/raid1/www/Hosts/bankrupt/TCR_Public/230905.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
Tuesday, September 5, 2023, Vol. 27, No. 247
Headlines
1982 INVESTMENT: Rent Payments to Fund Plan
2836 WEST: Unsecureds Owed $225K Unimpaired in Sale Plan
8607 WURZBACH: Case Summary & Nine Unsecured Creditors
9TH & 10TH STREET: NYC Says Plan Disclosures Inadequate
9TH & 10TH: Seeks to Hire Hilco Real Estate Professionals
ACCELERATED HEALTH: $875MM Bank Debt Trades at 17% Discount
AEMETIS INC: Revises Notification Requirements for Nominations
AEROFARMS INC: Seeks to Hire CohnReznick LLP as Financial Advisor
AJC MEDICAL: Bankruptcy Administrator Unable to Appoint Committee
ALECTO HEALTHCARE: Hires Morris James LLP as Counsel
ANTHONY'S 31: U.S. Trustee Unable to Appoint Committee
APPHARVEST PRODUCTS: Seeks to Tap Jackson Walker as Local Counsel
APPLOVIN CORP: S&P Ups ICR to 'BB' on Lower Leverage Expectations
ARRAY TECHNOLOGIES: S&P Upgrades ICR to 'B+', Outlook Stable
ARTISTS IN MOTION: Seeks to Tap Kasen & Kasen as Bankruptcy Counsel
ASP LS ACQUISITION: $455MM Bank Debt Trades at 21% Discount
BENFIELD REAL: Case Summary & Six Unsecured Creditors
BIJOU HILL: Freedom Supply Appointed as New Committee Member
BRICKCHURCH ENTERPRISES:Objection to Misplaced Proposed Foreclosure
CAMECO TECHNOLOGIES: DS Fails to Disclose the Debtor's Obligations
CANOPY GROWTH: $750MM Bank Debt Trades at 15% Discount
CARNIVAL PLC: $823MM Bank Debt Trades at 19% Discount
CARNIVAL PLC: EUR751.5MM Bank Debt Trades at 39% Discount
CARNIVAL PLC: EUR755MM Bank Debt Trades at 38% Discount
CARVANA CO: S&P Downgrades ICR to 'D' on Distressed Exchange
CHEM-WAY CORPORATION: Seeks to Tap Kirk Palmer & Thigpen as Counsel
CONSOLIDATED ELEVATOR: Seeks Confirmation of Plan
CONSTANT CONTACT: $300MM Bank Debt Trades at 17% Discount
CORRY DAVIS: Voluntary Chapter 11 Case Summary
CPC ACQUISITION: $225MM Bank Debt Trades at 50% Discount
CUREPOINT LLC: Unsecureds to Recover 13% to 15% in Trustee's Plan
CYTODYN INC: Delays Filing of Form 10-K for Period Ended May 31
DICOL TRUCKING: Unsecureds to Split $15K in Subchapter V Plan
DIOCESE OF CAMDEN: Court Denies Insurance Settlement Approval
DIOCESE OF CAMDEN: Court Rejects 8th Amended Plan
DIOCESE OF SAN FRANCISCO: Two New Committee Members Appointed
DODGE CONSTRUCTION: $455MM Bank Debt Trades at 18% Discount
EAST WEST MANUFACTURING: $275MM Bank Debt Trades at 18% Discount
ELITE KIDS: Seeks Feb. 2, 2024 Extension to File Plan
GENESIS CARE: Deadline to File Proofs of Claim Set for Sept. 29
GLOBAL TELLINK: $475MM Bank Debt Trades at 16% Discount
GREENPOINT ASSET: Hull Unsecureds' Recovery Hiked to 75% in Plan
IBIO INC: Agrees to Amend Warrants Exercise Price
ITTELLA INTERNATIONAL: Hires Fisher & Phillips as Special Counsel
JG FOOD: Seeks Extension for 21 More Days to File Plan
LORDSTOWN MOTORS: Sept. 5 Deadline Set for Panel Questionnaires
MALLINCKRODT PLC: Disclosures & Plan Hearing Set for Oct. 3
MANNA MADISON: Seeks to Hire Morrison Tenenbaum PLLC as Counsel
MAVENIR SYSTEMS: $145MM Bank Debt Trades at 23% Discount
MERCY HOSPITAL: U.S. Trustee Appoints 2 New Committee Members
NAPA MANAGEMENT: $610MM Bank Debt Trades at 24% Discount
NASHVILLE SENIOR CARE: U.S. Trustee Appoints Creditors' Committee
NCR CORP: S&P Affirms 'B+' ICR on Spin-Off Transaction
NOVAN INC: Hires Smith Anderson Blount as Corporate Counsel
OLAPLEX INC: $675MM Bank Debt Trades at 16% Discount
ORCHARD TRAILS: Seeks to Hire Associates as Attorney
PECF USS INTERMEDIATE: $2BB Bank Debt Trades at 18% Discount
POLK AZ: Hires R.O.I. Properties, LLC as Real Estate Broker
POWER BRANDS: U.S. Trustee Appoints Creditors' Committee
POWER STOP: $395MM Bank Debt Trades at 17% Discount
QAD REALTY: Hires Alfred Bruno of Ctre LLC as Real Estate Person
QST INGREDIENTS: Hires Wesler & Associates as Accountants
RANDAZZO'S CLAM: Oct. 3 Plan Confirmation Hearing Set
RETROVISION LLC: Taps Kerkman & Dunn as Bankruptcy Counsel
REVERE POWER: $445MM Bank Debt Trades at 16% Discount
ROWAN SAWDUST: Seeks to Sell Property to Truckworx for $95,000
SHERMAN/GRAYSON: Ombudsman Hires Klehr Harrison as Counsel
SLV GMBH: EUR397MM Bank Debt Trades at 16% Discount
STAT EMERGENCY: Seeks to Sell Properties to Corunna for $5,000
TEAM HEALTH: $1.59BB Bank Debt Trades at 19% Discount
TONY'S COURTYARD: U.S. Trustee Unable to Appoint Committee
US RENAL CARE: $1.25BB Bank Debt Trades at 49% Discount
USUGA MANAGEMENT: Property Sale Proceeds to Fund Plan
VALCOUR PACKAGING: $420MM Bank Debt Trades at 20% Discount
VESTTOO LTD: U.S. Trustee Appoints Creditors' Committee
VITAL ENERGY: S&P Places 'B' ICR on CreditWatch Negative
WE KICK BRASS: Unsecureds to Get $2K per Month for 60 Months
WESTERN DENTAL: $490MM Bank Debt Trades at 16% Discount
[^] Large Companies with Insolvent Balance Sheet
*********
1982 INVESTMENT: Rent Payments to Fund Plan
-------------------------------------------
1982 Investment LLC submitted a First Amended Disclosure Statement
in support of Debtor's Chapter 11 Plan of Reorganization.
In 2012, the Debtor purchased a vacant restaurant located at 1982
Street Road in Bensalem, Pennsylvania from Ali Elsayed Elbanna, an
individual who also held the mortgage on the property. The Debtor
then demolished the restaurant and built a new building with
leasable space for two restaurants. In 2022, two companies
associated with the Debtor's principal opened within the building
and lease that space from the Debtor.
Under the Plan, Class 2 consists of the claim of Estate of Ali
Elbanna. Debtor will make mortgage payments over 5 years, in equal
monthly installments of $10,379.18 beginning on the effective date,
30 days after confirmation. Class 2 is impaired.
General unsecured claims are not secured by property of the estate
and are not entitled to priority under Sec. 507(a) of the Code. No
such claims were timely filed.
The Debtor will fund the plan using monthly rent payments paid to
it by SOHO Ramen House Inc. and Teacups & Pearl Inc., which total
$12,000 each month.
Counsel for the Debtor:
Michael A. Cibik, Esq.
Michael I. Assad, Esq.
CIBIK LAW, P.C.
1500 Walnut Street, Suite 900
Philadelphia, PA 19102
Tel: (215) 735-1060
E-mail: mail@cibiklaw.com
A copy of the First Amended Disclosure Statement dated August 23,
2023, is available at https://tinyurl.ph/liKid from
PacerMonitor.com.
About 1982 Investment
1982 Investment LLC is a Single Asset Real Estate (as defined in 11
U.S.C. Sec. 101(518)).
1982 Investment filed a petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Pa. Case No. 22-13397) on Dec. 21,
2022. In the petition filed by Mark Allen, as manager, the Debtor
reported assets between $1 million and $10 million and liabilities
between $100,000 and $500,000.
The Debtor is represented by Michael A. Cibik, Esq. of Cibik Law,
P.C.
2836 WEST: Unsecureds Owed $225K Unimpaired in Sale Plan
--------------------------------------------------------
2836 West Realty LLC submitted a Third Modified Disclosure
Statement for its Chapter 11 Plan.
The Debtor's primary asset was the property located at 2836 West
19th Street, Brooklyn, New York (the "Property").
The Plan provides the allowed claims of creditors to be satisfied
from the proceeds received from the sale of the Debtor's Property.
The sale of the Property was approved by order of the Bankruptcy
Court dated September 26, 2022. The purchaser of the Property was
Isaak Badalov or an entity to be created by him, and the purchase
price was $623,000.00 plus a buyer's premium of $37,380.00. The
sale closed on November 3, 2022.
At closing of the sale of the Debtor's Property, the following was
paid:
(i) $5,196 on account of various ECB violations;
(ii) $18,293 on account of outstanding real estate taxes;
(iii) $31,722 on account of water charges – placed into escrow
with title company pending resolution of the Water Board Objection
(as defined below);
(iv) $41,271 on account of MTAG tax liens;
(v) $2,500 on account of judgments against Erwin Johnson (as
noted above Erwin Johnson is the sole owner of 2836 West 19th
Johnson LLC which owns 51% of the Debtor (held in escrow at title
company pending Erwin Johnson's provision of evidence demonstrating
that judgments are not on account of him);
(vi) $37,380 in the aggregate to Maltz Auctions and a co-broker,
which is the amount of the buyer's premium required pursuant to the
procedures approved by the Bankruptcy Court with regard to the sale
of the Property.
Under the Plan, Class 3 General Unsecured Claims total $225,000 and
unimpaired. Each holder of an Allowed General Unsecured Claim will
receive full payment in cash on the later of the Effective Date and
the date on which such General Unsecured Claim becomes an Allowed
Claim, or as soon as reasonably practical.
The dates and deadlines with respect to the Debtor's Plan and sale
of its property thereunder are:
* The deadline to file and serve any objection or response to
the Plan will be on September 19, 2023 at 5:00 p.m. (ET).
* The scheduled date and time for the commencement of the
hearing on confirmation of the Plan will be on September 26, 2023
at 11:00 a.m. (ET).
Counsel to the Debtor:
Eric H. Horn, Esq.
Heike M. Vogel, Esq.
A.Y. STRAUSS LLC
101 Eisenhower Parkway, STE 412
New York, NY 10018
Tel: (973) 287-5006
Fax: (646)374-3020
A copy of the Third Modified Disclosure Statement dated August 23,
2023, is available at https://tinyurl.ph/whkTn from
PacerMonitor.com.
About 2836 West Realty
2836 West Realty LLC filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No.
20-42297) on June 10, 2020, listing as much as $1 million in both
assets and liabilities. The Hon. Nancy Hershey Lord is the case
judge. Eric H. Horn, Esq., at A.Y. Strauss LLC, serves as the
Debtor's legal counsel.
8607 WURZBACH: Case Summary & Nine Unsecured Creditors
------------------------------------------------------
Debtor: 8607 Wurzbach Management, L.P.
8607 Wurzbach Rd., Bldg. R, Suite 150
San Antonio, TX 78240
Business Description: 8607 Wurzbach is a Single Asset Real Estate
debtor (as defined in 11 U.S.C. Section
101(51B)).
Chapter 11 Petition Date: September 4, 2023
Court: United States Bankruptcy Court
Western District of Texas
Case No.: 23-51208
Judge: Hon. Michael M. Parker
Debtor's Counsel: H. Anthony Hervol, Esq.
LAW OFFICES OF H. ANTHONY HERVOL
22211 IH-10 West, Suite 1206-168
San Antonio, TX 78257
Tel: (210) 5222-9500
Email: hervol@sbcglobal.net
Estimated Assets: $1 million to $10 million
Estimated Liabilities: $500,000 to $1 million
The petition was signed by Savitri Frizzell as president of 8607
Wurzbach Corporation, general partner.
A full-text copy of the petition containing, among other items, a
list of the Debtor's nine unsecured creditors is available for free
at PacerMonitor.com at:
https://www.pacermonitor.com/view/A6D7SKQ/8607_Wurzbach_Management_LP__txwbke-23-51208__0001.0.pdf?mcid=tGE4TAMA
9TH & 10TH STREET: NYC Says Plan Disclosures Inadequate
-------------------------------------------------------
The City of New York filed a limited objection to approval of the
9TH & 10TH Street, L.L.C.'s Amended Disclosure Statement dated July
28, 2023 in support of its Second Amended Plan, respectfully
states:
The City points out that while the Plan provides for payment in
full of the City's real property taxes, currently in excess of $1
million, with interest accruing, there are pending charges for
emergency work performed by contractors for the City.
The City further points out that the Disclosure Statement should
clarify how the Plan intends to treat these pending charges for
work which has already been performed.
The City points out that the Plan should also clarify that the
Property, to the extent refinanced or sold, is subject to
government rules and regulations, zoning restrictions of record,
deed restrictions on use, violations, a full vacate order due to
conditions at the property, and landmark designation.
According to the City, the Debtor bought the property from the City
by auction in 1999. The recorded deed to the Property makes clear
that the Property is restricted to "Community Facility Uses" as
defined by the New York City Zoning Resolution at the time of the
auction, and cannot be changed by zoning variance or any subsequent
amendments to said zoning resolution. Such restriction as set forth
in the deed runs with the land.
The City asserts that the sale of property in bankruptcy are
subject to laws restricting use and deed restrictions. In re 51-53
West 129th Street HDFC, Inc. 475 B.R. 391, 399 (Bankr. SDNY 2012).
The Disclosure Statement and Plan should make it clear that any
sale of the Property, and any mortgage, would be subject to the use
restrictions, vacate order, landmarking, and any violations and
other federal, state and local laws.
Attorney for City of New York:
Sylvia Hinds-radix, Esq.
Corporation Counsel, City of New York
By: Hugh Shull (HS-0236)
100 Church Street, Room 5-233
New York, NY 10007
Tel: (212) 356-2138
E-mail: hughs@law.nyc.gov
About 9th & 10th Street
9th & 10th Street LLC is a single asset real estate as defined in
11 U.S.C. Section 101(51B).
9th & 10th Street filed a petition for relief under Chapter 11 of
the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 23-10423) on March
21, 2023, with $100 million to $500 million in both assets and
liabilities. The petition was signed by Gregg Singer, president of
Sing Fina Corp., manager of the Debtor.
Judge David S. Jones oversees the case.
The Debtor tapped Erica Feynman Aisner, Esq. at Kirby Aisner &
Curley, LLP as bankruptcy counsel and HayesSchanzer, LLP, as
special litigation counsel.
9TH & 10TH: Seeks to Hire Hilco Real Estate Professionals
---------------------------------------------------------
9th & 10th Street, L.L.C. seeks approval from the U.S. Bankruptcy
Court for the Southern District of New York to employ Hilco Real
Estate, LLC as real estate professionals.
The firm's services include:
a. meeting with the Debtor to ascertain the Debtor's goals,
objectives and financial parameters in financing and selling the
Debtor's real property located at 605 East 9th Street, New York,
NY;
b. soliciting interested parties for the financing and/ or
sale of the Property, and marketing the Property for sale through
an accelerated sales process. Marketing for the auction; and
c. negotiating the terms of the sale of the Properties.
The firm will be paid at the rate of 1.5 percent of the gross sale
Proceeds.
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Sarah Baker, a partner at Hilco Real Estate, LLC, 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:
Sarah Baker
Hilco Real Estate, LLC
5 Revere Drive, Suite 206,
Northbrook, IL 60062
Email: sbaker@hilcoglobal.com
About 9th & 10th Street
9th & 10th Street LLC is a single asset real estate as defined in
11 U.S.C. Section 101(51B).
9th & 10th Street filed a petition for relief under Chapter 11 of
the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 23-10423) on March
21, 2023, with $100 million to $500 million in both assets and
liabilities. The petition was signed by Gregg Singer, president of
Sing Fina Corp., manager of the Debtor.
Judge David S. Jones oversees the case.
The Debtor tapped Erica Feynman Aisner, Esq. at Kirby Aisner &
Curley, LLP as bankruptcy counsel and HayesSchanzer, LLP, as
special litigation counsel.
ACCELERATED HEALTH: $875MM Bank Debt Trades at 17% Discount
-----------------------------------------------------------
Participations in a syndicated loan under which Accelerated Health
Systems LLC is a borrower were trading in the secondary market
around 82.8 cents-on-the-dollar during the week ended Friday,
September 1, 2023, according to Bloomberg's Evaluated Pricing
service data.
The $875 million facility is a Term loan that is scheduled to
mature on February 15, 2029. The amount is fully drawn and
outstanding.
Accelerated Health Systems, LLC provides healthcare services. The
Company offers athletic training, physical therapy, occupational
therapy, and fitness services to affiliations including high
schools, colleges, and many professional sports teams.
AEMETIS INC: Revises Notification Requirements for Nominations
--------------------------------------------------------------
The Board of Directors of Aemetis, Inc. disclosed in a Form 8-K
filed with the Securities and Exchange Commission that it approved
amendments to the Company's Bylaws, effective immediately. The
amendments revise Article II, Section 2.2 and Article III, Section
3.1 of the Bylaws with respect to the notification and other
requirements for nominations of directors and solicitations of
proxies by stockholders of the Company to be consistent with the
provisions of Rule 14a-19 (17 CFR Section 240a-19) which were
recently promulgated under the Securities Exchange Act of 1934, as
amended ("Rule 14a-19"). The changes to the Bylaws include, but
are not limited to, clarifying:
(a) that a stockholder's notice to the Secretary of the Company
shall include solicitations for proxies subject to Rule 14a-19;
and,
(b) that in order for a stockholder to nominate a director to
the Board, the stockholder must:
(i) provide a written statement that the nominating
stockholder intends to solicit holders of at least 67% of the
voting power of the Company's outstanding capital stock entitled to
vote on the election;
(ii) notify the Secretary of the Company in writing if
such information provided by the stockholder regarding a nomination
is inaccurate or changed;
(iii) only solicit proxies in support of director nominees
other than those nominated by the Board if the stockholder complies
with Rule 14a-19 in connection with such solicitation (and any
failure to do so shall cause such stockholder's nomination and any
solicited proxies to be disregarded by the Company); and,
(iv) use a proxy card that is any color other than white,
which shall be reserved for exclusive use by the Board.
About Aemetis
Headquartered in Cupertino, California, Aemetis, Inc. --
http://www.aemetis.com-- is an international renewable natural
gas, renewable fuels and byproducts company focused on the
acquisition, development and commercialization of innovative
technologies that replace traditional petroleum-based products. The
Company operates in two reportable geographic segments: "North
America" and "India."
Aemetis reported a net loss of $107.76 million for the year ended
Dec. 31, 2022, compared to a net loss of $47.15 million for the
year ended Dec. 31, 2021. As of March 31, 2023, the Company had
$210.38 million in total assets, $103.63 million in total current
liabilities, $329.17 million in total long-term liabilities, and a
total stockholders' deficit of $222.42 million.
"As a result of negative capital, negative market conditions
resulting in prolonged idling of the Keyes Plant, negative
operating results, and collateralization of substantially all of
the company assets, the Company has been reliant on its senior
secured lender to provide additional funding and has been required
to remit substantially all excess cash from operations to the
senior secured lender. In order to meet its obligations during the
next twelve months, the Company will need to either refinance the
Company's debt or receive the continued cooperation of its senior
lender. This dependence on the senior lender raises substantial
doubt about the Company's ability to continue as a going concern.
The Company plans to pursue the following strategies to improve the
course of the business," the Company said in its Form 10-Q for the
period ended June 30, 2023, filed with the Securities and Exchange
Commission.
AEROFARMS INC: Seeks to Hire CohnReznick LLP as Financial Advisor
-----------------------------------------------------------------
AeroFarms, Inc. and its affiliates seek approval from the U.S.
Bankruptcy Court for the District of Delaware to employ
CohnReznick, LLP.
The Debtors require a financial advisor to:
(a) Assist in preparing monthly operating reports as required
by the U.S. Trustee for the District of Delaware;
(b) Advise and analyze with respect to all other related
matters to support the sale of the Debtors' assets;
(c) Assist the Debtors with information and analysis required
pursuant to their cash collateral and debtor-in-possession (DIP)
financing arrangements;
(d) Assist the Debtors in the preparation of financial
statements and other reports as may be required by the court or
under the U.S. Trustee Guidelines;
(e) Assist the Debtors in the wind-down of the bankruptcy
estates; and
(f) Render other financial advisory services.
The hourly rates of the firm's professionals are as follows:
Partners/Principals $875 - $1,250
Managing Directors/Directors $650 - $995
Senior Managers/Managers $545 - $850
Seniors/Associate Staff $385 - $675
Paraprofessionals $245 - $350
In addition, the firm will seek reimbursement for expenses
incurred.
Kevin Clancy, a partner at CohnReznick, disclosed in a court filing
that his firm is a "disinterested person" as that term is defined
in Section 101(14) of the Bankruptcy Code.
The firm can be reached through:
Kevin P. Clancy
CohnReznick, LLP
14 Sylvan Way
Parsippany, NJ 07054
Telephone: (732) 672-0874
Email: benglander@wtplaw.com
About AeroFarms Inc.
AeroFarms, Inc. is engaged in large-scale commercial indoor
vertical farming, using proprietary aeroponic technology to grow
differentiated leafy greens products while using up to 95 percent
less water and zero pesticides. AeroFarms operates two commercial
farms, which are located in Danville, Virginia and Newark, New
Jersey, where they also have their Company headquarters.
AeroFarms and affiliates sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 23-10737) on
June 8, 2023. In the petition signed by Guy Blanchard, president
and CEO, the Debtor disclosed up to $500 million in assets and up
to $100 million in liabilities.
Judge Mary F. Walrath oversees the case.
The Debtors tapped DLA Piper LLP (US) as general bankruptcy
counsel; CloudPoint Capital LLC as investment banker; ICR, LLC as
communications and consulting services provider; and CohnReznick
LLP as financial advisor. Omni Agent Solutions is the notice and
claims agent.
The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. Fox
Rothschild, LLP and Dundon Advisers, LLC, serve as the committee's
legal counsel and financial advisor, respectively.
AJC MEDICAL: Bankruptcy Administrator Unable to Appoint Committee
-----------------------------------------------------------------
The U.S. Bankruptcy Administrator for the Eastern District of North
Carolina disclosed in a filing that no official committee of
unsecured creditors has been appointed in the Chapter 11 case of
AJC Medical, PLLC.
About AJC Medical
AJC Medical, PLLC specializes in laser technology used for various
cosmetic concerns, unwanted hair, spider veins, and nail fungus. It
is based in Raleigh, N.C.
AJC Medical filed its voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. E.D.N.C. Case No. 23-02119) on
July 28, 2023, with $100,000 to $500,000 in assets and $1 million
to $10 million in liabilities.
Judge Pamela W. Mcafee oversees the case.
Kathleen O'Malley, Esq., at Stevens Martin Vaughn & Tadych, PLLC,
represents the Debtor as legal counsel.
ALECTO HEALTHCARE: Hires Morris James LLP as Counsel
----------------------------------------------------
Alecto Healthcare Services LLC seeks approval from the U.S.
Bankruptcy Court for the District of Delaware to employ Morris
James LLP as counsel.
The firm will provide these services:
a. give legal advice with respect to the Debtor's powers and
duties as debtor in possession in the continued operation of their
business, management of their properties and related matters;
b. prepare and pursue confirmation of a plan and approval of
disclosure statement;
c. prepare necessary applications, motions, answers, orders,
reports and other legal papers on behalf of the Debtor;
d. appear in Court and protecting the interests of the Debtor
before the Court; and
e. perform all other legal services for the Debtor that may be
necessary and proper in these proceedings.
The firm will be paid at these rates:
Jeffrey R. Waxman, Partner $850 per hour
Brya M. Keilson, Partner $750 per hour
Christopher M. Donnelly, Law Clerk $375 per hour
Stephanie Lisko, Paralegal $350 per hour
Douglas Depta, Paralegal $350 per hour
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Brya M. Keilson, Esq., a partner at Morris James LLP, 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:
Brya M. Keilson, Esq.
Morris James LLP
500 Delaware Avenue, Suite 1500
Wilmington, DE 19801
Tel: (302) 888-6800
About Alecto Healthcare Services LLC
Alecto Healthcare Services, LLC is a provider of healthcare
infrastructure services based in Glendale Calif.
Alecto Healthcare Services filed Chapter 11 petition (Bankr. D.
Del. Case No. 23-10787) on June 16, 2023, with $1 million to $10
million in assets and $50 million to $100 million in liabilities.
Jami Nimeroff, Esq., at Brown McGarry Nimeroff, LLC has been
appointed as Subchapter V trustee.
Judge Kate Stickles oversees the case.
Leonard M. Shulman, Esq., at Shulman Bastian Friedman & Bui, LLP
and The Rosner Law Group, LLC serve as the Debtor's bankruptcy
counsel and Delaware counsel, respectively.
ANTHONY'S 31: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The U.S. Trustee for Region 15 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Anthony's 31 Courtyard, LLC.
About Anthony's 31 Courtyard
Anthony's 31 Courtyard, LLC, a company in La Mesa, Calif., filed
Chapter 11 petition (Bankr. S.D. Calif. Case No. 23-02292) on Aug.
2, 2023, with $1 million to $10 million in both assets and
liabilities. Judge Margaret M. Mann oversees the case.
The Debtor is represented by the Law Offices of Quintin G. Shammam.
APPHARVEST PRODUCTS: Seeks to Tap Jackson Walker as Local Counsel
-----------------------------------------------------------------
AppHarvest Products, LLC and its affiliates seek approval from the
U.S. Bankruptcy Court for the Southern District of Texas to employ
Jackson Walker, LLP.
The Debtors require a local and conflicts counsel to:
(a) provide legal advice regarding local rules, practices, and
procedures, including Fifth Circuit law;
(b) provide certain services in connection with the
administration of the Debtors' Chapter 11 cases;
(c) review and comment on proposed drafts of pleadings to be
filed with the bankruptcy court;
(d) at the request of the Debtors, appear in court and at any
meeting with the Office of the U.S. Trustee, and any meeting of
creditors at any given time;
(e) perform all other services assigned by the Debtors to the
firm as bankruptcy local and conflicts co-counsel; and
(f) provide legal advice and services on any matter on which
Sidley Austin, LLP, the Debtors' lead bankruptcy counsel, may have
a conflict or as needed based on specialization.
The hourly rates of Jackson Walker's counsel and staff are as
follows:
Partners $750 - $1,045
Associates $535 - $750
Paraprofessionals $230 - $250
In addition, the firm will seek reimbursement for expenses
incurred.
The Debtors paid a retainer to the firm in the amount of $350,000.
As of the petition date, the balance of the retainer was $286,113.
Jackson Walker provided the following in response to the request
for additional information set forth in Paragraph D.1 of the U.S.
Trustee Fee Guidelines.
Question: Did the firm agree to any variations from, or
alternatives to, the firm's standard billing arrangements for this
engagement?
Answer: No. The firm and the Debtors have not agreed to any
variations from, or alternatives to, the firm's standard billing
arrangements for this engagement. The rate structure provided by
the firm is appropriate and is not significantly different from (a)
the rates that the Debtors charge for other non-bankruptcy
representatives or (b) the rates of other comparably skilled
professionals.
Question: Do any of the firm professionals in this engagement
vary their rate based on the geographical location of the Debtors'
Chapter 11 cases?
Answer: No. The hourly rates used by the firm in representing the
Debtors are consistent with the rates that the firm charges other
comparable Chapter 11 clients, regardless of the location of the
Chapter 11 case.
Question: If the firm has represented the Debtors in the 12
months prepetition, disclose the firm's billing rates and material
financial terms for the prepetition engagement, including any
adjustments during the 12 months prepetition. If the firm's billing
rates and material financial terms have changed post-petition,
explain the difference and the reasons for the difference.
Answer: My hourly rate is $1,045. The rates of all attorneys in
the firm range from $475 to $1,650 an hour and the paraprofessional
rates range from $230 to $425 per hour. The rates of attorneys in
the firm's restructuring practice group range from $475 to $1,075
an hour and the paraprofessional rates range from $230 to $250 an
hour. The firm's current hourly rates applicable to attorneys who
are or may be responsible for the work that the firm will perform
are $535 to $1,045 an hour and the paraprofessional rates range
from $230 to $250 an hour. The firm represented the Debtors during
the weeks immediately before the petition date, using the foregoing
hourly rates.
Question: Have the Debtors approved the firm's budget and
staffing plan, and if so, for what budget period?
Answer: The firm has not prepared a budget and staffing plan.
Matthew Cavenaugh, Esq., a partner at Jackson Walker, disclosed in
a court filing that his firm is a "disinterested person" as that
term is defined in Section 101(14) of the Bankruptcy Code.
The firm can be reached through:
Matthew D. Cavenaugh, Esq.
Jackson Walker, LLP
1401 McKinney Street, Suite 1900
Houston, TX 77010
Telephone: (713) 752-4200
Facsimile: (713) 752-4221
Email: mcavenaugh@jw.com
About AppHarvest Products
AppHarvest Products, LLC and affiliates are a sustainable food
company founded as a public benefits corporation and based in
Appalachia that develop and operate some of the world's largest
high-tech indoor farms, all of which use robotics and artificial
intelligence to build a reliable, climate-resilient food system.
The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 23-90745) on July
23, 2023. In the petition signed by Gary Broadbent, chief
restructuring officer, AppHarvest, Inc. disclosed $609,804,000 in
assets and $341,060,000 in liabilities.
Judge David R. Jones oversees the case.
The Debtors tapped Sidley Austin, LLP as general bankruptcy
counsel; Jackson Walker, LLP as local bankruptcy counsel and
conflicts counsel; Triple P RTS, LLC as financial advisor;
Jefferies, LLC as investment banker, and Stretto, Inc. as claims
agent.
