Howard, Midland,
Glasscock, Upton and Reagan counties in Texas.

ESG CONSIDERATIONS

Navitas has an ESG Relevance Score of '4' for Group Structure and
Financial Transparency as private-equity backed midstream entities
typically have less structural and financial disclosure
transparency than publicly traded issuers. This has a negative
impact on the credit profile, and is relevant to the rating 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.


NEPHROS INC: Anticipates Full-Year Net Revenue of $10.4 Million
---------------------------------------------------------------
Nephros, Inc. announced preliminary results for the fiscal year
ended Dec. 31, 2021.

Net revenue for 2021 is expected to be $10.4 million, the highest
in the Company's history and a 21% increase over 2020.  Net revenue
for the quarter ended Dec. 31, 2021 is expected to be $2.8 million,
an 18% increase over the quarter ended Dec. 31, 2020.

"We are entering 2022 from our strongest position ever," said Andy
Astor, president and chief executive officer.  "Our revenue in
fiscal 2021 was the best in the company's history, slightly
exceeding our pre-pandemic revenue.  We anticipate significant
growth in all of our business segments and will issue a letter to
stockholders later this week with additional detail on our
expectations for 2022."

Mr. Astor continued, "We are also pleased to reinstate our practice
of providing revenue guidance, as we promised to do.  We anticipate
2022 revenue to be in the range of $13.0 million to 13.5 million,
representing revenue growth of 25–30% over 2021.  Also, to better
conform to standard business practices, we will no longer issue
preliminary results announcements such as this press release.
Except in unusual circumstances, we will instead continue to
provide standard summary quarterly and fiscal year financial press
releases along with our filings with the Securities and Exchange
Commission on Forms 10-Q and 10-K."

Nephros ended the fourth quarter with approximately $7 million in
cash on a consolidated basis.

The company will announce its fourth quarter and fiscal 2021
results on Wednesday, Feb. 23, 2022, after market close and host a
conference call that same day at 4:30 p.m. ET.

                           About Nephros

South Orange, New Jersey-based Nephros, Inc. -- www.nephros.com --
is a commercial-stage company that develops and sells water
solutions to the medical and commercial markets.

Nephros reported a net loss of $4.53 million for the year ended
Dec. 31, 2020, a net loss of $3.18 million for the year
ended Dec. 31, 2019, and a net loss of $3.32 million for the year
ended Dec. 31, 2018.  As of Sept. 30, 2021, the Company had $17.82
million in total assets, $2.49 million in total liabilities, and
$15.33 million in total stockholders' equity.


NEW YORK HAND: Blames Bankruptcy Over Landlord-Tenant Dispute
-------------------------------------------------------------
Bill Heltzel of Westchester & Fairfield County Journals reports
that a Poughkeepsie, New York-based physical therapy business has
filed for bankruptcy protection, blaming financial difficulties on
landlord-tenant issues and the Covid-19 pandemic.

New York Hand & Physical Therapy PLLC declared $30,000 in assets
and $212,236 in liabilities, in a Chapter 11 petition filed last
December 2021 in U.S. Bankruptcy Court, Poughkeepsie.

Patrick Clough, the president, did not explain how the
landlord-tenant dispute or the pandemic impacted his business.
Instead, he says in an affidavit that Mahopac Bank froze bank
accounts, "which has caused the business to suffer from temporary
but significant delays in its income and ability to pay its
creditors."

The bank is listed as New York Hand's largest secured creditor, at
$132,596. Poughkeepsie K Holdings, a Mount Vernon company that sued
and won a default judgment after the business defaulted on a
previous lease, is owed $77,780, according to the affidavit.

Mahopac, now part of Tompkins Community Bank, objected on Jan. 10
to New York Hand's motion to continue using the bank accounts to
operate the business.

Tompkins argues that the bank account funds are collateral for a
$200,000 loan issued in 2015.  The bank sued New York Hand in 2020
to recover the collateral, and last January won a $132,596 judgment
that has since increased, with interest, to $143,777.

The bank claims that the bankruptcy code does not allow a debtor to
use cash collateral, or requires the court to put conditions on the
accounts to protect the bank.

Clough says in his affidavit that it is in the best interests of
the business and its creditors to continue operating while a
reorganization plan is negotiated.

New York Hand posted profits of $15,769 in 2020 and $44,078,
according to tax records filed with the bankruptcy case.

Clough, of Gardiner, Ultster County, twice filed for personal
Chapter 13 bankruptcy in 2019, with New York Hand as a co-debtor.
The court dismissed both cases, first for failure to make payments
to the trustee, and then for failure to provide tax returns or
propose a feasible Chapter 13 plan.

New York Hand is represented by Hopewell Junction attorney Devon
Salts.

              About New York Hand & Physical Therapy

New York Hand & Physical Therapy PLLC is a Poughkeepsie, New
York-based physical therapy business.  New York Hand & Physical
Therapy -- http://www.NewYorkHand.com/-- is committed to providing
the best physical therapy experience with the highest quality of
care for optimal results.  Patrick Clough PT CHT, owner of New York
Hand & Physical Therapy, opened the private practice in response to
the needs of the local community.

New York Hand & Physical Therapy PLLC filed its voluntary petition
for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Case No. 21-35911) on Dec. 23, 2021.  Patrick Clough, president,
signed the petition.  Devon Salts, Esq., at the Salts Law Office,
serves as the Debtor's legal counsel.


NITROCRETE LLC: Colorado Court Sets Auction of Assets for Jan. 20
-----------------------------------------------------------------
Judge Kimberley H. Tyson of the U.S. Bankruptcy Court for the
District of Colorado authorized the bidding procedures proposed by
NITROcrete, LLC, and affiliates in connection with the auction sale
of assets, consisting of any or all tangible and intangible
real and personal property assets.

The Debtors, in their reasonable business judgment and after
consultation with the Consultation Parties, may agree that a
Potential Bidder will be afforded stalking horse status and
protections, including a break-up fee and expense reimbursement for
reasonable expenses.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Jan. 18, 2022, at 4:00 p.m. (MT)

     b. Deposit: 10% of purchase price

     c. Auction: The Auction, if necessary, will be held on Jan.
20, 2022, at 10:00 a.m. (MT), at a virtual meeting by electronic
means at the offices of Markus Williams Young & Hunsicker LLC, 1775
Sherman Street, Suite 1950, Denver, Colorado 80203, or at such
other location or by such other means as will be timely
communicated to all entities entitled to attend the Auction.

     d. Bid Increments: $50,000

     e. Sale Hearing: Jan. 24, 2022, at 1:30 p.m. (MT)

     f. Break-Up Fee: $50,000

     g. A Credit Bidder may Credit Bid for Purchased Assets in
connection with the Sale in accordance with and pursuant to Section
363(k) of the Bankruptcy Code, except as otherwise limited by the
Debtors or other party-in-interest for cause.

Within one business day following entry of the Order, the Debtors
will file with the Court and serve on all known Potential Bidders,
Vectra Bank, the Creditors' Committee, the U.S. Trustee, all
creditors and parties in interest, and all parties requesting
notice in the chapter 11 cases the Notice of Auction Sale.

Notwithstanding the applicability of any provision of the Federal
Rules of Bankruptcy Procedure and/or Local Bankruptcy Rules, the
Order will be immediately effective and enforceable upon its
entry.

The Debtors are authorized to take all action necessary to
effectuate the relief granted in the Order.

The hearing set for Jan. 5, 2022, is vacated.

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

                         About NITROcrete

NITROcrete, LLC and its affiliates filed petitions for Chapter 11
protection (Bankr. D. Colo. Lead Case No. 21-15739) on Nov. 18,
2021. Stephen De Bever, chief executive officer, signed the
petitions. In its petition, NITROcrete listed up to $10 million in
assets and up to $50 million in liabilities.  

Judge Kimberley H. Tyson oversees the cases.

The Debtors tapped Matthew T. Faga, Esq., at Markus Williams Young
& Hunsicker, LLC as bankruptcy counsel; Polsinelli, PC as special
counsel; Cordes & Company as financial advisor; and SSG Advisors,
LLC as investment banker. BMC Group, Inc. is the Debtors' noticing
agent.

The U.S. Trustee for Region 19 appointed an official committee of
unsecured creditors in the Debtors' cases on Dec. 9, 2021.  Seward
& Kissel, LLP and Kutner Brinen Dickey Riley, P.C. serve as legal
counsel for the committee.



NITROCRETE LLC: NITROcrete Equipment's Sale of Vehicles Approved
----------------------------------------------------------------
Judge Kimberley H. Tyson of the U.S. Bankruptcy Court for the
District of Colorado authorized NITROcrete Equipment, LLC, an
affiliate of NITROcrete, LLC, to sell vehicles outside the ordinary
course of business, and pay all costs and expenses incurred in
connection with the sale of the vehicles directly from the proceeds
of sale.

The stay imposed under Fed. R. Bankr. P. 6004(h) is waived and the
Order and the relief granted therein will be effective
immediately.

                         About NITROcrete

NITROcrete, LLC and its affiliates filed petitions for Chapter 11
protection (Bankr. D. Colo. Lead Case No. 21-15739) on Nov. 18,
2021. Stephen De Bever, chief executive officer, signed the
petitions. In its petition, NITROcrete listed up to $10 million in
assets and up to $50 million in liabilities.  

Judge Kimberley H. Tyson oversees the cases.

The Debtors tapped Matthew T. Faga, Esq., at Markus Williams Young
& Hunsicker, LLC as bankruptcy counsel; Polsinelli, PC as special
counsel; Cordes & Company as financial advisor; and SSG Advisors,
LLC as investment banker. BMC Group, Inc. is the Debtors' noticing
agent.

The U.S. Trustee for Region 19 appointed an official committee of
unsecured creditors in the Debtors' cases on Dec. 9, 2021.  Seward
& Kissel, LLP and Kutner Brinen Dickey Riley, P.C. serve as legal
counsel for the committee.



NORDIC AVIATION: Akin Gump, Woods Represent NAC 29 Noteholders
--------------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firms of Akin Gump Strauss Hauer & Feld LLP and Woods
Rogers PLC submitted a verified statement to disclose that they are
representing the NAC 29 Noteholder Group in the Chapter 11 cases of
Nordic Aviation Capital Designated Activity Company, et al.

The NAC 29 Noteholder Group engaged Akin Gump Strauss Hauer & Feld
LLP on April 18, 2020, and Woods Rogers PLC on September 27, 2021,
to represent it in connection with the Debtors' restructuring
efforts, including in connection with potential chapter 11 cases
commenced by the Debtors.

Akin Gump and Woods Rogers represent only the NAC 29 Noteholder
Group. Akin Gump and Woods Rogers do not represent the NAC 29
Noteholder as a "committee" and do not undertake to represent the
interests of, and are not fiduciaries for, any creditor, party in
interest or other entity that has not signed a retention agreement
with Akin Gump and/or Woods Rogers. In addition, the NAC 29
Noteholder Group does not represent or purport to represent any
other entities in connection with the Debtors' chapter 11 cases.

As of Jan. 12, 2022, members of the NAC 29 Noteholder Group and
their disclosable economic interests are:

FIPPGV/PX Ltd.
1600-10250 101 St
NW Edmonton, Alberta Canada
T5J 3P4

* NAC 29 USPP Agreements: $87,673,048.60

BASISGV/PX Ltd.
1600-10250 101 ST
NW Edmonton, Alberta Canada
T5J 3P4

* NAC 29 USPP Agreements: $40,907,305.55

AllianceBernstein LP
1345 Avenue of the Americas
New York, NY 10105

* NAC 29 USPP Agreements: $29,134,877.08

Equitable Financial Life Insurance Company
1290 Avenue the Americas
New York, NY 10104

* NAC 29 USPP Agreements: $30,681,291.67

Allianz Life Insurance Company of North America
5701 Golden Hills Dr.
Minneapolis, MN 55416

* NAC 29 USPP Agreements: $30,954,500.00

Barings LLC
300 South Tryon, St., Suite 2500
Charlotte, NC 28202

* NAC 29 USPP Agreements: $108,111,541.67

XYQ Luxco S.a.r.l.
888 Boylston St., Suite
1500 Boston, MA 02199

* NAC 29 USPP Agreements: $10,341,902.77

Conning, Inc.
One Financial Plaza,
23rd Floor Hartford, CT 06103

* NAC 29 USPP Agreements: $40,867,163.90

Deutsche Bank AG
Winchester House
London EC2N 2DB

* NAC 29 USPP Agreements: $13,920,761.13
* NAC 29 Facility Agreements: $30,523,411.17

Farallon Capital Europe LLP
Orion House
5 Upper St Martin's Lane
London
WC2H 9EA

* NAC 29 USPP Agreements: $177,712,067.21
* NAC 29 Facility Agreements: $57,500,000.00

Federated Insurance Companies
121 East Park Square
Owatonna, MN 55060

* NAC 29 USPP Agreements: $20,148,943.05

Fortress Investment Group
1345 Avenue of the Americas
New York, NY 10105

* NAC 29 USPP Agreements: $25,660,611.14
* NAC 29 Facility Agreements: $101,004,765.90

Lynstone SSF Holdings Sarl
60 Avenue J.F. Kennedy
Luxembourg
L-1855

* NAC 29 USPP Agreements: $25,328,241.53

Knights of Columbus
1 Columbus Circle; 19th Floor
New Haven, CT 06510

* NAC 29 USPP Agreements: $30,687,791.67

Continental Casualty Company
151 N. Franklin Street, 10th Floor
Chicago, IL 60606

