TCR_Public/170819.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, August 19, 2017, Vol. 21, No. 230

                            Headlines

ADPT DFW: Net Loss Decreases to $16.41 Million in June
RMS TITANIC: Listed $584,671 in Bank Funds at June 30
TIDEWATER INC: Suffers $430.05 Million Net Loss in June

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ADPT DFW: Net Loss Decreases to $16.41 Million in June
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ADPT DFW Holdings LLC, et al., filed with the U.S. Securities and
Exchange Commission their monthly operating report for June 2017.

The Debtors reported a net loss of $16.41 million on total net
operating revenue of $17.45 million for June, as compared to $27.81
million net loss recorded for the previous month.

As of June 30, 2017, the Debtors posted total assets of $413.65
million, total liabilities of $625.94 million, and total
shareholder's deficit of $212.30 million.

The Debtors started the month with $24.16 million cash.  They
listed $48.16 million in total receipts and $54.67 million in total
disbursements.  At month end, the Debtors had $17.64 million
cash.

A copy of the monthly operating report is available at the SEC at:

                    https://is.gd/moErYf    

                  About ADPT DFW Holdings LLC

Adeptus Health LLC -- http://www.adpt.com/-- through its
subsidiaries, owns and operates hospitals and free standing
emergency rooms in partnership with various healthcare providers.
Adeptus Health Inc. is a holding company whose sole material asset
is a controlling equity interest in Adeptus Health LLC.

Lewisville, Texas-based ADPT DFW Holdings LLC and its affiliates,
including Adeptus Health, Inc., and Adeptus Health LLC, each filed
Chapter 11 bankruptcy petitions (Bankr. N.D. Tex. Lead Case No.
17-31432) on April 19, 2017, listing $798.7 million in total assets
and $453.48 million in total debt as of Sept. 30, 2016.  Andrew
Hinkelman, their chief restructuring officer, signed the
petitions.

Judge Stacey G. Jernigan presides over the cases.

Elizabeth Nicolle Boydston, Esq., Kristian W. Gluck, Esq., John N.
Schwartz, Esq., Timothy S. Springer, Esq., and Louis R. Strubeck,
Jr., Esq., at Norton Rose Fulbright US LLP serve as the Debtors'
bankruptcy counsel. The Debtors tapped DLA Piper LLP (US) as
special counsel; FTI Consulting, Inc., as chief restructuring
officer; Houlihan Lokey, Inc., as investment banker; and Epiq
Systems as claims and noticing agent.

On May 1, 2017, a nine-member official unsecured creditors
committee was formed in the case. The committee tapped Akin Gump
Strauss Hauer & Feld LLP as counsel. The Committee retained
CohnReznick as financial advisors.

On June 19, 2017, the U.S. Trustee appointed an official committee
of equity security holders. The equity committee hired Winstead
P.C. as legal counsel.

Daniel T. McMurray has been named as Patient Care Ombudsman in the
Debtors' cases.  The PCO tapped Focus Management Group USA, Inc.,
as medical operations advisor.


RMS TITANIC: Listed $584,671 in Bank Funds at June 30
-----------------------------------------------------
RMS Titanic, Inc., filed with the U.S. Securities and Exchange
Commission its monthly operating report for June 2017.

In its schedule of receipts and disbursements, RMS Titanic stated
that it had $584,575 in bank funds at June 1, 2017.  It posted $96
in total receipts and no disbursements for the month.  Thus, at
June 30, 2017, the Debtor had a $584,671 ending cash balance.

A copy of the monthly operating report is available at the SEC at:

                    https://is.gd/PNWz1v   

                About About RMS Titanic, Inc.

Premier Exhibitions, Inc. (Nasdaq: PRXI), located in Atlanta,
Georgia, is a presenter of museum quality exhibitions throughout
the world.  Premier -- http://www.PremierExhibitions.com/--  
develops and displays unique exhibitions for education and
entertainment including Titanic: The Artifact Exhibition, BODIES.
The Exhibition, Tutankhamun: The Golden King and the Great
Pharaohs, Pompeii The Exhibition, Extreme Dinosaurs and Real
Pirates in partnership with National Geographic. The success of
Premier Exhibitions lies in its ability to produce, manage, and
market exhibitions.

RMS Titanic and seven of its subsidiaries filed voluntary petitions
for reorganization under Chapter 11 of the Bankruptcy Code (Bankr.
M.D. Fla. Lead Case No. 16-02230) on June 14, 2016. Former Chief
Financial Officer and Chief Operating Officer Michael J. Little
signed the petitions. The Chapter 11 cases are assigned to Judge
Paul M. Glenn.