The DIP Lender is represented by Rusty Brewer, Esq., at Amis, Patel
& Brewer, LLP.
APPLOVIN CORP: S&P Ups ICR to 'BB' on Lower Leverage Expectations
-----------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on
performance-based marketing provider and mobile game developer
AppLovin Corp. to 'BB' from 'BB-'. S&P's outlook is positive.
The positive outlook reflects the potential for a higher rating if
AppLovin continues to increase EBITDA and S&P believes the company
is committed to maintaining S&P Global Ratings-adjusted leverage
below 3x.
S&P said, "We believe AppLovin could operate with a more
conservative financial policy. AppLovin had S&P Global
Ratings-adjusted net leverage of 2.4x as of June 30, 2023. We
believe recent events might suggest the company intends to operate
with lower leverage. In particular, KKR has steadily reduced its
position in AppLovin, selling about 56 million shares of Class A
common stock in the last four months. We believe it could further
reduce its position over time (it bought its stake in 2018).
AppLovin recently paid down about $250 million of debt in
conjunction with refinancing one of its term loans. We also believe
there is a lack of sizable merger and acquisition targets that
could materially increase leverage. Instead, we believe AppLovin
will continue to primarily utilize cash flow for shareholder
returns, having repurchased over $1.15 billion of stock this year.
"We expect Axon 2, the latest iteration of the company's ad tech
platform, will drive continued strong revenue growth in the
company's software segment. Axon 2 was launched late in the second
quarter of 2023. This quickly accelerated software segment revenue
growth, which increased nearly 28% year over year and 14.5%
relative to the first quarter of 2023. We believe it will generate
40%-50% year-over-year segment growth in the third quarter,
benefiting from the first full quarter using Axon 2 and continued
improvements as the technology learns and self-iterates. For the
full year, we expect the software segment to expand over 30%
(adjusting for one-time items in 2022). AppLovin will also benefit
from a revenue mix shift toward software, which has
company-adjusted EBITDA margins of 65% compared to 16% in the app
segment.
"The positive outlook reflects the potential for a higher rating if
AppLovin continues to increase EBITDA and we believe the company is
committed to maintaining S&P Global Ratings-adjusted leverage below
3x."
S&P could raise the rating on AppLovin if it believes the company's
financial policy will support S&P Global Ratings-adjusted leverage
below 3x, including potential acquisitions and share repurchases.
This could occur if:
-- The company establishes and commits to a public leverage target
that coincides with S&P Global Ratings-adjusted leverage below 3x;
and
-- The launch of Axon 2 continues to drive strong growth in the
software segment.
S&P could revise the outlook to stable if it expects AppLovin to
increase leverage over 3x. This could occur if:
-- The company pursues large, debt-funded acquisitions or
shareholder returns; or
-- Organic revenue expansion stalls due to macroeconomic
headwinds, increased competition, or privacy changes and
profitability declines.
S&P said, "Social factors are a moderately negative consideration
in our credit rating analysis of AppLovin. While we believe the
company was better positioned than some of its peers to withstand
the effects of Apple's identifier for advertisers change in 2021,
given its emphasis on first-party data, the evolving digital
privacy landscape and other possible privacy mandates in the mobile
industry could limit the expansion of its advertising revenue.
Governance factors are also a moderately negative consideration
because most of the voting power rests with the CEO, CFO, and KKR,
which could lead to decision-making that prioritizes the interests
of controlling owners."
ARRAY TECHNOLOGIES: S&P Upgrades ICR to 'B+', Outlook Stable
------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Array
Technologies Inc. to 'B+' from 'B'. At the same time, S&P raised
the issue-level rating on Array's senior secured debt to 'BB-' from
'B+'. The recovery rating remains '2'. The convertible notes are
not rated.
The stable outlook reflects S&P's forecast for continued solid
demand and stable EBITDA margins, translating to S&P Global
Ratings-adjusted leverage in the mid-3x area or lower, and good
cash flow generation over the next 12-24 months.
S&P Said, "The upgrade reflects our forecast for S&P Global
Ratings-adjusted leverage to remain solidly under 5x. Array's S&P
Global Ratings-adjusted leverage decreased to 3.4x as of June 30,
2023, from 9.5x as of Dec. 31, 2022, as strong revenue and EBITDA
margin growth in the first half of this year drove higher
year-over-year S&P Global Ratings-adjusted EBITDA. Our forecast for
adjusted leverage incorporates our expectation for S&P Global
Ratings-adjusted EBITDA margin to be maintained at 15.9% for
full-year 2023, at the same level as the trailing 12-month (TTM)
June 30, 2023 period, which compares to S&P Global Ratings-adjusted
EBITDA margin of 6.2% in 2022. Array's margin improvement is
attributed to operational improvements, easing supply chain
challenges, and improved pricing. We believe Array can maintain its
current margins in part because of structural changes made in the
past several quarters to the company's pricing strategy to reduce
exposure to future increases in commodity costs, as well as
cost-reduction actions.
"Furthermore, notwithstanding our forecast for revenue in the
second half of 2023 to decline year over year because of the timing
of projects (which we assume will be realized in 2024), we believe
Array's revenue will benefit over the next several quarters from
continued growth in solar projects, as well as new tracker products
at scale like the OmniTrack and STI H250, which have the potential
to expand Array's addressable market while retaining pricing and
the strong margin contributions of the company's flagship DuraTrack
product. Array's revenue may also benefit, although to a lesser
extent, from revenues of higher-margin non-tracker offerings.
"Long-term demand trends remain strong despite ongoing near-term
uncertainties and possible lumpiness. Solar industry growth trends
remain fundamentally strong, with solar representing about 3% of
global electric generation in 2023 and growing to 6% by 2027. We
believe Array, with a dominant market share of single-axis
trackers, will benefit from its position in the market and
continued demand for its products. We expect the Inflation
Reduction Act (IRA) will lead to solid revenue growth in the next
few years given the expected tax incentives that should benefit
Array's customers. Furthermore, the long-term tailwind from the $1
trillion U.S. Infrastructure Investment and Jobs Act (IIJA) will
boost demand for Array's products and services over the long run,
although the exact timing is uncertain.
"We anticipate, however, that over the next few years, Array will
face modest levels of continued volatility in revenue and EBITDA.
This is due to the impacts on Array's customers of regulatory
obstacles such as clarity around the 45X manufacturing incentives,
and investigative matters, notably, compliance with and enforcement
of the Uyghur Forced Labor Prevention Act (UFLPA), and a repeal of
a moratorium on antidumping and countervailing duties (AD/CVD)
relating to a USDOC investigation of solar modules that could occur
as early as June 2024. These uncertainties drive the potential for
project delays or cancellations if incentives or duties make
projects less economical for Array's customers. Given limited
clarity around timing and scale, we have not incorporated any
potential direct benefit from the 45x manufacturing incentive into
our forecast, nor have we incorporated any negative impact of a
potential June 2024 repeal of the AD/CVD moratorium. Nevertheless,
we believe there is sufficient cushion, relative to our 5x
downgrade threshold for Array at the current rating, for it to
absorb modest levels of EBITDA declines through 2024.
"Under our forecast, Array will generate good levels of free
operating cash flow (FOCF) and have adequate liquidity to fund
operations and growth. The company's free operating cash flow
(FOCF) significantly improved in the first half of 2023 compared to
the first half of 2022, reflecting higher EBITDA and reduced
working capital outflows. We forecast full-year unadjusted FOCF of
$115 million to $135 million in 2023, a similar range to FOCF of
$119 million in 2022. This is because although we're forecasting
higher EBITDA this year, we expect incremental investments in
working capital and capital expenditures (capex) in the second half
of the year to support growth. FOCF should be sufficient to fund
required debt repayments and build further liquidity cushion, in
addition to the $156 million in cash and full availability of its
$200 million revolver as of June 30, 2023.
"The stable outlook reflects our forecast for continued solid
demand and stable EBITDA margins, translating to S&P Global
Ratings-adjusted leverage in the mid-3x area or lower, and good
cash flow generation over the next 12-24 months.
"We could lower the ratings on Array if we expect the company's S&P
Global Ratings-adjusted debt leverage would be maintained above 5x,
and if the company is unable to demonstrate a consistent track
record of FOCF/debt above 10%."
This could occur if:
-- Project delays due to a lack of regulatory clarity, module
availability, permitting backlogs, or other factors postpone the
realization of revenue and earnings, or
-- The company experiences significant setbacks in gross margin
from recent improvements, possibly due to sustained, increased
input costs.
While unlikely within the next year or so, S&P could raise its
ratings on Array if the company's adjusted debt leverage is
sustained under 4x and it demonstrates a track record of stable
earnings and consistent positive FOCF at scale.
This could occur if:
-- Deleveraging continues, due to strong earnings growth and a
continued commitment to debt repayment;
-- Product diversity translates into volume growth, sustained
pricing levels, and higher EBITDA; and
-- The risk of project delays dissipates.
ARTISTS IN MOTION: Seeks to Tap Kasen & Kasen as Bankruptcy Counsel
-------------------------------------------------------------------
Artists in Motion Dance Studio, LLC seeks approval from the U.S.
Bankruptcy Court for the District of New Jersey to employ Kasen &
Kasen, PC to handle its Chapter 11 case.
The hourly rates of the firm's attorneys are as follows:
David A. Kasen, Esq. $500
Jenny R. Kasen, Esq. $400
David Kasen, Esq., an attorney at Kasen & Kasen, disclosed in a
court filing that he is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code.
The firm can be reached through:
David A. Kasen, Esq.
Kasen & Kasen, PC
Society Hill Office Park
1874 E. Marlton Pike, Suite 3
Cherry Hill, NJ 08003
Telephone (856) 424-4144
Facsimile (856) 424-7565
Email: dkasen@kasenlaw.com
About Artists in Motion Dance Studio
Artists in Motion Dance Studio, LLC sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 23-17203) on
Aug. 21, 2023, with as much as $1 million in both assets and
liabilities. Michele Wolf, member, signed the petition.
David A. Kasen, Esq., at Kasen & Kasen, PC serves as the Debtor's
counsel.
ASP LS ACQUISITION: $455MM Bank Debt Trades at 21% Discount
-----------------------------------------------------------
Participations in a syndicated loan under which ASP LS Acquisition
Corp is a borrower were trading in the secondary market around 79.2
cents-on-the-dollar during the week ended Friday, September 1,
2023, according to Bloomberg's Evaluated Pricing service data.
The $455 million facility is a Term loan that is scheduled to
mature on May 7, 2029. The amount is fully drawn and outstanding.
ASP LS Acquisition Corp. was formed to effectuate the acquisition
of Laser Ship, Inc. by the private equity firm American Securities
LLC.
BENFIELD REAL: Case Summary & Six Unsecured Creditors
-----------------------------------------------------
Debtor: Benfield Real Estate, LLC
3343 Highline Trail
San Antonio, TX 78261
Business Description: The Debtor is engaged in activities related
to real estate.
Chapter 11 Petition Date: September 4, 2023
Court: United States Bankruptcy Court
Western District of Texas
Case No.: 23-51209
Judge: Hon. Craig A. Gargotta
Debtor's Counsel: H. Anthony Hervol, Esq.
LAW OFFICE OF H. ANTHONY HERVOL
22211 IH-10 West, Suite 1206-168
San Antonio, TX 7825
Tel: (210) 522-9500
Fax: (210) 522-0205
Email: hervol@sbcglobal.net
Estimated Assets: $1 million to $10 million
Estimated Liabilities: $1 million to $10 million
The petition was signed by James F. Benfield as member.
A full-text copy of the petition containing, among other items, a
list of the Debtor's six unsecured creditors is available for free
at PacerMonitor.com at:
https://www.pacermonitor.com/view/DRMZ77I/Benfield_Real_Estate_LLC__txwbke-23-51209__0001.0.pdf?mcid=tGE4TAMA
BIJOU HILL: Freedom Supply Appointed as New Committee Member
------------------------------------------------------------
The U.S. Trustee for Region 19 appointed Freedom Supply, LLC as new
member of the official committee of unsecured creditors in the
Chapter 11 case of Bijou Hill Dairy, Inc.
As of Aug. 31, the members of the committee are:
1. Keith Bath Farms
c/o Andrew B. Edson
16134 CR 23
Ft. Morgan, CO 80701
Tel: (970) 867-6882
Email: andye@Bath Farms.com
2. Quality Liquid Feeds, Inc.
c/o Brent Molldrem
P.O. Box 240
Dodgeville, WI 53533
Tel: (608) 935-2345
Email: brent@QLF.com
3. Freedom Supply, LLC
c/o Jeff M. Wilkerson
P.O. Box 134
276716 W. Broncho Rd.
Marlow, OK 73055
Tel: (405) 818-5315
Email: jeff.wilkerson@freedomsupplydairy.com
About Bijou Hill Dairy
Bijou Hill Dairy, Inc. sought Chapter 11 bankruptcy protection
(Bankr. D. Colo. Case No. 23-13238) on July 21, 2023, with
$3,650,705 in total assets and $4,486,904 in total liabilities.
Larry Pearson, president, signed the petition.
Judge Michael E. Romero oversees the case.
Allen Vellone Wolf Helfrich & Factor PC serves as the Debtor's
legal counsel.
The U.S. Trustee for Region 19 appointed an official committee to
represent unsecured creditors in the Debtor's Chapter 11 case. The
committee is represented by Wadsworth Garber Warner Conrardy, P.C.
BRICKCHURCH ENTERPRISES:Objection to Misplaced Proposed Foreclosure
-------------------------------------------------------------------
Plan Proponent Bay Point Capital Partners II, LP, filed a response
to the Debtor's objection and reservation of rights to Disclosure
Statement for Bay Point Capital Partners II, LP's Proposed First
Amended Plan of Liquidation of Brickchurch Enterprises, Inc., under
Chapter 11 of the Bankruptcy Code.
As a threshold matter, Bay Point disputes that the objection was
authorized by the duly appointed officer and/or director of Debtor
Brickchurch Enterprises, Inc. ("Debtor"). As the Court is aware,
Bay Point exercised certain rights under the DIP Loan Documents to
remove and replace Debtor's former officer(s) and director(s). Bay
Point Motion to Dismiss. It is the Bay Point's understanding and
belief that Debtor's new officer/director, as appointed by Bay
Point, did not authorize the filing of the Objection. As such,
Debtor's Objection can be overruled on that basis. However, out of
an abundance of caution and transparency, and with a compete
reservation of rights with respect to the duly authorized officer
and director of Debtor, Bay Point will address the specific
objections raised in the Objection.
As a second threshold issue, the Debtor's Objection prematurely
raises numerous issues related to plan confirmation, but it doesn't
raise a single issue as to whether the Proposed Disclosure
Statement provides "adequate information so that an informed
determination can be made whether to accept or reject a
reorganizational plan". As such, the Debtor faces the heavy burden
of establishing that the Proposed Plan is "patently unconfirmable
on its face." The Debtor falls far short of meeting this high
standard.
Bay Point points out that the inclusion of a contingency clause in
the proposed plan is not a basis to refuse approval of a disclosure
statement. The Debtor's first argument is that the Disclosure
Statement cannot be approved because the Proposed Plan has a
"possibility of failure.". The "possibility of failure" is far
short of "patently unconfirmable on its face.". For that reason
alone, Debtor's objection on this ground should be overruled.
Moreover, all plans have a potential of failure if some unforeseen
circumstance occurs. Bay Point's inclusion of direction on what
would occur if it failed to be deemed the winning bidder at the
Proposed Foreclosure Sale was a good faith attempt to be thorough
in planning for all potential variables in the Proposed Plan. Bay
Point was in no way suggesting that it thought that the Proposed
Plan would fail. In fact, Bay Point is unaware of any valuation for
the Aberdeen Property that would exceed Bay Point's secured debt.
As such, Bay Point fully anticipates that it will be the winning
bidder at the Proposed Foreclosure Sale.
Bay Point further points out that the separate classification of
Blouin's claim is not a basis for objection. The Debtor's second
objection shows that Blouin has been controlling and utilizing
Debtor (and Debtor's assets) solely for her own benefit. Why is the
Debtor concerned about the classification of Blouin's general
unsecured claim? Although the objection fails regardless of who
raises it, the fact that Debtor's counsel spent the time – and
estate money – to draft an objection for the benefit of Blouin in
her capacity as a general unsecured creditor is concerning. As to
the substance of Debtor/Blouin's objection, it is common practice
for the general unsecured claims of insiders to be separately
classified. This is particularly true when those claims dwarf the
other general unsecured claims and, thus, can be used by an insider
to control the bankruptcy plan process to the detriment of general
unsecured claims and for the benefit of the insider's equity
interest.
Bay Point asserts that the debtor's speculative objection to the
proposed foreclosure is misplaced. The Debtor objects to the
Proposed Plan on the grounds that it does not specify that Bay
Point will comply with New York foreclosure law. The Proposed Plan
does not seek to alter any rights of Aberdeen with respect to the
Proposed Foreclosure Sale. If, after the Proposed Foreclosure Sale,
Aberdeen has a basis for challenging the amount that should be
credited to the DIP Loan, Aberdeen will be free to assert that
challenge.6 Debtor's attempt to assert that challenge to deny the
approval of the Proposed Disclosure Statement is misplaced and
premature.
According to Bay Point, the Debtor's complaints regarding Bay
Point's post-closing actions lack merit. Although it doesn't
object to the Proposed Disclosure Statement on these grounds,
Debtor makes several unfounded and unwarranted accusations
regarding Bay Point's post-closing actions. Debtor's accusations
are misplaced, factually inaccurate, and contrary to the clear
terms of the DIP Loan Agreement and the DIP Order. However, out of
an abundance of caution, Bay Point provides the following initial
response, and reserves all of its rights with respect to these
issues (including the right to supplement the below) at the
appropriate time.
Counsel for Bay Point Capital Partners II, LP
John C. Allerding, Esq.
THOMPSON HINE LLP
3560 Lenox Road, Suite 1600
Tel: (404) 407-3676
Fax: (216) 566-5800
E-mail: John.Allerding@ThompsonHine.com
About Brickchurch Enterprises
Brickchurch Enterprises Inc. is the fee simple owner of a
residential single-family guest house which is part of a four-acre
residential ocean-front estate property compound. The property,
which is located at 366 Gin Lane Southampton, N.Y., has an
appraised value of $63 million.
Brickchurch sought Chapter 11 bankruptcy protection (Bankr.
E.D.N.Y. Case No. 22-70914) on May 1, 2022, listing $50 million to
$100 million in both assets and liabilities. Louise Blouin,
Brickchurch director, signed the petition.
The case is assigned to Judge Alan S. Trust.
Craig D. Robins, Esq., at the Law Offices of Craig D. Robins, is
the Debtor's counsel.
CAMECO TECHNOLOGIES: DS Fails to Disclose the Debtor's Obligations
------------------------------------------------------------------
The United States of America, Internal Revenue Service ("IRS")
filed objections to the Second Amended Disclosure Statement and to
confirmation of the Second Modified Chapter 11 Plan of
Reorganization proposed by Cameco Technologies, LLC.
The IRS objects to the Debtor's Disclosure Statement because it
fails to disclose the Debtor's obligations to remain current with
making monthly Federal Tax Deposits ("FTD") to the IRS and fails to
disclose that to date, the Debtor has been noncompliant with this
obligation.
The IRS has a claim of $121,473.55 in this case (Claim No. 7-2).
That claim includes a secured claim of $32,619.32, plus interest at
a variable rate (which was 6% when the case was filed) and a
priority claim of $52,054.16, both of which are for prepetition
debts. No objections to the IRS tax claims have been filed.
Accordingly, the claims are deemed allowed pursuant to 11 U.S.C. s
502(a).
However, the Plan does not provide for full payment of the IRS's
secured claim or priority claim, in particular, since the plan
provides that interest will "accrue at the rate of 5% per annum."
The IRS has not accepted the plan and, with respect to IRS's
secured claim, the plan does not explain how such treatment would
not be "less than the amount that [IRS] would so receive or retain
if the debtor were liquidated under chapter 7."
Accordingly, pursuant to 11 U.S.C. Sec. 1129(a)(7) and (9), the
plan cannot be confirmed. The IRS further objects to the plan
because the Debtor has failed to satisfy its burden that the plan
is feasible under 11 U.S.C. s 1129(a)(11). The plan does not
demonstrate a reasonable probability that it can achieve the
results projected in the plan.
The IRS further asserts that the Plan cannot be confirmed pursuant
to 11 U.S.C. Sec. 1190(c)(3). The plan is not fair and equitable
with respect to each class of claims or interests because the
Debtor has not shown "a reasonable likelihood that [it] will be
able to make all payments under the plan." The Debtor's
noncompliance with making its FTD regularly suggests it cannot meet
the terms of its plan and fulfill its ongoing obligations to the
IRS for payroll withholding taxes and other taxes that may become
due during the pendency of the plan. The plan also fails to provide
"appropriate remedies . . . to protect the holders of claims or
interests in the event that the payments are not made." Liquidation
is insufficient; dismissal under 11 U.S.C. Sec. 1112(b)(4)(I) is
warranted.
About Cameco Technologies
Cameco Technologies, LLC, is a Microsoft Registered refurbished
distributor of computer equipment.
Cameco Technologies sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Minn. Case No. 22-31938) on Nov. 23,
2022. In the petition signed by Serge Ngouambe, president, the
Debtor disclosed up to $500,000 in assets and up to $1 million in
liabilities.
Judge Katherine A. Constantine oversees the case.
Steven B. Nosek, Esq., at Steven B. Nosek, P.A., is the Debtor's
counsel.
CANOPY GROWTH: $750MM Bank Debt Trades at 15% Discount
------------------------------------------------------
Participations in a syndicated loan under which Canopy Growth Corp
is a borrower were trading in the secondary market around 85
cents-on-the-dollar during the week ended Friday, September 1,
2023, according to Bloomberg's Evaluated Pricing service data.
The $750 million facility is a Term loan that is scheduled to
mature on March 18, 2026. The amount is fully drawn and
outstanding.
Canopy Growth is a producer of medical marijuana. The Company's
group of brands represents distinct voices and market positions
designed to appeal to an array of customers, doctors and strategic
industry partners. The Company's country of domicile is Canada.
CARNIVAL PLC: $823MM Bank Debt Trades at 19% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Carnival PLC is a
borrower were trading in the secondary market around 81.5
cents-on-the-dollar during the week ended Friday, September 1,
2023, according to Bloomberg's Evaluated Pricing service data.
The $823 million facility is a Term loan that is scheduled to
mature on December 5, 2031. About $617 million of the loan is
withdrawn and outstanding.
Carnival PLC is a cruise operator based in Florida.
CARNIVAL PLC: EUR751.5MM Bank Debt Trades at 39% Discount
---------------------------------------------------------
Participations in a syndicated loan under which Carnival PLC is a
borrower were trading in the secondary market around 60.8
cents-on-the-dollar during the week ended Friday, September 1,
2023, according to Bloomberg's Evaluated Pricing service data.
The EUR751.5 million facility is a Term loan that is scheduled to
mature on October 9, 2032. About EUR599.1 million of the loan is
withdrawn and outstanding.
Carnival PLC is a cruise operator based in Florida.
CARNIVAL PLC: EUR755MM Bank Debt Trades at 38% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Carnival PLC is a
borrower were trading in the secondary market around 61.9
cents-on-the-dollar during the week ended Friday, September 1,
2023, according to Bloomberg's Evaluated Pricing service data.
The EUR755.5 million facility is a Term loan that is scheduled to
mature on December 17, 2032. About EUR630.8 million of the loan is
withdrawn and outstanding.
Carnival PLC is a cruise operator based in Florida.
CARVANA CO: S&P Downgrades ICR to 'D' on Distressed Exchange
------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S.-based
Carvana Co. to 'D' (default) from 'CC'. S&P also lowered its
issue-level rating on Carvana's senior unsecured debt to 'D' from
'C'.
The downgrade follows the completion of the distressed debt
restructuring. Carvana exchanged about $5.5 billion of senior
unsecured notes due 2025 through 2030 for about $4.2 billion of
senior secured notes due 2028 through 2031. S&P said, "We view the
exchange on all of the debt tranches as a distressed exchange
because swapping parties received less than originally promised and
had their maturities extended without adequate compensation.
Furthermore, holdouts of the exchange were primed by the new senior
secured notes. We believe the company conducted the transaction out
of distress rather than opportunistically due to its high interest
burden, minimal cash flow generation, and deteriorating liquidity
position."
S&P said, "Shortly following the completion of the distressed
exchange we intend to reevaluate our ratings on Carvana based on an
analysis of its new capital structure. Our analysis will continue
to capture the risks of the company's high debt load, weak earnings
profile, and potential likelihood of future distressed debt
restructurings.
"Environmental and social credit factors have no material influence
on our credit rating analysis on Carvana, as increased demand for
electrified vehicles will not have a significant impact on its
business model as an online retailer of used vehicles. The company
sells vehicles through its platform regardless of the propulsion
system, and we do not expect the potential adoption of electric
vehicles (new and used) to have a significant impact on demand for
used internal combustion engine vehicles for the next few years.
"Governance factors are a moderately negative consideration for our
ratings analysis as we view the controlling ownership by Carvana's
founders as demonstrating corporate decision-making that
prioritizes the interests of the controlling owners over other
shareholders. This structure, in our view, could also limit the
effectiveness of the board of directors."
CHEM-WAY CORPORATION: Seeks to Tap Kirk Palmer & Thigpen as Counsel
-------------------------------------------------------------------
Chem-Way Corporation seeks approval from the U.S. Bankruptcy Court
for the Western District of North Carolina to employ Kirk Palmer &
Thigpen, PA as special counsel.
The firm will represent the Debtor in the litigation captioned
HEPACO, LLC v. Chem-Way Corporation and Timothy Swain, Case No.
22-CVS-15291, pending in the Superior Court, Mecklenburg County.
The hourly rates of the firm's counsel and staff are as follows:
Keith B. Nichols $375
Associates $135 - $275
In addition, the firm will seek reimbursement for expenses
incurred.
Keith Nichols, Esq., a partner at Kirk Palmer & Thigpen, disclosed
in a court filing that his firm is a "disinterested person" as that
term is defined in Section 101(14) of the Bankruptcy Code.
The firm can be reached through:
Keith Nichols, Esq.
Kirk Palmer & Thigpen, PA
1300 Baxter Street, Suite 300
Charlotte, NC 28204
Telephone: (704) 332-8000
Facsimile: (704) 332-8264
Email: knichols@kptlaw.com
About Chem-Way Corporation
Chem-Way Corporation was incorporated in 1971 and for many decades
distributed dry chemicals out of its facility located in Charlotte,
N.C.
The Debtor filed Chapter 11 petition (Bankr. W.D.N.C. Case No.
23-30084) on Feb. 1, 2023, with as much as $50,000 in both assets
and liabilities. Judge J. Craig Whitley oversees the case.
The Debtor tapped Cole Hayes, Esq., at Cole Hayes as counsel and
Keith Nichols, Esq., at Kirk Palmer & Thigpen, PA as special
counsel.
CONSOLIDATED ELEVATOR: Seeks Confirmation of Plan
-------------------------------------------------
Consolidated Elevator Company, Inc., filed a motion to confirm
Debtor's First Amended Chapter 11 Plan of Reorganization.
On July 17, 2023, the Court entered its Scheduling Order, setting
the following dates and deadlines related to confirmation of the
Plan:
* The deadline to file and serve any objections to Plan
confirmation is Aug. 30, 2023.
* The deadline for the Debtor to file any reply to objections to
Plan confirmation is Sept. 6, 2023.
* The hearing on confirmation of the Plan, the continued Chapter
11 Status Conference, the continued hearing on the Debtor's
bankruptcy counsel's "First Interim Fee Application" and the
continued hearing on the Debtor's "Third Interim Motion for
Authority to Use Cash Collateral" will be held on Sept. 13, 2023 at
9:00 a.m.
The Debtor will fund the Plan from the operation of its business,
the funds that it has/will have accumulated in its DIP bank
accounts, and with the IRS Employee Retention Credit ("ERC"). As
such, the Plan provides adequate means for its implementation, and
hence the Plan complies with the requirements of Sec. 1123(a)(5).
The Debtor is paying these claims over time.
Attorneys for Debtor Consolidated Elevator Company, Inc.:
Roksana D. Moradi-Brovia, Esq.
W. Sloan Youkstetter, Esq.
RHM LAW LLP
17609 Ventura Blvd., Suite 314
Encino, CA 91316
Tel: (818) 285-0100
Fax: (818) 855-7013
E-mail: roksana@RHMFirm.com
sloan@RHMFirm.com
About Consolidated Elevator Company
Consolidated Elevator Company, Inc., provides elevator repairs
services. Its employees consist of mechanics, salespeople, and
support staff.
Consolidated Elevator Company sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 22-15611) on
Oct. 14, 2022. In the petition signed by David J. Sandoval, CFO,
the Debtor disclosed up to $10 million in both assets and
liabilities.
Judge Sandra R. Klein oversees the case.
The Debtor tapped Matthew D. Resnik, Esq., at RHM Law, LLP as
bankruptcy counsel; Dempsey Law P.C. as special counsel; and
Lighthouse Consultants, Inc. as accountant.
CONSTANT CONTACT: $300MM Bank Debt Trades at 17% Discount
---------------------------------------------------------
Participations in a syndicated loan under which Constant Contact
Inc is a borrower were trading in the secondary market around 83.3
cents-on-the-dollar during the week ended Friday, September 1,
2023, according to Bloomberg's Evaluated Pricing service data.
The $300 million facility is a Term loan that is scheduled to
mature on February 10, 2029. The amount is fully drawn and
outstanding.
Constant Contact, Inc. operates as a marketing company. The Company
provides email marketing services as well as conducts social media
campaigns, managing digital storefronts, and creating online
surveys for businesses, associations, and organizations to help
them to connect with their customers and members.
CORRY DAVIS: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Corry Davis Marketing, Inc.
542 East Highway 64
Canton TX 75103
Business Description: Corry Davis Marketing Inc. is a real estate
lessor in Canton, Texas.
Chapter 11 Petition Date: September 4, 2023
Court: United States Bankruptcy Court
Eastern District of Texas
Case No.: 23-60431
Debtor's Counsel: Michael E Gazette, Esq.