* NAC 29 USPP Agreements: $41,119,861.11

Macquarie Investment Management Advisers
100 Independence
610 Market Street
Philadelphia, PA 19106

* NAC 29 USPP Agreements: $77,137,881.95

MetLife Investment Management, LLC
One MetLife Way
Whippany, NJ 07981

* NAC 29 USPP Agreements: $190,250,763.92

Northlight Group LLP
33 Glasshouse Street London
W1 B 5DG

* NAC 29 USPP Agreements:  $5,170,951.39
* NAC 29 Facility Agreements: $17,000,000.00

Nuveen Alternatives Advisors LLC
730 Third Avenue
New York, NY 10017

* NAC 29 USPP Agreements: $180,690,902.78

Pan-American Life Insurance Group
601 Poydras St., 28th Floor
New Orleans, LA 70430

* NAC 29 USPP Agreements: $10,217,730.14

Pacific Investment Management Company LLC
650 Newport Center Drive
Newport Beach, CA 92660

* NAC 29 USPP Agreements: $133,713,733.34
* NAC 29 Facility Agreements: $172,098,673.01

PPM America, Inc.
225 West Wacker Drive, Suite 1200
Chicago, IL 60606

* NAC 29 USPP Agreements: $78,118,318.69

Royal Neighbors of America
230 16th Street
Rock Island, IL 61201

* NAC 29 USPP Agreements: $4,109,158.34

Sculptor Capital Holding Corporation
9 W 57th Street
New York, NY 10019

* NAC 29 USPP Agreements: $243,562,666.63
* NAC 29 Facility Agreements: $40,000,000.00
                              EUR 5,000,000.00

Securian Asset Management, Inc.
400 Robert Street
North St. Paul, MN 55101

* NAC 29 USPP Agreements: $40,917,055.56

Searchlight Capital Partners, L.P.
745 Fifth Avenue, 26th Floor
New York, NY 10151

* NAC 29 USPP Agreements: $8,713,565.27

Sentinel Asset Management, Inc.
One National Life Drive
Montpelier, VT 05604

* NAC 29 USPP Agreements: $33,946,088.90

Southern Farm Bureau Life Insurance Company
1401 Livingston Lane
Jackson, MS 39213

* NAC 29 USPP Agreements: $18,557,741.67

Third Point LLC
55 Hudson Yards, 51st Floor
New York, NY 10001

* NAC 29 USPP Agreements: $81,334,749.03

Voya Investment Management Co. LLC
5780 Powers Ferry Road
NW, Atlanta, GA 30327

* NAC 29 USPP Agreements: $211,136,716.00

Voya Investment Management LLC
5780 Powers Ferry Road
NW, Atlanta, GA 30327

* NAC 29 USPP Agreements: $89,364,838.16

Additional holders of claims against the Debtors' estates may
become members of the NAC 29 Noteholder Group, and certain members
of the NAC 29 Noteholder Group may cease to be members in the
future.  Akin Gump and Woods Rogers reserve the right to amend or
supplement this Verified Statement in accordance with the
requirements set forth in Bankruptcy Rule 2019.

Counsel for the NAC 29 Noteholder Group can be reached at:

          Michael E. Hastings, Esq.
          Justin Simmons, Esq.
          WOODS ROGERS PLC
          901 East Byrd Street, Suite 1550
          Richmond, VA 23219
          Telephone: (804) 956-2049
          E-mail: mhastings@woodsrogers.com
                  jsimmons@woodsrogers.com

             – and –

          David H. Botter, Esq.
          Abid Qureshi, Esq.
          Brad M. Kahn, Esq.
          AKIN GUMP STRAUSS HAUER & FELD LLP
          One Bryant Park
          New York, NY 10036
          Telephone: (212) 872-1000
          Facsimile: (212) 872-1002
          E-mail: dbotter@akingump.com
                  aqureshi@akingump.com
                  bkahn@akingump.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://bit.ly/3A3ViIm

                    About Nordic Aviation Capital

Nordic Aviation Capital is the leading regional aircraft lessor
serving almost 70 airlines in approximately 45 countries.  Its
fleet of 475 aircraft includes ATR 42, ATR 72, De Havilland Dash 8,
Mitsubishi CRJ900/1000, Airbus A220 and Embraer E-Jet family
aircraft.

On Dec. 17, 2021, Nordic Aviation Capital Pte. Ltd., NAC Aviation
17 Limited, NAC Aviation 20 Limited, and Nordic Aviation Capital
A/S each filed petitions seeking relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. E.D. Va.).  On Dec. 19, 2021, Nordic
Aviation Capital Designated Activity Company and 112 affiliated
companies also filed petitions seeking Chapter 11 relief.  The lead
case is In re Nordic Aviation Capital Designated Activity Company
(Bankr. E.D. Va. Lead Case No. 21-33693).

Judge Kevin R. Huennekens oversees the cases.

The Debtors tapped Kirkland & Ellis and Kutak Rock, LLP as
bankruptcy counsel and the law firms of Clifford Chance, LLP,
William Fry, LLP and Gorrissen Federspiel as corporate counsel.
N.M. Rothschild & Sons Limited, Ernst & Young, LLP and
PricewaterhouseCoopers, LLP serve as the Debtors' financial
advisor, restructuring advisor and tax advisor, respectively.  Epiq
Corporate Restructuring, LLC is the claims and noticing agent.


NORTONLIFELOCK: Moody's Confirms Ba2 CFR on Avast Acquisition
-------------------------------------------------------------
Moody's Investors Service confirmed NortonLifeLock Inc.'s Ba2
Corporate Family Rating (CFR) and Ba2-PD Probability of Default
Rating (PDR). The action concludes the review initiated on August
17, 2021 when NortonLifeLock announced an agreement to acquire
rival consumer security software provider Avast plc ("Avast").
Moody's also downgraded the company's existing unsecured notes to
B1 from Ba3 and assigned a Ba1 to the company's new first lien
secured revolver, term loan A, and term loan B facilities. The
existing first lien facilities' ratings were confirmed at Baa3 and
will be repaid upon closing of the acquisition, at which time the
ratings will be withdrawn.

The confirmation of the Ba2 CFR reflects the scale and strength of
the combined businesses and tremendous cash generating potential.
Although closing debt to combined EBITDA will likely exceed 5x,
continued growth in revenues, realization of planned synergies, and
debt repayment should reduce leverage to 4x in the 18-24 months
post closing. The acquisition is expected to close in the first
half of calendar 2022.

The Avast acquisition will add a strong consumer security brand in
Europe and other international markets and significantly increase
NortonLifeLock's market share and geographic diversity outside
North America. However, Avast's freemium business model is very
different than NortonLifeLock's pay model and integrating the
businesses will not be without risk. There are multiple competing
products at each company and maintaining the success of each brand
while also cutting costs to realize targeted synergies may be
disruptive. Moody's expects the majority of products and brands
will remain intact initially, however some rationalization is
inevitable. There will be potential to cross sell certain products
or technologies to each company's user base such as selling certain
of LifeLock's identity protection technology into Avast's customer
base. But Avast also has its own lower priced BreachGuard identity
protection service and how and if the products will co-exist has
not be disclosed.

RATINGS RATIONALE

NortonLifeLock's Ba2 CFR reflects its leading position in the
consumer security software markets and solid cash flow generation
potential offset to some degree by high leverage and integration
challenges as a result of the Avast acquisition.

The combined companies' credit profile is bolstered by the leading
position of its Norton, Avast and AVG branded products in the
consumer security software market and LifeLock in the identity
protection market. Moody's expects the combined companies will grow
at mid-single digit rates over the next several years driven by
consumer concerns over digital security and ongoing shift of
consumers to a digital world. While the large uptick in PC sales
growth in 2020 and 2021 contributed to revenue growth,
NortonLifeLock's performance also benefited from security, privacy
and identity concerns outside of traditional PC protection. Success
of the brands is spurred by marketing and constant investment in
research and development (as well as acquisitions) to enhance
product offerings. Norton struggled with declining customer counts
prior to 2020 but has grown in periods since partially aided by new
product introductions.

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

The stable outlook reflects Moody's expectation of continued
mid-single digit growth, minimal disruption from the integration of
Avast, and leverage declining to 4x within two years post-closing.
The ratings could be upgraded if NortonLifeLock commits to, and
demonstrates, more conservative financial policies including
leverage maintained under 3.5x (on a Moody's adjusted basis). The
ratings could be downgraded if operating performance deteriorates
materially, cash costs or integration challenges are greater than
expected, leverage stays above 4.5x for an extended period, or free
cash flow to debt falls below 10% on other than a temporary basis.

NortonLifeLock Inc.'s Speculative Grade Liquidity (SGL) rating of
SGL-1 reflects a very good liquidity profile supported by an
estimated $750 million of cash on hand (based on an all cash
purchase option) and an undrawn $1.5 billion revolver at close of
the transaction. In addition, Moody's expects that the company has
the potential to generate over $750 million of free cash flow in
the year following closing of the acquisition. The company will
continue to pay dividends (estimated $335 million per year)
post-closing. Moody's calculation of free cash flow includes
dividend payments. NortonLifeLock has sufficient liquidity to repay
the approximately $1 billion of unsecured and convertible (unrated)
notes maturing in 2022 and $280 million of restructuring costs if
needed.

As a software company, NortonLifeLock's exposure to environmental
risk is considered low. Social risks are considered low to
moderate, in line with the software sector. Broadly the main credit
risks stemming from social issues are linked to reputational risk,
data security, diversity in the workplace, and access to highly
skilled workers. Given the large reliance on the brands'
reputations, high profile security breaches or improper corporate
behavior could materially impact performance. The company is
publicly held with an independent Board of Directors. Financial
policies are expected to be moderately aggressive as evidenced by
the large debt raise to fund the Avast acquisition, however Moody's
expects that NortonLifeLock will prioritize de-leveraging
post-closing.

The following ratings were affected or assigned:

Confirmations:

Issuer: NortonLifeLock Inc.

  Corporate Family Rating, Confirmed at Ba2

  Probability of Default Rating, Confirmed at Ba2-PD

  Existing Senior Secured 1st Lien Term Loan A, Confirmed at Baa3
  (LGD2)

  Existing Senior Secured 1st Lien Revolving Credit Facility,
  Confirmed at Baa3 (LGD2)

  Existing Senior Secured 1st Lien Delayed Draw Term Loan A,
  Confirmed at Baa3 (LGD2)

Downgrades:

Issuer: NortonLifeLock Inc.

  Senior Unsecured Global Notes, Downgraded to B1 (LGD6) from Ba3
  (LGD5)

  Senior Unsecured Notes, Downgraded to B1 (LGD6) from Ba3 (LGD5)

Assignments:

Issuer: NortonLifeLock Inc.

  New Senior Secured 1st Lien Revolving Credit Facility, Assigned
  Ba1 (LGD3)

  New Senior Secured 1st Lien Term Loan A, Assigned Ba1 (LGD3)

  New Senior Secured 1st Lien Term Loan B, Assigned Ba1 (LGD3)

  New Senior Secured 1st Lien Bridge Credit Facility, Assigned Ba1

  (LGD3)

Outlook Actions:

Issuer: NortonLifeLock Inc.

  Outlook, Changed To Stable From Rating Under Review

NortonLifeLock Inc. (formerly Symantec Corporation), headquartered
in Tempe, AZ, is a leading provider of consumer security software
and services. Revenues were approximately $2.7 billion for the four
quarters ended October 1, 2021. Pro forma for the acquisition of
Avast, revenues were approximately $3.6 billion for the period.


OCEAN DEVELOPMENT: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Ocean Development Partners, LLC
        268 Newbury Street
        4th Floor
        Boston, MA 02116

Chapter 11 Petition Date: January 14, 2022

Court: United States Bankruptcy Court
       District of Massachusetts

Case No.: 22-10043

Debtor's Counsel: Carmenelisa Perez-Kudzma, Esq.
                  PEREZ-KUDZMA LAW OFFICE, LLC
                  35 Main Street, Suite #1
                  Wayland, MA 01778
                  Tel: 978-505-3333
                  Email: Carmenelisa@pklaw.law

Estimated Assets: $10 billion to $50 billion

Estimated Liabilities: $1 million to $10 million

The petition was signed by Nicholas J. Fiorillo, sole
manager/office owner.

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/MOJCVTA/Ocean_Development_Partners_LLC__mabke-22-10043__0001.0.pdf?mcid=tGE4TAMA


OLYMPUS POOLS: Major Creditor Wants Bankruptcy Case Tossed
----------------------------------------------------------
Shannon Behnken and Erik Altmann of News 8 Channel report that the
major creditor in the bankruptcy case involving Olympus Pools owner
James Staten is seeking to have the entire bankruptcy case
dismissed, according to a newly filed motion.  

Court records reviewed by Better Call Behnken show SCP Distributors
filed the motion on January 13, 2022.  The company accuses James
Staten and his wife, Alexis Staten, of "attempting to abuse the
bankruptcy process and completely avoid a legitimate debt they owe
to SCP Distributors by pushing forward false claims accusing SCP
Distributors of forgery and fraud."