The Debtors estimated both assets and liabilities of $10 million to
$50 million.

The Debtors are represented by Daniel F. Blanks, Esq. and Lee D.
Wedekind, III, Esq. at Nelson Mullins Riley & Scarborough LLP. The
Debtors employ Brian A. Wainger, Esq. at Kaleo Legal as special
litigation counsel, outside general counsel, securities counsel,
and conflicts counsel; Robert W. McFarland, Esq. at McGuireWoods
LLP as special litigation counsel; Steven L. Berson, Esq. at
Dentons US LLP and Dentons Canada LLP as outside general counsel
and securities counsel; Oscar N. Pinkas, Esq. at Dentons LLP as
outside general counsel and securities counsel.

The Debtors also employed Ronald L. Glass as Chief Restructuring
Officer and GlassRatner Advisory & Capital Group, LLC, as financial
advisors.

Guy Gebhardt, acting U.S. trustee for Region 21, on Aug. 24, 2016,
appointed three creditors to serve on the official committee of
unsecured creditors of RMS Titanic, Inc., and its affiliates. The
Committee hired Avery Samet, Esq. and Jeffrey Chubak, Esq. at
Storch Amini & Munves PC, and Richard R. Thames, Esq. and Robert A.
Heekin, Jr., Esq. at Thames Markey & Heekin, P.A. as counsel.

The official committee of equity security holders of Premier
Exhibitions Inc. hired Peter J. Gurfein, Esq. at Landau Gottfried &
Berger LLP as counsel; Jacob A. Brown, Esq. and Katherine C.
Fackler, Esq. at Akerman LLP as Co-Counsel; and Teneo Securities
LLC as financial advisor.



TIDEWATER INC: Suffers $430.05 Million Net Loss in June
-------------------------------------------------------
Tidewater, Inc., et al., filed with the U.S. Securities and
Exchange Commission their monthly operating report for June 2017.

The Debtors' consolidated statement of operations showed a net loss
of $430.05 million on $27.91 million of revenue for June, a huge
swing from $82.57 million net income posted for the previous
reporting period.

As of June 30, 2017, the Debtors listed $4.12 billion in
consolidated total assets, $2.83 billion in consolidated total
liabilities, and -$1.29 billion in consolidated total shareholders'
equity.

At June 1, 2017, the Debtors had $18.65 million beginning cash
balance.  They listed total cash receipts of $27.65 million and
total cash disbursements of $15.27 million.  Taking into account
net intercompany transfer activity of $13.20 million, the Debtors
had $17.83 million ending cash balance at June 30, 2017.

A copy of the monthly operating report is available at the SEC at:

                    https://is.gd/4rm6Fi    

                    About Tidewater Inc.

Founded in 1955, Tidewater, Inc. (NYSE: TDW) is a publicly traded
international petroleum service company headquartered in New
Orleans, Louisiana, U.S.  It operates a fleet of ships, providing
vessels and marine services to the offshore petroleum industry.

Tidewater Inc. and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Lead Case No. 17-11132) on May 17, 2017.
The petitions were signed by Bruce Lundstrom, executive vice
president, general counsel and secretary.

Tidewater, Inc., disclosed $4.31 billion in total assets and $2.34
billion in debt as of Dec. 31, 2016.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel; Richards,
Layton & Finger, P.A., as co-counsel; Jones Walker LLP, as
corporate counsel; AlixPartners, LLP, as financial advisors; Lazard
Freres & Co. LLC, as investment banker; KPMG LLP, as restructuring
tax consultant; Deloitte & Touche LLP as auditor and tax
consultant; Ernst & Young as tax advisor; and Epiq Bankruptcy
Solutions, LLC, as administrative advisors, and claims and
solicitation agent.

An unofficial committee of noteholders of Tidewater Inc., et al.,
has retained Paul, Weiss, Rifkind, Wharton & Garrison LLP, as
restructuring counsel, and Blank Rome LLP, as maritime counsel in
connection with restructuring discussions.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on June 20, 2017,
appointed three creditors to serve on the committee of equity
security holders; and three creditors to serve on the official
committee of unsecured creditors. Counsel to the Equity Committee
are Saul Ewing LLP and Brown Rudnick LLP.  The Equity Committee
retained Miller Buckfire & Co., LLC, as financial advisor and
investment banker.  Lawyers at Whiteford, Taylor & Preston LLC
represent the Unsecured Creditors Committee.


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Troubled Company Reporter is a daily newsletter co-published
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