LAW OFFICES OF MICHAEL E GAZETTE
100 E Ferguson Street Suite 1000
Tyler, TX 75702
Tel: (903) 596-9911
Email: megazette@suddenlinkmail.com
Estimated Assets: $1 million to $10 million
Estimated Liabilities: $1 million to $10 million
The petition was signed by Dale Murphy as president.
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/TZQGSEY/Corry_Davis_Marketing_Inc__txebke-23-60431__0001.0.pdf?mcid=tGE4TAMA
CPC ACQUISITION: $225MM Bank Debt Trades at 50% Discount
--------------------------------------------------------
Participations in a syndicated loan under which Cpc Acquisition
Corp is a borrower were trading in the secondary market around 50.0
cents-on-the-dollar during the week ended Friday, September 1,
2023, according to Bloomberg's Evaluated Pricing service data.
The $225 million facility is a Term loan that is scheduled to
mature on December 29, 2028. The amount is fully drawn and
outstanding.
CPC Acquisition Corp is in the chemicals industry.
CUREPOINT LLC: Unsecureds to Recover 13% to 15% in Trustee's Plan
-----------------------------------------------------------------
The Chapter 11 Trustee for Curepoint, LLC, filed with the U.S.
Bankruptcy Court for the Northern District of Georgia a Disclosure
Statement for Chapter 11 Plan of Liquidation dated August 29,
2023.
The Debtor was owned and operated as a cancer treatment center that
provided radiation treatment for cancer patients. Its facility was
located at 2406 Bellevue Road, Suite 7, Dublin, Georgia.
On November 7, 2022, the Chapter 11 Trustee filed an Emergency
Motion proposing procedures for the marketing and approval of a
sale of substantially all of the Debtor's assets. At the conclusion
of the marketing process, the Chapter 11 Trustee determined that
the Asset Purchase Agreement (the "APA") submitted by 2406
CancerCare, LLC ("CancerCare" or "Buyer") provided the highest and
best offer for the Debtor's assets. CancerCare proposed purchasing
substantially all of the Debtor's assets and continuing the
Debtor's ongoing business operations in exchange for a purchase
price of $5,425,000 in cash, plus assuming additional liabilities
totaling approximately $119,329.66.
Consequently, and because there were no other competitive bids, the
Chapter 11 Trustee cancelled the scheduled auction and sought
Bankruptcy Court approval of the APA at the Sale Hearing. On
December 15, 2022, the Court entered the Order approving and
granting the Chapter 11 Trustee authority to execute the APA. The
Sale closed on December 21, 2022 (the "Sale Closing Date").
Pursuant to the Plan, payments of Claims will be made as follows
unless a creditor agrees to less favorable treatment:
* The Chapter 11 Trustee (if before the Effective Date) or
Liquidation Trustee (if after the Effective Date) will pay Allowed
Administrative Claims, Allowed Professional Fee Claims, Allowed
Priority Tax Claims, Class 1 Allowed Secured Tax Claims, Class 2
Allowed Other Priority Claims and Class 3 Allowed Prepetition
Secured Loan Claims in full in Cash at the Effective Date of the
Plan or as soon as reasonably practicable thereafter;
* Holders of Class 4 Allowed Prepetition Equipment Claims will
receive their respective equipment back from the Debtor on the
Effective Date of the Plan or as soon as reasonably practicable
thereafter (to the extent their respective Collateral has not
previously been returned) and a Deficiency Claim for the difference
between the value of the Collateral and the total amount of the
Prepetition Equipment Claim.
* Holder of Allowed the Class 5 AMOA Settled Claims (AMOA
Parties) will receive, pursuant to the AMOA Settlement, Cash
totaling $995,000.00 and shall waive any and all other Claims
available to the AMOA Parties, including any Deficiency Claim.
* Holders of Allowed Class 6 Claims (Lafayette Bank) will
receive Cash up to the value of their Allowed Secured Claim
(totaling $375,000.00) on the Effective Date of the Plan or as soon
as reasonably practicable thereafter and a Deficiency Claim for the
difference between its Secured Claim and total Claim.
* Unless agreeing to less favorable treatment, the Holders of
Allowed Class 7 MCA Claims will receive Cash in an amount equal to
the pro rata percentage claim each MCA Lender held against the
Prepetition AR on the Effective Date of the Plan or as soon as
reasonably practicable thereafter and a Deficiency Claim for the
remainder of each MCA Claim.
* Holders of Class 8 Allowed General Unsecured Claims will
receive their pro rata share of the Beneficial Trust Interests,
which Beneficial Trust Interests shall entitle the holders thereof
to receive their pro rata share of the Liquidating Trust Assets;
* Holders of Class 9 Existing Interests in the Debtor will be
cancelled without any distribution to the holders of such
Interests.
Class 8 consists of General Unsecured Claims. Except to the extent
that a holder of an Allowed General Unsecured Claims agrees to less
favorable treatment, in exchange for full and final satisfaction,
settlement, and release of each Allowed General Unsecured Claim,
each holder of such Allowed General Unsecured Claim shall receive
its pro rata share of the Beneficial Trust Interests, which
Beneficial Trust Interests shall entitle the holders thereof to
receive their pro rata share of the Liquidation Trust Assets. Class
8 is Impaired by the Plan. The allowed unsecured claims total
$10,000,000.00. This Class will receive a distribution of 13 to 15%
of their allowed claims.
Effective Date distributions will be made from Cash on hand
currently held by the Chapter 11 Trustee or from the Liquidation
Trust Claim Reserve or the Professional Fee Claim Reserve.
Distributions under the Plan on account of the Beneficial Trust
Interest will be funded by the Liquidating Trust Assets.
A full-text copy of the Disclosure Statement dated August 29, 2023
is available at https://urlcurt.com/u?l=zinYlJ from
PacerMonitor.com at no charge.
Counsel for the Chapter 11 Trustee:
Nathaniel T. DeLoatch, Esq.
Eversheds Sutherland (US), LLP
999 Peachtree Street, NE, Suite 2300
Atlanta, GA 30309-3996
Telephone: 404.853.8175
Facsimile: 404.853.8806
Email: Nathanieldeloatch@eversheds-sutherland.com
About Curepoint LLC
Curepoint, LLC -- https://www.curepointcancer.com/ -- provides
radiation treatment for cancer patients at its facility in Dublin,
Ga.
Curepoint filed a petition for Chapter 11 protection (Bankr. N.D.
Ga. Case No. 22-56501) on Aug. 19, 2022, with between $1 million
and $10 million in both assets and liabilities. Phillip Miles,
designated officer, signed the petition.
Judge Paul Baisier oversees the case.
Will B. Geer, Esq., at Rountree, Leitman, Klein & Geer, LLC is the
Debtor's counsel.
David A. Wender was appointed as the Chapter 11 trustee in the
Debtor's case. The trustee tapped Eversheds Sutherland (US), LLP as
counsel and SOLIC Capital Advisors, LLC and SOLIC Capital, LLC as
investment bankers.
CYTODYN INC: Delays Filing of Form 10-K for Period Ended May 31
---------------------------------------------------------------
CytoDyn, Inc. said in a Form 12b-25 filed with the Securities and
Exchange Commission it was unable to file timely, without
unreasonable effort and expense, its Annual Report on Form 10-K for
the fiscal year ended May 31, 2023, because its independent
registered public accounting firm requires additional time before
furnishing its required report regarding its audit of the Company's
financial statements for the fiscal year ended May 31, 2023, to
evaluate the implications of an Order released by the Public
Company Accounting Oversight Board (the "PCAOB") on Aug. 29, 2023,
shortly before the Company's filing deadline.
About CytoDyn Inc.
Headquartered in Vancouver, Washington, CytoDyn Inc. --
http://www.cytodyn.com-- is a clinical-stage biotechnology company
focused on the development and commercialization of leronlimab, an
investigational humanized IgG4 monoclonal antibody (mAb) that is
designed to bind to C-C chemokine receptor type 5 (CCR5), a protein
on the surface of certain immune system cells that is believed to
play a role in numerous disease processes. CytoDyn is studying
leronlimab in multiple therapeutic areas, including infectious
disease, cancer, and autoimmune conditions.
Cytodyn reported a net loss of $210.82 million for the year ended
May 31, 2022, compared to a net loss of $176.47 million for the
year ended May 31, 2021. As of Nov. 30, 2022, the Company had
$7.07 million in total assets, $123.04 million in total
liabilities, and a total stockholders' deficit of $115.97 million.
San Jose, California-based Macias Gini & O'Connell LLP, the
Company's auditor since 2022, issued a "going concern"
qualification in its report dated Aug. 15, 2022, citing that the
Company incurred a net loss of approximately $210,820,000 for the
year ended May 31, 2022 and has an accumulated deficit of
approximately $766,131,000 through May 31, 2022, which raises
substantial doubt about its ability to continue as a going concern.
DICOL TRUCKING: Unsecureds to Split $15K in Subchapter V Plan
-------------------------------------------------------------
Dicol Trucking, LLC, filed with the U.S. Bankruptcy Court for the
Middle District of Tennessee a Plan of Reorganization under
Subchapter V dated August 28, 2023.
The Debtor is a Tennessee limited liability company which operates
a trucking company by Curtis Diggs, who is in a companion Chapter
13. The Debtor obtained two trucks and has been in negotiations
with Amazon and other vendors for the delivery of freight.
The Debtor formed the business hoping to take advantage of the
Amazon distribution center. Mr. Diggs mis-estimated how long that
it would take to become profitable as well as discovering that
insurance was approximately $3,000.00 per month. The Debtor simply
did not have the liquidity until the business became profitable.
This Plan provides for the following classes: Administrative
Claims, Priority Claims, Secured Claims, Priority Unsecured Claims,
Non Priority Unsecured Claims, and the interest of the Debtor
and/or the Equity Security Holders.
Non-priority unsecured creditors holding allowed claims will
receive pro rata distributions from the ongoing cash flow of the
debtor.
This Plan of Reorganization proposes to pay the creditors of the
Debtor from cash flow from business operations and future income of
the Debtor.
Class 3 shall consist of the allowed unsecured claims not entitled
to priority and not expressly included in the definition of any
other class. The claims in this class shall be paid a pro-rate
distribution of $15,000.00 commencing on the Effective Date of the
plan, payable at the rate of $250.00 per month, until the total
amount specified herein has been paid. This Class is impaired.
The Debtor will retain all ownership rights in property of the
estate.
The Debtor anticipates the funds to meet the plan payments shall
come from the daily operations of the Debtor's trucking business.
A full-text copy of the Plan of Reorganization dated August 28,
2023 is available at https://urlcurt.com/u?l=DeUKUk from
PacerMonitor.com at no charge.
Attorney for Debtor:
Steven L. Lefkovitz, Esq.
Lefkovitz & Lefkovitz, PLLC
908 Harpeth Valley Place
Nashville, TN 37219
Telephone: (615) 256-8300
Facsimile: (615) 255-4516
Email: slefkovitz@lefkovitz.com
About Dicol Trucking
Dicol Trucking, LLC is a Tennessee limited liability company which
operates a trucking company by Curtis Diggs.
The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. M.D. Tenn. Case No. 23-01913) on May 31,
2023, with $50,001 to $100,000 in assets and $100,001 to $500,000
in liabilities. Michael Abelow, Esq., at Sherrard Roe Voigt &
Harbison, PLC has been appointed as Subchapter V trustee.
Judge Marian Harrison oversees the case.
The Debtor is represented by Steven L. Lefkovitz, Esq., at
Lefkovitz & Lefkovitz.
DIOCESE OF CAMDEN: Court Denies Insurance Settlement Approval
-------------------------------------------------------------
Bankruptcy Judge Jerrold N. Poslusny, Jr., for the District of New
Jersey denies the motion to approve Insurance Settlement filed by
the Diocese of Camden, New Jersey in the bankruptcy case captioned
as In re: DIOCESE OF CAMDEN, NEW JERSEY, Chapter 11, Debtor, Case
No. 20-21257 (JNP), (Bankr. D.N.J.).
In January 2022, the Debtor, and certain insurers reached a
settlement, and the Debtor filed a motion for approval of the
Insurance Settlement. The Insurance Settlement provides that the
Insurers will pay $30 million which would be paid to a trust, that
was to be established as part of a Chapter 11 plan of
reorganization to satisfy the Survivor Claims. Half of the
Settlement Amount is treated as the purchase price to allow the
Insurers to repurchase the Policies from the Debtor as well as any
rights in the Policies held by OCE. The other half is treated as
consideration for a channeling injunction, which would funnel any
future claims related to abuse to the Plan Trust and an injunction,
preventing any such potential claimants from pursuing the Insurers
for those claims.
The Official Committee of Tort Claimant Creditors opposes the
Insurance Motion. The Committee argues that they failed to
establish that the Insurance Settlement meets the lowest standards
of reasonableness under Rule 9019 or section 363 of the Bankruptcy
Code.
In this case, the assets being sold are the Policies, and the claim
being compromised is the Insurance Action, which sought a judgment
that the Policies obligated the Insurers to pay or reimburse the
Debtor for liability incurred as a result of the Survivor Claims.
The underlying issue with the Insurance Motion is that the Insurers
failed to present any credible evidence of the value of the asset
being sold. Without a valuation of the Policies, the Court cannot
determine whether the sale price is adequate, and therefore the
Court cannot approve the sale. Additionally, there was insufficient
evidence presented to determine whether the buyers were acting in
good faith, or whether there was a sound business purpose for the
sale. There is simply no evidence presented which would allow the
Court to find that this sale was reasonable. The Insurers failed to
meet their burden and therefore the Insurance Settlement is
denied.
A full-text copy of the MEMORANDUM DECISION dated August 29, 2023,
is available https://tinyurl.com/3dv6mtkf from Leagle.com.
About The Diocese of Camden, NJ
The Diocese of Camden, New Jersey is a nonprofit religious
corporation organized pursuant to Title 16 of the Revised Statutes
of New Jersey. The Diocese is the secular legal embodiment of the
Roman Catholic Diocese of Camden, a juridic person recognized under
Canon Law.
The Diocese of Camden sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 20-21257) on Oct. 1, 2020.
The petition was signed by Reverend Robert E. Hughes, vicar General
and vice president. At the time of the filing, the Debtor had
total assets of $53,575,365 and liabilities of $25,727,209. Judge
Jerrold N. Poslusny Jr. oversees the case. McManimon, Scotland &
Baumann, LLC, is the Debtor's legal counsel.
DIOCESE OF CAMDEN: Court Rejects 8th Amended Plan
-------------------------------------------------
The Eighth Amended Plan of Reorganization, jointly proposed by the
Diocese of Camden, New Jersey, and the Official Committee of Tort
Claimant Creditors, was rejected by Bankruptcy Judge Jerrold N.
Poslusny, Jr., on Tuesday, Aug. 29, 2023.
The Plan does not meet all the requirements of section 1129 of the
Bankruptcy Code, according to Judge Poslusny. The Plan permits
claims -- that are invalid on their face -- to be paid, and the
attorneys that filed these invalid and potentially fraudulent
claims to receive one-third, or more, of the $2,500 expedited
distribution. As a result, Judge Poslusny cannot approve a Plan
which allows attorneys to file invalid and fraudulent claims
without consequence. Nor can he allow attorneys to collect
contingency fees in excess of what is permitted under New Jersey
law, or in excess of what is reasonable for the work required and
risk taken. Judge Poslusny cautions that any future plan must take
steps to ensure that the Survivors' attorneys are not violating the
New Jersey Rules of Professional Conduct and taking advantage of
the Survivors.
A full-text copy of the MEMORANDUM DECISION dated August 29, 2023,
is available https://tinyurl.com/4bm2m5jy from Leagle.com.
About The Diocese of Camden, NJ
The Diocese of Camden, New Jersey is a nonprofit religious
corporation organized pursuant to Title 16 of the Revised Statutes
of New Jersey. The Diocese is the secular legal embodiment of the
Roman Catholic Diocese of Camden, a juridic person recognized under
Canon Law.
The Diocese of Camden sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 20-21257) on Oct. 1, 2020.
The petition was signed by Reverend Robert E. Hughes, vicar General
and vice president. At the time of the filing, the Debtor had
total assets of $53,575,365 and liabilities of $25,727,209. Judge
Jerrold N. Poslusny Jr. oversees the case. McManimon, Scotland &
Baumann, LLC, is the Debtor's legal counsel.
DIOCESE OF SAN FRANCISCO: Two New Committee Members Appointed
-------------------------------------------------------------
The U.S. Trustee for Region 17 appointed an official committee to
represent unsecured creditors in the Chapter 11 case of Roman
Catholic Archbishop of San Francisco.
The committee members are:
1. Daniel Albert Besmer
2. Jerold M. Dumlao
3. Madeline McFeely
4. Manuel Suarez
5. Margaret O'Driscoll
6. Richard Ottis
7. Robert Correa
8. Sophia Mendoza Ignacio-Prevatte
9. Steven Anthony Moreno
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent. They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.
About Archbishop of San Francisco
Roman Catholic Archbishop of San Francisco filed Chapter 11
petition (Bankr. N.D. Calif. Case No. 23-30564) on Aug. 21, 2023,
with $100 million to $500 million in both assets and liabilities.
Judge Dennis Montali oversees the case.
Paul J. Pascuzzi, Esq., at Felderstein Fitzgerald Willoughby
Pascuzzi & Rios, LLP is the Debtor's legal counsel.
DODGE CONSTRUCTION: $455MM Bank Debt Trades at 18% Discount
-----------------------------------------------------------
Participations in a syndicated loan under which Dodge Construction
Network LLC is a borrower were trading in the secondary market
around 82.1 cents-on-the-dollar during the week ended Friday,
September 1, 2023, according to Bloomberg's Evaluated Pricing
service data.
The $455 million facility is a Term loan that is scheduled to
mature on February 22, 2029. The amount is fully drawn and
outstanding.
Dodge Construction Network LLC provides software solutions. The
Company offers analytics and software-based workflow integration
solutions for the construction industry. Dodge Construction Network
serves customers in the United States.
EAST WEST MANUFACTURING: $275MM Bank Debt Trades at 18% Discount
----------------------------------------------------------------
Participations in a syndicated loan under which East West
Manufacturing LLC is a borrower were trading in the secondary
market around 82.5 cents-on-the-dollar during the week ended
Friday, September 1, 2023, according to Bloomberg's Evaluated
Pricing service data.
The $275 million facility is a Term loan that is scheduled to
mature on December 22, 2028. The amount is fully drawn and
outstanding.
East West Manufacturing LLC assists customers in designing and
manufacturing products as well as logistical support.
ELITE KIDS: Seeks Feb. 2, 2024 Extension to File Plan
-----------------------------------------------------
Elite Kids Services, Inc., filed a Motion to Extend Time to Confirm
a Chapter 11 Small Business Plan of Reorganization and Disclosure
Statement pursuant to 11 U.S.C. Sec. 1121(e).
The Debtor requests an extension of the time by which a Plan of
Reorganization should be confirmed for an additional 120 days,
through and including February 2, 2024.
This request is not made for the purpose of delay.
This first requested extension of the Time period for confirmation
is warranted and necessary to afford the Debtor a meaningful
opportunity to pursue the chapter 11 reorganization process and
build a consensus among economic stakeholders, all as contemplated
by chapter 11 of the Bankruptcy Code.
The first requested extension of the time period for confirmation,
is necessary due : to the fact, that the time to confirm a plan is
set to expire on October 5, 2022, and in the event the filed
Chapter 11 Small Business Disclosure statement and/or plan of
reorganization are needed to be amended, the Debtor will need an
additional time in order to comply with the provisions of the
Bankruptcy Code.
Further, the Debtor needs an additional time to resolve a claim
filed by M.M. Infant under 14 and Olia Royzman and to file the
claim objection with respect to the claim filed by the U.S. Small
Business Administration. The Debtor is currently working on the
claim objection to be filed shortly.
The requested extension of the time period for confirmation will
allow the Debtor to confirm a Chapter 11 plan without violating the
Bankruptcy Code and to provide treatment to its Creditors.
No previous request for the relief sought by this Motion has been
made by the Debtor to this or any other Court.
Counsel for the Debtor:
Alla Kachan, Esq.
LAW OFFICES OF ALLA KACHAN, P.C.
2799 Coney Island Avenue, Suite 202
Brooklyn, NY 11235
Tel.: (718) 513-3145
About Elite Kids Services
Elite Kids Services, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. E.D.N.Y. Case No. 22-42915) on Nov. 22, 2022, with as much
as $1 million in both assets and liabilities. Judge Elizabeth S.
Stong oversees the case.
Alla Kachan, Esq., at the Law Offices of Alla Kachan, PC and Wisdom
Professional Services, Inc., serve as the Debtor's legal counsel
and accountant, respectively.
GENESIS CARE: Deadline to File Proofs of Claim Set for Sept. 29
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas set
Sept. 29, 2023, at 5:00 p.m. (Prevailing Central Time) as the last
date and time for person and entities to file their proofs of claim
against Genesis Care Pty Limited and its debtor-affiliates.
The Court also set Nov. 29, 2023, at 5:00 p.m. (Prevailing Central
Time) as the deadline for all governmental units to file their
claims against the Debtors.
Each Proof of Claim must be filed or submitted, including
supporting documentation, through any of the following methods: (a)
electronic submission through PACER (Public Access to Court
Electronic Records at http://ecf.txsb.uscourts.gov/),(b)
electronic submission using the interface available on the Claims
and Noticing Agent’s website at
https://restructuring.ra.kroll.com/GenesisCare, or (c) if submitted
through non-electronic means, by U.S. mail or other hand delivery
system, so as to be actually received by the Claims and Noticing
Agent on or before the Claims Bar Date, the Governmental Bar Date,
or any other applicable Bar Date, as applicable at the following
address:
a) If by First-Class Mail:
Genesis Care Pty Limited Claims Processing Center
c/o Kroll Restructuring Administration LLC
Grand Central Station, PO Box 4850
New York, NY 10163-4850
b) If by Hand Delivery or Overnight Courier:
Genesis Care Pty Limited Claims Processing Center
c/o Kroll Restructuring Administration LLC
850 3rd Avenue, Suite 412
Brooklyn, NY 11232
If you have any questions regarding the claims process and/or you
wish to obtain a copy of the Bar Date Notice, a proof of claim form
or related documents you may do so by (a) contacting the Debtors'
restructuring hotline at: (833) 744-6948 (US/Canada toll free), +1
(646) 440-4836 (International), +61 (2) 99254385 (Australia) or +44
(20) 45198440 (United Kingdom), (b) emailing
GenesisCareInfo@ra.kroll.com, and/or (c) visiting the Debtors’
restructuring website at:
https://restructuring.ra.kroll.com/GenesisCare.
About GenesisCare
One of the world's largest integrated oncology networks,
GenesisCare -- http://www.genesiscare.com-- includes 300+
locations in the U.S., the UK, Australia, and Spain. With
investments in advanced technology and expanded access to clinical
trials, more than 5,500 highly trained GenesisCare physicians and
support staff offer comprehensive, coordinated care in radiation
oncology, medical oncology, hematology, urology, diagnostics, and
surgical oncology.
Genesis Care Pty Ltd. and its affiliated debtors sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead
Case No. 23-90614) on June 1, 2023. In the petition signed by
Richard Briggs, as authorized signatory, Genesis Care disclosed up
to $10 billion in both assets and liabilities.
Judge David R. Jones oversees the case.
The Debtors tapped Kirkland and Ellis, LLP, Kirkland and Ellis
International, LLP and Jackson Walker, LLP as general bankruptcy
counsel; PJT Partners, LP as investment banker; Alvarez and Marsal
North America, LLC as restructuring advisor; Herbert Smith
Freehills, LLP as foreign legal counsel; Teneo as communications
advisor; and Clayton Utz as special investigation counsel. Kroll
Restructuring Administration, LLC is the notice and claims agent.
On June 15, 2023, the U.S. Trustee for the Southern District of
Texas appointed an official committee of unsecured creditors in
these Chapter 11 cases. The trustee tapped Kramer Levin as its
counsel, Locke Lord LLP as local counsel, and Berkeley Research
Group, LLC as financial advisor.
GLOBAL TELLINK: $475MM Bank Debt Trades at 16% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Global Tel*Link
Corp is a borrower were trading in the secondary market around 84.4
cents-on-the-dollar during the week ended Friday, September 1,
2023, according to Bloomberg's Evaluated Pricing service data.
The $475 million facility is a Term loan that is scheduled to
mature on November 29, 2026. The amount is fully drawn and
outstanding.
Global Tel*Link provides integrated technology solutions. The
Company offers communication, intelligence, education, enterprise
management, payment and deposit solutions, as well as inmate
services.
GREENPOINT ASSET: Hull Unsecureds' Recovery Hiked to 75% in Plan
----------------------------------------------------------------
Greenpoint Asset Management II, LLC, ("GAM II") and Michael G.
Hull, submitted a Disclosure Statement describing First Amended
Joint Plan of Reorganization dated August 29, 2023.
The Debtors' cases are related to two chapter 11 cases filed in the
same Court: Greenpoint Tactical Income Fund LLC ("GTIF") and its
wholly owned company, GP Rate Earth Trading Account LLC ("GPRE").
The Debtors rely on revenue from GTIF and GPRE to fund their Plan
along with income earned by Hull and his spouse from Yodelay
Yogurt, and forgivable loans/guarantees from Michael Hull's
brother, Patrick Hull.
GTIF and GPRE filed their chapter 11 petitions due to a then
impending hearing in an arbitration proceeding (the "Hallick
Arbitration") that could have resulted in an order requiring GTIF
and GPRE to relinquish $45 million worth of Minerals (based upon
their prior valuations and constituting more than half their
portfolio) to satisfy a $15 million claim asserted by Erick J.
Hallick against many parties, including the Debtors, GTIF and
GPRE.
Until July 17, 2023, GAM II was one of two managing members of
GTIF. On July 18 there was a payment default under the GTIF
confirmed plan of reorganization and the Oversight Board did not
re-hire GAM II as a manager. GAM II is owned by H Global LLC. Hull
now owns 100% of H. Global as marital property with his spouse,
Angela Hull. Michael Hull is H Global's manager. H Global manages
GAM II so effectively Michael Hull controls both entities.
GAM II has received no revenue since the Petition Date due to its
agreement to defer payments under the GTIF chapter 11 Plan.
However, it is no longer deferring payments and is due substantial
amounts. Hull has received minimal amounts. Hull's spouse, friends
and family members have provided cash to support his living
expenses. Although, Hull and his spouse are now receiving salaries
from Yodelay Yogurt.
Class 2A consists of Allowed Unsecured Claims against GAM II. They
will be paid up to 100% from GAM II's cash remaining after it pays
Administrative Expenses, of approximately $15,000 over the five
years of the Plan for bookkeeping, distributions under the Plan,
and other expenses associated with its obligations under the Plan.
The Debtors estimate that the total Class 2A Allowed Claims will be
$1, 089,536 and will be paid in full under the Plan.
Class 4A consists of Allowed Equity Interests in GAM II. The equity
interest holder, H Global has assigned any right to payment from
GAM II to Hull for funding his obligations under the Plan. agrees
that any distributions it receives shall be paid to Hull for
distribution under the Plan. H Global shall only retain its
interests if all Allowed Unsecured and Subordinated Claims, Classes
2A and 3A, are paid in full. If they are not paid in full, H
Global's interests shall be extinguished upon the liquidation of
all GTIF's assets and their distribution.
Class 2B consists of Allowed Unsecured Claims Against Hull. Hull
shall pay the Allowed Unsecured Claims against him on a Pro-Rata
Basis from the funds received from GAM II and any other source for
a period of 60 months from the Effective Date after paying the
following:
* $10,000 per month for his personal living expenses and
support of his family, which shall be increased by 6% over the
previous amount on the yearly anniversary date of the Effective
Date; and
* Administrative Expenses, and Allowed Claims under Sections
3.7 through 3.10, provided however that commencing on the 61st
month after the Petition Date, no amount shall be paid to Allowed
Priority or Secured Tax Claims.
Except that any amounts received from GAM II commencing on the 37th
month after the Effective Date until the 60th month after the
Effective Date on account of GAM II's equity interests in GTIF
shall be paid 100%, less an amount necessary to pay taxes due to
the amount received, to Allowed Claims in Class 2B. The Debtors
estimate that the total Class 2B Allowed Claims will be $1,504,586,
excluding one Creditor having a Claim against both Hull and GAM II
that is projected to by paid by GAM II before Hull has any
obligation to pay it. The Debtors estimate that Creditors will
receive a dividend of 75% if GAM II realizes a total return of
$6.95 million on its stay interests in GTIF with a face amount of
$4.4 million.
Class 4B consists of Allowed Equity Interests in Property of Hull.
Except as otherwise provided in the Plan, Hull shall retain his
property subject to the terms of the Plan.
The cash to fund the Plan for GAM II will come from the GTIF Plan
Payments. There are two types of plan payments. First, GAM II has
an administrative expense against GTIF. The amount totals
$2,324,024 and is broken down by categories. Additionally, GAM II
has $700,000 and $3,300,000 Class A Equity Interests that are
classified as stay interests. Payment on these only occurs after
all leave interests have been paid the amount of their investment.
The cash to fund the Plan for Hull will come from the
Administrative Expenses owed him and his spouse, Angela Hull, from
GAM II due to them for compensation and rent accrued during GAM
II's Chapter 11 Case. Additionally, Hull and his spouse are both
working for Yodelay Yogurt and receiving salaries of $120,000 and
$63,000, respectively. They anticipate Yodelay Yogurt continuing to
improve its business as Hull devotes more time to it. Exhibit C
projects their salaries to increase by 10% annually. Yodelay Yogurt
produces and sells yogurt. Exhibit C projects that personal living
expenses to support their family will be $120,000 per year and then
increase 6% annually.
A full-text copy of the Disclosure Statement dated August 29, 2023
is available at https://urlcurt.com/u?l=iEjsdX from
PacerMonitor.com at no charge.
Attorneys for Debtors:
Jerome R. Kerkman, Esq.
Evan P. Schmit, Esq.
Kerkman & Dunn
839 N. Jefferson St. Suite 400
Milwaukee, WI 53202
Phone: 414.277.8200
Fax: 414.277.0100
Email: jkerkman@kerkmandunn.com
About Greenpoint Asset
Greenpoint Asset Management II, LLC, is the managing member
Greenpoint Tactical Income Fund, LLC and GP Rare Earth Trading
Account, LLC. It is based in Oconomowoc, Wis.
Greenpoint filed a petition for Chapter 11 protection (Bankr. E.D.