Better Call Behnken has reported extensively on Olympus Pools, a
company that has closed under scrutiny for incomplete pool
contracts across the Tampa Bay area.

The debtors "know these allegations are false, as when they
previously made these allegations in the State Court Litigation,
they were shown evidence of the falsity of their claims and
instead, through counsel, entered into a Settlement Agreement with
SCP Distributors," the filing states.

Olympus Pools owner's attorney moves AG's civil case to bankruptcy
court

"This court should not allow the Debtors to abuse the bankruptcy
process, and should therefore dismiss the case," an attorney for
SCP Distributors writes in the motion to dismiss.  

Attorney Joel Aresty, who represents the Staten's in the bankruptcy
case, told Investigator Shannon Behnken that it appears this filing
was intended to be "some sort of bomb" by SCP.

"There are factual disputes between SCP and debtor," Aresty said.
"We are looking at these factual disputes, but there's no grounds
for dismissal of the whole bankruptcy case."

Better Call Behnken has reached out to SCP Distributors for a
comment on this story and is awaiting a response.

                      About Olympus Pools

Olympus Pools is a highly acclaimed Tampa swimming pool contractor
& builder in Tampa Bay, Florida.

James Staten and wife Alexis Staten, owner of Olympus Pools, sought
Chapter 11 protection (Bankr. M.D. Fla. Case No. 21-05141) on Oct.
6, 2021.  In the petition, the Debtors estimated assets between
$500,001 and $1 million and estimated liabilities between $1
million and $10 million.  Joel M. Aresty, P.A., is the Debtors'
counsel.


PADDOCK ENTERTAINMENT: Plans $610M Asbestos Claims Trust Fund
-------------------------------------------------------------
Rick Archer of Law360 reports that Paddock Enterprises, a spinoff
of glassmaker Owens-Illinois, has submitted a proposed Chapter 11
plan to the Delaware bankruptcy court that would establish a $610
million trust fund to pay off its legacy asbestos liability.  

In a plan disclosure statement filed Wednesday, January 13, 2022,
Paddock said the plan is the result of a settlement with its
asbestos claimants committee and future asbestos claims
representative, and will "result in a permanent resolution of all
current and future asbestos personal injury claims against the
debtor." "This plan represents a favorable outcome for all parties,
and we look forward to the plan's implementation."

                      About Paddock Enterprises

Paddock Enterprises, LLC's business operations are exclusively
focused on (i) owning and managing certain real property and (ii)
owning interests in, and managing the operations of, its non-debtor
subsidiary, Meigs, which is developing an active real estate
business. It is the successor-by-merger to Owens-Illinois, Inc.,
which previously served as the ultimate parent of the company.
Paddock Enterprises is a direct, wholly owned subsidiary of O-I
Glass.

Paddock Enterprises sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 20-10028) on Jan. 6, 2020.
At the time of the filing, the Debtor disclosed assets of between
$100 million and $500 million and liabilities of the same range.

Judge Laurie Selber Silverstein oversees the case.

The Debtor tapped Richards, Layton & Finger, P.A. and Latham &
Watkins LLP as legal counsel; Alvarez & Marsal North America, LLC
as financial advisor; and Prime Clerk, LLC as claims, noticing and
solicitation agent and administrative advisor.


PALMS BLVD VENICE: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Palms Blvd Venice Beach, LLC
        30262 Crown Valley Parkway B440
        Laguna Niguel, CA 92677

Business Description: The Debtor is the fee simple owner of three
                      real estate properties located in Los
                      Angeles and Venice, California having an
                      an aggregate current value of $3.19 million.

Chapter 11 Petition Date: January 15, 2022

Court: United States Bankruptcy Court
       Central District of California

Case No.: 22-10060

Judge: Hon. Theodor Albert

Debtor's Counsel: Michael R. Totaro, Esq.
                  TOTARO & SHANAHAN
                  P.O. Box 789
                  Pacific Palisades, CA 90272
                  Tel: (888) 425-2889
                  Fax: (310) 496-1260
                  Email: Ocbkatty@aol.com

Total Assets: $3,230,731

Total Liabilities: $2,745,986

The petition was signed by Jafiel Drinkwater, managing member.

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/GR4AKYA/Palms_Blvd_Venice_Beach_LLC__cacbke-22-10060__0001.0.pdf?mcid=tGE4TAMA


PARADIGM PROPERTY: Unsecureds to Get Share of Income for 5 Years
----------------------------------------------------------------
Paradigm Property Enhancements, Inc., submitted an Amended Plan of
Reorganization for Small Business dated Jan. 6, 2022.

The Plan Proponent's financial projections show that the Debtor
will have projected disposable income of $40,146.40.

The final payment is expected to be paid on January 1, 2027.

This Plan of Reorganization proposes to pay creditors of Paradigm
Property Enhancements, Inc. from cash flow from operations.

Non-priority, non-insider, unsecured creditors holding allowed
claims will receive distributions of all the debtor's net
disposable income for a period of five (5) years beginning with the
effective date of the plan, to be disbursed by the subchapter V
trustee in deferred quarterly payments. Insiders holding
nonpriority unsecured claims will receive no payments during the
course of the plan. This Plan also provides for the payment of
administrative and priority claims.

Class 6 consists of equity security interest of David Elchlinger.
No distributions will be made on any equity security interest
during the course of the Plan.

Payments and distributions under the Plan will be funded from cash
flow from the Debtor's operations. The Debtor will pay normal
operating expenses and make disbursements as set forth in the plan
from income generated by the Debtor's business activity. The Debtor
projects that it will receive enough income revenue during the
course of the plan to meet all of its financial obligations.

A full-text copy of the Amended Plan of Reorganization dated Jan.
06, 2022, is available at https://bit.ly/3HYTKlm from
PacerMonitor.com at no charge.

                   About Paradigm Property

Paradigm Property Enhancements, Inc., is an Ohio Subchapter S
corporation wholly owned by David Elchlinger.  Paradigm filed a
Chapter 11 bankruptcy petition (Bankr. N.D. Ohio Case No. 21-11070)
on March 27, 2021.  The Debtor is represented by Richard H. Nemeth,
Esq. of NEMETH & ASSOCIATES, LLC.


PARADISE REDEVELOPMENT: $1.3M Sale of East Palo Alto Property OK'd
------------------------------------------------------------------
Judge M. Elaine Hammond of the U.S. Bankruptcy Court for the
Northern District of California authorized Paradise Redevelopment
Co., LLC's sale of the real property located at 2118 Addison
Avenue, in East Palo Alto, California 94303, to Miguel M. Moreno
for $1.3 million.

A hearing on the Motion was held on Jan. 6, 2022.

The Property is more particularly described as The Southerly 50
feet, front and rear measurements of Lot 3, Block 5, as delineated
upon that certain Map entitled "Palo Alto Park, San Mateo County,
California," filed for record in the Office of the Recorder of the
County of San Mateo, State of California, on January 19th, 1925, in
Book 11 of Maps, at Page 74, APN:  063-154-020.

The sale is in accordance with the terms and conditions that are
set forth in the Residential Income Property Purchase Agreement And
Joint Escrow Instructions, dated Nov. 3, 2021, together with the
Seller Counteroffer, dated Nov. 9, 2021, as well as any other
addenda entered into between Debtor and Buyer.

The Debtor is authorized to pay the following liens or claims at
closing of the sale:

     (1) any amounts owed to Rediger Investment Mortgage Fund, on
account of a  deed of trust recorded in the San Mateo County
official records on Dec. 13, 2019, as Recorder's Serial Number
2019-106054;

     (2) the amount of $420,000 owed to Miguel M. Moreno(Seller),
on account of a deed of trust recorded in the San Mateo County
official records on Dec. 13, 2019, as Recorder's Serial Number
2019-106055;

     (3) real property taxes owed to the County of San Mateo;

     (4) the sum of $714.33 owed to Palo Alto Park Mutual Water
Company, on account of its lien recorded in the San Mateo County
official records on Nov. 10, 2020, as Recorder's Serial Number
2020-126563;

     (5) the sum of $40,000 owed to Came Marketing Solutions, LLC,
on account of a mechanics lien recorded in the San Mateo County
official records on March 31, 2021, as Recorder's Serial Number
2021-051770;

     (6) a 5% brokerage commission, and

     (7) normal and customary escrow and title charges. Any
residual proceeds will be deposited in the Attorney Client Trust
Account of Stanley A. Zlotoff.

The Debtor is authorized to execute any documents and undertake any
actions that are necessary or appropriate to effectuate or
consummate the sale.

The Order is effective upon entry, and the stay otherwise imposed
by Rule 62(a) of the Federal Rules of Civil Procedure and/or
Bankruptcy Rule 6004(h) will not apply.

               About Paradise Redevelopment Company

Paradise Redevelopment Company, LLC owns a 4-plex located at 2118
Addison Ave., East Palo Alto, Calif.

Paradise Redevelopment Company filed a voluntary petition for
Chapter 11 protection (Bankr. N.D. Calif. Case No. 21-50596) on
April 27, 2021, listing up to $50,000 in assets and up to $10
million in liabilities.  Juan Carlos Casas, managing member,
signed
the petition.  Judge Elaine M. Hammond oversees the case.  Stanley
A. Zlotoff, Esq., serves as the Debtor's legal counsel.



PARKER MEDICAL: Case Summary & 8 Unsecured Creditors
----------------------------------------------------
Debtor: Parker Medical Holding Company, Inc.
           /f/d/b/a Midwest Medical Enterprises
        2295 Parklake Drive
        Suite 100
        Atlanta, GA 30345

Chapter 11 Petition Date: January 14, 2022

Court: United States Bankruptcy Court
       Northern District of Georgia

Case No.: 22-50369

Debtor's Counsel: Jimmy L. Paul, Esq.
                  Drew V. Greene, Esq,
                  CHAMBERLAIN HRDLICKA WHITE WILLIAMS & AUGHTRY
                  191 Peachtree Street, NE
                  46th Floor
                  Atlanta, GA 30303
                  Tel: (404) 659-1410
                  Email: jimmy.paul@chamberlainlaw.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Richard L. Parker, Sr., president.

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

https://www.pacermonitor.com/view/ZZOHQEQ/Parker_Medical_Holding_Company__ganbke-22-50369__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's Eight Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. G. Justin Bankston                Accounting            $10,000
McNair, McLemore, Middlebrooks        Services
389 Mulberry St
Macon, GA 31201
G. Justin Bankston
Tel: 478-746-6277
Email: jbankston@mmmcpa.com

2. Georgia Department of                                        $0
Revenue Compliance
Div.-Central Coll.
1800 Century Blvd
NE, Ste 9100
Atlanta, GA 30345
Georgia Department of Revenue

3. Internal Revenue Service                                     $0
PO Box 7346
2970 Market Street
Philadelphia, PA
19101-7317

4. Internal Revenue Service                                     $0
PO Box 7346
2970 Market Street
Philadelphia, PA
19101-7317

5. JBA Portfolio, LLC                    Lease            $449,500
720 N. Post Oak Road
Suite 500
Houston, TX 77024

6. McKesson Medical-                    Pending           $352,480
Surgical, Inc.                          Lawsuit
9954 Mayland Drive, Ste 4000
Richmond, VA 23233

7. Medline Industries, Inc.            Affiliate          $139,385
801 Adlai Stevenson Drive               Lawsuit
Springfield, IL 62703

8. Medline Industries, Inc.                                $32,265
801 Adlai Stevenson Drive
Springfield, IL 62703


PARKERVISION INC: Registers 1.6M Common Shares for Possible Resale
------------------------------------------------------------------
Parkervision, Inc. filed a Form S-1 registration statement with the
Securities and Exchange Commission relating to the resale by Alpine
Partners (BVI), LP of up to 1,578,946 shares of its common stock,
par value $0.01 per share consisting of an aggregate of 1,052,631
shares of common stock and 526,315 shares of common stock
underlying warrants issued pursuant to a securities purchase
agreement dated Dec. 14, 2021.

The company has registered these shares of common stock as required
by the terms of a registration rights agreement between the selling
stockholder and the company.  The registration of the shares of
common stock offered by this prospectus does not mean that the
selling stockholder will offer or sell any of these shares.  The
selling stockholder may offer the shares of common stock at
prevailing market prices at the time of sale, at prices related to
the prevailing market price, at varying prices determined at the
time of sale, or at negotiated prices.

The company will not receive proceeds from the sale of the shares
of common stock by the selling stockholder.  To the extent the
Warrants are exercised for cash, the company will receive up to an
aggregate of $526,315 in gross proceeds.  The company expects to
use the proceeds received from the exercise of the Warrants, if
any, for general working capital purposes, including payment of
litigation expenses.

The company will pay the expenses of registering these shares of
common stock, but all selling and other expenses incurred by the
selling stockholder will be paid by the selling stockholder.

The company's common stock is listed on the OTCQB Venture Capital
Market under the ticker symbol "PRKR."

A full-text copy of the prospectus is available for free at:

https://www.sec.gov/ix?doc=/Archives/edgar/data/914139/000091413922000003/prkr-20220113xs1.htm#Selling_Stockholders

                        About Parkervision

Headquartered in Jacksonville, Florida, ParkerVision, Inc.
(http://www.parkervision.com)has designed and developed
proprietary radio-frequency (RF) technologies that enable advanced
wireless solutions for current and next generation wireless
communication products.  ParkerVision is engaged in a number of
patent enforcement actions in the U.S. to protect patented rights
that it believes are broadly infringed by others.