Wis. Case No. 21-25900) on Nov. 11, 2021, listing $3,474,579 in
assets and $69,147,986 in liabilities. Michael G. Hull, manager,
signed the petition.
Judge G. Michael Halfenger oversees the case.
Jerome R. Kerkman, Esq., at Kerkman & Dunn and Kopecky Schumacher
Rosenburg, LLC serve as the Debtor's bankruptcy counsel and special
counsel, respectively. Armed Accountants, Inc. is the Debtor's
accountant.
The Debtor filed its plan of reorganization and disclosure
statement on March 7, 2022.
IBIO INC: Agrees to Amend Warrants Exercise Price
-------------------------------------------------
iBio, Inc. disclosed in a Form 8-K filed with the Securities and
Exchange Commission that it agreed to amend the exercise price with
certain holders of the Series A Warrants and Series B Warrants that
were acquired from the Company in the underwritten public offering
that was completed in December 2022.
Under the amended warrants, the Company agreed to amend existing
Series A warrants to purchase up to 3,475,916 shares of common
stock and existing Series B warrants to purchase up to 2,058,000
shares of common stock that were previously issued in December 2022
to the certain investors in the public offering, with exercise
prices of $1.04 per share, to lower the exercise price of the
Existing Warrants to $0.50 per share.
About iBio Inc.
iBio, Inc. -- http://www.ibioinc.com-- is a developer of
next-generation biopharmaceuticals using its proprietary Artificial
Intelligence-Driven Discovery Platform and FastPharming
Manufacturing System. The Company focused its technologies on the
research and development of novel products at its Drug Discovery
Center in California. The Company is currently using its
FastPharming Manufacturing System and GlycaneeringSM Technologies
to develop its portfolio of proprietary biologic drug candidates.
iBio reported a net loss attributable to the Company of $50.30
million for the year ended June 30, 2022, a net loss attributable
to the Company of $23.21 million for the year ended June 30, 2021,
a net loss attributable to the company of $16.44 million for the
year ended June 30, 2020, and a net loss attributable to the
Company of $17.59 million for the year ended June 30, 2019. As of
March 31, 2023, the Company had $44.38 million in total assets,
$26.99 million in total liabilities, and $17.39 million in total
stockholders' equity.
Holmdel, New Jersey-based CohnReznick LLP, the Company's auditor
since 2010, issued a "going concern" qualification in its report
dated Oct. 11, 2022, citing that the Company has suffered recurring
losses from operations and negative cash flows from operating
activities for the years ended June 30, 2022 and 2021 and has an
accumulated deficit as of June 30, 2022. These matters, among
others, raise substantial doubt about its ability to continue as a
going concern.
ITTELLA INTERNATIONAL: Hires Fisher & Phillips as Special Counsel
-----------------------------------------------------------------
Ittella International LLC and its affiliates seek approval from the
U.S. Bankruptcy Court for the Central District of California to
employ Fisher & Phillips LLP as special counsel.
The firm will represent the Debtors in all matters related to or
stemming from workplace safety issues, including workers
compensation related matters or claims involving the company and
continuing to represent the Debtors in connection with the labor
and employment claims.
The firm will be paid at these rates:
Jerry Cline $440 per hour
Gary Baker $325 per hour
Dan O-Brien $510 per hour
Meghan Delaney $440 per hour
RichardMillisor $500 per hour
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Meghan Delaney, Esq. a partner at Fisher & Phillips LLP, 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:
Meghan Delaney, Esq.
Fisher & Phillips LLP
200 Public Square Suite 4000
Cleveland, OH 44114
Tel: (440) 740-2116
Fax: (440) 838-8805
About Ittella International
Ittella International, LLC is a supplier of plant-based products
based in Paramount, Calif.
Ittella International and seven affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Lead
Case No. 23-14154) on July 2, 2023. In the petition signed by its
chief executive officer, Salvatore Galletti, Ittella International
reported $10 million to $50 million in both assets and
liabilities.
Judge Sandra R. Klein oversees the cases.
The Debtors tapped David L. Neale, Esq., at Levene, Neale, Bender,
Yoo and Golubchik, LLP as bankruptcy counsel; Rutan and Tucker, LLP
as their special corporate and SEC counsel; SC&H Group, Inc. as
investment banker; and Grant Thornton, LLP as accountant.
The U.S. Trustee for Region 16 appointed two separate committees to
represent unsecured creditors of Ittella International and its
affiliate, New Mexico Food Distributors, Inc.
JG FOOD: Seeks Extension for 21 More Days to File Plan
------------------------------------------------------
In the Chapter 11 case of JG Food and Entertainment LLC, the Court
in April set a new deadline, Aug. 28, 2023, the Honorable Court
entered an Order in which statement a new deadline to file the
disclosure statement and plan.
The Debtor requests an extension of time of 21 days to comply with
this Court's order since it is in settlement negotiations with
creditors in pursuit of filing a dispositive stipulation which
would likely terminate the case.
Attorney for the Debtor:
Carlos A. Ruiz Rodriguez, Esq.
LCDO. CARLOS ALBERTO RUIZ, LLC
P.O. Box 1298
Caguas, PR 00726-1298
Tel: (787) 286-9775
E-mail: carlosalbertoruizquiebras@gmail.com
About JG Food and Entertainment
JG Food And Entertainment LLC, filed a Chapter 11 bankruptcy
petition (Bankr. D.P.R. Case No. 23-00603) on March 1, 2023, with
as much as $1 million in both assets and liabilities.
The Debtor is represented by Licenciado Carlos Alberto Ruiz, LLC.
LORDSTOWN MOTORS: Sept. 5 Deadline Set for Panel Questionnaires
---------------------------------------------------------------
The United States Trustee is soliciting members for committee of
unsecured creditors in the bankruptcy cases of Lordstown Motors
Corp., et al.
If a party wishes to be considered for membership on any official
committee that is appointed, it must complete a questionnaire
available at https://tinyurl.com/bdsakadt and return by email it to
Benjamin A. Hackman -- benjamin.a.hackman@usdoj.gov -- at the
Office of the United States Trustee so that it is received no later
than 4:00 p.m., on Sept. 5, 2023.
If the U.S. Trustee receives sufficient creditor interest in the
solicitation, it may schedule a meeting or telephone conference for
the purpose of forming a committee.
About Lordstown Motors Corp.
Lordstown Motors Corp. -- http://www.lordstownmotors.com/-- is an
electric vehicle OEM developing innovative light duty commercial
fleet vehicles, with the Endurance all electric pickup truck as its
first vehicle. It has engineering, research and development
facilities in Farmington Hills, Mich. and Irvine, Calif.
On June 27, 2023, Lordstown Motors Corp. and two affiliated debtors
filed voluntary petitions for relief under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Lead Case No. 23-10831). The cases
are pending before Judge Mary F. Walrath.
The Debtors tapped White & Case, LLP and Richards, Layton & Finger,
P.A. as bankruptcy counsels; Baker & Hostetler, LLP as special
counsel; Jefferies, LLC as investment banker; KPMG, LLP as auditor;
and Silverman Consulting as restructuring advisor. Kurtzman Carson
Consultants, LLC is the Debtors' claims and noticing agent and
administrative advisor.
The U.S. Trustee for Regions 3 and 9 appointed an official
committee to represent unsecured creditors in the Debtors' Chapter
11 cases. The committee tapped Troutman Pepper Hamilton Sanders,
LLP as legal counsel and Huron Consulting Group Inc. as financial
advisor.
MALLINCKRODT PLC: Disclosures & Plan Hearing Set for Oct. 3
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware will hold a
combined hearing to consider approval of the the adequacy of the
the disclosure statement filed by Mallinckrodt PLC and its Debtor
Affiliates explaining their Chapter 11 Prepackaged Joint Plan of
Reorganization dated Aug, 28, 2023, and confirm the Debtors'
Chapter 11 Prepackaged Plan, on Oct. 3, 2023. Objections to the
approval of the disclosure statement or confirm the Debtors'
Chapter 11 plan, if any, must be filed no later than 5:00 p.m.
(Prevailing Eastern Time) on Sept. 22, 2023.
As reported in the Troubled Company Reporter on Sept. 4, 2023,
Mallinckrodt PLC and its Debtor Affiliates filed with the U.S.
Bankruptcy Court for the District of Delaware a Disclosure
Statement for Prepackaged Joint Plan of Reorganization dated August
28, 2023.
The Debtors are all subsidiaries of Debtor Mallinckrodt plc
(together with its Debtor and non-Debtor subsidiaries and
affiliates, collectively, "Mallinckrodt" or the "Company"), an
Irish public limited company, the shares of which are traded on the
NYSE American under the ticker symbol MNK.
The Debtors are reorganizing pursuant to chapter 11 of the
Bankruptcy Code, which is the principal business reorganization
chapter of the Bankruptcy Code. As a result, the confirmation of
the Plan means that the Reorganized Debtors will continue to
operate their businesses going forward and does not mean that the
Debtors will be liquidated or forced to go out of business.
The Debtors intend to continue operating their business in the
ordinary course during the pendency of the Chapter 11 Cases. To
facilitate the efficient and expeditious implementation of the Plan
through the Chapter 11 Cases, and to minimize disruptions to the
Debtors' operations on the Petition Date, the Debtors intend to
seek to have the Chapter 11 Cases administered jointly and to file
various motions seeking important and urgent relief from the
Bankruptcy Court.
The Plan contemplates the Restructuring and treatment of claims:
* financing through a $250 million new money fully backstopped
post-petition senior secured debtor-in-possession multi draw
financing facility (the "DIP Facility") and a Post-petition A/R
Facility of up to $200 million (upon emergence);
* each Holder of Allowed DIP Claims shall receive, up to the
Allowed amount of such DIP Claim, Cash from (i) if the DIP Cash
Sweep Trigger occurs, the DIP Cash Sweep, and/or (ii) the
Syndicated Exit Financing, if any, provided that, to the extent
that the net proceeds of the Syndicated Exit Financing and the DIP
Cash Sweep are collectively less than $280 million, the remaining
DIP Claims will be converted on a dollar-for-dollar basis into New
First Priority Takeback Term Loans in the amount of such
shortfall;
* each Holder of Postpetition A/R Claims shall have, except to
the extent that a Holder of an Allowed Postpetition A/R Claim and
the Debtor(s) against which such Allowed Postpetition A/R Claim is
asserted agree to a less favorable treatment of its Allowed Claim,
any Superpriority Claims, arising under the Postpetition A/R Order
to the extent Allowed and not contingent, unliquidated, or disputed
as of the Effective Date, paid, in full in Cash, on the Effective
Date, and shall have all other Postpetition A/R Claims satisfied in
the ordinary course of business as consensually amended and
extended on the Plan Effective Date plus the Exit A/R Facility Cash
Sweep;
* each Holder of Allowed First Lien Claims shall receive its
Pro Rata Share of (i) the First Lien New Common Equity, subject to
dilution by the Management Incentive Plan and the MDT II CVRs (if
equity settled); (ii) Cash in an amount sufficient to repay in full
the Unpaid Interest of any Holder of First Lien Term Loan Claims,
2025 First Lien Notes Claims, and 2028 First Lien Notes Claims;
(iii) Cash from the Exit Minimum Cash Sweep and/or the net proceeds
of the Syndicated Exit Financing; and (iv) the New Second Priority
Takeback Debt;
* each Holder of Allowed Second Lien Notes Claims shall
receive its Pro Rata Share of 7.7% of New Common Equity, subject to
dilution from the Management Incentive Plan and the MDT II CVRs (if
equity settled);
* each Holder of Allowed Other Secured Claims and Allowed
General Unsecured Claims are Unimpaired and satisfied in the
ordinary course of business;
* each Holder of Existing Equity Interests and Subordinated
Claims shall not receive any recovery;
* a Syndicated Exit Financing;
* a settlement of the 2025 First Lien Notes Makewhole Claims
and the 2028 First Lien Makewhole Claims; and
* a management incentive plan of up to 10% of the New Common
Equity on a fully diluted basis with the structure and grants to be
determined by the New Board of the Reorganized Parent.
Class 4 consists of General Unsecured Claims. Subject to Article
V.C of the Plan and except to the extent that a Holder of a General
Unsecured Claim agrees to less favorable treatment, in full and
final satisfaction, settlement, release, and discharge and in
exchange for each Allowed General Unsecured Claim, each Holder of
an Allowed General Unsecured Claim against a Debtor shall receive
payment in full in Cash in accordance with applicable law and the
terms and conditions of the particular transaction giving rise to,
or the agreement that governs, such Allowed General Unsecured Claim
on the later of (i) the date due in the ordinary course of business
or (ii) the Effective Date. This Class will receive a distribution
of 100% of their allowed claims.
The Restructuring Transactions shall not materially adversely
affect the recoveries under the Plan of (i) First Lien Term Loan
Claims without the consent of the Required Supporting First Lien
Term Loan Group Creditors, (ii) 2028 First Lien Notes Claims or
Second Lien Notes Claims without the consent of the Required
Supporting Crossover Group Creditors; and (iii) 2025 First Lien
Notes Claims without the consent of the Required Supporting 2025
Noteholder Group Creditors.
The Restructuring Transactions, as currently contemplated, will
take the form of a recapitalization of the existing corporate
group. The Debtors and the Supporting Funded Debt Creditors are
continuing to evaluate alternative structures, which may include a
taxable transfer of the Debtors' assets to a new entity or group of
entities, including a newly formed parent, and any such alternative
structure and the transaction steps required to implement such
alternative structure shall be described in the Transactions Steps
Plan.
A full-text copy of the Disclosure Statement dated August 28, 2023
is available at https://urlcurt.com/u?l=Ft40Ys from
PacerMonitor.com at no charge.
Proposed Counsel to the Debtors:
Mark D. Collins, Esq.
Michael J. Merchant, Esq.
Amanda R. Steele, Esq.
RICHARDS, LAYTON & FINGER, P.A.
One Rodney Square
920 N. King Street
Wilmington, Delaware 19801
Tel: (302) 651-7700
Fax: (302) 651-7701
Email: collins@rlf.com
merchant@rlf.com
steele@rlf.com
- and -
George A. Davis, Esq.
Anupama Yerramalli, Esq.
Adam S. Ravin, Esq.
Hugh K. Murtagh, Esq.
Christopher J. Kochman, Esq.
LATHAM & WATKINS LLP
1271 Avenue of the Americas
New York, New York 10020
Tel: (212) 906-1200
Fax: (212) 751-4864
E-mail: george.davis@lw.com
anu.yerramalli@lw.com
adam.ravin@lw.com
hugh.murtagh@lw.com
chris.kochman@lw.com
- and -
Jason B. Gott, Esq.
Asif Attarwala, Esq.
LATHAM & WATKINS LLP
330 North Wabash Avenue, Suite 2800
Chicago, Illinois 60611
Tel: (312) 876-7700
Fax: (312) 993-9767
E-mail: jason.gott@lw.com
asif.attarwala@lw.com
About Mallinckrodt plc
Mallinckrodt plc is global business consisting of multiple wholly
owned subsidiaries that develop, manufacture, market and distribute
specialty pharmaceutical products and therapies. 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.
Mallinckrodt plc and certain of its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 23-11258) on August 28,
2023.
Mallinckrodt plc disclosed $5,106,900,000 in assets and
$3,512,000,000 in liabilities as of June 30, 2023. Bryan M.
Reasons, authorized signatory, signed the petition.
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; Guggenheim
Securities, LLC as investment banker; and AlixPartners, LLP, as
restructuring advisor.
MANNA MADISON: Seeks to Hire Morrison Tenenbaum PLLC as Counsel
---------------------------------------------------------------
Manna Madison Avenue LLC d/b/a Gina La Fornarina seeks approval
from the U.S. Bankruptcy Court for the Southern District of New
York to employ Morrison Tenenbaum PLLC as counsel.
The firm's services include:
a. advising the Debtor with respect to its powers and duties
as Debtor-in-possession in the management of its estate;
b. assisting in any amendments of Schedules and other
financial disclosures and in the preparation/review/amendment of a
disclosure statement and plan of reorganization;
c. negotiating with the Debtor's creditors and taking the
necessary legal steps to confirm and consummate a plan of
reorganization;
d. preparing on behalf of the Debtor all necessary motions,
applications, answers, proposed orders, reports and other papers to
be filed by the Debtor in this case;
e. appearing before the Bankruptcy Court to represent and
protect the interests of the Debtor and the estate; and
f. performing all other legal services for the Debtor that may
be necessary and proper for an effective reorganization.
The firm will be paid at these rates:
Lawrence F. Morrison $595 per hour
Brian J. Hufnagel $525 per hour
Associates $380 per hour
Paraprofessionals $200 per hour
The firm will be paid a retainer in the amount of $9,500.
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Brian J. Hufnagel, Esq., a partner at Morrison Tenenbaum PLLC,
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:
Brian J. Hufnagel, Esq.
Morrison Tenenbaum PLLC
87 Walker Street, Floor 2
New York, NY 10013
Telephone: (212) 620-0938
Email: lmorrison@m-t-law.com
About Manna Madison Avenue LLC
d/b/a Gina La Fornarina
Manna Madison Avenue LLC d/b/a Gina La Fornarina, filed a Chapter
11 bankruptcy petition (Bankr. S.D.N.Y. Case No. 23-10951) on June
20, 2023. The Debtor hires Morrison Tenenbaum PLLC as counsel.
MAVENIR SYSTEMS: $145MM Bank Debt Trades at 23% Discount
--------------------------------------------------------
Participations in a syndicated loan under which Mavenir Systems Inc
is a borrower were trading in the secondary market around 77.0
cents-on-the-dollar during the week ended Friday, September 1,
2023, according to Bloomberg's Evaluated Pricing service data.
The $145 million facility is a Term loan that is scheduled to
mature on August 18, 2028. About $143.8 million of the loan is
withdrawn and outstanding.
Mavenir Systems, Inc. provides software-based networking solutions.
The Company offers internet protocol based voice, videos,
communication, and messaging services, as well as multimedia
subsystem, evolved packet core, and session border controller.
MERCY HOSPITAL: U.S. Trustee Appoints 2 New Committee Members
-------------------------------------------------------------
Mary Jensen, Acting U.S. Trustee for Region 12, appointed MediRevv,
Inc. and Owens & Minor as new members of the official committee of
unsecured creditors in the Chapter 11 cases of Mercy Hospital Iowa
City and its affiliates.
As of Sept. 1, the members of the committee are:
1. Altera Digital Health, Inc.
222 W Merchandise Mart Plaza #2024
Chicago, IL 60654
Contact Person: Kristin Steinkamp, Corporate Counsel
Phone: (816) 500-9650
Email: Kristin.steinkamp@alterahealth.com
2. J&K PMS, Inc.
6737 Brentwood Stair Road, Suite 200
Fort Worth, TX 76112
Contact Person: Kelly Mitchek, Vice President
Phone: (817)563-4306
Email: kmitchek@p-m-s.com
3. Medifis
2999 Olympus Blvd.
Dallas, TX 75019
Contact Person: Jackie Dumbrowski, Corporate Counsel
Phone: (866) 871-8519
Email: Jacqueline.dombrowski@amnhealthcare.com
4. Steindler Orthopedic Clinic
2751 Northgate Drive
Iowa City, IA 52245
Contact Person: Edward Patrick Magallanes President, CEO
Phone: (210) 410-2470
Email: pmagallanes@steindler.com
5. Cardinal Health
7000 Cardinal Pl
Dublin, OH 43017
Contact Person: Tyronza Walton, Credit Manager
Phone: (614)553-3154
Email: tyronza.walton@cardinalhealth.com
6. MediRevv, Inc.
2651 Crosspark Road, Level 2
Coralville, IA 52241
Contact Person: Lauren Newman, Chief Financial Officer
Phone: (858)354-0610
Email: lauren.newman@acclara.com
7. Owens & Minor
9120 Lockwood Blvd
Mechanicsviille, VA 23116-2015
Contact Person: Jerry Hunt, Credit Manager
Phone: (804)723-7546
Email: jerry.hunt@owens-minor.com
About Mercy Hospital, Iowa City, Iowa
Mercy Hospital, Iowa City, Iowa is a Catholic-based Iowa nonprofit
corporation and a tax-exempt organization described in Section
501(c)(3) of the Internal Revenue Code of 1986 (as amended) that
operates an acute care community hospital and clinics located in
Iowa City, Iowa and surrounding communities.
Mercy Hospital and affiliates, Mercy Iowa City ACO, LLC and Mercy
Services Iowa City, Inc. sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D. Iowa Lead Case No. 23-00623) on
Aug. 7, 2023. In its petition signed by Mark E. Toney, chief
restructuring officer, Mercy Hospital disclosed up to $500 million
in both assets and liabilities.
Judge Thad J. Collins oversees the cases.
The Debtors tapped Nyemaster Goode, P.C and McDermott Will & Emery
LLP as bankruptcy co-counsel; Toneykorf Partners, LLC to provide
interim management services; H2C Securities Inc. as investment
banker; and Epiq Corporate Restructuring, LLC as notice and claims
agent.
Mary Jensen, Acting U.S. Trustee for Region 12, appointed an
official committee to represent unsecured creditors in the Debtors'
Chapter 11 cases.
NAPA MANAGEMENT: $610MM Bank Debt Trades at 24% Discount
--------------------------------------------------------
Participations in a syndicated loan under which NAPA Management
Services Corp is a borrower were trading in the secondary market
around 76.3 cents-on-the-dollar during the week ended Friday,
September 1, 2023, according to Bloomberg's Evaluated Pricing
service data.
The $610 million facility is a Term loan that is scheduled to
mature on February 18, 2029. About $0 million of the loan is
withdrawn and outstanding.
NAPA Management Services Corporation offers practice management
services. The Company provides accounting, billing, consulting,
medical personnel contracting, healthcare analyzes, financing,
human resources, information technology, insurance, marketing, and
operational support services.
NASHVILLE SENIOR CARE: U.S. Trustee Appoints Creditors' Committee
-----------------------------------------------------------------
The U.S. Trustee for Region 8 appointed an official committee to
represent unsecured creditors in the Chapter 11 cases of Nashville
Senior Care, LLC and its affiliates.
The committee members are:
1. Quality Care Rehab
Nick Samarkos
8477 S. Suncaost Blvd
Homosassa FL 34446
Phone: 727-580-9505
Email: nsamarkos@therapymgmt.com
2. Gordon Food Service, Inc.
Julie LaMar
1300 Gezon Pkwy SW
Wyoming, MI 49509
Phone: 616-717-6427
Email: julie.lamar@gfs.com
3. Functional Pathways of Tennessee, LLC
Traci McCullough
10133 Sherrill Blvd., Suite 200
Knoxville, TN 37932
Phone: 865-392-2803
Email: tmccullough@fprehab.com
4. Skilled Care Pharmacy LLC
Joe Cesta
6175 Hi Tek Court
Mason, OH 45040
Phone: 513-383-4290
Email: joec@skilledcare.com
5. Consolidated Staffing, Inc.
Amos Maley
P.O. Box 198373
Nashville, TN 37219
Email: legal@maleylaw.com
6. Triumph Staffing, LLC
Yolanda Adams
555 Marriott Drive, Suite 315
Nashville, TN 37214
Email: yolanda@triumphstaffingllc.com
7. Associated Pathologists LLC
Charles Reitano
5301 Virginia Way
Brentwood, TN 37027
Phone: 609-97-6685
Email: chreitano@pathgroup.com
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent. They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.
About Nashville Senior Care
Nashville Senior Care, LLC and affiliates are comprised of five
senior living communities and one Medicare-certified home health
agency affiliated with the Trousdale Foundation. All of the real
estate associated with the senior living communities is owned by
the Debtors.
The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Tenn. Lead Case No. 23-02924) on
August 14, 2023. In the petition signed by Thomas Johnson,
executive director, the Debtors disclosed $50 million to $100
million in assets and $100 million to $500 million in liabilities.
Judge Marian F. Harrison oversees the case.
The Debtors tapped McDonald Hopkins, LLC and Emergelaw, PLC as
bankruptcy counsel; Houlihan Lokey Capital, Inc. as investment
banker; and Stretto, Inc. as notice, claims and balloting agent.
NCR CORP: S&P Affirms 'B+' ICR on Spin-Off Transaction
------------------------------------------------------
S&P Global Ratings affirmed its 'B+' issuer rating on NCR Corp.
(NCR Voyix post-separation) and removed the rating from the
CreditWatch, where it had been placed with developing implications
Sept. 22, 2022.
At the same time, S&P affirmed its 'BB' issue-level rating, with a
'1' recovery rating, on the company's senior secured credit
facilities.
Finally, S&P raised its issue-level rating on NCR's unsecured debt
to 'B+' from 'B', given the expected significant reduction of
secured debt. S&P revised the recovery rating on the debt to '4'
from '5.'
The stable outlook reflects S&P's expectation for 3%-4% revenue
growth and FOCF improvement to about $325 million over the
following 12 months, post-transaction close because recurring and
contracted sources comprise a meaningful portion of revenues. S&P
also expect meaningful deleveraging to below 5x over the same time
frame.
Following the spin-off of its ATM and debit network businesses, NCR
Corp. (NCR Voyix post-separation) will focus on digital commerce
including retail, hospitality, and digital banking.
NCR benefits from a good market position but faces increasing
competition from newer entrants. S&P said, "We believe that,
despite losing some business diversity, NCR still has good business
scale and competitive positioning in the retail and hospitality
markets. The company is a leading player in point-of-sale (POS) and
self-checkout systems (SCO) and is well-positioned to grow
steadily. We expect banking digitalization trends, increasing
payment processing penetration, growth in POS, and SCO technology
upgrades and software solutions in these industries will create
opportunities for revenue and profit growth. In addition, the
company benefits from long-term customer contracts with leading
global brands in the retail and hospitality markets that support
its competitive offerings. While we expect NCR's position as the
incumbent provider to large customers will help business stability
over the next couple of years, we also note that these markets are
highly fragmented and competition is intensifying from newer cloud
software providers in the retail and hospitality markets, such as
Toast and Block, that focus on smaller clients, and that more
diversified legacy POS providers, such as Oracle (Micros Systems)
and Global Payments, could continue to gain market share."
NCR likely faces increased business execution risk during the
separation as a stand-alone entity. Although NCR will maintain good
scale relative to that of similarly rated peers, S&P believes its
large-scale separation and reduced business diversity are negative
credit considerations. NCR will likely face high business execution
risks and could incur higher-than-expected costs given its reduced
business scale and investments as a stand-alone entity. S&P expects
the company will make progress related to its spin-off, but
competitive industry conditions and its large-scale separation that
requires management's focus might make it difficult to achieve
financial targets.
NCR has high recurring revenue sources but operates at lower
profitability when compared with its pure-play larger-scaled
processor peers. The company not only benefits from high recurring
revenues (about 55%), aided by hardware-attached software
solutions, maintenance services, and managed services, but also has
a strong reliance on POS, as well as SCO hardware and payment
transaction processing revenues, particularly in its payments and
digital banking businesses. S&P said, "We believe this provides
good visibility; however, larger-scale processors (such as Fiserv
and FIS) generally benefit from stronger recurring revenues (more
than 80%) and meaningfully higher adjusted EBITDA margin of 40%
when compared with NCR's about 15% expected in 2023. We view this
divergence among peers as driven by the company's meaningful
hardware exposure at about 30% of total revenues historically. In
addition, we consider NCR's profitability as somewhat lower than
that of companies that have meaningful hardware exposure such as
Worldline and Verifone, with margins in the 20% area."
NCR is weakly positioned in the 'B+' rating category given its
elevated adjusted leverage, but FOCF growth is an offset. S&P said,
"We expect NCR's pro forma adjusted leverage at March 31, 2023,
elevated above 6.5x (or reported debt to EBITDA of about 4.3x)
initially and weaker relative to that of similarly rated peers.
Despite reduced business scale and diversity, the company's pro
forma adjusted debt to EBITDA exceeds the historical 4x-5x range
(before the Cardtronics acquisition in June 2021). In addition, we
expect transaction and separation costs will likely burden FOCF
generation, at least initially. Our rating on NCR accounts for
these factors as temporary and a lower interest expense burden to
support good FOCF generation of about $325 million or FOCF to debt
at about 12%. Although we expect FOCF to increase, NCR will likely
need to reinvest in the business, which could include acquisitions.
The company has low prepayable debt limiting gross debt reduction
over the next couple of years, though its bonds due 2028 are
callable beginning October 2023. Our adjustments treat the
company's $275 million preferred shares outstanding as debt and all
capitalized software development costs as expenses. The capital
structure has not been finalized but we expect total funded debt
will be reduced to about $2.5 billion at close using proceeds from
NCR ATMCo LLC (NCR Atleos post-separation). This compares to $5.4
billion at June 30, 2023."
S&P said, "The stable outlook reflects our expectation for 3%-4%
revenue growth and FOCF improvement to about $325 million over the
following 12 months post-transaction close as the company benefits
from steady penetration of existing POS clients and growing demand
for self-service solutions (SCO). This should support some
deleveraging to below 5x over the next 12 months post close of the
transaction.
"We could lower the rating if the company experiences operational
challenges stemming from the business separation, incurs
higher-than-expected separation and transactions costs such that we
expect adjusted leverage to remain above 5x, or if normalized FOCF
will not improve to $325 million or about 10% of adjusted total
debt."
An upgrade over the next 12 months is unlikely given the company's
higher business execution risk as a stand-alone entity. S&P could
upgrade NCR if it establishes a track history of steady revenue
growth and EBITDA base expansion, offsetting increasing competition
from cloud-based vendors in the retail and hospitality end markets
while maintaining adjusted leverage below 4x and FOCF to debt above
10%.
NOVAN INC: Hires Smith Anderson Blount as Corporate Counsel
-----------------------------------------------------------
Novan Inc. and its affiliates seeks approval from the U.S.
Bankruptcy Court for the District of Delaware to employ Smith,
Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP as corporate
counsel.
The firm will provide provide business, corporate, securities,
employment and transactional legal services to the Debtor in the
Chapter 11 bankruptcy case.
The firm will be paid at these rates:
Partners $425 to $950 per hour
Of Counsel, Senior Counsel $405 to $840 per hour
Associates, Staff Attorneys $350 to $685 per hour
Paralegals $180 to $375 per hour
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
During the one-year period prior to the Petition Date, the firm
received payment from the Debtors in the amount of $1,019,043.59.
Of that amount, the firm received payments totaling $473,592.21
during the 90 days prior to the Petition Date. The firm does not
have any current retainer in place.
James R. Jolley, Esq., a partner at Smith, Anderson, Blount,
Dorsett, Mitchell & Jernigan, LLP, 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:
James R. Jolley, Esq.
Smith, Anderson, Blount, Dorsett,
Mitchell & Jernigan, LLP
150 Fayetteville Street
Raleigh, NC 27601
Tel: (919) 821-1220
About Novan Inc.
Based in Durham, North Carolina, Novan Inc. (Nasdaq: NOVNQ) is a
clinical development-stage biotechnology company focused on
leveraging nitric oxide's naturally occurring anti-viral,
anti-bacterial, anti-fungal and immunomodulatory mechanisms of
action to treat a range of diseases with significant unmet needs.
Nitric oxide plays a vital role in the natural immune system
response against microbial pathogens and is a critical regulator of
inflammation.
Novan Inc. and affiliate EPI Health, LLC, sought relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No. 23-10937) on July 17, 2023.
As of March 31, 2023, Novan disclosed $79,793,000 in assets against
$7,922,000 in liabilities.
Judge Laurie Selber Silverstein oversees the case.
The Debtors tapped MORRIS, NICHOLS, ARSHT & TUNNELL LLP as counsel,
SIERRA CONSTELLATION PARTNERS, LLC, as financial advisor, and
RAYMOND JAMES AND ASSOCIATES as investment banker. SMITH,
ANDERSON, BLOUNT, DORSETT, MITCHELL & JERNIGAN, L.L.P., is special
counsel. KURTZMAN CARSON CONSULTANTS, LLC, is the claims agent.
OLAPLEX INC: $675MM Bank Debt Trades at 16% Discount
----------------------------------------------------
Participations in a syndicated loan under which Olaplex Inc is a
borrower were trading in the secondary market around 83.9
cents-on-the-dollar during the week ended Friday, September 1,
2023, according to Bloomberg's Evaluated Pricing service data.
The $675 million facility is a Term loan that is scheduled to
mature on February 23, 2029. About $666.6 million of the loan is
withdrawn and outstanding.
Olaplex, Inc. is a producer of specialty haircare products
featuring a proprietary, patented formula to protect and restore
damaged hair. The company's products focus on repairing the
chemical bonds in hair that are damaged by coloring and other
treatments. The company develops, markets, and distributes its
products throughout the US and to over 60 countries around the
world. Olaplex generated $632 million of revenue for the 12 months
ending March 31, 2023. Private equity firm Advent International
acquired the company in a leveraged buyout in January 2020 and
currently owns approximately 77% of the company. Olaplex's parent
company Olaplex Holdings, Inc. (NASDAQ: OLPX) is publicly traded
since September 2021.
ORCHARD TRAILS: Seeks to Hire Associates as Attorney
----------------------------------------------------
Orchard Trails, LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of Florida to employ The Associates as
attorney.
The firm will provide these services:
a. give advice to the debtor with respect to its powers and
duties as debtor in possession and the continued management of its
business operations;
b. advise the debtor with respect to its responsibilities in
complying with the US Trustee's Operating Guidelines and Reporting
Requirements and with the rules of the court;
c. prepare motions, pleadings, orders, applications, adversary
proceedings, and other legal documents necessary in the
administration of the case;
d. protect the interest of the debtor in all matters pending
before the court; and
e. represent the debtor in negotiation with its creditors in
the preparation of a plan.
The firm will be paid at these rates:
Attorneys $475 per hour
Paralegals $135 to 155 per hour
The firm will be paid a retainer in the amount of $50,000 plus a
cost of retainer of $2,000 per case.
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
David Lloyd Merrill, Esq., a partner at The Associates, 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:
David Lloyd Merrill
The Associates
2401 PGA Boulevard, Suite 280M
Palm Beach Gardens, FL 33410
Tel: (561) 877-1111
About Orchard Trails
Orchard Trails, LLC, a company in Farmington, Mich., filed a
petition under Chapter 11, Subchapter V of the Bankruptcy Code
(Bankr. S.D. Fla. Case No. 23-14894) on June 22, 2023, with
$500,000 to $1 million in assets and $1 million to $10 million in
liabilities. Stavros Triant, chief executive officer, signed the
petition.
Judge Scott M. Grossman oversees the case.
David L. Merrill, Esq., at The Associates is the Debtor's legal
counsel.
PECF USS INTERMEDIATE: $2BB Bank Debt Trades at 18% Discount
------------------------------------------------------------
Participations in a syndicated loan under which PECF USS
Intermediate Holding III Corp is a borrower were trading in the
secondary market around 81.6 cents-on-the-dollar during the week
ended Friday, September 1, 2023, according to Bloomberg's Evaluated
Pricing service data.
The $2 billion facility is a Term loan that is scheduled to mature
on December 15, 2028. About $1.97 billion of the loan is withdrawn
and outstanding.
PECF USS Intermediate Holding III Corporation is the issuing entity
for a debt extended to United Site Services Inc., a provider of
portable sanitation and related site services.
POLK AZ: Hires R.O.I. Properties, LLC as Real Estate Broker
-----------------------------------------------------------
POLK AZ, LLC seeks approval from the U.S. Bankruptcy Court for the
District of Arizona to employ R.O.I. Properties, LLC as real estate
broker.
The firm will market and sell the Debtor's real property located at
2126 E. Polk St., 2148 E. Polk St., and 411 N. 21st Place.
The firm will be paid at the rate of 6 percent of the total sale
price of the Property. If ROI identifies the eventual purchaser and
is not required to split the commission,
ROI shall be paid a five percent commission. If any other party,
including the
Trustee or secured creditor Haymarket Insurance Company, identifies
the eventual
buyer who is not represented by a third-party broker, after
delivery of a prospective
buyer list to ROI within 3 business days of court approval of this
Application to
Employ, ROI shall be paid a four percent commission.
Beth Jo Zeitzer, a partner at R.O.I. Properties, 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:
Beth Jo Zeitzer
R.O.I. Properties, LLC
2425 E. Camelback Rd., Suite 150
Phoenix, AZ 85016
Tel: (602) 319-1326
Email: bjz@roiproperties.com
About Polk AZ, LLC
Polk AZ, LLC, a company in Phoenix, Ariz., filed its voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
D. Ariz. Case No. 23-02396) on April 16, 2023, with $1 million to
$10 million in both assets and liabilities. Judge Madeleine C.
Wanslee oversees the case.
Judge Madeleine C. Wanslee oversees the case.
The Law Office of Mark J. Giunta serves as the Debtor's bankruptcy
counsel.
POWER BRANDS: U.S. Trustee Appoints Creditors' Committee
--------------------------------------------------------
The U.S. Trustee for Region 16 appointed an official committee to
represent unsecured creditors in the Chapter 11 case of Power
Brands Consulting, LLC.
The committee members are:
1. CitiStaff Solutions Inc.
1111 W. Town and Country Rd., Suite 27
Orange, CA 92868
Attn: Jack H. Pogosian, Esq.
Tel: (714) 474-2380
Email: jpogosian@citistaffsolutions.com
2. Iovate Health Sciences International Inc.
381 North Service Road West,
Oakville, Ontario
L6M 0h4, Canada
Attn: James Robinson
Tel: (905) 678-4044
Email: james.robinson@iovate.com
3. Carol Quintanilla
c/o Miriam L. Schimmel, Esq.
Blackstone Law APC
8383 Wilshire Boulevard, Suite 745
Beverly Hills, CA 90211
Tel: (424) 672-7278
Email: mschimmel@blackstonepc.com
4. Recoup Beverage, Inc.
20 W 72nd St. Ste #1006A
New York, NY 10023
Attn: Siwat Siengsanaoh
Tel: (917) 703-2271
Email: siwat@recoupbeverage.com
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent. They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.
About Power Brands Consulting
Power Brands Consulting, LLC is a beverage startup specialist that
helps design and develop packaging, create a recipe for new drink
and manufacture and market test new products.
Power Brands Consulting filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Calif. Case
No. 23-10993) on July 15, 2023. The petition was signed by Darin
Ezra as chief executive officer. At the time of filing, the Debtor
estimated $1 million to $10 million in both assets and
liabilities.
Judge Martin R. Barash presides over the case.
Robert P. Goe, Esq., at Goe Forsythe & Hodges, LLP represents the
Debtor as counsel.
POWER STOP: $395MM Bank Debt Trades at 17% Discount
---------------------------------------------------
Participations in a syndicated loan under which Power Stop LLC is a
borrower were trading in the secondary market around 83.1
cents-on-the-dollar during the week ended Friday, September 1,
2023, according to Bloomberg's Evaluated Pricing service data.
The $395 million facility is a Term loan that is scheduled to
mature on January 26, 2029. The amount is fully drawn and
outstanding.
Power Stop LLC manufactures and distributes auto parts. The Company
offers brake pads and calipers, rotor kits, sensors wires, and
other braking systems for cars, trucks, SUVs, duty trucks and tows,
and utility vehicles.
QAD REALTY: Hires Alfred Bruno of Ctre LLC as Real Estate Person
----------------------------------------------------------------
QAD Realty, LLC seeks approval from the U.S. Bankruptcy Court for
the Southern District of New York to employ Alfred Bruno of CTRE
LLC d/b/a Berkshire Hathaway Home Homeservices New York Properties
as real estate broker.
The firm will market and sell the Debtor's real property located at
631-635 Center Avenue, Mamaroneck, NY 10543.
The firm will be paid a commission of 6 percent of the gross
selling price.
Alfred Bruno, a partner at Alfred Bruno of Ctre LLC, 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:
Alfred Bruno
CTRE LLC
484 White Plains Rd, # 1
Eastchester, NY 10709
Tel: (914) 779-1700
About QAD Realty, LLC
QAD Realty owns and manages real property.
QAD Realty, LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
23-22336) on May 4, 2023. The petition was signed by Quentin Solano
as sole member. At the time of filing, the Debtor estimated
$1,500,866 in assets and $1,555,357 in liabilities.
James J. Rufo, Esq. at the Law Office of James J. Rufo represents
the Debtor as counsel.
QST INGREDIENTS: Hires Wesler & Associates as Accountants
---------------------------------------------------------
QST Ingredients and Packaging Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Nevada to employ Wesler &
Associates as accountants.
The firm will provide these services:
a. prepare and file estate tax returns; and
b. review prior year's tax returns and any additional
documents that are necessary to complete the tax returns.
The firm will be paid at these rates:
Cheryl Wesler, CPA $295 per hour
Kristin Lytle, CPA $225 per hour
Support Staff $150 per hour
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Cheryl Wesler, a partner at Wesler & Associates, 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:
Cheryl Wesler
Wesler & Associates, CPA PC
6523 Stadium Drive
Kalamazoo, MI 49009
Tel: (269) 482-1015
Email: Cheryl@weslercpa.com
About QST Ingredients and Packaging
QST Ingredients and Packaging, Inc. owns and operates a smoke
flavoring manufacturing business in Cookeville, Tenn.
QST Ingredients and Packaging sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 22-13383) on
Sept. 21, 2022. In the petition signed by its chief executive
officer, Marc Rinehart, Sr., the Debtor disclosed as much as $10
million in both assets and liabilities.
Judge Mike K. Nakagawa oversees the case.
Ryan Andersen, Esq., at Andersen Law Firm, Ltd. and Butler Snow,
LLP serve as the Debtor's bankruptcy counsel and special counsel,
respectively.
RANDAZZO'S CLAM: Oct. 3 Plan Confirmation Hearing Set
-----------------------------------------------------
Randazzo's Clam Bar of NY Inc. filed with the U.S. Bankruptcy Court
for the Eastern District of New York a motion for an order
approving the Disclosure Statement.
On August 28, 2023, Judge Nancy Hershey Lord granted the motion and
ordered that:
* the Disclosure Statement is approved;
* October 3, 2023 at 10:30 a.m. at Conrad B. Duberstein United
States Courthouse, 271-C Cadman Plaza East, Courtroom, Brooklyn,
New York 11201, is the hearing on confirmation of Plan;
* September 26, 2023 is fixed as the last day to complete and
sign ballots accepting or rejecting Plan in order to be counted
with respect to voting on the Plan;
* September 26, 2023 is fixed as the last day for any party
seeking to object to confirmation of Plan to file its objection to
confirmation;
* September 29, 2023 is fixed as the last day to file any
replies to objections to confirmation of the Plan.
A full-text copy of the order dated August 28, 2023 is available at
https://urlcurt.com/u?l=QW4SWX from PacerMonitor.com at no charge.
Attorney for the Debtor:
Vincent M. Lentini, Esq.
1129 Northern Blvd., Suite 404
Manhasset, NY 11030
Tel: (516) 228-3214
E-mail: vincentmlentini@gmail.com
About Randazzo's Clam Bar of NY
Randazzo's Clam Bar NY Inc. operates a world-famous seafood
restaurant in Brooklyn, NY.
The Debtor filed a Chapter 11 bankruptcy petition (Bankr. E.D.N.Y.
Case No. 23-41151) on April 3, 2023, with as much as $1 million in
assets and $100,001 to $500,000 in liabilities. Judge Nancy
Hershey Lord oversees the case.
The Debtor tapped Vincent M. Lentini, Esq., as bankruptcy attorney
and Ross Strent and Company, LLP, as accountant.
Secured creditors Novac Equities, LLC and Forever Funding, LLC are
represented by Todd A. Zuckerbrod, Esq.
RETROVISION LLC: Taps Kerkman & Dunn as Bankruptcy Counsel
----------------------------------------------------------
Retrovision, LLC and 2580RootRiverParkway, LLC seek approval from
the U.S. Bankruptcy Court for the Eastern District of Wisconsin to
employ Kerkman & Dunn as counsel.
The Debtors require legal counsel to:
(a) Give advice and assist the Debtors with respect to their
duties and powers under the Bankruptcy Code;
(b) Advise the Debtors on the conduct of their Chapter 11
cases;
(c) Attend meetings and negotiate with representatives of the
creditors and other parties involved in the Debtors' bankruptcy
cases;
(d) Prosecute actions on behalf of the Debtors, defend actions
commenced against them, and represent their interests in
negotiations concerning any litigation in which they are involved;
(e) Prepare pleadings;
(f) Advise the Debtors in connection with any potential sale
of assets;
(g) Appear before the court;
(h) Assist the Debtors in preparing, negotiating, and
implementing a Chapter 11 plan, and advise with respect to any
rejection and reformulation of a plan, if necessary;
(i) Assist and advise the Debtors in state court actions
related to judgments and collection actions initiated by or against
the Debtors that are necessary for an effective reorganization;
and
(j) Perform other necessary or appropriate legal services.
The hourly rates of the firm's counsel and staff are as follows:
Jerome R. Kerkman $525
Evan P. Schmit $435
Gregory M. Schrieber $410
Nicholas W. Kerkman $295
Non-Attorney Paraprofessionals $125
In addition, the firm will seek reimbursement for expenses
incurred.
Evan Schmit, Esq., an attorney at Kerkman & Dunn, disclosed in a
court filing that the firm is a "disinterested person" as defined
in Section 101(14) of the Bankruptcy Code.
The firm can be reached through:
Evan P. Schmit, Esq.
Kerkman & Dunn
839 N. Jefferson St., Suite 400
Milwaukee, WI 53202
Telephone: (414) 277-8200
Facsimile: (414) 277-0100
Email: eschmit@kerkmandunn.com
About Retrovision and 2580RootRiverParkway
Retrovision, LLC and 2580RootRiverParkway, LLC filed petitions
under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D.
Wis. Lead Case No. 23-23769) on Aug. 21, 2023. At the time of the
filing, Retrovision reported $1 million to $10 million in assets
and $100,000 to $500,000 in liabilities while 2580RootRiverParkway
reported $100,001 to $500,000 in both assets and liabilities.
Judge Beth E. Hanan oversees the cases.
Evan P. Schmit, Esq., at Kerkman & Dunn represents the Debtors as
legal counsel.
REVERE POWER: $445MM Bank Debt Trades at 16% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Revere Power LLC is
a borrower were trading in the secondary market around 84.2
cents-on-the-dollar during the week ended Friday, September 1,
2023, according to Bloomberg's Evaluated Pricing service data.
The $445 million facility is a Term loan that is scheduled to
mature on March 29, 2026. About $422 million of the loan is
withdrawn and outstanding.
Revere Power LLC is a project-financed entity that wholly owns and
controls three combined cycle gas plants in New England with a
combine winter capacity of 1,143 megawatts.
ROWAN SAWDUST: Seeks to Sell Property to Truckworx for $95,000
--------------------------------------------------------------
Rowan Sawdust and Shavings, LLC asked the U.S. Bankruptcy Court for
the Northern District of Alabama to approve the sale of its
personal property to Truckworx for $95,000.
The property -- a 2020 Peterbilt 386 -- is subject to a lien in
favor of Ascentium Capital, LLC in the amount of $60,297.77.
Rowan Sawdust and Shavings will use the proceeds to pay the balance
owed to Ascentium Capital, pay its administrative expenses and fund
its Chapter 11 plan of reorganization.
The hearing on the proposed sale is scheduled for Sept. 21.
About Rowan Sawdust and Shavings
Rowan Sawdust and Shavings, LLC offers animal bedding and transport
services. The company is based in Altoona, Ala.
Rowan Sawdust and Shavings filed voluntary Chapter 11 petition
(Bankr. N.D. Ala. Case No. 22-40262) on March 21, 2022, with up to
$50,000 in assets and $1 million to $10 million in liabilities.
Kevin Rowan, manager, signed the petition.
Judge James J. Robinson oversees the case.
Tameria S. Driskill, Esq., at Williams Driskill Huffstutler & King
serves as the Debtor's legal counsel.
On April 4, 2023, the court confirmed the Debtor's Chapter 11 plan
of reorganization.
SHERMAN/GRAYSON: Ombudsman Hires Klehr Harrison as Counsel
----------------------------------------------------------
Daniel T. McMurray, the appointed Ombudsman of Sherman/Grayson
Hospital, LLC seeks approval from the U.S. Bankruptcy Court for the
District of Delaware to employ Klehr Harrison Harvey Branzburg LLP
as counsel.
The firm's services include:
a. providing legal advice regarding the Local Rules,
practices, precedent, regulations, and procedures and providing
substantive and strategic advice on how to accomplish the
Ombudsman's goals in connection with his duties in these cases,
bearing in mind that the Court relies on Delaware co-counsel such
as Klehr Harrison to be involved in all aspects of each bankruptcy
proceeding;
b. appearing in Court, depositions, and at any meeting with
the U.S. Trustee and any meeting at any given time on behalf of the
Ombudsman as his Delaware co-counsel;
c. performing various services in connection with the
Ombudsman's duties in these cases, including, without limitation,
(i) preparing certificates of no objection, certifications of
counsel, notices of fee applications and hearings,(ii) in
consultation with the Ombudsman's counsel, Neubert Pepe & Monteith.
P.C. ("NPM") monitoring the docket for filings and coordinating
with NPM on pending matters that need responses, (iii) preparing
and maintaining critical dates memoranda to monitor pending
applications, motions, hearing dates and other matters and the
deadlines associated with the same impacting the Ombudsman, (iv)
generally prepare and/or assist in preparation, and file on behalf
of the Ombudsman all necessary motions, notices, applications,
answers, orders, reports and papers in support of positions taken
by the Ombudsman, and (v) handling inquiries and calls from
creditors and counsel to interested parties regarding pending
matters relating to the Ombudsman's duties and coordinating with
NPM on any necessary responses;
d. reviewing, commenting and/or preparing drafts of documents
and other materials, and ensuring compliance with the Local Rules,
to be filed with the Court as co-counsel to the Ombudsman and/or
served on parties or third parties in these Chapter 11 cases;
e. representing the Ombudsman in coordination with NPM in any
proceeding or hearing in this Court and in any action in other
courts where the rights of the patients generally may be litigated
or affected as a result of those cases; and
f. performing all other services assigned by the Ombudsman, in
consultation with NPM, to Klehr Harrison as co-counsel to the
Ombudsman, and to the extent that Klehr Harrison determines that
such services fall outside of the scope of services historically or
generally performed by Klehr Harrison as co-counsel in a bankruptcy
proceeding, Klehr Harrison will file a supplemental declaration.
The firm will be paid at these rates:
Partners $400 to $840 per hour
Counsel $360 to $500 per hour
Associates $285 to $425 per hour
Paralegals $205 to $295 per hour
The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.
Raymond H. Lemisch, a partner at Klehr Harrison Harvey Branzburg
LLP, 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:
Raymond H. Lemisch, Esq.
Klehr Harrison Harvey Branzburg LLP
919 N. Market Street, Suite 1000
Wilmington, DE 19801-3062
Tel: (302) 426-1189
Fax: (302) 426-9193
About Sherman/Grayson Hospital, LLC
Sherman/Grayson Hospital, LLC is the operator of Wilson N. Jones
Regional Medical Center, a 207-bed acute care hospital in Sherman,
Texas.
Sherman/Grayson Hospital sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 23-10810) on June 23,2023,
with $1 million to $10 million in assets and $50 million to$100
million in liabilities. Judge J. Kate Stickles oversees the case.
Leonard M. Shulman, Esq., at Shulman Bastian Friedman & Bui, LLP
and Rosner Law Group, LLC serve as the Debtor's bankruptcy counsel
and Delaware counsel, respectively.
The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors in the Debtor's Chapter 11 case. The
committee tapped Potter Anderson & Corroon, LLP and RK Consultants,
LLC as legal counsel and financial advisor.
SLV GMBH: EUR397MM Bank Debt Trades at 16% Discount
---------------------------------------------------
Participations in a syndicated loan under which SLV GmbH is a
borrower were trading in the secondary market around 83.5
cents-on-the-dollar during the week ended Friday, September 1,
2023, according to Bloomberg's Evaluated Pricing service data.
The EUR397 million facility is a Term loan that is scheduled to
mature on January 3, 2024. The amount is fully drawn and
outstanding.
SLV GmbH provides lighting products. The Company offers lamps,
pendant, fittings, transformers, control devices, and electrical
products. The Company's country of domicile is Germany.
STAT EMERGENCY: Seeks to Sell Properties to Corunna for $5,000
--------------------------------------------------------------
STAT Emergency Medical Services, Inc. and Huntington Bank N.A.
filed with the U.S. Bankruptcy Court for the Eastern District of
Michigan a joint motion seeking approval to sell certain properties
to Corunna Area Ambulance Services for $5,000.
The properties, which include supplies for emergency ambulance
services, will be sold "free and clear" of liens, claims,
interests, and encumbrances.
STAT will use the proceeds to pay Huntington Bank, which asserts a
lien on the company's assets.
STAT is indebted to the bank pursuant to a promissory note in the
original principal amount of $349,479.66 and a promissory note in
the original principal amount of $3,487,000, plus accrued interest,
attorney fees and costs.
About STAT Emergency
STAT Emergency Medical Services, Inc. filed a petition under
Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. Mich.
Case No. 23-31085) on July 5, 2023, with as much as $50,000 in
assets and $1 million to $10 million in liabilities. Charles
Mouranie of CMM & Associates has been appointed as Subchapter V
trustee.
Judge Joel D. Applebaum oversees the case.
The Debtor tapped Kim K. Hillary, Esq., at Schafer and Weiner, PLLC
as legal counsel and Wesler & Associates, CPA, PC as accountant.
TEAM HEALTH: $1.59BB Bank Debt Trades at 19% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Team Health
Holdings Inc is a borrower were trading in the secondary market
around 80.6 cents-on-the-dollar during the week ended Friday,
September 1, 2023, according to Bloomberg's Evaluated Pricing
service data.
The $1.59 billion facility is a Term loan that is scheduled to
mature on February 2, 2027. The amount is fully drawn and
outstanding.
Team Health Holdings, Inc. is a provider of physician staffing and
administrative services to hospitals and other healthcare providers
in the U.S.
TONY'S COURTYARD: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
The U.S. Trustee for Region 15 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Tony's Courtyard, LLC.
About Tony's Courtyard
Tony's Courtyard, LLC filed Chapter 11 petition (Bankr. S.D. Calif.
Case No. 23-02291) on Aug. 2, 2023, with $1 million to $10 million
in both assets and liabilities. Judge Margaret M. Mann oversees the
case.
The Debtor is represented by the Law Offices of Quintin G. Shammam.
US RENAL CARE: $1.25BB Bank Debt Trades at 49% Discount
-------------------------------------------------------
Participations in a syndicated loan under which US Renal Care Inc
is a borrower were trading in the secondary market around 50.9
cents-on-the-dollar during the week ended Friday, September 1,
2023, according to Bloomberg's Evaluated Pricing service data.
The $1.25 billion facility is a Term loan that is scheduled to
mature on June 28, 2028. The amount is fully drawn and
outstanding.
U.S. Renal Care is a dialysis provider available for people living
with chronic and acute renal disease.
USUGA MANAGEMENT: Property Sale Proceeds to Fund Plan
-----------------------------------------------------
Usuga Management, LLC, filed with the U.S. Bankruptcy Court for the
Northern District of Texas a Disclosure Statement for Plan of
Reorganization dated August 29, 2023.
The Debtor is the owner of the real property located at 8100
Lakeview Parkway, Rowlett, Texas 75088 (the "Property"). The
Debtor's scheduled aggregate assets in the amount of $1,620,000.00
as of the Petition Date, consisting of the Property.
The Plan is a Plan of Reorganization. The Debtor will continue its
business after Confirmation of this Plan.
Under the Plan the Debtor will make installment payments with
interest to all Creditors pending the sale of the Property, and
once the property is sold the Debtor will pay all Claims in full.
The owner of the Equity Interests in the Debtor (the "Owner") will
provide the funds to make the Plan payments called for by this
Plan.
This Plan pays all Allowed Secured and Unsecured Claims in full,
with interest. Therefore, the Plan pays Claimants at least as much
as they would receive in a Chapter 7 liquidation.
Class 4 consists of Allowed General Unsecured Claims other than
Insider Claims. Class 4 Claimants shall be paid 100% of their
claims over 36 months from the Effective Date. Equal payments of
principal and interest at 2% per annum shall commence on the first
day of the first month following the Effective Date and continue on
the first day of each month thereafter for a total of 36 months. In
the event the Reorganized Debtor sells, conveys, or transfers the
Property before the expiration of 36 months from the Effective
Date, these Claims shall be paid in full at the closing of the sale
or transfer. These Claims are Impaired.
Class 5 shall consist of the Allowed Claims of Insiders of the
Debtor. Class 5 Claims shall receive nothing under this Plan. These
Claims are Impaired.
Class 6 shall consist of Allowed Equity Interests in the Debtor.
Class 6 Interests shall be retained by their owners but shall
receive no dividends or other distributions on these Interests
until Classes 1 to 4 are paid in full pursuant to this Plan. These
Interests are not Impaired.
The Reorganized Debtor will promptly market the Property for sale
and use the proceeds of sale to pay all Claims in full. Until the
sale occurs the Plan payments described above will be funded by the
Owner of the Debtor. The Owner of the Debtor operates a medical
practice and the medical practice will make the payments called for
by the Plan.
A full-text copy of the Disclosure Statement dated August 29, 2023
is available at https://urlcurt.com/u?l=bpUcU2 from
PacerMonitor.com at no charge.
Attorneys for Debtor:
Joyce W. Lindauer, Esq.
Joyce W. Lindauer Attorney, PLLC
1412 Main Street, Suite 500
Dallas, TX 75202
Telephone: (972) 503-4033
Facsimile: (972) 503-4034
Email: joyce@joycelindauer.com
About Usuga Management
Usuga Management LLC is the owner of the real property located at
8100 Lakeview Parkway, Rowlett, Texas 75088 (the “Property”).
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Texas Case No. 23-31165) on June 5,
2023. In the petition signed by Maria Usuga, manager, the Debtor
disclosed up to $10 million in assets and up to $500,000 in
liabilities.
Judge Stacey G. Jernigan oversees the case.
Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC,
represents the Debtor as legal counsel.
VALCOUR PACKAGING: $420MM Bank Debt Trades at 20% Discount
----------------------------------------------------------
Participations in a syndicated loan under which Valcour Packaging
LLC is a borrower were trading in the secondary market around 80.2
cents-on-the-dollar during the week ended Friday, September 1,
2023, according to Bloomberg's Evaluated Pricing service data.
The $420 million facility is a Term loan that is scheduled to
mature on September 30, 2028. The amount is fully drawn and
outstanding.
Valcour Packaging LLC, doing business as Mold-Rite Plastics,
provides high-quality plastic packaging components.
VESTTOO LTD: U.S. Trustee Appoints Creditors' Committee
-------------------------------------------------------
The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors in the Chapter 11 case of Vesttoo
Ltd.
The committee members are:
1. Clear Blue Specialty Insurance Company and subsidiaries
Attn: Daniel Kennedy
200 S. College St. #1910
Charlotte, NC 28202
Email: dkennedy@cbinsgroup.com
2. Homeowners of America Insurance Company
Attn: Adam Kornick and Matthew Cullen
411 First Avenue South, Suite 501
Seattle, WA 98104
Email: adamkornick@porch.com
matthewcullen@porch.com
3. Markel Bermuda Limited
Attn: Richard Grinnan
4521 Highwoods Parkway
Glen Allen, VA 23060
Phone: (804) 965-1717
Email: richard.grinnan@markel.com
4. Proventus Holdings, LP
Attn: Christopher Collins and Scott Geromette
6196 New Forsyth Road
Macon, GA 31210
Phone: (478) 320-2660
Email: ctc@thecorinthiangroup.us
scott.geromette@thecorinthiangroup.us
5. United Automobile Insurance Co.
Attn: Kerry Heitz
1313NW 167th Street
Miami Gardens, FL 33169
Phone: (954) 415-8088
Fax: (305) 430-8818
Email: kheitz@uaig.net
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent. They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.
Vesttoo's unsecured creditors committee is represented by Greenberg
Traurig, LLP.
About Vesttoo Ltd.
Vesttoo Ltd. is a technology-driven collateralized reinsurance
provider in Tel Aviv, Israel. It connects the insurance industry
with the capital markets by combining AI-powered technology with
expertise in data science, insurance, and finance.
Vesttoo and its affiliates sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. (Lead Case No. 23-11160) on
August 14 and 15, 2023.
The Honorable Bankruptcy Judge Mary F. Walrath oversees the case.