Parkervision reported a net loss of $19.58 million for the year
ended Dec. 31, 2020, compared to a net loss of $9.45 million for
the year ended Dec. 31, 2019.  As of Sept. 30, 2021, the Company
had $3.40 million in total assets, $46.87 million in total
liabilities, and a total shareholders' deficit of $43.47 million.

Fort Lauderdale, Florida-based MSL, P.A., the Company's auditor
since 2019, issued a "going concern" qualification in its report
dated March 31, 2021, citing that the Company has suffered
recurring losses from operations and has a net capital deficiency
that raise substantial doubt about its ability to continue as a
going concern.


POLAR POWER: Rajesh Masina Quits as Chief Operating Officer
-----------------------------------------------------------
Rajesh Masina resigned from the position of chief operating officer
of Polar Power, Inc. effective Jan. 21, 2022.  

Mr. Masina's resignation from the company was not a result of any
disagreement with the company on any matter related to its
operations, policies or practices.

Balwinder Samra, the executive vice president of the company, will
take over business activities managed by Mr. Masina.

                         About Polar Power

Headquartered in Gardena, California, Polar Power, Inc. designs,
manufactures and sells direct current, or DC, power generators,
renewable energy and cooling systems for applications primarily in
the telecommunications market and, to a lesser extent, in other
markets, including military, electric vehicle charging and
residential and commercial power.

Polar Power reported a net loss of $10.87 million for the year
ended Dec. 31, 2020, a net loss of $4.04 million for the year
ended
Dec. 31, 2019, and a net loss of $848,252 for the year ended Dec.
31, 2018.  As of Sept. 30, 2021, the Company had $26.99 million in
total assets, $4.15 million in total liabilities, and $22.84
million in total stockholders' equity.


POWER STOP: S&P Assigns 'B' Issuer Credit Rating, Outlook Stable
----------------------------------------------------------------
S&P Global Ratings assigned a 'B' issuer credit rating to Power
Stop LLC, a U.S.-based aftermarket supplier of brake kits and
derivative products for light vehicles and trucks.

S&P said, "Simultaneously, we assigned our 'B' issue-level rating
and '3' recovery rating to the proposed first-lien credit
facilities, consisting of the $395 million term loan and $40
million cash flow revolver that will be undrawn at close. The '3'
recovery rating indicates our expectation for meaningful recovery
(50%-70%; rounded estimate: 55%) in the event of payment default.
The stable outlook reflects our expectation that it will maintain
above average EBITDA margins, allowing it to generate sufficient
cash flow to fund investment in its business and distributions to
shareholders.

"Our rating on Power Stop reflects its limited scale and diversity
as an automotive aftermarket supplier, as well as its highly
leveraged capital structure." Power Stop's revenues are
disproportionately derived from a single product category (brake
kits) sold primarily through online retailers and only in North
America. This makes the company a niche participant in the broader
auto supplier market, in a fragmented product category. Despite
revenues concentrated in the single product category, Power Stop
has developed a sizable portfolio to address a large population of
vehicles and has established entrenched relationships with core
online retailers.

The company's forecast credit ratios will likely remain consistent
with a highly leveraged financial risk profile over the next two
years based on S&P's assessment of its financial sponsors' likely
policies. While leverage is lower than many aftermarket suppliers',
over 5x pro forma for the new capital structure, the company is
also paying out a large dividend to the sponsor and other
shareholders. S&P believes Power Stop's pass-through tax
distributions to shareholders will keep discretionary cash flow at
around 2% in the forecast period. The company also could increase
leverage by acquiring other aftermarket brands or completing future
dividend recapitalizations.

Power Stop has a larger presence in the online retail channel for
its affordable brake kits relative to legacy peers that primarily
sell through distributors. By selling products through e-commerce
platforms, the company has scaled sales volumes, enabling it to
sustain above average EBITDA margins, further supported by
operating a highly variable cost structure. The focus in the online
retail channel has allowed Power Stop to outpace growth in adjacent
channels as consumers have increasingly adopted online vehicle
parts purchases, a trend enhanced by the COVID-19 pandemic. Power
Stop has strengthened its position by providing price transparency
for consumers who can purchase brake kits from online retailers and
bring them to local repair shops for installation. While this
allows Power Stop to offer lower prices and generate an above
average EBITDA margin, lower barriers to entry offset this
advantage. Low capital intensity allows legacy peers and new
entrants to enter the market by offering similar products. The
higher growth and above average margin profile of the online retail
business model could attract competition. Certain legacy
competitors are significantly larger than Power Stop, with abundant
capital to increase marketing spending to stimulate online sales.
In some cases, big-box retailers such as AutoZone created their own
private label brands, utilizing the same manufacturers in Asia.

Demand for automotive aftermarket products generally declines
during recessionary periods as consumers defer spending in broad
categories. While brake replacement is a routine repair for light
vehicles and trucks, Power Stop has some high-price products such
as off-road adventure kits for Jeeps, specialty muscle car brakes,
and high-performance brakes for luxury vehicles. In a recession, we
would expect steeper demand declines that could disproportionately
impair margins because these are higher-margin products. While the
company has increased revenues over the last few years, Power Stop
as a small aftermarket auto supplier offers limited visibility on
operational resiliency in an economic downturn. Also, maintaining
its history of high organic growth will require adapting to ongoing
shifts in consumer tastes and preferences.

Most of the company's products are sourced from Asia, particularly
China, and subject to tariffs and supply chain disruptions. To
address these challenges, Power Stop increased prices to offset
margin pressures and maintain sufficient inventory at its Illinois
warehouses to manage order fill rates. While Power Stop has managed
profitability historically through pricing actions, S&P believes
ongoing price adjustments could reduce consumer demand.

The stable outlook for Power Stop reflects S&P's expectation that
it will maintain above average EBITDA margins, allowing it to
generate sufficient cash flow to fund business investment and
distributions to shareholders.

S&P could lower its ratings on Power Stop if:

-- EBITDA margins become volatile and leverage increases above 6x;
or

-- Free operating cash flow to debt in the low-single digits.

A decline in EBITDA margins and subsequent strain on cash flows
could be caused by a slowdown in consumer spending, competitive
pressures, or an inability to offset inflationary pressures
affecting inbound freight costs and warehouse labor.

S&P views an upgrade as unlikely during the next 12 months given
Power Stop's limited scale and narrow product focus relative to
'B+' rated issuers. S&P could raise ratings if:

-- The company sustains solid growth;

-- Improves product diversity and scale; and
-- Maintains leverage well below 5x, with discretionary cash flow
to debt of 3%-5% on a sustained basis.

E2 S2 G3

S&P said, "Environmental and social factors have an overall neutral
influence on our credit rating analysis of Power Stop. Brake kits
and related products are not perceived as facing displacement risk
from electrification trends because of Power Stop's focus on
serving aftermarket vehicle parts demand and ability to develop
kits for electric vehicles. Governance is a moderately negative
factor in our credit rating analysis of Power Stop because of the
financial sponsor ownership and underlying corporate
decision-making that prioritizes the interest of controlling
owners, in line with our view of most rated entities owned private
equity sponsors. This also reflects financial sponsors' generally
finite holding periods and focus on maximizing shareholder
returns."



PRIME GLOBAL: Bid Procedures for Condo & Aviator Way Property OK'd
------------------------------------------------------------------
Judge Grace E. Robson of the U.S. Bankruptcy Court for the Middle
District of Florida, Orlando Division, authorized Prime Global
Group, Inc.'s proposed bidding procedures in connection with the
sale of the following:

     a. The residential condominium located at 1879 Silver Fern
Dr., in Port Orange, Florida 32128; and

     b. The parcel of real property owned by Talon Management, LLC,
located at 3 Aviator Way, in Ormond Beach, Florida, 32174-2982.

The Debtor is authorized to take any and all actions necessary or
appropriate to implement and comply with the Bid Procedures.

The Condo will be sold as follows:

     a. Online auction - approximately 30 days for marketing;

     b. $10,000 Bid Deposit, Bidder Registration Form;

     c. 10% Buyer's Premium;

     d. Balance of 10% Deposit due within 24hrs after auction;

     e. Closing within 30 days of auction or 10 days after Court
approval, whichever is later;

     f. Estimated marketing costs of $3,500 which will be advanced
by the Auctioneer and then reimbursed from the sales proceeds; and

     g. If the successful bidder is a credit bidder, then the
credit bidder will pay the Auctioneer a fee of $5,000 and reimburse
the
Auctioneer for the marketing costs.

The Building/Personal Property will be sold as follows:

     a. Online auction –- approximately 60 days for marketing;

     b. $25,000/$10,000 Bid Deposits ($35,000 to bid on both);

     c. As to the Personal Property, successful bidder will pay a
10% Buyer's Premium, which will be paid to the Auctioneer;

     d. As to the Real Property/Building the successful bidder will
pay a 10% Buyer's Premium. The Auctioneer will receive 100% of
Buyer's Premium up to $1,000,000 High Bid, 80% of Buyer's Premium
for High Bid amount over $1 million. The Auctioneer will rebate 10%
of Buyer's Premium to the estate if there is no Buyer's Broker;

     e. Balance of 10% Deposit due within 24hrs after auction;

     f. Personal Property and Real Estate may be sold to separate
buyers;

     g. Personal Property closing within 10 days of auction or five
days after Court approval, whichever is later. Removal of all
personal property within 15 days of closing;

     h. Real Estate closing within 45 days of auction or 10 days
after Court approval, whichever is later;

     i. Estimated marketing costs of $10,000 which will be advanced
by the Auctioneer and then reimbursed from the sales proceeds; and

     j. If the successful bidder is a credit bidder, then the
credit bidder will pay the Auctioneer a fee of $25,000 and
reimburse the Auctioneer for the marketing costs.

As further described in the Bid Procedures, the deadline for
satisfying the Qualified Bidder requirements is the day before the
auction(s) provided for in the Bid Procedures.  No bid will be
deemed to be a Qualified Bid or otherwise considered for any
purposes unless such bid meets the requirements of a Qualified Bid
as set forth in the Bid Procedures.   

The Auction will be conducted in accordance with the Bid Procedures
on a date to be determined by the Auctioneer, OLDNOW, LLC, doing
business as Tranzon Driggers.

No later than 21 days before an auction, the Debtor will file a
Notice of the Auction advising parties as to the following dates:
(i) The Bid Qualification Deadline and (ii) The Auction Date (s)
and times.

The Debtor will cause the Sale Notice upon the Sale Notice Parties.
The Court will conduct a hearing to approve the sale to the
Successful Bidder(s) at such other date and time as counsel and
interested parties may be heard by the Court.

The Sale Objection Deadline is 4:00 p.m. (ET) the day before the
Sale Approval Hearing.

The stay provided for in Bankruptcy Rule 6004(h) is waived and the
Bid Procedures Order will be effective immediately upon entry.  

All time periods set forth in the Bid Procedures Order will be
calculated in accordance with Bankruptcy Rule 9006(a).  

The Debtor is authorized to take all actions necessary to
effectuate the relief granted pursuant to the Bid Procedures Order
in accordance with the Motion.  

Attorney Kenneth D. Herron, Jr. is directed to serve a copy of the
Order on interested parties who do not receive service by CM/ECF
and to file a proof of service within three days of entry of the
Order.

A hearing on the Motion was set for Dec. 15, 2021.

                     About Prime Global Group

Ormond Beach Fla.-based Prime Global Group, Inc. filed a petition
for Chapter 11 protection (Bankr. M.D. Fla. Case No. 21-04689) on
Oct. 15, 2021, listing up to $1 million in assets and up to $10
million in liabilities. Stephen Honczarenko, chief executive
officer, signed the petition.

Judge  oversees the case.

The Debtor tapped Herron Hill Law Group, PLLC as legal counsel and
Forensic Internal Audit, Inc. as accountant.



QHC FACILITIES: Has 'Grave Concerns', Judge Shodeen Says
--------------------------------------------------------
Lauren Coleman-Lochner of Bloomberg News reports that the judge
overseeing nursing home QHC Facilities' bankruptcy case says she
has grave concerns about the case.

The ill CEO of bankrupt nursing home chain QHC Facilities is
recovering, but the judge overseeing the proceedings said she still
has "grave concerns" about the case, foremost making sure patients
are protected.

"There was chaos before this case was even filed and it's continued
now post-petition," U.S. Bankruptcy Judge Anita Shodeen said during
a Thursday, January 13, 2022, hearing.

The U.S. Trustee moved to appoint a Chapter 11 trustee this week
after Chief Executive Officer Nancy Voyna was hospitalized "with
extremely serious health conditions," according to a Tuesday court
filing.

QHC filed for bankruptcy Dec. 29 with a plan to seek a buyer,
citing "crippling staffing and employee retention issues" and the
death of Voyna's husband and co-founder in June as factors.

Jeffrey Goetz, a lawyer for the company, said a courtesy call to
the U.S. Trustee about the situation on Sunday led to "assertions
that the sky was falling, the ship was rudderless" and the company
needed immediate help.

The filing has "real-life implications" that could potentially
chill the sale process, Goetz said.  "The hysteria that the U.S.
Trustee has raised may become completely moot in a matter of days,"
he said.