The Debtors tapped DLA Piper, LLP (US) as legal counsel and Kroll,
LLC as financial advisor. Epiq Corporate Restructuring, LLC is the
claims and administrative agent.
VITAL ENERGY: S&P Places 'B' ICR on CreditWatch Negative
--------------------------------------------------------
S&P Global Ratings placed all of its ratings on Vital Energy Inc.,
an Oklahoma-based crude oil and natural gas exploration and
production company, including its 'B' issuer credit and issue-level
ratings, on CreditWatch with negative implications.
The CreditWatch reflects the likelihood of a downgrade if the
company is unable to refinance its $456 million of 9.5% senior
unsecured notes due in January 2025, ahead of the notes becoming
current in January 2024.
The CreditWatch placement reflects the risk that Vital Energy's
liquidity position could deteriorate materially in the near term if
it is unable to refinance its debt maturity in a timely manner.
S&P said, "The company has $456 million of 9.5% senior unsecured
notes due Jan. 15, 2025, which become current on Jan. 15, 2024. If
these notes are not refinanced comfortably ahead of becoming
current, we believe the company's liquidity position would be
stretched and the company could breach its minimum 1x current ratio
covenant. In addition, if the January 2025 notes remain outstanding
on July 29, 2024, the company's RBL facility maturity would spring
forward by one year to this date, placing additional stress on
liquidity and the company's overall financial standing. The RBL had
$575 million drawn as of June 30, 2023, and has a nonspringing
maturity date of July 29, 2025. The company had about $72 million
of cash as of June 30, 2023, and we expect it will generate about
$150 million of free operating cash flow over the next 12 months,
which would be insufficient to repay the current drawn amount.
"We currently view Vital Energy's liquidity as adequate, but if the
company does not refinance its January 2025 notes before they
become current on January 15, 2024, we would likely revise our
assessment of its liquidity lower along with the ratings.
However, we believe Vital Energy has good prospects to raise
capital and refinance its notes.
"We believe it is likely that the company will secure some form of
new financing before the 2025 notes become current on January 15,
2024, which, depending on the terms, could support liquidity and
the current rating.
"The CreditWatch placement reflects the likelihood we could lower
our ratings on Vital Energy if the company is unable to refinance
its $456 million of 9.5% senior unsecured notes due in January 2025
before they become current, which would result in a diminished
liquidity position and a possible covenant breach. In addition, if
the 2025 notes remain outstanding on July 29, 2024, this would
cause the RBL maturity to spring forward to July 2024.
"We expect to resolve the CreditWatch placement within the next few
months."
WE KICK BRASS: Unsecureds to Get $2K per Month for 60 Months
------------------------------------------------------------
We Kick Brass, LLC, filed with the U.S. Bankruptcy Court for the
Southern District of Florida a Disclosure Statement for Plan of
Reorganization dated August 29, 2023.
The Debtor is a firearms retailer that was formed on May 18, 2020.
The managing members are Dawn Perez (85% owner) and JEZ Capital II,
LLC (15% owner).
All of the Debtor's income is derived from retail sales. The
Debtor leases property located at 9852 Southern Blvd West Palm
Beach, FL 33411. The Debtor is current with monthly rent but has a
pre-petition obligation for the common area maintenance charges.
The Debtor will be assuming the lease.
The company has been profitable since its inception. The financial
portion of the company was being handled by an employee. In July
2022, the employee convinced the principals to get a loan to
increase inventory. On or about July 27, 2022, the principals
agreed to a "Future Receipts Sale Agreement" which resulted in the
Debtor receiving $98,887.50 in exchange for $143,000 in future
receipts. Shortly after the transaction, the principals discovered
that the employee was stealing inventory and possibly cash.
Pursuant to the Future Receipts Sale Agreement, Vox Funding
initially was taking $2,800 per week. The Debtor was able to
negotiate a reduction where Vox was taking $200 per day. The daily
withdrawals could not be managed like other debts and caused
financial issues for the Debtor. The Debtor's monthly sales are
sufficient to manage the debt. The Debtor merely needs to control
when the debt will be paid and not have the payments taken directly
from the bank account.
Class 1 consists of the secured pre-petition claim of Vox Funding
in the amount of $50,313.50. Vox Funding has received adequate
protection payments of $800.00 per month. The claim will be reduced
by the amount paid post-petition. The Debtor will pay $838.56 per
month until the claim is paid in full. The class is impaired.
Class 2 consists of the priority claim of the Florida Department of
Revenue in the amount of $17,063.80. The Debtor will pay $284.40
per month until the claim is paid in full. The class is impaired.
Class 3 consists of General unsecured creditors. Unsecured
creditors will be paid in full over sixty months. The Debtor will
pay $2,084.76 per month which the creditors will receive pro rata
share. The class is impaired.
Class 4 consists of Equity holders. The equity holders in the
Debtor will continue to own and operate the Debtor.
The Debtor's ability to fully fund the plan depends solely on the
Debtor's retail sales.
A full-text copy of the Disclosure Statement dated August 29, 2023
is available at https://urlcurt.com/u?l=L1ZDyG from
PacerMonitor.com at no charge.
Debtor's Counsel:
Brian K. McMahon, Esq.
Brian K. McMahon, PA
1401 Forum Way, 6th Floor
West Palm Beach, FL 33401
Telephone: (561) 478-2500
Facsimile: (561) 478-3111
Email: brian@bkmbankruptcy.com
About We Kick Brass
We Kick Brass, LLC is a firearms retailer that was formed on May
18, 2020.
The Debtor sought protection for relief under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 23-14789) on June 20,
2023, listing $100,001 to $500,000 on both assets and liabilities.
Judge Erik P Kimball oversees the case. Brian K. McMahon, Esq. at
the Law Firm of Brian K. McMahon, P.A. represents the Debtor as
counsel.
WESTERN DENTAL: $490MM Bank Debt Trades at 16% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Western Dental
Services Inc is a borrower were trading in the secondary market
around 84.3 cents-on-the-dollar during the week ended Friday,
September 1, 2023, according to Bloomberg's Evaluated Pricing
service data.
The $490 million facility is a Term loan that is scheduled to
mature on August 18, 2026. The amount is fully drawn and
outstanding.
Western Dental Services, Inc., a dental and oral health maintenance
organization, provides dental and oral health care services in
California, Arizona, Nevada, and Texas. Western Dental Services,
Inc. operates as a subsidiary of Premier Dental Services Inc.
[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
Total
Share- Total
Total Holders' Working
Assets Equity Capital
Company Ticker ($MM) ($MM) ($MM)
------- ------ ------ -------- -------
ACCELERATE DIAGN AXDX* MM 49.9 (38.7) (11.5)
AEMETIS INC AMTX US 212.6 (238.9) (88.0)
AEMETIS INC DW51 GR 212.6 (238.9) (88.0)
AEMETIS INC AMTXGEUR EZ 212.6 (238.9) (88.0)
AEMETIS INC AMTXGEUR EU 212.6 (238.9) (88.0)
AEMETIS INC DW51 GZ 212.6 (238.9) (88.0)
AEMETIS INC DW51 TH 212.6 (238.9) (88.0)
AEMETIS INC DW51 QT 212.6 (238.9) (88.0)
AIR CANADA AC CN 30,783.0 (581.0) (227.0)
AIR CANADA ADH2 GR 30,783.0 (581.0) (227.0)
AIR CANADA ACEUR EU 30,783.0 (581.0) (227.0)
AIR CANADA ADH2 TH 30,783.0 (581.0) (227.0)
AIR CANADA ACDVF US 30,783.0 (581.0) (227.0)
AIR CANADA ADH2 QT 30,783.0 (581.0) (227.0)
AIR CANADA ACEUR EZ 30,783.0 (581.0) (227.0)
AIR CANADA ADH2 GZ 30,783.0 (581.0) (227.0)
ALNYLAM PHAR-BDR A1LN34 BZ 3,402.4 (408.1) 1,735.4
ALNYLAM PHARMACE ALNY US 3,402.4 (408.1) 1,735.4
ALNYLAM PHARMACE DUL GR 3,402.4 (408.1) 1,735.4
ALNYLAM PHARMACE DUL QT 3,402.4 (408.1) 1,735.4
ALNYLAM PHARMACE ALNYEUR EU 3,402.4 (408.1) 1,735.4
ALNYLAM PHARMACE DUL TH 3,402.4 (408.1) 1,735.4
ALNYLAM PHARMACE DUL SW 3,402.4 (408.1) 1,735.4
ALNYLAM PHARMACE ALNY* MM 3,402.4 (408.1) 1,735.4
ALNYLAM PHARMACE DUL GZ 3,402.4 (408.1) 1,735.4
ALNYLAM PHARMACE ALNYEUR EZ 3,402.4 (408.1) 1,735.4
ALPHATEC HOLDING L1Z1 GR 628.2 (4.6) 160.9
ALPHATEC HOLDING ATEC US 628.2 (4.6) 160.9
ALPHATEC HOLDING ATECEUR EU 628.2 (4.6) 160.9
ALPHATEC HOLDING L1Z1 GZ 628.2 (4.6) 160.9
ALTICE USA INC-A ATUS US 32,107.7 (381.5) (2,271.1)
ALTICE USA INC-A ATUS* MM 32,107.7 (381.5) (2,271.1)
ALTICE USA INC-A ATUS-RM RM 32,107.7 (381.5) (2,271.1)
ALTIRA GP-CEDEAR MOC AR 37,151.0 (3,777.0) (7,326.0)
ALTIRA GP-CEDEAR MOD AR 37,151.0 (3,777.0) (7,326.0)
ALTIRA GP-CEDEAR MO AR 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC PHM7 GR 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC MO* MM 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC MO US 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC MO SW 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC MOEUR EU 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC MO TE 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC PHM7 TH 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC MO CI 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC PHM7 QT 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC MOUSD SW 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC PHM7 GZ 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC 0R31 LI 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC ALTR AV 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC MOEUR EZ 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC MO-RM RM 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC PHM7 BU 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC PHM7D EB 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC PHM7D IX 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP INC PHM7D I2 37,151.0 (3,777.0) (7,326.0)
ALTRIA GROUP-BDR MOOO34 BZ 37,151.0 (3,777.0) (7,326.0)
AMC ENTERTAINMEN AMC US 8,669.7 (2,582.6) (846.6)
AMC ENTERTAINMEN AH91 GR 8,669.7 (2,582.6) (846.6)
AMC ENTERTAINMEN AMC4EUR EU 8,669.7 (2,582.6) (846.6)
AMC ENTERTAINMEN AH91 TH 8,669.7 (2,582.6) (846.6)
AMC ENTERTAINMEN AH91 QT 8,669.7 (2,582.6) (846.6)
AMC ENTERTAINMEN AMC* MM 8,669.7 (2,582.6) (846.6)
AMC ENTERTAINMEN AH91 GZ 8,669.7 (2,582.6) (846.6)
AMC ENTERTAINMEN AH91 SW 8,669.7 (2,582.6) (846.6)
AMC ENTERTAINMEN AMC-RM RM 8,669.7 (2,582.6) (846.6)
AMC ENTERTAINMEN A2MC34 BZ 8,669.7 (2,582.6) (846.6)
AMC ENTERTAINMEN APE* MM 8,669.7 (2,582.6) (846.6)
AMC ENTERTAINMEN AH9 BU 8,669.7 (2,582.6) (846.6)
AMC ENTERTAINMEN AMCE AV 8,669.7 (2,582.6) (846.6)
AMERICAN AIR-BDR AALL34 BZ 67,260.0 (4,385.0) (6,096.0)
AMERICAN AIRLINE AAL US 67,260.0 (4,385.0) (6,096.0)
AMERICAN AIRLINE A1G GR 67,260.0 (4,385.0) (6,096.0)
AMERICAN AIRLINE AAL* MM 67,260.0 (4,385.0) (6,096.0)
AMERICAN AIRLINE A1G TH 67,260.0 (4,385.0) (6,096.0)
AMERICAN AIRLINE A1G QT 67,260.0 (4,385.0) (6,096.0)
AMERICAN AIRLINE A1G GZ 67,260.0 (4,385.0) (6,096.0)
AMERICAN AIRLINE AAL11EUR EU 67,260.0 (4,385.0) (6,096.0)
AMERICAN AIRLINE AAL AV 67,260.0 (4,385.0) (6,096.0)
AMERICAN AIRLINE AAL TE 67,260.0 (4,385.0) (6,096.0)
AMERICAN AIRLINE A1G SW 67,260.0 (4,385.0) (6,096.0)
AMERICAN AIRLINE 0HE6 LI 67,260.0 (4,385.0) (6,096.0)
AMERICAN AIRLINE AAL11EUR EZ 67,260.0 (4,385.0) (6,096.0)
AMERICAN AIRLINE AAL-RM RM 67,260.0 (4,385.0) (6,096.0)
AMERICAN AIRLINE AAL_KZ KZ 67,260.0 (4,385.0) (6,096.0)
AULT DISRUPTIVE ADRT/U US 2.9 (3.0) (1.7)
AUTOZONE INC AZO US 15,597.9 (4,301.6) (1,756.1)
AUTOZONE INC AZ5 TH 15,597.9 (4,301.6) (1,756.1)
AUTOZONE INC AZ5 GR 15,597.9 (4,301.6) (1,756.1)
AUTOZONE INC AZOEUR EU 15,597.9 (4,301.6) (1,756.1)
AUTOZONE INC AZ5 QT 15,597.9 (4,301.6) (1,756.1)
AUTOZONE INC AZO AV 15,597.9 (4,301.6) (1,756.1)
AUTOZONE INC AZ5 TE 15,597.9 (4,301.6) (1,756.1)
AUTOZONE INC AZO* MM 15,597.9 (4,301.6) (1,756.1)
AUTOZONE INC AZOEUR EZ 15,597.9 (4,301.6) (1,756.1)
AUTOZONE INC AZ5 GZ 15,597.9 (4,301.6) (1,756.1)
AUTOZONE INC AZO-RM RM 15,597.9 (4,301.6) (1,756.1)
AUTOZONE INC-BDR AZOI34 BZ 15,597.9 (4,301.6) (1,756.1)
AVID TECHNOLOGY AVID US 293.8 (119.0) 9.4
AVID TECHNOLOGY AVD GR 293.8 (119.0) 9.4
AVID TECHNOLOGY AVD TH 293.8 (119.0) 9.4
AVID TECHNOLOGY AVD GZ 293.8 (119.0) 9.4
AVIS BUD-CEDEAR CAR AR 31,395.0 (125.0) (611.0)
AVIS BUDGET GROU CUCA GR 31,395.0 (125.0) (611.0)
AVIS BUDGET GROU CAR US 31,395.0 (125.0) (611.0)
AVIS BUDGET GROU CUCA QT 31,395.0 (125.0) (611.0)
AVIS BUDGET GROU CAR2EUR EU 31,395.0 (125.0) (611.0)
AVIS BUDGET GROU CAR* MM 31,395.0 (125.0) (611.0)
AVIS BUDGET GROU CAR2EUR EZ 31,395.0 (125.0) (611.0)
AVIS BUDGET GROU CUCA TH 31,395.0 (125.0) (611.0)
AVIS BUDGET GROU CUCA GZ 31,395.0 (125.0) (611.0)
BABCOCK & WILCOX BW US 986.9 (13.0) 192.6
BABCOCK & WILCOX UBW1 GR 986.9 (13.0) 192.6
BABCOCK & WILCOX BWEUR EU 986.9 (13.0) 192.6
BABCOCK & WILCOX UBW1 TH 986.9 (13.0) 192.6
BATH & BODY WORK LTD0 GR 5,195.0 (2,154.0) 680.0
BATH & BODY WORK LTD0 TH 5,195.0 (2,154.0) 680.0
BATH & BODY WORK BBWI US 5,195.0 (2,154.0) 680.0
BATH & BODY WORK LBEUR EU 5,195.0 (2,154.0) 680.0
BATH & BODY WORK BBWI* MM 5,195.0 (2,154.0) 680.0
BATH & BODY WORK LTD0 QT 5,195.0 (2,154.0) 680.0
BATH & BODY WORK BBWI AV 5,195.0 (2,154.0) 680.0
BATH & BODY WORK LBEUR EZ 5,195.0 (2,154.0) 680.0
BATH & BODY WORK LTD0 GZ 5,195.0 (2,154.0) 680.0
BATH & BODY WORK BBWI-RM RM 5,195.0 (2,154.0) 680.0
BELLRING BRANDS BRBR US 722.4 (364.7) 282.4
BELLRING BRANDS D51 TH 722.4 (364.7) 282.4
BELLRING BRANDS BRBR2EUR EU 722.4 (364.7) 282.4
BELLRING BRANDS D51 GR 722.4 (364.7) 282.4
BELLRING BRANDS D51 QT 722.4 (364.7) 282.4
BEYOND MEAT INC BYND US 968.6 (299.1) 442.8
BEYOND MEAT INC 0Q3 GR 968.6 (299.1) 442.8
BEYOND MEAT INC 0Q3 GZ 968.6 (299.1) 442.8
BEYOND MEAT INC BYNDEUR EU 968.6 (299.1) 442.8
BEYOND MEAT INC 0Q3 TH 968.6 (299.1) 442.8
BEYOND MEAT INC 0Q3 QT 968.6 (299.1) 442.8
BEYOND MEAT INC BYND AV 968.6 (299.1) 442.8
BEYOND MEAT INC 0Q3 SW 968.6 (299.1) 442.8
BEYOND MEAT INC 0A20 LI 968.6 (299.1) 442.8
BEYOND MEAT INC BYNDEUR EZ 968.6 (299.1) 442.8
BEYOND MEAT INC 0Q3 TE 968.6 (299.1) 442.8
BEYOND MEAT INC BYND* MM 968.6 (299.1) 442.8
BEYOND MEAT INC BYND-RM RM 968.6 (299.1) 442.8
BIOCRYST PHARM BO1 TH 529.9 (388.7) 417.6
BIOCRYST PHARM BCRX US 529.9 (388.7) 417.6
BIOCRYST PHARM BO1 GR 529.9 (388.7) 417.6
BIOCRYST PHARM BO1 QT 529.9 (388.7) 417.6
BIOCRYST PHARM BCRXEUR EU 529.9 (388.7) 417.6
BIOCRYST PHARM BCRX* MM 529.9 (388.7) 417.6
BIOCRYST PHARM BCRXEUR EZ 529.9 (388.7) 417.6
BIOTE CORP-A BTMD US 139.1 (73.2) 90.4
BOEING CO-BDR BOEI34 BZ 134,774.0 (15,493.0) 15,336.0
BOEING CO-CED BA AR 134,774.0 (15,493.0) 15,336.0
BOEING CO-CED BAD AR 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BA EU 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BCO GR 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BAEUR EU 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BA TE 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BA* MM 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BA SW 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BOEI BB 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BA US 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BCO TH 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BA PE 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BA CI 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BCO QT 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BAUSD SW 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BCO GZ 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BA AV 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BA-RM RM 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BAEUR EZ 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BA EZ 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BACL CI 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BA_KZ KZ 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BCOD EB 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BCOD IX 134,774.0 (15,493.0) 15,336.0
BOEING CO/THE BCOD I2 134,774.0 (15,493.0) 15,336.0
BOMBARDIER INC-A BBD/A CN 12,544.0 (2,490.0) (285.0)
BOMBARDIER INC-A BDRAF US 12,544.0 (2,490.0) (285.0)
BOMBARDIER INC-A BBD GR 12,544.0 (2,490.0) (285.0)
BOMBARDIER INC-A BBD/AEUR EU 12,544.0 (2,490.0) (285.0)
BOMBARDIER INC-A BBD GZ 12,544.0 (2,490.0) (285.0)
BOMBARDIER INC-B BBD/B CN 12,544.0 (2,490.0) (285.0)
BOMBARDIER INC-B BBDC GR 12,544.0 (2,490.0) (285.0)
BOMBARDIER INC-B BDRBF US 12,544.0 (2,490.0) (285.0)
BOMBARDIER INC-B BBDC TH 12,544.0 (2,490.0) (285.0)
BOMBARDIER INC-B BBDBN MM 12,544.0 (2,490.0) (285.0)
BOMBARDIER INC-B BBD/BEUR EU 12,544.0 (2,490.0) (285.0)
BOMBARDIER INC-B BBDC GZ 12,544.0 (2,490.0) (285.0)
BOMBARDIER INC-B BBD/BEUR EZ 12,544.0 (2,490.0) (285.0)
BOMBARDIER INC-B BBDC QT 12,544.0 (2,490.0) (285.0)
BOOKING HLDG-BDR BKNG34 BZ 26,558.0 (665.0) 6,868.0
BOOKING HOLDINGS PCE1 GR 26,558.0 (665.0) 6,868.0
BOOKING HOLDINGS BKNG US 26,558.0 (665.0) 6,868.0
BOOKING HOLDINGS BKNG* MM 26,558.0 (665.0) 6,868.0
BOOKING HOLDINGS PCE1 TH 26,558.0 (665.0) 6,868.0
BOOKING HOLDINGS BKNG CI 26,558.0 (665.0) 6,868.0
BOOKING HOLDINGS BKNG SW 26,558.0 (665.0) 6,868.0
BOOKING HOLDINGS PCE1 QT 26,558.0 (665.0) 6,868.0
BOOKING HOLDINGS BKNGUSD SW 26,558.0 (665.0) 6,868.0
BOOKING HOLDINGS PCLNEUR EU 26,558.0 (665.0) 6,868.0
BOOKING HOLDINGS PCE1 GZ 26,558.0 (665.0) 6,868.0
BOOKING HOLDINGS BOOK AV 26,558.0 (665.0) 6,868.0
BOOKING HOLDINGS PCE1U TE 26,558.0 (665.0) 6,868.0
BOOKING HOLDINGS PCLNEUR EZ 26,558.0 (665.0) 6,868.0
BOOKING HOLDINGS BKNG-RM RM 26,558.0 (665.0) 6,868.0
BOX INC- CLASS A BOX US 1,068.1 (45.9) 99.4
BOX INC- CLASS A 3BX GR 1,068.1 (45.9) 99.4
BOX INC- CLASS A 3BX TH 1,068.1 (45.9) 99.4
BOX INC- CLASS A 3BX QT 1,068.1 (45.9) 99.4
BOX INC- CLASS A BOXEUR EU 1,068.1 (45.9) 99.4
BOX INC- CLASS A BOXEUR EZ 1,068.1 (45.9) 99.4
BOX INC- CLASS A 3BX GZ 1,068.1 (45.9) 99.4
BOX INC- CLASS A BOX-RM RM 1,068.1 (45.9) 99.4
BRIDGEBIO PHARMA BBIO US 503.7 (1,349.6) 322.8
BRIDGEBIO PHARMA 2CL GR 503.7 (1,349.6) 322.8
BRIDGEBIO PHARMA 2CL GZ 503.7 (1,349.6) 322.8
BRIDGEBIO PHARMA BBIOEUR EU 503.7 (1,349.6) 322.8
BRIDGEBIO PHARMA 2CL TH 503.7 (1,349.6) 322.8
BRINKER INTL EAT US 2,487.0 (144.3) (352.6)
BRINKER INTL BKJ GR 2,487.0 (144.3) (352.6)
BRINKER INTL BKJ QT 2,487.0 (144.3) (352.6)
BRINKER INTL EAT2EUR EU 2,487.0 (144.3) (352.6)
BRINKER INTL BKJ TH 2,487.0 (144.3) (352.6)
BROOKFIELD INF-A BIPC CN 10,973.0 (764.0) (3,410.0)
BROOKFIELD INF-A BIPC US 10,973.0 (764.0) (3,410.0)
CALUMET SPECIALT CLMT US 2,804.2 (297.8) (350.8)
CARDINAL HEA BDR C1AH34 BZ 43,417.0 (2,851.0) 127.0
CARDINAL HEALTH CAH US 43,417.0 (2,851.0) 127.0
CARDINAL HEALTH CLH GR 43,417.0 (2,851.0) 127.0