Goetz said Voyna is coming off a ventilator and may be out of the
hospital next week, leading the judge to schedule a hearing about
whether to appoint a Chapter 11 trustee for later in the month, on
Jan. 26, 2022.

Shodeen asked L. Ashley Wieck, an attorney at the office of the
U.S. Trustee, if the effort to appoint a Chapter 11 Trustee would
be moot if Voyna returned to her job.

"That's a difficult question to answer," Wieck said. "I think we
would still have concerns, but moving to a trustee is extraordinary
relief."

                     About QHC Facilities

QHC Facilities, LLC, based in Clive, Iowa, operates eight skilled
nursing facilities. The facilities include Crestview Acres in
Marion as well as in Tama, Madison, Humboldt, Jackson, Webster and
Polk counties and two assisted living centers. Collectively, the
facilities have a maximum capacity of more than 700 residents. The
company employs roughly 300 full-time and part-time workers.

QHC Facilities and its affiliates filed petitions for Chapter 11
protection (Bankr. S.D. Iowa Lead Case No. 21-01643) on Dec. 29,
2021. The affiliates are QHC Management LLC, QHC Mitchellville LLC,
QHC Crestridge LLC, QHC Humboldt North LLC, QHC Winterset North
LLC, QHC Madison Square LLC, QHC Humboldt South LLC, QHC Villa
Cottages LLC, QHC Fort Dodge Villa LLC, and QHC Crestview Acres
Inc.

The Ccompany claimed $1 million in assets and $26.3 million in
liabilities as of the bankruptcy filing.

Judge Anita L. Shodeen oversees the cases.

Jeffrey D. Goetz, Esq., and Krystal R. Mikkilineni, Esq., at
Bradshaw Fowler Proctor & Fairgrave, PC are the Debtors' bankruptcy
attorneys. Gibbins Advisors, LLC serves as QHC Facilities'financial
advisor.


RANGE RESOURCES: Moody's Rates New $500MM Unsec. Notes Due 2030 'B1
-------------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Range Resources
Corporation's (Range) proposed $500 million notes due 2030. The
notes proceeds, together with cash on hand and borrowings under
Range's revolver, are expected to be used to redeem all of its
senior notes due 2026, and therefore, the transaction will be
largely net debt neutral. Range's other ratings remained
unchanged.

"Range's bond offering will extend its maturity profile, while
eliminating high interest notes it placed in 2020," said Arvinder
Saluja, Moody's Vice President.

Assignments:

Issuer: Range Resources Corporation

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

RATINGS RATIONALE

Range's proposed and existing senior unsecured notes are rated B1,
one notch below the assigned Ba3 Corporate Family Rating (CFR), due
to their structural subordination to the company's $2.4 billion
senior secured revolving credit facility.

Range's Ba3 CFR reflects meaningful improvement in its credit
metrics, especially retained cash flow to debt and leveraged
full-cycle ratio (LFCR), and Moody's expectation of further debt
reduction in 2022. Range's low-cost structure will help the company
generate sizeable free cash flow in an improved commodity price
backdrop for both natural gas and natural gas liquids (NGLs).
Moody's expects Range to continue to cut operating and development
costs. The CFR is also supported by Range's strong operating
efficiency, large scale, and good asset-based leverage metrics. In
addition, Range benefits from long-lived reserves, historically
conservative financial policies, and a high level of operational
control over its reserves, enabling significant discipline over the
pace of future development. However, Range's ratings are
constrained by its sensitivity to volatile natural gas and NGLs
prices, with natural gas contributing about 70% of production, and
a limited hedged production profile after 2022.

Range's positive rating outlook reflects Moody's expectation of
meaningful free cash flow generation in 2022 leading to debt
reduction and further improvement in credit metrics.

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

An upgrade could be considered if Range produced free cash flow on
a consistent basis, reduced debt significantly, and increased its
retained cash flow to debt ratio and LFCR above 35% and 1.5x,
respectively, based on mid-cycle pricing assumptions. Range's
ratings could be downgraded if retained cash flow to debt and LFCR
fell below 20% and toward 1x, respectively, or the company
demonstrated deteriorating cash margins, capital returns and
operating cash flow.

Range Resources Corporation is an independent exploration and
production company that is headquartered in Fort Worth, Texas.


RANGE RESOURCES: S&P Upgrades ICR to 'BB-' on Debt Paydown
----------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Ft. Worth,
Texas-based oil and gas exploration and production company Range
Resources to 'BB-' from 'B+'.

At the same time, S&P affirmed its 'BB-' issue-level rating on the
company's senior unsecured debt and assigned a 'BB-' rating to the
new $500 million senior unsecured notes due 2030.

S&P said, "The upgrade reflects the announcement of more than $300
million of absolute debt reduction, as well as our expectation that
Range will repay its $750 million in notes maturing through 2023.
Range Resources announced the issuance of $500 million of senior
unsecured notes due 2030 and expects to use proceeds (along with
cash on hand and a slight revolver draw) to call for its $850
million 9.25% senior unsecured notes due 2026. Moreover, Range
continues to telegraph its intentions to retire about $750 million
of senior notes that mature through 2023 using free cash flow. With
meaningful progress made so far in debt reduction, a strong hedge
position in 2022, and a stronger commodity price environment we
believe the company is willing and able to execute this program in
a timely fashion and note that our current rating includes
execution of the additional $750 million debt paydown this year. In
addition, our current rating assumes limited shareholder rewards
until these debt reduction goals are met. Range has a mid-cycle
leverage target of 1.5x, which it expects to achieve in mid-2022,
at which time shareholder rewards and, though less likely,
production growth in 2023 could become options for any excess
cash.

"The upgrade also considers the expected improvement in the
company's credit measures and free cash flow generation. We expect
Range's credit measures to improve meaningfully this year, due to
the ongoing strength in natural gas prices and improvements in NGL
pricing realizations, which have nearly doubled in value since
2020. Moreover, with improved takeaway capacity for both liquefied
natural gas (LNG) and NGLs internationally, the company continues
to take advantage of the widening gap between U.S. and
international natural gas and NGL prices driven by the energy
crisis in Europe and China. As a result, we estimate FFO to debt
will exceed 30% in 2022, up from 22% for the 12 months ended Sept.
30, 2021.

Range has improved its debt maturity profile over the past year,
and the capital markets have reopened for natural gas producers. In
January 2021, the company issued $600 million of 8.25% notes due
2029, proceeds from which it used to reduce the outstanding balance
on its revolver. The company also successfully redeemed $1 billion
of near-term debt last year using the proceeds from its new 9.25%
senior notes due 2026 and proceeds from the North Louisiana asset
sale. Pro forma for these transactions, Range has just $218 million
of senior notes due in 2022 and $532 million of senior notes due in
2023. Liquidity remains solid, with over $2 billion of liquidity
available under its reserve-based lending (RBL) facility due in
April 2023. Currently, Range's unsecured debt is trading at a yield
below 5%.

S&P said, "Our stable rating outlook on Range reflects the
execution of its debt reduction program, including the upcoming
$750 million in maturities in 2022 and 2023. We expect FFO to debt
to rise to meaningfully above 30% over the next two years.

"We could raise the rating if Range's credit ratios improved such
that FFO to debt rose and were sustained above 45%. We would also
expect the company to maintain a conservative financial policy,
including limited shareholder rewards, until it achieves its debt
reduction goals.

"We could lower the rating if FFO to debt fell below 30% for a
sustained period, which would most likely be driven by a
lower-than-expected commodity price environment and no change to
capital spending. Alternatively, we could lower the rating if Range
engaged in outsized shareholder rewards such that expected debt
paydown is not executed and credit measures do not improve."

ESG credit indicators: E-4 S-2 G-2

S&P said, "Environmental factors are a negative consideration in
our credit rating analysis of Range Resources Corp. as the
exploration and production industry contends with an accelerating
energy transition and adoption of renewable energy sources. We
believe falling demand for fossil fuels will lead to declining
profitability and returns for the industry as it fights to retain
and regain investors that seek higher return investments. That
said, the company is targeting net zero greenhouse gas emissions by
2025 and engaged in several different environmental practices,
including a responsibly sourced natural gas certification project,
water recycling and logistics, an electric-powered fracturing
fleet, and robust leak detection and remediation program
software."



SISTEMA UNIVERSITARIO: S&P Affirms 'BB+' Issuer Credit Rating
-------------------------------------------------------------
S&P Global Ratings revised its outlook to stable from negative and
affirmed its 'BB+' long-term and issuer credit rating (ICR) on the
Puerto Rico Industrial, Tourist, Educational, Medical, and
Environmental Control Facilities Financing Authority's (AFICA)
revenue debt, issued for Sistema Universitario Ana G. Mendez Inc.
(SUAGM, the institution, university, or system).

The outlook on SUAGM's debt was revised to negative on April 30,
2020, along with the debt of many other public and private colleges
and universities, in the wake of the COVID-19 pandemic.

"The outlook revision to stable reflects the university's
allocation of significant federal stimulus funding, which we
believe will support operating performance in the near term,
despite continued enrollment pressure," said S&P Global Rating
credit analyst Amber Schafer. "In addition, the federal support has
improved the university's liquidity allowing it to pay down
approximately $44 million in various revolving credit agreements,"
Ms. Schafer added.

The university does not expect to issue any additional new-money
debt during our one-year outlook period, though the potential
refinancing of existing debt is possible.

SUAGM is a private nonprofit institution of higher education that
operates four educational institutions, including its online
university. The institutions have nine additional offsite centers,
geographically dispersed throughout the island. In addition, SUAGM
institutions have three centers in Florida, and its youngest U.S.
campus in Dallas.



SORENSON COMMUNICATIONS: Moody's Lowers CFR to B3; Outlook Stable
-----------------------------------------------------------------
Moody's Investors Service downgraded Sorenson Communications, LLC's
corporate family rating (CFR) to B3 from B2, affirmed the company's
senior secured credit facility rating at B2, and affirmed its
probability of default rating at B3-PD. The outlook remains stable.
The rating actions follow Sorenson's announcement on January 7,
2022 that it plans to issue approximately $589 million Holdco PIK
notes (unrated) to help fund the sale of majority ownership of the
company to Ariel Alternative Investments, LLC (Ariel) [1].

Moody's views governance considerations as integral to the rating
action. The company's decision to fund the proposed Ariel
transaction with debt, doubling the amount of consolidated debt at
the parent level, reflects a more aggressive financial strategy
compared to Sorenson's previous target of operating with moderate
leverage of under 2x (company definition). The company believes
that its status as a minority business enterprise (MBE) following
the majority ownership sale to Ariel will allow the company to
accelerate growth in non-FCC, "business-to-business" services. This
portion of the business is relatively modest in size today, but
growth opportunities may be significant over the coming years.

The proposed 8-year $166 million Series A promissory notes and $423
million of Series B promissory notes (together "PIK Holdco" notes)
are unrated and will be issued by Sorenson Holdings, LLC, an
indirect parent of Sorenson Communications, LLC, the borrower on
the credit facility. The proposed notes will be unsecured, have no
guarantees from the opcos, provide a payment-in-kind optionality to
maturity in 2030, and will have have tenure outside the first lien
credit facility. Moody's considers the PIK notes in its adjusted
leverage calculation for Sorenson.

Downgrades:

Issuer: Sorenson Communications, LLC

  Corporate Family Rating, Downgraded to B3 from B2

Affirmations:

Issuer: Sorenson Communications, LLC

  Probability of Default Rating, Affirmed B3-PD

  Senior Secured Bank Credit Facility, Affirmed B2 (LGD3)

Outlook Actions:

Issuer: Sorenson Communications, LLC

  Outlook, Remains Stable

RATINGS RATIONALE

Sorenson's B3 CFR reflects its narrow business focus, reliance on
compensation rates set by the FCC, uncertainty around future rates
and the prospect for further rate decreases that pose meaningful
risk to the credit profile. Advances in automated speech
recognition technologies support the company's captioning agents
though it could also be potentially disruptive to the business over
time, particularly as word accuracy increases. Sorenson's leverage
as measured by Debt/EBITDA will increase to approximately 4.7x from
an estimated 2.5x at the end of FY2021 (both metrics including
Moody's standard adjustments). Moody's estimates that leverage will
remain above 4x (as adjusted) by the end of 2023. The company's
delevering will be limited given earnings pressure due to the
potential for declining reimbursement rates and PIK notes'
principal growth that will not be fully offset by the term loan's
mandatory amortization and excess cash flow sweep. Moody's views
this leverage level as high given the company's high business risk
from regulatory actions.

These credit challenges are counterbalanced by the Sorenson's
strong market position within its niche business and steady demand
for the company's services. The company's double-digit EBITDA
margins and volume growth provide cushion to absorb known rate
declines. Moody's expectation that Sorenson will generate strong
free cash flow with any excess cash flow being used to pay down
debt also supports the rating.

The instrument ratings reflect the probability of default of the
company, as reflected in the B3-PD PDR, and an average expected
family recovery rate of 50% at default given a mix of first lien
secured and unsecured debt proforma for the planned PIK notes
issuance.

The B2 rating on the first lien credit facility is two notches
lower than the loss given default (LGD) model outcome of Ba3,
reflecting Moody's expectation for limited loss absorption support
by the proposed junior debt (Holdco PIK notes) which will be held
by certain equity holders with board representation.