CARDINAL HEALTH CLH TH 43,417.0 (2,851.0) 127.0
CARDINAL HEALTH CLH QT 43,417.0 (2,851.0) 127.0
CARDINAL HEALTH CAHEUR EU 43,417.0 (2,851.0) 127.0
CARDINAL HEALTH CLH GZ 43,417.0 (2,851.0) 127.0
CARDINAL HEALTH CAH* MM 43,417.0 (2,851.0) 127.0
CARDINAL HEALTH CAHEUR EZ 43,417.0 (2,851.0) 127.0
CARDINAL HEALTH CAH-RM RM 43,417.0 (2,851.0) 127.0
CARDINAL-CEDEAR CAH AR 43,417.0 (2,851.0) 127.0
CARDINAL-CEDEAR CAHC AR 43,417.0 (2,851.0) 127.0
CARDINAL-CEDEAR CAHD AR 43,417.0 (2,851.0) 127.0
CARVANA CO CVNA US 7,849.0 (1,406.0) 1,733.0
CARVANA CO CV0 TH 7,849.0 (1,406.0) 1,733.0
CARVANA CO CV0 QT 7,849.0 (1,406.0) 1,733.0
CARVANA CO CVNAEUR EU 7,849.0 (1,406.0) 1,733.0
CARVANA CO CV0 GR 7,849.0 (1,406.0) 1,733.0
CARVANA CO CV0 GZ 7,849.0 (1,406.0) 1,733.0
CARVANA CO CVNAEUR EZ 7,849.0 (1,406.0) 1,733.0
CARVANA CO CV0 SW 7,849.0 (1,406.0) 1,733.0
CARVANA CO CVNA* MM 7,849.0 (1,406.0) 1,733.0
CARVANA CO CVNA-RM RM 7,849.0 (1,406.0) 1,733.0
CEDAR FAIR LP FUN US 2,316.4 (762.7) (233.6)
CENTRUS ENERGY-A LEU US 762.0 (32.5) 197.2
CENTRUS ENERGY-A 4CU TH 762.0 (32.5) 197.2
CENTRUS ENERGY-A 4CU GR 762.0 (32.5) 197.2
CENTRUS ENERGY-A LEUEUR EU 762.0 (32.5) 197.2
CENTRUS ENERGY-A 4CU GZ 762.0 (32.5) 197.2
CENTRUS ENERGY-A 4CU QT 762.0 (32.5) 197.2
CHENIERE ENERGY CQP US 19,557.0 (1,046.0) (139.0)
CINEPLEX INC CGX CN 2,234.8 (62.6) (293.6)
CINEPLEX INC CX0 GR 2,234.8 (62.6) (293.6)
CINEPLEX INC CPXGF US 2,234.8 (62.6) (293.6)
CINEPLEX INC CX0 TH 2,234.8 (62.6) (293.6)
CINEPLEX INC CGXEUR EU 2,234.8 (62.6) (293.6)
CINEPLEX INC CGXN MM 2,234.8 (62.6) (293.6)
CINEPLEX INC CX0 GZ 2,234.8 (62.6) (293.6)
COGENT COMMUNICA CCOI US 998.4 (548.5) 201.4
COGENT COMMUNICA OGM1 GR 998.4 (548.5) 201.4
COGENT COMMUNICA CCOIEUR EU 998.4 (548.5) 201.4
COGENT COMMUNICA CCOI* MM 998.4 (548.5) 201.4
COGENT COMMUNICA OGM1 TH 998.4 (548.5) 201.4
COHERUS BIOSCIEN CHRS US 469.6 (174.8) 216.0
COHERUS BIOSCIEN 8C5 GR 469.6 (174.8) 216.0
COHERUS BIOSCIEN 8C5 TH 469.6 (174.8) 216.0
COHERUS BIOSCIEN CHRSEUR EU 469.6 (174.8) 216.0
COHERUS BIOSCIEN 8C5 QT 469.6 (174.8) 216.0
COHERUS BIOSCIEN CHRSEUR EZ 469.6 (174.8) 216.0
COHERUS BIOSCIEN 8C5 GZ 469.6 (174.8) 216.0
COMMSCOPE HOLDIN COMM US 11,165.7 (485.1) 1,703.3
COMMSCOPE HOLDIN CM9 GR 11,165.7 (485.1) 1,703.3
COMMSCOPE HOLDIN COMMEUR EU 11,165.7 (485.1) 1,703.3
COMMSCOPE HOLDIN CM9 TH 11,165.7 (485.1) 1,703.3
COMMUNITY HEALTH CYH US 14,648.0 (820.0) 1,116.0
COMMUNITY HEALTH CG5 GR 14,648.0 (820.0) 1,116.0
COMMUNITY HEALTH CG5 TH 14,648.0 (820.0) 1,116.0
COMMUNITY HEALTH CG5 QT 14,648.0 (820.0) 1,116.0
COMMUNITY HEALTH CYH1EUR EU 14,648.0 (820.0) 1,116.0
COMMUNITY HEALTH CG5 GZ 14,648.0 (820.0) 1,116.0
COMPOSECURE INC CMPO US 181.1 (271.9) 61.3
CONSENSUS CLOUD CCSI US 667.1 (217.4) 90.9
CONTANGO ORE INC CTGO US 17.5 (5.7) 3.5
COOPER-STANDARD CPS US 1,870.8 (61.7) 208.5
COOPER-STANDARD C31 GR 1,870.8 (61.7) 208.5
COOPER-STANDARD CPSEUR EU 1,870.8 (61.7) 208.5
COOPER-STANDARD C31 GZ 1,870.8 (61.7) 208.5
COOPER-STANDARD C31 TH 1,870.8 (61.7) 208.5
CPI CARD GROUP I PMTS US 300.1 (63.0) 116.3
CPI CARD GROUP I CPB1 GR 300.1 (63.0) 116.3
CPI CARD GROUP I PMTSEUR EU 300.1 (63.0) 116.3
CUTERA INC TJ9 GR 463.8 (69.1) 266.9
CUTERA INC CUTR US 463.8 (69.1) 266.9
CUTERA INC TJ9 TH 463.8 (69.1) 266.9
CUTERA INC CUTREUR EU 463.8 (69.1) 266.9
CUTERA INC TJ9 QT 463.8 (69.1) 266.9
CUTERA INC CUTREUR EZ 463.8 (69.1) 266.9
CYTOKINETICS INC CYTK US 779.9 (333.1) 521.0
CYTOKINETICS INC KK3A GR 779.9 (333.1) 521.0
CYTOKINETICS INC KK3A QT 779.9 (333.1) 521.0
CYTOKINETICS INC CYTKEUR EU 779.9 (333.1) 521.0
CYTOKINETICS INC KK3A TH 779.9 (333.1) 521.0
CYTOKINETICS INC CYTKEUR EZ 779.9 (333.1) 521.0
DELEK LOGISTICS DKL US 1,692.6 (129.5) 29.0
DELL TECHN-C DELL US 85,658.0 (2,677.0) (11,943.0)
DELL TECHN-C 12DA TH 85,658.0 (2,677.0) (11,943.0)
DELL TECHN-C 12DA GR 85,658.0 (2,677.0) (11,943.0)
DELL TECHN-C 12DA GZ 85,658.0 (2,677.0) (11,943.0)
DELL TECHN-C DELL1EUR EU 85,658.0 (2,677.0) (11,943.0)
DELL TECHN-C DELLC* MM 85,658.0 (2,677.0) (11,943.0)
DELL TECHN-C 12DA QT 85,658.0 (2,677.0) (11,943.0)
DELL TECHN-C DELL AV 85,658.0 (2,677.0) (11,943.0)
DELL TECHN-C DELL1EUR EZ 85,658.0 (2,677.0) (11,943.0)
DELL TECHN-C DELL-RM RM 85,658.0 (2,677.0) (11,943.0)
DELL TECHN-C-BDR D1EL34 BZ 85,658.0 (2,677.0) (11,943.0)
DENNY'S CORP DE8 GR 465.6 (42.6) (49.9)
DENNY'S CORP DENN US 465.6 (42.6) (49.9)
DENNY'S CORP DENNEUR EU 465.6 (42.6) (49.9)
DENNY'S CORP DE8 TH 465.6 (42.6) (49.9)
DENNY'S CORP DE8 GZ 465.6 (42.6) (49.9)
DIEBOLD NIXDORF DBD US 3,405.5 (2,130.6) (953.4)
DIGITALOCEAN HOL DOCN US 1,497.9 (267.6) 474.8
DIGITALOCEAN HOL 0SU GR 1,497.9 (267.6) 474.8
DIGITALOCEAN HOL 0SU TH 1,497.9 (267.6) 474.8
DIGITALOCEAN HOL DOCNEUR EU 1,497.9 (267.6) 474.8
DIGITALOCEAN HOL 0SU GZ 1,497.9 (267.6) 474.8
DIGITALOCEAN HOL 0SU QT 1,497.9 (267.6) 474.8
DINE BRANDS GLOB DIN US 1,666.6 (281.0) (130.4)
DINE BRANDS GLOB IHP GR 1,666.6 (281.0) (130.4)
DINE BRANDS GLOB IHP TH 1,666.6 (281.0) (130.4)
DINE BRANDS GLOB IHP GZ 1,666.6 (281.0) (130.4)
DOMINO'S P - BDR D2PZ34 BZ 1,596.2 (4,166.6) 252.1
DOMINO'S PIZZA EZV TH 1,596.2 (4,166.6) 252.1
DOMINO'S PIZZA EZV GR 1,596.2 (4,166.6) 252.1
DOMINO'S PIZZA DPZ US 1,596.2 (4,166.6) 252.1
DOMINO'S PIZZA EZV QT 1,596.2 (4,166.6) 252.1
DOMINO'S PIZZA DPZEUR EU 1,596.2 (4,166.6) 252.1
DOMINO'S PIZZA DPZ AV 1,596.2 (4,166.6) 252.1
DOMINO'S PIZZA DPZ* MM 1,596.2 (4,166.6) 252.1
DOMINO'S PIZZA EZV GZ 1,596.2 (4,166.6) 252.1
DOMINO'S PIZZA DPZEUR EZ 1,596.2 (4,166.6) 252.1
DOMINO'S PIZZA DPZ-RM RM 1,596.2 (4,166.6) 252.1
DOMO INC- CL B DOMO US 212.1 (151.8) (84.3)
DOMO INC- CL B 1ON GR 212.1 (151.8) (84.3)
DOMO INC- CL B 1ON GZ 212.1 (151.8) (84.3)
DOMO INC- CL B DOMOEUR EU 212.1 (151.8) (84.3)
DOMO INC- CL B 1ON TH 212.1 (151.8) (84.3)
DOMO INC- CL B 1ON QT 212.1 (151.8) (84.3)
DROPBOX INC-A DBX US 2,938.6 (411.9) 203.3
DROPBOX INC-A 1Q5 GR 2,938.6 (411.9) 203.3
DROPBOX INC-A 1Q5 SW 2,938.6 (411.9) 203.3
DROPBOX INC-A 1Q5 TH 2,938.6 (411.9) 203.3
DROPBOX INC-A 1Q5 QT 2,938.6 (411.9) 203.3
DROPBOX INC-A DBXEUR EU 2,938.6 (411.9) 203.3
DROPBOX INC-A DBX AV 2,938.6 (411.9) 203.3
DROPBOX INC-A DBX* MM 2,938.6 (411.9) 203.3
DROPBOX INC-A DBXEUR EZ 2,938.6 (411.9) 203.3
DROPBOX INC-A 1Q5 GZ 2,938.6 (411.9) 203.3
DROPBOX INC-A DBX-RM RM 2,938.6 (411.9) 203.3
EALIXIR INC EAXR US 9.3 (9.0) (15.9)
EMBECTA CORP EMBC US 1,252.1 (809.4) 401.7
EMBECTA CORP EMBC* MM 1,252.1 (809.4) 401.7
EMBECTA CORP JX7 GR 1,252.1 (809.4) 401.7
EMBECTA CORP JX7 QT 1,252.1 (809.4) 401.7
EMBECTA CORP EMBC1EUR EZ 1,252.1 (809.4) 401.7
EMBECTA CORP EMBC1EUR EU 1,252.1 (809.4) 401.7
EMBECTA CORP JX7 GZ 1,252.1 (809.4) 401.7
EMBECTA CORP JX7 TH 1,252.1 (809.4) 401.7
EOS ENERGY ENTER EOSE US 109.0 (229.5) 20.9
ETSY INC ETSY US 2,568.8 (464.2) 910.5
ETSY INC 3E2 GR 2,568.8 (464.2) 910.5
ETSY INC 3E2 TH 2,568.8 (464.2) 910.5
ETSY INC 3E2 QT 2,568.8 (464.2) 910.5
ETSY INC 2E2 GZ 2,568.8 (464.2) 910.5
ETSY INC 300 SW 2,568.8 (464.2) 910.5
ETSY INC ETSY AV 2,568.8 (464.2) 910.5
ETSY INC ETSYEUR EZ 2,568.8 (464.2) 910.5
ETSY INC ETSY* MM 2,568.8 (464.2) 910.5
ETSY INC ETSY-RM RM 2,568.8 (464.2) 910.5
ETSY INC ETSY TE 2,568.8 (464.2) 910.5
ETSY INC - BDR E2TS34 BZ 2,568.8 (464.2) 910.5
ETSY INC - CEDEA ETSY AR 2,568.8 (464.2) 910.5
EVOLUS INC EOLS US 169.0 (7.0) 55.1
EVOLUS INC EVL GR 169.0 (7.0) 55.1
EVOLUS INC EOLSEUR EU 169.0 (7.0) 55.1
EVOLUS INC EVL TH 169.0 (7.0) 55.1
EVOLUS INC EVL QT 169.0 (7.0) 55.1
EVOLUS INC EVL GZ 169.0 (7.0) 55.1
EVOLUS INC EOLSEUR EZ 169.0 (7.0) 55.1
FAIR ISAAC - BDR F2IC34 BZ 1,584.6 (704.0) 182.1
FAIR ISAAC CORP FRI GR 1,584.6 (704.0) 182.1
FAIR ISAAC CORP FICO US 1,584.6 (704.0) 182.1
FAIR ISAAC CORP FICOEUR EU 1,584.6 (704.0) 182.1
FAIR ISAAC CORP FRI QT 1,584.6 (704.0) 182.1
FAIR ISAAC CORP FICOEUR EZ 1,584.6 (704.0) 182.1
FAIR ISAAC CORP FICO1* MM 1,584.6 (704.0) 182.1
FAIR ISAAC CORP FRI GZ 1,584.6 (704.0) 182.1
FAIR ISAAC CORP FRI TH 1,584.6 (704.0) 182.1
FENNEC PHARMACEU FRX CN 19.4 (9.7) 15.6
FENNEC PHARMACEU FENC US 19.4 (9.7) 15.6
FENNEC PHARMACEU RV41 TH 19.4 (9.7) 15.6
FENNEC PHARMACEU RV41 GR 19.4 (9.7) 15.6
FENNEC PHARMACEU FRXEUR EU 19.4 (9.7) 15.6
FENNEC PHARMACEU RV41 GZ 19.4 (9.7) 15.6
FERRELLGAS PAR-B FGPRB US 1,555.4 (210.8) 203.4
FERRELLGAS-LP FGPR US 1,555.4 (210.8) 203.4
FIBROGEN INC FGEN* MM 515.1 (60.3) 217.3
FIBROGEN INC FGEN-RM RM 515.1 (60.3) 217.3
FOGHORN THERAPEU FHTX US 339.6 (49.4) 233.9
GCM GROSVENOR-A GCMG US 450.8 (100.9) 89.4
GEN RESTAURANT G GENK US 184.7 31.6 12.3
GODADDY INC -BDR G2DD34 BZ 6,793.9 (664.5) (1,204.8)
GODADDY INC-A GDDY US 6,793.9 (664.5) (1,204.8)
GODADDY INC-A 38D GR 6,793.9 (664.5) (1,204.8)
GODADDY INC-A 38D QT 6,793.9 (664.5) (1,204.8)
GODADDY INC-A GDDY* MM 6,793.9 (664.5) (1,204.8)
GODADDY INC-A 38D TH 6,793.9 (664.5) (1,204.8)
GODADDY INC-A 38D GZ 6,793.9 (664.5) (1,204.8)
GOOSEHEAD INSU-A GSHD US 323.2 (13.4) 15.1
GOOSEHEAD INSU-A 2OX GR 323.2 (13.4) 15.1
GOOSEHEAD INSU-A GSHDEUR EU 323.2 (13.4) 15.1
GOOSEHEAD INSU-A 2OX TH 323.2 (13.4) 15.1
GOOSEHEAD INSU-A 2OX QT 323.2 (13.4) 15.1
GREEN PLAINS PAR GPP US 127.5 (1.5) 3.5
GROUPON INC G5NA GR 587.2 (24.8) (171.8)
GROUPON INC G5NA TH 587.2 (24.8) (171.8)
GROUPON INC GRPN US 587.2 (24.8) (171.8)
GROUPON INC G5NA QT 587.2 (24.8) (171.8)
GROUPON INC GRPNEUR EU 587.2 (24.8) (171.8)
GROUPON INC G5NA GZ 587.2 (24.8) (171.8)
GROUPON INC GRPN AV 587.2 (24.8) (171.8)
GROUPON INC GRPN* MM 587.2 (24.8) (171.8)
GROUPON INC GRPNEUR EZ 587.2 (24.8) (171.8)
HCM ACQUISITI-A HCMA US 295.2 276.9 1.0
HCM ACQUISITION HCMAU US 295.2 276.9 1.0
HERBALIFE LTD HOO GR 2,770.6 (1,150.4) 130.6
HERBALIFE LTD HLF US 2,770.6 (1,150.4) 130.6
HERBALIFE LTD HLFEUR EU 2,770.6 (1,150.4) 130.6
HERBALIFE LTD HOO QT 2,770.6 (1,150.4) 130.6
HERBALIFE LTD HOO GZ 2,770.6 (1,150.4) 130.6
HERBALIFE LTD HOO SW 2,770.6 (1,150.4) 130.6
HERBALIFE LTD HOO TH 2,770.6 (1,150.4) 130.6
HERON THERAPEUTI HRTX-RM RM 201.2 (39.3) 78.6
HEWLETT-CEDEAR HPQD AR 36,632.0 (2,245.0) (7,727.0)
HEWLETT-CEDEAR HPQC AR 36,632.0 (2,245.0) (7,727.0)
HEWLETT-CEDEAR HPQ AR 36,632.0 (2,245.0) (7,727.0)
HILTON WORLD-BDR H1LT34 BZ 15,297.0 (1,423.0) (855.0)
HILTON WORLDWIDE HLT US 15,297.0 (1,423.0) (855.0)
HILTON WORLDWIDE HI91 TH 15,297.0 (1,423.0) (855.0)
HILTON WORLDWIDE HI91 GR 15,297.0 (1,423.0) (855.0)
HILTON WORLDWIDE HI91 QT 15,297.0 (1,423.0) (855.0)
HILTON WORLDWIDE HLTEUR EU 15,297.0 (1,423.0) (855.0)
HILTON WORLDWIDE HLT* MM 15,297.0 (1,423.0) (855.0)
HILTON WORLDWIDE HI91 TE 15,297.0 (1,423.0) (855.0)
HILTON WORLDWIDE HLTEUR EZ 15,297.0 (1,423.0) (855.0)
HILTON WORLDWIDE HLTW AV 15,297.0 (1,423.0) (855.0)
HILTON WORLDWIDE HI91 GZ 15,297.0 (1,423.0) (855.0)
HILTON WORLDWIDE HLT-RM RM 15,297.0 (1,423.0) (855.0)
HP COMPANY-BDR HPQB34 BZ 36,632.0 (2,245.0) (7,727.0)
HP INC HPQ* MM 36,632.0 (2,245.0) (7,727.0)
HP INC HPQ US 36,632.0 (2,245.0) (7,727.0)
HP INC 7HP TH 36,632.0 (2,245.0) (7,727.0)
HP INC 7HP GR 36,632.0 (2,245.0) (7,727.0)
HP INC HPQ TE 36,632.0 (2,245.0) (7,727.0)
HP INC HPQ CI 36,632.0 (2,245.0) (7,727.0)
HP INC HPQ SW 36,632.0 (2,245.0) (7,727.0)
HP INC 7HP QT 36,632.0 (2,245.0) (7,727.0)
HP INC HPQUSD SW 36,632.0 (2,245.0) (7,727.0)
HP INC HPQEUR EU 36,632.0 (2,245.0) (7,727.0)
HP INC 7HP GZ 36,632.0 (2,245.0) (7,727.0)
HP INC HPQ AV 36,632.0 (2,245.0) (7,727.0)
HP INC HPQEUR EZ 36,632.0 (2,245.0) (7,727.0)
HP INC HPQ-RM RM 36,632.0 (2,245.0) (7,727.0)
HP INC 7HPD EB 36,632.0 (2,245.0) (7,727.0)
HP INC 7HPD IX 36,632.0 (2,245.0) (7,727.0)
HP INC 7HPD I2 36,632.0 (2,245.0) (7,727.0)
IHEARTMEDIA-CL A IHRT US 6,983.8 (403.5) 605.6
INHIBRX INC INBX US 213.2 (24.8) 172.0
INHIBRX INC 1RK GR 213.2 (24.8) 172.0
INHIBRX INC 1RK TH 213.2 (24.8) 172.0
INHIBRX INC INBXEUR EU 213.2 (24.8) 172.0
INHIBRX INC 1RK QT 213.2 (24.8) 172.0
INSEEGO CORP INSG-RM RM 153.7 (70.8) 22.9
INSMED INC INSM US 1,439.1 (155.7) 848.2
INSMED INC IM8N GR 1,439.1 (155.7) 848.2
INSMED INC IM8N TH 1,439.1 (155.7) 848.2
INSMED INC INSMEUR EU 1,439.1 (155.7) 848.2
INSMED INC INSM* MM 1,439.1 (155.7) 848.2
INSPIRATO INC ISPO* MM 365.4 (122.9) (173.8)
INSPIRED ENTERTA INSE US 353.5 (50.3) 64.4
INSPIRED ENTERTA 4U8 GR 353.5 (50.3) 64.4
INSPIRED ENTERTA INSEEUR EU 353.5 (50.3) 64.4
INTUITIVE MACHIN LUNR US 95.8 (72.8) (58.1)
INVITAE CORP NVTA* MM 1,523.0 (200.8) 299.3
INVITAE CORP NVTA-RM RM 1,523.0 (200.8) 299.3
IRONWOOD PHARMAC I76 GR 603.2 (346.8) 12.2
IRONWOOD PHARMAC IRWD US 603.2 (346.8) 12.2
IRONWOOD PHARMAC I76 TH 603.2 (346.8) 12.2
IRONWOOD PHARMAC I76 QT 603.2 (346.8) 12.2
IRONWOOD PHARMAC IRWDEUR EU 603.2 (346.8) 12.2
IRONWOOD PHARMAC I76 GZ 603.2 (346.8) 12.2
JACK IN THE BOX JBX GR 2,951.8 (705.4) (228.5)
JACK IN THE BOX JACK US 2,951.8 (705.4) (228.5)
JACK IN THE BOX JACK1EUR EU 2,951.8 (705.4) (228.5)
JACK IN THE BOX JBX GZ 2,951.8 (705.4) (228.5)
JACK IN THE BOX JBX QT 2,951.8 (705.4) (228.5)
JACK IN THE BOX JACK1EUR EZ 2,951.8 (705.4) (228.5)
L BRANDS INC-BDR B1BW34 BZ 5,195.0 (2,154.0) 680.0
LESLIE'S INC LESL US 1,137.4 (179.8) 221.4
LESLIE'S INC LE3 GR 1,137.4 (179.8) 221.4
LESLIE'S INC LESLEUR EU 1,137.4 (179.8) 221.4
LESLIE'S INC LE3 TH 1,137.4 (179.8) 221.4
LESLIE'S INC LE3 QT 1,137.4 (179.8) 221.4
LIFEMD INC LFMD US 33.9 (7.4) (7.9)
LINDBLAD EXPEDIT LIND US 853.8 (103.1) (73.9)
LINDBLAD EXPEDIT LI4 GR 853.8 (103.1) (73.9)
LINDBLAD EXPEDIT LINDEUR EU 853.8 (103.1) (73.9)
LINDBLAD EXPEDIT LI4 TH 853.8 (103.1) (73.9)
LINDBLAD EXPEDIT LI4 QT 853.8 (103.1) (73.9)
LINDBLAD EXPEDIT LI4 GZ 853.8 (103.1) (73.9)
LOWE'S COS INC LWE GR 44,521.0 (14,732.0) 4,624.0
LOWE'S COS INC LOW US 44,521.0 (14,732.0) 4,624.0
LOWE'S COS INC LWE TH 44,521.0 (14,732.0) 4,624.0
LOWE'S COS INC LOW SW 44,521.0 (14,732.0) 4,624.0
LOWE'S COS INC LWE QT 44,521.0 (14,732.0) 4,624.0
LOWE'S COS INC LOWEUR EU 44,521.0 (14,732.0) 4,624.0
LOWE'S COS INC LWE GZ 44,521.0 (14,732.0) 4,624.0
LOWE'S COS INC LOW* MM 44,521.0 (14,732.0) 4,624.0
LOWE'S COS INC LWE TE 44,521.0 (14,732.0) 4,624.0
LOWE'S COS INC LOWE AV 44,521.0 (14,732.0) 4,624.0
LOWE'S COS INC LOWEUR EZ 44,521.0 (14,732.0) 4,624.0
LOWE'S COS INC LOW-RM RM 44,521.0 (14,732.0) 4,624.0
LOWE'S COS-BDR LOWC34 BZ 44,521.0 (14,732.0) 4,624.0
LUMINAR TECHNOLO LAZR US 658.4 (82.3) 393.9
LUMINAR TECHNOLO LAZR* MM 658.4 (82.3) 393.9
LUMINAR TECHNOLO LAZR-RM RM 658.4 (82.3) 393.9
LUMINAR TECHNOLO 9FS GR 658.4 (82.3) 393.9
LUMINAR TECHNOLO LAZREUR EU 658.4 (82.3) 393.9
LUMINAR TECHNOLO 9FS TH 658.4 (82.3) 393.9
LUMINAR TECHNOLO 9FS GZ 658.4 (82.3) 393.9
LUMINAR TECHNOLO 9FS QT 658.4 (82.3) 393.9
LUMINE GROUP INC LMN CN 1,481.8 (2,860.1) (3,545.5)
LUMINE GROUP INC LMGIF US 1,481.8 (2,860.1) (3,545.5)
MADISON SQUARE G MSGS US 1,315.0 (337.2) (371.3)
MADISON SQUARE G MS8 GR 1,315.0 (337.2) (371.3)
MADISON SQUARE G MSG1EUR EU 1,315.0 (337.2) (371.3)
MADISON SQUARE G MS8 TH 1,315.0 (337.2) (371.3)
MADISON SQUARE G MS8 QT 1,315.0 (337.2) (371.3)
MADISON SQUARE G MS8 GZ 1,315.0 (337.2) (371.3)
MADISON SQUARE G MSGE US 1,401.2 (69.5) (245.4)
MADISON SQUARE G MSGE1* MM 1,401.2 (69.5) (245.4)
MANNKIND CORP NNFN GR 313.4 (260.5) 133.3
MANNKIND CORP MNKD US 313.4 (260.5) 133.3
MANNKIND CORP NNFN TH 313.4 (260.5) 133.3
MANNKIND CORP NNFN QT 313.4 (260.5) 133.3
MANNKIND CORP MNKDEUR EU 313.4 (260.5) 133.3
MANNKIND CORP NNFN GZ 313.4 (260.5) 133.3
MARKETWISE INC MKTW* MM 445.6 (257.3) (50.3)
MARRIOTT - BDR M1TT34 BZ 25,087.0 (224.0) (4,076.0)
MARRIOTT INTERNA MAQD EB 25,087.0 (224.0) (4,076.0)
MARRIOTT INTERNA MAQD IX 25,087.0 (224.0) (4,076.0)
MARRIOTT INTERNA MAQD I2 25,087.0 (224.0) (4,076.0)
MARRIOTT INTL-A MAQ TH 25,087.0 (224.0) (4,076.0)
MARRIOTT INTL-A MAQ GR 25,087.0 (224.0) (4,076.0)
MARRIOTT INTL-A MAR US 25,087.0 (224.0) (4,076.0)
MARRIOTT INTL-A MAQ QT 25,087.0 (224.0) (4,076.0)
MARRIOTT INTL-A MAREUR EU 25,087.0 (224.0) (4,076.0)
MARRIOTT INTL-A MAQ GZ 25,087.0 (224.0) (4,076.0)
MARRIOTT INTL-A MAR AV 25,087.0 (224.0) (4,076.0)
MARRIOTT INTL-A MAR TE 25,087.0 (224.0) (4,076.0)
MARRIOTT INTL-A MAQ SW 25,087.0 (224.0) (4,076.0)
MARRIOTT INTL-A MAREUR EZ 25,087.0 (224.0) (4,076.0)
MARRIOTT INTL-A MAR* MM 25,087.0 (224.0) (4,076.0)
MARRIOTT INTL-A MAR-RM RM 25,087.0 (224.0) (4,076.0)
MATCH GROUP -BDR M1TC34 BZ 4,339.0 (177.5) 594.8
MATCH GROUP INC 0JZ7 LI 4,339.0 (177.5) 594.8
MATCH GROUP INC MTCH US 4,339.0 (177.5) 594.8
MATCH GROUP INC MTCH1* MM 4,339.0 (177.5) 594.8
MATCH GROUP INC 4MGN TH 4,339.0 (177.5) 594.8
MATCH GROUP INC 4MGN GR 4,339.0 (177.5) 594.8
MATCH GROUP INC 4MGN QT 4,339.0 (177.5) 594.8
MATCH GROUP INC 4MGN SW 4,339.0 (177.5) 594.8
MATCH GROUP INC MTC2 AV 4,339.0 (177.5) 594.8
MATCH GROUP INC 4MGN GZ 4,339.0 (177.5) 594.8
MATCH GROUP INC MTCH-RM RM 4,339.0 (177.5) 594.8
MBIA INC MBI US 3,257.0 (988.0) -
MBIA INC MBJ GR 3,257.0 (988.0) -
MBIA INC MBJ TH 3,257.0 (988.0) -
MBIA INC MBJ QT 3,257.0 (988.0) -
MBIA INC MBI1EUR EU 3,257.0 (988.0) -
MBIA INC MBJ GZ 3,257.0 (988.0) -
MCDONALD'S CORP MDOD EB 50,442.0 (4,999.1) 1,271.7
MCDONALD'S CORP MDOD IX 50,442.0 (4,999.1) 1,271.7
MCDONALD'S CORP MDOD I2 50,442.0 (4,999.1) 1,271.7
MCDONALDS - BDR MCDC34 BZ 50,442.0 (4,999.1) 1,271.7
MCDONALDS CORP MDO TH 50,442.0 (4,999.1) 1,271.7
MCDONALDS CORP MCD TE 50,442.0 (4,999.1) 1,271.7
MCDONALDS CORP MDO GR 50,442.0 (4,999.1) 1,271.7
MCDONALDS CORP MCD* MM 50,442.0 (4,999.1) 1,271.7
MCDONALDS CORP MCD US 50,442.0 (4,999.1) 1,271.7
MCDONALDS CORP MCD SW 50,442.0 (4,999.1) 1,271.7
MCDONALDS CORP MCD CI 50,442.0 (4,999.1) 1,271.7
MCDONALDS CORP MDO QT 50,442.0 (4,999.1) 1,271.7
MCDONALDS CORP MCDUSD EU 50,442.0 (4,999.1) 1,271.7
MCDONALDS CORP MCDUSD SW 50,442.0 (4,999.1) 1,271.7
MCDONALDS CORP MCDEUR EU 50,442.0 (4,999.1) 1,271.7
MCDONALDS CORP MDO GZ 50,442.0 (4,999.1) 1,271.7
MCDONALDS CORP MCD AV 50,442.0 (4,999.1) 1,271.7
MCDONALDS CORP MCDUSD EZ 50,442.0 (4,999.1) 1,271.7
MCDONALDS CORP MCDEUR EZ 50,442.0 (4,999.1) 1,271.7
MCDONALDS CORP 0R16 LN 50,442.0 (4,999.1) 1,271.7
MCDONALDS CORP MCD-RM RM 50,442.0 (4,999.1) 1,271.7
MCDONALDS CORP MCDCL CI 50,442.0 (4,999.1) 1,271.7
MCDONALDS-CEDEAR MCDD AR 50,442.0 (4,999.1) 1,271.7
MCDONALDS-CEDEAR MCDC AR 50,442.0 (4,999.1) 1,271.7
MCDONALDS-CEDEAR MCD AR 50,442.0 (4,999.1) 1,271.7
MCKESSON CORP MCK* MM 64,096.0 (1,240.0) (2,883.0)
MCKESSON CORP MCK GR 64,096.0 (1,240.0) (2,883.0)
MCKESSON CORP MCK US 64,096.0 (1,240.0) (2,883.0)
MCKESSON CORP MCK TH 64,096.0 (1,240.0) (2,883.0)
MCKESSON CORP MCK1EUR EU 64,096.0 (1,240.0) (2,883.0)
MCKESSON CORP MCK QT 64,096.0 (1,240.0) (2,883.0)
MCKESSON CORP MCK GZ 64,096.0 (1,240.0) (2,883.0)
MCKESSON CORP MCK1EUR EZ 64,096.0 (1,240.0) (2,883.0)
MCKESSON CORP MCK-RM RM 64,096.0 (1,240.0) (2,883.0)
MCKESSON-BDR M1CK34 BZ 64,096.0 (1,240.0) (2,883.0)
MEDIAALPHA INC-A MAX US 140.2 (94.4) (3.7)
METTLER-TO - BDR M1TD34 BZ 3,370.4 (89.7) 238.5
METTLER-TOLEDO MTD US 3,370.4 (89.7) 238.5
METTLER-TOLEDO MTO GR 3,370.4 (89.7) 238.5
METTLER-TOLEDO MTO QT 3,370.4 (89.7) 238.5
METTLER-TOLEDO MTO GZ 3,370.4 (89.7) 238.5
METTLER-TOLEDO MTO TH 3,370.4 (89.7) 238.5
METTLER-TOLEDO MTDEUR EU 3,370.4 (89.7) 238.5
METTLER-TOLEDO MTD* MM 3,370.4 (89.7) 238.5
METTLER-TOLEDO MTDEUR EZ 3,370.4 (89.7) 238.5
METTLER-TOLEDO MTD AV 3,370.4 (89.7) 238.5
METTLER-TOLEDO MTD-RM RM 3,370.4 (89.7) 238.5
MSCI INC 3HM GR 4,762.8 (1,193.7) 306.1
MSCI INC MSCI US 4,762.8 (1,193.7) 306.1
MSCI INC 3HM QT 4,762.8 (1,193.7) 306.1
MSCI INC 3HM SW 4,762.8 (1,193.7) 306.1
MSCI INC MSCI* MM 4,762.8 (1,193.7) 306.1
MSCI INC MSCIEUR EZ 4,762.8 (1,193.7) 306.1
MSCI INC 3HM GZ 4,762.8 (1,193.7) 306.1
MSCI INC 3HM TH 4,762.8 (1,193.7) 306.1
MSCI INC MSCI AV 4,762.8 (1,193.7) 306.1
MSCI INC MSCI-RM RM 4,762.8 (1,193.7) 306.1
MSCI INC-BDR M1SC34 BZ 4,762.8 (1,193.7) 306.1
NANOSTRING TECHN NSTGEUR EZ 289.0 (21.5) 159.0
NANOSTRING TECHN NSTG* MM 289.0 (21.5) 159.0
NATHANS FAMOUS NATH US 65.8 (39.2) 36.2
NATHANS FAMOUS NFA GR 65.8 (39.2) 36.2
NATHANS FAMOUS NATHEUR EU 65.8 (39.2) 36.2
NATIONAL CINEMED NCMI US 43.4 (19.3) 14.0
NEW ENG RLTY-LP NEN US 386.9 (64.3) -
NINE ENERGY SERV NINE US 438.5 (13.4) 124.1
NINE ENERGY SERV NEJ GR 438.5 (13.4) 124.1
NINE ENERGY SERV NINE1EUR EU 438.5 (13.4) 124.1
NINE ENERGY SERV NEJ GZ 438.5 (13.4) 124.1
NINE ENERGY SERV NEJ QT 438.5 (13.4) 124.1
NIOCORP DEVELOPM NB CN 33.1 (13.9) 3.5
NOVAVAX INC NVV1 GR 1,685.0 (754.5) (468.7)
NOVAVAX INC NVAX US 1,685.0 (754.5) (468.7)
NOVAVAX INC NVV1 TH 1,685.0 (754.5) (468.7)
NOVAVAX INC NVV1 QT 1,685.0 (754.5) (468.7)
NOVAVAX INC NVAXEUR EU 1,685.0 (754.5) (468.7)
NOVAVAX INC NVV1 GZ 1,685.0 (754.5) (468.7)
NOVAVAX INC NVV1 SW 1,685.0 (754.5) (468.7)
NOVAVAX INC NVAX* MM 1,685.0 (754.5) (468.7)
NOVAVAX INC 0A3S LI 1,685.0 (754.5) (468.7)
NOVAVAX INC NVV1 BU 1,685.0 (754.5) (468.7)
NUTANIX INC - A NTNX US 2,526.9 (707.4) 725.6
NUTANIX INC - A 0NU GR 2,526.9 (707.4) 725.6
NUTANIX INC - A NTNXEUR EU 2,526.9 (707.4) 725.6
NUTANIX INC - A 0NU TH 2,526.9 (707.4) 725.6
NUTANIX INC - A 0NU QT 2,526.9 (707.4) 725.6
NUTANIX INC - A 0NU GZ 2,526.9 (707.4) 725.6
NUTANIX INC - A NTNXEUR EZ 2,526.9 (707.4) 725.6
NUTANIX INC - A NTNX-RM RM 2,526.9 (707.4) 725.6
NUTANIX INC-BDR N2TN34 BZ 2,526.9 (707.4) 725.6
O'REILLY AUT-BDR ORLY34 BZ 13,276.6 (1,627.5) (2,382.4)
O'REILLY AUTOMOT OM6 GR 13,276.6 (1,627.5) (2,382.4)
O'REILLY AUTOMOT ORLY US 13,276.6 (1,627.5) (2,382.4)
O'REILLY AUTOMOT OM6 TH 13,276.6 (1,627.5) (2,382.4)
O'REILLY AUTOMOT ORLY SW 13,276.6 (1,627.5) (2,382.4)
O'REILLY AUTOMOT OM6 QT 13,276.6 (1,627.5) (2,382.4)
O'REILLY AUTOMOT ORLY* MM 13,276.6 (1,627.5) (2,382.4)
O'REILLY AUTOMOT ORLYEUR EU 13,276.6 (1,627.5) (2,382.4)
O'REILLY AUTOMOT OM6 GZ 13,276.6 (1,627.5) (2,382.4)
O'REILLY AUTOMOT ORLY AV 13,276.6 (1,627.5) (2,382.4)
O'REILLY AUTOMOT ORLYEUR EZ 13,276.6 (1,627.5) (2,382.4)
O'REILLY AUTOMOT ORLY-RM RM 13,276.6 (1,627.5) (2,382.4)
OCEAN BIOMEDICAL OCEA US 20.9 (8.4) (24.5)
ORGANON & CO OGN US 10,979.0 (555.0) 1,571.0
ORGANON & CO 7XP TH 10,979.0 (555.0) 1,571.0
ORGANON & CO OGN-WEUR EU 10,979.0 (555.0) 1,571.0
ORGANON & CO 7XP GR 10,979.0 (555.0) 1,571.0
ORGANON & CO OGN* MM 10,979.0 (555.0) 1,571.0
ORGANON & CO 7XP GZ 10,979.0 (555.0) 1,571.0
ORGANON & CO 7XP QT 10,979.0 (555.0) 1,571.0
ORGANON & CO OGN-RM RM 10,979.0 (555.0) 1,571.0
ORGANON & CO OGN TE 10,979.0 (555.0) 1,571.0
OTIS WORLDWI OTIS US 10,135.0 (4,625.0) (741.0)
OTIS WORLDWI 4PG GR 10,135.0 (4,625.0) (741.0)
OTIS WORLDWI 4PG GZ 10,135.0 (4,625.0) (741.0)
OTIS WORLDWI OTISEUR EZ 10,135.0 (4,625.0) (741.0)
OTIS WORLDWI OTISEUR EU 10,135.0 (4,625.0) (741.0)
OTIS WORLDWI OTIS* MM 10,135.0 (4,625.0) (741.0)
OTIS WORLDWI 4PG TH 10,135.0 (4,625.0) (741.0)
OTIS WORLDWI 4PG QT 10,135.0 (4,625.0) (741.0)
OTIS WORLDWI OTIS AV 10,135.0 (4,625.0) (741.0)
OTIS WORLDWI OTIS-RM RM 10,135.0 (4,625.0) (741.0)
OTIS WORLDWI-BDR O1TI34 BZ 10,135.0 (4,625.0) (741.0)
PAPA JOHN'S INTL PZZA US 873.6 (464.5) (54.8)
PAPA JOHN'S INTL PP1 GR 873.6 (464.5) (54.8)
PAPA JOHN'S INTL PZZAEUR EU 873.6 (464.5) (54.8)
PAPA JOHN'S INTL PP1 GZ 873.6 (464.5) (54.8)
PAPA JOHN'S INTL PP1 TH 873.6 (464.5) (54.8)
PAPA JOHN'S INTL PP1 QT 873.6 (464.5) (54.8)
PELOTON INTERA-A PTON US 2,769.1 (295.1) 877.7
PELOTON INTERA-A 2ON GR 2,769.1 (295.1) 877.7
PELOTON INTERA-A 2ON GZ 2,769.1 (295.1) 877.7
PELOTON INTERA-A PTONEUR EZ 2,769.1 (295.1) 877.7
PELOTON INTERA-A PTONEUR EU 2,769.1 (295.1) 877.7
PELOTON INTERA-A 2ON QT 2,769.1 (295.1) 877.7
PELOTON INTERA-A 2ON TH 2,769.1 (295.1) 877.7
PELOTON INTERA-A PTON* MM 2,769.1 (295.1) 877.7
PELOTON INTERA-A 0A46 LI 2,769.1 (295.1) 877.7
PELOTON INTERA-A PTON AV 2,769.1 (295.1) 877.7
PELOTON INTERA-A 2ON SW 2,769.1 (295.1) 877.7
PELOTON INTERA-A PTON-RM RM 2,769.1 (295.1) 877.7
PELOTON INTERACT PTON TE 2,769.1 (295.1) 877.7
PETRO USA INC PBAJ US - (0.1) (0.1)
PHILIP MORRI-BDR PHMO34 BZ 61,868.0 (7,960.0) (3,409.0)
PHILIP MORRIS IN PM1EUR EU 61,868.0 (7,960.0) (3,409.0)
PHILIP MORRIS IN PMI SW 61,868.0 (7,960.0) (3,409.0)
PHILIP MORRIS IN PM1 TE 61,868.0 (7,960.0) (3,409.0)
PHILIP MORRIS IN 4I1 TH 61,868.0 (7,960.0) (3,409.0)
PHILIP MORRIS IN PM1CHF EU 61,868.0 (7,960.0) (3,409.0)
PHILIP MORRIS IN 4I1 GR 61,868.0 (7,960.0) (3,409.0)
PHILIP MORRIS IN PM US 61,868.0 (7,960.0) (3,409.0)
PHILIP MORRIS IN PMIZ IX 61,868.0 (7,960.0) (3,409.0)
PHILIP MORRIS IN PMIZ EB 61,868.0 (7,960.0) (3,409.0)
PHILIP MORRIS IN 4I1 QT 61,868.0 (7,960.0) (3,409.0)
PHILIP MORRIS IN 4I1 GZ 61,868.0 (7,960.0) (3,409.0)
PHILIP MORRIS IN 0M8V LN 61,868.0 (7,960.0) (3,409.0)
PHILIP MORRIS IN PMOR AV 61,868.0 (7,960.0) (3,409.0)
PHILIP MORRIS IN PM* MM 61,868.0 (7,960.0) (3,409.0)
PHILIP MORRIS IN PM1CHF EZ 61,868.0 (7,960.0) (3,409.0)
PHILIP MORRIS IN PM1EUR EZ 61,868.0 (7,960.0) (3,409.0)
PHILIP MORRIS IN PM-RM RM 61,868.0 (7,960.0) (3,409.0)
PITNEY BOW-CED PBI AR 4,423.4 (75.5) (241.9)
PITNEY BOWES INC PBW GR 4,423.4 (75.5) (241.9)
PITNEY BOWES INC PBI US 4,423.4 (75.5) (241.9)
PITNEY BOWES INC PBW TH 4,423.4 (75.5) (241.9)
PITNEY BOWES INC PBIEUR EU 4,423.4 (75.5) (241.9)
PITNEY BOWES INC PBW QT 4,423.4 (75.5) (241.9)
PITNEY BOWES INC PBW GZ 4,423.4 (75.5) (241.9)
PITNEY BOWES INC PBI-RM RM 4,423.4 (75.5) (241.9)
PLANET FITNESS I P2LN34 BZ 2,848.2 (216.0) 230.9
PLANET FITNESS I PLNT* MM 2,848.2 (216.0) 230.9
PLANET FITNESS-A PLNT US 2,848.2 (216.0) 230.9
PLANET FITNESS-A 3PL TH 2,848.2 (216.0) 230.9
PLANET FITNESS-A 3PL GR 2,848.2 (216.0) 230.9
PLANET FITNESS-A 3PL QT 2,848.2 (216.0) 230.9
PLANET FITNESS-A PLNT1EUR EU 2,848.2 (216.0) 230.9
PLANET FITNESS-A PLNT1EUR EZ 2,848.2 (216.0) 230.9
PLANET FITNESS-A 3PL GZ 2,848.2 (216.0) 230.9
PRESTO AUTOMATIO PRST US 48.6 (22.2) (31.5)
PREVENTION INS.C PVNC US 0.0 (0.2) (0.2)
PROS HOLDINGS IN PH2 GR 434.0 (51.5) (48.6)
PROS HOLDINGS IN PRO US 434.0 (51.5) (48.6)
PROS HOLDINGS IN PRO1EUR EU 434.0 (51.5) (48.6)
PTC THERAPEUTICS PTCT US 1,338.1 (577.8) 113.3
PTC THERAPEUTICS BH3 GR 1,338.1 (577.8) 113.3
PTC THERAPEUTICS P91 TH 1,338.1 (577.8) 113.3
PTC THERAPEUTICS P91 QT 1,338.1 (577.8) 113.3
RAPID7 INC RPD US 1,355.7 (111.0) 4.5
RAPID7 INC R7D GR 1,355.7 (111.0) 4.5
RAPID7 INC RPDEUR EU 1,355.7 (111.0) 4.5
RAPID7 INC R7D TH 1,355.7 (111.0) 4.5
RAPID7 INC RPD* MM 1,355.7 (111.0) 4.5
RAPID7 INC R7D GZ 1,355.7 (111.0) 4.5
RAPID7 INC R7D QT 1,355.7 (111.0) 4.5
RINGCENTRAL IN-A RNG US 1,960.4 (272.4) 211.2
RINGCENTRAL IN-A 3RCA GR 1,960.4 (272.4) 211.2
RINGCENTRAL IN-A RNGEUR EU 1,960.4 (272.4) 211.2
RINGCENTRAL IN-A 3RCA TH 1,960.4 (272.4) 211.2
RINGCENTRAL IN-A 3RCA QT 1,960.4 (272.4) 211.2
RINGCENTRAL IN-A RNGEUR EZ 1,960.4 (272.4) 211.2
RINGCENTRAL IN-A RNG* MM 1,960.4 (272.4) 211.2
RINGCENTRAL IN-A 3RCA GZ 1,960.4 (272.4) 211.2
RINGCENTRAL-BDR R2NG34 BZ 1,960.4 (272.4) 211.2
SABRE CORP SABR US 4,924.6 (1,068.6) 446.5
SABRE CORP 19S GR 4,924.6 (1,068.6) 446.5
SABRE CORP 19S TH 4,924.6 (1,068.6) 446.5
SABRE CORP 19S QT 4,924.6 (1,068.6) 446.5
SABRE CORP SABREUR EU 4,924.6 (1,068.6) 446.5
SABRE CORP SABREUR EZ 4,924.6 (1,068.6) 446.5
SABRE CORP 19S GZ 4,924.6 (1,068.6) 446.5
SAVERS VALUE VIL SVV US 1,783.2 (12.6) (23.8)
SBA COMM CORP 4SB GR 10,604.5 (5,054.8) (219.8)
SBA COMM CORP SBAC US 10,604.5 (5,054.8) (219.8)
SBA COMM CORP 4SB TH 10,604.5 (5,054.8) (219.8)
SBA COMM CORP 4SB QT 10,604.5 (5,054.8) (219.8)
SBA COMM CORP SBACEUR EU 10,604.5 (5,054.8) (219.8)
SBA COMM CORP 4SB GZ 10,604.5 (5,054.8) (219.8)
SBA COMM CORP SBAC* MM 10,604.5 (5,054.8) (219.8)
SBA COMM CORP SBACEUR EZ 10,604.5 (5,054.8) (219.8)
SBA COMMUN - BDR S1BA34 BZ 10,604.5 (5,054.8) (219.8)
SEAGATE TECHNOLO S1TX34 BZ 7,556.0 (1,199.0) 313.0
SEAGATE TECHNOLO STXN MM 7,556.0 (1,199.0) 313.0
SEAGATE TECHNOLO STX US 7,556.0 (1,199.0) 313.0
SEAGATE TECHNOLO 847 GR 7,556.0 (1,199.0) 313.0
SEAGATE TECHNOLO 847 GZ 7,556.0 (1,199.0) 313.0
SEAGATE TECHNOLO STX4EUR EU 7,556.0 (1,199.0) 313.0
SEAGATE TECHNOLO 847 TH 7,556.0 (1,199.0) 313.0
SEAGATE TECHNOLO STXH AV 7,556.0 (1,199.0) 313.0
SEAGATE TECHNOLO 847 QT 7,556.0 (1,199.0) 313.0
SEAGATE TECHNOLO STH TE 7,556.0 (1,199.0) 313.0
SEAWORLD ENTERTA SEAS US 2,505.2 (377.5) (176.9)
SEAWORLD ENTERTA W2L GR 2,505.2 (377.5) (176.9)
SEAWORLD ENTERTA W2L TH 2,505.2 (377.5) (176.9)
SEAWORLD ENTERTA SEASEUR EU 2,505.2 (377.5) (176.9)
SEAWORLD ENTERTA W2L QT 2,505.2 (377.5) (176.9)
SEAWORLD ENTERTA W2L GZ 2,505.2 (377.5) (176.9)
SIRIUS XM HO-BDR SRXM34 BZ 10,078.0 (3,111.0) (2,196.0)
SIRIUS XM HOLDIN SIRI US 10,078.0 (3,111.0) (2,196.0)
SIRIUS XM HOLDIN RDO TH 10,078.0 (3,111.0) (2,196.0)
SIRIUS XM HOLDIN RDO GR 10,078.0 (3,111.0) (2,196.0)
SIRIUS XM HOLDIN SIRI SW 10,078.0 (3,111.0) (2,196.0)
SIRIUS XM HOLDIN RDO QT 10,078.0 (3,111.0) (2,196.0)
SIRIUS XM HOLDIN SIRIEUR EU 10,078.0 (3,111.0) (2,196.0)
SIRIUS XM HOLDIN RDO GZ 10,078.0 (3,111.0) (2,196.0)
SIRIUS XM HOLDIN SIRI AV 10,078.0 (3,111.0) (2,196.0)
SIRIUS XM HOLDIN SIRIEUR EZ 10,078.0 (3,111.0) (2,196.0)
SIRIUS XM HOLDIN SIRI* MM 10,078.0 (3,111.0) (2,196.0)
SIX FLAGS ENTERT SIX US 2,713.6 (450.7) (342.5)
SIX FLAGS ENTERT 6FE GR 2,713.6 (450.7) (342.5)
SIX FLAGS ENTERT SIXEUR EU 2,713.6 (450.7) (342.5)
SIX FLAGS ENTERT 6FE TH 2,713.6 (450.7) (342.5)
SIX FLAGS ENTERT 6FE QT 2,713.6 (450.7) (342.5)
SIX FLAGS ENTERT S2IX34 BZ 2,713.6 (450.7) (342.5)
SLEEP NUMBER COR SNBR US 965.2 (419.1) (713.2)
SLEEP NUMBER COR SL2 GR 965.2 (419.1) (713.2)
SLEEP NUMBER COR SNBREUR EU 965.2 (419.1) (713.2)
SLEEP NUMBER COR SL2 TH 965.2 (419.1) (713.2)
SLEEP NUMBER COR SL2 QT 965.2 (419.1) (713.2)
SLEEP NUMBER COR SL2 GZ 965.2 (419.1) (713.2)
SMILEDIRECTCLUB SDC* MM 498.7 (490.1) 100.8
SONDER HOLDINGS SOND* MM 1,607.9 (136.6) (43.4)
SPIRIT AEROSYS-A S9Q GR 6,545.2 (628.9) 1,105.5
SPIRIT AEROSYS-A SPR US 6,545.2 (628.9) 1,105.5
SPIRIT AEROSYS-A S9Q TH 6,545.2 (628.9) 1,105.5
SPIRIT AEROSYS-A SPREUR EU 6,545.2 (628.9) 1,105.5
SPIRIT AEROSYS-A S9Q QT 6,545.2 (628.9) 1,105.5
SPIRIT AEROSYS-A SPREUR EZ 6,545.2 (628.9) 1,105.5
SPIRIT AEROSYS-A S9Q GZ 6,545.2 (628.9) 1,105.5
SPIRIT AEROSYS-A SPR-RM RM 6,545.2 (628.9) 1,105.5
SPLUNK INC SPLK US 6,076.9 (39.0) 1,040.2
SPLUNK INC S0U GR 6,076.9 (39.0) 1,040.2
SPLUNK INC S0U TH 6,076.9 (39.0) 1,040.2
SPLUNK INC S0U QT 6,076.9 (39.0) 1,040.2
SPLUNK INC SPLKEUR EU 6,076.9 (39.0) 1,040.2
SPLUNK INC SPLK* MM 6,076.9 (39.0) 1,040.2
SPLUNK INC SPLKEUR EZ 6,076.9 (39.0) 1,040.2
SPLUNK INC S0U GZ 6,076.9 (39.0) 1,040.2
SPLUNK INC SPLK-RM RM 6,076.9 (39.0) 1,040.2
SPLUNK INC - BDR S1PL34 BZ 6,076.9 (39.0) 1,040.2
SQUARESPACE -BDR S2QS34 BZ 766.4 (291.2) (113.9)
SQUARESPACE IN-A SQSP US 766.4 (291.2) (113.9)
SQUARESPACE IN-A 8DT GR 766.4 (291.2) (113.9)
SQUARESPACE IN-A 8DT GZ 766.4 (291.2) (113.9)
SQUARESPACE IN-A SQSPEUR EU 766.4 (291.2) (113.9)
SQUARESPACE IN-A 8DT TH 766.4 (291.2) (113.9)
SQUARESPACE IN-A 8DT QT 766.4 (291.2) (113.9)
STARBUCKS CORP SBUX US 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SBUX* MM 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SRB TH 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SRB GR 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SBUX CI 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SBUX SW 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SRB QT 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SBUX PE 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SBUXUSD SW 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SRB GZ 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SBUX AV 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SBUX TE 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SBUXEUR EU 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP 1SBUX IM 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SBUXEUR EZ 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP 0QZH LI 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SBUX-RM RM 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SBUXCL CI 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SBUX_KZ KZ 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SRBD BQ 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SRBD EB 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SRBD IX 28,733.0 (8,341.6) (2,043.9)
STARBUCKS CORP SRBD I2 28,733.0 (8,341.6) (2,043.9)
STARBUCKS-BDR SBUB34 BZ 28,733.0 (8,341.6) (2,043.9)
STARBUCKS-CEDEAR SBUX AR 28,733.0 (8,341.6) (2,043.9)
STARBUCKS-CEDEAR SBUXD AR 28,733.0 (8,341.6) (2,043.9)
SYNDAX PHARMACEU SNDX US 431.3 (378.7) 378.9
SYNDAX PHARMACEU 1T3 GR 431.3 (378.7) 378.9
SYNDAX PHARMACEU SNDXEUR EU 431.3 (378.7) 378.9
SYNDAX PHARMACEU 1T3 TH 431.3 (378.7) 378.9
SYNDAX PHARMACEU 1T3 QT 431.3 (378.7) 378.9
SYNDAX PHARMACEU 1T3 GZ 431.3 (378.7) 378.9
TABULA RASA HEAL TRHC US 355.9 (78.1) 53.0
TABULA RASA HEAL 43T GR 355.9 (78.1) 53.0
TABULA RASA HEAL TRHCEUR EU 355.9 (78.1) 53.0
TABULA RASA HEAL 43T TH 355.9 (78.1) 53.0
TABULA RASA HEAL 43T GZ 355.9 (78.1) 53.0
TALEN ENERGY COR TLNE US 9,311.0 (391.0) (306.0)
TAYSHA GENE THER TSHA US 81.5 (37.1) 3.5
TRANSAT A.T. TRZ CN 2,509.3 (834.0) (100.3)
TRANSDIGM - BDR T1DG34 BZ 19,555.0 (2,387.0) 4,719.0
TRANSDIGM GROUP T7D GR 19,555.0 (2,387.0) 4,719.0
TRANSDIGM GROUP TDG US 19,555.0 (2,387.0) 4,719.0
TRANSDIGM GROUP T7D QT 19,555.0 (2,387.0) 4,719.0
TRANSDIGM GROUP TDGEUR EU 19,555.0 (2,387.0) 4,719.0
TRANSDIGM GROUP T7D TH 19,555.0 (2,387.0) 4,719.0
TRANSDIGM GROUP TDG* MM 19,555.0 (2,387.0) 4,719.0
TRANSDIGM GROUP TDGEUR EZ 19,555.0 (2,387.0) 4,719.0
TRANSDIGM GROUP TDG-RM RM 19,555.0 (2,387.0) 4,719.0
TRAVEL + LEISURE WD5A GR 6,602.0 (1,004.0) 614.0
TRAVEL + LEISURE TNL US 6,602.0 (1,004.0) 614.0
TRAVEL + LEISURE WD5A TH 6,602.0 (1,004.0) 614.0
TRAVEL + LEISURE WD5A QT 6,602.0 (1,004.0) 614.0
TRAVEL + LEISURE WYNEUR EU 6,602.0 (1,004.0) 614.0
TRAVEL + LEISURE 0M1K LI 6,602.0 (1,004.0) 614.0
TRAVEL + LEISURE WD5A GZ 6,602.0 (1,004.0) 614.0
TRAVEL + LEISURE TNL* MM 6,602.0 (1,004.0) 614.0
TRIUMPH GROUP TG7 GR 1,649.9 (751.9) 518.3
TRIUMPH GROUP TGI US 1,649.9 (751.9) 518.3
TRIUMPH GROUP TGIEUR EU 1,649.9 (751.9) 518.3
TRIUMPH GROUP TG7 TH 1,649.9 (751.9) 518.3
TRIUMPH GROUP TG7 GZ 1,649.9 (751.9) 518.3
TUPPERWARE BRAND TUP SW 952.2 (187.5) 102.9
UBIQUITI INC 3UB GR 1,406.4 (115.7) 815.2
UBIQUITI INC UI US 1,406.4 (115.7) 815.2
UBIQUITI INC UBNTEUR EU 1,406.4 (115.7) 815.2
UBIQUITI INC 3UB TH 1,406.4 (115.7) 815.2
UNITED HOMES GRO UHG US 246.9 (117.1) 200.1
UNITED HOMES GRO 6PO GR 246.9 (117.1) 200.1
UNITED HOMES GRO DHHCEUR EU 246.9 (117.1) 200.1
UNITI GROUP INC UNIT US 5,034.6 (2,331.2) -
UNITI GROUP INC 8XC GR 5,034.6 (2,331.2) -
UNITI GROUP INC 8XC TH 5,034.6 (2,331.2) -
UNITI GROUP INC 8XC GZ 5,034.6 (2,331.2) -
UROGEN PHARMA LT URGN US 95.4 (138.4) 54.6
UROGEN PHARMA LT UR8 GR 95.4 (138.4) 54.6
UROGEN PHARMA LT URGNEUR EU 95.4 (138.4) 54.6
VECTOR GROUP LTD VGR GR 1,033.2 (797.1) 332.8
VECTOR GROUP LTD VGR US 1,033.2 (797.1) 332.8
VECTOR GROUP LTD VGR QT 1,033.2 (797.1) 332.8
VECTOR GROUP LTD VGREUR EU 1,033.2 (797.1) 332.8
VECTOR GROUP LTD VGREUR EZ 1,033.2 (797.1) 332.8
VECTOR GROUP LTD VGR TH 1,033.2 (797.1) 332.8
VECTOR GROUP LTD VGR GZ 1,033.2 (797.1) 332.8
VERISIGN INC VRS TH 1,677.2 (1,617.9) (144.3)
VERISIGN INC VRS GR 1,677.2 (1,617.9) (144.3)
VERISIGN INC VRSN US 1,677.2 (1,617.9) (144.3)
VERISIGN INC VRS QT 1,677.2 (1,617.9) (144.3)
VERISIGN INC VRSNEUR EU 1,677.2 (1,617.9) (144.3)
VERISIGN INC VRS GZ 1,677.2 (1,617.9) (144.3)
VERISIGN INC VRSN* MM 1,677.2 (1,617.9) (144.3)
VERISIGN INC VRSNEUR EZ 1,677.2 (1,617.9) (144.3)
VERISIGN INC VRSN-RM RM 1,677.2 (1,617.9) (144.3)
VERISIGN INC-BDR VRSN34 BZ 1,677.2 (1,617.9) (144.3)
VERISIGN-CEDEAR VRSN AR 1,677.2 (1,617.9) (144.3)
WAVE LIFE SCIENC WVE US 230.0 (43.8) 44.5
WAVE LIFE SCIENC WVEEUR EU 230.0 (43.8) 44.5
WAVE LIFE SCIENC 1U5 GR 230.0 (43.8) 44.5
WAVE LIFE SCIENC 1U5 TH 230.0 (43.8) 44.5
WAVE LIFE SCIENC 1U5 GZ 230.0 (43.8) 44.5
WAYFAIR INC- A W US 3,382.0 (2,698.0) (200.0)
WAYFAIR INC- A 1WF GR 3,382.0 (2,698.0) (200.0)
WAYFAIR INC- A 1WF TH 3,382.0 (2,698.0) (200.0)
WAYFAIR INC- A WEUR EU 3,382.0 (2,698.0) (200.0)
WAYFAIR INC- A 1WF QT 3,382.0 (2,698.0) (200.0)
WAYFAIR INC- A WEUR EZ 3,382.0 (2,698.0) (200.0)
WAYFAIR INC- A 1WF GZ 3,382.0 (2,698.0) (200.0)
WAYFAIR INC- A W* MM 3,382.0 (2,698.0) (200.0)
WAYFAIR INC- BDR W2YF34 BZ 3,382.0 (2,698.0) (200.0)
WINGSTOP INC WING US 451.2 (365.4) 179.4
WINGSTOP INC EWG GR 451.2 (365.4) 179.4
WINGSTOP INC WING1EUR EU 451.2 (365.4) 179.4
WINGSTOP INC EWG GZ 451.2 (365.4) 179.4
WINGSTOP INC EWG TH 451.2 (365.4) 179.4
WINMARK CORP WINA US 47.7 (43.6) 24.0
WINMARK CORP GBZ GR 47.7 (43.6) 24.0
WPF HOLDINGS INC WPFH US 0.0 (0.3) (0.3)
WW INTERNATIONAL WW US 1,001.5 (716.3) (23.5)
WW INTERNATIONAL WW6 GR 1,001.5 (716.3) (23.5)
WW INTERNATIONAL WW6 TH 1,001.5 (716.3) (23.5)
WW INTERNATIONAL WTWEUR EU 1,001.5 (716.3) (23.5)
WW INTERNATIONAL WW6 QT 1,001.5 (716.3) (23.5)
WW INTERNATIONAL WW6 GZ 1,001.5 (716.3) (23.5)
WW INTERNATIONAL WW6 SW 1,001.5 (716.3) (23.5)
WW INTERNATIONAL WTW AV 1,001.5 (716.3) (23.5)
WW INTERNATIONAL WTWEUR EZ 1,001.5 (716.3) (23.5)
WW INTERNATIONAL WW-RM RM 1,001.5 (716.3) (23.5)
WYNN RESORTS LTD WYR GR 13,783.7 (1,507.2) 3,005.7
WYNN RESORTS LTD WYNN* MM 13,783.7 (1,507.2) 3,005.7
WYNN RESORTS LTD WYNN US 13,783.7 (1,507.2) 3,005.7
WYNN RESORTS LTD WYR TH 13,783.7 (1,507.2) 3,005.7
WYNN RESORTS LTD WYNN SW 13,783.7 (1,507.2) 3,005.7
WYNN RESORTS LTD WYR QT 13,783.7 (1,507.2) 3,005.7
WYNN RESORTS LTD WYNNEUR EU 13,783.7 (1,507.2) 3,005.7
WYNN RESORTS LTD WYR GZ 13,783.7 (1,507.2) 3,005.7
WYNN RESORTS LTD WYNNEUR EZ 13,783.7 (1,507.2) 3,005.7
WYNN RESORTS LTD WYNN-RM RM 13,783.7 (1,507.2) 3,005.7
WYNN RESORTS-BDR W1YN34 BZ 13,783.7 (1,507.2) 3,005.7
YUM! BRANDS INC YUM US 5,848.0 (8,436.0) 28.0
YUM! BRANDS INC TGR GR 5,848.0 (8,436.0) 28.0
YUM! BRANDS INC TGR TH 5,848.0 (8,436.0) 28.0
YUM! BRANDS INC YUMEUR EU 5,848.0 (8,436.0) 28.0
YUM! BRANDS INC TGR QT 5,848.0 (8,436.0) 28.0
YUM! BRANDS INC YUM SW 5,848.0 (8,436.0) 28.0
YUM! BRANDS INC YUMUSD SW 5,848.0 (8,436.0) 28.0
YUM! BRANDS INC TGR GZ 5,848.0 (8,436.0) 28.0
YUM! BRANDS INC YUM* MM 5,848.0 (8,436.0) 28.0
YUM! BRANDS INC YUM AV 5,848.0 (8,436.0) 28.0
YUM! BRANDS INC YUMEUR EZ 5,848.0 (8,436.0) 28.0
YUM! BRANDS INC YUM-RM RM 5,848.0 (8,436.0) 28.0
*********
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 2023. 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 ***