Moody's expects that Sorenson will maintain good liquidity over the
next twelve months supported largely by strong free cash flow in
the $100-$150 million range. The $25 million undrawn revolver adds
support though it is relatively small for a company of Sorenson's
size. The revolver expires in December 2025. Cash balances will be
minimal due to a cash flow sweep that requires that 75% of
quarterly excess cash flows be applied towards first lien term loan
repayment, with step downs if certain leverage levels are met. The
first lien credit facilities (both the term loan and the revolver)
are governed by a maximum first lien net leverage covenant of 3x.
Moody's expects that Sorenson will have comfortable cushion of more
than 30% over the requirement in the next 12-18 months.

The stable outlook reflects Moody's expectations that the company
will continue to generate positive free cash flow and maintain good
liquidity despite declining revenue trends in its FCC-regulated
business.

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

The ratings could be upgraded if Sorenson increases business
diversity by substantially expanding its unregulated service lines
with improving visibility into future compensation rates in its
regulated businesses. The maintenance of low leverage, strong
interest coverage and good liquidity could also lead to an
upgrade.

The ratings could be downgraded if liquidity deteriorates or future
compensation rates are expected to decline materially, such that
free cash flow is expected to turn negative, or profitability is
expected to be pressured.

Sorenson Communications, LLC, headquartered in Salt Lake City,
Utah, is a provider of IP-based video communication technology and
services to the deaf and hard of hearing. Proforma for the proposed
transaction, Sorenson will be majority owned (52%) by Ariel
Alternaves, LLC, with significant minority ownership stakes held by
affiliates of GSO Capital Partners, Franklin Mutual Advisors, and
FS Investments. Sorenson generated revenues of $837 million for LTM
9/2021.


SUNEDISON INC: Duetsche Bank to Sue Apollo, Elliott Over Loan Feud
------------------------------------------------------------------
Erik Larson of Bloomberg News reports that Apollo Global Management
Inc., Elliott Investment Management LP and other investors in
distressed corporate debt were sued by a unit of Deutsche Bank AG
for allegedly making false claims about its role in a $725 million
loan to SunEdison Inc. before the energy company filed for
bankruptcy.

Deutsche Bank Securities, which helped arrange the credit facility
in 2016 and was sued two years later for allegedly duping the
creditors into the loan, said investors that also include
Highbridge Capital Management LLC and Cerberus Capital Management
LP are falsely claiming they relied on the German company's
analysis of SunEdison.

                      About SunEdison, Inc.

SunEdison, Inc. (OTC PINK: SUNEQ), is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean power
generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017). Martin H. Truong, the senior vice president,
general counsel and secretary, signed the petitions.

The Debtors disclosed total assets of $20.7 billion and total debt
of $16.1 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rothschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent. The Debtors employed
PricewaterhouseCoopers LLP as financial advisors; and KPMG LLP as
their auditor and tax consultant.

SunEdison also tapped Eversheds LLP as its special counsel for
Great Britain and the Middle East.  Cohen & Gresser LLP has also
been retained as special counsel.

The Debtors tapped Ernst & Young LLP to provide tax-related
services. Keen-Summit Capital Partners LLC has been hired as real
estate advisor. Binswanger of Texas, Inc. also has been retained as
real estate agent.

Sullivan & Cromwell LLP serves as counsel to TerraForm Power, Inc.,
and TerraForm Global, Inc.

An official committee of unsecured creditors has been appointed in
the case.  The Committee tapped Weil, Gotshal & Manges LLP as its
general bankruptcy counsel and Morrison & Foerster LLP as special
counsel.  Togut, Segal & Segal LLP and Kobre & Kim LLP serve as
conflicts counsel.  Alvarez & Marsal North America, LLC, serves as
the Committee's financial advisors.

Counsel to the administrative agent under the Debtors' prepetition
first lien credit agreement are Richard Levy, Esq., and Brad
Kotler, Esq., at Latham & Watkins.

Counsel to the administrative agent under the postpetition DIP
financing facility are Scott Greissman, Esq., and Elizabeth Feld,
Esq., at White & Case LLP.

Counsel to the Tranche B Lenders (as defined in the DIP credit
agreement) and the steering committee of the second lien creditors
are Arik Preis, Esq., and Naomi Moss, Esq., at Akin Gump Strauss
Hauer & Field, LLP.

Counsel to the administrative agent under the Debtors' prepetition
second lien credit agreement is Daniel S. Brown, Esq., at Pillsbury
Winthrop Shaw Pittman LLP.

The collateral trustee under the Debtors' prepetition second lien
credit agreement and the indenture trustee under each of the
Debtors' outstanding bond issuances, is represented by Marie C.
Pollio, Esq., at Shipman & Goodwin LLP.

Counsel to the ad hoc group of certain holders of the Debtors'
convertible senior notes is White & Case LLP's Tom Lauria, Esq.

                           *    *    *

On March 28, 2017, the Debtors filed their Plan of Reorganization
and related Disclosure Statement. The Disclosure Statement was
approved on June 13, 2017.  Judge Stuart Bernstein subsequently
confirmed the Debtors' Second Amended Joint Plan of Reorganization
on July 28, 2017.


TALEN ENERGY: Fitch Lowers LongTerm IDR to 'CCC'
------------------------------------------------
Fitch Ratings has downgraded the Long-Term Issuer Default Rating
(IDR) of Talen Energy Supply, LLC (Talen) to 'CCC' from 'CCC+'.
Fitch has also downgraded Talen's senior secured debt to 'B'/'RR1'
from 'B+/RR1' and the senior unsecured guaranteed notes to
'CCC'/'RR4' from 'CCC+/RR4'. The ratings have been removed from
Rating Watch Negative.

The rating action follows the closing of a new $848 million first
lien financing led by GoldenTree Asset management and Silver Point
Finance. Talen was also successful in obtaining a waiver to the
revolving credit facility's (RCF) senior secured leverage financial
covenant of 4.25x through the first quarter of 2022.

The new financing alleviates Fitch's near-term concerns regarding
liquidity, which had become severely constrained by the end of
November 2021. The downgrade reflects that onerous conditions
associated with the new facility could again constrain liquidity in
2023. This leaves a shorter runway for Talen, as compared with
Fitch's prior expectations, to right-size its capital structure.

KEY RATING DRIVERS

New Financing Closed: Talen closed on the new $848 million
first-lien financing, Talen Commodity Accordion RCF, on Dec. 14,
2021. Talen's wholly owned subsidiaries, Talen Energy Marketing and
Susquehanna Nuclear, were the lead borrowers. Obligations under the
Commodity Accordion RCF are guaranteed by Talen's restricted
subsidiaries and secured by a first priority lien and security
interest in substantially all of the assets of Talen and the
restricted subsidiaries.

The new facility strengthens Talen's near-term liquidity, which was
adversely impacted by higher cash collateral postings through late
summer and fall of 2021 driven by a sharp increase in power and
natural gas prices. Liquidity decreased to $343 million as of Nov.
26, 2021.

Fitch estimates 2021 YE liquidity at Talen to be approximately $583
million comprised of $393 million in unrestricted cash and $190
million available under two unsecured LC facilities. This reflects
paydown of $238 million of borrowings under the Talen RCF, $114
million bonds maturity in December and $60 million posting of
financial assurance.

Liquidity is expected to be further strengthened as commodity
exchange margin deposits of $302 million (as of Nov. 26, 2021) are
expected to be returned by the second quarter of 2022, thereby,
increasing the availability under the Commodity Accordion RCF.

Liquidity Constraints: While Talen's near-term liquidity has
improved, medium-term concerns remain. Borrowings under the
Commodity Accordion RCF are subject to mandatory pre-payments,
which include return of cash collateral and excess cash flow
sweeps. The borrowings are subject to a maximum of four draws
(including the initial draw). In addition, the draws are subject to
a senior secured leverage ratio of 2.75x on or after Jan. 1, 2023,
a condition that Fitch considers highly onerous.

Under the amended Talen RCF, aggregate commitments have been
reduced to $459 million, of which $20 million is for LC postings
for the benefit of Cumulus entities. There is a prohibition on
direct bank borrowings as well as on future LC issuances.

Covenants Tightened: The covenants under the Commodity Accordion
RCF and those under the amended Talen RCF are significantly tighter
than before and reduce the capacity for Talen to make certain
investments and restricted payments, incur debt and dispose of
assets, including the Susquehanna nuclear plant. This leaves Talen
with diminished flexibility to undertake liability management
actions.

Untenable Capital Structure: Fitch expects Talen's recourse Debt to
EBITDA to be above 10.0x at YE 2021. The strength in forward power
prices is bolstering Talen's 2022 - 2023 outlook. Based on Fitch's
updated financial forecasts, Fitch expects Talen's recourse debt to
EBITDA to be mid-6.0x over the next two years. A constructive
outcome for future PJM capacity market auctions and continued
strength in power prices are key for long-term stability of EBITDA
at Talen and improvement in credit metrics.

Fitch believes if leverage is not reduced, either through
realization of higher margins or by additional equity infusion,
Talen could face further distress when the Commodity Accordion RCF
resets in 1Q2023 reducing liquidity, with possible outcomes
including a distressed debt exchange of the subordinated debt.

Recovery Analysis: Fitch rates the senior secured first lien debt
'B'/'RR1', indicating outstanding recovery, and the senior
unsecured guaranteed debt 'CCC'/'RR4', indicating average recovery.
The Commodity Accordion RCF is pari passu with Talen's first lien
indebtedness, which includes the Talen RCF, senior secured term
loan, senior secured notes, certain bilateral hedge agreements, and
inventory repurchase obligations.

The individual security ratings at Talen are notched above or below
the IDR as a result of the relative recovery prospects in a
hypothetical default scenario. Fitch values the power-generation
assets that guarantee the parent debt using a net present value
(NPV) analysis. A similar NPV analysis is used to value the
generation assets that reside in non-guarantor subsidiaries, and
the excess equity value is added to the parent recovery prospects.
The generation asset NPVs vary significantly based on future gas
price assumptions and other variables, such as the discount rate
and heat rate forecasts in PJM, ERCOT and the Northeast.

Fitch uses the plant valuation provided by its third-party power
market consultant, Wood Mackenzie, as well as Fitch's own gas price
deck and other assumptions. The NPV analysis for Talen's generation
portfolio yields approximately $140/kW for PJM coal, $1,000/kW for
Susquehanna nuclear (an increase from prior $600/kW) and an average
of $500/kW for the natural gas generation assets (an increase from
the prior $400/kW).

No Contribution from New Investments: Management remains focused on
its strategic transformation and recapitalization strategy, which
comprises moving Talen away from coal towards renewable and digital
infrastructure assets and attracting third-party equity and
joint-venture partners to fund future growth. Fitch has not assumed
any benefit to accrue to Talen from these growth investments in the
form of distributions and/or equity.

DERIVATION SUMMARY

Talen is unfavorably positioned compared to Vistra Energy Corp.
(Vistra, BB+/Negative) and Calpine Corp. (B+/Stable) with respect
to size, asset composition and geographic exposure. Vistra is the
largest independent power producer in the country with
approximately 39 GW of generation capacity compared to Calpine's 26
GW and Talen's 13GW. Talen lacks geographical diversity, but Fitch
considers PJM a constructive market for power generators given the
capacity auction construct.

Vistra benefits from its ownership of large and well entrenched
retail electricity businesses in contrast to Calpine, whose retail
business is much smaller. Talen has a modest retail business
focused on C&I customers. Calpine's younger and predominant natural
gas fired fleet bears less operational and environmental risk as
compared to nuclear and coal generation assets owned by Vistra and
Talen. In addition, Calpine's EBITDA is more resilient to changes
in natural gas prices and heat rates as compared to its peers.

Talen's forecasted leverage is the highest among its peers, which
positions its rating lower than its peers. Fitch forecasts Talen's
debt to EBITDA leverage ratio, excluding non-recourse subsidiaries,
to be mid-6.0x over 2022-2023, which is weaker than Calpine's 5.0x
and significantly weaker than Vistra's 3.5x.

KEY ASSUMPTIONS

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

-- Power prices in PJM and ERCOT modestly below current forward
    prices;

-- Hedges per management's current disclosures;

-- 2022/23 PJM capacity auction results as announced and weaker
    results for the 2023/2024 auction;

-- Maintenance capex averaging $180 million annually;

-- 2022-2023 maturities paid using cash on hand and FCF.

RATING SENSITIVITIES

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

-- Constraints to liquidity removed from 2023 onwards;

-- Recourse debt to adjusted EBITDA is below 7.0x on a
    sustainable basis.

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

-- Negative FCF generation on a sustained basis;

-- Liability management activities that diminish the recovery for
    the unsecured note holders;

-- Incremental secured leverage and/or deterioration in NPV of
    the generation portfolio.

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 in 2022: As of Nov. 26, 2021, Talen had
approximately $343 million of liquidity available, including $140
million of unrestricted cash, no availability under the $690
million RCF and $190 million availability under two unsecured LC
facilities that provide for issuance of LCs of up to $100 million
each.

Pursuant to amendments to the Talen RCF (last amendment on Dec. 14,
2021), the maximum commitment under the Talen RCF was reduced to
$459 million. The amendments prohibit direct bank borrowings from
the RCF and restrict future LC issuances such that any
cancellation, termination or expiration of existing LCs will lead
to permanent reduction in the facility amount. The available
revolver capacity is subject to 4.25x senior secured leverage ratio
covenant at each quarter end. Talen has obtained a waiver for a
breach of this covenant through the first quarter of 2022. The RCF
matures in March 2024. The two unsecured LC facilities expire in
June 2023 and December 2023.

The new first lien facility, the $848 million Commodity Accordion
RCF, matures in September 2024. The borrowings are subject to
mandatory pre-payments, which include return of cash collateral and
excess cash flow sweeps. The available revolver capacity is also
subject to 4.25x senior secured leverage ratio covenant. The
borrowings are subject to a maximum of four draws (including the
initial draw). In addition, the draws are subject to a senior
secured leverage ratio of 2.75x for draws on or after Jan. 1,
2023.

TES has modest debt maturities over 2022-2023. The nearest
significant debt maturity consists of $543 million of senior
unsecured notes due 2025.

ISSUER PROFILE

Talen, a subsidiary of Talen Energy Corporation, is an independent
power producer that owns approximately 13,000MW of generation
capacity and is owned by the private equity firm, Riverstone
Holdings, LLC.

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.

SUMMARY OF FINANCIAL ADJUSTMENTS

Fitch includes only recourse debt in its leverage calculation and
includes distribution from Lower Mt. Bethel - Martins Creek
non-recourse subsidiary in its adjusted EBITDA calculation.


TELKONET INC: Closes Financing Transaction With VDA Group
---------------------------------------------------------
Telkonet, Inc. and VDA Group S.p.A. have closed a strategic
financing transaction pursuant to which VDA has contributed $5
million to Telkonet in exchange for the issuance of a majority of
shares of common stock of Telkonet and a warrant to purchase
additional shares of common stock.  In connection with the
Financing, Arthur Byrnes, Peter Kross and Leland Blatt resigned
from Telkonet's board of directors and Piercarlo Gramaglia, Flavio
de Paulis and Steven Quick filled the resulting vacancies, bringing
with them deep industry experience that will enhance the leadership
of the new joint enterprise.  In addition, Jason Tienor resigned as
CEO of Telkonet and has taken on a new role as chief sales &
operations officer of the Americas.  Mr. Gramaglia, CEO of VDA
Group, will act as CEO of Telkonet.

The Financing will allow Telkonet and VDA to create a strategic
dynamic that will allow each company to enhance their market
position and will provide both companies with an opportunity to
leverage the respective strengths of their businesses in the areas
of Intelligent Automation, occupancy-based energy management and
Iot technology services for global markets in specific sectors,
including hospitality, military housing, student housing,
multi-family housing and assisted living.  The companies'
respective teams, skills and resources will allow Telkonet and VDA
to act on opportunities offered in the new era of IOT and synergies
between the two companies will offer customers additional products,
technologies and excellent service as it positions itself to take
advantage of the technological transformation taking place in the
targeted industries.

"For Telkonet, this combination represents an excellent opportunity
to expand our reach within markets outside the US and to be able to
compete in an increasingly attractive and competitive field," said
Mr. Tienor.  "I'm fully convinced that our combined teams will
introduce exceptional new alternatives in smart technology and room
controls and successfully seize the opportunities offered by this
new era of intelligent automation."

"With Telkonet we have found the ideal partner, which on the one
hand approaches the market in a way very similar to ours, placing
people at the center, and on the other hand, completes the offering
of our solutions thanks to their expertise in the world of Energy
Management," said Mr. Gramaglia.  "The goal we are setting is to
put ourselves at the service of the hospitality market to ensure
that the digital transformation in place increases its benefits
exponentially.  Sustainability and user experience can be enhanced
if all the operators involved collaborate in this ambitious
project."

                         About Telkonet

Headquartered in Waukesha, WI, Telkonet, Inc. is an IOT innovator
focused on Intelligent Automation and Energy Management through the
use of individualized climate controls that enable guests or
residents of hotels or homes to intelligently control energy usage
in accordance with their preferences, while reducing energy
consumption and improving facility management capabilities.
Telkonet was founded in 1999 and has successfully deployed over
700,000 intelligent climate control devices across more than 4,000
properties.

Telkonet reported a net loss attributable to common stockholders of
$3.15 million for the year ended Dec. 31, 2020, compared to a net
loss attributable to common stockholders of $1.93 million for the
year ended Dec. 31, 2019.  As of June 30, 2021, the Company had
$6.97 million in total assets, $5.72 million in total liabilities,
and $1.25 million in total stockholders' equity.

Minneapolis, Minnesota-based Wipfli LLP, the Company's auditor
since 2020, issued a "going concern" qualification in its report
dated March 31, 2021, citing that the Company has suffered
operating losses, has negative operating cash flows and is
dependent upon its ability to generate profitable operations in the
future and obtaining the necessary financing to meet its
obligations and repay its liabilities arising from normal business
operations when they come due.  These conditions raise substantial
doubt about its ability to continue as a going concern.


TOP FLIGHT INVESTMENTS: Taps Abbasi Law Corporation as Counsel
--------------------------------------------------------------
Top Flight Investments, LLC seeks approval from the U.S. Bankruptcy
Court for the Central District of California to employ Abbasi Law
Corporation to serve as legal counsel in its Chapter 11 case.

The firm's services include:

   a. representing the Debtor at the initial interview;

   b. representing the Debtor in meetings of creditors or any
continuance thereof;

   c. representing the Debtor at all hearings before the bankruptcy
court;

   d. preparing legal papers;

   e. advising the Debtor, regarding matters of bankruptcy law,
including its rights and remedies with respect to its assets and
claims of its creditors;

   f. representing the Debtor in all contested matters;

   g. assisting the Debtor in the preparation of a disclosure
statement and the negotiation, preparation, and implementation of a
plan of reorganization;

   h. analyzing claims that have been filed in the Debtor's
bankruptcy case;

   i. negotiating with creditors regarding the amount and payment
of their claims;

   j. objecting to claims if appropriate;

   k. advising the Debtor with respect to its powers and duties in
the continued operation of its business;

   l. providing counseling with respect to the general corporate,
securities, real estate, litigation, environmental, state
regulatory, and other legal matters which may arise during the
pendency of the case; and

   m. performing all other legal services for the Debtor as may be
necessary except in adversary proceedings, which would require a
further written agreement.

The hourly rates charged by the firm for its services are as
follows:

     Attorneys    $400 per hour
     Paralegals   $60 per hour
     Law Clerks   $25 per hour

The firm will be paid a retainer in the amount of $15,000 and
reimbursed for out-of-pocket expenses incurred.

Matthew Abbasi, Esq., a partner at Abbasi Law Corporation,
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:

     Matthew Abbasi, Esq.
     Abbasi Law Corporation
     6320 Canoga Ave., Suite 220
     Woodland Hills, CA 91367
     Tel: (310) 358-9341
     Fax: (888) 709-5448
     Email: matthew@malawgroup.com

                   About Top Flight Investments

Top Flight Investments, LLC, a company based in Pacoima, Calif., is
the fee simple owner of 14 residential real properties located in
California having a total current value of $29.95 million.

Top Flight Investments sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Calif. Case No. 21-11875) on Nov. 16,
2021, listing $29,954,500 in assets and $1,038,950 in liabilities.
Douglas Sanchez, the Debtor's managing member, signed the petition.


Judge Victoria S. Kaufman oversees the case.

Matthew Abbasi, Esq., at Abbasi Law Corporation is the Debtor's
legal counsel.


TPT GLOBAL: Subsidiary to Open First "QuikLab" Portable Lab
-----------------------------------------------------------
TPT Global Tech, Inc.'s subsidiary, TPT MedTech, is set to open its
first "QuikLab" portable Laboratory and start Covid 19 and Point of
Care (POC) testing on the island of Grenada.  The operations will
introduce its "QuikLAB" and "QuikPASS" Check and Verify Passport
technology platform to tourists, local citizens, and government
agencies.  The first Mobile "Quiklab" testing lab has been deployed
on the Island and is scheduled to open for testing starting this
month.

Local citizens, as well as Tourists in the country who are tested
at an authorized "QuikLAB" facility, will download the "QuikLAB"
App, get tested, and be able to present their results
electronically. Once cleared to travel, tourists can easily display
on their smart device, the HIPPA compliant testing records to
verify that they have been tested within the required timeframe
making them free to travel home.  The company has already
successfully launched its QuikLAB and QuikPass technology platform
in Jamaica where international travelers at both international
airports in Montego Bay and Kingston are using the QuikPASS
verification platform to travel home to their respective
countries.

Travelers from Grenada to the US, Canada, the UK, and other
countries may utilize "QuikPASS" or other COVID passport apps
available or get tested at any approved facility and show their
negative COVID-19 laboratory test results at the airport in the
form of written documentation (electronic or printed) for clearance
to travel.  The CDC and other foreign authorities have mandated
that all international travelers must be tested before arrival into
the United States or other countries of destination.

TPT MedTech will charge QuikLAB customers $85 for an antigen test
and $120 for a PCR test in Grenada.  Pre-Covid, Grenada saw 4
million tourists enter and depart the country annually.

"Our team on the ground in Grenada have done a great job getting
the first "Quiklab" up and running," said Stephen Thomas, CEO of
TPT Global Tech.  "What also excites us now is our ability to offer
other lab panel testing in our "Quiklabs" Internationally and
Domestically such as Diabetes, Glucose, CBC and Chemistry Panels
the results all being delivered to patients over our "QuikPass"
Check and verify platform in hours instead of days and also give
the physician Telemedicine capabilities."

                       About TPT Global Tech

TPT Global Tech Inc. (OTC:TPTW) based in San Diego, California, is
a technology-based company with divisions providing
telecommunications, medical technology and product distribution,
media content for domestic and international syndication as well as
echnology solutions.  TPT Global Tech offers Software as a Service
(SaaS), Technology Platform as a Service (PAAS), Cloud-based
Unified Communication as a Service (UCaaS). It offers carrier-grade
performance and support for businesses over its
private IP MPLS fiber and wireless network in the United States.
TPT's cloud-based UCaaS services allow businesses of any size to
enjoy all the latest voice, data, media and collaboration features
in today's global technology markets. TPT Global Tech also
operates as a Master Distributor for Nationwide Mobile Virtual
Network Operators (MVNO) and Independent Sales Organization (ISO)
as a Master Distributor for Pre-Paid Cell phone services, Mobile
phones Cell phone Accessories and Global Roaming Cell phones.

TPT Global reported a net loss attributable to the Company's
shareholders of $8.07 million for the year ended Dec. 31, 2020,
compared to a net loss attributable to the company's shareholders
of $14.03 million for the year ended Dec. 31, 2019.  As of Sept.
30, 2021, the Company had $11.77 million in total assets, $42.75
million in total liabilities, $5.03 million in total mezzanine
equity, and a total stockholders' deficit of $36 million.

Draper, Utah-based Sadler, Gibb & Associates, LLC, the Company's
auditor since 2016, issued a "going concern" qualification in its
report dated April 15, 2021, citing that the Company has suffered
recurring losses from operations and has insufficient cash flows
from operations to support working capital requirements.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


TRIDENT HOLDINGS: Unsecureds to Get $4K per Month for 60 Months
---------------------------------------------------------------
Trident Holdings LLC filed with the U.S. Bankruptcy Court for the
District of Nevada a Plan of Reorganization for Small Business
dated Jan. 6, 2022.

The debtor is a limited liability company which has been in the
business of development of real estate. There is a prospective
health care tenant whose anticipated rent payments of approximately
$30,000 a month will assure a successful reorganization.

The Plan Proponent's financial projections show that the Debtor
will have projected disposable income of $240,000. The final Plan
payment is expected to be paid in or around March of 2027.

Class 2A consists of the secured claim of Residential Mortgage Loan
Trust I. This claim in the amount of $1,683,494.89, as evidenced by
proof of claim No. 7, shall be satisfied through monthly payments
in the amount of $8281.78, which is the amount amortized over 30
years at 4.25 percent.

Class 2B consists of the secured claim of Shane Donahoe. This claim
in the amount of $900,000 shall be satisfied through monthly
payments in the amount of $4427.46, which is the amount amortized
over 30 years at 4.25 percent.

Class 2C consists of the secured claim of Clark, Saga, Miyaoka.
This claim in the amount of $930,000 shall be satisfied through
monthly payments in the amount of $4575.04, which is the amount
amortized over 30 years at 4.25 percent.

Class 2D consists of the secured claim of Republic Services. This
claim, in the amount of $1,288.13, as evidenced by proof of claim
No. 5, shall be satisfied through a lump sum payment on the
effective date of the plan.

Class 3 consists of non-priority unsecured creditors. The Creditors
shall collectively receive and shall share, pro rata, monthly
disbursements by the Debtor in the amount of $4,000 a month for a
period of 60 months for a total of $240,000.

Class 4 consists of Equity Security Holders. These holders shall
retain their interests in the Debtor.

The Debtor shall lease the premises to an entity that has obligated
itself to multi-year stabilized rents in the amount of $30,000. In
addition, as necessary, the members of the Debtor are willing to
make capital contributions.

A full-text copy of the Small Business Plan of Reorganization dated
Jan. 06, 2022, is available at https://bit.ly/3Ft9Sdt from
PacerMonitor.com at no charge.

Attorney for the Plan Proponent:

     David A. Riggi, Esq.
     Riggi Law Firm
     5550 Painted Mirage Rd. Suite 320
     Las Vegas, NV 89149
     Tel: (702) 463-7777
     Fax: (888) 306-7157
     Email: RiggiLaw@gmail.com

                    About Trident Holdings LLC

Trident Holdings, LLC filed a petition for Chapter 11 protection
(Bankr. D. Nev. Case No. 21-14872) on Oct. 8, 2021, listing as much
as $10 million in both assets and liabilities.  James Ronald Clark,
managing member of Trident Holdings, signed the petition.  

Judge Natalie M. Cox oversees the case.

David A. Riggi, Esq., at Riggi Law Firm is the Debtor's legal
counsel.


WASTEQUIP LLC: S&P Downgrades ICR to 'B-' on Supply Chain Pressure
------------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S.-based
waste and recycling equipment manufacturer Wastequip LLC to 'B-'
from 'B'. Concurrently, S&P lowered its issue-level rating on its
first-lien senior secured credit facility to 'B-' from 'B' and its
issue-level rating on its second-lien term loan to 'CCC' from
'CCC+'. S&P's '3' recovery rating on the first-lien facility is
unchanged, indicating its expectation for meaningful (50%-70%;
rounded estimate: 50%) recovery in the event of a default. S&P's
'6' recovery rating on the second-lien loan is also unchanged,
indicating our expectation for negligible (0%-10%; rounded
estimate: 0%) recovery in the event of a default.

S&P said, "Despite a healthy improvement in its revenue over the
past year, we expect Wastequip to face continued earnings pressure
from supply chain issues through the early part of 2022 and
forecast only a partial moderation in the prices for its key
commodities. Over the course of 2021, the company faced global
supply chain disruptions, increased freight and logistics costs,
and unfavorable movements in the prices of steel and resin, which
increased dramatically over the past year and remain at elevated
levels. Wastequip increased the revenue in its Containers and
Parts/Service businesses, though its trucks division experienced
lower revenue through the third quarter of 2021 because
supply-chain related issues reduced the number of chassis
deliveries from original equipment manufacturer (OEM) suppliers.
While we believe the company can pass through increased freight,
logistics and commodity costs to customers, we expect these
elevated costs to reduce the company's gross margins and cause its
S&P Global Ratings-adjusted EBITDA margins to decrease by about 100
basis points (bps)-150 bps in 2021. We forecast its supply chain
challenges will ease over the second half of 2022 and expect a
partial moderation in its commodity prices, which currently sit
near peak historical levels. In 2022, we forecast that the revenue
in its trucks division and gross margins across all divisions will
partially improve due to the easing of supply chain issues and
favorable movements in the prices of steel and resin,
respectively.

"We forecast negative S&P Global Ratings-adjusted FOCF in 2021
primarily because unfavorable commodity prices will lead to large
working capital outflows, though we expect an improvement in 2022.
While Wastequip's debt leverage will likely improve in 2022, we
expect it to remain elevated at over 6.5x. We expect the company to
generate negative FOCF in 2021, due to larger-than-usual working
capital outflows stemming from unfavorable commodity price
movements, before turning positive in 2022 due to improvements in
both its supply chain conditions and key commodity prices. We
expect Wastequip's S&P Global Ratings-adjusted debt to EBITDA to be
in the 8.5x-9.0x range as of year-end 2021 and in the 6.5x-7.0x
range as of year-end 2022 as its deleverages, primarily through
EBITDA growth.

"We expect that the company's revolving credit facility and
positive funds from operations (FFO) will support adequate
liquidity over the next 12 months. However, its liquidity could
deteriorate as the maturity of its existing revolving credit
facility due March 2023 approaches. Because Wastequip relies on its
revolver to fund its intra-year working capital needs, its
liquidity position could deteriorate over the next 12 months if its
access to the credit markets weakens. This could occur, for
example, if the company is unable to refinance its revolving credit
line in 2022, potentially due to a persistent, unfavorable cost
environment and an inability to generate positive FOCF this year.
We view the refinancing of its revolver, in addition to its
maintenance of a stable or improving operating performance, as the
key credit drivers for any potential ratings upside.

"Our negative outlook on Wastequip reflects its vulnerability to
the persistently unfavorable inflation and supply chain conditions
going into 2022, which could prevent it from deleveraging and erode
its liquidity position. The company may continue to face challenges
in delivering on the backlog in its trucks division if supply chain
challenges persist in the coming months. In addition, Wastequip's
working capital may remain elevated if commodity prices stay above
historical levels."

S&P could lower its rating on Wastequip if its capital structure
becomes unsustainable, as evidenced by:

-- An inability to extend or refinance its revolving credit
facility this year;

-- A deterioration in its liquidity position or increased debt
leverage due to a poor operating performance stemming from
continued cost pressures and/or supply chain issues; or

-- The pursuit of debt-funded acquisitions or dividends that
materially weaken its credit metrics on a sustained basis.

S&P could revise its outlook on Wastequip to stable if:

-- It is able to refinance its revolving credit facility well in
advance of its maturity; and

-- The company increases its margins and cash flow on an
improvement in its supply chain conditions and commodity prices.



[*] Justice Dept. Top Bankruptcy Watchdog Cliff White to Retire
---------------------------------------------------------------
The Justice Department on Jan. 13, 2022, announced the retirement
of Clifford White, the Director of the Justice Department's U.S.
Trustee Program (USTP), which oversees the administration of
bankruptcy cases, effective March 31, 2022.

"I want to express my appreciation to Cliff, not only for his 17
years of leadership of the U.S. Trustee Program, but also for 40
years of exceptional public service," said Attorney General Merrick
B. Garland.

"During his long service as the head of USTP, Cliff oversaw the
work of USTP's 21 regions and 90 field offices to ensure the
integrity and efficiency of the bankruptcy system.  I wish him all
the best in his future endeavors."  

Mr. White is a career civil servant who has held numerous
leadership positions within the government.  He was twice
recognized with Presidential Rank Awards -- the highest recognition
accorded to career officials -- first by President George W. Bush
and then by President Barack Obama.

Under Mr. White's leadership, USTP successfully implemented many
significant statutory changes; launched major enforcement
initiatives to combat fraud and abuse; enforced compliance with
bankruptcy laws; and, most recently, upheld the legal rights of
victims of the opioid crisis in the Purdue Pharma case by
challenging releases of liability that shield alleged wrong doers.

Learn more information on the program at:
https://www.justice.gov/ust


[*] SierraConstellation Promotes Tom Lynch to President & COO
-------------------------------------------------------------
SierraConstellation Partners LLC (SCP), an interim management and
advisory firm to middle-market companies in transition, has
promoted Tom Lynch to President and Chief Operating Officer.

Since joining SCP in 2018, Mr. Lynch has played a pivotal role in
building SCP's nationwide presence from his base in the Northeast.
He has led some of SCP's most high-profile engagements, including
serving as the interim CEO of David's Bridal and as the Chairman
and CEO of MedMen. In addition to his stellar client and business
development work, Lynch has served as a culture carrier and mentor
to the next generation of SCP professionals.

In his new position, Mr. Lynch will take a leadership role in
driving SCP's next phase of growth, working alongside SCP Founder
and CEO Larry Perkins to expand the firm's presence nationwide
while continuing to be involved in client engagements.

"When we brought Tom on board in 2018, we knew he would be a great
addition to our team, and he has succeeded beyond our
expectations," said Mr. Perkins. "In addition to his skills as an
established business leader and operator, Tom's proven executive
leadership experience and entrepreneurial spirit have helped him
grow SCP's presence across the country as well as in new service
verticals and industry sectors. He has also been a great mentor to
so many professionals at the firm and epitomizes what we look for
in a leader. We are thrilled to promote Tom into this new role and
are looking forward to his continued success at SCP."

"It's been such a pleasure working with Larry and the entire SCP
team over the past few years, and I'm beyond excited to take on
this new role in charting the company's growth," said Mr. Lynch.
"Since joining SCP, I've been lucky enough to work with some of the
smartest people in the industry who are not afraid to roll up their
sleeves to deliver the best results for our clients. We are
creating a new model for our industry at SCP which prioritizes
hands-on, senior-heavy engagement with our clients, and there is
plenty of room to scale this model across all of our areas of
expertise. I am deeply appreciative of this opportunity and am
looking forward to what the future holds."

In addition to his work leading engagements at SCP, Mr. Lynch
brings a wide range of leadership experience to his new role. Prior
to joining SCP, Lynch was the Managing Partner and Founder of Woods
Hole Capital, an asset management platform utilizing ABL strategies
in the consumer sector. Prior to Woods Hole, he was the Chairman
and CEO of Frederick's of Hollywood, a publicly traded apparel
retailer, where he oversaw a six-year turnaround plan which
culminated in a successful sale to a private equity buyer. Earlier
in his career, Lynch served as the CEO of a global hedge fund with
positions on five continents and as a senior executive with Mellon
Institutional Asset Management, where he was a member of the senior
management committee.

                About SierraConstellation Partners

SierraConstellation Partners (SCP) --
http://www.sierraconstellation.com/-- is a national interim
management and advisory firm headquartered in Los Angeles with
offices in Boston, Chicago, Dallas, Houston, New York, and Seattle.
SCP serves middle-market companies and their partners and investors
navigating their way through difficult business challenges. Our
team's real-world experience, operational mindset, and hands-on
approach enable us to deliver effective operational improvements
and financial solutions to help companies restore value, regain
creditor confidence, and capitalize on opportunities.

As former CEOs, COOs, CFOs, private equity investors, and
investment bankers, our team of senior professionals has decades of
experience operating and advising companies.


[^] BOND PRICING: For the Week from January 10 to 14, 2022
----------------------------------------------------------

  Company                     Ticker Coupon Bid Price   Maturity
  -------                     ------ ------ ---------   --------
American Honda Finance Corp   HNDA     0.250    99.708  1/21/2022
BPZ Resources Inc             BPZR     6.500     3.017   3/1/2049
Basic Energy Services Inc     BASX    10.750     6.977 10/15/2023
Basic Energy Services Inc     BASX    10.750     6.977 10/15/2023
Buffalo Thunder Development
  Authority                   BUFLO   11.000    50.000  12/9/2022
Diamond Sports Group LLC /
  Diamond Sports Finance Co   DSPORT   6.625    28.211  8/15/2027
Diamond Sports Group LLC /
  Diamond Sports Finance Co   DSPORT   6.625    28.385  8/15/2027
Energy Conversion Devices     ENER     3.000     7.875  6/15/2013
Forterra Finance LLC /
  FRTA Finance Corp           FRTA     6.500   105.687  7/15/2025
Forterra Finance LLC /
  FRTA Finance Corp           FRTA     6.500   105.502  7/15/2025
GNC Holdings Inc              GNC      1.500     0.488  8/15/2020
GTT Communications Inc        GTTN     7.875    14.000 12/31/2024
GTT Communications Inc        GTTN     7.875    12.750 12/31/2024
General Electric Co           GE       4.000    90.125       N/A
Goodman Networks Inc          GOODNT   8.000    45.000  5/11/2022
Keurig Dr Pepper Inc          KDP      7.450   151.330   5/1/2038
MAI Holdings Inc              MAIHLD   9.500    19.546   6/1/2023
MAI Holdings Inc              MAIHLD   9.500    19.546   6/1/2023
MAI Holdings Inc              MAIHLD   9.500    19.546   6/1/2023
MBIA Insurance Corp           MBI     11.501    10.250  1/15/2033
MBIA Insurance Corp           MBI     11.501     8.963  1/15/2033
Nine Energy Service Inc       NINE     8.750    47.577  11/1/2023
Nine Energy Service Inc       NINE     8.750    47.540  11/1/2023
Nine Energy Service Inc       NINE     8.750    47.577  11/1/2023
OMX Timber Finance
  Investments II LLC          OMX      5.540     0.836  1/29/2020
Renco Metals Inc              RENCO   11.500    24.875   7/1/2003
Revlon Consumer Products      REV      6.250    43.632   8/1/2024
Ruby Pipeline LLC             RPLLLC   8.000    85.500   4/1/2022
Ruby Pipeline LLC             RPLLLC   8.000    89.000   4/1/2022
Sears Holdings Corp           SHLD     6.625     0.603 10/15/2018
Sears Holdings Corp           SHLD     6.625     0.729 10/15/2018
Sears Roebuck Acceptance      SHLD     7.000     1.023   6/1/2032
Sears Roebuck Acceptance      SHLD     7.500     0.861 10/15/2027
Sears Roebuck Acceptance      SHLD     6.750     1.184  1/15/2028
Sears Roebuck Acceptance      SHLD     6.500     1.119  12/1/2028
Sempra Texas Holdings Corp    TXU      5.550    13.500 11/15/2014
Talen Energy Supply LLC       TLN      9.500    85.075  7/15/2022
Talen Energy Supply LLC       TLN      6.500    43.243  9/15/2024
Talen Energy Supply LLC       TLN      6.500    43.243  9/15/2024
Talen Energy Supply LLC       TLN      9.500    85.075  7/15/2022
TerraVia Holdings Inc         TVIA     5.000     4.644  10/1/2019
Trousdale Issuer LLC          TRSDLE   6.500    33.150   4/1/2025


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA.
Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante,
Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon,
Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and
Peter A. Chapman, Editors.

Copyright 2022.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

                   *** End of Transmission ***